Europe Electric Bike Market Assess the Trends, Opportunities and Competition in the Market

The concerns regarding greenhouse gas (GHG) emissions have been surging across the globe. GHGs, such as methane, carbon dioxide, fluorinated gases, and nitrous oxide, trap heat in the atmosphere. Therefore, the growing emissions of these gases have been resulting in global warming, thus, further leading to the deteriorating condition of the Earth. The burning of fossil fuels for generating energy for different purposes is the primary culprit behind the emission of GHGs into the atmosphere. Because of this, government in different regions across the globe, including Europe, has been trying to come up with solutions which can aid in dealing with this problem.

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Since vehicular emissions have led to a significant increase in the air pollution levels, making use of alternative fuels in automobiles can considerably help in curbing down pollution. Attributed to this and technological advancements, electric vehicles have been developed, which make use of electrical energy rather than petrol or diesel. As more people are becoming aware regarding the advantages of clean transportation and the environmental problems, the demand for electric vehicles has been rising substantially, which includes two-wheelers.

As per a report by P&S Intelligence, in 2018, the European electric bike market reached a value of $167.2 million and is predicted to generate revenue of $892.4 million by 2025, advancing at a 26.2% CAGR during the forecast period (2019–2025). Among high-power motorcycles, scooters, and low-power motorcycles, electric scooters are predicted to be the most in demand in the coming years. This is due to the rising government support, such as the imposition of hefty taxes on traditional fuel-based vehicles and tax incentives on the purchase of electric vehicles, all across Europe. Moreover, electric scooters do not require insurance, driving license, inspection, and parking permit, which is why people prefer them over motorcycles.

In conclusion, the demand for electric two-wheelers in the European region is growing due to the increasing concerns regarding the environment. 

U.S. Beauty and Personal Care Products Market Assess the Trends, Opportunities and Competition in the Market

The increasing sales through e-commerce platforms, growing geriatric population, and rising number of working women will drive the U.S. beauty and personal care products market growth at a CAGR of 4.8% during the forecast period of 2020–2030. At this rate, the revenue will increase from $81.1 billion in 2019 to $128.7 billion in 2030. Additionally, the growing incidence of skin diseases, rising expenditure on personal care, and shifting focus toward chemical-free and organic products will aid the expansion of the market.

The increase in the number of working women in the U.S. is also a significant factor that will drive the U.S. beauty and personal care products market growth during the forecast period. The U.S. Bureau of Labor Statistics published an article that states that the number of women in the U.S. workforce is expected to reach 92 million in 2050 from 66 million in 2000. Moreover, the records state that as of 2019, 46% of the women in the U.S. were part of its workforce, which wasgreater than the global average that stood at 39%. 

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The presence of several market players offering a varied range of premium, standard, and mass products makes the U.S. beauty and personal care products market highly fragmented. To consolidate their market position, the major players are acquiring firms that offer better products and can help them in expanding their reach. For instance, Shiseido Americas Corporation, a unitof Shiseido Company Limited, completed the acquisition ofa rapidly growing skincare brand— DRUNK ELEPHANT — in October 2019to strengthen its presence in the U.S. skincare industry.

Therefore, the availability of a wide range of products and increasing income of women in the U.S. will boost the growth of the country’s beauty and personal care industry in the future.

Electric Toothbrush Market is Slated to Grow Rapidly in the Forthcoming Years with Top Leading Players

 The global electric toothbrush market generated a revenue of $2.7 billion in 2019 and is predicted to progress at a CAGR of 5.7% between 2020 and 2030. According to the estimates of the market research company, P&S Intelligence, the market would attain a valuation of $4.8 billion by 2030. The key factors driving the progress of the market are the growing public awareness about the various benefits of electric toothbrushes and unhealthy dietary habits of people around the world.

Some of the most highly prevalent unhealthy eating habits are the consumption of sugar-rich foods, tobacco, and alcohol. These consumption habits have detrimental effects on the oral hygiene of a person. Moreover, these habits are pushing up the requirement for smart toothbrushes, which is, in turn, fueling the sales of electric toothbrushes. For example, as per the IDF Diabetes Atlas 2019, the worldwide incidence of diabetes in people in the age group- 20–79 years was nearly 463 million.

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When head movement is taken into consideration, the electric toothbrush market is divided into rotation/oscillation and sonic/side-by-side. Between these, the sonic/side-by-side category recorded higher growth in the market in the past years, both in terms of value and volume. These toothbrushes usually vibrate at a 24,000–40,000 strokes per minute frequency. This kind of powerful vibration makes these toothbrushes more effective than the rotating/oscillating ones. Globally, the market would register the highest CAGR in Asia-Pacific (APAC) in the forthcoming years.

Market Segmentation

Market Segmentation by Bristle

·         Soft

·         Nanometer

Market Segmentation by Head Movement

·         Sonic/Side-by-Side

·         Rotation/Oscillation

Market Segmentation by Product Type

·         Rechargeable

·         Battery

Market Segmentation by Distribution Channel

·         Supermarkets/Hypermarkets

·         Pharmacy/Drug Stores

·         Online Platforms

·         Others

Market Segmentation by End User

·         Adults

·         Children

India E-Rickshaw and On-Demand Ride Hailing Services Market to Experience a Significant Dip in 2030, Influenced by COVID-19 Pandemic

With the rising environmental degradation and the deteriorating air quality levels in the major cities and towns, the government at both the state and central levels in India are focusing on promoting the deployment of eco-friendly modes of transportation such as electric rickshaws (e-rickshaws). As a result, there has been a sharp surge in the enactment of strict environment protection laws in the country. These laws are aimed at reducing the usage of fossil fuel-powered vehicles.

In recent years, several projects have been launched by the regulatory authorities for mitigating the pollution levels in the country. For example, in order to provide a convenient mobility option to commuters and improve the last-mile connectivity from metro stations, the Delhi Metro Rail Corporation (DMRC) officially started the first E-Rickshaw service in June 2017. Furthermore, the DMRC in partnership with SmartE launched the extension of its e-rickshaw services to as many as 12 metro stations.

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The increasing operations of various transportation network companies (TNC) in this sector is causing the rapid integration of advanced mobile technologies such as global positioning service (GPS)-enabled applications in e-rickshaws and on-demand ride hailing services. This is creating an enhanced user experience and making ride booking and various other processes associated with these services hassle-free and smooth. Moreover, this is improving the last/first mile connectivity and fueling the growth of the Indian e-rickshaw and on-demand ride hailing market.

Thus, it can be safely concluded that the demand for e-rickshaws and on-demand ride hailing services is set to grow rapidly in India in the upcoming years, mainly on account of the ballooning requirement for eco-friendly modes of transportation, due to the escalating pollution levels in the major cities and towns, and convenient urban mobility options.

Legalization of Cannabis in Various Countries Predicted to Drive Demand for CBD Oil

Previously, several controversies has surrounded the cultivation of cannabis, however, the situation seems to be changing now. Regulations regarding cannabis production has been reduced to some extent in a number of countries, which is expected to capture the interest of consumers. After the legalization of cannabidiol (CBD) in the U.S. and Canada, various other countries, including Latin America and European countries, have also started relaxing the regulation regarding the use of CBD.

It is because of all these factors that the global CBD oil market generated a revenue of $1,735.1 million in 2019, and is predicted to advance at a 24.3% during the forecast period (2020–2025), as per a report by P&S Intelligence. CBD is a chemical compound that is found in the cannabis plant, and is now being utilized for treating depression, movement disorder, anxiety, and pain. The different product types of CBD are tinctures, cartridges, capsules, and topicals.

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Out of all these, the demand for tincture has been the highest up till now, owing to the rising requirement for the medical-use of this product by patients suffering from anxiety, depression, pain, and movement disorders. In addition to this, the demand for CBD is also growing from recreational users, whose number is further predicted to rise considerably in the years to come.

Tinctures are available easily across a number of distribution channels, such as e-commerce websites, pharmacies, and retail & specialty stores. These products further have less-potent effects than the other product types of CBD. Furthermore, the administration route of tinctures is sublingual, where the product has to be placed under the tongue, and is favored by users. It is because of such advantages of tinctures that their demand is expected to be the highest in the coming years as well.

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Geographically, North America emerged as the major CBD oil market in the past, and is further predicted to create the largest demand for CBD in the years to come. This is because of the legalization of cannabis for research and medical purposes in the region, which has led to a rapid surge in its sales. The product is considered a natural phytocompound, owing to which, it is becoming widely popular as a wellness product. The Asia-Pacific region is also expected to create high demand for CBD oil in the coming years.

In conclusion, the market is being driven by the legalization of CBD in various countries and its increasing use as a medicinal product.

Demand for Baby Diapers Projected to Grow in Asia-Pacific in Coming Years

The number of working women across the globe has been rising rapidly, as people are becoming more aware regarding equal rights and providing equal opportunities for both men and women. For example, as per the World Bank, between 1990 and 2013, the percentage of women in workforce increased by 4% in 60 nations. A number of women these days are trying to juggle both their personal and professional lives and in such a scenario any kind of help is important and welcome. Owing to this, the demand for diapers for babies has increased considerably over the past few years across various countries.

The rise in the disposable income of people is also a major contributor to the rapid growth of the baby diaper market, since a larger number of women can now afford products such as diapers easily. This has further paved way for the development of improved solutions such as biodegradable diapers, which are made from plant-based materials and do not contain any kind of plastics and harmful chemicals unlike conventional products. These diapers further provide protection against rashes and hence are being widely demanded across the globe.

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Geographically, North America is expected to emerge as a major baby diaper market during the forecast period, as per a study conducted by P&S Intelligence. This can majorly be ascribed to the rising number of working women and growing awareness regarding hygiene and cleanliness in the region. Other than this, the Asia-Pacific region is projected to register the highest CAGR during the forecast period, which is primarily due to the rising disposable income of people, increasing birth rate, and surging awareness regarding sanitation in the region.

Hence, the demand for baby diapers is growing due to the rising number of working women and introduction of biodegradable diapers in the market. 

Acoustic Vehicle Alerting System Market Size, Trends, Growth Opportunities post after COVID19 Outbreak

The global acoustic vehicle alerting system market is predicted to advance at 11.9% CAGR from 2020 to 2030 and reach a valuation of $10,578.8 million by 2030. This would be because of the rising incorporation of acoustic vehicle alerting systems (AVAS) in electric vehicles including both passenger cars and two-wheelers. According to the findings of P&S Intelligence, a market research company based in India, as many as 24.7 million units of such systems were installed in electric vehicles in 2019.

The increasing pollution levels in several countries, rising consumer preference for electric vehicles over the fossil fuel-powered automobiles, surging implementation of strict emission norms and regulations, and the provision of subsidies, grants, and tax rebates by the governments of various countries on electric vehicles are the main factors propelling the acoustic vehicle alerting system market growth across the globe. Additionally, the incorporation of AVAS is increasingly being made necessary in EVs for enhancing pedestrian safety.

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Moreover, these systems enhance the safety of people having partial vision, blind people, children, and geriatric people. As a result, several countries are enacting strict regulations that mandate the adoption of these systems in EVs. Depending on propulsion, the market is divided into plug-in hybrid electric vehicle (PHEV), fuel cell electric vehicle (FCEV), and battery electric vehicle (BEV) categories. Out of these, the BEV category is predicted to account for a majority of the market share in the forthcoming years.

As the BEVs are more environment-friendly than the other EV variants, the governments of many countries are increasingly enacting policies aimed at encouraging the deployment of these vehicles. In addition to this, the falling prices of batteries, increasing requirement for EVs, especially in China, and the presence of lesser mechanical complexities in these vehicles are fueling the popularity of these vehicles all over the globe. Based on vehicle, the acoustic vehicle alerting system market is classified into four-wheeler and two-wheeler.

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Between the two categories, the four-wheeler one is predicted to exhibit faster growth in the market in the upcoming years. This would be a result of the burgeoning sales of electric cars in the North American and European countries. In addition to this, the growing implementation of strict government policies all around the world that mandate the adoption of these systems in four-wheelers is further boosting the advancement of this category in the market.

Hence, it can be said with full surety that the market would demonstrate explosive growth throughout the world in the upcoming years, mainly because of the growing adoption of electric vehicles and the rising enactment of government regulations all around the world that mandate the incorporation of AVAS in electric vehicles.

India Electric Scooter and Motorcycle Market Upcoming Demands & Growth Analysis 2025

India is amongst the most polluted countries all across the globe, owing to which, the concerns regarding the environment have been surging. The Indian government has started taking initiatives for somehow curbing the rising air pollution levels. One of those measures is the encouragement to adopt electric vehicles instead of conventional ICE vehicles. Subsidies and tax rebates are being provided to the people who opt for electric vehicles. Other than electric cars, the demand for electric scooters and motorcycles has also considerably increased in the country.

Owing to this, the Indian electric scooter and motorcycle market is projected advance at a robust volume CAGR of 57.9% during the forecast period (2020–2025), as per a report by P&S Intelligence. The number of electric scooters and motorcycles sold in 2019, in India, was approximately 152.0 thousand, which is predicted to reach 1,080.5 thousand units in the end of 2025. Moreover, the retail sales value is projected to increase to more than $1.0 billion by 2025, with a 63.9% CAGR during 2020–2025.

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Geographically, the Indian electric scooter and motorcycle market is being dominated by Uttar Pradesh, and the state accounted for about 15% volume share of the market in 2019. The demand for low-speed electric scooters is majorly rising from tier 3 and tier 2 cities in the state. Moreover, the rising focus of original equipment manufacturers towards increasing their share by growing their dealer network is expected to lead to the growth of the domain in Uttar Pradesh.

Hence, the market is growing due to the surging air pollution levels and favorable government policies for the adoption of electric two-wheelers in the country. 

Opportunities for the Handicrafts Market in the Future

Travel & tourism activities has increased considerably across the globe over the past few years. Now that various forms of transportation are available, ranging from cheap to expensive, a larger number of people have taken an interest in exploring the world. Furthermore, globalization and increased disposable income of people in various countries have also resulted in the growth of the travel and tourism industry. Getting acquainted with the culture of a new place is a major aspect of traveling that people look forward to, and the artistic and cultural aspects of any society are almost always deeply rooted in their handicrafts items.

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The global handicrafts market is registering growth because of the fact that people usually buy such items for presenting their family and friends with some kind of souvenirs. In addition to this, handicrafts are cheap to begin with and make for excellent ornamental pieces. The artisans in this domain wither work independently or are employed by small companies or exporters. The initial investment in this domain is less and companies can employ cheap labor, owing to which, the industry is growing rapidly in emerging economies, such as India.

As per a report by P&S Intelligence, the handicrafts market is divided into office ware, furnishings & furniture, kitchenware, toys, garden ware, bathroom accessories, jewelry, and others. Among all these, the furniture and furnishings division is predicted to advance at a considerable pace in the years to come. The domain has further been registering shifting preference to contemporary styles from ethnic designs. In addition to this, the combinations of these styles is also gaining popularity these days. Owing to these trends, artisans have also started paying attention to the quality of products.

In conclusion, the demand for handicrafts is growing due to the expanding travel & tourism industry and surging demand for developed countries.

Opportunities for the Electric Bus Charging Station Market in the Italy

A fund of $4,371.6 million was allocated by the Italian government to convert the bus fleet in its major urban and semi-urban pockets to those running on new energy, such as electricity. The investment for the period between 2019 and 2033 has been provided considering the strong need to reduce the emission of greenhouse gases (GHG) and other toxic gases from vehicles, as they are the primary culprit in the quickly degrading air quality in the country. Additionally, the national government submitted a proposal on an integrated energy and climate plan to the European Union in 2018, which puts a special emphasis on low- or no-emission transport.

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With such policies and other financial incentives, the sale of electric buses will increase substantially in the country. Moreover, even the local administrations of Milan, Cagliari, Turin, and other cities in the nation have set targets for converting their public transport system to one which is driven by clean energy. With the rising sale of electric buses, the Italian electric bus charging station market is expected to witness a robust increase in its size, from $12.3 million in 2018, to $44.8 million by 2025, at a 20.3% CAGR between 2019 and 2025. Also known as the electric vehicle supply equipment (EVSE), such systems are required to charge the batteries of electric buses.

There are majorly two types of EVSE being deployed for buses in the country: overnight and opportunity. Of them, overnight charging stations are more popular in the Italian electric bus charging station market, as the buses which are charged by such systems are similar in operation to diesel buses, which every public and mass-transit company in Italy is familiar with. However, in recent times, the popularity of opportunity charging stations has risen, because the buses which use these stations have a smaller battery than those requiring overnight charging. With a smaller battery, the bus can not only be made lighter, but cost-effective too.

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Thus, with the increasing procurement of electric buses in Italy, driven by government subsidies and emission-reduction policies, the installation rate of EVSE will continue accelerating in the coming years.

India Electric Rickshaw Motor and Controller Market is Expected to Boom in Coming Years

The Indian electric rickshaw motor and controller market is projected to reach $86 million by 2024, with revenue generation of $59.8 million from the motor domain and of $26.2 million from the controller domain, the market is primarily driven by the growth in the electric rickshaw market in the country and the increasing average age of these vehicles. During the forecast period, the Indian electric rickshaw market is expected to advance with a CAGR of over 15% in terms of sales volume, further propelling the demand for motors and controllers in the country.

However, since the GST rollout, the market for electric rickshaws in the country has consolidated. Owing to this, unorganized players in the market have been largely hit by high costs. As a result, consumers have started preferring more reliable products offered by established MNCs and Indian manufacturers. This has further boosted the demand for motors and controllers used in these vehicles. Additionally, with the growing market share of the organized OEMs, the product quality has also improved, further increasing the average age of the vehicles to 3.6 years. This, in turn, has positively affected the growth of the Indian electric rickshaw motor and controller market.

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Delhi held the largest share in the Indian electric rickshaw motor and controller market during the historical period, accounting for over 20% sales volume in 2018. It is expected to dominate the market in 2019 as well. However, Uttar Pradesh is expected to be the largest market for electric rickshaw motors during 2020–2024 and for electric rickshaw controllers in 2023 and 2024, owing to the growing demand for electric rickshaws from Tier-1 cities, Tier-2 cities, and rural–urban fringes in the state.

CY International and Changzhou Yufeng Vehicles Co. Ltd. are the major players in the Indian electric motor and controller market. Other important players operating in the market are Changzhou Xieheng Power Technology Co. Ltd. and Hangzhou Yuyang Technology Co. Ltd.

Germany Autonomous Vehicle Market to Witness Robust Expansion Throughout the Forecast Period 2030

The German fully autonomous vehicles market is predicted to exhibit a CAGR of 20.2% between 2020 and 2030 and attain a valuation of $28.0 billion by 2030, as per the estimates of P&S Intelligence, a market research firm. The German autonomous vehicles market size is being driven by the increasing implementation of various government initiatives that encourage the deployment of autonomous vehicles in the country and the rising requirement for a more efficient and safer driving option all over the country.

The German government was the first one in the entire world to authorize fully and semi-autonomous driving systems. The government announced its plans to build autonomous driving facilities and infrastructure in the country in December 2016. This was followed by an amendment to the Road Traffic Act in June 2017, which allowed drivers to give away driving controls to autonomous vehicles. As a result, there are many semi-autonomous automobiles (level 1—3) running on German roads today.

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When vehicle autonomy is taken into consideration, the German autonomous vehicles market is divided into fully autonomous and semi-autonomous vehicles. Of these, the semi-autonomous vehicles had 100% share in the market in the years gone by. However, this will change in the future and the fully autonomous vehicles category will register the highest CAGR in the market between 2023 and 2030, owing to the development of fully autonomous vehicles, which are predicted to hit the market in 2023.

Shavers Market Assess the Trends, Opportunities and Competition in the Market

The sales of shavers have risen massively in the recent years. This is attributed to the increasing consumer consciousness regarding looks and appearance and rising celebrity endorsements of these products. Moreover, the growing influence of the Western culture and the rising awareness among the masses about grooming are making people focus more on personal grooming and hygiene. This is, in turn, pushing up the sales of shavers across the world.

Men are increasingly becoming conscious about their looks and hair and beard these days. Moreover, the launch of various advertisements and marketing campaigns pertaining to beard styling and grooming is making many men, especially those in their 20s and 30s, buy shavers for improving their appearance. Apart from this, the rising disposable income of people, especially in the developing nations, is also bolstering the sales of shavers all around the world.

Because of the above-mentioned reasons, the global shavers market is set to exhibit huge expansion in the upcoming years. Depending on end-user, the market is divided into female and male. Between the two, the male category recorded major growth in the market in the years gone by, while the female category is predicted to progress rapidly in the future years. This will be because of the rising number of working women and the increasing consciousness among them about appearance.

Thus, it is safe to say that the sales of shavers will shoot-up all over the world in the coming years, because of the growing consciousness among people about looks and appearance, the rising disposable income of people, and the growing participation of women in workforce in several countries around the world.

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GLOBAL SHAVERS MARKET BREAKDOWN

• By Segment – includes global market size of Electric Shavers and Non-Electric Shavers
• Electric Shavers – includes global market size of Foil, Rotary, and Wet/Dry Shavers
• Non-Electric Shavers – includes global market size of Cartridge Razors, Safety Razors, and Blades and Accessories

• By End-User – includes global market size of Male Consumers and Female Consumers
• By Distribution Channel – includes global market size of Supermarkets and Hypermarkets, Online Retailing, and Others
• By Geography – includes market size of North America, Latin America, Europe, Asia Pacific, and Middle East and Africa

Armored Vehicles Market Future Growth Analysis and Challenges

The increasing incidence of terror attacks, violence, and security threats in several countries is fueling the demand for armored vehicles. In addition to this, the presence of political tensions and disputes between various countries is pushing up the defense spending, which is, in turn, driving the sales of armored vehicles. In Asia-Pacific (APAC), the defense expenditure of nations such as India, China, Australia, and South Korea is soaring rapidly and this is adding wings to armored vehicle sales.

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The rising cross-border tensions between India and Pakistan and India and China and the increasing security concerns being raised in these countries over rebellions, vigilantism, attacks on government buildings and civilians, and terror attacks are augmenting the defense expenditure of these countries. Moreover, the growing requirement for replacing old military weaponry and tech in these countries is boosting the demand for advanced equipment and military vehicles such as armored vehicles.

Countries in the Latin American, Asia-Pacific, and Middle East and African regions are predicted to spend heavily on the procurement of armored vehicles and military modernization programs. In addition to this, various Middle Eastern nations have launched several peace initiative missions aimed at reducing the incidence of armed conflicts and terror attacks. These factors are pushing up the sales of armored vehicles, which is subsequently causing the expansion of the global armored vehicles market.

Hence, it can be said without any hesitation that the demand for armored vehicles would skyrocket all over the world in the forthcoming years, primarily because of the growing requirement for advanced military weapons and the increasing defense expenditure of various countries around the world.

What are Factors Expected to Drive Progress of Biomaterials Omega-3 Market in Future?

It is highly unlikely that junk food will ever go out of trend, however, people are becoming more conscious regarding their health, which is why they are opting for healthier food items. Food items rich in nutrient especially are becoming popular day-by-day among the general public. A major drawback in the past regarding the adoption of healthier food items was their high cost, but due to economic growth and rise in disposable income, a large number of people are able to make healthy choices. A new continuum of nutrient-positioned products ranging from fortified/functional foods to nutrient supplements is emerging across the globe.

Attributed to these reasons, the demand for omega-3 is also increasing rapidly. Omega-3 fatty acids are basically found in foods including flaxseed and fish and dietary supplements including fish oil. Omega-3 supplements are quite beneficial for the body, as is has been observed that their consumption can prevent cardiovascular diseases, asthma, rheumatoid arthritis, depression, and can also aid in slowing down cognitive decline. Moreover, pregnant woman can benefit significantly from omega-3 supplement, as they have docosahexaenoic acid (DHA), which is crucial for the development of the brain of a new born child.

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According to a P&S Intelligence report, in 2019, the global omega-3 market attained a value of $19.7 billion and is expected to generate a revenue of $49.7 billion by 2030, witnessing a CAGR of 8.8% CAGR during the forecast period (2020–2030). Omega-3 is available in tablet or capsule form and liquid form. The larger demand in 2019 was created for liquid form of omega-3, which is ascribed to the availability of this form at a lower price than tablets or capsules and higher levels of eicosapentaenoic acid (EPA) concentration.

In conclusion, the growing awareness of people regarding the consumption of healthy food is resulting in the rising demand for omega-3.

Omega-3 Market Segmentation

Market Segmentation by Product Type

• Liquid Form
• Tablet or Capsule Form

Market Segmentation by Source

• Animals
  • Krill oil
  • Fish oil
  • Cod liver oil
  • Others
• Plants
  • Flaxseed oil
  • Algae oil
  • Others

Market Segmentation by End Use

• Dietary Supplements
• Functional Food Ingredients
• Pharmaceuticals
• Infant Nutrition Formulas
• Veterinary Supplements
• Others

How Is Adoption of IoT in Logistics a Reflection of Increasing Competition?

As per a report by P&S Intelligence, the global internet of things (IoT) in logistics market is projected to advance robustly at a 13.2% CAGR during the forecast period (2020–2030). The market attained a value of $34,504.8 million in 2019, which is predicted to rise to $100,984.5 million by 2030. The growth of the domain is dependent upon the expansion of the e-commerce industry across the globe and rising demand for increased efficiency in logistics operations. Considering mode of transport, the market is categorized into waterway, roadway, airway, and railway.

Out of these, the roadway category held the largest share of the IoT in logistics market in the past, and the category is also predicted to dominate the market during the forecast period. This is owing to the fact that about 80% of the total logistics activities in the U.S., which is a major revenue generator for the industry, are carried out through roadways. In addition to this, 88% of the total logistics activities in the European region are also carried out through roadways, thereby leading to the growth of the category.

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Geographically, the IoT in logistics market was dominated by North America during the historical period, and the region is further projected to account for the largest revenue share of the market during the forecast period as well. The rapid digital transformation in the region has been positively affecting the growth of the domain in the region. The Asia-Pacific region is expected to advance at the fastest pace during the forecast period due to the swift urbanization and changing consumer behavior, majorly in India and China.

The IoT in logistics market is further growing due to the fact that IoT solutions improve the efficiency of logistics operations. Efficient management of warehousing and inventory, quick delivery of goods, internal business processes automation, quality of goods, and safe storage determine the success of any logistics company. In order to accomplish these aspects, several companies are widely making use of advanced solutions, such as IoT, the logistics industry.

In conclusion, the demand for IoT in logistics is growing due to the rapid expansion of the global e-commerce industry and increasing need for enhancing efficiency in logistics companies. 

Automotive Anti-Pinch Power Window System Market Outlook and Forecast 2020 due to COVID-19 Impact

 The number of passenger vehicles across the globe has risen considerably over the past few years. The sales of mid-priced passenger cars reached more than 30% among the global sales, in 2016, and the industry is further expected to advance at a considerable rate in the years to come. This is ascribed to the increasing disposable income of people and strong economic growth in various countries. Furthermore, over 60% of passenger car sales is accounted for by developing countries, where the sales are predicted to increase by 5%–6% by 2020. This growing demand for passenger vehicles is leading to the rising demand for automotive anti-pinch power window.

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The anti-pinch technology is utilized as a safety system in modern vehicles that are integrated with power windows, which use an electric motor for operating. The anti-pinch technology avoids the winding up of the power window. In case the system senses any hurdle in the path of the glass, it stops the window glass from moving up, thereby preventing possible injuries to the passengers and drivers. It is due to such advantages of this technology that the automotive anti-pinch power window system market is expected to progress at a considerable rate in the years to come.

The automotive anti-pinch power window system market is expected to generate a revenue of $3,611.2 million by 2023, progressing at a 12.0% CAGR during the forecast period (2017–2023). When type is taken into consideration, the market is bifurcated into manual and automatic, between which, the automatic bifurcation held the larger share of the market in the past. This is due to the increasing vehicle electrification and surging awareness regarding innovative safety features. On the basis of end user, the market is divided into commercial vehicles and passenger vehicles.

Hence, the demand for the anti-pinch technology is growing due to the rising sales of passenger vehicles, increasing demand for luxury vehicles, electrification of vehicles.

Air Ambulance Services Market COVID -19 Impact Research Report with Top Players and Growth Opportunity

Due to the soaring geriatric population and the rising prevalence of chronic diseases, the demand for ambulance services is surging all over the world. While the people living in the major cities have access to proper healthcare and medical facilities, the inhabitants of tier 2 and tier 3 cities, rural areas, and hilly regions often find themselves in great difficulty, especially in emergency situations, because of the lack of access to hospitals and other healthcare facilities.

Across the globe, the APAC air ambulance services market will be very prosperous in the forthcoming years, as per the market research firm, P&S Intelligence. This would be a result of the existence of numerous helicopter ambulance service providers and the growing prevalence of life-threatening diseases in people that require immediate medical treatment, in the region.

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Fixed-wing and rotary-wing are the two main types of aircrafts used in these services. Between them, the usage of the rotary-wing aircrafts was higher in these services in the past years, primarily because of the fact that these aircrafts are ideal for medium- and short-distance trips, that are within the state or city boundaries. The extensive usage of these aircrafts caused the rapid advancement of the rotary wing category in the air ambulance services market in the past.

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Therefore, it can be said with certainty that the popularity of air ambulance services will soar all over the world in the upcoming years, on account of the growing incidence of chronic and life-threatening diseases and the rising requirement for ambulance services in remote areas and tier 2 and tier 3 cities across the world.

How is Increasing Urbanization Fuelling Surge of Chinese Electric Scooters and Motorcycles Market?

Increasing urbanization is one of the major factors propelling the demand for electric scooters and motorcycles in China. The total population living in cities in China is predicted to increase from 50% of the country’s total population in 2011 to 65%–70% of the total population by 2030. The increasing rate of urbanization in China is rapidly boosting the demand for transportation from the small and medium cities in the country, especially for short-distance travelling, which is in turn, pushing the demand for electric scooters and motorcycles in the country.

The soaring awareness amongst the people in China about the environmental degradation caused due to the large-scale usage of fossil-fuel powered vehicles is another major factor fuelling the rise in the demand for electric two-wheelers such as scooters and motorcycles in the country. In addition to this, the stringent regulations enacted by the Chinese government on the sale of lead–acid batteries in the country have reduced the number of lead–acid battery manufacturers in the country from 1,000 to around less than 200 from 2012 to 2016. This is eliminating unorganized manufacturers, thereby leading to the growth of organized battery producers.

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Due to the above-mentioned factors, the worth of the sales of electric scooters and motorcycles in China is expected to increase from $7.7 billion in 2017 to $12.5 billion by 2025. The Chinese electric scooters and motorcycles market is predicted to progress at a CAGR of 6.1% during the forecast period (2018–2025). There are also many other factors pushing the demand for electric scooters and motorcycles in China such as their numerous advantages over the conventionally used fossil-fuels powered vehicles like lower operational costs and their ability to operate while producing zero noise pollution.

Therefore, it can be concluded that due to the rising need for eco-friendly and convenient modes of transportation, increasing urbanization, soaring awareness amongst the people regarding the pollution caused by the fossil-fuel powered vehicles, and the thriving e-commerce industry, the demand for electric scooters and motorcycles will skyrocket in China in the coming years.

India Electric Rickshaw Market Assess the Trends, Opportunities and Competition in the Market

 According to P&S Intelligence, the Indian electric rickshaw market is estimated to witness a sale of 935.5 thousand e-rickshaws by 2024. The market has seen significant growth in the recent past owing to rising government incentives, environmental awareness, and implementation of stringent regulations to control air pollution. In addition, the increasing affordability of e-rickshaws and a relative increase in investments by manufacturers for the designing and development of more efficient and affordable variants are estimated to boost the indian electric rickshaw market growth.

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Similarly, e-rickshaws with a battery capacity less than 101 Ah led the Indian e-rickshaw market in the historical period. The reason for this was the market monopoly of unorganized local players, most of whom manufacture low-cost e-rickshaws with less-than-101-Ah battery capacity. Coming to the battery type, the SLA battery is presently preferred as these are initially cheaper than Li-ion ones. But, manufacturers are increasing the installation of Li-ion batteries, as SLA variants are harmful if not disposed of properly.

Specifically talking about the Indian electric rickshaw sector on a regional ound, Delhi held the largest share in 2018. It is a major market, where sales picked up rapidly after 2013. Due to the increasing levels of air pollution in the capital, the state government announced a $446 (₹ 30,000) subsidy on the procurement of such rickshaws in 2016, leading to an increase in their demand, which further pushed the market growth.

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The Indian electric rickshaw market is currently dominated by small, unorganized local players, who together registered around 85.0% of the total e-rickshaw sales in 2018. The major market players include Kinetic Green Energy and Power Solutions Ltd., Terra Motors Corporation, Lohia Auto Industries, Hero Electric Vehicles Pvt. Ltd., Saera Electric Auto Pvt. Ltd., and Clean Motion India.

Baby Diaper Market Assess the Trends, Opportunities and Competition in the Market

The number of working women across the globe has been rising rapidly, as people are becoming more aware regarding equal rights and providing equal opportunities for both men and women. For example, as per the World Bank, between 1990 and 2013, the percentage of women in workforce increased by 4% in 60 nations. A number of women these days are trying to juggle both their personal and professional lives and in such a scenario any kind of help is important and welcome. Owing to this, the demand for diapers for babies has increased considerably over the past few years across various countries.

Ascribed to all these factors, the global baby diaper market is expected to generate a revenue of $68.2 billion by 2022, progressing at a 5.2% CAGR during the forecast period (2016–2022). When product is taken into consideration, the market is divided into cloth, disposable, and others, among which, the disposable diaper division is predicted to account for a significant share of the market during the forecast period. Disposable diapers are further of two types, namely 2-part diapers and 1-part diapers, between which, the 2-part diaper classification held the major share of the market in 2015. The demand for these diapers is further projected to be higher in the coming years as well.

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Geographically, North America is expected to emerge as a major baby diaper market during the forecast period, as per a study conducted by P&S Intelligence. This can majorly be ascribed to the rising number of working women and growing awareness regarding hygiene and cleanliness in the region. Other than this, the Asia-Pacific region is projected to register the highest CAGR during the forecast period, which is primarily due to the rising disposable income of people, increasing birth rate, and surging awareness regarding sanitation in the region.

Hence, the demand for baby diapers is growing due to the rising number of working women and introduction of biodegradable diapers in the market.

Connected Car Market With Key Companies Profile & Cost Structure Analysis By 2025

According to a report by P&S Intelligence, the global connected car market reached a value of $72,499.2 million in 2019, and it is projected to attain a value of $198,459.7 million by 2025, progressing at a 24.1% CAGR during the forecast period (2020–2025). The growing demand for improved driving experience, introduction of IoT in the automotive industry, and surging concerns regarding safety and security are the key factors resulting in the expansion of the market across the globe.

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Moreover, the growing research and development, rising requirement for an efficient and safe driving option, and support from state and federal governments for the evolution of innovative driving technologies are driving the expansion of the regional domain. In the connected car market, the Asia-Pacific region is expected to witness the fastest growth during the forecast period. The rise in penetration of digital services, including software updates and cyber security, and rising rate of connected device integration in passenger vehicles are leading to the growth of the regional industry.

The growing demand for improved driving experience is the key reason for the expansion of the connected car market across the globe. As the urbanization is rising, the need for vehicles for both commercial and personal uses has increased as well. This has led to an increased number of vehicles on roads that are causing traffic jams. These problems can be taken care of to some extent with the aid of innovative connectivity features.

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In addition to this, the surging concerns regarding safety and security are also projected to result in the growth of the connected car market in the years to come. Technologies including automatic braking, ADAS, and lane assistance can considerably help in improving the driving experience significantly. These technologies aid in decreasing traffic rule violations, causing a decline in road accidents. Owing to these factors, the integration of safety and security solutions in new vehicles are increasing.

In conclusion, the demand for connected cars is growing due to the rising need for enhanced driving experience and increasing security and safety concerns among people.

Demand for Sauces, Dressings, and Condiments Highest in Asia-Pacific

The popularity of international cuisines has been increasing rapidly across the globe. People are increasingly becoming open to try out new flavor and are not afraid to experiment with new choices. Moreover, globalization has made the introduction of new tastes and flavors easy these days. It is because of these factors that the popularity of Italian, Chinese, Indian, Greek, Mexican, and Continental cuisines is growing all over. The surge in cross-cultural interaction and increasing awareness regarding different cultures is also key factor for the popularity of these food products.

A major part of different types of cuisines is various types of sauces, dressings, and condiments. These products are utilized extensively for enhancing the taste of meals. The increasing disposable income of people across the globe has further made it easier for people to spend on such items. In addition to this, dressings and sauces are utilized widely in the preparation of ready-to-eat, the demand for which is rising as well, owing to busy schedules of people.

The sauces,dressings, and condiments market is expected to generate a revenue of $143.9 billion by 2023, rising from $115.3 billion in 2017, and is predicted to progress at a 3.8% CAGR during the forecast period (2018–2023). When type is considered, the market is divided into dips, table sauces, pastas & purees, pickled products, and others. Out of these, the table sauce division accounted for the largest share of the market in 2017, contributing more than 30.0% to the global market.

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The Asia-Pacific region dominated the sauces, dressings, and condiments market in 2017, as per a report by P&S Intelligence. The adoption of Mexican and Chinese cuisines is increasing rapidly in the region, majorly among the young generation who prefer to experiment with their eating habits. Within the region, Japan held the largest share of the market in 2017 due to the wide usage of sauces in the traditional cuisine of the country.

In conclusion, the market is being driven by the increasing disposable income, rising consciousness regarding health, and preference for international cuisines.

Razor Market Sales Predicted to Shoot-Up in Coming Years

With the increasing focus of people toward personal grooming, the sales of grooming devices such as razors are expected to soar in the coming years. Moreover, due to the increasing influence of western culture, men are becoming more conscious about their looks and appearance, especially with regards to beard and hairstyle, with each passing day. In addition to this, the increasing disposable income of people is pushing up the footfall at male-special spas and salons.

Because of the increasing number of customers at male-special spas and salons, the sales of razors are rising rapidly across the globe. As per the findings of the Procter & Gamble Company (P&G), 39% of the males in the age bracket of 25—34 years and 43% in the age bracket of 18—24 prefer the clean-shaven look. Thus, the growing consciousness of the men belonging to the lower age brackets toward looks is boosting the worldwide sales of razors.

Additionally, the rising popularity of western lifestyle, the increasing number of working women in many countries, and the growing consciousness among women about looks and beauty will further boost the usage of razors by women in the future years. However, despite these factors, the higher growth in the market will be demonstrated by the men category in the years to come, as per the estimates of P&S Intelligence, a market research company based in India.

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Across the globe, the Asia-Pacific (APAC) razor market was found to be very prosperous in the years gone by and this trend is also likely to continue in the forthcoming years, primarily because of the growing population in the regional countries. Furthermore, the rising disposable income of the people and the large-scale urbanization being carried out in the APAC nations will augment the sales of razors in this region in the upcoming years.

Therefore, it can be said without any doubt that the demand for razors will rise tremendously all around the world in the upcoming years, mainly due to the increasing consciousness of both men and women toward looks and physical appearance.