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Light commercial vehicles (LCVs) including vans are an often overlooked, but important, component of the European light vehicle market, particularly in the current coronavirus crisis, says GlobalData, a leading data and analytics company. Calum MacRae, Automotive Analyst at GlobalData, says: “As online delivery becomes more important to our everyday lives and as we shelter indoors […]
Construction industry in India to contract by 1.7% as government announces extension of lockdown, says GlobalData
The Indian construction industry is expected to contract by 1.7% in 2020, as the slowdown in 2019 has been compounded by the two-month lockdown due to COVID-19, says GlobalData, a leading data and analytics company. The slowdown in the construction industry in 2019 was due to liquidity crisis and slowing domestic demand in the residential […]
Digital challenger bank Bo’s failure underlines need to be independent from parent, says GlobalData
The Royal Bank of Scotland (RBS’s) digital challenger bank, Bo, has closed down after just five months. Incumbent banks aren’t predetermined to fail in building a challenger to take on Monzo, the UK-based online bank. To have a successful run, banks need to let them be free to innovate and create their own brands, says GlobalData, a […]
Covid-19 outbreak drives instant noodles sales in APAC, says GlobalData
Following the coronavirus (COVID-19) outbreak and its impact, instant noodles have become a staple diet in many of the Asia-Pacific (APAC) countries because of taste, affordability and convenience, which is driving its sales, says GlobalData, a leading data and analytics company. GlobalData forecasts the APAC instant noodles segment to record a compound annual growth rate […]
Consumer optimism in Italy grows as lockdown is relaxed and wealth managers hope for rebound in 2021, says GlobalData
Italian investors’ preference for safe-haven products will provide a slight cushion to the upcoming 2020 crash. The Italian economy has been shrinking for several years, having a negative impact on the country’s savings and investment market, though it is still expected to show slight growth in 2020. This year will not be the most fruitful […]
Hong Kong construction industry to contract by 9.2% as COVID-19 worsens the slump due to civil unrest, says GlobalData
The Hong Kong construction industry was in dire straits in 2019 as political unrest disrupted the market. The COVID-19 induced economic weakness is now expected to further exacerbate the gloomy scenario, with output expected to contract by 9.2% in 2020, says GlobalData, a leading data and analytics company. Tourism and exports are two main pillars […]
Training investment critical to boost quality of future travel workforce, says GlobalData
Offering the staff additional training initiatives during the lockdown restrictions will not only engender the staff commitment but can prepare employees for changes within the future travel space which are inevitable, says GlobalData, a leading data and analytics company. According to GlobalData, 50% of the global travelers want to know about the initiatives adopted by […]
COVID-19 likely to witness emergence of Gen-C within tourism industry, says GlobalData
Jamaica expects the tourism industry to create a new generation of travelers, known as ‘Gen-C’, which will not be defined by the traditional demographics such as age unlike prior groups and will need reassurance and evidence that their overseas’ experience will enhance their lives without putting their loved ones at risk, says GlobalData, a leading […]
Construction industry in Singapore to plummet by 14.1% due to COVID-19, says GlobalData
Prior to the COVID-19 outbreak, the construction industry in Singapore had shown some signs of recovery, growing by 2.9% in 2019 following three consecutive years of decline. However, the COVID-19-induced economic weakness has disrupted the construction industry, with output now expected to plummet by 14.1% in 2020, says GlobalData, a leading data and analytics company. […]
Spain’s retail deposits to spike as consumers prioritize safety, says GlobalData
Despite the COVID-19 outbreak, the Spanish retail savings and investment market in 2020 is expected to witness growth as per the revised forecasts. However, this growth is mainly attributed to the increases in the retail deposits. The country has been hit harder than most European countries, due to severe infection rates and an already frailed […]
COVID-19 reignites sense of localism among APAC consumers, says GlobalData
Amidst the ongoing COVID-19 crisis, consumers’ concern around the origins of products and ingredients are growing. As a result, manufacturers and retailers are promoting their products’ local origins to ease consumer concerns, says GlobalData, a leading data and analytics company. According to GlobalData COVID-19 week 6 (28 April – 3 May) survey, almost 83% Indians […]
Australian hot drinks sector expected to reach US$3bn in 2023, says GlobalData
The Australian hot drinks sector, which includes coffee, tea and other hot drinks, is forecast to grow from A$3.4bn (US$2.5bn) in 2018 to A$3.99bn (US$3bn) in 2023, recording a compound annual growth rate (CAGR) of 3.5%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Australia Hot Drinks – Market Assessment and Forecasts to […]
Indian ice cream market poised to grow at CAGR of 12% during 2018–2023, says GlobalData
India’s ice cream market, one of the fastest growing markets in the Asia Pacific (APAC) region, is forecast to grow from INR121.4bn (US$1.8bn) in 2018 to INR213.6bn (US$2.9bn) in 2023, registering a compound annual growth rate (CAGR) of 12%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘India Ice Cream – Market Assessment […]
Malaysian seasonings, dressings & sauces sector to reach US$588m in 2024, says GlobalData
The Malaysian seasonings, dressings & sauces sector is expected to grow from RM1,958.6m (US$468.6m) in 2019 to RM2,478.9m (US$588m) by 2024, at a compound annual growth rate (CAGR) of 4.8%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Malaysia Seasonings, Dressings & Sauces – Market Assessment and Forecasts to 2024’ reveals that dressings […]
Indian seasonings, dressings & sauces sector is forecast to register a CAGR of 7.7% during 2019–2024, says GlobalData
The Indian seasonings, dressings & sauces (SDS) sector is expected to grow from INR186.3bn (US$2.6bn) in 2019 to INR270.3bn (US$3.5bn) by 2024, recording a compound annual growth rate (CAGR) of 7.7%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘India Seasonings, Dressings & Sauces – Market Assessment and Forecasts to 2024’ reveals that […]
Indonesian hot drinks sector expected to grow at 7.7% value CAGR through 2023, says GlobalData
The Indonesian hot drinks sector, which includes coffee, tea and other hot drinks, is forecast to grow from Rp30.1 trillion (US$2.1bn) in 2018 to reach Rp43.7 trillion (US$2.9bn) by 2023, recording a compound annual growth rate (CAGR) of 7.7%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Indonesia Hot Drinks – Market Assessment […]
India’s emerging ready meals trend disrupted by COVID-19 lockdown, says GlobalData
India has witnessed growth in the prepared (on-the-go) meals and lunch-time deal offerings in the recent past. However, due to the COVID-19 outbreak and the subsequent extension of countrywide lockdown, consumers have gone back to the traditional home cooking trends, says GlobalData, a leading data and analytics company. GlobalData found that only 23% of surveyed […]
COVID-19 to change the future of snacking in APAC, says GlobalData
Product choices prior to COVID-19 were often shaped by the demand of ‘on-the-go’ lifestyles, which is no longer applicable as consumers are in lockdown. With self-isolation changing the dynamics of snacks for the consumers, brands are on the constant look-out for new ways to meet the personalized health consumer demands, says GlobalData, a leading data […]
COVID-19 to accelerate use of drone technology among insurers, says GlobalData
Drone usage within the insurance industry is expected to be accelerated due to the impact of COVID-19. The pandemic will change the way people and businesses interact and contactless drone inspections will become even more valuable to the insurers, says GlobalData, a leading data and analytics company. According to GlobalData’s latest Quarterly Tech Trends survey, 35% […]
Australian seasonings, dressings & sauces sector expected to reach US$2.6bn by 2024, says GlobalData
The Australian seasonings, dressings & sauces (SDS) sector is expected to grow from A$3,065.6m (US$2.1bn) in 2019 to A$3,781.5m (US$2.6bn) by 2024, recording a compound annual growth rate (CAGR) of 4.3%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Australia Seasonings, Dressings & Sauces – Market Assessment and Forecasts to 2024’ reveals that […]