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The mechanical locks market is expected to reach a valuation of approximately US$ 6.5Billion, expanding at 4% CAGR over the forecast period 2021 to 2031. Electronic door locks are increasingly getting popular because they eliminate the need for keys and provide automated features such as remote locking and unlocking. The locks can be controlled and monitored with a smartphone application. …
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As per FMI analysis, baby bath and shower products market outlook remains positive with sales projected to rise at 6.5% CAGR between 2021 and 2031, despite a period of subdued growth in 2020, according to a latest study by ESOMAR-certified market research firm, Future Market Insights (FMI). The research study tracks baby bath and shower product sales in 20+ countries, offering …
The men’s underwear market will grow at approximately ~4% CAGR between 2021 and 2031. In 2020, the overall sales of men’s underwear totalled US$ ~10 Bn .As per FMI, the men’s underwear market holds a share of ~1% in the overall apparel market. Besides innovation in designs, the market is gearing to witness the launch of electronic underwear, designed particularly for elderly patients. Rising prevalence of …
The global residential water treatment devices market is anticipated to total US$ 23 Billion in 2021 by 2027, likely to surge at a vigorous ~5% CAGR during the assessment period 2021 – 2031. Water is required for the life of all living beings while also being one of the most limited resources. Large-scale urbanisation, widespread pesticide use, and naturally occurring pollutants in …
The global halal cosmetics market size is expected to showcase an opulent growth opportunity with a phenomenal CAGR of 11.6% from 2022 to 2032. The market size is estimated to reach US$ 38,217 Million in 2022 and is projected to surpass a valuation of US$ 114,524 Million by 2032. The popular types of halal cosmetics incorporate an array of fragrances; color cosmetics such …
The ecotourism market size is projected to grow by 15% CAGR by the end of the year 2031. In 2021, the market value will surpass US$ 17 Billion, finds Future Market Insights (FMI) in its latest study. FMI projects the education sector to significantly contribute towards the ecotourism market growth. The relationship between education and ecotourism is concerned with ensuring that organisations deliver …
The automotive performance parts market growth is estimated to grow from US$ 339.32 Mn in 2022 to US$ 532.02 Mn by 2032. Sales of automotive performance parts are predicted to grow at a CAGR of 4.6% from 2022 to 2032 The global automotive performance parts market growth is primarily driven by consumers’ desire to improve their vehicle’s performance in terms of exhaust, speed, …
The global horizontal milling machine market is expected to grow from US$ 36,955.7 Million in 2023 to US$ 55,764.6 Million by 2033, with overall sales accelerating at 4.2% CAGR throughout the forecast period (2023-2033). The rising demand for passenger cars and commercial vehicles is expected to drive the growth of the market in this segment. …
According to Future Market Insights, the global meat mincers market size is anticipated to grow from US$ 457.5 Million in 2023 to US$ 1,063 Million by 2033, with overall sales accelerating at a robust CAGR of 8.8% throughout the forecast period (2023-2033). Rapid growth of meat processing industry due to rising consumption of meat products …
During the projected period (2023-2033), the global meat processing equipment market is expected to grow at a CAGR of 5.2%. The meat processing equipment market is projected to be valued at US$ 8,467.0 Million by 2033 and is likely to reach US$ 5,100.0 Million in 2023. Increasing demand for plant-based meat owing to the rapid adoption of veganism in …
