Automotive Engineering Service Providers Market | Increasing Vehicle Digitization and Electrification to Boost the Market Growth

The global automotive engineering service providers market size is poised to grow by USD 5.31 billion during 2020-2024, progressing at a CAGR of over 6% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Automotive Engineering Service Providers (ESP) Market 2020-2024 (Graphic: Business Wire).

Disruptive technology-driven trends in the automotive industry have been propelling automotive OEMs to incorporate advanced driver-assistance systems (ADAS) primarily for product differentiation and gain competitive advantage. The significant demand from the consumer end for increased safety, lower emissions, fuel efficiency, and improved driving experience is also increasing the installation of ADAS, such as speed assist system, park assist system, and other sensors. Increased technological innovations in vehicles have prompted OEMs to partner with consumer electronics, energy, and telecommunications companies. These factors are creating business opportunities for EDP to offer various engineering solutions to optimize products and processes of OEMs and their suppliers. As a result, the automotive engineering service providers market will register steady growth over the forecast period.

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Report Highlights:

  • The major automotive engineering service providers market growth came from the powertrain segment. OEMs are working toward the development of lightweight and fuel-efficient engines, which has been creating significant business opportunities for ESPs. Furthermore, the increasing need for rigorous testing and validation methodologies of engines and

Animals Feed Market | Increasing Number of Product Launches to Boost the Market Growth

The global animals feed market size is poised to grow by USD 92.79 billion during 2020-2024, progressing at a CAGR of almost 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Animal Feed Market 2020-2024 (Graphic: Business Wire)

The increasing number of product launches will be a significant factor in driving the growth of the animal feed market size. The global animal feed market is witnessing a growing number of product launches by vendors operating in the market. For instance, MilkLane launched two variants of animal feed, namely Aayush Max and Aayush Rich, containing proteins and minerals, which will improve animal health and increasing milk yield. Nutreco also launched two fish feed products suitable for tilapia under the brand Skretting. The successful launch of such new products will help market vendors to increase their revenue flow and market share and consequently drive the growth of the animal feed market during the forecast period.

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Report Highlights:

  • The major animals feed market growth came from poultry segment. The rising demand for eggs and poultry meat will boost the demand for poultry feed products. The increasing number of product launches will also fuel the growth of the animal feed market in this segment.

  • APAC was the largest market for animal feed in 2019,

Ice Cream Market Will Showcase Positive Impact During 2020-2024 | The Increasing Launch of New Products to Boost the Market Growth

Technavio has been monitoring the ice cream market and it is poised to grow by $ 20.2 bn during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Ice Cream Market 2020-2024 (Graphic: Business Wire)

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The market is fairly fragmented, and the degree of fragmentation will accelerate during the forecast period. Agropur Co-operative, Blue Bell Creameries LP, Dunkin’ Brands Group Inc., Froneri Ltd., Gujarat Cooperative Milk Marketing Federation Ltd., Mars Inc., Nestlé SA, New Forest Ice Cream Ltd., Unilever Group, and Wells Enterprises Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The increasing launch of new products has been instrumental in driving the growth of the market.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Fitness App Market will Showcase Positive Impact during 2020-2024 | Increasing Demand for Wearable Devices to Boost the Market Growth

Technavio has been monitoring the fitness app market and it is poised to grow by USD 1.68 bn during 2020-2024, progressing at a CAGR of almost 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Fitness App Market 2020-2024 (Graphic: Business Wire)

Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. adidas AG, ASICS Digital Inc., Azumio Inc., BetterME., FitNow Inc., Google LLC, Nike Inc., Samsung Electronics Co. Ltd., Under Armour Inc., and YAZIO GmbH are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Increasing demand for wearable devices has been instrumental in driving the growth of the market.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Fitness App Market 2020-2024: Segmentation

Fitness App Market is

COVID-19 Recovery Analysis: Contactless PoS Terminals Market | Increasing Adoption of Contactless Payment Software to Boost Market Growth

Technavio has been monitoring the contactless PoS terminals market and it is poised to grow by USD 5.54 billion during 2020-2024, progressing at a CAGR of almost 16% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Contactless PoS Terminals Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bluebird Inc., Fiserv Inc., Honeywell International Inc., Ingenico Group SA, NCR Corp., Newland Payment Technology, PAX Global Technology Ltd., Spire Payments Ltd., SZZT Electronics Shenzhen Co. Ltd. , and VeriFone Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The increasing adoption of contactless payment software has been instrumental in driving the growth of the market. However, the rising threat from substitute payment systems might hamper the market growth.

Technavio’s custom research reports offer detailed insights on the