Rahul Gautam published Smart Parking Systems Market Investment Opportunity by 2024 in Submit Content 2020-08-11 03:44:20 -0700
A major issue with buying a vehicle is parking-related concerns. As per the industry experts, about 30.0% of traffic congestion is the result of people searching for parking spaces. This has further led to a surging amount of traffic congestion on roads, along with growing number of vehicles, particularly in major cities. In addition to this, various people do not follow parking rules and park their vehicles in an incorrect manner, thereby leading them to pay parking fines. It is because of these reasons that various countries are making use of smart parking systems.
According to a report by P&S Intelligence, the global smart parking systems market is projected to reach a value of $9.1 billion by 2024, rising from $3.4 billion in 2018, advancing at a 16.1% CAGR during the forecast period (2019–2024). Smart parking systems make use of internet of things (IoT) and send data about occupied and free parking spaces through web or mobile applications. The IoT-device is located in every parking place and the user receives live updates regarding all parking spaces that are available, therefore can choose the best one. These systems are primarily being utilized in smart cities.
As the number of vehicles on roads in urban cities has increased, there is pressing need for making use of advanced technologies to make the flow of traffic smooth. Within the region, the U.S. has been the largest user of smart parking systems up till now. Other than this, the demand for these systems is also expected to increase considerably in Asia-Pacific, thereby making the region the fastest-growing smart parking systems market demand in the coming years. This is due to the increasing requirement for connected and automated vehicles and rapid development of smart cities.
In conclusion, the demand for smart parking systems is increasing due to the surging traffic congestion on roads and development of smart cities.
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Market Segmentation by Parking Site
Market Segmentation by Technology
Market Segmentation by End User
Rahul Gautam published U.S. Manufacturing Analytics Market With the Best Scope, Trends, Benefits, Opportunities to 2030 in Submit Content 2020-08-08 05:43:57 -0700
The rising focus on improving supply chain management is one of the biggest factors fuelling the rise in the adoption of manufacturing analytics in the U.S. The main factors responsible for the increasing focus toward enhanced supply chain management are soaring awareness about supply chain management, rising need for higher customer satisfaction and reduced operational costs, and increasing demand for improved inventory control. The manufacturing analytics tools help in powering the intelligent and autonomous systems for streamlining the various supply chain processes.
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In addition to this, the analytics solutions help the manufacturing companies in improving supply chain communications. The burgeoning need for higher organizational and operational visibility through big data is another important factor propelling the demand for manufacturing analytics in the U.S. Big data is being increasingly adopted by several manufacturing companies in the U.S. for data collection and attaining real-time insights.
This data helps the companies in attaining a holistic understanding about their business operations and activities, which, in turn, help them optimize operations, improve production, and address potential issues before their occurrence. Due to the above-mentioned factors, U.S. manufacturing analytics market value is predicted to increase from $2.5 billion in 2019 to $14.1 billion by 2030. The market is expected to progress at a CAGR of 17.6% during the forecast period (2020–2030).
There are two methods by which the manufacturing analytics solutions are commonly deployed — cloud and on-premises. Of these two, cloud-based manufacturing analytics solutions are predicted to observe faster growth in implementation during the forecast period, owing to the enhanced flexibility and scalability offered by these solutions.
Rahul Gautam published Mattress and Accessories Market Demand in Canada in Submit Content 2020-08-08 04:54:59 -0700
The disposable income of people in Canada is rising on account of strong economic growth. For example, as per the Organisation for Economic Co-operation and Development, the average annual household disposable income of people grew by 3.6% in 2017 in the country. Ascribed to this, the home ownership rate in the country as well. Furthermore, people are now able to spend more money on luxurious household items. In addition to all this, people are increasingly health-conscious and are willing to pay extra for high-prices heath-improving products. Busier lifestyle of people is resulting in increased mental exhaustion, which is further making a proper sleeping schedule necessary.
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Key Questions Addressed/Answered in the Report
- What is the current scenario of the Canada Mattress and Accessories market?
- What is the historical and the present size of the market segments and their future potential?
- What are the major catalysts for the market and their impact during the short, medium, and long terms?
- What are the evolving opportunities for the players in the market?
- Which are the key geographies from the investment perspective?
- What are the key strategies adopted by the major players to expand their market share?
Attributed to all these factors, the demand for mattresses, and other related accessories, is increasing in Canada. As per a report by P&S Intelligence, the Canadian mattress and accessories market is predicted to attain a value of $2,689.8 million by 2024, growing from $2,468.7 million in 2019, advancing at a 1.7% CAGR during the forecast period (2019–2024). Between mattresses and bedding accessories, the demand for mattresses was higher in the past. different types of mattresses are latex, innerspring, and memory foam.
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This being said, the demand for bedding accessories, such as pillows, blankets, and bed linen, is predicted to grow significantly in the near future. All these products are available at specialty furniture stores, mass markets, and online stores. The largest demand for mattresses and accessories was created by specialty furniture stores in the past, as most people prefer to buy such items from specialty stores. In addition to this, a number of key specialty store chains are present in Canada, such as IKEA, Brault & Martineau, and Sleep Country Canada. Other than this, the demand for these products is also projected to rise from online platforms in the near future.
Competitive Landscape of Canada Mattress and Accessories Market
The market for mattress and accessories in the country is demonstrating a highly fragmented landscape, with no company achieving a strong share in 2018. This can be attributed to the presence of a large number of companies with similar products. Some of the prominent market players include Tempur Sealy International Inc., Serta Simmons Bedding LLC, GoodMorning.com Inc., Casper Inc., CleanBrands LLC, Bedgear LLC, Malouf, and Phoenix A.M.D. International Inc.
Rahul Gautam published Reefer Container Market Entry and Development Strategy in Emerging Markets in Submit Content 2020-08-07 03:12:31 -0700
According to P&S Intelligence, the increase in the number of trade routes would help the global reefer container market grow. In April 2019, the Chongqing municipality in south-western China was linked to Indonesia via a new trade route, which, in September 2019, was connecting 190 ports across 90 nations. Moreover, with Asian countries increasing their influence on worldwide trade, trade routes are expected to get increasingly directed toward this region.
In addition, much of the long-distance trade is conducted via ships, which makes the sea the most important trade mode. All these factors are predicted to propel the reefer container market to a volume of 5,981.6 thousand twenty-foot equivalent units (TEU) in 2030, from 2,915.6 thousand TEUs in 2019, at a 7.3% CAGR between 2020 and 2030.
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In the coming years, the highest CAGR in the reefer container market would be witnessed by the Latin America, Middle East, and Africa (LAMEA) region. Within LAMEA, the highest adoption of reefer containers is expected in Brazil, due to the increasing trade of frozen and chilled goods between Brazil and China and India. Moreover, Brazil, which is the most-productive market for logistics in LAMEA, contributed $145 billion to the regional logistics market in 2019.
Due to the COVID-19 outbreak, the reefer container market has been affected in a negative way. Contract, liquidity, labor, and several other issues have caused much economic stress to logistics and shipping companies. Moreover, global trade has declined by around 15%, and employee payments have also ceased or are delayed. With a complete or partial ceasing of trade operations and port closures, the supply chain has been severely hampered, which has further led to a reduced demand for reefer containers.
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The most prominent companies in the global reefer container market are Singamas Container Holdings Ltd., SeaCube Container Leasing Ltd., A.P. Moller - Maersk A/S,China International Marine Containers (Group) Co. Ltd., Triton International Ltd., Seaco Srl,MSC Mediterranean Shipping Company S.A., Ocean Network Express Pte. Ltd., Hapag-Lloyd AG, and ZIM Integrated Shipping Services Ltd.
Rahul Gautam published Europe Electric Bus Charging Station Market Report 2020-2025 in Submit Content 2020-08-07 02:40:26 -0700
Growing at a 17.8% CAGR during the forecast period, the European electric bus charging station market is estimated to generate a revenue of $697.7 million by 2025. The inclusion of electric buses in the public fleet, implementation of government schemes and regulations favoring their usage, as well as the increasing investments in building electric bus charging infrastructure are driving the market growth.
Enormous inflows of investment for developing the charging station infrastructure are being witnessed by the European electric bus charging station sector. Electric buses are being increasingly adopted in many countries as they have become affordable due to the implementation of different subsidy schemes. For instance, in 2018, the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety of Germany created an $82.7 million fund to encourage public transport operators to invest in electric and plug-in electric buses.
The categories of the electric bus charging station market in europe, based on power, are less than 50 kW, 50–150 kW, 151–450 kW, and more than 450 kW. In terms of volume, during the historical period, the less than 50 kW category dominated the market. However, the fastest growing category during the forecast period is expected to be the more than 450 kW category, due to the increasing requirement for faster charging of electric buses.
Government support for clean mobility is the major factor driving the European electric bus charging station sector growth. The European Union as well as the government of individual nations are offering a variety of tax rebates and incentives for the purchase of electric buses, which is expected augment the construction of charging stations. For instance, the German government created a $82.7 million (EUR 70 million) fund in 2018 for purchasing electric buses and constructing the related infrastructure.
This increase in such support was witnessed after the Paris Climate Agreement came into effect, wherein nations agreed to significantly reduce their carbon emissions. Further, the European Clean Bus Deployment Initiative was signed in 2017, after which the governments received a clear direction on how to go about making the earth a greener place. Hence, as nations become even more committed toward reducing pollution and purchase a larger number of electric buses, the charging station sector will also grow.
Some of the prominent players in the European electric bus charging station market are Bombardier Inc., Schunk Carbon Technology, Ekoenergetyka-Polska Sp. z o.o., Heliox BV, Powerdale NV, and JEMA Energy SA.
Rahul Gautam published India Gasoline Scooter and Motorcycle Market Outlook 2020 in Submit Content 2020-08-06 05:42:18 -0700
The rising income levels in Tier 2 and Tier 3 Indian cities is resulting in increasing sale of scooters and motorcycles, which run on gasoline. Valued at $22.0 billion in 2017 by P&S Intelligence, the Indian gasoline scooter and motorcycle market is set to grow at a CAGR of 8.8% during the forecast period 2018–2025. It is being estimated that by 2025, the market size will increase to $42.4 billion.
The major growth factor of the domain is rising income levels, which has given people more power to buy private vehicles. Among these, gasoline-powered two wheelers are preferred due to easy financing solutions, heavy discounts, fuel-efficient models. Further, many financially-stable people are purchasing a two-wheeler for short commute, despite owing a car, as the former are easier to drive and park on the narrow and congested Indian streets. This is how two-wheelers are becoming the second, and often the preferred, transportation mode, taking the Indian gasoline scooter and motorcycle market forward.
In addition, scooters and motorcycles are witnessing an increased demand from Tier 2 and Tier 3 cities. Such cities are witnessing population growth, owing to the industrial and economic developments here. Land, to set up manufacturing plants, is available at low rates in these cities. This is leading to economic development, which is, in turn, attracting the workforce from rural and semi-rural areas. Therefore, the financial prosperity of people after getting employment in such industries is another factor for the domain’s growth.
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On segmenting by product, the gasoline scooter and motorcycle market in India is categorized simply into motorcycles and scooters. In 2017, motorcycles dominated the market with over 65.0% revenue share, due to increasing motorcycle sales, especially in rural and semi-rural regions that are on the verge of urbanization. Road connectivity to such places has increased significantly, and loans are also available at low interest rates, leading to increasing two-wheeler sales. The fact that there are 108 motorcycles per 1,000 people in the country cements this finding. Motorcycles are cheap to purchase and operate, which is why these are preferred in urban as well as rural areas, with considerably less scooter penetration.
Similarly, the gasoline scooter and motorcycle market in India can also be segmented by engine capacity, wherein <100cc, 100-125cc, 125-150cc, 150-180cc, 180-250cc, 250-500cc, and >500cc are the several categories. Among these, two wheelers with 100-125cc engine capacity registered the highest sales volume in 2017 (over 70.0%), as these provide the perfect balance between power and price. Further, a shift has been seen in people’s preference from low-powered two wheelers to higher-powered ones.
Along with a growing inclination toward higher-powered two wheelers, a change in preference from low-cost to premium vehicles is also being observed in the Indian gasoline scooter and motorcycle market. With rising income levels, people, especially the youth, are switching over to premium two-wheeler brands, such as Harley-Davidson and Royal Enfield, which produce high-powered models. In a way, the increasing sale of premium two-wheelers is also driving the market growth.
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Hence, it is clear that the improving financial condition of people in rural and semi-rural areas and rapid industrialization in Tier 2 and Tier 3 cities is expected to drive the domain forward.
Rahul Gautam published Indian End-of-Life Vehicle and Dismantling Market - How can businesses cope with COVID-19 in Submit Content 2020-08-06 03:49:49 -0700
India is reeling under high levels of air pollution, which is why the National Green Tribunal (NGT) and Supreme Court have passed stringent regulations, which have considerably reduced the number of years an automobile can be driven for. For instance, in Delhi/NCR, the maximum age of petrol and diesel vehicles has been brought down to 15 and 10 years, respectively.
This factor is predicted to propel the Indian end-of-life vehicle and dismantling market, which generated $3,474.0 million revenue in 2019, at a 17.2% CAGR between 2020 and 2030 (forecast period).
Ferrous-Metal Components To Contribute Highest Revenue to Market till 2030
Till 2030, the ferrous metal category would continue dominating the Indian end-of-life vehicle and dismantling market, because ferrous-metal components make up for around 70% of an average vehicle. These components can be easily extracted by using a strong magnet, and they also remain in high demand due to their easy reusability factor.
The four-wheeler division held a significant share in the Indian end-of-life vehicle and dismantling market in 2019, owing to economic growth. With an increase in their disposable income, a rising number of people in the nation are purchasing four-wheeled automobiles for personal as well as commercial use. Once they reach the end of their life, they will serve as the input for junkyards.
Maharashtra was the most productive state in the Indian end-of-life vehicle and dismantling market in the past, as the high purchasing power in the state results in a heavy sale of automobile, which, over time, are sent for scrapping. In the coming years, the NCT of Delhi division would grow the fastest in the industry, on account of its high air pollution levels, which has impelled the government to reduce the vehicles’ maximum service life.
Market Players Taking Numerous Steps to Dominate Competition
Seeing the high demand for automobile scrapping and recycling services, in the wake of the shutting down of unorganized salvage yards by government bodies, numerous established companies have entered the Indian end-of-life vehicle and dismantling market, with a number of strategic moves.
Moreover, also in November 2019, a joint venture was founded by Suzuki Motor Corp. and Toyota Motor Corp., for setting up an automobile dismantling facility in Noida. Once operational, the unit will be able to process 2,000 vehicles in a month, after which the two Japanese automakers hope to establish more such recycling plants in the nation.
Rahul Gautam published Automotive Sensors Market Business Revenue Forecast in Submit Content 2020-08-05 05:43:18 -0700
In 2019, the global automotive sensors market share reached a value of $25,723.8 million and is expected to generate a revenue of $58,215.3 million in 2030, witnessing a 7.4% CAGR during the forecast period (2020–2030). On the basis of application, the powertrain application accounted for the largest volume share of the market in 2019. This is because of the greater utilization of these sensors in transmission, engine, and alternator of the traditional internal combustion engine vehicles.
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The advanced driver-assistance system (ADAS) application is predicted to grow at the fastest pace during the forecast period in the automotive sensors market. At the present time, ADAS sensors find applications in level 1, 2, and 3 autonomous cars. The requirement for these sensors is projected to increase because of the introduction of level 4 and level 5 autonomous vehicles in 2023 and 2025, respectively.
The growing adoption of ADAS sensors is a major driving factor of the automotive sensors market. These sensors are becoming more and more important for vehicles due to the rising adoption of autonomous vehicles. Autonomous vehicles have various functions including eye tracking, natural language interface, driver monitoring, gesture recognition, and virtual assistance, which are highly dependent on enhanced automotive sensors. Furthermore, the development of ADAS, including driver condition evaluation systems, radar-based detection units, camera-based machine vision systems, and sensor fusion engine control units, is creating increasing demand for these sensors.
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A key trend in the automotive sensors market are technological advancements. For example, the concept of sensor fusion is gaining traction in the automotive industry. The intent of this technology is to combine the best information from each of the sensor systems installed in the vehicle. In addition to this, the growing installation of electronic devices in vehicles has increased the requirement for several automobile sensors for engine management systems, heating, ventilation, & air conditioning systems, and other application areas.
Rahul Gautam published Wood Vinegar Market Analysis 2020, Global Industry Trends, Size, Impact of COVID-19 till 2023 in Submit Content 2020-08-04 04:27:05 -0700
The factors driving the growth of the global market include improved crop yield, increasing base of end-use industries, increased government initiatives for bio-based products, and stringent environmental regulations. The key trend witnessed in the global market is poverty alleviation. Wood vinegar can be produced at either small scale or large scale in villages, utilizing local resources and feedstock. Wood vinegar production is helping to reduce poverty in several developing or underdeveloped countries. The global wood vinegar market is at its nascent form. Currently, very few players across the globe are involved in large scale production of wood vinegar. However, the distinct governments and organizations in several countries across the globe are framing regulations for bio-based economy and promoting bio-based products, which are supporting the growth of biochar production and biorefineries. As wood vinegar is a byproduct of char or biochar production, the government initiatives indirectly creates abundant opportunities for the growth of the wood vinegar market globally.
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Based on application, the agriculture segment dominated the global wood vinegar market during 2013-2015 in terms of value and volume, and it is expected to retain its dominance throughout the forecast period. The growth of agriculture application segment in the market is primarily driven by several advantages offered by wood vinegar in agricultural practices, such as root growth stimulation, improved seed germination, increased disease resistance in plants, and soil enrichment.
In 2015, Asia-Pacific held the largest share in the global wood vinegar market. The major reasons behind the growth of the market in the region are the large base of end-use industries and presence of a large number of local manufacturers in the region.
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The information and data in the publication “Global Wood Vinegar Market Size, Share, Development, Growth and Demand Forecast to 2023”, represents the research and analysis of data from various primary and secondary sources. An amalgamation of bottom-up and top-down approach has been used to calculate the market size. P&S Market Research analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
Among the various manufacturing processes, the slow pyrolysis manufacturing was the prominent process in the global wood vinegar market, during 2013-2015, in terms of value and volume of wood vinegar produced; also expected to retain its dominance throughout the forecast period.
Some of the major players operating in the global wood vinegar market are Ace (Singapore) Pte Ltd., TAGROW CO. LTD., Byron Biochar, Canada Renewable Bioenergy Corporation, NAKASHIMA TRADING CO. LTD., Nettenergy B.V., and Taiko Pharmaceutical Co. Ltd.
Rahul Gautam published Electric Bus Charging Station Market Outlook for UK in Submit Content 2020-08-03 07:15:53 -0700
From valuing $13.3 million in 2018, the U.K. electric bus charging station market is expected to garner $95.5 million in revenue by 2025, registering a 30.7% CAGR during the forecast period (2019–2025).
The major factors having a positive influence on the market are the inclusion of electric buses in public fleet and the increase in government initiatives in popularizing these buses and providing the required infrastructure. Charging stations, also known as electric recharging points that are used to recharge an electric bus’s batteries are termed as electric bus charging stations.
Based on type, the classifications of the U.K. electric bus charging station market are opportunity and overnight chargers.
In 2018, with more than 95.0% sales volume, the market was led by overnight chargers due to their popularity among public and private transport agencies for charging buses overnight as these buses have larger batteries to operate over longer distances. Further, the falling prices of batteries have also contributed in their demand as they are now competitively priced with opportunity charging buses.
On the basis of power, the electric bus charging station market in UK is categorized into <50 kW, 50–150 kW, and >150 kW. The largest market share in 2018 was held by the <50 kW category.
The main reason behind the popularity of these chargers was their cost compared to chargers of higher power ranges. In the forecast period, the highest CAGR is projected to be witnessed by the >150 kW category.
This can be credited to the rising demand for larger batteries, which would take longer to charge, thereby driving the demand for more powerful chargers.
The major opportunity for growth for the U.K. e-bus charging station market lies in the surging demand for wireless charging of electric buses.
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Even though the initial installation cost of wireless charging infrastructure is high, these charging systems are becoming popular among users. A depot charger takes about 4–8 hours for charging the battery of an electric bus, whereas a conductive charger only takes 5–7 minutes to charge the same battery.
This particular type of charger uses cordless technique and can effectively decrease the off-road time while traveling.
Therefore, the market for electric bus charging station in the country is headed toward a bright future in the forecast period amidst rising environmental concerns.
Rahul Gautam published Automotive Aftermarket - World Players Forecast Analysis Till 2030 in Submit Content 2020-08-03 05:09:38 -0700
Due to the increase in the average age of vehicles, the demand for replacement components is expected to surge in the coming years, especially in emerging economies, such as those in Asia-Pacific (APAC) and Latin America, Middle East, and Africa (LAMEA). For instance, the average age of the vehicles is predicted to increase from four years to six years in China from 2010 to 2020, mainly due to huge improvements in the quality of the automobiles being manufactured, which is itself a result of the rapid adoption of advanced products.
The other major factors pushing the demand for automotive parts across the world are the burgeoning demand for electric vehicles, on account of the increasing implementation of government policies and regulations promoting the adoption of eco-friendly modes of transportation. Moreover, there has been a huge rise in green consciousness throughout the world since the last few years, which is boosting the popularity of electric vehicles. Fuelled by the above factors, the global automotive aftermarket is expected to grow from $803.22 billion in 2019 to $1,370.17 billion in 2030, with a CAGR of 5.07% during the forecast period (2020–2030).
Geographically, the highest demand for vehicle component replacement was observed in Asia-Pacific (APAC) in 2019, and this trend is set to continue during the forecast period. This is primarily ascribed to the rapid rise in the number of vehicles in operation (VIO), especially in China and India. Moreover, the presence of major companies supplying automotive aftermarket components in APAC is predicted to further fuel the rise in the demand for these components in the region.
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Therefore, it can be concluded that owing to the increasing sale of automobiles in various countries across the world, the demand for aftermarket components is expected to witness substantial growth in the coming years.
Rahul Gautam published Electric Car Business Scope or Demand in Indian Market in Submit Content 2020-07-31 05:06:00 -0700
According to the market research report published by P&S Intelligence, Indian electric car market is projected to reach $707.4 million by 2025. The market is predominantly driven by the government schemes, growing environmental concerns, and falling battery prices. Several incentives, such as tax rebates, grants, and subsidies, have been launched by the central and state governments in order to increase electric car adoption in the country.
Government schemes and subsidies are playing a major role in the growth of the Indian electric car market. The urban population has increased rapidly over the past decade, resulting in rise in pollution levels. To curb this issue, the Indian government is encouraging and supporting the adoption of electric cars through its several financial schemes and incentives. Several policies related to electric vehicle (EV) have been announced by the public authorities of India over the past few years indicating substantial action and ambition for the adoption of EVs in the country.
For instance, in 2015, the Indian government introduced a scheme under the National Electric Mobility Mission Plan (NEMMP) namely Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme to encourage the adoption of clean fuel technology cars that boosted the growth of the Indian electric car market. The scheme was launched in the Union Budget for the fiscal year 2015–2016 with a primary expense of $11.46 million (INR 75 crores). It was targeted to decrease the upfront purchase value of electric and hybrid vehicles and to stimulate their early adoption.
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The Indian electric car market is highly consolidated and is dominated by Mahindra Electric Mobility Ltd. Currently, the company is the only BEV manufacturer in the country. It had ventured into the electric car industry much earlier than other Indian automotive players through the acquisition of Reva Electric Car Company in 2010. However, Tata Motors Ltd. is expected to gain a significant market share in the Indian electric car industry during the forecast period, as it has announced to launch two electric car models, Tigor Electric and Tiago Electric, by the end of 2019.
Some of the other major players operating in the Indian electric car market are Hyundai Motor Company, Volvo Car Corporation, Toyota Kirloskar Motor Pvt. Ltd., and Honda Motor Co. Ltd.
Rahul Gautam published Scooter Mobility Demand in Auto Sector | Business Report 2020-2025 in Submit Content 2020-07-29 07:15:54 -0700
Due to the rising road congestion in cities and towns, rapid technological advancements, greater convenience, and increasing concerns over the emission of greenhouse gases and the resultant shift toward eco-friendly modes of travel, the global scooter sharing market is expected to witness significant growth during the forecast period (2019-2025). The market is predicted to advance at a 24.4% CAGR during the forecast period and attain $553.0 million in revenue by 2025, a considerable increase from its recorded value of $99.8 million in 2018.
Globally, Europe recorded the largest share in the scooter sharing market, in terms of revenue, in 2018. The main factor that contributed toward the region's market hold was the early adoption of scooter sharing services here. The concept has been thriving in Europe since 2016, and it was observedthat in 2018, more than 60 cities in the region had such schemes. The fastest growth in the market is expected to be witnessed in Asia-Pacific (APAC), mainly due to the large-scale deployment of these services in India.
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The scooter sharing market is currently at the growing phase, and it consists of several major players, such as Weimo Technology Co. Ltd. (WeMo), Cooltra Motosharing S.L.U. (eCooltra), Cityscoot SAS (Cityscoot), and COUP Mobility GmbH (COUP). The other prominent players operating in the market are Felyx Sharing B.V., Sharing Muving S.L.U. (Muving), Electric Mobility Concepts GmbH (emmy),MiMoto Smart Mobility Srl, Vogo Automotive Pvt. Ltd. (Vogo), YUGO Urban Mobility SL (YEGO), Wicked Ride Adventure Services Pvt. Ltd. (Bounce), Econduce SAPI de CV, and Scoot Rides Inc. (Scoot).
Therefore, due to the increasing demand for scooter sharing services, primarily for reducing the rate of environmental degradation, the market is set to experience robust growth in the coming years.
Rahul Gautam published Automotive Lithium-Ion Battery Market Demand Globally in Submit Content 2020-07-29 06:50:19 -0700
In 2018, the global automotive lithium-ion battery market reached a value of $24.2 billion and is predicted to attain $74.3 billion in 2024, advancing at a 15.9% CAGR during the forecast period (2019–2024). The market is growing due to the falling cost of battery and its components and rising electric vehicle production and demand.
A rechargeable battery which comprises a positive and negative electrode that are contacted by a chemical called the electrolyte is referred to as lithium-ion battery. Lithium-ion is allowed to exchange between electrodes because they are separated by a separator.
In terms of battery type, the automotive lithium-ion battery market is divided into lithium iron phosphate (LFP), lithium nickel cobalt aluminum oxide (NCA), lithium titanate oxide (LTO), lithium manganese oxide (LMO), and lithium nickel manganese cobalt (NMC). Among these, the LFP battery type contributed the largest revenue share to the market during the historical period (2014–2018), as these batteries are safer than other type of electric vehicles batteries and have a higher lifespan.
The NCA battery type is projected to grow at the fastest pace during the forecast period. The rising usage of NMC batteries in electric cars is a key trend that is being observed in the automotive lithium-ion battery market growth.
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1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Vehicle Type
1.3.2 Market Segmentation by Battery Type
1.3.3 Market Segmentation by Vehicle Technology
1.3.4 Market Segmentation by Structural Design
1.3.5 Market Segmentation by Region
1.3.6 Analysis Period
1.3.7 Market Data Reporting Unit
1.4 Key Stakeholders
Electric vehicle manufacturers are now increasingly using lithium-nickel-manganese-cobalt (NMC) batteries, gradually shifting from lithium-iron-phosphate (LFP) batteries. The latter were heavier and occupied more space in the vehicle; these shortcomings have been addressed by NMC batteries.
- BYD Co. Ltd.
- Contemporary Amperex Technology Co. Ltd. (CATL)
- LG Chem Ltd.
- Panasonic Corp.
- Samsung SDI Co. Ltd.
- GS Yuasa Corp.
- Hitachi Chemical Co. Ltd.
- OptimumNano Energy Co. Ltd.
- Tesla Inc.
- Shenzhen BAK Battery Co. Ltd.
- Tianjin Lishen Battery Joint-Stock Co. Ltd.
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Besides being lighter in weight and compact, NMC batteries are capable of providing higher ranges in passenger cars in a single charge. This is due to the greater energy density of these batteries that facilitate a higher vehicle range.
In an initiative to popularize these vehicles, the Thailand Board of Investment announced their plans of reducing the excise duty from 8% to 2% on electric vehicles, thereby boosting the automotive lithium-ion battery market, as storage batteries are an essential component of electric vehicles.
Rahul Gautam published Denim Market Growth, Segments, Size, Industry Analysis and Opportunities 2023 in Submit Content 2020-07-28 06:54:14 -0700
The penetration of western fashion and western life style has accelerated the casualization of clothing across the globe. It has boosted the adoption of casual fashion apparels like denims, dresses, shirts, tees, and casual shirts among working as well as non-working-class group.
Also, the changing perception of executive wear in corporates due to casualization, is driving the demand for denim products, globally. The change in perception has led to acceptance of denim including jeans as business casual attire for the working class.
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The concepts of e-marketplace and e-commerce have completely revolutionized the fashion industry including denim market, in the past few years. With the convenience of shopping from home to choosing favored brands and product comparisons, the presence of clothing on digital platform is itself a new trend in the global market.
Globally, e-commerce portals have boosted the sale of denim apparels, right from special variants of denim dresses to denim casual wear. Online mode has emerged as a preferred distribution channel for denim vendors, as the channel enable vendors to provide customized denim products as per the customer’s requirements of size and color.
Global denim market is highly competitive, where the top four players accounted for highest market revenue in 2017. There are large numbers of global, regional and country-specific players making the market highly fragmented.
The companies are not only focusing on the sales of jeans, the major part of denim revenues, but also for other categories including shirts, jackets, shorts and dresses.
Some of the key players operating in the denim market are Levi Strauss & Co., The Gap Inc., VF Corporation, H & M Hennes & Mauritz AB, PVH Corp, Kering, Pepe Jeans S.L., Bestseller A/S, U.S. Polo Assn.
Rahul Gautam published Sauces, Dressings, and Condiments Market Research Report by P&S Intelligence in Submit Content 2020-07-28 04:47:01 -0700
The growth in the market will be led by the rise in demand for healthy sauce options, growing popularity of international cuisines, and rising disposable income of consumers across the globe.
On the basis of the type, the sauces, dressings, and condiments market has been categorized into table sauces, cooking ingredients, dips, pickled products, pastes and purees, and others. Of these, table sauces saw the highest volume sales in the market, recording more than 30% share in 2017.
On the basis of distribution channel, the sauces, dressings, and condiments market has been categorized into supermarkets/hypermarkets, specialist retailers, convenience stores, and others. ‘Others’ include mixed retailers, and internet retailers, and non-grocery specialists such as health and beauty retailers.
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The market growth in the U.S. can be mainly attributed to the rise in disposable income and the growing inclination of consumers toward organic, and new and international flavors.
At country-level, the U.S. held the largest revenue share in the global sauces, dressings, and condiments market, crossing 20% in 2017. The market in the country is expected to progress at CAGRs of 2.2% and 3.7%, in terms of volume and value respectively, during the forecast period.
Some of the key players in the sauces, dressings, and condiments market are Nestle SA, Kikkoman Corporation, Tas Gourmet Sauce Co., McCormick & Company Incorporated, Unilever Group, The Kraft Heinz Company, General Mills Inc., Bolton Group, Conagra Brands Inc., and Del Monte Foods Inc.
Global Sauces, Dressings, and Condiments Market Segmentation
- Table sauces
- Tomato Sauce
- Soy Sauce
- Chili Sauce
- Barbecue Sauce
- Mustard Sauce
- Oyster Sauce
- Horseradish Sauce
- Others (vinaigrette, Worcester/steak sauce, cocktail sauce, fish sauce, and curry sauce)
- Cooking Ingredients
- Bouillon/Stock Cubes
- Wet Sauces
- Dry Sauces/Powder Mixes
- Others (pasta sauces, herbs, and spices)
- Pickled Products
- Pastes and Purees
- Table sauces
Rahul Gautam published Automotive HMI Market Demand in India in Submit Content 2020-07-27 06:45:02 -0700
The major factors behind the India automotive human machine interface (HMI) market growth are rising sales of passenger car, increasing in-vehicle connectivity, and growing demand for comfort and in-vehicle safety features. The market generated a revenue of $466.9 million in 2017, and it is predicted to reach $1.0 billion by 2023, witnessing a CAGR of 14.1% during the forecast period 2018–2023, according to P&S Intelligence. Automotive HMI includes multiple system that permits drivers to interact with their vehicles. It works with the human touch, voice commands, and body language.
Based on product, the Indian automotive HMI market is classified into touch screen display, instrument clusters, head-up display (HUD), rear seat entertainment display (RSE) units, steering mounted controls, and multifunction switches. Out of these, during the historical period (2013–2017) the steering mounted controls classification held the largest sales volume share in the market and it is expected to continue leading in terms of sales volume during 2018-2023. However, the HUD classification is predicted to register fastest growth in terms of revenue in the market, owing to its increasing usage in premium cars.
On the basis of access, the automotive HMI market in India is bifurcated into standard and multimodal HMI. Of two, standard HMI access dominated the market in terms of sales volume and is anticipated to further continue do so during the forecast period, owing to the cost-efficiency factor of these HMIs over the multimodal ones. However, multimodal HMI access is predicted to witness faster growth in terms of revenue, due to surging demand for comfort and premium features in passenger cars.
Benefits associated with multimodal HMI, such as better recognition and faster interaction, are expected to increase their penetration in passenger cars. Further based on end-use, the Indian automotive HMI market is categorized into economy, medium, and premium cars. Due to the rising HMI deployment in medium car category, these cars held the largest sales volume share in the market and is forecasted to maintain its lead during 2018–2023. However, the premium car category is anticipated to register fastest growth in terms of both value and sales volume, owing to their growing sales.
Nowadays, people want to be in touch with the world even while travelling. In the near future, automobiles with the cloud services would majorly connect with the outer world. With the changing customer preferences, automotive makers through collaborations with consumer electronic or IT vendors are installing in-vehicle connectivity features in the infotainment systems. For instance, Reliance Jio Infocom Ltd, a telecom company in India, tendered a contract to the U.S. based AirWire Technologies, for the production of connected car device to integrate in the passenger cars.
Also, Reliance Jio Infocom Ltd is having a discussing with Maruti Suzuki India Ltd and Hyundai Motor India, the leading car manufacturers, to install this device in their passenger cars. Passenger cars equipped with these devices will offer services such as entertainment, Wifi hotspot, telematics, location-based apps, and other security and safety services to the user. Surging in-vehicle connectivity would head to the escalated adoption of HMIs to provide the information, and help in easier users’ interaction with the system, thereby gaining the Indian automotive HMI market.
Hence, the growing use of in-vehicle connectivity and the increasing sale of passenger cars are supporting the market progress.
Rahul Gautam published Automotive Sensors Market Status & Supply Demand | Industry Forecast Report To 2030 in Submit Content 2020-07-27 04:51:33 -0700
While vehicles have had a huge positive impact on lives of human beings, their safety has always been a cause for concern. The rising number of road accidents, most of which are related to the inattentiveness of the driver, have made things worse across the globe. Because of this, governments of several countries have implemented strict laws regarding the integration of safety features in vehicles, which, in turn is resulting in the increasing demand for automotive sensors. These intelligent sensors can be utilized for controlling and processing the temperature, coolant levels, pressure of oil, and level of emission. Moreover, automotive sensors effectively recognize a problem and solve the ones that can be solved.
The major function of automotive sensors is to make the vehicle and roads safer for drivers as well as pedestrians. Owing to these factors, the global automotive sensors market is expected to attain a value of $58,215.3 million in 2030, growing from $25,723.8 million in 2019, advancing at a 7.4% CAGR during the forecast period (2020-2030). Different types of automotive sensors are level sensors, pressure sensors, gas sensor, torque sensors, optical sensors, oxygen sensors, motion sensors, position sensors, and temperature sensors.
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Out of all these, the demand for position sensors was the highest in the past, which is due to the wide usage of these sensors in several vehicle parts, including clutch, chassis, brakes, transmission, and engine, for determining motor rotor position, throttle position, positions of different actuators, valves, and knobs, steering wheel position, gear position, seat positions, and pedal positions. Apart from this, the demand for optical sensors is also predicted to grow at a significant pace in the near future, as their adoption in autonomous vehicles is projected to grow.
Among the different vehicle types, the largest demand for automotive sensors was created for passenger vehicles in 2019 in order to increase the safety and security of these vehicles. Furthermore, various technological advancements are being made in the automobile industry when it comes to autonomous driving and electrification of vehicles, which is why sensors are being implemented in these vehicles. Geographically, Asia-Pacific has been the largest automotive sensors market, which can be attributed to the fact that China is the major producer of automobiles and accounts for more than 50% of the worldwide vehicle production, thereby creating high volume demand for automotive sensors.
In conclusion, the demand for automotive sensors is growing for increasing the safety on roads and providing an improved driving experience.
Rahul Gautam published Demand of Electric Scooters and Motorcycles in European Market in Submit Content 2020-07-24 07:38:56 -0700
In 2018, the European electric scooters and motorcycles market reached a value of $167.2 million and is projected to advance at a 26.2% CAGR during the forecast period (2019-2025). The market is growing due to the increasing concerns over greenhouse gas emissions, deployment of electric scooters for sharing services, implementation of stringent regulations regarding vehicular emissions, and traffic woes in primary European cities. Among low-powered motorcycle, scooter, and high-powered motorcycle, scooters are projected to account for the major share of the market during the forecast period, in terms of value and volume.
On the basis of cooling system, the European electric scooters and motorcycles market is categorized into forced air convection, natural convection, and liquid. Out of these, the natural convection category dominated the market during the historical period (2016-2018), and is further predicted to hold the largest share of the market during the forecast period, both in terms of value and volume. The liquid category is expected to grow at the fastest pace during the forecast period.
When geography is taken into consideration, France accounted for the major share of the European electric scooters and motorcycles market during the historical period; however, Spain is predicted to dominate the market during the forecast period, in terms of value. This is because of the increasing popularity of scooter sharing business in the country. In addition to this, the Spanish government is taking several initiatives on national as well as local levels for encouraging the adoption of electric vehicles.
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One the primary factors leading to the growth of the European electric scooters and motorcycles market is the deployment of electric scooters for sharing services. The daily commute is made easier with the emergence of scooter and motorcycle sharing services, especially for people who do not own any vehicles. The users can easily travel to their destinations without bearing any secondary charges of owning a vehicle, such as parking, maintenance, and insurance claims. Customers simply need to pay for their services on the basis of distance and time, along with an initial registration cost.
Thus, the market is growing due to the increasing traffic in the major European countries, rising concerns regarding greenhouse gas emissions, and deployment of electric scooters for sharing services.
Rahul Gautam published Automotive Sunroof Market With the Best Scope, Trends, Benefits and Growth Opportunities in Submit Content 2020-07-24 06:28:41 -0700
Global automotive sunroof market is driven by growing need to control light inside vehicle, growing demand for premium cars, and greater glass surface area in automobiles, including larger sunroofs. Additionally, development of technology for reducing cost and expanding functionality of sunroof glasses and increasing consumer preference towards automotive sunroof vehicles in developing nations are further boosting the demand for automotive sunroof in the global market. The trend witnessed in the market are developing sunroofs with built-in solar cells, significant investment in reducing noise sources and improving level of passenger comfort, and customer preference towards a more open interior space, and better protection from sun glare for comfort sunroofs.
The global automotive sunroof market was valued at $4,924.5 million in 2015, and it is expected to grow at a CAGR of 10.9% during 2016 – 2022. The global automotive sunroof market is growing rapidly owing to increasing demand for premium cars. The premium car segment is gaining popularity in developing nations as the emerging economies of China, India, South Korea, and Thailand are eying rapid industrial growth and increasing disposable income, which is fueling the demand of automotive sunroof in premium car segment, and also offering an attracting market for various OEMs in these regions.
Consumers now expect an increasingly high level of comfort in their cars, particularly where air conditioning and sun roof are concerned. Such equipment is no longer the exclusive domain of luxury cars. As the market is becoming increasingly competitive, vehicle makers are using sunroofs and other roof systems to help differentiate the product offering to customers. It is expected that during the coming years, half of all new cars sold will have some type of altered roof system, such as convertibles, retractable hardtops, full glass sliding sunroofs or traditional sunroof. The demand for sunroof as an after sales market has also contributed to the growth of the global automotive sunroof market. Almost any vehicle can be equipped later with a roof system, this also applies to older models. Given the increasing popularity of quality roof systems, it is also increasing the aftermarket sunroof selling appeal. As large number of users prefer a car with a sunroof as compared to the cars without a sunroof, the car manufacturers are integrating optional or built in sunroof into medium or premium range cars, which is resulting in overall increase in demand of automotive sunroof globally.
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Some of the major companies operating in the global automotive sunroof market include Webasto SE, Johnan America, Inc., Automotive Sunroof Company, Nippon Sheet Glass Co. Ltd., Yachiyo Industry Co., Ltd., Corning Inc., Meritor Inc., Aisin Seiki Co., Ltd., Inteva Products, LLC, and Inalfa Roof Systems Group B.V.