Sunday, February 13, 2022

Car Rental Services Industry Procurement Intelligence, Drivers, Restraints and Challenges Analysis Report 2020-2027

The global car rental services market was valued at USD 98 billion in 2020 and it is expected to grow at a CAGR of 4-5% from 2020 to 2027. A significant rise in the number of people taking business and leisure trips across the globe is considered a major driving factor. Based on vehicle type, the economy cars segment accounted for the largest share of over 33% in 2020 and is expected to maintain its dominance during the forecast period. However, the executive cars segment is anticipated to register the highest growth rate due to the increasing number of business travelers across the globe, specifically in developing countries. North America is leading the global car rental services market with more than 50% revenue share in 2020 followed by APAC and Europe.

Read report summary or request a free sample copy of the report “Car Rental Services Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

The car rental industry has witnessed significant growth in the last ten years due to the increasing penetration of online rental car booking applications. The market is emerging as one of the key segments in the global transportation industry, as car rental services not only benefit customers and rental companies but also car manufacturers. Automotive manufacturers have started leasing cars to small rental companies who increase their fleet size without making large investments.

There has been a significant increase in global travel in the last few years. Global commuters are increasingly demanding familiar, reliable, and high-quality travel services during their travel. Some regional car rental operators are attempting to leverage this trend by expanding their brand and distribution platforms on a global level. The implementation of an integrated global car rental system is expected to enable these operators to manage their widespread business operations.

Cost Drivers

Car rental services cost depends on several factors such as location, duration of travel, vehicle type, etc. The cost of rental car services can be segmented into five major categories; rental fees, registration fees, location surcharge, administration fees, and tax. Among these, rental fees is the largest cost component accounted for more than 70% of the overall cost of service. These rental fees include driver fees, fuel costs, insurance, etc. The procurement cost of car rental services have dropped by more than 20% since the beginning of the Covid-19 pandemic.

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The Covid-19 pandemic has negatively affected the global car rental services industry. Many governments were forced to temporarily stop large-scale industrial operations. Many companies have allowed their employees to work remotely from home since the beginning of the pandemic. Though few companies are starting to get back into work from the office system, the majority of companies have implemented long-term remote working strategies to reduce cost and increase productivity. These factors limit corporate travelling and are expected to reduce demand for car rental services during the forecast period.

Key Players:

  • Avis Budget Group, Inc
  • EuropeCar, Enterprise Holdings, Inc.
  • Hertz System, Inc.
  • Localiza
  • Sixt
  • Carzonrent India Pvt Ltd.
  • Eco Rent a Car
  • ANI Technologies Pvt. Ltd.

The global car rental services industry features a moderately fragmented landscape with leading players contributing less than 40% of the market share. Industry leaders are strengthening their presence through multiple mergers and acquisitions.

Check out the featured Add-on Services offered with Car Rental Services Market Procurement Intelligence Report:

About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
 
Our services include (not limited to):
 
Market Intelligence involving - market size and forecast, growth factors, and driving trends
Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
 
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter



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Yacht Charter Industry Procurement Intelligence, Business Opportunities with Top Key Players 2020-2027

The global yacht charter market is valued at ~USD 15 billion in 2020 and it is expected to grow at a CAGR of 5% from 2020 to 2027 due to growing preference among travelers for luxury marine tourism and personalized services. Europe is the largest regional market with more than 40% share and is expected to continue leading during the forecast period as countries, such as Greece, Croatia, and Turkey are among the most popular tourist destinations. 24-69 meter yacht segment has the highest market share owing to factors such as availability of variants, which also includes a vessel having wind sailing capabilities that help save fuel and ensure traveling in favorable wind direction. Moreover, its low maintenance cost, shallow draft for water anchorages capability, and lower moorage cost makes it the most preferred choice for customers.

Read report summary or request a free sample copy of the report “Yacht Charter Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing &Cost Structure Intelligence, Best Practices, Engagement Model, Low &Best Cost Country, Day One Analysis Report, 2020 – 2027”

Yacht chartering is renting or chartering a motor yacht and traveling to various destinations for a vacation activity or a business event. Yachts can be categorized into the following types:

  • Mega yachts: It is above 50 meters in length and designed for exceptionally big groups and larger families. Mega yachts are attended by professional crews of several full-time members.

  • Superyachts: A superyacht is above 30 meters in length. They are usually equipped with an array of amenities such as audio-visual entertainment and water sports equipment.

  • Luxury yachts: Luxury yachts are ~24 meters in length and are suitable for small families and groups. They are habitually crewed by permanent or seasonal crews from two to four members.

  • Sports cruisers: These are boats less than 18 meters in length. These models are suitable one to two persons for relatively short day cruising.

Cost Drivers

The major cost components of yacht charter services include the cost of crew members, food and drinks costs, fuel costs, dockage, communication costs, etc. These components together accounted for more than 80% of the overall cost of service. Other cost drivers include VAT and insurance costs.

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The global yacht charter industry has been severely hit by the rapid spread of the COVID-19 across key markets in Europe and the Americas. However, whilst inquiries for new charters and second-hand sales have significantly reduced and travel restrictions in several countries made yacht operation difficult, most large yachts remain fully crewed and operational and, where possible, yachts continue to prepare for the 2022 season.

Key Players:

  • Beneteau S.A
  • Sunseeker International Ltd.
  • The Moorings Limited
  • Camper &Nicholsons International Ltd.
  • Sunsail Worldwide Sailing Ltd.
  • Argo Nautical Limited
  • Kiriacoulis Mediterranean Cruises Shipping S.A.
  • Boat International Media Ltd.
  • Yachtico Inc.
  • Fraser Yachts Florida Inc.

The global yacht charter market features a moderately fragmented landscape as the industry leaders contribute less than 30% of the overall market share. Leading suppliers are strengthening their presence through multiple mergers and acquisitions. 

Check out the featured Add-on Services offered with Yacht Charter Market Procurement Intelligence Report.

About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
 
Our services include (not limited to):
 
Market Intelligence involving - market size and forecast, growth factors, and driving trends

Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
 
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter

 

 


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Wastewater Treatment Industry Procurement Intelligence, Drivers, Restraints and Challenges Analysis Report 2020-2027

The global wastewater treatment market was valued at ~USD 260 billion in 2020 and it is expected to grow at a CAGR of 6.5% from 2020 to 2027. Rising demand for clean water due to rapid urbanization and industrialization, coupled with diminishing freshwater resources is expected to drive the global wastewater treatment market. North America generates the highest demand for wastewater treatment. It accounted for more the 35% of revenue share in the global wastewater treatment industry. Whereas, APAC is expected to witness the highest growth rate during the forecast period owing to large scale investments in China and India on developing sludge process based effluent treatment to improve water quality and sanitation services.

Read report summary or request a free sample copy of the report “Wastewater Treatment Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing &Cost Structure Intelligence, Best Practices, Engagement Model, Low &Best Cost Country, Day One Analysis Report, 2020 – 2027”

Wastewater treatment is a process to remove organic matter and other contaminants from wastewater. These treatments aim to make the wastewater clean and safe enough to discharge back into the environment without harming nearby residents or the local ecosystem. Cities and municipalities use wastewater treatment plants to clean sewage and storm water. Whereas, an industrial production facility has an on-site wastewater treatment plant to decontaminate its chemical-filled process water. They can also collaborate with nearby facilities for wastewater treatment. Following are the four major types of wastewater treatment:

  • Sewage Treatment Plants (STPs)
  • Effluent Treatment Plants (ETPs)
  • Activated Sludge Plants (ASPs)
  • Common and Combined Effluent Treatment Plants (CEPTs)

Cost Drivers

Fixed costs play a major role in determining the overall cost of wastewater treatment services. Land cost and installation cost are the two major fixed costs. Installation costs can be categorized based on the function of machinery and equipment. The reactor cost accounted for ~40% of the overall cost of installation followed by filter installation cost. Variable costs include labor and maintenance costs. It accounted for less than 20% of the overall cost of wastewater treatment services.

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The Covid-19 pandemic has slowed down investments in the water sector worldwide in 2020. Many large industrial users of water have reduced activities resulting in declining industrial demand. The industrial water demand has fallen by more than 25% in 2020. This decline in demand from large industrial and commercial users due to lockdowns and travel restrictions has reduces revenues to water utilities significantly. Moreover, the supply shortage of chemicals used for wastewater treatment globally is anticipated to hinder the growth of the market during the forecast period.

Key Players:

  • Suez Environnement S.A.
  • Xylem, Inc.
  • DuPont de Nemours, Inc.
  • Evoqua Water Technologies Corporation
  • 3M Company
  • Pentair plc
  • Kingspan Water & Energy
  • The Dow Chemical Company
  • Calgon Carbon Corporation
  • Kurita Water Industries Ltd.
  • Bio-Microbics, Inc.
  • BASF SE

The global wastewater treatment industry features a highly fragmented landscape with the top ten players contributing less than 20% of the market share. Industry leaders are strengthening their presence through multiple mergers and acquisitions. 

Check out the featured Add-on Services offered with Wastewater Treatment Market Procurement Intelligence Report:

About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
 
Our services include (not limited to):
 
Market Intelligence involving - market size and forecast, growth factors, and driving trends
Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
 
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter

 

 

 


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Auditing Services Industry Procurement Intelligence, Business Opportunities with Top Key Players 2020-2027

The global auditing services market is valued at ~USD 220 billion in 2020 and it is expected to grow at a CAGR of 4% from 2020 to 2027 majorly due to Increasing stringent government regulations regarding disclosure and reporting of financial details. The external audit segment has a higher market share than the internal audit segment. The external audit segment accounted for more than 60% of the overall market. However, the internal audit segment is expected to witness the highest growth rate during the forecast period. North America has the largest market share of ~40% in the global market followed by APAC and Europe.

Read report summary or request a free sample copy of the report “Auditing Services Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Auditing is an official examination and verification of a business’s financial records. Auditing services include official inspection and verification of the credibility of financial reports. The main objective of auditing is to confirm whether the company’s financial statements are accurate and are following regulatory guidelines. Auditing also gives investors, creditors, and other stakeholders reasonable assurance that they can rely on a company and its integrity. Audits can be conducted by either a business’s management as an internal control process or by the government, in case they notice suspicious financial activity. Auditing services can be categorized into three major types:

  • Internal audits: It is performed by a qualified auditor or accountant working within the organization. Internal audits can be conducted weekly, monthly, or annual basis based on company requirements.

  • External audits: In this audit, financial statements are made by an independent, third-party professional. External audits are extremely beneficial as it is more unbiased and reliable than internal audits.

  • IRS audits: Internal Revenue Service (IRS) audits are government audits conducted to ensure that financial data has been reported in compliance with tax laws. These audits are mostly conducted randomly. However, more often than not IRS selects businesses based on suspicious activity, such as unusual deductions or uncommon sources of income.

Cost Drivers

The salary of professionals conducting the auditing is the major cost driver of the auditing services. This auditor rate is very high in North America and Europe. APAC's average auditor rate is around 50% lower than North America and Europe. However, the salary growth rate in APAC is considerably higher than in other regions.

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Increasing individuals’ preference towards automation and AI across various industries is expected to hamper the growth of the global auditing services industry during the forecast period as AI-driven auditing reduces the dependency on physical auditing services. Furthermore, lack of awareness among individuals regarding financial auditing services remains a critical challenge in the global market.

Some of the key suppliers of auditing services are:

  • Ernst & Young
  • Protiviti
  • RSM US
  • Deloitte
  • PwC
  • KPMG
  • Grant Thornton International Ltd.
  • Moore Stephens International Limited

The global auditing services market feature a moderately consolidated landscape as the industry leaders contribute more than 60% of the overall market share. Leading suppliers are strengthening their presence through multiple mergers and acquisitions. 

Check out the featured Add-on Services offered with Auditing Services Industry Procurement Intelligence Report.

About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
 
Our services include (not limited to):
 
Market Intelligence involving - market size and forecast, growth factors, and driving trends
Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
 
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter

 


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Shipping Containers Industry Procurement Intelligence, Drivers, Restraints and Challenges Analysis Report 2020-2027

The global shipping container market is expected to be valued at USD 6.4 billion in 2027. While the shipping and transportation market is currently facing a shortage in the supply of containers, it is expected that the supply of shipping containers will increase during the period of forecast. The anticipated CAGR during the period of forecast (2020 to 2027) is 12.0%. From a market segmentation perspective, based on the type of container, dry containers occupied approximately 70% market share in the overall container market and it is expected to drive the market during the period of a forecast as well.

The COVID pandemic negatively influenced the shipping containers industry. WTO has analyzed that there was a 9.2% decline in the volume of global merchandise trade in 2020 (compared to its previous year). In 2021, the trade volumes increased by 7.2% as compared to the trade-in 2020. The increased trade volume from 2021 was mostly carried out through containers. This indicates the growing demand for containers for trading.

Read report summary or request a free sample copy of the report “Shipping Containers Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Containers are used to transport bulk materials via container ships on seaways. A shipping container is usually made of sturdy material which ranges from reusable steel boxes that are used for intermodal shipment, ubiquitous corrugated boxes, or even wooded pallets. While shipping containers may come in various sizes, the four most popular sizes of container sizes are 8-feet shipping container, 10-feet shipping container, 20-feet shipping container, and 40-feet shipping container. Even among these varieties of sizes, the 20-feet and the 40-feet shipping containers are the most popular containers. The shipping containers are essentially manufactured as per ISO specifications not only to have hassle-free loading and unloading but also to be capable of withstanding extreme environments and maintain their structural integrity during a voyage.

Cost Drivers

Growth in international trade is boosting the demand for intermodal shipments. However, there is currently a global shortage of containers and due to this, the tariff rates for transport have been increasing continuously. This is prompting the shipping and transport providers to take several actions like optimization of ship routes to touch base with more ports, increasing the number of available ships over an extended period and introducing more containers into the market. These steps will help in the growth of the market.

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The COVID pandemic has proved to be a challenging time for the shipping industry in general and hence a challenge to the shipping containers industry as well. With ports imposing travel restrictions and trade volumes decreasing, H1 2020 saw fewer TEUs being transported globally. This resulted in lesser containers being circulated in the industry and therefore affected the revenue generated for container suppliers. In addition to this, disrupted supply chains resulted in ships being stuck at ports for a longer duration which implies that containers were being held at seaports or inland. For the containers which were stuck at ports or inland, additional fare needed to be paid for their safekeeping and storage. Therefore, the containers, instead of becoming a source of revenue generation, proved as cost heads during the pandemic.

Key suppliers of shipping containers are:

  • China International Marine Containers Co. Ltd.
  • Maersk Container Industry AS (A.P. Moller)
  • CXIC Group, Singamas Container Holdings
  • Bertschi AG, CXIC Group
  • W&K Containers, Inc.
  • Thurston Group Limited
  • OEG
  • Sea Box, Inc.
  • IWES Ltd.
  • Norcomp Nordic AB

The shipping containers industry is neither too fragmented nor too consolidated. There are several players operating in this industry and most of them are international operators. However, the industry does not have a clear market leader which would be capable of dictating the terms of the market. 

Check out the featured Add-on Services offered with Shipping Containers Industry Procurement Intelligence Report.

About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
 
Our services include (not limited to):
 
Market Intelligence involving - market size and forecast, growth factors, and driving trends
Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
 
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter


 

 

 


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Friday, February 4, 2022

Vaccine Industry Procurement Intelligence, Drivers, Restraints and Challenges Analysis Report 2020-2027

 A vaccine is a suspension of weakened, killed, or fragmented microorganisms or toxins or of antibodies or lymphocytes that is administered to stimulate the body's immune response against the specific infectious agent or disease. Intramuscular is the most common mode of administration for vaccines. Majorly vaccines can be categorized into the following types based on their characteristics:

  • Live-attenuated vaccines
  • Inactivated vaccines
  • Subunit, recombinant, conjugate, and polysaccharide vaccines
  • Toxoid vaccines
  • mRNA vaccines
  • Viral vector vaccines

Read report summary or request a free sample copy of the report “Vaccine Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global vaccine market was valued at USD 42 billion in 2020 and it is expected to grow at a CAGR of 7-8% from 2020 to 2027 due to the high prevalence of infectious diseases, increasing company initiatives to enhance vaccine R&D, growing government investments for vaccine development, and the rising focus on immunization. According to WHO immunization awareness and government initiatives have helped prevent 2-3 million deaths annually before Covid-19. The recombinant/conjugate vaccine segment is the largest market share of ~55% followed by inactivated and live attenuated vaccines. North America generated more than 35% of revenue of the global vaccine market owing to strong awareness, secure government policies regarding health welfare.

Cost Drivers

Vaccine manufacturing costs can be divided into two segments. Fixed costs and variable costs. Fixed costs include product development, facilities, and equipment costs. Variable costs include consumables, direct labor, licensing/regularization, commercialization, and overhead costs. Vaccine production costs have a significant fixed cost component, reaching up to 90% of total costs. Production costs per unit can be reduced significantly through gains in productivity and economies of scale. Because of the high fixed cost element, the cost of production per dose decreases with increasing batch size. For bulk production, equipment cost is the major cost component with more than 40% share in the overall cost of production. Whereas for lab-scale production the product development and raw material costs plays important role in determining the overall cost of production.

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Key Players:

  • GlaxoSmithKline plc
  • Pfizer
  • Sanofi Pasteur
  • Merck & Co.
  • CSL Limited
  • Emergent BioSolutions, Inc.
  • Johnson & Johnson
  • AstraZeneca
  • Serum Institute of India Pvt. Ltd.
  • Bavarian Nordic
  • Mitsubishi Tanabe Pharma Corporation
  • Daiichi Sankyo Company
  • PanaceaBiotec
  • Bharat Biotech
  • Sinovac Biotech Ltd

The global vaccine industry features a moderately consolidated landscape with the leading players contributing around 55% of the market share. Industry leaders are strengthening their presence through multiple mergers and acquisitions.

Check out the featured Add-on Services offered with Vaccine  Market Procurement Intelligence Report.

About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
 
Our services include (not limited to):
 
Market Intelligence involving - market size and forecast, growth factors, and driving trends

Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
 
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter






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Translation Services Industry Procurement Intelligence: Supplier Intelligence, Supplier Ranking, Engagement Model, Analysis Report, 2020-2027

The procurement need for translation services is on the rise with companies and governments regularly communicating with existing and potential customers, business partners, even employees working in other countries. Translation services can be segmented into the following categories based on applications:

  • Technical translation: Technical and user manuals, maintenance manuals, contracts and patents, installation guides, product datasheets, and catalogs, etc.

  • Medical translation: Safety documentation, medical consent forms, instructions for use (IFUs), clinical documentation, contracts and patents, packaging and product labeling, etc.

  • Software localization: Software user interfaces, error messages, system messages, help files

  • Website translation: Website copy, downloadable documents, video subtitles, currencies, address formats, and embedded graphics

  • Commercial translation: Business correspondence, company accounts, reports, memos, tenders and quotations, brochures, newsletters, magazines, etc.

  • Administrative translation: Management documents, training materials, employee manuals

  • Financial translation: Company annual reports, financial statements, financing packages, tax reports, cash flow, and income statements, disclosures, etc.

Translation services also have two segments based on service type; machine translation and human translation. Machine translation is majorly used for conferences and real-time scenarios. Whereas, human translation services are more common in document translation activities.

Read report summary or request a free sample copy of the report “Translation Services Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global translation services market was estimated at ~USD 50 billion in 2020 and it is expected to grow at a CAGR of 4% from 2020 to 2027 due to growing engagements of local markets into businesses. The demand for the translation of documents to languages such as English, Italian, German, French, Spanish, and Portuguese is very high. North America and Europe are expected to witness significant growth as the population in the region continues to shift and becomes more diverse, the need for effective translation services is expected to increase in all the industries across the region, and qualified translators and interpreters are crucial in serving the needs of this increasingly diverse population.

Cost Drivers

The cost of translations services has two aspects; software development, installation and ownership cost; and translation rate. The software development and installation are regarded as the fixed cost of service, whereas the software maintenance and translation rates are variable components of translation services. The translation rates are determined by many factors such as number of words and pages, subject matter, time, language combination, etc.

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Key Players:

  • TransPerfect
  • Lionbridge
  • LanguageLine
  • SDL
  • RWS
  • WELOCALIZE
  • Yamagata Corporation
  • Semantix
  • Logos Group
  • Lingotek

The global translation services industry features a highly fragmented landscape as the top 10 players hold less than 10% of the overall market share. Many suppliers are strengthening their geographic service capability through mergers and acquisitions. 

Check out the featured Add-on Services offered with Translation Services Market Procurement Intelligence Report.

About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
 
Our services include (not limited to):
 
Market Intelligence involving - market size and forecast, growth factors, and driving trends

Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
 
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter





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Yacht Charter Industry Procurement Intelligence, Drivers, Restraints and Challenges Analysis Report 2020-2027

Yacht chartering is renting or chartering a motor yacht and traveling to various destinations for a vacation activity or a business event. Yachts can be categorized into the following types:

  • Mega yachts: It is above 50 meters in length and designed for exceptionally big groups and larger families. Mega yachts are attended by professional crews of several full-time members.

  • Superyachts: A superyacht is above 30 meters in length. They are usually equipped with an array of amenities such as audio-visual entertainment and water sports equipment.

  • Luxury yachts: Luxury yachts are ~24 meters in length and are suitable for small families and groups. They are habitually crewed by permanent or seasonal crews from two to four members.

  • Sports cruisers: These are boats less than 18 meters in length. These models are suitable one to two persons for relatively short day cruising.

Read report summary or request a free sample copy of the report “Yacht Charter Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing &Cost Structure Intelligence, Best Practices, Engagement Model, Low &Best Cost Country, Day One Analysis Report, 2020 – 2027”

Demand Outlook

The global yacht charter market valued at ~USD 15 billion in 2020 and it is expected to grow at a CAGR of 5% from 2020 to 2027 due to growing preference among travelers for luxury marine tourism and personalized services. Europe is the largest regional market with more than 40% share and is expected to continue leading during the forecast period as countries, such as Greece, Croatia, and Turkey are among the most popular tourist destinations. 24-69 meter yacht segment has the highest market share owing to factors such as availability of variants, which also includes a vessel having wind sailing capabilities that help save fuel and ensure traveling in favorable wind direction. Moreover, its low maintenance cost, shallow draft for water anchorages capability, and lower moorage cost makes it the most preferred choice for customers.

Cost Drivers

The major cost components of yacht charter services include the cost of crew members, food and drinks costs, fuel costs, dockage, communication costs, etc. These components together accounted for more than 80% of the overall cost of service. Other cost drivers include VAT and insurance costs.

Browse our other Reports:

Key Players:

  • Beneteau S.A
  • Sunseeker International Ltd.
  • The Moorings Limited
  • Camper &Nicholsons International Ltd.
  • Sunsail Worldwide Sailing Ltd.
  • Argo Nautical Limited
  • Kiriacoulis Mediterranean Cruises Shipping S.A.
  • Boat International Media Ltd.
  • Yachtico Inc.
  • Fraser Yachts Florida Inc.

The global yacht charter market features a moderately fragmented landscape as the industry leaders contribute less than 30% of the overall market share. Leading suppliers are strengthening their presence through multiple mergers and acquisitions. 

Check out the featured Add-on Services offered with Yacht Charter Market Procurement Intelligence Report.

About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
 
Our services include (not limited to):
 
Market Intelligence involving - market size and forecast, growth factors, and driving trends

Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
 
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
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