Thursday 31 December 2015

FPSO Market is expected to see a robust growth during the forecast

 FPSO
According to a new market report published by Transparency Market Research “FPSO Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021,” the FPSO Market was valued at US$15.86 bn in 2014 and is expected to reach US$43.39 bn by 2021, growing at a CAGR of 16.2% from 2015 to 2021.

Oil remains the major choice of fuel for the purpose of transportation and is not expected to change materially in the foreseeable future. Deepwater oil discoveries is gaining significant importance attributed to the rapid depletion of onshore existing oil fields and no significant discoveries of new fields in the past few years. Due to this factor, oil and gas companies have pushed exploration offshore for discovering new oil reserves. During the past six years, around 50% of the offshore discoveries have been in deepwater and ultra-deepwater. Due to this factors demand for FPSOs for offshore oil and gas production is expected to see a robust growth during the forecast period.

FPSO industry is capital intensive in nature. It requires high initial investment and substantially huge financing for construction or building of a new FPSO unit. Building a new FPSO cost around USD 2.5 to 3 billion, however a cost of conversion of a surplus oil tanker or aging hull is around USD 1.5 to 2.0 billion. Additionally, operation, testing and deployment costs add to the total investment in a FPSO vessel. Furthermore, rising cost of materials and high labor cost due to inflation is further affecting the return of investments (ROI) of FPSO operators. All these factors are posing as a major restraint for the growth of FPSO market during the forecast period.

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Presently, the market is dominated by converted FPSO unit than a new build FPSO vessel. Opportunities in FPSO market lies in increasing demand for conversion of oil tankers into a FPSO vessel. FPSO builders are increasingly focusing on acquiring former oil tankers and converting it into an advanced FPSO vessel. Moreover, opportunities lies in collaboration and partnership among various players present in different stages of the value chain of FPSO industry aimed at faster deployment and construction of FPSO vessel.

Geographically, Americas led the FPSO market in 2015 and the region is expected to continue its dominance till 2021. Growth in this region is attributed to the increasing investment in exploration in offshore of Brazil and development of new oil fields in the region. Additionally, Africa region is also expected to see a robust growth during the forecast period attributed to the rise in demand for installation of FPSO units in the fields of Angola, Ghana, Nigeria and Guinea.

Key players have also been profiled on the basis of company overview, financial overview, business strategies and recent developments in the field of FPSO industry. Major market participants profiled in this report include MODEC, Inc. (Japan), SBM Offshore N.V. (Netherlands), BW Offshore (Norway), Bluewater Energy Services B.V.(Netherlands), Aker Solutions ASA (Norway), Hyundai Heavy Industries Co., Ltd. (South Korea), Bumi Armada Berhad (Malaysia), Yinson Holdings Berhad (Malaysia), Teekay Corporation (Bermuda) and Samsung Heavy Industries Co., Ltd.

The report studies the global FPSO market, and provides estimates in terms of revenue (USD Billion) from 2015 to 2021. Market estimates on the basis of type and water depth for each region. The market has been segmented as follows

Global FPSO Market : By Type
Converted
New-build
Redeployed
Global FPSO Market: By Water Depth
Shallow water
Deepwater
Ultra-deepwater

The report provides a cross-sectional analysis of all the above segments with respect to the following regions :

Global FPSO Market : By Geography

Americas
U.S.
Canada
Mexico
Brazil
Europe
U.K.
Norway
Italy
Asia
India
China
Southeast Asia
Africa
West Africa
Rest of Africa
Oceania
Australia
New Zealand

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Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Membrane Separation Market: A Succinct Global Outlook

According to a market research report published recently by Transparency Market Research, the Global Membrane Separation Market is expected to exhibit a positive CAGR of 10.8% during the period from 2013 to 2019. The report, titled “Membrane Separation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, estimates the overall membrane separation market to be worth US$39.2 billion by 2019.

The increasing demand for clean processed water and mandatory government regulation to provide the population with clean drinking water is propelling the water processing industry including membrane separation. Shifting from chemical to physical treatments of water is also a major driver as chemical treatments are perceived as an environmentally unclean technology with associated disposal costs. Additional awareness of water scarcity has influenced the demand for water reuse in water stressed areas. Governments and municipal authorities are increasingly waking up to the effects of environmental degradation on the economy. Mandatory adherence of certain environmental standards by the national governments, especially in areas with water scarcity have influenced the demand for better water treatment technology, including membrane separation technology.

Worldwide industrial expansion and growing population are propelling the demand for better water treatment technology, providing growth opportunity for the overall market of membrane separation technology. Membrane separation technology is majorly divided into four major processes, microfiltration, ultrafiltration, nanofiltration and reverse osmosis. The global market for membrane separation in value term is expected to grow from USD 21.2 billion in 2013 to USD 39.2 billion in 2019, growing at a CAGR of 10.8%. The European membrane market (largest market in 2012) is expected to increase from USD 7.9 billion in 2013 to USD 13.8 billion in 2019, growing at a CAGR of 9.6%. The membrane separation technology market is fragmented with several players in the market supplying membrane separation to the end-users in the market.

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Membrane separation is used by various sectors such as water and wastewater treatment and industrial and healthcare sectors. Major companies that are operating globally and manufacturing all four products are Koch Membrane Systems Inc., Pall Corporation, Merck Millipore, 3M Company, Degremont SA, Dow Chemical Company, GEA Filtration, Nitto Denko Corporation, Evoqua Water Technologies and Veolia Environnement. Many other companies, including Advantec are investing in research and development for the production of good-quality membrane separation products and marketing it on a global level.

The most significant companies in the membrane separation market are: 3M Company, Merck Millipore, Dow Chemical Company, Pall Corporation, Koch Membrane Systems Inc., Degremont SA, and others.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

China Research On NEV Taxi Market

NEV Taxi
According to a new research report recently published by Transparency Market Research, the China new energy vehicle (NEV) taxi market is expected to reach US$560.5 million at the end of the forecast period between 2014 and 2020. The research report, titled ‘NEV Taxi Market - China Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020’, states that the China new energy vehicle taxi market will grow at a 36.5% CAGR.

NEV (New Energy Vehicle) taxi refers to a vehicle using unconventional vehicle fuels as a source of power, or a vehicle using conventional fuels with advanced automotive propulsion systems. Taxis in China travel around 450 kilometers on daily basis. Considering their high number and long working hours, introduction of new energy vehicle taxis in China offer an opportunity to limit fuel consumption and curb emissions.

Government support in form of financial subsidies and tax incentives coupled with advancements in battery technology are the major factors driving this market. With rapid urbanization, the number of vehicles in China has grown considerably, resulting in increased air pollution, and fuel consumption. This has necessitated the central government in China to promote the use of new energy vehicles. In spite of these growth factors, absence of comprehensive charging infrastructures and high cost of batteries have collectively inhibited the growth of NEV taxis in China.

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However, their lies tremendous opportunity for growth of new energy vehicles in China, especially, in the field of V2G (Vehicle-to-Grid) and battery swapping technology. Moreover, use of REEVs (Range Extended Electric Vehicle) is an opportunity area, especially over the next few years till the Chinese market becomes mature enough to support mass production of BEVs (Battery Electric Vehicles).

Key segments of The Electric Motors Market

China NEV Taxi Market, by Ownership
  • Company owned
  • Individually owned
China NEV Taxi Market, by Taxi Range:
  • Short range
  • Long range
In China, majority of NEV taxis are state-owned and are operated through taxi companies that receive support from the government. In 2012, company owned NEV taxis accounted for over 3/4th of the total NEV taxi market in China. With commuters preferring public vehicles over private taxis, the dominance by company-owned taxis is expected to continue over the forecast period from 2014 to 2020. In 2012, short range (80km – 150 km) NEV taxis accounted for the majority of market share. However, with advancements in battery technology, long range NEV taxis are expected to outnumber short-range NEV taxis over the forecast period from 2014 to 2020. Major industry participants include BYD Auto Co., Ltd., Anhui Jianghuai Automobile Co Ltd (JAC), Beijing Automotive Industry Holding Co., Ltd. (BAIC), Changan Automobile Co., Ltd, Beiqi Foton Motor Co., Ltd. and Dongfeng Nissan Passenger Vehicle Company among others.


About Us :
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.


Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Wednesday 30 December 2015

Liquid Nutricosmetics Set to Dominate Pills in Global Nutricosmetics Market

Transparency Market Research, in its latest report, indicates that the global Nutricosmetics Market is fueled by increasing demand for natural health and beauty products, rising medical and healthcare costs, and growing geriatric population base. These factors are estimated to drive the nutricosmetics market from US$3.3 Bn in 2013 to US$7.1 Bn in 2020 at a strong CAGR of 11.50% during that time. The report is titled “Nutricosmetics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” and is available for sale on the company website.

Nutricosmetics are natural health products that are oral based and have evolved from nutraceutical and cosmeceutical. It contains targeted nutrients and antioxidant mixed elixirs which have a treatment or preventive effect on the hair, skin or nails.

Based on product types, the Nutricosmetics Market is categorized into liquid and pill, which is further subdivided into skin care, hair care and others for both the categories. Growing consumer awareness for natural products and increasing demand for anti-aging product are the major factors driving the demand for nutricosmetic products. The Nutricosmetics market has experienced diversified trends across different regions such as North America, Europe, Asia Pacific and RoW.

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Among North America, Europe, Asia Pacific and RoW, Asia Pacific held the largest market share of 50.2% in 2013 in terms of revenue, followed by Asia Pacific. In 2013, Europe held a market share of 38.3% in terms of revenue. This trend is expected to be the same over the forecast period. It is estimated that Asia Pacific would be the largest market for nutricosmetics in 2020, followed by Europe.

The global nutricosmetics market was valued at USD 3.36 billion in 2013 and is estimated to reach USD 7.16 billion by 2020 in terms of revenue. The market in terms of revenue is projected to grow at a CAGR of 11.5% from 2014 to 2020.

Termed as the latest orally ingested health products, nutricosmetics are a combination of nutraceuticals and cosmeceuticals. Their basic composition is targeted nutrients and antioxidants that are mixed with elixirs, which perform therapeutic and preventive actions on the skin, hair, and nails. Most micronutrients are an integral part of the global nutricosmetics market. This includes flavonoids, glutathione, carotenes, coenzymes Q10, omega 3 fatty acids, collagen, and vitamin C. historically speaking, nutricosmetics were created by Ake Dahlgreen, a Swedish biochemist who specialized in internal skincare.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

 Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

What is the Major Hitch for the Organic Personal Care Products Market in the Coming Years?

 Personal Care Products
A new research report published by Transparency market Research on the global organic personal care products market reveals crucial facts pertaining to the market statistics, the primary growth drivers, restraints, threats, and opportunities. The market research report, titled “Organic Personal Care Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, offers a comprehensive outlook on the elements making an impact on the global organic personal care products market.

The organic personal care products are manufactured from natural ingredients of plants extraction under eco friendly conditions. The Organic Personal Care Products Market is segregated into different types including skin care, hair care, oral care, cosmetic and others. Skin care products include facial care products, body care products and sun care products. Organic hair care products include shampoos, conditioners, hair colors and styling products. Organic oral care products include toothpastes and mouthwashes among others. Organic cosmetics include foundation, mascara and lipstick among others. The others segment includes deodorants, toiletries and feminine hygiene products among other. Rising concerns for health safety, increasing green consciousness and growing consumer’s awareness of hazards of synthetic chemicals have fueled the demand for organic personal care products. Low consumer understanding of organic personal care products, curbing pseudo-organic products competing with organic products multiple standards creating consumer confusion are few of the factors dampening the demand of organic personal care products.

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Skin care products are the largest segment in terms of revenue and are expected to continue to dominate the organic personal care product market in terms of revenue across all the product segments in 2013. The major factors contributing to the growth of this segment are launch of new products and widening distribution channels. Hair care was the second largest product segment followed by cosmetic segment which is another highly attractive segment owing to the large numbers of new entrants in the category and increasing availability of the products.

Owing to the increase in awareness of organic personal care product across North America and Europe, North America was the largest consumer of organic personal care in 2013 and accounted for over 34.9% of the global consumption in 2013. The market is witnessing growth partly due to increasing awareness about the organic principle and mainly due to entry of new multinationals which are making organic products more easily accessible and visible for the consumer. Europe followed North America in terms of demand and accounted for over 28.9% of the global organic personal care product demand in 2013.

Germany and France were the primary consumers of organic personal care products in Europe together accounting for 17.1% and 13.6% market share respectively. Japan is expected to register the fastest growth among all regions accounting for over 42.6% of the total demand for organic personal care products in Asia Pacific. The belief in natural and organic remedies is already well ingrained in the culture of Japan; therefore it became easier for the manufactures to make the organic culture acceptable to the consumer.


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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Rise of Portable Consumer Electronics to Influence Global Multimedia Chipsets Market

 Rear Axle Commodity
Transparency Market Research has published a new report that presents a comprehensive overview of the global real axle commodity market. The report provides insights into the factors driving the global real axle commodity market and the restraints that the market is likely to face in the forthcoming years. The report is titled “Rear Axle Commodity Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” and is available on the company website for sale.

The automotive sector is one of the booming sectors currently, and is expected to witness significant growth during the forecast period. The automotive sector is presently more inclined towards customer safety and comfort as well as improved performance. In addition, emission norms passed in various regions is fueling the usage of light-weight rear axles in the automotive sector.

Rear Axle is one of the most important components used in a vehicle’s manufacturing process. A drive axle system is driven by the engine where the axle transmits torque to the wheel. It also maintains the proximity of the wheels relative to one another when the vehicle is in motion. The rear axles also ensure the stability in vehicles by distributing the weight of the vehicle equally in all its part. A non-driving axle such as the dead axle in heavy vehicles and light trucks do not have shafts and serves only as a steering component and suspension.

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Drive axle, dead axle and lift axle are the major types of rear axle commodities used in vehicles. The application and use of rear axles in railways is also of utmost significance. Straight rear axles are used for the engine of the trains and straight dead axles are used for the wagons. A straight axle is a rigid shaft which connects the left side of the wheel to the right side. This ensures the fixed axis rotation of both the wheels and such design keep the wheels stable under difficult situations.

The major type of rear axles is applicable in all vehicles and therefore the increasing demand for automobiles is directly driving the market for rear axle components. Need for compliance with various emission norms, changing customer demands along with safety, and comfort and security needs are boosting the demand for rear axles. Moreover, the demand for luxury vehicles and passenger vehicles is expected to experience exponential growth owing to higher amount of disposable income in developing regions fueling the demand for automotive components including rear axles. Furthermore, growing demand for fuel-efficient vehicles with light-weight rear axle components is also expected to drive the rear axle commodity market globally.

Major market participants profiled in this report include American Axle Manufacturing Inc., (U.S.), Meritor Inc., (U.S.), GNA Axles Limited (India), Talbros Engineering Limited (India), ROC Spicer Limited (Taiwan) and Daimler Trucks North America LLC (U.S.).


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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. 

Monday 28 December 2015

Composition of Global Personal Protective Equipment Market

Personal Protective Equipment
According to a report published by Transparency Market Research, the global personal protective market, as against its value of US$33,952.5 million in 2013, is anticipated to reach US$55,509.1 million by 2020. If the estimates hold true, the market is poised to exhibit a positive 7.3% CAGR between 2014 and 2020. The report is titled “Personal Protective Equipment Market - Global Industry Analysis, Trend, Size, Share and Forecast 2014 - 2020” and is available on the company website for sale. Stringent regulations imposed by governments and growing awareness regarding workplace safety are the key factors driving the global personal protective equipment market. Apart from this, increasing foreign investment and rapid industrialization witnessed by developing economies of Asia Pacific, South America, and Africa are also likely to boost the demand for personal protective equipment.

Personal protective equipment includes head, eye and face protection, hearing protection, protective clothing, respiratory protection, professional footwear, fall protection, hand protection and others. Apart from this, personal protective equipment also finds application across various industries including construction, manufacturing, oil and gas, chemicals, food, pharmaceuticals, transportation and others. The others segment include government usage, unorganized sector, small-scale manufacturing utilities and service stations among others.

This report has been segmented by application, by type and by geography. The study highlights current market trends and provides the forecast from 2014 to 2020. We have also covered the current market scenario for personal protective equipment and highlighted future trends that will have an impact on demand. By geography, the market has been segmented into North America, Europe, South America, Middle East, Russia, Asia Pacific and Africa. The present market size and forecast until 2020 has been provided in the report. The report also analyzes macro economic factors influencing and inhibiting growth of the personal protective equipment market.

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Professional footwear is the largest segment for personal protective equipment by type. However, the fall protection segment is the fastest growing segment for personal protective equipment. The fall protection segment was valued at USD 2,789.5 million in 2013. Apart from this, head, eye and face protection is also one of the major segments for personal protective equipment. The head, eye and face protection segment was valued at USD 5,900.2 million in 2013.

The personal protective equipment finds application across construction, manufacturing, oil and gas, pharmaceuticals, transportation and chemicals among others. The application of personal protective equipment in the manufacturing sector held the largest share. The manufacturing segment was valued at USD 6,714.1 million. The increasing awareness about workplace safety and government regulations are some of the major factors fuelling the demand for personal protective equipment in the manufacturing sector. However, the exponential growth in the logistics industry is boosting the demand for personal protective equipment in the transportation segment. The application of personal protective equipment in transportation sector is the fastest growing market. The transportation segment was valued at USD 2,604.6 million in 2013.

Major industry participants are 3M Co., Alpha Pro. Tech, Ltd., Ansell Ltd., Avon Rubber p.l.c., JAL Group, COFRA Holding AG, Oftenrich Holdings Company Limited (Golden Chang), Honeywell Safety Products, Rock Fall Ltd. and Uvex Safety Group among others.

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About Us :
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Demand for Hobs is Highest in Europe, Consumers in Asia Pacific late in Adopting Hobs

 Household Induction Cook-tops Market
The global household induction cook-tops (hobs) market is poised to reach US$10.5 bn by 2019, states a latest report by Transparency Market Research. The report, titled, “Household Induction Cook-tops Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 – 2019,” finds that the rising prices of cooking gas will prompt more consumers to switch to induction cooktops. In terms of volume, the market is predicted to stand at 21.8 mn units by 2019.

The Household Induction Cook-Tops Market refers to the global market for cook-tops, also known as hobs, which operate on the concept of induction heating/cooking. These are considered as one of the advanced technological innovations in the field of cooking. This type of cooking not only has energy efficiency benefits, but also provides health and safety benefits to users. Induction cook-tops, which are relatively new to many regions in emerging Asia-Pacific economies, are already enjoying fast adoption across consumers in Europe. The induction cook-tops market is experiencing a moderate single digit growth rate, and is expected to see gradual rise towards end of the forecast period. This is due to growing awareness and rapid urbanization in Asia-Pacific and Eastern Europe regions.

There are many factors driving the market growth for induction cook-tops, and the key influencer is the growing awareness and rise in disposable income. Induction cook-tops, which are currently considered as high-end consumer products, are gradually finding growing acceptance among consumers. The impact of disposable income growth is further multiplied by various macro and micro economic factors, such as rising fuel cost for conventional cook-tops (gas, electricity, and others), growing trend of modular kitchens in new houses, preference for a comfortable work environment in the kitchen, improved heat control with induction cooking, advanced technologies and their benefits towards healthy cooking, and many more.

Induction cook-tops are of two types, free-standing (portable) and integrated (built-in) cook-tops. Of these, the integrated cook-tops dominated the global household induction cook-tops market in 2012, and is expected to retain its leading position by 2019, growing at a CAGR of 5.3%. Demand for built-in hobs is largely contributed from regions such as Europe and Middle East, which have large houses (floor space and dedicated kitchen space). Even the trend of joint or large families in the region has positive impact on the built-in hobs demand.

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For the same reasons, geographically too, Europe is the biggest market for induction cook-tops, and accounted for more than one third of the global induction cook-tops market. However, the Asia-Pacific market is the fastest growing, and forecast to account for the highest growth share of the global market for induction cook-tops. This is because of growing acceptance of induction cooking as part of lifestyle standards. Moreover, with trend of modular kitchen being promoted by real estate developers for their projects, this demand is further expected to go up in the mid to long term.

As a result, leading players from the white goods industry are quickly moving into the induction cook-tops market in the Asia-Pacific region. Factors, such as high competition from domestic manufacturers in Europe, which has healthy concentration of both domestic and global manufacturers, is also driving these global players to look for opportunities in the Asia-Pacific market. Renowned players in the European market are Miele & Cie. KG, Smeg, Sub-Zero Wolf, AB Electrolux, Stoves, and many more. The popular names in the Asia Pacific market are Philips Electronics, Panasonic, Whirlpool, and others. Product innovation is observed as the key strategy followed by industry leaders, who are introducing cook-tops with multiple hot surfaces, advanced auto cook features, and more trendy designs.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Wednesday 23 December 2015

Global Powertrain Industry : Asia Pacific Emerging as the Most Lucrative Market for Powertrains

Transparency Market Research (TMR), a market intelligence and research firm, has recently published a research study on the global powertrain market, estimating its market value by 2020 at US$524.60 billion, developing at a CAGR of 5.3% during the period from 2014 to 2020.The report, titled “Global Powertrain Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, determines the overall value of the global powertrain market in 2013 at US$365.67 billion. It analyzes the global market for powertrains on the basis of the vehicle type, component used, and the regional markets.On the basis of vehicle type, cars, ICV, LCV, HCV, construction equipment, farm tractors, off-road vehicles, and defense vehicles are the major segments of the global powertrain market. The cars market occupied the leading position in the overall market in 2013.

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The automotive sector is one of the booming sectors currently and is expected to witness considerable growth during the forecast period. The powertrain market is presently more inclined towards fuel economy by downsizing the engines and reduction in emissions to make the vehicles environmental friendly with improved performance.

Powertrain system is one of the primary components of the vehicle. It consists of all the components that generates power for the vehicle and enables it to move. The powertrain system includes engine, drive shafts, transmission, differentials and final drive. The fuel economy, emissions or in short the overall performance of the vehicle depends on the total powertrain system.

Based on type of vehicle, the market can be sub-divided into cars, LCV’s, ICV’s, HCV”s, Off Road Vehicles, Construction Equipment, Defense Vehicles and Farm Tractors. Increasing demand for cars in Asia Pacific is one of the major factors fueling the demand for powertrain systems. Consumers are becoming more environment conscious which provides an opportunity to develop more fuel efficient and environmental friendly powertrain systems. The increase in demand for petroleum provides an opportunity to develop powertrain which runs on alternative fuel source.

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In addition, the demand for cars and construction vehicles are expected to experience exponential growth owing to increasing disposable income and development of new infrastructures in developing countries such as India, China, Japan and among others.

Major market participants profiled in this report include Continental AG, Denso Corporation, Robert Bosch, General Motors Company, Delphi Automotive Plc and Hyundai Mobis Co. Ltd. among others.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. 

Global Golf Cart and NEV Market : Competitive Landscape

 Golf Cart and NEV
The rising demand for electric vehicles for short distance and low speed commute is the primary factor driving the global golf cart and neighborhood electric vehicles (NEV) market, according to a report published by Transparency Market Research. The report, titled “Golf Cart and NEV Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, indicates that expanding at a 6.6% CAGR from 2014 to 2020, the global golf cart and NEV market is projected to grow from US$1.79 billion in 2013 to US$2.81 billion by 2020.

Global Golf Cart And NEV Market was valued at USD 1.79 billion in 2013, growing at a CAGR of 6.6% from 2014 to 2020. Golf carts are the gas powered or electric engine powered low speed vehicles used to commute in the golf courses and local vicinities. NEVs are the electric engine powered vehicles used for short distance commuting. Golf cart and NEVs utilize high end digital technology for providing better performance and efficiency with reduced pollution effects. These vehicles have multiple applications in various industries globally.

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The global golf cart and NEV market is segmented by region into North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). This market is primarily driven by growing awareness for pollution free vehicles worldwide. High degree of technological advancements in developed and developing countries such as the U.S., the U.K., France, Germany, China and Japan among others is also contributing to the growth of golf cart and NEV market globally.

Geographically, North America led the golf cart and NEV market in 2014 and the region is expected to continue its dominance in 2020. The region’s dominance is due to advancement in technology and rejuvenation of the golf industry the U.S. and Canada. Moreover, increasing fuel prices globally and affinity towards environment friendly technology are further contributing to the growth of the golf cart and NEV market. Europe and Asia Pacific followed North America in the global golf cart and NEV market to collectively account for more than forty percent of the global market revenue share.

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The golf cart and NEV market is segmented on the basis of engine types into gas powered and electric powered. On basis of type, the market is segmented into golf carts and NEVs. Among all, cleaner vehicular solutions with modern technological functionalities for regular short distance travel purposes are the primary objectives for the golf cart and NEV manufacturers.

The major companies functioning in the global golf cart and NEV market are Textron Inc., Yamaha Golf Car Co., Ingersoll Rand Corp., Dongfeng Electric Vehicle Co. Ltd., Dongyang Mechatronics Corp., Polaris Industries Inc., citEcar Electric Vehicle, Bradshaw Electric Vehicles, E-Way Golf Cars, and Garia A.S.
On a whole, the global golf cart and NEV market looks flourishing. However, the slowdown in the golf industry, triggered by the dearth of appropriate infrastructure, is likely to hamper the growth of this market significantly.

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 Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Asia Pacific was at the Forefront of the Automotive Airbag Market in 2013 ; Heavy Investments Expected to Flow into the Region

 Automotive Airbag
Automotive airbags are, at present, installed mostly in medium and luxury range cars (in terms of price). However, heavy investments in developing cheaper airbags that still meet the safety standards is a major factor boosting the automotive airbag market, according to Transparency Market Research. A recent report, titled “Automotive Airbag Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, indicates that registering an 8.1% CAGR from 2014 to 2020, the global Automotive Airbag Market is estimated to grow from US$17.24 billion in 2013 to US$29.72 billion by 2020.Rising demand for consumer safety, backed by strict government regulations regarding the installation of airbags are the primary forces driving the global automotive airbag market. In addition, the production of cars around the world is at an all-time high, further fueling the market for automotive airbags. However, the durability of cheaper airbags that can be deployed in low-cost cars continues to be a major challenge for the market. On the basis of type, the automotive airbag market is categorized into side airbag, front airbag, curtain airbag, and knee airbag. Of these, front airbags held the largest share of the overall automotive airbag market.

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The automotive segment is one of the booming sectors at present and it is expected to grow significantly in the next few years prioritizing more on customer safety and comfort. In alignment with government legislations regarding safety of drivers/passengers, automotive manufacturers are installing safety devices on a compulsory basis in cars. With technological innovations, consumers are more inclined toward adopting automotive safety products to ensure safety and comfort. Airbags and seat belt restraint systems are sophisticated car occupant systems that represent the most rapidly growing market for safety devices in recent times.

Based on the type of airbag safety systems, the market is segmented into four types: front airbag, side airbag, knee airbag, and curtain airbag. Due to advancements in technology, the market for these types is growing significantly. Regulations for adopting airbag safety systems in every passenger car by governments in Europe, North America (primarily the U.S.) and some parts of Asia Pacific have opened up huge opportunities for the market in these regions. Growing demand for consumer comfort and safety also plays an important role in the growth of this market.

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Asia pacific accounted for the largest market share in 2013, which is expected to lure heavy investment and at the same time high end research is expected to be carried out in the field of airbags. In addition, Improving lifestyles, increasing vehicle demand and changing buyer’s preferences have ensured its dominance. The Asia Pacific automotive airbag market was valued at USD 5.91 billion in 2013 and is expected to be the fastest growing automotive airbag market in the coming years.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.


Livestock is the Dominant Factor in the Growth of Global Forage Seeds Market

 Forage Seed
A new Transparency Market Research report states that the global Forage Seed Market stood at US$10.8 bn in 2014 and is predicted to reach US$17.5 bn by 2020. It is expected to expand at a CAGR of 8.40% from 2014 to 2020. The title of the report is “Global Forage Seed Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”.

Forage seed market is expected to experience steady growth throughout the forecast period. These are widely used for livestock feeding to increase their protein, energy, and reproduction level. In this report, the forage seed market is categorized into alfalfa, clover, ryegrass, chicory among others including lablab, fescue. Increasing demand of forage crops for livestock feeding is one of the major factors fueling the demand for forage seeds globally. Alfalfa held the largest market share in 2013 followed by clover and ryegrass. Others including lablab, fescue is the fastest growing segment, growing at a CAGR of 12.4%. The forage seed market has experienced diversified trends across different regions including North America, Europe, Asia Pacific and RoW. Geographically, North America held the largest market share in 2013, and is expected to continue its dominance throughout the forecast period.

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The global forage seed market is expected to witness stable growth owing to rising demand for forage feed for livestock. Apart from this, the economic benefits such as improved soil structure, prevention of soil erosion, crop rotation and risk diversification is also expected to boost the demand for forage seeds globally. The situation is further stimulated due to increasing growth of livestock particularly that of genetically modified animals. The available forages are poor in quality, deficient in available protein, energy and minerals. In order to compensate for the low productivity of the livestock, farmers maintain a large herd of animals, which adds to the pressure on land and fodder resources. In North America, the forage seed market is expected to grow significantly, due to growing demand from leading markets such as the U.S., Canada and Mexico. Currently, Asia Pacific is smaller market as compared to other developed regions. However, this market is expected to witness robust growth during the forecast period.

Global forage seed market is also segmented in terms of livestock type, namely, poultry, cattle, pork/swine and others (including aquaculture). In global forage seed market, poultry segment holds the largest market share, followed by cattle and pork/swine segment. Due to increasing demand for poultry meat and eggs, poultry farms are focusing on better quality forage seeds to improve productivity. In addition, the growing dairy industry is further contributing to the growth of forage crops that helps to increase the demand for forage seed.

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Major markets such as the U.S., Canada, France, Ireland, China, India, and Brazil among others are expected to witness robust demand for forage seeds in the coming years. Forage seed market is dominated by key players such as Allied Seed, LLC, S&W Seed Company, Hancock Farm & Seed Co., and Northstar Seed Ltd. These companies supply different forage seeds through strong distribution channels.

Global forage seed market is valued at USD 10,789.3 million in 2014 and is expected to reach USD 17,508.5 million by 2020, growing at a CAGR of 8.4% from 2014 to 2020. The growth in the forage seed market is primarily attributed to growing demand for forage crops for feeding livestock in developed markets such as the U.S., Canada, France, Ireland, China and Brazil.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. 

Tuesday 22 December 2015

Global Railcar Mover Market to be stimulated by Growth in Railway Transit Networks in Asia Pacific

 Railcar Mover
According to a new market report published by Transparency Market Research “Railcar Mover Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” the railcar mover market is growing at a CAGR of 1.02% from 2014 to 2020.

The Railcar Mover Market research study analyzes the market on a global level, and provides estimates in terms of revenue (USD million) from 2014 to 2020. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the next few years.


The railcar mover market has been growing at a steady pace. Moreover, rising economic activities and rapid industrialization across the various regions globally are expected to boost the market in future. Rise in economic prosperity, GDP gains and rapid industrialization in developed countries in APAC and RoW poised the growth of the market during the forecast period from 2014 to 2020.

Key manufacturers of railcar movers in North America include Trackmobile, Railking, and Shuttlewagon.

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The rapid expansion of crude oil production in North America has increased the usage of railroad tank cars to carry crude to refineries. Asia Pacific railcar mover market is expected to grow at a CAGR of 1.33% during the period 2014 to 2020. The rising economy, high disposable income and GDP gains further drove the industrialization in Asia Pacific. Increasing expenditure for logistics in crude oil, natural gas and mining industry is one of the major factor boosted growth of the railcar mover in Middle East market. The global railcar mover market is highly concentrated among players such as Trackmobile, Shuttlewagaon, Railking and other players, who have substantial presence across the U.S., Canada, Europe, and Asia Pacific.

North America accounted for the largest market share in 2013, which is expected to lure heavy investment and at the same time high end research is expected to be carried out in the field of railcar mover. The increase in production of oil, natural gas, renewable, coal, and other liquid bio-fuels further spurred growth of the railcar movers market in North America.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

 Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Asia Pacific Automotive Engine Management System Market : Most Dominant Regional Market

 Automotive Engine Management System
According to a recently published market study by Transparency Market Research (TMR), the Global Automotive Engine Management System Market is expected to register a 5.50% CAGR from 2015 to 2021. The report, titled “Automotive Engine Management System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” states that the global automotive engine management system market, which stood at US$145.1 bn in 2014, is expected to be worth US$210.6 bn by 2021.

The automotive industry is one of the growing sectors currently and is expected to show significant growth during the forecast period. The automotive engine management system market is presently more inclined towards fuel efficiency. In order to reduce emissions and to manufacture the vehicles more environmental friendly and technologically upgraded, the OEM’s are concentrated on developing advanced engine management system.

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The automotive industry is one of the growing sectors currently and is expected to show significant growth during the forecast period. The automotive engine management system market is presently more inclined towards fuel efficiency. In order to reduce emissions and to manufacture the vehicles more environmental friendly and technologically upgraded, the OEM’s are concentrated on developing advanced engine management system.

Automotive engine management forms an integral part of any vehicle. It provides proper functioning of a vehicle and enables it to run smoothly without any trouble. Automotive engine management system consists of ECU (engine control unit), fuel pump, engine sensors and other components which transmits overall engine response to the engine management system. The fuel economy, emissions and the overall performance of the vehicle depends on the engine management system.

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Based on vehicle type, the market is segmented into passenger car, LCV, and HCV. Increase in demand for passenger car in Asia Pacific is one of the major factors boosting the growth of automotive engine management system. Strict government norms for the environment are acting as an opportunity to develop more fuel efficient and environmental friendly automotive engine management system. The increase in demand for gasoline and diesel provides an opportunity to develop engine management system which runs on alternative fuel source.

In addition, the demand for passenger cars, LCV and HCV are expected to experience substantial growth due to increase in disposable income and infrastructural development in countries such as India, China, and Japan among others.

Key players profiled in this report include Continental AG, Denso Corporation, Robert Bosch, Sensata Technologies, Delphi Automotive Plc and Hella Kgaa Hueck & Co. among others.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Americas Spas and Beauty Salons Market Grows with Increasing Urbanization and Affluence of Consumers

 Spas and Beauty
Transparency Market Research has recently published a market study that offers insights into the factors that will be governing the Spas And Beauty Salons Market in the Americas for the period from 2014 to 2020. The report, titled “Spas and Beauty Salons Market - South America, Central America and North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2020”, is available for sale on the company website. The report states that the Americas spas and beauty salon market will rise at a 7.2% CAGR from 2014 to 2020. As such, the market, which stood at US$85.1 bn in 2013, is slated to be worth US$138.2 bn by 2020.

Consumers’ changing perception towards personal care coupled with continuous strive to improve general well-being are generating a positive impact on the spas and beauty salons industry. Growing consumer need to improve personal appearance and well-being has increased the demand for wellness solutions. Spa centers and beauty salons, in order to meet the increasing demand for unique spa and beauty services, are constantly striving to improve their services by focusing on changing consumer preferences. With the growing preference for healthy lifestyle, spas and beauty salons market in Mexico is expected to witness growth over the forecast period.

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Moreover, the U.S. is dominating market for spas and beauty salons across rest of North America. Argentina and Colombia is dominating market for spas and beauty salons across South America. In Central America, Panama and Nicaragua is leading spas and beauty salons market. Increasing disposable income and changing consumer expenditure pattern related to personal appearance are boosting the growth of the Americas spas and beauty salons market.

In addition, rising beauty awareness and concern towards personal appearance are driving the North America spas and beauty salons market. Rising stress levels, both mental and physical, among consumers of various age groups are stimulating the demand for spas and beauty services across South America and Central America. Consumers’ changing perception towards personal care, and continuous strive to improve general well-being is also generating a positive impact on the Americas spas and beauty salons industry. Spa therapies, and services provided by beauty salons, such as body polishing and massages such as relaxation tranquility massage, exfoliate the skin by refining pores. Special spa massages rejuvenate the skin by promoting cellular renovation and by providing uniform relief.

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Spas and beauty salons in the region are adopting new techniques and therapies to satisfy growing consumer needs. Furthermore, several large beauty salon chains and spa centers are adopting new techniques and machineries to improve services and obtain better results. Professional beauty and spa parlors are keen on acquiring qualified workforce for better service delivery. Moreover, spa centers and beauty salons are organizing training programs that meet international standards for beauticians to improve their services.

Americas spas and beauty salons market was valued at USD 85.11 billion in 2013 and expected to reach USD 138.27 billion by 2020, growing at a CAGR 7.2% over the forecast period. Increasing consumer demand for various therapeutic massage techniques, which reduce stress and provide instant relaxation to the body and mind, is a crucial factor for the growing popularity of this market.

North America held the largest market share in Americas spas and beauty salons market followed by South America in 2013. With rising consumer concerns over personal appearance and lifestyle, the spas and beauty salons industry has been witnessing significant growth over the past few years. Consumer awareness of the benefits associated with spas and beauty salon services is also propelling the growth of the Americas spas and beauty salons market.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.