A Market Place Research – Page 1272

Electric Vehicle Battery Swapping Market: Two-wheeler Vehicle Type to Rake at 25.0% CAGR During 2020 to 2027

Allied Market Research recently published a report, titled, “Electric Vehicle Battery Swapping Market by Service Type (Subscription Model and Pay-Per-Use Model) and Vehicle Type (Two-Wheelers, Three-Wheelers, Passenger Cars, and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2020–2027″. As per the report, the global electric vehicle battery swapping industry generated $118.44 million in 2019, and is projected to reach $409.99 million by 2027, growing at a CAGR of 22.3% from 2020 to 2027.

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Drivers, restraints, and opportunities

Rise in demand for electric vehicles, lack of sufficient public charging facilities, and reduced time for electric vehicle charging have boosted the growth of the global electric vehicle battery swapping market. However, the high initial set-up & operating cost of battery swapping stations and differentiation in battery technology and design hinder the market growth. On the contrary, advent of advanced battery swapping models and services and rapid emergence of shared e-mobility are expected to open lucrative opportunities for the market players in the future.

Covid-19 scenario:

The spread of Covid-19 severely affected the global automotive industry, owing to decrease in demand for new and old vehicles.
The economical uncertainty and market sentiment have hampered the business of several key players.
However, the pandemic accelerated several trends. For instance, electrification is expected to increase in two-wheeler and three-wheeler vehicles. Moreover, the shared mobility and ride-hailing would rise post-pandemic.
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The subscription model segment held the lion’s share

By service type, the subscription model segment dominated the market in 2019, accounting for more than three-fourths of the global electric vehicle battery swapping market, due to its benefits over the pay-per-use model including battery leasing, low cost per swapping, and affordability. However, the pay-per-use model segment is estimated to register the highest CAGR of 24.9% during the forecast period, owing to lack of fixed usage patterns of their vehicles.

The two-wheeler segment to manifest the highest CAGR through 2057

By vehicle type, the two-wheeler segment is projected to portray the highest CAGR of 25.0% from 2020 to 2027, due to a significant rise in the preference for carpool and bike pool services among the regular office commuters. However, the three-wheeler segment held the lion’s share in 2019, contributing to more than one-third of the global electric vehicle battery swapping market, owing to increase in daily operational hours of electric vehicles and popularity of battery swapping usage in the electric three-wheelers.

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LAMEA, followed by North America, to register the highest CAGR by 2027

By region, the market across LAMEA, followed by North America, is anticipated to manifest the highest CAGR of 25.6% during the forecast period, due to increase in expansion by leading market players to promote their products and services coupled with the surge in demand for electric mobility. However, the global electric vehicle battery swapping market across Asia-Pacific held the lion’s share in 2019, accounting for more than half of the market, owing to governments of many Asian countries plan to end the production and sales of gasoline and diesel vehicles in the coming years.

Major market players

Amplify Mobility
Amara Raja
EChargeUp solutions pvt Ltd.
ChargeMYGaadi, Gogoro, Inc.
Esmito Solutions Pvt Ltd.
NIO, Inc.
Lithion Power Pvt Ltd.
Oyika Pte Ltd.
Numocity
Revolt Motors
Panasonic India Pvt. Ltd.
TATA Power
SUN Mobility Pvt. Ltd.
VoltUp

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Similar Reports We Have on Electric Vehicles Industry:

Electric Vehicle Charging System Market by Product (Home Charging Systems, Commercial Charging Stations), Mode of Charging (Plug-in, Wireless) – Global Opportunity Analysis and Industry Forecast, 2015 – 2030.

Wireless Charging for Electric Vehicle Market by Power Source (3–<11 Kw, 11–50 Kw and >50 Kw), Installation (Home and Commercial), Distribution Channel (OEMs and Aftermarket), and Vehicle Type (Battery Electric Vehicles (BEV), Plug-In Hybrid Electric Vehicle (HEV) and Commercial Electric Vehicles): Global Opportunity Analysis and Industry Forecast, 2018–2025.

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 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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$95.7 Billion Travel Accessories Market to Grow at 6.4% CAGR through 2031

According to a new report published by Allied Market Research, titled, “Travel Accessories Market,” The travel accessories market was valued at $48.2 billion in 2021, and is estimated to reach $95.7 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.

Travel accessories are products that are used during journey, which can be for various purposes, including business and leisure travel. People usually buy travel accessory products to obtain convenience and comfort during the travel. Thus, rise in the travel and tourism sector and business trips is a major factor that drives the growth of the travel accessories market size during the forecast period.

Factors that promote growth of the travel & tourism industry include, changes in lifestyle, increase in tourism promotion, and surge in accessibility of transport facilities. Moreover, continuous development in the travel & tourism industry and integration of various segments such as hospitality & infrastructure with government initiatives accelerate growth of the global travel & tourism industry, which propels the travel accessories market growth.

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The COVID-19 outbreak has negatively impacted the overall growth of the travel accessories industry. Closures of boundaries of countries and cancelations of business trips disrupted transportation and production facilities, which highly and harshly impacted the product market in 2020.

The market is segmented into type, distribution channel, and region. On the basis of type, the market is categorized into travel bags, electronic accessories, travel pillow and blanket, toiletries, and others. On the basis of distribution channel, it is bifurcated into supermarkets/hypermarkets, specialty stores, factory outlets, online stores, and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

According to the travel accessories market trends, on the basis of type, the travel pillow and blanket segment was valued at $6,280.1 million in 2021 and is projected to reach $13,029.3 million by 2031, growing at a CAGR of 6.9% from 2022 to 2031. Growing incidences of sleeping disorders and back pain and requirement for comfortable sleeping positions while traveling are likely to generate demand for travel pillow and blankets. A neck pillow supports the neck and head to reduce the pain by creating natural resting positions. Growing use of sustainable materials for making travel pillow and blankets and rise in acceptance for eco-friendly products further accelerate the growth of the travel accessories market share through the travel pillow and blankets segment.

According to the travel accessories market analysis, by distribution channel, the online stores segment was valued at $9,502.3 million in 2021 and is expected to grow at $22,691.6 million by 2031, registering a CAGR of 8.4% during the travel accessories market forecast period. The shopping behavior of millennial generation and emergence of mobile devices for internet access are expected to boost the travel accessories market growth. Rise in penetration of various online portals in developing economies has led to the market growth through the online stores. Therefore, online stores for sales of travel goods, including travel bags, travel electronic accessories, pillow and blankets is anticipated to grow in the future.

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According to the travel accessories market opportunities, by region, North America has been gaining significant share in product market and is expected to sustain its share during the forecast period. In the U.S., stylish and smart travel belongings, including travel bags represent lifestyle and fashion statement for travelers. Furthermore, high spending capacity on luxury goods and services, quick acceptance technological advanced smart suitcases, and rise in the number tours and travel persons boost the growth of the of the product market during the forecast period.

The players operating in the travel accessories market have adopted product launch and business expansion as their key developmental strategies to expand market share, increase profitability, and remain competitive in the market. The key players profiled in this report include, ACE Co., Ltd., Adidas AG, LVMH Group, Magellan’s, Nike Inc., Sungjoo Group, Travel Blue Ltd, United States Luggage Company, LLC., LLC., VF Corporation, and VIP Industries Ltd.

KEY FINDINGS OF STUDY

The travel accessories market size was valued at $48,225.1 million in 2021, and is estimated to reach $95,711.3 million by 2031, registering a CAGR of 6.4% from 2022 to 2031.
By type, the electronic accessories segment accounted for $10,814.4 million in 2021, garnering 22.4% of the global market share.
By distribution channel, the specialty stores segment acquired $11,601.2 million in 2021, exhibiting 24.1% of the global market share.
China was the most prominent market in Asia-Pacific in 2021, and is projected to reach $13,822.6 million by 2031, growing at a CAGR of 6.1% during the forecast period.

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Similar Report :-
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Fast Casual Restaurant Market By Food Type, Mode of Operation, Nature and Region, 2021-2027

The increase in number of fast casual restaurants is attributed to changes in consumer preferences toward healthy lifestyle. The significant transition toward healthy, natural, and freshly prepared food provides impetus to the fast casual restaurant industry. Fast casual restaurants incorporate freshly prepared, minimally processed food in their menu. Furthermore, these restaurants are gaining much traction owing to innovative offerings they provide. For instance, Panera Bread, one of the leading fast casual restaurant chains in the U.S. offers diverse menu including but not limited to low-fat and gluten-free items. Furthermore, weight conscious consumers can opt for half a portion of meal or customize to thinner type of bread. This option of healthy customizations offered by fast casual restaurants drives the fast casual restaurant market growth.

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Fast Casual Restaurant Market by Food Type, Mode of Operation, and Nature: Global Opportunity Analysis and Industry Forecast, 2021–2027,” the global fast casual restaurant market size was $125.6 billion in 2019, and is projected reach $209.1 billion by 2027, registering a CAGR of 10.6% from 2021 to 2027.

The concept of fast casual restaurants came into existence in the late 90’s, however it gained much of the traction in 2009. The fast casual restaurants prepare fresh food rather than assembling them as in the case of fast food restaurant. High quality ingredients, locally sourced, fresh, and organic are the some of the many characteristics of the fast food restaurants. Furthermore, the prices of fast casual restaurants are higher than that of fast food restaurants but considerably lower than that for fine dining.

The adoption of advanced technologies such scheduling software, digital inventory tracking, automated purchasing tools, and digital reservation table manager supplements the fast casual restaurant growth of the market.

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Uncertainties about current and future economic conditions might dissuade foot fall amongst such restaurants. The Covid-19 outbreak has resulted in widespread economic crisis around the world. Rise in unemployment and high prices are expected to act as major challenges for the engaged stakeholders. Fast casual restaurants provide fresh and healthy food coupled with natural offerings, which make way for additional cost. High cost as compared to its counterparts such as quick service restaurants might limit the target audience.

Some of the key players analyzed in fast casual restaurant market analysis includes Chipotle Mexican Grill, Erbert & Gerbert’s Sandwich Shop, Panda Restaurant Group, EXKi SA, Zaxby’s corporate, Five Guys Holdings, Inc. (Five guys burger and fries), Roark Capital Group (Wingstop), Tortilla Mexican Grill, Firehouse Subs, and Famous Brands (Gourmet Burger Kitchen).

Key Findings Of The Study

By region, North America dominates in terms of fast casual restaurant market share and is expected to retain its dominance during the forecast period.

By food type, the Burger/Sandwich segment led in terms of market share, in 2019; however, Pizza/Pasta segment is expected to gain market share in the upcoming years

By mode of operation, the dine-in segment accounted for about two-third share of the fast casual restaurant market in 2019; however, the takeaway segment is poised to grow at highest CAGR during the forecast period.

By nature, the standalone segment is expected to gain market share in the upcoming years and is estimated to grow at a CAGR of 12.5% during the fast casual restaurant market forecast period.

By region, Asia-Pacific is anticipated to grow with robust CAGR of 13.7% during the forecast period.

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Smoking Accessories Market to Witness Incremental Growth at 6.5% CAGR to Surpass US$ $6.3 billion by the End of 2020-2030

The smoking accessories market is expected to witness significant growth, owing to increase in attraction of youth toward smoking. Moreover, water pipes have become centerpieces of cafés and restaurants, especially in countries such as South Africa, China, India, and the U.S. Rise in income levels and urbanization is also a key driver for growth of the smoking accessories market. Furthermore, increase in aggressive advertisements and promotions through social media platforms by manufacturers plays a crucial role in growth of the smoking accessories market

Smoking accessories market Overview 2020-2023

According to a new report published by Allied Market Research, titled, “Smoking Accessories Market,” The smoking accessories market was valued at $3.1 billion in 2020, and is estimated to reach $6.3 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030. Online retail platform is the major driver of the smoking accessories market. Presently, most smoking accessories manufacturing companies have their own web-based retail stores where users have access to information about product launches, product features, demo, price, and other required information about products.

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There is an increase in number of consumers shopping online, owing to availability of different product options and price comparison on online shopping sites. This is useful for retailers, owing to zero expenditure on physical outlets. Furthermore, there is a rise in preference for online shopping as consumers can read reviews provided by other consumers, compare various stores & products, and verify product price by different sellers. Thus, rise in adoption of online sales channels drives growth of the smoking accessories market.

Lucrative growth opportunities for operating players :-

The market in Asia-Pacific and LAMEA offers lucrative growth opportunities for operating players. Increase in adoption of western lifestyle and rise in disposable income of consumers majorly drive growth of the market. Moreover, increase in attraction of young people toward smoking to look cool in the society has further increased sales of smoking accessories which is becoming the latest smoking accessories market trends in developing region. Asia-Pacific offers potential growth opportunities to the market players for launching innovative smoking accessories.

Moreover, countries in Latin America, such as Brazil, are expected to unfold attractive business opportunities, owing to high consumption of tobacco products. However, nicotine replacement therapy is a medically approved method of obtaining nicotine, except through tobacco use. It is used to aid in quitting cigarette smoking or chewing tobacco. Nicotine replacement therapies can significantly reduce cravings, thereby breaking the mental addiction to tobacco-based products. Growing public awareness regarding high success rate of nicotine replacement therapies, such as patches, lozenges, gums, and other products restrict the smoking accessories market growth.

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COVID-19 pandemic Analysis

The outbreak of the COVID-19 pandemic created several challenges for exporters in developing and developed countries. Implementation of lockdown and curfew practices globally affected domestic as well as international production of smoking accessories, which, in turn, hampered growth of the overall market. Thus, the outbreak of COVID-19 negatively impacted the smoking accessories market in 2020, as sales of companies reduced and operations were halted.

Segmentation Analysis 2030

The smoking accessories market is segmented on the basis of product type, age group, distribution channel, and region. Based on product type, the smoking accessories market is bifurcated into grinder, water pipes, rolling paper, vaporizers, and others. On the basis of age group, it is divided into below 18 years, 18 to 30 years, 30 to 50 years, and above 50 years. On the basis of distribution channel, it is categorized into online and offline. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Major companies have adopted agreement, product launch, expansion, and merger strategies to sustain the intense market competition. The key players profiled in the smoking accessories industry includes

BBK Tobacco & Foods, LLP, British American Tobacco PLC, Bull Brand, Chongz, Curved Papers, Inc., Imperial Brands, Jinlin (HK) Smoking Accessories Co., Ltd., Moondust Paper Pvt. Ltd., Republic Technologies International, and Univac Furncrafts Pvt. Ltd.

KEY FINDINGS OF THE STUDY

:- By product type, the water pipes segment constituted a major smoking accessories market share in 2020; however, the grinder segment is projected to experience growth at the highest CAGR during the smoking accessories market forecast period.
:- On the basis of age group, the 18 to 30 years segment led, in terms of the market share, and is expected to continue to grow with robust CAGR during the forecast period.
:- On the basis of distribution channel, offline segment held the major share in the market in 2020, and is projected to remain dominant during the forecast period.
:- By region, Asia-Pacific accounted for the highest market share in 2020, and is expected to grow at a significant CAGR during the forecast period. Increase in use of smoking accessories among young population has driven growth of the smoking accessories market in the region.

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TABLE OF CONTENT

CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
  - 1.4.1.Secondary research
  - 1.4.2.Primary research
  - 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
  - 3.2.1.Top investment pockets
- 3.3.Porter’s five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
  - 3.5.1.Drivers
  - 3.5.2.Restraints
  - 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
- 3.7.Regulatory Guidelines
CHAPTER 4: SMOKING ACCESSORIES MARKET, BY PRODUCT TYPE
- 4.1 Overview
  - 4.1.1 Market size and forecast
- 4.2 Grinder
  - 4.2.1 Key market trends, growth factors and opportunities
  - 4.2.2 Market size and forecast, by region
  - 4.2.3 Market analysis by country
- 4.3 Water Pipes
  - 4.3.1 Key market trends, growth factors and opportunities
  - 4.3.2 Market size and forecast, by region
  - 4.3.3 Market analysis by country
- 4.4 Rolling Paper
  - 4.4.1 Key market trends, growth factors and opportunities
  - 4.4.2 Market size and forecast, by region
  - 4.4.3 Market analysis by country
- 4.5 Vaporizer
  - 4.5.1 Key market trends, growth factors and opportunities
  - 4.5.2 Market size and forecast, by region
  - 4.5.3 Market analysis by country
- 4.6 Others
  - 4.6.1 Key market trends, growth factors and opportunities
  - 4.6.2 Market size and forecast, by region
  - 4.6.3 Market analysis by country
    Continue …..

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Air Humidifier Market Share is to Reach $3.81 Billion by 2025, Registering a CAGR of 4.7% from 2018 to 2025.

The study offers a unique blend of quantitative as well as qualitative information highlighting key market developments, challenges, competitive industry analysis and new opportunities available and trends within the Air Humidifiers market. The research study covers the current market situation and future prospects for the global Air Humidifiers industry. It is a very thorough and professional inspection with a list of valuable components that provides statistics about the industry’s underlying conditions and serves as a useful manual for leading businesses and individuals with interest in the sector.

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The analysis examines how market dynamics impact the main challenges, strategies used by market players, overcome those challenges and grow their market share. This study examines how investors and key stakeholders have acted to promote product development. To help regional policymakers and business planners create effective brand strategies, they should be able to analyze the key market players to identify their expansion strategy. There are many factors that could drive investors to the research and development process of the product.

According to the report, the global air humidifier market garnered $2.63 billion in 2017 and is anticipated to reach $3.81 billion by 2025, registering a CAGR of 4.7% from 2018 to 2025. The report provides extensive analyses of the key winning strategies, industry trends, key market segments, market size & projections, and competitive landscape.

Key findings of the Air Humidifier Market:

Based on humidifier type, the vaporizers segment accounted for the highest air humidifier market share in 2017, growing at a CAGR of 3.8% from 2018 to 2025.
Based on application, the residential segment accounted for about 45.6% share of the air humidifier market share in 2017 and is expected to experience growth at the highest CAGR of 4.6%.
Based on region, North America accounted for about 31.7% of the air humidifier market and is expected to grow at the highest CAGR of 4.2%.
Based on humidifier type, the ultrasonic humidifier segment accounted for 27.9% air humidifier market in 2017, growing at a CAGR of 5.7% from 2018 to 2025.
Based on application, the industrial segment accounted for 28.8% air humidifier market in 2017, growing at a CAGR of 5.2% from 2018 to 2025.

Regional forecast:

Regionally, the global Air Humidifiers market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Also, the classification of the market data and the regional analysis by country is covered in the market research report. Furthermore, the regions are separated into country and regional groups:

North America (USA and Canada)
Europe (Germany, Great Britain, France, Italy, Spain, Russia and the rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and the rest of Asia Pacific)
Latin America (Brazil, Mexico and the rest of Latin America)
The Middle East and Africa (GCC (Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and the rest of the Middle East and Africa)

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What Does This Report Contain?

Current and future market outlook (including growth factors, key players, obstacles and restraints in advanced as well as emerging economies)
Analysis & forecast of the global market on a regional level.
Historic, current, and estimated market sizes.
Restraining & driving factors, as well as their impact on the demand for Air Humidifiers.
An in-depth study of opportunities available in the market.

The following are the study objectives for this report

To examine the worldwide Air Humidifiers market size by product types, applications, and regions.
To be able to comprehend the design through recognizing its various sub-fragments
To analyze the future trends and growth of individual manufacturers.
To analyze product overview, revenue status, scope and outlook
To understand market upstream/downstream analysis
To understand the Market Competitive Situation and Trends
To understand market Drivers, Restraints, Opportunities, and Challenges
To analyze new products and new technology release
Analysis of Industry Development Trends under the COVID-19 Outbreak

What to Expect in Our Report?

A complete section of the Global market? The market report focuses on market dynamics and it includes market drivers and influence factors as well as challenges and opportunities.
An additional research section is dedicated to analyzing regional markets. The market where essential regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.
The report provides a competitive analysis that allows players to create new strategies and fine-tune existing ones to overcome market challenges and increase their market share.
The report also covers trends and competitive situations and sheds light on company expansions as well as mergers and acquisitions that are taking place in the global market. It also highlights the market concentration rates and market shares for top three and five market players.
Readers are provided with findings and conclusions of the research study in the Global market.

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 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.

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.

Contact:
David Correa
5933 NE Win Sivers Drive
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Licensed Sports Merchandise Market | Growth Insights, New Developments, Shares, Trends, Emerging Technologies

Clothing and different products related to sports clubs or sportspersons fall under the licensed sports merchandise market. They are made and sold in retail, by authorized sports merchandise producers or retailers, for the promotions of the brands. The authorized companies pay a specific level of sovereignty to the sport entities for the product sold under the permit utilizing copyrighted logos and other marking properties. Licensed sports merchandise stock is a method of promoting the game’s brand and for that sportspersons are roped in for commercials highlighting the product. Sports supplies makers produce a selective scope of items for every sporting seasons for example, to celebrate championship victory.

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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

There a numerous sport events that take place globally which helps to promote their logos and names through sports merchandise. The licensed sports merchandise market accounts for most of the revenue portion globally in the sports industry. Sports events and tournaments commercialization and promotion has generated huge popularity of licensed sports merchandise within the sports industry across the globe. The governments are making investments in this market segment to popularize the events associated with sports. Advertising sports worldwide has created employment opportunities for a lot of people globally. The sports events, for businesses, has also become a way of investing a large amount of money.

New product launches to flourish the market

The demand for licensed sports merchandise is increasing with the rise in popularity of international leagues. Utilization of licensed sports merchandise stock has helped in keeping up consistency and advancement across sports events. It is genuine to expect the inflow of revenues into the worldwide sports merchandise market.

Surge in usage in automotive and industrial applications

Sports merchandising permits are a beneficial endeavor if the right deal and right agreement happens between the involved parties. An imminent licensor can anticipate the upsides of extra pay, publicity, and broad acknowledgment with a decent licensing deal. The focal points for the licensee originate from the generosity related to the licensor’s properties, and a decent authorizing understanding will clear a way towards rewarding markets. The future in the matter of sports appears to point toward an age where licensing merchandise is expected to be a key for promoting sport and creating gigantic floods of income for the business.

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Regions covered North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

Companies covered VF Corporation, Nike Inc., Fanatics, Inc., Adidas AG, Puma SE, G-III Apparel Group, Ltd., Sports Direct International plc, Hanesbrands Inc., Under Armour, Inc., DICK’S Sporting Goods Inc.

Key Benefits of the Report:

This study presents the analytical depiction of the global licensed sports merchandise market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global licensed sports merchandise market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the licensed sports merchandise market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global licensed sports merchandise market analysis based on competitive intensity and how the competition will take shape in coming years.

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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.

Contact:
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Table Top Games Market | Sales Revenue Analysis, Regional Segments, Top Manufacturers, Industry Size and Share Forecast to 2030

Table top games are specifically played on a table or a plane surface. Some table top games are played alone. There are table top games, which require only two players and others are group-oriented. On the basis of type, the table top games are segmented as miniature wargames, role-playing games (RPGs), and board games. Miniature wargame is a game in which there are physical models to resemble military forces. It gives players an ultimate experience as if real war is taking place. Role-playing is the game in which a player enacts the role of fictitious characters. Board games are specifically played on a board according to some rules and regulations. Common board games like chess, snakes & ladders, snooker, checkers, carom, ludo, scrabble, and backgammon have gained wide popularity among the children as well as the adults across the globe.

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On the basis of application, the table top games are segmented as children, adults, family, and party. These games are widely played during social gatherings and parties to spend a quality time with the friends or family and to reduce the boredom. The growth momentum of the market is expected to increase at a considerable rate during the forecast period.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The main reason that drives the growth of table top games market is the large number of people who are inclined toward indoor games. The table top games are widely used for home entertainment as a part of family get together and to spend the leisure time. Along with this, the concept of social gaming is yet another reason for the growth of the market. Due to change in the living standards of the people and increase in the disposable income, there is a gaming corner and entertainment zone in every upper society, in which table top games, board games, and miniature wargames are gaining a wide traction. Moreover, the high society games such as snooker and billiards are considered as a symbol of status upliftment.

Growth in demand for old school games and need of developing sportsmanship is anticipated to stimulate the demand of such type of games.Also, the games like puzzles and scrabbles boost the vocabulary and brain of the children.

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Regional Outlook

Asia-Pacific accounts for having the highest share in the table top games market due to the launch of new games in the countries such as China.

Investment in Fixtures

The continuous investment in bringing advancement in the fixtures has led to the creation of convenient tables and boards. The launch of professional boards and tables with innovative designs and varying shapes is creating ample opportunities. In addition, a greater emphasis is given on diameter, thickness and the length of table or board. The tables are constructed according to the type of game. There are different sizes of tables available for professional gaming. These factors escalate the demand for table top games.

Key Benefits of the Report

This study presents the analytical depiction of the global table top games market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global table top games market share.
The current market is quantitatively analyzed from 2020 to 2030 to highlight the global table top games market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global table top games market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Table Top Games Market Research Report

Which are the leading players active in the table top games market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?

Domestic Tourism Market Share to Reach 13.4% CAGR Form 2021-2030

The domestic tourism market size was valued at $1,226.1 billion in 2020 and is estimated to reach $6,736.1 billion by 2030, registering a CAGR of 13.4 from 2021 to 2030. Domestic tourism refers to travelling of residents of a country within their own country. Domestic tourism is closely related to visiting relatives & friends and religious pilgrimages.

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Key Market Outlook –

The local or regional travel segment would witness the faster growth, registering a CAGR of 16.4% during the forecast.
OTA segment would dominate the market, accounting for 56% of the market.
On the basis of mode of booking, the direct booking segment acquired $930.9 billion, exhibiting 43.28% of the global market share.
Conference/Meetings segment would witness the fastest growth, registering a CAGR of 16.2% during the forecast period.
The 50 years and above age group segment would witness the fastest growth, registering a CAGR of 15.2% during the forecast.
Asia-Pacific is the largest market growing at a CAGR of 12.7% from 2021-2030.

Hectic lifestyle leading people to stress and hypertension , which affects physical and mental health, so that people will eventually feel physically and mentally exhausted. A short trip can help people to recover from exhausted bodies and stress, relax minds and body. Thus, people are increasingly planning for weekend and holyday trips along with their family and friends.

The pandemic is having a profound impact on the world, and is still affecting many parts of the world. It is unlikely that the global tourism industry will recover any time soon. It is likely to take at least two to three years for the global tourism industry to recover. Therefore, as a traditional tourist destination, a country must take appropriate measures to deal with the global helath crisis. It is important to consider new measures to encourage potential outbound tourists to meet their needs. However, the domestic tourism industry is keen on domestic tourism and needs to improve the service and marketing system to attract more tourists, especially potential foreign tourists, to accelerate the recovery of the tourism industry.

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The domestic tourism market has recovered. The domestic tourism industry can seize the opportunity of China’s economic recovery and further accelerate growth while strictly preventing and controlling the epidemic. The nature of tourism has changed. Incraesing number of people are prefering short-distance travel rather than long-distance travel when they are on vacation, as they seem to be more concerned about prevention and control measures as well as safety and emergency plans.

Domestic tourism is under-researched most of the times. The United Nations World Tourism Organization has reliable data on domestic tourism in less than a quarter of its member countries. To give full play to the potential of domestic tourism, more domestic tourism data and research are needed. Although the focus of government and academic research is on international tourists, there is a need to better understand many parts of the country’s tourism market. The pandemic provides an opportunity to better understand the differences between the travel behavior, consumption habits, and preferences of international & domestic tourists.

However, surge in number of crime rates, such as kidnaping, pickpocket, and robbery, has led to instability in various destinations, which is negatively imapcting the growth of the domestic tourism market. Political uncertainties, terrorists attack, and natural disasters such as Indian Ocean earthquake and tsunami are some of the key restraining factors of the growth of the global market during the forecast period.

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existing challenges, such as close substitutes and lack of awareness regarding functional pet food benefits, are expected to hamper the growth of the functional pet food market during the forecast period. Furthermore, people usually give foods consumed by humans, such as white rice, dairy products, fish, chicken, and peanut butter, instead of recommended pet food and functional pet food to their pets, which is expected to hinder the growth of the market.

Related Report :-

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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.

Contact:
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5933 NE Win Sivers Drive
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Tobacco Industry (Market) Hits $262.8 Billion, Globally, by 2027 at 6.7% CAGR

According to a new report published by Allied Market Research, titled, “Tobacco Market by Type, Product, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2027,” The tobacco market size is expected to reach $262.8 billion by 2027 at a CAGR of 6.7% from 2021 to 2027.

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The key factors driving the growth of the global tobacco market are rise in smoking rates and stable demand for tobacco products. Despite stringent regulations and restrictions aimed at reducing tobacco consumption in various countries, the tobacco market is expected to grow over the forecast period due to rise in prices.

Tobacco is a significant source of tax revenue for governments across the world. Attributed to tax regulatory environments, developing economies are now supporting the market growth. Cigarettes have been identified as the most popular tobacco product due to a variety of factors such as convenience and cost-effectiveness as compared to other types of tobacco products.

The tobacco market is consolidated, with a few large players accounting for a considerable share of the global market. Moreover, new entrants in the tobacco market are discouraged by regulatory barriers.

Asia-Pacific, led by China and India, is one of the world’s largest producers and consumers of tobacco. The region is home to some of the world’s largest tobacco companies, including Japan Tobacco Inc., PT Gudang Garam Tbk, and ITC Limited. China is the region’s largest market, with a sizable proportion of its population using tobacco products.

The inclusion of tobacco taxes in regulations in countries, such as India, ban on consumption of tobacco products in public places, and rise in availability of tobacco products in modern retail outlets in the region are factors that are actively affecting the growth of the tobacco market.

Key Take Away

Asia-Pacific was the highest revenue contributor, accounting for $68.1 billion in 2019, and is estimated to reach $103.0 billion by 2027, with a CAGR of 7.4%.
By type, the burley segment was the highest contributor to the market, with $64.1 billion in 2019, and is estimated to reach $100.2 billion by 2027, at a CAGR of 7.9% during the forecast period.
On the basis of product, the cigarette segment was the highest contributor to the market, with $66.4 billion in 2019, and is estimated to reach $104.7 billion by 2027, at a CAGR of 8.0% during the forecast period.
In Asia-Pacific, China was the highest revenue contributor with $17.2 billion in 2019, and is estimated to reach $30.5 billion by 2027, registering a CAGR of 9.5%.

The tobacco market forecast is accomplished by considering fastest growing and largest segments. By type, the burley tobacco segment was the highest revenue contributor in 2019, as it contains some amount of sugar and has better taste as compared to other types of tobacco. By product, the cigarette segment held the largest tobacco market share due to constant product innovation in terms of flavor, size, ingredients, and nicotine level of cigarettes. Depending on the distribution channel, the specialty stores segment led the market, owing to availability of large variety of tobacco in these stores.

Furthermore, with consumers gradually shifting toward smoking alternatives in recent years, the introduction of innovative tobacco products in a variety of flavor options has become critical. As a result, manufacturers have shifted their focus to premium tobacco products made from flue-cured tobacco and fine whole leaf.

The introduction of numerous premium tobacco products by manufacturers, such as flavored, long & skinny, colored, and e-cigarettes, has created a strong outlook for the tobacco market growth. Increased investment in R&D has resulted in the introduction of products with lower levels of toxicants. This has aided in attracting a larger consumer base for tobacco products.

The major drivers of the tobacco market are surge in consumer knowledge and increased awareness of products & services through digital media and other sources combined with the advent of social media, which are educating consumers about the benefits of organic products. As a result, the demand for tobacco products is increasing. Furthermore, companies offering these products are increasing their investments in R&D, marketing, and expanding their distribution channels to maintain their market position.

The increased focus of market players on targeting young consumers through the launch of flavored cigarettes and tobacco products will support the regional market growth. Furthermore, leading tobacco manufacturers have implemented plans to improve retail infrastructure and brand campaign strategies.

There is strong evidence that smoking is linked to negative outcomes and increased COVID-19 severity. Smokers are more likely to contract coronavirus infection than nonsmokers. Smoking may also increase the risk of COVID-19 by increasing the enzymes that allow the virus to enter and damage lung cells. As a result, the consumption of tobacco was reduced during 2020, which had a negative impact on the market growth.

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Product launches, mergers & acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the tobacco industry. The key players in the global tobacco market include Altria Group, British American Tobacco, Eastern Co. SAE, Imperial Brands, ITC Ltd., Japan Tobacco International, KT&G, PT Gudang Garam Tbk, Scandinavian Tobacco Group, and Swisher.

Leading Market Players

Altria Group
Eastern Co. SAE
British American Tobacco
ITC Ltd.
Imperial Brands
KT&G
Japan Tobacco International
Scandinavian Tobacco Group
PT Gudang Garam Tbk
Swisher

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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.

Contact:
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Razor Blade Market Size Expected to Reach $2,351.3 Million | Key Player – BIC, Edgewell, Dorco, Kaili Razor, Feather Safety Razor Co. Ltd., Lord International Corporation

According to a new report published by Allied Market Research, titled, “Razor Blade Market by Type, Blade Material, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2028,”

The global razor blade market is expected to reach $2,351.3million by 2028 at a CAGR of 1.1% from 2021 to 2028.

Razor blade is a small and thin piece of sharp metal made of either stainless steel or carbon steel, which is generally used in a safety razor for shaving or removing facial hair and body hair. Traditionally, it was used by men for removing facial hair, but now it is also used for removing hair from various body parts, such as chest, arms, legs, and armpits, by both men and women.It gained immense popularity as it provides effortless and close shave with minimal irritation.

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Key Take Away

The razor blade market was valued at $2,189.0 million in 2020, and is estimated to reach $2,351.3 million by 2028, growing at a CAGR of 1.1% during the forecast period.
By type, the single edge segment is estimated to witness the fastest growth, registering a CAGR of 1.1% during the forecast period.
In 2020, depending on end user, the men segment was valued at $1,305.5 million, accounting for 59.6% of the global razor blade market share.
In 2020, the U.S. was the most prominent market in North America, and is projected to reach $102.4 million by 2028, growing at a CAGR of 1.0% during the forecast period.

The use of razor blade for removing body hair among the women population is growing. Women use safety razors and razor blades to remove hair from legs, arms, and armpits as they are concerned about their appearance and body odor. Moreover, the desire to look presentable at all times is fueling the demand for razor blade among women. Furthermore, some women suffer from Hirsutism that results in growth of dark hair in male-like pattern on face, back, and chest. Women suffering from Hirsutism are expected to use razor blades more often, there by boosting the demand for razor blade.

Shaving has become a part of the daily routine for people especially those working in corporates. Further, the growing use of razor blade is boosting the product demand. Razor blade is used for removing hair from body partsand as a cutting tool in kitchen to make chocolate curl for desserts, open containers, & peel vegetables. Moreover, men and women need to shave their body hair due to reasons such as personal hygiene, increased feeling of cleanliness, smell better, avoid unpleasant body odor, aesthetic reasons, and to improve athletic performance. In the fitness world, removing body hair is the most common practice to show off muscle definition. These factors contribute significantly to the growth of the global razor blade market.

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The report offers detailed segmentation of the global razor blade market based on type, blade material, end user, distribution channel, and region.
Based on blade material, the stainless steel segment is the largest and the fastest-growing segment. It garnered market share of around 77.3% in 2020. Stainless steel is highly preferred as a material for razor blade by both the manufacturers and consumers as it is highly tempered and stays sharp for longer time. It warms up quickly so that the user does not feel the cold of the metal on the skin. This makes stainless steel the most preferred segment among global consumers of razor blades.

On the basis of user, the women segment exhibited market share of around 40.3% in 2020. Women are more concerned regarding their appearance and body odor. This stimulates them to opt for razors and razor blades to remove unwanted body hair. This is a key driving force behind the growth of the women segment in the razor blade market. Sometimes, due to certain medical or genetic reasons, women may have dark hair on their face. This makes them opt for razor blades. Therefore, the women segment is expected to be the fastest-growing segment in the coming years.

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Based on region, North America held the largest market share in 2020, contributing to nearly one-third of the total share, and is projected to continue its dominance in terms of revenue by 2028. However, Asia-Pacific is projected to witness the fastest CAGR of 1.4% during the forecast period.

Leading players of the global razor blade market analyzed in the research include BIC, Edgewell, Dorco, Kaili Razor, Feather Safety Razor Co. Ltd., Lord International Corporation, Kai Company Ltd., Procter & Gamble, and Supermax.

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 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.

Contact:
David Correa
5933 NE Win Sivers Drive
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