Market Trends and Growth: May 2020

Friday, 29 May 2020

Ventilation Fan Market 2025 | Crompton; Delta Electronics, Inc.; Fuji Electric Co.

The global Ventilation Fan Market size is expected to reach USD 3.85 billion by 2025, registering a 7.7% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Rising demand from residential, commercial, and industrial buildings is anticipated to drive the growth. Increasing installation in bathrooms, kitchens, dryer rooms, garages, and attics of residences is expected to drive the product demand.

Rising installation of exhaust fans recommended in schools, hotels, bars and restaurants, laundry shops, beauty and barber shops, auto repair shops, and publishing and printing shops is expected to contribute to the growth. Ventilation fans are required in paint spray booths, welding booths, and areas that require grinding and polishing booths, portable fume exhausters, and plating and coating tanks.

Brick and mortar hardware stores are the major distributors of ventilation fans. Most of these channels have a liaison with contractors, architects, and builders which enhances the total sales for these distributors. The buyers, while placing large purchase orders, are able to gain big discounts. Thus, the association is beneficial for builders and contractors as well as the retailer.

The millennial market is most majorly dependent on the e-commerce industry owing to their strong digital presence. Online retailers of ventilation fans including Lowe’s, Amazon, globalindustrial.com, IndustrialFansDirect.com, The Home Depot, Ferguson Enterprises, LLC and CANADIAN TIRE. have adopted strategies such as product discounts and cashbacks to attract this demographic during the forecast period.

Some of the key market players of ventilation fan include Crompton; Delta Electronics, Inc.; Fuji Electric Co., Ltd.; Havells India Ltd.; Mitsubishi Electric; Panasonic Corporation; Rexnord Electronic & Control Ltd.; Surya Roshni Ltd.; Systemair AB; and Volution Group Plc. The growing demand has been creating momentum in the manufacturing industry to boost the production process. In December 2018, Panasonic attained a global, cumulative production of 200 million exhaust fans. It produces over 7 million fans annually and has been manufacturing the product for over 60 years in 40 countries.

In January 2017, Veent launched a smart ventilation fan suitable for bathrooms. The easy to install product can be controlled wirelessly, through Veent fan switch and the Veent app available for mobile phones. The smart technology of the product evaluates median humidity and moisture level of the nearby areas and switches itself on automatically to dry the area. This proves helpful is solving the issue of molds. The fan is soundless and equipped with energy-efficient motor.

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Ventilation Fan Market Report Highlights

Axial products accounted for more than 65% of the global revenue share in 2018. The dominance is attributed to product efficiency in terms of power consumption
Centrifugal ventilation fan is expected to witness the fastest CAGR of more than 8% from 2019 to 2025 as it offers first-rate energy efficiency along with allowing constant airflow
Wall-mounted segment of ventilation fan market accounted for more than 60% of the global revenue in 2018 owing to easy installation process of the product
Metal products accounted for more than 70% market share in 2018 owing to the better air circulation capacity of the product
Plastic product forms is expected to witness the fastest CAGR of over 8% from 2019 to 2025
Ceiling-mounted ventilation fans segment is expected to witness the fastest CAGR of 8% from 2019 to 2025

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Global Electric Rice Cooker Market Report - Industry Growth, Opportunities, and Forecast

The global Electric Rice Cooker Market size is expected to reach USD 1.1 billion by 2025, expanding at a CAGR of 7.5%, according to a new report by Grand View Research, Inc. Introduction of smart cooker with Wi-Fi connectivity and easy to read touch panel is expected to be a key factor for promoting the market for electric rice cooker over the forecast period. Additionally, increasing number of nuclear families on a global level is expected to play crucial role in product promotion. Moreover, increasing product visibility through the establishment of new electronic hypermarkets in developing countries such as Brazil, China, and India is expected to remain a key driving factor over the forecast period.

The household segment held leading market share in 2018 owing to shifting consumer inclination towards the energy efficient cooking appliances including connected rice cooker. Growing middle class population coupled with rising disposable income in countries such as India and China is expected to fuel demand for convenient appliances such as electric rice cooker in upcoming years. Moreover, increasing interest in high-end products including cooking appliances, which can connect with Wi-Fi, Smart Home, and virtual assistance are expected to have positive impact on the market. However, the commercial segment is anticipated to expand at fastest CAGR of 7.6% from 2019 to 2025. Introduction of innovative products with improved design and larger cooking capacity is the key factor fueling adoption of these cookers in the commercial segment.

The offline segment held the largest market share close to 70% in 2018.The increased number of retail stores, especially in emerging economies such as India, China, and Brazil, is expected to boost product sales through offline stores. In addition, the strong presence of major international companies in emerging markets including China and India through newly established strategic business units is expected to promote segment growth. For instance, in February 2018, Xiaomi inaugurated its first Mi Home Experience Store in India for showcasing the company’s products including Xiaomi luggage and an electric smart rice cooker.

North America accounted for a revenue share of more than 10% of the global revenue in 2018. Strong foothold of advanced household appliance brands in U.S. is likely to remain a key driving factor for the industry. Furthermore, U.S. is expected to witness significant gains in terms of rising importance of connected appliances on a domestic level.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/electric-rice-cooker-market

Further key findings from the report suggest:

The standard product segment held leading electric rice cooker market share in 2018 attributed to easy product handling and low maintenance at affordable price
The online channel segment is expected to witness fastest growth at a CAGR of 7.9% from 2019 to 2025 as a result of increasing importance of e-commerce channels for providing extra add-on benefits including discounts and free home delivery
The market revenue from Asia Pacific accounted the largest share of more than 60% in 2018
Product innovation is expected to be a key success factor among the industry participants over the next few years.

Thursday, 28 May 2020

Baby Diapers Market 2022| First Quality Enterprises, Inc.; Procter & Gamble Co. (P&G); Hengan International Group Company Ltd.

The global Baby Diapers Market size is expected to reach USD 64.62 billion by 2022, according to a new report by Grand View Research, Inc. The global baby diapers market is estimated to witness a CAGR of 6.2% over the forecast period. Growing awareness regarding health issues of babies and infants is the major factor driving the baby diapers market.

Emerging economies of the Asia Pacific region including China, India, and Brazil are projected to lead the global market. Regional diaper manufacturers providing affordable products with characteristics matching international standards have resulted in an increased industry competition. Growing demand for natural and hygienic products is forcing manufacturers to develop bio-based disposable diapers, which is also projected to propel market demand.

Latest technological developments, such as higher absorption levels and reduced weight of final products, have helped the overall quality to a great extent. Various R&D initiatives aimed at developing bio-degradable diapers are projected to boost the market growth over the forecast period. The industry has witnessed several partnerships and M&A activities aimed at developing technologically advanced products.

In 2016, disposable diapers emerged as the largest product segment. However, the segment may lose its share to biodegradable baby diapers due to increased awareness regarding the harmful effects of chemicals used in disposable diapers and preference toward using environment-friendly products.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/baby-diapers-market

Further key findings from the study suggest:

The global baby diapers market is anticipated to reach USD 64.62 billion by 2022 exhibiting a CAGR of 6.2% over the forecast period
Disposable diapers led the industry over the past few years and accounted for nearly two-thirds of the market
Developing regions such as Asia Pacific and Central and South America promise ample growth opportunities for the baby diapers industry over the forecast period
Some of the key companies in the global market are First Quality Enterprises, Inc.; Procter & Gamble Co. (P&G); Hengan International Group Company Ltd.; Kimberly-Clark Corp.; Unicharm Corp.; KAO Corp.; Philips Healthcare; Drylock Technologies NV; Cotton Babies; The Honest Co; and The Hain Celestial Group.

Tuesday, 26 May 2020

Global Snow Sports Apparel Market Report 2025- Industry Growth, Opportunities, and Forecast

The global Snow Sports Apparel Market size is expected to reach USD 3.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.4% over the forecast period. The market is driven by growing importance of winter sports among millennials as they provide vitamin D exposure and improve tone muscles. Additionally, during fall season in North America and Europe, people prefer enjoying snow sports on weekend to keep themselves fit for a longer time, which, in turn, is likely to have a significant impact on the industry growth.

Top apparel dominated the market for the year, 2018. Growing popularity of snow sportswear among the adult population for safety as well as appearance purposes is expected to have a positive impact on the snow sports apparel market growth. Furthermore, increasing demand for shooting social media videos of winter sports among the youth population is driving manufacturers to launch various fashionable products.

The women segment is expected to be the fastest growing application, expanding at a CAGR of 5.9% from 2019 to 2025. Increasing number of women participants from developing countries including China, Mexico, and South Africa is driving the sales of women winter sports wear. Furthermore, increasing number of women snow sports events by authorities at the global level is expected to open new avenues over the next few years.

The offline segment is the largest distribution channel, with a revenue of USD 1.9 billion in 2018. Increasing number of specialty snow sports stores, coupled with their try and buy option, is expected to boost the market growth. Consumers prefer to purchase their products from offline channels as they can choose from different brands and are able to negotiate product price with retailers.

Asia Pacific is expected to at the fastest CAGR of 6.3% from 2019 to 2025. Growing middle-class population in developing countries such as China and India is a key factor driving the market in this region. As a result, the manufacturers are expected to establish their strategic business units including brand retail outlets in order to cater to the growing requirements of snow apparel among consumers who are interested in leisure activity.

Key manufacturers in the market include VF Corporation; Columbia Sportswear Company; Kering; Amer Sports; adidas Group; DESCENTE LTD.; Decathlon; Lafuma; GOLDWIN INC.; and Skis Rossignol S.A. The companies are taking efforts on designing new products in order to expand their market share.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/snow-sports-apparel-market

Further key findings from the report suggest:

Bottom apparel products are expected to be the fastest growing segment with a CAGR of 6.8% from 2019 to 2025
The men application segment was the largest segment, with a revenue of USD 1.5 billion in 2018
The online segment is the fastest growing distribution channel with a CAGR of 6.1% from 2019 to 2025
North America was the largest region with a revenue of USD 918.9 million in 2018.

Global 3D Printing Materials Market Report 2025- Industry Growth, Opportunities, and Forecast

The global 3D Printing Materials Market size is expected to reach USD 3.8 billion by 2025, growing at a CAGR of 23.9%, according to a new report by Grand View Research, Inc. Extensive R&D and technological advancements in 3D printing technologies is expected to fuel the market growth over the forecast period.

Expansion of various industries including automotive, aerospace and defense, medical, and others across the globe is projected to benefit the market growth. In addition, rising demand for 3D printing materials such as photopolymers, metals, thermoplastics, and ceramics owing to its superior strength and durability is estimated to drive the industry growth.

The demand for low cost mass manufacturing to reduce lead time and to enhance the quality and efficiency of the resultant product has emerged as the primary reason for growing popularity of the technology across all industries. In addition, factors such as low component weight and the ability to print cheaper equipment on demand and in less time is expected to drive the market.

3D printing materials are expected to witness strong growth owing to the widespread applications including consumer, aerospace and defense, healthcare, and industrial. Growing number of efforts and investments in the Asia-Pacific market owing to the presence of developing economies such as China, India, and Indonesia is expected to create a favorable scenario for the market growth.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/3d-printing-materials-market

Further key findings from the report suggest:

The photopolymer segment accounted for the largest market share of 38.1% in terms of revenue in 2018, as it provides high resolution and can be used to print most complex models
The aerospace and defense application segment is anticipated to witness a CAGR of 25.3% from 2019 to 2025 owing to factors such as enhanced manufacturing process and reduced lead time as compared the traditional process
The Asia Pacific market is estimated to exhibit a CAGR of 28.6% from 2019 to 2025 on account of rapid expansion of industries including automotive and consumer products coupled with increased spending power
China is anticipated to witness a CAGR of 25.8% from 2019 to 2025 owing to the expansion of the industrial sector coupled with rapid adoption of 3D printing technology
3D printing materials Market participants across the globe have increased their R&D spending in order to develop highly efficient products for various applications.

Friday, 22 May 2020

Meal Replacement Products Market Growth, Size, Share and Forecast to 2025

The global Meal Replacement Products Market size is expected to reach USD 25.02 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 6.5% during the forecast period. Rising demand for healthy and nutritious food is anticipated to fuel the growth. High prevalence of obesity, diabetes, and cardiovascular diseases among others is expected to drive consumer awareness regarding weight loss and weight management diets, which in turn, will prompt the use of meal replacement products.

Meal replacement powder accounted for largest market share owing to rapid adoption of by health conscious consumers in developed countries from North America and Europe. High consumer awareness regarding the advantages of meal replacement products is expected to bode well for the overall product demand. Ease of handling and consumption is expected drive the demand for meal replacement powder in the forthcoming years. The manufactures are investing in production of ready-to-drink meal replacement products owing to the rising popularity of energy drinks.

Offline distribution channel held the largest market share in 2018. Significant presence of some of the leading product manufacturers in countries such as U.S. and Germany is projected to fuel the demand for meal replacement products. Factors such as access to internet and promotional activities by leading manufacturers are expected to further drive the growth.

North America held the largest market share in 2018 due to high prevalence of obesity and associated disorders in U.S. Increasing hectic lifestyle is anticipated drive the demand for time-saving alternatives for regular meals, which in turn is projected to fuel the regional market. Strict regulations related to food nutrition are projected to drive the growth of the market in North America as well as Europe. Asia Pacific, on the other hand, is expected to witness the fastest growth over the forecast period due to increasing awareness regarding meal replacement products among millennials in countries such as China and India.

Key market players engage in business partnerships, mergers and acquisitions, and product innovation to capture greater market share. In April 2019, Soylent, one of the major manufacturers of meal replacement products signed an agreement with Walmart. Under this agreement, Soylent will roll out five of its ready-to-drink meal replacement drinks in 4,378 Walmart stores in U.S.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/meal-replacement-products-market

Further key findings from the report suggest:

Protein bars segment is projected to ascend with a CAGR of 6.9% from 2019 to 2025
Ready-to-drink segment is expected to register the fastest CAGR over the forecast period, due to rapid growth of the beverage industry
Offline distribution channel held the largest market share of over 90% in 2018
Major players operating in the meal replacement products market are Kellogg, Abbott Nutrition, Herbalife, and Unilever

Sailing Jackets Market to 2025: Global Trends, Business Strategies and Opportunities with Key Players Analysis

The global Sailing Jackets Market size is expected to reach USD 188.1 million by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 6.7% over the forecast period. The rise in marine sports events coupled with increased participation in sailing, cruising, and boating activities is projected to drive the product demand. Furthermore, rapid growth of the powerboat industry is expected to accelerate market growth.

The men application segment held the leading market share of around 60% in 2018. Increased participation of millennial men in watersports is expected to fuel the demand for sailing jackets in this segment. On the other hand, the women application segment is projected to witness the fastest CAGR in the upcoming years. Increasing number of women participation in sailing sport is expected to fuel the demand for sailing jackets.

North America led the global sailing jackets market with a revenue share of more than 40% in 2018. U.S. dominates the market due to the presence of a large number of sailors. Asia Pacific, on the other hand, is anticipated to register the fastest CAGR over the forecast period. Rise in water sport activities in China, Australia, and South Korea is expected to boost the regional market growth.

Key competitors of this industry include Canadian Tire Corporation, Limited (Helly Hansen), Henri-Lloyd International Ltd., Gill Marine, Marinepool, Sail Racing International, Decathlon S.A., SLAM, Burke Marine, Magic Marine, and Zhik Australia. Manufacturers of sailing jackets emphasize on environment-friendly products due to the rising consumer awareness. Over the past few years, Perfluorocarbons (PFC) free products have been gaining significant popularity among consumers. Leading companies have been strengthening their market position by engaging in strategic M&A activities. In May 2018, Canadian Tire Corporation, Limited acquired Helly Hansen to strengthen its position in the sportswear industry.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/sailing-jackets-market

Further key findings from the report suggest:

North America held the largest market share of more than 40% in 2018. Increased spending on recreational activities by millennials in the U.S. is expected to drive the growth
Asia Pacific sailing jackets market is projected to expand at the fastest CAGR of 8.9% from 2019 to 2025
Men segment held the largest market share of around 60% in 2018
Online distribution channel is expected expand at the fastest CAGR of 8.6% from 2019 to 2025

Thursday, 21 May 2020

Nanofibers Market | Global Industry Insights, Trends, Outlook and Key Players

The global Nanofibers Market size is expected to reach USD 2.89 billion by 2024, expanding at a CAGR of 25.2%, according to a new report by Grand View Research, Inc. Technological advancements in the field of nanomaterials, coupled with increasing demand for materials such as carbon, glass, ceramic, and polymeric in various end-use segments, are expected to drive growth over the forecast period. Surging demand for nanotechnology-enabled smart textiles, filtration, tissue engineering & regeneration, wound healing, drug delivery, and biosensors is expected to steer nanofibers market penetration in the medical sector over the next few years.

However, stringent guidelines and standards for manufacturing, handling, and sales of nanomaterials by international agencies such as ISO, NIST, and Nanomaterials Registry may hamper market growth. The nanofibers industry growth may further be restrained by regulations pertaining to the toxicity of metal and carbon-based nanoparticles.

Nanoscale polymer fibers dominated the global demand accounting for 49.2% of total market volume in 2015. Large-scale application of these materials in high-efficiency air filters coupled with increasing usage in medical devices and drug delivery systems especially in the mature economies can be attributed to high penetration.

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Further key findings from the report suggest:

The global nanofibers market demand was 1,008 tons in 2015 and is expected to reach 8,886 tons by 2024, growing at a CAGR of 27.7% from 2016 to 2024
The global composite nanoscale materials accounted for 12.5% of the total market in 2015 and are anticipated to reach a net worth of USD 373.6 million by 2024. Increasing R&D investments to develop innovative production technologies and adhere to the stringent regulatory framework to steer segment growth.
Cellulose nanofibers are estimated to witness the fastest growth over the next eight years. The segment demand in the U.S. is estimated to grow at a CAGR of 29.6% from 2016 to 2024.
Electronics segment is anticipated to emerge as fastest growing end-use segment and is estimated to reach a net worth of USD 293.1 million by 2024
Asia Pacific is expected to emerge as the fastest growing regional market on account of significant product demand in China, Japan, India, and other South-East Asian countries. China nanofibers demand in the energy sector is anticipated to reach 154.4 tons by 2024 at a CAGR of 28% from 2016 to 2024.
Key industry participants in the market include Donaldson, Elmarco, DuPont, Revolution Fibres, FibeRio, Ahlstrom, Toray, Asahi Kasei, Johns Manville, Jiangxi Xian Cai Nanofibers Technology, Johns Pyrograf Products, eSpin, and MemPro

Nanoclay Reinforcement Market is Estimated to Value $4.38 Billion By 2022

The global Nanoclay Reinforcement Market size is expected to reach USD 4.38 Billion by 2022, expanding at a CAGR of 23.3%, according to a new report by Grand View Research, Inc. Nanoclay reinforcement market is expected to witness significant market is expected to witness significant growth over the next seven years owing to a growing need for lightweight, portable, durable, high strength and low cost materials in a wide range of applications including automotive, aerospace and marine applications.

Prevalence of favorable government support for use of nanotechnology and increasing production output of nanomaterials is expected to augment market growth in North America and Europe over the forecast period. Low manufacturing & processing cost coupled with abundant availability is expected to drive end use industry demand.

Request a Sample Copy of Report @
http://www.grandviewresearch.com/industry-analysis/nanoclay-reinforcement-market

Further key findings from the report suggest:

In terms of revenue, use of nanoclay reinforcements in automotive parts is expected to grow at the fastest CAGR of 23.6% from 2015 to 2022. Rising demand on account of material enhancing characteristics including toughness, stiffness, dimensional stability, thermal resistance, chemical resistance, enhanced barrier properties and flexibility at high temperatures is expected to boost growth over the next seven years.
Construction was the largest application segment and accounted for over 20% of global volume in 2014. Rising awareness towards incorporating nanoclay reinforced materials for improving efficiency and superior barrier properties is expected to fuel growth.
Europe held the second largest share of the savory snacks market in 2014 accounting for 29.0% on account of presence of numerous manufacturers in the region. Favorable regulatory scenario and support from government is expected to drive demand over the forecast period.
Nanoclay is being utilized as a drug vehicle in the field of medicine. Its ability to control release of drugs in a better way as compared to other polymer nanocomposites is turning out to be a very important application and is expected to boost growth over the forecast period.
Some of the key market players include Nanocor Incorporated, BYK Additives, Laviosa Chimica Mineraria Spa. Key market players have been integration operations in order to ensure a continuous raw material supply as well as low manufacturing cost.

Tuesday, 19 May 2020

Nitrogenated Coffee Market: Current Scenario & Growth Opportunities, 2025

The global Nitrogenated Coffee Market size is expected to reach USD 51.1 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 26.6% over the forecast period. Increasing number of health conscious consumers is expected to fuel the demand for the product, which contains less sugar and calorie as compared to other caffeinated beverages. In addition, the thick texture and sweet taste of the nitrogenated products are expected to boost the market growth in the upcoming years.

The vanilla flavor dominated the market, accounting for over 40.0% share of the global revenue in 2018. Increased popularity of this flavor across the globe has fueled the demand. The fruit and nuts flavor is expected to witness significant growth in the near future owing to growing demand for maple, coconut, hazelnut, and pecan flavored product. In December 2018, PJ's Coffee introduced its southern pecan flavored nitrogen infused cold brew.

In terms of packaging, can is expected to expand at the fastest CAGR of 29.0% from 2019 to 2025. Growing demand for ready-to-drink beverages is anticipated to fuel the growth of the segment in the near future. In April 2015, Stumptown Coffee Roasters launched its canned nitro cold brew considering the growing demand for ready-to-drink beverage.

North America held the largest share for over 80.0% of the total revenue in 2018. A large number of regular coffee consumers and presence of major players in this region have increased the demand for the product. Furthermore, manufacturers are expanding their business in Asia Pacific owing to rapidly growing popularity of the product in the countries including Japan, China, South Korea, and Indonesia.

Key competitors of this industry include International Coffee & Tea, LLC, Starbucks Corporation, McDonald's, Stumptown Coffee Roasters, RISE Brewing Co., Dunkin', NITRO Beverage Co., Califia Farms, Blackeye Roasting Co., and Bona Fide Nitro Coffee and Tea.

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https://www.grandviewresearch.com/industry-analysis/nitrogenated-coffee-market

Further key findings from the report suggest:

The nitrogenated coffee market in North America held the largest share of more than 80.0% in 2018
Asia Pacific is expected to expand at the fastest CAGR of 30.7% from 2019 to 2025
By flavor, vanilla held the largest share of more than 40.0% in 2018
By packaging, can is expected to expand at the fastest CAGR of 29.0% from 2019 to 2025.

Men’s Wear Market: Current Scenario & Growth Opportunities, 2025

The global Men’s Wear Market size is expected to reach USD 741.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.3% over the forecast period. Growing importance of personal grooming among adults on account of increased number of campaigns for maintaining formal as well as casual styles on social media websites including Instagram and Pinterest is expected to have a strong impact. Furthermore, these products have been gaining increasing traction among the consumers on account of their frequent purchases through e-commerce portals including Amazon and eBay as a selling medium.

Increasing number of fashion shows across the globe including Paris, New York, London, Los Angeles, Rom, Milan, Barcelona, and Berlin has made sure to garnish men’s fashion with apt attention and publicity. Furthermore, some of the magazines including ZQ, Men’s Vogue, Fantastic Man, and Nylon Guys are playing a crucial role in increasing awareness among buyers.

Clothing or apparel held the largest men’s wear market share in 2018 and is expected to remain a dominant segment over the next few years. Product innovation by key manufacturing firms aimed at targeting the consumers with their traditional values is expected to remain a favorable factor for the industry growth. In January 2018, Raymond Group launched Khadi products under the brand names, Ethnix and Next Look. These brands will offer products such as shirts, trousers, long kurtas, short kurtas, and bandh galas, which are available in a price range of INR 3,000 - 14,000.

Asia Pacific is expected to register the fastest CAGR of 6.6% from 2019 to 2025. High concentration of middle-class population in the countries including China, India, Pakistan, and Bangladesh is expected to remain a key driving factor. Furthermore, the number of working class male adults using smartphones for purchasing their daily consumables is increasing. This, in turn, expected to force the industry participants to increase spending on the development of their e-commerce portals in order to ensure the continuous revenue flow in the near future.

Some of the key players operating in the global men’s wear market are Adidas Group; Raymond Group; Calvin Klein; Gianni Versace S.r.l.; Guccio Gucci S.p.A.; HUGO BOSS; LACOSTE; LEVI STRAUSS & CO.; Nike, Inc.; RALPH LAUREN MEDIA LLC; and Tommy Hilfiger, LLC. Product innovation is expected to remain a key strategy among the industry participants in the near future.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/mens-wear-market

Further key findings from the report suggest:

By product, the footwear segment is expected to generate a revenue of more than USD 280 billion by the end of 2025
Online channel is expected to expand at the fastest CAGR of 11.4% from 2019 to 2025
North America generated a revenue of USD 148.5 billion in 2018.

Friday, 8 May 2020

Automotive Glass Market Size Worth $43.1 Billion By 2027

The global Automotive Glass Market size is anticipated to reach USD 43.1 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 4.5% over the forecast period. Growing emphasis on electric vehicles and new norms such as BS VI in India which would bring Indian motor vehicle regulations into alignment with European Union regulations are anticipated to drive the automotive glass production across the forecast period.

Despite the decline in automotive production in 2018 and 2019, the market is expected to witness growth on account of the rise in production of commercial vehicles and increasing product demand from the aftermarket. The increasing number of vehicles on the road, along with growing accidents, drives the need for repair, maintenance, and replacement, which would subsequently drive the demand for glass.

Innovation and technological advancements are the key factors driving the market growth. Various technological advancements are being witnessed in the applications of automotive glass. For instance, new features were introduced in windshields and sunroofs for luxury cars in 2019. Growing demand for smart glass technology is likely to drive the product utilization in windshields over the forecast period.

Increasing demand for commercial transportation services such as buses and taxicabs are anticipated to boost the demand for light commercial vehicles (LCVs). In addition, rapid urbanization, improved road infrastructure, and supportive regulatory policies are expected to boost the demand for LCVs, thereby resulting in market growth.

Tempered dominated the product segment in 2019. Rapidly growing commercial vehicle production in Asia Pacific is expected to drive the demand for tempered glass over the forecast period. Moreover, about 30,000 people are killed by road accidents every year in America. This has led to an increased focus on the development of vehicles with high safety levels, thereby driving the market growth.

Growing urbanization, increased spending capacity of consumers, and the development of the automotive sector in countries including Brazil and Argentina are anticipated to positively affect the market over the coming years. In addition, increasing electric vehicle production owing to supportive government policies is expected to drive market growth.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/automotive-glass-market

Further key findings from the report suggest:

The laminated segment accounted for a significant share of 36.2% in 2019 in terms of volume. This is attributed to advantages such as safety features and its ability to block harmful UV rays
Sunroof is expected to register the highest CAGR over the forecast period as a result of growing penetration of sunroof systems in affordable cars
The OEM segment accounted for a share of about 80.0% in 2019 owing to the growing demand for commercial vehicles and automotive glass market.
Europe is expected to register a CAGR of 4.6% over the forecast period on account of new plants and increasing prices in the region. For instance, in July 2018, BMW announced its plans to invest USD 1.71 billion (€1.5 billion) in a new car factory in Hungary
AGC Inc.; Saint-Gobain; Fuyao Glass Industry Group Co., Ltd.; NSG Group, Limited (NSG); and Corning Incorporated are some of the prominent manufacturers worldwide. These companies supply glass directly to vehicle manufacturers.