Market Trends and Growth: August 2020

Monday 31 August 2020

Organic Soap Market Size is Anticipated to Display 8.1% CAGR till 2025

The global Organic Soaps Market size is expected to reach USD 383.4 million by 2025, according to a new report by Grand View Research, Inc., registering an 8.1% CAGR during the forecast period. Rising awareness regarding environment conservation and increasing water pollution caused by harmful chemicals present in personal care products, including parabens, triclosan, phthalates, triclocarbon, and aluminum salts, are key factors driving the market.

Over the past few years, governments of several countries have been banning harmful chemicals used in cosmetics and personal care products in order to promote organic, herbal, and all-natural soaps. This is further fueled by growing consumer awareness regarding synthetic chemicals present in toiletries like hand and bathing soaps. In addition, consumer preference for natural ingredients in personal care products is supported by the efforts of various certification bodies such as The International Natural and Organic Cosmetics Association (NATRUE). The association mandated that at least 95.0% of physically processed agro-ingredients in rinse-off products such as soaps and shampoo must be organic. These initiatives, and evolving consumer trends are expected to boost product demand over forecast period.

The landscape of the liquid organic soaps segment is fragmented in nature due to the presence of a large number of players. Liquid soaps are preferred by consumers over bar soaps as they are more hygienic. Customers are becoming more aware regarding family bathing products and are offering a host of organic and natural personal care products. Key manufacturers such as SUNDIAL BRANDS LLC; Lush Retail Ltd.; Osmia Organics, LLC; EO Products; Pangea Organics, Inc.; and Brittanies Thyme are launching new products in order to cater to increasing product demand. For instance, in April 2019, Korkut Oil Soap Industries Inc. introduced a liquid soap made from unique ingredients: goat milk and extra virgin olive oil. The product, called ‘Olivos Goat Milk Liquid Soap’, helps delay signs of aging and removes dead skin.

Europe is expected to emerge as the fastest growing organic soap market over the course of the forecast period, registering a CAGR of 8.7% from 2019 to 2025. Manufacturers are launching new products that are organic, herbal, cruelty-free and chemical-free in order to cater to evolving customer demands. Over the past few years, Germany, France, and U.K. have seen an increase in product launches. For instance, in September 2016, Lush Retail Ltd., a U.K.-based manufacturer of natural personal care products, launched its concept retail store in Milan and Berlin where products are sold in innovative, packaging-free alternatives. Product information is provided by a mobile app and customers can take their products in ethically-sourced regenerative containers made from cork.

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https://www.grandviewresearch.com/industry-analysis/organic-soaps-market

Further key findings from the report suggest:

Liquid product variants are expected to witness the fastest growth, exhibiting a CAGR of 8.4% from 2019 to 2025. Liquid soaps are preferred by consumers over bar variants as they are more hygienic
The online distribution channel is expected to witness the fastest growth by the end of the forecast period, generating a revenue of USD 75.3 million by the end of 2025
North America is the dominant market and accounted for more than 30.0% of the global revenue in 2018 owing to high concentration of U.S-based manufacturers
Key players in organic soap include SUNDIAL BRANDS LLC; Lush Retail Ltd.; Osmia Organics, LLC; EO Products; Pangea Organics, Inc.; and Brittanies Thyme.

About Us:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Ceiling Fan Market Size is Estimated to Generate $12.5 Billion By 2025 | CAGR: 4.3%

The global Ceiling Fans Market size is expected to reach USD 12.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% over the forecast period. Increasing popularity of technologically advanced smart fans with various add-on convenience features including voice control and smartphone access is expected to play a key role in expanding the market reach. Additionally, implementation of new government initiatives to ensure the electricity access to the rural areas in developing economies including China, India, Bangladesh, and Mexico is expected to expand the demand for ceiling fans over the next few years.

Standard product was the largest product segment in 2018. Consumers prefer to purchase these products due to its wide range of availability, coupled with cost effectiveness. Additionally, under this product category, the companies are introducing high speed and energy saving products to cater to the growing requirements from the residential and commercial segments.

Small size fan is projected to be the fastest growing category with a CAGR of 7.7% from 2019 to 2025. This product is used in small rooms to circulate air and decrease temperature. Growing urbanization has led to room space problem in metro cities, which will promote the utility of small size products in the upcoming years.

Asia Pacific is expected to remain one of the lucrative markets for ceiling fans over the next few years. Expansion in the population of middle-class income groups in emerging economies including China, India, Bangladesh, and Philippines is expected to remain a favorable factor, which, in turn, will promote the usage of the product. Furthermore, implementation of various policies by the governments of China and India aimed at ensuring the electricity access to the rural households at the domestic level is projected to open new opportunities for the ceiling fan industry.

Key ceiling fan manufacturing firms include Crompton Greaves, Emerson Electric Co., NuTone, Hunter Fan Company, Shell Electric MFG Co. Ltd., Big Ass Fans, Ajanta Electricals, Del Mar Fans & Lighting, Mega Home Appliances, and The Henley Fan Company Ltd. Some of the manufacturers are focusing on new product developments and alliance formation with distributors in order to expand their reach to the consumers. Moreover, they are expected to increase spending on the launches of advanced products including smart fans.

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Ceiling Fan Market Report Highlights

Medium size products generated a revenue of USD 7.1 billion in 2018
Online channel is expected to ascend at the fastest CAGR of 5.1% from 2019 to 2025 as it provides excellent convenience to the buyers
The residential application segment is expected to account for more than 70.0% share of global revenue by the end of 2025
Asia Pacific dominated the ceiling fan market in 2018, accounting for a share of 51.9% owing to high concentration of middle-income groups in countries such as China and India.

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Kitchen Knives Market Size is Anticipated to Display 8.6% CAGR till 2025

The global Kitchen Knives Market size is expected to reach USD 2.08 billion by 2025 registering a CAGR of 8.6%, according to a new report by Grand View Research, Inc. Growing popularity of reality shows, such as Top Chef, MasterChef, Hell’s Kitchen, Iron Chef, and Chopped, which have renewed the arena of cooking, is the key growth-driving factor for the market. Moreover, cooking has become a prominent career choice, which is estimated to have a positive impact on the product demand. Increased importance of visual appeal in various food dishes will drive the product demand over the next few years.

Rising impact of social media platforms will also fuel the market growth. Key manufacturers in this market are Friedr. Dick GmbH & Co., Global Knives, KAI USA LTD., KIYA & Co., Ltd., MAC Knife, MASAMOTO, Mercer Culinary, Messermeister, Victorinox, Wüsthof, and Zwilling J. A. Henckels. Product development is expected to remain a critical success factor for the market participants. Thus, major companies have increased their spending on new product developments. For instance, In March 2019, Artisan Revere released Elmax, an 8.6-inch chef knife for uniform, smooth, faster cutting. In April 2019, Peak Knife Company launched Colorado 14ers chef’s knife made of German 1.4116 steel.

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

Further key findings from the study suggest:

Stamped blade products accounted for the largest revenue share of more than 75% in 2018 owing to their easy availability and low price
However, hand forged manufacturing products are expected to witness the fastest growth at a CAGR of 9.1% from 2019 to 2025
Commercial application is expected to be the fastest-growing segment over the next few years. Increasing number of eateries and restaurants is pushing the use of knives in commercial sector
Based on product size, 5-7 inch knives was the largest segment in 2018 and accounted for more than 35% of the overall market share
Convenience stores segment led the global kitchen knives market in 2018. However, online channel segment will register the maximum CAGR from 2019 to 2025
Asia Pacific is expected to be the fastest-growing regional market at a CAGR of over 9% during the forecast period

Friday 28 August 2020

Residential Lighting Fixtures Market Size Worth $21.17 Billion By 2025

The global Residential Lighting Fixtures Market size is expected to reach USD 21.17 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.9% during the forecast period. The rapid replacement of traditional lights with more energy-efficient and economical lighting fixtures is expected to remain a prominent trend. Furthermore, rising middle-class population in developing countries including China, India, Bangladesh, and Philippines as a result of urban development and increasing number of employment opportunities is projected to have a positive impact on the market.

The Light-emitting Diodes and Organic Light-emitting Diode (LED & OLED) led the market in 2018, contributing to over 50% of revenue share. High energy-efficiency and durability is anticipated to drive the growth. This segment is expected to witness steady growth in the upcoming years owing to the implementation of government initiatives aimed at encouraging the adoption of energy-efficient LED lighting instead of incandescent lighting.

Ceiling and wall mounted together held the largest share of the global residential lighting fixture market with over 60% of the total revenue share in 2018. These products illuminate the whole room and make it appear brighter and larger. In addition, availability of a wide range of ceiling and wall mounted fixtures appropriate for different types of homes and décor is anticipated to bode well for the product demand.

Asia Pacific held the leading market share of more than 45% in 2018. Rising number of residential buildings in emerging economies including China, India, and Philippines on account of easy loan assistance by banks for home construction is expected to expand the use of lighting equipment. Additionally, the increasing number of smartphone users in these countries is expected to encourage manufacturers to launch products in their online stores.

Key manufacturers include Koninklijke Philips N.V.; Cree Inc.; General Electric; Hubbell Lighting, Inc.; Acuity Brands, Inc.; Eaton Corporation; Panasonic Corporation; OSRAM Licht AG; Nichia Corporation; and Everlight Electronics Co., Ltd. New product launches is expected to remain a key competitive strategy in the forthcoming years.

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https://www.grandviewresearch.com/industry-analysis/residential-lighting-fixtures-market

Further key findings from the report suggest:

Ceiling segment generated a revenue of more than USD 4 billion in 2018
LED and OLED product segment is expected to account for a market share of 59.3% in terms of revenue by the end of 2025, owing to excellent energy efficieny of the products.
Middle East and Africa is expected witness the fastest CAGR of 6.2% from 2019 to 2025. The scope for electrification along with government initiatives in African countries including Nigeria, Kenya, and Ethiopia is projected to open new avenues
Asia Pacific led the residential lighting fixture market with more than 45% of revenue share
Online distribution channel is expected to expand at a CAGR of 8.7% from 2019 to 2025

Hand Blender Market Growth, Trends, Opportunities and Forecast

The global Hand Blender Market size is expected to reach USD 398.3 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.2% over the forecast period. Increasing urbanization, coupled with shifting consumer preference towards compact and portable kitchen appliances, is expected to augment market demand. In addition, rising importance of multifunctional kitchen devices among the consumers, who are looking for convenient solutions, is expected to have a positive impact on the market growth.

Corded product was the largest segment, accounting for a share of more than 75.0% in 2018. Major manufacturers include BSH Home Appliances Group;Koninklijke Philips N.V.; Panasonic Corporation; Braun GmbH; Breville USA, Inc.; and Wonderchef Home Appliances Pvt. Ltd. are launching new technological products in order to gain the maximum customer base.

For instance, in March 2018, Braun GmbH launched its one of the most successful hand blenders under the brand name ‘Braun MultiQuick 5 Baby’. The company launched these products in ‘International Home + Housewares Show’ held in March 2018 in Chicago, Illinois. These innovative product launches increase the product visibility. The device is powered by 350 watts, coupled with multiple speed setting.

Asia Pacific is expected to be the fastest growing market, expanding at a CAGR of 9.0% from 2019 to 2025. Over the past few years, major players have been adopting marketing strategies including innovative product launch, increased R&D, and mergers and acquisitions in order to cater to the increasing demand for technologically advanced products in the region.

For instance, in October 2017, Smeg S.p.a., an Italy based company pioneered in home appliances manufacturing, launched its brand new portable kitchen appliance under the brand name ‘HBF02 hand blender’. The device was equipped with 700 W motor, along with a variable speed controller. The product has improved its ergonomics and provided it with an anti-slip grip.

Key players include BSH Home Appliances Group; Koninklijke Philips N.V.; Panasonic Corporation; Whirlpool; Wonderchef Home Appliances Pvt. Ltd.; Braun GmbH; Breville USA, Inc.; Smeg S.p.a.; Newell Brands; JVC Kenwood Corporation; and Iris Ohyama Inc. Hand blender manufacturers are expected to adopt product innovation in order to tap new markets over the next few years.

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

Further key findings from the report suggest:

The global hand blender market is fragmented in nature owing to the presence of a large number of strong players as well as new entrants
Corded product emerged as the largest segment with a share of more than 75.0% in 2018
Online distribution channel is expected to be the fastest growing segment with a CAGR of 8.7% from 2019 to 2025
North America was the largest market, accounting for a share of 30.5% in 2018 owing to significant demand for modular kitchen and portable kitchen appliances in U.S. and Canada
The APAC market is anticipated to witness significant growth owing to population growth and urbanization in developing economies including China and India.

Denim Jeans Market Trends, Research, Analysis, Key Players, Scope and Outlook Report

The global Denim Jeans Market size is expected to reach USD 102.45 billion by 2025 registering a CAGR of 6.81%, according to a new report by Grand View Research, Inc. Growing target population across the globe along with a rise in consumer disposable income levels, especially in emerging countries, is projected to drive the market over the forecast period. In addition, improving standards of living and constant product innovations in the market will drive the demand further.

The offline distribution channel is projected to be the largest segment over the next few years. Rising number of design stores, fashion stores, specialty stores, etc. are contributing to the product sales through offline channels. The North America regional market is anticipated to account for the largest revenue share by 2025 due to the rise in the sales of retail products in the clothing market. In U.S., the retail sales of apparels surpassed USD 15.21 billion in 2017.

Most of the major manufacturers have undertaken several business strategies, such as geographical and capacity expansion, technological and product innovation, M&A, and R&D investments, to boost their sales. Some of the key companies in the denim jeans market are Levi Strauss & Co.; VF Corp.; The Gap, Inc.; H&M Hennes & Mauritz AB; Kering S.A.; Pepe Jeans S.L.; PVH Corp.; Bestseller A/S, and U.S. Polo Assn.

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Denim Jeans Market Report Highlights

Rapidly expanding apparel and clothing market, particularly in developed countries, is expected to propel the market growth
In terms of revenue, men end user segment is projected to account for the largest share of the global market by 2025
Offline distribution channel segment led the global denim jeans market in 2018 and accounted for a share of more than 85%
North America was the dominant regional market in 2018 and is projected to expand further at a steady CAGR from 2019 to 2025
However, APAC is projected to register the fastest CAGR during the forecast years due to increasing consumer disposable income levels in India, South Korea, China, and Japan

Thursday 27 August 2020

Premium Lager Market Size Worth $219.9 Billion By 2025

The global Premium Lager Market size is expected to reach USD 219.9 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.5% over the forecast period. Growing demand for authentic beer on account of the health benefits related to cardiovascular issues, kidney problems, mental stress, and anxiety issues is expected to have a positive impact on the market growth. In addition, increasing disposable income and adoption of western culture among middle class income groups of developing economies including China and India are expected to remain favorable factors over the forecast period.

Asia Pacific is expected to witness the fastest growth over the next few years as a result of increasing demand from working class professionals in key countries including China and India. As of 2018, China had a millennial population of more than 400 million, which is high as compared to U.S. and Western Europe. Therefore, consumers are expected to increase leisure spending including, visiting the restaurants and pubs. This trend is expected to increase the consumption of products including premium lager over the next few years.

On-trade channels are expected to reach a value of more than USD 135 million by the end of 2025. Over the past few years, companies including B-Dubs and The Bar Stock Exchange are coming up with new bar joints and restaurants, providing an authentic experience of alcoholic products, including premium lager. Furthermore, rising inclination towards after-drinking culture and dine-out at a global level is expected to promote the visibility of bars as well as restaurants for lager in the near future.

Off-trade channels are expected to remain one of the key selling channels among the buyers in developing countries including China and India as they offer the products in retail prices. Furthermore, these channels attract the consumers through offering services including gift packages and combo packs. Growing popularity of after-drinking culture among the working class professionals as a result of hectic workstyle is expected to propel the consumers to utilize these channels for purchasing alcoholic drinks including premium lager from off-trade channels such as beer shops.

The industry is highly competitive in nature with the key market players including Heineken N.V, Constellation Brans, Carlsberg Breweries A/S, B9 Beverages Pvt. Ltd., and Anheuser-Busch InBev SA/NV. Product innovation is expected to remain a key critical success factor over the next few years. In September 2018,Woodpecker Distilleries & Breweries Private Limited launched a premium lager under the brand name, Blackfort, in India.

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

Further key findings from the report suggest:

Conventional product types dominated the global premium lager market with an overall revenue share of 54.6% in 2018. This growth is due to easy availability and low price as compared to craft product types at a global level
The off-trade distribution channel is expected to expand at a CAGR of 5.0% from 2019 to 2025. These products are purchased through liquor stores, conventional stores, and hypermarkets
Europe held the largest market share in 2018. This trend is projected to continue over the next few years on account of predominant consumption of products in key markets including Germany, U.K., and France
Product innovation is expected to remain a critical success factor among premium lager manufacturing firms.

Laptop Carry Case Market Worth $2.35 Billion By 2025 | CAGR: 3.4%

The global Laptop Carry Case Market size is expected to reach USD 2.35 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 3.4% during the forecast period. The growth is attributed to increasing demand for easy carriage of laptop and light weight bags. The features such as multi-storage devices, GPS tracking, anti-theft protection, built-in power supply, and device status notification control among others anticipated to boost the product sales.

Rising adoption of laptop as a mainstream device, aesthetic appeal of the carry cases, and rising fashion consciousness among consumers are a few prominent growth drivers. Smart laptop carry cases are projected to witness significant rise in demand as they provide functionality of a carry case with features of smart technology. Demand for easy to carry and light weight laptop cases in growing due to rising fares on luggage and strict weight limitations for carry ons for the airline industry. Hence, many manufacturers are introducing products with light fabrics made using high-end production technology.

Growing business and working class population coupled with increasing use of laptops among students is anticipated to boost the product demand. Also, growing trend of Bring Your Own Device (BYOD) as many companies look forward to increasing the flexibility of employees working hours, providing access to work, increasing productivity, and reducing cost of operation, is supporting the market growth.

Backpack segment holds the largest market share owing to high product adoption among students and business class. Enough storage space support, and even load balancing on shoulders are some other advantages driving the product demand. Backpack is also estimated to be the fastest growing segment owing to increasing usage of technology and additional features such as inbuilt charging, USB ports, GPS tracking, lock system, and solar panel mount among others. Messenger bags are also expected to witness significant growth over the forecasted period due to the aesthetic appeal of the product among corporate and business class as it is associated with briefcases, which are used in professional settings.

Brick and mortar accounts for the largest market share owing to increase in offline stores such as hypermarkets, supermarkets, omni channels, house and office goods, and specialty stores. Also, increasing outlets of international players in various domestic and international airports is supporting the growth. Whereas, online sales channel is expected to register a rapid CAGR over the forecast period due to growing penetration of e-commerce industry, discounters, free shipping, product availability, ease of product comparison in terms of features and price.

North America is estimated to witness significant growth over the forecasted period owing to presence of large business class, travelers, and high use of electronic devices such as laptops. Growing EdTec industry is also anticipated to support the demand for laptop carry case over the forecast period.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/laptop-carry-case-market

Further key findings from the report suggest:

Backpack held the largest market share of more than 50% in 2018 and is anticipated to register the fastest CAGR of 3.8% over the forecasted period
Asia Pacific accounts for the largest market share and is estimated to be the fastest growing region due to growing expenditure on electronic devices
Some of the key players operating in the global laptop carry case market include Samsonite International; ACCO Brand; SwissGear; Targus Inc.; AsusTeK Computer Inc.; Fabrique Ltd.; and Thule Group AB

Robotic Wheelchairs Market is Estimated to Register 9.4% CAGR till 2025

The global Robotic Wheelchairs Market size is expected to reach a value of USD 142.6 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 9.4% over the forecast period. Growing need for independent mobility assistance by the geriatric population with moving disabilities is expected to drive the market. Moreover, rising spending power among the consumers, along with introduction of technologically advanced mobility products by the companies, is expected to drive the market.

Growing penetration of robotic wheelchairs as an artificial assistance due to advanced features such as navigation, detecting obstacles, sensor technology, and artificial intelligence. Presence of people with physical ailments or loss of mental control is expected to increase the demand in the market. According to the Journal of Rehabilitation Research and Development, the NavChair is an assistive navigation system developed with a mobile robot i.e. vector field histogram to avoid obstacles, follow walls, and travel safely.

In 2018, the residential application segment held the largest share of 82.9%. Application of manual wheelchairs for daily life activities increases the dependency level on others. For instance, Toyota, as a part of an agreement with DEKA Research and Development, is making the iBot wheelchairs for climbing stairs. The commercial application segment is expected to expand at a CAGR of 10.8% over the forecast period. Smart future urban mobility research group developed smart wheelchairs that can be used at airports and hospitals.

Retail distribution held the largest share of 82.5% in 2018. Reliability of the product is considered to be high in retail stores than other modes of distribution channel. In addition, e-commerce distribution mode is expected to register the fastest CAGR of 11.0% over the forecast period. Ease of accessibility throughout the world for the best smart wheelchairs is a key factor expected to drive the channel over the forecast period. Many companies have their own online platforms and some of them are tying up with others.

North America emerged as the largest regional market with a value of USD 25.0 million in 2018. The region is expected to maintain its lead over the forecast period. Reimbursement of insurance claims, growing aging population, and technological advancements are driving the market. For instance, Massachusetts scientist, Matt Walter and PhD candidate, Sachi Hemachandra launched a voice controlled robotic wheelchair for elder care. Similarly, Invacare Corporation launched a wheelchair with a special technology called G-trac technology for better control system.

Companies are integrating with universities and startups to develop something advance to cater to the needs of the vast consumer base. For instance, Intel collaborated with Brazilian startup Hoobox Robotics to develop a smart wheelchair “wheelie”, which has an access to read facial expressions as human behavior.

Key players in the market include Sunrise Medical LLC; Invacare Corporation; Permobil Corporation; Meyra GmbH; Karman Healthcare; Ottobock SE& Company; Matia Robotics; Upnride Robotics; DEKA Research & Development; and Whill Inc.

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

Further key findings from the report suggest:

The residential application segment held a dominant share of 82.9% in 2018
North America dominated the market in 2018 with a value of USD 25.0 million in 2018. This trend is projected to continue over the next few years
Asia Pacific is anticipated to witness high demand on account of increase in requirement for independent mobility
The robotic wheelchairs market is highly competitive in nature with the main players including Invacare Corporation, Permobil Corporation, Meyra GmbH, and Karman Healthcare
Various manufacturers are concentrating on new product launches and capacity expansion in order to estimate existing and future demand patterns from upcoming product segments.

Soda Water Dispenser Market: Current Trends and Growth Opportunities

The global Soda Water Dispenser Market size is expected to reach USD 1.5 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 growth in the market is attributed to consumer spending on quick and convenient soda dispensing options, along with the rise in demand from the quick service restaurants. Moreover, drastic changes in the purchasing power of consumers in developing countries such as China and India are likely to drive the demand over the forecast period.

The market is driven by increasing number of fast food restaurants in Asia Pacific, along with rise in sales of cost effective and plastic free products in the industry. Growing working population, rise in disposable income of consumers, and increasing preference for a fresh and active working environment in the commercial industry are anticipated to boost the product demand. Moreover, growing demand for hygienic products as well as efficient and dispensing appliances is anticipated to drive the market.

A large number of manufacturers and distributors are entering the industry due to growing demand for soda water dispensers that are convenient and reliable for consumers. The soda dispenser reduces the cost of packaging and bottling and gives higher profit margins to its owners, thereby resulting in boosting the sales in the market over the forecast period.

The soda water dispenser market in Asia Pacific is anticipated to witness significant growth due to high consumer demand for hygienic and effective soda dispensing appliances, along with growing product launches in the market. Moreover, rise in the product sales has been observed due to the local vendors providing soda drinks through the machines in Asia Pacific. However, increasing domestic manufacturers in the segment due to a wide consumer base and demand have driven the market.

Growing consumer demand for fresh and quick dispensing options for soda drinks in the market, along with increasing focus of leading players on developing the products with automated features and increased efficiency, will fuel its demand in the market. Rise in product launches and marketing campaigns by the companies so as to increase their product offerings in the market is a key driving factor. The market is recognized by a few initiatives such as acquisitions and mergers and online sales. Key players in the market include The Coca-Cola Company; Pepsico Inc.; Dr. Pepper; Lancer Corp.; and Cornelius, Inc.

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Soda Water Dispenser Market Report Highlights

In terms of revenue, countertop products accounted for the largest share of 69.1% in 2018
Lever dispenser style dominated the global market with an overall share of 71.3% in 2018
North America dominated the global market in 2018, accounting for 42.1% share of the overall revenue. This trend is projected to continue over the next few years
The soda water dispenser market in Asia Pacific is anticipated to witness growth due to increasing disposable income in India, South Korea, China, and Japan
The industry is highly competitive in nature with the main players including The Coca-Cola Company, Pepsico Inc., and Dr. Pepper, Lancer Corp., and Cornelius, Inc.

Wednesday 26 August 2020

Heated Jacket Market Size is Projected to Register 22.8% CAGR till 2025

According to a study conducted by Grand View Research, Inc., the Heated Jacket Market accounted for USD 69.61 million in 2018 and is expected to grow substantially over the forecast period (2019 - 2025). Constantly dropping temperature, especially North America and Europe going below freezing point, during winters is one of the major factors driving the growth of the market.

Heated jackets produce heat and provide additional warmth due to the battery powered heated pads. Sports enthusiasts, construction workers, military forces, etc. find extensive usage of heated jackets. While purchasing these products, consumers look for versatility, style, weather resistance, and heating pad locations.

Heated jackets are mostly preferred by sports enthusiasts who enjoy hiking, skiing, snowboarding, mountaineering, and biking, as it enables free mobility. Another major application is in military as it helps maintain comfortable body temperature for military personnel during patrolling and during combat in extreme cold conditions.

Press Release: Heated Jacket Market Worth $293.24 Million By 2025

In 2018, North America accounted for the largest share of the market due to cool breeze and heavy snowfall during winters. In order to protect the body during extreme winters, normal clothing is not entirely enough, thus boosting the demand for heated jackets in the region.

Due to technologically advanced products, the market in Asia Pacific region has witnessed growth over the last few years. The growth is due to rising outdoor and adventure sports activities such as hiking and trekking across Himalayas, which is expected to drive the demand for heated jackets in the forecast period. Countries that have the largest demand for these products are Japan, China, and India.

Product innovations, such as installation of USB charging port inside the jackets are anticipated to drive the product demand. For instance, Dewalt has manufactured heated jackets with two USB ports included on battery adaptor for charging small electronic gadgets. Introduction of smart technologies such as sensors that regulate temperature and voice-enabled features that manage the jacket temperature are anticipated to further fuel the product demand.

Marketing campaigns along with leveraging technological advancements are the major strategies incorporated by the manufacturers to retain the consumers in order to gain an edge over the competitors. In order to attract maximum customers, leading companies provide products with various smart features. For instance, ministry of supply launched mercury intelligent heated jacket to provide the best comfort as it analyzes external factors, body temperature, user preference, and motion data. Some of the leading companies in the heated jacket market are Dewalt, Bosch, Milwaukee, and Ororo.

Yoga Mats Market Size is Estimated to Generate $17.32 Billion By 2025

The global Yoga Mat Market size is anticipated to reach USD 17.32 billion by 2025 registering a CAGR of 5.8%, according to a new report by Grand View Research, Inc. Supportive government initiatives to promote yoga across the world will fuel the product demand over the forecast period. Rising number of yoga studios due to growing popularity of the technique in countries including U.S., China, and Australia is also expected to boost the product demand in the coming years.

The Polyvinyl Chloride (PVC) material segment accounted for the maximum market share of 40.3% in 2018 due to high efficiency and low cost of these materials. However, manufacturers are focusing on developing products from eco-friendly and biodegradable materials, such as rubber and Thermoplastic Elastomer (TPE), owing to stringent government regulations on use of plastic. Thus, rubber material segment is anticipated to expand at the fastest CAGR of 7.1% over the forecast period. Moreover, rubber is highly UV-resistant and easy to clean, which drives the segment further.

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Yoga Mats Market Report Highlights

North America is anticipated to be the largest regional market over the forecast period. Increasing awareness about the health benefits of yoga is expected to boost the product demand
However, Asia Pacific is projected to be the fastest-growing regional market at a CAGR of 7.3% from 2019 to 2025
Online distribution channel segment is anticipated to witness the fastest growth rate over the forecast period
Increasing usage of smartphones and internet, especially in developing countries like India and China, is expected boost product sales through online channel
The global yoga mats market is highly competitive. Some of the top companies are Alo Yoga, Inc.; Lululemon; Manduka; Jade Yoga; prAna; Hugger Mugger; Khataland; Liforme Ltd.; Dragonfly; and Tomuno

Entrance Matting Market Size Worth $7.2 Billion By 2025 | CAGR: 5.1%

The global Entrance Matting Market size is expected to reach USD 7.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.1% over the forecast period. Growing popularity of new and innovative flooring solutions such as marble, wooden, laminate, and parquet flooring has boosted the utilization of the floor mats to protect them from scratches and damages, thereby fueling the market growth. Moreover, continuous expansion of the commercial sector such as hospitality, hospitals, fitness centers, institutions, and shopping malls is expected to ramp up the market penetration in the next few years.

Home furnishing is a trending activity among the consumers, wherein door entrance mats are gaining significant traction. Consumers are preferring layered mattings for better functionality and pleasing appeal. Growing popularity of walk-off entrance mats in the residential and commercial sectors has been driving the global market in the recent years.

The residential end user segment accounted for the largest share of more than 55.0% in 2018. Increasing disposable income, coupled with various government policies related to real estate, has resulted in an increase in the rate of home ownership, which, in turn, supports the growth of the global entrance matting market. With improving lifestyles, entrance door mattings have turned out to be one of the essential elements of home décor among the consumers. Wiper and scraper door mats are the most preferred type in the residential sector due to presence of prongs or other teeth-like structures that remove debris from the shoes.

The commercial/non-residential segment is expected to witness significant growth owing to increasing hospitality, hospital, corporate, recreational venues, and institutional projects. By the end of the first quarter of 2016, about 4,471 hospitality projects were under construction in U.S. According to the latest United States Construction Pipeline Trends Report, Lodging Econometrics estimated that hotel development by upscale chains represented about 1,384 projects of the total domestically. These ongoing construction projects are expected to drive the application of entrance mattings, thereby contributing to the growth of the global market.

Asia Pacific is expected to witness significant growth during the forecast period owing to increasing number of commercial constructions in countries such as India, China, and Indonesia. Asia Pacific hotel pipeline is expected to witness about 2,204 projects by 2023, which is one of the key factors driving the market demand.

Some of the major players operating in the global market are 3M Company, Advance Flooring Systems, Axis House Ltd., Birrus Matting Systems, Forbo Holding AG, Millikan & Company, Superior Manufacturing Group, Cintas Corporation, Eagle Mat & Floor Products, and Bergo Flooring AB. The companies operating in this industry focus mainly on expanding the product offerings and increasing their sales strategies to gain and maintain their share in the global market.

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Entrance Matting Market Report Highlights

The global market is expected to expand at a CAGR of 5.1% from 2019 to 2025, thereby reaching a value of USD 7.2 billion by 2025
North America held the largest share of 30.8% in 2018. The market is majorly driven by high demand in U.S.
By end user, the commercial/non-residential segment is expected to at a CAGR of 5.4% from 2019 to 2025 due to increasing hospitality, hospital, corporate, recreational venues, and institutional projects.