U.S. Electric Truck Market 2020: Emerging Trends, Revenue Estimation, Global Size and Forecast Report to 2030

 This penetration of electric vehicles in the U.S. is not just limited to passenger vehicles, but commercial heavy duty and light duty vehicles which run on electricity are also being increasingly adopted. Electric trucks have many advantages over traditional fuel-based trucks, such as low operational and maintenance costs, which is why the demand for these trucks in the U.S. is growing. According to a report by P&S Intelligence, in 2019, the U.S. electric truck market reached a value of $211.5 million and is predicted to generate a revenue of $30,335.3 million by 2030, advancing at a rapid pace of 58.2% CAGR during the forecast period (2020–2030).

Electric trucks are of three types, namely heavy-duty truck (HDT), light-duty truck (LDT), and medium-duty truck (MDT). Out of these, the LDTs are predicted to be the most in demand in the coming years. Companies in the domain are targeting fleet owners, who are focusing on reducing their operational expenditure, and are offering them electric variants of pickup trucks. These trucks have different ranges— 0–150 miles, 151–250 miles, 251–500 miles, and >500 miles. Electric trucks in the range of 151–250 miles were the most in demand in 2019, as the preference of class I and II trucks is high.

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In addition to this, trucks having higher range have not yet been able to address issues such as long charging time, high battery weight, and low battery energy density. In terms of propulsion, there are four types of electric trucks, namely fuel cell electric vehicle (FCEV), battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV). BEVs were most in demand in the past, which can be ascribed to the rising government support in the form of incentives. Moreover, companies in the domain are collaborating with battery manufacturers to bring down the battery cost further and increase their energy density and life span.

Electric trucks have applications in logistics and municipal sectors. The logistics sector created the larger demand for electric trucks in the U.S. in 2019, owing to the swift growth of the e-commerce, retail, and manufacturing industries in the country. Furthermore, the logistics sector itself is registering significant growth in the U.S., which is contributing to the growth of the U.S. electric truck market. As the demand for faster and more convenient deliveries is growing, logistics companies are electrifying their fleet for optimizing operations.

Hence, the demand for electric trucks in the U.S. is rising due to the decreasing battery costs and expanding logistics sector.

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Demand for Shower Glass Doors to Rise in Asia-Pacific

The world has changed a lot since the past few years and with it the priorities of people have changed as well. Since items that were once considered luxurious are now available at cheaper prices, along with the rise in the disposable income of people, the demand for products such as shower glass door has increased. These doors are fixed in bathrooms for preventing water from coming outside the bathtub or the shower. Shower glass door further increase the aesthetic appeal of washroom, which is why they are widely being used in modern washrooms.

Due to all these factors, the global shower glass door market is predicted to register considerable growth in the years to come. The rapid urbanization across the globe is also a major factor that has led to the rising demand for shower glass doors. People are increasingly migrating from rural to urban areas, as a number of facilities are available at such places. This is further resulting in the growth of the real estate industry, as a larger number of people are now looking for personal houses. The growth of the real estate industry is positively affecting the demand for shower glass doors.

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These days, shower glass door are also available at online platforms, which is why people can get these products easily. The surging penetration of internet and smartphones is leading to the growing adoption of online retailing platforms all across the globe. Online retailing channels are becoming the key distribution channels for home improvement and decoration items, such as shower glass doors. The rising penetration of this distribution channel is further opening up wide opportunities for the new companies entering in the domain, thereby leading to the growth of the shower glass door market.

When type is taken into consideration, the market is divided into framed and frameless, between which, the frameless category held the larger share of the market in the past and is further expected to contribute the largest revenue share to the market in the coming years as well. This is due to the fact that frameless heavy shower glass doors are considered a contemporary design trend. These doors provide bathrooms with a luxurious and spacious look, owing to which, people are increasingly opting for these doors.

Frameless shower glass doors are further ideal for small bathrooms, as they take less space than framed shower glass doors. These doors are further made up of denser materials, which means that the number of elements that may break is lesser than that of framed shower glass doors. Geographically, Asia-Pacific is projected to register the fastest growth in the shower glass door market in the coming years, as stated in a report by P&S Intelligence. This is because of the rising awareness regarding brands and increasing preference for high-end products in the region. In addition, the improving economic situation of various countries in the region is also driving demand for these products.

In conclusion, the demand for shower glass doors is growing due to the rapid urbanization and increasing disposable income of people.  

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Demand for Food Coating Ingredients Set to Soar in Asia-Pacific (APAC) in Coming Years

 In recent times, there has been a sharp rise in the consumption of ready-to-eat food items and fast foods, which has tremendously boosted the requirement for food coating ingredients across the world. Moreover, the rising urbanization and the busier lifestyles of people are further pushing up the demand for ready-to-eat food items such as savory snacks, confectionery and bakery products, nutrient bars, and cereals which is, in turn, bolstering the sales of food coating ingredients throughout the globe. This is because the food coating ingredients are widely used for limiting the contact between the food and the outside environment. 

Apart from the growing consumption of convenience foods, the increasing popularity of processed food items is also boosting the need for food coating ingredients as these ingredients play a major role in preserving these food items. In addition to this, the soaring consumption of poultry and meat products is fueling the requirement for these ingredients, on account of the fact that these coatings help in preventing adhesion, disintegration, and agglomeration of the food products.

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Fats and oils, cocoa and chocolates, spices and seasoning, batter and crumbs, flours, sugars and syrups, hydrocolloids, and starches are the most commonly used types of food coating ingredients all over the world. Out of these, the utilization of the cocoa and chocolates coating ingredients was recorded to be considerably high during the last few years. This is ascribed to the high requirement for chocolate and cocoa coatings in a plethora of food items such as confectionery products, convenience foods, and bakery products.

Globally, the Asia-Pacific (APAC) food coating ingredients market is predicted to be very lucrative in the forthcoming years. This is because of the ballooning requirement for processed foods, increasing population, rising disposable income, and changing lifestyles of the people living in the various APAC countries. The sales of food coating ingredients will rise considerably in China, Australia, and India in the years ahead mainly due to the increasing consumption of fast foods and ready-to-eat food products in these countries.

Hence, it can be safely predicted that the sales of food coating ingredients will rise steeply all over the world in the upcoming years, primarily because of the growing consumption of processed foods, ready-to-eat items, and confectionery products and the increasing requirement for food protection agents in many countries around the world.

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How is Rising Prevalence of Hospital-Associated Infections Fuelling the Progress of Global Disinfectors Market?

One of the major factors propelling the demand for disinfects is the soaring geriatric population level across the world. As per the United Nations, the total population of people aged 60 years and above is increasing at a rapid pace and it is expected to reach 1.4 billion by 2030. As the elderly people are more vulnerable to infections such as antibiotic-resistant staphylococcus infections, diarrheal diseases, and urinary tract infections (UTIs), their increasing population will fuel the growth in the demand for disinfectors, which are used in the decontamination of medical instruments and tools and in various surgical procedures.

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Owing to the burgeoning usage of disinfectors in healthcare settings for removing toxic residue from medical devices, the demand for disinfectors will increase at a rapid rate in future, across the globe. In a majority of healthcare settings, invasive devices such as ventilators and catheters are used for performing procedure where the risk of infections is very high, thereby promoting the usage of disinfectors. Additionally, the increasing prevalence of various healthcare-associated infections (HAIs) such as central line-associated bloodstream infections (CLABSI) and catheter-associated urinary tract infections (CAUTI) is further boosting the demand for disinfectors across the globe.

Due to the above-mentioned factors, the global disinfectors market is expected to register huge growth in the coming years. Disinfectors are mainly used for disinfecting (semi-sterilizing) stainless steel furniture of operating rooms, medical instruments, and central sterile services departments (CSSD). These disinfecting devices are available in a wide array of designs and come equipped with numerous features. They are extensively used for washing, drying, rinsing, and disinfecting surgical instruments and bedpans, medical utensils, endoscopes, and other devices and tools used in various healthcare settings.

Hence, it is clear that the demand for disinfectors will surge in future, primarily due to the rising need for contamination-free healthcare devices and instruments in various healthcare settings and rising awareness regarding HAIs and hygiene.

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Deep Learning Market Growth Rate, Developments In Major Areas, Market Size, Dynamics, Opportunities, & Forecast With Demographic Data Till 2030

The global deep learning market attained a valuation of $3.7 billion in 2019 and is predicted to generate a revenue of $102.4 billion in 2030, advancing at a CAGR of 35.2% from 2020 to 2030. Out of all the industries, the healthcare industry will observe the highest adoption of deep learning solutions in the future years. 

This is ascribed to the growing integration of various advanced technologies such as big data, machine learning (ML), and deep learning in the healthcare applications, mainly to support the medical researchers and professionals in data collection and analysis for improved medical outcomes. 

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A major trend currently being observed in the deep learning market is the increasing incorporation of deep learning solutions in the medical industry. These solutions help healthcare researches gain better insights into the medical properties and benefits of various drugs and compounds. In addition to this, this technology helps the caregivers better analyze the medical history of patients so that the best treatment plans can be prescribed to them. 

Moreover, these solutions can also be incorporated along with various medical imaging methods such as CT scans, ECG, and MRI scans for the effective diagnosis of many critical diseases and disorders, which, in turn, helps in the better treatment of these diseases.

Under the component segmentation of the deep learning market, the main categories are hardware, software, and service. Out of these, the software category will demonstrate the fastest growth in the market in the coming years. This is attributed to the growing adoption of scalable deep learning solutions and software by businesses for signal recognition, image recognition, voice assistance, and various other applications. 

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The image recognition category recorded the highest growth under the application segmentation of the deep learning market during the last few years. This is ascribed to the enormous requirement of deep learning solutions in image recognition applications, on account of their ability to assist users in the detection and identification of objects and analysis of digital images. 

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Why will Demand for Animal Healthcare Swell in Asia-Pacific (APAC) in Coming Years?

Since the last few years, there has been a tremendous rise in milk and meat consumption across the globe. This is mainly due to the increasing population, rising per capita income of people, and changing lifestyle choices. In addition to this, the increasing public awareness of health and nutrition and the rising popularity of healthy eating habits have caused a drastic surge in the consumption of various protein-rich foods such as milk, meat, and eggs. These factors have led to a tremendous rise in animal farming, which has, in turn, pushed up the requirement of proper animal healthcare methods.

The other major factors propelling the demand for animal healthcare solutions are the increasing requirement of meat in countries such as China, the U.S., Brazil, and Japan and the rising concerns raised over the transmission of various animal diseases to human beings. Apart from these factors, the mushrooming adoption of pets is also boosting the demand for proper animal healthcare techniques. Pet adoption is rapidly becoming very popular in many countries, mainly because of the ability of the companion animals to provide emotional comfort and happiness to their human friends.

“According to an American Pet Products Association 2008 survey, dog and cat owners in the U.S. were observed to be healthier and happier, as compared to non-pet owners. Moreover, Americans spent over $69.5 billion on their pets in 2017”. Due to these factors, the global animal healthcare market is predicted to exhibit substantial growth in the forthcoming years. The market is divided, on the basis of product, into vaccines, anti-inflammatories, anti-infectives, parasiticides, and feed additives. Amongst these, the feed additives category had the highest share in the market, generating a revenue of more than 40% in 2017.

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The feed additives category will hold the highest share in the animal healthcare market in the future years, due to the increasing production of feed and the rising consumption of various animal-derived food items and products across the world. Animal healthcare is required by both companion and farm animals. Between the two, the adoption of animal healthcare solutions was found to be higher for farm animals during the last few years. This is ascribed to the large-scale adoption of these animals for meeting the high customer demands forvarious animal-sourced food items all over the globe.

Globally, the Asia-Pacific (APAC) animal healthcare market will be the most lucrative in the years to come, as per the forecast of P&S Intelligence, a market research company based in India. China is predicted to register the fastest growth in the APAC market over the next few years, owing to the increasing requirement of animal-based food items and the surging livestock population in the country. The country was the largest livestock producer and consumer in the world in 2016, with a livestock population consisting of over 400 million goats, sheep, and cattle.

Hence, as the demand for animal-based food items and other products increases all over the world, the requirement of animal healthcare methods and solutions will also surge throughout the world in the coming years. 

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Why will Sales of Dry Shampoo Boom in Asia-Pacific (APAC) in Future?

Dry shampoo is basically a type of shampoo that reduces the greasing of hair and cleans it without requiring much water. It is usually available in two forms namely aerosol spray and powder. The shampoo absorbs the oil and grease present in the hair and on the scalp and makes the hair look fresh and shiny. There has been a rapid expansion of the global dry shampoo industry over the last few years, mainly because of the increasing popularity of the product, especially amongst the working-class people because of its lower water requirements.

Working-class people need regular hair washes, as they usually work in dry and dusty work areas and frequently travel between different places. The regular usage of liquid shampoo will make their hair weak and dull. Furthermore, the increasing consciousness amongst people regarding looks and appearance has created a huge requirement of alternative hair care solutions such as dry shampoos. This shampoo eliminates the need for frequent hair washes, which generally lead to hair loss and scalp problems, and add texture and volume to the hair.

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Apart from eliminating the need for frequent hair washes, dry shampoo also acts as an instant hairstyling solution that allows users to reduce the time taken for washing and styling their hair. Furthermore, the development of dry shampoo products such as tinted dry shampoo, glitter dry shampoo, and dry shampoo texture sprays is massively contributing toward the soaring popularity of dry shampoo all over the world. In addition to this, the growth of many e-commerce platforms and the aggressive advertising campaigns launched by the dry shampoo producing companies are also boosting the sales of these products throughout the world.

The rising public awareness of the harmful effects of chemical hair solutions and the easy availability of various dry shampoo products on e-commerce platforms are the other important factors responsible for their surging sales across the world. Nowadays, people are preferring to use natural hair care products over chemical-based ones. Hence, with the growing usage of these products, the global dry shampoo market will exhibit rapid progress in the forthcoming years.

Gluten free, all natural, and paraben free are the most commonly used types of dry shampoo around the world. Out of these, the usage of the paraben free shampoo was found to be the highest in 2016. Moreover, the sales of these products are predicted to be rise steeply in the coming years. Based on form, the dry shampoo market is divided into powder and spray categories. Of these, the spray category registered higher growth in the market over the last few years and is predicted to record higher growth in the future years as well.

The popularity of the spray dry shampoos has increased tremendously in recent times. This is because of the ability of these products to make the hair look stylish and shiny without washing. Moreover, these products are very handy and simple to use and are thus rapidly replacing the conventional shampoos. Globally, the highest usage of dry shampoo products was observed in North America in the past. However, in the coming years, the Asia-Pacific (APAC) dry shampoo market will be the most lucrative, according to the forecast of the market research firm, P&S Intelligence.

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The main factors driving the advancement of the market in the APAC region are the increasing requirement of anti-hair fall and anti-dandruff dry shampoos, the rapid expansion of the cosmetics and hair care industry, the rising usage of hair care and styling products, and the swift growth of many retail channels in the region. In addition to this, the region is witnessing a drastic shift in fashion trends, which is contributing heavily toward the surge of the market in the region.

Hence, the market will demonstrate stable growth in the coming years, primarily due to the various advantages of dry shampoo over regular shampoo and the increasing requirement of advanced hair care and styling products across the world.

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