In 2023, the global men’s underwear market is anticipated to reach a valuation of US$ 38.96 billion, with projections indicating a surpassing of US$ 65.3 billion by the end of the forecast period, driven by a Compound Annual Growth Rate (CAGR) of 5.3%. This growth trajectory underscores a steady increase in demand for men’s underwear worldwide, fueled …
Category Archives: Press Release
Flooring and Carpet Industry Analysis in Middle East: Expected to Rise at a 7.8% CAGR to Reach USD 21,521.3 Million by 2033
In 2022, the Middle East flooring and carpet ecosystem was valued at USD 9,432.1 million. This is expected to increase to USD 10,169.2 million by 2023. Demand for flooring and carpets in the Middle East is anticipated to grow at a 7.8% CAGR during the forecast period, reaching a valuation of USD 21,521.3 million by 2033. Manufacturers …
Europe & Asia Pacific Herbal Beauty Products Market: Expected to Reach USD 2,571.2 Million by 2026
During the forecast period, the Europe & Asia Pacific herbal beauty products market is expected to register a CAGR of 3.7% due to various factors, as detailed insights are offered by FMI. By 2026, the Europe & Asia Pacific herbal beauty products market is projected to surpass USD 3197.49 Million. The demand for clean label beauty care …
Perfume Market Set to Reach USD 101.3 Billion by 2033 | Says FMI
According to the latest data from Future Market Insights (FMI), the global perfume market is forecasted to witness a 5.5% compound annual growth rate (CAGR) throughout the assessment period. The market is anticipated to expand from USD 59.4 billion in 2023 to USD 101.3 billion by 2033. Here’s what’s making the perfume market a lucrative investment: Fragrance Revolution in …
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Mobile Phone Accessories Market is Projected to Surpass a Valuation of USD 196,142.9 Million by 2034
According to analysis, the mobile phone accessories market is forecasted to achieve a valuation exceeding US$ 196,142.9 million by 2034, with projections indicating a steady Compound Annual Growth Rate (CAGR) of 6.5% throughout the period. Presently valued at US$ 104,498.2 million in 2024, this market demonstrates sustained growth potential driven by evolving consumer preferences and technological advancements …
Pest Control Services Market: Projected to Develop at a 6.2% CAGR, Surging to USD 42.44 Billion by 2033
In 2023, the global pest control services market is expected to rake in revenues amounting to US$ 23.26 billion. Analysts predict that the demand for pest control services will experience a steady growth trajectory, with a Compound Annual Growth Rate (CAGR) of 6.2%, ultimately reaching US$ 42.44 billion by the year 2033. A key pest management strategy …
Global Outlook: Modified Starch Market Expected to Hit USD 21,806.2 Million by 2034, Growing at 4.7% CAGR
The modified starch market size is poised to cross USD 13,780.3 million in 2024 and is likely to attain a valuation of USD 21,806.2 million by 2034. The modified starch market is projected to thrive at a staggering CAGR of 4.7% from 2024 to 2034. More consumers are increasingly drawn to clean-label products, favoring natural …
Electronic Power Steering Market Forecasted to Hit USD 41,893.2 Million by 2032, Growing at 5.2% CAGR | FMI Reports
The global electronic power steering (EPS) market is projected to reach USD 41,893.2 million by 2032, growing at a steady CAGR of 5.2% from 2022 to 2032. By the end of 2022, the market is anticipated to be valued at approximately USD 25,234.0 million. The increasing focus on vehicle safety, along with the rise in …
Automotive Brake System Market Forecasted to Achieve USD 29,601.1 Million by 2033, with a CAGR of 16.9% | FMI Reports
The automotive brake system market is projected to be valued at USD 6,211.0 million in 2023 and is expected to grow to USD 29,601.1 million by 2033, reflecting a robust CAGR of 16.9% over the forecast period. Automotive brake systems are crucial for vehicle safety and control, allowing drivers to slow down or stop their …
EV Charging Cable Market Projected to Reach USD 16,992.56 Million by 2034, Growing at 22.24% CAGR | FMI Reports
Following a comprehensive analysis of the electric three-wheeler industry, FMI has released a new report on the EV charging cable market. The report indicates that EV charging cable sales are projected to be valued at USD 2,281.63 million in 2024. Based on current trends, demand is expected to surge, driving the market to a valuation …