Freight Trucking Market: Global Economic Impact on Industry

According to the report, the global freight trucking market is projected to reach ~US$ 4 Trn by 2030, expanding at a CAGR of ~5% during the forecast period. Rise in trade and more distance between manufacturing units and end-users is likely to boost the market for freight trucking during forecast period. In developing and major emerging economies, transportation of products and goods by means of roadways plays an integral role. Moreover, this mode of transport is cost-effective for door-to-door service, owing to improved road infrastructure. This is anticipated to propel the freight trucking market during the forecast period.

Increasing industrialization and preference toward e-tailing is estimated to boost the freight trucking market. Online shopping is witnessing significant expansion, owing to an increase in speedy Internet access, which has led to a rise in preference toward e-tailing among consumers. Furthermore, convenience of shopping from home is projected to boost e-Commerce and consequently, drive the freight trucking market during the forecast period.

Expansion of Freight Trucking Market

Surge in trade volume due to rising bilateral trade among countries is projected to boost the freight trucking market during the forecast period. China witnessed a surge in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Exports of China to the U.S. further rose by 15.2% percent year-on-year.

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Based on type, the global freight trucking market has been segmented into truck trailer, lorry tank, flat bed truck, refrigerated truck, and others. Lorry tank and truck trailer are likely to be highly lucrative segments during the forecast period. This is primarily due to a rise in trade volume from one region to another. The refrigerated truck segment is estimated to expand at a rapid pace during the forecast period, due to rising export and import of perishable goods across the globe.

In terms of end user, the global freight trucking market has been classified into oil & gas, energy & mining, industrial & manufacturing, defense chemicals, pharmaceutical & healthcare, and food & beverages. The industrial & manufacturing segment dominated the global freight trucking market due to a rise in the demand for better infrastructure and development of new industries especially in developing countries. The energy & mining segment followed the industrial & manufacturing segment.

Regional Analysis of Freight Trucking Market

In terms of region, the global freight trucking market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the freight trucking market in 2019 and is anticipated to hold a leading share during the forecast period due to high volume of freight transport in China & ASEAN. Improvement of road & transport network and cross-country trade over the years is likely to further boost the freight trucking market in the region.

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Prominent players operating in the global freight trucking market include A.P.Moller Maersk, Canadian National, CEVA Logistics, CMA CGM, DB SCHENKER, Deutsche Post, DHL Paket GmbH, Estes Express Lines, FedEx Corporation, Kuehne + Nagel, Nippon Express Co., Ltd., R+L Carriers,Saia Motor Freight Line, SNCF Geodis, Swift Transportation, TNT Holding B.V., UPS Freight, XPO Logistics, Yamato Holdings Co., Ltd., and YRC Worldwide Inc.

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Hub Motor Market (impact of COVID-19) with Top Players

According to the report, the global hub motor market for electric vehicle is projected to reach US$ 27.4 Bn by 2030, expanding at a CAGR of 22.5% during the forecast period. Rise in demand for fuel-efficient and lightweight vehicles across the globe, which provide comfort and noiseless driving, is likely to propel the hub motor market for electric vehicle. Increase in vehicle electrification across the globe due to enactment of vehicle emission standards is likely to boost the demand for electric vehicles across the globe. Moreover, rise in technological development, including wireless hub motor, is projected to lead to the development of advanced electric vehicles including those, which receive electricity wirelessly through transmitting coils that are embedded in road surfaces. This is anticipated to augment the hub motor market for electric vehicle across the globe.

Expansion of Hub Motor Market for Electric Vehicle

Surge in trade volume, owing to rising bilateral trade among countries is projected to boost the hub motor market for electric vehicle during the forecast period. China witnessed a surge in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Exports of China to the U.S. further rose by 15.2% year-on-year.

Based on vehicle type, the global hub motor market for electric vehicle has been segmented into passenger vehicle and commercial vehicle. Passenger vehicle is likely to be a highly lucrative segment during the forecast period. This is primarily due to a rise in the production of passenger vehicles across the globe. Rise in adoption of electric vehicles in major developing countries, including the U.S., China, Germany, and Japan, is expected to propel the hub motor market for electric vehicle across the globe.

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In terms of electric vehicle type, the battery electric vehicle segment dominated the market, as increase in the demand for electric vehicles due to enactment of emission regulation is fueling the hub motor market for electric vehicle. Moreover, major vehicle manufacturers are emphasizing on investments for the development of battery and trying to reduce the cost of the battery electric vehicle, which is likely to fuel the hub motor market for electric vehicle.

Regional Analysis of Hub Motor Market for Electric Vehicle

In terms of region, the global hub motor market for electric vehicle has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global hub motor market for electric vehicle in 2019. It is anticipated to hold a leading share during the forecast period, due to the rise in the production and sale of vehicles in China and ASEAN. Increased demand for electric vehicle across Asia Pacific is anticipated to boost the hub motor market for electric vehicle across the region.

Prominent players operating in the global hub motor market for electric vehicle include ZIEHL- ABEGG, HEINZMANN GmbH & Co. KG, Protean electric., Bonfiglioli Riduttori S.p.A., ZF Friedrichshafen AG., NSK Limited, Evans Electric, Hyundai Mobis Co. Ltd.., TM4 Inc., e-traction B.V., Kolektor, Elaphe Ltd, NTN Corporation., Magnetic Systems Technologies, GEM Motors d.o.o, Siemens AG, Printed Motor Works, YASA Limited, and Schaeffler AG.

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Organic Personal Care Market Demand, Growth, Opportunities and Forecast

Transparency Market Research has recently published a new research report, titled “Organic Personal Care Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2027.” The extensive research report provides an explanation of the overall global organic personal care products market by using Porter’s five forces analysis. This report offers holistic view of the competitive landscape, the threat of substitute products or services, threat regarding new entrants, the bargaining power of customers, and the bargaining power of suppliers.

The global organic personal care products market was valued at US$12.98 Bn in 2018 and is expected to reach US$28.66 Bn by 2027, surging at a growth rate of 9.2% between 2017 and 2027. The growth of the global organic personal care products market will also be attributable to the growing number of distribution channels and launching of new and innovative products into the market.

Personal care products manufactured from organic ingredients are projected to increase rapidly in the near future.  As consumers are trying to replace synthetic cosmetics and personal care products, they are gradually opting for organic products. The growing awareness amongst consumers about the hazards of synthetic chemicals is also providing a boost to the global organic personal care products market. Organic personal care products are free from chemicals such as aluminum salts, phthalates, parabens, and petrochemicals. In countries like China, India and Japan etc. are projected to be the emerging markets for organic personal care products in the forecast period.

The organic personal care products market is divided on the basis of type and region. The types of organic personal care products are skin care, hair care, cosmetics, oral care, and other products. Geographically, this market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

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North America region is the biggest market for the organic personal care products globally. As there is a high adoption of organic skincare, hair care, oral care and sun care products are projected to create new opportunities for the manufacturers & distributors of personal care products in the near future. Furthermore, the market in Asia Pacific is projected to expand at a significant growth rate during the forecast period. As companies are making heavy investment on advertising organic personal care products and running promotional campaigns to enhance the sale of organic personal care products in the forecast period. Some of the key players in the global organic personal care products market are Estee Lauder, The Body Shop, The Hain Celestial Group, and Yves Rocher.

The organic personal care products report highlights the SWOT analysis which includes the strengths, weakness, opportunity, and threats pertaining to the market. Porter’s Five Force Analysis in the report highlights threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitutes, and competitive rivalry. This analysis helps in understanding a company’s position in a particular industry as well as market entry strategies for new players. Key trends, both in terms of demand side and supply side is included, that helps in understanding the market scenario. Key market indicators are included in the report which portray some global facts such as growth of personal care product industry etc. in different countries across the globe.

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Online Gambling & Betting Market Growth Dynamics and Opportunities

According to a new market research report published by Transparency Market Research titled “Online Gambling & Betting Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027,” the global online gambling & betting market is expected to reach a value of US$ 134.5 Bn by 2027, growing at a CAGR of 11.9% from 2019 to 2027. Europe held the leading share in the online gambling & betting market in 2018 and is expected to maintain its dominance over the forecast period.

The online gambling and betting market is expected to witness a rapid growth during the forecast period due to regulatory environment, which in turn is expected to propel the global market across the globe. Moreover, increase in prevalence rate of gambling, rise in disposable income of consumers, trust in the mode of online gambling and betting, growth in penetration rate of Internet, and adoption of Internet-based devices are major factors driving the online gambling & betting market.

Participation in online gambling & betting helps end-users to witness gambling and betting activities in real-time through their Internet-based devices. Online gambling and betting consists of gambling and betting games such as poker, casino, sports betting, and lottery which are played through digital platforms.

Relaxation of laws for online gambling & betting across the globe provides new opportunities for internet based gambling & betting operating players to generate revenue. Major online gambling & betting players are involved in the business of innovative game development along with online transaction services. Companies operating in the online gambling & betting market include 888 Holdings plc, The Stars Group, Paddy Power Betfair plc. Fortuna Entertainment Group, GVC Holdings Plc., and Kindred Group, as profiled in this report.

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With the adoption of mobile devices in online gambling, gamification is expected to play a crucial role in disrupting the market over the coming years. Today, operators are trying different ways to generate customer loyalty in the online gambling market. However, players are not able to find major differences between similar games, since all games are built on the same gaming models. Gamification is expected to provide an advantage for operators by offering strategies such as real-time performance analytics, competition with player-friends, virtual rewards, and loyalty bonuses. This, in turn, is expected to generate brand loyalty in players and distinguish the operator’s games from those of its competitors. Furthermore, it is expected to drive innovation among operators in order to create new forms of gambling games in the coming years.

The global gambling revenue is expected to grow at a healthy rate owing to high disposable incomes, favorable regulation, and tax rebates in respective regions. The end-users comprising the age group from 35 to 55 years having high disposable incomes and a passion for the adoption of the latest technological devices as part of leisure. Therefore, the end-user segment is more likely to adopt online gambling technologies in the coming years.

Generations Y and Z, consisting of the age group between the years of 15 to 25, are more inclined to use mobile devices and may find online gambling a part of leisure in the coming years. Thus, combining the inputs from both age groups, the online gambling and betting market is expected to register positive growth over the forecast period.

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In terms of geography, Europe accounted for the highest share in 2018. Asia Pacific is expected to grow at a higher pace in coming years. Key factors attributing to the Asia Pacific market growth are relaxation of laws, growth in participation of wagers through Internet, and availability of foreign gambling & betting sites with attractive offers. In addition, increase in penetration of Internet-based devices and trust in using online gambling & betting sites are stimulating the market.

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Nutricosmetics Market Facts & Figures by Country

Consumer awareness regarding the ill-effects of synthetic chemicals used in popular cosmetic skin care products are driving them to opt for nutricosmetics. Emerging markets in the Asia Pacific region and South America whose income levels are rising are expected to witness high growth rate in the demand for skin care products. This is due to a rise in disposable income. Developing countries such as Chile and Uruguay are witnessing a rise in average spending on nutricosmetics products.

Transparency Market Research has come up with a new report titled “Nutricosmetics Market”, which forecasts that the market would expand at 8.5% CAGR over the period of forecast from 2019-2027. The global nutricosmetics arket is estimated to be valued at US$ 8,571.5 mn by the end of 2027.

Consumer rising preference towards a healthier and better lifestyle coupled with usage of natural products including barks, roots, and green tea in skin care product is escalating the demand for global nutricosmetics market. Some of the prominent players that are operating sucessfully in the global nutricosmetics market comprise names like The Coca-Cola Company, E.l.Du Pont De Nemours and Company, Cargill Incorporated, L’Oreal SA, and Nestle S.A. 

Personalization in Cosmetic Skin Care Products

Rising demand of personalized cosmetic skin care products, wherein manufacturers take into account specific details of individuals such as weather, skin type, pollution levels where they live, and a myriad other details to ensure that the product is compatible with and effective on the user’s skin.

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Use of Cannabidiol (or CBD)

Cannabidiol is one of the 80 compounds called cannabinoids extracted from the cannabis sativa plant. CBD is known to treat dry skin, psoriasis, and eczema and is being used in many beauty products. CBD also offers anti-inflammatory and moisturizing properties, which is increasing its popularity as an ingredient in cosmetic skin care products. It was earlier part of a niche category of skin care products. It is now entering the mainstream with a number of brands, established and upcoming, launching products containing the ingredient.

In terms of regions, the global nutricosmetics market is divided into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Europe accounted for the leading market share owing to high penetration of nutricosmetics. Such high penetration of the product is coupled with substantially high adoption rate amongst the consumers followed by high awareness about the benefits of nutricosmetics. Nutricosmetics manufacturers in Europe are opting for strategic joint ventures and acquisitions in bid to grab opportunities in the global nutricosmetics market.

The information presented in this review is based on a TMR report bearing title “Nutricosmetics Market (Product Type - Supplements (Tablet, Capsule, Powder, and Liquid) and Beauty Beverages/Drinks; Primary Function - Skin Care (Sun Care, Anti-Ageing, Radiance and Glow, and Anti Acne/Pimple), Hair and Nail Care, Weight Management, and Multifunctional; Distribution Channel - Modern Trade, Health and Beauty Stores, Specialty Stores, Pharmacy Stores, and E-commerce) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”.

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Linear Actuators Market Growth Factors And Forecast To 2027

The global linear actuators market is highly fragmented, with the top five players accounting for a less than 20-25% of the market’s overall valuation in 2018, observes a recent report by Transparency Market Research. Investment aimed at the development of technologically advanced product varieties, product innovations to meet the constantly changing demands of different industries, and adherence to high quality standards are some of the key growth strategies adopted by market players in the market. Some of the leading players in the market are Emerson Electric, Co., Rockwell Automation, Inc., Honeywell International, Inc., Parker Hannifin Corporation, and Tsubakimoto Chain, Co.

The global market holds an immense promise of growth in the near future. Transparency Market Research estimates that the market will exhibit a promising CAGR over the period between 2019 and 2027. Of the key product varieties, the segment of electric actuators, which currently accounts for over 25% of the market’s overall revenue, is expected to remain the most promising over the forecast period. Geographically, the U.S. will continue to hold a prominent share in revenue, but the rate of growth of the Mexico market will surpass that of both the U.S. and Canada.

Rise in Industrial Automation to Reinforce Demand for Linear Actuators in North America

• The Global market is chiefly driven by the favorable rise in industrial automation across all industries such as automotive, oil and gas, fluid, and defense in the region. Industrial automation is largely supported by various types of linear actuators, owing to which, the potential future rise in industrial automation is expected to positively impact the growth of the linear actuators market in North America.

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Additionally, the significant rise in demand for efficient water and wastewater management is also predicted to drive the application of a variety of linearly actuated valves at an exponential rate in the region. With the rising stringency of environment sustenance norms, the focus on water conservation and wastewater management is expected to further strengthen in the region in the next few years. This is expected to emerge as a high-impact factor for the future growth prospects of the Global market.

• Furthermore, the growth region’s aerospace and defense industry, where linear actuators have varied applications, is also expected to aid the demand for a variety of linear actuators in North America in the near future. The impact of this factor on market’s development is presently medium but is expected to be high during the forecast period.
• Further, many market players are launching tool that can help in the purchasing of the linear actuator. For instance, in 2019, Firgelli Automations, a linear actuator system manufacturer announced a calculator for the measurement of force prior to making the buying decision on linear actuator. It will help customer in choosing and purchasing precise linear actuator depending upon the applications.

Decline in Manufacturing and Mining Sectors to Keep Demand in Check

The market is, however, expected to bear the brunt of the recent slowdown in the manufacturing sector in the near future. The manufacturing sector is one of the key consumers of a variety of linear actuators. The slowdown in its operations is indeed a big restraint and could have a sizeable negative impact on the growth of the linear actuators market in North America. The impact of this restraint is presently medium and is expected to further lessen during the forecast period.

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The mining industry in North America is also facing a rough patch owing to decline in demand, lack of financing, and strict regulations regarding a number of environmentally taxing operations. The mining industry being another key consumer of linear actuators, it’s declining growth prospects are expected to have a notable negative effect on the linear actuator market in the region.

This review of the market is based on a recent market research report published by Transparency Market Research, titled “Linear Actuators Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027.”

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Optical Position Sensors Market Revenue, Price and Gross Margin

A report by Transparency Market Research on global optical position sensors market states that the market is expected to witness an above-average 9.0% CAGR in the forecast period of 2018 to 2027. According to the report the growth of the market is attributed to extensive use of technologies like VR and automations that can process and visualize data in real-time. Further, with growing application of optical sensors in automotive industry, is expected to boost the global optical position sensors market to reach to the value of US$ 3.3 bn by the end of 2027.

Extensive Shipments of Optical Sensors Asia Pacific

The growth in the demand for optical sensors is expected to continue with the steady pace in Asia Pacific. This growth is backed by the increasing demand for smart electronic devices in the region. As a result of the growing disposable income of the consumer, they prefer to adopt optical sensors to maintain the safety of their assets. All these factors cumulatively support the dominance of the Asia Pacific in global optical position sensors market. Based on the data acquired, the report by Transparency Market Research states that Asia Pacific optical position sensors market is expected to bag US$ 886.3 mn by the end of 2027.

Consumer Electronics Emerges as the Leading Segment

The global optical position sensors market is categorized on the basis of the type, technology, applications, and end users. Of these categories, the consumer electronics segment under application parameter is expected to emerge as the lading segment during the forecast period 2018 to 2027. The segment accounts for more than 51.2% of total revenue generation of the global optical position sensors market. One of the key factors that boost the segments growth is the growing application of optical sensors in various consumer electric products like smartphones, and smart cameras. Some of the other end user industries that constitute the global optical position sensors market are defense and aerospace.

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Smart Devices Drive Better Growth

Devices like smartphones, smart watches, and tables are some of the smart devices that extensively use optical sensors. The growth in the sales of these products soar the revenue for global optical position sensors market. In order to capture majority share of global optical sensors market, manufacturers of these devices are rolling out new products with competitive price range and features. Because of the arrival of new products in terms of technology, price, and features, smart devices are driving the growth of global optical position sensors market in the forecast period of 2018 to 2027.

Moreover, use of smart devices in agriculture sector is another factor that drives the growth of global optical position sensors market these days, says the report. According to the experts at Transparency Market Research, agriculture domain has increased the use of smart devices to predict the condition of the soil, temperature, and weather. These hiked up adoptions are one of many factors that are driving the growth of global optical position sensors market in the forecast period of 2018 to 2027.

Lack of Precision may Hamper the Growth

One of the most prominent drawbacks of optical sensors is that they lack precision.  It makes it difficult for the user to ensure the quality of the results and accuracy of the information they provide. This is majorly because of the absence of proper international standards in order to determine the performance of the sensors. Due to these inconsistencies, the global optical sensors marker might face some downfall during the forecast period. However, manufacturers are incorporating technologies such as IoT and VR that can provide impactful result for their optical sensors. Based on these technologies, the global optical position sensors market is expected to maintain its growth in the forecast period of 2018 to 2027.

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The study presented here is based on a report by Transparency Market Research (TMR), titled, “Optical Position Sensors Market (Types - One Dimensional Optical Position Sensors, Two Dimensional Optical Position Sensors, and Multi-axial Optical Position Sensors; Application - Aerospace and Defense, Automotive, Consumer Electronics, and Healthcare) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019–2027.”

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