Car Rental Market Value Analysis, Production, Growth Rate, and Price

The competitive landscape of the car rental market is moderately fragmented in nature. This is mainly due to the presence of several international and domestic players in the market. The increasing dominance of giant players in the market is dragging the market towards consolidation, says Transparency Market Research(TMR). Some of the prominent players operating in the car rental market are Enterprise Rent-A-Car, Sixt SE, Europcar, The Hertz Corporation and Avis Budget Group.

The players in the market are primarily focusing towards enhancing their services so as to improve their customer base and gain profitability in the market. Along with this, players are focusing towards acquisitions and mergers, business expansion and innovation to strengthen their market share.

For instance, in March 2019, Sixt SE, a prominent player in the car rental market launched a mobility app in order to facilitates customers with several other services and boost personalisation. In the same way, in December 2018, The Hertz Corporation, incopated the use of a online platform called the Hertz Fast Lane in their servies.  This platform helps in carry out and speed up the entire vehicle rental process with the help of a biometric.  

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According to TMR, the global car rental market is projected to witness a astonishing double digit CAGR of 14.40% during the forecast period that between 2014–2024. The opportunities in the market is projected to touch a valuation of US$290.07 bn by 2024. 

On the basis of geography, North America is expected to dominate the global car rental market during the forecast period. This is mainly due to the presence of several veteran players in the region. Based on transportation mode,  the airport transport segment is expected to  hold sway in the overall market, thanks to the significant rise to the air traffic and  rapid strides taken by industrialization in several parts of the world. 

Integration of Advanced Technologies in Mobile Application to Drive Market Growth

The global car rental market is projected to garner a remarkable growth rate in the coming few years. This is mainly due to the factors such as global upsurge in travel and tourism activities coupled with improving road infrastructure. Along with this, rise in disposable incomes, surge in leisure and business trips and increasing investments by the global players are some other factors expected to fuel the car rental market in the coming few years.

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Car rentals are the car services offered by players to the common people for a particular time duration at an agreed amount. Integration of advanced technologies such as  real time monitoring, GPS and digital transaction are some other factors that played a crucial role in the growth of the car rental market. 

Advent of Ride Sharing Application to Hamper Market Prospects

The growth in the car rental market is hampered due to the advent of ride sharing application which help professions offer rise to other profession is expected to impede market growth. Along with this, stringent governmental regulation towards the vehicle emission is projected to curb market growth in the car rental market  in various developing and developed nations.

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Luxury Furniture Market Size 2020 – Review by Business Opportunities

The global luxury furniture market is expected to grow notably in the upcoming years. The key players in the market are rapidly working on establishing the manufacturing units in the developing economies owing to the low initial costs and investments. Aggressive marketing techniques are being used in the entire market by most of the leading players, to create a lasting impression among the consumers. Some of the major players operating in the global market are Nella Vetrina, Muebles Pico, Laura Ashley Folding PLC, Henredon Furniture Industries Inc., Scavolini S.p.A., Giovanni Visentin srl, Turri S.r.l, Iola Furniture Ltd, and Heritage Home Group LLC.

According to a recent report by Transparency Market Research (TMR), the global luxury furniture market is estimated to expand at a steady CAGR of 5.2%, during the forecast period from 2017 to 2022. The market is prognosticated to reach around worth of US$29,496.7 mn by the end of 2022, from US$22,937.6 mn back in 2017.

On the basis of material types utilized in making of furniture the market is led by wooden luxury furniture segment, with highest revenue in forthcoming years. This is attributed to the monetary value, durability of the material, and aesthetic value in the global luxury furniture market. Regionally, Asia Pacific is providing a huge scope for players in future. Particularly, China is expected to be one of the key revenue generating nation owing to rise in urbanization and increase in disposable income of the people.

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Easy Online Payment to Surge Development in Market

The pattern of safely online bill payment and e-shopping through net-banking is estimated to help the development of the market. In addition, with simple EMI alternatives and rise in number of middle class people are also ready to afford the cost of luxury furniture. Moreover, rise in disposable income of the entire population is as well supporting the development of the luxury furniture market all over the globe.

This is on the grounds that a rise in income has prompted people to shift from standard furniture to luxury furniture products. The growing tendency of buying luxury things as a sign of value of space and status symbol are among the key factors surging the demand for luxury furniture in the market.

Fake Luxury Furniture Material to Hamper Market Growth

One of the difficulties hampering the development of the global luxury furniture market is the developing awareness among the buyers with respect to the negative effect on the nature on utilizing wooden furniture. As wood is a noteworthy income procuring material, it might influence the development of the market in the years to come. The developing accessibility of fake luxury material furniture which are valued at a much lower rate and worked with low quality materials is debilitating the development of the luxury furniture market. Nevertheless, the surging in real estate and construction sectors is foreseen to boost the development of the luxury furniture market.

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This analysis is based on a recent market research report by Transparency Market Research, titled, “Luxury Furniture Market - (Material - Glass, Metal, Plastic, Leather, and Wood; Distribution Channel - Departmental Stores, Online Sales, Independent Furniture Retailers, and Factory Outlets; End User - Commercial and Domestic) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022.”

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Active Packaging Market - Key Facts , Share Trends Analysis 2020-2023

Active packaging is a modern method of packaging which involves the addition or withdrawal of certain gases and liquids within food packages, in order to prolong their shelf lives. Food industry is a major consumer of active packaging materials. Oxygen scavenging, ethylene scavenging, ethanol release, carbon dioxide release and water vapor removal are some of the methods of active packaging. Fresh farm produce and poultry are biologically active when packed in flexible packaging materials. They release certain gases due to metabolism. These gases tend to accumulate within the headspace of the packaged food stuff. The accumulated gases cause the deterioration of the packaged food. Scavengers are used to absorb these gases and liquids accumulated within the headspace of the packaged materials, in order to prevent their spoilage. 

The increasing demand for packaged food has been boosting the active packaging market. The growing inclination of individuals towards packaged and ready to eat foodstuffs has been propelling the active packaging market and this trend is expected to continue within the forecast period. Chopped and packaged fruits and vegetables employ active packaging to a large extent as they release gases within the packaging. However, incorporation of active packaging materials such as sorbents in food packages is expensive, which is expected to hamper the market within the forecast period. Nanomaterials and bio sensors detecting the accumulation of gases within packaged food items are expected to open new areas of opportunities for the active packaging market within the forecast period. 

Active packaging can be in the form of absorbent sachets or they can be incorporated within the packaging material. The latter mode of food preservation is expensive; nonetheless it is being explored to a large extent by contemporary packaging material providers. Besides absorbing gases, active packaging can be designed to absorb dripping liquids, controlling humidity, absorbing odors and maintaining the right concentration of gases and moisture within the packaged food items.

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Regions such as North America and Europe dominate the active packaging market. Asia Pacific and rest of the world are nascent markets for active packaging materials. Technological advances in the field of active packaging are expected to make these materials affordable which would increase their demand in Asia Pacific and rest of the world countries. Advanced versions of active packaging materials release controlled quantities of ethanol into bakery and meat products in order to curb microbial growth in these food items. The choice of active packaging material depends on the type of food stuff it is designed to preserve. For instance, lowering of oxygen is beneficial in case of cured meats, nuts and powdered milk.

However, in cheeses, fresh & processed meats and baked goods, carbon dioxide has a beneficial effect. It imparts an antimicrobial effect to certain food items. Therefore, it is paramount to choose active packaging in accordance with the type of food product being preserved. In case of ethylene scavenging, a pink colored indicator is incorporated into the absorbent sachet in order to indicate the amount of absorbent consumed. These sachets are used in ground coffee and desiccated food items. Certain microbial inhibitors such as ethanol and sulfur dioxide are released in controlled amount in baked goods and cut fruits respectively, to inhibit microbial growth. 

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Variable Valve Timing (VVT) Market - Current Impact to Make Big Changes with Key research companies

Variable Valve Timing (VVT) process is used in internal combustion engines to vary the valve timings. It is the next step forward in appropriate utilization of an engine, post development of the multi-valve technology. VVT aides in improving performance of the engine and also reduces emissions, apart from decreasing fuel consumption. Thus, it helps in increasing the power and torque also. VVT process varies the timing of opening and closing of the inlet valve and exhaust valve of an engine. Overlapping of the two events, namely opening the inlet valve and closing of the exhaust valve is optimized by the VVT process which leads to the difference in power generated by the engine.

At faster speed, VVT ensures maximum overlapping while at moderate or slow speed it tunes the overlapping of opening the inlet valve and closing of the exhaust valve as per the requirement. VVT aides in reducing fuel consumption by optimizing exhaust gas recirculation (EGR). VVT can ensure that some of the exhaust gas is re-circulated in the engine by delaying the opening of the exhaust valve while the fuel-air mix inlet valve is kept open. Thus the recirculation leads to less consumption of the fuel-air mixture which ultimately leads to lesser consumption of fuel.

The global market demand for VVT is constantly increasing primarily due to the increasing demand for fuel economy of engines, combined with power and torque. Various regulations related to emissions have also been positively impacting the demand for better VVT technology since it plays a crucial role in reducing emissions. Various law enforcements are requiring auto makers to ensure that the lowest possible emissions are created from their engines, thus leading to advancements in the VVT technology. Additionally, the global increment in automobile sales has also been boosting the growth of the VVT market.

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However, competing technologies such as start-stop system can pose threat to the VVT technology. Also, difficulty in fault recognition of VVT and high cost of replacement has been hindering the growth of this market. Additionally, after-market supply of VVT systems is still quite limited. Several automobile manufacturers are engaging in serious research and development to fully computerize the process for varying the valve timing infinite times and also for better engine output. Also, position and angles of cam shaft are being experimented with regularly for bettering the system.

By technology, the global VVT market can be segmented into cam-changing VVT, cam-phasing VVT, cam changing & cam phasing VVT and others. The market can be segmented by fuel type into diesel VVT system and gasoline VVT system. Furthermore, VVT market can be geographically segmented into North America, Europe, Asia-Pacific (APAC) and rest of the world (ROW).

Some of the key companies leading the VVT market are Aisin Seiki Co. Ltd. (Japan), Continental AG (Germany), Denso Corporation (Japan), Hilite International, Inc. (U.S.), Hitachi Automotive Systems (Japan.), Johnson Controls, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany), Schaeffler AG (Germany) and Valeo SA (France) among others.

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The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

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Nanosatellite & Microsatellite Market Challenges With Completely Different Segments, Forecast- 2027

The global nanosatellite & microsatellite market is extremely competitive and fragmented in nature, states a latest report by Transparency Market Research (TMR). Some of the prominent players operating in the global market are Clyde Space, Gomspace, Ruag Group, Raytheon, and Sierra Nevada Corporation. These companies are focusing on investing in research and development activities to introduce innovative products in the marketplace to gain a competitive edge in the global nanosatellite & microsatellite market. Alternatively, these players are entering into mergers and acquisitions to penetrate the global nanosatellite & microsatellite market. New players are entering the global nanosatellite & microsatellite market.

Growing focus on reducing the cost of miniature satellites, rising development of infrastructure, and advancements in satellites are expected to boost the global nanosatellite & microsatellite market during the forecast period. The global nanosatellite & microsatellite market is projected to expand at a CAGR of 12.9% from 2019 to 2027 to reach value of US$ 3.4 Bn by the end of the forecast period.

Geographically, the global nanosatellite & microsatellite market is expected to be dominated by Asia Pacific during the forecast period. Growth of the market in the region can be attributed to rising demand for applications related to earth observation and research and development of network infrastructure in developing countries in Asia Pacific. In terms of industry type, the global nanosatellite & microsatellite market has been segmented into agency, defense, educational, non-profit, energy & infrastructure, and others. Among these, the global nanosatellite & microsatellite market is expected to be led by the defense sector during the forecast period. This growth can be attributed to high demand in the defense sector to communicate with soldiers located in far-flung areas.

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Technological Advancements to Promote Growth of Global Nanosatellite & Microsatellite Market

Rising demand for miniature satellites and low costs incurred for production of miniature satellites are expected to boost the global nanosatellite & microsatellite market in the next few years. Increasing number of telecom companies is likely to generate demand for nanosatellites and microsatellites. These companies invest in nanosatellites and microsatellites to improve their Internet connectivity and bandwidth. Cost effectiveness and better features provided by modern microsatellites as compared to conventional ones are projected to drive the global nanosatellite & microsatellite market during the forecast period.  Hence, the global nanosatellite & microsatellite market is projected to expand at a substantial rate during the forecast period.

Moreover, advanced technologies that help in setting up research universities are projected to provide new growth avenues to the global nanosatellite & microsatellite market during the forecast period. Rising need for communication by using smart devices is projected to boost the global nanosatellite & microsatellite market in the next few years.

Implementation of Strict Regulations to Restrain Market

Stringent rules and regulations by International Telecom Union regarding radio frequencies are estimated to hamper the global nanosatellite & microsatellite market in the next few years. Moreover, lack of launch vehicles to launch miniature satellites are projected to hinder the global nanosatellite & microsatellite market in the next few years.

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However, increasing use of satellites to meet the rising demand for Internet access in areas without broadband service is estimated to present lucrative opportunities for the global nanosatellite & microsatellite market in the next few years.

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Maritime Security Market Trends, Outlook and 2028 Demand Forecast

The global maritime security market is projected to demonstrate ascending demand graph during the forecast period of 2019 to 2028. Key reason attributed to this growth is increased need for maintaining the marine security. The maritime security system is gaining popularity in various countries owing to its ability to offer advanced technology to spot threats and communicate with officials. Through this system, ports, vessels, and other infrastructure concerned with the shipping business are offered protection from intended damage through sabotage, terrorism, or subversion.

An upcoming research report from TMR on the maritime security market provides in-depth study of key elements supporting or obstructing the market growth. Apart from this, the report aims to covers dependable data on shares, volume, and various business strategies used by vendors working in this market. Thus, the report is a valuable guide of the maritime security market for the forecast period of 2019–2028.

The global maritime security market is segmented on the basis of various key factors such as type, threat and vulnerabilities, end-user, and region.

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Global Maritime Security Market: Growth Dynamics

The global maritime security market is growing on the back of plethora of reasons. A report from the Allianz Global Corporate & Specialty states that around 90% of worldwide trade is carried by international shipping. This factor highlights significance of the international maritime security, thereby fuels the growth of the global maritime security market.

In recent years, there is considerable growth in the marine terrorism-related incidents across the globe. This situation has pushed the military forces to take initiatives and avoid such incidents in future. Deployment of maritime security solutions is one of such initiatives.

Vendors working in the global maritime security market are pouring efforts to advance maritime safety solutions and services. These efforts are helping companies engaged in the shipping and transport business to protect themselves from unethical and illegal acts and threats. As a result, the market for maritime security is witnessing stupendous expansion opportunities.

However, some factors are restraining the growth of the global maritime security market. Ungoverned marine regions and need of uniform standards for maritime safety technologies and solutions are some of the key factors obstructing the market growth.

Global Maritime Security Market: Notable Development and Competitive Analysis

The global maritime security market is moderately fragmented in nature. Presence of considerable number of well-established players shows that the competitive landscape of the market for maritime security is highly intense. Vendors in the market for maritime security are executing numerous tactics to maintain their prominent market position.

Several players are focused on research and development activities to advance their products. A case in point here is recent successful test performed by SAAB Group. The firm stated that it has successfully completed tests on Saab Lightweight Torpedo, which is the firm’s anti-submarine warfare solution. In this work, the firm collaborated with Swedish Armed Forces and Swedish Defence Materiel Administration (FMV). This move indicates that the global maritime security market is expanding at rapid pace.

The list of key players in the global maritime security market includes:

• Thales Group
• SAAB Group
• Elbit Systems Ltd
• Northrop Grumman Corporation
• BAE Systems Inc.

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Global Maritime Security Market: Regional Assessment

The global maritime security market is spread across five key regions, namely, Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Of them, Asia Pacific is one of the lucrative regions of the market for maritime security. One of the key reasons stimulating market growth in this region is increased use of marine route for transportation of goods in the Indian Ocean and the Arabian Sea. Apart from this, growing instances of sea-crimes in the region will boost the market growth in the upcoming period.

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Firewire Cables Market Status and Forecast by Regions

• Firewire cables are largely used to connect devices that have integrated firewire ports. Firewire is an I/O interface standard designed by Apple, Inc. to provide high data transfer speeds.
• Firewire cables is a part of the quickest serial technology designed for connecting a computer to a peripheral device or for connecting devices with one another by using a particular cable design assembly
• Various firewire cable design assemblies available in the market are: 4-pin to 4-pin, 4-pin to 6-pin, 4-pin to 9-pin, 6-pin to 6-pin, 9-pin to 9-pin, and 9-pin to 6-pin. These design assemblies are used to connect external hard drives, computer monitors, DVD decoders, and digital camcorders.
• Furthermore, firewire cables are capable of providing data transfer at a rate as high as that offered by a USB 2.0 cable. This advantage of firewire cables over USB cables also offers a reliable, simple, and economical connection.
• Firewire cables are also known as IEEE 1394 cable, DV cable, and I. Link cable

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Key Drivers of Global Firewire Cables Market

• Growing use of consumer electronics devices such as cameras, scanners, laptops, and memory storage devices worldwide is a key factor driving the adoption of firewire cables during the forecast period

Consumer Electronics Segment to Witness Significant Growth

• Among end-use industries, the global firewire cables market can be segmented into automotive, industrial, consumer electronics, data/communications, and medical devices
• The consumer electronics segment is expected to witness significant growth during the forecast period, owing to high adoption of firewire cables in multiple applications such as camcorders, scanners, printers, DVD players, set-top boxes, computer monitors, audio video receivers, hard drives, and audio recording devices
• Owing to the above-mentioned factors, the consumer electronics segment is likely to witness significant growth during the forecast period

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Asia Pacific to Hold a Major Share of Global Firewire Cables Market

• In terms of region, the global firewire cables market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• The firewire cables market in Asia Pacific is expected to expand at the maximum CAGR during the forecast period. This growth can be attributed to presence of a large number of cable manufacturers and continuously rising demand for consumer electronics devices in the region.
• The firewire cables market in North America and Europe is likely to witness stagnant growth between 2019 and 2027. The market in Middle East & Africa and South America is estimated to witness sluggish growth during the forecast period.

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