A Market Place Research – Page 1468

Folding Furniture Market Size is Likely to Reach a Valuation of Around $13 Billion by 2022

The global folding furniture market is expected to generate $13 billion by 2022, growing at a CAGR of 6.8% from 2016 to 2022. Asia-Pacific constituted largest market share in terms of revenue in the overall foldable furniture market in 2015, followed by Europe. Growth in Asia-Pacific is supplemented by rapid urbanization and need for efficient use of the available space.

The demand for folding furniture is expected to remain high during the forecast period as it is an effective alternative for traditional furniture.These furniture apart from being multifunctional and space saving also enhance the decor of available space. For residential or commercial complexes, lacking space or requiring space for multitude of different uses, folding furniture offer the much needed solution.

The folding furniture market is expected to grow at a higher pace in Asia-Pacific and Europe, pertaining to smaller home sizes and rising rents. The folding furniture industry in Asia-Pacific would be driven by the growth in population and smaller living areas. As for the European region, space saving furniture designed by Europes finest interior designers is gaining popularity across the world which is also referred as Space Savors. For instance, Italian designed small coffee table that expands into dinner table and a beautiful wall that spins 180 then gracefully unfolds into a queen-sized bed with the help of hydraulic mechanism. These innovations within the folding furniture market are expected to drive the Europe folding furniture market during the forecast period.

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The folding furniture market is segmented based on product type, application, and distribution channel. Among its key product types such as chairs, tables, sofas, beds, and other furniture,sofa is the most popular product type as it enhances the decor of the living room and accounts for around 3/5th of the total folding furniture revenue. The market for foldable beds would grow at the highest CAGR during the forecast period, owing to adoption of coliving trend in the US, and innovative bed designs such as murphy beds, wall beds which would fetch the demand in near future.

In 2015, it was observed that demand for folding furniture application for residential purpose was higher as compared to commercial use. The same trend is expected to continue during the forecast period.

Additionally, folding furniture is sold through offline and online sales channels. In 2015, offline channels accounted for around 78% of the overall market, with the online segment anticipated to witness a higher CAGR from 2016 to 2022. The growth of the online sales made would be driven by its benefits of convenience, and services such as free delivery and installation of the furniture.

Key players profiled in this report are Lifetime Products Inc., Meco Corporation, Dorel Industries, Expand Furniture, Ashley Furniture Industries Inc., La-Z-Boy, Inc., Leggett & Platt, Resource Furniture, IKEA, Haworth International, Ltd., and Murphy Bed Direct.

Folding Furniture Market Key Findings:

• Asia-Pacific was the highest revenue-generating region in 2015
• In 2015, the sofas segment observed highest demand and is expected to continue to be the major revenue-generating segment throughout the forecast period.
• By application, residential segment is expected to continue to lead, in terms of revenue.
• Offline sales channels segment is projected to continue to be the major revenue-generating distribution channel throughout the forecast period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients 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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Diving Suits Market Will Surpass $623.7 Million by 2026, Registering At a CAGR of 5.2% – Report by Allied Market Research

According to a new report published by Allied Market Research, titled, “Diving Suits Market by Type, Price Range, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2019–2026,” the global diving suits market size was $419.2 million in 2018, and is projected to reach $623.7 million by 2026, registering a CAGR of 5.2% from 2019 to 2026.

The global travel and tourism industry have witnessed rapid surge in coastal tourism. Coastal tourism depends on a diverse resource mix at the fringe of land and ocean conditions—sun, water, shorelines, and others. Global surge in coastal tourism is attributed to changes in lifestyle, increase in coastal tourism promotion, and increase in accessibility of transport facilities. Continuous development in the coastal travel & tourism industry and integration of various segments such as hospitality & infrastructure with government initiatives accelerate the growth of the global coastal travel & tourism industry. Diving is one of the most preferred activity performed by coastal tourists. Surge in coastal tourism to create remunerative opportunities for the diving suits manufacturers in the estimated forecast.

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The diving suits industry have seen upswing in innovations in the last few years. Novel materials have been introduced to make suits much lighter and durable. In addition, new diving suit material helps in reduction of blood loss in case of shark bites. Shark bite resistant suit have been developed to reduce injuries and preventing death from shark bites. Moreover, surge in the number of shark bites along with increasing shark-human interactions have resulted in greater strides from engaged stakeholders to prevent injuries from shark bites.

Nevertheless, owing to technological advancement in fabrics has allowed the development of lightweight alternatives which are incorporated in diving suit providing grater mobility, better thermal insulations and protection from shark bites. Such innovations will continue to provide seamless consumer experience and will further augment diving suits market growth in the upcoming years.

The global diving suits market is segmented into type, price range, sales channel and region. Depending on type, the market is bifurcated into drysuit and wetsuit. The global diving suits market segment price range into economy, luxury and premium. Based on sales channel the global market is studied across offline channels and online channels. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA

Key Findings of the Study:

○ North America leads in terms of diving suits market share and is expected to retain its dominance during the forecast period.
○ U.S. was the highest contributor to the North America diving suits market, with $115.1 million in 2018. The country is expected to generate revenue of $151.7 million towards the end of forecast period
○ Based on type, the wetsuit segment dominated in terms of market share in 2018, however, the drysuit segment is expected to gain high market share in the upcoming years.
○ Based on the price range, the luxury segment accounted for about one-third share of the diving suits market in 2018,and is poised to grow at the highest CAGR during the forecast period.
○ The online sales channel segment is anticipated to gain high market share in the upcoming years and is estimated to grow at a CAGR of 7.1% during the forecast period.
○ Based on region, Asia-Pacific is anticipated to grow with robust CAGR of 6.2% during the forecast period.

Some of the key players in the diving suits market analysis include Aqua Lung International, Johnson Outdoors Inc., Mares S.p.A, Beuchat, Dive Rite, Cressi Sub s.p.a, H2Odyssey, Aquatec, Duton Industry Co., Ltd, SHEICO Group, Diving Unlimited International (DUI).

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Athletic Footwear Market Size is Projected to Rise $165.0 Billion by 2030, Growing At a CAGR of 4.2% | Allied Market Research

According to a new report published by Allied Market Research, titled, “athletic footwear market by type, end user, and distribution channel: global opportunity analysis and industry forecast, 2021–2030,”the global athletic footwear market was valued at $109.7 billion in 2020, and is projected to reach $165.0 billion by 2030, growing at a CAGR of 4.2% from 2021 to 2030. The running & walking shoes segment dominated the market in 2020, in terms of revenue.

Changing paradigm of educational system supports growth of the sports industry and industries dependent on it. In addition, rise in sports education and sports training in academics has significantly increased awareness toward sports and fitness. Thus, many schools/educational institutes offer training to students, providing them an opportunity to compete in various sports competitions. In addition, busy and hectic lifestyle, coupled with growing instances of consumers choosing outdoor activities such as adventure sports to unwind or break monotony of their daily life boosts the athletic footwear market growth. Furthermore, initiatives taken by various governments in countries such asIndia, and Australia to promote sports, health, and fitness have led to increased consciousness about sports and sports-related products such as sport shoes, running &walking shoes, and tracksuits, which, in turn, drives growth of the market.

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Polyester, rubber, EVA foam, cotton, synthetic leather, and leather are the six main raw materialsused for manufacturing athletic footwear. There has been a continuous rise in prices of these raw materials in past few years. The prices of raw materials directly affect production cost of the products, thereby leading to increase in the market price of the finished product. This acts as a restraint for the athletic footwear industry.

The athletic footwear market is segmented on the basis of type, end user, distribution channel, and region. By type, it is categorized into sports shoes, running & walking shoes, hiking & backpacking shoes, and aerobic & gym wear shoes. By end user, it is segmented into men, women, and kids. Region wise it is classified into North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the athletic footwear market have adopted product launch, business expansion, and merger & acquisition as its key strategies to expand their market share, increase profitability, and remain competitive in the market. Leading players analyzed in the athletic footwear market analysis includes-Asics Corporation, Adidas AG, Puma, VF Corporation, Nike, Inc., FILA Korea, Ltd., New Balance, Inc., SKECHERS, Inc., K-Swiss, Inc., and Wolverine World Wide, Inc.

Key findings of the study:

Asia-Pacific is a lucrative market, in terms of growth, on account of increasing disposable income, rising health awareness, and increasing demand for fashionable athletic footwear.
The men segment is the highest revenue-generating segment in the global athletic footwear market, followed by the women segment.
The soccer shoes segment is expected to be the fastest growing segment ofathletic footwear market, followed by basketball shoes segment.
The hypermarkets/super markets segment is the dominating distribution channel worldwide in athletic footwear market.

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Foam Plastics Industry expected to reach USD 123.7 billion, Expand at a CAGR of 3.3% Forecast by 2027

The global foam plastics industry generated $102.0 billion in 2019, and is projected to reach $123.7 billion by 2027, growing at a CAGR of 3.3% from 2020 to 2027. Allied Market Research recently published a report, titled, “Foam Plastics Market by Type (Polyurethane, Polystyrene, Polyolefin, Phenolic, and Others) and Application (Building & Construction; Packaging; Automotive; Furniture & Bedding; Footwear, Sports, & Recreational; and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027”.

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Drivers, restraints, and opportunities

Rise in demand for polyurethane foam in building insulation for energy conservation, consumption of polystyrene foam in construction, and comfort provided by polyurethane foam drive the growth of the global foam plastics market. However, stringent environmental regulations regarding use of flexible polyurethane foam hamper the growth of the market. On the contrary, production of bio-based polyols is expected to open new opportunities for the market players in the coming years.

Key market players

Alchemie Ltd.
BASF SE
Covestro
Hexion Inc.
Huntsman International LLC
Repsol
Sabic
the Dow Chemical Company
Total S.A.
Wanhua Chemical Group Co., Ltd.

Covid-19 scenario:

Building & construction, furniture & bedding, automotive, and packaging are the prime end users of foam plastics. However, the lockdown across various countries have negatively affected the growth rate of these sectors, which in turn, affected the demand for foam plastics.
The Covid-19 outbreak led to a decline in the economy due to halt of several industries, especially the supply chain and transport. This affected the demand for the product.
The disrupted supply chain, gap in demand-supply, and lack of raw materials have negatively affected the demand for foam plastics.
However, the production of foam plastics is estimated to rise steadily post-pandemic as the demand for protective packaging solutions has increased across several industries.
Manufacturers now aim to resume work in few countries including Canada, China, and India and are planning to rebound from the losses.

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The polyurethane segment held the largest share

By type, the polyurethane segment held the lion’s share in 2019, accounting for more than one-fourth of the global foam plastics market. This is due to its key features such as lightweight enhanced cushioning and sealing, improved thermal insulation, environmental benefits including recyclability, reduction in wastage, and higher sustainability. However, the polyolefin segment to manifest the highest CAGR of 3.9% from 2020 to 2027, due to rise in use in various passenger car cushions, armrests, gasket seals, headrest, and cushioned instruments panels to create lightweight, durable, and fuel-efficient structure along with the scope of the broad application.

The automotive segment to manifest the highest CAGR through 2027

By application, the automotive segment is estimated to register the highest CAGR of 4.0% from 2020 to 2027, due to increase in economy and rise in expenditure on commercial and luxury vehicles in emerging economies such as China, India, and Brazil. However, the building & construction segment dominated the market in 2019, contributing to more than one-third of the global foam plastics market, owing to growing construction spending, particularly in the emerging markets of Latin America and Asia-Pacific.

North America to register the highest CAGR by 2027

By region, the market across North America is estimated to manifest the highest CAGR of 4.2% during the forecast period, due to expansion of the residential construction sector across the U.S., Canada, and Mexico. However, the global foam plastics market across Asia-Pacific held the largest share in 2019, accounting for nearly half of the total revenue of the market. This is due to diverse end-user industries present in the region and growth in the industrial sector in the region.

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

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Graphene Composite Industry Analysis Shows Sky Rocketing Growth in Revenue with CAGR 37.5% by 2027

The global graphene composites industry was pegged at $13.1 million in 2019, and is projected to reach $109.4 million by 2027, growing at a CAGR of 37.5% from 2020 to 2027. Allied Market Research recently published a report, titled, “Graphene Composites Market by Product Type (Polymer Based, Metal Based, Ceramic Based, and Others), and Application (Sports & Wearable Goods, Aerospace & Defense, Automotive, Building & Construction, Energy Storage & Generation, and Others): Global Opportunity Analysis and Industry Forecast 2020-2027”.

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Drivers, restraints, and opportunities

Rise in demand for lightweight materials and increase in R&D expenditure by developed and developing countries have boosted the growth of the global graphene composites market. however, high cost of graphene-enhanced composites hinders the market growth. On the contrary, surge in graphene producers is expected to open lucrative opportunities for the market players in the future.

Major Market Players

Ad-Nano Technologies Pvt. Ltd. (Ad-Nano Technologies)
G6 Materials Corp (G6 materials)
Haydale Graphene Industries plc. (Haydale Graphene)
Graphene Composites (GC)
Graphene One LLC.
Graphenano Group (Graphenano)
XG Sciences
NanoXplore Inc.
Graphmatech AB (Graphmatech)
Gnanomat

Covid-19 scenario:

The COVID-19 pandemic negatively affected the automobile and construction industries, which in turn, hindered the demand for graphene composites.
The pandemic impacted the chemical industry and hampered the supply chain to a greater extent, which affected the raw material procurement.
As majority of the event cancelled due to Covid-19 pandemic, the demand for graphene composites has decreased.

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The polymer-based segment dominated the market

By product type, the polymer-based segment held the largest share in 2019, accounting for nearly half of the global graphene composites market, due to its adoption in numerous applications such as automotive, aerospace, and energy storage & generation. However, the ceramic-based segment is projected to register the highest CAGR of 38.8% during the forecast period, owing to its superior mechanical strength, high conductivity, and thermal resistance.

The automotive segment held the largest share

By application, the automotive segment dominated in 2019, contributing to nearly one-third of the global graphene composites market, due to high demand for lightweight vehicles, which consequently, surges the demand for graphene composites. However, the aerospace & defense segment is anticipated to register the highest CAGR of 38.3% during the forecast period, owing to increased contribution of developing regions such as APAC and LAMEA in the aerospace and defense sector.

Asia-Pacific, followed by North America, held the lion’s share

By region, the global graphene composites market across Asia-Pacific, followed by North America, held the largest share in 2019, accounting for nearly two-fifths of the market. The region is expected to showcase the highest CAGR of 38.1% during the forecast period, owing to rise in consumer bases such as automotive, aerospace, and construction industry.

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Carbon Black in Lead-Acid Battery Market To Gain a Massive CAGR of 4.6%, Forecast to 2027

According to the report published by Allied Market Research, the carbon black in lead-acid battery marketwas estimated at $417.1 million in 2019 and is expected to hit at $591.4 million by 2027, registering a CAGR of 4.6% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Cost-efficient energy storage solution and recyclability associated with lead-acid batteries over lithium-ion batteries fuel the growth of the global carbon black in lead-acid battery market. On the other hand, emerging as well as existing alternatives available in the market restrain the growth to some extent. Nevertheless, rise in need to expand data centers is anticipated to pave the way for an array of opportunities in the future.

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The key market players analyzed in the global Carbon Black in Lead-Acid Battery market report include Orion Engineered Carbons S.A., Cabot Corporation, Superior Graphite, SGL Carbon SE, Aditya Birla Group, Israzion Ltd., Denka Company Limited, Shandong Jinkeli Power Sources Technology Co., Ltd, Imerys, and Continental Carbon Company. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

Covid-19 scenario-

The outbreak of COVID-19 gave way to distorted production of UPS system and automobiles. This, in turn, led to dwindled demand for carbon black from the battery manufacturers.
The second wave of the virus has now hit the world and many countries have again entered the lockdown phase. Accordingly, the global carbon black in lead-acid battery market has been badly affected.

The global carbon black in lead-acid battery market is analyzed across battery type, grade, and region. By battery-type, the flooded lead acid battery segment held more than four-fifths of the total market share in 2019 and is expected to rule the roost by 2027. Simultaneously, the valve regulated lead acid (VRLA) battery segment would grow at the fastest CAGR of 5.9% during the forecast period.

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Based on grade, the specialty segment contributed to more than four-fifths of the total market revenue in 2019, and is projected to lead the trail by the end of 2027. The same segment would also cite the fastest CAGR of 4.8% from 2020 to 2027.

Based on region, Asia-Pacific generated the highest share in 2019, garnering nearly two-fifths of the global carbon black in lead-acid battery market. The same region would also exhibit the fastest CAGR of 5.0% from 2020 to 2027. The other provinces discussed in the report include North America, Europe, and LAMEA.

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Wind Tower Market Will Hit Big Revenues In Future | Suzlon Energy Ltd, ENERCON, CS Wind and more

Global Wind Tower Market By Type (Tubular Steel, Lattice, Concrete, Hybrid and Guyed Pole Towers) By Application (Onshore and Offshore):Global Opportunity Analysis and Industry Forecast, 2022-2030

The market witnessed significant growth opportunities globally, owing to increase in the demand for wind towers on onshore wind farms. Henceforth, boom in onshore energy sector is expected to lead the market growth. Strong government support and initiatives for wind energy enhancement in several countries around the world majorly drive the growth in the wind tower market. Governments of both the developed and the developing nations are strongly promoting wind energy as an alternative to conventional energy sources and hence positively influencing the market for wind towers. Moreover, depletion of fossil fuels and increase in demand for sustainable energy sources is expected to pose lucrative opportunity for market growth. However, the high maintenance and replacement costs of wind turbines is expected to restrain the market growth.

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This report projects the trends and opportunities of the global wind tower market. It includes a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict the market behavior during the forecast period.

The global wind tower market is segmented based on type, application, and geography. On the basis of type, it is divided into tubular steel, lattice, concrete, hybrid, and guyed pole towers. On the basis of application, it is classified into off-shore and on-shore. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key market players in this sector includes Suzlon Energy Limited, ENERCON GmbH, CS Wind Corporation, General Electric, Siemens AG, Trinity Structural Towers, Inc., Vestas Wind Systems A/S, Shanghai Taisheng Wind Power Equipment Co. Ltd., WINDAR Renovables, and KGW Schweriner Maschinen-und Anlagenbau GmbH.

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Key Benefits:

This report provides a quantitative analysis of the current trends, estimations, and dynamics through 2017-2023, which assists to identify the prevailing market opportunities.
Major countries in each region are studied to evaluate trends and opportunities of the global market.
The region-wise and country-wise market conditions are comprehensively analyzed in the report.

Key players of the wind tower market are also listed.
This study evaluates value chain to understand the competitive environment across geographies.

In-depth analysis of segmentation is provided to elucidate the dominant opp

HDPE Pipes Market Rising Trends, Demands and Business Outlook 2018 – 2025

Allied Market Research recently published a report titled, “HDPE Pipes Market By Type (PE 63, PE 80, PE 100) By Application (Oil & Gas Pipe, Agricultural Irrigation Pipe, Water Supply Pipe, Sewage System Pipe, Others)Global Opportunity Analysis and Industry Forecast, 2018 – 2025”. According to the report, the recent technological advancements and launch of new products have a significant influence on the growth. The report includes a detailed analysis of the market trends, major driving factors, prime market players, and top investment pockets. It is vital for new market entrants, stakeholders, and shareholders to make informed decisions about their investments. The report includes a comprehensive analysis of market dynamics such as drivers, restraints, and opportunities.

The global HDPE pipes market was valued at $17,907 million in 2017 and is projected to reach $26,518 million by 2025, growing at a CAGR of 5% from 2018 to 2025.

The HDPE Pipes Market report includes an analysis of the top 10 market players that are active in the market. The study includes sales, revenue analysis, and production of these companies. The prime market players are The China, Japan, and South Korea JM EAGLE, INC, WL Plastics, Lane Enterprises, Inc, Prinsco, Inc, POLY PLASTIC Group, Mexichem S.A.B. De C.V, United Poly Systems, RADIUS System, BLUE DIAMOND INDUSTRIES, LLC these market players have adopted several business strategies such as mergers & acquisitions, new product launches, partnerships, and collaborations to maintain their foothold in the market.

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The report includes an overview of the market along with a SWOT analysis of key market players and Porter’s Five analysis to understand their market presence. Moreover, the report offers financial analysis, portfolio analysis, and business overview of the companies which helps stakeholders understand the long-term profitability of the industry. The report includes the latest market developments such as new product launches, partnerships, expansions, and mergers & acquisitions.

The HDPE Pipes Market study offers detailed research on driers, restraints, challenges, and opportunities in the market. In-depth knowledge about key drivers of the market helps in understanding market dynamics and how they can affect market growth. The restrains and challenges are offered in the report and are instrumental for market investments. Moreover, technological advancements and increased demand are anticipated to create new opportunities in the market. The market is anticipated to significant growth during the forecast period.

The report covers the qualitative and quantitative study of historic and forecast periods along with insights on recent market developments and business strategies. The report offers a detailed summary, ongoing market trends, and future estimations to help new market entrants formulate profitable business strategies.

Apart from this, the report includes several tools that establish market growth. The SWOT analysis offers a detailed understanding of the key determinants of market growth, which is essential for recognizing the upcoming opportunities in the market. Moreover, the market report includes Pestle analysis that offers industry-related data and information in tabular format. This information is essential to understand positive and negative attributes that can affect the global HDPE Pipes market. In addition, the report includes Porter’s five analyses to focus on those factors that may benefit the company in the long run.

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The global HDPE Pipes Market report outlines the upstream raw materials, marketing channels, downstream customer surveys, and industry development trends to provide detailed information about major manufacturing equipment suppliers, major distributors, raw materials suppliers, and major customers.

The HDPE Pipes industry 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, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). These insights aid to devise business strategies and how to react to new lucrative opportunities.

The HDPE Pipes Market report provides in-depth information on the segmentation of the market. The report includes a thorough analysis of sales, revenue, growth rate, and market shares of each segment during both the historic period and forecast period. To understand the segmentation, the report offers charts and tables as well.

The Covid-19 pandemic had an unprecedented impact on the growth of the global HDPE Pipesmarket. The country-wide lockdown in Europe and Asia and ban on international travel have disrupted the supply chain and revenue chain. The report offers a detailed analysis of the Covid-19 pandemic and its effect on the growth of the global HDPE Pipes market.

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

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Sleeping Mattress Market Size is Rise Across the Globe and Witness Huge Growth by Key Players to 2027

According to a new report published by Allied Market Research, titled, “Sleeping mattress Market segment includes Product Type, Sales Channel, and End User: Opportunity Analysis and Industry Forecast, 2021–2027, report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

The sleeping mattress market size was valued at $33.2 billion in 2019, and is estimated to reach $39.9 billion by 2027, registering a CAGR of 5.2% from 2021 to 2027.

Rapid urbanization and expansion of the hospitality industry, rise in prevalence of back and posture-related concerns, and ongoing innovations drive the growth of the global sleeping mattress market. North America accounted for the highest share in 2019, and is estimated to maintain its dominant share by 2027. Owing to lockdown restrictions, manufacturing activities have been hindered, raw material supply hindered, and the entire supply chain disrupted.

Sleeping mattress is defined as a large as well as rectangular pad for supporting a lying person. In addition, it is designed to be used as a bed or on a bed frame as part of a bed. Moreover, sleeping mattresses may consist of a quilted or similarly fastened case, usually of heavy cloth, containing materials such as hair, straw, cotton, foam rubber, or a framework of metal springs and it may also be filled with air or water. Due to COVID-19 pandemic consumers are staying in their homes and urge for comfort. This has led to a change in market dynamics, leading to an increased demand for sleeping mattress. In addition, increasing urge for luxuries sleeping mattress among consumers is also linked with fascination for premium and customized sleeping mattress.

The COVID-19 pandemic has had a strong impact on the sleeping mattress market. However, with the presence of online shopping as well as doorstep delivery sleeping mattress market witnessed a pace in demand over the mid-months of 2020. In addition, barriers to movements of goods have forced the market to depend on domestic production and local manufacturing.

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Also, many consumers seek comfort ability in their homes. Owing to this, the demand for sleeping mattress surged, keeping the market afloat during the year-long pandemic period. It is also seen that branded mattress have gathered more fan base on social media websites, but the impact of counterfeit products still prevailed largely, as consumers seek low price, better design, and suitable durability from such mattress.

Rise in complications of poor posture include back pain, spinal dysfunction, joint degeneration, rounded shoulders and a potbelly. Furthermore, over the time, poor posture demands support from fibres causes the deeper supporting muscles to waste away from lack of use. In addition, weak as well as unused muscles tend to tighten and this shortening of muscle length can compact the bones of the spine (vertebrae) and worsen posture creating lot of opportunities for sleeping mattress manufacturers. Moreover, manufacturers in this market can develop convenient as well as luxuries mattress for consumers.

Key Market Players Profiled In The Report:

○ Kurl-On Ltd.
○ Leggett & Platt
○ Paramount Beds Co. Ltd.
○ Saatva
○ Serta Simmons
○ Silentnight Groups
○ Sleep Number Corporation
○ Tempur Sealy
○ Spring Air
○ Kingsdown.

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Key findings of the study:

○ On the basis of end user, the residential dominated the sleeping mattress market in 2019, and is projected to exhibit a CAGR of 5.1%.
○ By product type, the hybrid segment led in terms of the sleeping mattress market share in 2019, and is estimated to grow at a CAGR of 7.1% during the forecast period.
○ Depending on distribution channel, the offline segment is expected to garner the largest market share in the coming years.
○ Asia-Pacific was the leading region in 2019, and is expected to retain its dominance during the forecast period.

Key Benefits For Stakeholders

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

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Global Leather Chemicals Market Size, Share, Trend, Chemicals Type, End User: Global Opportunity Analysis and Industry Forecast, 2020–2027

Allied Market Research recently published a report, titled, “Leather Chemicals Market by Chemicals Type (Tanning & Dyeing Chemicals, Beam House Chemicals, and Finishing Chemicals) and End User (Footwear, Furniture, Automotive, Textile & Fashion, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027″. As per the report, the global leather chemicals industry was pegged at $7.5 billion in 2019, and is estimated to hit $11.0 billion by 2027, registering a CAGR of 6.4% from 2020 to 2027.

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Rise in use of leather chemicals in end-user industries and benefits of chrome-tanned leather have boosted the growth of the global leather chemicals market. However, harmful impact on the environment of leather chemicals hinders the market growth. On the contrary, advancements in the tanning industry to reduce the production of chromium content in wastewater would open new opportunities for the market players in the coming years.

By end user, the automotive segment is projected to register the highest CAGR of 6.9% during the forecast period, owing to utilization of eco-friendly leather chemicals for finishing of automotive leather. However, the footwear segment held the lion’s share in 2019, accounting for more than two-fifths of the global leather chemicals market, due to rise in population and consumer demand for leather footwear.

By type, the tanning and dyeing chemicals segment dominated the global leather chemicals market in 2019, contributing to more than two-fifths of the market. This is due to its structural difference and ability to enhance the touch of leather and complementing the growth of tanning and dyeing chemicals. However, the beam house chemicals segment is estimated to manifest the highest CAGR of 6.8% from 2020 to 2027, owing to its properties such as high soaking power, improved skin cleaning capability, application of lower amount of sulfides, and others.

By region, the market across Asia-Pacific, followed by Europe and North America, held the largest share in 2019, contributing to nearly half of the market, owing to rising demand for leather footwear and presence of large number of tanneries. However, the global leather chemicals market across Europe is projected to portray the highest CAGR of 7.0% during the forecast period, due to various business models set up by key players such as entering into international business alliances and formation of boutique units that help to enhance creativity and quality leather products.

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Covid-19 scenario:

The pandemic severely affected the global GDP, which drastically changed consumer spending patterns.
Governments of various countries have imposed travel restriction to curb the spread of coronavirus, which affected the supply of raw materials for the manufacturing of leather chemicals. Moreover, the lack of labor, disruption of the supply chain, and delayed shipment negatively affected the production of leather.
Since the Covid-19 pandemic, export of leather has reduced and the use of leather chemicals for production has decreased.
By type, the tanning and dyeing chemicals segment dominated the global leather chemicals market in 2019, contributing to more than two-fifths of the market. This is due to its structural difference and ability to enhance the touch of leather and complementing the growth of tanning and dyeing chemicals. However, the beam house chemicals segment is estimated to manifest the highest CAGR of 6.8% from 2020 to 2027, owing to its properties such as high soaking power, improved skin cleaning capability, application of lower amount of sulfides, and others.

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