Services Industry Overview

The automotive transmission engineering services outsourcing market consists of sales of automotive transmission engineering services by entities (manufacturers, sole traders, and partnerships) that provide outsourced development assistance for cutting-edge powertrain systems. Automotive transmission engineering is an important process in the manufacturing of automobiles and it is done to make sure that the power flow from the engine to the wheels for ensuring the movement of the vehicle. The main service types of automotive transmission engineering services outsourcing are designing, prototyping, testing, system engineering and integration, and simulation. The designing services include expert knowledge and modelling components, concept generation and assessment, and using components that are automatically proportioned. The designing services also include providing a fresh set of driveline components or systems to utilise as a starting point for the final design. The two types of powertrains are conventional and hybrid which support automatic and manual transmission types. The automotive transmission engineering services outsourcing services are applied for commercial automotive, industrial automotive, and passenger automotive. The automotive transmission engineering services outsourcing market research report is one of a series of new reports from The Business Research Company that provides automotive transmission engineering services outsourcing market statistics, including automotive transmission engineering services outsourcing industry global market size, regional shares, competitors with an automotive transmission engineering services outsourcing market share, detailed automotive transmission engineering services outsourcing market segments, market trends and opportunities, and any further data you may need to thrive in the automotive transmission engineering services outsourcing industry. This automotive transmission engineering services outsourcing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global automotive transmission engineering services outsourcing market size is expected to grow from $11.02 billion in 2021 to $11.78 billion in 2022 at a compound annual growth rate (CAGR) of 6.8%. The global automotive transmission engineering services outsourcing market size is expected to reach $14.19 billion in 2026 at a CAGR of 4.8%. The increasing production of vehicles and rising demand for hybrid vehicles will propel the growth of the automotive transmission engineering services outsourcing market during the forecast period. A hybrid automobile has two or more engines, one of which is an electric motor and the other is a traditional engine either petrol or diesel. The benefit of a hybrid car over a gasoline-powered car is leading an increase in automotive vehicles, resulting in the growth of the automotive transmission engineering services outsourcing across the globe. For instance, In 2021, hybrid vehicles accounted for 19.6% of all new passenger cars sold in The EU region. This is increased from the 11.9 % market share that was held in 2020. The environmentally friendly nature of hybrid vehicles has increased the demand for hybrid vehicles and it is driving the automotive transmission engineering services outsourcing market. The technological advancements in automotive transmission are a key trend followed in the automotive transmission engineering services outsourcing market. Adaptation of new technological advancements by companies is resulting in a major growth opportunity in the automotive transmission engineering services outsourcing market. For instance, in June 2021, IAV and the Massachusetts Institute of Technology (MIT) initiated a cooperative research project for alternative propulsion systems in June 2021, analysing and assessing various drive types in heavy-duty vehicles based on hydrogen, electrification, hybridization, and methane combustion. In June 2019, Capgemini, a global leader in consulting, IT services and digital transformation announced its acquisition of Altran Technologies for $3.68 billion. With this acquisition Capgemini, along with Altran's expertise will support the digital transformation of industrial companies, which is the most dynamic segment in the market. Altran Technologies is a French-based specialist in engineering and R&D services in the aeronautics, automotive, telecoms, and other major sectors. Major players in the automotive transmission engineering services outsourcing market are AVL GmbH, FEV GmbH, IAV GmbH, Ricardo Plc, Intertek Group Plc, Porsche Engineering, Tata Consultancy Services Limited, Magna International Inc., Magneti Marelli S.p.A, Horiba, Ltd., Intertek Group plc, Dr. Ing. h.c. F. Porsche AG., Marelli Holdings Co., Ltd., Bertrandt AG, ALTEN Group, Altran, AISIN SEIKI Co., Ltd., ZF Friedrichshafen AG, Schaeffler Engineering GmbH, Continental AG, Eaton, and Smart Manufacturing Technology Ltd. Asia-Pacific was the largest region in the automotive transmission engineering services outsourcing market in 2021. The regions covered in the global automotive transmission engineering services outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive transmission engineering services outsourcing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global automotive transmission engineering services outsourcing market is segmented - 1) By Service Type: Designing, Prototyping, Testing, System Engineering and Integration, Simulation 2) By Powertrain: Conventional, Hybrid 3) By Transmission Type: Automatic, Manual 4) By Application: Commercial Automotive, Industrial Automotive, Passenger Automotive

The corporate employee transportation service market consists of sales of the corporate employee transportation service by entities (manufacturers, dealers, sole traders, and partnerships) that are used to help companies organize travel arrangements for their employees. Employee transport services are those that transportation companies offer so that the company can transport its employees simply and safely from one location to another. By providing transportation services to all employees, there will be no more standing in taxi lines or bus lines, which increases employee productivity. Employee transportation services are used by businesses, which makes the employees happy because they don't have to worry about getting public transportation. The main types of ownerships of corporate employee transportation services are company-owned transportation services, outsourced transportation services, rentals, and pick and drop transportation services. The company-owned transportation service is used in transportation services for employee travel that are owned by the company. The company-owned transportation refers to the transportation vehicles that are owned or purchased by the company for the sake of offering transportation to its employees. The passenger vehicle used in corporate employee transportation services include cars, vans, and buses. The services offered by corporate employee transportation services providers include mobility as a service (MAAS) and software as a service (SAAS). The corporate employee transportation service market research report is one of a series of new reports from The Business Research Company that provides corporate employee transportation service market statistics, including corporate employee transportation service industry global market size, regional shares, competitors with a corporate employee transportation service market share, detailed corporate employee transportation service market segments, market trends and opportunities, and any further data you may need to thrive in the corporate employee transportation service industry. This corporate employee transportation service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global corporate employee transportation service market size is expected to grow from $26.71 billion in 2021 to $28.73 billion in 2022 at a compound annual growth rate (CAGR) of 7.5%. The global corporate employee transportation service market size is expected to reach $35.86 billion in 2026 at a CAGR of 5.7%. Growing corporate office presence in the Asia-Pacific region is expected to propel the growth of the corporate employee transportation services market going forward. A corporation's main place of business is regarded as its corporate office. Corporate employee transportation services provide transportation services for the employees working in corporate offices. As a result, the growing corporate office increases the demand for the corporate employee transportation services market. For instance, in 2022, according to the Economic Times, India-based newspaper, in the first quarter, the top eight cities added 11.9 million square feet (sq ft) of new office space, up 13% from the same period last year. Bengaluru recorded new completions of 2.5 million sq ft, which was the second biggest volume addition for the quarter. Pune led all markets with new supply additions of 3.6 million sq ft, an increase of 107% on the year. Therefore, increasing corporate office presence in the Asia-Pacific region is expected to boost demand for corporate transportation services during the forecast period. Technological advancements have emerged as a key trend gaining popularity in the corporate employee transportation service market. Major companies operating in the corporate employee transportation service market are adopting new technological solutions to sustain their position. With the use of traveler monitoring technology, the company, as well as the provider, may track and contact employees in an emergency with one click. Agents can manage fewer invoices and data sources by using virtual payments to store all trip information in one location. For instance, in November 2019, Team Pennine, a Transdev subsidiary, introduced an entirely new fleet of six high-specification Mellor Strata Ultra buses on five routes serving the Halifax area. This will be the first brand-new bus delivered to the community in six years. In October 2021, online bus ticketing startup Chalo acquired Shuttl for an undisclosed amount. With this acquisition, Due to Shuttl's existing presence in Bangkok and the ability to reach sizable Indian metropolises where Chalo has not yet established a footprint, the acquisition allows Chalo to move forward with its international expansion objectives more quickly. Shuttl is an Indian-based bus aggregator for office commutes. Major players in the corporate employee transportation service market are Busbank, Transdev, Prairie Bus Line Limited, Move-In-Sync, First Class Tours, Janani Tours, Shuttl, Eco Rent a Car, Sun Telematics, WeDriveU Inc., Acciva Travels, FnA Bus Charter, GO Riteway, Betterez, GOGO Charters, WTI Cabs, KTC India, GOGO Charters, Smart24x7, Acciva Travels, FnA Bus Charter, GO Riteway, Betterez, and Arcab. Asia-Pacific was the largest region in the corporate employee transportation service market in 2021. The regions covered in the global corporate employee transportation service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the corporate employee transportation service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global corporate employee transportation service market is segmented - 1) By Ownership: Company-owned Transportation Service, Outsourced Transportation Service, Rentals, Pick and Drop Transportation Service 2) By Passenger Vehicle Type: Cars, Vans, Bus 3) By Service Type: Mobility as a Service (MaaS), Software as a Service (SaaS)

The destination wedding market consists of sales of destination wedding services by entities (organizations, sole traders, and partnerships) that refer to weddings that take place outside of the city or town where the soon-to-be-married couple resides. The destination wedding services involve planning, booking, and assistance with various ceremonies. The term "destination wedding" refers to a wedding that is planned ahead of time in a location, usually a high-end resort, where the couple, wedding party, and guests stay for roughly a week and where all wedding-related activities take place. The types of seasons in destination weddings are high season, mid-season, low season, and mid-peak season. The "high season" refers to the months in which most weddings occur. The high season starts in the late winter and lasts till the end of summer. The main activities included in a destination wedding are accommodation services, food services, butler services, and other services. The functions that take place during the wedding include pre-wedding ceremonies, wedding ceremonies, receptions, bachelor’s parties, and other types of functions. The venues for the destination wedding could be national or international wedding destinations. The channels of booking for these destinations will be through phone, online, and in-person booking. The destination wedding market research report is one of a series of new reports from The Business Research Company that provides destination wedding market statistics, including destination wedding industry global market size, regional shares, competitors with a destination wedding market share, detailed destination wedding market segments, market trends and opportunities, and any further data you may need to thrive in the destination wedding industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global destination wedding market size is expected to grow from $15.89 billion in 2021 to $21.43 billion in 2022 at a compound annual growth rate (CAGR) of 34.9%. The global destination wedding market size is expected to grow to $64.01 billion in 2026 at a CAGR of 31.5%. The rising penetration of social media is expected to propel the growth of the destination wedding market. Websites and programs that emphasize communication, community-based input, engagement, content-sharing, and collaboration are collectively referred to as "social media. It can be challenging to unplug, even during the most important moments of life such as weddings, because Snapchat, Instagram, and Facebook have ingrained themselves so deeply into daily existence. Particularly during destination weddings, a variety of photo and video opportunities are available. For instance, according to Pew research center, a nonpartisan fact provider, in 2021 72% of American people used at least one social media. Furthermore, according to an article published by Willow Wedding, a US-based wedding planner, in the US, 83% of wedding planning is now done online, where 62% of couples create their wedding site, 52% use a wedding planning app, and 54% implement a wedding hashtag on social media. Therefore, the rising penetration of social media is driving the growth of the destination wedding market. Eco-friendly weddings in natural locations have emerged as a key trend gaining popularity in the destination wedding market. People are attempting to be more environmentally conscious these days, which is why they are opting for eco-friendly weddings in natural settings. Destination wedding service providers provide incredibly sustainable and natural sites, which helps the market flourish. For instance, according to a 2022 real wedding survey by Theknot, a US-based wedding planning company, 70% of couples agreed if they planned to have a marriage in 2022 to include environment-friendly activities and décor such as buying second-hand or up-cycled items, using recycled paper items, and minimizing the use of single-use plastic. One-third of the couples believed that the vendors should be more proactive in providing eco-friendly solutions. In July 2021, Matrimony.com Ltd, an India-based wedding services provider, acquired ShaadiSaga for Rs.11 crore ( $ 1.410.87 million). With this acquisition, matrimony.com aimed to expand its services in the northern and western markets and become a market leader in the destination wedding space. Shadisaga.com is operated by Boatman Tech Pvt. Ltd., which is a wedding planning site providing a one-stop solution for planning and deciding venues and vendors for destination weddings. Major players in the destination wedding market are White Eden Weddings, FiestaSol, Magical Weddings, Sparkles & Bubbles, Peach Perfect Weddings, The Wedding Travel Company, LM Wedding Planner, Jennifer Fox Weddings, The Destination Wedding, Wedding Planner Roma, Studio Brzak Events, ALL THINGS BEAUTIFUL, Planned For Perfection, Tropical Wedding & Honeymoon, BAQAA Glamour Weddings & Events, Vivaah Weddings, Shehnaiyan, Impressario Inc., and Revel Events. North America was the largest region in the destination wedding market in 2021. The regions covered in the global destination wedding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the destination wedding market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global destination wedding market is segmented - 1) By Function: Pre-Wedding Ceremonies, Wedding Ceremonies, Reception, Others 2) By Inclusion and Activity: Accommodation Services, Food Service, Butler Services, Others 3) By Season: High Season, Mid-Season, Low Season, Mid-Peak Season 4) By Venues: National, International 5) By Booking Channel: Phone Booking, Online Booking, In Person Booking

The premium cosmetics market consists of sales of premium cosmetics by entities (manufacturers, dealers, sole traders, and partnerships) that are used to make cosmetic products with organic and high-quality components and are sold at a greater price than their drugstore counterparts. Premium cosmetics mainly cover skincare, makeup products, hair care, and fragrances. Companies are replacing synthetic chemicals with natural components in response to consumer demand as well as a move toward more environmentally friendly raw materials. The main types of premium cosmetics are skin care, hair care, fragrances and perfumes, sun care, baby care, and others. The skin care market consists of premium cosmetics that are used to protect the skin. Skincare encompasses a variety of procedures that help to maintain the integrity of the skin, improve its appearance, and alleviate skin disorders. The majority of skincare patients are prescribed tretinoin, topical vitamin C, regular sun protection, and a variety of skin moisturizers. Premium cosmetics include natural, organic, and conventional types of ingredients and are distributed through offline and online channels. These are used by males, females, and unisex. The premium cosmetics market research report is one of a series of new reports from The Business Research Company that provides premium cosmetics market statistics, including premium cosmetics industry global market size, regional shares, competitors with a premium cosmetics market share, detailed premium cosmetics market segments, market trends and opportunities, and any further data you may need to thrive in the premium cosmetics industry. This premium cosmetics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global premium cosmetics market size is expected to grow from $105.09 billion in 2021 to $118.88 billion in 2022 at a compound annual growth rate (CAGR) of 13.1%. The global premium cosmetics market size is expected to reach $169.35 billion in 2026 at a CAGR of 9.3%. The rising demand for natural cosmetics is expected to propel the growth of the premium cosmetics market going forward. Natural cosmetics are products that are made entirely from natural ingredients and contain only trace amounts of synthetic ingredients such as petrochemicals and parabens. As chemicals such as parabens, phthalates, and sodium lauryl sulfate are linked to health risks, people believe that natural compounds are safer for both human health and the environment. For example, according to IKW (Industrieverband Körperpflege-und Waschmittel), a Germany-based industry and trade association of manufacturers and distributors of cosmetic natural and organic cosmetics, in 2019, the sales of natural cosmetics in Germany stood at 1.38 billion euros (US $1.445 billion) across all sales channels. Therefore, the rising demand for natural cosmetics is driving the growth of the premium cosmetics market. Product innovations have emerged as the key trend gaining popularity in the premium cosmetics market. Major companies operating in the premium cosmetics sector are focused on product innovations to gain a competitive advantage. For instance, in May 2022, Proven Skincare, a US-based developer of skin care products, launched its first personalized eye cream duo, which includes Personalized Day Eye Cream and Personalized Night Eye Cream. A personalized product has been formed by combining Artificial Intelligence (AI) and big data. The two formulations are custom-made to work for each individual's skin type and lifestyle, as well as environmental conditions. In October 2021, LMVH, a French-based manufacturer of luxury goods, acquired Officine Universelle Buly for an undisclosed amount. This acquisition enables LVMH to maintain its commitment to its distinctive expertise and personality while growing and developing within a prominent luxury company. Universelle Buly is a France-based company that specializes in premium beauty products. Major players in the premium cosmetics market are Avon Products Inc., Chanel S.A., Coty Inc., KAO Corporation, L'Oréal S.A., LVMH, Oriflame Cosmetics Global SA, Revlon Inc., Shiseido Company Ltd., The Estée Lauder Companies Inc., Elizabeth Arden Inc., Dior Beauty, The Procter & Gamble Company (P&G), Ralph Lauren Corporation, Unilever PLC, and Yves Rocher International. Asia-Pacific was the largest region in the premium cosmetics market in 2021. Asia-Pacific is expected to be the fastest growing region in the global premium cosmetics market during the forecast period. The regions covered in the global premium cosmetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the premium cosmetics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global premium cosmetics market is segmented - 1) By Product Type: Skin Care, Hair Care, Fragrances and Perfumes, Sun Care, Baby Care, Others 2) By Nature: Natural and Organic, Conventional 3) By Gender: Male, Female, Unisex 4) By Distributional Channel: Offline, Online

The waterless cosmetics market consists of sales of waterless cosmetics by entities (organizations, sole traders, and partnerships) that are used for healthier, more sustainable alternatives in cosmetics. Waterless cosmetics refer to beauty products that are free from water, using soothing botanical ingredients that help with the application, hydration, texture, and dissolving of water-soluble actives (like vitamin C) so they work better on the skin. They use soothing botanical ingredients and nourishing oils while reducing the need for preservatives and unnecessary fillers. The main types of waterless cosmetics are skincare, haircare, makeup, and others. Waterless cosmetics skincare refers to a set of activities conducted for the development and sales of waterless cosmetics for skincare. The waterless skincare products are offered in bars, powders, sheets, and sticks that can be used without water. The various price ranges of these products are economy, mid-range, and premium. These are distributed through online retailers, speciality stores, hypermarkets/supermarkets and others for various customer orientations, including men, women, and unisex. The waterless cosmetics market research report is one of a series of new reports from The Business Research Company that provides waterless cosmetics market statistics, including waterless cosmetics industry global market size, regional shares, competitors with an waterless cosmetics market share, detailed waterless cosmetics market segments, market trends and opportunities, and any further data you may need to thrive in the waterless cosmetics industry. This Waterless cosmetics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global waterless cosmetics market size is expected to grow from $7.30 billion in 2021 to $8.31 billion in 2022 at a compound annual growth rate (CAGR) of 13.9%. The global waterless cosmetics market size is expected to grow to $13.03 billion in 2026 at a CAGR of 11.9%. Rising demand for chemical-free cosmetics is expected to propel the growth of the waterless cosmetics market going forward. Chemical-free is a term used in marketing to mean that a product is safe, healthy, or environmentally friendly because it contains only natural ingredients. Clean products or chemical-free cosmetics are those that are environment-friendly, notable for their ingredients, and free of parabens, phthalates, sulfates, and more. For instance, according to Mint, a financial daily newspaper, in March 2021, Lotus Herbals, an Indian-based cosmetics manufacturer, announced its entry into the clean beauty category with Lotus Botanicals, which will have a range of chemical-free skin and hair care products. The company said the chemical-free cosmetics or the organic beauty market is expected to grow to $54 billion by 2027. Therefore, the rising demand for chemical-free cosmetics is driving the growth of the waterless cosmetics market. The rise in technological advancement is a key trend gaining popularity in the waterless cosmetics market. Major companies operating in the waterless cosmetics sector are focused on new technological innovations to gain a competitive advantage. For instance, in January 2021, L’Oréal, a France-based personal care company, launched Perso, an (artificial intelligence) AI-powered device that formulates and dispenses personalized skincare, lipstick, and foundation. The Perso app processes user skin condition data via uploaded selfies, environmental conditions via location data, and user-entered skin care concerns and outputs custom formulas via the device. In February 2020, Beiersdorf, a Germany-based personal care manufacturer, acquired Stop The Water While Using Me! for an undisclosed amount. With this acquisition, they are jointly enhancing the effectiveness of sustainable skincare and promoting climate and resource conservation efforts. Stop The Water While Using Me! is a Denmark-based manufacturer and retailer of premium waterless cosmetic products. Major players in the waterless cosmetics market are Clensta International Pvt. Ltd., Kao Corporation, Ktein Cosmetics, L'Oréal SA, Loli Beauty, Niconi Ltd., Ruby’s Organics, Taiki USA, The Procter & Gamble Company, The Waterless Beauty Company, Unilever Plc., Pinch of Colour LLC, True Botanicals Inc., Allies Group Pte. Ltd., Ethique Inc, Carter + Jane, Allies Group Pte. Ltd., Azafran Innovacion Ltd., Lavedo Cosmetics, May Coop, Vapour Organic Beauty Inc., Biomod Concepts Inc., Bobbi Brown Cosmetics, Cult Beauty, Deciem, Dermatologic Cosmetic Laboratories, Glow Recipe, and Headboy Industries. Asia-Pacific was the largest region in the waterless cosmetics market in 2021. The regions covered in the global waterless cosmetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the waterless cosmetics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global waterless cosmetics market is segmented - 1) By Type: Skincare, Haircare, Makeup, Others 2) By Price Range: Economy, Mid-Range, Premium 3) By Customer Orientation: Men, Women, Unisex 4) By Distribution Channel: Online Retailers, Speciality Stores, Hypermarkets/Supermarkets, Others

The alarm monitoring market consists of sales of alarm monitoring hardware, software, and services by entities (organizations, sole traders, and partnerships) that are used to frighten intruders away from the home or to warn the owner of any potentially dangerous scenario such as a fire or the presence of carbon monoxide. Alarm monitoring is a component of a comprehensive home security system. It sounds like an alarm within the home (sometimes at extremely high decibel levels, allowing you to hear it as well as your neighbours in some circumstances) and an alarm with a professional monitoring company. The control panel communicates with the other components of the system, such as the cameras, window and door sensors, and motion sensors, to identify an intruder or something amiss. The main types of offerings in alarm monitoring are hardware, software, and services. The systems and hardware are used by various organizations to increase their information technology capacities. The systems and hardware market includes all the parts inside the computer case, such as the CPU, hard disk drive, graphics cards, sound cards, RAM, power supply unit, and motherboard. The several input signals include analog signals, discrete signals, and protocol signals. The different communication technologies include wired telecommunication networks, cellular wireless networks, wireless radio networks, and IP networks, which are used in applications such as equipment monitoring, vehicle alarm monitoring, building alarm monitoring, and environmental monitoring. The alarm monitoring market research report is one of a series of new reports from The Business Research Company that provides alarm monitoring market statistics, including alarm monitoring industry global market size, regional shares, competitors with an alarm monitoring market share, detailed alarm monitoring market segments, market trends and opportunities, and any further data you may need to thrive in the alarm monitoring industry. This alarm monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global alarm monitoring market size is expected to grow from $49.24 billion in 2021 to $52.45 billion in 2022 at a compound annual growth rate (CAGR) of 6.5%. The global alarm monitoring market size is expected to grow to $64.97 billion in 2026 at a CAGR of 5.5%. The increasing awareness of home security is expected to drive the growth of the alarm monitoring market going forward. Due to the rise in the number of thefts and burglaries, awareness among households to ensure home security levels and commercial spaces is rising. Alarm monitoring is one of the fastest means for a detailed connection between the home security system and the security provider's central station. For instance, according to a report by SafeWise, a US-based home security company, 18% of Americans report their personal experience of property crime in 2020, and 42% believe that property crime can occur to them. Therefore, increasing awareness of home security is driving the demand for the alarm monitoring market. Product innovation is the key trend gaining popularity in the alarm monitoring market. Major companies operating in the alarm monitoring market are focused on developing technologically advanced products to strengthen their market position. For instance, in 2019, ABB Ltd, a Sweden-based company specializing in alarm monitoring solutions, launched a new hazard detection device consisting of a USB stick and a new detector, providing ultimate security and control both at home and remotely. The new alarm stick connects to the ABBfree @home system access point via USB and communicates wirelessly with the detector using the VdS 3515 certified detector protocol, greatly simplifying the integration process. The company used its knowledge of smart home solutions to create the market's first solution to integrate carbon monoxide detectors (CO) detectors. In December 2021, Securitas Inc., a Sweden-based security services provider, acquired Supreme Security Systems for a deal amount of $20 million. Through this acquisition, Securitas would be able to increase its service capabilities and client offering in the northeast US. This also aligns with the company’s aim to double the size of its security business by 2023. Supreme Security Systems is a US-based electronic security system company that provides alarm monitoring services. Major players in the alarm monitoring market are ADT Security Services, Honeywell International Inc., Securitas AB, United Technologies Corporation, Schneider Electric, Johnson Controls, Vivint Smart Home Inc., Vector Security Inc., Robert Bosch GmbH, ABB Ltd., Stanley Security, Siemens AG, Rockwell Automation Inc., Diebold Nixdorf, Tyco International Plc, CPI Security System Inc., FrontPoint Security Solutions LLC, Samsung Electronics Co Ltd., Slomin's Inc., Comcast Corporation, Sector Alarm AS, Engineered Protection Systems Inc., Trigion Security Services Ltd., AT&T Inc., Ademco (Far East) Pte Ltd., Chubb Community Care, Global Security Solutions, and Guardian Protection Services Inc. North America was the largest region in the alarm monitoring market in 2021. The regions covered in the global alarm monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the alarm monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global alarm monitoring market is segmented - 1) By Offering: Hardware, Software, Services 2) By Communication Technology: Wired Telecommunication Network, Cellular Wireless Network, Wireless Radio Network, IP Network 3) By Input Signal: Analog Signal, Discrete Signal, Protocol Signal 4) By Application: Equipment Monitoring, Vehicle Alarm Monitoring, Building Alarm Monitoring, Environment Monitoring

The autonomous forklift market consists of sales of autonomous forklift products by entities (organizations, sole traders, and partnerships) that are used for automating the materials handling process in warehouses. Autonomous forklifts are driverless forklifts that utilize automated guided vehicles and systems technology. These forklifts can be used for various operations such as lifting, transporting, putting away, or carrying loads in warehouses and other locations. In addition, this equipment reduces operating costs and improves work efficiency in warehouses. The main types of autonomous forklift are indoor and outdoor. The term "indoor autonomous forklift" refers to autonomous forklifts that are used indoors for pallet movement in warehouses, distribution centers, and other indoor material storage places. Indoor forklifts have a smaller turning radius, which makes them suitable for movement even inside smaller facilities. The different components include hardware, software, and services and involve several navigation technologies such as laser guidance, magnetic guidance, vision guidance, inductive guidance, optical tape guidance, and others. It is used in manufacturing, warehousing, material handling, logistics & freight, and other applications. The autonomous forklift market research report is one of a series of new reports from The Business Research Company that provides autonomous forklift market statistics, including global market size, regional shares, competitors with an autonomous forklift market share, detailed autonomous forklift market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous forklift industry. This autonomous forklift market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global autonomous forklift market size is expected to grow from $5.22 billion in 2021 to $5.82 billion in 2022 at a compound annual growth rate (CAGR) of 11.6%. The global autonomous forklift market size is expected to grow to $8.26 billion in 2026 at a CAGR of 9.1%. The increasing demand for automated warehouses is expected to drive the growth of the autonomous forklift market going forward. Automated warehouses refer to the systems used for warehouse operations with automated material handling equipment integrated with artificial intelligence and robotics. Manufacturers are adopting autonomous forklifts for their operations as they offer a significant improvement in productivity, reduce product damage, improve safety and efficiency, and reduce labor costs. These benefits have encouraged industries to embrace the use of autonomous forklifts, thereby increasing their demand. For instance, in December 2021, according to Conveyco, a UK-based material handling equipment supplier, at least 6,20,000 shipments of various warehouse automation technologies were shipped worldwide. Therefore, the increasing demand for automated warehouses is driving the demand for autonomous forklifts. New product innovation is the key trend gaining popularity in the autonomous forklift market. Major companies operating in the autonomous forklift market are focused on developing technologically advanced products to strengthen their market position. For instance, in March 2022, OTTO Motors, a US-based self-driving technology company, introduced the OTTO Lifter, the smartest autonomous forklift on the market. This new technology is designed to automatically pick up and drop off pallets. In complex contexts, the OTTO Lifter can make real-time decisions and can find a pallet if it is tilted, modify behavior in extremely dynamic surroundings, and determine the optimal route on its own, unlike other autonomous forklifts on the market. The OTTO Lifter smoothly navigates traffic and obstacles with dynamic path planning, lane tending, intelligent pallet detection, and stretch-wrap piercing to deliver products to the right place, at the right time. In October 2019, Teradyne Inc., a US-based test equipment company, acquired AutoGuide Mobile Robots for a deal amount of $165 million. This acquisition would enable Teradyne to offer customers a broader range of high-performance material handling and transportation solutions. AutoGuide Mobile Robots is a US-based manufacturer of heavy-duty industrial autonomous mobile robots and automated guided vehicles for assembly, including autonomous forklifts. Major players in the autonomous forklift market are Hangcha Group Co, Hyster-Yale Material Handling Inc, Jungheinrich AG, KAUP GmbH & Co, Linde Material Handling, Toyota Industries Corporation, Komatsu Ltd, Crown Equipment Corporation, Doosan Corporation, Mitsubishi Logisnext Co Ltd, CLARK, Combilift Material Handling Solutions, OTTO Motors, Balyo Robotic, Agilox Services GMBH, STILL GmbH, ONECRANES, Manitou Group, Lonking Machinery Co. Ltd., Hyundai Heavy Industries Group, Anhui Heli Co., and Anhui Yufeng Equipment Co. Asia-Pacific was the largest region in the autonomous forklift market in 2021. North America is expected to be the fastest-growing region in the global autonomous forklift market during the forecast period. The regions covered in the global autonomous forklift market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the autonomous forklift market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global autonomous forklift market is segmented - 1) By Type: Indoor, Outdoor 2) By Component: Hardware, Software, Service 3) By Navigation Technology: Laser Guidance, Magnetic Guidance, Vision Guidance, Inductive Guidance, Optical Tape Guidance, Others 4) By Application: Manufacturing, Warehousing, Material handling, Logistics and Freight, Others

The dunnage packaging market consists of sales of dunnage packaging products by entities (organizations, sole traders, and partnerships) that are used to provide cushioning and protection to packaged commodities by ensuring maximum safety during logistics. Dunnage packaging refers to the packaging of commodities such as food and beverages, healthcare, consumer durables, and others with corrugated plastics, fabric, molded plastic, wood, foam, and other materials that prevent damage to goods in the container or in carrying vehicles during transportation. It helps to keep goods in a particular place during the process of logistics. The main types of dunnage packaging are dunnage air bags, inserts, dividers, packaging peanuts, and other product types. The dunnage airbag market refers to packaging that uses small airbags for dunnage packaging for filling void spaces and making goods intact while transiting. Dunnage airbags are small plastic bags filled with air that provide a cushioning effect during the logistics of small items. The various types of materials include corrugated plastic, molded plastic, foam, steel, aluminum, wood, fabric dunnage, corrugated paper, and others that are used in several industries such as automotive, aerospace, electronics, food and beverages, consumer durables, healthcare, and others. The dunnage packaging market research report is one of a series of new reports from The Business Research Company that provides dunnage packaging market statistics, including dunnage packaging industry global market size, regional shares, competitors with a dunnage packaging market share, detailed dunnage packaging market segments, market trends and opportunities, and any further data you may need to thrive in the dunnage packaging industry. This dunnage packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global dunnage packaging market size is expected to grow from $2.99 billion in 2021 to $3.25 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The global dunnage packaging market size is expected to grow to $4.18 billion in 2026 at a CAGR of 6.5%. The rise in the logistics sector is significantly contributing to the growth of dunnage packaging. Logistics is the transportation of goods from one place to another in a protected manner. Dunnage packaging is commonly used in logistics due to its various advantages, such as shock-absorbing properties, cushioning and padding of commodities packed, moisture protection, easy handling of heavy items, air circulation, and others that protect sensitive items from filling void spaces and making goods intact in transit. For instance, in 2020, according to the Council of Supply Chain Management Professionals, a US-based council, the United States business logistics costs (USBLC) stood at around 7.4% of the gross domestic product (GDP), which was $20.94 trillion. Additionally, in e-commerce, purchases have grown by 33% to $792 billion as compared to the year 2019, which represents a total of 14% of the retail sector. E-commerce provides the logistics of commodities or products picked up in stores. Therefore, the rise in the logistics sector is driving the growth of the dunnage packaging market. New product innovation is the key trend gaining popularity in the dunnage packaging market. Organizations providing dunnage packaging are increasingly focusing on developing new packaging solutions that could give better solutions and services to various industries operating in the logistics business. For instance, in May 2021, ORBIS Corporation, a subsidiary of Menasha Corporation, a US-based company operating in dunnage packaging solutions, reusable plastic containers, pallets, and bulk systems for logistics, launched its smoothest and finest fabric material for dunnage packaging called PolySilk. PolySilk is a non-woven lightweight fabric material for dunnage packaging that has been added to the ORBIShield textile materials portfolio. It provides a cost-effective single reusable dunnage packaging solution for the packaging and transportation of light-weighted materials such as chrome, extra-delicate class-A components, and painted parts. In February 2020, Nefab AB, a Sweden-based company operating as an industrial packaging provider, acquired Szkaliczki & Partners Holding Ltd for an undisclosed amount. Through this acquisition, Nefab AB aims to strengthen its product portfolio in packaging and logistics, which would lead to gaining a leadership position in the packaging market. Szkaliczki & Partners Holding Ltd. is a Hungary-based company operating in packaging solutions. Major players in the dunnage packaging market are DS Smith, ORBIS Corporation (Menasha Corporation), Schoeler Allibert AB, Myers Industries, Nefab Group, UFP Technologies, Reusable Transport, Amatech Inc., MJSolpac Ltd., Rehrig Pacific Company, Ckdpack, GWP Group, Interior Packaging Design LLC., Packaging Corporation of America, Dunnage Engineering, Salco Engineering and Manufacturing Co. Inc., KEENER Corporation, Package Design & Mfg., JIDA Industrial Solutions, Artisanz Fabrication and Machine LLC., Dordan Manufacturing Company, PolyFlex Products Inc, Thermoflex LLC, Brown Machine LLC, Sohner Plastics LLC, Sonoco Products Company, Great River Plastics LLC, and Electro-General Plastics Cor and Rohrer Corporation. North America was the largest region in the dunnage packaging market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global dunnage packaging market during the forecast period. The regions covered in the global dunnage packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the dunnage packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global dunnage packaging market is segmented - 1) By Product: Dunnage Air Bags, Inserts, Dividers, Packaging Peanuts, Others 2) By Material: Corrugated Plastic, Molded Plastic, Foam, Steel, Aluminum, Wood, Fabric Dunnage, Corrugated Paper, Others 3) By End-User Industry: Automotive, Aerospace, Electronics, Food and Beverages, Consumer Durables, Healthcare, Others