Car Rental Market: Verified Value and Volume Forecasts up to 2026

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. 

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.

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.

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

The study presented here is based on a report by Transparency Market Research (TMR) titled “Car Rental Market (Car Type – Luxury Cars, Executive Cars, Economy Cars, SUVs, and MUVS; Category – Local Usage, Airport Transport, and Outstation) – Global Industry Analysis, Trend, Size, Share and Forecast 2014–2024”.

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Hospital Disinfectant Products Market: Top Challenges to Face in 2020-2026

According to a new market report published by Transparency Market Research titled ‘Hospital Disinfectant Products Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,’ the global hospital disinfectant products market was valued at US$ 10,845.74 Mn in 2017.

It is expected to reach US$ 17,192.96 Mn in terms of revenue by 2026, expanding at a CAGR of 5.3% from 2018 to 2026. The market in Asia Pacific is likely to expand at a rapid growth rate during the forecast period from 2018 to 2026, due to increase in prevalence of infectious diseases in countries in Southeast Asia, presence of a large number of distribution channels, and launch of new hospital disinfectant products by major manufacturers.

Factors such as increase in number of hospital-acquired/associated infections (HAI) across regions, increase in the number of minimally invasive surgeries, and rise in need for extensive use of medical instruments are expected to increase the demand for hospital disinfectant products during the forecast period. Apart from this, rise in stringent regulations in the medical sector regarding maintaining hygiene and cleanliness is expected to increase the adoption of hospital disinfectant products during the forecast period.

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In terms of type, the liquid segment is likely to offer significant expansion opportunities as liquid disinfectants are easy to reach surfaces or corners and are long lasting.

In terms of skin care, the hand sanitizer segment is expected to maintain its market share due to increasing implementation of cleanliness and hygiene regulations mandated by state authorities, which is expected to boost the growth of the hospital disinfectant products market across the world during the forecast period 2018 – 2026.

In terms of surface cleaner, floor cleaners and toilet cleaners are expected to be the most attractive segments as compared to other segments during the forecast period. The rise in number of chronic diseases and increase in surgical procedures are expected to boost the use of surface cleaners.

In terms of air cleaner, the air neutralizer segment is expected to expand at a robust pace during the forecast period. Rising concerns related to asthma, respiratory disorders, and allergies due to degrading air quality, and government initiatives to control air pollution are likely to create considerable opportunities for the air neutralizer segment during the forecast period.

The water cleaner products market is expected to expand at a rapid pace during the forecast period. Increase in awareness about water safety and quality, scarcity of potable water resources, and rising health concerns are expected to boost the water cleaner products market.

In terms of disinfectant instrument & accessories, the air purifier segment captured majority share in the market due to rise in indoor air pollution. Water sterilizers hold the second largest share, followed by hand sanitizer dispenser and is expected to maintain their market share during the forecast period.

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In term of surveillance provider, antimicrobial stewardship holds the major share and is expected to maintain its share during the forecast period. In term of CAGR, infection prevention segment is expected to expand at the fastest rate during the forecast period.

Based on region, Europe accounted for a dominant share of the hospital disinfectant products market in 2017. North America also accounted for a prominent share in the market. The market in North America is primarily driven by the rapidly increasing geriatric population and their admission to hospitals, high adoption of surgical treatment in clinics, and the rising incidence of infectious diseases among the population in the U.S.

Prominent market players profiled in the research report include Colgate-Palmolive Company, Contec Inc., Becton, Dickinson And Company, Ecolab Inc., Georgia-Pacific LLC, GOJO Industries, Inc., Henry Schein Inc., Johnson & Johnson, Kimberly-Clark Corporation, Reckitt Benckiser plc., S. C. Johnson & Son, Inc, The Clorox Company, The Procter & Gamble Company, 3M Company, Belimed AG, Getinge AB, SAKURA SI Co. Ltd, Steelco S.p.A., STERIS PLC, Terragene S.A., Tuttnauer, Atlas Medical Software, Baxter International Inc, Premier, Inc., Quantros, Inc., RL Solutions, Truven Health Analytics Inc., VigiLanz Corporation, and Wolters Kluwer N.V.

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Women’s Footwear Market: Top Trends to Look for in 2020-2027

Footwear products have always been a popular product for both women and men. Manufacturers of footwear are always working toward the improvement of both style and comfort so as to attract more consumers. The global women’s footwear market is likely to be driven by the extensive product development and innovation.

Changing trends of fashion has triggered the demand for footwear that are made of sustainable and environment friendly raw materials. The entry of products with new innovative designs has made them lightweight and easy-to-fit, which is likely to propel growth of the global women’s footwear market in the years to come.

Material, sales channel, and region are the three important parameters based on which the global women’s footwear market has been categorized. The sole aim of such segmentation is to offer a clearer and detailed view of the global Women’s Footwear market.

Global Women’s Footwear Market: Notable Developments

One of the developments that offer a glimpse of the market dynamics about the global Women’s Footwear market is mentioned below:

• In December 2018, In December 2018, Michael Kors Holdings Ltd. made an acquisition of luxury fashion house, Versace. The former also changed its name to Capri Holdings.  Following the acquisition of Versace, a leading global fashion luxury is also created and it is expected to diversify the product portfolio of Michael Kors, including women’s footwear and widen the consumer base for its products.

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Some of the prominent organizations in the global women’s footwear market include the below-mentioned:

• Michael Kors Holdings Limited
• Skechers U.S.A., Inc.
• Jack Wolfskin GmbH & Co.
• Wolverine World Wide, Inc.
• The ALDO Group Inc
• Columbia Sportswear Company

Global Women’s Footwear Market: Key Trends

The global women’s footwear market is characterized by the presence of the following restraints, drivers, and opportunities.

New Innovative Designs together With Sustainable Raw Materials Boost Market Growth

New innovative products together with increased developments in products are likely to stimulate growth of the global women’s footwear market. These products are likely to attract more customers, which has compelled the manufacturers to offer more of customized products and expand their product verticals. This factor is predicted to drive the demand for women’s footwear.

A footwear industry, typically, comprised of kids, women, and men. Of these, the global women’s footwear market has witnessed robust growth in the last few years. Women are usually more concerned about how they look, what they wear in public and inside the house. Such increased concern is likely to demand more product diversification and innovation. Besides, celebrity endorsement of several brands play an important role in driving the demand for women’s footwear across the globe.

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Both retailers and manufacturers are constantly making efforts to increase their sales utilizing the potential of m-commerce and e-commerce. Both m-commerce and e-commerce sales channels offer a wide range of products and that too at a much discounted price on several occasions. This factor is likely to drive the sale of women’s footwear through these channels.

Global Women’s Footwear Market: Geographical Analysis

The key regions in the global women’s footwear market are broadly categorized into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Of these regions, Asia Pacific is likely to emerge as one of the leading revenue generating regions due to rise in the disposable income of people and inclination of the women to go with the latest trend in the market. Furthermore, aggressive marketing strategies together with celebrity endorsement is predicted to support growth of the global women’s footwear market in the years to come.

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Coffee Grinder Market: Deep Company Profiling of Leading Players 2020-2028

The global coffee grinder market is pegged to expand at stupendous rate during the forecast period of 2019 to 2028. Increased demand for coffee grinders from all worldwide locations is one of the key reasons stimulating market growth. Coffee grinder is also known as a coffeemaker, which is an electronic cooking appliance that can prepare coffee automatically. The global coffee grinder market is growing on the back of rising demand for personalized products as per the need of end-users.

An upcoming research report from TMR on the coffee grinder market is intended to provide complete study of vital elements supporting or obstructing market growth. Apart from this, the report offers dependable data on various key factors such as volume, share, revenues, key players, and potential growth avenues in the market for coffee grinder. Thus, the report covers all helpful insights of the coffee grinder market for the forecast period of 2019 to 2028.

The global coffee grinder market is segmented on the basis of various key factors such as product type, machine type, price range, end-user industry, and region. Based on machine type, the market for coffee grinder is classified into semi-automatic coffee grinder, fully automatic coffee grinder, and super automatic coffee grinder.

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Global Coffee Grinder Market: Growth Dynamics

Many players in the global coffee grinder market are focused on offering superior quality products. This move is gaining popularity among gamut of end-user industries including hotel, institutional, restaurant, and café. At the same time, the factor of cost-effectiveness is encouraging gamut of people from the world to purchase these coffee grinders for residential purposes as well. All these factors signify that the global coffee grinder market will expand at prodigious rate during forthcoming years.

Global Coffee Grinder Market: Notable Development and Competitive Analysis

The global coffee grinder market is fairly fragmented in nature. Presence of a wide number of international as well as local players suggests that the competitive landscape of the market for coffee grinder is extremely intense. Several enterprises working in the coffee grinder market are pouring efforts to gain the traction of their end-users. To achieve this motive, they are growing research and development activities. Many players offer coffee grinders in a wide range of shapes and sizes. This move helps them to cater to the needs of variety of customers. All these activities are fueling the growth of the global coffee grinder market.

The list of key players in the global coffee grinder market includes:

• KitchenAid
• Baratza
• Capresso
• Coffee
• Cuisinart
• BLACK+DECKER
• Hamilton Beach
• Gourmia, Inc.
• Quiseen

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Global Coffee Grinder Market: Regional Assessment

The global coffee grinder market is spread across seven key regions, namely, Latin America, North America, CIS and Russia, Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East and Africa (MEA). Of them, Europe is one of the dominating regions in the market for coffee grinder. Key reason for this dominance is efforts of vendors working in this market to make their products energy efficient. At the same time, they are making products that help in minimizing GHG (Greenhouse gas) emission. This move is assisting enterprises in the coffee grinder market to comply with the regulations drafted by European Government regarding household appliances. This scenario demonstrates that the market for coffee grinder will show prodigious growth in the upcoming period.

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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Luxury Eyewear Market : Growth Opportunities to Tap into in 2020-2027

The demand within the global luxury eyewear market is rising on account of several key developments in the fashion industry. The use of luxury eyewear amongst youngsters has increased over the past decade. Extensive marketing and promotions have played an integral role in driving sales across the luxury eyewear market. Changing inclinations of the masses, especially in terms of their fashion preferences, has played a vital role in market growth. The market vendors are constantly designing new models to attract the attention of the end-users. The revenue index of the global luxury eyewear market is slated to improve in the years to follow.

A report added by Transparency Market Research (TMR) sheds value on some of the leading drivers of market demand. The global luxury eyewear market can be segmented on the basis of type, end-user, and region. The unprecedented demand for sunglasses amongst youngsters has become a vital prospect of market growth.

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Global Luxury Eyewear Market: Notable Developments

The growth of the luxury eyewear market goes hand in hand with advancements in the clothing and apparel sector.

• The Swiss watchmaker, Omega has ventured into the manufacturing of sunglasses in 2016. The company disrupted the market with its innovative and distinct designs. The company is now looking to develop a new line of sunglasses and optical wear to expand its consumer base. The company intends to sell its product through independent retailers and its brand boutiques. Innovation has become the watchword of the global luxury eyewear.
• A recent agreement between Lanvin and Marchon has sent ripples across the go all luxury eyewear market. The agreement entails the sale of luxury and optical eyewear under Lanvin’s brand name. The two entities are expected to earn voluminous revenues through the new venture. Such collaborations are a sign of integrity and stability across the global luxury eyewear market.

Some of the leading players in the global luxury eyewear market are:

• Prada
• Dior
• Rayban
• Armani

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Global Luxury Eyewear Market: Growth Drivers

Availability of Latest Designs

The availability of the latest designs of eyewear promoted via entertainment channels such as movies and TV series has played a key role in market growth. The presence of a stellar range of options for the consumers shall given an impetus to the growth of the global market. The next decade could be a game changer for the global luxury eyewear market. TV shows and movies have become the primary mode of promotion for sunglasses. Celebrities are quick to set trends with regard to the adoption of sunglasses. This factor, coupled with the availability of polarised pairs of spectacles, has aided market growth.

Use of Social Media Marketing

Fashion accessories are extensively promoted via social media channels. The use of targeted marketing strategies has played to the advantage of the vendors operating in the global luxury eyewear market. Fashion influencers have tied up with major brands for luxury eyewear to promote new products. Owing to the aforementioned factors, the global outreach of the luxury eyewear market is projected to expand. As the trend of wearing sunglasses gathers momentum, the market vendors are earning the advantage of quick adoption of new models. The players have become more customised in their approach to marketing and sales.

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Earphone and Headphone Market | Size, Share, COVID – 19 Outbreak and Forecast to 2027

The period from 2019 to 2027 will witness stellar compound annual growth rate of global earphone and headphone market. This will not only translate into a higher market worth but also into a number of gainful growth opportunities. Players are expected to clamor in order to tap into these. Besides, it is quite significant to note here that varied strategies are being deployed by market players to achieve this goal. Additionally, interplay of numerous trends and drivers are playing a positive role in keeping the global earphone and headphone market. Top ones are technological advancement, focus on better design, and increase in disposable income. More people in the world are now fitness oriented and that demands devices which van work in rainy and dusty environmental conditions.

Global Earphone and Headphone Market: Competitive Landscape

Fragmented vendor landscape of global earphone and headphone market is undergoing significant changes owing to some very proactive measures taken by players in order to lay claim to a larger share of the market. These include merging with players, with whom similar interests lie, entering into partnerships based on mutual synergies, and acquiring smaller promising players in new regions. These measures also help in ensuring growth in the global earphone and headphone market overall.

The global earphone and headphone market has a number of prominent players operating in its landscape. Some of the top names include the following:

• Apple Inc.
• Bose Corporation
• Harman International Industries, Incorporated
• Sony Corporation
• Sennheiser Electronics GmbH & Co. KG
• GN Store Nord A/S
• Skullcandy

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Global Earphone and Headphone Market:  Key Trends and Drivers

Transparency Market Research has identified a host of growth factors, keeping the global earphones and headphone market buoyant. It has detailed these out in a comprehensive manner. These are basically a string of trends and drivers that are impacting the market landscape positively. Prominent ones are provided below:

• Protection from environmental factors such as dust and rain is required in certain industries. Besides, where noise pollution is high, cancellation devices are required. This is driving up demand for earphones and headphones. These are also used in high-end products where background noise is cancelled. Technology such as near field communication is a major booster of growth here.
• Increase in disposable income is creating demand for better and technologically advanced products in the market. And, that is leading players to focus on innovation and ergonomic designing. This, in turn, is leading to higher growth in the market, propelling it on a higher and steadier growth trajectory over the forecast period.

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Global Earphone and Headphone Market:  Regional Analysis

Over the last few years, the Asia Pacific (APAC) region has held a sizeable share of the market and the trend is set to continue into the stated forecast period. The growing penetration of smart phones is a major factor leading to growth in demand. Internet is also making in-roads into some of the very difficult to access regions of the world. Besides, an increase in disposable incomes is also marking the market landscape, allowing people to opt for better earphones and headphones. India is one of the most lucrative markets in the region owing to robust economic growth. It is also quite pertinent to note here that North America is set to be another lucrative market over the forecast period.

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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Intercity Bus Travel Market – Global Industry Growth and Forecast – 2028

The global intercity bus travel market is poised to grow at rapid pace during the forecast period of 2019 to 2028. This growth can be attributed to increased use of intercity buses for travelling by a major population from all across the world. Generally, travelers use the intercity bus services for going from one town to another. Government agencies or private agencies provide these transportation services on profit or no-profit-no-loss basis.

An upcoming research report from TMR on the intercity bus travel market gives bird’s eye view of this market. It offers precise analysis of key elements supporting or hindering market growth. The report offers helpful insights of the intercity bus travel market for the forecast period of 2019 to 2028.

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Global Intercity Bus Travel Market: Growth Dynamics

Major population from all across the world is inclined toward the use of public transport such as intercity bus services. One of the key reasons for this shift in consumer behavior is growing awareness about the environmental-friendliness of this service. In addition to this, the global intercity bus travel market is expected to grow at stupendous rate during upcoming period on the back of the cost-effective nature of the services offered by the players working in this market.

Intercity buses help in producing less carbon dioxide compared to other travelling options. Thus, increased use of these services can help in conservation of environment. These buses do not take a halt at every stop. As a result, travelers can reach to their desired place in minimum possible time. Owing to this feature, there is considerable increase in number of people who prefer travelling through intercity buses. As a result, vendors working in the global intercity bus travel market are gaining remarkable expansion opportunities in worldwide locations.

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Global Intercity Bus Travel Market: Competitive Analysis

The global intercity bus travel market is fairly fragmented in nature. Presence of considerable number of players connotes that the competitive landscape of the market for intercity bus travel is highly intense. Vendors working in intercity bus travel market are using diverse strategies to gain the leading position. Several players are focused on improving their services. For his purpose, they are incorporating advanced features in their travel systems. A case in point here is announcement by Greyhound Lines. In its announcement, the firm stated that it has rolled out digital timetables at the terminals of around 50 cities in North America. This move will boost the growth of intercity bus travel market in region.

The list of key players in the global intercity bus travel market includes:

• Green Tortoise
• Central Greyhound Lines
• LimoLiner
• Academy Bus
• Flixbus
• Onebus

Global Intercity Bus Travel Market: Regional Assessment

The global intercity bus travel market is spread across five key regions, namely, North America, Europe, Latin America, Asia Pacific, and Middle East and Africa. Of them, Asia Pacific is one of the leading regions of the market for intercity bus travel. Intercity bus services are available in rural areas of this region. Moreover, these services play a key role in maintaining and advancing the rural public transit systems. This factor will drive the growth of the intercity bus travel market as the major population in developing countries such as India is living in rural area. Apart from this, the market is expected to gather considerable revenues in Europe and North America.

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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