Market Research Blog

According to the latest research by Future Market Insights (FMI), the global retail clinics market value will exceed US$ 8 billion towards the end of 2028, reflecting a robust CAGR of more than 9.6% during 2022-2028. The revenue generated from the collective demand for retail clinics for point-of-care diagnostics and vaccination accounts for a whopping market value share of nearly 75%, according to FMI’s analysis.

Increasing acceptance of the retail clinics concept, rising awareness about cost related advantages, and improving government support for walk-in clinics will collectively supplement the growth of retail clinics market over the course of coming years. The report opines that the role of governments will be vital in popularization of retail clinics, particularly in developing regional markets.

Convenience & Cost Benefit Collectively Pushing Prospects of Retail Clinics

Retail clinics follow a holistic care approach. In addition, their partnership with various Telehealth vendors such as Teladoc and Doctor on Demand enable healthcare delivery and services at any given place and time. For Instance, an E-commerce channel is being implemented by the US-based CVS Health, one of the leaders in the MinuteClinic chain of retail clinics.

The growing demand for healthcare at relatively lesser service costs will continue to favor the growth of retail clinics market during the forecast period. A lot of major healthcare payers are considering and including retail clinics in their healthcare provider networks, motivating enrolees to opt for these clinics for convenience and quality of care.

Developed regions, the key areas for retail clinics market, account for over 80% of the global revenue. The report envisages significant growth potential in emerging East Asian economies for the retail clinics market, over the projection period.

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Retail clinics have been attracting a wide consumer base across the US and the number is actively growing in other key markets such as Europe and China. However, the outreach of retail clinics continues to face challenges due to poor monitoring of penetration into several developing as well as underdeveloped regions. While retail clinics have gained attention since the past few years and are expanding their offerings prudently at a rapid pace, the report highlights that this prompts at an increased need for regulation checks over the coming years.

Retail clinics are positioning themselves to play a crucial role in the delivery of primary care services, worldwide. This trend in the retail clinics market is expected to increase predominantly in developing regions. The potential opportunities will also create long-term challenges facing retailers, clinical laboratories, healthcare policy makers, and pathologists, as suggested by the report.

Key Players Keen on Investing Efforts in Customer Adherence

Patients face difficulties with respect to filing specialty prescriptions, which further affects their will for adherence. CVS Health also piloted a Specialty Connect Program to overcome hindrances in adherence. This program is claimed to enable patients to drop their prescriptions at any given CVS Health store and pick up their medicines once ready. The program has also initiated the delivery of these medicines at their houses or any clinician’s office.

Key Segments Of Retail Clinics Industry Survey

Retail Clinics Market by Application:

• Retail Clinics for Point-of-Care Diagnostics
• Retail Clinics for Clinical Chemistry & Immunoassays
• Retail Clinics for Vaccinations
• Others

Retail Clinics Market by Distribution Channel:

• Retail Clinics in Retail Pharmacy Settings
• Retail Clinics in Drug Stores
• Retail Clinics in Grocery Chains & Big Box Stores

Retail Clinics Market by Ownership Type:

• Hospital-owned Retail Clinics
• Retail-owned Retail Clinics

Retail Clinics Market by Region:

• North America Retail Clinics Market
• Latin America Retail Clinics Market
• Europe Retail Clinics Market
• East Asia Retail Clinics Market
• South Asia & Pacific Retail Clinics Market
• Middle East & Africa (MEA) Retail Clinics Market

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Table of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. Market Trends

1.4. FMI Analysis and Recommendations

2. Market Introduction

2.1. Market Introduction

2.2. Market Definition

2.3. Market Taxonomy

3. Key Market Trends

3.1. Supply Side Market Trends

3.2. Demand Side Market Trends

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

Contact:

Future Market Insights, Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

Enquiries: sales@futuremarketinsights.com

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The global Ibuprofen API Market surpassed US$ 626.2 Mn in 2022 and is anticipated to increase at a CAGR of 3% to reach US$ 772.2 Mn by 2029. as per the findings of a new Future Market Insights (FMI) study. The primary factors for the growth of the Ibuprofen API market include continuous demand for low-cost non-steroidal anti-inflammatory drugs (NSAID) and the scale and age of manufacturing facilities.

Increasing API drug shortages and assembling a task force to overcome these problems, the emergence of cost-effective drug manufacturers in various countries and the supply of API drugs, primarily in developing countries, are further driving ibuprofen API market growth.

The pharmaceutical API industry is witnessing a substantial crunch in supply and demand of Ibuprofen API, halted production from major ibuprofen API manufacturers, and supply chain disruption in China further led by declining sales in India.

The volatility in Ibuprofen API is due to factors such as a lower number of competitors, reduced utilization ratio, lower margin level, new higher-value opportunities in complex combinations and high-grade API, the pace of facility inspection by FDA, and ramping up production capacity of through mergers and consolidation.

The diverse range of diseases, primarily cardiovascular disease, infectious diseases, diabetes, and kidney-related complications, has a high prevalence, globally. Thus, the increasing prevalence of a diverse range of diseases among all age groups and its burden, globally, drives the demand for drug development and its market.

There has been an upsurge in the usage of advanced technologies, such as high throughput, bioinformatics and combinatorial chemistry for better drug candidate identification. Drug discovery has evolved significantly with emerging technologies, helping the process to become more refined, accurate, and less time-consuming. Due to automation, multi-detector readers, imaging hardware and software, high-throughput screening is one of the most widely used drug discovery technologies.

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Leading Companies Profiled in Ibuprofen API Market are

• BASF SE
• BIOCAUSE Inc.
• IOL Chemicals and Pharmaceuticals Limited
• SI Group, Inc.
• Sino-US Zibo Xinhua-Perrigo Pharmaceutical Co., Ltd.
• Solara Active Pharma Sciences Limited
• Granules India Limited

FMI Analyses the COVID-19 Impact on Market

FMI’s analysis suggests that the ongoing COVID-19 pandemic is having adverse impacts on market growth. Wuhan, China is the hub of API supplies. The region is the epicentre of the coronavirus outbreak, as such, it has temporarily halted its manufacturing facilities.

Further, China is the prominent or the sole supplier of APIs including, penicillin and erythromycin, in the world. Manufacturers and distributors in the country are blaming logistical barriers and labour scarcity due to the COVID-19 pandemic for the delay in production and transportation.

Key Takeaways of Ibuprofen API Market Study

• Greater focus on relieving the pressure on the supply chain due to the demand gap is being tackled by ramping up production capacity, up-scaling is the fundamental strategy outlined for meeting demand in the Ibuprofen API space.
• Majority of the anti-inflammatory drugs are manufactured in Asia, especially in China and India. Approximately 80% of the total anti-inflammatory APIs are manufactured in India and China and most of the APIs manufactured in these countries are outsourced to other developed regions – North America and Europe.
• High upfront cost and lower margin level in Ibuprofen API have resulted in a 20-30% price spike in final drug formulations and lower sales in the previous year.
• The market for Ibuprofen API is consolidated in nature, with leading manufacturers holding around 90% of the market value as 90%. Hence, the growing interest of CMOs and large-scale API manufacturers is anticipated to boost the value creation of the ibuprofen API market.
• Higher volume handling by Contract Manufacturing Organizations in comparison to pharmaceutical companies and amid higher production capabilities and price advantage over pharmaceutical companies are expected to generate significant revenue pockets.
• Expanding patient pool consuming non-controlled drugs as OTC are also responsible for the growth of in-house ibuprofen API consumption in South and East Asia.

Lower labour cost and abundant availability of raw materials required for ibuprofen API are among the key factors fuelling the growth of the ibuprofen API market in South Asia. In addition, favourable regulatory support to establish ibuprofen API manufacturing businesses, and lower taxation policies are boosting the growth of the East and South Asia ibuprofen API market.

Capacity Expansion, and Strategic Mergers & Acquisitions to Widen Regional Presence

Leading players in the ibuprofen API market – SI Group, Inc., BASF SE, Hubei Biocause Pharmaceutical Co., Ltd. (BIOCAUSE Inc.), IOL Chemicals, Sino-US Zibo Xinhua-Perrigo Pharmaceutical Co., Ltd., and Solara Active Pharma Sciences Limited – are focusing on business expansions by mergers, joint ventures, distribution agreements and capturing the untapped potential of the Ibuprofen API market.

• In 2018, IOL Chemicals, the largest Indian Ibuprofen API manufacturer, expanded its production capacity to 12000 MT from the previous capacity of 7500 MT. With the increased capacity, IOL Chemicals is filling the demand-supply gap that is rising due to stringent regulatory reform in China. This move can further benefit the Indian manufacturers looking to strengthen their foothold in the Ibuprofen API market.
• The acquisition by Solara Active Pharma Sciences Limited in 2018 of the Ibuprofen API assets of Strides and Sequent enabled the company to capture the portfolio of niche segments of the Ibuprofen API market.
• The joint venture between Granules India Ltd (GIL) and Hubei Biocause Heilen Pharmaceutical Co. Ltd. have a production facility in Jingmen, China. In a recent discussion, Granules India Ltd (GIL) is planning to part out of the joint venture.

Additionally, current acquisitions are focused on capacity expansion, and manufacturing capabilities of existing Ibuprofen API players to gain competitiveness and accelerate revenue growth in the market landscape.

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Trends

1.3. Technology Roadmap

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Inclusions and Exclusions

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

3.3. Strategic Promotional Strategies, By Key Manufacturers

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

Contact:

Future Market Insights, Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

Enquiries: sales@futuremarketinsights.com

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According to a latest study by Future Market Insights, medical face shields market will grow at over 11% CAGR through 2030. Medical face shield can become as ubiquitous as masks, as new findings on the airborne spread of Covid-19 influence behavior and guidelines

Medical face shields prove to be an effective means for first line protection against airborne diseases like Zika, SARS, Ebola, flu, and now – Covid-19. As such, increase in adoption of medical face shields, and, in turn, increase in their production is expected to drive the market in the forecast period.

The IDSA (Infectious Diseases Society of America) has, in its recommendations, included use of PPE (Personal Protective Equipment) like face shields and masks. Though masks have been widely adopted all across, their effectiveness is not that well-known.

The possibility of masks providing marginal protection against virus owing to potential moisture retention, poor filtration, and re-use of cloth masks can’t be ruled out.

On the contrary, face shields are more useful in mitigating respiratory viruses’ transmission like SARS-CoV-2, which would help in minimizing droplets and contacting transmission. However, studies have also pointed out that face shields may not effective in the absence of a masks.

According to Future Market Insights’ analysis, use of medical face shields, used in conjunction with face masks, is being explored, and it is highly likely that sales will soar dramatically in the next six months or so.

Customizable Face Shields Can Become a Reality as Pandemic Lingers On

Medical face shields available in the present scenario are meant for adults. However, child-sized face shields, that too, with interchangeable decorations are being designed now by Metaform Architects for children who have started going back to school.

These masks have been designed for children who fall in the age group of 4 to 8. There are also studs for securing personalized embellishments like googley eyes, animal ears or crowns.

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Short-term Spike and Steady Growth in Long Run

According to Future Market Insights’ analysis, the staggering growth in the medical face shield market will be heavily dependent on pharmaceutical interventions to tackle COVID-19. However, even after the availability of a vaccine, it is likely that prevention better than cure approach will drive use.

“There is a growing consensus that Covid-19 may become endemic like coronaviruses. Till the time vaccines are available on a large scale, use of face shields and face masks will remain high. However, the long-term forecast on the market remains steady, as people are likely to take a preventive approach,” says the FMI analyst.

Learn about more inclusions in FMI’s report

Future Market Insights brings the coming of age research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the segments from 2015 to 2030. The global medical face shield market is segmented for covering every aspect of the market and present market intelligence approach in entirety to the reader.

The study provides noteworthy insights on medical face shield market on basis of material (polycarbonate, polyethylene terephthalate glycol, acetate, and propionate) and type (anti-fog, anti-glare and others), usage (disposable and reusable), distribution channel (hospital pharmacies, retail pharmacies and online pharmacies) across seven major regions

Key Takeaways of Medical Face Shield Market

• Polycarbonate remains the material of choice for medical face shield manufacturers
• Anti-fog medical face shields likely to witness higher demand than other variants
• Disposable medical face shields will outsell reusable, as consumers look to minimize the threat of infection
• Sales through online channels likely to offset sluggishness in pharmacies and specialty stores

“The medical face shield market of 2020 and beyond will be starkly different from 2022 and before. Foray of new players, launch of innovative shields, branding & marketing, and production processes – all are set to witness a change”, says the FMI analyst.

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side sand Supply Side Trends

1.3. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Medical Face Shield Market Value (US$ Mn) Analysis 2015-2021 and Forecast, 2022-2030

4.1. Historical Market Value (US$ Mn) Analysis, 2015-2021

4.2. Current and Future Market Value (US$ Mn) Projections, 2022-2030

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Opportunity Analysis, 2022-2030

5. Market Background

5.1. COVID-19 Crisis Analysis

5.2. Macro-Economic Factors

5.3. Market Dynamics

5.3.1. Drivers

5.3.2. Restraints

5.3.3. Opportunities

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Key Market Segments Covered in Medical face shield Industry Research

By Material:

• Polycarbonate
• Polyethylene terephthalate glycol
• Propionate
• Acetate

By Type:

• Anti-fog
• Anti-glare
• Others

By Usage:

• Disposable
• Reusable

By Distribution Channel:

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa (MEA)

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

Contact:

Future Market Insights, Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

Enquiries: sales@futuremarketinsights.com

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The global Canine Arthritis Treatment Market stands at a net worth of US$ 2.39 Bn in 2022. Worldwide demand for canine arthritis treatment medications is predicted to rise at a CAGR of 4.2% and attain a market valuation of US$ 3.05 Bn by 2028. Canine arthritis treatment medicines accounted for 17.2% share of the global rare inflammatory disease treatment market in 2021.

Canine arthritis is a degenerative joint disease that produces inflammation in the joints of dogs as a result of frequent rubbing, cartilage degradation, and long-term joint disease. The knees, elbows, shoulders, hips, and spinal cord are usually the most affected joints in animals. Injuries, overweight, and faulty bone formation are some of the reasons for canine arthritis in dogs.

A notable increase in dog ownership around the world, developing veterinary healthcare infrastructure and rising treatment options for canine arthritis are the key factors for the growth of the global canine arthritis treatment market.

As per the findings of Future Market Insights, the global canine arthritis treatment market is projected to experience significant growth during the forecast period, due to increasing prevalence of obesity induced arthritis among dogs and rise in awareness about the companion animal health. Moreover, ease in the FDA approval for novel and innovative canine arthritis treatment drugs will create growth opportunities for the market players.

The global canine arthritis treatment market valued in 2019 is estimated at ~ US$ 1.9 Bn, and is expected to increase at a CAGR of ~ 4% during the forecast period of 2019-2029.

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Key Takeaways from Canine Arthritis Treatment Market Study

• Non-steroidal anti-inflammatory medications are referred as a first choice of veterinarian for the treatment of inflammation and pain. These medications are known to have effects, for example, decreasing tingling, allergic reaction, swelling, and pain. Canines approved non-steroidal anti-inflammatory medications have demonstrated acceptable safety profile, which is in contrast to non-approved NSAIDs.
• Growth prospects of the canine arthritis market are relatively high in North America as compared to other regions, attributed to rise in the adoption rate of canines, increasing veterinary expenditure on their health, and greater awareness about the pet health.
• Market players remained focused on capitalizing on veterinary hospitals and clinics, as they provide an entire animal care and service support for better pet health.
• Oral formulations of major non-steroidal anti corticosteroids medications will continue to account for major share of the manufacturers’ bottom lines, in the view of increasing demand for their ease of administration and better animal compliance.

Robust Clinical Development Pipeline to Dictate Stakeholders’ Strategies

Elanco, Ceva Sante Animale, Boehringer Ingelheim are among the leading players in the canine arthritis treatment market. These manufacturers continue to dominate the market landscape of canine arthritis treatment by ensuring product availability, collaborating with the local distributors, strengthening manufacturing facilities, and strategizing R&D for diversification of product portfolio.

Key Segments Of Canine Arthritis Treatment Industry Survey

Canine Arthritis Treatment Market by Treatment:

• Non-steroidal Anti-inflammatory Drugs (NSAIDs)
• Opioids
• Stem Cell Therapy
• Allogeneic Stem Cells
• Autologous Stem Cells

Canine Arthritis Treatment Market by Route of Administration:

• Oral Canine Arthritis Treatment
• Injectable Canine Arthritis Treatment

Canine Arthritis Treatment Market by Distribution Channel:

• Veterinary Hospitals & Clinics
• Retail Pharmacies
• Drug Stores
• e-Commerce

Canine Arthritis Treatment Market by Region:

• North America Canine Arthritis Treatment Market
• Latin America Canine Arthritis Treatment Market
• Europe Canine Arthritis Treatment Market
• East Asia Canine Arthritis Treatment Market
• South Asia & Pacific Canine Arthritis Treatment Market
• Middle East & Africa (MEA) Canine Arthritis Treatment Market

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Table of Content

1. Executive Summary

1.1. Market Outlook

1.2. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Macro-Economic Factors

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity Analysis

3.1.4. Trends

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

Contact:

Future Market Insights, Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

Enquiries: sales@futuremarketinsights.com

LinkedIn| Twitter| Blogs

As per a Future Market Insight (FMI) analysis, the automotive body in white demand is expected to rise at a year-on-year (YoY) growth of 3.1%, reaching US$ 59.7 billion in 2021. The increasing demand for passenger vehicles will drive the automotive body in white sales at 3.4% CAGR over the forecast period from 2021 to 2031.

Automotive body in white market is set to be valued at US$ 59.66 Bn in 2021, with a lucrative long-term projection, according to latest study conducted by Future Market Insights (FMI).

The rising demand for sustainable means of transportation is expected to propel the automotive body in white market growth.

Some of the leading manufacturers are focusing on providing high quality body in white and are expected to invest in new technologies and advanced manufacturing procedures in order to stay ahead of the competition.

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The rise in the automotive production globally is expected to drive the demand for body in white during the forecast period. Governments in various parts of the world are introducing regulations to encourage the incorporation of innovative technology.

Body in white manufacturing companies are entering into merges and acquisitions with leading automotive OEMs and tier 1 suppliers in order to expand their market presence.

The global automotive industry suffered a major decline of production and sales in 2020 due to pandemic, but the market is slowly recovering as the manufacturing facilities have resumed production of automotive vehicles.

According to research, the global automotive body in white market is projected to exhibit growth between 3% and 4% during the tenure of 2021 to 2031

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Automotive Body in White Market by Category

By Product Type:

• Body Structure
  • Bumper Beam
  • Crossmember
  • Roof Frame
  • Cross Car Beam
  • Others
• Body Component
  • Quarter Panel
  • Floor Panel
  • Rocker Panel
• Chassis

By Vehicle Type:

• Passenger Vehicles
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

Key Takeaways from Market Study

• Global demand for automotive body in white is rising due to the increase in the production and sales of passenger vehicles in developed and developing countries.
• In terms of product type, body structure is projected to grow at an impressive CAGR, ranging from 3.5% to 4%.
• In the vehicle type segment, passenger vehicles segment holds lucrative growth opportunities and is anticipated to create incremental $ opportunity worth US$ 18,875 Mn between 2021 and 2031
• The market in East Asia is projected to expand at a CAGR of close to 4.2% from 2021 to 2031.

“The market is predicted to grow due to the increasing global production of automobiles and the deployment of innovative manufacturing procedures” says a Future Market Insights analyst.

Competitive Landscape

The market is consolidated with key players serving leading OEMs and automotive tier 1 suppliers. These players are likely to invest in new technology developments and expansion of their networks in order to increase their market shares. Some of the key players in this industry are Kirchhoff Automotive GmbH, Benteler International, Voestalpine AG, Gestamp Automocion, CIE Automotive, ThyssenKrupp AG, Magna International Inc., JBM Auto, Martinrea International Inc., Shiloh Industries, Dura Automotive Systems, H-One Co., Ltd, Autokiniton Global Group, Multimatic Inc. and Futaba Industrial Co., Ltd.

Report Coverage:

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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The global demand for cargo bikes is expected to rise at 10.8% year-on-year in 2021 with sales reaching over US$ 900 million. Future Market Insights (FMI) projects the cargo bike market to grow at 11.6% CAGR between 2021 and 2031.

With the rise of e-commerce operations, logistical flows are witnessing significant expansion, creating transport and time-sensitive operational challenges. According to a recent report by Future Market Insights (FMI), the global cargo bike market is projected to expand at CAGR of around 11.6% over the forecast period 2021-2031.

Sustainable urban logistics development is becoming increasingly vital to keep up with quality-of-life parameters in urban centres, while solving two major problems—congestion and poor air quality. These factors are critical to sales of cargo bikes.

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The usage of cargo bikes as a mode of transportation for urban freight flows has a favourable impact on these issues, compelling manufacturers to invest more in the manufacturing sector, thereby fuelling the demand for cargo bikes in the long term.

Increasing monetary and non-monetary incentives are encouraging the adoption of battery-operated cargo bikes. Moreover, the need for sustainable urban mobility and modern transportation is driving the transition from conventional fuel bikes to paddle assisted and battery assisted cargo bike for mode of transport.

FMI projects demand among courier and parcel services providers to rise at 11.8% over the assessment period. Focus on curbing carbon footprint by the industry will remain a chief growth driver. Cargo bikes are anticipated to have a positive influence on energy security and air quality.

Key Takeaways from Cargo Bike Market Study

• Three wheeled cargo bikes are anticipated to account for 423 Mn by the end of 2021, owing to courier delivery, personal transport, and warehouse transport applications.
• US$ 3,501-6,000 price range segment sales accounted for US$ 414 Mn supported by availability of electric and conventional cargo bikes.
• Germany leads the Europe market with a US$ 253.8 Mn sales figure in 2021 because of ease availability of raw material and government incentives.
• The U.S. will hold around 92% of the North America market through 2031, supported by the presence of major logistics players in the country.
• In 2021, the Brazil cargo bike market will rise at steady 6.1% CAGR, with investments into low cost logistics gaining ground in the country.

“The global rise in traffic congestion coupled with growing demand from the logistics sector, especially following the outbreak of the COVID-19 pandemic is expected to drive the market for cargo bikes, through the end of 2031” says a Future Market Insights analyst.

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Competitive Landscape

The global cargo bike market is highly competitive at regional, country, as well as global level, and highly fragmented in nature. Top companies operating in the market contribute notably to revenue generation. With compliance to governmental standards and regulations, these companies have a global brand presence.

Some of the key players included in the report are Accell Group N.V. (Carqon), Jinhua Jobo Technology Co., Ltd., BODO Vehicle Group Co., Ltd. (LUXMEA), Chongqing Mobimax Technology Co., Ltd., Mobility Holdings, Ltd. (Tern Bicycles), Riese & Müller GmbH, Urban Arrow, Worksman Cycles, Yuba Electric Cargo Bikes, Rad Power Bikes Inc., and others.

Cargo Bike Market by Category

By Product Type:

• Two Wheeled
• Three Wheeled
• Four Wheeled

By Propulsion:

• Conventional
• Electric

By Price:

• Below US$ 1,500
• US$ 1,500-3,500
• US$ 3,501-6000
• Above US$ 6,000

By Wheel Size:

• Below 20″
• 20″-24″
• 26″
• 27.5″
• Others

By End Use:

• Courier & Parcel Service Provider
• Large Retail Supplier
• Personal Transportation
• Service Delivery
• Waste, Municipal Services

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Report Coverage:

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Key Points Covered in the Cargo Bikes Market Study

• Market estimates and forecast 2016-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand Share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Cargo Bikes Market and How to Navigate
• Recommendation on Key Winning Strategies

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The electric kick scooter market will register soaring growth in 2021 with global revenue projected to be up by 9.8% year over year. As per Future Market Insights analysis, electric kick scooter sales will nearly triple between 2021 and 2031, reaching US$ 6.5 billion in 2031 at a ten-year compound annual growth rate (CAGR) of 11.5%.

Some of the leading companies manufacturing electric kick scooters are Xiaomi Corporation, Bird Rides Inc., Niu International, Spin, YADEA Technology Group Inc. and others. As per Future Market Insights, over 30.5% of the market is currently covered by the top 10 players.

The introduction of advanced electric kick scooters with innovative technology and long-lasting batteries is expected to propel demand for electric kick scooters in the coming years. As per a recent report by Future Market Insights, electric kick scooter market is set to be valued at US$ 2,215.7 Mn in 2021.

The increase in the demand for sustainable transportation options is expected to propel electric kick scooters sales. Key manufacturers are focusing on providing high quality electric kick scooters and are expected to invest in new technologies in order to stay ahead of the competition.

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The rise in the number of electric kick scooter sharing services is expected to drive demand in the market in the foreseeable future. Governments are introducing regulations to encourage the adoption of electric kick scooters.

These vehicles can help reduce traffic congestion and are also considered a viable option for cost-effective commuting. Sharing and rental companies are entering into mergers and acquisitions in order to expand their reach.

The global automotive industry suffered a major slump in production and sales in 2020 due to pandemic. However, the market is slowly recovering as the manufacturing facilities have resumed production through 2021.

According to FMI’s research, the global electric kick scooter market is projected to exhibit impressive growth during the tenure of 2021 to 2031.

Key Takeaways from Market Study

• Lithium-ion batteries are anticipated to grow at an impressive CAGR, ranging from 11.5% to 12% driven by safety and performance benefits.
• The global electric kick scooter market witnessed a slump in 2020 due to the COVID-19 pandemic, with a recorded decline of -2.3%.
• Sharing and rental applications hold lucrative growth opportunities and is anticipated to create an incremental $ opportunity worth US$ 1,979.5 Mn between 2021 and 2031.
• China will hold over 77% of the East Asia market by 2031, backed by government incentives towards green transport, and a wide consumer base.
• Germany followed by France are dominant in the Europe market, with US$ 94.8 and US$ 82.4 Mn valuation respectively in 2021, owing to widespread implementation of sharing programs.

“Investments in research for green transport options, coupled with the increase in the number of electric kick scooter sharing companies across the globe, is expected to drive the growth through the assessment period ending in 2031,” says a Future Market Insights analyst.

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Competitive Landscape

The market is largely fragmented, with key players only accounting for a little more than one-fourth of the overall market share. These players are likely to invest in new technology developments and expansion of their distribution networks to consolidate their interests.

Some of the key players in this industry are Micro Mobility Systems AG, YADEA Technology Group Co., Ltd., Golabs Inc. (GOTRAX), Bird Rides Inc., Razor LLC, Segway Inc., iconBIT Limited, GOVECS AG, Unagi Inc., Xootr LLC, Fuzion Scooter, Globber Scooters, Xiaomi Corporation, AKTIVO Scooter, Zhejiang Okai Vehicles Co.,Ltd., SWAGTRON, Besrey Co. Limited, Spin, VOI Technology & Niu International.

Electric Kick Scooter Market by Category

By Product Type:

• Two Wheeled
• Three Wheeled

By Battery Type:

• Lead Based
• Nickel Based
• Lithium Ion

By Price Range:

• Below US$ 200
• US$ 200 – 375
• US$ 375.1 – 750
• US$ 750.1 – 1,100
• Above US$ 1,100

By Wheel Size:

• <8’’
• 8 – 8.5’’
• 9 – 9.5’’
• 10 – 10.5’’
• >11’’

By End Use:

• Personal
• Rental/ Sharing
• Law Enforcement

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Key Points Covered in the Electric Kick Scooter Market Study

• Market estimates and forecast 2016-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Electric Kick Scooter Market and How to Navigate
• Recommendation on Key Winning Strategies

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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With increasing investments in the expansion of transport infrastructure to meet the growing need of the global population, the electric cargo bikes market is anticipated to surge at an impressive pace. According to Future Market Insights (FMI), the global electric cargo bike market is projected to expand exponentially at CAGR of around 11% over the forecast period 2021-2031.

The use of electric cargo bike for logistics and supply chain applications are currently gaining traction in countries with matured transportation systems. The increasingly important requirement to reduce the carbon footprints for environmental protection, along with high performance and low maintenance characteristics in the logistics industry, are compelling manufacturers to invest production capacity, therefore creating promising market prospects for the foreseeable future.

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With increasing investments in urbanization, increasing volume of deliveries being conducted by logistics companies in terms of last-mile operations is a key factor that supports the adoption of electric cargo bikes. Minimal fatigue to riders, low operational costs, minimal environmental impact, and growing levels of social acceptance are expected to drive demand in the long-term.

On the other hand, electric cargo bikes are limited in terms of payload carrying capacity and range of operations. Efforts to bolster performance capabilities through research and development and marketing operations aimed towards geographical expansion are key factors being considered by market leaders.

Increasing monetary and non-monetary incentives are encouraging the adoption of battery-operated electric cargo bikes. Moreover, the need for sustainable urban mobility solutions and modern transportation is driving the transition from conventional to electric modes of transport. E-cargo bikes are anticipated to have a positive influence on energy security and air quality. Regulations aimed towards net zero emissions and climate protection agreements are proving important to future market developments.

Key Takeaway from Market Study

• Lithium-ion batteries are expected to hold more than 84% of the market owing to their high charging efficiency, charge density, and low-weight compared to lead and nickel-based alternatives
• Two-wheeled electric cargo bikes are anticipated to remain one of the fastest growing segments exhibiting a CAGR of 12.2%
• Germany is expected to account for a dominant share of 39% in Europe backed by the presence of some of the key manufacturing facilities and government incentives.
• The U.S. will hold the lead in North America, accounting for over 90% of the regional industry owing to developments in transport infrastructure.
• Brazil is likely to generate lucrative opportunities, reflecting a CAGR of over 8% through the end of 2031.

“Market players are looking to offer eco-friendlier updates to cater to the changing consumer preference. Besides this, there is immense focus on expanding their product portfolio to gain competitive edge,” says a lead FMI analyst.

Competition Landscape

The global electric cargo bike market is highly competitive at regional, country, as well as global level, and highly fragmented in nature. Top companies operating in the market are occupying a hefty share in terms of revenue.

With compliance to governmental standard and regulations, these companies have a global brand presence. Leading manufacturers are also updating their technologies to improve their market share.

Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-7803

Electric Cargo Bike Market by Category

By Product Type:

• Two Wheeled
• Three Wheeled
• Four Wheeled

By Battery Type:

• Lead Based
• Nickel Based
• Lithium Ion

By End Use:

• Courier & Parcel Service Provider
• Large Retail Supplier
• Personal Transportation
• Service Delivery
• Waste, Municipal Services

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs