Market News Point

In 2018, the mobility as a service (MaaS) market generated a revenue of $171.5 billion and is expected to reach $347.6 billion in 2024, advancing at a 11.9% CAGR during the forecast period (2019–2024). The market is growing due to the increasing concerns regarding greenhouse gas emissions, urban road congestion, cost-effective and convenient mobility option, and supportive government initiatives for facilitating the adoption of MaaS. The integration of different transport services in one single mobility offer, with active mobility and an efficient public transport system as a basis is referred to as MaaS.   In terms of service type, the mobility as a service market is categorized into shuttle service, bike sharing, car rental, ride sharing, carsharing, and ride hailing. Out of these, the car rental category dominated the market during the historical period (2014–2018) and is projected to hold the largest share of the market during the forecast period as well. This is becaus...

Flavored water is a kind of spring, purified, bottled mineral water with flavors added to it. Flavored water is a combination of mineral water, various fruit juices concentrations (such as pineapple, blackberry, mango, apple, strawberry, orange and others), artificial sweeteners or natural sweeteners. Whereas, the functional water is derived from flavored water and is prepared using ingredients such as minerals, vitamins, botanicals, herbs, raw fruit and vegetables and oxygen. These additives and antioxidants provide extra nutritional values and benefits to functional water. Growing health concerns and consumer awareness has led to the shift in demand from carbonated or artificial soft drinks to healthy alternatives including flavored and functional water. Commonly available flavored and functional water products have mixed, cherry, guava, lemon, peach and apple flavors. Preservatives, colors, caffeine and carbonation are not contained in flavored and functional water. As a result...

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...