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Indoor Farming Market Insights By Type, Industry, Application & End-User | FMI

The global indoor farming market size are anticipated to grow by 9.6% CAGR to US$ 96.6 Bn in 2032. To address the rising demand for organic food, the agriculture sector is implementing innovative practises.

Growing in popularity, vertical farming will become a significant farming technique in the years to come. Vertical farms are employing artificial light management, humidity control, and gas control inside the facility thanks to the development of new technology. Vertical farming increases automation while reducing costs and pollution.

Some of the main elements influencing the development of vertical farming are the high yield associated with it compared to conventional farming, the year-round production of crops regardless of the weather, advances in light-emitting diode (LED) technology, and the need for little resources.

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“Indoor farming is growing as a result of rising urbanisation, rising food quality demands, and autonomous agricultural methods. A key analyst at FMI adds that the loss of groundwater and shifting climatic circumstances are also pushing traditional producers to use alternative farming techniques.
Key Takeaways:

Sales in the greenhouse facility market are anticipated to grow at a 4.8% CAGR through 2032, depending on the capacity type.
Over the course of the projection period, the hydroponics market will grow at a 6.1% CAGR.
Sales in the hardware category will increase at a 7.4% CAGR through 2032, depending on the component type.
Over the course of the evaluation period, the category for fruits and vegetables will expand at a 6.5% CAGR.
Over the course of the forecast period, sales in the U.S. indoor farming market are expected to grow at a 5.5% CAGR.
Sales in India will expand at a 6.6% CAGR through 2032, making it an attractive market.
With a market share of 13.9%, Germany will command the indoor farming market in Europe.

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Competition Landscape

Argus Control Systems Ltd., Certhon, AeroFarms, Bright Farms Inc., Richel Group, Bowery Inc., FreshBox Farms, Metropolis Farms Inc., General Hydroponics, Hydrodynamics International, Illumitex, Lumigrow, Vertical Farm Systems, Priva, and Netafim among others are some of the players profiled by FMI.

Leading players operating in the indoor farming are investing in promotional strategies, advertisements, and new product launches to gain a competitive edge in the market. Some recent developments include:

In 2021, BrightFarms opened its latest indoor farm in Hendersonville, North Carolina.

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Future Market Insights, in its new offering, provides an unbiased analysis of the global indoor farming market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the indoor farming market based on the facility type (greenhouses, indoor vertical farms, container farms, indoor deep water culture systems, and other facility types), growing system (aeroponics, hydroponics, aquaponics, soil-based and hybrid), component type (hardware and software), crop type (fruits and vegetables, herbs and microgreens, flowers and ornamentals and other crop types) across seven major regions.

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Global Indoor Farming Market by Category

Facility Type:

Greenhouses
Indoor Vertical Farms
Container Farms
Indoor Deep Water Culture Systems
Other Facility Types

Growing System:

Aeroponics
Hydroponics
Aquaponics
Soil-based
Hybrid

Component Type:

Hardware
Software

Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Fairway Mowers Market: Notable Developments & Geographical Outlook

Fairway mowers can be used to maintain and trim grass in the fairways. Typically, fairway mowers consist of engine, hydraulics, control panel, and cutting units coupled with the lightweight design providing a lower center of gravity. Moreover, fairway mowing is extremely important since it is used to maintain the fine golf playing surfaces.

Thus, proliferating the demand for high-grade fairway mowers without which it would be difficult to be successful in the golf industry. Moreover, electric power driven fairway mowers can offer reduced fuel usage and sound levels.

All-Wheel Drive traction systems can be added to the fairway mowers, thereby allowing enhanced traction when mowing up and down inclines. The power for the cutting units in the fairway mowers is generated by an alternator driven by the engine, allowing the reel speed to be independent of the engine speed.

Furthermore, tungsten inserted bottom blades with an average life expectancy of three years. In inference, the future of fairway mowers looks optimistic and even more profitable attributable to the rapidly growing awareness of the golf.

Subsequently, elevating demand for new golf courses and increase in golf resorts are expected to substantiate the global fairway mowers market. This will likely to augment the employment opportunities as well.

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The global fairway mowers market is assumed to be a consolidated market with a few numbers of manufacturers. In order to gage the trend and growth analysis of the global fairway mowers market; this study offers a complete analysis.

Global Fairway Mowers Market: Market Dynamics

National governments of various countries endeavor to work as a catalyst for the development of gold tourism. Golf – as a niche tourism product, federal governments are capitalizing on the existing work in order to attract both international and domestic tourists.

Prevalence of human-driven conventional lawn mowers in many countries impacts the global fairway mowers market. Further, the traditional lawn mowers dependent on fossil fuels are driven by the human operator have high operating costs and creates a significant level of noise. Consequently, various advantages associated with the fairway mowers against conventional lawn mowers are likely to bolster the future outlook of the global fairway mowers market.

Brushless motors on the fairway mowers allow several advantages, including compact design, enhanced efficiency, and reduced noise. In the coming years, an increase in the prevalence of electric-powered fairway mowers is expected. Importantly, different technological developments for making efficient and cost-effective fairway mowers set to flourish the global market. Manufacturers in the fairway movers market are not leaning towards radical changes in the equipment, but believe keeping abreast of developments is crucial.

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Global Fairway Mowers Market: Regional Outlooks

Prominent manufacturers have been extensively investing in sales operations in lucrative regions, such as South East Asia & Pacific, thereby enhancing their market footprint in order to cater to the elevating demand in the ASEAN and other neighboring countries. In India, Ministry of Tourism has drafted the guideline to stimulate golf in the country.

With a home to more than a billion people, the country strives to conduct golf events at regular intervals which in turn could augment the demand for fairway mowers. Golf tourism industry has always been a lucrative industry. The emergence of exquisite golf resorts across Europe, North America, Africa and Asia has increased the revenue in the industry. Further, each region striving to set itself apart from the rest in an effort to attract more tourists.

The fact being, golf is geographically concentrated; with more than half of the fairways are located in countries, such as the U.S., Canada, Japan, the U.K., Australia, Germany, France, Sweden, South Africa, and Scotland. Western Europe and North America continue to burgeon the demand for fairway mowers. However, a large number of under construction fairways in China and South East Asia & Pacific to surge the sales of new fairway mowers in the foreseeable future.

Global Fairway Mowers Market: Key Participants

Examples of some of the market participants in the global fairway mowers market discerned across the value chain include:

Deere & Company
The Toro Company
Textron Specialized Vehicles Inc. (Jacobsen)
Kyoeisha Co. Ltd.
Kesmac Inc.
IHI Shibaura Machinery Corporation
Turf Equipment Rental

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Fairway Mowers Market: Market Segmentation

The global fairway mowers market can be segmented on the basis of power sources, ownership, an engine power, motor, and region.

On the basis of power sources, the global fairway mowers market can be segmented as:

Diesel-Powered
Electric-Powered
Gas-Powered
Hybrid

On the basis of ownership, the global fairway mowers market can be segmented as:

Rental
End User

On the basis of engine power (in horsepower), the global fairway mowers market can be segmented as:

Up to 30 hp
30 hp – 45 hp
More than 45 hp

On the basis of the motor, the global fairway mowers market can be segmented as:

Electric
Hydraulic

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Fishing Reels Market to Display Impressive Growth of 4.3% with Rising Demand

The demand in the fishing reels market size grew by year-on-year (YoY) rate of 4.3% in 2021, reaching a market valuation of US$ 5.3 Bn in 2021.

Angler demand and the growing popularity of sport fishing as a recreational activity are expected to boost the worldwide fishing reels market size in the near future. Fishing reel demand will be fueled by the growing popularity of fishing as a sport and, as a result, the growing appeal of fishing equipment.

Improvements in fishing reel technology have helped to propel the market forward. Another factor driving the increase in demand for such fishing reels is the increased demand for modified and customized reels based on the needs of the customer.

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Increase in use of modified fishing reels for freshwater or saltwater fishing will push growth in the market. Besides this, popularity of fishing as a leisure activity is soaring among aged people in North America and Europe, catapulting both regions to the forefront of the market.

Moreover, efforts by regional governments and other communities have helped in the growth of recreational fishing activity. To encourage it, they have introduced various policies and regulations benefitting the fishing enthusiasts.

For instance, the American Sport Fishing Association (ASA) recently held its inaugural online auction to raise funds in support of Keep America Fishing. Keep America Fishing (KAF) is the association’s grassroots advocacy program that provides nation’s 55 million anglers a way to let their voices be heard when fisheries policy and management decisions will impact recreational fishing.

Such efforts by different organizations are likely to support recreational activities such as fishing among all age population and help the market growth in significant manner.

Key Takeaways from the Fishing Reels Market Study

Spinning reels are expected to hold the leading revenue share of 48.2% in the market in 2021 aided by their high durability and efficiency in all types of waters.

Aluminium reels dominate the market as they can withstand corrosion even in saltwater bodies and are regarded as most durable by fishing enthusiasts.
The U.S. holds a share of 76.5% in North America owing to the high penetration of key players in the region.
Malaysia is a key market in South Asia, registering growth at above 8% CAGR owing to higher spending on premium products in the country.
Europe showcases lucrative opportunities for the fishing reels industry backed by a larger pool of consumer population who are willing to spend on recreational activities.

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“Intensive promotional activities and marketing campaigns by manufacturers on back of greater support for recreational activities from various government and private organizations will drive fishing reels market in the near future,” says an FMI analyst.

Impact of COVID-19 on the Market

The novel coronavirus outbreak had caused economic downturn by disrupting corporate operations in various industries. The retail sector had been considerably hit. Decline in overall discretionary spending also had adverse impact on the retail sector.

Consumers were subjected to maximum restrictions, which causes the year-on-year growth to nose-dive. During the pandemic, there was a drop in productivity due to complete lockdown and resultant chaos in the industrial environment. The sales were bracketed by online retailing.

In light of this, players concentrated their efforts on increasing internet penetration, as this allowed them to reach a larger consumer base more quickly and at a lower cost. Moreover, restrictions on going out hampered the recreational activities across the globe and correspondingly hampered the fishing reels sales.

Who is winning?

Leading manufacturers of fishing reels are focused on differential strategies and advertisements that have driven sales growth globally.

Major players present in the fishing reels market are SHIMANO INC., Daiwa Corporation, Abu Garcia, NingBo HaiBao fishing tackle co., Ltd., OKUMA FISHING TACKLE CO., LTD, The Orvis Company, Inc., BPS Direct, L.L.C., Tackle World, TICA FISHING TACKLE, BCF Australia, and Pure Fishing, Inc. (Penn) among others.

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Fishing Reels Market by Category

By Product Type:

Spinning Reel
Baitcasting Reel
Spincast Reel
Fly Reel
Others (Offshore, Conventional, Surf Fishing, etc.)

By Material Type:

Stainless Steel
Aluminium
Graphite
Others (Plastic, Rubber, etc.)

By Fishing Type:

Freshwater Fishing
Saltwater Fishing

By Sales Channel:

Direct Sales
Hypermarkets/ Supermarkets
Specialty Stores
Outdoor Sports Store
Online Retailers
Other Sales Channel (Convenient Stores)

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Global Gaming Gadgets Market Share, Size, Trends – 2032 | FMI

The gaming gadgets industry is predicted to be worth US$ 71.30 Billion by 2022 and US$ 156.7 Billion by 2032, according to FMI. Between 2022 and 2032, the market is estimated to increase at a compound yearly growth rate of 8.2%.

Innovations in technology including graphic quality, VR, AR and processing power coupled miniaturization of devices have played key roles in the electronics and smart gadgets industry. Sega in 2020 announced the miniature Game Gear Micro, a palm-sized device that comes in four colors.

With investments aimed towards technology and product launches with value-added services, the demand for gaming gadgets is expected to grow rapidly during the forecast period. Brands are extensively focused on leveraging their brand position through enhancing retail penetration.

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Brands are actively collaborating with local and regional online retailers to ensure product accessibility in both developed and developing countries. Sega of America, Inc. is one such company with significant local and regional online penetration. These trends are expected to fuel growth in the market.

One trend that is propelling the gaming gadgets market is the rise of eSports. Rising viewership and increasing interest towards e-sports has unlocked new opportunities for gaming gadgets in countries other than China including Vietnam, Malaysia, and Indonesia.

Key Takeaways from the Gaming Gadgets Market Study

PlayStation products are expected to hold a noteworthy revenue share of 46.7% in 2021 aided by frequent technical and system updates.
Home consoles dominate the market with a wider scope of gaming options from players like Nintendo, Sony, and Microsoft.
The U.S. holds a noteworthy value share of 79.4% in North America owing to the rapid upsurge in the number of active gamers in recent years.
Thailand is a key market in South Asia reflecting a CAGR of 18.4% owing to higher spending on premium products in thecountry.
China showcases major opportunities for the gaming industry owing to a larger consumer population with increased spending on gaming content and hardware.

“Frequent launches of new gaming content with superior graphics, rapidly evolving technologies such as artificial intelligence (AI) and virtual reality (VR), are key factors creating a conducive environment for major console manufacturers and will influence growth in the gaming gadget market in the coming decade,” says an FMI analyst.

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Impact of COVID-19 on the Market

The outbreak of the novel coronavirus has resulted in an economic downswing by causing disruptions in the business operations in various sectors. The retail industry has been hit hard. A reduction in overall discretionary spending levels, is posing a temporary challenge for players operating in the market.

These issues were offset by strong year-over-year revenue growth as consumers were subject to shelter-in-place restrictions. Limits on varied forms of entertainment and social interaction is expected to keep the demand for gadgets afloat in the coming months.

In light of this situation, players are now focused on improving online penetration, as this provides an opportunity to the players to access a wider consumer base at once within minimum costs.

Who is winning?

Leading manufacturers of gaming gadgets are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of gaming gadgets globally.

Major players present in the gaming gadgets market are Nintendo Co., Ltd, Sony Corporation, Microsoft Corporation, Atari, Inc., Hyperkin, Inc., Razer Inc., NVIDIA Corporation, SEGA of America, Inc., Valve Corp., Dell Technologies Inc., and Mad Catz Global Ltd. among others.

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Underreamers Market 2022 Industry Research, Segmentation, Key Players Analysis and Forecast to 2028

An Underreamer is a well enlargement device extensively used in oil & gas industry during well drilling operations in the fields. The Underreamers run inside the existing downhole well section to improve borehole quality by widening the hole and removing unwanted debris.

As a result, the Underreamers must be strong and stable enough to produce enlarged wellbores for various applications and operate in the challenging downhole environments to enhance production of the well.

The Underreamer are generally positioned either above the drill bit or pilot assembly fixed with range of tools such as cutters and tungsten carbide insert to ensure optimum performance in drilling application. Among various types, the rock type Underreamers are designed with larger cones and bearings that allows more penetration in the sections to be enlarged.

On the other hand, the drag type Underreamers are used in unconsolidated soft formations and fault zones where larger diameter sections are required for conducting well enhancement operations such as gravel packing or cementing.

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The Drilling Drag Underreamer and Tubing Underreamer are the other types which operate underneath surfaces production and increase production of the well. The suppliers also offer custom type Underreamers solutions offering personalized designs as per specific needs of the drillers.

The key participants in the industry operate through collaboration with service providers and offer broad range of standard as well as modified Underreamers for specific drilling application.

Underreamers Market: Drivers and Restraints

The oil & gas producers are working to enhance efficiencies of drilling, completing and producing wells in order to maximize output with minimal increase in the cost across all parts of the globe. The demand of Underreamers is anticipated to increase with rising need among drillers to understand downhole conditions to effectively mitigate risk while improving operational efficiency.

The oil price decline in the past is appearing to be over as oil producers are witnessing rebound in production activity that will boost demand of drilling equipment including Underreamers. As the prices are picking up, the operators will be looking to produce oil from incomplete wells left earlier during downfall of oil prices.

With moderate growth over the last two years, the Underreamers market will move into high growth cycle are seeing growing demand for well enhancement service sector.

Adding to this, the demand will continue to benefit from increasing drilling and completion activity by Exploration & Production (E&P) companies. One of the major restraint to the market growth will be pressure among oil producers to maintain low costs for services sector.

However, the Underreamers are important component of any drilling operation and will continue to witness demand growth positively impacted by anticipated increasing well drilling activities globally.

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Underreamers Market: Region-Wise Outlook

The global Underreamers market is segmented into seven key regions: North America, Latin America, Western Europe and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). In the coming years, MEA, North America and Western Europe regions are expected to witness an increase in oil & gas activity that will ultimately create positive impact over Underreamers demand.

The Asia Pacific and Latin America region will witness demand growth as regions will witness new investments from global players locally to boost economies highly dependent on export and import of oil commodities. The Japanand Eastern Europe will also offer revenue generation opportunities for the Underreamers market players.

Underreamers Market: Market Participants

Examples of some of the market participants identified across the value chain of the global Underreamers market include:

Schlumberger Limited
Hole Opener Corporation
Stuckey’s Specialty Tools
Burintekh
Mills Machine Company Inc
Nuova Costruzioni Brunello srl
Baker Hughes Incorporated
National Oilwell Varco
Halliburton
Harvest Tool Company LLC

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Underreamers Market: Segmentation

On the basis of Drill,the Underreamers market can be segmented into:

Rock Type
Drag Type
Drilling Type
Tubing Type
Custom Type

On the basis of Drilling,the Underreamers market can be segmented into:

Onshore
Offshore

On the basis of Sales, the Underreamers market can be segmented into:

Original Equipment Manufacturers
Service Providers

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Online Clothing Rental Market to be ~US$ 4.82 Billion by 2032 | Future Market Insights

The global online clothing rental market size is estimated to be valued at ~US$ 2.0 Bn in 2022 and is projected to reach ~US$ 4.82 Billion by 2032, with overall demand growing at a robust CAGR of ~9.2% from 2022 to 2032. The subscription model is becoming a new trend in the clothing rental business. It appeals to retailers who are under pressure to cater to shifting consumer inclinations before certain designs lose favor.

Even with declining garment sales, the clothing rental industry is strolling assortments down the subscription model plans with an end goal to reach its customers. The subscription model does not just give clothing rental organizations experience to potential customers, it creates recurring revenues. However, it can save retailers the expenses associated with traditional brick-and-mortar stores.

The clothing rental subscription and rental market also provide designers with fast insights into shopper’s inclinations. Moreover, the online clothing rental subscription market is extending its customer’s reach by obliging specialty/niche markets. Some of them are adopting innovative strategies to gain traction. For instance, Gwynnie Bee offers rental clothes for plus-sized shoppers – something that has been disregarded by other online clothing rental retailers.

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Meanwhile, Union Station intends to remove the nuisance from buying bridesmaid dresses, which are regularly costly and purchased by the taste and style of the lady, not the wearer. The firm empowers ladies to choose their bridesmaids’ dresses, which would then be able to be returned after they have been dry-cleaned.

Thus, online clothing rental is intended to help the customers curb expenditure on buying new clothes for any special occasion/purpose.

Key Takeaways from the Online Clothing Rental Market Study

FMI in its latest study has forecast the market to rise at a CAGR of ~11.0% between 2021 and 2031
The U.S. has emerged as a highly lucrative market, accounting for nearly 95% of the North America market
The U.K. is projected to register 11.8% Y-o-Y growth in 2021, performing exceedingly well within the Europe market
Germany and France will continue exhibiting high demand for online clothing rental
Within East Asia, the demand for China and South Korea is expected to be higher than Japan

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COVID-19 Causing Disruptions in Online Clothing Rental

Prior to the COVID-19, online clothing rental was set to achieve sustainability, but the pandemic has caused significant disruptions as events such weddings, social gatherings, and other occasions were cancelled due to the imposition of lockdown in various nations across the world.

Companies such as Rotaro, Rent the Runway, and others saw a decline in the number of rental requests. As the online clothing rental companies are primarily event-based, so when there have been no events and people are not going out in the pandemic period which in turn had a profound effect on the clothing rental business.

Who is winning?

Some of the key players operating in the online clothing rental market are Rent the Runway, Rotaro, GlamCorner Pty Ltd., Gwynnie Bee Company, Mine for Nine LLC, Dress Hire AU, ThreadTread, Nuuly, Rent The Front Row LLC, Dress & Go Company, Chic by Choice Company, Style Lend Company, Rent It Bae Company, Mr. & Ms. Collection, The Secret Wardrope, Banana Republic LLC, Le Tote Company, and Lending Luxury, among others.

In September 2020, to meet the changing preference/needs of today’s shoppers Rent the Runway implements new clothing subscription model plans which include dry cleaning and rental coverage, free shipping and returns, and members-only discounts. Further, the company is also using sustainable strategies to improve the environment by using recyclable garment bags.
In 2019, the Gap Inc. owned company Banana Republic LLC had partnered with CaaStle and launched ‘style passport’ an online rental subscription for women. This would help the company to connect with millennials and Gen Zs who would to experience fashion in a sustainable manner.

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Online Clothing Rental Market by CategoryProduct Type

Knitwear
Trousers & Jeans
Jumpsuits
Suits & Blazers
Coats & Jackets
Skirt & Shorts
Ethnic Wear

Business Model

Standalone Model
Subscription Model

End-User

Business-to-Business (B2B)
Business-to-Consumer (B2C)
Consumer-to-Consumer (C2C)

Consumer Orientation

Men
Women
Kids

Region

North America
Latin America
Europe
East Asia
South Asia
Middle East and Africa (MEA)
Oceania

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Powered Screed Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2028

The Powered Screed are designed for the professional concrete contractor to provide rapid consolidation quality and flatness of concrete floors to improve the finished surfaces. The Powered Screed are preferably fitted with magnesium blades to avoid any kind of reaction while rolling the concrete placed in the front.

The Powered Screed increases efficiency by reducing labor hours allowing users to screed with multiple width removable boards with one user. The Powered Screed can fit the demands of different job site with a variety of blade lengths.

The adjustable eccentric weights is one of the most important feature in modern Powered Screed that can be adjusted to different positions to conveniently match the applications. The combination of high speed engine combined with the perfectly aligned unit design are the major factors that promotes operational stability and achieve desired surface of the concrete.

The Powered Screed system is fixed to the blade in such a manner that allows transmission of vibration to both horizontally and vertically angles leading to minimal vibrations.

The lightweight of the Powered Screed unit is also very important features for making system easy to maneuver and transport around the different sites. Some of the other important key criteria that influence purchasing decision of the buyers are high productivity, smooth handling system, enclosed exciter and low maintenance.

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With high infrastructure growth expected across all parts of the globe, the Powered Screed market is anticipated to increase at significant pace.

Powered Screed Market: Drivers and Restraints

The spending on infrastructure construction will witness stable growth at a relatively strong rate over the next decade across the globe. The Powered Screed market is expected to grow with the attractive growth rate in near future owing to recovery of construction industry previously faced slowdowns due to sluggish economic conditions. An increasing real estate market is also one of the key driving factor for growth.

The increasing residential, industrial, and commercial construction activities, economic growth worldwide, and growing construction based public-private partnerships are expected to boost the Powered Screed market. The rising government initiatives that will significantly increase investment in the infrastructure sector will lead to attractive opportunities for the Powered Screed manufacturers.

In terms of Geography, Asia Pacific (APAC) will be leading in the Powered Screed market.

The increasing industrialization in the region as various major companies are interested to increase their presence in APAC countries such as China and India, which is anticipated to boost the demand for Powered Screed.

Along with Asia Pacific, other high growth markets are Middle East & Africa and Latin America that will continue to register above average growth as government authorities along with private firm will continue to put huge amount of money on new construction projects.

Powered Screed Market: Region-Wise Outlook

The global Powered Screed market is segmented into seven key regions: North America, Latin America, Western Europe and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). In the coming years, MEA, North America and Western Europe regions as government administration will push ahead development plans to clear backlog of infrastructure.

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The Asia Pacific, Eastern Europe and Latin America region are key regions in terms of revenue owing to massive population that will ultimately create positive impact on the construction sector of the member countries. The Japanand will also offer sales opportunities as service providers will be forced to buy new machines to cater rising need from infrastructure megaprojects.

Powered Screed Market: Market Participants

Examples of some of the market participants identified across the value chain of the global Powered Screed market include:

Northrock Industries
Marshalltown
Allen Engineering Corporation
Multivibe
Bon Tool Company
Parchem Construction Supplies
Wacker Neuson SE
Badger Meter, Inc.
Polished Concrete Solutions
Jining Furuide Machinery Manufacturing Co., Ltd.

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Powered Screed Market: Segmentation

On the basis of Drill,the Powered Screed market can be segmented into:

Vibrating handheld Power Screed
Truss Power Screed
Roller Power Screed
Laser Power Screed

On the basis of Sales Channel, the Powered Screed market can be segmented into:

Retail
- Brick and Mortar
- E-commerce

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Disinfection Equipment Market Analysis and Market Studies for 2030

The Disinfection equipment market size will reach a valuation of US$ 25.5 bn globally by the end of 2030, as growth continues at an accelerated pace. The cleaning & disinfection industry is undergoing significant transformation. The pandemic effect will also be seen in consumer purchasing patterns, with internet sales expanding far more quickly than predicted. The latest research from FMI provides a comprehensive overview of the industry while tracking the worldwide disinfection equipment market in over 20 high-growth regions.

The advantages of ultraviolet (UV) disinfection have been recognised by international organisations all around the world. For instance, in response to soaring demand, the U.S. Environmental Protection Agency (EPA) has allowed UV disinfection for small and medium-sized public water systems.

In addition, EPA views UV disinfection innovations including UV oxidation, medium-pressure UV, and others as “emerging technologies,” which is anticipated to expand market development prospects.

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key takeaways:

Demand from the commercial sector is currently high, but the market for disinfection equipment is expected to soar at a higher pace in the industrial sector over the forecast period.

Online market channels will be more preferred in the near future in comparison to physical shops.
Disinfection liquid market will reach a valuation of US$ 25.5 bn globally by the end of 2030, as growth continues at an accelerated pace.
Thanks to rising demand in South Korea, China, and Japan, East Asia will continue to present profitable prospects.
Because UV disinfection is used in so many different industries, it will continue to be in high demand.

“Disinfection equipment manufacturers are massively gaining amid the rising adoption of safety measures to contain the spread of novel coronavirus. While market will continue surging, market players are likely to focus on innovation to gain competitive edge. Several companies are already launching UV disinfection equipment to decontaminate smartphones, cash, masks, among others from germs,” said a lead analyst at FMI.

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Production Surging Amid COVID-19

The production of disinfectant sprays and UV disinfection equipment is surging amid COVID-19. At a time when other markets are struggling to cope with drastic changes in consumer behavior, opportunities across disinfection equipment market have impelled some of the leading manufacturing companies to rethink their portfolios. For instance, companies such as Signify Innovations India, earlier referred to as Philips Lighting India have ventured in disinfection space with the launch of UV-C based portable disinfection unit.

While new strains of coronavirus are causing uproar in the global economy, soaring concerns regarding virus and germs are paving way for entry of startups in the disinfecting space. PhoneSoap, a company dedicated to making devices that clean phones using UV light, has recorded a 1000% surge in growth earlier this year, according co-founder and president of PhoneSoap Dan Barnes.

This figures are clearly indicative of increasing production of disinfection equipment, a trend which is likely to continue through the forecast period.

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Who is Winning?

Disinfection equipment manufacturers are focusing on product launches to gain competitive advantage. For instance, ITC was prompt to launch zero contact “Savlon Disinfectant Spray” in April 2020 to tackle sanitization need around homes.

Garsite, which is a leading producer of aviation refueling has launched its line of disinfecting equipment that offers simple and no-touch application of chemicals to ensure efficient disinfectant distribution.

FMI profiles some of the leading market players. These include Trojan Technologies, Belimed AG, Getinge AB, Advanced Sterilization Products Services Inc, Xylem, Sotera Health, Shinva Medical Instrument, STERIS Corporation, Matachana, 3M Healthcare, Heraeus, BD, Cardinal Health Inc., and others.

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Vegan Footwear Market Size & Industry Trends Report for 2030

The global vegan footwear market size is estimated to be valued at US$ 42.18 Bn in 2022 and expected to expand at 8.0% between 2022 and 2030. Millennial have emerged as a key demography for the market, demonstrating high willingness to spend on fashion apparel and footwear.

Younger generation are demonstrating impressive eco-consciousness. To an extent this is attributable to social media influence and messages shared by celebrities and their role models across public platforms.

Consumers’ changing mind-set is encouraging them to support brands that respect their values and lifestyle. Additionally, surging consciousness with regards to comfort, eco-friendly material, and sustainable products is favoring production and sales of vegan footwear.

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Future Market Insights’ (FMI’s) report on the market studies various factors enabling growth. It also uncovers hidden opportunities for the market players. Some of the key takeaways from the report are:

According to the report, behemoths such as Nike, Inc., Adidas AG, Puma SE, Under Armour, and others are incorporating various recycling programs and introducing new collections of vegan footwear with eco-friendly fires to retain the customers
Companies are investing in product designing and innovation to establish a strong foothold in the emerging markets. Simultaneously, they are reducing their carbon footprint which is helping them to lower operating costs. These steps adopted by the companies are improving their brand perception in the market
North America is expected to retain its dominance backed by the immense popularity of vegan fashion among millennial. The footwear manufacturing sector is witnessing a strong demand for vegan footwear in the U.S. In Europe the market will gain from the rising demand in the U.K. and Germany
Based on product type, the shoes segment holds the highest share in the global vegan footwear market and is expected to exhibit a higher CAGR as compared to other product types
The footwear industry is thriving immensely through increased sales via e-Commerce platforms. Online retailing is expected to gain momentum in response to the surging popularity of vegan footwear in the coming years

Rising Demand for Eco-Friendly Shoes Causing Sales Uptick
At present, maximum number of footwear manufacturers are acting in response to the increasing demand for sustainable products and recycled commodities. Some of the leading brands are therefore abandoning the use of fur and leather and replacing them materials used with recycled plastics and polyester, rubber, and others.

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This is seen as a key strategic move among companies to retain existing consumers and attract new ones. Some of them are even reviewing their pricing strategies to gain better traction.
While demand for eco-friendly products will remain the chief growth driver, expansion of the market will remain subdued amid the ongoing pandemic. The unprecedented COVID-19 outbreak has caused significant disruptions in supply chain, compelling brands to focus on leveraging their online presence.

Growth according to FMI, will remain stunted during the pandemic. However, the market is expected to recover soon since consumers are likely to be more cautious about their choices in the post COVID-19 period.

“Keeping in mind shifting preference of consumers, most companies are expected to focus on sustainability. Some of them will also include plant-based materials for manufacturing shoes to gain competitive advantage,” said an FMI analyst.

Who is winning?
Some of the key companies operating in the vegan footwear market are Nike Inc., Susi Studio, Adidas AG, Matt & Nat, Veerah, Hexa Vegan Shoes, AVESU GMBH, Beyond Skin UKamong, Ethletic, MooShoes, and others.

Several vegan footwear companies are spending on promotional activities, expansion of their physical store presence, and entering into a strategic partnership with prominent retailers to cater to growing consumer demand.

In 2019, the company Adidas AG, entered into a strategic partnership with an American hip hop group, Beastie Boys and introduced ‘Adidas Skateboarding X’, a vegan sneaker.
In 2019, beauty entrepreneur & celebrity tattooist Kat Von D had launched a collection of vegan shoes made of vegan leather made from apples, faux fur, and recycled rubber, etc.

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Global Vegan Footwear Market by Category

By Product Type, Global Vegan Footwear Market is segmented as:

Shoes
Sneakers
Boots
Sandals
Heels
Loafers
Others

By Material Type, Global Vegan Footwear Market is segmented as:

Microfiber
Polyurethane (PU)
Recycled Plastics
Recycled Polyester
Cotton
Natural Rubber
Hemp

By Pricing Type, Global Vegan Footwear Market is segmented as:

Mass/Economic
Premium

By End-User, Global Vegan Footwear Market is segmented as:

Men
Women
Kids

By Sales Channel, Global Vegan Footwear Market is segmented as:

Direct
Indirect

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Personal Mobility Devices Market Size & Share | Industry Trends Analysis Report for 2030

The personal mobility devices market size to rise at a CAGR of 6% between 2022 and 2030. The market is expected to witness high demand for canes, crutches, wheelchairs, and other devices. Besides this, experts at FMI forecast the sales of mobility scooters to surge, driven by the increasing demand for innovative modes of transport.

Personal mobility devices are in high demand especially among people facing disability or impaired mobility. Heath issues such as physical disabilities, osteoarthritis or fracture can restrict the ability of movement in a person. Personality mobility devices are often used to assist in movement of such individuals.

According to a study conducted by the World Health Organization, the population of people aged 60 years and higher is expected to total 2 billion by 2050, up from 900 million in 2015. It is a known fact that aged population are more vulnerable to diseases and health concerns, which may result in disability.

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As per the Centers for Disease Control and Prevention (CDC), in the U.S. alone nearly 54.5 million people were affected by arthritis between 2013 and 2015. Globally, the number of people reporting disability or activity limitation is increasing. This connotes that it is more likely for the demand for personal mobility devices to surge in the forthcoming years.

Future Market Insights offers insights into key factors prevailing in the market. Some of these are:

Driven by higher demand for assistive technologies, the market is forecast to surpass US$ 12 Bn by 2020
An increasing number of companies are expected to focus on developing novel products with enhanced features. There will be ample focus towards making these products more affordable to ensure their better accessibility across the world
East Asia and South Asia are expected to demonstrate high demand for personal mobility devices backed by the presence of a sophisticated healthcare infrastructure
Penetration in consumer markets key to succeed in personal mobility device market
Manufacturers of personal mobility devices are moving close to customer vicinity by moving to rapidly growing sales platforms
Favorable reimbursement policies on purchase and rental of personal mobility devices will aid expansion of the market in the coming years

Who is winning in Personal Mobility Devices Market ?

Global personal mobility devices market is characterized with sizable presence of large MNCs as well as small star-ups. Concentration of these companies are evenly distributed in Europe, North America and East Asian tech-backed countries.

Some of the leading players operating in the global personal mobility devices market are Stryker Corporation, Invacare Corporation, GF Health Products Inc., Arjo AB, Compass Health Brands, Pride Mobility Products Corporation, Permobil Company, Hill-Room Holdings Inc., Klaxon Mobility GmbH, Briggs Medical service Company, Eurovema Mobility AB, Ottobock Holdings GmbH & Co. KG, Sunrise Medical LLC, TOPRO Ltd., and Drive Medical GmbH & Co. KG, and others.

Acquisition is an important strategy adopted by some of the leading companies operating in the market. For instance in 2017, Permobil Company acquired Comfort Company, which specialized in seating and positioning of mobility devices to expand their service offerings.

In 2020, the company also announced that it is planning to acquire Supportec B.V, a Dutch manufacturer to further expand its seating and positioning solutions.

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Personal Mobility Devices Market Key Segment

Product Type

Walking Aids
Mobility Scooters
Medical Beds
Wheelchairs
Others

End-user

Hospitals & Clinics
Long Term Care Centres
Households
Others

Sales Channel

Wholesalers/Distributors
Online Retailers
Multi-brand Stores
Specialty Stores

Region

North America
Latin America
Europe
East Asia
South Asia & Pacific
MEA

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