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GlobalData

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Competition between marketplace lenders will be fierce as COVID-19 will strengthen established players, says GlobalData

Tightening of regulations and a likely upcoming recession will increase investor caution and turn consumers to traditional banks and building societies, according to GlobalData, a leading data and analytics company. *GlobalData’s 2020 Financial Services Consumer Survey (time period – one year, collected in January 2020 with sample size of 400) shows that when UK consumers […]
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Make-up sector in Japan to reach US$7.17bn in 2024, says GlobalData

The Japan’s make-up sector is forecast to grow from JPY622.9bn (US$5.73bn) in 2019 to JPY684.2bn (US$7.17bn) by 2024, recording a compound annual growth rate (CAGR) of 1.9%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Japan Make-Up – Market Assessment and Forecasts to 2024’, reveals that the ‘face make-up’ was the largest category […]
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Japan’s haircare sector to reach US$6.8bn by 2024, says GlobalData

The haircare sector in Japan is forecast to grow from J¥609.6bn (US$5.6bn) in 2019 to J¥650.8bn (US$6.8bn), recording a compound annual growth rate (CAGR) of 1.3%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Japan Haircare – Market Assessment and Forecasts to 2024’ reveals that the shampoo is the largest category in value […]
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Solar sector stands to reap benefits as solar irradiance improves due to COVID-19 induced lockdown, says GlobalData

With the lockdowns being implemented during April, the Indian electricity load patterns shifted significantly. As per the Central Electricity Authority (CEA), in comparison to 2019, the generation from the solar sector increased during March, April and May 2020. Such large leaps from renewable energy were seen because of the pollution-free environment, and good micro-climatic conditions […]
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Support for local defense industry continues with combat engineering vehicle orders for South Korea, says GlobalData

Hyundai Rotem was awarded a follow on order for Combat Engineering Vehicles (CEVs) and a maintenance and repair contract for K1 Armored Vehicle Launched Bridge (AVLB), K1 Armored Recovery Vehicle (ARV) as well as the K1A1 Main Battle Tanks (MBT), says GlobalData, a leading data and analytics company. Mathew George, Ph.D., Aerospace & Defense Analyst […]
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Australian skincare sector to reach US$1.49bn registering a CAGR of 4.3% by 2024, says GlobalData

The Australian skincare sector is forecast to grow from A$1.77bn (US$1.23bn) in 2019 to A$2.2bn (US$1.49bn) by 2024, recording a compound annual growth rate (CAGR) of 4.3%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Australia Skincare – Market Assessment and Forecasts to 2024’ reveals that the ‘facial care’ was the largest category […]
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India’s power generation still far away from normal, says GlobalData

Due to the country-wide COVID-19 lockdown during April and May 2020 in India, electricity generation witnessed a reduction owing to reduced electricity demand. Subsequently, the year-on-year generation saw a reduction of 23.1% and 16.2%, respectively, during these two months. However, with the the lockdown easing out gradually, the year-on-year change has been about 15% lower […]
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APAC beauty industry reviews inclusivity and focuses on social issues as market set to reach US$94.4bn by 2024, says GlobalData

The Asia-Pacific (APAC) beauty industry is reviewing its inclusivity and focusing on social issues in response to changing consumer attitudes influenced by recent social movements such as the Black Lives Matter (BLM), according to GlobalData, a leading data and analytics company. Asia-Pacific was the largest and fastest growing beauty market in 2019, dominated by skincare […]
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