Portable Toilet Rental Market is Likely to Surge at a Vigorous 7.5% CAGR by 2022 – 2032 | FMI

The worldwide portable toilet rental market was worth US$ 18.16 Billion in 2021, expected to reach US$ 19.5 Billion in 2022. From 2021 to 2022, a Y-o-Y increase worth 7.4% is anticipated. During the forecast period, the market is predicted to increase at a CAGR of 8.7%, reaching a market value of US$ 45 Billion.

Due to their adaptability and availability of a wide range of alternatives, portable toilets are a popular choice for a variety of purposes. People’s growing concern for cleanliness is driving up demand for portable restroom rentals and expanding the market size over the course of the study.

Government regulations are a significant factor in the need for portable restrooms. For outdoor events like fairs, carnivals, fun runs, outdoor theatre performances, and other special occasions, several governments, for instance, mandate the renting of portable toilets.

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In non-developed and developing countries, where people commonly lack access to proper sanitation, open defecation is practically certain to increase the risk of disease and groundwater contamination. To address these issues, several nations have taken action and contributed humanitarian funds. For instance, the Indian government has set a deadline of 2020 for achieving total sanitation, with the aim of ending open defecation and enhancing the cleanliness of the nation. In the upcoming years, it is anticipated that this trend will raise the demand for portable toilet rentals in these locations.

Key Takeaways from the Market Study

  • The global Portable Toilet Rental market is estimated at USD 18.16 Billion in 2021.
  • The global Portable Toilet Rental market is estimated at US$ 40 Billion during the forecast period.
  • From 2022 to 2032, North America is predicted to grow at a 7.6% CAGR.
  • China is anticipated to grow at 5% CAGR.
  • From 2022 to 2032, the special events portable toilet application is expected to grow at a CAGR of 9.3%.

Competitive Landscape

The industry is tremendously competitive due to a large number of enterprises and low entry barriers. However, due to the region’s booming construction industry and growing number of infrastructure projects, the Asia Pacific portable toilet market is anticipated to grow quickly. Future portable toilet market growth will be fueled by an increase in the number of event promotions and concerts, as well as increased demand from construction sites. Recent notable figures include:

  • Sanitech
  • Satellite Industries, Inc.
  • ADCO Group
  • B&B Portable Toilets
  • PolyJohn Enterprises Corporation
  • United Site Services Inc.
  • Biffs, Inc.
  • Halco Portables
  • Handi-Can Portable Toilets
  • West Coast Disposal Ltd.

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Key Segments Covered in the Portable Toilet Rental Industry Report

Portable Toilet Rental Market by Product:

  • Standard Portable Toilet Rental
  • Luxury Portable Toilet Rental

Portable Toilet Rental Market by Application:

  • Portable Toilet Rental for Construction
  • Portable Toilet Rental for Special Events
  • Portable Toilet Rental for Recreational Applications
  • Portable Toilet Rental for Commercial Applications

Portable Toilet Rental Market by Technology:

  • Vacuum-based Portable Toilet Technology
  • Gravity-based Portable Toilet Technology
  • Other Portable Toilet Technologies

Portable Toilet Rental Market by Region:

  • North America Portable Toilet Rental Market
  • Latin America Portable Toilet Rental Market
  • Europe Portable Toilet Rental Market
  • Asia Pacific Portable Toilet Rental Market
  • Middle East & Africa Portable Toilet Rental Market

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More Valuable Insights Available

In its latest release, FMI provides a fair study of the global filter bag market, including historical market data (from 2017 to 2021) and projections for the years 2022 to 2032.

The study provides key findings by Product (Luxury Portable Toilet Rental and Standard Portable Toilet Rental), By Application (Portable Toilet Rental in Construction, Portable Toilet Rental in Special Events, Portable Toilet Rental in Recreational, and Portable Toilet Rental in Commercial), and By Region (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).

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Size, Share, Future Trends, Price, Top Key Players Review, Business Opportunities, Demand, and Global Analysis by Forecast 2031 of the Value-Based Healthcare Services Market

Governments are increasingly focusing on strengthening and improving primary healthcare and digital health education. There has been a shift from volume-based to value-based care in past some years, which is expected to prove crucial for the expansion of value-based healthcare services market. According to a study by Future Market Insights (FMI), the market is projected to surpass US$ 2.09 Bn in 2021. Due to the pandemic as well as in general, numerous developed and developing countries have already invested in value-based healthcare services.

Government initiatives are pushing healthcare service providers to rely on value-based care which is further proliferating the need for value-based healthcare services. For many countries, value-based care is at the forefront of future medical regulations and treatments. For instance, the U.S. government is implementing a value-based care model across the country to treat the overall health of a patient rather than only reacting to symptoms of the disease.

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Proliferation of value-based healthcare services will be strongly related to its cloud-based deployment. As per FMI, the cloud-based deployment segment is expected to account for around 61% of global market and is anticipated to remain dominant throughout the forecast period.

Key Takeaways of Value-Based Healthcare Services Market Study

  • FMI has predicted the global value-based healthcare services market to rise at a CAGR of ~21% between 2021 and 2031
  • Backed by presence of highly advanced healthcare infrastructure, the U.S. is expected to account for 64% of sales in North America
  • Rising aging population will enable the U.K. exhibit 24.4% y-o-y growth in 2021
  • The demand for advanced healthcare services will boost growth opportunities in France and Germany
  • Government initiatives aimed at improving patient care will fuel demand in China, Japan, and South Korea

COVID-19 Pandemic Impact Analysis

Health concerns are increasing around the world and causing significant business impact due to the on-going COVID-19 pandemic —particularly when it comes to delivering healthcare services. Amid the COVID-19 outbreak, the demand for value based healthcare services has decreased in 2020. In response to the COVID-19 pandemic, cloud service providers are taking special measures to meet the customer demand for cloud usage, due to sudden shift to a remote-first workforce.

According to estimates, almost 70% CIOs agree “cloud services” would become a priority in 2020, and they expect to reduce on-premises workloads to 35% in 2021, as compared to almost 60% in 2019. With this trend to continue, pubic cloud services market revenue is estimated to increase by 1.6X during 2019-2021. Thus the value-based healthcare services market is anticipated to gain back its momentum by second half of 2021.

Assembled Deployment of Solutions to Enhance Market Attractiveness

Significant growth in the wearable devices market is expected to lead to greater opportunities for the integration of IoT in the healthcare sector to develop smarter solutions for patient monitoring and diagnostic purposes. The integration of other connectivity platforms such as Bluetooth, RFID, ZigBee, and HomeRF to connect IoT in healthcare to network infrastructure in households and workplaces.

This way, more IoT sensors in healthcare can be added to the system and remote access distance can be increased. A well-managed IoT services and solutions provider can focus holistically on a healthcare institution and deduce a suitable end-to-end approach. This approach can include device management, connectivity, network management, deployment, and logistics processes for the provider and present lucrative growth opportunities.

Who is winning?

Some of the leading players operating in the market are Deloitte, Siemens Healthcare GmbH, NextStep Solutions, McKesson Corporation, NextGen Healthcare, Genpact Limited, Athena Healthcare, Boston Consulting Group and others.

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Value-Based Healthcare Services Market by Category

Model

  • Accountable care organization (ACO)
  • Patient-centered medical home (PCMH)
  • Pay for performance (P4P)
  • Bundled payments

Deployment

  • On-Premise
  • Cloud

End User

  • Hospitals
  • Clinics
  • Insurance Companies
  • Government
  • Others

Region

  • North America
  • Latin America
  • Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa

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More Valuable Insights on Value-Based Healthcare Services Market

In its latest report, Future Market Insights offers an unbiased analysis of the global value-based healthcare services market, providing historical data for period of 2016-2020 and forecast statistics for the period of 2021-2031. To understand opportunities in the value-based healthcare services market, the market is segmented on the basis of model (Accountable care organization (ACO), Patient-centered medical home (PCMH), Pay for performance (P4P), Bundled payments), deployment (cloud, on-premise), end-user (hospitals, clinics, insurance companies, government, others) across six major regions.

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Marine Communication Market Is Expected to reach US$ 9,351.4 Mn by [2022-2032]

Marine Communication Market is forecasted to reach US$ 4,420.7 Mn by 2032 and exhibiting a remarkable 7.8% CAGR between 2022 and 2032. Growing focus on seamless and secure marine communication systems will propel innovation in the ensuing decade 2022-2032, with sales set to post strong gains in 2021, according to a latest study by Future Market Insights (FMI). The study tracks marine communication growth in high-growth markets, analyzing lucrative segments and strategies of key players.

2022 Market Value US$ 4,420.7 Mn
2032 Market Value US$ 9,351.4 Mn
CAGR% (2022-2032) 7.8%
Top 5 Vendor Market Share ~30%

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Key Takeaways

  • Maritime sat phone & internet devices segment is estimated to register a CAGR of 10.9% during the forecast period
  • Merchant ships segment will remain lucrative with a market share of 40.4% followed by fishing boats/vessels segment.
  • The rise in popularity of recreational boating is expected to increase the adoption of marine communication systems.
  • South Asia & Pacific marine communication market is set to register high CAGR, owing to the increasing demand of maritime digital data services in the region.

COVID-19 Impact Analysis

The effects of the coronavirus Covid-19 outbreak will extend well beyond health and the threat to human lives. There are already signs that the virus will significantly impact international trade and the shipping industry.

The epidemic has caused the shipping and maritime industry to face the worst circumstances as the workforce in these sectors has been shut down for the safety and prevention of the escalation of COVID-19. The market disruptions due to the coronavirus pandemic has resulted in 5%-7% Year on Year (YoY) decrease in annual maritime communication equipment’s in 2020.

However, amid the pandemic, various governments globally has continued to focus on developing and innovating marine communication technologies by launching advanced marine communication satellites for faster and reliable data transfer between shores and ships. For instance, on September 2020, China has launched its 3rd maritime satellite into space to carry out high-precision maritime environment monitoring. Thus, the continued innovation in maritime communication technologies has resulted in significant growth in the market.

Increasing Demand for VHF-based Data Exchange System

The VHF-based Data Exchange System (VDES) provides a robust and globally standard communication system for e-navigation. It supports the safety and efficiency of ship and shore operations. The reduced cost of deployment and improved communication is creating demand in various countries around the globe.

Moreover, marine electronic vendors are also focusing on offering cost-effective satellite-based communication. For instance, EGNOS, a European satellite-based augmentation service (SBAS), provides correction to GPS signals to increase the accuracy of position information. Thus, the demand for satellite-based communication system is driving the demand, and is fuelling the global marine communication market.

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More Valuable Insights on Marine Communication Market

FMI’s report on the marine communication market is segmented into four major sections such as product (marine radio devices (fixed-mount VHF marine radios, handheld marine VHF radios, MF/HF radios), Marine Multifunction Displays (MFDs), Automatic Identification Systems (AIS) (AIS transponders, AIS receivers), Vessel Monitoring System (VMS) Terminals, Marine Radars, VHF Data Exchange System (VDES), maritime sat phone & internet devices, others) services (consulting services, integration & installation services, and after-sales support & maintenance services), application (fishing boats/vessels, merchant ships, recreational vessels, working vessels, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and lucrative evaluate opportunities in the marine communication market.

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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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Visitor Management System Market Size to be worth US$ 4.4 Bn by [2022-2031]

The global market for visitor management systems is expected to reach US$ 1.20 billion by 2021, according to Future Market Insights. (FMI). The adoption of visitor management systems is rising due to the demand for paperless operations in enterprises. Visitor management software speeds automatic check-in and automatically registers the data, eliminating the need for logbooks and registers. When used on-site, digital badges take the place of printed or RFID cards and grant permission for internal access.

The cost of stationery purchases and a dedicated employee at the front desk to keep visitor information up to date are reduced with a visitor management system. Visitor management is growing in popularity since the system can authenticate visitors by issuing unique visitor ID and digital badges.

Banks and other financial institutions are expected to expand at a CAGR of 18.2% over the course of the anticipated year as a result of their emphasis on serving their customers and the large number of visitors they receive every day. The desire to conveniently organize and arrange visits is driving up demand for visitor management solutions.

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Key Takeaways: Visitor Management System Market

  •  The global visitor management system market is estimated to register a CAGR of 15.6% during the forecast period of 2021-2031
  • The U.S. will remain a highly lucrative market for visitor management system, accounting for 85% of the market in North America
  • The U.K. will exhibit 17.3% Y-o-Y growth in 2021, emerging as a key market for visitor management system
  • Germany and France will remain other lucrative pockets within Europe
  • Japan and South Korea will emerge as bright spots for market players in East Asia

COVID-19 Impact to be Positive for Visitor Management System Market

Businesses are accepting reality and changing their business models to take the COVID-19 pandemic’s consequences into account. Organizations are implementing cutting-edge technologies and a range of solutions to guarantee company continuity. Additionally, they are using visitor control software more and more. While being entirely responsible for the safety of its employees, visitors, and contractors, some businesses are now required to welcome additional guests and contractors into their property.

Business security is improved by visitor management software, which also warns of potential risks. It has been created to assist organisations in accepting full responsibility for safeguarding the safety of their personnel, facilities, and intellectual property.

FMI has projected the visitor management system market is estimated to grow around 13% to 15% Y-o-Y from 2019 to 2021.

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Who is Winning?

HID Global, Greetly, piLOBI, Ezy Signin, SwipedOn, Envoy, Proxyclick, Vizitor Inc., and Traction Guest are just a few of the major companies in this sector.

For instance, HID Global introduced HID Signo in March 2020 to make it easier for businesses to adopt and manage enhanced security requirements.

Visitor Management System Market Key Segments

Component:

  • Visitor Management Software
  • Services
    • Integration & Implementation
    • Consulting
    • Support & Maintenance

Platform:

  • Web-based (Desktop App)
  • Mobile App

End User:

  • Gated Communities
  • Corporate Offices
  • Healthcare Facilities
  • Hospitality
  • Academic Institutions
  • Real Estate Property
  • Others

Region:

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

Mobile Technology-based Cost-effective Visitor Management System for Smart Offices

By combining the capabilities of mobile technology with inexpensive WiFi modules, visitor management systems offer a practical technological solution for smart businesses. This is a cost-effective way to establish the system for controlling visitors in an office setting. The demand for mobile technology-based visitor management systems is being driven by the growing requirement for greater security and assuring health and safety. In order to send SMS and email notifications, record visitor information, and sign-in for guests and workers using an iPad, the web, or a mobile device, this system is also used.

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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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Data Center Market worth US$ 209.8 Billion by [2022-2032] at a CAGR of 7.5%

Future Market Insights (FMI) predicts that throughout the projected period, demand in the data centre power management market will grow at a strong CAGR of about 7%. (2022-2032).

Data Center Power Management Base year (2021) Market Value US$ 18,170.2 Mn
Projected year (2032) Value US$ 37,345.8 Mn
CAGR% (2022-2032) 6.9%
Top 5 Vendor Market Share Around 50%

According to the survey, by the end of 2022, the market is predicted to be worth US$ 19 billion. According to Future Market Insights, the market is developing as a result of the rising demand for data consumption per person around the world.

Data centres play a major role in modern civilization. The demand for data centres is rising globally due to the digitalization of the global economy and a significant shift toward cloud-based data storage.

There is an enormous amount of energy needed to run this network of data centres. As a result, the adoption of sustainable energy sources and an integrated approach to data centre power management are influencing the global market for this technology.

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Key Takeaways

Through 2032, the DCIM (data centre infrastructure management) software market is projected to expand at a strong CAGR of around 8%.
Between 2022 and 2032, the UPS (uninterruptible power supply) systems market is projected to expand at a CAGR of 8.3%.
The hyperscale data centres market, by data centre type, will increase at a CAGR of 9.0 percent by 2032.
Industry-wise, the BFSI segment will increase at the highest rate—a CAGR of 9.7%—between 2022 and 2032.
The data centre power management market is dominated by North America, but with a 9 percent CAGR, South Asia & Pacific will experience the fastest growth.
Tier-4 data centres will experience the highest growth, with a CAGR of 8.2 percent between 2022 and 2032.

“Demand for technologically advanced items is rising as a result of economic expansion in China, India, and other emerging economies. In order to grow their operations throughout Asia Pacific, data centre power management component manufacturers, distributors, and suppliers are likely to focus on these markets, according to an analyst at FMI.

By modernising existing data centres, hardware component demand will increase.
The market for data centre power management is expanding as a result of data centres being upgraded to increase their performance. Infrastructure, energy backup facilities like UPSs, and modifications to power distribution units are examples of such improvements.

Data centres are in greater demand as green infrastructures are being used more frequently. A clever automated system that monitors and manages support systems like cooling equipment, power backup, and distributes makes excellent use of electricity and hence decreases the consumption of electricity.

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Competitive Landscape

Both large- and medium-sized data centre power management players are present in the industry, which defines it. Leading companies are using a variety of techniques, including mergers and acquisitions, partnerships, and collaborations, to increase their client base. Government activities worldwide as well as the development of private data centres are opening up significant growth opportunities for new industry players.

For instance,

Eaton finished acquiring Tripp Lite in March 2021 in order to grow its power business in the Americas. The acquisition contributed to the expansion of single phase UPS business, the IT product line, and better services for its data centre clients. It also broadened the scope of edge computing.
ABB Ltd. announced the introduction of a cutting-edge UPS system in March 2020. The MegaFlex system has a 45 percent smaller environmental footprint, is resilient, and is compact in size. With high-efficiency converters, it provides decreased energy loss and sustainable power technology.

Key Companies Profiled

ABB, Eaton, Schneider Electric SE, DataSpan, Huawei Technologies Co., Ltd., Toshiba Electronic Devices & Storage Corporation, Bxterra Power Technology, Cyber Power Systems, Inc., General Electric, ZPE Systems, Inc., Aggreko, Sunbird Software, Inc., Elco Solutions, Socomec, Hewlett Packard Enterprise, Enlogic, Delta Electronics, Inc., Raritan Inc., Toshiba Electronic Devices & Storage Corporation

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More Valuable Insights on Data Center Power Management Market

The data centre substation industry research report from Future Market Insight is divided into seven main sections: component, data centre type (modular, colocation, cloud, edge, hyperscale, micro mobile data centre), data centre tier (tier- 1, 2, 3, 4), installation type (new installation, retrofit/upgrade), end-user (cloud providers, colocation), and

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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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2030 Market Outlook for DC-Powered Servers: Current and Future Industry Landscape Analysis

The global DC powered servers market report published by ESOMAR-certified Future Market Insights (FMI) estimates a healthy growth trajectory, expecting the market to reach US$ 3.2 Bn by 2030. Demand is largely underpinned by mushrooming developments across the global 5G infrastructure and cloud computing domains respectively.

As the global internet infrastructure witnessed credible gains, prospects abound across the telecom segment, which, according to FMI, is likely to expand at an annual growth rate of nearly 10% by 2021-end. High electricity and power consumption levels across this domain are spurring leading vendors to provide efficiency-enhancing DC-powered servers, creating a plethora of opportunities across the global market.

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Since the onset of the coronavirus pandemic, rising incidences of potential data breaches have compelled organizations to invest in high-quality security platforms. Even prior to the pandemic crisis, instances of data breaches were already rising. Security solutions provider Norton registered a 54% increase in reported breaches in 2019. Hence, government initiatives to curb such instances have heightened growth prospects, with Future Market Insights predicting a valuation of over US$ 200 Mn by 2021-end.

Key Takeaways

  • Global DC powered servers market to expand at a staggering 8.2% value CAGR through 2030
  • Rackmount servers to hold leading market share, blade servers acquiring substantial momentum
  • By power rating, 48V DC power servers to experience double-digit annual growth
  • Data centers to remain primary application area, followed by IT Enterprises, collectively expanding at a Y-o-Y rate exceeding 13% by 2021-end
  • India to emerge as a highly lucrative market, expanding at over 16% CAGR through 2030

Competitive Landscape

As per FMI’s report, prominent powered server providers include Dell Technologies, IBM Corporation, ABMX Servers, Lenovo, Intel Corporation, Perle Systems, Vertiv, Cepoint Networks LLC, HPE and Island Computers US Corp. These players are focused on strengthening their innovative capacities to dole out sophisticated products by undertaking intense R&D initiatives and capacity expansion programs.

In January 2020, for instance, HPE launched a new Customer Experience Center (CEC) in Bengaluru, India, to offer cutting-edge IoT solutions to customers and partners from various industries, which is expected to act as a catalyst for further powered server market expansion.

Established players, such as ABMX Servers, have diversified their product portfolios tailor-made to suit different server requirements. The company’s offerings include custom servers (1U, 2U, 3U & 4U), storage servers (JBOD expansion, SSD storage, iSCSI SAN & NAS) and supermicro servers (SuperServers, Twin Servers, Blade Servers and Micro-Cloud) respectively.

Also, Perle Systems markets the IOLAN Console Server comprising of 18, 34 or 50 Console Management Ports, modular designs which support RS232 RJ145 and USB 3.0 interfaces, a built-in centralized management software which consolidates network and IT infrastructure in a single application and an optional integration of 4G LTE Cellular, Wi-Fi or V.92 modem for multiple alternate access methods during network downtime.

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More Insights on FMI’s DC-powered servers Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global DC powered servers market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the DC powered servers market on the basis of type (DC powered rackmount server, DC powered tower server and DC powered blade server), power rating (12 V DC Power, 24V DC Power and 48V DC Power) and application (telecom, data centers, IT enterprises, government, energy & utilities, and others) across six major regions.

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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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Bamboo Products Market Demand is Expected to Rise Primarily due to Rising Demand| Future Market Insights (FMI) Analysis

The worldwide bamboos Products market will grow at a high double-digit CAGR from 2022 to 2029, reaching a value of US$ 12 billion in 2029.

Demand for bamboos is expected to rise primarily due to rising demand from key end-use sectors such as paper & pulp, building & construction, textile, and wood. According to a new Future Market Insights (FMI) analysis,

Bamboo is a multi-purpose forest product that is important in both residential and industrial economies around the world. Due to its availability and versatility, bamboo and bamboo-based products are utilised for a wide range of interior and outdoor applications.

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Key Takeaways – Bamboos Market Study

The pulp & paper end-use industry segment in the global bamboos market is witnessing high growth, and is expected to follow the same trend over the forecast period owing to utilization of bamboo as a raw material in the production of paper & pulp.

Bamboo produces about 35% more oxygen as compared to other trees. Additionally, its biomass is an efficient and cheap fuel for power generating units. As a result of this, the power sector is focusing on bamboos as a source of fuel for power generation.

Asia Pacific (APAC) is expected to maintain its dominance in the global bamboos market throughout the forecast period in terms of volume as well as value. This can be mainly attributed to the growing construction industry in China and India, supported by surging infrastructural investments. APAC has more than half of the total bamboo species available in the world.

Thriving penetration of green building technologies is supporting the demand for bamboos due to utilization in construction of scaffolding. Moreover, there is a continuous demand for bamboo furniture, plywood, and outdoor decking in various countries.

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Who Is Winning the Bamboos Landscape?

The global bamboos market is fairly fragmented, with small- and medium-scale enterprises accounting for major market share in the global market. Some of the key market players included in the report are Moso International B.V., Bamboo Village Company Limited, and Shanghai Tenbro Bamboo Textile Co. Ltd.

New product launches and developments are some of the key strategies adopted by market players to retain their position in the global bamboos market. The companies are engaged in continuously participating in different events, conferences, tradeshows and seminars to market their newly launched products across the globe.

Bamboos Market – Regional Analysis

High growth in construction, pulp & paper, and furniture industries is expected to be a key driving factor for bamboos market growth. China is a large exporter of processed bamboo products such as bamboo plaiting, bamboo shoots, bamboo panels, wood charcoal of bamboo, etc., whereas countries such as the U.S., Canada, and other European countries where very small bamboo resources are available import bamboo products requirement from other bamboo-rich countries.

Know More About What the Report Covers

FMI, in its new research report offers an unbiased analysis of the global bamboos market, presenting historical demand data (2014-2021) and forecast statistics for the period 2022-2029. The study reveals insights on the bamboos market and covers market dynamics, market share analysis, pricing analysis, and channel partners involved in the bamboos market value chain.

Readers can also find key trends and market growth scenarios based on end-use industry and regions such as North America, Latin America, APAC, and Europe and Middle East & Africa (EMEA).

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Bamboo Products Market By Category

Product Type:

  • Lifestyle Products
  • Furniture
  • Home Décor Items
  • Kitchenware & Cutlery
  • Personal Accessories
  • Yarn & Textiles
  • Educational and Recreational Products

End-User:

  • Personal and Residential
  • Commercial
  • Industrial and Infrastructure

Sales Channel:

  • Online
  • Offline

Region:

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

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Vegan Footwear Market Expected to Grow at an Annual Rate of 8.0% from 2022 to 2030 | FMI

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

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

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

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

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

Rising Demand for Eco-Friendly Shoes Causing Sales Uptick

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

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This is seen as a key strategic move among companies to retain existing consumers and attract new ones. Some of them are even reviewing their pricing strategies to gain better traction.

While demand for eco-friendly products will remain the chief growth driver, expansion of the market will remain subdued amid the ongoing pandemic. The unprecedented COVID-19 outbreak has caused significant disruptions in supply chain, compelling brands to focus on leveraging their online presence.

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

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

Who is winning?

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

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

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

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Get Valuable Insights into Vegan Footwear Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global vegan footwear market, presenting historical demand data (2015-2021) and forecast statistics for the period from 2022-2030.

The study divulges compelling insights on the vegan footwear market based on the product type (shoes, sneakers, boots, sandals, heels, loafers, and others), material type (microfiber, polyurethane (PU), recycled plastics, recycled polyester, cotton, natural rubber, hemp, others), end-user (men, women, and kids), pricing (mass/ economic, premium) and sales channel (direct, indirect {hypermarkets/supermarkets, specialty stores, multi-brand stores, independent stores, convenience stores, online retailers, and other sales channel}) across all major regions.

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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.

Contact:

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Assistive Mobility Device Market will See a Strong CAGR of 6%, Rising to US$ 19 Bn by 2030 | FMI

The personal mobility devices market is currently valued at around US$ 12 Bn, and to rise at a CAGR of 6% between 2020 and 2030. The market is expected to witness high demand for canes, crutches, wheelchairs, and other devices. Besides this, experts at FMI forecast the sales of mobility scooters to surge, driven by the increasing demand for innovative modes of transport.

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

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

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

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

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

Who is winning in Personal Mobility Devices Market ?

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

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

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

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

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Personal Mobility Devices Market Key Segment

Product Type

  • Walking Aids
  • Mobility Scooters
  • Medical Beds
  • Wheelchairs
  • Others

End-user

  • Hospitals & Clinics
  • Long Term Care Centres
  • Households
  • Others

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Sales Channel

  • Wholesalers/Distributors
  • Online Retailers
  • Multi-brand Stores
  • Specialty Stores

Region

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

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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.
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T: +1-845-579-5705
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Digital Commerce Platform Market will reach a value of US$ 7.85 Bn by [2022-2029] at a CAGR of 12.6%

The Digital Commerce Platform Market growing at an exceptional CAGR of 12.6% during the forecast period 2022-2029, with a valuation of US$ 7.85 Bn by 2029. Over the years, e-commerce has made significant strides, with consumers spending over US$ 3 trillion on online purchases as of the previous financial year. This number has expanded nearly sevenfold as of today. This is a welcome development for prominent digital solution platform providers in the coming years. Of specific importance is the emergence of subscription-based e-commerce platforms, particularly in the media & entertainment segment, is generating lucrative expansion opportunities.

Digital Commerce Platform Market Size (2022) US$ 3.41 Bn
Sales Forecast (2029) US$ 7.85 Bn
Global Market Growth Rate (2022 to 2029) 12.6% CAGR
Share of Top 5 Market Players 50%

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Key Takeaways

  • Design & implementation services to register maximum incline by component type
  • High uptake is likely across small & medium enterprises, expanding at over 14% volume CAGR through 2029
  • Consumer electronics sales to witness maximum expansion, followed by fashion & apparel products
  • North America to remain the dominant digital commerce market, East Asia to expand the fastest

COVID-19 Impact Analysis

As the COVID-19 pandemic tightens its grip on the global economy, businesses are increasingly relying on virtual platforms to conduct their operations. Since the pandemic’s onset, global e-commerce sales figures have been aggrandized. The United States, for instance, is likely to experience over 40% e-commerce by 2020-end.

The overall impact of the pandemic crisis is highly diffused. While categories such as ICT/electronics, pharmaceuticals, PPE and groceries have surged, segments such as sports equipment, formal clothing and travel & tourism have witnessed a substantial decline. In South Korea, e-commerce transaction value rose by nearly 16% between July 2019 and July 2020.

The trend of online buying is expected to outlast the COVID-19 pandemic, with consumers finding it highly convenient to make online purchases and greater access to internet devices. Although vaccine administration has begun, it will be a while before it is available globally, prompting consumers to observe social distancing protocols.

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Competitive Landscape

Leading players in the global digital commerce platforms market are leveraging the ever expanding global virtual space to introduce technologically sophisticated solutions to potential clients. These players offer both B2B and B2C solutions to retain a broader customer base.

For instance, in July 2020, Unilog Content Solutions announced a partnership with Acumatica to offer the Acumatica Marketplace platform through which reselling partners can avail access to complimentary applications to enhance functionality of B2B e-Commerce solutions.

Similarly, in October 2020, Kentico Software launched the Kentico Xperience 13 digital experience platform for marketers and developers with new updates and features. The release is part and parcel of its rebranding of the Kentico EMS product to enhance content management, commerce and digital marketing capabilities.

More Valuable Insights on Digital Commerce Platform Market

In its latest report, Future Market Insights offers an unbiased analysis of the global digital commerce platform market, providing historical data for period of 2014-2018 and forecast statistics for the period of 2022-2029. To understand opportunities in the digital commerce platform market, the market is segmented on the basis of component (solution, services), enterprise size (small and medium enterprises, large enterprises), and end-use industry (food & beverages, fashion & apparel, health & beauty, electronics, home & furniture, automotive, media & entertainment, others), across seven major regions.

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.

Contact:                                        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/digital-commerce-platform-market
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