Motorcycle Chain Sprocket Market Future Trends, Industry Size and Forecast to 2027 – FMI

Demand for motorcycle chain sprocket, in Asia Pacific, is expected to grow at a steady year-on-year rate of 5.3 percent, in 2019, as per a recently released market intelligence study by Future Market Insights (FMI). Motorcycle chain sprocket being the lightest transmission possible compared to gear mechanism, in addition to being highly cost-effective in terms of manufacturing versus gear trains, will significantly contribute to the sales of motorcycle chain sprocket, in the coming years.

Future Market Insights (FMI) has projected the global motorcycle chain sprocket market to grow with year-on-year value growth of 5.7% in 2022 reaching a value of about US$ 2,315.1 Mn by 2022 end. A chain and sprocket are employed when the distance between shafts is higher than the gearing’s intended size. A bike uses a chain and sprocket because the specified distance between shafts makes gear-to-gear meshing difficult. The chain holds the wheel sprocket and transfers the engine power into forwarding speed by turning the wheel. The global motorcycle chain sprocket market is anticipated to witness a considerable value CAGR of 6.2% during the period of 2022 and 2027.

Moreover, apart from ease of installations and servicing, lightweight feature of the chain sprockets will remain the most rewarding factor, thereby, increasing its installations in motorcycles. FMI forecasts that global motorcycle chain sprocket market revenues will reach approximately US$ 1.9 Billion, by 2019-end. The size of the market is based on estimates of the number of chain sprockets shipped, during the same time period.

“The global market for motorcycle chain sprocket continues to grow with increasing product and sales of motorcycle specifically in emerging markets, paradigm shift towards light weight vehicle components to control the automobile emission and increase the vehicle life, and flourishing aftermarket for motorcycle chain sprocket determined by factors, such as distance driven, number of vehicles in operation, and ownership time” Senior Analyst, FMI.

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Electric Bikes and Tax on Luxury Items Continue to Strain Revenue

However, several government initiatives such as the introduction of electric bikes—aimed at controlling vehicular pollution, could substantially restrict the demand for conventional motorcycles, and thereby chain sprockets used in such vehicles. China, being one of the largest markets for two-wheelers is aggressively promoting electric bikes for transportation, considering its low cost, energy efficient, emission-free systems, and no license and registration.

Tax on luxury items has considerably increased in some markets of Asia Pacific, such as India. The Indian government has increased the tax to 31 percent on conventional motorcycles with engines greater than 350cc, which in turn could slow down the sales of luxury and heavy engine capacity conventional motorcycles. Furthermore, Singapore has adopted a new system of additional registration fees (ARF), which will add more costs to conventional motorcycles and therefore, render them expensive, leading to a decrease in the sales of conventional motorcycles and adversely affect the motorcycle chain sprockets market.

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Competition to Remain Relatively High; Manufacturers Favor APEC Markets

  • The top 8 companies in the global motorcycle chain sprocket market are estimated to hold approximately 16-21 percent of the overall market in terms of value.
  • Tsubakimoto Chain Co., Regina Catene Calibrate Spa, Jomthai Asahi Co.,Ltd, L.G.Balakrishnan & Bros Ltd., and Rockman Industries Ltd. are some of the leading global and local manufacturers of motorcycle chain sprockets.
  • While the tier-1 and tier-2 companies generate over US$ 50 Mn and between US$ 20 Mn to US$ 50 Mn through the sales of motorcycle chain sprocket, respectively, the tier-3 companies generate less than US$ 20 Mn, as per the report.
  • Focus remains on manufacturing low maintenance and high efficiency motorcycle chain sprocket to improve the overall functioning and life of drive chain.
  • Manufacturers are focusing on entering into long-term supply contracts with OEM of two wheelers in order to gain a strong hold in the domestic markets of APEC.
  • Apart from expanding its product portfolio, manufacturers of motorcycle chain sprockets are also focusing in expanding their production or sales capacities in developing regions.
  • FMI predicts heavy investments in research and development initiatives to bring innovation in the manufacturing processes to develop differentiated products.

Regionally, developing regions are expected to remain highly lucrative for new market entrants given the easy availability of raw materials and minimal infrastructure requirements combined with lack of stringent government regulations, thereby creating a favorable investment environment.

Apart from key market influencing dynamics and competitive landscape, FMI also offers an in-depth segmental analysis—on the basis of motorcycle type (standard, cruiser sports, and mopeds and others), engine capacity (up to 150 cc, 151-300 cc, 301-500 cc, and above 500 cc), chain type (standard rolling chain, O ring chain, and X ring chain), and sales channel (OEM and Aftermarket)

Market Segmentation

By Engine Capacity

  • Upto 150 CC
  • 151-300 CC
  • 301-500 CC
  • Above 500 CC

By Chain Type

  • Standard Rolling Chain
  • O Ring Chain
  • X Ring Chain

By Motorcycle Type

  • Standard
  • Cruiser
  • Sports
  • Mopeds & Others

Sales Channel

  • OEM
  • Aftermarket

By Region

  • North America
  • Latin America
  • Europe
  • China
  • APEC
  • MEA

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Key Questions Answered in the Report

  • How has the Motorcycle Chain Sprocket market evolved in the past four years?
  • What shape is the Motorcycle Chain Sprocket market expected to take in terms of value during the study period?
  • What are some of the prevailing market dynamics in the Motorcycle Chain Sprocket market?
  • What are some of the competition developments and trends affecting the Motorcycle Chain Sprocket market?
  • What are some of the underlying macro-economic and industry factors impacting the growth of the Motorcycle Chain Sprocket market?
  • What are the important key challenges, opportunities and improvement factors for Motorcycle Chain Sprocket market players?
  • What are the important market positioning and key strategies of key service providers as per the Motorcycle Chain Sprocket market taxonomy?
  • How is the competition structured at present and how has it evolved in the Motorcycle Chain Sprocket market over the past few years?

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.

Contact:

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Bleisure Tourism Market is Anticipated to Grow at a 19.5% CAGR in 2032

The bleisure tourism market  is expected to reach nearly US$ 497.5 Bn in 2022. With demand increasing at a stupendous 19.5% CAGR, the market valuation will total US$ 2,967.1 Bn by 2032. As per FMI, the bleisure tourism market accounts for 30%-35% of the global business travel market.

Furthermore, employees who use their vacation time to rest and recharge are more productive. According to a Forbes article, if employees took just one more day of paid leave each year, the U.S. economy would gain $73 billion in output, which will be beneficial for both employees and businesses. A bleisure trip can have a significant impact on employee morale and health, which in turn is encouraging companies to invest bleisure tourism.

Employee engagement is a critical aspect in various organizations and leaders are looking for new ways to keep their employees happy and loyal to their company. One way to improve employee satisfaction is to improve corporate travel policies by including bleisure trips.

Increased digitization of the tourism and corporate sectors, as well as increased adoption of the internet of things (IoT), which allows both travellers and travel operators to manage operations remotely, are predicted to boost market sales.

Besides this, the benefits offered by virtual reality (VR) technology, such as efficient and personalised customer experiences in the tourism sector will create opportunities for growth in the market.

Further, bleisure tourism market players are investing in various promotional activities such as direct marketing, sales, and discounts, offering free giveaways, hosting an event, and many other activities to promote their services.

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Moreover, business travellers take their families with them on business trips. Taking cues from this trend, a world-famous hotel in Scotland has launched a children’s programme that includes a playroom, a country club, and participation in sporting activities. Such development will create a conducive environment for the market.

As most potential customers have an online presence, hotels and resorts are promoting their services on social media platforms to improve sales. For instance, Bermuda launched “Work from Bermuda,” a certificate programme that invites visitors to work remotely from a scenic location.

 “A combination of work and leisure or personal activities contributes to a better work/life balance. Bleisure trips are offering opportunities for travellers to learn more about the location and its culture. This, in turn, is helping to improve the quality of work done while also allowing for the formation of more meaningful business relationships. ” says an FMI analyst.

Key Takeaways:

  • Based on application, the corporate segment will account for a dominant share in the market over the forecast period.
  • By trip type, demand in the domestic trip segment will remain high through 2032.
  • In terms of tour type, the independent travelers segment will expand at a considerable pace over the assessment period.
  • Based on consumer orientation, sales in the male segment will continue gaining momentum.
  • By occupation, bleisure tourism among technology/IT/software professionals will gain traction.
  • Based on trip length, the 2 nights segment will emerge as the most lucrative segment.
  • By travel frequency, demand in the once in every 2-3 months segment will continue rising.
  • In terms of booking channel, the online booking segment will lead the market in terms of market share.
  • The U.S. will continue dominating the north America bleisure tourism market owing to growing focus on employee retention across various organizations.
  • China will continue witnessing high demand, accounting for a dominant share in the East Asia bleisure tourism market.
  • Sales in India will gain momentum on the back of increasing investments in the travel and tourism sector.

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Impact of COVID-19 on the Market

The COVID-19 outbreak has negatively impacted the bleisure tourism market. Almost all major business tours and MICE events around the world were cancelled because of the pandemic. Furthermore, due to travel restrictions, the widespread adoption of online video conferencing platforms such as Zoom and Google Meet is expected to compete with players operating in the global bleisure tourism market in the future.

Many firms are using video conferencing systems to satisfy their meeting and conference demands, and it is also being used as a cost-cutting technique to avoid pricey business trip expenses. COVID-19 has thereby changed the competitive landscape of the global leisure tourism business, with long-term implications.

Who is winning?

The players operating in the global business travel industry have adopted various developmental strategies to expand their market share, exploit the business travel market opportunities, and increase profitability in the market. Major players present in the bleisure tourism market are Airbnb. Inc, American Express Travel, Expedia Inc., BCD Travel, Carlson Wagonlit Travel, Flight Centre Travel Group, The Priceline Group, Fareportal, Inc. (travelong inc.), Wexas Travel, Travel Leaders, The Global Work & Travel Co., JTB Business Travel, Prime Travels USA, GUNA Travel Germany, DER Touristik, CITS (China Business Travel & Fairs), China Tour Guide, Tuniu Corporation, FROSCH Travel and CT Business Travel

Global Bleisure Tourism Market by Category

By Application:

  • Corporate
  • Government

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Trip Type:

  • Domestic Trip
  • International Trip

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Brewing Enzymes Market is expected to reach a valuation of US$ 761.2 Mn by 2032

Total sales in the global brewing enzymes market are anticipated to grow at a CAGR of 6.4% over the forecast period and expected to reach a valuation of US$ 409.3 Mn in 2022 and projected to reach a valuation of US$ 761.2 Mn by 2032. The brewing enzymes market accounts for around 17% of the global food enzymes market, which was valued at US$ 2.2 Bn in 2021.

Increasing urbanization and rising demand for alcoholic beverages across pubs and bars is expected to fuel sales of brewing enzymes. In addition to this, demand for light beers is increasing, as consumers are becoming more health conscious. This is expected to have a direct impact on the demand for brewing enzymes.

Furthermore, increasing demand for beer, wine, and industrial enzyme is propelling the brewing enzymes industry, as breweries utilize industrial enzymes to speed up the processing and produce uniform and high-quality products.

Additionally, it is possible to change the flavor and color of these alcohols by adding enzymes during the brewing process, as a result producers are not afraid to experiment and provide new flavors to the market.

“Technological advancements in craft brewing, along with rising demand for low-alcoholic beers across various countries will boost sales of brewing enzymes over the forecast period,” says an FMI analyst.

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Key Takeaways:

  • The global brewing enzymes market is expected to reach a valuation of around US$ 409.3 Mn in 2022.
  • Based on application, the beer segment is expected to account for more than half of the total market share over the forecast period.
  • Demand in the North America brewing enzymes market is expected to grow at a 6.3% CAGR through 2032.
  • In terms of form, sales of liquid brewing enzymes will continue gaining momentum.
  • East Asia is expected to emerge as a lucrative market for brewing enzymes over the assessment period.

Competitive Landscape

Due to the presence of strong regional and domestic players in several countries, the global market for brewing enzymes is fragmented. Mergers, expansions, acquisitions, and partnerships, as well as new product development, are among some of the strategies used by manufacturers to increase brand exposure. For instance:

  • Associated British Foods plc strengthened its collaboration with Genedata AG, a renowned provider of specialized software solutions for R&D, to digitalize strain development in order to speed up the identification of new brewing enzymes.
  • Kerry announced a new technical partnership with Ginkgo Bioworks, a microbe startup that creates tailored microorganisms for specific applications. Kerry and Ginkgo collaborated to enter the enzyme business, expanding their market presence, and leveraging each other’s technology and processes to increase the development of specialized food enzymes.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global brewing enzymes market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Brewing Enzymes Market By Category

By Type:

  • Beta-glucanase
  • Amylase
  • Xylanase
  • Protease
  • Alphalase
  • Other Types

By Application:

  • Beer
  • Wine

By Source:

  • Microbial
  • Plant

By Form:

  • Liquid
  • Dry

By Process:

  • Malting
  • Maturation
  • Wort separation and filtration
  • Mashing & fermentation

By Region:

  • North America
  • Latin America
  • Europe
  • Middle east and Africa
  • East Asia
  • South Asia
  • Oceania

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Frequently Asked Questions

  • How much is the brewing enzyme market currently worth?
  • At what rate will the brewing enzymes market grow over the forecast period?
  • How much is the brewing enzymes market expected to be worth by 2032?
  • Which region is expected to drive the brewing enzymes market over the forecast period?
  • Who are the prominent manufacturers in the brewing enzymes market?

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Mineral Premix Market is likely to account for a part of the demand 2022 – 2032

According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of mineral premixes are estimated to reach a value of USD 1.74 Bn by 2032, surging at 8.6% CAGR through the decade. The mineral premix market in the U.S is expected to grow at a CAGR of 8.4% during the forecasted period 2022-2032.

Animals’ feeds continue to contribute significantly to the global food supply. As a result, animal feeds have grown in importance as a component of the integrated food chain. As a result, the significant increase in global demand for livestock products necessitates an increase in feed supplies, sources, and alternatives.

Another important reason to consider alternative, cost-effective, and convenient sources of animal feed is global population growth. One of the most expensive components of feed formulation in livestock diets is appropriate dietary concentration.

Feed additives and ingredients such as minerals, Minerals, antibiotics, amino acids, and colorants are blended in various proportions to produce compound feeds for various animal species. As a result of their concentrated energy source and feed efficiency, mineral premixes have rekindled interest in the animal feed industry.

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Key Takeaways from Market Study

  • The mineral premix market in the U.S is expected to grow at a CAGR of 8.4% during the forecasted period 2022-2032.
  • The mineral premix market in India is expected to grow at a CAGR of 8.7% during the forecasted period 2022-2032.
  • In 2022, the powder segment is expected to account for the largest share of the mineral premixes market.
  • In 2022, the combination premixes segment is expected to hold the largest share of the mineral premixes market.
  • The COVID-19 pandemic has caused a halt in critical trade activities in a number of countries. This is an important factor that is expected to have a negative impact on the mineral premix market’s future revenue growth prospects.

“Rising consumption of mineral-enriched food and beverage products is one of the key factors driving market growth at the moment,” says a lead analyst at Future Market Insights.

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Who is Winning?

Industry players are now working on developing strategies for expanding their existing product portfolios, acquiring industry-related players, and so on, in order to maintain or improve their respective market positions. In the coming years, new product manufacturing developments and innovations are expected to provide new opportunities for potential revenue growth.

  • Royal DSM, a global science-based company in Nutrition, Health, and Sustainable Living, acquired Glycom A/S, the world’s leading supplier of Human Milk Oligosaccharides (HMO), for an enterprise value of Euro 765 million in April 2020.

Some of the key players in the Mineral Premix Market include Corbion N.V., Farbest-Tallman Foods Corporation, Glanbia plc, Koninklijke, DSM N.V., Nutreco N.V., SternVitamin GmbH & Co. KG, Vitablend Nederland BV, Watson Foods Co., Inc., Wright Enrichment Inc., Zagro Asia Ltd.

Get More Valuable Insights

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

Mineral Premix Market by Category

By Form, Mineral Premix Market is Segmented by:

  • Powder
  • Liquid

By Function, Mineral Premix Market is Segmented by:

  • Bone Health
  • Immunity
  • Digestion
  • Energy
  • Heart Health
  • Weight Management
  • Vision Health
  • Brain Health & Memory, Resistance, Others

By Application, Mineral Premix Market is Segmented by:

  • Food Sector
  • Dietary Supplement
  • Pharma OTC Drugs
  • Pet Food

By Region, Mineral Premix Market is Segmented as:

  • North America
  • Latin America
  • Europe
  • Middle east and Africa
  • East Asia
  • South Asia
  • Oceania

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Frequently Asked Questions

  • At what rate will the Mineral Premix Market grow?
  • What is the expected value of the Mineral Premix Market by 2032?
  • What are the key factors driving the Mineral Premix Market?
  • Which region adds to the highest Mineral Premix Market Valuation?
  • What are the key strategies adopted by the major players of the Mineral Premix Market?
  • Who are the key players in the Mineral Premix Market?

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Motorcycle Suspension System Market Study: An Emerging Hint of Opportunity by 2027 – FMI

As per changing consumer buying behavior, motorcycle suspension system is gaining stature as a key performance indicator in motorcycles. The growth of the motorcycle suspension system market is directly related to the production and on-road fleet of two wheelers. Motorcycle suspension system market is anticipated to reach ~US$ 2,381.6 Mn by the end of 2029 and is expected to grow at ~4.7% CAGR in the forecast period of 2022-2029. Rising usage of motorcycles for recreational purposes is resulting in increasing demand for shock absorbers for long-distance touring.

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Motorcycle Suspension System Market​ Key Takeaways

  • Establishing long-standing direct sales-supply agreements with automotive OEMs is a key winning strategy for market participants in the motorcycle suspension system market.
  • A suspension system is one of the few noticeable components and is now gradually turning out to be among the deciding factors while purchasing a motorcycle.
  • Suspension systems these days are being marketed as USPs of vehicles during new launches and advertisements by key players.
  • Increasing recreational activities, including off-road biking, are an unevolved opportunity for market players to launch specific suspension systems to gain competitive advantages.
  • Rising traffic congestion is an inescapable condition resulting in lengthy commutation time. This, in turn, is a key factor responsible for the inclination of customers towards motorcycles and is expected to subsequently contribute to the growth of the motorcycle suspension system market in the coming years.
  • In the current scenario, scooters are trending as compared to conventional motorcycles, owing to their easy handling, good stability, and low price range. Scooters are being preferred by all age groups, especially aged citizens, teenagers, and females.
  • Passive motorcycle suspension system technology is anticipated to remain popular across the globe in the motorcycle suspension system market.

New players at global and regional levels can reap rich benefits by focusing on replacement and aftermarket sales, riding on the new trend of retrofitting and customizing motorcycles.

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Motorcycle Suspension System Market: Segmentation

The global motorcycle suspension system market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Product

  • Front Suspension
    • Telescopic Fork
    • Others
  • Rear Suspension
    • Dual Shocks
    • Mono Shocks
    • Others

Sales Channel

  • OEMs
  • Aftermarket

Technology

  • Passive
  • Active/Semi-active

Motorcycle

  • Standard
  • Cruiser
  • Sports
  • Scooter
  • Mopeds
  • Others

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excl. Japan
  • Japan
  • Middle East & Africa

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ASEAN Countries Emerging as Growth Hub for Market Players

The motorcycle suspension system market is fairly consolidated, with key market players such as Gabriel India Limited, ZF Friedrichshafen AG, Showa Corporation, KYB Corporation, and BMW Group accounting for significant share of the total market value. The participation of local companies carrying technical licensing agreements with foreign brands has substantially contributed to the development of the motorcycle production and assembly market in ASEAN countries.

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.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Robotics Sweeper Market Size, Share, CAGR & Forecast Report for 2030

The robotics sweeper market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study.

This study is one of the most comprehensive documentation that captures all the facets of the evolving robotic sweeper cleaning marketRobotics can be called as interdisciplinary branch of engineering, which is combination of mechanical, electronics and information technology.

Changing lifestyle and dependence on technology for routine manual task is transforming the life of tech-savvy population. Nowadays, a large chunk of population is shifting toward technology based automatic machines which can replace human and are cost effective

Robotic sweeper cleaning machine is a highly intelligent and advanced cleaning machine which uses in-built sensors to navigate and clean much faster than any human being can. It is a programable device which come s with multiple features that makes it a right choice for home and commercial use.

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Robotics Sweeper Cleaning Market Outlook

The market for robotics cleaner is expected to grow at a steady CAGR through 2030. Traditional clears are drastically replaced by robotic cleaner, which is more effective and efficient in navigating the target area with high degree of precision.

Robotics Sweeper Cleaning Market: Key Drivers and Restraints

In the era of Internet-Of-Things (IOT), AI enabled machines are set to dominate and drive the technology enabled market. Home automation is no more a distant dream for a common man.

Robotics cleaner machines demand is supplemented by rise in demand of home automation and less dependence on human intervention.

The threat posed by COVID19 can be a game changer for robotic cleaning technology. People are more concern of hygiene now and prefer a robot cleaner over human being for housekeeping to avoid direct contact.

Industries are keen on reducing the human workforce for housekeeping and turning toward robotics cleaner which are cost effective and more reliable. These factors are anticipated to boost the market in near future.

Robotics clears are flexible enough to integrate with home automation, which creates opportunities for manufacturers in the dominant market. Cutting edge technologies are dominating all dimensions of market. People are considering robots as trustworthy and reliable helper.

However, there is still a dependency on technical skilful workforce. Also, expensive sensors are costly to replace. Regular maintenance of device is another challenge which adds up to the cost which can limit the market growth.

Robotics Sweeper Cleaner Market:  Region-wise Analysis

Japan will be the dominant player followed by North America. However, APAC region will witness tremendous sales, owing to exploding population and demographic pattern. Developing countries in APAC region has witnessed an exponential growth in sale home automation and integrated products.

With emerging information technology and rapid advancement in artificial intelligence can be a leap jump in robotics sweeper cleaning market

Collaboration and research are age old practice to deeply penetrate market and establish strong leadership in region.

For instance, Dyson decided to fund robotics laboratory at Imperial College London for home appliances long back in 2014 when IOT was in amateur phase.

Robotics Sweeper Cleaning Market: Competitive Landscape

  • Dyson Ltd.
  • ECOVACS Robotics Co. Ltd.
  • ILIFE INNOVATION Ltd.
  • iRobot Corp.
  • Neato Robotics
  • BLACK & DECKER
  • Inc.
  • Philips
  • Samsung
  • Cecotec Innovaciones Sl
  • Haier Group Corporation
  • LG Electronics
  • Sharp
  • iRobot Corporation
  • Robert Bosch GmbH
  • Electrolux
  • Panasonic Corporation

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Innovation and demand in cutting-edge technology is creating an ecosystem of healthy competitive market.Recently Xiaomi launched robot vacuum-mop in India with huge discounts via its crowdfunding platform. Loaded with a dozen precision sensors and two-in-one sweeping and mopping function makes it more attractive and suitable for common household cleaning.

Robotics Sweeper Cleaning Market Segment

AnalysisThe Robotics Sweeper Cleaning Market can be segmented based on the following:

By Product Type

  • Robotic Floor Vacuum Cleaner
  • Robotic Pool Vacuum Cleaner.

By Application

  • Health Sector
  • Home Automation
  • IT parks
  • Manufacturing industries

By End-user:

  • Restaurant & Hotel
  • Housekeeping and cleaning
  • Railways & Metros
  • Others

Region-wise Analysis

  • North and Latin America (US, Canada & Brazil)
  • Europe (UK, Germany & France)
  • Asia Pacific (China, India & Japan)
  • Middle East & Africa

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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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Philippines Tourism Market is whose Valuation Stands Valuation of US$30.4 Bn in 2032

The global philippines tourism Market is anticipated to reach a valuation of US$ 10.8 Bn in 2022. Sales are projected to grow at 10.9% CAGR, with the market size reaching US $30.4 Bn by 2032.

There are several opportunities to explore natural wilderness in the Philippines. The Sierra Madre in Luzon and the Balbalasang-Balbalan National Park in Kalinga, for instance, are both rarely visited by tourists but provide thrilling trekking through dense rainforests and across dizzying peaks.

There are some spectacular volcano climbs in Bicol (Mount Mayon and Mount Isarog, for example), and dozens of national parks, heritage sites, wildlife reserves, and volcanoes in Mindoro, Palawan, and the Visayas. Mount Kanlaon, an active volcano in Negros, is one of the country’s most challenging climbs, while the neighboring Northern Negros Forest Reserve is a raw, mesmerizing scene of peaks, waterfalls, and fumaroles typical of the archipelago’s wilderness locations.

The conversion of airport terminals into global gateways has aided in the international tourism development of the country, with about 95–99% of visitors arriving by air. In recent years, the airports in Davao City and Iloilo City have been modernised, allowing direct charter flights from Singapore.

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Meanwhile, Mactan-Cebu Airport, which has long handled both scheduled and charter flights from throughout East Asia, was set to begin long-haul flights in 2016, when three Philippine airlines were operating between Cebu and Los Angeles, California. Started walking.

In the near future, there will be more direct international flights to Cebu, Boracay and Davao. In addition, the country’s hospitality sector is increasingly focusing on the contactless payment trend. When contactless payments are allowed, customers save time by not having to sort through cash or try to enter their PIN.

The introduction of mobile payments has also made a wallet obsolete. The coronavirus outbreak has fueled the demand for contactless payments that reduce friction and improve customer experience. Offering contactless payment methods by many customers and employees may be perceived as a necessity rather than a luxury. As a result of the outbreak of COVID-19, many in the Philippine hospitality business have begun to employ contactless payment systems.

key takeaways:

  • On the basis of tourism type, the eco/sustainable tourism segment is estimated to account for 42% of the total market share in 2022.
  • From channel booking, the online booking segment is estimated to account for 51% of the total market share.
  • On the basis of tourist type, the domestic tourism segment will remain attractive till 2032.
  • In terms of age group, the 26-35 segment will continue to witness an uptick in sales.

Competition Scenario

The major players in Philippines tourism are focusing on promotional strategies and advertising of popular tourist destinations in the Philippines to improve sales in the market.

The major players present in the Philippines tourism market are Scorpio Travel & Tours Inc., Baron Travels, AsiaVenture Tours & Travels, Vansol Travel & Tours, Kapva Travel, Marksman Drysdale Travel Inc., Raja Tours Philippines, Atlas Tours & Travels Inc., Bridgeway. Travel & Tours, Harana Tours Corporation, Travel Related Incentive Programs & Services, Inc., TravelBest Travel & Tours, Ruxo Air Travel & Tours Inc., Goldensky Travel & Tours, Grandhope Travel Tours, Kesari Tours Pvt Ltd, Turismo-Filipino Inc. among others.

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Philippines Tourism Market by Category

By Tourism Type:

  • Cultural & Heritage Tourism
  • Medical Tourism
  • Eco/Sustainable Tourism
  • Sports Tourism
  • Wellness Tourism
  • Others

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

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Bluetooth Hearing Aids Market is Predicted to Increase from a Valuation of US$ 2.2 Bn in 2022

The growth of the Bluetooth hearing aids market. As per FMI, the market is expected to rise at an impressive 8% CAGR between 2020 and 2030. With the demand for waterproof hearing aids surging, the market is believed to gain from sales uptick over the forecast period.

The rising cases of hearing impairment has resulted in high demand for hearing aids. Traditional and wired hearing aids often limited a user’s access to their smart phones or music players. However technologies today are more sophisticated and are allowing users to connect to their personal electronic devices to stream signals and music to hearing aids.

Some of the leading companies are aiming at more sophisticated design and robust technologies for Bluetooth hearing aids. The advent of artificial intelligence (AI) in the market resonates their goal to provide cutting-edge technologies to the users.

A slew of product launches are on cards and as per FMI, this will be one of the chief drivers of the market. It its report FMI studies various factors enabling growth in the market and opportunities for expansion. It gauges prospects held for innovation and research initiatives.

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Some of the key takeaways from the report are highlighted below:

  • Global market for Bluetooth hearing aids is expected to reach US$ 2 Bn by the end of 2020
  • An increasing number of companies are expected to strengthen their online presence to gain competitive advantage. The increasing number of online star-ups selling Bluetooth hearing aids will compel leading market players to rethink strategies to bolster their ecommerce presence
  • Europe is expected to remain the dominant regional market for Bluetooth hearing aids. Rising cases of hearing impairment will stoke growth opportunities in the region
  • Behind-the-ear hearing aids hold dominance among product types however in the coming years the demand for in-the-ear hearing aids is expected to rise at a greater pace

COVID-19 Impact on Bluetooth Hearing Aids Market

With COVID-19 tightening its noose around the world, apprehensions regarding shortage in supply of live-saving and essential medical supplies are widening. Healthcare centers and hospitals are scrambling to tackle with soaring cases of coronavirus infections. Against this scenario, patients are fearing inadequacy in optimal treatment for health conditions other than COVID-19.

The unprecedented pandemic outbreak is expected to have significant impact on the market for Bluetooth hearing aids. Besides disruptions in supply-chain, complexities witnessed in the healthcare sector are expected affect the market as well.

Who is winning?

Some of the key players operating in the Bluetooth hearing aid market are Union Hearing Aid Centre Limited, Beltone, MED-EL Eartone Hearing Aid, Shenzhen Sunsky Technology, Widex, Cochlear, Wiliam Demant Holding, Sonova Holding, GN ReSound, Siemens Healthcare, Sivantos Pte. Ltd., Miracle Hearing Aid., Starkey Hearing Aid, Persona’Medtechnica Orthophone, GN Stoe Nord, and others.

Companies in the Bluetooth hearing aids market are operating in a highly competitive environment. As a result there is immense focus on product launches among key players as they aim at gaining competitive advantage. Also, rising demand for advanced technologies is encouraging innovations in the market.

  • In March 2019, Oticon launched a new product named Oticon Opn S, which uses 2.4GHz Bluetooth with low energy technology and offers easy connectivity and compatibility with Android and I-Phone and it streams to both ears
  • In April 2018, Widex launched its new product Named Widex Evoke specially designed for I-Phone. It incorporated artificial intelligence to store information on the user preference over the time and automatically adjust the programs based on the inputs

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Bluetooth Hearing Aid Market Segmentation

Product Type

  • In-The-Ear Hearing Aid (ITE)
  • In-The-Canal Hearing Aid (ITC)
  • Behind-The-Ear Hearing Aid (BTE)
  • Completely-In-The Canal Hearing Aid (CIC)
  • Receiver-In-The-Ear Hearing Aid (RIE)

Sales Channel

  • Wholesalers/Distributors
  • Online Retailers
  • Multi-brand Stores
  • Speciality Stores
  • Hypermarkets/Supermarkets
  • ENT Clinics and Audiology Centres
  • Other Sales Channel

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Application

  • Hospitals
  • Clinic/ Medical Centers
  • Individual

End User

  • Adults
  • Kids

Regional Outlook

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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Chronic Lymphocytic Leukemia Market Size & Share | Global Industry Report for 2026-End

Chronic lymphocytic leukemia (CLL) is a blood and bone marrow disease that usually gets adverse slowly. It is one of the most common types of leukemia in adults. Chronic lymphocytic leukemia is a type of cancer in which the bone marrow makes too many lymphocytes.It may affect red blood cells, white blood cells, and platelets.

Chronic lymphocytic leukemia is the second most common cancer in adult males. About 90% of chronic lymphocytic leukemia is diagnosed in middle age. Incidence rate of CLL is high in men and women over 50 years of age or middle age. It is rarely seen in people under age 40, and is extremely rare in children.

In CLL, majority of the blood stem cells become abnormal lymphocytes healthy white blood cells. The abnormal lymphocytes may also be called leukemia cells. These abnormal lymphocytes are not able to fight infection very well. Also, as the number of lymphocytes increases in the blood and bone marrow, there is less room for healthy white blood cells, red blood cells, and platelets.

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This may cause infection, anemia, and easy bleeding which may result in death. In 2016, American Cancer Society has estimated that in the United States about18,960 new cases of chronic lymphocytic leukemia (CLL)and approximately 4,660 deaths by CLL are observed up till now.

Chronic Lymphocytic Leukemia Market: Drivers and Restraints

Increase in aging population is an impetus for the growth of the CLL market.  The increasing incidences of cancers in developed and developing countries such as India, and Brazil are expected to boost market growth. Moreover, exceptional regulatory designations offered to certain drugs. CLL is a disease which affects a minute percentage of the population, that’s why they are treated by a few marketed drugs only.

A small or medium number of patients creates a very small market for these drugs. So it may or may not be profitable for companies to develop these drugs as recovering the research and developments of the drug expenses would be difficult. That’s why collaboration agreements and co-development are some of the key strategies adopted by top market players.

For example, recently GlaxoSmithKline plc and Genmab A/S, have entered into co-development and collaboration agreement for drug Arzerra (ofatumumab), used in the treatment of relapsed CLL. Other two important drivers for CLL treatment market are family history of blood disorders and excessive exposure to harmful chemicals. Another trend that is expected to inspire market growth is a rise in the development of combination of drug therapies.

Combination therapies for the treatment of CLL were available only in the form of chemotherapy combination drugs. Previously approved combinations were only few.However, stringent regulatory guidelines are expected to hamper market growth. Moreover, the high overall treatment cost for the therapy is another factor inhibiting the market growth. For example, GA101/RG7159 was launched in the market in 2014 by Genentech Inc (U.S.). The drug costs approximately at $409,580 for patients who take them annually.

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Chronic Lymphocytic Leukemia Market overview:

Conventionally, the CLL therapeutics market is dominated by the parenteral segment. In the parenteral ROA, the drug is administered by the intravenous, subcutaneous, intrathecal, or intramuscular routes. But slowly oral drugs are expected to capture vast market share. Drugs delivered by oral route are absorbed rapidly and the onset of action is fast. Moreover, oral ROA is essential during emergencies when there is a need for greater patient compliance.

For example: – Imbruvica, rituximab, idelalisib are oral tablets given to CLL patients alone or in combination. The efficacy of ibrutinib (Imbruvica) and idelalisib (Zydelig) in chronic lymphocytic leukemia (CLL) suggests the drugs could potentially replace chemoimmunotherapy completely for some patients.

Chronic Lymphocytic Leukemia Market: Regional Overview

Region wise, the global chronic lymphocytic leukemiamarket is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America dominated the global market for chronic lymphocytic leukemiadue to good reimbursement policies for diagnostic, therapeutic procedures and number of government organizations investigating the efficiency.

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After North America this market is followed by Europe due to increase in the number of patients suffering from CLL. Asia Pacific region is expected to perceive a significantly faster growth over the forecast period due to a number of branded drugs will become available over the next four years, with the expanding patient pool receiving greater access to such new treatments.

Chronic Lymphocytic Leukemia Market: Key Players

Some of the key players in the market of near patient molecular solution are F. Hoffman-La Roche, AbbVie, Teva Pharmaceuticals, Gilead Sciences, Novartis, and Johnson & Johnson.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
  • Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa, Rest Of MEA)

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.

Chronic Lymphocytic Leukemia Market: Segmentation

The global chronic lymphocytic leukemiamarket is classified on the basis of type, route of administration, type of drug, end user.

Based on type, the global chronic lymphocytic leukemiamarket is segmented into the following:

  • Acute myeloid (or myelogenous) leukemia (AML)
  • Chronic myeloid (or myelogenous) leukemia (CML)
  • Acute lymphocytic (or lymphoblastic) leukemia (ALL)
  • Chronic lymphocytic leukemia (CLL)

Based on Drug Route Administration (ROA) the global chronic Lymphocytic Leukemiamarket is segmented into the following:

  • Oral
  • Parenteral

Based on types of chemo drugs used the global chronic lymphocytic leukemiamarket is segmented into the following:

  • Purine analogs.
  • Alkylating agents
  • Corticosteroids
  • Other drugs

Based on end user global chronic lymphocytic leukemiamarket is segmented into the following:

  • Hospitals
  • Private Clinics
  • Diagnostic Laboratories
  • Research Laboratories
  • Research Institutes
  • Drug Store

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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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Automotive Gas Charged Shock Absorbers Market Demand, Scope and Future Estimation until 2031 – FMI

The global market for automotive gas charged shock absorbers – standing at an approximate valuation of US$ 2.9 Billion in 2021 in terms of revenue sales, is likely to observe a robust annual growth rate over the next few years. Expanding at a CAGR of approximately 5%, the global automotive gas charged shock absorbers market is projected to exceed the revenue of US$ 3.4 Billion towards 2022 end.

The automotive gas charged shock absorbers market worth will reach US$ 2.9 Bn in 2021, as per Future Market Insights (FMI) analysis. FMI projects sales of automotive gas charged shock absorbers to grow at overall compound annual growth rate (CAGR) of 5.0% between 2021 and 2031.

Explaining the market dynamics, a senior research analyst at Future Market Insights, elaborates, “Driver’s safety and driving comfort are the two major factors favouring automotive gas charged shock absorbers demand, globally.

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An important part of a vehicle’s suspension, automotive gas charged shock absorbers reduces the effect of travelling in rough terrains, by controlling excessive suspension movements providing a much firmer ride. Ride and handling performance of a vehicle will remain the top influencers in consumer buying decisions, with demand being significantly high in region with poor road conditions”.

Explaining further, the analyst explains, “All vehicles, whether passenger cars to heavy duty trucks, are being increasingly equipped with damping control technology, ensuring improved on-road performance along with protecting critical vehicular components against premature wear and failure.

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Technologically Advanced Electronic and Monotube Variants to Take Over Conventional Shock Absorbers

Compared to the twin-tube design, a monotube shock absorbers are being increasingly preferred owing to its design that further prevents any aeration and cavitation from occurring. Considered ideal for luxury sedans, SUV rear axles, and sports car applications, monotube shock absorbers offers faster damping reaction and prompt responses to changing road conditions, as a result of continuous pressure exerted on the oil, by the gas.

M&A Remains a Preferred Forward Market Strategy

FMI anticipates strategic mergers and acquisitions to remain a critical expansion strategy among manufactures of automotive gas charged shock absorbers, creating a substantial opportunity for the shock absorber market. Some key developments include:

  • Recently, Samvardhana Motherson Group (SMG) entered in a partnership with MS Global India Pvt. Ltd., engaged in the manufacturing of pressed sheet metal and frames for chassis used in commercial vehicles. This partnership is aimed at business expansion in the automotive vehicle components sector. During the same fiscal year, the company established a shock absorber manufacturing company, Magnetti Marelli Shock Absorbers India Pvt. Ltd., to supply shock absorbers for automotive vehicles.
  • In 2018, Tenneco Inc. offered Continuously Variable Semi-Active (CVSA2) suspension technology for SUVs of Mercedes-Benz G-Class. The aim for this product launch was to enrich its market share in the SUV vehicle segment.

FMI Offers Segmentation Analysis of Automotive Gas Charged Shock Absorbers

  • Europe, is anticipated to remain the most lucrative region as the automotive parts and accessories industry continues to remain strong in the region, on account of positive sentiment and perception towards European parts and component. Moreover, intense transition towards EVs and ADAS, collaboration with tech companies, and increasing investment in R&D are likely to be the key trends in the Europe automotive gas charged shock absorbers market.
  • Automotive gas charged shock absorbers market in India and SEAP is anticipated to grow at a notable growth rate during the forecast period
  • Sales of automotive gas charged shock absorbers through OEM channel is anticipated to represent a market share of nearly 45 percent, through the forecast period of 2018 to 2027, growing at US$ 181.9 Mn annually.
  • Revenue from aftermarket automotive gas charged shock absorbers segment is anticipated to increase at moderate CAGR, valued a little over US$ 208 Mn by 2027.

Automotive Gas Charged Shock Absorbers Market: Segmentation

Sales Channel:

  • OEM
  • Aftermarket

Vehicle Type:

  • Passenger Car
  • LCV
  • HCV
  • Two Wheelers

Design Type:

  • Twin
  • Mono

Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

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Key Points Covered In Automotive Gas Charged Shock Absorbers Market Research

  • Market Estimates And Forecast 2021 – 2031
  • Key drivers and restraints impacting the market growth
  • Segment wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on automotive Gas Charged Shock Absorbers Market And How to Navigate
  • Recommendations on Key Winning Strategies

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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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