Agricultural Robots Market Size, Growth, Trends and Industry Forecast to 2030

According to a new report published by Allied Market Research, titled, Agricultural Robots Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global agricultural robots market was valued at $2,927 million in 2016, and is expected to reach $11,050 million by 2023, registering a CAGR of 21% from 2017 to 2023. Asia-Pacific is expected to exhibit high potential, owing to the growth in the agricultural industry as a resultant of exponential increase in demand for food production.

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Growth in population, high requirement for food, rise in popularity of indoor farming, common climate variations, and surge in adoption of automation technology are expected to drive the global agricultural robots market during the forecast period. However, restricted awareness about these robots among the farmers and incapability of the robots to match to human-like dexterity impede the market growth. The agricultural robots market is segmented on the basis of type, application and geography. The milking robots segment dominates the market, accounting for $6,555 million in 2016, registering a CAGR of 7% during the forecast period.

Based on application, the dairy management segment is expected to generate the maximum revenue during the forecast period, accounting for 61.3% share by 2023.

Key Findings of the Agricultural Robots Market:

  • The dairy management application accounted for a market share of 29.13% in 2016, and is expected to exhibit a CAGR of 22.1% during the forecast period.
  • Among the type segment, the driverless tractors are expected to witness the highest CAGR as compared to other types.
  • North America was the highest revenue contributor with around 37.04% share in 2016, and is projected to reach $3,602 million by 2023, growing at a CAGR of 18.8%.

The key players operating in the global agricultural robots market are DeLaval, GEA Group, Autonomous Tractor Corporation, AGCO, Lely, Autonomous Solutions Inc., Harvest Automation, John Deere, Clearpath Robotics, and Deepfield Robotics.

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Industrial Smart Motors Market  Size, Growth, Trends and Industry Forecast to 2023

According to a new report published by Allied Market Research titled, Industrial Smart Motors Market by Offering, End User, and Market Vertical: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,the “industrial smart motors market was valued at $1,207.86 million in 2017 and is expected to reach $1,809.11 million by 2025, registering a CAGR of 5.28% from 2018 to 2025.” Asia-Pacific dominated the industrial smart motors market accounting for around two-fifths share of the total revenue by region.

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Industrial smart motors are specialized motors that offer superior performance through integration of internet of things (IoT) enabled services that include superior machine control, predictive maintenance, and reduced downtime during maintenance. Smart motors have witnessed a rise in their scope of application across different industry verticals due to integration of sensors, microprocessor chips, and software programs. For instance, they find application in discrete automation, materials handling, industrial machineries & equipment, smart manufacturing, and mechanical power transmission-based equipment among others. As a result, the industrial smart motors have gained traction in the recent years and are expected to provide numerous profitable opportunities for the manufacturers during the forecast period.

The pumps segment accounted for almost one-fifth share of the global smart industrial motors market based on end user due to high demand for efficient and superior machine control of motors. Moreover, increase in demand for reducing downtime during maintenance and service activities is expected to drive the growth of smart motors across different market verticals. Thus, the pumps segment is expected to maintain its dominant position during the forecast period and subsequently provide numerous profitable opportunities for the market players. However, growth in popularity of application-specific equipment and machinery has gained traction and is projected to propel the demand for smart motors in conveyor systems, process automation, smart manufacturing, and OEMs (original equipment manufacturers) related equipment among others.

The manufacturing industry segment accounted for almost one-fourth of the total market share in the industrial smart motors market due to rise in adoption of smart manufacturing practices to low downtime and improved efficiency of the plant machineries by leading manufacturers over the past few years. Further, the growing popularity of IoT (Internet of Things) enabled services in industrial machineries as well as equipment is gaining traction among manufacturers for improving their plant efficiencies and preventing unanticipated equipment failures.

Key findings of theIndustrial Smart Motors Market:

  • In terms of market share, the pumps segment generated around one-fifth of the total revenue in 2017 and is expected to grow at a CAGR of 5.11% during the forecast period.
  • The automotive industry segment is anticipated to grow at a CAGR of 5.13% from 2018 to 2025 and reach $457.34 million by 2025.
  • Asia-Pacific is expected to witness high CAGR growth of 5.49% from 2018 to 2025.The key players in the global industrial smart motors market are focusing on new product development to gain a strong foothold in the market.

The key players profiled in the report include CG, Dunkermotoren GmbH, HSD SpA, Nidec Corporation, Reliance Precision Limited, Rockwell Automation, Schneider Electric, Somfy Systems Inc., TECHNOSOFT SA, and USAutomation.

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Hyperlocal Services Market is expected to reach $ 3,634.3 billion by 2027 at a CAGR of 17.9% from 2021 to 2027

Growing smartphone user base and internet accessibility is majorly driving the growth of the Hyperlocal Services Market

According to a new report published by Allied Market Research, titled, “Hyperlocal Services Market by Type, and Nature: Opportunity Analysis and Industry Forecast, 2021–2027,”The global Hyperlocal Services Market is expected to reach $ 3,634.3 billion by 2027 at a CAGR of 17.9% from 2021 to 2027.

Hyperlocal services refer to services where service provider deliver goods and utility services are ordered by consumers within limited or well-defined geographic location, from where seller delivers goods in minimum time period. Hyperlocal services includes online delivery of goods such as food, grocery, and online services including personal care and growing, house cleaning, plumbing and lawn care. These delivery services are ordered form local services providers in nearby places, which results in decrease in delivery time and cost.

Growing smartphone user base and internet accessibility is majorly driving the growth of the Hyperlocal Services Market. The market is also being driven by changing lifestyle and willingness to adopt with technological changes. Furthermore, consumers are more including toward online purchasing owing to benefits associated such as time saving, discounts, and number of options to choose. Collectively, all these factors favoring the growth of the product market. The market is highly unorganized with numerous small localized players, which restrains the market. In addition, growth in consumer preference for premium services and brands, and penetration of the hyperlocal services even in remote areas are expected to drive the market.

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According to the current Hyperlocal Services Market trends, the market is segmented on the basis of type, nature, and region. By type, it is categorized into food ordering, grocery ordering, home utility service, logistic service providers, others. By nature, it is divided into goods delivery and utility services. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, Italy, Spain, Rest Of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

On the basis of type, the food ordering segment was valued at $315.1 billion in 2019, and is projected to reach $1,028.2 billion by 2027, registering a CAGR of 20.1% from 2021 to 2027. This is majorly attributed to extensive promotion of the online food delivery platforms through discounts, referring awards, and TV and social media advertisements. Many companies are expanding their market share by applying various strategies such as merger, acquisitions, and partnership, which likely to boost the growth of the online food delivery market during forecast period. For instance, Zomato, an Indian food delivery service company, acquired Indian penetration of Uber Eats for $350 million in January 2020. This acquisition deal is expected to help Zomato to cover more than 50% of market share in India.

On the basis of nature, the utility services segment was valued at $716.2 billion in 2019, and is expected to reach $1,585.50 billion by 2027, registering a CAGR of 14.9% from 2021 to 2027. Utility services include home services, logistic services, and tuition services. For instance, home moving, plumbing, lawn care, appliance repair, house cleaning, roofing, fencing and electrical are some of the home services gaining huge demand from consumer end. Growing urbanization, busy lifestyle and increasing working age population leads to increase the demand for home utility services, which in turn has triggered the growth of the hyperlocal based utility services. Furthermore, increased utility of smartphones and its user base is projected to offer lucrative opportunities for offline services providers to use online platforms to boost their business.

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On the basis of region, Europe has gained significant market share in hyperlocal service in 2019 and is expected to continue throughout the Hyperlocal Services Market forecast period. This was attributed to the presence of international brands in the region, and growing funding for the startup business. Big giants in Europe have been consistently expanding their market share by acquiring hyperlocal services business, which further adds to the growth of the Europe Hyperlocal Services Market. In addition, Lockdown in Europe has been creating more demand for food and grocery delivery, which is expected to fuel the growth of the market. For instance, according to German based food delivery company, Delivery Hero SE, 92% of online orders increased in the first quarter of lockdown, which is expected to intensify the growing demand for online food ordering services.

The players in the hyperlocal servicesindustry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Delivery Hero, Just-Eat, Takeaway.com, GrubHub, Grofers, Instacart, Housekeep, Uber Technologies Inc., Handy, and AskForTask.

Key findings of the study

The Hyperlocal Services Market size was valued at $1,324.2 billion in 2019, and is estimated to reach $3,634.3 billion by 2027, growing at a CAGR of 17.9% during the forecast period.

By type, the grocery ordering segment is estimated to witness the fastest growth, registering a CAGR of 23.8% during the forecast period.

In 2019, by nature, the goods delivery segment was valued at $608.0 billion in 2019 and it accounted for 45.9% of the global Hyperlocal Services Market share.

In 2019, the U.S. was the most prominent market in North America, and is projected to reach $800.9 billion by 2027, growing at a CAGR of 12.6% during the forecast period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 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. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Smart Bathroom Market Share, Growth, Trends and Industry Forecast to 2030

According to a new report published by Allied Market Research, titled, “Smart Bathroom Market by Product Type, Sales Channel,and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

The global smart bathroom market size was valued at $3.7 billion in 2020, and is projected to reach $10.8 billion by 2030, registering a CAGR of 11.2% from 2021 to 2030. A number of businesses have modernized and rebranded themselves as smart industries as a result of Internet of Things (IoT) and the growth in user base of smart phones. The global market is one such market. The surge in trend of automation has propelled this industry forward. The increased popularity of high-tech toilets and digital faucets is likely to fuel the market’s expansion in the coming years. Smart bathroom consist of smart windows, hand dryers, touchless faucets, and toilets. These systems aid in water and energy saving. Construction companies have substantially invested in the creation of smart buildings with amenities such as smart toilets to stimulate development.

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The demand for smart bathroom has smart bathroom market growth in penetration of smart homes in both emerging and established countries throughout the world. Furthermore, the rise in home improvement projects and bathroom renovations, is paving the way for a variety of smart bathroom in both the residential and commercial sectors. Owing to rise in property and mortgage prices, more expenditure on home renovation projects or remodeling drives product demand. Furthermore, consumers have been showing interests in bathrooms with built-in smart fittings, smart toilets, faucets, and soap dispensers that operate on sensors to create a spa-like experience.

Smart toilets are equipped with extra features and sensors that allow them to perform a number of tasks other than just flushing. Smart toilets often use significantly less water than traditional toilets, in addition to providing a better bathroom experience. As a result, they are an excellent alternative for saving water and conserving energy. Key players are focusing on launching smart toilets for maintaining hygiene and saving water. For instance, in December 2020, TOTO Ltd. has launched RP Compact toilet series for small bathrooms. The RP series has powerful cyclone tornado flush and the CEFIONTECT glazing, which is extremely smooth, robust, and long-lasting.

The expansion of building sector in many countries has offered significant growth opportunity for smart bathroom market. For example, in November 2020, China’s central government set a goal of completing 70% of new safe building construction by 2022. Similarly, in May 2019, the Indian government presented a $1.5 trillion construction investment plan for a six-year period ending in 2025. This investment will go toward improving school and higher education building quality, as well as health, sports, and basic infrastructure. Such government initiatives will act as a growth driver for market.

However, during the pandemic lockdown, various manufacturers in the market had to stop their business countries such as China, the U.S., and India. This break directly impacted sales of smart bathroom companies. In addition, lack of manpower and raw materials also constricted supply of equipment of smart bathroom has negatively influenced growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of smart bathroom companies.

Competition Analysis

The key players operating in the global smart bathroom market are Toto Ltd., Jacuzzi Brand LLC, Roca Sanitario, Kohler CO., Jaquar, Cera Sanitaryware Ltd., LIXIL Corporation, Pfister (Spectrum Brands), MASCO Corporation and Delta Faucet Company.

Key Findings Of The Study

  • The report provides an extensive analysis of the current and emerging smart bathroom market trends and dynamics. 
  • Depending on product type, the toilet segment dominated the smart bathroom market share, in terms of revenue in 2020 and faucet is projected to grow at a CAGR 13.3%during the forecast period.
  • By application, the commercial segment registered highest revenue in the market in 2020.
  • Asia-Pacific is projected to register the highest growth rate in the coming years.
  • The key players within the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the smart bathroom industry.
  • The report provides an extensive analysis of the trends and emerging opportunities of the market. 
  • In-depth smart bathroom market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.

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Residential Washing Machine Market Expected to Reach $53,193 Million, Globally, by 2023 ; Growing at a CAGR of 5.5% from 2017 to 2023

According to a new report published by Allied Market Research, titled, Residential Washing Machine Market by Product and Machine Capacity: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global residential washing machine market was valued at $36,648 million in 2016, and is projected to reach $53,193 million by 2023, growing at a CAGR of 5.5% from 2017 to 2023. The fully automatic residential washing machine accounted for more than 58% of the global market in 2016.

Washing machine is a home appliance used for the laundry purpose. Economic growth in advanced and developing countries has favored the growth of the washing machine market. The use of a washing machine helps to save time and energy required to wash laundry. Product innovations have led to the development of advanced washing machines that increase comfort level and convenience for customers. Some features of advanced washing machines include efficient use of water and electricity. Furthermore, development of rural household by government in regions such as Asia-Pacific is anticipated to increase the demand for these machines.

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The global residential washing machine market is driven by rise in disposable income and improvements in rural electrification. Moreover, increase in affordability of washing machines and rapid urbanization fuel the market growth. However, the availability of laundry shops and growth of online laundry services restrain this growth. Technological and innovative advancement in washing machines to cater to customer demand presents a major opportunity for future market growth.

By product, the global residential washing machine market is divided into fully automatic, semi-automatic, and dryer. The fully automatic residential washing machine is expected to register the highest CAGR throughout the analysis period, owing to growth in urbanization and its user-friendliness feature.

Based on machine capacity, the global residential washing machine market is divided into below 6 kg, between 6 and 8 kg, and 8 kg & above. The 68 kg machine capacity is the most attractive segment, as it offers better energy efficiency and higher value for money, in terms of laundry washing.

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Key Findings of the Residential Washing Machine Market:

  • The fully automatic residential washing machine is expected to grow at a high CAGR of 5.6%, in terms of value, during the forecast period.
  • The semi-automatic and dryer segments are anticipated to grow at a 5.3% and 5.0% respectively, in terms of value.
  • LAMEA is expected to grow at the highest CAGR of 6.5%, in terms of value.
  • The between 6 and 8 kg machine capacity residential washing machine is expected to grow at a high CAGR of 5.7%, in terms of value.
  • The below 6 kg and 8 kg & above segments are anticipated to grow at CAGRs of 5.2% and 5.0% respectively, in terms of value.

In 2016, Asia-Pacific and Europe collectively accounted for more than 73% of the global residential washing machine industry, in terms of value. This is due decline in the prices of the residential washing machine and rapid urbanization in Asia-Pacific. Asia-Pacific is projected to grow at the highest rate, followed by LAMEA, owing to increase in the purchasing power of the consumer, thereby increasing the residential washing machine market size.

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The major companies profiled in this report are Samsung Group (South Korea), LG Electronics Inc. (South Korea), Siemens AG (Germany), Haier Group Corporation (China), AB Electrolux (Sweden), Whirlpool Corporation (U.S.), Robert Bosch GmbH (Germany), Miele and Cie. KG (Germany), Panasonic Corporation (Japan), and GE Appliances (U.S.).

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

David Correa
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Automotive Switches Market Likely to Enjoy Explosive Growth by 2027 | C&K Switches, Eaton Corporation PLC, INENSY, Johnson Electric Holdings Limited

According to the report published by Allied Market Research, the global automotive switches market was estimated at $28.65 billion in 2019 and is expected to hit $43.26 billion by 2027, registering a CAGR of 7.6% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, and drivers & opportunities.

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Rise in demand for automotive switches in commercial vehicles and increase in the trend of using automatic automotive switches have fueled the growth of the global automotive switches market. On the other hand, utilization of haptic and voice control technologies and fluctuating prices of raw materials used in making automotive switches impede the market growth. However, growing implementation of electronic systems in vehicles and innovation in automotive switches are expected to create multiple opportunities in the industry.

Covid-19 scenario:

The outbreak of the pandemic has led to extended lockdowns to curb the spread of the virus. This, in turn, led to the closure of several automotive manufacturing facilities across the globe.
Also, the travel restrictions imposed by several countries inhibited the supply of automotive switches in the automotive sector.

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The global automotive switches market is analyzed across type, design, vehicle type, sales channel, and region. By type, the HVAC switches segment generated the highest share in 2019, holding more than one-fourth of the global market. The same segment is also expected to grow at the fastest CAGR of 9.4% throughout the forecast period.

By sales channel, the aftermarket segment would exhibit the fastest CAGR of 9.2% from 2020 to 2027. Simultaneously, the OE segment accounted for more than four-fifths of the total market share in 2019, and is expected to lead the trail by 2027.

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By region, the market across Asia-Pacific garnered the highest share in 2019, generating nearly three-fifths of the global market. Simultaneously, the region would also showcase the fastest CAGR of 8.0% throughout the forecast period. The other provinces discussed in the report include Europe, North America, and LAMEA.

The key market players analyzed in the global automotive switches market report include Eaton Corporation PLC, INENSY, ZF Friedrichshafen AG, Leopold Kostal GmbH & Co. Kg, Marquardt GmbH, C&K Switches, Preh GmbH, Johnson Electric Holdings Limited, Toyodenso Co., Ltd., Valeo, and Tokai Rika Co Ltd. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

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About Us

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

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

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Asia-Pacific Cosmetics Market is projected to witness a CAGR of 4.02% during the forecast period 2014 – 2020

The online sales platforms would go on to register a rapid CAGR of 10.3% over the forecast period.

Asia-Pacific Cosmetics Market Report, published by Allied Market Research, forecasts that the market is expected to garner $126.8 billion by 2020, registering a CAGR of 4.02% during the period 2015 – 2020.Japan is the highest revenue generating region in the Asia Pacific cosmetics market, and accounts for the second largest market in the global cosmetics industry. Japan held 2/7th share of cosmetics market in 2014, across Asia Pacific region. An increase in the adoption of cosmetic products among men is observed to be a rising trend in countries such as China, India and Japan. Presently, supermarkets and departmental stores are the preferred sales channels for the cosmetics market in the region.

Asia-Pacific Cosmetics Market by Category (Skin & Sun Care Products, Hair Care Products, Deodorants, Makeup & Color Cosmetics, and Fragrances) and Mode of sale (Retail sales and Online sales) – Opportunity Analysis and Industry Forecast, 2014-2020

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Key Findings of the APAC Cosmetics Market

Japan is the highest revenue generating region for cosmetics in the Asia Pacific region, estimated to register a CAGR of 2.7% during 2015-2020
Skin and Sun care was the highest revenue generating product segment in the cosmetic market, in 2014, and should further consolidate its position by 2020
Men is the fastest growing user segment of cosmetics registering a CAGR of 9.2% during the forecast period
The use of natural content in cosmetic products has revolutionized the market
The online medium would emerge as a prominent platform for the purchase of cosmetics over the forecast period (2015-2020)

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Competitive Landscape APAC Cosmetics Market :-
L’Oréal
Avon Products Incorporation
Procter and Gamble (P&G) Corporation
Unilever
Oriflame Cosmetics
Revlon Incorporation
Kao Corporation
Estee Lauder Companies Incorporation
Shiseido Company, Limited
Biotique

Product launch and expansions are the two key strategies adopted by market players to strengthen their product portfolios and expand their geographic reach. The increasing demand for cosmetic products, particularly, in men’s user segment have led the companies in the market to launch new products in men’s cosmetic segment. For instance: in July 2014, Himalaya introduced a new men’s product – “Intense Oil Clear Lemon Face Wash” in the skin care category, in India. This launch has enhanced the product portfolio of Himalaya in their men’s segment.

Major Drivers Of APAC Cosmetics Market :-

The growing consciousness towards maintaining one’s personal appearance and a considerable increase in disposable incomes, are the two factors that majorly drive the cosmetics market in the Asia Pacific region. The category of skin and sun care products hold the largest revenue share in cosmetics supplemented by a high demand by both men and women. The skin and sun care product segment accounted for 3/7th share in the Asia Pacific cosmetics market in 2014. Skin and sun care products are largely used by men and women across all the countries in Asia-Pacific region whereas the other prominent category of makeup/color cosmetics is dominated by women. Additionally, shampoos, conditioners, hair styling creams and gel, hair colour, moisturizing lotions, facial wipes, deodorants and fragrances are found to be the most prominently used cosmetics by men in this region. The user segment of men accounted for a revenue share of around 19% in the Asia Pacific cosmetics market.

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Table of Contents
CHAPTER 1 INTRODUCTION
1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Research Methodology
1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst Tools and Models
CHAPTER 2 EXECUTIVE SUMMARY
2.1.1 CXO Perspective
2.1.2 Market Beyond: What to Expect by 2025
2.1.2.1 Moderate Growth Scenario
2.1.2.2 Rapid Growth Scenario
2.1.2.3 Diminishing Growth Scenario
Chapter 3 Market Overview
3.1 Market Definition and Scope
3.2 Key Findings
3.2.1 Top Impacting Factors
3.2.2 Top Investment Pockets
3.2.3 Top Winning Strategies
3.3 Porters Five Forces Analysis
3.3.1 Low Switching Cost Increases the Bargaining Power of the Buyer
3.3.2 Undifferentiated Products Reduce the Bargaining Power of Supplier
3.3.3 High Capital Investment Reduces the Threat of New Entrant into the Industry
3.3.4 Minimum Availability of Substitutes for Cosmetics Reduces Threat of Substitutes
3.3.5 High Exit Barriers Lead to Industrial Rivalry
3.4 Value Chain Analysis

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 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. 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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Rapid Acting Insulin Market Business Growth, Trends, Growth and Industry Insights, Forecast – 2027

Rise in availability of continuous glucose monitoring, surge in investments in R&D for human recombinant insulin, and increase in government expenditure on healthcare drive the growth of the global rapid acting insulin market. However, adverse effects associated with use of rapid acting insulin hinder the market growth. On the contrary, undiagnosed population in developing region is estimated to open lucrative opportunities for market players in the future.

According to the report published by Allied Market Research, the global rapid acting insulin industry was accounted for $7.10 billion in 2019, and is estimated to reach $8.92 billion by 2027, growing at a CAGR of 4.1% 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, the growth of the global rapid acting insulin market is driven by increase in prevalence of diabetes, surge in geriatric population who are susceptible to develop diabetes, and surge in adoption of sedentary lifestyle. These factors contribute to the growth of the industry during the forecast period .

Rapid acting insulin is one of the fastest acting insulin that starts working within 15 minutes of its introduction. Action of this insulin is supposed to last for 5 hours. These analogs are frequently chosen over regular insulin due to their faster response, which allows diabetes patients to take it intravenously before any meal. It is usually taken post meals as it functions like natural insulin by reducing the risk of low blood glucose. Some of the rapid acting insulin available in the market are Humalog, Fiasp, NovoRapid, Apidra and others. Rapid acting insulin is usually preferred in pumps that deliver small amounts of insulin into the body every few minutes.

Covid-19 scenario:

  • The patients suffering from respiratory diseases and diabetes are at higher risk of getting infected by Covid-19 virus. Thus, the demand for rapid acting insulin has increased during the pandemic.
  • However, the prolonged lockdown across various countries have disrupted the supply chain and increased the prices of raw materials.
  • The pandemic and restriction on international trade has created challenges for manufacturing and distribution of rapid acting insulin.

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North America held the largest share

By region, the market across North America held the largest share in 2019, contributing to nearly half of the market, due to rise in incidences of diabetes, high number of geriatric population, and favorable government policies. However, the global rapid acting insulin market across Asia-Pacific is estimated to register the highest CAGR of 5.8% during the forecast period, owing to westernized lifestyle behaviors and the increased prevalence of obesity.

Major market players

  • Biocon Limited
  • ADOCIA SAS
  • Gan & Lee Pharmaceuticals
  • Eli Lilly and Company
  • Mannkind Corporation
  • Geropharm LLC
  • Sanofi S.A.
  • Novo Nordisk A/S
  • Wockhadt Ltd.

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About Allied Market Research:

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

Electric Vehicle Battery Swapping Market Trends, Business Strategies and Opportunities With Key Players Analysis 2030

As per the report published by Allied Market Research, the global electric vehicle battery swapping market was pegged at $100.08 million in 2020, and is estimated to reach $852.59 million by 2030, growing at a CAGR of 24.4% from 2021 to 2030.

Rise in demand for electric vehicles, lack of adequate public facilities, and reduced time for electric vehicle charging drive the growth of the global electric vehicle battery swapping market. However, high initial set-up and operating cost of battery swapping stations and differentiation in battery technology and design hinder the market growth. On the contrary, advent of innovative & advanced battery swapping models and services and rapid emergence of shared e-mobility are expected to open lucrative opportunities for the market players in the future.

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Covid-19 scenario:

The Covid-19 pandemic has hampered the global automotive industry due to decrease in demand for new and old vehicles.
However, the pandemic has accelerated some trends such as electrification in two-wheeler and three-wheeler vehicles. Moreover, the shared mobility sector witnessed growth due to rise in last-mile delivery, ride-hailing, and rentals.

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The global electric vehicle battery swapping market is segmented on the basis of service type, vehicle type, and region. Based on service type, the subscription model segment held the lion’s share in 2020, accounting for more than three-fourths of the market. However, the pay-per-use model segment is estimated to register the highest CAGR of 26.9% from 2021 to 2030.

On the basis of vehicle type, the two-wheeler segment dominated the market in 2020, contributing to nearly one-third of the market. Moreover, the segment is estimated to register the highest CAGR of 25.7% during the forecast period. The report includes an in-depth analysis of the other segments such as three-wheeler passenger vehicle, three-wheeler light commercial vehicle, four wheeler light commercial vehicle, buses, and others.

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The global EV battery swapping market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the largest share in 2020, accounting for more than half of the market. However, the market across LAMEA is estimated to portray the highest CAGR of 27.2% during the forecast period.

The global electric vehicle battery swapping market report includes an in-depth analysis of the major market players such as Amplify Mobility, Amara Raja, EChargeUp solutions pvt Ltd, ChargeMYGaadi, Gogoro, Inc., Esmito Solutions Pvt Ltd, Numocity, Lithion Power Pvt Ltd, NIO, Inc., Oyika Pte Ltd.

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About Us

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

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

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Rapidly Growing Consumer and Goods Will Foster Expansion of the $5.8 billion Electric Wheelchair Market

According to a new report published by Allied Market Research, titled, “Electric Wheelchair Market by Product Type: Global Opportunity Analysis and Industry Forecast, 2021–2027,” the global electric wheelchair market size was $2.9 billion in 2019, and is projected reach $5.8 billion by 2027, registering a CAGR of 9.7% from 2021 to 2027

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The key players profiled in the electric wheelchair market report are OttoBock Healthcare GmbH, Invacare Corporation, Pride Mobility Products Corp, Permobil AB, Sunrise Medical Limited, MEYRA GmbH, Matsunaga Manufactory Co., Ltd., Karma Medical Products Co., Ltd., Miki Kogyosho Co. Ltd., and Nissin Medical Industries Co., Ltd.

Center wheel drive, front wheel drive, rear wheel drive, standing electric wheelchair, and others are the major product types of electric wheelchair. Center wheel drive segment is the leads in terms of global electric wheelchair market share, and is expected to retain its dominance throughout the forecast period, owing to higher stability; superior maneuverability; and enhanced traction on surfaces, inclines, and side slopes.

The global electric wheelchair industry has witnessed notable growth in the last few years, owing to increase in trend of automation that facilitates enhanced returns on investments and cost optimization. Electric wheelchair are now equipped with durable, adjustable, and feature special seats with soft pads for orthopedic patients.

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Upsurge in elderly population, necessity of automated wheelchair for disabled people, and high disposable income of people are the major factors contributing toward the growth of the electric wheelchair market. However, excessive cost of electric wheelchair and lack of awareness and infrastructure restrict the adoption of electrical wheelchair.

Electric wheelchair are an effective way to alleviate the impact of mobility limitations for aged people, permitting more efficient ambulation over long & short distance along with increased independence. Furthermore, electric wheelchair are gaining high traction, owing to the convenience, programmed system, and easy movement of the chairs. In addition, increase in life expectancy has resulted in growing need for electric wheelchair for performance of daily activities, which significantly drives the global electric wheelchair market growth.

The market is further expected to undergo a massive transformation with the use of automation and artificial intelligence. The global electric wheelchair market is segmented into product type, which includes center wheel drive, front wheel drive, rear wheel drive, standing electric wheelchair and others. Region wise, the electric wheelchair market is studied across North America, Europe, Asia-Pacific, and LAMEA.

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Key Findings of the Study:

Region wise, North America dominates in terms of share, and is expected to retain its dominance during the forecast period.
On the basis of type, the center wheel drive segment led in terms of market size in 2019, and is expected to continue this trend in the upcoming years.
Asia-Pacific is anticipated to grow with robust CAGR of 11.5% during the electric wheelchair market forecast period.

LIST OF TABLES :-
TABLE 01. GLOBAL ELECTRIC WHEELCHAIRS MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 02. CENTRE WHEEL DRIVE WHEELCHAIRS MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 03. FRONT WHEEL DRIVE WHEELCHAIRS MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 04. REAR WHEEL DRIVE WHEELCHAIRS MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 05. STANDING ELECTRIC WHEELCHAIR MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 06. OTHERS ELECTRIC WHEELCHAIRS MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 07. GLOBAL ELECTRIC WHEELCHAIRS MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 08. NORTH AMERICA ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2019–2027 ($MILLION) …. Continue

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

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