Market Trends and Growth

Tuesday, 28 September 2021

Webcam Market Size Worth $18.1 Billion By 2028

The global Webcam Market size is expected to reach USD 18.1 billion by 2028, registering a CAGR of 12.9% from 2021 to 2028, according to a new report by Grand View Research, Inc. Factors such as the rising concern regarding security and surveillance, increasing emphasis on virtual meetings across the commercial sector, and continuous product innovations are expected to support the growth of the market.

The market has also benefitted from the continual advancements in technology, allowing for better recording, zoom quality, and better streaming. An increasing number of webcams in the market incorporate advanced features such as 1080p resolution, 60 fps video streaming, auto light correction, and autofocus, targeting emerging customers such as video-streamers and professional gamers. Advanced features such as these also facilitate the application of webcams in smart home security systems for remote surveillance.

Furthermore, state-of-the-art web cameras are finding increased demand across telehealth services. Healthcare professionals deploy webcams to examine and prescribe medicines to patients living in remote or distant locations. For instance, Secure Telehealth, a web-based platform provider for telemental health, collaborated with Logitech. Under the collaboration, the company deployed cost-effective and high-resolution Logitech webcams to offer remote mental health services to patients from distant geographies.

The COVID-19 pandemic has created an unprecedented demand for web cameras worldwide. The adoption of hybrid business models and remote working models in the enterprise sector has helped open promising opportunities for the market. In 2020, leading market participants, including Logitech, have witnessed more than 100% sales compared to the previous year, thanks to the notable rise in video conferencing and connecting virtually with peers and family members. Moreover, webcams played a prominent part in ensuring seamless access to K-12 education activities at the global level. Online education was promoted for continuing curriculums without any disruptions in the knowledge transfer between teachers and students.

Related Press Release@ Webcam Market Report

Webcam Market Report Highlights

In terms of technology, the digital segment is likely to witness the fastest CAGR of nearly 15.0% over the forecast period. This can be attributed to the soaring demand for better image quality and more video coverage area
In terms of product, the wireless segment is expected to witness the fastest growth. Volume-wise, the segment is expected to register a CAGR of close to 20% over the forecast period owing to benefits such as portability and better ease of use as compared to USB webcams
In terms of end use, the security and surveillance segment captured a revenue share of nearly 20% in 2020 with the rising need for real-time monitoring to detect uncertain movement and alerting about unexpected events
North America dominated in 2020 and accounted for a revenue share of over 35% of the overall market. This can be attributed to the early adoption of the latest technologies by the consumers based in this region

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

Monday, 13 September 2021

Southeast Asia Pipes Market Size Worth $24.8 Billion By 2028

The Southeast Asia Pipes Market size is expected to reach USD 24.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.3% from 2020 to 2028. Growing investments towards infrastructure development and the use of the product in construction refurbishment are factors expected to drive industry growth over the forecast period.

Factors such as changes in raw material prices, stringent government regulations regarding industrial processes, policies related to the environment, and sustainability of the products are likely to have an impact on the profit margins of the product manufacturers. Investors are highly exposed to long-term risks due to possible disruptions in the demand for raw materials, oil price fluctuations in the global market.

The COVID 19 pandemic has severely impacted the growth of the market in the region. Lockdown measures to curb the spread of the virus in several countries along with the disruption of the global supply chain have impacted the majority of industries including construction, food, and chemical processing. Moreover, complexities in the supply chain also caused a shortage in raw materials supply for the production of pipes.

Related Press Release@ Southeast Asia Pipes Market Report

Southeast Asia Pipes Market Report Highlights

The polypropylene pipes segment accounted for revenue share valued at USD 4.5 billion in 2020 on account of their superior chemical resistance and lower thermal conductivity, which prompts their usage in the HVAC, and drainage systems
The plumbing application segment is expected to register a sales revenue of USD 5.6 billion by 2028 due to the growth of the residential and commercial construction in the region owing to the rising adoption of ‘China plus one’ strategy by the major industry players
The commercial sector accounted for a revenue share of 72.8% in 2020 due to high consumption of the product in water supply infrastructure, hospitals, and industrial facilities
In Vietnam, the market is expected to witness a CAGR of 4.0% from 2020 to 2028 on account of rising investments for the development of drainage and sewage systems in the country driven by plans such as the Trenchless Sewerage Pipe Rehabilitation
Manufacturers focus on the production of new products for strengthening their market position. For instance, in March 2021, Wavin has launched its advanced low-noise pipe system, Wavin AS+ in Indonesia, which is currently witnessing significant urbanization and infrastructure development

Monday, 6 September 2021

U.S. Surgical Pet Collar Market Size is Predicted to Witness 7.2% CAGR till 2028

The U.S. Surgical Pet Collar Market size is anticipated to reach USD 219.0 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.2% from 2021 to 2028. Rising healthcare expenditure on domestic animals, growing demand for insurance, and an increase in the rate of pet adoption are anticipated to propel the growth of the market.

Surgical pet collars have proved to be extremely important for preventing pets from licking, biting, or scratching at a wound or a surgery site. Without these e-collars, pets have been seen to chew out stitches or worsen wounds, often requiring second surgeries to repair the damage. Licking or chewing at a wound can also result in severe infection, even antibiotic-resistant infections, which require longer treatment courses. In some cases, especially when abdominal surgeries are involved, life-threatening injuries can result from chewing out stitches. Thus, the penetration of surgical collars has widened with growing efforts to quicken the recovery of the pet post-surgery or injury.

Studies show that pets become important members of the household, providing comfort and companionship. Many children with autism and ADHD reportedly thrive working with therapy animals. The increasing adoption of surgical collars in the U.S. is due to the trends of pet owners spending money on keeping their pets healthy and purchasing products that help in keeping their pets comfortable, post-surgery and treatment.

Most manufacturers have been expanding their offerings through offline and online distribution channels and this is paving the way for higher consumer interaction and purchases. In addition to buying surgical pet collars at the vet, they can also be purchased at general merchandise stores or pet specialty shops. Some of the popular pet specialty shops in the country are PetSmart; Petco Animal Supplies, Inc.; Pet Valu; Pet Supplies Plus; and Pet Supermarket.

Creating surgical collars that can contribute to the health of the pet rather than deteriorating it presents a huge growth opportunity for pet collar manufacturers. As a result, manufacturers have been consistently investing in the development of collars that are customizable in size for different breeds, so that the animal’s eating or drinking is not impacted in any way.

The plastic collars segment dominated the market and accounted for the largest revenue share in 2020. These collars have cotton padding and are secured around the neck with Velcro on the neckline or can be directly attached to the regular collar. Some of these also have a padded outer rim to prevent chaffing. The rise in the adoption of dogs among baby boomers in recent years is anticipated to propel the market in the country. Millennials also hold a significant share when it comes to dog ownership, thereby driving the market.

Request a free sample copy or view report summary: U.S. Surgical Pet Collar Market Report

U.S. Surgical Pet Collar Market Report Highlights

By product, the inflatable surgical pet collar segment is projected to be the fastest-growing segment by progressing at a CAGR of 8.0% over the forecast period
The dog send-use segment was valued at USD 77.8 million in 2020 and is expected to reach USD 138.2 million by 2028
The plastic collar segment dominated the market and accounted for the largest revenue share in 2020

Wednesday, 19 May 2021

Bioactive Materials Market – Industry Insights by Application and Region, 2028

The global Bioactive Materials Market size is estimated to reach USD 5.85 billion by 2028 registering a CAGR of 14.0% over the forecast period, according to a new report by Grand View Research Inc. Growing geriatric population coupled with the advancement in various surgical procedures is expected to drive the product demand in the market. Rising consumer awareness about health and well-being is projected to drive market growth during the forecast period.

The product helps in promoting stem cell structure and the transplanted stem cells offer enhanced therapeutic effects in surgeries. Thus, a wide scope of application for these products in the replacement and reconstruction of damaged cells, tissues, and bones is fueling the product demand in the surgery application sector. Moreover, increasing technological advancements coupled with the growing demand for dental care and orthopedics, due to high awareness about oral health & hygiene, are also supporting market growth.

The availability of favorable healthcare policies and fast-curing surgical & low-cost post-implant procedures in various developed regions including, the U.S., Japan, France, and others, are offering positive growth prospects to the overall market. Some of the key applications of the product include dentistry, surgery, bioengineering, and others.

Related Press Release@ Bioactive Materials Market Report

Bioactive Materials Market Report Highlights

The glass material segment is expected to register the fastest CAGR of 14.8% over the forecast period
This growth is credited to high demand for glass materials owing to their nonporous and solid characteristics, which are suited for stimulation of bone growth and various surgical procedures
In 2020, dentistry emerged as the largest application segment with a share of 46.0% and is likely to ascend at a significant CAGR during the forecast period
Growing cases of oral health problems including cancer and gum problems are driving the product demand in the dentistry application segment
In 2020, North America emerged as the largest regional market owing to the increased number of dental procedures performed, such as tooth regeneration, root canal, bone-defect treatment, and various related surgeries
In Europe, the revenue for the powder type segment was valued at USD 157.9 million in 2020 and is anticipated to gain higher shares in the forecast period on account of rising demand from the dentistry, bioengineering, and surgery application industries
Asia Pacific is estimated to be the fastest-growing regional market during the forecast period on account of increasing product consumption as a result of rising health problems and growing population in emerging economies like China and India
Prominent players in the market have undertaken various initiatives, such as advancing healthcare infrastructure, partnership, and scientific research in collaboration with healthcare institutions
Moreover, government support and policies within the respective countries are expected to influence the market on a positive note

Monday, 12 April 2021

Car Care Products Market: Global Industry Analysis and Outlook, 2028

The global Car Care Products Market size is expected to reach USD 14.48 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.3% from 2021 to 2028. The increasing awareness among customers regarding the maintenance of cars to increase their life is expected to drive the market over the forecast period.

The market for car care products is expected to grow significantly owing to the advancements in car washing technologies. Several modern technologies such as in-bay automatic car washing systems and tunnel automatic car washing systems are used in large service centers and professional car washing facilities, which require minimal human effort, leading to a significant reduction in car washing time.

The market was severely impacted by the pandemic situation, where the lockdown has resulted in a decline in the sales of car care products on both the individual and commercial front. In addition, the economic crisis caused by the pandemic situation is expected to have an adverse effect on disposable income, consequently resulting in a decline in the sales of car care products.

Key players such as 3M Company, Inc.; The Clorox Company; and Valvoline Inc. are acquiring the production facilities or divisions of smaller players as a part of their strategies to enhance their scope of operations and provide better services to clients. The companies operate in multiple locations across Europe, North America, and Asia Pacific with global expansion plans.

Related Press Release @ Car Care Products Market Report

Car Care Products Market Report Highlights

By product, car cleaning products are expected to witness the fastest growth from 2021 to 2028 on account of the wide usage of shampoo and detergent for the cleaning of the exterior metal surface of the cars
The 501 - 999 ml packaging volume segment dominated the market in 2020 as it is a preferred option among individuals, small workshops, and independent repair shops
Asia Pacific is estimated to witness the fastest growth over the forecast period due to factors such as the growing population and rising disposable income in developing countries, such as India and South Korea, leading to the growth of the automotive industry
Key players significantly invest in research & development to expand their production capacities, thereby sustaining their market positions. Extension of product offerings to customers is also one of the primary strategies employed by the companies

Friday, 9 April 2021

Synthetic Fibers Market by Bombay Dyeing, E. I. du Pont de Nemours and Company, Indorama Corp.

The global Synthetic Fibers Market size is estimated to reach USD 99.78 billion by 2028 registering a CAGR of 6.6% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for clothing and apparel due to the changing fashion trends across the globe is likely to drive the market growth over the forecast period.

The properties offered by these products, such as stretching, waterproofing, and resistance to stain, sunlight, & oil, are likely to boost their demand during the forecast period. In addition, product application in various industries, such as clothing, home furnishing, automotive, filtration, and others, is expected to add significant growth to the market.

The market is heavily dependent upon the demand and changing consumer preferences, especially from the clothing and home furnishing products. Increasing adoption of strong and durable fabric for various land & air adventure sports applications involving parachutes and ropes is expected to have a positive impact on the market growth over the forecast period.

The majority of the players in the market are adopting recycling and advance technology methods. It involves the usage of recycling secondary raw materials (MPS) from synthetic textile fiber wastes and composites that exhibit anti-microbial properties. This trend is expected to increase during the forecast period in the wake of rising environmental and health concerns across the globe.

Related Press Release @ Synthetic Fibers Market Report

Synthetic Fibers Market Report Highlights

Polyester is expected to account for the maximum revenue share by 2028 on account of the high product penetration in various application industries as it is long-lasting and durable, thus substitute for many natural fibers, such as cotton
The nylon product segment is estimated to register the fastest CAGR over the forecast period
This is owing to the extensive product use for clothing, reinforcement materials in automobiles, and injected molded parts for vehicles and mechanical equipment
The clothing application segment led the market, in terms of revenue as well as volume, in 2020, on account of changing consumer fashion trends and demand for cost-effective & easy-to-maintain clothes across various geographies
Asia Pacific is expected to be the largest as well as the fastest-growing regional market with a CAGR of more than 7% over the forecast period
This growth is credited to the high product demand from the clothing, home furnishing, and automotive application industries of the region
North America emerged as the second-largest regional market in 2020 on account of the product demand from the clothing and automotive application segments

Reclaimed Lumber Market: Industry Demand, Analysis and Future Trends 2028

The global Reclaimed Lumber Market size is expected to reach USD 70.37 billion by 2028 registering a CAGR of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. The global market is fueled by increasing awareness about the product among building material consumers and rising demand for green building materials.

The global industry growth is also credited to the burgeoning demand for wood-based products in flooring, furniture, paneling & siding, and architectural millwork owing to their durability and aesthetics. The antique look and aesthetic appeal offered by these products are the major factors responsible for its high demand.

Increased penetration of the product in the construction industry due to factors, such as its eco-friendly nature, availability of a wide range of products under LEED certifications, and rising adoption of green building construction materials, is expected to augment the market growth over the forecast period.

Key market players majorly focus on offering high-quality materials to their customers and follow a focused cost leadership. The companies attempt to diversify their business through consistent quality and better customer service. New entrants or small market players prefer to develop a strategic relationship with local end-users, such as furniture manufacturers or construction contractors, who consume a large portion of the products.

Related Press Release @ Reclaimed Lumber Market Report

Reclaimed Lumber Market Report Highlights

The furniture application segment dominated the market in 2020 and is expected to retain the leading position throughout the forecast period
This growth can be attributed to the high product penetration in commercial and residential construction sectors
The commercial end-use segment led the market in 2020 and is expected to witness the fastest growth from 2021 to 2028
The segment growth is credited to the extensive product usage in commercial applications as it offers aesthetic appeal and high durability & strength
Asia Pacific is estimated to witness the fastest CAGR of 5.6%, in terms of revenue, owing to the increasing awareness regarding the use of salvaged wood and the potential of the region’s construction industry
China dominated the Asia Pacific regional market and is expected to witness a CAGR over the forecast years due to its vast wood-based construction industry and increasing awareness regarding the reduction of Greenhouse Gas (GHG) emissions in the country
The market witnesses increased integration of companies across the value chain. The companies attempt to diversify their business through consistent quality and better customer service