A Market Place Research – Page 1320

Augmented Reality Market Size Growing At a CAGR of 41.4% to 2031

According to a new report published by Allied Market Research, The augmented reality market was valued at $24.2 billion in 2021, and is estimated to reach $411.4 billion by 2031, growing at a CAGR of 33.2% from 2022 to 2031.

Technological advancements like iOS 16, and the recent software update of the iPhone have introduced the new Apple Room-Plan API which uses the LiDAR scanner in recent iPhone Pro models to create a 3D room plan. LiDAR is a technology that emits lasers and calculates the time it takes for the light to return to the sensor in order to precisely measure the distance between the device and the objects. According to Apple, the API can be useful for real estate, architecture, and interior design apps, since it is precise and easy to use.

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Growing augmented reality security and privacy concerns will present a significant technical challenge to the market. The high cost associated with research and development for cutting-edge technology solutions and the lack of skilled or trained professionals or technological expertise, particularly in developing and underdeveloped economies will further restrain market expansion. The health dangers associated with technology are extremely high. Wearers of AR devices are generally lost in virtual content, which causes behavioral changes, hearing loss, and eye and/or hearing impairment. All these factors are anticipated to hamper augmented reality market growth in the forecast time frame.

Impact of Covid-19 on the Global Augmented Reality Industry

The COVID-19 pandemic had a slight positive impact on market growth. Following the onset of the COVID-19 pandemic, the use of augmented reality (AR) in marketing and advertising to organize virtual events, product debuts, virtual exhibitions, and online ads has gained traction.
As less number of workers and labors were available for work in manufacturing companies during the COVID-19 pandemic time period, the demand for the augmented reality industry has increased considerably.
Companies have started installing augmented reality apps for product assembly, manufacturing, task analysis, production line functions and solution-seeking. Hence, the growing need for remote assistance and collaboration from companies involved in workflow optimization and management molds well for the growth of the market.

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The global augmented reality market has grown at an unbelievable rate as a result of the growing demands for 3D imaging in the healthcare industry. Rising digitization, especially in developing countries, coupled with a stronger focus on technology, and the development of the internet of things will generate more lucrative market growth opportunities. In addition to these, rising popularity of e-commerce will also contribute to market growth.

Automotive firms are also rapidly adopting augmented reality technology into their vehicles in order to improve customer experience and differentiate themselves from their market competition. AR technology not only gives customers a more immersive experience, but it also aids producers in exploring new production and design options. These factors are anticipated to propel the market in the future.

The global augmented reality market share is segmented on the basis of component, device type, end-use and region. By component, the market is sub-segmented into hardware and software. By device type, the market is sub-segmented into head-mounted display, handheld display and others. By end use, the market is sub-segmented into retail, healthcare, manufacturing & construction. By region, the augment reality market analysis if provided for major regions namely North America, Europe, Asia-Pacific, and LAMEA.

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Some of the leading augmented reality market players are Google LLC, Microsoft, DAQRI, Niantic Inc, Ptc Inc., Apple Inc, Magic Leap Inc, Seiko Epson Corporation, TreeView, and CXR.

The report offers a comprehensive analysis of the global augmented reality market forecast is presented by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market.

The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and the emergence of substitutes in the AR market.

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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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Augmented Reality in Retail Market

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E-Discovery Market -Global Top Industry Players Analysis 2021-2031

Electronic discovery (often referred to as e-discovery or eDiscovery) is the discovery of material in digital form during legal procedures such as litigation, government investigations, or information rights requests as electronically stored information (ESI). Electronic discovery is governed by civil procedure standards and agreed-upon methods, which frequently include a review for privilege and significance before data is given over to the seeking side of a lawsuit.

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Increasingly stringent monitoring, cross-border privacy legislation, and sophisticated benchmark datasets have contributed to the expansion of the scope and size of eDiscovery techniques. Software-as-a-service (SaaS) and artificial intelligence (AI) have transformed eDiscovery practices, to become cost-effective as it helps companies reduce their overall operating expenses. The modern eDiscovery software market has evolved into a critical tool for the company’s operations.

According to eDiscovery market research, the solutions segment was the highest revenue contributor to the market and is expected to remain dominant during the forecast period. The rise in the adoption of cellphone-based data analytics technology has led to increasing in the growth of the services segment.

The outbreak of COVID-19 has significantly impacted the eDiscovery solution market growth. The rise in demand for digital evidence across various sectors has significantly propelled the growth of the eDiscovery service market during the pandemic. However, the emergence of the third wave of COVID-19 across the U.S. and UK is anticipated to affect the growth of the eDiscovery market in 2022. Moreover, the BFSI sector globally started to deploy eDiscovery solutions and thus is expected to drive the eDiscovery market growth post-pandemic.

According to Akansha Priya Gandham, Lead Analyst, Semiconductor and Electronics, at Allied Market Research, “The global eDiscovery market share is expected to witness considerable growth, owing to increase in adoption in digitalization and AI driven-solutions, especially in North America and Europe, due to increasing protection of metadata solution in these regions.”

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Region-wise, North America holds a significant share in the global eDiscovery industry, owing to the presence of prime players in this region. The adoption of forensics & collections and data analysis is expected to propel the growth of the eDiscovery industry in this region. Moreover, a surge in awareness of investigation, litigation & legal operations and freedom of the information act (FOIA) eDiscovery use case request in North America is anticipated to drive the eDiscovery market trends in this region.

KEY FINDINGS OF THE STUDY

On the basis of offering, the solutions segment was the highest revenue contributor to the market and is estimated to grow with an impressive CAGR.
Investigation and litigation & legal operation use cases are widely being applied in various government and corporate legal proceedings.
On the basis of region, North America is expected to prevail in its dominance during the forecast period.
The report provides a quantitative analysis of the global competitive landscape.

The key players profiled in the report include CloudNine, CS DISCO Inc., Deloitte Touché Tohmatsu Limited, International Business Machines Corporation, KLDiscovery Limited, Lighthouse eDiscovery Inc., Microsoft Corporation, Nuix Limited, Onna Technologies Inc. and ZyLAB Technologies. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the eDiscovery market.

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

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

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Customer Engagement Solutions Market 2031 – Latest Study On Segmentation Analysis, And Industry Trends

An increase in the adoption of customer engagement solutions, extensive use of E-commerce and M-commerce platforms among people across the globe, rise in focus on delivering enhanced customer engagement are expected to drive the growth of the global customer engagement solutions market. Surge in demand for digital support, fraud detection solutions, and other solutions during the COVID-19 pandemic had a positive impact on the market.

According to the report published by Allied Market Research, the global customer engagement solutions market generated $18.5 billion in 2021, and is projected to reach $48.4 billion by 2031, growing at a CAGR of 10.2% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape.

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The report offers detailed segmentation of the global customer engagement solutions market based on offering, deployment mode, enterprise size, industry vertical, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest growing segments and highest revenue generation that is mentioned in the report.

Based on offering, the solution segment held the dominating market share in 2021, holding nearly three-fourths of the global market, and is expected to maintain its leadership status during the forecast period. The service segment, on the other hand, is expected to cite the fastest CAGR of 11.1% during the forecast period.

Based on deployment mode, the on-premise segment held the largest market share in 2021, holding nearly three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The cloud segment, on the other hand, is expected to cite the fastest CAGR of 11.1% during the forecast period.

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Based on enterprise size, the large enterprises segment held the dominating market share in 2021, holding more than two-thirds of the global market, and is expected to maintain its leadership status during the forecast period. The SMEs segment, on the other hand, is expected to cite the fastest CAGR of 11.8% during the forecast period.

Based on region, the market across North America held the largest market share in 2021, holding nearly two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 11.8% during the forecast period.

The key players analyzed in the global customer engagement solutions industry report include Avaya Inc., Alvaria, Creatio, CRMNEXT, eGain Corporation, Enghouse Systems, IBM Corporation, Microsoft Corporation, NICE, Oracle Corporation, Open Text Corporation, Pegasystem Inc, SAP SE, Salesforce, Inc, ServiceNow, Verint Systems Inc, Zendesk.

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The report analyzes these key players in the global customer engagement solutions market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.

COVID-19 Scenario:

The outbreak of COVID-19 has had a positive impact on the growth of the global customer engagement solutions market.
Lockdowns resulted in the closure of various manufacturing facilities, shopping malls, physical stores, and others which subsequently increased the demand for customer engagement solutions.
This is mainly because people were increasingly making effective use of e-commerce and m-commerce platforms to purchase various items.
As a result of the outbreak caused by the COVID-19 pandemic, stringent social distancing restrictions were imposed by the government to curb the spread of the virus during the pandemic. Thus, increased use of e-commerce platforms among people significantly expanded market growth.

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Water Tank Market will Gain Momentum by 2027 to Surpass $4,736.5 Million – Beltenco Corporation, Sintex, Pipeco Tanks

According to a new report published by Allied Market Research, titled, “Water Tank Market By Type, Application and Location: Opportunity Analysis and Industry Forecast, 2021–2027,” The global water tank market size was valued at $3,686.1 million in 2019, and is projected to reach $4,736.5 million by 2027, registering a CAGR of 3.2% from 2021 to 2027.

The plastic segment is expected to retain its dominant position, in terms of revenue generation, throughout the forecast period. Asia-Pacific held a leading position in the global market in 2019, and is expected to maintain its dominance in the future.

The growth of the water tank market can be attributed to the rise in need for potable water all around the world due to the surge in population. Water tank is a necessary item in households and in institutional application to keep the supply of water constant throughout the day.

Application of water tanks in areas such as construction, agriculture, and aquaculture has led to consistent sale of water tanks all around the world and hence has made way for the growth of water tanks industry. However, issue of water safety in plastic water tanks remains the major restraint for the water tank market as most plastic tanks are known to alter the properties of water it stores. On the contrary, growing use of water tanks for underground water storage for conservation and growing demand for portable water tanks is expected to provide opportunities for the water tank market growth.

The water tank market is segmented into type, application, location, and region. The type segment includes steel, plastic and fiberglass. On the basis of application, the market is divided into household and institutional. By location, the water tank market is classified into underground, outdoor and indoor. Region wise, it is analyzed across North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Indonesia, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa and Rest of LAMEA).

Based on the water tank market analysis by type, the plastic segment was the highest revenue-generating segment, accounting for a major share in 2019. The growth in this segment can be attributed to features such as easily available, affordability and having quick installation time. The steel segment is expected to witness modest growth rate of 2.7% during the forecast period. However, the fiberglass segment is expected to garner the fastest growth rate throughout the forecast period.

Based on the water tank market forecast by application, the institutional segment generated maximum revenue in 2019. The dominance of this segment can be attributed to growth in the number of offices and public institutions all around the world. The household segment is expected to grow at a steady growth rate of 2.9% through the forecast period.

By location, the outdoor segment generated maximum revenue in 2019. The dominance of this segment can be attributed to water tanks being traditionally being installed outside or at the top of the building. The underground segment is expected to grow at a steady growth rate of 3.2% through the forecast period.

Region wise, Asia-Pacific was the largest market, in terms of revenue generation, with almost one-third share in 2019. This region is further expected to expand at a CAGR of 4.4% during the forecast period. The growth in this region can be attributed to high number of households and rise in the construction of new buildings and public places. The North America region is expected to grow at a steady growth of 2.4 through the forecast period.

Key Findings Of The Study

On the basis of type, the fiberglass segment is projected to witness the highest CAGR of 3.9%, in revenue terms, during the forecast period.
On the basis of application, the institutional segment is expected to dominate the market from 2021 to 2027.
The outdoor segment is expected to grow at a significant CAGR during the forecast period.
U.S. was the largest country, in terms of revenue generation for water tank in 2019.
Asia-Pacific is anticipated to witness highest growth rate, registering a CAGR of 4.4% from 2021 to 2027.

Global Leaders:

Key players in the water tank market have relied on strategies such as product launch and business expansion, to expand their market share and to stay relevant in the global water tank market share. The key players in the water tank industry profiled in the report are Beltenco Corporation, Sintex, Pipeco Tanks, Design Tank, Fiber Technology Corporation, Crom Corporation, Plastic Proget European Srl, Synalloy Corporation, ZCL Composites, and DN Tanks, Inc.

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Kids Trolley Bags Market Expected to Reach $662.8 Million by 2026

According to a new report published by Allied Market Research, titled, “Kids Trolley Bags Market by Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,” The global kids trolley bags market size was valued at $347.3 million in 2018 and is projected to reach $662.8 million by 2026, registering a CAGR of 8.6% from 2019 to 2026.

Kids trollies are the type of wheeled suitcases or bags for kids. These are used to carry traveling material such as clothing, toiletries, trip necessities, and the souvenirs on the return trip. The hard luggage segment is anticipated to witness substantial growth owing to the rise in disposable income of consumers, thus enabling them to spend on luxury traveling products.

The factors that promote the growth of the kids trolley bags industry include changes in lifestyle, rise in tourism promotion, increase in accessibility of transport facilities, and others. Factors such as technological advancements increase easy access to hotel & transport booking through online portals, which further boost the market growth. Continuous development in the travel & tourism industry accelerate the growth of global travel & tourism industry, which in turn supplements the growth of the kids trolley bags market.

Moreover, improvement in economic condition and growth in disposable income are the significant factors that propel the growth of the kids trolley market. However, rapid growth of the travel bag industry also attracts the counterfeit industry. This counterfeit industry is significantly growing across various industries. These fake products are generally of low quality and often lead to inconvenience & safety issues to consumers and develops negative perceptions among consumers, which is anticipated to hamper the of the global kids trolley bags market growth.

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The kids trolley bags industry is segmented on the basis of type, distribution channel, and region. Based on type, the market is bifurcated into hard luggage and soft luggage. Based on distribution channel, the market is categorized into supermarkets/hypermarkets, specialty stores, online stores, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The hard luggage segment in the kids trolley bags market is expected to grow comparatively faster than soft luggage, witnessing a CAGR of 8.8%. This is attributed to higher durability of hard luggage kids trolley bags and increase in awareness about the luxury travel products. However, the soft luggage kids trolley bags is expected to grow at a CAGR of 8.4% throughout the forecast period owing to higher affinity of children toward duffel bags.

Based distribution channel, the online stores segment was the major revenue contributor to the global kids trolley bags market share in 2018. In addition, the specialty stores segment is expected to witness a gaining market share due to option of physical comparison between products before purchase.

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Based on kids trolley bags market forecast by region, the market is dominated by Europe, particularly the highly developed regions such as the UK and Germany and followed by France. This can be attributed to higher outbound travels from these regions and higher disposable income of people in this region. Asia-Pacific is the fastest growing regional market with a CAGR of 10.3% throughout the forecast period. In addition, LAMEA is expected to witness a significant growth rate during the forecast period with an increase in the affluent population.

Key Findings of the Kids Trolley Bags Market :

In 2018, based on distribution channel, the online segment was the most prominent segment witnessing the highest growth during the forecast period.
In 2018, based on type, the hard luggage segment was the highest contributor to the market and is expected to grow at a significant growth rate throughout the forecast period.
In 2018, based on region, the Asia-Pacific regional segment accounted for one-fourth share and is projected to grow at the highest during the forecast period.
In 2018, based on region, Europe was the highest revenue contributor, accounting for the maximum share in the global market and is estimated to grow at a CAGR of 7.8%

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Global Leaders:

The key players operating in this market are Cabin Max, DC Comics (the Araca Group), Disney, Micro Mobility Systems AG, Samsonite International SA, Trunki, TRUNKI, VIP Industries Ltd., and Wildkin. Leading players are continuously evaluating their products on durability, convenience and customer preference to provide seamless customer experience.

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K-Beauty Products Market will Gain Momentum by 2027 to Surpass $13.9 Bn – ABLE C&C CO, Adwin Korea Corp, The Beauty Factory

According to a new report published by Allied Market Research, titled, “K-Beauty Products Market by Product Type, End User and Distribution Channel: opportunity analysis and industry forecast, 2021–2027,” The global K-beauty products market size was valued at $10.2 billion in 2019 and is projected to reach $13.9 billion by 2027, registering a CAGR of 9.0% from 2021 to 2027.

Key Players:

ABLE C&C CO.
Adwin Korea Corp
Annie’s Way International Co.
The Beauty Factory
Bluehug
BNH Cosmetics
Ceragem Health and Beauty Co
CK Beauty Enterprise Inc.
LG Household & Health Care and AMOREPACIFIC CORPORATION

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K-beauty products refer to the skincare and makeup products originated from South Korea. These beauty products emphasize particularly on skin aesthetics such as health, hydration, and luminous textured skin. Korean women have traditionally favored glowing ‘glass’ skin over layers of foundation and lengthy skin care regimes with focus on toning and clarifying. Their beauty standards focus on the appearance of moisture on the skin, resulting in an augmented fondness for cremes over powders. Products in this segment are manufactured using unique ingredients such as snail slime, bee venom, starfish extract, pig collagen, and morphing masks.

The sheet masks segment is anticipated to exhibit the highest market share during the K-beauty products market forecast period. They can address different skin conditions such as tightening, moisturizing, soothing, brightening, and help sustain the skin’s beauty and health. Hence, owing to its convenience of use and affordability, the sheet masks acquire a large share in the K-beauty products market.

The K-beauty products market trends is primarily driven by the consumers inclination toward products inspired with unique ingredient formulas. For instance, the use of pearls in skin brightening products and propolis from bees for nourishing, are two other unusual components found in K-beauty products.

Global per capita income has witnessed a strong growth rate over past few years, particularly in emerging economies. Increase in urbanization, growth of middle class consumers, and surge in rate of female participation in labor force in many developing and developed markets has encouraged adoption of convenience-oriented lifestyles, making K-Beauty products more desirable. In addition, as consumers become more meticulous regarding their lifestyle choices, they are looking deeper than superficial solutions and choosing more traditional healthy approaches of beauty. Hence, the rise in demand for natural and organically derived ingredients in cosmetic and personal care products, has created new avenues in the K-beauty cosmeceutical market.

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Moreover, due to the outbreak of the COVID-19 pandemic, manufacturers have increased social media advertisement of using herbal skin care products to reach a large consumer base. However, implementation of lockdown and curfew practices globally is affecting the domestic as well as international production of skin care products, which in turn, hampers the growth of the overall market. Thus, the outbreak of COVID-19 has negatively impacted the K-Beauty products market in 2020, as sales of companies have reduced and operations have been halted.

Key Findings Of The Study

Based on product type, the sheet mask segment accounted for the highest K-beauty products market share in 2019, growing at a CAGR of 8.7% and cleanser segment growing fastest with a CAGR of 11.0% between 2021 and 2027.
Based on end user, the female segment accounted for about 69% of the market share in 2019. However, the male is expected to grow at a CAGR of 9.9% during the forecast period.
Based on distribution channel, the specialty/monobrand store segment accounted for about 57.4% of the market share in 2019. However, the online retail segment is expected to grow fastest at a CAGR of 11.2% during the forecast period.
Based on region, Asia-Pacific accounted for about 69.9% of the K-beauty products industry by share and is expected to grow at a CAGR of 8.1%.

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Herbal Toothcare Market Expected to Reach $2.3 Billion by 2026

According to a new report published by Allied Market Research, titled, “Herbal Toothcare Market by Type and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2019–2026,” the global herbal toothcare market size was $1.6 billion in 2018, and is projected to reach $2.3 billion by 2026, registering a CAGR of 3.0% from 2019 to 2026.

Mechanical plaque removal has been a widely accepted method for controlling gingivitis and plaque. To control plaque as well as prevent and reduce oral disease, various chemical formulations are being used. Chemicals such as chlorhexidine gluconate, fluoride, and triclosan, are widely accepted in toothpastes to prevent gingivitis and plaque. However, chemical formulations at times lead to undesirable side effects such as tooth discoloration, altered taste, and tooth staining. Furthermore, fluoride is considered toxic when ingested in high levels. Consumers today have become more health conscious and to avoid the health problems caused by chemicals, a transition toward natural products has been seen in the last few years. As a result, herbal ingredients for toothcare have gained increased attention from the engaged stakeholders in the herbal toothcare industry.

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Herbal ingredients in toothcare products such as toothpastes and mouthwashes, have several benefits. Herbal ingredients such as echinacea have immune stimulatory property, chamomile has anti-inflammatory effect, myrrh is a natural antiseptic, rhatany and sage have anti-hemorrhagic properties, peppermint oil has antiseptic, analgesic & anti-inflammatory properties. Peelu is a natural tooth whitening fiber whereas guava extract relieves tooth pain. In addition, neem is widely used owing to its anti-bacterial properties, along with ginger, which imparts antiseptic properties. The natural ingredients encompass all the necessary properties required for maintaining oral hygiene and preventing dental caries.

Often an allergic reaction is caused among consumers owing to the presence of synthetic flavoring agents or preservative ingredients. Common allergens include foaming agents, such as sodium lauryl sulfate, parabens, and fluoride. Presence of such allergens is expected to cause increased sensitivity of gums and teeth, rise in redness or swelling of tongue and lining of mouth, inflamed skin or chapped lips, body rash or hives, anaphylactic shock, or Angioedema. Herbal toothpaste may exert significant therapeutic effects on gingivitis and plaque when compared to conventional paste.

The global herbal toothcare market is segmented into type, sales channel, and region. By type, the market is studied across toothpaste, toothpowder, and mouth wash. By sales channel, it is classified into hypermarket/supermarket, independent stores, specialty stores, and online sales channels. Region wise, the herbal toothcare market is studied across North America, Europe, Asia-Pacific, and LAMEA.

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Key Findings of the Study:
The toothpaste segment was the highest contributor to the global herbal toothcare market, with $1.4 billion in 2018, and is estimated to reach $2.0 billion by 2026, at a CAGR of 4.4% during the forecast period.
In 2018, by sales channel, the hypermarket/supermarket segment accounted for about half of the global market share in 2018, and is expected to grow at the CAGR of 4.4%.
By region, Asia-Pacific led in terms of herbal toothcare market share in 2018 and is expected to retain its dominance during the forecast period.
LAMEA is anticipated to grow with robust CAGR of 6.8% during the herbal toothcare market forecast period.
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Some of the key players in the herbal toothcare market analysis includes Procter & Gamble, Johnson & Johnson Services, Inc., Colgate-Palmolive Company, Unilever Group, GlaxoSmithKline PLC (GSK), Himalaya Herbals, Dabur International Ltd., Amway Corporation, Patanjali Ayurved Ltd., and Vicco Laboratories.

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Commercial Cooking Equipment Market Expected to Reach $12,948.1 Million by 2027

According to a new report published by Allied Market Research, titled, “Commercial cooking equipment Market by Product Type and End Use: Opportunity Analysis and Industry Forecast, 2021–2027,” The global commercial cooking equipment market size was valued at $10,680.0 million in 2019, and is projected to reach $12,948.1 million by 2027, registering a CAGR of 5.2% from 2021 to 2027. Commercial cooking equipment provides the ease of food preparation in addition to food safety in the commercial kitchens.

Products such as cooking ranges, fryers, braising pans, and ovens are offered by prime companies, ensuring premium quality and low maintenance cost. Moreover, these equipment are necessary for providing food & beverage services by commercial kitchens, including restaurants, caterings, and quick service restaurants. . In addition to this, commercial cooking equipment market analysis includes the analysis of the regional as well as global market, key players and market segments.

The key players operating in the market include Duke Manufacturing Co. Inc, Electrolux, Dover Corporation, Illinois Tool Works (ITW), Inc., Ali Group S.r.l., Welbilt, Inc, Middleby Corporation, Alto-Shaam, Inc., Comstock-Castle Stove Co., Inc., and Atosa USA,. Inc.

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The outbreak of COVID-19 has severely hampered the commercial cooking equipment market growth. This is attributed to the fact that the commercial cooking equipment industry is majorly dependent on the food service sector for its revenue generation. The recent declaration regarding the shutdown of the hospitality industry, including full-service restaurants, caterings, and quick service restaurants has drastically hampered the sale of cooking equipment.

Conversely, the development of the food service industry is anticipated to drive the growth of the commercial cooking equipment market. Moreover, increase in business-related travel, surge in urban population, and rise in number of food joints such as hotels and quick service restaurants fuel the growth of the food service industry, thereby driving the growth of the market. Furthermore, change in food habits and busy lifestyle of consumers have led to increase in demand for ready-to-eat meals. In addition, surge in disposable income, increase in working women population, and rapid digitization have resulted in rise in number of quick service restaurants, which notably contributed toward the growth of the overall market.

Moreover, changes in trends of food consumption and surge in need to reduce food wastage have led to the development of innovative kitchen equipment. These factors are anticipated to drive the growth of the commercial cooking equipment market during the forecast period.

In addition, new equipment featuring brighter colors sleek designs, and touch screens are some of the commercial cooking equipment market trends in the food service industry. Another trend in commercial cooking equipment is multi-functional equipment. Owing to space constraints, many restaurateurs tend to utilize equipment that could provide multiple functions and save kitchen space.

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Furthermore, commercial cooking equipment such as rapid cook ovens that feature several cooking methods for preparing variety of foods have gained traction in the global market. For instance, the double batch ventless impingement oven from TurboChef consists of two independently controlled high-speed ovens with oscillating racks, which reduce cooking time and facilitates the preparation of more food. Moreover, each oven can be controlled with a split-screen, Wi-Fi connected touch controller, thus making these IoT, multi-functional equipment popular in food service industry.

The global commercial cooking equipment market is categorized into product type, end use, and region. By product type, it is classified into braising pans/tilting skillets, broilers/charbroilers/grills/griddles, cook–chill systems, fryers cookers. ranges, kettles , steamers , ovens and others. On the basis of end use, it is fragmented into full-service restaurants, quick service restaurants, and catering. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, ASEAN, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa , Saudi Arabia, and Rest of LAMEA).

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Key Findings Of The Study

By product type, the ranges segment accounted for the highest commercial cooking equipment market share in 2019, growing at a CAGR of 3.9% from 2021 to 2027.
Depending on end use, the quick service restaurants segment occupied maximum share in the market in 2019 and is expected to dominate the market during the commercial cooking equipment forecast period.
North America accounted for the highest market share in 2019 and is expected to grow at a CAGR of 4.0% during the forecast period.

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Luxury Handbag Market is expected to reach $89.9 billion by 2026, registering a CAGR of 5.6% from 2019 to 2026

Rise in online retail of luxury handbag and development in emerging economies drive the growth of the global luxury handbag market.

According to a new report published by Allied Market Research titled, “Luxury Handbag Market by Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the luxury handbag market size was valued at $58.3 billion in 2018 and is expected to reach $89.9 billion by 2026, registering a CAGR of 5.6% from 2019 to 2026. In 2017, Europe accounted for nearly 35.0% share of the luxury handbag market.

Growth in Region Overview :-

Emerging economies, especially in Asia-Pacific, such as India, China, Indonesia, and the Philippines are progressively spending on luxury cosmetic products, owing to increase in disposable income. Consumers in Hong Kong aged 30 to 49 have the highest disposable income and thus, are the biggest buyers of luxury products in the country. Similarly, in India, factors such as emergence of young populace, increase in disposable income, rise in number of working women, and surge in affordability of luxury products are expected to drive the growth of the market. The demand for luxury brands and specialized products is on the rise as Indian consumers gain additional acquaintances with global media and travel more. Several international luxury brands such as Gucci and Louis Vuitton are present in the country for numerous years.

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Furthermore, consumers in Singapore are image conscious and hence, place a high priority on personal accessories. For this reason, international handbag brands that combine revolutionary design with ease of use, continue to dominate the market. Furthermore, consumers in New Zealand, who reside in urban centers, boost increase in disposable income alongside easy accessibility to handbags through retail outlets. Moreover, departmental stores generally specialize in luxury brands and hire assistants to offer advice to consumers. This direct selling approach appeals consumers in the region and boosts the sales of luxury products. Thereby, the market for luxury handbag is witnessing considerable growth in regions such as India, China, and New Zealand.

Surging demand for luxury handbags :-

Most of the developed countries have witnessed surging demand for luxury handbags. This is attributable to the rise in per capita income of target customers, coupled with extended product offerings of luxury handbag manufacturers. Thus, surge in demand for various luxury products triggers growth of global luxury handbag market.

Key Findings of the Study :-

In 2018, by type , the handbag segment accounted for around higher market share, growing at a CAGR of 5.80% from 2019 to 2026.
In 2018, by distribution channel, the specialty stores segment accounted for higher luxury handbag market share.
In 2018, by region, Europe accounted for a higher value luxury handbag market share.

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CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Parent Market Overview
3.3. Key Forces Shaping Luxury Handbag market

3.3.1. High bargaining power of suppliers
3.3.2. Moderate-to-high threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. Moderate intensity of rivalry
3.3.5. Moderate bargaining power of buyers

3.4. INDUSTRY PAIN POINT ANALYSIS
3.5. CONSUMER ANALYSIS
3.6. Value Chain Analysis
3.7. Impact of government regulations on market
3.8. Market dynamics

3.8.1. Drivers

3.8.1.1. Increase in online retail of luxury handbag
3.8.1.2. Growth in emerging market

3.8.2. Restraints

3.8.2.1. High taxation and import duties on luxury goods
3.8.2.2. Counterfeit products

3.8.3. Opportunities

3.8.3.1. Premiumization trend provide immense opportunity
3.8.3.2. Rise of social media marketing

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Luxury Apparels Market https://www.alliedmarketresearch.com/luxury-apparels-market
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Isotonic Drinks Market Expected to Grow at a CAGR of 8.8% – Exclusive Report by Allied Market Research

the global isotonic drinks market generated $1.87 billion in 2020, and is expected to reach $7.78 billion by 2028, witnessing a CAGR of 8.8% from 2021 to 2028.

The report provides a detailed analysis of changing market dynamics, key segments, value chain, top investment pockets, regional scenario, and competitive landscape.

Rise in government investments in sports events, surge in number of gyms and health clubs, and increase in demand for instant energy-boosting products drive the growth of the global isotonic drinks market. However, threat of counterfeit products and stringent government rules and regulations hinder the market growth. On the other hand, increase in number of athletes in developing countries and surge in awareness regarding health wellness products present new opportunities in the coming years.

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Leading players of the global isotonic drinks market analyzed in the research include Lucozade Ribena Suntory, The Coca-Cola Company, Luxottica, Hercules Health Care Pvt. Ltd., Musclematic, PepsiCo, Oshee, BA Sports Nutrition, LLC, Bigflex Lifescience, Decathlon SA, and NDurance (Pvt) Ltd.

Covid-19 Scenario:

Production activities of isotonic drinks halted completely or partially due to lockdown measures implemented in various countries. Moreover, disruptions in the supply chain presented challenges in production.
Owing to lockdown restrictions, there were restrictions on outdoor sports such as football, cricket, volleyball, baseball, and others. Moreover, many major sports events were either canceled or postponed. This reduced the demand for isotonic drinks.
Distribution channels such as supermarkets and hypermarkets were closed during the lockdown. Consumers preferred online channels to purchase isotonic drinks as they opted for various exercises and physical activities at home.

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The report offers detailed segmentation of the global isotonic drinks market based on form, packaging, distribution channel, and region.

Based on form, the liquid segment contributed to the highest market share, accounting for around three-fourths of the total share in 2020, and is estimated to maintain its lead position during the forecast period. However, the powder segment is expected to witness the highest CAGR of 10.5% from 2021 to 2028.

Based on distribution channel, the supermarkets/hypermarkets segment accounted for the highest market share in 2020, holding nearly half of the global isotonic drinks market, and is projected to continue its dominant share in terms of revenue during the forecast period. However, the online sales channel segment is estimated to manifest the fastest CAGR of 11.7% from 2021 to 2028.

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Based on region, North America held the highest market share in 2020, accounting for nearly half of the total share, and is expected to continue its leadership status by 2028. However, Asia-Pacific is estimated to witness the largest CAGR of 12.4% during the forecast period.

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality 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.