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Plant Based Food Market Size Analysis and Industry Growth Opportunity, 2018-2028

Global Plant based Food Market Size Analysis, 2019-2028

REPORT ID: BR733 Domain: Food & Beverages Published Date: August 2019
Pages: 300+ Format: PDF

Global Plant Based Food Market Size is estimated to be valued over 12.9 billion in 2019 and will register a CAGR of above 10.3% to create high revenue opportunity during the forecast period 2019-2028. The industry is expected to create 2.4X higher sales revenue in 2028 than in 2019.

The food space is experiencing a major shift in recent years with processed and mass produced foods enriched with artificial ingredients, hormones, antibiotics and largely devoid of real nutrition are rapidly losing their appeal. Consumers are inclining towards plant-based protein over animal-based protein since consumers prefer green natural ingredients. As of 2019, the industry is still relatively in early stage and thereby offers immense growth prospective for engaged industry players. Key players are primarily focusing on taste innovation as product strategy and merger acquisition as go-to-market strategy. In last few years, there were series of mergers acquisition in the segment. For instance, in 2018, Unilever acquired The Vegetarian Butcher. Another major company, Danone acquired plant based dairy alternative company Alpro in 2017. As per the independent estimates, Danone accounted for 16% of global plant based food market share in 2018.

Global Plant Based Food Market Drivers and Challenges

Pant based food market revenue is expected to be driven by various factors. Some key macroeconomic factors expected to boost the sales and growth of the product are increased per capita income, changing lifestyle with rising consumer awareness and rise in GDP among developing economies along with rapid product innovation.

Moreover, the wave of health consciousness that is spreading over the developing countries is another factor of that increases global plant-based protein market in terms of revenue, so much so that nearly 60% of millennials consume plant-based meat.

Increasing demand for natural and organic products has further boosted the overall plant based food market in the world. These foods are deemed to be environmentally safe as it leads to lesser carbon credits compared to meat based counterpart. Making consumers shift from the acquired and traditional taste of dairy product in addition to change in the perception and substitute sources of protein such as animal based protein and synthetic protein create restrains to global plant-based protein market to grow.

Global Plant Based Food Market Analysis, By Product

On the basis of product type, the plant based food market size is segmented into plant based milk, plant based dairy, plant based meat, plant based meals, tofu and tempeh,  plant based condiments, plant based eggs and others. Among these, plant based milk and plant based dairy market are expected to account for over 69% of overall global shares in 2019. Much of the demand is expected to generate from U.S. In 2019, milk alternative registered fastest growth compared to that in 2018. Sales of almond milk has gained considerable share due to wide scale popularity among consumers. Almond milk is expected to register 9.5% CAGR between 2018 and 2028.

Meat alternatives are the another key segment for industry players. In last ten years, many new startups has emerged in the segment citing increasing vegan population. Beyond Meat is one such startup that has successfully expanded its business reach in North America. As of 2019, the company has over 400 employees. The company focuses on taste innovation and new-to-market products in order to gain substantial consumers. For instance, the company uses 22 different ingredients in order to match the texture and taste of meat burger. Founded in 2009, consistent innovation has helped company to reach valuation worth over US$ 1 billion.

Global Plant Based Food Market Analysis, By Application

On the basis of application, plant based food market revenue is analyzed across food and beverage industry, feed industry, pharmaceutical industry and others. Food and beverage segment contributes highest revenue in the global plant-base protein market among all the application segments. The main revenue generating segments are non-dairy beverages (refrigerated and shelf stable), cheese alternatives, meat alternatives (frozen and refrigerated), and tofu products.

Global Plant Based Food Market Size and Forecast: Regional Analysis

Globally, North America plant based foods market dominated the global sales. The region generated US$ 4.3 billion sales revenue for plant based food players. US is the largest market in the region and to facilitate the trade, it has set up The Plant Based Foods Association which represents nearly 75 of the nation’s leading plant-based food companies. Favorable business scenario and growing consumer awareness towards meat based alternatives is expected to heighten the total sales.

Western Europe stands next to Western Europe with 378 basis point difference. Majority of the sales was derived from Germany and United Kingdom owing to higher per capita income and growing awareness related to green diets. This has led consumers to shift from meat based diets to plant based diets. There exists huge addressable market in Western Europe, however, only a fraction of the total potential is capitalized by the industry players. This is because plant based foods are generally marketed as premium products, which has limited the sales demand in few Western Europe countries witnessing slowdown in economy.

Global Plant Based Food Market Size and Forecast: Competition Landscape

Some of the key global plant based food market companies are Archer Daniels Midland Company, Cargill, Incorporated, E. I. du Pont de Nemours and Company, Fonterra Co-Operative Group, Kerry Group plc, Beyond Meat, Sun Brothers, LLC., Vega, Danone S.A., AMCO Proteins, Hilmar Cheese Company, Inc., and Omega Protein Corporation. Just this year, Healthcare firm Otsuka Pharmaceutical has signed a definitive agreement to purchase a 100% stake in Canadian plant-based foods manufacturer Daiya Foods for C$405m which is a clear indication of steady growth of the plant-based foods because of consumers shift away from animal products towards plant-based options and a complete change in market scenario.

A whole new food ecosystem is growing, fuelled by startups that are responding to consumer demand by offering more plant-based options but are also accelerating this shift towards healthy food habits. Vegan meals, dairy free yogurts, plant meats are the future market leaders of the food and beverage industry.

Research Scope:

By Product Type:

  • Plant based Milk Products
  • Plant based Dairy Products
  • Plant based Meat Products
  • Plant based Meals
  • Tofu and Tempeh
  • Plant based Condiments
  • Plant based Eggs
  • Others

By Application:

  • Food and Beverage Processing Industry
  • Pharmaceutical Industry
  • Feed Industry
  • Others

What Will You Discover in the Report?

  • An in-depth analysis of the Plant based Foods market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Plant based Foods market revenue is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Plant based Foods market in near future
  • Which current and upcoming technologies will shape up the Plant based Foods market?
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Plant based Foods industry during the forecast period
  • Who are the Plant based Foods industry leaders and what are the key initiatives taken by them for long term growth?
  • Industry exclusive use cases

Who will benefit from the Report?

  • Plant based Foods Manufacturer
  • Plant based Foods Raw Material Supplier
  • Plant based Foods Solution Providers
  • Consultants and Analysts
  • Researchers

Analyst access with Bekryl Market Analysts

Purchasing of global Plant based Foods market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Plant Based Food Industry Scope (TOC)

  1. Report Structure
  2. Executive Summary
  3. Research Methodology
  4. Plant Based Food Market
    • Market Outlook and Forecast
    • Growth Forecast Analysis Scenario
    • Meat Market Overview
    • Addressable Market for Plant based Food Industry
    • Out of Pocket Spending Analysis, (By Selected Countries)
    • Value Chain Analysis
  5. Global Plant Based Food Market Overview
    • Global Plant Based Food Market Size, 2018-2028
    • Growth Analysis, 2019-2028 (%)
    • Key Industry Players
    • Key Vendors and Suppliers
    • Revenue Analysis:
      • Plant based Food Vs. Animal based Foods Market
        • Analysis by Products
      • Supply Chain Gap Analysis
  1. Plant Based Food Market Dynamics
    • Market Drivers
      • Demand Side Drivers
      • Supply Side Drivers
      • Macroeconomic Drivers
    • Market Challenges
    • Industry Trends
    • Market Opportunities
    • Marketed Details
    • Porters Analysis
    • PESTLE Analysis
    • Market Investment Proposition
    • Key Developments
    • Merger Acquisition – Impact Analysis
    • New Entrants Competitive Scenario
    • Production Scenario
  2. Plant Based Food Market, By Product
    • Introduction and Key Trends
    • Market Share Analysis, 2019 and 2028, (%)
    • Plant Based Milk
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Plant Based Dairy Products
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Plant Based Meat Products
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Plant Based Meals
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Tofu and Tempeh
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Plant Based Condiments
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Plant Based Eggs
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Others
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
  1. Plant Based Food Market, By Application
    • Introduction and Key Trends
    • Market Share Analysis, 2019 and 2028, (%)
    • Food and Beverage Industry
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Feed Industry
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Pharmaceutical Industry
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Others
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
  1. North America Plant Based Food Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Application
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • United States
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • United States Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • Canada
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Canada Plant Based Food Market Analysis, Across Segments (By Product, By Application)
  1. Western Europe Plant Based Food Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Application
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • Germany
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Germany Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • United Kingdom
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • United Kingdom Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • France
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • France Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • Italy
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Italy Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • BENELUX
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • BENELUX Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • NORDIC
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • NORDIC Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • Rest of Western Europe
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of Western Europe Plant Based Food Market Analysis, Across Segments (By Product, By Application)
  1. Central and Eastern Europe (CEE) Plant Based Food Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Application
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • Russia
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Russia Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • Poland
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Poland Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • Ukraine
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Ukraine Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • Rest of CEE
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of CEE Plant Based Food Market Analysis, Across Segments (By Product, By Application)
  1. Asia Pacific Plant Based Food Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Application
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • China
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • China Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • India
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • India Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • Japan
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Japan Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • ASEAN
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • ASEAN Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • Australia and New Zealand (ANZ)
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • ANZ Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • South Korea
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • South Korea Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • Rest of Asia Pacific
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of Asia Pacific Plant Based Food Market Analysis, Across Segments (By Product, By Application)
  1. Latin America Plant Based Food Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Application
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • Brazil
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Brazil Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • Mexico
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Mexico Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • Argentina
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Argentina Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • Rest of Latin America
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of Latin America Plant Based Food Market Analysis, Across Segments (By Product, By Application)
  1. Middle East Plant Based Food Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Application
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • GCC
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • GCC Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • Rest of Middle East
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of Middle East Plant Based Food Market Analysis, Across Segments (By Product, By Application)
  1. Africa Plant Based Food Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Application
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • South Africa
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • South Africa Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • Central Africa
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Central Africa East Plant Based Food Market Analysis, Across Segments (By Product, By Application)
      • North Africa
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • North Africa Plant Based Food Market Analysis, Across Segments (By Product, By Application)
  1. Company Landscape: Plant Based Food Industry
    • Competition Dashboard
    • Company Market Positioning, 2018
    • Key Industry Players Across Regions
    • Distribution Channel Matrix
    • Company Profiles
      • Archer Daniels Midland Company
        • Company Overview
        • Regional Presence Assessment
        • Key Offerings
        • Key Developments
        • Business Strategy
          • Product Level Strategy
          • Go-to-Market Level Strategy
          • Regional Level Strategy
        • SWOT Analysis
      • Cargill, Incorporated
      • I. du Pont de Nemours and Company
      • Fonterra Co-Operative Group
      • Kerry Group plc
      • Beyond Meat
      • Sun Brothers, LLC.
      • Vega
      • Danone S.A.
      • AMCO Proteins
      • Hilmar Cheese Company, Inc.
      • Omega Protein Corporation

(*Key Pointers mentioned is covered across all other companies)

   

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Bekryl Analysts track over 800 media channels and over 9000 market players to get the most blistering information on latest happening. It helps Bekryl to contribute consulting solutions that is proven and effective for clients.

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By |2019-08-29T13:45:17+00:00August 28th, 2019|

Radiation Therapy Equipment Market Share, Size and Industry Opportunity Analysis, 2019-2028

Global Radiation Therapy Equipment Market Size Analysis, 2019-2028

REPORT ID: BKR1067 Domain: Medical Devices Published Date: August 2019
Pages: 270+ Format: PDF

Global Radiation Therapy Equipment Market size is estimated to be valued over US$ 5,913 million in 2019, registering a CAGR of 6.1% between 2019 and 2028. The industry is highly consolidated with leading players accounting for three fourth of market share. In the last few years, companies started focusing on enhancing sales presence and partnering with third party suppliers in order to lower cost. It is expected that competition in the market will heighten as a result of industry players adopting inorganic growth strategy.

  • Rise in chronic illness cases, demanding early diagnosis and effective treatment will propel the sales of radiation therapy equipment. According to the World Cancer Research Fund, over 17 million new cancer cases were diagnosed in 2018. The number of such cases is increasing at alarming rate owing to sedentary lifestyles. Demand for effective treatment will boost the equipment sales.
  • Technological advancement will play a pivotal role in sales. Consumers are moving towards personalized solution. In future, this will be a key strategic trends for the companies. Equipment design will be centric to companies’ strategy in order to strengthen market presence.

Global Radiation Therapy Equipment Market Size, Analysis across Segments:

  • On the basis of therapy, the industry revenue is analyzed across external beam radiation therapy, internal beam radiation therapy and systematic radiation therapy. Among these, systematic beam radiation therapy accounted for the highest share in 2018. External radiation therapy is widely used in case of cancer related cases and is projected to register fastest growth during the forecast period.
  • On the basis of equipment, the industry revenue is analyzed across Radiosurgery, Proton Therapy, Brachytherapy, Adaptive Radiotherapy, Intra-operative radiotherapy (IORT), Molecular Radiotherapy.
  • On the basis of end-use, the revenue is analyzed across hospitals, specialty clinics, diagnostic centers, ambulatory surgical centers. Among these, majority of the procedure was carried out in hospitals. Sales of radiation therapy equipment in hospitals accounted for 61% of total sales.

Global Radiation Therapy Equipment Market Size, Regional Analysis:

Sales of radiation therapy equipment was predominantly higher in North America. This is mainly attributed to well established healthcare infrastructure, good reimbursement policies and rising number of chronic illness cases in the region. On supply side, companies mainly operate through direct distribution channel, long term partnership with end-use clients and product level innovation. Western Europe trails behind North America.

Western Europe trails behind North America, accounting for 31% of global radiation therapy equipment sales in 2018. Germany dominated the sales followed by UK and France.

Global Radiation Therapy Equipment Market Size, Competition Landscape:

Some of the key industry players covered in the report are:

  • GE Healthcare
  • Accuray Incorporated
  • Elekta AB
  • Varian Medical Systems Inc.
  • Sumitomo Heavy Industries Ltd.
  • Hitachi America Ltd.
  • RaySearch Laboratories AB
  • IBA Group
  • Philips Healthcare
  • BrainLab AG
  • Nordion Inc.

Research Scope:

By Therapy Type:

  • External Beam Radiation Therapy
  • Internal Beam Radiation Therapy
  • Systematic Radiation Therapy

By Equipment Type:

  • Radiosurgery
  • Proton Therapy
  • Brachytherapy
  • Adaptive Radiotherapy
  • Intra-operative radiotherapy (IORT)
  • Molecular Radiotherapy

By End-use:

  • Hospitals
  • Specialized Clinics
  • Diagnostic Centers
  • Ambulatory Surgical Centers
  • Others

What Will You Discover in the Report?

  • An in-depth analysis of the Apheresis Equipment market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Apheresis Equipment market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Apheresis Equipment market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Apheresis Equipment industry during the forecast period
  • Who are the Apheresis Equipment industry leaders and what are the key initiatives taken by them for long term growth

Analyst access with Bekryl Market Analysts

Purchasing of Sleep Diagnostic Systems market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

   

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We work together with our clients to present strategic market research solutions that not only helps in understanding the net opportunity but also industry macroeconomic trends shaping the market. We extend our services to all types of industries ranging from inspiring startups to industry giants.

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We provide strategic solutions that help client meet their business needs. Our market research and consulting services includes wide range of organizations ranging from industries to educational and research institutes. Our well-equipped analytical team help client to explore digital platform for maximizing profits.

Industry Partnership

Bekryl Analysts track over 800 media channels and over 9000 market players to get the most blistering information on latest happening. It helps Bekryl to contribute consulting solutions that is proven and effective for clients.

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By |2019-08-13T11:41:17+00:00August 13th, 2019|

Global Electric Scooters and Motorcycles Market Size Analysis and Industry Opportunity

Global Electric Scooters and Motorcycles Market Size Analysis, 2018-2028

 

REPORT ID: BKR644 Domain: Automotive & Transport Published Date: June 2019
Pages: 285 Format: PDF

 

 

Global Electric Scooters and Motorcycles Market Size is estimated to be valued at USD 20 billion in 2019 and will register a CAGR of 8.5% to create high revenue opportunity for industry players during the forecast period.

Electric Motorcycles and Scooters Market

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Electric scooters and motorcycles market will be fueled by sustainable growth initiative taken up by various government across world. Depleting oil reserves has led to development of alternative solutions. The market is strong in developing regions of Asia Pacific and Latin America. Much of the sales is concentrated to China. However, in the last few years there has been many major developments in the industry ranging from increase in number of dealers to adoption of online sales channel and enhancement in technology. The industry is expected to be consolidated by 2025.

Global Electric Scooters and Motorcycles Market Drivers and Challenges

Global electric scooters and motorcycles market primarily driven by large presence of OEM and government initiative towards sustainable growth. Moreover, increase in disposable income of working class population is creating favorable demand for electric two wheelers. Increase in awareness is also playing a key role in overall development of electric scooters and motorcycles market. Electric scooters and motorcycles market account for over 2.5% of total two wheelers on road. This share is expected to touch 8% by 2023.

Increasing interest from large scale manufacturers and decline in battery costs by 65% will create a favorable market landscape for electric motorcycles and scooters players. Various players such as Harley Davidson and Yamaha are poised to expand their product offerings into this space. It is expected that a total of 129 million units of electric scooters and motorcycles will be running on the road by 2028.

The industry is also witnessing increase in number of dealership. For instance, in India total dealers are somewhere close to 300 which is 50% higher compared to that in 2013. Companies are focusing on online sales platform to further increase their business presence. In 2016, Hero Electric sold around 500 electric two wheelers through online channel – Paytm. Share of online channel will further increase with digitization.

Global Electric Scooters and Motorcycles Market Analysis, By Vehicle Type

By vehicle type, global electric scooters and motorcycles market is segmented into Motorcycles and scooters. While electric scooters will continue to dominate the market, motorcycles will register fastest CAGR during the forecast period. Over 5 million units of electric scooters are expected to be sold in 2018.

electric scooter market trends and developments in 2019

Global Electric Scooters and Motorcycles Market Size Analysis, By Battery Type

By battery type, lithium ion will continue to dominate the industry owing to light-weightiness and high power efficiency. Furthermore, the percent share will increase with advancement in lithium ion technology.

Global Electric Scooters and Motorcycles Market Size and Forecast: Regional Analysis

Globally, Asia Pacific will dominate the global electric scooters and motorcycles market size. In 2018, Asia Pacific and Western Europe accounted for over 89% of total sales.

Asia Pacific is primarily dominated by China and India. Various key development took place in the China market in last few years. The country not only leads in overall sales but also in production capacity. Sales is highly fragmented with presence of many players. Yadea, Aima, Zhejiang Luyuan collectively accounted for nearly 23% of overall sales in 2017 in China. It is a major exporter of e-vehicles in Europe and Africa. Yangtze River Delta and Bahai Economic Rim are two special zone in China, wherein, much of the production takes place. Companies in China are focused towards product level strategy to expand their market share. For instance, Chinese firm Niu is using a combination of big data and IoT to create smart e-scooter.

Another major Asia Pacific country – India – is witnessing market consolidation. Top 3 players account for over 80% of market share. Honda Motorcycle & Scooter India, Hero MotoCorp, Yamaha, TVS Motor Mahindra Two Wheelers, and Bajaj Auto have scheduled launches of electric two-wheelers from 2018.

Global Electric Scooters and Motorcycles Market Size and Forecast: Competition Landscape

Some of the key Electric Scooters and Motorcycles market industry players are Yadea, Aima, Zhejiang Luyuan, Niu, Amego Electric, Alta Motors, Energica Motor Company, BMW, Govecs Group, Honda Motors, KTM, Mahindra GenZe, Sunra, Suzuki Motors Corporation, Terra Motors Group, Victory Motorcycles, Yamaha Motors, Zero Motorcycle, Z Electric Vehicle, and Shandong Incalcu Electric Vehicle.

Industry Segmentation

By Vehicle Type:

  • Electric Scooters
  • Electric Motorcycles

By Battery Type:

  • Lithium Ion
  • Ni-MH
  • Sealed Lead Acid (SLA)

By Technology:

  • Plug In
  • Extended Battery

By Voltage:

  • 24 V
  • 36 V
  • 48 V
  • >48 V

What Will You Discover in the Report?

  • An in-depth analysis of the Electric Scooters and Motorcycles market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Electric Scooters and Motorcycles market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Electric Scooters and Motorcycles market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Electric Scooters and Motorcycles industry during the forecast period
  • Who are the Electric Scooters and Motorcycles industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Electric Scooters and Motorcycles Industry Suppliers
  • Electric Scooters and Motorcycles Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Electric Scooters and Motorcycles market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Electric Scooters and Motorcycles Market Overview

  1. Executive Summary
  2. Research Methodology
  3. Electric Scooters and Motorcycles Market Overview
    • Market Outlook and Forecast
    • Growth Forecast Analysis Scenario
    • Electric Vehicle Market Overview (Parent Market)
    • Out of Pocket Spending Analysis, By Selected Countries
    • Value Chain Analysis
    • R&D Spending Analysis
  4. Global Electric Vehicle Market Overview
    • Market Outlook and Forecast
      • Two Wheeler Industry Production
      • Comparative Analysis with Conventional Two Wheeler Industry Production
    • Leading Industry Players
  5. Electric Scooters and Motorcycles Market Dynamics
    • Market Drivers
      • Demand Side Drivers
      • Supply Side Drivers
      • Macroeconomic Drivers
    • Market Restraints
    • Trends
    • Opportunities
      • Key Component Supplier Analysis
      • Product Development Analysis
        • Power Range
        • Vehicle Development, By Weight
        • Motor Specification and Key Manufacturers
        • Battery Specifications and Key Trends
      • Marketed Details
      • Porters Analysis
      • PESTLE Analysis
      • Market Investment Proposition
      • Key Developments and Mergers and Acquisitions
  1. Electric Scooters and Motorcycles Pricing Analysis
    • Pricing Forecast, By Vehicles
    • Pricing Trends
  2. Electric Scooters and Motorcycles Market, By Vehicle
    • Introduction and Key Trends
    • Market Share Analysis, 2017 and 2028 (%)
    • Electric Scooters
      • Electric Retro Scooters
        • Market Value Forecast, 2018-2028, (US$ Mn)
        • Comparative Analysis: Conventional Motorcycle Market Share Vs Electric Motorcycles Market Share
        • Unit Sales Forecast (Mn Unit)
        • Y-o-Y Growth Analysis (%)
      • Electric Kick Scooters
        • Market Value Forecast, 2018-2028, (US$ Mn)
        • Unit Sales Forecast (Mn Unit)
        • Y-o-Y Growth Analysis (%)
      • Electric Motorcycles
        • Market Value Forecast, 2018-2028, (US$ Mn)
        • Comparative Analysis: Conventional Motorcycle Market Share Vs Electric Motorcycles Market Share
        • Unit Sales Forecast (Mn Unit)
        • Y-o-Y Growth Analysis (%)
      • Electric Bicycles
        • Market Value Forecast, 2018-2028, (US$ Mn)
          • General Purpose Electric Bicycle
          • Two Wheeler Electric Cargo Bicycle
          • Three Wheeler Electric Cargo Bicycle
        • Unit Sales Forecast (Mn Unit)
        • Y-o-Y Growth Analysis (%)
      • Others (Segway, one-wheeled, etc)
        • Market Value Forecast, 2018-2028, (US$ Mn)
        • Unit Sales Forecast (Mn Unit)
        • Y-o-Y Growth Analysis (%)
      • Market Attractiveness Analysis
  1. Electric Scooters and Motorcycles Market, By Drivertrain Technology
    • Introduction and Key Trends
    • Market Share Analysis, 2017 and 2028 (%)
    • Plug-in
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Unit Sales Forecast (Mn Unit)
      • Y-o-Y Growth Analysis (%)
    • Extended
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Unit Sales Forecast (Mn Unit)
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  2. Electric Scooters and Motorcycles Market, By Battery Type
    • Introduction and Key Trends
    • Market Share Analysis, 2017 and 2028 (%)
    • Lithium Ion Battery
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Unit Sales Forecast (Mn Unit)
      • Y-o-Y Growth Analysis (%)
    • Lead Acid Battery
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Unit Sales Forecast (Mn Unit)
      • Y-o-Y Growth Analysis (%)
    • Nickel Metal Hydride
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Unit Sales Forecast (Mn Unit)
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  3. Electric Scooters and Motorcycles Market, By Voltage
    • Introduction and Key Trends
    • Market Share Analysis, 2017 and 2028 (%)
    • <24 V
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Unit Sales Forecast (Mn Unit)
      • Y-o-Y Growth Analysis (%)
    • 24 V
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Unit Sales Forecast (Mn Unit)
      • Y-o-Y Growth Analysis (%)
    • 36 V
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Unit Sales Forecast (Mn Unit)
      • Y-o-Y Growth Analysis (%)
    • 48
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Unit Sales Forecast (Mn Unit)
      • Y-o-Y Growth Analysis (%)
    • >48 V
      • Market Value Forecast, 2018-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  4. Electric Scooters and Motorcycles Market, By Region
    • Introduction
    • Regional Trends
    • Regional Market Share Analysis, 2017 and 2028 (%)
    • Industry Value Proposition Analysis
    • Comparative Ranking Analysis, By Segments
    • Key Developments
  5. North America Electric Scooters Market Size and Share Analysis
    • Introduction
    • Key Trends
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Country
      • United States
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • Canada
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
  6. Western Europe Electric Scooters and Motorcycles Market Revenue Analysis
    • Introduction
    • Key Trends
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Country
      • United Kingdom
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • Germany
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • France
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • Italy
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • BENELUX
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • NORDIC
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
  1. Central and Eastern Europe (CEE) Electric Scooters Market Value and Share Analysis
    • Introduction
    • Key Trends
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Country
      • Russia
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • Poland
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • Ukraine
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
  1. Asia Pacific Electric Scooters and Motorcycles Market Share and Revenue Analysis
    • Introduction
    • Key Trends
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Country
      • China
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • India
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • Japan
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • ASEAN
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • Australia
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • South Korea
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • Rest of Asia Pacific
  1. Latin America Electric Motorcycles and Scooters Market Size Analysis
    • Introduction
    • Key Trends
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Country
      • Brazil
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • Mexico
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • Venezuela
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • Paraguay
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • Argentina
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • Rest of Latin America
  1. Middle East Electric Scooters and Motorcycles Market Size and Share Analysis
    • Introduction
    • Key Trends
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Country
      • GCC
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • Turkey
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
  1. Africa Electric Scooters and Motorcycles Market Size and Share Analysis
    • Introduction
    • Key Trends
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
    • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Country
      • South Africa
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • Nigeria
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
      • Algeria
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Vehicle
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Drivertrain Technology
        • Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), By Voltage
  1. Company Landscape
    • Competition Dashboard
    • Company Market Positioning, 2018
    • Key Distributors, By Regional Presence
    • Scooter Sharing Company (End-use Analysis)
    • Distribution Channel Matrix
    • Company Profiles
    • Companies
      • Polaris Industries Inc.
        • Overview
        • Products
        • Key Developments
        • Business Strategy
          • Product Level
          • Go-to-Market
          • Regional Level
        • SWOT Analysis
        • Regional Presence
      • Alta Motors
      • Micro Cars Ltd.
      • Nissan
      • Toyota
      • Volvo
      • Textron
      • Mahindra Group
      • Zero Motorcycles
      • BMW
      • Vespa Elettrica
      • Numi
      • Gogoro
      • Munro Motor
      • Terra Motors Group
      • KTM
      • Govecs Group
      • Honda Motors
      • Sondors
      • Accell Group
      • Derby Cycle Holding GmbH
      • Jiangsu Xinri E-Vehicle Co. Ltd.
      • Ninebot
      • KingSong
      • NIU Technologies
      • Hero Motocorp.

Analyst Recommendations

Electric Scooters and Motorcycles Market Research Methodology

Electric Scooters Market is registering impressive growth and is expected to create huge market opportunity for established as well as new entrants. Various new entities has emerged in the market, backed by leading investors. Companies are focusing on product innovation and good distribution networks in order to scale their business footprint. Favorable government policies has further created white space opportunity for engaged players. Next ten years is a golden era for automotive industry wherein industry players will be able to drive their sales revenue to a new height. Bekryl has conducted three month long study on electric scooters and motorcycles market to understand key factors driving the market. This report offers in-depth analysis on how the industry will shape in another ten years. The data is backed by factors and strategies adopted by companies.

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Electric Scooters and Motorcycles Market Growth Forecasting Methodology

In order to prepare historical data and analyze Electric Scooters and Motorcycles market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Electric Scooters and Motorcycles market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Electric Scooters and Motorcycles industry revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries.  Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Electric Scooters and Motorcycles industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Potential Consumer Mapping

Electric Scooters and Motorcycles Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

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We work together with our clients to present strategic market research solutions that not only helps in understanding the net opportunity but also industry macroeconomic trends shaping the market. We extend our services to all types of industries ranging from inspiring startups to industry giants.

Tailored Solutions

We provide strategic solutions that help client meet their business needs. Our market research and consulting services includes wide range of organizations ranging from industries to educational and research institutes. Our well-equipped analytical team help client to explore digital platform for maximizing profits.

Industry Partnership

Bekryl Analysts track over 800 media channels and over 9000 market players to get the most blistering information on latest happening. It helps Bekryl to contribute consulting solutions that is proven and effective for clients.

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By |2019-06-18T14:46:44+00:00June 18th, 2019|

Automotive Navigation Systems Market Share, Size and Industry Opportunity Analysis, 2019-2028

Global Automotive Navigation Systems Market Size Analysis, 2019-2028

REPORT ID: BKR1052 Domain: Automotive & Transportation Published Date: June 2019
Pages: 251+ Format: PDF

Global Automotive Navigation Systems market size is estimated to be valued over US$ 16.6 billion in 2019 and is projected to register double digit CAGR of 11.3% during the forecast period. Bekryl observes the navigation systems to be an integral part of the automotive systems. It will be available in over 250 vehicles by 2023. Higher surge in demand for navigation systems is primarily attributed to huge android depository and technological advancements. Companies are consistently focusing on contextual navigation based systems. Advancement in artificial intelligence in automotive and deep learning will create next generation GPS systems. Overall, the industry will register huge market opportunity during the forecast period.

Key Trends and Factors Driving Automotive Navigation Systems Market:

  • Increasing ride hailing services has propelled the growth of automotive GPS systems. Global on-demand transportation market is worth US$ 91 billion in 2019 and will continue to register double digit growth. These transportation services leverages real time maps as a business model. As such, growth in the segment is likely to scale the GPS systems demand globally.
  • Product innovation is one of the key trend witnessed in the market. Navigation in automobile was introduced in 1977 with electronic compass. It then transitioned to electric induced route guidance system in 1995 and now Global Positioning System (GPS). Real time maps has become a norm in the sector. Ongoing road development activities such as opening of new roads, speed limit regulations and renaming of streets/locality demands real time map.
  • Embedded Navigation System is becoming popular among automotive users. Companies are developing advanced navigation algorithms and routing logics in order to offer connected navigation. Cloud based solutions is a part of the growing embedded navigation systems. In the last five years, voice enabled embedded GPS systems has largely gained market traction. These systems work as soon as the automotive engine switched on.
  • Automotive companies are investing on autonomous vehicle R&D. These vehicle relies on real time mapping in order to drive efficiently. Navigation is core aspect to autonomous vehicles. As per the estimates, autonomous vehicle sales is expected to register 23.7% growth between 2019 and 2028. Such trend is likely to have a positive impact on overall allied segments including navigation system providers.
  • While the industry is expected to register impressive growth, it will witness some hurdles in developing region owing to lesser developed telecommunication sectors. Stringent regulations banning new sales of car is also a setback to industry. However, the trend is likely to have negative impact only for a short tenure. In 2017, Singapore banned new car orders from 2018.

Global Automotive Navigation Systems Market Size and Forecast: By Device Type Analysis

Embedded navigation systems to register fastest growth during the forecast period.

As of 2018, automotive navigation systems was dominated by smartphone based navigation systems. Inter connectedness along with easy handling is the key factor driving portable navigation systems worldwide. Embedded systems will register significant growth during the same time period.

Global Automotive Navigation Systems Market Size and Forecast: Regional Analysis

Asia Pacific Automotive Navigation Systems market accounted for 39% of global sales in 2018

Asia Pacific registered highest car sales in 2018. Higher car sales is primarily attributed to increasing per capita income along with improving road and transport infrastructure. Digitization is playing a key role in automotive sector. Furthermore, Asia Pacific has emerged as one of the leading destination for ride hailing services. This in turn has strengthened the demand for automotive navigation market in the region. China followed by India are major destination in Asia Pacific.

Global Automotive Navigation Systems Market Size and Forecast: Competition Landscape

Some key Automotive Navigation Systems market players are:

  • Aisin Seiki Co. Ltd.
  • Garmin Ltd.
  • Delphi Technologies
  • Bose Corporation
  • Tom-Tom NV
  • Mitsubishi Electric Corporation
  • Robert Bosch GmbH
  • HERE Technologies
  • Continental AG
  • Alpine Electronics Inc.
  • Pioneer Corporation

Industry Segmentation

By Product Type:

  • Embedded
  • Portable
  • Smartphone Based Devices

By Vehicle:

  • Passenger
  • Commercial

By Distribution Channel:

  • OEM
  • Aftermarket

What Will You Discover in the Report?

  • An in-depth analysis of the Automotive Navigation Systems market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Automotive Navigation Systems market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Automotive Navigation Systems market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Automotive Navigation Systems industry during the forecast period
  • Who are the Automotive Navigation Systems industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Automotive Navigation Systems Industry Suppliers
  • Automotive Navigation Systems Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Automotive Navigation Systems market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

   

HOW WE ARE DIFFERENT

Bekryl widget

 

Growth Partnership

We work together with our clients to present strategic market research solutions that not only helps in understanding the net opportunity but also industry macroeconomic trends shaping the market. We extend our services to all types of industries ranging from inspiring startups to industry giants.

Tailored Solutions

We provide strategic solutions that help client meet their business needs. Our market research and consulting services includes wide range of organizations ranging from industries to educational and research institutes. Our well-equipped analytical team help client to explore digital platform for maximizing profits.

Industry Partnership

Bekryl Analysts track over 800 media channels and over 9000 market players to get the most blistering information on latest happening. It helps Bekryl to contribute consulting solutions that is proven and effective for clients.

CONNECT WITH US

By |2019-06-03T06:56:36+00:00June 2nd, 2019|

Automotive Air Conditioning Compressor Market Share, Size and Industry Opportunity Analysis, 2019-2028

Global Automotive Air Conditioning Compressor Market Size Analysis, 2019-2028

REPORT ID: BKR1040 Domain: Automotive & Transport Published Date: May 2019
Pages: 283+ Format: PDF

Automotive Air Conditioning Compressor market size is valued at US$ 25.7 billion in 2019 and is projected to register a CAGR of 3.3% during the forecast period. Higher sales of automotive vehicles and installation of value added and comfort features across all range of cars. Demand for AC compressors in car is registering upward trajectory growth since 2010. As a result, large scale enterprises are actively strengthening their market reach and increasing production capacity. The trend was noticed across major players. Furthermore, the industry is expected to be hypercompetitive with rise in automotive production.

Key Trends and Factors Driving the Global Automotive Air Conditioning Compressor Market Revenue

  • Companies are leveraging technological advancement on product design to offer high performance compressors across range of vehicles. Noise cancellation Eco-friendly air conditioning compressors has also gained prominence in the market. In 2017, Sanden Corporation announced the development of CO2 refrigerant compressor for mass produced passenger cars. The company started supplying these CO2 AC compressors to Daimler in 2017.
  • Expected increase in sales of automotive vehicles will continue to bolster the growth of AC compressors worldwide. As per the estimates, a record 79 million units were sold in 2018. Global sales will continue to register at significant rate, thereby creating higher revenue opportunity for industry players.
  • South Asian region will witness installation of AC compressors through aftermarket. Aftermarket sales holds huge market prominence considering, the increasing per capita income and changing lifestyle. Value addition feature is getting installed across range of vehicles.
  • Stringent regulatory compliance is also playing a major role in sales and development of innovative automotive AC compressors. For instance, the European directive on mobile air conditioning systems (MACs), introduced a ban for the use of refrigerant gas with a global warming potential (GWP) higher than 150 applicable for all new cars sold in the EU since 2017. These moves are in accordance with protecting ozone layers.
  • Merger acquisition and plant expansion is the major trend witnessed in the air conditioning compressor market. In April 2019, Toyota and Denso reached agreement towards transferring core electronic component operations to Denso. Earlier, in 2014, Toyota entered in partnership with Denso to establish Yantai Shougang TD Automotive Compressor Co., Ltd., an automotive air conditioning compressor units in China. The company has production capacity of over 2 million units. Another company – Zhejiang Santian Auto Air Conditioning increased their annual production capacity to over 50,000 units.

Global Automotive Air Conditioning Compressor Market Size and Forecast: Vehicle Type Analysis

Passenger cars to account for 81% sales revenue for automotive AC compressor market players in 2019

Based on the vehicle type, industry revenue is analyzed across commercial and passenger vehicles. These are further analyzed across light weight vehicles and heavy duty vehicles. On a broader level, passenger vehicles will continue to dominate the global share owing to higher sales of these vehicles.

Global Automotive Air Conditioning Compressor Market Size and Forecast: Regional Analysis

Asia Pacific Automotive Air Conditioning Compressor market accounted for 42% of global sales in 2018.

Sales in Asia Pacific is expected to dominate the global sales owing to higher sales of automotive vehicles in the region. China, Japan and India are the major market that registered highest sales of automotive AC compressors. China is the leading manufacturer of cars worldwide. This has led automotive AC compressors market to consolidate in the OEM China. Moreover, major manufacturers have their production plant in the region to minimize the operational cost and generate higher return on investment (ROI).

North America accounted for the second largest revenue destination for industry players followed by Western Europe. Emergence of electric cars and buses will fuel the growth in the region.

Global Automotive Air Conditioning Compressor Market Size and Forecast: Competition Landscape

Some key Automotive Air Conditioning Compressor market players are:

  • Sanden Corporation
  • Denso Corporation
  • Yantai Shougang TD Automotive Compressor Co., Ltd.
  • Zhejiang Santian Auto Air Conditioning Compressor Co. Ltd
  • HELLA KGaA Hueck & Co
  • Valeo SA
  • Calsonic Kansei Corporation
  • Dunair Smiths Manufacturing PTY Ltd.

Industry Segmentation

By Vehicle Type:

  • Commercial
    • Light Weight Vehicles
    • Heavy Duty Vehicles
  • Passenger Vehicle
    • Light Weight Vehicles
      • Conventional
      • Electric
    • Others

By Product Type:

  • Swash Plate
  • Scroll
  • Rotary Vane

What Will You Discover in the Report?

  • An in-depth analysis of the Automotive Air Conditioning Compressor market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Automotive Air Conditioning Compressor market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Automotive Air Conditioning Compressor market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Automotive Air Conditioning Compressor industry during the forecast period
  • Who are the Automotive Air Conditioning Compressor industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Automotive Air Conditioning Compressor Industry Suppliers
  • Automotive Air Conditioning Compressor Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Automotive Air Conditioning Compressor market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

   

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By |2019-06-07T06:46:06+00:00May 23rd, 2019|

Automotive Torque Tool Market Share, Size and Industry Opportunity Analysis, 2019-2028

Global Automotive Torque Tool Market Size Analysis, 2019-2028

REPORT ID: BKR1039 Domain: Automotive & Transport Published Date: May 2019
Pages: 283+ Format: PDF

Automotive Torque Tool market size is valued at US$ 780 million in 2019 and is projected to register a CAGR of 3.4% during the forecast period. These are the tools designed to apply specific torque to a fastener including nuts and bolts. In the last few years, automotive ecosystem has flourished to a great extent. This has paved way for allied industry to flourish including torque tools (wrench). Sales of these torque tools has been steady since last many years and is expected to create an incremental opportunity of US$ 283 million between 2019 and 2028.

Key Trends and Factors Driving the Global Automotive Torque Tool Market Revenue

  • Since 2014, the automotive industry is registering record high sales that has helped allied industry to flourish. Over 276 million cars has been sold since 2014. Aftermarket maintenance activities is expected to fuel the demand for torque wrench worldwide. These are extensively used in maintenance and repairing activities.
  • Product innovation has also helped these torque wrench to grow at significant rate. Companies are focusing on improving the design and features in order to differentiate the products. In 2017, ITH announced the launch of battery powered torque that can wrench up to 4,000 Nm with external electronic data control. In 2014, Norbar Torque Tools launched electronic torque wrench with OLED display. Several such technological advancement will continue to bolster growth during the forecast period.
  • Emergence of electric and hybrid vehicles will be a disruptive factor for the industry players. Higher demand for electric vehicles will require customized torque wrench and as such will create higher addressable market opportunity for industry players.

Global Automotive Torque Tool Market Size and Forecast: Product Type Analysis

Hydraulic automotive torque accounted for 61% of global sales in 2018.

Based on the product type, the automotive torque is segmented into electronic and hydraulic. Hydraulic segment accounted for the highest share owing to comparatively lower prices. These hydraulic torque tools are easily available and can be found with many small scale end-use shops as well as consumers. Electronic torque tools is gaining prominence and is expected to surpass hydraulic based torque wrench by 2027. Better precision, light weight and easier maneuverability are the key factors driving the demand for electronic torque wrench worldwide.

Global Automotive Torque Tool Market Size and Forecast: Regional Analysis

North America Automotive Torque Tool market accounted for 37% of global sales in 2018

While Asia Pacific accounts for highest automotive sales worldwide, North America register itself as the market leader in torque tools sale globally. This is primarily attributed to higher consumer spending patter, consumer awareness, and better infrastructure facilities propelling the overall sales of torque wrench in the region. Increasing investment in industrial and automotive manufacturing sector will further propel the demand. Automakers are investing heavily to make region self-sufficient and reduce the overall vehicle cost. FCA US, General Motors and Ford announced nearly US$ 35 billion towards various automotive business value systems in United States. Such move is expected to further solidify the growth of allied industry in the region.

Asia Pacific will surpass the North America torque tool market by 2022. Growth in the region will be propelled by manufacturing capability in China and higher investment in infrastructure. Presence of large number of car manufacturers in China, South Korea, Japan and India has created favorable ecosystem for allied industry sectors.

Global Automotive Torque Tool Market Size and Forecast: Competition Landscape

Some key Automotive Torque Tool market players are:

  • Stanley Black & Decker Inc.
  • New World Technologies Inc.
  • Bosch
  • Core Tool Technologies
  • Dobco Equipment Ltd.
  • Design Tool, Inc.
  • Atlas Copco AB
  • Ingersoll Rand Company Ltd.
  • Apex Tool Group, LLC

Industry Segmentation

By Product Type:

  • Electronic
  • Hydraulic

By Handling Type:

  • Corded
  • Cordless

What Will You Discover in the Report?

  • An in-depth analysis of the Automotive Torque Tool market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Automotive Torque Tool market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Automotive Torque Tool market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Automotive Torque Tool industry during the forecast period
  • Who are the Automotive Torque Tool industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Automotive Torque Tool Industry Suppliers
  • Automotive Torque Tool Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Automotive Torque Tool market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

   

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Bekryl Analysts track over 800 media channels and over 9000 market players to get the most blistering information on latest happening. It helps Bekryl to contribute consulting solutions that is proven and effective for clients.

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By |2019-06-07T06:47:08+00:00May 19th, 2019|

CNG Vehicles Market Share, Size and Industry Opportunity Analysis, 2019-2028

Global CNG Vehicles Market Size Analysis, 2019-2028

REPORT ID: BKR1038 Domain: Automotive & Transport Published Date: May 2019
Pages: 283+ Format: PDF

CNG Vehicles market size is estimated to be valued over US$ 1,459 million in 2019 and will register a CAGR of 4.7% between 2018 and 2028.

Over 25.8 million vehicles worldwide are reported to be running on natural gas in 2018. Natural gas vehicles have high mileage making it preferred for choice among consumers over petrol and diesel vehicles. It is largely considered as clean source of transportation owing to reduced greenhouse gas emissions, better air quality and widespread distribution infrastructures. Moreover, horsepower and cruise speed is equivalent to conventional vehicles.

Depleting oil reserves and government push towards sustainable development is driving the demand for CNG vehicles globally. Global oil reserves has fallen by 0.9 billion since 2017. Oil reserves is expected to further deplete at higher pace with increasing energy demand. Moreover, rising gasoline prices has further de-accelerated the demand for conventional vehicles. Pollution and related economic burden on many country’s GDP has led government to opt for CNG/LPG and electric vehicles as viable mode of transportation.

Stringent regulations has also played a key role in overall sales of CNG vehicles worldwide. For instance, in May 2019, the government of U.S. state of Oklahoma extends tax incentives for CNG vehicles. Tax credits will be extended from January 2020 to 2027. In 2018, government of Delhi, India has proposed 50% less road tax for new CNG vehicles. Such move to curb pollution and meet sustainable development goal is expected to boost CNG vehicle sales.

Various companies are also emphasizing on expanding CNG vehicle fleets. For instance, in May 2019, Blue Bird launched Type-C school bus fueled by CNG. As of 2018, there are over 7000 CNG buses operational in around 150 U.S. district. Lower operational cost has created favorable demand for CNG in the country. As a result, various heavy duty vehicle manufacturers are coming up with CNG based vehicles.

Light CNG Vehicles to Dominate the Global Sales

In 2018, light weight vehicles dominated the global CNG vehicles market. The segment accounted for 73% share in 2018 and will continue to dominate the market throughout the forecast period. Growth in the segment is primarily driven by increasing sales of per passenger vehicles. Per capita spending has increased worldwide especially in developing region including India, China, Nigeria and ASEAN. At the same time, higher vehicle mileage and climate awareness has created ambient ecosystem for CNG vehicle to flourish in the region. Heavy duty vehicles including buses and trucks will have relatively sluggish growth. This is primarily due to higher emphasis on electric buses and trucks worldwide. Electric buses and trucks are registering double digit growth – replacing the conventional vehicle at higher pace. Heavy duty CNG vehicles will register a CAGR of 3.2% during the forecast period.

Global CNG Vehicles Market Size and Forecast: Regional Analysis

Asia Pacific dominated the global CNG vehicles market, with 31% market share in 2018. Growth in the region is primarily driven by China, India and Pakistan. In India, government policies has created favorable business environment for CNG vehicle players. It is expected that around half of the new vehicle sales will be CNG based in India by 2030. Under the proposed plan, the government of India unveiled Natural Gas Infrastructure Development Plan to set up 10,000 CNG stations by 2028 from 1,424 CNG stations recorded in 2018. This is a huge market opportunity for players considering the sheer size of vehicle demand in the country. As of 2019, Maruti Suzuki and Hyundai Motors accounted for highest share in India CNG vehicle market.

Middle East stands next to Asia Pacific. In Middle East, Iran dominated the regional sales in 2018. As of 2019, there are close to 1,470 CNG filling stations in Iran. Government of Iran has actively supported the sales of CNG vehicles. There are over 3.5 million CNG vehicles running on road in Iran. The number is expected to increase with government emphasizing on sustainable development. The government is providing low interest loans to those who are willing to convert gasoline/diesel vehicle to CNG based vehicle.

Global CNG Vehicles Market Size and Forecast: Competition Landscape

AS of 2019, CNG vehicles are operational in 86 countries with over 73 vehicle manufacturers investing in CNG/LNG vehicle production. As per the Bekryl, the industry will be driven by higher spending on product development. Some key CNG Vehicles market players are:

  • General Motors
  • Ford Motor Company
  • Mercedes-Benz
  • Hyundai Motor Company
  • Tata Motors
  • Maruti Suzuki India Limited
  • Bayerische Motoren Werke AG (BMW)
  • Audi AG
  • Volkswagen Group
  • Iran Khodro
  • Škoda Auto
  • Peugeot
  • Volvo Group

Industry Segmentation

By Vehicle Type:

  • Light Weight
    • Passenger Cars
  • Heavy Duty Vehicle
    • Buses
    • Trucks
    • Marine Crafts
    • Others

By Type:

  • Pure CNG
  • Hybrid CNG
    • Bi-Fuel
    • Dual Fuel

What Will You Discover in the Report?

  • An in-depth analysis of the CNG Vehicles market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the CNG Vehicles market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the CNG Vehicles market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the CNG Vehicles industry during the forecast period
  • Who are the CNG Vehicles industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • CNG Vehicles Industry Suppliers
  • CNG Vehicles Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of CNG Vehicles market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

   

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We work together with our clients to present strategic market research solutions that not only helps in understanding the net opportunity but also industry macroeconomic trends shaping the market. We extend our services to all types of industries ranging from inspiring startups to industry giants.

Tailored Solutions

We provide strategic solutions that help client meet their business needs. Our market research and consulting services includes wide range of organizations ranging from industries to educational and research institutes. Our well-equipped analytical team help client to explore digital platform for maximizing profits.

Industry Partnership

Bekryl Analysts track over 800 media channels and over 9000 market players to get the most blistering information on latest happening. It helps Bekryl to contribute consulting solutions that is proven and effective for clients.

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By |2019-06-07T07:02:00+00:00May 19th, 2019|

On-Demand Transportation Market Share, Size and Industry Opportunity Analysis, 2019-2028

Global On-Demand Transportation Market Size Analysis, 2019-2028

REPORT ID: BKR1037 Domain: Automotive & Transport Published Date: May 2019
Pages: 283+ Format: PDF

Global On-Demand Transportation market size is estimated to be valued over US$ 91 billion in 2019 and is projected to register double digit CAGR of 16.9% to create huge revenue opportunity for industry players. Since 2013, the automotive and transportation sector is witnessing a pool of disruptive changes wherein new business models have emerged. While the public sharing transportation is nothing new, smart connectivity and integration with gadgets including smartphones has changed the way on-demand transportation used to work. New ecosystem has come up with emergence of many new startups. Few of them having valuation in billion dollars.

Increasing per capita income, rising traffic and higher cost to maintain own automotive vehicles has driven the on-demand transportation market worldwide. Technological advancement has played a key role in overall growth of the market. Technology has enabled integrated mobility involving real time and multi-modal travel features with smartphones. Social trends has also played a key role in shaping the industry growth. Increasing residential locality and rising average number of occupants are other key factors.

Regulatory compliance is another key driving factor for on demand transportation industry. For instance, in 2014, Helsinki, Finland came up with the ambitious plan of making private car unnecessary. The plan is intended to meet reduction in carbon emission and promote public transportation. Such move has a positive impact on on-demand transportation market.

In the last few years, many players have emerged in the market worldwide including Uber, Lyft, Ola, etc. These players are have created new ecosystem and the system is evolving rapidly. This could be analyzed from the fact that Uber, Lyft, and Ola ridership increased exponentially since 2017. Various investors are supporting on-demand car ridership.

  • Uber is one of the leading ride sharing company. Recently, in May 2019, Uber announced to go public at US$ 45 a share. Development is expected to infuse additional funding support and enhance the business operations globally. As of May 2019, the company stands at a valuation of US$ 82 billion.
  • In March 2019, Ola secured US$ 300 million from Hyundai Motor Co. and Kia Motors Corp. The company is further looking to raise US$ 1 billion in Series J round. Earlier, in September 2018, Ola raised US$ 50 million at US$ 4.3 billion from Sailing Capital and China-Eurasian Economic Corporation Fund.
  • Another company, Lyft raised US$ 600 million in 2018, thereby making company valuation to reach US$ 15.1 billion. The company is targeting autonomous vehicle plan especially in United States and Canada.
  • In July 2018, China’s leading ride-hailing app company Didi received US$ 500 million funding from Booking.com.

Companies are expanding business presence in a bid to solidify market positioning on long term period and consolidate revenue

  • In April 2019, Didi Mobility Japan announced its plan to expand to 13 cities across Japan. Didi Chuxing also seems to be focusing on Latin America market especially Chile, Peru and Colombia.
  • In 2017, Taxify launched its service in London, UK by signing 3,000 private hire taxi driver. The company has adopted a low cost business model that helped it to register impressive growth. It charges a commission of 15% commission on rides compared to majority of them charging 20 to 25% commission.

Fierce Competition has led companies to focus on mergers and acquisitions

In last few years, many partnership and acquisitions have been surfaced in on-demand transportation market, despite being the industry still at its growth phase. This depicts aggressive marketing and expansion in order to dominate the global share. Inorganic growth strategy will continue to shape the industry throughout the forecast period.

  • In 2016, China’s Didi acquired Uber local operations in China in order to gain the brand share. Also, in 2018, the company acquired Brazil based ride sharing company 99.
  • In 2015, Ola acquired Taxi For Sure for US$ 200 million. However, the company completely integrated the platform with Ola. The company has also acquired Ridlr, an end to end public transport ticketing and communicating app.
  • In 2017, mytaxi acquired Clever Taxi, the leading taxi app in Romania. Acquisition is expected to help mytaxi to consolidate its position in Europe.
  • In March 2019, Uber acquired Careem for US$ 3.1 billion. The closing of the deal is expected to take place by early 2020. The deal will help Uber to strengthen their presence in Middle East. In April 2018, Uber acquired bike sharing startup JUMP. Two wheeler transportation is increasingly becoming popular among consumers as it helps in faster commutations in busy traffic. The move will help Uber on long term perspective.
  • In 2018, Lyft acquired Motivate, bikeke-sharing company that operates Citi Bike in New York City and Ford’s GoBike program in San Francisco, U.S.

Global On-Demand Transportation Market Size and Forecast: By Service

E-Hailing app services will account for 81% of global revenue by 2028.

On demand transportation is primarily categorized into e-hailing app services, micro mobility service and car sharing. Carsharing stands next to e-hailing app services. Zipcar, Car2go, and DriveNow are few players engaged in carsharing services. These services offers all the benefits of car ownership without any insurance or purchase costs. The trend is gaining prominence and is  expected to register higher growth compared to e-hailing app services worldwide.

Bike commuting or micro mobility services will register fastest growth during the forecast period. Micro mobility services is highly popular in urban metropolitan cities with high population density.

Global On-Demand Transportation Market Size and Forecast: By Vehicle Type

Four wheelers accounted for 86% of on-demand transportation market share in 2018.  

Four wheeler dominates the market owing to transport convenience and comforting experience. Fully autonomous concept in four wheeler is also gaining traction, which might be visible to some extent by 2028. This will further extend the four wheeler based on-demand transportation services such as vehicle on-demand, peer-to-peer sharing, first and last mile commuting and mobility as a utility. 

Global On-Demand Transportation Market Size and Forecast: Regional Analysis

Asia Pacific On-Demand Transportation market accounted for 43% of global sales in 2018

Sales revenue prospects in Asia Pacific is high owing to sheer size of population and increasing urban metropolitan cities. Also, rider per capita spending capacity has increased with emergence of IT commercials and manufacturing capacities. The region not only has socio-demographic factors but also technological factors. The region dominates when it comes to electric mobility. Also, the region is registering state-of-art technological advancement in automation. All these factors will continue to fuel the on-demand transportation market in Asia Pacific region.

Global On-Demand Transportation Market Size and Forecast: Competition Landscape

Some key On-Demand Transportation market players are:

  • Lyft, Inc.
  • Daimler AG
  • GrabTaxi Holdings Pte. Ltd.
  • Uber Technologies Inc.
  • Zimride
  • BlaBlaCar
  • TwoGo
  • Ola Cabs
  • Mytaxi
  • Taxify
  • The Hertz Corporation
  • Didi Chuxing
  • Careem

Industry Segmentation

By Service Type:

  • E-Hailing
  • Car Sharing
  • Micro Mobility

By Vehicle:

  • Four Wheeler
  • Three Wheeler
  • Two Wheelers

What Will You Discover in the Report?

  • An in-depth analysis of the On-Demand Transportation market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the On-Demand Transportation market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the On-Demand Transportation market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the On-Demand Transportation industry during the forecast period
  • Who are the On-Demand Transportation industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • On-Demand Transportation Industry Suppliers
  • On-Demand Transportation Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of On-Demand Transportation market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

   

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We work together with our clients to present strategic market research solutions that not only helps in understanding the net opportunity but also industry macroeconomic trends shaping the market. We extend our services to all types of industries ranging from inspiring startups to industry giants.

Tailored Solutions

We provide strategic solutions that help client meet their business needs. Our market research and consulting services includes wide range of organizations ranging from industries to educational and research institutes. Our well-equipped analytical team help client to explore digital platform for maximizing profits.

Industry Partnership

Bekryl Analysts track over 800 media channels and over 9000 market players to get the most blistering information on latest happening. It helps Bekryl to contribute consulting solutions that is proven and effective for clients.

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By |2019-06-07T07:02:38+00:00May 19th, 2019|

Catamaran Market Share, Size and Industry Opportunity Analysis, 2019-2028

Global Catamaran Market Size Analysis, 2019-2028

REPORT ID: BKR1036 Domain: Automotive & Transport Published Date: May 2019
Pages: 253+ Format: PDF

Catamaran market size is valued at US$ 1,310 million in 2019 and is projected to register a CAGR of 3.8% during the forecast period. It is a twin hulled boat that is swift, stable and agile. From just being a sailboats, catamarans has evolved today in present era and is largely used for recreational, sports and luxury purposes. Not only these are used for general public, but also finds a great usage for coastal surveillance. These catamarans are also known as SWATH (Small Waterplane Area Twin Hull). Over the next ten years, the industry will create an incremental opportunity of US$ 542.4 million.

Key Trends and Factors Driving the Global Catamaran Market Revenue

  • Introduction of Electric Catamaran is expected to Boost Industry Growth: Sustainable growth has been the buzzword since last five years. Automotive industry is registering disruptive changes in product technology as companies are shifting from conventional to electric based mobility. The same is seen across marine industry including catamaran. Recently, in May 2019, Hurtigruten partnered with Brim Explorer to introduce battery powered catamaran. The ship will be able to operate for 10 hours at a cruising speed of 10 knots post fully charged batteries. Several such trends are expected to be seen during the forecast period.
  • Catamarans as Cruising Ship to Drive the Global Sales: Various companies are coming up with larger catamarans that are capable of withstanding higher load capacity. These are basically to opt for medium range cruisers. Popularity for such ship is also high among consumers. As such, upward trajectory sales has been noticed in catamarans for cruising purpose in last three years.
  • Macroeconomic factors will also play a key role in global sales of catamaran. Higher per capita income, increasing river sports activity and upgradation in infrastructure will create favorable ecosystem for catamaran players. Technological advancement also plays a key role in catamaran market growth. Manufacturers are using lightweight material including aluminium products.

Global Catamaran Market Size and Forecast: Regional Analysis

North America Catamaran market accounted for 41% of global sales in 2018

North America has well developed coastal infrastructure. The demand for catamarans is high across various end-use segments ranging from cruise operators to personal sailing and military surveillance. Replacement rate is comparatively higher in the region since consumers look forward to modern design with value addition feature. Also, there are over 280 active catamarans with U.S. navy.

Western Europe stands next to North America. River sports is highly popular in Western Europe. France, Italy, UK are key countries registering highest sales of catamarans. The region recorded highest recreational spending in 2018 compared to other regions. Favorable sailing conditions, higher per capita income, and inter countries sports activities are key driving factors in the region. The region not only dominates the global sales but also is the manufacturing hub.

Global Catamaran Market Size and Forecast: Competition Landscape

The industry is characterized by presence of handful of players. Majority of the companies are focusing on launching customized and modern catamaran with higher load capacity. Some key Catamaran market players are:

  • Robertson & Caine
  • World Cat
  • LeisureCat
  • Incat Crowther
  • Outremer Yachting
  • Lagoon
  • LOMOcean Design
  • Fountaine Pajot
  • Catana Group
  • iXblue H2X Division
  • Voyage
  • Alumarine Shipyard
  • Seawind

Industry Segmentation

By Vehicle Type:

  • Powered Catamaran
  • Sailing Catamaran

By Fleet Size:

  • Compact
  • Midsize
  • Large Size
  • OEM

By End-use:

  • Sports
  • Recreational (Cruising, etc.)
  • Passenger Transport
  • Defence and Coastal Surveillance
  • Others

What Will You Discover in the Report?

  • An in-depth analysis of the Catamaran market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Catamaran market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Catamaran market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Catamaran industry during the forecast period
  • Who are the Catamaran industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Catamaran Industry Suppliers
  • Catamaran Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Catamaran market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

   

HOW WE ARE DIFFERENT

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Growth Partnership

We work together with our clients to present strategic market research solutions that not only helps in understanding the net opportunity but also industry macroeconomic trends shaping the market. We extend our services to all types of industries ranging from inspiring startups to industry giants.

Tailored Solutions

We provide strategic solutions that help client meet their business needs. Our market research and consulting services includes wide range of organizations ranging from industries to educational and research institutes. Our well-equipped analytical team help client to explore digital platform for maximizing profits.

Industry Partnership

Bekryl Analysts track over 800 media channels and over 9000 market players to get the most blistering information on latest happening. It helps Bekryl to contribute consulting solutions that is proven and effective for clients.

CONNECT WITH US

By |2019-06-07T07:03:09+00:00May 17th, 2019|

Automotive Oxygen Sensor Market Share, Size and Industry Opportunity Analysis, 2019-2028

Global Automotive Oxygen Sensor Market Size Analysis, 2019-2028

REPORT ID: BKR1035 Domain: Automotive & Transport Published Date: May 2019
Pages: 253+ Format: PDF

Automotive Oxygen Sensor market size is valued at US$ XX million in 2019 and is projected to register a CAGR of 3.8% during the forecast period. It is an electronic device that precisely measures the amount of oxygen in exhaust sensors. It then sends the signal to car processing unit and ensure engine is not running too rich or too lean, thereby maintaining fuel to air ratio.  The device was discovered in 1960 by Robert Bosch GmbH. Since then, it has become integral to automotive exhaust systems.

Key Factors Driving the Global Oxygen Sensor Market Revenue

The industry is driven by a range of macroeconomic and product level drivers along with regulatory compliances and business distribution patterns.

  • Miniaturization of integrated circuits is expected to create next-gen oxygen sensors that are capable of performing in very high temperature. Microfibration technology is also being implemented to develop state of art sensors for OEMs. Such technological advancement will provide growth to the overall O2 sensor market.
  • Stringent regulatory compliances mandating proper checks of carbon emissions from automobiles is fueling the demand for O2 sensors. According to estimates, transport is the biggest source of carbon emissions worldwide. In EU, over 27% of total carbon emission is generated from automotive and transport sector. Oxygen sensors has played a key role in overall sustainability.
  • While the automotive oxygen sensor market will continue to register significant growth, contaminants in the exhaust and excessive amount of unburned fuel systems damages the sensor. Replacement is a major concern in the industry.

Global Oxygen Sensor Market Analysis, by Sales Channel

OEM will dominate the global share with 86% market share in 2018

Oxygen sensors are primarily sold to vehicle manufacturer. This is a B2B oriented industry. As such, the O2 sensor manufacturer enters in long term contract to provide sensors to OEM. Aftermarket will continue to register impressive growth. These sensors are placed close to exhaust system and are exposed to a very high temperature. This led to deterioration of O2 sensors over the time period. On an average, O2 sensors last between 70,000 to 100,000 kilometers. This creates opportunity for aftermarket vendors to sell oxygen sensor to end-use customers.

Global Automotive Oxygen Sensor Market Value Analysis, by Vehicle Type

Passenger vehicle segment is expected to account for 71% of total market by 2028.

Automotive oxygen sensors are fitted across commercial and passenger vehicles. Passenger vehicle dominated the global market in 2018. This is primarily attributed to higher sales of cars worldwide especially in China and India. Advanced safety checks in passenger vehicles will further boost the sales of O2 sensors worldwide.

Global Automotive Oxygen Sensor Market Size and Forecast: Regional Analysis

Asia Pacific Oxygen Sensor market accounted for 43% of global sales in 2018

Unlike North America and Western Europe, which are characterized by highly matured market, Asia Pacific offers huge market opportunity in terms of revenue generation. Automotive industry is flourishing in the region and is growing at a very good pace. The region not only dominates the global sales, but is also the leading manufacturer of automotive vehicles. As such, the whole ecosystem is registering impressive growth. China and Japan are the major market for O2 sensors manufacturer.

North America and Western Europe are highly matured market and is projected to register sluggish growth throughout the forecast period (2018-2028). Introduction of Euro VI  norms is expected to fuel the ecosystem in Europe.

Global Automotive Oxygen Sensor Market Size and Forecast: Competition Landscape

The industry is characterized by presence of large number of midsize players. These players largely runs on contract based business model. Overall, the market is highly fragmented and degree of competition is very high. Global players focuses on product specification and direct distribution network in order to stay agile. Some key Automotive Oxygen Sensor market players are:

  • Robert Bosch GmbH
  • Continental AG
  • NGK Spark Plugs
  • Delphi Automotive
  • .Infineon Technologies AG
  • Analog Devices Inc
  • Denso Corporation

Industry Segmentation

By Vehicle Type:

  • Passenger Cars
    • Compact Car
    • Midrange
    • Premium
    • Luxury
    • SUV
  • Commercial Vehicle
    • Light Weight Vehicle
    • Heavy Duty Vehicle

By Sales Channel:

  • Aftermarket
  • OEM

By Product Type:

  • Zirconia Sensor
  • Titania Sensor
  • Wideband Zirconia Sensor

What Will You Discover in the Report?

  • An in-depth analysis of the Automotive Oxygen Sensor market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Automotive Oxygen Sensor market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Automotive Oxygen Sensor market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Automotive Oxygen Sensor industry during the forecast period
  • Who are the Automotive Oxygen Sensor industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Automotive Oxygen Sensor Industry Suppliers
  • Automotive Oxygen Sensor Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Automotive Oxygen Sensor market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

   

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By |2019-06-07T07:03:34+00:00May 15th, 2019|
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