Global Chicken Meat Market is expected to expand with a nominal CAGR of 0.96% during 2021-2027

According to Renub Research report titled, “Global Chicken Market, Size, Share, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis” The Worldwide Chicken Market Size was USD 196.02 Billion. The chicken market has increased, consolidation, and globalized in multiple countries of all income levels, mainly owing to strong demand. The major producers are likely to achieve significant advances, with the United States, Brazil, and China leading the way. Globally, the chicken industry is most dynamic and adaptable in the worldwide livestock market. Furthermore, the chicken, which was formerly considered a unique treat, is today the most devoured animal on the planet. The chicken meat industry plays a vital role in nutrition and is the fastest-growing agricultural sub-sector, particularly in emerging countries.

Global Chicken Market to Reach USD 207.67 Billion by 2027

The Chicken Market will grow at a nominal growth rate:

The chicken industry is one of the most competitive markets in the world, and it is presently mature. Besides, consumer awareness of animal-rich protein has increased significantly in the last few years. Moreover, chicken meat is becoming increasingly popular among people in both developed and developing countries, and it is expected that this trend will continue in the future years. As a result, the market has been growing nominally with considerable growth rates over the last few years, anticipating to increase significantly in the forecast period, i.e., 2021-2027. Furthermore, many companies are generating clean meat in laboratories employing cell technology, which avoids the use of animal slaughter. As per our analysis, during 2021-2027, the Global Chicken Market market is predicted to grow at a CAGR of 0.96%.

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China, the United States, and Brazil are the Largest Producers of Chicken:

Over the period of time, global chicken production has seen upsurge records in various countries such as European Union, Russia, China, Brazil, India, Argentina, Turkey, Columbia, Mexico, Thailand, and the United States. As per our report, the United States, Brazil, China are the leading chicken producers worldwide. Several companies and manufacturers worldwide have taken steps to introduce cell-based chicken meat, which is gaining popularity in the market. For instance, as published on March 1, 2021, in CNBC, Eat Just, a multibillion-dollar company, is selling lab-grown chicken worldwide. Aside from that, the nutritional benefits of chicken meat products are well-known around the world.

China, Thailand, and the European Union have Significant Consumption Markets:

In our report, we have analyzed the consumption market of chicken in Brazil, China, the European Union, India, Russia, Mexico, Thailand, Argentina, Columbia, Turkey, and the United States. Remarkably, the United States, China, and Brazil are the leading chicken-consuming countries in the world. Moreover, we have accessed that China had the most impressive consumption growth rate in terms of poultry consumption per capita among the leading consumer countries. In contrast, other global leaders’ poultry consumption per capita grew considerably slower.

Importing and Exporting Countries of the Chicken:

We have covered Mexico, Japan, China, European Union, Saudi Arabia, United Arab Emirates, South Africa, Iraq, the Philippines, and United Kingdom. As per our analysis, Japan, Mexico, and United Kingdom are the major importing countries. Further based on our report, we have analyzed the export market of the European Union, Brazil, Ukraine, Thailand, China, Turkey, Belarus, Argentina, Russia, and the United States. Remarkably, Brazil, the United States, and European Union are the leading exporters.

Key Players

Our report includes JBS S.A., Tyson Foods, Pilgrim’s Pride Corporation, Danish Crown Group, Vion Food Group, WH group, Hormel Foods Corporation, Muyuan Foods, among the key market players. Further, our analysis includes a business overview, sales analysis, and recent development of the companies.

COVID-19 Impact on the Global Chicken Industry

During the pandemic, chicken sales in the first few months were regularly declining as rumors spread that COVID-19 could be transmitted through meat consumption. However, as per our analysis, the chicken market will rebound in the forecast period, i.e., 2021-2027. Production and transportation disruptions, dwindling consumer demand, and fluctuating markets wreaked havoc on farm finances, forcing many to close permanently. The distribution of chicken and poultry products was hampered by market risks such as value chain fragmentation, high intermediation costs, and no or limited traceability. Hence, the global chicken market saw a negative impact during the pandemic.

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Market Summary:

  • Production: We have covered chicken production in China, Brazil, European Union, Russia, India, Mexico, Thailand, Argentina, Turkey, Columbia, United States.
  • Consumption: Our report includes China, Brazil, the European Union, Russia, Mexico, South Africa, Japan, Argentina, the United Kingdom, Thailand, and the United States as consuming countries of the global chicken market.
  • Import: In our report, we have covered Japan, Mexico, China, European Union, United Arab Emirates, Saudi Arabia, Iraq, South Africa, the Philippines, and United Kingdom as importing countries.
  • Export: We have covered chicken export in Brazil, European Union, Thailand, Ukraine, China, Turkey, Belarus, Russia, Argentina, and the United States.
  • Key Players: Our report includes companies like JBS S.A., Tyson Foods, Pilgrim’s Pride Corporation, Danish Crown Group, Vion Food Group, Hormel Foods Corporation, WH group Muyuan Foods as key market players in the global chicken industry.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

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Automotive Air Suspension Growth rate will be CAGR 8.67% during 2020 – 2027

According to the report by Renub Research, titled “Automotive Air Suspension Market, Global Forecast, Impact of Coronavirus, Industry Trends, Growth, Opportunity, Company Analysis” the Global Automotive Air Suspension Market is projected to reach US$ 9.13 Billion by 2027. Suspensions play a pivotal role in-vehicle comfort and handling. An automotive air suspension system is a vehicle suspension powered by an electric pump or compressor that pumps air into flexible bellows typically made out of a textile-reinforced kind of rubber. It is used in vehicles to provide support to drivers while driving. The automotive air suspension decreases noise and vibration and increases the capacity to transport loads by leveling the suspension.

Automotive Air Suspension Market to grow at 8.67% CAGR from 2021 2027


Factors Driving Automotive Air Suspension Industry

Notwithstanding, the rise in global commercial vehicle sales and demand for premium and luxury vehicles make the automotive air suspension industry grow. Further, the improvement in demand for lightweight air suspension systems and rising aftermarket demand for air suspension and related components is to create numerous opportunities for the growth and expansion of the air suspension market.


Electronic Suspension are Technologically Superior to Conventional Air Suspensions

On the basis of technology, automotive air suspension includes Electronic and Non- Electronic. The electronically controlled air suspension system is essentially a computer-controlled system that can adjust the ride characteristics and performance of the vehicle. Unlike conventional air suspensions, an electronic suspension modifies the shocks and struts electronically to ensure a smooth ride.

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Furthermore, automotive air suspension has a higher installation in cars and heavy vehicles like buses, trucks, and Light Commercial Vehicles. Many luxury passenger cars are being released with electronically controlled air suspension, such as Mercedes S-Class, Audi A8, Land Rover Discovery, Porsche Cayenne, and Volkswagen Touareg, are some of many models.


Air Springs has advantages over Conventional Coil Sprig

The air suspension system consists of different components, such as Air Spring, Shock Absorber, Air Compressor, Electronic Control Unit (ECU), Tank, Solenoid Valve, Height & Pressure Sensor, Others. Air suspension helps improve the vehicle’s driving comfort with increased stability and reduced fuel consumption. Air Springs have more capacities than conventional coil springs. Vehicles maintain constant levels with air suspension, regardless of the amount of load applied to them. Besides, the ECU comprises a memory, microprocessor, input conditioners, and output drivers. ECU is a vital component of an electronically controlled air automotive suspension system that offers better vibration absorption and enhanced performance.


Automotive Air Suspension rate is high in Asia-Pacific

In the Asia Pacific, automotive air suspension systems are witnessing a tremendous upsurge owing to gaining consciousness regarding vehicle safety and increasing sales of luxury vehicles. These systems play an essential role in maintaining vehicle tires in contact with the road. South Korea, China, and Japan are the leading vehicle-producing countries in the region. The growth of China’s automotive air suspension industry is primarily associated with higher vehicle production and foreign direct investments (FDIs) in alliances and joint ventures between international OEMs and Chinese partners.


Although, Europe is to lead the automotive air suspension market due to its tremendous adoption rate of air suspension across all vehicle types. Light-duty vehicles such as Audi, Mercedes-Benz, BMW, Porsche, and Land Rover offer ECAS technology in select models to improve benefits such as height-raising and lowering options. Remarkably, technology-driven suppliers such as ThyssenKrupp, Continental, and SAF-Holland are continually making efforts to introduce the latest technology in the domain of air suspension for light and heavy-duty vehicles in this region.


COVID-19 Scenario on Automotive Air Suspension Market

The COVID-19 crisis has compelled all automotive-related companies to put their workforces on clasp during the lockdowns. The impact is visible on the auto industry as many companies suffered disturbances with their production activities and supply chain. Manufacturing activities have been suspended due to a shortage of disrupted supply chain, raw materials and lockdown inflicted by the government. Research and development projects have been resumed due to a shortage of access to resources, and manufacturers have delayed new product launches.


Key Players Operating in the Automotive Air Suspension Market

Some influential organizations present in the automotive air suspension market include BWI Group, Continental AG, Hitachi Ltd., ThyssenKrupp AG, Mando Corporation and WABCO [Acquired by ZF Friedrichshafen AG]. For instance, in 2020, ZF Friedrichshafen AG successfully acquired commercial vehicle technology supplier WABCO, getting approval from all required regulatory authorities.

Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/automotive-air-suspension-market-p.php


Market Summary:

  • Technology – We have covered Automotive Air Suspension Market breakup by 2 viewpoints by technology (Electronic & Non- Electronic)
  • Application – This report covered the Application in the 4 segments (Cars, Trucks, Buses, and Light Commercial Vehicles)
  • Component – Renub Research Report covered by Component in the 8 viewpoints (Air Spring, Shock Absorber, Air Compressor, Electronic Control Unit (ECU), Tank, Solenoid Valve, Height & Pressure Sensor, Others)
  • Regions – Our Report covered the Automotive Air Suspension Market breakup by 4 Regions (North America, Europe, Asia Pacific, and Rest of World)
  • All the major players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) BWI Group, Continental AG, Hitachi Ltd., Mando Corporation, ThyssenKrupp AG and WABCO [Acquired by ZF Friedrichshafen AG]

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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United States Real Estate Market will be US$ 1,751 Billion by 2027

Renub Reserch latest report, titled United States Real Estate Market by Segments (Private, Public) Construction, Category (Residential & Non- Residential), Company Analysis, Forecast” the United States Real Estate Market is expected to reach US$ 1,751 Billion by 2027. Globally the real estate sector is the most recognized industry. In the United States, the real estate industry has been a big business generating billions of dollars in revenue annually. There are ample openings for entrepreneurs to turn a profit. Hence, Real estate plays an essential role in the U.S. economy. Moreover, real estate accounts for a significant portion of all economic activity at the aggregate level, and changes in the real estate market also have broader effects on the economy.

United States Housing Market will grow with a CAGR of 5.45% from 2020 to2027

The American real estate sector has witnessed high growth with a rise in demand for office and residential spaces. The government of America and the governments of respective states has taken several initiatives to encourage development in the sector. Besides, the growth of the real estate sector in the United States is well complemented by the positive change in the corporate environment and the demand for office space and urban and semi-urban accommodations.


Additionally, the real estate construction sector will bene?t from renovating and upgrading the existing stock, including redevelopment, additions, renovations, and retro?ts. Also, the real estate development engine in the U.S. has impressive additional fuel to burn due to the awaited positive growth in the aggregate of households. Further, the newest development will likely occur in the more prospering cities, drawing residents from declining areas and rendering the housing in those areas obsolete.


By Segment – United States Real Estates Market revolves around Private Construction and Public Construction. Further, Private Construction and Public Construction comprises lodging, office, commercial, health care, educational, religious, public safety, amusement and recreation, transportation, communication, sewage and waste disposal, water supply, manufacturing, power, highway and street, conservation and development for buying, selling, and renting leasing of property, and condominiums.


Impact of COVID-19 on United States Housing Industry

The outburst and rapid spread of COVID-19 in early 2020 and stretching through October 2020 and assuredly beyond was one of the most severe collapses that the vast preponderance of the globe will eternally live through. Similar to other catastrophes or world wars, the novel coronavirus affected and continues to affect virtually every individual in every country in the world. So far in 2020, the United States real estate has been broadly negatively affected by COVID-19. Properties with a general application component like offices, retail, apartments, hotels, sports and entertainment venues have been singled out as latent spreading locations for the novel coronavirus.


United States Real Estate Market Size was USD 1,208 Billion in 2020

Currently, as evidenced by housing market conditions, despite increased housing insecurity caused by the pandemic, many housing market indicators have thus far remained strong in the nation. Contributing to rising prices and increased sales in housing inventory, the supply of homes for sale/on the market has decreased. Moreover, housing inventory was low even before the pandemic. However, it is possible that the pandemic exacerbated the shortage by causing people to put off selling their homes, in which case supply would be expected to increase somewhat in 2021.


Notwithstanding, the pandemic built a frenzied real estate market in maximum parts of the United States that have to let up, with demand for housing still outpacing the abundance of homes coming on the market, giving sellers a heavy upper hand in most of the country. But as per our estimates, the market cooled off a bit in July 2021, reasonably indicating that the wild price hike of the past year will have panicked off some buyers who favour waiting until things calm down to stay put or to continue renting.


United States Housing Industry Players Analysis

Some of the leading real estate companies running in the United States are Jones Lang Lasalle Incorporated, Hathaway home services, Cbre Group Inc., Brookfield properties LLC, Berkshire Cushman & Wakefield Holdings Inc.

As per our analysis, the upcoming year promises to bring evolution to the real estates’ industry in every region of the United States. For instance, Northern Arizona University plans for large construction projects that include STEM disciplines and the Biological Sciences Building renovation. The Southwest Florida International Airport is planning a huge amount of USD 250 Million terminal expansion, and residents in the city of Shoreline will see a USD 64.3 Million roadway reconstruction project introduced in 2022 and many more cities.

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Market Summary:

Segment – We have covered Private Construction and Public Construction of the United States Real Estates Market.

Private Construction – This report studies Private Construction Market which has further been divided into two categories Residential and Non-Residential. Non-Residential Category is more on divided into fourteen sub-categories namely Lodging,Office, Commercial, Health Care, Educational, Religious, Public Safety, Amusement & Recreation, Transportation, Communication, Power, Sewage & Waste Disposal, Water Supply and Manufacturing

Public Construction –  This report covers the Public Construction Market, divided into two categories: Residential and Non-Residential. Non-Residential Category is further divided into 12 Sub-Categories namely Office, Commercial, Health Care, Educational, Public Safety, Amusement & Recreation, Transportation, Power, Highway & Street, Sewage & Waste Disposal, Water Supply and Conservation & Development

Key Players – We have studied the company by overviews, recent developments and revenue of following companies Jones Lang Lasalle Incorporated, Cbre Group Inc., Brookfield properties LLC, Berkshire Hathaway home services, Cushman & Wakefield Holdings Inc.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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Global Refrigerated Transport Market will be US$ 25.43 Billion by 2027

Refrigerated transport is a method for shipping temperature-sensitive products in a temperature-controlled environment. The vehicle conveying the products has a built-in refrigeration system, a Transport Refrigeration Unit (TRU), and an insulated body that keeps the food at a set temperature. The set temperatures range from fresh vegetables to +8°C to ice cream at -25°C and range in size from panel vans to 44-tonne trailers. Globally, there are millions of refrigerated vehicles operating. As per Renub Research latest report, the Global Refrigerated Transport Market will be US$ 25.43 Billion by the end of 2027.

global refrigerated transport market by renub research

In addition, today, refrigerated vehicles are prevalent, mainly powered by diesel. The more petite vehicles (vans and smaller rigid trucks) employ power from the vehicle engine to run the refrigeration system. However, the larger vehicles (larger rigid lorries and articulated trucks pulling a trailer) use an auxiliary motor, typically diesel, with much less strict emissions standards than diesel engines used for vehicle propulsion.


Moreover, refrigeration transportation being one of the most challenging refrigeration applications, require components capable of addressing a range of critical parameters, such as

  • wide-ranging and wavering temperatures necessitating excellent response and control.
  • harsh environments demanding corrosion resistance,
  • constant shocks and vibrations requiring high stability and reliability.
  • space constraints required compact components, and fuel efficiency required lightweight component materials.


Most Widely Used Method Is the Vapor Compression System:

The most common refrigeration system in practice for refrigerated food transport applications now is the vapour compression system. Mechanical cooling with the vapour compression cycle grants a wide range of options for compressor drive methods. The preference may be based on duty demanded, weight, noise specifications, maintenance provisions, installation expense, environmental tolerances and fuel assessment—the performance and power necessities of these arrangements typically imposed at full load. In existence, however, transport refrigeration arrangements operate over a wide range of freight. The refrigeration system may rearranged on and off or capacity modulated to match the load to maintain the set temperature and reduce inefficiency.


Multi-Temperature Refrigerated Trailers:

The industry best practices include a detailed and clearly defined written procedure created by the shipper, outlining the parameters and proper temperature management of multi-temperature trailers. Additionally, while it is generally acceptable to transport chilled and frozen products in the same multi-temperature trailer to meet the environmental conditions, it is not advisable to transport the same multi-temperature trailer’s ambient (dry) and refrigerated (chilled or frozen) products. Furthermore, it is recommended that hazardous cargo (i.e. chemicals and cleaning supplies) never ship with edible animal and human food in the same trailer.


Road Transport best mode of transport existing in Global Refrigerated Transport Market:

Road transport refrigeration tools are expected to operate probably in more rigid environments than stationary refrigeration equipment. Due to the voluminous range of operating conditions and constraints imposed by available space and weight, transport refrigeration equipment has lower efficiencies than static systems. This, united with the quickly increasing use of refrigerated transport arising from the much more comprehensive range of transported goods, home delivery and greater quality expectations, is placing considerable pressures on the food industry to reduce the energy consumption of refrigerated transport.


Wide Applications of Refrigerated Transportation:

The fish, meat, and seafood segment have wide applications of refrigerated transportation. The advancing technological developments in the processing, packaging and storage of seafood and the rise in fish production boost the refrigerated carrier’s market. However, processed food is expected to be the fastest-growing application segment due to continued packaging materials innovations. Improvements in packaging supplies increase the shelf life of foods has further increased the trading of processed foods for years.


In addition, high product demand in pharmaceuticals is associated with its influence in sustaining the efficiency and fastener of pharmaceuticals. The cold chain in the pharmaceutical market is constrained by strict regulatory measures, such as Goods Distribution Practices (GDP) in the European Union (EU). Further, these regulations are shifting governments worldwide toward standardizing rules globally for better transportation systems for healthcare-related products.


Furthermore, transforming food habits and escalating disposable income levels are triggering the product demand from the bakery and confectionary segments. Shippers collaborate with third-party logistics to cater to the rising demand and assure that goods are conveyed in optimal provisions on a proper schedule.


Regional Players of Global Refrigerated Transport Market:

The North American region has significant growth opportunities as the companies plan to invest in refrigerated transportation for the long yards. Increasing perception of connected devices and a large consumer base are also expected to fuel market growth in the region. In addition, Asia Pacific is anticipated to be the fastest-growing regional market over the forecasted span owing to progressing government investments for logistics support improvement and diffusion of Warehouse Management Systems (WMS).


China is the principal contributor to the APAC regional market. The market extension in China is accredited to factors such as technological advancements in packaging, processing, and storage of seafood products. Expanding demand and growing cold chain infrastructure development has made China a top market for cold chains. Currently, China is experiencing a rapid shift from development & manufacturing-led conservation to a consumer-led economy. Rising discoveries in the pharmaceutical sector in China are also necessitated to boost the market for cold chain solutions. Another significant factor encouraging the market comprises the rapid augmentation of biopharma in the region. Moreover, the global refrigerated transport market was US$ 16.91 Billion in 2020 and will grow at a CAGR of 6.00% during 2020-2027.


The Key Performers in the Global Refrigerated Transport Market:

As per our study, the prominent market players have been examined. Some key players are General Mills, Conagra Brands, Kraft Heinz, Associated British Foods plc and Knight-Swift Transportation. These players functioning in the market have initiated several approaches related to the market.


COVID-19 influence on the Global Refrigerated Transport Market:

The COVID-19 pandemic has a meaningful consequence on the refrigerated transport industry. The demand for Refrigerated Transport is experiencing austere wrecks across diverse end-use markets. Global supply strings are disturbed, and the competing rank of operators or producers has testified to a development. The scarcity of demand has fast-tracked the international chilled and frozen food division into an oversupply state. Transportation restraints appear to be a direct and immediate influence, and once the significant social distancing ends, everything would get back to normal status.

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Market Summary:

Type – We have covered the Global Refrigerated Transport Market through Chilled and Frozen.

Mode of Transport – This report covers the Road Transport, Sea Transport and Air Transport as modes of transporting the market.

Region – This report studies Global Refrigerated Transport Market of North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.

End Users – We have covered Fruits & Vegetable, Fruit Pulp & Concentrates, Dairy Products, Fish, Meat and Seafood, Processed Food, Pharmaceuticals, Bakery & Confectionary and Others as end users market analysis.

Company – We have studied the company by Company Overview, Recent Development and Revenue of following companies General Mills, Conagra Brands, Kraft Heinz, Associated British Foods plc, Knight-Swift Transportation.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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Global Paper Packaging Market will be US$ 427.0 Billion by 2027

Globally, paper packaging is a versatile and cost-efficient method to protect, preserve, and transport a wide range of products. In addition, paper packaging can be customized to meet the customers’ needs or product-specific needs. The attributes, like lightweight, biodegradability, and recyclability, are the added advantages of paper packaging. Further, making paper packaging an essential component for packaging. Moreover, single-use plastic is increasingly being replaced by paper-based packaging due to its sustainable nature. According to Renub Research analysis, by the end of the year 2027, Global Paper Packaging Market is expected to be US$ 427.0 Billion.

n addition, the rising demand from various end-use industries is an essential application for the Global Paper Packaging and Paperboard Packaging Market. The industries such as food, beverages, healthcare, personal care and home care include the end-users market segment. Further, environmental issues like landfills and the rising demand for eco-friendly packaging are other significant factors impelling the growth of the global paper packaging market. Also, stringent regulations against plastic-based packaging products are being brought in globally on account of their non-biodegradability.


Paper Packaging market worldwide will grow at healthy CAGR of 5.91%

Remarkably, food products & beverages are increasingly being packaged in paper-based packaging wraps due to their outstanding printability and non-reactive and low price. Thus, there are abundant growth opportunities for the market. However, some restraints like the intense competition among the paper packaging manufacturers and the competition from the available substitutes also prevail in the market, which may adversely impact the growth of the Global Paper Packaging Market.


By Product Type, Paper packaging usually is attained in liquid packaging cartons, cartons or folding boxes, corrugated cases or wrapping paper for an immediate or implied association, i.e., primary, secondary or tertiary packaging in the industry. They are additionally obtainable in an extensive range of shapes, sizes, and colours to meet their customer’s requirements.


Notwithstanding, the expansion of the e-commerce industry also aids in the growth of the paper packaging sector. Recently, E-commerce companies are often using cardboard packaging for secondary and tertiary packaging purposes because it is lightweight and low cost. Further, this also opens up new growth opportunities in the global Paper Packaging Market. In addition, numerous opportunities also lie in the growing packaged food industry expected to augment the market in the forthcoming years. However, the market for Paper Packaging global valued at US$ 286 Billion in 2020.


As per our analysis, we expect the rising sales for paper packaging to continue. However, we also believe that the industry will be facing transformation following customer demand for sustainability and the growth of emerging markets during the forecasted period. Such a boom will primarily affect flexible materials and cardboard boxes. One of the goals for the attainment of cardboard is a large number of returns for online orders occurring globally.


Asia Pacific’s will drive the market by Regions

Based on Geography, the Global Paper Packaging Market is analyzed into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific market is forecasted to expand rapidly due to the increasing population, surging middle-class income, expansion of retail networks, and poised growth of numerous end-use applications. Europe is also anticipated to advance considerably due to increasing sustainability awareness and the restricted use of single-use plastics.


The paper packaging market is fragmented by multiple players like West Rock Inc., International Paper Company Inc., Packaging Corporation of America, Amcor Limited and Mondi Group. The companies keep on innovating and entering into strategic partnerships to retain their market share.

Alliances, Collaborations, and Contracts

In September 2020, Mondi PLC partnered with BIOhofKirchweidach, an organic farm in Bavaria, to devise a sustainable packaging resolution for 500g packets of tomatoes on the vine to be given PENNY stores, which sizeable German retailer REWE Group owns. The project aims to substitute the present packaging, which contained 2.5 g of plastic coating in each pack, with a plastic-free and recyclable option.


COVID 19 Impacts on Paper Packaging Industry

Worldwide, COVID-19 pandemic outbreak has impacted many industries across all sectors. Restrictions, the lockdown has impacted much on every sector and the paper packaging industry. The paper packaging industry has much impacted the supply side due to lockdown and unavailability of transportations facilities. As per our analysis, we have seen recovery of this industry post-COVID-19 and will grow rapidly during the forecast period.

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Market Summary:

Product Type- We have covered the Global Paper Packaging Market constitutingLiquid Packaging Carton, Corrugated Cases, Carton & Folding Boxes, and others.

End Users – This report covers the Food, Beverage, Healthcare, Personal & Home Care and Others as end users in the market.

Region – This report studies Global Paper Packaging Market of North America, Europe, Asia Pacific, and the Rest of the world.

Company – We have studied the company by Company Overview, Recent Development and Revenue of following companies West Rock Inc., International Paper Company Inc., Packaging Corporation of America, Amcor Limited and Mondi Group.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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Global Water Soluble Polymer Industry will grow with a CAGR of 5.16% during (2020-2027)

Water-soluble polymers are materials that maintain the ability to be solvent in water. It substances that disperse, dissolve, or swell in water and, thus, modify the physical properties of aqueous methods in the form of thickening, gelation, or emulsification/stabilization. Water-soluble polymers cover many highly varied families of natural or synthetic origin products and have numerous uses.


Global Water Soluble Polymer Market will be US$ 45.86 Billion by 2027

The water-soluble polymers industry includes various types Polyacrylamide & Copolymers, Polyvinyl Alcohol, Guar Gum & Derivatives, Gelatin, Casein, Polyacrylic Acid and Others. The polyacrylamide & copolymers segment is growing consistently. The primary reasons for this growth are its characteristics like good thermal stability, non-toxic nature, high miscibility and good solubility. Besides, Guar gum, which is primarily used in paper pulp hydration with much potential, is expected to grow globally. It will significantly grow in developing economies due to its low price and easy availability.


Factors Driving Water Soluble Polymers Industry

In addition, an increase in demand for water-soluble polymers in water treatment plants across the globe majorly drives the water-soluble polymer market. Enhanced oil recovery of crude oil has gained massive adoption in the petroleum industry, increasing the demand for water-soluble polymers. Rising consumption owing to superior properties, including mild odour, quick-drying, inflammable, and eco-friendly, will propel industry growth.


Global Water Soluble Polymer Industry will grow with a CAGR of 5.16% during (2020-2027)

Besides, natural or synthetic origin material has been widely used in many applications like detergents & households, water treatment, paper making, petroleum, and others. The water treatment industry is the primary user of water-soluble polymers due to vast potable water requirements worldwide. Natural polymeric flocculants have been used in water purification processes for many decades as coagulant aids or floc builders, after the addition of inorganic coagulants like alum, iron salts or lime. Further, the household & detergent products use water-soluble polymer as an anti-redeposition agent and consider these products’ demand globally.


Global Water Soluble Polymer Market Size was US$ 32.25 Billion in 2020

Growing water and wastewater treatment, shale gas development in the North America region, expanded use of nutraceutical commodities in the United States on account of rising health awareness, and booming food & beverages sector in the various areas of the country are set to increase the demand for water-soluble polymers and their end-use products in the United States. Furthermore, Europe is likely to show substantial growth due to the rapid consumption of water-soluble polymers in personal care, detergents, and the oil & gas sector in the U.K., Germany, and Spain.


COVID-19 Impact on Water-Soluble Polymer Industry

The global impacts of the COVID-19s are already there, significantly affecting the Water Soluble Polymer market in the year 2020. This pandemic impacted the different end-user industries growth rate and supply chain, poignant government rules and regulations on polymer usage will prevent the growth of the water-soluble polymer market. However, future looks bright and we expect good growth in future.


Key Players Analysis

The global water-soluble polymer industry is fragmented in nature, with several players accounting for a less share in the market. Some of the market’s main players studied include Arkema SA, Ashland Global Holdings, DuPont, LG Chem’s, Basf Se, and Kuraray.


Renub Research latest report “Global Water Soluble Polymer Market By Type (Polyacrylamide & Copolymers, Polyvinyl Alcohol, Guar Gum & Derivatives, Gelatin, Casein, Polyacrylic Acid and Others), Application (Detergents & Households, Water Treatment, Paper Making, Petroleum, and Others), Material (Natural, Synthetic and Mixed), Region ( North America, Europe, Asia- Pacific and Rest of World), Company Analysis (Arkema SA, Ashland Global Holdings, DuPont, LG Chem’s, Basf Se, and Kuraray)” provides complete details on Global Water Soluble Polymer Industry.

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Type – Global Water Soluble Polymer Market has covered from 7 viewpoints:

1.    Polyacrylamide & Copolymers
2.    Polyvinyl Alcohol
3.    Guar Gum & Derivatives
4.    Gelatin
5.    Casein
6.    Polyacrylic Acid
7.    Others


Application Channel – Global Water Soluble Polymer Market has covered from 5 viewpoints:

1.    Water Treatment
2.    Detergents & Households
3.    Paper Making
4.    Petroleum
5.    Others


Material – Global Water Soluble Polymer Market has covered from 3 viewpoints:

1.    Synthetic
2.    Natural
3.    Mixed


Region – Global Water Soluble Polymer Market has covered from 4 viewpoints:

1.    North America
2.    Europe
3.    Asia Pacific
4.    Rest of World


All key players have been covered from 3 viewpoints

• Overview
• Recent Developments
• Financial Insights


Company Analysis

1.    Arkema SA
2.    Ashland Global Holdings
3.    DuPont, LG Chem’s
4.    Basf Se
5.    Kuraray

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Webhttps://www.renub.com

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Global Refrigerated Transport Market will be US$ 25.43 Billion by 2027

Refrigerated transport is a method for shipping temperature-sensitive products in a temperature-controlled environment. The vehicle conveying the products has a built-in refrigeration system, a Transport Refrigeration Unit (TRU), and an insulated body that keeps the food at a set temperature. The set temperatures range from fresh vegetables to +8°C to ice cream at -25°C and range in size from panel vans to 44-tonne trailers. Globally, there are millions of refrigerated vehicles operating. As per Renub Research latest report, the Global Refrigerated Transport Market will be US$ 25.43 Billion by the end of 2027.


In addition, today, refrigerated vehicles are prevalent, mainly powered by diesel. The more petite vehicles (vans and smaller rigid trucks) employ power from the vehicle engine to run the refrigeration system. However, the larger vehicles (larger rigid lorries and articulated trucks pulling a trailer) use an auxiliary motor, typically diesel, with much less strict emissions standards than diesel engines used for vehicle propulsion.


Moreover, refrigeration transportation being one of the most challenging refrigeration applications, require components capable of addressing a range of critical parameters, such as

  • wide-ranging and wavering temperatures necessitating excellent response and control.
  • harsh environments demanding corrosion resistance,
  • constant shocks and vibrations requiring high stability and reliability.
  • space constraints required compact components, and fuel efficiency required lightweight component materials.


Most Widely Used Method Is the Vapor Compression System:

The most common refrigeration system in practice for refrigerated food transport applications now is the vapour compression system. Mechanical cooling with the vapour compression cycle grants a wide range of options for compressor drive methods. The preference may be based on duty demanded, weight, noise specifications, maintenance provisions, installation expense, environmental tolerances and fuel assessment—the performance and power necessities of these arrangements typically imposed at full load. In existence, however, transport refrigeration arrangements operate over a wide range of freight. The refrigeration system may rearranged on and off or capacity modulated to match the load to maintain the set temperature and reduce inefficiency.


Multi-Temperature Refrigerated Trailers:

The industry best practices include a detailed and clearly defined written procedure created by the shipper, outlining the parameters and proper temperature management of multi-temperature trailers. Additionally, while it is generally acceptable to transport chilled and frozen products in the same multi-temperature trailer to meet the environmental conditions, it is not advisable to transport the same multi-temperature trailer’s ambient (dry) and refrigerated (chilled or frozen) products. Furthermore, it is recommended that hazardous cargo (i.e. chemicals and cleaning supplies) never ship with edible animal and human food in the same trailer.


Road Transport best mode of transport existing in Global Refrigerated Transport Market:

Road transport refrigeration tools are expected to operate probably in more rigid environments than stationary refrigeration equipment. Due to the voluminous range of operating conditions and constraints imposed by available space and weight, transport refrigeration equipment has lower efficiencies than static systems. This, united with the quickly increasing use of refrigerated transport arising from the much more comprehensive range of transported goods, home delivery and greater quality expectations, is placing considerable pressures on the food industry to reduce the energy consumption of refrigerated transport.


Wide Applications of Refrigerated Transportation:

The fish, meat, and seafood segment have wide applications of refrigerated transportation. The advancing technological developments in the processing, packaging and storage of seafood and the rise in fish production boost the refrigerated carrier’s market. However, processed food is expected to be the fastest-growing application segment due to continued packaging materials innovations. Improvements in packaging supplies increase the shelf life of foods has further increased the trading of processed foods for years.


In addition, high product demand in pharmaceuticals is associated with its influence in sustaining the efficiency and fastener of pharmaceuticals. The cold chain in the pharmaceutical market is constrained by strict regulatory measures, such as Goods Distribution Practices (GDP) in the European Union (EU). Further, these regulations are shifting governments worldwide toward standardizing rules globally for better transportation systems for healthcare-related products.


Furthermore, transforming food habits and escalating disposable income levels are triggering the product demand from the bakery and confectionary segments. Shippers collaborate with third-party logistics to cater to the rising demand and assure that goods are conveyed in optimal provisions on a proper schedule.


Regional Players of Global Refrigerated Transport Market:

The North American region has significant growth opportunities as the companies plan to invest in refrigerated transportation for the long yards. Increasing perception of connected devices and a large consumer base are also expected to fuel market growth in the region. In addition, Asia Pacific is anticipated to be the fastest-growing regional market over the forecasted span owing to progressing government investments for logistics support improvement and diffusion of Warehouse Management Systems (WMS).


China is the principal contributor to the APAC regional market. The market extension in China is accredited to factors such as technological advancements in packaging, processing, and storage of seafood products. Expanding demand and growing cold chain infrastructure development has made China a top market for cold chains. Currently, China is experiencing a rapid shift from development & manufacturing-led conservation to a consumer-led economy. Rising discoveries in the pharmaceutical sector in China are also necessitated to boost the market for cold chain solutions. Another significant factor encouraging the market comprises the rapid augmentation of biopharma in the region. Moreover, the global refrigerated transport market was US$ 16.91 Billion in 2020 and will grow at a CAGR of 6.00% during 2020-2027.


The Key Performers in the Global Refrigerated Transport Market:

As per our study, the prominent market players have been examined. Some key players are General Mills, Conagra Brands, Kraft Heinz, Associated British Foods plc and Knight-Swift Transportation. These players functioning in the market have initiated several approaches related to the market.


COVID-19 influence on the Global Refrigerated Transport Market:

The COVID-19 pandemic has a meaningful consequence on the refrigerated transport industry. The demand for Refrigerated Transport is experiencing austere wrecks across diverse end-use markets. Global supply strings are disturbed, and the competing rank of operators or producers has testified to a development. The scarcity of demand has fast-tracked the international chilled and frozen food division into an oversupply state. Transportation restraints appear to be a direct and immediate influence, and once the significant social distancing ends, everything would get back to normal status.


Market Summary:

Type – We have covered the Global Refrigerated Transport Market through Chilled and Frozen.

Mode of Transport – This report covers the Road Transport, Sea Transport and Air Transport as modes of transporting the market.

Region – This report studies Global Refrigerated Transport Market of North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.

End Users – We have covered Fruits & Vegetable, Fruit Pulp & Concentrates, Dairy Products, Fish, Meat and Seafood, Processed Food, Pharmaceuticals, Bakery & Confectionary and Others as end users market analysis.

Company – We have studied the company by Company Overview, Recent Development and Revenue of following companies General Mills, Conagra Brands, Kraft Heinz, Associated British Foods plc, Knight-Swift Transportation.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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Europe Automobile Market Size is expected to grow with a CAGR of 3.38% from 2020 to 2030

The European automotive industry has been booming and has become a global leader and driver of Europe’s growth and prosperity. In recent years, the European automobile sector has ascended to the top of the worldwide industry. Moreover, the European automotive industry has achieved record sales and is a significant employer and a source of considerable grant making in European society. According to Renub Research, European Automotive Vehicle Market is expected to reach 21.59 Million Units by 2030.

Europe Automotive Vehicle Market Forecast 2021-2030

Notwithstanding, the automotive industry has brought Europe freedom and access from mobility while making it increasingly time-efficient, safer, and more affordable. The automotive sector also contributes to environmental welfare. At the same time, the industry is thriving in keeping the disturbing impact on the environment of the steep hike in numbers of cars on the road in check, mainly through effective emission reductions. Also, the automotive sector seems to be a strong industry with attractive job opportunities and a growth engine of Europe’s economy. Hence, the industry is economically robust but with a clear gap to highly profitable sectors.

Mild Hybrid Vehicle is expected to provide Significant Growth over the Next Decade in European Automobile Industry

Furthermore, the European automotive industry is uniquely situated to become a centre for developing, testing, and eventually adopting new mobility technologies. By Category, the European automobile industry’s principal categories include Electric Vehicle (EV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Mild Hybrid Vehicle (MHEV), Natural Gas Vehicle (NGV), Fuel Cell Electric Vehicle (FCEV), Diesel Vehicle and Petrol Vehicle. The MHEV market is dominant, increasing, and expected to provide significant growth over the next decade. In Europe, PHEVs are expected to almost completely replace pure internal combustion engine (ICE) vehicles in the future. Moreover, MHEVs will play a significant role in a balanced powertrain portfolio for the next decade.

Europe Automobile Market Size is expected to grow with a CAGR of 3.38% from 2020 to 2030

Remarkably, the regions and players in the conventional automotive set are also obtaining momentum, and a growing wave of technological megatrends is redefining versatility. Even the core competencies for future prosperity are changing rapidly. In the coming years, European automotive players will require to develop these competencies and manage an employment transition to sustain their position at the vanguard of the industry.

In addition, the Europe automobile sector is expected to stay ahead in the changing competitive landscape, and therefore leaders will need to make some complex decisions. Above all, a shared vision concerning the European automotive sector’s positioning is necessary as well. The automotive passenger vehicles as a cornerstone for individual mobility and the commercial, automotive vehicle as the backbone of the European economy contribute tremendously to society, environment, economic welfare, and growth in Europe.

Coronavirus devastating effect on European Automotive Vehicle Industry

European car markets are gracing to deceive as sales promotions look good but only when contrasted with 2020, smashed by the shock of coronavirus shutdowns and short-term economic disaster. Our analysis expects a solid recovery as the year progresses and coronavirus vaccinations become ubiquitous. At the same time, apprehensions about the impact of the coming wave of Covid infections and a chip shortage remain in the background until the world is ultimately set free from the virus.

Europe Automotive Market was 15.49 Million Units in 2020

As per our analysis, over the following years and decades, the automotive industry will undergo a disruptive transformation towards a mobility industry. Many forces within and from outside the industry will try to transform the sector. The automotive ecosystem will open up, new players will enter, and industry boundaries will become fluid or disappear. In other words, we are going to see a global industry reshuffle.

The Europe Automotive Vehicles Market is consolidated with several international players. The major players are Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company and Honda Motor Company. These players make joint ventures, partnerships and launch new products with advanced technology to dominate their competitors. For instance, in 2020, Toyota launched KINTO, a single brand for mobility services in Europe. Similarly, in 2021, Ford announced a new strategy to go all-electric in Europe by 2030.

Renub Research latest report titled “Europe Automotive Vehicle Market, By Category (EV Volume, HEV Volume, PHEV Volume, MHEV Volume, NGV Volume, FCEV Volume, Diesel Volume and Petrol Volume), Company (Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company and Honda Motor Company)” provides a detailed analysis of Europe Automotive Vehicle Market

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By Category – Europe Automotive Volume have been covered from 8 viewpoints:

1.    Electric Vehicle (EV)

2.    Hybrid Electric Vehicle (HEV)

3.    Plug-in Hybrid Electric Vehicle (PHEV)

4.    Mild Hybrid Electric Vehicle (MHEV)

5.    Natural Gas Vehicle (NGV)

6.    Fuel Cell Electric Vehicle (FCEV)

7.    Diesel Vehicle

8.    Petrol Vehicle

Company Insights:

•    Overview

•    Recent Development & Strategies

•    Financial Insights

Company Analysis:

1.    Volkswagen

2.    Toyota Motor Corporation 

3.    Daimler AG 

4.    Ford Motor Company

5.    Honda Motor Company

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, 

Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra- competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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Global Fuel Cell Vehicle Industry is expected to grow with a massive CAGR of 44.32% from 2020 – 2030.

A fuel cell is an electrochemical reactor that converts the chemical energy and an oxidant directly to electricity. In recent years, the word fuel cell has been used almost solely to describe a reactor using hydrogen as the chief energy source. Hydrogen has a protracted history of being employed as fuel for versatility. More than 200 years ago, hydrogen was adopted in the first internal combustion engines by igniting the hydrogen itself, like burning gasoline today. Though, this did not prove to be quite successful due to safety affairs and low energy density. Preferably, hydrogen is an energy carrier in a modern fuel cell by reacting with oxygen to form electricity.

fuel cell vehicle market 2020 – 2030

Moreover, fuel cell vehicles have become more lucrative in recent years due to higher performance, reduced refuelling time, and long-range offered by the systems. Also, the exhaust in terms of water, a deterioration in emissions dimension, and superior power and torque output play a significant role in adopting fuel cell technologies for automobiles. In addition, the rising environmental issues, such as climate change and low air quality, are due to substantial growth in the regional transportation sector. High fossil fuel consumption has generated the need for clean energy sources, thereby boosting the market’s growth over the forecast period. According to Renub Research, the Global Fuel Cell Vehicle Market awaits to reach 980.00 Thousand Units by 2030.

Impact of COVID-19 on Global Fuel Cell Vehicle Market:

The production & sales of innovative vehicles had come to a standstill across the globe as the entire ecosystem had been obstructed in the initial outbreak of COVID 19. Fuel Cell Vehicles had to pause until lockdowns were lifted to continue blooming, which influenced their businesses. Consequently, vehicle manufacturers had to modify the production volume. Moreover, the automotive industry is highly capital-intensive and relies on frequent financing to continue operations. Thus, during the initial months of the outbreak, the production suspension and lower demand had an unprecedented impact on Fuel Cell Vehicles manufacturers and automotive fuel cell producers.

For example, according to the Times of India, Honda Motor Company’s sales declined by more than 15% throughout the third quarter of 2020, while operating profit plunged by around 13% overall during the whole year. Toyota Motor Corporation’s sales went down by 50% in the first quarter of 2020. However, demand for Fuel Cell Vehicles recovered at a fast rate after the initial months of 2020. Hence, the sales also increased along with the demand for zero-emission vehicles during the latter months of 2020. Our research suggests that the Worldwide Hydrogen Fuel Cell Vehicle Market was 25.00 Thousand Units in 2020.

The technology used for Global Fuel Cells Vehicles

Globally, fuel cell vehicles are typically categorized by the technology used. Prominent technologies of fuel cells include Polymer Exchange Membrane Fuel Cells (PEMFC), Solid Oxide Fuel Cells (SOFC), Direct Methanol Fuel Cells (DMFC), Phosphoric Acid Fuel Cells (PAFC) and Molten Carbonate Fuel Cells (MCFC). Of these, PEMFC is the common commercialized type today due to its low operating temperature (50-100°C), compact start time, and its oxidant (atmospheric air) ease of use. These characteristics make PEMFC ideal for mobility solutions. They are part of the reason for the rapid development of FCEVs starting from the 1990s. As per our analysis, the Global Fuel Cell Vehicle Industry is expected to grow with a massive CAGR of 44.32% from 2020 – 2030.

Regional Analysis of Fuel Cell Vehicle Industry

The global fuel cell vehicle market report revolves around crucial regions, including Europe, North America, Asia Pacific, Middle East and Africa and Latin America. In North America, the United States has a massive number of hydrogen fuel stations provisioning to the market. Both US and Canada have been supporting the market for low emission vehicles. Fuel cell vehicles are in tremendous demand in some states like California in the US and British Columbia in Canada. Also, Asia-Pacific is a fast-growing market for hydrogen fuel stations. China, South Korea and Japan are currently leading the fuel cell vehicle market in Asia-Pacific. China is converging more on buses and trucks for FCEV’s.

In the upcoming years, nations such as China, Japan, and South Korea are expected to pivot in advancing fuel cell electric vehicle technology. Large corporations such as Toyota are trying to become the leader in fuel cell technology. As with most technologies, fuel cell technology’s initial development and deployment phases heavily depend on government policies and incentives. To various extents and for multiple reasons, governments of China, the United States, European nations and Japan have encouraged the development of the fuel cell industry. The countries invest heavily in core technology research and establish subsidy policies and medium/long-term strategic plans.

Policy Overview across Major Markets:

In Europe Hydrogen Roadmap Europe: a transition to one-third ultra-low carbon hydrogen production by 2030 has been devised.
Similarly, in Japan policy for the full-fledged manufacturing operation, transportation and storage of zero-carbon emission hydrogen by 2040 have been planned.
In addition, in the United States, the California Fuel Cell Partnership has also outlined targets for 1,000,000 FCEVs by 2030.

The Global Fuel Cell Market is dominated by established players such as Toyota Motor Corporation, Volkswagen, Daimler AG, Honda Motor Company, and Ford Motor Company. These companies contribute extensive products and solutions for the fuel cell vehicle industry, have strong global distribution networks, and invest heavily in R&D to develop new products.

Recent Developments in Fuel Cell Car Companies:

In March 2021, Toyota Corporation revealed a new hydrogen production facility and refuelling station at its decommissioned car factory in Melbourne, Australia, before its second-generation fuel-cell car, the Mirai FCEV. The facility includes a 200-kilowatt electrolyzer powered by an on-site 84-kilowatt solar array and a 100-kilowatt battery.
In March 2021, Toyota Motor Corporation and Beijing SinoHytec proclaimed a joint venture to produce hydrogen fuel cell vehicles concerning the Chinese market. As per the joint statement, the two companies are foreseen to invest USD 72 million into Huafeng Fuel Cell Co. Ltd. The company’s first car will be modelled after Toyota’s hydrogen fuel cell vehicle MIRAI and is slated to begin production in 2023.

Renub Research latest report “Global Fuel Cell Vehicle Market, Global Forecast By Technology (Polymer Exchange Membrane Fuel Cells (PEMFC), Solid Oxide Fuel Cells (SOFC), Direct Methanol Fuel Cells (DMFC), Phosphoric Acid Fuel Cells (PAFC) and Molten Carbonate Fuel Cells (MCFC), Region (North America, Europe, Asia Pacific, Middle East and Africa and Latin America), Companies (Volkswagen, Daimler AG, Toyota Motor Corporation, Honda Motor Company, and Ford Motor Company)” provides a detailed analysis of Global Fuel Cell Vehicle Industry.

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=fuel-cell-vehicle-market-p.php

Technology – Fuel Cell Electric Vehicle has been covered from 5 viewpoints:

  1. Polymer Exchange Membrane Fuel Cells (PEMFC)
  2. Solid Oxide Fuel Cells (SOFC)
  3. Direct Methanol Fuel Cells (DMFC)
  4. Phosphoric Acid Fuel Cells (PAFC)
  5. Molten Carbonate Fuel Cells (MCFC)

Region – Fuel Cell Electric Vehicle has been covered from 5 viewpoints:

  1. North America
  2. Europe
  3. Asia Pacific
  4. Middle East and Africa
  5. Latin America

Company Insights:

• Overview
• Recent Development & Strategies
• Financial Insights

Company Analysis

  1. Volkswagen
  2. Toyota Motor Corporation
  3. Daimler AG
  4. Ford Motor Company
  5. Honda Motor Company

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:
Renub Research

Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

Artificial Intelligence Market will be US$ 284.40 Billion by 2026

Today, artificial intelligence platform has become a way for computer systems to perform tasks like human intelligence including decision-making and speech recognition. Globally, problem-solving, social intelligence and general intelligence is being achieved with the help of the artificial intelligence platform. Moreover, rising high-level computer languages is helping various industries to work efficiently on the artificial intelligence platform. According to the Renub Research, Global Artificial Intelligence Market will be US$ 284.40 Billion by 2026.

Artificial Intelligence Market, By Solution, Companies, Forecast

By Solution

Artificial Intelligence Market revolves around hardware, software and services. In recent years, artificial intelligence services are at the forefront of all innovations and will continue to remain so during the forecast years. Artificial intelligence services cover installation, integration, maintenance & support projects. With the escalating abundance of enterprises and competition, companies have rigorously integrated artificial intelligence (AI) technology into their services. For instance, the BFSI industry has increasingly adopted artificial intelligence services to enhance operational efficiency and enable a rich consumer experience.

Besides, software solutions promise advancements in information storage capacity, high computing power, and parallel processing capabilities to achieve high-end artificial intelligence software in dynamic end-use verticals. Notwithstanding, artificial intelligence software solutions include libraries for designing and deploying artificial intelligence applications, such as linear algebra, primitives, inference, video analytics, sparse matrices, and multiple hardware communication capabilities. As per our analysis, Global Artificial Intelligence Industry is anticipated to expand at a tremendous CAGR of 29.44% during the forecast period 2020-2026.

By Chip Type

Artificial intelligence includes chipsets such as Graphics Processing Unit (GPU), Application-Specific Integrated Circuit (ASIC), Field-Programmable Gate Array (FPGA) and Central Processing Unit (CPU). An application-specific integrated circuit (ASIC) dominates the artificial intelligence chip segment, specially built for a specific application or purpose. It is specifically designed for a particular application compared to a logic device or a standard logic integrated circuit. It has also been made smaller, and it uses less electricity.

The artificial intelligence market inculcates machine learning, natural language processing, image processing, and speech recognition by technology. Machine learning covers notable investments in artificial intelligence. It covers both artificial intelligence platforms and cognitive applications, including tagging, clustering, categorization, hypothesis generation, alerting, filtering, navigation, visualization, facilitating advisory, intelligent, and cognitively equipped solutions. As per our estimation, Worldwide Artificial Intelligence Market Size was US$ 60.46 Billion in 2020.

Geographic Analysis of Artificial Intelligence Trends

The worldwide artificial intelligence market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa. North America is a significant contributor owing to rising government initiatives and investments in the market. Further, in the Asia Pacific, China demonstrates increasing investments in artificial intelligence technology to provide robust results. Likewise, India can gain traction due to the government’s pilot project to implement artificial intelligence in the agriculture and healthcare industries. The rest of Asia Pacific countries like Bangladesh, Vietnam, and Indonesia are also expected to grow at a good pace.

Company Analysis

Globally, artificial intelligence vendors have implemented various types of organic and inorganic growth strategies, such as new product launches, product upgrades, alliances and affiliations, mergers and acquisitions to strengthen their offerings in the market. The major companies in the global Artificial Intelligence market include Google Inc., IBM Corp., Microsoft Corporation, Baidu Inc., Xilinx, Inc., Cisco Systems, Inc., Nvidia Corporation and Intel Corporation.

COVID-19 Analysis

Although the novel coronavirus outbreak pandemic has caused a massive impact on businesses and humankind. Still, the pandemic has emerged as an opportunity for Artificial Intelligence Market to fight against the epidemic. Numerous tech giants and start-ups are operating on barring mitigating and containing the virus. Furthermore, the COVID-19 outbreak is foreseen to spur the market germination of next-generation tech domains, including artificial intelligence, owing to the mandated work-from-home (WFH) policy due to this pandemic.

Also, tech companies are extending their product offerings and assistance to broaden availability across the globe. For instance, in April 2020, Google LLC launched an AI-enabled chatbot called Rapid Response Virtual Agent concerning call centres. This chatbot is created to respond to concerns customers might be experiencing due to the COVID-19 outbreak over voice, chat, and other social channels.

Renub Research latest report “Artificial Intelligence Market, Global Forecast By Solution (Hardware, Software and Services), Technology (Machine Learning, Image Processing, Natural Language Processing and Speech Recognition), Chip Type (Graphics Processing Unit (GPU), Application Specific Integrated Circuit (ASIC), Field-Programmable Gate Array (FPGA), Central Processing Unit (CPU), Others), Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Companies (Google Inc., IBM Corp., Microsoft Corporation, Baidu Inc., Xilinx, Inc., Cisco Systems, Inc., Nvidia Corporation and Intel Corporation)” provides a detailed analysis of Global Artificial Intelligence Industry.

Request a Free Sample Copy of the Report:https://www.renub.com/request-sample-page.php?gturl=artificial-intelligence-market-p.php

Solution – Global Artificial Intelligence Market has been covered from 3 viewpoints:

  1. Hardware
  2. Software
  3. Services

Technology – Global Artificial Intelligence Market has been covered from 4 viewpoints:

  1. Machine Learning
  2. Natural Language Processing
  3. Image Processing
  4. Speech Recognition

Chip Type – Global Artificial Intelligence Market has been covered from 5 viewpoints:

  1. Graphics Processing Unit (GPU)
  2. Application-Specific Integrated Circuit (ASIC)
  3. Field-Programmable Gate Array (FPGA)
  4. Central Processing Unit (CPU)
  5. Others

Region – Global Artificial Intelligence Market has been covered from 5 viewpoints:

  1. North America
  2. Europe
  3. Asia-Pacific
  4. Latin America
  5. Middle East and Africa

Company Insights:

• Overview
• Recent Development & Strategies
• Financial Insight

Company Analysis

  1. Google Inc.
  2. IBM Corp.
  3. Microsoft Corporation
  4. Baidu Inc.
  5. Xilinx, Inc.
  6. Cisco Systems, Inc.
  7. Nvidia Corporation
  8. Intel Corporation

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