Global Fire-Resistant Damper Market is driven by the Rising Adoption in the Industrial Sector: Ken Research

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Market Overview

A fire-resistant damper can be characterized as “a gadget introduced in conduits and air transfer opening of air dissemination or smoke control framework intended to close consequently upon identification of intensity. Blend Fire/Smoke Dampers are incorporated on the grounds that it is like a fire-resistant damper.

The utilization of geothermal cooling and warming equipment in the global fire-resistant damper market has expanded throughout the course of recent years, which has decreased dependence on fuel-based equipment, the inclination for comfort among consumers is opening up new business opportunities. As more “green” buildings are being built, more thermostats, sensors, and smart meters that can be managed from a smartphone or computer are being installed. HVAC frameworks with programming reconciliation are likewise on the ascent and are anticipated to start up new business possibilities. The HVAC segment is slowly embracing technology, opening up promising long-term growth prospects during the forecasted period of 2024.

Report Analysis

According to the research report, “Global Fire-Resistant Damper Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” expresses that the market is propelled to rise at a considerable rate during the forecasted period, between 2020 and 2024. The market was growing at a steady rate during 2015-19 and with the increasing adoption of strategies by key players, the market is expected to rise over the projected horizon of 2020-24.

In terms of regions, the Global Fire-Resistant Damper Market includes geographies of Asia-Pacific, Europe, North America, Middle East & Africa, and Latin America.

The Global Fire-Resistant Damper Market on the basis of product type is categorized into Carbon Steel, Galvanized Sheet, and Stainless Steel

The end-use in the Fire-Resistant Damper Market incorporates Residential applications, Commercial applications, and other applications.

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Key Players

Some major key players in the Global Fire-Resistant Damper Market are:

Greenheck

Ruskin

Aldes

Halton

Nailor

Actionair

Metal- Fab

Strulik

Flakt Woods

Leeden Fire Safety

RF-Technologies

Ruskin Life Safety Dampers

Others

Regional Analysis

The Global Fire-Resistant Damper Market in terms of regions incorporates Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Among these regions, North America is anticipated to rule the fire-resistant dampers market share because of the increasing interest for these materials in both new and old building structures, it is growing rapidly. The increasing construction sector, especially the increment of high rises in the emerging economies, is a significant component driving the growth of this market. The rigid building standards and guidelines in this space are an essential factor in the fire-resistant damper market extension during the gauge time frame.

Asia-Pacific is expected to have a sizable piece of the pie. The locale has encountered colossal growth all through the years to a great extent because of growing urbanization, populace extension, and rising consumer discretionary cash flow. As of late, the commercial sector has extended, opening entryways for expected future regional growth during the forecasted period till 2025.

Future Outlook

In the forthcoming years, the Global Fire-Resistant Damper Market will rapidly rise due to the increasing adoption of fire-resistant damper equipment in the industrial sector which will surely foster market development. One more component is the HVAC framework which will obviously boost the market growth during the forecasted time frame of 2024.

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Global Fire Resistant Damper Market: Ken Research

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(COVID Version) Global Fire Resistant Damper Market Status (2016-2020) and Forecast (2021E-2026F) by Region, Product Type & End-Use

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SEA Used Car Market Size and Research 2022, CAGR Status, Growth Analysis by Countries, Development Factors, Business Updates and Strategies till 2026: Ken Research

The report titled “SEA Used Car Market Outlook to 2026F: Driven by Covid-19 led shift in User’s Preference towards Private Vehicles and Growing Penetration of Online Used Car Platforms” provides a comprehensive analysis of the used car market and sales in Southeast Asia region. The report also covers overview and genesis of the industry, used car market size in terms of total revenue generated for total used car volume sales with average price of used car and used to new car ratio; along with online used car market size, market segmentation by business model and country; trends and developments, issues and challenges and comparative landscape including competition scenario based on cross comparison at SEA Level. It also includes individual country wise snapshots analyzing the used car market for Indonesia, Thailand, Malaysia, Philippines, Singapore and Vietnam. The report concludes with future market projections of overall SEA used car market and analyst recommendations for Marketing & Promotional Strategies including Business Framework.

SEA Used Car Market Overview

SEA Used Car market is currently in the late growing phase, growing at a single digit CAGR during 2015-2021. Covid-19 pandemic had significantly reduced the purchasing power of consumers across the globe, due to which the ability to buy new car plunged. A quite significant shift in consumer’s preference towards used cars has been observed in the SEA region.

Growth of transactional marketplaces offering one-stop solutions to buyers and connecting dealers, financing and insurance companies is also driving the used car market in SEA.

SEA Used Car Market Segmentations

By Business Model (C2B and B2C+C2C):

The Overall SEA Used Car market is expected to witness a sales volume of million units through C2B channel in 2021.

The C2B Platforms enable sellers to sell used cars directly to the online players who in turn sell the inventory to the dealers either through bidding or by general sales process while charging a margin.

Due to the presence of large number of organized and unorganized multi-brand dealer in the market selling used cars to customers, B2C sales channel remains as the second most dominant channel after C2B.The advantage of purchasing a used car through a B2C Channel is the service offerings they provide such as aftersales, warranty and financing options among others which is lacking in C2C sales channel.

By Country (Indonesia, Thailand, Malaysia, Philippines, Singapore, and Vietnam):

Thailand is the Market Leader in Terms of both Sales Value and Volume, reporting highest Used Car Transactions in 2021.

Malaysia Contributes the Most in terms of Online Used Car Market in the SEA Region as a result of the high Internet Penetration in 2022.

Snapshot: Indonesia Used Car Market Analysis:

Overview: The entry of various financing companies in the used car industry, as well as the launch of OEM-certified used car programs, has been the major growth drivers of the industry. The boom in the number of online auto-classified platforms and the traction of the consumers towards online platforms is contributing to the inclining used car sales in the country.

Competition Analysis: The industry in Indonesia is largely unorganized due to the preference of consumers towards stand-alone local, independent dealers or the ones located in used car exchanges, along with peer-to-peer sales, facilitated by online auto-classified platforms. The used car market has witnessed the entry of various online classified portals and marketplaces in recent years. These players follow various different business models and aim to harness the untapped potential of the industry.

Snapshot: Thailand Used Car Market:

Overview: Increasing demand for private vehicles, reduction in purchasing power, easy availability of finance, and increasing VAT on new cars are the main reasons behind positive growth in used car sales revenue.

Competition: Online market is dominated by Carro and Carsome in the region. Both foreign as well as domestic companies are present in the market. The players compete on parameters such as proximity, value added services, prices, promotional offers and tie ups with major financial institution. In order to increase their revenue, the players offer free gifts and warranty as a part of promotion.

Snapshot: Malaysia Used Car Market:

Overview: Increasing demand for private vehicles, increasing purchasing power, easy availability of finance, increased govt. incentives to ensure sale of new cars are the main reasons behind positive growth in used car sales revenue.

Competition: Used Car Market in Malaysia has been dominated by B2C and OEM Dealerships which has captured a share of majority share in the sales volume of used cars during 2021. Some of the players operating in the B2C and C2C online used car segment are – Carsome, MyMotor, MyTukar, MUV and others.

Snapshot: Philippines Used Car Market Analysis:

Overview: There are a number of growth drivers which has resulted in expansion of the market; these include a surge in the demand of private cars, increasing per capita income, convenient financing facilities, increased internet penetration and enhanced digitalization of the used cars space.

Competition: Used Car Market in Philippines is highly fragmented as majority of the market is unorganized.

Snapshot: Singapore Used Car Market:

Overview: There has been an immense expansion in the lead generation of used cars via the online means in the last decade. Facebook, Instagram and other social networking sites plays a key role in expanding the used cars market in Singapore. The increasing internet penetration of the used cars market in the country is contributing positively to the growth of the industry.

Competition: There exists intense competition in the fragmented market. The largest share of the market is held by the multi-brand dealers.

Snapshot: Vietnam Used Car Market:

Overview: Leveraging the growing internet penetration rate, various online classified players launched their operation in Vietnam post 2013. The increasing preference of consumers towards availing digital medium for their purchases has enhanced the sales prospect via C2C channel through classified platforms.

Competition: Vietnam’s used car market is highly fragmented with presence of large number of organized and unorganized multi brand dealers. Integration of online classified platforms such as Carmudi and Bonbanh in recent years along with the presence of captive dealers restricts the dominance of single player in the market.

SEA Used Car Market Competitive Landscape

SEA used car is a highly fragmented market with many players capturing more than one geography in the region. There exists intense competition in the highly fragmented market with various C2B & B2C Online Players, Auto-classified Platforms, OEM certified, brand authorized dealerships, multi-brand outlets & independent (standalone as well as clustered) dealers operating in the industry. Many new players have recently started to explore the Southeast Asian untapped markets.

Price, age and residual value of the vehicle, brand value, maintenance required are some of the most important factors impacting the preference of consumer.

SEA Used Car Market Future Outlook and Projection

The used car industry in SEA is expected to grow in the future at a double digit CAGR over the forecast period 2021 to 2026F.

The industry is expected to establish strong demand arising due to preference of personal vehicles over public transportation as the after effects of the pandemic.

Increasing internet and smartphone penetration in the South-East Asian countries will result in large number of consumers preferring to buy and sell cars through online used car platforms, due to which the used car market is expected to become more organized and gain more traction in the coming years. 

Key Segments Covered:

SEA Used Car Market

• By Business Model
• C2B
• B2C+C2C

• By Country
• Indonesia
• Thailand
• Malaysia
• Philippines
• Singapore
• Vietnam

SEA Online Used Car Market

• By Business Model
• C2B
• B2C+C2C

• By Country
• Indonesia
• Thailand
• Malaysia
• Philippines
• Singapore
• Vietnam

SEA Ancillary Services Market

• By Type
• Auto Finance
• Used Car Finance
• Motor Insurance Premium
• Warranty Value
• Automotive Aftermarket

• By Country
• Indonesia
• Thailand
• Malaysia
• Philippines
• Singapore
• Vietnam

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Snapshot: Country Wise Used Car Market Analysis

Segments Included:

• Current Used Car Market Size
• Online Used Car Market
• Competition Landscape (Market Share of Major Companies, Cross Comparison and Company profiles)
• Future Used Car Market Size
• Future Used Car Market

Countries Covered:

• Indonesia
• Thailand
• Malaysia
• Philippines
• Singapore
• Vietnam

Companies Covered (Online Platforms)

• Carsome
• Carro
• OLX Indonesia (OLX Autos)
• MUV
• Mobil 88
• Mobil 123
• MyMotor
• MyTukar
• Carmudi
• AutoDeal
• my

Key Target Audience

• Used Car Companies
• OEMs
• Online Used Car Portals
• Used Car Financing Companies
• Government Bodies
• Investors & Venture Capital Firms
• Used Car Dealerships
• Used Car Distributors Auction Houses
• Used Car Associations

Time Period Captured in the Report: -

• Historical Period: 2015-2021
• Forecast Period: 2021-2026F

Key Topics Covered in the Report

• Executive Summary
• SEA Used Car Market Overview
• SEA Used Car Market Growth Strategy
• Ecosystem of Major Entities in SEA Used Car Market
• Overview and Genesis of the Used Car Market in SEA Region
• Value Chain Model for Used Car Industry
• Issues and Challenges
• Overall Used Car Market Size and Segmentation
• Online Used Car Market Size and Segmentation
• Ancillary Service Market Analysis
• SWOT Analysis
• Customer Decision Making Parameters for Buying Used Car
• Covid-19 Impact on SEA Used Car Market
• Comparison of SEA Used Car Market with USA and China Market
• Competitive Landscape & Cross Comparison of Major Players
• Company Profiles
• Individual Country Wise Used Car Analysis for Indonesia, Thailand, Malaysia, Philippines, Singapore and Vietnam
• Future Projections
• Analyst Recommendations
• Research Methodology 

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UAE Automotive Aftermarket Service Industry Outlook to 2026: Driven by increasing number of startups and consumers' shifting preference towards online and organized sector

Egypt Used Car Market Outlook to 2026 – Driven by Shift In Consumer Demand along with Growth of Online Used Car Platforms and Availability of Financing Options

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Ankur Gupta, Head Marketing & Communications

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COVID 19 Impact on North America AGV Industry | Ken Research

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What Is the Size of North America Automated Guided Vehicles Industry?

North America Automated Guided Vehicles market is growing at a CAGR of ~% in 2017-2021P and is expected to reach ~USD Mn by 2027F. The growth of Automated Guided Vehicles market in North America is driven by the rise in demand for automation in material handling across a range of industries owing to the benefits they offer in terms of improved efficiency and security and reduced cost.

Furthermore, the rising prevalence of Automated Guided Vehicles over the next few years is expected to propel the growth of market due to the stable long-term usage among end-user industries to achieve improvements in bottom-line by reducing labor cost. With rise in demand for e-commerce, supply chains are implementing AGVs in distribution centers enabling industries to operate at a higher output.

The utilization of AGVs in the pharmaceutical industry increased to meet the excessive demand and sustain hygiene. Hospitals used AGVs during Covid-19 to safely conduct contact less transportation of meals, waste bins, linen and sterile supplies. The programmability of AGVs helps reduce waste and saves time while performing tasks accurately and helping improve productivity. AGVs do not require experience or breaks which initially save the anticipated labor cost along with reducing utility cost.

North America Automated Guided Vehicles Market by Product Type

The Automated Forklift segment in North America Automated Guided Vehicles market is growing at a CAGR of ~% in 2017-2021 and is expected to reach ~USD Mn by 2027F. It is used extensively in the material handling industry for their quality of accurately transport raw material or finished component in a much shorter span.

The Underride/ Tunnelling AGVs, although constitute a small part of the market, will grow at the fastest rate during the forecasted period. Their growth will be driven by the increasing need and implementation of underground travel across major cities in North America.

North America Automated Guided Vehicles Market by Navigation Technology Type

The North America Vision Guided Automated Vehicles segment is growing at a fastest CAGR of ~% in 2017-2021 and is expected to reach ~USD Mn by 2027F. This is mainly due to the facilities this segment has to offer in terms movement convenience of the vehicles. Since it is run by vision guidance, there is no need to install wires or magnetic tapes on floor.

While laser guided and vision guided are growing in their share of the overall market, the prevalence of wired guided and magnetic guided AGVs is quite high. These two segments together contribute to the largest of the market when it comes navigation technology segments.

North America Automated Guided Vehicles Market by Application Type

The Packaging segment in the North America Automated Guided Vehicles market is growing at the highest CAGR of ~% in 2017-2021 and is expected to reach ~USD Mn by 2027F. This growth is mainly due to the increasing importance of safety, environmental friendliness, precision in packaging, without having to increase the time and cost.

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Owing to the precision benefits, the use of AGVs is also growing in the Transportation and Distribution application segment. AGVs do not require experience or breaks which initially save the anticipated labor cost along with reducing utility cost. These vehicles can operate in every condition that human cannot effectively work on due to the lack of accessibility or lack of safety and presence of health hazards.

North America Automated Guided Vehicles by Type of End User Industry

The North America Industrial Goods Manufacturing Industry is expected to grow at positive CAGR of ~% in 2017-2021 and is expected to reach ~USD Mn by 2027F. Many companies are looking for options to improve the efficiency of their processes, transporting more material in the same time, without running into higher recurring cost involved with human transport.

While industries like Automotive, Logistics, etc. were already leveraging Automated Guided Vehicles, many new industries like the Healthcare or Retail are finding the use of AGVs to be more and more cost-efficient.

Competition Scenario in North America Automated Guided Vehicles Market

There is moderate to high levels of competition within the industry. There are multiple big companies in the North American Automated Guided Vehicles market that offer a diverse range of products, however they often face stiff competition from players who offer a limited range of specialized products. Companies are competing on various parameters such as Partnerships, New Products and offering comprehensive AGV product solutions to all major end user industries.

Key Competitor Profiles         

Given Below are Example Images of Competitor Profiles slides from a Ken Research report Purely for Representation Purposes. These Slides Content May Not be Exactly Matching the Focused Market in this Report

Major Countries Analysis

Given Below are Example Images of Major Country Analysis slides from the report for Representation Purposes. These Slides Content May Not be Exactly Matching the Focused Market in this Report.

What Is the Expected Future Outlook for The Overall Automated Guided Vehicles Market In North America?

The revenues generated by the Automated Guided Vehicles market players in North America are projected to augment to ~ by 2027 from ~ during 2022, registering a robust CAGR of ~ during the same period.

Rise in demand for automation in material handling industries, owing to improvements observed in productivity and accuracy and reduction in utility cost, is fueling growth in the market. Moreover, Automated Guided Vehicles (AGV), leveraging sensors, visual indicators, emergency stop buttons, and navigation technology features, ensure that the working environment is safe.

With rise in demand for e-commerce, supply chains are implementing AGVs in distribution centers enabling industries to operate at high output.

The utilization of AGVs in the pharmaceutical industry increased to meet the excessive demand and sustain hygiene. Hospitals used AGVs during Covid-19 to safely conduct contact less transportation of meals, waste bins, linen and sterile supplies. The programmability of AGVs is expected to help reduce waste and saves time while performing tasks accurately and helping improve productivity.

AGVs do not require experience or breaks which initially save the anticipated labor cost along with reducing utility cost. These vehicles can operate in every condition that human cannot effectively work on due to the lack of accessibility or lack of safety and presence of health hazards. Owing to these factors, the market is looking at a phase of substantial growth in the years to come.

For More Information on The Research Report, refer to below link: -

North America Automated Guided Vehicles Market

Key Segments Covered in North America Automated Guided Vehicles Market: -

North America Automated Guided Vehicles Market By Product Type

Automated Forklift

Automated Tow/Tractor/Tugs

Unit Load Carriers

Assembly Line

Underride/Tunneling

Special Purposes

North America Automated Guided Vehicles Market By Navigation Technology Type

Laser Guided

Magnetic Guided

Vision Guided

Wired Guided

North America Automated Guided Vehicles Market By Application Type

Transportation and Distribution

Storage, Warehousing and Assembly

Packaging

North America Automated Guided Vehicles Market By Type of End User Industry

Aerospace and Defense

Automotive

Food and Beverage

Industrial Goods Manufacturing

Consumer Goods

Healthcare

Logistics

Retail

Others

North America Automated Guided Vehicles Market By Geography and Major Countries

USA

Canada

Mexico

Key Target Audience

Automated Guided Vehicles Manufacturers

Forklift Manufacturers

Robotic Systems Manufacturers

Aerospace and Defense Companies

Automotive Components Manufacturers

Food and Beverage Companies

Industrial Goods Manufacturers

Consumer Good Manufacturers

Owners of Warehouses, Storage Units

Retail Service/Product Providers

Healthcare Service Providers

Potential Investors in Automated Guided Vehicles Industry

Allied/Auxiliary Industries in Automated Guided Vehicles Market

Automated Guided Vehicles Wholesalers and Distributors

Time Period Captured in the Report:

Historical Period: 2017-2021

Forecast Period: 2022-2027F

Companies Mentioned:

Key Competitors in North America Automated Guided Vehicles Market

Daifuku

John Bean Technologies (JBT)

Oceaneering Intl

Toyota Industries corporation

KUKA

Hyster-Yale

Seegrid

Crown Equipment

KION

Mitsubishi Logisnext

Scott

Jungheinrich

Emerging Automated Guided Vehicles Companies in North America

Slip Robotics

Waku Robotics

Waypoint Robotics

Vention

OTTO Motors

Intronic

Automation Topstar de México

Onemind

Key Topics Covered in the Report: -

Snapshot of North America Automated Guided Vehicles Market

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of North America Automated Guided Vehicles Market

Historic Growth of Overall North America Automated Guided Vehicles Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of North America Automated Guided Vehicles Industry

Overview, Product Offerings, and SWOT Analysis of All the Key Competitors

Covid 19 Impact on the Overall North America Automated Guided Vehicles Market

Future Market Forecast and Growth Rates of the Total North America Automated Guided Vehicles Market and by Segments

Market Size of End User Industries with Historical CAGR and Future Forecasts

Analysis of North America Automated Guided Vehicles Market in Major North American Countries

Major Production / Consumption Hubs in the Major Countries

Major Production/Supply and Consumption/Demand Hubs in Each Major Country

Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging North America Automated Guided Vehicles Companies within Each Major Country

Related Reports: -

Asia Pacific Robotic Arms Market Outlook and Forecast to 2027 

India Industrial Automation Market Size, Market Statistics, Market Analysis : Ken Research

Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com

+91-9015378249