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] Worldwide sales of consumer robots reached an estimated $5.6 billion in 2018 and the market is expected to grow to $19 billion by the end of 2025, with more than 65 million robots sold a year.
[New] Dramatic transformation in the mobility market will occur in the next 25 years and shared mobility will account for 80% of the mobility market by 2050.
[New] Autonomous vehicles and mobility services in China are expected to be worth more than $500 billion by 2030, when roughly 8 million self-driving cars hit public roads.
[New] The Global Mobility as a Service (MaaS) Market is valued at US$24100 million in 2018 is expected to reach US$230400 million by the end of 2025, growing at a CAGR of 32.6% during 2019-2025.
[New] The worldwide consumer market for cannabis during 2018 was valued at approximately $12.8 billion, up significantly from the 2017 estimated value of $9.5 billion: The market is expected to grow at approximately 27% compounded annually through the year 2022.
[New] Future vehicle concepts for electromobility offer car manufacturers opportunities for completely new room concepts and additionally open up a new ground for brand differentiation.
[New] Vietnam expects to have the largest growth in consumer expenditure on consumer goods over the 2016-2030 period (10.2 percent CAGR), followed by the Philippines (9.7 percent CAGR).
[New] The appreciable growth of mobility on demand market is projected to be one of the most significant trends that the globe would witness in the next decade.
Nielsen India expects growth in the fast moving consumer goods (FMCG) sector to be in the range of 11-12 percent in 2019, two percent lower than 2018's growth of 13.8 percent.
Demand for polyolefins in ASEAN is further expected to grow at a strong rate of 6.5 percent per year over the coming decade.
In Europe the demand for mobile data continues to grow rapidly: Over the last 5 years, mobile data traffic per user increased by 60% per annum and growth over the next three years is expected to remain strong.
While strong growth is expected to continue this year, increasing consumer knowledge of PEV technologies and incentives remains a core market challenge.
China is currently the world's largest energy consumer and without further action on energy efficiency China will account for nearly 22 percent of the primary energy demand in 2040.
Millennials and the Generation Z already account for about 32 per cent of the consumer market, and, by 2025, will account for more than half of the market.
Mobility on Demand Market in Europe is expected to grow over the next six years.
Global Mobility as a Service (MaaS) market size will reach US$230400 million by 2025, from US$24100 million in 2018, at a CAGR of 32.6% during the forecast period.
The United States has imposed 25 percent tariffs on $250 billion worth of Chinese goods, and the threatened tariffs would target consumer goods like cellphones, computers, and clothes.
Should the UK leave the EU with a deal at the end of October, consumer price inflation is seen firming slightly to average 2.0% in 2020 as modestly stronger GDP growth increases domestic inflationary pressures.
China is the world's leading pork consumer, so trade issues between the U.S. and China had weighed on the price of the meat: Any agreement with the Chinese could propel the price of pork higher in 2019.
According to research by the US National Retail Federation, the 25 percent additional tariffs on furniture alone will cost the US consumer an additional US$4.6 billion per year.
Last year, IoT devices outnumbered the world's population for the first time, and by 2021, Gartner predicts that one million new IoT devices will be purchased every hour.
Japan's construction sector is expected grow at a moderate pace over the next five years, owing to the increasing investments in public infrastructure, renewable energy, infrastructure, and commercial projects; in turn, improving, both, the consumer and investor confidence.
While Mintel reports that almost 60 percent of U.S. consumers are interested in eating less meat, Euromonitor forecasts a $22.9 billion global market for meat alternatives by 2023.

Last updated: 11 July 2019