E-Commerce in Automotive Aftermarket to reach a value of $292.6 Billion by 2030

According to a report by P&S Intelligence, the global e-commerce in automotive aftermarket is predicted to generate a revenue of $292.6 billion by 2030, and is expected to witness a robust growth, of 23.3% CAGR, during the time period 2020–2030. This is due to the rising customer awareness regarding several vehicles parts and their specifications and convenience, growth of the overall automotive aftermarket, increasing number of do-it-yourself (DIY) customers, growth in average age of vehicles, and surging number of road accidents.

On the basis of channel, the e-commerce in automotive aftermarket is divided into direct-to-consumer and third-party retailer, between which, the latter division held the larger share of the market during 2014–2019 and is predicted to account for the highest revenue share in the coming years as well. This can ascribed to the increasing penetration of aftermarket sales operations by e-tailing companies, such as eBay Inc., Amazon.com Inc., and Alibaba Group Holding Ltd.

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In terms of component, the e-commerce in automotive aftermarket is categorized into drive transmission and steering parts, engine parts, equipment, suspension & braking parts, electrical parts, and miscellaneous parts. The equipment category is projected to register the fastest growth in the near future, owing to the growing number of DIY customers in the domain and the increasing requirement for the installation of accessories and parts that are intended to enhance the performance of the vehicles, improve the look, add comfort, and add more functions.

When geographical scenario is considered, the Asia-Pacific (APAC) region accounted for the major revenue share of the e-commerce in automotive aftermarket during 2014–2019, and the region is also projected to witness the highest CAGR in the years to come. This is due to the surging sales of automobiles in developing countries. Moreover, the increase in the gross domestic product and rise in disposable income of people are also leading to the growth of the market in APAC.

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The players operating in the e-commerce in automotive aftermarket are engaging in partnerships with each other for enhancing their presence in the industry. For example, Alibaba Group Holding Ltd. entered into a partnership with FAW Group in January 2020, with the aim of creating next generation intelligent connected vehicles in China. Under the agreement, FAW Group will make use of the former company’s open mobility platform, Banma Network Technology.

The major companies in the e-commerce in automotive aftermarket are Robert Bosch GmbH,DENSO CORP., Delphi Technologies PLC, ZF Friedrichshafen AG,Valeo SA, Continental AG, Amazon.com Inc., HELLA GmbH & Co. KGaA, Meritor Inc., eBay Inc., U.S. Auto Parts Network Inc., AutoZone Inc., Alibaba Group Holding Ltd., BuyAutoParts.com, Advance Auto Parts Inc., and Genuine Parts Co.

 

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What are Key Factors Responsible for Growth of Global Sterilization Equipment and Disinfectants Market?

One of the major factors fuelling the rise in the demand for sterilization equipment and disinfectants is the surging prevalence of chronic diseases and ailments, requiring surgeries, across the world. For instance, cancer kills 9.6 million people and heart diseases 17.9 million each year, according to the World Health Organization (WHO). The geriatric population is growing at a rapid rate in several countries too, and this is leading to a huge rise in preventive screenings, surgeries, and different medical tests. Moreover, there have been major technological advancements in the healthcare sector, which have propelled the volume of surgeries, thereby pushing the demand for sterilization equipment and disinfectants.

The other important factor boosting the demand for such products is the increasing awareness regarding sanitation and hygiene in healthcare settings, such as clinics, clinical laboratories, and hospitals and their important contribution toward preventing the outbreak and spread of diseases in these settings. For instance, the Hospital-Acquired Condition Reduction Program (HACRP) in the U.S has provisions for imposing severe financial penalties on hospitals if they are unable to stop the occurrence and spread of preventable healthcare-related infections, such as central line-associated bloodstream infection (CLABSI) and catheter-associated urinary tract infections (CAUTI).

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Due to the above-mentioned factors, the global sterilization equipment and disinfectants market is expected to witness huge growth in the coming years. Disinfecting agents and sterilization equipment are commonly used in the decontamination process. While sterilization kills microorganisms, such as viruses (such as COVID-19), fungi, spores, and bacteria, disinfectants reduce/eliminate microorganisms and their ability to spread diseases. These equipment and chemicals are widely used in the food & beverage, healthcare, and pharmaceuticals industries for killing disease-spreading microbes and maintaining proper cleanliness and hygiene.

Globally, North America recorded the highest usage of sterilization equipment and disinfectants in the past, mainly due to the presence of well-developed healthcare infrastructure and strict patient safety regulations in the region. The demand for both these types of products is expected to be considerably high in the Asia-Pacific (APAC) region in future, owing to the rising focus toward the prevention of various healthcare-related infections. The increasing need for healthcare services is expected to further boost the growth of the sterilization equipment and disinfectants market in the region in the coming years.

Therefore, it is clear that owing to the increasing awareness regarding hygiene and sanitation in healthcare settings, rising prevalence of chronic diseases, and burgeoning number of surgical procedures, the demand for sterilization equipment and disinfectants will increase at a rapid rate in future.

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Automotive Software Market Analysis, Competitive Share and Growth Forecast to 2030

According to a report by P&S Intelligence, the global automotive software market is predicted to reach a value of $78,894.2 million by 2030, progressing at a 12.4% CAGR during the time period 2020–2030. The market is registering growth due to the rising research and development for autonomous driving, increasing requirement for connected cars, and emergence of innovative user interface technologies. The current COVID-19 outbreak through, is projected to have negative impact on the market, as various manufacturing facilities have been shut down.

When vehicle type is taken into consideration, the automotive software market is divided into commercial vehicle and passenger car. Between these two, the commercial vehicle division is expected to register the higher CAGR in the coming years, which can be attributed to the increasing requirement for telematics solutions and enhanced infotainment features for commercial vehicles.

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Geographically, Asia-Pacific is predicted to dominate the automotive software market in 2030. The demand for autonomous and electric vehicles in the region has been growing significantly, and these vehicles depend largely upon software. The region accounts for the largest share of the global electric vehicles market, with China leading the regional market. About 1.1 million plug-in electric cars were sold in China in 2019.

The major players in the automotive software market include Robert Bosch GmbH,Airbiquity Inc., NXP Semiconductors N.V., Renesas Electronics Corp., Microsoft Corp., BlackBerry Ltd., NVIDIA Corp., Green Hills Software LLC, Continental AG, Alphabet Inc., Intellias Ltd.,CloudMade, Connexion Telematics Ltd., Harman International Industries Inc.,GlobalLogic Inc., KaaIoT Technologies LLC, NORDSYS GmbH, SAP SE, Ignite Ltd., Elektrobit Automotive GmbH, Vector Informatik, Wind River Systems Inc., Apple Inc., Sigma Software Group,RightwareOy, Luxoft Holding Inc., AImotive Ltd.,  Autonet Mobile Inc., KPIT Technologies Ltd., and Saferide Technologies Ltd.

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Know About Covid-19 Impact on Salesforce Services Market | Insights on Size, Share, Demand, Trends & Key Players

In 2019, the global salesforce services market reached $9,124.2 million and is expected to generate $55,307.6 million by 2030, advancing at a 18.9% CAGR during the forecast period (2020–2030). The different services offered by salesforce include execution, system management, and planning. The largest demand was created for system management services in the past due to the rising requirement for salesforce monitoring. The service provides smart alerts to support teams for predicting and preventing major issues related to CRM applications.

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Salesforce is basically a customer relationship management solution (CRM) platform which provides all the departments of an enterprise, including service, commerce, sales, and marketing, a single, shared view of every customer. A number of industries make use of these salesforce services including government, banking, financial services, & insurance (BFSI), retail & e-commerce, healthcare, manufacturing, and information technology & telecom. 

The demand for salesforce services was the highest in the BFSI industry in the past, owing to the fact that the BFSI sector needs to focus on customer engagement through digital applications and improved payment services. In the industry, the services help the insurance agents and bankers by offering a complete 360-degree view of customer data, including service inquiries and accounts, thereby allowing enterprises to make informed decisions.

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In order to achieve this, enterprises are increasingly making use of new technologies such as service cloud, which allows them to automate service processes, find key topics, articles, and experts for supporting agents, and streamlining workflows. Service cloud helps businesses to build one-to-one marketing relationships with every customer, on any device, and across multiple channels. The integration of service cloud with salesforce further aids in improving the customer management.

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Changes in Consumer Behaviour During COVID-19 Outbreak May Affect Growth of Commercial AC Market

The prominent trend presently being witnessed in the commercial AC market is the burgeoning usage of refrigerants having low global warming potential (GWP). Currently, the most commonly used refrigerants in the commercial air-conditioners are R22, R404A, and R507. These refrigerants are based on chlorofluorocarbons (CFC) and hydrochlorofluorocarbons (HCFC). However, owing to global warming and the large-scale environmental degradation caused because of the widespread use of these refrigerants, they are being rapidly replaced by the R32 and other refrigerants having low GWP. 

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Geographically, the Asia-Pacific (APAC) region is expected to observe the fastest rise in the sales of commercial air-conditioners during the forecast period. This is mainly attributed to the fact that this region is home to the largest construction sector in the world. In addition to this, the high average temperatures in the region and the increasing disposable income of the people in various APAC countries such as India and China is generating huge demand for cooling appliances, especially for use in the commercial buildings. 

The increasing disposable income of people and growing travel and tourism activities are the other important factors propelling the demand for commercial air-conditioners across the globe. Due to these factors, the volume of sales of commercial air conditioners (AC) is expected to rise from 17.6 million units in 2019 to 25.4 million units by 2030. The global commercial AC market is predicted to exhibit a CAGR of 3.5% during the forecast period (2020–2030).

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Hence, it is clear that the demand for commercial air-conditioners will skyrocket throughout the globe, in the coming years, mainly on account of the increasing number of construction and infrastructural development activities and the thriving hospitality sector across the world.

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How is Increasing Prevalence of Autoimmune Diseases Fuelling Growth of Global Plasma Fractionation Market?

The surging incidence of autoimmune diseases is one of the major factors fuelling the demand for plasma fractionation across the world. According to the facts provided by the National Institute of Environmental Health Science (NIEHS), over 23.5 million people were found to suffer from rare autoimmune diseases in the U.S. in 2018. Furthermore, NIEHS supports the data given by the clinical research institutes regarding the way the environmental factors and immunity combine together and compromise the ability of the body to defend itself from autoimmune diseases.

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The increasing occurrence of immunodeficiency diseases amongst the people throughout the world is another major factor causing the soaring adoption of plasma fractionation procedures across the world. The major immune diseases having a high occurrence rate all over the world are multiple sclerosis, primary immunodeficiency diseases (PIDD), and immune thrombocytopenia purpura. According to the reports of the Immune Deficiency Foundation, almost 250,000 people were found to suffer from PIDD in 2018.

The other important factors propelling the requirement of plasma fractionation procedures are the soaring geriatric population in several countries that are highly vulnerable to many rare diesases, increasing utilization of immunoglobulins in the medicinal domain, and ballooning number of plasma collection facilities across the world. Due to these factors, the global plasma fractionation market is expected to register exponential growth in the upcoming years. Plasma fractionation is basically defined as the process of separating the different components of blood plasma.

Therefore, it can be concluded that the demand for plasma fractionation procedures will shoot-up all over the world in the years to come, due to the rising prevalence of chronic diseases, immunodeficiency diseases, and autoimmune diseases and the rising geriatric population across the world.

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What are Major Factors Responsible for Growth of Global Transplant Diagnostics Market?

The increasing prevalence of liver and kidney failure cases is one of the most important factors driving the surge in the demand for transplant diagnostics solutions across the world. In addition to this, the soaring initiatives being taken by the private and public companies throughout the world are tremendously boosting the adoption of transplant diagnostics technologies in healthcare settings across the globe. Furthermore, the increasing healthcare expenditure in several countries around the world is another important factor contributing toward the growing adoption of transplant diagnostics solutions.

Due to the above-mentioned factors, the global transplant diagnostics market size is expected to exhibit rapid progress in the forthcoming years. There has been a huge rise in the popularity of transplant diagnostics solutions amongst the medical practitioners and patients all over the world over the last few years, mainly because of the fact that proper diagnosis before transplantation procedures is extremely necessary for prescribing accurate medicine to the patients and for preventing graft rejection such as antibody-mediated rejection (ABMR) and T cell-mediated rejection (TCMR).

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The biggest application areas of the transplant diagnostics procedures are— heart transplantation, kidney transplantation, and liver transplantation processes. Out of these, the kidney and liver transplantation procedures are predicted to register higher adoption of transplant diagnostics solutions over the next few years. This is mainly attributed to the rising number of kidney and liver failure cases across the world. As per the Centers for Disease Control and Prevention (CDC), the share of the people who have received kidney transplants in the U.S. was almost 50% of the population of the country in 2017.

Across the globe, North America registered the highest demand for transplant diagnostics procedures in the last few years. The major factors responsible for the rapid expansion of the transplant diagnostics market in North America in the past are the presence of leading transplant diagnostics solutions providing companies, huge healthcare expenditure, and wide-scale incorporation of technologically innovative devices and instruments in healthcare settings for performing renal and liver transplant operations. As per the CDC, 19,355 people had kidney transplant operations in the U.S. in 2016.

Thus, it can be said with certainty that the demand for transplant diagnostics solutions will escalate all over the world in the years ahead, on account of the rising incidence of liver and kidney failure cases, mushrooming utilization of technological advanced instruments in healthcare settings, and improving healthcare infrastructure in many countries around the world.

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