Types of Automotive Refinish Coatings in Indonesia

 There is a higher chance of a vehicle sustaining damage from wear and tear or an accident when more vehicles clog the roads, and more miles are driven. Automotive refinish coatings are important in Indonesia for restoring damaged cars to their former beauty and ensuring they continue to look brand new.

 

Automotive body shops and repair facilities employ polyurethane, acrylic, or alkyd-based coatings as automotive refinish coatings. These coatings are sprayed on new and used passenger and commercial cars to cover up body damage brought on by high temperatures, collisions, and stone contact.

 

Primer, filler, topcoat, basecoat, and activator or hardener coatings are a few of the often used refinish coatings. Although the Indonesianautomotive refinish coatings industry is predicted to expand, several significant issues and trends repair facilities and coating producers must deal with must.

 

Automotive Refinish Coating Formulation

 

Customer satisfaction is a crucial aspect of automotive refinishing that never changes. A high-quality, completely optimized coating product is one approach to guarantee satisfaction, and creating a high-quality coating begins with the formulation. Primer, base coat, and top coat are the components of most automobile coating systems.

 

Primer

 

Modern autos employ a lot of lightweight polymers that are hard to stick to. To achieve appropriate adhesion, primers are utilized to prepare a surface for a coating.

 

Such formulations frequently include a solvent, a binder resin, and additives to increase surface and wetting area. A primer system's binder resin has to have the ability to adhere to low-energy surfaces and increase surface energy for future coatings.

 

Basecoat

 

Most people envision a base coat when they think about automobile paint. The basecoat is what gives an automotive paint system its color. A binder resin, solvent, pigments or pigment dispersions, and additives to enhance wetting and leveling make up a basecoat composition.

 

To produce a base coat of the highest caliber, it is essential to ensure optimum pigment wetting and appropriate pigment orientation.

 

Topcoat

 

The top coat protects the lovely paintwork after the base coat. Over a basecoat, topcoats or lacquers are often applied. These hard, glossy coatings are resistant to chemicals, moisture, abrasion, UV, and temperature.

 

Again, solvent, a binder resin, and wetting/leveling aids make up a standard topcoat recipe. To achieve a long-lasting automobile, refinish coating system, the binder resins for a topcoat must have excellent durability.

 

Driving Factors Are:

 

The main variables influencing demand for automobiles to refinish coatings in Indonesia include:

• Rising disposable income.
• An increase in the frequency of vehicle crashes.
• Surge in the average age of car.

The local demographics' buying power has risen due to the economic recovery and rapid growth in disposable income.

 

Along with the increasing acceptance of automotive refinish coatings, many distinct items have also been launched in Indonesia. As a result, the need for these coatings will increase in the next years because of these characteristics and the huge volume of car demand.

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How Urbanization Drives Demand for Commercial Refrigeration Equipment in APAC?

 In countries like China and India, the urbanization rate is rising, with around 57% and 33% of the population of these countries, respectively, living in cities in 2017, and these shares rose to 61.4% and 35.0% in Chin and India, respectively, by 2020. The urban population in India is expected to reach around 1.4 billion by 2023, and in China, around 1.4 billion by 2025. Urbanization brings a variety of changes in the demands of  people, as the lifestyle and living preferences change. Thus, it will propel the Asia-Pacific (APAC) commercialrefrigeration equipment market in the years to come.

 

Urbanization, due to which the number of modern retail stores and supermarkets has increased, has led the way for the usage of commercial refrigeration equipment. In addition, it has also led to an increase in the workforce in countries like China, India, New Zealand, Australia, and Japan. This has resulted in an increment in the trend of eating out at restaurants and consuming packaged food. To offer people with busy lifestyles more convenience, the online retailing of fresh as well as frozen food is picking up, which is augmenting the demand for refrigeration in commercial spaces.

 

Among the different equipment types used for refrigeration in commercial spaces, walk-in coolers witnessed the highest demand in the past. This was due to the changing food patterns, visible in the rising consumption of frozen foods. As the purchasing power of customers has also increased, hypermarket and supermarket chains have expanded, thereby driving the demand for walk-in coolers in the APAC region. Moreover, ice-making machinery is predicted to grow in demand in the coming years due to the increasing number of bars, cafes, and many other food outlets.

 

This is consistent with the fact that within the commercial sector, refrigerators are majorly bought by entities dealing in the food service business. Here, maintaining and preserving the food quality till it reaches diners are vital. The increasing income of consumers has inclined them toward dining out, which has led to a rise in the number of restaurants, where commercial refrigeration equipment plays a crucial role in ensuring optimum food quality.

 

There are three major APAC commercial refrigeration equipment market players, among which United Technologies Corporation makes the largest number of sales. Other major manufacturers offering this equipment in the APAC region are S.A.I., AB Electrolux, Illinois Tool Works Inc., Hussmann Corporation, and Johnson Controls International Plc. According to P&S Intelligence, they are shifting from fluorinated refrigerants to natural refrigerants because of the increasing global warming concerns. For instance, Japan has modified its F-Gas Law, while China has released a potential list of gases that can be used as the refrigerant.

 

The demand for such systems in the region dropped significantly in 2020 due to the COVID-19 pandemic, to combat which governments enforced lockdowns. The food service industry was among the hardest hit by the lockdowns as all restaurants, bars, cafes, and pubs were closed down. However, since the second half of 2021, with the dropping case count, restaurants are opening again, albeit with restrictions on the number of diners. In the coming months, as this industry opens further, the demand for refrigeration equipment will start to rise.

 

Therefore, the changes in the lifestyle of people due to urbanization are pushing up the requirement for commercial refrigeration equipment in the APAC region. 

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How Is Marketing Automation Software Helping Firms in Increasing Their Customer base?

 Marketers in the Asia-Pacific (APAC) region are leveraging the increasing penetration of social media to build their customer base effectively. Social media platforms allow market executives to track the interactions with prospective customers that are linked to offers and campaigns, to gather feedback and use the insights gained to improve the campaign. This surge in digital marketing activities has increased the demand for automation tools in the region. 

Marketing automation allows for the management of a large volume of social media statistics and data related to the customer base. This has led to the increasing awareness among regional businesses about data management platforms (DMPs) including Salesforce DMP, Lotame, and Oracle DMP. These DMPs assist marketers and advertisers in sorting and storing information, collecting, analyzing, and classifying data, and advertising network integration. Additionally, DMPs offer a base to the marketers for providing responsive and scalable workflows and database functions that enable solutions to be leaner and optimized. This further allows companies to monitor and capture the data on potential leads.

Several vendors are venturing into the Asia-Pacific marketing automation software market due to the easy access for them and declining cost of marketing automation software. Companies offering such market tools in the region include Teradata Corporation, Oracle Corporation, SAS Institute Inc., Act-On-Software Inc., IBM Corporation, Salesforce.com Inc., Adobe Systems Incorporated, HubSpot Inc., SharpSpring Inc., and Infusionsoft Inc. They are adopting growth strategies such as product launches, partnerships, and acquisitions to gain a competitive edge over each other and widen their customer base.

In the region, marketing automation software is widely used in the banking, financial services, and insurance (BFSI) and e-commerce industries. In the BFSI sector, marketing executives are adopting this software to attract customers by spreading awareness among them about their protocols, benefits, and schemes. Marketing executives working with financial companies also use the software to target potential customers and simplify marketing complexities. Similarly, e-commerce companies leverage these platforms for generating leads and running advertisements. The booming e-commerce sector in India and China is increasing the demand for the software in the region.

Further, the solution segment of the Asia-Pacific marketing automation software market is categorized into marketing resource management, cross channel campaign management (CCCM), real-time interaction management, content marketing platform (CMP), lead-to-revenue management (L2RM), and through-channel marketing automation (TCMA). Amongst these, the CCCM category accounted for the largest market share in 2017 due to the increasing demand by enterprises for a technology that assists them in analytics and customer data management and with workflow tools for executing, designing, and measuring the performance of campaigns on offline and digital channels.

Most of the marketing automation tools are being deployed on the cloud due to the increasing awareness about the advantages of this technology. In comparison to on-premises deployment, the cloud technology offers benefits such as increased speed, scalability, storage, and convenience. Both small and large businesses are adopting cloud-based marketing automation solutions to improve productivity, increase profits, and enhance security at an affordable price. This is why even most of the investments in new software tools are being poured for those deployable on the cloud.

Thus, the growing preference for social media and digital marketing is generating a high demand for marketing automation tools in APAC countries.

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Increasing Disposable Income Driving Sauces, Dressings, and Condiments Market

 The launch of new flavors, introduction of low-fat substitutes, rise in the utilization of organic and natural ingredients, and increasing willingness of consumers to try international cuisines. On the basis of type, the market is divided into dips, table sauces, pastes & purees, pickled products, cooking ingredients, and others. 

Among all these, the table sauces division contributed the largest revenue share of more than 30.0% to the market in 2017, as table sauces are utilized extensively with snacks and fast foods as instant accompaniments. Table sauces are further of different types, namely horseradish sauce, chili sauce, mayonnaise, soy sauce, oyster sauce, mustard sauce, and barbecue sauce. The demand for tomato sauce has been the highest in the past among all the table sauces. 

The cooking ingredients division is predicted to grow at the fastest pace during the forecast period, owing to the increasing preference for home-cooked meals. When distribution channel is taken into consideration, the sauces, dressings, and condiments market is categorized into convenience stores, specialist retailers, supermarkets/hypermarkets, and others (which include internet retailers, non-grocery specialists, and mixed retailers). Out of all these, the convenience stores category is projected to register the highest CAGR during the forecast period, both in terms of value and volume. 

Geographically, the sauces, dressings, and condiments market was dominated by Asia-Pacific in 2017, as the demand for Mexican and Chinese cuisines is increasing. Young people, especially, are becoming more and more open to experimenting with new types of foods. Owing to the fact that international cuisines make wide usage of sauces, dressings, and condiments for preparing food, their demand is rising as well. Japan dominated the regional domain in 2017, as these products are used in traditional cuisine of the country. 

The increasing disposable income of people is a major driving factor of the sauces, dressings, and condiments market. With globalization, the penetration of international cuisines has been rising all across the globe. People are becoming increasingly interested in trying out different kinds of cuisines, and improvement in the spending power of people, particularly in emerging economies, is enabling them to do the same. This is further leading to the growth of the market.

A key trend being witnessed in the sauces, dressings, and condiments market is the rising requirement for gluten-free and organic sauces. People these days are extensively becoming health-conscious, and hence are trying to cut back on foods that can have negative impact on their bodies. Due to this, the demand for gluten-free diet has increased. In addition to this, food & beverage companies that were conventionally offering sauces and other such products with gluten are now focusing on developing gluten-free products. 

In conclusion, the market is growing due to the rising disposable income of people and increasing focus towards organic and natural food choices. 

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Why is Commercial Electric Vehicle Market Making Huge Advancements in China?

 The decreasing costs and improving operational efficiency of Lithium-ion batteries are some of the biggest factors causing the increasing adoption of commercial electric vehicles across the world. As per the industry experts, the average cost of lithium-ion battery packs for bulk orders decreased from approximately $642/kWh in 2012 to almost $209/kWh in 2017. As batteries account for nearly 40% of the total manufacturing cost of a commercial electric vehicle, their declining prices will significantly boost the manufacturing and sales of the commercial electric vehicles.

The other major factor responsible for the ballooning sales of commercial electric vehicles is the lower operational costs of these vehicles as compared to the conventionally used fossil fuels-powered vehicles. In addition to this, their numerous environmental benefits are increasing their popularity in several countries, especially the developing nations which are dealing with soaring pollution levels and environmental hazards. According to the Indian Infrastructure Publishing, an electric bus saves $365,000 of diesel fuel during its entire life cycle and $225,000 of compressed natural gas (CNG).

Driven by the above-mentioned factors, the revenue generated from the worldwide sales of commercial electric vehicles is expected to rise from $144.5 billion in 2017 to $362.7 billion by 2025. The global commercial electric vehicle market is predicted to advance at a CAGR of 13.3% during the forecast period (2018–2025). There are two types of commercial electric vehicles available in the market — electric buses and electric trucks. Of these, the electric trucks recorded higher sales in 2017. This is owing to the banning diesel trucks in many countries and the burgeoning demand for the transportation of goods around the world.

On the basis of batteries, the commercial electric vehicles are classified into lithium–nickel–manganese–cobalt oxide (NMC)-battery-powered vehicles and the vehicles running on lithium–iron phosphate (LFP) batteries. Between the two types of batteries, LFP batteries are predicted to register higher sales in the market during the forecast period. This is mainly ascribed to the fact that the LFP batters are safer than the others and are therefore preferred more by both manufacturers and consumers than the NMC batteries. 

Geographically, the Asia-Pacific (APAC) region is expected to observe the highest and fastest growth in the adoption of commercial electric vehicles during the forecast period. In this region, China is currently witnessing the highest sales of commercial electric vehicles, owing to the presence of favorable government policies for commercial electric vehicles in the country. The commercial electric vehicle market is also observing huge progress in other APAC countries such as India, on account of the existence of several government policies and measures promoting the deployment of electric buses in private and government fleets, in the country.

Hence, it can be said with full confidence that the demand for commercial electric vehicles will rise considerably throughout the world, in the coming years, because of the declining prices of the Lithium-ion batteries, increasing pollution levels, lower operating costs of these vehicles than the fossil fuels-powered vehicles, and the presence of favorable government policies regarding the deployment of commercial vehicles in several countries.

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How Is Epoxy Coating Usage Fueling Polyetheramine Consumption?

 Polyetheramines are colorless curing agents, which consist of polyether and amine moieties, and are used to increase the flexibility, toughness, hydrophobicity, or hydrophilicity of a variety of products. The application areas of this substance include resins, polyurea, epoxy coatings, composites, elastomers, inks, sealants, polyamides, and adhesives. Epoxy coatings are, in turn, used in fiberglass, carbon fiber, and several other composite materials. Polyetheramines are also utilized as fuel additives for cleaning carburetors, valves, and injectors.

Among these, epoxy coatings are the most widely used products containing polyetheramines. Epoxy coatings and durable coatings can be used for durable paints, fiberglass, carbon fibers, and strong adhesives and coatings for metals and floors. These coatings are also used to seal the surface of fresh concrete and prevent the rapid loss of moisture. Other uses of polyetheramine include demulsification of oilfields, acid neutralization, and cement additives. Thus, the key industries that consume polyetheramine-based products are paints & coatings, automotive, and construction. 

The widening application base of these products and growing end-use industries will accelerate the polyetheramine market progress at a CAGR of 10.5% between 2016 and 2022. Ad per P&S Intelligence, the market revenue stood at $660.4 million in 2015. The spurring demand for epoxy coatings and composite materials will boost the requirement for polyetheramine, globally. Moreover, the expansion of the manufacturing sector, especially in developing countries, will amplify the consumption of this substance.

Globally, the Asia-Pacific (APAC) region consumed the highest quantity of polyetheramines in the past. This was due to the spurring demand for polyuria, polyamides, and epoxy curing from the paints and coatings industry. Moreover, the rising need for polyetheramine in the agriculture, adhesives & sealants, construction, and automotive industries of India, Thailand, Malaysia, and Indonesia will boost its production in the coming years. In recent years, China has emerged as the largest consumer of polyetheramine in the region.

In the coming years, the APAC polyetheramine market will also witness significant growth, wherein China would be the largest contributor, followed by India. The notable growth of end-use industries, such as resins, epoxy coatings, and adhesives & sealants in the region is fueling the consumption of polyetheramines. Additionally, the escalating demand for fuel additives, paints and coatings, and composites will increase the requirement for this material in the foreseeable future.

The demand for fuel additives in the region is driven by the rising sale of automobiles. With people becoming richer, they are spending more than ever on luxury goods, such as automobiles. Moreover, the rising awareness on the role of fuel additives in increasing the fuel economy of vehicles is propelling the consumption of such materials. Being the most-polluted region in the world, APAC has a strong need to cut down its greenhouse gas emissions, which is another area where fuel additives are helpful.

Thus, the growing requirement for epoxy coatings in various end-use industries and rising need for fuel additives will boost the production of polyetheramines in the foreseeable future.

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What are Key Factors that would Contribute to Surge of Self-Monitoring Blood Glucose Devices Market in Asia-Pacific

 Owing to the soaring geriatric population and the rising prevalence of obesity and diabetes mellitus in several countries, the demand for self-monitoring blood glucose (SMBG) devices is expected to rise in the coming years. As per a report by the United Nations Department of Economic and Social Affairs (UNDESA) on the worldwide ageing population, the population of people aged 60 years and above is increasing at a huge rate. The share of the geriatric population across the globe recorded a huge increase, to 11.7% in 2013 from 9.2% in 1990, and it is predicted to increase to 21.1% by the end of 2050.

The increasing awareness about diabetes and its numerous complications, such as diabetic foot ulcer and delayed wound healing, is another major factor propelling the adoption of SMBG devices across the world. For instance, the International Diabetes Federation (IDF) conducted an event in Hyderabad, India in October, 2018, called ‘IDF Diabetes Complications and Foot Congress’ for increasing the awareness regarding diabetes and its complications and management methods amongst the people of the city.

Self-monitoring blood glucose devices are extensively used for monitoring type-1 and type-2 diabetes. Of these, the utilization of these devices for the monitoring of type-2 diabetes is predicted to register faster growth in the years to come. This is mainly ascribed to the increasing incidence of type-2 diabetes amongst adults, especially on account of the fact that out of all the diabetic cases in adults, around 90% to 95% are of type-2 diabetes. People who have it either make too less insulin or are unable to utilize the hormone, leading to glucose imbalance.

Asia-Pacific (APAC) is expected to record the fastest growth in the adoption of SMBG devices during the forecast period. This is primarily attributed to the rising incidence of type-2 diabetes, soaring geriatric population, and increasing government investments on healthcare, in the region. As per the International Diabetes Federation (IDF), around 82 million adults in Southeast Asia in the age group of 20–79 years were living diabetes in 2017. Moreover, the improving healthcare infrastructure is expected to further fuel the progress of the self-monitoring blood glucose devices market in the region.

Thus, it can be certainly said that the need for SMBG devices will increase around the world in the coming years, mainly on account of the escalating incidence of diabetes, surging geriatric population, booming healthcare sector, and rising awareness about the disorder amongst the people.

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How Is Aging Propelling Durable Medical Equipment Demand in Europe?

 The European Heart Network (EHN) estimates that cardiovascular diseases (CVDs) are responsible for 3.9 million deaths in Europe each year. Furthermore, the Cancer Atlas reveals that nearly 3.9 million new cancer cases and around 1.9 million cancer deaths were recorded in Europe in 2018. Additionally, the World Health Organization (WHO) states that approximately 60 million people in Europe are living with diabetes. The growing prevalence of such chronic diseases will create a huge requirement for durable medical equipment (DME) in the region.

Currently, a range of durable infusion pumps, oxygen equipment, vital sign monitors, blood glucose monitors, wheelchairs, walking aids, scooters, toilet rails/frames, stretchers, medical beds, and patient lifts and lift chairs are manufactured by Invacare Corporation, Medline Industries Inc., General Electric Company, Hill-Rom Holdings Inc., Johnson & Johnson, Arjo AB, Stryker Corporation, Abbott Laboratories, DeVilbiss Healthcare LLC, Medtronic plc, Koninklijke Philips N.V., Handicare Group AB, Becton, Dickinson and Company, Siemens AG, and Sunrise Medical.

In recent years, they have introduced new products to cater to a greater number of end users. For instance, in April 2018, Permobil AB introduced Precision Lock Back Angle Adjustment, which allows for an exact fit, with effortless adjustment, in a wheelchair. This allows for modifications while the patient is seated on the chair, thereby reducing unnecessary transfers. Likewise, in July 2018, the company launched TiLite Pilot, a manual mobility solution, for kids, which can be customized as per the growth of the children.

These pieces of equipment are bought by hospitals, homecare settings, and ambulatory surgical centers (ASCs). In contemporary times, hospitals are the largest consumers of DME in Europe due to the mounting government reimbursements for those admitted to inpatient facilities. For example, the EU allows the reimbursement of medical expenses for patients admitted in public and private hospitals. This option is available only for patients who procure treatment in their home countries.

Hence, according to P&S Intelligence, Germany dominated the European durable medical equipment market in the preceding years due to the presence of a large number of hospitals in the country and the high patient footfall here. The Federal Statistical Office of Germany states that there were 1,914 hospitals in the country in 2019. Whereas, the U.K. is expected to adopt DME at the highest rate in the upcoming years owing to the surging life expectancy of people and increasing availability of technologically advanced products in the country.

Thus, the rising cases of chronic diseases and burgeoning aging population will fuel the adoption of DME in Europe. 

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How Much Revenue is Asia-Pacific Electric Three-Wheeler Market Expected to Generate

 One of the biggest factors responsible for the growing adoption of electric three-wheelers in the Asia-Pacific (APAC) region is the rising number of government policies and incentives in the form of tax rebates and subsidies, encouraging the adoption of electric vehicles in several countries in the region. For instance, according to the Faster Adoption and Manufacturing of (Hybrid &) and Electric Vehicles (FAME) in India, the government is offering subsidies in the range of $370–$900 on the purchase of electric vehicles in the country.

 

The other major factor fuelling the rise in the demand for electric three-wheelers in the APAC region is the low ownership costs of the electric vehicles. The operational expenses associated with an electric three-wheeler are almost 6 times lesser than that of the vehicles running on diesel/gasoline, on account of the lower costs of the stored electric charge than the gasoline. Moreover, the maintenance cost of an electric three-wheeler is also lesser than that of the diesel/gasoline powered vehicles and this further pushing their demand in the region.

Electric three-wheelers are either powered by sealed lead–acid (SLA) batteries or lithium-ion (Li-ion) batteries. Of these two types of batteries, the SLA batteries registered higher sales in 2017, as they are cheaper. However, the li-ion batteries, owing to their rapidly reducing prices, are expected to record faster growth in usage in the APAC electric three-wheeler market in the near future. Additionally, the Li-ion batteries offer numerous advantages over the SLA batteries such as lighter weight, higher energy density, much lower environmental damage, and greater life span and thus, these batteries are observing soaring demand across the world.

 

The motors integrated in electric three-wheelers operating in APAC come in three power ratings: less than 1,000 watts, between 1,000 and 1,500 watts, and greater than 1,500 watts. Amongst these, electric three-wheelers equipped with motors having power in the range of 1,000—1,500 watts registered the highest sales in 2017. This is primarily ascribed to the operational cost benefits of the electric three-wheelers equipped with these motors. However, due to the rising need for high-speed electric three-wheelers, the demand for higher power motors will rise rapidly in future.

 

Therefore, it can be said with full surety that due to the rising need for eco-friendly modes of transportation and the presence of numerous government incentives supporting the adoption of electric vehicles in several APAC countries, the demand for electric three-wheelers will boom in the APAC region in the coming years.

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What is Trendy in Shower Glass Doors

 Attaining your dream bathroom and producing an oasis in your own home isn’t as hard as it seems to you. Just by adding glass shower doors, it is possible for you to promptly advance your bathroom.  For taking it to the next level, consider creating these fashionable shower doors as the focal point in your design.

·        If you desire to advance to a contemporary look, frameless shower doors are really the way forward. With no bulk, it’s an uncluttered design that people love. These are certainly prevalent for glass shower door inclusions, but they also work with tub or partial enclosures. Not only is this design fashionable, but it’s also adaptable and enduring. A frameless shower door can uplift any shower design.

 

·        Frosted shower doors are coming back in trend. By adding an exclusive design, you can let your nature shine on glass shower door. And all the while, you’re still ordering privacy. Frosted shower doors are handy but can also be fashionable.

 

·        A partial enclosure is effectual and appears sleek. These are correspondingly very purposeful. Your go-in-the-shower won’t have any shelf to go beyond. This gives a feeling of having a spa right in your home. With no moving parts, you won’t have to be concerned about splashing around of water.

 

·        These days, saving space is the desire of everyone. Corner showers are just a perfect solution for that. Or, if the shower is not located in the corner already, you can use bifold doors or sliding glass doors. The way in which the glass shower door is equally important to the kind of shower you choose.

 

·        French shower doors are not just a great enunciation piece for your dining room or living room. You can always consider French glass doors as the shower door. These are indeed hot and trending in the contemporary scenario but are similarly everlasting and classy at the same time.

 

·        Having a towel, and bar handle combo isn’t an inclination, just something that should be on each glass shower door. You don’t desire to have water splashing everywhere when you go to reach for your towel that’s just out of reach. In its place, make sure you have a handle and towel bar combo installed.

 

·        If you choose to go with an enclosed or semi-framed shower, it’s becoming prevalent to make use of gold and brass inflections on the pivots. People love mixing of metals in their bathrooms, also. Some individuals have copper fittings, but gilded frames. Those warm accents are making a retaliation and we love it

 

Mexico is a country that has a developing tourism industry and construction industry. These two factors have a lot to do with the growing demand for glass shower doors in Mexico. The value of the market will reach about $483 million in 2030.

 

 There are a lot of trends like the ones mentioned above pertaining to the glass shower doors in not only Mexico but the whole world.

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Mexico Set to Witness Rapid Surge in Demand for Enterprise Asset Management Solutions in Future

 The increasing usage of enterprise asset management for the effective utilization of assets and the growing requirement for reducing the operating costs are the main factors fueling the popularity of enterprise asset management solutions in North America. Enterprise asset management solutions for the optimum asset utilization include maintenance agreement management, asset inventory tracking, tracking of invoice charges and meter readings, analysis of funding and invoice information, and the examination of trends in excess charges and invoice payments.

With the help of such solutions, the enterprise asset management system creates various dedicated reports that allow the decision-makers to compare the predicted billing and invoice amounts and view each group of assets or asset to identify unusual activities for reducing the incidence of frauds, abuse, and waste. Besides these, enterprise asset management solutions also allow businesses to reduce the operational costs by increasing the return on investment (ROI) from equipment and plant.

Assets maintenance, repair, and operations (MRO) is predicted to demonstrate the highest growth in the future. When industry is taken into consideration, the North American enterprise asset management market is categorized into oil and gas, government, healthcare, manufacturing, transportation and logistics, and energy and utilities. Amongst these, the healthcare category is predicted to exhibit the fastest growth in the market in the upcoming years, on account of the rising requirement for asset tracking and medical equipment management in healthcare facilities.

The North American enterprise asset management market is predicted to register the highest CAGR in Mexico in the forthcoming years. This would be because of the rapid expansion of various asset-intensive industries such as manufacturing, oil and gas, and transportation and logistics in the country. In 2017, the oil industry in Mexico accounted for over 30% of the total government revenues. EAM solutions allow the efficient management and planning during production and drilling.

Therefore, it can be inferred that the popularity of enterprise asset management solutions would explode in North America in the forthcoming years, mainly because of the rising requirement for effective asset utilization and management among businesses operating in the region.

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