Kitchen Appliances Market Size Worth $246.3 Billion By 2022 | Key Players Philips Electronics, Robert Bosch GmbH

San Francisco, 25 Sep 2018: The global kitchen appliances market is estimated to worth USD 246.3 billion by 2022, according to a new study by Grand View Research, Inc. Research and development or innovation by industry participant is anticipated to boost industry growth over the forecast period.

Energy efficiency, cost, technology advancement, quality of the products affect the consumers’ buying decision. Emergence of ecommerce industry and investment in distribution channels has not only boosted industry participants’ revenue but also has expanded their reach. Growing demand for product up-gradation is anticipated to drive industry growth over the next seven years.

Governments worldwide are focusing on curbing energy consumption through new regulation and consumer awareness campaign, which is anticipated to drive demand for energy efficient technology products.

Changing consumer lifestyle and increasing income level is expected to boost industry growth over the forecast period. Increasing demand for ready-to-eat food may pose a challenge to growth over the next seven years.

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Further key findings from the study suggest:

• Kitchen appliances include dishwasher, cooking appliances, refrigerator, and other minor product. Some cooking products include griller, oven, barbecue, heater, fryer, cooker, etc. Increase in surplus money and growing dual earning family is expected to drive the demand for higher end or luxury product. Dishwashers are estimated to witness substantial growth owing to increasing home maid wage and decreasing time for household chores. The cooking appliances market is estimated to grow at CAGR of more than 4% over the forecast period.
• Commercial refrigerators are commonly used at convenience stores, grocery stores, restaurants, cafeterias, supermarkets, and other food stores. Increasing in number of fast-food restaurants is expected to favor commercial segment growth over the forecast period. Residential segment was valued at more than USD 100 billion in 2014 and is expected to be the key application sector over the next seven years.
• North America kitchen appliances market is anticipated to dominate global revenue generation in the coming years. Asia Pacific kitchen appliances market is anticipated to witness significant growth owing to increase income level and rising middle class population in the region. Indian government “Make in India” initiative will not only boost manufacturing but also enable industry players to offer products at low cost to Indian customers.
• Europe kitchen appliances market is expected to be propelled by increasing demand for energy efficient products. Government in European countries and the European Union are trying to curb energy consumption through new regulation and consumer awareness program.
• Companies operating in the industry include Dacor Inc, AB Electrolux, LG Electronics, Haier Group Corporation, Panasonic Corporation, and Philips Electronics. Other prominent vendors include Morphy Richards Limited, Samsung Electronics, Robert Bosch GmbH, and Whirlpool Corporation. In February 2014, Philips announced the availability of Philips Airfryer, an innovative kitchen appliance in nearly over 100 countries around the world. In August 2015, Electrolux Professional announced that it had enhanced its delivery offering to allow dealers and designers access to new commercial kitchen equipment just 24 hours after ordering. In October 2014, Electrolux announced the acquisition of Beefeater Barbecues, an Australian barbecue manufacturer, to increase market growth of niche barbecues in the region.

Access press release of this research report by Grand View Research:  www.grandviewresearch.com/press-release/global-kitchen-appliances-market

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Aerosol Caps Market Size Worth $440.5 Million By 2025 | CAGR: 4.7%

San Francisco, 25 Sep 2018: The global aerosol caps market is expected to reach USD 440.5 million by 2025, growing at a CAGR of 4.7%, according to a new report by Grand View Research, Inc. Increasing demand for the product in aerosol used in personal care and household application is expected to drive growth.

Growing demand for the aerosols in the automotive & industrial application is expected to drive industry growth over the next eight years. The increasing utilization of aerosol paint cans in enhancing the aesthetic value of the vehicle is expected to drive the demand over the forecast period.

The increasing use of aerosol products in the personal care industry is expected to have a positive impact on the demand. However, the substitution by new technologies in the aerosol industry is expected to restrain growth. In addition, the rising environmental & human health concerns pertaining to aerosol products is expected to restrain growth.

The industry is fragmented with local manufacturers accounting for majority of the market share. These players cater to their existing customers and provide personalized services to retain them. As a result, players catering to the global market struggle to acquire new customers in a supplier saturated market.

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Further key findings from the report suggest:

• Personal care accounted for 45.3% of the overall revenue share in 2016 on account of the growing demand for aerosol products in hair care and skin care applications coupled rising consumer grooming standards
• Automotive & industrial applications accounted for over 23.5% of the volume share in 2016 owing to high utilization of bug & tar remover, cleaner, degreaser aerosol sprays coupled with growing automotive industry
• Food & paints applications accounted for over USD 75 million on account of the growing demand for aerosol technology in manufacturing spray paint cans, cheese cans and other related products
• The U.S. accounted for 24% of the overall industry owing to the presence of major automotive players in the country coupled with increasing demand for aerosol technology in automotive industry
• The major players in industry are vertically integrated and adopt different technologies for improving the quality of raw materials and molding techniques to enhance the quality of the aerosol caps

Access press release of this research report by Grand View Research: www.grandviewresearch.com/press-release/global-aerosol-caps-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Massive Growth & Business Opportunities in Medical Billing Outsourcing Market | Key Participants Genpact; HCL; Kareo

San Francisco, 25 Sep 2018: The Medical Billing Outsourcing Market was valued at USD 6.3 billion in 2015 and is anticipated to reach a value of USD 16.9 billion by 2024, according to a new report by Grand View Research, Inc. Large amount of medical code representation for diagnosis and treatment coupled with the presence of multiple payers renders medical billing an intricate part of any medical practice, posing significant challenges. The challenge mounts when this process mandates adherence to the International Classification of Diseases-10th revision (ICD-10) code along with dealing with rising healthcare costs and declining reimbursements. Challenges in managing in-house billing processes include setbacks experienced in the IT structure, untrained staff, billing errors, and lack of proper financial policy in place. In order to curb or alleviate these challenges, several healthcare providers, such as acute care hospitals and clinics/physician offices, prefer outsourcing their medical billing process. According to studies, in 2015, 95% of independent physicians have acknowledged that outsourcing revenue management is the right decision.

Healthcare providers face certain challenges in ascertaining the disadvantages of in-house operation or benefits of outsourcing revenue management operations; hence, they arrived at this decision by implementing thorough assessment and evaluation of the revenue percentage they spend on several billing operations. Currently, the healthcare system is witnessing a subsequent increase in outsourcing of medical billing services by hospitals and physicians. This increase is attributed to factors such as obligatory implementation of complex ICD-10 coding system, increasing healthcare costs, and federal mandate to implement electronic medical records (EMR) to maintain reimbursement levels.

Furthermore, clinics/physician offices are gradually outsourcing their revenue management to cut unnecessary costs and prevent the burden of managing an administrative team to ensure effective handling of in-house billing functions.

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Further Key Findings From the Study Suggest:

• North America reported highest revenue growth in this market. The U.S. is witnessing rapid changes in healthcare structure reflected by implementation of new medical coding system known as the ICD-10 coding as well as pressure from the government to implement EMR management system. These changing regulations coupled with rising healthcare costs are major growth drivers for the market in this region.
• Multispecialty medical groups are implementing consolidation requiring electronic health record (EHR) integration and building large healthcare networks This integration creates a need for Revenue Cycle Management (RCM), which in turn demands additional expertise and trained personnel to manage the same. Consolidation of large healthcare practices is expected to be a one of the factors that will help in the growth of the market.
• Hospitals end-use segment accounts for the largest market share in the medical billing outsourcing market. The ability to gain total control over billing procedures and minimize loss is the main focus of these providers. As healthcare costs rise and profits are decline, RCM outsourcing is expected to be the best practice considered by these care facilities to manage their revenue.
• Some of the key players in this industry include Accretive Health, Inc.; Allscripts; Cerner Corporation; EClinicalWorks; Experian Information Solutions, Inc.; GE Healthcare; Genpact; HCL; Kareo; McKesson Corporation; Quest Diagnostics; and The SSI Group.

Access press release of this research report by Grand View Research: www.grandviewresearch.com/press-release/global-medical-billing-outsourcing-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Cement Market Size Worth $682.3 Billion by 2025 | Key Players Aditya Birla Ultratech, CNBM International Corporation

San Francisco, 25 Sep 2018: The global cement market size is expected to reach USD 682.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.8% during the forecast period. The market is anticipated to register rapid growth due to growing infrastructural development across the globe.

The global infrastructure investment is dominated by countries such as India, China, and the U.S. Soaring need for infrastructure upgrade and modification in the U.S. is likely to fuel the demand for cement over the forecast period.

Demand for residential properties is growing due to increasing urbanization and rising household income. In addition, improving economic conditions in countries such as India and China is stimulating the demand for retail and commercial spaces. Both countries are estimated to observe a remarkable rise in establishments in urban areas over the forecast period, thus providing a fillip to the cement market. 

Aditya Birla Ultratech, CNBM International Corporation, CEMEX S.A.B. de C.V., HeidelbergCement AG, Italcementi, InterCement, LafargeHolcim, SCG, Taiheiyo Cement Corporation, Titan Cement Group, Votorantim, Mitsubishi Cement Corporation, Alamo Cement Company, Argos USA Corporation, ESSROC Cement Corporation, Drake Cement LLC, and Anhui Conch Cement are some of the prominent companies operating in the market.

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Further Key Findings from the Report Suggest:

• Portland cement accounted for close to 90.0% of the overall revenue in 2016. Properties such as high strength and durability exhibited by this type are likely to trigger its demand over the forecast period
• On the basis of product, the others segment is expected to register a CAGR of 6.6% over the forecast period. Prices of other cements are expected to decline in the coming years, which, in turn, is expected to drive the market.
• Supportive regulations and favorable government policies, such as Housing for All and smart cities in India, are expected to trigger the demand for cement in residential and commercial applications in developing and underdeveloped countries
• The Cement Action Plan is a part of the World Business Council for Sustainable Development´s (WBCSD) Low Carbon Technology Partnerships initiative (LCTPi) to accelerate the deployment of low-carbon solutions in the cement industry. Policies and government initiatives related to this plan are projected to augment the market over the forecast period.
• Regional expansions and R&D are the key strategies adopted by major players to strengthen their position in the cement market as smaller companies are keen to collaborate with key players to strengthen their foothold in the global arena
• In July 2014, Aditya Birla Ultratech acquired 2 units of Jaiprakash Associates in order to increase the firm’s production capacity to 100 metric tons per year by 2020.

Access press release of this research report by Grand View Research:  www.grandviewresearch.com/press-release/global-cement-market

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

HRM Market Size Worth $30.0 Billion By 2025 | Industry Key Players ADP LLC; Workday, Inc.

San Francisco, 24 Sep 2018: According to a report by Grand View Research, Inc., global human resource management (HRM) market is predicted to value USD 30.0 billion by 2025. Growing requirement to manage human resources in a way that it can support organizational growth is anticipated to propel demand for human resource management. HRM is likely to support professionals to execute conventional human resource (HR) activities in reduced time period. In addition, it can allow them to focus on hiring right candidates, aligning organizational strategies with individual goals, retaining human capital to boost organizational growth.

High demand for strategic recruitment solutions to hire potential employees in organizations can influence growth of market. Continual technological advancements in the field of machine learning, artificial intelligence (AI), and big data analytics can fuel market growth. Increasing use of advanced human capital management platforms over conventional recruitment methods can augment growth of market during the forecast period (2014 to 2025).  

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www.grandviewresearch.com/industry-analysis/human-resource-management-hrm-market

The human resource management market can be segregated on the basis of software, service, deployment, enterprise, end-use, and region. Based on software, the market can be categorized into recruiting, talent management, core HR, workforce planning & analytics, employee collaboration & engagement and others. In 2016, core HR software segment accounted for major market share attributed to high demand for automation of various HR functions.

Based on service, the market can be classified into support & maintenance, integration & deployment, training & consulting. In 2016, integration and deployment segment dominated the market and accounted for market share equivalent to USD 1.5 billion.

Based on deployment, the market can be bifurcated into on premise, and hosted. On premise HR solutions segment dominated the market when internet was not affordable and easily available. At that time, most organizations adopted on premise HR solutions for possible developments. In addition, such HR solutions can offer feasible options for radical customization of software.

On the contrary, host HR solutions segment is predicted to witness significant growth during the forecast period attributed to easy availability of internet services at affordable prices. In 2016, this segment accounted for market share equivalent to USD 4.4 billion.

Based on enterprise, the market can be split into small & medium enterprise and large enterprise. In 2016, small and medium enterprises (SMEs) segment accounted for market share equivalent to USD 4.8 billion and is likely to grow at highest CAGR during the forecast period. Multiple SMEs are expected to implement HR solutions to reduce administrative work and allow employees to concentrate on organizational development.

In addition, significant number of large enterprises are also expected to implement HR solutions to manage huge database.

Based on end-use, the market can be segmented into government, healthcare, IT & telecom, manufacturing, retail, BFSI, and others. Growing demand for retail, healthcare, and IT & telecom sectors is likely to stimulate market growth. Increasing use of automated systems to recruit candidates according to their job profiles and organization structure can fuel demand for advanced HR solutions. Such solutions in employee management, performance management, workforce planning are expected to revolutionize IT & telecom sector. In 2016, IT & telecom segment accounted for market share equivalent to USD 2.4 billion.

Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East & Africa (MEA). In 2016, Asia pacific accounted for market share equivalent to USD 2.3 billion and is likely to grow at phenomenal rate during the forecast period. High prevalence of emerging economies such as India, China, and South Korea are anticipated to propel growth of market in the region. In addition, rising government initiatives promoting digitization of business processes and adoption of cloud based systems can also influence market growth.

In North America, the market is estimated to witness significant growth during the forecast period. Prevalence of large number of HR solution providers can augment growth of market in the region.

Some of the leading companies offering human resource management are Ultimate Software; Oracle Corporation; ADP LLC; Workday, Inc.; Kronos, Inc.; and SAP SE. Most companies are likely to adopt strategic initiatives such as new product development and mergers & acquisitions to maintain their market value.

Access press release of this research report by Grand View Research: www.grandviewresearch.com/press-release/global-human-resource-management-hrm-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com