Lab Grown Diamonds Market presents strong revenue visibility in Near Future Booming at a CAGR during 2021-2030

quote The Indian subcontinent is emerging as the leading producer of the lab grown diamonds industry with exports grown by 75% y-o-y. indigenously developed CVD technique is providing major thrust to the local production. quote

According to a new report published by Allied Market Research, titled, “Lab Grown Diamonds Market by Manufacturing Method, Size, Nature, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global lab grown diamonds market size was valued at $19.3 billion in 2020, and is projected reach $49.9 billion by 2030, registering a CAGR of 9.4% from 2021 to 2030.

Diamonds are heavily used in the industrial sector and mechanical engineering operations in tools such as saws, drills, polishers, and cutters. Diamond tipped drill bits and diamond coated saw blades makes cutting and drilling operations faster and easier. Different grits of powdered diamonds are also used as industrial abrasives. Lab grown diamonds with added boron have semiconductor like properties that can exceed traditionally used silicone and replace silicone as a major component in electronic operations. Some polished diamonds are used for different optic applications such as particle accelerators, laser systems, and other similar high-powered equipment.

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Research is being conducted to heck usability of diamonds in the medical field in the form of components in prosthetics and high precision surgical equipment. It is now been used by dermatologists for skin exfoliation in some types of chemotherapy to aid with the absorption of medicines into patient’s body. These industrial applications of lab grown diamonds and further research into the same is expected to the foster lab grown diamonds market growth.

Techniques for growing diamonds in labs and factories were first invented in the 1950s, in the form of HPHT. It was used for creation of diamonds that were small and mostly useful for industrial applications. CVD technology of creating diamonds was invented in the 1980s, and further innovation in diamond manufacturing technology led to creation of techniques for making diamonds that were bigger and could reach sizes of 10 carats and more. Use of renewable energy in the making of diamonds is increasing and use of laser technology for cutting diamonds is also gaining more traction in the market. Further research and innovations can make lab grown diamonds production easier and more efficient, which is expected to have a very positive impact on the lab grown diamonds market in the upcoming years, increasing the lab grown diamonds market demand.

The lab grown diamonds market was significantly impacted during the initial phase of the pandemic, however, the market has started rebounding toward the end of 2020. Disruption in supply chain across China and later from India negatively impacted the market, as these countries are the top exporters of lab grown diamonds and hold a significant lab grown diamonds market share across the world. Nevertheless, the market is expected to gain high momentum in upcoming years due to emerging lab grown diamonds market trends.

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The global lab grown diamonds market is segmented on the basis of manufacturing method, size, nature, application, and region. By manufacturing method, the global market is bifurcated into HPHT and CVD. By size it is segmented into below 2 carat, 2–4 carat, and above 4 carat. By nature, it is bifurcated into colorless and colored. On the basis of application, it is studied across fashion and industrial. The global lab grown diamonds market is also studied across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings Of The Study

  • By manufacturing method, the chemical vapor deposition (CVD) segment leads in terms of market share and is projected to grow with the highest CAGR during the forecast period.
  • Depending on the size, the below 2 carat segment is the most widely used diamond across both industrial and fashion purposes.
  • By nature, the colorless segment leads in terms of market share, however, the colored segment is expected to gain high popularity during the forecast period.
  • By application, diamonds find its prominent use in the fashion industry occupying about three-fourths of market share in 2020.
  • By region, North-America leads, in terms of market share, however, Asia-Pacific is poised to grow with highest CAGR during the forecast period.

Some of the major players profiled in the lab grown diamonds market analysis include ABD Diamonds, Clean Origin, De Beers Group, Diam Concept, Diamond Foundry Inc., Henan Huanghe Whirlwind Co., Ltd, Mittal Diamonds, New Diamond Technology LLC, Swarovski AG, and WD Lab Grown Diamonds. Other prominent players analyzed in the report are Applied Diamond Inc., D.NEA Diamonds, Zhengzhou Sino-Crystal Diamond Co., Sahajanand Laser Technology Limited (SLTL Group), Finegrowndiamonds, Zhongnan Diamond Co. Ltd, and Sumitomo Electric Industries Ltd

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At 6.2% CAGR, Tattoo Accessories Market 2021 | Cheyenne – Professional Tattoo Equipment, Sabre Tattoo Supplies

quote The market for tattoo accessories is expected to increase over the forecast period due to the rising popularity of tattoos in the fashion and entertainment industries as well as the rising trend of having a fashionable design on one’s body to display an attractive physique. quote

According to a new report published by Allied Market Research, titled, “Tattoo Accessories Market,” The tattoo accessories market was valued at $853.10 million in 2021, and is estimated to reach $1.5 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031.

People use tattoos as fashion icons to express their culture or way of life. Changes in consumer lives and fashion preferences are the main elements that can increase demand. The reasons for getting a tattoo differ from culture to culture, region to region, and time to time. Tattoos have historically been used as rites of passage, religious emblems, awards for valor or punishments, and as identifiers for misfits & slaves. Similar to how the reasons for getting a tattoo today vary, they can include changing one’s look, being forceful, boosting one’s self-esteem, and expressing one’s individuality. Trainers use rotary and coil-based equipment to construct the tattoo design on skin. The demand for the product may increase as 3D printed digital fashion items become more and more well-liked among consumers. They are incredibly fashionable and alluring, which is expected to increase adoption. For tracking motion fitness data points and activity, manufacturers provide their customers with a selection of digital wearable fashion items. In order to create a design on the skin, tattoo ink, pigments, and dyes are inserted into the skin’s dermis during the process of getting a tattoo. Thus, increase in number of people with tattoo and growth in fashion trends with tattoo are likely to favor the tattoo accessories market growth during the forecast period.

The need for tattooing items has grown as the practice of tattooing fashionable designs on one’s body to display an attractive body image has become more popular. In addition, more people are watching on-demand videos, reading blogs, and reading digital magazines on various social media platforms and websites that are about fashion and creative lifestyles, which boost growth of the tattoo accessories market share.

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For tracking motion fitness data points and activity, manufacturers are providing their customers with a selection of digital wearable fashion items. A tiny electronic tattoo, for instance, was created by researchers at Carnegie Mellon to track body movements and movement sensitivity. As a result, these developments and features may help the industry expand in the years to come. Thus, growth in innovations in the tattoo making and along with its popularity are likely to support to increase the growth of the tattoo accessories market during the forecast period.

Bans, restrictions, and prohibitions on tattoos are expected to hinder the market’s expansion. Tattoos that support or favor political agendas or that depict cultural dignity and degradation are completely unacceptable in the majority of nations. For instance, tattoos are prohibited by Sharia Law in Saudi Arabia and Afghanistan. In India, tattoos are not permitted in many government positions, including those of a probationary officer in a bank, SSC, engineering service, railway jobs, or in the armed forces. Therefore, during the forecast period, the aforementioned factors are projected to restrain the expansion of the tattoo accessories market size.

The COVID-19 pandemic had a considerable impact on both the supply and demand of tattoo accessories. The demand for tattooing rapidly decreased in the first two quarters, and the majority of tattoo parlors closed due to the COVID-19 pandemic, which also caused a steep reduction in sales of tattoo accessories. Owing to the imposed lock-down, international border barrier, and short-term imbalance in demand in many places, the companies that manufacture tattoo ink, tattoo needles, and other tattoo accessories have been temporarily shut down however now when COVID cases are less, the pandemic significantly disrupted the market by altering consumer purchasing behavior. Thus, during COVID-19 e-commerce sales for tattoo accessories gained significant popularity.

On the basis of tattoo accessories market analysis, the market is segmented into product type, distribution channel, and region. On the basis of product type, the market is categorized into tattoo machine, tattoo ink, needles & cartridges, and others. On the basis of distribution channel, the market is segmented into hypermarkets & supermarkets, specialty stores, and e-commerce. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, Italy, Spain 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).

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According to the tattoo accessories market analysis, on the basis of product type, needles & cartridges segment accounted for around 32.9% market share in 2021, with and is expected to grow at CAGR of 6.7% during the forecast period. The drawing of tattoos is done with tattoo needles. It is attached to a portable device, driven by a motor, and submerged in ink. With increased safety awareness and knowledge of the risks associated with tattooing, tattoo artists are being more selective when selecting tattoo needles, which is likely to help the market grow over the course of the forecast period. Furthermore, the tattoo needles & cartridges section of the tattoo accessories market is expanding due to rise in demand for extremely fashionable and artistic tattoo. Thus, above factors are likely to propel the growth of the tattoo accessories market size through needles & cartridges segment during the forecast period.

According to the tattoo accessories market trends, on the basis of distribution channel, specialty store segment accounted for around 36.1% market share in 2021, with and is expected to grow at CAGR of 6.3% during the forecast period. A specialty store is a retail establishment that sells unique and specialized goods. These shops specialize in offering a specific product category including tattoo and piercing. People prefer specialty stores as retail establishments that concentrate their sales inside a certain product category might give their workers extensive training to equip them with in-depth product knowledge. For customers who require assistance choosing the appropriate product, these staff act as trustworthy sources of information. Thus, above mentioned factors are likely to bolster the growth of the tattoo accessories industry through specially store segment.

According to the tattoo accessories market opportunities, region wise, Asia-Pacific Tattoo Accessories market share is expected to witness significant growth at a CAGR of 7.2% during the forecast period. In Asia-Pacific, the import of equipment and beauty products into India and Indonesia might increase the sales of those goods. In addition, expanding fashion and beauty infrastructure may encourage the use of fashion accessories, which may in turn spur market expansion. The tattoo industry in India is booming and is expected to add in over 20,000 crore rupees annually. The Indian tattoo market is thriving and vibrant, ranging from professional studios in malls to seaside booths in Goa. Thus, growing tattoo studios and professional artists are likely to generate tattoo accessories market demand during the forecast period.

The players operating in the global tattoo accessories market have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Cheyenne – Professional Tattoo Equipment, Sabre Tattoo Supplies, Inkjecta International Pty Ltd., EZ Tattoo Supply, DRAGONHAWK, Technical Worldwide, Bishop Tattoo Supply Inc., Lauro Paolini Tattoo Supply, EIKON, and Infinite Irons.

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Key findings of the study

  • The tattoo accessories market size was valued at $853.1 million in 2021, and is estimated to reach $1,540.6 million by 2030, registering a CAGR of 6.2% from 2022 to 2031. 
  • By product type, the needles and cartridges segment is estimated to witness the significant growth, registering a CAGR of 6.7% during the forecast period.
  • In 2021, depending on distribution channel, the E-commerce segment was valued at $205.5 million, accounting for 24.1% of the global tattoo accessories market share.
  • In 2021, the Europe was the most prominent market, and is projected to reach $ 489.9 million by 2031, growing at a CAGR of 5.8% during the forecast period.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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Camping Utensils Market Size Growing at a CAGR of 6% from 2022 to 2031

According to a new report published by Allied Market Research, titled, “Camping Utensils Market,” The Camping Utensils Market Size was valued at $2.6 billion in 2021, and is estimated to reach $4.6 billion by 2031, growing at a CAGR of 6% from 2022 to 2031.

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Camping utensils are widely used for convenience during camping. Furthermore, camping tent and other equipment have gained popularity among the campers. Various types of tents are available for their accommodation in the market. Commonly used camping tents are dome tent, tunnel tent, and geodesic tent. Rise in awareness regarding health & fitness, increase in the number of campers, surge in initiatives from tourism associations to promote camping activities, and increase in youth population are the major Camping Utensils Market Trends that drive the Camping Utensils Market Growth.

Since 2014, the popularity of recreational vehicles (RVs) has increased among campers for the purpose of accommodation during camping. In addition, a camping tent is affordable and adventurous as compared to RVs, which entices campers to purchase innovative tents for camping purposes. Manufacturers focus on meeting Camping Utensils Market Demand from Indian and Chinese campers according to their environmental needs and camping requirements. Asia-Pacific is expected to offer a huge opportunity for the camping utensils market in the region. However, the increase in interest of campers for novel tents supports the global growth of the camping utensils market.

According to the data by The North American Camping Report 2021, a camping tent was the most preferred camping accommodation among first-time campers in 2020 in the U.S. Camping tent accounted for 67% of camping accommodation, whereas, rest of the 33% accounted by recreational vehicle (RV), cabin, and others.

Hectic lifestyle, improper work-life balance, and lack of peace-full environment are the factors associated to a number of health issues or disorders, such as hypertension, hypotension, and depression. Therefore, to avoid such instances and to make their living more interesting, consumers are looking for leisure holidays and vacations that can offer them peace and satisfaction. Due to this, the number of camping service agencies are expanding in the North America and Europe. Consumers who are not keen to buy camping equipment and opt for camping service agencies to plan their camping are expected to present lucrative Camping Utensils Market Opportunity to camping equipment manufacturers by providing them required utensils in mass volume.

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According to the Camping Utensils Market Analysis, the market is segmented into application, distribution channel, and region. On the basis of application, the market is bifurcated into personal and commercial. On the basis of distribution channel, it is fragmented into business-to-business, hypermarkets/supermarkets, specialty stores, online retailers, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Belgium, Netherland, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Chile, Saudi Arabia, Turkey, and rest of LAMEA).

By application, the commercial segment witnessed a major growth rate in the market during the Camping Utensils Market Forecast period 2022-2031. The commercial segment is estimated to reach $2,026.6 million by 2031, at a significant CAGR of 6.3% during the forecast period.

By distribution channel, the business-to-business segment held the major Camping Utensils Market Share in the market in 2021. Business-to-business refers to transactions that take place between businesses rather than between businesses and individual customers. B2B camping tent deals are distinguished from consumer-to-consumer (B2C) and business-to-government (B2G) transactions.

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Region-wise, North America held the major share in the market in 2021. Camping participation among millennial and Generation Z in the region has consistently increased over time and continues to outpace that of the general population, however, camping among the older demographic increased in 2020.

The major players studied in Camping Utensils Industry are Amg-Group, Big Agnes, Inc, Dometic Group Ab, Exxel Outdoors, LLC, Hilleberg The Tentmaker Ab, Johnson Outdoors, Newell Brands, Oase Outdoors Aps, Simex Outdoor International Gmbh, and VF Corporation.

Key Take Away

  • The global camping utensils market size was valued at $2,640.3 million in 2021, and is projected to reach $4,612.8 million by 2031, registering a CAGR of 6.0%.
  • On the basis of application, the personal segment dominated the global market in 2021 and is likely to remain dominant during the forecast period.
  • On the basis of distribution channel, the business-to-business segment dominated the global market in 2021 and is likely to remain dominant during the forecast period.
  • On the basis of region, North America dominated the global market in 2021 and is likely to remain dominant during the forecast period.

Related Report

Global Growlers Market (Industry) Size is Projected to Reach $791.1 Million

According to the report published by Allied Market Research, the global growlers market garnered $ $456.8 million in 2021, and is estimated to generate $791.1 million by 2031, manifesting a CAGR of 5.4% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.

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The research provides detailed segmentation of the global growlers market based on material, application, capacity, end user, sales channel, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.

Based on material, the glass growlers segment held the highest share in 2021, accounting for nearly two-fifths of the global growlers market, and is expected to continue its leadership status during the forecast period. However, the ceramic growlers segment is expected to register the highest CAGR of 6.9% from 2022 to 2031.

Based on application, the alcoholic segment accounted for the highest share in 2021, contributing to nearly three-fourths of the global growlers market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the non-alcoholic segment is expected to manifest the highest CAGR of 6.3% from 2022 to 2031.

Based on sales channel, the offline segment accounted for the highest share in 2021, holding more than four-fifths of the global growlers market, and is expected to continue its leadership status during the forecast period. However, the online segment is estimated to grow at the highest CAGR of 6.7% during the forecast period.

Based on region, Europe held the largest share in 2021, contributing to around one-third of the total growlers market share.. In addition, the LAMEA region is expected to manifest the fastest CAGR of 7.1% during the forecast period. The research also analyzes regions including North America and Asia-Pacific.

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Leading market players of the global growlers market analyzed in the research include Ardagh Group S.A., Alpha Packaging, William Croxsons & Sons Limited, GrowlerWerks, Inc., Global Glass Solutions, Orange Vessel Co, Berlin Packaging LLC, Boelter Companies, Inc, Drink Tanks Corporation, Zenan Glass, Novio Packaging B.V., MJS Packaging Inc, Saxco International, LLC, Hydro Flask, and Portland Growlers Company.

The report provides a detailed analysis of these key players of the global growlers market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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Reishi Mushroom Market Current and Future Trends, Industry Scope Analysis and Leading Players

As per the report published by Allied Market Research, the global reishi mushroom market generated at $3.09 billion in 2019, and is anticipated to reach $5.06 billion by 2027, registering a CAGR of 8.1% from 2021 to 2027.

Rise in demand for functional beverage ingredients, surge in product awareness & knowledge through advertisements, and inclination toward sustainable food & beverages have boosted the growth of the global reishi mushroom market. However, high price of reishi mushrooms hampers the market growth. On the contrary, rise in demand for organically grown products with high nutritional value and increase in adoption of organic reishi mushroom products are estimated to create new opportunities for the market players in the coming years.

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Covid-19 scenario:

The Covid-19 outbreak and lockdown across several countries resulted in decline in the demand and sales graph of reishi mushroom. Moreover, the lack of labor has hindered the production.
In addition, the government imposed stringent regulations to control the spread of the virus, which resulted in the closure of the wholesale market.
However, as reishi mushrooms are known as therapeutic product, their demand is anticipated to rise in the coming years. The global reishi mushroom market is segmented on the basis of form, nature, end use, and region. Based on form, the powder segment dominated the market in 2019, accounting for around three-fifths of the market. However, the liquid segment is anticipated to manifest the highest CAGR of 8.5% during the forecast period.

On the basis of nature, the organic segment would portray the highest CAGR of 8.3% during the forecast period. However, the conventional segment held the lion’s share in 2019, accounting for more than three-fifths of the market.

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The global reishi mushroom market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is projected to register the highest CAGR of 7.3% during the forecast period. However, the market across North America held the largest share in 2019, contributing to more than one-third of the market.

The global reishi mushroom market report includes an in-depth analysis of major market players such as Bristol Botanicals Limited (UK), Alphay International, Inc. (China), DXN Holdings Bhd. (Malaysia), Bio Botanica, Inc. (U.S.), Xi’an Greena Biotech Co., Ltd (China), Ron Teeguarden Enterprises, Inc. (U.S.), Hokkaido Reishi Co., Ltd. (Japan), Shanghai Gubao Edible Mushroom Co., Ltd. (China), Fujian Xianzhilou Biological Technology Co., Ltd. (China), and Nammex (North American Medicinal Mushroom Extracts).

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. 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.

Rash Guard Market Size Poised to Register 3.4% Growth and Expected to Reach $12.7 Billion by 2031

According to a new report published by Allied Market Research, titled, “Rash Guard Market,” The rash guard market size was valued at $9.1 billion in 2021, and is estimated to reach $12.7 billion by 2031, growing at a CAGR of 3.4% from 2022 to 2031.

Activewear is a utility clothing, which boosts the physical performance and eases body movements, as it enhances comfort while engaging in fitness and sports activities. Rash guards are sometimes referred to as water shirts, swim shirts, surfing shirts, or sun shirts because these are a great way to protect from sunburn and can double as a coverup over swimsuit.

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The extensive advantages offered by activewear, such as water resistance, bi-stretchable function, anti-bacterial fabric, wicking function, and others and surge in participation of consumers in physical and fitness activities act as key Rash Guard Market Trends. Moreover, female consumer base for activewear is increasing, owing to holistic approach of female customers towards sports and fitness. Likewise, increase in adoption of athleisure wear as work or street wear propels the growth of the overall market. Furthermore, rise in disposable income and increase in fitness concerns significantly contribute towards the growth of the Rash Guard Industry.

However, volatile cost of raw materials and inflated cost of designing lead to high cost of the final product. This hampers the sales of the product among price-sensitive customers, thereby restraining the market growth. Moreover, presence of counterfeit brands results in safety issues and inconvenience for consumers, which hamper the growth of the market. Conversely, increase in use of green textile and implementation of the sustainable production methods fuel the adoption of rash guard among green consumers.

Furthermore, rise in promotional activities, such physical activity campaigns, empowerment programs, and activewear promotion by sponsoring celebrities or athletes is expected to provide lucrative Rash Guard Market Opportunitiesfor the key players.Furthermore, number of brands offering different size clothing garments have increased, owing to which options for consumers has also increased. This has led to surge in consumer spending for activewear products, which drives the market growth.

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By type, the t-shirt segment held the major share in the market in 2021. Availability of different size of t-shirts for various age group of athletes is expected to augment the market growth. The shirt segment is estimated to reach $3,270.5 million by 2031, at a significant CAGR of 3.7% during the forecast period.

By end user, the swimming segment held the major share in the rash guard market in 2021. Swimwear is not only worn for swimming but is also used as semi-casual wear for pool parties and at outdoor venues, such as restaurants, resorts, and shopping centers. Swimming is considered as one of the most popular fitness and recreational activities. Increase in consumer interest in swimming and growth in number of family vacations at beaches boost the demand for swimwear, thus propelling the growth of the market.

Depending on end user, the men segment was dominant in 2021 owing to a proportionately large male obese population and high spending. Improvement in body positivity and confidence among female consumers is expected to propel the rash guard market growth during the forecast period.

By price point, the mass segment dominated the rash guard market share in 2021. Increase in consumption of mass pricing products by lower middle and upper middle class consumers significantly contributes toward the rash guard growth.

On the basis of distribution channel, the online segment is witness a major growth rate in the market during the Rash Guard Market Forecast period. This is highlighted by choices like discounts and free trials before purchases in addition to the advantage of receiving satisfaction right away. However, the online segment is anticipated to develop at the fastest rate due to increased internet usage and increased smartphone use for online shopping, which enables customers to compare products in real-time and make wise decisions.

Region-wise, North America was the prominent region in the rash guard market in 2021, owing the largest obese population and highest consumer spending on activewear products. However, Asia-Pacific is anticipated to grow at the highest CAGR, owing to increase in average caloric intake per individual among middle class and high-income households, which leads to higher obesity rates among individuals.

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The key players profiled in this report include, TYR Sport Inc., O’ Neill, Roxy, Quicksilver, Sportstar Athletics, Gap Inc., Dick’s Sporting good Inc., Skechers U.S.A Inc., Cranbarry Inc., Adidas AG, Asos PLC, H&M, Nike Inc., Puma SE, Ralp Lauren Corporation, Under Armour Inc., Coloumbia Sportswear, and wildcraft.

Key Take Away

  • On the basis of type, the shirt segment is expected to be the fastest growing segment during the forecast period.
  • On the basis of application, the swimming segment was the dominating segment in rash guard market in 2021.
  • On the basis of end user, the women segment is expected to be the fastest growing segment during the forecast period.
  • By price point, the mass segment held the major share in the rash guard marketin 2021.
  • On the basis of distribution channel, the online segment is expected to be the fastest growing segment, with the CAGR of 3.9% during the forecast period.
  • On the basis of region, LAMEA is expected to be the fastest growing segment with the CAGR of 3.7% during the forecast period.

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Food Robotics Market Applications and Growth Analysis Till 2031 | ABB Group, Rockwell Automation Incorporated, Kuka AG, Fanuc Corporation

Increase in demand for packaged foods drive the growth of the food robotics market globally. However, lack of skilled workforce for the technical operations isone of the factors that hampers the market growth.

The food robotics market was valued at $2,047.3 million in 2020 and is projected to reach $5,787.9 million by 2031, growing at a CAGR of 10.4% from 2022 to 2031. Asia-Pacific is one of the prominent regions for food robotics worldwide.

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Technological advancement across various industries widens the application horizon of robotics. Robotics is applicable in sectors such as automotive, electrical & electronics, metal, chemical & plastics, and food. Over the past few years, robotics has gained traction in the food & beverage industry, attributed to the advantages offered by these robots such as high speed of productivity, better cleanliness & hygiene, more flexibility, and others.

Increase in the food safety regulations is anticipated to drive the demand for food robotics in the near future. In addition, it is expected that manual labor can be completely replaced with industrial robots. These robots are advantageous as they can perform multiple tasks at the same time, leading to improved productivity. The changes in lifestyle of people have resulted in surge in demand for packaged and ready-to-eat food products, which in turn is anticipated to boost the demand for food robotics during the analysis period.

The market is segmented based on type, payload, application, and geography. Based on type, the market is divided into articulated, cartesian, SCARA, parallel, cylindrical, collaborative, and others. On the basis of payload, it is classified into low, medium, and high. The application areas of the food Robotics industry are broadly classified into palletizing, packaging, repackaging, pick & place, processing, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the global food robotics market till 2031.

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The key players profiled in the report are Mitsubishi Electric Corporation, ABB Group, Rockwell Automation Incorporated, Kawasaki Heavy Industries Ltd., Kuka AG, Fanuc Corporation, Yaskawa Electric Corporation, Seiko Epson Corporation, Staubli International AG, and Universal Robotics A/S.

Key Findings of the Study

By type, the Food Robotics market size of articulated segment remained the dominant segment in the year 2020, and is expected to maintain the market share in the coming years.
Articulated segment account for nearly 42% by revenue, followed by SCARA and Cartesian.
By payload, high category is the fastest growing segment during the forecast period.
By application, palletizing category is the leading category in the market however; processing segment is anticipated to grow with thehighest CAGR during the forecast period.
By region, Asia-Pacific led in terms of the global food robotics market share in 2020, and is expected to retain its dominance during the forecast period.

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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.

NVH Testing Market Expected to Reach $3.5 Billion by 2031

According to a new report published by Allied Market Research, titled, “NVH Testing Market,” The NVH testing market was valued at $2 billion in 2021, and is estimated to reach $3.5 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031.

North America is expected to dominate the global NVH testing market. North America is projected to witness an increase in the adoption of NVH testing by the automotive and aerospace & defense sectors. Moreover, market has gained immense traction in North America, due to increase in production of vehicles, equipped with components that produce low noise and vibration. In addition, presence major companies like National Instruments Siemens Digital Industries Software, Benstone Instruments Inc., Data Physics, Erbessd Instruments, Honeywell, PCB Piezotronics and Thermotron supplements the growth of the NHV testing market across North America.

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Rise in adoption of electric and hybrid vehicle is encouraging manufacturers to develop NVH testing solutions for the testing of electric and hybrid vehicles, which is expected to drive the growth of the market during the forecast period.

In aerospace and defense industry, NVH testing is utilized to inspect the noise levels inside the aircraft cabins. It aids in identification of any source of sound which require to be reduced and enhance comfort for passengers as well as pilots. NVH testing devices such as sensors and transducers can be deployed to test noise or vibration produced by aircraft engine while they operate on the ground. In addition, NVH testing devices are also utilized to measure noise and vibrations which is generated by several aircraft components such as control surfaces, landing gears, and others. 

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KEY FINDINGS OF THE STUDY

  • By offering, the software segment is anticipated to exhibit significant growth in the near future.
  • By application, the others segment is anticipated to exhibit significant growth in the near future.
  • By end-use, the others segment is anticipated to exhibit significant growth in the near future.
  • By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

Key players operating in the global NVH testing market include AVL, Autoneum, Bertrandt AG, Bruel and Kjaer, EDAG Engineering GmbH, FEV Group GmbH, Head Acoustics GmbH, Honeywell International Inc, National Instruments Corp., Schaeffler Engineering GmbH, Siemens AG, and Dewesoft.

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About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

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LAMEA Navigation Satellite Systems Market to Generate 12.3% of CAGR During 2031

Allied Market Research published a report, titled, “Navigation Satellite Systems Market by Component (Devices, Services), by Type (Global Constellations, Regional Constellations, Satellite-based Augmentation Systems), by Application (Consumer and Health Solutions, Road and Automotive, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031”. According to the report, the global navigation satellite systems industry generated $225.30 billion in 2021, and is anticipated to generate $552.20 billion by 2031, witnessing a CAGR of 9.5% from 2022 to 2031.

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Prime determinants of growth

Increase in the adoption of autonomous vehicles for several applications and growth in dependence on location-based services drive the growth of the global navigation satellite systems market. However, cyber-attacks impacting navigation satellite systems and inaccuracy in global navigation satellite system (GNSS) data are the factors that hamper the market growth. Moreover, fusion of 5G and GNSS is expected to offer new opportunities in the coming years.

Covid-19 Scenario

  • The outbreak of the Covid-19 pandemic had a positive impact on the global navigation satellite systems market.
  • Global navigation satellite system (GNSS) has been used for quarantine monitoring and enforcement. It was utilized to set up a virtual perimeter for those people who are in self-quarantine through a process known as geofencing. For instance, in South Korea, government made it mandatory for anyone entering the country to download “Self-Quarantine Safety Protection Application” for their 14-day self-quarantine.
  • GNSS-based applications have also been used to support precautionary measures. Location measures gained through use of GNSS have helped identify, map, and tag congested places and locations where individuals who have tested positive or have recently travelled. This data enabled the authorities to provide information about the places which need to be avoided.

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Asia-Pacific to maintain its dominance by 2031

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2021, accounting for nearly two-fifths of the global navigation satellite systems market, owing to rise in development of cost-effective navigation satellite system and high investment in defense, retail, military, and public transportation sectors. However, the LAMEA region is expected to witness the fastest CAGR of 12.3% from 2022 to 2031. This is due to surge in foreign investments coupled with government investments.

Leading Market Players: –

  • Furuno Electric
  • Hemisphere GNSS
  • Hexagon
  • L3 Harris Corporation
  • Laird Plc
  • Navtech GPS
  • Qualcomm Inc
  • Texas Instruments
  • Topcon Corporation
  • Trimble Inc.
  • Garmin Ltd,
  • Raytheon Technologies Corp.
  • SkyTraq Technology. Inc.
  • STMicroelectronics
  • Broadcom Inc.

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Similar Reports We Have on Satellite Industry:

GNSS Simulators Market by Component Type (Single Channel, and Multichannel), GNSS Receiver (GPS, Galileo, GLONASS, and BeiDou), and Application (Vehicle Assistance Systems, Location-based Services, and Mapping): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Military GNSS Anti-Jamming Systems Market by Type (Border Security, Aviation Security, Maritime Security, and Others), Component (Antenna, and Receiver Unit), and Element Numbers (Two-Element, Four-Element, Seven/Eight Element, and Twelve/Sixteen Element): Global Opportunity Analysis and Industry Forecast, 2021–2030.

About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
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+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
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Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
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Global Canned Mackerel Market to Reach $1.5 Billion by 2031: Allied Market Research

Rise in demand for canned fish products and rise in awareness regarding health advantages of mackerel in boosting the immune system and improving the bone strength, heart health, and cognitive health drive the growth of the global canned mackerel market.

Allied Market Research published a research report on the global canned mackerel market. The findings of the report states that the global market for canned mackerel generated $771.7 million in 2021, and is expected to reach $1.5 billion by 2031, witnessing a CAGR of 6.5% from 2022 to 2031. The research provides a detailed analysis of changing market dynamics, key investment pockets, major segments, and competitive scenario for new entrants, market players, and investors.
Roshan Deshmukh, the Manager for Food and Beverages at Allied Market Research, stated, “The factors such as the rising popularity of ready-to-eat products, growing awareness about health benefits offered by canned mackerel, rising trade of mackerel, increased production of mackerel, and increased penetration of online shopping are driving the growth of the global canned mackerel market.”
The report provides a detailed analysis of drivers, restraints, and opportunities to assist market players in determining the useful strategies based on drivers and opportunities. Rise in demand for canned fish products and rise in awareness regarding health advantages of mackerel in boosting the immune system and improving the bone strength, heart health, and cognitive health drive the growth of the global canned mackerel market. Moreover, the surge in demand for ready-to-eat snack foods and the expansion of premium-quality canned mackerel into various regions globally are expected to present new opportunities in the coming years.

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The research offers a detailed analysis of the impact of the Covid-19 pandemic on the canned mackerel market across the globe. The canned mackerel market suffered losses during the Covid-19 pandemic, owing to lockdown restrictions that stopped production and processing of canned mackerel partially or completely. This resulted in a gap in supply-demand. In addition, disruptions in supply chain impacted the market. Strict restrictions on the global trade impacted the market negatively. However, surge in penetration of online channels and the growth of the e-commerce industry created a positive impact on the market. Increase in health consciousness during the pandemic led to rise in demand for canned mackerel. The market is expected to recover post-pandemic.
The report provides an extensive segmentation of the global canned mackerel market based on processing, application, distribution channel, and region. On the basis of processing, the oil segment held the largest share in 2021, accounting for more than half of the market share, and is projected to maintain its lead position during the forecast period. On the other hand, the sauce segment is projected to register the fastest CAGR of 7.1% from 2022 to 2031. Based on application, the commercial segment is projected to witness the largest CAGR of 7.0% during the forecast period. However, the household segment accounted for the highest share in 2021, accounting for around two-thirds of the market, and is projected to maintain its dominant share by 2031.
On the basis of distribution channel, the specialty store segment accounted for the highest market share in 2021, contributing to more than one-third of the market, and is estimated to maintain its lead status during the forecast period. However, the online sales channel segment is expected to manifest the highest CAGR of 7.3% throughout the forecast period. Based on region, Asia-Pacific held the largest share in 2021, accounting for more than one-third of the total share, and is estimated to continue its leadership in terms of revenue by 2031. In addition, this region is expected to portray the highest CAGR of 7.1% during the forecast period. The research also analyzes the regions including LAMEA and Europe.

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The report analyzes the leading players of the global canned mackerel market including American Fishing Family, Brunswick, Bolton Group, EC plaza network Inc., Diavena, Kumpulan Fima Berhad, FCF Co, Ltd., LDH (La Doria) Ltd., Marushin Canneries Malaysia, Maruha Nichiro corporation, Thai Union Group PCL, Mitsubhi Corporation, Universal Canning Inc., Tropical Food Manufacturing (Ningbo), and Xiamen Amoytop Import & Export Co., Ltd.

About Allied Market Research:
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 domains.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285 |UK: +44-845-528-1300 | Hong Kong: +852-301-84916 | India (Pune): +91-20-66346060 | Fax: +1-855-550-5975 Email” help@alliedmarketresearch.com
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