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Carsharing Market: Increasing Demand for Flexible and Sustainable Transportation Options

To meet environmental and community transportation objectives, Carsharing is great model. According to its goal, vision, and principles, fewer people own personal cars, less driving is done, urban land usage and development are improved, and everyone has access to automobiles at a reasonable price. P&S Intelligence, by 2030, it is expected that the worldwide carsharing market would be worth USD 9,957 million.

Moreover, the expansion of this business on a worldwide scale has been accelerated by technical advancement. This service is built on the use of smartphone applications, where consumers and service providers connect to schedule rides and make associated payments.

This covers the production of their materials and the electricity needed to keep them running. Additionally, it is anticipated that the market acceptance of electric automobiles would expand quickly due to their cheap maintenance costs.

Compared to gasoline or diesel vehicles, electric vehicles offer cheaper running expenses. Charging an electric car is less expensive than buying petrol or diesel for transportation requirements due to the comparatively cheap cost of energy. If charging is carried out using renewable energy sources that are already installed at home, the cost of power can be further decreased.

Along with a one-time registration fee, customers can make payments based on the distance and time they travel. Additionally, these service companies take care of other charges like those for parking, gasoline, maintenance, and insurance.

Moreover, they may quickly use the service and reserve the vehicle of their choice using the company’s smartphone. The app offers customers all the information and help they need to ensure a comfortable experience.

Rapid urbanization and industrialization are also contributing significantly to the market’s expansion. Furthermore, countries with high pollution levels include Taiwan and India.

The governments in these nations are concentrating on building solid infrastructure and road networks and increasing the number of electric vehicles in the carsharing fleets to reduce pollution levels and the rate of private vehicle ownership.

APAC Paints and Coatings Market: Increasing Focus on Eco-Friendly and Sustainable Solutions

In 2022, the APAC paints and coatings market had a total size of USD 84.09 billion, and it is predicted to hit USD 133.03 billion by 2030, progressing at a rate of 5.90% from 2022 to 2030, as per research report by market research company P&S Intelligence.

In 2022, the water-borne category, generated the largest revenue share of approximately 48%, Based on technology, and is projected to grow at a significant pace in the future as well. This is majorly credited to the snowballing need for these coatings from numerous furniture and automobile producers, credited to their lucrative nature and greater adhesion characteristics.

In 2022, Acrylic formulation led the industry with a revenue share of approximately 40%. This is because of the characteristics of acrylic compounds, including water resistant, versatile, highly soluble, non-toxic, and elastic which generates heavy demand for paints and coatings with this formulation. Furthermore, the acrylic formulation holds characteristics, including thermoplastic nature, weather/UV resistance, optical clarity, and brilliant dimensional stability.

The industrial coatings industry is divided into automotive original equipment manufacturer coatings, other transport coatings, powder coatings, packaging finishes, coil coatings, general industrial finishes, wood finishes, and coil coatings. Among all, the general industrial finishes category had the largest size share in 2022. This is credited to a huge number of manufacturing units throughout the globe.

The construction sector is rising at a substantial pace in India, Japan, China, and Australia, credited to the increasing populace and rapid urbanization. This has caused a surge in the expenditure on construction projects, including apartments, retail centers, hotels, and civic infrastructure hence, the construction sector is boosting the demand for decorative coatings.

India Electric Rickshaw Market: Government Initiatives and Incentives Boosting Adoption

Talking about the emergence of e-rickshaws in India, they first hurled on the Indian roads, over a decade ago in 2011. Since then, there has only been an increase in the number of e-rickshaws on Indian roads.

The popularity of these vehicles has increased immensely all over India, thanks to their ability to carry 4-5 passengers comfortably over a short distance, rather economically, and the most notable factor is that, all this is done without any emissions.

In cities like Delhi, these have emerged as a livelihood source for people, and a sustainable and economical commute for commuters.

With present looking secure, let’s find out something about the future of these modes of communication in India.

How is the Future of e- Rickshaws in India?
When initially they busted on to the scene in India, e-rickshaws were imported, but with the increased interest of the people, and their potential on Indian roads, currently they are manufactured in the country itself. There are a number of manufacturers, producing advanced Lithium-ion batteries and there is a rapid growth of this entire ecosystem.

Though, with the expansion of battery swapping networks, it is becoming more and more possible for e-rickshaw drivers to drive to the nearest swapping station, get the exhausted battery replaced with a charged one, and get back on track without wasting too much time, and losing the opportunities to earn.

Taking all these factors into consideration, and the increasing concerns raised by environmental organizations around the world regarding the problem of emissions, and all the countries trying to mitigate it at their level, it is only fair to say that the future of e-rickshaws in India looks a promising prospect to say the least.

This growth of the e-rickshaws in India has a lot to do with the increasing average age of these rickshaws, and the constantly increasing number of rickshaws hitting the roads of the country.

Accelerating Convenience: Exploring the Automotive E-Tailing Market and its Impact on Online Car Parts and Accessories Shopping

E-commerce has gained massive popularity over the years. The internet and low-cost product availability or discounted prices have fetched shoppers to online platforms.The new players have entered the e-tailing landscape to sell the products through e-tailing sites or portals.

Few portals offer door-to-door delivery, installation support, and free advice to customers worldwide, and provide support through products or services, and technical expertise.

The rising popularity of Amazon, eBay, and Rock Auto boosts the automotive aftermarket industry, with rising sales of the automotive afterparts. Presently, the e-commerce automotive aftermarket industry is going through a massive transformation.

Numerous transactions are carried out on the internet concerning sales and purchases of automotive and afterparts, including electrical and electronic products, engine components, pistons, infotainment multimedia, bearings, rings, tires, wheels, valves, filters, and interior accessories. Such transactions include both business-to-business and business-to-consumer sales.

In addition, the rising disposable income of consumers, growing penetration of smartphones and the internet, including government initiatives to encourage EV road traction, and the emergence of new players in the industry boost the automotive e-tailing industry.

The passenger cars followed by commercial vehicles, led by economic development, and the per capita income rise in emerging economies propel the sales of automotive parts on e-commerce platforms. Customers prefer to buy branded and genuine products for cars and two-wheeler, due to their longer life span and stability.

The rise in the worldwide GDP, with an increase in the per capita income, results in growing sales of automotive afterparts in emerging economies, such as India, China, and Brazil.Presently, numerous startups and the emergence of new industry players in the e-commerce industry results in surging automotive e-tailing.

Moreover, government initiatives in the form of financial assistance and favorable trade policies boost online sales of automotive products and services.

North America experiences high sales of tires and wheels through e-tailing. In addition, the wide range of products, timely delivery, and hassle-free transaction propels the sale of automotive parts online. Furthermore, the presence of numerous e-retail players boosts the sales of the automated component on the portal, resulting in industry expansion.

In addition, the presence of global automotive companies, including, Walmart, and Amazon in emerging countries boost the sales of automotive parts online. Supportive government policies and 100% FDI offers new opportunities for companies to invest in emerging economies, including Brazil and India.

Browse Full Report Automotive E-Tailing Market Revenue and Demand

Safe and Smart: Exploring the Automotive Anti-Pinch Power Window System Market and its Role in Passenger Safety

Automotive anti-pinch refers to a safety technology that is used in the power windows of cars. This system restricts the winding up of the car window if it stumbles upon any obstacle in the path of the glass. The electric motor of the vehicle is equipped with a sensor that can identify the resistive force working against the glass movement. After sensing an obstacle, the motor prevents the closing action of the window to avoid any injury to a passenger or driver.

As an anti-pinch power window system is a part of vehicle safety features, rising public and government awareness about vehicle safety will propel the automotive anti-pinch power window system market at an exceptional CAGR of 12.0% during the forecast period (2017–2023). According to P&S Intelligence, the market was valued at $1,690.2 million in 2016, and it will generate $3,611.2 million revenue by 2023. For instance, the National Highway Traffic Safety Administration (NHTSA), under the U.S. Department of Transportation (DoT) mandates the installation of power windows in vehicles manufactured in the country.

In addition, the booming passenger car production will also facilitate the production of anti-pinch power widow systems globally. The International Organization of Motor Vehicle Manufacturers (OICA) states that the global automotive industry manufactured 55,834,456 passenger cars in 2020. The increasing production of passenger cars can be primarily credited to the mounting disposable income of people and the booming economy of developing countries, such as India and China. For example, the gross national disposable income of India grew from INR 1,73,15,933 crore in the financial year (FY) 2017–2018 to INR 1,92,37,943 crore in the FY 2018–2019.

In recent years, automotive anti-pinch window system manufacturers, such as Brose Fahrzeugteile GmbH & Co., Continental AG, Magna International Inc., Delphi Automotive PLC, and Robert Bosch GmbH, have focused on strategic partnerships and product launches to meet the needs of commercial vehicle and passenger car manufacturers. In contemporary times, luxury car manufacturers, such as Volvo, Mercedes-Benz, BMW, Audi, Tata Motors, General Motors, Lexus, Land Rover, Honda, and Hyundai, have become eminent users of such automotive products.

Globally, the European and North American regions collectively accounted for the majority of the share in the automotive anti-pinch power window system market in 2016. The dominance of these regions can be credited to the largescale vehicle production and export, hefty investments being made in the automotive industry, rapid technological advancements, and stringent vehicle safety norms in European and North American countries. The European Automobile Manufacturers’ Association (ACEA) states that member nations of the European Union (EU) manufactured 10.8 million passenger cars and 2.1 million commercial vehicles in 2020.

Therefore, the mounting vehicle safety concerns and the soaring passenger car production will accelerate the adoption of automotive anti-pinch power window systems in the coming years.

The Sweet Scent of Success: Unveiling Opportunities in the Cinnamaldehyde Market

The Population Division of the UN estimates that the global urban population grew from 4.28 billion in 2019 to 4.358 billion in 2020. Moreover, the UNDESA states that 55% of the world population was urban in 2018, and this will increase to around 66.66% by 2050. The surging urban population will facilitate the penetration of personal care products, especially among the middle-class population of Tier 2 and Tier 3 cities, owing to which the consumption of cinnamaldehyde will amplify in the coming years.

Additionally, the soaring aging population will drive the cinnamaldehyde market growth in the forthcoming years, on account of the burgeoning demand for cosmetics and personal care products among the elderly. Owing to the antibacterial and antifungal properties of this compound, it is being used in products utilized to fight tooth decay and bad breath, which are extremely common among the aging population. The UNDESA forecasts that the population of individuals aged 65 years or over will rise from 727 million in 2020 to approximately 1.5 billion by 2050.

Moreover, the rising income of people in developing countries will also facilitate the use of cinnamaldehyde in the foreseeable future. A high volume of this compound is used in food products, fragrance products, personal care items, and cosmetics, which are being consumed in large quantities in emerging economies, due to their growing income. For example, the OECD states that the gross national income per capita of Saudi Arabia, Brazil, and South Africa increased from $48,606 in 2017 to $49,497 in 2019, $14,324 in 2017 to $14,671 in 2018, and $12,781 in 2018 to $12,911 in 2019, respectively.

In recent years, the surging use of this naturally occurring chemical as an antimicrobial agent in the agriculture sector has become a prominent trend in the cinnamaldehyde market. Nowadays, the farming community is increasingly using cinnamaldehyde-based insecticides, due to their low toxicity. To cater to the demand for such insecticides, market players are exploring new ideas for the better commercialization of cinnamaldehyde-based pesticides. Additionally, this chemical has also proven to be effective in inhibiting the growth of foodborne pathogens in several food crops.

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Some of the dominant producers of cinnamaldehyde in recent times are Haihang Industry Co. Ltd., Finoric LLC, Payan Berthand S.A, Yingcheng Wuhan Organic Materials Co. Ltd., Kao Global Chemicals, Lanxess AG, ABI Chem, Jayshree Aromatics Pvt. Ltd., Mubychem Group, and Emerald Kalama Chemical LLC. These chemical companies use natural sources such as camphor and cassia, a Cinnamomum spice, and synthetic sources such as cinnamyl alcohol, acetaldehyde, and benzaldehyde to obtain cinnamaldehyde.

According to P&S Intelligence, the APAC region accounted for the largest share in the cinnamaldehyde market in the recent past, due to the boom in the population of China and India. The massive population serves as a huge customer base for personal care and cosmetic product, food and beverage, and pharmaceutical companies. Cinnamaldehyde is used as a flavoring agent in liquid refreshments, ice creams, chewing gums, and candies, and as an odor agent in cosmetics and personal care items.

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