Transport Services Industry Overview

The cash logistics market consists of sales of the cash logistics by entities (organizations, sole traders, and partnerships), that is used for the physical movement as well as handling of cash from one location to another. Cash logistics refers to transporting cash from client points to the cash processing centers, where it is counted, checked, inspected, and transferred into the client's account. It primarily manages, transmits, and protects funds by removing risks and exposing them to the public. The main types of cash logistics are cash management, cash-in-transit, and ATM services. Cash management involves collecting and managing cash flows from the operating, investing, and financing activities of a company which includes activities like specializing in ATM cash replenishment, CIT, retail cash management, such as doorstep banking, as well as complete line maintenance, cash processing, and vaulting services are all available. The different modes of transit include roadways, railways, and airways. These are used in financial institutions, retailers, government agencies, hospitality, and other end-users. The cash logistics market research report is one of a series of new reports from The Business Research Company that provides cash logistics market statistics, including cash logistics industry global market size, regional shares, competitors with a cash logistics market share, detailed cash logistics market segments, market trends and opportunities, and any further data you may need to thrive in the cash logistics industry. This cash logistics 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 cash logistics market size is expected to grow from $16.62 billion in 2021 to $18.72 billion in 2022 at a compound annual growth rate (CAGR) of 12.6%. The global cash logistics market size is expected to reach $25.27 billion in 2026 at a CAGR of 7.8%. The rise in deployment of ATMs is expected to propel the growth of the cash logistics market going forward. An ATM stands for automated teller machine. It is a financial transaction machine and an automatic banking platform that doesn't require a teller or a human cashier for the circulation of physical cash. The process of collecting, managing, and depositing cash at an ATM, which is outsourced by banks to users, is known as cash logistics. For instance, according to the Reserve Bank of India, in India, the number of ATMs installed increased from 2.21 lakhs at the end of March 2019 to 2.32 lakhs at the end of December 2019 and by March 2021, the country's total number of ATMs had risen to 2.34 lakhs. Also, there were 213,575 bank ATMs in March 2021, which was 1.3% up from March 2020. Therefore, the rising development of ATMs is driving the growth of the cash logistics market. The introduction of mobile ATMs is a key trend gaining popularity in the cash logistics market. Major companies operating in the cash logistics market are focused on introducing mobile ATMs to meet consumer demand and strengthen their position. For instance, in May 2021, in India, HDFC Bank, an Indian banking and financial services company deployed mobile Automated Teller Machines (ATMs) to help clients and provide innovative services. The mobile ATMs would eliminate the need for people to withdraw cash in limited or sealed locations. Also, in 2021, HDFC Bank has implemented mobile ATMs in approximately 50 cities in India. Bengaluru is the bank's 25th city to receive Mobile ATMs in 2021. Customers can complete over 15 different sorts of transactions using the mobile ATM, which will be available for a limited time at each location. In April 2021, Allied Universal, a US-based provider of security systems and services acquired G4S for a deal amount of £3.8billion ($4.007 Billion). With this acquisition, Allied Universal would become the third-largest employer in North America and a global leader in integrated security, offering customers an unrivaled breadth of competence and new prospects. G4S is a UK-based company that offers secure, physical transportation of money, including banknotes and coins, from one place to another. Major players in the cash logistics market are Cash Logistics Security AG, CMS Info Systems Ltd, GardaWorld Corporation, Global Security Logistics Co, General Secure Logistics Services (GSLS), The Brink’s Company, Lemuir Group, Loomis AB, Prosegur, Dunbar International, Global Security Logistics Co., Security and Intelligence Services, Allied Universal, and MPS Security. Asia-Pacific was the largest region in the cash logistics market in 2021. The regions covered in the global cash logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the cash logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global cash logistics market is segmented - 1) By Service: Cash Management, Cash-In-Transit, ATM Services 2) By Mode of Tranisit: Roadways, Railways, Airways, Others 3) By End-User: Financial Institutions, Retailers, Government Agencies, Hospitality, Others

The noise, vibration & harshness (NVH) testing market consists of sales of NVH testing products and related services by entities (organizations, sole traders, and partnerships) to enhance comfort, vehicle performance, and brand recognition. NVH is also known as noise, vibration, and harshness and it creates an unwanted sound, discomfort, and unwanted disturbance in vehicles. NVH testing refers to measuring, modifying, and optimizing the noise and vibration characteristics of vehicles by providing noise reduction and quality assurance of interior and exterior noise to reduce noise pollution. The main types of NVH testing are hardware and software. NVH testing hardware equipment provides noise reduction and quality assurance of interior and exterior noise to reduce noise pollution. The different applications are impacted hammer testing and powertrain NVH testing, environmental noise measurement, pass-by noise testing, noise source mapping, sound intensity measurement and sound quality testing, building acoustics, mechanical vibration testing, and product vibration testing and are used in various sectors such as automotive and transportation, aerospace and defense, power generation, consumer electronics, construction, and other end-users. The NVH testing market research report is one of a series of new reports from The Business Research Company that provides NVH testing market statistics, including NVH testing industry global market size, regional shares, competitors with a NVH testing market share, detailed NVH testing market segments, market trends and opportunities, and any further data you may need to thrive in the NVH testing industry. This NVH testing 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 noise, vibration & harshness testing market size is expected to grow from $1.89 billion in 2021 to $2.01 billion in 2022 at a compound annual growth rate (CAGR) of 6.1%. The global NVH testing market size is expected to grow to $2.56 billion in 2026 at a CAGR of 6.3%. Government regulations to reduce noise pollution are significantly driving the growth of the noise, vibration, and harshness (NVH) testing market. Noise pollution refers to unwanted and long-term noise levels that lead to adverse effects on humans and other wildlife organisms. Noise pollution is hazardous and causes a variety of health issues such as sleep disturbance, hypertension, hearing loss, dementia, psychological dysfunctions, and affects the cardiovascular and metabolic system. Governments are working on policy planning and regulations building globally to control noise pollution and control and optimize noise pollution advanced noise, vibration, and harshness testing products and services are required. For instance, in July 2021, The National Planning Policy Framework was revised by the government of the UK. The National Planning Policy Framework has provisions on noise that demand the local planning policies protection against noise and identifying and protecting existing tranquil environments from noise pollution. Therefore, government regulations to reduce noise pollution are contributing to the growth of the noise, vibration, and harshness (NVH) testing market. Product innovations are the key trends gaining popularity in the noise, vibration, and harshness (NVH) testing market. Major companies operating in the NVH testing sector are focused on developing innovative products for noise, vibration, and harshness testing to strengthen their position in the market. For instance, in March 2020, Bruel & Kjaer, a Denmark-based electronics company launched version 2019.1 of NVH Simulator. This NVH Simulator new version will expand the electric and hybrid vehicle's modeling ability and other 200 improvements and enhancements. Using NVH Simulator 2019.1 the tonal harmonics in electric vehicle sound can be extracted from measurement and re-synthesized using the NVH Simulator software in real-time driver-in-the-loop simulations. In March 2019, Siemens AG, a Germany-based technology company acquired Saab Medav Technologies GmbH’s NVH testing business for an undisclosed amount. This acquisition will allow Siemens to enhance Simcenterportfolio of simulation and testing solutions used for NVH quality testing of manufactured products such as combustion engines, electric motors, axles, transmissions, and turbo chargers as well as in research and development. Saab Medav Technologies is a Germany-based noise, vibration, and harshness (NVH) industrial quality testing company that provides testing of combustion engines, electric motors, transmissions, and motor-driven systems. Major players in the noise, vibration & harshness (NVH) testing market are National Instruments Corporation, Siemens AG, Brüel & Kjær, IMC Test & Measurement GmbH, Signal.X Technologies LLC, GRAS Sound & Vibration, Prosig Ltd., Dewesoft d.o.o., Müller-BBM VibroAkustik Systeme GmbH, ECON Technologies Co. Ltd., Erbessd Instruments, Honeywell International Inc, PCB Piezotronics, and Polytec GmbH. North America was the largest region in the noise, vibration & harshness (NVH) testing market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global noise, vibration & harshness testing market during the forecast period. The regions covered in the global NVH testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the noise, vibration & harshness testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global noise, vibration & harshness (NVH) testing market report is segmented - 1) By Type: Hardware, Software 2) By Application: Impact Hammer Testing and Powertrain NVH Testing, Environmental Noise Measurement, Pass-By Noise Testing, Noise Source Mapping, Sound Intensity Measurement and Sound Quality Testing, Building Acoustics, Mechanical Vibration Testing, Product Vibration Testing 3) By End-User: Automotive and Transportation, Aerospace and Defense, Power Generation, Consumer Electronics, Construction, Others

Warehousing And Storage Market Definition

The warehousing and storage market consists of sales of warehousing and storage and related services by entities (organizations, sole traders and partnerships) that operate warehousing and storage facilities for bonded merchandise, general merchandise, refrigerated goods, and other products. Warehouses are planned spaces designed for storage and handling of goods and materials. They are an essential service for the operations of many businesses. In practice, many goods are produced in long production runs and shipped in huge lots to warehouses closer to the end-user market, where they are stored until distribution. The key activities carried out by warehousing and storage firms includes material receiving and incoming inspection (visual inspection, order fulfillment, picking & packing, and shipping) and inventory management (manual and automated techniques). The additional functions carried out by warehousing firms include the protection of goods, financing, processing, grading & branding, and others. The storage activity refers to the holding of a significant amount of inventory for a certain period of time. In warehouses, the storage of goods happens for different lengths of time at different locations, based on the purpose of storage. Storage is of two types long-term or semi-permanent storage and short-term or temporary storage.

Transit And Ground Passenger Transport Market Definition

The transit and ground passenger transport market consists of sales of transit and ground passenger transportation services and related goods by entities (organizations, sole traders and partnerships) that provide a variety of passenger transportation services, such as urban transit systems, chartered buses, school buses, and interurban bus transportation. The transit and ground passenger transport market includes commuter rail and public bus services; taxi and limousine services; school and employee bus services; charter bus services and other transit and ground passenger transportation. Urban transit systems, chartered bus, school bus, employee bus, rail and taxis are all part of the transit and ground passenger transport market. These services are defined primarily by criteria related to vehicle kinds, routes, and schedules. The transit and ground passenger transport service providers may buy or lease taxis, buses and other vehicles from a third party to provide transportation services to individuals, schools, and employees. The service providers can even lease an existing fleet of vehicles and manage its operations. The services may be charged on a monthly, quarterly, or yearly basis as per the contract.

Online Food Delivery Services Market Definition

The online food delivery services market consists of sales of online food delivery services by entities (organizations, sole traders and partnerships) that deliver all kinds of cooked or ready to eat food for household consumption that are sold through online mediums. Online food delivery services require customers to order food from a website or other online application and get their food delivered to their door step. The delivery by online food delivery services can follow several processes, such as delivering food ordered directly from restaurants’ websites or through a third-party online delivery site that may feature menus of many different restaurants. Online food delivery service is also known as courier service where the restaurants, stores or third-party online food delivery applications deliver food to consumers on demand. An online food delivery service involves delivering various types of food items to the customers including cooked dishes from restaurant as well as meal boxes. Online food delivery services are evolving in urban areas with the development of financial technologies and growing demand for tech-savvy users. Online food delivery services offer multiple benefits to the users including ease of payment, convenience of mobile ordering, a seamless process, extra discounts and offers, and access to multiple restaurants and stores from home. Consumers choosing a food delivery service should have an internet capable device to handle complicated web pages and applications to make orders.

The load monitoring system market consists of the sales of load monitoring technologies by entities (organizations, partnerships, and sole proprietors) that are used to facilitate the energy savings by highlighting situations of non-efficient electricity use leading toward the corrective measures. The load cell is a force transducer that converts an input mechanical force such as weight, load, compression, tension, or pressure into another electrical output signal or physical variable that can be measured, converted, and standardized. As the force applied to the force sensor increases, the electrical signal also increases proportionally. The main types of technologies in load monitoring systems are analog load cells and digital load cells. Analog load cells measure stress and weight strain which is the most popular form of load cell used. A digital load cell transmits data from each load cell, compared to analog systems. The load monitoring systems are used in the automotive industry, healthcare industry, marine industry, construction industry, aerospace industry, and oil and gas industry. The global load monitoring system market size is expected to grow from $2.7 billion in 2021 to $2.82 billion in 2022 at a compound annual growth rate (CAGR) of 4.3%. The global load monitoring systems market size is expected to grow to $3.39 billion in 2026 at a CAGR of 4.7%. The increasing demand for digital load cells significantly drives the growth of the load monitoring system market. Digital load cells are used to measure pressure or force that can be built to perform virtually any force measuring task, regardless of the weight, size, and cost of the final product. Compared with the conventional model, The Checkweigher I-Series reduces power consumption by 30% and the number of components reduced by 10%, thereby minimizing the impact on the environment. The increasing demand for digital load cells by different end-use industries is expected to increase the adoption of IoT, higher accuracy, digitization, and increasing demand for precision weighing in heavy lifting applications. Internet-of-Things (IoT) adoption is a key trend gaining popularity in the load monitoring system market. Major companies operating in the load monitoring sector are focused on developing IoT solutions to strengthen their position. The growing adoption of automation and industrial IoT is aimed to increase the demand for load cell controllers and indicators. The indicators and controllers help the users to understand the load measurements and carry out further activities. Industrial IoT incorporates big data and machine learning technologies to harness the sensor data, M2M communication, and Automation technologies. IIoT bridges the gap between legacy industrial infrastructure and modern technologies such as edge computing, cloud, mobile, and machine learning. IIoT helps industries optimize industrial operations to increase productivity and efficiency. In March 2021, Mettler-Toledo International Inc, a US-based company that provides precision instruments and services acquired PendoTECH for $0.205 billion. Through this acquisition, PendoTECH will be part of Mettler-Toledo International Inc. PendoTECH is a US-based manufacturer and distributor of single-use sensors, transmitters, control systems, and software for measuring, monitoring, and data collection primarily in bioprocess applications. Major players in the load monitoring system market are Flintec, Mettler Toldo, Precia Molen, Spectris, Vishay Precision Group, JCM Load Monitoring Ltd, Keli Electric Manufacturing, LCM Systems, Dynamic Load Monitoring, Load Monitoring Systems, Straightpoint, Wirop Industrial., Futek Advanced Sensor Technology, Euroload, MinebeaMitsumi, Yamato Scale, ZEMIC, Standard Loadcells, Strainsert and Thames Side Sensors. Europe was the largest region in the load monitoring system market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global load monitoring systems market during the forecast period. The regions covered in global load monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the load monitoring system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global load monitoring system market is segmented - 1) By Offering: Load Cell, Indicator and Controller, Data Logging Software 2) By Technology: Analog Load Cells, Digital Load Cells 3) By End-User Industry: Automotive Industry, Healthcare Industry, Marine Industry, Construction Industry, Aerospace Industry, Oil and Gas Industry

The traction battery market consists of sales of traction batteries by entities (organizations, sole traders, and partnerships) that is a type of rechargeable battery used to power the electric motor in a hybrid electric vehicle or battery electric vehicle. The traction battery is an assembly of accumulators that consists of the storage of energy used to power the traction motor. The design of a traction battery standard is crucial for ensuring extended and trouble-free service life. The main types of products in traction batteries are lead acid-based, Li-ion-based, nickel-based, and others. The Li-ion base battery consists of lithium-ion as a component. These are used in industrial trucks originally designed to be powered by lead-acid batteries. These have different capacities that include less than 100 AH, 100-200 AH, 200-300 AH; 300-400 AH, 400 AH, and above and are used in various applications such as an electric vehicles (EV), hybrid electric vehicles (HEV), industrial, forklift, mechanical handling equipment, others. The global traction battery market size is expected to grow from $27.61 billion in 2021 to $31.88 billion in 2022 at a compound annual growth rate (CAGR) of 15.5%. The global traction batteries market size is expected to grow to $52.29 billion in 2026 at a CAGR of 13.2%. The rising demand for electric vehicles is expected to fuel the growth of the traction battery market going forward. Electric vehicles are environmentally friendly vehicles that are powered by electric power. The electric vehicle uses traction batteries to power the electric motor of the battery electric vehicle. For instance, according to International Energy Agency, a France-based autonomous intergovernmental organization, in the year 2020, the global electric car stock reached 10 million, a 43% increase over 2019. Also, according to Bloomberg New Energy Finance (BNEF), EVs are expected to hit 10% of global passenger vehicle sales by 2025, rising to 28% in 2030 and 58% in 2040 Therefore, the rising demand for electric vehicles is driving the growth of the traction battery market. The growing technological advancements are a key trend gaining popularity in the traction battery market. Major companies operating in the traction battery sector are focused on developing new technological solutions to provide cost-effective batteries and strengthen their position. For instance, in October 2019, Ecovolta, a Switzerland-based battery system manufacturer launched evoTractionBattery based on Li-ion technology. The new evoTractionBattery can replace lead-acid batteries due to the standardized lithium-ion solution, cutting the costs per charge cycle by up to 50%. These batteries can be monitored individually via the cloud, making it simple to verify battery data and manage to charge remotely. In August 2021, Concentric LLC, a US-based leader in DC power management for the material handling and critical power industries acquired Stangco Industrial Equipment Inc. for an undisclosed amount. Through this acquisition, Concentric expects to extend its footprint, particularly its Forklift (Motive) Power presence, across southern California and the west coast market. The acquisition further reinforces Concentric's ambition to create the only nationwide service organization capable of providing consistency for material handling customers from coast to coast. Stangco Industrial Equipment Inc. is a US-based manufacturer of traction batteries, industrial equipment batteries, forklifts, GSE, an ice rink, and sweeper batteries. Major players in the traction battery market are Amara Raja Batteries, BAE Batterien GmbH, Banner Batterien, BYD Company, Coslight Technology International Group Co. Ltd., East Penn Manufacturing Company, Enersys, Exide Industries Limited, GS Yuasa International Ltd., HOPPECKE Carl Zoellner & Sohn GmbH, Mutlu Incorporated, Sunlight, C&D Technologies Inc., Chaowei Power Holdings Limited, Leoch International Technology Limited Inc., and Sebang Global. North America was the largest region in the traction battery market in 2021. The regions covered in the global traction battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the traction battery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global traction battery market is segmented - 1) By Product Type: Lead Acid Based, Li-Ion Based, Nickel Based, Others 2) By Capacity: Less than 100 Ah, 100-200 Ah, 200-300 Ah, 300-400 Ah, 400 Ah and Above 3) By Application: Electrical Vehicle (EV), Hybrid Electric Vehicles (HEV), Industrial, Forklift, Mechanical Handling Equipment, Others

The prepared meal delivery market consists of sales of prepared meals by entities (organizations, sole traders, and partnerships) that provide prepared meals through subscription-based business model in which companies send clients ready-to-cook fresh ingredients for home-cooking meals. Prepared-meal delivery services are convenient, consisting of meals that can be simply reheated or cooked instantly and consumed, with minimum cooking, cutting, or cleaning required. The main types of supplies in the prepared meal delivery market are cook and eat and heat and eat. Cook-and-eat meals provide customers the taste of a home-cooked meals where raw ingredients that have been precut, seasoned, and combined makeup cook and eat meals. The different prepared meal delivery services include one and several, available through online and offline platforms. The global prepared meal delivery market size is expected to grow from $10.29 billion in 2021 to $11.68 billion in 2022 at a compound annual growth rate (CAGR) of 13.5%. The global prepared meal deliveries market size is expected to grow to $19.64 billion in 2026 at a CAGR of 13.9%. Increasing preference for junk meals by the working population and students is the major driving factor of the prepared meal delivery market. Junk meals are pre-prepared or packaged food are extremely convenient and can be consumed immediately. The meal kit delivery industry has been a big success because it appeals to consumers who want to cook their own food without having to go grocery shopping. These are popular with busy parents, millennials, individuals juggling several jobs, working couples, and people with particular diet needs who prefer pre-planned items or meals so they can create meals quickly. Hence, preference for junk meals is driving the growth of the prepared meal delivery service market. Contactless delivery is the new trend gaining popularity in the prepared meal delivery market. As the COVID-19 pandemic continues to wreak havoc over the globe, social separation will remain a well-established way of life. Food outlets are embracing innovative food delivery platforms to drive seamless contactless deliveries, keeping the safety of customers and delivery personnel in mind. For example, Zomato, an India-based food delivery company, and Swiggy, an Indian-based food delivery company have started contactless delivery in 2020. Domino’s Pizza, a Michigan-based pizza delivery chain has also started a no-contact pizza delivery service in the year 2020. In November 2020, HelloFresh, a Germany-based meal kit subscription company acquired Factor75, Inc., for a deal amount of $277 million. With this acquisition HelloFresh's ambition to strengthen its leading position and expand its total addressable market in the United States. The combined resources, operational excellence, and data-driven strategy will benefit both organizations. Factor75, Inc. is a USA-based provider of meal preparation and delivery services with the goal of providing a perfect mix of nutrients and flavor to improve mental and physical performance. Major players in the prepared meal delivery market are Blue Apron, EveryPlate, Freshly, Gobble, Green Chef Corporation, HelloFresh, Relish Labs (Home Chef), Hungryroot, Marley Spoon, Purple Carrot, Fresh n' Lean, Sun Basket, Factor75, Trifecta, Snap Kitchen, Daily Harvest, Splendid Spoon, Diet-To-Go, RealEats, Chef'd, Foodstirs, Green Chef, FreshDirect, Munchery, 1 Potato, PeachDish, and Terra's Kitchen. North America was the largest region in the prepared meal delivery market in 2021. Asia-Pacific was the second largest market in the global prepared meal delivery market. The regions covered in the global prepared meal delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the prepared meal delivery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global prepared meal delivery market is segmented - 1) By Supply: Cook and Eat, Heat and Eat 2) By Service: One, Several 3) By Platform: Online, Offline