A Market Place Research – Page 2633

CFRP Market Share to Generate $15.4 Billion By 2030 | Major Companies, Strategies and New Trends

According to a new report published by Allied Market Research, titled, “Carbon Fiber Reinforced Plastic (CFRP) Market by Raw Material, Resin Type, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global carbon fiber reinforced plastic (CFRP) market was valued at $7.0 billion in 2020, and is projected to reach $15.4 billion by 2030, growing at a CAGR of 8.3% from 2021 to 2030.

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The CFRP market is driven by the increasing demand for lightweight products in the automotive industry and growing need of high-performance products in the aerospace & defense industry. Aerospace & defense projects such as Boeing and Airbus are the primary drivers for growth and development of the CFRP market. Structural material in aircraft such as paneling interiors are made using CFRP products. Excellent mechanical properties such as high tensile strength, fuel efficiency, impact resistance, and reliability make them ideal for use in the aerospace & defense industry. CFRP, being the lightweight material, would improve fuel consumption. Furthermore, the increase in number of electric vehicles fuels the need for CFRP products in the automotive industry. CFRP products are employed in the manufacture of hoods, wheels, front gearing, spars, wings, root, fairings, nacelle, flight controls, and engines in different industries such as automotive & defense and wind turbines. However, high costs of CFRP and long production cycles is expected to restrain the market growth.

The thermosetting segment accounted for more than two-thirds of the market revenue in 2015 and would continue to lead the market until 2030. This was attributed to its mechanical properties such as tensile strength, compressive strength, hardness, and temperature independence. Thermosetting resins are mostly applicable in high-temperature applications, such as encapsulations, as they retain their mechanical properties over a wide range of temperature. The epoxy resin segment accounted for more than 60% share in world thermosetting CFRP market, in terms of both market volume and revenue, in 2015. The polyester resin and Vinyl resin thermosetting CFRP market segments exhibit potential growth opportunities during the forecast period. The consumption of vinyl resin thermosetting CFRP was about 7,708 tons in 2021 and would reach 15,010 tons by 2030, growing at CAGR of 10%.

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Top Investment Pockets

Polyester resin CFRP is the most prominent segment and is expected to be the first preference for market players, due to its low cost and ability to mold according to end-user requirement. It also offers ease of handling, dimensional stability, and resistance to chemicals.

Increase in Demand for Lightweight Products in Automotive Industry

CFRP market products offer higher weight saving and thus a better fuel economy than the traditional materials such as steel and aluminum. Vehicle manufacturers are obliged to reduce the average energy consumption of vehicles, and this goal can be met using lightweight products. In addition, increased demands for eco-friendly and low VOCs products in vehicles enhance the need for CFRP products in automotive industry.

Rise in Demand for High Performance Products in Aerospace & Defence

Aerospace industry has strict performance product requirements for applications in commercial aircrafts, engines, satellites, helicopters, and launchers. Structural material in aircrafts such as panelling interiors are made using CFRP products.

Raw Material Availability and Volatile Costs

Though CFRP products offer such high weight savings, the price of CFRP products is approximately 10 times higher than the price of steel counterparts, which makes it difficult for CFRP products to expand in domestic markets. Only ultra-expensive vehicle manufacturers like Lamborghini use CFRP products for their supercars, which leads to uncertainty in supply of carbon fiber in automotive sector.

Long Production Cycles

CFRP products are manufactured through long production cycles, which leads to less production of goods in a specific time interval, limiting the use of CFRP products in applications where higher number of products are required in a short time interval.

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Increase in Applications in Building & Construction Sector

CFRP materials are used for making columns, piers, pylons, and reinforcing structures such as architectural memorials and hydrotechnical facilities. Due to conductivity of CFRP materials, they can be used as a shield material against electromagnetic interference. Large number of R&D activities are in process and key players are investing heavily for use of CFRP materials as main building materials.

Growth in Usage in Medical Science

Growing usage of CFRP products in implants, spine surgery, orthopedic trauma, high tibial osteotomy, and musculoskeletal oncology is expected to increase the demand for CFRP materials in the medical industry.

There are myriad growth drivers for the world CFRP market including increasing usage of CFRP products in automotive industry, rising demand for high performance products in aerospace & defence industry, and growing application scope in building & construction and wind turbines. Polyacrylonitrile (PAN) accounts for a major share in CFRP market by raw material attributing to lower material cost, higher char yield and high degree of orientation. High adoption of CFRP products in medical industry and increasing demand from emerging economies like Asia-Pacific offer various growth opportunities. Though conductivity of CFRP materials and high volatile costs can restrict the growth of this market.
The market, with its surging demand in end applications, has witnessed high growth during the past few years, and this growth trend is estimated to continue in the future too. Key players are investing in R&D activities for increasing the existing applications of products formed and development of new innovative products.

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Home Medical Equipment Market In-Depth Analysis, Business Revenues, Qualitative Analysis and Forecast 2027

Increase in prevalence of chronic diseases, surge in geriatric populations, and technological advancements drive the growth of the U.S. home medical equipment market. However, limited expertise for home-based users and complications associated with use of medical equipment hinder the market growth. On the contrary, surge in demand for home medical equipment is expected to open new opportunities for the market players in the coming years.

According to the report published by Allied Market Research, the U.S. Home Medical Equipment Market was accounted for $11.53 billion in 2019, and is expected to reach $20.41 billion by 2027, growing at a CAGR of 5.6% from 2020 to 2027. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, growth of the U.S. home medcial equipment market is attributed to rise in prevalence of chronic diseases such as diabetes, and respiratory diseases across the U.S. Furthermore, technological advancements related to home medical equipment, and increase in geriatric population in U.S. are the other factors that contribute to the growth of market.

Surge in prevalence of chronic diseases such as diabetes and high blood pressure in the U.S. is the major factor that propels the market growth. Furthermore, steep growth in technological advancements such as designing equipment that are portable and easy to access by patients, is expected to help the industry gain traction during the forecast period. In addition, increase in elderly population and individuals who are highly susceptible to injuries or medical conditions that require medical assistance are anticipated to help the industry propel in the coming years. However, high cost associated with the medical equipment is expected to hinder growth of the market.

Covid-19 scenario:

Since the Covid-19 outbreak, the medical equipment industry has witnessed positive growth. The rise in self-isolation treatments in home has increased the demand for home medical equipment in the U.S. In addition, the devices such as oxygen delivery equipment, continuous positive airway pressure equipment, oxygen concentrators, ventilators, blood glucose monitors, and blood pressure monitor witness increased demand.
Increase in technological advancements such as medical beds, stair lifts, and lift chairs for mobility assistance fueled the market growth.

The U.S. home medical equipment market is segmented on the basis of functionality and distribution channel.

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Key Findings Of The Study

By functionality, the therapeutic equipment segment held largest market share in 2019, and is expected to remain dominant throughout the forecast period.
On the basis of distribution channel, the retail pharmacies segment held largest market share in 2019, and is expected to remain dominant throughout the forecast period.

The U.S. home medical equipment market includes an in-depth analysis of the prime market players such as Baxter International Inc., Abbott Laboratories, Becton, Dickinson and Company, B. Braun Melsungen AG, Hill-Rom Holdings, Inc., General Electric Company (GE Healthcare), Johnson & Johnson (Depuy Synthes), Invacare Corporation, Medtronic Plc., and Smith & Nephew Plc.

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Greek Yogurt Market To Be Register The Revenue Value Of $11.2 billion by 2027

According to a new report published by Allied Market Research titled, “Greek Yogurt Market by Type, Flavor, Distribution Channel, and Source: Opportunity Analysis and Industry Forecast, 2020–2027,” The Greek yogurt market size was valued at $7.2 billion in 2019, and is projected to reach $11.2 billion by 2027, growing at a CAGR of 10.9% from 2020 to 2027. Europe dominated the market in 2019, accounting for 44.1% of the total market share. The Greek yogurt market exhibits an incremental revenue opportunity of $4.0 billion from 2019–2027.

Global brands such as Danone, and Chobhani, LLC are bringing new line of innovative yogurts in their milk products range to provide different varieties of products for consumers, and producing healthy solutions. Innovative product offerings such as fully organic, no-sugar products, Non-GMO products, by private labels as well as global brands for specific target group such as ethnic population, working population, athletes, and children is increasing the regional demand for Greek yogurt. In addition, commercialization of different types of yogurt products in the global market is anticipated to provide revenue growth for the Greek yogurt market industry during the forecast period.

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The Greek yogurt market holds a substantial scope for the market growth. The market is currently in its growth stage; however, its contribution to the global market is expected to increase significantly during the forecast period. Increase in demand of flavored yogurt has enforced the market to produce innovative products such as strawberry, blueberry, and vanilla flavors. Growth of the global population and rise in per capita income boost the market growth, thus increasing the production of dairy items. The change in taste and preference of consumers affected the sales in response to dietary concerns for manufacturers to develop differentiated products. Numerous players are entering the Greek yogurt market with innovative food products, using milk as their base. Emerging innovative food items are expected to increase the market competition in the years to come.

The Greek yogurt market is segmented into type, flavor, distribution channel, source, and region. By product type, it is categorized into whole milk, low fat, and nonfat. By flavor, it is classified into plain, strawberry, blueberry, vanilla, and others. By distribution channel, the market is divided into supermarket/hypermarket, convenience stores, online stores, and others. By source, it is bifurcated into organic and conventional. By region, the Greek yogurt market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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North America and Europe are known to be the dominant regions in the Greek yogurt market analysis. European countries have witnessed higher rate of traction for Greek yogurt owing to the increased demand from the consumers. Some of the key macroeconomic factors such as rise in health awareness and surge in per-capita income also play an important role in contributing toward the overall growth of the Greek yogurt market.

However, Asia-Pacific Greek yogurt market is expected to exhibit significant growth in the future, owing to rise in demand for different types of fermented milk products such as yogurt, butter, and cheese consumed in fast food products. In addition, the region has witnessed considerable surge in the number of millennials, who are the forefront consumers of fermented milk products. Therefore, rise in millennial population is anticipated to offer remunerative opportunity for the growth of the Greek yogurt market.

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Key Findings Of The Study

The low fat products segment is expected to grow at a CAGR of 11.1% during the forecast period.
Europe is anticipated to dominate the Greek yogurt market growth, registering a CAGR of 10.5%.
Conventional Greek yogurt is projected to contribute with highest Greek yogurt market share during the forecast time period, with around 95% market share in 2027, and CAGR of 10.8%
The supermarket/hypermarket distribution segment is anticipated to dominate the global Greek yogurt market, with a CAGR of 11.3% during the forecast period.
The strawberry segment is estimated to grow at a CAGR of 10.8% during the forecast period.

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The global market is fragmented with the presence of several market participants across various regions. The strong presence private label brands offers tough competition to the global players. The key players operating in the global Greek yogurt market include Chobani Global Holdings, Inc., FAGE International S.A, General Mills Inc.(Yoplait), Danone S.A., Stonyfield Farm (lactalis), Nestlé S.A., Unternehmensgruppe Theo Müller, The Hain Celestial Group (The Greek Gods), The Kroger Co., and Wallaby Organic.

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Energy Bar Market Top Players, Trends, Share, Industry Size, Challenges|Brighter Foods Ltd, Cliff Bar & Company, General Mills

According to a new report published by Allied Market Research, titled, “Energy Bar Market by Type, Nature, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2028,” The energy bar market size is expected to reach $1,010.9 million by 2028 at a CAGR of 6.4% from 2021 to 2028.

An energy bar is a healthy snack bar made up of nutritional ingredients that are designed to increase energy and endurance. The main feature that sets it apart from other protein and snack bars is its high carbohydrate and sugar content, which contributes to its high energy value.

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The rise in number of health-conscious consumers, increase in awareness of the benefits of energy bars, entry of new market players, and growth of digital marketing are the primary drivers of the market. Moreover, as more athletes and social media influencers continue to endorse energy bars, the global sale of energy bars is expected to rise steadily in the coming years. During the forecast period, these factors are expected to propel the growth of the energy bar market.

In 2020, the outbreak of the COVID-19 pandemic had an impact on the global energy bar market growth. Retail stores, malls, supermarkets, and other sales channels were closed or still remain close as a result of strict lockdowns imposed by governments across the world. However, several brands have shifted their focus to e-commerce platforms to generate revenue and increase sales during the lockdown. Offline sales are increasing at the moment as government lockdown restrictions are gradually lifting in several countries.

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The global energy bar market segmentation is done on the basis of type, nature, distribution channel, and region. On the basis of type, the market is categorized into protein bar, nutrition bar, cereal bar, and fiber bar. As per nature, it is divided into organic and conventional. According to distribution channel, it is fragmented into hypermarkets & supermarkets, convenience stores, specialty stores, and online sales channel.

By type, the protein bar segment garnered the highest energy bar market share in 2020 according to energy bar market forecast due to increased consumers’ preference for portable convenience foods. On the basis of nature, the organic segment is anticipated to dominate with the highest energy bar market share during the forecast period.

Depending on distribution channel, the specialty stores segment led the market in 2020. This is attributed to the fact that specialty stores offer options such as discounts and convenience of instant gratification. Region-wise, North America is expected to dominate the market. The growing demand for functional food, indulgence, meal replacement, and on-the-go snacking is driving the growth of the energy bar market in North America.

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Key Benefits For Stakeholders

This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global energy bar market from 2021 to 2028 to identify the prevailing market opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis of the 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.
The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
The report includes analysis of the regional as well as the global market, key players, market segments, application areas, and growth strategies.

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Product launches, mergers & acquisitions, joint ventures, and geographical expansions are the key strategies adopted by players in the market. The key players in the global energy bar market industry include Brighter Foods Ltd, Cliff Bar & Company, General Mills Inc, Kind LLC, McKee Foods Corporation, NuGo Nutrition, Premier Nutrition Inc, Probar LLC, Quest Nutrition, and Kellogg Company.

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Deep Fryer Market To Be Hit CAGR Of 3.6% By 2026|AB Electrolux, Ali Group Srl, Breville Group

According to a new report published by Allied Market Research, titled, “Deep Fryer Market by End Use and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019–2026,” the global deep fryer market size was $487.6 million in 2018, and is expected to reach $612.5 million by 2026, registering a CAGR of 3.0% from 2019 to 2026.

Deep fryers are kitchen appliances used for frying food. The temperature of oil used for cooking food ranges from 170 °C to 200 °C. Deep fryers are generally used for commercial purposes, however, deep fryers for residential purposes have been launched by the leading players and have gained prevalence over the last few years.

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Rapid growth of the food service industry is expected to provide major impetus to the growth of the global deep fryer market. Hectic lifestyles have resulted in changing of consumers eating habits. As a result, HORECA industry have seen widespread expansion across both developing and developed regions. Some of the appetizers including but not limited to French fries, cheese fritters, onion rings, fried fish sticks, mozzarella sticks, scotch eggs, fried chicken tenders & cutlets, potato chips, fried zucchini disks, banana & pineapple fritters and doughnuts are deep fried.

Deep fryers along with accessories are used extensively in Hotel, restaurant and cafe (HORECA) industry. Now-a-days advanced deep fryer with alarms and timers have seen high demand from the commercial space. Furthermore, automatic deep fryers that can automatically raise and lower the basket in and out of the oil once the food has been fried have gained significant attention from the engaged stakeholders. In addition, advanced deep fryers with ventilation systems used to exhaust frying odors from the kitchen equipped with oil filtration system to improve the re-usability of the same amount of oil has been trending in the deep fryer market.

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The global deep fryer market is segmented into end use, distribution channel and region. Based on end use, the global market is studied across residential and commercial. Depending on distribution channel, the market is segmented into offline and online. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA

Based on end user, the global market is studied across residential and commercial. The commercial segment leads in terms of the deep fryer market share owing to high adoption rate of deep fryers in HORECA and QSR industry. However, it is gaining traction with the launch of deep fryers specially for residential segment.

Based on distribution channel, the global deep fryer market is segmented into offline and online channels. The offline channel leads in market share; however, consumers from the residential segment are now extensively using online channel for buying deep fryers. In addition, leading players in the deep fryers market are strengthening their digital presence to cater to the growth in demand from consumers.

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Key Findings of the Study:

Asia-Pacific leads in terms of deep fryer market revenue share and is expected to retain its dominance during the forecast period.
Commercial segment generates highest revenue in the deep fryer market analysis.
Based on distribution channel, offline segment accounted for about 88% of the global deep fryer market share in 2018. However, the online segment is expected to witness robust growth with a CAGR of 4.4%, during the forecast period.
Based on region, Asia-Pacific is anticipated to grow with robust CAGR of 4.0% during the forecast period.

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Some of the key players operating in the deep fryer market includes AB Electrolux, Ali Group Srl, Breville Group, Fagor Industrial, Groupe SEB, Henny Penny, Newell Brands, Taurus Group, TTK Prestige Ltd., Welbilt, Inc. among others

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Donkey Milk Market To Be Register CAGR Of 9.4% By 2027|Asinus Atlanticus S. A., Dolphin IBA, Donna Tina Farm

According to a new report published by Allied Market Research, titled, Donkey Milk Market by Application and Form: Global Opportunity Analysis and Industry Forecast, 2021–2027,” the global donkey milk market size was valued at $28,180 thousands in 2019, and is projected to reach $68,139.0 thousands by 2027, registering a CAGR of 9.4% from 2021 to 2027. Increase in use of donkey’s milk in various cosmetics and personal care products such as creams, soaps, moisturizers, and others drives the growth of the global donkey’s milk market. Moreover, cosmetics industry has evolved in countries such as the U.S., Canada, and Italy; therefore, the market is growing at a steady rate in these countries. Furthermore, to improve sales, manufacturers of cosmetics products are capitalizing on rise in consumer interest towards natural ingredients. In addition, the ongoing trend of clean label and advanced natural ingredients is providing added advantage to the producer for producing further new products. Thus, surge in demand for natural ingredients and ongoing trend of clean label are expected to drive the growth of the donkey milk market.

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The global donkey milk market is expected to witness significant growth, owing to increase in uses of donkey milk in food & beverages products such as chocolate bars, cheese, cheddar, and others. Moreover, donkey milk is similar to human mother’s milk and it is also a substitute for toddler affected by cow milk protein allergies. Apart from this, it helps strengthen immunity and other respiratory tract infections such as cough, tuberculosis, pneumonia, bronchitis, and asthma, which further boost the growth of the donkey milk market.

The outbreak of COVID-19 has positively impacted the donkey milk market in 2020, as sale of companies has increased, owing to its high nutritious properties. In addition, according to the Food and Agriculture Organization (FAO), donkey’s milk can be a component of a balanced diet, milk, and dairy products and it can be an important source of dietary energy, fat, and protein. Furthermore, increase in adoption of donkey’s milk due to high vitamin content and ability to boost the immune system, during the COVID-19 pandemic to keep the immune system well drives the market growth.

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The donkey milk industry has been segmented on the basis of application, form, and region. Based on application, the market is bifurcated into cosmetics & personal care and food & beverages. On the basis of form, the market is categorized into liquid and powder. Region wise, the market is studied across North America, Europe, Asia, and rest of World.

Based on application, the donkey milk market is bifurcated into cosmetics & personal care and food & beverages. Cosmetics & personal care constitute a major donkey milk market share; however, the food & beverages segment is projected to experience growth at the highest CAGR during the donkey milk forecast period. Increase in use of donkey milk as an ingredient in cosmetic and personal care product such as cream, soap, lotion, and other significantly contribute toward the growth of the market.

On the basis of form, the market is categorized into liquid and powder. The powder segment holds the largest market share, accounting for around 63.5% of the total revenue in 2019, followed by liquid segment. This is attributed to increase in demand for powder form in cosmetics & personal care industry across the globe.

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Key Findings Of The Study

Based on application, the donkey milk market is bifurcated into cosmetics & personal care and food & beverages. Cosmetics & personal care constitute a major donkey milk market share; however, the food & beverages segment is projected to experience growth at the highest CAGR during forecast period.
On the basis of form, the donkey milk market is categorized into liquid and powder. The powder segment holds the largest market share, accounting for around 63.5% of the total revenue in 2019, followed by liquid segment.
By region, Europe accounted for highest market share in 2019, and is expected to grow at a CAGR of 8.1%.

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The key players profiled in the donkey milk industry report include Asinus Atlanticus S. A., Dolphin IBA, Donna Tina Farm, Eurolactis Italia Srl, Golden Donkeys Farm, Hellenic Asinus Farms, Stephenson Group Ltd, The Donkey Dairy PTY LTD, The White Sea & Baltic Company Limited, and Vro Enterprises.

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Algorithmic Trading Market: Top Driving Factors That Could Escalate Market Growth Worldwide, Report

Emergence of AI and various algorithms in financial services and rise in demand for cloud-based solutions present new opportunities in the new few years. Increase in demand for rapid, reliable, and effective order execution, supportive government regulations, and demand to reduce the costs of transaction fuel the growth of the global algorithmic trading market.

Major market players – 63MOONS, Virtu Financial, Software AG, Refinitiv Ltd. MetaQuotes Software Corp. Symphony Fintech Solutions Pvt Ltd. Argo SE, Tata Consultancy Services, Algo Trader AG, and Tethys.

The global algorithmic trading market garnered $12.14 billion in 2020, and is expected to garner $31.49 billion by 2028, manifesting a CAGR of 12.7% from 2021 to 2028.

Covid-19 Scenario:

Traders have been inclined to opt for algorithmic trading for reducing human errors and taking fast decisions during the times of uncertainty that arose due to the Covid-19 pandemic.
Moreover, increase in popularity of high-frequency traders (HFT) has been experienced during the pandemic, which led to the growth of the algorithmic trading market.
Novel algorithmic trading products have been launched to carry out better decision-making than before and cater to the rise in volumes of trading.

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The report offers detailed segmentation of the global algorithmic trading market based on component, type, deployment mode, type of traders, and region.

By region, North America held the highest share in 2020, contributing to more than two-fifths of the total market, and is expected to continue its dominance by 2028. However, Asia-Pacific is projected to witness the fastest CAGR of 15.3% during the forecast period.

By component, the solution segment contributed to the highest share in 2020, accounting for nearly two-thirds of the total market share, and is expected to maintain its lead during the forecast period. However, the services segment is projected to witness the highest CAGR of 13.8% from 2021 to 2028.

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By type, the stock markets segment accounted for the largest market share, contributing to more than one-fourth of the global algorithmic trading market in 2020, and is projected to maintain its leadership status during the forecast period. However, the cryptocurrencies segment is expected to portray the largest CAGR of 16.9% from 2021 to 2028.

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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.

Folding Bed Market Analysis By Growth Rate, Future Demand and Leading Players Updates by Forecast to 2021-2030

Allied Market Research published a new report, titled, “Folding Bed Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

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The demand for folding beds in the residential sector dominates the market, and it is expected to register a healthy CAGR during the forecast period. The increasing residential construction activity across the world increases the demand in the market. The commercial segment is expected to contribute significantly to the market as the increased construction of commercial areas with restricted space will require a compact piece of furniture.

Customers are opting for more convenient ways of buying folding bed by shifting to e-commerce purchases. Lack of transparency of details and inconsistent pricing is affecting the consumer to make a buying decision. As the world is moving towards digital business and mostly all transactions are occurring on the digital platform. It’s an opportunity for the companies to interact with the consumers recognize their wants. A clear message about the product detail and proper mentioning of the price without any hidden charges will motivate the customer to approach the purchase.

The investment in the healthcare sector will increase the construction of hospitals and other healthcare centers. The new hospitals and health care centers will require folding beds for filling up the wards or cabins. A folding bed is compact in structure and will take less space than a conventional bed. The increase in the sale of folding bed will fuel the growth of the folding bed market.

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Rapid economic expansion, increased disposable income, and restricted access to land will give several chances for the growing folding bed sector. In addition, there has been significant growth in demand for wooden folding bed due to increasing living standards and economic conditions.

High manufacturing expenses might hinder the expansion of the sector. Changes to labour legislation and limited access to skilled workers resulted in higher pay and higher production costs. The raw materials used to make a folding bed are also strongly dependent on shifting housing patterns and outdoor activities that impact the entire development of the business. A limitation of supply owing to lack of trained employees affects the increased need for folding bed.

The key market players profiled in the report include Hussey Seating Company, Ashley Furniture Industries, Inc., Leggett & Platt, Inc., Dorel Industries, Inc., Haworth, Inc., Flexsteel Industries, Inc., Ikea Holding B.V., Murphy Wall Beds Hardware, Inc., Maxchief Europe S.L., and Expand Furniture, Inc.

COVID-19 Impact Analysis

○ The shift in operations and seller’s actions affected output. Hypermarkets and convenience stores have been closed, resulting in a gap in demand and supply.
○ With restricted work availability, a renewed supply of raw material and a logistic difficulty, the production process for folding bed has become an obstacle for enterprises.
○ Consumers had shifted their interest toward essential goods and had no requirement for folding bed during the lockdown period. After lockdown, the demand is likely to grow as a limitation on outdoor movement will be eased.

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Key Benefits of the Report

○ This study presents the analytical depiction of the folding bed 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 detailed analysis of the folding bed market share.
○ The current market is quantitatively analyzed from 2020 to 2030 to highlight the folding bed market growth scenario.
○ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
○ The report provides a detailed folding bed market analysis on the basis of competitive intensity and how the competition will take shape in coming years

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Cell Culture Market Insights, Outlook, Opportunity and Demand Analysis Report by 2027

Rise in adoption of cell culture technique, increase in research funding, and prevalence of cancer drive the South Korea cell culture market. However, high capital investment and lack of infrastructure hinder the market growth. On the contrary, advancements in technologies is estimated to open lucrative opportunities for the market players in the future.

According to the report published by Allied Market Research, the South Korea cell culture market was accounted for $216.3 million in 2019, and is estimated to reach $606.4 million by 2027, growing at a CAGR of 13.7% from 2020 to 2027. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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Growth in awareness related to use of cell culture technique in research and increase in research-related funding and rise in cancer-related research are the major driving forces of the global cell culture market. Furthermore, expected rise in demand for advanced cell culture technologies notably contribute toward the growth of the market. The governments in South Korea have increased research funding for various fields, which involve the use of cell culture techniques. The 50% government funding of biotechnology R&D is relatively high compared with the 20% of total investment in all industries in Korea. Thus, this boosts the growth of the cell culture market.

Covid-19 scenario:

The Covid-19 outbreak has increased the need for vaccines, which fueled demand for cell culture products for clinical trials.
Researchers have been trying to understand the Covid-19 disease at a molecular level to develop therapeutic interventions. This has increased the demand for cell cultures across South Korea.

The South Korea cell culture market is segmented on the basis of product, application, and end user. Based on product, the market is divided into consumables and instruments. The consumables segment held the lion’s share in 2019, accounting for more than two-thirds of the market. In addition, the segment is estimated to register the highest CAGR of 14.3% during the forecast period.

The growth of the cell culture market is driven by various factors such as surge in prevalence of cancer and rise in adoption of cell culture technique. In addition, other factors that contribute toward the growth of the market include growth in awareness related to use of cell culture technique in research as well as increase in research-related funding in South Korea. Furthermore, surge in cancer-related research is another major factor that fuels the growth of the market.

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Market participants are implementing growth strategies, namely, new product launches, operational expansion, acquisitions, and partnerships and collaborations to gain a competitive advantage. For instance, in April 2020, Danaher Corporation launched Cytiva in South Korea, which aims to completely rebrand the General Electric’s Healthcare LifeScience business.

The South Korea cell culture market report includes an in-depth analysis of the major market players such as Merck KGaA, Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., Danaher Corporation (Cytiva), FUJIFILM Holdings Corporation (FUJIFILM Irvine Scientific, Inc.), Sartorius AG, Avantor, Inc. (VWR International, LLC), Corning Incorporated, STEMCELL Technologies Inc., and Miltenyi Biotec B.V. & Co. KG.

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Geospiatial Analytics Market 2022: Research Analysis, Strategies, Business Plan, & Revenue by 2030

The incorporation of advanced technologies such as AR, VR, and IoT for GIS and development of 4D GIS software are expected to create lucrative opportunities in the industry. Increase in demand for AI-based GIS solutions, a rise in inclination toward adopting GIS software in smart cities development and urban planning, and surge in the use of satellites in monitoring the spread of COVID-19 drive the global geospatial analytics market.

Key market players such as – Bentley Systems, Incorporated, ESRI, Furgo NV, General Electric, TOMTOM International, Inc., Hexagon AB, Google, Inc., MDA Corporation, Oracle Corporation, SAP SE, Trimble, Inc., and Alteryx, Inc.

The global geospatial analytics market was estimated at $60.94 billion in 2020 and is expected to hit $209.47 billion by 2030, registering a CAGR of 13.0% from 2021 to 2030.

The global geospatial analytics market is analyzed across component, deployment mode, enterprise size, industry vertical, solution, technology, type, and region. Based on component, the solution segment accounted for the major share in 2020, holding more than three-fifths of the global market. The service segment, on the other hand, would grow at the fastest CAGR of 14.3% throughout the forecast period.

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Based on region, the market across North America held the lion’s share in 2020, garnering around two-fifths of the global market. The market across Asia-Pacific, simultaneously, is expected to cite the fastest CAGR of 15.7% by the end of 2030.

Based on deployment mode, the on-premise segment generated the highest share in 2020, accounting for nearly three-fifths of the global geospatial analytics industry. The cloud segment, however, is projected to manifest the fastest CAGR of 14.5% from 2021 to 2030.

COVIS-19 scenario-

Various governmental bodies are adopting geospatial analytics to gain real-time scenarios in terms of tracking the spread of the coronavirus and getting an accurate and constant updation of infected patients, which in turn has impacted the global geospatial analytics market positively.
This trend is quite like to continue until the pandemic is completely over.

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Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.