New Data on Automotive, Consumer Health and Consumer Finance from Euromonitor

20-Sep-2017 Intellasia | BusinessWire | 10:23 PM Print This Post

CHICAGO–(BUSINESS WIRE)–Global market
research company
Euromonitor International released today new data
on the automotive, consumer health and consumer finance industries.

Below are the key trends highlighted in the new research.

Automotive

Globally, SUVs are the fastest growing light vehicle segment with demand
increasing 5 percent each year between 2017 and 2022, outpacing the 3
percent sales growth for the overall light vehicles category.

“China and India are set to continue growing in both light vehicle
production capacity and domestic demand, further challenging the United
States,” says Eric Totaro, automotive analyst at Euromonitor
International.

“By 2030, annual passenger car registrations in China are expected to
more than double, growing from 22 million to 45 million,” continues
Totaro.

Consumer
Health

Consumer movement toward prevention over treatment represents the key
emerging trend for consumer health, as vitamins and dietary supplements,
sports nutrition and weight management products outpace
over-the-counter, or OTC, from 2017 to 2022 at a compound annual growth
rate (CAGR) of 3.2 percent, 6.8 percent and 2.9 percent, respectively,
versus 2.1 percent for OTC products.

“Supplementation has become a cornerstone component of healthy living
trends across developed and emerging economies, leading to a broader
consumer interest for these products,” says Matthew Oster, head of
consumer health at Euromonitor International.

Consumer
Finance

Cash payments are expected to decline by US$772 billion over the next
five years compared to an increase of US$9.2 trillion for card payment
value globally. The top-5 markets – China, US, UK, South Korea and Japan
– account for 70 percent of global card payment value in 2017 while the
Asia Pacific region accounted for 50 percent of total card payment value.

“China is forecast to have single-digit growth rates for card payment
value over the next five years after a decade of double-digit growth,
but is still expected to more than double m-commerce value from 2017 to
2022, reaching US$1.3 trillion,” says Kendrick Sands, senior consumer
finance analyst at Euromonitor International.

To learn more, visit: http://blog.euromonitor.com/

About Euromonitor International

Euromonitor
International
is the world’s leading provider for global business
intelligence and strategic market analysis. We have more than 40 years
of experience publishing international market reports, business
reference books and online databases on consumer markets.

Contacts

Euromonitor International
Marissa Bosler
Communications
Executive
Tel: +1 (312) 477-8908
Email: marissa.bosler@euromonitor.com

 


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