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Latest Press Releases
Insect repellent Market to Reach $7.7 billion by 2035, Fueled by Rising Health Awareness and Urbanization
Published: Jan 2026
Global insect repellent market was valued at $5.7 billion in 2024 and is projected to reach $7.7 billion by 2035, growing at a CAGR of 6.4% during the forecast period (2026-2035). Increasing awareness about vector-borne diseases, such as malaria, dengue, and Zika, coupled with rising urbanization and travel activity, is driving demand for effective personal protection solutions. 
European AI in E-commerce Market to Reach $7,173.4 Million by 2035, Driven by Generative AI Adoption and Platform Innovation
Published: Jan 2026
European AI in e-commerce market was valued at $1,602.7 million in 2025 and is projected to reach $7,173.4 million by 2035, growing at a CAGR of 14.7% during the forecast period (2026-2035). The adoption of generative AI tools is gaining momentum across Europe’s e-commerce sector, particularly in solutions that support sellers with automated product listings, descriptions, and catalog management. These tools enable faster onboarding of products across multiple languages and marketplaces, improving scalability for both large retailers and small merchants. For instance, in June 2024, Amazon announced the expansion of its generative AI–based product listing tools to sellers across Europe, making the capabilities available in France, Germany, Italy, Spain, and the United Kingdom. The tools allow sellers to create and enhance product listings using limited inputs such as keywords or images, supporting faster listing creation and improved content quality. Amazon reported that more than 30,000 European selling partners have already used one or more of these generative AI features, reflecting increasing adoption of AI-driven tools across the region’s e-commerce ecosystem.
Hydraulic Equipment Market to Reach $60.6 billion by 2035, by Industrial Modernization and Infrastructure Development
Published: Jan 2026
Global hydraulic equipment market was valued at $43.3 billion in 2024 and is projected to reach $60.6 billion by 2035, growing at a CAGR of 3.2% during the forecast period (2026-2035). The global hydraulic equipment market is witnessing steady growth supported by rising demand from construction, manufacturing, agriculture, mining, and energy sectors.
Electric Vehicle Battery Market to Reach $178.8 Billion by 2035 Driven by Falling Costs and Rising LFP Adoption
Published: Jan 2026
Electric vehicle battery market was valued at $71.5 billion in 2025 and is projected to reach $178.8 billion by 2035, growing at a CAGR of 9.7% during the forecast period (2026-2035). Battery pack prices declined across all regions, although the scale of reduction differed considerably. Fastest declines seen in China, where prices fell nearly 30% in 2024, compared to 10-15% in Europe and the US. This divergence further increased the price differential among China and other regions, reinforcing the cost competitiveness of Chinese electric vehicle and battery manufacturers. Battery chemistry remains a key cost factor. Lithium iron phosphate batteries, predominantly used in China, are approximately 30% less expensive per kilowatt-hour than lithium nickel cobalt manganese oxide batteries, which continue to dominate usage in the US and Europe.
Electric Commercial Vehicle Market to Reach $199.8 Billion by 2035 Despite Continued Diesel Bus Dominance
Published: Jan 2026
Electric commercial vehicle market was valued at $65.4 billion in 2025 and is projected to reach $199.8 billion by 2035, growing at a CAGR of 11.9% during the forecast period (2026-2035). Global electric bus sales exceeded 70,000 units in 2024, supported by renewed growth in China. Sales outside China rose by 5% in 2024 and have nearly tripled since 2020. Nation such as India has experienced rapid expansion in electric bus deployment, with the fleet increasing from fewer than 3,000 units in 2020 to more than 11,500 by the end of 2024. This growth has been supported by improving cost competitiveness, policy incentives, and strengthened government backing for charging infrastructure. Programmes such as the National Electric Bus Programme, which aims to deploy an additional 40,000 electric buses by 2027, have strengthened demand, created sizable order pipelines, and enabled cost reductions through aggregated procurement. In 2024, the availability of electric heavy-duty vehicle models has expanded steadily, reflecting rising demand alongside declining battery costs. China leads in model availability with nearly 450 options, over half of which are electric buses. The US offers more than 140 models, dominated by medium-duty trucks. While Europe has approximately 150 electric heavy-duty models, showing a relatively balanced mix across buses, medium-duty trucks, and heavy-duty trucks.
IT Services Outsourcing Market to Reach $626.7 Billion by 2035, Driven by Accelerating Digital Transformation
Published: Jan 2026
Global IT services outsourcing market was valued at $285.1 billion in 2025 and is expected to reach $626.7 billion by 2035, expanding at a CAGR of 8.2% over the forecast period (2026-2035). Accelerating cloud migration and the rapid adoption of hybrid operating models are significantly expanding the scope and complexity of IT services outsourcing.
Generic Drugs Market to Reach $711.1 billion by 2035, Driven by Cost Containment and Expanding Healthcare Access
Published: Jan 2026
Global generic drugs market was valued at $401.7 billion in 2025 and is projected to reach $711.1 billion by 2035, growing at a CAGR of 8.4% during the forecast period (2026-2035). The global generic drugs market is witnessing sustained growth, supported by increasing pressure on healthcare systems to reduce treatment costs and improve access to essential medicines. 
Asia-Pacific Drug Discovery Informatics Market Reaches $729.5 Million in 2025 with 10.4% CAGR
Published: Jan 2026
Asia-Pacific drug discovery informatics market was valued at $729.5 million in 2025 and is projected to reach $1,950.5 million by 2035, growing at a CAGR of 10.4% during the forecast period (2026–2035). Drug discovery informatics encompasses the application of computational tools, databases, and advanced analytics to accelerate and optimize the drug development process, including molecular modelling, docking, virtual screening, sequencing and target data analysis, and library and database management. The market is witnessing robust growth across the Asia-Pacific region, driven by expanding pharmaceutical and biotechnology R&D activities, rising investments in precision medicine, and increasing adoption of AI- and cloud-based informatics platforms. Countries such as China, India, Japan, South Korea, and Australia are strengthening their drug discovery ecosystems through government-backed research programs, growing clinical trial activity, and the expansion of contract research organizations (CROs), collectively supporting demand for advanced informatics solutions.
Global E-Commerce Logistics Market Valued at $527.9 billion in 2025, Forecasted to Grow at 10.5% CAGR
Published: Jan 2026
Global e-commerce logistics market was valued at $527.9 billion in 2025 and is growing at a CAGR of 10.5% during the forecast period (2026-2035). The market growth is driven by rising online shopping, smartphone/internet penetration, and consumer demand for fast, trackable delivery, with key services including warehousing, transportation (especially last-mile), and value-added services. 
Diving Suits Market to Reach $1,280.0 Million by 2035, Driven by Growth in Recreational and Professional Diving
Published: Jan 2026
Global diving suits market was valued at $737.5 million in 2025 and is projected to reach $1,280.0 million by 2035, growing at a CAGR of 5.2% during the forecast period (2026-2035). The global diving suits market is experiencing steady growth, driven by rising participation in recreational water sports, growth in professional and commercial diving operations, and increasing underwater activities in offshore energy, marine research, and defense sectors.