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Global automotive diagnostic scan tools market demand is anticipated to be valued at US$ 34.7 Billion in 2022, forecast to grow at a CAGR of 7% to be valued at US$ 68.8 Billion from 2022 to 2032. Growth is attributed to increased demand for automotive diagnostic scan tools, especially across the automobile OEMs.

Automotive Diagnostic Scan Tools Market Overview

The electrification of automotive components is increasing rapidly as the consumers’ preference is shifting from manual functions to sophisticated automated systems. Such technological changes are increasingly demanding for tools which can detect the problem or the malfunctioning of electronic system used in cars with ease. Automotive diagnostic scan tool are set of electronic devices and software which are used to interface with diagnose systems. Automotive diagnostic tools are also used to reprogram and upgrade the vehicle control modules. Nowadays, number of companies are engage in manufacturing of diagnostic scan tools with multifunctional capabilities which can read from simple codes to highly complex codes while performing powertrain, chassis and body diagnostics. Automotive diagnostic scan tools are widely used in vehicle service station for all types of vehicles ranging from passenger vehicle car to heavy commercial vehicle to agriculture vehicles.

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Automotive Diagnostic Scan Tools Market: Drivers & Restraints

Global automotive diagnostic scan tools market value represent significant growth in upcoming years as a result of increasing number of vehicle in operations worldwide. Additionally, increasing electrification of vehicles is fuelling demand for diagnostic systems. Implementation of new communication technology within the automotive diagnostic scan tool is expected to grow demand for diagnostic scan software as well. Growing number of service station, increasing awareness about the sophisticated technology along with the other macroeconomic factors are expected to contribute in the growth of the automotive diagnostic tools market. However, increased complexity of automotive electronic system architecture is expected to be the major challenge for the growth of the global automotive diagnostic scan tool market.

Automotive Diagnostic Scan Tools Market: Segmentation

Global automotive diagnostic scan tools market is segmented on the basis of geography and product type. The product type segment of the automotive diagnostic scan tools market is further segmented into diagnostic scan equipment and diagnostic scan software. The automotive diagnostic scan tool is the predominant segment of the global automotive diagnostic scan tools market which is expected to maintain the largest share during the forecast period 2015 to 2025.

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Automotive Diagnostic Scan Tools Market: Overview

The automotive diagnostic scan tools market is expected to grow with CAGR of 6% to 8% over the forecast period 2015 to 2025 as impact of various factors such as increasing vehicle in operation, growing number of vehicle service stations, etc.

Automotive Diagnostic Scan Tools Market: Region-wise Outlook      

The global automotive diagnostic system market is geographically segmented into seven key regions which are, North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. As of 2014, North America dominated the market followed by Europe, Asia-Pacific and Japan respectively. As per the growth rate the North America dominates the market followed by Europe Asia Pacific and Japan.

Automotive Diagnostic Scan Tools Market: Key Players     

Acquisitions and mergers are key strategies adopted by major companies to expand their geographical presence and market share. Some of the key market players in global automotive diagnostic scan tool markets are Denso Corp., Snap-On Inc., SPX Corp., Softing AG, Actia Group SA, Avl List GmbH, Dg Technologies, Dsa Daten- Und Systemtechnik GmbH, Etas GmbH, General Technologies Corp, Hickok Inc., Bosch Automotive Service Solutions, Inc.

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Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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Vehicles create energy while executing various functions. The energy generated by the vehicles can be used for providing additional power to the engine and other vehicle parts. The vehicle converts 25-30% of its fuel energy to move the vehicle, and the rest of the energy is wasted through the radiator and engine exhaust. To convert the heat extracted from hot exhaust gases into electrical power, exhaust energy recovery system is used.

Automotive energy recovery systems increase the energy optimization of the vehicle. For instance, the regenerative braking system uses electric motor to generate electricity by utilizing the kinetic energy. In the process, regenerative braking system devices convert kinetic energy to electrical energy to reduce the vehicle speed, electrochemical battery or a flywheel are used to store the energy stored through regenerative braking. The stored energy is reused for various vehicle functionalities.

To recover the energy, the kinetic energy recovery system is used. The energy can be recovered from the kinetic energy generated after the brakes are applied to the moving vehicle, and this energy can be stored using a flywheel and battery. The recovered energy can be used later, during the vehicle acceleration.

Automotive energy recovery systems are seeing the traction in the market, due to the operational advantages it provides to the vehicle and customer.

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Automotive Energy Recovery Market: Drivers and Challenges    

Globally, in last 5-10 years, the fuel prices have grown by approximately 4-9% on the year on year basis. Original equipment manufacturers of automotive are promoting their products by boasting the fuel efficient quotient. Globally, the preferences of the customers are changing, and these days fuel efficient and improved performance vehicles are preferred by the customers. Due to this, there is a growing demand for automotive energy recovery systems. Globally, the governments of many countries like U.S.A. and Canada have implemented stringent government emission regulations, and this is also fuelling the demand for automotive energy recovery systems.

Currently, there is a lack of awareness in emerging economies about automotive energy recovery systems, which is inhibiting the growth of the market. High cost associated with automotive energy recovery systems is also inhibiting the growth of the global automotive energy recovery market.

Automotive Energy Recovery Market: Overview

The global automotive energy recovery system market by volume is expected to expand at a CAGR of around 7-9% during the forecast period (2016-2025), due to stringent government emission regulations and growing demand for fuel efficient vehicles.

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Automotive Energy Recovery Market: Region-wise Outlook

The global automotive energy recovery market is expected to register a single-digit CAGR for the forecast period. Depending on geographic regions, global automotive energy recovery market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.In terms of market revenue, Western Europe and North America automotive energy recovery market is projected to register a significant CAGR during the forecast period. Slow but stable economic growth, growing automotive industry, stringent government emission norms, changing consumer preferences, relatively high awareness regarding automotive energy recovery systems, innovative and advanced technologies are some of the factors which are fuelling the growth of automotive energy recovery market in North America and Western Europe. Both the regions are projected to register a single digit growth rate during the forecast period.

Automotive Energy Recovery Market: Key Players      

Some of the key market participants in global automotive energy recovery market are Continental AG, Robert Bosch GmgH, Denso Corporation, Tenneco, GenTherm, and TRW. In future the popularity of automotive energy recovery system is used for reduction of greenhouse gases and powertrain optimization.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, by waste heat recovery system, by passenger vehicles, regenerative braking system and by product types.

The report covers exhaustive analysis on:

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

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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 (China, India, ASEAN, Australia & New Zealand)
• Japan
• 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, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Automotive Energy Recovery Market: Segmentation

The global automotive energy recovery market can be segmented on the basis of regenerative braking system, by passenger car, by waste heat recovery system and by regions

The global automotive energy recovery system market is segmented as:

• Regenerative Braking System

Based on passenger vehicles, the global automotive energy recovery market is segmented as:

• Electric Vehicles
• Hybrid Vehicles
• Plug-in Hybrid Electric Vehicles

Based on waste heat recovery system, the global automotive energy recovery market is segmented as:

• EGR
• Turbochargers

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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This Roll Trailer market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Roll Trailer market.Roll Trailer Market to Receive Significant Impetus from Increasing Seaborne Trade

Over the years, the roll trailer system has been established worldwide for transporting heavy goods and materials in RoRo (roll-on/roll-off) ships. With significant growth of trade activities across the globe, roll trailer – a dolly (unpowered vehicle designed for connection to a truck) platform which requires towing by a powered vehicle – has been garnering robust traction. Attached to the vehicle body or tractor by a gooseneck, general cargo and containers are set on roll trailers equipped with wheels, and these units are wheeled onto the ship by special truck or tractor.

Roll trailers are considered as one of the most efficient and easiest methods to transport goods or cargo. Owing to ease of operation, roll trailers are used in shipping industry on a large scale. Annually, project-critical equipment worth billions of dollars are transported by ship around the world. High levels of risk are associated with these shipments depending on nature of the cargo, tight timeframes and transport logistics. Therefore, manufacturers have been focusing on offering different load capacities of roll trailers for varying applications and efficient operations. These factors are expected to lead to development of the roll trailer market.

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Key Factors Shaping Roll Trailer Market

Global seaborne trade supported by notable improvement in the global economy, is growing at a fast rate, resulting in positive sentiment regarding the shipping industry. There has also been a significant growth in world’s shipping fleet capacity, contributing to exponential rise in demand for roll trailers. Increasing import export activities around the world remains instrumental to the development of shipping industry, thereby potentially raising the demand for roll trailer.

Owing to ease of operation, roll trailer finds increasing application in industrial sector. Construction industry remains one of the key end users for roll trailers. Rising government investments in residential and commercial infrastructure development, especially in developing countries is estimated to fuel the demand for roll trailer in years ahead.

As the competition intensifies with rising number of new entrants in the roll trailer market, key players will need to set their products apart to stay ahead of the curve. The introduction of cassette systems remains a challenging factor for the manufacturers, as these provides potential benefits over conventional roll trailers. In addition to enabling efficient loading/unloading process, cassette systems allow efficient use of deck space, which results in improved transportation and less fuel consumption. Thus, growing popularity of cassettes is expected to create a hindrance in the growth of roll trailer market.

An ongoing trend witnessed in the global roll trailer market is ‘customization’. Leading manufacturers are targeted towards offering roll trailers according to customer requirement with customized specifications. For instance, Mafi, a leading manufacturer of roll trailers, offers custom-sized trailers in all possible lengths and widths.

Roll Trailer Market: Regional Outlook

Growth prospects of the roll trailer market are high in East Asia, on account of relatively strong marine industry. In the region, Singapore’s roll trailer market is expected to grow at relatively high rate Increasing maritime activities in China and South Korea is further projected to open a window of opportunity in the global roll trailer market. Emergence of the U.S. as one of the top ten shipping countries in the world is expected to contribute to the growth of roll trailer market in North America.

Shipping and the maritime sectors are among the most important industries in the UK and Germany. Germany is one of the largest seafaring nations, offering the maritime shipping industry a competitive location for national and international trade activities. This, in turn, is expected to complement the growth of roll trailer market in Europe. In Middle East & Africa, countries such as U.A.E., Saudi Arabia, and Kuwait have a large fleet of ships to carry out import, export, and re-export activities. The result is expected to generate considerable demand for roll trailer in the region.

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Roll Trailer Market: Key Participants

Some of the key players in the global roll trailer market are:

• Triton International Limited
• Novatech
• Seacom Trailer Systems GmbH
• MAFI Transport-Systeme GmbH
• Ace Brothers Equipment
• QINGDAO CIMC SPECIAL VEHICLES CO., LTD Qingdao
• Phillaya International Trading Co., LTD.

The research report on the roll trailer market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The roll trailer market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, load capacity, and attachment.

The report covers exhaustive analysis on:

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

Regional analysis includes:

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

The global roll trailer 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.

Roll Trailer Market: Segmentation

The global roll trailer market can be segmented on the basis of load capacity and attachment.

On the basis of load capacity, the global roll trailer market is segmented as:

• Below 30 Tons
• 30-50 Tons
• 50-100 Tons
• Above 100 Tons

On the basis of attachment, the global roll trailer market is segmented as:

• Fixed Gooseneck Roll Trailer
• Detachable Gooseneck Roll Trailer

Report Highlights:

• A detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size regarding volume and value
• Recent industry trends and developments for yorker spouts market
• Competitive landscape for yorker spouts market
• Strategies for key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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The track laying equipment market is likely to record a strong CAGR of 15% during the forecast period. The track laying equipment market is currently valued at US$ 20 Bn in 2022 and is likely to reach US$ 80.91 Bn by 2032.

This Track Laying Equipment market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Track Laying Equipment market.

Track Laying Equipment Market: Introduction

The functioning of the railway tracks in a good condition depends upon the individual components conditions such as sleepers and rails. The replacement of the defective parts in good time is must so as to avoid the high subsequent costs. In the past manual labor use to carry these difficult and material intensive tasks, but with the growing technology and development this has been replaced by powerful machines known as track laying machines or track laying equipment.

The track laying equipment has become one of the most important part of the modern railway track infrastructure development. With the growing adoption of heavier structures of the track, the use of track laying equipment is essential to achieve the high quality of work efficiently.

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Track Laying Equipment Market: Dynamics

Due to the advancement in quality standards, the manual laying and maintenance of the heavy track structure is neither desirable nor feasible due to its time consuming and poor quality of service life on the track. Thus the increasing demand towards the high performance of the machines and equipment’s withstand to remain a preliminary factor which will lead the market for track laying equipment. The track laying operations involve high expenditure for the machine and the personnel. With the help of mechanized work methods these costs can be clearly reduced along with the achievement of the high qualities. This factor will drive the market for track laying machines or track laying equipment.

Growing rail travel and demand to maintain quality is projected to drive the market for track laying equipment. The Original Equipment Manufacturers are collaborating inventive structures in the inventive generation railways that includes smart machines and equipment’s for easy handling and carrying from one place to another. This factor will drive the market for track laying equipment.

Railway sector is entering into the refinement cycle so as to transform every walk of life. The growing need of lightweight equipment and machines are expected to drive the market for track laying equipment.

Track Laying Equipment Market: Regional Overview

Owing to the growing adoption transportation and travel passengers the global track laying equipment market is predicted to see a protruding growth over the forecast period. Europe and Asia-Pacific regions are anticipated to witness a tremendous adoption of the railway travels which will drive the market for track laying equipment in these regions. The increase in the middle class economy and the appearance of the low-cost from the manufacturers of China will drive the market for track laying equipment in the fastest growing region during the forecast period.

The lucrative railway industry specifically in the U.S., Russia, Germany, India, and UK, proposes satisfactory growth prospects for the enterprises operating in the track laying equipment market.

The rising number of travel from the railways is majorly driving the market growth for track laying equipment in the Asia Pacific region. The changing demographics and the rise in the disposable income in the region is also one of the prominent factor which is increasing the demand for rail travel, leading to the demand for new routes and replacement of the components which will result in the demand for new track laying equipment in the region.

Track Laying Equipment Market: Market Participants

Examples of few of the key participants in the global track laying equipment market are identified across the value chain which include:

• Geismar
• Eiffage Rail
• Plasser & Theurer
• Harsco Corporation
• SWIETELSKY
• KOMPASS INTERNATIONAL SA
• Plasser India

Phytosterols is the collective term used for sterols and stanols derived from plants. They are family of molecules similar to cholesterol but vary in either carbon chain length or double bond. Phytosterols are found in plants’ fatty tissue where they play significant roles similar to that of cholesterol in man. Plants such as beans, vegetable oil, and nuts have the highest concentration of phytosterols.

Although phytosterols are found mainly in plants, they play a vital role in man’s health. Some of the health benefits of phytosterols include; prevention of coronary heart disease, cholesterol reduction, prevention of cancer, and many others.

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Phytosterols also help in the prevention of skin aging. Phytosterols cannot be synthesized by man or animals; hence, they are included in the diet. Food products are being fortified with phytosterols due to the health benefits associated with their consumption.

Growing awareness regarding the health benefits associated with phytosterols has fostered the rise in demand for phytosterol based products globally. Also, the diversity in the application of phytosterols at various end sectors has driven the market forward over the years, and this will continue during the forecast period. The global phytosterol market is anticipated to grow tremendously years to come.

Phytosterols Market Driven by Growing Consumers’ Demand for Healthy Products

There are many health benefits associated with the consumption of phytosterol products. Phytosterols can act as an antioxidant, giving it the power tohelp in the prevention of cancer development; it helps in the prevention of breast, ovarian, and stomach cancers. Phytosterols help in the prevention of skin aging so that the skin glows as often. Individuals suffering from cardiovascular disease are usually administered with food products or drugs containing phytosterols.

Furthermore, the nutritional content contained in phytosterols has surged consumers’ interest in its consumption. Phytosterol is rich in vitamin D, whose deficiency diseases include osteomalacia and rickets. These health benefits are supporting the growth of the phytosterol market globally.

Increasing Application in Nutraceuticals

The potential health benefits of plant sterols has fostered the application of phytosterols in pharmaceutical and nutraceutical industries. The growing demand for nutraceuticals among consumers is a strong force driving the phytosterol market globally. Phytosterols are also used as a dietary supplement.

Phytosterols Market: Region-wise Analysis

Europe is the largest market for phytosterols due to the rise in demand for non GMO (Genetically Modified Organisms). It’s now mandatory for manufacturers within the European Union to label their products with the content of phytosterol and it should only be consumed by individuals with heart related diseases. Europe is anticipated to grow at moderately over the forecast period. In addition, the rise in demand for bio-based ingredients in various industries like the cosmetic industry have fostered the growth of the market within the region. North America is the second largest market after Europe in terms of total revenue.

The Asia Pacific is the fastest growing region for the phytosterols market. It’s expected to witness a significant growth over the forecast period. Increasing consumer demand for healthy products coupled with rising disposable income will trigger the market within the region.With the lack of awareness in the Middle East and Africa, the phytosterols market growth is expected to decline over the forecast period.

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Global Phytosterols Market: Competitive Landscape

• BASF SE
• Raisio Plc.
• Bunge Limited
• Archer Daniels Midland Company
• DuPont Nutrition & Health.

Region-wise Analysis

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

Report Highlights

The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.

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

Global Phytosterols Market Segment Analysis

The global phytosterol market can be segmented on the following basis:

Application

• Food Industry
• Pharmaceutical Industry
• Cosmetics Industry
• Feed Industry

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Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

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The Virtual Fitting Room market was valued ~US$ 2.6 Bn in 2020, and is expected to grow at a CAGR of ~22% during the forecast period 2021-2031. Major growth drivers for the virtual fitting room include surging online shopping activities, rising number of smartphone users, and growing adoption of advanced technologies by retailers, in order to increase their customer base.The increasing advancement in technologies such as virtual reality and augmented reality is projected to amplify the demand over the coming years.

What is Driving Demand for Virtual Fitting Rooms?

The novel coronavirus outbreak has disrupted businesses across the world and the retail industry is one of the hard-hit sectors. The majority of consumers prefer online shopping and e-commerce in this pandemic situation, resulting in high demand for e-commerce platforms.

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The ubiquity of intelligent technologies, such as high-quality integrated smartphone cameras, smart mirrors, and high-definition lenses, is expected to drive the adoption of virtual changing room technology over the forecast period. In addition, the potential benefits of virtual fitting rooms in attracting online customers to their web and mobile applications are encouraging fashion retailers to invest significantly in deploying the latest virtual dressing room technologies, thereby further propelling the sales.

Virtual Store is expected to Contribute Largest Market Share

Nowadays, users are attracted to the essence of e-commerce websites owing to the hassle-free purchases, easy product comparison, and wide portfolios. The e-commerce sector is expected to overtake the brick-and-mortar shopping model for some products and has steadily established itself as one of the most prominent players in the global economic landscape.

The virtual fitting room technology has become one of the leading revenue-generating platforms for online retailers as it successfully assists users in making better purchasing decisions.

Moreover, the major concern of customers while shopping online has always been improper fitting of apparel, which is a key challenge affecting sales. The easiest way to attract customers toward online sales is to improve the quality of their shopping experiences and cater to their personalized needs.

Retailers are therefore making the best use of chronological interactions through effective content, graphic styles, and navigation structure of the websites or applications that help impact the users’ purchase decisions. Hence, the adoption of virtual dressing room solutions in order to support users’ purchasing intentions is likely to create new growth avenues for the virtual fitting rooms in the near future.

US Virtual Fitting Room Sales Viewpoint

With the U.S. at the forefront, the North American market is estimated to account for a significant revenue share in 2021. The early adoption of simulation technologies is expected to influence the regional market growth over the forecast period.

Major participants in the industry such as True Fit Corporation; Zugara, Inc.; SenseMi Smart Solutions; and Perfitly are headquartered in the U.S. Marketers in the country are subsequently favoring advanced 3D visualization solutions to build their company’s image and reduce their operational expenditures.

Europe Demand Outlook for Virtual Fitting Room

Europe is expected to demonstrate healthy growth with growing presence of several notable fashion brands and an increasing number of emerging key players in the region. The region has played a significant role in introducing new styles, designs, and trends, which are then followed by other fashion enthusiasts globally.

The presence of an extensive retailer base is encouraging the setting up of multiple startups in this region. Furthermore, the rising competitiveness among retailers is offering growth prospects to the regional market, as retailers are increasingly adopting innovative digital technologies to increase footfall as well as engagement levels.

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Who are the Key Virtual Fitting Room Providers?

Some of the leading providers of Virtual Fitting Room include

• AstraFit
• Total Immersion
• Zugara
• Magic Mirror
• True Fit
• Visualook
• Fision Technologies
• FXGear Inc.
• Fit Analytics
• 3D-A-PORTER
• Coitor IT Tech
• SenseMi
• ELSE Corp., among others.

Virtual Fitting Room Market Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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Key Segments

By Component:

• Hardware
  • Prefabricated
  • Customized
• Software
  • Firmware/Platform
  • Mobile Application
• Services

By Application:

• Apparel
• Beauty and Cosmetic
• Eyewear
• Footwear
• Others

By End Use:

• Physical Store
• Virtual Store

By Region:

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

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About Us

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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The thin client market was valued US$ 1.6 Bn in 2020, and would grow by more than 2.2% CAGR. Thin Client consist of network computers which is connected to a server-based computing environment in which memory, sensitive data, and most applications are stored.  It uses central server to store data instead of hard drive and it is also known as lean or slim client.

According to latest research by Future Market Insights, thin client market is set to witness higher growth during 2021-2031.

The market will show high growth in coming years, owing to adoption of hybrid and multi-cloud environment by many organizations and comparatively less expensive, secure hardware solution offered by thin client. Moreover lack of infrastructure for network in developing economies for cloud computing restraining the growth of the thin client market.

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What is Driving Demand for Thin Client Market?

Thin client able to decrease the desk space and helps to offer alternative for traditional systems. Reduced energy consumption over a period by such systems driving the growth of the thin client market. It offers advantages such as enhances infrastructure security, comparatively less expensive secure hardware solution, lesser energy consumption, centralized system & simple manageability, and cost reduction.

The performance of the thin client is lot more depends on the speed of the internet. Thus evolution of 5G technology propels the growth of the thin client market. Thus adoption of hybrid & multi-cloud environment and secure hardware solution by many organizations in many industries fuels the growth of the thin client market.

Rising Adoption of thin Clients in the BFSI, Education and Healthcare Industries in Recent Years is Driving the growth of Thin Client Market  

In recent years, there is rising growth of the education and healthcare industries. Also banking and financial services providers has to deal with an escalating large amount of data.

So instead of update every desktop thin client solutions can setting up a few application servers which receives new updates. It helps to extend all the thin clients across the organization/bank. Thus rising adoption of such cost effective solutions by enterprises in banking and financial sector augments the growth of the thin clients market.

Also, the market will show high growth in coming years, as the thin clients provides risks related security solutions such as third-party identity fraud, the data leaks, and unauthorized account access caused by external devices. External device used for storage is USB memory stick.

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North America Demand Outlook for Thin Client Market  

North America is anticipated to constitute a highest revenue growth in the thin clients market over the forecasted period. North America shows significant growth in thin clients market owing to increasing adoption of highly technology-oriented products and cloud technology.

North America has presence of key suppliers of pharmaceutical products including Dell, HP, NComputing, and 10Zig. These key vendors has flexible IT support and an active infrastructure fuels the demand of the thin clients market in North America region.

North America has one of the most developed IT and telecommunications industry among other regional markets. Thus increasing growth of banking, healthcare sector, and government organization in North America region fuels the demand of the thin client market.

Europe Thin Client Market Outlook

Europe is the second largest contributor to thin client market, owing to technological innovations and adoption of advanced internet technology. France, Germany, Italy, France, and U.K. are the dominating economies in Europe region. The developed economies in Europe region provides active infrastructure for advance technology like 5G, cloud computing, and Internet of Things (IoT) which ultimately fuels the growth of the thin client market.

The growth of the industries such as healthcare IT, telecom, and BFSI industry in Europe region ultimately boosts the demand for the cloud computing and thin client solution provider across the region. The stringent government regulations about telecomm industry in countries like France, Germany, Italy, United Kingdom, Spain has been one of the major driving factor for the growth of the thin client market.

Who are the Major vendors of Thin Client Market?

Some of the leading vendors and companies of thin client market include

• Dell Inc.
• IGEL Technology GmbH
• Fujitsu
• LG Electronics Inc.
• Samsung
• American Industrial Systems, Inc.
• NEC Corporation
• Lenovo
• Siemens AG

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Key Segments

By Form Factor:

• Standalone
• With Monitor
• Mobile

By Application:

• Enterprise
• Government
• Education
• Industrial
• Others

By Region:

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

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About Us

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 Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
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The In-Store Analytics market is projected to record more than 25% growth rate during the forecast period and expected to reach US$ 5 Bn by 2031. In-store analytics is a process of analyzing and pulling meaningful insights from customers’ behavioral data.

Analytics plays very crucial role in every stages of retail businesses, from sales and marketing to inventory management and operations.  In order to compete with online stores, retailers need as much information about their customers as they can get. In-store analytics can give detailed insights about the effectiveness of store displays, employee actions, and other factors that can be used to sway purchasing decisions.

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What is Driving Demand for In-Store Analytics?

Over the past decade, the retail industry has changed significantly and keep evolving further by adopting new cutting edge technologies. Retailers are working harder to deliver a seamless shopping experience to their customers. Retailers endeavor to integrate innovative digital experiences to ensure a connected and engaging in-store experience.

Digital transformation in stores is achieved when retailers deliver tailored experiences to their customers with the help of multiple technologies like analyzing customer preferences, detecting customer location in-store, personalized promotions, and purchasing patterns. Store monitoring platform analyzes these patterns and generate meaningful insights and help retailers to achieve sales, revenue and increase store footfalls.

• For instance, Mediamarkt opened its Digital Store in Barcelona, based on the interaction with its customers. It combines the digital experience in a physical store where customers select the product digitally and the store staff provides the support.
• Moreover, Nike’s new flagship store in New York, utilizes an app that creates digitally connected journeys for consumers to utilize mobile checkout, request try-on items throughout the store, or instantly shop in-store displays.

Proliferation of IoT Sensors & RFID Tags for In-store Intelligence

Over the past few years, there has been a steady evolution in the types of sensors. Sensors are used to monitor weight, vibrations, temperature, and other factors. When it comes to retail, Radio-Frequency Identification (RFID) sensors plays a very crucial role.

RFID tags contain a microchip, reader, and antenna to transmit and receive data. These tags contain electronically-stored information that provides detailed product information, marketing, and cross-selling suggestions to retailers along with the insights regards to the customer preferences and shopping patterns.

According to a report by McKinsey, inventory management problems account for some of the biggest expenditures and losses in retail stores. The report states that inventory distortion including overstock, stockouts, and shrinkage, cost retailers a yearly $1.1 trillion, worldwide. RFID tags allow stores to track their inventory.

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US Demand Outlook for In-Store Analytics

U.S. is the most significant revenue contributor to the global in-store analytics market. The country is witnessing significant developments in the in-store analytics market. In U.S., the high growth rate can be attributed to the increasing adoption of big data, the large base of in-store analytics vendors in the region, and the rising adoption of IoT devices.

Companies across the region are rapidly adopting the IoT for creating and developing new array of products and services, which are prompting development of new business models and creating new business opportunities. Businesses utilize full potential of the connected device enablement by combining with rapidly advancing Artificial Intelligence (AI) technologies, which enables store retailers to respond intelligently and aid in making informed decisions.

India Demand Outlook for In-Store Analytics

Indian retail industry is one of the fastest growing in the world. Retailers in India have started harnessing the power of the data that is generated from every single transaction that are placed at stores, e-commerce sites or mobile applications. And tend to create extremely personalized offers based on buying patterns.

In perspective to retail industry, India has ranked 73 in the United Nations Conference on Trade and Development’s Business-to-Consumer (B2C) E-commerce Index 2019. Moreover, in terms of retail store availability, the country is among the highest in the world. The retail sector in India is experiencing exponential growth with retail development taking place not just in major cities and metros, but also in tier II and III cities.

Healthy economic growth, changing demographic profile, increasing disposable income, urbanization, changing consumer tastes and preferences are some of the key factors driving growth retail industry in India.

Who are the Key In-Store Analytics Vendors?

Some of the leading vendors offering In-Store analytics products include

• RetailNext
• Mindtree
• Thinkinsde
• Happiest Minds
• SAP
• Capillary Technologies
• Inpixon
• Scanalytics
• Retail Solutions
• Dor Technologies, and among others.

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Key Segments

By Solution:

• In-Store Analytics Software
• Services

By Application:

• Customer Management
• Marketing Management
• Merchandising Analysis
• Store Operations Management
• Risk and Compliance Management
• Others

By Industry:

• Small and Mid-sized Enterprises (SMEs)
• Large Enterprises

By Region:

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

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About Us

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 Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs