Market Research Blog – Page 10609 – New Product Development

Size of India Medical Tourism Market to Reach a Valuation of US$ 7,417 Mn in 2022 | FMI

The India medical tourism market size is estimated to reach a valuation of US$ 7,417 Mn in 2022. The market is projected to increase at a CAGR of 19% during the forecast period.

India’s medical tourism is forecast to grow at an exponential rate during the forecast period. Multiple external and internal factors ranging from government policies to quality of stay positively impact the India medical tourism market outlook.

The emergence of high-quality infrastructure in the country has facilitated the growth of the medical tourism market. The increasing number of internationally accredited hospitals in India, along with the high quality of expert surgeons and doctors, propel the India medical tourism market share.

The low cost of consultation, accommodation, treatment, medicines, and surgery make India one of the most affordable options for availing healthcare services, setting new India medical tourism market trends and opportunities.

The quality of the procedure matches up to the top facilities available in developed nations, while being very affordable compared to developed nations like the US. Government schemes and interventions have also had a positive impact on the overall growth of the Indian medical tourism market.

Availability of medical visas under the e-visa section, offering long-term visas for an extended stay, official guidelines, and organizing campaigns like ‘Heal in India’ are some of the positive government interventions which are elevating the Indian medical tourism market share.

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Wellness services like yoga and meditation have also been popular among tourists visiting India for medical reasons. ‘Ministry of Ayush’ established in 2014, regulates all the affairs related to alternative treatments and wellness sector in the country.

The ministry has also been working on promoting these services among the visiting tourists, while providing official guidelines and platforms for the firms operating within the sector, improving India’s medical tourism market statistics.

“Positive government intervention and co-operation of different departments are required to ensure the smooth and healthy growth of the India medical tourism industry. “-Says an FMI analyst.

Key Takeaways:

The India medical tourism market is expected to have a CAGR of 19% through 2032.
Top Players had an India medical tourism market share of 3%-8% in 2021.
India accounts for between 4%- 8% of the world’s medical tourism market in terms of total demand.
Due to the high level of healthcare offered in both regions, Maharashtra and Tamil Nadu continue to rank as two of the most popular states in the nation for medical tourism.
Independent traveling is leading in the India medical tourism market due to increasing ease of availing facilities.
Online booking is the preferred booking channel in the India medical tourism market.

Competitive Landscape:

Leading players of India medical tourism are focused on providing the consumers with a luxury stay and the utmost high-quality treatment. The key players have also focused on increasing their network of hospitals and doctors to provide a holistic experience for their consumers.

Major players present in the India medical tourism market are WorldViewer Dot Com (India) Pvt. Ltd., Top Travel & Tours Pvt. Ltd., eLand Holidays Pvt. Ltd, ToursinIndia Tourist Agency, Forerunners Healthcare, Vaidam Health, Top Indian Holidays Pvt. Ltd., Dynasty Tours & Travel., CredihealthPvt. Ltd., ClinicSpots, MediConnectPvt. Ltd., Medmonks Medicare Pvt Ltd., Mediniq Healthcare Pvt. Ltd., Global Treatment Services Pvt Ltd, and FrontEnders Healthcare Services Pvt. Ltd.

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Recent Developments:

Fortis Healthcare Group, with a chain of 29 hospitals in India, has started offering its own consultation packages for foreign medical patients seeking treatment.
Indian insurers ought to make a serious effort to market their health plans to foreigners. An additional $9 billion in premium and patient influx to India could result from this.

India Medical Tourism Market by Category

By Treatment Type:

Dental Treatment
Cosmetic Treatment
Cardiovascular Treatment
Orthopedic Treatment
Neurological Treatment
Cancer Treatment
Fertility Treatment
Others

By Services:

Wellness Services
Therapeutic Services

By Tour Type:

Independent Traveler
Tour Group
Package Traveler

By Consumer Orientation:

Men
Women
Children

By Age Group:

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

By Booking Channel:

Phone Booking
Online Booking
In-Person Booking

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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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Size of New Zealand Sports Tourism Market is Expected to Reach at a US$ 4,585 Mn in 2022

The New Zealand sports tourism market size is estimated to reach a valuation of US$ 4,585 Million in 2022. Sales are projected to increase at an 8% CAGR, with a historic CAGR of 7.7% from 2017 to 2021.

Governments recognize the demand for New Zealand sports tourism not just as a source of revenue, but also as a tool for promoting communal cohesion.

Further, the New Zealand sports tourism market is following various promotional activities such as direct marketing, sales, and discounts, offering free giveaways, hosting an event, and many other activities to promote their services in order to increase value for customers and increase sales leading to New Zealand sports tourism market growth.

As the majority of potential customers are millennial who spend the majority of their time on the internet using search and social media, having an online presence will certainly increase the business’s value boosting the New Zealand sports tourism market key trends and opportunities.

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Offering contactless payment methods may be perceived as a need rather than a luxury by many customers and staff who loathe dealing with cash influencing the New Zealand sports tourism market future trends. As a result of the Covid outbreak, many people in the New Zealand sports tourism market have started to employ contact payment systems.

Key Takeaways:

In terms of tour type of New Zealand sports tourism market, the package travellers are estimated to account for the relatively highest New Zealand sports tourism market
By booking channel, the online booking segment is anticipated to hold a major New Zealand sports tourism market
The travellers prefer online booking rather than opting for personal booking as online booking is feasible and even the tour operators give discounts on booking online affecting the New Zealand sports tourism market opportunities.
In terms of age group, demand in the 26-35 segments will continue gaining traction through 2032 positively impacting the New Zealand sports tourism market trends.
Based on tourist type of New Zealand sports tourism market, the domestic tourist segment will remain high over the forecast period.

“A drive from consumers for more genuine experiences, such as the experiencing the sports events in a realistic way, especially among the sports enthusiasts after the COVID period is expected to rise in forecast period” – Says an FMI analyst.

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Impact of COVID-19 on the Market

The impact of COVID-19 on all the sectors of the New Zealand tourism industry, including New Zealand sports tourism market, has been dramatic. Many of the local, national and international games have been cancelled or have been taking place in various social restrictions like a limited number of seating.

Various other Outdoor activities and programs have also been cancelled due to travel restrictions. But, since few forms of sports tourism activities, such as outdoor recreation, are alternatives to mass tourism, they are predicted to grow in the New Zealand sports tourism market future trends.

Moreover, the closing of public places and tourism activities as a result of the pandemic resulted in the New Zealand sports tourism market complete collapse during the crisis.

However, in light of this situation, players are now focusing on promoting and revitalizing their businesses through a variety of strategies, such as the development of online platforms and the provision of high-quality tourism services, as this allows them to reach a larger consumer base at a lower cost.

Who is winning?

Leading New Zealand sports tourism market manufacturers are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of sports tourism in New Zealand.

Major players present in the New Zealand sports tourism market are HAKA SPORTS TOURS, Sportsnet Holidays, Williment, All Blacks Tours, Dragonfish, Estilo Sports Travel, Exodus Travels, G Adventures, World Expeditions, Real New Zealand Tours Limited, and Intrepid Travel.

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New Zealand Sports Tourism Market by Category

By Sports Type:

Football/ Soccer
Cricket
Motorsport
Basketball
others

By Sports Tourism Type:

Sports Event Tourism
Nostalgia Sports Tourism
Active Sports Tourism
Passive Sports Tourism

By Consumer Orientation:

Men
Women
Children

By Booking Channel:

Phone Booking
Online Booking
In-Person Booking

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveler
Tour Group
Package Traveler

By Age Group:

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

By Region:

Oceania

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Market of Centrifugal Pumps In India Is Expected To Account For Over 30% Of The South Asia And Pacific Market Through 2031

India is predicted to remain one of the most attractive markets during the forecast period. According to the study, India is expected to account for over 30% of the South Asia and Pacific market through 2031. There are many small to medium enterprises in the country which manufacture pumps for varied applications. Industries such as chemical, water, and wastewater in India create significant demand for these pumps.

Global sales of centrifugal pumps are set to be valued at over US$ 29 Bn in 2021, at a CAGR of 4.6%, from an estimated USD 24.3 billion in 2021. Increasing investments in construction industry attributing to rapid urbanization, and high demand for centrifugal pumps in the agricultural sector are the key factors driving the growth of the centrifugal pump market.

FMI predicts healthy growth in the oil and gas industry, particularly in economies such as China, U.S., the Middle East, and Africa. Centrifugal pumps are important for ensuring accurate and repeatable transportation and pumping operations in the industry. As a result, the rise in oil and gas sector activities around the world is driving demand for centrifugal pumps.

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Manufacturers need to evaluate life cycle costs and facilitate smart buying decisions. Centrifugal pump manufacturers need to analyze cost of energy and return of investment for centrifugal pumps compared to purchase and installation costs.

The presence of numerous Chinese players offering low-priced centrifugal pumps acts as a restraint to most regional and global players. Increasing price pressure from these players is influencing key suppliers to offer high-quality, reliable, efficient and technologically-advanced centrifugal pumps at competitive rates.

Global demand for centrifugal pumps is directly correlated to infrastructure development activities worldwide. Governments of developing countries such as China and India are focusing on urbanization, which in turn is anticipated to fuel demand for centrifugal pumps particularly in domestic, Water and wastewater treatment industries.

Key Takeaways from Centrifugal Pump Market Study

Multi stage pumps are expected to hold over 50% of the global market share, supported by heavy duty requirements of the oil and gas sector.
Water and wastewater applications are projected to hold over a third of the overall market share by 2031-end, aided by infrastructure investments in emerging economies.
The market in the South Africa is projected to expand at a CAGR of around 5%, while that of Mexico accounts for approximately 4%, through 2031.
The markets in India and South Korea are set to surge at higher than 5% CAGR over the coming decade.
Germany will hold the lead in Europe with a valuation of over US$ 1.2 Bn in 2021. Major investments in the natural gas sector will provide impetus.

“Developing nations are exhibiting high demand for centrifugal pumps for industrial and commercials applications, driven by rising investments into water and wastewater infrastructure by governments. This will enable growth in the overall market through 2031,” says a Future Market Insights analyst.

Centrifugal Pump Market Competitive Landscape

The centrifugal pumps market is highly consolidated, with key players accounting for more than four-fifth of the market share. These players are likely to invest in technology developments and the expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Ebara Corp., Xylem Inc., Sulzer AG, KSB Group, Flowserve Corp., and Kirloskar Brothers.

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Find More Valuable Insights in Centrifugal Pump Market

The research report analyzes demand for centrifugal pump. The global centrifugal pump market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the market has been analyzed on the basis of product type, application, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

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Phone Tripod Market Size, Growth, Analysis by Product and the Forecast Period of 2030

A YouTube vlogger or even Netflix-enthusiast, having a smart phone tripod at-the-ready makes the experience worthwhile. Tripod has become an accessory that provides stability, and allows the camera to be hands free. Moreover, the tripod’s ball head allows any adjustment in the angles as well. All of these factors resulting in a phone tripod being an extremely versatile tool and a standard part of any photographer’s arsenal.

Though a phone tripod is not an absolute essential gear, it opens a lot of innovative ideas within photography. For example, the standard shutter speed is about 1/60th of a second and to get much lower than that, motion blur may be visible because it is rarely such that a person’s hand is solid steady.

With a phone tripod in hand, blurry photos are no more a concern. The three-legged tool is a pre-requisite for any type of long exposure photography. A major avenue of phone tripod is in travel photography.

Global Phone Tripod Market: Market Dynamics

Drivers for Phone Tripod Market

The ratio of travelers to non-travelers has tilted to travelers’ side, globally. This implies that people have taken to travelling as a favorite thing-to-do; be it a weekend tripping or foraying into recreational camping and leisure activities. The need for adventure has increased considerably among people, and so has the intent to capture these memories.

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Tripods make it easy and comfortable to take long-exposure photographs. Without a mobile tripod, it is quite inconvenient and difficult to take a long exposure on a phone. Thereby locking away all kinds of exquisite photo opportunities, be it astrophotography or light painting.

In many low-light situations, exposing the photo for longer will brighten the picture enough to make it easily visible without ruining the shot with too much light. Phone tripod manufacturers are making innovative products which turn out to be better for people to enhance their experiences and lead to convenience, thus driving the phone tripod market.

Trends for Phone Tripod Market

Today selfies make up a significant percentage of photos taken on phones. In cases where classic selfie look is to be ditched, giving an impression of being photographed by a personal photographer or some friend, one can prop that phone on a tripod and make use of the timed picture function or even the wireless shutter remote.

Tiktok fever was just round the corner, and people have very much benefitted with the ready availability of a steady camera source; a phone tripod. Many tripods come with a facility to facilitate smooth and easy movement that can be restricted to a single plane.

Opportunities for Phone Tripod Market

The best iPhone tripods and smartphone supports are small, quick and simple, opening up new shooting opportunities; more so in the Covid-19 lockdown situation. Digital transformation has gripped the society all over the globe and a more pocketable and portable version of phone tripods is being sought after by the customers.

Challenges for Phone Tripod Market

A challenge to the fast-moving phone tripod market is the fact that it needs to be carried while travelling or otherwise where needed. These tripods are inherently bulky, though the phone tripods are a bit handy and small but quality ones are still inconveniently large.

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A few offerings avoid this by using telescoping tripod legs that stash inside of themselves, as well as tripods made of light but sturdy materials such as carbon fiber and aluminum. However, these tripods still take up an excessive amount of space or weight.

Global Phone Tripod Market: Key Players

The key players in the phone tripod market are

Lino Manfrotto
SLIK Corporation
Benro
Canon Inc.
Samsung
Nikon

Majorly, companies are focusing on technological advances around the product’s development. For instance, Benro launched The Benro ArcaSmart70, which is designed to help simplify the switching between a phone and camera.

It is an ingenious solution and works as an Arca-Swiss compatible quick-release tripod plate that sits under the DSLR or mirrorless camera. However, in the need for using smartphone, the 70mm plate unhinges to become a smartphone holder, which can then slot into the usual tripod.

Phone Tripod: Regional Outlook

A considerable section of the population in US is technology-freak, and avid traveler; keeping up the global phone tripod market in a high. Mobile phone accessories are a booming business in Asia-Pacific.

This growth trajectory is driven by the rising demand for portable and wireless devices in these regions, stoked by diligent marketing via social media. The Covid-19 pandemic, has depressed manufacturing as well as R&D for the accessories industry as a whole, however, the popularity and demand have not been subdued. In fact, by way of video chatting, a social media interaction, for anything the popularity is not fading anytime soon.

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Global Phone Tripod Market: Market Segmentation

Basis of Type:

Traditional
Tabletop

Basis of Sales Channel:

Specialty Stores
Online Retailers
Department stores
Supermarkets/ Hypermarkets
Other Sales Channels

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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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Chip-on-the-Tip Endoscopes Market by Technology, Demand & Geography – Analysis & Forecast to 2028

In order to identify disorders and choose the best course of treatment, visualisation is essential in medical diagnosis. Endoscopes have been around for a very long time, but chip-on-the-tip endoscopes have entered the market and changed the endoscopy process. A chip-on-the-tip endoscope is a handheld tiny instrument with a camera located, as the name implies, at the end. These cameras create a three-dimensional image that is sharper and has higher pixel quality, which helps with accurate depiction of the internal organ architecture. With the smallest possible incision in the body and high-resolution footage on the screen to help the surgeon, chip-on-the-tip endoscopes enable minimally invasive procedures. Microelectronics advancements and small image sensors have made chip-on-the-tip endoscopes a reality. In contrast, chip-on-the-tip endoscopes enable rapid diagnosis.

Chip-on-the-Tip Endoscopes: Market Dynamics

The key factors contributing to the growth of the global chip-on-the-tip endoscopes market include rising adoption of chip-on-the-tip endoscopes for diagnostic applications, increasing application in minimally invasive surgeries. Availability of high-resolution and high-dimensional visualization equipment such as camera lens and HD-screens also propel the demand for chip-on-the-tip endoscopes. The rising awareness about minimally invasive surgeries and better patient outcome also contribute to the expansion of chip-on-the-tip endoscope market. Precise navigation and visualization which is essential in microsurgeries at complex structures is attained with the chip-on-the-tip endoscope future fueling the market. The expensive nature of the device can be considered as a restraint for adoption of the endoscopes.

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Chip-on-the-Tip Endoscopes: Overview

Exponential growth in the chip-on-the-tip endoscope market is estimated due to increasing technological advances in high-dimensional real-time visualization technology. The expansion of the concerned market is also largely dependent on the increasing number of endoscopic and minimally invasive surgeries performed. Based on the product type, chip-on-the-tip endoscopes market has been segmented into rhinoscopes, laryngoscopes, bronchoscopes, gastroscopes, colonoscopies, arthroscopes, ureteroscope and others. Single-use segment holds a maximum share of global chip-on-the-tip endoscopes market on the basis of usage. The end users of the device are segmented as hospitals, diagnostic/imaging centers, ambulatory surgical centres, endoscopy facilities and clinics.

Chip-on-the-Tip Endoscopes: Region-wise Outlook

On the basis of geography, the global chip-on-the-tip endoscope market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa.The North America market holds the largest revenue share, rising adoption of the chip-on-the-tip endoscopes for diagnostic applications as well as endoscopic surgeries and high healthcare expenditure in North America. Europe accounts for the second large revenue share in the global chip-on-the-tip endoscopes market, owing to increasing adoption of the device, presence of many manufactures and improved healthcare facilities. Asia Pacific is predicted to witness rapid growth, owing to increasing technological advances are presence of local manufacturers. China is expected to register significant growth, owing to numerous players in the market and adoption of latest technology by the end users. Latin America and Middle East & Africa are projected to exhibit slow growth in chip-on-the-tip endoscopes market, owing to the high cost nature of the product.

Chip-on-the-Tip Endoscopes: Key Players

Examples of some of the key players present in the global chip-on-the-tip endoscopes market are Olympus Europa SE & Co. KG, Fujifilm, Serwell Medi Equip (P) Ltd, HOYA Corporation, Physik Instrumente (PI) GmbH & Co. KG, JEDMED, Amico Group, Happersberger otopront GmbH, Karl Storz SE & Co. KG, Ambu A/S, TOSHIBA CORPORATION, LLT MEDICAL, OmniVision Technologies, Inc., Boston Scientific Corporation among others.

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The report covers exhaustive analysis on

Market Segments
Market Dynamics
Market Size
Current Trends/Issues/Challenges
Competition & Companies involved
Value Chain

The regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
The Middle East and Africa (GCC, S. Africa, N. 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, macroeconomic 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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Chip-on-the-Tip Endoscopes: Segmentation

The global Chip-on-the-Tip Endoscopes market is segmented on basis of product type, application, end user and geography.

Segmentation by Product Type

Rhinoscopes
Laryngoscopes
Bronchoscopes
Gastroscopes
Colonoscopes
Arthroscopes
Ureteroscope
Others

Segmentation by Usage

Single use
Reusable

Segmentation by Visualization

Segmentation by End User

Hospitals
Diagnostic/ Imaging Centers
Ambulatory Surgical Centers
Endoscopy Facility
Clinics

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Canopy Beds Market Key Players, Growth, Regions and Forecast to 2030

Canopy beds have forever been the mark of comfort and sophistication. Originally canopy beds intended to provide warmth and offer privacy. The ongoing trend however, reflects canopy beds offering sumptuous design.

The advantage of canopy beds is that they blend in any interior design style, and fits perfect for classic and modern bedrooms as well. However as a matter of fact, canopy beds look best in rooms with high ceilings, as they give the room a look of grandeur. 2019 has witnessed canopy beds as being the go-to bedroom interior design and amidst a hectic lifestyle; the four-poster bed creates a luxurious and relaxing retreat.

Global Canopy Beds Market: Market Dynamics

Drivers for Canopy Beds Market

Home remodeling and interior decorations have become a trend, predominantly within the developing regions. Home decor for bedroom has a changed pattern, wherein it is more of a relaxed space. Interior decorating and home conceptualization is increasing and to give the bedroom elegance and comfort, people are tuning towards trendy and fashionable canopy beds. Gone are the days where home was just a place to reside, nowadays, home is a reflection of mood, style and comfort.

Additionally, social media influence has resulted in redefining the home styling trend and has resulted in excessive emphasis on home decor. Interior styling has gained prominence and bedroom styling is a prime deal, especially with young girls; thereby driving the global canopy beds market.

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Trends for Canopy Beds Market

Canopy beds have returned to glamour, mostly because of its inclusion in the commercial spaces, primarily the hotels and resorts focusing on honeymoon trips. Exquisite decor, comfortable space and utmost relaxation, along with privacy are the deal breakers in a renting space for honeymoon. Hotels and resorts offer canopy beds, and the preference for this room view has increased interestingly. Considering the fact that hotels and resorts for holiday booking have an uptick for comfort and relaxation, canopy beds are trending.

Opportunities for Canopy Beds Market

Canopy beds have utilitarian value itself, offering an opportunity for increased demand in space-crunched houses. Another major factor is the introduction of Disney canopy beds for children. Canopy beds have long been established as an effective repellent against mosquitoes, at least to some degree. Nowadays, there is even a market specifically for those seeking protection against bed bugs. However, while many companies offer curtains and canopies that keep bed bugs at bay, there is no guarantee for complete eradication of the bugs.

Wooden canopy beds are heavier and more difficult to care for than metal canopy beds, which rules out the demand for wooden beds for residential purpose. However, metal canopy beds are relatively light and low-maintenance and furthermore more cost-effective.

Challenges for Canopy Beds Market

A major challenge regarding the canopy beds market is that it requires a little more maintenance as compared to standard bed frame. Firstly, dust tends to collect on the top beams, which demands regular cleaning. Second, canopy beds require a minimum of a foot space in between the ceiling and the posters. A canopy bed is not ideal for smaller spaces or for spaces with low ceilings, where a canopy bed might make a room feel cramped.

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Global Canopy Beds Market: Key Players

The key players in the canopy beds market are

Altrenotti
AFK
Atelier Lilu
BONALDO
Clei
DE BREUYN
Dear snc dei F.lli Pozzi
Doimo City Line
GRUPO CONFORTEC
LIFETIME Kidsrooms
Noctis
Paidi
Pensarecasa.it
Scandola
V.&NICE
VAMA Divani,
Charles Rogers.

The canopy beds market is highly fragmented and provides market space to new entrants offering product innovation.

Canopy Beds Market: Regional Outlook

Global canopy beds market is led by Europe, while it witnessed a surge in the North America and Asian countries. South-east Asian countries are benefitting from the increased inflow of tourists for honeymoon vacations, thus generating a majority of the demand for canopy beds.

The canopy beds market in developing regions is unorganized and offers scope for new companies to flourish and consequently result in an increasing market within the region.

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The Report Covers Exhaustive Analysis On

Canopy Beds Market Segments
Canopy Beds Market Dynamics
Canopy Beds Market Size
New Sales of Canopy Beds
Current Trends/Issues/Challenges in the Canopy Beds Market
Competition & Companies Involved in Canopy Beds Market
New Technology for Canopy Beds
Value Chain of the Canopy Beds Market

Regional Analysis Includes

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, Italy, France, U.K, Spain, Poland Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The global canopy beds market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts 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 segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

Canopy Beds Market: Market Segmentation

Product Type:

Contemporary
Traditional
Classic

End-use:

Residential
Commercial

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Lead Acid Battery Market Size Predictions : US$ 90.5 Bn by 2031

The global sales of lead-acid batteries are set to be valued at over US$ 54.3 Bn in 2021, with a stable long-term projection, according to the latest insights by Future Market Insights (FMI). The report has forecasted the market to expand at over 5.2% CAGR between 2021 and 2031.

There also is an increasing demand from other industries for the deployment of lead-acid batteries. An increasing number of players focusing on research and development related to lead-acid batteries is anticipated to have a significant contribution to market growth in the years to come.

The call for lead-acid batteries is increasing with the rise in the volume of the car fleet in the latest years. This may be attributed to an increase in aftermarket income in normal interims for battery replacement.

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The growing requirement has led to mass production and has increased the importance of process automation in the lead-acid battery market. The market is shifting towards industry 4.0 s, leading to the universal adoption of new production technologies.

Key Takeaways from Lead Acid Battery Market Study

The flooded battery is projected to hold over 49% of the global market share in 2021 in terms of product type, supported by superior configurations.
Transportation is projected to hold over 56% of the overall market share as the leading segment in terms of application by 2031-end, supported by increasing investments in electric vehicle production.
China will remain a chief market, backed by rising demand from the automotive industry. It is expected to account for over 57.3% of demand registered in East Asia in 2021.
The market in India is set to surge at around 6% CAGR over the next ten years.
Germany is emerging as a key market in Europe, accounting for over US$ 2,509.4 Mn in 2021, driven by the expansion of the automotive industry.

“The lead-acid battery market is growing at a strong pace, driven largely by increasing demand for energy-efficient solutions across the automotive sector. The increasing demand for electric vehicles will create extensive opportunities for manufacturers. Key industry participants have been focusing on product diversification to offer energy-efficient solutions and gain a competitive advantage,” says a Future Market Insights analyst

Competitive Landscape

The lead-acid battery market is highly competitive at regional as well as global levels and highly consolidated in nature. These players are likely to invest in new technology developments and the expansion of their networks to maintain their market shares.

Some of the key players in this industry include but are not limited to Furukawa Electric Co., Ltd., Narada Power Source Co. Ltd., Clarion, Leoch International Technology Ltd., Enersys, Exide Industries Ltd., GS Yuasa Corporation, East Penn Manufacturing Co., Chaowei Power Holdings Limited., and others.

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Find More Valuable Insights

The research report analyzes the demand for Lead Acid Batteries. The global Lead Acid Battery market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. As per Future Market Insights, the market has been analyzed based on product type, power source, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply-side and demand factors.

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Magnetic Charging Cable Market Growth And Competitive Dynamics With Industry Share Analysis, Trends And Forecast

Smartphones have now become a prerequisite of modern living. At a gathering we can find 4 out of 5 people on their smartphone then be it for streaming TV shows, internet surfing, texting etc. Since, the last decade the market penetration for smartphones has grown to almost 70% globally and in parallel, the demand for its accessories.

Further, the technological advancements has made possible for new magnetic charging cables to perform well in terms of fast charging, quick data transfer, etc. Also, the Nylon braided material eradicates the overheating problem. The millennial generation being tech-savvy, are much more attracted to technological advancements such as magnetic charging cable which can create a vast market in near future.

The covid-19 outbreak has resulted in a current economic slowdown. The change in consumer buying behavior has drastically impacted the magnetic charging cable market growth. Customers switched from brick-and-mortar stores to online shops affecting the sales of nonessentials businesses which impacted the market growth of Magnetic Charging Cable.

Magnetic Charging Cable: Market Dynamics

What factors can drive the demand for the Magnetic Charging Cable?

With the advancement in technology the magnetic charging cable has the ability to charge the devices faster than the regular charger and is likely to drive product adoption in the market.Higher durability of nylon braided magnetic charging cables is another factor that is likely to positively impact the sales of magnetic charging cable.

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Besides this, the ability of products to support all types of ports namely iPhone, android and USB type-C ports is expected to drive further adoption in the market.All of the above product related factors are expected to fuel growth in the sales of magnetic charging cable during the period of forecast.

Will the Emergence of Private Label Brands Affect the Sale of Magnetic Charging Cable?

The emergence of private label or retailer’s in-house brands have affected the industry significantly which in turn reshaped and revolutionized the market. Due to emergence of private label brands the customer’s behavior towards buying products is also changing.

The private label brands are reintroducing the products as cost-effective method and in better quality which in turn satisfies the customers, thus resulting in an increase in adoption. For example, AmazonBasics, a private label brand of Amazon is offering durable and high quality products at reasonable cost.

Thus, the emerging Private Label brands are reshaping the market as well as customer buying preferences.

What are the opportunities in low and middle income region in coming Future?

The growing sales potent in low and middle income countries is likely to open up new opportunities for the players operating in magnetic charging cable market. Rapid penetration of digital ecosystem can further help the players in the region to capitalize on the new existing demand for magnetic charging cables in the low and middle income regions.

The changing lifestyles and standard of living is further expected to drive the adoption of smart technologies like magnetic charging cables in potential economies of Asia-Pacific region. These regions have welcomed the advancement in technology with open arms and created a hotspot for the same.

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Magnetic charging cable is such an Innovation which can attract a lot of customers and increase the sales for the existing as well as the emerging brands.

What market challenges are impacting the sales of magnetic charging cable?

Hyper convenience is highly preferred by users which is why they always tend to stick to easier way of handling devices. Leading brands such as Samsung, LG, Nokia, and Xiaomi has already introduced wireless charging feature in some of their products and users are getting along fine with this new feature.

Moreover, Apple a leading smartphone brand introduced magnetic charging for its iPhone 12. Counterfeiting is a problem faced by high value and authentic product enterprises and might pose as a challenge for those manufacturers to curb the counterfeited products.

Also, the covid-19 outbreak resulted in certain disruptions in the supply chain and other business operations. Besides this, a specular shift in consumer buying behavior from discretionary to essential products has further impacted the sales of magnetic charging cable in the past few months.

However, the sales of magnetic charging cables are likely to revive as economies across different regions have now entered into the reviving phase. Besides this, the availability of cost-effective substitutes in the market is further expected to impact the sales of magnetic charging cables in the market.

Magnetic Charging Cable Market Key players

The key players in the magnetic charging cable market are

AGPTEK (Shenzhen Mambate Industry Development Co., Ltd)
FlashWire USA.
Chargeasap Company
TekDeals
TOPK
VOLTA Charging
LLC
Apple, Inc.
HOCO Technology (HK) Co. Ltd.
Voltreton
Kanex Company
MegaBoltand
Others.

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Considering the increase in demand, VOLTA, another manufacturer of magnetic charging cable launched its VOLTA spark in November 2020, which it considers to be one of their most impressive charging cable and can charge with 100W USB-C power output.

The cables from VOLTA are made up of military grade nylon material, anti-corrosive aluminum or zinc conductor construct. All of such developments and enhancements on the part of players are likely to play a key role in differentiating their products from other suppliers in the market.

How are Manufacturers in India Capitalizing on New Growth Opportunities in Magnetic Charging Cable Market?

In order to capitalize on increasing demand in the region the players in the market are currently focused on enhancing their manufacturing capacity. For instance, Volta Charging, LLC a manufacturer of magnetic charging cable has recently setup their plant in India.

Sensing the market growth in coming future for magnetic charging cable they are launching new innovative versions of their product offerings. Apart from all this, the parallel growing smart phone market in the region is also expected to positively impact the growth of magnetic charging cable.

What is the Growth Factor for Magnetic Charging Cable Market in USA?

A lot of technological changes have happened in the past decade and the millennial generation has grown around that technology change. USA being a technologically advanced country, the sales opportunities for magnetic charging cables with smart features is high. Magnetic charging cable is one such innovative product which has huge sales potential in the country and can pave the way for the players.

How the Chinese market will respond to the Product?

China being one of the lucrative country for electric and electronics products also has tremendous sales opportunities.Besides this, the growing population and standard of living is another factor that is likely to drive magnetic charging sales in the country. The penetration of players providing cost-effective magnetic charging cables is high.

This is another factor that has facilitated regional growth in the past. Magnetic Charging Cable being such a product has greater potential for boosting the sales growth in the country.

The report covers exhaustive analysis on

Magnetic Charging Cable Market Segments
Magnetic Charging Cable Market Dynamics
Magnetic Charging Cable Market Size
New Sales of Magnetic Charging Cable
Current Trends/Issues/Challenges in the Magnetic Charging Cable Market
Competition & Companies Involved in Magnetic Charging Cable Market
New Technology for Magnetic Charging Cable
Value Chain of the Magnetic Charging Cable Market

Regional analysis includes

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

The Global Magnetic Charging Cable Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain.

The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

Magnetic Charging Cable Market Segmentation

On the basis of String Length:

below 0.5 meters
0.5 – 1 meters
1 – 2 meters
Above 2 meters

On the basis of Price Range:

Below US$10
US$10-US$50
Above US$50

On the basis of Sales Channel:

Convenience stores
Specialty stores
Wholesalers and Distributors
Online Retail
Other sales channels (Multi-brand stores, Direct sales)

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Vibration Control Systems Market Size Is Anticipated To Be Valued At About US$ 9.01 Billion By 2032 End | FMI

Demand for vibration control systems is likely to witness a revival in 2021, according to the latest edition of the study by ESOMAR-certified market research firm, Future Market Insights (FMI). The study also finds that a significant percentage of industry players are confident of growing investments in automation, a strategy stalled by COVID-19 outbreak. However, the pace of recovery is likely to be muted in 2021, with a robust recovery anticipated in 2022 onward.

As the automotive industry has grown significantly over the past years, the demand for various type of vibration control systems such as automation control, motion control, vibration control, and others has increased substantially. With vibration control system manufacturers bringing in a flurry of products, Future Market Insights (FMI) expects outlook to be bullish during the period 2021-2031

As the key end-use industries such as mining & quarrying, food manufacturing, textiles, and others are subject to expend further, the vibration control system manufacturers are expected to witness significant demand in the future.

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Key Takeaways

High demand for anti-vibration cylinders likely to be witnessed
Original Equipment Manufacturers (OEM) continue to be preferred by end-users
Rise in requirement from transportation industry to fuel sales of vibration control systems
Sales in US will be nearly 50% of global demand
China remains a strong market in APAC
Sales in Japan and South Korea expected to recover steadily

“With rise in requirement from end-users with fast-paced growth, vibration control system manufacturers are projected to witness significant opportunities. Surge in demand for vibration control system will propel the growth while this segment will hold nearly 30% of the market share,” says an FMI analyst.

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Automotive Industry Outlook Key to Future Sales

As vibration control is of utmost importance in automotive industry, the steady growth in this industry is raising the demand for it further around the globe. According to the European Commission (EC), the automotive industry is crucial for Europe’s prosperity, representing 8.5% of European Union (EU) employment in manufacturing, while the turnover generated by the automotive industry in Europe represents over 7% of EU GDP.

According to the Select USA, the U.S. automotive industry is expanding steadily, while in 2018, the additional exports of automotive parts were valued at US$ 88.5 billion. As stated by the United States Auto Alliance, of the US$ 105 billion spent on R&D globally, almost a fifth (US$ 18 billion) was spent in the U.S. in 2018. As these rates are forecast to increase further, the players in the vibration control system industry are set to experience significant growth in the coming years.

Who is Winning in this Space?

The global vibration control system market remains fiercely competitive. To consolidate their position, the key players are emphasizing on diversifying their products. For instance,

Lord Corporation announced a new brand for its portfolio of electromechanical products: Lord Electromechanical Solutions in 2018
Cooper Standard launched its new range of vibration control system solutions applicable for diverse end-use industries, while it named to Newsweek’s America’s most responsible companies 2021 list.

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Key Players:

The global vibration control system is fragmented – some of the key players operating in the global vibration control system market are-

HUTCHINSON
DynaTronic Corporation Ltd.
Cooper Standard
GERB
Technical Manufacturing Corporation
LORD Corporation
Trelleborg AB
Farat Ltd
Bridgestone Corporation
FUKOKU CO., LTD
VICODA GmbH
MUPRO Services GmbH
Kinetics Noise Control, Inc.
Dynamic Solutions Systems, Inc.
Isolation Technology Inc.
ACTOM PTY LTD
Fabreeka
VSL International Ltd.
Resistoflex (P) Ltd.
Guangzhou YiTaoQianChao Vibration Control Technology Co Ltd

Market players are focusing on new product launches and innovation to consolidate their position.

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Vibration Control System Market Segmentation by Category

By System:

Vibration Controls
- Isolating Pads
- Isolators (Metal, Rubber)
- Couplings (Spool, Shear, Bolt, Bush)
- Anti-Vib Cylinders (Male, Female)
Motion Controls
- Springs (Air, Coil)
- Hangers
- Washers & Brushes
- Mounts (Hydraulic, Pneumatic)
Automation Control
- Absorber (Miniature, Industrial, Heavy Industrial)
- Dampers (Hydraulic, Pneumatic, Damping Pads)

By End Users:

Mining & Quarrying
Oil & Gas
Utilities
Transportation
Food Manufacturing
Bev. & Tobacco
Textile Mills
Bi-Products
Chemical mfg.
Electrical Equip.
Machinery Mafg.

By Sales Type:

O.E.M
Aftermarket

By Region:

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

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North America Variable Frequency Drive Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast to 2027

The North America variable frequency drive market is projected to reach US$ 7.79 Bn in revenues by 2027, according to a new research by Future Market Insights. In terms of volume, 6.25 million units of variable frequency drivers are expected to be sold in North America in 2017. The U.S. will continue to dominate sales, accounting for nearly 78% revenue share of the market.

Between 2016 and 2027, the North American variable frequency drive market is anticipated to create an additional dollar opportunity in the US of close to US$ 3,000 Mn. By the end of 2017, the variable frequency drive market in Canada is projected to have grown by more than US$ 950 million, or 5.2 percent, from its 2016 valuation of US$ 911.8 million.

The variable frequency drive market in Canada is anticipated to expand at a CAGR of 4.8 percent over the course of the forecast period. Canada’s market is anticipated to increase the North American variable frequency drive market’s opportunity by more than US$ 600 million between 2016 and 2027.

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According to Future Market Insights, the key factors fuelling the growth of the market include,

Increasing emphasis on energy efficiency: Process engineers are adopting energy-saving devices to reduce operational expenses. For example, in 2015, Len Busch Roses, one of the largest nurseries for cut-stem flowers, deployed variable frequency drive to regulate airflow in snapdragon greenhouse with better precision.
Introduction of general purpose variable frequency drives that are compatible with existing motors is reducing impediments to widespread adoption.
Variable frequency drives are being employed in a wide range of end-use applications. Installation of variable frequency drives, along with a flow metre, results in energy savings.

Although Future Market Insights maintains a positive outlook on the North America variable frequency drives market, few challenges can restrain growth. These include technical anomalies associated with variable frequency drives and high initial costs of medium voltage variable frequency drives.

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Ac Drive Most Sought-After

By drive type, Future Market Insights has segmented the market into AC drive, DC drive, and Servo drive. Among these, AC drives remain the sought-after device, accounting for nearly 72% revenue share of the market in 2016. While 4.20 million units of AC drives were sold in North America in 2016, collective sales of DC drives and servo drives accounted for 1.64 million units.

Low Voltage Range Drives In Demand

By voltage range, Future Market Insights offers market forecast and analysis on low voltage range and medium voltage range. End-users in North America prefer low voltage range variable frequency drives, with this segment accounting for over 80% revenue share in 2016.

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Low Demand For Regenerative Variable Frequency Drives

By application type, Future Market Insights has segmented the variable frequency drive market into standard and regenerative. Demand for standard variable frequency drives is higher than regenerative variable frequency drives. The former accounted for over 88% revenue share of the market in 2016.

Compititive Landscape:

Key companies profiled by Future Market Insights in its report include Fuji Electric Co. Ltd., Mitsubishi Electric Corporation, Siemens AG, ABB Ltd., American Electric Technologies Inc., General Electric Company, Hitachi Limited, Honeywell International Inc., Rockwell Automation Inc., Johnson Controls, Inc., Emerson Industrial Automation, Toshiba International Corporation, and Schneider Electric SE.

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Market Segmentation

By Country: