A Market Place Research – Page 1457

Vehicle Diagnostics Market : Vehicle Health Alert Industry Forecast, 2022-2029

Vehicle diagnostics system comprises diagnostic solutions that can be used to analyze the state of functions performed by sensors, electrical, and electronic systems to enhance the proper functioning of the vehicle. It is a part of auto services that is utilized in the vehicle service station. In addition it identifies and overcomes problems associated with the performance and operational efficiency of the vehicle. Therefore, it is widely applicable in the automotive industry and its demand is expected to grow at a very large scale over the forecast period.

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COVID-19 scenario analysis:

For manufacturing industries globally, COVID-19 has resulted in a vast decline in revenue and profits.
COVID-19 outbreak disrupted supply chains, automakers, and manufacturers of electronic goods in various countries. Therefore, they are paying exorbitant rates to fly down spares and components across the globe.
Facilities across the globe have run out due to the ban on usual transportation. Airlines and ships have stopped operating in many countries, thereby making cargo transportation impossible and resulting in huge losses to manufacturers.
Automobiles makers, consumer electronics, and pharmaceuticals in various countries, especially rely on China and other neighboring developed countries for the supply of several raw materials and parts such as compressors, electronic components, and various sensors.
The supply chain has been broken for a long while now due to lockdown and the demand has completely subsided. It is estimated to take a very long time to revive.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Increase in demand for electric system analyzer tools and stringent regulations in regions governed by the Commercial Vehicle Safety Alliance (CVSA) are expected to boost the market growth over the forecast period. However, data security concerns restrain the growth of the market. Furthermore, benefits for fleet operators & insurance companies are expected to provide lucrative opportunities for the vehicle diagnostics market.

The vehicle diagnostics market trends are as follows:

Increase in demand for electric system analyzer tool

Increase in demand is due to the recent rise in popularity of electric vehicles, which is expected to continue at a high pace in the coming years. In addition, many key players in the automotive sector invest in innovation and upgrade their vehicles, which are expected to play an essential role toward the growth of the vehicle diagnostics market over the forecast period.

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Vehicle Diagnostics Market Report Highlights

Aspects	Details
By Region	North America (U.S., Canada, Mexico)Europe (UK, Germany, France, Russia, Rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa, Rest of LAMEA)
By Type	Light-Duty VehicleCommercial Vehicle
By Connectivity	4G LTE3GBluetoothWi-Fi
By Application	Automatic Crash NotificationVehicle TrackingVehicle Health AlertRoadside Assistance
Key Market Players	Robert Bosch GmbH, Continental AG, Yazaki Corporation, Magneti Marelli S.P.A, Delphi Automotive PLC, Denso Corporation, Harman International, Alpine Electronics, Pioneer Corporation, Clarion Co., Ltd.

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Boom Truck Market : Construction Industry Forecast 2021-2027

Boom trucks are mounted with telescopic boom crane equipment to lift cargo or workers in applications such as logistics, maintenance, and construction. These boom trucks possess a variety of specifications such as lifting capacity, lifting reach, payload, hauling capacity, trim branches away from highway signs, power lines, and roofs. They are majorly used to lift workers for maintenance & inspection of high-rise structures & buildings, pumping concrete, and loading & unloading cargo from warehouses & other trucks. Increase in urbanization in many developing countries is expected to fuel the boom truck market growth over the forecast period.

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COVID-19 scenario analysis:

The transportation industry has completely been shut due to the pandemic, which has created new challenges for cargo and production houses to shift their goods from one place to another.
The fear of spreading COVID-19 among workers has allegedly forced workers not to operate in infected places or cities.
The Original Equipment Manufacturers (OEMs) have been severely affected in this pandemic.
The spread of the virus has created huge issues for the transportation department and companies have to ensure new methods to protect their employees from getting infected.
After the lockdown eases, transporting companies have to come up with new rules & regulations to face these difficult situations.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Rise in demand from end-user industries and increase in infrastructure investments globally are the key factors that drive the boom truck market globally. However, high initial cost and maintenance cost are expected to restrain the growth of the market. Furthermore, increase in the number of trained operators is projected to provide lucrative opportunities for the boom truck market.

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The boom truck market trends are as follows:

Rise in demand from end-user industries

The demand for automation and upgraded machinery has significantly grown in the last few decades by many developed industries to improve productivity. Many companies implement automated machinery to enhance their services and to maintain a good level of sustainability in the market. Therefore, this is further expected to boost the boom truck market over the forecast period.

Increase in infrastructure investments globally

Governments globally are getting more concerned about their infrastructure and trying to enhance it to attract international tourism, promote economic recoveries, etc. Increase in investments in many developing countries, such as Brazil, China, and India, created significant market opportunities for the boom truck market. Therefore, this is expected to further boost the growth of the market over the forecast period.

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Boom Truck Market Report Highlights

Aspects	Details
By Application	RentalConstructionUtilityTelecommunication
By Product	Boom Truck CranesBelow 10 Metric TonsAbove 50 Metric Tons
By Region	North America (U.S., Canada, Mexico)Europe (France, Germany, UK, Russia, Rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)LAMEA (Latin America, MIddle East, Africa)
Key Market Players	Load King, Manitex Inc., Manitowoc Cranes, Palfinger AG, Bronto Skylift, CTE Group SPA, Aichi Corporation, Altec Inc., Axion Lift, Tadano Ltd.

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Wet Vacuum Cleaner Market in-depth study of the dynamic factors such as drivers, restraints, challenges, and opportunities

According to a new report published by Allied Market Research titled, “Wet Vacuum Cleaner Market by Product Type, Application and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019–2026,” The global wet vacuum cleaner market size was valued at $1.0 billion in 2018, and is projected to reach $1.4 billion by 2026, registering a CAGR of 4.1% from 2019 to 2026.The wired segment was the highest contributor to the market, with $606.8 million in 2018, and is estimated to reach $799.8 million by 2026, at a CAGR of 3.6% during the forecast period.

The cordless segment is anticipated to garner the highest wet vacuum cleaner market share during the forecast period. This is due the busy lifestyle of consumers, which encourages them to look out for convenient options that save time and help keep their houses clean. Cordless vacuum cleaners are embedded with IoT and thus, can efficiently perform the cleaning job without much human interference in lesser time. Thereby, this fact is expected to boost the demand for cordless wet vacuum cleaner among the customers. Hence, this in turn is expected to fuel cordless wet vacuum cleaner market during the forecast period in terms of value sales

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Key Findings of the Study

The cordless segment is expected to grow at a CAGR of 4.8% during the forecast period.

Asia-Pacific regions anticipated to dominate the wet vacuum cleaner market growth, registering a CAGR of 5.9% during the forecast period.

North America is projected to exhibit exponential growth throughout 2026, registering a CAGR 3.4% during the forecast period.

The Specialty store distribution segment is anticipated to dominate the global s wet vacuum cleaner market analysis, with a CAGR of 3.6%during the forecast period.

The E-commerce segment is estimated to grow at a CAGR of 6.6%during the wet vacuum cleaner market forecast period.

The key players operating in the wet vacuum cleaner industry are :-
AB ELECTROLUX
ALFRED KÄRCHER SE & CO. KG
BISSELL, INC.
DELFIN INDUSTRIAL VACUUMS
HAKO GmbH
HILTI CORPORATION
KONINKLIJKE PHILIPS N.V.
NILFISK
SHOP-VAC CORPORATION
TENNANT COMPANY

Key Market Segments
By Application ( HOUSEHOLD ,COMMERCIAL)
By Distribution Channel ( SUPERMARKETS/HYPERMARKETS, SPECIALTY STORE, E-COMMERCE , OTHERS)
By Product Type ( Cordless ,Wired)
By Region ( NORTH AMERICA , EUROPE, ASIA-PACIFIC ,LAMEA)

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Rise in demand for convenient and time-saving cleaning devices, a great change has taken place in the structure and design of the wet vacuum cleaner. Furthermore, they are easily accessible to the consumers through different distribution channels that include hypermarket / supermarket, specialty stores, online stores and others. Thus, this in turn has contributed in driving the growth of the wet vacuum cleaner market in terms of value sales.

The E- commerce segment in the wet vacuum cleaner market is anticipated to be the fastest growing segment during the forecast period. This is attributable to the easy accessibility, heavy discounts & offers on electronic devices by these online platforms, which boosts their adoption in the wet vacuum cleaner market, thus becoming a popular medium for the purchase of wet vacuum cleaners. Moreover, easy availability of different types of wet vacuum cleaners along with the information about the products coupled with the facility of home delivery contribute to the increase in sales of wet vacuum cleaner through online platform. Thus, this in turn is expected to propel the growth of the wet vacuum cleaner market in terms of value sales during the forecast period.

LIST OF TABLES

TABLE 01.GLOBAL WET VACUUM CLEANER MARKET, BY PRODUCT TYPE, 2018–2026 ($MILLION)
TABLE 02.CORDLESS WET VACUUM CLEANER MARKET, BY REGION, 2018–2026 ($MILLION)
TABLE 03.WIRED WET VACUUM CLEANER MARKET, BY REGION, 2018–2026 ($MILLION)
TABLE 04.GLOBAL WET VACUUM CLEANER MARKET, BY APPLICATION 2018–2026 ($MILLION)
TABLE 05.WET VACUUM CLEANER MARKET FOR HOUSEHOLD , BY REGION, 2018–2026 ($MILLION)
TABLE 06.WET VACUUM CLEANER MARKET FOR COMMERCIAL, BY REGION, 2018–2026 ($MILLION)
TABLE 07.GLOBAL WET VACUUM CLEANER MARKET, BY DISTRIBUTION CHANNEL, 2018–2026 ($MILLION)
TABLE 08.WET VACUUM CLEANER MARKET FOR SUPERMARKETS/HYPERMARKETS, BY REGION, 2018–2026 ($MILLION)
TABLE 09.WET VACUUM CLEANER MARKET FOR SPECIALTY STORE, BY REGION, 2018–2026 ($MILLION)
TABLE 10.WET VACUUM CLEANER MARKET FOR E-COMMERCE , BY REGION, 2018–2026 ($MILLION)

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Q3. How can I get report sample of Wet Vacuum Cleaner Market?
Q4. What would be forecast period in the market report?
Q5. What are the segments of Wet Vacuum Cleaner Market?

Electric Grill Market https://www.alliedmarketresearch.com/electric-grill-market-A09400

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Fantasy Sports Market Industry Analysis by Top Leading Player, Key Regions, Future Demand and Forecast up to 2021-2027

According to a new report published by Allied Market Research, titled, “Fantasy Sports Market by Sports Type, Platform, and Demographics: Opportunity Analysis and Industry Forecast, 2021–2027,” the global fantasy sports market size was $18.6 billion in 2019, and is projected reach $48.6 billion by 2027, registering a CAGR of 13.9% from 2021 to 2027

Key Findings Of The Study

By region, North America dominates in terms of the fantasy sports market share and is expected to retain its dominance during the forecast period.
By sports type, the fantasy football segment led in terms of market share, in 2019; however, the fantasy cricket segment is expected to gain market share in the upcoming years.
By platform, the mobile application segment accounted for about three-fourths share of the fantasy sports market in 2019 and is poised to grow at the highest CAGR during the forecast period.
By demographics, the under 25 years segment is expected to gain market share in the upcoming years and is estimated to grow at a CAGR of 15.9% during the fantasy sports market forecast period.
By region, rest of World is anticipated to grow with robust CAGR of 18.2% during the forecast period.

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Some of the key players analyzed in the fantasy sports market analysis :-
ROTOWORLD (COMCAST CORPORATION)
FANTASYPROS (MARZEN MEDIA LLC)
ROTO SPORTS, INC
FANTRAX
GOOD GAMER CORPORATION
NFL ENTERPRISES LLC
DRAFTKINGS INC
SPORTECH INC
FANDUEL
DREAM SPORTS

Market growth Overview 2021-2027

The rapid expansion of the fantasy sports industry has been well supported by investment from investors around the world. Investors around the world continued to show interest on sports fantasy platforms. For instance Dream11 a fantasy sports platform in India received funding of about $100 Million in a Series D funding round in the year 2018 led by Chinese investment holding company Tencent. On the similar lines, Halaplay raised $5 billion in Series A funding led by Kae Capital and Nazara Technologies. Similarly, FanDuel has received collective funding of more than $400 million. DraftKings, a sports fantasy platform launched in 2012 has raised close to $900 million and is now valued at more than $2 billion. The continued investment from investors aids in the fantasy sports market growth with better product offerings from different platforms.

COVID-19 Analysis :-
The emergence of COVID-19 has negatively disrupted the global fantasy sports market with leagues and tournaments either been called off or shifted to last month of 2020 or to the next year, i.e. 2021. The deferral of sports events has led to widespread losses for the engaged stakeholders. Nevertheless, with the resuming of sports activities in the last quarter of this year, the market is expected to recover slightly; however, a major rebound is projected to be witnessed next year onwards.

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The fantasy sports market is segmented into sports type, platform, demographics and region.

By sports type, the global market is classified into football, baseball, basketball, hockey, cricket, and others. By platform, it is bifurcated into website, and mobile application.
By demographics, the fantasy sports market is divided into under 25 years, 25 to 40 years and above 40 years.
By region, the market is analyzed across North America, Europe, and Rest of World. The market is evaluated based on the user expenditure on fantasy sports platforms.

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CHAPTER 1:INTRODUCTION

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

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

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Porter’s five forces analysis

3.2.1.Bargaining power of suppliers
3.2.2.Bargaining power of buyers
3.2.3.Threat of substitution
3.2.4.Threat of new entrants
3.2.5.Intensity of competitive rivalry

3.3.Parent market overview
3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Expansion of digital infrastructure in addition with falling data prices augmented market expansion.
3.4.1.2.Increased investment from investors in fantasy sports platforms to usher market
3.4.1.3.Partnerships of sports fantasy platforms with sport leagues
3.4.1.4.Supporting infrastructure and social media platforms accelerating market growth
3.4.1.5.Transparency in monetary transactions resulting in greater user engagement and comfort

3.4.2.Restraints

3.4.2.1.Lack of awareness about fantasy sports platforms amongst gaming audience
3.4.2.2.Legal and regulatory challenges to dissuade market proliferation.

3.4.3.Opportunity

3.4.3.1.Early adoption of advanced technologies to create new growth avenues for the sports fantasy industry.

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Household Vacuum Cleaners Market Market Size, Demands, Latest Trend, Growth Rate, Overview, and Forecast to 2022 to 2031

According to a new report published by Allied Market Research, titled, “Household vacuum cleaners Market by Product, and Sales Type: Global Opportunity Analysis and Industry Forecast, 2021-2031,”The global household vacuum cleaners market was valued at $15,313.3 million in 2020 and is estimated to reach $29,133.8 million by 2031, registering a CAGR of 6.1% from 2022 to 2031.

Vacuum cleaner, a household appliance that uses suction to collect dust and small particles, is used for cleaning house floors and other surfaces. Today, the household vacuum cleaners gain a steady demand among customers due to concerns such as hygiene and improved living standards. Growing respiratory diseases due to dust and small particles fuel the sale of vacuum cleaners across the developed nations. Increase in population of tech-savvy consumers globally, especially in the Asia-Pacific region, has accounted for the increase in demand in the recent past. The countries in the Middle East and African region are expected to also witness increase in demand among middle to high income class households, seeking to adopt convenient and sophisticated solutions.

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The household expenditure on consumer electronics products has increased in the recent past due to prosperous economic growth. The growing trend for dual income families and limited time for household chores are anticipated to fuel the market growth. However, the increase in energy bills due to household appliances such as vacuum cleaners has limited the adoption of household vacuum cleaners among middle class consumers. The industry players focus on R&D to reduce the operation time and energy consumption. The COVID-19 outbreak has positively impacted the overall growth of the household vacuum cleaners market. During the lockdown period, people were actively involved in replacing the old household appliances with new and advanced appliances. According to the household vacuum cleaners market analysis, the household vacuum cleaners market is segmented into product, type, sales type, and region. On the basis of product, the market is categorized into upright, canister, central, drum, wet/dry, robotic and others. On the basis of type, it is bifurcated into corded and cordless. On the basis of sales channel, it is segregated into online and offline. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Netherlands, Spain, Russia and Rest of Europe), Asia-Pacific (China, Australia, Japan, South Korea, India and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, Saudi Arabia and Rest of LAMEA).

According to the household vacuum cleaners market trends, on the basis of product, the robotic segment was valued at $2,596.8 million in 2020 and is projected to reach $6,418.1 million by 2031, growing at a CAGR of 8.6% from 2022 to 2031. Robotic vacuum cleaners are projected to grow at a significant CAGR of 11.6% during the forecast period, due to their automation capabilities and innovative features. Moreover, the ongoing technological advancement is expected to reduce their prices during the forecast period, which is expected to increase demand further.

According to type, the corded segment was valued at $4,615.1 million in 2020 and is expected to grow at $9,586.3 million by 2031, registering a CAGR of 6.9% during the forecast period. The corded segment accounted for the significant share in the global household vacuum cleaners market in 2020 and is expected to increase its share during the forecast period. This was attributed to its higher suction power and longer run time after it is plugged into the mains unit. Thereby, corded vacuum cleaners have a higher capacity of collecting dust as compared to the cordless vacuum cleaners. Corded household vacuum cleaners need bigger storage space in homes and are more expensive than cordless, thus gaining significant household vacuum cleaners market share.

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According to the household vacuum cleaners market opportunities, by region, North America has been gaining considerable share in household vacuum cleaners and is expected to sustain its share throughout household vacuum cleaners market forecast period. Technological advancement and high adoption rate for new technology are major attributes that drive the North America household vacuum cleaners market growth. The technological advancement in vacuum cleaners have made operation more user friendly. Since its invention, market players have invested significantly to reduce noise, increase battery backup, and reduce size. Robotic vacuum cleaner is the major advancement in the market, which is gaining widespread adoption among the consumers due to the convenience offered by them.

The players operating in the household vacuum cleaners industry have adopted product launch and business expansion as their key developmental strategies to expand market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Bissell, Inc., Dyson Ltd., Electrolux AB, Haier, Electronics Group Co., Ltd., iRobot Corporation, Koninklijke Philips N.V., LG Electronics, Inc., Miele & Cie. KG, Panasonic Corporation, and Samsung Electronics Co., Ltd.

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Key Findings Of Study

The household vacuum cleaners market size was valued at $15,313.3 million in 2020, and is estimated to reach $29,133.8 million by 2031, registering a CAGR of 6.1% from 2022 to 2031.
In 2020, depending on product, the central segment accounted for $1,110.0 million, garnering 7.2% of the global market share.
On the basis of type, the cordless segment acquired $10,698.20 million, exhibiting 69.9% of the global market share.
In 2020, by sales type, the offline segment was valued at $10,735.3 million, accounting for 70.1% of the market share.
China was the most prominent market in Asia-Pacific in 2020, and is projected to reach $3,089.3 million by 2031, growing at a at a CAGR of 6.7% during the forecast period.

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Online Travel Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2031

quote The travel market has evolved considerably over the past few years, owing to digitalization of travel services and the growth intravelling trend, worldwide. The proliferation of mobile devices largely supplements the growth of this market. The market is witnessing consolidation, with leading online travel agencies (OTAs) acquiring the start-ups and other smaller players, thereby, giving a tough competition to the established direct travel suppliers and travel agents. quote

According to a new report published by Allied Market Research, titled, “Online Travel Market by Service types, Platforms, Mode of booking and Age Group: Global Opportunity Analysis and Industry Forecast, 2022-2031,”

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The global online travel market was valued at $354.2billion in 2020, and is estimated to reach $1,835.6 billion by 2031, registering a CAGR of 14.8% from 2022 to 2031. Globally, the number of people in the middle and upper middle classes is increasing rapidly.

People now opt for more than one trip every year with the growth in living standards and increased purchasing power. Furthermore, for convenience and easy transactions, people have started availing online travel services, thus saving time &resources, fostering the growth of the online travel market. Growth of the online travel market is driven by increase in internet penetration, rise in disposable income of people in emerging markets, and ease of comparing a variety of travel options online. Market players introduce innovative travel and vacation package deals to assist travelers’ in making sound travel decisions as per their spending capability, such as affordable packages for international destination, discounts on car rentals and cash back on international flights.

Political disturbance and natural calamities are some of the factors that restrain the growth of the online travel market .Furthermore, low digital literacy and unavailability of the internet connection in remote areas are expected to limit the growth of the market.

Outbreak of COVID-19 negatively affected the growth of the online travel market in 2020. Frequent lockdown practices, social distancing and ban on travel and tourism in most of the countries were some of attributes for decreased growth of the market in 2020.

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According to the online travel market analysis, the online travel market segmented into service type, platform, mode of booking, age group, and region. On the basis of service type, the market is categorized into transportation, travel accommodation, and vacation packages. By platform, it is segmented into mobile and desktop. On the basis of mode of booking, it is segregated into online travel agencies (OTAs) and direct travel suppliers. On the basis of age group, market is segmented into 22-31 years32-43 years44-56 years and >56 years. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, and rest of LAMEA).

According to the online travel market trends, on the basis of service types, the transportation segment was valued at $145.8billion in 2020, and is projected to reach $670.6billion by 2031, growing at a CAGR of 13.6% from 2022 to 2031. Transportation segment is projected to maintain its lead in the overall online travel services market, owing to rise in online flight bookings. Expansion in the number of low-cost carriers and growth in the number of connecting flights for tier I and II cities across the globe, drive the growth of flight bookings, which significantly contributes for the online travel market growth during the forecast period. Tier I cities are densely populated and have higher living expenses and tier II cities are with moderate cost of living and decent infrastructure and connectivity.

By platform, the mobile segment accounted for the significant share in the global market in 2020 and is expected to increase its share during the forecast period. Increased penetration of smartphones, growing confidence of people in safety of mobile payments, growing digital literacy and social media usage for advertising are likely to contribute for the growth of the market through mobile segment.

On the basis of mode of booking, the online travel agencies (OTAs)segment accounted for considerable share in global online travel market and is expected sustain its share throughout the online travel market forecast period. The OTAs gain popularity in the online travel market owing to the low cost travel options offered by them. They give travelers the flexibility to plan and book travel as and when required. The OTAs gain popularity in the market owing to the low cost travel options offered by them. They give travelers the flexibility to plan and book travel as and when required. Flight bookings contribute approximately 87% of the OTA sales; however, they have taken initiatives to diversify the non-air products as well. Non-air products includes hotels, bus, trains and other. Currently, OTA majorly contributes to the revenue generation of hotels.

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On the basis of age group, the travelers in the age group of 32–43 years occupy a major portion of the market. However, from a growth perspective, the young travelers within the age group of 22–31 years segment is expected to witness the highest CAGR, due to extensive use of social media and smartphones for travel planning and bookings. This age group traveler’s first research scan various sites online, and when planning for a vacation or a short weekend getaway. These people have high spending power as compare to other age group people.

According to the online travel market opportunities, region-wise, North America dominated online travel market share and is expected to be dominant during the forecast period. Surge in demand for travelers seeking perfectly clean sites and personalized services in a normal environment also increases the demand for tourism packages in the North America. Growth in number of trip per year and emergence and increase in demand for agro tourism, eco-tourism are further attributable for the growth of the market in North America.

The players operating in the online travel industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Expedia Group, Inc., Ebury Partners UK Ltd, Fareportal Inc. , Hostelworld.com Limited, Hurb Co S/A, HRS, Make MyTrip Ltd., Oracle Corporation, Priceline (Booking Holdings Inc.), SABS Travel Technologies, Tavisca Solutions Pvt. Ltd., Thomas Cook India Ltd., travelomatix.com, Trip.com Group, Tripadvisor, Inc., and WEX Inc

Key Findings Of The Study

The online travel market size was valued at $354.2billionin 2020, and is estimated to reach $1,835.6billionby 2031, registering a CAGR of 14.8% from 2022 to 2031.
In 2020, depending on service types, the transportation segment acquired $145.8 billion, garnering 41.2% of the global market share.
On the basis of platforms, the mobile segment acquired $108.8 billion, exhibiting 30.7% of the global market share.
In 2020, by mode of booking, the direct travel suppliers segment was valued at $197.3billion, accounting for 55.7% of the market share.
U.S. was the most prominent market in North America in 2020, and is projected to reach $93.2 billion by 2031, growing at a CAGR of 12.0% during the forecast period.

Europe Automotive Air Filter Market to Garner at 6.3% of CAGR During 2030

Allied Market Research published a report, titled, “Automotive Air Filters Market By Type (Air Intake Filters, Cabin Air Filters), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Propulsion (ICE and Hybrid Vehicles, Electric Vehicles), By Sales Channel (Original Equipment Manufacturer (OEM), Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2030.” According to the report, the global automotive air filter industry was estimated at $4.7 billion in 2020, and is anticipated to hit $7.8 billion by 2030, registering a CAGR of 5.4% from 2021 to 2030.

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Introduction of regulations regarding emission of greenhouse gases, increase in demand for luxury vehicles with greater cabin comfort, and rise in production & sale of automotive drive the growth of the global automotive air filter market. On the other hand, rise in demand for electric vehicles impedes growth to some extent. However, advancements in technology and surge in demand for the multi-filtration system are anticipated to pave the way for lucrative opportunities in the industry.

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Covid-19 scenario-

Decrease in vehicle production and decline in sales of automobiles gave way to a shortage of automotive components, which resulted in delays of vehicles across the globe, thereby impacting the automotive air filter market negatively.
However, as the global situation is getting better, the market is also projected to get back on track soon.

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By type, the cabin air filters segment contributed to the major share in 2020, holding around more than half of the global automotive air filter market. The same segment would also cite the fastest CAGR of 5.9% during the forecast period, since it aids in improving the car’s ventilation by removing particles such as dust, mold, pollen, and bacteria from the air.

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By region, the market Asia-Pacific had the lion’s share in 2020, generating more than two-fifths of the global automotive air filter market. Increase in sale of passenger cars with advanced features to reduce carbon footprints drives the market growth. The Europe region, however, is projected to portray the fastest CAGR of 6.3% by 2030. This is due to increase in sales of cars and electric vehicles in the province.

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Similar Reports We Have on Automotive Industry:

Automotive Filter Market by Filter Type (Fuel Filter, Engine Oil Filter, Engine Air Filter, Cabin Air Filters, Steering Filter, and Coolant Filter), Application (Passenger Cars and Commercial Vehicle), and Distribution Channel (OEM and Aftermarket) – Global Opportunity Analysis and Industry Forecast, 2017-2030.

Air Filters Market – Opportunities and Forecasts, 2014 – 2030.

Automotive Hydraulic Filters Market by Filter Type (Bag Filter, Screen Filter, Magnetic Filter, and Others), Filter Material (Metal Screens, Wire Mesh, Synthetics, Micro-Glass, and Others), Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), and Sales Channel (Original Equipment Manufacturer (OEM), and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020–2030.

About Allied Market Research

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Electric Vehicle Charging Cable Market to reach $3.45 billion by 2031

According to a new report published by Allied Market Research, titled, “Electric Vehicle Charging Cable Market,” The electric vehicle charging cable market was valued at $0.67 billion in 2021, and is projected to reach $3.45 billion by 2031, growing at a CAGR of 18.1% from 2022 to 2031.

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Asia-Pacific dominates the market, in terms of revenue, followed by Europe, North America, and LAMEA. China dominated the global EV charging cable market share in 2021 and is expected to grow at a significant rate during the forecast period, owing to series of initiatives taken by private companies, local governments, and federal officials to promote the adoption of electric vehicle.

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Electric vehicles (EVs) are installed with rechargeable battery packs, which can be charged through public or private station outlets. Thus, to charge the electric vehicles, EV charging cables are used in infrastructure (charging station) to charge them. These cables have two ends, one of which is attached to a connector & plugged into the electric vehicle, and the other into the charging point. The charging cable for electric vehicles supports a variety of charging modes in different regions. Presently, the leading EV charging cables manufacturers are investing significantly in EV charging infrastructure along with research & development for faster and efficient charging methods. For instance, in April 2019, Leoni AG launched & illustrated wide variety of its cables as well as solutions at the Electric & Hybrid Technology Expo, Stuttgart especially for fast charging technology, power supply with high-voltage cables as well as its LEONiQ digital cable technology. The new technology is equipped with liquid-cooled charging systems that contributes to ensure the temperatures in the cable and connector.

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Factors such as the increasing adoption of EVs have amplified the EV charging cables market. Additionally, government concerns over reducing carbon footprints are driving the market of EV charging cables. Besides, the demand for fast charging cables would proliferate the market growth. However, high operational costs of EV charging cables and adoption of wireless EV charging technology would hamper the market growth. Further, rocketing infrastructural developments of public EV charging station and advancements in EV charging cable technology will propel electric vehicle charging cable market growth.

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AG Electrical Technology Co., Ltd., Aptiv Plc, Besen International Group, Brugg Group, Chengdu Khons Technology Co., Ltd., Coroplast Fritz Müller GmbH & Co. KG, Dyden Corporation, EV Cables UK, Guangdong OMG Transmitting Technology Co., Ltd., Leoni AG, Manlon Polymers, Phoenix Contact, Prysmian S.p.A., Sinbon Electronics, and TE Connectivity are some of the leading players operating in the EV charging cable market.

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Outdoor Sports Apparel Market Size, Top Key Players, Latest Trends, Regional Insights, and Global Industry Dynamics By 2025

According to a new report published by Allied Market Research, titled, “Outdoor Sports Apparel Market by Mode of Sale and End User: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,”the global outdoor sports apparel market was valued at $12,400 million in 2017 and is projected to reach $17,154 million by 2025, registering a CAGR of 4.1% from 2018 to 2025. Outdoor sports apparel is mainly worn during workout sessions or while playing outdoor sports. These clothes enhance the performance during sports or fitness physical activities by improving the body movement as compared to regular clothes.

“The global outdoor sports apparel market has witnessed significant growth owing to increase in interest of people toward adventure tourism. These days, individuals, love to explore different avenues to gain deeper experience and absorb new cultures worldwide. They like to invest more time with family owing to increasingly hectic lifestyles. To pick up an important and exceptional experience, individuals progressively opt for unique trips which include cultural visit, cruising, and outdoor sports activities. This growth in interest of consumer toward adventure tourism and other outdoor sports activities support the growth of the outdoor sports apparel market. “

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They are specially designed to provide comfort during exercise or sports also sometimes these can be worn as casual fashion clothing. Increase in disposable income and rise in fitness consciousness customers are the factors that fuel the global outdoor sports apparel market growth. These factors have increased the consumer participation in number of outdoor activities such as hiking, camping, mountaineering, cycling, canoeing, caving, kayaking, rafting, rock climbing, running, sailing, skiing, sky diving, surfing, and others.

In addition, upsurge in participation of the youth and old population in adventurous physical activities propel the demand for the sports-related products, thereby driving the growth of the outdoor sports apparel market.

However, shift in trend toward sportswear and availability of low quality and counterfeit products restrict the growth of the outdoor sports apparel market size. On contrary, the rise in demand for trendy and fashionable sports apparel leads to the launch of new products to cater to the demand for the customers. The increase in demand for trendy fitness apparel by the middle-aged individuals segment has increased in the past few years, which is anticipated to provide growth opportunities for the outdoor sports apparel market.

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Key Findings of the Outdoor Sports Apparel Market:
Based on mode of sale, the discount stores segment accounted for around 28% of the outdoor sports apparel market share in 2017, growing at a CAGR of 3.7% from 2018 to 2025.
Based on mode of sale, the brand outlet segment accounted for around 22% market share, growing at a CAGR of 3.2% from 2018 to 2025.
Based on end user, the men segment accounted for 52% share of outdoor sports apparel market in 2017 and is expected to growth at the CAGR of 2.8%.
Based on end user, the women outdoor sports apparel segment occupied around 37% of the market share and is expected to grow at the highest CAGR of 5.5%.
Based on region, North America accounted for a prominent market share in 2017 and is anticipated to grow at a CAGR of 3.2% throughout the forecast period.
North America and Europe jointly accounted for about 60.9% share of the global outdoor sports apparel market in 2017, with the former constituting around 32.1% share. From outdoor sports apparel market growth perspective, Asia-Pacific and LAMEA are the two potential markets expected to grow at significant CAGRs of 6.1% and 4.6%, respectively, during the forecast period.

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Some of the key players analyzed in the outdoor sports apparel industry are The North Face, Patagonia Inc., Columbia Sportswear Company, Kathmandu Limited, Woolrich Inc., Nevisport Ltd., Cotswold Outdoor Ltd., Mountain Warehouse Ltd., Under Armour, Inc., and Snowgum.

The research provides answers to the following key questions:–

1️⃣ What is the estimated growth rate of the market for the forecast period 2018-2025?
2️⃣ What will be the market size during the estimated period?
3️⃣ What are the key driving forces responsible for shaping the fate of the Outdoor Sports Apparel Market during the forecast period?
4️⃣ Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Outdoor Sports Apparel Market?
5️⃣ What are the prominent market trends influencing the development of the Outdoor Sports Apparel Market across different regions?
6️⃣ What are the major threats and challenges likely to act as a barrier to the growth of the Outdoor Sports Apparel Market?
7️⃣ What are the major opportunities the market leaders can rely on to gain success and profitability?

Similar Report :-
Bra Cups Market
Ethnic Wear Market

Luxury Furniture Market Key Players International Investment Analysis and Business Overview – Global Forecast to 2031

quote The luxury furniture market is expected to witness significant growth, owing to increase in demand for housing real estate space and rise in customer demand for premium & luxury furniture. Moreover, increase in customer awareness for using eco-friendly luxury furniture is anticipated to provide lucrative opportunities for the stakeholders. Furthermore, increase in aggressive advertisements and promotions through social media platforms by manufacturers plays a crucial role in growth of the market”. quote

According to a new report published by Allied Market Research, titled, “Luxury Furniture Market,” The luxury furniture market size was valued at $23,771.90 million in 2020, and is estimated to reach $42,159.40 million by 2031, growing at a CAGR of 5.5% from 2022 to 2031. Growth in online mode of sale, rapid urbanization, and change in lifestyle, owing to increased disposable income of the consumers drive the luxury furniture market growth. In addition, development in Asia-Pacific and LAMEA is anticipated to create lucrative global luxury furniture market opportunities.

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Demand for wood furniture is the highest in the global market. The glass furniture segment is expected to witness the fastest growth through 2020, catalyzed by its growing demand in the corporate and hospitality sector. The plastic furniture segment would grow at the gradual pace during the forecast period due to environmental concerns associated with plastic degradation and its lack of aesthetic value compared to other materials. Leather furniture segment would grow at a considerable pace; however, the growth of this segment would be restricted due to its limited use in sofas and ottomans. Additionally, stringent government regulations on the import of leather largely restrain the market growth of this segment. Eco-friendly furniture and multifunctional furniture have gained popularity over the years. Growth in environmental awareness and space constraints in urban regions are key factors that drive the adoption of these furniture types in the global luxury furniture market. .

The domestic sector, evaluated at 67%, accounts for the largest share percentage in the global luxury furniture market. Furniture used in living rooms and bedrooms, hold the highest demand in the domestic sector. The commercial sector is a comparatively smaller market, which is primarily governed by the hospitality sector. Growth in the hospitality and tourism sector globally exhibits a dynamic market for luxury furniture. Large presence of upscale hotels, commercial infrastructures, and booming hospitality industry, arising from an increasing pace of foreign investments in the Middle East, account for the dynamic growth of the luxury furniture market.

The outbreak of the COVID-19 pandemic created several challenges for exporters in developing and developed countries. The challenges witnessed by exporters of luxury furniture products are likely to remain for the foreseeable future, as different states and governments across the globe attempt to tackle COVID-19 with various measures. However, implementation of lockdown and curfew practices globally affected domestic as well as international production of luxury furniture, which, in turn, hampered the growth of the overall market. Thus, the outbreak of COVID-19 negatively impacted the luxury furniture market in 2020, as sales of companies have reduced and operations have been halted.

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Rise in penetration of various online portals in developing regions and increase in number of offers & discounts attract consumers to purchase luxury furniture products through e-commerce channels. Moreover, e-commerce channels increases consumer reach, owing to which they have evolved as a key source of revenue for many companies. Furthermore, the e-commerce market is expected to expand in the future, owing to rapid growth in online and mobile user customer bases in emerging markets. Surge in e-commerce sales, improvements in logistics services, ease in payment options, and facility to enter in new international markets for major brands boost the growth of the luxury furniture market.

KEY FINDINGS OF THE STUDY

Depending on material, the luxury furniture market is categorized into metal, wood, plastic, glass, leather, and others. Wood segment constitute a major luxury furniture market share; however, the glass segment is projected to experience growth at the highest CAGR during the luxury furniture market forecast period.
According to end use, is classified into domestic use and commercial use. Domestic use segment constitute a major market share in luxury furniture market analysis; however, the commercial use segment is projected to experience growth at the highest CAGR during the forecast period.
As per distribution channel, it is divided into online and offline. Offline segment constitute a major market share, and is projected to maintain luxury furniture market trends during the forecast period. However, the online segment is projected to experience growth at the highest CAGR during the forecast period.
Region wise, Asia-Pacific accounted for highest market share in 2020, and is expected to grow at a significant CAGR during the forecast period.

Major companies have adopted agreement, product launch, expansion, and merger strategies to sustain the intense market competition. Key players profiled in the Luxury Furniture Industry include Duresta Upholstery Ltd., Muebles Pico, Valderamobili, Giovanni Visentin, Scavolini, Laura Ashley Holding Plc, Iola Furniture Ltd., Nella Vetrina, Henredon Furniture Industries Inc., and Turri S.r.l.

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Reason to Buy:

✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Luxury Furniture 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 Luxury Furniture 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.