Boosting Growth: Mach10 Automotive's Path Through Acquisitions and Mergers Discover how Mach10 Automotive is advancing innovation and growth in the automotive industry through strategic mergers and acquisitions maneuvers. Discover how our mergers push us into the fast lane of development, strengthening our relationships and propelling us into a future of unmatched success and performance. To know more - https://mach10automotive.com/team/

The Evolution of Tow Trucks: A Journey Through History Tow trucks, also known as wreckers, have come a long way since their inception, evolving from simple mechanisms to highly specialized vehicles equipped with cutting-edge technology. The history of tow trucks is a testament to human ingenuity and the drive to improve efficiency and safety in the automotive industry. In this article, we'll take a journey through the evolution of towing service near me (https://jandjtowingsrt.com/), tracing their development and highlighting key milestones in their history. Early Tow Truck Innovations: Early 20th Century: The concept of the tow truck can be traced back to the early 20th century when automobiles started becoming more common. Initially, simple cranes or winches were used to hoist vehicles onto platforms for transport. First Recorded Tow Truck: The first recorded tow truck was created in 1916 by Ernest Holmes Sr., an automotive repair shop owner. Holmes built a simple crane and winch assembly mounted on a modified Cadillac chassis to tow vehicles.

China, India, Southeast Asia Automotive OEM Telematics Market Analysis, Challenges, Growth and Forecast By 2030 The market is driven by the growing demand for connected vehicles and the rising demand for connected services such as vehicle tracking, security and safety, and predictive analytics. The region is expected to witness a significant increase in the number of connected vehicles, which is likely to drive the growth of the market. Additionally, the increasing focus on the development of connected services and the growing demand for connected vehicles in the region are expected to further propel the growth of the market. Automotive OEM telematics are preinstalled solutions installed in automobiles, which comprise telematics equipment, connectivity, and services. The services are provided either free of cost or on a subscription basis. Get Access to sample Report Pages @ https://marketreporthub.com/sample.php?id=03266 Automotive manufacturers need to adhere to the safety standards defined by the governments of respective regions. The eCall system is one of the standard devices used in European vehicles for automatically dialing a helpline number and send location details in case of emergencies. The European car manufacturing industry has been closely working with connectivity device manufacturers and telecom service providers to offer connectivity solutions, which are as per the industry standards Check For Instant Discount @ https://marketreporthub.com/discount.php?id=03266 China, India, Southeast Asia automotive OEM telematics market is dynamic in nature and is expected to witness considerable growth during the forecast period. China, India, Southeast Asia automotive OEM telematics market encompasses vehicle type and application segment of the China, India, Southeast Asia automotive OEM telematics market. The development of new and diversified technologies creates opportunities within the automotive industry. China, India, Southeast Asia automotive OEM telematics market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. China, India, Southeast Asia Automotive OEM telematics market is segmented based on application, and vehicle type. Depending on vehicle type, the market is fragmented into passenger cars, HCV, LCV, MCV, and two wheeler. By application, it is classified into solutions and services. Asia-Pacific region wise, it is analyzed across China, India, and Southeast Asia. The key players analyzed in this report include AT&T Inc., Bayerische Motoren Werke Aktiengesellschaft (BMW), Ford Motor Company (Ford), HARMAN International, MiX Telematics, T elefónica S.A., TomTom International BV., Trimble Inc., Verizon, Vodafone Group, and others. KEY BENEFITS FOR STAKEHOLDERS • This study presents the analytical depiction of China, India, Southeast Asia automotive OEM telematics market along with the current trends and future estimations to depict the imminent investment pockets. • The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market. • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis. • The current market is quantitatively analyzed from 2023 to 2030 to highlight the financial competency of the market. • Porter’s five forces analysis illustrates the potency of the buyers and suppliers. KEY MARKET SEGMENTS By Vehicle Type Passenger Car LCV HCV MCV Two-wheeler By Application Solutions Services By Region China India Southeast Asia

AGV Software Market Analysis, Challenges, Growth and Forecast By 2030 AGV software market is segmented by offering, industry, and region. Based on offering, AGV software market is classified into In-built vehicle software and integrated software. In-built Vehicle Software segment is major in AGV Software Market. AGVs are controlled and navigated by In-built Vehicle Software. In-built Vehicle Software conventional to create positive impact on Increasing digitalization and smart technology during the forecast period. In terms of industry segment, AGV software market is divided by automotive, manufacturing, food & beverages, aerospace, healthcare, logistics, retail. Automotive segment is major in AGV Software Market. The automotive industry has been one of the key users of AGV technology. The increased rate of production of electric cars and increasing investments in automotive R&D activities are anticipated to keep these production numbers high. Automotive industry equalize the shortage of labour. Get Access to sample Report Pages @ http://marketreporthub.com/sample.php?id=03224 Increasing demand for automation across various industries. Installation of AGV allowed most of the automotive companies to equalizer a shortage of labour and at same time high cost for implementation and up gradation of AGV system will hamper the market. Check For Instant Discount @ http://marketreporthub.com/discount.php?id=03224 Geographically, AGV software market is split into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Europe hold the major share in the AGV software market, due to high labour cost in the region which bumps industry to raise automated industrial solutions which will help to reduce overall spending. Europe can be primarily attributed to growth of industries in the region and prepare to expand CAGR. All other regions are following to contribute the growth in AGV software market. Key players studies, analyzed, profiled and benchmarked in AGV software market are KION Group, KUKA, Toyota Industries, JBT Corporation, Oceaneering International, Kollmorgen, Murata Machinery, BA Systemes, Transbotics, and Gotting among others. Global AGV Software Market, by Offering: In-built Vehicle Software Integrated Software Global AGV Software Market, by Industry: Automotive Manufacturing Food & Beverages Aerospace Healthcare Logistics Retail Global AGV Software Market by Region: North America Europe Asia Pacific Latin America The Middle East and Africa Key Player, Global AGV Software Market: KION Group KUKA Toyota Industries JBT Corporation Oceaneering International Kollmorgen Murata Machinery BA Systemes Transbotics Gotting

3D Magnetic Sensor Market Analysis, Challenges, Growth and Forecast By 2030 This growth rate is expected to be driven by the increasing demand for 3D Magnetic Sensor in various industry verticals, such as automotive, consumer electronics, and healthcare. The growing demand for sensor-enabled devices is also expected to fuel the growth of the market. Moreover, the increasing demand for automotive safety systems and the need for precise positioning of magnetic sensors in consumer electronics are further expected to propel the global 3D Magnetic Sensor market growth. Get Access to sample Report Pages @ https://marketreporthub.com/sample.php?id=03331 Some of the key factors influencing the market are growiing in automotive industry and unceasing growth in consumer electronics. However, Lengthy design phase increases time-to-market and falling average selling prices (ASPS) of sensor components affecting new market entrants hampers the market growth of 3D magnetic sensor market. 3D magnetic sensor is a sensor that is able to detect magnetic signals in X, Y, and, Z directions. It supports wide measurement range with high resolution in 3D detection and captures magnetic fields in 3-dimensions. The sensor family is ideally suited for the measurement of three dimensional movement within a magnetic field, linear slide movement as well as 360 degrees angle rotation. Based on Technology Hall Effect Sensors segment is constantly enhancing as the Hall Effect sensor is a device that is used to measure the magnitude of a magnetic field. Its output voltage is directly proportional to the magnetic field strength through it. Hall Effect sensors are used for proximity sensing, positioning, speed detection, and current sensing applications. By Geography Asia Pacific is anticipated to exhibit the considerable growth due to increase in demand for consumer electronic devices such as laptops, smartphones, and cameras are driving the growth of the market in this region. The implementation of a wide range of sensors, even in budget smartphones, and the growing demand for fitness bands are the key factors driving the market in APAC. Some of the key players in Global 3D Magnetic Sensor market are AKM, Allegro MicroSystems, Analog Devices, Asahi Kasei, Bosch, Honeywell International, Infineon Technologies, Melexis, NXP Semiconductors, STMicroelectronics and TDK. Sensor Types Covered: • Linear 3D Magnetic Sensors • Rotary 3D Magnetic Sensors Technologies Covered: • Anisotropic Magnetoresistive (AMR) Sensors • Giant Magnetoresistive (GMR) Sensors • Hall Effect Sensors • Other Technologies Applications Covered: • Automobile • Consumer Electronics • Industrial • Other Applications Regions Covered: • North America o US o Canada o Mexico • Europe o Germany o UK o Italy o France o Spain o Rest of Europe • Asia Pacific o Japan o China o India o Australia o New Zealand o South Korea o Rest of Asia Pacific • South America o Argentina o Brazil o Chile o Rest of South America • Middle East & Africa o Saudi Arabia o UAE o Qatar o South Africa o Rest of Middle East & Africa

Industrial Adhesives Market Overview, Revenue, Size, Sales volume and Cost Industrial Adhesives Market Overview The Industrial Adhesives Market was marked at a value of USD 41.47 billion and it is further expected to grow at a higher CAGR of 6.7% during the forecasted period to account for a higher market value share of approximately USD 53.37 billion by the end of the forecasted period.The adhesives used to bond substrates via cohesion (internal strength) and via adhesion (surface bonding) are called industrial adhesives. It can be used in a variety of applications like the building and construction industry, automotive industry, healthcare industry, and packaging industry. They allow permanent assembly for dissimilar and similar substrates. It is largely used as glass bonding in automotive applications, interior exterior trim, structural fiber-reinforced plastic bonding, and structural metal bonding. Get Free Sample Report @ http://www.vertexbusinessinsights.com/request-sample/109/industrial-adhesives-market Market Dynamic Drivers Numerous factors drive the market demand in the Industrial Adhesives Market. Increasing stringent environmental rules and regulations coupled with increasing demand for industrial adhesives results in more demand for both solvent-based adhesives and water-based adhesives. As these are largely used in the automotive industry, aerospace industry, and construction industry and hence drives the market demand all across the globe during the review period. Moreover, it is used in the automobile industry for reducing the need for welding and rivets and to join interior parts. Opportunities The rise in the demand for Industrial Adhesives Market in the global market. Ongoing extensive research done by various major key players provides various growth opportunities in the global market during the forecasted period. Moreover, using these types of adhesives helps in the weight reduction of vehicles which helps in improving fuel economy all across the globe and hence provides various growth opportunities during the review period. Value Chain Analysis The Industrial Adhesives Market is growing at an incredible rate globally due to various benefits associated with it. It helps in decreasing the weight of vehicles by approximately 10% which results in the reduction of fuel consumption by approximately 5-7%. Since increasing environmental issues and rising fuels prices is another factor that drives the market demand in the global market during the forecasted period. Moreover, the requirement of high-quality adhesion in various outer bodies components of aircraft is very much beneficial and hence provides various growth opportunities in the global market. These industrial adhesives are highly used in the construction industry and various other end-user industries as well. Market Segmentation The Industrial Adhesives Market has been divided all across the globe based on Type, Application, and Region. Based on the Type The Industrial Adhesives Market has been divided all across the globe based on the type into ethyl vinyl acetate type, polyurethane type, epoxy type, polyvinyl acetate type, acrylic type, and many others. Based on the Application The Industrial Adhesives Market has been divided all across the globe based on the application into medical devices, electronics and electrical industries, construction industries, automotive industries, and many others. Based on the Region The market has been divided in the Industrial Adhesives Market based on the region into North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region. Regional Analysis The Industrial Adhesives Market has been divided all across the globe based on the regions into North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region. Being the fastest-growing region, the largest market share in the global market is held by the Asia-Pacific region owing to growing demand in the electronic industry and automotive industry that drives the market demand in this region. The presence of China is another major driving factor as it has a manufacturing hub that creates more demand in this region. Increasing development in the footwear industry is another contributing factor. The second-largest market share in the Industrial Adhesives Market is held by the European region owing to the presence of well-established technologically advanced infrastructure that drives the market demand to this region. Moreover, increasing development in the automotive industry in various countries like Italy, France, and Germany is another contributing factor. Main Report @http://www.vertexbusinessinsights.com/main_report/109/industrial-adhesives-market Contact Us [email protected] Phone: +1 210-775-2636 (USA) Address: 1321 Upland Dr. PMB 20205, Houston, Texas, 77043, US

Laser Welding Machine Market Overview, Revenue, Size, Sales volume and Cost Laser Welding Machine Market The United States Laser Welding Equipment Market size was estimated at USD 1,000.91 million in 2022, USD 1,074.36 million in 2023 and is projected to grow at a CAGR of 8.84% to reach USD 1,971.68 million by 2030. Get Free Sample Report @ http://www.vertexbusinessinsights.com/request-sample/78/laser-welding-machine-market Laser Welding Machine Market Overview The primary purpose of a laser welding equipment is to connect several metal pieces or parts together by using a focused laser beam as a heat source. The majority of applications requiring high volume favor these devices. Numerous industries, including the automotive, medical, electronics, jewelry, and others use laser welding equipment. Over the course of the forecast period, the market is anticipated to benefit greatly from manufacturers shifting their attention from conventional welding equipment to laser welding machines. Laser Welding Machines Industry Segmentation Laser welding melts thin or thick metal contacts by using heat from a concentrated, high-power laser beam. The majority of the time, thin and deep joints with a depth-to-breadth ratio between 4 and 10 are produced using lasers because of their outstanding penetrating characteristics and high energy density. A complete background analysis of the laser welding machines market, which includes an assessment of the sector and the contribution of the sector in the economy, market overview, market size estimation for key segments, key regions and emerging trends in the market segments, market dynamics, and key production and consumption statistics are covered in the report. The Laser Welding Machines Market By Technology (Fiber Laser Welding Machine, Co₂ Laser Welding Machine and Solid-State Laser Welding Machine), By Application (Medical, Electronics, Jewelry industry, Automotive, Tool and Mold-making and Others) And Region. The report offers market size and forecast value in (USD billion) for all the above segments. Laser Welding Machine Market Regional Analysis The laser welding machine market is analyzed and market size insights and trends are provided by country, technology and application as referenced above. The countries covered in the laser welding machine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. Asia-Pacific (APAC) is expected to grow faster than other regions during the forecast period. This region has the largest number of manufacturing facilities where the adoption of laser welders with a focus on improving productivity is essential. China is expected to become the most important country in the region due to its huge manufacturing sector. Moreover, the automotive industry is one of China's pillar industries and continues to be the world's largest automotive market. The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data. Cumulative Impact of High Inflation Enquiry before buying Report @ http://www.vertexbusinessinsights.com/enquiry/78/laser-welding-machine-market Contact Us [email protected] Phone: +1 210-775-2636 (USA) Address: 1321 Upland Dr. PMB 20205, Houston, Texas, 77043, US

Rubber Gaskets and Seals Market Overview, Revenue, Size, Sales volume and Cost Rubber Gaskets and Seals Market Segmentation By Application, Region, Gross Margin and Forecast From 2023-2030 The global gaskets and seals market size was estimated at USD 56.93 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.1% over the forecast period. The use of advanced materials in manufacturing gaskets and seals for critical applications including aircraft manufacturing, medical equipment, and chemical processing is expected to drive the market growth over the forecast period. The global gaskets and seals market industry has experienced limited growth as a consequence of the economic recession caused by the COVID-19 crisis, which has resulted in low investor confidence and a decline in industrial activities. Get Free Sample Report @ http://www.vertexbusinessinsights.com/request-sample/40/rubber-gaskets-and-seals-market Rubber Gaskets and Seals Market Overview As a result, the market for gaskets and seal materials has also experienced a catastrophic setback. The COVID-19 pandemic in the U.S affected the growth of the industrial operations. The stay-at-home instructions and social distancing mandates also impacted the product demand. In the U.S., the automotive sector accounted for the largest market share in 2021 and is estimated to grow at a CAGR of 3.3% over the forecast period. Gaskets and seals are designed to help ensure performance efficiency and to support manufacturers to comply with stringent specifications and standards. In addition, they also aid in reducing the risk of unexpected downtime and control emissions. In the automotive industry, increasing stringent emission norms are also one of the major factors that are expected to drive the product demand. The industrial sector is also witnessing the development of advanced power transmission seals, which are expected to demonstrate a notable reduction of power loss in drive assemblies as opposed to conventional sealing elements. These seals comprise revolutionary designs and special materials, which offer superior performance under extreme pressure conditions. They also ensure the optimization of sealing function, friction, and abrasion resistance. The use of advanced sealing systems and components is projected to enhance the production efficiency and sustainability of plants. Thus, it allows products to be manufactured with greater resource efficiency. Companies are also installing indicators to gauge energy efficiency and emissions at plants. Hence, sealing solutions are expected to aid the growth of green manufacturing across the industrial sector, thereby driving the overall demand for seals in the market. Product Insights The seals product segment led the market and accounted for more than 61.00% share of the global revenue in 2021. They are used in various applications ranging from automobiles, rockets, ships, industrial plant equipment, and consumer devices. Thus, the rise of automobile and electronics production in the global market is anticipated to drive the demand for mechanical seals. The seals product segment is expected to grow at a steady CAGR over the forecast period. The machine comprising of a large vessel and a rotating shaft at the center of the vessel also requires the installation of mechanical seals. Thus, they have a wide range of applications in the oil gas sector, such as upstream or downstream exploration and midstream transportation. Enquiry before buying Report @ http://www.vertexbusinessinsights.com/enquiry/40/rubber-gaskets-and-seals-market Contact Us [email protected] Phone: +1 210-775-2636 (USA) Address: 1321 Upland Dr. PMB 20205, Houston, Texas, 77043, US

The global thermoplastic elastomers market is set to gain traction from the rising demand for bio-based products to increase sustainability and support environmental protection. Fortune Business Insights™ published this information in a new study, titled, “Thermoplastic Elastomers Market Size, Share & Industry Analysis, By Type (Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others), By Application (Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the thermoplastic elastomers (TPEs) market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period. Information Source- https://www.fortunebusinessinsights.com/thermoplastic-elastomer-tpe-market-104515 How is This Report Developed? We refer to secondary data sources, such as press releases of end-user facilities, investor presentations, annual reports, and industry journals to gather authentic information of the market. Our unique bottom-up approach helps in generating crucial data about the competitive landscape and recent industry developments, such as new product launches, collaborations, agreements, joint ventures, partnerships, contracts, and acquisitions. We also conduct extensive primary research to collect information about the current market trends. Drivers & Restraints- Increasing Need to Manufacture Automotive Gaskets to Aid Growth People nowadays are demanding for lightweight vehicles worldwide. Hence, the automotive industry is conducting research and development activities to bring innovations. Thermoplastic elastomers are extensively used in automotive gaskets, exterior filler panels, and door & window handles. However, the fluctuating prices of crude oil may hamper the thermoplastic elastomers market growth in the near future. Segment- Automotive Segment to Grow Rapidly Backed by High Demand for Lightweight Vehicles Based on application, the automotive segment dominated in 2019 by generating the largest thermoplastic elastomers market share. This growth is attributable to the rising demand for lightweight vehicles from the rapidly increasing population in numerous countries. TPEs are mainly used to manufacture boots, bonnets, exterior panels, and wipers of vehicles. Regional Insights- Surging Demand for Luxury Vehicles to Accelerate Growth in Europe In 2019, Asia Pacific held USD 14,226.7 million in terms of revenue. It was in the leading position because of the high demand for TPEs from the footwear, construction, and automobile industries. Also, improvements in lifestyles of people are set to augment the economic development in Japan, India, and China. These would surge the middle-class population, thereby driving growth. In North America, high disposable incomes of the masses, coupled with the rising technological advancements in the field of thermoplastic elastomers would propel growth. Europe, on the other hand, is expected to grow considerably backed by the increasing demand for luxury vehicles. Competitive Landscape- Key Players Focus on Expanding Production Capacity to Fulfill Needs amid COVID-19 The market for thermoplastic elastomers contains various prominent manufacturers that are mainly focusing on extending their production capacities to help manufacturers of medical equipment for catering to the high demand amid COVID-19. Below are the two latest industry developments: August 2020: Lubrizol invested in its thermoplastic polyurethane business worldwide to support the high growth in surface protection applications. It would help the company to broaden its capacity in paint protection film (PPF) and surface protection, thereby delivering additional benefits to PPF supply chains, brand owners, and manufacturers. May 2020: Huntsman started producing thermoplastic polyurethane (TPU) elastomers for company manufacturing PPE globally. These are nowadays being extensively used to produce cable jackets, face masks, valves, hospital gowns, and tubes amid the COVID-19 pandemic. A list of all the renowned thermoplastic elastomers producers operating in the market: Arkema SA (Colombes, France) Covestro AG (Leverkusen, Germany) Evonik Industries AG (Essen, Germany) Teknor APEX Company (Rhode Island, U.S.) BASF SE (Ludwigshafen, Germany) Huntsman Corporation (Texas, U.S.) Sinopec Group (Beijing, China) Lubrizol Corporation (Ohio, U.S.) Kraton Corporation (Texas, U.S.) Tosoh Corporation (Tokyo, Japan) Other Key Players

The global thermoplastic elastomers market is set to gain traction from the rising demand for bio-based products to increase sustainability and support environmental protection. Fortune Business Insights™ published this information in a new study, titled, “Thermoplastic Elastomers Market Size, Share & Industry Analysis, By Type (Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others), By Application (Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the thermoplastic elastomers (TPEs) market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period. Information Source- https://www.fortunebusinessinsights.com/thermoplastic-elastomer-tpe-market-104515 How is This Report Developed? We refer to secondary data sources, such as press releases of end-user facilities, investor presentations, annual reports, and industry journals to gather authentic information of the market. Our unique bottom-up approach helps in generating crucial data about the competitive landscape and recent industry developments, such as new product launches, collaborations, agreements, joint ventures, partnerships, contracts, and acquisitions. We also conduct extensive primary research to collect information about the current market trends. Drivers & Restraints- Increasing Need to Manufacture Automotive Gaskets to Aid Growth People nowadays are demanding for lightweight vehicles worldwide. Hence, the automotive industry is conducting research and development activities to bring innovations. Thermoplastic elastomers are extensively used in automotive gaskets, exterior filler panels, and door & window handles. However, the fluctuating prices of crude oil may hamper the thermoplastic elastomers market growth in the near future. Segment- Automotive Segment to Grow Rapidly Backed by High Demand for Lightweight Vehicles Based on application, the automotive segment dominated in 2019 by generating the largest thermoplastic elastomers market share. This growth is attributable to the rising demand for lightweight vehicles from the rapidly increasing population in numerous countries. TPEs are mainly used to manufacture boots, bonnets, exterior panels, and wipers of vehicles. Regional Insights- Surging Demand for Luxury Vehicles to Accelerate Growth in Europe In 2019, Asia Pacific held USD 14,226.7 million in terms of revenue. It was in the leading position because of the high demand for TPEs from the footwear, construction, and automobile industries. Also, improvements in lifestyles of people are set to augment the economic development in Japan, India, and China. These would surge the middle-class population, thereby driving growth. In North America, high disposable incomes of the masses, coupled with the rising technological advancements in the field of thermoplastic elastomers would propel growth. Europe, on the other hand, is expected to grow considerably backed by the increasing demand for luxury vehicles. Competitive Landscape- Key Players Focus on Expanding Production Capacity to Fulfill Needs amid COVID-19 The market for thermoplastic elastomers contains various prominent manufacturers that are mainly focusing on extending their production capacities to help manufacturers of medical equipment for catering to the high demand amid COVID-19. Below are the two latest industry developments: August 2020: Lubrizol invested in its thermoplastic polyurethane business worldwide to support the high growth in surface protection applications. It would help the company to broaden its capacity in paint protection film (PPF) and surface protection, thereby delivering additional benefits to PPF supply chains, brand owners, and manufacturers. May 2020: Huntsman started producing thermoplastic polyurethane (TPU) elastomers for company manufacturing PPE globally. These are nowadays being extensively used to produce cable jackets, face masks, valves, hospital gowns, and tubes amid the COVID-19 pandemic. A list of all the renowned thermoplastic elastomers producers operating in the market: Arkema SA (Colombes, France) Covestro AG (Leverkusen, Germany) Evonik Industries AG (Essen, Germany) Teknor APEX Company (Rhode Island, U.S.) BASF SE (Ludwigshafen, Germany) Huntsman Corporation (Texas, U.S.) Sinopec Group (Beijing, China) Lubrizol Corporation (Ohio, U.S.) Kraton Corporation (Texas, U.S.) Tosoh Corporation (Tokyo, Japan) Other Key Players