Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

In the airline industry, ancillary revenue refers to the earnings generated from non-ticketing sources, like onboard retail, baggage fees, and other associated services provided to the passengers.

In this report, Technavio covers the present scenario (considering the base year to be 2016) and the growth prospects of the global aircraft tire market for 2017-2021. To calculate the market size, the report considers the revenue generated in the overall market from the procurement of new tires (for new aircraft) as well as the retreading or replacement of existing tires. However, both the funded and non-funded R&D investments in the development of next-generation tires are not considered in deriving the market size for the base and projected years. Also, the sales of defense aircraft tires and rotorcraft tires have not been considered.

本周SW 交运指数-1.40%，表现弱于沪深300 指数3.30 个百分点。交运行业子板块中，表现最好的板块为机场板块(-0.2%)，其次为公路板块(-0.3%)及公交板块(-0.4%)。

铁路改革深度研究系列（一）中，我们从铁总财报出发，拆解其ROE，发现净利率下滑与资产周转率下降是导致铁总ROE 水平远远低于海外的原因。对此我们提出四大突破口：价格市场化；盘活资产；清算机制透明化及资产证券化。

Automated storage and retrieval system (ASRS) is complex automated device having tall racks, stacker cranes, inventory in/out systems, automatic storage and retrieval equipment, and computer management systems. These systems are used for automated retrieval and placement of loads from different defined storage locations.ASRS can be of different types such as unit load, mini load, and tunnel style

systems. These systems can be used in various industries such as automotive, retail,and food and beverage (F&B).

The revenue generated from non-aeronautical services conducted in airports is known as non-aeronautical revenue. These services include hangar rentals, food and beverages, car rentals, and vehicle parking.In this report, Technavio has considered five major sources of non-aeronautical revenue, including the revenue generated from concessionaires, parking and car rentals, land rent, terminal rentals, and other services.Technavio expects the global airport non-aeronautical revenue market to grow at a CAGR of 8.95% during the forecast period. In 2016, Europe, Middle East, and Africa (EMEA) led the market with a share of 37.21%, followed by the Americas with a share of 32.69%, and Asia-Pacific (APAC) with a share of 30.1%. Over the forecast period,APAC will be the fastest growing market in terms of generating non-aeronautical revenue, with a major share of expenses from China, India, Singapore, Japan,Malaysia, Indonesia, and Thailand.

A cold chain is an uninterrupted supply chain that includes a network of facilities and distribution options. Various stages and processes in this supply chain operate under controlled temperature and humidity. China’s cold chain system is growing exponentially, resulting in various enterprises integrating such systems for the preservation of their products. The government of China is also integrating laws

related to food safety and investing in cold chain projects. This is further driving the growth of the cold chain market in China.This report covers the present scenario and the growth prospects of cold chain market in China for 2017-2021. In this report, the market is segmented based on the type of cold chain, which is refrigerated storage and refrigerated transport. The market is also segmented based on end-users, which include meat, fish, and seafood; fruits and vegetable; dairy and frozen food; and bakery and confectionery industries.

Barge transportation refers to the mode of transporting dry and liquid bulk commodities in a barge vessel (a flat-bottomed boat) through rivers and canals.Some barges have to be pushed or towed, while others are self-propelled.Barge transportation is a sustainable mode of transportation and is environmentfriendly,with respect to emission of CO₂ (carbon dioxide) gases and energy consumption.The barge transportation market in Europe is expected to grow at a CAGR of 1.80% during the forecast period. Decline in oil prices in Europe since 2012 has had a positive impact on the inland waterway operators. The falling oil prices and low-interest rate have reduced the operating cost of barges. However, environmental agencies are concerned that the decline in oil prices will likely increase the use of fossil fuels, which could lead to a rise in the global temperature by 35.6℉.

Packaged refrigeration systems are gaining momentum as they provide substantial cost, space, and time advantages. Packaged refrigeration systems of all individual systems in-factory as opposed to filed fitted systems, which are completed on-site, require only electrical and piping services. As the fabrication of these systems can be completed before hand, they can be instrumental in reducing the overall delivery timeline. Packaged refrigeration systems are manufactured in a controlled environment, which helps to ensure higher standards of quality control. The ease of customizing these systems in relation to the required application is a major factor that will drive the demand. This reduces designing and adaption cost of single elements, as well as installation time and cost on-site. Also, these systems can be manufactured in almost all sizes, requiring minimal on-site connections. Also, the flexibility in the use of refrigerants and compressors will also encourage their adoption. Services such as commissioning are available from one source.