MarketsandMarkets: Global medium & heavy commercial vehicle sales were 3.3 million units in 2024 and are projected to be 3.5 million units by 2025, witnessing a YoY growth of 4.4% from 2024 to 2025. The top commercial vehicle OEMs in the market are TATA Motors (India), AB Volvo (Sweden), Daimler AG (Germany), PACCAR Inc. (US), HINO (Japan), IVECO S.p.A (Italy), MAN (Germany), and Ashok Leyland (India). The other companies that support the automobile industry with technology development are CATL, Robert Bosch, ZF, and others. These companies adopted new product launches, acquisitions, partnerships, collaborations, and other key strategies to gain traction in the commercial vehicle market.
The engine market is projected to reach USD 477.89 billion by 2029, at a CAGR of 4.8% during the forecast period. and the generator market is projected to reach USD 32.98 billion by 2030, at a CAGR of 5.4% during the forecast period. The report profiles key players such as Caterpillar (US), Cummins Inc. (US), General Electric Company (US), RTX (US), General Motors (US), Rolls-Royce Plc (UK), Mitsubishi Heavy Industries, Ltd. (Japan), Honeywell International Inc. (US), AB Volvo (Sweden), Scania (Sweden).
The global gene transfer technologies market, valued at US$3.63B in 2023, is forecasted to grow at a 9.7% CAGR, reaching US$3.73B by 2024 and US$5.93B by 2029. The increasing usage in vaccine development and applications in cancer immunotherapy; is one of the major factors driving the growth of the gene transfer technologies market.
The Construction Equipment market is projected to reach USD 194.76 billion by 2030, at a CAGR of 3.8% during the forecast period. The region is home to several prominent construction equipment manufacturers, including Komatsu (Japan), Doosan Enerbility (South Korea), Zoomlion Heavy Industry Science & Technology Co., Ltd. (China), Kobelco Construction Machinery Co., Ltd. (Japan), HD Hyundai Construction Equipment Co., Ltd. (South Korea), Kubota Corporation (Japan), YANMAR HOLDINGS CO., LTD. (Japan), Sumitomo Construction Machinery Co., Ltd. (Japan), Hitachi Construction Machinery Co., Ltd. (Japan), and SANY Group (China).
The global vaccine storage equipment market, valued at US$0.82M in 2023, is forecasted to grow at a 7.2% CAGR, reaching US$0.86B by 2024 and US$1.21B by 2029. The expansion of pharmaceutical manufacturing facilities across the globe, the increased demand for vaccines, and the rising need for temperature-controlled devices to store vaccines drive the growth of the vaccine storage equipment market.
The Top 10 Food & Beverages Markets Will Grow From USD 273.2 billion In 2024 to USD 427.5 billion by 2029 at a YOY Increase of 9.4%. In the rapidly evolving landscape of the food and beverage industry, key companies are spearheading transformative initiatives across various sectors. In the alternative protein industry, Cargill (US) and Wilmar International Ltd., (Singapore) are pioneering plant-based and lab-grown protein innovations. The realm of food automation sees global leaders such as ABB (Switzerland), Rockwell Automation (USA), and Siemens (Germany) harnessing robotics and smart technologies to enhance production efficiency. For ensuring food safety, Thermo Fisher Scientific (USA) and Neogen Corporation (USA) are at the forefront, providing advanced solutions for quality control and pathogen detection. Personalized nutrition is advanced by Nutrigenomix (Canada) and DNAfit (United Kingdom), tailoring dietary recommendations based on genetic insights. Finally, precision fermentation is driven by innovators like Ginkgo Bioworks (USA) and Perfect Day (USA), offering scalable and sustainable solutions for alternative protein production. Together, these companies exemplify the diverse and dynamic future of the food and beverage industry. In the future years, food & beverage players will continue investments in advanced food technologies in unexplored countries and focus on delivering healthy and safe food to consumers.
The thermal interface materials market is expected to grow from USD 3.56 billion in 2024 to USD 5.64 billion by 2029, at a CAGR of 9.7% during the forecast period. The report profiles key players such as Honeywell International Inc. (US), 3M (US), Henkel AG & Co. KGaA (Germany), Parker Hannifin Corporation (US), DOW (US), Laird Technologies Inc. (US), Momentive (US), Wakefield Thermal Inc. (US), Indium Corporation (US), and Zalma Tech Co. Ltd. (South Korea).
The smart labels market is expected to grow from USD 11.43 billion in 2024 to USD 17.33 billion by 2029, at a CAGR of 8.7% during the forecast period. The report profiles key players such as Avery Dennison Corporation (US), CCL Industries, Inc. (Canada), Zebra Technologies Corporation (US), SATO Holdings Corporation (Japan)
The biodegradable plastic additives market is expected to grow from USD 1.49 billion in 2024 to USD 2.20 billion by 2029, at a CAGR of 8.1% during the forecast period. The key players profiled in the report include Cargill Inc. (US), DIC Corporation (Japan), ADEKA Corporation (Japan), Croda International Plc (UK), Stora Enso (Finland), UPM-Kymmene OYJ (Finland), Clariant AG (Switzerland), Borregaard AS (Norway), Corbion N.V. (Netherlands), Avient Corporation (US), and others.
MarketsandMarkets: The trailer telematics market is projected to reach USD 1.41 billion by 2030, at a CAGR of 10.5% during the forecast period. The major players in the trailer telematics market are CalAmp (US), The Descartes Systems Group Inc. (Canada), Qualcomm Technologies Inc. (US), Omnitracs (US), Wabco Solution Centre (Germany), Novacom (Netherlands), Solera Holdings (US), FleetPulse (US), IDEM Technologies (UK) and Microlise Limited (UK)
The synthetic rope market is expected to grow from USD 2.22 billion in 2024 to USD 3.07 billion in 2029, at a CAGR of 6.7% during the forecast period. Prominent companies include Cortland International (US), Wireco Worldgroup Inc. (US), Samson Rope Technologies (US), Southern Ropes (South Africa), English Braids Ltd. (UK), Marlow Ropes (England), Teufelberger (Austria), Bekaert (Belgium), Yale Cordage Inc. (US), Lanex A.S. (Czech Republic), Unirope Ltd. (Canada), Novatec Braids, Ltd. (Canada), Katradis Marine Ropes Ind. S.A. (Greece), Kennedy Wire Rope & Sling (US), Atlantic Braids (Canada), Touwfabriek Langman BV (Netherlands), Parker Hannifin Corporation (US), Axiom Cordages Limited (India), Koronakis SA (Greece), DSR Corp. (Korea), Bluewater Ropes (US), and Cancord Ropes Inc. (Canada) among others.
The global automotive LiDAR market is projected to reach USD 9.59 billion by 2030, at a CAGR of 41.6% during the forecast period. The major players in the automotive LiDAR market include RoboSense Technology Co., Ltd. (China), Hesai Group (China), Luminar Technologies, Inc. (US), Seyond (US), Huawei Technologies Co., Ltd. (China), Valeo (France), and Innoviz Technologies Ltd. (Israel). These companies offer various LiDAR products and perception software solutions and have strong global distribution networks. Companies are also actively launching new products and collaborating with other players to expand their market presence. Luminar Technologies, Inc. partnered with Applied Intuition, Inc. (US) in April 2024, to accelerate the development of ADAS and AD for OEMs utilizing Luminar’s LiDAR with simulation tools from Applied Intuition, Inc. Similarly, in September 2024, Hesai Group (China) launched OT128 LiDAR solution featuring a detection range of up to 200 meters.
The global bunion surgery market, valued at US$437.8M in 2023, is forecasted to grow at a 5.7% CAGR, reaching US$458.4M by 2024 and US$606.1M by 2029. The main factor driving this market is the rising prevalence of bunions, which has led to an increased demand for surgical treatments.
MarketsandMarkets anticipates that the global cloud industry will grow from USD 1,091.4 billion in 2024 to USD 1,256.8 billion by 2025 at a YoY increase of 15.1%. AWS, Microsoft, Google, Salesforce, and IBM are the major players in cloud industry, with a 35.1% combined market share in 2023. Other prominent market players are Oracle, SAP, Alibaba Cloud, Adobe and Tencent Cloud. In 2024, key CSPs strive to maintain their cloud leadership positions with new product launches and product enhancements, Gen AI advancements, and strategic deals, partnerships and collaborations. In 2025, cloud providers will continue investments in advanced security and sovereign cloud, hike cloud service prices, launch cloud regions in unexplored countries, and focus on industry-specific cloud offerings.
The graph database market is projected to reach USD 2,143.0 million by 2030 at a Compound Annual Growth Rate (CAGR) of 27.1% during the forecast period. The major market covered in the report include IBM Corporation (US), Oracle (US), Microsoft Corporation (US), AWS (US), Neo4j (US), RelationAI (US), Progress Software (US), TigerGraph (US), Stardog (US), Datastax (US), Franz Inc (US), Ontotext (Bulgaria), Openlink Software (US), Dgraph Labs (US), Graphwise (US), Altair (US), Bitnine ( South Korea) ArangoDB (US), Fluree (US), Blazegraph (US), Memgraph (UK), Objectivity (US), GraphBase (Australia), Graph Story (US), Oxford Semantics (UK), and FalkorDB (Israel).