Market Research Blog – Page 11820 – New Product Development

Recordable Optical Disc Market to Reach an Estimated Valuation of US$ 2 Bn by 2029 | FMI

The recordable optical disc market, which was valued at approximately US$ 2.5 Bn in 2022, is calculated to see bearishness in the future years, as per the new report published by Future Market Insights (FMI) As per the report, Recordable Optical Disc Market is expected to decline at a CAGR of -3% over the forecast period (2022-2029) to reach an estimated market valuation of US$ 2 Bn by the end of 2029. As a general sense of obsoleteness looms large. The sluggishness is despite the reliance on visual forms for storage, according to FMI’s research.

According to the report, the emergence of prominent media-services providers, such as Spotify, Apple Music and TIDAL, started tugging on the popularity of recordable optical disc formats. Media service providers rewrote the rules of media consumption and the adoption rate of these media streaming services grew by leaps and bounds.

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‘Manufacture-On-Demand’ DVDs and Blu-Ray Discs- Marking a New Milestone for Growth

As per the report, the trend of ‘manufactured-on-demand’ DVDs and blu-rays of popular TV shows and movies is favouring the market players. For instance, Amazon exclusively sells a series of ‘manufactured-on-demand’ DVDs and blu-rays of popular Nickelodeon shows and movies.

Moreover, popular media-services providers, such as Netflix, have also started bringing back popular TV series and movies in DVDs and blu-ray formats to treat their loyal subscribers, which in turn has resulted in a promising comeback for DVDs and Blu-ray discs.

The report opines that blu-ray disc will continue being the top-seller, with revenues estimated to approach US$ 2 Bn in 2022. Optimum storage capacities with ‘best-in-class’ features remain two of the key selling points of blu-ray discs. Sales of the recordable optical disc via online channels will continue to put offline channels in the shade.

Professional Use of Recordable Optical Disc to Show Positive Leaps,

As per the report, media houses continue to rely on recordable optical disc formats for local storage, followed by software and IT ecosystems. Key players in the recordable optical disc market are focusing on incremental innovations that would further help them boost their sustenance in the market.

Apart from product features, brands are also focusing on nourishing the longevity of their recordable optical disc offerings via reflective layers. In addition, strategic partnerships seem the best way forward for the brands to sustain with considerable revenue growth, states the research study.

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Key Segments of Recordable Optical Disc Industry Survey

Recordable Optical Disc Market by Product Type:

Compact Discs (CD)
Digital Versatile Discs (DVD)
Blu-ray Disc

Recordable Optical Disc Market by Sales Channel:

Online Sales of Recordable Optical Discs
Offline Sales of Recordable Optical Discs
Sales of Recordable Optical Discs by Distributors
Sales of Recordable Optical Discs by Resellers
Direct Sales of Sales of Recordable Optical Discs

Recordable Optical Disc Market by End Use:

Recordable Optical Discs for Consumers
Recordable Optical Discs for Professionals

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About Us

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.

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Lane Departure Warning (LDW) Market Emerging Growth Analysis, Future Demand and Business Opportunities 2032

Over the forecast period of 2022-2032, the lane departure warning (LDW) market is expected to grow at a CAGR of 9.7%, reaching US$ 12.9 Bn by 2032.

All vehicles have sensors, and despite being well-equipped with mirrors, they have poor visibility, resulting in road accidents. As a result, all heavy-duty manufacturers are required to install LDW,. This is expected to augment sales in the market.

Automobile manufacturers are subjected to stringent passenger safety regulations imposed by various government bodies around the world. Expansion of the automotive sector, rising initiatives to promote the adoption of advanced technologies, and the development of structured safety features will continue pushing sales of LDW over the forecast period.

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Further, rising demand for premium and luxurious features in vehicles in emerging economies will create opportunities for growth in the market. Besides this, government initiatives mandating the use of LDW systems in heavy commercial vehicles in the transportation sector will drive the market in the forthcoming years.

“Increasing production and sales of luxury vehicles across the globe, along with rising adoption of ADAS in economy vehicles is expected to fuel the growth in the market in the forthcoming years,” says and FMI analyst.

Key Takeaways:

By technology type, sales in the ultrasonic sensors segment will account for 41.5% of the total market share in 2022.
Based on vehicle type, the passenger vehicle segment will dominate the market, accounting for more than 0% of the total market share.
In terms of sales channel, the OEM segment will expand at a considerable pace through 2032.
Total sales in the U.S. lane departure warning market will surpass a valuation of US$ 0.2 Bn in 2022.
The China lane departure warning market will offer an absolute dollar opportunity of US$ 0.7 Bn over the forecast period.
Germany will dominate the Europe lane departure market, accounting for 25.1% of the Europe market share in 2022.

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Competitive Landscape

Texas Instruments Incorporated, Intel Corporation, NVIDIA Corporation, Continental AG, Magna International, Mobileye are some of the leading players operating in the global LDW market.

Manufacturers /developers of LDW systems are focusing on the development of novel technologies to improve the performance and function of LDW systems in various vehicles.

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More Insights into the Lane Departure Warning (LDW) Market Report

In its latest report, FMI offers an unbiased analysis of the global lane departure warning (LDW) market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of technology type (ultrasonic sensor, lidar sensor, radar sensor, camera sensor, infrared sensor, and pressure sensor), sales channel (OEM and aftermarket) and vehicle type (passenger vehicles, light commercial vehicles and heavy commercial vehicles) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

About FMI – Automotive and Transportation

The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sector. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behavior.

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Front Collision Warning Market Challenges, Drivers, Outlook, Growth Opportunities – Analysis to 2032

The global front collision warning market is projected to expand at a firm 14.5% CAGR during the forecast period between 2022 and 2032.

Front collision warning (FCW) system is an ADAS feature in-built in vehicles to warn drivers if they are approaching any collision in the form of an obstruction or car in its path. The demand for advanced driver assistance system (ADAS) is estimated to grow in tandem with surging passenger vehicles with advanced safety features globally.

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Forward collision warning systems use radar, LIDAR, camera and ultrasonic sensors to scan the road while driving and detect any obstruction coming the way. Forward collision warning system is also known as a collision avoidance or collision mitigation system. The front collision warning systems demand is driven by factors like increasing sales of luxury vehicles and increase in demand of autonomous vehicles in regions like North America, Europe and others.

As per FMI, the global front collision warning market is expected to be dominated by Europe. Front collision warning market in Europe is projected to top US$ 4,222.0 Mn by 2032.

“Front collision warning systems are intended to assist drivers in avoiding rear- end vehicle crashes. Increasing safety awareness among drivers and surging focus on road safety are expected to boost the demand for these systems in the forecast period,” says an FMI analyst.

Key Takeaways:

The ultrasonic sensor segment is projected to hold approximately 3% of the total market share in 2022.
The OEM segment is anticipated to grow at 14.5% CAGR through 2032.
Europe will emerge as an attractive front collision warning market globally and is expected to create an incremental dollar opportunity of US$ 3,193.3 Mn in the forecast period.
Passenger vehicle segment is expected to reach about US$ 7,823.3 Mn by end of the forecast period.

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Competitive Landscape

Key market participants in the front collision warning market elaborated in the report include

Continental AG
Robert Bosch GmbH
Magna International
Delphi Automotive
ZF Friedrichshafen
Denso Corporation
Gentex Corporation
Honeywell International Inc.
Wabtec Corporation and others

The global front collision warning market is dominated by a few large players. Major players focus on providing a wide range of high- tech safety features designed to reduce crashes, reduce driver distraction and enhance comfort for vehicle drivers. The major players in the market also aim at improving vehicle safety by helping avoid accidents of vehicles. They are focusing on increasing the manufacturing capacity as well as focusing on advanced technology development for vehicles. For instance:

In Feb 2020, Continental AG announced the opening of a new manufacturing plant in US. The purpose is expansion of production capacity of radar sensors for advanced driver assistance systems and expand the company’s market position as well.

Front Collision Warning Market by Category

By Technology:

Ultrasonic Sensor
Lidar Sensor
Radar Sensor
Camera Sensor
Infrared Sensor
Pressure Sensor

By Sales Channel:

OEM
Aftermarket

By Vehicle Type:

Passenger Vehicles
LCV
HCV

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-14599

More Insights into the global front collision warning market Report

In its latest report, FMI offers an unbiased analysis of the global front collision warning market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on Technology (Ultrasonic Sensor, Lidar Sensor, Radar Sensor, Camera Sensor, Infrared Sensor, Pressure Sensor), By Sales Channel (OEM, Aftermarket), by vehicle type (Passenger Vehicles, LCV, HCV) & By Region ( North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).

About Future Market Insights – Automotive

The research report analyzes demand for automotive front collision warning systems. The global vehicle market has been analyzed upon Covid-19 impact, macroeconomic factors, market trends & market background. As per FMI’s research scope, the market has been analyzed on the basis of products, customers & regions. The report gives us qualitative and quantitative information on various players in this market. Also, this report tracks the market by both supply side and demand side.

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Automotive ADAS (Advanced Driver Assistance Systems) Market Key Manufacturers, Development Trends and Competitive Analysis 2032

Over the forecast period of 2022-2032, the advance driver assistance system market is expected to grow at a CAGR of 9.6% to reach a valuation of US$ 131,069.1 Mn by 2032.

Almost all vehicles accidents are caused by human error, which can be avoided with advance driver assistance system (ADAS). The role of ADAS is to prevent deaths and injuries by reducing the number of car accidents and serious impact of those that cannot be avoided. ADAS manufacturers/ developers have developed systems focusing their efforts on making driving experience safer and having human less human interference. As a result, the advance driver assistance system industry is predicted to grow steadily in the future.

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Strict regulations imposed on car manufacturers by various government bodies around the world promoting passenger safety will aid overall growth of the market. During the forecast period, growth in the automotive industry, combined with rising government initiatives to adopt advanced technologies, develop increasingly structured safety features, and a rising trend of government and consumer adoption of autonomous vehicles will open new revenue paths for the global ADAS market.

During the forecast period, the global ADAS market will benefit from an increase in per-capita consumer spending power in developing economies, as well as an increase in demand for premium and luxurious features in their vehicles. However, high initial costs and an increase in malfunctioning components may limit the global ADAS market growth. Nonetheless the market is predicted to grow due to rising demand from emerging countries such as China, India, Germany and others.

Key Takeaways from Market Study

By ADAS type, night vision system (NVS) sales are expected to grow at a CAGR of 9% in global market.
By technology type, ultrasonic sensor and radar sensor segment is expected to lead with a market share of more than 0%.
By vehicle type, the passenger vehicle segment will dominate the market with more than 71% of the market share.
In terms of region, South Asia and Pacific is predicted to exhibit a CAGR of 12.4%.

“The swift expansion of the automotive sector has resulted in an increase in car production, accelerating the growth of the advance driver assistance system market. The market will gain traction in response to the rising demand for safe care driving and implementation of regulations ascertaining improved road safety.” says a Future Market Insights analyst.

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ADAS Market by Category

By System:

Adaptive Cruise Control (ACC)
Automotive Emergency Braking (AEB)
Adaptive Front Light (AFL)
Blind Spot Detection (BSD)
Driver Monitoring System (DMS)
Forward Collision Warning (FCW)
Lane Departure Warning (LDW)
Night Vision System (NVS)
Park Assist (PS)
Tire Pressure Monitoring System (TPMS)

By Technology:

Ultrasonic Sensor
Lidar Sensor
Radar Sensor
Camera Sensor
Infrared Sensor
Pressure Sensor

By Sales Channel:

Original Equipment Manufacturer (OEM)
Aftermarket

By Vehicle Type:

Passenger Vehicle
Heavy Commercial Vehicle
Light Commercial Vehicle

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

TOC Continued..!

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Advance Driver Assistance System Market Competitive Landscape

Among the industry’s key players are Texas Instruments Incorporated, Intel Corporation, NVIDIA Corporation, Robert Bosch GmbH, Continental AG, Magna International, Mobileye and others.

Manufacturers in the global advance driver assistance system market are focusing on the development of new ADAS type with decreased human interference and increased accountability.

About FMI – Automotive and Transportation

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Digital Transformation in Healthcare Market Outlook, Current and Future Industry Landscape Analysis 2031

The healthcare industry continues to develop, from the adoption of telemedicine to the use of robotic procedure automation (RPA) to improve patient understanding. A new study from Future Market Insights (FMI) shows that the advent of innovative technologies will enable patients to receive improved care with the help of virtual reality, wearable devices and other advances. These advances are expected to drive digital transformation in healthcare.

Augmented and virtual reality are innovative solutions that are revolutionizing the healthcare industry. The value of the healthcare-based AR and VR industry is expected to grow exponentially. Therefore, there are significant untapped growth opportunities for the digital transformation of the healthcare market.

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Among the diverse end-users, hospitals and clinics are expected to hold a leading share in the digital transformation of the healthcare market owing to the growing adoption of IoT that ensures better connectivity in the healthcare industry.

Key Implications: Digital Transformation of Healthcare Market

Global Digital Transformation of Healthcare Market is projected to register a CAGR of over 14% during the forecast period 2021-2031
Presence of sophisticated healthcare infrastructure supports US expansion, accounting for more than 80% of total North American demand
Investments in smart healthcare will boost year-over-year growth in the UK to 14.4% in 2021.
Exponential growth will be possible in Germany and France, particularly due to increased spending on expanding healthcare.
China is expected to remain the market leading the digital transformation of healthcare in East Asia, while Japan is expected to grow at a faster pace.

The impact of COVID-19 on the digital transformation of the healthcare market

COVID-19 is disrupting businesses, industries and somewhat disproportionate health care across the country. This serious situation has led to a massive digital transformation of the healthcare industry, reducing operating costs, saving treatment time and ultimately improving healthcare quality. Medical advancement is considered a step-by-step evolution, and pandemics have accelerated change and have seen pioneering research in the medical sciences.

For example, telemedicine software (or remote patient monitoring) became the norm in 2020, eliminating the need for physical human interaction. This has become the most important advantage during the COVID-19 crisis. Telemedicine software has also provided healthcare professionals with greater geographic coverage, especially when healthcare resources are limited.

Accordingly, the digital transformation of the healthcare market is expected to grow 10-12% from the previous year from 2019 to 2021.

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Rapid adoption of mobility services and healthcare mobile apps has become a major trend

Healthcare organizations are increasingly paying attention to mobile-based communications and encouraging employees to bring their own devices for work-related purposes, which in turn reduces the costs associated with purchasing medical communications devices. This is expected to increase the demand for mobility services. Medical mobility services also allow healthcare organizations to access patient data from anywhere and share insights with patients in real time.

Healthcare organizations around the world are focused on providing personalized healthcare apps for wearable fitness and medical devices. These applications allow patients to access medical information through mobile and devices. This, in turn, is expected to fuel market growth in the near future.

Who is the winner?

Companies operating in the market are currently focused on adopting advanced technologies. With the intention of making healthcare smarter, digital transformation will continue to accelerate within the healthcare sector. Major companies operating in the market include IBM Corporation, CGI Group Inc., Accenture PLC, Deloitte LLP, and HCL Technologies.

A more valuable insight into the digital transformation of the healthcare market

FMI’s report on the digital transformation of the healthcare market presents three main categories of solutions: software – electronic health record (EHR) software, connected healthcare billing, healthcare information systems (HIS), healthcare CRM software, healthcare ERP software, and healthcare collaboration tools. Divided into sections. , telemedicine software and other services – digital transformation consulting, implementation and integration, support and maintenance of digital transformation technologies, etc.), end users (hospitals and clinics, pharmaceutical companies, life sciences and biotechnology companies, health insurance providers, others) and regions (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa),to help readers understand and evaluate lucrative opportunities in digital transformation of healthcare market.

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Key Segments Covered

Solution

Software
- Electronic Health Record (EHR) Software
- Connected Medical Billing
Service
- Digital Transformation Consulting
- Digital Transformation Technology Implementation & Integration
- Support & Maintenance
- Others

End User

Hospitals & Clinics
Pharma Companies
Life Science & Biotech Companies
Healthcare Insurance Providers
Others

Region

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

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Driver Monitoring System Market Size, Analysis, Top Players, Target Audience and Forecast to 2032

Over the forecast period of 2022-2032, the driver monitoring system market is expected to grow at a CAGR of 7.5% to reach a valuation of US$ 8,770.9 Mn by 2032.

The driver monitoring system market will gain from the surging demand implementation of stringent regulations mandate the use of advanced technology like driver monitoring system to prevent unforeseen road accidents. The fundamental technologies for this system are still lidar and camera sensors. As a result, in terms of technology type, infrared and camera sensors account for roughly 70 percent of the DMS marker.

An increase in road-safety awareness as a result of an increase in various on-road incidents caused by the negligent or distracted driving is the primary driver for the driver monitoring systems (DMS) market. According to a report released by the World Health Organization (WHO) in 2020, road accidents claim the lives of approximately 1.35 million people each year.

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DMS are essential for Level 3 and 4 self-driving or autonomous vehicles, which require drivers to re-engage and ready to control the vehicle at vital points during the trip. Increase in Autonomous vehicle as well as regulation governing them, is estimated to create lucrative opportunities for the market in the forecast period.

Key Takeaways from Market Study

By technology type, infrared sensor sales are expected to grow at a CAGR of 6% in the global market.
By vehicle type, the passenger vehicle segment will dominate the market with more than 76% of the market share.
By sales channel, the OEM segment will lead the Driver Moniitoring System Market and is anticipated to create an absolute dollar opportunity worth US$ 4 Bn
In terms of region, North America is predicted to exhibit a CAGR of 5%.

“Increasing implementation of stringent road safety regulation coupled with growing awareness regarding importance of driver alertness while driving will create the crux of opportunities in the market,” says a Future Market Insights analyst.

Key Segments Covered in Driver monitoring system Industry Analysis

Driver monitoring system Market by Technology :

Ultrasonic Sensor
Lidar Sensor
Radar Sensor
Camera Sensor
Infrared Sensor
Pressure Sensor

Driver monitoring system Market by Sales Channel :

OEM
Aftermarket

Driver monitoring system Market by Vehicle Type :

Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle

Driver monitoring system Market by Region :

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

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Driver Moniitoring System Market Competitive Landscape

Among the industry’s key players are

Continental AG
ZF Friedrichshafen AG
Mobileye
Aptiv Plc
Veoneer Inc.
Valeo SA
Magna International
Aisin Seiki Co., Ltd
Texas Instruments Incorporated
NXP Semiconductors N.V
Renesas Electronics Corporation
Intel Corporation
Hitachi, Ltd. and others

Manufacturers are strategically collaborating with technology partners for long suplly relation and to intrigate a central control unit for different ADAS technologies.

Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-14561

Summary:

The research report analyses the market demand trend for driver monitoring system. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the driver monitoring system market report is studied and analyzed in the following segments such as by technology type, sales channel, vehicle type & regions. The driver monitoring system market report gives us qualitative and quantitative information about the companies.

About FMI – Automotive and Transportation

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Automatic Emergency Braking Market Key Insights, Profiling Companies and Growth Strategies by 2032

Over the forecast period of 2022-2032, the automatic emergency braking market is expected to grow at a CAGR of 8.0%, exceeding US$ 63,591.7 Mn by 2032.

Growing passenger vehicle fleet in East Asia will fuel significant growth in the reginal automatic emergency braking market. This is expected to rise at a CAGR of 10.2% over the projected period.

By 2022, the region is expected to produce 33 million passenger vehicles, accounting for more than half of all passenger vehicle production worldwide. The market for automatic emergency braking is expected to witness traction, thanks to increased use in single and multi-directional braking.

Market demand is driven by factors such as strict government regulation on car safety, growing safety concerns among drivers, and higher expenditure on modern automotive functionalities like ADAS with an increase in disposable income.

Government bodies are increasing their initiatives and investments in response to growing number of traffic accidents around the world. Since pedestrians, motorcyclists, and cyclists account for about half of those killed on the road, automatic emergency braking systems are viewed as a key ADAS (advance driver assistance system) technology that should be widely implemented around the world.

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Key Takeaways

By technology type, the radar sensor sales are expected to grow at a CAGR of 8% in the global market.
By vehicle type, the passenger vehicle segment will dominate the market with more than 71% of the market share.
By sales channel, the OEM segment will lead the automatic emergency braking market and is anticipated to create an absolute dollar opportunity worth US$ 33.5 Bn
In terms of region, South Asia and Pacific are predicted to exhibit a CAGR of 1% over the forecast period.

“Increasing road safety awareness coupled with a growing autonomous vehicle fleet will create lucrative opportunities for the market in the forecast period.” says a Future Market Insights analyst.

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Automatic Emergency Braking Market Competitive Landscape

Among the industry’s key players are Continental AG, ZF Friedrichshafen AG, Mobileye, Aptiv Plc, Veoneer Inc., Valeo SA, Magna International, Aisin Seiki Co., Ltd and others

Manufacturers are strategically collaborating with technology partners for long suplly relation and to intrigate a central control unit for different ADAS technologies.

About FMI – Automotive and Transportation

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Cargo Bike Market Competitor Analysis, Winning Strategies and Growth Driver 2031

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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Electric Kick Scooter Market Key Players, Industry Overview, Applications and Analysis 2031

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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Electric Cargo Bike Market Trends, Growth, Future Demand, Analysis and Forecast by 2031

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.

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Electric Cargo Bike Market by Category

By Product Type: