Express Delivery Market Outlook, Trend, Growth and Share Estimation Analysis

 According to a latest research report titled “Express Delivery Market to 2027-COVID-19 Impact and Forecast and Global Analysis,” published by The Insight Partners, the express delivery market was valued at US$ 239337.5 million in 2019, and it is expected to grow at a CAGR of 6.3% during 2020-2027 to reach US$ 378233.7 million by 2027.

APAC Express Delivery Market to Grow at Highest CAGR during Forecast Period

APAC is the fastest-growing region in the express delivery market. The region has a growing economy, which is leading to growth in a wide variety of sectors, including retail and e-commerce, transportation and logistics, automotive, and pharmaceuticals. The adoption of advanced and innovative technologies across the region is high. The deployment of express delivery services has increased in Asian countries due to investments by the governments and various initiatives for the development of the retail and e-commerce industry. Asia is referred to as the global economy's growth engine with countries, such as China, India, Japan, and Singapore. Several manufacturing industries for automotive, pharmaceuticals, and retail sectors have enhanced the acceptance of advanced technologies across these sectors. The continuous development in the economy and rapid digitalization, rise in education awareness, increase in incomes of the middle class, and adequate government support are factors that have ensured a smooth transition of the developing economies from the developing stage towards a developed stage.

Key Findings of the Study

Increase in adoption of smartphones and high penetration of Internet across the globe is positively influencing the adoption of e-commerce across the global population. This has also influenced businesses to adopt online selling channels to reach a higher customer base. For instance, according to GSMA, the top countries with the highest percentage of smartphone users are China (63.4%), India (31.8%), the US (81.6%), Indonesia (58.6%), Brazil (51.4%), Russia (68.5%), Japan (59.9%), Mexico (54.4%), Germany (77.9%), and Vietnam (63.1%). Additionally, the Internet penetration across these countries is influencing the population to adopt online buying. Express delivery is being highly adopted by brands and e-commerce websites to offer better customer service by delivering parcels in less time.

Due to increase in Internet penetration and online shopping, B2C e-commerce in the globe is witnessing growth. For example, the US B2C e-commerce industry contributed about 10% of total retail revenue in 2019. Moreover, end users who place orders for food and luxury products, such as jewelry, are prepared to spend more on quick product delivery services. By implementing a shortened lead time, e-tailers are also gradually attempting to gain a competitive advantage. These factors are driving the demand for same-day delivery services, where manufacturers pick up and deliver goods from e-tailer warehouses to consumers on the same day. For instance, A1-SameDay Delivery Service Inc. operates in different divisions, such as Local Courier Service, National Courier Service, Scheduled Delivery, and Bike Messenger Service. Same-day delivery services for small and large packages are provided by the company. Some other companies operating in the market are Deliv, Deutsche Post AG, Express Courier, and FedEx Corp., among others.

Automotive Windshield Washer System Market Size, Analysis and Forecast up to 2027

 According to our latest market study on “Automotive Windshield Washer System Market Forecast to 2027 - COVID-19 Impact and Analysis - by Component and Vehicle Type,” the market was valued at US$ 7,549.9 million in 2019 and is projected to reach US$ 8,425.3 million by 2027; it is expected to grow at a CAGR of 6.5% from 2019 to 2027.

Rise in number of annual automotive sales globally continues to be the most significant factor contributing to the growth of the overall automotive windshield washer system market. The windshield washer system plays a crucial role in enabling visibility for the automotive driver in various weather conditions, such as snowfall, rainfall, and winds. As a result, the windshield washer system has become a significant component across commercial and passenger vehicles since their introduction in the early 1990s. Previously, the historical vehicle units sold annually as per the data provided by the Organisation Internationale des Constructeurs d'Automobiles (OICA) offer a notable surge in number of washer system sold through original equipment manufacturers (OEMs) in overall vehicles sold (in million units), especially in the past few years. Furthermore, rising disposable income of individuals, mainly among the emerging nations in the Asia Pacific region, continues to provide a lucrative market for passenger vehicles and is subsequently expected to offer several lucrative business opportunities for the windscreen washer system market. Moreover, tropical and continental weather conditions prevailing in most Asian countries are projected to provide a steady demand for the automotive washer systems.

Geographically, APAC led the global automotive windshield washer system market with 50.7% share of the market, followed by Europe and North America. Further, Asia Pacific is projected to witness the highest growth rate during the forecast period.

The automotive windshield washer system is segmented into component, vehicle type, and geography. Based on component, the market is further categorized into hose & connectors, nozzles, reservoirs, pumps, and wipers. The pumps segment represented a larger share of the overall market during the forecast period. Based on vehicle type, the market is further segmented into commercial vehicle, passenger vehicle, and Off-Highway Vehicle. In 2019, the passenger vehicle segment accounted for a substantial share in the global automotive windshield washer system market.

Impact of COVID-19 Pandemic on Automotive Windshield Washer System Market

As the automotive sales worldwide has profound influence on the overall growth of several associated vehicle sub-systems and components including automotive windshield washer system market. As the pandemic broke out globally-impacting numerous industrial verticals and global business conditions, the sales of automotive observed a stark decline from April to June across various geographical regions. Factors, such as nationwide lockdowns, plummeting demand for passenger vehicles, and restrictions on import & export of goods, significantly slowed down the production capabilities of several automotive OEMs globally, thereby impacting the market growth. However, the market registered a steady and favorable recovery in the subsequent months with increase in sales of passenger vehicles, especially in the recent months. Hence, the global market witnessed a moderate to high contraction in the demand across various countries globally during the pandemic.

Robert Bosch GmbH, Bowles Fluidics, Continental AG, Denso Corporation, Doga, Hella, Kautex, Mergon Group, Mitsuba Corporation, and Trico Products Corporation are among the few major companies operating in the automotive windshield washer system market.

Automotive Windshield Washer System Market - by Geography, 2019

The report segments the global automotive windshield washer system market as follows:

By Component 

• Hose & Connectors
• Nozzles
• Reservoirs
• Pumps
• Wipers

By Vehicle Type

• Commercial Vehicle
• Passenger Vehicle
• Off-Highway Vehicle

By Geography

• North America
o US
o Canada
o Mexico
• Europe
o France
o Germany
o Italy
o UK
o Russia
o Rest of Europe

• Asia Pacific
o China
o India
o South Korea
o Japan
o Australia
o Rest of APAC
• Rest of the World
o Middle East & Africa
o South America

Automotive lighting Market to be at Forefront by 2028

 According to the new research report published by The Insight Partners, titled "Automotive lighting Market - Global Analysis and Forecast to 2027", the global automotive lighting market is expected to reach US$ 40.41 Bn in 2027, registering a CAGR of 3.3% during the forecast period 2019-2027.

In 2018, Asia Pacific was estimated to hold the largest market share and is expected to be fastest region with a CAGR of 3.9%.

The increasing sales of premium and luxury car owing to rising disposable income, and stringent government regulations regarding automotive lighting are the major factors driving the market. The rise in the sales of vehicles, in particular passenger cars, can be attributed to the steady increase in the disposable incomes of consumers, especially during the post-recession era. In the western countries where consumers have high disposable incomes, it has been observed that with the rise of the vehicular population, consumer preferences for buying passenger cars differs.

The automotive industry in APAC region has witnessed growth in past years, and the western OEM and automotive manufacturers have shifted their focus toward strengthening their position in the region. The rapidly growing economies have translated into rising per-capita incomes and consumer expenditures. As a result, APAC witnessed high growth in automobile sales in recent times. The higher number of automobiles on the road demands higher production of vehicles and thus present large potentials for vehicle lighting manufacturers to expand their business base in APAC.

The demand for automotive lighting in North America is growing owing to the increasing demand for passenger cars in the region. The automakers in the region are focusing on integrating advanced lighting solutions in vehicles to provide better driving experience and avoid accidents that are caused due to low lights. The market for automotive lighting in North America is competitive, and the automotive lighting manufacturers are focusing on gaining a significant market share by taking various business initiatives. For instance, in 2019, Varroc announced the opening of State-Of-The-Art Manufacturing Hall in Nový Jiín. Through this new facility indulged in the manufacturing of rear lamps and fog lamps to reach the highest standards of production logistics, automation, and safety across the Europe region. Similarly, in 2018, Lumileds developed new Philips Ultinon LED headlights, which is 160% brighter than the usual light that permits the driver to see more and react faster, as well as up to 6,200 K color temperature delivers the vehicle with a new and slick modern look.

Key findings of the study:
APAC held the largest market in 2018 in the automotive lighting market. China led the automotive lighting market in the region. China is the largest automotive manufacturing country across the world, and the country produced 27,809,196 vehicles in 2018. The country houses a few major automotive manufacturers such as SAIC Motor, Dongfeng, FAW, and Chang'an. Also, a few western automakers are focusing on expanding in China to cater to a broader set of audiences. Also, regional players are focusing on developing an efficient lighting solution to achieve a strong market position. Therefore, a strong automotive sector and increasing focus of western automakers toward expansion to the country are the major factors that are expected to drive the growth of the automotive lighting market in the country.

The global automotive lighting market is anticipated to witness impressive growth during the forecast period, as Audi, BMW, and General Motors are adopting efficient lighting systems to provide differentiated services to their customers. These luxury carmakers already have an established market in developed countries. Further, these automakers have also witnessed a surge in the sales of their premium cars segment in emerging markets, such as India and China. During the forecast period of 2019 to 2027, interior lighting is expected to drive the demand for automotive lighting worldwide. Passenger Car by vehicle type in 2018 led the automotive lighting market, whereas LCV is expected to be the fastest-growing vehicle type during the forecast period 2019-2027 growing at a high CAGR value.

Automotive Disc Brake Market Shares, Strategies, and Forecasts Analysis

 The scope of study involves understanding the factors contributing to the growth of the automotive disc brake market. It also includes estimating and forecasting the revenues, as well as conducting the market size analysis, along with spotting significant market players and their key developments.

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According to the new research report titled “Automotive Disc Brake Market Forecast to 2028 - COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 20,016.4 billion by 2028, registering a CAGR of 3.7% during 2021-2028.

APAC Automotive Disc Brake Market to Grow at Highest CAGR During  Forecast Period 

In APAC, India, China, South Korea, and Japan are among the world's leading vehicle manufacturers. The robuts performance of automotive industry and an increasing number of automotive manufacturers are the major factors propelling the growth of the automotive disc brake market in the region. The rapid growth of the automotive sector in APAC is attributed to expanding Indian and Chinese economies, as well as the high disposable incomes among the populace in South Korea, Japan, and other countries. To retain a broad customer base and garner more sales, car manufacturers tend to integrate cutting-edge braking solutions in their cars. As a result, the automotive disc brake market in APAC is growing owing to a strong automotive sector and rising safety concerns.

The countries in APAC region are in the process of accepting electric and environmentally friendly veehicles as a prominent means of transportation in the upcoming years. With the increase in the adoption of electric vehicles, the demand for regenerative brakes is expected to grow exponentially, which would play an influential role in boosting the production cycle of automotive disc brakes.

Impact of COVID-19 Pandemic on Formwork System Market

The COVID-19 pandemic has negatively impacted several industries. The tremendous increase in the spread of the virus has forced governments worldwide to impose strict restrictions on movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various countries. The imposition of lockdown has resulted in a drastic decline in production and service activities. Manufacturing, automotive, semiconductor & electronics, oil & gas, mining, aviation, and other industries have witnessed a decline in their operations due to the temporary shutdown of activities.

The COVID-19 impact on the automotive sector has led to the shutting down of assembly plants, slowdown in manufacturing processes, and disruptions in the supply chain. This has resulted in a significant drop in vehicle sales in early 2020, fueled by oil price fluctuations and economic slowdown in various regions. Despite the significant impact of COVID-19 on the automotive industry, commencement of production and product launch of new cars in several countries is driving the automotive disc brake market growth.

Key Findings of Study:

With the continuity in the market growth, the rise in the sales of passenger cars is accelerating the development phase of the brakes market in Asia. At the same time, the regulatory mandates for making vehicles safer is another factor leading to the requirement of advanced braking systems such as anti-lock braking systems and electronic stability control. Poor braking system, along with factors such as carrying more than the permitted load, overspeeding of vehicle, and slippage, can cause accidents. This factor is creating the need for efficient brakes to ensure the safety of both occupant/s and vehicle. Due to the increase in road accidents in countries such as India and China, the demand for disc brakes is becoming more prevalent. In 2018, nearly 4.61 lakh road accidents and 1.49 lakh road fatalities were recorded in India. Meritor provides air drum brakes and disc brakes to help in reducing road accidents due to brake failure. In addition, China is promoting the adoption of disc brakes for hazardous goods carrying vehicles. This inclination to provide enhanced safety to drivers and passengers, as well as pedestrians, is expected to drive the market growth.

Ride-Hailing Service Market Business Opportunities and Growth Challenges Report

 According to our latest market study on “Ride-Hailing Service Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Service Type, Vehicle Type, Location and End User,” the Market is expected to grow from US$ 48,922.78 million in 2021 to US$ 98,745.11 million by 2028; it is estimated to grow at a CAGR of 10.6% from 2021 to 2028.

Autonomous vehicles are still in the early stages of development. Many OEMs have working prototypes that are being tested in various parts of the world. Many businesses are vying to be the first to market with a completely autonomous vehicle. Lyft, Ford, Uber, Honda, Toyota, and Tesla are among them. Waymo, Alphabet's autonomous vehicle business, has started testing trip pricing with its early users as it gets closer to launching its commercial ride-hailing service in Phoenix this year. The rapid economic growth assures a steady stream of development, from transportation infrastructure to smart city development. Many countries, including Mexico, Canada, and the United States, are building digital infrastructure to enable communication between automobiles and infrastructures in order to collect crucial information, reducing traffic congestion and improving road safety. The autonomous vehicle market is predicted to be fueled by an increase in the construction of smart cities. Considering the factors, the development of autonomous vehicles will drive the ride-hailing service market in the next 6–7 years.

Based on Service Type, the Ride-Hailing Service market is characterized into E-hailing, Car Sharing, Car Rental, and Station-based Mobility. The E-hailing segment was valued at US$ 27,566.61 million in 2020. Based on Vehicle Type, the Ride-Hailing Service market is characterized into Two-Wheeler, Three-Wheeler, Four-Wheeler, and Others. Based on Location, the Ride-Hailing Service market is characterized into Urban, and Rural. Similarly, based on end-user, the Ride-Hailing Service market is segmented into Institutional, and Personal.

Impact of COVID-19 Pandemic on Ride-Hailing Service Market
The North American market had suffered considerable economic losses in the first two quarters of 2020, owing to high count of COVID-19 cases, especially in the US. The economic growth was slowed, which directly impacted the ride-hailing service across the region. North America is one of the leading regions in terms of new technology development and adoption, owing to favorable government policies that encourage innovation and improve infrastructure capabilities. As a result, any impact on the industrial sector's expansion hinders the region's economic growth. Due of the COVID-19 outbreak, the United States is currently the world's worst-affected country.  Owing to the impact of COVID-19 pandemic, the lower cross-border activities and implications of social distancing regulation for supporting the slow-down of the virus spread, the ride-hailing industry is being impacted negatively. However, increasing cost of ownership supported the market growth in the year 2021 and expected to continue in forecasted period. For instance, according to American Automobile Association (AAA), the average cost of owning and operating a new car grew by US$ 279 from 2019 to US$ 9,561 in 2020.


ANI Technologies Pvt. Ltd.; Daimler AG; Delphi Technologies Plc; DiDi Global Inc.; Gett; Grab Holdings Inc.; Lyft, Inc.; TUKTUK RIDE; Uber Technologies Inc.; and zTrip are a few major companies operating in the Ride-Hailing Service market.

Ride-Hailing Service Market — by Geography, 2020 and 2028 (%)
 
Source: The Insight Partners Analysis
 
 

EV Charging Infrastructure Market Overview and Regional Outlook Study

 According to our latest market study on “EV Charging Infrastructure Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Platform, Hardware, Charger Type, and IEC Mode,” the market was valued at US$ 7,987.50 million in 2020 and is expected to grow at a CAGR of 15.0% during the forecast period of 2021 to 2028 to reach US$ 23,395.77 million by 2028.

Smart Charging and Connected Infrastructure

The accelerated technological development of next-generation electric vehicles and their supporting components, along with the evolution of charging-technology providers, is leading to rapid technological advancements in electrc vehicle (EV) charging technology. The operations of electric vehicle charging stations are transforming due to the rising penetration of artificial intelligence (AI), the internet of things, and cloud computing as a large number of major players in the market are beginning to shift their focus toward the development of smart charging stations, which enable data connection between stations and EVs. Many technology providers, including ABB, Delta Electronics, and Enel X, are focusing on next-generation EV charging technology to integrate cloud connectivity, AI, access via smartphone, and fast charging in their infrastructure. For instance, IONITY—a joint venture of BMW Group, Daimler AG, Ford Motor Company, Hyundai, and the Volkswagen Group with Audi and Porsche— has installed a network of over 400 fast-charging stations across 24 European countries.
Furthermore, the emergence of new software solutions, such as cloud-based digital solutions for real-time fleet management and acceleration in electrification, is shaping the global EV charging infrastructure market. For instance, the charging management software offered by EVBox enables users to track, manage, and optimize their EV charging infrastructure. Therefore, charging systems designed for high power and fast charging, incorporating software solutions for a cloud-connected EV charging infrastructure, are expected to pave the way for the EV charging infrastructure market growth and become a prominent trend in the coming years.

The onset of the COVID-19 crisis in 2020 led to a slowdown in the automotive and its infrastructure activities worldwide. All the regions reported in the analysis suffered a significant downturn in workloads during the first half of 2020. However, the pandemic accelerated the need for emission-free mobility, especially in the developed regions. According to estimations by IEA, the global electric car sales rose to more than 3 million, reaching a market share of over 4%. The rise in sales during 2020 peak of the pandemic, rising by 40% in global sales from the 2.1 million electric cars sales in 2019. Notably, electric vehicle sales rose by a significant 160% in the first half of 2021 compared to 2020, representing 26% of total new sales in the global automotive market. As the sales of EV worldwide sore to exceptional heights, major global EV charging infrastructure players have been implementing smart charging solutions in various countries to create a supporting ecosystem complementing the development of future-ready connected, hassle-free, and safer mobility. For instance, during the pandemic period of 2020–2021, EV charging infrastructure companies, such as EVBox and Tritium, entered into partnerships, acquired several significant players, and have strongly focused on the research and development of smart EV charging infrastructure solutions.
Furthermore, the systems supporting EV charging infrastructure reduces the operational costs and environmental impact for agencies and government departments compared to present ICE vehicle scenario, thereby amplifying the growth prospects of major global players. For instance, the US government released an EV Charging Action Plan to lay down steps for the federal agencies to support the development and deployments of chargers in American communities across the country. Therefore, there has been no major impact of COVID-19 pandemic on the EV charging infrastructure market, and it is witnessing steady progressive growth in major parts of the world.
Key Findings of Study:
The EV charging infrastructure market is segmented on the basis of platform, hardware, charger type, IEC mode, and geography. Based on platform, the market is segmented into hardware and services. In 2020, the hardware segment led the market and accounted for a larger market share. Based on hardware, the global EV charging infrastructure market is categorized into AC charger and DC charger. In 2020, the AC charger segment led the EV charging infrastructure market. By charger type, the EV charging infrastructure market is bifurcated into public chargers and private chargers. The private charger segment led the EV charging infrastructure market in 2020. By IEC mode, the EV charging infrastructure market is segmented into 2, 3, and 4. In 2020, The 3 segment led the EV charging infrastructure market. By region, the EV charging infrastructure market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). Asia Pacific dominated the EV charging infrastructure market in 2020.

Utility Communication Market to Expand with Significant CAGR by 2027

 The utility communication market was valued at US$ 10,730.4 million in 2019 and is projected to reach US$ 35,138.1 million by 2027; it is expected to grow at a CAGR of 16.3% during 2020–2027.

Utility communication is a collection of technologies and tools used to organize various components of a complicated delivery system. It tracks and manages the grid facilities, tests network output, and provides information in real-time. Advancements in IT systems led to the creation of automated delivery networks for utilities (power, energy, etc.) to allow efficient operations of modern power systems. This communication network allows for the effective and well-regulated transfer of resources such as power. The utility communication network is a double-sided communication channel that connects various data points through the system. To prevent an environment of fractured communications networks, utilities across the world are investing heavily to develop the infrastructure for reliable communication. Its system supports demand response (DR), delivery automation (DA), and advanced metering system (AMI), powered by legislative mandates, government grants, and high energy inefficiency costs. The global market size for IoT is increasing significantly; this suggests that the scope of utility communication with respect to Industry 4.0 and IoT is rising. The demand for utility communications is growing subsequently with the increasing development of technology as the utilities seek to follow a progressive mode of data transmission. The utility connectivity deals mainly with data transmission and networking technologies. However, data privacy issues might hamper the market growth during the forecast period.

Further, surge in renewable energy generation and distributed capital has resulted in the rapid growth of utility communication systems. Most countries focus on introducing advanced metering infrastructure (AMI), which involves the installation and usage of smart meters and other electronic devices that allow for two-way communication and data transmission between end users and utilities. The move from conventional metes to smart meters is driven by factors such as incorrect billing, theft and power misuse, late payments, and meter reading costs.  

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The report segments the global Utility Communication market as follows:

Global Utility Communication Market – By Technology

• Wired
• Optical Fiber
• PLC
• Ethernet
• Others
• Wireless

Global Utility Communication Market – By Utility Type

• Private Utility
• Public Utility

Global Utility Communication Market – By Geography

• North America
• U.S.
• Canada
• Mexico
• Europe
• France
• Germany
• UK
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Rest of Middle East & Africa
• South America
• Brazil
• Argentina
• Rest of South America

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Utility Communication Market to 2027 - COVID-19 Impact and Global Analysis and Forecasts by Technology (Wired and Wireless); Utility Type (Private Utility and Public Utility)

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