Wednesday, 5 August 2020

Interactive Kiosk Market Latest Trends and Competitive Analysis With Growth Forecast Till 2027

According to a new market report published by Transparency Market Research titled ‘Interactive Kiosk Market (Type: Floor Standing, Wall Mount, and Others; End-use Industry: Retail & Hospitality, Financial Services, Healthcare, Media, Communication & Entertainment, and Government) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027, the global interactive kiosk market is expected to reach US$ 43,697.0 Mn by 2027, expanding at a CAGR of 6.1% from 2019 to 2027. In terms of volume, the global interactive kiosk market is expected to reach 8,140.6 ‘000 units by 2027, expanding at a CAGR of 5.8%. Based on region, the global market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.  

The interactive kiosk market in North America is mature and is the second-largest market globally. North America witnesses a significantly high number of non-cash transactions and this number is increasing owing to a surge in the use of interactive kiosks and ATMs. The U.S. dominates the interactive kiosk market in North America. In the U.S., as per the Diary of Consumer Payment Choice Report 2015 and 2018 by Federal Reserve, the market share of cash transactions have decrease to 30.0% in 2017 whereas share of debit and credit cards have maintained a market share of 45.0-48.0% between 2015 and 2017.

Interactive kiosks have been used for a long time in the U.S. Moreover, the versatility of interactive kiosks has been increasing for the last few years. A significantly high number of ATMs are in use in the U.S. Moreover, penetration of banking services is high in the U.S. According to the FDIC (Federal Deposit Insurance Corporation), survey in 2017: FDIC National Survey of Unbanked and Under banked Households, the share of unbanked households in the U.S. is only 6.5%. ATMs serve a major banking channel for consumers in the U.S. Consequently, the interactive kiosk market in the U.S is expanding.   

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Europe is the third-largest market for interactive kiosk, globally, and it is a mature market. Europe follows North America, in terms of number of non-cash transactions, globally. In Europe, the U.K., Germany, and France are prominent markets for interactive kiosks. The baking industry is mature in Europe, and ATMs are a major banking channel. Rise in card payment and mobile commerce is driving the demand for interactive kiosks. 

China is a prominent market for interactive kiosk in Asia Pacific, followed by Japan and India. In terms of ATM volume, China is a major market and accounts for more than 75.0% share of the global ATM market. India is also a prominent interactive kiosk market and demand for ATMs is increasing in India. In both China and India, rise in millennial population, increase in penetration of digital technologies, and government initiatives for financial inclusion are boosting the number of banking consumers. Consequently, banks are introducing ATMs in order to serve this large pool of new consumers. Japan is a major exception to this trend, as the number of ATMs has declined in Japan, as the cost and maintenance of an ATM in the country is higher than the fee it generates. The number of ATMs is expected to rise in other countries in Asia Pacific also, such as Myanmar, Bangladesh, and Pakistan. 

Middle East Africa (MEA) is a relatively minor market for interactive kiosk globally. However, countries in GCC (Gulf Cooperation Council), such as Saudi Arabia and the UAE, are witnessing an increase in the usage of interactive kiosks owing to a rise in globalization and entry of global retailers in the region. In terms of ATMs, countries in Africa, such as Algeria and Mozambique, are expected to witness expansion. 

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Brazil is a significant market in Latin America. Brazil accounts for a significant share of non-cash transactions across the globe. Rise in consumerism and banking penetration is driving the number of interactive kiosks and ATMs in Brazil.            

 The study provides a conclusive view of the global interactive kiosk market by segmenting it in terms of type and end-use industry. In terms of type, the global interactive kiosk market has been classified into floor standing, wall mount, and others. In terms of end-use industry, the global interactive kiosk market has been segmented into retail & hospitality, financial services, healthcare, media, communication & entertainment, and government.

Consumer Electronics Market Research Along With COVID-19 Impact Analysis, Advancement and Outlook 2022

With a large number of small and large, regional and international, and old and new companies operating in the field of consumer electronics, it should not come as a surprise that the vendor landscape of the global consumer electronics market is highly fragmented and intensely competitive, observes Transparency Market Research in a recent report. So as to stay ahead amid the volatile operating conditions, companies have resorted to finding newer ways of enticing the rising consumer base of young and affluent middle-class people in emerging economies. Focus on marketing their products through e-commerce websites, which are increasingly becoming the most preferred mode of retail shopping in emerging economies, is gaining strength.

According to the report, the global consumer electronics market will rise to a revenue opportunity of US$1,550.34 bn by 2022, registering a CAGR of 4.0% from 2014 to 2022.

As even some of the world’s most renowned consumer electronics brands struggle to keep up with the low costs of the slew of new, innovative product varieties brought in by small and regional companies, focus has also increased on good collaboration opportunities with regional players.

Refinement of current product lines through the incorporation of technological advancements and development of product lines specifically suited to lucrative application areas such as IoT, connected devices, and in-car infotainment are also popular strategies adopted by companies operating in the market. Some of the leading companies in the market are Canon, Inc, Sony Corporation, Samsung Electronics Co. Ltd, Koninklijke Philips N.V., Apple, Inc, LG Corporation, Nikon Corporation, and Panasonic Corporation.

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Asia Pacific to Remain Most Lucrative Regional Market

Of the key product varieties in the market covered in the report, the segment of handheld devices is estimated to account for the dominant revenue share in the market presently. The segment is driven due to the massive surge in uptake of devices such as tablets, laptops, and smartphones on a global front. The sales of smartphones, especially, account for the dominant share and is likely to continue to account for a significant share of the overall market throughout the report’s forecast period.

From a geographical standpoint, the market in Asia Pacific is presently the most lucrative and is expected to remain so over the forecast period as well. Presence of large metropolitan areas and ever-expanding urban population will ensure that the benefits of economic development are reaped to the maximum. This is bound to have a positive impact on the consumer electronics market.

Rapid Pace of Development of Innovative Products to Drive Market

The chief forces working in favor of the global consumer electronics market include the rising convergence of entertainment, communication and information technologies, launch of innovative products, rising awareness about benefits of advanced technologies in enhancing work and daily lives, and increasing household incomes. Globalization of some of the most renowned consumer electronics manufacturers, which is allowing their reach to a larger global audience, is also largely favoring the expansion of the overall consumer electronics market. Consumer electronics represents one of the largest segments in the manufacturing industry, and has huge growth potential, particularly with innovative technologies and in emerging markets.

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The global consumer electronics market observes high demand for new technological advancements and innovative products. Demand for evolutionary versions of existing products and technologies is also high. Demand for innovative audio visual equipment is rising across commercial, residential, and automotive sectors. Moreover, the thriving IoT industry is also providing promising growth avenues to the global consumer electronics market.

Covid-19 Impact on Automotive Aftermarket Size by Product Market to Witness Huge Growth by 2027

Automotive aftermarket products are used as replacement products for parts or components which are manufactured or used for automobiles by original equipment manufacturers (OEMs). Increasing preferences for the replacement products by consumers to improve vehicle performance is a major factor driving the automotive aftermarket size by product growth. Automotive components and systems need to be replaced after several months/ years based on their utility. Major and common replacement components of the automotive industry include tires, windshields, oils, and braking components. Most of these products are available for in the automotive aftermarket.

Increasing demand for vehicles is a key driver of the automotive aftermarket size by product. Significant improvements in the engineering of vehicles such as customization alternatives, diversified paint coatings, accessories, and engines are attributed to rapid technological advancements. This, in turn, is expected to propel the market during the forecast period. High flexibility in vehicle design and production is anticipated to create opportunities in the market. Changing lifestyles and rise in disposable income of customers are expected to increase production and sales of automotive components. Changing trends and easy customizations allow customers to replace original equipment by using products from the aftermarket.

Aftermarket products are lightweight, strong, and available in available in various for customizations. Increasing concern of customers regarding comfort and safety is expected to fuel the adoption or addition of aftermarket products in vehicles. High durability and strength of original equipment is a major restraint for the automotive aftermarket size by product. Difference in quality of the material can also inhibit the automotive aftermarket products.

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The global automotive market size by product can be segmented in terms of application, product, material, sales store/outlet, vehicle type, and region. Based on application, market can be bifurcated into interior products and exterior products. In terms of product, the automotive aftermarket size by product can be segregated into tires, engine components, transmissions, belts, hoses, suspensions, harnesses, batteries, oils, interior components, and others. Based on material, the aftermarket can be classified into plastics, composites, metals & alloys, and others.

In terms sales store/outlet, the automotive aftermarket size by product can be categorized into organized stores and un-organized stores. Based on vehicle type, the market can be divided into passenger vehicles, light commercial vehicles, heavy commercial vehicles, and two-wheelers. Increase in production of passenger vehicles across the globe is expected to drive the passenger vehicles segment of the market during the forecast period. Additionally, rise in per capita income, rapid urbanization, and expansion of the automotive industry in developing countries are driving the demand for passenger vehicles.

In terms of region, the global automotive aftermarket size by product can be split into Europe, North America, Latin America, Middle East & Africa, and Asia Pacific. The market in Europe is estimated to expand at a rapid pace, as the region is a major producer of premium passenger vehicles and several top OEMs are based in Europe. Demand for automotive aftermarket size by product is projected to rise considerably in Asia Pacific, as countries such as India and China are among the top producers of automobiles and are major users, exporters, and importers of vehicles in the region.

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Key players operating in the global automotive aftermarket size by product include Continental AG, 3M Company, Federal Mogul, Delphi Automotive, Robert Bosch GmbH, ASIMCO Technologies Ltd., Denso Corporation, ALCO Filters. Shandong Zhengnuo Group Co. Ltd., and ACDElco.

Cable Clamp Market Global Industry Sales, Supply, Consumption, Analysis and Forecasts to 2027

  • Cable clamps are used as an accessory to secure and bundle wires and cables. The use of cable clamps plays an important role in installation and maintenance of cables as they are used as a cable protection solution. Cable clamps are available in different sizes and structures according to usage. The ability to reopen the clamps makes it valuable and useful in various applications.   

Growth of Construction Sector to Drive the Global Cable Clamps Market

  • Growth of the construction sector is set to increase the demand for cable clamps worldwide. Cable clamps are used for efficient routing and installing the wire and cable of electrical works on building walls. Cable clamps have made tasks simpler and more efficient since wires and cables are easily organized and secured. Cable clamps are available for both light and heavy duty applications. They can be reused, and provide structured wiring and cable systems in various industry sectors. The efficiency and easy usage of cable clamps are the major factors expected to drive the global cable clamps market.

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Rise in network and telecommunications sector for residential, commercial, and industrial facilities to fuel the cable clamps market globally

  • Growth of the network and telecommunications sector is expected to boost the market of cable clamps in the coming years. Cable clamps ensure effective and efficient installation of cables within the network and telecommunications system which are designed to keep the connections strong in harsh industrial environments. Electrical or optical cable in a cabinet remains untangled due to cable clamps. Thus, the growth of the network and telecommunications sector is likely to drive the cable clamps market in the near future.

North America to Lead the Global Cable Clamps Market

  • In terms of region, the global cable clamps market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa.
  • Europe includes the country-level analysis for U.K., Germany, France, and Rest of Europe. North America cable clamps market country-level analysis includes Canada, the U.S., and Rest of North America. The South America cable clamps market is segmented into Brazil, and Rest of South America. Analysis and forecast of the cable clamps market in Asia Pacific features India, China, Japan, and Rest of Asia Pacific. Middle East & Africa covers the market analysis for GCC countries, South Africa, and Rest of Middle East & Africa.
  • The market in North America is likely to witness maximum demand for cable clamps followed by Asia Pacific from 2019 to 2027 due to higher growth of the construction and networking sector.

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Key Manufacturers Operating in the Market

Key manufacturers operating in the global cable clamps market are:

  • 3M
  • ABB Ltd.
  • Arlington Industries, Inc.
  • Garvin Industries
  • Amphenol Corporation
  • Panduit
  • HellermannTyton
  • Orbit Fastener Company Limited

Refurbished and Used Mobile Phones Market Detailed Global Analysis Report by Key Players

The global refurbished and used mobile phones market is gaining traction owing to the rapid growth of the digital content. Smartphone has become an integral part of people’s lives starting from engaging e-commerce, supporting communication to fueling the growth of digitalization. Nowadays, tech-savvy consumers are shifting towards high-end and advanced technological equipment. Such consumers are not willing in spending much time with their new smartphones due to the short upgrade cycle. Thus, a large number of population is showing their interests toward used mobile phones which have their desired features that to in low price. 

An upcoming report on the global refurbished and used mobile phones market by Transparency Market Research promises to be crucial source of information for stakeholders looking to strengthen their foothold in the market. The report would enable them to gain proper insight into the growth drivers and restraints. The exhaustive information in the report would unravel the opportunities and pitfalls in the market. The report runs through multiple standpoints such as trends, competitive landscape, product, application, and regional segments to understand if the global refurbished and used mobile phones market holds out solid promise. 

Global Refurbished and Used Mobile Phones Market: Key Trends 

Rising emerging economies, growing demand for purchasing low-priced products, and increasing adoption of smartphones are believed to be driving the global refurbished and used mobile phones market. Along with these, rising customers dependency on electronic gadgets in developing countries also is expected to fuel demand in the global refurbished and used mobile phones market. Smartphones manufacturers of developing economies are constantly investing in research and development for producing high-end mobile phones in order to meet rapid technological demands from consumers. Such factor is also expected to boost the global refurbished and used mobile phones market. 

Furthermore, rapid urbanization in developing countries, growing mid-price brand division, rising demand for advanced features at low prices are also projected to propel the global refurbished and used mobile phones market. Along with these, rapid implementation of governments’ initiative and regulation about green initiatives and e-waste management is also believed to be further boosting demand in the global refurbished and used mobile phones market. 

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Global Refurbished and Used Mobile Phones Market: Regional Outlook 

With respect to geography, APAC is expected to lead the global refurbished and used mobile phones market as the region has seen rapid infrastructural development. Growing urbanization, burgeoning tech-savvy population, and rapid technological advancements could also be responsible for fueling the refurbished and used mobile phones market in this region. Other prominent regions in the global refurbished and used mobile phones market are the Middle East, Africa, South America, and North America. Rising government regulations in recycling technological products is expected to boost the refurbished and used mobile phones market in these regions. 

Global Refurbished and Used Mobile Phones Market: Competitive Dynamics 

Some of the prominent players operating n the global refurbished and used mobile phones market are Samsung electronics, Redeem UK, FoneGiant.com, NIPPON TELEPHONE INC, and Verizon Communications. The report unravels their market standing, product offerings, geographical outreach, and strategies for progress. It also furnishes information on their sales and revenues and their growth potential.

Lithium-ion Battery Market: Top Companies, Trends and Technology 2020-2027

According to a new market report published by Transparency Market Research on the lithium-ion battery market for the forecast period of 2019–2027, the global lithium-ion battery market is expected to reach ~ US$ 41.5 Bn by 2027, expanding at a CAGR of ~ 9% from 2019 to 2027. In terms of volume, the global lithium-ion battery market is expected to reach 15,764.89 million units by 2027, at a CAGR of ~ 11% during the forecast period of 2019 to 2027. Asia Pacific held a prominent share of the global lithium-ion battery market in 2018.

Lithium-ion batteries power mobile phones, tablets, laptops, wearable devices, power banks, and other consumer electronic devices. Asia Pacific is the largest lithium-ion battery market in the world. The region has the largest consumer electronics and EV market, globally. Demand from these sectors is driving the sales of lithium-ion batteries in the region. In Asia Pacific, the value chain of the lithium-ion battery market is highly developed. Manufacturers in China, Japan, and South Korea, such as LG Chem, Samsung SDI, Panasonic Corporation, and BYD Group, are the dominant players manufacturing lithium-ion batteries for electric vehicles. Governments of China, Japan, and South Korea are investing heavily in lithium-ion battery technologies to maintain their lead.

China leads the lithium-ion market in the region. The large consumer electronics, EVs, and energy storage markets are driving the sale of lithium-ion batteries. Japan is a pioneer in the electronics industry. The Japanese automotive industry is an early adopter of EVs due to scarcity of oil. Rise in the sales of consumer electronic devices and EVs are increasing the demand for lithium-ion batteries. South Korea is a leader in the smartphone industry, and the rise in the sales of smartphones in the country is increasing the demand for lithium-ion batteries.    

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North America has one of the largest consumer electronics and EV markets, and is the second-largest lithium-ion battery market in the world. The North America consumer electronics market was valued at ~ US$ 85 Bn in 2018, and is forecast to reach ~ US$ 108 Bn by 2023, expanding at a CAGR of ~ 6%. The rising consumer electronics market is driving the demand for lithium-ion batteries. Lithium-ion batteries are the heart of EVs. The region has opportunity for growth of EVs, as the penetration of EVs in the U.S., Canada, and Mexico is 2.4%, 2.3%, and 0.1%, respectively. The U.S. is the largest and the most prominent lithium-ion market in North America, followed by Canada.

Lithium-ion batteries are used in various energy storage applications, ranging from small capacity batteries used in residential systems with rooftop photovoltaic arrays to large capacity batteries used in complex energy grid systems. Rise in the demand for energy storage systems in the U.S. is driving the overall demand for lithium-ion batteries in the energy storage market in North America.

Europe is the third-largest market. Rise in the sales of consumer electronic devices and EVs is increasing the demand for lithium-ion batteries. The penetration of EVs in Germany, the U.K., and France is 2.0%, 2.1%, and 2.1%, respectively. Lithium-ion batteries are required to power all consumer electronic devices. The consumer electronics market in Europe was valued at ~ US$ 68 Bn in 2018, and is anticipated to reach US$ 89.5 Bn by 2023, increasing at a CAGR of ~ 7%. The sales of smartphones, tablets, and other consumer electronic devices are increasing the demand for lithium-ion batteries in Europe.

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MEA and South America are the smallest markets among all the regions.

Company profiles of the players operating in the lithium-ion battery market include company overview, major business strategies, and key developments. Companies profiled in the global lithium-ion battery market include BYD Company Limited, A123 Systems LLC, Panasonic Corporation, Samsung SDI Co. Ltd, Amperex Technology Limited (ATL), LG Chem, Ltd., Murata Manufacturing Co. Ltd., Toshiba Corporation, Clarios Power Solutions, and Maxell Holdings, Ltd.

Packaged Coconut Water Market Growth Till 2030

  • Growing awareness about the benefits of drinking coconut water is set to expand the packaged coconut water market. Packaged coconut water is easy to carry compared to a whole tender coconut. It is handy to use during sports events and gym activities. Consumption of coconut water keeps the body hydrated, and it tastes better than normal water and offers health benefits (antioxidant properties and several nutrient contents). The packaged coconut water market is segmented based on product type, packaging type, distribution channel, and region. The rising demand for packaged coconut water is due to its health benefits and rising consumer preference for natural and healthy drinks rather than carbonated drinks.

Increasing Awareness about Health Benefits of Coconut Water to Fuel the Global Packaged Coconut Water Market

  • Rapidly changing retail industry and growing awareness about the health benefits of consuming coconut water is likely to drive the packaged coconut water market worldwide.  Packaged coconut water is essentially consumed as a refreshing drink and it provides various health benefits. Increasing health concerns among people is expected to majorly drive the packaged coconut water market. Nowadays, people are inclined toward organic and natural products. The health benefits and low calorie count have made coconut water the best alternative to high-calorie juices and carbonated beverages. Companies are focusing on product appearance and packaging attractiveness to enhance the product appeal and expand the customer base of packaged coconut water across the globe.  

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Increasing Trend of Flavored Coconut Water to Drive the Global Packaged Coconut Water Market

  • Manufacturers are striving to manufacture packaged coconut water in different flavors. The increasing trend of ready-to-go products and rapid urbanization are major factors boosting the demand for various packaged products that is projected to positively impact the packaged coconut water market.

Asia Pacific to Lead the Global Packaged Coconut Water Market

  • In terms of region, the global packaged coconut water market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa.
  • Europe includes country-level analysis for the U.K., Germany, France, and Rest of Europe. North America includes Canada, the U.S., and Rest of North America. The South America packaged coconut water market can be segregated into Brazil, and Rest of South America. Analysis and forecast of the packaged coconut water market in Asia Pacific features India, China, Japan, and Rest of Asia Pacific. Middle East & Africa covers the packaged coconut water market analysis for GCC countries, South Africa, and Rest of Middle East & Africa.
  • Demand for packaged coconut water is likely to increase significantly in Asia Pacific from 2020 to 2030, followed by North America and Europe, due to growing number of coconut plantations, tourism industry, rapid urbanization, and rising disposable income in the region.

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Leading players of the market are focusing on providing online services to customers of packaged coconut water.

Key Manufacturers Operating in the Market

The global packaged coconut water market is highly fragmented. Key players operating in the global market are:

  • The Coca-Cola Company
  • PepsiCo Inc.
  • Taste Nirvana International Inc.
  • All Market Inc.
  • Amy & Brian Naturals
  • C2O Pure Coconut Water LLC

Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...