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Showing posts from September, 2022

Precision Gearbox Market Is Extrapolated To Grow In Future, Because Of Rising Awareness About Product Benefits Across Various Industries

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      Precision Gearbox Industry Overview   The global  precision gearbox market  size is expected to reach USD 5.72 billion by 2030, as per a new report by Grand View Research Inc. The market is anticipated to expand at a CAGR of 9.6% from 2022 to 2030. Increasing implementation of automation technology throughout the production process is likely to propel the demand for the installation of robots and is anticipated to drive the growth of the market.   The presence of a large number of raw material suppliers, providing multiple options to product manufacturers is projected to result in low bargaining power. In addition, the low switching cost for manufacturers is expected to decrease the bargaining power of suppliers. Hence, the bargaining power of suppliers is low to medium.   Precision Gearbox Market Segmentation Grand View Research has segmented the global precision gearbox market based on product, application, and region:   Based on the  Product  Insights, the market is segmented

Lawn Mowers Market To Predict Global Expansion, Based On Rising Popularity Of Autonomous Or Robotic Lawn Mowers

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    Lawn Mowers Industry Overview   The global  lawn mowers market  size is projected to reach USD 48.6 billion by 2030, registering a CAGR of 5.7%, according to a new report by Grand View Research, Inc. The industry growth witnessed a mild hiccup with supply disruptions from the impact of COVID-19 in 2020; however, the growth declined by not more than one percent. The newly minted work-from-home model paved the way for several consumers with more time to involve in gardening and lawn mowing activities. With households diverting funds from traveling to home landscape projects, the market reached pre-COVID levels in 2021. However, factors such as ongoing semiconductor shortage, rising labor costs, and materials associated with upgraded customer comforts, more robust frames, and high-quality mowers are influencing the lawn mower's prices, thereby limiting the market growth over the forecast period.   Lawn Mowers Market Segmentation Grand View Research has segmented the global lawn mo

Point Of Sale Software Market To Show Astonishing CAGR, Based On Increased Demand For Contactless Payment Options

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    The global  point of sale software market   size is expected to reach USD 19.56 billion by 2028, registering a CAGR of 9.5% over the forecast period, according to a new report by Grand View Research, Inc. Over the last few years, the restaurant industry has witnessed an uptick, largely favored by improving economy. However, restauranteurs are still facing challenges that could potentially hamper their performance as well as revenue. Moreover, the pandemic has hit the business substantially as countries went into lockdowns and travel & tourism came to a sudden halt. This, in turn, impacted the point of sale (POS) software business for the short term.   In addition, restaurant operators also face challenges in terms of complexities associated with order management while delivering the food on time and ensuring outstanding customer service. To meet the changing customer requirements and decrease the food as well as operational costs, restaurant operators are relying heavily on inn

Location Intelligence Market Is Expected To Grow As Of Increasing Smartphone Penetration And Location Infrastructure

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      The global  location intelligence market  size is anticipated to reach USD 51.25 billion by 2030, growing at a CAGR of 15.6% from 2022 to 2030, according to a new study by Grand View Research Inc. The growth in web-mapping services, portable navigation devices, and smartphone applications is anticipated to be a significant factor driving the market growth. Furthermore, factors such as increasing smartphone penetration and location infrastructure are likely to create opportunities for market growth over the forecast period.   AT&T, ESRI, Google, Qualcomm, Intel, and Apple are some of the companies investing significantly in location intelligence technologies. The solution providers integrate real-time location monitoring capability into devices such as vehicles, smartphones, and aircraft. These technologies help businesses identify behavior & consumer trends and collect information on niche markets to improve decision-making, deliver better services and products, and reduc