Automotive Pillar Market Key Opportunity, Analysis, Growth, Trends 2031

Soaring carbon footprint attributed to heavy automotive usage has led manufacturers to use plastic composites in the production of automotive pillars. This will improve the demand for automotive pillars, according to ESOMAR-certified Future Market Insights’ (FMI) latest research report. As per the study, the global automotive pillar market is slated to surpass a CAGR of 4% across the forthcoming decade.

As per the FMI’s projections, automotive pillar market demand is set to rise at 4% compound annual growth rate (CAGR) over the forecast period of 2021 and 2031. The market valuation will exceed US$ 6 Bn, registering the sales of 303,264,000 automotive pillar units in 2021.

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Demand for automotive pillars is rising extensively in emerging economies as consumers in these regions have become more willing to invest in high performance automobiles given the rising disposable income. Sales of electric vehicles have also augmented across India and China, improving the demand of automotive pillars.

Increasing sales of passenger cars across the globe, especially in developed regions such as Germany and the U.S., are improving the consumption of automotive pillars.

Moreover, with growing adoption of electric cars and luxury cars across the globe, government in such regions are imposing strict regulations to curb the carbon emission and improve the safety of passenger.

According to the FMI’s analysis, passenger cars segment is anticipated to exhibit high demand, accounting for over 78% of market share during the forecast period of 2021 and 2031.

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Key Takeaways from FMI’s Automotive Pillar Market Study

  • By vehicle type, passenger vehicles to emerge as primary automotive pillar end-users
  • Sales across the original equipment manufacturers segment are likely to surpass an impressive valuation, given the rising demand for new and advanced safety system
  • The U.S. will experience noteworthy expansion amid rising sales of passenger cars in the region
  • India will generate lucrative opportunities across Asia Pacific excluding Japan, backed by the stringent government regulations pertaining to passenger safety
  • Rising government initiatives to curb the emission and increased electric vehicle sales will augment production capabilities across Germany
  • Broadening electric vehicle market will widen automotive pillars adoption across China
  • Japan and South Korea, collectively, will account for 12% of global automotive pillar market share in the year 2021.

“Visibly increasing consumer demand for passenger vehicles and electric cars is likely to augment sales of automotive pillars. This is encouraging prominent automotive pillar manufacturers to offer sustainable solutions to keep pace with changing consumer behavior,” says a FMI analyst. 

Automotive pillar Market by Category

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Product Type

  • Pillar A
  • Pillar B
  • Pillar C
  • Pillar D

By Sales Channel

  • Original Equipment Manufacturers (OEMs)
  • Aftermarkets

By Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa (MEA)

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Competitive Landscape

KIRCHHOFF Automotive GmbH, Gestamp, Toyoda Iron Works Co., Ltd., Magna International Inc., and Aisin Seiki Co., Ltd are some prominent players operating in the automotive pillar market.

Key Points Covered in Automotive Pillar Market Study

  • Market estimates and forecast 2021-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Automotive Pillar Tools Market and How to Navigate
  • Recommendation on Key Winning Strategies

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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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Spark Plug Market Overview by Top Players, Regions, Segments, Demand and Forecast till 2031

According to ESOMAR-certified Future Market Insights’ (FMI), the spark plug market will register positive growth with the overall valuation forecast to surpass US$ 3.20 Bn in 2021. The market’s worth will increase at a compound annual growth rate (CAGR) of 4.5% between 2021 and 2031.

Market players are investing towards developing spark plugs which offer long life and better electrical energy conductivity. With the launch of next gen engines, the demand for high performance spark plug will increase in upcoming years.

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These next-gen engines are compact and require special type of ignition system, leading to innovation in spark plug technology. Market players are experimenting with various materials and making design modifications to meet the requirements.

According to the report by Future Market Insights, increasing automotive production and export will make Europe one of the leading spark plug markets. Spurred by this, the Europe spark plug worth is projected to thrive at a CAGR of 4% during the forecast period.

The development of long and thin spark plugs that can be attached in a small headspace of engine will drive the spark plug market demand. As there is no application of spark plug in electric vehicles and e-bikes, a slump in spark plug market demand can be expected in upcoming years.

Constant fluctuation in fuel prices and increasing awareness regarding reducing air pollution will promote the adoption of electric vehicles, which will directly hinder the spark plug market demand.

As there is no application of spark plug in electric vehicles and e-bikes, a slump in spark plug market demand can be expected in upcoming years. Constant fluctuation in fuel prices and increasing awareness towards reducing air pollution will promote the adoption of electric vehicles which will directly hinder the spark plug market demand.

Global sales are expected to rise in 2021 after a period tepid growth in 2020. Nonetheless, FMI presents a positive growth outlook for the market.

Key Takeaways from FMI’s Spark plug Market Study

  • The U.S will continue to offer lucrative growth opportunities in spark plug market owing to presence of engine and transmission manufacturing companies and high production of passenger car in the country.
  • Rapid economic growth and rising export of automobiles across the globe will drive the spark plug market growth in China.
  • Rapid advancement in the commercial vehicle and aerospace segment along with implementation of stringent regulations such as EURO VI norms, to reduce carbon emission will boost the spark plug market growth in the U.K. during the forecast period.
  • Increasing production of passenger vehicles and increasing per capita income of Indian population, coupled with strict government regulations, will bode well for the spark plug market growth in India.
  • The demand for spark plus is expected to growth at a healthy rate in the automotive sector owing to strict government emission norms and increasing demand for fuel efficient vehicles.
  • The demand for cold spark plugs is expected to grow substantially during the forecast period as their firing end takes time to heat and provides faster rate of heat transfer as compared to other types of spark plugs.
  • An increase in demand for iridium spark plug is anticipated especially from marine sector as iridium spark plug facilitates optimum power and combustion leading to improved engine performance.

“Increasing research and development aimed at developing new and compact gasoline engines to curb fuel consumption and produce vehicles in compliance with emission-control norms will create growth opportunities for spark plug market,” says the FMI analyst.

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Competitive Landscape

Spark plug market is highly competitive market owing to presence of multiple market players. Companies operating in this market are employing organic as well as inorganic marketing techniques to expand their global outreach.

Their primary goal is to develop innovative products and improve value chain. Manufacturers are also participating in strategic collaboration with rival companies especially to strengthen their research and development activities.

For instance, Weichai Power Co. Ltd. is a Chinese spark plug manufacturer which sells it under the brand name of “Zhuzhou Torch Spark Plug Co.,Ltd. (ZTSP)” offers spark plugs for motorcycle and small gasoline engines.

Prominent players operating in the spark plug market are NGK Spark Plug Co. Ltd., Robert Bosch, Denso Corp., Tenneco Inc., and Valeo among others.

Key Segments Covered in Spark plug Market Study

By Sales Channel:

  • OEM
  • Aftermarket

By Material Type:

  • Iridium
  • Platinum
  • Nickel
  • Others

 By End Use:

  • Automotive
    • Two Wheelers
    • Passenger Cars
    • LCV
    • HCV
  • Marine
  • Aerospace
  • Industrial

By Product Type:

  • Hot Spark Plug
  • Cold Spark Plug

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia & Pacific
  • China
  • India
  • Middle East and Africa
  • Japan

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Key Points Covered in Spark Plug Market Study

  • Market estimates and forecast 2021 – 2031
  • Key drivers and restrains impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competitive Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact On Spark plug Market
  • Recommendation on Key Winning Strategies

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Contact:

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X-by-Wire Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2027

According to a new report published by Future Market Insights titled “X-by-Wire Market: Global Industry Analysis (2017 – 2021) and Opportunity Assessment (2022 – 2027),” the global x-by-wire is in the growing stage and is expected to show potential growth signs by the end of 2027.

Future Market Insights (FMI) has projected the global X-by-wire market to grow with year-on-year value growth of 13.9% in 2022 reaching a value of about US$ 39 Bn by 2022 end.

The demand for x-by-wire systems is increasing with every passing day as their installation is increasing in the military vehicles as well as construction equipment. Automotive companies are also focusing on installing x-by-wire systems in economy cars as well. Electric and hybrid vehicles manufacturers, on the other hand, are looking forward to adopt brake-by-wire in the vehicles, thus making it a feasible option for the consumers. The global x-by-wire market is expected to witness a volume CAGR of 13.8% and is likely to reach a volume of over 395,000 ‘000 units by the end of 2028.

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Rising Demand for Automotive Components to Trigger Adoption of X-by-Wire

The global automotive components market is expected to rise at a healthy rate over the forecast period owing to the substantial rise in the global demand for light vehicles. As a result of this, the sales of x-by-wire is expected to increase by almost 40%. Furthermore, the sales are supported by the stable demand arising from Asia Pacific and Europe.

The sales are likely to constant in developing regions but slower growth is likely to be witnessed in emerging markets, especially China. Along with the luxury and premium vehicles sector; mid-sized and economical cars are also featuring advanced systems in their vehicle models in order to remain competitive in the market. These factors are expected to fuel growth of the x-by-wire technologies such as throttle-by-wire, shift-by-wire and brake-by-wire.

The global automotive production rate is expected to have a high impact on the x-by wire market. The passenger cars sector, in particular, is anticipated to witness high growth over the forecast period. It has been projected that there will be a rather sound automotive production rate in developed economies such as Europe and the U.S. with the key emphasis being on sedan and luxury car sectors owing to changing consumer preference and lifestyle.

Asia Pacific Excluding Japan to Emerge as a Leading Region in Terms of Number of Deployments

The market for x-by-wire in APAC is expected to witness a volume CAGR of 16.3% from 2017 and 2027 owing to the high penetration of automotive in the region. China is on the forefront at present and is expected to stay the same by the end of the forecast period. In spite of an unstable economy in the last couple of years, the automotive industry has performed quite well, thus increasing the sales of automotive, both passenger and commercial in the region.

In addition, the production of automotive is anticipated to be comparatively high in the developing regions as compared to the developed ones. Factors such as shifting customer preferences towards luxury vehicles, developing infrastructure, as well as rising disposable income of consumers in the region are likely to support the automotive industry in the region, thus supplementing the sales of x-by-wire in return.

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Global X-by-wire market by Category

By Technology

  • Throttle-by-wire
  • Shift-by-wire
  • Brake-by-wire
  • Suspension-by-wire
  • Park-by-wire

By Vehicle Type

  • Passenger Car
  • Commercial Vehicle

By Region

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • Asia Pacific Excluding Japan (APEJ)
  • Middle East and Africa (MEA)
  • Japan

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Partnerships to be the Core Strategy of Key Market Players

Strategic partnerships of auto component manufacturers with technology providers is likely to be the core focus of companies. The companies operating in the x-by-wire market are Continental AG, Kongsberg Automotive, Curtiss-Wright Corporation, ZF Friedrichshafen AG, Nissan Motor Co., Ltd., Robert Bosch GmbH, SKF AB, Denso Corporation, and Ficosa International SA, among others.

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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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Horse Stable Supplies Market to Exceed US$ 2.7 Bn by 2032 | FMI

As per Future Market Insights’ latest industry analysis, the global horse stable supplies market size is poised to reach a valuation of US$ 1.5 Bn in 2022. Sales of horse stable supplies are projected to increase at 6.0% CAGR in the forecast period from 2022 to 2032. The market is expected to reach US$ 2.7 Bn by 2032.

The global horse stable supplies market is projected to grow at a steady pace with the entry of new competitors. Increasing investments in research and development activities to discover new products to cater to the high customer demand are also expected to drive the market.

Trends like humanization of pets and recreational equestrianism are expected to be some of the other key drivers in the forecast period. Reintroduction of horses as pets among private, high-net-worth individuals has given rise to a new customer base in the horse stable supplies market.

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Key Takeaways: Horse Stable Supplies Market

  • The China horse stable supplies market is expected to rise at a CAGR of 6% during the forecast period from 2022 to 2032.
  • The U.S. horse stable supplies market is expected to grow at a CAGR of 3% in the forecast period from 2022 to 2032.
  • The U.K. is anticipated to dominate the North America horse stable supplies market by exhibiting a CAGR of 2% in the evaluation period.
  • By product type, the disinfectants and deodorizers category is set to generate nearly 21.1% of the global horse stable supplies market share by 2032.
  • Based on sales channel, the specialty stores segment is projected to generate lion’s share in the horse stable supplies market by the end of 2032.

“Increasing participation of people living in low- and middle-income countries in equestrian sports is expected to bode well for the global horse stable supplies market during the forecast period,” says a FMI analyst.

Competitive Landscape: Horse Stable Supplies Market

Industry leaders have maintained their positions in the global horse stable supplies market by constantly innovating their existing product line-ups. They are also aiming to provide customers with cutting-edge products that would fulfill their specific needs.

Besides, the global market is set to witness the entry of new companies with rising horse adoption among high-net-worth individuals worldwide.

Key players in the global horse stable supplies market are Burlingham Sports, Manna Pro, AHC Products Inc., Saratoga Horseworks Ltd., Kensington Protective, Little Giant, TuffRider, HorZe, Mountain Horse, Partrade, Tough-1, Farnam Companies, Inc., Martin Saddlery, Gatsby Ltd., K&H Pet, Farm Innovators Co., and Back On Track among others.

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Horse Stable Supplies Market Outlook by Category

By Product Type:

  • Cleaning Supplies
  • Disinfectant and Deodorizers
  • Feeding Tools
  • Horse Accessories
  • Others

By End User:

  • Private
  • Commercial

By Price Range:

  • Economic
  • Median
  • Premium

By Sales Channel:

  • Specialty Stores
  • Supermarkets
  • Direct Sales
  • Online Retailers
  • Retail Stores
  • Other Channels

By Region:

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

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About Future Market Insights (FMI)

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

Contact:

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Aquarium Hydrometer Market to Surpass US$ 2.2 Mn by 2032, Sales are Projected to Increase at a 7% CAGR | FMI

As per a recent market analysis by Future Market Insights (FMI), the aquarium hydrometer market size is forecast to reach US$ 1.1 Mn in 2022. Sales are projected to increase at a 7% CAGR, with the market size reaching US$ 2.2 Mn by 2032

Fish are sensitive to temperature fluctuations in their environment, hence they should be bred in wild water species. The fish will be anxious and susceptible to parasite infection if the aquarium is too cold, and if the aquarium is too warm, the dissolved oxygen levels will rapidly drop, causing the fish to choke in the aquarium. As a result, a proper temperature control system and salt control must be installed. As a result, aquarium accessories are essential.

Due to the increasing fascination with the undersea world and its effect on the atmosphere in homes and other residential and commercial spaces, the worldwide aquarium accessories market has grown in popularity over the years. Aquariums have become a valuable encounter with nature for the younger generation, as well as a source of information about aquatic animals.

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In recent years, keeping fish has been a popular hobby among people all over the world, causing the worldwide aquarium accessories industry to grow at a rapid pace. A well-kept aquarium is one of the most attractive living ornaments that can be found in any home, hotel, restaurant, or another establishment.

“Rising trend of pet humanisation has propelled the interest in pet care and wellness, which is expected to drive sales of aquarium hydrometers for household aquariums. In addition to this, expansion in the pisciculture sector across emerging economies will fuel demand over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Based on sales channel, demand for aquarium hydrometers at online channels will remain high.
  • In terms of product type, sales of swing arm hydrometers will continue gaining traction.
  • The U.S. will dominate the North America aquarium hydrometer market over the forecast period.
  • China will emerge as a lucrative pocket, accounting for a dominant share in the East Asia aquarium hydrometer market.

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Competition Landscape

Leading companies in the aquarium hydrometer include

  • Tropical Marine Centre Ltd.,
  • PetSmart, Petco,
  • Petland,
  • Juwel Aquarium, and
  • Tetra.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global Aquarium Hydrometer, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the Aquarium hydrometer based on by Product Type (Swing arm hydrometers, Floating hydrometers,), by Application (Saltwater aquarium, Freshwater aquarium) by End-use (Residential, Commercial) by Sales Channel (Hypermarkets/Supermarket, Specialty Stores, Multi-Brand Stores, Discount Stores, Salon/Grooming Clubs, Drug Stores & Pharmacies, Online Retailers, and Other Sales Channel), & region.

Aquarium Hydrometer Market by Category

Product Type:

  • Swing arm hydrometers,
  • Floating hydrometers

Application:

  • Seawater Aquarium
  • Freshwater Aquarium

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End Use:

  • Residential
  • Commercial

Price Range:

  • Low
  • Economy
  • Premium

Sales Channels:

  • Wholesale distributors
  • Specialty Stores
  • Supermarket/Hypermarkets
  • Aqua specialty Centre
  • Aquarium shops
  • Pet Care Shops
  • Online Retailers
  • Other Sales Channel

Region:

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

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About Future Market Insights (FMI)

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

Contact:

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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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Pet Perfume Market Sales are Projected to Increase at a 5% CAGR by 2032 | FMI

As per a recent market analysis by Future Market Insights (FMI), the pet perfume market is poised to reach a valuation of US$ 1.4 Billion in 2022. Sales are projected to increase at a 5% CAGR, with the pet perfume market size reaching US$ 1.6 Billion by 2032.

Primarily the pet perfumes were gender-based but the concept of the gender-neutral product is emerging as a major pet perfume market key opportunities and trends. Now, pet perfumes products can be used on pet animals irrespective of their gender escalating the demand for pet perfumes.

As per the analysis, the adoption of pet perfumes has rapidly increased due to the increase in the importance of hygiene and health. The manufacturers operating in the pet perfume market are adopting customer-oriented approaches to make their brands more lucrative surging the pet perfume market future trends. They also focused on producing organic-based products free from alcohol, paraben, and other chemicals but in addition to flower and fruit-based fragrances.

A consumer primarily judges a product based on its features and its long-lastingness. A substantial number of customers are influenced by brand identity. However, not all of them establish brand constancy. Hence, enterprises must build a strong trademark and strengthen their presence across several channels which escalate the pet perfume market opportunities.

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Consumers also judge them based on their efficiency. Therefore, products with higher characteristics are likely to enjoy better goodwill which will be drawn by better convenience and efficiency boosting the sales of pet perfume along with pet perfume market key trnds and opportunities.

Consumers are increasingly adopting e-commerce sites to purchase pet grooming items, as they can offer a wide range of products with special discounts and prices. In addition, e-commerce websites also help make the products as per the specific requirements of the customer, even if the product is not available in the pet perfume market in a specific region.

Factors such as easy availability of products, convenience, and ease of shopping regardless of geographic conditions help promote the channel to purchase products like pet grooming products surging pet perfume market trends.

Key Takeaways from the Pet Perfume Market Study:

  • North America dominated the pet perfume market in 2021, due to the rising number of new product launches and rising pet grooming trends.
  • East Asian and South Asian countries like China, Malaysia, Thailand, and Indonesia are developing as the largest pet perfume market. Numerous reasons are expected to contribute to the industry, like an increase in the pet population, etc.
  • Most establishments depend on social media platforms including Facebook, Instagram, and YouTube to promote their products as one of the prominent pet perfume market
  • By sales channel, e-commercial/online stores are anticipated to hold a noteworthy pet perfume market share of the sales of pet perfume.

“The pet perfume sector is predicted to benefit from the growing e-commerce industry and also innovated natural products. The growing pet population and the expanding trend of pet grooming are expected to act as a driver for the market’s expansion.”- FMI Analyst said.

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Impact of COVID-19 on the Market

The Covid-19 crisis harmed the pet perfume market growth. The COVID-19 pandemic has immensely disturbed the demand for pet perfumes sales to some extent. Consumer flexible spending has decreased, and industries noticed a shift in consumer behaviour toward safer and more trustworthy products.

In addition, limited raw material availability, labour shortages, and component availability have all had a significant impact on pet perfume market growth. Aside from that, the COVID-19 outbreak has resulted in a significant shift in consumer purchasing behaviour. However, the main producers of pet perfume products are emphasizing their e-Commerce channels as well as supplying at-home goods and consumer engagement on their websites through feedback and online reviews.

Who is winning?

Leading manufacturers of pet perfume market are focused on aggressive marketing strategies, advertisements, and new product launches that have driven sales of pet perfume as well as pet perfume market growth.

The major manufacturers in the pet perfume market are Mipuchi, Captain Zack, Odo-Rite, Alpha Aromatics, Boltz, Pets Empire, Bodhi Dog, Earth Bath, South Barks, Lambert Kay, Guangzhou Yilong Daily Chemicals Company Ltd, Arm & Hammer, and Nature’s Miracle among others.

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Market: Segmentation

By Form Type :

  • Spray
  • Liquid
  • Oil

By Animal Type :

  • Dogs
  • Cats
  • Birds
  • Others

By Price Range :

  • Mass
  • Premium

By Ingredient Type :

  • Alcoholic
  • Non-Alcoholic

By Sales Channels :

  • Veterinary Clinics
  • Online Retailing
  • Wholesalers/ Distributors
  • Supermarkets/Hypermarkets
  • Pharmacy/ Drugstores
  • Convenience Store
  • Pet Specialty Stores
  • Other Sales Channel

By Region :

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

Frequently Asked Questions

  • How big is the global pet perfume market?
  • What are the factors driving the pet perfume market?
  • Which country has the highest population of pet dogs in the world?

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About Future Market Insights (FMI)

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

Contact:

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Premium Alcoholic Beverages Market is set to Grow at a CAGR of 9.3% by 2032 | FMI

The global premium alcoholic Beverages market is set to grow at a CAGR of 9.3% and top a valuation of US$ 1.7 Tn by 2032. Rising consumption of premium alcoholic beverage due to their optimal quality and introduction of novel premium alcoholic beverages brands worldwide are some of the factors providing impetus to the growth of the market.

Over the years, demand for premium alcoholic beverages has risen at a healthy pace and this trend is likely to continue during the forecast period, owing to the rising disposable income, growing awareness regarding the benefits of wine consumption, rapid surge in number of wine drinkers across the world.

Similarly, increasing demand for various types of premium alcoholic beverages such as beer, rum, and wine among millennials will create plethora of opportunities for the premium alcoholic beverages manufacturers during the forecast period.

In addition to this, easy availability of premium alcoholic beverages through online shopping platforms will positively impact premium alcoholic beverages sales over the assessment period.

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Key Takeaways from Market Study

  • The premium alcoholic beverages market size reached US$ 11.4 Bn in 2022.
  • By alcohol type, whiskey is likely to be the most remunerative segment in the global premium alcoholic beverages during the forecast period.
  • Based on sales channel, B2C to witness highest premium alcoholic beverages sales through 2032.]
  • The U.S. will continue to remain the most dominant premium alcoholic beverages market during the forecast period.
  • Demand for premium alcoholic beverages to rise at a robust pace in Japan over the assessment period.

“Growing consumer preference for nutritional beverages with optimum quality will create lucrative growth opportunities for the premium alcoholic beverages manufacturers during the forthcoming years,” says a Future Market Insights analyst.

Competitive Landscape

Key premium alcoholic beverages are constantly focusing adopting various strategies such as new product launches, advertisements, price reduction, partnerships to gain a competitive edge in the global market. For instance,

  • In 2021, Dos Equis, a Heineken USA brand, launched a Hard Seltzer named as Dos Equis Ranch Water, which is inspired by the sparkling mineral water, classic West Texas tequila, and lime. The Dos Equis brand has become the largest import brand in Texas with 16.1% growth in the past year.

Key Companies Profiled in Premium Alcoholic Beverages Market are Bacardi Limited, Diageo Plc, Pernod Ricard SA, Gruppo Campari, The Brown-Forman Corporation, The Edrington Group, Heineken N.V., Anheuser-Busch Companies,  LLC, Carlsberg A/S, Miller Coors, Others

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Premium Alcoholic Beverages Market by Category

By Alcohol Type:

  • Beer
  • Wine
  • Whiskey
  • Gin
  • Vodka
  • Rum
  • Others

By Packaging:

  • Bottles
  • Can
  • Jars
  • Tins
  • Others

By Sales Channel:

  • B2B/Direct
  • B2C/Indirect

By Application:

  • Household Segment
  • Hospitality Industry
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & 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:

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report:
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Men’s Pre-Shave Market will Exhibit steady Growth at a CAGR of 5.7% byForecast period 2022 to 2032 | FMI

The men’s pre-shave market is expected to reach Middle East Tourism in 2032, growing at a CAGR of 5.7% during the forecast period 2022-2032. In today’s world, consumers are very conscious about their looks and appearance, which makes them test various cosmetics and personal care products that are available in the market. Due to this, both, the male and female segments are witnessing a rise in the availability of dedicated products in the market.

This critical factor has triggered the demand for men’s pre-shave products. Men’s pre-shave products are primarily used to lessen the risk of developing ingrown facial hair. Men’s pre-shave products soften the hair, which allows a smooth shave, avoiding any kind of cuts, especially at sharp angles that are most likely sites for ingrown hair.

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As of 2017, the male grooming products market was valued at US$ 57.7 billion, which is expected to grow at a CAGR of 5.3% over the forecast period. Today’s male customers are very particular when it comes to shaving as well as the shaping of the beard.

The men’s grooming market has witnessed a significant growth over the past couple of years, especially because of the millennial population. When it comes to shaving, male customers make sure their beards are styled, along with a smooth shave experience as well.

This main critical factor has triggered the demand for various shaving tools and products. Men’s pre-shave products are thus enduring high demand among the target customers. There are various critical benefits associated with the use of men’s pre-shave products. Men’s pre-shave products ensure that natural moisture isn’t lost or compromised as far as the skin is concerned.

Men’s pre-shave products facilitate softer whiskers, making it easier to shave without resulting in any cuts. However, one of the main applications of men’s pre-shave products is to prevent ingrown facial hair.

Men’s Pre-Shave Market: Key Players

Examples of the prominent players operating in the global Men’s Pre Shave market are The Procter & Gamble Company (Gillette), Combe Incorporated, Naveh Pharma Ltd., The Real Shaving Co., Pré de Provence, Mountaineer Brand Products, and eShave, LLC., among others.

Men’s Pre-Shave Market: Key Trends

The manufacturers of men’s pre-shave products have been strategizing on coming up with innovative products that cater to the varying needs and requirements of their target segments.

Men’s Pre-Shave Market: Key Developments

  • Due to the rise in the demand for various types of shaving kits, one of the key retailers, Kroger, announced the launch of Bromley’s™ For Men shaving and grooming products, available exclusively at Kroger’s Family of Stores, which include men’s pre shave products as well.

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Opportunities for Men’s Pre-Shave Market Participants

Over the past couple of years, the number of salons and spas have been increasing, due to the rise in the number of beauty-conscious consumers. Shaving, being one of the main needs for most customers visiting salons, men’s pre-shave products have become a mandatory product in most salons.

Thus, the rise in the number of salon establishments has paved the way for the global men’s pre-shave market to generate increased sales.

The men’s pre-shave market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The men’s pre-shave market 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.

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The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Men’s Pre-Shave Market
  • Technology
  • Value Chain of the Men’s Pre-Shave Market
  • Market Drivers and Restraints

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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
Report: https://www.futuremarketinsights.com/reports/mens-pre-shave-market
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Glass Tableware Market is projected to reach US$ 12.8 Bn by 2032, at a CAGR of 3.0% by 2032 | FMI

As per Future Market Insights (FMI), the glass tableware market is expected to reach a valuation of US$ 9.8 Bn in 2022. Sales are projected to increase at a 3.0% CAGR, with the market size reaching US$ 12.8 Bn by 2032.

Higher spending on casual house-ware products such as glass tableware products will drive the demand in the market. Surge in number of households coupled with rise in per capita income is expected to fuel demand for glass tableware in the global market.

Furthermore, shift from plastic tableware products to glass tableware products due to growing use of environment-friendly, recyclable, and biodegradable products is rising. Hence, demand for glass tableware is projected to accelerate over the forecast period (2022-2032).

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Key Takeaways from the Glass Tableware Market Study

  • Based on product type, the tableware and beverage ware is expected to hold considerable share in the market.
  • In the end-use, the commercial segment is expected to witness positive growth over the assessment period.
  • Europe is expected to dominate the global glass tableware market through 2022 & beyond.
  • In terms of sales channel, the convenience store is anticipated to hold the major market share during the forecast period.

As the tourism industry continues its global expansion, demand for eco-friendly and environmentally sound glass tableware is on the rise. Through 2032 this market will see steady growth with a projected 9% increase per year!

“Expansion of hotel & catering industry in emerging countries such as India and China has fueled the growth of the glass tableware industry. Moreover, glass tableware products are widely preferred in residential areas apart from commercial areas mainly due to their aesthetic appeal that also contributes towards kitchen decor,” says an FMI analyst.

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Who is winning?

Mergers and acquisitions, as well as product development and innovation, are among the techniques companies are using to increase their market share. Further, companies are coming up with discount offers to gain new customers.

Adding new features and functionality is a major concern for companies. Major players present in the glass tableware market are:

  • Lenox Corporation
  • World Kitchen LLC
  • ARC International S.A.
  • Anchor Hocking LLC
  • Sisecam Group
  • Libbey Inc.
  • Borosil Glass Works Ltd.
  • Bormioli Rocco Group
  • LaOpala R.G. Ltd.
  • Kavalier Glass A.S.
  • Others (as per request)

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Market by Category

By Product Type:

  • Beverage Ware
  • Tableware
  • Baby Bottles
  • Others

By End-Use:

  • Household
  • Commercial

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Multi-brand Stores
  • Convenience Stores
  • Online Retailers
  • Wholesalers & Distributors
  • Other Sales Channels

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The 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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Christiana Corporate, 200 Continental Drive,
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Report:
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Pet Apparel Market will reach valuation of US$ 5.1 Bn by 2022 and is expected to grow at CAGR 5.0% by the end 2032

The market for pet clothing market is anticipated to reach a value of $7 Bn by 2032, with sales increasing at a CAGR of 5% throughout that time.

The growing trend of pet humanization across the globe is anticipated to boost market growth. Sales in the market are being driven by the introduction of upscale pet clothing created through partnerships with well-known fashion brands like H&M and Ralph Lauren.

The prevalence of pet fashion influencers, small pet apparel firms, and improvements in product design are also contributing to the industry’s rising trajectory. For instance, Boobie Billie, the fashionable Instagram dog, just unveiled a high-end clothing line. Recently, Dsquared2 and Poldo Canine Couture worked together to create a comprehensive line of dog apparel and accessories.

Demand for pet gear is anticipated to increase due to the existence of non-profit groups devoted to animal welfare. The market will grow as a result of demand from animal shelters, animal protection groups, and communities that are worried about stray animals.

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Key Takeaways:

  • Based on product type, sales of shirts & tops will increase at a considerable pace over the forecast period.
  • In terms of pet types, the dog segment is anticipated to remain most lucrative through 2032.
  • By sales channel, demand for pet apparel across online retail channels will continue rising.
  • The U.S. Will dominate the North America pet apparel market over the forecast period, with sales growing at a 4% CAGR through 2032.
  • Demand in the India pet apparel market is expected to increase at a 5% CAGR over the assessment period.

Competition Landscape

Leading manufacturers of pet apparels are focusing on aggressive promotional strategies, advertisements, and new product launches to improve sales in the market.

Key players operating in the global pet apparels market include Pet Factory Company, ABO Gear, Body Glove Pet, Good2Go, Hip Doggie, Moshiqa, Petstock, Hunter International GmbH, Insect Shield, MILK&PEPPER, and Bedhead Pajamas Inc.

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Global Pet Apparel Market by Category

By Product Type:

  • Coats
  • Jackets
  • Shirts & Tops
  • Sweaters & Hoodies
  • Others

By Material Type:

  • Cotton
  • Polyester
  • Lenin
  • Others

By Pet Type:

  • Dogs
  • Cats
  • Others

By Sales Channel:

  • Supermarket/Hypermarkets
  • Wholesalers/Distributors
  • Direct sales
  • Pet Specialty Stores
  • Online Retailers
  • Other Sales Channel

By Region:

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

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About Future Market Insights (FMI)

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

Contact:

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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