Consumer

WHAT'S NEXT?: Technology will become the new sales assistant, always on, always friendly, always delivering. Consumers will co-create and create products to their exact needs. Brands will have to focus on seizing mobile moments on apps that already have consumer's attention. Instantly explore below how lifestyles, buying behaviors and attitudes are changing and where you fall short in the battle to win consumers hearts and minds.

[New] India is expected to become a leader in shared mobility by 2030 providing opportunities for electric and autonomous vehicles.
[New] The rewards of unlocking smart mobility could be vast, as this market is expected to generate $270 billion in revenues and profits of up to $150 billion by 2040.
[New] The BNEF team does not expect autonomous driving to have an impact on global transport and energy patterns until the 2030s.
[New] Consumer spending in middleweight cities is forecast to rise from approximately Int l $21.3 trillion (PPP) in 2018 to Int l $27.1 trillion (PPP) by 2025, with 50% of it coming from middleweight cities in developing economies.
The AV market is expected to grow exponentially with revenues exceeding €620 billion by 2025 for the EU automotive industry and €180 billion for the EU electronic sector.
It's conceivable that 10% of U.S. consumer spending on personal transportation could be on platforms like Uber or Lyft within a few years.
Restaurant sales are projected to reach $863 billion this year, driven by an expanding economy and elevated consumer sentiment.
Autonomous vehicles could account for as much as 66 percent of the passenger-kilometers traveled in 2040, generating market revenues of $1.1 trillion from mobility services and $0.9 trillion from sales of autonomous vehicles by that year.
By 2022, 70 percent of enterprises will be experimenting with immersive technologies for consumer and enterprise use, and 25 percent will be deployed for production.
Until 2020, the market is expected to grow by almost 488% (85 billion dollars versus 500 billion dollars in 2014), with BYOD being one of the most important drivers of this growth.
2019 global mobility trends will see a big rise in the use of AI and automation to manage assignments.
IMF estimates that consumer price inflation will level off and ease to 3.0% in 2019 in American Samoa.
By 2020, businesses using AI to drive consumer insights will see $1.2 trillion more per year than their less-informed competitors.
First off, market research firm Mintel has touted rethinking plastic as a global consumer trend for 2019 - meaning businesses that help ordinary people in reducing their plastic waste might just strike chords around the world.
Current fundamentals such as consumer demand, household balance sheets, price inflation, and the present stance of monetary policy suggest that the US recovery could persist at least through 2020.
BY 2022, 70% of enterprises will be experimenting with immersive technologies for consumer and enterprise use, and 25% will have deployed to production.
Gen Z - generally defined as people born after 1996 - are expected to become the largest consumer segment within a year, when they will account for 32 percent of the global population.
AI is enabling companies to better anticipate consumer preferences and is already capable of improving demand forecasting up to 50 percent.
App Store Consumer Spend Will Surpass $122 B in 2019, albeit games will represent nearly 75% of total consumer spend.
Once banks are comfortable using blockchain-based foreign exchange networks such as IBM's World Wire, and believe it's efficient, reliable and secure, they will likely open up those payment services to business and consumer customers.
The latest Beef Demand Index finds that consumer demand for beef at retail has improved nearly 15 percent since 2012, and consumers are expected to eat 8.9 percent more beef in 2019 than in 2015, according to data from Chicago-based IRI / Freshlook.
Competition in the Asian food and beverage market should intensify in 2019 as rising trade tensions threaten to hamper economic growth and erode consumer confidence.
By 2040, AVs could account for 66 percent of all the passenger miles traveled in China, generate $1.1 trillion in mobility services and $900 billion from automated-vehicle sales.

Last updated: 23 May 2019