A Market Place Research – Page 1420

Kids Trolley Bags Market Detailed Segmentation, Porter’s Five Forces, Changing Market Trends, and Opportunity Analysis, 2019-2026

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 report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

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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.

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.

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.

Key Benefits for Kids Trolley Bags Market:

○ The report provides a quantitative analysis of the current kids trolley bags market trends, estimations, and dynamics of the market size from 2018 to 2026 to identify the prevailing opportunities.
○ Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
○ In-depth analysis and the kids trolley bags market size and segmentation assists in determining the prevailing market kids trolley bags market opportunities.
○ The major countries in each region are mapped according to their revenue contribution to the global kids trolley bags market.
○ The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry.

Related Reports:

○ Waterproof Bag Market Growth Opportunities In Global Industry By 2030
○ Laptop Bag Market Will Show An Increase Of By 2029, Report

About Us

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

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

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Nano Zinc Oxide Market Trend, Industry Demand, Growth, Share, Product Type, Application, Region and Forecast, 2022-2031

Global nano zinc oxide market is analyzed across product type, application, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

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According to the report published by Allied Market Research, the global nano zinc oxide market was estimated at $0.3 billion in 2021 and is expected to hit $1.1 billion by 2031, registering a CAGR of 13.2% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

Based on region, the global nano zinc oxide market across Asia-Pacific generated nearly two-fifths of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The same region would also manifest the fastest CAGR of 13.35% during the forecast period. The other provinces analyzed through the report include North America, Europe, and LAMEA.

Based on product type, the uncoated nano ZnO segment held more than three-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The coated nano ZnO segment, however, would manifest the fastest CAGR of 13.28% throughout the forecast period.

Based on application, the personal care and cosmetics segment garnered nearly half of the total market revenue in 2021, and is expected to dominate by 2031. The others segment, simultaneously, would project the fastest CAGR of 13.41% throughout the forecast period.

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The key market players analyzed in the global nano zinc oxide market report include EverZinc, Griller-Werke AG, Lanxess Corporation, Umicore N.V Company, Nanophase Technologies Corporation, Pan-Continental Chemical Co., Ltd., Sakai Chemical Industry Co., Ltd., Inframat Advanced Materials, LLC, BASF SE, and Showa Denko Materials Co., Ltd.

These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.

Similar Report:

About Us

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Robotic Lawn Mower Market New Growth Avenues, Key Strategies, Top Manufacturers and Developments Analysis

According to a new report published by Allied Market Research, titled, “Robotic Lawn Mower Market by Range, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,” The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

The global robotic lawn mower market size was valued at $538 million in 2017 and is projected to reach $1,437 million by 2025, registering a CAGR of 12.9% from 2018 to 2025.

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The disposable income throughout the world has increased especially in emerging nations such as China and India. Chinas per capita income increased by 9% in 2017 as compared to 2016. Whereas, Indias disposable personal income increased approximately by 9.4% in 2017 as compared to 2016. Therefore, this has increased the buying power of people and enabled people to use more products, which in turn is expected to drive the growth of the global robotic lawn mower market size.

Moreover, busy lifestyles due to globalization and longer working hours tend to affect the leisure time and household work. Hence, this has encouraged people to find alternative ways to spare more leisure time by reducing or completely eliminating the time required to do household work, which in turn boosts the demand for household automation for daily chores such as cleaning, lawn mowing, and many more. Thus, increasing the demand for robotic lawn mower market globally.

Smartphone penetration throughout the world has increased drastically over the years. According to 2018, (IMF) International Monetary Funds Working Paper, the smartphone is among the highest in the world. The increase in mobile phone penetration has increased the demand for complementary as well as compatible products. Increasing number of smartphones and other mobile devices have led to the development of robotic lawn mower and has aided the adoption and growth of robotic lawn mowers.

The global robotic lawn mower market is classified based on distribution channel into retail, and online. The retail segment dominated the robotic lawn mower market with the largest share in 2017 and is expected to exhibit significant growth during the forecast period. Retail stores of land mowers sell products from small price range to premium range of products. This store provides a wide range of brands to the customer to choose for different applications. It also provides services such as repair to the land mower products. Companies such as SGP Garden Machinery Ltd., STIHL, and McCulloch International are some of the manufacturers that distribute and sells their product through the various retail store.

Proliferation of new residential and commercial properties in developing countries is expected to propel the demand for landscaping services, which, in turn, is anticipated to fuel the growth of the global robotic lawn mower market. In addition, growth in the retail infrastructure across developing nations would boost the sales of robotic lawn mowers and other lawn mowing equipment especially through hypermarkets, specialty stores, and other channels.

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The leading players in the global robotic lawn mower industry have focused on product launch and acquisition as their key strategy to gain a significant robotic lawn mower market share. The key players profiled in the report include DEERE & COMPANY, Robert Bosch GmbH, Hitachi, Ltd., Honda Motor Company, Ltd., Husqvarna Group, Zucchetti Centro Sistemi S.p.a., Stiga S.p.A, LG Electronics, The Kobi Company, and MTD Products.

Key Benefits for Robotic Lawn Mower Market:

○ This report presents a quantitative analysis of the current trends, estimations, and dynamics of the global robotic lawn mower market size from 2018 to 2025 to identify the prevailing market opportunities.
○ The key countries in all the major regions are mapped based on their market share.
○ Porters five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network.
○ An in-depth analysis of the global robotic lawn mower market segmentation assists in determining the prevailing market opportunities.
○ Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players.
○ The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.

Reason to Buy:

○ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Robotic Lawn Mower market.
○ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
○ The key findings and recommendations highlight crucial progressive industry trends in the Robotic Lawn Mower Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
○ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
○ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
○ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Related Reports:

○ Lawn and Garden Water Equipment Market Growth Opportunities In Global Industry By 2029
○ Lawn Mowers Market Top Factors That Are Leading The Demand Around The Globe

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Personal Care Electrical Appliances Market Size, Comprehensive Segmentation, Top Player Analysis, and Growth Analysis

According to a new report by Allied Market Research entitled, ” Personal Care Electrical Appliances Market by Product Type, Gender, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2022 – 2031 “. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

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The global personal care electrical appliance market size was valued $ 19,648.80 million and it is expected to reach $ 42,521.99 million by 2031, registering a CAGR of 6.8% during 2022–2031.

The demand for personal care electrical appliances industry is growing at a steady pace. Personal care electrical appliances market is witnessing increasing year on year growth during forecast period. However, the adoption is faster in Asia-Pacific and LAMEA. Penetration of the personal care electrical appliances products in the North American and European market is high, especially for the products such as hair straighteners and dryers. And now manufacturers are targeting developing nations such as India and China as the potential markets. Growing population and improving economic conditions are the key reasons fueling the growth of personal care markets in Asia-Pacific.

China has attracted a huge number of manufacturers of personal care electrical appliances and has transformed itself into a cost-effective manufacturing hub. Many of the companies have shifted their manufacturing base from West to the East, and especially to China, due to low labor cost and other manufacturing expenses. Expectedly, this scenario will lead to a shift in the manufacturers’ strategy from low-cost offering to product differentiation and innovation. This is also expected to bring an arrangement in production bases and distribution channel, so that the final price of the product can be lowered down.

The personal care electronic appliances market has a limited number of players and the top ten companies that dominate the market holds approximately 70% of share. Rest of the market is captured by other small brands and local non-branded products. Procter & Gamble and Conair are the two leading companies in the market. The market for non-branded products is decreasing gradually as people are now more concerned about the quality. This change in the consumer preferences has been noticed even in the developing nations. Hair care appliances are expected to lead the global market during 2020–2031,

High penetration of salon services across the globe along with increase in demand for professional beard dressing products and changes in grooming patterns, especially among male consumers are the major factors accelerating the market growth. In addition, wide scale promotion and advertisements have resulted in increased consumer awareness translating into greater product adoption.

Increase attentiveness towards personal grooming and beauty driving personal care electrical appliances market growth. Increasing beauty consciousness among women and men is one of the major trend in personal care electrical appliances market, which lead to drive the personal care market.

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North America holds the largest market share and is expected to continue its hold on the global market throughout the forecast period. Europe is the second-largest market in the current scenario followed by APAC. As western countries are developed, fashion and grooming is of greater importance in these regions compared to Asia-Pacific and LAMEA. Therefore, such products are limited to higher class people in APAC region. However, improving economic condition, enhancement in lifestyle and increasing hygiene awareness are the key factors propelling the market particularly in Asian countries.

Remington Products Company, Procter & Gamble, Conair Corp., Philips, Panasonic Corporation, Groupe SEB, Colgate Palmolive, Helen of Troy L.P., HoMedics Inc., and LION Corp are the leading global players in this market

Key findings of the study

○ Among various types of personal care appliances, oral care appliances are expected to grow at the fastest CAGR of 7.4% during 2022 to 2031.
○ By gender, the female segment accounted for high market share of the shavers market in 2020; however, the men segment of the market is projected to grow at the highest CAGR during the forecast period.
○ North America would continue to lead the global market during 2020–2031
○ Asia-Pacific would witness the highest CAGR of 8.4% during 2022–2031, though it would still remain the third largest market by 2020

Reason to Buy:

○ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Personal Care Electrical Appliances market.
○ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
○ The key findings and recommendations highlight crucial progressive industry trends in the Personal Care Electrical Appliances Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
○ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
○ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.

Related Reports:

○ Massage Equipment Market is estimated to reach $15,083.6 million by 2031
○ Electric Hair Brush Market to reach $360.0 million by 2026
○ Electric Face Cleanser Market is projected to reach $10.6 billion by 2031

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Compression Wear and Shapewear Market Top Market Strategies, Competitive Scenario, and Leading Segments & Sub-Segments

According to a new report, “Compression Wear and Shapewear Market” The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porter’s Five Forces, and competitive scenario. The compression wear and shapewear market size was valued at $4 billion in 2020, and is projected reach $6.9 billion by 2030, registering a CAGR of 7.7% from 2021 to 2030.

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

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

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

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

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

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

Key Findings Of The Study:

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

Reason to Buy:

○ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Compression Wear and Shapewear market.
○ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
○ The key findings and recommendations highlight crucial progressive industry trends in the Compression Wear and Shapewear Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
○ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
○ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
○ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Related Report:

○ Sustainable Athleisure Market Will Show An Increase Of By 2027, Report
○ Maternity Wear Market Will Show An Increase Of By 2027, Report
○ Pajamas Market is Booming Industry in Upcoming Years Due To Global Demand

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Aerogel Market Latest Study, Growth Opportunity, Trends, Share, Size, Application, Raw Material, Geography and Forecast, 2020-2027

As per report, North America held the majority share in 2019, with nearly two-fifths of the total share of the global aerogel market and will maintain its highest contribution throughout the forecast period. This is due to surge in consumer awareness about global warming, which, in turn, improves adoption of aerogel in industrial and domestic applications. However, Europe is expected to maintain the highest CAGR of 10.6% during the forecast period, owing to presence of technologically developed countries including France, Germany, and Italy along with green initiatives of the European government.

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Characteristics of aerogel such as excellent thermal resistance, reusability & recyclability to improve sustainability, and high durability & fire protection drive the growth of the global aerogel market. However, high production cost hinders the market growth. On the other hand, surge in demand for aerogel-based apparel, adoption of lightweight & protective equipment, and application in cleaning oil spills create new opportunities in coming years.

Allied Market Research says that the global aerogel market size over USD 701.00 million in 2019, and is estimated to surpass USD 1.39 billion by 2027, registering a CAGR of 9.3% from 2020 to 2027.

Aerogel Market growth is driven by increasing demand for aerogel from automotive and oil & gas industries due to its high durability and fire resistance properties. However, high cost associated with production of aerogel is anticipated to restrain the markgrowthet growth. Furthermore, surge in demand for aerogel-based apparel is expected to provide new growth opportunities during the forecast period

By Application

Building Insulation
Oil & Gas
Aerospace
Automotive
Healthcare
Chemical
Electronics
Apparel
Other

Based on form, the blanket segment accounted for more than two-thirds of the global aerogel market in 2019, and is projected to maintain its leadership status based on revenue by 2027. This is due to rise in implementation in building insulation and oil & gas industries. However, the particle segment is expected to portray the highest CAGR of 11.0% from 2020 to 2027, owing to rise in use in water resistant coating, heat insulation coatings preparations, and paint formulations.

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Based on raw material, the silica segment held the highest market share in 2019, accounting for more than two-thirds of the global aerogel market, and is expected to maintain its dominant position during the forecast period. This is attributed to increase in demand from different end-use industries. However, the carbon segment is estimated to witness the highest CAGR of 11.5% from 2020 to 2027, owing to its usage in energy storage devices such as supercapacitors and hydrogen cells.

Covid-19 Scenario

• The demand for aerogel from the end user sectors such as construction and oil & gas has experienced significant decline due to disruptions in activities in those sectors during the Covid-19 pandemic.
• Manufacturers of aerogel have stopped manufacturing activities due to shortage of raw materials such as silica, carbon and others as supply chain has been disrupted with restrictions during the lockdown.

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Leading Market Players

• Armacell International S.A.
• Active Aerogels
• Aerogel Technologies LLC
• Aspen Aerogel Inc.
• BASF SE
• Cabot Corporation
• Dow Inc.
• JIOS Aerogel
• Svenska Aerogel AB
• Thermablok Aerogels Limited

Similar Report:

Europe Blanket Aerogel Market

Aerosol Propellants Market

About Us

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.

Digital gift card market size was valued at $ 258.34 billion in 2020, and is projected to reach $ 1,101.03 billion by 2030, growing at a CAGR of 15.8% from 2021 to 2030

Digital Gift Card Market is anticipated to reach $1,101.03 billion by 2030, registering a CAGR of 15.8% from 2021 and 2030. According to Allied’s report, the market is driven by recent technological advancements and the rapid launch of new products. The report covers an in-depth study of the latest market trends, major driving factors, top market players, and top investment pockets. A report is an essential tool for new market entrants, stakeholders, and shareholders to make informed decisions about their investments. The study involves an overview of the top market players along with a SWOT analysis of various industry players and Porter’s Five analysis to understand their market position. In addition, the study offers financial analysis, portfolio analysis, and business overview of the organizations that help stakeholders understand the long-term profitability of the industry. The report involves the latest market developments such as expansions, partnerships, new product launches, and mergers & acquisitions. Moreover, the study includes a detailed analysis of market dynamics such as drivers, restraints, challenges, and opportunities.

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The digital gift card market report offers an in-depth study of drivers, restraints, challenges, and opportunities. Thorough information about major drivers of the market helps to understand market dynamics and how they can affect market growth. Furthermore, the restrains and challenges are covered in the report which is essential for market players for investments. The rapid advancements in technologies and rise in demand are major factors that are expected to unlock new opportunities in the future. The market is projected to witness significant growth during the forecast period.

Along with this, the digital gift card report includes several tools that establish market growth. The SWOT analysis offers a comprehensive understanding of the major determinants of market growth, which is vital for understanding the upcoming opportunities. In addition, the report includes a Pestel analysis that offers industry-related data and information in tabular format which is vital to understand the positive and negative qualities that can impact the global digital gift card market. Moreover, the study includes Porter’s Five analysis to focus on those factors that can benefit the company in the long run.

An increase in demand for advanced payment options

Gift cards are compared to prepaid debit cards in this regard. These cards are now increasingly widely used for payments by customers thanks to their convenience, adaptability, dependability, and security. These cards are a crucial component of online payments. Gift cards generate 2% of worldwide e-commerce and 1% of point of sale (POS) spending, according to Worldpay’s 2018 report.

The Covid-19 pandemic had a major impact on the global Digital Gift Card market. The prolonged lockdown across European and Asian countries and restriction on international travel disrupted the supply chain and revenue chain. This negatively affected the market.

The global Digital Gift Card market is studied on the basis of geography along with the competitive landscape in every region. The report targets North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). These insights help to formulate business strategies and give insights about how to react to new lucrative opportunities.

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The Digital Gift Card market report covers an analysis of the major market players in the market. The study includes sales, revenue analysis, and production of these companies. The prime market players are Amazon.com, Inc., Apple, Inc., Blackhawk Network Holdings, Inc., Fiserv, Inc., InComm Payments, Loop Commerce, Inc., National Gift Card Corporation, PayPal Holdings, Inc., Target Brands, Inc. and Walmart Inc.

Key benefits of the report:

The Digital Gift Card market report provides a study of the digital gift card market coupled with a detailed summary, future estimations, and ongoing market trends to formulate profitable business strategies.
The study covers a detailed analysis of prime determinants of the market including drivers, restraints, challenges, and opportunities in the digital gift card market.
The market size is offered to determine the profitable trends to gain a strong foothold in the market.
The digital gift card market report provides a qualitative and quantitative analysis of the historic and forecast period.
The report includes Porter’s five forces analysis to understand the influence of the buyers and suppliers in the digital gift card market.
The report includes the digital gift card market trends and market share of major market players.

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Disposable Cutlery Market Expected to Reach $16.2 Billion by 2031

According to a new report published by Allied Market Research, titled, “Disposable Cutlery Market,” The disposable cutlery market was valued at $10.1 billion in 2021 and is estimated to reach $16.2 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.

Disposable cutlery, sometimes known as single-use cutlery, is cutlery which has to be disposed of after its use even though it can be used for decoration purposes after it’s used. Nowadays disposable cutlery is designed and manufactured well and in an attractive manner generally, people are disposing of it after use. The vast majority are made of wood and plastic. Disposable cutleries are for single use and can be used to have food only once, and have to be disposed of after its use. They came in different sizes, shapes, and materials. Disposable cutlery is available for both household and commercial use, in various sizes and shapes. The disposable cutlery includes spoons, forks, and knives. To make them simpler to handle, they are made lightweight.

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The disposable Cutlery market size is expected to grow at a significant rate owing to the rise in awareness regarding wooden disposable cutlery. The increase in the hospitality industry along with the rise in the demand for fast food are disposable cutlery market trends which will contribute to disposable cutlery market growth.

According to the Environmental Protection Department of Japan, 14,600,000,000 pieces of plastic cutlery are being disposed of throughout the year. Asia-pacific acquires the most share of the market region-wise. The primary market for the disposable cutlery market is the tableware market. In recent times governments are planning to ban plastic cutlery in their respective nations as it is causing harm to the environment.

Plastic disposable cutlery harms nature as it does not get disposed of naturally and easily. According to nature conservancy Canada, by avoiding the use of plastic straws and cutlery we can reduce environmental harm to some extent. Even companies try to cut such cutlery which can harm the environment. Due to the increase in awareness among the population, people put their best efforts to save mother earth. There is a rise in general awareness about sustainable development and people have started making conscious choices to reduce environmental hazards. This is anticipated to restrain the growth of the market.

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There is a huge rise in the demand for packaged food in Asia-Pacific. Food which comes with packaging, and can be consumed on the go is known as packaged food. As per the Australian government, the Chinese e-commerce platform has registered a rise of 56% in sales of healthy food that is packaged to eat on the go. As per the world economic forum, growth of income in India is anticipated to drive a huge opportunity for packaged, branded offerings. The busy schedule of people in the present time provokes them to choose ready-to-eat, delicious food, which can be a disposable cutlery market opportunity which will help the disposable cutlery industry to grow.

The disposable cutlery market is segmented into product type, material, end-user, distribution channel, and region for the disposable cutlery market forecast. On the basis of product type, the market is categorized into spoons, forks and knives. On the basis of material, it is segregated into plastic and wood. On the basis of end-user, it is bifurcated into household and commercial. On the basis of distribution channel, it is divided into B2B, hypermarkets/supermarkets, convenience stores, online retail, and others. On the basis of region, disposable cutlery market analysis is done across North America (the U.S., Canada, and Mexico), Europe (France, the UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea and Rest of Asia-Pacific), and LAMEA (Brazil, Turkey, South Africa, Argentina, and Rest of LAMEA).

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The players operating in the global disposable cutlery market have adopted various developmental strategies to expand their disposable cutlery market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Anchor Packaging, Apollo Funds, BioPak, D&W Fine Pack, Dart Container Corporation, DOPLA P.A.P., Goldplast, Hotpack Global, Huhtamaki and Pactiv Evergreen

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Charbroiler Market Fastest Growing and Highest Revenue Generating Segments, Key Trends, and Competitive Scenario

Popularity of grilled food is increasing, especially among meat-consuming population which is likely to surge the demand for charbroiled fast foods among consumers.

According to a new report published by Allied Market Research, titled, “Charbroiler Market by Type, Application and Product Category: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global charbroiler market was valued at $633.6 million in 2020, and is projected to reach $1,489.7 million by 2030, registering a CAGR of 5.7%. North America was the highest revenue contributor, accounting in 2020, and is estimated to grow at a CAGR of 4.6%. Asia-Pacific is estimated to garner the fastest growth rate of 7.2%. North America and Europe collectively accounted for around more than half of the global share in 2020 and is expected to continue the trend throughout the forecast period. A charbroiler, also referred to as a grill, broiler, or griddle, is a commonly used cooking device consisting of a series of grates or ribs that can be heated using a variety of means and is used for a variety of cooking operations such as grilling, frying, boiling, steaming, and shallow frying in commercial kitchen.

From the past few years, the popularity of grilled food is increasing especially among the meat-consuming population. This, in turn, increases its adoption in the food service industry. Charbroilers are popularly used for ease of food preparation in restaurants, hotels, and other commercial kitchens; improved food safety; and low labor & running costs. Rise in demand for charbroiled fast foods among consumers is the major driver of commercial cooking equipment market. In addition, technological advancements in commercial charbroilers to increase the energy efficiency and minimize carbon footprint is expected to boost the growth of the market. Moreover, surge in demand for modern and more efficient infrared-based commercial charbroilers is likely to offer immense opportunities for the growth of commercial cooking equipment market during the forecast period.

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The charbroilers market is segmented on the basis of type, application, product category, and region. Based on type, the market is bifurcated into electric charbroiler, gas charbroiler, and charcoal charbroiler. Based on application the market is bifurcated into household and commercial. Based on product category the global market is studied across outdoor and indoor. The global canned tomatoes market is also studied across North America, Europe, Asia-Pacific, and LAMEA.

Based on type electric charbroiler was the dominant segment in the global market with majority of the share in 2020. This segment was is also the fastest growing segment and is expected to dominate the charbroiler market throughout the forecast period. The growth of this segment can be attributed to the use of renewable sources of energy like solar panels that consumers are installing in their houses to reduce electricity costs. Furthermore, they generate much less smoke and cause lesser pollution. The gas charbroiler is expected to grow at a modest CAGR of 4.3% throughout the forecast.

Based on charbroiler market forecast by application, the commercial segment was the largest segment was the largest and the fastest growing segment. The growth of this segment can be attributed to the rise in the number of quick service restaurants, hotels and other food service establishments all across the globe. The household segment is expected to witness modest growth throughout the forecast period. The sale of household charbroilers increased during the lockdowns as many people were trying out new and healthy dishes and were eating a lot of home cooked meals. These charbroilers are now also slowly becoming popular in the Asian region, which can lead to further proliferation of household charbroilers.

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Based on charbroiler market analysis by product category, the indoor segment was the largest segment accounting for more than half of the share in 2020. The indoor segment is also the fastest growing segment throughout the forecast period and is expected to remain dominant throughout the forecast period. The growth of this segment can be attributed to it being more applicable for use compared to outdoor segment.

Based on region, the North America was the largest regional segment in 2020 and is expected to remain dominant throughout the forecast period. U.S. was the most prominent country throughout the forecast period with majority of the share followed by China. Asia-Pacific was the fastest growing segment with a CAGR of 7.2% throughout the forecast period.

Some of the major players profiled for in the charbroiler market include Atosa USA, Inc., Comstock-Castle Stove Co., Inc., Electrolux AB, Illinois Tool Works Inc, Middleby Corporation, Sas Bakery Equipments, The Montague Company, The Vollrath Co., LLC, W.C. Bradley Co., and Welbilt Inc

Key Findings Of The Study

On the basis of type, the electric charbroiler segment is projected to witness the highest CAGR in revenue terms, during the forecast period.
On the basis of application, the commercial segment is expected to dominate the market from 2021 to 2030.
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 charbroiler market in 2020.
Asia-Pacific is anticipated to witness highest growth rate, registering a CAGR of 7.2% from 2021 to 2030.

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Outbound MICE Industry Growing at a CAGR of 13.3% from 2022 to 2031.

According to a new report published by Allied Market Research, titled, “Outbound MICE Market,” The outbound mice market was valued at $225.90 billion in 2021, and is estimated to reach $1272.2 billion by 2031, growing at a CAGR of 13.3% from 2022 to 2031.

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Large worldwide firms’ CXOs assert that the outbound MICE sector contributes significantly to the tourism industry’s profitability. It provides straightforward and useful event planning advice and helps choose the perfect venue, which is essential to a successful event. The hotel and transportation industries are directly related to the MICE industry. These industries can benefit from MICE business by offering their products and services to the attendees and organizers of MICE events. Both the principal producers and consumers of MICE are hotels. Top CXOs from around the world report that hotel lodging and meals account for more than 65% of the money spent by business attendees at MICE events, with only 15% going to restaurants outside the hotel. 10% goes toward retail and 10% goes toward local transit.

In addition, a high internet and technology penetration in densely populated countries supports the growth of business travel, which indirectly promotes the growth of the global MICE industry. As a result, the development of the MICE industry is a key factor in regional cooperation, intellectual advancement, and economic prosperity. Additionally, it is projected that during the projection period, increased business competition, the creation of new companies and organizations, and an increase in manufacturing and production activities would boost the expansion of the outbound MICE market. Financial, insurance, pharmaceutical, and automotive companies in particular, which account for a sizable chunk of the outbound MICE industry, invest a lot of money in events and incentives. Typically, these industries organize kickoff events, conferences, and meetings.

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For market analysis, the outbound MICE market is segmented into event type and region. By event type, it is segregated into meeting, incentive, convention, and exhibition. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, Spain, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Singapore, Australia, Japan, Malaysia, South Korea, Hong Kong, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

According to the outbound MICE market trends, on the basis of event type, incentive segment was the significant revenue contributor to the market, with $27.8 billion in 2021, and is estimated grow at a CAGR of 16.1% during the forecast period. Employees are usually rewarded with incentive travel. A non-work-related vacation intended to maintain performance motivation. It is advantageous if a company that offers MICE services is situated in a nation that attracts leisure travelers and has a pleasant climate. The requisite airports, hotels, and airline connections are probably already in place. Thus, above mentioned factors are likely to boost the outbound MICE market demand during forecast period.

They draw incentive travelers to their location. A notable example for such an incentive location is Tanzania. In order to get the best performance from their employees, business owners may be encouraged by a growing economy and the expansion of the service and manufacturing industries to invest in their employees through incentive travel. This is expected to help the outbound MICE market growth during the forecast period.

According to the outbound MICE market opportunities, region wise, Asia-Pacific garnered a significant outbound MICE market share in 2021, and is expected to maintain its market share throughout outbound MICE market forecast period. Asia-Pacific has been gaining significant traction in global outbound market owing various factors such as rise in the manufacturing and service sector, infrastructural development, and free trade agreement between India and other countries. Furthermore, Government is actively taking interest in promoting MICE market in their respective countries by forming ministries and policies. For instance, the tourism policy for Gujarat, introduced by former Chief Minister Vijay Rupani, aims to position the state as the top tourist destination in the nation with a focus on investment and employment possibilities. Gujarat is to become a “MICE” tourism hotspot as a result of the initiative.

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In this policy, the government proposed an incentive of $63.01 for the event organizer per foreign participant staying over, up to a maximum of $6,301.16, to encourage international events. The players operating in the global outbound MICE industry 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 are 360 Destination Group, Access Destination Services, ATPI LTD., BCD GROUP (BCD MEETINGS & EVENTS), BI Worldwide, Carlson Wagonlit Travel (CWT Meetings & Events), CIEVENTS, Conference Care Ltd., Creative Group, Inc., CSI DMC, IBTM, ITA Group, MARITZ, Meetings & Incentives Worldwide, Inc., ONE10, LLC, The Freeman Company, and The Interpublic Group of Companies, Inc.

Key findings of the study

The global outbound MICE market size was valued at $225.9 billion in 2021 and is estimated to reach $1,272.2 billion by 2031, registering a CAGR of 13.3% from 2022 to 2031.
On the basis of event type, the exhibitions segment acquired $17.7 billion in 2021, exhibiting 7.8% of the global market share.
On the basis of region, China was the most prominent market in Asia-Pacific in 2021, and is projected to reach $138.1 billion by 2031, growing at a CAGR of 19.0% during the forecast period.

Related Report:-
Event Services Market : https://www.alliedmarketresearch.com/event-services-market-A16206
U.S. Event Market : https://www.alliedmarketresearch.com/us-events-market-A15196

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