Consumer Goods

Hair Extension Market to Reach USD 4.4 billion by 2032, driven by the growth in investment in infrastructure across the globe: Global Insight Services

New York, February 2023: According to a new research study by Global Insight Services (GIS), the global Hair Extension market is expected to grow rapidly over the next 10 years to reach a value of more than USD 4.4 billion by 2032.

Hair extensions are a way to add length, volume, and color to your hair. There are many different types of hair extensions, including clip-in extensions, tape-in extensions, and sew-in extensions. Extensions can be made from real human hair or from synthetic fibers.

Clip-in hair extensions are the most popular type of extensions. They are easy to put in and take out, and they don’t require any permanent commitment. Tape-in extensions are another popular option. They are applied with adhesive tape, and they last for about six weeks. Sew-in extensions are the most permanent type of extension, and they are sewn into your natural hair.

Extensions can be a great way to add length, volume, and color to your hair. However, it is important to choose the right type of extension for your hair type and lifestyle. Extensions can be damaging to your natural hair, so it is important to consult with a professional before getting extensions.

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Hair Extension Market: Key Trends and Drivers

The key drivers of the hair extension market are:

1. Increasing awareness of hair extensions: There is an increasing awareness of hair extensions and their benefits among women. This is driven by celebrities and social media influencers who are often seen sporting different hairstyles using hair extensions.

2. Variety of hair extension types: There is a wide variety of hair extension types available in the market, which gives women the opportunity to choose the type that best suits their needs.

3. Ease of use: Hair extensions are relatively easy to use and can be applied at home without the need for professional help.

4. Affordable: Hair extensions are generally more affordable than other hair styling options such as hair transplants.

5. Time-saving: Applying hair extensions can save a lot of time compared to other hair styling options such as curling or straightening the hair.

Hair Extension Market: Restraints and Challenges

The main restraints on the hair extension market are the high cost of hair extensions and the lack of knowledge about them among consumers. Hair extensions can be very expensive, and the cost can vary depending on the type of hair extension, the length of the hair, and the quality of the hair. This can be a barrier to entry for many consumers. In addition, many consumers are not aware of the different types of hair extensions available, and how to properly care for them. This can lead to damaged hair and even hair loss.

Hair Extension Market Report Findings

https://www.globalinsightservices.com/reports/hair-extension-market/

The synthetic hair extension segment is anticipated to dominate the market during the forecast period

Based on type, it is segmented into synthetic hair extension, human hair extension, and animal hair extension. The synthetic hair extension segment is anticipated to dominate the market during the forecast period. Similarly, the human hair extension segment is anticipated to witness the fastest growth during the forecast period.

The haircare segment is anticipated to dominate the market during the forecast period

Based on end use, it is segmented into haircare, beauty & cosmetics, and others. The haircare segment is anticipated to dominate the market during the forecast period. Similarly, beauty & cosmetics segment is anticipated to witness the fastest growth during the forecast period.

The North American region is anticipated to dominate the market during the forecast period

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period.

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Competitive Landscape

The key players studied in the report are Great Lengths Universal Hair Extensions SRL, Balmain Hair Group B.V., Esqido SO.CAP., The Original USA, Donna Bella OpCo LLC, Cinderella Hair Extension, Klix Hair Inc, Racoon International, Hairlocs, Viva Femina Inc., among others.

Hair Extension Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Hair Extension market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future Hair Extension market potential from 2022 to 2032 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Hair Extension market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Hair Extension industry.

Global Hair Extension Market Segmentation

By End-Use

• Hair Care
• Beauty & Cosmetic
• Others

By Type

• Synthetic Hair Extension
• Human Hair Extension
• Animal Hair Extension

By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • Japan
  • South Korea
  • Rest of APAC
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• Great Lengths Universal Hair Extensions SRL
• Balmain Hair Group B.V.
• Esqido SO.CAP.
• The Original USA
• Donna Bella OpCo LLC
• Cinderella Hair Extension
• Klix Hair Inc.
• Racoon International
• Hairlocs
• Viva Femina Inc.

Food Robotics Market to Reach USD 7505.1 million by 2032, driven by the growth in investment in infrastructure across the globe: Global Insight Services

New York, January 2023: According to a new research study by Global Insight Services (GIS), the global Food Robotics market is expected to grow rapidly over the next 10 years to reach a value of more than USD 7505.1 million by 2032.

Food robots do intricate production tasks such as dispensing, inserting feed, packaging and casing, picking and placing goods into containers, sorting raw materials, and labelling packages. They support the high-speed, repetitive, and laborious industrial processes needed in harsh environments like hot temperatures. Additionally, they reduce production costs, save time and space, and enhance the cleanliness, safety, and effectiveness of manufacturing processes. Leading companies in the global food and beverage (F&B) business are automating the manufacturing of food using food robots technology in order to mass-produce goods with excellent yields and precision.

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Food Robotics Market: Key Trends and Drivers

Food robots do intricate production tasks such dispensing, inserting feed, packaging and casing, picking and placing goods into containers, sorting raw materials, and labelling packages. They support the high-speed, repetitive, and laborious industrial processes needed in harsh environments like hot temperatures. Additionally, they reduce production costs, save time and space, and enhance the cleanliness, safety, and effectiveness of manufacturing processes. Leading companies in the global food and beverage (F&B) business are automating the manufacturing of food using food robots technology in order to mass-produce goods with excellent yields and precision.

Food Robotics Market: Restraints and Challenges

The adoption and implementation of food robotics require a skilled workforce. There is a scarcity of people specializing in disciplines like electrical, embedded, software, and mechanical, which are required for the installation and maintenance of robots. Also, there is a deficit of highly qualified employees with specific skills needed to develop high-value-added robots integrated with advanced technologies.

Food Robotics Market Report Findings

https://www.globalinsightservices.com/reports/food-robotics-market-2/

The articulated segment is anticipated to dominate the market during the forecast period

Based on the type, it is segmented into articulated, cartesian, SCARA, parallel, cylindrical, collaborative, and others. The articulated segment is anticipated to dominate the market during the forecast period. Similarly, cartesian segment is anticipated to witness the fastest growth during the forecast period.

The medium segment is anticipated to dominate the market during the forecast period

Based on the payload, it is segmented into low, medium, and high. The medium segment is anticipated to dominate the market during the forecast period. Similarly, high segment is anticipated to witness the fastest growth during the forecast period.

The palletizing segment is anticipated to dominate the market during the forecast period

Based on the application, it is segmented into palletizing, packaging, repackaging, pick & place, processing, and others. The palletizing segment is anticipated to dominate the market during the forecast period. Similarly, packaging segment is anticipated to witness the fastest growth during the forecast period.

North American region is anticipated to dominate the market during the forecast period

Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. North American region is anticipated to dominate the market during the forecast period. Similarly, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period.

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Competitive Landscape

The key players studied in the report are Mitsubishi Electric Corporation, ABB Group, Kawasaki Heavy Industries Ltd., Rockwell Automation Incorporated, FANUC Corporation, Universal Robots A/S, Seiko Epson Corporation, Yaskawa Electric Corporation, Staubli International Corporation, and Mayekawa Mfg. Co., Ltd. among others.

Food Robotics Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Food Robotics market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future Food Robotics market potential from 2022 to 2032 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Food Robotics market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Food Robotics industry.

Global Food Robotics Market Segmentation

By Type

• Articulated
• Cartesian
• SCARA
• Parallel
• Cylindrical
• Collaborative
• Others

By Payload

• Low
• Medium
• High

By Application

• Palletizing
• Packaging
• Repackaging
• Pick & Place
• Processing
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• The Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • The Middle East
  • Africa

Key Players

• Mitsubishi Electric Corporation
• ABB Group
• Kawasaki Heavy Industries Ltd.
• Rockwell Automation Incorporated
• FANUC Corporation
• Universal Robots A/S
• Seiko Epson Corporation
• Yaskawa Electric Corporation
• Staubli International Corporation
• Mayekawa Mfg. Co., Ltd.

Smart Toys Market to Reach US$ 69.6 Bn by 2032, driven by rapid adoption of the Internet of Things: Global Insight Services

New York, January 2023: According to a new research study by Global Insight Services (GIS), the global Smart Toys Market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 69.6 Billion by 2032.

Smart toys are interactive toys that can respond to a child’s actions and provide educational content. They often use technology such as sensors, software, and artificial intelligence to create an immersive and engaging experience for children. Some popular smart toys include robotic pets, digital dolls, and educational gaming consoles.

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Smart Toys Market: Key Trends and Drivers

Various factors such as direct and two-way communication, real-time tracking of children’s activities, and the capability to store personal data, such as child’s name, photos, and voice recordings, which help in the personalization of toys, are some of the factors majorly driving the growth of smart toys. Companies such as Fisher-Price offers Smart Toy Bear that can be controlled by the smart toy app on a smartphone. Such innovations are expected to drive the market over the forecast period. The advent of 5G technology is expected to boost the adoption of smart devices and toys over the forecast period. According to the Ericsson Mobility.

Adopting STEM (Science, Technology, Engineering, and Math) toys for children’s skills enhancement is one of the key factors driving the demand for the smart toys market. Smart toys enhance professional skills such as coding and engineering through smart interaction and behavioral learning. As parents always embrace products that can assist in their children’s intellectual development, this will further boost the adoption of smart toys. Companies such as SmartGurlz toy teach girls how to code.

Smart Toys Market: Restraints & Challenges

The key restraints and challenges in smart toys market are as follows:

1. Lack of standardization: There is no standardization in terms of technology, design, and functionality in the smart toys market, which makes it difficult for consumers to compare and choose the right product.

2. High cost: Smart toys are generally more expensive than traditional toys, which may limit their appeal to price-conscious consumers.

3. Privacy and security concerns: Some smart toys collect data from users, which raises concerns about privacy and security. There have been reports of hacked smart toys that have leaked personal information of users.

4. Limited functionality: Some smart toys only offer basic features and are not as interactive or engaging as promised.

Smart Toys Market Report Findings

https://www.globalinsightservices.com/reports/smart-toys-market/

The interactive games segment is likely to hold a dominant Smart Toys Market share and grow at a substantial CAGR during the forecast period.

Based on product, the market is segmented as Interactive Games, Robots, and Educational Robots. The interactive games segment held the largest revenue share of over xx% in 2022 owing to the growth of edutainment services, coupled with high smartphone penetration. Interactive games are a fun way to learn and explore creative knowledge in a new way. Interactive games challenge players to solve puzzles in a virtual setting. These games can also be used in preschool learning for understanding letters and alphabets. Additionally, The Lego Group offers LEGO dimensions, which use NFC technology to interact with players. The educational robots segment is anticipated to expand at the fastest CAGR over the forecast period. Smart robot toys are useful for boosting creativity, problem-solving ability, communication, and teamwork. These robots are usually operated through remote control or can be operated through a smartphone or a tablet. Key players in the market are introducing robots that are compatible either through Android or iOS devices.

The offline segment is anticipated to hold a majority of the Smart Toys Market size throughout the study period.

Based on distribution channel, the market is segmented as online and offline. The offline channel segment accounted for the largest revenue share of over xx% in 2022. The changing landscape for distribution channels has increased the competition among both online and offline retailers. Consumers opting for smart toys are demanding immersive experiences from brands. One of the key players in the smart toy industry, Hasbro is partnering with retailers such as Target and Walmart to expand its business. The company is also utilizing its warehouse in the Midwest U.S. to reduce delivery and trucking mileage.

The online segment is expected to register the fastest CAGR of xx% over the forecast period. E-commerce channel provides consumers with several options. During the pandemic, the sales of educational toys were affected and several toymakers had to shift their operations virtually. The availability of toys online allows key players to diversify by adopting social advertising of their products and utilizing TV media to cater to a larger consumer base. Parents now have the option of comparing prices and the online channel gives the ability to choose between different retailers.

The Asia-Pacific region is estimated to exhibit the highest growth rate during the Smart Toys Market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. In 2022, North America held the largest revenue share of over 40.0%. The rising adoption of smart home devices is driving the demand for smart toys in the region. As per Acquity Groups study, the consumption of in-home smart products is on the rise in the U.S. 30% of the consumers own smart IoT devices in the country. The market in the Asia Pacific is expected to witness the fastest growth in the forecast period.

A rise in the middle-class population, coupled with the growing preference for educational learning toys, is driving the demand for smart toys in the APAC region. Lego Group has been witnessing a steady demand in the region owing to its wide distribution network and engagement rate with customers. For instance, The LEGO Group is expanding its presence in Singapore by investing in the development of the digital industry in the country. The key player has partnered with Singapores Economic Development Board to increase the companys reach in East Asia.

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Competitive Landscape

The key players in the market  Playmobil, Pillar Learning, Sega Toys Co. Ltd., LeapFrog Enterprises Inc., Mattel Inc., Hasbro Inc., Lego System A/S, Robofi LLC, Tomy Co. Ltd., and Doctor’s Associates Inc among others.

Recent Developments in the Smart Toys Market:

• In April 2022, LeapFrog® Enterprises, Inc., the leading innovative educational toys for Children Company, launched its iconic Scout and Violet plush pals and new creative touch-sensitive technology toys perfect for pretend play that builds young imaginations, and makes learning fun and exciting.
• May 2021- The Kinder brand partnered with Gameloft and Oxford University to launch Applaydu. This new app brings Kinder Joy toys to life through augmented reality in a world of discovery and imagination. The application also offers games, stories, and opportunities for creativity and exploration.
• April 2021 – Play Shifu announced they had raised USD 17 million from Inventus Capital India. The company plans to invest in launching eight new products by the end of 2021 and 12 to 30 products to cover over 20 early-learning skills by 2022.
• In 2020, Mattel Inc. partnered with Universal Brand Development to launch Netflix TV series based on Spirit Riding Free. The partnership is expected to aid Mattel to extend their range of toys in the Spirit Riding Free category.
• In December 2020, Lego Group announced to open its first Lego retail store in Salt Lake City in Utah, the U.S. The store provides immersive experiences for the customers with the inclusion of a wide range of toys.
• In February 2018, Hasbro entered into an agreement with Netflix to create play experiences for kids based on the Netflix show super monster. The agreement will help the company to produce a wide range of toys under the Playskool brand.

Smart Toys Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Smart Toys Market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future Smart Toys Market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Smart Toys Market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Global Smart Toys Market Segmentation

By Product

• Interactive Games
• Robots
• Educational Robots

By Distribution Channel 

• Online
• Offline

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• The Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • The Middle East
  • Africa

• Key Players

  • Playmobil
  • Pillar Learning
  • Sega Toys Co. Ltd.
  • LeapFrog Enterprises Inc.
  • Mattel Inc.
  • Hasbro Inc.
  • Lego System A/S
  • Robofi LLC
  • Tomy Co. Ltd.
  • Doctor’s Associates Inc.

Luxury Tourism Market to Reach USD 2033.3 million by 2032, driven by the growth in investment in healthcare infrastructure across the globe: Global Insight Services

New York, January 2023: According to a new research study by Global Insight Services (GIS), the global Luxury Tourism market is expected to grow rapidly over the next 10 years to reach a value of more than USD 2033.3 billion by 2032.

The worldwide luxury travel market involves going to a certain location or having a travel experience that is distinguished by first-rate lodging and transportation options, delectable cuisine, knowledgeable staff, a personalized travel itinerary, unique travel experiences, and tours, etc. In essence, the market is branded by the exclusivity, singularity, and personalization of the travel experiences it offers. Customers in this sector are those who prioritize added value over trip package cost. Access to genuine experiences, locations, and people, as well as an immersion in the local culture, can also be included in luxury travel.

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Luxury Tourism Market: Key Trends and Drivers

The worldwide luxury travel market is primarily driven by an increase in the number of domestic and international travellers with high disposable income levels. The expansion of this market is anticipated to be supported by the present trends of destination weddings, business retreats, travel blogging, destination shopping, cultural immersion, etc. This Luxury Travel Market has grown as working people, particularly millennials, seek opulent respites from their demanding work schedules. User-generated travel content has resulted in more successful luxury travel market promotion than traditional approaches in the age of the ubiquitous internet and social media, significantly boosting this sector. The expansion of the luxury travel market is significantly influenced by travel blogging in and of itself.

Luxury Tourism Market: Restraints and Challenges

The decline in travelling activities owing to coronavirus pandemic coupled with rising political turmoil in the global market is anticipated to hinder the growth of the market.

Luxury Tourism Market Report Findings

https://www.globalinsightservices.com/reports/luxury-tourism-market/

The customized & private vacation segment is anticipated to dominate the market during the forecast period

Based on the type, it is segmented into customized & private vacations, celebration journeys, adventure & sport travel, safari, cruises yachting & small ship, and others. The customized & private vacation segment is anticipated to dominate the market during the forecast period. The ease of coronavirus limitations also encouraged people to participate in leisure and recreational activities, which boosted the appeal of luxury travel in affluent nations like the United States.

The solo tourism segment is anticipated to dominate the market during the forecast period

Based on the tour type, it is segmented into solo, and group. The solo tourism segment is anticipated to dominate the market during the forecast period. Traveling alone is no longer a niche sector and is growing in popularity. Because of the growing worries about mental health and the flexibility of remote work, the trend of solo travel is expected to continue.

The millennials segment is anticipated to witness the fastest growth of the market during the forecast period

Based on the generation, it is segmented into millennials, generation X, baby boomers, and others. The millennials segment is anticipated to witness the fastest growth of the market during the forecast period. They are typically described as having a sense of luxury and a taste for exciting events. But in this market segment, baby boomers are anticipated to hold the largest market share. They tend to be more autonomous, have fewer significant obligations, are wealthier, have plenty of spare time to travel, and typically have a travel wish list. They are anticipated to generate the most income during the time of forecasting for the global luxury travel market.

North America dominates the market during the forecast period

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Due to its status as a worldwide financial centre and its abundance of well-liked tourism sites, North America dominates the industry in this area. North America is predicted to continue to keep the top spot during the anticipated time frame. Because of the increased income levels and living standards, as well as the acceleration of the development of the tourism industry in the majority of Asian nations, the Asia Pacific region is predicted to have the quickest rate of growth. It is anticipated that countries with political unrest and economic hardship will have slower growth rates.

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Competitive Landscape

The key players studied in the report are Abercrombie & Kent USA, LLC., Silversea Cruises, Thomas Cook (India) Ltd., TUI Group, Jet2 Holidays, G Adventures, Backroads, Travelopia, and Audley Travel among others.

Luxury Tourism Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Luxury Tourism market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future Luxury Tourism market potential from 2022 to 2032 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Luxury Tourism market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Luxury Tourism industry.

Global Luxury Tourism Market Segmentation

By Type

• Customized & Private Vacations
• Celebration Journeys
• Adventure & Sport Travel
• Safari
• Cruised Yachting & Small Ship
• Others

By Tour Type

• Solo
• Group

By Generation

• Millennial
• Generation X
• Baby Boomers
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• The Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • The Middle East
  • Africa

Key Players

• Abercrombie & Kent USA, LLC.
• Silversea Cruises
• Thomas Cook (India) Ltd.
• TUI Group
• Jet2 Holidays
• G Adventures
• Backroads
• Travelopia
• Audley Travel

Smart Luggage Market to Reach US$ 26.0 Bn by 2031, driven by Increase in adoption of trendy luggage in Latin America coupled with focus of manufacturers to provide tech-savvy luggage in Middle East and Africa: Global Insight Services

New York, December 2022: According to a new research study by Global Insight Services (GIS), the global Smart Luggage market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 26.0 Billion by 2031.

Smart luggage is a type of luggage that is equipped with advanced features and technology. These features can include GPS tracking, remote locking, and weight sensors. Smart luggage is designed to make traveling easier and more convenient for users. Many smart luggage products also come with built-in chargers for devices such as laptops and phones.

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https://www.globalinsightservices.com/reports/smart-luggage-market/

Smart Luggage Market: Key Trends and Drivers

Consumer shift towards lifestyle, leisure, and style-quotient is expected to drive the smart luggage market for the next seven years. Growth in internet penetration and increase in international air travel is expected to drive the technological innovation. Growing penetration of Internet of Things (IoT) has compelled the players in the baggage segment to equip the luggage with smart features such as traceability and advanced locking system. This is expected to attract tech-savvy customers to a large scale over the forecast timeframe. The technological advancements such as location & proximity alerts, automated locking, tracking system, and connectivity with smartphones have transformed the regular baggage to an intelligent subsystem that can be linked to the smartphones. For instance, the range of baggage from Bluesmart consist of a digital handle that is a digital scale to measure the weight of the bag. Furthermore, the case is protected with a digital lock which gets activated when it is moved away from the phone.

Smart Luggage Market: Restraints & Challenges

The key restraints and challenges in Smart Luggage market are there is still a lack of awareness about smart luggage and its benefits among consumers, which is hindering the growth of the market. Smart luggage is still considered to be a luxury item due to its high cost, which is another challenge for the market. Moreover, some smart luggage products still have limited features compared to traditional luggage, which is another challenge for the market.

Smart Luggage Market Report Findings

The sensor segment is likely to hold a dominant Smart Luggage market share and grow at a substantial CAGR during the forecast period.

By type, the market is segmented into Sensors, SIM Cards, USB Charging, and Others. The sensor segment accounted for significant market share in 2021 and is expected to register lucrative CAGR over the forecast period. The increased usage of sensor technology in a variety of applications such as cameras and medical equipment, as well as technological advances in gas sensors, among other things, are having an effect on the market expansion. A growing number of medical gadgets and equipment are incorporating sensors as a result of the fast increase in hospitalization. Other factors contributing to the market’s expansion include the growing usage of sensors in applications such as smart grids, home automation, and intelligent transport systems as well as technological advancements in communication and information technology.

The RFID segment is anticipated to hold a majority of the Smart Luggage market size throughout the study period.

By connectivity, the smart luggage market is classified into GPS, Wi-Fi, RFID, and Others. Based on connectivity technology, RFID is expected to witness high growth, owing to existing infrastructure of RFID scanning on the airports. Proliferation of sensor-based smart baggage products is expected to be a growing trend, owing to increasing penetration of IoT devices and relatively low costs & maintenance requirements of the sensors. The smart luggage is connected to the user using a companion application. These applications provide user with intuitive travel experience and providing information including flight schedules, currency exchange, destination, gates, and weather. Use of SIM cards to access the internet is expected to provide growth opportunities to the smart luggage market.

The Real-time tracking segment is anticipated to hold a majority of the Smart Luggage market size throughout the study period.

The application segment of the market is bifurcated into Remote Locking, Digital Scaling, Proximity Sensors, and Others. Real-time tracking applications are expected to gain popularity over the forecast timeline, owing to increasing instances of loss of luggage by the airlines. Thefts of luggage and security breaches have encouraged the customers to buy smart luggage equipped with remote locking and proximity alerting capabilities. Digital scaling in the smart baggage systems is expected to gain consumer focus, as it avoids the last-minute hassle of the passenger travelling with an over-weight baggage. The weight sensors in the bag calibrates itself when the bag is empty. When the packed bag is picked up, it indicates the total weight of the bag. Ease of use and benefits such as companion app is expected to drive the smart luggage market demand. However, high costs and lack of awareness about the products are expected to hinder the smart luggage market growth during the forecast timeline.

The North America region is estimated to exhibit the highest growth rate during the Smart Luggage market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to hold majority share in the smart luggage market, owing to high adoption of technologically advanced products and presence of manufacturers that focus on innovative product design. Asia Pacific is expected to witness the highest growth, owing to increased air traffic, particularly in densely populated countries such as India & China and countries with large number of tourist footfall such as Thailand, Singapore, & Malaysia. Feasibility limited to only airports due to connectivity issues is expected to be one of the major areas of concern. These products confuse the TSA scanners, owing to the mesh of wires & battery chargers and RFID tags. Concerns pertaining to security and privacy of the personal data such as personal & confidential details and travel itinerary are expected to decelerate the smart luggage market growth.

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Competitive Landscape

The global Smart Luggage market report includes players such as Samsonite International S.A., Away, Trunkster, Raden, Bluesmart Black Edition International, Horizn, Delsey, Planet Traveler, American Tourister, and TraxPack, among others.

Recent Developments in the Smart Luggage Market:

• In July 2022, Samsara Luggage’s newly launched Tag Smart Collection was featured in multiple press outlets as a surge in reports of lost luggage delays saturated the international news cycle.
• In June 2021, Kabuto, released a new suitcase called the Kabuto Trunk, this is the company’s biggest suitcase to date. The Kabuto Trunk features a hard-shell design with a capacity of 95 liters. It has metal bearing wheels and real tires.
• In January 2020, Samsara Luggage announced today the launch of its online pre-sale for their next generation of smart carry-on suitcases with Wi-Fi Hotspot capabilities, making Samsara the first to market this innovative technology.
• In July 2018, Puma signed Europe’s three most prestigious teams, namely, A.C. Milan from Italy, Olympique de Marseille from France, and Borussia Mönchengladbach from Germany, to provide new kits from Puma Football Club.
• In 2018, Acushnet Holdings Corp launched an e-commerce website for FootJoy’s luxury brand, FJ1857.com in U.K. and Japan, and launched eCommerce websites for Titleist golf gear.

Smart Luggage Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Smart Luggage market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future Smart Luggage market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Smart Luggage market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global kidney stones management market.

Global Smart Luggage Market Segmentation

By Type

• Sensors
• SIM Cards
• USB Charging
• Others

By Connectivity

• GPS
• Wi-Fi
• RFID
• Others

By End-user

• Remote Locking
• Digital Scaling
• Proximity Sensors
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of World
  • Latin America
  • Middle East
  • Africa

Key Players

• Samsonite International S.A.
• Away
• Trunkster
• Raden
• Bluesmart Black Edition International
• Horizn
• Delsey
• Planet Traveler
• American Tourister
• TraxPack

Global Dead Sea Mud Cosmetics Market to Reach US$ 2.6 BN by 2031, driven by Increasing Awareness About the Benefits of Dead Sea Mud: Global Insight Services

New York, August 2022: According to a new research study by Global Insight Services (GIS), the dead sea mud cosmetics market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 2.6 billion by 2031.

Dead sea mud cosmetics products such as salt, mud, and minerals are extracted from the dead sea. The mud contains various minerals such as bromide, sodium, silicon, iron, calcium, and magnesium.

Dead sea mud cosmetic product has a unique composition of high concentrations of skin-nourishing minerals such as calcium, magnesium, potassium, zinc, bromide, and iron. These potent minerals have numerous health benefits and make skin firm and radiant. The consumer has inclined toward natural ingredients and cosmetic products that will not harm the skin and give the best result. This factor will drive the market in the upcoming years.

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Global Dead Sea Mud Cosmetics Market: Key Drivers

The escalating use of dead sea mud in cosmetics which both males and females can use for eliminating issues with skin and aging, may influence the growth of the dead sea mud cosmetics market to a great extent. Further, the increasing focus of the millennials and baby boomers on grooming and improving skin health has led to substantial demand for dead sea mud cosmetics, which may further strengthen the growth of the dead sea mud cosmetics market. Moreover, the availability of sea mud cosmetics in various price ranges, such as low, medium, and premium, has made it easy for consumers to select the products according to their budget. The focus of the cosmetic industry on providing natural and budget-friendly products is likely to create demand for the global dead sea mud cosmetics market. Hence, increasing awareness about the benefits of dead sea mud in cosmetics industry is boosting the market growth.

Global Dead Sea Mud Cosmetics Market: Market Restraints and Challenges

The dead sea’s level has been depleting by almost a meter a year as the Jordan river, which feeds the sea, has slowly been drying up. This has significantly raised environmental concerns over the dead sea’s ecosystem. As a result, mud mining has come into the crosshairs of environmental activists in recent years. An Israeli government decision to ban mud mining from the dead sea will bring the dead sea mud cosmetics industry to a grinding halt. Thus, the depletion of dead sea level is anticipated to hinder the growth of the global dead sea mud cosmetics market.

Global Dead Sea Mud Cosmetics Market Report Findings

https://www.globalinsightservices.com/reports/dead-sea-mud-cosmetics-market/

The body care products segment is likely to hold the major share of the market in 2021

Based on product type, it is segmented into facial care products, body care products, hair care products, and others. The body care products segment is expected to have the largest dead sea mud cosmetics market share in 2021. A rise in disposable income and the busy lifestyle of consumers drive the market because consumers are concerned about their skin, especially women, who are the major driver of the market. Dead sea mineral mud has hydrating, beautifying, purgative, and relieving properties and is known to relieve various symptoms of skin and musculoskeletal ailments. Due to multiple benefits, the body care products segment is expected to receive the main market attraction resulting in market growth.

The women care products segment is likely to dominate the market during the forecast period

Based on end user, it is bifurcated into men care products and women care products. The women care products segment is expected to dominate the market during the forecast period. The global cosmetics industry has risen gradually over the years, owing mostly to an increase in beauty-conscious women’s products. Several other causes, such as an increase in skin problems in women, improved awareness of the need to maintain long-term beauty, and lifestyle changes, have all contributed significantly to the growth of the dead sea mud cosmetics market. Furthermore, the demand for natural cosmetics products increases among women. Due to the abovementioned factors, the women care products segment are expected to dominate the market during the forecast period.

The offline channels segment is likely to hold the major share of the market in 2021

Based on distribution channel, it is segmented into online channels and offline channels. The offline channels segment is expected to be the largest segment in the dead sea mud cosmetics market in 2021. The offline segment includes retail stores, distributors, and specialty stores. Retail stores provide the desired ease and choice of options for an evolving consumer. Market players are establishing new retail stores across various regions to extend their reach and increase their customer base. Furthermore, specialty stores are retail outlets that are engaged in the business of selling a particular range of associated products. Thus, the offline channels segment will likely hold a major market share in 2021.

The North America region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. Due to its increased demand and enhanced effect on the skin, dead sea mud cosmetics are seeing high popularity in the North American market. The US leads the way regarding geographical demand for cosmetics, followed by Canada and Mexico. Consumers are increasingly interested in both economic and premium dead sea mud cosmetics products available in the market, driving them to switch from chemical cosmetics to dead sea mud cosmetics products. In the US, the Food & Drug Administration (FDA) has initiated strict norms and laws governing the quality of the materials and packaging used in dead sea mud cosmetics products. Consumers prefer cosmetics made from natural substances such as jojoba oil, camellia oil, kernel oils, and others. Further, with the rise in demand for cosmetics in the region, several new companies are approaching the regional market intending to benefit from dead sea mud cosmetics market growth prospects and provide customers with an experience of good dead sea mud cosmetics. This, in turn, boosts the demand for dead sea mud cosmetics in the North America region.

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Competitive Landscape

The key players studied in the global dead sea mud cosmetics market are AHAVA Dead Sea Laboratories Ltd. (Israel), Aroma Dead Sea Spa and Cosmetics LTD (Israel), AVANI Supreme Inc. (US), Bo International (India), Dead Sea Premier Cosmetics Laboratories Ltd (Israel), Ein Gedi Cosmetics & Pharma ltd. (Israel), HB Dead Sea Minerals (Israel), Jordan Integrated For Mineral Dead Sea Products (Jordan), KAWAR Dead Sea Products (Jordan), and Sabon Holdings (Romania).

Global Dead Sea Mud Cosmetics Market: Recent Developments

• June 2021, AHAVA Dead Sea Laboratories Ltd. focuses on sustainable vegan beauty products with minerals from the dead sea. AHAVA produces a range of skincare products such as facial creams, mud masks, serums, and more. It also offers bath and body products, including moisturizers, bath salts, and body oils. They are all made with natural resources extracted from Dead Sea mud, salt, and water. The company also has a focus on sustainability. Its manufacturing facility uses local flora to filter wastewater and return clean water to the environment. While it is based in Israel, AHAVA has stores in several countries, and its products ship worldwide via its website.

Global Dead Sea Mud Cosmetics Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global dead sea mud cosmetics market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global dead sea mud cosmetics market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global dead sea mud cosmetics market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global dead sea mud cosmetics industry.

Global Dead Sea Mud Cosmetics Market Segmentation

By Product Type

• Facial Care Products
• Body Care Products
• Hair Care Products
• Others

By End User

• Men Care Products
• Women Care Products

By Distribution Channel

• Online Channels
• Offline Channels

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• AHAVA Dead Sea Laboratories Ltd. (Israel)
• Aroma Dead Sea Spa and Cosmetics LTD (Israel)
• AVANI Supreme Inc. (US)
• Bo International (India)
• Dead Sea Premier Cosmetics Laboratories Ltd (Israel)
• Ein Gedi Cosmetics & Pharma ltd. (Israel)
• HB Dead Sea Minerals (Israel)
• Jordan Integrated For Mineral Dead Sea Products (Jordan)
• KAWAR Dead Sea Products (Jordan)
• Sabon Holdings (Romania)

Global Sustainable Home Decor Market to Reach US$ 556.3 BN by 2031, driven by Factors Such as Increasing Levels of Urbanization, Rising Consumer Disposable Income, and Strong Performance of the Online Retail Sector: Global Insight Services

New York, August 2022: According to a new research study by Global Insight Services (GIS), the sustainable home decor market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 556.3 billion by 2031.

For many, sustainable home decor means working with local artisans from their local community to create handmade products. For others, sustainable home decor means weaving sustainable and local materials into their designs. With more consumers looking to source ethically made and sustainable home decor products, designers try to provide quality products that shoppers can connect with on many levels. They are beautiful and created with minimal impact on the earth and society. Sustainable decorating is decorating a home in a way that benefits rather than harms the environment. Also, recycled materials are present in many sustainable home decor products.

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Global Sustainable Home Decor Market: Key Drivers

Increasing levels of urbanization have resulted in an increasing number of new households being set up. Nowadays, more than half of the global population lives in urban areas. Going forward, these levels are expected to increase further, positively impacting the demand for home decor products. Moreover, home decor products are income elastic, with global disposable incomes increasing continuously over the next few years, particularly in economies such as Asia, Africa, the Middle East, and Eastern Europe. In addition, the recovery of the global real estate sector is also expected to drive homeownership rates creating a positive impact on this market. Another major factor driving this market is the strong performance of the online retail sector. Online retail has made home decor products easily available, affordable, and convenient to buy. Thus, factors such as increasing levels of urbanization, rising consumer disposable income, and strong performance of the online retail sector are boosting the growth of sustainable home decor market.

Global Sustainable Home Decor Market: Market Restraints and Challenges

The growth of digital channels facilitating the sale and purchase of consumer goods has fuelled a surge in the trade of counterfeit products. It’s a fact that a counterfeit product equals a low-quality. The packaging and the product might look identical to the authentic brand, but it is made up of substandard material, which might harm the consumer. Inevitably, these consequences severely negatively impact a brand’s reputation and consumer trust. Since many consumers are unaware that the product they purchased is counterfeit, the customer will blame the authentic brand when the item fails to work correctly or doesn’t meet their expectations. This results in the loss of consumer trust in the brand and also likely that they won’t purchase from the same retailer in the future. Further, there is also a business threat of counterfeit products, resulting in a loss of revenue for the brand being copied. When counterfeiters sell a product that looks the same as the original but at a lower price, the authentic brand will lose sales. The lack of information is perceived as one of the main obstacles in the fight against counterfeit products. Hence, the availability of counterfeit goods is acting as a restraining factor for the global sustainable home decor market.

Global Sustainable Home Decor Market Report Findings

https://www.globalinsightservices.com/reports/sustainable-home-decor-market/

The floor covering segment is likely to hold the major share of the market in 2021

Based on product type, it is segmented into floor covering, furniture, and home textile. The floor covering segment is expected to have the largest sustainable home decor market share in 2021, owing to an increase in urbanization, an increase in disposable income, and an improvement in lifestyle. In addition, a rise in consumer interest in home decor products has added to the market’s expansion. Due to above mentioned factors, the floor covering segment is expected to receive the main market attraction resulting in market growth.

The higher income segment is likely to dominate the market during the forecast period

Based on income group, it is segmented into lower middle income, upper middle income, and higher income. The higher income segment is expected to dominate the market during the forecast period. The high income group of consumers are prone to impulsive buying, which is a key driver of the market. Due to the abovementioned factor, the higher income segment is expected to dominate the market during the forecast period.

The specialty stores segment is likely to hold the major share of the market in 2021

Based on distribution channel, it is segmented into supermarkets and hypermarkets, specialty stores, e-commerce, and others. The specialty stores segment is expected to be the largest segment in the sustainable home decor market in 2021. Specialty stores offer many advantages, including product expertise, pleasant atmosphere, personalized customer service, higher-quality products, and workshops & special events. Thus, the specialty stores segment will likely hold a major market share in 2021.

The North America region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. The appeal of sustainable home design items in this region is boosted by customers spending more on such items and by an improvement in living standards. Moreover, the presence of many potential vendors in this region further encourages market growth. This, in turn, boosts the demand for sustainable home decor in the North America region.

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Competitive Landscape

The key players studied in the global sustainable home decor market are Cisco Brothers (US), Duresta Upholstery Limited (UK), Forbo Flooring UK Limited (UK), Greenington (US), Herman Miller, Inc. (US), IKEA North America Services, LLC (US), La-Z-Boy Incorporated (US), Lee Industries (US), MOSO International B.V. (The Netherlands), and Vermont Woods Studios (US).

Global Sustainable Home Decor Market: Recent Developments

• April 2022, Herman Miller, Inc. set new sustainability goals the earth day to accomplish three goals, including reduce its carbon footprint, design out waste, and source better materials. Herman Miller started integrating ocean-bound plastic into its iconic Aeron Chair from last year 2021.
• November 2021, IKEA increases action to enable people to live a more sustainable life at home. IKEA is taking action to become climate positive by 2030, reducing more greenhouse gas emissions than the IKEA value chain emits, while growing the business. In addition to a range of actions across the business to reduce emissions, as well as investments into renewable energy, IKEA has an opportunity to inspire and enable the billions of people it reaches to take climate action in their own lives.

Global Sustainable Home Decor Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global sustainable home decor market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global sustainable home decor market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global sustainable home decor market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global sustainable home decor industry.

Global Sustainable Home Decor Market Segmentation

By Product Type

• Floor Covering
• Furniture
• Home Textile

By Income Group

• Lower Middle Income
• Upper Middle Income
• Higher Income

By Distribution Channel

• Supermarkets and Hypermarkets
• Specialty Stores
• E-commerce
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• Cisco Brothers (US)
• Duresta Upholstery Limited (UK)
• Forbo Flooring UK Limited (UK)
• Greenington (US)
• Herman Miller, Inc. (US)
• IKEA North America Services, LLC (US)
• La-Z-Boy Incorporated (US)
• Lee Industries (US)
• MOSO International B.V. (The Netherlands)
• Vermont Woods Studios (US)

Global Boat Davits Market to Reach US$ 0.6 BN by 2031, driven by Surge in International Marine Freight Transport: Global Insight Services

New York, August 2022: According to a new research study by Global Insight Services (GIS), the boat davits market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 0.6 billion by 2031.

A boat davit is a device used on a ship to support, raise, and lower the boats. In other term, a boat davit is a launching and lifting system for jet skis, dinghies, and other boats. This device is used to lower an emergency lifeboat from the ships. A boat davit is usually a hydraulic operated slewing or pivoting davit designed for launching and recovering a fully-crewed rescue boat. Boat davits are useful when boat owners are faced with restricted conditions such as seawalls only, no pilings allowed, or the presence of very shallow water. Boat davits are a very economical alternative to standard boat lifts as they are user-friendly and easy to install.

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Global Boat Davits Market: Key Drivers

Marine transportation is one of the most effective modes of transportation due to its cost-effectiveness. For instance, according to the UNCTAD organization report, in November 2021, the global trade for merchandise goods increased in exports and imports. The value of world imports and exports of goods hit US$ 5.6 trillion in the third quarter of 2021. Moreover, maritime shipping is expected to continue covering most of the movement of goods over long distances in the coming years. Marine freight transportation increases due to traffic congestion in the Indian and Pacific Oceans trade lanes. Moreover, a surge in demand for maritime freight transportation has led to a rise in demand for maritime vessels. Thus, the demand for maritime transport services and the growth of international maritime freight transport is expected to fuel the demand for marine vessels. These marine vessels are equipped with davits for various applications, such as lifeboat davits, lifeboat davits, and passenger vessel davits. Thus, the growth of international marine freight transportations fuels the demand for boat davits.

Global Boat Davits Market: Market Restraints and Challenges

Large marine vessels can impact the environment in numerous ways, including air & water pollution, sewage disposal, trash & other marine debris, habitat disturbance, and human & pet waste. Additionally, boat engines have been identified as a source of air pollution, while older marine engines impact water quality. Moreover, fuel & oil spills and refueling spills leak volatile organic compounds directly into aquatic ecosystems. Further, excessive application of chemicals and pesticides to clean, protect, and operate watercraft also impacts marine life. Thus, several government authorities worldwide regulate and restrict the shipbuilding sector in several coastal areas to protect marine life. Therefore, environmental concerns associated with marine vessels are expected to hamper the shipbuilding industry growth, restricting the global boat davits market.

Global Boat Davits Market Report Findings

https://www.globalinsightservices.com/reports/boat-davits-market/

The gravity roller track davit segment is likely to hold the major share of the market in 2021

Based on type, it is segmented into free fall davit, quadrantal davit, gravity roller track davit, and single pivot gravity davit. The gravity roller track davit segment is expected to have the largest boat davits market share in 2021. It consists of two arms which slide over two guides, various possibility of interfacing to ship’s structure, manual browsing, can be used on open or recessed deck, use electrical winches, and suitable for all types of life/rescue boat. Due to the above factors, the gravity roller track davit segment is expected to receive the main market attraction resulting in market growth.

The commercial boats segment is likely to dominate the market during the forecast period

Based on mode, it is segmented into passenger vessel, commercial boats, and others. The commercial boats segment is expected to dominate the market during the forecast period. The commercial boats are been used for multiple applications such as fire departments, harbormasters, and search & rescue operations. They have robust construction, speed, and efficiency. Due to these factors mentioned above, the commercial boats segment is expected to dominate the market during the forecast period.

The composites segment is likely to hold the major share of the market in 2021

Based on material, it is segmented into aluminum, steel, and composites. The composites segment is expected to be the largest segment in the boat davits market in 2021. The future of composite materials is an extremely promising one. Lightness, strength, durability, and ease of production mean that composites will play an increasing part in boat construction. Thus, the composites segment will likely hold a major market share in 2021.

The dock mount davits segment is likely to dominate the market during the forecast period

Based on application, it is segmented into seawall mount davits, dock mount davits, and pile mount boat davits. The dock mount davits segment is expected to dominate the market during the forecast period. For crafts up to 1000 pounds. Make life simple both in and out of the water thanks to 360-degree rotation. Due to these factors mentioned above, the dock mount davits segment is expected to dominate the market during the forecast period.

The North America region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021 due to increase in water sports & leisure activities in the region and rise in national marine freight transport. Moreover, the presence of many potential vendors in this region further encourages market growth. This, in turn, boosts the demand for boat davits in the North America region.

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Competitive Landscape

The key players studied in the global boat davits market are Anchorlift Technic (Norway), Atkins & Hoyle Ltd. (Canada), Davit Master Corporation (US), Hi-Tide (US), Olsson Mfg. Inc. (US), Spencer Carter Limited (UK), St. Croix Marine Products, Inc. (US), UMT Marine (US), Vanguarde Pte Ltd (Singapore), and Weaver Industries, Inc. (US).

Global Boat Davits Market: Recent Developments

• June 2022, Vestdavit wins a contract with Thoma-Sea for davit systems. Vestdavit is a trusted supplier of advanced boat-handling technology to support ocean research with the delivery of davit systems for a pair of newbuild scientific vessels built for the US National Oceanic and Atmospheric Administration.
• February 2022, UMT Marine had launched new yacht and davits. UMT Marine started this year with an updated line of davits, the Explorer series. This line will be a stronger and more versatile version of the original T Series Davit.

Global Boat Davits Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global boat davits market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global boat davits market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global boat davits market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global boat davits industry.

Global Boat Davits Market Segmentation

By Type

• Free Fall Davit
• Quadrantal Davit
• Gravity Roller Track Davit
• Single Pivot Gravity Davit

By Mode

• Passenger Vessel
• Commercial Boats
• Others

By Material

• Aluminum
• Steel
• Composites

By Application

• Seawall Mount Davits
• Dock Mount Davits
• Pile Mount Boat Davits

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• Anchorlift Technic (Norway)
• Atkins & Hoyle Ltd. (Canada)
• Davit Master Corporation (US)
• Hi-Tide (US)
• Olsson Mfg. Inc. (US)
• Spencer Carter Limited (UK)
• St. Croix Marine Products, Inc. (US)
• UMT Marine (US)
• Vanguarde Pte Ltd (Singapore)
• Weaver Industries, Inc. (US)

Global Camping Equipment Market to Reach US$ 46.7 BN by 2031, driven by the Rise in Outdoor Activities: Global Insight Services

New York, August 2022: According to a new research study by Global Insight Services (GIS), the camping equipment market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 46.7 billion by 2031.

Camping equipment is gathering steam among populations participating in outdoor recreational activities. A dizzying array of camping equipment includes camping furniture, backpacks, tents, cooking systems and cookware, protective gear, and accessories. Products in the camping equipment market have increased safety and meet the functional needs of different camping activities. Further, outdoor gear and accessories have become a key part of camping essentials. New avenues in the camping equipment market stem from the unceasing focus of manufacturers on unveiling equipment that combines safety and comfort.

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Global Camping Equipment Market: Key Drivers

The rise in outdoor activities is a key trend bolstering the demand for camping equipment. The participation has spurred the growing number of clubs and organizations promoting such activities. Further, in developing economies, youths and families in urban regions are taking time off their hectic work schedules and trekking activities. Camping has been gaining popularity due to stress release factors and as an activity that promotes physical & mental health. Rising disposable income, increasing stress levels, rising pollution levels in urban areas, increasing awareness of camping benefits, and increasing trend of hiking and camping among young people are major factors driving the camping equipment market. Additionally, the market’s growth positively impacts the growing preference for recreational vehicles. Moreover, consumers are increasingly giving more attention to the safety factor, thereby fueling the expansion of the market. Thus, the rise in outdoor activities boosts the growth of the camping equipment market.

Global Camping Equipment Market: Market Restraints and Challenges

Camping is mostly expensive owing to the specialized gear. Tents, sleeping bags, outdoor cooking gear, and outdoor clothing can all have high up-front costs that cost hundreds to even thousands of dollars. Once the user has the gear, camping is relatively cheap–just food, travel, and reservation costs. The cost of camping is almost directly proportional (related) to how cold the weather is. Colder weather requires better gear to handle the cold weather. Perhaps the biggest indicator of how expensive camping will be for a user is how creative the user is willing to be in their gear. Hence, the high camping costs might act as a restraining factor for the camping equipment market.

Global Camping Equipment Market Report Findings

https://www.globalinsightservices.com/reports/camping-equipment-market/

The camping backpacks segment is likely to hold the major share of the market in 2021

Based on type, it is segmented into camping furniture, camping backpacks, tents, cooking systems and cookware, and camping gear and accessories. The camping backpacks segment is expected to be the largest segment in the camping equipment market in 2021. The rising demand for sporting activities among the younger population, particularly millennials, drives camping backpacks. Increasing inclination toward a fitness regime, short recreational activities, and healthy lifestyles have added prominence to outdoor sports events, positively affecting the demand for camping backpacks. Due to these factors mentioned above, the camping backpacks segment is expected to hold a major market share in 2021.

The personal segment is likely to hold the major share of the market in 2021

Based on application, it is bifurcated into personal and commercial. The personal segment is expected to be the largest segment in the camping equipment market in 2021. The rising solo travelers is boosting the demand of personal segment. For instance, according to the article published by Hindustan Times, in January 2020, Google searches for “solo travel” between 2016 and 2019 saw a 131% increase, showing that this form of holidaying has huge appeal globally. Thus, the personal segment will likely hold a major market share in 2021.

The North America region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. North America was the largest market for camping equipment because an increasing number of consumers seeking places for outdoor recreation to connect to nature and practice healthy exercise has derived the largest market for hiking gear and equipment in this region. The rising construction of hiking trails in the US is generating many hikers in the region, thereby progressing the demand for such products. This, in turn, boosts the demand for camping equipment in the North American region.

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Competitive Landscape

The key players studied in the global camping equipment market are AMG Group Ltd. (Scotland), Big Agnes, Inc. (US), Dometic Group AB (Sweden), Exxel Outdoors, LLC (US), Hilleberg the Tentmaker, Inc. (US), Johnson Outdoors Inc. (US), Newell Brands (US), Oase Outdoors ApS (Denmark), Simex Outdoor International GmbH (Germany), and VF Corporation (US).

Global Camping Equipment Market: Recent Developments

• April 2021, AMG Group appointed a new partner to manage sales of their leading Vango camping equipment brand in Germany and Austria. Trek Touren joined the Vango International family and will begin working with Vango and the parent company AMG Group on the 1st of May 2021.
• September 2021, Dometic acquired Igloo for US$ 677 million. With the acquisition, Dometic adds a strong player in the cooler category to its portfolio.

Global Camping Equipment Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global camping equipment market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global camping equipment market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global camping equipment market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global camping equipment industry.

Global Camping Equipment Market Segmentation

By Type

• Camping Furniture
• Camping Backpacks
• Tents
• Cooking Systems and Cookware
• Camping Gear and Accessories

By Application

• Personal
• Commercial

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• AMG Group Ltd. (Scotland)
• Big Agnes, Inc. (US)
• Dometic Group AB (Sweden)
• Exxel Outdoors, LLC (US)
• Hilleberg the Tentmaker, Inc. (US)
• Johnson Outdoors Inc. (US)
• Newell Brands (US)
• Oase Outdoors ApS (Denmark)
• Simex Outdoor International GmbH (Germany)
• VF Corporation (US)

Global Smoking Pipe Market to Reach US$ 3.1 BN by 2031, driven by Rising Health Consciousness Among the Global Citizens: Global Insight Services

New York, August 2022: According to a new research study by Global Insight Services (GIS), the smoking pipe market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 3.1 billion by 2031.

A smoking pipe (also known as a tobacco pipe) is used to inhale the smoke of a burning substance, which can also accommodate almost any other substance. Historically, smoking pipes were used in celebrations, with the tradition gradually gaining popularity over the years as an acceptable way to smoke tobacco. Flavored compounds sold in bulk could be tested directly on the premises in smoke rooms set up for clients. Further, tobacco pipe is loose-leaf tobacco grown in northern middle Tennessee, western Kentucky, and Virginia.

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Global Smoking Pipe Market: Key Drivers

Cigarettes and cigars have a higher smoking index than smoking pipes despite being consumed in moderation. Therefore, the health-conscious population addicted to cigarettes tends to incline towards much healthier choices, giving them utility at a comparatively lower level of tobacco consumption. The smoking pipe does the same by enhancing the utility and lowering tobacco consumption. Further, when it comes to smoking pipes’ features, they are coated internally with flavors, or a customized supplementary solution is provided, which could be added to the tobacco to provide an enhanced experience to the consumer while smoking a pipe. Moreover, from the perspective of pipe manufacturers, to reduce the overall cost associated with the tobacco tax and advertisement restrictions of the product, manufacturers have come up with the solution of providing a pseudo tobacco experience with no health hazard strings attached, zero added cost to the manufacturer coupled with a constant flow of revenues through sustainable pseudo tobacco business. Thus, the rising health consciousness among the global citizens boosts the growth of the global smoking pipe market.

Global Smoking Pipe Market: Market Restraints and Challenges

Strict rules imposed by federal governments of several nations regarding the smoking of tobacco products in public places might act as a restraining factor for the smoking pipe market. For instance, in December 2017, according to the article published by the GUARDIAN Newspapers, Rwanda imposed a ban on the importation and smoking of water-pipe tobacco. The ban is in line with World Health Organization (WHO) tobacco guidelines underlining smoking health effects such as damaging, addictive, and dangerous to human lives. Further, smoking pipes have several substitutes in the market, including cigarettes, cigars, e-cigarettes, and roll on your own. Smoking tobacco in a pipe is dangerous for the health as it can cause cancer, heart disease, lung disease, and gum & teeth problems.

Global Smoking Pipe Market Report Findings

https://www.globalinsightservices.com/reports/smoking-pipe-market/

The wood segment is likely to hold the major share of the market in 2021

Based on material, it is segmented into wood, stainless steel, glass, clay, brass, and others. The wood segment is expected to have the largest smoking pipe market share in 2021. Wood pipes are commonly used, because wood is widely considered the best material, both in terms of pipe durability and the smoking experience that it provides. Wood offers a unique finish no matter what user is smoking. They’re portable, convenient, and incredibly simple to use. Due to multiple benefits, the wood segment is expected to receive the main market attraction resulting in market growth.

The hookah segment is likely to dominate the market during the forecast period

Based on type, it is segmented into bong, hookah, chalice, and others. The hookah segment is expected to dominate the market during the forecast period. The growth of the hookah segment is attributed to the growing demand for flavored hookah tobacco among young generation. Also, the consumption of hookah is used to the advantages which soothe the mind and revitalize. Due to these factors mentioned above, the hookah segment is expected to dominate the market during the forecast period.

The 18 to 30 years segment is likely to hold the major share of the market in 2021

Based on age group, it is segmented into below 18 years, 18 to 30 years, 30 to 50 years, and above 50 years. The 18 to 30 years segment is expected to be the largest segment in the smoking pipe market in 2021, owing to growing youth population in developing or underdeveloped regions. People who are between 18 to 30 years, prefer to use tobacco pipe as it is more comfortable than other types of smoking devices, cigars, and cigarettes. Thus, the 18 to 30 years segment will likely hold a major market share in 2021.

The Asia Pacific region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021. This is mainly due to the growing popularity of smoking pipes among youth in countries, including China, India, and Indonesia in the Asia Pacific region. Moreover, the presence of many potential vendors in this region further encourages market growth. This, in turn, boosts the demand for smoking pipe in the Asia Pacific region.

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Competitive Landscape

The key players studied in the global smoking pipe market are Blakemar Briars (UK), Boswell Pipes (US), Brigham Enterprises Inc. (Canada), Dr. Grabow Pipes (US), MacQueen Pipes (Canada), Mr. Brog (US), Peterson Ltd. (Ireland), Savinelli S.r.l (Italy), Silverline Productions (India), and The American Smoking Pipe Co. (US).

Global Smoking Pipe Market: Recent Developments

• May 2019, Blakemar Briars had participated in the U.K. Pipe Show event. The company had displayed a selection of smoking pipes available for sale.
• July 2018, Scandinavian Tobacco Group A/S acquired Peterson Pipe Tobacco of Kapp & Peterson Limited. The acquisition strengthens Scandinavian Tobacco Group’s position in the important premium pipe tobacco segment, which has been growing in recent years. The Peterson Pipe Tobacco brand portfolio will further increase the Group’s presence in important pipe tobacco markets like Germany, the UK, the US, and Asia.

Global Smoking Pipe Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global smoking pipe market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global smoking pipe market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global smoking pipe market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global smoking pipe industry.

Global Smoking Pipe Market Segmentation

By Material

• Wood
• Stainless Steel
• Glass
• Clay
• Brass
• Others

By Type

• Bong
• Hookah
• Chalice
• Others

By Age Group

• Below 18 years
• 18 to 30 years
• 30 to 50 years
• Above 50 years

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• Blakemar Briars (UK)
• Boswell Pipes (US)
• Brigham Enterprises Inc. (Canada)
• Dr. Grabow Pipes (US)
• MacQueen Pipes (Canada)
• Mr. Brog (US)
• Peterson Ltd. (Ireland)
• Savinelli S.r.l (Italy)
• Silverline Productions (India)
• The American Smoking Pipe Co. (US)

Global Massage Equipment Market to Reach US$ 18.9 BN by 2031, driven by the Rising Work Stress: Global Insight Services

New York, August 2022: According to a new research study by Global Insight Services (GIS), the massage equipment market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 18.9 billion by 2031.

Massage is a therapeutic practice influencing the limbs and muscles to relieve pressure and reduce pain. Massage can be practiced independently or as a part of physical therapy. It can be useful for lowering the symptoms of disorders or pain in the nervous system and muscles and is often utilized to lessen stress. Further, massage equipment is various aids that can be used during the massage to ensure the comfort of the massage receiver. Before their first massage, the receiver has various preconceptions about the therapy. The way to drive the preconceptions away and make him/her comfortable is to set the right environment and equipment to ensure the right beginning.

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Global Massage Equipment Market: Key Drivers

With rising work stress, several people (i.e., employees) are looking to find ways to reduce their stress levels. Long hours and demanding work schedules can affect people’s physical, mental, and emotional health. The symptoms of workplace stress often come as headaches, insomnia, stomach aches, irritability, fatigue, and depression. One way that has shown promising results in helping with this goal is via massage therapy. Massage therapy has been used as a means of relieving stress for centuries. When people are stressed, their body involuntarily tightens up, causing the muscles to tense. With this tension in mind, it should be no surprise that many suffer from chronic pain. With massage, people can return to relaxation alleviating any associated discomfort and giving them back control over movement while stimulating both ends through techniques such as trigger-point therapy and rubbing, which causes more warmth than contraction, allowing slackening within each fiber, thus increasing elasticity.

Moreover, massage therapy is rapidly catching up as an accepted method for improving stress-related disorders such as pain, hypertension (high blood pressure), and depression. Workplace stress is a significant issue worldwide, and its effects can be damaging for employees and business owners as decreased productivity & creativity. Therefore, massage benefits employees by increasing productivity and retention rates. It helps organizations by reducing absenteeism rates, alleviating the common cold & flu symptoms, and improving morale. Thus, the rising work stress boosts the growth of the massage equipment market.

Global Massage Equipment Market: Market Restraints and Challenges

Alternative healing therapies are known as the healing methodologies that differ from the usual line of treatment from that of a doctor. In other words, therapeutic practices currently not considered an integral part of conventional medical practice are classified as alternate healing therapies or alternative medicine. With alternate healing therapies, healing, and treatment, the results are achieved through diet, the self-healing mechanism of the human body, various energies, herbal and other supplements and much more. Few of these healing techniques are thousands of years older than conventional medicines. Over the last couple of decades, a renewed interest in holistic and natural healing has been renewed. Thus, multiple alternative healing therapies have found acceptance and are getting popular in India and the world. Some popular alternative healing therapies include acupuncture, acupressure, ayurveda, aromatherapy, homeopathy, and naturopathy. Hence, the rise in the trend of alternate healing therapies and self-massage techniques might act as a restraining factor for the massage equipment market.

Global Massage Equipment Market Report Findings

https://www.globalinsightservices.com/reports/massage-equipment-market/

The chairs & sofas segment is likely to hold the major share of the market in 2021

Based on product type, it is segmented into chairs & sofas, back massagers, handheld, neck & shoulder, and others. The chairs & sofas segment is expected to be the largest segment in the massage equipment market in 2021. The segment has the largest market share due to the predominant use of this equipment in shopping malls, residences, airports, and offices. This massage equipment helps in controlling multiple health parameters such as heart rate, blood pressure, cortisol level, and insulin intake, which ultimately reduces stress and offers complete relaxation. The chair’s vibration stimulates the secretion of melatonin, serotonin, and dopamine, which are natural muscle relaxers and help relieve all sorts of stress, including chronic, habitual, acute, and short-term. The use of massage chairs results in ensuring a good night’s sleep, which ultimately reduces cardiovascular health, along with limiting the occurrences of cardiovascular disorders. Due to these factors mentioned above, the chairs & sofas segment is expected to hold a major market share in 2021.

The commercial segment is likely to hold the major share of the market in 2021

Based on application, it is bifurcated into commercial and residential. The commercial segment is expected to be the largest segment in the massage equipment market in 2021. Massage equipment is mostly deployed in several public places, including railway stations and airports. The service is available to provide the travellers class apart comfort, services, and a memorable experience by relaxing the body, reducing fatigue, and re-energizing the travellers. Similarly, in spas and parlours, the deployment of such massage equipment has become a major strategy to retain customers. Thus, the commercial segment will likely hold a major market share in 2021.

The North America region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. The high concentration of sports enthusiasts in the region is expected to remain a favorable factor for industry growth. Moreover, the improvement of the tourism industry in the US and Canada due to an increasing number of business travellers at the domestic level is expected to promote the establishment of new commercial spaces where massage equipment could be used. This, in turn, boosts the demand for massage equipment in the North American region.

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Competitive Landscape

The key players studied in the global massage equipment market are Beurer (Germany), Casada Health and Beauty Ltd (UK), Healthmate International, LLC (US), HoMedics (US), JSB Wellness (India), OMRON Corporation (Japan), OSIM International Pte. Ltd. (Singapore), Panasonic (FFL Brands) (US), Prospera Corp (US), and RoboTouch (India).

Global Massage Equipment Market: Recent Developments

• January 2022, Beurer had launched two new massage guns for targeted and effective muscle regeneration, the MG 99 compact and the MG 185. Both muscle massagers can be used in various ways on thighs, calves, shoulders, arms and different back areas (excluding the spine). Targeted trigger point application activates and regenerates the massaged muscles.
• December 2020, Beurer had launched a new MG 180 deep tissue massager. It has 6 different massage attachments and 4 intensity levels to provide powerful, soothing muscle massage for the legs, calves, shoulders, arms, and various back areas (excluding the spine). Targeted application has an activating and regenerative effect on the affected muscle areas.

Global Massage Equipment Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global massage equipment market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global massage equipment market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global massage equipment market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global massage equipment industry.

Global Massage Equipment Market Segmentation

By Product Type

• Chairs & Sofas
• Back Massagers
• Handheld
• Neck & Shoulder
• Others

By Application

• Commercial
• Residential

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• Beurer (Germany)
• Casada Health and Beauty Ltd (UK)
• Healthmate International, LLC (US)
• HoMedics (US)
• JSB Wellness (India)
• OMRON Corporation (Japan)
• OSIM International Pte. Ltd. (Singapore)
• Panasonic (FFL Brands) (US)
• Prospera Corp (US)
• RoboTouch (India)

Global Photovoltaic Skylights Market to Reach US$ 5.4 BN by 2031, driven by Growing Popularity of Green Building and Rapid Modernization of the Construction and Building Sector: Global Insight Services

New York, July 2022: According to a new research study by Global Insight Services (GIS), the photovoltaic skylights market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 5.4 billion by 2031.

Photovoltaic products are widely adopted in commercial, residential, and industrial sectors. A photovoltaic skylight is a window built into a roof to allow light on the surface of a building. The installation of photovoltaic skylights is increasing among buildings, as they provide proper ventilation, aid in energy saving, and help in smoke extraction from buildings. Further, a building-integrated photovoltaic skylight is an application of photovoltaic that involves installing photovoltaic materials in the facades, curtain walls, canopies, roofs, and walls of a building.

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Global Photovoltaic Skylights Market: Key Drivers

Solar energy solutions are being incorporated into commercial infrastructures to conserve energy and optimize the architecture, resulting in significant demand for building integrated photovoltaic materials. Moreover, green materials and the green building movement are major factors accelerating the global photovoltaics skylights market growth. As a result, the key players focus on replacing positive carbon materials with clean building-integrated photovoltaic materials and gaining a competitive edge in the market.

Further, the rapid modernization of the construction and building sector and the increasing focus on clean energy have also increased the demand for green and zero-emission buildings. Also, solar energy harnessing systems in residential buildings have skyrocketed in popularity as consumers become aware of several ecological benefits of building-integrated photovoltaics skylights. Thus, growing popularity of green building and rapid modernization of the construction and building sector are acting as a driving factor.

Global Photovoltaic Skylights Market: Market Restraints and Challenges

The use of building-integrated photovoltaic technology converts buildings from energy consumers into energy producers. And to achieve this, the construction technology has to be merged with the building-integrated photovoltaics technology. It is an expensive approach to use building-integrated photovoltaics for curtain walls and other areas of industrial, commercial, and residential buildings. Because solar panels are not as mature of a product as building-integrated solar technology, costs remain high. Further, building-integrated photovoltaics cell efficiencies are lower than the efficiencies of solar panels. Thus users will likely incur higher costs for lower solar electricity production. Therefore, the elevated costs may hamper the market growth.

Global Photovoltaic Skylights Market Report Findings

https://www.globalinsightservices.com/reports/photovoltaic-skylights-market/

The thin film panel segment is likely to dominate the market during the forecast period

Based on type, it is segmented into crystalline panel and thin film panel. The thin film panel segment market growth is growing faster owing to rapid technological advancements that lead to the introduction of advanced products. Thin film panels are readily used in case of considerable weight constraints for the building. In such cases, the building envelope can’t support the weight of crystalline silicon integration, leading to high demand for thin film integrated installation. Thin film is beneficial as it can be used for curved surfaces due to its superior flexibility. Thus, numerous benefits of the thin film panel segment boost the market’s growth.

The commercial segment is likely to hold the major share of the market in 2021

Based on application, it is segmented into residential, commercial, and industrial. The commercial segment is likely to hold the major share of the market in 2021. The demand for building-integrated photovoltaics skylights in the commercial sector is likely to be fueled by the rising number of retrofit projects. Further, the high emphasis on the aesthetic appeal of solar energy-harnessing systems, majorly in the commercial sector, is likely to fuel the product demand in this sector.

The renovation segment is likely to hold the major share of the market in 2021

Based on construction, it is segmented into new construction and renovation. The renovation segment is likely to hold the major share of the market in 2021. The renovation market continues to benefit from a strong housing market, including accelerating growth in homebuilding, sales, and home equity. Additionally to routine replacement and repair projects, homeowners are pursuing more and larger discretionary home improvements as the broader economy recovers.

The Europe region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Europe market is expected to hold the majority of the market share in 2021. With Germany and Italy promoting the use of solar energy, the adoption of building-integrated photovoltaics skylights will help in promoting European industry growth. This is because more players in the market are moving towards them. In addition, the European governments have been supporting growth by passing various regulations. This, in turn, boosts the demand for photovoltaic skylights in the European region.

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Competitive Landscape

The key players studied in the global photovoltaic skylights market are AGC Inc. (Japan), Autonic (India), Ertex Solar (Austria), Kingspan Group (SKYCO Skylights) [Ireland], Metsolar (Lithuania), ML SYSTEM S.A. (Poland), Norsk Hydro ASA (Norway), Onyx Solar Group LLC (Spain), Polysolar Ltd (UK), and Super Sky Products Enterprises, LLC (US).

Global Photovoltaic Skylights Market: Recent Developments

• September 2021, AGC Inc. had announced that its photovoltaic glass had been adopted at the Singapore Institute of Technology’s new Punggol campus, which is scheduled to open in 2024.
• June 2021, Spanish group Onyx Solar had an agreement with Sterling Bank (a leading financial institution in Nigeria) to install 6,500 sq m of crystalline silicon photovoltaic glass spandrels at its headquarters building in the capital Lagos. The project, which is set to become the largest PV integration development in Africa, is being implemented in co-ordination with Nigeria’s energy firm Privida.

Global Photovoltaic Skylights Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global photovoltaic skylights market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global photovoltaic skylights market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global photovoltaic skylights market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global photovoltaic skylights industry.

Global Photovoltaic Skylights Market Segmentation

By Type

• Crystalline Panel
• Thin Film Panel

By Application

• Residential
• Commercial
• Industrial

By Construction

• New Construction
• Renovation

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• AGC Inc. (Japan)
• Autonic (India)
• Ertex Solar (Austria)
• Kingspan Group (SKYCO Skylights) [Ireland]
• Metsolar (Lithuania)
• ML SYSTEM S.A. (Poland)
• Norsk Hydro ASA (Norway)
• Onyx Solar Group LLC (Spain)
• Polysolar Ltd (UK)
• Super Sky Products Enterprises, LLC (US)