Market Research Blog – Page 10270 – New Product Development

Bulk Material Handling System Market to grow at a rate of 2% by 2031 | Says Future Market Insights

Global bulk material handling system sales are expected to increase from 13,000 units in 2021 to over 14,000 units by the end of 2031. According to Future Market Insights (FMI), the bulk material handling system market revenue is expected to reach $5.1 billion in 2021.

The market will grow by 2.10 percent annually in 2021 due to the use of telematics-based services by original equipment manufacturers (OEMs) and the incorporation of remote user connectivity and interface into equipment.

Processes in the construction and mining industries, such as ore extraction, crushing, grinding, site cleaning, demolishing, and decommissioning, among others, are what drive the demand for bulk material handling systems. The bulk material handling market is expanding as a result of ongoing migration, rising urbanisation, and high-value infrastructure projects with healthy investment.

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Key Takeaways of Bulk Material Handling Systems Market Study

Key players focus on expansion of footprint in the developing countries, which also involves moving new products into new markets such as the Middle East, China and India where construction industry registered a double digit growth in the past decade.
As per the recent trend in the mining industry in the Americas and Asia Pacific, the demand for bulk material handling systems is expected to be from open or surface pit mining especially for coal and ferrous mining.
Since the rental and leasing service is a strong aspect of the bulk material handling systems market, many players have incorporated rental services as business segment while directly selling bulk material handling systems.
Band conveyor and stackers have been identified as the most recognizable bulk material handling systems as they are capable of accomplishing various tasks such as stock piling and transportation, particularly in packaging and manufacturing end use industries.

“Rental services play a pivotal role in the bulk material handling systems market, as these equipment are capital intensive. Hence, to gain profits in this market, players can focus on offering rental and leasing services while also directly selling bulk material handling systems,” says an FMI analyst.

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Bulk Material Handling Systems: Competition Scenario

The bulk material handling systems market is assessed to be fragmented market, where market players such as Hitachi Construction Machinery Co., Thyssenkrupp, Kawasaki Heavy Industries, Ltd., Liebherr Group, and Sumitomo Heavy Industries are estimated maintain their dominance in the market throughout the forecast period, and have strong order inflow.

Brief Synopsis

The increasing exploration and production (E&P) activities in oil & gas and mining industries coupled with burgeoning demand from construction industry as a result of growing infrastructural projects is expected to led to high volume orders of bulk material handling systems in the global market.

Increasing awareness of benefits and the resulting demand for automated bulk material handling systems is anticipated to reflect optimistically on the market growth rate of conveyors and stackers.

Though E&P activities in Europe are recovering, the region is projected to foresee healthy growth, attributable to the promising dynamics in the rest of the end-use industries that deploy bulk material handling systems, such as packaging and manufacturing.

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Key Segments Covered in Bulk material handling system Market Study:

Application

Mining
Packaging
Construction
Manufacturing
Sea Ports & Cargo Terminals

Equipment

Stacker
Stacker cum Reclaimer
Band Conveyor
Bucket Wheel Excavator
Stripping Shovel
Rope Shovel
Bucket Elevator
Ship Loader and Unloader

Region

North America
Europe
Latin America
APAC (Asia Pacific)
MEA (Middle East & Africa)

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Sarcoidosis Therapeutics Market New Technological Development Projecting Massive Growth till 2027

Sarcoidosis Therapeutics Market Overview

Sarcoidosis also known as Besnier-Boeck-Schaumann disease is an inflammatory disease characterized by formation of garnulomas. The autoagressive systemic disease affects the organs throughout the body where the nodules contains collection of inflammatory cells. In majority of the cases sarcoidosis is cured within a year or two and only 30% of the sarcoidosis develop chronic disease.

The market for sarcoidosis therapeutics is expected to boom due to the number of research undertaking and funding to control the rising prevalence of this disease. NIH granted USD 8.3 million to the University of Pittsburgh to explore the relationship between lung bacteria, the gene activation process and sarcoidosis disease progression.

For the sarcoidosis study the Genomics and Informatics Center would collect patient clinical data from seven clinical center and use advanced microbiome and genome profiling techniques to identify biomarkers. These biomarkers would help identify the current state of lung disease and further predict its progression. Such integration of microbiome, genome and clinical information for sarcoidosis disease would dramatically change its management.

Sarcoidosis therapeutics market has been segmented on the basis of diagnosis, treatment and region.

There is no blood test for diagnosis sarcoidosis. In order to negate some other infections, doctors always tests skin or lung sample during biopsy. In case where the patient chest x-ray is abnormal, bronchoscopy is performed. Small pieces of lung tissues are collected for testing.

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Treatment of sarcoidosis starts by limiting the initiation of granuloma formation by inhibiting antigen processing, preventing fibrosing processe, limiting inflammatory lesions causing organ interference, severe chronic fatigue, inhibiting constitutional manifestations like cough and exertional dyspnea.

The number of clinical trials undertaken for sarcoidosis has increased past some years. The disease is highly undiscovered and hence offers a potential for industry players to mark their market presence. Some companies such as Auven Therapeutics have obtained rights from research universities to further carry out clinical trials on a new molecule. Auven Therapeutics obtained rights to futher develop KIACTA from the Icahn School of Medicine.

The research is now carried as a collaborative effort between Auven Therapeutics and BELLUS Health. The companies are evaluating the potential use of KIACTA for the treatment of patients suffering from pulmonary sarcoidosis. They have developed a Phase2/3 protocol to evaluate the efficacy and safety of KIACTA in sarcoidosis.

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Geographically, sarcoidosis therapeutics market is segmented into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa. North America region is projected to dominate the sarcoidosis therapeutics marketover the forecast period. The amount of research undertaken by various companies, industry academia partnership and funding to encourage more research are some of the factors contributing to North Americas lion share. Europe is the second largest region in terms of revenue share as it also has number of clinical trials ongoing.

Asia Pacific is expected to be the fastest growing region for the sarcoidosistherapeutics market. The region is expected to boom owing to the prevalence rate and grants received from various international associations. A professor from National Jewish Health, received USD 40,000 per for two years from the Foundation for Sarcoidosis Research (FSR) grant /American Thoracic Society.

The Foundation for Saroidosis Research (FSR) is a non-profit organization dedicated to find a cure or improve care for sarcoidosis. The foundation has awarded USD 1 million for research and additional USD 1.2 million for funding to investigators.

Key Players

Some of the key players in sarcoidosis therapeutics market include Bellus Helath, FirstString Research Inc., Relief Therapeutics, Araim Pharmaceuticals, Inc., Merck & Co., Inc., Novartis AG, PharmaIN Corporation, Adaptimmune Therapeutics Plc, EpiZyme, Inc. and Advenchen Laboratories, LLC.

This 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 geography, product type, material type, and end-use.

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The Report covers exhaust Analysis on

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

Regional Analysis includes

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Japan
Middle East & Africa

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.

Sarcoidosis Therapeutics Market

Based on the diagnosis, therapy, sarcoidosis therapeutics market is segmented into the following

Based on the diagnosis, sarcoidosis therapeutics market is segmented into the following:

X-ray
CT Scan
Biopsy
Lung function tests
Others

Based on the therapy, sarcoidosis therapeutics market is segmented into the following

Corticosteroids
Immunosuppressant Drugs
Tumor Necrosis Factor Alpha (Tnf-Α) Blockers
Others

About 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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Electric Air Freshener Market: Top Trends and industry overview to watch for in 2032

The electric air freshener market size is projected to reach a valuation of US$ 568 Million in 2022, likely to surge at a vigorous 2.7% CAGR from 2022 – 2032.

For better condition of indoor living spaces and public places, air freshener is a very important substance prepared from different types of natural and synthetic chemicals. Given the serious impacts of artificially prepared air fresheners widely available in the market, electric air fresheners have emerged as a suitable alternative.

Electric air fresheners are becoming more popular as they are simple to use and can be regulated remotely. Until 2022, the global electric air freshener market accounted for nearly 5% of total revenue from all types of air freshener materials sold worldwide. According to the market study report, this share is expected to grow throughout the forecast period.

Growing urbanization and disposable income of people even in developing regions of the world has provided the necessary impetus for the growing use of different types of air freshening and fragrance material in the global market. The sale of electric air freshener has also grown many folds along with the sale of the physical air freshener of room and car air freshener materials.

Another big reason for such growth in demand for an electric air freshener is the growing number of personal cars in every part of the world.

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What are the Key Contributors to the Electric Air Freshener Market?

Technological advancement is one of the reasons for market participants, which is continuously adopted by the manufacturers with the rising demand for electric air fresheners. They are upgrading by adding new features like reliable capacity, LCD display, convenient design, adjustable fragrance settings, portable design, time settings, and versatile functionality to distribute and sell electric air fresheners in all segments of end users.

Along with these factors, the global electric air freshener market also depends on consumer awareness and performance of electric air fresheners. High disposable income and improvement in the lifestyle of consumers present beneficial opportunities for the sale of electric air fresheners in different regions and market development.

Product diversity is a major trade of the electric air freshener market, which is driving innovation and research activities, growing the demand for electric air fresheners by targeting new customer groups. Quickly changing technology coupled with more demanding customer outcomes in the push for new product development and product augmentation.

The key industry participants are more invested in research and development (R&D) activities for developing new products and fragrances to meet standards and regulations implemented across regions and according to a growing demand for electric air freshener types. Product extension is an essential factor in propelling the market and increasing the sale of electric air fresheners to new customers.

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Which Region holds the Highest Growth Potential in the Electric Air Freshener Market?

Due to the higher living standards of people mostly living in North America and European regions, the demand for electric air fresheners is higher in these countries. Also, the popular trend of keeping pets in households is also a major factor for the higher sale of electric air fresheners in US and European countries.

Middle East countries are also traditionally an attractive region for all types of fresheners and perfumes. With the adoption of the modern lifestyle, the demand for electric air fresheners is projected to grow during the forecast period.

How Strong is the Competition in the Global Electric Air Freshener Market?

Some of the major players of the global tire carousel market include Qingdao Anyfeel Electric Co. Ltd, Reckitt Benckiser Inc., Jarden Corporation, Kobayashi Pharmaceutical Co. Ltd, Farcent Enterprise Co. Ltd., SC Johnson & Son Inc., Car-Freshener Corporation, Church & Dwight Co. Inc, Henkel KGaA, and Procter & Gamble Co., among others.

Expansion of supply or distribution channels through the advent of online e-commerce platforms is the major driving factor for the significant growth in the sale of the electric air freshener market during the past decade.

Recent Developments Related to Electric Air Freshener Market

P&G announced the release of a long-lasting air freshener in February 2015 that can be bused home and fabric care products. This new product can help the company to strengthen its brand value in the electric air freshener market.
S.C. Johnson of US acquired the Air Freshener manufacturing Company Homeland in May 2015. As per the market analysis export, this acquisition will expand the customer base of S.C. Johnson for its sale of electric air freshener in new markets.

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Key Segments

By Customer Type:

Individual
Enterprise

By Application:

Residential
Cars
Corporate Offices
Others

By Distribution Channel:

Direct
Indirect
Hypermarket or Supermarket
Specialty Stores
Independent Stores
Online Store
Others

By Application:

Residential
Cars
Corporate Offices
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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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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Survival Tools Market are Slated to Increase at a Healthy 7.7% CAGR Over Forecast Period 2030

The global sales of the survival tools market are likely to soar at 7.7% CAGR through 2030. Growth will be driven by a growing sentiment toward self-protection amidst a rapidly changing environment.

In survival tools industry, which has witnessed moderate growth and expansion into the mainstream market, it is imperative for players to recognize their consumers and devise future-proof strategies (and products) to stand out among their peers.

Since January 2020, three important events have scaled up demand for survival kits – outbreak of COVID-19, bushfires in Australia, and assassination of Iranian military leader.

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Key Findings

Pocket tools to remain preferred among consumers
Manufacturers continue to use stainless steel to develop survival tools
Adoption of survival tools to remain prominent in hiking activities
Players to invest in multi-brand stores for substantial sales of survival tools
North America and Europe to represent most lucrative opportunities for survival tools market players

“Generation X (Xers) have been key factor driving revenue leaps for survival tools market over recent past. The demographic cohort has essentially transformed the concept of ‘survivalism’ from hobby to lifestyle. Moreover, Xers prioritize self-reliance and resilience and are attracted towards ‘survival schools’ to learn to live with basics,” says analyst at FMI.

COVID-19 Impact Survival Tools Market on

While many industries are striving to click revenue targets as several countries, globally, come to grips with the COVID-19 pandemic, the survival tools market has been booming. Despite survival tools industry was not prepared for catastrophe of this scale, sales remain unaffected by the onset of the pandemic. Demand for survival tools is increasing following COVID-19 contagion.

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Consumers are increasingly purchasing pocket tools, first aid kits, and ropes to prepare for doomsday scenarios. The COVID-19 pandemic has triggered drastic changes in consumer lifestyle. Consumers are continuously seeking ways to stock up on essentials such as medicines, survival kits, and food.

While certain regions of hard-hit countries are opening up, consumers are still facing dearth of all sorts of odds and ends. In addition, as various regions are being exposed to the second wave of COVID-19 pandemic, there are uncertainties regarding further tightening of lockdown restrictions.

The COVID-19 recession has reset the bars for how manufacturers engage with suppliers and consumers. As these trends sweep across market landscape, survival tool manufacturers must rethink existing operating models and supply chains.

Survival Tools Market – Competitive Intelligence

The global survival tools market is highly fragmented, with several players racing towards capturing leading value share. In an effort to survive the rising market competition, manufacturers are focusing on new launches and acquisitions, for instance,

UST has developed new camping equipment that accent excellent durability and functionality. In addition, the company has started leveraging 100% recyclable packaging to its new offerings, and will phase out conventional packaging.
Tender Corporation has acquired Bushwacker Backpack & Supply, which is maker of Counter Assault label of personal-defense items such as bear spray and tools for self-defense and law enforcement.

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Survival Tools Market by Category

Product:

Shovels
Ropes
Compasses
Pocket Tools
Hatchets
First Aid Kits

Material:

Stainless Steel
Aluminum
Wood
Plastic

Application:

Hiking Activities
Hunting and Fishing
Camping Activities
Other Wilderness Activities

Sales Channel:

Supermarkets/ Hypermarkets
Multi-Brand Stores
Online Retailers
Direct Sales
Specialty Stores

Region:

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excluding China & Japan
Japan
China
Middle East & Africa

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Ski Gear & Equipment Market is Expected to Grow with a 3.2% CAGR by 2032

The ski gear & equipment market size is expected to reach US$ 2.26 Billion in 2032, growing at a CAGR of 3.2% CAGR during the forecast period 2022-2032.

Skiing is considered to be one of the most popular and fascinating adventure sport practiced in the North American and the European regions in large scale. Over the years, the global skiing sports industry has witnessed a rise in the number of participants and audience which is attributable to the experience one gets while playing sports. With the rise in popularity of the sports, skiing is now being considered in global sports event such as the Olympics.

There are types of skiing practiced i.e. cross-country skiing, Alpine skiing and ski touring. With the rise in the number of participants for the sports, there has been a significant rise in demand for various types of ski gear & equipment. Ski gear & equipment promotes safety and smooth rides to its users.

Now that skiing is considered one of the commercial sports in the global industry, ski gear & equipment has been gaining traction in various parts of the world. Ski gear & equipment includes jackets, snowboards, goggles etc which are available in various styles that cater to varying needs and demands of its customers.

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Global Ski Gear & Equipment Market: Reasons for covering this Title

Skiing sports is one kind of adventure sport played since decades having its origin from Norway in Europe. Now the sports has been commercialized since the sports are being considered as one of the Olympic Games. As skiing is being considered as one of the adventure sports for the tourist as well as a big-time commercial sport for the professionals.

As a result, over the last couple of decades, there has been large-scale demand for ski gear & equipment in the global market. Various types of ski gear & equipment such as goggles, times, safety equipment are being considered as the basic essential equipment for skiing.

Ski gear & equipment manufacturers now strategize on coming up with unique products that cater to the needs of various demographic sectors i.e. men, women, and kids. Ski gear & equipment not only promotes safety but also overall style and appearance that suits its end users.

Global Ski Gear & Equipment Market: Key Players

Some of the key players operating in the global Ski Gear & Equipment market are Burton Snowboard, The Boarding Company Limited, ELAN, D.O.O. & ARENDICOM GMBH, HEAD Sports GmbH, SKI ROSSIGNOL, Surfdome Shop Ltd among others.

Ski Gear & Equipment Market: Key Trends

Major Ski Gear & Equipment manufacturers have been strategizing on innovation in the view of coming up with a new range of Ski Gear & Equipment products catering to varying needs and requirements of its target customers.

Ski Gear & Equipment Market: Key Developments

In 2017, Burton Snowboard, one of the key players in global Ski Gear & Equipment launched a new kind of ski gear & equipment product i.e. new strapless, step-in Step On boot-binding system, after five years of R&D.
In 2017, various key players in European ski gear & equipment market organized a high-profile exhibition The Telegraph Ski & Snowboard Show notifying its key product launches of the year to its target customers.

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Opportunities for Ski Gear & Equipment Market Participants

There have been recent developments where artificial snow environment being installed in the commercial mall for better customer services and experiences. For instance, the Dubai Mall has installed artificial snowboard for its customers to have a gist on how various snow sports like skiing looks like. Likewise, there are many other prominent malls that have come up with such initiatives. This one critical factor will further provide a critical opportunity for ski gear and equipment to gain traction at a significant rate in the global market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, types, application, end-use & sales channel.

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Global Ski Gear & Equipment: Market Segmentation

On the basis of types, the global Ski Gear & Equipment market has been segmented as –

Jacket
Timer
Goggles
Helmets
Snowboard
Snowboard boots
Ski Gloves
Snowboard sticks
Skiing apparels
Others

On the basis of application, the global Ski Gear & Equipment market has been segmented as –

Cross-county skiing
Alpine Skiing
Downhill skiing
Ski touring

On the basis of end use, the global Ski Gear & Equipment market has been segmented as –

Men
Women
Kids

On the basis of the sales channel, the global Ski Gear & Equipment market has been segmented as –

Wholesaler/Distributors
Specialty Store
Franchise Stores
Online Store

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U.S. & Canada Portable Air Conditioner Market to grow at a rate of 3.3% by 2032 | Get Customized Reports

The U.S. & Canada portable air conditioner market size is estimated to top nearly US$ 231.2 Mn in 2022 and is projected to reach US$ 319.7 Mn by 2032 at a CAGR of 3.3% from 2017 to 2021.

Brand owners of portable air conditioners have optimized their sales channels through omni-channel retailing. Using this approach, the desired product is available to the consumer across all available channels, whether online or offline. Thus, portable air conditioners are readily available for the consumer to purchase. Many global leaders in the portable air conditioners market have adopted this approach. This way, the company reaches its customers not only in urban areas but also in rural areas, thus increasing the probability of high sales.

Furthermore, consumers are increasingly adopting e-commerce sites to purchase electronic items including portable air conditioners, as they have the ability to offer a wide range of products with special discounts and prices. In addition, e-commerce websites also help customize the products as per the specific requirements of the customer, even if the product is not available in the market in a particular country. Leading e-commerce sites including, Walmart, Alibaba and Amazon, are offering an extensive range of products from around the world.

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Factors such as easy product accessibility, convenience and ease of shopping irrespective of geographic presence help promote the online channel to purchase products like portable air conditioners which has acted as one of major driving force impacting the market.

Key Takeaways from the U.S. & Canada Portable Air Conditioner Market Study

The market in US is projected to witness rapid growth and register a CAGR of 3.6% over the forecast period, owing to the rapidly growing population, along with an increase in the number of retail outlets in the country.
As per the analysis, 5000-10,000 BTU’s segment is expected to hold a noteworthy share of 38.7% in 2021. Because it is used for small and medium-sized rooms, it an economical choice for most people.
The residential segment is expected to hold a major share of the market. Improved standard of living and rise in the adoption of smart home appliances is anticipated to favour the segmental growth.
Companies are focusing on manufacturing products that offer special features, including smart controls by Wi-Fi.

“Rising inclination of consumers toward energy-efficient systems and the growing popularity of portable systems are expected to positively impact the portable air conditioner market growth.” says an FMI analyst.

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Impact of COVID-19 on the Market

The spread of the COVID-19 pandemic had a negative impact on portable air conditioner demand in 2020 due to decreased consumer spending. Government authorities across the globe advised people to not use the air conditioner system, as it helps spreading the virus, which further restricted the product adoption. Moreover, due to the increase spread of covid-19, governments imposed stringent lockdown in countries which slowed down the overall economic conditions.

However, the market is expected to rebound in 2022 and grow steadily, aided by changing weather patterns and rising demand from commercial constructions.

Who is winning?

The players operating in the global U.S. & Canada portable air conditioners industry have adopted various developmental strategies to expand their market share, exploit the U.S. & Canada portable air conditioner market opportunities, and increase profitability in the market. Major players present in the U.S. & Canada portable air conditioner market are The Whirlpool Corporation, Midea Group, LG Electronics, Black+Decker Inc., WHYNTER LLC, Frigidaire Company, Samsung Electronics, Haier Group Corporation, Electrolux AB, General Electric Company, Honeywell International Inc., Blue Star Limited, SereneLife Home, LLC, Havells India Ltd. (Lloyd), AMACOOL among others.

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U.S. & Canada Portable Air Conditioner Market by Category

By Product Type, U.S. & Canada Portable Air Conditioner Market is segmented as:

Standard Portable Air Conditioner
Smart Portable Air Conditioner

By Capacity, U.S. & Canada Portable Air Conditioner Market is segmented as:

5,000-10,000 BTUs
11,000-15,000 BTUs
16,000-20,000 BTUs
20,000 and Above BTUs

By Price Range, U.S. & Canada Portable Air Conditioner Market is segmented as:

Below US$ 100
US$ 100-200
US$ 200-700
US$ 700 and Above

By End User, U.S. & Canada Portable Air Conditioner Market is segmented as:

Commercial
Residential

By Sales Channel, U.S. & Canada Portable Air Conditioner Market is segmented as:

Wholesalers/Distributors
Hypermarkets/Supermarkets
Multi-Brand Stores
Specialty Stores
Independent Small Stores
Online Retailers
Other Sales Channels

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U.K. Car Rental Market – Global Industry Analysis and Deeper Insights | FMI

The U.K. car rental market size is estimated at US$ 3.20 Bn in 2022 and is projected to reach US$ 5.54 Bn by 2032, at a CAGR of 5.6% from 2022 to 2032.

Subscription models are increasingly gaining traction among consumers as they are cost-effective and offer more convenience. Driven by this, various OEMs are entering the market with improved service offerings, which is expected to augment the growth of the market.

Further, players are aiming to improve their present working models, while utilizing their abilities in fleet management and existing public fleet presence to gain a competitive advantage.

Vehicle subscriptions are expected to entice customers who may not represent conventional customer profiles for OEMs. For example, few extravagant OEMs are trying membership models widen their customer base.

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Moreover, the car subscription model permits customers to maintain a strategic distance from upfront capital necessities and long-term contracts related with buying or renting. It also allows consumers to access comfort and adaptability with the “all-in” month-to-month expense and responsibility.

“Growing preference for economic cars and rise-sharing services, coupled with subscription models offered by market players will continue fueling growth of the market over the assessment period,” says an FMI analyst.

Key Takeaways:

Based on car type, demand for economy cars is expected to surge at a considerable pace over the forecast period.
In terms of end use, the on-airport segment is projected to remain dominant through 2031.
Sales in the mobile application segment are forecast to continue gaining traction over the forecast period.
The U.S. is expected to dominate the North America market owing to the presence of key market players and increasing preference for ride-sharing services.
Demand in the U.K. is expected to remain high due to growing prevalence of medical tourism in the country.

Competition Landscape

Some of the key players operating in the car rental services market are Enterprise Holdings Inc., The Hertz Corporation, Avis Budget Group, Europcar Group, Carzonrent, Sixt SE, AI Futtaim Group, Localiza-Rent A Car, Eco Rent A Car, and GlobalCARS among others.

Leading players operating in the market are offering services aligned with consumers’ expectations to gain a competitive edge in the market. Besides this, players are investing in mergers, acquisitions and collaborations to strengthen their footprint in the market. For instance:

In January 2020, Localiza Rent A Car SA had been ranked 7th place in customer service – EXAME / IBRC (Ibero-Brazilian Institute for Customer Relations)
In 2019, Enterprise Holdings, Inc. had acquired Romsey-based car rental company, SHB Hire Ltd. The latter operates a fleet of over 18,500 commercial vehicles and this acquisition would help the company to form one of the largest U.K. commercial vehicle rental business.
In 2019, Hertz Global Holdings and Air France jointly launched Hertz DriveU, which had designed to meet all customer transportation needs.

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U.K. Car Rental Market by Category

By Car Type:

Economy Cars
Compact Cars
Intermediate Cars
Premium Cars
Luxury Cars
Others

By End Use:

Intercity
Intra-city
On-Airport
Others

By Booking Mode:

Offline Access
Mobile Application
Other Internet Access

By Sector:

Organized
Unorganized

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Total Reflection X-Ray Fluorescence Spectrometer Market Regional Outlook, Trends, Key Companies Profile, CAGR and Forecast to 2027

X-ray fluorescence analysis is method for performing elemental analysis in samples. It is regards as one of the best methods irrespective of the medium – liquid, solid or loose powder. This x-ray analysis is used to analyze the elements such as Beryllium (Be) to Uranium (U) having a concentration between a range of 100 % and sub-ppm (parts per million)-levels.

It finds applications in quality and process control due to its ease of use, compact size, facilitation of usage analytics and continuous monitoring. Total x-ray fluorescent spectrometer facilitates detection in the low ppb (parts per billion) ranges. It is the method of choice for fast quantitative and semi-quantitative trace analysis of multiple elements.

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It finds many applications in clinical research and biology, forensics and formulation of pharmaceuticals. As noted by several studies factors such as low background, double excitation of the specimen by the X-rays and proximity of the detector to the specimen, facilitate better detection limits in ppb levels.

Total Reflection X-Ray Fluorescence Spectrometer Market: Drivers and Restraints

Drivers of revenue for the market include advancements in medical technology with investments in billions, the device is one of the few noted products expected to create a market in the medical devices industry. Increased demand for accuracy in diagnosis, faster access to results and increased affordability are factors leading to greater installation of the product in the medical technology industry.

Greater adoption is expected to be noted in pharmaceutical quality control and precision therapy. Added applications in other fields such as forensic studies, industrial production, geological prospecting and environmental conservation could lead to greater manufacturing and higher installations.

Total reflection x-ray fluorescence spectrometry is also used a tool for quantification of gold and platinum metallic drugs used in anti-cancer therapy. Barriers for the market include lack of proper understanding on functioning of the device due to dearth of adequate skilled labor.

The device is yet to make a mark in developing countries with low resource-base. Lack of adequate documentation and evidence-backed facilitation leads to lower adoption. Complex product structure creates loopholes in adequate verdict generation.

Total Reflection X-Ray Fluorescence Spectrometer: Overview

Total reflection X-ray fluorescence spectrometer is mainly designed to meet the demand in the field of regulated areas namely observing of catalyzer elements in pharmaceutical production or detection of metal contamination, quality check in the food industry and new product development.

The device is featured with an air cooled x-ray tube with metal ceramics technology, silicon drift detector to safeguard low limit of detection for element analysis and other optics for monochromatization. Total reflection x-ray fluorescence spectrometer is a method used for fast quantitative multi element trace analysis.

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Total Reflection X-Ray Fluorescence Spectrometer: Regional Overview

Depending on geographic region, total reflection x-ray fluorescence spectrometer market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

North America held largest share in the total reflection x-ray fluorescence spectrometer market followed by Europe, Japan and Asia Pacific owing to rise in research & development activities and government support by allocation of fund at various institutes and developed healthcare infrastructure.

The developing nations in Asia Pacific, Middle East and Africa hold huge potential for growth in the total reflection x-ray fluorescence spectrometer market, due to increase in the awareness about new technology among healthcare providers, rising per capita income and living standards along with increase healthcare expenditure.

Total Reflection X-Ray Fluorescence Spectrometer: Key Players

Some of the key players in global total reflection x-ray fluorescence spectrometer market are Bruker, EAG Inc., Rigaku Corporation, SPECTRO Analytical Instruments GmbH, Analytical X-Ray Systems Co. Ltd., APC GmbH, Bourevestnik, FAST ComTec, Horiba, Innov-X Systems, Inc. and CCS Services

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 categories such as market segments, geographies, type of product and applications.

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.

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Total Reflection X-Ray Fluorescence Spectrometer: Segmentation

The total reflection x-ray fluorescence spectrometer market has been classified on the basis of application, end user and geography.

Based on technology, the total reflection x-ray fluorescence spectrometer market is divided into following:

Atomic Spectrometry
Molecular Spectrometry
Mass Spectrometry

Based on application, the total reflection x-ray fluorescence spectrometer market is divided into following:

Pharmaceutical industry
Food Industry
Environmental Monitoring

Based on the end user type, the total reflection x-ray fluorescence spectrometer market is divided into following:

Hospitals
Research and Clinical Laboratories
Academic

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Medical Adhesives Market Future Scenarios, Growth and Analytical Insights – 2027

In the medical field, medical adhesives are substances that are used to make parts for medical devices, seal wounds, and attach any medical equipment to the skin, such as a tape, dressing, or patch. Medical adhesives are typically used as an alternative to sutures and staples in surgical procedures. Additionally, it is utilised during orthopaedic and dental surgery for the repair of bone and enamel. Various goods, including tapes, dressings, electrodes, patches, and ostomy supplies, are included in the category of medical adhesive. Medical adhesives can be broadly categorised as either natural or synthetic medical adhesives. Collagen, albumin, and fibrin are examples of natural medical adhesives, whereas polyethylene glycol, cyanoacrylate, acrylic, and silicon are examples of synthetic medical adhesives, according to the chemistry involved. The use of medicinal adhesive is required. It is mandatory that medical adhesive should only be used by medical professional with proper technique; otherwise, it may cause pain or infection.

Medical Adhesives Market: Drivers and Restrains

The primary factors driving the growth of the medical adhesive market are increasing geriatric population and rising demand for the electronic and automotive application. Other factors responsible for the growth of the medical adhesive market are the technological advancement and focus of major market players to manufacture more improved medical adhesives. Rising demand for packaging and labeling application can boost the growth of medical adhesives market. Increase adaptability of medical adhesives for the surgical procedure has propelled the growth of this market. Lack of reimbursement policies for the use of synthetic grade medical adhesives and stringent regulation associated with medical grade products can hamper the growth of medical adhesives market.

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Medical Adhesives Market: Overview

Medical adhesives market is expected show significant growth over the forecast period due to increase the adaptability of medical adhesives in surgical procedures. Major players in the medical adhesives market are focusing on merger and acquisition to expand their regional presence. On the basis of product type, medical adhesives market are classified as a natural medical adhesive and synthetic medical adhesive. Among both product type, the synthetic medical adhesive is expected to dominate the market share in term of value. On the basis of material medical adhesives market is classified as collagen, albumin, fibrin, polyethylene glycol, cyanoacrylate, acrylic, silicon and others. The acrylic segment is expected to gain maximum market share in term of value for the medical adhesive market.

Medical Adhesives Market: Regional Overview

On the basis of region medical adhesives medical devices are classified in seven key regions viz. North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. North America is expected to dominate the market share for medical adhesives in terms of value and volume, which is then followed by Western Europe and Japan. Increased occurrence of medical tourism is responsible for the high growth of the medical adhesives market in Western Europe. In APEJ region, China and India are expected to lead the market owing to rise in geriatric population

Medical Adhesives Market: Key Players

Some of the key players of medical adhesive market are Bostik Ltd., Cyberbond LLC, Henkel AG and Company, Chemence Ltd. 3M Company, Ethicon Inc., Glustitch Inc., Medtronics, Adhezion Biomedical, Muller Sports Medicine, Medline Industries Inc., and Pinnacle Technologies. Major players in the medical adhesive market are focusing on merger and acquisition to expand their global footprint.

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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 (Argentina, 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)

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Medical Adhesives Market: Segmentation

The global medical adhesive market is classified on the basis of product type, material, application, and region.

Based on product type, global medical adhesive market is segmented into following:

Natural Medical Adhesive
Synthetic Medical Adhesive

Based on material the medical adhesive market are segmented into following:

Collagen
Albumin
Fibrin
Polyethylene Glycol
Cyanoacrylate
Acrylic
Silicon
Others

Based on application, the medical adhesive market is segmented into following:

Internal
External

Based on region, the medical adhesive market is segmented into following:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Japan
Middle East and Africa

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Tissue Extraction System Market Innovations, Technology Growth and Research by 2027-End

According to WHO, cancer is the leading cause of mortality and morbidity globally impacting about 14 million people annually. Thus, the rise in prevalence rate of cancer is one of the major factor attributing to the growth of the global tissue extraction system market. The introduction of minimal invasive procedure such as liquid biopsy is another factor attributing to the growth of the global tissue extraction system market. The technological advancement in imaging technology such as MRI, CT-Scan, PET scan and others are expected to propel the growth of the global tissue extraction system market during the forecast period. Furthermore, rise in awareness among people about cancer diagnosis, prevalence of unhealthy lifestyle, rise in geriatric population are few factors that are expected to propel the growth of the global market through 2024.

However the higher cost associated with advanced biopsy technologies and uncertainty involved in the regulation of medical devices are the factor that can restrain the growth of the global tissue extraction system market during the forecast period.

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Tissue extraction is the process of removing sample of tissue from the body. Tissue extraction is also known as Biopsy. Most often the tissues are extracted to diagnose a disease such as cancer or to help to understand a better therapy option. Cancer is uncontrolled growth of cell and can spread to different organs and other parts of the body. Tissue extraction procedure plays a significant role in the diagnosis of various types of cancers since the imaging technologies can only detect the abnormal mass or lesions but cannot distinguish between cancerous and non-cancerous cells. Majorly the extraction systems use sharp tools to remove a small amount of tissue of the affected part in the body. There are various type of biopsy system used such as vacuum assisted biopsy and needle biopsy.

Tissue Extraction System Market: Overview

Tissue extraction system market is expected to expand at a significant growth rate across regions. After the patient is suspected of having a particular type of cancer, biopsy or tissue extraction is performed and sample is sent for analysis, this procedure plays an important role in diagnosis of cancer. Major players operating in the global market of tissue extraction system are working on their research and development process to build systems that can maximize the volume of the sample, quality of the tissue, minimal invasiveness and the system which will have less negative impact on the patient’s body. The growing prevalence of cancer, compromised immunity levels with increase in the age and prevalence of rise in carcinogenic agents are further responsible for growth of the tissue extraction market globally.

Tissue Extraction System Market: Region-wise Outlook

A geographic condition regarding tissue extraction system market, it has been segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific and the Middle East & Africa.

North America is expected to dominate the global tissue extraction system market in terms of value and volume followed by Europe. Presence of sophisticated healthcare infrastructure, high awareness among patients and practitioners, favourable government initiatives are few of the factors attributing to the rise of market in North America region. The Asia Pacific region is expected show a high growth rate in the global market due to factors like rapidly developing healthcare infrastructure in the emerging countries like India and China, unmet patient needs, rising awareness among people etc.

Tissue Extraction System Market: Key Players

Some of the major players operating in the global tissue extraction system market are Argon Medical Devices, Inc, Cardinal Health, Devicor Medical Products, Inc, DTR Medical Ltd, Hologic, Inc, Becton, Dickinson and Company, among others worldwide.

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The report covers exhaustive analysis on: