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China’s positive economic outlook, supported by growing GDP, has been contributing to the growth of the meat sector in the country, which is expected to grow at a compound annual growth rate (CAGR) of 2.8% from CNY1,387.7bn (US$209.9bn) in 2018 to CNY1,589.9bn (US$247.6bn) by 2023, says GlobalData, a leading data and analytics company. GlobalData’s report, […]
France implements tax breaks for data centers to attract investments in this industry, says GlobalData
France became the latest country to implement tax breaks on data centers; an incentive that halves taxes on energy usage for companies having data centers, Mohit Prasad, Power Analyst at GlobalData, a leading data and analytics company, offers his view on the impact of this decision: “This would make France a more attractive investment destination […]
Global topical absorbable hemostats market to reach $4.1bn by 2028, says GlobalData
The global topical absorbable hemostats market is expected to grow at a compound annual growth rate (CAGR) of 5% to reach $4.1bn by 2028, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Topical Absorbable Hemostats – Wound Care Market Analysis and Forecast Model’ reveals that North America will be one […]
Kellogg’s cookie sale part of an emerging trend for portfolio consolidation
Following the news that Kellogg Company has reached an agreement to sell Keebler Cookies and other related businesses to Ferrero, Richard Parker, Principle Consumer Analyst at GlobalData, a leading data and analytics company, offers his view on this latest development: “Kellogg’s divestiture reflects an emerging trend for portfolio consolidation and the company’s commitment to focusing on […]
US tops cross border M&A list, but lags behind in terms of volume growth in 2018, says GlobalData
The US occupied the top position in terms of outbound and inbound M&A deal volume and value in 2018. However, it lagged behind other countries in terms of volume growth in 2018 compared to 2014-2017 average, according to GlobalData, a leading data and analytics company. M&A Outbound The US witnessed more than 1,400 outbound M&A […]
Global Multiple Myeloma market set to reach $27.8bn by 2027, says GlobalData
The Multiple Myeloma (MM) market is expected to grow from $14.5bn in 2017 to $27.8bn by 2027 across the eight major markets (8MM*) at a compound annual growth rate (CAGR) of 6.7%, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Multiple Myeloma: Global Drug Forecast and Market Analysis to 2027’, […]
China will spearhead global planned liquids storage capacity in 2023, says GlobalData
China is expected to be the major contributor to the growth of the global planned liquids storage industry between 2019 and 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘Global Planned Liquids Storage Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details of All Planned Terminals‘, reveals […]
Italy will contribute 35% of Europe’s new-build underground gas storage capacity in 2023
Italy is expected to add around 249 billion cubic feet (bcf) of underground gas storage capacity between 2019 and 2023, from 14 planned and announced underground gas storage sites, according to GlobalData a leading data and analytics company. The company’s latest report: ‘Underground Gas Storage Industry Outlook in Europe to 2023 – Capacity and Capital […]
Amazon proposes offline route to strengthen presence in India, says GlobalData
Following the recent news that global e-commerce giant Amazon plans to open 100 offline kiosks across India by the end of 2019, Sumit Chopra, Consumer Research Director at GlobalData, offers his view: “Seven years after expanding into India, Amazon has realized the immense potential of the Indian offline retail market. Even though the number of […]
Mycobacterium Tuberculosis Tests global market will decline from $602.4m in 2017 to $584.4m by 2028, says GlobalData
The global Mycobacterium Tuberculosis Tests market is expected to decline from $602.4m to $584.4m between 2018 and 2028, at a Compound Annual Growth Rate (CAGR) of -0.3%, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Mycobacterium tuberculosis Diagnostic Tests – In Vitro Diagnostics Market Analysis and Forecast Model’, reveals that […]
FDA’s approval of Mayzent could result in $1.79bn in sales by 2026 in the 7MM, says GlobalData
Following the news that Novartis’ Mayzent (siponimod) has been approved in the US, becoming the first drug approved for patients with active secondary progressive multiple sclerosis (SPMS) in over 15 years and the first oral formulation, Mark Needham, Pharma Analyst at GlobalData, a leading data and analytics company, offers his view: “This is a landmark […]
TUI’s profit warning likely to be the first of many linked to 737 MAX grounding, says GlobalData
TUI today announced that its annual profits will be severely impacted by the global grounding of Boeing 737 MAX jets. Nick Wyatt, Head of R&A, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the announcement: “TUI’s 737 MAX-related profit warning announcement feels like a watershed moment. “It marks […]
Australia inches towards supermarket automation after Coles partners with Ocado
Following the news on 26th March 2019 that Coles Supermarkets Australia has entered into an exclusive services agreement to bring British online supermarket pioneer Ocado Group’s online grocery platform, automated single pick fulfilment technology and home delivery solution to Australia prior to the end of the 2023 financial year, Katrina Diamonon, Consumer Insights Analyst at […]
Lyft may wow investors but big ride-hail question-marks remains
Ride-hail firm Lyft is set to debut on the Nasdaq stock market today (29 March) with shares priced at US$72, ahead of the initial guidance range of $62-$68 amid expectations of high demand. Dave Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “Ride-hail or ride-share start-ups are widely seen […]
Global Bone Grafts and Substitutes market expected to reach $3.2bn by 2028, says GlobalData
The global Bone Grafts and Substitutes market is expected to reach $3.2bn by 2028, growing at a Compound Annual Growth Rate (CAGR) of 4.2%, according to GlobalData, a leading data and analytics company. The company’s report, ‘Bone Grafts and Substitutes, Global Outlook, 2015-2028 reveals that Asia Pacific will be one of the fastest growing regions […]
Ford takes the axe to operations in Russia, but cost-cutting is no solution to its problems
Ford has announced that it will end passenger car production and shut plants at its Sollers joint venture in Russia as part of a restructure to operations there. Dave Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “Ford profits have been on a declining path and it should come […]
Vestas re-establishes leading position as global wind turbine manufacturer in 2018, reveals GlobalData
Vestas Wind Systems A/S has re-established itself as the leading manufacturer for wind turbines with over 10GW, or 19.6% share, of global installations in 2018, according to GlobalData, a leading data and analytics company. According to Vestas, high level of project commissioning in Americas, Europe, and steady installation activity in Asia-Pacific has aided the company […]
Nestlé bets big on China to accelerate innovation, says GlobalData
Following the recent news that food and beverage giant Nestlé has inaugurated a new research and development (R&D) center in Beijing and a System Technology hub in Shenzhen as part of a plan to accelerate its trend-based innovation in China, Shagun Sachdeva, Consumer Insights Analyst at GlobalData, offers her view: “Nestlé has been looking for […]
Daimler-Geely JV moving Smart to China with all-electric product renewal makes sense for both
News has emerged today (28 March) that Daimler has struck a deal with Geely for a 50:50 joint venture based in China to develop and operate the Smart brand globally as an all-electric carmaker. Dave Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “This deal makes a lot of […]
51.7% of UK dog owners predicted to use fitness trackers for pets to reduce insurance, says GlobalData
Following yesterday’s news in the Financial Times that fitness trackers are entering the pet insurance market, Daniel Pearce, Insurance analyst at GlobalData, a leading data and analytics company, offers his view: “Incorporating technology into wearables will undoubtedly be a hit with UK dog owners, with 10.9% currently using and 51.7% open to using the technology […]