Boat Rental Market to Record a Robust Growth Rate for the COVID-19 Period 2027

Transparency Market Research has published a new report on the global boat rental market for the forecast period of 2019–2027. According to the report, the global boat rental market is projected to reach a value of ~US$ 26 Bn by 2027, expanding at a CAGR of ~4% during the forecast period.

Expansion of Global Boat Rental Market

• The market for boat rental is expanding significantly across all regions. Europe and North America are highly developed markets for boat rental, and the markets in these regions are estimated to expand at a notable pace during the forecast period. Countries along the Mediterranean and Caribbean Seas are key boat rental markets. In Asia Pacific, Japan, Australia, and New Zealand are developed markets for boat rental; however, high emphasis on the development of nautical tourism in South Korea and Thailand is likely to boost the market for boat rental in these countries.
• The development of online portals and expansion of boat rental companies have made hiring boats highly convenient and cost-effective, which, in turn, is boosting nautical tourism and consequently propelling the boat rental market.

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Rise in per capita income in most countries has prompted society to spend higher on leisure and luxury activities. Furthermore, nautical tourism and marine activities are gaining popularity across developed and developing regions. Thus the boat rental market is expanding at a notable pace. Rise in the preference for cruise events and boat charters for leisure has played a significant role in the expansion of the global boat rental market.

• International tourism has been a key source of income for numerous countries, which aids in the economic development of that particular country. Consequently, countries with nautical tourist destinations have been investing consistently for the development and maintenance of these destinations.
• Shift in lifestyle has led to a distinct break from the traditional sailing destinations of the Caribbean and Mediterranean waters to less familiar destinations in Asia Pacific, the Middle East, and Antarctic. Thus, a surge in the inclination among consumers to explore new destinations, and a rise in the number of marine destinations, worldwide, are boosting the number of boats available for rent or lease. This is likely to propel the global boat rental market in the near future.

Based on business model, peer to peer (P2P) is the prominent segment, which is expanding at a remarkable pace. The availability of several service platforms such as Boatsetter and GetMyBoat are driving the P2P segment in the boat rental market. Moreover, boating enthusiasts who live along coastal areas in North America and Europe own boats and offer them for hire through online portals. This provides employment and enough earning to maintain and service these boats.

Regional Analysis of Global Boat Rental Market

In terms of region, the global boat rental market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe held a prominent share of the global market in 2018, due to the presence of a large number of marinas, and high preference for water sports and leisure activities. Greece and Croatia are major markets for boat rental, and the market in these countries is expanding consistently due to expansion of nautical tourism in the region.

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Countries such as South Korea, Thailand, Brazil, and China are rapidly emerging markets for boat rental, due to high emphasis by governments on the development and promotion of nautical tourism in their respective countries.

Prominent players operating in the global boat rental market include Boatsetter, Nautal, Sailo Inc., Zizooboats GmbH, GETMYBOAT INC., West Coast Marine, Le Boat, Incrediblue, Boatjump, S.L., Odyssey Boats, GLOBE SAILOR, THE MOORINGS, Blue Boat Yacht Entertainment Company, BLUE BAY MARINE, Yachtico Inc., Navigare Yachting, and Products Corporation.

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Automotive Tire Market Development Opportunities

• According to the report, the global tire market for automotive is expected to expand steadily at a CAGR of 3%, owing to rising vehicle sales globally
• Rise in sales of vehicles in developing countries in Asia Pacific and Latin America is also anticipated to drive the global tire market for automotive

Expansion of Global Tire Market for Automotive

• Rise in sales of SUVs and crossover vehicles, due to change in consumer preference for high clearance and vehicles with sporty appearance, is fueling the demand for automotive tires. SUVs and crossover vehicles accounted for 34% of total vehicle sales in China and 42% of total global vehicle sales in 2017.
• Increase in competition among automakers is compelling them to increase the number of models and offer numerous tire options based on rim size and aspect ratio. Rise in consumer demand for SUVs and higher rim size vehicles is shifting the demand from low rim sizes to high rim sizes. Increase in disposable income of consumers is boosting the sales of luxury and premium vehicles, which in turn is fueling the demand for low profile or tires with aspect ratio 35-55.

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• Based on ply, the radial segment held a dominant share of the global automotive tire market in 2018. Its share is estimated to rise during the forecast period. In developing regions, such Asia Pacific & Latin America, commercial vehicles are undergoing a radialization, i.e., shift of preference toward deployment of radial ply tires. Commercial vehicles in these regions are dominantly bias ply; however, they are shifting to radial ply. Therefore, demand for radial ply tires in commercial vehicles is estimated to rise significantly.
• In terms of sales channel, the aftermarket segment held a prominent share of the automotive tire market due to the wear and tear nature of tires and requirement of periodic replacement. Rise in average age of vehicles and increasing number of vehicles on road are boosting the aftermarket segment.

Regional Analysis of Global Tire Market for Automotive

• In terms of region, the global tire market for automotive has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
• Asia Pacific dominated the global tire market for automotive in 2018 due to high volume sales of vehicles in the region and presence of large number of vehicles on road. North America and Europe are lucrative markets for winter tires, as winter tires are mandatory in several countries in Europe such as Norway, Russia, and Latvia. Moreover, North America, Japan, and China have also witnessed significant increase in winter tire sales and hence, these tires are anticipated to witness a steady demand.
• Automotive tires in Europe, Japan, Brazil, and South Korea are required to be labeled according to noise, fuel efficiency, and rolling resistance. A similar labelling is likely to be adopted by other regions and therefore, boost the tire market for automotive.

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Automotive Electronic Devices Market Revenue, Price and Gross Margin by 2024

High-tech electronic systems are a permanent fixture in cars nowadays and carry out a range of functions from regulating fuel to detecting problems. Anything between 30 to 80 separate electronic controllers – most of which are for safety – are fitted in cars these days. Such electronic components, which include adaptive cruise control and lane assist systems, constitute about 30% of the vehicles cost and in the years ahead that figure is slated to increase further. Other functions served by automotive electronic devices are advanced driving assistance, infotainment, and enhancing comfort. 

A report by Transparency Market Research, segments the global automotive electronic devices market based on products and technologies and studies each segment carefully to present a granular overview of the market. Depending upon the product type, for example, it divides the market into entertainment systems, control devices, GPS systems, and video devices. Among them, entertainment systems such as DVD player, satellite radio, audio devices, and dashboard players are most popular. The report predicts the global automotive electronic devices market to attain a value of US$18.5 bn by 2018.  

Global Automotive Electronic Devices Market: Trends and Opportunities 

The most obvious growth drivers in the global automotive electronic devices market are the burgeoning automobile sector and technological advancements that have resulted in a host of automated electronic devices for a seamless driving experience. Other factors stimulating the market are the increasing urbanization and the rising disposable income worldwide that has pushed up the demand for premium cars rigged with fancy electronic gadgets. 

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Stringent regulations by concerned authorities and regulatory boards to install automotive electronic devices to enhance safety is also encouraging quick uptake of the product. Some of the important and common devices for safety are padded knee bolster, passenger sensing system, airbags, electrochromatic auto dimming mirrors, and backup sensing system. Further, automated car control systems accord the driver control over multiple devices while driving without diverting his focus thus ensuring safety. 

Going forward, rising thrust on research and development to innovate more sophisticated products and increasing traffic congestion due to the growing number of automobiles owned per family worldwide would further fuel demand for electronic devices. A recent noticeable trend in the global automotive electronic devices market is integration different systems that can help to widen the scope for new technology, system, and designs, besides bringing about cost optimization. 

Global Automotive Electronic Devices Market: Regional Outlook 

Geographically, the global market for automotive electronic devices can be segmented into Asia Pacific, North America, Europe, and the Rest of the World. Currently, North America accounts for maximum market share but is slated to slow down its growth pace in the upcoming years. Europe too is expected to exhibit a slower growth pace in the near future due to the euro debt crisis dealing somewhat of a blow to the growing sales of automobiles. 

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Asia Pacific and Latin America are predicted to majorly contribute to the global automotive device market on the back of substantial sales in the automobile sector. The densely populated emerging economies in the two regions are predicted to fillip demand due to a fast expanding urban population with a means to splurge of premium products. Regulatory policies too are expected to drive growth in the market. The government of China, for example, has encouraged C-NCAP’s safety appraisal encouraging buyers to see a five-star rating as a benchmark to a vehicle’s quality. 

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Smart Shipping Containers Market Product, Region and Application

A major part of the world’s logistic and supply chain consist of shipping containers. Millions of shipping containers are utilized for overseas transport of essential commodities and food supplies around the globe. Tracking of the commodities stored and being transported through shipping containers is the utmost priority of all shipping companies operating in the world. Better shipping containers and tracking and monitoring provides more insights and information regarding the safety and restraints about maritime transport.

Better tracking and monitoring of each transported and received shipping container helps obtain a real-time scenario, which enables companies to make better decisions regarding supply chain from front to back-end. Smart shipping containers would not only provide high level of transparency and high degree of customer services, but also allow for optimization of the supply chain, restrains, and loopholes. Presently, most smart shipping containers are connected with IoT (Internet of Things) and smart sensors technology, which carry out specific functions related to data gathering and emergency control.

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Smart shipping containers are an integral part of the complex shipping management systems, which is utilized to track the movement of marine cargo around the globe. Each smart container has been tagged with a unique barcode for scanning at entry and exit of the container from the docking point. Transportation management systems (TMS), in combination with cutting edge software and communication networks, monitor shipping routes, times, and logistics. Each smart shipping container is expected to provide valuable live data feeds to the control centers attributed to modern GPS and cellular modem technology, which helps significantly to improve transportation management around the globe. Logistic management would be able to track goods throughout their journey with the help of smart containers equipped with modern tracking, control, and monitoring sensors. This is likely to improve marine cargo logistics, as most misrouted or lost containers could be found easily.

Smart sensors installed in transport containers also provides detailed information on container temperature, humidity, pressure, and container movement, which is anticipated to save a lot of money during the course of the container movement from one place to other. Smart sensors react to minute changes regarding the environment inside the container, and they respond immediately toward any change, by informing or by sending an alarm to the central monitoring facility located remotely from the smart container. The problem can be diagnosed remotely, and it also provides the exact location and ample amount of time to the crew members to fix the problem inside the container.

A majority of the capital loss during the marine logistic operations around the globe is accounted by spoilt goods inside the container. Damage to goods inside the container is likely to result in loss of revenue to the logistic companies. Usage of smart sensors in shipping containers is projected to help reduce the losses incurred by loss and damage of goods. Additionally, smart shipping containers also reduce regular in-person checkup, which is further anticipated to help create a safe and healthy work environment for the shipping inspection crew.

Most shipping companies are presently inclined toward employing smart shipping containers to mitigate the losses due to loss of cargo and damaged/spoilt goods and to ensure the security of the cargo. Significant capital is lost by shipping companies every year to pirated cargo. Usage of smart shipping containers is likely to save billions of dollars for shipping companies around the globe. Ensuring cargo security by the combination of IoT and TMS is estimated to improve the overall shipping scenario throughout the global shipping and logistic supply chain. Major restraints of the smart shipping cargo market are the high cost structure and capital investment for smart containers, and a lack of awareness toward modern shipping technology among small shippers.

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Lightning Protection Products Market - Key Opportunities & Development 2026

Lightning is one of the natural most destructive and powerful phenomena that causes major problems to various industries such as buildings destruction, and damage critical electronic systems. In order to serve these issues companies are developing novel lightning protection products to serve consumer needs. Lightning protection products delivers complete protection against lightning risk, safeguard critical equipment along with transient overvoltage protection with an effective, low resistance route from lightning protection system to earth.

The function of lightning protection products is to intercept, conduct, and disperse of lightning strike safely to earth surface and without such products building structure, electrical systems are all at high risk. Lightning protection products can prevent from lost or destroyed data, repair work mainly costly for remote or unmanned installations, equipment damage, loss of essential services, and fire & electric shock hazards. The main components of lightning protection systems are rods, cables, and air terminals which work together to carry immense current away from the structure, prevents from fire, and most appliance damage.

Lightning Protection Products Market: Drivers and Restraints

Lightning protection products market are witnessing maximum growth owing to growing concern of damage to building materials & appliances through direct lightning strikes, expanding number of smart homes through advance technology, provides protection against high voltage spike and current generated through lightning, and increase in demand for customized products.

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Moreover, growing adoption of lightning protection products among various end user such as water treatment, nuclear power plants, utilities, warehouses, airports, military, residential area, and healthcare along with developing telecommunication facilities and rising pressure from regulatory bodies to protect commercial facilities such as schools, office, healthcare facilities, and many more are some of the factors that can boost the demand for lightning protection products over the forecast period. However, any product defect, stringent government regulations across different regions, and rising industrial standards may hamper the growth of lightning protection products market in near future.  

Lightning Protection Products Market: Overview

Lightning protection products market revenue is expected to grow at a rapid growth rate, over the forecast period. The market is anticipated to perform well in the near future owing to the fact that it protect building & its occupants from lightning strikes, minimize the business disruption, and prevent expensive electronic appliances from damage. Moreover, growing urbanization, demand for technically advanced lightning protection products, and rising adoption of photovoltaic are some of the factors that can accelerate the market revenue growth of lightning protection products during the forecast period. Based on application, industrial application is anticipated to grow at the fastest CAGR over the forecast period attributed to expanding manufacturing, construction activities coupled with increase in utilities such as power stations and mining industries events. Lightning protection products are also installed in various commercial facilities such as financial services institutions, office blocks, commercial centers, and showrooms.

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Cloud Based Language Learning Market - Growth Opportunities Created by Covid19 Outbreak

The global market for cloud-based language learning features a highly fragmented vendor landscape and only few companies, including Rosetta Stone, Inc, Sanako Corporation, EF Education First, and Linguatronics LC have been able to establish themselves as leaders, observes Transparency Market Research (TMR) in a recent report. A large number of local players, with well-established businesses in their regional territories but a limited presence on the global front, are located across key regional markets and account for a sizeable share of revenues.

Companies operating amid stiff competition in the global cloud-based language learning market are focusing on providing innovative web services, developing applications for users, and providing learning tools that are tailored to the specific needs of learners. Moreover, as a part of this strategy, companies are engaging in various strategic partnerships, mergers and acquisitions, expanding their businesses through new service additions and geographical presence.

Transparency Market Research estimates that the global cloud-based language learning market will exhibit a promising 12.8% CAGR from 2017 to 2025, rising from a valuation of US$146.3 mn in 2016 to US$427.5 mn by 2025.

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North America to Continue to Account for Massive Chunk in Global Revenue

On the basis of language, the market for cloud-based language learning chiefly caters to learning solutions for languages such as English, Spanish, Chinese, French, German, Japanese, Italian, and Russian. Of these, the segment of English learning is expected to emerge as the primary adopter of cloud-based language learning solutions in the near future. This can be chiefly attributed to the rising inclination of making English as the preferred language in academics and business sectors due to globalization.

In terms of geography, the North America market for cloud-based language learning is presently the leading contributor of revenue to the global market. The region, home to several famed higher education institutes, leads on account of the vast number of foreign students that take up English learning courses. The North America market for cloud-based language learning accounted for a 50% of the global market in terms of revenue contribution in 2016 and is expected to remain one of the leading regional market for cloud-based language learning solutions in the next few years as well.

Rising Proliferation of Cloud Computing Technology to Remain Key Growth Factor

The education industry is rapidly evolving in its journey towards digital transformation. It has emerged as one of the most dynamic industries to embrace the vast advancements in technology, telecommunications, and networking technologies, using them to benefit a number of areas, including global reach and efficiency of content delivery. Cloud computing, owing to its several cost and flexibility benefits, is estimated to be at the core of the education industry’s ongoing digital transformation in the next few years.

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Language learning, a key segment of the education industry, is also increasingly shifting towards the cloud computing model and cloud-based language learning solutions are expected to become an important mode of learning languages in the next few years. The rising proliferation of the cloud computing technology, especially in emerging economies across regions such as Asia Pacific, will remain the key driver of the adoption of cloud-based language learning solutions.

This analysis of the global cloud-based language learning market is based on a recent market research report published by Transparency Market Research, titled “Cloud Based Language Learning Market (Training Type - Education and Corporate; Language - English, Spanish, Chinese, French, German, Japanese, Italian, and Russian) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.”

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Automated Document Inserter (ADI) Market to Record a Robust Growth Rate for the COVID-19 Period

• An automated document inserter (ADI) is a system which automates the insertion of documents into cartons or boxes.
• Automated document inserters are primarily used in packaging lines to reduce the labor cost and increase accuracy in the document arrangement and packaging process.
• Several manufacturers provide automated document inserters on a monthly rental basis to the manufacturing industry and warehouse sector.
• In a warehouse, employees more serious about the packaging target assigned to them instead of quality of work. An automated document inserter (ADI) organizes the right documents in the right box, resulting in reduced errors while inserting printed documents.
• Each frame of an automated document inserter works four times faster than a human, reducing the time taken for packaging and helps to increase return on investment by increasing the number of orders in minimum work time.
• Adoption of automated document inserters is expected to increase in manufacturing and packaging industry during the forecast period.

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Key Drivers of the Automated Document Inserter (ADI) Market

• Companies are looking for cost effective and advanced solutions for document insertion to reduce the time taken to complete orders by improving the packaging services.
• Increasing demand for automated document inserters in packing lines, manufacturing plants, and warehouses to deliver the right documents to customers is expected to drive market growth during the forecast period.
• Manufacturers of automated document inserters are expected to provide technologically advanced solutions in smart document labeling and folder inserters as a complete solution.

High initial capital cost and maintenance cost expected to hinder the market

• High initial capital requirement and maintenance cost of automated document inserters is expected to restrain the growth of the market during the forecast period.
• End-user companies require high initial capital to install automated document inserter systems. Also, these solutions need regular maintenance to enhance the system performance.  

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