A Market Place Research – Page 1359

Social Media Management Market To Perceive Substantial Growth During 2021 – 2031

The rise in demand for work-from-home and remote working policies during the period of the COVID-19 pandemic and the surge in demand for easily accessible and short forms of entertainment and media drive the growth of the global social media management market.

However, data privacy and sharing challenges on social media management platforms hamper the market growth. On the other hand, the integration of advanced tools such as machine learning and data analytics with social media management solutions suites present new opportunities in the coming years.

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Based on components, the solution segment contributed to the highest market share in 2021, contributing to nearly three-fifths of the global market, and is expected to maintain its leadership status during the forecast period.

This is due to the growing need for effective social media marketing campaigns. However, the service segment is projected to witness the largest CAGR of 24.3% from 2022 to 2031, owing to an increase in digital and internet penetration.

Based on the deployment model, the on-premise segment contributed to the highest market share in 2021, contributing to more than half of the global market, and is expected to maintain its leadership status during the forecast period.

This is due to the security and compliance needs of organizations. However, the cloud segment is projected to witness the largest CAGR of 24.0% from 2022 to 2031, owing to cloud-based social media management solutions’ simplified deployment and operational capabilities.

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Based on enterprise size, the large enterprises segment contributed to the highest market share in 2021, contributing to around three-fifths of the global market, and is expected to maintain its dominance during the forecast period.

This is due to large-scale social media engagements of large enterprises. However, the SMEs segment is projected to witness the largest CAGR of 24.1% from 2022 to 2031, owing to an increase in technological and digital investments by SMEs.

Based on application, the competitive intelligence segment contributed to the highest market share in 2021, contributing to more than one-fourth of the global social media management industry, and is expected to maintain its leadership status during the forecast period.

This is due to the rise in market competition. However, the risk management and fraud detection segment are projected to witness the largest CAGR of 25.5% from 2022 to 2031, owing to a surge in the number of fraud cases.

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Based on industry vertical, the BFSI segment held the highest market share in 2021, accounting for more than one-fifth of the global market, and is expected to maintain its lead position during the forecast period. This is due to a surge in the financial applications of social media platforms.

However, the media and entertainment segment is projected to manifest the fastest CAGR of 26.0% from 2022 to 2031. This is due to promotional and audience engagement activities being hosted on social media websites.

The key players profiled in the social media management market analysis are Adobe, Brandwatch, Clarabridge, Digimind, Falcon.io, Google, Hootsuite Inc., HubSpot, Inc., IBM Corporation, Khoros, LLC, Meltwater, NetBase Quid, Inc., Oracle Corporation, Salesforce Inc., Sprinklr, Inc., Sprout Social Inc., Talkwalker Inc., Zoho Corporation Pvt. Ltd. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Related Report:

Social Media Analytics-Based Insurance Market

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Social Media Analytics-Based Insurance Market

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Canned Tomatoes Market Top Company Profile: DeMatteis, General Mills, Inc., Nestle S.A., Red Gold, Unilever Plc

The global canned tomatoes market is studied across North America, Europe, Asia-Pacific, and LAMEA. Europe is the largest consumer of canned tomatoes in the world with more than fifty percent market share, and is closely followed by North America. Asia-Pacific provides high growth opportunities due to rapidly increasing middle class population and growing product awareness.

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The global canned tomatoes market size was valued at $11.7 billion in 2020, and is projected reach $19.5 billion by 2030, registering a CAGR of 5.3% from 2021 to 2030.

Organic canned tomatoes are gaining traction in the market as consumers are looking toward products that are natural and free of chemicals.

The hospitality sector consists of establishments such as hotels, restaurants, cafes, food trucks, pop up restaurants, and many others. These establishments work on tight schedules and need to prepare and deliver food quickly to provide seamless customer experience. As a result, these establishments needs to keep significant level of inventory used for cooking in stock to avoid abrupt ceasing of operations. As a result, most of these establishments make use of canned and packaged food that have long shelf lives along with food that need to be stocked daily, thus boosting the canned tomatoes market growth. Canned tomatoes are also stored in large quantities by these establishments as tomato is a very versatile ingredient in cooking and gastronomy and has use in a myriad of cuisines. Thus, high purchase quantity of canned tomatoes by the hospitality industry is boosting the canned tomatoes market significantly.

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Canned food are very popular in many parts of the world. However, a new type of food packaging, called aseptic packaging is gaining more popularity in the market. Aseptic packaging is a process in which the food is sterilized outside the package using suitable processes and is then packed in a sterile and safe environment. It eliminates most of the bacteria in the food and helps increase the shelf life of the food, similar to the canning process. However, aseptic packaging is more environmentally friendly than canning. This is because aseptic packaging makes use of paper and cartons for packaging that are biodegradable and more environmentally sustainable than cans. Also, tomatoes are now available in aseptic packaging, which provides tough competition to canned tomatoes. With increasing preference towards aseptic packaging the demand canned tomatoes industry is expected to be negatively impacted.

Some of the major players profiled in the canned tomatoes market analysis include Conagra brands, Del Monte Foods Holding Limited and Subsidiaries, DeMatteis, General Mills, Inc., Kraft Heinz Company, Nestle S.A., Princes Limited, Red Gold, Sun-Brite Foods Inc., and Unilever Plc. Other prominent players analyzed in the report are The Morning Star Company, COFCO Tunhe Tomato Co., Ltd., Xinjiang Chalkis Company Ltd, Ingomar Packing Co, Olam International, Los Gatos Tomato Products, and China Haohan Group Limited.

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Key Findings Of The Study

By type, the diced canned tomatoes leads in terms of market share however, the others canned tomatoes are expected to grow with the highest CAGR during the canned tomatoes market forecast period.
By end user, the residential segment leads in terms of market share, however the commercial segment is poised to gain market share in the coming years.
Significant portion of canned tomato sales are attributed to offline channels. The online sales of canned tomatoes is now gaining traction and is poised to grow with highest CAGR during the forecast period.
The Europe region leads with more than half of the canned tomatoes market share; however, the Asia-Pacific region is expected to witness the highest growth during the forecast period.

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Electric Powertrain Market Expected to Reach $1,078.18 Billion by 2031

According to a new report published by Allied Market Research, titled, “Electric Powertrain Market,” The electric powertrain market was valued at $83.66 billion in 2021, and is estimated to reach $1,078.18 billion by 2031, growing at a CAGR of 29.1% from 2022 to 2031.

An electric powertrain is the group of components in an electric vehicle that transfers power from the battery to the surface where the vehicle runs. The component in an electric powertrain includes inverter, which converts the battery DC power to AC and drives the induction motor in vehicle for propulsion. Moreover, electric motor is an important part of electric powertrain development as it converts electricity to torque to move the vehicle. The electric powertrain of a vehicle is defined by its performance, comfort, and safety. The automotive powertrain portfolio is diversified and includes many pure electric and hybrid powertrains. In addition, the overall powertrain landscape has become more dynamic and complex with the emergence of technology such as innovation in battery technologies and supportive government policies. For instance, in January 2022, Magna International Inc. unveiled the EtelligentForce, a battery electric 4WD powertrain system for pickup trucks and light commercial vehicles. The system had fewer moving parts than a traditional ICE powertrain, thereby requiring less maintenance.

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In addition, the electric powertrain market has witnessed significant growth in recent years, owing to increased demand for improved vehicle performance and the inclination of consumers toward environment-friendly vehicles. For instance, in April 2022, Magna International Inc. announced the opening of a new manufacturing plant in Ramos Arizpe, Mexico. The 260,000 square foot facility produced inverters, motors, and on-board chargers for use in General Motors’ series of electric vehicles (EVs). Furthermore, the companies operating in the electric powertrain market have adopted partnerships, investments, and product developments to increase their market share and expand their geographical presence. Moreover, major automotive component manufacturers have been investing in electric axle drives to capitalize on the increasing sales of electric and hybrid vehicles to increase their market share. For instance, in August 2021, Schaeffler AG brought in further development in its electric axle by introducing the 800-volt power electronics and thermal management system. These improvements increased the efficiency of the electric drive, which further increased the effective range of electric vehicles.

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KEY FINDINGS OF THE STUDY

By component, on-board charger segment is anticipated to exhibit a remarkable growth during the forecast period.
On the basis of vehicle type, the commercial vehicle segment is anticipated to exhibit a remarkable growth during the forecast period.
On the basis of vehicle class, the luxury segment is the highest contributor to the electric powertrain market in terms of growth rate.
By vehicle drive type, the rear wheel drive segment is anticipated to exhibit a remarkable growth during the forecast period.
On the basis of application, the battery electric vehicle (BEV) segment is expected to exhibit a remarkable growth during the forecast period.
By region, LAMEA would exhibit higher growth rate as compared to other regions.

The key players operating in the electric powertrain market are BorgWarner, Robert Bosch GmbH, Continental AG, Dana Incorporated, Denso, Hitachi, Magna International Inc., Magneti Marelli Ck Holdings, Mitsubishi Electric Corp., Nidec Corporation, Panasonic, Schaeffler AG, Toyota Industries Corporation, Valeo, ZF Friedrichshafen AG, Brusa Electronik (Key Innovator) and Kelly Controls, Inc. (Key Innovators).

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Automotive LiDAR Market Expected to Reach $1.83 Billion by 2030

According to a recent report published by Allied Market Research, titled, “Automotive LiDAR Market by Application, Technology, Range, Vehicle Type and Region: Global Opportunity Analysis and Industry Forecast, 2021–2028,” the global automotive LiDAR market was valued at $221.7 million in 2020, and is projected to reach $1,831.9 million by 2028, registering a CAGR of 30.3%.

North America is the highest revenue contributor, followed by Europe, Asia-Pacific, and LAMEA. On the basis of forecast analysis, Asia-Pacific is expected to lead the market during the forecast period, owing to the increasing demand for semi-autonomous vehicles and expansion of global automotive LiDAR market players coupled with the introduction of advanced LiDAR. Lidar promises to improve on those features with more accurate environment mapping and quicker processing from the rapid-fire nature of the systems.

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Lidar systems map out their environments by sending laser pulses outward. When the pulse contacts an object or obstacle, it reflects or bounces back to the lidar unit. The system then receives the pulse and calculates the distance between it and the object, based on the elapsed time between emitting the pulse and receiving the return beam. Lidar does this rapidly, with some emitting millions of pulses per second. As the beams return to the system, it begins forming a picture of what’s going on in the world around the vehicle and can use computer algorithms to piece together shapes for cars, people, and other obstacles.

Factors such as increase in developments of semi-autonomous & autonomous vehicle, rise in emphasis from the governments for ADAS incorporated vehicles, and surge in investments & funding in LiDAR startups are expected to drive the market growth. However, high cost of LiDAR system and environmental constraints & optical vulnerability pose a challenge for use of LiDAR hinder the market growth.

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Key Findings Of The Study

On the basis of application, the autonomous vehicles segment is anticipated to exhibit a remarkable growth during the forecast period.
On the basis of technology, the solid-state LiDAR segment is the highest contributor to the Automotive LiDAR market in terms of revenue.
On the basis of range, the long-range segment is anticipated to exhibit a remarkable growth during the forecast period.
By vehicle type, the internal combustion engine (ICE) segment is the highest contributor to the Automotive LiDAR market in terms of revenue.

Continental AG, First Sensor AG, Ibeo Automotive Systems GmbH, Innoviz Technologies Ltd, LeddarTech, Luminar Technologies, Ouster, Inc., Robert Bosch GmbH, Valeo and Velodyne LiDAR, Inc are some of the leading key players operating in the automotive LiDAR market.

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Glycol Ethers Market Business Trends, Progress Insight, Key Regions, Prominent Players

Allied Market Research published an exclusive report, titled, “Glycol Ethers Market – Global Opportunity Analysis and Industry Forecast, 2020–2027”.

The glycol ethers market report offers an in-depth analysis of every crucial factor that affects the market growth including recent market developments, key market players, and decisive trends. The study begins with a detailed analysis of major determinants of the market such as drivers, challenges, restraints, and upcoming opportunities.

The market is studied based on a variety of factors that impact the performance of the market across various regions such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

The glycol ethers market report includes a thorough study of the top 10 market players active in the industry along with their business overview, financial analysis, business strategies, SWOT profile, and key products and services. Leading market players analyzed in the report include BASF, The Dow Chemical Company, Eastman Chemical Company, SABIC, Exxon Mobil Corporation, Sasol, Huntsman Corporation, Shell, LyondellBasell Industries, Hannong Chemicals Inc, Matrix Chemicals, Biesterfeld AG.. Moreover, it includes recent industry developments including prime market mergers & acquisitions, new product launches, partnerships and collaborations, and market expansion.

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The glycol ethers industry report includes growth factors of the market along with major challenges and restraining factors that might hinder the market growth. This analysis aids new market entrants and existing manufacturers to prepare for future challenges and take advantage of opportunities to strengthen their market position.

The report offers detailed information regarding major end-users and annual forecasts from 2020-2027. In addition, it presents revenue forecasts for each year along with sales and sales growth of the glycol ethers. The forecasts are offered by an in-depth study of the market by skilled analysts concerning Type, End-Use, and Region, and geography of the market. These forecasts are beneficial to gain insight on the future prospects of the market.

Prime Benefits:

The report includes Porter’s Five Forces analysis to understand the ability of buyers and suppliers to allow business investors to make strategic decisions.
The study offers a detailed analysis of the ongoing market trends, market size, and forecast of the glycol ethers market during the period 2020-2027.
The report includes the potential of the market across various regions along with revenue contribution.
The study provides an in-depth analysis of the major market players in the glycol ethers market.

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Major Offering of the Report:

Major impacting factors: An in-depth analysis of driving factors, upcoming opportunities, and challenges.
Ongoing trends & forecasts: A thorough study in recent market trends, happenings, and forecasts for the next few years to take a strategic, informed decision.
Segmental analysis: A detailed analysis of each segment and driving factors coupled with growth rate analysis.
Regional analysis: Insights on the market potential across each region to enable market players to leverage market opportunities.
Competitive landscape: An in-depth analysis of every key market player active in the glycol ethers market.

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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Pisco Market Growth Opportunity, Industry Vertical and Forecasts 2029

According to a new report published by Allied Market Research, titled, “Pisco Market by Origin, Type, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global pisco market size was valued at $558.5 million in 2020, and is projected to reach $1,173.6 million by 2030, registering a CAGR of 6.3% from 2021 to 2030. In 2020, the Chile segment accounted for the highest share in the pisco market. Pisco is highly produced in the region of Chile and Peru as an alternative to orujo, a pomace brandy that was being imported from Spain since the 16th century.

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In various regions around the world, alcoholic drinks have become an integral part of daily life. In some countries, such as the US, Canada, and Europe, they are often considered as part of the daily life of the people. The rise in social acceptance of female drinking is one of the main factors that is driving the alcohol-based market. Younger population is also influenced by their peers. Due to various factors such as increasing social media penetration, changing lifestyle, and higher family income, alcoholic products are more preferred by consumers. This is expected to continue to drive the pisco market growth.

Moreover, due to the rapid pace of technological change in the food and beverage industry, many companies are shifting their R&D efforts away from their headquarters. Due to the increasing number of products that are better than their rivals, the focus on R&D will increase. This is also expected to improve the sales of pisco.

According to the pisco market analysis, the market is segmented on the basis of origin, type, sales channel, and region. By origin, it is divided into Peru and Chile. On the basis of type, the market is split into Pisco Puro, Mosto Verde, and others. Based on sales channel, the supermarket/hypermarket segment generated the highest revenue in 2020.

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The on trade sales channel such as supermarket, specialty stores of pisco have nosedived across the world, owing to the closure of HORECA industry across the world. Furthermore, recent development in resurgence of the second wave of coronavirus in Europe and North America is one of the major challenges the industry is expected to face in the coming days.

Latin America accounted for over 55.3% of the Pisco market share, and is anticipated to maintain its dominance throughout the pisco market forecast period. Pisco market has been provided for all the four regions covered in the report. Countries analyzed under the North American geographical segment are the U.S., Canada, and Mexico. Under Europe, market size and forecast are provided for the UK, Germany, France, Italy, Spain, Russia and rest of Europe.

Countries covered in Asia-Pacific include Japan, China, Australia, India, South Korea, Indonesia, Thailand, and rest of Asia-Pacific. Japan, China, and Australia are the leading markets for Pisco in the region. LAMEA includes Brazil, Argentina, Chile, Peru, South Africa, UAE, and rest of LAMEA.

The key players profiled in pisco industry include Barsol Pisco GmbH, Bauza, Bauza, Compañía de las Cervecerías Unidas S.A, Cooperative Agricola Pisquera Elqui ltda, Macchu Pisco LLC, Pisco Malpaso, Pisco Porton, Pisquera Tulahuen SpA, and The Pisco People.

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Key findings of the study

By form, the capsule & tablets segment held the highest share, accounting for 56.1% of the global Pisco market.
Based on nature, the organic segment witnessed a major growth rate of 12.8%.
Based on end use industry, food & beverage segment held the major share of 48.2% of the Pisco market.
Based on distribution channel, business to business segment witnessed a major annual growth rate of 12.9%.

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> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.

> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors

Related Reports:

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Yeast flakes market

Cedarwood Oil market

Jalapeno salt market

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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Fleet Management Market: Asia-Pacific Region to Rake at 12.1% CAGR During 2021 to 2030

Allied Market Research recently published a report, titled, “Fleet Management Market by Vehicle Type (Light Commercial Vehicle, Heavy Commercial Vehicle, Aircraft, Railway, and Watercraft), Component (Solution and Services), Communication Technology (Global Navigation Satellite System (GNSS) and Cellular System), and Industry (Retail, Government, Transportation & Logistics, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030″. As per the report, the global fleet management industry was pegged at $19.46 billion in 2020, and is projected to reach $52.50 billion by 2030, growing at a CAGR of 10.6% from 2021 to 2030.

Major determinants of the market growth

Need of operational competency in fleet management, mandatory government regulations, and rise in concerns about fleet safety have boosted the growth of the global fleet management market. However, lack of uninterrupted & seamless internet connectivity and cost sensitivity in local players hinder the market growth. On the contrary, intelligent transportation system and strengthening communication network would open lucrative opportunities in the future.

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Covid-19 Scenario:

The Covid-19 pandemic created uncertainty in the market. It disrupted the supply chain, hampered business growth, and temporarily shut down businesses.
The overall production activities were adversely affected the market, due to limited workforce and inadequate health safety measures.
The aircraft segment dominated the market

By vehicle type, the aircraft segment held the lion’s share in 2019, accounting for around one-fourth global fleet management market, owing to rise in aircraft fleet presence across the globe. However, the watercraft segment is projected to register the highest CAGR of 11.2% during the forecast period, due to rise in application of fleet management system in boats to keep track of boat sailing activities.

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The services to portray the highest CAGR through 2030

By component, the services segment is projected to manifest the highest CAGR of 12.7% during the forecast period, owing to rise in demand for aftersales services of fleet management and telematics solutions across the globe. However, the solution segment held the largest share in 2020, contributing to nearly two-thirds of the global fleet management market, due to rise in presence of companies operating in the industry.

North America held the lion’s share

By region, the market across North America held the largest share in 2020, accounting for around two-fifths of the market, due to rise in application of fleet management system in vehicles running across the region. However, the global fleet management market across Asia-Pacific is projected to portray the highest CAGR of 12.1% during the forecast period, owing to rise in production and sales of vehicles equipped with infotainment, navigation, and telematics services.

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Key market players

AT&T, Inc.
Cisco Systems, Inc.
Fleetmatics Group Plc
Freeway Fleet Systems
IBM Corporation
I.D. Systems
MiTAC International Corporation
Navico
Telogis
TomTom N.V.

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Similar Reports We Have on Fleet Industry:

United States Smart Fleet Management Market by Mode of Transportation (Roadways, Marine, Airways and Railways), Application (ADAS, Tracking, Optimization and Others), and Connectivity (Short Range and Long Range), and Connectivity Solutions (GPS, 4G&5G and Others): Opportunity Analysis and Industry Forecast, 2020–2027.

IoT Fleet Management Market by Platform (Device Management, Application Enablement Platform, and Network Management), Services (Professional and Managed), Cloud Deployment (Public, Private, and Hybrid), Solutions (Drive Time Analysis, Fleet Analytics, Tracking & Monitoring, Routing Management, Driver Information System, Fuel Management, Remote Diagnostics, and Vehicle Maintenance), Component (Service and Solution), and Fleet Type (Commercial Vehicles, Public Buses, and Passenger Vehicles) : Global Opportunity Analysis and Industry Forecast, 2021–2030.

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Electric Vehicle Market – Detailed analysis of current industry figures with growth opportunities and forecasts growth by 2030

According to a recent report published by Allied Market Research, titled, “Electric Vehicle Market by Type, Vehicle Type, Vehicle Class, Top Speed and Vehicle Drive Type: Global Opportunity Analysis and Industry Forecast, 2020–2030,” the global electric vehicle market was valued at $163.01 billion in 2020, and is projected to reach $823.75 billion by 2030, registering a CAGR of 18.2% from 2021 to 2030.

Asia-Pacific dominates the market in terms of growth, followed by Europe, North America and LAMEA. Germany dominated the global electric vehicle market share in 2020, whereas Norway is expected to grow at a significant rate in the EV market during the forecast period.

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The electric vehicle industry holds a great potential in the near future to change the global vehicular emissions scenario. Electric vehicles are witnessing wide adoption globally due to stringent vehicular emission norms to reduce carbon footprint and the changing vehicle architectures. The U.S. and European Union have issued standards, such as CAFÉ standards, for automobile manufacturers to be mandatorily incorporated in their vehicles. Numerous commercial and government fleet managers rely on electric vehicles to secure their budgets from unfavorable fluctuations in the fuel costs and reduce emissions of their fleets.

In addition, urbanization, rise in congestion, and increase in emissions have propelled the hybridization and electrification of vehicle powertrains. Moreover, volatile oil & gas prices and upcoming shortage in fossil fuel are expected to boost the adoption of fuel-efficient vehicles. The Brazil, Russia, India, and China (BRIC) countries have shown rise in the degree of interest in eco-friendly and sustainable technologies. Countries, such as China and India, hold a tremendous market potential as, their governments have promoted substantial incentives for purchasing electric vehicles. Various companies intend to expand their market penetration in Asia-Pacific for the development of advanced electric vehicles.

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By type, the market is categorized into battery electric vehicle, plugin-hybrid electric vehicle and fuel cell electric vehicle. The battery electric vehicle holds majority of market share in 2020 and is projected to lead the market during the forecast period due to higher growth rate. By vehicle type, the electric vehicle market is categorized into two-wheelers, passenger cars and commercial vehicles. The passenger cars segment accounted for majority of market share in 2020, and is anticipated to witness a double digit growth owing to the increase in sales of electric passenger cars globally and supportive government initiatives upon purchase of electric vehicles. The commercial vehicles segment is anticipated to lead the market due to higher growth rate during the forecast period.

Factors such as increase in demand for fuel-efficient, high-performance, & low-emission vehicles, stringent government rules & regulations toward vehicle emission along with reduction in cost of electric vehicle batteries and increasing fuel costs supplement the growth of the electric vehicle market. Moreover, factors such as lack of charging infrastructure, high manufacturing cost, and range anxiety and serviceability are the factors expected to hamper the growth of the EV market. Furthermore, factors such as technological advancements, proactive government initiatives and development of self-driving electric vehicle technology are expected to create ample opportunities for the key players operating in the electric vehicle market.

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Key Findings Of The Study

By vehicle type, the passenger car segment leads the market during the forecast period.
By vehicle class, the mid-priced electric vehicles segment leads the market during the forecast period.
By top speed, the 100 to 125 MPH is expected to grow at lucrative growth rate during the forecast period (2021-2030).
By vehicle drive type, all wheel drive leads the market during the forecast period.
Europe is anticipated to exhibit the highest CAGR during the forecast period.

The key players analyzed in this EV market report are Ampere Vehicles, Benling India Energy and Technology Pvt Ltd, BMW AG, BYD Company Limited, Chevrolet Motor Company, Daimler AG, Energica Motor Company S.p.A., Ford Motor Company, General Motors, Hero Electric, Hyundai Motor Company, Karma Automotive, Kia Corporation, Lucid Group, Inc., Mahindra Electric Mobility Limited, NIO, Nissan Motors Co., Ltd., Okinawa Autotech Pvt. Ltd., Rivain, Tata Motors, Tesla, Inc., Toyota Motor Corporation, Volkswagen AG, WM Motor, and Xiaopeng Motors.

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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Electric Wheelchair Market is projected reach $5.8 billion by 2027, registering a CAGR of 9.7% from 2021 to 2027

According to a new report published by Allied Market Research, titled, “Electric Wheelchair Market by Product Type: Global Opportunity Analysis and Industry Forecast, 2021–2027,” the global electric wheelchair market size was $2.9 billion in 2019, and is projected reach $5.8 billion by 2027, registering a CAGR of 9.7% from 2021 to 2027

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The key players profiled in the electric wheelchair market report are OttoBock Healthcare GmbH, Invacare Corporation, Pride Mobility Products Corp, Permobil AB, Sunrise Medical Limited, MEYRA GmbH, Matsunaga Manufactory Co., Ltd., Karma Medical Products Co., Ltd., Miki Kogyosho Co. Ltd., and Nissin Medical Industries Co., Ltd.

Center wheel drive, front wheel drive, rear wheel drive, standing electric wheelchair, and others are the major product types of electric wheelchair. Center wheel drive segment is the leads in terms of global electric wheelchair market share, and is expected to retain its dominance throughout the forecast period, owing to higher stability; superior maneuverability; and enhanced traction on surfaces, inclines, and side slopes.

The global electric wheelchair industry has witnessed notable growth in the last few years, owing to increase in trend of automation that facilitates enhanced returns on investments and cost optimization. Electric wheelchair are now equipped with durable, adjustable, and feature special seats with soft pads for orthopedic patients.

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Upsurge in elderly population, necessity of automated wheelchair for disabled people, and high disposable income of people are the major factors contributing toward the growth of the electric wheelchair market. However, excessive cost of electric wheelchair and lack of awareness and infrastructure restrict the adoption of electrical wheelchair.

Electric wheelchair are an effective way to alleviate the impact of mobility limitations for aged people, permitting more efficient ambulation over long & short distance along with increased independence. Furthermore, electric wheelchair are gaining high traction, owing to the convenience, programmed system, and easy movement of the chairs. In addition, increase in life expectancy has resulted in growing need for electric wheelchair for performance of daily activities, which significantly drives the global electric wheelchair market growth.

The market is further expected to undergo a massive transformation with the use of automation and artificial intelligence. The global electric wheelchair market is segmented into product type, which includes center wheel drive, front wheel drive, rear wheel drive, standing electric wheelchair and others. Region wise, the electric wheelchair market is studied across North America, Europe, Asia-Pacific, and LAMEA.

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Key Findings of the Study:

Region wise, North America dominates in terms of share, and is expected to retain its dominance during the forecast period.
On the basis of type, the center wheel drive segment led in terms of market size in 2019, and is expected to continue this trend in the upcoming years.
Asia-Pacific is anticipated to grow with robust CAGR of 11.5% during the electric wheelchair market forecast period.

LIST OF TABLES :-
TABLE 01. GLOBAL ELECTRIC WHEELCHAIRS MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 02. CENTRE WHEEL DRIVE WHEELCHAIRS MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 03. FRONT WHEEL DRIVE WHEELCHAIRS MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 04. REAR WHEEL DRIVE WHEELCHAIRS MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 05. STANDING ELECTRIC WHEELCHAIR MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 06. OTHERS ELECTRIC WHEELCHAIRS MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 07. GLOBAL ELECTRIC WHEELCHAIRS MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 08. NORTH AMERICA ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2019–2027 ($MILLION) …. Continue

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Carbon Black in Lead-Acid Battery Market is Set To Experience Revolutionary Growth in North America By 2027 | Imerys, Orion Engineered Carbons, Cabot Corporation, SGL Carbon, Aditya Birla Group, Denka Company Limited

According to the report published by Allied Market Research, the Carbon Black in Lead-Acid Battery Market by Battery Type (Flooded Lead-Acid Battery and Valve Regulated Lead-Acid (VRLA) Battery) and Grade (Specialty and Conductive): Global Opportunity Analysis and Industry Forecast, 2020-2027. The carbon black in lead-acid battery marketwas estimated at $417.1 million in 2019 and is expected to hit at $591.4 million by 2027, registering a CAGR of 4.6% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Cost-efficient energy storage solution and recyclability associated with lead-acid batteries over lithium-ion batteries fuel the growth of the global carbon black in lead-acid battery market. On the other hand, emerging as well as existing alternatives available in the market restrain the growth to some extent. Nevertheless, rise in need to expand data centers is anticipated to pave the way for an array of opportunities in the future.

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The key market players analyzed in the global Carbon Black in Lead-Acid Battery market report include Orion Engineered Carbons S.A., Cabot Corporation, Superior Graphite, SGL Carbon SE, Aditya Birla Group, Israzion Ltd., Denka Company Limited, Shandong Jinkeli Power Sources Technology Co., Ltd, Imerys, and Continental Carbon Company. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

Covid-19 scenario-

The outbreak of COVID-19 gave way to distorted production of UPS system and automobiles. This, in turn, led to dwindled demand for carbon black from the battery manufacturers.
The second wave of the virus has now hit the world and many countries have again entered the lockdown phase. Accordingly, the global carbon black in lead-acid battery market has been badly affected.

The global carbon black in lead-acid battery market is analyzed across battery type, grade, and region. By battery-type, the flooded lead acid battery segment held more than four-fifths of the total market share in 2019 and is expected to rule the roost by 2027. Simultaneously, the valve regulated lead acid (VRLA) battery segment would grow at the fastest CAGR of 5.9% during the forecast period.

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Based on grade, the specialty segment contributed to more than four-fifths of the total market revenue in 2019, and is projected to lead the trail by the end of 2027. The same segment would also cite the fastest CAGR of 4.8% from 2020 to 2027.

Based on region, Asia-Pacific generated the highest share in 2019, garnering nearly two-fifths of the global carbon black in lead-acid battery market. The same region would also exhibit the fastest CAGR of 5.0% from 2020 to 2027. The other provinces discussed in the report include North America, Europe, and LAMEA.

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