Kick Scooter Sharing Market is Reaching New Heights

The increasing demand for a fun first- and last-mile commuting option and rising urban road congestion are driving the progress of the kick scooter sharing market across the world. In 2018, such services generated $143.4 million in revenue, which is projected to grow to $4,090.5 million in 2025, at a 51.3% CAGR during the forecast period (2019–2025). Kick scooters are those on which people stand during their journey, and most such vehicles use an electric motor.

On the basis of model, the kick scooter sharing market is bifurcated into multimodal and first- and last-mile. Of these, the first- and last-mile model dominated the market in 2018, as the shared mobility services offered via cars are slightly expensive for short distances; 8 km (5.1 miles) is the average distance for which such services are availed. Further, traffic congestion, parking problems, and air pollution result from the use of cars for short-distance traveling. Therefore, kick scooters not only offer cheap commute, but also help in reducing carbon emissions.

Another reason behind the growing popularity of the concept is that many service providers offer such vehicles via the dockless model, wherein they can be picked up and parked anywhere. This saves time, as people do not need to move around to locate the docking stations. Along with convenience, shared kick scooters are also being adopted for their fun and recreational quotient, and it has been observed that most of the people opting for such services are youths, between the ages of 20 and 35.

The increasing problem of urban road congestion is another significant kick scooter sharing market growth driver. Cars and buses already take up a lot of space on the roads, and their numbers are rising day by day. This is resulting in traffic jams, and almost no space left for pedestrians, in certain places. To make the situation better, the government of numerous countries are promoting kick scooters, as they require significantly less space to travel and park, the latter of which also offers advantages for micromobility firms.

A lucrative opportunity for the kick scooter sharing market lies in the integration of such services with other mobility modes. Several market players, including Lime, Jump, Scoot, and Mobycy, are getting involved in bike sharing, to maximize their revenue and give people more than just one option of traveling short distances. Similarly, Movo and Blinkee also offer scooters, along with kick scooters, for sharing. With more companies adopting such a model, the market is expected to grow further in the coming years.

Across the globe, North America dominated the kick scooter sharing market in 2018, and it is expected to continue on this path throughout the forecast period. This is attributed to the rapid popularity of such services here and the fact that these services were introduced in this region before anywhere else. As the concept has proven useful in solving the first- and last-mile travel problem, it is finding more users in North America.

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During the forecast period, the market is predicted to display the fastest growth in Europe. The rapid popularity of such services in North America are helping in their swift adoption in Europe, and companies which have been successful in the former region are entering the latter. Thus, the advent of established shared kick scooter providers, coupled with the inflow of heavy investments, is helping the European market progress. Spain, Belgium, France, Austria, and Switzerland are leading the way in shared kick scooter usage in the continent.

Therefore, as such vehicles offer cost-effective short-distance commuting solutions and also check air pollution, their usage is increasing.

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Polymer Concrete Market: The Future Impact Of The Propellants And Restraints On The Market

In 2017, the global polymer concrete market generated $1,975.8 million and is expected to attain $2,964.0 million in 2023, registering a 7.1% CAGR during the forecast period (2018–2023). The market is witnessing growth due to the rise in repair and maintenance activities and increasing civil construction projects. An aggregate mixture which makes use of epoxy binder to harden into place is referred to as polymer concrete. It can be made with various kinds of polymer resins, such as polyester, vinyl-ester, epoxy, and others, which allow concrete to be poured and then harden.

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The increasing number of civil construction projects is a major driving factor of the polymer concrete market. The construction industry creates jobs and channelizes investments and thus plays a significant role in the economic development of a country. Therefore, the governments around the world are increasing their investments in civil construction projects, such as roads, buildings, airports, sewer systems, railways, water reservoirs, bridges, tunnels, and others. For example, in Germany, 189 strategic infrastructure projects were in the developmental phase as of 2017, with a total investment of $129.6 billion.

In terms of application, the polymer concrete market is categorized into pump bases, trench drain, containments & waste containers, flooring blocks, and others (which include outdoor furniture, overlays, solid surface counter, and park benches). Among these, the trench drain category dominated the market during the historical period (2013–2017), holding a share of more than 26.0% in 2017, in terms of value. The reason for this is the growing construction of efficient drainage systems for catering to the needs of the surging population around the world.

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When end user is taken into consideration, the polymer concrete market is divided into residential structure, civil infrastructure, and non-residential structure. Out of these, the civil infrastructure division dominated the market during the historical period, accounting for a revenue share of more than 55.0% in 2017, and is projected to retain its position during the forecast period. The reason for this is the growing construction of civic infrastructural facilities, such as drainage systems and roads, around the world. The fastest growth is predicted to be witnessed by the non-residential structures during the forecast period.

The research offers the global market size of polymer concrete for the period 2013-2023.

GLOBAL POLYMER CONCRETE MARKET

• By Type – Epoxy, Polyester, Vinyl Ester, and Others
• By Class – Polymer Modified Concrete (PMC), Polymer Resin Concrete (PRC), and Polymer Impregnated Concrete (PIC)
• By Application – Containments & Waste Containers, Pump Bases, Flooring Blocks, Trench Drains, and Others
• By End User – Civil Infrastructure, Non-Residential Structures, and Residential Structures
• By Region – North America, Asia-Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America (LATAM)

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How is Increasing Infrastructure Development Activities Contributing to Asia-Pacific Compressor Market Growth?

The increasing globalization has led to massive improvements in the global economy, especially in the Asia-Pacific (APAC) region. This improvement in the economic growth has motivated the countries in the region to spend more on the infrastructure development. This is evident from the fact that many infrastructure projects are in the pipeline in countries, such as India and China.

One of the major contributors in the infrastructure sector of China is of the transportation sector. For instance, the world’s longest sea bridge, connecting the mainland China to Macau and Hong Kong, was opened by China in October 2017.

In India, more focus is on the development of smart cities, where in 2015, the Indian government launched a smart city mission, in which 100 cities across the country will be developed with all the modern facilities. This, in turn, is driving the demand for air compressors, which are deployed for numerous construction activities and in transport channels, such as tunnels, subways, and bridges.

The Asia-Pacific compressor market is expected to register a 4.0% CAGR in the coming years. Compressors are mechanical devices that increase the pressure of air or a gas by reducing its volume. They find applications in various industries, ranging from food processing and oil & gas to electronics and heating, air conditioning & refrigeration (HVAC).

Compressors are of two types: dynamic displacement and positive displacement. During 2013–2017, the higher demand was for the positive displacement type compressors. These compressors are further divided into reciprocating and rotary.

In the same time period, the demand for the rotary type positive displacement compressors was higher. This type uses rotational motion to compress gases. Rotary compressors include scroll and lobe, vane, and screw type. These are all positive displacement compressors, which are extensively used across various industries, such as industrial manufacturing, automotive, construction, food & beverage, and HVAC-R.

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Low Speed Electric Vehicle Market Demand Globally - Research Report, 2017–2025

The global low-speed electric vehicle (LSEV) market generated $35.2 billion in 2017 and is expected to be valued at $68 billion by 2025, advancing at a CAGR of 8.2% during the forecast period (2018–2025), according to P&S Intelligence. Initiatives and subsidies offered by the government, growing environmental awareness, and decreasing electric vehicle battery costs are some of the reasons for the growth of the market, as such vehicles do not use fuel, hence, produce almost no carbon emissions.

On the basis of product, the low-speed electric vehicle market has been classified into three-wheelers, two-wheelers, and four wheelers. Out of these, two-wheelers led the market in 2017 with more than 90.0% revenue share. The reason for such growth has been the fact that two-wheelers are heavily used by people as a personal transport vehicle, which is why this category is expected to be the fastest growing in the coming years as well.

Now, coming to the type of two-wheeler, the low-speed electric vehicle market is categorized into motorcycle, bike, mono wheel, electric scooter, and kick-scooter. Among all, electric bikes accounted for the largest revenue share in 2017, of more than 50.0%. Though the total revenue generated by motorcycle sales will still be higher in the forecast period, the fastest growth will be witnessed by the scooters. As these are cost-effective and can run at up to 50 kmph, these are expected to drive the market growth in the coming years.

On the global ground, Asia-Pacific (APAC) dominated the low-speed electric vehicle market in 2017 with a contribution of more than 65.0% in revenue as well as sales volume. Here, China is leading the market in terms of the LSEV sales as well as revenue.  The support from the national government and early introduction of LSEVs were the primary reasons behind China leading the market, both on the global and regional grounds. Further, large population and technological advancements also helped in this regard.

Now, one of the major growth drivers for the LSEV market across the world is rising government support in the form of incentives, subsidies, and grants, owing to increasing environmental concerns. Governments, especially of APAC countries, are mainly focusing on making their public transport system electricity-driven. For instance, the Government of India is offering subsidies between $370 (₹25,000) and $910 (₹61,000) under its FAME scheme.

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Conventional passenger carriers heavily affect the environment by causing an increase in air pollution. Many environmental authorities in APAC are spreading awareness on sustainable practices and encouraging people to adopt emission-free electric vehicles. Since, in Asian countries, such as China and India, three-wheelers are heavily used as public transport, replacing conventional ones with electrical variants can really help in curbing air pollution, thus boosting the growth of the low-speed electric vehicle market in the future.

Therefore, it is clear that governments and environmental authorities are playing a significant part in the growth of the market by offering subsidies and spreading awareness on the benefits of such vehicles, respectively.

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North America Electric Scooters and Motorcycles Market to Grow Nearly 30% through 2024

The North America electric scooters and motorcycles market attained a size of $154.8 million in 2018, and it is predicted to progress at a CAGR of 28.4% during the forecast period (2019–2024). The factors driving the growth of the market are government incentives and federal tax credits, low maintenance cost of such vehicles, and emergence of sharing services. Further, the amount of investments being made in e-two-wheeler manufacturing companies is increasing at a significant rate. Electric scooters and motorcycles are scooters and motorcycles that use rechargeable battery for moving.

On the basis of type, the electric bike scooters and market in North America is divided into scooter, kick scooter, and motorcycle. Out of these, in 2018, in terms of volume, the kick scooter category dominated the market. This is ascribed to the growing usage of electric kick scooters for sharing services, as these are eco-friendly, economical, and easy to ride. Furthermore, e-kick scooters, as compared to others, have low operating cost, resulting in an increasing adoption rate of these vehicles, further resulting in its dominance in the historical period.

Coming to the batter capacity, the North American electric scooters and motorcycles sector is classified into more than 15 kWh, 10–15 kWh, 5–10 kWh, and less than 5 kWh. Among these, in 2018, electric scooters and motorcycles with less than 5 kWh battery capacity held the largest volume share in the market, of more than 90.0%. This is attributed to the sudden rise in the demand for kick scooters for sharing services and increase in their usage by individuals, who mostly preferred vehicles powered by batteries with a capacity of less than 5 kWh.

Based on country, the electric scooters and bike market in North America is bifurcated into the U.S. and Canada, of which, the U.S. accounted for a contribution of nearly 85.0% in the market in 2018 in terms of volume. The major factors driving the growth of the sector in the U.S. are the increasing adoption of electric vehicles, government support in the form of financial and non-financial incentives for the acquisition of these vehicles, and a large passenger base. Hence, the growing inclination toward such electric vehicles in the U.S. is predicted to boost the market in North America.

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Currently, the electric scooter sharing service niche is witnessing rapid development and is in a process of evolution. These services have been available in North America since 2012, but only in the last two years, e-scooters emerged in the domain. Such sharing services are an attractive option for shared mobility, as these are easy to operate, compact, and do not ask for any physical exertion. In addition to this, the size of the battery used in these scooters is lesser, compared to other electric vehicles, which makes e-scooters easier to charge.

Therefore, with the emergence of electric scooters in the sharing fleet, the North American electric scooters and motorcycles market is expected to witness significant growth.

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Growing Food & Beverage Industry Driving Extrusion Coating Market

In 2017, the extrusion coating market reached a value of $3,703.8 million and is predicted to advance at a 4.2% CAGR during the forecast period (2018–2023). The rapid economic growth and expanding food & beverage industry are the major factors that are positively affecting the market. The process of applying molten plastic to different types of substrates, including aluminum foil, paper & paperboard, and polymer films, is referred to as extrusion coating. It helps in protecting the substrate or object from grease, water vapor, heat, and moisture.

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When material type is taken into consideration, the extrusion coating market is categorized into ethylene-vinyl acetate (EVA), low-density polyethylene (LDPE), and polypropylene (PP), and others (which include ethylene butyl acrylate, high-density polyethylene, and polyethylene terephthalate). Among these, the LDPE category dominated the market during the historical period (2013–2017), holding a value share of more than 70.0% in 2017, and is predicted to retain its position during the forecast period. The reason for this is the rising requirement for LDPE resins for the production of films that are utilized as bags, materials, and sacks. 

In terms of application, the extrusion coating market is divided into flexible packaging, photographic, liquid packaging, and commercial. Out of these, the liquid packaging division accounted for the largest share of the market during the historical period, contributing more than 40.0% volume share in 2017. The reason for this was the rising utilization of extrusion coating materials in liquid packaging for increasing the stability of various types of semi-solid and liquid food items, including juice, sauce, and milk. The fastest growth is projected to be witnessed by the commercial division during the forecast period.

Among all the regions, namely Middle East and Africa (MEA), Europe, Asia-Pacific (APAC), North America, Latin America (LATAM), and Europe, the APAC region accounted for the major share of the extrusion coating market during the historical period, both in terms of value and volume, and is predicted to dominate the market during the forecast period as well. This is attributed to the growing need for extrusion costing materials for packaging application in several industries, including healthcare, food & beverage, and personal care. 

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The expanding food & beverage industry is a major driving factor of the extrusion coating market. The food and beverage industry is registering growth due to the surging population, rising awareness regarding health, increasing government regulations, and rise in disposable income. Furthermore, the emerging trend of the rising consumption of convenience food, including ready-to-cook, ready-to-drink, and ready-to-cook food items, is also driving the growth of the food & beverage industry. As extrusion coating materials play a vital role in packaging applications in the industry, their demand is increasing as well.

A key trend being observed in the extrusion coating market is the rising use of PP in food & beverage packaging. PP is one of the most important and versatile polymers utilized in packaging applications. It is flexible and tough and be used as a fiber or plastic in different plastic end-use markets. According to the researchers, a PP coating which has a thickness of less than 100 micrometers is considered ideal for food packaging. Due to this, the material is utilized for the packaging of ketchup, yogurt, medicines, and beverages.

Hence, the market is registering significant growth due to the expanding food & beverage industry.

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Declining Prices of Displays Driving the Global Growth of Interactive Display Market

In the education sector, the students and teachers are shifting rapidly toward digital learning. This has been made possible due to technological advancements, which have further made the creation of an interactive classroom easier. Because of these aspects, the demand for interactive display, which is an electronic display that allows the user to control the screen data through digital touchscreen interactions utilizing as stylus pen or their fingertips, is rising in the education sector.

The technology allows teachers to create lessons that are integrated with gamified elements, video clips, mixed media, and other elements with ease and minimum preparation and planning.

Governments of different countries are also becoming more inclined toward improving their educational system by implementing new technologies; this is further driving the requirement for interactive display.

As per a study conducted by P&S Intelligence, the global interactive display market generated a revenue of $9.2 billion and is expected to attain a value of $16.4 billion in 2024, registering a 10.4% CAGR during the forecast period (2019–2024).

The two types of technologies on which interactive displays are based are light-emitting diode (LED) and liquid crystal display (LCD). During 2014–2018, the larger demand was created for LCD interactive displays and the situation is projected to remain the same in the coming years as well.

Different product types of interactive display include interactive whiteboard, interactive flat panel, interactive monitor, interactive table, interactive video wall, and interactive kiosk. The largest demand during 2014–2018 was created for interactive kiosk and the situation is predicted to be the same during the forecast period as well. The reason for this is the rising requirement for customer service and self-service terminals and the growth of the retail industry.

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The fastest growth in demand is expected to be created for interactive flat panel during the forecast period due to its rising requirement in the education sector, primarily in countries including Turkey, the U.S., and China.

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