Market News Point

North American electric car market is witnessing a significant growth over the last few years. The U.S. and Canada are the main countries in the region accounting for majority of sales. Plug-in electric cars are more preferred in the region compared to battery operated ones. Moreover, the preference of cars varies significantly from state to state. For instance, the customers in the north-eastern region of the U.S. prefer electric cars with higher capabilities and range. The North American electric car market is expected to witness a significant growth over the forecast period, driven by government incentives and subsidies, innovation and improving affordability of electric cars. However, lack of models to choose from, less recharging stations and concentration in key cities are some of the factors hampering its sales in the region. Government support in the form of incentives and subsides is a major factor benefiting the sales of electric cars in the region. For instance, t

The household vacuum cleaners market is growing, due to the increasing concerns of consumers towards hygiene, advent of advanced and efficient appliances, upsurge in consumer living standards, escalating income levels, and the widespread trend of keeping multiple vacuum cleaners in a household. The advent of energy efficient and eco-friendly vacuum cleaners is one of the major trends, in the household vacuum cleaners market. The enhancement within the efficiency of the vacuum cleaners is expected to provide ample growth opportunities, for the household vacuum cleaners market, in the coming years. The increasing awareness about advantages of vacuum cleaners usage is also encouraging the low-income households, to purchase vacuum cleaners. Asia-Pacific leads the household vacuum cleaners market, and is expected to retain its dominance, during the forecast period. The consumers in developed markets, such as North America are replacing their conventional vacuum cleaners, with energy e

Rise in disposable income of people, change in lifestyle, and increase in product launches to cater to the growing consumer demand are the key factors driving the facial care market, globally. Further, the growing popularity of multi-purpose products is expected to propel the market growth. The market has diversified exponentially in recent years with the launch of various products, such as face cream, toner, serum, facial mask, and anti-age cream. On the basis of product type, the facial care market is categorized into face cream and moisturizer, anti-aging cream, serum, face mask, face wash, cleanser, toner, scrub, and others. During the forecast period, the market is expected to witness the fastest growth in the category of anti-aging creams, on account of surging geriatric population and increasing consciousness among people to look younger, with special focus on the facial skin. It has been observed that people have started using facial care products from a very young age to d

The global connected truck market is estimated to observe a substantial growth in the coming years, due to growing demand for in-vehicle safety features, vehicle connectivity in logistics and transportation sector, driver assistance system, infotainment system, electrification and digitization of vehicle components, and autonomous driving. On the basis of service, the connected truck market is bifurcated into fleet management, and cybersecurity and updates. Of the two, fleet management is expected to hold a larger share in the market during the forecast period. The updates in telematic control unit (TCU) application and real-time over-the-air (OTA) data analytics are the major factors driving the growth of fleet management service. On the basis of communication, the connected truck market is further segmented into vehicle-to-vehicle (V2V), vehicle to infrastructure (V2I), and vehicle to cloud (V2C). The V2C category is expected to grow significantly during the forecast period

Breakfast cereal is a food mainly processed from grains or multiple grains such as oats, corns and others that is eaten as first meal of the day. Breakfast cereal grain is light and contains low cholesterol, high fiber and high nutrient. Traditionally, home cooked food such as porridges, breads and buns, eggs and noodles were taken in breakfast but increasing adoption of ready to serve meals for the breakfast is escalating the global breakfast cereals market . Porridges, made up of barley, used to be a major breakfast meal, which is now replaced by fiber rich cereals. Breakfast cereal has become a nearly irreplaceable product of modern kitchen, owing to busy lifestyle and rapid modernization. Various lifestyle disorders such as high cholesterol, diabetes, obesity and growing cardiac issues have led people to consume low cholesterol and fiber rich nutrient food. Further, the factors such as tough dietary preferences and demanding lifestyles are also contributing to the growth of

The global automotive tire market registered revenue of $155.3 billion in 2018, which is expected to reach $237.2 billion by 2024, growing with a CAGR of 7.7% during 2019–2024. In terms of vehicles, the passenger cars category held the largest share in the market during the historical period. However, the fastest growth in the automotive tire market is projected to be observed by the medium & heavy commercial vehicles category, during the forecast period. This is attributed to the rising demand for these vehicles in the manufacturing industries across the world. For instance, as per the American Trucking Associations (ATA), the U.S. truck transportation volume grew by 4.2% in 2018, owing to the rebound of the manufacturing industry, along with rising economy, in the U.S. The passenger cars category held the largest share in the automotive tire market in 2018, and is expected to continue being the largest category during the forecast period. This can be primarily ascribe

Asia-Pacific dominates the global nutricosmetics market in terms of geography. The demand for nutricosmetics in Asia-Pacific is due to the huge population and growing health awareness among the consumers in developing nations such as China and India. The increasing demand for “beauty from within products” is another factor which is influencing the growth of the nutricosmetics market. The nutricosmetics market in Europe is mainly driven by growing demand for beauty and health supplements . Nutricosmetics are oral based natural health products containing targeted nutrients and antioxidants that are used for treatment of the skin, hair and nails. Nutricosmetics are nutritional supplements which support the function and the structure of the skin. Many micronutrients have this effect. Nutricosmetics are products which can be ingested and that helps in enhancing the face, body, skin, hair, nails of individuals in many ways. They are beverages, functional foods or beauty supplements that c

Footwear is a garment wore in feet. The various materials used in manufacturing footwear are leather, jute, wood, plastic, textiles and rubber. The footwear business is a huge and increasingly diversified business, driven by changing lifestyle and fashion trends. Brand awareness and need for comfort are also fuelling the growth of the global footwear market size. Though the global economic crisis hampered the demand of footwear market in last few years, the global market size of footwear increased over the period due to increased demand from emerging nations. Rising demand for different types of footwear products are paving new opportunities for many manufacturers. With rapid increase in eco-friendly footwear, as consumers favor biodegradable materials that do less damage to the environment than other fabrics, the global footwear market is expanding. Also, the increasing popularity of sports such as cricket, football, soccer, hockey and tennis, contribute to the growth of global