Future of Egypt E-commerce logistics market: Ken Research

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Egypt E-Commerce Logistics and Segmentation

The e-commerce market in Egypt has grown from USD ~ Billion in 2013 to USD ~ Billion in 2018 thus growing at a positive CAGR of ~% over the period 2013-2018. Along with this remarkable growth, there has been increasing demands for cost-effective and high-quality logistics solutions to meet rising consumer needs.    Rising number of online orders, especially shipments for FMCG products and consumer durables among the Egyptian population has been driving the demand for E-commerce logistics in the country.

By Speed of Delivery:

2 days delivery, commonly known as express delivery segment was observed to be chosen as the most preferred shipping choice for urgent requirements of goods such as medicines and for important documents and official letters. The segment dominated the market by capturing a revenue share of ~% in terms of number of orders, thus evaluated at USD ~ million in the year 2018. Rest of the market share was contributed by 3 days delivery that accounted for ~%, and more than 3 days delivery.

By Payment Method:

The cash on delivery segment established itself as market leader in Egypt E-commerce logistics market with a massive revenue share of 95.0% in the year 2018. Cash on Delivery (COD) remains the dominant Means of payment method accepted by merchants in the country owing to low consumer confidence in online payments and limited card penetration. Egyptian consumers appreciate the simplicity and value of COD, which comes without additional charges. It is perceived as good customer service and a selection of items is often delivered to enable buyers to inspect goods prior to payment. Online payment modes such as bank transfers, payment cards, debit/credit cards and e-wallets collectively captured the remaining share ~% in Egypt E-commerce logistics market in the year 2018.

By Area of Delivery:

The intra-city segment established itself as market leader with a massive market share of ~% in terms of number of orders in 2018. All intra city logistics is related to trade within Cairo. The reason for the larger share of intra-city orders has been the growing number of investments in the intra-city logistics sector. Rest of the market is shared by Inter-city logistics movement.

Egypt 3PL Market and Segmentation

3PL is the service in which most or all logistics activities of a company are provided by a third-party Logistics Company on a contract basis. Compared to other parts of the world, logistics industry in Egypt is still in its developing phase, as supply chain processes for instance procurement, transportation, warehousing and delivery are not executed in an integrated manner. The market has been observed to remain stagnant from 2013 to 2018 at USD ~ Billion. 3PL logistic market is dependent upon the other markets in logistic market of a country, which includes warehousing, freight forwarding, express and ecommerce. Since the overall logistics market has discovered a fall in its revenue, 3PL logistics market of Egypt has not any growth in the review period.

By Market:

The freight forwarding segment within Egypt 3PL market dominated with a massive revenue share of ~% in the year 2018. The growth of E-commerce industry in Egypt is one of the major driving forces for the 3PL freight forwarding owing to increase in demand for fast delivery, efficient inventory management and individualized shipping time. Rest of the ~% market has been shared by warehousing in 2018.

Egypt Logistics and Warehousing Market Future Outlook and Projections

Egypt Freight Forwarding Market has been anticipated to grow at a CAGR of ~% increasing from USD ~ Billion in 2013 to USD ~ Billion in 2018, which will majorly be augmented by growing E-commerce industry, continuous investment by the government in development of logistics infrastructure in Egypt and the prevailing optimistic business sentiments in the sultanate. The market is expected to be driven by the rising industrial activities, growing e-commerce industry, rising purchasing power, elevated demand for food, mineral fuels and oils, fertilizers, upcoming infrastructural projects and focused investment by the government in development of the industry.

The large-scale logistics development project in the country launched by the government will harmonize free zone ports, railways, maritime transport and road transport infrastructure as part of the development of a logistics-based economy that will play a major role in creating significant growth opportunities.

Key Segments Covered: -

Egypt Freight Forwarding Market

By Mode of Freight (Revenue)

Sea Freight

Air Freight

Road Freight

By Type of Freight (Revenue)

International Freight

Domestic Freight

By Flow Corridors (Revenue, Volume of Trade)

Asia

Europe

Middle East

North America

Others

By Integrated and Contract (Revenue)

Contract Freight Forwarding

Integrated Freight Forwarding

By Type of Company (Revenue)

International Companies

Domestic Companies

Warehousing Market

By Business Model (Revenue)

Industrial/Retail

ICD/CFS

Cold Storage

By Type of Storage Space (Area)

Open Yard

Closed Normal

Temperature Controlled

Cold Storage

By End Users (Revenue)

Consumer and Retail

Food and Beverages

Healthcare

Automotive

Others

By Contract and Integrated (Revenue)

Contract

Integrated

Courier, Express, and Parcel Market

By International and Domestic CEP (Revenue)

International CEP

Domestic CEP

By Business Model (Revenue)

B2B

B2C

C2C

By Air and Ground CEP (Revenue)

Air CEP

Ground CEP

E-Commerce Logistics Market

By Delivery Time (Orders)

2 Day Delivery

3 Day Delivery

More Than 3 Day Delivery

By Mode of Payment (Orders)

Cash on Delivery

Online Payment

By Location (Orders)

Intra City

InterCity

Third-Party Logistics (3PL) Market

By Type (Revenue)

Freight Forwarding

Warehousing

Companies Covered

DHL

Agility

Kuehne + Nagel

Aramex

DB Schenker

Customs Storage Company (CSC)

DSV Panalpina

FedEx-TNT

Expeditors

UPS

Nacita

Egypt Post

OCL Egypt

Logistica

Key Target Audience: -

Logistics Companies

Warehousing Companies

Freight Forwarding Companies

Express Logistics Companies

E-Commerce Logistics Companies

Consultancy Companies

E-Commerce Companies

Cold Chain Logistics Companies

Real Estate Companies/Industrial Developers

Time Period Captured in the Report: -

Historical Period – 2013-2018

Forecast Period – 2019-2025

Key Topics Covered in the Report: -

Egypt E-Commerce Delivery Market

Egypt Freight Forwarding Companies

Egypt Express Delivery Companies

Egypt Outsourced Logistics Companies

Egypt Inland Container Depot Market

Egypt Container Freight Station Warehousing

Egypt Open Yard Warehousing Market

DHL CEP Market Revenue Egypt

Aramex Egypt Warehousing Space Share

Logistica Egypt Warehousing Space

Kuehne + Nagel Logistics Market Growth Egypt

FedEx-TNT Egypt courier delivery Market

For More Information on The Research Report, Refer To Below Link: -

Egypt Logistics and Warehousing Market Report

Related Reports by Ken Research: -

Saudi Arabia Logistics and Warehousing Market Outlook to 2023 (Second Edition) – Expected Recovery in Demand Growth with Rising Infrastructure Spending, Government Reforms and Surge in Trade.

Kuwait Logistics and Warehousing Market Outlook to 2022 – By Freight Forwarding/ Transportation, Warehousing and Value-Added Services, E-commerce Logistics, Express Delivery, Third Party Logistics

Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com

+91-9015378249

Growth in Concerns Regarding Personal Hygiene Expected to Drive Global Personal Care Services Market: Ken Research

The personal care services market comprises of the sales of personal care services and related goods by entities that provide appearance care services to individual consumers, including beauty salons, nail salons, barbershops, diet & weight reducing centers and other personal care service providers.

According to study, “Personal Care Services Global Market Report 2019” the key companies operating in the global personal care services market are Services Corporation International, Best Buy, Regis Corporation, Sears Holdings, Weight Watchers International Inc. Key players in the market are adopting numerous business strategies such as merger and acquisition (M&A), in order to gain competitive edge in the market.

Based on product type, personal care services market is segmented into skin care, hair care, oral care and cosmetics. Based on type, market is segmented into organic, inorganic and herbal. Based on age, market is segmented into below 15, 15-40, 40-65 and above 65. Based on gender user, market is segmented into male users and female users. Based on premise, market id segmented into off-premise and on-premise. In addition, based on application, market is segmented into beauty salons, spas & massage, diet & weight reducing centers, and others.

The personal care services market is driven by rise in preference for organic beauty and personal care products, followed by increase in aging population and customized applications that match customers’ values & identity. However, increase in shift in consumer preference towards chemical-free products because of rise in awareness regarding its ill-effects on health and skin may impact the market. Furthermore, increase in use of organic personal care products due to rise in demand of safer personal products is a key trend for market. Organic products are natural products, prepared using both natural and organic ingredients without the use of harmful chemicals. The supply of locally-sourced raw materials makes these products more accessible & affordable for customers. Some of the organic products being used by hair salons include hair spray, shampoos, organic hair oil, hair gels, hair colors, dyes and other hair styling products.

Amidst the unprecedented eruption of corona virus, governments across the world are directing people to stay indoors and practice social distancing, to reduce the spread of the pandemic. This has declined short-term potential growth opportunities for the personal care services industry. This industry is a hands-on industry, and individuals involved are highly vulnerable to the risk of transmission. This is depressing people from availing beauty services. Due to the COVID crisis, it is prudent for the businesses in the personal care services to go digital, upsurge the time between appointments, prioritize hygiene, and shift towards Business Planning & Consolidation (BPC) packaged products.

Based on geography, the North-American holds largest share of the global personal care services market owing to growth in wellness tourism industry, change in lifestyle as well as increase in purchasing power of consumers in developing countries in the region. Whereas, the Asian-Pacific and European regions are estimated to witness higher CAGR due to growth in concerns regarding personal hygiene, increase in internet penetration and rise in obese population over the forecast period. With the high expenditure by ageing populations, rise in demand for premium products and greater consumption by millennial, the scope or potential for the global market is projected to significantly rise in the forecast period.

For More Information, refer to below link:-

Global Personal Care Services Market

Related Report:-

Personal Care Services Global Market Report 2020-30: Covid 19 Impact and Recovery

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Increase in Prevalence of Chronic Kidney Diseases Expected to Drive Global Nephrology and Urology Devices Market: Ken Research

Nephrology is the field of medicine which concerns itself with the study of normal kidney function, kidney problems, renal replacement therapy and treatment of kidney problems. Nephrology and urology devices are used in the treatment of urinary systems such as kidney stone, chronic kidney disease, urinary incontinence, and end-stage renal disease. With the advancement in technologies, the adoption of innovative nephrology and urology devices has increased significantly.

According to study, “Nephrology And Urology Devices Global Market Report 2019” the key companies operating in the global nephrology and urology devices market are Asahi Kasei Corporation, Baxter International Inc., B. Braun Melsungen, Boston Scientific, C. R. Bard, Inc., Cook Medical, Coloplast, Dornier MedTech, Svenska Cellulosa Aktiebolaget (SCA), Fresenius Medical Care, First Quality Enterprises, Inc., Kimberly-Clark Corporation, Medline Industries, Inc., Medtronic, Nipro Corporation, NxStage Medical, Inc., Nikkiso Co. Ltd., Olympus Medical Systems, ONTEX International N.V., STORZ Medical AG, Teleflex Incorporated, Rockwell Medical Technologies Inc., Siemens Healthineers, and Terumo Corporation. Key players are involved in extensive activities for research & development (R&D) of cost-efficient and highly advanced systems for instance extracorporeal shock wave lithotripters. Subsequently, introduction of such efficient products is anticipated to provide lucrative opportunities.

Based on type, nephrology and urology devices market is segmented into dialysis equipment, endoscopy devices, urinary incontinence & pelvic organ prolapse devices, urinary stone treatment devices, and benign prosthetic hyperplasia treatment devices. Urinary incontinence & pelvic organ prolapse devices segment is further sub-segmented into vaginal meshes & slings, sacral neuromodulation and urethral inserts & pessaries. Urinary stone treatment segment is further sub-segmented into lithotripters and ureteral stents. Additionally, benign prosthetic hyperplasia treatment devices segment is further sub-segmented into prostatic stents, catheter ablation and endoscopy. Dialysis equipment is the largest segment of the market owing to rise in incidences of chronic kidney diseases. Based on product type, market is segmented into disposables and instruments or equipment. Based on type of expenditure, market is segmented into private and public. In addition, based on end-user, market is segmented into diagnostic laboratories, hospitals & clinics and others.

The nephrology and urology devices market is driven by increase in prevalence of chronic kidney diseases, followed by growth in innovation in urology devices, increase in aging population and growth in healthcare expenditure in developed economies. However, high cost associated with the devices may impact the market. Moreover, rise in initiatives undertaken by various government organizations for creating awareness is a key opportunity for the market growth. Furthermore, wearable artificial kidney is an innovative trend shaping the nephrology and urology devices market that replaces stationary hemodialysis machines.

Based on geography, the North-American region dominates the global nephrology and urology devices market owing to advanced healthcare infrastructure, presence of prominent players and high disposable income of people in the region. Whereas, the Asian-Pacific and European regions are projected to exhibit higher CAGR due to rise in awareness related to kidney and urinary tract disorders over the forecast period. In near future, it is expected that the global market will be reached at rapid pace as a result of urgent need for development of new systems and replacing & upgrading existing medical infrastructure during the forecast period.

For More Information, Click on the Link Below:-

Global Nephrology and Urology Devices Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Global Silicon EPI Wafer Market Research Report: Ken Research

The global silicon EPI wafer market size was valued at USD 1,231.03 million in 2019 and is projected to reach USD 1,683.14 million by 2026, registering a CAGR of 4.57% from 2020 to 2026. The report offers a breakdown of market shares by type, including Heteroepitaxy, Homoepitaxy. By application, the silicon EPI wafer market is classified into Telecommunications, Consumer Electronics, Automotive, Healthcare, Industrial. On the basis of region, the silicon EPI wafer industry is analyzed across North America, Europe, Asia-Pacific, South America and MEA (the Middle East, and Africa).

By Type:-

Heteroepitaxy

Homoepitaxy

By Application:-

Telecommunications

Consumer Electronics

Automotive

Healthcare

Industrial

By region, the market is analyzed across North America, Asia Pacific, Europe, Middle East & Africa and South America. This report forecasts revenue growth at global, regional & country level from 2020 to 2026.

North America (U.S., Canada, Mexico, etc.)

Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.)

Europe (Germany, UK, France, Italy, Russia, Spain, etc.)

Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.)

South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.)

The market research report covers the analysis of key stake holders of the silicon EPI wafer market.

Some of the leading players profiled in the report include:-

Applied Materials, Inc.

ASM International NV

GlobalWafers Co., Ltd.

Shin-Etsu Chemical Co., Ltd.

Showa Denko K. K.

Siltronic AG

SUMCO Corporation

The base year of the study is 2019, and forecasts run up to 2026.

Research Objective:-

To analyze and forecast the market size of global silicon EPI wafer market.

To classify and forecast global silicon EPI wafer market based on type, application.

To identify drivers and challenges for global silicon EPI wafer market.

To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in global silicon EPI wafer market.

To conduct pricing analysis for global silicon EPI wafer market.

To identify and analyze the profile of leading players operating in global silicon EPI wafer market.

The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Key target audience is:-

Manufacturers of silicon EPI wafer

Raw material suppliers

Market research and consulting firms

Government bodies such as regulating authorities and policy makers

Organizations, forums and alliances related to silicon EPI wafer

For More Information, refer to below link:-

Global Silicon EPI Wafer Market

Related Report:-

World Epitaxial Silicon Wafer Market Research Report 2025 (covering USA, Europe, China, Japan, India, South East Asia and etc)

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Rise in Prevalence of Eye Related Disorders Expected to Drive Global Ophthalmology Drugs Market: Ken Research

The ophthalmology drugs market comprises of sale of the ophthalmology drugs and other related services offered by different organization producing the ophthalmology drugs for treating eyes associated diseases. The industry further includes the establishment’s producing anti glaucoma drugs used for treating glaucoma disease, and anti- inflammatory and tear stimulating drugs for dry eye medications drugs, and other drugs for giving retinal disorders and other allergies.

According to study, “Ophthalmology Drugs Global Market Report 2019” the key companies operating in the global ophthalmology drugs market are Bausch & Lomb, Inc., Pfizer, Inc., Novartis AG, Regeneron, ALLERGAN PLC, Bayer AG, Merck Sharp & Dohme Corp., Johnson & Johnson Services, Inc., Genentech, Inc. and Santen Pharmaceutical Co., Ltd. The players are engaged in extensive R&D activities developed the novel ophthalmic drugs for the treating of various eye diseases and other disorders gaining a larger market share.

Based on drug class, ophthalmology drugs market is segmented into antiglaucoma agents, anti-Vascular Endothelial Growth Factor (anti-VEGF) agents, anti-inflammatory and antiallergy. Anti-VEGF segment dominates the market owing to high adoption rate and presence of global market players with extensive product portfolio. Based on disease type, market is segmented into glaucoma, dry eye, retinal disorders, eye infection, eye allergy, and uveitis. The retinal disorders segment is expected to exhibit substantial growth rate due to increase in prevalence of age-related macular degeneration and diabetic retinopathy during the forecast period. Based on dosage form, market is segmented into eye solutions, capsules and tablets, eye drops, ointments and gels. Eye drops segment holds major share in market caused by ease of usage and high patient compliance.

Based on product type, market is segmented into Over-the-counter (OTC) drugs and prescription.The prescription of drugs registered the largest share as being more efficacious than the conventional drugs with fewer adverse effects. In addition, based on route of administration insights, market is segmented into local ocular, topical, and systemic route. The local ocular route segment is further sub-segmented into intravitreal, retrobulbar, subconjunctival, and intracameral. The intravitreal route segment is estimated to be the largest segment being the highly efficient methods for delivering the drugs over the posterior segment of the eye.

The ophthalmology drugs market is driven by increase in incidence and prevalence of eye related disorders, followed by rise in funding from both public and private research organizations, presence of strong emerging pipeline drugs and increase in research & development (R&D) pertaining to the development of novel drugs. However, loss of patent protection for blockbuster drugs may impact the market.

Based on geography, the North-American region holds major share in ophthalmology drugs market owing to high disease burden, growth in technological advancements and rise in consumer awareness regarding the advantages of ophthalmic drugs in the region. Whereas, the Asian-pacific and European regions are estimated to witness higher growth rate due to improvement in economic scenario, a large patient pool coupled with rise in disposable income over the forecast period. In near future, it is predicted that the market will be reached at high speed caused by growth in improvements in healthcare infrastructure during the forecast period.

For More Information, refer to below link:-

Global Ophthalmology Drugs Market

Related Report:-

Global Ophthalmology Drugs Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Increase in Preference to Air Travel to Drive Passenger Air Transportation Market over the Forecast Period: Ken Research

The passenger air transportation services market comprise of air transportation services offered by different entities and establishments using aircraft, such as airplanes and helicopters providing the air transportation services to passengers and transportation of cargo services. It further include services offered by both scheduled and non-scheduled air carriers, but tourism and sightseeing air transportation and air courier services are not studies and included in the air transportation market. The global prosperity depends on air connectivity, moreover the air transportation is sensitive to policies supporting the underlining growth. However, dampening the demand of air connectivity may risks the high quality and economic activity depending on the worldwide mobility. The air transportation industry is expected to grow post clearing the infrastructure bottlenecks impacting the growth to their home markets. The growth is well supported by different governments considering the need of the globalization that has made world more socially and economically prosperous to the investments.

According to the report, “Passenger Air Transportation Global Market Report 2019” Some of the key players operating the market include American Airlines Group, Delta Air Lines, United Continental Holdings, Lufthansa Group, FedEx. Some of the additional companies providing air transport include Alaska Airlines, Frontier Airlines, and Hawaiian Airlines are providing and enabled the apps to ebook a flight ticket.

Due to stable economic boom outlook in many evolved and developing economies and increasing public and private investments to increase airports in untapped regions, the scope and ability for the global air transportation market is anticipated to significantly upward thrust in the forecast period. Mobile ticketing and applications have now become a state-of-the-art trend in passenger air transportation industry. The passengers are now using mobile enabled e-ticketing to book their tickets and planning their journey. Passengers plan as per the personalized facts and ease in locating flight, luggage and the way to locate their gate.

Based on type, passenger air transportation market is segmented into air transportation market is segmented into passenger air transportation, chartered air transportation, air cargo services, domestic, international, passenger-chartered air transportation, freight-chartered air transportation, and others. Among the type segments, the passenger held the largest share in the air transportation market. The market further comprise of air transport service providers providing the passenger and cargo. The industry services are widely used by individuals and business operating in the international, domestic, operations around the world. The industry is further fragmented into terms of suppliers and buyers.

Based on the geography the passenger air transportation global market is segmented as Eastern Europe, Western Europe, North America, South America, Asia-Pacific, Middle East and Africa. Among the regions the Asia Pacific region accounts for the largest share in the air transportation global market followed by North America accounted for one third of the global market. The African region held the smallest share in the passenger air transportation market over the forecast period. The increasing demand from the emerging economies, continuous demand for the new low-cost carriers and deregulation, coupled with ever rising middle class are some of the key factors driving market growth over the forecast period.

For More Information, Click on the Link Below:-

Global Passenger Air Transportation Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Rise in Demand for Enhanced Travelling Comfort Expected to Drive Global Passenger Car Market: Ken Research

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Passenger cars are the type of motor vehicle consisting of at least four wheels, used for transporting of passengers, the passenger cars comprise of not more than eight seats excluding the driver's seat. The passenger car manufacturing market further consists of sales of the passenger cars by entities and establishments producing the complete automobiles including body and chassis or companies producing the automobile chassis only.

According to the study, “Passenger Car Global Market Report 2019” the key companies operating in the global passenger car market are Adam Opel AG, Beijing Automotive Group Co., Ltd., American Honda Motor Co., Inc., Haima Automobile International Corporation, Audi AG, Infiniti Motor Company Ltd., Bayerische Motoren Werke AG (BMW GROUP), Dr. Ing. HCF Porsche AG, Cadillac, Mahindra & Mahindra Ltd., Daihatsu Motor Co., Ltd., Mitsubishi Motors Corporation, Daimler AG, Mazda Motor Corporation, Dongfeng Motor Corporation, PSA Peugeot Citroen, Ferrari SPA, Toyota Motor Corporation, General Motors Company, Volvo Car Corporation, Hindustan Motors Ltd., Maruti Suzuki India Ltd., Nissan Motor Co., Ltd., Honda Motor Co., Ltd., Renault Group, Hyundai Motor Company, Tata Motors Ltd., Kia Motors Corporation, Volkswagen AG.

Based on type, the passenger car market is segmented into Sedan, Hatchback, and utility vehicle. In addition, based on fuel type, the market is segmented into CNG, diesel, and petrol. Based on the transmission type, the market is segmented into manual and automatic. Based on engine capacity, the market is segmented into (<1000, 1000-1500, 1500-2000, and >2000. In addition, based on size, the market is segmented into compact, mini micro, C1, C2, D, E, and F.

The passenger car market is driven by growth in economic conditions, followed by a rise in consumers’ disposable incomes, growth in population, rise in demand for enhanced traveling comfort and the gradual shift from transportation to comfortable or convenient transportation, and from convenient transportation to luxurious or safe transportation. However, the high cost of electric cars and inadequate charging infrastructure may impact the market.

The use of advanced techniques such as Additive manufacturing is continuously developing the automobile manufacturers starting using 3D printing technology assisting in reducing production time and costs. The 3D printing further creates a 3D physical object by using a digital design. Moreover, the same is also being used for building the prototypes of cars, concept models, design verification, and functional parts used over the test vehicles and engines. Further, the automobile manufacturers have started using 3D printing technologies over a variety of tools, jigs, and fixtures used over assembly and manufacturing processes. The 3D printing assists in the rapid prototyping, increase in assembly-line efficiency, lowering of turnaround time, improving flexibility in the design, and reducing the wastage of materials.

Based on geography, the Asian-Pacific region dominates the global passenger car market owing to an increase in domestic demand coupled with a rise in investments in the automotive components sector in the region. Whereas, the North-American and European regions are projected to witness a higher growth rate due to growth in the development of hybrid technologies over the forecast period. In the near future, it is expected that the future of the market will be optimistic on account of an increase in electric vehicle demand during the forecast period.

For More Information on the Research Report, refer to below links: -

Global Passenger Car Market Outlook

Related Report: –

Global Passenger Car Commercial Vehicle Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249