Hyperconnectivity Market to Reach $2.2 Trillion, Globally, by 2031 at 21.7% CAGR: Allied Market Research 

Increase in adoption of hyperconnectivity solutions across enterprises to enhance operation & productivity, rise in adoption of networking connectivity technology such as 5G, growth in digitalization and internet penetration around the globe drive the global hyperconnectivity market. However, initial investment cost and security concerns are likely to hinder the market growth during the forecast period. Furthermore, increase in adoption of IoT technology and growth in investments in the smart city projects will present new growth opportunities for the global market in the coming years. 

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Covid-19 Scenario 

► The COVID-19 pandemic had a positive impact on the global hyperconnectivity market. This is due to investment in advanced technologies such as AI, big data, cloud platforms, and ML, by various organizations across the globe. 

► In addition, the pandemic brought major challenges in the manufacturing sector, from supply chain disruptions and drop in workforce availability to raw material shortages. Thus, manufacturers had to rely on the power of their data and analytics to stay competitive and innovate ahead. 

Based on organization size, the large enterprises segment held the highest market share in 2021, accounting for nearly two-thirds of the global hyperconnectivity market and is estimated to maintain its leadership status throughout the forecast period. The surge in adoption of hyperconnectivity solutions in large businesses drives the growth of the segment. However, small and medium sized enterprises segment is projected to manifest the highest CAGR of 24.8% from 2022 to 2031. Factors such as surge in digitalization and increase in government initiatives through various digital SME campaigns throughout the world fuel the growth of the market. 

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Based on component, the solution segment accounted for the largest share in 2021, contributing to more than two-thirds of the global hyperconnectivity market, and is projected to maintain its lead position during the forecast period. This is owing to advancements in technologies enabling hyperconnectivity to transform industries globally, from BFSI to manufacturing, healthcare, and many others. However, the services segment is expected to portray the largest CAGR of 23.7% from 2022 to 2031, as hyperconnectivity services reduce the time & costs associated with optimizing systems in the initial phase of deployment. 

Based on product, the network and communication segment held the highest market share in 2021, accounting for nearly one-fourth of the global hyperconnectivity market. Factors such as the rise in speed & capacity of 5G networks are enabling new use cases for IoT, such as AR, and further allows for more devices to be connected to the internet, thereby driving the growth of the segment. However, the enterprise wearable devices segment is expected to dominate in terms of revenue during the forecast period. Also, the same segment is projected to manifest the highest CAGR of 27.4% from 2022 to 2031.  This is because, increase in speed & capacity of 5G networks will enable more data-intensive applications such as AR & VR, which can be used to enhance the capabilities of enterprise wearable devices. 

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Based on region, North America held the highest market share in terms of revenue in 2021, accounting for more than one-third of the global hyperconnectivity market. This is due to a rise in investment in advanced technologies such as AI, ML, IoT, big data, and cloud computing to improve businesses and the customer experience is expected to drive growth of the market in this region. Asia-Pacific on the other hand, is expected to dominate the market in terms of revenue during the forecast period, also the same region would cite the fastest CAGR of 25.4% from 2022 to 2031, owing to surge in penetration of digitalization and higher adoption of connected technology in the region. 

Leading Market Players: – 

► PathPartner Technology 

► IBM Corporation 

► Cisco Systems, Inc. 

► Iberdrola, S.A. 

► Extreme Networks 

► Oracle Corporation 

► Fujitsu Limited 

► Avaya Inc. 

► Broadcom Inc. 

► Microsoft Corporation 

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Data Pipeline Tools Market Size Projected to Achieve USD 35.6 Billion by 2031: Emerging Trends Explored

According to the report published by Allied Market Research, the global data pipeline tools market generated $6.8 billion in 2021, and is estimated to reach $35.6 billion by 2031, witnessing a CAGR of 18.2% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.

Increase in demand for real time data analytics, rise in demand for cloud data storage, and the growing need for data protection facilities drive the growth of the global data pipeline tools market. Region-wise, the market in North America was the largest in 2021 and is likely to maintain its leadership status during the forecast period.

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Covid-19 Scenario:

  • The outbreak of the COVID-19 pandemic had a positive impact on the data pipeline tools market. The market expanded due to the rise in the adoption of technologies such as machine learning and the internet of things.
  • In addition, data pipeline tools gained popularity since cases of data corruption increased globally. The data generated increased exponentially over the past few years, especially during the Covid-19 outbreak. Hence, data pipeline tools were used to secure the data flow and lower the danger of data corruption.

The report offers a detailed segmentation of the global data pipeline tools market based on product type, deployment mode, application area, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.

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In terms of application area, the real time analytics segment captured the largest market share of two-fifths of the global data pipeline tools market in 2021 and is expected to maintain its dominance during the forecast period. The same segment is likely to achieve the fastest CAGR of 20.73% through 2031. The report also studies the big data analytics, customer relationship management, sales and marketing management, and others segments.

Based on region, the market in North America was the largest in 2021, accounting for nearly two-fifths of the global data pipeline tools market and is likely to maintain its leadership status during the forecast period. The market in Asia-Pacific, however, is expected to manifest the highest CAGR of 19.51% from 2022 to 2031. The other regions analyzed in the study include Europe and LAMEA.

Based on product type, the ELT data pipeline segment held the largest share in 2021, accounting for nearly one-third of the global data pipeline tools market and would rule the roost through 2031. The same segment is estimated to witness the fastest CAGR of 19.22% during the forecast period. The report also discusses the batch data pipeline, ETL data pipeline, streaming data pipeline, and others segments.

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In terms of deployment mode, the cloud based segment captured the largest market share of nearly four-fifths of the global data pipeline tools market in 2021 and is expected to lead the trail during the forecast period. The same segment is likely to achieve the fastest CAGR of 18.67% through 2031. The report also studies the on premises segment.

Leading players of the global data pipeline tools market analyzed in the research include Amazon Web Services, Snowflake, Inc., Software AG, Tibco Software, Inc. (Vista Equity Partners), Oracle Corporation, Google LLC (Alphabet), IBM Corporation, Microsoft Corporation, Precisely Holdings, LLC, and SAP SE.

The report analyzes these key players of the global data pipeline tools market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.

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

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Synthetic Rope Market Global Trends, Share, Growth, Opportunity and Forecast 2018 -2025 

Allied Market Research recently published a report titled, “Synthetic Rope Market Row Material (Polypropylene, Polyester, Nylon, Polyethylene, Specialty Fibers) End Use Industry (Marine & Fishing, Oil & Gas, Sports & Leisure, Construction, Others) Global Opportunity Analysis and Industry Forecast, 2018 -2025  . 

The global Synthetic Rope market was valued at $7.1 billion in 2019, and is projected to reach $10.9 billion by 2027, growing at a CAGR of 5.5%from 2020 to 2027. 

” According to the report, the recent technological advancements and launch of new products have a significant influence on growth. The report includes a detailed analysis of the market trends, major driving factors, prime market players, and top investment pockets. It is vital for new market entrants, stakeholders, and shareholders to make informed decisions about their investments. The report includes a comprehensive analysis of market dynamics such as drivers, restraints, and opportunities. 

The Synthetic Rope Market report includes an analysis of the top 10 market players that are active in the market. The study includes sales, revenue analysis, and production of these companies. The prime market players are China, Japan, and South Korea, WIRECO WORLDGROUP, RESPONSIVE INDUSTRIES LTD., BRIDON-BEKAERT ROPES GROUP, ENGLISH BRAIDS LTD., SOUTHERN ROPES, ATLANTIC BRAIDS LTD., BEXCO NV-SA, TOUWFABRIEK LANGMAN B.V., ACTUANT CORPORATION, TEUFELBERGER Market players have adopted several business strategies such as mergers & acquisitions, new product launches, partnerships, and collaborations to maintain their foothold in the market. 

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

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

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

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

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

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

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

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

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

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Short Message Service (SMS) Firewall Market  is Booming and Predicted to Hit USD 5.7 Billion, and 9.2% CAGR Forecasted for 2031

According to the report, the global SMS firewall market generated $2.5 billion in 2021, and is anticipated to generate $5.7 billion by 2031, witnessing a CAGR of 9.2% from 2022 to 2031.

The growing A2P messaging congestion, rise in the adoption of application-to-person messaging, the increased privacy and security concerns among users, the trend of mobile marketing through SMS, and the demand for next-generation SMS firewalls drive the growth of the global short message service (sms) firewall market. However, a lack of technological knowledge among users, and the rise in the number of cyberattacks restrict the market growth. Moreover, major market players are undertaking various strategies to increase the competition and offer enhanced services to their customers, which is presenting new opportunities in the coming years.

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Covid-19 Scenario

  • The outbreak of the Covid-19 pandemic had a negative impact on the global short message service (sms) firewall market, owing to implementation of the global lockdown.
  • Several companies instituted remote working for their workers to follow the social distancing norms and reduce the spread of coronavirus. These remote working conditions necessitated increased data protection, thereby boosting the demand for short message service (sms) firewall.
  • Moreover, rise in cyber-attacks during COVID-19 positively affected short message service (SMS) firewall market.

Based on component, the platform segment held the highest market share in 2021, accounting for around two-thirds of the global short message service (sms) firewall market, and is estimated to maintain its leadership status throughout the forecast period, as the SMS firewall platforms use advanced technology to address messaging threats and security. However, the services segment is projected to manifest the highest CAGR of 10.8% from 2022 to 2031, owing to a surge in SMS application users.

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Based on deployment mode, the on-premise segment held the highest market share in 2021, accounting for nearly three-fifths of the global short message service (sms) firewall market, as it provides added security of data. However, the cloud segment is projected to manifest the highest CAGR of 11.2% from 2022 to 2031, and is estimated to maintain its leadership status throughout the forecast period, as cloud provides flexibility, scalability, complete visibility and efficiency of all processes.

Based on end user, the IT and Telecom segment accounted for the largest share in 2021, contributing to nearly one-fourth of the global short message service (sms) firewall market. This is due to high adoption rate of SMS firewall for enhanced security. However, the retail and e-commerce segment is expected to portray the largest CAGR of 13.7% from 2022 to 2031, and is projected to maintain its lead position during the forecast period, owing to a surge in the online marketing platforms.

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Based on region, North America held the highest market share in terms of revenue in 2021, accounting for more than one-third of the global short message service (sms) firewall market, and is likely to dominate the market during the forecast period, owing to the growing technological trends in security in the region. However, the Asia-Pacific region is expected to witness the fastest CAGR of 12.0% from 2022 to 2031, owing to the ongoing digital and economic transformation of the region.

The report analyzes the profiles of key players operating in the short message service (SMS) firewall market such as AdaptiveMobile Security, BICS, Cellusys, Comviva, Infobip Ltd., Mobileum, Monty Mobile, Proofpoint, Sinch, and TATA Communications. These players have adopted various strategies to increase their market penetration and strengthen their position in the short message service firewall market analysis.   

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Outbound MICE Market Expected to Reach $1272.2 Billion by 2031| Creative Group Inc, Conference Care Ltd, Access Destination Services

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

Business tourism has a niche called MICE tourism. However, it is important to use a broad definition when talking about business. In addition, it covers all kinds of organizations, including associations, universities, non-governmental organizations, and public & semi-public agencies. The expansion of the corporate sector, an increase in FDI activity, and the development of small & medium-sized businesses are just a few of the causes supporting the growth of the global outbound mice market. Moreover, the growth of international business travel, global tourism, and an increase in the frequency of mouse events such as meetings around the world have fostered the outbound MICE market growth during the forecast period.

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However, governments stopped all domestic and international planes, and the MICE and tourism sectors also imposed travel restrictions to stop the spread of corona virus. Governments had to enact stringent regulations on travel and tourism due to the COVID-19 pandemic in order to stop the virus’s spread. This put a stop to MICE (business incentive, conferencing, and exhibition) travel.

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

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

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

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

In this policy, the government proposed an incentive of $63.01 for the event organizer per foreign participant staying over, up to a maximum of $6,301.16, to encourage international events. The players operating in the global outbound MICE industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market.

The key players profiled in this report are 360 Destination Group, Access Destination Services, ATPI LTD., BCD GROUP (BCD MEETINGS & EVENTS), BI Worldwide, Carlson Wagonlit Travel (CWT Meetings & Events), CIEVENTS, Conference Care Ltd., Creative Group, Inc., CSI DMC, IBTM, ITA Group, MARITZ, Meetings & Incentives Worldwide, Inc., ONE10, LLC, The Freeman Company, and The Interpublic Group of Companies, Inc.

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Key findings of the study

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

Trendings Report:

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

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Vinyl Windows Market Size, Top Companies, Outlook and Forecast by 2031

The Vinyl Windows Market was valued at $26.54 billion in 2021 and is estimated to reach $41.41 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031, based on a recent report published by Allied Market Research. Some of the key factors that are expected to drive the growth of the market include rapid advancement by market players, a surge in residential & non-residential construction, and an increase in remodeling budgets. 

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Top Companies

A&B Glass Group, Acadia Windows & Doors, ABC Windows, All Weather Windows, Alternative Windows, Anglian Home Improvements, Anderson Corporation, Chelsea Building Products Inc., Croft LLC, Crystal Windows Co., Harvey Buildings Products, International Window Corporation, Intus Windows, Pella Corporation, Paradigm Windows, Stanek Windows, SoftLite Windows & Doors.

Manufacturers are offering increased customization options, enabling homeowners to choose window shapes, sizes, colors, and finishes that align with their unique vision. With the growing emphasis on energy efficiency, manufacturers have developed vinyl windows with multiple panes, inert gas fills, and low-emissivity (low-E) coatings to enhance insulation and reduce energy consumption.

The report offers detailed insights into the business strategies employed by these key players, including mergers, PESTAL analysis, SWOT analysis, research and development initiatives, RISK analysis, acquisitions, partnerships, product launches, expansion of production facilities, and collaborations. It presents an updated overview of the vinyl windows market dynamics influenced by these major global players.

Research Methodology:  

Research reports use a primary and secondary methodology that uses data from top-down and bottom-up approaches as well as research to validate the estimated numbers. The precise sources and relevant stakeholders were used to gather the data used to estimate market size, share, and forecast for various segments and sub-segments at the global, domestic, and regional levels.

One of the primary factors driving the growth of the vinyl windows market is the global expansion of the residential construction and renovation sector. The rise in demand for lightweight vinyl windows in the residential construction industry for the purpose of insulation, as well as the increased adoption of these panels because they offer features such as lowering thickness, high insulation, and super sealing, all of which are important in building structures, is propelling the market forward.

Vinyl windows are made from polyvinyl chloride (PVC), a versatile and robust material that offers a myriad of benefits to homeowners and builders alike.

Energy Efficiency: With a growing focus on sustainable living, energy-efficient features are paramount. Vinyl windows excel in this aspect, as they are excellent insulators. They prevent heat transfer, keeping indoor spaces comfortable while reducing heating and cooling costs.

Low Maintenance: Unlike traditional wood windows that require regular painting, staining, and sealing, vinyl windows are virtually maintenance-free. They are resistant to rot, peeling, and cracking, making them a cost-effective, long-term investment.

Durability: Vinyl windows are built to withstand the elements. They are resistant to moisture, UV rays, and temperature fluctuations, ensuring they maintain their structural integrity and aesthetic appeal over time.

Affordability: Vinyl windows are often more budget-friendly compared to other window materials like wood or fiberglass. This makes them an attractive option for homeowners looking to upgrade their windows without breaking the bank.

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Various countries are investing in residential sector due to rise in population and for better living standards. For instance, in December 2019, new residential construction targets were introduced by the German government. Several incentive schemes for efficient residential buildings and refurbishment were updated and relaunched at the beginning of 2020 to help meet these goals. Hence, due to rise in population, these investments in construction sector will increase the utilization of vinyl windows. All such factors are providing lucrative opportunities in vinyl windows market forecast period.  

Vinyl windows are not exempt from the wave of smart home technology. Some innovative designs incorporate smart features like integrated blinds, self-tinting glass, and remote-controlled ventilation systems. To cater to those who appreciate the aesthetic of wood, vinyl windows with realistic wood-grain finishes have become popular. This provides the timeless appeal of wood without sacrificing the benefits of vinyl.

As environmental concerns take center stage, the vinyl windows market has responded by adopting more sustainable practices. Many manufacturers are now producing vinyl windows with recycled materials, reducing waste and minimizing their carbon footprint. Additionally, the energy efficiency of vinyl windows contributes to reducing overall energy consumption in homes, aligning with eco-conscious living.

Market Segmentation: 

Global Vinyl Windows Market, By Type- 

Casement Window 

Picture Window

Gliding Window

Single and Double-Hung Window

Others

Global Vinyl Windows Market, By Application-

Renovation and Reconstruction

New Construction

Others

Global Vinyl Windows Market, By End User-

Residential

Non-Residential

Others

Global Vinyl Windows Market, By Region- 

North America: (including the United States, Mexico, and Canada).  Europe: (including the UK, France, Netherlands, Spain, Italy, Russia, Germany, and the Rest of Europe).  Asia-Pacific: (including Japan, India, China, Singapore, Australia, South Korea, and the Rest of Asia-Pacific).  Latin America, Africa, and the Middle East: (including the UAE, Saudi Arabia, Egypt, Nigeria, and South Africa).

In a market where trends come and go, vinyl windows have stood the test of time due to their numerous advantages, affordability, and evolving innovations. As homeowners continue to seek energy-efficient, low-maintenance, and visually appealing solutions, vinyl windows are poised to maintain their significant market presence. Whether it’s for a traditional or contemporary home, vinyl windows offer a durable and customizable option that marries functionality with aesthetic appeal. So, if you’re considering a window upgrade, don’t overlook the enduring charm of vinyl windows.

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Refurbished Fitness Equipment Market Expected to Reach $1.9 Billion by 2031| Origin Fitness Ltd, Primo Fitness, Brunswick Corporation

According to a new report published by Allied Market Research, titled, “Refurbished Fitness Equipment Market,” The refurbished fitness equipment market was valued at $1.1 billion in 2021, and is estimated to reach $1.9 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031.

The refurbished fitness equipment market was valued at $1,084 million in 2021 and is estimated to reach $1,861.4 million by 2031, registering a CAGR of 5.7% from 2022 to 2031. In 2021, the cardio refurbished fitness equipment segment accounted for the majority of the total refurbished fitness equipment market. 

Refurbished fitness equipment is old fitness equipment that has been repaired by replacing certain crucial parts of the equipment in order to provide a new-like appearance and functionality. They are most commonly almost indistinguishable from new fitness equipment in appearance and functionality except on closer, minute inspection.  

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Increasing health and fitness awareness amongst consumers is leading to the creation of several new gyms and fitness centers. Furthermore, the increasing prevalence of obesity and weight-related disorder and diseases is also leading to greater participation in fitness activities among consumers. The creation of new gyms and fitness centers provides lucrative opportunities for growth in the refurbished fitness equipment market. 

Refurbished fitness equipment requires greater maintenance compared to new fitness equipment as the majority of the parts of refurbished fitness equipment are older. This can lead to consumer frustration and can create a negative impact on the sale of refurbished fitness equipment. Improvement in the refurbishing processes and reduction in the maintenance requirements can help increase the Refurbished Fitness Equipment Market Demand. 

In 2021, the residential use of refurbished fitness equipment was significantly higher owing to an increase in the consumer inclination toward building home gyms and fitness centers. Supplemented by the lower costs of fitness equipment, consumers could easily purchase any refurbished fitness equipment according to their requirements, which helped the residential refurbished fitness equipment segment dominate the market. However, the commercial use of refurbished fitness equipment is also increasing, which will help the Refurbished Fitness Equipment Market Growth in the future. 

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The refurbished fitness equipment market is segmented on the basis of type, end user, distribution channel, and region. By type, the refurbished fitness equipment market is classified into cardio equipment, weight training equipment, and others. Depending on end users, the market is categorized into residential and commercial. According to distribution channels used for the sale of refurbished fitness equipment, the market is segmented into offline and online channels of sale. By region, the market is divided across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest Of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). 

Cardio refurbished fitness equipment accounted for more than half of the Refurbished Fitness Equipment Market Size and the refurbished weight training fitness equipment market is predicted to grow with a CAGR of 6.2%. the use of refurbished fitness equipment was higher for residential applications and the use of refurbished fitness equipment for commercial establishments is rapidly increasing. Online sales channels were the most popular mode of purchase of refurbished fitness equipment in 2021and it is expected to maintain its dominance in the future owing to the ease of purchase and larger varieties of refurbished equipment available online. 

North America was the largest shareholder in terms of refurbished fitness equipment sales in the base year owing to the presence of the world’s largest fitness equipment manufacturers and refurbishers in the region. Europe ranked second in terms of fitness equipment refurbishing with a presence of a large number of refurbishers. Asia-Pacific is expected to witness the highest growth during the forecast period due to the rapidly emerging smaller fitness equipment refurbishers in the region and newer Refurbished Fitness Equipment Market Trends emerging in the region. 

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Key findings of the study 

  • By type, the cardio equipment segment dominated the market in 2021 and the weight training equipment is likely to have the highest growth during the forecast period. 
  • By end user, the commercial segment is anticipated to be the fastest-growing segment during the forecast period. 
  • By distribution channel, online channels had the highest market share in 2021 and are also expected to have the highest growth in the Refurbished Fitness Equipment industry during the forecast period.  

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

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Ride Sharing Market: Investment Opportunities and Business Development Strategies By 2030

According to a recent report published by Allied Market Research, titled, “Ride Sharing Market by Booking Type, Commute Type, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2020–2027,” the global ride sharing market was valued at $59.53 billion in 2020, and is projected to reach $205.83 billion by 2030, registering a CAGR of 13.2% from 2021 to 2030.    

Europe is the highest revenue contributor, followed by Asia-Pacific, North America, and LAMEA. On the basis of forecast analysis, Asia-Pacific is expected to 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 shared mobility services.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬- https://www.alliedmarketresearch.com/request-sample/14081

Ride sharing involves adding passengers to a private trip in which driver and passengers share a destination. Such an arrangement provides additional transportation options for riders while allowing drivers to fill otherwise empty seats in their vehicles. Traditional forms of ridesharing include carpooling and vanpooling. This service can be for short-or long-distance trips. Travelers share trip costs through ridesharing platforms that charge a fee for making the connection.

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

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭- https://www.alliedmarketresearch.com/ride-sharing-market/purchase-options

Ride-Sharing-Market---2021-2030

The factors such as rise in demand for ride-hailing and ride-sharing services, increase in demand from online taxi booking channels and increase 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 expected to offer lucrative opportunities for the market growth during the forecast period.

COVID-19 Impact Analysis:

Following the directions of the WHO for minimizing the spread of the virus, governments of various countries have set up lockdown and trade restrictions. In most of the countries across the world, shops and businesses have shuttered and offices have emptied out, and this has resulted in decrease in demand for taxi or cab services, which in turns, for ride sharing services. Social distancing norms and regulations implemented by government and healthcare authorities encourage citizens to maintain a two-meter distance from other persons for safety. This has restricted the usage of ride sharing services for daily commute.

Users prefer to travel in their own vehicles due to health and safety concerns, hampering the market size in 2020. However, major ride-sharing companies such as Ola, Uber, Grab, Didi, Lyft, and others are already feeling the pressure from the coronavirus pandemic as travel restrictions and lockdowns are increasing across the world. For instance, Lyft experienced a decrease in revenue by 36% year-on-year. In addition, according to the Canaccord Genuity pricing tracker, ride-share fares dropped by 6% month-over-month in 2020.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠- https://www.alliedmarketresearch.com/purchase-enquiry/14081

Key Findings Of The Study

  • By booking type, the online booking segment is expected to register a significant growth during the forecast period.
  • By commute type, the intercity segment is anticipated to exhibit significant growth in the future.
  • By vehicle type, the cars segment is expected to maintain the lead the global ride sharing market, owing to higher rate of car ride sharing.                                                       

The key players operating in the ride sharing market are ANI Technologies Pvt. Ltd. (OLA), Beijing Xiaoju Technology Co, Ltd. (Didi Chuxing), BlaBlaCar, Cabify Espana S.L.U., Careem, Gett, GrabTaxi Holdings Pte. Ltd., Lyft, Inc., Uber Technologies Inc., and Yandex.

Marine Engine Market : by Ship Type, Capacity, Fuel Type, Global Opportunity Analysis and Industry Forecast 2021-2030

According to a recent report published by Allied Market Research, titled, “marine engine market by ship type, capacity, and fuel type: global opportunity analysis and industry forecast, 2021–2030,” the global marine market was valued at $11.62 billion in 2020, and is projected to reach $18.09 billion by 2030, registering a CAGR of 4.7% from 2021 to 2030.

Presently, the global marine engine industry is dominated by Asia-Pacific followed by Europe, North America, and LAMEA. Asia-Pacific is expected to maintain significant growth in the global market particularly by China, South Korea, and Japan, owing to few distinct advantages such as increase in shipbuilding and marine component production in the region, owing to cheaper wages, strong government backing, and strong forward & backward linkage industries.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬- https://www.alliedmarketresearch.com/request-sample/1579

Key factors driving development of the global marine engine market include rapid GDP growth, strong economic growth, increase in global seaborne trade, surge in demand for marine freight transportation vessels, high demand of two stroke marine engines, and rise in water sports & leisure activities. However, rise in adoption of fully electric vessels and fluctuations in transportation and inventory costs are some noteworthy trends that hamper growth of the market.

Sales of marine engine is directly associated with shipbuilding and marine vessels sales activities across the globe. COVID-19 crisis is causing uncertainty in the marine engine market by delaying supply chains, hampering business growth and generating uncertain demand scenarios.

By fuel type, the marine engine market is segregated into heavy fuel oil, intermediate fuel oil and others. The heavy fuel oil accounted for the highest revenue in 2020, as heavy fuel oil is widely adopted across various marine vessels, owing to their cost-effectiveness.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭- https://www.alliedmarketresearch.com/marine-engine-market/purchase-options

Marine-Engine-Market

COVID-19 Impact Analysis

  • The COVID-19 impact on the marine engine market is unpredictable, and is expected to remain in force for a few years.
  • The COVID-19 outbreak forced governments across the globe to implemented stringent lockdown and ban import–export of essential raw materials items for most of 2020 & few months in 2021. This led to sudden fall in the availability of important raw materials for marine engines.
  • As a result of interrupted supply chains and production schedules caused by the COVID-19 pandemic, boat and engine manufacturers faced enormous losses in the first and second quarters of 2020.
  • Moreover, nationwide lockdown forced parts manufacturing facilities to partially or completely shut their operations
  • However, the world is gradually returning to normalcy in daily business activities by taking appropriate measures to halt virus spread. Increase in vaccination and decreasing fatality has improved the market scenario for ship refurbishment and shipbuilding, which is expected to boost demand for the global marine engine market

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠- https://www.alliedmarketresearch.com/purchase-enquiry/1579

Key Findings Of The Study

  • By ship type, the ferries and passenger ships segment is expected to register a significant growth during the forecast period.
  • By capacity, the 500 To 1000 Hp segment is projected to lead the global marine engine market.
  • By fuel type, the others segment is projected to lead the global marine engine market
  • Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

The key players operating in the global marine engine market include Caterpillar Inc., Cummins Inc., Hyundai Heavy Industries Co., Ltd, MAN Energy Solutions, Mercury Marine, Mitsubishi Heavy Industries Ltd, Rolls Royce plc, Volvo Penta, Wartsila, and Yanmar Holdings Co., Ltd.

Automotive Automatic Tire Inflation System (ATIS) Market : Growing at a CAGR of 13.3% from 2021 to 2030

According to a new report published by Allied Market Research, titled, “Automotive Automatic Tire Inflation System (ATIS) Market,” The automotive automatic tire inflation system (atis) market was valued at $658.10 million in 2020, and is estimated to reach $2,262.9 million by 2030, growing at a CAGR of 13.3% from 2021 to 2030.

North America dominates the automotive ATIS market in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. U.S. garnered the highest share in 2020; however, Asia-Pacific is expected to grow significantly during the forecast period, due to increase in demand for advanced vehicle features across the region.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬- https://www.alliedmarketresearch.com/request-sample/13046

An automatic tire inflation system is a technology used to inflate tires in an automotive while driving. The system maintains the air pressure inside the tire according to the road surface, vehicle load, and size & type of the tires. It consists of a compressor that passes air through the rotary joint fixed between the wheel spindle and wheel hub at each wheel via hoses, providing the rotary motion of wheel assembly. The improved automatic tire inflation system can enhance tire efficiency, increase fuel efficiency, and reduce tire wear by providing sufficient air in each wheel. For instance, in March 2018, SAF-HOLLAND SE launched the Tire Pilot Plus, an active tire pressure management system, at the 2018 Technology & Maintenance Council Annual Meeting in Atlanta that enables proper tire pressure across a trailer and protects tires, improves fuel efficiency, and optimizes uptime, thus reducing wear and associated costs.

In addition, the automotive automatic tire inflation system market has witnessed significant growth in recent years, with an upsurge in demand for commercial & off-road vehicles, owing to the expanding construction & mining industry. Furthermore, surge in demand for remote diagnostics systems and increase in vehicle connectivity globally drive the market growth.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭- https://www.alliedmarketresearch.com/purchase-enquiry/13046

Automotive Automatic Tire Inflation System Market, Automotive ATIS Market

Companies operating in the market have adopted collaborations, product launches, and R&D to increase their market share and expand their geographical presence. For instance, in March 2022, Meritor, Inc. collaborated with ConMet eMobility to develop trailer suspensions, brakes, and tire inflation systems that enable the production of zero-emissions refrigerated trailers, including specifically engineered spindle package to be compatible with ConMet’s eHub. Moreover, R&D-based activities in the automatic tire inflation system market are driving the market growth. In March 2021, Parker Hannifin Corp launched its central tire inflation system (CTIS) for off-highway vehicles that offer extended tire pressure operating ranges and allows the driver to optimize tire inflation from the cab with the simple push of a button to provide more excellent reliability during harsh environmental conditions such as mud, dust, snow, and ice.

The global automotive automatic tire inflation system market has been segmented into product type, application, sales channel, and region. Depending on product type, the market is bifurcated into central tire inflation and continuous tire inflation. By application, it is fragmented into light duty vehicles and heavy-duty vehicles. On the basis of sales channel, it is categorized into original equipment manufacturers (OEMs) and aftermarket. Region wise, the global automotive automatic tire inflation system market has been studied across North America, Europe, Asia-Pacific, and LAMEA.

Factors such as increase in demand for all-terrain and military vehicles, high demand for safety features in vehicles, and rise in need for comfort while driving boost the market growth. However, the market growth is restrained by factors such as high implementation cost & configuration complexity and nitrogen tires substituting compressed air tires. On the contrary, technological advancements and integration of ATIS with telematics are anticipated to create ample opportunities for the growth of the market across the globe.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠- https://www.alliedmarketresearch.com/purchase-enquiry/13046

KEY FINDINGS OF THE STUDY

  • By product type, the continuous tire inflation segment is expected to register a significant growth during the forecast period.
  • Depending on application, the light-duty vehicle segment is anticipated to exhibit significant growth in the near future.
  • On the basis of sales channel, the aftermarket segment is projected to lead the global automotive automatic tire inflation system market.
  • Asia-Pacific is anticipated to register the highest CAGR.

COVID-19 IMPACT ANALYSIS

  • The COVID-19 crisis creates uncertainty in every market, including the automotive sector. The closure of assembly plants and large-scale manufacturing interruptions has led to the decline in global demand for automobiles, indirectly affecting the automotive automatic tire inflation system market.
  • Governments across different regions announced total lockdown and the temporary shutdown of industries, leading to the border closures that restricted the movement of transportation services.
  • The COVID-19 health crisis forced the automotive industry to look for alternate sources and prioritize import substitution with their production activities & supply chain.
  • However, the overall service activities of market players have registered a steady and favorable recovery in the subsequent months with the normalization of trade regulations and vehicle production, which is expected to boost the automatic tire inflation system market in post-2020.
  • As per the current scenario, the overall world is getting back on track slowly; with the new restrictions and policies. Thus, the resumption of operations by various automakers in several parts of the world is expected to boost the growth of the automatic tire inflation system market from 2021 onward. This will positively impact the market during the forecast period

The key players operating in the global automotive automatic tire inflation system market are Aperia Technology Inc., Bigfoot Equipment LTD., Dana Limited, FTL/IDEX, Hendrickson USA, LLC, Meritor, Inc., Parker Hannifin Corp., SAF-HOLLAND SE, The Goodyear Tire & Rubber Company, and ti.systems GmbH