Global Home Fragrances Market to Surpass $ 9 Billion by 2024

Rising awareness and aspirations towards hygienic lifestyle coupled with increasing disposable income to drive global home fragrances market through 2024

According to TechSci Research report, “Global Home Fragrances Market By Product Type, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024”, home fragrances market, globally, is projected to reach $ 9.4 billion by 2024, as they create a favorable environment at home. Moreover, launch of new aesthetically pleasing products, personalization of the products and usage of natural ingredients in the products are expected to boost demand for home fragrances during forecast period. S. C. Johnson & Son, Inc., Reckitt Benckiser Group plc (RB) and The Procter & Gamble Company are among the major players operating in global home fragrances market.

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 In terms of distribution channel, global home fragrances market has been categorized into store-based retail and non-store-based retail. Of these, store-based retail segment accounted for majority market share in 2018 and is likely to maintain its leading market dominance in coming years. The non-store-based retail segment is anticipated to register growth during 2019-2024, owing to growing popularity of the e-commerce market. Moreover, e-commerce and technology are transforming this category with new user experiences, where luxury brands and small start-ups alike are racing to embrace e-commerce, making this channel even stronger.
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Asia-Pacific region is expected to grow at the fastest rate in global home fragrances market during the forecast period, owing to increasing awareness about leading a hygienic lifestyle. India, China and Japan are the major markets for home fragrances in the Asia-Pacific region. Rising middle-class population and growing disposable income in these countries are few of the major factors contributing to the region’s home fragrances market growth. Moreover, growing e-commerce market, owing to more than ever increasing internet penetration in the region is likely to aid the market growth.
“Growing inclination towards a hygienic lifestyle and favorable home environment is driving the global home fragrances market. Increasing disposable income in Asia-Pacific is leading to lifestyle changes. All the aforementioned factors are expected to offer growth opportunities to players operating in global home fragrances market over the course of next five years.”, said, Mr. Karan Chechi Research Director with TechSci Research, a research-based global management consulting firm.
“Global Home Fragrances Market By Product Type, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global home fragrances market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global home fragrances market.
Global Home Fragrances Market Covered Following country Market :

1. Europe Home Fragrances Market
2. United Kingdom Home Fragrances Market
3. France Home Fragrances Market
4. Germany Home Fragrances Market
5. Italy Home Fragrances Market
6. Russia Home Fragrances Market
7. Netherlands Home Fragrances Market
8. North America Home Fragrances Market
9. United States Home Fragrances Market
10. Canada Home Fragrances Market
11. Mexico Home Fragrances Market
12. Japan Home Fragrances Market
13. China Home Fragrances Market
14. Australia Home Fragrances Market
15. South Korea Home Fragrances Market
16. India Home Fragrances Market
17. Saudi Arabia Home Fragrances Market
18. South Africa Home Fragrances Market
19. UAE Home Fragrances Market
20. South America Home Fragrances Market
21. Brazil Home Fragrances Market
22. Argentina Home Fragrances Market
23. Colombia Home Fragrances Market

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United States to Dominate North America Used Truck Market until 2024

Low-cost of used trucks and growing construction activities to fuel North America used truck market through 2024

According to TechSci Research report, “North America Used Truck Market By Tonnage Capacity, By Fuel Type, By Application, By Country, Competition, Forecast & Opportunities, 2014 – 2024”, North America used truck market is projected to grow at a CAGR of around 7% during the forecast period, backed by low cost of used trucks. Fleet owners need more trucks to handle huge freight demand, owing to growing construction activities across the region, which is bolstering the growth of used trucks. Buyers are focusing on truck specifications, technologies available and overall appearance of the truck before purchasing used trucks.

In terms of tonnage capacity, above 30 tons segment dominated the market in 2018 with a one-third share and the trend is expected to continue during the forecast period. In terms of fuel type, diesel is the preferred fuel, as it offers high torque and high fuel economy. United Stated accounted for the largest share in North America used truck market and is expected to continue its market dominance in coming years, on the back of high demand for transferring goods.

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Major players operating in North America used truck market are Ford Motor Company, Freightliner Limited, AB Volvo, Navistar International Corporation, Isuzu Motors Ltd., etc. Companies operating in the market are adopting organic and inorganic strategies such as product launch, investments & expansions and agreements & contracts to ensure growth in the market. In 2019, Ford Motor Company and Volkswagen AG formed an alliance to develop a commercial vehicle for the global market. The two companies will also explore for opportunities in electric and autonomous vehicle segments

“A used truck model is a great substitute for a new truck that might not be obtainable due to high demand in the market. Mining and logistics are the major application segments in the North America used truck market. Due to damages caused by the extreme weather in 2017, high freight demand in the US and increasing construction activities, the region’s used truck market is expected to witness brisk growth through 2024.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“North America Used Truck Market By Tonnage Capacity, By Fuel Type, By Application, By Country, Competition, Forecast & Opportunities, 2014 – 2024” has evaluated the future growth potential of North America used truck market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in North America used truck market.

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About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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South America Automotive Forging Market to Cross $ 1.3 Billion by 2023: TechSci Research

Increasing passenger car sales, technological advancements, and growing automation and number of pre-forming units to drive South America automotive forging market through 2023

 

According to TechSci Research report, “South America Automotive Forging Market By Vehicle Type, By Material Type, By Application, By Country, Competition Forecast & Opportunities, 2013 – 2023”, the automotive forging market across South America is projected to reach $ 1.3 billion by the end of 2023, backed by growing construction and industrial sectors coupled with rising vehicle production. Technological advancements, increasing demand for advanced components and decreasing raw material costs are also anticipated to fuel the region’s automotive forging market during the forecast period. Some of the major players operating in the region are Bharat Forge Limited, Thyssenkrupp AG and CIE Automotive, S.A.  

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Brazil is the largest market for automotive forging in South America, owing to increasing vehicle population, backed by expanding base of consumers and rise in per capita income in the country. Moreover, road infrastructure development and government initiatives towards promoting the use of public transport in the country is driving both passenger car and commercial vehicle segments, which in turn is fueling the Brazil automotive forging market. Backed by huge sales of passenger cars in the region, this vehicle segment is expected to continue dominating the South America automotive forging market during forecast period.    

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“Growing focus of the automakers towards producing lighter vehicles without comprising on their integrity, along with increasing preference of consumers towards high performance vehicles, which require complex structures of forged components, is likely to aid growth in the South America automotive forging market over the next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“South America Automotive Forging Market By Vehicle Type, By Material Type, By Application, By Country, Competition Forecast & Opportunities, 2013 – 2023” has analyzed potential of automotive forging market across the region, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the South America automotive forging market.

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About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

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