Fuel Card Market Growth ,Overview with Detailed Analysis 2020-2027

According to a new market report published by Transparency Market Research on the global fuel card market for the forecast period of 2019–2027, the fuel card market is expected to reach a value of ~US$ 55 Bn by 2027.

Global Fuel Card Market: Overview

• The global fuel card market was valued at ~US$ 33 Bn in 2018, and is expected to expand at a CAGR of ~6% from 2019 to 2027. The market is expanding significantly in terms of size and value. The standard card technology segment is dominating the global fuel card market.
• The fuel card market in Asia Pacific is growing rapidly. Growing disposable income is driving people to opt for technologically-advanced cards to save on fuel expenses. Moreover, increasing of government initiatives in developing countries for the development of the corporate sector are driving the growth of the corporate fuel card market.  
• Europe is the largest regional market in the global fuel card market, accounting for ~38% share of the global fuel card market in 2018. North America has the second-largest number of fuel card users, as a result of attractive offers by key companies and supportive government initiatives toward cashless transactions.

Fuel Card Market: Driving Factors

• Rising demand for cashless fuel transactions in developing economies (as it is critical for fleets to monitor fuel purchases to control and manage fuel spending) is driving the fuel card market. Fuel cards offer good quality data on fuel purchases, which helps monitor individual vehicle and driver fuel economy, and apply operational strategies to enhance performance.

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Canada, Sweden, the U.K., France, and the U.S. are the top five cashless economies in the world. Cashless payments help reduce fuel theft via chip and pin cards, which is driving the demand for fuel cards, globally.

• The fleet management market is influenced by technology. The adoption of fleet management software in data management and analytics has been growing, which is expected to significantly boost the fuel card market.
• Rapid urbanization and industrialization in developing countries such as China, India, Mexico, South Africa, and Brazil is providing lucrative opportunities for the global fuel card market. Over the years, growth in the prepaid and contactless card industry has shaped the economies of several countries.

Fuel Card Market: Key Challenge

• Volatility in fuel prices is likely to be one of the major restraints of the fuel card market. As fuel prices are difficult to be projected, it is difficult to plan and budget for the same. Fuel prices are different across the globe; this is expected to have a huge negative impact on the growth of the fuel card market.

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Footwear Market Drivers, Trends & Forecasts by 2027

Footwear is considered as the one of the prominent fashion accessories especially amongst youngsters and millennial. Not only this, the increasing demand for trendy, yet comfortable footwear among all age groups a key factor driving the global footwear market. With increasing participation in sporting activities and changing lifestyle, there is a massive demand for athletic footwear among non-sportspersons as well. Major brands are likely to focus on innovation of new footwear designs and research & development activities to strengthen their foothold in the global footwear market. Companies are undertaking mergers and acquisitions, and joint ventures with local players to expand their product portfolio

Rise in sale of footwear through various mode of distribution channels and the gaining prominence of online mode of distribution is triggering the growth of footwear in the developing countries. Furthermore, the availabity of counterfeit products is anticipated to restrict the growth of the footwear market during the forecasted timeline.

The global footwear market stood at a valuation of US$ 235711.0 Mn in 2018 and is expected to be worth US$ 307549.5 Mn by 2027 in terms of revenue rising at a CAGR of 3.0% between 2017 and 2027.

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Non-Athletic Product Segment is projected to drive the market in the forecast period

In terms of product type, the global footwear market is divided on the basis of non-athletic footwear and athletic footwear. Athletic footwear is further bifurcated into soccer/football shoe, running and cross training/tennis shoe, golf shoe, hiking shoe, basketball shoe, baseball shoe, and others. In addition, non-athletic is sub-segmented into casual footwear, military boots, dress evening footwear, lite hiking outdoor sandal, and others. Non-athletic footwear segment has dominated the market both in terms of value and volume in the year 2018. The market has been classified on the basis of material into rubber, plastic, and others. Rubber holds a majority of market in terms of value in the year 2018. Rubber is considered as the most commonly used material which has been used to manufacture footwear in the recent past.

On the basis of distribution channel, the market has been classified into online channels, supermarkets and hypermarkets, independent retail stores, shoe stores, independent retail stores, textile retailers, and departmental stores. In the year 2018, online channels, independent retail stores, and supermarkets and hypermarkets collectively holds majority of the market in terms of value. On the basis of end-use, the footwear market is divided into men’s footwear, women’s footwear, and kid’s footwear. Women’s footwear has been making significant contribution in the global footwear market. Women are frequent buyers of footwear from hypermarket, supermarkets, and specialty stores and also through e-commerce websites. Manufacturing companies are also spending on innovation of new designs of footwear to rise the penetration of women footwear in the forecasted timeline.

Asia Pacific region anticipated to surge in the forecasted timeline

In terms of geography, the footwear market is divided in this report into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America holds a major market of footwear in terms of value in the year 2018. The market of Asia Pacific is projected to expand at a significant growth rate in the forecasted timeline. As there is rise in sale of footwear on company-owned websites and various e-commerce websites in countries like China, India, Japan and other South-East Asian countries etc.

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Prominent companies operating in the global footwear market are

• Adidas AG
• Nike Inc.
• New Balance Inc.
• Puma SE
• Asics Corp.
• Bata Limited
• Deichmann SE
• Skechers USA Inc.
• VF Corp.

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Licensed Sports Merchandise Market Growth and Future Outlook

The global licensed sports merchandise market is likely to increase with a CAGR of 6.5% from 2019 to 2027. It has been projected that the market will rise to US$ 58.7 bn by the end of 2027 from a valuation of US$ 35.5 bn in 2018.

The licensed sports merchandise market is growing owing to the increasing popularity of sporting leagues and their increasing fan bases. Technological advancement in sports equipment is also affecting the global licensed sports merchandise market growth.

NFL, MLB, Premier League and the NBA form the major leagues that enjoy huge popularity in merchandise sales. Among all of these, the NFL and MLB together account for almost 50% of the North America licensed sports merchandise market in terms of revenue. The market is primarily dominated by professional sports leagues. In addition to this, increasing demand and fascination of consumers towards licensed sports goods as well as the increase in popularity of leagues across the U.S. helps to increase in adoption of licensed sports apparel for their favorite sports team and team player. 

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The market is extremely competitive in nature with the presence of many domestic players. The leading licensed sports merchandise manufacturers are Great American Products, Under Armour, New Era Cap, Knight Apparels, Jarden Corporation, Dick’s Sporting Goods, G-III Apparel, VF Corporation, Nike Inc., Reebok, and Adidas.

Increasing sales from emerging economies in Middle East & Africa and South America is driving the market growth. Factors such as economic stability and high purchasing power are mainly responsible for the growth of the licensed sports merchandise market in South America and the Middle East. In addition, increase in number of sportswear brands and rising number of retail specialists coupled with opening of new shopping malls, particularly across GCC countries in 2018 is propelling market growth in this region.

Rising Demand From E-Commerce Channel Will Drive The Market Growth

Online sales is expected to be the most prominent distribution channel of licensed sporting goods. The rapid growth of the number of internet connections and the growing acceptance of e-commerce as a safe and viable alternative to traditional bricks-and-mortar retailing, has driven the changes and supported growth in the industry. Consumers are more attracted towards online shopping and e-retailing. Another reason for the success of the online sales channel is the names of well-known brands that attract consumers to visit their sites. Licensed sports goods is one of the most demandable consumer goods sold through e-commerce. Thus, increase in the number of e-commerce and fashion websites is set to create potential opportunity for the growth of this market in the near future.

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Sports Apparel to Segment Dominates The Product Category

Sports apparel product segment was the largest category and expected to maintain its dominance in coming years. As per TMR analyst, “The market is primarily driven by increased consumer demand for licensed sports based apparel bearing the name or logo of favorite teams and players.” Key products covered under sports apparel segment include jerseys, caps, socks, tracksuits, shorts, and t-shirts. Increasing demand for active wear among consumers across all age group, the sporty fashion for both the streets and the gym, has triggered the sales for manufacturers and retailers of sporting apparel.

In terms of, the global licensed sports merchandise market is segmented into North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. In 2018, North America leads the market and is likely to retain a lead accounting for over 54% by the end of the forecast period. Manufacturers are expanding their product lines to meet the increasing demand for licensed sports products. Growing popularity of sporting leagues and technological advancements in sports good market is driving the North America market.

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Wipes Market Drivers, Challenges With Forecast To 2027

TMR analysts suggests that the global wipes market, which was valued at US$ 34.3 bn in 2018, will rise at a healthy CAGR of 4.1% from 2019 to 2027. If the numbers hold true, the market could rise to a valuation of US$ 49.3 bn by 2027.

Growing awareness about specialty wipes rather than traditional wipes & the hygiene overview is providing growing opportunity for wipes market. Cleanliness and sanitation in retail shops and in other facilities is one of the important factors in attracting new customers and retaining existing customers. Consumers especially in food-joints remember the quality, hygiene and ambience of the place. Unpleasant experiences lead to loss of customer. Moreover the cleanliness and sanitation in schools, universities, hospitals, and public places is considered drive the wipes market.

Increase in Demand of Non-Woven Wipes

Non-Woven wipes are expected to grow at a higher speed and are expected to drive the market. Demand for such wipes is increased for household applications as a result of rising consumer awareness towards the features of wipe products. The reduction in regulations by the governments across the globe on development of textile industry and along with penetration of local players in niche market is also driving the market growth. The non-woven wipes are currently in strong competition to the woven wipes as these wipes are preferred for its usability, and affordability.

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Demand Of Disposable Wipes Will Drive the Global Market

Disposable product type accounted for the highest share in 2018. It has been observed that the usage of non-biodegradable materials for the manufacture of disposable wipes has come under the radar of environmentalists and countries with strict senvironment protection norms are increasingly demanding bio-based products. To remain strong in such regional markets, companies are innovating their products with the use of recycled fibers, natural ingredients, and biodegradable materials. Of the key applications of wipes, the household sector accounted for the highest market share in 2018 due to increase in number of users of wipes and other cleaning products for household cleaning and sanitation purposes.

This review is based on a report by TMR titled, “Wipes Market (Type - Disposable wipes and Non Disposable wipes; Material - Woven and Non-Woven; Other Cleaning Tools - Sourcing Pads, Scrubbers and Sponges, Brooms and Mops, Cleaning Brushes; Application - Household Sector, Industrial Sector (Manufacturing Sector Automotive Sector, Transportation, Food Industry, Education Sector, and Health Care)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027.

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White Goods Market Sales and Revenue and Forecast Period 2027

White goods include heavy, consumer durable products such as freezers, refrigerators, water heaters, air-conditioning units, washing machines, and other domestic as well as commercial, large-sized appliances. A majority of these products are ideally painted in white enamel finish. Though these products are available in varied colors, they are still recognized as white goods. The white goods market is undergoing significant transformation, owing to entry of several mid-sized players in the market. The degree of competition in terms of price among small brands worldwide is increasing.

Growing presence of Asia-based players across the globe led by strong growth of the market in the region and strategic acquisitions worldwide are a few trends being witnessed in the market. A majority of brands of consumer durable products based in China and South Korea hold 63% share of the global white goods market. Availability of inexpensive labor is ultimately helping in the manufacture of final products at a significantly low cost.

The global white goods market is anticipated to expand at a prominent rate in the near future. Increase in the disposable income has been one of the key factors driving the white goods market. Additionally, increase in use of white goods for entertainment, luxury, and R&D purposes is boosting the market. Additionally, emergence of e-commerce platforms coupled with easy payment options has resulted in rise in sales of white good. This platform has helped consumers select products from a variety of manufacturers at an affordable price.

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This has boosted the demand for white goods. However, rising concerns about global warming led by increasing emissions of greenhouse gases (GHGs) from several white goods are restraining the white goods market. Usage of refrigerators, air-conditioning units, etc. results in depletion of the ozone layer, global warming, increased health risks, and rising seawater levels. However, manufacturers of consumer appliances are coming up with eco-friendly products. Products that consume low energy, enhanced safety standards, and IoT-connected devices are becoming popular in the market. This becomes good opportunity as these product are environment friendly and well accepted in the market.

The global white goods market can be segmented based on product, end-use application, distribution channel, and region. Based on product, the global market can be classified into refrigerators, washing machines, air-conditioners, microwave ovens, dishwashers, vacuum cleaners, and others. Based on end-use application, the market can be divided into residential and commercial. The commercial segment can be sub-classified into hotels & restaurants and ice cream parlors. According to distribution channel, the global white goods market can be segmented into online and offline.

The online segment can be sub-divided into company-owned portals and e-commerce sites, whereas the offline segment can be sub-divided into supermarkets & hypermarkets, specialty stores, and retail-based stores. In terms of region, the global white goods market can be categorized into North America, Europe, Asia Pacific, Middle East & Africa, and South Africa. North America and Europe hold a major market share, owing to presence of numerous players in these regions. However, Asia-based companies are thriving the global market.

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Prominent players operating in the global white goods market are Lloyd Electric & Engineering Limited (India), Whirlpool Corporation (the U.S.), Johnson Controls International Plc (Ireland), LG Electronics Inc. (South Korea), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Panasonic Corporation (Japan), and Koninklijke Philips N.V. (the Netherlands). Players compete with one another in terms of new product designs and advancements in technology in order to attain a competitive edge in the market. Advancements in technology and strong geographical presence play important role for these players in gaining a competitive edge in the market.

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Hydrogen Water Market Opportunities And Forecast Analysis To 2027

Hydrogen water is normal water that has extra hydrogen gas added to it. Normal water molecules are made of hydrogen and oxygen molecules. Generally in a water, the amount of hydrogen content is proportion to the amount of hydrogen present in the Earth’s atmosphere. In case of hydrogen water, molecular hydrogen (a tasteless and odorless gas) is added to normal water.            

The market for hydrogen water is still very new and regulations concerning the use of hydrogen water is still not developed. Even in developed countries such as the U.S., the Food and Drug Administration (FDA) only has a regulation that the amount of hydrogen gas in beverages, sodas and drinking water must contain a maximum of 2.14% by volume. Several U.S. companies have either launched hydrogen water products or will soon debut them in an attempt to lure consumers seeking natural, functional products.

Hydrogen Water Market – Competitive Landscape

Hydrogen water market is extremely niche market with presence of very few players in the market. Studies are still conducted by many eminent researchers worldwide to understand its effectiveness in an individual’s health. Some of the key players in the field of hydrogen water market includes: 

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Dr. Perricone Hydrogen Water

Dr. Perricone Hydrogen Water is a U.S. based company specialized in production of hydrogen infused water. The company provides the hydrogen infused water in aluminum cans having shelf life of 2 years.

HTwo

HTwo is specialized in providing hydrogen infused beverages. The company has strong presence in U.S. through key retailers such as King Soopers, Kroger, Giant Eagle and Lucky’s Markets etc.

HFactor

HFactor is a U.S. based company specialized in production of hydrogen water. The company has strong presence in U.S. with approximately 6,000 retail stores.

HyVIDA

HyVIDA is a U.S. based company specialized in providing hydrogen infused sparkling water. The company provides hydrogen infused water in aluminum cans and has its presence in U.S. in more than 100 stores.

Hydrogen Water Market – Dynamics

Hydrogen Water market to grow owing to its increasing health benefits.

According to research conducted by various scientists, it was found that hydrogen gas infused water with hydrogen gas improves athletic performance, reduce inflammation from exercise and deliver powerful antioxidants. Antioxidants have immense health benefits. All these factors are increasing the demand for hydrogen water across the world. The concept of hydrogen water is still in early phase and is anticipated to require substantial amount of time for the market to grow.

Additionally, medical research conducted by Medical Gas Research in 2011 for effects of drinking hydrogen-rich water on the quality of life of patients treated with radiotherapy for liver tumors found that drinking hydrogen rich water reduced reactive oxygen metabolites in the blood and maintained blood oxidation potential.

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Packaging and lack of Regulation are major restraint for the market

In the U.S., hydrogen water beverages face two main problems. There is inconsistent level of added hydrogen in different products, and there's no regulatory oversight requiring a standardized level.

The other problem is that hydrogen tends to leak through glass or plastic containers, so products need to be consumed fairly quickly after opening to receive the advertised benefits. 

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Smart Greenhouse Market Description and Business Overview

The global market for smart greenhouse is foreseen to observe promising development all through the coming years. The rising ubiquity of the technology is anticipated to support market development in the coming years. Additionally, the utilization of smart greenhouse innovation helps essentially in expanding the yield and productivity of solar and floating controlled greenhouse. 

Based on technology, the market is grouped into LED, HVAC, communication technology, grow light, water system framework, irrigation system, control framework, valves and pumps, and others. The kinds of smart greenhouses canvassed in the report are non-hydroponic and hydroponic. The market is classified based on region into Asia-Pacific, Europe, North America, and Latin America, Middle East and Africa (LAMEA).

 Global Smart Greenhouse Market: Trends and Opportunities 

The developing requirement for smart cultivating inferable from the massively rising populace is one of the key factors that is anticipated to enhance the development of the global smart greenhouse market in the following couple of years. Moreover, the developing fame for rooftop cultivation and industrial improvements are foreseen to energize the development of the entire market in future. The rise of vertical cultivation in urban regions and the developing awareness among purchasers with respect to the advantages of embracing smart greenhouse are anticipated to quicken the market's development. 

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In actuality, the high expense of smart greenhouse is considered as one of the key reasons foreseen to confine the development of the global smart in the coming years. Also, the joining of advances and the necessity of high starting venture are evaluated to hamper the development of the market. Nevertheless, the utilization of AI gadgets, control gadgets, and sensors that empower automation, water system, and control of the environment is required to contribute considerably towards the improvement of the smart greenhouse market all over the globe. 

Global Smart Greenhouse Market: Regional Analysis 

Europe is relied upon to lead the general market and record for a key offer in the coming years. The powerful development of this district can be ascribed to the expanding appropriation of smart greenhouse innovation over the most recent couple of years. Moreover, a noteworthy commitment from the Netherlands, Spain, and Italy is foreseen to support the development of the smart greenhouse market in Europe all through the gauge time frame. 

Besides, Asia Pacific and the Rest of the World sections are evaluated to observe dynamic development in the coming years. The quick pace of urbanization in these two region is one of the vital elements anticipated to quicken the development of smart greenhouse market in the forthcoming years. 

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Global Smart Greenhouse Market: Competitive Landscape 

The key players operating in the smart greenhouse market are Ceres Greenhouse Solutions, Rough Brothers, Inc., GreenTech Agro LLC, Argus Control Systems Ltd., Logiqs B.V., Heliospectra AB, Nexus Corporation, JFE Engineering Corporation, Terrasphere Systems, LLC, Hort Americas, and Certhon, LumiGrow Inc. The emergence of a huge number of firms operating in the global market is foreseen to result in a tough competition within the market players in the future years.

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