A Market Place Research – Page 164

Forwarding Futures: The Evolution of Global Freight Management

According to a new report published by Allied Market Research, titled, “Freight forwarding Market,” The freight forwarding market was valued at $192.50 billion in 2021, and is estimated to reach $285.15 billion by 2031, growing at a CAGR of 4.1% from 2022 to 2031.

Asia-Pacific is expected to dominate the global freight forwarding market in 2021. The growth of the market in Asia-Pacific is majorly attributed to the booming e-commerce industry in emerging economies in the region. High government support for development of logistics infrastructure in the region is boosting the market growth. By 2022, Asia-Pacific is expected to account for 42% of the total retail sales globally along with 70% of digital commerce sales. Furthermore, strong economy of Japan, development of infrastructure, and rise in trade facilitation through agreements such as South Asian Preferential Trade Agreement (SAPTA) are the factors that are expected to foster the growth of the freight forwarding market during the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬- https://www.alliedmarketresearch.com/request-sample/2875

𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐟𝐫𝐞𝐢𝐠𝐡𝐭 𝐟𝐨𝐫𝐰𝐚𝐫𝐝𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞 Bollore Logistics, CEVA Logistics, DB Schenker, DHL Global Forwarding, Dimerco, DSV Panalpina A/S, Expeditors International, Fedex, Hellman Worldwide Logistics, Kuehne+Nagel International AG, MGF (Manitoulin Global Forwarding), Nippon Express Co., Ltd., Transporteca, UPS Supply Chain Solutions, and UBER Freight LLC.

The transportation and warehousing segment accounted for a major share in 2021. Transportation & warehousing are the two major functions of logistics. Transportation management is the effective planning and management of logistics operations to maximize use of resources. Transportation management aids in identification of vendor and routing solutions for inbound and outbound orders. Warehousing is defined as the storage of goods, raw materials, semi-finished goods, or finished goods. Warehousing includes functions such as inventory management and order fulfillment. Transportation & warehousing are the two major functions of logistics. Transportation management is the effective planning and management of logistics operations to maximize use of resources. Transportation management aids in identification of vendor and routing solutions for inbound and outbound orders. Warehousing is defined as the storage of goods, raw materials, semi-finished goods, or finished goods. Warehousing includes functions such as inventory management and order fulfillment.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭- https://www.alliedmarketresearch.com/freight-forwarding-market/purchase-options

The growth of the global freight forwarding market is propelling, owing to growth in international trade, expansion of the e-commerce industry worldwide, and rise in free trade agreements between nations.

However, stringent emission regulations restrain growth of the freight forwarding industry. Furthermore, increase in technological advancements, cost cutting and lead time reduction due to adoption of multi-modal system are the factors expected to offer growth opportunities during the forecast period.

𝐂𝐎𝐕𝐈𝐃-19 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

The outbreak of COVID-19 resulted in flight cancellations, travel bans, and implementation of quarantine measures, which made massive disruption of the supply chain and logistics activities across the globe. The impact of the COVID-19 pandemic has resulted in workforce changes, and temporary restriction on the movement of goods. Several countries across the globe shut down their borders and limited transportation & travel to contain the coronavirus outbreak. For instance, in 2020, in European Union, trucks formed a 37-mile-long lines on A4 highway after Poland closed its border with Germany in mid-March to stop coronavirus spread.

The pandemic affected almost every dimension of economic activity and individuals globally. As a consequence of the coronavirus outbreak, important supply chains in the logistics and transportation industry were hampered, though differently across air, land, and sea mode of transportation. The supply chain disturbance created by COVID-19 is expected to impact competitiveness, economic growth, and jobs lost in the logistics industry for a while.

For instance, according to a report by the International Finance Corporation (IFC), total container volumes handled at Chinese ports dropped by 10.1% in the first months of 2020. In addition, air freight volumes fell by 19% in March 2020.

In addition, as business to business (B2B) logistics industry suffered and came to a halt, business to customer (B2C) emerged during the pandemic, owing to the growth of the online retail and e-commerce industry. Attributed to the lockdown and social distancing impact, the demand for online retailing has increased compared to offline retailing. For instance, in 2019, online shopping rose by 20% and then by 30% during lockdown. Rise in online sales compelled companies to restructure their warehouse to manage e-commerce logistics.

Moreover, increase has been witnessed in the demand for healthcare and FMCG supplies such as hospital supplies, gloves, sanitizers, vaccinations, and perishable food items, which propels growth of the logistics market during the pandemic.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠- https://www.alliedmarketresearch.com/purchase-enquiry/2875

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

By service, the value-added services segment is anticipated to exhibit significant growth in the near future.
By mode of transport, the air freight forwarding segment is anticipated to exhibit significant growth in the near future.
By customer type, the B2C segment is anticipated to exhibit significant growth in the near future.
By end-use industry, the retail and e-commerce segment is anticipated to exhibit significant growth in the near future.
By region, North America is anticipated to register the highest CAGR during the forecast period.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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Traction Battery Market Growing Technology Opportunities and Future Business Trends to 2030

The global traction battery market is expected to possess high growth potential in the coming years, owing to its use in electric vehicles, industrial, and locomotives. The increasing awareness for environment-friendly vehicles and rising volatility in fuel prices have surged the demand for electric vehicles. Moreover, factors, such as electrification of the transport sector and rising investments, will stimulate the growth of electric vehicles. Traction batteries being used for powering electric motors of electric or hybrid vehicles have registered an impressive growth, owing to the increasing demand for electric vehicles. In addition, characteristics, such as recyclability, low-cost, and eco-friendly, are providing an additional push to the growth of the traction battery market. However, the outbreak of the COVID-19 pandemic has negative impacts on the global traction battery market.

The global traction battery market size was valued at $31.6 billion in 2020, and is projected to reach $69.2 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030. Traction battery, also known as electric-vehicle battery, is used to power electric motors of both hybrid and electric vehicles. It is usually rechargeable and specially designed for high ampere-hour capacities.

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Governments of different countries have emphasized on reducing emissions from the automobile & transportation sector. Several regulatory bodies, such as the United States Environmental Protection Agency (U.S. EPA), European Union (EU), and others, have laid down acts and regulations to reduce the emission levels caused due to vehicles. This has led the government to increase awareness of electric vehicles in developed and developing economies. Moreover, the electric vehicle industry is primarily driven by attractive government policies and tax incentives for manufacturers and customers of the electric vehicle sector.

For instance, according to a report published by the U.S. Department of Energy, a minimum tax credit amount of $2,500 (and maybe up to $7,500) is available on the purchase of a new electric vehicle that uses a traction battery with at least five kilowatt-hour (kWh) of capacity. These factors are predicted to notably contribute to the global market.

However, the development of charging infrastructure for electric vehicles is a significant setback in many countries, owing to lack of space, investments, electrification, and others. According to an article published by Forbes, around 35 million electric vehicles will be sold by 2030 in the U.S. that will require 50,000 direct current fast charging (DCFC) stations and 1.2 million level 2 ports. This means approximately 380 electric vehicle charging ports need to be installed each day for the next nine years but in comparison, the U.S. has installed an average of 30 level 2 ports per day between 2010 and 2020. This factor is anticipated to hamper the traction battery market growth.

Economies, such as China, and India, are expected to drive the demand for traction battery. There is significant increase in energy demand in countries, such as China and India, owing to rise in investment in traction battery projects. The residential and industrial sectors are expected to consume more energy during the forecast period in Asia-Pacific. Furthermore, India has significant growth potential; however, due to its inconsistent policy and business environment in past, the traction battery share in total energy production was less. There has been an increase in investments in traction battery projects in India, owing to which it is one of the countries experiencing rapid growth in the Asia-Pacific market. For instance, a shift in trend toward the use of localized energy procurements can be witnessed in recent years.

The increasing demand for electric vehicles has surged the R&D activities for enhancing battery efficiencies by improving the charge cycle and reducing the unit consumption per charge. Moreover, the emergence of batteries with high energy density has increased the competition among the traction battery manufacturers for producing highly efficient traction batteries for electric and hybrid vehicles. For instance, according to an article published by International Industrial Vehicle Technology, Ecovolta, a leading manufacturer of battery systems, has launched a new range of traction batteries known as evoTraction battery that can replace lead-acid batteries with a standardized lithium-ion battery, thus cutting costs per charge cycle by up to 50%. Furthermore, customers are becoming more linear toward purchasing lithium-ion traction batteries, owing to their lightweight and long-lasting battery life. All these factors are expected to offer future growth opportunities to the global traction battery market.

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The traction battery market analysis is done on the basis of product type, capacity, application, and region.

By product type, the market is segregated into lead acid based, nickel based, lithium-ion based, and others. The lead acid based segment dominated the global market in terms of revenue in 2020, with over two-fifth of the total share. Factors, such as low price, high cyclability, and high vibration resistance, make the customers linear toward purchasing lead acid-based traction batteries. This may provide an additional push to the growth of the traction battery market. In addition, lead acid-based traction batteries are accepted as a reliable and robust power source for electric vehicles, e-bikes, floor scrubbers, and others. This is anticipated to increase the sales of lead acid-based traction batteries, thereby creating lucrative opportunities for the market.

By capacity, the market is segregated into less than 100 Ah, 100 – 200 Ah, 200 – 300 Ah, 300 – 400 Ah, and 400 Ah & above. The less than 100 Ah segment dominated the global market in terms of revenue in 2020, with over two-seventh of the total share. Traction battery with less than 100 Ah capacity offers easy swapping and removing, low price, less space requirement, and lightweight, making the key automotive manufacturers use small capacity traction batteries for reducing the overall weight of the vehicle, thereby improving the mileage. This is anticipated to increase the sales of less than 100 Ah traction batteries, thereby creating remunerative opportunities for the market.

By application, the market is fragmented into electrical vehicle, industrial, locomotives, and others. The electrical vehicle segment dominated the global market, with over three-seventh of the total share in 2020. The increasing fuel prices, owing to several geopolitical issues have led the customers to become more linear toward purchasing electric vehicles, which, in turn, may provide an additional push to the growth of the traction battery market for electric vehicles. In addition, attractive government incentives provided on the purchase of electric vehicles is anticipated to open up new opportunities for the market during the forecast period.

Region-wise, the traction battery market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific traction battery market is projected to grow at the highest CAGR during the forecast period, owing to increasing demand for traction battery in sectors, such as automotive and transportation, industrial manufacturing, railways, and others, which is the key market trend in the global market. The growing population has surged the automotive and transportation sector where traction battery is widely used for powering electric motor in forklift trucks. For instance, according to a report published by Indian Ministry of Commerce and Industry, the transport sector in India is expected to grow at a compound annual growth rate of 5.9%. This may act as one of the key drivers responsible for the growth of the traction battery market.

Key players operating in the global traction battery market include Exide Industries Ltd., ECOVOLTA, GS Yuasa International Ltd., HOPPECKE Carl Zoellner & Sohn GmbH, Banner Batteries (GB) Ltd., BAE Batteries GmbH, Toshiba Corporation, INTILION GmbH, Leoch International Technology Limited Inc., and Inci GS Yuasa.

The global market analysis covers in-depth information of the major traction battery industry participants.

COVID-19 analysis

The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. The traction battery market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to its dependence on transportation, industrial manufacturing, and other sectors. According to a report published by the International Energy Agency, the global road transport activity was almost 50% below the average by the end of March 2020 as compared to March 2019. Several companies have either shut down or minimized their operations due to the risk of infections among the workforce, which, in turn, slowed the production rates of traction batteries during the COVID-19 period. In addition, the falling income of customers and travel restrictions imposed by both local and government bodies decreased the sales of electric vehicles and e-bikes, which, in turn, led the traction battery market to witness a downfall in demand. Around 180 countries have temporarily stopped the trade of unnecessary products, which, in turn, hampered the demand-supply chain of traction batteries amid the COVID-19 situation. In addition, the shutdown of small & large-scale manufacturing industries where traction battery is widely used to power automotive industry systems has led the market to witness a downfall in demand. According to a report published by the National Bureau of Statistics of China, the manufacturing industry witnessed a 20% decline in production in March 2020 as compared to March 2019 while profits declined by 66%.

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Key findings of the study

The lithium-ion segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 9.5% from 2021 to 2030.
The less than 100 Ah capacity is anticipated to register the highest CAGR of 8.5% during the forecast period.
The electrical vehicle application is anticipated to register the highest CAGR of 8.5% during the forecast period.
Asia-Pacific accounted for 54.5% of traction battery market share in 2020, in terms of revenue, growing at a CAGR of 8.9%

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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 the 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 the 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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Charging into the Future: Electric Vehicle Charging Station Market Accelerating at a 30.5% CAGR from 2022 to 2031

According to a new report published by Allied Market Research, titled, “Electric Vehicle Charging Station Market,” The electric vehicle charging station market was valued at $16.6 billion in 2021, and is estimated to reach $226.3 billion by 2031, growing at a CAGR of 30.5% from 2022 to 2031.

Asia-Pacific is expected to dominate the global market during the forecast period. An increase in electric vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific electric vehicle charging station market. Moreover, various technological advancements related to electric vehicles are taking place, due to government initiatives, which further propel the market growth.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬- https://www.alliedmarketresearch.com/request-sample/17811

People on the move demand for faster charging solutions that can charge their vehicles for a longer range in lesser time. This has encouraged the companies to launch technologically advanced level 3 DC charging solutions for these customers. In addition, several companies operating in electric vehicle charging station market are introducing new and faster electric car charger to charge an electric vehicle at public charging stations, which fuels the growth of the segment. For instance, in September 2021, ABB launched Terra 360, which is world’s fastest EV charging station with the capability to charge most EVs in less than 15 minutes. It can also deliver 100 km range in less than 3 minutes. In addition, ABB exclusively launched this charger for public charging stations, and it has the potential to charge up to 4 electric vehicles simultaneously.

The growth of the global electric vehicle charging station market is propelling, due to rise in adoption of electric vehicles owing to government initiatives. However, high cost of electric vehicle charging infrastructure, and lack of standardization of current EV charging infrastructure are the factors hampering the growth of the market. Furthermore, incorporation of vehicle-to-grid (V2G) EV charging stations is the factor expected to offer growth opportunities during the forecast period.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭- https://www.alliedmarketresearch.com/electric-vehicle-charging-station-market/purchase-options

Electric Vehicle Charging Station Market, Electric Vehicle Charging Station Industry

COVID-19 Impact Analysis

The widespread outbreak of the novel coronavirus led to sudden drop in import-export of non-essential items and only a small fraction of workforce was allowed to function in the factories. Further, the testing of systems was also impacted by the strict pandemic regulations. These caused a large supply-demand gap in the products and services related to electric vehicle charging station. The sales of automotive industry witnessed a drop after a miserable year for automotive industry (2019), which already witnessed a significant drop of approximately 5% in global auto production and that ended the upward trend of 10 years of progress, the global auto industry encountered a new, unique situation in 2020 owing to the COVID pandemic.

In addition, due to growing demand for electric vehicles during the pandemic, owing to incentives from the governments across the globe, the demand for EV charging stations increased in 2021. Top charging station manufacturers expanded their number of private and public EV chargers across the globe. For instance, in 2021, Shell had over 250,000 EV charging stations globally, a big increase from less than 50,000 in 2020. In addition, ABB also had over 400,000 EV charging stations as of 2021, an increase of more than 100% compared to 2020.

Over the first half of 2020, global electric car sales were lower than over the same period in 2019. The prominent exception was Europe where electric car sales were considerably higher due to the existing policy support schemes. Global electric vehicle charging station market trends were noticeably different in the second half of 2020, when lockdowns were relaxed for some time, and the automotive market started to recover. For electric cars, monthly sales surpassed those between July and December in 2019 in every month in all large markets including China, India, the European Union, Korea, the U.S., and the UK. However, some countries such as Canada, Japan and others witnessed drop in the figures as both the demand for new vehicles and their production was impacted severely. This impacted the revenue streams allocated toward the R&D and adoption of new technologies like electric vehicle charging system. However, the pandemic’s impact on the automotive industry with the growing vaccination numbers globally, is expected to come down gradually over the span of a couple of years. The post pandemic demand for electric vehicle charging system-backed solutions is expected to grow appreciably as they offer superior comfort and safety to the vehicles.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠- https://www.alliedmarketresearch.com/purchase-enquiry/17811

KEY FINDINGS OF THE STUDY

By mode of charging, the wireless charging segment is anticipated to exhibit significant growth in the near future.
By charging level, the level 3 segment is anticipated to exhibit significant growth in the near future.
By end-user, the commercial segment is anticipated to exhibit significant growth in the near future.
By application, the delivery and transportation segment is anticipated to exhibit significant growth in the near future.
By region, Europe is anticipated to register the highest CAGR during the forecast period.

Key players operating in the global electric vehicle charging station market include ABB Ltd., Aerovironment Inc., Borgwarner, Inc., Delta Electronics, Inc., Eaton Corporation Plc, General Electric Company, Moser Services Group, LLC, Plugless Power Inc., Robert Bosch GmbH, Schneider Electric, Siemens AG, and Webasto Group.

Skyward Pulse: Innovations & Insights into Aircraft Engines

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

By engine type, the turbojet engine segment leads the market during the forecast period.
By component, the compressor segment leads the market during the forecast period.
By platform, the fixed wing segment is expected to grow at lucrative growth rate during the forecast period (2022-2031).
By end use, the commercial aviation segment leads the market during the forecast period.

According to a new report published by Allied Market Research, titled, “Aircraft Engines Market,” The aircraft engines market was valued at $79.10 billion in 2021, and is estimated to reach $158.46 billion by 2031, growing at a CAGR of 7.4% from 2022 to 2031.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬- https://www.alliedmarketresearch.com/request-sample/2461

Asia-Pacific dominated the aircraft engine market in terms of growth, followed by North America, Europe, and LAMEA. The U.S. dominated the market share in 2021, and is expected to grow at a significant rate in the market during the forecast timeframe.

The aircraft engine market holds a great potential over the coming years backed by rise in inflight passengers across the globe, aircraft modernization contracts on commercial as well as military verticals, development of infrastructure related to aviation industry, and R&D practiced by global players to improve fuel efficiency of aircraft engines and reduce overall carbon footprint. The post pandemic situation where individuals across the globe are more inclined toward traveling and returning to their normal routine, aviation industry is experiencing a business surge. The total number of passenger across the globe surged by 65% between January to April 2022, as compared to 2021, followed by increase in airline seat capacity by 32%.

Integration of new design and manufacturing technologies such as additive manufacturing and laser sintering is anticipated to play a defining role within the forecast timeframe. Adoption of these technologies is expected tois anticipated to significantly reduce the research, development, & testing cost, along with allowing engineers to explore more aggressive and complex designs, which were impossible to manufacture using conventional processes. While research, development, and design seems to be the initial phase of shift in dynamics of aircraft engine market, major industry players have aligned themselves to gain legal approval to integrate additive manufacturing processes. For instance, in March 2022, GE Aviation announced to have been approved to use additive manufacturing technology to develop commercial jet engine components at its Loyang facility in Singapore. The approval is expected tois expected to allow company to explore more application in similar directions while limiting their operational cost.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭- https://www.alliedmarketresearch.com/aircraft-engines-market/purchase-options

By engine type the aircraft engine, component, end use, and platform. By engine type, it is categorized into piston & turboprop engine, turbojet engine, turboshaft engine, and turbofan engine. Depending upon component, the aircraft engine market is fragmented into fan, compressor, combustor, turbine, mixer, and nozzle. By end use, it is divided into commercial and military. The platform segment is bifurcated into fixed wing and rotary wing. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Factors such as increase in passenger traffic across the globe, rise in infrastructure investment, efforts by regional government to develop indigenous manufacturing capacities, and extensive R&D efforts taken by global players to improve operational efficiency of an aircraft engine and reduce overall carbon footprint. The manufacturing and supply chain industry is expected to is expected to play a major role in defining the market consolidation of aircraft engine. With respect to current Russia and Ukraine war, major aircraft engine manufacturers such as Boeing, General Electric, Rolls Royce, and CFM international have withdrawn from the Russian market. These players are actively looking for new raw material suppliers from Africa, Asia-Pacific, or North America regions in effort to reduce their depends from Europe.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠- https://www.alliedmarketresearch.com/purchase-enquiry/2461

Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
The key players that operate in the Aircraft Engine market are General Electric, Rolls Royce, Safaran, Honeywell International Inc, Textron, MTU Aero Engines, Raytheon Technologies, IHI Corporation, MHI, and Lycoming Engines among others.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

True Wireless Headphones Market Analysis 2023 | Recorded Hyper Growth in the Future – 2031 -AMR.

Wireless headphones are headphones that connect to a device without the need of a wire or cable, such as a Smartphone, stereo speaker, television, gaming console, computer, or other electronic device. Wireless headphones operate by sending audio signals through radio or infrared (IR) signals, depending on the device. A Bluetooth product comprises a small computer chip that houses the Bluetooth radio as well as software that allows devices to communicate with one another. When Bluetooth-enabled devices, such as a mobile phone and headphones, are close to one another, they pair. This eliminates the need for cables whether talking on the phone or listening to music. The growing popularity of pc games will increase the growth of the wireless gaming market. Due to the ongoing lockdown, the demand for wireless headphones has decreased as customers have shifted their focus towards essential amenities.

COVID-19 Impact Analysis

As the COVID-19 pandemic has forced countries to enforce lockdown, the supply and distribution chain had been disrupted. The shifting of activities in operations and vendor operations impacted the production. Hypermarkets/supermarkets and convenience stores were closed, creating a gap in demand and supply.
Disruption in the distribution channel was a significant reason because the manufacturing sectors were unable to obtain the appropriate raw material. It was not feasible to transport final items to specific retailers. Consumers could not visit the specialist shops, and the headphones were out of stock on the online websites.

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Top Impacting Factors

Wireless ear buds are attracting a broad customer base because to technological improvements integrated into the production process. The substantial improvements made in the devices, such as noise suppression and enhanced wireless connectivity, have boosted their acceptance among millennial. Furthermore, the rising usage of smart phones and internet connectivity is opening the road for manufacturers to enter this industry as potential entrants.
The transformation of earphones into multipurpose smart gadgets will propel the industry forward. Wireless ear buds are becoming more popular among consumers for a variety of uses, including listening to music, audio books, streaming digital podcasts, and receiving calls while keeping their hands free. Consumer preferences are always changing, and quick technical developments are resulting in a rise in product downsizing, which is fuelling the popularity of wireless ear buds. With the rising demand for headphones among individuals for a variety of activities, the projected period will see the launch of new products.

Market Trends

Development in the headphone is expected to attract more consumers.

The arrival of fully wireless headphones with extra features like soft cushions for increased support, among other things, would assist gamers in every way imaginable. These new features are expected to be a game-changer in the wireless headphones market, and their popularity may increase sales. Every individual is fond of elegant items and the items elevate their mood and influence them to buy more in future.

Introduction of multi-purpose headphones in the market

Consumers are quite a skeptic while buying a headphone for a certain requirement they need for their work. Companies are introducing multi-purpose headphones that are used for gaming as well as for listening to music. Purchase of headphone for two different work requirements cost a lot of prices instead a consumer can opt for multi-purpose headphone. The headphone is expected to attract consumers and may increase the growth of the wireless headphone market.

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Online retailing has gained popularity

The major manufacturers of wireless headphones all around the world are selling their products through an online platform. Manufacturing companies offer heavy discounts on sales of a product, making it a profit-making deal for the buyers. Due to the ongoing pandemic, the business had partially shifted from traditional to online. Currently, the manufacturing companies are creating their website for sales or coming into partnership with e-commerce giants to sell their products. It is expected that in future, all the big players of the wireless headphone industry will shift their services online to boost their sales and reach more customers.

Key Benefits of the Report

This study presents the analytical depiction of the true wireless headphones industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the true wireless headphones market share.
The current market is quantitatively analyzed to highlight the growth scenario of the true wireless headphones market.
Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
The report provides a detailed true wireless headphones market analysis on the basis of competitive intensity and how the competition will take shape in coming years

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Questions Answered in the True Wireless Headphones Market Research Report

Which are the leading players active in the true wireless headphones market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?

SIMILAR REPORTS:-

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Ice Hockey Stick Market Trend to Reflect Tremendous Growth Potential With A Highest CAGR of 4.2% by 2031

According to a new report published by Allied Market Research, titled, “Ice Hockey Stick Market by Type (Composite, Wood), by End User (Adult, Children), by Distribution Channel (Offline, Online): Global Opportunity Analysis and Industry Forecast, 2021-2031″. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/14725

𝐓𝐡𝐞 𝐢𝐜𝐞 𝐡𝐨𝐜𝐤𝐞𝐲 𝐬𝐭𝐢𝐜𝐤 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 $𝟒𝟔𝟎.𝟏𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟏, 𝐚𝐧𝐝 𝐢𝐬 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 $𝟔𝟗𝟖.𝟔 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟏, 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟒.𝟐% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟐 𝐭𝐨 𝟐𝟎𝟑𝟏.

Ice hockey is a type of hockey that is predominantly played in colder countries in either open air or indoor ice rinks. The sport is played with the help of specialized equipment called ice hockey sticks, which consist of a flat blade to control and shoot the hockey puck and is significantly larger on goalkeeper sticks, and a long handle or shaft to which the bald is attached. The majority of ice hockey sticks available in the market are made up of fiberglass or carbon fiber composites, however, wooden ice hockey sticks are also available which are most commonly used for recreational play.

Lower penetration of the sport in regions with hotter climates and the absence of proper facilities to build and maintain ice hockey rinks in such regions restrict the growth of the sport and subsequently the ice hockey stick market in such regions. However, efforts taken by the governments of such regions to improve their nation’s international ice hockey rankings coupled with the newly emerging ice hockey leagues in the region and the greater exposure of the citizens in the region to the sport will help the market grow in these regions in the future.

The ice hockey stick market is segmented on the basis of type, end user, distribution channel, and region. By type, the ice hockey stick market is classified into composite and wood. Depending on end users, the market is categorized into adults and children. According to distribution channels used for the sale of ice hockey sticks, the market is segmented into offline and online channels of sale.

𝐅𝐋𝐀𝐒𝐇 𝐒𝐀𝐋𝐄 𝐓𝐢𝐥𝐥 𝟑𝟎 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟑 – Get Complete Report: https://www.alliedmarketresearch.com/checkout-final/4263d9aa4186798f4f1ca5f12bda6a68

Composite segment accounted for the majority of ice hockey stick market demand and are predicted to have a steady growth with a CAGR of 4.3% during the forecast period as it is the most commonly used type of ice hockey stick. Adults were the most frequent users of ice hockey sticks and accounted for 82.2% of the market share, and children are predicted to have the highest growth due to the increasing participation of children in ice hockey. As per the ice hockey stick market trends, offline sales channels were the most popular mode of purchase of ice hockey sticks in 2021, however, the sale of ice hockey sticks through online sales channels is expected to grow with a CAGR of 5.5% in the future owing to the ease of purchase and larger varieties of sticks available online.

North America was the largest shareholder in terms of ice hockey stick market size in the base year owing to the extreme popularity of the sport in the region, especially in Canada which has ice hockey as its official national winter sport. Europe was the second largest in terms of market share, while LAMEA and the Asia-Pacific region are expected to have the highest growth rates with CAGR of 7.2% and 6.4% respectively at the end of the forecast period.

The key players operating in the Ice Hockey Stick Market Analysis include- Bauer Hockey, LLC, Birch Hill Equity Partners Management Inc., Bison Hockey Sticks, Canadian Tire Corporation, Limited, Eagle Hockey, Graf Skates AG., Mylec, Inc., New Balance, Vaughn Hockey, and Wm. T. Burnett & Co.

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/purchase-enquiry/14725

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐅𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬:

○ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ice hockey stick market analysis from 2021 to 2031 to identify the prevailing ice hockey stick market opportunities.
○ The market research is offered along with information related to key drivers, restraints, and opportunities.
○ Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
○ In-depth analysis of the ice hockey stick market segmentation assists to determine the prevailing market opportunities.
○ Major countries in each region are mapped according to their revenue contribution to the global market.
○ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

𝐑𝐞𝐚𝐬𝐨𝐧 𝐭𝐨 𝐁𝐮𝐲 𝐈𝐜𝐞 𝐇𝐨𝐜𝐤𝐞𝐲 𝐒𝐭𝐢𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

○ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Ice Hockey Stick Market.
○ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
○ The key findings and recommendations highlight crucial progressive industry trends in the Ice Hockey Stick Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
○ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
○ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 “𝐀𝐌𝐑 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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.

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Embracing the Future of On-Demand Logistics: Logistics in the Fast Lane

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

By service type, the value added services segment is anticipated to exhibit significant growth in the near future.
By application, the healthcare segment is anticipated to exhibit significant growth in the near future.
By end-user, the B2C segment is anticipated to exhibit significant growth in the near future.
By region, North America is anticipated to register the highest CAGR during the forecast period.

𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐨𝐧-𝐝𝐞𝐦𝐚𝐧𝐝 𝐥𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞 A1-Sameday Delivery Service, Inc., Amazon.com, Inc., Deutsche Post DHL Group, Dropoff, Inc, DSV A/S, FedEx, Flirty (Skydrop), Jet Delivery, Inc., Power Link Expedite Corporation, Uber Technologies, Inc., United Parcel Service of America, Inc., and XPO Logistics, Inc.

According to a new report published by Allied Market Research, titled, “On-demand Logistics Market,” The on-demand logistics market was valued at $12.4 billion in 2021, and is estimated to reach $80.6 billion by 2031, growing at a CAGR of 20.8% from 2022 to 2031.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬- https://www.alliedmarketresearch.com/request-sample/14281

Asia-Pacific is expected to dominate the global on-demand logistics market during the forecast period. The increase in the online shopping activities followed by the need for the availability of products within a shorter time span has enabled the companies to offer same day on-demand delivery services to local customers, which has supplemented the growth of the market across the region. Moreover, the increased income of the consumers has also increased the demand for availability of products, which has also supplemented the growth of the market across the region.

The growing adoption of multimodal transportation along with the rise in international retailing is the primary factor for the growth of the on-demand logistics market in the retail sector. In addition, the growing disposable income coupled with increasing purchasing power of consumers is expected to drive the demand for retail on-demand logistics services, thereby boosting the market in the retail segment. Moreover, the growing e-commerce industry, increasing usage of smartphones and rapid internet penetration are anticipated to fuel the growth of the market.

The growth of the global on-demand logistics market is propelling, due to expansion of e-commerce industry globally, and increase in demand for fast delivery of packages. However, poor infrastructure and higher logistics costs is the factor hampering the growth of the market. Furthermore, development of aerial delivery drones that function smoothly in geographically challenging areas is the factor expected to offer growth opportunities during the forecast period.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭- https://www.alliedmarketresearch.com/on-demand-logistics-market/purchase-options

COVID-19 Impact Analysis

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠- https://www.alliedmarketresearch.com/purchase-enquiry/14281

As per the industry experts, with the increased urbanization, approximately 60% people will be living in cities in the near future and among those, 2.1 billion customers are expected to buy goods online by the year 2021. Also, the 10% eGrocery growth across the globe will result in 20-40% growth in same day delivery methods. Such types of growth in online shopping is expected to create a 75-80% growth in urban last mile and on-demand deliveries by the year 2030. Meanwhile, the rise in on-demand delivery across various cities is expected to boost the number of delivery vehicles by 36% to reach 7.2 million vehicles in 2030 from 5.3 million in 2019.

Moreover, post pandemic, rise in e-commerce sector is expected to continue, thereby will supplement the growth of the market during the forecast timeframe. Furthermore, with the revival in trade owing to fast pace of vaccination across the globe, the on-demand logistics services offer a cost-effective and fast delivery of items, is expected to grow at a high rate during the forecast period.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Solar Panel Recycling Market to Witness Robust Expansion throughout the Forecast Period 2021 – 2030

The solar panel recycling market is anticipated to witness considerable growth during the forecast period. This is attributed to factors such as rise in demand for solar photovoltaic panels from residential, commercial, industrial applications. In addition, increase in government activities toward the production of solar energy across the globe fuels the growth of the market. However, lack of solar panel recycling infrastructure and problems associated with the recycling are restraining the growth of the market globally. Conversely, rapid growth and investment in solar energy industry in the economies such as China, Japan, India, and South Korea is anticipated to provide potential solar panel recycling market opportunities in the upcoming years.

The solar panel recycling market size was valued at $139.7 million in 2020, and is projected to reach $478.6 million by 2030, growing at a CAGR of 13.1% from 2021 to 2030. The solar panels at the end-of-life are collected and recycled by the solar panel recycling companies or solar panel manufacturers. Solar panel recycling industry is at developing stage, but with the rapid growth of solar power market there is rise in demand for solar panel recycling in the coming years. There are various methods of solar panel recycling include thermal, mechanical and laser. In Europe, solar panel recycling market is more advanced than other regions including Asia-Pacific, LAMEA, and North America. This is owing to regulatory measures and policies adopted by European region in recycling of solar panels.

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Rapid growth of solar energy industry is expected to drive the growth of the market during the forecast period. In addition, increase in installations of solar panels in various applications including power generation, transportation, water heating and others is further anticipated to fuel the growth of the solar panel recycling market during the analyzed time frame. Moreover, favorable government measures including incentives have also been introduced to promote the adoption of various solar energy technologies such as crystalline silicon and thin film. For instance, in 2019, the U.S. government introduced solar tax credit with an objective to reduce cost of installing a solar energy system by 30.0%. In addition, declining prices, improvements in conversion efficiencies, and growing efforts toward advancements of solar panels is projected to propel the growth of the solar energy industry which in turn is projected to drive the market from 2021 to 2030.

Depending on the process, thermal segment held the highest market share of about 68.9% in 2020, and is expected to maintain its dominance during the solar panel recycling market forecast period. This is owing to benefits associated with thermal process in solar panel recycling which recovers more than 84.0% of solar panels weight and can also recycles up to 98.0% unbroken cells depending on the conditions of the solar modules and the thickness of the solar cells. In addition, rapid growth of the solar panel sector is expected to drive the remarkable growth of market during the forecast period.

On the basis of type, crystalline silicon segment holds the largest share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to rise in demand for crystalline silicon in standalone PV systems such as solar street light lamps and telecommunication & signaling tower where solar panels are used to charge batteries.

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In addition, increase in government initiatives for adoption of solar energy is expected to drive demand for crystalline silicon type which in turn is anticipated to fuel the solar panel recycling market growth from 2021 to 2030.

On the basis of region, the market is analyzed across four major regions such as North America, Europe, Asia-Pacific, and LAMEA. Europe garnered the dominant share in 2020, and is anticipated to maintain this dominance in solar panel recycling market trend during the forecast period. This is attributed to the presence of key players and huge consumer base in the region.

In addition, the demand for solar panel installation has increased significantly across the UK, Germany, Spain, and Italy owing to surge in demand for distributed energy systems in the region which in turn is anticipated to drive the growth of the solar panel recycling market in the European from 2021 to 2030.

The global solar panel recycling market analysis covers in-depth information of the major solar panel recycling market participants. The key players operating and profiled in the report include Aurubis AG, Canadian Solar, Echo Environmental, LLC, Envaris GmbH, First Solar, Hanwha Group, Reiling GmbH & Co. KG, Silrec Corporation, SunPower Corporation, and Trina Solar.

Other players operating in the value chain of the global solar panel recycling market are Yingli Energy Co., Zorlu Holding, Rinovasol Group, ECS Refining, LLC, SiC Processing GmbH, and others.

COVID-19 impact on the market

The global solar panel recycling market has witnessed steady growth in 2020, owing to outbreak of the COVID-19 pandemic. The outbreak has negatively impacted various industries and countries, thereby decreasing manpower across the globe, which, in turn, decreased consumer spending and thus, decreased the demand for various key products including solar panels. However, owing to the lockdown imposed across the globe, there is supply-demand gap, which resulted in halt in supply for equipment used in solar panel production. In Europe, economies, such as Germany, France, Spain, and Italy, were following stringent measures, such as maintaining social distance and limiting movements, to prevent the spread of coronavirus. Moreover, such safety measures have been witnessed across the globe, which further impacted the growth of the global solar panel recycling market.

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Key Findings Of The Study

In 2020, the thermal segment accounted for about 68.9% of the share in the global solar panel recycling market, and is expected to maintain its dominance till the end of the forecast period.
In 2020, the mechanical segment accounted for 23.9% solar panel recycling market share in the year 2020, and is anticipated to grow at a rate of 13.4% in terms of revenue, increasing its share in the global market.
Thin film is the fastest-growing type segment in the global solar panel recycling market, expected to grow at a CAGR of 14.6% during 2021–2030.
Europe is expected to grow at the fastest rate, registering a CAGR of 13.7%, throughout the forecast period.
In 2020, Europe dominated the global solar panel recycling market with more than 43.2% of the share, in terms of revenue.

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Grid-Driven Wheels: Harnessing V2G Potential for a Sustainable Future

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

By technology, the power management segment is expected to register a significant growth during the forecast period.
By charging type, the bidirectional charging segment is projected to lead the global vehicle-to-grid (V2G) market.
By vehicle type, the battery electric vehicles segment is projected to lead the global vehicle-to-grid (V2G) market.
By component, the home energy management (HEM) segment is projected to lead the global vehicle-to-grid (V2G) market.
Region-wise, Europe is anticipated to register the highest CAGR during the forecast period.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐭𝐡𝐚𝐭 𝐨𝐩𝐞𝐫𝐚𝐭𝐞 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐯𝐞𝐡𝐢𝐜𝐥𝐞-𝐭𝐨-𝐠𝐫𝐢𝐝 (𝐕2𝐆) 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 ABB, AC Propulsion, Inc., Boulder Electric Vehicle, Denso Corporation, Edison International, EnerDel, Inc., EV Grid, Inc., Fermata Energy, Hitachi, Ltd, Honda Motor Co., Ltd., Indra, Nissan Motor Corporation, NRG Energy, Inc., Nuvve Holding Corp., OVO Energy Ltd., Toyota Industries Corporation, and Wallbox Inc.

According to a new report published by Allied Market Research, titled, “Vehicle-To-Grid (V2G) Market,” The vehicle-to-grid (V2G) market was valued at $1.72 billion in 2021, and is estimated to reach $15.03 billion by 2031, growing at a CAGR of 25.3% from 2022 to 2031.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬-https://www.alliedmarketresearch.com/request-sample/8811

Europe dominated the market in terms of revenue, followed by North America, Asia-Pacific and LAMEA. China dominated the vehicle-to-grid (V2G) market in 2021, whereas India is expected to grow at a significant rate during the forecast period. The rapid growth of the electric vehicle charging infrastructure along with government subsidies and incentives related to electric vehicle fuels the growth of the V2G market across the globe.

There are prominent key factors that drive the growth of the vehicle-to-grid (V2G) market include increase in demand for electric vehicles, and government initiatives for development of electric vehicle charging infrastructure. The market economy is also responsible for the growth of the market. Countries such as China, India, Brazil, and South Africa are growing economies. Thus, the automotive sector witnessed prominent growth in these countries, which is expected to provide lucrative opportunities for the growth of the electric vehicle industry which in turn is expected fuel the growth of the market. Moreover, in some undeveloped countries, there is an increase in the investment in electric vehicle infrastructure, which is expected to boost the growth of the market.

The vehicle-to-grid (V2G) market is segmented on the basis of technology, charging type, vehicle type, component, and region. By technology, it is bifurcated into power management, and software. By charging type, it is fragmented into unidirectional charging, and bidirectional charging. By vehicle type, it is divided into battery electric vehicles, plug in hybrid electric vehicles, and fuel cell vehicles (FCVs). By component, it is classified into integrated electric vehicle supply equipment (EVSE), smart meters, home energy management (HEM), and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭- https://www.alliedmarketresearch.com/vehicle-to-grid-v2g-market/purchase-options

𝐂𝐎𝐕𝐈𝐃-19 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

◾The COVID-19 pandemic has significantly disrupted the global economic activity, including the automotive market and the electric vehicle industry on a global level. The pandemic led to considerable drop in automotive sales, insufficiency of raw material, and others. Pandemic-related issues are aggravating port congestion, intermittent closures, and supplier delays.
◾As a result of interrupted supply chains and production schedules caused by the COVID-19 pandemic, automotive production and sales suffered severely, which, in turn, negatively impacted the vehicle-to-grid (V2G) market in 2020.
◾Moreover, COVID-19 outbreak has resulted in disruptions for automotive industry in terms of manufacturing. The majority of OEMs have shut down their production and other essential operations during the pandemic. For instance, global EV sales decreased by 18% in 2020.
Moreover, some countries such as Canada, Japan and others witnessed drop in the figures as both the demand for new vehicles and their production was impacted severely.
◾This impacted the revenue streams allocated towards the R&D and adoption of new technologies like vehicle-to-grid (V2G). However, the pandemic’s impact on the automotive industry with the growing vaccination numbers globally, is expected to come down gradually over the span of a couple of years. With the pandemic situation easing out, the automotive manufacture connected work business is expected to rebound back rapidly.
◾However, many countries, such as Germany, UK, Japan, the U.S., and most recently, New Zealand have joined the Electrical Vehicle Initiative (EVI). It is a multi-government policy opportunity dedicated to accelerating the introduction and adoption of electric vehicles and EV infrastructure. These developments are expected to fuel the vehicle-to-grid (V2G) market.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Wood Plastic Composites Market Sales Revenue to Touch $12.6 Billion By 2030 | Major Companies, Strategies and New Trends

According to the report, the global wood plastic composites industry generated $5.4 billion in 2020, and is anticipated to generate $12.6 billion by 2030, witnessing a CAGR of 8.9% from 2021 to 2030.

Increase in demand for wood plastic composites in building and automobile sectors and wide application in interiors, home furniture, and kitchen appliances drive the growth of the global wood plastic composites market. However, rise in cost of R&D hinders the market growth. On the other hand, the emergence of greenwood plastics composites presents new opportunities in the coming years.

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Wood plastics are a sort of natural composite made from wood and sawdust. It is an environment friendly natural composite. It is used in application of both indoor and outdoor use, owing to durability and resistance . The composite solute can be chosen in various ways. The user can mix and match the woods in the composite due to the fact that wood comes in various types. Plastics are blended with more than 40% of the wood components. Wood plastic composites are gaining popularity in the global economy. Composites are used more than any other material. The wood plastics composites are produced by using recycled plastics at low melting temperatures as well as low cost.

Impact Of Covid-19 On the Wood Plastic Composites Market:

The outbreak of the Covid-19 pandemic has had a negative impact on the growth of the global wood plastic composites market, owing to implementation of the global lockdown that led to temporary closure of manufacturing facilities.
The pandemic had further disrupted the supply chain, due to restrictions in the export & import activities across various nations.
Various construction projects were either delayed or cancelled due to shortage of raw material and unavailability of labor force. The automobile sector suffered losses due to decline in sales. These factors decreased the demand for wood plastic composites and hampered the market growth.

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There is increase in demand for wood plastic composites in building and automobile sectors, owing to low-cost and easy to use in non-structural areas, such as balconies, stairs, and pillars. Furthermore, Wood plastic composites have various advantages, compared to its alternatives. They are used in interiors, automotive speakers, home furniture, and kitchen appliances as they are robust, rust-free, low-maintenance, and can withstand high temperature. This has resulted in increase in demand for wood plastic composites all across the globe. Furthermore, growth of construction and building sectors is due to industrialization and urbanization in developing countries of the aforementioned factors drive the growth of the global wood composites market.

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Leading Market Players:

Timbertech Ltd.
Trex Company, Inc.
Beologic N.V.
FKUR Kunststoff GMBH
AIMPLAS
Dow
Fortune Brands Inc.
JELU-WERK J. Ehrler GmbH & Co. KG
Renolit SE
Universal Forest Products, Inc.

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

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