Tuesday, December 29, 2020

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. 

Thursday, December 17, 2020

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.

Sunday, December 13, 2020

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

Thursday, December 10, 2020

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.

Tuesday, December 8, 2020

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.

Monday, December 7, 2020

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.

Thursday, December 3, 2020

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. 

Wednesday, December 2, 2020

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.