Car Rental Market: Competitive Dynamics & Global Outlook 2024

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.  

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. 

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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.

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. 

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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.

Nonetheless, increasing focus to incorporate eco-friendly, green car rental services is anticipated to fuel the car rental market in the coming few years.

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Contact Lenses Market: Competitive Dynamics & Global Outlook 2027

According to a new market report published by Transparency Market Research titled “Contact lenses Market (Product Type – Soft Lenses (Daily Wear, Extended Wear), Gas Permeable; Design Type – Spherical, Toric, Multifocal, Others; Wear Type – Disposable, Reusable; Distribution Channel – Online (E-commerce Portal, Company Owned Portal), Offline (Exclusive Stores, Multibrand Stores))– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027,” the global contact lenses market was valued at US$ 7.31 Bn in 2017 and is expected to reach US$ 10.75 Bn in terms of revenue by 2027, expanding at a CAGR of 4.3% from 2019 to 2027. In terms of volume, the market stood at around 127,920 Thousand Units in 2017. Asia Pacific is projected to show the fastest growth rate during the forecast period due to the increase in aging population and rising prevalence of myopia.

The increasing demand for contact lenses in the cities of North America is helping to boost the contact lenses market in the region. Factors such as increasing aging population and myopia among early teens are contributing to the growth of the contact lenses market.

By product type, soft contact lenses have the highest growth opportunities as they are cost effective and comfortable after use. Gas permeable contact lenses are recommended for consumers facing dry eye problems as they have more amount of oxygen.

By design type, the toric and multifocal contact lenses segments are expected to rise with new technology, enabling consumers to provide corrections for one or more vision defects.

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By wear type, reusable segment constitutesthe major share in the global contact lenses market. However, demand for disposable contact lenses is increasing to avoid cleaning after each removal.

By distribution channel, the online segment is expected to expand atthe highest CAGR during the forecast period as compared to theoffline segment.

Geographically, in terms of revenue, North America held the largest share in the contact lenses market in 2017. After North America, Europe has the largest share. The Asia Pacific region is estimated to witness the fastest growth during the forecast period, dominated by China, India, and Japan. South America is expected to show slow growth as compared to the other regions of the world.

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The contact lenses market consists of a large number of dominant players. Industry players focus on advance techniques to increase the quality and comfort level of the contact lens user. Bausch & Lomb Incorporated, Alcon (Division of Novartis AG), Johnson & Johnson Vision Care, Inc., CooperVision, Inc., ZEISS International, SEED Co. Ltd, Hoya Vision Care Company, Essilor, Menicon Co. Ltd, and BenQ Materials Corporation are the key companies profiled in the research report. The report also offers competitive landscape of the key players in the contact lenses market.

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Eyewear Market Key Players, Segmentation, Services, Solutions, Trends and Forecast By 2027

As per the recent TMR report, the global eyewear market was valued at US$ 155,652.3 Mn in 2018 and is forecasted to expand at a CAGR of 8.30 % from 2019 to 2027.It is estimated to reach a value of US$ 319,015.5 Mn by 2027.

In terms of geography, the global eyewear market is segmented into five major regions namely North America, Asia Pacific, Europe, South America and the Middle East and Africa. North America currently holds the lead in the global eyewear market. In the near future as well the regional market is anticipated to rise at steady pace. This due to rising disposable income of people in the region. On the basis of segments online segment to report a higher CAGR during the course of the forecast period.  

Change In Fashion Trends To Boost The Growth of Global Eyewear Market 

Ongoing fashion trends of wearing designer eyewear has emerged as one unconventional drivers of the global eyewear market. The trend is mainly because of the changing lifestyle of the consumers owing to the rising disposable income of the consumers. The growing inclination of the consumers of towards branded eyewear products will pave way for the market to capitalize on lucrative prospect.  Siting the trend, the key players of the global market trying to lure the customer with designer and cost effective product launches. While, majority of the companies adopting product branding approach to seek customer attention. 

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Increased Trend In Usage Of Contact Lenses And Sunglasses Will Create New Market Avenue

Contact lenses and sunglasses are the most comfortable daily wear which is expected to trend upward. Easy availability of the contact lenses at reasonable price is accelerating the market growth across the global level.

Increasing Investment By Eyewear Manufacturing Process Will Lead To Technical Advancements And Transition

Owing to the strong presence of multiple prominent eye wear players such as Magrabi, Signature, Fielmann, Luxottica, Safilo. Zeiss International and Essilor International, the degree of competition in the global eyewear market is high. All the players are continuously investing in current market to enhance their market presence. Luxottica and Essilor International agreed upon the investment of US$ 49 Bn merger to build a global eyewear powerhouse with annual revenue of more than US$ 16.5 bn to collaborate on eyewear business with Marcolin.

High level of fragmentation on account of presence of plethora of companies is expected to shape the competitive contours of the global eyewear market, finds Transparency Market Research (TMR). Some of the predominant players present in the global eyewear marker are Bausch & Lomb Inc., Essilor International, Luxottica Group S.p.A., Zeiss International, Marchon Eyewear and Johnson & Johnson Vision Care. Major players in the market are focusing on product innovation and acquisitions along with partnerships to expand their business.  

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Eyewear Market (Product Type - Spectacles (Spectacle Lenses and Spectacle Frames), Contact Lenses (Soft Contact Lenses and Rigid Contact Lenses), and Sunglasses (Polarized Sunglasses and Non-Polarized Sunglasses); Distribution Channel - Online Channel and Offline Channel) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027” 

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Global Homeware Market Size, Share, Development by 2027

The market for homeware is on an upward growth curve and a sturdy growth rate, compounded annually, will be noted over the forecast period of 2019 to 2027, notes Transparency Market Research in its upcoming report. Over this period, new opportunities will emerge and market would reach a higher valuation. One of the most notable factors of growth in the global homeware market would be product innovation, and portfolio expansion.

Global Homeware Market: Competitors Landscape

The global homeware market is marked by presence of a large number of players that operate in its vendor landscape. These make it fragmented as well as competitive. Therefore, it does not come as a surprise that the market is experiencing a number of developments, which are a product of active measures and varied growth strategies that these players are opting for.

Some of the most renowned players in the market are:

• ARC International
• Avon Products
• Conair Corporation
• Inter Ikea Systems
• International Cookware
• Libbey, Lock & Lock
• Pacific Market International
• SEB
• The Oneida Group
• Tupperware Brands Corporation
• Zepter International

Product development holds key to growth. Other strategies that the players resort to include focusing on better design and material, investing efforts towards better marketing, and entering into strategic partnerships. The market has seen bigger players collaborate with regional and local players in order to have a stronger footing.

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Global Homeware Market:  Key Trends and Drivers

Over the assessment period of the upcoming report prepared by Transparency market Research on global homeware market, a slew of trends and drivers will be noted. These will contribute immensely to growth of market. A number of other factors would also support this growth. A glimpse into identified propellants is provided below:

• Elegant home spaces are a significant factor marking the world. And, it is not just limited to owned homes. Even among tenants, demand for elegant and aesthetic furniture, crockery, and accessories is quite high. One of the reasons behind this is improvement in taste and the fact that the new-age consumer is greatly driven by need to satisfy aesthetic appeal. This will drive the market on an upward growth trajectory over the forecast period.
• Increase in disposable income is allowing the modern consumer to decorate his home – owned or rented – in a tasteful manner. The option to rent such furniture and accessories is also paving way for growth in the market. Additionally, the growing trend of creating and maintaining instagrammable homes is also leading to people opting for exquisite refined choices being opted for. This is set to contribute immensely to global homeware market.

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Global Homeware Market:  Regional Analysis

High spending on homeware is noted in North America and Europe. This allows them to lay claim to a large share of the market. Currently, these two regional markets are witnessing high demand for exotic looking and non-harmful products. Players here are highly focused on working out effective marketing strategies, and strengthening retail as distribution channel. It is significant to note here that in Europe, as better homes and more home owners emerge, demand for homeware would grow substantially. It is also worth noting here that there is another market which will pave way to impressive growth opportunities. This is anticipated to be Asia Pacific which will see increase in demand for premium products due to increase in income.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Competitors Analysis of Intimate Wear Market from 2020 to 2026

Intimate wear are undergarments for men and women. Intimate wear are usually appealing undergarments compared to the regular ones. Change in perception of intimate wear from a basic necessity has changed the outlook of people in the last few years.The major factor which is driving the growth of the global intimate wear market is rapidly developing economies with a large number of wealthy buyers present in the developing countries.

Furthermore, various factors such as continuous change in lifestyle patterns, increase in disposable income, increasing urbanization and modernization, and developments in the fashion industry, specifically in apparels, are driving the growth of the global intimate wear market. Increasing number of individuals are opting for luxury weddings in developing countries such as India and China. This is another factor boosting the intimate wear market. Individuals nowadays demand designer patterns and a variety of products in the intimate wear market.

Furthermore, there is a rise in awareness among customers about the importance of intimate wear to provide support to body parts and to keep the body in shape. All the above mentioned factors are expected to contribute to the growth of the intimate wear market during the forecast period. Untapped opportunities in developing countries such as India in the shape wear and swim wear product segment is anticipated to exhibit good growth potential during the forecast period. This is because customers have moved from the concept of just owning basic lingerie such as bra and panty to occasional wear such as swimwear, beachwear, and shape wear.

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The global intimate wear market can be segmented based on gender, age group, price, distribution channel, and geography. On the basis of gender, the global intimate wear market can be divided into men and women. Women intimate wear segment is again sub segmented into lingerie, shape wear, sleep wear, sportswear, swim wear, and maternity wear. Men intimate wear is sub segmented into vests, briefs, regular briefs, boxer briefs, boxer shorts, trunks briefs, and others.

Based on age group, the global intimate wear market can be classified into 13?17 years, 18?35 years, and 36 years & above. On the basis of price, the market is divided into luxury, super-premium, premium, medium, economy, and low. In term of distribution channel, the market can be bifurcated into online and offline.

In terms of geography, the global intimate wear market can be split into North America (U.S., Canada, Mexico, and Rest of North America), Europe (U.K., Germany, France, Italy, and Rest of Europe), Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa), Asia Pacific (India, China, Japan, and Rest of APAC), and South America (Brazil, and Rest of South America). North America and Europe regions are anticipated to be highly attractive for the intimate wear market during the forecast period. Furthermore, Asia Pacific is expected to provide good growth opportunities to the intimate wear market, due to rise in disposable income of individuals in countries such as China and India and in other Southeast Asian countries.

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Major players operating in the intimate wear market include Hanes Brands Inc., L Brand Inc., Berkshire Hathaway Inc., Jockey International Inc., American Eagle Outfitters (Aerie), MAS Holdings, Triumph International Ltd., Ann Summers, Hanky Panky Ltd., PVH Corporation, Marks and Spencer, LVMH, and Chantelle Group. There is intense competition between established players and also due to the presence of small players. Various strategies adopted by players include competitive pricing, product innovation, and launch of stylish products.

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Meal Kit Delivery Services Market to Witness Robust Expansion by 2025

A meal kit is a weekly or monthly subscription service that sends customers recipes and food ingredients to cook their own fresh meal at home. The services which include delivery of pre-cooked meals are known as meal delivery services. In 2007, the first meal kit delivery service started in Europe. This concept quickly became popular and it is estimated to grow at a fast rate during the forecast period. Preparation and cooking of meals on an average takes around 30 minutes to an hour. Dinner meals from these meal kit delivery services cost between US$ 8 and US$12 per person, per meal. 

Most meal kit companies require the customer to subscribe to the service. The subscription for every week includes a predefined number of meals for a specific number of people. The meals sent to the customers are based on their preferences selected at the beginning of the subscription and includes items depending on preference of the customer that is, vegetarian or non-vegetarian.

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The meal kit delivery services market is expected to expand at a good growth rate during the forecast period. Demand for meal kit delivery services is driven by rising urban population, increase in number of working women, and rising number of people in the middle class bracket in developing countries such as China and India. Furthermore, due to improved lifestyle in emerging countries, disposable income of individuals has increased and people tend to buy meal kit subscriptions.

These factors have forced the companies to provide better quality meal kit delivery services on a weekly or monthly basis. Ease of use of service, convenient and faster mode of cooking, less time consuming, consideration of meal preferences (veg, seafood, chicken) are the factors which are also expected to contribute to the growth of the meal kit delivery services market. Factors such as preference for traditional method of cooking, fresh preparation of food items in some parts of the world, and health related concerns might act as a restraint to the growth of the market.

The meal kit delivery services market is segmented on the basis of channel and region. The market is segmented on the basis of channel into online and offline. Offline segment of the meal kit delivery services market is again sub divided into hypermarkets, grocery stores, specialty stores and others. The meal kit delivery services market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America on the basis of region. The North America region is sub segmented into the U.S., Canada, and Rest of North America. Europe region is divided into the U.K., Germany, Italy, France, and Rest of Europe. Asia Pacific region is again sub segmented into China, India, Japan, and the rest.

Some of the key players in the meal kit delivery services market include Blue Apron, Just Add Cooking, Ahold USA, Din, Chef’d, Cooking Simplified, Foodstirs, Gobble, FreshDirect, Green Chef, Green Blender, HelloFresh, Handpick, Home Chef, Hungryroot, Markey Spoon, Munchery, Plated, PeachDish, Saffron Fix, Terra’s Kitchen, Pantry, Sun Basket,Tyson Foods, Martha & Marley Spoon, BurgaBox, Farmhouse Delivery Supper Club, Feastive, The Purple Carrot, Foodstirs, Good Eggs, Kitchen Table, One Potato, and Thai Direct. The recipes which companies offer is one of the main attractive features of the meal kit delivery services market. This feature allows the consumer to try out new dishes every week which they may not have considered earlier to prepare at home. Generally, these meals are healthy and flavorful and take into consideration calorie intake as well. Furthermore, the companies periodically launch exciting offers to promote their meal kit delivery services and adopt innovative marketing strategies to attract consumers. 

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PET Packaging Market Global Outlook 2025 By Leading Countries, Growth Drivers And Major Competitors

PET, also known as polyethylene terephthalate, is a type of polyester. It is expelled or shaped into plastic jugs and boxes for packaging offood and refreshments, personal care items, and several other consumer products.PET is an ethylene glycol polymer and terephthalic corrosive. Pellets of PET pitch are warmed to form afluid, which can be effortlessly expelled into any shape. PET was first incorporated in the U.S. inthe mid-1940s by physicists working in DuPont,who were scanning for polymers that could be utilized to make new material filaments. PET is an exceptionalbundling material,asit is solid yet lightweight, non-receptive, sparing, and shatterproof. PET's security for sustenance, refreshment, individual care, pharmaceutical, and restorative applications has beenperceived by wellbeing experts around the globe.

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The global market for PET packaging has beensegmented on the basis of form, packaging type, pack type, and end-use industry. Based on form, the market has beensegregated into amorphous PET and crystalline PET. The amorphous PET segment held a major market share in 2016 and the trend is anticipated to continue throughout the forecast period. Thesegment is also anticipated to witness rapid growth during the forecast period.Based on packaging type, the global PET packaging market has beensegregated into rigid packaging and flexible packaging.

The rigid packaging segment accounted fora leadingmarket share in 2016 and the trend is projected to continue throughout the forecast period. This segment is also anticipated to witness rapid growth during the forecast period. This is attributableto the rise in demand forPET packaging end-products such as jars andbottles, containers, and trays.Based on pack type, the global market for PET packaging has beendividedinto bottles & jars, bags & pouches, trays, lids/caps & closures, and others.

The bottles & jars segment held a leadingmarket share in 2016 and is projectedto retain its dominanceduring the forecast period.Rising demand for cost-effective and sustainable packaging in end-use industries such as food, beverages, pharmaceutical, and personal care is resulting in the rise indemand for bottles andjarsworldwide.The bottles & jarssegment is also expected to witness rapid growth during the forecast period.

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Based on filling technology, the global market for PET packaging has beendividedinto hot fill, cold fill, aseptic fill, and others. The cold fill technology segment held a major market share in 2016 and is estimated to continueits dominance throughout the forecast period. This is attributableto thecost-effectiveness of this technology.

The hot fill technology segment is projected to witness rapid growth during the forecast period. Based on end-use industry, the global PET packaging market has beensegmentedinto food, beverages, personal care & cosmetics, household products, pharmaceutical, and others.The beveragessegment held a leading market share in 2016 and is expected to continue its dominance throughout the forecast period.The food segment is projected to witness rapid growth during the forecast period, owing to rising demand forpackaged food productsand ready-to-eat food products.

Major factorsdriving the global PET packaging market include rising demand from end-use industries. The food industry is witnessing exponential risein demand forPET packaging.The pharmaceutical industry is also witnessing increased demand, as PET bottles are considered safe for drug packaging. In addition, shifting trend toward eco-friendly materials is positively affecting the global market for PET packaging. However, high fluctuations in raw material prices is a major restraint for the global market for PET packaging. Countries in Asia Pacific and Middle East &Africa are likely to offer growth opportunities to the global PET packaging market.

Major players operating in the global PET packaging market include E. I. Du Pont De Nemours and Company (the U.S.), Amcor Limited (Switzerland), Rexam PLC (the U.K.), Graham Packaging Company (the U.S.), Dunmore Corporation (the U.S.), and Smurfit Kappa Group PLC (Ireland).

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