The global electric two-wheelers market was valued at US$ 12.72 Bn in 2018 and expected to witness a notable growth, expanding at CAGR of 8.17% during the forecast period from 2019 to 2027. Technological advancements in automotive field coupled with need for carbon emission control have paved the way for electric vehicles thereby stimulating the demand for electric two-wheelers. Electric two-wheelers accounted for major share in overall electric vehicles market worldwide in 2018.
The denim jeans market worldwide is expected to grow with a CAGR of 3.9% during the forecast period from 2019 to 2027, starting from US$ 69.50 Bn in 2018. Denim jeans has a unique style and appearance unmatched by any other apparel. More than 4.5 Bn units of denim jeans have been sold worldwide as of 2018. Denim jeans market is expected to witness steady growth in the near future due to rise in disposable income worldwide. Due to increase in influence of western culture on clothing style, is the prominent factor in growth of denim jeans market. The individuals consider denim jeans as comfortable, durable and easy, on account of which they prefer it. As a result of these factors, we are expecting steady growth in near future.
Globally, the dealer management systems market is expected to grow with a CAGR of 7.60% during the forecast period from 2019 to 2027 and is expected to register a market value of US$ 11.60 Bn in 2027. A dealer management system is a system that is used to provide a centralized application for collecting the customer and vehicle inventory information. These systems cover the information associated with pre-sales, vehicle sales, financial accounting information, customer relationship management, and workflow automation.
Globally, the customer experience management market is expected to grow with a CAGR of 14% during the forecast period from 2019 to 2027, up from US$ 6.80 Bn in 2018. The growth of the market is attributed to the increasing demand among the enterprises to provide the better customer experience. As the competition among the market players is fueling, the organization started focus on providing better customer experience to reduce the churn rate and gain customer loyalty. To address these challenges, the enterprises are looking for advance software solutions to monitor the customer experience.
In 2018, the global child resistant closures market was valued at US$ 1.60 Bn and expected to grow with a CAGR of 6.7% during the forecast period from 2019 to 2027. Child resistant closure market is growing due to worldwide increase in accidental drug intoxication cases among children below 5 years of age. To decrease these accidental cases government is taking initiatives to apply rules for child resistant packaging.
The CBD oil market is expected to grow at a CAGR of 32.5% during the forecast period from 2019 to 2027, starting from US$ 534.4 Mn in 2018. CBD oil-based products are gaining its popularity and consumers nowadays are becoming more inclined towards using CBD oil-based products for treating a number of health problems such as insomnia, chronic pain, anxiety, among others. The younger generation is more interested in trying new and buzzy trends and CBD beauty is one of those trend.
The bottled water hydration market is expected to grow at a CAGR of 7.3% during the forecast period from 2019 to 2027, starting from US$ 161.04 Bn in 2018. The demand for bottled water is rising to a great extent throughout the globe. As per the International Bottled Water Association (IBWA), most of the consumers in the U.S. prefer bottled water over other packaged drinks. The reports also suggest that in the year 2018 the consumption of bottled water in the North America region accounts for around 13.8 billion bottled water hydration market gallons.
The global facility management market has generated a revenue of $606.4 billion in 2015 and is anticipated to grow witha CAGR of 12.9% during the forecast period of 2016-2022.Facility management is an interdisciplinary business function which aims to coordinate supply and demand of services and facilities within private and public organizations. These solutions have been widely adopted for cost reduction and optimum management of resources and organization’s assets.
The global Neem extracts market is expected to grow at the CAGR of 16.1% during 2015-2022 and it estimated to be $1.37 billion by 2022. Neem extracts market is expected to have high growth in bio-pesticides and agriculture segment, during the forecasted period. Neem extract market is increasing due to high interest of end-users towards bio-based products.
The global mobile wallet market is expected to grow at the CAGR of 38.5% during 2015-2022 and it estimated to be $2.1 billion by 2022. The global mobile wallet market is majorly driven by significant growth in mobile phone adoption, online transaction and online money transfer.