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.