Market News Point

Nationwide lockdowns, restrictions on the borders, and operational hindrances on account of the outbreak of the coronavirus situation have disrupted the supply chain across the world. China has a deep-rooted supply chain network in most of the COVID-19-affected countries, including the U.K., the U.S., India, Hong Kong, Singapore, Japan, Spain, South Korea, Germany, and Italy. Apart from China, these nations are also involved in extensive trade of various essential and non-essential goods with one another. All these countries have had to temporarily discontinue their trading activities to contain the impact of the virus.  Logistics Industry Outlook 2021-2030 The COVID-19 impact on logistics industry can be mostly observed on offline logistics services. There has been a subsequent shift from physical shopping to online shopping due to the social distancing norms in the affected countries. These nations are embracing social distancing as a means to mitigate the spread of the coronavir...

“The increasing popularity of exotic dishes and international cuisines and surging disposable income of the people are the major factors responsible for the soaring demand for dressings, sauces, and condiments across the globe”. There has been a sharp rise in travel and tourism over the last few years and this has led to a huge rise in interaction between people of different cultures. This has massively increased the popularity of many regional cuisines and food items, that require sauces and dressings for their preparation. “The other major factor fuelling the need for sauces and dressings is the increasing preference for healthy snacks throughout the world”. Healthy sauces are often used in preparing these snacks, thereby boosting the demand for various kinds of sauces across the world. Due to these drivers, “the global sauces, dressings, and condiments market generated $115.3 billion revenue in 2017 and is predicted to attain a value of $143.9 billion in 2023”, advancing at a CAGR ...

The advent of e-commerce has enabled a better flow of information among people. Moreover, the enhancement in internet connectivity, development in the telecom sector, and rapid urbanization are providing numerous platforms to people to advertise their used cars and spread information about their availability. Due to these developments, selling and buying used cars have become easier and faster. With the increasing space for advertisement, individual owners and dealerships can supply more products to potential buyers. Used Car Industry Outlook Besides, the rising presence of organized players in the used car market is expected to lead to an increase in sales from 115.2 million units in 2019 to 275.3 million units in2030, at a CAGR of 8.7% during 2020–2030. The organized players are providing used cars with offers such as free services at the dealership and free towing, to expand their presence. These value-added benefits and services are helping online and offline dealerships in gaining...

With the burgeoning requirement for freight safety and time-controlled deliveries, surge in global and domestic trade, and increasing adoption of smart technologies such as artificial intelligence (AI), big data analytical solutions, and internet of things (IoT), the demand for digital freight forwarding is rising sharply across the world. Big data analytics and other enterprise management suites (ERP) are used for handling many complex tasks and operations, thereby recuing the dependency on human work, which often leads to operation delays, miscalculations, and inefficiencies. Digital Freight Forwarding Market Moreover, with the growing demand for greater accuracy in product deliveries, shorter delivery time periods, and higher effectiveness of freight operations, the adoption of advanced technologies is surging in the industry. This is subsequently driving the growth of the global digital freight forwarding market. DHL International GmbH, J.B. Hunt Transport Services Inc., Schneider ...

The global automotive busbar market reached a value of $17.4 million in 2020, and it is predicted to progress at a CAGR of 24.6% between 2021 and 2030. Furthermore, as per the estimates of P&S Intelligence, a market research company based in India, the market will generate a revenue of $177.1 million in 2030. The surging deployment of electric vehicles (EVs) in several countries is a key factor driving the expansion of the market. Automotive Busbar Market Outlook This is primarily because busbars are extensively used in EVs, as traditional cell connections such as strips, lugs, and welded wires are extremely prone to failure due to the dislocation of the cells because of the vibrations caused by a moving automobile. Moreover, busbars have low thermal and electrical resistance and are thus, used heavily in EV manufacturing processes. Besides these, the soaring usage of plug-in hybrid EVs (PHEVs) is also fueling the worldwide demand for automotive busbars. Request to Get the Sample ...

The 21st century is definitely the time of electric mobility, with countries around the world taking numerous initiatives to embrace it. Globally, purchase subsidies are being offered, taxes are being reduced, and even dedicated parking lanes are being offered to encourage people to go for electric vehicles (EVs). Now, while these efforts are bearing fruit, they are also creating a problem. In a world already starved of energy, the growing number of EVs is only going to make this problem worse, by further driving the demand for electricity. Solar Powered Vehicles Market Outlook This creates another problem; still, the majority of the electricity, especially in developing countries, is produced from fossil fuels. In its latest report, the International Energy Agency (IEA) says, “The share of renewables in electricity generation is projected to increase to almost 30% in 2021.”, meaning that 70% of the energy will still be produced from natural gas, coal, and oil. According to , P&S I...

“The increasing popularity of exotic dishes and international cuisines and surging disposable income of the people are the major factors responsible for the soaring demand for dressings, sauces, and condiments across the globe”. There has been a sharp rise in travel and tourism over the last few years and this has led to a huge rise in interaction between people of different cultures. This has massively increased the popularity of many regional cuisines and food items, that require sauces and dressings for their preparation. Sauces, Dressings, and Condiments Market Outlook “The other major factor fuelling the need for sauces and dressings is the increasing preference for healthy snacks throughout the world”. Healthy sauces are often used in preparing these snacks, thereby boosting the demand for various kinds of sauces across the world. Due to these drivers, “the global sauces, dressings, and condiments market generated $115.3 billion revenue in 2017 and is predicted to attain a value...

The increasing consumption of processed foods is driving the demand for antioxidants. As processed food items are high in carbohydrates, saturated fats, free sugars, sodium, and total fats and low in various essential nutrients such as vitamins, potassium, proteins, and fiber, their increasing consumption is responsible for several health problems such as low and high blood pressure. The rising prevalence of such health problems is fueling the demand for natural antioxidants, as these compounds protect the cells from the harmful effects of free radicals, which are present in processed foods. Antioxidants Market Outlook Vitamin C, vitamin A, vitamin E, carotenoids, and polyphenols are the most commonly consumed natural oxidants. On the other hand, butylated hydroxytoluene (BHT), tert-butylhydroquinone (THBQ), Propyl Gallate (PG), and butylated hydroxyanisole (BHA) are the most widely consumed types of synthetic antioxidants. Between the two types of antioxidants, the demand for natural ...

Lithium-ion batteries have only 2–7% lithium, and procuring it through recycling is five times more expensive than extracting it from natural sources. Cobalt is the only material in these batteries that can be extracted feasibly. Battery companies are, therefore, focusing on the development of batteries that contain zero or a minimum percentage of cobalt, by replacing it with a cheaper and more-stable material, thereby creating batteries that might not have any cobalt to recycle. The expensive recycling process will also lead to the use of depleted automotive lithium-ion batteries that have around 70% of their initial efficiency for other purposes, globally. Second-Life Automotive Lithium-Ion Battery Market Outlook The widening availability of second-life automotive lithium-ion batteries can be owed to the increasing adoption of electric vehicles (EVs) worldwide. The rising sales of EVs can themselves be ascribed to the surging environmental concerns, primarily on account of the accele...

Automotive turbochargers are used to improve the power output and efficiency of an internal combustion engine (ICE) because it compresses exhaust air from the engine and dispense it to the combustion chamber. At present, turbocharging has become the standard for most diesel engines and some gasoline engines. Researchers across the world are still exploring new ways to improve the designs of turbochargers for reducing the manufacturing cost and enhancing the performance of this automobile component. Automotive Turbocharger Market Scope Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/automotive-turbocharger-market/report-sample As turbochargers help in increasing the fuel efficiency of vehicles, the rising implementation of stringent emission norms by governments across the world will augment the automotive turbocharger market growth during 2020–2030. For instance, Japan, the United States, and countries outside of Europe have drafted their emission po...

With the rising consumer requirement for faster product delivery, the demand for two-wheeler logistics solutions is growing rapidly across the world. Moreover, customer buying behavior and expectations are changing rapidly, as they are increasingly expecting free and fast shipping along with competitive product prices. As this delivery schedule challenges the traditionally used logistics, businesses are increasingly focusing on adopting faster, more-efficient, and cheaper logistics alternatives, such as two-wheeler logistics solutions. Additionally, many service providers are focusing on speeding up their delivery processes, which is also boosting the demand for two-wheeler logistics solutions. Besides this, the expansion of the e-commerce industry and the rapid digitization in the logistics industry are also driving the popularity of the two-wheeler logistics solutions across the world. According to the United Nations Conference on Trade and Development (UNCTAD), the revenue generate...

The World Health Organization (WHO) estimates the annual mortality associated with road accidents at 1.35 million at least. It is common knowledge that humans are themselves responsible for most such mishaps, by over-speeding, not keeping their eyes on the road, or talking on the phone while driving. This is why several countries in Europe and the two in North America are mandating the installation of advanced driver assistance systems (ADAS) that can aid the human drivers and reduce the likelihood of a road crash. Automotive Ultrasonic Sensors Market Outlook As per P&S Intelligence, the increasing focus on making roads and vehicles safer will help in the growth of the automotive ultrasonic sensors market from $3,461.9 million in 2019 to $6,096.2 million in 2030, at a 5.1% CAGR between 2020 and 2030. This is because several types of ADASs, such as blind spot detection systems and self-parking systems, depend on ultrasonic sensors to determine the distance between the vehicle and a...

Before plunging severely in 2020 due to the COVID-induced lockdowns and the ensuing financial distress, automotive sales had been increasing steadily across the globe. But, since the lifting of the lockdowns and resumption of manufacturing in the third quarter of 2020, as the first COVID wave waned, vehicle sales have started rising again. Though the 2021 sales might be nowhere near the 2019 numbers, automotive and associated components and parts manufacturers can expect good business. Automotive HVAC Controllers Market Outlook As per P&S Intelligence, the slow but steady surge in vehicle sales will keep propelling the automotive heating, ventilation, and air conditioning (HVAC) controllers market across the world. This is because HVAC systems have become integral to all four-wheelers, be it cars, trucks or buses (mostly luxury ones). With people’s burgeoning disposable income, especially in emerging economies, they have been able to afford cars with added features, such as HVAC sy...

Organic personal care products are primarily derived from natural sources, such as flowers, herbs, leaves, plant roots, essential oils, and barks. The natural components are combined with naturally occurring preservatives, emulsifiers, carrier agents, humectants, and surfactants. These natural ingredients induce anti-oxidation property and offer skin immunity to personal care products, such as skincare, oral care, and hair care products and color cosmetics. Among the various types of products, customers mostly opt for organic skincare products, due to the rising concerns regarding skincare and anti-aging. Organic Personal Care Products Market In recent years, the increasing awareness among customers regarding advantages of organic personal care products over synthetic products has supported the progress of the organic personal care products market. Additionally, the surging population of working-class women in emerging economies, such as India, China, and Brazil, will also fuel the con...

Blockchain technology refers to a decentralized database that stores data in blocks that are chained together. The newly generated data is stored in a fresh block. After a block is filled with data, it is linked to the previous block, thereby enabling the storage of data in a chronological order. Since decentralized blockchains are immutable, data entered in blocks are reversible and cannot be accessed through unfair means, as it is extremely difficult to go back and alter the contents unless a consensus is attained among the majority. Automotive Blockchain Market - P&S Intelligence Owing to the high security offered by the blockchain technology, it is being increasingly adopted by the automobile industry, as huge volumes of data are produced in this sector. Moreover, the real-time monitoring, scalability of information, and auditability offered by this technology will also strengthen the automotive blockchain market in the coming years. In recent years, the blockchain technology h...

Europe is one of the most-prosperous regions in the world, which is why vehicle sales have always been high here. Plus, the renowned automakers based in the region keep coming up with eye-pleasing and sleek cars to catch the people’s, especially the youth’s, fancy. Such factors are driving the regional automotive industry and, in turn, the demand for various auto components, including tires. Another reason the tire demand is rising in the region is the increasing average of vehicles. With automakers improving the quality of their vehicles, people are using them for longer than before. Europe Tire Business Scope - P&S Intelligence Since the tire replacement rate is much higher than the vehicle replacement rate, P&S Intelligence expects the European automotive tire market to grow from $20,037.8 million in 2018 to $26,327.8 million by 2024 , at a 4.5% CAGR between 2019 and 2024. Apart from the engine, speed of the vehicle, and the gear which the vehicle is being driven in, the tir...

 The automotive industry is among the most prominent industries across the globe and is undergoing continuous technological advancements, the latest one being the development of autonomous vehicles. These vehicles have different levels of autonomy, and the level 5 autonomous cars have the capability of operating without of the presence of a driver. These innovations, however, wouldn’t have been possible if it weren’t for artificial intelligence (AI). It is the technology that allows real-time and reliable recognition of objects around the vehicles, which makes possible the proper functionality of autonomous vehicles. Owing to such factors, the adoption of AI in transportation has been increasing rapidly. AI in Transportaion Market The demand for AI in the transportation sector is further increasing due to the growing focus on decreasing the operating cost of transportation. AI offers various opportunities when it comes to reducing cost and making operations more time efficient. The...