Market Overview

The Germany truck mounted knuckle boom loader crane market is rapidly growing due to the significant demand from construction sector and high mobility offered to mining industry. Further, the increasing automation in cranes and growing demand for rare earth elements is likely to present a growth opportunity for the players in the market.
Knuckle boom cranes are an incredible feat of engineering. The knuckle boom crane, also known as a loader crane, articulating crane, or picker crane, has revolutionized the way people load and offload in a range of sectors. The knuckle boom crane resembles the standard straight boom crane in appearance, but it has two booms: a primary boom and an outer boom. The loader crane operator has additional possibilities with these two booms because they have a knuckle between them.
The knuckle boom loader crane is unrivalled when it comes to loading and unloading large items and machines in tight places. In Europe, where truck size restrictions are tougher and highways are narrower, this type of crane has proven to be extremely effective. Cranes of this sort have been used extensively in the transportation, construction, forestry, mining, marine, and petroleum industries. They may be compact and easier to use in tight locations, but that does not negate their effectiveness, as they can lift cargo up to and exceeding 60 tonnes. A winch can be added to the knuckle-boom for even more lifting options.
The growth of the Germany truck-mounted knuckle boom loader crane market is expected to be driven by key factors such as a rise in significant demand from the construction sector and high mobility offered to the mining industry. However, high operation and maintenance costs are expected to restrict the market growth. On the other hand, increasing automation in cranes and growing demand for rare earth elements pose lucrative opportunities for the Germany truck-mounted knuckle boom loader crane market.

Market Segmentation

The Germany truck mounted knuckle boom loader crane market has been segmented based on product, end-user, and sales channel. Based on product, the Germany truck mounted knuckle boom loader crane market has been segmented into small duty, medium duty, and heavy duty. The medium duty segment is expected to grow at 6.3% during the forecast period.
Based on end-users, the Germany truck mounted knuckle boom loader crane market has been segmented into construction & infrastructure, utilities, oil & gas, mining, forestry, logistics, and others.
Based on sales channel, the Germany truck mounted knuckle boom loader crane market has been segmented into OEM and aftermarket.

Major Players

Hiab, Fassi Gru S.P.A., HMF Group A/S, PALFINGER AG, Tadano Ltd., World Power Erkin Company Limited, MKG Maschinen- & Kranvertrieb Gmbh, Hyva, Sany Group.

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY
1.1.1 GERMANY TRUCK MOUNTED KNUCKLE BOOM LOADER CRANE MARKET, BY PRODUCT
1.1.2 GERMANY TRUCK MOUNTED KNUCKLE BOOM LOADER CRANE MARKET, BY END-USERS
1.1.3 GERMANY TRUCK MOUNTED KNUCKLE BOOM LOADER CRANE MARKET, BY SALES CHANNEL
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 SIGNIFICANT DEMAND FROM THE CONSTRUCTION SECTOR
4.2.2 HIGH MOBILITY OFFERED TO THE MINING INDUSTRY
4.3 RESTRAINTS
4.3.1 HIGH OPERATION AND MAINTENANCE COSTS
4.4 OPPORTUNITIES
4.4.1 INCREASING AUTOMATION IN CRANES AND GROWING DEMAND FOR RARE EARTH ELEMENTS
4.5 IMPACT ANALYSIS OF COVID-19
4.5.1 IMPACT ON OVERALL CONSTRUCTION MARKET
4.5.1.1 ECONOMIC IMPACT
4.5.2 IMPACT ON TRUCK-MOUNTED KNUCKLE BOOM LOADER CRANE MARKET
4.5.3 IMPACT ON SUPPLY CHAIN OF TRUCK-MOUNTED KNUCKLE BOOM LOADER CRANE
4.5.3.1 PRICE VARIATION OF KEY RAW MATERIALS
4.5.3.2 PRODUCTION SHUTDOWN
4.5.3.3 CASH FLOW CONSTRAINTS
4.5.3.4 IMPACT ON IMPORT/EXPORT
4.5.4 IMPACT ON MARKET DEMAND OF TRUCK-MOUNTED KNUCKLE BOOM LOADER CRANE
4.5.4.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN
4.5.4.2 CONSUMER SENTIMENTS
4.5.5 IMPACT ON PRICING OF TRUCK-MOUNTED KNUCKLE BOOM LOADER CRANE
5 MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES MODEL
5.1.1 THREAT OF NEW ENTRANTS
5.1.2 BARGAINING POWER OF SUPPLIERS
5.1.3 THREAT OF SUBSTITUTES
5.1.4 BARGAINING POWER OF BUYERS
5.1.5 INTENSITY OF RIVALRY
5.2 SUPPLY CHAIN ANALYSIS
5.2.1 RESEARCH & DEVELOPMENT
5.2.2 PROCUREMENT OF RAW MATERIALS
5.2.3 MANUFACTURING & ASSEMBLY
5.2.4 SALES & DISTRIBUTION
5.2.5 END-USER
6 GERMANY TRUCK MOUNTED KNUCKLE BOOM LOADER CRANE MARKET, BY PRODUCT
6.1 OVERVIEW
6.2 SMALL DUTY
6.3 MEDIUM-DUTY
6.4 HEAVY DUTY
7 GERMANY TRUCK MOUNTED KNUCKLE BOOM LOADER CRANE MARKET, BY END-USERS
7.1 OVERVIEW
7.2 CONSTRUCTION & INFRASTRUCTURE
7.3 UTILITIES
7.4 OIL & GAS
7.5 MINING
7.6 LOGISTICS
7.7 FORESTRY
7.8 OTHERS
8 GERMANY TRUCK MOUNTED KNUCKLE BOOM LOADER CRANE MARKET, BY SALES CHANNEL
8.1 OVERVIEW
8.2 OEM
8.3 AFTERMARKET
9 COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPETITIVE BENCHMARKING
9.3 MARKET SHARE ANALYSIS
9.4 KEY DEVELOPMENTS IN THE GLOBAL GERMANY TRUCK MOUNTED KNUCKLE BOOM LOADER CRANE MARKET
9.4.1 PRODUCT LAUNCH
9.4.2 EXPANSION
9.4.3 DEVELOPMENT
9.4.4 AGREEMENT
10 COMPANY PROFILES
10.1 HIAB
10.1.1 COMPANY OVERVIEW
10.1.2 FINANCIAL OVERVIEW
10.1.3 PRODUCTS OFFERED
10.1.4 KEY DEVELOPMENTS
10.1.5 SWOT ANALYSIS
10.1.6 KEY STRATEGIES
10.2 FASSI GRU S.P.A.
10.2.1 COMPANY OVERVIEW
10.2.2 FINANCIAL OVERVIEW
10.2.3 PRODUCTS OFFERED
10.2.4 KEY DEVELOPMENTS
10.2.5 SWOT ANALYSIS
10.2.6 KEY STRATEGIES
10.3 HMF GROUP A/S
10.3.1 COMPANY OVERVIEW
10.3.2 FINANCIAL OVERVIEW
10.3.3 PRODUCTS OFFERED
10.3.4 KEY DEVELOPMENTS
10.3.5 SWOT ANALYSIS
10.3.6 KEY STRATEGIES
10.4 PALFINGER AG
10.4.1 COMPANY OVERVIEW
10.4.2 FINANCIAL OVERVIEW
10.4.3 PRODUCTS OFFERED
10.4.4 KEY DEVELOPMENTS
10.4.5 SWOT ANALYSIS
10.4.6 KEY STRATEGIES
10.5 TADANO LTD.
10.5.1 COMPANY OVERVIEW
10.5.2 FINANCIAL OVERVIEW
10.5.3 PRODUCTS OFFERED
10.5.4 KEY DEVELOPMENTS
10.5.5 SWOT ANALYSIS
10.5.6 KEY STRATEGIES
10.6 WORLD POWER ERKIN COMPANY LIMITED
10.6.1 COMPANY OVERVIEW
10.6.2 FINANCIAL OVERVIEW
10.6.3 PRODUCTS OFFERED
10.6.4 KEY DEVELOPMENTS
10.6.5 SWOT ANALYSIS
10.6.6 KEY STRATEGIES
10.7 MKG MASCHINEN- & KRANVERTRIEB GMBH
10.7.1 COMPANY OVERVIEW
10.7.2 FINANCIAL OVERVIEW
10.7.3 PRODUCTS OFFERED
10.7.4 KEY DEVELOPMENTS
10.7.5 SWOT ANALYSIS
10.7.6 KEY STRATEGIES
10.8 HYVA
10.8.1 COMPANY OVERVIEW
10.8.2 FINANCIAL OVERVIEW
10.8.3 PRODUCTS OFFERED
10.8.4 KEY DEVELOPMENTS
10.8.5 SWOT ANALYSIS
10.8.6 KEY STRATEGIES
10.9 SANY GROUP
10.9.1 COMPANY OVERVIEW
10.9.2 FINANCIAL OVERVIEW
10.9.3 PRODUCTS OFFERED
10.9.4 KEY DEVELOPMENTS
10.9.5 SWOT ANALYSIS
10.9.6 KEY STRATEGIES

The post Germany Truck Mounted Knuckle Boom Loader Crane Market Research Report Forecast to 2027 first appeared on CRI Report.

The impact of COVID-19 pandemic has changed consumer behavior and has encouraged people to take precautionary measures on personal cleanliness. The Indian government has issued several guidelines to educate people about hand hygiene.

The growing awareness regarding hand hygiene has produced numerous growth opportunities for the market players and hand sanitizers have become an essential commodity in every household.

The hand sanitizer market was valued at INR 8.89 Bn in 2020. It is expected to reach INR 17.97 Bn by 2026, expanding at a compound annual growth rate (CAGR) of ~12.94% during the 2021 – 2026 period.

Impact of COVID-19 and the way forward:
The demand for hand sanitizers increased significantly in February 2020, following the outbreak of COVID-19. As a result, the revenue of sanitizer companies, pharmaceutical stores, and supermarkets surged. This led to the emergence of new business opportunities. Firms from different sectors forayed into the hand sanitizer space in India. However, the demand fell as things started to normalize.

Competitive landscape:
There were a few established players such as Reckitt Benckiser, HUL, Himalaya Drug Company, and Godrej Consumer Products Limited (GCPL) at the beginning of 2020. However, several small companies entered the business, in view of the pandemic, to take advantage of the demand. They grabbed more than 65% of the market share as of May 2021.

New entrants, mostly included distilleries had easy access to the extra neutral alcohol (ENA) which are required in manufacturing sanitizers. The government had granted the new market players the production license. In the coming years, high demand is expected from institutional buyers; the large, established players are likely to secure market share.

Related: Hand Sanitizer Market in India 2020

The post Hand Sanitizer Market in India 2021 first appeared on CRI Report.

In the past few years, the payment acceptance infrastructure has improved, propelling market expansion. The introduction of digital payment portals by banks such as Axis Bank Ltd., HDFC Bank Ltd., and ICICI Bank Ltd has aided the development of e-payment solutions. Integration of payment services by telecommunication firms such as Airtel, Google, and MobiKwik for online transactions also helped in the process.

E-payment Solutions Market insights

In FY 2021, the market witnessed 43.71 billion transactions. It is expected to reach 649.70 billion by FY 2027, expanding at a compound annual growth rate (CAGR) of ~59.57% during the FY 2022 – FY 2027 period. The value of e-payment transactions is expected to expand at a CAGR of ~24.64% during the forecast period.

Technological advancements such as internet banking and contactless payments, along with improved internet connectivity, propel e-payment methods. Integration of payment services with popular non-banking mobile applications such as WhatsApp, Apple Pay, Amazon Pay, and Ola Money have made these payment options popular among millennials.

Segment Insights

The market can be segmented on the basis of types of payment methods – Real Time Gross Settlement (RTGS), Retail Electronic Clearing, and Cards. RTGS acquired the highest market share in terms of value throughout FY 2021. In terms of volume, retail electronic clearing held the highest market share, followed by card payments and RTGS.

The total volume of retail electronic clearing expanded at a CAGR of ~49.29% during the FY 2019 – FY 2021 period. Retail electronic clearing comprises different modes of transactions such as  (NEFT), Immediate Payment Service (IMPS), and National Automated Clearing House (NACH). Cards include payment via debit and credit cards.

COVID-19 Impact Analysis

The value of e-payment transactions decreased in 2020 due to reduced business activities and lowered the annual income of people, while the volume increased significantly. In the wake of the pandemic, the National Payments Corporation of India (NPCI) encouraged customers and providers of emergency services to adopt digital payment systems to ensure safety of contactless transactions.

It launched e-RUPI, a one-time contactless, cashless voucher-based mode of payment, which helps users redeem a coupon without a card, digital payments app, or access to internet banking. Digital transactions using UPI increased by 1.8 times of what it was before COVID-19 and is exhibiting steady growth even during Q2 FY 2022.

However, the market witnessed slow growth in terms of value because several major sectors such as cross-border payments, travel, and hospitality/tourism, which operate through e-payments, were affected.

Mobile Wallet Market: Market Segments: By Product (Proximity and Remote); By Mode of Payment (SMS, NFC, WAP, Others); By Application (Retail, Vending Machine, Public Transportation and Restaurants); and Region – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030

The post E-payment Solutions Market in India 2021 first appeared on CRI Report.

Technical advancements such as cost-effective equipment and decrease in prices of components have fueled the growth of the air conditioner (AC) market. High energy consumption and fall in electricity prices are the major challenges. The market was valued at INR 293.37 Bn in FY 2021. It is expected to reach INR 991.57 Bn in FY 2027, expanding at a CAGR of 24.30% during the FY 2022 – FY 2027 period.

Segment insights

The market is categorized into four segments – split-type (wall mounted), window-type, cassette (ceiling-mounted), and tower (floor-mounted) air conditioners. The split-type AC segment was valued at INR 124.24 Bn in FY 2021. It is anticipated to reach INR 473.47 Bn in FY 2027, expanding at a CAGR of ~26.79% during the FY 2022 – FY 2027 period.

Owing to increased income and rapid urbanization, the demand for split ACs has picked up. In FY 2021, the window-type AC segment was valued at INR 112.51 Bn. It is expected to reach INR 142.79 Bn in FY 2027, expanding at a CAGR of ~4.43% during the forecast period. Following the second wave, the preference for window AC increased among the middle class because of its affordability.

In FY 2021, the cassette (ceiling-mounted) AC segment was valued at INR 18.34 Bn. It is estimated to reach INR 154.19 Bn in FY 2027, expanding at a CAGR of ~42.69% during the forecast period. Although these ACs are energy- and space-efficient, they are not ideal for multi-storey households. The tower AC segment held a revenue of INR 38.29 Bn in FY 2021.

It is expected to reach INR 221.12 Bn FY 2027, expanding at a CAGR of 35.38% during the forecast period. The demand for tower ACs from the household sector is limited. They sell in the commercial sector because of their portability and also large area is required for its installation.

Impact of COVID-19

Due to the global outbreak of COVID-19 in 2020 followed by nationwide lockdown, the air conditioner market was highly affected Travel restrictions, workforce shortages, disruptions in world trade, and bottleneck in logistics impacted the supply chains of companies.

Top players such as Voltas, Daikin, Blue Star, Panasonic, and Haier registered a drop of almost 75% in sales volumes between April and May, 2021 collectively.

Almost 70% of sales take place between March and June. This year, sales plummeted because nearly all stores were closed due to lockdowns imposed across states in view of the second wave.

The market gained momentum in October during the festive season because of market players’ collaborations with major online and offline retail partners such as Amazon and Reliance Digital. They helped to attract customers through attractive offers.

Competitive insights

Owing to evolving customer preferences, major players such as Voltas Limited, Havells India Limited, and Blue Star Limited made huge strides in technological advancements. Innovations such as ubiquitous sensor networks and copper condensers with anti-corrosive hydrophilic blue fins will improve the efficiency of ACs.

Spray Drying Equipment Market: By Product Type (Rotary Atomizer, Nozzle Atomizer, Fluidized and Centrifugal); By Stage (Single-Stage, Two-Stage and Multi-Stage); By Flow Type (Co-Current, Counter-Current, and Mixed Flow); By Application (Food & Dairy, Pharmaceuticals & Nutraceuticals, Chemical and Others); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030

The post Air Conditioner Market in India 2021 first appeared on CRI Report.

Impact of COVID-19:
The pandemic has emphasized the importance of e-pharmacies among its stakeholders, including sellers, consumers, medical professionals, and regulators. Consumer behavior has changed drastically during the critical period; the market witnessed rapid adoption among geriatric populations and consumers in non-metro areas. E-pharmacy companies have sharpened their business strategies to seize the growth opportunity. Partnership with hyperlocal stores, adopting a hybrid business model, and strengthening logistics and technology infrastructure are the key strategies implemented by market players.
Companies covered
• Apollo Pharmacies Limited
• Medlife
• MedPlus Health Services Private Limited
• Netmeds Marketplace Limited
• 1mg
• 91Streets Media Technologies Private Limited (PharmEasy)
• Healthkart
• mCHEMIST Global Private Limited
• Medsonway Solutions Pvt Ltd
• Truemeds

The post E-Pharmacy Market in India 2020 first appeared on CRI Report.

Insurance brokers are representatives of clients’ interests in insurance contracts (not insurers), and act as an intermediary between insurers and the insured.
A significant number of brokers have entered the Indian insurance broking industry, since 2003, when the Insurance Regulatory and Development Authority (IRDAI) allowed brokers to act as intermediaries. As of July 2020, 468 insurance brokers have been licensed by the IRDAI. Brokers are the preferred channel of business in India as they account for more than 70% of commercial lines (marine, aviation, construction, engineering, risk, and liability insurance). Further, the dynamic and conducive regulatory landscape in the country is expected to propel industry growth in the coming years. As the Indian insurance market continues to grow organically with increasing population and insurance requirements, there remains a massive opportunity for disruption through technology.
The total premium collected through brokers grew from INR 170 Bn in FY 2014 to INR 372.68 Bn in FY 2019, expanding at a CAGR of 17.00% during the 2014-2019 period

Segment insights:

Non-life insurance accounts for a majority share of the broking business, whereas, life-insurance forms a mere 1% of the total distribution mix. The Indian insurance industry witnessed a growing contribution from the non-life insurance channel between FY 2014 and FY 2019 due to the increased penetration of motor and healthcare businesses in the country.
The large-sized and medium-sized corporates account for ~40%–50% of the customers; SME customers account for ~10%–20% and retail customers’ account for ~30%–40% of the broking business in India.

Impact of COVID-19 and the way forward:

The outbreak of deadly COVID-19 has increased awareness regarding insurance products (mostly health insurance products) among Indians. However, insurance renewals are getting delayed, owing to the lack of funds in the hands of policyholders. Property and casualty business, and fresh savings business have gravely hampered the market of insurance brokers in the country.
Furthermore, with a substantial drop in interest rates, credit spread is rising. Hence, the credit discount rate used for calculating mathematical reserves is expected to decline, putting pressure on premiums. Therefore, the opportunity to reinvest the maturing assets will be challenging for insurance brokers in India.
However, to keep policies in force, regulators can frame automatic renewal with a grace period for the payment of premium. Also, the Indian government can promote policies to ensure steady cash flow and accelerated payments of premium.

Companies covered:

• Aditya Birla Insurance Brokers Limited
• Edelweiss Gallagher Insurance Brokers Limited
• Global Insurance Brokers Private Limited
• Manappuram Insurance Brokers Limited
• Muthoot Risk Insurance and Broking Services Private Limited
• Narnolia Financial Advisors Limited
• Reliance Retail Insurance Broking Limited
• Share India Insurance Brokers Private Limited
• Tata Motors Insurance Broking and Advisory Services Limited
• Marsh India Insurance Brokers Private Limited

The post Insurance Broking Market in India 2020 first appeared on CRI Report.

Companies covered:
• HDFC Life Insurance Company Limited
• Aviva Life Insurance Company India Limited
• Aditya Birla Sun Life Pension Management Limited
• HDFC Pension Management Company Limited
• ICICI Prudential Pension Funds Management Company Limited
• LIC Pension Fund Limited
• Reliance Nippon Life Insurance Company Limited
• SBI Pension Funds Private Limited
• Tata AIA Life Insurance Company Limited
• UTI Retirement Solutions Limited

The post Pension Fund Market in India 2020 first appeared on CRI Report.

India Hair care market has emerged as an integral part of the average beauty regime, of late. Access to international beauty trends led to the rapid evolution of the hair care market in India.

India Hair Care Market

Market insights:
India hair care market was valued at INR 224.76 Bn in 2018 and is expected to reach INR 384.19 Bn by 2024, thus expanding at a compounded annual growth rate (CAGR) of ~9.35% during the forecast period.

Increasing pollution levels have raised problems like hair fall, dandruff and premature greying of hair. Therefore, besides using essential hair care products like shampoo, hair oil and conditioner, people are spending on revitalizing serum, medicinal oil, and other such products to address hair-related problems.

Market segment insights:
Product type-wise segmentation:
Based on product type, the hair care market is segmented into hair oils, shampoo, hair colorants, hair styling products and conditioners. As of 2018, the hair oil products segment held the largest share (42%) in terms revenue, followed by shampoo and hair colorants segments. Hair oil being the most affordable and widely used hair care product in India, comprised the largest market share.

Product benefit-wise segmentation:
Based on the benefits obtained from the hair care products, the market is segmented into hair nourishment/maintenance, hair problem solving and hair styling/conditioning products. In 2018, the product segment offering nourishment/maintenance held the largest share (~47%) in terms of revenue.

This segment is further categorized into products that cover up grey hair, fights hair fall and dandruff, and repair dry and damaged hair. In 2018, the segment of hair care products for covering up grey hair held the largest market share (~42%) in terms of revenue.

Key growth drivers of the market:
• Owing to pollution and increasing amount of work stress, Indians are facing serious hair-related problems. Therefore to nourish their hair, besides using primary hair care products like hair oils, shampoos, and conditioners, consumers are demanding hair care products like hair serums, hair nourishing oils, nourshing shampoo, and hair protectants, which is driving the growth of the market.

• Social media platforms like Facebook and Instagram have exposed Indians to global hair care trends. Influenced by celebrities, people are increasingly investing in hair styling products like hair wax and hair gel, besides coloring, straightening or perming of the hair. This, as a result, is facilitating the growth of the hair care products market in India.

Key deterrents to the growth of the market:
The hair care products market in India consists of players who do not adhere to the quality standards for the products and services they offer. Also, counterfeit hair care products are available at a lower price than the original ones, thereby attracting price-sensitive Indian consumers.

However, fake products fail to live up to the expectations of consumers in terms of quality, hampering their loyalty to the original branded products. Consumer also tend to switch brands if similar products are available at affordable prices.

Allergic reactions to certain chemicals, ineffectiveness of a product and lack of availability are among other reasons that might impel Indians to switch brands. These factors hinder the growth of the market players which poses challenge towards the expansion of the market.

Companies covered:
• Bajaj Consumer Care Limited
• Dabur India Limited
• Emami Limited
• Godrej Consumer Products Limited
• Hindustan Unilever Limited
• Marico Limited
• Procter & Gamble Hygiene and Health care Limited
• CavinKare Private Limited
• L’Oreal India Private Limited
• The Himalaya Drug Company

Hair Care Products Market : Global Analysis by Market size, share & trends for 2020-2021 and forecasts to 2031

Organic Personal Care Products Market: Market Segments: By Product (Skin Care, Hair Care, Oral Care, Cosmetics and Others); By Distribution Channel (Hypermarket/Supermarkets, Specialist Retail Stores, Online Retail Stores and Others); and Region- Global Analysis by Market Size, Share & Trends for 2014- 2019 and Forecasts to 2030

The post Hair Care Products Market in India 2019 first appeared on CRI Report.

Market insights:
Commercial vehicles account for ~4% of India’s total domestic automotive production volume (as of FY 2019). Favorable government policies like the Make in India campaign, the Automotive Mission Plan (AMP) and National Electric Mobility Mission Plan (NEMMP) have enabled the country to develop into one of the most important commercial vehicles manufacturing hubs in the world. In FY 2019, India accounted for the production of 1,112.18 thousand units of commercial vehicles. In the same year, the sales volume of commercial vehicles in India stood at 1,007.32 thousand units. Furthermore, the sale of commercial vehicles in the country is expected to reach a volume of 2,059.95 thousand units by FY 2024, expanding at a compound annual growth rate (CAGR) of ~15.23% during the FY 2020 – FY 2024 period.
Exponential growth in online retailing and logistics services, along with the implementation of Bharat Stage-VI (BS-VI) norms has bolstered the growth in the commercial vehicles market in India. Moreover, the implementation of the revised corporate tax rate (reduced from 35% to 25.17%) has attracted huge FDI from global investors for both manufacturing purposes and research and development (R&D) in the commercial vehicles segment, leading to further expansion of the market. However, surge in the operating costs of running these vehicles, rising customs duty, and lack of demand in the market due to the existing liquidity crisis in the economy are some of the factors impeding the growth of the market.

Market segmentation analysis:
Based on product type, the commercial vehicles market in India can be segmented into light commercial vehicles (LCV), and medium and heavy commercial vehicles (M&HCV). In FY 2019, the light commercial vehicles segment accounted for ~55.65% of the total sales volume of commercial vehicles. Further, during the FY 2020-FY 2024 period, sales volume of LCVs is expected to expand rapidly at a CAGR of ~16.34% compared to that of M&HCVs. On the other hand, by FY 2024, the M&HCVs segment is expected to account for ~41.30% of the total sales volume of commercial vehicles in India. Also, with the implementation of the vehicles electrification policy, the operating cost for running LCVs is expected to decline, leading to a rise in the sale of LCVs. This development can be attributed to the requirement for logistics services growing in tandem with the operations of the e-commerce sector. LCVs like commercial vans and three-wheeler cargo vans are mostly used for logistics services.

Competition analysis:

Tata Motors Limited, Mahindra & Mahindra Limited, Ashok Leyland Limited, Force Motors Limited, and VE Commercial Vehicles Limited are some of the prominent players in the commercial vehicles market in India. In FY 2019, Tata Motors merged as the leading market player with a market share of 45.13% in terms of sales volume. Other market participants like Piaggio Vehicles Private Limited and Scania Commercial Vehicles India Private Limited occupy negligible shares in the India commercial vehicles market.

Companies covered:
• Ashok Leyland Limited
• Force Motors Limited
• Mahindra & Mahindra Limited
• SML Isuzu Limited
• Tata Motors Limited
• VE Commercial Vehicles Limited
• Daimler India Commercial Vehicles Private Limited
• Piaggio Vehicles Private Limited
• Scania Commercial Vehicles India Private Limited

The post Commercial Vehicles Market in India 2020 first appeared on CRI Report.

The global blood plasma products market is forecasted to grow at a CAGR of 6.8% and will reach USD 28.5 Bn in 2023 from USD 20.5 Bn in 2018.

The increasing demand of immunoglobulin for the treatment of immunodeficiency drive the market growth. The blood plasma products market is segmented based on product types like immunoglobulin, albumin, hyperimmune globulin, coagulation factor VIII, coagulation factor IX, and other plasma products.

The market is also segmented based on end users such as hospitals, clinics, and other end users. Rise in technology at plasma collection centers to collect plasma and record patient history, and use of dried plasma that reduced cold chain requirements are the major trends in the market that may boost the market growth.

Segmentation based on product types

Based on product types, immunoglobulin market has the highest market share (approximately 47%) because of the growing incidence of immunological diseases coupled with the rise in the geriatric population.

The market share of albumin was 15.6% in 2018 which is driven by the rise in adoption of albumin in developing countries and an increase in awareness of recombinant albumin but post-operative risks associated with albumin-based therapy may hamper the market growth. Albumin market share is followed by hyperimmune globulin, coagulation factor VIII, and coagulation factor IX in 2018.

Segmentation based on end users

On the basis of end users, the hospital segment dominated the market with a market share of ~82% in 2018. This is due to the increase in the number of hospitals in developing countries and the rise in awareness of diseases like hemophilia.

It is followed by clinics with a market share of 14.1% in 2018. The clinics market is driven by the growing number of clinics, increase in awareness among patients regarding plasma products and rise in the number of patients with blood and immunological disorders. Other end users that include research institutes, blood transfusion centers, and academic institutes was having the least market share in 2018.

Regional insights

North America is leading the blood plasma products market and occupied approximately 44.2% of the market in 2018. This is due to the rising incidence of haemophilia, and rapid approval by the FDA for the plasma products. Europe is likely to expand over the forecast period of 2018-2023, by exhibiting a CAGR of 6.6%.

This is due to easy access to high-quality plasma through the contributions of qualified donors. Europe is followed by the Asia pacific with a market share of 19.3% in 2018. India and China are the major contributors of plasma products market in the Asia-Pacific region due to a large number of immunodeficient patients to get treated in hospitals and clinics.

The Latin America and the Middle-East and Africa markets though, still at nascent stages, will also experience high growth because of the growing prevalence of blood disorders.

Companies covered

• CSL Behring
• Shire Plc
• Grifols S.A.
• Octapharma AG
• ADMA Biologics
• Kedrion Biopharma

Blood Plasma Products Market in India 2021

The post Global Blood Plasma Products Market (2018-2023) first appeared on CRI Report.