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Banking-as-a-Service (BaaS) Platform Market 2021 Assessment and Key Insights Analyzed Till 2031

According to the banking-as-a-service (BaaS) platform industry analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 15.7% from 2021-2031.

The report also forecasts that the market will surpass a valuation of ~US$ 2.8 Bn by the end of 2021. As per FMI, rapid technological advancements and presence of application programming interface (APIs) have created prospects for banking-as-a-service (BaaS) platforms. These technologies have become essential in improving economic competitiveness, thereby propelling the market growth.

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Over the past few years, BaaS has emerged as a new and innovative way for banks and third parties to collaborate in order to provide customers with digital-only banking products and services and enhanced customer experiences. BaaS has caused a shift in the way that banks and third parties work together and has huge advantages for both the incumbent players and those starting out in the financial services industry.

banking as a service platform market key countries and end user mekko chart 2021

Increased competition has led to increased innovation in the banking space which in turn has led to improved digital experiences for customers. Customers have greater choice than ever before when it comes to what financial products and services they use.

Key Takeaways: Banking-as-a-Service (BaaS) Platform Market

By solution, the banking as a service platform segment is anticipated to account for the leading share in the global demand for banking-as-a-service (BaaS) platform during the forecast period. However, the banking as a service APIs segment is estimated to grow at a robust CAGR of 17.1% through 2031.
By enterprise size, the integration of BaaS platform in small & mid-sized organizations is anticipated to increase at a CAGR of 16.6% between 2021 & 2031, while large organizations are currently dominating the market share.

The adoption of banking-as-a-service (BaaS) platform by fintech corporations is expected to rise at maximum pace. As per FMI, demand in this segment will increase by a CAGR of 18.2% between 2021 and 2031.
Europe is expected to lead the market followed by North America in 2021. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2021 & 2031.
The market in Japan is expected to progress at a CAGR of 17.9% through 2031.
In the U.K., sales are expected to increase at a CAGR of close to 16% over the next ten years.

“Fintechs and digital banks have been encroaching on incumbent institutions in the banking game and disrupting traditional business models — but by moving into the BaaS space. Tech-savvy legacy banks can turn this looming threat into an opportunity” says FMI analyst.

COVID-19 Impact Analysis on Banking-as-a-Service (BaaS) Platform Market

The outbreak of COVID-19 has led to more usage of banking components because remote working and social distancing have helped digital banking gain a huge customer base. COVID-19 has been a defining moment for digital transformation, as financial institutions that invested strategically & financially in the digitalization process over the past decade, have been better prepared to navigate these shifts and respond to the crisis.

The market has witnessed a significant growth previously, but due to the unexpected COVID-19 outbreak, the market will witness additional growth in 2020, owing to the rising demand for seamless banking transactions. This growth will be majorly driven by changing customer behavior, increasing focus of the people from visiting bank branches to online access of bank services.

Hence, implementation of banking-as-a-service (BaaS) platform would be highly valuable during the COVID-19 period due to several factors such as rising use of electronic transactions amid pandemic crises, and to enable stress-free banking activities.

According to a 2020 World Bank survey, the fintech market has continued to help expand access to financial services during the COVID-19 pandemic—particularly in emerging markets—with strong growth in all types of digital financial services except lending. On an average, Fintech firms reported around 11% growth in volume of digital payment transactions, in H1,2020 as compared to H1,2019. Fintech innovations are helping reduce the cost of providing services, making it possible to reach more people, and reducing the need for face-to-face interactions, essential for keeping up economic activity during the pandemic.

Thus, the demand for banking-as-a-service (BaaS) platform is estimated to grow around 11.6% to 13.8% Y-o-Y from 2019 to 2021.

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Rapid Shift towards Embedded Finance

More and more nonbank companies are offering financial services, such as bank accounts or wallets, payments, and lending. Today, companies of all types and levels of maturity—including retailers, telcos, big techs and software companies, car manufacturers, insurance providers, and logistics firms—are considering and preparing to launch embedded financial services to serve business and consumer segments.

To meet the rising demand for embedded finance, financial institutions are increasingly offering banking as a service (BaaS)—bundled offerings, often white-labeled or cobranded services that nonbanks can use to serve their customers. With the acceleration of digitization, including automation and APIs, banks can scale BaaS faster, putting embedded finance within reach for more companies considering it. This is further estimated to fuel up the banking-as-a-service (BaaS) platform market growth prospects in the near future.

More Valuable Insights on Banking-as-a-Service (BaaS) Platform Market

FMI’s report on the banking-as-a-service (BaaS) platform industry research is segmented into four major sections – solution (banking as a service platform, banking as a service APIs, and services), enterprise size (small & mid-sized organizations and large organizations), end user (banks, fintech corporations, investment firms, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the banking-as-a-service (BaaS) platform demand outlook.

Banking-as-a-Service (BaaS) Platform Outlook by Category

By Solution:

Banking as a Service Platform
Banking as a Service APIs
Services
- Payment Processing Services
- Digital Banking Services
- KYC Services
- Customer Support Services
- Others

By Enterprise Size:

Small & Mid-sized Organizations
Large Organizations

By End User:

Banks
FinTech Corporations
Investment Firms
Others

By Region:

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

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Big Data Security Market Insights, Deep Analysis of Key Vendor in the Industry 2021-2027

Storing personal data securely, in this fast-paced world has become the most daunting task for big organizations today. Especially with the advancements in technology even the cyber security attacks are becoming sophisticated day by day, eluding all the traditional security tools, leading to demand for advanced protection techniques such as Big Data security. Big Data security is just a tool used to secure huge amounts of data possessed by large enterprises. Large enterprises having thousands of employees need to secure bulks of personal data about their employees and customers and even need to manage it to analyze and even predict security incidents.

The market for big data security holds a substantial revenue share in the security markets. Also, the market is anticipated to witness a healthy CAGR, as the enterprises continue to expand the size of their company. As the size of the enterprise increases, employees and customers will increase thereby impacting the data volumes generated by the company thereby raising the need to maintain and secure the data.

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Global Big Data Security Market: Market Dynamics

Increasing sophistication in the attacking techniques leaving the data vulnerable, in addition to rising volumes of data generated by different enterprises is the key factor driving the market of big data security. Big Data security is nowadays necessary for all the huge enterprises, may they belong to any domain, but it is inevitable for the banking & financial service providers as well as for government and defense departments. These organizations possess the most critical assets and information about public and hence it is crucial for them to manage and secure it.

Also with the advancing technologies, a large amount of R&D, is in progress in this field, which is expected to drive the growth of the market. Also, the cloud solutions for big data security are cost-effective and provide accessibility across the world. Because of the minimal amount of hardware required they can be accessed from anywhere, anytime. Due to these reasons cloud technologies, greatly ease the process of securing and managing data, driving the growth of big data security market.

However, high installation costs, limited data security budgets and lack of awareness about data security are the primary reasons that can thwart the growth of Big Data Security market.

Global Big Data Security Market: Regional Outlook

Regionally, the global Big Data Security market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

The APAC region is expected to be the fastest-growing region in the sandboxing market. The major reason being the rising cyber security attacks in this region.

In the developed economies of the US and Canada, there is a high focus on innovations obtained from Research and Development (R&D) and security technologies.

The North American region, followed by Europe, is expected to be the largest revenue-generating region for Big Data Security market in 2017.

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Global Big Data Security Market: Competition Landscape

The key vendors in the global Big Data Security market are Oracle Corporation, Microsoft Corporation, Symantec Corporation, IBM Corporation, Amazon Web Services, Hewlett Packard Enterprise, Mcafee, LLC, Check Point Software Technologies Ltd., Imperva, Inc., and Dell Technologies. High Investment in R&D and continuous technological innovations to onset the malicious attacks is the key strategy followed by major market vendors to gain competitive edge.

The report covers exhaust analysis on:

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

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)

Global Big Data Security Market: Segmentation

Global Big Data Security market is segmented on the basis of deployment type, verticals, and region.

On the basis of deployment,

Cloud
On-Premise

On the basis of verticals

BFSI
Government
Energy & Utilities
Healthcare
Manufacturing
Retail
Telecom & IT
Transportation & Logistics
Others.

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

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Car Bulb Market Global Industry Analysis and Forecast Till 2021 – 2028

Car bulb is an integral part of automotive lighting systems where anterior and rear lighting is involved. Car bulbs also find their use in indicative lighting systems. The aesthetic features present within the interior and exterior of the vehicle is as important as the performance offered by the vehicle from the customer’s viewpoint of a lighting system. With increased dependency on electronics to perform various functions in a vehicle, different types of car bulb has also becomes one of the attractive feature provided in the premium as well as normal vehicle. Car bulb delivers cabin comfort and offers an element of luxury to the customers. For that purpose, automotive manufacturers are innovating in their car bulb technology with adding new colors and energy efficient features.

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The trend of increased customization has made it possible for all the vehicles owners to customize their vehicle according to need or requirement. Customization has made it possible to all the vehicle owners by providing them opportunity to customize their vehicles with ambient lighting and give a new atheistic look to the interior or exterior of the vehicle. Extent of customization depends of customers need or requirement.

Car Bulb Market: Drivers

Factors influencing the growth of the car bulb market such as installation of units at OEM production site and repair and replacement experience in the aftermarket and car service channels. In recent times, the concept of ambient lighting has also brought a spur in demand for car bulbs where different types of car bulb adds an attractive feature incorporated in premium and luxury class vehicles to improve cabin comfort and increase the overall appeal of a vehicle. Moreover, the automotive industry in North America and Asian countries, such as U.S., China, India and South Korea, contributes a healthy amount to the world’s GDP. Though the sales of high-end vehicles is heavily outperformed by the sales of entry level variants, easy availability of aftermarket car bulb coupled with consumer shift towards customization is steadily favoring the car bulb, and is helping in driving the car bulb market forward.

The car bulb market is seen to be high volume market whose growth will depend upon the overall growth of the automotive ancillaries’ industry sector. The car bulb market is characterized as highly competitive one with an influx of tier-1 manufacturers operating on global scale as well as regional and local level OEMs. The tier-1 manufacturers are seen to provide car bulb directly to OEM channel as well as sales in aftermarket spare parts trade channel. The local and regional level car bulb manufacturers mainly sell through the aftermarket route.

However, increasing fuel emission norms in the country have compelled manufacturers to reduce the number of components in vehicles and remove components that have the least mobility functionality. For this reason, the manufacturers in Japan are considering entirely omitting interior ambient lighting systems, especially in compact to mid-size variants. These regulations may prove to be a dent in the growth of car bulb market.

Car Bulb Market: Region Wise Trend

Region wise, the car bulb market is divided into nine region: Latin America, North America, Western Europe, Eastern Europe, MEA, SEA, India, Japan and China. Western Europe is a major hub of the automotive with Germany, Italy, France and the United Kingdom being at the forefront. Automotive manufacturers in these countries are focused on rolling out mid-level to high-level variants which take up a major share of the market. Additionally, consumers in the region are also focusing on environmental sustenance, prompting a slight shift towards electric vehicles. Increase in the sales of electric vehicles will be the trending opportunity for car bulb manufacturers.

Consumers in North America have been known to radically alter their vehicles. This trend of customization as well as automotive manufacturers’ implementation of such systems (ambient lighting) is one of the prime reasons driving the car bulb market. Moreover, the presence of a significant number of aftermarket car bulb manufacturers will make the car bulb aftermarket strong in the region.

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Car Bulb Market: Market Participants

Some of the market participants/vendors identified in the Car Bulb market across the globe are:

Philips
Osram GmbH
Ring Automotive Limited
Lucas Electrical
Stanley Electric Co. Ltd.
Jagan Lamps
Sylvania Inc.
Autolite (India) Limited
GE
PIAA Corporation

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 exhaustive analysis on:

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

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.

Car Bulb Market: Segmentation

On the basis of car bulb type, the Car Bulb market can be segmented into:

Halogen
Xenon
LED

On the basis of number of filament used in car bulb, the Car Bulb market can be segmented into:

On the basis of positioning of car bulb, the Car Bulb market can be segmented into:

Interior Car Bulb
Exterior Car Bulb

On the basis of vehicle type, the Car Bulb market can be segmented into:

Compact
Mid-Size
Luxury
SUV

On the basis of application, the Car Bulb market can be segmented into:

Tail Lights
Daylight Running Lights
Fog Lights
Signal Lights
Brake Lights
Hazard Lights
Driving Lamps
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

Fire Pump Market : Notable Developments & Geographical Outlook 2021 to 2030

As manufacturing industries expand, fire hazards at industrial sites have heightened in equal proportion. The risks of fire outbreaks are especially high across chemical manufacturing, petroleum extraction and oil & gas industries. According to estimates by the International Association of Fire and Rescue Services, there were more than 1.3 million cases of fires reported in the United States and nearly 3 million cases in France respectively. Furthermore, fire hazards resulted in direct economic losses amounting to US$ 23 billion as of 2016. On the back of these trends, the demand for fire pumps across these sectors is anticipated to be the maximum in the next half-a-decade’s forecast period.

Governments are enforcing stringent fire safety regulations across factories and making it mandatory for all industrial plants to have proper fire escape and firefighting facilities. To this end, countries such as the United States are appropriating their budgets to install fire pumps across industrial and household sectors respectively.

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Fire Pump Market- Competitive Landscape

Some prominent market players in the fire pump market include Xylem Inc., Grundfos Pumps Corporation, Pentair Ltd, CET Fire Pumps Mfg Inc, Eaton, Waterous, NAFFCO, Armstrong Fluid Technology and Canariis Corporation. Acquisition of certifications, product launches and research and development are the key expansion strategies resorted to by the vendors.

For instance, CET Fire Pumps Mfg Ltd., manufactures the PFP-9HPNHND-EM High-Volume Portable Fire Pump, the PFP-9HPHND-M and PFP-9HP-DSL pumps. Likewise, Waterous manufactures the PB18 and E500 portable fire pumps.

Electric Fire Pumps to Tower over Others due to Cost & Operational Benefits

In terms of operating power, electric fire pumps will gain the higher ground in comparison to other pumps such diesel pumps. A key differentiator between electric and diesel pumps is the cost factor, with the former proving comparatively more inexpensive than the latter.

While electrical pumps require dedicated servicing and may have high electrical costs, diesel pumps require constant inspection of its batteries, oil intake, cooling system, engine and hose maintenance, in addition to a weekly run test.

This puts electric pumps at a higher pedestal, leading to heightened demand across the upcoming forecast period.

Oil & Gas Spearheads Global Fire Pumps Market due to Increased Fire Hazard Vulnerabilities

When it comes to fire hazards, there is probably no industry which is as vulnerable as the oil & gas industry. While undertaking exploration and drilling activities, workers are constantly at the risk of severe injuries from fires induced by explosions due to ignition of flammable vapors or gases.

Volatile gases such as hydrogen sulfide are released from trucks, wells, production and surface equipment.When in close proximity to ignition sources such as cigarettes, lightning, static electricity, matchsticks, lighters, frictional heat and cutting and welding tools, these can easily vaporize and catch fire.

Global Fire Pumps Market: Regional Insights

Amongst all the regions profiled in this report, the North American fire pumps market is expected to remain the hegemon throughout the forecast period. Growth is majorly attributed to a rise in fire accidents across the industrial and residential sectors.

According to the National Fire Protection Association, in 2018, the U.S fire departments responded to approximately 1.3 billion fire incidents, which resulted in over 3,500 civilian fatalities and over 15,000 injuries.

A loss of US$ 25.6 billion in property was recorded, most of them arising from the Californian wildfires. This has prompted government agencies to augur their spending on fire safety measures.

Significant growth opportunities exist in the Asia-Pacific region, with South Asia recording the highest number of industrial and residential fire hazards. Most of these incidents occur in India and Bangladesh.

COVID-19 Induces Sluggishness in the Short-Run, Growth to Rebound in the Long-Run

The COVID-19 pandemic has adversely affected the industrial automation & equipment industry, which also incorporates the fire pumps market within its ambit.

Several fire pump manufacturers have recorded a slump in their sales and production due to ceasing business activities induced by mandatory social distancing protocols. Employees are being encouraged to remain indoors, leading to limited production on-site.

Logistical impediments are rendering it difficult for factory workers to travel to their workplace, inducing further downturns in the market. Governments have realized the importance of firefighting and have been taking measures to ensure that the market functions without hindrances.

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Regions and Countries Analyzed in the Report

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

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.

Global Fire Pump Market Segmentation:

By Power for Operating

electric fire pumps
diesel fire pumps
steam turbine
dual fire pumps

By Product Type

horizontal split case
vertical split case
vertical in line
vertical turbine
end suction

By Application

irrigation
sludge handling
wastewater
boiler feed
stormwater handling
others

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Propylene Glycol Methyl Ether Market 2021 Segmentation and Analysis by Recent Trends, consumption by Regional data, Development, Investigation, Growth by to 2028

The market report envelopes an all-in information of the global Propylene Glycol Methyl Ether market and the nature of the market growth over the foreseeable period. The report provides a comprehensive elaboration of the positives and negatives of the global Propylene Glycol Methyl Ether market with DROT and Porter’s Five Forces analysis. With SWOT analysis, the report offers detailed insights about different players operating within the Propylene Glycol Methyl Ether market. In addition, the analysts of the report have served the qualitative and quantitative scrutinizing of different micro- and macro-economic factors influencing the global Propylene Glycol Methyl Ether market.

Key segments covered in the global Propylene Glycol Methyl Ether market report by product type include

PM (Propylene Glycol Mono Methyl Ether)
DPM (Dipropylene Glycol Mono Methyl Ether)
TPM (Tripropylene Glycol Mono Methyl Ether)

The Propylene Glycol Methyl Ether market report examines the consumption patter of each segment and the factors affecting the pattern. In addition, the report focuses on the production footprint of each segment in various industries and regions across the globe.

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By application, the global Propylene Glycol Methyl Ether market consists of the following:

Chemical intermediate
Solvent
Coalescing agent
Coatings
Electronics
TFT-LCD Manufacturing
Semiconductor
Others

The Propylene Glycol Methyl Ether market report helps the readers grasp the changing trend in the industry supply chain, manufacturing techniques and expenses, and current scenario of the end uses in the global Propylene Glycol Methyl Ether market.

Prominent players covered in the global Propylene Glycol Methyl Ether market contain

BASF SE
Eastman Chemical Company
Royal Dutch Shell plc
LyondellBasell Industries N.V.
DowDuPont Inc.
Manali Petrochemicals Limited

All the players running in the global Propylene Glycol Methyl Ether market are elaborated thoroughly in the Propylene Glycol Methyl Ether market report on the basis of proprietary technologies, distribution channels, industrial penetration, manufacturing processes, and revenue. In addition, the report examines R&D developments, legal policies, and strategies defining the competitiveness of the Propylene Glycol Methyl Ether market players.

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The Propylene Glycol Methyl Ether market analyses the following important regions:

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 Propylene Glycol Methyl Ether market report answers the following queries:

Why consumers are highly inclined towards the consumption of segment in the Propylene Glycol Methyl Ether market?
What are the opportunities available for players operating in the global Propylene Glycol Methyl Ether market?
Which trends have the maximum impact on the growth of the global Propylene Glycol Methyl Ether market?
Why region leads the global Propylene Glycol Methyl Ether market?
What are the drivers and restraints affecting the market size of the global Propylene Glycol Methyl Ether market?

What the report encloses for the readers:

Critical insights of each segment, including volume growth outlook, and demand & supply pattern.
A to Z of each player – positives & negatives, current status, future developments – of the global Propylene Glycol Methyl Ether market.
Detailed information regarding the trends influencing the growth of the global Propylene Glycol Methyl Ether market.
In-depth assessment on the utilization of Propylene Glycol Methyl Ether in each end use industry.
Historical data and future growth outlook of the global Propylene Glycol Methyl Ether market.

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Digital intelligence solutions to help clients stay at the forefront.
Published 6, 000+ reports and recognized by 150+ countries globally.
A team of 300+ analysts to deliver real-time information across various industries and companies.
Customized business reports to overcome unique market challenges

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Explore Wide-ranging Coverage of FMI’s chemical and materials Market Insights Landscape

Veneer Sheets Market FMI’s analysis gives an insight into key market trends, strategies, regional players and various segments on the basis of form, type, application and region.

Polysulfide Market Find insights into global market scenario and segmentation on the basis of ingredients, application, source and region.

Diketene Market FMI’s report highlights parent market trends and strategies in the market with segments and dynamics through the forecast period.

Motorcycle Suspension System Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2029

As per changing consumer buying behavior, motorcycle suspension system is gaining stature as a key performance indicator in motorcycles. The growth of the motorcycle suspension system market is directly related to the production and on-road fleet of two wheelers. Motorcycle suspension system market is anticipated to reach ~US$ 2.4 Bn by the end of 2029 and is expected to grow at ~5% CAGR in the forecast period of 2019-2029. Rising usage of motorcycles for recreational purposes is resulting in increasing demand for shock absorbers for long-distance touring.

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Motorcycle Suspension System Market Key Takeaways

Establishing long-standing direct sales-supply agreements with automotive OEMs is a key winning strategy for market participants in the motorcycle suspension system market.
A suspension system is one of the few noticeable components and is now gradually turning out to be among the deciding factors while purchasing a motorcycle.
Suspension systems these days are being marketed as USPs of vehicles during new launches and advertisements by key players.
Increasing recreational activities, including off-road biking, are an unevolved opportunity for market players to launch specific suspension systems to gain competitive advantages.
Rising traffic congestion is an inescapable condition resulting in lengthy commutation time. This, in turn, is a key factor responsible for the inclination of customers towards motorcycles and is expected to subsequently contribute to the growth of the motorcycle suspension system market in the coming years.
In the current scenario, scooters are trending as compared to conventional motorcycles, owing to their easy handling, good stability, and low price range. Scooters are being preferred by all age groups, especially aged citizens, teenagers, and females.
Passive motorcycle suspension system technology is anticipated to remain popular across the globe in the motorcycle suspension system market.

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New players at global and regional levels can reap rich benefits by focusing on replacement and aftermarket sales, riding on the new trend of retrofitting and customizing motorcycles.

Motorcycle Suspension System Market: Segmentation

The global motorcycle suspension system market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Product

Front Suspension
- Telescopic Fork
- Others
Rear Suspension
- Dual Shocks
- Mono Shocks
- Others

Sales Channel

OEMs
Aftermarket

Technology

Passive
Active/Semi-active

Motorcycle

Standard
Cruiser
Sports
Scooter
Mopeds
Others

Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excl. Japan
Japan
Middle East & Africa

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ASEAN Countries Emerging as Growth Hub for Market Players

The motorcycle suspension system market is fairly consolidated, with key market players such as Gabriel India Limited, ZF Friedrichshafen AG, Showa Corporation, KYB Corporation, and BMW Group accounting for significant share of the total market value. The participation of local companies carrying technical licensing agreements with foreign brands has substantially contributed to the development of the motorcycle production and assembly market in ASEAN countries.

Food-Grade Lubricants Market Prevalent Opportunities Up to 2020

Grease or lubricant may get added in the food through cracks, leaks or untidy use during maintenance making them indirect food additives. This demands the use of food grade grease in the euipments involved in the manufacturing process. Selecting and using an appropriate food grade grease ensures a safe, smooth and efficient working of the plant all while avoiding toxicity, maintaining the health standards and increasing the profitability. In every geographical region, several government authorities like NSF, NHF, FDA, NAFDAC, CFIA, FSSAI, EFSA, MOH, FSANZ, etc. have strict regulations for the use of grease being a food grade grease. Every country has different standards

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Every lubricant, including the food grade grease, should be able to provide sufficient lubrication for metal-metal surface separation along with the ability to perform in extreme temperature and pressure environments. Properties like anti-wear performance, high load carrying, good seal compatibility, oxidation stability, rust and corrosion inhibitors are also desirable from food grade greases. The food grade greases must resist the impurities such as steam, process water, high pressure cleaning and acidic conditions. Other chemicals and raw materials used in the course of manufacturing may also act as contaminants.

Food grade grease finds extensive use in the food, beverages, cosmetics and pharmaceutical sectors. Other areas where food grade grease finds a small but vital share includes packaging and logistics sector, equipment manufacturing and food grade lubricant blending to name a few.

Market Dynamics:

The demand for food grade grease is expected to increase as the processed food industry advances. Technological developments are identified as a pivotal factor to propel the growth of the processed food industry and this in turn is expected to directly to drive the food grade grease market as well. Observing the growing concern over the food consumption, authorities such as USDA (United States Department of Agriculture) have put forth stringent laws that promote the use of food grade grease in the equipments handling edible products, directly or indirectly. Such regulations will keep the demand for food grade grease growing in respective regions during the forecast period.

The manufacturers today comply with the regulations in order to avoid recalling the products and hefty penalty fees. Since the awareness around the food grade grease is growing recently, innovative products will stay in demand and propel the growth of food grade greases.

Mineral oil based food grade greases have been in a greater demand due to the easy availability and low cost. It can experience a stable growth during the forecast period. However, synthetic oil based food grade grease is expected to increase demand due to its enhanced properties and better performance.

Geographically, the food grade grease market can be segmented into Asia Pacific, North America (U.S., Canada and Mexico), Europe, Middle East and Africa, and Latin America.

Regional Outlook:

Currently, Europe is comparatively a bigger market in the world for food grade greases and is followed by North America. The dominance of these regions can be credited to the rigorous food safety norms present here. Increased health awareness among the manufacturers is also one prominent factor that boosts the growth of food grade grease in these regions.

However, in the near future, Asia-Pacific among all regions, is expected to develop at the fastest pace considering the firm economic growth of countries like China and India.

List of Market Participants:

Presently, the food grade grease market is dominated by several market players out of which few are listed below:

Fuchs Petrolub SE, Germany
BP PLC, United Kingdom
Total S.A., France
Petro-Canada Lubricants Inc., Canada
Exxon Mobil Corporation, United States of America
Kluber Lubrication Munchen SE & CO. KG, Germany
AB SKF, Sweden
LanxessAktiengesellschaft, Germany
Illinois Tool Works Inc., United States of America
Jax Inc., United States of America
ITW ROCOL, England
Bel-Ray Company LLC, United States of America
Lubriplate Lubricants Company, United States of America
Schaeffer Manufacturing Co., United States of America
Suncor Energy Inc., Canada

The report covers exhaust analysis on:

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

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)

Market Segmentation:

Market for food grade grease can be segmented on the basis of type of lubricant, base oil, end use and geographic regions.

On the basis of the type of lubricant, food grade greases can be segmented as:

H1 lubricants
H2 lubricants
3H lubricants (releasing agents)
H3 lubricants (soluble oil)
Others

On the basis of base oil, food grade greases can be segmented by:

Mineral oil
Synthetic oil
Polyalphaolephins (PAO)
Polyalkyl Glycols (PAG)
Easters and silicones
Bio-based oil

On the basis of end use, food grade greases can be segmented into:

Food industry
Sugar
Dairy
Bakery
Meat processing
Fruit and vegetable processing
Others
Beverages industry
Pharmaceuticals industry
Cosmetics industry
Others
Packaging and logistics
Equipment manufacturing

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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

Pillow Cases Market 2021 Industry Research, Segmentation, Key Players Analysis and Forecast to 2030

Pillow cases are used to protect pillows from stains and dust mites. Normally, a part of the bed sheet set, pillowcases are designed as decorative and functional covering. Growing awareness among consumers has changed the buying patterns for pillow cases. This is influencing manufacturers to introduce personalized products based on consumers’ needs.

For instance, manufacturers are formulating soft and breathable pillow cases which offer a peaceful sleep.Growing fabric technology and usage of more organic fabrics, and brighter colors in the production of pillow cases are enhancing market growth.

Pillow cases also go along with the consumer’s changing home decor trends and thus have increased their buying frequency. Such trends are boosting the pillow cases market which is projected to expand at a robust growth in the approaching years.

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Pillow Cases Market – Key Trends

Market players are launching pillow cases with innovative fabrics addressing issues such as improper sleep, harshness against the skin, and badly pilled. For instance, LL Bean’s Pima Cotton Perscale Pillowcases are soft, durable, and comfortable.

Woven from 100% Pima cotton, it can be machine washed with no wrinkling and shrinkage. Additionally, growing product visibility across multi –retail outlets is underpinning the market growth.

Players are focusing on the functional benefits of pillow cases prepared from plant-based materials for instance bamboo, and organic cotton, to provide breathability and better moisture absorption as compared to conventional cotton. For instance, Organic Comfort offers pillowcases manufactured from no synthetic content.

The company offers several benefits such as smooth, soft, silky sateen weave texture, not paper-thin, and are perfect for all seasons.

Silk pillow cases are gaining popularity among consumers due to their hypoallergenic features and it doesn’t draw moisture from the skin. Believed to have slowdown skin aging which is providing another leg for market growth.

Pillow Cases Market – Growth Restraints

Higher cost related to raw materials used in the production of the pillow cases is hampering the sales of pillow cases amid the middle-class population.

While silk pillowcases take beauty sleep to the next level, one of its downside is it is required to be washed by hand to keep them intact. Moreover, silk pillow cases are expensive that can impede market growth.

COVID-19 Impact on Pillow Cases Market

The COVID-19 outbreak has hugely impacted pillow cases market due to supply chain disruption all over nations. This has compelled pillow cases players to change round their business strategies to transform their brand identities.

Increasing sales of pillow cases via e-commerce platforms is one of the factors that upholds the growth of the pillow cases market as consumers are increasingly avoiding in-store purchases.

Pillow Cases Market – Region-wise Analysis

North America will be accounting for the highest market share owing to established retail networks and growing consumer preference for superior quality and luxurious bedding products to accolade the interiors.

As per the consumer trends in the U.S., about 80% of consumers favor cotton & cotton blend materials, trailed by 3% selecting satin fabric.

Growing consumer awareness concerning good night’s sleep and proper bedding materials is also anticipated to boost sales of pillow cases in the region.

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Pillow Cases Market – Competitive Analysis

Major Companies operating in the worldwide market include LL bean, Fishers Finery, Pinzon, Parachute Percale, and Amazon Basics. Players in the pillow cases market are enhancing their business footprint by introducing innovative products. For instance,

Brooklinen launched Luxe Pillowcases, made from 100% long-staple cotton to offer a luxurious sheen and super-soft feel. The pillowcase set has undergone strict OEKO-TEX testing and is manifested to be free of toxic chemicals.

Bedsure is offering satin pillowcase made from 100% polyester satin. It can be machine wash and comes with 14 chic colors and 3 sizes comprising rich jewel tones.

FeelAtHome offers bamboo pillow cases available in 4 sizes that stop allergens and dust mites. The hypoallergenic pillow cases are machine washable as well as free of crinkling plastic sounds which may keep an individual awake.

Global Pillow Cases Market: Key Players (this is an indicative list – full list of key players available upon request)

MyPillow
Wendre
Pacific Brands
Pacific Coast
Romatex
Tempur Sealy
Fuanna
Luolai
Mendale
Dohia
Elegant Comfort
Shuixing
Yueda Home Textile
Mellanni Fine Linens

Regions and Countries Analyzed in the Report

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

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.

Pillow Cases Market – Market Segmentation

By Product Type

Cotton Type
Rayon Type
Silk Type
Others

By Application

Residential
Hotel
Hospital
Nursing Home
School
Other

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Prescription Delivery Services Market Industry Growth, Business Prospects & Future Scope 2030 : FMI

Timely drug delivery is the cornerstone of an effective healthcare infrastructure. Rising prevalence of chronic and infectious ailments have accelerated production of prescription drugs, prompting vendors to develop effective distribution networks.

Advancements in consumer touch points and supply chains, including e-commerce, convenience stores and retail stores have greatly altered the prescription delivery services landscape. Advancements such as drone-based delivery and tracker based prescriptions are helping usher in smooth customer experience.

Furthermore, advanced prescription delivery systems have not only assisted in providing round-the-clock customer services but also helped manage dosage, therapy adherence and provide feedback to clinicians.

Prescription Delivery Services Market- Key Takeaways

Diabetic prescription drugs to hold major sway, poised to capture 36.7% market share by 2030
Ease of access to drugs addressing chronic conditions is slated to drive retail pharmacy growth to greater heights
North America to expand stupendously at a CAGR of 18.4% from 2020-2030, attributed to the presence of multiple convenience and pharmacy stores
Global prescription delivery services market to reach US$ 434.3 Mn by 2030-end

“Adoption of self-checkout kiosks and medicine dispensing machines shall enhance medicine purchasing experience of customers, permitting vendors to experience greater customer loyalty,” concludes the FMI analyst.

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COVID-19 Impact Insights

The COVID-19 pandemic has generated fertile ground for the prescription delivery services market. The imposition of nationwide lockdowns to enforce social distancing have reduced footfalls across conventional pharmacies. This has compelled patients to rely on online retail platforms to avail their medicines.

Furthermore, heightened vulnerability of geriatrics suffering from co-morbidities to the coronavirus has necessitated stockpiling of essential medicines, thus keeping the need for prescription delivery services afloat throughout the pandemic’s duration. This panic buying behaviour shall usher in an 80% y-o-y growth.

Growth is especially anticipated to be robust across the U.S, China and India, countries with the highest rates of infections. Collectively accounting for 40% of the global infection rate, these countries have witnessed an unprecedented increase in hoarding prescription medicines by individual households. This shall continue until the latter-half of 2021.

Prescription Delivery Services Market Industry Growth, Business Prospects & Future Scope 2030 1 — **Prescription Delivery Services Market**

Market Witnessing Entry of e-Commerce Players

The Prescription Delivery Service Market is witnessing entry of e-Commerce, pharmacy and retail chains, albeit at a local or regional level. Technological developments, new product launches and collaborations characterize some critical expansion strategies of market players.

Some of the key players in the Prescription Delivery Service Market are: Walgreens Co., Walmart Stores Inc., CVS Health, Giant Eagle Inc., Express Scripts Holding Company, Ali Health and Kroger Co. to name a few.

Besides these established players, several startup companies are also emerging as potential game changers in the industry. These include NetMeds, Kfyao, Capsule, Myra Medicines, NURX, MedAvail, Zipdrug, Insightfil and ScriptDrop to name a few.

Walgreens, a prominent retail pharmaceutical distributor, has a robust presence in the global prescription delivery services market. The company offers refills, auto refills, drug information and home delivery services.

In 2017, the company acquired Rite Aid for a sum of US$ 5.2 billion, resulting in the merger of two of the United States’ three largest pharmacy chains.

More Insights on the Prescription Delivery Services Market

A recent market study published by Future Market Insights on the Prescription Delivery Services Market includes global industry analysis for 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. The report has been segmented on the basis of disease indication (therapeutic drugs (diabetes, hypertension & cholesterol disorders), wellness supplements, OTC drugs and diagnostic drugs) and distribution channel (pharmacy stores, healthcare institutions, clinics and research institutions) across seven geographies (North America, Latin America, Europe, South Asia, East Asia, Oceania and MEA).

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Key Questions Answered in the Report

How has the Prescription Delivery Services Market fared in the past five years?

The global prescription delivery services market was valued at US$ 29.2 Mn in 2015 and acquired a value of US$ 50 Bn in 2019. This upsurge was largely a product of deepening penetration of e-commerce platforms and smart devices in retail stores to cater to the rapidly increasing demand for prescription medicines for various ailments.

What will be the likely growth scenario for the prescription delivery services market in the forthcoming forecast period?

According to FMI, the prescription delivery services market represents an incremental $ opportunity worth US$ 354 Mn between 2020 and 2030, and an absolute opportunity of US$ 18.4 Mn. A prolific 18.4% CAGR is predicted for the 2020-2030 forecast decade.

What drivers underpin market expansion for the upcoming decade?

Rising incidence of chronic and infectious diseases in the wake of rising life expectancies is pushing consumers to stockpile on essential drugs as they are inexpensive.

Moreover, the market is still in the growth stage, allowing the entry of startups and new entrants who are looking to flood the landscape with technologically advanced delivery mechanisms.

Identify possible impediments or hindrances to the predicted trajectory.

Logistical challenges in terms of distribution of the final drug to appropriate end-users due to the highly diffused nature of distribution networks is proving a major deterrent to growth. This is primarily due to difficulties in co-ordination of transportation and delivery.

Will the COVID-19 pandemic alter the said predictions?

Yes. The COVID-19 pandemic is expected to have an impact on the prescription delivery services market. As lockdown restrictions tighten, patients are opting to make their purchases via e-commerce portals to avail their supply of drugs, helping sustain market demand.

Global Fluoropolymers in Healthcare Market will rise at 4.7% CAGR through 2030 | Future Market Insights

The recent trend of patient-centric approach in healthcare industry has more to do with packaging compared to products. As per a latest report by Future Market Insights (FMI), the adoption of fluoropolymers in healthcare industry, globally, will rise at 4.7% CAGR through 2030.Compared to other sectors, pharmaceutical firms are highly propelled by imperative to develop innovative products, and as such, to invest considerably in R&D activities, given growing focus on specialty drugs to diversify product portfolio.

With the launch of new products, such as gene therapy, biologics, and therapy with various profile of value and volumes, manufacturers and distributors of fluoropolymers must look at existing systems and devise ways to step up these systems for bigger margins.

Fluoropolymers in Healthcare Market Size Study

Polytetrafluoroethylene (PTFE) to remain preferred fluoropolymers in healthcare
Adoption in hospital disposables will remain prominent through 2030
Medical devices including, introducers, and catheters, will see greater adoption in coming years
East Asia continues to offer opportunities of growth and development over following decade, given surging per capital healthcare expenditure
Market players to focus on expanding their portfolio to reach larger consumer base

“The COVID-19 pandemic has significantly changed the way consumers and businesses perceive packaging health and safety, with battle against single-use plastic placed on hold to address these evolving expectations. Despite being familiarized with negative impacts of plastic on surroundings, consumers are concerned about risks of contagion associated with reusable packaging. These uncertainties regarding about how the virus spread has put sustainability to back seat,” says analyst at FMI.

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COVID-19 Impact on Fluoropolymers in Healthcare Market

Growth of global fluoropolymers in healthcare market is linearly dependent on pharmaceutical industry. The pharmaceutical industry is at forefront of the fight against COVID-19 pandemic and has been responding to the global issue by ensuring availability of medicines despite supply chain disturbances.

While the industry has been jolted due to pandemic-induced restrictions, growth will resume with gradual easing of these restrictions. Collaboration with worldwide government and non-government agencies are stepping up to handle pandemic preparedness and react via knowledge sharing and pooled resources.

As these dynamics of pharmaceutical industry is transformed by COVID-19 pandemic, pharma packaging and labeling will also undergo tectonic shifts. In addition, the pandemic will trigger growth of antiviral/antimicrobial packaging. Such trends will drive adoption of fluoropolymers in healthcare market in coming years.

Fluoropolymers in Healthcare Market – Competitive Intelligence

The global fluoropolymers in healthcare market is fairly consolidated, given limited number of players competing with each other. Globally, market players are investing in capacity expansions to diversify their product portfolio and maintain their market competitiveness. For instance,

Dongyue Group is expanding production capacity of concentrated emulsion PTFE and dispersion resin at its Zibo unit in China in order to satiate rising demand for PTFE from North America, Europe, Southeast Asia, and South America.
Gujarat Fluorochemicals Limited (GFL) has scaled up its fluorochemicals capacity from to 46,800 tons per annum (TPA) at its Gujarat facility in a bid to keep pace with increasing demand for fluoropolymers across Asia Pacific (APAC).

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Want to Know More About Fluoropolymers in Healthcare Market?

Future Market Insights, in its new study, provides compelling insights about the fluoropolymers in healthcare market that encloses industry analysis for 2015 – 2019 and opportunity assessment for 2020 – 2030. The report offers unbiased assessment on fluoropolymers in healthcare market through three different categories – product type, application, and region. The global fluoropolymers in healthcare market research study delivers insights of pricing by different life cycle analysis, product life cycle, major market trends and technologies that are being utilized in the development of fluoropolymers in healthcare and product adoption in various end-user industries.

Explore Wide-ranging Coverage of FMI’s Healthcare Market Insights Landscape

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