Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market Analysis, Sales Revenue, Business Growth and Forecast 2027

Plug-in hybrid electric vehicle (PHEV) uses an electric motor in addition to an internal combustion engine to obtain power. These vehicles can be externally recharged, which allows them to drive over extended distance. The electric motor used in PHEV helps reduce fuel consumption and produces less pollution.

Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market: Competition Landscape

In 2018, Toyota Motor Corporation announced the launch of Corolla and Levin PHEV passenger cars in 2019. The company is also set to invest in China to boost the production of inverters, batteries, and other electric vehicle technologies. The PHEV variants of Corolla and Levin will be manufactured in China, which would the first overseas production of PHEV vehicles by Toyota Motor Corporation.

Tesla

Founded in 2003, Tesla is headquartered in Palo Alto, California, the U.S. The company is a leading manufacturer of electric vehicles and green energy solutions. The company manufactures PHEV and fully electric vehicles. Tesla is a pioneer in global electrification and a key player operating worldwide.

BMW AG

Founded in 1916, BMW AG is headquartered in Munich, Germany. The company operates through two business verticals: automotive and motorcycle. BMW AG has 31 production plants worldwide and is located in 51 countries. The company offers PHEV models such as X5, Mini Countryman, 330e, and 530e, among others. The company is investing in the development of the electric vehicle technology. BMW AG has targeted to launch 25 electric models by 2025.

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Toyota Motor Corporation

Founded in 1937, Toyota Motor Corporation is headquartered in Toyota City, Japan. The company is a leading manufacturer of vehicles worldwide. The company’s brands include Lexus, Toyota, TRD, Ranz, Daihatsu, and Gazoo Racing.

Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market: Dynamics

Government Incentives Fueling Demand for Plug-in Hybrid Electric Vehicles

Sale of plug-in hybrid electric vehicles is largely influenced by government incentives. The sale of PHEVs has increased substantially is Europe, following the decline in car registration charges for PHEVs and taxes. The China Government is supporting the production of PHEVs by offering subsidies on electric batteries, PHEVs, and battery electric vehicles (BEVs). Other non-monetary benefits, such as access to special driving lanes and free parking have spurred the adoption of PHEVs.

Stringent Emission Norms to Drive Global Market

Automakers are manufacturing plug-in hybrid electric vehicles to meet rising emission standards. The Government of China has directed automakers to include 3%–4% production of electric vehicles in their total production in 2019–2020, thereby boosting the automotive plug-in hybrid electric vehicle (PHEV) market in China. China, India, Mexico, and Brazil are likely to revise their emission norms and reach the EURO 6 equivalent standards. Higher targets for CO2 emission are expected to fuel the adoption of plug-in hybrid electric vehicles and drive the global market.

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Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market: Segmentation

In terms of vehicle type, the global automotive plug-in hybrid electric vehicle (PHEV) market can be segmented into:

• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Based on technology, the global automotive plug-in hybrid electric vehicle (PHEV) market can be divided into:

• Series
• Parallel
• Series-Parallel

The report on the global automotive plug-in hybrid electric vehicle (PHEV) market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.

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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Detox Product Market 2020 Global Size, Share, Industry Growth, Competitive Landscape and Outlook 2027

Detoxification process helps body improve immune system, digestion and helps the body relieve harmful toxins.

And, the global detox product market is set to chart a decent growth over the forecast period of 2019 to 2027. The steady CAGR (Compound Annual Growth Rate) that the market would witness will create worthy growth opportunities for market players to dabble with.

It is being driven ahead by increasing levels of drug addiction and high levels of drinking alcohol and smoking. And education of masses about the adverse effects of these is generating demand for these products.

Global Detox Product Market: Notable Developments

The global detox product market is witnessing numerous developments that are not just significant for players to take note of but also to understand how the market would operate over the coming years. An in-depth dive in can be had in our upcoming report.

In 2018, red tea detox was unveiled and it was a hit as it not just detoxified the body but also helped with weight loss in a major way. This brings us to how significant it is for companies to develop new products and thereby, diversify their portfolios.

The global detox product market is slightly consolidated and moving steadily towards fragmentation and prominent players in the market include Pfizer Inc.; Novartis AG.; West-Ward Pharmaceuticals Corp.; Mallinckrodt PLC.; Biodelivery Sciences International Inc.; Mylan N.V.; Body Ecology, Inc.; Detoxify LLC.; Himalaya Global Holdings Ltd.; The Bioforce Group; and others. Players are focusing on improving their products to keep an edge over competitors.

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Global Detox Product Market: Key Trends and Drivers

Certain factors are shaping the growth curve for global detox product market. They are paving the way for how market would operate over the coming years. A glimpse is shared below.

• The incidence of drug abuse is rising over the world. As per data from the United Nations Office on Drugs and Crime (UNODC), the prevalence of drug use is deep – about 3.4% to 7.0% globally. And governments are scurrying to fix the issue, leading to growth in the detox products markets. As of now, the demand for treatment is particularly high in Western and Central Europe. Here, the maximum patients are from the opioid usage category. There were about 1.5 million of opioid users in the continent in 2013. And, about 700000 of these asked for treatment. The trend is set to continue. Also, cannabis use in Asia stay high, creating opportunities of growth for players in detox market.
• The herbal segment is looking at improved demand, especially the green tea segment. It has numerous health benefits, especially for smokers, who are creating a high demand for the product in the market. Thus, it doesn’t come a surprise that more novel flavours hit the market every now and then.

Global Detox Product Market: Geographical Analysis

North America holds a major share of the market. And, the Unites States plays a big role in helping the region maintain its position of dominance. This is primarily because it is seeing a massive increase in addicts and the government is leaving no stone unturned to improve the situation. And, thus it is running a number of programs that aim at educating and spreading awareness about the adverse effects of substance use and how to fight the menace once someone is caught up in its web.

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However, it might be worth noting here that the region that will demonstrate new growth opportunities is Asia Pacific (APAC). The region is in its worst phase of drug addiction, especially areas such as Punjab in India, etc and would need detox products over the forecast period. 

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Fragrances Market: Key Strategies to Use to Dominate Globally 2020-2027

The rising trend of personal grooming has made way for the entry for exotic and luxury fragrances, which is expected to support rapid growth of the global fragrances market in years to come. In addition, increasing disposable income coupled with propensity to spend on luxury fragrances is expected to open up new avenues of growth for the market in the years to come.

In the recent times, fragrances have come up as an important business segment in the cosmetics and personal care industry. It has become an important product influenced by the growing popularity of personal care.

Product, application, distribution channel, and region are the four key parameters based on which the global fragrances market has been divided. The objective of such segmentation is to offer a clearer, 360-degree view of the market.

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Global Fragrances Market: Notable Developments

One of the developments that provide a peep into the market dynamics of the global fragrances market is mentioned below:

• In March 2019, Subsidiary of Estée Lauder Companies, JO Malone London, has introduced a new set of perfumes in the market. These perfumes have been introduced under the banner ‘Wild Flowers & Weeds’ and come with five different fragrances. These fragrances are Lupin and Patchouli, Nettle and Wild Achillea, Cade and Cedarwood, Hemlock and Bergamot, and Willow and Amber. These new perfumes are expected to grab attention of the perfume lovers through their exotic fragrance.

Some of the key players in the global fragrances market comprise the below-mentioned:

• Natura Cosmticos SA
• Estée Lauder Companies
• Avon Products Inc.
• Elizabeth Arden, Inc.
• Louis Vuitton Moet Hennessy
• L’Oreal Groupe

Global Fragrances Market: Key Trends

The following drivers, restraints, and opportunities characterize global fragrances market over the assessment period, from 2019 to 2027.

Changing Consumer Preferences likely to Shape Contours of the Market

Constantly changing consumer preferences for personal care products is likely to shape the contours of the global fragrances market. Fragrances find extensive use in detergents, toiletries, soaps, household products, and cosmetics. Such varied uses is expected to encourage the growth of the global fragrances market over the period of projection, from 2019 to 2027. The use of fragrances is gaining traction due to increased demand for aromatic products amongst both men and women.

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Manufacturers of fragrances are making every effort to lure both prospective and existing consumers through development of new fragrances for both cosmetic and household products. It is expected that these new products would leave imprints on the minds of people. Furthermore, improved standard of living accelerates the demand for exotic fragrances over the period of projection. Market players are likely to experience augmented demand for natural fragrances, which is likely to drive the global fragrances market in near future. Relentless research in aromatherapy is estimated to result in different types of fragrances, which is likely to spur growth of the global fragrances market in years to come.

Furthermore, online sales channels for various household and personal care products with fragrances are estimated to open up new avenues of growth for the market. Utilization of online sales avenues to sell exotic fragrances is likely to work in favor of the global fragrances market. Several social media blogs and Vlogs about fragrances are further expected to shoot up the demand for fragrances over the projection tenure.

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Ceramic Sanitary Ware Market: Leading Segments and their Growth Drivers 2020-2027

The growth in disposable income in South Asian Countries like India has led to the people to invest more on their residence. This has surged a massive demand for ceramic sanitary ware in the region. Consequently, the global ceramic sanitary ware market is projected to witness a major growth in the coming years between 2019 and 2027. Moreover, the benefits such as long life and higher concern for hygiene are also some of the factors that propels the growth of market from 2019 to 2027. However, the cost of the sanitary ware can hamper the growth of the market but, with technological developments and techniques that can produce these products in comparatively less time and budget shall help the market to regain its momentum during the estimated time-frame.

A report by Transparency Market Research provides 360 degrees analysis of the global ceramic sanitary ware market for the forecast period of 2019 to 20274. The report enlightens the readers with insights on developments, challenges, dynamics, trends, and drivers. The insights from the report can help the readers to make better decisions and have a sustainable future in the global market during the estimated time-frame.

Global Ceramic Sanitary Ware Market: Notable Developments and Competitive Analysis

Owing to the intense competition in the global ceramic sanitary ware market the players are majorly focusing in expanding their operations in various regions across the globe. With this strategies, the players can explore and capture new market and enhance their profit margin.

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For Instance:

• In August 2019, RAK Ceramics, a UAE based ceramic ware manufacturing company established its new showroom in the U.K. This strategy allows the company to enter the U.K. market for ceramic sanitary ware which shall further improves the global status of the company. Moreover, this strategy shall also allow RAK Ceramics to lead the market with wide range of data as of what is trending in the U.K. market for ceramic sanitary ware.
• Apart from directly exploring new regions the players are also adopting the strategies of collaborations and partnerships. These strategies allow the players to have sufficient resources and man power that can help a successful establishment in the prospect regions. Moreover, it also reduces the burden of getting over budget from the shoulders of approaching businesses.
• On the other hand, some of the prominent players of the global ceramic sanitary ware market are acquiring other businesses so as to enter new regions. This help the players to enhance the production capacity and also eliminate the requirement of establishment of manufacturing and distribution units in the new region.

Some of the prominent players of global ceramic sanitary ware market are:

• Roca Group
• Toto Inc.
• Villeroy & Boch
• HSIL Ltd.
• Ideal Standard International S.A.

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Global Ceramic Sanitary Ware Market: Key Drivers

Inclination of Emerging Economies towards Luxurious Sanitary Ware

The economy in some of the developing countries is getting stable these days. This means the people now have higher disposable income that can be used for their luxury. Due to these economic development, the people are now able to afford luxurious house with most of the high-end products. The sanitary ware in these houses are also the reflection of their wealth. Looking at the growth of the disposable income, the sanitary ware manufacturers are developing some of the most luxurious products for kitchens and bathrooms. This is the major result that is boosting the growth of global ceramic sanitary ware market from 2019 to 2027.

Global Ceramic Sanitary Ware Market: Regional Analysis

Geographically, Asia Pacific is anticipated to showcase promising result in global ceramic sanitary ware market. This is because the economic conditions of the region is improving swiftly. People now have higher disposable incomes and can afford more luxurious products than before. Hence, Asia Pacific shall dominate the global ceramic sanitary ware market during the tenure of 2019 to 2027.

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Equestrian Equipment Market: High-growth Regions to Expand Geographic Footprint 2020-2028

The introduction of new materials and technologies in the equine industry may assist the equestrian equipment market to blossom across the forecast period of 2019-2028. Equestrian equipment such as saddle pads, helmets, riding boots, horseshoes, protective vests, and protection boots assure good protection for the jockey as well as the horse. Therefore, the use of equestrian equipment during recreational sports activities and tournaments may accelerate the growth rate of the equestrian equipment market to a great extent. The equestrian equipment is made using diverse materials such as aluminum, fabric, steel, and fabric.

This report offers useful breakthroughs that influence the growth of the equestrian equipment market positively. It also focuses on various parameters such as key trends, competitive structure, regional assessment, etc. The segmental study enables an individual to thoroughly understand the different growth aspects of the equestrian equipment market in a well-ordered manner.

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Equestrian Equipment Market: Competitive Scenario

The manufacturers in the equestrian equipment market invest heavily in research and development activities to create cutting-edge equipment that offer maximum comfort and convenience. The induction of smart technologies in the equestrian equipment has rung a bell among many manufacturers. Therefore, new products with the inculcation of technologies like the Internet of Things (IoT) are expected to make a mark across the market.

Mergers, acquisitions, joint ventures, partnerships, and collaborations also play an important role in attracting growth for the equestrian equipment market. For instance, the American Equestrian Trade Association recently partnered with Dallas Market Center to host the world’s largest equestrian marketplace in the world. Such developments lead to a boost in sales, eventually aiding the equestrian equipment market for exponential growth. HKM Sports Equipment GmbH, Cavallo GmbH, Dainese S.p.A, and Ariat International are some of the well-entrenched players in the equestrian equipment market.

Equestrian Equipment Market: Technological Advancements

The equestrian equipment market is embracing technologies like sensors and the Internet of Things (IoT) for a more secure and efficient horse-racing experience. Novel equestrian equipment equipped with good quality material and cutting-edge technologies are expected to bring great growth opportunities for the equestrian equipment market. For instance, a company, known as Gallop Equine has created a Bluetooth-connected SmartBoot. The boots are made from leather and consist of an inertial measurement unit that helps in movement detection. When the heel moves higher than the toes, the rider is notified through a transducer that softly buzzes around the foot. The use of wearable sensors is also expected to gain traction across the forecast period.

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Equestrian Equipment Market: Key Trends

Initiatives and campaigns by various equine organizations to raise awareness about equestrian equipment may serve as growth generators for the equestrian equipment market. The campaign, ‘Safety Week’ by the British Equestrian Trade Association (BETA) is organized every year to raise awareness about the safety and importance of equestrian equipment.

Fashionable equestrian equipment is also penetrating deep in the equestrian equipment market. Manufacturers are paying attention to design unique equestrian equipment with a tinge of fashion. Equipment with Swaroski elements and stainless steel neck rings are garnering considerable support and are anticipated to gain greatly across the forecast period.

Equestrian Equipment Market: Geographical Landscape

The equestrian equipment market is geographically segmented into North America, the Middle East and Africa, Latin America, Asia Pacific, and Europe. The U.S. has an upper hand in conducting numerous events relating to equestrian sporting. According to the American Horse Council, more than 2 million people from the U.S. engage in the sport annually. The Equine Business Association also foresees the participation of 16 million people across the world. These statistics highlight the growing influence of equestrian sports across the world. Thus, the growing participation will eventually benefit the equestrian equipment market.

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Handheld Drug Detector Market: Factors Helping to Maintain Strong Position Globally 2020-2027

 

• Illicit consumption and distribution of controlled substances such as narcotics (including LSD, heroin, opium, Methaqualone, CBD, and THS) are noteworthy public safety issues in numerous countries worldwide.
• Drug detectors are used to control the synthesizing, possession, or distribution of such drugs. Armed forces, law enforcement agencies, and aviation industry are some of the prominent end-users of drug detectors.
• Drug detectors can be portable or tabletop. Handheld drug detectors have attained significant traction in the past few years owing to their ease of use and mobility.
• Some of the key applications of drug detectors include sample/laboratory drug testing, and presumptive drug testing.
• Increasing incidence of illegal drug trafficking across the globe has raised the demand for advanced handheld drug detecting equipment
• However, relatively higher up-front cost of these devices are likely to hinder the growth of the global handheld drug detector market during the forecast period

Radical growth in drug abuse cases across the globe to drive the demand for handheld drug detectors

• Drug abuse has become a global concern, due to which government agencies across the world have taken several initiatives, which in turn have increased the demand for drug detecting equipment across the globe.

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• For instance, in March 2019, the Customs and Border Patrol agents at the Dallas airport (Fort Worth International Airport) caught a shipment of 49 lbs. of GBL (Gamma-Butyrolactone) using a handheld drug detector.
• Federal agencies and law makers are expected to continue demanding handheld drug detectors that are lighter, more powerful, and provide non-intrusive detection in order to combat the burgeoning tide of controlled substances distribution.

Relatively higher cost, complexity, and maintenance impeding the adoption of handheld drug detectors

• Despite these products designed to be used by professionals, constant improvements in handheld drug detectors are likely to require dedicated training for its optimal operation.
• In addition, unlike conventional drug testing devices, handheld drug detectors require periodic maintenance
• Also, the cost of procurement of these devices is relatively high, which impacts its affordability aspect, particularly for developing/third world nations. Although some manufacturers provide handheld drug detectors at lower cost, the efficiency of the same are suspect.
• The aforementioned factors are thus projected to hinder the growth of the global handheld drug detectors market

North America to Hold Leading Share of the Global Handheld Drug Detector Market

• Geographically, the global handheld drug detector market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

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• Country-level analysis of North America features the U.S., Canada, and Rest of North America. Analysis and forecast of the handheld drug detector 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 handheld drug detector market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The handheld drug detector market in South America is segmented into Brazil, and Rest of South America.
• North America dominated the market in 2018 due to rising prevalence of drug abuse cases resulting in extensive investment by government agencies in procuring highly efficient and optimal drug detection equipment. Apart from North America, Asia Pacific, South America, and the Middle East are also potential consumers of handheld drug detectors.
• The market in Asia Pacific is projected to expand at the fastest CAGR, followed by North America and the Europe during the forecast period.

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Electric Air Fresheners Market: Consumption, Sales, Production, and Other Forecasts 2020-2030

Electric air fresheners are rapidly gaining steam among end users to remove bad odor in the indoor environments in all societies. Air fresheners have been traditionally been used to spread aroma by filling the environment with fragrance. The electric air fresheners market find potential applications in schools, workplaces, housing, hotels, transportation, hospitals, and care facilities.

The growth of the electric air fresheners market precedes the strides being made by air fresheners. Over the years, advances in electric air fresheners relate to improving their functionality and design. Examples are incorporation of LED indicators, smart chips, and sensors. Variation of design by vendors in the electric air fresheners market has helped them cater to the demand for wall mount or freestanding designs of consumers.

Electric Air Fresheners Market: Competitive Analysis and Key Developments

The study on the electric air fresheners market provides a critical assessment of the key dynamics that share the competitive landscape. The report offers a detailed analysis of impact of various product developments and new avenues that will help understand the forces of consolidation and fragmentation. It also takes a closer look at the major strategies adopted by top players to consolidate their positions in the electric air fresheners market.

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Companies manufacturing electric air fresheners are keen on offering better features that help consumers meet varying needs from the use of those devices. A case in point is incorporating adjustable fragrance settings and adding new fragrances infused with essential oils. The electric air fresheners market is seeing a growing number of players promising long-lasting fragrances with the use of their devices. Further, to consolidate their standing in the electric air fresheners market, several players are focusing on making the machines compatible with all refills. Prominent manufacturers in the electric air fresheners market are leveraging e-commerce channels to fuel their sales. They are also engaging in constant research in fragrance and product developments to gain a competitive edge over others. 

Some of the well-entrenched players seeing higher stakes in the electric air fresheners market are Procter & Gamble Co., Church & Dwight Co. Inc, SC Johnson & Son Inc., Kobayashi Pharmaceutical Co. Ltd, Reckitt Benckiser Inc., and Qingdao Anyfeel Electric Co. Ltd.

Electric Air Fresheners Market: Key Trends

High disposal incomes in developing countries around the world is a key trend bolstering the prospects of electric air fresheners market. The demand for electric air fresheners in closed commercial and public spaces has also grown substantially in such regions. Advances in design and functionality in electric air fresheners have attracted a large number of consumers. Rise in demand for electric air fresheners in cars and in closed environments at homes is boosting the electric air fresheners market. The incorporation of natural essential oils is gaining preference among prospective consumers in electric air fresheners market, such as hallways, bathrooms, bedrooms, and kitchens.

However, high cost of operation and maintenance might dampen demand in the electric air fresheners, especially in cost-sensitive markets. Manufacturers are trying new designs and looks to shape the aesthetics of consumers of electric air fresheners. The increasing trend of socialization in developing regions has resulted more guests visiting homes. This has boosted the prospects in the electric air fresheners market.

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Electric Air Fresheners Market: Regional Analysis

Some of the regional markets are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Of these, Asia Pacific has seen market opportunities expanding at rapid pace during the assessment period of 2020 – 2030. North America has also been a lucrative region for various players in the electric air fresheners market. All key regional markets have prospered on the back of the growing popularity of air fresheners in closed environments.

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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