Surface Water Sports Equipment Market is Projected to Grow at an 11% CAGR Until the Year 2030

Sales of water sports equipment is surging and is expected to continue increasing between 2020 and 2030. According to Future Market Insights (FMI), the surface water sports equipment market is a highly lucrative, and well poised to achieve a growth of over 11% over next ten years. Rising interest of people towards adventure water sports will boost sales.

The market is currently driven by frequent product launches and various technological advancements. For instance the advent of electric vehicles in water sports activities will encourage manufacturers to make their launches more interesting to consumers.

Resultantly, companies will focus on offering better technologies and making their equipment high-performing. Studies suggest smaller companies are likely to focus more on innovations to strengthen their footprint in the global market.

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For instance a New Zealand based startup called Manta5 has recently combined electric vehicle’s technology to that of watercraft to offer an exciting new equipment for surface water sports. It has launched a water bike called XE-1, which is built with carbon fiber hydrofoils on an aluminum frame.

The water bike is inbuilt with a propeller that keeps the craft lifted out of the water as the rider picks up speed. It also has a proprietary gearbox connected to a hybrid chain and shaft drive that allows the craft to stay streamlines.

Driven by the slew of product launches witnessed at regular intervals, the global water sports equipment market will exhibit impressive growth. FMI studies the various factors driving the market in detail in its recent market study.

The report offers a comprehensive overview of the global surface water sports equipment market, covering factors enabling growth and key restraints. It offers in-depth insights into the market. Some of these are:

  • North America is expected to record high demand for surface sports water equipment
  • The market is expected to witness growth at a higher pace in East Asia
  • North America, Europe, and East Asia markets are likely to showcase a high degree of competition. Hence companies are expected to focus on technological advancements and product launches to gain edge
  • Advent of electric vehicles and AI will give significant impetus to the market
  • The unprecedented COVID-19 outbreak is expected to hamper growth. Lack of tourism due to the ongoing pandemic crisis might result in plummeting sales of surface water sports equipment

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Surface Water Sports Equipment Market Key Segment

Product Type

  • Paddle Sports Equipment
  • Ski Sports Equipment
  • Board Sports Equipment

Consumer Orientation

  • Adults
  • Kids

Sales Channel

  • Wholesalers/ Distributors
  • Hypermarkets/ Supermarkets
  • Exclusive Stores
  • Multi-brand Stores
  • Franchise Sports Chain Outlets
  • Independent Sports Outlets
  • Online Retailers

End User

  • Beginner
  • Intermediate
  • Professional

Price Range

  • Mass
  • Premium

Region

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

Surface Water Sports Equipment Market Who is winning?

Some of the leading companies operating in the global surface water sports equipment market are Paddle Surf, AIRE, Naish International, Rave Sports, O’Brien, BIC Sports, Aqua Marine, Belassi, BomBoard, Starboard, Solstice Sports, Surftech, and Johnson Outdoors.

Companies operating in the market usually focus on innovations. FMI observes a higher spending on research and spending to support product launches. While the market exhibits a presence of a significant number of established companies, it also offers immense prospects for smaller businesses and new entrants.

Get Valuable Insights on Surface Water Sports Equipment Market

Future Market Insights, provides an unbiased analysis of the global surface water sports equipment market in its new offering, giving historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights into the market. In terms of product, the market can be segmented into paddle sports equipment, ski sports equipment, board sports equipment.

Based on end user, the market can be segmented into beginner, professional, and intermediate. On the basis of consumer orientation, the market can be bifurcated into adults and kids and based on price range it can be bifurcated into mass and premium. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.

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Women’s Intimate Care Products Market Expanding at a CAGR of 4.1% During 2022 – 2030

The women’s intimate care products market is projected to reach a valuation of US$ 27.73 Bn in 2022, likely to surge at a vigorous 4.1% CAGR from 2022 – 2030.

20-30 The intimate washes is expected to expand at a significant CAGR during the forecast period. The demand for intimate washes is gaining popularity in the market due to rise in health consciousness among consumers and need for personal hygiene products that are not damaging to the skin or environment.

Consumer demand for natural goods is increasing as people become more aware of the adverse effects of chemicals used in feminine hygiene products. As a result of the increased awareness, manufacturers are creating new and creative goods of higher quality and comfort. Diverse product types are being introduced by companies for various applications.

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Acceptance of organic and natural feminine hygiene products such as intimate washes is growing at a significant rate. These products are being manufactured from non-Genetically Modified (non-GMO) certified organic ingredients, which are free from pesticides, chemical additives, synthetic fibres, dyes, fragrances, and chlorine bleach.

East Asia to Remain Prominent in Women Intimate Care Market

In the global women intimate care market, East Asia accounted for maximum share of around 22.6%, in terms of value, in 2018, and is expected to register a CAGR of 6.3% during the forecast period. This is due to significant presence of various domestic and prominent players along with growing government initiatives to promote personal hygiene among women.

Manufacturers are tapping into profit pools by offering products at a subsidized rate in various countries. Increased per capita health care spending on personal hygiene products, is a significant factor boosting the East Asia women intimate care market.

Key Players Focus on Product Development to Gain Competitive Edge

The global women intimate care market is characterized by the presence of several established players, who account for a considerable market share. In the market, majority of prominent players maintain their strategic focus on new product development, product variety, natural and organic product launches, and expansion of sales channels in rural areas.

Leading women intimate care companies are currently focused on research and development activities, new product launches, and various organic certifications to resonate with the growing demand of women intimate care with natural ingredients from regions such as US, Japan, India, China, and European countries such as Germany, Italy, France, U.K., etc.

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How Growth Will Unfold

In the women’s intimate care market, the offline segment is anticipated to account for a significant value share. During the forecast period, this category is likely to stay prominent in the global women’s intimate care market, as firms desire face-to-face engagement with customers in order to connect with them in a friendly manner.

Women Intimate Care Market Taxonomy

The global women intimate care market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Region

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

Key Segments of Women’s Intimate Care Products Industry Survey

Women’s Intimate Care Products Market by Product:

  • Intimate Washes
  • Liners
  • Oils
  • Masks
  • Moisturizers & Creams
  • Hair Removal
    • Razors
    • Wax
    • Depilatories
    • Wipes
  • Gels
  • Foams
  • Exfoliants
  • Mousses
  • Mists
  • Sprays
  • E-products
  • Others

Women’s Intimate Care Products Market by Age Group:

  • 12-19 Years
  • 20-25 Years
  • 26-40 Years
  • 41-50 Years
  • 51 and Above

Women’s Intimate Care Products Market by User:

  • Women With Children
  • Women Without Children

Women’s Intimate Care Products Market by Sales Channel:

  • Online Sales of Women’s Intimate Care Products
  • Offline Sales of Women’s Intimate Care Products
    • Hypermarkets/Supermarkets
    • Drug Stores/ Pharmacies
    • Beauty Salons
    • Others (Departmental Stores, Specialty Stores)

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

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BB Cream Market is Expected to Reach US$ 5,792.9 Million by the end of 2027

According to a recent report by Future Market Insights (FMI), the BB cream market is expected to surpass a valuation of US$ ~ 3,433.2 Mn in 2021 and at a CAGR of approximately ~9.1% through 2027.

Increasing urbanization has led to changes in the lifestyle of consumers which is driving the demand for innovative cosmetic products in the market. Moreover increasing population of working women aged 25 and over is another factor driving sales of premium quality makeup and grooming products including BB creams.

As per the statistics of the Catalyst, less than half (~47%) of all women account for the global workforce. Working females are self-dependent, they tend to spend a decent amount of income on their appearance and hobbies. Women emphasis on personal appearance is a key growth driver for the market.

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Time-saving is another major factor that is attracting customers. Initially, BB creams were introduced to target young people, especially women who want to hide pimples as well as uneven skin tones. Later on, BB creams targeted young mothers who have less time but want to look good without having to engage in complex make-up procedures. Hence, BB creams became a perfect solution for young mothers.

Owing to the above-mentioned factors, BB cream is not only popular among women, but also among men due to increasing consciousness among the latter about their physical appearance, owing to which they spend a considerable amount of time and money to look good.

Also, an increase in disposable income and higher spending power in women is driving sales of cosmetics in the market. Multifunctional beauty products offer long term benefits along with natural and herbal products. These products are offered to consumers at comparatively lower costs thus driving sales in the cosmetic market.

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Key Takeaways from the BB Cream Market Study

  • Among the global BB cream market’s skin type, the largest is Combination, which represents US$ 996.9 Mn of the market in 2021. It is growing rapidly over the course of the forecast period, and this absolute growth is larger than any other segment.
  • The popularity of BB cream has spread to South Asia, mainly in Korea. Apart from its benefits, the fact that it helps to reduce the time required to apply makeup has attracted a large number of women.
  • The rising demand for BB creams was primarily witnessed among the working-class population, which does not have the time to spend on an elaborate make-up routine.

Impact of COVID-19 on the Market

The outbreak of the novel coronavirus pandemic has hampered the demand for cosmetics and personal care products, as the purchasing power of the customers were changed. As per the World Bank, the global economy is poised to stage its most robust post-recession recovery in 80 years in 2021. However, with the public and government support and vaccination drive, again the economy is coming on a track.

Who is winning?

Leading manufacturers of BB cream are focused on aggressive promotional strategies and advertisements that have driven sales growth of BB cream globally. Major players present in the BB cream market are L’Oreal S.A., The Estee Lauder Companies Inc., Shiseido Company Limited, Unilever, Christian Dior SE, Revlon, Inc., Coty Inc., Avon Products Inc., Missha US Inc., The Clorox Company, L’Occitane International S.A., AmorePacific Corporation, Stila Styles LLC, Tarte Inc., Lancome SA, Groupe Marcelle, Bobbi Brown Professional Cosmetics Inc., Physicians Formula Holdings Inc., Clinique Laboratories LLC, Dr. Jart., Shiseido Company Limited, Unilever, Christian Dior SE, Revlon, Inc., Coty, Inc., Avon Products, Inc., and Missha US Inc. 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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Mechanical Locks Market by 2031, Growth is Anticipated to be Constant at 4% CAGR

The mechanical locks market is expected to reach a valuation of approximately US$ 6.5 Bn, expanding at 4% CAGR over the forecast period 2021 to 2031.

Electronic door locks are increasingly getting popular because they eliminate the need for keys and provide automated features such as remote locking and unlocking. The locks can be controlled and monitored with a smartphone application.

These locks come in many variants, comprising coded-entry locks, smartphone-operated locks, biometric door locks, and key card/proximity cards. Electronic locks offer a myriad of benefits such as easy access in the dark, remote access, additional security, and an automatic time-based locking feature.

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Stainless steel mechanical locks are more durable and sturdier and provide optimal protection against harsh environmental factors and wear and tear.

Consumers are increasingly preferring stainless-steel locks over mechanical locks made of other materials due to their cost-effectiveness and easy availability.

Besides this, sales of grade 1 mechanical locks are expected to soar as this grade of locks offers maximum protection. Further, demand for mechanical locks in the U.S. is expected to remain high over the assessment period. The country is anticipated to dominate the North America mechanical locks market, owing to increasing adoption of tubular and two-way locks, along with rising demand for advanced locking systems in recreational spaces.

Key Takeaways:

  • Demand for mortise locks is expected to soar through 2031, owing to high durability and easy accessibility.
  • Grade 1 mechanical locks will remain highly sought-after as they offer the highest degree of protection and can be fitted in all door types.
  • In terms of applications, the external facilities segment is projected to account for the maximum market share of the total mechanical locks market.
  • Based on material, sales of stainless-steel mechanical locks are expected to rise at a steady pace through 2031.
  • The U.S. is expected to dominate the North America mechanical locks market, due high demand for advanced security systems in residential and recreational spaces.
  • The U.K. will continue exhibiting high demand for mechanical locks from the hospitality sector for improved security.
  • China will emerge as a lucrative pocket, accounting for a dominant share in the East Asia mechanical locks market.
  • Japan and South Korea will account for 35% and 21% of the total mechanical locks market share respectively.

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Competitive Landscape

Serrature Meroni Spa, DOM Security, Codelocks Inc., ECO Shulte GmbH & Co. KG, ASSA ABLOY AB, The Eastern Company, Dormakaba Holdings AG, Yale Security, Inc. Winkhaus Austria GmbH, Allegion Plc., Spectrum Brands, Inc., August Bremicker Söhne KG, Draper Tools Ltd, EVVA Sicherheitstechnologie GmbH, and Nuova Oxidal SRL are among some of the leading players operating in the global mechanical locks market.

Top 5 players in the mechanical locks market are expected to account for 10-15% of the total mechanical locks market share over the forecast period.

Leading players operating in the global mechanical locks market are aiming at product portfolio expansions through research and development. Apart from this, players are investing in mergers, acquisitions, collaborations, and partnerships to expand their global footprint. For instance:

  • In August 2021, Dormkaba signed an agreement to acquire Australian Reliance Doors and Best Doors Australia Groups (RELBDA), a leading provider of garage doors, automatic openers, industrial doors, and related hardware like mechanical locks.
  • In September 2020, Mul-T-Locks Group announced its plans to establish a subsidiary in the UAE with an investment of approximately US$ 1.5 Mn.

Mechanical Locks Market by Category

By Product Type:

  • Mortice
  • Cylindrical
  • Tubular
  • Interconnected
  • Deadbolt

By Material:

  • Aluminum
  • Stainless Steel
  • Copper
  • Steel

By Application:

  • Doors
  • Furniture
  • Suitcase
  • External Facility
  • Bicycles

By Grade:

  • Grade Level 1
  • Grade Level 2
  • Grade Level 3

Region:

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

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Perfumes Market is Projected to Grow at a 4% CAGR Over the Assessment Period by 2031

According to a recent report by Future Market Insights (FMI), the perfume market is expected to reach a valuation of US$ 35 Bn in 2021, expanding at a steady 4% CAGR through 2031.

Shifting consumer preference towards natural ingredients in perfumes that offers a unique and soothing aroma is encouraging product developments by manufacturers, thereby augmenting growth of the market.

Rapid urbanization, along with increasing adoption of smartphones has led to more awareness regarding various side effects caused by the undisclosed chemical used in perfumes. In addition to this, rising adoption of perfumes among old-age customers is encouraging manufacturers to use natural ingredients with a pleasant aroma.

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The aforementioned factors are spurring demand for renewable ingredients in perfume manufacturing. Moreover, players are initiating the use of microbial-based natural ingredients in perfumes to increase the spray quality and cater to the demand from environment and health-conscious consumers.

Key Takeaways:

  • Based on the product type, sales of Eau Fraiche are expected to increase at a 4% CAGR over the forecast period.
  • In terms of nature, demand for natural perfumes is projected to surge at a 5% CAGR.
  • Sales of unisex perfumes are expected to grow at a 3% CAGR through 2031.
  • Based on sales channels, the online retailing segment is projected to expand at a 4% CAGR over the forecast period.

Who is winning?

Leading players operating in the perfume market are Estee Lauder Companies Inc., LVMH Moet Hennessey Louis Vuitton, Coty Inc., L’Oréal S.A., Eliabeth Arden Inc., Shiseido Co Ltd., Puig SL., Perfumania Holdings Inc., Avon Products Inc., Hermes International S.A., Natura Cosmetics S.A., Channel S.A., Clarins, Revlon Inc., and Givaudan among others.

As per FMI, top 5 players are projected to account for 15-20% of the total market share.To gain a competitive edge, are investing in promotional strategies marking techniques. For instance:

  • In 2020, Sisleys’s signature fragrance Eau du Soir returned, and the company launched their limited edition infused with delicacy and poetry. The unique scent reflects the sky’s glow to pay homage to the chypre floral notes responsible for the success of Eau du Soir.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global perfume market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031.

The study divulges compelling insights on the perfume market based on the product type (Eau de Parfum, Eau de Toilette, Eau de Cologne, and Eau Fraiche), nature (natural & synthetic), by end-use (men, women, & unisex), sales channel (wholesalers/ distributors, hypermarkets/ supermarkets, specialty stores, multi-brand stores, independent drug stores, online retailers and others), across each of the seven major regions.

Global Perfume Market by Category

By Product Type:

  • Eau de Parfum
  • Eau de Toilette
  • Eau de cologne
  • Eau Fraiche

 By Nature:

  • Natural
  • Synthetic

By End-Use:

  • Men
  • Women
  • Unisex

By Sales Channel:

  • Wholesalers/ Distributors
  • Hypermarkets/ Supermarkets
  • Specialty Stores
  • Multi-brand Stores
  • Independent Drug Stores
  • Online Retailers
  • Others

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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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Gaming Gadgets Market Global Gaming Gadgets Market will hit US$ 145 billion by 2031 | FMI

According to a recent report by Future Market Insights (FMI), the gaming gadget market is expected to surpass a valuation of US$ 145 Bn at a CAGR of over 8.2% through 2031.

The introduction of virtual reality (VR) has significantly reshaped gaming experience in recent years. Some of the leading companies in the gaming gadget market are stressing on an immersive experience. Innovations in technology including graphic quality, VR, AR and processing power coupled miniaturization of devices have played key roles in the electronics and smart gadgets industry. Sega in 2020 announced the miniature Game Gear Micro, a palm-sized device that comes in four colors.

With investments aimed towards technology and product launches with value-added services, the demand for gaming gadgets is expected to grow rapidly during the forecast period. Brands are extensively focused on leveraging their brand position through enhancing retail penetration.

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Brands are actively collaborating with local and regional online retailers to ensure product accessibility in both developed and developing countries. Sega of America, Inc. is one such company with significant local and regional online penetration. These trends are expected to fuel growth in the market.

One trend that is propelling the gaming gadgets market is the rise of eSports. Rising viewership and increasing interest towards e-sports has unlocked new opportunities for gaming gadgets in countries other than China including Vietnam, Malaysia, and Indonesia.

Key Takeaways from the Gaming Gadgets Market Study

  • PlayStation products are expected to hold a noteworthy revenue share of 46.7% in 2021 aided by frequent technical and system updates.
  • Home consoles dominate the market with a wider scope of gaming options from players like Nintendo, Sony, and Microsoft.
  • The U.S. holds a noteworthy value share of 79.4% in North America owing to the rapid upsurge in the number of active gamers in recent years.
  • Thailand is a key market in South Asia reflecting a CAGR of 18.4% owing to higher spending on premium products in thecountry.
  • China showcases major opportunities for the gaming industry owing to a larger consumer population with increased spending on gaming content and hardware.

“Frequent launches of new gaming content with superior graphics, rapidly evolving technologies such as artificial intelligence (AI) and virtual reality (VR), are key factors creating a conducive environment for major console manufacturers and will influence growth in the gaming gadget market in the coming decade,” says an FMI analyst.

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Impact of COVID-19 on the Market

The outbreak of the novel coronavirus has resulted in an economic downswing by causing disruptions in the business operations in various sectors. The retail industry has been hit hard. A reduction in overall discretionary spending levels, is posing a temporary challenge for players operating in the market.

These issues were offset by strong year-over-year revenue growth as consumers were subject to shelter-in-place restrictions. Limits on varied forms of entertainment and social interaction is expected to keep the demand for gadgets afloat in the coming months.

In light of this situation, players are now focused on improving online penetration, as this provides an opportunity to the players to access a wider consumer base at once within minimum costs.

 Who is winning?

Leading manufacturers of gaming gadgets are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of gaming gadgets globally.

Major players present in the gaming gadgets market are Nintendo Co., Ltd, Sony Corporation, Microsoft Corporation, Atari, Inc., Hyperkin, Inc., Razer Inc., NVIDIA Corporation, SEGA of America, Inc., Valve Corp., Dell Technologies Inc., and Mad Catz Global Ltd. among others.

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Ring Lights Market will grow at a CAGR of 14.3% by the end of 2031 | FMI

The ring lights market is expected to rise rapidly. According to Future Market Insights’ newest analysis, the market will grow at a CAGR of 14.3% between 2021 and 2031.

The growing worries about environmental conservation have a big impact on the ring light market. Energy conservation is a serious issue all around the world, and smart and effective ring lighting contributes significantly to energy savings.

Manufacturers are concentrating their efforts not only on producing unique product features, but also on developing effective sales and distribution networks. To expand their reach, manufacturers are forming strategic agreements with Amazon, Flipkart, Alibaba, and other e-commerce platforms.

Prior to making a purchase, the majority of shoppers conduct product research online. As a result, manufacturers are expanding their online distribution channels. Popular ring lights are also being released with unique characteristics such as dimming settings, flexible arms, portable shapes and sizes, brightness changes, extra-long power cords, low heat output, and mobile phone connectivity.

The market for ring lights is expected to grow even faster in the coming years as a result of these multipurpose product offerings.

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Key Takeaways from the Ring Lights Market Study

  • Ring lights with stand are expected to hold over 39% of the market in 2021 owing to their stability and ease of use.
  • Smart/automatic technology is expected to contribute revenue share of more than 60% in 2021 driven by incorporation of advanced remotes or sensors.
  • Japan will lead East Asia market with a share of 54.5% in 2021. Growth in Japan is propelled by large scale manufacturing and faster access to associated technology.
  • Germany holds over 22% of the Europe market, supported by the presence of a matured manufacturing sector.
  • Canada market is exhibiting high potential for growth in North America, rising at 18.9% CAGR through 2031.

Impact of COVID-19 on the Market

The COVID-19 pandemic, has had a notable impact on the ring lights. The closing of retail outlets, restrictions on pricing and marketing, and curfews in many countries around the world have resulted in lower sales volumes. However, the end of lockdown period saw higher consumer traffic, mostly from the online sales channels.

Furthermore, the COVID-19 pandemic had influenced self-isolated individuals to spend time on social media. This involved various activities, some of which were clicking photographs and video making which has created opportunities for ring light manufacturers to regain and bolster sales through e-commerce platforms.

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 Who is Winning?

Market leaders are largely focused on aggressive promotional strategies, advertisements, and new product launches, with multifunctional configurations that have driven sales growth of ring lights globally.

Major players present in the ring lights market are Hensel Frontprojection System, Spectrum Aurora, Zhejiang Seming Electronic Co., Ltd., Lylight Electric Co, Limited, Bron Elektronik AG, Shamax Emporium, Shenzhen Jueying Technology Co., Ltd., Smart Vision Lights, Koninklijke Philips N.V., VOLT Lighting, Panasonic Corporation, OSRAM Sylvania Inc., Unique Lighting Systems, and Samsung Electronics Co. Ltd. among others.

Market by Category

By Product Type:

  • With Stand
  • Hanging
  • Portable

By Product Size:

  • Below 6 Inches
  • 6 to 12 Inches
  • 12 to 24 Inches
  • More than 24 Inches

By Price Range:

  •  Below US$ 25
  • US$ 25- US$ 50
  • US$ 50- US$ 75
  • US$ 75 and Above

By Technology:

  • Smart/Automatic
  • Conventional

By Distribution Channel:

  • Wholesalers/Distributors
  • Hypermarket/Supermarkets
  • Specialty Stores
  • Home Centres
  • Department Stores
  • Independent Electronic Stores
  • Online Retailers
  • Others

By Application:

  • Commercial
  • Studio
  • Photography
  • Video Production
  • Outside
  • Households
  • Macro Photography
  • Videography
  • Makeup Application

By Power Source:

  • Battery Operated
  • Solar Power
  • AC Supply

By Buyer Type:

  • Individual (DIY Consumers)
  • Contractors
  • Interior Designers
  • Others

By Region:

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

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

Contact:

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Skin Care Devices Market will Grow at CAGR of 15.0% in terms of Value by the end of 2031 | FMI

As per FMI, the Skin Care Devices Market is expected to reach US$ 18.53 Bn by the end of 2021. Skin Care Devices Market to surpass US$ 18,533.2 million in 2021 and to grow CAGR of 15.0% in terms of value between 2021 and 2031. Consumer quest for “something more” and a chain of technological advancements providing exquisite functionalities have streamlined the current drive for devices in the beauty industry. As per a new study by Future Market Insights, this trend is advancing on the back of highly efficient integration of technologically-enabled devices and diagnostics. The skin care devices market will therefore record impressive growth in the upcoming decade.

Smart skin treatment devices are the next big thing in beauty industry. Retail shelves are being loaded with the influx of smart devices. Industry giant L’Oreal developed a motorized skin treatment device offering a range of cleansing and massaging options in response to vocal instructions from the user, subsequently providing smart audio feedback and guidance via an integrated speaker when in use. The device offers a range of functions including sensitive cleansing, deep cleansing, pore cleansing, facial massaging, eye area massaging, make-up application and even skin rejuvenation or stimulation.

Digital tools are turning as the bandwagon of beauty and personal care industry. With the advent of personalization trend, at-home diagnostic devices and personalized beauty devices are gaining momentum. In the past product purchase pattern was streamlined by consumer reviews, brand marketing and distribution pattern; however, present date purchase decisions are getting more personal and consumer-centric, enabled by personalized beauty devices.

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Skin care devices appeal to a wider audience across regional boundaries, a fact capitalised by industry leaders Proctor & Gamble Company and Clarisonic. L’Oreal is set to enter the personalized beauty device industry with the advent of PERSO, a smart device that creates custom formulas for lipstick, foundation and skin care. Le Teint Particulier formula, a patented product of Lancome Paris, L’Oreal, is customized to your precise skin tone measurements using a proprietary algorithm that analyzes and then matches your exact skin tone.

Key Takeaways from the Skin Care Devices Market Study

  • FMI has forecast skin care devices market to rise at 15% CAGR between 2021 and 2031
  • Social media influence and increasing spending on smart technologies driving sales in the U.S., which also accounts for 83% of North America market
  • The U.K. will emerge as a highly lucrative market exhibiting double-digit y-o-y growth at above 12% in 2021
  • Germany and France too will continue exhibiting increasing demand for skin care devices
  • Expansion of the beauty industry will support remarkable expansion in East Asia. China, South Korea, as well as Japan are likely to register double-digit growth

“Artificial Intelligence (AI) driven, customized, at-home beauty devices are the future of beauty industry, offering routine, high-tech customized skin care and makeup” says an FMI analyst.

Who is winning?

Key players in the skin care devices market are Koninklijke Philips N.V., Pure Daily Care, Shenzhen Mareal Technology Co., Ltd, L’Oreal S.A (ModiFace), Nu Skin Enterprises, Panasonic Corporation, Syneron Medical Ltd., home skinovations ltd., TRIA Beauty Inc, Proctor & Gamble Company, PhotoMedex Inc., Carole Cole Company Inc., Lumenis, MTG Co. Ltd., DD Karma LLC, and FOREO, among others.

Targeted and unique product offerings by market players are undertaken to gain competitive edge. They are using advanced technologies to offer smart skin care solutions to consumers.

For instance:

  • FOREO’s Espada runs blue light acne therapy firing led light energy into pores to attack acne-causing bacteria. Similar trend has been witnessed with respect to diagnostic devices.
  • Sony developed a device that can analyze the condition of the skin while being able to detect blemishes even before appearing on skin.
  • NuFace Trinity Facial Toning device employs microcurrent technology to give a lift to the cheeks, brows and jawline for up to 24 hours. The device assists in reducing the appearance of wrinkles, improve facial contours, and help brighten skin tone.

Besides this, there is immense focus on strategic tie ups. For instance:

  • Unilever Group operates within the market via French cosmetic brand ioma, a brand whose expertise lies in analysing the condition of the skin and developing appropriate treatment devices to cater to the result.

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Skin Care Devices Market by Category

Product Type

  • Cleansing Devices
  • Anti-Ageing devices
  • Skin Texture Tone Enhancement
  • Acne treatment Devices

End User

  • At-home
  • Salon & Spa

Price Range

  • Economy
  • Mid-Range
  • Premium

Sales Channel

  • Direct Sales
  • Modern Trade
  • Departmental Stores
  • Specialty Stores
  • Online Retailers
  • Mono Brand Stores
  • Other Sales Channel

Region

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

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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.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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Toothpaste Tablets Market Sales are Expected to Grow at CAGR of over 6.1% throughout the study forecast period 2021-2031 | FMI

According to a recent analysis by ESOMAR-certified market research firm Future Market Insights, the global toothpaste tablets market is predicted to rise at a robust CAGR of over 6.1 percent throughout the study forecast period 2021-2031, despite a period of lower growth in 2020. The research report examines the market for toothpaste tablets in more than 20 nations, providing a clear picture of how the growth trend will unfold.

Many retail players are increasingly shifting to a subscription-based retail strategy. A subscription-based business model is viewed as a viable method for growing an existing product line or beginning a new firm. As a result, many competitors in the toothpaste tablet market have resorted to a subscription-based business model to promote the market while also retaining clients. Hello is an example of a subscription-based oral care company. Customers can begin their subscription by selecting one of the package offerings from the brand’s portfolio. Customers can choose the period of their subscription at their leisure.

Aside from that, the company allows customers to construct their own personalised subscription box with their favourite products. Moreover, the brand promises free stuff with every subscription. Such initiatives have aided the brand’s creation, development, and expansion. A subscription-based business strategy is also used to build a loyal customer base.

Fluoride-free toothpaste tablets make for a considerable portion of the market in terms of product kinds. Many companies are expanding their product lines to include new flavoured toothpaste pills that appeal to consumers, particularly children.

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Key Takeaways from the Toothpaste Tablets Market Study

  • Toothpaste tablet market registers impressive recovery at over 5% y-o-y growth in 2021, following a period of lull in 2020
  • Presence of leading players steering market in U.S., which accounts for over 88% of the North America market
  • Focus on dental and oral health will continue rising in the U.K., pushing toothpaste tablets market at 4.7% in 2021
  • France and Germany emerge as strong markets as buyers demonstrate higher willingness to spend on fluoride-free toothpaste tablets
  • Increasing population and higher focus on personal care and hygiene will continue pushing toothpaste tablets market in China

“Tailored marketing has significantly helped brands enhance their market reputation. Many of the toothpaste tablets brands currently operating in the market are using numerous connotations like eco-friendly, non-toxic, green, sustainable, gluten-free, paraben-free, fluoride-free, etc. to promote their products as healthy and safe in the eyes of consumers.” says an FMI analyst.

Impact of COVID-19 on the Market:

The outbreak of covid-19 has caused enormous disruptions in the retail sector in both demand side as well as supply side. Managing demand fluctuations was one of the major challenges encountered by the players in the retail industry. The covid-19 outbreak also drastically impacted consumer’s buying habits. A specular shift from store based retail to online retail was observed. Besides this, the pandemic outbreak also highlighted the importance of ethical living which increased awareness regarding penetration of small scale and local brands in the retail sector.

Who is winning?

Some of the key players present in the toothpaste tablets market are Johnson and Johnson Consumer Inc., Colgate Palmolive Company, Weldental, Inc., DENTABBS GmbH, Bite, Lush Cosmetics Company, Kaylaan LLC., Dental Lace, Inc., Archtek, Inc., Georganics,  Well Earth Goods, Pure Earth Essentials and among others.

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Toothpaste Tablets Market by CategoryProduct Type

  • Fluoride Toothpaste Tablets
  • Fluoride-free Toothpaste Tablets

Consumer Orientation

  • Adults Toothpaste Tablets
  • Children Toothpaste Tablets

Sales Channel

  • Hypermarkets/Supermarkets
  • Multi-Brand Stores
  • Convenience Stores
  • Online Retailers
  • Wholesalers and Distributors
  • Other Sales Channel

Region

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

Get Valuable Insights into Toothpaste Tablets Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global toothpaste tablets market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the toothpaste tablets market based on the product type (fluoride toothpaste tablets and fluoride-free toothpaste tablets), consumer orientation (adults and children), and market channel (hypermarkets/supermarkets, multi-brand stores, convenient stores, online retailers, wholesalers and distributors and other market channel), across seven major regions.

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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.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Online Clothing Rental market is anticipated to generate US$ 1.8 billion by the end of the year 2031 | FMI

In a recent analysis, Future Market Insights (FMI) predicted that the online clothes rental market will increase strongly between 2021 and 2031. By 2021, the market is anticipated to generate US$ 1.8 billion. The clothes rental industry is starting to adopt a new trend: the subscription model. It appeals to retailers who are pressed to adapt to changing consumer preferences before certain designs fall out of favour.

To reach its customers, the clothing rental sector is advancing its assortments under subscription model plans despite dropping garment sales. The subscription model generates recurrent income in addition to providing potential clients with expertise with clothes rental businesses. Retailers may be able to avoid the costs of traditional brick-and-mortar businesses, though.

Additionally, the market for clothes subscriptions and rentals gives designers quick access to consumer preferences. Additionally, by requiring specialty/niche markets, the online clothes rental subscription business is expanding the reach of its customers. To get traction, some of them are using creative tactics. For instance, unlike other online apparel rental companies, Gwynnie Bee provides rental clothing for plus-sized customers.

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In the meanwhile, Union Station wants to do away with the hassle of purchasing bridesmaid dresses, which are frequently expensive and chosen based on the lady, not the wearertaste ,’s and style. The company allows women to pick out the dresses for their bridesmaids, which can then be returned after being dry-cleaned.

Therefore, online garment rental aims to reduce clients’ spending on new apparel for any special occasion or purpose.

Key Takeaways from the Online Clothing Rental Market Study

  • FMI in its latest study has forecast the market to rise at a CAGR of ~11.0% between 2021 and 2031
  • The U.S. has emerged as a highly lucrative market, accounting for nearly 95% of the North America market
  • The U.K. is projected to register 11.8% Y-o-Y growth in 2021, performing exceedingly well within the Europe market
  • Germany and France will continue exhibiting high demand for online clothing rental
  • Within East Asia, the demand for China and South Korea is expected to be higher than Japan

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COVID-19 Causing Disruptions in Online Clothing Rental

Online garment rental was slated for sustainability before the COVID-19, but the pandemic has created substantial delays as occasions like weddings, social gatherings, and other festivities had to be postponed due to the implementation of lockdown in numerous countries around the world.

Rental demand fell, according to businesses like Rotaro, Rent the Runway, and others. Since the majority of online garment rental businesses depend on events, the pandemic period saw a significant impact on the industry when there were no events and few people going out.

Who is winning?

Rent the Runway, Rotaro, GlamCorner Pty Ltd., Gwynnie Bee Company, Mine for Nine LLC, Dress Hire AU, ThreadTread, Nuuly, Rent The Front Row LLC, Dress & Go Company, Chic by Choice Company, Style Lend Company, Rent It Bae Company, Mr. & Ms. Collection, The Secret Wardrope, Banana Republic LLC, Le Tote Company, and Lending Luxury are some of the major players in the online clothing rental

  • In September 2020, to meet the changing preference/needs of today’s shoppers Rent the Runway implements new clothing subscription model plans which include dry cleaning and rental coverage, free shipping and returns, and members-only discounts. Further, the company is also using sustainable strategies to improve the environment by using recyclable garment bags.
  • In 2019, the Gap Inc. owned company Banana Republic LLC had partnered with CaaStle and launched ‘style passport’ an online rental subscription for women. This would help the company to connect with millennials and Gen Zs who would to experience fashion in a sustainable manner.

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Online Clothing Rental Market by CategoryProduct Type

  • Knitwear
  • Trousers & Jeans
  • Jumpsuits
  • Suits & Blazers
  • Coats & Jackets
  • Skirt & Shorts
  • Ethnic Wear

Business Model

  • Standalone Model
  • Subscription Model

End-User

  • Business-to-Business (B2B)
  • Business-to-Consumer (B2C)
  • Consumer-to-Consumer (C2C)

Consumer Orientation

  • Men
  • Women
  • Kids

Region

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

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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.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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