Electric Motorcycle and Scooter Market to Witness Robust Expansion Throughout the Forecast Period 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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Fresh Meat Packaging Market to Witness Huge Growth by 2027

Transparency Market Research delivers key insights on the fresh meat packaging market in its published report, which includes global industry analysis, size, share, growth, trends, and forecast for 2019 – 2027. In terms of revenue, the global fresh meat packaging market is projected to expand at a CAGR of 4.5% during the forecast period, due to several factors, about which, TMR offers detailed insights and forecast in this report.

Meat, being a perishable product, gets easily damaged when left uncovered and unprocessed in ambient temperature. As cured meats degrade in the presence of oxygen, it is important to adopt a packaging system to offer consumers with healthy and safe food.

The need for sustainable packaging that can hinder microbial growth and prevent contamination leads to the introduction of fresh meat packaging. Fresh meat packaging extends the shelf life of fresh meat, keeping it fresh for a long duration. Innovations in the preservation process by manufacturers continue to search for a packaging solution that can extend the shelf-life of meat products as well as be safe and eco-friendly.

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Asia Pacific Excluding Japan (APEJ) to Witness Growth Opportunities for Fresh Meat Packaging Manufacturers

Asia Pacific excluding Japan, in terms of fresh meat packaging, covers more than 20% of the global fresh meat packaging market, and is anticipated to maintain its prominence over the forecast period. India & China are the most attractive markets for the extensive growth of the fresh meat packaging market.

The markets in China and India, collectively accounted for ~60% of the APEJ fresh meat packaging market in 2018. Increased consumer convenience is the major trend for fresh meat packaging in the Asia Pacific region. A packaging that can avert the spoiling of fresh meat for a longer duration, providing safety to consumer, drives the fresh meat packaging market.

North America dominates the global fresh meat packaging market with an expected market share of ~30% over the forecast period. Western Europe is expected to have a decent share of ~18% in 2019. The U.S. represents ~90% of the fresh meat packaging market in North America, while Canada is estimated to expand at an impressive CAGR of 4.5% during the forecast period.

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In spite of being a matured market, Western Europe is expected to represent an incremental opportunity of ~US$ 110 Mn by 2027. The Western Europe region holds ~one-sixth of the global fresh meat packaging market share. However, it is expected to experience less growth as compared to the market in APEJ over the forecast period.

Global Fresh Meat Packaging Market: Competition Landscape

In the global market report on fresh meat packaging, a detailed competition landscape is discussed. Some of the key players in the global fresh meat packaging market that are included in the report are Amcor plc, Berry Global Inc., Winpak Ltd., Sealed Air Corp., Coveris Holdings S.A., Bolloré Group, Mondi Group, Tetra Pak International S.A., Cascades Inc., Smurfit Kappa Group plc, Amerplast Ltd., and Faerch Plast A/S. As per TMR analysis, Amcor plc, Winpak Ltd., Sealed Air Corp, and Berry Global Inc. are the market leaders, with a combined market share of 15-20% of the global fresh meat packaging market.

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Smart Grid Data Analytics Market Trend, Effect Factors Analysis by 2030

According to a new market report pertaining to the global smart grid data analytics market published by Transparency Market Research , the global smart grid data analytics market is anticipated to reach US$ 14,036.9 Mn by 2030. The smart grid data analytics market is projected to expand at a CAGR of 12.8% from 2020 to 2030 based on revenue. According to the report, North America was a significant contributor to the smart grid data analytics market in terms of revenue in 2019. The prominent market share of the region is due to the significant adoption of smart grid data analytics, and increasing adoption of smart grid systems in the U.S. The smart grid data analytics market in Asia Pacific is expected to expand at a high CAGR during the forecast period. This is primarily due to the increasing digitalization of the utility sector in the region.

Advancements in Smart Meter and Advanced Metering Infrastructure (AMI)Driving the Global Smart Grid Data Analytics Market

Advanced metering infrastructure (AMI) is an integrated system which includes smart meters, communication networks, and data management systems that provide a two-way digital link between the customer and utilities. AMI provides various operational benefits to minimize the utility cost and offers convenience to the customer. AMI significantly reduces operating costs by remotely reading meters, connecting/disconnecting the service, identifying outages by generating more accurate bills faster, and enables utilities to provide customers digital access to their usage information. Thus, the increasing installation of smart meter and adoption of advanced metering infrastructure is expected to boost the global smart grid data analytics market during the forecast period globally.

Smart Grid Data Analytics Market: Market Taxonomy

The global smart grid data analytics market has been segmented in terms of component, deployment model, end-user, BSS solutions for utilities, and region. Based on component, the smart grid data analytics market has been classified into solution, and services. The solution segment has been further sub-divided into AMI analytics, demand response analytics, grid optimization, asset management, and others (energy forecasting and data visualization tools). The AMI analytics solution segment dominated the global smart grid data analytics market in 2019 and is expected to maintain its dominance during the forecast period. Based on deployment model, the smart grid data analytics market has been classified into on-premise, cloud, and hybrid.

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The cloud segment dominated the global smart grid data analytics market in 2019 and is expected to maintain its dominance during the forecast period. Based on end-user, the smart grid data analytics market has been categorized into small/medium enterprises, large enterprises, and public sector. The public sector segment is expected to account for leading share in the global smart grid data analytics market. The segment is expected to continue its dominance in the coming years. Based on BSS solution for utilities, the market has been classified into specialized solutions and generalized solutions.

Smart Grid Data Analytics Market: Regional Outlook

In terms of region, the global smart grid data analytics market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the smart grid data analytics market during the forecast period. The U.S. is expected to lead the North America smart grid data analytics market. This is mainly due to the high degree of investment on smart grid systems in the country.

Apart from the AMI analytics solutions, the penetration of demand response analytics solutions is expected to fuel significantly during the forecast period in the U.S. The smart grid data analytics market in Asia Pacific is expected to expand at a high CAGR during the forecast period due to the active presence of smart meter deployment programs in China, Australia, India, and South Korea. Most smart grid analytics vendors focus on providing data analytics solutions for the ongoing development of smart meters infrastructure. The market in Middle East & Africa and South America is also projected to expand moderately over the forecast period.

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The report provides in-depth segment analysis of the global smart grid data analytics market, thereby providing valuable insights at macro as well as micro levels. In-depth geographic analysis has also been included as part of the smart grid data analytics market.

Smart Grid Data Analytics Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global smart grid data analytics market. Key players profiled in the report include ABB Ltd., Accenture Plc, Amdocs Ltd., AutoGrid Systems Inc., Capgemini SE, Dell EMC, General Electric, Hansen Technologies, Hewlett-Packard Development Company, L.P., Hitachi Ltd., IBM Corporation, Itron Inc., NetCracker Technology Corporation, Oracle Corporation, SAP SE, SAS Institute, Inc., Schneider Electric SE, Siemens AG, Tata Consultancy Services Ltd., and ZTEsoft Technology Co., Ltd.

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Bearing Market by Top Company, Application, Driver, Trends & Forecasts by 2030

Transparency Market Research delivers key insights on the global bearing market. In terms of revenue, the global bearing market is estimated to expand at a CAGR of ~7% during the forecast period of 2020 to 2030, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global bearing market report.

In the report, TMR predicts that the global bearing market would be largely driven by growth of automotive and aerospace industries, which is expected to continue to boost the market during the forecast period.

According to the bearing market report, the product segment includes ball bearing, roller bearing, plain bearing, and others. The demand for ball bearing is expected to rise at a higher pace at the global level. Light vehicle manufacturers are opting for ball bearings, which is one of the major market driving factors. Global light vehicle production is projected to increase in the coming years, as a result of its feature of consuming less fuel. Ball bearings are available at a lower cost in the global market. Furthermore, the compact nature of this product boosts its utility among end users.

In terms of material, the bearing market is divided into plastic, ceramic, and metal. The 52100 chrome steel is the most commonly used material to produce the load carrying components in precision ball bearings, roller bearings, and tapered roller bearings. This material is used in inner and outer rings, balls, and rollers. Companies purchase chromium steel material for bearings as it has the ability to improve the performance of the bearings. Chromium also increases its lifespan.

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Based on application, the market has been categorized into automotive, construction, aerospace, power transmission, oil & gas, agriculture, and others. The growth of the bearing market is related to the growth of the automotive and industrial sector. The increase in production of commercial vehicles is one of the key drivers of the bearing market. Increasing construction activities also encourages the growth of the bearing market. The automotive segment dominates the global market followed by construction and power transmission segments. The automotive segment accounted for the largest market share in 2020 and is expected to maintain its dominance in the coming years.

Various types of bearings used in automobiles include car hub unit bearings, truck hub units, belt tensioner units, water pump spindles, clutch release bearings, propeller shaft support bearings, propeller shaft centring bearings, suspension bearings, and free wheel clutches.

The growing production of vehicles globally is directly influencing the growth in demand for bearings used in automotive parts. According to the data released by the International Organization of Motor Vehicle Manufacturers (OICA), global production of passenger vehicles stood at 69 million units in 2018, registering a growth of 2.2% as compared to the previous year.

Various bearing manufacturers are catering to this growing demand in the automotive sector. Considering these factors, the impact of this driver is currently high and is expected to remain so during the forecast period. Fast growing economies of the Asia Pacific region are stimulating the demand for bearings in the automotive segment. In 2018, the Asia Oceania region produced the highest number of motor vehicles and accounted for 52.5 million units.

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As per distribution channel, the global bearing market is bifurcated into online and offline. North America is one of the key bearing markets where online sales are increasing at a higher pace. Majority of online sellers are third party e-Commerce players who provide discounted bearings. Rising number of e-Commerce players coupled with the quick product delivery feature is driving sales through the online channel.

Bearing Market: Prominent Regions

Asia Pacific accounted for fastest growing share of the bearing market in 2019. Increasing demand from end user segments coupled with easy government rules and regulations for establishment of small & medium manufacturing units is expected to boost the market growth. Europe is the second largest market as a result of large number of automotive companies in the region.

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Alternators Market to Record an Exponential CAGR by 2027

Transparency Market Research states that the top three players in the global alternators market held a share of 20% in the overall market in 2018. Emerson Electric, Co., Denso Corporation, and Valeo SA have had a noticeable share in the market due to their strong foothold in the automotive industry, which is the largest consumer of alternators. “Companies must focus on the construction in emerging economies of the Middle East and Africa during the forecast period to gain a competitive edge over others,” states the lead author of this research report. Focus on research and development is also expected to remain the mainstay of the majority of the players in the market to deliver product innovation to consumers.

According to the research report, the global alternators market is expected to be worth US$ 32.5 Bn by the end of 2027 as compared to US$ 22.8 Bn in 2018. During the forecast years of 2019 and 2027, the global alternators market is expected to progress at a CAGR of 4.0%.

Asia Pacific Promises Lucrative Growth Opportunities to Global Market

On the basis of voltage range, the global market is segmented into low voltage, medium voltage, and high voltage. Of these, the low voltage alternator segment is expected to remain the leading segment due to its soaring demand in the automotive sector. Analysts anticipate that the low voltage segment is expected to progress at a CAGR of 3.7% during the forecast period. The growing demand for back-up power in several emerging economies is also expected to fuel the demand for low voltage alternators during the forecast years.

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Geographically, this market is segmented into Europe, North America, Asia Pacific, South America, and the Middle East and Africa. Of these, North America held a dominant share in the global market and is projected to surge at a CAGR of 3.6% during the forecast period, in terms of revenue. The report indicates that Asia Pacific will also be an emerging opportunity for the overall market in the coming years due to the strengthening economies in the region.

Automotive Sector Fuels Adoption of Alternators

The global alternators market is expected to receive a massive impetus from the booming automotive sector in the emerging economies of China, South Africa, India, Mexico, Indonesia, and Taiwan. The increasing production of vehicles in these countries is likely to offer several lucrative opportunities to the alternators market during the forecast period. The increasing automotive sales are also expected to complement the uptake of alternators in the near future.

The insatiable demand for power across the globe is yet another reason for the growing adoption of alternators in various industrial sectors. The demand for power is expected to rise as the investments are slated to grow in construction and infrastructural sectors. Furthermore, rising expenditure in the utility sector is also expected to have a positive impact on the global alternators market.

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Volatile Economy Spells Danger for Growth of Global Market

The volatility of economy has an impact on several aspects of a nation’s overall growth. Thus, the economic slowdown in several developed nations has had a severe impact on the demand for alternators. The cuts in capital outflows, state policy changes, and political challenges has retarded the pace of infrastructural development in several countries across the globe, which has declined the sales of alternators. The global market is also being stymied by the slump in the chemical and mining industry amid growing worries about global warming and political tensions.

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High Visibility Clothing Market to Rear Excessive Growth During 2030

Transparency Market Research delivers key insights on the global high visibility clothing market. In terms of revenue, the global high visibility clothing market is estimated to expand at a CAGR of 6% during the forecast period of 2020 to 2030, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global high visibility clothing market report.

In the report, TMR predicts that the global high visibility clothing market would be largely driven by rising awareness about worker safety in the construction industry, which is expected to continue to boost the market during the forecast period.

Safety and health issues are being increasingly given preference across all industries due to enforcement of various laws in different regions. These laws include OSHA (Occupation Safety & Health Administration) in the U.S., and CCHS in Canada.

Awareness among workers about their rights and safety measures have led to extensive adoption of personnel protective gear. High visibility clothing has been a major part of such gear and is being increasingly adopted among workers working in dangerous and dark surroundings such as mining.

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According to a survey conducted in the U.S. for views of industrial workers on safety clothing, more than 70% of participants preferred comfort over style. Consequently, mainstream players are focused on the development of lightweight materials with enhanced comfort in their clothing line-up. Textile manufacturers are entering the high visibility clothing market by understanding its global demand. Local clothing manufacturers have also forayed into the manufacturing of high visibility clothing, which are cost-effective, as compared to products offered by mainstream players, thereby hampering the market for major key players. Manufacturers have developed online portals due to order of such clothing in bulk, to avoid the intermediates between them and customers, through which an industrial organization can order the product in bulk.

High visibility clothing provides visual alertness to the other person heading toward the wearer. Many small firms are ignorant about such protective equipment. Moreover, wearing only the upper vest serves the purpose in most cases and hence, this reduces the chance for the expansion of other product types in the market. Limited application of high visibility clothing hinders the market.

Mines, oil extraction plants, and construction sites are major places that stringently follow the regulation for high visibility clothing.

In terms of product type, the demand for safety vests and jackets is significantly high in the market. Stringent regulations have significantly propelled the market for high visibility clothing. Jackets and t-shirt segment is estimated to be the most prominent segment of the market, owing to their rising demand for usage in other activities such as cyclotron, and night runs. In terms of end use, construction and industrial manufacturing have been the most prominent segments, owing to high expenditure of countries on infrastructure development and maintenance. The usage of high visibility clothing is significantly high in the mining sector; however, sluggish growth of employment in the sector is hindering the market for high visibility clothing.

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Unlike in clothing line-up, the offline distribution channel is a major market shareholder. Since most products are directly consumed by industries, manufacturers directly supply their products through their retailers and distributors. In the offline segment, retailers and distributors are the key distribution segment for the market.

In terms of category, type O is the leading segment of the global high visibility clothing market as it meets the requirements for application in most industries and job roles. Moreover, mining workers, chemical, construction, and warehouse workers wear type O visibility clothing, which is driving the demand for type O category.

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Forklift Market to 2020 Benefits, Business Opportunities and Future Scope

According to the report, the global forklift market is projected to reach ~US$ 30 Bn by 2030, expanding at a CAGR of ~3% during the forecast period. Rise in industrialization and number of warehouse centers is likely to boost the market for forklifts during the forecast period. Moreover, increase in the use of forklifts to lift and move materials from one place to another in warehouses, industries, and logistics services is projected to boost the forklift market. Most industries and construction companies are deploying a large number of forklifts to enhance security and safety of workers, which is anticipated to boost the forklift market across the globe.

Majority of the industries are trying to develop forklifts with ultra-capacitors in order to increase the efficiency of forklifts. Ultra-capacitors help enhance the battery system, extending the life of battery-operated forklifts. New forklift models are being designed for operations in which ladders are used to access high places, which offers higher levels of safety. These advancements in forklifts are likely to further propel the global forklift market.

The rise in infrastructure development and reconstruction is estimated to boost the forklift market. Increased adoption of automation in production lines and manufacturing to enhance productivity has led to a rise in preference toward autonomous forklifts.

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Expansion of Forklift Market

A surge in trade volumes, owing to rising bilateral trade among countries, is projected to boost the forklift market during the forecast period. China witnessed a surge in both general trade volume and proportion escalating to 15.66 Trn Yuan. China’s trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Exports of China to the U.S. further rose by 15.2% percent year-on-year.

Based on type, rough terrain and powered pallets are likely to be highly lucrative segments during the forecast period. This is primarily due to a high lifting capacity and reliability of these type of forklifts as compared to that of other types. The counterbalanced segment is estimated to expand at a rapid pace during the forecast period, due to its high efficiency and maneuverability.

In terms of class, the Class-1 segment dominated the global forklift market due to the rise in the demand for battery-operated forklifts, especially in warehouse centers, as Class-1 type forklifts are preferred to be operated over short distances. The Class-3 segment followed the Class-1 segment and is projected to account for a significant share of the market during the forecast period, as Class-3 forklift has rider and walk behind options and suitable to cover short distance, which is anticipated to enhance the forklift market across the globe.

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Regional Analysis of Forklift Market

In terms of region, the global forklift market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global forklift market in 2019. It is anticipated to hold a major share of the global market during the forecast period due to high number of forklifts in operation in China and Japan. Increase in automation in manufacturing and introduction of Industry 4.0 in various industries are projected to further boost the forklift market in the region.

Prominent players operating in the global forklift market include Hyster-Yale Material Handling Inc., Komatsu Ltd., Hyundai Heavy Industries Ltd, Mitsubishi Forklift Corporation, KION Group AG, Toyota Industries Corporation, Crown Equipment Corporation, Anhui Heli Co. Ltd, Clark Material Handling Company, Comblift Limited, Doosan Industrial Vehicle America Corporation., Hangcha Group Co. Ltd, Konecranes, Manitou Group, Godrej & Boyce Group, Lonking Forklift Co., Hubtex Maschinenbau GmbH & Co. KG, and Unicarriers Americas.

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