TECHNOLOGY FACTS

TPU Elastomers Favorite among Footwear Manufacturers and in the Sporting Goods Industry

TPU elastomers is ruling the footwear sector with its growing popularity among shoe manufacturers. Shoe soles manufactured using TPU elastomers are lightweight, abrasion resistance, flexible, durable, and comfortable, thereby, TPU elastomers have become one of the most popular raw materials across the footwear manufacturing cluster.

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Market leaders are observed to be working closely with leading footwear brands, shoe sole manufacturers, as well as sporting goods industry players, to capitalize on growing demand for TPU elastomer-based sporting goods. A mounting number of TPU elastomer manufacturers are adopting innovative technologies to introduce innovative properties of the material, such as slip resistance, UV resistance, and resistance to hydrolysis, in order to gain an edge in the TPU elastomers market.

Stakeholders in the TPU elastomers market are focusing on launching TPU elastomers that exhibit excellent mechanical properties, in a bid to attract shoe sole manufacturers. Leading manufacturers are supplying TPU elastomers that are tailor-made to suit their customers’ specific requirements.

A recent study published by Fact.MR analyzes growth of the global TPU elastomers market to provide readers with exclusive and actionable market insights. This study is backed by a two-step research process which is inclusive of various primary and secondary resources.

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The primary research methodology includes discussions with experts of TPU elastomers industry and information gathered after interviewing other stakeholders. In the secondary process, detailed information about the TPU elastomers market is garnered through various resources such as company annual reports, trade journals, paid resources, press releases, and other publications relevant to TPU elastomers.

After studying industry-validated information about the TPU elastomers market, qualitative conclusions about the prospects of the market can be reached. Findings from these two main processes were used to determine an accurate and exhaustive forecast of global TPU elastomers market for the period from 2019 to 2027.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Biochar Market: Does Biochar Promise to Help Mitigate Climate Changes?

The global landscape of biochar market continues to represent a highly fragmented competition structure, and a majority of revenue shares are held by a wide pool of several unorganized players. Companies, such as Carbon Gold Ltd., Biochar Now LLC, Genesis Industries LLC, Biochar Supreme LLC, and Diacarbon Energy Inc., are currently leading the way, and continue to dedicate their strategies to the innovation of competitively priced, as well as energy-efficiency variants.

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As low-emission low-cost biochar products have been recently capturing the attention of participants in the biochar market, it is highly likely that companies will remain adhered to advanced production techniques for a variety of economical substitutes for activated carbon applications. Industry stakeholders are also eyeing gains out of the biochar application in limiting compost greenhouse gas (GHG) emissions and odors, and hydrogen sulfide sorption in wastewater treatment.

A large number of market players are leveraging their R&D capabilities to explore the potential application of biochar in the generation of electricity, and nutrition retention of soil. In view of the potential application and eventual demand for biochar in solving dry land issues, such as acidified soils and drought related problems, stakeholders are investing efforts in creating awareness among the farmers, to unlock new opportunistic avenues in the market. Additionally, the shifting focus of companies on capitalizing on the growing application of biochar in water conservation points to an influx of opportunities in the competition landscape.

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Growing awareness about the carbon negative nature of pyrolysis-derived biochar is creating fresh growth avenues for stakeholders. The potential role of this bichar system derived by the process of pyrolysis is being increasingly viewed as a potential tool to mitigate climate change, by restoring plant based carbon in a stabilized form in soil to prevent decomposition. Though the consensus revolving around the effectiveness of soil biochar amendments in eradicating CO2 from the atmosphere continues to grow, its chemical properties and net carbon footprint are widely variable.

An authentic methodology, coupled with a holistic approach, lays the base for the actionable insights mentioned in the biochar market for the time frame, 2019-2029. The Fact.MR report provides comprehensive information about the future opportunistic value of biochar market along with enthralling insights into the forecast analysis of the market. Intensive primary and secondary research has been employed to garner riveting insights into the projection analysis of biochar market market. The report on biochar market has further undergone various cross-validation tunnels to ensure that the report carries one-of-its-kind and exclusive information for the readers.

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Vinyl Siding Market to Register a Value CAGR of 4.7% During the Forecast Period 2017-2026

According to Fact.MR, the global vinyl siding market is expected to expand at a moderate pace over the forecast period, 2017-2026. The global vinyl siding market is pegged to register a value CAGR of 4.7% during the forecast period, bringing in global revenues from sales of nearly 45,000 Mn. sq. feet of vinyl sidings by the end of 2026.

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Robust growth in the construction & building industry, increasing real estate transactions, and stabilizing housing markets across the globe have factored the growth in demand for weatherproofing solutions such as vinyl claddings. Homeowners are adopting vinyl sidings for the competitive advantages over fiber cement or wood sidings in terms of protecting the exteriors and providing a decorative appeal. However, predominant use of polymers made from vinyl compounds has increased the ecological footprint of vinyl sidings. Manufacturers face challenges in disposing the used vinyl sidings that are being sent back under directions of environmental protection agencies. Moreover, growing popularity of sidings made from composite or hybrid materials is further influencing the manufacturing landscape in the global vinyl sidings market.

Vinyl clapboard sidings provide an aesthetic appeal to the building exteriors. Their installation continues to gain traction on the account of its connection in increasing the resale value of a building. The report estimates that in 2017, nearly 11,700 Mn. sq. feet of vinyl clapboard sidings have been sold in the global market. The report also projects that over the forecast period, clapboard sidings will account for nearly 40% of the global market volumes of vinyl sidings being sold. Board & batten vertical sidings, on the other hand, will represent key products that will register highest volume CAGR of 4.4% over the forecast period.

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Through 2026, new residential construction will represent the highest end-use of vinyl sidings, registering a global market volume share of approximately 40%. However, the demand for vinyl sidings will gain traction in new non-residential settings. Their end-use in new non-residential applications will account for global sales of over 17,200 Mn. sq. feet of vinyl sidings. The report further reveals that non-insulated sidings will be predominantly sold in the global market, albeit, their demand will dwindle by 2026-end. Meanwhile, insulated vinyl sidings will register a steady volume growth at 5% CAGR over the forecast period.

The report has identified the key players in global vinyl sidings market. Companies namely, Axiall Corporation, Associated Materials Group Inc., Alcoa Inc., Alside Inc., BASF SE, Sibco Building Products, CertainTeed Corporation, Ferriot Inc., Ply Gem Holdings, Acme Brick, Koch Industries, ASC Profile Inc., American Original Building Products, Variform Inc., Berkshire Hathaway Incorporated, Kaycan Ltd., and Royal Building Products have been profiled as leading manufacturers of vinyl sidings in the world. These companies are expected to face challenges in terms of environmental compliance. Optimizing the use of vinyl compounds and extending the reusability of vinyl sidings will also be prioritized by market players in the future.

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Nano Crystalline Soft Magnetic Materials Market Opportunities Abundant in Automotive and Power Transmission Applications

The radical role of nano-crystalline soft magnetic materials in several electrical and electronic systems, which has characterized the modern society. Continuous improvements in the properties of these materials have extended their application scope into power generation & transmission, receptors of microwaves & radio signals, electromagnets and magnetic shielding. The nano-crystalline soft magnetic materials are relatively new concept, with the paradigm of increased emphasis on energy conservation accelerating research efforts.

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Leading players in the market are expanding their production capacity to cater growing demand for soft magnetic materials with high-performance characteristics. Hitachi, the pioneer of nano-crystalline soft magnetic materials, in 2017, announced its plan of tripling its production capacity of Finemet nano-crystalline soft magnetic material. The company aims at completion of boosting its production capacity by 2018-end. A new Fact.MR study has envisaged the nano-crystalline soft magnetic materials market to reflect a splendid 10.1% value CAGR in the period of forecast, 2018 to 2028.

Innovative soft magnetic materials have become the new normal in electrical engineering, thereby leading to advanced component developments. Toroidal tape-wound cores produced by using nano-crystalline soft magnetic materials such as Vitroperm have been deemed highly effective for interference suppression in common-mode chokes (CMC). Vitroperm has established itself as universal solution for various EMC problems via its incorporation of affordable alloy constituents and large-scale production lines.

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Leading industry stakeholders, such as SCHURTER, have expanded their range of existing compensated chokes with the high-current types for use in PCB mounting. The new DKIH series of SCHURTER incorporates a nano-crystalline core, which imparts higher inductance (8x) than the ferrite core versions when placed in similar compact dimension. Open designs are a key focus area among producers of chokes having nano-crystalline soft magnetic materials as their core, which in turn suppress electromagnetic interference (EMI) noise produced by power applications on PCB.

Electrical systems have perceived increased penetration in automobiles for catering demands of enhanced vehicle reliability and energy efficiency. Compact electrical components are being used as a replacement for large components such as inductors. Inclining interest of automotive manufacturers toward compact dimensions to optimize the operational efficiency of vehicles will create huge opportunities for nano-crystalline soft magnetic materials in the upcoming years. One such fast-emerging application is electro-mobility, wherein these materials are used to counter EMI noise as well as in next-generation semiconductors that include GaN and SiC.

Relatively lower energy loss at low frequency is a distinguishing property of nano-crystalline soft magnetic materials, which has extended their application scope into transformers. These materials tackle energy loss issues faced in transformers, while enabling downsizing of the system. High magnetic permeability, along with robust flux density, of nano-crystalline soft magnetic materials has propelled their employment in power transmission industry, witnessing increased used as transformer cores. Upward trend toward energy conservation has further attracted transformer manufacturers’ interest in using nano-crystalline soft magnetic materials for large transformers.

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India Pipeline Thermal Insulation Materials Market Shares, Strategies and Forecasts, Analysis and Overview upto 2026

The India pipeline thermal insulation materials market is expected to register significant growth in the near future, primarily due to the rapid industrial growth being driven by favourable government policies and initiatives, such as “Make in India” initiative, and attractive foreign direct investment (FDI) policies. Moreover, the rapidly growing chemical and petrochemicals industry is set to create lucrative growth opportunities in the India pipeline thermal insulation materials market over the forecast period. The pipeline thermal insulation materials market in the country is highly fragmented with a number of small scale manufacturers and is characterized by the intense rivalry among companies. Intense competition exerts price pressure in the pipeline thermal insulation materials market. This price pressure might put extra pressure on the companies to reduce their product cost and thus, may hamper the revenue stream of the companies operating in the pipeline thermal insulation materials. As a result, small-sized refractory manufacturers in the country may go bankrupt or cease to exist. This may translate into restricted growth of the pipeline thermal insulation materials market in the country.

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Growing environmental concerns, increasing focus on the development of sustainable energy and increasing adoption and use of insulation materials for process applications are some of the factors that are expected to push the demand for pipeline thermal insulation materials across a diverse set of industries, including oil & gas, power generation, food & beverages and chemicals & petrochemicals, among others.

The India pipeline thermal insulation materials market is segmented on the basis of product type, temperature, end-use industry and region. On the basis of product type, the India pipeline thermal insulation materials market is segmented as a calcium silicate, ceramic fibre, cellular glass, glass mineral wool, rock mineral wool, polyurethane foam, microporous insulation, aerogel and others. Rock mineral wool, followed by glass mineral wool segment, dominates the pipeline thermal insulation materials market and the two segments are estimated to collectively account for almost four-fifth of the overall volume share in the India pipeline thermal insulation materials market.

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Rock mineral wool insulation segment dominates the India pipeline thermal insulation materials market owing to its low cost, efficient insulation properties and higher strength. However, aerogel and microporous insulation segments, by product type pipeline thermal insulation materials, are estimated to be the fastest growing segments. However, the growth of the aerogel & microporous insulation segment in the India pipeline thermal insulation materials market is expected to be hampered due to its high cost as compared to its counter parts.

The India pipeline thermal insulation materials market is segmented into four segments. From a regional perspective, western region is projected to lead the India pipeline thermal insulation materials market, in terms of both production and consumption. The north and south India pipeline thermal insulation materials market is expected to follow the western region in terms of pipeline thermal insulation materials consumption.

The report highlights some of the leading companies operating in the India pipeline thermal insulation materials market, such as Murugappa Morgan Thermal Ceramics Limited, U.P. Twiga Fiberglass Limited, NGP Industries Limited, Dhanbad Rockwool Insulation Pvt. Ltd., Lloyd Insulations (India) Ltd., Rockwool India Pvt. Ltd., Rockwool International A/S, HIL Limited and Aspen Aerogels, Inc., among others.

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Fumed Silica Market Remains Highly Consolidated as Tier III Companies Hold Less Than 10% Market Share

Evonik Industries AG, a German manufacturer of fumed silica, accounts for nearly one-third market share. Evonik is investing heavily in expanding its fumed silica capacities worldwide to establish a strong presence in the international markets.

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Evonik recently announced its plans to expand its fumed silica capacities in Antwerp, Belgium to be in line with its strategy to solidify its position in the European fumed silica market. The company also revealed its plan to expand its hydrophobic fumed silica production in Rheinfelden, Germany by 20% in response to burgeoning demand for specialty silica varieties.

Evonik also announced that it has agreed to form a joint venture with a Chinese chemical company – the Wynca group; the new facility planned in China is projected to manufacture 8,000 metric tons of fumed silica annually.

Other leading manufacturers in the fumed silica market, such as Cabot Corp and Wacker Chemie AG collectively hold over 40% revenue share in the market. Captive consumption of fumed silica is likely to continue complementing the incremental growth of top manufacturers in the fumed silica market.

Stringent regulatory framework, challenges associated with the availability of raw materials, and cyclic behavior of end-use industries present major barriers to entry for small and medium-scale businesses in the fumed silica market. Tier III manufacturers are facing major challenges at raw material procurement as leading firms are controlling supply chain operations in the fumed silica market.

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Furthermore, ensuring product regulatory compliance results in additional manufacturing costs and delayed market entry, which is making it challenging for new entrants in the fumed silica market to maintain competitive prices. In addition, top players in the fumed silica market account for the largest market share through captive consumption of fumed silica. This is making fumed silica market highly concentrated among top market players and Tier III fumed silica companies account for less than 10% revenue share of the market.

The full-blown trade war between the U.S. and China, the world’s two largest markets for fumed silica, is influencing the prospects of the global market for fumed silica as many industrial applications of fumed silica, including adhesives, bore a significant impact.

China’s retaliation to the U.S. plans to take the trade war to a fever pitch has resulted in Chinese government levying heavy tariffs on U.S.-made products, including adhesives, which is one of the most common applications of fumed silica. Additionally, U.S. tariffs on Chinese aluminum and steel products have facilitated a shift from metal to composite/plastic in motor vehicle manufacturing, which is making a huge, albeit indirect, impact on the demand for adhesives.

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SAP Cloud Platform Services Market In-Depth Research & SWOT Analysis by Major Companies to 2028

Top IT-tech companies continue to maintain their status quo as leading vendors of SAP cloud platform services. Top 4 companies account for a significant revenue share apropos distribution of SAP cloud platform services. Vendors including SAP SE, Accenture Plc, Infosys Limited and IBM Corporation collectively for over 30 percent of the SAP cloud platform services market owing to their huge distribution infrastructure and geographical reach in the cloud services marketplace.

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Tier 1 vendors in the SAP cloud platform services market have been focusing on Asia Pacific region on the back of grabbing potential opportunities with significant growth across various industries including BFSI, consumer goods, IT & telecom and manufacturing, to name a few.

Strong presence of these companies along with their alliances in the Asia Pacific is likely to provide significant opportunities for sales of SAP cloud platform services. For instance, recently, Infosys Limited announced its expansion plans in Asia Pacific by initiating a joint venture with Temasek – a Singapore based company. This joint venture can facilitate expansion of IBM in Southeast Asia in the software services marketplace, in turn adding another sales funnel to the SAP cloud platform services portfolio.

Likewise, IBM Corporation continues to expand its cloud footprint across Sydney and Tokyo in Asia Pacific and other regions including UK, Germany, Dallas, Washington DC and Texas. Multi-zone cluster strategy of key vendors in the SAP cloud platform services is likely to augment the sales of SAP cloud platform services.

Intelligence cloud innovation, the SAP HANA technology by SAP SE, has transformed the SAP cloud platform services marketplace by facilitating in-memory analytics, and next generation AI driven automation, consequently providing actionable insights and digital edge to businesses. The three-fold benefits of SAP HANA have significantly influenced its demand, in turn paving new pathways for SAP cloud platform services.

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Demand for SAP cloud platform services is largely influenced by their capability in regulating processes under disruptive business models. SAP cloud platform services facilitating digital transformation, offer flexible software that enables quick adaptation. In addition, SAP cloud platform services bring about scalability in processes without altering existing software. SAP cloud platform services provide real-time business data along with agility in application development which can enhance business proficiency and profitability. This aspect continues to impact the need for scalable cloud services such as SAP cloud platform services.

Scope of SAP cloud platform services usability has increased with their use by startups, developers and Independent Software Vendors (ISVs). In a bid to achieve faster ROI and profitability, these end users are leveraging the reach of SAP cloud platform services, which is expected to augur well for the SAP cloud platform services market.

Pacific Drilling that delivers prototypes to end users has been able to enhance app creation by around 75 percent by using SAP cloud platform services. National Football League has adopted SAP cloud platform services (HANA) to provide statistics and figures to enthusiasts along with player analysis. Use of SAP cloud platform services has translated into a 45% growth of the NFL site in terms of usage and content consumption.

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Smart Parking Solutions Market Rapid Growth with Huge Application Scope by 2028

The smart parking solutions market remains highly consolidated, with established and mid-sized companies accounting for 40-50% and 30-35% of the revenue share respectively. Large scale companies continue to invest heavily in research and development to fuel innovations, which gives them a competitive edge over other players in the market. Strategic mergers and acquisitions, coupled with collaboration with city authorities to provide for smarter mobility solutions, are among key expansion strategies of these market players.

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Apart from the aforementioned key players, the report on smart parking solutions market also features detailed profiling of other leading companies in the market, which include Scheidt & Bachmann GmbH, DESIGNA Verkehrsleittechnik GmbH, Cubic Corporation, ABM Industries Incorporated, TIBA Parking, WPS Parking System BV, Kudelski SA, and SWARCO AG.

Smart city projects offer sustainability in addition to enhanced performance. With the transformation of a city into a smart city, authorities around the world can provide for better security, transport and traffic management, waste management, energy efficiency, and can improve the lifestyle of the population comprehensively. In addition to these benefits, smart cities will contribute towards the welfare of the environment and allow for stabilization of global temperatures. Growing environmental concerns, traffic congestion, and the population are causing governments around the world to look towards the development of smart cities which will effectively improve the quality of life while aiding authorities in saving resources. These factors have attracted heavy investments in smart technologies around the world and are fuelling the demand for smart parking solutions on a global scale.

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Increasing penetration of wireless networking systems, IoT, and cloud-based services, has laid down the platform for innovations in the smart parking solutions market. For instance, easy accessibility to affordable GPS, cloud software, smartphones, and smart sensors is resulting in the development of sophisticated systems that aid drivers in detecting the nearest empty parking spot in real-time. The emergence of cashless transactions and e-payment facilities are further paving gateways to new opportunities for smart parking solution companies to explore. Moreover, developments in artificial intelligence and machine learning are aiding companies in making groundbreaking discoveries in the field.

Smart parking solutions can potentially open up new revenue streams for city municipalities and parking lot owners. There are many parking spots in cities that remain under-utilized, and leveraging smart parking technology, data from multiple sources can be collected and used as a parking guidance system for drivers in return for money. The round the clock monitoring services offered by smart parking systems coupled with automated payment collection can help parking lot owners in saving on manpower while eradicating the inefficiencies associated with the manual collection and management framework. Furthermore, parking lot owners can utilize the data collected from the monitoring systems and can streamline the management process to ensure maximum profitability. Another key application of smart parking solutions is the demand-based pricing of parking spots. Smart parking solutions can be used to generate different prices for parking based on the demand for the service. Municipalities and parking lot owners are realizing the potential prospects smart parking solutions have to offer and are adopting them to increase their revenue.

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Automotive Tubeless Tires Market Demonstrates a Spectacular Growth by 2022

According to the study, increasing number of vehicles on road resulting in traffic congestion is expected to fuel the demand for passenger cars. As a result, the passenger cars are expected to hold a considerable share of automotive tubeless tires market with a healthy CAGR of 7% during the period 2017-2022. The segment is expected to surpass a value of over US$ 85 Bn in automotive tubeless tires market by the end of 2022.

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As per the research, APEJ is anticipated to account for the largest share of the passenger car segment with revenue exceeding US$ 23 Bn by the end of 2019. This is followed by Europe, which is predicted to surpass a value of US$ 17 Bn by the end of the same year.

This detailed research report on automotive tubeless tires market is the result of an accurate and reliable research methodology employed to compile the study and assess the crucial drivers, trends, and restraints of automotive tubeless tires market. Primary as well as secondary research methodologies have been leveraged to obtain significant insights into automotive tubeless tires market.

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Interviews with the experts of automotive tubeless tires market were set up in order to form the basis of the primary research of automotive tubeless tires market, while press releases, trade journals, paid sources and similar other publications related to automotive tubeless tires market. Ultimately, the data obtained from the primary and secondary methodologies are combined to filter out any misleading and vague information and the research report is compiled with only accurate of the insights into automotive tubeless tires market.

Other key competitors operating in automotive tubeless tires market include Cheng Shin Rubber Industry Co., Continental AG, Sumitomo Rubber Industries Ltd, Pirelli & C. S.p.A., Madras Rubber Factory Limited, Apollo Tyres Ltd., The Goodyear Tyre & Rubber Company, The Yokohama Rubber Co., Ltd., and Michelin North America Inc.

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Two-wheeler Lighting Market Share, Growth by Top Company Forecast to 2022

A majority of modern two wheeler models equipped with the AHO (automatic headlight on) feature underlines the growing significance of vehicle safety worldwide. Besides the increasing necessity to embrace the safety quotient, two wheeler lighting manufacturers are considering improved aesthetics and lower energy consumption of paramount importance. This parallel requirement has been compelling OEMs as well as two wheeler lighting system providers to incur the shift to high performance LED in the global two wheeler lighting market.

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While the recent past has been observing growing adoption of LED especially in rear lamps, headlamps still record major reliance on halogen and projector two wheeler lighting. Although LED is visibly gaining grounds in the global two wheeler lighting market, halogen will continue to represent the most preferred two wheeler lighting source over the years ahead.

Two wheeler lighting market analysis by the type of product reveals that front lamp and headlamp will represent a similar opportunistic scenario for two wheeler lighting market participants. Headlamp is however slated to bag in a slightly higher revenue in two wheeler lighting market, by the end of 2022. Front indicators and side lights are also projected to emerge as important product type segments over the examination period, in two wheeler lighting market.

On the basis of vehicle type, motorcycle will continue to account for more than a quarter of the total two wheeler lighting market revenue throughout the forecast period. While elevating motorcycle sales have been prominent fueling the two wheeler lighting market in the recent years, the report estimates higher impact of brisk motorcycle in the near future. Catering to an extensive range of use cases including economical, luxury, and sports, motorcycle sales will remain on a higher side – majorly driving Europe and APEJ markets for two wheeler lighting. The latter is presumed to outgrow the former through 2022, in terms of growth rate.

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Moped is another attractive vehicle type for two wheeler lighting manufacturers, as it continues to gain traction owing to unmatched convenience, comfort, price point, and suitability for consumers of a wide range of ages. Moped segment is anticipated to witness significant innovation in design, styling, and performance of headlamps, tail lights, front and rear indicators, and side indicators.

Based on the voltage, 12V segment in the two wheeler lighting market registered over three-fifth share of the global market value in 2017. While 14V segment in the two wheeler lighting market is poised to see steady growth over the course of assessment period, 12V is likely to approach the valuation equating US$ 1.5 Bn towards the end of 2022. Leading players in two wheeler lighting market are expected to direct their investments in the 14V segment to improve penetration in APEJ over the next few years.

As aftermarket is expected to remain dominant over OEMs in terms of sales channel, leading stakeholders in the two wheeler lighting market are focusing more on expanding their strategic footprint targeting aftermarket sales. However, the report also indicates a possibility of OEMs emerging as a lucrative sales channel in the two wheeler lighting market over the course of next few years. While Europe and APEJ continue to secure top performing market positions, it remains to be seen whether emerging Asian economies hold the potential to outweigh European market for two wheeler lighting over the upcoming years.

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