Current COVID-19 Impact on Wheelbarrows Market Research 2020 With Strategic Analysis of Key Companies

• Wheelbarrow is a transporter device or hand-propelled vehicle which is used to carry small loads by construction workers and gardeners. A wheelbarrow usually has one wheel, (sometimes it has two wheels).
• A wheelbarrow mainly consists of three parts: a tray, wheel, and handle. The wheel can be pneumatic, semi-pneumatic, or non-pneumatic. Various types of wheelbarrows are available such as motorized, gasoline, gas, electric, folding, two wheel, and heavy duty.
• Wheelbarrows are mostly made of wood, plastic, and metal. Wheelbarrows are customized, multipurpose, and need-based products that have a compartment to store the load.
• The global wheelbarrows market is predicted to expand at a rapid pace during the forecast period, owing to increased demand for wheelbarrows from the construction industry.

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Key Drivers of the Global Wheelbarrows Market

• Wheelbarrows move through narrow roads where vehicles cannot access, are pollution free and eco-friendly, cost effective, and carries more goods or material than a person can carry at a time. This is expected to propel the market growth in the forthcoming years.
• Rise in demand for wheelbarrows from the non-residential market (hospitality industry, healthcare industry, and food services) is projected to boost the wheelbarrows market in the near future.
• The construction industry is growing exponentially across the globe, which is likely to indirectly influence the demand for wheelbarrows during the forecast period.
• Infrastructure development is taking place at a rapid pace across the globe, and further expected to drive the wheelbarrows market in the near future.
• Rapid increase in the number of retail stores, supermarkets, and hospitals is anticipated to drive the demand for wheelbarrows globally.

Availability of alternatives hampers the wheelbarrows market

• Manufacturers of wheelbarrows face intense competition due to the availability of cheap alternatives, which is anticipated to hinder the demand for wheelbarrows.
• Availability of wheelbarrows on rent at very cheap rates is anticipated to hinder the market in the next few years.

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Asia Pacific to Hold a Major Share of the Global Wheelbarrows Market

• In terms of region, the wheelbarrows market is segmented into North America, Europe, South America, Middle East & Africa, and Asia Pacific.
• Asia Pacific is a leading market for wheelbarrows, followed by North America and Europe. China and India are key markets in the region. In terms of demand, the two countries account for more than 50% share of the market for wheelbarrows in the region. This is primarily because these countries are working toward infrastructure development.
• The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period. This is primarily due to the rapid rise in construction activities such as power generation projects, highway construction, railway expansion, and export and import of cargo.
• The wheelbarrows market in Middle East & Africa is estimated to expand at a rapid pace during the forecast period, followed by Europe and Asia Pacific. This can be attributed to global infrastructure development of countries in the last decade in the region.

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Global Next Generation Sequencing Market Revenue, Growth Rate, Demand, Trends and Forecast to 2023

Next generation sequencing (NGS) also known as high-throughput sequencing enables scientists to sequence and assemble billions of short DNA reads. The advent of next generation sequencing technologies has brought significant changes in the sequencing process by providing high throughput, speed, flexibility and reduced sequencing cost over thousand folds. NGS has ability to generate hundreds of gigabases of nucleotide sequence data in a single sequencing run.

The technology is emerging at a rapid rate due to its growing adoption in clinical applications as it allows scanning of whole genomes or targeted genomes in less span of time. In addition, reduction in cost of sequencing has also expanded the usage of next generation sequencing in variety of clinical applications. The technique has imparted its usage in various clinical applications such as cancer, inherited genetic disorders, HLA typing and identification of infectious diseases. For instance, NGS has been used for tracing hospital acquired infections and tuberculosis outbreaks.

The market for next generation sequencing can be segmented based on technology, application, end-users and geography. The application section can be categorized into drug discovery, personalized medicines, biomarker discovery, diagnostics and others (agriculture, animal, marine and other studies). The technology section of the market could be subdivided into sequencing by synthesis, ion semiconductor sequencing, pyrosequencing, sequencing by ligation and single molecule real time sequencing.

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The next generation sequencing market can also be analyzed based on the end user segment including hospitals and clinics, research institutions and pharmaceutical and biotechnology companies. It is witnessed that more than 65% of the next generation sequencing revenue is generated from academic institutions, biopharmaceutical companies and government research institutes.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America (LATAM), and Middle East and Africa (MENA). Of all the geographies, North America accounted for the largest market share in 2014 followed by Europe.  However, during the forecast period Asia-Pacific region is anticipated to record highest growth owing to market saturation in developed regions. Furthermore, technological innovation, increasing drug discovery initiatives by healthcare companies, increasing adoption of innovative models and huge capital investment by pharmaceutical and biotechnology companies are some of the key factors expected to drive the growth of next generation sequencing market in Asia. 

Currently, the next generation sequencing market is consolidated with very few market players due to involvement of extremely complicated technologies and the low target audience for the systems. The expensive next-generation sequencing systems may exceed a cost of millions of dollars for installation, maintenance, reagents and output analysis. Most respondents have suggested sequencing as a service business rather than an investment for in-house research. Introduction of bench-top sequencers enabling ease of use to researchers is also expected to push the market growth further.

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Outsourcing sequencing is expected to remain a major contributor to the revenue generation in the coming years. Response gathered from research facilities suggest that purchase of these sequencing platforms may demonstrate actual growth post reduction in the sequencing costs below USD 1000 as suggested by several manufacturers. True potential of this technology lies in the personalized medicine and sequencing genomes of individuals. Furthermore, increasing initiatives by government bodies for genomics research would also boost the adoption of high-throughput sequencing platform.

Some of the major players operating in the global NGS market are Agilent Technologies, Life Sciences Corporation (Roche Holding Ag), Genomatix Software Gmbh, Illumina, Inc., Gatc Biotech Ag, Dnastar, Inc., Life Technologies Corporation, Oxford Nanopore Technologies, Ltd., Perkin Elmer, Inc., Qiagen N.V., Partek Incorporated, Macrogen, Inc., Knome, Inc., and Genomatix Software Gmbh.

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Automotive Drive Shaft Market COVID -19 Impact | Outlook, Growth Opportunities and Forecast 2027

According to the report, the global automotive drive shaft market is projected to reach ~US$ 21 Bn by 2027, expanding at a CAGR of ~2% during the forecast period, owing to an increase in popularity and demand of four wheel drive vehicles among consumers. The global automotive drive shaft market is mature; however, demand for more powerful vehicles and variation in technologies and material is playing a key role in changing the dynamics of the automotive drive shaft market.

Expansion of Automotive Drive Shaft Market

The expansion of the automotive industry across the globe, especially in developing economies such as China, India, and Brazil, is driving the global automotive drive shaft market. The automotive industry in Asia Pacific has been expanding at a notable pace since the last decade. The production of the auto industry has significantly increased in China, and India; additionally, they have made rapid advances in terms of volume production of vehicles, which in turn drives the global automotive drive shaft market. The high focus of automakers on reducing the weight of vehicles in order to enhance their efficiency and lower emission levels, due to enactment of stringent emission laws in most of the countries, is boosting the development of new materials for manufacturing of drive shafts, which in turn is propelling the market for automotive drive shaft.

Regional Analysis of Automotive Drive Shaft market

In terms of region, the global automotive drive shaft market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific held a significant share of the global automotive drive shaft market in 2018, owing to high production of vehicles and rising demand for powerful performance vehicles among rapidly developing economies in the region. The global automotive drive shaft market is directly influenced by vehicle production and increasing penetration of four wheel drive vehicles.

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Europe and North America are key markets for the automotive drive axle, owing to production of large number of premium and all-wheel drive vehicles. Countries with extreme cold weather situations in these two regions witness higher demand for four wheel drive vehicles due to their superior performance on icy roads.

Prominent players operating in the global automotive drive shaft market include Advanced Composite Products & Technology Inc., American Axle & Manufacturing, Inc., Bailey Morris Limited, D & F PROPSHAFTS, Dana Limited, GKN Plc., HYUNDAI WIA CORP., IFA Group, JTEKT Corporation, Neapco, Nexteer Automotive Group Ltd., and Wilson Drive Shaft.

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Automotive Camera Cleaning System Market Future Scope with Upcoming Opportunities and Forecast to 2027

According to the report, the global automotive camera cleaning system market is projected to witness major expansion, owing to dirty cameras, which has prompted automakers to adopt camera cleaning systems for externally mounted cameras.

Increased reliance of automotive safety features on cameras and 360o view cameras is anticipated to propel the automotive camera cleaning system market at an exponential growth rate during the forecast period. Moreover, rise in per capita income is anticipated to positively impact the automotive camera cleaning system market, as investment in luxury and leisure is expected to rise, which ultimately increases the demand for premium and luxury vehicles incorporated with advanced safety systems, including automotive camera cleaning systems.

Automotive Camera Cleaning System Market: Dynamics

Rising safety concerns and fatality rate over the last few years is likely to fuel the demand for higher integration of automotive camera cleaning systems in vehicles in order to lower the risk of road accidents, which, in turn, is likely to drive the automotive camera cleaning system during the forecast period.

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Regulations for backup camera implemented in the U.S. are only for light vehicles, and the same regulations are anticipated to be adopted in Europe by 2021, as already proposed by the EU Commission. This, in turn, is anticipated to boost the market for backup cameras and consequently, the market for camera cleaning systems.

Automotive Camera Cleaning System Market: Key Segments

Based on vehicle type, passenger vehicle was a highly attractive segment, and is anticipated to hold a leading share of the automotive camera cleaning system market, owing to the presence of camera cleaning system in a large number of passenger vehicles, while the system is present in a few light commercial vehicles in specific regions.

In terms of application, the parking camera segment accounted for a major share of the market. Mirror camera and CMS camera are anticipated to be high prominent segments of the market owing to the rising integration of side cameras for various ADAS features such as 360 degree view, and blind spot detection system. Night vision cameras and interjection cameras are gaining popularity in Europe, and these segments are expected to expand significantly in the market in Europe.

Based on sales channel, the OEM segment is likely to hold a significant share of the market during forecast period, owing to rising integration of the system in premium vehicles. Furthermore, the segment is likely to expand at a high growth rate during the forecast period, owing to increasing integration of the system in ADAS equipped vehicles. Availability of camera cleaning system as a customized addition is driving the aftermarket segment of the market.

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Automotive Camera Cleaning System Market: Regional Analysis

In terms of region, the global automotive camera cleaning system market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe held a notable share of the global automotive camera cleaning system market, owing to higher production of premium vehicles in the region incorporated with automotive camera cleaning systems.

Furthermore, the adoption and production of technology in Europe is comparatively more, as compared to that in other regions. Several decisions by governments of countries in Europe have hampered businesses in the region. Rise in revised taxes due to Brexit is likely to hamper production and sales of automobiles in Europe, which in turn is estimated to restrain the overall automotive industry. This is likely to hinder the automotive camera cleaning system market in the region.

Automotive Camera Cleaning System Market: Key Players

Prominent players operating in the global automotive camera cleaning system market include Continental AG, Denso Corporation, dlhBOWLES, Ficosa Internacional SA, KAUTEX TEXTRON GMBH & CO. KG, MAGNA ELECTRONICS INC., MS FOSTER & ASSOCIATES, INC., Panasonic Corp., Seeva Technologies, Shenzhen Mingshang Industrial Co., Ltd., Valeo SA, and Waymo.

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Pet Care Market COVID -19 Impact | SWOT Analysis and Opportunities To 2024

The global pet care market is substantiating a sturdy growth with next generation pet tracking and monitoring breakthroughs, such as Whistle 3 for more reliable, faster, and smarter pet care. The wireless and GPS enabled device works remarkably for locating a lost pet and taking charge of the pet’s daily activities and exercise. With phenomenal features such as companion mobile app, accurate location tracking, and waterproof on-collar device of all shapes and sizes, Whistle 3 is currently making the cut in the industry. The advanced pet tracking gadget is a fine illustration of the market’s quantum leap in technology.

The global pet care market report brings to light some of the salient factors and progressions of the industry while presenting two pivotal segmentations. The analysts have segmented the market taking into consideration the major geographical regions. With reference to the different pet types, the market is split into five segments and an exclusive segment which incorporates the not-so-common types of pets.

In respect of the several microeconomic and macroeconomic aspects making a difference in the international pet care market, the report foresees the growth factors and their impact for the forecast period 2016–2024. Interested parties also have access to the present and future market scenario as the study spotlights the prevailing trends and market size until the end of the forecast period. Overall, the report offers an across-the-board analysis of the market to help make knowledgeable business decisions and have a preliminary visibility of the future market.

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Global Pet Care Market: Trends and Prospects

The pet care market is mainly comprised of pet health care and pet food on a worldwide platform. Pet owners are taking to premium food products and creative grooming commodities to care for their domestic pets. This has considerably raised the spending limit of pet owners in the industry, thereby adding to the growth of the global market. As pet owners are accepting their pets as family members due to altering cultural and socioeconomic factors, the market is expected to witness a valuable growth. In addition to the aforementioned drivers, the escalating disposable income of pet owners belonging to the middle income group and rising trend of nuclear family are anticipated to lay a robust foundation for the advancement of the market.

The global pet care market could find some hurdles in its growth path due to strict cultural and government regulations, rising incidence of allergies from pets, and swelling prices of pet care products. Howbeit, the elevating concerns towards pets and surging number of pet owners are envisioned to repair the shortcomings of the market.

Global Pet Care Market: Geographical Evaluation

With the lowest birth rate in the world, China is foretold to boost the global pet care market as the average income population chooses to spend more on their pets rather than having children. However, India tops the Asia Pacific market in terms of healthy growth. Comparative prospects are also expected to be witnessed by North America in the international market.

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Global Pet Care Market: Competitive Landscape Analysis

The competitive landscape of the global pet care market is envisaged to be driven by extended trends and innovations apart from the usual pet care products. Services such as pet day care and pet training are prophesied to influence the market. The report elaborates more on the competitive scenario of the market, taking into account other decisive factors.

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Power Bank Market COVID -19 Impact | Business Outlook 2020 to 2027

According to a new market report published by Transparency Market Research titled “Power Bank Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027,” the global power bank market is expected to reach a value of US$ 15,994.6 Mn by 2027. The market is estimated to expand at a CAGR of 6.5% during the forecast period from 2019 to 2027. Based on volume in units, the market stood at around 376.7 million units in 2018.

In terms of region, Asia Pacific acquired greater share in the power bank market in 2018. Asia Pacific is one of the biggest manufacturing hubs of electronic devices such as Bluetooth speakers, smartphones, iPads, etc. Manufacturers such as Mi-Corporation manufacture several devices such as smartphones and wireless earphones along with the power banks. Presence of such players in the region who provide cost effective products help consumers to demand power banks. India and China are the two prominent countries in the region with huge population. Growth in smartphones has fueled the growth in demand for power banks.

Rise in demand for easy and convenient charging options has helped global manufacturers to innovate with the product and to make lightweight and high charging capacity power banks. The development of smart devices has helped in driving demand for power banks. Innovations by manufacturers have also led to increased demand for the product. However, smartphones having high capacity batteries and efficient chipset in the device is the restraint which can affect the demand for power banks.

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Based on product type, portable power banks dominated the market in 2018 and were valued at US$ 4,152.4 Mn at a CAGR of 6.4%. The dominance of this segment was due to easy to carry power source coupled with wide availability. In terms of power rating, the 5,000 mAh – 12,000 mAh segment dominated the market in 2018 due to more consumer acceptance at an affordable price.

Based on battery type, lithium ion battery dominated the market in 2018 due to its durability and easy availability. By port type, power banks having type C charging port has the highest market share due to wide popularity of Type C charger among manufacturers as well as consumers. Based on application, the smartphone segment dominated the market due to growing demand for smartphones worldwide.

Electric source of charging dominated the market in 2018 due to the more convenient option for charging power banks and easy accessibility to electricity as compared to other segments. By distribution channel, the offline segment dominated the market due to preference of customers to check and compare the products physically. By region, the market in Asia Pacific is forecasted to expand at a high growth rate due to focus on more cost effective solutions. Consumers in China, India, and Thailand prefer buying low cost power banks.

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Prominent players in the power bankmarket include GP Batteries International Ltd, EasyAcc.com, Inc., Maxell Holdings, Ltd., Anker Technology Co. Limited, Braven LC – INCIPIO Technologies, Inc., IEC Technology, LLC, Apacer Technologies, Inc., Panasonic Corporation, Mophie, Inc, RavPower, MiPow Limited, Samsung Electronics Co., Ltd., Goal Zero Corporation, Sony Corporation, and Xtorm.

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Personal Care Appliances Market COVID -19 Impact | Regional Trend, Current and Future Plans by Forecast to 2027

Transparency Market Research delivers key insights on the global personal care appliances market. In terms of revenue, the personal care appliances market is anticipated to expand at a CAGR of ~3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in the personal care appliances market report.

The personal care appliances market report mainly covers products, which are used for personal care and grooming. Personal care appliances are electrical devices used by consumers for grooming and styling, used daily by a person.

In this market report, TMR estimates that based on product, trimmers are likely to be the most widely used personal care appliance by the end of 2027 in the personal care appliances market. Consumers are focusing on their appearance as well as grooming due to the influence of social media and concerns about personal healthcare, which has increased the usage of personal care appliances. The convenient usage of battery-powered devices has benefitted the personal care appliances market, which is anticipated to grow steadily during the forecast period.

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Personal Care Appliances Market: Prominent Regions

Asia Pacific is projected to show prominent growth in the personal care appliances market in the near future, due to increase in spending power and growing awareness about personal care. China and India are considered prominent markets for personal care appliance manufacturers during the forecast period. North America and Europe dominate the personal care appliances market.

Ease of availability and technological advancements are the major reasons for the growth of this market in North America and Europe. Convenience of usage of battery-powered devices, growing awareness about personal care, increasing trends in grooming styles, and rising disposable income are projected to be major driving factors for the personal care appliances market during the forecast period.

Major brands are likely to focus on research & development to strengthen their footprint in the personal care appliances market. They are also focusing on developing and manufacturing technologically advanced products with more functionalities. Companies are engaged in expanding their product portfolio and focusing on expanding their business through online distribution channels. Companies are also working on upgrading their existing products to increase profitability for sustainable growth of their businesses.

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Personal Care Appliances Market: Key Players

Prominent companies operating in the personal care appliances market include Koninklijke Philips N.V., Procter & Gamble, Wahl Clipper, Panasonic Corporation, Conair Corporation, Spectrum Brands, Inc., Groupe SEB, Andis Company, Havells India Ltd., and Helen of Troy.

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