Workout Clothes Market is Predicted to Reach US$ 384.8 Billion by 2032, Growing at a CAGR of 6.2% through 2032 | FMI

The workout clothes market was valued at US$ 210.8 Billion in 2022 and is predicted to reach US$ 384.8 Billion by 2032, growing at a CAGR of 6.2% through 2032.

Workout clothes are a type of utility clothing that improves athletes’ performance during sports or fitness physical activities by enhancing body movement compared to ordinary clothing.

Furthermore, unique benefits of sportswear, such as breathability, rapid drying, static resistance, heat resistance, and chemical resistance, increase consumer acceptance, hence pushing the workout clothes market growth and workout clothes adoption trends.

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Adopting the same is expected to influence potential workout clothes market trends and forecasts positively.

The worldwide workout clothes market key trends & opportunities are expanding due to buyers’ rising disposable income and fitness consciousness.

The Coronavirus epidemic has had a detrimental influence on the workout clothes market since lockdowns and limitations on the number of customer store occupancy have resulted in a decrease in sales of workout clothes.

The growing popularity of smart sportswear, which is meant to improve training routines, monitor performance, and offer real-time feedback, represents a workout clothes market growth potential.

Due to the significant demand for workout clothes to engage in fitness or sports activities, the others (shorts, sweatshirts & hoodies, tank-top) segment produced the most income.

However, the workout clothes market is predicted to rise rapidly as the trend of athleisure as casual wear among the world’s youth population grows.

Polyester sector workout clothes market share is rising due to several benefits like fast-drying, enough stretch capacity, easy wash, wrinkle resistance, and chemical resistance.

Furthermore, increased physical activity engagement among the young and senior population drives demand for workout clothes, boosting workout clothes market future trends and workout clothes market opportunities.

However, an increase in the number of counterfeit items is causing consumer safety and quality difficulties and brand harm for important workout clothes market participants and workout clothes market share.

The United States is predicted to emerge as a significant region in the workout clothes market due to the increased demand for workout clothes. With the expanding number of public athletic events, Europe and the Asia Pacific are also projected to add to income and surge workout clothes market opportunities.

KEY TAKEAWAYS:

  • The others (shorts, sweatshirts & hoodies, tank-top) section from the product type segment of the workout clothes market is expected to grow at a CAGR of 4% through 2032.
  • Polyester segment will escalate in the workout clothes market’s material type sector through 2032.
  • United States dominated the global workout clothes market, accounting for 42.3% of total sales.
  • The rise in disposable income and rising living standards are likely to drive the growth of the LAMEA workout clothes market.
  • Due to the popularity of sporting events, the European workout clothes market is expanding at a rapid pace.
  • Asia-Pacific is predicted to develop at the fastest rate due to an increase in youth engagement in sporting activities.

 COMPETITIVE LANDSCAPE:

Adidas AG, Asics Corporation, Columbia Sportswear Company, Dick’s Sporting Goods, Inc. Gap Inc., Nike, Inc., North Face, Inc., Phillips-Van Heusen Corporation, Puma Se, and Under Armour, Inc. are among the major legacy players that provide workout clothes solutions.

To increase their products in the workout clothes market trends, these vendors have used a variety of organic and inorganic growth techniques, such as new product releases, partnerships, and collaborations.

To extend their influence in the workout clothes market trends, these vendors have used a variety of organic and inorganic growth tactics.

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Recent Development in the Workout clothes Market:

PRODUCT LAUNCH:

  • Global sports brand PUMA debuted the Royal Challenger Bangalore (RCB) workout clothes market collection in September 2021 as part of a three-year strategic collaboration agreement agreed with the franchise in March 2021.
  • Eastbay and Champs Sports announced the debut of a new garment line, Eastbay Performance, in September 2021.
  • Puma SE Inc announced the introduction of its sportswear range in collaboration with Cloud9 in October 2019.

COLLABORATION:

  • Kappa and Hyosung announced their collaboration in October 2020 to launch Kappa’s new K-Spirit e-sports workout clothes collection at the Tennent Global E-Sports Arena (TGA).

 ACQUISITION:

  • Nike announced the purchase of Collect, a workout clothes statistics and demand sensing start-up located in Boston in August 2019.

Segments

By Product Type:

  • Shirts
  • Pants
  • Others (Shorts, Sweatshirts & Hoodies, Tank-Top),

By Consumer Orientation:

  • Men
  • Women
  • Children

By Material Type:

  • Nylon
  • Wool
  • Polyester
  • Others

By Sales Channel:

  • Direct Sales
  • Franchised Stores
  • Specialty Stores
  • Online Retailers
  • Other Sales Channel (Mono Brand Stores, Wholesalers/Retailers)

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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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: 

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T: +1-845-579-5705
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Post-Shave Care Market Sales are Projected to Increase at a 7.1% CAGR | FMI

The post-shave care market is poised to reach a valuation of US$ 2,692.0 Mn in 2022. Sales are projected to increase at a 7.1% CAGR, with the market size reaching US$ 5,340.8 Mn by 2032.

The global post-shave care market is expected to grow significantly over the forecast period, owing to a growing awareness of personal grooming among consumers all over the world. Rising disposable income, together with rising living standards, is boosting demand for personal care goods and contributing considerably to the market’s growth.

Furthermore, expansion of the product portfolio among key companies to cater to the growing consumer requirements will augment the demand over the coming years. For example, Marico, India’s leading consumer goods company, introduced a new line of high end male grooming products under its brand, Studio X, in the year 2018.

In addition, increasing penetration of the e-commerce industry, as well as the increased use of social media platforms, is resulting in widespread adoption of grooming products. Furthermore, the ever-changing male fashion trends are leading to the development of new products as well as an increase in their adoption. Shaving balm for soothing the skin, are examples of such products.

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Key Takeaways from the Post Shave Care Market Study:

  • Asia Pacific post shave market is predicted to contribute significant revenue share and lead the global market.
  • The post shave care market in North America is primarily driven by the increasing demand for male grooming products and the growing trend of stubble in males in this region.
  • The supermarket/hyper Market segment is likely to dominate among distribution channel segments.
  • Increased demand for natural and organic products, as well as strict rules on the use of certain synthetic chemicals, are putting pressure on vendors.

Who is winning?

Leading manufacturers of post-shave care are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of post-shave care globally.

Major players present in the post-shave care market are Procter & Gamble, Unilever, Beiersdorf, Godrej Consumer Products Limited, L’Oréal, Colgate-Palmolive Company, Coty Inc., D.R. Harris & Co Ltd., Vi-john Group, and Herbacin cosmetic GmbH among others.

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Global Post-Share Care Market By Category

By Product Type:

  • Lotion & Balm
  • Splash

By Consumer Orientation:

  • Men
  • Women

By Price Range:

  • Low
  • Medium
  • Premium

By Sales Channel:

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Multi-Brand Stores
  • Salon/Grooming Clubs
  • Drug Stores & Pharmacies
  • Online Retailers
  • Other Sales Channel

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Global Post-Share Care Market By Category

By Product Type:

  • Lotion & Balm
  • Splash

By Consumer Orientation:

  • Men
  • Women

By Price Range:

  • Low
  • Medium
  • Premium

By Sales Channel:

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Multi-Brand Stores
  • Salon/Grooming Clubs
  • Drug Stores & Pharmacies
  • Online Retailers
  • Other Sales Channel

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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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Built-In Large Cooking Appliances Market are Projected to Increase in Size Reaching US$ 20.6 Bn by 2032 | FMI

The global built-in large cooking appliances market is poised to reach a valuation of US$ 11.6 Bn  2022. Sales are projected to increase at a 5.9% CAGR, with the market size reaching US$ 20.6 Bn by 2032.

Smart home technology is encouraging consumers to adopt modern appliances. Connectivity and voice assistants have allowed for the development and popularity of cookware with touchscreens, cameras, and Wi-Fi connections. Remote operation and monitoring can be done through smartphones for various smart home devices.

Consumers are becoming more conscious regarding rising levels of energy consumed by kitchen appliances every day. This is compelling individuals to opt for Energy-Star rated appliances. Kitchen gadgets that are designed to conserve energy while making cooking more efficient are gaining popularity.

Technological advancements, such as the introduction of smart kitchen equipment that can be controlled remotely, are expected to drive the market. As people become increasingly health-conscious, the demand for such equipment for sanitary, oil-free, and healthy cooking experience will increase.

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Key Takeaways:

  • Based on product type, demand for built-in cooktops is expected to gain momentum in the forthcoming years.
  • In terms of end use, sales in the commercial segment will remain high through 2032.
  • By sales channel, the online segment will account for a dominant share in the market over the forecast period.
  • The U.S. will continue dominating the North America built-in large cooking appliances market owing to high adoption of smart kitchen equipment.
  • China is expected to emerge as a lucrative pocket in the East Asia market due to surging demand for compact kitchen products.
  • India will account for a dominant share in the South Asia built-in large cooking appliances market owing to growing demand for energy-efficient kitchen equipment.

Competitive Landscape

Leading players operating in the market are investing in research and development to launch energy-efficient kitchen appliances to improve sales.

Key players in the built-in large cooking appliances market are Samsung Electronics Co. Ltd., Morphy Richards, LG Electronics Inc., Whirlpool Corporation, Hitachi Appliances Inc., Koninklijke Philips N.V., AB Electrolux, Haier Group Corporation, GE Appliances, and Robert Bosch GmbH.

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Built-In Large Cooking Appliances Market By Category

Product Type:

  • Built-in Cooktops
  • Built-in Ovens
  • Others

By Application:

  • Commercial
  • Residential

By Sales Channel:

  • Wholesalers/Distributors
  • Multi-Brand Stores
  • Specialty Stores
  • Hypermarket/Supermarkets
  • Online Retailers
  • Other Sales Channel

By Region:

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

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Indonesia Pet Care Market is Expected to Surpass a Valuation of US$ 5,372.8 Mn at a CAGR of over ~9.9% through 2032. | FMI

According to Future Market Insights (FMI), Indonesia pet care market is expected to surpass a valuation of US$ 5,372.8 Mn at a CAGR of over ~9.9% through 2032.

Pet humanization is a growing trend where owners are treating their pets as their family members. Pet humanization is a one of the key factors increasing the demand for luxury goods in the market.

Other factors such as growing rate of pet adoption coupled with increasing per-capita spending on pets are driving the demand for luxury pet products and services. As pets are treated as an integral part of the family, people owning pets take care of their pets in a manner similar to parents taking care of their children in a family.

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Pet owners are very serious about their responsibilities toward their pets. This is encouraging pet owners to invest extensively in spending for the well-being of their pets and are willing to spend more on luxuries.

They are also spending on luxuries and necessities such as pet clothing, beds, medications, grooming services, and other veterinary services. This is one of the primary factors driving the demand for pet luxury goods in Indonesia pet care market.

Key Takeaways from the Indonesia Pet Care Market Study

In terms of service, pet food is expected to hold a noteworthy revenue share over the forecast period.

Based on professional service, the grooming boarding segment is expected to witness robust growth during the assessment period

Veterinary care segment is projected to account for maximum share over the forecast period

By service channel, the online retail segment will dominate the market owing to the growing penetration of e-commerce industry

By pet type, cats are expected to account for lion’s share in the global market during the forecast period

“Growing acceptance of technologically advanced automatic pet care, increasing expenditure on pets coupled with rising adoption of dogs and cats will boost the market revenue” says an FMI analyst.
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Impact of COVID-19 on the Indonesia Pet Care Market

Indonesia is one of the rapidly emerging South-Asian economies, and the growth is fuelled by the rapidly increasing urbanization and industrial rates. This demographic shift is critical to the pet food market’s future growth.

Pet ownership is on the rise among millennials across the globe. According to the Indonesian Pet Food Association, the sector is growing at a rate of 20% per year, with Java accounting for 60% of the market, home to the capital Jakarta and other major cities.

The COVID-19 pandemic has contributed to the increase in the number of pet adoption, as people feel pets could be their companions during their time at home. Further, the presence of pets not only reduces loneliness and boredom but also increases mental and physical health.

Who is winning?

Major players present in the pet care market are MSD Animal Health, Mars Incorporated, HAPPY PET Investment Holding GmbH, PT. NUTRICELL PACIFIC, Colgate-Palmolive Company, JM Sucker Co., Nestle SA, PT Central Proteina Prima Tbk, Groovy Vetcare Clinic, Bali Pet Shop PT, KW Aquatic Supplies Sdn Bhd, PT Citra Mandiri Kencana, and Menara Petskita Indonesia among others.

Get More Valuable Insights

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

The study divulges compelling insights on the Indonesia pet care market based on the service (product{ pet food, pet healthcare, fashion, toys, and accessories}, professional service {day care, grooming boarding, pet breeding, and training} value-added services {insurance, veterinary care, pharmacy, adoption and charity, crisis relief service}) pet type (dogs, cats, birds, fish and reptiles, small pets, and horses & other livestock), service channel (modern trade, convenience stores, care services centers, veterinary clinics, online retailers, support care centers and pet specialty stores.

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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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Reusable Period Panties Market is Expected to Surpass a Valuation of US$ 95.5 Mn in 2022, with Sales Growing at a 16.7% through 2032| FMI

The reusable period panties market is expected to surpass a valuation of US$ 95.5 Mn in 2022, with sales growing at a 16.7% through 2032.

In order to address the need of menstrual hygiene among women and adolescent girls in rural areas, governments across various countries are taking initiatives and providing funds to promote the usage of menstrual products such as reusable period panties among women.

These initiatives are also launched to improve the availability and access to high quality menstrual products in rural areas, along with ensuring the safe disposal of products in an environmentally friendly way.

For instance, in 2018, UNICEF launched a campaign to promote positive menstrual hygiene in Pakistan and other countries in the Middle East and North Africa. Besides this, UNICEF is also promoting menstrual hygiene practices in Eastern and Southern Africa.

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Apart from this, other organizations such as World Vision International, UNFPA, etc. are actively undertaking several campaigns to promote menstrual hygiene and practices in underdeveloped regions.

Besides social organizations and agencies, commercial organizations are actively undertaking initiatives to spread awareness regarding menstrual hygiene practices. Saalt is one such brand that is extensively using social media to alleviate period poverty and taboos. Such developments are anticipated to augment the growth in the market over the forecast period.

Packaging heavily influences the brand identity, especially in the case of new products. The packaging solutions in the personal care industry have restructured into more safe, natural and practical formulas.

Since the entire idea of reusable period panties centres around sustainability, packaging carries paramount importance. Consequently, manufacturers are increasingly adopting discreet, innovative and sustainable packaging to comply with the consumer requirements, which is expected to drive sales of reusable period panties.

“Increasing preference for premium materials in reusable period panties to avoid infections is driving product innovations. In addition to this, growing focus on mentsural hygiene and personal care across various countries will augment the growth in the market over the forecast period,” says an FMI analyst.

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Key Takeaways:

  • Based on style, sales in the hipster segment are slated to increase at a 17.7% CAGR through 2032.
  • By size, the medium segment will account for 36.1% of the total market share in 2022.
  • In terms of absorbency level, demand in the high/super absorbency level segment will surge at a 18.4% CAGR over the assessment period.
  • By price range, the mass/economy segment will expand at a 17.5% CAGR through 2032.
  • By sales channel, demand in the online retailers segment will grow at a 20.7% CAGR over the forecast period.
  • The U.S. will continue dominating the North America reusable period panties market, with sales increasing at a 11.4% CAGR.
  • Demand in the U.K. will increase at a 11% CAGR, accounting for a dominant share in the Europe reusable period panties market.
  • India will emerge as a lucrative pocket in the South Asia reusable period panties market, with sales projected to grow at a 18.4% CAGR through 2032.

Who is winning?

Leading manufacturers of reusable period panties are investing in research and development and partnerships to launch products suitable for various demographics worldwide. Key players operating in the reusable period panties market are Dear Kate, Inc., WUKA, Essity AB, Flux Undies, Thinx Inc., Ruby Love, Elia Lingerie, Modibodi, Aisle, Saalt, The Period Company, Knix, Neione, Q&M, Anigan, Proof, Lovable, Blooming, Uniqlo, Aerie, and PINK (Victoria Secret) among others..

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Global Reusable Period Panties Market by Category

By Style Type:

  • Boy Short
  • Bikini
  • Brief
  • Hipster
  • Others

By Size:

  • Small
  • Medium
  • Large

By Absorbency Level:

  • Heavy/Super Absorbency
  • Medium Absorbency
  • Light Absorbency
  • Super Light Absorbency

By Price Range:

  • Mass/Economic
  • Mid-Range
  • Premium

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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:
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T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/reusable-period-panties-market
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Warehouse Racking Market is Estimated to Expand at a CAGR of 3.7% over the Forecast Period, Reaching US$ 10.3 Bn by 2032 |FMI

The global warehouse racking market is estimated to expand at a CAGR of 3.7% over the forecast period, reaching US$ 10.3 Bn by 2032.

According to FMI, demand for warehouse racking in the United Kingdom is expected to grow at a CAGR of 4.1 percent over the forecast year.

In the automotive industry, warehouse racking systems are utilised to store various automotive spare parts and automobiles. Increased sales of automobiles in the United Kingdom are forcing manufacturers to use industrial shelving systems to maximise storage space. The UK market is expected to grow at a rapid rate in the next years as a result of these reasons.

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Different solutions are being presented as technology advances to make operations easier. With cutting-edge approaches and effective solutions, smart storage ideas are gaining traction.  With the correct kind of training in automated solutions, a warehouse management system may be considerably more effective, empowering employees to be more productive even when working at a high intensity.

Another important issue is upgrading, updating, or relocating storage systems to meet changing business needs. This is encouraging manufacturers to use racking solutions including drive-in pallet racks and structural selected pallet racks, which will help the industry grow.

“The market is likely to be driven by an increasing demand for quick product accessibility, maximum space utilisation, product and worker safety, convenient workability, and overall performance enhancement.” In addition, the availability of both manual and automatic rack servicing is projected to improve sales in the next years,” the FMI analyst predicts.

Key Takeaways:

  • Based on the product type, sales in the drive-in pallet market are projected to grow at a 3.1% CAGR over the forecast period.
  • In terms of application, demand in the retail segment will rise at a 2% CAGR through 2032.
  • Sales in the U.S. warehouse racking market will increase at a 2.2% CAGR, dominating the North America market.
  • Rapid expansion of the ecommerce sector will drive the India warehouse racking market at a 6.7% CAGR through 2032.
  • The U.K. will emerge as a lucrative market, with sales growing at a 4.1% CAGR over the assessment period.

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 Global Warehouse Racking Market by Category

Product Type:

  • Roll Formed Selective Pallet Rack
  • Structural Selective Pallet Rack
  • Push Back Pallet Rack
  • Drive In Pallet Rack

Application:

  • Automotive
  • Food & Beverage
  • Retail
  • Packaging
  • Manufacturing

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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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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Indoor Farming Market Expected to Reach US$ 96,675 Mn in 2032 with a 9.6% CAGR | FMI

The global indoor farming market are anticipated to grow by 9.6% CAGR to US$ 96,675 Mn in 2032. To address the rising demand for organic food, the agriculture sector is implementing innovative practises.

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

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

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

Sales in the greenhouse facility market are anticipated to grow at a 4.8% CAGR through 2032, depending on the capacity type.

  • Over the course of the projection period, the hydroponics market will grow at a 6.1% CAGR.

Sales in the hardware category will increase at a 7.4% CAGR through 2032, depending on the component type.

  • Over the course of the evaluation period, the category for fruits and vegetables will expand at a 6.5% CAGR.
  • Over the course of the forecast period, sales in the U.S. indoor farming market are expected to grow at a 5.5% CAGR.
  • Sales in India will expand at a 6.6% CAGR through 2032, making it an attractive market.
  • With a market share of 13.9%, Germany will command the indoor farming market in Europe.

Competition Landscape

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

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

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

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Get More Valuable Insights

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

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

Global Indoor Farming Market by Category

Facility Type:

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

Growing System:

  • Aeroponics
  • Hydroponics
  • Aquaponics
  • Soil-based
  • Hybrid

Component Type:

  • Hardware
  • Software

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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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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Air Purifier Market through 2031, it is Anticipated to Grow at a CAGR of around 11.3% | FMI

The global air purifier market is expected to surpass a valuation of US$ 10 Bn in 2021. It is expected to grow at a CAGR of approximately 11.3% through 2031.

Membrane technology has become increasingly popular in air purifiers during the last decade. Membrane filters are made using a combination electrospinning/netting process with a receiving substrate design to provide good air filtration. The efficiency and pressure drop of air purifiers with ePTFE and UPE membranes are astounding.

People are becoming more aware about their health and fitness as a result of increasing health awareness. The impact of air pollution in causing respiratory disorders, such as acute respiratory infections and chronic obstructive pulmonary disease, is well established. Because industrialization, urbanization, and contemporary lifestyles cannot be compromised on, strategies to reduce emissions and reverse the problem of poor air quality are gaining traction. Air purifiers are proving to be the most promising solution for addressing poor air quality.

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The air purifier market has seen a lot of claims made by manufacturers in order to promote their brand and level up the competition. As a matter of fact, consumer purchase patterns are often influenced by company claims.

Producers and brand owners have focusing on improving efficiency and efficacy of their products to woo increasing number of consumers. LG, for example, stated that in 2020, it will produce a one-of-a-kind cover for the PuriCare Wearable Air Purifier that will use the company’s UVnano sterilisation technology to kill 99.99 percent of germs in under 30 minutes using UV-C LED rays.

Air Purifier Market Outlook Compared to Growth Registered in 2016-2020

The outbreak of the novel COVID-19 dampened sales prospects due to restrictions impos4ed on, which also caused disruptions in supply chains activities across various industries. Contrary to this, the unprecedented pandemic outbreak also made people more cautious about air they breathe.

The focus on disinfection and living in a hygienic environment was at its peak during COVID-19, which has helped the air purifier market to recuperate from the pandemic-induced restrictions.

In the coming years, the demand for air purifier will get stronger, especially as consumers exhibit higher willingness to maintain healthy indoor air quality. Driven by this, the global air purifier market will exhibit 11.3% CAGR between 2021 and 2031 in comparison to 8.5% CAGR exhibited in 2016-2020.

The demand for air purifier for home and offices is predicted to increase significantly over the forecast period. Increasing online penetration of leading air purifier manufacturers will also aid growth in the market.

High installation of air purifiers in schools, hospitals, and other institutions is likely to remain a chief growth driver. The demand from commercial sector will rise as well. More than 80% of the overall revenue from air purifiers is expected to come from the commercial sector. This is owing to manufacturers’ growing efforts to diversify their economies and develop innovative products.

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Key Takeaways from the Air Purifier Market Study

  • In terms of technology, HEPA filters account for a major share in the air purifier market. Demand in this category is expected to grow at a CAGR of 4.3% in 2020.
  • Leading companies in the air purifier market will cover nearly 42% of sales.
  • The U.S. will account for maximum demand in North America, sealing its dominance in the global market.
  • Demand in the U.K. will grow at an impressive pace, pushing overall growth in the Europe market.

“As competition continues soaring, market players are likely to focus on making air purifiers smarter. They are integration concepts of artificial intelligence to enable improve machine-human interaction,” says an FMI analyst.

Impact of COVID-19 on the Market

The current pandemic outbreak has created numerous challenges on the part of supply side and demand side. The temporary restrictions imposed by regional governments on the movement have impacted supply chains drastically. Besides this, the shift from discretionary spending to essential goods has further negatively impacted the market growth.

On the flip side, the change in consumer buying habits has encouraged a shift from store based retailing to online retailing, facilitating a wider market reach. This is expected to aid in the global market recovery.

Who is Winning?

Leading manufacturers of air purifier are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales growth of air purifier globally.

Major players present in the air purifier market are Koninklijke Philips N. V, LG Electronics Inc., Xiaomi Corporation, Afpro Filters B.V., Dyson Ltd., Godrej Appliances, Condair Group AG, Daikin Industries, Ltd., Honeywell International Inc., Whirlpool Corporation, Japan Air Filter Malaysia Sdn. Bhd., Hitachi Limited, Dyson Technology Ltd, and Panasonic Corporation among others.

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Global Air Purifier Market by Category

By Technology Type:

  • HEPA
  • Electrostatic Precipitator
  • Ion and Ozone Generators
  • Activated Carbon
  • Other Technologies

By Coverage Area:

  • Below 250 Sq. Ft.
  • 250-400 Sq. Ft.
  • 401-700 Sq. Ft.
  • Above 700 Sq. Ft.

By Region:

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

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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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Suite 401, Newark, Delaware – 19713, USA
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Maternity Apparels Market is Anticipated to Increase at a Compound Annual Growth Rate CAGR of 6.7 Percent by 2031

The maternity clothing market is anticipated to reach US$ 21.6 billion in 2021. The market is expanding thanks to a growing number of working women who do so even while pregnant and an improving man to women ratio. The market is anticipated to grow in response, reaching US$ 41.3 billion by 2031.

Maternity clothes sales increased at a CAGR of 3.5% between 2016 and 2020. Modern mothers are increasingly choosing maternity clothes that are appropriate for the occasion and the location, thanks to the rising influence of fashion magazines, social media, and celebrity endorsements on millennials.

Several clothing companies are concentrating on creating new and fashionable maternity collections in order to take advantage of the growing demand for maternity gear. As a result, from 2021 to 2031, the demand for maternity clothing is anticipated to increase at a compound annual growth rate (CAGR) of 6.7 percent.

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For instance, Zara just unveiled its first line of maternity wear, which includes about 25 items specifically designed for pregnant women. These items include jeans, sweaters, knit dresses, and overalls. Numerous such advances are anticipated to increase demand for maternity clothing.

According to FMI, maternity outerwear gear is anticipated to become the most appealing product type category, making up almost 76.2 percent of total sales in 2021. The growth of the category is being aided by the rising demand for fashionable outerwear items including jeans, skirts, shirts, dresses, and tunics that are sold under various brands.

“Key manufacturers place a strong emphasis on the release of cutting-edge and stylish maternity clothing to shield expectant mothers and babies from dangerous ultraviolet (UV) radiation. These outfits are being tailored with natural and environmentally safe materials. This is anticipated

Key Takeaways from Maternity Apparel Market Study

  • South Korea and Japan are projected to account for 23.6% and 33.7% of the maternity apparel sales across East Asia in 2021, respectively.
  • Based on sales channels, multi-brand store-based retailing is forecast to hold the largest revenue share in the segment, accounting for more than 29.3% of the sales in 2021.
  • The U.S. is anticipated to dominate the market in North America, accounting for more than 79.2% of the regional sales by 2021-end.
  • Favored by the increasing number of working pregnant mothers in Australia, the country is expected to account for over 51.7% market share.
  • India is projected to emerge as one of the most remunerative markets in South Asia, accounting for around 31.7% of sales in 2021.

Key Drivers

  • High convenience and availability of a large number of unique brands, designs, and affordable prices with big discounts are increasing the sales of maternity appeals through online sales channel.
  • Increasing pregnancy rates and increasing fashion consciousness among modern pregnant mothers across the U.S., Australia, Germany, Japan, and others are driving the growth in the market.

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Key Restraints

  • High cost of stylish and fashionable maternity apparel and low consciousness about different maternity clothing across low-income economies are expected to hinder the growth in the market.
  • Increasing preference towards wearing maternity clothes made using natural fabric is hampering the sales of apparel made of synthetic materials such as polyester, and nylon.

Competitive Landscape

H & M Hennes & Mauritz AB, Seraphine Ltd, The Gap Inc., are the top three market players, identified by Future Market Insights. They are expected to cumulatively account for nearly 5% to 6% of the total sales in 2021.

Leading manufacturers are focusing on entering into strategic collaborations and partnerships with other players to expand their product portfolio and increase their market share. For instance,

  • In September 2020, Nike, an American multinational sportswear corporation, announced launching its first-ever active wear collection for pregnant women. The Nike (M) collection range from $45 to $85 online and consists of four products tailored as per the changing women’s bodies before, during, and after pregnancy.
  • In Oct 2020, Momsoon, a Maternity and Nursing Wear start-up, announced entering into a partnership with a leading clothing brand, Monte Carlo to launch its winter collection maternity wear. As a part of the partnership, Monte Carlo will produce maternity wears designed by Momsoon for online sale channels.

Some of the key players operating in the market profiled by FMI are:

  • Adidas AG
  • ASOS Plc
  • Brainbees Solutions Pvt. Ltd.
  • Hanesbrands Inc.
  • H & M Hennes & Mauritz AB
  • C. Penney Co. Inc.
  • Nike Inc.
  • Seraphine Ltd
  • The Gap Inc.
  • Tytex AS

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Maternity Apparels Market by Category

By Product Type:

  • Outerwear
    • Tops
    • Tunics
    • Bottom
    • Dresses
    • Others
  • Innerwear
    • Lingerie
    • Camisoles
    • Others
  • Nightwear

By Material Type:

  • Cotton
  • Nylon
  • Polyester
  • Synthetic
  • Spandex
  • Others

By Price Range:

  • Below US$ 100
  • US$ 100 – US$ 200
  • US$ 200 and Above

By Region:

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

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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.

Contact:

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Fishing Reels Market is Expected to Surpass a Valuation of US$ 8.6 Bn at a CAGR of over 4.9% through 2031 | FMI

The global fishing reels market size in near future. Soaring popularity of fishing as a sport activity and consequent popularity of fishing equipment will fuel the demand for fishing reels. According to a recent report by Future Market Insights (FMI), the fishing reels market is expected to surpass a valuation of US$ 8.6 Bn at a CAGR of over 4.9% through 2031.

Technological improvements in fishing reels have played a key role in driving the market. Correspondingly, the high demand for modified and customized reels based on the requirements of the customer is another factor leading to surge in demand for such fishing reels.

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

For instance, the American Sport Fishing Association (ASA) recently held its inaugural online auction to raise funds in support of Keep America Fishing.

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Keep America Fishing (KAF) is the association’s grassroots advocacy program that provides nation’s 55 million anglers a way to let their voices be heard when fisheries policy and management decisions will impact recreational fishing.

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

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

Key Takeaways from the Fishing Reels Market Study

  • Aluminium reels dominate the market as they can withstand corrosion even in saltwater bodies and are regarded as most durable by fishing enthusiasts.
  • The U.S. holds a share of 76.5% in North America owing to the high penetration of key players in the region.
  • Malaysia is a key market in South Asia, registering growth at above 8% CAGR owing to higher spending on premium products in the country.
  • Spinning reels are expected to hold the leading revenue share of 48.2% in the market in 2021 aided by their high durability and efficiency in all types of waters.
  • Europe showcases lucrative opportunities for the fishing reels industry backed by a larger pool of consumer population who are willing to spend on recreational activities.

Impact of COVID-19 on the Market

The new coronavirus outbreak had disrupted corporate operations in a variety of industries, causing an economic slowdown. The retail industry had taken a significant impact. The retail industry was also harmed by the decline in general discretionary spending.

Consumers were subjected to the strictest restrictions, causing year-over-year growth to plummet. Due to complete lockdown and the resulting instability in the industrial environment, there was a reduction in production during the pandemic. Online commerce was used to separate the sales.

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

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Who is Winning?

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

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

Fishing Reels Market by Category

By Product Type:

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

By Material Type:

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

By Fishing Type:

  • Freshwater Fishing
  • Saltwater Fishing

By Region:

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

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

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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