Automotive Testing, Inspection, and Certification Market Global Analysis And Forecast to 2027

The global automotive testing, inspection, and certification market was valued at US$ 14.69 Bn in 2018 and is estimated to reach ~US$ 29 Bn in 2027, expanding at a CAGR of ~8% from 2019 to 2027. According to the report, the automotive testing, inspection, and certification market is likely to be driven due to stringency of regulations for testing and certification by governing authorities. The rising number of road accidents supplemented by an increasing demand for automated and technologically advanced vehicles, coupled by increased import and export among countries is boosting the demand for automotive testing, inspection, and certification services.

Expansion of Testing, Inspection, and Certification Market

Increase in the number of accidents and environmental air pollution levels is prompting relevant governing/ regulatory bodies to pay more emphasis on periodic vehicle testing and inspection. Consequently, key players in this industry are likely to bag great opportunities for testing, inspection services in the next two to four years. The rise in stringency of safety regulations propels the demand for testing, inspection, and certification services, as it is important for companies operating in diverse industries, as these services ensure the maintenance of health, safety, and quality requirements of concerned products.

Increased focus of the enterprise sector on safety legislations and standards, diverse requirement of products, and standard regulations are major factors driving the market. Moreover, change in regulations for different automotive systems in various regions is anticipated to boost the market for testing, inspection and certification market such as surge in pollution level of the country has lead it to adopt more stringent emission norms which propelled the market for testing, inspection, and certification services. The Government of China is promoting eclectic vehicles in order to reduce pollution and is likely to ban cars that run on fossil fuels.

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In terms of revenue, the testing segment accounted for a prominent share of the market in 2018, followed by the inspection segment. The inspection segment accounted for a notable share of the global automotive testing, inspection, and certification market in 2018. The automotive testing, inspection, and certification market is highly fragmented, owing to the presence of several small and large players providing these services. A large number of mergers and acquisitions has been witnessed in the industry in the last few years, which turns out to be an attempt by large players to minimize their competition and enhance their geographic presence, thereby boosting revenues.

Regional Analysis of Automotive Testing, Inspection, and Certification Market

In terms of region, Europe has been the leading market, globally, owing to the presence of a large number of testing, inspection, and certification centers and high stringency of regulatory norms for vehicles. Since all the key automotive manufacturers are based in Europe, they have established their research and development centers in the region. Moreover, Germany is a key market for automotive testing, inspection and certification market among all other sub-regions of Europe. On the other hand, Asia Pacific is a prominent market for automotive inspection, testing, and certification, owing to high focus on the development of new technologies in the region. China, Japan, and countries in ASEAN are likely to play an important role in the expansion of the market in Asia Pacific.

Strategic alliances of companies in the automotive testing, inspection, and certification market has led to the emergence of automated vehicle inspection. For instance, WeProov— an inspection mobile solution company, collaborated with the Bernard Group, one of the largest distributors of industry vehicles in France, to introduce their venture ProovStation to innovate in automated vehicle inspection services. As such, companies dealing in automated vehicle inspection services are tapping business expansion opportunities in France. This is evident, since the automotive testing, inspection, and certification market in Europe is estimated to witness significant growth in the near future.

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Companies in the market for automotive testing, inspection, and certification are generating incremental opportunities through automated vehicle inspection services with the help of blockchain and AI technologies. Novel inspection services are being pervasively replaced by custom and time-efficient technological solutions. Companies are innovating in platforms that connect IT of vehicles with the API (Application Program Interface) of the novel software platforms.

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Automotive Camera Market Trends, Growth Analysis, Opportunities 2020-2026

Leading manufacturers of automotive cameras are leveraging the wide angle lenses’ popularity. Several OEMs have been continuously exploring safety solutions having capability to capture driver blind spots. Camera module manufacturers and OEMs are likely to collaborate and increase their investments for developing new technologies pertaining to automotive cameras.

A report recently collated by Transparency Market Research (TMR) has profiled key companies supporting growth of the automotive camera market worldwide. These market players include Media Data Systems Pte Ltd., Robert Bosch GmbH, Delphi Automotive LLP, Valeo Inc., KYOCERA Corporation, Transcend Information Inc., Ficosa International S.A., Continental AG, Qrontech Co. Ltd., Autoliv Inc., and Ambarella.

Worldwide Sales of Automotive Cameras to Reach approximately US$ 4,800 Mn Revenues by 2026-end

The report projects the global automotive camera market to exhibit an impressive CAGR through the forecast period (2017-2026). Growing demand for various cameras such as digital camera, infrared camera, and thermal camera in passenger cars and commercial vehicles is expected to pave immense industry potential. Automotive camera sales across the globe are estimated to account for approximately US$ 4,800 Mn revenues by 2026-end.

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With slowdown in the global economic growth, several industrial sectors suffered stagnancy and automotive camera industry was no exception. Yet, it still has maintained a relatively optimistic expansion over the recent years. Growth of the global automotive camera market is primarily being fuelled by surging demand for complementary metal-oxide semiconductor image sensors (CMOS image sensors). These sensors deliver an improved experience by providing a broad-angle view of the surroundings. In addition, there has been a tremendous surge in adoption of safety solutions, particularly the driver assistance & safety systems such as lane departure warning system (LDWS), blind spot detection system (BSD), forward collision warning system (FCW), head-up displays, and pedestrian protection. Furthermore, shifting focus of automotive manufacturers toward replacing side-view mirrors with cameras will buoy expansion of the automotive cameras market in the upcoming years.

APEJ and Europe to Remain Most Profitable Markets for Automotive Camera

Asia-Pacific excluding Japan (APEJ) and Europe are anticipated to remain the most profitable markets for automotive camera. The market in North America is projected to register a relatively slower expansion than in APEJ and faster than in Europe through 2026. Revenues from automotive camera sales in North America will also account for a significant market share by 2026-end. In contrast, automotive camera market in Middle East & Africa (MEA) and Latin America will account for the lowest revenue shares of the market throughout the forecast period.

Rear-view enhancement and corner-view cameras are projected to remain dominant among products in the automotive camera market, in terms of revenues. Although revenues from side-view cameras will account for the smallest market share, these cameras are expected to lead the market in terms of sales expansion through 2026, followed by corner-view cameras.

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Compact Passenger Cars – Most Lucrative Vehicles in the Market

Compact passenger cars are anticipated to remain the most lucrative among vehicles in the global automotive camera market, followed by mid-sized passenger cars. Light commercials vehicles are also expected to gain ample revenue share of the market by 2026-end. On the other hand, heavy commercial vehicles will continue to account for the smallest revenue share of the market.

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Personal Care Appliances Market Share & Trends Analysis Report 2021-2027

Transparency Market Research delivers key insights on the global personal care appliances market. In terms of revenue, the personal care appliances market is anticipated to expand at a CAGR of ~3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in the personal care appliances market report.

The personal care appliances market report mainly covers products, which are used for personal care and grooming. Personal care appliances are electrical devices used by consumers for grooming and styling, used daily by a person.

In this market report, TMR estimates that based on product, trimmers are likely to be the most widely used personal care appliance by the end of 2027 in the personal care appliances market. Consumers are focusing on their appearance as well as grooming due to the influence of social media and concerns about personal healthcare, which has increased the usage of personal care appliances. The convenient usage of battery-powered devices has benefitted the personal care appliances market, which is anticipated to grow steadily during the forecast period.

Personal Care Appliances Market: Prominent Regions

Asia Pacific is projected to show prominent growth in the personal care appliances market in the near future, due to increase in spending power and growing awareness about personal care. China and India are considered prominent markets for personal care appliance manufacturers during the forecast period.

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North America and Europe dominate the personal care appliances market. Ease of availability and technological advancements are the major reasons for the growth of this market in North America and Europe. Convenience of usage of battery-powered devices, growing awareness about personal care, increasing trends in grooming styles, and rising disposable income are projected to be major driving factors for the personal care appliances market during the forecast period.

Major brands are likely to focus on research & development to strengthen their footprint in the personal care appliances market. They are also focusing on developing and manufacturing technologically advanced products with more functionalities. Companies are engaged in expanding their product portfolio and focusing on expanding their business through online distribution channels. Companies are also working on upgrading their existing products to increase profitability for sustainable growth of their businesses.

The personal care appliances market is witnessing technological innovations in trimmers. Besides, trimmers product segment of the personal care appliances market is expected to reach the output of ~500 million units by the end of 2027. Hence, manufacturers are exploring opportunities in lithium-ion technology to increase efficacy in the smart charge technology. For instance, in March 2019, leading U.S. grooming company Wahl Clipper, announced the launch of two new trimmers integrated with the lithium-ion technology.

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Companies in the market for personal care appliances are boosting their credibility credentials in the global market landscape, since the intelligent smart charge technology saves power. This innovative technology automatically shuts the unit off once the device is fully charged. Technologies similar to lithium-ion are gaining increased popularity in the personal care appliances market, owing to fast charging and prolonged battery life of trimmers. Moreover, companies are introducing electronic travel lock, which ensures the trimmer does not turn on by accident.

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Glass Tableware Market Drivers, Top Trends, Global Analysis And Forecast to 2027

According to a new market report published by Transparency Market Research titled “Glass Tableware Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2028,” the global glass tableware market is expected to reach US$ 10.8 Bn by 2027, expanding at a CAGR of 2.9% from 2019 to 2027. Asia Pacific held the highest market share in the glass tableware market in 2027.

The Glass Tableware Market report provides an analysis of the global glass tableware market for the period 2017 – 2026, wherein 2018 is the base year and 2019 to 2027 is the forecast period. Data for 2017 has been included as historical information.

The report covers all the prevalent trends and technologies playing a major role in the growth of the market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market growth during the said period.

Growth of the hotel & catering industry is projected to drive demand for glass tableware in the near future. Increase in investments in the hotel & catering industry in emerging countries such as India and China has fueled the growth of the glass tableware industry. Moreover, glass tableware products are widely used in the hotel & catering industry. Furthermore, rise in disposable income of consumers has resulted in increase in expenditure on travel and tourism. This in turn boosts the growth of the hotel industry.

The tableware industry is set for an explosion and is ready to witness many innovations in terms of design and material, driven by changes in fashion, lifestyle, economic conditions, and demographic factors. Tableware manufacturers are experimenting with different shapes, colors, materials, and textures to attract consumers. There is an increased demand for visually appealing as well as functional tableware.

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Beverageware segment includes tea pots, coffee or tea jugs, pitchers, and coffee brewers. Unlike plastic products, glass beverageware contain no harmful chemicals and are safer to use. Consumers are shifting from plastic products to glass beverageware which is contributing to the growth of this segment

Transition in the lifestyle and rise in disposable income is responsible for the growth of this segment. With rapid urbanization, purchasing behavior of consumers and adoption of trendy lifestyles are leading to the high demand for tableware products. The tableware segment is classified into glass, cups, and mugs. The others segment is divided into cookpots, roasters, casseroles, bakeware, bowls, food warmers, and measuring jugs.

North America and Europe are anticipated to account for major market share due to sophisticated lifestyles and high spending rate. Increase in demand for glass tableware products in Europe and North America will result in the increased production of these products. Also, these regions will remain the prime markets for tableware products due to vast distribution networks.

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Asia Pacific accounted for around 35% of the global glass tableware market in 2018 and is anticipated to continue its dominance over the forecast timeline. Europe has the largest middle class population in the world, followed by Asia Pacific and North America. The middle class population in Asia Pacific is expected to rise due to economic development in this region. The consumption rate of glass tableware products is higher in EMEA and Asia Pacific as compared to other regions.

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Sports Protective Equipment Market Global Analysis And Forecast to 2027

Transparency Market Research delivers key insights on the global sports protective equipment market. In terms of revenue, the global sports protective equipment 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 sports protective equipment market report.

Sports protective equipment are uniquely designed for certain sports to prevent injuries. Sports protective equipment plays an integral role in ensuring the safety of an athlete who is participating in some sport. The sports industry is expanding rapidly across the world, as a large number of people are increasingly taking up sports and other recreational activities. The global sports industry, today, is an all-encompassing business, which covers everything from sporting goods and apparel to broadcasting rights, sponsorships, merchandising, and gate revenues.

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In this sports protective equipment market report, TMR predicts that, the head protection segment is expected to have a prominent market share (~35%) in the global sports protective equipment market, which was valued at US$ 8.57 Bn in 2018, and is expected to expand at a CAGR of ~ 5% from 2019 to 2027. Head protection and upper body protection equipment acquired a substantial share of the sports protective equipment market, owing to the dominance of sports such as rugby, baseball, boxing, and ice hockey, where upper body protection and head protection equipment play a major role.

In terms of product type, in the sports protective equipment market, the head protection segment accounted for a prominent market share, and this is anticipated to increase even more during the forecast period. The popularity of competitive sports, extreme sports, and fitness training, including strength programs, is increasing at an exponential rate. Extreme sports such as motor racing, dirt biking, mountain climbing, and water sports such as the ISA World Masters Surfing Championship and Freestyle Kayak Championships are examples of some of the popular extreme sports events that are gaining huge popularity among the population, worldwide.

The demand for sports protective equipment is anticipated to increase during the forecast period, with the growing participation of people in various sports. With higher participation across various sports, the impact of the driver is anticipated to be high, thereby, proliferating the demand for head protection equipment. Most sports-related injuries occur due to lack of usage of proper sports protective equipment. Hence, sports agencies and associations are becoming stricter in terms of the usage of protective sports equipment to minimize injuries.

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It will be appropriate to state that, growth in the sports protective equipment market rests on technology. Be it big brands or start-ups making their way into the sports protective equipment market, everyone strongly believes that, innovation is the key to turn the tide in a market with faint discrimination in products.

As we speak, companies across the globe are developing products that will redefine the space of sports protective equipment in the future. Famous NFL player Shawn Springs is developing a next-generation helmet based on the cloud crash technology. This claims to save players from the impact of a fall or crash in football. What’s important is that, the product has been tested for different angles and speed.

Another product under R&D is a shock-absorbing gear, which will prevent players from suffering serious injuries in rugby. Then, there is a sensor that will monitor the health of race horses. This will help authorities understand if the horse is being overworked, and thus, warn the rider, asking him/her to slow down. This will prevent falls and collisions.

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While we speak of sensors to monitor equine health, smart wearables have already their made way into the sports protective equipment market. Physiotherapists and coaches have started recognizing the importance of data that reflects players’ health on the field. Thus, they are able to custom-design training programs for each players working on specific areas of fitness.

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Microwave Oven Market Application, Industry, and Region – Forecast to 2022

According to a recent report by Transparency Market Research (TMR), the vendors of the global microwave oven market may witness remunerative opportunities for growth owing to the vigorous usage of technologically advanced and sophisticated home and kitchen appliances as per the improved standards of people all around the world. The vendor landscape of the global microwave oven market is highly competitive and all prominent players are developing key strategies in order to enlarge their business in other regions of the world as well.

Some of the key players of the market are Electrolux AB, LG Electronics, Inc., Hoover Limited, Guangdong Galanz Enterprises Co. Ltd., and Sharp Corporation. Key market players can generate greater market revenue and give tough competition to each other by adopting Strategies like merger and applications and new product launches. These innovation and initiatives taken by major players are likely to increase the demand of the microwave oven market in the coming years.

As per the TMR report, the global microwave oven market is assumed to reach US$25.0 bn by the end of 2022. The market is envisaged to expand with a CAGR of 5.8% within the forecast period of 2017 to 2022. The previous records of 2017 states that the market for microwave oven was worth US$18.9 bn and will show a remarkable growth rate in the years to come.

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Faster Growth with Rising Disposable Incomes in Emerging nations Boosting Market

The microwave oven market can be fuelled by factors like the rise in disposable income of people. With more income, there is a natural urge to upgrade the living conditions of people and there comes the need for a modular house and most of all a modular kitchen. This is especially taking place in the emerging nations of the world, hence the market in that area is expected to increase in demand as compared to market in other region.

The prospects of growth could be favorable due to economic development and rising disposable income of people. Adding to that, microwave oven need may get a stronger support from increasing number of consumers who spend on their kitchen lavishly. The adoption of modular kitchen and home appliances are expected to increase the rate of growth in the global microwave oven market in the long run.

From a geographical perspective, the market is seen to be dominated by the region of Latin America and Europe. The North American market has already gained maturity long back and have given way for the European nations to emerge. Rise in demand for microwaves can increase in countries like India and China of the Asia Pacific region because of the high salary inclination and desire for the best quality kitchen.

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The increasing disposable income around the world and the rising influence are urging individuals to buy premium electrical appliances that offer convenience. This aspect may bring profitable growth prospects for the microwave oven market during the assessment period of 2017-2022.

• The emergence of novel technologies has brought extensive development across the microwave oven industry. The players in the microwave oven market are concentrating on developing microwave ovens that are more useful and smart for the end-users. The emergence of technologies like the Internet of Things (IoT) is also bringing promising growth opportunities for the microwave oven market.
• Smart microwave ovens with WiFi connectivity and virtual assistance are expected to bring extensive growth opportunities for the microwave oven market. The players in the microwave oven market are also indulging in intense customer acquisition activities for increasing their revenues, eventually inviting growth.
• Other than household, the microwave oven also holds great importance in the commercial segment. The growing influence of microwave ovens in the commercial segment will add extra stars of growth to the microwave oven market. The awareness about energy-efficient products is escalating considerably. Supporting this trend, the players are trying to manufacture energy-efficient microwave ovens.  Thus, this aspect is expected to lay a red carpet of growth across the assessment period of 2017-2022.

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Vacuum Cleaner Market Opportunities and Investment Feasibility 2026

Transparency Market Research (TMR) notes that the global vacuum cleaner market is characterized by the presence of several large and small players operating in it. The rivalry between the players is likely to increase as they are aimed at making smart and lighter cordless vacuum cleaners. Several companies are aiming at making vacuum cleaners that can reduce efforts during cleaning. Product innovation has also proven to be a successful marketing strategy adopted by top players in the global vacuum cleaner market. The global vacuum cleaner market is expected to grow steadily due to the existence of large players who want to invest in innovative branding ideas. Some of the leading players in the global vacuum cleaner market are AB Electrolux, Samsung Electronics Co, Bissell Inc, and Haier Group Corp.

According to TMR, the global vacuum cleaner market is projected to register a promising CAGR of 4.3% from 2017 to 2026. By the end of 2026 the market will be worth US$29,704.1 mn. Out of various end users in the global vacuum cleaners market, the demand for residential vacuum cleaners is expected to remain high in the next few years as they are more affordable and more convenient to use. Region wise, Asia Pacific is expected to be leading region in the global vacuum cleaner market in the coming years as the region has seen rapid industrialization in the past few years.

Rising Disposable Incomes Key Growth Driver

Increasing awareness toward cleanliness and rising per capita income are key boosting factors for the global vacuum cleaners market. Vacuum cleaners are successfully replacing the conventional cleaning methods. They are a smart solution for those with busy lifestyles, as they reduce efforts. In addition, vacuum cleaners pull out dust and dirt from corners that would not have been possible by manual labor. The demand for vacuum cleaners has been considerably high on account of demand for faster, automated methods for cleaning household. Vacuum cleaners are highly adopted by end users to save their valuable time. Rising occurrence of health issues due to living dusty indoors and increasing air pollution are factors fueling the growth of the global vacuum cleaner market.

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Rapid industrialization is also triggering the growth of the global vacuum cleaner market. Modern vacuum cleaners available in the market are equipped with sensors and timers. In addition, robot vacuum cleaners has gained popularity in the past few years. The automation benefits in efficient cleaning and time management are expected to help the global vacuum cleaners market expand steadily in the next few years.

However, various factors are expected to inhibit growth of the global vacuum cleaners market during the forecast period. Stringent regulations imposed by the government organizations is expected to inhibit growth of the global vacuum cleaners market. For example, the European Union is increasingly focusing on reducing the consumption of the household electricity as well as CO2 emission every year while planning the ecodesign and labelling requirements of the vacuum cleaners. In order to implement the new energy label rule for vacuum cleaners, the European Union is planning to impose regulations against those vacuum cleaners that are more powerful than 900 W. These factors will continue to inhibit growth of the global vacuum cleaners market during the forecast period.

Canister Products to Generate Significant Revenues

With the growing need for cleaning the carpets and floor quickly, demand for the canister vacuum cleaners are expected to increase. On the basis of product type, the canister segment is expected to generate significant revenues, recording a value of over US$ 2,000 Mn by the end of 2026. However, the autonomous/robot product type segment is expected to witness a robust CAGR throughout the forecast period. Based on end use, the household segment is expected witness the highest revenue growth, accounting for a value of over US$ 4,000 Mn by the end of 2017. On the other hand, the independent retail store segment is expected to witness the fastest growth in the global vacuum cleaner market during the forecast period.

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Competition Tracking

Leading market players in the global vacuum cleaners market include Haier Group Corp., AB Electrolux, Samsung Electronics Co., Ltd., LG Electroncis, Inc., Dyson Ltd., Samsung Electronics Co., Ltd., iRobot Corporation, Bissell Inc., Koninklijke Philips, N.V., Panasonic Corporation and Techtronic Industries.

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