Travel Bag Market Expected to Reach $24,027 Million by 2023, Registering a CAGR of 7.1%

Major market players have focused on R&D activities to provide light weight & high resistance to wear & tear travel bags to provide utmost convenience while traveling. In addition, the players in the market have focused on expanding their product portfolio through mergers and acquisitions and to increase their customer base. 

According to a new report published by Allied Market Research, titled, “Travel Bag Market by Material Type, Luggage Type, Distribution Channel, and Price Range: Global Opportunity Analysis and Industry Forecast, 2017-2023,” The global travel bag market was valued at $15,045 million in 2016, and is projected to reach $24,027 million in 2023, registering a CAGR of 7.1% from 2017 to 2023. In 2016, the trolley bag segment is anticipated to grow at the highest rate during the forecast period.

Key Findings of the Travel Bag Market:

  • In 2016, Asia-Pacific dominated the global market with more than one-third share in terms of value.
  • Asia-Pacific is estimated to witness the highest growth rate during the forecast period.
  • In 2016, China was the leading revenue contributor to the Asia-Pacific travel bag market.
  • The soft-side by material type segment generated the highest revenue to the global market in 2016, and is expected to grow at a CAGR of 7.4%.
  • The trolley bag segment is estimated to register the highest growth rate, in terms of revenue, registering a CAGR of 10.3%.

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Travel bags consist of bags or cases, or containers, which can hold a traveler’s belongings while travelling. The travel bags are generally used to carry clothing, toiletries, small possessions, trip necessities, and souvenirs. In the present era, bags also represent their owner’s wealth and fashion statement. The duffle segment generated the highest revenue in 2016, and is projected to continue to dominate throughout the analysis period. This is attributed to rise in consumer demand as it is fashionable and very popular among travelers and fitness practitioner.

The growth of the travel bag industry is attributed to the growth of the travel and tourism industry. Introduction of low cost carrier, government initiative to increase national & international tourism, and increase in business travel are the significant factors that boost the growth of the travel & tourism industry and its supplementary industry including travel bag industry.

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Asia-Pacific dominated the global market, owing to robust growth of the business travel & leisure industry. Furthermore, presence of major players is anticipated to boost the market growth in the near future. North America is the second leading revenue contributor to the global market, and is expected to register a CAGR of 5.5% in terms of revenue.

Key Benefits

  • The study provides an in-depth analysis of the travel bag market with current and future trends to elucidate the imminent investment pockets in the market.
  • The report provides information regarding key drivers, restraints, and opportunities with impact analysis.
  • Porters Five Forces model analysis of the industry illustrates the potency of the buyers and suppliers.
  • Market player positioning in the report provides a clear understanding of the position of leading companies.

The key players profiled in the report are Delsey SA., VIP Industries, TGHI, Inc., Samsonite, Ace Co. Ltd., U.S. Luggage Company, Jiaxing Bianca Luggage Industrial Co. Ltd., Travelpro Products, Inc., Rimowa GmbH, and Kering SA.

About Us:           

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

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Smart Sports Equipment Market Valuation Worth USD 12.0 Billion by 2026 at 7.9% CAGR – Report by Allied Market Research

According to a new report published by Allied Market Research, titled, “Smart Sports Equipment Market by Type, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,”. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

The global smart sports equipment market size was valued at $6.6 billion in 2018 and is projected to reach $12.0 billion by 2026, registering a CAGR of 7.9% from 2019 to 2026.

Smart sports equipment are the sports equipment in which device like sensors are connected to them. These smart equipment are different from traditional sports equipment in terms of features. Unlike traditional sports equipment, these smart sports equipment are able to provide useful analytics such as the speed, spin, and the flight path of a ball. These smart sports equipment are also able to gather data and provides players with advice on how they can improve their techniques. For instance, FWD powersot is a wearable sensor that is connected to a hockey stick and allows users to track and analyze their performance. It compiles all the metrics and provides advice to the user on how to improve their techniques .Thus, it also serves as virtual coaching to the players.

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The smart golf stick segment in the smart sports equipment market is anticipated to have the highest market share during the forecast period. The continuous innovation and adoption of IoT in golf equipment such as smart golf stick offers features such as showing clubhead speed, swing path, and even the club face’s angle at the time of impact provides better experience to their users. This factor boosts the demand for smart golf sticks. This in turn propels the growth of the smart sports equipment market in various countries across the globe.

The smart sports equipment market is driven by the use of IoT in these sports equipment, which allow users to track, analyze, and improve their skills, compare their performance, and improve their efficiency. Thus, this factor allows sports person to remain competitive in sports.

In addition, smart sports equipment keeps sport person safe from getting injured. This drives the growth of the smart sports equipment market. Moreover, the use of IoT in sports industry is anticipated to bring ample of opportunities for the manufacturers to add new and advance features to sports equipment and create a personalized sports equipment. This fact is expected to foster the market growth in the future.

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The global market is segmented on the basis of product type, end user, distribution channel, and region. Based on type, it is classified into smart balls, Smart golf sticks, smart hockey sticks, smart rackets & bats, and others. By end user, the market is bifurcated into men and women. By distribution channel, the market is divided into specialty stores, franchise stores, and online stores. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The Covid-19 pandemic has a vital impact on the growth of the global Smart Sports Equipment 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 global Smart Sports Equipment Market.

The key players operating in the smart sports equipment industry are:

○ NIKE Inc.
○ Golfsmith International Holdings Inc.
○ PUMA SE
○ Adidas AG
○ Wilson Sporting Goods
○ BABOLAT VS S.A.
○ HockeyShot Inc.
○ Riddell
○ Zepp Labs Inc.
○ Gridiron Technologies

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Key Findings of the Smart Sports Equipment Market:

○ Based on product type, the smart golf stick segment accounted for the highest smart sports equipment market share in 2018, growing at a CAGR of 7.4% from 2019 to 2026.
○ Based on end user, the men segment accounted for about 54.2% share of the smart sports equipment share in 2018 and is expected to experience growth at a CAGR of 7.6%.
○ Based on distribution channel, the franchise store segment accounted for about 41.0% share of the smart sports equipment share in 2018 and is expected to experience growth at the highest CAGR of 7.6% during the smart sports equipment market analysis.
○ Based on region, North America accounted for about 32.3% of the smart sports equipment market size in 2018 and is expected to grow at a CAGR of 7.5%
○ The smart hockey sticks segment is estimated to grow at a CAGR of 8.6% in the smart sports equipment forecast.

Related Reports:

○ Sports Equipment and Accessories Market Business Opportunities by 2029
○ Waterproof Watch Market Growth, Opportunities and Forecast Assessment, 2030

About Allied Market Research:

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

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Subscription Based Water Purifier | At a CAGR 10.1% Water Purifier Market Expected to Reach $92.1 Billion by 2031

The global water purifier market is anticipated to witness a rapid growth in the residential segment because of rise in health concerns amongst households. Residential users accounted for the largest share of the overall market in 2020. Moreover, the segment is anticipated to witness prominent growth in developing countries, such as China and India in the coming years, owing to increase in scarcity of clean drinking water and surge in awareness toward health and hygiene.

Water Purifier Market Outlook – 2031

  • RO segment is expected to grow at a CAGR of 10.4%, in terms of revenue, from 2022 to 2031.
  • Commercial segment is expected to grow at a CAGR of 10.6%, in terms of revenue, from 2022 to 2031
  • Asia-Pacific is expected to lead the market, growing at the highest CAGR of 10.3%, in terms of revenue, from 2022 to 2031.
  • Japan is the largest country, in terms of revenue generation, in the market, and is expected to grow at a CAGR of 10.4% from 2022 to 2031.

Analysts’ Perspective on the Global Market for Water Purifier

The global water purifier market is anticipated to witness a rapid growth in the residential segment because of rise in health concerns amongst households. Residential users accounted for the largest share of the overall market in 2020. Moreover, the segment is anticipated to witness prominent growth in developing countries, such as China and India in the coming years, owing to increase in scarcity of clean drinking water and surge in awareness toward health and hygiene.

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Global Water Purifier Market Introduction

According to a new report published by Allied Market Research, titled global water purifier market was valued at $29,998.15 million in 2020, and is estimated to reach $92,082.60 million by 2031, growing at a CAGR of 10.1% from 2022 to 2031.

LAMEA is expected to grow at the highest CAGR of 12.3% during the forecast period, followed by Asia-Pacific, registering a CAGR of 10.3% during the forecast period.

Water purifier market analysis shows the penetration rate of water purifiers is anticipated to increase in the near future, due to rise in concerns of health and wellness among people in the LAMEA and Asia-Pacific regions creating water purifier market opportunities. However, the North American and European markets are expected to witness slower growth during the forecast period, as these markets are nearing maturity. Smart water purifier is becoming new water purifier market trends, the smart water purifiers are easy to use and has many stages of purification also it monitor the water quality and set up all setting as per requirements.

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The global water purifier market is anticipated to witness notable growth in the recent years. This is attributed to the fact that sales have surged in the past few years in Asia-Pacific, making it the largest revenue generator. Moreover, presence of huge population base and scarcity of clean drinking water drive the market in developing countries, such as India and China. The penetration rate of relatively lower priced products, such as gravity-based water purifiers is higher in developing countries of Asia-Pacific and LAMEA. These markets also witness increase in adoption of high-end products and increase in the number of international players, such as Panasonic, Amway, and others. Thus, the demand for portable water purifiers is expected to increase at a considerable rate in developed countries of Europe and North America, as these markets are nearing maturity.

On the basis of technology, the RO water purifier segment occupied the largest water purifier market share of 66.3% in 2020, followed by the UV segment with 20.4%, and is expected to grow at the highest CAGR of 9.5% from 2022 to 2031. RO water purification systems are widely adopted across the globe, due to their performance efficiency, low electricity consumption, and regular technological innovation.

On the basis of end user, the market is categorized into commercial and residential. The residential users segment occupied a significant market share of 74.3% in 2020 and is expected to grow at a CAGR of 9.9% from 2022 to 2031.

On the basis of distribution channel, the market is segmented into retail stores, direct sales, and online channels. The retail stores segment held a major share of 73.4% in 2020 as compared to others.

Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Among these, Asia-Pacific accounted for around 69% of the overall market share in 2020, in terms of value, owing to increase in urbanization, surge in income levels, and rise in health awareness among people in this region Europe water purifier market size accounted for a sales revenue of $4,259.70 million in 2020 and is anticipated to grow at a CAGR of 9.1% during water purifier market forecast period. However, the North American market is expected to exhibit a CAGR of 8.4% during the forecast period, accounting for $8,747.80 million by 2031.

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Major market players

• Amway Corporation
• O. Smith Corporation (Aquasana Inc.)
• Best Water Technology
• Eureka Forbes Limited
• Halo Source Inc.
• Kent Ro System Ltd
• Lg Electronics
• Panasonic Corporation
• Suez Water Technologies & Solutions
• Tata Chemicals Ltd

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

Massage Equipment Market Valuation Worth $15,083.6 Million by 2031 at 8.9% CAGR – Report by Allied Market Research

According to a new report published by Allied Market Research, titled, “Massage Equipment Market by Type, by Product, by End User, by Distribution channel: Global Opportunity Analysis and Industry Forecast, 2021-2031,”. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

The massage equipment market size was valued at $6.54 billion in 2021, and is estimated to reach $15.08 billion by 2031, growing at a CAGR of 8.9% from 2022 to 2031.

Going to a professional spa or masseuse is a pricey proposition, which everybody might not be able to afford on a recurring basis. Thus, cost effective non-electrical massagers are good options to buy, which are likely to contribute to the growth of the market through non-electric segment. Furthermore, one of the key factors that propel the expansion of the massager equipment market in the developed region is the accessibility of cutting-edge technology.

High cost of the electrical massagers, lack of awareness regarding the benefits of the massages, and availability of the other therapeutic treatments to get relief & relaxations such as aromatherapy & its growing popularity are some of the factors that are likely to hinder the massage equipment market growth during the forecast period.

According to the massage equipment market analysis, the massage equipment market is segmented into type, product, end user, distribution channel, and region. The basis of type, the electric segment was the significant contributor to the market, and is estimated to reach $10,537.8 million by 2031, at a CAGR of 9.5% during the forecast period. Electrical segment has been gaining major traction among the people and is expected to sustain its traction throughout the forecast period owing to benefits offered by electrical massagers such as easy to use and can provide relaxation with minimal efforts. Electric massagers provide massage of professional quality while having the comfort of performing it at home. Furthermore, various strategies adopted by the massage equipment manufacturing companies and vendors such as promotional activities, advertisements digital platforms, product launch in electrical massage equipment category, merger and acquisitions are likely to support for the growth of the massage equipment market through electrical segment during the forecast period.

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The basis of product, leg and foot massagers segment was the highest contributor to the market and is estimated to reach $3,795.8 million by 2031, at a CAGR of 10.7% during the forecast period. A foot massager is a device that is used to calm the feet and, in the process, calms the nerves in the feet, increases blood flow, reduces pain, releases toxins, replenishes energy, and lifts the mood. Numerous people are affected by chronic pain especially elderly people, and foot massagers are now the best drug-free treatment for it. The market for foot massage devices is expanding due to rising demand from the elderly population, a rise in disposable income, and product affordability.

Basis of distribution channel, the specialty store segment was the significant contributor to the market in 2021 and is estimated to reach $3,786.9 million by 2031, at a CAGR of 9.8% during the forecast period. Specialty stores for massage equipment has gained significant share in the global massage equipment market and is expected to sustain its market share during the forecast period. This is majorly attributed to benefits associated with the specialty stores, such as consumers can get more brand option for a particular product segment and can get guidance from experts and knowledgeable staff.

Region wise, Asia-Pacific garnered the second highest massage equipment market share in 2021, and is expected to maintain its share throughout massage equipment market forecast period. The growth of the Asia-Pacific market is driven by increased awareness of massage equipment and its benefits among the youth & elderly population. Furthermore, rapid urbanization in developing economies, increase in youth population, and rise in per capita disposable income are expected to motivate people to buy massagers in the region.

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The key players profiled in this report RoboTouch, HoMedics, OSIM International Pte. Ltd., JSB Wellness, Beurer, Dr. Physio, LG Electronics Inc., Luraco Technologies Corporation, Medisana gmbh, Medmassager, Omron Corporation, Panasonic Corporation, Samsung Electronics Co., Ltd., Shenzhen Relcare Electronics, and Zyllion.

Key Benefits For Stakeholders:

○ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the massage equipment market analysis from 2021 to 2031 to identify the prevailing massage equipment market opportunities.
○ The market research is offered along with 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 massage equipment market segmentation assists to determine the prevailing market opportunities.
○ Major countries in each region are mapped according to their revenue contribution to the global market.
○ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

Related Reports:

○ Electric Massagers Market Growing Rapidly with Significant CAGR From 2027
○ Massage Chairs Market Growth Opportunities In Global Industry By 2027

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 domain.

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Shoe with Knitted Upper Market has the potential to grow by $3.19 Billion during 2025,market’s growth momentum will accelerate at a CAGR of 5.9%

 People have become concerned about their health today and to combat problems such as obesity they have adopted activities such as jogging and power walking. This in turn fuels the demand for shoe with knitted uppers, thereby boosting the growth of the global market 

 According to a Allied Market Research, the global shoe with knitted upper market is expected to attain $3.19 billion by 2025, registering a CAGR of 5.9% during the forecast period, 2018-2025.

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In recent years consumer preferences have quickly shifted in favor of knitted shoe uppers in recent years. First, as environmental consciousness spreads throughout nations, demand for leather shoes is also falling significantly, which in turn is increasing demand for shoes made of textile. Second, there has been a sharp increase in the market for athletic footwear as a result of a societal change toward fitness and wellness. Producing knitted shoe uppers became the emphasis of manufacturers in response.

Based on the interviews of various top-level CXOs of leading companies, the rise in the disposable income and improvements in the living standard has been the major factor driving the growth of the market. This rise in demand for this product is also attributed to the functional benefits such as the lightweight and comfort, which also supports its growth in the global market.

Furthermore, rise in the number of sports inspired children and rise in concerns about foot health among customers also boost the growth of the global shoe with knitted upper market. However, implementation of government regulations toward footwear industries majorly restricts the market growth.

The has been segmented based on type, distribution channel, and region. Based on type, the market is classified into casual shoes, sports shoes, and running shoes. Based on the distribution channel, the market is divided into supermarkets & hypermarkets, specialty stores, e-commerce, and others. By region, the shoe with knitted upper market has been studied across North America, Europe, Asia-Pacific, and LAMEA.

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Casual shoe segment had the highest share in the market owing to the increase in the disposable income of consumers all over the world and increase in influence of online shopping. However, the running shoe is expected to witness the highest CAGR of 7.1% throughout the forecast period due to rise in number of sport-inspired children as well as growth in trend of health and fitness among consumers.

Key Take Away

  • The market for shoes with knitted uppers was primarily driven by the casual shoe category, which is projected to expand at a CAGR of 5.0 % from 2018 to 2025.
  • According to distribution channel, the specialty stores segment accounted for the largest value share of the shoe with knitted upper market in 2017 and is anticipated to expand at a CAGR of 4.4 % between 2018 and 2025.
  • Running shoes are predicted to experience the highest type-based CAGR of 7.1 percent from 2018 to 2025.
  • According to distribution channel, the e-commerce market share for shoes with knit uppers was less than one-third in 2017 and is projected to increase at a CAGR of 8.0 %
  • AMEA is the fastest growing shoe with knitted upper market and is expected to grow at the 6.3%CAGR throughout the forecast period
  • In terms of value, Europe and Asia-Pacific collectively contributed over half of the global shoe with knitted upper market

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The key players profiled in the report shoe with knitted upper industry include Adidas AG, Asics Corporation, FILA Korea Ltd., Jack Wolfskin GmbH & Co. KGaA, K-SWISS (E. Land World Company, Ltd.), New Balance, Nike, Inc., Puma SE (Kering), Skechers USA, Inc., and VF Corporation (VFC).

Related Report
Smart Shoes Market : https://www.alliedmarketresearch.com/smart-shoes-market
Tactical Footwear Market : https://alliedmarketresearch.com/tactical-footwear-market-A13072
Orthopaedic Shoes Market : https://www.alliedmarketresearch.com/orthopaedic-shoes-market-A06510


About US

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

Europe Interior Doors Market | Business Strategies and Opportunities With Key Players Analysis, 2030

According to a new report published by Allied Market Research, titled, “Europe Interior Doors Market by Door Type, Material, Surface Structure, and End User,: Country Opportunity Analysis and Industry Forecast, 2021–2030,” The Europe interior doors market size was valued at $12.6 billion in 2020, and is expected to reach $19.4 billion by 2030, with a CAGR of 4.2% from 2021 to 2030. In 2020, Rest of Europe country dominated the Europe interior doors market, in terms of revenue, accounting for around one third of Europe interior doors market.

Interior doors are used in the interior sides of homes and commercial spaces. Sliding doors, patio doors, and bypass doors are some of the types of interior doors. Interior doors are adopted in buildings owing to features such as eco-friendly in nature, durable, and available in different colors and shapes.

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The Europe interior doors market is anticipated to grow, owing to surge in population, and rise in urbanization. In addition, increase in adoption of interior doors and rise in demand for residential and non-residential areas are anticipated to cater to the growth of the Europe interior doors market. In addition, upsurge in consumer expenditure on renovation and home construction activities, fuels the growth of the Europe interior doors market.

Augmented acceptance of eco-friendly doors technologies in the developed European countries such as Germany, France, UK, and others, fuels the market growth. Benefits associated with interior doors such as durable, noise reduction, and aesthetic look accompanied by development in the air quality have boosted the use of eco-friendly interior doors, which boost the growth of the Europe interior doors market. A rise in disposable income of population in countries such as Poland, Germany, France, and others, which in turn, surges the spending on home furnishing and renovation activities, this fuels the growth of the Europe interior doors market. For instance, the disposable income of population in Ukraine increased by 15.8% from March 2018 to June 2018.

Various manufacturers in the Europe interior doors manufacturers had to shut down their business activities due to the lockdown initiated in countries such as Spain, France, and others. This break has directly impacted the sales of interior doors manufacturer companies in Europe. In addition, lack of raw materials, disruption in the supply chain, and lack of manpower halted the supply chain of interior doors. However, the re-initiation of the Europe interior doors industry and availability of vaccines for coronavirus disease is projected to lead to the opening of the Europe interior doors market at their full-scale capacities.

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The Europe interior doors market is segmented on the basis of door type, material, surface structure, end user, and country. On the basis of door type, the market is divided into panel, bypass, bifold, and others. Panel segment generated the highest revenue in 2020. By material, the market is divided into wood, metal, glass, and others. Wood segment dominated the market in 2020. On the basis of surface structure, the market is categorized into painted/lacquered, laminated, natural veneer, and others. Natural veneer segment generated the highest revenue in 2020. By end user, the market is divided into residential and non-residential. Residential segment generated the highest revenue in 2020.

Country wise, the Europe interior doors market analysis is conducted across Spain, France, Germany, UK, Italy, Austria, Bulgaria, Romania, Czech Republic, Slovakia, and Rest of Europe. In 2020, Rest of Europe was the highest contributor to the Europe interior doors market share, and is anticipated to secure a leading position during the forecast period.

Key Findings Of The Study

  • By door type, panel segment was the highest revenue contributor in 2020.
  • By material, wood segment was the highest revenue contributor in 2020. 
  • By surface structure, natural veneer segment was the highest revenue contributor in 2020. 
  • By end user, residential segment was the highest revenue contributor in 2020. 
  • Country wise, Rest of Europe generated the largest Europe interior doors market share in 2020.
  • The report provides an extensive analysis of the Europe interior doors market trends and emerging opportunities of the market.  
  • The Europe interior doors market forecast analysis from 2021 to 2030 is included in the report.

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Kicking Strap Market Research, 2030 | Growth Opportunities, Future Demand And Leading Players Updates

According to a new report published by Allied Market Research, titled, “Global Kicking Strap Market by Product Type, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global kicking strap market size was valued at $0.26 billion in 2020, and is expected to reach $0.49 billion by 2030, with a CAGR of 6.2% from 2021 to 2030. In 2020, Europe dominated the global kicking strap market, in terms of revenue, accounting for around 56.8% share.

The major players such as AG +Spars, Allen Brothers (Fittings) Ltd., and Forespar Products Corporation have adopted partnership as a key developmental strategy to improve the product portfolio. For instance, in April 2021, Hall Spars signed a partnership with Southern Wind Shipyard, based in Africa. The partnership is aimed to improve the product portfolio of booms and carbon masts in Africa.

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Kicking strap products are largely used in the boat and yacht industry. A kicking strap is a rigid strut that extends obliquely upward from the boom to the mast, exerting a force that pushes down on the boom. Kicking strap is designed to be attached to a flat surface, allowing the line to run parallel to that surface.

Rise in disposable income of population coupled with surge in spending on tourism activities boosts the demand for kicking strap in boat and yachts. For instance, the disposable income of Spain registered a growth of  5.9% from 2017 to 2020, fuels the growth of the global kicking strap market. Increase in trend of recreational boating across the globe is likely to boost the growth of the kicking strap market. Kicking strap consisting of a vertical mast and horizontal mast along with other components such as slewing unit, hook, and hoist winch, which assists in lifting and maneuvering heavy material effectively and efficiently, fuels the growth of the kicking strap market.

Rise in sea born trade augments the demand for boat and yacht systems, which is expected to contribute toward the growth of the global kicking strap market. Boat cleats, back plates, kicking key, hooks, and blocks are some of the kicking strap products available in market that have been widely adopted in boat and yacht systems for handling horizontal and vertical angle of kicking strap.  

Various manufacturers in the global kicking strap market had to shut down their businesses activities due to the lockdown initiated in countries such as UAE, India, and Brazil. This directly impacted the sales of global kicking strap, globally.

In addition, lack of raw materials, disruption in supply chain, and lack of manpower halted the supply chain of kicking strap products. However, the re-initiation of the kicking strap industry and availability of vaccines for coronavirus disease are projected to augment the growth of the global kicking strap market.

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However, fluctuation in raw material prices and low production volume of kicking strap are anticipated to restrain the growth   of kicking strap market.  On the contrary, technological innovation in kicking strap is anticipated to create growth opportunities for the global kicking strap market.

The global kicking strap market is segmented into product type, application, distribution channel, and region. On the basis of product type, the market is divided into hydraulic, rigid, and others. The rigid segment generated the highest revenue in 2020. The applications covered in the study include professional sports and amateur leisure. The amateur leisure segment generated the highest revenue in 2020. Depending on distribution channel, the market is divided into offline and online. The offline segment exhibited the highest growth in 2020.

Region wise, the global kicking strap market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Europe was the highest contributor to the global kicking strap market share, and is anticipated to secure a leading position during the forecast period.

Key Findings Of The Study

  • The report provides an extensive analysis of the current and emerging global kicking strap trends and dynamics.  
  • Depending on product type, the rigid segment was the largest revenue generator in 2020.
  • By application, the amateur leisure segment generated the highest revenue in 2020.
  • On the basis of distribution channel, the offline segment accounted for the highest revenue in 2020.
  • Region wise, Europe is anticipated to dominate the global kicking strap market throughout the study period.
  • The report provides an extensive analysis of the global kicking strap market trends and emerging opportunities of the market.  
  • The global kicking strap market forecast analysis from 2021 to 2030 is included in the report.

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At A CAGR 31.1% Connected Gym Equipment Market Size Is Projected to Reach $1,048 million by 2023

Improvement in economic condition and growing health concerns are the two key factors that propel the growth of the connected gym equipment market. The growing health awareness and need for an active lifestyle worldwide is a key driver for the growth of the connected gym equipment market. Sedentary lifestyle, changing eating habits have led to various health risks. Therefore, increase in awareness regarding regular physical activity along with good habits to stay healthy, to maintain a youthful appearance, and to reduce healthcare expenditure have raised the demand for smart gym equipment at residential and commercial spaces. In addition, significant count of geriatric population in the developed and developing countries also use unique fitness equipment to improve their cardiovascular conditions. This trend is also significantly driving the market for smartphones, WiFi enabled gym equipment.

 According to a Allied Market Research, titled, Connected Gym Equipment Market is projected to reach $1,048 million by 2023, growing at a CAGR of 31.1% from 2017 to 2023.

Connected gym equipment market is projected to witness a sharp growth in the coming years owing to requirement of smart gym equipment across residential and commercial sector. North America is the largest market for connected gym equipment across the world. A larger base of obese population in the region has led to higher adoption of smart dumbbells, kettlebells, cross trainer, and other equipment. The market is driven by the prevalence of high obesity rates, which has led to greater adoption of connected gym equipment in the region. Rise in obesity rates, increase in health consciousness, and awareness of benefits provided by these smart devices would lead to larger number of new fitness facilities to set up and increase in membership rates. Such factors are expected to boost the requirement of the connected gym equipment market in the region.

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Increase in disposable income and rapid economic growth in Asia-Pacific have led to sedentary lifestyles and increased spending on fast foods, leading to unhealthy lifestyles. This has increased the incidence of lifestyle diseases such as obesity, diabetes, heart disease, hypertension, and other bone diseases. Growth in awareness among people about long-term consequences of such diseases has encouraged people to stay fit by working out at gyms and fitness centers. The use of strength training equipment among the youth population is expected to increase at a faster pace in the near future. These factors are anticipated to make Asia-Pacific, the fastest growing regions in the connected gym equipment industry during the forecast period.

Key Finding Of The Study

  • Strength training equipment was the second highest revenue generating product type, and is projected to grow at a CAGR of 30.0 % during the forecast period.
  • Elliptical under cardiovascular training equipment is expected to grow at the highest CAGR of 33.5%.
  • Health clubs or gyms accounted for more than 40% of market share and is expected to dominate the global market by 2023.
  • Japan is the major shareholder in the Asia-Pacific Connected Gym Equipment industry, and accounted for around 33%

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Health clubs or gyms generated the maximum revenue in 2016. Increase in the number of health clubs and gyms significantly drive the world connected gym equipment market. Health clubs drive the market for both cardiovascular and strength training exercises. In the U.S., gym membership rates have witnessed decent increase in the recent years owing to increasing incidence of obesity, with 34,460 clubs and 55 million members in 2015. Increasing health awareness among the population has increased the number of gym goers. Increase in per capita income, increasing urbanization rates, and growing youth population in developing economies are expected to offer lucrative opportunities to market players.

The U.S. is the largest market of connected gym equipment globally. The country exhibits the highest penetration of cardiovascular equipment across the world on account of high obesity rates and increased health consciousness. Adoption of cardiovascular equipment with advanced features is higher compared to the western European countries. Moreover, the market exhibits rising demand for technologically advanced, high-end home cardiovascular fitness equipment in the region.

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The key players in connected gym equipment industry focus to expand their business operations in the emerging countries by adopting various strategies, such as acquisition and contact/agreement. The major players profiled in this report include eGym, Les Mills International, Life fitness, Precor, Technogym, Draper Inc., Include Fitness Inc., Paradigm Health & Wellness Inc., Johnson Health Tech Co. Ltd., and Nautilus Inc.

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Smart Shoes Market : https://www.alliedmarketresearch.com/smart-shoes-market

About Us:

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

Automotive Heat Shield Market | Trends, Share, Growth Rate, Opportunities and Market Forecast 2021–2030

Automotive Heat Shield Market Outlook – 2030

Automotive heat shields are used to prevent the spreading of heat from the components which are extremely hot and can cause damage to the vehicle. The heat shields depend on design, weight, material, and structure of components in the vehicle. Moreover, the heat shields are made according to the different shapes and sizes of the component which varies according to the different vehicle models. The engine produces very high amount of heat and requires specific temperature to attain best performance and the shield protects the components by absorbing or deflecting the heat. The automotive heat shields are manufactured using aluminium as the raw material, which is installed in the air box below the bonnets, cooling pipes and to improve the efficiency of the combustion the heat shields are fitted to air intake inlets. The growing demand and rise in automobile production are expected to drive the automotive heat shield market.

Companies covered: Dana Incorporated, Morgan Advanced Materials, Autoneum Holding AG, ElringKlinger AG, Lydall Inc., Tenneco Inc., Carcoustics, UGC Inc., Talbros Automotive Components Ltd, and DuPont

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COVID-19 Impact Analysis:

Automotive heat shield market was adversely impacted during the first two quarters of 2020 owing to the emergence of COVID-19 pandemic. COVID-19 pandemic had a severe impact on the market since production and sales of new vehicles have come to a halt across the globe. Moreover, due to lockdown there has been a disruption in supply of raw material required for heat shield manufacturing which further delayed the process. Moreover, due to social distancing norms and other restrictions there was an unavailability of labour which affected the manufacturing process. The automotive industry is highly capital intensive and relied on frequent financing to continue operations. Thus, the production suspension during the outbreak and lower demand of automobile post the pandemic will have a long-term effect on automotive heat shield market.

Top Impacting Factors

Rise in demand for hybrid & electric vehicle, increase in focus on light weight & efficient fuel standards, and rise in vehicle production globally drive growth of the market.
Rise in the price of raw materials for automotive heat shield manufacturing and restriction on internal combustion engine vehicles by major countries are expected to hamper growth of the market.
Moreover, new government standards related to components & structures, rise in technological developments in the automobile market and rise in demand for luxury vehicle since cost of heat shield for luxury vehicles higher than the normal act as an opportunity for growth of the market.

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Market Trends

Increase in focus on light weight and efficient fuel standards

One of the factors of achieving fuel economy is by reducing the weight of the vehicles. Therefore, OEMs are focusing on manufacturing light weight vehicles to comply with stringent fuel efficiency standards. Thus, the heat shield manufacturers are also focusing on developing lightweight and efficient heat shields. For instance, Tenneco, a heat shield manufacturer uses an ultra-lightweight corrugated aluminium for making heat shield. This material has 80% lower mass than aluminized steel with 15-30% better thermal protection. Thus, the increasing focus on light weight and efficient fuel standards are expected to boost the growth for automotive heat shield market.

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Rise in demand of hybrid & electric vehicle

The carbon dioxide and carbon monoxide released from vehicles running of internal combustion engine are polluting the environment. So, the government of leading countries are promoting the usage of electric vehicle. Since, there is lack of sufficient charging station in various countries all over the globe has driven the growth of hybrid vehicles. For instance, all the leading automobile manufacturer across the world such as Tesla, Ford, General Motors (GM), Mercedes, Audi, and others are working on electric vehicle to make more efficient so that they travel longer distance on a single charge, and all make the vehicles available at a low price. This growth in electric vehicles market is expected to drive the growth of automotive heat shield market.

Key Benefits of the Report:

This study presents the analytical depiction of the automotive heat shield market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive heat shield market.
The current market is quantitatively analyzed from 2020 to 2030 to highlight the market growth scenario.
The report provides detailed automotive heat shield market analysis based on competitive intensity and how the competition will take shape in coming years.

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Questions answered in the automotive heat shield market research report:

Which are the leading market players active in the automotive heat shield market?
What would be the detailed impact of COVID-19 on the market?
What current trends would influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the automotive heat shield market?
What are the projections for the future that would help in taking further strategic steps?

About Us

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

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. 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.

Contact:

David Correa
5933 NE Win Sivers Drive
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Vehicle Emission Testers Market Analysis by Types, Applications, End Users, Technology With Forecast Till 2029

Vehicle Emission Testers Market Outlook 2027 –

Vehicle emission is one of the major sources of pollution, emitting carbon dioxide, hydrocarbons, nitrogen oxide, and other particulate matters from the vehicle. Vehicle emission testers monitor, measure, and control vehicle emission. Adjustable and movable vehicle emission testers help in monitoring all the aspects very easily. As the pollution is increasing, the demand for vehicle emission testers is increasing rapidly, which is anticipated to provide remunerative growth opportunities for the vehicle emission market during the forecast period.

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Companies covered: Fuji Electric Co., Ltd., LANDTEC NORTH AMERICA, ECOM America, LTD., EIUK (Eurotron Instruments UK Ltd), ENERAC, E Instruments International, LLC, AVL LIST GmbH, Wuhan Cubic Optoelectronics Co. Ltd, CODEL International Ltd, ETG Risorse

COVID-19 scenario analysis:

The global market for vehicle emission testers is severely impacted by the outbreak of the COVID-19 pandemic.
The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns.
Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
Thus, insufficiency in raw material supply is expected to hamper the production rate of vehicle emission testers, which negatively impact the market growth.
However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

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

The factors such as the development of the transportation sector & improving standards of living and growing population of industrialized regions are driving the growth of the market. Moreover, nonadherence to stringent vehicle emission testing norms. Furthermore, the growing automotive industry is stipulated to contribute towards the growth of the vehicle emission testers significantly will restrain the growth of the vehicle emission testers market. Furthermore, the growing automotive industry is stipulated to contribute towards the growth of the vehicle emission testers significantly.

The vehicle emission testers market trends are as follows:

Development of transportation sector & improving standards of life

The transportation sector has been increasing at a tremendous positive rate, with the innovation and developments of companies, the market is getting competitive day by day. With the introduction of Emission tester into a vehicle, it makes it different from others plus many governments have also made it mandatory to monitor the amount of pollution produced by the vehicles, these actions will surely provide growth to the market in the forecasting period.

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The growing population of industrialized regions.

Population in industrialized regions has been witnessing a rise in premature deaths, by pollution, by the emission of toxic gases such as sulfur oxides, nitrogen oxides and other particulate matters in the environment. Thus, to neutralize this severe effect, industries are choosing emission control solutions and thereby increasing the demand for vehicle emission testers in the automotive sector.

Key benefits of the report:

This study presents the analytical depiction of the vehicle emission testers market industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the vehicle emission testers share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the vehicle emission testers’ growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed vehicle emission testers analysis depending on competitive intensity and how the competition will take shape in the coming years.

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Questions answered in the vehicle emission testers market research report:

Which are the leading players active in the vehicle emission testers market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities of the market?
What are the projections for the future that would help in taking further strategic steps?

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Zero Emission Vehicle Market by Vehicle Type (Battery Electric Vehicles (BEV), Plug-in Hybrid Electric Vehicles (PHEV), and Fuel Cell Electric Vehicles (FCEV)) and Application (Commercial and Passenger Vehicles) – Global Opportunity Analysis and Industry Forecast, 2017-2025

World Low Emission Vehicle Market – Opportunities and Forecasts, 2014 – 2022

Emission Control Technology Market by Technology (Diesel Particulate Filter (DPF), Gasoline Particulate Filter (GPF), Diesel Oxidation Catalyst (DOC), Selective Catalytic Reduction (SCR), Exhaust Gas Recirculation (EGR), and Others), Fuel type (Gasoline and Diesel), and End-User Vertical (Automotive, Marine, Aerospace, Off-highway, Rolling Stock, and Industrial): Global Opportunity Analysis and Industry Forecast, 2018–2025

Automotive Emission Analyzer Market by Type (Non-dispersive Infrared (NDIR) Analyzers, Flame Ionization Detector (FID), Chemiluminescence Analyzer (CLA), and Constant Volume Sampler (CVS)), by Usage (Automobile & Component Manufactures, Automobile Service Factory, and Government Agencies): Global Opportunity Analysis and Industry Forecast, 2020–2027

About Us

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

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. 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.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com