Green Coatings Market to witness at 4.7% CAGR over 2021-2030 | Application, Size, Share, Growth, Key Players, Drivers, Forecast Report 

Global Green coatings market is anticipated to exceed $104.0 billion by 2030 and to grow at 4.3% CAGR from 2021 to 2030. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.  

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By region, the market across Europe, followed by Asia-Pacific and North America, had the lion’s share in 2020, generating nearly one-third of the global green coatings market. This is attributed to the government regulations toward limiting the usage of VOCs in the painting segment due to health and environmental risks caused because of the formation of aerosol. The Asia-Pacific region, on the other hand, is projected to portray the fastest CAGR of 5.2% by 2030. 

According to the report, By application, the architectural coatings segment accounted for the major share in 2020, holding more than two-fifths of the global green coatings market. The same segment is also expected to grow at the fastest CAGR of 4.7% from 2021 to 2030. This is owing to the growth in building & construction industry, along with the policies of environment agencies to keep them eco-friendly.  

Advantages of green coatings in the construction industry and high-end developments in the sector drive the growth of the global green coatings market. On the other hand, certain disadvantages associated with waterborne coatings in the building industry impede the growth to some extent. However, emergence of effective solutions for waste management and increasing use of waterborne coatings promoted by government in the APAC region are anticipated to pave the way for lucrative opportunities in the industry. 

By type, the waterborne coatings segment contributed to the major share in 2020, holding more than three-fourths of the global green coatings market. The radiation cure coatings segment, however, would cite the fastest CAGR of 6.4% during the forecast period, due to the increasing research and development activities in the sector. 

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Covid-19 scenario – 

1. The outbreak of the pandemic gave way to closure of most of the constructional units and the majority of activities in the construction industry were delayed or postponed, especially during the initial phase. This, in turn, led to a steep decline in demand for green coatings that are used as protective and decorative paints on walls, roofs, panels, windows, door frames, and interior extrusions. This factor impacted the global green coatings market negatively. 
2. Nevertheless, the market is projected to get back on track soon. 

Key players in the industry – 

1. Arkema Group 
2. Asian Paints Limited 
3. Axalta Coating Systems Ltd. 
4. Akzo Nobel N.V. 
5. PPG Industries 
6. Lifetime Green Coatings 
7. The Sherwin-Williams Company 
8. BASF SE 
9. Berger Paints India Limited 
10. Jotun A/S 

Similar Report: 

Epoxy Coatings Market 
Pigments Market 

South East Asia and Australia Green Building Materials Market 

Green Building Materials Market 

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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

High Dynamic Range Market Value to Forecast USD 126.74 Billion by 2030

As per the report, the global high dynamic range market was accounted for $13.76 billion in 2020, and is expected to reach $126.74 billion by 2030, growing at a CAGR of 25.1% from 2021 to 2030.

High potential for digital photography, surge in penetration of smartphones, and ongoing demand for large screen displays with high resolutions have boosted the growth of the global high dynamic range market. However, rise in need for considerably higher bandwidth for broadcasting high dynamic range content hinders the market growth. On the contrary, advent of new high dynamic range-compatible devices and surge in on-demand content delivery services are expected to unlock new opportunities for the market players in the future.

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The HDR 10+ segment held the largest share

By type, the HDR 10+ segment held the largest share in 2020, accounting for more than one-third of the global high dynamic range market, as it uses dynamic metadata rather than static, making the picture look more realistic. However, the Dolby vision segment is expected to register the highest CAGR of 28.2% during the forecast period, as it offers several advantages over HDR formats.

The entertainment segment dominated the market

By application, the entertainment segment held the lion’s share in 2020, contributing to nearly half of the global high dynamic range industry. However, the video streaming segment is estimated to manifest the highest CAGR of 27.1% from 2021 to 2030, due to rise in demand for high dynamic range video streaming as it offers higher contrast and precise & detailed shadows with more clarity.

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North America held the largest share

By region, the market across North America dominated in 2020, holding around two-fifths of the market, due to strong presence of successful camera brands and manufacturers in the region. However, the global high dynamic range market across Asia-Pacific is projected to portray the highest CAGR of 28.1% during the forecast period, owing to surge in demand from gaming, media, and entertainment industries.

Major market players –

  • Apple, Inc.
  • Canon
  • Nikon Corporation
  • Samsung Electronics Co., Ltd.
  • LG Display Co., Ltd.
  • Omnivision Technologies
  • Olympus Corp.
  • Sony Corporation
  • Fujifilm Holding Corporation
  • Casio Computer Co., Ltd

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Key Findings of the Study –

  • By type, in 2020 the HDR 10+ dominated the High dynamic range market size. However, the Dolby vision segment is expected to exhibit significant growth during high dynamic range market forecast period.
  • Depending on product type, the capturing devices generated the highest revenue in 2020. However, the display devices segment is expected to exhibit significant growth during the forecast period.
  • Region wise, the high dynamic range industry was dominated by North America region. However, Asia-Pacific is expected to witness significant growth in the upcoming years.

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Mobile Analytics Market Key Growth Factors and Opportunity Analysis by 2031

Increase in penetration of smartphones, growth in demand to receive new and actionable insight on buyers’ preferences have boosted the growth of the global Mobile Analytics Market. However, surge in mobile advertising and emergence of data analytics and big data have supplemented the market growth. However, dearth of awareness regarding benefits of mobile analytics and growth in privacy concerns hinder the market growth.

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Based on application, the mobile advertisement and marketing analytics segment held the highest market share in 2021, accounting for nearly half of the global mobile analytics market, and is expected to maintain its lead position during the forecast period. Mobile advertising and marketing analytics via mobile ads and web are the most evolving and rapidly developing digital marketing channel, which fuels the growth of the segment.

By industry vertical, the retail & e-commerce segment held the largest share in 2021, accounting for nearly one-fourth of the global mobile analytics industry. Website and e-commerce trackers can collect data about the product their users browse and buy which helps increase efficiency across the supply chain. However, the travel & hospitality segment is expected to register the highest CAGR of 23.2% during the forecast period.

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Based offering, the solution segment contributed to the highest market share in 2021, contributing to more than two-thirds of the global mobile analytics market, and is estimated to maintain its leadership status during the forecast period. This is due to growing demand for advanced analytics and business intelligence tools along with increase in need for real-time business insights to make fastest business decisions. However, the service segment is projected to witness the largest CAGR of 21.8% from 2022 to 2031. 

By enterprise size, the large enterprises segment is expected to register the highest CAGR of 21.3% during the forecast period, due to rise in smartphone and internet penetration along with emergence of disruptive digital technologies such as IoT and data analytics. However, the SMEs segment held the largest share in 2021, accounting for more than two-thirds of the global mobile analytics market. Adoption of mobile analytics solutions helps SMEs integrate with the global market by helping them gain better and faster business insights to support real-time decision-making and capitalize on future opportunities.

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Based on region, global mobile analytics market across North America contributed to the highest share in terms of revenue in 2021, accounting for nearly two-fifths of the market, and is expected to maintain its dominance in terms of revenue by 2031. This is due to adoption of mobile analytics by the retail industry to streamline work processes.

However, market across Asia-Pacific is projected to manifest the fastest CAGR of 21.4% during the forecast period. This is owing to numerous economic and process benefits such as real-time data analytics and data analytics and rise in demand for smartphones and other connected devices as well as surge in need for internet access.

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Covid-19 Scenario:

  • With the outbreak of the pandemic, several companies adopted work from home culture, which heightened the demand for cloud-based solutions and SaaS-based model. This positively affected the market.
  • Mobile analytics and automation helped minimize dependency on staff availability, which supported business resilience and remote working.

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Similar Report:

  1. Crowd Analytics Market

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Vertical Farming Market 2022 Strategies, Key Players Analysis and Forecast 2030

As per the report by Allied Market Research, Titled ”Vertical Farming Market by Structure (Building-based Structure and Container-based Structure), Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics), and Component (Irrigation Component, Lighting, Sensor, Climate Control, Building Material, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030”.

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The research provides comprehensive analysis of drivers, restraints, and opportunities of the global vertical farming market. These insights are valuable in identifying driving factors, emphasize on them, and implement strategies to help achieve a sustainable growth. Furthermore, market players, investors, and startups can utilize this information to determine new opportunities, explore the market potential, and gain a competitive edge.

Key Market Segments Includes:

• By Structure
o Building-based Vertical Farms
o Container-based Vertical Farms

• BY Growth mechnism
o Hydroponics
o Aeroponics
o Aquaponics

• By Component
o Irrigation Component
o Lighting
o Sensor
o Climate Control
o Building Material
o Glass greenhouse
o Plastic greenhouse
o Others

Based on growth mechanism, the hydroponics segment accounted for the highest share in 2020, contributing to more than two-fifths of the global vertical farming market, and is expected to continue its lead in terms of revenue during the forecast period. This is attributed to ongoing developments that cater to casual indoor growers. However, the aeroponics segment is estimated to portray the fastest CAGR of 24.0% from 2021 to 2030, owing to its environment-friendly nature, high yield of crops, and high investments from key players.

The vertical farming market is analyzed on the basis of geographical penetration along with a study of market influence in the various regions such as North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

The global vertical farming market report includes a detailed study of major market players such as 4D Bios Inc., AeroFarms, Agrilution, AMHYDRO (American Hydroponics), Everlight Electronics Co., Ltd., Hort Americas, Illumitex Inc., Koninklijke Philips N.V., Urban Crop Solutions, and Sky Greens along with inclusive information on their company description, market share, key developments, and financial breakdown. The competitive analysis of these companies offers a business overview along with a portfolio analysis of their services and products. These market players have adopted several business strategies such as mergers & acquisitions, joint ventures, new product launches, and collaborations to maintain their foothold in the market.

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The report offers a comprehensive analysis of the dynamic driving and restraining factors, along with the study of major challenges and lucrative opportunities. Furthermore, the report provides a SWOT analysis that aids to gain the driving and restraining factors in the industry. The report highlights market segmentation and the study of prime market players. Furthermore, the report includes an in-depth analysis of the Covid-19 outbreak impact on the global vertical farming market. The global vertical farming market report offers a brief overview of the market and highlights the market definition and scope.  

Key Offering of the Report:

  1. Major driving factors: A detailed study of determinants of the market factors, forthcoming opportunities, and challenges.
  2. Current market trends & forecasts: An in-depth analysis of the market including recent market trends and forecasts for the next few years that help to make an informed decision.
  3. Segmental Analysis: A detailed study of each segment along with driving factors and growth rate analysis of each segment.
  4. Geographical analysis: Insightful study of the market across various regions that enable market players to benefit from the market opportunities.
  5. Competitive landscape: A detailed study of major market players that are active in the vertical farming market.

Final Report will add the analysis of the impact of COVID-19 on this industry.

Vertical farming market Research Report includes an outline of the industry based on major parameters including market size, sales, sales analysis and key drivers. The market size is expected to grow on a large scale during the forecast period (2021-2027). This report also offers the latest impacts of COVID-19 on the market. The outbreak of the pandemic has affected numerous aspects of life across the globe. This, in turn, has urged the markets to adopt new norms, trends, and strategies. Essentially, the research report intends to provide a view of initial and future assessments of the market.

The report includes a comprehensive analysis of the impact of the Covid-19 pandemic on the industry. The prolonged lockdown across the market and strict regulations on international trade have a major impact on the global vertical farming market. The Covid-19 pandemic led to the disruption of the supply chain and value. In addition, the Covid-19 pandemic resulted in increased prices of raw materials and led to a shortage of skilled workforce. The vertical farming market report offers consumer preferences, trends, and budget impact on the market due to the Covid-19 pandemic.

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The adoption of vertical farming market is increasing considerably in recent years owing to its usefulness and effectiveness. With rapid technological advancements, the application areas of vertical farming market are expanding to various domains. The research offers a comprehensive analysis of drivers, restraints, and opportunities of the global vertical farming market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Contract Packaging Market Growing at a CAGR of 6.9% Forecast to 2031

The Contract Packaging Market size was valued at $52.1 billion in 2021, and is estimated to reach $102.8 billion by 2031, growing at a CAGR of 6.9% from 2022 to 2031. 

Top Companies

The key players profiled in the contract packaging market forecast report include Aaron Thomas Company Inc., AmeriPac Inc., Assemblies Unlimited Inc., Co-Pak Packaging, Assured Edge Solutions, Deufol, DHL, Hollingsworth, Green Packaging Asia, Jones Packaging, Kelly Products Inc., Sharp Packaging, Sonic Packaging Industries, Stamar Packaging, Sterling Contract Packaging Inc., Silgan Holdings Inc., and Wepackit Inc.

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Commonly observed types of packaging offered by contract packaging firms are primary, secondary, and tertiary. Among these, the primary segment accounted for the largest contract packaging market share share in 2021, owing to surge in global trade. The market is analyzed with respect to different materials used for manufacturing packaging such as, plastic, glass, metal, and paper paperboard. The market is mainly driven by rise in e-commerce and manufacturing sector. However, negative impacts of packaging materials constraints the contract packaging market growth.

In 2021, Asia-Pacific dominated the global contract packaging market, in terms of revenue, followed by North America and Europe. Moreover, the market in Asia-Pacific has grown with a high CAGR, owing to growth in use of contract packaging for pharmaceutical and consumer goods industry.

The advancements in packaging materials that have enabled the packaging to be more eco-friendly have increased their usability in many sectors, especially in food processing sector. Moreover, advancements in IT sector have also opened new opportunities for the contract packers and manufacturers to schedule their work more efficiently.

Furthermore, on the basis of end users, the food beverage is anticipated to grow rapidly, during the forecast period, owing to introduction of eco-friendly packaging and rise in sales via e-commerce.

Furthermore, co-packers have adopted various strategies to enhance their position in the market and sustain the harsh competition. For instance, in January 2022, Sharp Services, LLC., a global provider of contract packaging and clinical supply services, opened a production facility in Heerenveen, The Netherlands. This new facility is established in order to facilitate packaging, storage and distribution of gene therapies.

However, during the pandemic lockdown, various service providers of contract packaging had to stop their business in countries such as China, the U.S., and India. This break directly impacted their sales. In addition, lack of manpower and raw materials, constricted supply of raw materials for packaging; and negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.

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Oil Shale Market to Witness Exponential Growth by 2030

Oil shale is an organic-rich rock, which contains a solid mixture of organic chemical compounds known as kerosene. From these organic compounds, liquid hydrocarbons, such as shale oil, are produced. Oil shale is a substitute for conventional crude oil and is increasingly used, owing to its low cost of extraction. As per the 2016 estimate, the global deposits of the total world resources of oil shale are equivalent to 6.05 trillion barrels of oil. Industries utilize oil shale as a fuel for thermal power plants to drive steam turbines. In addition, oil shale serves in the production of specialty carbon fibers, carbon black, adsorbent carbons, resins, phenols, tanning agents, road bitumen, and soil additives. The growth in the use of oil shale across various industries drives the oil shale market.

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As the demand for energy continues to grow, the oil & energy sector is anticipated to keep looking for alternative ways to produce energy. One such alternative way is oil shale however, rising awareness about the environment elevates the new methods of exploring fuel and the process of oil shale is also more flexible than traditional methods of oil extraction, however, the flexibility of the extraction method may act as the major driving factor for the oil shale market growth.

The oil shale market is segmented on the basis of product, technology, process, application, and region. Depending on the product, the market is categorized into shale gasoline, shale diesel, kerosene, and others. On the basis of technology, it is classified into in-situ technology and ex-situ technology. By process, it is categorized into oil shale exploration, ore preparation, oil shale retortion, and shale oil refining & specialty services. On the basis of application, it is divided into fuel, electricity, and cement & chemicals. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The global oil shale market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Southwestern Energy Company, EQT Corporation, Equinor ASA, Repsol SA, SINOPEC/Shs, Chesapeake Energy Corporation, Royal Dutch Shell PLC, Exxon Mobil Corporation, Chevron Corporation, and PETROCHINA/Shs.

The global oil shale industry is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2020–2030. The report includes a study of the market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.

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Key findings of the study

  • On the basis of product, the shale gasoline segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
  • Depending on the technology, the in-situ segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
  • According to the process, the oil shale exploration segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
  • As per application, the fuel segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
  • Region-wise, North America registered the highest market share and is projected to maintain the same during the forecast period

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Digital Printing Packaging Market Size to Reach 9.1% of CAGR Forecast by 2031

The Digital Printing Packaging Market size was valued at $20.6 billion in 2021, and is estimated to reach $49.9 billion by 2031, growing at a CAGR of 9.1% from 2022 to 2031. Digital printing is an improved technique compared to traditional printing techniques. Traditional printing techniques include flexo and litho process techniques. Unlike traditional printing techniques, digital printing techniques do not require replacement of printing plates. Therefore, printing efficiency is high and machine cost is reduced.

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The prints on the product packaging is an important factor for any business as it attracts more customers to buy its products. The information on the packaging must be clearly visible to the customer so that they get the correct product information. Since digital printing technology gives good printing quality on packaging, it is widely used in all industries. Many manufacturers use detailed labels, different packaging techniques, recyclable materials and different colors to advertise their products. If the quality of the packaging is premium, it indicates that the product must be of high quality, which is very important in creating and maintaining a brand image.

Digital printing offers superior print quality compared to traditional printing techniques. Only one pass is required to print all colors. Digital printing technology allows users to make last-minute changes before printing. Digitally printed packages are considered an environmentally friendly printing process as they do not require water, photographic chemicals, or prepress. Demand for digital packaging for packaging is increasing in various industries such as cosmetics, pharmaceuticals, food / beverage, electrical / electronic, etc. These factors are driving the digital printing packaging market.

Variations in raw material costs have had a negative influence on the printing industry’s profitability. High maintenance costs and the need for a competent operator are some limiting factors in the growth of the digital printing packaging industry.

In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering the digital printing packaging market growth. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities.

When compared to traditional printing methods, digital printers are more efficient and deliver superior printing quality. As a result, throughout the projected period, demand for digital printing packaging is predicted to grow. Furthermore, the cheap operational cost of digital printing attracts a large number of clients, driving the digital printing packaging market.

The digital printing packaging market is segmented on the basis of packaging type, printing technology, end-use industry, and region. By packaging type, the market is divided into corrugated packaging, folding cartons, flexible packaging and labels. By printing technology, the market is segmented into inkjet printing and electrophotography printing. By end-use industry, the market is segmented into food & beverage, pharmaceuticals, electronics, personal care & cosmetics and others. By region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

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Elevator Modernization Market Size to Garner 9.4% Of CAGR Forecast by 2030

The Elevator Modernization Market size was valued at $7.8 billion in 2020, and is projected to reach $20.0 billion by 2030, registering a CAGR of 9.4% from 2021 to 2030.

Depending on elevator type, the market is divided into traction and hydraulic. Among these, the traction segment accounted for the highest market share in 2020 and it is expected to witness significant elevator modernization market growth during the forecast period, owing to increased modernization activities in residential and commercial buildings. By application, it is classified into residential, commercial, and industrial. The market is mainly driven by rise in demand for modernization solutions from commercial and residential buildings and advancements in elevator technology. However, factors such as unsuitable elevator design and lack of skilled labor hinder the market growth.

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Top Companies

The key players profiled in the market report include Escon Elevators, Fujitec Co. Ltd., Hitachi Ltd., Hyundai Elevator Co., Ltd., KONE Corporation, Mitsubishi Electric Corporation, OTIS Worldwide Corporation, Schindler, TK Elevator, and Toshiba Corporation.

In 2020, Asia-Pacific dominated the global  market, in terms of revenue, accounting for around half the share of the elevator modernization industry, followed by Europe and North America. Moreover, the market in Asia-Pacific is growing with high CAGR, owing to increase in awareness regarding elevator safety and large number of old residential & commercial elevated buildings.

Rise in global population and rapid urbanization have significantly increased the demand for commercial and residential buildings in the last few years. This propelled the demand for escalators, as they enable continuous vertical movement of people. However, elevators consist of a wide range of complex components, thereby creating a demand for frequent maintenance and periodic modernization activities to ensure the safety and efficiency. Furthermore, rise in awareness among building managers regarding importance of elevator modernization positively influences the growth of the market.

Furthermore, on the basis of end user, the commercial segment is anticipated to grow rapidly, with a CAGR of 10.0% during the forecast period, owing to increase in demand for elevator modernization from residential buildings and various initiatives for business expansion adopted by major players in the industry.

For instance, in July 2021, TK Elevator that installs, maintains, and modernizes elevators & escalators, acquired City Elevator, which is a leading provider of elevator service & maintenance in the Metro Vancouver area. With this acquisition, TK Elevator aims to expand its business. In May 2021, TK Elevator acquired Albany Elevator, which is an Albany-based leading provider of modernization, maintenance, repair, and installation services. This acquisition will help TK Elevator to strengthen its foothold in New York.

However, during the pandemic, various players in the elevator modernization market had to stop their business in countries such as China, the U.S., and India. This lockdown directly impacted the sales of elevator modernization companies. In addition, the initial lockdowns significantly reduced maintenance and modernization activities in many developing countries, which negatively impacted the growth of the market. However, resumption of maintenance and modernization activities and introduction of vaccines for coronavirus disease are anticipated to lead to recovery of elevator modernization companies.

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Optical Fiber Market Inclinations & Development Status Highlighted During Forecast Period 2022-2030

As per the report by Allied Market Research, Titled ”Global Optical Fiber Market by Mode (Single Mode and Multi-Mode), Type (Glass Optical Fiber and Plastic Optical Fiber), and Industry Vertical (Telecom & IT, Public Sector, Healthcare, Energy & Utilities, Aerospace & Defense, Manufacturing, and Others): Opportunity Analysis and Industry Forecast, 2018 – 2025”.

The global optical fiber market is expected to witness substantial growth from 2022 to 2031. Rapid technological innovations and increase in demand are the major factors that propel the growth of the market. The optical fiber market study offers an in-depth analysis of the major market trends, driving factors, top 10 market players, and prime investment pockets.

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The optical fiber market report provides a comprehensive study of the market on the basis of various parameters such as sales, market size, sales analysis, and key driving factors. In addition, the report provides Porter’s five forces analysis, SWOT analysis, a business overview of services and products, and portfolio and financial analysis. These statistical tools offer vital information about major market players and aid leverage of lucrative opportunities in the market. The report helps industry players and new industry entrants to formulate fruitful business strategies.

Key Market Segments Includes:

• By Mode
o Single Mode
o Multi-Mode
• By Type
o Glass Optical Fiber
o Plastic Optical Fiber

• By Industry Vertical
o Telecom & It
o Public Sector
o Healthcare
o Energy & Utilities
o Aerospace & Defense
o Manufacturing
o Others

The optical fiber market is analyzed on the basis of geographical penetration along with a study of market influence in the various regions such as North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

The global optical fiber market report includes a detailed study of major market players such as Fujikura Ltd, Corning Inc, Sterlite Technologies Ltd, Furukawa Electric Co. Ltd, The Prysmian Group, Finisar Corporation, Sumitomo Electric Industries Ltd, Nexans S.A, Reflex Photonics, TATA Communications along with inclusive information on their company description, market share, key developments, and financial breakdown. The competitive analysis of these companies offers a business overview along with a portfolio analysis of their services and products. These market players have adopted several business strategies such as mergers & acquisitions, joint ventures, new product launches, and collaborations to maintain their foothold in the market.

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The report offers a comprehensive analysis of the dynamic driving and restraining factors, along with the study of major challenges and lucrative opportunities. Furthermore, the report provides a SWOT analysis that aids to gain the driving and restraining factors in the industry. The report highlights market segmentation and the study of prime market players. Furthermore, the report includes an in-depth analysis of the Covid-19 outbreak impact on the global optical fiber market. The global optical fiber market report offers a brief overview of the market and highlights the market definition and scope.  

Key Offering of the Report:

  1. Major driving factors: A detailed study of determinants of the market factors, forthcoming opportunities, and challenges.
  2. Current market trends & forecasts: An in-depth analysis of the market including recent market trends and forecasts for the next few years that help to make an informed decision.
  3. Segmental Analysis: A detailed study of each segment along with driving factors and growth rate analysis of each segment.
  4. Geographical analysis: Insightful study of the market across various regions that enable market players to benefit from the market opportunities.
  5. Competitive landscape: A detailed study of major market players that are active in the optical fiber market.

Final Report will add the analysis of the impact of COVID-19 on this industry.

Optical fiber market Research Report includes an outline of the industry based on major parameters including market size, sales, sales analysis and key drivers. The market size is expected to grow on a large scale during the forecast period (2021-2027). This report also offers the latest impacts of COVID-19 on the market. The outbreak of the pandemic has affected numerous aspects of life across the globe. This, in turn, has urged the markets to adopt new norms, trends, and strategies. Essentially, the research report intends to provide a view of initial and future assessments of the market.

The report includes a comprehensive analysis of the impact of the Covid-19 pandemic on the industry. The prolonged lockdown across the market and strict regulations on international trade have a major impact on the global optical fiber market. The Covid-19 pandemic led to the disruption of the supply chain and value. In addition, the Covid-19 pandemic resulted in increased prices of raw materials and led to a shortage of skilled workforce. The optical fiber market report offers consumer preferences, trends, and budget impact on the market due to the Covid-19 pandemic.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Social Media Management Market Key Growth Factors and Opportunity Analysis by 2031

Rise in demand for work from home and remote working policies during the period of the COVID-19 pandemic and surge in demand for easily accessible and short forms of entertainment and media drive the growth of the global Social Media Management Market. However, data privacy and sharing challenges on social media management platforms hamper the market growth. On the other hand, the integration of advanced tools such as machine learning and data analytics with social media management solutions suites present new opportunities in the coming years.

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Based on deployment model, the on premise segment contributed to the highest market share in 2021, contributing to more than half of the global market, and is expected to maintain its leadership status during the forecast period. This is due to the security and compliance needs of organizations. However, the cloud segment is projected to witness the largest CAGR of 24.0% from 2022 to 2031, owing to the simplified deployment and operational capabilities of cloud-based social media management solutions.

Based on component, the solution segment contributed to the highest market share in 2021, contributing to nearly three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. This is due to the growing need for effective social media marketing campaigns. However, the service segment is projected to witness the largest CAGR of 24.3% from 2022 to 2031, owing to increase in digital and internet penetration.

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Based on application, the competitive intelligence segment contributed to the highest market share in 2021, contributing to more than one-fourth of the global social media management industry, and is expected to maintain its leadership status during the forecast period. This is due to rise in market competition. However, the risk management and fraud detection segment is projected to witness the largest CAGR of 25.5% from 2022 to 2031, owing to surge in number of fraud cases.

Based on enterprise size, the large enterprises segment contributed to the highest market share in 2021, contributing to around three-fifths of the global market, and is expected to maintain its dominance during the forecast period. This is due to large scale social media engagements of large enterprises. However, the SMEs segment is projected to witness the largest CAGR of 24.1% from 2022 to 2031, owing to increase in technological and digital investments by SMEs.

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Based on region, North America contributed to the highest market share in terms of revenue in 2021, accounting for nearly two-fifths of the global social media management market, and is expected to maintain its dominance in terms of revenue by 2031. This is due to high concentration of social media companies in the region. However, Asia-Pacific is projected to manifest the fastest CAGR of 25.4% during the forecast period.

The key players profiled in the social media management market analysis are Adobe, Brandwatch, Clarabridge, Digimind, Falcon.io, Google, Hootsuite Inc., HubSpot, Inc., IBM Corporation, Khoros, LLC, Meltwater, NetBase Quid, Inc., Oracle Corporation, Salesforce Inc., Sprinklr, Inc., Sprout Social Inc., Talkwalker Inc., Zoho Corporation Pvt. Ltd.

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Covid-19 Scenario

  • The COVID-19 pandemic positively impacted the social media management market due to high implementation of work from home and remote working policies.
  • The period saw increased screen time and online social media presence among consumers, which positively contributed to the market growth.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Similar Report:

  1. Digital Media Production Software Market

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