Market Research Blog – Page 11509 – New Product Development

Application Processor Market is Likely to Expand to US$ 53 Billion by 2032 – Future Market Insights, Inc.

The global application processor market was valued at US$ 26.2 billion in 2021 and is expected to grow by 6.6 percent year on year to US$ 27.93 billion in 2022. Because of smartphone adoption and technological advancements, the market is expected to grow to US$ 53 billion by 2032.

An application processor is a system on chip processor which has been in the market to support applications in operating system environments. The application processor have components like memory controller, graphics processing unit, and multimedia decoding units for the mobile environments and similarly other components for other environments.

Recently it has been observed that the mobile phones application processor combine both SoC and SiP technology where the main processor comprises of a array of functions from CPU, GPU, static RAM, and analog interface blocks.

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Application Processor Market: Drivers and Challenges

There are many factors driving the market for application processor, from which one of the major factor is the high adoption of application processors in the industries like consumer electronics specifically in the wearable devices and also in other industries for its use in applications like automotive ADAS and the infotainment systems.

This has been the major driver for the application processor market and has led to the strong growth of the market. Also, the increase in penetration of smartphones has also increased the sales of mobile application processors which is a part of application processor market. This has also been a driving factor for the application processor market and has led to the fast growth of the market.

Some of the restraint for application processor market have been related to the development of application processors in the market. There have been problems regarding the development of the application processor which needs skilled personals for its development.

This has been a restraining factor for the application processor market as the processors take time to reach the end user which slows down the process cycle of the application process market leading to slow growth.

Application Processor Market: Key Players

Some of the key players of Application Processor market are: Apple, Inc., Samsung Electronics, Qualcomm, MediaTek Inc., Intel Corporation, Advanced Micro Devices, Inc., NXP Semiconductors, NVIDIA Corporation, Renesas Mobile Corporation, Huawei Technologies Co. Ltd., Texas Instruments, Broadcom Corporation, Allwinner Technology, and HiSilicon Technologies among others.

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Application Processor Market: Regional Overview

On the basis of geography, application processor market can be segmented into North America, Latin America, Western Europe, Eastern Europe, China, SEA and other APAC, Japan, and Middle East & Africa. Among various regions, North America application processor market is seen to be leading in terms of value with U.S. application processor being the most attractive market.

Also, the application processor market in Japan and Western Europe is expected to be growing at the fastest rates due to the presence of tier-1 manufacturers in the region and increase in the number of smartphone users enabled with mobile application processors in the region.

Application processor market in Western Europe and North America is expected to be followed by China and Japan application processor market. Also, as most of the application processor manufacturers are set up in North America and Western Europe and the major ones in Japan, the application processor market is expected to gain traction in the region throughout the forecast period.

The reason for the sustained traction in the regions is also due to the presence of less or almost no manufacturers in the other regions for the application processor market. Application processor market in North America, Japan, China and Western Europe is expected to account for more than 65% of the total application processor market.

The report covers exhaustive analysis on

Application Processor Market Segments
Application Processor Market Dynamics
Historical Actual Market Size, 2013 – 2017
Application Processor Market Size & Forecast 2018 To 2028
Supply & Demand Value Chain
Application Processor Market Current Trends/Issues/Challenges
Competition & Companies involved
Application Processor Market Value Chain
Application Processor Market Drivers and Restraints

Regional analysis for Application Processor Market includes

North America Market
Europe
Asia-Pacific
Middle East & Africa
Latin America

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

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

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Application Processor Market: Segmentation

The application processor market can be segmented into various segments but as per the market analysis the market for application processor is most suitably segmented by device type, core type, industry, and region.

On the basis of device type the application processor market can be divided into;

Mobile Phones
PC Tablets
Smart Wearables
Automotive ADAS & Infotainment Systems

On the basis of core type the application processor market can be divided into;

Single-core
Dual-core
Quad-core
Hexa-core
Octa-core

On the basis of industry the application processor market can be divided into;

Consumer Electronics
Automotive

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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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Millimeter Wave Technology Market is Expected to Grow from US$ 2.03 Bn in 2022 to US$ 76.58 Bn by 2032 | FMI

A staggering CAGR of 39.0% is predicted for the millimetre wave technology market between 2022 and 2032. The millimetre wave technology market is anticipated to increase from US$ 2.03 billion in 2022 to US$ 76.58 billion by 2032, according to FMI.

Due to the need for larger bandwidths, millimetre waves are expected to play a major role in the development of fifth-generation technology. As a result of the market’s shift toward the adoption of fifth-generation technology, it is anticipated that the millimetre wave technology market will grow significantly over the course of the projection period.

Millimeter wave (MV) technology is a special type of electromagnetic wave technology. It is a mature technology and recently has been adopted in various application across industries. In the perspective of wireless communication, the millimeter wave generally occupy frequency range between 30 GHz to 300 GHz.

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Millimeter Wave Technology Market: Drivers and Restraint

Global millimeter wave technology market is expected to witness double digit compound annual growth rate over the forecast period. Factors which are driving the growth of global millimeter wave technology market are, rising mobile data traffic and growing demand for bandwidth intensive applications, increasing demand for the high speed data connectivity and high potential usage of millimeter wave technology in consumer electronics application.

On the other hand, factors which are restraining the growth of millimeter wave technology market are environmental concerns and limited range. Non-uniform licencing approach is creating a major challenge for the growth of millimeter wave technology market.

The global millimeter wave technology market is expected to witness great growth opportunity over the forecast period due to technological advances that encourages the adoption of millimeter wave technology across different industrial verticals such as aerospace, healthcare, defence, telecommunication and automobiles.

Millimeter Wave Technology Market: Segmentation

Global millimeter wave technology market is segmented on the basis of product, licence, frequency band, application and region. On the basis of product, the global millimeter wave technology market can be segmented into telecommunication equipment, scanner system, radar & satellite communication system and others.

On the basis of license, the global millimeter wave technology market can be segmented into light licence frequency millimeter wave, fully licence frequency millimeter wave and unlicensed frequency millimeter wave.

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On the basis of application, the global millimeter wave technology market can be segmented into telecommunication, healthcare, military, aerospace & defence, automotive & transportation, consumer electronics and others. In mobile & telecommunication application segment, there is great opportunity for millimeter wave technology. In automotive & transportation application segment, this technology can be used in drivers’ assistant system and the technology can accelerate the commercialization of unmanned vehicles. Additionally. The millimeter wave technology has significant value in healthcare application segment, where it can be used in scanning and imaging device.

On the basis of frequency band, the global millimeter wave technology can be segmented into 8 GHz to 57 GHz band frequency, 58 GHz to 86 GHz band frequency and 87 GHz to 300 GHz band frequency.

Millimeter Wave Technology Market: Region wise outlook

On the basis of region, the global millimeter wave technology market can be segmented into seven regions which include – North America, Latin America, Asia-Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Middle East and Africa (MEA) and Japan. Further the market is sub-segmented as per the major countries of each region in order to provide better regional analysis of millimeter wave technology market. Out of all these region, North America is expected to dominate the global millimeter wave technology market. U.S is expected to witness a double digit CAGR growth due to rising applications of millimeter wave technology in mobile & telecommunication industry.

Millimeter Wave Technology Market: Key Players

Prominent players in the global millimeter wave technology market are Bridgewave Communications, Inc., Keysight Technologies Inc., Keysight Technologies, Siklu Communication Ltd, MI-Wave Inc., Millitech Inc. among others. Key market players are focusing on launch of new products in order to be competitive in the market. For instance, In October 2015, Bridgewave Communications, Inc. launched wireless backhaul millimeter wave system with highest capacity. Millimeter wave technology is able to fulfil the increasing demand of cost efficient high speed data connectivity due to which original equipment manufacturers of consumer electronics are excited in adopting the technology to enhance the proficiencies of existing applications.

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Energy Intelligence Solution Market is Estimated to Showcase Growth at a CAGR of 15.2% from 2022 – 2032

The size of the global market for energy intelligence solutions is anticipated to be US$ 4.6 billion in 2022 and US$ 6.1 billion in 2032. In the forecast period from 2022 to 2032, it is anticipated to demonstrate growth at a CAGR of 15.2%. The Energy intelligence solutions provide an intelligent way to deal with energy crisis. Energy intelligence solutions includes tools and services which collect and analyse the energy data. Energy intelligence solutions can be considered as advanced form of energy management solutions. As compared to energy management software, it provide two fold benefits; first it is not only a visualization tool for meter data but also provides intelligence to reduce energy waste.

Second, it offers advanced domain knowledge to utilize collected energy data for energy management. Energy intelligence solutions provides support for open standards, measure and verify results, insights and analysis of recorded data, accessibility and portability, control and automation, an integrated platform. Energy intelligence solutions finds applications in food & beverages industry, automotive industry, metal manufacturing industry, oil & gas industry, petrochemicals, electronics & telecommunication industry and utilities etc.

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Global Energy Intelligence Solution Market Segmentation

Global energy intelligence solution market is segmented on the basis of service type, deployment model and end-user. On the basis of service type, global energy intelligence solution market is segmented into – system integration service, consulting services, support & maintenance service. Energy intelligence solutions are segmented into two ways by which it can be deployed – on-premise deployment and cloud based deployment. Energy intelligence solution provide assistance for energy saving along different industry verticals. Various end-users of energy intelligence solutions are residential buildings, offices & commercial areas, manufacturing units and others.

Global Energy Intelligence Solution Market: Region-wise Outlook

The global energy intelligence solution market is divided into seven geographical regions – North America, Latin America, Asia-Pacific Excluding Japan (APEJ), Japan, Eastern Europe, Western Europe and Middle East & Africa. The global energy intelligence solution market is expected to reflect a double-digit CAGR over the forecast period. At present, North America is dominating the market followed by Western Europe. Among all the regions, APEJ is expected to create huge market opportunity for major players operating in the energy intelligence solution market during the forecast period. Latin America and Middle East & Africa regions are reflecting comparatively slow growth during forecast period.

Global Energy Intelligence Solution Market: Drivers

Increasing energy consumption and rising need for advanced energy management solutions for residential, commercial and industrial areas are the prominent factors responsible for evolution of energy intelligence solutions. Organizations around the world are focusing on significantly reducing their energy consumption bills through efficient utilization of energy. Energy intensive applications such as power & energy, industrial manufacturing and telecommunication need to control their CO2 emissions in order to comply with existing legislations and standards. Energy intelligence solutions not only provide competitive advantage to business but also extends its responsibility towards sustainable economic development.

Aforementioned are some of the factors that are expected to drive the global energy intelligence solution market growth in near future.On other hand, long period on return of investment, lack of knowledge and difficulties in handling technical issues related to energy intelligence solutions limits its full-fledged market growth.

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Global Energy Intelligence Solution Market: Key Players

The energy intelligence solution market is highly competitive and diversified market, characterised by active presence of many big players. EnerNOC, Inc., Rockwell Automation, Schneider Electric, and GridPoint, Inc are some of the major players in global energy intelligence solution market.

Key Segments Profiled in the Energy Intelligence Solution Industry Survey

By Service Type:

Support and Maintenance Service
Consulting Services
System Integration Service

By Deployment Model:

Cloud-based
On Premise

By Industry Vertical:

Manufacturing Units
Offices and Commercial Areas
Residential Buildings

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa

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3D NAND Flash Memory Market is Expected to Create an Incremental Opportunity of US$ 86 Bn by 2032 | FMI

The global 3D NAND flash memory market is expected to exceed US$ 20.6 billion by the end of 2022 . Sales of 3D NAND flash memory are expected to generate an incremental opportunity of US$ 86 billion by 2032, growing at an exponential CAGR of 17.4 % between 2022 and 2032. The market is expanding due to increased demand for data storage devices with large storage capacities in the electronic sector.

Future Market Insights has recently published a market research report on Global 3D NAND Flash Memory market. The study presents a detailed analysis on the historical data, current and future market scenario for the 3D NAND Flash Memory market.

A non-volatile data storage method known as 3D NAND flash memory employs many layers of memory cells layered three-dimensionally. Memory cells are shifted to a three-dimensional structure in order to significantly increase density by stacking cells either vertically or horizontally on top of one another to conduct charge through NAND strings.

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The report presents an in-depth analysis of key growth drivers and trends that are likely to impact the market in upcoming years. With the adoption of cloud computing and artificial intelligence, the technology industry is expected to witness a healthy growth over the forecast period. Increasing competitive pressure and advanced digital transformation in the area of data analytics and artificial intelligence are likely to improve the growth outlook for the 3D NAND Flash Memory market in the upcoming decade.

According to the FMI’s report, Changes in consumer behavior, robust product innovations, and expanding distribution networks continue to influence growth of the 3D NAND Flash Memory market. FMI’s analysts rely on unique research methods and comprehensive data study of the current and upcoming trends of the 3D NAND Flash Memory market report and gather data from a wide range of primary and secondary sources.

Impact of COVID-19 on 3D NAND Flash Memory Market

With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of electronic supply-value chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working. Rapid focus on integrating digital techniques and big data analytics in IT services and technology industry are expected to result in a healthy outlook.

FMI’s recently published report has a chapter exclusively dedicated to COVID-19 impact analysis. This is intended to aid 3D NAND Flash Memory market stakeholders in deploying innovative strategies to overcome the challenges that are likely to affect the 3D NAND Flash Memory market.

3D NAND Flash Memory Market : Competitive Analysis

The FMI’s 3D NAND Flash Memory market report provides a detailed analysis of prominent players as well as emerging companies operating in the 3D NAND Flash Memory market. Some of the key players are:

Samsung Electronics Co. Ltd
Micron Technology Inc.
Toshiba Corp.
SK Hynix Inc
SanDisk Corp.
Apple Inc.

With an extensive SWOT analysis, the FMI’s study provides the strengths, weaknesses, growth prospects and product expansion within the players. The report also offers key players marketing strategies, recent mergers and acquisitions and pricing strategy to gain a competitive edge in the industry.

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Key Segments Profiled in the 3D NAND Flash Memory Market Survey

By Type:

Single-Level Cell
Multi-Level Cell
Triple-Level Cell

By Application:

Camera
Laptops & PCs
Smartphones & Tablets
Others

By End User:

Automotive
Consumer Electronics
Enterprise
Healthcare
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa

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Organic Cosmetics Market is to Grow at CAGR of 5% in 2031 | Impact of COVID-19

The organic cosmetics market to grow at CAGR of 5.0% throughout the forecast period 2021-2031. Natural claims have sparked the sustainability quotient in addition to being significant product purchase drivers when paired with product efficacy claims and brand identity.

Customers now demand total transparency from cosmetics producers regarding their sourcing practises, goods, ingredients, and environmental practises. As the requirement to prove their social and environmental credentials develops, more cosmetics companies and manufacturers are searching for ways to redefine their own brands through sustainability-focused items, services, and customer experiences.

The packaging trends in the personal care sector have evolved to incorporate more secure, natural formulas, and practical packaging. Natural solutions are being employed more and more in product packaging as a result of the excellent response they are receiving from the product industry. The businesses’ marketing techniques call attention to profitable container designs while also advocating natural solutions.

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Key Takeaways from the Organic Cosmetics Market Study

FMI in its latest study has forecast the market to rise at a CAGR of 5.0% between 2021 and 2031
The U.S. will emerge as a key market, accounting for nearly 80% of organic cosmetics market in North America
Growth in the U.K. will remain moderate. FMI forecasts the market to record nearly 1.9% Y-o-Y growth in 2021
While Germany and France too will continue exhibiting demand for organic cosmetics, Italy is expected to emerge as a lucrative pocket in Europe
Japan, China, and South Korea will emerge as key markets for organic cosmetics in East Asia. Of these, Japan is likely to dominate

Impact of COVID-19 & 2020 Market Analysis

The current pandemic outbreak has created a variety of challenges for both the supply side and the demand side. The temporary regulation that regional governments adopted to limit mobility has seriously harmed supply chains.

Additionally, the general shift in consumer spending from discretionary to essential goods has had a negative impact on market growth. The way that firms operate globally is changing as a result of e-commerce. In actuality, e-involvement commerce has expanded throughout all industries as a result of the Covid-19 epidemic and lockdown.

The population segment that is not accustomed to online buying has also accepted it because it is the only option. There are many chances for companies and online services to work together to boost customer engagement.

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Who is winning?

Estee Lauder, L’Oréal Group, WELEDA Inc., Groupe L’OCCITANE, and KORRES Group are a few notable companies in the organic cosmetics business. The Himalaya Drug Company, Babylist Inc., The Clorox Company, The Honest Company, Avalon Organics, and KORA Organics are a few examples.

To acquire a competitive advantage over other market participants, players are aggressively investing in order to encourage and support product development. The creation of an innovative product portfolio and portfolio expansion is the most popular strategy among the major businesses. Innovation is the instrument used to entice and persuade consumers to purchase a particular product category. By highlighting a product’s USP, which typically varies from one brand to another, it aids in separating one product from another.

Organic Cosmetics Market by Category

Product Type

Skin Care
- Creams & Lotions
- Serums
- Face Packs/ Masks
- Cleanser
- Others
Hair Care
- Shampoo
- Conditioner
- Hair Oil
- Hair Dye
- Others
Makeup
- Facial Products
- Eye Products
- Lip Products
- Nail Products
Body Care
- Soaps
- Shower Gels
- Cream
- Oils
Fragrance

End User

Men
Women
Unisex
Baby

Sales Channel

Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Direct Selling
Departmental Stores
Online Retailing
Other Sales Channel

Price Range

Economy
Mid-range
Premium

Region

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

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Flooring and Carpets Market will Grow at a healthy CAGR of over 5% through 2031 | US Holds the Largest Share in the global flooring and carpet

The global flooring and carpet sales will grow at a healthy CAGR of over 5% through 2031, despite a period of muted growth in 2020, according to a latest study by ESOMAR-certified market research firm, Future Market Insights.

The study provides a clear analysis of how growth will develop by tracking flooring and carpet sales in more than 20 nations.

The study shows that because a large number of environmentally concerned consumers seek items that are in line with topics they care about, sustainability is now a priority rather than an afterthought.

Unquestionably important to designers and architects, as well as to the clients they design for, is the concept of sustainability. The decision to use flooring and carpet in future designs indicates that the companies are already committed to sustainability due to the minimal waste they produce during installation.

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Currently, modular carpets and carpet tiles have become increasingly popular, especially for application in commercial spaces, hospitality, and in healthcare and hospitals due to easier installation and significant degree of customization with respect to material and size. Further, many flooring and carpet manufacturers globally are using bitumen and PVC in their flooring and carpet backing, which help the manufacturers to reduce expenses.

Moreover, introduction of plant fibers such as sea grass and sisal aimed at eco-friendly appeal and use of chemical additives in fiber materials to impart flame retardant, anti-microbial, pest repellant properties etc. In terms of carpet manufacturing technology, tufted, woven and needle felt types are employed, of which tufted type is being used primarily.

FMI in its latest study has forecast the market to rise at a CAGR of 5.1% between 2021 and 2031.

Key Takeaways from the Flooring and Carpet Market Study

Application in education, hospital and healthcare sectors will continue to create sustained opportunities for flooring and carpet industry manufacturers during the forecast period
Modern aesthetics, durability, and easy maintenance key influencing factors for consumers
Increasing tourism, planned world events such as Qatar FIFA World Cup 2022, ICC Cricket World Cup 2023, etc. are expected to fuel continuous revenue growth of hospitality and retail segments in Middle East and South Asia, thus in turn driving demand for flooring and carpets in the region.
Hospitality and retail segments typically witness stronger growth as compared to other applications due to demand based on a shorter lifecycle and more renovation.
Public, manufacturing, and industrial segment is expected to grow in terms of revenue, backed by robust foreign investment and government investment in infrastructure.
US holds the largest share in the global flooring and carpet market owing to rapidly expanding hospitality as well as retail business and commercial sector in the region.

Who is winning?

Some of the key players operating in the flooring and carpet market are Mohawk Industries Inc., Interface Inc., Beaulieu International Group N.V., Tarkett S.A., Balta Group, Shaw Industries Group Inc., ALSORAYAI Group, Forbo Holding AG, Armstrong World Industries LLC, Gerflor Group, Oriental Weavers Group, Al Abdullatif Industrial Investment Company (AIIC), Polyflor Ltd., Brintons Carpets Limited, Milliken & Company Inc., and Betap Tufting B.V.

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On October 2020, Interface Inc. launched its first carbon negative carpet tile styles “Embodied Beauty” with the idea of working in alignment with nature. This would help the company to be consistent in its mission of Climate Take Back to lower the carbon footprints of its products.
On 10 July 2020, Tarkett S.A. entered into a strategic partnership with Clean Hospitals with an objective to contribute in the improvement of hospital hygiene and to promote effective, and sustainable based cleaning guidelines. This collaboration would bring improvement in environmental hygiene which is expected to benefit the public health by lowering rates of healthcare-associated infections and reducing antimicrobial resistance.
On October 2020, in the 15^th Annual w3 Awards Shaw Industries Group Inc. received Gold and Silver honors, by the Academy of Interactive and Visual Arts.

Key Segments

Flooring Type

Carpets
- Tufting
- Woven
Rugs
- Accent Rugs
- Area Rugs
- Other Rugs
Artificial Grass
Carpet Tiles
Vinyl Flooring
Laminate Parquet Flooring

Material Type

Polypropylene
Nylon
Polyester
Others

Application

Residential
Commercial Offices
Retail
Hospitality
Healthcare and Hospitals
Educational Institutes
Automotive
Industrial
Others

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.

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Heat-Resistant Ceramic Tableware Market is Estimated at USD 25.32 billion in 2022 and Projected to reach USD 39.85 billion by 2030

The global heat-resistant ceramic tableware market is anticipated to reach USD 39.85 billion by 2030, from an expected USD 25.32 billion in 2022, at a CAGR of 5.83%. The market share of heat-resistant ceramic dinnerware in its parent market (the ceramic market) is between 5% and 10%.

Despite a modest drop due to the covid-19 epidemic, demand for heat-resistant ceramic tableware is predicted to expand steadily during the forecast period (2022– 2030), according to a new report done by Future Market Insights (FMI).

Even as customers seek alternatives to plastic tableware, improvements in raw materials and attempts by manufacturers to differentiate products through aesthetic features are likely to be major elements driving the industry.

In comparison to other premium-priced tableware materials, the market for heat-resistant ceramic dinnerware has profited from characteristics such as chemical resistance and simplicity of cleaning.

Heat-resistance treatments for ceramic products have also increased adoption rates due to their longer lifespan and broader range of uses. Low-cost production has helped the sector gain traction in developing nations in Asia and the Middle East and Africa.

Despite the fact that premium heat-resistant ceramic tableware has superior physical and chemical properties, economy and mid-range goods are more widely used due to significant price variations.

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Furthermore, these changes have created a major boost in opportunity and market potential, with demand for handcrafted, artisanal end products providing new avenues for producers to explore.

The FMI study provides readers with a comprehensive analysis of the market, including major market dynamics.

Key Takeaways

Heat-resistant ceramic plates are expected to reflect higher demand on the back of growing casual dinnerware applications.
Convenience stores remain a leading channel of distribution, aided by strong and sophisticated supply chains
Commercial applications hold the lead over residential use, owing to importance of aesthetics in tableware for the food service industry.
Europe is a leading market for heat-resistant ceramic tableware owing to widespread interest in home cooking practices accounting for more than 20% of global market share till 2030.
South Asia is reflecting relatively faster growth on the back higher standards of living and demand from the HoReCa sector.

Covid-19 Impact on Heat-Resistant Ceramic Tableware Market

The rapid spread of the coronavirus pandemic has resulted in a short-term slump in demand for heat-resistant ceramic tableware. This drop in sales can be attributed to the lockdown restrictions on the operations of the food service industry, and trade restrictions on supply chains for essential raw materials.

Furthermore, the market is also adversely affected by changes in consumer spending patterns, with a focus on essential commodities, which has hurt sales of heat-resistant ceramic tableware, even in residential settings.

On the other hand, online channels of sales have gone up with consumers seeking ecommerce options for wider product options, discounts, and home delivery, which will aid manufacturers to minimize losses during the crisis period. Recovery is likely to be gradual towards 2021, owing to uncertainties over the duration of the pandemic.

Who is Winning?

Some of the leading market players studied in the heat-resistant ceramic tableware market report include but are not limited to Villeroy & Boch AG, Kahlla Porzellan, Chuchill China Plc, Roesnthal GmbH, Seltmann Weiden Group, Meissen GmbH, Fiskars Group, WMF Group, The Oneida Group, Noritake Company Ltd., Narumi Corporation, Homer Laughlin China Company, and Lenox Corporation.

Major brands are largely focused on research and development and product launch strategies in a fairly competitive market to consolidate market presence in the global market. Partnerships with renowned designers are also gaining popularity. Also, mergers and acquisitions have gained importance in the industry, in addition to competitive pricing strategies in the emerging markets.

For instance, The Moon Jar – designer tableware manufacturer has unveiled South Korean, heat-resistant ceramic tableware collections in partnership with leading designers Kim Seok Binn for consumers in Singapore.

Revol has announced the release of its eco-friendly heat-resistant ceramic tableware for eco-based hospitality businesses, which is manufactured from recycled ceramic materials. Also, Oggetto has unveiled its latest addition of heat-resistant ceramic tableware manufactured with a hand turned process to enable unique aesthetics for every piece in these dinnerware sets.

More Insights on Heat-Resistant Ceramic Tableware Market

In its new report, Future Market Insights has provided a detailed analysis of the global heat-resistant ceramic tableware market, with information on demand for 2015 to 2021 and forecast data for 2022 to 2030. The study gives actionable insights on the basis of product type (plates, bowls, mugs & jars, and others), price range (economy/mid-range and premium), end use (residential and commercial), sales channel (supermarkets/hypermarkets, convenience stores, online retailers, multi-brand stores, specialty stores, wholesalers & distributors, and others), across 7 key regions.

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Global Heat-resistant Ceramic Tableware Market by Category

By Product Type, Global Heat-resistant Ceramic Tableware Market is segmented as:

Heat-resistant Ceramic Plates
Heat-resistant Ceramic Bowls
Heat-resistant Mugs and Jars
Other Heat-resistant Ceramic Tableware Products

By Price Range, Global Heat-resistant Ceramic Tableware Market is segmented as:

Economy & Mid-Range
Premium Range

By End-Use, Global Heat-resistant Ceramic Tableware Market is segmented as:

Commercial
Residential

By Sales Channel, Global Heat-resistant Ceramic Tableware Market is segmented as:

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

By Region, Global Heat-resistant Ceramic Tableware Market is segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Pet Toys Market – Plastic and Rubber Toys Remain Popular Materials for Toy Production

The pet toys market is anticipated to increase between 2021 and 2031 at a robust CAGR of 7.2%.

The rise of the pet toys market is mostly attributed to the rising rate of pet ownership, rising interest in pet humanization trends, and the development of pet care hospitality facilities.

Despite greater prices, consumers are increasingly seeking for specialised and unique products for particular pets. In addition, market developments are predicted to be influenced by the trend of employing toys for behavioural training.

“Pet owners have shown a growing interest in buying environmentally friendly goods while upholding animal safety regulations. According to the FMI report, this has prompted pet toy producers to investigate natural materials for their products in order to meet the demands of eco-aware pet parents.

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Pet Toys Market – Important Takeaways

Plastic and rubber toys remain popular materials for toy production, owing to superior durability and standardization for product quality.
Ecommerce sales will reflect a relatively faster rate of growth, backed by internet penetration and discount offers from manufacturers.
India is emerging as a high potential market owing to the expansion of the consumer class of millennial pet owners.
The U.S. accounts for significant revenue share owing to consumer preference spending on pet luxury.

Pet Toys Market – Driving Factors

Sustained growth in cat and dog ownership rates is a major factor positively influencing pet toy sales.
The increasing popularity of facilities such as pet hotels and day care centers generate key growth opportunities.
Major advances in products for cognitive training for pets is bolstering sales in the industry.

Pet Toys Market – Leading Constraints

Concerns over the widespread proliferation of low-quality toys, by small-scale manufacturers is a key concern restricting adoption.
Lack of awareness about toys for training purposes is restraining sales prospects around the world.

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Expected Impact on Market by Coronavirus Outbreak

The global covid-19 pandemic had a moderately negative impact on the pet toys market. Restrictions on production operations and social distancing guidelines have limited manpower and disrupted supply chains during the crisis. In addition, restraints on international trade had affected product availability.

On the other hand, pet ownership rates have grown during the forecast period, creating sales opportunities for manufacturers, partially mitigating losses to manufacturers during the pandemic. Demand is expected recover steadily over the coming decade, with increasing sales activity occurring from online distribution channels.

Competition Landscape

Some of the major players participating in the pet toys market include but are not limited to Honest Pet Products, Central Garden & Pet Company, Company of Animals Ltd., Cosmic Pet, Petsport USA Inc., Zyppy Paws, Mammoth Pet Products, Radio Systems Corporation, Jolly Pets, Multipet, Fluff and Tuff Inc., Kyjen Company LLC, West Paw, KONG Company, Ethical Products Inc., Benebone LLC, Coastal Pet Products Inc., and Petmate.

Major manufacturers in the pet toys market have been largely involved in the launch of new products to bolster their product portfolios, in addition to strategies aimed towards licensing and geographical expansion.

In March 2021, PetSmart unveiled its Brain Games training course aimed towards mental stimulation goals including courses on dog reading, object recognition and more, improving communication between pet and owner. Further, Chewy, the online pet toy shop has unveiled a new range of 400 products for cats and dogs based on Marvel, Disney, Star Wars, and Pixar character designs. In December 2020, Pet Supplies Plus, announced the acquisition of 40 store locations from Pet Valu across Virginia, Indiana, Ohio, Kentucky, Pennsylvania, Maryland, and New Jersey.

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Pet Toys Market by Category

By Product Type:

Plush Toys
Rope and Tug Toys
Balls
Chew Toys
Squeaky Toys
Interactive Toys
Others

By Pet Type:

Dogs
Cats
Birds
Others

By Material Type:

Rubber
Cotton
Nylon
Plastic
Others

By Type:

Non-Edible
Edible

By Size:

Small
Medium
Large

By Price Range:

Economy (Below US$10)
Mid-Range (US$10 – US$25)
Premium (Above US$25)

By Sales Channel:

Wholesalers/Distributors
Supermarkets/Hypermarkets
Convenience Stores
Multi-Brand Stores
Online Retailers
Pet Specialty Stores

By Region:

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

More on the Report

FMI provides in-depth insights on the pet toys market. The market is segmented in terms of product type (plush toys, rope and tug toys, balls, chew toys, squeaky toys, interactive toys, and others), pet type (dogs, cats, birds, and others), material type (rubber, cotton, nylon, plastic, and others), type (non-edible and edible), size (small, medium, and large), price range (economy, mid-range, and premium), and sales channel (wholesalers/distributors, hypermarkets/supermarkets, convenience stores, multi-brand stores, online retailers, and pet specialty stores), across seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa).

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Sales Compensation Software Market 2022 Development Status, Competition Analysis, Type and Application 2032

Sales Compensation Software Market was valued at US$ 2.3 Bn in 2021 and is expected to reach a valuation of US$ 6.4 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report, revenue through cloud-based sales compensation software grew at a CAGR of 10.6% during 2015-2021. Cloud-based sales compensation software creates a centralized secure data source, making it accessible across departments, and streamlining the workflow effectively.

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Convenience Associated with Sales Compensation Software to Drive its Demand

The enhancement in technology and increasing automation in industries have augmented the adoption of sales compensation software in the industries. Large and small business enterprises are using sale compensation software for managing and keeping records of accomplishments of the sales representatives and formulating and computing compensation plans accordingly to it. The number of start-ups is rising as many governments around the world are framing policies and providing incentives to the emergence of start-ups, which has increased the adoption of sales compensation software in the start-ups that are driving the market.

Sales Compensation Software Market: Competition Insights

Sales compensation software providers are mostly active in client win and product launches. The key companies operating in the sales compensation software market include SAP, Oracle, Performio, Iconixx, Optymyze, Xactly Corp., NICE Systems Ltd.,Apttus, NetSuite, Commissionly.io, ZS Associates, IBM, CellarStone, Inc., Anaplan, QuotaPath Inc., CaptivateIQ, Inc., and Atmax Technologies.

Some of the recent developments by key providers of sales compensation software are as follows:

In June 2022, CellarStone Inc. announced that Pearl Design Group has chosen their QCommission sales software to keep track and payout sale commissions to their sales team.
In May 2022, CellarStone Inc. released QCommission Version 12 of the software. The new version is more effective for calculation process and is easy to integrate with Netsuite and QuickBooks.
In May 2022, Oracle announced that its Fusion Cloud Human Capital Management (HCM) will deliver payroll support to French enterprises. The latest cloud payroll solution will help the enterprises in France to manage compliance, automate workflows and instantly generate payrolls for employees. With the introduction of Oracle France Payroll, Oracle Cloud HCM can provide built-in payroll support in 13 countries.
In May 2022, Nokia has chosen Oracle Fusion Cloud Human Capital Management (HCM) to centralize and change its Human resources system in the cloud with Oracle Fusion Cloud (HCM). Nokia will deploy Oracle Fusion Cloud (HCM) to manage its human resource management, which includes recruitment, compensation, and performance management for companies’ workforce operating in 130 countries.
In April 2022, CellarStone Inc. announced that its QCommission software has integrated with MS SQL Server. The QCommission enables fast and efficient data transfer to and from the databases of SQL server. It also provides an accurate view of the data before and after the filtering process.
In November 2021, Performio has announced new product functionality which includes DocuSign integration and aggregate reporting capabilities in their sales compensation software solutions. The new DocuSign integration will help sales reps to view and sign sales incentive plans directly in Performio in a secure way, The new aggregating reporting capabilities will enhance the sales and finance team’s ability to combine or group records in reports, enabling more details of sales actuals, achievements and commissions paid by the team, job role, and incentive plan.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Sales Compensation Software Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Sales Compensation Software Market in terms of Deployment (Cloud Based, Web Based), Applications (Large Enterprises, SMEs), across five regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

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Window Coverings Market is Valued at US$ 22.2 Bn in 2022, with the Market Projected to Register 4.1% CAGR and Top a Valuation of US$ 28.4 Bn by the end of 2028

As designs advance, so does the aesthetic sensibility of the buyer. The window coverings business has seen tremendous growth over the past several years as a result of this usual consumer behavior.

The cost of enhancing interior design will rise, driven by current trends. Modern window treatments and other design elements will become more popular as a result.

It’s important to keep in mind that the demand for window coverings varies seasonally. As a result, while the market may see an increase in sales during some seasons, it may not be in others.

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Key Takeaways from the Window Coverings Market Study

The report states that major businesses will likely concentrate on introducing novel products in Latin America and the Middle East and Africa.
Investment in these areas is being stimulated by the expansion of the retail sector.
Additionally, market participants are probably going to concentrate on strengthening their distribution network to take advantage of the numerous development potential in Latin America, the Middle East, and Africa.
Sales of window coverings are anticipated to increase during the projection period as customer concern about UV ray protection and home décor grows.
Sustainable and environmentally friendly blinds and coverings are increasingly in demand. This will improve the market’s chances of growth.
It’s expected that more businesses will concentrate on enhancing their internet presence. They hope to infiltrate emerging countries with this.

Younger Generation to Drive Change in Window Coverings Market

The market growth for smart and automated window treatments (such as motorized blinds) is thought to be mostly driven by the younger generation. Younger members of the working population are particularly interested in living modern lives. They not only have more purchasing power, but they also want to spend money on the newest things.

This consumer group will grow to constitute a significant segment of the window coverings market. Most businesses would prioritize regular updates and design advancements to satisfy their customers’ aesthetic tastes and changing décor requirements.

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Who is Winning?

The following are some of the major players in the window coverings market: Comfortex Window Fashion, Lafayette Interior Fashion, Skandia Window Fashion, Insolroll, Mariak, Bombay Dyeing, Lotusblind, TOSO CO. LTD., Springs Window Fashions, LLC., Solarfective Products Limited, Qmotion Shades Schenker Storen AG, Persianas Canet S.A, Nien Made Enterprise Co. Ltd, Mechoshade Systems LLC, Legrand, Lutron, Companies are active in purchasing regional players to broaden product penetration. Additionally, they are emphasising greater product promotion and implementing aggressive marketing initiatives.

Mecho unveiled SolarTrac 4.0 in 2019 to provide a modern automatic window shading control technology. It’s an ena system. enable developing maximize occupant and building performance with the help of daylight management.

Window Coverings Products Market – Leading players

The global window coverings market offers ample opportunities for the entry of new players. The companies with their business at the nascent stage usually focus on selling electronic blinds and shades either at a local or regional level.

Leading window coverings market players are currently focusing on innovations. They have aesthetically pleasing designs with innovative features in mind. With competition soaring higher, most companies are likely to focus on customization and product differentiation to gain a competitive advantage.

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