Vehicle Roadside Assistance Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2027

Vehicle roadside assistance refers to a service helping the driver of a vehicle during the breakdown of the vehicle. Vehicle roadside assistance solutions provide on-site help to the owners or drivers with basic support. This basic support comprises misplaced or lost keys (lockout service), flat tire support, on-site minor mechanical and electrical repair, fuel delivery service, and battery jump start. It is simply an effort by professionals of the automotive industry to solve minor issues of a vehicle during a breakdown. The global vehicle roadside assistance market is expected to observe rapid growth due to increased production of automobiles all over the world.

Some of the key companies mentioned in the this report on global vehicle roadside assistance market comprise TVS Auto Assist India Limited, Falck A/S, Allianz Global Assistance, Twenty Four OTR Pvt Ltd, Viking Assistance Group AS, Good Sam Enterprise, LLC, ARC Europe SA, and SOS International A/S.

Utilizing extensive research methods, Transparency Market Research presents an all-inclusive study on the global vehicle roadside assistance market, for the period 2019 to 2027. The report estimates that the global vehicle roadside assistance market is likely to register growth at 4% CAGR.

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Europe to Emerge as a Prominent Region over the Forecast Timeframe, from 2019 to2027

The global vehicle roadside assistance market is segmented into the principal regions of North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. Considering region-based segmentation of the global vehicle roadside assistance market, it is likely that Asia Pacific is going to emerge as highly lucrative region during the timeframe of assessment, from 2019 to 2027.

The vehicle roadside assistance market is likely to observe considerable growth in Europe as well. There has a substantial rise in sales and vehicle registrations in Europe. With the increased number of automotives plying on the road, more breakdown could be observed, which is likely to stimulate growth of the Europe vehicle roadside assistance market during the tenure of assessment.

Apart increased sales of vehicles, extremely cold climatic conditions coupled with easy availability of such services on the roads of Europe, it is likely that market will register robust growth in forthcoming years.

Rise in Aging Automotive Stimulates Growth of the Market

A considerable rise in the aging automotive, which is more likely to witness breakdown on the roadways is expected to support growth of the global vehicle roadside assistance market in forthcoming years. Aging vehicles are prone to witness frequent mechanical and electrical problems and are more likely to demand this service. Furthermore, use of an app-driven services leads to quick response and minimization of response period for assistance. Such app-based services are likely to accelerate demand for vehicle roadside assistance solutions.

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Increase in production of vehicles has resulted in road collisions and traffic jams, which has led to increased government effort to offer these services. This factor is likely to support expansion of the size of the global vehicle roadside assistance market in foreseeable future.

The information shared in this review is based on a TMR report, bearing the title, “Vehicle roadside assistance market (Service – Towing, Tire Replacement, Fuel Delivery, Jump Start/Pull Start, Lockout/ Replacement Key Service, Winch, Battery Assistance, and Trip Routing/ Navigational Assistance; Provider – Auto Manufacturer, Motor Insurance, Independent Warranty, and Automotive Clubs; Vehicle – Passenger Vehicle and Commercial Vehicle) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 to 2027”.

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Electric Motorcycle and Scooter Market Report | Opportunity Analysis and Industry Forecast 2027

Electric motorcycles and scooters refers to two or three wheeled plug-in electric vehicles. The electricity that runs the vehicle is stored a rechargeable battery on the board. This rechargeable battery drives one or more electric motors. A surge in the government investment across the globe for the purpose of development of charging infrastructure and offering of incentives to buyer is boost the global electric motorcycle and scooter market. Such initiatives by the government will are likely to encourage original equipment manufacturers to expand their geographical presence.

Fushida, Gamma Technologies, Energica Motor Company S.p.A., Lima Electric Vehicle Co. Ltd., Shandong Incalu Electric Vehicle Co. Ltd., Mahindra & Mahindra Ltd., and Wuxi Yadea Export-Import Co., Ltd. are some of the companies profiled in the global electric motorcycle and scooter market.

Transparency Market Research (TMR) has prepared a study on the global electric motorcycle and scooter market, for the period 2019 to 2027. Expanding at a 7.1% CAGR, the global electric motorcycle and scooter market is estimated to surpass US$ 14.29 Bn through 2027.

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Driven by Large-Scale Manufacturing of Electric Vehicles, China to Lead the Market

In terms of region, the Asia Pacific is estimated to exert dominance over the global electric motorcycle and scooter market. Such regional supremacy of Asia Pacific is primarily due to the large-scale manufacturing, sale, and adoption of these products in China. The country alone has emerged as a leader in the global electric motorcycle and scooter market.

A rise in the emission together with government norms regulating the emissions in the environment is likely to encourage growth of the market in China. In addition to that, Chinese government is also offering subsidies, which has led to a rise in the adoption of these electric vehicles, thereby driving growth of the electric motorcycle and scooter market in the country.

Other major countries in Asia Pacific with growing adoption of two-wheeled electric motor vehicles are Taiwan, Japan, and India.

Low Noise and Rapid Improvement in the Performance to Stoke its Demand

Electric motorcycle and scooters are substantially quieter than existing scooters and motorcycles that run of traditional power systems. These vehicles are so very silent that pedestrians are often caught unaware of their presence on road. As such, the low-noise feature of the vehicle is likely to propel growth of the global electric motorcycle and scooter market. At present, most of the electric motorcycles and scooters are encouraged by operated by rechargeable lithium-ion batteries and sealed with lead acid batteries.

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Growing demand for alternative and clean fuels for various means of transport has emerged as growth factor for the global electric motorcycle and scooter market. These vehicles are quiet and lightweight when compared to vehicles running on traditional fuels.

In addition, the performance of such electric vehicles has witnessed rapid improvement since its inception. The performance is anticipated to improve further with the advancement of technology and its rapid adoption by the electric vehicle industry. Factors such as these are likely to shape the future of the global electric motorcycle and scooter market in the years to come.

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Wheelchair Accessible Vehicle Converter Market Size & Share to See Modest Growth Through 2027

According to the report, the wheelchair accessible vehicle converter market is expected to expand at a CAGR of ~6% during the forecast period, owing to an increase in the demand for mobility among the population with disability. The U.S., Japan, the U.K., Germany, Canada, ANZ, France, and Italy are key countries in the wheelchair accessible vehicle converter market. The global wheelchair accessible vehicle converter market is mature in developed countries and is at the nascent stage in developing countries.

Expansion of Wheelchair Accessible Vehicle Converter Market

Government organizations in the U.S. and Canada, such as United States Department of Veterans Affairs, provide finance assistance to covert/purchase wheelchair accessible vehicles, thereby boosting the wheelchair accessible vehicle converter market. Governments in other countries, such as China, Japan, and a few in Europe, are encouraging mobility of people with disability by investing in wheelchair-friendly infrastructure and offering grants to buy wheelchair accessible vehicle.

Increased demand for mobility among people with disability, globally, along with an increase in employment opportunities and education among them is driving the wheelchair accessible vehicle converter market.

In terms of entry configuration, side entry and rear entry segments hold nearly equal share of the global market. Side entry vehicles are highly preferred in North America, and the high volume sales of wheelchair accessible vehicles in the region contributed to the significant share held by the side entry segment of the global market.

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Rear entry wheelchair accessible vehicles are cost-effective, as compared to side entry ones. Cost of conversion of the vehicle into a side entry accessible vehicle is higher, as the side modification is labor intensive. Rear entry wheelchair accessible vehicles are preferred in Europe, Latin America, Middle East & Africa, and most of Asia Pacific.

Based on mode of entry, the ramps segment held a leading share of the wheelchair accessible converter market. The ramps are available as manual, foldable, and power ramps, and are widely used due to its cost-effective nature and robust design, which enables easy mounting and alighting from the vehicle. The lift mode of entry requires installing the lift into the vehicle body to mount and dismount the wheelchair from the vehicle. Lifts allow more comfortable entry into the vehicle and in limited space. The lift is the new technological advancement in design of the wheelchair accessible vehicle and is anticipated to record high growth during the forecast period.

Regional Analysis of Wheelchair Accessible Vehicle Converter Market

In terms of region, the wheelchair accessible vehicle converter market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America held a prominent share of the global market in 2018. It is anticipated to lead the wheelchair accessible vehicle market during the forecast period, owing to the presence of a large number of wheelchair users in the North America region and active government support to promote mobility demands of people with disability.

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Europe held a significant share of the wheelchair accessible vehicle converter market, owing to high demand in the U.K. and Germany. The wheelchair accessible converter market is matured in developed regions and countries such as North America, Europe, Japan, and ANZ.

Prominent players operating in the wheelchair accessible vehicle converter market include Kirchoff Mobility, Brotherwood Automobility Limited, Braun Corp. of Winamac, Ind., Vantage Mobility International, Freedom Motors USA, Rollx Vans, GM Coachwork Ltd., AMS Vans, LLC, Universal Motions, Allied Mobility, Growings Mobility Group Limited, Sirius Automotive Ltd., Autech Japan, Inc., Savaria, and Tripod Mobility.

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Power Banks Market: Key Players and Production Information Analysis with Forecast 2027

According to a new market report published by Transparency Market Research titled “Power Bank Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027,” the global power bank market is expected to reach a value of US$ 15,994.6 Mn by 2027. The market is estimated to expand at a CAGR of 6.5% during the forecast period from 2019 to 2027. Based on volume in units, the market stood at around 376.7 million units in 2018. In terms of region, Asia Pacific acquired greater share in the power bank market in 2018. Asia Pacific is one of the biggest manufacturing hubs of electronic devices such as Bluetooth speakers, smartphones, iPads, etc.

Manufacturers such as Mi-Corporation manufacture several devices such as smartphones and wireless earphones along with the power banks. Presence of such players in the region who provide cost effective products help consumers to demand power banks. India and China are the two prominent countries in the region with huge population. Growth in smartphones has fueled the growth in demand for power banks.

Rise in demand for easy and convenient charging options has helped global manufacturers to innovate with the product and to make lightweight and high charging capacity power banks. The development of smart devices has helped in driving demand for power banks. Innovations by manufacturers have also led to increased demand for the product. However, smartphones having high capacity batteries and efficient chipset in the device is the restraint which can affect the demand for power banks.

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Based on product type, portable power banks dominated the market in 2018 and were valued at US$ 4,152.4 Mn at a CAGR of 6.4%. The dominance of this segment was due to easy to carry power source coupled with wide availability.

In terms of power rating, the 5,000 mAh – 12,000 mAh segment dominated the market in 2018 due to more consumer acceptance at an affordable price. Based on battery type, lithium ion battery dominated the market in 2018 due to its durability and easy availability. By port type, power banks having type C charging port has the highest market share due to wide popularity of Type C charger among manufacturers as well as consumers.

Based on application, the smartphone segment dominated the market due to growing demand for smartphones worldwide. Electric source of charging dominated the market in 2018 due to the more convenient option for charging power banks and easy accessibility to electricity as compared to other segments.

By distribution channel, the offline segment dominated the market due to preference of customers to check and compare the products physically. By region, the market in Asia Pacific is forecasted to expand at a high growth rate due to focus on more cost effective solutions. Consumers in China, India, and Thailand prefer buying low cost power banks.

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Prominent players in the power bankmarket include GP Batteries International Ltd, EasyAcc.com, Inc., Maxell Holdings, Ltd., Anker Technology Co. Limited, Braven LC – INCIPIO Technologies, Inc., IEC Technology, LLC, Apacer Technologies, Inc., Panasonic Corporation, Mophie, Inc, RavPower, MiPow Limited, Samsung Electronics Co., Ltd., Goal Zero Corporation, Sony Corporation, and Xtorm.

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Nail Care Market Demand, In-depth Analysis And Estimated Forecast Till 2027

According to a new research report published by Transparency Market Research titled ‘Nail Care Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global nail care market is expected to reach a value of US$ 20,940.2 Mn by 2027, expanding at a CAGR of 8.4% from 2019 to 2027. In terms of volume, the market is expected to reach 1,494.2 Mn units by 2027, expanding at a CAGR of approximately 7.0% during the forecast period. Asia Pacific held a prominent share of the global market in 2018.

The market in the region is projected to expand at a rapid pace during the forecast period. According to the report, the global nail care market is expanding significantly, in terms of size and value, due to the expansion of the e-commerce retail market, which in turn is driving the nail care market in the region. This trend is anticipated to be continue during the forecast period. Increasing population of working women and changing male preference toward nail treatment is a key factor driving the global nail care market.

Furthermore, popularity of gel polish has increased in both salons and homes. In particular, gel polish that does not require the use of an LED light is boosting the at-home gel market. Over 10% of women who do their own nails report using gel polish without an LED light, as compared to just 7% of those who use gel polish that requires an LED light. These are major factors that are expected to drive the nail care market during the forecast period.

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Based on product type, the nail color segment accounted for a leading share of the global nail care market in 2018. However, the nail treatment segment is projected to expand at a significant growth rate in the near future, as several nail brands are expanding from polish to the development of treatment products for the feet and hands.

The nail color segment includes liquid nail color, gel nail color, base coat and top coat nail color sub-segments. Under nail color segment, liquid nail color hold the majority of market share while the gel nail color sub-segment is projected to expand at a rapid pace during the forecast period. This is due to continuous launch of new products that contain natural ingredients. These factors are expected to drive the nail care market during the forecast period.

In terms of sales type, the packaged segment accounted for a major share of the market, and expand at a rapid pace, in 2018. It is estimated to maintain its dominant position during the forecast period, as consumers are moving from nail salon to at-home care options. Earlier, premium brands used to be available only at a nail salon. However, the availability of premium brands at home boosts packaged sales in the premium nail polish market.

Asia Pacific accounted for 34.2% share of the global nail care market in 2018, followed by North America and Europe. It is anticipated to maintain its dominance during the forecast period. However, in terms of year-on-year growth, demand for nail care products is projected to rise at a rapid pace in Asia Pacific, followed by South America and Europe.

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Major manufacturers of nail care products are launching entire product ranges for men in response to a rise in demand from the segment. Grooming as a regimen is not restricted to women anymore, and manufacturers are taking note of this and catering to the demand. This is largely driven by the demand from APAC owing to the influence of South Korea-based beauty trends. This has led to the emergence of similar trends in Japan, China, India, Brazil, and Russia.

Manufacturers operating in the global nail care market are facing intense competition. Market players often use price/quality characteristics to position their brands. In order to maintain their position in the market, players are offering free shipping and discounts on nail care products to customers. Key players operating in the global nail care market include American International Industries, Barielle Ltd., California Chemical Specialties, ChromaDurlin (NV Organics), CNC International B.V., OPI Products, Inc., Creative Nail Design, Inc., Delia Cosmetics, Fiabila S.A., IL Cosmetics Group, Kirker Enterprises, Inc., and Polychromatic (Keystone Research & Pharmaceutical Inc.).

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Mattress Market Analysis, Share, Insights, Size, Growth, Trends, Demand Forecast to 2027

The demand within the global mattress market is rising on account of advancements in the residential sector. The need for mattresses in households and hotel is indispensable, and this creates a plethora of opportunities for market growth. Furthermore, use of mattresses is not only related to enhancing the comfort levels of people, but also have an aesthetic dimension to it.

As custom-designed beds make their way into the residential sector, the demand within the mattress market is bound to rise. The use of small mattresses for cushioning of sofas, couches, and other furniture is also a key consideration from the perspective of market growth.

Transparency Market Research (TMR) holds that global mattress market would grow at a sturdy CAGR of 7% over the period between 2019 and 2027. The total value of the global mattress market stood at US$ 37 Bn in 2019, and this figure is expected to reach US$68 by 2027. The demand for mattresses in the residential sector has grown at a robust pace.

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Comfort comes Prior for Consumers

The level of comfort offered by a mattress depends on the type of stuffing used to plump it. The manufacturers are using the best suited materials such as cotton and fur to offer high-quality, comfortable, and durable mattresses. The cumulative demand within the global mattress market is projected to reach new heights in the years to follow. Foam and latex mattresses have especially witnessed a surge in demand in recent times. Moreover, the quest of the market players to offer the most fitting products to the consumers has aided market growth.

The demand within the global mattress market is expected to grow with advancements in several industries including interior planning, designing, and hotel management. The quest of worldwide hospitality chains to offer the highest level of comfort to guests is a key dynamic of market growth. Furthermore, the growing use of social media to write review about stays and experiences at hotels has also put hospitality vendors on their toes.

IKEA Causes Disruption in Global Market

IKEA is a renowned name in the global mattress market, and the company is known for manufacturing comfortable mattresses. The company offers a wide range of king and queen-size mattresses that are designed to ‘serve customer needs.’

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The HYLLESTAD spring mattress by IKEA has become a favourite amongst consumers because of the high level of comfort offered by this mattress type. The resilient and comfortable foam of the mattress binds along the contours of the body to offer premium comfort and rest. The growth of IKEA into a mammoth-sized market vendor has aided market growth. Sleepwell has also emerged as a renowned player in the global mattress market, and is rapidly growing into a preferred brand for consumers.

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Kids Furniture Market Segment By Key Companies, Types & Applications And Forecast To 2027

Transparency Market Research delivers key insights on the global kids furniture market. In terms of revenue, the global kids furniture market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in the kids furniture market report.

Kids furniture is specifically designed for kids according to their requirements and needs. Lightweight and compact size are the main features of kids furniture. Increasing population across the globe and rising disposable income are anticipated to fuel the demand for kids furniture in the near future.

Growing preference for handcrafted local furniture products and emergence of online retailers are also driving the global kids furniture market. According to the Furniture Industry Research Association (FIRA), some rules and regulations need to be followed by manufacturers, which affect the cost of furniture. This is anticipated to influence the kids furniture market growth during the forecast period.

In this report, TMR analyses that the tables and chairs are estimated to be key product segments by the end of 2027 of the kids furniture market. Low cost and numerous varieties are the major factors impacting the kids furniture market. Increasing demand for multifunctional and compact furniture is expected to surge the demand for cribs, mattresses, and other furniture products.

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Growing purchasing power and standard of living of the middle class is increasing this segment’s share of the global kids furniture market. Wood is the most preferred raw material in the furniture market. However, the demand for other raw materials such as metal and plastic is also showing significant growth due to cost effectiveness and sustainable features.

Kids Furniture Market: Prominent Regions

North America and Europe dominated the global kids furniture market, owing to the presence of prominent players and significant demand for kids furniture across regions. High demand from the luxury class category segment in North America and Europe is a key factor for the dominance of the kids furniture market in these regions.

However, increasing demand from emerging countries of Asia Pacific have made it the fastest growing market for kids furniture. Moreover, rising population and urbanization in several countries such as China, Brazil, and India is fueling the demand for kids furniture. The kids furniture market in Middle East & Africa and South America is expected to experience moderate growth. Improvements in living standards and purchasing power of consumers are also expected to support the growth of the kids furniture market during the forecast period.

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Key manufacturers in the kids furniture market are gaining competitive edge by adopting different strategies such as product launches, mergers, and acquisitions. Some manufacturers in the kids furniture market are also expanding through technological advancements in the manufacturing process such as increasing production capacity, so as to meet the growing demand.

Kids Furniture Market: Key Players

The global kids furniture market is highly fragmented. Several major market players have a significant presence across the globe. Key players operating in the global kids furniture market include Ashley Home Stores, Ltd., Bombay Dyeing, Dream On Me Inc., Graco, IKEA, KidKraft, Legaré, Milliard Bedding, Sorelle Furniture, and Summer Infant Inc.

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