Top 10 Tips for Streamlining Your Fleet Management Procurement Process

Fleet Management Category - Procurement Intelligence 

The Fleet Management Category is anticipated to witness growth at a CAGR of 16.4% from 2023 to 2030. In 2022, North America accounted for 39% of the market share followed by Asia-Pacific and Europe. North America currently holds a dominant position in the global industry with the U.S. being a dominant nation in the region as it is home to several enormous market participants. Industry players support businesses working in different sectors by streamlining their fleet operations to reduce their operating expenses and offer various services such as fuel management, driver management & performance monitoring, vehicle maintenance, vehicle purchase/lease, funding, offering consultation, etc.

Technologies such as advanced driver assistance system (ADAS), electronic logging device (ELD) compliance system, artificial intelligence (AI), Internet of Things (IoT), machine learning (ML), and global positioning system (GPS) are playing a vital role in the development of fleet management category. Technological advancements in the industry have turned the optimization of operations fluidic and flexible, helping organizations save time and money. Through the use of fleet management systems (FMS), fleet managers may more effectively react to the changing conditions of the market.

Order your copy of the Fleet Management Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis 

The COVID-19 pandemic significantly affected industrial activities. Even though sectors such as field services, utility, logistics, and transportation opted for remote working policies, they operated at the fullest capacity to meet the need for essential services. The logistics and transportation sectors encountered enormous challenges as a result of this crisis and the ensuing disruptions in the supply chain. Key players witnessed a significant decline in their revenue during this period. Consequently, there was less of a need for fleets, drivers, dispatchers, planners, and other fleet operators. 

Fleet Management Sourcing Intelligence Highlights 

• The global fleet management category is highly fragmented, with top players in the market being based out of North America, Europe, and Asia Pacific, and are continuously expanding their service portfolio and scale to stay competitive by getting an edge over the others across the globe.
• The U.S. is the largest nation in Fleet Management Services due to the presence of a large number of global players.
• Despite being a competitive industry, fleet management companies (FMCs) in the industry have low negotiating capability as there is high competition and the buyers can easily switch to a different supplier.
• Vehicle acquisition cost, financing, insurance, telematics, fuel costs, and repair & maintenance are the key cost components of Fleet Management. Other costs include management fees & taxes, interest rates, depreciation, labor costs, toll & parking costs, and disposal costs.

List of Key Suppliers in the Fleet Management Category

• ALD SA (ALD International)
• Arval Service Lease
• Donlen LLC
• Element Fleet Management Corp.
• Ewald Fleet Solutions
• Executive Trust Limited (Europcar Ireland)
• Holman, Inc.
• Mike Albert Leasing, Inc.
• Mobilease, LLC
• ORIX Corporation
• The Hertz Corporation
• Wheels, LLC

Fleet Management Procurement Intelligence Report Scope

• Fleet Management Category Growth Rate: CAGR of 16.4% from 2023 to 2030 

• Pricing Growth Outlook: 5% - 10% (Annually) 

• Pricing Models: Cost plus pricing model, fixed price pricing model 

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence 

• Supplier Selection Criteria: Years of experience, geographical service provision, industries served, fleet acquisition/leasing, outsourced driver management, fleet management, sale & leaseback, technology, consulting, and other factors 

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model 

Brief about Pipeline by Grand View Research: 

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to): 

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Breast Pump and Breastfeeding Accessories Industry Trends, 2022 - 2030

Breast Pump and Breastfeeding Accessories Industry Data Book - Breast Pump, Wearable Breast Pump & Breastfeeding Accessories Market Size, Share, Trends Analysis, And Segment Forecasts, 2022 - 2030

The global Breast Pump and Breastfeeding Accessories Industry was valued at USD 4.06 billion in 2021 and is anticipated to increase at a significant CAGR of 7.8% from 2022 to 2030.

Grand View Research’s breast pump & breastfeeding accessories industry data book is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Breast Pump Market Insights

The global breast pump market size was estimated at USD 1.84 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 8.3% from 2022 to 2030. The key factors driving market growth include rising global women's employment rates, improved healthcare infrastructure in emerging economies, and government initiatives to support working mothers. The International Labor Organization (ILO) reports that there has been visible progress in terms of employment opportunities and gender equality over the last 20 years. The ILO initiated the 2030 United Nations Agenda, which declares that the genders of youth and the disabled population are likely to have equal pay without discrimination to achieve gender equality and empower all women and girls to attain productive employment, gender equality, and economic development.

Growing consumer awareness and supportive government initiatives are anticipated to propel the global demand for breast pumps. For instance, The Baby Friendly Hospital Initiative (BFHI), which promotes evidence-based practices for breastfeeding success, was established by the United Nations Children's Fund (UNICEF) and the World Health Organization (WHO) to enhance breastfeeding rates and assist families in achieving their breastfeeding goals. Similarly, most insurance plans must now cover specified breastfeeding help and supplies, such as breast pumps, as part of the Affordable Care Act. Therefore, such initiatives are expected to increase the usage of these products. As a result, purchasing these products becomes easier for end-users, leading to rising demand for breast pumps.

The breast pump helps improve accessibility to perform tasks in daily living. A breast pump is covered under Medicare but does not cover disposable items. Medicare Part-B beneficiaries pay 20% of the approved cost of the product, and Medicare pays the remaining 80%. Better coverage and reimbursement policies for breast pump products are also likely to help boost the market growth. In addition, the rising number of elderly care centers because of the increasing geriatric population base globally is projected to drive the market further.

Order your copy of the Free Sample of “Breast Pump and Breastfeeding Accessories Industry Data Book - Breast Pump, Wearable Breast Pump & Breastfeeding Accessories Market Size, Share, Trends Analysis, And Segment Forecasts, 2022 - 2030” Data Book, published by Grand View Research

Breastfeeding Accessories Market Insights

The global breastfeeding accessories market size was estimated at USD 2.2 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030. The demand for breastfeeding accessories is increasing owing to a rise in the global women’s employment rate. Furthermore, an increase in awareness campaigns by government and market players regarding the availability of breastfeeding accessories is anticipated to propel the market growth during the forecast period.

For instance, various market players such as Medela LLC, Laura & Co., Newell Brands, and Ameda, along with universities including Washington University and Fudan University, are raising awareness among women regarding breastfeeding and its benefits by arranging campaigns and providing informative magazines. In addition, social media platforms such as YouTube, Facebook, and Instagram have enabled individuals to access information about breastfeeding and related accessories.

Similarly, an increasing number of milk banks around the globe is predicted to propel the market growth further. Due to the high demand for breast milk storage, the number of milk banks is increasing. Milk banks are beneficial for mothers and are considered a progressive initiative. Milk banks can offer major advantages in cases such as if the mother is infected with a risk of disease transmission, the mother is unable to lactate, or the baby is orphaned. Thus, an increase in the number of milk banks may increase the use of breastfeeding accessories, thereby driving the market growth over the forecast period.

Go through the table of content of Breast Pump and Breastfeeding Accessories Industry Data Book to get a better understanding of the Coverage & Scope of the study

Breast Pump and Breastfeeding Accessories Industry Data Book Competitive Landscape

The market players are focused on research and development activities to develop technologically advanced products to gain a competitive edge.

Key players operating in the Breast Pump and Breastfeeding Accessories Industry are:

• Ameda (Magento, Inc.)
• Hygeia Health
• Medela Ag
• Koninklijke Philips N.V.
• Lansinoh Laboratories, Inc.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
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Key Trends and Market Predictions for the Electric Mobility Industry

Electric Mobility Industry Data Book - Two-Wheeler, Three-Wheeler and Light Commercial Vehicles Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Electric Mobility Industry was valued at USD 101.67 billion in 2022 and is anticipated to increase at a significant CAGR of 19.9% from 2023 to 2030.

Grand View Research’s electric mobility industry data book is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Electric Three-Wheeler Market Insights

The global electric three wheeler market size was valued at USD 1.28 billion in 2022 and is anticipated to register a compound annual growth rate (CAGR) of 7.7 % during the forecast period. The market is expected to experience growth owing to the rising inclination towards electric vehicles over conventional vehicles powered by fossil fuel. The growing concentration of greenhouse gases in the environment has promoted society to look for sustainable modes of transportation options, especially electric three-wheeler vehicles. Moreover, new startups such as Nobecars, Arcimoto, and others are booming in the electric three-wheeler landscape, further driving the market growth.

Electric vehicles are becoming a part of the mainstream vehicle fleets worldwide. To make electric three-wheelers more efficient, their powertrain and battery technologies are being improved. To make electric three-wheelers more affordable, manufacturers are developing a scalable electric solution for three-wheelers which will help in the cost-effective electrification of conventional vehicles specially used for last mile connectivity. The electric mobility ecosystem has been developing to accommodate more electric vehicles based on the transportation choices of various end-users. With electric light commercial three-wheelers fleets being increasingly used for last-mile delivery of cargo. 

The absence of standard charging infrastructure and high battery costs are major restraints hindering the electric three-wheeler market growth. The limited presence of charging infrastructures, such as standardized charging plugs and standardized charging capacity parameters, is fueling the vehicle range anxiety for drivers. Additionally, safety concerns over lithium-ion batteries catching fire are further restraining the market growth. This is promoting the government worldwide to draft more stringent regulations concerning safety standards to be implemented during manufacturing batteries and other components.

Order your copy of the Free Sample of “Electric Mobility Industry Data Book - Two-Wheeler, Three-Wheeler and Light Commercial Vehicles Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Electric Light Commercial Vehicles Market Insights

The global Electric Light Commercial Vehicles Market size was valued at USD 9.30 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 39.0% from 2023 to 2030. Increasing demand for the lightweight, fuel-efficient, and cost-effective vehicle for the transportation of goods is fueling the growth of light commercial vehicles such as pick-up trucks, vans and minibus in the market. Additionally, the booming e-commerce sector is further creating demand for the logistics transportation service, an electric light commercial vehicle which offers tax incentives, contributes to reducing fuel emission, and are affordable. Thus, LCVs are widely preferred for door-to-door delivery, pick, and drop, and shipping service in the market.

In addition, some of automobile parts manufacturers are working on developing the technology advanced solution for electric light commercial vehicle manufacturers. For instance, in 2022, ZF Friedrichshafen AG, has launched solid rear axle for pick-up trucks, which has integrated electric drivetrains. The company-produced an e-Beam e- axle comprised of the power inverter, e- motor, transmission, axle assembly a complete solution for pick-up trucks. Also, the embedded battery packs have a faster charging option. Further, the ZF e-beam axle is paired with the ZF’s Active Kinematic Control rear-wheel steering system, which reduces the turning radius of the vehicle. Therefore, these innovations and technological advancement is parts will improve overall efficiency and performance of the E- light commercial vehicle thereby contributing to creating new growth opportunity for market growth.

Asia Pacific region is expected to hold the highest share in the electric three-wheeler market. Factors such as EVs as an eco-friendly and affordable option for public transport, increasing popularity of shared mobility, and active government backing for the adoption of EVs are contributing to high regional share. The region has a high penetration of electric three-wheelers, prompting manufacturers to adopt strategies such as partnerships and launching new e-three-wheeler models to gain market share. For instance, Omega Kesiki Mobility entered the passenger electric three-wheeler segment with the launch of Stream, which is priced at INR 3.40 lakhs after government subsidy.

Go through the table of content of Electric Mobility Industry Data Book to get a better understanding of the Coverage & Scope of the study

Electric Mobility Industry Data Book Competitive Landscape

The market players across the Electric Mobility industry are continuously pursuing various initiatives such as strategic partnerships, mergers and acquisitions, and new product launches. These vendors hold expertise in the industry and have strategic footprints spread across various parts of the world. Hence, these companies have been able to successfully defend their position in the market.

Key players operating in the Electric Mobility Industry are:

• AIMA Technology Group Co. Ltd.
• Greeves Electric mobility Private Limited (Ampere Vehicles)
• Bird Rides, Inc.
• Ideanomics, Inc.
• Hero Electric (Hero Eco Group)

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
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Managed Mobility Services Procurement Revenue Forecast Report, 2023 - 2030

Managed Mobility Services Category - Procurement Intelligence 

The Managed Mobility Services (MMS) Category is anticipated to grow at a CAGR of 23.8% from 2023 to 2030. In 2022, the North American region dominated the category with a share of 37%. An organization's MMS includes a variety of IT and workflow management services that are needed for purchasing, allocating, and maintaining tablets, smartphones, and other associated gadgets/devices. According to Microsoft, more than 52% of employees preferred shifting to remote work by the end of 2022. The increasing number of employees operating remotely, the rise in IoT-connected devices, the increasing use of BYOD owing to hybrid work models, and the growing requirement for tight security measures are some of the factors driving the growth of the MMS category. By function, in 2022, the device management segment accounted for the largest share, between 50% - 60% of the overall share.

Another factor aiding growth is the increasing telecom expense management (TEM). TEM companies have become a crucial asset in this hybrid working model. 2021 saw this hybrid mode become a norm rather than an exception. According to Gartner's 2022 report, TEM companies have evolved their offerings since 2021 to meet the increased demand and handle the complex network of mobile and fixed assets. In 2022, enterprises have partnered with TEM companies that offer complete lifecycle support - from procurement to invoicing, vendor, and inventory management.

Order your copy of the Managed Mobility Services Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis 

One of the trends in this category is the rising use and deployment of 5G networks in emerging countries such as Brazil, Mexico, India, Malaysia, etc. For instance, in Q1 2022, Telcel launched 5G services in Mexico using a 3.5g spectrum. Similarly, in Q4 2022, Jio and Airtel launched 5G networks in India. This has, in turn, forced many MMS companies to evolve their offerings in these regions to meet the demand. 

The global managed mobility service industry is fragmented overall. It has been found that for accessibility to company applications, 87% of organizations rely on their employees to utilize their individual mobile devices. In recent times, more than 70% of companies have BYOD-to-work policies. Hence, a multitude of MMS providers has emerged over the last two to three years to assist businesses in handling the proliferation of mobile devices that access private networks and company-sensitive information. 

Vendors in this category are trying to provide end-to-end unified solutions, full support for BYOD and cross-device integration, device compatibility, and sophisticated security tools and services. This is to ensure that a high level of data integrity is maintained while protecting the company’s (clients) full device portfolio. Telecom network operators, device developers, MMS service and platform vendors (pure play or combined), and cloud service providers (or, CSPs) are a few instances of the major types of suppliers in this category. The bargaining power of suppliers is reduced due to increased fragmentation.

List of Key Suppliers in the Managed Mobility Services Category

• AT&T Inc.
• Fujitsu Limited
• Orange S.A.
• Telefónica, S.A.
• Deutsche Telekom AG
• Kyndryl Holdings, Inc.
• Vodafone Group plc
• IBM Corporation
• Cisco Systems, Inc.
• Zebra Technologies Corporation
• Honeywell International Inc.
• Verizon Communications Inc.

Managed Mobility Services Procurement Intelligence Report Scope

• Managed Mobility Services Category Growth Rate: CAGR of 23.8% from 2023 to 2030 

• Pricing Growth Outlook: 10% - 15% (Annually) 

• Pricing Models: Bundled pricing, user-based pricing, or contract-based pricing. 

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence 

• Supplier Selection Criteria: End-to-end solutions, cloud solutions, compliance, optimization services, platforms, IoT solutions, analytics and security, device support, operational and functional capabilities, technology used, and others 

• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model 

Brief about Pipeline by Grand View Research: 

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to): 

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Unpacking the Profit Margin in the Flavors & Fragrances Industry: What You Need to Know

Flavors & Fragrances Industry Data Book - Natural Flavors & Fragrances and Aroma Chemicals Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Flavors & Fragrances Industry was valued at USD 23.35 billion in 2021 and is anticipated to increase at a significant CAGR of 4.3% from 2022 to 2030.           

Grand View Research’s Flavors & Fragrances industry databook is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Natural Flavors & Fragrances Market Insights

The global natural flavors and fragrances market was valued at USD 8,510.4 million in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2030. The growth is driven by the growing demand for the product in convenience food and packaged food items. The industry growth was hampered amid the COVID-19 pandemic, as there were several restrictions on the import and export of chemicals coupled with quarantine and lockdown measures acting as some of the key barriers faced by several product manufacturers. The pandemic directly impacted people’s choices, lifestyles, preferences, health, and well-being.

Due to the shortage of labor owing to health concerns, many companies had to shut down their manufacturing units for a long period. Natural fragrances and flavors are derived from natural sources, such as plants and animals. These sources include vegetables, fruits, meat, spices, fish, roots, leaves, and more. It contains rich properties of fruits or vegetables that can be used for various purposes, such as adding flavor to food or instilling fragrance in beverages. Furthermore, natural flavors & fragrances are extensively consumed in the preparation of convenience foods. Food & beverage-producing companies tend to rely on these products owing to their organic nature and less harmful chemical content.

The increasing population coupled with the high disposable individual income in countries like the U.S., the U.K., China, India, Brazil, and South Africa has elevated the consumption of convenience or packaged foods & beverages, such as bakery products, dietary food, flavored drinks, and more. In addition, pharmaceutical companies are producing medicines that are sweet and acceptable to a vast majority of the population. Predominantly for children, the companies tend to mask the bitter taste of medicines with fragrances & flavors to make them easily consumable. Rising awareness about child health is likely to be a major factor stimulating the demand for natural fragrances & flavors in the pharmaceutical industry.

Order your copy of the Free Sample of “Flavors & Fragrances Industry Data Book - Natural Flavors & Fragrances and Aroma Chemicals Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Aroma Chemicals Market Insights

The global aroma chemicals market size was valued at USD 15,639.1 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.3% from 2023 to 2030. The growth is attributed to increased consumption of flavors & fragrance products in the cosmetics & toiletries, soaps & detergents, and food & beverages industries. Aroma chemicals are witnessing an increase in demand owing to the growing application scope in key end-use industries such as dairy, cosmetics & toiletries, soaps & detergents, fine fragrances, convenience foods, bakery foods, and confectionery. Moreover, increasing demand for low calories drinks and growth in the beverages market, are the major factors driving the growth of the industry.

Flavors being a prominent factor in taste in edible products, aroma chemicals are utilized to augment the taste in beverages and processed food. Increasing demand for health and wellness foods, regulation, and the ban on the use of some synthetic flavors are triggering the growth of natural aroma chemicals. The suitability of natural flavors in wider applications, additional health benefits of certain natural flavors, and advanced technological innovation are the key factors driving the market growth.

Customers are reallocating their finances from non-essentials to stockpile essentials, including disinfectants and hygiene and cleaning products. In India, the immediate impact of COVID-19 on hygiene product categories was recorded in March 2020. The hygiene products category witnessed an increase of 25% and 60% in demand for floor cleaners and hand washes, respectively. All these factors contribute significantly to the demand for aroma chemicals used in soaps and detergents.

Go through the table of content of Flavors & Fragrances Industry Data Book to get a better understanding of the Coverage & Scope of the study

Flavors & Fragrances Industry Data Book Competitive Landscape

The market players across the flavors & fragrances industry were able to maintain good momentum and cope with the challenges associated with operations and supply chain disruptions.

Key players operating in the Flavors & Fragrances Industry are:

• Givaudan
• Symrise AG
• International Flavors & Fragrances Inc. (IFF)
• Biolandes SAS
• Young Living Essential Oils

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
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Uncovering the Pharmaceutical Packaging Industry's Supply-Demand Gap Analysis

Pharmaceutical Packaging Industry Data Book - Plastic Pharmaceutical Packaging, Parenteral Containers, Primary Pharmaceutical Packaging and Pharmaceutical Contract Packaging Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Pharmaceutical Packaging Industry was valued at USD 117,007.3 million in 2021 and is anticipated to increase at a significant CAGR from 2022 to 2030.           

Grand View Research’s pharmaceutical packaging industry databook is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Plastic Pharmaceutical Packaging Market Insights

The global Plastic Pharmaceutical Packaging Market size was valued at USD 43,377.7 million in 2021 and it is expected to expand at a compound annual growth rate (CAGR) of 9.1% from 2022 to 2030. Plastic is light in weight, easy to mold, and considerably cheaper than metal and glass. Therefore, end-use companies majorly prefer plastic-based packaging products. Increasing demand for convenience, lightweight, and travel-friendly packaged pharmaceutical products from this industry is expected to augment the growth of the plastic & polymers material segment in the coming years.

Polypropylene (PP) accounted for the largest share in the plastic & polymers material segment in 2022. Polypropylene is considered an economical material as it offers a combination of mechanical, physical, electrical, and thermal characteristics that are not found in any other thermoplastic. When compared to high or low-density polyethylene, polypropylene exhibits a higher working temperature and tensile strength.

PET accounted for the second-largest share in the plastic & polymers segment in 2020 and is expected to witness significant growth over the forecast period. PET is used for the packaging of liquid oral drug formulations and is the most used and globally accepted form of plastic for the packaging of pediatric and geriatric drugs. This is attributed to its transparency, robustness, low cost, and lightweight.

Order your copy of the Free Sample of “Pharmaceutical Packaging Industry Data Book - Plastic Pharmaceutical Packaging, Parenteral Containers, Primary Pharmaceutical Packaging and Pharmaceutical Contract Packaging Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Primary Pharmaceutical Packaging Market Insights

The global Primary Pharmaceutical Packaging Market size was valued at USD 88,504.2 million in 2021 and is projected to grow a CAGR of 9.7% from 2022 to 2030. The Primary packaging first envelopes the drug and protects it from contamination. Along with protection, primary packaging used in this industry is often involved in dispensing and dosing drug contents. Labels containing information regarding drug use, caution, and others are often printed or attached to primary packaging products such as bottles, pouches, tubes, vials, blister packs, and others.

Primary pharmaceutical packaging is expected to emerge as the largest segment over the forecast period. This can be contributed to factors such as minimal product-package interaction, protection of quality, and enhanced performance at point-of-use. In addition, ease-of-use for the patient is a major driving factor for the primary packaging segment on account of the increasing trend of self-medication. Further, the complex needs of the rapidly growing biologics market are spurring developments in parenteral packaging.

Key companies operating in the primary this market includes Amcor plc, Becton, Dickinson and Company, AptarGroup, Inc., Drug Plastics Group, Gerresheimer AG, Schott AG, Owens Illinois Inc., SGD Pharma, West Pharmaceutical Services, Inc., Berry Global Inc., WestRock Company, Comar, LLC, and Vetter Pharma International.

Go through the table of content of Pharmaceutical Packaging Industry Data Book to get a better understanding of the Coverage & Scope of the study

Pharmaceutical Packaging Industry Data Book Competitive Landscape

The global pharmaceutical packaging market is highly fragmented with the presence of large and medium-sized international companies as well as small-sized domestic players. The global market is steadily moving toward sustainable packaging owing to rising stringent regulations regarding the use of excessive plastic packaging coupled with growing sustainability awareness among consumers.

Key players operating in the Pharmaceutical Packaging Industry are:

• Amcor plc
• Becton, Dickinson and Company
• AptarGroup, Inc.,
• Drug Plastics Group
• Gerresheimer AG

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
Follow Us: LinkedIn | Twitter

Is Fiber Reinforced Plastics Procurement on the Rise? A Growth Analysis

Fiber Reinforced Plastics Category - Procurement Intelligence 

The Fiber Reinforced Plastics Category is anticipated to grow at a CAGR of 8% from 2023 to 2030. North America holds the largest market for this category. The demand for Fiber Reinforced Plastics (FRP) has increased in recent years due to their advantages, such as a high strength-to-weight ratio and corrosion resistance, which have made them suitable for use in a variety of environments. Applications of FRPs include the automotive, aerospace, and construction industries.

The expansion can be attributed to the rise in demand for strong, lightweight materials in the construction, marine, aerospace, and automotive industries. The demand for FRP products in a variety of applications is also being fueled by strict environmental protection rules. Other significant growth drivers are rapid urbanization and industrialization, rising consumer disposable income in developing nations such as Middle East & Africa, and increasing government investments in infrastructure development.

This category has experienced significant technological advancements in the past few years, including the development of innovative fiber materials like carbon fiber and aramid fiber, which are stronger and lighter than traditional fibers. Additionally, new manufacturing techniques like additive manufacturing (AM) have enabled the production of complex FRP parts with high accuracy and repeatability, opening up new possibilities in industries such as aerospace, automotive, and medical. Furthermore, advancements in FRP composite design and testing have resulted in stronger, lighter, and more durable composites.

Order your copy of the Fiber Reinforced Plastics Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis 

This category is partially consolidated with the presence of both global and regional players. The large players have the resources to acquire smaller players, develop new products, and expand into new markets. However, the smaller players can compete by focusing on specific market segments or by offering customized solutions. Key players in this category use acquisitions, product development, and expansion to consolidate positions, meet market demand, and gain a competitive edge. 

• In August 2022, in order to meet the rising demand for the company's assortment of fiber-reinforced polymer (FRP) materials, Vixen Composites, an Airxcel brand, has expanded into a new larger 60,000-square-foot facility in Aeroplex Industrial Park, Indiana, in the United States. 

• In April 2022, a glass fiber reinforced polymer (GFRP) production line for fiberglass rebar was built by SK Eco plant in collaboration with KCMT, a Korean GFRP producer. By 2024 and 2027, the joint factory will be able to produce 40,000 tons and 200,000 tons annually, respectively. 

• In September 2021, Penn State College of Engineering researchers developed a low-cost CFRP manufacturing technology using a vacuum bag and carbon fibers. This innovative method, funded by the US Office of Naval Research, could reduce fuel consumption and increase cargo weight allowances for commercial airlines. 

This category has major cost components based on specific operations. These components include raw materials, labor and manufacturing, research and development, transportation, regulatory compliance, and maintenance. Raw materials constitute a substantial portion (50%) of the cost, with fiber and resin being paramount. Glass fiber, carbon fiber, and aramid fiber are common fibers, while polyester, vinyl ester, and epoxy resins are frequently used. Labor and manufacturing comprise wages, benefits, overhead, machinery, and facilities costs. Research and development involve innovating fibers, resins, and manufacturing processes. Transportation accounts for shipping to customers, while regulatory compliance covers adhering to production regulations. Maintenance and support encompass repairs and replacements. The application's nature also affects total costs, with aerospace FRP composites generally costlier than those in the automotive industry.

List of Key Suppliers in the Fiber Reinforced Plastics Category

• Hexcel
• Toray
• Cytec
• Teijin
• TenCate
• Mitsubishi Rayon
• SGL Carbon
• TenCate
• Dupont
• BASF

Fiber Reinforced Plastics Procurement Intelligence Report Scope

• Fiber Reinforced Plastics Category Growth Rate: CAGR of 8% from 2023 to 2030 

• Pricing Growth Outlook: 2% - 4% (Annually) 

• Pricing Models: Unit Pricing, Cost-plus Pricing 

• Supplier Selection Scope: Cost and pricing, Past engagements, Productivity and Geographical presence 

• Supplier Selection Criteria: Quality Assurance, Supply Capacity and Reliability, Traceability and Transparency, Cost Competitiveness, and Certifications 

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model 

Brief about Pipeline by Grand View Research: 

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to): 

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Uncovering the Key Drivers Shaping the Data Preparation Industry

Data Preparation Industry Data Book - Data Collection and Labelling, Data Labelling Solutions and Services & Data Integration Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Data Preparation Industry was valued at USD 20.89 billion in 2021 and is anticipated to increase at a significant CAGR of 17.0% from 2022 to 2030.           

Grand View Research’s Data Preparation industry databook is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Data Collection and Labelling Market Insights

The global data collection and labeling market size was valued at USD 1.67 billion in 2021 and it is expected to expand at a compound annual growth rate (CAGR) of 25.1% from 2022 to 2030. The market is expected to witness a surge in technology adoption owing to benefits such as extracting business insights from socially shared pictures and auto-organizing untagged photo collections. It also contributes to developing enhanced safety features in autonomous vehicles, such as condition monitoring, terrain detection, wear detection, and emergency vehicle detection.

Machine learning has been incorporated into various industries, including facial recognition on social networking websites, automated picture arrangement on visual websites, robotics, and drones. Social media monitoring is one of the most popular data collection applications, as visual listening and visual analytics are essential for digital marketing growth. Also, this technology is highly used in applications related to safety and security, such as data gathering for facial recognition used by law enforcement agencies. The need for a constant flow of data to evaluate is expanding as the importance of data-backed decisions for businesses increases. Analysts derive insights and information from data about their target clientele through data mining.

Artificial intelligence-enabled data labeling service is rapidly gaining traction in security monitoring technology in many countries. Person/object tracking, traffic monitoring, parking occupancy detection area monitoring, and vehicle analysis are some of the primary AI applications in surveillance settings. Many companies have invested much time developing AI-based data processing technologies to maintain social isolation in open spaces, especially during the global covid-19 epidemic.

Order your copy of the Free Sample of “Data Preparation Industry Data Book - Data Collection and Labelling, Data Labelling Solutions and Services & Data Integration Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Data Labelling Solutions and Services Market Insights

The global data labeling solution and services market size was valued at USD 8.69 billion in 2021 and is projected to grow a CAGR of 21.0% from 2022 to 2030. By adding attribute tags, data labeling tools assist users in developing data value. Data labeling is a process for identifying raw data (text, videos images, etc.) and adding one or more significant and revealing labels to offer context. Machine learning has been incorporated in several industries, including facial recognition on social networking websites powered by data collection, automated picture organization of visual websites, and robots & drones. Prominent growth in the automotive business, particularly in self-driving vehicles, significantly fuels data labeling solutions and services. A self-driving vehicle has a multiplicity of sensors and networking devices that let the computer drive the vehicle.

The global data labeling solution and services market is expected to witness a surge in the adoption of the technology owing to assistance such as deriving business insights from socially shared photographs and auto-organizing untagged photo collections. Furthermore, data labeling technology is increasingly being used in autonomous vehicles, which is expected to contribute to significant growth in the automobile industry. With the help of this technology, self-driving cars can detect obstacles and notify the driver about the vicinity of walkways and guardrails. The technology is also capable of reading stoplights and road signs.

The emerging importance of data efficiency and the evolution of technology is allowing for new business innovations, economics, and infrastructure. These factors have contributed to the expansion of the data labeling market. The significant development of machine learning in automated data analytics is projected to increase demand for tools and solutions for autonomous data labeling in many data-driven applications. Furthermore, the emerging prominence of picture annotation is likely to advance retail, automotive, and healthcare operations, driving demand for data labeling technologies. Moreover, the high expenses involved with manually annotating complicated photos may limit the market's growth.

Go through the table of content of Data Preparation Industry Data Book to get a better understanding of the Coverage & Scope of the study

Data Preparation Industry Data Book Competitive Landscape

The market participants are implementing several organic and inorganic growth strategies, including new product launches, product modernizations, collaborations, corporate expansions, and acquisitions and mergers.

Key players operating in the Data Preparation Industry are:

• Alegion
• Amazon Mechanical Turk, Inc.
• Appen Limited
• Clickworker GmbH
• CloudFactory Limited

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
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Exploring the Latest Innovations in Asset Management Software Industry

Asset Management Software Industry Data Book - Asset Performance Management, Enterprise Asset Management, Infrastructure Asset Management Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Asset Management Software Industry was valued at USD 56.76 billion in 2022 and is anticipated to increase at a significant CAGR of 11.1% from 2023 to 2030.           

Grand View Research’s asset management software industry databook is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Asset Performance Management Market Insights

The global asset performance management market size was valued at USD 19.32 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 12.0% from 2023 to 2030. The market is anticipated to witness significant growth during the forecast period on account of the increasing demand for digital solutions across various industries, such as oil & gas, manufacturing, and chemical, among others, for reducing operational expenses. APM system helps collect different kinds of data from all the assets, such as machinery, heavy equipment, and so on, using sensors. Through the integration of disparate data sources, the APM system builds a data analytics platform that provides a comprehensive view of all operational assets. Customers can utilize this information to improve asset management processes and prioritize maintenance activities.

The integration of the APM system with complementary solutions such as mobile solutions and geographic information system (GIS) solutions is enabling more efficient use cases of the APM system, thereby contributing towards steady market growth. Furthermore, APM systems in the market leverage industrial internet of things (IIoT) to provide equipment reliability. As equipment reliability is fundamental capability of the APM systems, there is an increasing attraction towards the systems from industrial sector.

APM is an integrated suite of solutions and services, which includes various software that are used to monitor aspects such as asset health and asset reliability. They are also used to plan strategies for asset maintenance and divestment. For instance, the Predix solution by General Electric includes different products such as APM Health, APM Reliability, APM Strategy, and APM Integrity. APM system provides various insights at the point of action to increase asset life, minimize unplanned repair work, decrease downtime; lower maintenance costs, and reduce the risk of equipment failure.

Order your copy of the Free Sample of “Asset Management Software Industry Data Book - Asset Performance Management, Enterprise Asset Management, Infrastructure Asset Management Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Enterprise Asset Management Market Insights

The global enterprise asset management market size was valued at USD 5.74 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 16.9% from 2023 to 2030.  The market's growth is driven by a stronger emphasis on improving asset availability and reducing asset breakdowns that impair business operations. The enterprise asset management (EAM) market is expected to grow more rapidly due to the rising demand for a 360-degree view of assets, the elimination of compliance-related overheads, the integration of technologies such as IoT, AI, and analytics, and the ongoing use of IoT platforms and devices to sustain enterprise assets. The demand for cloud-based EAM setups has been affected by increased internet enterprise size adoption, rising data security concerns, and cell phones that empower and inform users about using highly effective software.

The EAM market is undergoing a substantial transformation with supplemental and new technologies. The Internet of Things (IoT), real-time analytics, augmented reality, Artificial Intelligence (AI), digital twins, and telematics are integrated with EAM deployments to assist with more profound insights into asset management. As a result, EAM is increasingly becoming an intelligent program capable of ingesting real-time data, interacting with devices, and providing sophisticated insights to engineers and operators. A maturing market and broad usage of cloud and micro-enterprise size architectures in EAM and facility management software are offering new potential for market growth.

Severalpublic sector organizations, such as government entities, municipalities, and public institutions, use EAM software to manage public infrastructure, facilitate predictive maintenance, ensure compliance, save costs, and improve citizen services. For instance, in August 2022, Infor, a cloud software company, upgraded Infor Public Sector (IPS) asset and work management software in the city of Calgary in Alberta, Canada. The upgrade allows mobility businesses in the city to capitalize on functionalities, including GIS data integration, mobile applications, and improved performance.

Go through the table of content of Asset Management Software Industry Data Book to get a better understanding of the Coverage & Scope of the study

Asset Management Software Industry Data Book Competitive Landscape

The companies are adopting several growth strategies, such as partnerships, mergers & acquisitions, and product launches, to stay afloat in the competitive industry.

Key players operating in the Asset Management Software Industry are:

• AVEVA Group plc
• Aspen Technology, Inc.
• ABB Ltd
• Aptean
• Pitney Bowes Inc.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
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Exploring the Competitive Landscape of Customs Brokerage Service Procurement

Customs Brokerage Service Category - Procurement Intelligence

The Customs Brokerage Service Category is expected to grow at a CAGR of 7.7% from 2023 to 2030. North America held the largest revenue share in 2022 due to a number of factors, including significant industry players' presence, technological developments, and rapid expansion in a variety of sectors, including manufacturing, healthcare, and retail. The dominance of the region can be linked to the existence of developed nations like the United States and Canada, where these industries are rapidly expanding. Trade with other nations is facilitated by collaboration and partnerships among the major market participants, and trade in this region is also increasing thanks to the region's modern infrastructure, which includes effective land, sea, and airport services.

E-commerce is driving the growth of the customs brokerage services category. The increasing availability of broadband internet, the growing popularity of mobile devices, and the convenience of shopping online are all factors that are driving the growth of e-commerce. As businesses ship more goods to customers around the world, they need to clear those goods through customs. This is where customs brokerage services come in. Customs brokers help businesses navigate the complex customs regulations of different countries and ensure that goods are cleared quickly and efficiently.

Digitization, automation, value-added services, trade facilitation programs, e-commerce boom, and growing markets are all contributing to this category's expansion. Customs brokers can expedite procedures, cut expenses, and improve service quality due to these considerations. Risk analysis, trade advice, and supply chain management are examples of value-added services. Initiatives to facilitate trade make it easier to deal with customs, and e-commerce is expanding to serve online buyers and sellers. 

Companies are continuously focusing on collaborating for instance: 

• In April 2023, Worldwide Logistics Group (WWL), a global integrated logistics provider, completed the acquisition of P. W. Bellingall, Inc. (PWB), a major customs brokerage house located in San Francisco. This acquisition will give WWL a significant presence in the cross-border trade between the United States & Asia and will expand its reach into the San Francisco Bay Area. 

• In June 2022, Parade, a software provider for freight brokerage, integrated its truckload capacity management platform with Covenant Logistics Group, Inc. By bridging the technical gap and facilitating a more seamless shift from manual to digital freight bookings, this partnership will aid Covenant's freight brokerage operations. This will increase operational effectiveness and enable Covenant to adjust to the shifting business environment. 

Order your copy of the Customs Brokerage Service Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis 

Customs Brokerage Service Sourcing Intelligence Highlights 

• The global customs brokerage service category is highly fragmented with the presence of several players including multinational logistics companies, specialized customs brokerage firms, and freight forwarders. To grow their market share, firms in the industry are adopting crucial strategies like acquisitions, partnerships, and regional expansion. 

• In this category, buyers have more bargaining power when there are many suppliers to choose from, it is easy and inexpensive to switch suppliers, and the customs brokerage service is not essential to the buyer's business. In contrast, suppliers have more bargaining power when there are few suppliers to choose from, it is difficult and expensive to switch suppliers, and the customs brokerage service is essential to the buyer's business. 

• China, India, and the United States are the most preferred destinations for sourcing customs brokerage services in this category. 

• Specialized firms offer customs brokerage services and have strong relationships with customs officials, enabling them to expedite the clearance process. Freight forwarders, on the other hand, handle the transportation of goods and provide customs brokerage services.

List of Key Suppliers in the Customs Brokerage Service Category

• Kuehne+Nagel
• United Parcel Service of America Inc
• CEVA Logistics
• APL Logistics Ltd
• Expeditors International of Washington Inc
• Nippon Express Holdings
• Deutsche Post DHL Group
• FedEx
• CJ Logistics Corporation
• DB Schenker

Customs Brokerage Service Procurement Intelligence Report Scope

• Customs Brokerage Service Category Growth Rate: CAGR of 7.7% from 2023 to 2030 

• Pricing Growth Outlook: 3% - 4% (Annually) 

• Pricing Models: Cost-plus pricing and value-based pricing 

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence 

• Supplier Selection Criteria: Technical expertise, experience, cost and quality of service, capabilities and reliability, customer service 

• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model 

Brief about Pipeline by Grand View Research: 

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to): 

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Exploring the Growth and Future Trends of the Positive Displacement Pump Industry

Positive Displacement Pumps Industry Data Book - Rotary Pumps and Reciprocating Pumps Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Positive Displacement Pumps Industry was valued at USD 18.35 billion in 2022 and is anticipated to increase at a significant CAGR from 2023 to 2030.           

Grand View Research’s positive displacement pump sector database is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research.

Rotary Pump Market Insights

The global rotary pumps market size was estimated at USD 10.42 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030. The increasing fluid handling requirements in various industries, such as oil & gas, chemicals, and wastewater treatment, have been primarily driving the market growth. As these rotary pumps are flexible in terms of handling various fluids across different viscosity ranges, they are becoming a more suitable option. Companies are under more pressure than ever to reduce their carbon footprint. Strategic investments in environmentally friendly technologies, particularly energy-efficient rotary pumps, have shown to be successful in reducing energy use and emissions. To better fit with sustainable corporate practices and environmental goals, organizations are prioritizing product usage to increase the carbon efficiency of their facility operations.

The growth in the construction and oil & gas industries in the U.S. is a key factor contributing to a rise in demand for rotary pumps. As rotary pumps are significantly used in the oil & gas industry to transport fluid from one point to another during the refining process, the U.S. market will witness significant growth. Furthermore, the U.S. has the most robust chemical processing industry, which widely uses rotary pumps to transfer varying-density fluids during the manufacturing process. With a rise in the operations of the chemical processing industry, product demand is expected to increase in the U.S. The ever-changing end-use industry needs and rising importance of energy efficiency & sustainability showcase the future market trends.

To cater to these needs, key players are developing more energy-efficient pumps with less carbon footprint presence. These newly designed pumps have variable speed drives (VSDs) to further develop the market. Some industries, such as chemical processing, require specialized rotary pumps to handle highly corrosive, viscous & acidic fluids. Hence, manufacturers are offering customization options and expertise to cater to those demands. Moreover, with a rise in digitalization and the Internet of Things (IoT), companies are offering IoT-based pump solutions to enhance the functionality of rotary pumps. The market is highly competitive and concentrated with numerous players having expertise in product design and development. Key companies heavily invest in R&D activities, which enables them to retain their market share thereby further penetrating the industry.

Order your copy of the Free Sample of “Positive Displacement Pumps Industry Data Book - Rotary Pumps and Reciprocating Pumps Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Reciprocating Pump Market Insights

The global reciprocating pumps market size was estimated at USD 7.93 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030. To generate high-pressurized fluid transmission in hydraulic systems, manufacturing systems, and injection & dosing systems, these pumps are essential. Hence, the market for reciprocating pumps is being driven by the expansion of numerous industries like manufacturing, chemicals, and wastewater treatment. Reciprocating pumps are positive displacement pumps that displace a fixed amount of fluid under pressure. They transfer the fluid from one place to another by increasing its pressure. They can be designed to achieve varying constant discharge rates. They are used to transfer gases and liquids across commercial, industrial, and residential applications.

The growth in the oil & gas industry in the U.S. is a key factor contributing to the rise in demand for reciprocating pumps. As reciprocating pumps are significantly used in the oil & gas industry for hydrocarbon exploration, production, and refining, the growth in the oil & gas sector in the U.S. is driving the market growth. Furthermore, the development of shale gas exploration by using the hydraulic fracturing technique in the U.S. is likely to propel the market growth.

The evolving needs of end-use industries and the rising importance of energy efficiency & sustainability showcase the future trends of the market. To cater to these needs, key market players are developing more energy-efficient pumps with less carbon footprint presence. These newly designed pumps have variable frequency drivers (VFDs) to enable better pump speed and flow control. Furthermore, some industries, such as chemical processing, require specialized reciprocating pumps to handle highly corrosive, viscous & acidic fluids. Hence, manufacturers are offering customization options and expertise to cater to those demands. Furthermore, most of the key market layers have adopted the modular designing approach, while designing the reciprocating pumps. In addition to that, companies are giving significant emphasis to offering IoT-based pump solutions.

Go through the table of content of Positive Displacement Pumps Industry Data Book to get a better understanding of the Coverage & Scope of the study

Positive Displacement Pumps Industry Data Book Competitive Landscape

Positive displacement pump manufacturers adopt strategies such as mergers & acquisitions, partnerships & joint ventures, new product developments, distributor agreements, new online channels, and geographical expansions, to gain greater market presence and cater to the ever-changing consumer requirements.

Key players operating in the Positive Displacement Pumps Industry are:

• Ingersoll Rand
• SPX Flow
• Alfa Laval
• Viking Pump, Inc.
• Grundfos

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
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Exploring the Future of Smart Bathroom Industry: Customer Demand Analysis

Smart Bathroom Industry Data Book - Smart Toilet, Smart Bathroom Soap Dispenser, Faucets, Showers, Mirrors and Smart Bathtubs Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Smart Bathroom Industry was valued at USD 6,573.9 million in 2022 and is anticipated to increase at a significant CAGR of 12.0% from 2023 to 2030.

Grand View Research’s smart bathroom industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

Smart Bathroom Showers Market Insights

The global Smart Bathroom Showers Market size was valued at USD 1,125.4 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 11.8% from 2023 to 2030. The growing penetration of smart bathroom products in developing as well as developed countries across the globe is augmenting the demand for the smart shower.

The growing penetration of smart homes in developing and developed countries across the globe is driving the demand for smart technology products like a smart shower. According to the CE Pro Smart Home Deep Dive Study, in 2019, 61% of integrators and manufacturers believed their smart home installation business would grow that year. In addition, increasing home improvement projects and bathroom renovations, particularly in western countries, are paving the way for different smart bathroom products such as smart showers for the residential as well as commercial sectors.

Manufacturers in the industry are including a variety of combinations pertaining to material, technology, and designs in their portfolios, as well as focusing on developing innovative smart showers. This, in turn, is upping the adoption of products with advanced technologies, resulting in the introduction of smart concepts catering to consumer needs. For instance, in February 2021, Moen Incorporated highlighted the touchless technology, spa-like shower, and many other innovations at the Kitchen & Bath Industry Show (KBIS) 2021. Some of the product innovations the company highlighted were U by Moen Smart Faucet; NEW! Cia Bathroom Faucet with MotionSense Wave; Moen Aromatherapy Shower with INLY; and Nebia by Moen Spa Shower.

Order your copy of the Free Sample of “Smart Bathroom Industry Data Book - Smart Toilet, Smart Bathroom Soap Dispenser, Faucets, Showers, Mirrors and Smart Bathtubs Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Smart Toilet Market Insights

The global Smart Toilet Market size to be valued at USD 2,664.8 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% during the forecast period. The rising need for convenient sanitary hygiene products among the consumers is expected to remain a favorable factor for the market growth in the coming years. These products are available in a ceramic toilet arrangement, along with in-built facilities including air dryer and warming water. It has been observed that intelligent bathroom products have become a style statement in developed nations including the U.S., U.K., Germany, and France. Furthermore, the industry participants are offering innovative hygiene technologies including UV lighting, auto flush, Bluetooth connectivity, and auto open seat covers to provide better bathroom experience to the consumers.

Over the past few years, demand for water conservation has been increasing at the global level. Implementation of various government initiatives in many countries on spreading awareness among consumers about the requirement of water conservation is driving the people to increase spending on advanced products, including smart toilet vanities. As per a recent study, in the U.S., around 4.8 billion gallons of water are flushed down every day. Smart toilets can use minimum water with intelligent toilet seats, making them a hygienic and convenient option from the buyers’ end. These products can optimize the water and electrical energy usage in toilets, along with providing an aesthetic appeal.

It has been observed that smart toilets are loaded with different features including UV bacterial killing light nozzle and anti-bacterial seats. Furthermore, shifting inclination towards bathroom decoration as a part of lavish home décor is driving the people to purchase these products. Rising utilization of smart toilets in the commercial real estate and hospitality sectors is playing a crucial role in increasing the product’s adoption. Additionally, the growing popularity of the internet of things technology and voice-controlled equipment at the global level is expected to open new market avenues over the next few years.

Go through the table of content of Smart Bathroom Industry Data Book to get a better understanding of the Coverage & Scope of the study

Smart Bathroom Industry Data Book Competitive Landscape

The manufacturers aim to achieve optimum business growth and a strong market position through the implementation of various strategies such as acquisitions, new product launches, collaborations, and strengthening of distribution networks in the global as well as regional markets.

Key players operating in the Smart Bathroom Industry are:

• Jacuzzi Brands, LLC
• Villeroy & Boch AG
• Signature Hardware (Ferguson Enterprises, LLC)
• Pfister (Spectrum Brands, Inc.)
• Kraus USA Plumbing LLC

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
Follow Us: LinkedIn | Twitter