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Latest Market Research, Updates And Highlights Of The Market.

Shipping Containers Industry Procurement Intelligence till 2027 | COVID-19 Impact and Global Analysis

Containers are used to transport bulk materials via container ships on seaways. A shipping container is usually made of sturdy material which ranges from reusable steel boxes that are used for intermodal shipment, ubiquitous corrugated boxes, or even wooded pallets. While shipping containers may come in various sizes, the four most popular sizes of container sizes are 8-feet shipping container, 10-feet shipping container, 20-feet shipping container, a 40-feet shipping container. Even among these varieties of sizes, the 20-feet and the 40-feet shipping containers are the most popular containers. The shipping containers are essentially manufactured as per ISO specifications not only to have a hassle-free loading and unloading but also to be capable of withstanding extreme environments and maintain their structural integrity during a voyage.

Read report summary or request a free sample copy of the report “Shipping Containers Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global shipping container market is expected to be valued at USD 6.4 billion in 2027. While the shipping and transportation market is currently facing a shortage in the supply of containers, it is expected that the supply of shipping containers will increase during the period of forecast. The anticipated CAGR during the period of forecast (2020 to 2027) is 12.0%. From a market segmentation perspective, based on the type of container, dry containers occupied approximately 70% market share in the overall container market and it is expected to drive the market during the period of a forecast as well.

The COVID pandemic negatively influenced the shipping containers industry. WTO has analyzed that there was a 9.2% decline in the volume of global merchandise trade in 2020 (compared to its previous year). In 2021, the trade volumes increased by 7.2% as compared to the trade-in 2020. The increased trade volume from 2021 was mostly carried out through containers. This indicates the growing demand for containers for trading.

Cost Drivers

Growth in international trade is boosting the demand for intermodal shipments. However, there is currently there is a global shortage of containers and due to this, the tariff rates for transport have been increasing continuously. This is prompting the shipping and transport providers to take several actions like optimization of ship routes to touch base with more ports, increasing the number of available ships over an extended period and introducing more containers into the market. These steps will help in the growth of the market.

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Key suppliers of shipping containers are:

  • China International Marine Containers Co. Ltd.
  • Maersk Container Industry AS (A.P. Moller)
  • CXIC Group, Singamas Container Holdings
  • Bertschi AG, CXIC Group
  • W&K Containers, Inc.
  • Thurston Group Limited
  • OEG
  • Sea Box, Inc.
  • IWES Ltd.
  • Norcomp Nordic AB

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About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends

Price and Cost Intelligence – pricing models adopted for the category, the total cost of ownership

Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

Find More information @ https://www.grandviewresearch.com/pipeline 

Contact Information:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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Refrigerated Transport Industry Procurement Intelligence, Outlook And Top Players 2020-2027

Refrigerated transport is a method of transporting shipments (Meats, fish, fruits, vegetables, pharmaceutical products, etc.) with specially designed temperature-controlled trucks or vehicles. The transporting trucks have a built-in refrigeration system that maintains the regulated temperature through the shipment process. Based on the type of cargo carried, refrigerated transport vehicles can be categorized into the following segments:

  • Isothermal trucks: It has insulating walls, as well as the floor and ceiling inside the merchandise section to control the temperature.
  • Refrigerated trucks: This isothermal vehicle manages to reduce the temperature inside the cargo area and preserve it for a long duration.
  • Fully integrated refrigerated truck: The truck has a device that cools the cargo box. It reduces the temperature inside the merchandise and keeps it stable between 12 degrees and -20 degrees, depending on the product inside the vehicle.
  • Calorific truck: It generates heat and manages to increase the interior temperature (above 12 degrees) and keep it stable for around 12 hours.

Read report summary or request a free sample copy of the report “Refrigerated Transport Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global refrigerated transport market was valued at USD 16 billion in 2020 and it is expected to grow at a CAGR of 6% from 2020 to 2027 due to the increasing trade of perishable commodities across the globe. The fish & seafood industry is the largest contributor in the end-user segment of the global refrigerated transport market with more than 50% revenue share. APAC is the largest geographic segment in the global industry due to the strong presence of the seafood and meat industry across the region. APAC accounted for more than 40% of revenue share.

Cost Drivers

The cost of refrigerated transport services can be categorized into two parts. Cost of vehicle (Fixed cost) and service costs (Variable cost). The fixed cost has a small share in the overall cost of refrigerated transport services. Whereas, variable costs play a crucial role in determining the total cost of refrigerated transport services. Fuel costs, driver wages, insurance, toll charges are the major variable cost component. Fuel costs and driver wages accounted for 55-60% of the overall cost of service. The share of fuel costs and driver wages changes based on region. For instance, driver wages in APAC countries are 25-35% lower than in North America and Europe.  

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Some of the leading refrigerated transport service providers:

  • C. H. Robinson
  • DB Schenker
  • United Technologies
  • Daikin Industries
  • Ingersoll-Rand
  • China International Marine Containers
  • Utility Trailer
  • Singamas Container
  • Schmitz Cargobull
  • Fahrzeugwerk Bernard Krone
  • Lamberet

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About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends

Price and Cost Intelligence – pricing models adopted for the category, the total cost of ownership

Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

Find More information @ https://www.grandviewresearch.com/pipeline 

Contact Information:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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Recycled Glass Industry Procurement Intelligence till 2027 | COVID-19 Impact and Global Analysis

Growing awareness about the environment and the need of reducing glass waste in driven the need for glass recycling. Glass is 100% recyclable and can be recycled endlessly without loss in quality or purity. Recycled glass can be substituted for up to 95% of raw materials. Recycled glass reduces carbon emissions, reduces the consumption of raw materials of glass manufacturing, extends the life of plant equipment, such as furnaces, and saves energy. Following is the process of industrial glass recycling:

  • Collection of recyclable glass
  • Transportation of recyclable to a material recovery facility (MRF)
  • Collected glass waste is separated by material type
  • Glass from the MRF and drop-off locations is sent to a glass processing company
  • Glass is separated from other waste and contaminants
  • Sorting of glass based on color
  • Glass cullet is sold to glass container manufacturers
  • Glass container manufacturers then use that glass cullet to make new glass containers

Read report summary or request a free sample copy of the report “Recycled Glass Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global recycled glass market was valued at ~USD 4 billion in 2020 and it is expected to grow at a CAGR of 6% from 2020 to 2027 due to the rising demand for an effective and sustainable waste management system. Many governments are promoting the usage of recycled glass for environmental benefits such as, recycling one ton of glass saves 670 kg of C02. Europe is leading the global recycled glass market with more than 30% share. In Europe, 70% of glass bottles are collected for recycling. Countries like Belgium, Sweden, and Switzerland have over 90% recycling rates. In terms of product, the glass cullet segment is the largest segment. It accounted for more than 50% of the overall recycled glass market. More than 95% of glass cullet collected, turn into glasses. The container and fiberglass industries collectively purchase more than 3 million tons of recycled glass annually, which is used in the production of new containers and fiberglass products.

Cost Drivers

Determining the cost of glass recycling is very complicated because, in some countries, waste glass collection is sponsored by glass manufacturers. Whereas, in some cases, the collection is sponsored by local municipal authorities. Predominantly, a glass collecting company or agency does the initial sorting and cleaning of collected waste glass. This process is the major cost driver of glass recycling. It accounted for more than 20% of the glass recycling cost. After cleaning, collection agencies sell the glass to glass container manufacturers. When the glass cullet reaches glass container manufacturers, the cost of glass recycling is determined by the raw material costs. Major raw materials include sand, limestone, soda ash, and cullet. The cost of raw material during glass manufacturing from recycled cullet accounted for more than 50% of the overall cost of production.

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Some of the key suppliers of recycled glass are:

  • Momentum Recycling
  • Strategic Materials
  • Reiling Glass Recycling GmbH & Co. KG
  • Glass Recycled Surfaces
  • Coloured Aggregates Inc.
  • Harsco Corporation
  • Vetropack Holding Ltd.
  • Ngwenya glass
  • Glasrecyclin

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About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends

Price and Cost Intelligence – pricing models adopted for the category, the total cost of ownership

Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

Find More information @ https://www.grandviewresearch.com/pipeline 

Contact Information:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Polyvinyl acetate Industry Procurement Intelligence, Outlook And Top Players till 2027

Polyvinyl acetate (PVA) is a colorless, nontoxic, synthetic resin prepared by the polymerization of vinyl acetate. It has good resistance to UV and oxidation. PVA is extensively used in the packaging industry as adhesives. PVA emulsions are inexpensive and possess good adhesion to many porous substrates, but are not effective on non-porous surfaces. They are one of the main ingredients of water-based glues, commonly referred to as wood glue, carpenter’s glue, Elmer’s glue (USA), or white glue.

PVA is used as an inexpensive, low-toxic, and no odor adhesive to bond and seal high-energy surfaces such as paper, corrugated cartons, cotton, and wood, etc. It is often preferred over other types of adhesives due to its low cost, good stability to light, and yellowing resistance capability. PVA is also used as a plasticizer and thickener for paints, textile finishes, plastics, cement, and chewing gum. It is relatively (~50%) cheaper than other acrylic resins and is therefore often added to acrylic latex paints to reduce the production cost. However, the best exterior water-based paints are 100% acrylic due to elasticity and other factors and polyvinyl acetate is generally viewed as inappropriate for exterior uses due to its water sensitivity.

Read report summary or request a free sample copy of the report “Polyvinyl acetate Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2021 – 2027”

Demand Outlook

The global polyvinyl acetate market was valued at ~USD 5 billion in 2020 and it is expected to grow at a CAGR of 5% from 2021 to 2027 due to increasing demand for adhesive from key industries such as construction, automotive, and furniture. The rising demand for paint and coatings from APAC and Latin American markets is also expected to fuel the growth of the global PVA industry. APAC is the largest geographic segment in the global PVA market with more than 45% market share followed by Europe and North America with 25% and 15% market share respectively. Increasing construction spending coupled with growing industrial development in emerging markets of China and India is anticipated to drive the regional market. APAC PVA market is also expected to witness the highest growth rate during the forecast period.

Cost Drivers

Raw materials and feedstocks are the key cost driver of polyvinyl acetate production. The raw materials are majorly categorized into two segments; solvents and initiators. Solvents include methanol, ethyl acetate, and benzene. Initiators include benzoyl peroxide, azobisisobutyronitrile (AIBN), and lauroyl peroxide. Both solvent and initiators account for more than 40% of the overall cost of production followed by machinery costs, equipment costs, labor costs, and maintenance costs. The price of raw materials are somewhat stable for the last few years. Hence, reducing costs from other components like machinery, equipment and labor would give PVA producers a better profit margin.

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Some of the key suppliers of polyvinyl acetate are:

  • Henkel
  • Vinavil
  • H.B. Fuller
  • Dow
  • Arkema
  • Celanese
  • 3M
  • Hexion
  • ITW Polymers

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About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions. 

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends

Price and Cost Intelligence – pricing models adopted for the category, the total cost of ownership

Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption 

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

Find More information @ https://www.grandviewresearch.com/pipeline 

Contact Information:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Phosphate Industry Procurement Intelligence, Trends and Their Impact On Global Industry till 2025 | Grand View Research, Inc.

Phosphate is one of the most common elements mined primarily from phosphate rock. It is a chemical derivative of phosphoric acid and the majority of its global production is absorbed by fertilizer manufacturing industries in the booming agricultural sector. One metric ton of phosphate rock can produce more than 100 metric tons of phosphate granules. Phosphates can be segmented into the following categories:

  • Orthophosphates: These are found naturally in the environment and in water, but are also artificially added to fertilizers. In swimming pools, orthophosphates are the most prevalent of all types of phosphates.
  • Condensed phosphates: This type of phosphates contain salts, metals or minerals like calcium.
  • Organophosphates: These are organic phosphates (esters of phosphoric acid). Organophosphates are a key ingredient in more than 50% of all pesticides.
  • Inorganic phosphates: Inorganic phosphates are majorly deals with water treatment businesses.

Read report summary or request a free sample copy of the report “Phosphate Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global phosphate market was valued at USD 72 billion in 2020 and it is expected to grow at a CAGR of 2% from 2020 to 2027 majorly due to the rising demand for ammonium phosphate, from the manufacturing market. APAC is leading the global phosphate market with more than 40% share followed by Europe and North America. As agriculture is a core constituent of the economy in APAC countries like India China, these countries are responsible for generating high demand for phosphate and related products for the last five years. For instance, India is one of the leading countries, with more than 25% of world imports for natural calcium phosphates and natural aluminum calcium phosphates. In terms of applications, the phosphate fertilizer segment is expected to have the highest growth rate in APAC countries due to increase in agricultural spending and growing demand.

Cost Drivers

Phosphate rock is the most important feedstock of phosphate production. It is the major cost driver of overall production cost. The cost of phosphate rock accounted for more than 50% of the one-unit phosphate production. In the last two years, the price of phosphate rock fluctuate significantly majorly due to supply-demand disruption during Covid-19. The price of phosphate rock has witnessed a gradual decrease over the last ten years. However, it is expected to increase moderately during the forecast period.

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Some of the key phosphate suppliers are:

  • The Mosaic Company
  • Nutrien Ltd
  • EuroChem Group
  • Innophos
  • PhosAgro Group of Companies
  • Ma’aden
  • Incitec Pivot limited
  • Fertoz Agriculture Pty Ltd
  • Koch Fertilizer, LLC.
  • Mississippi Phosphates Corporation
  • Jordan Phosphate Mines

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About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions. 

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends

Price and Cost Intelligence – pricing models adopted for the category, the total cost of ownership

Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption 

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

Find More information @ https://www.grandviewresearch.com/pipeline 

Contact Information:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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Banking and Financial Services Industry Procurement Intelligence, Outlook And Top Players till 2027

A banking and financial services market include a group or network of institutions, responsible for operating a payment system, providing loans, taking deposits, and helping clients with investments. Banking and financial services can be categorized into ten major categories:

  • Banking: Checking accounts, savings accounts, debit/credit cards, loans, etc.
  • Professional advisory: Investment due diligence, M&A advisory, valuation, real-estate consulting, risk consulting, taxation consulting.
  • Wealth management: Managing and investing customers’ wealth across various financial instruments including debt, equity, insurance products, real estate, etc.
  • Mutual funds: Managing investments on mutual funds.
  • Insurance: Provide personal (automotive, home, medical) and business insurance.
  • Stock market: Provide investment solutions for customers in the stock market.
  • Treasury/debt management: Managing investments into government and private organization bonds (debt).
  • Tax/audit consulting: Determining tax liability, transfer pricing analysis, and structuring.
  • Capital restructuring: The restructuring of capital structure (debt and equity) to bolster profitability.
  • Portfolio management: Analyze and optimize investments for clients across a wide range of assets (debt, equity, insurance, real estate, etc.).

Read report summary or request a free sample copy of the report “Banking and Financial Services Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global banking and financial services market was valued at ~USD 20 trillion in 2020 and it is expected to grow at a CAGR of 6% from 2020 to 2027. The growth is majorly attributed due to the companies rearranging their operations and recovering from the COVID-19 pandemic, which had earlier led to restrictive containment measures including social distancing, remote working, and the closure of commercial activities. Banks and financial service providers are adopting digitization to modernize their commercial lending businesses owing to increasing competition among banks and growing demand for the simplified and quick commercial lending process.

Cost Drivers

The cost of banking and financial services can be categorized into two segments; facility cost and service cost. Facility costs include site management and maintenance cost, in-house machinery cost, etc. However, the major cost driver of the banking sector is the service cost. Service cost is segmented into employee costs, technology costs, training & development costs, employee benefits, taxes, and legal expenses. Among these, employee costs hold more than 60% share in the overall cost of banking and financial services followed by technology and employee training costs.

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Some of the leading banking and financial service providers are:

  • HSBC Holdings
  • Bank of China
  • JP Morgan Chase & Co.
  • BNP Paribas
  • China construction Bank Corp.
  • Mitsubishi UFJ Financial Group
  • Bank of America
  • Industrial and Commercial Bank of China
  • Credit Agricole Group

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About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions. 

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends

Price and Cost Intelligence – pricing models adopted for the category, the total cost of ownership

Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption 

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

Find More information @ https://www.grandviewresearch.com/pipeline 

Contact Information:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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Automotive Sensors Industry Procurement Intelligence, Trends and Their Impact On Global Industry till 2025 | Grand View Research, Inc.

An automotive sensor is a device that monitors the condition and keeps track of almost everything happening in and outside a vehicle, allowing the onboard computers to make decisions. These decisions help to improve engine performance, reduce emissions, improve safety, etc. Following are the most commonly used sensors across different vehicles:

  • Mass airflow sensor
  • Engine speed sensor
  • Oxygen sensor
  • Spark knock sensor
  • Coolant sensor
  • Manifold absolute pressure (MAF) sensor
  • Fuel temperature sensor
  • Voltage sensor
  • Camshaft position sensor
  • Throttle position sensor
  • Vehicle speed sensor

Read report summary or request a free sample copy of the report “Automotive Sensors Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global automotive sensor market was valued at ~USD 25-30 billion in 2020 and it is expected to grow at a CAGR of 7-10% from 2020 to 2027. The increasing adoption of hybrid electric vehicles has increased the demand for various automotive sensors such as current sensors, temperature sensors, cell voltage sensors, and other components for battery management systems. APAC is the largest geographic segment in the global automotive sensor market with more than 50% revenue share in 2020. The growth in APAC is driven by the growing adoption of electric vehicles in China, South Korea, and Japan. Favorable government policies regarding the use of electric vehicles have propelled market potential for automotive sensor makers in the region. For instance, in January 2021, South Korea approved an electric vehicle subsidy budget of USD891.7 million for 2021. EV cars with a price range of less than USD53,000 will be fully subsidized.

Cost Drivers

Raw material cost is the major cost driver of automotive sensor manufacturing. It accounted for more than one-third of the overall cost of production. Thermoplastics like PET (Polyethylene terephthalate), PBT (Polybutylene terephthalate), ceramics are widely used raw materials for automotive sensors. Other major costs include facility costs, machinery costs, labor costs, etc.

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Leading suppliers of automotive sensors are:

  • Analog Devices, Inc.
  • Denso Corporation
  • Robert Bosch
  • Sensata Technologies, Inc.
  • Asahi Kasei Corporation
  • Freescale Semiconducto
  • Maxim Integrated
  • Infineon Technologies AG
  •  Measurement Specialties
  • Tekscan, Inc.
  • Texas Instruments Incorporated 
  • GE Measurement and Control Solutions

Check out the featured Add-on Services offered with Sugar Processing Market Procurement Intelligence Report.

About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions. 

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends

Price and Cost Intelligence – pricing models adopted for the category, the total cost of ownership

Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption 

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

Find More information @ https://www.grandviewresearch.com/pipeline 

Contact Information:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Advanced Driver Assistance Systems Industry Procurement Intelligence, Outlook And Top Players till 2027

The majority of the automotive accidents occurring currently are due to human error or are ones whose impact could have been avoided with better and cautious driving. To reduce and prevent such instances, automotive companies are implementing Advanced Driver Assistance Systems in their vehicles. Advanced Driver Assistance Systems, commonly known as ADAS, provide five safety-essential features. These include pedestrian detection and avoidance, lane departure warning and correction, traffic sign recognition, automatic emergency braking, and blind-spot detection. ADAS is one of the primary features that lay down the foundations for an autonomous vehicle. ADAS works on three primary types of sensors. They are radar/LIDAR, cameras, and ultrasound. The objective of an ADAS is to provide a 360-degree detection capacity of the vehicle, including the blind spots to minimize risks while driving.

Read report summary or request a free sample copy of the report “Advanced Driver Assistance Systems Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global advanced driver assistance systems market was valued at USD 17.6 billion in 2020. The market is projected to grow at a CAGR of 12.3% from 2020 to 2027. Geographically, the European market is the largest market for advanced driver assistance systems as of 2020. Demand for semi-autonomous vehicles or the requirement of driving assistance features for the new versions of EV is generating additional demand for ADAS in the market.

The COVID-19 pandemic has resulted in a decline in the advanced driver assistance systems industry globally. Several OEMs have paused or reduced manufacturing vehicles. This has directly affected the tier 1 suppliers and providers of advanced driver assistance systems globally. However, the automotive market is currently recuperating from the effects of the pandemic. While the market is yet to reach normalcy, industry experts expect that by Q2, 2022, the demand for automobiles, especially ones with semi-autonomous vehicle features and safety features like advanced driver assistance systems will increase.

Cost Drivers

The advanced driver assistance systems industry is still innovating and undergoing technical changes. With changing requirements from end-users, OEMs are laying down varying requirements which the suppliers of advanced driver assistance systems have to cater to. This makes it difficult for suppliers to have market-level cost drivers. However, manufacturing processes and procurement strategies help reduce the cost of manufacturing and the cost of operations. Also, depending upon the vehicle type, margins may be adjusted, leaving scope for better profit margins. But there are other market drivers like shifting preference to semi-autonomous vehicles and focus on vehicle safety in addition to government mandates which makes OEMs inculcate a certain safety standard in their vehicles to achieve the required NCAP rating for selling their vehicles in a certain geography. These factors are helping drive the market in terms of the adoption of advanced driver assistance systems.

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The key suppliers for advanced driver assistance systems market are:

  • Robert Bosch
  • Continental
  • ZF Friedrichshafen
  • Aptiv Denso
  • Magna International
  • Valeo Mitsubishi Electric
  • Nvidia
  • Panasonic
  • Texas Instruments
  • Vector
  • Hitachi Automotive Systems
  • Hyundai Modis
  • Delphi Automotive

Check out the featured Add-on Services offered with Advanced Driver Assistance Systems Industry Procurement Intelligence Report.

About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions. 

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends

Price and Cost Intelligence – pricing models adopted for the category, the total cost of ownership

Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption 

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

Find More information @ https://www.grandviewresearch.com/pipeline 

Contact Information:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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Sugar Processing Market Procurement Intelligence 2021-2027 | Business Opportunities With Top Key Players

Brazil has been the leading sugarcane producer globally for the last two decades. However, since the beginning of 2019, sugarcane production in the country has decreased by approximately 5%. This can be attributed to the unfavorably dry weather and high incidence of fire outbreaks in the fields. In addition, steady grain prices have encouraged the shift of marginal sugarcane areas to soybeans and corn. This sugar production trend continued due to Covid-19 in 2020. All these issues with sugar production in Brazil help India to reduce the production gap with Brazil, capturing several markets that were previously dominated by Brazil. For instance, Indonesia used to import more than 90% of its sugar from Brazil. However, the country shifted its sourcing destination from Brazil to India due to the pandemic.

The Indian government has taken numerous initiatives to improve sugarcane production in the country. For instance, the government has announced an incentive for sugar mills in the form of an additional domestic sales quota to those that export sugar and divert the commodity toward ethanol making in the new 2021-22 season starting October. The government has also urged sugar mills to take advantage of firm global sugar prices and plan the export of raw sugar during this new season (October-September). Moreover, the Indian government is planning to invest approximately USD 5 billion over the next few years to increase ethanol production by 80%.  

Read report summary or request a free sample copy of the report “Sugar Processing Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2021 – 2027”

Sugar Processing Category Intelligence Highlights:

  • Sugar processing suppliers are collaborating with small and regional sugarcane suppliers to increase their profit margins.
  • The sugar processing market has a fragmented competitive landscape and is witnessing the entry of several small regional players.
  • Suppliers largely prefer approved provider operating models to reduce risks and improve the potential for value creation.

Cost Intelligence Highlights:   Grand View Research has identified the following key cost components for Sugar Processing:

  • Feedstock
  • Other chemicals
  • Washing
  • Crushing
  • Purification
  • Crystallization
  • Centrifugation
  • Packaging
  • Labor
  • Utilities
  • SG&A
  • Tax
  • Profit 

“Feedstock is the major cost component of Sugar Processing, accounting for more than 45% of the total cost of sugar production. “Browse our other Reports:

List of Key Suppliers in the Sugar Processing Category:

  • Cosan
  • Mitr Phol Sugar Corporation
  • Nordzucker AG
  • Suedzucker AG
  • Tereos
  • Biosev
  • Thai Roong Ruang Group
  • Wilmar International Limited
  • Savola Group Company
  • Cofco Tunhe Sugar Co. Ltd.

Operational Capabilities – Weightage for Supplier Ranking and Selection in Sugar Processing Category:

  • Years in Service – 15%
  • Geographical Service Presence – 35%
  • Employee Strength – 15%
  • Revenue Generate – 15%
  • Key Clients – 12%
  • Certifications – 8%

Functional Capabilities – Weightage for Supplier Ranking and Selection in Sugar Processing Category:

  • By Type
    • Liquid Sugar20%
    • Brown Sugar20%
    • White Sugar20%
  • By Source
    • Sugarcane20%
    • Sugar Beet20%

List of Key suppliers of Catering Services Category:

  • Cosan
  • Biosev
  • Mitr Phol
  • Nordzucker

Check out the featured Addon Services offered with Sugar Processing Market Procurement Intelligence Report.

About us: A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.  

Our services include (not limited to):  

Market Intelligence involving – market size and forecast, growth factors, and driving trends

Price and Cost Intelligence – pricing models adopted for the category, the total cost of ownership Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption  

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

Find More information @ https://www.grandviewresearch.com/pipeline 

Contact Information:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Follow Us: LinkedIn | Twitter

Employee Benefit Services Market Procurement Intelligence: Supplier Intelligence, Supplier Ranking, Engagement Model, Analysis Report, 2025

An employee’s cost to the company includes their wage as well as other non-wage compensations which are provided to the employees in addition to the normal wage or salaries. These non-wage components are a part of the employee benefits services. Employee benefits form an integral part of the value proposition for the employees apart from their wage as it is used as a tool to increase the economic security of employees and improve retention policies.

Employee benefit service providers price their services differently as per their customer’s requirements. Two of the most commonly used pricing scheme is fixed pricing and per-employee per-month pricing. However, these are applied for projects that are small and not complex in nature. Depending upon the complexity of projects, outcome-based or value-based pricing is applied. This pricing scheme is applied mostly for customers with a larger pool of employees and higher complexity in maintaining and formulation of employee benefits

Read report summary or request a free sample copy of the report “Employee Benefit Services Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2025”

Demand Outlook

The global market for employee benefit services was valued at USD 39.1 billion in 2020 and is expected to grow at a CAGR of 5.2% between 2020 to 2025 and reach an estimated value of USD 50.3 billion in 2025. North America is the largest market for employee benefit services. It accounts for over 40% of the global market share. APAC is comparatively a new market for employee benefit service providers. The APAC market is expected to see the fastest penetration of employee benefit services. Several Fortune 500 companies are entering into multi-country BAO (Benefits Administration Outsourcing) engagement with global and regional service providers. This is helping the penetration of employee benefit services in the Asia-Pacific market.

Cost Drivers

The changing dynamics of employee engagement have led companies to focus on non-wage parameters for employees. However, not all companies’ core competencies lie in managing employee benefits. Therefore, this service is often outsourced to service providers who manage employee benefit services. Over the years, the contract period for these service periods has, on average, increased from 2 years to 3.5 years. The increase in contact periods helps the employee benefit service providers improve their ticket value and secure future business.

Other drivers that make companies approach employee benefits service providers are cost savings opportunities like the implementation of captive benefits, multi-national multi-currency pooling, and discounted pricing on long-term contracts.

Browse our other Reports:

About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.

Our services include (not limited to):

· Market Intelligence involving – market size and forecast, growth factors, and driving trends

· Price and Cost Intelligence – pricing models adopted for the category, the total cost of ownership

· Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

· Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

Find More information @ https://www.grandviewresearch.com/pipeline 


Contact Information:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter