Commercial Aircraft Wings Market Assessment and Key Insights Analyzed Till 2028

One of an aircraft’s most crucial components are the wings. Wings are crucial to the lifting of the airplane’s weight, passenger fuel, etc., which is necessary for it to fly. To create and ensure correct aerodynamic forces, wings are built with streamlined cross sections. Due to the three-dimensional shape of a commercial aircraft wing, which is employed for both lift and drag, the design and shape are given careful consideration.

In order to safeguard appropriate and maintained efficiency, comfort, safety and reliability, the commercial aircraft wings are witnessing several innovation in terms of design and technology. Growing demand in performance and production rates of aircrafts is estimated to fuel the demand for advanced commercial aircraft wings. This in turns is expected to contribute to the growth of the global commercial aircraft wings market in the coming years.

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Commercial Aircraft Wings Market: Dynamics

The air travel passengers are increasing day-by-day across the globe, with an establishment of more than 700 routes for better connectivity. According to the International Air Transport Association, the Asia Pacific passenger traffic rose by 8.3% in 2016. Which is more than the average growth of the last five years, i.e., 6.9%. This growth in passenger traffic is estimated to drive the market of commercial aircraft wings market during the forecast period.

The replacement of aging aircrafts is also estimated to boost the demand for commercial aircrafts wings. According to an estimate by the leading aircraft manufacturer, Airbus, it is projected that nearly 11,000 passenger aircrafts need to be replaced, largely in the single-aisle segment in the next two decades. Emerging environmental concerns, new regulations and airspace modernization will also contribute to larger backlog of aircraft orders consequently adding to the commercial aircraft wings market

Growing demand for lightweight materials with several properties such as high strength, good electrical and thermal conductivity, good chemical resistance, corrosion resistance, and temperature resistance can be a very complex task for the manufacturers. In order to maintain the position in the global commercial aircraft wings market, the manufacturers may have to strategically focus on their research and development sector to develop a range of innovations in the technology.

The ongoing trend gaining momentum in the global commercial aircraft wings market is the increasing demand for usage of alternative materials. At present, aluminium alloy is used as a material in aircraft wings. However, due to it’s certain disadvantages manufacturers are seeking for new materials such as titanium, aramid fabrics, and glass reinforced fibres, among others.

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Commercial Aircraft Wings Market: Regional Outlook

With the increasing number of airports and modernization of the existing ones, the global commercial aircraft wings market is expected to witness a significant growth during the forecast period. Presence of large number of manufacturers in North America and Europe is expected to contribute to the growth of the commercial aircraft wings market.

Growing economy and foreign investment in Japan and various countries of Asia Pacific are influencing the growth of the aviation industry, which consequently is expected to drive the growth of the market for commercial aircraft wings in the region during the forecast period.

Commercial Aircraft Wings Market: Key Participants

Examples of some of the key participants operating in the global commercial aircraft wings market are:

  • Airbus Group
  • The Boeing Company
  • Bombardier Aerospace
  • General Dynamics Corporation
  • United Technologies Corporation
  • Lockheed Martin Corporation
  • Saab
  • Mitsubishi Heavy Industries Ltd.

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Commercial Aircraft Wings Market: Segmentation

The global commercial aircraft wings market can be segmented by type of commercial aircraft, type of wing, shape of wing and aspect ratio.

By type of commercial aircraft, the global commercial aircraft wings market is segmented as:

  • Passenger Aircraft
  • Corporate jets
  • Freighter
  • Others

By type of wing, the global commercial aircraft wings market is segmented as:

  • Fixed-wing aircraft
  • Rotary wing aircraft

By shape of wing, the global commercial aircraft wings market is segmented as:

  • Delta wing
  • Straight wing
  • Swept back wing

By aspect ratio, the global commercial aircraft wings market is segmented as:

  • Low aspect ratio
  • Moderate aspect ratio
  • High aspect ratio

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Disposable E-Cigarettes Market is expected to be Valued at US$ 6.34 Billion in 2022

The global disposable e-cigarettes market to be valued at US$ 6.34 Billion in 2022. With growing demand for non-tobacco products owing to rising health concerns among others, the overall demand for disposable e-cigarettes is projected to grow at a CAGR of 11.2% between 2022 and 2032, totaling around US$ 18.32 Billion by 2032.

Disposable e-cigarettes are assumed to be a safe alternative to rechargeable e-cigarettes, which in turn is expected to fuel the market growth during the forecast period. Additionally, increasing acceptance of different vaping devices among young adults and adolescents is set to fuel the growth of the Disposable E-cigarettes Market.

The key players in the market started offering these products online through various e-commerce websites such as Amazon. According to an article published by Truth Initiative, in June 2021, online retail for e-cigarettes including disposable products was 28%.

In addition, the availability of approved disposable e-cigarettes from various health bodies such as the National Medical Products Administration (NMPA), as a better alternative to tobacco smoking, will integrate well with the growth trend.

The rising traction of using disposable e-cigarettes among consumers, especially the millennial population, is expected to accelerate the market in the forthcoming years. Key players are launching new and innovative products to comply with the growing demand for these products among consumers.

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For instance, in January 2021, Dinner Lady, a U.K.-based vape brand launched a disposable vape pen, available in eight flavors, including Lemon Tart, Banana Ice, Citrus Ice, and Strawberry Ice. The initiative was taken to support consumers in terms of health, and bring them towards more sustainable options from combustible cigarettes.

North America dominated the disposable e-cigarettes market and accounted for the maximum revenue share of 49.8% in 2021. The increasing popularity of flavoured disposable e-cigarettes offered by brands such as Puff Bar, Vuse, and Suorin, is one of the major factors that is expected to drive the growth of the industry in the region.

Key Takeaways from the Market Study

  • Global Disposable E-cigarettes Market was valued at US$ 6.34 Billion by 2022-end
  • From 2017 to 2021, Disposable E-cigarettes demand expanded at a CAGR of 5.6%
  • By Flavour, the Non-Tobacco category is expected to constitute the bulk of Disposable E-cigarettes Market during the forecast period.
  • By Distribution Channel, the Offline segment dominates the Disposable E-cigarettes Market.
  • From 2022 to 2032, Disposable E-cigarettes sales are expected to flourish at a CAGR of 11.2%.

“Demand for non-tobacco products is expected to augment the growth of the disposable e-cigarettes market in the near future. It has been observed that older people prefer this product as it does not have any negative effect on health,” remarks an FMI analyst.

Competitive Landscape

Players in the global Disposable E-cigarettes Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In May 2022, Flawless, one of Europe’s largest vaping distributors signed an exclusive agreement with the leading Chinese manufacturer of vape disposables, ELF BAR, to create the Gee600 disposable device, for the U.K.’s vape and FMCG sector.
  • In April 2022, Vaptex launched a new vape device GORIN MAX 4500 puffs adjustable airflow disposable pod, which extends some features between TAKIN and GORIN for a better combination for all vapers
  • In August 2019, VPR Brands, a market leader and pioneer in e-cigarettes and vaporizers for nicotine, cannabis, and cannabidiol (CBD), announced the re-launch of its most popular e-cigarettes brand, KRAVE, an exceptional tasting, high-quality alternative to cigarettes.

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Know More about What the Disposable E-cigarettes Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Disposable E-cigarettes Market, providing historical data for 2017-2021 and forecast statistics from 2022-2032.

To understand opportunities in the Disposable E-cigarettes Market, the market is segmented on the basis of product, portability, and application across five major regions.

About Consumer Product Division at Future Market Insights

The consumer product team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Key Segments Covered in the Disposable E-Cigarettes Industry Analysis

Disposable E-Cigarettes Market by Flavour:

  • Non-Tobacco Flavoured Disposable E-Cigarettes
  • Tobacco Flavoured Disposable E-Cigarettes

Disposable E-Cigarettes Market by Distribution Channel:

  • Online Distribution Channel of Disposable E-Cigarettes Market
  • Offline Distribution Channel of Disposable E-Cigarettes Market

Disposable E-Cigarettes Market by Region:

  • North America Disposable E-Cigarettes Market
  • Latin America Disposable E-Cigarettes Market
  • Europe Disposable E-Cigarettes Market
  • Asia Pacific Disposable E-Cigarettes Market
  • Middle East & Africa Disposable E-Cigarettes Market

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Automotive Soft Trim Interior Materials Market 2022 | Present Scenario and Growth Prospects 2032

The market for automobile soft trim interior materials is anticipated to increase from US$ 5743.6 million in 2022 to US$ 9179 million by the end of the forecast period, indicating a CAGR of 4.8%.

Automotive Soft Trim Interior popularly known as “Soft Trims” belongs to automotive interiors segment being a part of the automotive ancillaries sector. The nomenclature is derived from the nature of the product application compared to the hard exterior body & spare parts of the vehicle. It is used in seats, doors, floor liners, pillar covers, cockpit, headliners, etc. of the vehicle. The material used is primarily of 3 types: Leather, Textile/Fabric & Chemical Polymers. Leather is used in Premium automobile models, whereas the latter two cater to Mid & Base Level models in exterior furnishing/covering as well fabrication of core interior body parts. The product has a blend of critical traits more than just the aesthetics aspect; such as Acoustic Control, Durability & Ergonomics, and Feather Weight Capability.

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Automotive Soft Trim Interior Market Dynamics & Trends

The entire 4 wheeler-Automotive vehicle segments such as Light Motor Vehicles, Heavy Commercial Vehicles etc. are major consumers whom the product caters to. It has both OEM & Aftermarket channel sales market. Leather, Coated Fabrics & Textiles is used for seats, door-side handles, head rests, arm-rests, seat belts, fasteners & cockpit sections. The premium/luxury model of the vehicle employ leather type whereas the standard models employ the latter types owing to the material quality & its associated cost. Foams & Acoustic Barriers are used in auxiliary interior body parts.

The product is thus driven both by the automotive OEM for their varied models as well as by end user as per his budget. It can be noted that the existing manufacturers of this material already have a sound access to procurement chemicals & related raw materials. The companies can be a registered to a particular or multiple automotive OEMS which is a determining factor of the company’s standing in the market. These companies are also focusing on different strategies such customized design in order to maintain the market share in the market. Continuous emphasis on new product innovation development by automotive OEMs exists to maintain the competitive advantage by providing more efficient & economic options in the market during the forecast period.

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Automotive Soft Trim Interior Market: Regional Outlook

Geographically, the Automotive Soft Trim Interior industry can be divided by major regions which include North America, Western & Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. America, Germany, China and Japan are the major producing nations. In terms of raw materials, Middle East & African countries are major suppliers of Leather; Chemicals by North America, Europe & Asia Pacific including Japan. The market is projected to grow at a steady growth rate. The market would be volume driven across all regions & vehicle segments. Market coverage in existing & untapped regions with OEM order bank would be critical to the company’s business.

The market does not sees any immediate or external threat at present, only material substitution by advanced types may cannibalize the existing material types.

Automotive Soft Trim Interior Market Players

Some of the players and manufacturers across the value chain of the automotive soft trim interior materials market are:

  • NHK SPRING Co., Ltd
  • Faurecia Interior Systems, Inc.
  • Lear Corporation.
  • SEIREN Co., Ltd.
  • Grupo Antolin
  • Magna International Inc.
  • Toyoda Boshoku Corporation
  • TS TECH CO., LTD.
  • Adient plc
  • GST AutoLeather
  • Mayur Uniquoters Limited
  • The Haartz Corporation
  • Recticel NV/SA
  • Auto Trim
  • Classic Soft Trim

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Key Segments Profiled in the Automotive Soft Trim Interior Materials Market Survey

By Material Type:

  • Fabric
  • Leather
  • Thermoplastic Polymers (Includes PVC)
  • Thermoplastic Elastomers
  • Thermoplastic Olefins (TPO)
  • Thermoplastic Polyurethanes (TPU)

By Application:

  • Door Trim
  • Seating
  • Cockpit and Dashboard
  • Pillar Trim
  • Headliner
  • Floor/Acoustic Systems
  • Trunk

By Vehicle Type:

  • Passenger Cars
  • Sub-Compact
  • Compact
  • Mid-Size
  • Sedan
  • SUV/MUV
  • Luxury
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

  • North America
  • Latin America
  • The Asia Pacific
  • MEA
  • Europe

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Window Air Conditioners Market is Expanding as a Result of Rising Disposable Income

The global window air conditioners market is expanding as a result of rising disposable income and expanding urban infrastructure in the majority of the world’s regions. Technology developments like improved efficiency and low power consumption are also being seen in the window air conditioner industry.

Air conditioners have also developed into a necessity with technological improvement, not just in the summer but also during the winter. In many parts of the world, air conditioners are no longer seen as a luxury item, but rather as a necessity.

The growing market penetration of the global window air conditioners market is demonstrated by the rising demand for window air conditioners around the world. Although window air conditioners are not far behind split air conditioners in terms of income creation on the global market, they are not far behind.

The market for window air conditioners is also divided based on the industry in which they are used, with residential, commercial, and industrial sectors all using window air conditioners. However, the residential sector is where window air conditioners are most commonly used in the worldwide window air conditioner market.

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Window Air Conditioners Market: Drivers & Restraints

Some of the factors driving the growth of the global windows air market in the developing regions include various technological advancements over the past few years, increasing infrastructure development particularly pertaining to real estate projects including both residential and commercial sectors, increase in purchasing power, and urbanisation.
Extreme weather conditions and the expansion of the tourist and hospitality industries are other factors driving the worldwide window air conditioners market.

The global window air conditioners market is slowly recovering from the 2008 financial crisis. The worldwide window air conditioners market is being driven by the trend toward star labelling and standardisation of window air conditioners, which was sparked by environmental concerns and energy efficiency.

The price and limitation of space might be some of the challenges for the growth of global window air conditioners market.

Window Air Conditioners Market: Region-wise Outlook

Asia-Pacific excluding Japan is one of the regions where the demand for window air conditioners is expected to expand. This is because window air conditioners are specifically priced between split air conditioners and portable air conditioners and the region is frequently seen as a price-sensitive market.

Window air conditioners effectively overcome the drawbacks of portable air conditioners, which is driving up demand for window air conditioners globally. On the other hand, consumers’ preferences are shifting toward the global window air conditioners market as a result of the high cost of split air conditioners.

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Window Air Conditioners Market: Key Players

There are many large participants on the international window air conditioners market. Daikin Industries, Ltd., Mitsubishi Electric Corporation, Panasonic Corporation, Hitachi, Ltd., Samsung Electronics, and other companies are some of the industry participants for window air conditioners worldwide.

The study report provides a thorough analysis of the market and is filled with intelligent observations, information, historical facts, and market data that has been statistically backed and verified by the relevant industries. It also includes estimates made utilising the appropriate methodology and set of assumptions. According to market segments including regions and End Use industries, the research study offers analysis and information.

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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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Pre-Shave Care Market to Grow at a 5.3% CAGR, Pushing the Industry Size to US$ 13.4 Bn by 2032

The pre-shave care market is projected to US$ 13.4 Bn by 2032. Market size is anticipated to reach US$ 7.9 billion valuation in 2022 , growing at a 5.3% CAGR.

Increasing demand for men’s grooming products is expected to create opportunities for growth in the pre-shave care market. Manufacturers are investing in advertising techniques, along with research and development to cater to the growing demand.

Men’s grooming routines among all age group have become more elaborate over the years, resulting in the development of numerous male grooming products, including pre-shave care products.

Further, consumers are getting more inclined towards getting pedicures, facials, and aromatherapy. Sales of men pre-shave care products are expected to grow significantly, owing to rising urbanisation and a growing tendency toward individualism.

In addition to this, increasing popularity of websites that sell men’s health and fitness products, as well as the rising number of magazines focused on men’s grooming and lifestyle, are contributing to the growth in the market.

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Key Takeaways:

  • Based on product type, sales of pre-shave foam are projected to grow at a 5.6% CAGR over forecast period.
  • By nature, demand in the natural segment will increase at a 7.9% CAGR over the forecast period.
  • In terms of price range, the mid-range segment will account for 55.6% of the total market share in 2022.
  • Based on sales channel, sales in the online segment will grow at a 8.3% CAGR through 2032.
  • The U.S. pre-shave care market accounted for 87.9% of the North America market share in 2021.
  • Germany held over 25.7% of the Europe pre-shave care market in 2021, and the trend is expected to continue over the forecast period.
  • In 2021, India accounted for 37.7% of the South Asia pre-shave care in 2021, emerging as a lucrative pocket in the region.

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Competition Landscape

Leading manufacturers of pre-shave care products are focusing on aggressive promotional strategies, advertisements, and new product launches to improve sales in the market.

Major players present in the pre-shave care market are Claus Porto, Edgewell Personal Care Company, L’Oreal SA, Kiehl, Johnson & Johnson, Bold For Men, Energizer Holdings, Inc., Malhotra Shaving Products Ltd, Acqua DI Parma, Beiersdorf AG, Godrej Group and Siemens Healthcare among others.

Global Pre-Shave Care Market by Category

By Product Type:

  • Pre-Shave Foam
  • Pre-Shave Cream
  • Pre-Shave Gel
  • Pre-Shave Soap
  • Other Pre-Shave Products

By Nature Type:

  • Natural/Organic
  • Conventional

By Consumer Orientation:

  • Men
  • Women

By Price Range:

  • Low
  • Medium
  • Premium

By Sales Channel:

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

By Region:

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

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Hand Sanitizer Market at Reach at 2.81 USD billion by 2030 and Estimated 1.62 USD billion in 2022 and

The Hand Sanitizer Market is projected at 1.62 USD billion in 2022 and to reach 2.81 USD billion by 2030, at a CAGR of 6.59% from 2015 to 2030. Share of Hand Sanitizer market in its parent market (Health Care market) is approximately ~2.0%-5.0%.

Presently, the coronavirus outbreak across the globe has resulted in soaring sales of hand sanitizers as they help reducing the risk of catching certain bacteria and infections. In addition to this, the rising awareness about benefits of hand hygiene practice among people across the globe will fuel demand in the market.

Additionally, campaigns by governments and several businesses to raise awareness of the precautions that should be followed during a coronavirus outbreak have had a favourable impact on hand sanitizer sales all around the world.

Since the virus’s breakout, sales of hand sanitizers have increased significantly for both big and small businesses. For the creation of hand sanitizer, several governments around the world have also granted licences to new producers, the sugar and distillery industries, and they have assisted them in streamlining the supply chain process to meet the rising demand.

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Covid-19 which had started in China, is now labelled as a pandemic worldwide. As of 7th April, 2020, the total positive cases recorded across the globe were 1.3 Mn and 76,344 total number of deaths. It has effected 209 countries and territories so far.

Except essential products and services, all businesses are temporarily under lockdown which is impacting the global economy. Online retailers also face various challenges in product delivery due to country lockdown, and low stock availability.

However, initiatives taken by various governments’ across the globe to create awareness among people and check the growth rate of people getting infected. This shows positive sign of regularity in coming quarter for few countries such as China, India etc.

On the back of these factors, the global hand sanitizer market is estimated to be valued at ~US$ 1.62 Bn in 2022 and expected to expand at 7.14% CAGR during the forecast period of 2022-2030.

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Key Takeaways from the Hand Sanitizer Market Study

  • North America is expected to dominate the global hand sanitizer market owing to rise in prevalence of COVID-19 disease among people in US and states. Moreover, the healthcare facilities are installing new hand hygiene technology and relying on it to change hand hygiene behaviour among staff and visitors, are the factors driving the hand sanitizer market in the region.
  • East Asia is expected to retain its dominance in the global hand sanitizer market, due to expanding government initiatives to promote the usage of hand hygiene products in order to reduce infections along with increase product availability at hospitals and other healthcare centres in the region.
  • According to the report, prominent players and new manufacturers have significantly increased their production capacity to ensure the continuous supplies of hand sanitizer across the globe due to the rise in demand for such products among households, hospitals, and other healthcare facilities.

Packaging, a Key To Brand Differentiation to Propel Hand Sanitizer Sales

People are likely to be more attracted to innovative packaging of hand sanitizers as compared to impact of key ingredient in the products. Thus, innovative packaging design, new product colour is expected to boost sales of the hand sanitizer worldwide. Unilever PLC, Henkel AG & Company, KGaA and other companies uses attractive packaging strategy to increase their sales of hand sanitizers.

In addition, with the increasing adoption of hand sanitizer among people manufacturers are now focused on selling premium hand sanitizer to expand their product portfolio and market share. The premium hand sanitizer with key ingredients and different functionality including moisturizing, germ killing, fragrances, and many more is significantly taking retail space across the globe. Moreover, people are now ready to spend on premium sanitizer due to their high concern for health.

“Due to SARS and MERS coronavirus outbreak various organizations have significantly shifted their production line to produce alcohol based hand sanitizer. Moreover, prominent raw material suppliers have also increased their production capacity to develop ethanol or ethyl alcohol, and Isopropyl ingredient to support the production of hand sanitizer worldwide,” says an FMI analyst.

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Who is winning?

Some of the key players operating in the hand sanitizer market are The Procter and Gamble Company, Gojo industry Inc., Reckitt Benckiser Group PLC, Best sanitizers Inc., The Himalaya Drug Company, Henkel Corporation, Unilever, Kutol Products Company, Linkwell Corporation, Vi-Jon Laboratories, Inc., Chattem Inc., Cossmic Products, Carroll Company, Seatex Ltd., and Guangzhou Beaver Cosmetic Co., Ltd.

Several leading hand sanitizer players are launching new innovative products with multiple features due to increasing consumer interest in chemical free products and significantly focuses on promotional activities to create awareness among people. At present, manufacturers are focusing on increase in production capacity to have a surplus inventory and cope up with growing market demand as well as increase product availability in the retail shelf space.

  • In March 2020, The Procter and Gamble Company has increased its production capacity and distribution of hand sanitizer in five manufacturing facilities around the globe. In the coming days, company’s production facility will expand to five additional location worldwide with the capacity of 45,000 litres per week.
  • In March 2020, Unilever entered into a strategic partnership with UK government and co-fund a US$ 61.1 Bn hand washing campaign to create awareness among people during the ongoing Covid-19 pandemic. Campaign to reach people through TV, Radio, Print, Social, and digital media Channel.

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Smart Shoe Market is Projected at US$ 231.4 Mn in 2022 and Reach US$ 608.2 Mn by 2032

The smart shoe market is estimated at US$ 231.4 Mn in 2022 and is projected to reach US$ 608.2 Mn by 2032. The market grew at a CAGR of 7.6% from 2016 to 2021. The smart shoe market holds a minor amount of share of ~0.5% in the overall footwear market, but it is anticipated to alter over the next decade.

As increasing consumer proclivity for health and fitness related products has been elevating the prospects of smart wearables landscape, it is highly likely that smart shoes will also establish a firmer base in coming years. Functional capabilities of smart shoes tracking the data of running or walking, running routes, calories burned, and activity speed will continue to place smart shoes in today’s desirable products category.

Other important technologies such as GPS navigation are also likely to uplift applicability of smart shoes in the tech savvy age.

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According to FMI’s analysis, navigation shoes will remain bestselling in the smart shoe market, accounting for more than half of the global smart shoe sales. Step counting smart shoes are also cited as a popular category among consumers of smart shoes.

With leading manufacturers of smart shoes concentrating on enhancing overall customer experience by investing more efforts in improving the cushioning effect, stability, road-holding ability, breathability, shock absorption, and light weight, the report is anticipating more innovation in the smart shoe industry, translating into higher traction for innovative offerings in the smart shoe category.

Key Manufacturers of Smart Shoes Preferring Technological Collaborations, Targeting New Product Launches

The market is dominated by global brands such as Under Armour, Nike, and Puma among others. However, the study highlights that Chinese players have been strategizing on strengthening their market footprint, recently, boosting the level of competition further.

Moreover, relatively smaller, private-label brands are securing their position in the global smart shoe market by offering competitively priced products, which is likely to emerge as a point of concern for industry giants in the long run.

From Nike’s self-lacing sneakers launched a couple of years ago, followed by Li Ning’s smart shoes enabled with military-grade motion sensors, in partnership with Xiomi, product innovation has been the most preferred developmental strategy among leading players.

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Over innovation, leading companies in smart shoe market are entering strategic partnerships with tech giants. The strategic partnership between SR Max (SR Max Slip Resistant Shoes) and Sole Power, LLC to jointly develop self-charging smart work boots, and that between Genesis Rehab Services and Sensoria Fitness for the development of a smart footwear product for diabetes patients, mark some of the recent examples.

Puma’s relaunch of the oldest RS-Computer Shoes (2018) initiated a trend wave of launching older products in the category, with technological and feature upgrade.

The report has a dedicated section for strategic profiles of some of the most prominent players actively competing in the global smart shoe market landscape. A few among them include Puma, Under Armour, Adidas, Li Ning (Xiaomi), Nike, Salted Venture, Digitsole, Orphe, Powerlace, Intellinium, GTX Corp, Lechal Company, EasyJet, and E-Vone.

Smart Shoe Market By Category

By Product Type:

  • Step Counting Shoes
  • Positioning Shoes
  • Navigation Shoes

By End User:

  • Adult
  • Children
  • Senior Citizen

By Consumer Orientation:

  • Male
  • Female
  • Unisex
  • Boys
  • Girls

By Application:

  • Healthcare Footwear
  • Smart Safety Footwear
  • Sports Footwear
  • Comfort Footwear

By Sales Channel:

  • Modern Trade
  • Convenience Stores
  • Specialty Stores
  • Multi-Brand Stores
  • Online Retailers
  • Other Sales Channel

By Region:

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

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Automated Parcel Delivery Terminals Market Anticipated To Registering 10.9% CAGR During The Forecast Period 2022-2032

According to a market study, the global market for automated parcel delivery terminals market is expected to reach US$ 639.9 million in 2021 and US$ 2.0 billion in 2032, growing at a compound annual growth rate of 10.9% from US$ 720 million in 2022.

It is anticipated that e-commerce and internet usage will grow faster than the market’s adoption of automated parcel delivery systems. In recent years, the market has grown due in part to global digitization, the promotion of cashless transactions globally, the expansion of the logistic industry, and others.

“The switch from B2B to B2C operations and the adoption of hardware-as-a-service offer a practical way to launch parcel terminal operations, spurring the growth of automated.

The expansion of e-commerce businesses and internet penetration is expected to outpace the market’s increase in the use of automated parcel delivery systems. Global digitization and the promotion of cashless payments around the world, as well as the expansion of logistics businesses, have all contributed to the market’s growth in recent years.

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According to industry estimates, the global market for automated parcel delivery terminals will reach US$ 720 million by 2022 and is expected to reach US$ 2 billion by 2032, with a CAGR of 10.9 percent from 2022 to 2032.

With the growing adoption of innovative distribution channels, market participants are experiencing new methods of parcel delivery. E-commerce firms, retailers, and manufacturers are collaborating to meet consumer demands in real time while reducing operational costs.

Companies are integrating technological advances such as proactive maintenance, facial recognition, remote monitoring, and IoT-based services to provide personalised service to customers. All of these factors are driving market growth for automated parcel delivery terminals.

Key Takeaways:

  • The market value of automated parcel delivery terminals was US$ 639.9 Mn in 2021 and is projected to reach a value of US$ 720 Million in 2022 with a CAGR of 10.9% during the forecast period.
  • Indoor Terminal automated parcel delivery terminals segment to expand at a CAGR of 10.5% during the forecast period.
  • In the forecast period, the shipping and logistics firm is expected to grow at a compound annual rate of 11.3%.
  • In the U.S., the market is predicted to reach US$ 142.3 Million while growing at a CAGR of 19% during the forecast period.
  • Japan is expected to reach a CAGR of 17.5% during the forecast period between 2022 and 2032.

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“Innovative APMs are being rapidly expanded as part of the long-term goal by vendors in order to establish a nationwide network of APMs and parcel pick-up sites at partner shops in the future, which will help to expand the market.” 

The convenience of on-time delivery, hassle-free returns, and growing consumer interest in online shopping will drive the market for automated parcel delivery terminals. Global greenhouse gas emission effects and increased traffic on the road are driving growth in the automated parcel delivery terminal market.

To improve service efficiency and minimize carbon emissions, electric and battery-powered autonomous vehicles are introduced in logistic businesses. Thus, during the forecast period, the advancements in parcel delivery terminals will be driven by improvements in packaging and distribution channels.

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Additionally, smart lockers and delivery terminals are in demand due to internet access, smartphones, and the IoT (Internet of Things). The smartphones provide great ease in verifying, tracking, and streamlining transactions. In addition to the automated terminals, these automated systems are also equipped with POS systems that further simplify the process of paying the bills.

As another aspect, the volume of parcels that are required to be delivered in all cities has grown dramatically over the past few years. It is expected that urbanization and digitization of the parcel delivery industry will continue to shape this industry in the future.

Despite the rise in cross-border transport services and the entry of new market players, the market for automated parcel delivery terminals is expected to be dominated by new players in the future years. The market is characterized by increasing consumer demand for faster delivery, which, in turn, is forcing e-commerce, the food, and retail industries to increase their speedy delivery initiatives.

In the past few years, advancements in technology and digital business processes have accelerated automated market-based delivery processes. Additionally, the development of drones that can deliver packages on time in difficult terrain should allow for automated parcel delivery terminals to enter the market, which will increase the possibilities for logistics companies.

This will improve the quality of the service and make it more efficient and reliable in the market.

Competitive Landscape

Key Players that have been profiled in the report are Keba AG, Cleveron Ltd., Neopost group, Smartbox Ecommerce Solutions Pvt.Ltd., Winsen Industry Co., Ltd., InPost, TZ Ltd., ByBox Holdings Ltd., ENGY Company and Bell and Howell, LLC. Innovative products and technologies will allow customers to benefit from new technologies.

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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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Anti-wrinkle Products Market is Projected to Grow at a CAGR of 5.8% and reach US$ 12.8 billion in 2027

The anti-wrinkle products market to be worth $9.1 billion in 2021. Through 2027, the market is projected to grow at a CAGR of 5.8% and reach US$ 12.8 billion.

Women remain the key demographic for anti-wrinkle products, accounting for nearly 80% of all sales. This segment is likely to grow at 5.6% CAGR through 2027. Surging retail availability of a wide range of anti-wrinkle products, coupled with a dramatic rise in the number of brands providing diverse anti-aging products, is projected to play a significant role in the revenue growth of anti-wrinkle products market.

Skincare has been an important segment driving the personal care and cosmetics industry, of which anti-aging products capture a sizable share. Increasing personal investment in self-grooming, especially anti-aging products, will sustain the sales of anti-wrinkle products in the global landscape.

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At an estimated year on year revenue growth rate of roughly 6%, in 2019 and 2020, global landscape of anti-wrinkle products is likely to witness a prominent push from the premiumization trend that has been shaping anti-wrinkle products space in the recent past

With a current share of just-under a third of the total market valuation, Asia Pacific (excluding Japan) remains the global leader, as indicated by the report. North America, Europe, and Japan are also positioned as attractive investment territories for investors in anti-wrinkle products landscape.

The Visible Rise of Natural & Organic to Shape Market Performance

Holding more than half of the total market value, creams & moisturizers are foreseen to remain the dominant shareholder in anti-wrinkle products market on account of sustained consumer preference for cosmeceuticals based on creams and moisturizers, especially in developing regions.

  • Celebrity endorsements remains a major influencing factor here, according to the report.
  • Posing stiff competition to synthetic anti-wrinkle products, organic and naturally sourced anti-wrinkle products are gaining ground at a brisk pace, according to the report.
  • In addition, the reports points to steadily rising popularity of branded and premium quality anti-wrinkle products as an expanding consumer population is prioritizing quality over everything, before purchasing skincare products.
  • Clean-label anti-wrinkle products continues to constitute a notable trend that holds a strong impact on the purchasing decision of consumers.

Breakthrough Anti-wrinkle Treatment May Hold a Long-term Impact on Anti-wrinkle Products Sales

With an objective to overcome the complexities associated with Botox and a heap of fillers, a breakthrough treatment – Profhilo is launched recently, this year. The treatment is being claimed to rehydrate, moisturize, and retexture aging skin. Emergence of such innovations, following the already popular high-end anti-wrinkle treatments such as Botox and fillers, is likely to hold a considerable impact on the sales of anti-wrinkle products.

“While this could be the situation specifically for a premium consumer segment, it would not be an overstatement to expect its considerable influence on anti-wrinkle products market growth in the long run,” says a senior analyst at FMI.

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The report covers extensive profiles of some of the prominent player’s active in global anti-wrinkle products marketplace, including Allergan PLC; Avon Products Inc., L’Oréal S.A., Unilever, Revlon, Inc., Oriflame Cosmetics AG, Lotus Herbals Limited, Procter & Gamble Co., Nature Republic, and a few others.

Some of the prominent brands leading regional markets, such as Sisley Paris, are maintaining the R&D focus on existing portfolio expansion.  Sisley’s recently launched concentrated anti-wrinkle serum adds value to the company’s previous offerings and is claimed to more efficiently address the typical aging signs that are resultant of multiple environmental, genetic, and behavioral factors. The new launch reportedly includes plant-based ingredients that help optimization of the lifecycle of human skin cells.

A large number of anti-wrinkle products manufacturers are also investing efforts in R&D of innovative, multifunctional formulations that could effectively address multiple aging signs besides wrinkles, simultaneously.

Targeting untapped opportunities in retail and organized sales channels, established companies in anti-wrinkle products market are focusing on enhancing the space on retail shelves and strengthening sales network. Market participants in developing economies are more likely to implement aggressive pricing strategies to remain a step ahead of competitors.

Anti-Wrinkle Products Market Key Segment

By On the basis of product type

  • creams & moisturisers
  • cleansers
  • other products

By On the basis of nature

  • natural/herbal
  • synthetic
  • organic

By On the basis of end-user

  • men
  • women

By On the basis of sales channel

  • pharmacies
  • specialty outlets
  • supermarkets/hypermarkets
  • convenience stores
  • beauty stores
  • e-retailers
  • others

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Table of Content

  1. Global Anti-Wrinkle Products Market – Executive Summary
  2. Global Anti-Wrinkle Products Market Overview

2.1. Introduction

2.1.1. Global Anti-Wrinkle Products Market Taxonomy

2.1.2. Global Anti-Wrinkle Products Market Definition

2.2. Global Anti-Wrinkle Products Market Size (US$ Mn & Volume) and Forecast, 2013-2027

2.2.1. Global Anti-Wrinkle Products Market Y-o-Y Growth

2.3. Global Anti-Wrinkle Products Market Dynamics

2.4. Supply Chain

2.5. Cost Structure

2.6. Pricing Analysis

2.7. Global Cosmetic Products Market Overview

2.8. Global Skin Care Products Market Overview

2.9. Product Evolution Analysis

2.10. Organic, Natural & Synthetic Cosmetics Market Overview

2.11. Ageing Population Analysis

2.12. Consumer Buying Behavior Analysis

2.13. Key Participants Market Presence (Intensity Map) By Region

  1. Global Anti-Wrinkle Products Market Analysis and Forecast 2013-2027 

To be Continue….

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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 5-years.

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Pet Stain Remover and Odour Control Market is Projected to Grow to $8.4 billion in 2022

The global pet stain remover and odour control market to grow to $8.4 billion in 2022. The market size is anticipated to increase by 3.6 percent CAGR, reaching US$ 12.0 Bn by 2032.

According to study, the rising adoption and ownership of pets has resulted in a sharp rise in the use of pet stain removal and odour treatments. To differentiate their businesses from the competition, industry participants are embracing pet-centric strategies.

Brand identity has a big effect on a lot of customers. Not all of them, though, exhibit brand loyalty. Therefore, it is crucial for businesses to have a strong brand portfolio and solidify their presence across many platforms.

Another most important factor that attracts customers’ attention is functionality. At times, consumers often judge them on the basis of their efficiency. Therefore, products with higher features are likely to enjoy superior goodwill which will be drawn by better accessibility and effectiveness.

Consumers are increasingly adopting e-commerce sites to purchase hygiene products like Stain Remover and Odor Control as they provide with an improved choice of products. In addition, several e-commerce sites provide popular brands and comprehensive evaluation of merchandises, making it easy for customers.

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“Consumers’ interest is shifting towards eco-friendly and convenient usage products like cordless stain cleaners, chlorine-free liquids, all-in-one stain removal and odor control sprays. This trend is expected to create opportunities for growth in in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Based on sales channel, demand in the online segment will remain high.
  • In terms of pet category, sales of odour control and strain removal products for dogs will gain traction.
  • The U.S. will dominate the North America pet stain remover and odour control products market over the forecast period.
  • China will emerge as a lucrative pocket, holding a lion’s share in the East Asia market over the assessment period.
  • The U.K. will lead the Europe pet stain remover and odour control market through 2032.

Competition Landscape

Key players operating in the pet stain remover and odour control market are Simple Solution, Angry Orange, Sunny and Honey, Nature’s Miracle, Odo-Rite, Citrus Magic, Skouts Honor Pet Supply Co., Charmypet Co., Ltd., RESOLVE, Woolite, BISSELL, Arm & Hammer, Clorox, OxiClean, Hoover, and Rocco & Roxie Supply Co.

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Pet Stain Remover And Odour Control Market By Category

Product Type:

  • Solution Spray
  • Foam Spray
  • Stain Carpet
  • Powder
  • Stain Liquids

Animal Type:

  • Dogs
  • Cats
  • Birds
  • Other Animals

Price Range:

  • Low
  • Medium
  • Premium

Sales Channel:

  • Wholesalers/ Distributors
  • Supermarkets
  • Online Retailers
  • Pharmacy/ drug Stores
  • Pet Speciality Stores
  • Convenience Store
  • Other Sales Channel

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • the Middle East & Africa

Frequently Asked Questions

  • What is the current market value of the global pet stain remover and odour control market?
  • What are the key trends driving the pet stain remover and odour control market?
  • At what rate did the demand for pet stain remover and odour control products increased between 2017 to 2021?

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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.

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