New Product Development
The global airline A-la-carte services market is forecast to have a worth of US$ 147.90 billion in 2023, and is projected to grow to a value of US$ 646.86 billion by 2033. It is estimated that the demand for these services is expected to increase steadily, at a rate of 15.9% per year The increase …
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According to FMI’s study of the global EV power module market demand, the industries are anticipated to expand at a healthy CAGR of 24% on average. Consequently, by the end of the forecast period, the EV module market share’s entire worth might reach up to US$ 16,805.4 million. Back in the year 2022, the overall …
The digital travel market reached a valuation of US$ 400 Billion in 2022 and is anticipated to reach US$ 1,618 Billion in 2032, at a 15% CAGR. With a plethora of innovative, customer-friendly initiatives, the digital travel industry is thriving globally and solidifying its position in the fiercely competitive travel and hospitality sector. Sales of digital travel have skyrocketed in recent …
The global corrosion protective coating and acid proof lining industry size is poised to reach US$ 47,928.96 million by 2023. The corrosion protective coatings and acid proof lining sales are expected to witness a steady CAGR of 5.7% between 2023 and 2033. By 2033, the corrosion protective coatings and acid proof lining demand is anticipated to attain …
The global snow cone and commercial shaved ice machines market is anticipated to reach a valuation of US$ 3.9 billion in 2023, driven by expansion of food service industry across the globe. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.3% between 2023 and 2033, and …
The adaptive cruise control market is capturing a valuation of US$ 4.1 billion in 2023 and is predicted to reach US$ 13.7 Billion by 2033. The market is registering a CAGR of 12.7% during the forecast period. The automotive industry is rapidly growing behind the global market growth. The demand for adaptive cruise control is rising due …
According to recent data from Future Market Insights (FMI), the artificial hair integration market is valued at US$ 1.9 billion in 2023, with projections indicating an increase to US$ 3.9 billion by 2033, reflecting a compound annual growth rate (CAGR) of 7.2% from 2023 to 2033. The artificial hair integration market represents approximately 25% to 35% of …
The thermal insulation material industry is expected to reach US$ 70.74 billion by 2023 and grow at a 5.6% CAGR. The best way to reduce energy consumption is to insulate all partitions of a building effectively. Polyurethane foam, mineral wool, and polystyrene foam are the most common thermal insulation materials used in buildings, which provide …
The global cotton candy machines market is worth US$ 108.4 Billion as of now and expected to reach US$ 170.4 Billion by the year 2033 at a CAGR of 4.62% between 2023 and 2033. The ongoing trend is that of sugar-free candies due to consumers getting more health-conscious. As such, low-sugar chocolates are in the …
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The global skincare devices market is estimated to reach US$ 23.8 billion in 2023 and is expected to grow to US$ 101.5 billion by 2033, demonstrating a Compound Annual Growth Rate (CAGR) of 15.6% from 2023 to 2033. Previously, from 2017 to 2022, the market grew at a CAGR of 10.9%. The growing demand for …