Southeast Asia PPE Market Is Expected To Witness Revenue Growth At A CAGR Of 8.0% from 2018 to 2025: Grand View Research Inc.

San Francisco, 20 March 2019: The Report Southeast Asia Personal Protective Equipment (PPE) Market Size, Share & Trends Analysis Report By Product (Head, Eye & Face Protection, Respiratory Protection, Protective Clothing), And Segment Forecasts, 2019 - 2025

The Southeast Asia personal protective equipment market size is expected to reach USD 2.10 billion by 2025 expanding at a CAGR of 8.0%, according to a new report by Grand View Research, Inc. Growing awareness regarding workers’ safety owing to several cases of occupational accidents is projected to drive the Southeast Asia PPE market. Wide usage of PPEs in the production of protective clothing in a variety of industries will boost the industry growth. Rising need to avoid workplace accidents in industries, such as chemical production, manufacturing, and oil & gas, is expected to propel the market development.

Increasing preference for comfortable and lightweight protective wear without compromising operability is also contributing to the industry expansion. Moreover, popular trend of installing wearable technology gadgets in PPEs to monitor the operating environment is expected to drive the industry further. PPE production is highly capital-intensive due to complex manufacturing methods and high costs of raw materials. Thus, initial capital investment is expected to be a major entry barrier for new participants, on account of which, the threat of new entrants is expected to remain low.

Access Research Report of Southeast Asia PPE Market @ https://www.grandviewresearch.com/industry-analysis/southeast-asia-personal-protective-equipment-ppe-market

Further key findings from the study suggest:

·       Fall protection segment is expected to witness the highest CAGR of 9.0% from 2018 to 2025 due to rising application scope in various industries including construction and oil & gas

·       Chemical defending apparel emerged as the largest protective clothing application segment owing to high demand from chemical and petrochemical industries

·       Aramid fiber and blends-based mechanical protective clothing is expected to emerge as the fastest-growing material segment due to high demand for such clothing from manufacturing and construction industries

·       The industry in Vietnam is estimated to witness the fastest CAGR over the forecast period owing to rapidly developing manufacturing and construction industries

·       Key industry players have resorted to integration across the value chain in a bid to reduce the production cost for PPE, which is expected to emerge as the defining trend over the next few years

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/smart-textiles

Grand View Research has segmented the Southeast Asia Personal Protective Equipment (PPE) market on the basis of product, end use, and region:

Southeast Asia PPE Product Outlook (Revenue, USD Million, 2014 - 2025)

·         Head, Eye & Face Protection

·         Hearing Protection

·         Protective Clothing

·         Respiratory Protection

·         Protective Footwear

·         Fall Protection

·         Hand Protection

·         Others

Southeast Asia PPE End Use Outlook (Revenue, USD Million, 2014 - 2025)

·         Construction

·         Manufacturing

·         Oil & Gas

·         Chemical / Petrochemical

·         Food & Beverage

·         Healthcare / Pharmaceuticals

·         Transportation

·         Mining

·         Others

Southeast Asia PPE Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         Singapore

·         Vietnam

·         Malaysia

·         Indonesia

·         Thailand

·         Rest of Southeast Asia

Access Press Release of Southeast Asia PPE Market@ https://www.grandviewresearch.com/press-release/southeast-asia-personal-protective-equipment-ppe-market-analysis

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Smart Label Market Hit at a Highest CAGR of 14.7% from 2016 to 2025: Grand View Research Inc.

San Francisco, 20 March 2019: The Report Smart Label Market Analysis By Technology (EAS, RFID), By Component (Transceivers, Memories), By Application (Retail Inventory, Perishable Goods), And By End-user (Healthcare & pharmaceutical, Logistic), And Segment Forecasts, 2018 - 2025

The global smart label market is expected to reach USD 16.12 billion by 2025, according to a new report by Grand View Research, Inc. Installation of efficient anti-theft and anti-counterfeit system in several end-user industries is projected to propel the demand. Constant research and innovation efforts to design advanced and application specific products are expected to be the key trend in the global smart label market over the next few years.

Rapid urbanization and rise in disposable income of consumers have propelled key end-user industries such as retail, FMCG, and healthcare & pharmaceutical in Asia Pacific in the recent past. Growing economic trends in China, India, Japan, South Korea, and South East Asian countries have created lucrative opportunities in the smart label market.

Usage of smart label helps companies to prevent key issues such as theft, shop lifting, and counterfeit. Thus, emerging presence of key retail and manufacturing industries in developing regions is projected to accelerate the growth of smart label market in the next few years.

Access Research Report of Smart Label Market@ http://www.grandviewresearch.com/industry-analysis/smart-label-market

Further key findings from the report suggest:

·       The global market for smart label was valued at around USD 4.21 Bn in 2015 and is expected to reach over USD 16.12 Bn by 2025, growing at a CAGR of 14.7% from 2016 to 2025

·       RFID labels accounted for over 60% of global volumes in 2015, and is expected to grow over the next nine years on account rising demand in retail sectors

·       In terms of components, batteries segment was estimated to dominated the global smart label market in 2015

·       Retail inventory accounted to be the largest application segment in 2015, accounting for over 22% of the global smart label market volume owing to excellent real time tracking efficiency

·       Perishable goods application segment is anticipated to exhibit promising trend by expanding at the fastest CAGR from 2016 to 2025 due to rising use in medication management and medical instruments

·       Retail is expected to be the highest revenue generating end-user segment of the smart label market growing at a double digit CAGR of over 14% from 2016 to 2025, owing to improved supply chain efficiency obtained from smart label

·       Asia Pacific is projected to witness the fastest growth rate over the forecast period, owing to promising trend in retail and FMCG industries in developing countries

·       Avery Dennison Corporation, CCL Industries, Inc, Zebra Technologies Corporation, Alien Technology Inc, Intermec Inc, Checkpoint Systems, Inc are some of the key players operating in smart label market

·       The major smart label manufactures are focusing to enhance their presence in emerging BRIC counties through introduction of new products and capacity expansion

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global smart label market on the basis of technology, component, application, end-user and region:

Technology Outlook (Volume, Million Units; Revenue, USD Million; 2014-2025)

·         Electronic Article Surveillance Labels (EAS)

·         RFID Labels

·         Sensing Labels

·         Electronic Shelf/Dynamic Display Labels

·         Near Field Communication (NFC) Tags

Component Outlook (Volume, Million Units; Revenue, USD Million; 2014-2025)

·         Wheat

·         Transceivers

·         Memories

·         Batteries

·         Microprocessors

·         Others

Application Outlook (Volume, Million Units; Revenue, USD Million; 2014-2025)

·         Retail Inventory

·         Perishable Goods

·         Electronic & IT Assets

·         Equipment

·         Pallets Tracking

·         Others

End-user Outlook (Volume, Million Units; Revenue, USD Million; 2014-2025)

·         Automotive

·         Fast Moving Consumer Goods (FMCG)

·         Healthcare & pharmaceutical

·         Logistic

·         Retail

·         Manufacturing

·         Others

Regional Outlook (Volume, Million Units; Revenue, USD Million,2014-2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         MEA

Access Press Release of Smart Label Market@ https://www.grandviewresearch.com/press-release/global-smart-label-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

U.S. Automotive Battery Aftermarket is Anticipated To Rise at a CAGR of 1.4% from 2018 to 2025: Grand View Research Inc.

San Francisco, 20 March 2019: The Report U.S.Automotive Battery Aftermarket Size, Share & Trends Analysis Report By Vehicle Type (Passenger, Commercial), By Battery Type (Lead Acid, Lithium-ion), By Distribution Channel, And Segment Forecasts, 2019 - 2025

The U.S. automotive battery aftermarket size is expected to reach USD 4.2 billion by 2025 at a 1.4% CAGR during the forecast period, according to a new study by Grand View Research, Inc.Worldwide sales of electric vehicles are anticipated to increase significantly over the forecast period, which will emerge as one of the key factors boosting market growth.

A notable rise in availability of charging outlets and financial incentives for manufacturing Hybrid electric vehicles (HEVs) has emerged as a crucial factor for the growth of the electric vehicle market in the recent past. Lower running cost of electric vehicles compared to that of conventional Internal Combustion Engine (ICE)-operated vehicles is also expected to bolster market growth. Various government regulatory agencies have implemented policies that support increased usage of electric vehicles globally. In addition, environmental issues, such as increasing levels of pollution, energy depletion, global warming, and biological hazards, are leading to a substantial shift in consumer preferences from conventional vehicles to electric vehicles.

Leading manufacturers of electric vehicles are also increasingly incorporating eco-friendly materials in their production mechanisms. Ford, for instance, has started using bio-based and recycled materials to manufacture external structures of its electric vehicles. Nissan, on the other hand, is using a different approach to being environment-friendly when it comes to its electric vehicles. The company extensively uses old car parts, water bottles, and plastic bags to manufacture interior and exterior parts of these vehicles.

The automotive aftermarket is witnessing a dynamic phase change in customary automotive component sales and delivery paradigms with the convergence of digitalization and auto repair and maintenance service delivery techniques. Several start-ups have surfaced in the industry, delivering custom-made components at economical rates. For instance, CarParts.com and US Auto Parts Network, Inc. are leading global auto spare parts suppliers for maintaining vehicles. These start-ups also suggest an estimate for the right price to be paid for an auto component along with recommendations for customizations.

Similarly, ‘Auto Parts Warehouse’ allows users to compare and get components at economical rates with ease and delivers instant quotes for battery replacement and maintenance. This convergence enables component suppliers to provide pickup and drop services even from remote locations in cases of repair and replacements. Digitalization has, thereby, enabled transparency in auto repair and maintenance service delivery. Digitalization in automotive component suppliers has enabled OEMs to deliver directly to the customer’s home or office from across the globe, at the click of a button.

However, fluctuating raw material prices are hampering the growth of the U.S. automotive battery aftermarket. Lead oxide, sulfuric acid, and polypropylene are key raw materials used to manufacture batteries. Polypropylene, which is used to make cases for batteries, is derived from carbon compound and petroleum. Crude oil and natural gas derivatives are the primary feedstock used to produce polypropylene. Therefore, fluctuation in prices of crude oil and natural gas plays a key role in structuring the cost dynamics of plastics used for battery manufacturing.

Crude oil witnessed tremendous fluctuation in prices over the past few years owing to the large supply-demand gap. As a result, several nations implemented policies in order to stock up on crude oil resources to maintain constant internal supply. Volatility in prices of crude oil also has a direct impact on the manufacturing cost of its downstream derivatives.

Key manufacturers and distributors are continuously expanding their service reach by resorting to geographical expansion and mergers and acquisition across U.S. states. In April 2017, for instance, A123 Systems, LLC announced plans to construct a new headquarter in Michigan. This strategy is likely to help the company in amplifying its presence in U.S. over the near future. In June 2014, the company acquired intellectual property-related assets of Leyden Energy, based in California, U.S., and China. This strategic acquisition is projected to benefit the company in gaining access to the latter’s lithium-ion technology and battery materials, thus widening the former’s technological expertise.

In U.S., most automotive aftermarket batteries are manufactured by three leading companies, namely East Penn Manufacturing Company, Exide Industries Ltd., and Johnson Controls. These companies offer batteries under various brand names, which manufactures batteries according to desired specification of retailers, so the specifications of their products may vary. Johnson Controls, which supplies batteries to more than half market, announced in November 2018 that it has agreed to sell its power solutions business, which involves automotive battery business, to Brookfield Business Partners L.P. The transaction was valued at nearly USD 13.2 billion.

Access Research Report of U.S. Automotive Battery Aftermarket @ https://www.grandviewresearch.com/industry-analysis/us-automotive-battery-aftermarket

Further key findings from the report suggest:

·       Rising investments and initiatives aimed at developing Hybrid Electric Vehicles (HEV) are expected to propel market growth. For instance, the U.S. American Recovery and Reinvestment Act grants funds to private and government entities to develop HEVs

·       By distribution channel, the e-commerce segment is expected to exhibit the highest CAGR of 5.5% over the forecast period

·       A123 Systems, LLC; East Penn Manufacturing Company; EnerSys; Delphi Technologies; Exide Technologies; Johnson Controls; NEC Corporation; Samsung SDI Co., Ltd.; Tesla, Inc.; and Interstate Battery System of America, Inc. are some of the key players in the U.S. automotive battery aftermarket.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/automotive-and-transportation

Grand View Research has segmented the U.S. automotive battery aftermarket based on battery type, vehicle type, and distribution channel:

U.S. Automotive Battery Aftermarket Battery Type Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

·         Lithium-ion

·         Lead Acid

·         Nickel-based

·         Sodium-ion

·         Others

U.S. Automotive Battery Aftermarket Vehicle Type Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

·         Passenger Vehicle

·         Electric Vehicle

·         Commercial Vehicle

·         Others

U.S. Automotive Battery Aftermarket Distribution Channel Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

·         Retail/Brick

·         E-commerce

·         Others

Access Press Release of U.S. Automotive Battery Aftermarket@ https://www.grandviewresearch.com/press-release/us-automotive-battery-aftermarket-analysis

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

U.S. Pharmacy Benefit Management Market to Register Steadfast CAGR of 9.2% from 2019 to 2026: Grand View Research Inc.

San Francisco, 20 March 2019: The Report U.S.Pharmacy Benefit Management (PBM) Market Analysis Report By Business Model (Standalone, Health Insurance Providers, Retail Pharmacy), By End Use (Commercial, Federal), And Segment Forecasts, 2019 - 2026

The U.S. pharmacy benefits management market size is projected to reach USD 744.6 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 9.2% during the forecast period. Increasing vertical integration of key market players, rising prevalence of chronic disease, and shrinking FDA generic-approval backlog are some of the primary growth stimulants for the market.

Vertical integration of pharmacy benefits management (PBM) organizations with health insurance companies are poised to result in increased control of PBMs over distribution systems. This will lead to rise in rebates, ultimately increasing the cost of drug list prices. Moreover, it will result in a monopoly of certain market player, concentrating sales and revenue generation.

The business of insuring and administering employee benefit programs in the country, especially, health care programs, is heavily regulated by federal and state laws and administrative agencies, such as the Department of Health and Human Services (HHS), State Departments of Insurance, Centers for Medicare & Medicaid Services (CMS), Internal Revenue Services, and Departments of Labor.

All PBM businesses in the U.S. must include home delivery and specialty pharmacies licensed as pharmacies in the states of establishment. Several states in the country regulate the scope of prescription (Rx) drug coverage and delivery channels to receive drugs for managed care organizations (MCOs), insurers, and Medicaid care plans. Certain home delivery and specialty pharmacies must be registered with the U.S. Drug Enforcement Administration (DEA) and individual state controlled substance authorities.

Access Research Report of U.S. Pharmacy Benefit Management Market @ https://www.grandviewresearch.com/industry-analysis/us-pharmacy-benefit-management-pbm-market

Further key findings from the study suggest:

·      Based on business model, the market has been segmented into standalone PBM, health insurance providers, and retail pharmacy. Of these, PBMs associated with health insurers are likely to witness the fastest growth over the forecast period

·       Rise in mergers and partnerships between market players is expected to result in an increased demand for PBM systems

·       OptumRx and Express Scripts (merged with Cigna in December 2018) are among the key players merged or acquired by large health insurance providers

·       Based on end use, the market has been divided into commercial and federal. Commercial PBM systems dominated the market and are estimated to maintain their dominance through 2026 owing to a large number of covered patients

·       CVS Health; Aetna; Express Scripts; Cigna; OptumRx, Inc.; Walgreens Booth Alliance; MedImpact Healthcare Systems, Inc.; Anthem; and Rite Aid are some of the key players in the market.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/healthcare-it

Grand View Research has segmented the U.S. pharmacy benefits management (PBM) market based on business model and end use:

Business Model Outlook (Revenue, USD Billion, 2015 - 2026)

·         Standalone PBMs

·         Health Insurance Providers

·         Retail Pharmacy

End Use Outlook (Revenue, USD Billion, 2015 - 2026)

·         Commercial

·         Federal

Access Press Release of U.S. Pharmacy Benefit Management Market@ https://www.grandviewresearch.com/press-release/us-pharmacy-benefit-management-pbm-market-analysis

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com