Smart Home Automation Market Revenue $130.0 Billion By 2025 | Key Industry participants ABB Ltd. | Honeywell International Inc.

San Francisco, 26 Apr 2019 - The global smart home automation market is expected to reach USD 130.0 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for the convenience of remote and real-time operation of smart home automation system has increased the growth and penetration of the smart home automation. Increasing urban and geriatric population have created the need to incorporate smart home automation concept in order to address the arising challenges. Further, increase in demand of smartphones and easy accessibility of internet are expected to fuel growth in the demand for the in the coming future. The growing adoption of the automation in security, lighting, HVAC, energy management, and smart kitchen arenas is anticipated to revolutionize the market by 2025.

The market has been segmented based on varied technology of smart home automation, such as cellular, wireless, and others. Based on applications, the market has been segmented into security, lighting, entertainment, HVAC & energy management, and smart kitchen. The entertainment sector is the biggest application sector in terms of size and is expected to dominate for the forecast period owing to high demand of home theaters, touchscreens, audio/video controls, and other entertainment controls.

The growing awareness and popularity of smart home automation is encouraging manufacturers to invest in research & development for creating better products. Manufacturers are making significant investments to simultaneously develop several new products in an effort to enhance the users experience. Researchers are focusing on innovating reliable and cost-effective products.

To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/smart-home-automation-market

Further key findings from the report suggest:

• The growing demand for smart home automation can be accredited to the increasing preference among consumers for convenience, connectivity, safety, and security.
• The growing penetration of Internet of Things (IoT) and the advancement of Internet accessibility which helps in the move to direct digital controls for better machine to machine (M2M) communication have encouraged users to adopt the smart home automation technology.
• With the arrival of various wireless technologies such as ZigBee, Z-Wave, EnOcean, C-Bus, Wi-Fi, Bluetooth, KNX, and Thread, installation of automated systems has been simplified. Wireless technology is less invasive, have low set-up cost, and more convenient to use.
• The North American region dominated the market, accounting for the largest global market share in 2016 owing to its large consumer base.
• Key industry participants include ABB Ltd. (Switzerland), Honeywell International Inc. (U.S.), Johnson Controls (U.S.), Schneider Electric (France), and Siemens AG (Germany).

Access More Reports Of The Same Category: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the smart home automation market based on component, technology, application, and region:

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

• Hardware
• Software
• Service

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

• Cellular
• Wireless
• Others

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

• Security
• Lighting
• Entertainment
• HVAC & Energy Management
• Smart Kitchen

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

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • Japan
  • India
• South America
  • Brazil
• The Middle East & Africa (MEA)

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-smart-home-automation-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Lithium Iron Phosphate Material & Battery Market Scale Worth $25.47 Billion By 2025

San Francisco, 25 Apr 2019 - The global lithium iron phosphate material and battery market is expected to reach USD 25.47 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for these batteries from the electric & hybrid electric vehicles and consumer electronics segments is expected to be the biggest driver of the market over the next eight years.

New technologies have resulted in increasing popularity of lithium iron phosphate batteries. For instance, the innovation of lithium iron nanophosphate batteries has found extensive applications in electric & hybrid vehicles in the telecommunication sector, apart from electric vehicles and power generation.

Global lithium iron phosphate material & battery market by application, 2016 (%)

Graphite accounted for the majority of the raw material market in 2016, in terms of revenue. This material, which is used as an anode in these batteries, is known for its high performance and stability at high temperatures. These factors have increased its importance in this industry, consequently driving its demand.

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www.grandviewresearch.com/industry-analysis/lithium-iron-phosphate-lifepo4-material-battery-market

Further key findings from the report suggest:

• The global market was valued at USD 4.76 billion in 2016 and is projected to grow at a CAGR of 20.7% from 2017 to 2025
• Graphite is projected to grow at the highest CAGR of 25.9% from 2017 to 2025 courtesy growing demand for batteries from electric vehicles and consumer electronics         
• Lithium iron phosphate, which avoids problems of battery explosions due to over-heating, held a market share of 23.7% by value in 2016
• The electric & hybrid electric vehicle segment accounted for the largest share of 57.6% of the market by revenue due to rise in fossil fuel prices and their side-effects on the environment 
• Presence of numerous companies and abundant raw material availability made Asia Pacific the largest manufacturer of lithium iron phosphate batteries in 2016
• The market in North America, characterized by growing demand from the U.S., accounted for the second-largest share of 21.2% by value in 2016
• The renewable power generation segment that comprises photovoltaic power generation, wind energy generation, and biomass power generation, is projected to grow at the second-highest CAGR of 18.9% from 2017 to 2025 courtesy growing demand for fossil fuel alternatives 
• BYD, based in China, with revenues over USD 11.25 billion and 180,000 employees in 2015, was one of the major players in the market. In February 2016, it introduced B-box battery energy systems in Australia, which helped it expand its product offerings in Asia Pacific

Grand View Research has segmented the global lithium iron phosphate material and battery market on the basis of raw material, application, and region:

Lithium Iron Phosphate Material and Battery Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Ethylene carbonate
• Phosphorous trichloride
• Phosphorous pentachloride
• Graphite
• Lithium Fluoride
• Lithium iron phosphate
• Polyvinylidene Fluoride
• Others

Lithium Iron Phosphate Material and Battery Application Outlook (Volume, Megawatt Hour; Revenue, USD Million, 2014 - 2025)

• Consumer Electronics
• Electric vehicles and hybrid electric vehicles
• Renewable power generation
• Others

Lithium Iron Phosphate Material and Battery Regional Outlook (Volume, Kilo Tons, Megawatt Hour; Revenue, USD Million, 2014 - 2025)

• North America
  • US.
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • Thailand
  • India
• Central & South America
  • Brazil
• Middle East & Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-lithium-iron-phosphate-lifepo4-material-battery-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Legal Process Outsourcing Market Scale Worth $27.19 Billion By 2024

San Francisco, 25 Apr 2019 “Legal Process Outsourcing Market Analysis By Location (Offshore Outsourcing, On-Shore Outsourcing), By Service (Review and Management, Compliance Assistance, e-Discovery, Litigation Support, Patent Support) And Segment Forecasts, 2018 - 2024” - The global legal process outsourcing (LPO) market is expected to reach USD 27.19 billion by 2024, according to a new report by Grand View Research, Inc. Outsourcing legal activities allows organizations to manage workforce and time efficiently and helps them to focus completely on core business operations, which are responsible for revenue generation.

Countries such as India, South Africa, and the Philippines, which are popular destinations for LPO, have a significant time difference between Europe and the U.S. This time difference helps in providing a continuous workforce, whenever required.The cost of legal services in markets such as India is far lesser than that in North America. The per hour outsourcing costs in India is estimated to be as low as USD 10, which is expected to considerably boost the savings.

Additionally, outsourcing work to offshore locations ensures continuous operations since they follow 24-hour work cycles, thus ensuring the completion of a time-consuming work with high efficiency. In November 2008, Wall Street Journal quoted that around 79,000 legal jobs based in the U.S. are expected to be moved offshore by 2015. As the allocated tasks are usually repetitive, LPO providers work with set protocols and Key Performance Indicators (KPI) in place. LPO firms utilize low-cost workers and automated software as well asupdate repetitive tasks that involve significant documentation and paperwork.

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www.grandviewresearch.com/industry-analysis/legal-process-outsourcing-lpo-market

Further key findings from the report suggest:

• Offshore outsourcing is expected to grow at a CAGR of over 30% from 2016 to 2024, owing to the increased demand for these services in India and the Philippines
• Litigation support is anticipated to gain prominence, accounting for over 20% of the revenue share by 2024, as most of the firms hire outside consultants for expert investigative litigation support in order to win high profile cases
• Some of the key players in the legal process outsourcing market include Axiom Law, Elevate Services Inc., Pangea3 LLC, UnitedLex Corporation, and IntegreonInc.
• In order to strengthen the foothold in the market, a majority of LPO providers are maintaining their physical presence in the U.S. along with back offices in the Asia Pacific region

Grand View Research has segmented the Legal Process Outsourcing market based on location, service, and region:

Legal Process Outsourcing Location Outlook (Revenue, USD Million, 2014 - 2024)

• Offshore outsourcing
• On-shore outsourcing

Legal Process Outsourcing Services Outlook (Revenue, USD Million, 2014 - 2024)

• Contract drafting
• Review and management
• Compliance assistance
• E-discovery
• Litigation support
• Patent support
• Others

Legal Process Outsourcing Regional Outlook (Revenue, USD Million, 2014 - 2024)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • India
  • Philippines
• Latin America
• MEA

Access Official Press Release Of This Report: www.grandviewresearch.com/press-release/global-legal-process-outsourcing-lpo-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Drilling Waste Management Market Is Poised To Reach $7.13 Billion By 2025

San Francisco, 25 Apr 2019 – “Drilling Waste Management Market Analysis By Application (Offshore, Onshore), By Service (Treatment & Disposal, Solids Control, Containment & Handling), By Region, And Segment Forecasts, 2018 - 2025” The global drilling waste management market is expected to reach USD 7.13 billion by 2025, according to a new report by Grand View Research, Inc. Growing ecological awareness towards effective treatment and disposal of drilling wastes coupled with strict regulations to enforce the laws will boost the market growth.

Global drilling waste management market revenue, by application, 2016 (%)

Increasing drilling activity for natural gas exploration along with growing construction sites for residential and commercial spaces is predicted to drive the global drilling waste management market over the forecast timeframe. Applications of the market include onshore and offshore drilling wastes. Onshore application segment is the dominant sub-segment of the market, while the offshore application is predicted to witness significant growth by 2025. North America leads the onshore application segment owing to the unprecedented domestic production levels crude oil, largely due to the wide adoption of innovative technologies including hydraulic fracturing and horizontal drilling, signalling the onset of a shale revolution.

The drilling waste management market is also segmented based on services, including treatment & disposal, containment & handling, and solids control. In 2016, Treatment & disposal accounted for 39.2% of the market share, largely owing to onsite burial sites including landfills and pits, land-spreading, land-farming, incineration & thermal treatment, slurry injection and bioremediation. Treatment & disposal services are chiefly dominant in Europe and North America owing to increasingly strict regulations including zero-discharge standards that direct drilling companies to effectively treat and reuse all drilling waste generated, and forbid any dumping, especially in water bodies like rivers or seas.

To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/drilling-waste-management-market

Further key findings from the report suggest:

• The U.S. drilling waste management market will witness growth of 3.79% CAGR over the forecast period. The slowdown in the oil and gas market has deeply impacted the drilling markets in the country, with some estimates suggesting 60% decrease in rig drilling. High break-even costs and longer gestation periods in shale exploration and production have further impacted industry growth.
• In 2025, UK drilling waste management market is predicted to be valued at USD 0.39 billion. The country has large scale onshore and offshore drilling activities and is among the first nations in the world to introduce stringent waste management legislation.
• China drilling waste management market is expected to grow at 12.09% CAGR. The country is expected to undertake large scale offshore exploration projects to discover natural gas reserves.

Grand View Research has segmented the global drilling waste management market on the basis of product and region:

Technology Outlook (Revenue, USD Billion, 2014 - 2025)

• Treatment & Disposal
• Solids Control
• Containment & Handling

ApplicationTypeOutlook (Revenue, USD Billion, 2014 - 2025)

• Onshore
• Offshore

Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Russia
  • Norway
  • UK
• Asia Pacific
  • China
  • India
  • Australia
• Central & South America
  • Brazil
  • Argentina
  • Venezuela
• Middle East and Africa
  • United Arab Emirates
  • Saudi Arabia
  • Egypt

Access Official Press Release Of This Report: www.grandviewresearch.com/press-release/global-drilling-waste-management-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Cancer Biomarkers Market Scale Worth Of $33.7 Billion By 2025 With CAGR: 14.3%

San Francisco, 25 Apr 2019 – “Cancer Biomarker Market Analysis By Type (Breast, Prostate, Colorectal, Cervical, Liver, Lung Cancer), By Biomolecule (Genetic, Epigenetic, Metabolic, Proteomic), By Application, And Segment Forecasts, 2018 - 2025” The global cancer biomarkers market is expected to reach a value of USD 33.7 billion by 2025, based on a new report by Grand View Research, Inc. Growing initiatives for development of drugs targeting novel cancer biomarkers coupled with the introduction of technologically advanced companion diagnostic kits is estimated to provide the market with high growth potential. Increasing awareness about personalized medicines amongst patients is further anticipated to boost adoption of cancer biomarkers.

            U.S. cancer biomarkers market, by application, 2014 - 2025 (USD Billion)

In addition, presence of favorable government initiatives for the development of novel cancer diagnostic techniques is a key factor for market growth. For instance, the National Cancer Institute (NCI) provides funding to more than 8 research areas pertaining to cancer biomarker development. Cancer Research UK, Lung Cancer Research Foundation, and National Institutes of Health are some of the organizations providing funding for biomarker research.

People with high alcohol consumption, tobacco usage, unhealthy food habits, and sedentary lifestyle are reported to be 80% more at risk of developing cancer as compared to other individuals. Infections such as Human papillomavirus (HPV), Epstein-Barr virus, Hepatitis B virus, and Helicobacter pylori are also been studied to be related in cancer development.

To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/cancer-biomarker-market

Further Key findings from the study suggest:

• Breast cancer was the largest segment by revenue share in 2016 owing to high prevalence of this type of cancer
• Lung cancer is estimated to be the fastest-growing type due to increasing research activities toward development of novel lung cancer biomarkers
• Genetic biomarkers, being the highest used and easily detectable held the majority share of cancer biomarker market by biomolecule in 2016
• However, epigenetic biomarkers are anticipated to witness lucrative growth due to increasing focus on finding the role of epigenetic modifications in cancer development
• Cancer biomarkers are majorly used for diagnostic purpose owing to their high specificity
• The personalized medicine segment is estimated to witness fastest CAGR of 15.0% over the forecast period
• North America dominated in terms of revenue share in 2016 due to established R&D infrastructure and high acceptance of biomarker-based cancer testing in this region
• Asia Pacific is anticipated to grow at a substantial growth rate till 2025 with CAGR of over 16.7%
• Some of the major companies in the cancer biomarkers market are Abbott Laboratories; F.Hoffmann-La Roche Ltd.; QIAGEN; Thermo Fisher Scientific Inc.; Affymetrix Inc.; Illumina, Inc.; Agilent Technologies; Merck & Co. Inc.; Hologic, Inc.; Sino Biological Inc.; and Becton, Dickinson and Company

Grand View Research has segmented the cancer biomarkers market by type, biomolecule, applications, and region:

Cancer Biomarker Type Outlook (Revenue, USD Billion, 2014 - 2025)

• Breast cancer
• Prostate cancer
• Colorectal cancer
• Cervical cancer
• Liver cancer
• Lung cancer
• Others

Cancer Biomarker Biomolecule Outlook (Revenue, USD Billion, 2014 - 2025)

• Genetic Biomarkers
• Epigenetic Biomarkers
• Metabolic Biomarkers
• Proteomic Biomarkers
• Others

Cancer Biomarker Application Outlook (Revenue, USD Billion, 2014 - 2025)

• Drug discovery and Development
• Diagnostics
• Personalized medicine
• Others

Cancer Biomarker Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • Japan
• Latin America
  • Mexico
  • Brazil
• MEA
  • South Africa

Access Official Press Release Of This Report: www.grandviewresearch.com/press-release/global-cancer-biomarkers-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Biologics Market Total Revenue Would Be $399.5 Billion By 2025 | Growth Rate: 3.9%

San Francisco, 24 Apr 2019  - According to new report by Grand View Research, The global biologics market size was valued at USD 276.6 billion in 2015. These products represent cutting-edge research and also enable latest scientific discoveries. 

The global biologics market is anticipated to reach USD 399.5 billion by 2025, according to a new report by Grand View Research, Inc. Introduction of targeted therapies coupled with rising adoption of patient centric personalized medicine anticipated to fuel demand. Ever-increasing understanding of the cell physiology and stress, as well as the factors involved in protein production and heterologous gene expression have empowered the use of different living factories.

These living factories are the prokaryotic and eukaryotic cells. Enhancement of drug functionality through achieving successful protein folding and post-translational modifications is supportive for projected progress rate.

Moreover, rising adoption of biopharmaceuticals over chemically synthesized molecules is expected to propel revenue generation significantly. In addition to this, presence of several metabolic disorders that can be treated through the use of biologics is attributive to influence demand.

Combination of advanced bioengineering technologies for biopharmaceutical production is expected to boost progress in pharmaceutical industry. With recent advances in automation, the selection process can be done through high throughput screening (HTS) system for selection of viable clones.

Aforementioned method enables robust production of biopharmaceutical products by obtaining high-producing cell line. Advances with respect to upstream and downstream processing would directly translate into the growth in revenue for this market at a larger level.

However, development of biosimilars is expected to restrain the biologics year on year growth to certain extent. Although, the regulatory approval pathway for these products is not framed yet some drug manufacturers are opting to invest in the development of biobetters.

Access research report on analysis: www.grandviewresearch.com/industry-analysis/biologics-market

Further key findings from the report suggest:

• Microbial expression systems dominated the market with respect to biopharmaceutical manufacturing
• Presence of substantial number of products manufactured through the use of microbial sources can be attributed for largest share
• Higher usage of monoclonal antibodies for the treatment of different diseases responsible for revenue generation
• Moreover, pipeline drugs in the phase of development anticipated to bolster growth
• Significant development pertaining to vaccines and increasing adoption anticipated to fuel progress
• Oncology dominated over a decade and is expected to sustain its share over the forecast period.
• Introduction of novel biologics with high efficacy coupled with the augmenting incidences of cancer is the vital impact rendering factor.
• Substantial sales of biologics in the U.S. can be attributed for the largest share of North American market.
• Established participants are implementing the manufacture of complex moieties in-house, which pronounces for the larger share of in-house manufacturing.
• Asia Pacific is projected to showcase fastest growth in the coming years.
• Increasing penetration of the biologics in the developing economies is expected to contribute in the projected growth.
• Moreover, the university based projects implemented herein are attributive for the projected growth.
• Key players contributing in this market are F Hoffman La Roche, Samsung Biologics, Celltrion, Pfizer Inc., Amgen, Novo Nordisk A/S, Sanofi, Abbvie Inc., Merck & Co. Inc, Addgene, Johnson & Johnson Services Inc., and Eli Lilly & Company.
• These participants are investing in the hybrid business models through providing technology and service platforms.
• Such milestones and royalties from partnered programs enables the cash flow generation which can be utilized in proprietary R&D.

Grand View Research has segmented the biologics market on the basis of source, product, manufacturing, disease category, and region:

Biologics Source Outlook (Revenue, USD Billion, 2014 - 2025)

• Microbial
• Mammalian
• Others

Biologics Product Outlook (Revenue, USD Billion, 2014 - 2025)

• Monoclonal Antibodies
  • By application
    • Diagnostic
      • Biochemical Analysis
      • Diagnostic Imaging
    • Therapeutic
      • Direct MAB Agents
      • Targeting MAB Agents
    • Protein Purification
    • Others
  • By type
    • Murine
    • Chimeric
    • Humanized
    • Human
    • Others
  • Vaccines
  • Recombinant Proteins
  • Antisense, RNAi, & Molecular Therapy
  • Others

Biologics Manufacturing Outlook (Revenue, USD Billion, 2014 - 2025)

• In-house
• Outsourced

Biologics Disease Category Outlook (Revenue, USD Billion, 2014 - 2025)

• Oncology
  • By Product
    • MABs
    • Vaccines
    • Recombinant Proteins
    • Antisense, RNAi, & Molecular Therapy
    • Others (Certain products under trials related to blood products etc)
  • Infectious Diseases
    • By Product
      • Vaccines
      • MABs
      • Antisense, RNAi, & Molecular Therapy
      • Recombinant Proteins
      • Others
    • Immunological Disorders
    • Cardiovascular Disorders
    • Hematological Disorders
    • Others

Biologics Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
• Asia Pacific
  • Japan
  • China
• Latin America
  • Brazil
• Middle East and Africa (MEA)
  • South Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-biologics-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Car Rental Market Is Projected To Reach $119.56 Billion By 2024

San Francisco, 24 Apr 2019 - The global car rental market is expected to witness a substantial growth over the forecast period, reaching USD 119.56 billion by 2024, according to a new report by Grand View Research, Inc. The industry is primarily driven by the growth as well as expansion of the global travel and tourism industry. There has been a significant increase in the number of business and leisure trips worldwide over the past few years.

            North America Car Rental Market By Application, 2013 - 2024 (USD Billion)

The advent of online rental portals has helped shape the dynamics of the car rental industry. Growing usage of smartphones and tablets has helped customers to book and reserve cars from anywhere at any point of time. Major players, such as Enterprise Rent-A-Car and Avis Budget Group, are now focusing on developing smartphone applications and optimizing their customer-friendly websites to facilitate quick and convenient bookings.

However, compliance with stringent vehicle emission regulations is expected to challenge the demand for these services across the world. In addition to this, the instability in crudeoil prices and growing demand for publictransportation are presumed to challenge the growth to some degree over the forecast period.

To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/car-rental-market-analysis-market

Further key findings from the report suggest:

• An emerging trend in the travel and tourism industry which is gaining immense popularity is the evolution of “Bleisure”, which refers to a combination of leisure travel with business trips. The growth in this trend is presumed to propel the demand for car rentals among businesses as well as leisure travelers.
• Executive cars are expected to witness a considerable growth with an estimated CAGR of close to 7% from 2016 to 2024. Swift globalization culminating into increased business trips across the globe is the primary factor propelling the growth of these cars in the near future.
• In terms of application, airport transport dominated the overall industry share in 2015 and is presumed to retain its dominance over the next eight years. Rapid globalization has resulted in a significant increase in the number of air travelers across the globe, which, in turn, has bolstered the growth prospects of the industry.
• The Asia Pacific market was valued at over USD 12 billion in 2015 and is presumed to witness a substantial growth over the forecast period. The significant regional growth prospects can be attributed to the rising economic development, enhanced road and infrastructure facilities, and growth in tourism over the forecast period.

Grand View Research has segmented the car rental market on the basis of vehicle type, application, and region.

Car Rental Vehicle Type Outlook (USD Billion) 2013 - 2024

• Luxury Cars
• Executive Cars
• Economy Cars
• SUVs
• MUVs

Car Rental Application Outlook (USD Billion) 2013 - 2024

• Local Usage
• Airport Transport
• Outstation
• Others

Car Rental Regional Outlook (USD Billion) 2013 - 2024

• North America
  • US.
• Europe
  • France
  • Germany
  • UK
• Asia Pacific
  • Japan
  • Korea
  • China
  • India
• South America
• MEA

Access Official Press Release Of This Report: www.grandviewresearch.com/press-release/global-car-rental-market

About Grand View Research

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

For More Information: www.grandviewresearch.com