A Market Place Research – Page 1246

Technical Textile Market | Global Industry Report Based on Product Sales and Growth Rate, Assessment to 2027

Rise in demand for geotextile from developing nations and preference for non-woven technical fabrics propel the growth of the global technical textile market. Asia-Pacific accounted for the largest share in 2019, and will maintain its lead position during the forecast period. The supply chain has been disrupted due to lockdown during the Covid-19 pandemic. This has presented roadblocks to raw material procurement for the chemical industry.

A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.

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The global technical textile market garnered $201.2 billion in 2019, and is expected to reach $274.1 billion by 2027, witnessing a CAGR of 5.1% from 2020 to 2027.

The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.

The synthetic polymer contributed to more than half of the total share of the global technical textile market in 2019, and is estimated to maintain its dominance by 2027. On the other hand, the natural fiber segment is estimated to portray the highest CAGR of 5.9% throughout the forecast period.

The Technical textile market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.

Technical Textile Companies Chovered Market:- Asahi Kasei Corporation, Baltex, Ahlstrom Munksjö, Berkshire Hathaway Inc., Berry Global, Inc., Duvaltex, Freudenberg & Co. KG, GSE Environmental, Dupont De Nemours, Inc. (Dupont), Kama Holdings Limited and Other.

Asia-Pacific accounted for the largest share in 2019, contributing to more than one-third of the total share of the market, and will maintain its lead position during the forecast period. Moreover, this region is estimated to witness the highest CAGR of 5.9% from 2020 to 2027. The report also analyzes regions including North America, Europe, and LAMEA.

Analysis of COVID-19 impact

The outbreak of the pandemic has had a massive impact on the majority of industries and the Technical textile market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Technical textile market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.

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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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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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Fiber Reinforced Composites Market Explore Top Factors That Will Boost the Global Market in Future 2027

Rise in demand from the automotive & aerospace sector and demand from the construction sector drive the global fiber reinforced composites market. The market across Asia-Pacific held the lion’s share in 2019, accounting for around two-fifths of the market. The consumer spending patterns changed during the pandemic and customers delayed purchasing new vehicles to minimize the spending, reducing demand for new automotive.

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The global fiber reinforced composites market was pegged at $84.5 billion in 2019, and is projected to garner $131.6 billion by 2027, growing at a CAGR of 5.9% from 2020 to 2027.

The report helps clients in comprehending the first-handh knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.

The global fiber reinforced composites market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the lion’s share in 2019, accounting for around two-fifths of the market. In addition, the region is anticipated to showcase the highest CAGR of 7.4% during the forecast period.

The Fiber reinforced composites market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.

The thermoset composites segment dominated in 2019, contributing to nearly three-fifths of the market. However, the segment of the thermoplastic composites is projected to register the highest CAGR of 6.3% during the forecast period.

Fiber Reinforced Composites Companies Covered Market:- Hexcel Corporation, Avient Corporation, Plasan Carbon Composites, Mitsubishi Chemical Holdings, SABIC, Rochling Group, Solvay SA, SGL Carbon, TPI Composites Inc., and Toray Industries Inc and Other.

Analysis of COVID-19 impact

The outbreak of the pandemic has had a massive impact on the majority of industries and the Fiber reinforced composites market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Fiber reinforced composites market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.

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Soy Protein Isolate Market | Emerging Analysis, Future Growth and Business Opportunities 2031 | Growing at A CAGR of 4.6%

The “Soy Protein Isolate Market” Size was valued at $2.9 billion in 2021, and is estimated to reach $4.5 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031. Soy proteins are derived from soybean meal, which is defatted and dehulled. Defatted & dehulled soybeans are processed into three types of high-protein commercial products, including soy protein concentrates, soy protein isolates, and soy flours. Vegan diet attracts consumers due to the rise in consumer belief that plant-based protein products have medicinal benefits, such as enhancing immunity power, treating ailments, and mitigating the risk of diabetes, heart attack, and others. Thus, the global health crisis has raised awareness among consumers to opt for vegan diet.

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The infant foods segment offers maximum market potential in the soy protein isolate market, owing to an increase in demand for soy protein isolate across infant foods and readymade and packaged food products. Moreover, the rise in demand for efficient and cost-effective meat alternatives across infants is another key aspect fueling the demand for soy protein isolate across the globe. The use of soy protein isolate in infant foods has witnessed major developments, due to constant growth in per capita disposable income and a rise in demand for soy protein isolate.

Leading Key Players:

AG Processing Inc.

Archer-Daniels-Midland Company

Cargill, Inc.

CHS Inc.

Doves Farm Foods Ltd.

E. I. Du Pont De Nemours and Company (Dupont Nutrition and Health)Kerry Group, Plc.

Kraft Heinz Company

the Kellogg Company

Wilmar International Limited.

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Key findings of the study

By application, the beverages segment is anticipated to be the fastest growing segment during the Soy Protein Isolate Market Forecast period with the CAGR of 6.6%.
On the basis of form, the organic segment is anticipated to grow with a fastest CAGR during the forecast period with the CAGR of 6.2%.
On the basis of end user, the residential segment is likely to be the fastest growing segment during the forecast period with the CAGR of 5.2%.

Related Reports:

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Energy Supplement market

Nutraceutical Ingredients Market

Hemp Tea 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.

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Sterility Indicators Market to Reach $2.59 Billion by 2031: Says Allied Market Research

According to the report published by Allied Market Research, the global Sterility Indicators Market was estimated at $879.3 million in 2021 and is expected to hit $2.59 billion by 2031, registering a CAGR of 11.5% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market. The report is exclusively meant to help the readers with a comprehensive valuation of industry analysis and trends.

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Covid-19 scenario-

Rise in the number of R&D activities increased the number of sterilization procedures in biotechnology and pharmaceutical companies, which impacted the global sterility indicators market positively.
Increase in production of drugs boosted the market growth even more.

The global sterility indicators market is analyzed across type, sterilization process, end-user, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

Based on type, the chemical indicators segment accounted for more than three-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The biological indicators segment, simultaneously, would cite the fastest CAGR of 11.8% throughout the forecast period.

Based on sterilization process, the steam segment garnered around two-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The same segment would also project the fastest CAGR of 12.1% throughout the forecast period.

Based on end user, the pharmaceutical companies and medical device companies segment garnered more than three-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The hospitals segment, nonetheless, would project the fastest CAGR of 12.0% throughout the forecast period.

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Based on region, the market across North America generated nearly two-fifths of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, however, would showcase the fastest CAGR of 12.3% during the forecast period. The other regions studied in the report include LAMEA and Europe.

The key market players analyzed in the global sterility indicators market report include Fortive Corporation, Matachana Group, Cardinal, Crosstex International Inc., 3M Company, Getinge AB, STERIS plc., gke-GmbH, MMM Group, Hu-Friedy Mfg. Co., LLC, Mesa Labs, Inc., Anderson Products, Inc., Nelson Laboratories, LLC, NOXILIZER INC, and Propper Manufacturing Co., Inc. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.

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Medical Tourism Market —
https://www.alliedmarketresearch.com/medical-tourism-market

Diabetes Therapeutics Market — https://www.alliedmarketresearch.com/diabetes-therapeutics-market

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Phosphate Rich Organic Manure Market Size Is Estimated To Grow With A CAGR of 6.5% from 2022 and 2031

Increase in demand for organic fertilizers and rise in government initiatives have boosted the growth of the global phosphate rich organic manure (PROM) market. However, low consumer awareness hinders the market growth. On the contrary, new product launches and production of PROM using vermicompost are expected to unlock new opportunities in the future.

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As per the report, the global phosphate rich organic manure (PROM) industry accounted for $2.8 billion in 2021, and is expected to reach $5.7 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.

The potassium humate segment held the largest share in 2021, accounting for more than two-fifths of the global phosphate rich organic manure (PROM) market, due to adoption of potassium humate in sustainable agricultural methods and increased concerns about environmental consequences and soil pollution. However, the organic manure segment is expected to register the highest CAGR of 9.1% during the forecast period, owing to rise in demand for organic food and increased awareness regarding environmental safety.

The Phosphate rich organic manure market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.

The market across Asia-Pacific, followed by Europe and North America, dominated the market in 2021, holding more than half of the global phosphate rich organic manure (PROM) market. In addition, the region is expected to register the highest CAGR of 7.4% during the forecast period, owing to rise in population in the region and increased demand for food and large area for organic farming. The market across North America is expected to register a CAGR of 5.1% from 2022 to 2031.

Phosphate rich organic manure Companies Covered Market:- Agri India Biotech, Hindustan BEC Tech India Pvt. Ltd., Biogen Fertilizer India Private Ltd., Komeco B.V., Jaipur Bio Fertilizers, Narmada Bio-chem Ltd. (NBCL), Midwestren BioAG, Nextnode BioScience Pvt. Ltd., NatureSafe and Other.

Analysis of COVID-19 impact

The outbreak of the pandemic has had a massive impact on the majority of industries and the Phosphate rich organic manure market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Phosphate rich organic manure market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.

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Processed Fish Market is Booming Worldwide | Beach Cliff, Brunswick, Channel Fish Processing, Clover Leaf

The “Processed Fish Market” is gaining momentum in the global markets due to the growing preference for convenience foods among the population. Rising disposable income, consumers changing lifestyle, and rapid growth in the urban population are expected to foster the global market growth during the forecast period. The processed fish market size was valued at $66.9 billion in 2021, and is estimated to reach $87.2 billion by 2031, growing at a CAGR of 2.8% from 2022 to 2031.

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Increase in the adoption of smartphones and internet, and growth in the penetration of online food delivery and grocery platforms are expected to boost the sales of processed meat, especially in emerging markets, such as India, China, Brazil, and Indonesia. The various food delivery apps, such as Zomato, Swiggy, and Uber Eats, and online grocery apps like Big Basket and Grofers drive the sales of the processed meat during the forecast period.

Regional Outlook:

Region-wise, North America dominated the market in 2021. North America is the leading consumer of processed fish products, such as canned, frozen, and chilled fishes. The increased consumer awareness regarding the health benefits of seafood, growing demand for organic fish products, huge presence of restaurants and cafes, increased penetration of packaged food and top food processing companies, and increased demand for the convenience food products are the prominent factors that are expected to boost the growth of the North America processed fish market during the forecast period.

Leading Key Players:

Beach Cliff

Brunswick

Channel Fish Processing

Clover Leaf

Gadre Premium Seafood

Golden Prize Canning Co., Ltd.

Goya Foods, Inc.

MOWI, Oceans Secret

Perdue Farms

Safcol

Safe Catch

True North Seafood Company

Wild Planet Foods

Young’s Seafood

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According to the processed fish market opportunities, depending on distribution channel, the online sales channel is expected to be the fastest-growing segment during the forecast period. The online platform serves as a popular medium for the purchase of food ingredients and processed fish.

Related Reports:

Organic Honey Market

Coconut Sugar Market

Murumuru Butter Market

Haddock Market

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Agritourism Market Worth $62.98 billion by 2028, Growing At a CAGR 13.4% From 2021-2028

Around the world, a sizeable portion of the populace may have little or no interaction with agriculture. As a result, agritourism is crucial in educating this group about farming practices and crop development. One way for non-farmers to learn about agriculture and support family farms by purchasing their goods directly or through intermediaries is through on-farm tourism. For instance, end users and suppliers (farmers and ranchers) are becoming more interested in agricultural and on-farm nature tourism in California (tourists & consumers of agricultural products and services). As a result, new growth possibilities in the agritourism industry are anticipated over the forecast period.

As per the report published by Allied Market Research, the global agritourism market was pegged at $42.46 billion in 2019, and is projected to reach $62.98 billion by 2027, growing at a CAGR of 13.4% from 2021 to 2027.

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The growth of the worldwide agritourism market is driven by the expansion of the travel and tourism sector, government measures to promote agritourism, and an increase in the adoption of agri-allied businesses. However, inappropriate commercialization of agritourism and a lack of understanding among tourists limit industry expansion. On the other hand, market participants should expect attractive prospects in the future due to the rise in health consciousness that will boost the adoption of agritourism.

Growing demand for family-oriented recreation activities, demand for local food, and experience for farm stays are major attributing factor driving the growth of the Agritourism market. Furthermore, rising curiosity among young minds about the farm and rural activities are creating demand for Agritourism facilities. Agritourism is one such way, where people can find peace and relaxation, which they hardly find in urban areas. Covid-19 drastically impacted whole tourism and Agritourism industry, but decreasing cases of corona virus and development and implication of the corona virus vaccination throughout the world is likely to help tourism and Agritourism sector to regain its position

Key Take Away

The agritourism market was valued at $42,460.3million in 2019, and is estimated to reach $62,982.6 million by 2027, growing at a CAGR of 13.4% during the forecast period.
By activity, the accommodations segment is estimated to witness the fastest growth, registering a CAGR of 18.0% during the forecast period.
In 2019, depending on sales channel, the travel agent segment was valued at $28,678.3 million, accounting for 67.8% of the global agritourism market share.
In 2019, the Italy was the most prominent market in Europe, and is projected to reach $3,351.1 million by 2027, growing at a CAGR of 12.6% during the forecast period.

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The global agritourism market is segmented on the basis of activity, sales channel, and region. Based on activity, the market is divided into on-farm sales, outdoor recreation, agritainment, educational tourism, accommodations, and others. The on-farm sales segment dominated the market in 2019, accounting for nearly three-fifths of the market. However, the accommodations segment is expected to manifest the highest CAGR of 18.0% during the forecast period.

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The market is divided into direct and travel agent segments based on outdoor recreation. In 2019, the travel agent industry held the biggest market share, accounting for more than two thirds of the total. The direct segment, however, is anticipated to grow at the highest CAGR of 14.0 percent throughout the projection period.

North America, Europe, Asia-Pacific, and LAMEA are just a few of the regions that are considered in the analysis of the global agritourism industry. During the projection period, the market in Asia-Pacific is expected to exhibit the highest CAGR of 16.9%. But in 2019, the market in North America, which made up about half of the market, held the highest share.

The global agritourism market report includes an in-depth analysis of the major market players including Agricultural Tour Operators International, Bay Farm Tours, Agrilys Voyages, Farm to Farm Tours, Blackberry Farm, LLC, Harvest Travel International, Greenmount Travel, Select Holidays, Field Farm Tours Limited, and Stita Group.

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Digital Pathology Market By 2030 | Analysis by Key Players Focusing on Growth Strategies

According to the report published by Allied Market Research, the global digital pathology market was estimated at $735.75 million in 2020 and is expected to hit $1791.30 million by 2030, registering a CAGR of 9.3% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Use of digital pathology in disease diagnosis, rise in the trend of digitalization in the medical sector, ease of consultation, and growth in diagnostic services in remote regions drive the growth of the global digital pathology market. On the other hand, lack of reimbursement policies and high cost of digital pathology solutions restrain the growth to some extent. However, increase in potential of digital pathology is projected to create numerous opportunities in the industry.

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Impact of Covid-19 Pandemic on Digital Pathology Market-

The Center for Devices and Radiological Health of the U.S. FDA released an enforcement policy for remote digital pathology devices, which are intended for pathologists, clinical laboratories, and drug administration staff. And, increase in cases of chronic diseases heightened the usage of digital pathology systems for diagnosis, thereby impacting the global digital pathology market positively.
This drift is most likely to continue post-pandemic as well.

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The global digital pathology market is analyzed across type, application, and end-user.

Based on product type, the scanners segment accounted for the major share in 2020, holding more than two-thirds of the global market. The same segment would also exhibit the fastest CAGR of 9.6% throughout the forecast period.

Based on application type, the disease diagnosis segment generated the highest share in 2020, accounting for more than one-third of the global market. The same segment would also portray the fastest CAGR of 9.8% from 2021 to 2030.

Based on region, the market across North America held the lion’s share in 2020, garnering nearly half of the global market. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 10.6% by the end of 2030. The other provinces studied in the report include Europe and LAMEA.

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The key market players analyzed in the global digital pathology market report include 3DHISTECH LTD, Danaher Corporation, Glencoe Software Inc., HAMAMTSU Photonics K.K, Indica Labs Inc., Koninklijke Philips N.V, Nikon Corporation, Roche, VisoPharma A/S, and Perkinelmer Inc.These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

Key Benefits for Stakeholders

The study provides an in-depth analysis of the digital pathology market, and the current trends & future estimations to elucidate imminent investment pockets.
It presents a quantitative analysis of the market from 2021 to 2030 to enable stakeholders to capitalize on the prevailing market opportunities.
Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Albumin Market: https://www.alliedmarketresearch.com/human-albumin-market

Workplace Wellness Market: https://www.alliedmarketresearch.com/workplace-wellness-market

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Europe E-Commerce Home Fitness Products Market Registering a CAGR of 5.9% From 2021-2027, is Expected to Reach $447.9 Million by 2027

According to a new report published by Allied Market Research, titled, “Europe E-Commerce Home Fitness Products Market, 2021–2027,” The Europe e-commerce home fitness products market size was valued at $256.1 million in 2019, and is projected reach $447.9 million by 2027, registering a CAGR of 5.9% from 2021 to 2027

Leading players in the industry provides versatile product offerings according to the user needs, These includes products ranging from kettle bell weight sets, dumbbells, stationary bikes, elliptical, treadmills, inclined benches, etc. These all equipment’s are mainly categorized under strength training equipment and cardiovascular training equipment. Rise in popularity of the e-commerce platforms is expected to play an exceptional role in the development of the home fitness equipment market. Moreover, companies are focusing on development of advanced and compact home-based products that will help consumer to stay fit at home.

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The usage of fitness equipment at home for exercises is rising at a notable rate in European countries. This is attributed to increase in health awareness and busy lifestyle, which boost the Europe e-commerce home fitness products market demand.

Increase in inclination of millennial and Z generation toward personal health has launched variants in the home fitness equipment. Expensive gym membership and big-budget certified personal trainers create hindrance in achieving the required fitness goal. Therefore, the availability of various home fitness equipment has presented an opportunity for creating and experiencing effective home work out. The convenient availability and deliveries of extensive exercising equipment and other heavy workout fitness aids through the e-commerce platform have created lucrative opportunities in Europe e-commerce home fitness products industry.

Furthermore, launch of an all-in-one suspension training systems, workout stations, multifunctional home gym station, indoor cycling bike, and other home fitness machine provides multiple features at an affordable cost for maintaining fitness at home, has augmented the Europe e-commerce home fitness products market growth.

The Europe e-commerce home fitness products market is segmented by equipment type into cardiovascular training equipment, strength training equipment, and others. The cardiovascular training equipment segment is further fragmented into treadmills, stationary bikes & elliptical, and others, whereas the strength training equipment segment is further categorized into free weights and others. Country wise, the Europe market is analyzed across Germany, France, Spain, the UK, Italy, and rest of Europe.

Some of the leading players profiled in the Europe e-commerce home fitness products market analysis include Johnson Fitness, Hansson International GmbH, Mst GmbH, Ise GmbH, Jordan Leisure Systems Ltd., Escape Ltd., Sport Tiedje, Hammer Sports, Sport Thieme, Horizon Fitness, Sporttec, Bad Company, and Do Yoursports.

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Key Findings Of The Study:

• By country, Germany dominated in terms of market share for the year 2019, and is expected to continue this trend during the forecast period.
• On the basis of equipment type, the cardiovascular training equipment segment led in terms of Europe e-commerce home fitness products market share in 2019, and is expected to retain its dominance in the upcoming years as well.
• Depending on equipment, the strength training equipment segment accounted for 25.5% share of the Europe market in 2019, and is poised to grow at highest CAGR of 7.1% during the forecast period.
• Rest of Europe is anticipated to grow with robust CAGR of 7.8% during the Europe e-commerce home fitness products market forecast period.

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Small Domestic Appliances Market Share is to Reach at a CAGR of 13% from 2021 to 2030

As per the report published by Allied Market Research, The small domestic appliances market size was valued at $176,804.3 million in 2020 and is estimated to reach $581,657.6 million by 2030, registering a CAGR of 13.0% from 2021 to 2030.

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According to the CXOs of leading companies, the global small domestic appliances market is emerging at a considerable pace owing several factors such as increase in compatibility of the appliances, enhanced internet penetration, changes in lifestyle patterns, and growth in concerns about energy prices fuel the increase in sales of the small domestic appliances market.

Changes in lifestyle of customers has witnessed increase in trend of modular kitchen, in turn resulting in the development of advanced and innovative kitchen appliances. Rapid increase in food service establishment has led to increased demand for commercial kitchen appliances.

Rapid expansion of the retail industry plays a major role in the distribution of small domestic appliances. It is becoming more important to make small domestic appliances available to the consumers. Specialty stores and supermarket & hypermarkets are gaining major traction in the global small domestic appliances market. This is majorly attributed to availability of enormous options for the consumers to choose from. Multi brand specialty stores have many brands for the single line product segment, where people can compare their features and colors, which help them to take buying decisions.

Moreover, Asia-Pacific and LAMEA are projected to register a significant growth as compared to the saturated markets of Europe and North America, due to rapid urbanization, increase in penetration of technology even in small cities, growth in disposable income, and improvement in standard of living.

Key Findings Of The Study

Cleaning appliances segment is estimated to witness the significant growth, registering a CAGR of 14.3% during the forecast period.
Retail stores segment was valued at $27,194.7 million, accounting for 16.3% of the global Small domestic appliances market share.
Commercial segment is estimated to witness the significant growth, registering a CAGR of 13.9% during the forecast period.
Brazil was the most prominent market in LAMEA, and is projected to reach $17,658.90 million by 2030, growing at a CAGR of 14.9% during the forecast period.

The report segments the global small domestic appliances market on the basis of product type, distribution channel, end user, and region.

Based on product type, the kitchen appliances segment held the largest share in 2020, accounting for more than two-fifths of the market. However, The cleaning appliances segment is estimated to witness the significant growth, registering a CAGR of 14.3% during the forecast period.

On the basis of distribution channel, the E-Commerce segment helds the major share of 30.2% in 2020, contributing to more than one-fourth of the market. Moreover, The report includes an analysis of the other segments such as brand outlets, retail stores, e-commerce, and others.

The global small domestic appliances market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the largest share in 2020, accounting for nearly one-third of the market. However, the market across LAMEA is expected to register the highest CAGR of 14.9% during the forecast period.

The global small domestic appliances market report includes an in-depth analysis of the prime market players such as The Whirlpool Corporation, Koninklijke Philips N.V., BOSCH, LG Electronics Inc., Panasonic Corporation, Electrolux AB, The Middleby Corporation, Spectrum Brands Holdings, Inc., Samsung Electronics Co. Ltd., and Morphy Richards.

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