Mobile phone accessories such as protective cases, portable chargers, headphones, memory cards and other accessories are essential complements for mobile phones. The increasing adoption of smartphones along with the rising disposable income of consumers in India is driving the demand for mobile phone accessories in the country.
The global India Mobile Phone Accessories Market is estimated to be valued at US$ 2455.97 Bn in 2023 and is expected to exhibit a CAGR of 9.72%over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity Increasing penetration of smartphones in India presents a key market opportunity for mobile phone accessories market. India has emerged as one of the world's largest smartphone markets and is expected to surpass the US to become second largest smartphone market globally by 2022. The smartphone user base in India is estimated to reach 820 million by 2022 from around 450 million in 2017 growing at a CAGR of over 11%. With the proliferation of affordable smartphones from domestic and Chinese brands, smartphone penetration is expected to deepen further in the rural and semi-urban areas of the country. This growing smartphone installed base will drive the demand for various mobile phone accessories such as protective cases, portable chargers, headphones and earphones thereby presenting lucrative growth opportunities for mobile phone accessories market players in India. Porter's Analysis: Threat of new entrants: The threat of new entrants in the India mobile phone accessories market is moderate. While the market is highly fragmented, mobile phone brands have strongholds with loyal customers. New entrants require substantial investment to develop competitive products and build brand awareness. Bargaining power of buyers: The bargaining power of buyers is high. Buyers have a variety of options to choose from across product segments and a wide range of mobile phone brands and accessories manufacturers. Buyers can find substitute products easily if prices are high. Bargaining power of suppliers: The bargaining power of suppliers is moderate. While a few raw material suppliers dominate the market, manufacturers can switch to alternate suppliers if prices increase significantly. Suppliers also rely on manufacturers for off-taking materials. Threat of new substitutes: The threat of substitutes is moderate. While other portable consumer electronics compete for consumer spending, mobile phones remain highly functional devices for communications and media consumption. Competitive rivalry: Competition in the mobile phone industry is intense. SWOT Analysis: Strengths: The India market has a growing middle class with rising disposable incomes. High mobile phone penetration has increased demand for accessories. E-commerce has expanded reach into rural markets. Weaknesses: Frequent changes in technology and product life cycles leads to high inventory risks. Unorganized sector dominates retail sale. Opportunities: Growth in demand for wearable devices, power banks, and earphones present new opportunities. Increasing share of online retail channels can boost sales. Emerging technologies like 5G may fuel replacement cycles. Threats: Rising import duties can increase costs. Stringent regulations regarding e-waste treatment pose compliance challenges. Economic slowdowns impact discretionary consumer spending. Key Takeaways: The Global India Mobile Phone Accessories Market Growth is expected to witness high over the forecast period supported by rising incomes, tech adoption and increasing digital lifestyle among Indian consumers. The global India Mobile Phone Accessories Market is estimated to be valued at US$ 2455.97 Bn in 2023 and is expected to exhibit a CAGR of 9.72%over the forecast period 2023 to 2030. Regional analysis: The mobile phone accessories market in Southern India, led by the states of Tamil Nadu, Karnataka and Telangana is one of the fastest growing regional markets accounting for over 30% market share. The availability of skilled workforce for manufacturing and rise of domestic manufacturing hubs have boosted the growth of the accessories industry in this region. Key players: Key players operating in the India mobile phone accessories market are Graphic Packaging International, Dart Container Corporation, Konie Cups International Inc., Huhtamaki OYJ, Kap Cones Private Limited, Eco-products Inc., Phoenix Packaging Operations LLC, Detmold Group, Benders Paper Cups, Georgia Pacific LLC, Go-Pak UK Ltd, and Genpak LLC. Graphic Packaging International is one of the leading players focusing on sustainable packaging solutions for the accessories market in India. Explore more information on this topic, Please visit- https://www.dailyprbulletin.com/india-mobile-phone-accessories-market-share-size-and-growth-share-trends-analysis-demand-forecast/
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Hydroxyapatite Is Estimated To Witness High Growth Owing To Rising Demand For Bone Graft Substitutes12/27/2023 Masking tape, also known as painter's tape, is a type of pressure-sensitive tape made with a thin and easy-to-tear paper backing. It is available in various widths and lengths, and it is designed to temporarily bond surfaces together without causing residue during its removal. Masking tape is used in a variety of applications like painting, finishing, wet work, thermal protective masking and packaging. It provides a protective cover to areas that should not be treated during surface preparation and refinishing. The tape protects adjacent surfaces from unwanted overspray and debris.
The global India Masking Tape Market is estimated to be valued at US$ 248.72 Mn in 2023 and is expected to exhibit a CAGR of 4.59%over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The increasing usage of masking tape in automotive and construction industry is offering a major market opportunity for the growth of India masking tape market. Masking tape is widely used in automotive industry for masking trim pieces, windows, lamps, grilles, and other components during spray painting process. It is also used for bundling wires and hoses. Similarly, in construction industry, masking tape finds application for protecting floors, fixtures, and other surfaces from paint splashes, dust, and other debris generated during refinishing and renovation work. Thus, the rising automotive production and increasing construction activities are augmenting the demand for masking tape in India. Porter's Analysis Threat of new entrants: The India masking tape market is moderately consolidated, which poses moderate threat of new entrants. Established players dominate the market making entry difficult for new players. However, low initial capital requirement provides opportunities for small players to enter. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes. However, established brands and quality differentiation increases switching costs. Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of raw materials from multiple sources globally. However, regulatory standards and certifications requirements create vendor lock-ins. Threat of new substitutes: Threat of substitutes is moderate as new adhesive technologies can replace masking tape. However, masking tape is affordable and serves specific application areas better than alternatives. Competitive rivalry: The market exhibits high competitive rivalry due to presence of large producers. Players differentiate based on adhesive quality, backing materials and product innovation. SWOT Analysis Strengths: Wide application areas in automotive, painting, construction industries. Low production cost and affordable price point increases demand. Weaknesses: Low brand loyalty, commoditization threatens margins. Dependence on raw material price volatility. Opportunities: Growth in automotive and infrastructure industries. Product diversification into new grades and technologies. Threats: Strict environmental regulations can increase costs. Substitutes from new adhesive technologies. Intense competition limits pricing power. Key Takeaways The India Masking Tape Market Growth is expected to witness high led by increasing infrastructure spending and automotive production. The global India Masking Tape Market is estimated to be valued at US$ 248.72 Mn in 2023 and is expected to exhibit a CAGR of 4.59%over the forecast period 2023 to 2030. North India dominates the market currently due to presence of major automotive and construction hubs. Western and Southern regions are also growing steadily on back of rapid urbanization. North India accounts for over 35% share led by states like Delhi NCR, Haryana, Uttar Pradesh. West and South India also witnessing high growth led by industrialization and infrastructure projects in Gujarat, Maharashtra and Karnataka. East India is growing at a slower pace compared to other regions. Key players operating in the India masking tape market are EnableX.io (VCLOUDX PTE. LTD), Twilio Inc., Infobip Ltd., Vonage Holdings Corp, M800 Limited, MessageBird BV, Iotum Inc., Plivo Inc., Voxbone SA, Snich AB, Telestax, Voximplant (Zingaya Inc.), Mitel Networks Corporation, 8x8 Inc., AT&T Inc., Voxvalley Technologies, Avaya Inc., Bandwidth Inc. (Bandwidth.com), Wazo Communication Inc., and IntelePeer Cloud Communications. Players focus on new grades, consolidation and expanding distribution networks toincrease market share. Price wars are common as market undergoes commoditization. Innovation in adhesive formulations and backing materials expected to define future competitiveness. Explore more information on this topic, Please visit- https://www.dailyprbulletin.com/india-masking-tape-market-share-size-and-growth-share-trends-analysis-demand-forecast/ The India De Aromatic Solvents market is a US$ 5243.81 Bn industry and is gaining significance owing to increasing demand from paints and coatings industry. India is the world's largest paint producer and paints application is growing at a CAGR of over 10% given the increased construction activities in the country. De Aromatic solvents are used as thinners and diluents in various paint formulations to impart desirable properties like flow, leveling and drying, thus increasing the overall demand for De Aromatic solvents from this industry.
The global India De Aromatic Solvents Market is estimated to be valued at US$ 5243.81 Bn in 2023 and is expected to exhibit a CAGR of 7.7 over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The growing paints and coatings industry in India presents a key opportunity for the De Aromatic Solvents market. As per industry estimates, India's paint industry is projected to witness a demand of 6.5 million tons by 2025 given increasing construction activities, infrastructure projects, and focus on aesthetics and interior designing. This surging demand from the paints sector will subsequently boost the consumption of De Aromatic solvents used as thinners, diluents and carriers in paint formulations. In order to capture this opportunity, De Aromatic solvent manufacturers should focus on developing formulations customized for the Indian paint industry and collaborate with major paint producers for a stable supply chain. Enhanced product development and strategic partnerships could help leverage the potential growth avenues emerged due to expanding paints sector in the country. Porter’s Analysis Threat of new entrants: The threat of new entrants is moderate as existing players have strong brand visibility and economies of scale in place. However, low entry barriers encourage new players to enter the market. Bargaining power of buyers: Buyers have high bargaining power due to the availability of substitutes products. Buyers can easily switch to substitute products based on price factors. Bargaining power of suppliers: Suppliers have moderate bargaining power since raw material availability from alternate sources balances their position. Threat of new substitutes: Threat of substitutes is high due to easy availability of alternate product types that can be used for similar applications. Competitive rivalry: The competitive rivalry is high due to presence of many domestic and international brands competing for market share. SWOT Analysis Strength: India has a large consumer base and rising industrial activity driving demand for aromatics solvents. Availability of raw materials and skilled manpower provides competitive advantage. Weakness: Market is highly fragmented with presence of several unorganized players. Lack of R&D investment limits product innovation. Opportunity: Growing paints, coatings, cleaning agents industries expected to boost aromatics demand over the forecast period. Rising per capita income expands scope for premium products. Threats: Stringent environmental regulations increase compliance cost. Import duties subject aromatics to price volatility in international markets. Key Takeaways The Global India De Aromatic Solvents Market Growth is expected to witness high. The market size for 2023 is estimated at US$ 5243.81 Bn and forecast to reach US$ 9832.14 Bn by 2030 at a CAGR of 7.7. Regional analysis indicates that western region holds the largest market share currently owing to large presence of end-use industries like paints & coatings. Eastern region is expected to be the fastest growing market during the forecast period backed by government initiatives to promote industrialization. Key players operating in the India De Aromatic Solvents market are Novo Nordisk A/S, Eli Lilly and Company, AstraZeneca PLC, Sanofi S.A., Merck & Co., Inc., Boehringer Ingelheim International GmbH, Takeda Pharmaceutical Company Limited, Johnson & Johnson, Bristol-Myers Squibb Company, AbbVie Inc., Pfizer Inc., Mylan N.V., Novartis International AG, Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., among others. Major players are focusing on new product launches and production capacity expansions to strengthen their market position. Explore more information on this topic, Please visit- https://www.dailyprbulletin.com/india-de-aromatic-solvents-market-share-size-and-growth-share-trends-analysis-demand-forecast/ The India alcohol market comprises alcoholic beverages such as beer, wine, spirits and others. Alcoholic beverages are widely consumed across various occasions owing to their positive effects in socializing and recreational activities. Beer dominates the Indian alcohol market and is a preferred drink among youth and millennial population. Beer provides refreshing experience to consumers due to its low alcohol by volume. The rising disposable income and growing socializing trend have increased the beer consumption in India in last few years.
The global India Alcohol Market is estimated to be valued at US$ 49580 Mn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: One of the major opportunity for growth in the India alcohol market is the increasing consumption rates among millennials. Millennials in India have become one of the largest consumers of alcohol owing to rising socializing habits. They consider drinking as a way to socialize and unwind from daily stress. The alcohol companies are strategizing their marketing initiatives and launching new product varieties targeting the millennial population in India. They are introducing innovative beer flavors and cocktail recipes to attract younger consumers. If the alcohol manufacturers successfully build brand recognition among millennials, it can drive the future growth of the India alcohol market during the forecast period. Focusing marketing strategies on millennial population will help companies tap into the growing consumption potential from this demographic segment. Porter’s Analysis Threat of new entrants: The threat of new entrants is moderate in the India alcohol market. Expanding distribution networks and establishing brand recognition require significant investments which deter new players. However, low raw material and labor costs provide some incentive for new entrants. Bargaining power of buyers: The bargaining power of buyers is high. The market has numerous local producers providing substitutable products. Buyers can easily switch to alternatives if quality declines or prices rise too high. Bargaining power of suppliers: The bargaining power of suppliers is moderate. Although raw material costs contribute significantly to production costs, their supply chains are well established. However, suppliers of specialized production equipment have some pricing power. Threat of new substitutes: The threat of new substitutes is moderate. While alternative beverages like fruit juices, carbonated drinks, and bottled water are options, alcohol fills a unique social and recreational need. However, growing health-consciousness could boost substitutes over time. Competitive rivalry: Rivalry among existing competitors is high due to many regional and national firms vying for market share. Players compete on branding, quality, pricing, and distribution. SWOT Analysis Strengths: Wide supply base for raw materials like grains, molasses and sugarcane. Strong traditions and social acceptance of alcohol. Established distribution networks. Weaknesses: Skewed excise taxation increases product costs. High dependence on rains for agricultural inputs exposes it to climate risks. Outdated technologies at some SME production levels impact quality. Opportunities: Growing young population and socializing trends boost demand. Innovation in premium and new product categories like craft beers and spirits. Export potential to international markets. Threats: Rising health awareness and anti-obesity campaigns could hurt demand long-term. Stricter drunk-driving laws and litigations pose regulatory risks. Income volatility makes the industry prone to economic downturns. Key Takeaways The Global India Alcohol Market Growth is expected to witness high over the forecast period of 2023-2030. The increasing young population, growing socializing trends and celebrations in the country are driving the market. The global India Alcohol Market is estimated to be valued at US$ 49580 Mn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030. Regional analysis indicates that southern India accounts for the lion's share of the market currently owing to strong liquor consumption traditions. States like Kerala, Tamil Nadu, Telangana and Karnataka dominate production and sales. Western India is another major regional market led by Maharashtra and Gujarat. Northern and eastern states arewitnessing fastest growth aided by rising disposable incomes of young urban populations. Key players operating in the India alcohol market are DIC CORPORATION, Solvay S.A., Lion Idemitsu Composites Co., Ltd, Toray Industries, Inc., Tosoh Corporation, SK chemicals, Chengdu Letian Plastics Co., Ltd., Celanese Corporation, TEIJIN LIMITED, SABIC, Zhejiang NHU Co., Ltd., LG Chem, RTP Company and Ensinger.These players are focusing on new product development, expansions and partnerships to strengthen market presence. Explore more information on this topic, Please visit- https://www.dailyprbulletin.com/india-alcohol-market-share-size-and-growth-share-trends-analysis-demand-forecast/ Hydrogen Vehicle Market For Witnessing High Growth Due To Growing Demand For Zero-Emission Vehicles12/26/2023 Hydrogen vehicles is an emerging technology that utilizes hydrogen as a fuel for electric vehicles. It is zero-emission vehicle that only emits water vapor and heat. Hydrogen vehicles are advantageous over other electric vehicles as it offers faster refueling and longer driving range on a single charge equivalent to gasoline vehicles. The growing environmental concerns and stringent emission norms are fueling the demand for clean fuel vehicles. Various governments across regions are supporting the adoption of hydrogen vehicles through investment in hydrogen refueling infrastructure and providing purchase incentives.
The global hydrogen vehicle market is estimated to be valued at US$ 3.58 billion in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity The growing demand for zero-emission vehicles from commercial transportation sectors such as buses, trucks poses significant market opportunity for hydrogen vehicles. Many commercial fleet operators are looking to replace aging diesel fleet with hydrogen vehicles to meet clean air targets. They are willing to adopt hydrogen vehicles if upfront costs come down with technology maturation and scale of production. Development of bulk hydrogen production and distribution infrastructure for commercial fleets can help accelerate the adoption of hydrogen vehicles for commercial transportation. This presents an opportunity for hydrogen vehicle manufacturers and energy companies to collaborate and establish hydrogen ecosystems catering to commercial sectors. Porter's Analysis Threat of new entrants: The high capital requirements and large economies of scale needed for full production limits the threat of new entrants. Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes but preferences towards green vehicles is increasing buyer power. Bargaining power of suppliers: Suppliers have moderate bargaining power due to differentiation in fuel cells and other hydrogen technologies. Threat of new substitutes: Electric vehicles are the major threat being more efficient however, hydrogen vehicles are useful for commercial applications requiring higher range. Competitive rivalry: Intense as key players are investing heavily in developing advanced hydrogen technologies. SWOT Analysis Strength: Hydrogen vehicles emit only water and have a higher driving range than electric vehicles. They can be refueled rapidly similar to petrol/diesel vehicles. Weakness: High production costs of fuel cells. Lack of hydrogen refueling infrastructure limits widespread adoption. Opportunity: Increasing government support through subsidies and incentives is promoting the adoption of clean technologies. Growth in the mobility as a service industry presents new application areas. Threats: Prospect of advanced battery technologies increasing the driving range of electric vehicles poses a challenge. Public perception around safety of hydrogen may hinder commercialization. Key Takeaways The Global Hydrogen Vehicle Market Growth is expected to witness high over the forecast period of 2023 to 2030. The global hydrogen vehicle market is estimated to be valued at US$ 3.58 billion in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023-2030. Asia Pacific dominates the global market currently due to the presence of major automakers and government initiatives in countries like Japan, South Korea, and China towards developing hydrogen infrastructure and fuel cell technologies. Countries like Japan, South Korea and China are leading the way with pilot projects and incentives to develop the hydrogen economy. Key players: Key players operating in the hydrogen vehicle market include Toyota, Honda, Hyundai, Daimler, Volkswagen, BMW, Volvo, General Motors, Ford, and Renault. Toyota is a foremost leader with its Fuel Cell Sedan - Mirai while Hyundai offers the Nexo fuel cell SUV. Both companies are ramping up production to drive costs down through economies of scale. Explore more information on this topic, Please visit- https://www.dailyprbulletin.com/hydrogen-vehicle-market-share-size-and-growth-share-trends-analysis-demand-forecast/ Maritime security refers to measures adopted by government agencies and private organizations to protect ports, ships, and other maritime facilities and assets against threats. Increased maritime trade has heightened the need for security against threats like piracy, terrorism, and smuggling. Maritime security products include biometric systems, x-ray & screening systems, surveillance systems, and safety & security systems that help secure ports and vessels.
The global Maritime Security Market is estimated to be valued at US$ 24961.1 Mn in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: One of the major opportunities driving the growth of the maritime security market is combating pirates and terrorists. Maritime piracy and terrorism continues to pose severe threats to global trade and energy supplies. As per reports, pirate attacks in the Gulf of Guinea off West Africa's coast have been rising rapidly in recent years. Terrorist groups are also increasingly targeting vessels, especially oil tankers. This has heightened security concerns. The implementation of advanced security systems can help curb such unlawful activities at sea by enhancing vessel protection, maritime domain awareness, and coastal surveillance. Technologies such as command and control systems, biometric access control, screening and scanning, GPS tracking, and anomaly detection solutions are playing a key role in thwarting piracy and terrorist threats, thereby boosting demand in the market. Porter's Analysis: Threat of new entrants: The maritime security market has moderate threat from new entrants due to high initial capital investment requirements for establishing advanced systems. However, the growth opportunities attract new players. Bargaining power of buyers: The bargaining power of buyers in the maritime security market is high. Buyers can negotiate on pricing and switch between providers easily as there are multiple system providers. Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are multiple component manufacturers. However, suppliers of critical components can influence prices. Threat of new substitutes: There is low threat from substitutes as maritime security systems integrate various aspects like access control, video surveillance, and analytics that are not easily substitutable. Competitive rivalry: The competitive rivalry in the market is high due to the presence of numerous global and regional players offering differentiated solutions. SWOT Analysis: Strengths: Growing maritime trade and emphasis on security are driving demand. Systems offer multi-layered protection through technologies. Weaknesses: High installation and maintenance costs can restrain demand from small ports/vessels. Systems require expertise for effective implementation and management. Opportunities: Digitization of ports and integration with other digital solutions provide growth opportunities. Governments promoting development of smart ports. Threats: Cyber threats and vulnerabilities pose security challenges. Economic slowdowns can decline maritime trade and hamper market growth. Regulations different across regions. Key Takeaways: The Global Maritime Security Market Growth is expected to witness high supported by growing maritime trade and emphasis on protection of ports and vessels from internal and external threats. The global Maritime Security Market is estimated to be valued at US$ 24961.1 Mn in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023 to 2030. Regional analysis: The Asia Pacific region is currently the fastest growing as well as the largest market for maritime security globally. Countries like China, India, Japan, and Singapore have major ports that handle a significant share of global maritime trade. These countries are Witnessing rising maritime threats and thereby focusing on port digitization and upgrading security infrastructure. Key players: Key players operating in the maritime security market are C L Pharm, Cure Pharmaceutical, Sunovion Pharmaceuticals Inc., ZIM Laboratories Limited, NAL Pharma, Viatris, LTS Lohmann Therapie-Systeme AG, IntelGenx Corp., and Aquestive Therapeutics Inc., among others. These players offer comprehensive solutions combining technologies such as radar systems, video surveillance, x-ray screening and RFID for access control and monitoring. Explore more information on this topic, Please visit- https://www.dailyprbulletin.com/maritime-security-market-size-and-share-analysis-growth-trends-and-forecasts/ |
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