Exosomes Diagnostic and Therapeutic Market is estimated at USD 58.6 million in 2022 and is projected to reach USD 175.4 million by 2028

Future Market Insights in its recent research report titled “Exosome Diagnostic and Therapeutics Market: Global Industry Analysis (2012-2021) and Opportunity Assessment (2022-2028)” covers several factors that are influencing the robust growth of the global market. As per this research report, the global exosome diagnostic and therapeutic market is projected to expand at a high CAGR of 23.1% during the period of assessment.

The exhaustive research publication includes key trends, opportunities, threats, growth drivers and challenges that impact the global exosome diagnostic and therapeutics market. Detailed pricing analysis of different exosome diagnostic and therapeutics across key regions is also discussed in the research study.

The segmental analysis across North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Latin America, Japan and Middle East and Africa (MEA) is carried out which is used to track the future projections for a period of ten years, pertaining to value, of the global exosome diagnostic and therapeutics market.

Global Market for Exosome Diagnostic and Therapeutics: Underlying Forces Influencing Growth

The growth of global market for exosome diagnostics and therapeutics is influenced by several factors. Increasing need for screening and diagnosis of chronic diseases coupled with high therapeutic potential of exosomes are fuelling the adoption of exosome diagnostics and therapeutics.

Moreover, introduction of explicit systems for analysis of proteins specific to exosomes, increasing research and development activities supported by favourable government policies across various regions and increasing popularity of exosome over CTC and ctDNA are expected to trigger the growth of the global market for exosome diagnostic and therapeutics market in the years to follow.

On the contrary, lack of standardization and validation requirements for isolation of exosomes is expected to pose hindrances to the growth of the global market. Other factors negatively impacting the market’s growth include heavy investments in research and development and insufficient insurance coverage of costly cancer diagnostic tests.

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Segmentation Highlights of the Global Exosome Diagnostic and Therapeutics Market

The global exosome diagnostic and therapeutics market is segmented on the basis of product type, application, end user and region.

In the region category, North America is estimated to be the largest with a high market lucrativeness. This region is expected to grow at a significant CAGR during the forecast period to touch a large market estimation by end of the assessment year, thus leading the global market. Moreover, Asia Pacific excluding Japan (APEJ) is the fastest growing region and is the second largest in terms of adoption and use of exosome diagnostics and therapeutics. APEJ is filled with high growth opportunities and is being targeted by several giants in this sector, such as Thermo Fisher Scientific.

By product type, reagents and kits are gaining high traction owing to increasing use in exosome diagnostics and therapeutics. The reagents and kits segment dominated the market in 2017 and is anticipated to continue with the trend in the coming years. This segment is also expected to expand at a high growth rate during the forecast period.

The reagents and kits segment is expected to register a high CAGR of 28.2% throughout the period of forecast. The software segment is the second fastest growing segment spurring the growth of the global market.

In the application category, diagnostic segment is the largest as compared to therapeutics segment and is estimated to touch a value of over US$ 90 Mn by the end of the year of assessment, growing at a significant pace. Therapeutics segment is projected to expand at a CAGR of 29.0% throughout the period of assessment.

With respect to end user, the use of exosome diagnostic and therapeutics is largely observed in diagnostic centres. The diagnostic centres segment is expected to surpass other end user segments with a high market share and growth rate in the coming years.

Forecast Analysis of the Global Exosome Diagnostic and Therapeutics Market

According to the research report, the global market for exosome diagnostic and therapeutics is expected to grow at a high CAGR to reach an estimate of over US$ 150 Mn by the end of the year of assessment from a value of about US$ 19 Mn in 2017.

Competitive Landscape Shaping the Global Exosome Diagnostic and Therapeutics Market

Manufacturers of exosome diagnostic and therapeutics are focusing to raise capital required for launch of new products or research and development expenses through venture financing. Key companies such as Thermo Fisher Scientific, Inc., NanoSomix, Inc., NX PHARMAGEN, Capricor Therapeutics, Inc., Exosome Diagnostics, Inc., Exiqon A/S (Aethlon Medical, Inc.)., System Biosciences, Inc., Aegle Therapeutics AMS Biotechnology (Europe) Limited and Miltenyi Biotec.

Key Market Segments Covered in Exosomes diagnostic and therapeutic Market Research 

By Product :

  • Instruments
  • Software
  • Reagents & Kits

By Application :

  • Diagnostics
  • Therapeutic

By End User :

  • Hospitals
  • Cancer Institutes
  • Diagnostic Centers
  • Others

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By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

Drug of Abuse Testing Market is projected to reach a valuation of US$ 1.5 Billion in 2021, with sales growing at above 5% CAGR through 2031

As per a recent market analysis by Future Market Insights, the global drug of abuse testing market is projected to top US$ 1.5 Bn in 2021, expanding at over 5% CAGR over the forecast period.

Growth can be attributed to the increasing opioid dependence in the geriatric population as a result of high dosage prescription opioid use for pain management. Chronic pain is prevalent among patients suffering from arthritis, heart diseases, and cancer Opioids are prescribed for pain management, however, overdose can result in fatalities.

In response to this, manufacturers are launching rapid, accurate, disposable, and easy-to-use drug of abuse testing kits to detect drug dependence among the elderly. This is indicative of lucrative prospects for new market entrants over the assessment period.

Besides this, growing acceptance of recreational marijuana also has triggered concerns regarding overdose. Marijuana addiction is rare, although overdose can result in breathing disorders, memory loss, elevated stress and anxiety, and concentration issues. As a result, demand for drug of abuse testing systems in corporate and educational organizations is rising for early detection of substance abuse.

As per FMI’s in-depth regional analysis, the U.S. is projected to dominate the North America drug of abuse testing market. The presence of robust healthcare infrastructure along with the prevalence of an opioid endemic in the country is expected to continue pushing sales of drug of abuse testing tools.

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“The introduction of integrated drug warning systems that monitor drug overdose in real-time is expected to fuel sales of drug abuse testing equipment. Besides this, increasing adoption of drug testing tools in forensic laboratories to identify illicit drugs for the criminal justice system are expected to continue augmenting growth of the global drug of abuse testing market through 2031,” says an FMI analyst.

Key Takeaways:

  • Based on drug type, sales of drug of abuse testing for cannabinoids are expected to remain high through 2031.
  • In terms of technique, immunoassays will remain highly sought-after.
  • Demand for drug of abuse testing in forensic laboratories is anticipated to continue gaining traction over the assessment period.
  • The U.S. is projected to dominate the North America drug of abuse testing market owing to increasing prevalence of opioid dependence in the country.
  • The U.K. will continue exhibiting high demand for drug of testing systems in response to government initiatives regarding drug awareness and control measures.
  • China will emerge as an attractive market due to the presence of key market players and easy availability of raw materials for the manufacturing of testing products.
  • Japan will account for 7% of the total drug of abuse testing market share, while South Korea is expected to hold less than 1% of the total market share through 2031.

Competitive Landscape

Quest Diagnostics, Roche Holding AG, Thermo Fisher Scientific, Inc., Siemens AG (Siemens Healthineers), Abbott Laboratories (Alere, Inc.), Shimadzu Corporation, Express Diagnostics International Inc., Drägerwerk AG & Co. KGaA, and Laboratory Corporation of America Holdings are among the key players profiled by FMI.

Leading players operating in the global drug of abuse testing market are focusing on research and development to expand their product portfolios. Besides this, players are aiming at production facility expansions through mergers, acquisitions, and collaborations.

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More Insights into the Drug of Abuse Testing Market Report

In its latest report, FMI offers an unbiased analysis of the global drug of abuse testing market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of drug (psychostimulants, narcotics, cannabinoids, sedatives and others), technique (immunoassay, chromatography and rapid testing), end user (hospitals, diagnostic laboratories, forensic laboratories and others) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

Drug of Abuse Testing Market by Category

By Drug Type:

  • Psychostimulants
  • Narcotic
  • Cannabinoids
  • Sedatives
  • Others

By Technique:

  • Immunoassay
  • Chromatography
  • Rapid Testing

By End User:

  • Hospitals
  • Diagnostics Laboratories
  • Forensic Laboratories
  • Others

By Region:                                                                                                     

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

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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Organ On A Chip Kit Market By Application, End-Use, Industry Analysis Report, Dynamics, Country Outlook, Application Potential, Forecast, 2021- 2028

Organ on a chip kits are likely to contribute to reduction of animal tests in preclinical drug development and drug candidate screening may increase efficiency. Increase in growth for lungs and kidney based organ culture devices and increase in research activities on organ on chip devices are the major factors which drive the overall market of organ on a chip kit market. On the basis of type of organ on a chip, lung on chip is expected to project the highest growth owing to increase in number of chronic disease and increase in awareness about the organ transplant during the forecast period. 

Organ on a Chip Kit: Market Insights

Organ on chip is a recently developed multidisciplinary field in which human cell biology and microfluidics are combined on top of lab on chip architecture. Organ on a chip is one of the fastest growing application in the research areas in life science and pharmaceuticals industries. Organ on a chip is multi-channel microfluidic cell which stimulates the physiological response, activities and response of the organ and organ system, type of artificial organ. Increasing in adoption organ on a chip will abolish the need for animals in toxin testing and drug development. Organ on a chip are used especially for research activity in the advanced biomedical engineering field such as bioMEMS, micro fabrication and microelectronics. Organ on chip creates new and innovative ways to culture cells and tissues which offer precise and continuous control during complete culturing process. Organ on a chip have significant impact on the improvement on the predictability of drug screening models and personalized medicines. Multiple organs can be placed on the chip and re interconnected to model the dynamics of human organism which is possible due to 3D cell culture, micro fluids and 3D printing technologies which allow the cultivation of cells from patients which reflects phenotype or genotype. Different companies and universities are continuously looking for better and new models in the development of drugs with collaboration with different manufacturing companies. In the long term, the organ on a chip technology helps in the advanced human based and personalized research and development of drugs.

Organ on a chip kit: Market Dynamics

Increase in innovation in drug development and growing prevalence of chronic disease such as respiratory disease, heart failure and other disease drive the market of organ on a chip kit market. Rising awareness among the population towards better healthcare devices propel the growth of organ on a chip kit market globally. Increase in healthcare expenditure and increase rate of organ transplant is expected to boost the demand of organ on a chip kit market during the forecast period. However, high cost associated with the kit of organ on chip and lack of adoption of innovative technology in the under developed economies hamper the growth of the organ on a chip kit market.

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Organ on a Chip Kit Market: Region-wise Outlook

On the basis of geography, global organ on a chip kit market is segmented into seven key regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa. North America is projected to hold largest shares in the global Organ on a Chip Kit Market primarily due to growing adoption of innovative technologies to cure disease which are chronic. Increase in research and development activities and rise in healthcare applications in North America drive the market of organ on chip kit.  Europe is anticipated to be the second in the revenues share. Asia Pacific region is anticipated to be the fastest growing region in organ on chip kit market owing to increase in investment in the research and development in the drug development and government initiative towards the improvement of healthcare expenditure. Latin America and Middle East & Africa is expected to show slow growth due to lack of awareness among the population and high cost associated with organ on a chip kit market in near future.

Organ on a Chip Kit Market: Key Players

Some of the key players present in global organ on a chip kit market are Micronit Microtechnologies B.V, F. Hoffmann-La Roche Ltd, MIMETAS B.V., Nortis, CN Bio Innovations, TissUse GmbH, Koninklijke Philips N.V., and others

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Organ on a Chip Kit Market: Segmentation 

The global organ on a chip kit market is segmented by drug type and distribution channel:

Segmentation by Type

  • Heart on a chip
  • Lung on a chip
  • Kidney on a chip
  • Liver on a chip
  • Intestine on chip

Segmentation by End User

  • Hospital
  • Academic Research Institutes
  • Contract Research Organizations
  • Others

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Coagulation Disorders Market Key Players – Bio-Rad Laboratories, Hoffman-La Roche Ltd., Griflos S.A., Abbott, Becton Dickinson, B Braun, Fresenius Kabi, Haemonetics Corporation

Competition Outlook 

Examples of some of the key players in the coagulation disorders market are Bio-Rad Laboratories, Hoffman-La Roche Ltd., Griflos S.A., Abbott, Becton Dickinson, B Braun, Fresenius Kabi, Haemonetics Corporation, Immucor, Kidde-Fenwal and Macopharma,Quotient Limited, NOW Foods, Pure Micronutrients, Bayer AG, Nature’s Bounty Co., Sundown Naturals, Shaklee Corporation, MegaFood, Solgar Inc., Helena Laboratories, VitroScient, Guangzhou Wondfo Biotech, AB ANALITICA s.r.l. and Randox Laboratories

Coagulation disorder is a condition that affects the way blood normally clots. This clotting process is generally known as coagulation. For the blood to clot, the body requires certain proteins called clotting factors and blood cells called platelets. Normally, at the site of injured or damaged blood vessels, the clotting factors come together and form a fibrin clot. The clot helps in keeping the platelets in place and prevents the blood from flowing out. In people with coagulation disorders, the platelets or clotting factors don’t work the way they should or there’s a deficiency of clotting factors or platelets. When the blood doesn’t coagulate, it can lead to excessive or prolonged bleeding. Absence of the required number of platelets and clotting factors can also lead to sudden bleeding in the joints, muscles or other parts of the body. Majority of the coagulation disorders are inherited. However, some of the coagulation disorders may develop as a result of other medical conditions such as liver disease. Some of the common types of coagulation disorders are hemophilia A, hemophilia B, and Von Willebrand’s disease. The diagnosis requires various blood tests to be conducted such as Complete Blood Count (CBC) test and bleeding time test. The treatment of coagulation disorders vary depending on the type of bleeding and its severity. Though the treatment cannot cure coagulation disorders, they can help relieve the symptoms associated with it.

Factors Driving and Restraining the Coagulation Disorders Market

Government initiatives and an increase in healthcare expenditure have improved the quality of healthcare services. This has increase the demand for coagulation disorder test kits and treatments. Increase in the geriatric population will further drive the growth of coagulation disorders market. Increase in population has spurred the demand for diagnostic tests and treatments, this has spurred the growth of coagulation disorders market. However, high costs and risks associated with treatment and tests may have a negative impact on the coagulation disorders market. With technological advances these risks can be minimized. Stringent government regulations may also restrain the growth of coagulation disorders market.

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Regional Outlook

The global market for coagulation disorders is segmented into North America, Latin America, Europe, Asia Pacific, Japan, and Middle East & Africa. North America leads the coagulation disorders market. Increasing number of coagulation disorder cases and high adoption rate for various tests and treatment are attributed to North America’s high market share. Northern Europe is the second large market for coagulation disorders. A steady rise in the demand for test kits and treatments have accelerated the growth of coagulation disorders in Eastern Europe. A surge in the number of coagulation disorder cases and increase in demand for various treatments fuel the growth of coagulation disorders market in Asia Pacific.

Research Methodology

FMI utilizes a triangulation methodology that is primarily based on overall expenditure on life science research and R&D funding and capital equipment installed base to obtain precise market estimations and insights on life science and biotechnology associated products, technologies, applications and services. Bottom-up approach is always used to obtain insightful data for the specific country/regions. The country-specific data is again analysed to derive data at a global level. This methodology ensures high quality and accuracy of information.

Secondary research is used at the initial phase to identify the feasibility of the target products/technology categories and its respective segments, product and service offerings, equipment installed base in end use facilities, adoption rate and future impact of new technologies. Additionally, per capita consumption of kits, reagents and consumables among end users is tracked at a granular level to obtain the most accurate information. Each piece of information is eventually analysed during the entire research project which builds a strong base for the primary research information.

Primary research participants include demand-side respondents such as laboratory managers, procurement managers, research supervisors at academic and research institutes, as well as key opinion leaders in addition to supply-side respondents such as equipment and reagent manufacturers, custom solution and service providers who provide valuable insights on trends, research application of products and technologies, purchasing patterns, services offered and associated pricing.

Quantitative and qualitative assessment of basic factors driving demand, economic factors/cycles and growth rates and strategies utilized by key players in the market is analysed in detail while forecasting, in order to project year-on-year growth rates. These Y-o-Y growth projections are checked and aligned as per associated industry/product lifecycles and further utilized to develop market numbers at a holistic level.

On the other hand, we also analyse annual reports of various companies, investor presentations, SEC filings, 10k reports and earning call transcripts operating in the market to fetch substantial information about the market size, trends, opportunity, drivers, restraints and to analyse key players and their market shares. Key companies are segmented at tier-level based on their revenues, product portfolio and presence.

Please note that these are the partial steps that are being followed while developing the market size. Besides this, forecasting will be done based on our internal proprietary model which also uses different macro-economic factors such as overall life science research expenditure, R&D funding, industry based demand driving factors impacting the market and its forecast trends apart from other macroeconomic factors.

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Key Data Points Covered in Report:-

  • Coagulation Disorders Market by Type, Test, End users and Region
  • Regional level market analysis of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, Middle East & Africa by test type, end use segments and country
  • Coagulation Disorders Market Dynamics & Opportunity Assessment
  • Historical Actual Market Size of Coagulation Disorders analysis, 2013 – 2017
  • Coagulation Disorders Market Size & Forecast 2018-2028
  • Competition & Companies involved.
Segmentation

By Type

  • Hemophilia A
  • Hemophilia B
  • Von Williebrand’s disease
  • Factor II, V, X, XII deficiencies
  • Others

 By Test

  • Complete Blood Count (CBC)
  • Platelet Aggregation Test
  • Fibrinogen Assay
  • Prothrombin Time Test
  • Others

By Treatment

  • Iron Supplementation
  • Blood Transfusion
  • Others

By End Users

  • Hospitals
  • Specialty Clinics
  • Diagnostic Centers
  • Blood Banks

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Report Highlights

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

Pharmaceutical Thermal Analysis Market Overview, Application, Regional Outlook, Competition Outlook, Research Methodology, Segmentation, End Users Forecast To 2021 – 2028

Any pharmaceutical substance, whether solid, liquid or semisolid, can be characterized and analyzed using thermal analytical techniques. Pharmaceutical thermal analysis is both dynamic and diverse and pharmaceutical thermal analysis techniques are important methods for characterizing the properties and structures of pharmaceutical products. These techniques are used to analyse changes in specific properties and the analysis provides insights into the thermodynamics and kinetics involved. Various properties are analyzed using different techniques – Differential Scanning Calorimetry studies enthalpy, Differential Thermal Analysis studies and tracks the difference in temperature, Thermogravimetric Analysis measures the mass of the analyte and Dynamic Mechanical Analysis analyzes the deformity in the analyte. Although pharmaceutical thermal analysis is not a new field, more advanced techniques, applications and instruments are constantly appearing in the pharmaceutical industry. 

Conventionally, pharmaceutical thermal analysis was mainly employed in research and development, but it has gained substantial influence in the pharmaceutical industry over the years. Commercially, advancements in techniques and applications have become extremely important to the pharmaceutical industry as they increase the sensitivity and decrease the time taken considerably. The dramatic decrease in the time taken will account for enormous economic benefits. Pharmaceutical thermal analysis tools can be found in nearly all analytical development and formulation laboratories within the pharmaceutical industry.

Recent Developments in Pharmaceutical Thermal Analysis Market

Initially, there were primarily two differential scanning calorimetry instruments – Power Consumption Differential Scanning Calorimetry and Heat Flux Differential Scanning Calorimetry Analyzer. However, recent advancements in techniques of differential calorimetry analysis have given rise to two more versions – Modulated DCS and Tzero DCS – with significant improvements in resolution and sensitivity. These advanced technologies result in accurate characterization of a wide range of crystalline and amorphous pharmaceutical materials including proteins, tablets and frozen solutions.

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Factors Driving the Pharmaceutical Thermal Analysis Market

The global market for pharmaceutical thermal analysis market is driven by analytical developments within the industry, which illustrates the importance of analytical methodologies. Pharmaceutical thermal analysis offers versatile tools for the successful analysis and development of pharmaceutical products. It also plays a substantial role in research and development, enabling research organizations to explore the properties of various materials.

Regional Outlook

Geographically, the pharmaceutical thermal analysis market can be segmented into North America, Latin America, Europe, Asia Pacific, Japan and Middle East & Africa. North America accounts for the largest share of the pharmaceutical thermal analysis market, which can be attributed to the increasing industrial R&D expenditure and the availability of public and private funding for research studies. Europe is pegged to be next in line with a substantial market share, followed by Asia Pacific.

Competition Outlook

Some of the key players in the pharmaceutical thermal analysis market are Waters (US), NETZSCH (Germany), LINSEIS (Germany), Mettler-Toledo (US), PerkinElmer (US), SETARAM (France), and Shimadzu (Japan), Particle Technology Labs Ltd, RJ Lee Group Inc., Harper International Corporation, Westmoreland Mechanical Testing & Research Inc., Particle Technology Labs Ltd, RJ Lee Group Inc., TE Connectivity India Sales Office, Anderson Materials Evaluation Incorporated, Harper International Corporation and Westmoreland Mechanical Testing & Research Inc.

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Research Methodology

FMI utilizes a triangulation methodology that is primarily based on the overall expenditure on life science research and R&D funding and capital equipment installed base to obtain precise market estimations and insights on life science and biotechnology associated products, technologies, applications and services. The bottom-up approach is always used to obtain insightful data for the specific country/regions. The country-specific data is again analysed to derive data at a global level. This methodology ensures high quality and accuracy of information.

Secondary research is used at the initial phase to identify the feasibility of the target products/technology categories and its respective segments, product and service offerings, equipment installed base in end use facilities, adoption rate and future impact of new technologies. Additionally, per capita consumption of kits, reagents and consumables among end users is tracked at a granular level to obtain the most accurate information. Each piece of information is eventually analysed during the entire research project which builds a strong base for the primary research information.

Primary research participants include demand-side respondents such as laboratory managers, procurement managers, research supervisors at academic and research institutes, as well as key opinion leaders in addition to supply-side respondents such as equipment and reagent manufacturers, custom solution and service providers who provide valuable insights on trends, research application of products and technologies, purchasing patterns, services offered and associated pricing.

Quantitative and qualitative assessment of basic factors driving demand, economic factors/cycles and growth rates and strategies utilized by key players in the market is analysed in detail while forecasting, in order to project year-on-year growth rates. These Y-o-Y growth projections are checked and aligned as per associated industry/product lifecycles and further utilized to develop market numbers at a holistic level.

On the other hand, we also analyse the annual reports of various companies, investor presentations, SEC filings, 10k reports and earning call transcripts operating in the market to fetch substantial information about the market size, trends, opportunity, drivers, restraints and to analyse key players and their market shares. Key companies are segmented at tier-level based on their revenues, product portfolio and presence.

Please note that these are the partial steps that are being followed while developing the market size. Besides this, forecasting will be done based on our internal proprietary model which also uses different macro-economic factors such as overall life science research expenditure, R&D funding, industry based demand driving factors impacting the market and its forecast trends apart from other macroeconomic factors.

Key Data Points Covered in Report:

  • Pharmaceutical thermal analysis market by technique, application, end users and region
  • Regional level market analysis of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, Middle East & Africa by test type, end use segments and country
  • Pharmaceutical thermal analysis market dynamics & opportunity assessment
  • Historical actual market size of pharmaceutical thermal analysis, 2013 – 2017
  • Pharmaceutical thermal analysis market size & forecast, 2018 – 2028
  • Competition & companies involved
Segmentation

The pharmaceutical thermal analysis market can be segmented on the basis of the following parameters:

Technique:

  • Differential Scanning Calorimetry (DSC)
  • Heat flux DSC
  • Power-compensation DSC
  • Modulated Temperature DSC
  • Tzero-DSC
  • M-DSC
  • Differential Thermal Analysis (DTA)
  • Thermogravimetric Analysis (TGA)
  • Dynamic Mechanical Analysis (DMA)

 Application:

  • Polymorphism
  • Solid Dispersion System
  • Lypophilization Optimization

End Users:

  • Pharmaceutical Manufacturers
  • Academic Research Centers

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Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Japan
  • China
  • Middle East & Africa

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

Pharmaceutical Dosage Form Testing Systems Market Key Players- SOTAX AG, ABC Laboratories, Almac, Dalton Pharma Services, GEA Process Engineering, Micromeritics Instrument Corporation

The global pharmaceutical dosage form testing systems market is expected to register a significant CAGR over the forecast period. Several regulations imposed by various organizations, such as the U.S. FDA, across the globe necessitate quality checks in the manufacturing of pharmaceutical drugs to ensure the quality, efficacy, and safety of capsules and tablets, which in turn is anticipated to boost the demand for pharmaceutical dosage form testing systems. The introduction of advanced technology based dosage form testing systems is also driving the growth of the global pharmaceutical dosage form testing systems market. 

However, the high price of pharmaceutical dosage form testing systems may act as a restraint for the global pharmaceutical dosage form testing systems market over the forecast period. Additionally, the dearth of skilled personnel for operating pharmaceutical dosage form testing systems is also creating a hurdle for the growth of the said market.

Pharmaceutical dosage form testing systems are used to verify the efficacy and bioavailability of a drug formulation. The evaluation and assessment of a tablet’s chemical, physical, and bioavailability properties are especially important in tablet design and for monitoring product quality. Various standards should be used to control the pharmaceutical quality of tablet dosage forms. The standard QC tests carried out on tablets include weight variation, content uniformity, diameter and thickness, hardness, friability, disintegration, and dissolution. It is imperative to test for formulary stability and potential drug degradation. Dosage form testing also verifies the physical strength of formulation. Pharmaceutical dosage form testing systems have additional features such as vibration-free tablet separation, auto separation and auto alignment.

Numerous tests are performed at every stage of production to ensure that quality is not compromised and that Good Manufacturing Practices are followed. Quality checks are crucial to the pharmaceutical industry as they guarantee the patient a safe and effective product and further, protect the manufacturer against compensation claims.

Pharmaceutical dosage form testing systems ensure that a quality end product reaches the end consumer, which is a key factor anticipated to propel the demand for pharmaceutical dosage form testing systems worldwide.

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Regional Outlook

On the basis of regional presence, the global pharmaceutical dosage form testing systems market can be segmented into eight key regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding China and Japan (APCEJ), China, Japan and Middle East & Africa. North America is pegged to dominate the global pharmaceutical dosage form testing systems market with a leading share in terms of revenue. The market in the region is expected to register significant growth over the forecast period, owing to technological advancements and the presence of developed medical infrastructure. Europe, followed by North America, is slated to hold a moderate share and register a healthy growth rate in the global pharmaceutical dosage form testing systems market.

APECJ and China are emerging as lucrative markets for pharmaceutical dosage form testing systems and are anticipated to register significant shares over the forecast period due to the increasing demand for these systems and developing medical infrastructure in the regions. Latin America and MEA are at a nascent stage in the global pharmaceutical dosage form testing systems market and are expected to exhibit moderate growth over the forecast period, owing to the increasing medical facilities in these regions.

Market Participants:

Some of the market players in the global pharmaceutical dosage form testing systems market include SOTAX AG, ABC Laboratories, Almac, Dalton Pharma Services, GEA Process Engineering, Micromeritics Instrument Corporation, Quality Chemical Laboratories and SCYNEXIS, Inc.

The report covers exhaustive analysis on:

  • Pharmaceutical dosage form testing systems market segments
  • Pharmaceutical dosage form testing systems market dynamics
  • Historical actual market size, 2013 – 2017
  • Pharmaceutical dosage form testing systems market size & forecast 2018 to 2028
  • Pharmaceutical dosage form testing systems market current trends/issues/challenges
  • Competition & companies involved
  • Pharmaceutical dosage form testing systems market drivers and restraints

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Regional analysis includes

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding China and Japan (APECJ)
  • China
  • Japan
  • Middle East & Africa
Segmentation: 

The global pharmaceutical dosage form testing systems market can be segmented on the basis of device type, dosage type, test type and end user.

On the basis of device type, the global pharmaceutical dosage form testing systems market can be segmented into:

  • Automated System
  • Semi-automated System

On the basis of dosage type, the global pharmaceutical dosage form testing systems market can be segmented into:

  • Capsule
  • Tablet

On the basis of test type, the global pharmaceutical dosage form testing systems market can be segmented into:

  • Friability Test
  • Hardness Test
  • Disintegration Test
  • Content Uniformity Test
  • Dissolution Test
  • Other

On the basis of end user, the global pharmaceutical dosage form testing systems market can be segmented into:

  • Pharmaceutical Companies
  • Research Organizations
  • Others

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Report Highlights:

  • Shifting Industry dynamics
  • In-depth market segmentation
  • Historical, current and projected industry size recent industry trends
  • Key Competition landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance

Automotive Grade Inductor Market 2021 Future Trends, Opportunities, Strategies to Boost Growth, Applications with Covid-19 Impact till 2031

According to latest study, automotive grade inductor market is set to witness steady growth during 2021-2031. In the short term, demand for grade inductor will rebound steadily, with positive long-term outlook.

In the future, increased demand from automotive industry would generate opportunities.

What is Driving Demand for Automotive Grade Inductor

Automotive grade inductors are current-impelling contraptions that have electromagnetism property. They include an uninvolved two-terminal electrical part that stores energy in an alluring field when the electric stream flows through auto grade inductors. Grade inductors are generally made by really modest mix of nickel zinc ferrite, manganese, powder iron, and metal compound.

Furthermore, the auto grade inductors are acquainted in the vehicle with offer significant AC and DC resistance and to work on the working of the embellishments.

Also, auto grade inductors are used to stay aware of the movement of current and supply isolated current to the vehicle’s lace, similar to information contraptions, entertainment devices, and LED lights, among others.

Inferable from their application as stream controlling devices for electrically worked embellishments, the auto grade inductors market is depended upon to notice colossal advancement during the guess time span.

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Increasing Efficiency Likely to Growth of Automotive Grade Inductor

Expanding reception of adornments in vehicles to build the proficiency of the tasks is required to drive the development of the car grade inductor market throughout the scheduled time span.

Besides, administrative guidelines relating to auto electronic parts, for example, AEC-Q200 are thusly projected to set out tremendous development open doors for the producers of auto grade inductors and drive the development of the worldwide auto grade inductor market during the figure time frame.

Automotive grade inductors makers are concentrating on developing high-performance inductors that can resist harsh temperatures, have wide band electrical noise, and improve vehicle efficiency.

North America Automotive Grade Inductor Market Outlook

North America is estimated to be one of the prominent market globally for grade inductor. The U.S. market is set to account for substantial share in global market during the assessment period 2021-2031.

In U.S. consumers highly prefer old vehicle for daily use, they do not purchase new vehicles, which in turn is expected to increase the sales activity.

Also, North America is projected to grow at considerable growth rate in global market owing to increasing number of manufacturer of light commercial vehicle coupled with increasing penetration of electrically operated accessories.

Europe Automotive Grade Inductor Market Outlook

The COVID-19 crisis has had a significant impact on many European countries, resulting in a drop in economic activity.

However, in automotive industry, Europe is home to a number of grade inductor manufacturers, making the region a major producer of automotive components and systems.

Europe is expected to witness noteworthy growth in the global market during the slated time period owing to increasing vehicle production as well as rising demand for passenger vehicle.

As a result, the production of passenger and commercial vehicle with automotive grade inductor has increased.

Especially in Germany, the United Kingdom, France, and Italy. Smooth operation efficiency feature highly adopted by manufacturers in these countries are expected to grow at a rapid rate.

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WHO ARE THE KEY MANUFACTURERS AND SUPPLIERS OF AUTOMOTIVE GRADE INDUCTOR

Some of the leading manufacturers and supplier of automotive grade inductor includes

  • Mouser Electronics, Inc.
  • Laird Technologies,
  • TDK Corporation,
  • Abracon,
  • TTI, Inc.,
  • Avnet, Inc.
  • Vishay Intertechnology,
  • Bourns, Inc.,
  • Murata Manufacturing Co., Ltd.,
  • Viking Tech Corporation,
  • and others.

Automotive grade inductor is supplied by several leading manufacturers and suppliers under long-term contracts with end-users.

Furthermore, manufacturers are focusing on developing manufacturing facilities in Asia Pacific countries such as India, China, Thailand, and Taiwan in order to meet the region’s growing demand.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprints

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Key Segments 

By Inductance Range:
  • Less than 1 micro henry
  • 1 to 10 micro henry
  • 10 to 20 micro henry
  • 20 to 30 micro henry
  • 30 to 40 micro henry
  • More than 40 micro henry
BY APPLICATION:
  • Passenger vehicle
    • Compact
    • Mid-size
    • Sedan
    • SUV
  • Commercial vehicle
    • Light Commercial Vehicle
    • Trucks
    • Buses & coaches

Sales Channel:

  • OEM
  • Aftermarket

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By Region:

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • U.K.
    • Spain
    • BENELUX
    • Russia
  • South Asia and Pacific
    • India
    • ASEAN
    • Australia & New Zealand
  • East Asia
    • China
    • Japan
    • South Korea
  • Middle East & Africa
    • GCC
    • Turkey
    • South Africa
    • North Africa

Aircraft Transparencies Market 2021 End-User Demand by Types, Regions, Top Players, Service Provides, Regional Outlook and Forecast to 2029

According to latest study, aircraft transparencies market is set to witness steady growth during 2021-2031.Demand for aircraft transparencies will witness steady recovery in short term, with optimistic growth outlook in the long run. Surge demand from aerospace industry, thereby augmenting the need of aircraft transparencies over the forecast period.

What is Driving Demand for Aircraft Transparencies

The term “aircraft transparency” refers to the use of transparent materials in the construction of the aircraft’s windshield, canopy, passenger windows, lenses, and other components.

Modern aircraft engineering and architectural design necessitate glazing materials with high levels of safety and high-performance mechanical qualities.

Ballistic resistance, wind loads, explosive resistance, and physical attack resistance are among the mechanical qualities. Noise reduction, solar radiation resistance, and thermal barrier behaviour are all desired features in some aircraft.

Covered frosting is the association of numerous layers of different materials like glass, polymeric movies, gums, and adaptable sheets of straightforward polymers, which is normally applied to get mind boggling mathematical shapes according to the plan of airplane.

Additionally, the significant jump in the advancement of the airplane transparencies market started with the presentation of shrewd glasses in mid 20s. Smart glass incorporates electrochromic innovation that permits the light transmission property of the glass to be changed when voltage is applied.

In smart glass intelligent windows, an electronically dimmable board is introduced between the inboard residue cover and detachable underlying lodge window framework, which contains a straightforward electrochromic medium sandwiched between two flimsy glass handles. Seat by the window controls permit travelers to change the measure of noticeable light sent through the medium according to their inclination.

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Emergence of Urban Air Mobility Platform Likely to Augmenting the Need of Aircraft Transparencies.

The introduction of new, advanced, and autonomous alternative means of transportation, as well as urban air mobility platforms, is predicted to significantly expand the aircraft transparency industry. The market for urban air mobility is also predicted to expand during the forecast period.

The metropolitan air versatility stages will establish air taxis, air ambulances, individual aeronautical vehicles, and load drones.

Every one of these metropolitan air versatility stages will fill various needs, and subsequently, will be planned and fabricated likewise. The vital reason for metropolitan air portability is to work with intra-city transportation to decrease weight on the current metropolitan versatility arrangements.

By 2030, passenger drones would be deployed for intercity air transportation after gaining social acceptance.

These autonomous aircraft prioritise passenger safety and security while commuting; as a result, aircraft transparency will be one of the most important issues to consider for these urban air mobility platforms. As a result, the rise of urban air mobility platforms is projected to enhance demand for aircraft transparency.

Improved light transmission and optical clarity, as well as electrochromic, anti-fog, and de-ice capabilities, are among its other characteristics.

Transparencies provide vertically integrated acrylic supply and unique specific procedures, such as chemical tempering, in windshields and cockpit windows. The market for aviation transparencies is booming thanks to new materials and developments in transparency technology.

North America Aircraft Transparencies Market Outlook

North America is estimated to be one of the prominent region globally. The U.S. market is set to account for substantial share in global aircraft transparencies market during the assessment period 2021-2031.

The rapid rise of technologically superior transparencies in the United States is the main reason for the country’s leadership in the aircraft transparencies market.

The increase in aircraft orders and supply in the United States is pushing transparencies producers to boost their sales year after year. Furthermore, there is a growing demand for commercial aircraft, as well as the presence of some of the market’s most prominent players. As result the market will be fostering the growth in the forecast year.

Europe Aircraft Transparencies Market Outlook

The COVID-19 crisis has had significant impact on many European countries, resulting in a drop in economic activity. However, in aerospace industry, Europe is home to number of aircraft manufacturers, making the region a major producer of aircraft transparencies.

The growth of the global aircraft transparency market in Europe is attributed to an increase in commercial and passenger aircraft deliveries.

Domestic and international travel has been continuously increasing around the world, particularly in emerging economies like Germany, resulting in increased demand for passenger aeroplanes.

This factor is expected to fuel the demand for aircraft transparencies in European countries, as they are employed in aircraft.

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Who are the Key Manufacturers and Suppliers of Aircraft Transparencies

Some of the leading manufacturers and supplier of aircraft transparencies includes

  • PPG Industries, Inc.,
  • GKN Aerospace,
  • Saint-Gobain,
  • General Electric Company,
  • Gentex Corporation, and others.

Aircraft transparencies is supplied by several leading manufacturers and supplier under long-term contracts with end-user. Furthermore, manufacturers are focusing on expanding their manufacturing facilities in Europe and North America in order to meet the region’s growing demand.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprints

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Key Segments

By Material:
  • Glass
  • Acrylic
  • Polycarbonate
By Application:
  • Windows
  • Windshields
  • Canopies
  • Landing Lights & Wingtip Lenses
  • Chin Bubbles
  • Cabin Interiors
  • Skylights

By Aircraft Type:

  • Commercial Aviation
  • Military Aviation
  • General Aviation

By End Use:

  • OEM
  • Aftermarket
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By Region:

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • U.K.
    • Spain
    • BENELUX
    • Russia
  • South Asia and Pacific
    • India
    • ASEAN
    • Australia & New Zealand
  • East Asia
    • China
    • Japan
    • South Korea
  • Middle East & Africa
    • GCC
    • Turkey
    • South Africa
    • North Africa

Aircraft Refueling Hose Market is projected to expand between 4.0% and 6.0% CAGR during the Forecast 2021-2026

According to latest research, the aircraft refueling hose market is projected to expand between 4.0% and 6.0% CAGR during the 2020-2026 assessment period. An aircraft refueling hose is used for fuelling and defueling purposes of private and commercial aircraft.

It handles jet fuel along with higher grade aromatic aviation gasoline. The ability of these systems to easily refuel aircraft in land and air during flight journey coupled with a considerable reduction in flight journey downtime significantly supports the industry size expansion over the projected timeframe.

Moreover, advancements in materials along with superior fire resistance capabilities are few major innovations in aircraft refueling hoses, contributing to the increasing segment share.

What is Driving Demand for Aircraft refueling hose

Growing demand for advanced refuellers and sales is driving the aircraft refueling hose market over the study timeframe.

Availability of wide range of built-in hose assembly with different diameter will further support the business growth.

Stringent government regulations across the globe mandating periodic maintenance of products and replacements of old products not meeting the standards are supporting the revenue generation process.

Developments in tourism sector and parallel rise in disposable income are some of the key influencing factors boosting the industry growth of commercial aircraft.

The proliferation of economical aircrafts providing affordable air travel networks across multiple countries is expected to uplift the refueling hose market growth over the time period.

In addition, airliners are constantly enhancing their aircraft portfolio in order to cater the growing air passenger traffic. In 2019, for instance, Azul airlines (Brazil) announced the up gradation of its aircraft fleet with new orders of Embraer 195-E2 aircraft and Airbus A320neo.

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Growing tourism sector and air travel to drive the commercial aviation

Increase in the tourism industry across the globe to benefit the demand for commercial aircrafts and ultimately rise the demand for aircraft refueling hose. Helicopters will showcase a considerable growth in the market size on account of the rising prevalence for Helicopter In-Flight Refueling (HIFR) systems.

Upsurge in the tourism industry is significantly contributing to the growing demand for helicopters.

Moreover, increased applications of helicopters in several industries, including oil & gas and mining, along with the installation of refueling hoses for increased reliability and higher fuel flow assurance will further propel the market size till 2031.

Europe Aircraft refueling hose demand outlook

The Europe market size will grow significantly due to the rising air travel across the region.

The proliferating air passenger traffic owing to the rising demand for low-cost air carriers along with improving tourism sector will further expand the regional share over the forecasted period.

Airliners across the region are focusing on expanding their aircraft fleet for catering to the rising air passenger traffic.

For instance, in 2017, Surf Air announced the expansion of its network routes and business aircraft fleet with innovative, low-cost, and subscription-based all-you-can-fly-model to target a wide air travelling customer base.

North America Demand Outlook for Aircraft refueling hose

North America will account for a significant share in the aircraft refueling hose market size.

The massive defense budget along with the rising air passenger travels are some of the major factors supporting the regional growth.

For instance, the U.S. Pentagon has proposed a defense budget amount to USD 718 billion for FY 2020. Moreover, Canada defense expenditure accounted for around USD 16 billion in 2018, positively influencing the regional share over the study timeframe.

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Who are the Key Manufacturers and Suppliers of Aircraft refueling Hose

Some of the leading manufacturers and suppliers include

  • A.E.R.O. Aviaion Hose Shop,
  • Aljac Fuelling Components Ltd.,
  • APACHE,
  • Becker & Associates,
  • Cobham Mission Systems Wimborne Limited,
  • Coxreels, Delafield Corporation,
  • Eaton,
  • Elaflex hiby GmbH & Co. KG,
  • Husky Corporation,
  • IVG Colbachini S.p.A,
  • JGB Enterprises, Inc.,
  • Parker Hannifin corp,
  • Pear Hose corp,
  • ContiTech AG,
  • OGCF Engineering (M) Sdn Bhd,
  • Herber Aircraft Service, Inc.,
  • and Hannay Reels Inc.
  • among others.

Several key market participants are focusing on new & innovative product development to cater the growing demand from the end use sector.

Key players are investing an enormous amount in research and development to introduce new products and they are also investing to manufacture products in a sustainable way, to decrease the carbon emission.

Key players are also focusing on acquisitions of small and medium size players and collaborations with other market participants either for the R&D or to manufacture the product at a large scale.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Key Segments

By product Type

  • Stainless steel Hose
  • Composite Hose
  • Rubber Hose

By sales channel

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

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By Application

  • Helicopters
  • Military aircraft
  • Unmanned air vehicle
  • Commercial aircraft
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Europe
    • Germany
    • Italy
    • France
    • U.K
    • Spain
    • BENELUX
    • Russia
    • Rest of Europe
  • South Asia
    • India
    • Asian
    • Australia & New Zealand
  • East Asia
    • China
    • Japan
    • South Korea
  • Middle East and Africa
    • GCC Countries
    • Turkey
    • S. Africa
    • Northern Africa
    • Rest of MEA

Car Rental Service Market Sales are forecast to grow at a 7.2% CAGR, pushing the market size to US$ 134 Billion in 2021.

Newly released data by Future Market Insights (FMI) shows that the global car rental services market is expected to reach a valuation of US$ 134 Bn in 2021. Growing popularity of ride-sharing services is expected to augment the growth of the market, pushing sales at a 7.2% CAGR over the assessment period.

Subscription models are increasingly gaining  traction among consumers as they are cost-effective and offer more convenience. Driven by this, various OEMs are entering the market with improved service offerings, which is expected to augment the growth of the market.

Further, players are aiming to improve their present working models, while utilizing their abilities in fleet management and existing public fleet presence to gain a competitive advantage.

Vehicle subscriptions are expected to entice customers who may not represent conventional customer profiles for OEMs. For example, few extravagant OEMs are trying membership models widen their customer base.

Moreover, the car subscription model permits customers to maintain a strategic distance from upfront capital necessities and long-term contracts related with buying or renting. It also allows consumers to access comfort and adaptability with the “all-in” month-to-month expense and responsibility.

“Growing preference for economic cars and rise-sharing services, coupled with subscription models offered by market players will continue fueling growth of the market over the assessment period,” says an FMI analyst.

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Key Takeaways:

  • Based on car type, demand for economy cars is expected to surge at a considerable pace over the forecast period.
  • In terms of end use, the on-airport segment is projected to remain dominant through 2031.
  • Sales in the mobile application segment are forecast to continue gaining traction over the forecast period.
  • The U.S. is expected to dominate the North America market owing to the presence of key market players and increasing preference for ride-sharing services.
  • Demand in the U.K. is expected to remain high due to growing prevalence of medical tourism in the country.

Competition Landscape

Some of the key players operating in the car rental services market are Enterprise Holdings Inc., The Hertz Corporation, Avis Budget Group, Europcar Group, Carzonrent, Sixt SE, AI Futtaim Group, Localiza-Rent A Car, Eco Rent A Car, and GlobalCARS among others.

Leading players operating in the market are offering services aligned with consumers’ expectations to gain a competitive edge in the market. Besides this, players are investing in mergers, acquisitions and collaborations to strengthen their footprint in the market. For instance:

  • In January 2020, Localiza Rent A Car SA had been ranked 7th place in customer service – EXAME / IBRC (Ibero-Brazilian Institute for Customer Relations)
  • In 2019, Enterprise Holdings, Inc. had acquired Romsey-based car rental company, SHB Hire Ltd. The latter operates a fleet of over 18,500 commercial vehicles and this acquisition would help the company to form one of the largest U.K. commercial vehicle rental business.
  • In 2019, Hertz Global Holdings and Air France jointly launched Hertz DriveU, which had designed to meet all customer transportation needs.

Car Rental Services Market by Category

By Car Type:

  • Economy Cars
  • Compact Cars
  • Intermediate Cars
  • Premium Cars
  • Luxury Cars
  • Others

 By End Use:

  • Intercity
  • Intracity
  • On-Airport
  • Others

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By Consumer Type:

  • Business
  • Leisure

By Booking Mode:

  • Offline Access
  • Mobile Application
  • Other Internet Access

By Sector:

  • Organized
  • Unorganized

By Region:       

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

For in-depth insights, Download a PDF Brochure – https://www.futuremarketinsights.com/reports/brochure/rep-gb-975

About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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