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Dog Clothing & Accessories Market Product, Application and COVID-19 Impact Insights, 2028
The global dog clothing and accessories market size is expected to reach USD 16.61 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.9% from 2021 to 2028. Increasing disposable income and rapidly growing urbanization have promoted the demand for innovative and fashionable accessories for pet owners from pet owners. In addition, vendors in this industry focus on multi-functional and fashionable product development to meet pet owners' requirements. Spending on a pet has increased as a mark of sensitivity and social status. Thus, all these factors are expected to drive the market.
Market Share Insights:
KONG Company
DoggyMan H.A. Co., Ltd.
Masterpet Corporation Ltd.
Central Garden & Pet Company
Hangzhou Tianyuan Pet Products Co., Ltd.
Bampz, LLC
Mars Petcare
PetPace
Pet Factory Company
Petmate Holdings Co.
The market is characterized by the presence of various well-established players and several small players. However, the industry is dominated by top international players. Industry participants are practicing several inorganic and organic growth strategic initiatives in order to expand their product/service portfolio and enhance their foothold across the market.
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Distribution Channel Insights
The offline channel captured the largest share of more than 65.0% in 2020 and is projected to register a substantial growth rate over the forecast period. Consumers feel more comfortable choosing their own products. Other factors that determine this sales channel are price reductions, shopping experience, immediate food purchase, and the availability of a wide range of products in a single store. In addition, improved services such as click and collect have fueled food sales through this channel.
The online distribution channel segment is projected to expand at the highest CAGR of 7.9% during the forecast period. The current COVID-19 pandemic is one of the significant factors driving the retail of products through the online distribution channel. The easy shopping experience, coupled with the easy payment options, is expected to drive the sale of the product through the online retail channel. Furthermore, the online distribution channel is gaining remarkable popularity among the millennials and generation Z consumers owing to the growing preference for digital shopping over brick-and-mortar stores.
Regional Insights
North America accounted for the largest share of over 30.0% in 2020, with the U.S. being the dominant shareholder across the region. The growing awareness about grooming a dog as per age, breed, weight, and physical activity is driving the dog clothing and accessories market in the region. Moreover, high disposable income and increased spending on domestic animals, such as dogs, are driving the market in North America.
The market in the Asia Pacific is projected to register the fastest CAGR of 7.9% over the forecast period, with China being the major revenue contributor to the regional market growth. Increasing disposable income, along with intense advertisement campaigns by the leading dog clothing and accessories manufacturers, has led to the growth of the market in the region. The Asia Pacific is home to over 4 billion people, making it one of the largest markets across the world. Furthermore, post the COVID-19 pandemic, the region is anticipated to witness a rise in employment, inflating disposable incomes, and enhancing standards of living. These factors will result in creating a large opportunity for the manufacturers of dog clothing and accessories. Hence, the regional market is expected to witness rapid growth in the coming years.
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Fogless Mirror Market Product Type Estimates and COVID-19 Impact Insights, 2028
The global fogless mirror market size is expected to reach USD 576.6 million by 2028, registering a CAGR of 5.8% over the forecast period, according to a new report by Grand View Research, Inc. Over the past few years, there has been a significant increase in bathroom renovation expenditure globally, especially in the Asia Pacific region, due to the continuous inflow of evolved designs in bathroom Vanities. These expenditures are projected to outpace other housing development expenditures in the coming years. The trend is expected to emerge as a key driving factor for the market growth.
Market Share Insights
LAUFEN BATHROOMS AG,
Roper Rhodes, Ltd.,
Zadro Products, Inc.,
New Home Bath & Mirror Inc.,
Electric Mirror, Inc.,
ToiletTree Products, Inc.,
HiB Ltd.
WeProFab
The Shave Well Company
YD Valve Co. Ltd,
The market is characterized by various well-established players and several small and medium players. These players continuously invest in inorganic and organic growth strategic initiatives to expand their product/service portfolio and to enhance their foothold in the market. Increasing competition at the regional and global levels is leading the market towards consolidation. Also, the global players are establishing manufacturing and distribution networks in developing countries to gain a market presence.
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Product Insights
The stationary fogless mirror segment contributed the highest revenue share of more than 55% in 2020. Fogging is condensing water droplets on the mirror's surface which generally occurs while installed in enclosed spaces. Fogless mirrors help prevent water droplets from concentrating on the surface of the mirror. To avoid the condensation of droplets, fogless mirrors are coated with anti-fogging chemicals on their silver surface.
Vendors in fogless mirror segments continuously adopt various organic growth launching new products with wider features in this category to provide a better experience to their customers. Improved scalability, high efficiency, and reliable performance are among the key factors sustaining the segment competitiveness across the global market.
Regional Insights
North America accounted for a significant market share of 29% in 2020, with the U.S. occupying the position of the dominant revenue contributor in the region. The continuous development, expansion, and renovation of commercial spaces such as hostels, gyms, and households have driven the demand for fogless mirrors in the region. Apart from this, increasing innovation in the raw material used and rising focus on the benefits associated with anti-fog mirrors among the consumers are expected to support the market growth in the forthcoming years.
The Asia Pacific market contributed to the highest share of more than 30% in terms of revenue in 2020 and is projected to register a substantial CAGR over the forecast period, with China being the major revenue contributor to the regional market growth. The increasing population and growing urbanization in countries such as China, India, and other countries are likely to be the key catalysts for the demand for fogless mirrors in the region. Moreover, the expansion of the economy in Asian countries contributed to increasing disposable income, which became a key driver for market growth. Moreover, the robust development of home décor units and bath utilities in the countries such as China, India, and Japan provided the vendors of the market with a key distribution channel to penetrate the rural and urban regions.
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Restaurant Point Of Sale Terminals Market Sales/Retail Channel Analysis and Competitive Insights, 2027
The global restaurant POS terminal market size is projected to reach USD 25.1 billion by 2027 and expected to grow with a CAGR of 6.8% over the forecast period, from 2020 to 2027, according to Million Insights. Rising demand for outside food, especially on weekends by people has incurred the need for optimizing operations right from inventory management to customer feedback. Therefore, adaptation POS has enhanced the management of customer relationship, staff scheduling, and table orders. Moreover, over the recent past, adoption of mobile POS terminals has increased due to ease of usage and low installation cost.
The POS terminal helps to keep records of inventory, payroll, sales figures, and billing. In addition, it helps restaurant owners in sales tax reporting by storing monthly as well as yearly data thereby, eliminating the need to prepare the sales report daily.
In addition, customer relationship management software is installed in the POS terminal which helps to fetch customer information, sale report and gives regular updates. The CRM-based POS enables tracking of customer purchase patterns which helps owners to customize their menu accordingly. Therefore several benefits associated with the restaurant's POS terminal are projected to drive the market growth over the forecast period.
Market Share Insights
The market is highly competitive in nature due to the presence of a large number of players including Posera; ShopKeep; Squirrel Systems; PAX Technology Limited; Verifone Systems Inc.; Aireus Inc.; Harbortouch Payments, LLC; Dinerware, Inc.; POSist, EposNow; Upserve, Inc., Revel Systems; TouchBistro; LimeTray; Ingenico Group; Oracle Corporation; POSsible POS; NCR Corporation; and Toshiba Corporation. Strategies such as product development, partnership, and acquisition are implemented by major market players. For example, in 2019, Qu POS, Inc. developed a POS platform to support restaurants from one central hub in managing omnichannel orders. Moreover, in 2017, NCR Corporation partnered with MONKEY which is a cloud-based software provider. This initiative will help NCR Corporation to manage its orders with the cloud-based platform.
The industry players are also striving to offer new features in the product at a low cost. The Touch Bistro offers POS solutions with tablets with attractive features such as inventory management, cash management, and order tracking for quick-service restaurants. Continuous innovation in products and the growing focus of industry players to provide customized solutions are expected to fuel the demand for POS solutions. For example, Revel Systems formed a partnership with Intuit Inc. in order to develop an online restaurant POS terminal with the name QuickBooks that allows restaurants to track their payment, inventory, CRM information, payroll, and sales.
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Regional Insights
In 2019, Asia Pacific dominated the global market and accounted for revenue of over USD 4 billion. It is estimated that the Asia Pacific will retain its position over the forecast period owing to the rapidly growing and expanding foodservice sector in emerging countries such as China and India. In these countries, several restaurants are using POS terminal solutions such as tablets and kiosks to place orders, display menus, enhance customer experience, and increasing operating efficiency.
In 2019, North America was the second-largest market shareholder. This is due to the presence of a large number of POS software developers and rapidly growing restaurant services. In addition, the growing demand for POS software in restaurants to overcome daily challenges associated with management and operation is anticipated to further drive the regional market growth. Moreover, the presence of quick-service restaurants in the U.S. is expected to positively impact regional market growth.
Impact of COVID-19
The outbreak of coronavirus has caused massive disruption in the restaurant industry. Many restaurant owners realized that their old business model will not work in post-COVID-19. Due to the adverse impact of coronavirus, consumer behavior is totally changed which has enforced the restaurants to adopt the new technology including POS terminal to manage front-end and back-end operations efficiently. POS terminal in the restaurant is a central hub to manage menu, inventory, payment process, and other operations. With the coronavirus, the major concern is human contact. Hence contactless payment does not require any physical contact between the customer card and the payment terminal. This type of payment is possible through mobile wallets, credit, or debit cards. Restaurants are increasingly using wireless POS terminals integrated with contactless payment technology. Therefore, increasing concern regarding safety and security will drive the demand for POS terminals after reopening the restaurants.
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Military & Commercial Parachutes Market Challenges, Opportunities, Driver and Restraint Analysis, 2025
The global military & commercial parachutes market size is projected to value USD 930.4 million until 2025. It is expected to register a CAGR of 6.1% over the forecasted years, 2019 to 2025. The rapid technological advances being carried out for enhancing international securities and shifting inclination towards aerial sports is anticipated to drive the market growth.
The usage of military parachutes to drop payloads such as equipment, relief aids, and soldiers is projected to gain traction over the forecasted period. Also, other rescue operations make use of parachutes on account of their features like swift and efficient landing.
The majority of the key players end up signing long-termed contracts with military and defense departments. Also, technological advances for developing the enhanced quality of harnessing tools and fabrics are projected to positively impact the market growth for parachutes. However, strict rules imposed for the manufacturing of these parachutes are anticipated to hinder market growth.
Market Share Insights
The market includes players like Airborne Systems; FXC Corporation; BAE Systems; Aerodyne Research, LLC; SPEKON; Zodiac Aerospace, and Parachute Systems. These players are constantly engaged in product development and innovation to gain a competitive advantage.
They are also securing contracts from the defense departments across various countries for providing advanced parachute systems. For example, a contract for providing multi-mission parachutes is awarded to Airborne Systems in 2018 by the U.S. Marine Corps. This contract will also help in enhancing the customer base and widening of product portfolio and geographical reach.
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Regional Insights
In 2018, North America held the largest share across the global commercial and military parachute market. This can be associated with the rising presence of many key players like Mills Manufacturing and Airborne Systems across this region. Also, huge investments across the defense sector coupled with the surging adoption of fabric technologies like smart textiles are projected to drive market growth.
The Asia Pacific is anticipated to witness the highest CAGR over the forecasted years, 2019 to 2025. The rising adoption of adventurous activities and aerial sports like parachuting and sky-diving across countries like New Zealand, China, and India are projected to drive the demand for such products. Also, the promotion of skydiving competitions by associations such as the Australia Parachute Federation and Asiana Parachute Federation is further anticipated to fuel up the market growth.
COVID-19 Impact Insights
The market has been impacted on account of the ongoing COVID-19 crisis. This can be associated with the reduction in several aerial sports activities due to the imposition of lockdown and governmental restrictions. Also, curtailments in expenses for tourism and entertainment activities are projected to hamper the growth. Moreover, shifting preference from defense towards healthcare is further anticipated to negatively impact the growth.
However, the market is anticipated to witness substantial growth in the post-pandemic period owing to the need for ensuring international safety and security. Also, rapid developments for launching good quality fabrics are projected to drive many manufacturers to invest in product development and innovation.
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Carbon Thermoplastics (CFRTP) Composties Market Consumer Trends and Factors Affecting Buying Decision, 2025
The global carbon fiber reinforced thermoplastic (CFRTP) composites market size is anticipated to reach USD 7.74 billion by 2025. It is also expected to register 10.8% CAGR during the forecasted period, 2016 to 2025. Several features like less weight, more strength, and good fire resistance are anticipated to drive the demand for such composites across the globe.
Several industries like marine, construction and wind turbines require lightweight materials for the production of components. Further, the efficiency of fuel in automobiles also depends on their kerb weight. Thus, the usage of CFRTP is expected to gain traction across many industries in the upcoming years.
These composites are projected to gain wide popularity over other thermosetting resins due to their enhanced properties. These conventional thermosetting resins gain hardness after reheating and require more time for molding into the desired structure and shape. Owing to these limitations, such resins are getting replaced by the CFRTP composites.
Competitive Insights
The key players in the carbon fiber reinforced thermoplastic (CFRTP) composites market are SGL Group, Toray Industries, Inc., Teijin Limited, BASF SE, and Mitsubishi Rayon Co., Ltd. These players are engaged in implementing several marketing strategies like alliances, partnerships, agreements, and joint ventures to gain a competitive advantage over other players.
This market is characterized by the presence of a few key players across the globe which has higher value chain integration. These players have started producing the raw material required for the manufacturing facilities. This initiative has reduced the product price and increased its profit margins.
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Application Insights
The automotive application segment is anticipated to register the highest growth with 14% CAGR during the forecasted years. Several rules and regulations being imposed by statutory governing organizations about vehicle emissions coupled with the need for enhancement of fuel efficiency are projected to drive its market growth in the upcoming years. Moreover, the feature of CFRTP for lowering the vehicle weight is anticipated to drive its demand across the globe.
In 2015, the segment of aerospace and defense dominated the global CFRTP market. This can be associated with the need for lightweight materials in aircraft manufacturing. Also, rapid advances being carried out across the aviation sector are expected to propel the market growth for CFRTP.
Regional Insights
North America dominated the market with a share of around 35% across the globe in 2015. This growth can be attributed to the increasing presence of major aircraft manufacturers like Boeing across this region. Also, the surging number of defense instrument makers is projected to fuel up the market demand in the upcoming years.
Europe is projected to witness the highest growth in revenue generation across the global market during the forecasted period, 2016 to 2025. This can be associated with the imposition of strict regulations and rules about vehicle emissions coupled with the efforts undertaken by the key automotive manufacturers for the same.
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Industrial Refrigeration Systems Market Impact of COVID-19, Product Outlook and Value Chain Analysis
The global industrial refrigeration system market size is anticipated to account for USD 26.90 billion by 2027, according to a new report by Million Insights. The market is projected to register 4.6% CAGR over the forecast duration. Increasing demand for compact and innovative industrial refrigeration systems coupled with government initiatives to consolidate cold chain infrastructure is driving the growth of the market. In addition, the rapid expansion of retail food stores globally is further attributed to the growth of the market.
Food processing industry faces challenges in ensuring the freshness of perishable goods. As a result, they are increasingly focusing on the development of cold chain storage. Rising consumption and production of processed food is expected to play a key role in the growth of the industrial refrigeration system.
In the recent past, the demand for online food delivery has surged significantly. This trend has provided a new opportunity in the market, as the refrigeration system would help in keeping the food fresh for a longer duration. In addition, online delivery of meat, fish, poultry, and other processed food has strengthened the demand for cold chain operations, which in turn, has driven the market growth. Further, the growing penetration of the retail sector in emerging countries is supplementing the industrial refrigeration market.
The demand for medical and pharmaceutical products has increased considerably owing to COVID-19 outbreak. Medical products such as drugs, blood bags, vaccines, and others are temperature sensitive. Therefore, increasing the need to preserve pharmaceutical products is driving the demand for industrial refrigeration systems.
Market Share Insights
Key players such as GEA Group¸ DAIKIN INDUSTRIES, Ltd, Danfoss Industries Pvt. Ltd, Emerson Electric Co., and Johnson Controls held the prominent share in the market in 2019. Market players are focusing on developing new technologies collectively to increase profitability. Industry players are continuously undertaking strategic initiatives such as mergers & acquisition, partnerships, agreements, and new product development to stay competitive in the market. For example, Danfoss Industries Pvt. Ltd, in April 2020, introduced an electric liquid level switch. This switch is anticipated to play a crucial role in the safety of the refrigeration system.
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Regional Insights
In 2019, North America accounted for more than 30.0% share in the industrial refrigeration system market by revenue. Increasing consumption of frozen foods in the form of skillet, oven meal, bowl meal, and others are increasing the demand for efficient refrigeration systems in the region. Food producers are likely to contribute to the majority of the share in the market. In addition, an increasing number of ongoing research and clinical testing amid COVID-19 are further anticipated to drive the growth of the product from the pharmaceuticals industry.
The Asia Pacific is estimated to provide lucrative opportunities for the market players owing to the increasing number of cold chain storage systems in countries such as India, China, and Japan. India, on the other hand, is the second-largest producer of vegetables and fruits. Storing and ensuring the improved shelf life of fruits and vegetables can be a challenging task. However, increasing focus by industry players and government in setting up cold storage facilities is driving the demand for industrial refrigeration systems in the country.
COVID-19 Impact Analysis
The market has been negatively affected owing to the outbreak of COVID-19. The majority of industrial operations were shut down across different parts of the world to contain the spread of the virus. Further, consumers’ preferences for home-cooked products have led to a significant drop in the demand for processed food. In addition, disruption in the supply chain further restrained the market growth. However, the demand for essential items continued to rise during the pandemic. Panic buying of food products has positively affected the market growth initially. In addition, the demand for refrigeration systems has witnessed a surge from the pharmaceutical industry. This trend is anticipated to continue owing to ongoing clinical trials and increased demand for medicine.
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White Box Server Market Sales Channel, End-Use Outlook and Impact of COVID-19
The global white box server market is anticipated to value USD 25.53 billion until 2025. It is also expected to register a CAGR of 22.0% over the forecasted years, 2018 to 2025. Rising adoption of several open-source platforms like Project Scorpio and Open Compute Project coupled with the rising demand for containerization and micro-servers is estimated to trigger the market growth.
There has been a significant rise in the number of OEM vendors approaching ODMs (original design manufacturers) for developing networking equipment. Rapid commoditization and emergence of OCP (Open Compute Project) by Facebook have driven the need for the development of the latest hardware designs for enhancing network and data capacity.
These servers can be easily designed to meet customized business needs and can provide enhanced functionality at lower costs. Several key players operating data centers like Amazon, Facebook, and Google are replicating the white box paradigm along with networking switches. This is anticipated to propel the market growth for white box servers across the globe.
Market Share Insights
The global market includes key players such as Celestica Inc.; MiTac Holdings Corp.; Penguin Computing; Compal Electronics; Hyve Solutions; Inventec Corporation; ZT Sytems; and Hyve Solutions. They are constantly engaged in product development and innovation to gain a competitive advantage over players.
They are focusing majorly on R&D activities for the development of power and cost-efficient server solutions. Also, they are increasing their focus towards the deployment of enhanced storage solutions which can boost performance by 30-50% as that of conventional servers. They are also developing innovative go-to-market strategies and innovative server designs to widen their geographical reach.
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Regional Insights
In 2017, North America held the largest share of more than 30.0% across the global market. This can be attributed to the shifting trend of digitalization prevailing among several enterprises and the rising usage of ICT technologies by key organizations located in this region. Further, the surging number of data centers across countries like the U.S. and Canada is also anticipated to fuel up the market growth.
The Asia Pacific is anticipated to register the fastest growth over the forecasted period, 2018 to 2025. The rising adoption of digital services and mobile devices by the millennial population has boosted the need for the generation of data centers. Thus, the demand for white box servers is projected to increase in these data centers thereby driving the market growth across this region.
COVID-19 Impact Insights
The global white-box server market is impacted positively on account of the ongoing COVID-19 crisis. The imposition of work from home policies by several organizations and the implementation of the online education system are driving the need for strong servers across the globe. Also, travel restrictions by several governments, the rising influence of the e-commerce industry, and the surging usage of the internet are propelling the need for efficient and flexible servers, thereby facilitating the market growth. Such factors are also projected to propel market growth over the post-pandemic period.
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Autonomous Vehicle Market Global Demand, Application Outlook & Impact of COVID-19
The global autonomous vehicle market demand is projected to account for 4.2 million units by the end of 2030, registering over 63% CAGR, according to a new report by Million Insights. Also known as self-driving vehicles, these are the combination of sensors and several networking systems. Over the past few years, there has been significant development in the field of autonomous driving technology. Further, companies such as Google LLC and Tesla have upped their investment in research & development, thereby, attributing to the growth of the market.
The favorable government initiatives and financial support are some of the major factors attributing to the growth of the self-driving vehicle market. A wide range of systems and products together contribute to the infrastructure of autonomous vehicles. Autonomous vehicles ensure the self-mobility of non-drivers and people with disabilities. Owing to the increasing technical advancements, these vehicles are equipped with a wide range of technologies and comfort systems, thereby, allowing people to read, relax and work while traveling.
In addition, the demand for paid drivers is projected to reduce with the increasing penetration of self-driving vehicles, thereby, offering cost-effective mobility solutions. Further, these vehicles would ensure the safety and effective utilization of road infrastructure.
Market Share Insights
Major players in the market include BMW AG, Ford Motor, Google LLC, Nissan Motor, Uber Technologies, Volkswagen AG, Audi AG, and Daimler AG among others. These players are aggressively investing in developing necessary technologies for autonomous vehicles. Further, these companies are working in a collaboration with other stakeholders to gain a competitive edge in the market. For example, recently, Volkswagen and Ford joined hands to co-operate with each other in the development of autonomous vehicles. The deal between the two was valued billions of dollars and they agreed to share hardware and intellectual properties.
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Regional Insights
Over the forecast duration, it is projected that North America would register significant growth. This is due to the supportive government regulation coupled with suitable road infrastructure. States across the United States are adopting favorable regulations to increase the penetration of autonomous vehicles. In addition, the federal government in the U.S has also invested significantly to develop self-driving vehicles for military application.
On the other hand, Europe is likely to offer huge growth opportunities due to rising preferences among consumers for technically advanced vehicles. In addition, several countries in the region are implementing regulations aimed at boosting the adoption of autonomous vehicles. For example, the Department of Transport in the United Kingdom allowed service providers to operate self-driving vehicles on public roads without any special permission. In addition, the government is working towards introducing autonomous vehicles on roads by 2021.
Impact of COVID-19
The outbreak of COVID-19 has resulted in the imposition of lockdown in countries causing massive disruption and halting businesses operations in the automobile industry. Around 90% of the major automobile firms across North America, Europe, and China have been forced to stop their manufacturing facilities. The pandemic has also delayed the investment in the development of novel technologies in the automotive industry.
However, the effect of the pandemic is for the short term only and several countries have started their manufacturing units with limited restrictions. In addition, governments across the globe are increasingly investing in the development of supportive infrastructure, which, in turn, is likely to bode well for the growth of the self-driving vehicles market.
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Air Mattress Market Size, Key Players, Revenue Drivers and Impact of COVID-19
The global air mattress market size is projected to reach USD 227.2 million by 2025, according to a new report published by Million Insights, with a CAGR of 8.6% from 2019 to 2025. The increasing need for comfortable sleeping to refrain from diseases like pressure wounds and back pain is expected to surge the demand for these products. Furthermore, the positive growth of the tourism and travel sector due to the increase in the number of holiday and professional trips is anticipated to increase the utility of foldable bedding options for additional accommodation.
Air mattresses have the ability to help in better blood circulation and relief to the individual sleeping on them. Additionally, the product’s ability to change pressure points through position shifting provides relief to back pain patients. Further, growth in the hotel industry in the U.S. due to the rising number of foreign travelers coupled with the growing concept of wellness tourism is predicted to fuel the demand for air mattresses in different hospitals and hotels.
Market Share Insights
The key players include ALPS Mountaineering; LazerLazery; Intex Development Co. Ltd; WENZEL Group; Restoration Goods; Somnio LLC; Bestway; SizeWise; Sleepy Sleep; American National Manufacturing, Inc.; and Drive DeVilbiss Sidhil Ltd. Companies have been focusing on adopting strategies like mergers and acquisitions to expand their presence in the market. For example, the acquisition of U.S.-based luxury mattress brand “Spring Air” by Indian brand “Kurlon” in April 2019, helped the company to expand its business. Furthermore, the introduction of new products with advanced features is predicted to remain a favorable factor for industry players over the years.
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Product Insights
Twin products accounted for revenue of USD 54.5 million in 2018. The majority of consumers are inclined towards these products due to their easy availability and affordable prices. Consumer preference for nuclear families along with the hike in real estate prices is encouraging people to prefer small living rooms, which, in turn, are fueling the demand for the air mattress market.
The king-size air mattress is predicted to register a CAGR of 10.5% for the period of 2019 to 2025. Normal king-sized segment ranges with a height of 6.5 to 25 inches and measures 76x 80 inches. Changing consumer interests for luxury beds in resorts and hotels is a key factor for the market growth. Luxury hotel chains like Hilton Hotels and Resorts, JW Marriott, InterContinental Hotels Group (HIG), and Hyatt Hotel Corporation focus on installing air mattresses in their gardens and rooms. The companies use superior quality cover materials like high GSM spun polyester fabric to develop air mattresses. Moreover, king-size air mattresses provide a larger space with a better sleeping experience.
Regional Insights
North America held the dominant position accounting for a share of over 35.0% in 2018. The rising importance of a balanced sleeping pattern due to a stressed lifestyle is expected to drive the air mattress market over the years. The awareness among individuals for a healthy lifestyle is encouraging the consumers to spend more on sleeping beds and accessories.
Asia Pacific is predicted to register the fastest CAGR of 10.0% for the period of 2019 to 2025. The growth in the working population in South Korea, India, and China along with urban development is predicted to boost the purchasing power of the consumers. The urban households are smaller in size, thus, convenient products that are lightweight, easy to fit, and lightweight are preferable by them. To cater to these demands, the manufacturers are investing in product innovation to increase the scope for these markets. For example, an Indian mattress manufacturer, Kurlon, in September 2016, introduced kurlopedic technology with special air-flow technology.
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Electrostatic Precipitator Market Impact of COVID-19, Process Outlook and Regional Scope
The global electrostatic precipitator market size is anticipated to reach USD 14.97 billion by 2025. It is anticipated to register growth with 3.3% CAGR during the forecasted period, 2018 to 2025. This growth can be associated with the increasing health awareness prevailing among the millennial population and the need for curtailing environmental pollution.
Rising industrialization is contributing majorly to the pollution across urbana areas. This can be associated with the emission of harmful chemical fumes and gases from industrial and construction activities. As these electrostatic precipitators safeguard humans from severe illness, their demand is expected to surge up in the upcoming years.
Market Share Insights
The key players in this market are Mutares AG, ELEX AG, Babcock & Wilcox Enterprises, Inc., FLsmidth& Co. A/S, Hamon Group, Thermax Limited, Siemens Aktiengesellschaft, and KC Cottrell Co., Ltd.These players are focusing to develop mobile apps and similar mechanisms for providing easy access to pollution control units. The key players hold a major share across the global market, especially in Europe and North America.
They are also engaged in developing several marketing strategies like cost-effective pricing and expansion to gain a competitive advantage over other players. Several players have started investing hugely for carrying out R&Ds for product expansion and to widen their product reach.
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Technology Insights
The global electrostatic precipitators market can be segmented into wet and dry technology. In 2017, the dry technological segment held the largest share across the global market and generated revenue of USD 9.66 Billion. It is anticipated to register the highest growth during the forecasted years, 2018 to 2025.
The wet type of electrostatic precipitators is considered to be conventional. It is largely used for carrying out the functioning of critical industrial processes like sulfuric acid droplets and mists removal from the gas streams.
Application Insights
The global electronic precipitator market can be segmented into metal, chemical, cement, power generation, manufacturing, and others based on the applications. The application segment if manufacturing is projected to register 4.9% CAGR during the forecasted years, 2018 to 2025.
This growth can be attributed to surging growth across infrastructure and construction activities. Moreover, rapid industrialization across the globe is projected to drive the market growth for electrostatic precipitators in the upcoming years.
Regional Insights
In 2017, the Asia Pacific is projected to hold the highest share across the global electrostatic precipitators market. This can be attributed to the rapid technological advances being made across developing countries like China and India. But, surging population rise and health issues are anticipated to hinder the market growth in the upcoming years.
Europe held the second-largest share across the global market in 2017. This can be attributed to the rising demand for equipment to control pollution across this region. Countries such as Germany, Italy, U.K, Russia, Spain, and Central and European countries are projected to create a requirement for electrostatic precipitators.
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Blockchain Technology Market Size, Impact of COVID-19 and Gross Margin Analysis, 2025
The global blockchain technology market is estimated to reach USD 57,641.3 million, by the end of 2025, and is anticipated to grow at a CAGR of 69.4% over the forecast period, 2019 to 2025, according to a new report by Million Insights. Blockchain technology helps to monitor all types of cryptocurrency transactions. This technology works as a record-keeping & electronic transaction & record processing system. This solution enables users that are connected over the network to track data through a secured network, thereby, eliminating the need for third party authentication.
The market is anticipated to propel at a rapid pace due to various benefits such as minimized error rate, elimination of reconciliation, and reduction in record delicacy. Blockchain technology solution makes the database to be universal and allows different institutions to utilize the same. This universal access at the same time increases the efficiency of the system.
Market Share Insights
Leading players in the market include Microsoft Corporation; Linux Foundation; IBM Corporation; Deloitte; BTL Group; R3; Chain Inc.; Global Arena Holding, Inc. (GAHI); Circle Internet Financial Limited; Eric Industries; Ripple; and Post-Trade Distributed Ledger.
Companies are engaged in investment for new technology development and collaborations to increase their presence across the world. For instance, in 2019, Icertis has collaborated with Microsoft Corporation to develop an enhanced blockchain framework to deliver high efficiency.
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Regional Insights
In 2018, North America accounted for USD 612.3 million in the overall market. This growth is contributed to the rapid adoption of innovative solutions in the countries such as Canada, and the U.S. Blockchain technology is widely used in the government, retail, and the BFSI sector for payment transactions, smart contracts, and digital identity detection solutions.
The Asia Pacific is projected to grow at a significant rate owing to the rising financial sector across countries like India, and China. In banks, for managing the Know Your Customer (KYC) documents, blockchain technology is utilized. Furthermore, growing research initiatives for developing blockchain solution is predicted to support market growth. For example, in 2018, the Chinese academy of sciences has announced the development of a new lab in the country.
COVID-19 Impact Analysis
The outbreak of COVID-19 has negatively impacted the global blockchain technology market. COVID-19 crisis has disrupted the supply chains network of all industries and their commerce business. Blockchain technology is expected to be critical for the potential rebuilding of the disrupted networks. This technology provides transparent and secured data on transactions and goods services.
Amid COVID-19 blockchain in the finance sector is expected to grow at a faster pace than other industries. Data storage, goods authentication, and food tracking applications involve financial transactions, which are projected to contribute to market growth.
Furthermore, the online gaming trend is on rising during the coronavirus pandemic, as people are staying at home. These online gaming applications are expected to proliferate digital currency usage, which, in turn, is boosting the need for blockchain technologies.
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Internet of Things (IoT) Analytics Market Impact of COVID-19, Product and Revenue Analysis, 2025
The global analytics of things or internet of things (IoT) analytics market size is projected to value at USD 57.3 billion by 2025, as per a new report published by Million Insights, registering a CAGR of 29.7% from 2017 to 2025. The rising demand for cost-effectiveness and advanced technologies are surging the demand for analytics of things. These solutions enable users to access real-time information. Deployment of useful data has turned out to be easier owing to high-tech sensor integration. The use of extracted data helps enterprises to make timely decisions.
Cost reductions of components and ease of deployment are also stimulating the use of analytics of things. IoT analytics can be used for several applications like infrastructure management, security management, and building automation. It further caters to the analysis of large volumes of data extracted by IoT. Moreover, it enables connecting, transforming, processing, aggregating, and managing real-time insights. The analytics of things solutions provide benefits like scalability, real-time reviewing, and cost optimization to businesses. These factors are expected to stimulate the internet of things analytics market over the projected period.
Market Share Insights
The major industry participants include Google; Amazon Web Services, Inc. (AWS); Greenwave Systems; Cisco Systems, Inc.; Hitachi, Ltd.; International Business Machines (IBM); and Hewlett Packard Enterprise Development LP.
Companies are emphasizing offering innovative and cost-effective solutions. These are extensively investing in R&D activities to deploy innovative solutions and have a competitive edge in the market. Leading market players have opted for strategies like mergers & acquisitions and expansions, apart from building partnerships and product development to gain momentum in the market.
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Vertical Insights
The healthcare & life sciences segment is expected to witness the fastest growth from 2017 to 2025. Leading technology industry players are aggressively investing in resources for acquiring a greater share in the IoT healthcare market. IoT enables data storage, analysis, and recording. It further helps in reducing healthcare operational costs and errors. Moreover, rising competition is motivating businesses to cater to the analytics of things to gain a competitive edge in the market.
The manufacturing segment is expected to observe substantial growth in the upcoming years. Several enterprises in the heavy machinery & construction, industrial machinery, oil & gas, and transportation & logistics sectors are using analytics of things for optimum utilization of assets. Manufacturing companies largely prefer cloud-based solutions like predictive maintenance results. IoT analytics provide better manufacturing processes and link products, people, and machines to an integrated system. Manufacturers provide ease in monitoring data insights deployed by analytics of things.
Regional Insights
North America held the dominant position in the market in 2016 due to the presence of established players like Amazon Web Services, Inc. (AWS); Hewlett Packard Enterprise Development LP; Google; Cisco Systems, Inc.; Hitachi, Ltd.; and others. Advance adoption of innovative technologies in different sectors like transportation & logistics, manufacturing, and healthcare & life sciences is positively impacting the regional market.
The demand for analytics of things in the North American regions is expected to increase due to the penetration of mobile computing, social media, and IoT devices. Countries like China, Japan, and India are emerging as developing countries in the Asia Pacific. The adoption of social media & the internet in these countries is rising thereby, boosting the market in the near future.
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Plant Cell Culture Equipment Market Regional Outlook, End Users and Impact of COVID-19, 2025
The global plant cell culture equipment market size is expected to value at USD 1.05 billion by 2025, according to a new report by Million Insights. The overall market is expected to grow at a CAGR of 13.1% throughout the projected years. The need for transgenic crops is increasing due to several advantages provided by these crops like improvement in the productivity, quality, and yield and the creation of insect-resistant cultivators for crops. The genomes of transgenic plants are modified with genetic engineering methods to produce new traits or species to the plant. Lodging an integration of genes in a crop makes it highly productive.
Moreover, transgenic plants are produced to fulfill the particular requirements of the pharmaceutical industry. The evolution of different genetic engineering methods is anticipated to boost the market in the near future. Plant cell culture equipment is a lucrative renewable source of vital medicinal compounds, fragrances, flavors, and colorants; which are hard to be developed by microbial cells or chemical synthesis. Plant cell culture technology allows the manufacturing of crops that provide better yield along with resistance to pathogens and severe weather conditions. Furthermore, this technology can be adopted for offering a constant and reliable source of plant pharmaceuticals.
Market Share Insights
The key players in the market include Tecan Group Ltd.; Thermo Fisher Scientific, Inc.; LGC Limited; Geneq, Inc.; Conviron; and LabRepCo. Strategic partnerships and innovative product manufacturing processes are done by these players are driving the market growth. For example, Greiner Bio-One International GmbH, in February 2017, introduced an innovative product namely CELLdisc for heavy cell culture. It is an instrument that abides cell culture surfaces ranging between 1,000 cm2 up to 1 m2.
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End-use Insights
The laboratory segment held dominance in the global plant cell culture equipment market in 2017 owing to the presence of numerous research laboratories using cell culture methods to study various fundamental and applied properties of higher plants.
The greenhouse division is expected to register the highest CAGR from 2018 to 2025. A greenhouse is mainly incorporated with air filter equipment, illumination controller, temperature & humidity controller, and computer control system.
Application Insights
The breeding segment held the largest share in 2017 due to the number of techniques developed for plant breeding that use plant cell structures to restore plants. Plant cell culture provides various benefits in plant breeding. Furthermore, it helps to increase the nutritional content, improve resistance against pests, abiotic stresses like drought and cold, and diseases. The plant research segment is expected to register the highest CAGR over the forecast period due to the presence of numerous government-backed biotechnological research and study activities in emerging economies.
Regional Insights
North America is expected to account for the largest share while Asia Pacific is expected to register the highest CAGR from 2018 to 2025. Due to the presence of natural resources, Canada has been an eminent player for a long time in the agricultural sector with its aggressive investments in research and development activities. This has led to Canada’s large network of universities and research centers engaged in agtech research. For example, New Energy Farms, a Canada-based organization, in 2014, entered into a licensing agreement with Syngenta, a Switzerland-based firm for the commercialization of the planting methods in Brazil.
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Temporary Labor Market Impact of COVID-19, Product and Development Study, 2025
The global temporary labor market size is projected to touch USD 673.43 billion by 2025, according to a new report by Million Insights. The market is projected to register a CAGR of 6.4% over the forecast duration. The need to employ extra labors in additional projects during peak working periods are supplementing the market demand.
With the evolution of various technologies such as Virtual Reality (VR) and Augmented Reality (AR), the demand for skilled labor has increased significantly. Small and large enterprises are hiring temporary employees to reduce the cost of the projects and increase the efficiency of their operations.
Further, governments across the globe are introducing various programs such as smart cities construction, healthcare schemes and others. Additionally, countries are also introducing programs for guest workers where workers from other countries work in host countries. For example, H-2B and H-2A programs in the U.S allow owners of the farms to bring workers for different tasks including agricultural and non-agricultural.
Market Share Insights
Major players in the market include Allegis Group, ManpowerGroup Inc., Robert Half International Inc. Westaff, Hays plc, Randstad N.V, Kelly Services, Inc., Persol Holdings Co. Ltd and Adecco. These players are engaged in designing new products and services with an aim to get a competitive edge in the market. For example, ManpowerGroup Inc. launched IntelliReach, which will digitalize management tools.
Further, players are emphasizing mergers and acquisitions to strengthen their dominance in the market. For example, Adecco, in September 2017, acquired Biobridge LLC to expand its base in professional staffing offerings in the field of medical devices, pharmaceuticals, and biotechnology.
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Regional Insights
In 2018, Europe occupied the largest market share by value and accounted for USD 149.61 billion. The rise in the number of temporary workforce in manufacturing sectors including automobiles is proliferating the growth in the region. Further, the demand for temporary labor is projected to grow with an increasing number of enterprises in Europe.
On the other hand, Asia Pacific is predicted to grow at a steady rate over the next few years. The introduction of several healthcare programs by governments is anticipated to fuel the demand for temporary healthcare workers in the region. For example, the Indian government has introduced different healthcare programs such as Pradhan Mantri Swasthya Suraksha Yojana (PMSSY), National Aids Control Program, and National Vector Borne Disease Control Program (NVBDCP). Such schemes are projected to create the need for temporary laborers, thereby, attributing to the growth of the market.
COVID-19 Impact Insights
The temporary labor market has witnessed a mixed response owing to the outbreak of COVID-19. The pandemic has led to the closure of various activities including manufacturing, mining, and construction among others. The social distancing norms and growing focus on curbing the COVID-19 spread have led to labor migration, consequently, affecting the market growth.
However, with the systematic reopening of economies, the demand for temporary labor is rising owing to their easy and cost-effective procurement. The significant drop in the temporary labor requirement has caused unemployment both skilled and unskilled labor, this makes the availability of labor easy.
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Dehydrated Garlic Market Trends, Capacity, Production and Impact of COVID-19, 2025
The global dehydrated garlic market is projected to reach USD 2.9 billion by 2025 and anticipated to grow at a CAGR of 3.3%, over the forecast period, from 2019 to 2025 according to Million Insights. The market growth is majorly driven due to the increasing health awareness of dehydrated garlic among consumers. This product improves the cholesterol level that reduces the risk of heart diseases and improve immunity. Furthermore, the increasing popularity of garlic in broth and soups in restaurants, as it helps to improve the kidney function, is anticipated to fuel the market growth over the forecast period.
Easy availability, different varieties, high consumption in cuisines with affordable prices is projected to witness favorable growth of the market. The hassle-free delivery coupled with several discounts is influencing the online sales channel growth. After roasting, garlic has softened flavors such as delicate, balanced, and nutty flavors. Hence, it is widely used in sauces, pickles, stir-fries, and more dishes. It complements chili, basil, ginger, onion, beans, and seafood.
Market Share Insights
The major companies include in the market are Ganesh Dehy Foods, Apple Food Industries, SHANDONG YUMMY Food Ingredients CO., LTD., AsianFood Export, Jiyan Food Ingredients, Garlico Industries Ltd., Harsh Impex, KOHINOOR FOOD INDUSTRIES, Nature Exports Co., and Natural Agro Food. This market is projectedto have moderate entry barriers that could create high attention of SMBs in India and China. Rising demand for natural and organic products with various offers on dehydrated garlic is driving intense competition among manufacturers.
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Distribution Channel Insights
In terms of volume and revenue, the offline segment accounted for the largest market share, in 2018. This largest market share is attributed to the easy availability of dehydrated garlic at stores and most of the consumers are dependent on supermarkets for the supply of dehydrated garlic. The physical verification and easy availability of a wide range of forms directly affect the purchasing decisions of buyers. Moreover, many consumers rely on the manual network rather than online platforms. Thus, the above factors are expected to drive the segment growth over the forecast period.
The online sales channel is projected to grow with a higher CAGR of over 3.0% in terms of revenue over the forecast period, 2019 to 2025. The increasing popularity of e-shopping, e-retailing among millennials is anticipated to open new avenues for this segment. Moreover, the huge assortment of several forms of dehydrated garlic is possible through the online channel. E-retailers such as Indiamart and Alibaba are the leading players for the market growth. Negotiation of price and assortment of vendors is a key advantage of online channels, thereby expected to have potential growth over the forecast period.
Regional Insights
In 2018, Asia Pacific held the largest market share of 35.0% in terms of volume due to the high intake of garlic as the main ingredient in Chinese and Indian cuisine. The application of dehydrated garlic enhances the taste of the dish. This product has several health benefits such as maintains the health of the lungs, stomach, and spleen. The thioallyl ingredient in garlic acts as an elixir, leading to longevity. In addition, Chinese herbal physicians used it to treat platelet clumping, protect from cancer, heart diseases and help to improve overall immunity.
Impact of COVID-19
The outbreak of COVID-19 has witnessed a significant impact on dehydrated garlic market growth. Lockdowns in several countries have led to a shortage of food and vegetables owing to restrictions for border crosses by governments. It has been observed that people have changed their eating habits and lifestyles. Therefore, the demand for essential commodities and spices including fresh/dehydrated garlic has increased. Moreover, growing awareness regarding the health benefits of dehydrated garlic among people has increased demand globally. Dehydrated garlic is majorly produced in emerging economies such as China and India. Thus, several countries like U.S., Australia, Egypt, Israel, and among some other countries are importing spices including dehydrated garlic from India due to supply chain disruption in China during a pandemic.
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Fish Sauce Market Business Environment Analysis, Industry Opportunities & Challenges, 2025
The global Fish Sauce Market scope was projected at US$ 15.32 billion in 2018. It is expected to reach US$ 19.50 billion by 2025 with a CAGR of 3.51% during the forecast period. This could be attributed to an extensive demand for fish sauce in the form of condiments in various cuisines. Industry manufacturing on the part of fish sauce implies combining fish essence, coloring, preservatives, flavoring, and sweeteners. Vietnam is the largest consumer of fish sauce due to the fact that the Vietnamese believe in the nutritional value of conventionally made fish sauces. These sauces are reported to have nitrogen at the highest level. The second-largest consumer of fish sauce in China. It is an ingredient for soups and casseroles in Southern China.
Players:
The players contributing to the fish sauce market include Teo Tak Seng Fish-Sauce Factory Co. Ltd., Rungroj Fish Sauce Co. Ltd., Thaipreeda Group, TANG SANG HAH Co. Ltd., Fish Marine Resources Development Co. Ltd., Viet Phu, Inc., Rayong Fish Sauce Industry Co. Ltd., Pichai Fish Sauce Co. Ltd., and Halcyon Proteins Pty. Ltd.
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Market Segmentation:
The fish sauce market is segmented on the basis of product, application, distribution channel, price, and geography. By product, the segmentation goes like Southeast Asian, Japanese, Korean, and Western. By price, the market says premium and basic. By application, the fish sauce industry spans domestic use, food industries, restaurants, and others. By distribution channel, it comprises indirect sales and direct sales. Indirect sales could be further segmented into wholesalers, specialty stores, supermarkets, hypermarkets, online retailers, convenience stores, and others. By geography, it constitutes Asia Pacific, MEA, LATAM, Europe, and North America.
Regional Insights:
The Asia Pacific dominates the market due to the reasons mentioned above. Besides, a rise in disposable income coupled with urbanization catalyzes the market. In North America, the U.S. is the major contributor. Europe is witnessing growth in demand for dietary supplements and functional foods. This factor is expected to hold the hopes strong for Europe.
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Biosimilars Market Retail Channel Analysis, Profit Margin Study and Competitive Rivalry, 2025
The scope of the global Biosimilars Market was appreciated by US$ 4.36 billion in 2016. It is projected to touch US$ 61.47 billion by the completion of 2025. It is likely to increase at a CAGR of 34.2% during the period of forecast. The most important biological medicines are upcoming the patent precipice. This is the greatest noteworthy motivating feature for the market. For example, Roche’s Mab Thera/Rituxan (rituximab), a monoclonal antibody biologic was accepted by the U.S. Food &Drug Administration (FDA) during November 1997, and its patent was taken in the U.S.A, terminated in September 2016. Several companies for example Pfizer, Amgen, and Boehringer Ingelheim are concentrating on the development of biosimilars medication of rituximab.
Biosimilars are extremely matching to accepted biological medicines. They have alike medicinal possessions using the effectiveness, safety, and potency of original biologic goods. Greater occurrence of long-lasting illnesses for example anemia, cancer, lack of development hormone, and diabetes, is likely to additionally power the growth of the market during the upcoming period.
Classification:
The global biosimilars market can be classified by Application, Product, and Region. By Application, it can be classified as Growth Hormonal Deficit, Oncology, Chronic and Autoimmune Complaints, Blood Disorders, and others. By Product, it can be classified as Recombinant Glycosylated Proteins, Recombinant Non-Glycosylated Proteins.
Companies:
Some of the important companies for the biosimilars market are Mylan N.V., Samsung Bioepis, Teva Pharmaceutical Industries Ltd., Sandoz International GmbH, Amgen Inc., Biocon, Pfizer Inc., Dr. Reddy’s Laboratories Ltd., and F. Hoffmann-La Roche Ltd.
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Drivers:
The price efficiency of biosimilars medicines and the greater occurrence of long-lasting complaints all over the world are round about the most important reasons for funding to the development of the market.
Entire prices of healthcare have augmented owing to the greater costs of patented medicinal preparations, particularly biologics. The administrations of numerous nation-states are stressing the creation of price-operative medication. The U.S.A. is well-known as the nation having the maximum health expenses. It has newly put stress on decreasing the expenses on healthcare. In the same way, price guidelines in Japan and the abridged budget of healthcare in India, have elevated the demands for price repression. This fetches the necessity for developing reasonably priced, better-quality, effective and new-fangled treatments. Hence, hard work to bring down healthcare payments is expected to increase the biosimilar market.
Restraints:
Strict rules by the government for the development and manufacture of biosimilars could hamper the development of the biosimilars industry. Precise strategies are delivered by numerous governing establishments to uphold the care profile and efficiency of planned medications. Dissimilar controlling organizations comprising China Food & Drug Administration, European Medicines Agency, U.S. Food & Drug Administration (FDA), have varied guidelines for endorsements of the medication. The existence of diverse guidelines makes the endorsement procedure of biosimilar medicine extremely time-consuming and tiresome.
Regional Lookout:
By Region, the global biosimilar industry can be classified as North America, Europe, Asia Pacific, and the Rest of the World (RoW). Due to the existence of definite controlling background for biosimilars and the most important biopharmaceutical companies for example GlaxoSmithKline, Merck, AstraZeneca, Johnson & Johnson, Sanofi, Pfizer, and Novartis, Europe has retained the biggest share of the market using an income. Additionally, the finely honed structure of healthcare and an increasing number of product presentations have powered the development of the local market.
Europe was tracked by the Asia Pacific. It was responsible for the most important share of the market during 2016. Increasing demand for less costly healing products and greater occurrence of long-lasting illnesses in the Asia Pacific are backing the development of the local market. Growing concentration on the developments of the product in the nation-states comprising South Korea, India, and China is an additional foremost reason that motivates the market.
North America is estimated to witness a greater CAGR for the duration of the forecast, owing to increasing efforts from the companies to tap development openings in Canada and the U.S.A. The biosimilar controlling path of the U.S.A. was shaped in March 2009, and ever since and there the area has increased substantial momentum, giving fresh openings and challenges. In March 2015, the Food & Drug Administration (FDA) of the U.S.A. permitted the first biosimilar product, Zarxio (filgrastim-sndz).
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