Monday, September 19, 2022

How big is the organic baby food industry in 2022-2027?

 According to IMARC Group’s latest report, “Organic Baby Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”,offers a comprehensive analysis of the industry, which comprises insights on the global organic baby food market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market.  The global organic baby food market size reached US$ 4.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.2 Billion by 2027, exhibiting a growth rate (CAGR) of 12.1% during 2022-2027. Organic baby food is a food product for infants and toddlers produced without using synthetic fertilizers, pesticides, growth hormones, antibiotics and other harmful chemicals. It is manufactured using pureed fruits, vegetables mixed with rice cereal and milk concentrates. Milk formula, prepared and dried baby food are some commonly available product variants. In comparison to the regular baby food, organic baby foods have a lower risk of pesticide contamination and protect the babies from exposure to chemicals and fungicides.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request to Get the Sample Report: https://www.imarcgroup.com/organic-baby-food-market/requestsample

Market Trends:

The global organic baby food market is primarily being driven by the widespread product utilization due to rising health consciousness among new mothers. Moreover, the increasing demand for ready-to-eat (RTE) baby food due to hectic schedules and changing lifestyles of the steadily increasing number of working parents is providing a thrust to the market growth. In line with this, the proliferation of online retail channels and various brand endorsements with celebrities on social media platforms are also contributing to the growth of the market. Other factors, including the implementation of various government initiatives promoting organic food production, along with the increasing expenditure capacities of the consumers, are positively impacting the market growth.

Organic Baby Food Market 2022-2027


Baby Organic Food Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the global organic baby food market  has been studied in the report with the detailed profiles of the key players operating in the market.

Key Players Included in Global Research Report:

  • Abbott Nutrition
  • Danone
  • NestlĂ©
  • Hero Group
  • Kraft Heinz

Key Market Segmentation:

The report has segmented the global organic baby food market  on the basis of product type, distribution channel and region.

Breakup by Product Type:

  • RTE (Ready-to-Eat) Baby Food
  • Milk Formula
  • Dried Baby Food
  • Others

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Convenience Stores
  • Online Retailers
  • Others

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/organic-baby-food-market

Important Note: If the link is not clickable please open it in a new tab, you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse More Reports:

United States Organic and Natural Pet Food Market: https://www.marketwatch.com/press-release/united-states-organic-and-natural-pet-food-market-top-companies-share-size-business-strategy-sales-revenue-and-forecast-2022-07-22

Europe Food Enzymes Market: https://www.marketwatch.com/press-release/europe-food-enzymes-market-future-developments-upcoming-trends-and-top-vendor-landscape-2022-07-22

Japan Organic and Natural Pet Food Market: https://www.marketwatch.com/press-release/japan-organic-and-natural-pet-food-market-share-size-industry-trends-demand-analysis-and-forecast-to-2027-2022-08-12

Rice Seed Market: https://www.marketwatch.com/press-release/rice-seed-market-future-value-global-demand-business-challenges-covid-19-impact-and-forecast-analysis-by-2026-2022-07-22

About Us                                                                                    

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

Thursday, September 15, 2022

Europe Generic Injectables Market Overview, Growth Rate, Top Companies Share, Size, Business Strategy, Sales, Revenue And Forecast

 According to the latest report by IMARC Group, titled “Europe Generic Injectables Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on the Europe generic injectables market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. 


Generic injectables are drugs that have the equivalent dosage, quality, strength, performance, and intended usage as their branded counterparts. They assist in treating various life-threatening and chronic diseases, including cancer, diabetes, rheumatoid arthritis, cardiovascular ailments, respiratory infections, etc. Generic injectables aid in maximizing patient compliance and reducing the frequency of dosage, thereby maintaining the effectiveness of the treatment.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request Free Report Sample: https://www.imarcgroup.com/europe-generic-injectables-market/requestsample

Industry Trends and Drivers:

The rising prevalence of chronic diseases, including hypertension and cardiovascular problems, represents one of the key factors driving the Europe generic injectables market. Furthermore, there is a growing demand for intravenous (IV) and intramuscular (IM) routes of drug administration for the drug delivery process and treatment of patients that are incapable of taking medicines orally. In addition to this, generic injectables are better than branded drugs in terms of cost efficiency, which is catalyzing the growth of the market. Additionally, the increasing medicine shortage and expiry of patents of branded products are expected to fuel the market growth in Europe over the forecast period.

Europe Generic Injectables Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the Europe generic injectables market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the Europe generic injectables market on the basis of therapeutic area, container, distribution channel and country.

Market by Therapeutic Area:

  • Oncology
  • Anaesthesia
  • Anti-infectives
  • Parenteral Nutrition
  • Cardiovascular

Market by Container:

  • Vials
  • Ampoules
  • Premix
  • Prefilled Syringes

Market by Distribution Channel:

  • Hospitals
  • Retail Pharmacy

Market by Country:

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/europe-generic-injectables-market

Key highlights of the report:               

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Industry Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us                                    

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

 

Tuesday, August 30, 2022

Energy Drinks Market Share in India | Top Manufacturers, Regional Outlook And Forecast, 2027

The IMARC Group provides extensive analysis of India sports and energy drinks industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on the India sports and energy drinks market report, size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market. 

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. 

Informed covered in the report:

  • Historical market data from 2016-2021
  • CAGR of the market during the forecast period 2022-2027
  • Detailed information on factors that will drive market growth during the next five years
  • Precise estimation of the Keyword market size and its contribution to the parent market
  • Upcoming market trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on key players
  • Comprehensive details of factors that will challenge the growth of smart meters market key players

Note: We are updating our reports, If you want the latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you via email within 24 to 48 hours.

Industry Overview and Application:

Sports and energy drinks represent beverages consumed for mental and physical stimulation while performing sports- and fitness-related activities. They can be categorized into isotonic, hypertonic, and hypotonic product variants and prove to be a rich source of essential nutrients, including carbohydrates, minerals, vitamins, and caffeine. 

Energy Drinks Market Demand in India


Sports and energy drinks provide an instant energy boost to the body and replenish the electrolytes lost during physical activities. They help to hydrate the body when exercising for a long duration in the heat. Consequently, sports and energy drinks are in high demand among consumers across India.

Download Free Sample of the Report: https://www.imarcgroup.com/india-sports-energy-drinks-market/requestsample

Market Trends and Drivers:

The increasing engagement in sports-related activities, on account of the rising prevalence of lifestyle diseases among the masses, is primarily driving the India sports and energy drinks market.

Furthermore, the elevating focus among the leading manufacturers towards aggressive promotional activities through social media platforms and celebrity endorsements is acting as another significant growth-inducing factor. In addition to this, the development of several sugar-free drinks with natural ingredients is also positively influencing the market across the country.

Additionally, the growing preferences for ready-to-drink (RTD) beverages, the emerging gym culture among teenagers and adults, and the expanding product availability through various online channels are expected to propel the India sports and energy drinks market over the forecasted period.

India Sports and Energy Drinks Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the India sports and energy drinks market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the India sports and energy drinks market on the basis of product type, packaging type, distribution Channel, end user and region.

Breakup by Product Type:

  • Isotonic
  • Hypertonic
  • Hypotonic

Breakup by Packaging Type:

  • Bottle (Pet/Glass)
  • Can
  • Others

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online
  • Others

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3922&flag=C

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Key Q&A:

What is the India sports and energy drinks market growth?

How big is the sports and energy drinks market in India ?

About Us                                                                                    

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

Friday, August 12, 2022

Particle Board Market is Anticipated to Witness a Promising Growth during the Forecast Period 2020-2027

According to the latest report by IMARC Group, titled “Particle Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global particle board market reached a value of US$ 21.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.9 Billion by 2027, exhibiting a CAGR of 3.9% during 2022-2027.

Particle board, otherwise called low-density fiberboard (LDF), is an engineered wood made using a mixture of sawdust, sawmill shavings, timber chips, and synthetic resin. It is extensively available in various densities, sizes, the geometry of particles, and the amount of adhesive used. Particle boards are easy to install, lightweight, affordable, environment-friendly, and high in density and uniformity. As a result, they find widespread applications in making home furniture, such as bookcases, doors, kitchen cabinets, windows, wall and floor coverings, etc., in the commercial and residential sectors across the globe.

We are regularly tracking the direct effect of COVID-19on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request Free Report Sample: https://www.imarcgroup.com/particle-board-market/requestsample

Market Trends and Drivers:

The rising construction of homes, on account of the escalating urbanization and global population levels, is among the primary factors driving the particle board market. Besides this, the elevating product demand in commercial establishments for enhanced aesthetics, owing to the increasing working professionals and the emerging trend of modern offices, is further augmenting the market growth. Moreover, the growing popularity of particle boards in concert venues and recording studios as they can easily be painted, laminated, wallpapered, and have remarkable sound-absorbing properties is also catalyzing the global market. Apart from this, the impelling need for low-density fiberboard (LDF) in sports and outdoor events is acting as another significant growth-inducing factor. Furthermore, the launch of innovative product variants using raw materials derived from crop plants, including rice, cotton gin, banana, wheat, barley, coir, kenaf, etc., to improve the intrinsic qualities is anticipated to propel the particle board market over the forecasted period. 


Particle Board Market Research Report

Particle Board Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the global particle board market has been studied in the report with the detailed profiles of the key players operating in the market.

Some Of These Key Players Include:

  • Kastamonu Entegre
  • Roseburg Forest Products Co.
  • Norbord Inc.
  • Boise Cascade Company
  • Columbia Forest Products, Inc.

Key Market Segmentation:

The report has segmented the global particle board market on the basis of sector, application and region.

Breakup by Sector:

  • New Construction
  • Replacement

Breakup by Application:

  • Residential
  • Commercial

Breakup by Region:

  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=793&flag=C

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us                                    

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Sunday, July 17, 2022

Transdermal Drug Delivery Systems Market Recent Scope, Growing Popularity, Emerging Trends in the Market

According to the latest report by IMARC Group, titled “Transdermal Drug Delivery Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global transdermal drug delivery systems market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.



We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request Free Report Sample: https://www.imarcgroup.com/transdermal-drug-delivery-systems-market/requestsample

Transdermal drug delivery systems involve a painless method of delivering drugs through the skin systematically. It is a preferred non-invasive alternative to the parenteral route and oral intravascular mode of drug delivery into the body. This method involves the penetration of drugs via the stratum corneum, which passes through the epidermis and dermis without the accumulation of drugs into the dermal layer of the skin. It is widely utilized for the treatment of chronic and acute illnesses as well as cosmetic therapies.

The global market is primarily driven by significant growth in the healthcare sector. Moreover, continual technological advancements across the industry, such as the introduction of iontophoresis that facilitates self-administration of drugs, are creating a positive outlook for the market. The rising investments by public and private firms to upgrade the existing healthcare infrastructure are also contributing to the market growth. Other factors, including the increasing preference for non-invasive treatments among the masses and extensive research and development (R&D) activities, are propelling the market growth further. 

Transdermal Drug Delivery Systems Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the global transdermal drug delivery systems market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

·       3M Company

·       Acrux Limited

·       Boehringer Ingelheim International GmbH

·       Hisamitsu Pharmaceutical Co. Inc.

·       Lavipharm S.A.

·       LEAD CHEMICAL Co. Ltd.

·       Luye Pharma Group

·       Nutriband Inc.

·       Viatris Inc.

Key Market Segmentation:

The report has segmented the global transdermal drug delivery systems market on the basis of technology, application and region.

Breakup by Technology:

·       Electroporation

·       Radiofrequency

·       Iontophoresis

·       Microporation

·       Thermal

·       Mechanical Arrays

·       Ultrasound

·       Others

Breakup by Application:

·       Central Nervous System

·       Pain Management

·       Cardiovascular

·       Hormone

·       Others

Breakup by Region:

·       North America

·       Asia-Pacific

·       Europe

·       Latin America

·       Middle East and Africa

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/transdermal-drug-delivery-systems-market

Key highlights of the report:               

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Industry Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Related Reports:

About Us                                    

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

Thursday, July 14, 2022

Saudi Arabia Cat Food Market Size, Demand, Trends and Forecast By 2027

According to the latest report by IMARC Group, titled “Saudi Arabia Cat Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Saudi Arabia cat food market reached a value of US$ 31.8 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of around US$ 50.9 Million by 2027.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request Free Report Sample: https://www.imarcgroup.com/Saudi-arabia-cat-food-market/requestsample

Cat food refers to commercially prepared food, made of animal- or plant-based materials, intended for the consumption of domesticated cats. It acts as an excellent source of proteins, fats, carbohydrates, and several other nutrients, such as minerals, vitamins, and amino acids. Cat food primarily includes poultry, meat, fish meal, milk products, fiber sources, grain, etc. Since cats are considered sacred, cheaper, and cleaner to buy and maintain, they are one of the most preferred pets in Saudi Arabia. As a result, the cat food market in the country has experienced sustained growth over the years.


The growing awareness among pet owners about the benefits offered by cat food providing essential nutrients, enhancing immune system, combating skin allergies, promoting healthy skin and a shiny coat, etc., is augmenting the market growth. Additionally, the rising popularity of customized treats and diet plans for cats is also propelling the market growth in Saudi Arabia. Moreover, the increasing shift towards premium cat food products with better nutritional value is further bolstering the market growth. Besides this, the expanding organized retail sector has enabled consumers to choose between different cat food products and brands in one place, which is expected to foster the market growth in the coming years.

Saudi Arabia Cat Food Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the Saudi Arabia cat food market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the Saudi Arabia cat food market on the basis of product type, ingredient type and distribution channel.

Breakup by Product Type:

Dry Food

Wet & Canned Food

Snacks & Treats

Breakup by Ingredient Type:

Animal Derivatives

Plant Derivatives

Cereal Derivatives

Others

Breakup by Distribution Channel:

Supermarkets and Hypermarkets

Convenience Stores

Online Stores

Others

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/Saudi-arabia-cat-food-market

Key highlights of the report:

Market Performance (2016-2021) 

Market Outlook (2022-2027)

Industry Trends

Market Drivers and Success Factors

The Impact of COVID-19 on the Global Market

Value Chain Analysis

Structure of the Global Market

Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Related Reports:

Saudi Arabia Dog Food Market Analysis and Growing Opportunity by 2026

Organic and Natural Pet Food Market Demand in South Korean Market: Industry Analysis and Demand Forecast, 2026

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:

IMARC Group

30 N Gould St, Ste R

Sheridan, WY 82801, USA

Email: sales@imarcgroup.com

Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800  

Friday, July 8, 2022

Why are Buses Sales Booming in United State?

The U.S. bus market will reach $11,237.7 million by 2030 at a CAGR of 4.7% during the forecast period, from $7,453.4 million in 2021. This is owing to the rapid urbanization and rising government spending on the advancement of public transport vehicles. Compared to traveling by personal vehicles, they conserve fuel and release lower levels of volatile chemicals into the air. Apart from this, they also meet economical standards, as the cost of traveling by public transport is a lot less than that of a single gallon of gasoline and diesel.


The electric category in the U.S. bus market will have the fastest growth within the propulsion segment, at a CAGR of approximately 30%, in the coming years. This can be ascribed to the subsidies, financial incentives, and tax credits offered by the federal and state governments on the sale of electric buses. Since these are high-occupancy vehicles, they certify for exemptions from toll charges in various states, such as Colorado, Georgia, California, Hawaii, and Arizona.

The schools bus category dominated the U.S. bus market, with approximately 55% share, in 2021. The same trend will be resumed in the vehicle type segment in the forecast period owing to the status of these buses as the largest sources of mass transportation in the nation. Standard buses are used extensively in schools as well as public transportation. It will maintain the dominance in the market at a higher growth rate owing to the negligible demand for customizable buses in schools.

To obtain a competitive advantage, major companies in the U.S. bus market have participated in partnerships, collaborations, and product launches in recent years. These companies are NFI Group Inc., AB Volvo, Blue Bird Corporation, BYD Company Limited, GreenPower Motor Company Inc., Lion Electric Company, Daimler Truck AG, GILLIG LLC, Navistar International Corporation, and REV Group Inc. For instance, the BZL Electric bus chassis was launched by AB Volvo in the country in September 2021. These buses are designed to help governments transition their public transportation fleets to non-emission variants.

Hence, the rapid urbanization and rising government spending on the advancement of public transport vehicles will offer lucrative opportunities in the market.

Get New Info: https://www.prnewswire.com/news-releases/us-bus-market-size-to-cross-11-237-7-million-by-2030--says-ps-intelligence-301545747.html

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