Africa Electric Scooter Market Segmented On The Basis Of Product, Battery, Voltage Type, Country And Forecast 2030: Grand View Research Inc.

San Francisco, 7 July 2022: The Report Africa Electric Scooter Market Size, Share & Trends Analysis Report By Product (Retro, Standing/Self-balancing), By Battery, By Voltage Type, By Country, And Segment Forecasts, 2022 – 2030

The Africa electric scooter market size is expected to reach USD 84.3 million by 2030, registering a CAGR of 7.5% from 2022 to 2030, according to a new report by Grand View Research, Inc. The growing concern of increasing CO2 emissions, vehicular pollutants, and their environmental impact has shifted consumers from using Internal Combustion Engine vehicles to alternative propulsion systems such as Electric Vehicles (EVs). The introduction of technologically advanced vehicles by global EV manufacturers to Africa has made the region a part of the electric-powered transport wave. However, the high cost of EVs such as electric scooters is hampering growth. To make them cost-effective, various initiatives are taken by governments and private automobile manufacturers.

Global electric scooter manufacturers are focusing on bringing innovation and technology to Africa. They are manufacturing and supplying advanced electric scooters to the region. In May 2021, Yadea Technology Group Co., Ltd. released the Yadea Champion 2.0 series globally. The vehicle range is equipped with the TTFAR 8 extended-range system. The company has incorporated new technology to make scooters advanced and smart. The vehicles provide better mileage, fast charge, and have a greater lifespan, thus making them suitable for long trips. Furthermore, the global players have robust distribution channels in Africa. They follow the B2C model, making electric scooters available directly to the customers based on the order.

However, the high price of electric scooters is a major challenge for potential purchasers. To overcome this, start-ups based in Africa are investing in developing the electric vehicle space to design scooters at a low cost. Besides, they are trying to make the vehicle lightweight, easy to operate and extend the battery life to be durable, to be used for local traveling.

Moreover, the government in the region is taking initiatives to increase the adoption of electric vehicles. There is a reduction in the import duty of the electric vehicle and investment in the battery charging infrastructure development. The UNEP’s Global E-mobility Program has been introduced in Africa to aid the government in establishing supportive policies to switch from fossil fuel mobility to electric vehicles. Also, the regional government has made various changes in the tax structure to favor EV uptake. Initiatives taken by the government are expected to reduce the cost of EVs, such as the electric scooter, and expected to drive their demand in the market.

Furthermore, electric scooter sales are majorly threatened by substituting electric vehicles in the market. Electric scooters are suitable for short distances, runs at a lesser speed, and are driven by a single rider. However, electric mopeds and e-bikes are more robust, have long battery life, are fast chargeable, and offer long-distance travel. In addition to this, they have better maneuverability and are easy to operate, thus providing comfort to the driver. These features gain consumers’ traction and shift their preference from electric scooters to substitutes.

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Africa Electric Scooter Market Report Highlights

• The folding segment is estimated to register the highest CAGR of 9.3% during the forecast period. This is attributed to scooter features such as being easy to carry, lightweight, and fast chargeable, and are thus highly preferred over other scooters
• The sealed lead-acid segment was the largest in 2021 and is anticipated to reach USD 21.2 million over the forecast period. The reliability, cost-effectiveness, and leak-proof construction of lead-acid batteries are vital factors for the segment’s high market share
• Egypt is expected to witness the highest CAGR of 10.0% during the forecast period. Higher growth is due to the rise in developments in the automotive industry and the high adoption rate of battery-operated vehicles. Egypt’s government has lowered the taxes imposed on CNG and battery-operated vehicles to encourage the use of electric vehicles

List of Key Players in the Africa Electric Scooter Market

• Honda Motor Co Ltd
• KTM AG
• Mahindra GenZe
• Peugeot Scooters
• Ninebot Limited
• Suzuki Motor Corporation
• Terra Motors Corporation
• Vmoto Limited
• Yadea Technology Group Co., Ltd.
• Yamaha Motor Company Limited

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Team Collaboration Software Market Segmented On The Basis Of Deployment, Software Type, Application, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 6 July 2022: The Report Team Collaboration Software Market Size, Share & Trends Analysis Report By Deployment, By Software Type, By Application (Retail, Healthcare, BFSI, IT & Telecom), By Region, And Segment Forecasts, 2022 – 2030

The global team collaboration software market size is anticipated to reach USD 56.67 billion by 2030, exhibiting a CAGR of 9.5% during the forecast period, according to a new report published by Grand View Research, Inc. The promising growth prospects of the market can be credited to the increasing adoption of communication and conferencing solutions across businesses to collaborate, brainstorm, and share content.

Amid the COVID-19 pandemic, numerous companies have transitioned to the remote working culture and rely chiefly on video conferencing solutions for team collaboration. The demand for these solutions is expected to increase further in the near future, as several organizations are willing to consider a hybrid working model even after the pandemic.

The heightened demand for collaborative solutions has encouraged industry players to provide affordable and technologically advanced video conferencing solutions. This has facilitated the large-scale deployment of these solutions across several organizations. For instance, in March 2021, Avaya Inc. introduced new features to its Workstream collaboration platform Spaces to cater to the rising demand for a hybrid remote working model. The new artificial intelligence-based collaborative meetings platform offers simple, integrated video and voice calling and can transform the existing on-premise calling technology.

The advent of virtual collaboration solutions based on Augmented Reality (AR) and Virtual Reality (VR) is expected to boost the market growth during the forecast period. Several market players have started offering these solutions owing to their increased popularity. For instance, in October 2021, WebexOne by Cisco Systems, Inc. released the preview of its next-generation hybrid work collaboration product Webex Hologram. This new tool is the industry’s first real-time meeting solution that leverages AR headsets to integrate Webex meeting functionality with immersive 3D holograms.

The growing proclivity of businesses across several industries toward automating tasks and enhancing workplace collaboration has encouraged the deployment of AI bots and Smart Virtual Personal Assistants (SVPA). These bots perform various tasks such as scheduling meetings and taking notes. Besides, chatbots are emerging as a standard capability for desk-less and frontline workers to use digital services through smart devices.

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Team Collaboration Software Market Report Highlights 

• In terms of deployment, the cloud segment is estimated to record a substantial growth rate through 2030. This can be attributed to the increased adoption of cloud-based team collaboration solutions, which helps save infrastructure costs
• In terms of type, the conferencing software segment is anticipated to grow significantly during the forecast period owing to the mounting adoption of conferencing solutions such as Jabber, Cisco WebEx Meetings, and Adobe Connect
• In terms of application, the retail application segment is expected to record the highest revenue share in the market by 2030. This can be credited to the increasing need of retail companies to improve employee engagement and facilitate real-time information sharing
• Integration of software and hardware and ongoing efforts to strengthen network capabilities are some of the key strategies adopted by major market players to increase their market share

List of Key Players in the Team Collaboration Software Market

• Adobe
• Asana, Inc.
• Avaya Inc.
• AT&T, Inc.
• Blackboard, Inc.
• Cisco Systems, Inc.
• Citrix Systems, Inc.
• Google LLC
• IBM Corporation
• Microsoft
• OpenText Corporation
• Oracle
• Slack Technologies, LLC
• Zoom Video Communications, Inc.

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U.S. Retail Logistics Market Outlook On The Basis Of Type, Solution, Mode Of Transport And Forecast To 2030 : Grand View Research Inc.

San Francisco, 6 July 2022: The Report U.S. Retail Logistics Market Size, Share & Trends Analysis Report By Type, By Solution (Commerce Enablement, Supply Chain Solutions, Transportation Management), By Mode Of Transport, And Segment Forecasts, 2022 – 2030

The U.S. retail logistics market size is estimated to reach USD 109.31 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.0% from 2022 to 2030. Retail logistics is a system in which a company provides logistics services to retail businesses in need of distribution and inventory management. A retail logistics company provides services, including inventory management, packaging, cross-docking, and door-to-door delivery. The rapid growth of the global e-commerce sector and the development of new technologies drive the demand for logistics services.

The supply chain solutions segment held about 35.98% of the market share in 2021 and also is anticipated to register the fastest growth during the forecast period. The supply chain enables on-time delivery, optimizes omnichannel operations, personalizes kitting and order fulfillment, and effectively processes customer returns. It also enables fast direct-to-consumer and direct-to-store shipping, which improves warehouse efficiencies as well as optimizes inventory.

The ongoing COVID-19 pandemic has taken a severe toll on the global economy in majorly three ways: suppressing profitability, directly affecting production and demand, and drying up financial reserves and cash flows. Retail logistics companies are equally affected by the COVID-19 pandemic. The industry suffered a minor setback during the initial phases (Q1 and Q2) of the pandemic due to a shortage of labor and supply chain disruptions. Later, with consumers avoiding in-store purchases and preferring online shopping, the increase in online orders did put an unprecedented strain on retail logistics companies’ transportation and logistics services.

Key industry participants are FedEx International, A.P Moller-Maersk, DSV, and DHL International GmbH. These companies are focusing on new product development, which helps in strengthening their global market presence. For instance, in August 2020, APL Logistics Ltd announced the launch of a suite of products to measure, manage, and mitigate GHG emissions in the shipping and logistics sector. Under the product suite, the company planned to measure greenhouse emissions, suggest efficient ways to mitigate emissions, and offset the remaining carbon liability through its partnership with verified carbon offset projects. Additionally, market players are continually investing in R&D to develop differentiated products and stay ahead of the competition.

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U.S. Retail Logistics Market Report Highlights

• The market for U.S. retail logistics is anticipated to witness substantial growth during the forecast period due to escalating demand for e-commerce across the globe
• Based on type, the conventional retail logistics segment dominated the market with over 57% of the total market in 2021
• The roadways segment held the largest market share of 53.2% in 2021 owing to the increased emphasis on logistics infrastructure and the growing public-private partnerships model. The high share is attributable to the growing demand for roadways vehicles in the long-distance transportation of retail products, especially in domestic regions

List of Key Players in the U.S. Retail Logistics Market

• APL Logistics Ltd
• P. Moller – Maersk
• H. Robinson Worldwide, Inc.
• DSV
• DHL International GmbH
• FedEx
• Kuehne + Nagel International
• Nippon Express
• Schneider
• United Parcel Service
• XPO Logistics, Inc.

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U.S. Factoring Services Market Segment Analysis By Category, Type, Financial Institution, End-Use And Forecast Till 2030: : Grand View Research Inc.

San Francisco, 6 July 2022: The Report U.S. Factoring Services Market Size, Share, & Trends Analysis Report By Category, By Type, By Financial Institution, By End Use, And Segment Forecasts, 2022 – 2030

The U.S. factoring services market size is expected to reach USD 287.61 billion by 2030 and expand at a CAGR of 8.1% from 2022 to 2030, according to a recent report by Grand View Research, Inc. The market growth can be attributed to the increased awareness and understanding of supply chain financing benefits, and the rising implementation of digital platforms in trade financing. The COVID-19 outbreak significantly affected the U.S. economy leading to supply chain and market disruptions, and inducing a severe financial impact on enterprises and financial markets. As a result, several trucking companies, such as eCapital, Thunder Funding, RTS Financial, and Apex Capital Corp, are having to adapt to the shifts in the supply chain with the help of technological advancements. This will improve the overall supply chain process by reducing operational costs and enhancing the security across the system.

The growing focus on the improvement of cash flow, reduction in day’s sales outstanding, and reduced accounting cycle time are the major factors driving the growth of the regional market. Manufacturing companies are looking for new opportunities to improve production processes, support employees in simplifying work while maintaining accuracy and create new and innovative products. Manufacturers are embracing new trends, especially in technology, to remain competitive in the market. With the growing propensity of businesses toward digitalization and automating the process, the demand for accounts receivable automation has seen a surge. The adoption of such types of technologies will further boost the factoring market in the U.S. during the forecast period.

The growing demand for precise management of accounting procedures and timely processing of payment processes from customers is contributing to the growth of the market. These capabilities streamline and improve performance by utilizing e-invoicing, scanning, and workflow, online tracking and reporting capabilities, mobile solutions, electronic invoice dashboards, and analytics for all invoices. It allows organizations to successfully drive the transformation of their accounts receivable departments to overcome the challenges of manual and paper-based processes. This will supplement the growth of the regional market during the forecast period. 

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U.S. Factoring Services Market Report Highlights

• The international segment is expected to witness a significant CAGR of 8.8% during the forecast period owing to the rise in open trade accounts, especially from suppliers in emerging economies. The major importers or suppliers in developed countries are considering factoring as a suitable alternative to conventional forms of trade finance, which is further expected to drive the demand for the factoring services in the U.S.
• The non-recourse segment is expected to observe a CAGR of 8.6% during the forecast period. Non-recourse factoring provides lower advanced rates, no long-term contracts, and full credit cover offered by the financing company. These benefits will supplement the growth of the segment in the projection period
• The banks segment is expected to witness significant growth of a CAGR of 7.9% during the forecast period, due to the increasing requirement for alternative sources of financing for Micro, Small and Medium Enterprises (MSMEs). However, the need for working capital should be one of the priorities of MSMEs while running their business and requirements can be triggered by the occurrence of seasonal differences in cash flow, improved business, and events of crisis management among others. Such challenges faced by MSMEs can be addressed by levering factoring services by several banks
• The healthcare segment is expected to observe a CAGR of 9.8% during the forecast period. Insurance-related complications and delays in medical bill payment of medical companies or professionals due to bureaucracy in the payment process are likely to accelerate the demand for factoring services in the healthcare segment during the forecast period

List of Key Players in the U.S. Factoring Services Market

• HSBC Group
• BNP Paribas
• Barclays Plc
• RTS Financial Services, Inc.
• TCI Business Capital
• Riviera Finance of Texas, Inc.
• CIT Group Inc.
• Triumph Business Capital
• Breakout Capital, LLC
• Charter Capital Holdings LP

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Back To School Market Trends Analysis Report By Type, Distribution Channel, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 6 July 2022: The Report Back To School Market Size, Share & Trends Analysis Report By Distribution Channel (Offline, Online), By Type (Clothing & Accessories, Electronics), By Region (CSA, Asia Pacific), And Segment Forecasts, 2022 – 2028

The global back to school market size is estimated to reach USD 245.7 billion by 2028 and is expected to grow at a CAGR of 5.2% from 2022 to 2028, according to a new report by Grand View Research, Inc. The global market growth is significantly driven by the increasing population and rising percentage of primary and secondary school enrollment, mostly in developing nations. Government initiatives and expansion of school programs across the globe are driving the demand for school supplies and stationery, propelling the growth of the market. A rapid growth in the retail sector and significant improvement in digital technology also drive the market on the account of the easy and fast accessibility & availability of school supplies and products. The COVID-19 pandemic negligibly affected the global market.

The majority of the shopping, which is done from June to September, was not heavily affected by the COVID-19 restrictions. Over the forecast period, the market is expected to gain momentum due to increasing spending on electronics for online schooling, and witness a healthy & steady growth rate. On the basis of types, the electronics segment is anticipated to witness significant growth during the forecast period. The high demand for smartphones and laptops is driving the segment growth. COVID-19 pandemic-induced increased penetration of smart classrooms and green school format is also boosting the demand for electronic gadgets, which is likely to drive the segment growth. The online segment is estimated to register the fastest CAGR from 2022 to 2028.

Increasing consumer preference for online platforms due to quick & easy shopping experience, convenience, and discounts on product prices is also driving the segment growth. Moreover, due to the COVID-19 pandemic, many vendors and manufacturers have adopted an online sales mode, which is expected to drive the growth of the segment during the forecast period. For instance, The Stationery Store launched an online website in March 2021. Central and South America are anticipated to witness the second-fastest CAGR during the forecast years. Economic development, urbanization, and enhancement of the education system are expected to drive the region’s growth. Government initiatives and private organizations are spreading awareness about the importance of primary and secondary schooling in the region. This is expected to drive the demand further.

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Back To School Market Report Highlights

• Asia Pacific accounted for the largest market revenue share in 2021 and will expand further at a steady CAGR from 2022 to 2028
• The growth can be attributed to the rising school-going population and a strong presence of key market players in the APAC region
• On the basis of types, the clothing and accessories segment accounted for the highest market revenue share in 2021
• High consumer spending on clothing and accessories type is credited for the higher market revenue share
• The offline distribution channel segment accounted for the maximum revenue share in 2021, as these channels are well-established and are widely available

List of Key Players in the Back To School Market

• The ODP Corp.
• com, Inc.
• Acco Brands Corp.
• Staples Inc.
• Apple Inc.
• Faber Castell AG
• Newell Brands Inc.
• ITC Ltd.
• Tommy Hilfiger B.V.
• Mitsubishi Pencil Co. Ltd.

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Alcoholic Drinks Market Focusing On The Basis Of Type, Distribution Channel, Region And Forecast 2028 : Grand View Research Inc.

San Francisco, 5 July 2022: The Report Alcoholic Drinks Market Size, Share & Trends Analysis Report By Type (Beer, Spirits, Wine, Cider, Perry & Rice Wine, Hard Seltzer), By Distribution Channel, By Region, And Segment Forecasts, 2022 – 2028

The global alcoholic drinks market size is expected to reach USD 2,877.2 billion by 2028, registering a CAGR of 10.3% during the forecast period, according to a new report by Grand View Research, Inc. This can be attributed to the growing demand for premium beer, wine, and dark spirits across the globe. Moreover, the growing trend to consume artisanal spirits is further anticipated to boost market growth during the forecast period. The increasing procurement of Scottish whiskey in Europe is a major factor to propel market growth. Moreover, the growing demand for value-added cordials and liquors across the world is anticipated to boost business growth. Rising demand to procure cost-effective alcoholic cocktail products is expected to be an upcoming opportunity for the market.

Hard seltzer segment is projected to register the fastest growth during the assessment period. This can be credited to the rising demand for watermelon and cucumber craft hard seltzer in the U.S. and Canada. The hard seltzer blueberry and acai is the popular trend in the U.K. which is majorly consumed in the winter season to improve the human digestion system. The seltzer black cherry will contribute in building sales, which, in turn, is likely to refuel the market during the forecast period. The key players in the market are launching the old-aged rum product to meet the growing demand for alcoholic beverages. At present, the prime key players are adopting a sustainable manufacturing process for alcoholic beverages to maintain the bizarre taste of the drink. The rapid growth of the e-commerce industry in Asia Pacific will project to showcase significant market growth during the forecast period.

Liquor stores contributed a share of more than 25% in the global market revenue in 2020. This growth is owing to the supportive steps taken by several government regulators across the world to diminish the complexity of liquor licenses. The large customer base for alcohol consumption will encourage retailers to expand their network chain of the liquor stores. North America dominated with a revenue share of more than 30% in 2020. The growing consumption of malt scotch whiskey in the U.S. and Canada is anticipated to propel market growth. The market share of the U.S. is mainly driven by the growing consumption rate of ale, German-style altbier, and the ordinary bitter special type of beer. Moreover, the growing for acceptance of rum and brandy in Canada is anticipated to boost market growth.

Europe is projected to witness the 2^nd fastest CAGR of 10.4% from 2022 to 2028. Europe is the leading producer and consumer of alcoholic drinks in the world. The major key players namely Carlsberg A/S, Diageo Plc, and Anheuser-Busch InBev SA/NV are highly contributing to revenue generation in the market for alcoholic drinks by using multiple strategies.

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Alcoholic Drinks Market Report Highlights

• In Asia Pacific, the market is expected to register the fastest CAGR of 11.1% from 2022 to 2028 owing to the increasing demand for California common beer in the region. The increasing demand for Belgian-style Flanders from the consumers of China and India is further anticipated to boost market growth
• The beer segment accounted for the highest revenue share of more than 37.0% in 2021 due to the growing demand for sweet stouts and wheat beer
• North America dominated the market and accounted for revenue share of more than 33.0% in 2021 due to growing demand for sour beer in the U.S. and Canada. The increasing demand for Irish Ale from the consumers of Canada will help boost market growth
• The liquor stores segment held the largest revenue share in 2021. The rapid drift of the consumers toward the diversified portfolio of the alcoholic beverages is encouraging to form a retail chain of alcohol stores

List of Key Players in the Alcoholic Drinks Market

• Anheuser-Busch InBev SA/NV
• Bacardi Limited
• Beam Suntory Inc.
• Constellation Brands Inc.
• Diageo Plc
• Molson Coors Brewing Co.
• Pernod Ricard SA
• United Spirits Ltd.
• Asahi Breweries Ltd.
• Carlsberg A/S

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