Market Size Research Articles

Chromium market size and share to surpass $21.3 bn by 2031

Chromium market size and share to surpass $21.3 bn by 2031

Pricing above value: Selling to a market with selection problems

This paper shows that selection incentives in downstream markets distort upstream prices. It is possible for inputs to be priced above the value that the good has for final consumers. We apply this idea to pharmaceutical companies selling drugs to a health insurance market with selection problems. We specify the conditions under which drugs are sold at prices exceeding treatment value. Another feature of the model is an excessive private incentive to reduce market size, e.g. in the form of personalized medicine.

Synthetic zeolites market size worth $6.8 bn in 2032

Synthetic zeolites market size worth $6.8 bn in 2032

Platinum group metals market size worth $58 bn in 2032

Platinum group metals market size worth $58 bn in 2032

Ruthenium market size to grow to $888 M by 2032

Ruthenium market size to grow to $888 M by 2032

In search of key performance indicators of regional competitiveness in the European Union

AbstractThis study investigates key performance indicators (KPIs) affecting regional competitiveness in the European Union (EU) and compares its performance across two groups of EU regions identified by their development phase based on the path dependence argument. Utilizing 40 indicators from the Regional Competitiveness Index (RCI) across 268 NUTS2 regions, it identifies five critical KPIs: Knowledge workers, Employment rate, Labor productivity, Potential market size, and not in education, employment, or training. The classification and regression tree decision tree reveals the labor market efficiency pillar as crucial for RCI classification. Offering unique insights into RCI indicators and their impact, this research provides a policy‐oriented perspective and suggests avenues for further comparative research.

Industrial catalyst market size to grow to $32.5 bn by 2034 at a CAGR of 3.8%

Industrial catalyst market size to grow to $32.5 bn by 2034 at a CAGR of 3.8%

기업집단에서의 최고경영자 교체: 내부시장의 효과

Despite extensive research on factors influencing the turnover of Chief Executive Officers
 (CEOs), studies focusing specifically on CEO succession within business group-affiliated
 firms, are relatively scarce. Additionally, while some research has investigated the impact
 of business group affiliations on the performance-turnover relationship, the findings have
 been inconsistent. To address this gap, this study focuses on the internal markets exclusive
 to firms affiliated with business groups. Building on existing literature on CEO succession
 and business groups, I hypothesize that the magnitude of internal transactions in products
 and services diminishes the effect of firm performance on CEO turnover. Further, I
 hypothesize that the extent of internal capital investment from other affiliated firms and
 the size of the internal labor market intensify this effect. The analysis, based on CEO
 turnovers in listed non-financial firms in business groups that were subject to mutual
 investment restrictions from 2010 to 2015, supports the hypotheses. This study contributes
 to the existing literature on CEO succession in business groups by emphasizing that the
 groups' internal environment is pivotal in shaping decision-makers' perceptions and
 evaluations during the succession process.

Imitation Dynamics in Oligopoly Games with Heterogeneous Players

We investigate the role and performance of imitative behavior in a class of quantity-setting, Cournot games. Within a framework of evolutionary competition between rational, myopic best-response and imitation heuristics with differential heuristics’ costs, we found that the equilibrium stability depends on the sign of the cost differential between the unstable heuristic (Cournot best-response) and the stable one (imitation) and on the intensity of the evolutionary pressure. When this cost differential is positive (i.e., imitation is relatively cheaper vis a vis Cournot), most firms use this heuristic and the Cournot equilibrium is stabilized for market sizes for which it was unstable under Cournot homogeneous learning. However, as the number of firms increases (n=7), instability eventually sets in. When the cost differential is negative (imitation is more expensive than Cournot), complicated quantity fluctuations, along with the co-existence of heuristics, arise already for the triopoly game.

A comprehensive approach to strategic planning for marine aquaculture in Egypt: SWOT-AHP analysis

Egypt, a leading producer of aquaculture in the Mediterranean, faces challenges in developing its marine aquaculture sector. To address these issues, this study utilized the SWOT-AHP methodology for a quantitative assessment of strengths, weaknesses, opportunities, and threats. Interviews were conducted with 26 experts, including marine fish farmers, academics, and officials. The results revealed Egypt's global leadership as the largest producer of meagre and the third-largest producer of marine species such as seabass and seabream. This success can be attributed to strengths such as competitive pricing for meagre, extended marine aquaculture sites, suitable weather conditions, and moderate winters not available to competitors, contributing to the production of high-quality marine fish with a large market size. This provides a significant marketing opportunity when focusing on this high-priced large-size category. However, experts' concerns about the development of marine aquaculture lead them to believe that weaknesses and threats outweigh strengths and opportunities. These concerns include reliance on limited and costly trash fish, a decrease in demand for aquafeed due to rising prices, poor water quality, and a dependency on wild seeds. Pollution and climate change are also major concerns. In summary, the implementation of the SWOT-AHP approach ensures the development of an effective strategic plan for marine aquaculture in Egypt. This approach contributes to maximizing opportunities and addressing challenges that may hinder the sector's future growth. Collaborative execution among stakeholders (farmers, academics, and officials) is expected to facilitate a transition to sustainable practices, promoting innovation, and continuous improvement of the strategy.

Cannabis sativa: A therapeutic medicinal plant-global marketing updates

Cannabis has been used for thousands of years for recreational, medicinal, or religious purposes and the therapeutic potential of medicinal Cannabis was demonstrated in various medical conditions. The legalization of Cannabis is an important source of economic growth as it contributes to the growing revenue tax, and the creation of new workplaces. The maturity of the Cannabis market varies across the globe mainly due to differing legal environments and public attitudes towards Cannabis. Some countries such as Canada and the United States have adopted fully regulated frameworks that allow the cultivation, consumption, and retail distribution of various Cannabis products. Uruguay became the first country in the world to legalize the production, distribution and consumption of cannabis in 2013. The Cannabis market in Canada and the USA is experiencing rapid growth due to the country's legalization of recreational use. Regulations can also differ regarding how cannabis is used. However, the use, cultivation, and marketing of Medical Cannabis sativa (drug or Marijuana type ) is banned and prohibited in India due to the presence of high levels of psychoactive principle THC (Narcotic drug). On the other hand, Industrial Cannabis sativa (seed or fiber type) Hemp was legalized in 2021 by The Food Safety and Standards Authority of India (FSSAI), Government of India, New Delhi. In Azerbaijan, Cannabis is not available for medical or recreational use. Recreational Cannabis and medical marijuana are illegal in Azerbaijan. Marijuana is illegal for medical and recreational purposes in China. There is still a huge prejudice in society about medical Cannabis due to its recreational use. However, this scenario is changing, and the social resistance is decreasing for the medicinal use of Cannabis. The Cannabis (Hemp) market in India is predicted to experience a substantial revenue growth, with projections indicating that it will reach ₹US$100.80m by 2024. The Cannabis market worldwide is projected to reach a revenue of US$60.79bn in 2024. The global legal marijuana market size is expected to reach USD 73.6 billion by 2027 and is anticipated to expand at a CAGR of 18.1% during the forecast period.

Tata Motors Limited: strategic journey towards electric vehicle

Learning outcomes The case study has been prepared for management students/business executives to understand electric vehicle (EV) business, business environment, industry competition and strategic planning and strategy implementation. Case overview/synopsis The size of the Indian passenger vehicle market was valued at US$32.70bn in 2021; it was projected to touch US$54.84bn by 2027 with a Compound Annual Growth Rate (CAGR) of more than 9% during the period 2022–2027. The passenger vehicle industry, a part of the overall automotive industry, was expected to grow at a rapid pace, as the Indian economy was rising at the fastest rate. However, the Government of India (GoI) had put a condition on the growth scenario by mandating that 100% of vehicles produced would be EVs by 2030. Tata Motors (TaMo), a domestic player in the market, had been facing a challenging competitive environment. Although it had been incurring losses, it had successfully ventured into the EV business. TaMo had taken advantage of the first mover by creating an electric mobility business vertical to enable the company to deliver on its aspiration of providing innovative and competitive e-mobility solutions. TaMo leadership had been putting efforts to scale up the electric mobility business, thus, contributing to GoI’s plan for electric mobility. Shailesh Chandra, president of electric mobility business, had a big task in hand. He had to scale up EV production and sales despite insufficient infrastructure for charging and shortages of electronic components for manufacturing. Complexity academic level The case study has been prepared for management students/business executives for strategic management class. It is recommended that the case study is distributed in advance so that the students can prepare well in advance for classroom discussions. Groups will be created to delve into details for a specific question. While one group will make their presentation, the other groups will question the solution provided and give suggestions. Supplementary materials Teaching notes are available for educators only. Subject code CSS 11: Strategy.

Converting passenger aircraft into cargo planes under volatile market demand

The COVID-19 pandemic has severely affected airlines’ passenger businesses, while the air cargo sector has been more resilient. To reduce the financial pressure and tap into the profitable cargo business, airlines around the world are actively converting passenger aircraft into cargo planes (i.e., preighters). This paper develops an integrated economic model to examine airlines’ aircraft conversion strategies when facing dynamic market demand due to the pandemic. We consider the possibility of temporary conversion, i.e., passenger aircraft that have been converted into preighters during the pandemic can be converted back into passenger aircraft after the pandemic. We find that when the air cargo transport price is exogenous, the socially optimal conversion rates are lower than the profit-maximizing level for airlines in both the pandemic and the post-pandemic periods, and a government subsidy reduces social welfare. Competition in the passenger market or the cargo market increases conversion rates under both the airline optimum and social optimum, and widens the gap between them. However, if the airlines can influence the air cargo transport price, conversion rates may be higher under the social optimum than under the airline optimum. Competition in the passenger market and the cargo market has opposite effects on the two optimal conversion rates. When the expected cargo market size is small (large), the conversion rates in the social optimum are lower (higher) than the airline optimums, and a government subsidy worsens (enhances) social welfare. Finally, we extend our model by incorporating more real-world factors, such as the lower efficiency of preighters than that of freighters, the freighter leasing market and airlines’ lay-up of idle passenger aircraft. Most of our analytical results remain valid.

ECONOMIC CONDITIONS OF THE DEMAND FOR INVESTMENT AND WORKING CAPITAL LOANS FOR MICRO-ENTERPRISES – RESEARCH FOR POLAND DURING COVID-19

Aim: The study aims to find an answer to the question of whether and how the economic indicators in the industrial processing, construction, trade, and services sectors reflect changes in the market size related to investments and working capital loans for micro-enterprises. Methods: The study used data on investment and working capital loans and data on economic conditions. Monthly data for the years 2019–2021, covering the period of the COVID-19 pandemic, were used for the analyses. The estimation of dynamic models was carried out using the Generalized Method of Moments (GMM). Results: The conducted research showed that economic factors play a significant role in shaping the demand for investment and working capital loans in the micro-enterprise sector, but the impact of the economic situation was more significant in the case of investment loans than working capital loans. In periods of economic prosperity, micro-enterprises are more likely to take out investment loans than in periods of economic downturn. Micro-enterprises’ propensity to take out working capital loans is more dependent on their current situation and expectations regarding the demand for products and services. Conclusions: The research revealed differences in the characteristics of the factors significantly influencing the demand for credit, depending on the sector to which the indicator is concerned. The research shows that access to external financing is crucial for the functioning, survival, and expansion of micro, small, and medium-sized enterprises. The research fills the literature gap by showing how the economic situation in individual industries affects the credit market for the micro-enterprises sector.

Towards Smart Additive Manufacturing: Cost and Component Complexity

The global market size for Additive Manufacturing is predicted to be around USD 20 billion by 2025. The question arises whether conventional machining such as Computer Numerical Control (CNC) should be replaced by Additive Manufacturing (AM). The results presented in this paper are the outcome of an ongoing study. The overall objective of this study is a decision tool to decide which manufacturing route to adopt from a sustainability perspective. This paper will discuss the first phase of this study looking at the mechanical performance, cost and complexity of parts produced from AM and CNC. The results show that small parts are cheaper to fabricate by AM regardless of part complexity, whereas large, simple parts are cheaper to fabricate by CNC machining. These results might help in identifying manufacturing limitations of AM process in terms of mechanical performance and cost. These results will serve as inputs into a decision-making framework to decide on the most effective manufacturing route based on desired application such as in the spare parts in oil and gas industry.

Third‐party logistics firm's technology investment and financing options in platform‐based supply chain with 4PL service

AbstractIn practice, capital‐constrained third‐party logistics (3PL) firms usually obtain bank financing (BF) to invest in logistics technology to enhance the consumer shopping experience. The emergence of financial innovation has prompted the adoption of alternative financing modes by 3PLs, including e‐commerce platform financing (EPF) and fourth‐party logistics financing (4PF). To clarify the differences among the three financing modes at the operational management level, we develop a Stackelberg game model to capture the strategic interactions between the 3PL and creditors. We examine a platform‐based supply chain where a manufacturer sells products through an e‐commerce platform to consumers, with the logistics services for the supply chain provided by the 3PL and fourth‐party logistics (4PL) firms. The analysis results reveal that the equilibrium interest rates under EPF and 4PF share a similar pattern regarding the logistics service cost coefficient, the commission rate, and the 4PL service fee. The difference is that under EPF (4PF), the logistics service level increases in the commission rate (4PL service fee) but decreases under the other financing strategy. Furthermore, the 3PL is inclined to invest in logistics technology only when the fixed investment cost is low, and these financing modes are complementary rather than alternative. The 3PL and manufacturer can benefit from 4PF (BF) when the logistics service cost coefficient is large and the market size is small (large); otherwise, EPF can enhance their profits. We also find that when the opportunity costs of capital are homogeneous, both the 4PL and the platform are consistently willing to act as financiers themselves. However, when considering heterogeneity in the opportunity costs of capital, they may be reluctant to provide financing. Each financing mode may achieve Pareto improvements under specific conditions. Finally, we also analyze the impact of technology R&D risks and endogenous 4PL service fee, yielding some valuable insights.

Potential Revenue from Reserve Market Participation in Wind Power- and Solar Power-Dominated Electricity Grids: The Near-Term, Mid-Term, and Long-Term

As electricity systems become increasingly dominated by variable inverter-based generation (such as wind and solar photovoltaics (PV)), additional sources of variability appear, while the share of dispatchable thermal power plants decreases. Maintaining a stable grid frequency requires new sources of inertia to slow the frequency changes, as well as new sources of reserve power to counter the imbalances. This work uses a linear optimization modeling approach to analyze the reserve market of the electricity system during the transition to a carbon-free system with high shares of variable electricity generation. The modeling is performed for three regional contexts and with varying degrees of available flexibility technologies. As for the reserve supply, batteries, electrolyzers, electric boilers and heat pumps for district heating, curtailed wind and solar power, and hydropower and thermal power plants are all included. The results indicate that of these suppliers of reserves, the introduction of grid-scale batteries into the system drastically reduces the reserve market size. Only early in the transition is revenue from the reserve market greater than 5% of the total revenue for any technology. While the demand for reserves increases as the share of solar PV and wind power increases, the modeling reveals that access to flexible loads, storage units, and emulated inertia from wind power also increases. Depending on the choice of flexibility measures available, demand-side participation could play a major role in minimizing the cost of grid stability in the future.

Analisis Pengaruh Kualitas Institusi, Keterbukaan Perdagangan, Inflasi, Ukuran Pasar dan Infrastruktur Terhadap Foreign Direct Investment di Negara-Negara ASEAN

The main problem for any country, especially in developing countries in the process of economic development, is the level of output produced is low as a result of limited capital flows. To be able to increase economic development, one way that can be done is by attracting foreign direct investment. This study aims to analyze the determinants of foreign direct investment (FDI) in terms of institutional and macroeconomic factors in ASEAN countries in the period 2003-2019. This research uses panel data regression analysis method with Fixed Effect Model (FEM) approach.The results of this study show that institutional quality variables such as political stability and the absence of violence/terrorism, government effectiveness have a positive and significant influence on FDI inflows. Then, the control of corruption has a negative and significant effect on FDI inflows. Meanwhile, macroeconomic variables such as trade openness, market size, infrastructure have a positive and significant influence on FDI inflows in ASEAN countries. On the other hand, inflation has a negative and significant effect on FDI inflows. With these results, the quality of institutions and macroeconomic conditions in the ASEAN region plays an important role in attracting FDI inflows.

Cosmetic - Market Values and its Importance Among Human Race

Recent globalization has made each and every field to enter the globalization along with the cosmetic industry. Use of cosmetic product has evolved at a very higher rate and is continuing to show the rapid growth. The cosmetics are heading towards more of the vegan, cruelty-free etc. products as awareness of the ingredients and the way the products are made has evolved among the customers. Due to increasing environmental pollution and its effects on human beings, the disturbance is affecting our human skin also. The environmental disturbance is leading to different types of skin issues like dryness, rashes, white spots etc. Regarding this issue, research in many fields of the cosmetic is being conducted. The cosmetics produces are now vegan free, cruelty free contains organic ingredients and are helping people having healthy, anti-aging and smooth skin with the use of these organic products and is aiming towards the sustainable usage organic ingredients are being used and is leading towards many research opportunities many factors are keeping in mind to produce organic based skincare and makeup products All these factors are contributing towards the change in market size, trends and shares. This paper focus mainly on the cosmetic and its market value and it’s effect on trends and shares among the companies and market at a national and global level.

Outward investment of Portuguese small and medium enterprises in the Central and Eastern European countries: motivations and challenges

Background This paper identifies the determinant factors of Portuguese investment in Poland, Hungary, and the Czech Republic. We assume that investment abroad is motivated by business opportunities, and the quality-price ratio of the workforce. Methods To this end, we used a qualitative methodology composed of 6 case studies, based on interviews and surveys with the managers of the Portuguese firms investing in those three economies. Results Despite the business opportunities, Portuguese investment directed towards these economies is negligible, due, in part, to the geographic and cultural distance. However, the economic and political stability, combined with market size and growth potential are undeniable attraction factors for Portuguese investors. Small and medium enterprises (SMEs), due to their flexible conditions that allow changes in the activity, and the strong trend towards outsourcing, to the detriment of the manufacturing industry, are the primary focus of international investment. This trend, although common to several sectors, has shown greater dynamism in the banking and financial sector. Conclusions The results suggest market-oriented investments aiming at growth and expansion. The vast Polish market is the one that most attracted Portuguese investors. The hybrid feature of some strategies can align with the cautious attitude towards the investment translated into cooperation agreements with financial institutions for funding, the market learning process, and the training of the personnel. The anticipation of the installation over potential competitors, the experience in production and international markets, the price-quality ratio, the capacity of product adaptation and the design were considered important sources of competitive advantage that motivated the investment. The greatest difficulties during this process were language and the complexity of legislation.