Digital Retailing Acquires Prominence in Truck-as-a-Service Market

According to the report, the global truck-as-a-service market is projected to surpass US$ 99.2 Bn by 2030, expanding at a CAGR of ~26% during the forecast period. Increased trend of online shopping is a major factor driving the road transportation for delivery of goods, which is likely to boost the truck-as-a-service market across the globe. Moreover, rise in penetration of advanced technologies in commercial vehicles, which helps to enhance the safety of drivers and avoid breakdown of vehicles, is anticipated to boost the truck-as-a-service market across the globe. Investments by various governments across the globe in fast movable consuming goods (FMCG) is likely to offer significant opportunities for truck transportation service providers, which in turn is estimated to boost the truck-as-a-service market.

In addition, rise in adoption of technology in transportation, including next-gen global positioning, helps to track vehicle location. Modern GPS business solutions enable constant two-way communication and boosts transparency between owner and driver, which propels the truck-as-a-service market. A GPS vehicle tracking system is automated and provides real-time updates on a remote device. This helps in quick decision-making, which is likely to augment the truck-as-a-service market across the globe.

Expansion of Truck-as-a-Service Market

The change in trade policies by the Trump Administration, such as withdrawal of trade agreement with South Korea and continuous fluctuation on tariff on import and export to China, is likely to keep the market volatile during the forecast period. Surge in trade volume owing to rising bilateral trade among countries is projected to boost the truck-as-a-service market during the forecast period. China witnessed a surge in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Exports of China to the U.S. further rose by 15.2% year-on-year.

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Based on service type, the truck-as-a-service market has been segmented into digital freight brokerage, platooning, digital retailing, telematics, business analytics, and blockchain. Telematics service is likely to be a highly lucrative segment during the forecast period. This is primarily due to technological developments, including connected vehicle, live traffic updates, and global positioning system, which is likely to propel the truck-as-a-service market across the globe.

In terms of end-use industry, the FMCG segment dominated the market, owing to the rise in low cost goods transportation across the globe. Various governments across the globe are trying to invest in the FMCG segment due to increase in the coronavirus pandemic across the globe. Rise in developments in transportation management system, payment gateway integration, and customer management boost the FMCG segment, which in turn is estimated to propel the truck-as-a-service market across the globe.

Regional Analysis of Truck-as-a-Service Market

In terms of region, the global truck-as-a-service market has been segregated into North America, Europe, East Asia, South Asia, Middle East & Africa, and Latin America. North America dominated the global truck-as-a-service market in 2019. It is anticipated to hold a significant share during the forecast period due to expansion of logistics and warehouse industries, and production plants across North America. Followed by North America, Europe also held a major share of the truck-as-a-service market due to the expansion of the e-Commerce industry and consumer trend toward online shopping, which in turn is likely to boost the truck-as-a-service market across the globe.

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Key Players

Prominent players operating in the truck-as-a-service market include Daimler AG, MAN Trucks, Nikola Corporation, Fleet Advantage, Trimble Transportation Enterprise Solutions Inc., Traton SE, Tata Motors., Scania AB, PACCAR Inc., and Navistar International.

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Inland Waterways Vessels Market: Latest Development, Regional Demand, Top Players Profiling and CAGR Forecast to 2030

 

• According to Organization for Economic Co-operation and Development (OECD), inland waterway vessels are defined as floating craft particularly designed for the carriage of goods and/or public transport of passengers, navigating predominantly in areas where port regulations apply (i.e. navigable inland waterways or in waters within, or closely adjacent to sheltered waters of a country)
• Rise in globalization has significantly boosted the import and export of various products among countries. Therefore, the need for transportation of various consumer goods and/or transport of public from region to region is expected to offer lucrative opportunity for the inland waterways vessels market.

Key Drivers of Inland Waterways Vessels Market

• Rapid expansion of the logistics and shipping industry is likely to propel the global inland waterways vessels market. Rise in trading activities across various industries around the world is likely to increase preference for inland waterways vessels attributed to the benefits offered such as congestion free and reliable transportation. Additionally, ships offer more benefits such as lower emissions, larger cargo loading capacity, and budget-friendly transportation, as compared to trucks and railcars. This, in turn is, expected to boost the global inland waterways vessels market.

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Increase in government support in terms of flexible transportation policies and investments are anticipated to drive the global inland waterways vessels market. For instance, the Norfolk Southern and the state and federal government contributed US$ 74 million and $16 million, respectively, toward the Charlotte Regional Intermodal Facility, NC, U.S. In March 2018, Government of India awarded the port sector of the country US$ 10 billion for the upgrade and maintenance of port facilities to boost inland waterways vessels business across the country.

• Rise in trend of e-commerce and increased use of smartphones is further boosting the global inland waterways vessels market. It takes very little amount of time to purchase a product from a vendor online, and it can be done from the convenience of a mobile phone, without requiring a consumer to be present at the shop physically. A vendor/distributor can comply with orders and ship the required consumer goods using inland waterways vessels. This, in turn, is boosting the global inland waterways vessels market.
• Development of any port land requires considerable investments in terms of amount of funding, availability of land, labor resources, connectivity to roadways, and the most crucial factor, availability of inland waterways. High initial cost of establishing the facility is expected to restrain the global market.

North America and Europe combined are anticipated to dominate Inland Waterways Vessels Market

• In terms of region, the global inland waterways vessels market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa

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• North America and Europe, cumulatively, dominated the global market, due to flexible government policies and a rise in the demand for cargo transport. Moreover, the availability of technologically advanced manufacturing companies catering to global inland waterways vessels market, high government funding, abundant land, and availability of inland waterways in North America and Europe are key factors boosting the market in these regions.

Key Players Operating in Inland Waterways Vessels Market

The global inland waterways vessels market is highly concentrated due to the owing of top manufacturers. A few key players operating in the global inland waterways vessels market are:

• CIWTC (Central Inland Water Transport Corporation Limited)
• CMA CGM Group
• Construction Navale Bordeaux
• Daewoo Shipbuilding & Marine Engineering Company Limited
• Damen Shipyards Group
• EURO-RIJN B.V.
• European Cruise Service
• Hodder Tugboat Co. Ltd
• Hyundai Heavy Industries

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Fogless Mirror Market Opportunities And Investment Overview Growth & Research Finding To 2030

 

• A fogless mirror is one which does not fog up when the user runs the hot water. The fogless mirror is a modern invention that overcomes issues such as fog while bathing and fulfills most requirements by offering an electrically heated mirror that is extremely safe even in a highly wet environment. A fogless mirror has a mirror, a light assembly, and heater elements. The mirror comprises a reflective coating attached to the transparent substrate.

Key Drivers of the Global Fogless Mirror Market

• One of the foremost requirements while tweezing, shaving, or using a face mask is a good quality mirror. Demand for fogless mirrors is growing, especially in commercial areas such as hotels and gyms. Growing expenditure on bathroom vanity products, and increasing disposable income are the main factors projected to drive the fogless mirror market during the forecast years.

Opportunity of the Global Fogless Mirror Market

• Fogless mirrors are used to provide clear reflection at all times. The global fogless mirror market is evolving rapidly in terms of innovation and development. Nowadays, companies equip LED lighting into a fogless mirror which enhances the user’s bathroom experience. The fogless mirror market is anticipated to witness growth owing to the emergence of concept bathroom.

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Market in Asia Pacific to Expand Rapidly

• In terms of geography, the global fogless mirror market can be divided into five regions North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
• North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the fogless mirror market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the fogless mirror market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America fogless mirror market is segmented into Brazil, and Rest of South America.
• North America garnered the largest market share of the fogless mirror market due to extensive adoption of advanced technology. However, the market in Asia Pacific is anticipated to expand at the fastest CAGR during the forecast period. The rising pollution in countries, and introduction of advanced technology is likely to impact the growth of the fogless mirror market in this region. China, India, and Japan are the major markets for fogless mirror in the region.

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Key Players Operating in the Global Market

The fogless mirror market is moderately fragmented due to the presence of various global, regional, and local players. Players are implementing technological advancements and introducing innovative products to gain competitive advantage in the fogless mirror market. Irreplaceable value propositions in product offerings and stable product-development actions are likely to support the growth capability of the market in the coming years.

A few of the key players operating in the global fogless mirror market are:

• Bombay Art Glass
• Electric Mirror, Inc.
• Foshan Sino Hardware Product Co., Ltd
• Henan Jiazhidong Sanitary ware co., Ltd
• New Home Bath & Mirror Inc.
• The Shave Well Company
• ToiletTree Product, Inc.
• WeProFab
• YD Valve Co. Ltd,

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Sanitary Pumps Market Size 2020 Analysis By Industry Statistics, Progression Status, Emerging Demands

 

• Sanitary pumps are pumps used in a wide range of industrial applications for pumping semi-solid and liquid fluids. These pumps are easy to clean and have smooth internal surfaces that prevent bacterial growth and therefore prevents contamination of the product.
• Sanitary pumps are mostly made of stainless steel or corrosion resistant materials. Its sealing material is made of food-grade material, such as nitrile rubber, fluorine rubber, ethylene-propylene rubber, and Teflon.
• Major players across the globe are introducing advanced pumps with unique designs and advanced technology to enhance operational efficiency and to meet the requirements of end-users. This is influencing them to invest in sanitary pumps.

Stringent Government Laws and Regulations.

• Increasing awareness among users about maintaining hygiene in working premises is likely to encourage the sale of sanitary pumps in the coming years. Implementation of stringent laws and regulations of regulatory bodies for maintaining hygienic practices and utilization of sanitary products in the processing sector is likely to gain demand for sanitary pumps. In addition, expansion of the processing sector across the globe with preference for energy efficient products is also a factor driving the growth of the sanitary pumps market.

Increasing Operational Cost: A Key Restraint

• Continuous growth in the cost of raw materials required for manufacturing sanitary pumps is likely to have a negative impact on the pricing of sanitary pumps. Rising cost of maintenance of sanitary pumps and its overall operation is also hindering the growth of the global sanitary pump market. In addition, the presence of alternative solutions may also hamper the growth of the sanitary pump market in the near future.

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Asia Pacific a Potential Market for Sanitary Pumps

• The global sanitary pumps market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
• North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the sanitary pumps market in Europe includes the U.K., Germany, France, and Rest of Europe. Similarly, the market in Asia Pacific comprises India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes GCC, South Africa, and Rest of Middle East & Africa. The sanitary pumps market in South America has been segmented into Brazil and Rest of South America.
• Asia Pacific is expected to remain a potential market for sanitary pumps during the forecast period, owing to a growing processing sector across the region.

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Key Players Operating in the Global Sanitary Pumps Market

The global sanitary pumps market is consolidated in nature, due to presence of a large number of global players. A few of the key players operating in the global sanitary pumps market are:

• Alfa Laval AB
• Ampco Pumps Co.
• Dover Corp.
• FRISTAM Pumpen KG (GmbH & Co.)
• GEA Group Aktiengesellschaft
• IDEX Corp.
• ITT Inc.
• KSB SE & Co. KGaA

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Self-Testing Market 2020 by Key Players, Regions, Type and Application, Forecast to 2030

Self-testing market gained striking momentum from the vast uptake of HIV self-testing (HIVST) around the world. HIVST gathered immense momentum on the back of the demand for potentially cost-effective and rapidly diagnostic capability of the devices. In general, the demand in the self-testing market has been spurred by the increasing focus of healthcare systems to motivate those who would otherwise not undergo any test. Key benefits that attract users include scalability, cost-effectiveness, and apt knowledge about the usage among the health care users.

A wide range of applications in the self-testing market are in fertility self-test, menopause self-test, ovulation self-test, cholesterol and triglycerides tests, and pregnancy self-tests. Pregnancy self-test strips have gained widespread acceptance in developing economies. Another self-testing modality that has gained worldwide popularity is diabetes and glucose self-tests. Major forms in which self-testing are available are kits, strips, and devices.

Self-Testing Market: Competitive Analysis and Key Developments

In the wake of rising COVID-19 pandemic, governments world over are grappling on approaches on improving the SARS-CoV-2 detection rate in the population. Countries with an inadequate healthcare infrastructure are in desperate attempt to fuel testing of the novel Coronavirus in countries to counter the spikes in cases. Even in an emerging economy such as in India, researchers have pinned great hopes on recent developments in self-testing market.  An instance is the prospect of home-based midnasal swab collection. According to a research letter in the Journal JAMA Network Open, this self-testing modality for COVID-19 has comparable efficacy to clinic-based nasopharyngeal swab collection.

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The key motivations spurring interest in this home-based self-testing technology is intense need for reducing the risk to healthcare professionals when the healthcare are already overburdened with Coronavirus-positive patients. This technology, the researchers assert, will boost access to testing, and will prove a boon in controlling the spread of COVID-19.

Some of the promising players in the self-testing market are B. Braun Holding GmbH, Johnson & Johnson, Geratherm Medical AG, Accuquik, Piramal Enterprises, OraSure Technologies, Inc, Nectar Lifesciences Limited, SelfDiagnostics OÜ, and PRIMA Lab SA. Top players are aspiring to spend on research and development of novel diagnostics.

Self-Testing Market: Key Trends

The changing attitudes and perceptions of healthcare workers and caregivers toward acceptance of self-testing modality and home-based tests is a key trend boosting the self-testing market. A striking trend has been positive attitude towards HIV self-testing, reinforcing sales of such technologies. In this regard, the high disease burden especially in less developed parts of the world has mounted the concern for getting vulnerable populations to undergo testing.

The demand for reducing the burden of testing of various chronic diseases with clinical settings is a notable trend boosting the self-testing market. The growing interest in infectious disease specialists has also expanded the avenue for for medical device manufacturers. Rise in uptake of self-testing kits in infections and allergies has also boosted revenue generation for players in the self-testing market.

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Self -Testing Market: Regional Assessment

Some of the potentially lucrative regions in the self-testing market are North America, Asia Pacific excluding Japan, Japan, Western Europe, Eastern Europe, Latin America, the Middle-East and Africa. Of these, North America and Europe are promising markets. The lucrativeness of these regional markets have been reinforced by the rising preference of self-testing for chronic and other diseases, notably for diabetes, allergies, and pregnancy.

On the other hand, Asia Pacific is emerging as a potentially attractive market for manufacturers of self-testing market. The vast penetration of self-testing kits in various populations in the region has imparted a string push to the avenues in the overall market. A large chunk of the opportunities in recent years is found in China and India.

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Pet Grooming Products Market Opportunities, Key Players, Growth, Analysis, Outlook & Forecasts To 2030

Animal lovers and pet owners over the past few years have shown proclivity towards variety of tools and cosmetic formulations used for pet grooming. Focus on wellbeing and health of pets around the world has spurred consumer spending in the pet grooming products market. The pet care industry has seen expanding scope from the growing portfolio of bathing and coat care products for canines, most notably dogs and canines pet grooming, shampoos, and clippers. Shampoo and conditioners, shear and trimming tools, and comb and brush.

Growing number of pet adoptions and increasing trust in such grooming products are expanding the pet grooming products market.

The study offers a detailed assessment of the various growth dynamics in the pet grooming products market, technological advancements brought about by manufacturers, and imminent investment pockets in various regions. The study offers to offers an in-depth quantitative assessment of the opportunities in various key product segments. It further takes a closer look at the competitive landscape in the market.

Pet Grooming Products Market: Competitive Analysis and Key Developments

Over the years, a number of pet food and supply franchise has been gathering steam. In particular, do grooming products have earned a special focus among pet lovers. The trend gathered more steam in recent months of the emerging COVID pandemic, as pet care has been gaining groundswell of interest. Also, the growing numbers of pet franchises that make to the Entrepreneur’s 2020 Franchise 500 list is testimony of the vast revenue potential in the pet grooming products market. Top regional markets are increasing spending on pet-related franchise. Numerous well-known brands have turned to organic in formulating shampoos and conditioners.

Some of the well-entrenched players in the pet grooming products market are World For Pets, 4-Legger, Petco Animal Supplies, Inc., SynergyLabs, Earthbath, Spectrum Brands, Himalaya Herbal Healthcare, and Groomer's Choice.

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Pet Grooming Products Market: Key Trends

Growing awareness about pet care across the world in general has pivoted the demand potential in the pet grooming products market. This is supported by the rising pet care spending in developed countries. The growing availability of such products in the online channels is another key trend boosting the market.

Pet lovers are demanding pet grooming product to prevent companion animals from various skin-related problems. Canines have seen an increased need for such products in recent years, especially dogs and cats. Growing demand for quality pet grooming products in offline channels in developed and also some developing nations is boosting the prospects in the pet grooming products market. Growing popularity of pet grooming shampoos has also stirred generation of lucrative prospects. The growing focus of brands on launching medicated shampoos has also boosted the growth of the pet grooming products market. Further, rising hygiene needs of dogs and cats has also turned pet lovers for such products.

The growing preference of organic formulations in pet grooming products is also bolstering the evolution of the pet grooming products market.

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Pet Grooming Products Market: Regional Analysis

Some of the key regional segments in the pet grooming products market could be North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Of these, North American countries have seen rapidly rising lucrative revenues. The growth of the regional market is bolstered by the strides being made by pet care industry, and hence a constant rise in spending on pet care products. Growing awareness about products and routines among pet lovers to keep their pet disease free and safe has also spurred revenues. Growing number of centers in the U.S. which provide pet grooming services and pet supplies has also cemented the revenue potential of the regional market. 

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Cargo Security Seals Market Size, Share, Development by 2030

The drive for cargo security seals market has stemmed from the rise in transportation of containers. Cargo security seals are used for sealing containers for logistics in wide range of industries. They have been popularized as airline freight seals. Their role in ensuring tamper-evident and fraud protection for cargos has attracted attention of stakeholders. Heavy-duty bolt seals that are ISO compliant are increasingly being utilized. Applications where cargo security seals are used include trailer doors, truck doors, railcar doors, valves, coin bags, totes, inner drum bags, and storage bags.

Some of the typical use cargo security seals are put to help logistics companies pre-assign unique serial numbers. Providers in the cargo security seals market are meeting the needs of customizability of end users, where these need to meet print label requirements. Easy product differentiation and color coding are some of the key roles of cargo security seals. Some of the product types are bolt seals, cable seals, tamper-evident seals, and barcoded seals.

Cargo Security Seals Market: Key Trends

Rapid pace of rise in ecommerce is a key factor underpinning the generation of opportunities in the cargo security seals market. Rise in logistics and transportation in urbanized regions of the world has intensified the need for security seals. The market is also seeing new avenues on the back of technology integration, where real-time tracking is possible. In the face of cargo thefts and adulteration, brands focusing on the originality of products are looking for better solutions to earn customer trust. For instance, cargo containing medical and electronics need high-level security seals. The utilization of cargo security seals for heavy machinery such as mining equipment and oil drums has helped generate substantial avenues for providers of security seals solutions.

Growing concerns of piracy among e-commerce companies serving markets in developing economies have broadened the prospects in the cargo security seals market. The demand has also attained robust momentum from the rising demand for groceries through online retail chains in various cities of the developing world.

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Cargo Security Seals Market: Competitive Analysis and Key Developments

Providers of cargo security seals are leaning on meeting the demand for shipping and logistics industry. They are focusing on ensuring prevention of piracy and tampering of cargo due to unauthorized access. Top player in the cargo security seals market are offering multiple security features to meet the need of cargo security seals. They are also working on improving the visual appeal of seals. Global players are working to expand their product portfolio, especially to meet a variety of demands for government agencies, retail chain, and defense authorities. Several providers and developers of seals technology are also aiming to meet the personalized logistics needs of end users.

The cargo security seals market is highly competitive with players trying to outdo others in terms of unveiling new security technologies. Some of the key stakeholders in the market are:

• Transport Security, Inc.
• W. Grainger, Inc.
• J. Keller & Associates, Inc.
• American Casting Mfg.

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Cargo Security Seals Market: Regional Assessment

Based on geographies, cargo security seals market is witnessing revenues in North America, the Middle East and Africa, Asia Pacific, Latin America, and Asia Pacific. Of these, Asia Pacific has shown immense revenue potential for new opportunities in the cargo security seals market. Strides made by ecommerce industry have been a high undercurrent in the expansion of this regional market. Brands becoming cautions about the concerns of unauthorized access demand solutions with multiple features and real-time tracking. The increasing trend of customization has spurred new prospects in North America market. Advances made in technologies are also boosting the demand in the aforementioned regional market. 

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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