Digital Freight Brokerage Market Demand, Growth Factors, Regional Trends, Future Plans and Outlook

Transparency Market Research delivers key insights on the global digital freight brokerage market. In terms of revenue, the global digital freight brokerage market was valued at over US$ 1.3 Bn in 2019 and is expected to expand at a CAGR of ~33% from 2020 to 2030, to reach US$ 26 Bn by the end of the forecast period, owing to numerous factors regarding which, TMR offers thorough insights and forecasts in its report on the global digital freight brokerage market.

The global digital freight brokerage market is broadly affected by several factors, including increasing adoption of smartphones and mobile applications to fuel the efficiency of operations. Thus, expanding applications of digital freight brokerage in different sectors is propelling the global market for digital freight brokerage.

Digital Freight Brokerage Market: Dynamics

The increasing adoption of smartphones and mobile applications among shippers and carriers to match their services and needs is a growing trend. The proliferation of smartphones and tablets makes this process much more efficient by letting shippers find carriers on demand and offers price transparency. Most of the players in the market act as mobile-based freight brokers who provide a mobile platform, where shippers and carriers can interact directly.

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Value-added services provided on mobile platforms by market players are responsible for shippers and carriers opting for digital solutions. Shippers can monitor their shipment in real-time with an online freight application. It also provides the delivery photo, along with a signed invoice for landing. It helps in managing the paperwork of the delivery process with real-time tracking of the shipments. Solution providers are offering advanced freight brokerage solutions to simplify the freight management process with records of shipments. Therefore, increasing adoption of smartphones and mobile applications to enhance the efficiency of operations is expected to drive the demand for digital freight brokerage solutions during the forecast period.

Digital Freight Brokerage Market: Prominent Regions

The digital freight brokerage market in North America is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and growth of consumer spending in logistics and transportation solutions in the region. The digital freight brokerage market in Europe is projected to witness favorable growth during the forecast period, due to significant rise in commercial investment in digital freight brokerage and increasing number of digital freight brokerage solution providers in major countries such as the U.K. and Germany. The Asia Pacific digital freight brokerage market is anticipated to expand at the fastest rate during the forecast period, owing to the presence of a large number of players in the digital freight brokerage sector and increasing adoption of digital freight brokerage among logistics and transportation businesses.

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Digital Freight Brokerage Market: Key Players

Key players operating in the global digital freight brokerage market include C.H. Robinson, Cargocentric Inc., CEVA Logistics, Convoy, Coyote Logistics, LLC, DAT Solutions, LLC, DB Schenker Logistics, DHL International GmbH, Echo Global Logistics, Cargomatic Inc., J.B. Hunt Transport, Inc., Kintetsu World Express, Kuehne + Nagel International AG, Loadsmart Inc., Panalpina World Transport (Holding) Ltd., TGMatrix Limited., Transfix, Trucker Path Inc., Truckstop.com, Uber Freight, and uShip Inc.

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Personality Assessment Solutions for Training and Development Market: Competitive Landscape, Future Plans, Opportunities and Comprehensive Research Study Till 2030

Transparency Market Research delivers key insights on the global personality assessment solutions for training and development market. In terms of revenue, the global personality assessment solutions for training and development market is estimated to expand at a CAGR of ~15% during the forecast period of 2020-2030, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global personality assessment solutions for training and development market.

The global personality assessment solutions for training and development market is broadly affected by several factors that include convergence of strategies and technologies with traditional business processes, increasing usage of learning systems, and executive development interventions around the globe, which is gradually enhancing the demand for personality assessment solutions for training and development. This is accelerating the growth of the personality assessment solutions for training and development market across the world. The report analyzes the global personality assessment solutions for training and development market and provides estimates in terms of revenue (US$ Mn) from 2018 to 2030.

Key Growth Drivers of Personality Assessment Solutions for Training and Development Market

Proliferation of SaaS-based Solutions: Training and development courses are made available to students to prepare them for the academic as well as the professional sector. This driver is expected to have high impact in the short-term and mid-term and moderate impact in the long-term. Cloud-based deployment of personality assessment solutions have been gaining popularity for the past few years. This is primarily due to the development of cloud infrastructure that has enabled easy availability of cloud storage, along with affordable pricing. An analysis of on-going trends suggests a shift toward the adoption of SaaS-based personality assessment solutions.

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The high cost of hardware, software, and data center operations are divided among customers by the vendor in the SaaS-based model, thus allowing customers to avail top of the line infrastructure at a fraction of the initial cost. SaaS technology helps consolidate various HRM solutions under one single package. Furthermore, cloud technology helps organizations reach and find the best talent and hire the right people, and reduce time to hire talent. Moreover, a cloud-based personality assessment portfolio improves the retention of employees and reduces turnover cost, thereby enhancing the performance and employee engagement of the organization.

Key Challenges Faced by Personality Assessment Solutions for Training and Development Market Players

Cost associated with personality assessment solutions may restrain the growth of the personality assessment solutions for training and development market, as assessment solutions involve higher administration and maintenance cost. This can hamper the growth of the personality assessment solutions for training and development market.

Personality Assessment Solutions for Training and Development Market: Prominent Regions

In terms of region, the global personality assessment solutions for training and development market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is a developed region and hence, innovation and new technologies are expected to be trends witnessed in the region over the next few years. North America held a significant share of the global personality assessment solutions for training and development market in 2019. The U.S. is estimated to hold a notable share of the personality assessment solutions for training and development market in North America and the market in the country is projected to expand at a CAGR of 14.2% during the forecast period. Furthermore, Europe is projected to witness the highest opportunity addition in the market globally, with Asia Pacific being the next closest regions.

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The personality assessment solutions for training and development market in Europe is projected to witness high growth during the forecast period, due to increasing awareness of personality assessment solutions for training and development with evolving assessment techniques related to management, entrepreneurship, and emotional intelligence across disciplines and systems in organizations and enterprises. The Europe personality assessment solutions for training and development market generated revenue of US$ 1,130 Mn in 2020 and is expected to reach US$ 4,549.6 Mn by 2030 at a CAGR of 14.9% during the forecast period. The market in Asia Pacific is expected to experience substantial growth during the forecast period. This is mainly due to the adoption of personality assessment solutions for training and development in Japan, Australia, China, India, South Korea, etc.

The report provides in-depth segment analysis of the global personality assessment solutions for training and development market, thereby providing valuable insights at macro as well as micro levels. The analysis of major countries, which hold growth opportunities or account for significant share, has also been included as part of geographic analysis of the personality assessment solutions for training and development market.

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Self Tanning Products Market 2020 Global Size, Share, Industry Growth, Competitive Landscape and Outlook 2030

Transparency Market Research delivers key insights on the global self-tanning products market. In terms of revenue, the global self-tanning products 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 global self-tanning products market report.

In terms of type, the self-tanning products market has been segmented into facial self-tanners and body self-tanners. During the forecast period, the market is anticipated to be dominated by the body self-tanning products segment. In the report, based on form, the self-tanning products market has been segmented into gel, lotion, spray, oil, cream, and others.

Based on ingredient, the self-tanning products market has been bifurcated into natural and organic. The natural segment is anticipated to expand at a significant growth rate during the forecast period.

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In terms of gender, the self-tanning products market has been categorized into male, female, and unisex. The unisex segment is anticipated to expand at a higher pace. In terms of distribution channel, the self-tanning products market has been divided into online and offline. During the forecast period, the online distribution channel is anticipated to expand at a rapid pace. Asia Pacific has seen a surge in adoption of e-Commerce platforms, which in turn has increased online retail sales of self-tanning products.

Self-tanning Products Market: Prominent Regions

Geographically, Europe led the self-tanning products market in 2019 and the region is expected to retain its dominance during the forecast period. The U.K. and France are considered the major markets for self-tanning products in Europe. In addition, North America and APAC are also projected to offer promising growth opportunities for the self-tanning products market. Apart from Asia Pacific, South American provinces also significantly contribute to the overall growth of the global self-tanning products market.

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Self-tanning Products Market: Key Players

The competition landscape of the self-tanning products market is highly fragmented with leading players accounting for nearly 25% of the revenue share. Key players operating in the global self-tanning products market include Avon Products, Inc., Beiersdorf AG, Christian Dior SE, St. Tropez Inc, Kao Corporation, L’Oréal S.A., Shiseido Co., Ltd., Coola LLC, Banana Boat, and Tantowel Inc.

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Industrial Hose Market: Key Strategies to Use to Dominate Globally 2020-2030

Transparency Market Research delivers key insights on the global industrial hose market. In terms of revenue, the global industrial hose market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global industrial hose market report.

In this market report, TMR predicts the rising vehicle production and growth of the industrial sector across the globe to have a noteworthy impact on the overall industrial hose market. Modernization in agricultural activity is anticipated to propel the sale of industrial hoses in the Asia Pacific region. Depending on the farm operation, companies are offering different hoses, which are more suited to the task. Furthermore, demand for cost effective and flexible ways of getting water into the farm is the primary requirement of farmers, and industrial hoses are bridging this gap, which is driving their demand.

In terms of type, the industrial hose market has been segmented into hydraulic industrial hose, pneumatic industrial hose, and others. During the forecast period, the market is anticipated to be dominated by the hydraulic industrial hose segment. In the report, based on material, the industrial hose market has been segmented into rubber, PVC, silicone, polyurethane, and others.

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Based on pressure, the industrial hose market has been segmented into high pressure, mid pressure, and low pressure. The high pressure segment is anticipated to expand at a significant growth rate during the forecast timeline.

Based on media, the industrial hose market has been categorized into oil, water, gases, steam & hot water, chemicals, food & beverages, abrasives, and others. The oil media segment is anticipated to expand at a higher pace. In terms of end user, the industrial hose market has been divided into automotive, construction, chemicals, oil & gas, food & beverages, pharmaceuticals, water & wastewater treatment, agriculture, marine, mining, and others. During the forecast period, the chemicals end user is anticipated to dominate the market. Asia Pacific has seen a surge in adoption of e-Commerce among consumers, which in turn has increased online retail sales of industrial hose.

Industrial Hose Market: Prominent Regions

Geographically, Asia Pacific led the industrial hose market in 2019 and the region is expected to retain its dominance during the forecast period. China and India are considered the major markets for industrial hoses in the Asia Pacific region, although North America and Europe have been dominating the industrial hose market. Apart from Asia Pacific, African provinces also significantly contribute to the growth of the global industrial hose market.

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Industrial Hose Market: Key Players

The competition landscape of the industrial hose market is highly fragmented with leading players accounting for nearly 25% of the revenue share. Key players operating in the global industrial hose market include ContiTech AG, Eaton Corp. Plc, Merlett Tecnoplastic S.p.A., The Yokohama Rubber Co., Ltd, Parker-Hannifin Corp., and Colex International Ltd.

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Truck Rental Market: Leading Segments and their Growth Drivers 2020-2030

The global truck rental market is estimated to expand at a CAGR of ~10% and reach US$ 204.2 Bn by 2030, driven by preference for rental model over purchase. The global truck rental market is expected to expand exponentially during the forecast period. Developed regions such as North America and Europe account for notable share of the global truck rental market. China and ASEAN countries are likely to witness significant increase in adoption of truck rental services.

Expansion of Truck Rental Market

The increased participation of small transport companies with low capital has boosted the truck rental market. Truck rental is an effective mode of using trucks without having to pay high cost associated with their purchase. Truck rental enables a company to save its investment in assets and pool its revenue in other business operations. Truck rental is an attractive option as compared to direct purchase, as a majority of transportation companies operating worldwide are small to medium in size. The rise in urbanization and trade volume has fueled transport volumes.

Moreover, rapid expansion of the e-Commerce market across the globe propels the demand for trucks, which, in turn, is anticipated to drive the truck rental market. The increased trend of online shopping is a major factor driving road transportation for delivery of goods, which is likely to boost the truck rental market across the globe. Truck rental is expected to gain significant popularity, as major automakers, including Volvo, PACAAR, and Daimler have started offering truck rental services.

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Leading Segments of Truck Rental Market

Based on lease type, the full service rental segment held a leading share of the truck rental market in 2019. Full service lease includes maintenance cost, and sometimes even drive support and fuel cost. Full service/rental is convenient for smaller transportation companies, and is thus, gaining high demand in the global market. In terms of truck type, the medium duty trucks segment held a dominant share of the truck rental market in 2019, owing to their extensive application in numerous industries, such as FMCG and food & beverages, and wide usage in last mile deliveries.

Regional Analysis of Truck Rental Market

The global Truck rental market has been segregated into North America, Europe, East Asia, South APAC, Middle East & Africa, and Latin America. North America, Europe, and Asia Pacific together held a prominent share of the global truck rental market. North America held a major share due to high adoption of truck rental in transportation companies and shippers, and availability of high number of truck rental providers in the region.

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Truck Rental Market Players

Prominent players operating in the global truck rental market include Daimler AG, PACCAR Leasing Company, Ryder System Inc., MAX Rental.lu AG, The Larson Group, Europcar, SIXT, Fetch Truck Rental, Imperial Truck Rental, Element Fleet Management Corp., U-Hual International Inc., Budget Truck Rental LLC, and Enterprise Holdings Inc.

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Instrumentation Fittings Market: High-growth Regions to Expand Geographic Footprint 2020-2025

Although the instrumentation fittings market has been around for quite some time, feeding its stockholders profitably, those players who are catering to the automation demands of the manufacturing and oil and gas industries are gaining an edge over the competition, according to the lead analyst of a recent business intelligence study by Transparency Market Research (TMR).

The TMR report has detected that the vendors landscape of the global instrumentation fittings market is largely consolidated within a small pool of players, such as PARKER HANNIFIN CORP, Circor International, Swagelok Company, AS-Schneider, HAM-LET GROUP, HOKE, ASTEC VALVES & FITTINGS, Bray International, Fujikin of America, Inc., Hy-Lok USA, Inc., World Wide Fittings, Inc., Vesbo Asia Pte Ltd., Allied International S.R.L, and BMT Superlok Asia Pte Ltd.

If the projections of the TMR report are to be believed, the demand in the global instrumentation fittings market will expand at the CAGR of 4.9% during the forecast period of 2017 to 2025. The analysts have evaluated that the global instrumentation fittings market produced opportunities worth US$1,652.2 mn in 2017 and have estimated the valuation of the market to go up to US$2,417.2 mn by the end of 2025. In terms of volume, there was a demand for 123.1 mn units of instrumentation fittings in 2017 and increasing at a CAGR of 3.6% during the said forecast period, the demand volume is anticipated to reach 163.4 mn units.

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Vendors Improving Product Portfolio as per Evolving Requirements

As for the market leaders to maintain their stronghold over the instrumentation fittings market, enhancement of their portfolio with quality products that are cost effective at the same time is expected to be the primary strategy. For instance, HAM-LET Group offers a wide range of let-lock tube fittings with double ferrule, one-lock tube fittings with single ferrule, dielectric fitting, pipe fittings, and flare fittings. On the other hand, PARKER HANNIFIN boasts of its strong and diverse product portfolio including A-lock fittings, CPI fittings, instrument pipe and ISO conversion fittings, phastite, welded fittings, ultraseal fittings, and tube fabricating equipment. All these newly designed products are in accordance to the changing demands of manufacturing industries.

Based on fitting type, the report segments the instrumentation fittings market into tube and pipe. While the tube segment has been further sub-segmented into compression, butt weld, cone and thread, swivel, and push-to-connect, the pipe segment has been further bifurcated into elbow, straight, and tee and cross. The report gauges the demand for instrumentation fittings that can be expected from the end-use industries of oil and gas, manufacturing, food and beverage, power, and chemicals.

Geographically, the analysts highlight North America and Asia Pacific as the two regions that are providing for the maximum demand in the global instrumentation fittings market, and will continue to do so until 2025. However, the demand from Asia Pacific is primed for a stronger CAGR than that of North America.

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Government Regulations to Ensure Safety at Production Units Driving Demand

Rapid infrastructural development in several emerging economies, stringent government regulations for the manufacturing companies to ensure safety at production facilities, prosperity of the electronics and construction industries, and increased oil and gas exploration activities in quite a few countries are some of the key factors driving the demand in the global instrumentation fittings market. The analysts of the report also expects growing adoption of automation methods for improved efficiency across various consumer product manufacturers to open new opportunities in this market during the forecast period.

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Automotive Electric Oil Pump Market: Factors Helping to Maintain Strong Position Globally 2020-2026

Transparency Market Research has published a new report titled, “Automotive Electric Oil Pump Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global automotive electric oil pump market is anticipated to surpass US$ 27 Bn by 2026, expanding at a CAGR of more than 20% during the forecast period.

Rising demand for electric mobility and fuel-efficient vehicles is driving the demand for the automotive electric oil pump. Stringent emission regulations have made it imperative for automakers to adopt engine downsizing technologies, such as electric oil pump.

The electric oil pump is driven by an electric motor and maintains optimum oil pressure with low power consumption and high efficiency. Rising consumer demand for fuel-efficiency and advent of technologies, such as start-stop and sailing, have necessitated the use of electric oil pump in the vehicle. Rising penetration of electric vehicles, assisted by government incentives and rising consumer awareness, is expected to boost the automotive electric oil pump market.

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In terms of application type, transmission electric oil pump and brake oil pump segments are expected to expand. Electric oil pumps have gained particular importance in automatic and hybrid vehicle transmissions. Electric oil pumps are utilized for cooling and suction purposes in continuously variable transmission (CVT), torque converters, and wet clutch transmissions. Rising penetration of automatic transmission is expected to boost the demand for automotive electric oil pump.

In terms of electric vehicle type, the battery electric vehicle (BEV) segment is anticipated to expand at a notable growth rate during the forecast period. Rising sales of battery electric vehicle is estimated to propel the demand of the automotive electric oil pump. Hybrid & plug in hybrid vehicles are increasingly adopting the electric oil pumps to improve vehicle efficiency.

In terms of sales channel, the OEMs segment is anticipated to dominate the automotive electric oil pump market, in terms of volume. The aftermarket segment is expected to expand at a steady pace owing to the failure of the motor, which is likely to fuel the demand for replacement.

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By region, Asia Pacific held highest market share during the forecast period. Rising production of electric vehicles in China has resulted in the high usage of electric oil pumps and led to dominance of Asia Pacific in global automotive electric oil pump market.

Key players operating in the global automotive electric oil pump market include FTE automotive, Hitachi Automotive, Rheinmetall Automotive AG, Johnson Electric, Nidec Corporation, Mitsubishi Electric, Mikuni American Corporation, Magna Powertrain, Inc., HUSCO Automotive, LLC, MAHLE Group, Delphi Automotive PLC., Robert Bosch GmbH, DENSO Corporation, ZF Freidrichshafen AG, Aisin Seiki, and SHW AG.

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