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Showing posts from April, 2021

Europe Carsharing Market Set for Prosperity in Future

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The presence of favorable government policies and measures in many European countries and cities is one of the important factors responsible for the soaring adoption of carsharing ser-vices in Europe. For instance, the Mayor of London announced, in 2018, his plans of building public parking spaces in the city that would significantly reduce the private ownership of cars and facilitate car parking in the city. Similarly, the Mayor of Paris announced, in April 2017, her plans of making the city the first post-car city in the world. Request to Get the Sample Report The other major factors propelling the demand for carsharing services in Europe are the increasing road congestion in Euro-pean cities, especially at peak hours and the emergence of a plethora of individual business plans and models pertaining to carsharing in several European countries. In addition to this, the rising reluctance of people toward personal car ownership, on account of the various costs associated with it such as

Deployment of Electric Bikes Set to Surge Sharply in Coming Years

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The global e-bike market is predicted to generate a revenue of $25.9 billion by 2025, increasing from $14.4 billion in 2019, and predicted to progress at a 10.3% CAGR during the forecast period (2020–2025). The market is registering growth due to the rising urban road congestion, surging concerns regarding the environment, rising health concerns, and increasing government subsidies and financial incentives. When ownership type is taken into consideration, the market is divided into shared and personal.  Between these two, the personal division led the market in the past, holding more than 95.0% volume share in 2019. This is primarily because, e-bikes have only been introduced in the shared mobility domain by a few vendors. However, a large number of people have been buying these vehicles for private usage since various years. The shared division is projected to register the faster growth during the forecast period in the e-bike market.  Request to Get the Sample Report: https://www.ps

Top Leaders of Electric Bus Market and Business Strategies

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The Indian electric bus market had a valuation of $94.3 million in 2020 and it is predicted to advance at a CAGR of 48.8% between 2021 and 2025. According to the market research company, P&S Intelligence, the market will generate a revenue of $1,364.4 million by 2025. The key factors driving the advancement of the market are the increasing implementation of favorable government policies regarding electric bus deployment and the surging domestic manufacturing of electric buses in the country. Due to the rapid environmental degradation in the country, the government is enacting various policies and regulations aimed at encouraging the deployment of environment-friendly modes of transportation such as electric buses in the country. The Ministry of Heavy Industry and Public Enterprise announced the eligibility criteria for electric passenger vehicles, buses, and two- and three-wheelers to avail the various benefits sanctioned under the FAME (Faster Adoption and Manufacturing of (Hybrid

U.K. Electric Bus Charging Station Market to Witness Tremendous Growth Ahead Says P&S Intelligence

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With the growing deployment of electric buses in the public transport fleet, the demand for electric bus charging stations is rising sharply in the U.K. Due to the increasing concerns being raised over the escalating air pollution levels, electric buses are increasingly being adopted in public and military transport fleets in the country. Moreover, the country aims to increase the deployment of electric buses in the public transport fleet in the coming years. For example, an order for fully electric double-decker buses was placed by the Transport for London (TFL) in June 2018. This order was given to Alexander Dennis Ltd. (ADL) and BYD Co. Ltd. (BYD). The agreement included the procurement of 37 BYD-ADL Enviro400EV electric buses. Out of these buses, 5 had already been delivered on July 2019. Moreover, as per various reports, the total number of electric buses in the country grew by over 55% from 2017 to 2018. Request to Get the Sample Report: https://www.psmarketresearch.com/market-a

How are Water Spillages and Leaks Fueling Sales of Smart Water Meters?

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Smart water meters are rapidly becoming an integral component of both residential and industrial buildings. This is because these systems not only allow the users to track and monitor their water consumption but also help in checking the water expenses regularly. Moreover, these devices allow the users to check the readings in the building premises itself. In addition to their ability to keep water expenses under control in residential settings, smart water meters also assist majorly in curbing the loss of revenue, which is mainly caused because of the loss of water during its supply. Request to Get the Sample Report While the developed countries record water losses of nearly 20% of the total supplied water, the developing nations register losses of more than 50% of the supplied water. These huge losses cause sharp decline in revenue generation, thereby negatively impacting the growth of the water supplying companies. As a result, these companies are increasingly adopting smart wa

IoT in Logistics Market In-depth Analysis of the Industry with Future Estimations

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With the expansion of the e-commerce industry, on account of the increasing penetration of the internet and the growing number of smartphone users, the demand for the adoption of the internet of things (IoT) in the logistics sector is rising sharply across the globe. As per various reports, the e-commerce sector accounted for as much as 16.5% of all retail sales across the world in 2019, registering a growth of around 17.9% from 2018 to 2019. Furthermore, according to several estimates, e-commerce sales will account for nearly 17% of the total retail sales all over the world by 2021. One of the major factors responsible for the growing popularity of e-commerce services is the change in the buying behavior and expectations of customers across the world. Moreover, the ballooning popularity of online shopping and free and fast shipping is further boosting the growth of the e-commerce industry. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/iot-in-logis

Rising Number of Working Women Creating High Demand for Baby Diapers

The society has been witnessing several changes since the past few years, one of which is the consistent rise in the number of working women across the globe. Women in both developed and developing countries are increasingly focusing towards being independent, which is why the percentage of women in workforce has risen substantially at the present time. As per the World Bank, the number of working women during 1990–2013 rose by over 4% in 60 countries.  Since more women are stepping out of their houses, it is important to have all the support for maintaining a balance between the private and professional lives. Ascribed to this, the global baby diaper market is predicted to attain a revenue of $68.2 billion by 2022, increasing from $48.0 billion in 2015, advancing at a 5.2% CAGR during the forecast period (2016–2022). The requirement for hybrid baby diapers has risen substantially, as they have a number of advantages.  Request to Get the Sample Report:  https://www.psmarketresearch.com

How Are Government Incentives Boosting India Shared Mobility Market?

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“By 2050, it is projected that India will have added 416 million urban dwellers.”, the United Nations (UN) had said in its 2018 World Urbanization Prospects report. With such an influx of people from rural areas into cities and the latter’s own increasing population, urban areas are becoming increasingly crowded. Cities like Mumbai, Delhi, and Bengaluru are already notorious for their alarming traffic congestion due to an increasing number of vehicles on the limited road area. Apart from merely causing road congestion, automobiles have also made these cities some of the most polluted in the world. A CNN report published in February 2020 had said that India is home to 21 out of the 30 most-polluted cities in the world. As a result of the dual problems caused by automobiles, P&S Intelligence expects the Indian shared mobility market revenue to increase to $3,952.8 million by 2025 from $1,025.8 million in 2019, at an explosive 56.8% CAGR between 2020 and 2025. Request to Get the Sampl

What Are Major Catalysts for the Denim Market and Their Impact During the Short, Medium, and Long Terms?

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The global denim market is predicted to generate a revenue of $79.2 billion in 2023, increasing from $56.1 billion in 2017, progressing at a 5.8% CAGR during the forecast period (2018–2023), as per a research conducted by P&S Intelligence. The worldwide growth in the e-commerce industry and transformation of the Asian retail clothing industry are the major driving factors of the market. In terms of segment, the market is divided into premium, standard, and mass market.  Request to Get the Sample Report:  https://www.psmarketresearch.com/market-analysis/denim-jeans-market/report-sample Among all these, the premium division is expected to register the highest CAGR during the forecast period, owing to rapid westernization, increasing number of high-net-worth individuals, and growing upper-middle-class population around the world. On the basis of consumer type, the market is classified into children, men, and women, out of which, the men classification dominated the market in 2017. Men

Why is Demand for Automotive Tires Soaring in U.S.?

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The U.S. is the second-largest producer of automobiles in the world, turning out 10,880,019 vehicles in 2019, as per Organisation Internationale des Constructeurs d'Automobiles (OICA). Similarly, even more automobiles were sold in the country last year, specifically 17,480,004. This reflects a rather high demand for associated raw materials and auxiliary components, including tires. As per P&S Intelligence, the U.S. automotive tire market valued $57.9 billion in 2018, and it will grow at a 5.4% CAGR during the forecast period (2019–2024), to reach $75.4 billion by 2024. Tires in the country are available for summer, winter, and all-season usage. Among these, all-season tires account for the highest sales, as they are suitable for all seasons, therefore do not need to be constantly replaced. For instance, the northern part of the country receives heavy winter snow, which requires people to change the tires of their vehicles each year. But with the availability of all-season tire

How the Wireless EV Charging Market Has Witnessed Substantial Growth in Coming Years?

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The ballooning usage of electric vehicles (EVs) is pushing up the global demand for advanced electric vehicle charging technologies such as wireless charging. Wireless electric vehicle charging is a recent innovation that is rapidly replacing the conventional method of charging the electric vehicles by plugging them to a power source. Also known as inductive charging, wireless charging enables the operation of electric vehicles in a similar way to that of the conventional internal combustion engine (ICE) vehicles. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/wireless-ev-charging-market/report-sample Wireless chargers are installed at various points within a roadway for offering continuous charging to the electric vehicles. This way these chargers eliminate the need for batteries having large capacities and the range anxiety issues usually associated with electric cars. Moreover, with the rising requirement for PEVs (plug-in electric vehicles) and

Sharp Revenue Growth Predicted in Vehicle-to-Vehicle Communication Market During 2020-2030

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The global vehicle-to-vehicle (V2V) communication market is predicted to reach a value of $77.1 billion in 2030, increasing from $14.5 billion in 2019, progressing at a 16.6% CAGR during the forecast period (2020–2030). The key factors leading to the growth of the market are the increasing demand for enhanced safety features in vehicles, existence of supportive government regulations, and growing adoption of connected vehicles. When vehicle type is taken into consideration, the market is divided into commercial vehicle and passenger car.  Request to Get the Sample Report The passenger car category held the major share of the market in the past and is predicted to dominate the market during the forecast period as well. The worldwide sales of new passenger cars was more than 68 million in 2018. The division is further growing due to the launch of innovative products and increasing government regulations. The commercial vehicle division is projected to register the faster growth during th

North America Acid-Etched Glass Market to Witness Tremendous Growth Ahead Says P&S Intelligence

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A number of driving factors such as the soaring urban population, escalating construction activities in the commercial and residential sectors, and rising preference for high-end products will propel the North American acid-etched glass market at a 5.5% CAGR during the forecast period (2021–2030). According to P&S Intelligence, the market generated revenue of $237.3 million in 2020, and it is projected to generate $403.1 million by 2030. Additionally, the increasing preference for etched decorative glass doors and windows is also supporting market growth. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/north-america-acid-etched-glass-market/report-sample Moreover, amplifying demand for etched decorative windows and doors is driving the North American acid-etched glass market growth. Residential and commercial users are adopting large quantity of etched glasses for decorative purposes, due to their magnifying focus on an array of gradients, shades,

U.S. Shower Glass Door Market to Expand at a Healthy Growth Rate in the Coming Years

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The U.S. is witnessing a sharp surge in the sales of shower glass doors, on account of the rising urbanization rate in the country. As per the 2018 Revision of World Urbanization Prospects by the United Nations Department of Economic and Social Affairs (UNDESA), by 2050, nearly 68% of the global population is predicted to live in various urban areas. Due to the surging urbanization rate in the country, people are heavily investing in various commercial, industrial, and residential setups. This is, in turn, propelling the sales of shower glass doors in the country. Besides the rapid urbanization, the growth of the real estate industry is also positively impacting the demand for shower glass doors in the country. As shower glass doors are required in commercial and residential units such as resorts, hotels, apartments, and individual houses, the modernization and expansion of the real estate industry are causing a massive rise in their demand all over the country.  Request to Get the Sam

Opportunities for the Reefer Container Market in the United States

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The reefer container market is growing on account of the increasing demand for pharmaceutical products, rising number of trade routes, expanding e-commerce industry, and surging penetration of the real-time tracking technology. The size of the reefer container market in 2019 was 3,169.2 thousand twenty-foot equivalent units (TEU), which is predicted to reach 7,063.3 thousand TEUs by 2030, at an 8.0% CAGR during 2020–2030 (forecast period). Reefer containers are essentially temperature-controlled containers used to ferry perishable cargo over long distances, via ships, trains, and trucks. On the basis of size, the categories of the reefer container market are 20 feet, 40 feet, and more than 40 feet. Among these, the 40 feet category held the largest share in the market in 2019, and it will also grow the fastest during the forecast period. This is because 40-foot reefer containers are used for carrying high-volume cargo, and they are also similar to 20-foot variants in cost. Thus, the h

How is Government Augmenting Sales of Electric Scooters and Motorcycles in India?

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Due to the rising pollution and the increasing provision of financial incentives by the government, the sales of electric scooters and motorcycles are booming in India. In 2019, nearly 152.0 thousand units of electric motorcycles and scooters were sold in the country, registering a 20.6% growth annually from 2014. The Indian electric scooter and motorcycle market would reach a sales volume of 1,080.5 thousand by the end of 2025, exhibiting a CAGR of 57.9%between 2020 and 2025.  In terms of retail sales value, the market is predicted to advance at a CAGR of 63.9% from 2020 to 2025 and attain a revenue of more than $1.0 billion in 2025. A key factor fueling the growth of the market is the provision of lucrative financial incentives and subsidies on electric vehicles by the government. Moreover, the government is also providing tax exemptions and purchase rebates for promoting the utilization of electric vehicles and two-wheelers in the country. Request to Get the Sample Report:  https:/

Demand for Beauty Products will Skyrocket in the U.S. in the Future Years

The U.S. beauty products market had a valuation of $81.1 billion in 2019 and it is predicted to advance at a CAGR of 4.8% between 2020 and 2030. Furthermore, the market is predicted to generate a revenue of $128.7 billion by 2030. The surging population of geriatric people, the rising incidence of skin diseases, and the soaring personal care spending are the major factors fueling the expansion of the market. Additionally, the boom in the e-commerce industry is also fueling the progress of the market. The growing popularity of online shopping and the surging e-commerce sales have revolutionized the beauty industry over the last few years. According to various reports, there were 312.3 million internet users in the U.S. in 2019. As e-commerce platforms provide several lucrative discounts and offers, their growing popularity is propelling the sales of beauty products in the country. Request to Get the Sample Report : https://www.psmarketresearch.com/market-analysis/us-beauty-personal-car

Rising Need for Eco-Friendly Vehicles Driving Demand for Electric Buses

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The transportation industry is one of the major contributors towards the surging air pollution levels across the globe. Conventional vehicles run on diesel and petroleum that emit carbon dioxide on burning, which, in turn, has caused global warming. In addition to this, the availability of fossil fuels is decreasing rapidly, owing to which, the need for utilizing alternate sources for producing energy is increasing day by day. It is because of all these factors that the adoption of electric vehicles has increased significantly over the past few years. People becoming aware regarding the deterioration of environment and hence are opting of eco-friendly mobility options.  Furthermore, governments of various countries are also focusing on electrifying public transport systems, owing to which, the demand for electric buses has been increasing rapidly across the world. According to a report by P&S Intelligence, the global electric bus market is expected to reach to 331,327 units by 2025

Demand for Electric Rickshaw for Stupendous Growth in and Post 2020, Buoyed by the Global COVID-19 Pandemic

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A number of growth factors, such as the proliferation of electric vehicles (EVs) on Indian roads, rise in the demand for low-cost vehicles for first- and last-mile connectivity, implementation of stringent environmental policies, and government initiatives to promote EVs, are expected to propel the Indian electric rickshaw market at a CAGR of 33.3% during the forecast period (2020–2025). According to P&S Intelligence, the market generated $786.2 million revenue in 2019,which is projected to reach $1,394.2 million by 2025. The Indian electric rickshaw market growth is driven by the escalating demand for low-cost vehicles for first/last-mile connectivity. Electric rickshaws rides are being seen as an economical solution to bridge the public transport service gaps for commuters. Therefore, the service is gaining traction among the daily commuters in the country. For instance, the price per head per kilometer of the service is $0.14 (INR 10). Thus, these vehicles are extensively used f

Acoustic Vehicle Alerting System Sales Surging in APAC

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The rising deployment of electric vehicles (EVs) all over the world is one of the major factors responsible for the mushrooming global demand for acoustic vehicle alerting systems. According to various reports, the sales of electric cars grew by more than 2 million from 2018 to 2019. Furthermore, it was found that more than 7.1 million electric cars were sold around the world in 2019. By 2030, the total electric car fleet is predicted to rise above 130 million. Request to Get the Sample Report With the rising deployment of EVs, because of the increasing concerns being raised over the escalating pollution levels and the rising implementation of several favorable government regulations, the requirement for various vehicle components such as acoustic vehicle alerting systems (AVASs) is surging around the world. Besides these, the rapidly falling costs of the various components and parts used in EVs are also fueling the sales of AVASs across the world. Because of the aforementioned factors