#b2b rugs market

[globaltradeplaza]

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[tritonmarketresearch]

Sport Utility Vehicle (SUV) Market Powering Sustainable Transport

In a fast-evolving automobile industry, Sport Utility Vehicles (SUVs) have become more than just consumer favorites—they’re redefining opportunities for businesses across industries. From fleet management to corporate mobility solutions, SUVs are the go-to choice for modern drivers. As 2025 approaches, the Global Sport Utility Vehicles (SUV) Market is likely to grow with a CAGR of 6.21% in the forecast period 2024-2032, driven by advancements in technology, sustainability, and design.

What makes SUVs stand out from other vehicles is their adaptability from rugged outdoor adventures to daily urban commutes. A utility sport vehicle like the Ford Explorer offers ample space, superior towing capacity, and all-weather reliability that sedans or hatchbacks simply cannot match.

In fact, features like plush interiors, advanced climate control, and spacious designs make SUVs as comfortable as they are capable. This combination of functionality and luxury continues to set SUVs apart from other vehicle categories.

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Why SUVs Are Essential to a Sustainable Future?

With the shift to electric and hybrid models, SUVs are becoming critical to sustainability strategies for businesses across sectors. From reducing operational emissions to aligning with renewable energy initiatives, sport utility vehicles offer solutions that are practical, scalable, and impactful. As more companies adopt green practices, SUVs are leading the future of the automobile industry as enablers of a cleaner, greener business world.

Let’s delve into how SUVs are powering sustainability with real-world examples and case studies.

Transition to Electric SUVs for Corporate Fleets

Electric SUVs are becoming the go-to choice for businesses transitioning their fleets to zero-emission vehicles. These vehicles combine the utility of traditional SUVs with the environmental benefits of electric propulsion, helping automobiles reduce their carbon footprint without compromising on performance.

Case Study: Amazon’s Electric Delivery Fleet with Rivian

Amazon partnered with Rivian, an electric vehicle startup, to roll out a fleet of electric delivery vans, which are essentially smaller SUVs in terms of utility. While not marketed as SUVs, these vehicles showcase the potential of electric platforms for commercial use. Similarly, the success of Rivian’s R1S, an electric SUV, demonstrates how large vehicles can serve both consumer and enterprise needs sustainably.

What is the Impact? Amazon’s fleet aims to deliver over 10 billion packages annually with net-zero carbon emissions, setting a precedent for B2B sustainability.

Hybrid SUVs for Reduced Emissions in High-Mileage Operations

Hybrid SUVs are an excellent intermediate solution for businesses not ready to commit to fully electric fleets. They reduce fuel consumption and emissions, making them ideal for operations requiring long ranges or access to areas without charging infrastructure.

Notably, a hybrid SUV reduces greenhouse gas emissions by up to 50% compared to traditional gas-powered SUVs, significantly contributing to government climate action goals.

For instance, the Toyota RAV4 Hybrid has been adopted by several government agencies worldwide as part of their efforts in sustainable transportation. In Canada, municipal governments use RAV4 Hybrids for public service tasks, including environmental inspections and emergency response operations.

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Renewable Energy Integration with Electric SUVs

Electric SUVs are increasingly being paired with renewable energy solutions, enabling businesses to achieve a closed-loop sustainability cycle. Charging these vehicles using solar or wind power not only reduces their environmental impact but also sets businesses apart as sustainability leaders.

In this regard, Ford encourages businesses purchasing its Mustang Mach-E SUVs to install solar panels through partnerships with companies like Sunrun. These solar solutions allow corporate fleets to charge vehicles sustainably, turning their SUVs into symbols of renewable energy adoption.

Automakers like Tesla, Ford, and Kia are transforming the SUV industry with electric options that meet eco-conscious demands without compromising on performance. The industry estimates infer that by 2025, electric SUVs are expected to account for nearly 30% of all SUV sales, doubling their current market share, and nearly 60% of SUV manufacturers are expected to transition to hybrid or electric SUV models.

Sustainable Materials in SUV Manufacturing

Beyond operational sustainability, SUV manufacturers are increasingly focusing on eco-friendly production methods. From recycled interiors to lower-emission factories, the lifecycle of an SUV is being reimagined for a greener future.

An interesting example includes Volvo’s XC40 Recharge, an all-electric SUV that uses recycled materials for its interior, including carpets made from reclaimed fishing nets. The company’s commitment to sustainability has resonated with eco-conscious businesses, making the XC40 Recharge a popular choice for corporate fleets.

Sport Utility Vehicle (SUV) Market: Road Ahead for 2025

The 2025 SUV models will redefine convenience with AI-powered driver assistance, advanced infotainment systems, and augmented reality dashboards. From AI-powered navigation systems to augmented reality windshields, SUVs are becoming smarter and more connected. For instance, Volvo Cars introduces the AI-powered EX90 SUV, leveraging NVIDIA’s advanced computing and DGX systems for continuous improvements in safety and vehicle decision-making.

Once criticized for their size and fuel consumption, SUVs are now leading the charge in sustainable transportation solutions, particularly for businesses looking to align with environmental, social, and governance (ESG) goals. With developments in the electric and hybrid models leading the charge, SUVs are now proving their capability to meet the challenges of a greener future while maintaining their reputation for performance and utility.

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[ajayrathorsingh]

Connecting Global Traders: B2B Import-Export for Yoga & Gym Mats

Delve into the B2B import-export portal landscape where global India traders engage with suppliers and buyers of yoga and gym mats. Stay ahead with insights into market trends and opportunities for growth in this dynamic sector. For more information, visit our website: https://globaltradeplaza.com/suppliers/home-furnishing-supplies/carpets-rugs-floorings/yoga-gym-mats

[indiantradebirddigital]

Cnc Cutting Machine - Manufacturers Suppliers In India

Our CNC Wire Cutting Machine, painstakingly designed for accuracy, speed, and adaptability across a variety of industrial applications, will revolutionize your cutting processes. As a trusted provider, our cutting-edge CNC wire cutting machines offer superior performance for industries such as manufacturing, automotive, and more. These machines deliver high-quality results with adaptability and reliability, ensuring precise and efficient cutting of wires and materials. Our provided a machine is highly appreciated by our clients owing to its low maintenance and rugged construction. It is used for increased bulk density. Our manufactured CNC Cutting Machine is highly demanded in the market due to our maximum efficiency, effectiveness, and long working life. With our cutting-edge CNC wire cutting machine technology, you can streamline your production processes and ensure excellent quality for your products. You can also increase productivity and shorten production times in your industrial operations. You can rely on us to deliver cutting-edge, customized solutions that meet your demands.

[globaltradesposts]

Exploring the Pinnacle of Bamboo Furniture Trade: Global Trade Plaza - The Premier B2B Hub for Importers and Exporters

In recent years, the global demand for sustainable and eco-friendly furniture has witnessed a significant surge, with bamboo emerging as a prominent choice among environmentally conscious consumers. As the demand for bamboo furniture continues to rise, the need for reliable importers and exporters has become crucial for the industry's growth. In this dynamic landscape, Global Trade Plaza stands out as the preeminent B2B platform connecting the best importers and exporters of bamboo furniture worldwide.

The Rise of Bamboo Furniture:

Bamboo, known for its versatility, durability, and sustainability, has become a preferred material for furniture manufacturing. As consumers increasingly prioritize environmentally friendly choices, the demand for bamboo furniture has seen a remarkable uptick. From stylish indoor pieces to durable outdoor furniture, bamboo offers a wide range of options, making it a staple in modern homes and commercial spaces.

Global Trade Plaza: A Hub of Opportunities

Global Trade Plaza has emerged as the go-to platform for importers and exporters seeking seamless and efficient trade in bamboo furniture. Here's why it has earned its reputation as the best B2B place for bamboo furniture trade:

Extensive Network of Trusted Suppliers:

Global Trade Plaza boasts an extensive network of reputable bamboo furniture suppliers and manufacturers. The platform meticulously vets each participant to ensure reliability, quality, and ethical business practices, giving importers peace of mind when exploring potential partnerships.

Diverse Product Range:

The platform offers a diverse array of bamboo furniture products, catering to various preferences and market demands. Whether it's elegant indoor furniture or rugged outdoor pieces, Global Trade Plaza ensures that importers have access to a comprehensive selection of bamboo furniture to meet the diverse needs of their customers.

Effortless Transactions:

Global Trade Plaza facilitates smooth and secure transactions, streamlining the importing and exporting process for bamboo furniture. With user-friendly interfaces, secure payment gateways, and transparent communication channels, the platform ensures that businesses can conduct transactions with confidence and efficiency.

Up-to-Date Market Insights:

Staying abreast of market trends is crucial in the fast-paced world of international trade. Global Trade Plaza provides importers and exporters with real-time market insights, enabling them to make informed decisions and adapt to changing consumer preferences.

Sustainable Practices:

Recognizing the global shift towards sustainability, Global Trade Plaza prioritizes businesses that adhere to environmentally friendly practices. By promoting sustainable bamboo furniture production, the platform aligns itself with the values of conscious consumers and encourages a responsible approach to trade.

Conclusion:

As the global demand for bamboo furniture continues to grow, importers and exporters need a reliable and efficient platform to connect and thrive. Global Trade Plaza has positioned itself as the unrivaled B2B hub for bamboo furniture trade, offering a comprehensive solution for businesses looking to make a positive impact on the environment while meeting the demands of an expanding market. For importers and exporters seeking success in the bamboo furniture industry, Global Trade Plaza stands as the gateway to a world of opportunities.

[rugsotic]

Rugostic Pvt Ltd open the new gateway of handcrafted carpets with Importers

In the year 2011, Kaka Carpet was founded. It is a popular manufacturer and exporter of handmade carpets and rugs. Sobha Woolen and Rugostic Pvt Ltd are the two sister companies of Kaka Carpet. With 12 years of experience in the export business of carpets, the company has come a long way. The director of the company is Yadavendra Roy selects the best items and exports the carpets worldwide. The company is based in Uttar Pradesh, Bhadohi. It is a Make in India product and proud company who manufactures and designs handmade rugs and carpets.

Features of the carpets

Rusostic Pvt wLtd, a sister concern of Kaka Carpet is a customer driven company where they meets the demand of the carpets from different range. All the carpets are handcrafted and hence they are exclusive masterpiece. The company also manufactures silk carpets, which adds classy taste in your home. The Rusgostic Pvt Ltd ensures that all the carpets are the best quality because they are durable in nature. The use of organic and natural fiber like silk while manufacturing the carpet makes it durable. The weavers and artisans design the carpets in a beautiful way that will become strong competition of Persian carpets.

Awards and accolades of the company

Sobha Woolen is yet another sister company of Kaka Carpet who genuinely believe that ecological balance in the society is essential. They do not use any synthetic or toxin items in the manufacture of carpets. Hence the carpets from Sobha Woolen is safe for the entire family. Not to forget that out of 18 award nomination, the company won almost 8 awards and the name of the award is DGFT, carpet export promotion council and the Indian silk export promotion council. Rugostic Pvt Ltd., the sister company is also a member of carpet export promotion council, FIEO, the Indizn silk export promotion council, silk Mark board Varanasi and export house certificate.

Steps into solar energy

It is a biggest achievement of Sobha Woolen, a sister company to be a part of solar energy. The company install solar plant in the company to reduce carbon footprint. It is a stepping stone for the company towards a sustainable living. The other motive of the company is to install this solar plant is to reduce the operational cost. With this idea, the importers from all around the world impressed with this idea because it makes the B2B market smooth. 

[qalara]

B2B Wholesale Rugs Online | Rugs Wholesale Market | Custom Rugs Wholesale - Qalara

This Handwoven Rug has been carefully from pure cotton by artisans in the city of Jaipur, India. Handweaving in India is over 2000 years old! The craft has stayed true to its roots even in the face of severe competition from power looms.

Shop from: https://www.qalara.com/products/home-furnishing/

Explore our trending products: Qalara.com

[kakaoverseas]

Carpet Industry Future with Solar Energy Enhancement

KaKa Overseas is the leading company in carpets and rugs. It is one such company who takes the initiative to install solar plant in the company and the reason is to walk the step ahead with eco friendly company. The concept of eco friendly is not new or not going to end in any circumstances. It is the future of the world. The more and more companies trying to become environment friendly the more it will bring positivity towards the future of the carpet industry. 

How solar energy is the future of the carpet industry?

Solar energy has come a long way when the market is small and hence the price of the solar plant and its investment was like mountain. But with the improvement in the technology, the solar becomes cheaper. By, 2030 it will become the important source of the energy even for electricity production for the major parts of the entire world. It will definitely have a big impact on the climate and environment change. It has a roadmap of cost reduction. Solar plant can generate more of 1.5 times power than already in existence. 

Kaka Overseas, a sister company of Kaka Carpets understands the market of solar energy and the power it has in the present and in future. Therefore, it already invested in solar plant and thereby reduces the rates of electricity bills. This impacts on the production cost in a positive way. The price of the carpets is affordable. When the price of the carpets is affordable, then more and more importers and retailers are coming forward to perform B2B business. In a way, it is a blessing for you that will actually give you a better understanding of the carpet market demands and the need of the customers. 

How solar energy will evolve in future?

Now when the price of solar will decreases, it will reach to maximum countries and more industries will investment on the solar energy to get good return. It becomes the flexible option and the solar installation will increase in the best possible way. Also, it is good for the entire environment where one can actually think that the carbon footprint will reduce. It is good to offer the better service and move with the trend. It will at the end bring the best change in your business model. Becoming an eco-friendly company, Rugsotic, a sister company of Kaka Carpets gives you the power to understand the market better and also become a loyal part of eco friendly Mother Nature.

[rugsotic]

Worldwide Recognition of Kaka Carpet at Indian Carpet Expo 2022

42nd Indian Carpet Expo 2022 was the successful event not only for the carpet importers worldwide but for the Indian carpet manufacturers as well. It is a privilege for the manufacturers to get a platform where they showcase their handcrafted carpets and rugs on large scale. Almost 257 carpet importers from different countries came and register to this event. ICE is a platform where both exporters and importers meet and create rapport and networking with each other. It is a big platform where Kaka Carpet impeccable presence makes a big difference in the carpet industry.

Kaka Carpets and its products

Kaka Carpet is the leading company in India who offers handmade carpets and rugs. They are the biggest exporter of carpets as well. They have owned many awards and among them some of the popular awards are carpet export promotion council, The Indian silk export promotion council, and DGFT. Therefore, it is a great pleasure for the company to meet with potential buyers. The buyers from all around the world get to know about the company because of their handmade carpets. The artisans and weavers of Kaka Carpet dedicates their talent and skill to bring out the best craftsmanship. 

Kaka Carpet’s solar plant reduces operational cost

Out of India, there is a huge demand of handmade carpets all over the world. This makes the Kaka Carpet a popular name. It is because recently the company join the initiative of installing solar plant in the organization. The main benefit of this initiative is the reduction in the operational cost. Yes, the manufacturing cost of the carpet is expensive and with India facing the energy shortage, the electricity bills are going up. To reduce the bills fluctuation, Kaka Carpet install solar plant so that they can reduce the overall cost. This step is also beneficial for the importers because now they can get the carpets in bulk at the lowest rate.

Hence, it is a profitable deal for the importers. The B2B market stands out exceptional where the importers can make huge profit from selling carpets in their home country. It is a step also towards a eco-friendly living where there will be less carbon footprint. Installing a solar plant in the corporate world encourage everyone to live a sustainable life. Therefore, ICE 2022 turns out fruitful for both the parties and it establish the foundation of a better professional relationship. 

[qalara]

Home Decor Wholesale Suppliers | Home Decor Manufacturer | Wholesale Home Decor - Qalara

This eye-catching Decorative Art Piece is handwoven from premium felt by the skilled artisans in Jaipur. This garland is ideal for Christmas tree decorations, bridal or baby showers, wedding decor or any festive occasion. 

Shop from:  www.qalara.com/products/home-decor-and-accessories/

Explore our trending products: Qalara.com

[latestglobalmarketresearch]

Major Factors Influencing The Growth Of The Aviation Connectors Market By 2022

The global aviation connectors market is projected to grow from USD 4.13 Billion in 2016 to USD 5.52 Billion by 2022, at a CAGR of 4.97% during the forecast period.

Based on application, the avionics segment is estimated to lead the aviation connectors market during the forecast period. Growth of this segment can be attributed to the increase in aircraft orders and deliveries across the globe, and need for modern avionic systems. Increasing concerns over flight safety, and operational & maintenance costs have led to the need for modern avionics systems.

Based on shape, the circular segment of the aviation connectors market is projected to grow at the highest CAGR during the forecast period, owing the increasing demand for connectors from 3C application (computers, communications, and consumer electronics) in the aviation sector, and for advanced features, convenience, and connectivity products.

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The aviation connectors market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period. This market in APAC has grown, owing to the rise in aircraft orders in the past five years and overall growth in the procurement of aircraft, thus propelling the demand for aviation connectors. Growing regional economies and modernization of aircraft programs are additional factors driving the aviation connectors market in this region.

Key players in the aviation connectors market include TE Connectivity (U.S.), Amphenol Corporation (U.S.), Carlisle Group (U.S.), and Bel Fuse Inc. (U.S.), among others.

Amphneol Corporation (U.S.) is also one of the leading players in the aviation connectors market. In April 2016, the company developed ruggedized VPX connectors. These connectors meet the VITA 46 standards, and have been designed for embedded computers used in commercial and military applications. Amphenol Aerospace is the largest producer of connectivity products for military and industrial applications. In April 2013, Amphenol Aerospace partnered with Datakey Electronics for the development of a ruggedized USB flash drive and panel-mount receptacle solution. Datakey Electronics is a developer of rugged and portable memory systems.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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[qalara]

Wholesale Decorative Throw Rugs | B2B Ecommerce Marketplace | Wholesale Cotton Throws - Qalara

This visually striking Handcrafted Throw is crafted using a technique called weaving which is a textile art in which two distinct sets of yarns or threads - called the warp and weft - are interlaced with each other at right angles to form a fabric or cloth, the way the warp and filling threads interlace with each other is called the weave.

Explore our trending products: Qalara.com

Shop from: www.qalara.com/products/home-furnishing/

[ruralhandmade]

Handmade rugs

Currently the handmade rugs are in trends especially in the UK. People love to have such rugs that look so real, classy and interesting. Therefore, the demand for these rugs is very high everywhere not only because of the fact they are made-up by hands but also because they are so detailed, reliable and durable. We cannot compare the quality and beauty of the hand-made rugs with the machined rugs because they are different in nature. If you want to buy rugs for your business then you can buy rugs in wholesale from a reliable rugs manufacturing firm.

“RURALHANDMADE” is a leading company which offers a wide range of rugs and carpets in wholesale to the wholesale customers who want rugs for their business. Handmade rugs are the best of all the rugs available in the market. Normally the price of a handmade rug is higher than the similar rug which is produced by machine. The reason has described above why these are more important and expensive.

Handmade rugs Wholesale

The handmade rugs are easily available in wholesale if you search online because hundreds of online stores are offering these rugs in bulks. The B2B market is highly engaged in the business of rugs & carpets. Therefore it is not hard to find these rugs online. “RURALHANDMADE” is also one of the best online stores where you can buy any kind of rugs in wholesale especially the handmade ones. Undoubtedly, you will never get disappointed by the quality, prices and the style at this amazing store. Being a specialized wholesale store it is offering a wide range of rugs for the last twenty years in the UK. Whether you are a certified business or a random reseller of rugs in London or elsewhere you can easily buy the desired quantity for your small or medium size rugs business.

Why Handmade rugs?

This is an interesting question which doesn’t need a lengthy answer because we all know the handmade VS Machine made rugs. Anybody can clearly classify the rugs from the process of being produced. handmade rugs are quite more interesting, detailed, colourful and real as compared to the machine-made rugs. Moreover, people demand for handmade carpets & rugs in the market therefore they have more points in favour. Regardless of the fact that the handmade rugs are more reliable, they are more beautiful by nature and by grace.

[technuter]

Sony launches BRAVIA Professional Displays

Sony India announced the inaugural launch of BRAVIA Professional Displays with the BZ series, offering outstanding features and rock-solid reliability that B2B users demand from the best professional products. Combining bright, beautiful 4K HDR pictures with business-friendly features, the new professional displays demonstrate Sony’s commitment to exemplary design and innovation that fulfils both form and function. With screen sizes ranging from 43 to 100 inches, the BZ series is equipped with superb picture processor, achieving superior image quality with easy operation, extensive integration options and low ownership costs. With dependable 24/7 operation, they are ideal for a multitude of environments and users including corporations, education institutions, hotels and retail establishments of varying sizes, as well as for diverse digital signage applications. New features such as Pro Mode for customized settings, IP control, and mirroring functionality enhance flexibility in various business applications. Mr. Sunil Nayyar, Managing Director at Sony India, said, “Witnessing the power of rich media content to visually connect people and communicate information, Sony has launched the Professional BRAVIA category for the Indian market. The new product category exemplifies our rich design heritage, merging state-of-the-art technology and craftsmanship to deliver stunning performance for corporate customers who want the best of the best. The BZ series combines unrivalled imagery, a powerful SoC platform, customized setting modes and a new design optimized for professionals, further establishing the strengths associated with the BRAVIA name.” The new professional displays incorporate the same high quality picture processor as Sony's BRAVIA televisions which deliver superb picture quality in 4K resolution. The BZ40J creates immersive pictures that combine amazing colour, contrast, clarity and smooth motion thanks to the Cognitive Processor XR, the world’s first processor with cognitive intelligence, delivering sound and imagery optimised for human ears and eyes. On the other hand, the BZ40H, BZ35J and BZ30J are powered with 4K HDR Processor X1, reproducing more depth, texture and natural colours with Object-based HDR remaster and Super Bit Mapping 4K HDR technology. Boasting a powerful new System on a Chip (SoC) platform with built-in Android OS system, the BZ series offers an upgraded interface for efficient ease of use, fast boot-up and seamless application integration. Incorporating Pro Mode, users can easily customize settings to suit different behaviours, based on applications and environments. Quick optimization at the touch of a button is possible with One Step Setting, while IP control allows easy installation and integration through support from key partners. Additionally, the latest displays’ mirroring capabilities through Wi-Fi, Bluetooth alongside Chromecast built-in and Apple AirPlay 2, allow quick and easy connection from a user’s device, and seamless control, streaming and sharing of content. Constructed with businesses in mind, the new models are thoughtfully designed for professional installations with support for landscape, portrait or tilt orientation. In addition, the side-mounted terminals provide easy access for cable connection. Specifically, the BZ40J comes with uniform bezel for portrait installation on all four sides alongside a rugged integral carry handle and cable clamper. Sony’s BRAVIA Professional Displays excel at precisely and clearly displaying content – whether it’s small letters, diagrams and charts or dynamic and detailed rich media. They can enhance the quality of presentation materials, communications, photos and videos by conveying textures and amplifying expression through the clarity of 4K resolution and more realistic HDR colour spaces, which accurately reproduce a wide range of colours and provide high-contrast imagery. The BZ40J and BZ40H line-ups, which utilize Full Array Local Dimming backlight and achieve high brightness of 600-620 cd/m2 (typical) or 850-940 cd/m2 (peak) with a refresh rate of 120Hz, include: - FW-100BZ40J (100 inches) - FW-85BZ40H (85 inches) - FW-75BZ40H (75 inches) - FW-65BZ40H (65 inches) - FW-55BZ40H (55 inches) The BZ35J line-up achieves high brightness of 560-570 cd/m2 with a refresh rate of 120Hz, include: - FW-50BZ35J (50 inches) - FW-43BZ35J (43 inches) The BZ30J line-up achieves brightness of 440 cd/m2 with a refresh rate of 60Hz, include: FW-75BZ30J (75 inches) FW-65BZ30J (65 inches) FW-55BZ30J (55 inches) FW-50BZ30J (50 inches) FW-43BZ30J (43 inches) Read the full article

[crunktrunk]

The fix is in.

I was on the Going In Circles podcast this week. Unfortunately, the ghosts in the digital machine mostly garbled my end of the transmission. Below are my cleaned up notes that I referenced on the show as to why I think “racing’s” expansion into fixed odds is not going as swimmingly as it probably should and why I think it’s ultimately set up for failure both in New Jersey and in the rest of the United States.

In New Jersey, it’s instructive to go back and look at what happened with the exchange there and the rest of the country. BetFair bought TVG in 2009. BetFair was the fastest growing racing gaming company in the world at that time. They wanted to get into the US market in a legal way and buying TVG was their way to get into the US. They buy TVG and they begin to lay the groundwork of rolling out the exchange. This means they have to do political lobbying to get laws passed. They have to go around and convince the horsemen that having an exchange means the jockeys won't fix the races since betting against horses to win is a part of it (Aside: this was a popular theory in racing circles and turfdom at that time - dozens of industry rags published articles implying an exchange would lead to widespread chicanery. Can you imagine taking that viewpoint seriously with the garbage we've seen the last couple years? Between Baffert, Servis, JuiceMan. What planet are we on that that was an argument to be taken seriously?). 

After BetFair do the hard work of lobbying for laws, lobbying for regulations and convincing the horsemen, they have to negotiate with tracks to obtain the rights to offer their races. And after they do all that, they have to market the exchange product to a set of customers that has no idea what it is. They have to find customers in a gaming sector that's bleeding them. In a way, that part should be easy since they have a very popular product in the rest of the world at that time, particularly Europe and parts of Asia.

There is very little practical difference for the bettor between exchange and fixed odds wagering. It's mostly semantics but I personally prefer the exchange as a viable path for racing in this country to grow vs the fixed odds route. This is neither here nor there but it’s important to understand. 

Meanwhile it takes BetFair a couple years to find some common ground and sympathetic ears in New Jersey and California. Note that these 2 states had no direct gaming slots subsidy at the time. New Jersey was running for its life after they had the Million Dollar Meet purse fiesta in 2010 and then the Atlantic City subsidy money ran out. Christie hung them out to dry and told them they had to be self sustainable and by 2011, Monmouth was going to have purse trouble and all these years later, they are still in purse trouble. California was also in purse trouble, raising rake during this period and to this day, California is still purse poor.

In New Jersey they passed a law allowing exchange wagering, when it got to regulations, the technical process of peer-to-peer wagering was deemed to be in fact parimutuel. California (2012) actually passed a law allowing exchanges years before New Jersey (2015) but never advanced it to the regulatory stage and it's hard to say if that's because none of the stakeholders at the time wanted it or something else but my sense was there was protectionism. Stronach Group tracks were not on the BetFair exchange at the time in Europe and the United Kingdom. They have been very litigious. Scott Daruty was basically like Dracula whenever you saw him pop up whether it’s DerbyWars, Exchanges or simulcast rights. We’d read an article, see his name and know that none of it was good for anyone other than the Stronach Group.

They passed the law, got the regulations established in New Jersey and then they've now got to get agreements with tracks. And of course, none of the big 3 racing groups want any of it. NYRA says some BS like they need to see how it goes with the smaller tracks but meanwhile you can fly to Europe and play NYRA races on the exchange there. Churchill Downs owned tracks are a hard no. Stronach Group tracks, as mentioned, are a no as well. Keeneland was close to being offered on the exchange in New Jersey and at the very last minute the regulatory rug got pulled and I suspect CDI had a hand in Kentucky making sure Keeneland never got on the exchange in the US. I don't think, and I don't have any inside knowledge of this, that BetFair even tried to get the Stronach signals.

The big 3 - CDI / NYRA / TSG - there's this sort of false competition between them all the time but these groups together hold enormous power when they act together. We’ve seen this with HISA, CDI was the holdout among them but once they changed their mind, it all fell into place very quickly and HISA was passed in months after years of work convincing CDI to jump aboard. The big 3 have a 60% market share of parimutuel handle but only run a quarter of the races in a typical year among the dozen tracks they control. There are entire swaths of this industry where races are conducted at zero or negative margin, very few of those take place at the big 3. This is sort of an existential threat to the big 3 but also a burden since there are symbiotic relationships that must remain for both the non-big 3 and the big 3 to exist. And when we throw in the proxy capture by state - these are the Keenelands and Del Mars which will always defer to the regulatory capturers in CDI and TSG in their operating states - their share is well above 70 cents on the dollar. Together the big 3 are racing in this country now.

The big 3 say no to the exchange but BetFair goes ahead and goes for it anyway and credit to them. They knew how difficult a road it would be without the big 3 content but I guess they figured they had come this far and invested this much in the US market over the previous decade to get to this point, might as well launch it and see how it goes. There should be enough degenerates out there in dirty jersey to bet basically anything and their intuition was right - New Jersey is going to be the biggest sports betting and online casino gambling state in the country for the foreseeable future. The exchange launches in 2016 and they covered around 40% of the t-bred races conducted in the US and a bunch of harness as well with a smattering of the foreign races but the US t-bred races were the bottom 40% by parimutuel handle with a small handful of exceptions, so basically all the zero/negative margin races that were not popular in the parimutuel environment. By the end of 2019 the last full active year, the exchange handled a yearly total of $9M by New Jersey residents which is a tiny fraction of the liquidity overall on the exchange since it was common pool with all BetFair players in the UK and Europe.

Now mind you, this is marketed heavily by TVG. They already have racing relationships in the US. They made a big push in New Jersey. It's important to note, total handle by New Jersey residents on all forms of horse racing in 2019 was over $600M. To only handle $9M on the exchange gives a pretty clear picture of how poorly everything went. To spend a decade getting to this point and have so little to show for it is simply a failure. But it wasn't for not having a game plan. BetFair had one, executed on it and found nobody to work with. This is the largest parimutuel bet taker in the country BTW, they aren't dumb.

Somewhere along the line during all of the years it takes to get the exchange up, TVG and BetFair get swallowed up by Paddy Power and later on, they buy FanDuel and last year they pulled the plug on the exchange citing that basically nobody wanted it to work - the customers, the stakeholders, the tracks - so they threw in the towel.

And we haven't even discussed the rake issue on the exchange. Imagine all this crap BetFair had to go through and then they have to offer their product at a price the potential customers don’t want?

Now we come to fixed odds and it's basically the same thing all over again.

Dennis Drazin is a lot of things. I've been critical of Monmouth for many of the moves he's made since he's become king of all things New Jersey racing, however small that it is these days. But one thing you cannot criticize him for is trying. He's trying to find any formula to make a racetrack self sustainable. This is hard to do now when most of the other tracks sustain themselves through slot machines and basically could care less about growing racing. And I say this with love because Monmouth is where I fell in love with racing. It pains me to see the state of racing in New Jersey. They are trying and I might vehemently disagree with some of the moves but that's nothing compared to the big 3 not budging and just saying “No” all the time. Drazin is not one of those “No” guys when it comes to the business. He will try anything, even if it seems unlikely to work.

With fixed odds, Monmouth and BetMakers have now got together. BetMakers have an established footprint in Australia but they've been buying up companies left and right. They bought SportTech, which operates the NJ parimutuel hub in Mt Laurel among many other sites all over the world. They want to buy TabCorp. They want to build a global racing network. They are a b2b pricing provider for all the retail books around the world, sans the US. This is obviously going to be a big threat to the big 3.

Currently we're at the law passed, regulations established stage of fixed odds in New Jersey and now we move to the track agreements stage and it's the shaping up as the same thing as what happened with the exchange. Tracks don't like the splits, the horsemen don't like the splits and thus BetMakers has fewer tracks lined up than the exchange did based on reports. So far, the only news is one retail book among the dozens in New Jersey has an agreement with BetMakers to offer their fixed odds product at a customer facing book. That's PointsBet. They're a small but interesting book. They offer some cool stuff - pegging payouts to how correct your bet is and how much you are willing to risk in spread type betting. But they've made no real headway in New Jersey or nationally, it's assumed they are a 3% market share book in New Jersey and are nothing compared to what FanDuel and DraftKings are doing on volume or marketing. Some of the other books operating in New Jersey already have agreements with BetMakers in other countries. But only PointsBet has a reported agreement in the US so far. It’s suspicious that none of the bigger retail book in New Jersey seem to have an agreement to offer fixed odds racing.

The picture of fixed odds racing is coming into clearer view. We are going to have a fixed odds product similar to the exchange without the marketing heft the exchange had and we’re going to launch it even more content poor than the exchange since the big 3 have been mum and their past performances would suggest there's no way they'd do a deal now.

It is set up for failure. There were years and years of discussion in racing if they should embrace the exchange. That debate is largely over. It's not even talked about anymore. I suspect fixed odds will go the same way. The small, non-big 3 tracks are not working together at the level needed to counter the big 3 and the big 3 are happy to keep things the way they are. It has taken a long time for this consolidation to occur and I believe the big 3 are afraid of having an ADW expansion redux, where they make some bad deals just to make a deal to get into a new, emerging market and then years later regret it and lose control of their signals and of knowing who their customers are. This is essentially how the roll out of ADW’s went 20 years ago. It’s taken a long time to put that genie back in the bottle and there is some trepidation to having that happen again.

I don't want to say that "racing" is at a critical stage. The critical stage has largely passed. It was the 20 year period between the advent of ADWs and before sports betting that saying “NO” to everything lead us to the place we are now, which is not a good place. Racing is not developing new outlets and they've largely given up on growing a segment of “skill game” players that doesn't care about hats and the majesty of the horse but are willing to bet big money. I'm sympathetic to this situation since there are no good options to grow racing at the moment that are slam dunks. You have to get down in the trenches and build it but 20 years of saying “NO” has a cost and we're seeing it now. It's just so much easier to do ABR-like marketing and hope some of those people become life long players while shipping them off to be sheered in jackpot pools and the rest of it.

I don't really know if fixed odds is an answer for racing. I have no real idea or opinion but the way it's currently constructed and the nature of having to go to each state, get the laws passed, get the tracks on board, have the horsemen agree to it and doing this while the big 3 aren’t on board is a recipe for failure, IMO. Until one of the big 4 states (California, Florida, Kentucky and New York) and one of big 3 racing groups make a move and show they can launch it and find a partner, it's mostly a niche novelty for now.

Addendum: when I initially published this, I received feedback from different racing insiders who felt I was too easy on BetFair and too hard on the big 3. I agree, I’m giving BetFair a pass for their role in the failure. My impression is that BetFair tried to move racing forward at that time and they found nobody to work with. Yes, in the 10 years since, the exchange has lost a lot of luster as Flutter has pushed away from it and into retail books and online casinos as a way to increase revenue at a faster clip. The point is - they tried and found that nobody else wanted to try and in fact the big 3 wanted it to fail and I suspect we’re seeing the same movie again with fixed odds. Time will tell.

[rdagade]

Global Electronic weighing scale Market

Global Electronic weighing scale market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 6.0% through 2020 to 2027, reaching US$ XX Mn.

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The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

An electronic weighing scales are measuring instruments that used to measure the weight or mass of an object. These scales are used in wide-ranging industrial as well as commercial products and applications. The rising need for determining the accurate weight of an object is driving the growth of electronic weighing scales market globally. The global Electronic weighing scale market is driven by the growing industrial automation and rapid deployment of electronic weighing scales in the retail and jewelry outlets. Growing dependence on the electronic weighing scales in various application areas supermarkets, kitchens, hospitals, pharmacies, laboratories, are also projected to impelling the market growth in the forecast period. However, the high cost of these machines than the traditional weighing scales are restraining the market growth at the global level.

Based on the type, the table top scales segment has led the electronic weighing scale market in 2019 and is estimated to generate more than US$ XX Mn market revenue by 2027, with a CAGR of XX%. Table top scales are light in weight, easy to operate, cost-effective, rugged, and compact electronic weighing scales. These scales are mostly used in laboratories, pharmacies, cafes, kitchens, and retail applications.

Based on the end-use vertical, the industrial sector dominated the electronic weighing scales market and is estimated to generate the largest revenue of US$ XX Mn in 2019. owing to their wide use in export and import of different material and measuring of items such as corrosive liquids and gases that require high accuracy during the production process. The electronic weighing scales have become a fixture in daily use within the industrial environment. Rugged industrial crane scales, platform scales, and pallet truck scales are the most prominent electronic scales used for industrial applications.

Geographically, the Electronic weighing scale market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the prominent market share of XX% in 2019 and is expected to reach US$ Mn by the end of 2027, with a CAGR of XX%. Thanks to the increasing automation across different industry verticals that demand the use of automated electronic measuring devices for testing and measurement. Also, the presence of a large number of market players in the region and accessibility of skillful technical expertise boost the demand for the electronic weighing scale in the region. However, the market in Asia Pacific is expected to grow at a high CAGR of XX% during the forecast period owing to the easy availability of low-cost raw material, which promotes the mass production of low-cost electronic scales. China, Japan, India, and Australia are the leading contributors to the regional market growth due to the wide adoption of electronic gem scales in the countries. The rising investments in research and development activities for the introduction of the advanced electronic weighing scale is predicted to accelerate the growth of this region in the near future.

A report covers the recent development in market for the global Electronic weighing scale market e.g., Adam Equipment, launched an NRCS approved PT platform scales. The platform scales are capable of offering a durable weighing solution for various applications in the industrial settings, like warehouses, shipyards, receiving and shipping docks, distribution centers, and recycling facilities.

The objective of the report is to present a comprehensive analysis of the Global Electronic weighing scale Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Electronic weighing scale Market dynamics, structure by analyzing the market segments and project the Global Electronic weighing scale Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Electronic weighing scale Market make the report investor’s guide.

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Scope of the Global Electronic weighing scale Market: Inquire before buying

Global Electronic weighing scale Market, by Type:

• Table top scale

• Platform scale

• Precision scale

• Pocket scale

• Others

Global Electronic weighing scale Market, by End-User Vertical:

• Industrial

• Veterinary

• Scientific/laboratory

• Jewelry

• Food & beverages

• Health & fitness

• Education/research

• Others

Global Electronic weighing scale Market, by Region:

• Asia Pacific

• North America

• Europe

• Latin America

• Middle East Africa

Global Electronic weighing scale Market, Major Players:

• Contech Instruments Limited

• A&D Company Limited

• The Essae Group

• Tanita Corporation

• Adam Equipment Co. Ltd.

• Avery Weigh Tronix Ltd.

• Aczet Pvt. Ltd.

• Atrax Group NZ

• Arlyn Scales

• Cardinal Scale Manufacturing Company

• D Brash & Sons Ltd.

• Doran Scales, Inc.

• Fairbanks Scales

• KERN & SOHN GmbH

• Mettler-Toledo, LLC

• Rice Lake Weighing Systems

• Weightron Bilancia

• Shinko Denshi Co., Ltd

• Illinois Tools Works, Inc. 

• Shimadzu Corporation

• Sartorius AG

• BONSO Electronics International, Inc.

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