Global Torque Sensor Market

The motor vehicle engine, power train, & parts market consists of sales of motor vehicle engines, power train, & parts and related services by entities (organizations, sole traders, and partnerships) that produce and/or rebuild motor vehicle transmissions and power train parts. The main types in the motor vehicle engine, power train, & parts are vehicle engine and engine parts, power train, and power train parts. The vehicle engine and engine parts refer to the vehicle engine parts that are used in motor vehicles. The various applications include passenger vehicles, commercial vehicles. These are used in OEM and aftermarket. The global motor vehicle engine, power train & parts market size is expected to grow from $715.33 billion in 2021 to $784.72 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The global motor vehicle engine and parts market size is expected to grow to $1,093.23 billion in 2026 at a CAGR of 8.6%. The motor vehicle engine, power train & part market is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments at the end-user markets, thereby driving the market during the forecast period. The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the motor vehicle engine, power train & parts market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to declining in consumer demand as many countries impose lockdowns. The outbreak continued to hurt businesses throughout 2020 and into 2021. However, it is expected that the motor vehicle engine, power train & parts market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Motor vehicle parts manufacturers are using IoT to reduce unscheduled downtimes, thereby increasing operational efficiency. IoT is a system of "connected devices" with the ability to collect and exchange data over a network without any human intervention and assistance. IoT helps motor vehicle parts manufacturers to increase their efficiency by providing real-time information about production processes. In addition, IoT can be used by automobile parts manufacturers to obtain wear and tear data that can prevent equipment failures. For instance, German car parts maker Robert Bosch signed an agreement with software company SAP to connect its manufacturing machinery, tools, and vehicles to SAP's back-end software. This IoT technology uses SAP's real-time database HANA to monitor and support the production of automobile parts. The global automotive IoT market is expected to reach 106.32 billion by 2023. According to IDC and SAP, 60 % of global manufacturers use analytics data tracked from IoT-connected devices to analyze the manufacturing processes. Major companies in the motor vehicle, engine, powertrain, and parts market include EXOR Group, Robert Bosch GmbH, Aisin Seiki Co Ltd, Toyota Motor Corp, Denso Corp, Schaeffler Technologies AG & Co KG, Continental AG, Gestamp Automoción, Tata Motor Group, and Dana Incorporated. Asia Pacific was the largest region in the motor vehicle engines, power trains, & parts market in 2021. Western Europe was the second largest market in the global motor vehicle engine, power train & parts market. The regions covered in the global motor vehicle engine, power train and parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in the motor vehicle engines, power trains, & parts markets are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global motor vehicle engine, power train & parts market is segmented - 1) By Type: Vehicle Engine and Engine Parts, Power Train and Power Train Parts 2) By Application: Passenger Vehicle, Commercial Vehicle 3) By End-Use: OEM, Aftermarket

The motor vehicle market consists of sales of motor vehicles or motor vehicle chassis and related services by entities (organizations, sole traders, and partnerships) that produce complete automobiles, light-duty motor vehicles, and heavy-duty trucks (i.e., body and chassis or unibody) or produce motor vehicle chassis only. The main types in the motor vehicle market are motorcycle and bicycle, passenger car, commercial vehicle. A commercial vehicle refers to a vehicle that is used for commercial purposes. The various fuel types include gasoline, diesel, other fuel types. These have engine capacity of <1000 cc, <1000-1500 cc, <1500-2000 cc, >2000 cc. These have propulsion types such as ic engine, and electric vehicle. The global motor vehicles market size is expected to grow from $2,154.31 billion in 2021 to $2,401.7 billion in 2022 at a compound annual growth rate (CAGR) of 11.5%. The global motor vehicle market size is expected to grow to $3,565.82 billion in 2026 at a CAGR of 10.4%. The motor vehicle market is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021.Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments at the end-user markets, thereby driving the motor vehicle market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the motor vehicles market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries impose lockdowns. The outbreak is expected to continue to hurt businesses throughout 2020 and into 2021. However, it is expected that the motor vehicles market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Motor vehicle manufacturers, especially car manufacturers, are increasingly focusing on the commercialization of cars with active window displays. The active window displays will show all key driving information on the windshield. It shows information such as navigation instructions, fuel levels information, vehicle speed, and other information. Some car manufacturers are also offering technologies that can be fixed on the dashboard of a car. For instance, during the Consumer Electronics Show (CES) 2019, some of the car manufacturers such as Hyundai and Mercedes-Benz showcased their Augmented Reality cockpits prototypes which are very similar to the active windows display. Major companies in the motor vehicle market include Volkswagen AG, Toyota Motor Corp, Daimler AG, Ford Motor Co, Honda Motor Co Ltd, Fiat Chrysler Automobiles NV, SAIC Motor Co ltd, EXOR Group, Bayerische Motoren Werke AG, and Hyundai Motor Co Ltd. Asia Pacific was the largest region in the motor vehicles market in 2021. North America was the second largest market in the global motor vehicles market. The regions covered in the global motor vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries in the motor vehicles market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global motor vehicles market is segmented - 1) By Type: Motorcycle And Bicycle, Passenger Car, Commercial Vehicle 2) By Fuel Type: Gasoline, Diesel, Others 3) By Engine Capacity: <1000 cc, <1000-1500 cc, <1500-2000 cc, >2000 cc 4) By Propulsion Type: IC Engine, Electric Vehicle Subsegments Covered: Motorcycles and Parts, Bicycles and Parts, Motor Scooters, Other Motorcycle and Bicycle, Hatchback, Sedan, Utility Vehicle, Light Commercial Vehicle, Heavy Trucks, Buses and Coaches

The motorcycle, bicycles, and parts market consist of sales of motorcycle, bicycles, and parts and related services by entities (organizations, sole traders, and partnerships) that produce motorcycles, scooters, tricycles, and similar equipment and parts. The main types in the motorcycle, bicycles and parts market are motorcycles and parts, bicycles and parts, motor scooters, other motorcycles, and bicycles. The motor scooter is referred to as a step-through frame and a platform for the rider's feet that emphasizes comfort and fuel economy. The various distribution channel include independent retailers, online sales. These are used in OEM and aftermarket. The global motorcycle and bicycle market size is expected to grow from $67.03 billion in 2021 to $72.99 billion in 2022 at a compound annual growth rate (CAGR) of 8.9%. The global motorcycle and bicycle market size is expected to grow to $98.95 billion in 2026 at a CAGR of 7.9%. Advances in technology are expected to be a continued driver of market growth in the forecast period. The global motorcycle and bicycle manufacturing industry have experienced many technological advances in the last decade and this trend is expected to intensify. According to Forbes, the ten new features to expect in vehicles in 2020 include autonomous driving, driver override systems, biometric vehicle access, comprehensive vehicle tracking, active window displays, remote vehicle shutdown, active health monitoring, four-cylinder supercars, smart and personalized in-car marketing, and reconfigurable body panels. These innovations are expected to drive the motorcycle and bicycle market during the forecast period. The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the motorcycle and bicycle market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries impose lockdowns. The outbreak continued to hurt businesses throughout 2020 and into 2021. However, it is expected that the motorcycle and bicycle market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Bicycle manufacturers are increasingly investing in the manufacture of electric bicycles that operate using rechargeable batteries. These electric bicycles serve as an eco-friendly, low-cost mode of transportation and can also be used for recreational bicycle trips, shopping, and errands. Major players are also investing in new electric bicycles equipped with internet and GPS features. For instance, in 2019, Hero Cycles, a manufacturer of bicycles and bicycle-related products, in partnership with Yamaha Motor Company launched its e-cycle named Lectro EHX20. Similarly, USA-based bike manufacturer Bulls launched three light-weight electric bicycles in 2020. The major companies in the motorcycle, bicycles, and parts market include Honda Motor Co Ltd, Hero MotoCorp Ltd, Harley-Davidson Inc., TVS Motor Company Limited, Suzuki Motor Corp, Bajaj Auto Ltd, Bayerische Motoren Werke AG, Kawasaki Heavy Industries, Accell Group N.V, and Toyota Tsusho. Asia Pacific was the largest region in the motorcycle and bicycle market in 2021. Western Europe was the second-largest region in the global motorcycle and bicycle market. The regions covered in the global bicycle and motorcycle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the motorcycle, bicycles, and parts market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global motorcycle and bicycle market is segmented - 1) By Type: Motorcycles and Parts, Bicycles and Parts, Motor Scooters, Others 2) By Propulsion Type: Internal Combustion Engine (ICE), Electric 3) By Distribution Channel: Independent Retailers, Online Sales

The vehicle engine and engine parts market consist of the sales of the motor vehicle engine and engine parts and related services used in bikes, passenger cars, racing cars, commercial vehicles, marine, agricultural equipment, and earth-moving equipment. The engine parts consist of an engine cylinder head, engine cylinder block, alternator, A/C compressor, power steering pump, flywheel, clutch assembly, clutch housing, and transmission. The vehicle engine and engine parts market does not include engines for electric vehicles. The main types in vehicle engine and engine parts are vehicle engines, vehicle engine parts. Vehicle engines are referred to as the engines that are used for vehicles and there are many engine propulsion systems involving the parts of the vehicle. The various placement types are In-line Engine, W Engine, and V-Type. The various fuel types are Gasoline (Petrol), Diesel, Gas, and Other fuel types. The global vehicle engine and engine parts market size is expected to grow from $367.04 billion in 2021 to $399.94 billion in 2022 at a compound annual growth rate (CAGR) of 9%. The global vehicle engine and engine parts market is then expected to grow to $542.1 billion in 2026 at a CAGR of 7.9%. The growth of the vehicle engine and engine parts market is restricted by the growing popularity of electric vehicles all over the world. These battery-operated cars are not only easier to maintain but also do not contribute to air pollution. The popularity of the electric car market is backed up by several government initiatives such as in Norway, the drivers of zero-emissions cars are not only exempted from road tax but also exempted from 25% VAT on sales, reduced road and ferry tolls and parking costs, and access to bus lanes. According to the reports by the International Energy Agency (IEA), the number of electric cars employed on the road reached10 million in 2020. In 2019, China remained the largest car market in the world. The market share of battery electric vehicles was 58.4 percent in March 2019. With the increasing popularity of electric vehicles, the demand for engine-operated vehicles is negatively impacted thus causing an overall fall in the demand for the vehicle engine and engine parts market. Declining sales in the automobile sector restrict the growth of the vehicle engine and engine parts market. The decline in the demand for the automobile in various economies causes lower demand for a new engine and engine part manufacturers. According to the International Organization of Motor Vehicle Manufacturers, global car sales fall by 3.1 million in 2019. In India, the Society of Indian Automobile Manufacturers stated a decline of 12.34 percent to 19,97,952 units in domestic sales was witnessed in June 2019. The companies operating in the vehicle engine and engine parts market are investing in improving the fuel efficiency in internal combustion engines. Manufacturers are producing engines that deliver higher power and improve fuel economy. Improving the fuel efficiency of vehicle engines serves as an economical solution as well as reduces the emission of harmful pollutants into the air. For instance, to improve fuel efficiency companies are investing in "direct fuel injection" technology in which the direct injection systems spray a fine mist of fuel directly into the cylinder helping keep the engine's temperature down and increasing the fuel efficiency. Following the trend in 2019, Mazada, a Japanese automaker, launched the Mazda 3 with Mazda's Skyactiv-X gas-powered Spark-Controlled Compression Ignition engine. Also as reported by the U.S Department of Energy, direct fuel injection can improve engine efficiency by 12%. Thus, with increased concerns for the environment and to provide a better value for money, companies operating in the market are investing more towards improving the fuel efficiency of the engines. In 2019, Japan-based, Honda Motor Co and Hitachi Ltd agreed to merge four of their car-parts businesses including -Hitachi Automotive Systems, Keihin Corp., Showa Corp., and Nissin Kogyo Co. The transaction was completed in two steps with Honda making a share offer to Keihin Corp., Showa Corp., and Nissin Kogyo following which Hitachi made Hitachi Automotive Systems a subsidiary. In the merger, Hitachi will own 67 percent and Honda will own the remainder. Through this merger, Honda and Hitachi will get access to resources and technology of mergers. Keihin Corp., Showa Corp., and Nissin Kogyo are Japan-based manufacturers. Keihin is a manufacturer of conventional engine components including management systems for natural gas vehicles, Showa manufactures differential gears, shafts, and other components, Nissin Kogyo specializes in the manufacturing of braking systems. Major players in the vehicle engine and engine parts market are Cummins, Toyota Motor, Denso Corporation, Delphi Automotive PLC, Federal-Mogul Corporation, Mahle GmbH, BMW AG, General Motors, Volkswagen AG, and Fiat Automobiles SpA. Asia Pacific was the largest region in the vehicle engine and engine parts market in 2021. Western Europe was the second largest market in the global vehicle engine and engine part market. The regions covered in the global vehicle engine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the vehicle engine and engine parts include Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, USA, and Australia. The global vehicle engine and engine parts market is segmented - 1) By Product Type: Vehicle Engines, Vehicle Engine Parts 2) By Fuel Type: Gasoline (Petrol), Diesel, Gas, Others 3) By Placement Type: In-Line Engine, W Engine and V-Type

The aerospace market consists of sales of aerospace equipment (including aircraft) by entities (organizations, sole traders and partnerships) that produce commercial aircraft, undertake aircraft maintenance, repair, and overhaul services, and product support and auxiliary equipment, such as radar, air traffic control towers and satellites for civilian purpose. The aerospace industry consists of companies involved in developing prototypes and the manufacturing or assembling of complete aircraft and aircraft parts for commercial purposes. This industry also includes companies that provide modifications or conversions, repair, parts replacing, and complete overhauling and rebuilding of commercial aircraft. The types of aircraft manufactured by companies in this industry include gliders, helicopters, drones, ultra-light aircraft, passenger aircraft, and private jets. The main types of aerospace are commercial aircraft, aircraft maintenance, repair, and overhaul services, aerospace support, and auxiliary equipment. The aircraft maintenance, repair, and overhaul services include maintaining, repairing, and overhauling commercial aircraft including helicopters, gliders, drones, aircraft turbines, aircraft engines, and rocket engines. The various sizes include wide-body, narrow-body, regional, and others that are operated through autonomous and manual mode. Aerospace is used by the government and private sector. The global aerospace market size is expected to grow from $247.61 billion in 2021 to $271.76 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The aerospace market is expected to reach $442.25 billion in 2026 at a CAGR of 12.9%. The overall economic growth of the emerging economies is expected to positively impact the commercial aircraft manufacturing market. Rising disposable income, a result of the economic growth, in emerging markets had a positive impact on the demand for air travel. The International Monetary Fund (IMF) stated that the global GDP growth was 5.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments for the nation's security, thereby driving the aerospace market during the forecast period. Aircraft manufacturers are using machine-learning techniques such as artificial intelligence (AI) to improve aircraft safety and quality and to improve manufacturing productivity. Machine learning algorithms collect data from machine-to-machine and machine-to-human interfaces and use data analytics to drive effective decision-making. These technologies optimize manufacturing operations and lower costs. For example, GE Aviation uses machine learning and data analytics to identify faults in engines, which increases components' lives and reduces maintenance costs. Boeing has successfully built machine-learning algorithms to design aircraft and automate factory operations. Helicopter manufacturing companies are increasingly using parts produced with carbon fiber reinforced plastics composite (CFRP) material as this material provides higher strength to helicopter parts than conventional metal parts. CFRP materials enhance the strength lower the weight of helicopters and offer higher corrosion resistance. These properties enable helicopters to handle higher loads. Major helicopter manufacturers using CFRP materials include Airbus, Boeing, and Sikorsky. Major companies in the aerospace market include Airbus Group SE, Raytheon Technologies Corporation, The Boeing Company, General Electric Company, Safran SA, General Dynamics, Rolls-Royce Holdings plc, Northrop Grumman Corp, Bombardier Inc, and Honeywell International Inc. North America was the largest region in the aerospace market in 2021. North America is expected to be the fastest growing region in the forecast period. The regions covered in the aerospace market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aerospace market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global aerospace market is segmented - 1) By Type: Commercial Aircraft, Aircraft Maintenance, Repair and Overhauling Services, Aerospace Support and Auxiliary Equipment 2) By Size: Wide-Body, Narrow-Body, Regional, Others 3) By End-User: Government, Private Sector 4) By Operation: Autonomous Aircraft, Manual Subsegments Covered: Passenger Aircrafts, Commercial Helicopters, Commercial Gliders and Drones, Aircraft Turbines, Aircraft Engines, Rocket Engines, Commercial Aircrafts MRO Services, Commercial Helicopters MRO Services, Commercial Gliders and Drones MRO Services, Aircraft Turbines MRO Services, Aircraft Engines MRO Services, Rocket Engines MRO Services, Commercial Radars, Satellites

The military helicopter market consists of sales of military aircraft by entities (organizations, sole traders, and partnerships) that produce military helicopters. A military aircraft is specifically built or converted for military missions such as transport of troops, combat search, and rescue (CSAR), medical evacuation (MEDEVAC), airborne command post, or armed with weapons for attacking ground targets. Only goods and services traded between entities or sold to end consumers are included. The main types of military helicopters are light military helicopters, medium military helicopters, and heavy military helicopters. The components and systems used are airframes, main rotor systems, anti-torque systems, electrical systems, hydraulic systems, avionics, stability augmentation systems, flight control systems, undercarriages, environmental control systems, emergency services, special-purpose systems, engines and the number of engines are single and twin. The various application includes utility military helicopter, transport military helicopter, attack/assault military helicopter, search and rescue military helicopter, multi-role military helicopter, reconnaissance and observation military helicopter. Utility military helicopters are extremely adaptable aircraft that excel in a variety of environments. These helicopters can be used for a variety of missions ranging from reconnaissance and attack to transport and evacuation. The global military helicopters market size is expected to grow from $49.93 billion in 2021 to $53.91 billion in 2022 at a compound annual growth rate (CAGR) of 8.0%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The military helicopter market is expected to reach $69.36 billion in 2026 at a CAGR of 6.5%. Increasing military expenditure contributed to the growth of the military helicopters market growth. According to the Stockholm International Peace Research Institute (SIPRI), the global military expenditure reached $1,917 billion in 2019, 3.6% up from the previous year, and the highest annual growth in expenditure since 2010. The USA, China, India, Russia, and Saudi Arabia together accounted for 62% of total global expenditure. Moreover, global military spending represented 2.2% of the global gross domestic product (GDP) in 2019. The growth in military expenditure led to an increase in the procurement of warships, submarines, aircraft, and helicopters, thereby generating higher revenues for the military helicopters market. Stringent regulations imposed on the manufacturing and maintenance of military helicopters is expected to limit the growth of the military helicopters market. The aircraft manufacturing and maintenance process is highly regulated by the government organizations of every country. According to the Journal of Aeronautics & Aerospace Engineering, the maintenance, repair, and overhaul (MRO) organizations need to be approved by aviation authorities such as European Aviation Safety Agency (EASA) and the Federal Aviation Administration (FAA). The equipment used in the manufacturing and maintenance process must be certified and licensed. This scenario is predicted to restrict the growth of the military helicopters market over the forecast period. Technological advancements in the helicopter manufacturing process is shaping the military helicopters market. The global helicopter industry is undergoing a substantial transformation in recent years. Significant technological advancements including extensive use of additive manufacturing, computation structural dynamics modeling, advanced condition-based maintenance (CBM), fly-by-wire controls, health, and usage monitoring systems (HUMS), and advanced turbine engine programs are promising big leaps in rotorcraft capabilities. For instance, in July 2019, the Russian Helicopters Holding Company announced that the company is planning to re-engineer and manufacture about 30 helicopter parts using 3D printing technology. Major players in the military helicopter market are Airbus, BAE Systems, Boeing, China Aerospace Science, and Industry Corporation, Enstrom Helicopter Corporation, Hindustan Aeronautics Limited, Korea Aerospace Industries, Leonardo S.p.A., Lockheed Martin, NHIndustries, Russian Helicopters, Textron, Turkish Aerospace Industries and Kawasaki Aerospace Company. Asia Pacific is the largest region in the military helicopters market in 2021. Western Europe is expected to be the fastest growing region. The regions covered in the military helicopter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the military helicopters market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global military helicopters market is segmented - 1) By Type: Light Military Helicopter, Medium Military Helicopter, Heavy Military Helicopter 2) By Application: Utility Military Helicopter, Transport Military Helicopter, Attack/Assault Military Helicopter, Search and Rescue Military Helicopter, Multi-Role Military Helicopter, Reconnaissance and Observation Military Helicopter 3) By Number of Engine: Single, Twin Engine 4) By Component and System: Airframe, Main Rotor Systems, Anti-Torque Systems, Electrical Systems, Hydraulic Systems, Avionics, Stability Augmentation Systems, Flight Control Systems, Undercarriages, Environmental Control Systems, Emergency Services, Special-Purpose Systems, Engines

The construction market consists of sales of construction services and related goods by entities (organizations, sole traders and partnerships) that construct buildings or engineering projects (e.g., highways and utility systems). Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The construction market includes new work, additions, alterations, maintenance, and repairs. The different types of construction are buildings construction, heavy and civil engineering construction, specialty trade contractors, land planning and development. Building construction includes the dismantling of existing structures, the construction of new structures, the addition of latest structures to existing structures, and the required modifications to existing structures to correspond to any recent additions. The different sectors include private and public. The global construction market size is expected to grow from $13570.90 billion in 2021 to $15171.80 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The growth in the construction market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The construction market is expected to reach $22873.96 billion in 2026 at a CAGR of 10.8%. The increasing construction activities in emerging markets is expected to propel the growth of the construction market over coming years. Emerging markets which registered robust construction activity included China, Brazil, India, Saudi Arabia and Indonesia. For instance, according to the National Bureau of Statistics, construction output contributed for 25.9% of China's GDP in 2020, up from 6.2% in 2019. This rapid growth in construction activity contributed to the growth of the construction market. Construction costs have increased steadily due to rising material costs in the historic period. Companies in the industry experienced subdued growth in their profits with rising prices of materials such as crude oil, a key component of asphalt reached $41.96 per barrel in 2020, softwood lumber, a major component used for buildings construction, rose by 112% in February 2021 compared to 2020. Therefore, high material prices adversely affected the construction market during historic period. Building construction companies are increasingly using green construction techniques to build energy efficient buildings and reduce construction costs. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. According to World Green Building Trends Survey, about 60% of construction firms across the globe were involved in green construction projects. Certifications such as Leadership in Energy and Environmental Design (LEED) help construction companies to develop high-performance, sustainable residential and commercial buildings, and also offer a variety of benefits, from tax deductions to marketing opportunities. Sustainable construction materials such as natural paints and steel beams made from recycled material are being widely used in the UK. Other green construction techniques such as cross-ventilation for more natural environment, green construction software such as Construction Suite to ensure green compliance, and Green Globes management tool are also being used in the construction industry. For instance, some, Major companies using green construction techniques include Turner Construction Co, Clark Group, AECOM, Hensel Phelps and Holder Construction. Major companies in the construction market include China State Construction Engineering Corporation Ltd., China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Co., Ltd., China Evergrande Group. Asia Pacific was the largest region in the construction market in 2021. North America was the second-largest region in the construction market. The regions covered in the construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the construction market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global construction market is segmented - 1) By Type: Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development 2) By End User: Private, Public Subsegments Covered: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Highway, Street, And Bridge Construction, Other Heavy And Civil Engineering Construction, Foundation, Structure, And Building Exterior Contractors, Building Equipment Contractors, Building Finishing Contractors, Other Specialty Trade Contractors, Residential Land Planning And Development, Commercial And Institutional Land Planning And Development, Industrial Land Planning And Development

The rail transport market consists of sales of rail transportation services and related goods by entities (organizations, sole traders, and partnerships) that use trains to provide transport for passengers and/or cargo. Railroads operate either on networks with physical facilities, labor forces, and equipment spread over a wide geographic area or operate over a short distance on a local rail line. This market excludes street railroads, commuter rail, urban rapid transit, and scenic and sightseeing train transportation. The main types in the rail transport market are passenger rail transport and rail freight. The rail freight includes the services in which goods are transported by rail cars. The rail transport market is also segmented by distance into long-distance and short-distance and by destination into domestic and international. It is also segmented by the end-use industry into mining, construction, agriculture, construction, and others. The global rail transport market size is expected to grow from $469.74 billion in 2021 to $509.04 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The rail transport market is then expected to grow to $676.26 billion in 2026 at a CAGR of 7.4%. The rail transport services market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in end-user markets, thereby driving the market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the rail transport market in 2020 as governments imposed lockdowns and restricted the movement of people and goods to contain the transmission. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including to Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of lockdown and harmed businesses throughout 2020 and into 2021. However, the rail transport market started recovering from the shock. Advanced driver assistance system (ADAS) technology is becoming popular in the rail transportation industry to optimize energy usage, enhance operational management, safety and aid in cost reduction. These systems provide automatic warning, protection, operation, supervision, and control arrangement. They also aid in meeting stringent government regulations towards passenger safety. Around 60 million units of advanced driver assistance systems were produced globally. Some companies providing these systems for locomotives are Thales Group, Alstom S.A., Bombardier Transportation Hitachi Ltd., CRRC Corporation limited, Ansaldo STS, and SIEMENS AG. Major companies in the rail transport market include China Railway Corporation, Duetsche Bahn AG, Indian Railways, JSC Russian Railways, BNSF Railway, Union Pacific Corp, Berkshire Hathaway Inc., Central Japan Railway Co, Canadian National Railway, and CSX Corp. Asia Pacific was the largest region in the rail transport market in 2021. Western Europe was the second largest region in the rail transport market. The regions covered in the rail transport market market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the rail transport market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global rail transport market is segmented - 1) By Type: Passenger Rail Transport, Rail Freight 2) By Distance: Long-Distance, Short-Distance 3) By Destination: Domestic, International 4) By End-Use Industry: Mining, Construction, Agriculture, Others Subsegments Covered: Medium-Distance Passenger Transport, Long-Distance Passenger Transport, Short-Distance Passenger Transport, Intermodals, Tank Wagons, Freight Cars