A Market Place Research – Page 1489

Taxi Market Key Players – Bolt Technology OU, Careem, Curb Mobility, Dubai Taxi Corporation

According to a recent report published by Allied Market Research, titled, “Taxi Market by Booking Type, Service Type, and Vehicle Type: Opportunity Analysis and Industry Forecast, 2020–2027,” the global taxi market was valued at $69.18 billion in 2019, and is projected to reach $120.89 billion by 2027, registering a CAGR of 12.3% from 2020 to 2027.

Asia-Pacific is the highest revenue contributor, followed by Europe, North America, and LAMEA. On the basis of forecast analysis, LAMEA is expected to maintain its lead during the forecast period, owing to the technological advancements, rise in preference amongst the people for ride-sharing services which is expected to reduce traffic congestion, and supportive government policies for taxi services.

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A taxi or a cab conveys passengers between locations of their choice. This differs from public transport, as here the pick-up and drop-off locations are decided by the customer provider, and not by the service provider. There are various distinct forms of taxi, which includes limousines, hackney carriages and private hire vehicles including passenger car, motorcycle, scooters, minivan, van, buses & coaches, auto rikshaw, bicycles, and tricycles.

A passenger can book or hail a taxi ride via a call & message, or by going directly to the service provider’s physical location and with the help of a smartphone application or website using internet, which is also known as e-hailing. Also, customer can hire a taxi for a decided route, which would be pre-defined by the passenger.

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By booking type, the market is categorized into online booking and offline booking. The offline booking segment accounted for the highest revenue in 2019, owing to the lack of smartphone penetration and technology friendly customers in smaller towns and cities as well as lack of internet connectivity and constraints in the data & connectivity infrastructure in several countries. However, the online booking segment is anticipated to witness highest CAGR of 12.8% during the forecast period, owing to increase in usage of internet and smartphones by the people across the world.

By service type, the taxi market is segregated into ride hailing and ride sharing. The ride haling segment accounted for the highest revenue in 2019. The growth of the segment is attributed to increase in cost of vehicle ownership, the need for reducing traffic for environmental concern, and government regulations promoting ride hailing options.

The factors such as rise in demand for ride-hailing and ride-sharing services, increase in demand from online taxi booking channels and surge in cost of vehicle ownership are anticipated to drive the market growth. However, improvement of public transportation and varying government regulations on taxi services in different countries across the world hinder the market growth. Further, development of robo-taxies and emergence of eco-friendly electric cab services are some of the factors that are anticipated to offer lucrative opportunities for market growth during the forecast period.

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Covid-19 Scenario Analysis

Social distancing norms and regulations implemented by government and healthcare authorities has restricted the usage of taxi services for daily commute.
Users prefer to travel in their own vehicles due to health and safety concerns, hampering the market size during pandemic.
The nature of the virus being active on surfaces for a long period of time as well as the fear of infection raised in the minds of people has compelled them to avoid traveling. Thus, the people are more likely to avoid traveling by taxies.
Many leading market players are changing their offerings such as groceries, meals, and medical supplies deliveries in the COVID -19 pandemic, which is expected to heal the growth of taxi market.
The increasing vehicle ownership cost and reducing trust in the ride-hailing services such as Ola, Uber, is expected to develop growth opportunities for bike sharing, carpooling and ridesharing services in post COVID situation.

Key Findings Of The Study

By booking type, the online booking segment is expected to register a significant growth during the forecast period.
By service type, the ride sharing segment is anticipated to exhibit significant growth in the future.
By vehicle type, the motorcycle segment is projected to lead the global taxi market, owing to higher CAGR as compared to commercial.
By region, LAMEA is anticipated to register the highest CAGR.

The key players operating in the taxi market are ANI Technologies Pvt. Ltd., Beijing Xiaoju Technology Co, Ltd., Bolt Technology OU, Careem, Curb Mobility, Dubai Taxi Corporation, FREE NOW, Gett, Gojek Tech, Grab, Lyft, Inc, Maxi Mobility Spain, S.L., Nihon Kotsu Co., Ltd., Uber Technologies Inc. and Yandex.

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Aircraft Lighting Market Worldwide Analysis By Financial Overview, Research Methodologies and Forecast To 2030

Allied Market Research published a report, titled, “Aircraft Lighting Market by Interior Lights (Emergency Lights, Specialty Lights, Wash Lights, Reading Lights, and Lavatory Lights), Exterior Lights (Aircraft Visibility Lights, Pilot Lights, and Specific Purpose Lights), Aircraft Application (Commercial, Business Jets, Military, and Helicopters), and Light Type (LEDs and Fluorescent): Global Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report, the global aircraft lighting industry garnered $1.4 billion in 2019, and is estimated to reach $2.0 billion by 2027, registering a CAGR of 4.7% from 2020 to 2027.

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Growing demand for aircrafts from the civil and military aviation sectors and surge in usage of LED lights in comparison with incandescent lights drive the global aircraft lighting market. However, higher cost of LED lights and growing backlog in the delivery of aircraft restrain the market growth. On the other hand, increase in demand for lightweight aircraft components creates new opportunities in the coming years.

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Covid-19 Scenario

Several major market players have halted the production of aircraft lighting amidst the lockdown.
During the coronavirus pandemic, the revenue generated from the commercial aircraft segment will decline significantly as airline companies across various countries had suspended their domestic and international services amid lockdown due to the Covid-19 pandemic.
Aircraft lighting is used inside an aircraft cabin to give aesthetic look to the cabin interiors. Amid lockdown, commercial aircraft manufacturing has been stopped across the globe, which is likely to decline market growth.

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Based on light type, the LED segment accounted for more than two-thirds of the global aircraft lighting market in 2019, and is expected to maintain its leadership status in terms of revenue throughout the forecast period. In addition, it is also estimated to portray the fastest CAGR of 5.0% from 2020 to 2027. This is attributed to applications of LED in different lighting systems in an aircraft.

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Based on aircraft application, the commercial segment contributed to the highest market share, accounting for more than two-fifths of the global aircraft lighting market share in 2019, and is estimated to maintain its leadership position during the forecast period. This is attributed to the growing demand for advanced commercial aircrafts in the airline industry. However, the business jets segment is estimated to generate the fastest CAGR of 5.2% from 2020 to 2027. This is attributed to growing demand for business jet due to its advantages such as the reduction in traveling time and cost-effectiveness.

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Similar Reports We Have:

Aircraft Lighting Systems Market: Global aircraft lighting systems market was valued at $1,579 million in 2016, and is projected to reach at $2,204 million by 2023, growing at a CAGR of 5.1% from 2017 to 2023.

Aircraft Cabin Lighting Market: The market was valued at $1,167.50 million in 2018, and is projected to reach $1,740.00 million by 2026, growing at a CAGR of 5.2% from 2019 to 2026.

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Zero-Emission Aircraft Market: Solar Source to Rise at 29.3% CAGR During 2030-2040

According to a recent report published by Allied Market Research, titled, “Zero-emission Aircraft Market by Source, Range, Application, and Type: Global Opportunity Analysis and Industry Forecast, 2030–2040,”

The global zero-emission aircraft market is expected to be valued at $29.24 billion in 2030, and reach $191.97 billion in 2040, registering a CAGR of 20.7%.

Europe is anticipated to dominate the market in 2030, in terms of revenue, followed by North America, Asia-Pacific, and LAMEA. UK is expected to dominate the global zero-emission aircraft market share in 2030, owing to increase in R&D activities, rise in incentives by government, and rapid development of zero-emission aircraft technologies in the country. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in investments to ensure minimal GHG emissions across various countries in the region.

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If aviation wants to play a role in lowering greenhouse gas emissions, it must find ways to decarbonize air travel. Experts working on several projects across the world are striving to produce hybrid, electric, and hydrogen solar planes, which would reduce aviation’s dependency on kerosene, the current fuel used by airlines. Attributed to numerous advantages promised by zero-emission aircraft technologies, several developments are being observed globally. EasyJet, Europe’s affordable airline, plans to operate battery-powered airplanes on some of its short-haul trips of 500 kms or less by 2030, in partnership with the Los Angeles-based start-up Wright Electric. Norway has pledged to fly all of its short-haul routes using electric planes by 2040. Norway’s Transport Minister examined the ALPHA Electro, a 2-seat electric aircraft built by the Slovenian company Pipistrel, in 2018. Eviation Aircraft, an Israeli start-up, is also developing a battery-electric plane known as Alice that will make use of Siemens’ high-power electric motors. It intends to serve the North America market, with journeys of up to 1,050 kms.

UK government proposed a $392.7 million R&D fund for electric planes and technology in 2018. Furthermore, by 2050, the EU’s Flight Path 2050 initiative targets a 75% reduction in carbon emissions per passenger km. Financial incentives are also being offered to airlines, with London Heathrow Airport offering free landing charges that worth around $1.19 million. Such developments are anticipated to boost the growth of the global zero-emission market during the forecast timeframe.

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By source, the market is categorized into hydrogen, electric, and solar. The hydrogen segment is expected to account for the highest revenue in 2030, owing to high viability of hydrogen as aviation fuel. Hydrogen is a clean source of energy that is abundant in nature and doesn’t release any harmful effluents into the environment.

By application, the zero-emission aircraft market is bifurcated into passenger aircraft and cargo aircraft. The passenger aircraft segment is expected to account for the highest revenue in 2030, owing to higher demand for passenger aircraft than cargo aircraft.

Increased air passenger traffic across the globe and reduced GHG emissions are expected to drive the zero-emission aircraft market during the forecast period. However, technological challenges associated with solar, electric, and hydrogen-powered aircraft and high costs associated with the production and handling of hydrogen are anticipated to hamper the growth of the market. Moreover, proactive government initiatives toward the development of zero-emission aircraft and advancements in zero-emission aircraft technologies are expected to offer lucrative opportunities in future.

Key Findings Of The Study

By source, the solar segment is expected to register significant growth during the forecast period.
By range, the medium-haul segment is anticipated to exhibit significant growth in future.
By application, the cargo aircraft segment is projected to lead the global zero-emission aircraft market, owing to higher CAGR as compared to the passenger aircraft segment.
By type, the turbofan system segment is projected to lead the global zero-emission aircraft market, owing to higher CAGR as compared to the passenger aircraft segment.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

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Key players operating in the global zero-emission aircraft market include AeroDelft, Airbus S.A.S., Bye Aerospace, Eviation Aircraft, HES Energy Systems, Joby Aviation, Lilium, Pipistrel d.o.o, Wright Electric, and ZeroAvia, Inc.

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Solar Vehicle Market Revenue Trends, Company Profiles, Revenue Share Analysis, 2022–2030

According to the report, the global solar vehicle market is expected to generate $329.5 million in 2023, and is estimated to generate $4.08 billion by 2030, registering a CAGR of 43.3% during the forecast period, 2023–2030. The report offers an extensive analysis of changing market trends, market size & estimations, key segments, top investment pockets, and competitive landscape.

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Rise in concerns regarding environment pollution and increase in demand related to energy-efficient solutions that can be used as alternative to fuels propel the growth of the global solar vehicle market. However, lowered operational frequency and expensive nature of integration of technology restrain the market growth. On the other hand, technological advancements and ongoing research initiatives in far-field wireless charging technologies offer new pathways in coming years.

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Based on vehicle type, the passenger vehicle segment is expected to contribute to nearly three-fifths of the total share of the market in 2023, and is estimated to maintain its lead position throughout the forecast period. This is due to the advent of electric and hybrid vehicles that have a self-charging concept. However, the commercial vehicle segment is expected to register the largest CAGR of 45.2% from 2023 to 2030.

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Based on battery type, the lithium ion segment is expected to hold the highest market share of the global solar vehicle market, accounting for more than half of the total share in 2023, and is projected to contribute its lead position by 2030. This is due to long-lasting capability of this type of batteries. However, the lead carbon segment is estimated to portray the highest CAGR of 45.7% from 2023 to 2030.

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Geographically, North America would account for the highest market share in terms of revenue, generating more than two-fifths of the global market in 2023, and is expected to maintain its dominance during the forecast period. This is attributed to R&D activities and increase in investments by manufacturers for developing and offering emission free vehicles. However, Europe is estimated to witness the largest CAGR of 46.3% from 2023 to 2030, owing to supportive government regulations for using low emission vehicles and manufacturing of electric vehicles by European manufacturers.

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Similar Reports We Have on Automotive Industry:

Electric Vehicle Market by Type (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), and Plug-in Hybrid Electric Vehicles (PHEV)), Vehicle Class (Mid-Priced and Luxury), and Vehicle Type (Two-wheelers, Passenger Cars, and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2020–2027.

Low Speed Electric Vehicle Market by Vehicle Type (Passenger Vehicle, Heavy Duty Vehicle, Utility Vehicle, and Off-road vehicle) and End User (Golf Courses, Tourist Destinations, Hotels & Resorts, Airports, and Residential & Commercial Premises): Global Opportunity Analysis and Industry Forecast, 2018–2025.

Low Calorie Chocolate Market Worth Observing Growth of $2,115.2 Million by 2030 | CAGR 9.8%

The global low calorie chocolate market was estimated at $894.7 million in 2020 and is expected to hit $2.11 billion by 2030, registering a CAGR of 9.8% from 2021 to 2030. 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.

Growing popularity of low calorie food products and rising demand for healthy confectionery in the developed economies propel the growth of the global low calorie chocolate market. On the other hand, dynamic price fluctuations of cocoa beans and lack of awareness in the developing as well underdeveloped regions impede the growth to some extent. However, rising importance of organic food products is expected to create lucrative opportunities in the industry.

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COVID-19 scenario-

Several travel restrictions and lockdown measures implemented by most of the government bodies during the pandemic led to a significant decline in the impulse buying and on-the-go consumption of low calorie chocolate, thereby impacting the global low calorie chocolate market negatively.
However, as the global situation has started getting better, the market is projected to recoup soon.
The global low calorie chocolate market is analyzed across product, source, distribution channel, and region.

Based on product, the dark segment accounted for the major share in 2020, holding nearly half of the global market. The milk segment, on the other hand, would grow at the fastest CAGR of 10.5% throughout the forecast period.

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Based on source, the conventional segment generated the highest share in 2020, accounting for 90% of the global market. The organic segment, however, is projected to manifest the fastest CAGR of 11.4% from 2021 to 2030 .

Based on region, the market across Europe held the lion’s share in 2020, garnering nearly two-fifths of the global market. The market across Asia-Pacific, simultaneously, is expected to cite the fastest CAGR of 10.8% by the end of 2030.

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The key market players analyzed in the global low calorie chocolate market report include Kraft Foods, The Hershey Company, Barry-Callebaut AG, Blommer Chocolate Company, Lindt & Sprungli, Ferrero SpA, Nestle S.A., Dreyer, Mondelez International, Breyers, Ben & Jerry’s, Haagen Daaz. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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.

Asia-Pacific Skin Care Market Will Surpass $105,668.2 Million by 2030, Registering a CAGR of 5.4% from 2021 to 2030

According to a new report published by Allied Market Research, titled, “Asia-Pacific Skin Care Market by Product, Age Group, Demographic, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021–2030,” Asia-Pacific skin care products market was valued at $61,253.6 million in 2020, and is projected reach $105,668.2 million by 2030, registering a CAGR of 5.4% from 2021 to 2030.

Skin care products are witnessing an increased adoption in recent years, owing to rise in young demography, incremental disposable income, and increase in consciousness of personal well-being and desire to develop & maintain strong identity and self-image. In addition, surge in awareness among Asian consumers regarding physical appearance and rise in demand for personalized products & services have boosted the growth of the Asia-Pacific skin care products market.

Moreover, various multinational brands such as L’oréal S.A. and Beiersdorf AG have entered into countries such as the Philippines, Indonesia, Malaysia, and India, and are focusing on increasing their customer base through their respective pricing strategies and by providing high-quality products to consumers. Upsurge in demand for herbal and natural skin care products is anticipated to boost the growth of the regional skin care products market in the upcoming years.

Moreover, support from government to cosmetic enterprises for local expansion is expected to boost the growth of the market during the forecast period. Furthermore, male skin care products are being increasingly adopted among urban men in the region, which, in turn, will lead to improved social and work life, thus driving the market growth.

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This section provides the opinion of the top-level CXOs in the Asia-Pacific skin care products market. According to the insights of CXOs, natural and organic skin care products are performing decently in AsiaPacific skin care products market.

Expansion of the retail industry, emergence of modern trades, rise in popularity of westernization culture in shopping, and steady increase in income level of the consumers in Asia-Pacific are some of the key factors that boost the FMCG market in Asia-Pacific. Thus, other developing countries such as Philippines, Cambodia, and Indonesia are expanding their FMCG markets, which is expected to support the growth of overall Asia-Pacific skin care products market.

“Despite an overall general slowdown predicted for skin care market’s value sales in 2020 in response to COVID-19 due to weaker demand for larger categories such as moisturizers and treatments, including mass anti-agers, a number of skin care products are set to experience marginally higher demand.“

Owing to the home seclusion and preventative health trends during the pandemic, consumers were spending on essential products on priority. due to the closure of beauty salons as non-essential businesses, encouraging consumers to turn to at-home beauty treatments instead, a trend which will positively impact the demand for skin care products.

Key findings of the study

By product type, the face care segment led the market in terms of share in 2020, however, the body care segment is expected to grow with a decent CAGR during the forecast period.
On the basis of age group, the generation X segmented dominated the market in Asia-Pacific, however, the generation Z segment is expected to have the highest CAGR growth during the forecast period.
Depending on demographic, the female segment recorded the highest growth in Asia-Pacific in 2020.
As per distribution channel, the supermarkets/hypermarkets were the major revenue generator in 2020.

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Chlorpyrifos Market Business Growth, Development Factors, Applications, and Future Prospects

Allied Market Research published a new report, titled, “Global Chlorpyrifos Market – Opportunity Analysis and Industry Forecast, 2020-2027, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

The report offers key drivers that propel the growth in the global chlorpyrifos market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.

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The research offers a detailed segmentation of the global chlorpyrifos market. Key segments analyzed in the research include on its form, application, and geography. Extensive analysis of sales, revenue, growth rate, and market share of each on its form, application, and geography for the historic period and the forecast period is offered with the help of tables.

The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include 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 devise strategies and create new opportunities to achieve exceptional results.

The research offers an extensive analysis of key players active in the global chlorpyrifos industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include Dow Chemical Company, Dow AgroSciences LLC, Hubei Xiantao Xianlong Chemical Industry Co. Ltd., Cheminova A/S, Gharda Chemicals Ltd. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.

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Key Benefits:

The report provides a qualitative and quantitative analysis of the current chlorpyrifos market trends, forecasts, and market size from 2019 to 2026 to determine new opportunities.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
Top impacting factors & major investment pockets are highlighted in the research.
The major countries in each region are analyzed and their revenue contribution is mentioned.
The market player positioning segment provides an understanding of the current position of the market players active in the chlorpyrifos industry.

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Key offerings of the report:

Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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India Costume Jewelry Market Size is Likely to Reach a Valuation of Around $2,126.3 Million by 2027

According to a new report published by Allied Market Research, titled, India Costume Jewelry Market by Type, Gender, and Mode of Sale: Global Opportunity Analysis and Industry Forecast 2019-2027. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

“India Costume Jewelry Market by Product Type, Gender and Mode of Sale: Global Opportunity Analysis and Industry Forecast, 2019–2027,” the India costume jewelry market size is expected to reach $2,126.3 million by 2027 at a CAGR of 7.0% from 2019 to 2027.

Costume jewelry is made of a variety of materials, including metal, plastic, and glass. To create appealing pieces of jewelry, intricate designs and patterns made of these materials are decorated with beads, precious stones, and semi-precious stones. Consumers have a large selection of costume jewelry to choose from, including bangles, neckpieces, earrings, and finger rings. Costume jewelry cannot be distinguished from genuine jewelry and appears to be gold, silver, or rose gold. It is made of materials that are easily cracked, so it does not have a long shelf life. Fashion jewelry is less expensive and more appealing, which is why costume jewelry is gaining popularity with customers.

The India Costume Jewelry Market has grown significantly over the years and is expected to grow at a steady rate during the forecasted period. This is due to a lot of factors, including a change in lifestyle, an increase in the price of precious metal jewelry, an increase in fashion consciousness, and a change in packaging styles and attractive marketing strategies.

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Moreover, the rise in interest in costume jewelry among both female and male consumers as a result of celebrity endorsement has paved the way for costume jewelry. Furthermore, rising disposable income and living standards in emerging markets such as India, as well as a growing consumer preference for fashion accessories, drive up demand for costume jewelry. However, the availability of low-quality and counterfeit products, as well as price fluctuations in the raw materials used to make these jewelries, limit market growth.

By product type, the earrings segment was the highest revenue contributor in 2019. The reason for this is that the availability of lightweight earrings in a various designs and colors that can be worn with a variety of outfits creates market growth opportunities. By gender, the female segment held the largest market share due to increase in spending power, aided by the working female population. Depending on the mode of sale, the retail sale segment led the market, because retail sales channels provide value-added services such as customer care.

Over the forecast period, market demand will be driven by fluctuating gold prices and a surge in the prices of diamonds and other precious metals. Increased awareness of new fashion trends and acceptance of new and changing lifestyles, as well as an increase in people’s per capita income, will drive business growth in the coming years. Furthermore, the market will benefit from easy access to colored stone jewelry at lower costs and with some less maintenance fees in the near future. Individuals of all socioeconomic backgrounds, including those from low-income families, spend a significant amount of money on affordable costume jewelry to imitate characters from popular TV shows.

COVID-19 disease began to spread around the world in early 2021, infecting millions of people, and major countries worldwide enacted foot prohibitions and work stoppage orders. So apart from medical supplies and life support products, most industries have been severely impacted, including the costume jewelry industry. The costume jewelry market in India has declined significantly as economic growth has slowed, but it had been growing at a relatively optimistic rate in the four years preceding COVID-19.

Product launches, mergers & acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the market. The key players in the India costume jewelry market include Avon Products Inc., Voylla, Zaveri Pearls, Pipa Bella, Sukkhi Fashion Jewelry, Romoch, Tanishq, Swarovski Group, Tribe Amrapali, Isharya, Yellow Chimes, Kushal’s, Youbella, SIA, Peora, and Pooja Jewels.

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Key findings of the study:

○ By mode of sale, the retail sale segment is anticipated to be the highest contributor to the India costume jewelry market with $981.0 million in 2019, and is estimated to reach $1,210.5 million, growing at a CAGR of 7.5% from 2019 to 2027.
○ By product type, the earrings segment is anticipated to be the highest contributor to the India costume jewelry market with $413.9 million in 2019, and is estimated to reach $530.9 million, growing at a CAGR of 8.0% from 2019 to 2027.
○ By gender, the female segment is anticipated to be the highest contributor to the India costume jewelry market with $1,220.2 million in 2019, and is estimated to reach $1,487.8 million by 2027 growing at a CAGR of 7.3% from 2019 to 2027.

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Japan Household Appliance Market to Record Robust Compound Annual Growth Rate During 2018-2025

Allied Market Research published a new report, titled, Japan Household Appliance Market by Product and Distribution Channel: Opportunity Analysis and Industry Forecast, 2018-2025. The Japan household appliance market was valued at $20,279.9 million in 2017, and is expected to reach $27,979.0 million by 2025, growing at a CAGR of 4.0% from 2018 to 2025. Increase in per capita income, rapid urbanization, and growth of the housing sector have boosted the growth of the Japan household appliance market. The specialty store real segment dominated the market in 2018, contributing more than two-fifths of the market. On the other hand, e-commerce company segment is expected to register the fastest CAGR of 4.9% during the forecast period.

The Japan household appliance market is segmented based on product and distribution channel. Depending on product, the Japan household appliance market is classified into refrigerator, air conditioner & heater, entertainment & information appliances, washing machine, dish washer, wall oven, microwave, cooking appliances, coffee machine, blender, juicer, canister, deep cleaners, other vacuum cleaners, steam mop, and other appliances. Base on distribution channel, the market is divided into supermarket, specialty store, manufacturer store, e-commerce company and others.

Manufacturers in the household appliances market are continuously developing products with enhanced functionality and features to remain competitive. Despite developing products with higher added value, the prices for the products have collapsed and thus, remained stagnant at a low level for several years. The decrease in price was due to the pressure of competition from countries with low manufacturing costs. Manufacturers are also facing pressure related to margins owing to fierce competition in the Japan household appliance market. This price fall is forcing companies to develop innovative products. This decrease in price trend of household appliances is encouraging customers to purchase the products, which in turn can drive the Japan household appliance market. Reducing prices of household appliances has a positive impact on the Japan household appliance market growth.

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Entertainment & information appliances was the highest revenue generator of Japan household appliances market and is expected to witness a CAGR of 4.4% during the forecast period. The entertainment & information appliances manufacturing industry is highly dynamic in nature. Technological advancements and replacement play a vital role in the growth of the industry. Growth in penetration of Smart TVs facilitates the use of applications that were earlier developed for smartphones. The television is getting smarter with the addition of features such as web surfing, downloading videos, live streaming of games from websites, and downloading news and traffic updates. Although smart TVs presently comprise only a small portion of the overall sales, the adoption of these devices is on the rise with consumers recognizing the availability of the vast amount of web-based content.

In September 2018, OnePlus, the Chinese smartphones manufacturing company announced to expand its product line into the SmartTV industry and is expected to compete with other brands and its rival smartphone companies such as, Xiaomi, and Samsung. In October 2016, Bose launched new wireless sound bars and surround sound systems. These devices are very small in size and deliver the best audio experience. The devices launched by Bose are enabled with Wi-Fi and Bluetooth and with NFC for easy pairing. In September 2016, Sony launched its Z series range of its flagship BRAVIA 4K HDR TVs. These TVs feature a newly developed 4K image processor, 4K HDR processor.

The Covid-19 pandemic has a vital impact on the growth of the Japan Household Appliance market and altered several market scenarios. The lockdown across various countries and ban on international travel has disrupted the supply chain and revenue chain. The report includes a thorough analysis of the Covid-19 pandemic on the growth of the Japan Household Appliance market.

Key players profiled in the report include AB Electrolux, Qingdao Haier Co., Ltd. (Haier), Hitachi, Ltd., LG Electronics Inc. (LG), Midea Group Co., Ltd. (Midea), Panasonic Corporation (Panasonic), Robert Bosch GmbH, Samsung Electronics Co., Ltd., Sharp Corporation (Sharp), and Whirlpool Corporation.

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Key findings of the Japan Household Appliance Market:

• By product type, the cooking appliances segment is expected to grow at a CAGR of 4.4%, in terms of revenue, from 2018 to 2025.
• By product type, the refrigerator segment of Japan household appliances market is expected to grow at a CAGR of 5.1%, in terms of revenue, from 2018 to 2025.
• By product type, the cooking appliances segment is expected to grow at a CAGR of 4.4%, in terms of revenue, from 2018 to 2025.
• By product type, the washing machine segment is expected to grow at a CAGR of 3.4%, in terms of revenue, from 2018 to 2025.
• By product type, the wall oven segment is expected to, grow at a CAGR of 5.0% in terms of revenue, from 2018 to 2025.
• By distribution channel, the specialty store real segment is expected to lead the Japan household appliance market at a CAGR of 3.7%

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Middle East Fragrances Market Size is Likely to Reach a Valuation of Around $4,414.1 Million by 2027

According to a new report published by Allied Market Research, titled, 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 Middle East fragrances market size was valued at $2,852.9 million in 2019, and is projected to reach $4,414.1 million by 2027, registering a CAGR of 7.4% from 2020 to 2027.

Over the past couple of years, the traditional mass market fragrance business has witnessed a decline in its sales since the target customers seek for fragrance brands that are more upmarket. This has triggered demand for various perfumes in the Middle East.

Availability of premium products in the market has become necessity in recent years. This is attributed to the fact that these products minimize the gap between the price range of luxury and ordinary quality for middle-income group consumers. As a result, premiumization plays a key role in the overall growth of Middle East fragrance market. Presently, customers seek for superior quality while using consumer goods, including perfumes irrespective of their high-end price tags. This results in increase in demand for premium brand perfumes.

Beauty bloggers and social media influencers are creating new growth avenues for the market. Moreover, increase in advertisement along with product knowledge on social media sites such as Facebook, YouTube, Instagram, and Twitter has increased the awareness regarding perfume products, especially among millennial and generation X consumers of Middle East. In addition, large number of local YouTubers are now hosting popular channels to demonstrate product reviews and tutorials, which, in turn, drive the Middle East fragrances market growth.

Increase in penetration of various online portals in the Middle East and rise in number of offers or discounts attract large consumer base to purchase perfumes through online channels. Moreover, online sales channel has increased the consumer reach owing to which it has evolved as a key source of revenue for many companies.

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Furthermore, the online sales market is expected to expand in the near future due to rapid growth in online and mobile user customer bases in emerging markets. Increase in e-commerce sales, improvements in logistics services, ease in payment options, and the facility to enter in new international markets for major brands further boost the growth of the Middle East fragrances market.

The Middle East fragrances industry is studied on the basis of demographic and country. Depending on demographic, the market is categorized into male, female and unisex. By country, it is segregated into Kingdom of Saudi Arabia, United Arab Emirates, Jordan, Iraq and Rest of Middle East.

The Covid-19 pandemic has a vital impact on the growth of the middle east fragrances market and altered several market scenarios. The lockdown across various countries and ban on international travel has disrupted the supply chain and revenue chain. The report includes a thorough analysis of the Covid-19 pandemic on the growth of the middle east fragrances market.

Key Benefits For Stakeholders:

○ This report provides a quantitative analysis of the Middle East fragrances industry segments, current trends, estimations, and dynamics of the market from 2019 to 2027 to identify the prevailing the Middle East fragrances market opportunities.
○ The market report provides information related to key drivers, restraints, and opportunities.
○ Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
○ In-depth analysis of the Middle East fragrances market segmentation assists to determine the prevailing opportunities.
○ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
○ The report includes the analysis of the Middle East fragrances market trends, key players, market segments, application areas, and market growth strategies.

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Reasons to Buy This Middle East Fragrances Market Report:

○ Mergers and acquisitions should be well-planned by identifying the best manufacturer.
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