A Market Place Research – Page 1306

Geotechnical Services Market Recorded 6.7% Y-O-Y Growth Rate in 2030

Global geotechnical services market is projected to reach $3.7 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. Geotechnical service helps determine if a site is suitable for a particular construction project. Geotechnics is a civil engineering discipline that deals with the theory of the mechanics of soils and rocks to study the physical properties of terrestrial materials. Geotechnical services include drilling a deep hole in the ground, collecting soil samples, testing the sample, analyzing the test report, and making suitable foundation recommendations. These services play an important role in the planning of large infrastructures, such as high-rise buildings, bridges, railways, tunnels, and similar construction projects on land and at sea. In addition to construction, geotechnical services are used in the oil & gas and mining industries.

Massive amount of investments made by government authorities for construction activities in emerging economies is one the factors responsible for driving the growth of the geotechnical services market. Moreover, developments in oil & gas projects is anticipated to benefit the geotechnical instrumentation & monitoring market in the coming years.

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The geotechnical services market analysis has been done on the basis of type, application, and region. On the basis of type, the market is fragmented into underground city space, slope & excavation, and ground & foundation. The underground city space segment is expected to hold the largest geotechnical services market share during the forecast period due to the use of underground city space, which is one of the prerequisites for the development of megacities. Depending on application, the market is categorized into bridge & tunnel, building construction, marine, mining, municipal, oil & gas, and others. The municipal segment was the major share contributor in 2020, whereas the oil & gas segment is projected to register a CAGR of 7.2% during the geotechnical services market forecast period.

Region wise, North America garnered the largest share, as the region houses major geotechnical services companies, especially in the U.S. Moreover, increase in number of new infrastructure projects is expected to escalate the demand for geotechnical instrumentation and monitoring tools. Therefore, rapid development of new infrastructures in the Americas is one of the major driving factors for the geotechnical services market growth in this region.

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The major companies profiled in geotechnical services industry are AECOM, Stantec, Geoquip Marine Group, WSP, Fugro, HDR, EGS Survey, Gardline Limited, Arup, and Kiewit Corp. These players have adopted strategies such as product launch and business expansion to sustain the competition and to strengthen their foothold in the market.

Key findings of the study

Region wise, North America is projected to grow at the highest CAGR of nearly 6.3%, in terms of revenue, during the forecast period.
On the basis of application, the municipal segment accounted for the largest market share in 2020.
Depending on type, the underground city space segment garnered the highest share in 2020.

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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.

Battery Recycling Market Recorded 19.5% Y-O-Y Growth Rate in 2030

Global battery recycling market is projected to reach $66.6 billion by 2030, growing at a CAGR of 19.5% from 2021 to 2030. Battery recycling referred to collection of batteries through various sources including portable electronic devices, electric vehicles, and other industrial energy storage purposes. After the end of battery life cycle, most batteries are disposed in landfills. It is important to recycle them to further reduce environmental pollution caused by these hazardous batteries. However, battery recycling is previously considered as a legislative activity; however, it is nowadays a more profitable way to recover metals through recycling of various batteries including lead acid, lithium-ion, and nickel metal hydride.

The global battery recycling market is anticipated to witness rapid growth, owing to increase in use of various automobiles such as electric & hybrid vehicles, which, in turn, is anticipated to fuel growth of the battery recycling market in upcoming years. Currently, there are established patented recycling methods that are available in the market. Therefore, battery recycling is done by patented methods of individual manufacturers or other organizations. Besides this, favorable government policies to support battery recycling infrastructure is driving the growth of this market. Whereas, complications related to lithium-ion batteries is the key growth barrier in this market.

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Depending on chemistry, the lead-acid battery segment held highest position in battery recycling market share of about 63.9% in 2020, and is expected to maintain its dominance during the forecast period. This is attributed to the fact that lead-acid battery is highly profitable in terms of recycling, has low cost over other battery types, and its greater adoption as it is the first commercial battery in energy storage applications. On the other hand, lithium-ion battery recycling may gather great momentum during the forecast period in response to the growing efforts to develop patented recycling methods.

On the basis of source, the industrial batteries segment held the largest share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to the wide application included in the industrial segment starting from renewable energy integration to forklift batteries, and UPS systems. Therefore, batteries are collected largely from an industrial source for recycling.

The market is analyzed across four major regions, namely, North America, Europe, Asia-Pacific, and LAMEA. Europe garnered dominant market share in 2020, and is anticipated to maintain this trend during the forecast period. This is attributed to numerous factors such as presence of huge consumer base and the existence of key players in the region. Moreover, regulations toward environmental pollution and rapid growth of electric vehicle industry in the region are anticipated to contribute toward growth of the battery recycling market in Europe.

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The global battery recycling market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the report include LI-CYCLE CORP., Accurec Recycling GmbH, Battery Solutions, Redwood Materials, Inc., Glencore International, Retriev Technologies, Umicore, Enersys, AkkuSer Oy, and Duesenfeld GmbH.

Other players operating in the value chain of the global battery recycling industry are Neometals Ltd., Primobius, Green Li-ion Pvt., Ltd., SungEel MCC Americas, Redux GmbH, and others.

Key Findings Of The Study

In 2020, the lead-acid battery segment accounted for majority of share of the global battery recycling market, and is expected to maintain its lead during the forecast period.
In 2020, the industrial batteries segment accounted for about 51.3%, and is expected to maintain its dominance till the end of the forecast period.
The transportation segment accounted for 43.8% in 2020, and is anticipated to grow at a rate of 19.3% in terms of revenue, increasing its share in the global battery recycling market.
Industrial is the fastest-growing application segment in the battery recycling market, and is expected to grow at a CAGR of 19.9%.
Asia-Pacific is expected to grow at the fastest rate, registering a CAGR of 20.2% during the battery recycling forecast period.
In 2020, Europe dominated the global battery recycling market with more than 35.78% of the market share, in terms of revenue.

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Insurance Claims Services Market : Global Report opportunity Analysis and Industry Forecast, 2021-2031Insurance Claims Services Market

Insurance Claims Services Market by Component (Hardware, Software, Services), by Type (Billing, Claims Processing, Contracting and Reimbursement, Others), by Deployment Mode (Cloud-based, On-Premises) and Region: Global Report opportunity Analysis and Industry Forecast, 2021-2031

Insurance claims services offer management software to the insurance industry, which further helps in enabling insurance providers to sort & analyze the claims. These solutions offered by the global insurance claims services include claim processing, contracting, reimbursement & payment release, and others, which help insurance providers in quick acceptation of claims. Furthermore, rapid enhancement of insurance claims services in the insurance industry is expected to increase fraud detection & security of the system. Therefore, demand for convenience, efficiency & security for insurance claims while sorting of filling is expected to boost the insurance claims services market growth for in the future.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Increase in adoption of artificial intelligence in insurance claims services:

Increase in acceptance of insurance services

Key benefits of the report:

This study presents analytical depiction of the global insurance claims services 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 market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global insurance claims services market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed market analysis based on the present and future competitive intensity of the market.

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Core Banking Solutions Market : Global Opportunity Analysis and Industry Forecast, 2020-2027

Core Banking Solutions Market by Component (Solution and Service), Deployment Model (On-Premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium Enterprises [SMEs]), Type (Enterprise Customer Solutions, Loans, Deposits, and Others), and End User (Banks, Credit Unions & Community Banks, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027. The global core banking solutions market size was valued at $9,856.45 million in 2019, and is projected to reach $28,785.85 million by 2027, growing at a CAGR of 14.6% from 2020 to 2027.

Core banking can be termed as a back-end system, which involves processing of banking transactions across various branches of a bank on a single platform. Core banking solutions (CBS) is a bank’s centralized system, responsible for ensuring seamless workflow by automating frontend & backend processes within a bank. Moreover, CBS provides customers with an access to banking facilities from any bank branches across a country and facilitates information across delivery channels. Furthermore, CBS helps banks in processing deposits & withdrawals, enhancing customer relationship management activities and transactions management.

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Top impacting factors

Surge in adoption of core banking technology
Huge maintenance cost & shortage of skilled workforce
Growth in mergers & acquisitions among banks & financial institutions across regions

Segment review

The core banking solutions market is segmented on the basis of component, deployment model, enterprise size, type, end user, and region. On the basis of component, the market is bifurcated into solution and service. In terms of deployment model, it is divided into on-premise and cloud. Based on enterprise size, the market is segmented into large enterprises and small & medium enterprises (SMEs). By type, it is segmented into enterprise customer solutions, loans, deposits, and others. On the basis of end user, the market is segmented into banks, credit unions & community banks, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key benefits for stakeholders

The study provides in-depth analysis of the global core banking solutions market share along with current & future trends to illustrate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the core banking solutions market size are provided in the report.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
An extensive analysis of the key segments of the industry helps to understand the global core banking solutions market trends.
The quantitative analysis of the global core banking solutions market from 2020 to 2027 is provided to determine the market potential.

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Core Banking Solutions Market Report Highlights

Aspects	Details
BY COMPONENT	SOLUTIONSERVICE
BY DEPLOYMENT MODEL	ON-PREMISECLOUD
BY ENTERPRISE SIZE	LARGE ENTERPRISESSMALL & MEDIUM ENTERPRISES (SMES)
BY TYPE	ENTERPRISE CUSTOMER SOLUTIONSLOANSDEPOSITSOTHERS
BY END USER	BANKSCREDIT UNIONS & COMMUNITY BANKSOTHERS
BY REGION	NORTH AMERICA (U.S., CANADA)EUROPE (UK, GERMANY, FRANCE, SPAIN, NETHERLANDS, ITALY, REST OF EUROPE)ASIA-PACIFIC (CHINA, INDIA, JAPAN, SINGAPORE, AUSTRALIA, REST OF ASIA-PACIFIC)
LAMEA	LATIN AMERICAMIDDLE EASTAFRICA
Key Market Players	CAPITAL BANKING SOLUTIONS, EDGEVERVE SYSTEMS LIMITED, FINASTRA, FIS, FISERV, INC., NCR CORPORATION, ORACLE, SAP SE, TATA CONSULTANCY SERVICES LIMITED, TEMENOS HEADQUARTERS SA

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Payday Loan Market: Growing Awareness about the Payday Loan among the Youth Population

Payday Loans Market Outlook – 2030

The global payday loans market size was valued at $32.48 billion in 2020, and is projected to reach $48.68 billion by 2030, growing at a CAGR of 4.2% from 2021 to 2030. A payday loan is a short-term unsecured loan, often characterized by high interest rates. This allows borrower to write a post-dated check to the lender for the payday salary, but receives part of that payday sum in immediate cash from the lender.

The COVID-19 pandemic has negatively impacted the payday loans market, owing to limited consumer spending caused by rise in pay cuts and job losses across the globe. In addition to this, growing interest rate by payday loan lenders and growing ban on essential and non-essential goods across the globe is adversely impacting the market growth.

Furthermore, it’s easy to get approved as there are very few requirements such as borrower must be 18 years old or above and have a job, driver’s license, and a bank account, these few requirements make larger number of people eligible for approval.

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Top Impacting Factors

Growing Awareness about the Payday Loan among the Youth Population

Large Number of Payday Lenders

Key Benefits For Stakeholders

The study provides an in-depth analysis of the global payday loans market forecast along with the current trends and future estimations to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on the global payday loans market trends is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2021 to 2030 is provided to determine the market potential.

Payday Loans Market Report Highlights

Aspects	Details
BY TYPE	STOREFRONT PAYDAY LOANSONLINE PAYDAY LOANS
BY MARITAL STATUS	MARRIEDSINGLEOthers
BY CUSTOMER AGE	LESS THAN 2121 TO 3031 TO 4041 TO 50MORE THAN 50
BY REGION	NORTH AMERICA (US, Canada)EUROPE (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe)ASIA PACIFIC (China, India, Japan, South Korea, Australia, Rest of Asia Pacific)LAMEA (Latin America, Middle East, Africa)
Key Market Players	CASHFLOAT, CASHNETUSA, CREDITSTAR, LENDING STREAM, MYJAR, SILVER CLOUD FINANCIAL, INC, SPEEDY CASH, THL DIRECT, TITLEMAX, TMG LOAN PROCESSING

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Takaful Insurance Market : Projected to reach $97.17 billion by 2030, growing at a CAGR of 14.6%

The global takaful insurance market was valued at $24.85 billion in 2020, and is projected to reach $97.17 billion by 2030, growing at a CAGR of 14.6% from 2021 to 2030.

Takaful is a type of Islamic insurance wherein members contribute money into a pool system to guarantee each other against loss or damage. Takaful insurance is based on sharia or Islamic religious law, which explains responsibilities of individuals to cooperate with each other and protect one another. Generally, takaful policies cover health, life, and general insurance needs. With having risk-sharing model concept, takaful insurance remains largely confined to the Muslim countries.

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Top Impacting Factors

Market Penetration Among Muslim Majority Countries

Muslim majority countries such as the UAE, Saudi Arabia, Oman, Malaysia, and others, consider takaful insurance to be an ethical way of insurance according to the Islamic law. These countries have a higher penetration of takaful insurance as compared to the conventional insurance, as conventional insurance is considered unethical according to the Islamic law. Therefore, it is easier for the market players to increase penetration among the Muslim majority market. Furthermore, government initiatives toward takaful insurance are helping the market to flourish in countries such as Saudi Arabia, Malaysia, and UAE. Thus, these factors are propelling the growth of the takaful insurance market.

Lower Chances of Financial Loss in Takaful Insurance

According to the Islamic law, the premium collected should be pooled and used at times when the members face any kind of emergency such as medical issues, business losses, and others. Therefore, in case any such claim arises, the insured gets the required amount to cover the risk. In addition, in case no such claim is made, then the surplus amount is distributed among the members, unlike conventional insurance. Therefore, chances of financial loss are reduced drastically. These factors attract many new members to make donations in the takaful insurance. As a result, this is a major factor boosting the growth of takaful insurance market.

Key Market players

Abu Dhabi National Takaful Co.
Allianz
AMAN Insurance
Islamic Insurance
Prudential BSN Takaful Berhad
Qatar Islamic Insurance
SALAMA Islamic Arab Insurance Company
Syarikat Takaful Brunei Darussalam
Takaful International
Zurich Malaysia

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Wi-Fi 6 Market Trends, Business Strategies and Opportunities with Key Players Analysis by 2031

Increase in number of internet users and rise in demand for wireless broadband during the Covid-19 pandemic have boosted the growth of the global Wi-Fi 6 Market. The market across Asia-Pacific is projected to portray the fastest CAGR of 22.3% during the forecast period. The lockdown enforcement increased adoption of digital learning platforms for digital education, which fueled the market growth.

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The global Wi-Fi 6 market report offers detailed segmentation of the market based on component, enterprise size, location, industry vertical, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps investors, market players, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.

Based on location type, the outdoor segment held the largest share in 2021, accounting for nearly two-thirds of the market, and is expected to maintain its dominance in terms of revenue by 2031. However, the indoor segment is estimated to witness the largest CAGR of 21.0% during the forecast period.

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Based on industry vertical, the IT and telecom segment held the lion’s share in terms of revenue in 2021, contributing to more than two-fifths of the market. However, the travel and hospitality segment is projected to register the highest CAGR of 23.9% during the forecast period.

On the basis of enterprise size, the large enterprises segment dominated the market in 2021, accounting for around three-fifths of the global Wi-Fi 6 market, and is projected to maintain its leading position throughout the forecast period. However, the SMEs segment is estimated to showcase the highest CAGR of 20.9% during the forecast period.

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Based on region, the market across North America accounted for the highest share in 2021, contributing to more than one-third of the total market share, and is projected to continue its leadership status by 2031. However, market across Asia-Pacific is projected to portray the fastest CAGR of 22.3% during the forecast period. The research also analyzes regions including Europe and LAMEA.

Leading players of the global Wi-Fi 6 market analyzed in the research include Apple Inc., Aruba Networks, Asustek Computer Inc., AT&T, Broadcom, Cisco Systems, Fortinet Inc., Hewlett-Packard Company, Huawei Technologies, Intel Corporation, Juniper Networks, Linksys Holdings, Inc., Microsoft Corporation, NXP Semiconductors, Qualcomm Inc., Samsung Electronics Co. Ltd, and Sterlite Technologies Limited.

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Covid-19 Scenario:

The Covid-19 pandemic drastically affected the businesses across the globe. However, the prolonged lockdown, especially in the Asian and European countries positively impacted the adoption of Wi-Fi 6 devices.
During the pandemic, the number of Wi-Fi 6 connected devices experienced a steep increase. The lockdown enforcement heightened the adoption of digital learning platforms for digital education, which fueled the market growth.
Manufacturers collectively were forced to deploy several agile approaches for quality control.

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

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Router Market

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Leisure Travel Market is Expected to Reach $1,737.3 Bn by 2027 | Group Segment is Expected to Retain its Dominance Throughout the Forecast Period

According to a new report published by Allied Market Research, titled, “Leisure Travel Market by Traveler Type, Sales Channel, By Age Group and By Expenditure Type: Opportunity Analysis and Industry Forecast, 2021–2027,”. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porter’s Five Forces, and competitive scenario. The global leisure travel market size was valued at $1,006.5 billion in 2019, and is projected to reach $1,737.3 billion by 2027, registering a CAGR of 22.6% from 2021 to 2027.

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New trends have emerged due to the rapid development of global outbound tourism. Citizens perceptions have changed from meeting everyday needs to improving quality of their life. Now more than ever, travel plays a vital importance in hectic lifestyle of people. Leisure holiday remained most preferable travel type, however, adventure tourism have gained wide traction in the past few years.

The outbound leisure travel have gained significant momentum at the starting of 21st century as the result of rise in disposable income, expansion of logistics & infrastructure, rigorous promotion & advertising of tourism by governments. The outbound tourism market has expanded sprightly, as a result the number of outbound tourists maintained robust growth each year from 2002 to 2018. The number of global outbound tourists surpassed a record 1.4 billion in 2018.

Evidence of evolving leisure travel market is emanating across regions whether developing or developed. Deployment of digital technologies including but not limited to artificial intelligence, big data and analytics, Internet of Things will continue to remain in cynosure for rapidly developing tourism industry. The increasing advent of digitalization will continue to foster bringing paradigm shift in the leisure travel and tourism industry regarding how engaged stakeholders will reach out to tech-savvy customers.

Based on age group, the generation X segment held the major share in 2018, garnering nearly two-fifths of the total market. Simultaneously, the millennials segment would register the fastest CAGR of 6.6% till 2026. The segment of generation Z is also analyzed in the market report.

UK is at the verge of Brexit and no deal exit might have appalling ramifications on the outbound tourism market. According to AMR analysis a no deal Brexit might cause a drop of about 5-7% in out bound travelers from UK. Spain, France and Italy would see a significant drop of tourists travelling from UK owing to weaker exchange rate, imposition of tariffs, higher air fare rates and higher travel insurance premiums. A decrease in the value of British currency will result in changing UK residents preferences for domestic holidays A no deal scenario will result in increased overall expenditure incurred by UK residents. No deal exit will have cascading effect to the UK economy, which will negatively impact UK outbound tourism industry.

In addition, the travel & tourism industry will suffer a loss of $910 billion to $1.2 trillion in export revenues from tourism in 2020, which is further expected to hamper the growth of the market. Moreover, according to UNWTO, the pandemic is likely to increase unemployment by putting around 100 to 120 million direct tourism jobs at risk, thereby restraining the growth of the leisure travel market.

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The key players profiled in the report includes Expedia Group, Priceline Group, Carlson Wagonlit Travel, JTB Americas Group, World Travel, Inc., American Express Travel, Travel Leaders Group, TUI Group., Thomas Cook (India) Limited and Cox & Kings Ltd.

Key Findings Of The Study:

○ By traveler type, the group segment dominated the global market in 2019, and is expected to retain its dominance throughout the forecast period.
○ By age group, the Generation-X segment led the global leisure travel market demand in 2019, and is expected to retain its dominance throughout the forecast period.
○ By expenditure type, the lodging segment dominated the global market in 2019, and is expected to retain its dominance throughout the forecast period.
○ By sales channel, the online channels segment accounted for highest share in the leisure travel market growth in 2019, and is projected to grow at a CAGR of 23.1% from 2021 to 2027.
○ By region, Asia-Pacific accounted for highest leisure travel market share in 2019, and is expected to grow at a CAGR of 24.1%.

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○ Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
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○ To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors.

Related Reports:

○ Travel Risk Management Services Market is projected to reach $223.62 billion by 2031
○ Virtual Tour Market Growing at a CAGR of 31% From 2021 to 2030
○ Wellness Tourism Market registering a CAGR of 7.2% from 2021 to 2030
○ Ecotourism Market registering a CAGR of 14.3% from 2021 to 2027

Source: https://www.globenewswire.com/en/news-release/2020/02/10/1982681/0/en/Leisure-Travel-Market-Is-Expected-to-Reach-1-46-Billion-by-2026-Says-AMR.html

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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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Compression Wear and Shapewear Market Size to Rise $355.5 Million by 2031 | Retail Stores Channel will Exhibit a Decent Growth Rate

According to a new report published by Allied Market Research, titled, “Compression Wear and Shapewear Market by Product Type, Gender, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030″. The compression wear and shapewear market size was valued at $4 billion in 2020, and is projected reach $6.9 billion by 2030, registering a CAGR of 7.7% from 2021 to 2030.

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Compression wear & shapewear are tight-fitted apparels designed specifically to keep the body in a certain posture. Increase in disposable income of customers, advancements in the fabric technology & garment designs, rise in popularity of shapewear among the geriatric population, and change in lifestyles drive the market growth of shapewear segment.

The male users segment leads the global compression wear & shapewear market, owing to higher adoption of compression wear. Moreover, majority of men also prefer compression garments during a workout, further fueling the demand from the male consumer segment. The female consumer segment is expected to grow at a highest growth rate over the anticipated period, owing to rise in female interest for fitness and comfortable clothing and increase in participation of women in sports activities. Furthermore, companies such as Nike, Under Armour, and others have started to target the women segment with the launch of new product lines and establishment of women-specific stores.

Application wise, the performance & recovery segment accounted for the maximum revenue share of $2.96 billion in 2020. This segment is expected to grow at the highest CAGR of 6.2% during the forecast period, owing to extensive usage of compression wear to prevent injuries, improve blood circulation, and speed up recovery.

Among various distribution channels, the specialty retail stores segment held the highest revenue share of 62%, and is expected to maintain its dominance ahead as well. This segment constitutes company-owned outlets that possess extensive penetration in various geographies and sell wide product lines of compression wear and shapewear. However, the compression wear & shapewear market growth is expected through online sales channels with a high CAGR of 8.6%, owing to wide product availability on e-commerce websites and rise in Internet penetration in Asia-Pacific and LAMEA.

The compression wear segment dominated the overall market in 2020, accounting for over 70% of the revenue, due to the widespread usage of various types of compression wear by professional athletes and lifestyle users practicing recreational exercises. Growth of this segment is driven by the vast health benefits offered by these garments, such as improved performance, body temperature maintenance, reduced muscle fatigue, and prevention of injury. A significant rise in number of lifestyle users in developing regions and rise in trend of using compression wear as an athleisure wear are expected to increase the demand for compression wear.

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Some of the key players operating in the global compression wear & shapewear market such as Nike Inc., Spanx Inc., Adidas AG, Triumph International Corporation, Leonisa SA, Wacoal America Inc., Ann Chery, 2XU Pty Ltd., Under Armour Inc., and Jockey.

Key Findings Of The Study:

○ Based on type segment, the compression wear segment accounted for the highest compression wear & shapewear market share in 2020, growing at a CAGR of 8% and shapewear was growing type with a CAGR of 5.1% between the years 2021 and 2030.
○ On the basis of the gender, male category accounted for about 53% of market share in 2020. However, the female category is expected to grow at a higher CAGR of 6.1% during the forecast period, owing to the increasing consumer males and improving economic stability.
○ Among the distribution channel, specialty retail stores channel will exhibit a decent growth rate over the coming years. However, COVID-19 has led down the revenue generation from these sales channels in the year 2020.
○ Based on regions, North America accounted for about 42% of the market by share and is expected to grow at a CAGR of 7.7% during the forecast period.

Reasons to Buy This Compression Wear and Shapewear Market Report:

Related Report:

○ Sports Events Market is projected to reach $609.07 billion by 2031
○ Sustainable Athleisure Market Will Show An Increase Of By 2027, Report
○ Luxury Apparels Market is projected to reach $278,181.5 million by 2031

Source: https://www.globenewswire.com/Ne/news-release/2021/12/14/2351756/0/en/Global-Compression-Wear-and-Shapewear-Market-Is-Expected-to-Reach-6-95-Billion-by-2030-Says-AMR.html

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Key Findings Of The Study:

Reasons to Buy This Compression Wear and Shapewear Market Report:

Related Report:

○ Sports Events Market is projected to reach $609.07 billion by 2031
○ Sustainable Athleisure Market Will Show An Increase Of By 2027, Report

○ Rainwear Market is projected to reach $1,862.6 million by 2030
https://www.alliedmarketresearch.com/rainwear-market-A13741

○ Luxury Apparels Market is projected to reach $278,181.5 million by 2031
https://www.alliedmarketresearch.com/luxury-apparels-market

Source: https://www.globenewswire.com/Ne/news-release/2021/12/14/2351756/0/en/Global-Compression-Wear-and-Shapewear-Market-Is-Expected-to-Reach-6-95-Billion-by-2030-Says-AMR.html

Football Sportswear Market Size to Rise $2.2 Billion, Globally and by 2031, Men Segment Accounting for 61.8% of Market Share

Allied Market Research published a new report, titled, “Football Sportswear Market by Type, End User and Distribution Channel: Global Opportunity Analysis and Industry Forecast 2021–2027″. The global football sportswear market size is expected to reach $114,414.1 million by 2027 at a CAGR of 5.3% from 2021 to 2027. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

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According to the football sportswear market trends, on the basis of end user, the men segment is estimated to reach $66,376.1 million by 2027, at a CAGR of 4.4%. This segment has gained a major share in the global football sportswear market and is expected to sustain its share during the forecast period 2021-2027.

People are choosing football as career, where they can find jobs as trainers, and analysts. Various football clubs and academy programs are gaining major popularity in emerging countries such as India and China, which attract people to choose football sport as a career option. For instance, top football academies operating in India include Indian Tigers Football Academy (ITFA), Bhaichung Bhutia Football Schools (BBFS), DSK Shivajians Academy, Paris Saint-German Academy India, and BOCA Juniors Football School India.

Football sportswear includes shoes, socks, track pants, shirts, and shorts, which are worn by football players and trainers. Growth in participation in football sports, interest of audience for football events, and desires to maintain a sporty look and follow latest fashion trends further drives the football sportswear market growth. Football sports apparel has gained significant traction in the global sportswear market, owing to growth in health awareness and increase in adoption of fitness activities

On the basis of distribution channel, the brand outlets segment is estimated to reach $37,616.3 million by 2027, at a CAGR of 5.6%. Brand outlets are owned and operated by manufacturers. In this, manufactures such as Puma, Adidas, and Nike sell their own brand products through stores. People are increasingly buying products through brand outlets, owing to benefits associated with them such as heavy discounts, cheaper prices, and product availability, which are not available through distribution channels.

Football was mainly concentrated to men segment only but now-a-days women are the emerging audience for football events. Growth in advancements in football shoes has been majorly attracting men football fans and football players. Nike Mercurial Vapor Superfly II CR, Adidas F50 Adizero MiCoach, Joma Super Regate, NIKE ID- Boot Customization, ADIDAS CRAZYLIGHT, and Puma NeonLite 2.0 are some of the advanced shoes, which have gained significant traction among sportsmen. For instance, FlyWire consists of strands made from Vectran, which is thinner than human hair yet stronger than steel. These strands are placed in strategic areas to provide support and it is weightless.

Region wise, Asia-Pacific has gained considerable traction in the football sportswear market, and is expected to grow at the highest CAGR during the forecast period. Emerging economies such as India and China have gained significant popularity for football events and participation in football sports is gradually increasing.

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The players operating in the football sportswear market have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market and gain football sportswear market opportunities.

The key players profiled in this report include Adidas AG., Asics Corporation, Columbia Sportswear Company, Fila Holding Corporation, Lululemon Athletica, Inc., Nike, Inc., New Balance, Inc., Ralph Lauren Corporation, Puma SE, and Under Armour, Inc.

Key Benefits For Stakeholders:

○ The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.
○ Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
○ In-depth analysis and the market size and segmentation assist to determine the prevailing football sportswear market opportunities.
○The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the football sportswear industry.

Reasons to Buy This Football Sportswear Market Report:

○ Mergers and acquisitions should be well-planned by identifying the best manufacturer.
○ Sort new clients or possible partners into the demographic you’re looking for.
○ Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
○ Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
○ To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
○ Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
○ To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors.

Related Reports:

○ Sports Equipment and Accessories Market Business Opportunities 2027
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Source: https://www.globenewswire.com/news-release/2021/02/15/2175519/0/en/Football-Sportswear-Market-to-Reach-114-41-Bn-Globally-by-2027-at-5-3-CAGR-Allied-Market-Research.html

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