Trucking Industry Holds Significant Share in the Fuel Card Market
Fact.MR finds that undergoing digital transformation and environmental regulations have triggered adoption of fuel cards for optimizing fuel consumption among truck fleet operators. Fact.MR opines truck fleet operators currently account for nearly 70% transactional value of fuel cards globally.
Robust freight demand, triggered by the rapidly-growing e-commerce sector, has fueled the growth of the trucking industry around the world. As a result of increasing manufacturing output and discretionary spending, leading truck fleet operators have expanded in terms of fleet size and bulk fuel purchasing.
Fleet management teams have discovered the efficiency, simplicity, and productivity of fuel cards for accounting fuel expenses of the company. Leading players in the trucking industry are implementing digital fleet management systems, which involve the use of fuel cards, in order to improve profitability of their businesses
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wireless charging market is expected to be valued at USD 4.5 billion in 2021 and projected to reach USD 13.4 billion by 2026, at a CAGR of 24.6% between 2021 and 2026. The growth of the wireless charging market is attributed to the rising adoption of wireless technology in consumer electronics; increase in sales of electric vehicles; and ability to charge multiple devices.
The COVID-19 impact forecast for the wireless charging market in this report is based on the quarterly and annual reports of the companies under study. Primary interviews have confirmed the downward trend in the wireless charging market in 2020. However, the market is expected to rise after the COVID-19 crisis has been neutralized, as governments have imposed strict policies to maintain safe environments in all manufacturing industries. At present, the adoption of wireless charging is high in the consumer electronics, and automotive industries.
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The global liquid fertilizers market size is estimated to be valued at USD 2.4 billion in 2020 and is projected to reach USD 3.0 billion by 2025, recording a CAGR of 4.4%
The report
“Liquid Fertilizers Market by Type (Nitrogen, Phosphorus, Potassium, and Micronutrients), Mode of Application (Soil, Foliar, and Fertigation), Major Compounds (CAN, UAN, MAP, DAP, and Potassium Nitrate), Crop Type, and Region – Global Forecast To 2025″, The global liquid fertilizers market size is estimated to be valued at USD 2.4 billion in 2020 and is projected to reach a value of USD 3.0 billion by 2025, growing at a CAGR of 4.4% during the forecast period. Factors such as the rise in demand for high-efficiency fertilizers and an increase in crop varieties are projected to drive the growth of the liquid fertilizers market.
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60% of Advanced Ceramics Sales Concentrated in Power and Metallurgy, finds Fact.MR study
Advanced high strength steel was introduced with a motive to partly address concentrated formability with enhanced strength as a substitute for conventional steels. They were associated with complex geometrical parts which require high formability. Hence, advanced high strength steel is been actively employed across multimodal applications like automotive rails, front end structures, crash boxes, automotive pillars and doors, as well as sill reinforcements. A smart report published by Fact.MR details that vehicular safety functions as a key growth factor across developed and developing economies, thereby creating constant opportunities for advanced high strength steel manufacturers. This study is titled “