Small Space Furniture Market Key Players, End User, Demand and Consumption by 2030

Small space furniture typically include foldable beds, retractable and mounted tables, island kitchens, ottomans, foldable kitchens, compact coffee tables, wardrobes, portable book shelves and expanding tables to name a few. In today’s world, small space living has emerged as the new normal. As urbanization gathers momentum, the need for urban housing is surging rapidly. By 2050, over 6 billion people will reside in urban dwelling, with a major chunk of this population being concentrated in cities across the developing world.

Against this backdrop, the nature of housing is bound to undergo a metamorphosis. The trend of studio apartments and small-sized houses is already widespread in countries such as Japan and Singapore.

Consequently, the demand for small-space furniture has witnessed a major upsurge and will remain on a high pedestal during the 2020-2030 forecast.Small-space furniture is manufactured using a range of materials such as glass, wood, leather and plastic.

Most of this furniture is portable, thus making it easier to accommodate more space for navigation and movement within the house. Going further, small space furniture is also touted as a frontrunner of sustainable living.

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Small Spaces Necessitate Smart Solutions- Credible Developments Underway to Design Smart Small Space Furniture

As apartment sizes shrink, the nature of furniture demanded is also shrinking. As a result, manufacturers are increasingly seeking to introduce solutions to address the problem of small spaces. Therefore, the concept of multifunctional furniture and transformable rooms have acquired precedence.

For instance, a table and chair can serve a dual function of offering seating while working or dining. When not using them, these tables and chairs can serve as a bookshelf or storage drawers as well.

With respect to transformable rooms, arrangements such as convertible beds and sofa are becoming increasingly common.

Also, modular couches are becoming highly popular. As space constraints increase, high demand for flexible furniture has bolstered demand for portable sofas, beds and dining furniture.

These add a high degree of versatility, permitting individuals to alter the room layout for different purposes. They also come in different designs, appealing to consumers’ aesthetic indulgences.

Wooden Furniture to Hold Sway across the Forecast Period, Steel Furniture Remains Most Preferred Option

Wood is anticipated to acquire major traction, generating substantial revenue throughout the upcoming decade’s forecast. Wooden furniture is extremely durable, requires minimum maintenance and prevents undesired deterioration through rot and decay.

They do so by secreting natural oils as effective barriers against external agents. Moreover, they impart antiquity to the house.However, steel furniture is anticipated to remain the dominant choice in terms of small space furniture material. High corrosion resistance and robustness are the key drivers behind its surging popularity.

Additionally, it imparts a modern outlook to the home environment. It is also very environmentally friendly as steel can be easily recycled.

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Global Small Space Furniture Market- Competitive Landscape

The global small space furniture market is characterized by the presence of multiple players, rendering is highly competitive in nature. Some prominent players include IKEA, Walmart, Target Corporation, Crate & Barrel, HomeLane, Godrej Interio, Apt 2B, Joss & Main and Wooden Street among others.

These players are investing in providing small space solutions across different geographical regions. For instance, IKEA offers its kitchen island solution, comprising of four cabinets measuring 30 cm and 80 cm respectively, a custom-cut work top and a rolling trolley. This ensures that users have an enjoyable working experience as well as save space.

The company also offers smart bathroom-cum-laundry solutions in the form of stackable SORTERA bins and an adjustable drying rack in the shower or above the bathtub, thus eliminating the need to acquire a separate laundry spot. Other solutions involve a walk-in closet within a bedroom and an all-purpose living room.

On a similar plane, HomeLane offers the Kivaha 4-seater, Cayman and Altura coffee table sets which consist of compact seating stools which can easily fit under the table when not in use. The company also manufactures the Blaine wall mounted dining table, the Kowloon sofa cum bed and the Travis sofa cum bead.

Companies are also concentrating on forging collaborations with players from other verticals to offer diverse products to consumers. For instance, IKEA partnered with Adidas Group in 2018 to introduce a sports based home décor products line.

Market players are also leveraging the trend of environmental sustainability to manufacture low-cost eco-friendly products by avoiding the usage of toxic chemicals during the manufacturing process. For instance, Cisco Home offers eco-friendly seating, bedroom and lighting accessories and are FSC-certified.

Small Space Furniture Market- Prominent Players

  • IKEA
  • Crate & Barrel
  • Wooden Street
  • HomeLane
  • West Elm
  • Godrej Interio
  • Resource Furniture
  • Pottery Barn
  • Ethan Allen
  • Design Within Reach
  • Apt 2B
  • Etsy
  • Joss & Main
  • Walmart
  • Urban Outfitters
  • Target Corporation

Region/Country

  • North America (US & Canada)
  • Latin America (Brazil, Mexico & Rest of Latin America)
  • Europe (EU-5, Russia, Poland & Rest of Europe)
  • Asia-Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand & Rest of APAC)
  • Middle East & Africa (GCC, Northern Africa, South Africa & Rest of MEA)

Report Highlights

  • 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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Electric Heated Shoes Market Demand, Geographical Outlook , Size, Share Report to 2030

The electric heated shoes designed for its applications in the geographical areas where the temperature is below zero degrees during all day and night. These areas include the northern part of North America, Europe, East Asia, and most importantly geographical area at the North Pole and the South Pole of the earth.

The electric heated shoes are comprised of the thermoelectric footwear heating system that is to be used in the cold weather conditions. The heat in the shoes is electronically controlled by an analog electric control system. The thermoelectric module is used to heat the bottom of the footwear.

The electric heated shoes have the utmost importance in the cold regions as they are proven to be most effective and efficient to keep the foot warm is such freezing temperature.

The sensor called a negative temperature coefficient sensor is used to determine the outer temperature and an electrical circuit and module control the inner temperature of the footwear proportionally.

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Global Electric Heated Shoes Market: Regional Outlook

The demand for electric heated shoes is dominated by northern regions of Europe and America respectively backed by both production and usage in these regions.

The research and technological advancement in the production of new and innovative electric heated shoes have a higher supply of electric heated shoes in these dominating markets.

The countries from Asia regions have very limited access and demand for electric heated shoes as most of the countries in the Asia Pacific regions have warm climatic conditions throughout the year.

The improved material quality and use as well as adaptation of advanced technology and increasing penetration of electric heated shoes in the footwear industry will further support the global electric heated shoe market in these regions.

Global Electric Heated Shoes Market: Key Players

The market participants operating in the global electric heated shoes market are identified across the value chain include

  • Volt Electric
  • ValueRays
  • ThermaCELL
  • Snookiez
  • Shantan
  • HMSPACE
  • Warmer Shoes
  • Kamlif

Opportunities for Market Participants in the Global Electric Heated Shoes Market

The demand for electric heated shoes is increasing from the customers living in the cold regions of Europe and North America.

The electric heated shoes are one of the most effective product for the customers to ensure their foot keep remain warm in the cold weather where the temperature often falls below zero degree Celsius.

The demand for electric heated shoes is also increasing form the tourism industry, as the people who are not familiar with very cold weather and regions are dependent on the electric heated shoes to keep their feet warm in such freezing temperatures.

The people around the globe are following the emerging trend of exploring the northern countries with very cold climatic conditions.

These countries are becoming the most attractive tourist destinations for travel enthusiastic people around the globe. Such an increase in tourism in the cold regions is creating more lucrative opportunities for the manufacturers to target these customers seeking for electric heated shoes in the market.

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COVID-19 Impact on Global Electric Heated Shoes Market

The electric heated shoes market has witnessed substantial growth in the past few years. At the very start of the year 2020, the world hit by the global pandemic of coronavirus outbreak. Most of the countries in the world opt for lockdown or national emergencies to counter this global pandemic of COVID-19.

The traveling inside and outside of the country is banned all across the globe, which has affected the tourism industry. As people can travel to new destinations, the revenue from the tourism industry has stopped for the electric heated shoes market. However, the local population in the cold regions has a steady demand for electric heated shoes.

The growth of the global electric heated shoes market has been decreased dramatically, and this is to continue for the next couple of months. The global electric heated shows market is likely to start recovering after the pandemic starts to normalize with an uninterrupted supply chain across the globe.

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Flatware Market Competitor Analysis, Winning Strategies and Growth Drivers 2030

The flatware industry has evolved over the years as it not only enhances the dining experience but also the aesthetics of the kitchen. Being an indispensable part of tableware, the demand of flatware is anticipated to remain sound in the global flatware market, which is anticipated to record steady growth over the year to come.

Factors such as changing lifestyle, increased willingness to spend luxury flatware, robust growth of the hospitality sector along with rising product visibility across multi-retail outlets and online platforms are underpinning the flatware market growth.

Flatware Market – Key Trends

Leading manufacturers in the global flatware market are witnessing the rising popularity of stainless steel flatware due to the associated health benefits. Manufacturers are focusing on offering the best every day and luxury flatware set, designed as per the preferences of the consumers. For instance, Cambridge Silversmiths have launched Julie satin flatware all-purpose lightweight flatware that has a classic silhouette with clean lines.

Sales of flatware are also substantially influenced by consumer’s preference towards European or American Style flatware. Traditional ways of shopping and price difference in local retail outlets and online platforms are substantially driving the flatware market growth. An extensive range of flatware has mushroomed on online stores in recent years.

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Flatware Market – Growth Restraints

The environmental threat on account of inappropriate disposal of plastics is a major concern for the government and several agencies. This is estimated to arise as the most prominent market constraint. Additionally, increasing raw material costs might hinder market growth over the assessment period.

COVID-19 Impact on Flatware Market

COVID-19 pandemic has led towards nation-wide lockdowns and the shutdown of the majority of retail stores across nations affected sales of flatware. The crisis, however, has escalated sales of flatware via e-commerce distribution channels.

Regional or local players who were yet to enter the online ecosystem are facing the forceful switch to e-commerce distribution channels. Sales through e-commerce channels will help to keep the flatware industry afloat as consumers are increasingly avoiding in-store purchases. Such factors are projected to bring the flatware market back on track in the coming months.

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Flatware Market – Region-wise Analysis

Europe is anticipated to gain market prominence in the global market due to its higher adoption, particularly in Western European nations such as France, Italy, and Germany. Over the years to come, the regional growth is projected to be fueled by the unsaturated Eastern European region. Additionally, increased usage of a different kind of flatware is boosting sales in the region.

Asian regions are anticipated to witness rapid growth due to increased implementation of cutlery in nations such as China, which accounts for the majority of the market share in the region. North America will be the second biggest region in the global flatware market in terms of market share due to the rising spending power of consumers.

Flatware Market – Competitive Analysis

Some of the prominent companies identified in the global flatware market are John Boos & Co., BergHOFF, Picnic Time, Inc., KYOCERA International, Inc. Melange, and Picnic at Ascot. The market is moreover fueled by design innovation, joint ventures, and mergers and acquisitions. For instance,

Italian Flatware maker Merpa took over Punto Soave an artisan-based tabletop manufacturer. The acquisition will help the company to upgrade its design by using Punto Soave’s proficiency in wood, glass, porcelain, and ceramic, and not limiting itself to PVD and metal.

WNA (Waddington North America) launched Reflections Renew, an assembling of silver-look knives, forks, and spoons with PCR (post-consumer resin). The manufacturer is producing metalized plastic cutlery with 20% recycled PS. Arbor Investments acquired Steelite International a manufacturer of melamine, flatware, glassware, dinnerware, buffet ware, and accessories. The acquisition will help accelerate growth through an increase in market presence.

Global Flatware Market: Key Players (this is an indicative list – full list of key players available upon request)

  • Big Tree Furniture & Industries, Inc.
  • WorldKitchen, LLC
  • Ginsu
  • Zwilling J.A.
  • Henckels
  • Hampton Forge
  • KitchenAid
  • Safavieh LLC

Regions and Countries Analyzed in the Report

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

Flatware Market – Market Segmentation

By Product Type

  • Plastic
  • Stainless Steel
  • Silver
  • Gold

By Distribution Channel

  • Online
  • Offline

By Application

  • Public Consumption Restaurant
  • High-end Restaurant

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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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Dog Collars, Leashes & Harnesses Market Key Insights, Profiling Companies and Growth Strategies by 2030

Dogs make up the largest segment of domestically adopted companion pets by a fair margin and dog collars, leashes & harnesses are essential requirements for dog owners. This has led to a vibrant global dog collars, leashes & harnesses market that has seen considerable growth in the past decade; however, the Covid-19 crisis is likely to have a major impact on the market in the near future.

Dog collars, leashes & harnesses may be made up of a variety of materials including nylon, chain, leather, neoprene, faux leather, cotton, biothane, hemp or rubber. Their aim is to help in identification, walking and training of dogs by ensuring comfort for dogs and their owners without compromising on an owner’s ability to control them.

Dog collars, leashes & harnesses may be segmented as per individual types of collars such as choke chains, pinch collars, flat and rolled collars, martingale collars and electronic collars; harnesses such as body harnesses and head halters; and leashes such as standard leashes, chain leashes, retractable leashes, hand-free leashes, split leashes, adjustable leashes and martingale leashes.

Dog Collars, Leashes & Harnesses Market

A rapid growth in numbers of dogs being adopted in the last decade has been a leading driver of the dog collars, leashes & harnesses market. Increase in disposable incomes of dog owners has also proved favourable to the market. Furthermore, increasing consumer awareness about types and utilities of collars, harnesses and leashes is also driving the market.

These products find utility in terms of enhancing safety of dogs in public places and while imparting basic training to young dogs. The dog collars, leashes & harnesses market is also witnessing a positive impact due to increasing governmental legislations across the globe regarding conduct of dogs in public places. Such legislations are aimed at ensuring public safety and welfare of pet animals.

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Trends in the Dog Collars, Leashes & Harnesses Market

Dog owners are increasingly looking for collars and harnesses that are trendy and stylish; the aspects such as designs, colours, materials and patterns of collars and harnesses have thus found increasing traction among manufacturers. Simultaneously, incorporation of technology has also been increasing the utility of collars and harnesses.

Notable recent technological innovations in collars include light-reflecting collars, light-up collars, GPS tracking enabled collars and audio system enabled collars. Such innovations are observed in dog harnesses as well though the primary focus of harnesses is centred around safety, comfort and functionality by reducing stress on a dog’s anterior muscles while walking, running or exercising.

The trend of increasing product utility is observed in leashes as well and multi-purpose, retractable leashes have seen a growth in sales.

Consumers have also increasingly been purchasing collars, leashes and harnesses through online platforms. However, growing dog ownership figures has also meant that sales through pet stores have not shown a decrease. Thus, the dog collars, leashes & harnesses market has seen a diversification in vendor options.\

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Impact of Covid-19

The economic crisis being caused due to the Covid-19 pandemic is likely to result in a decrease in the disposable incomes of current and prospective dog owners. This may have a negative impact on the dog collars, leashes & harnesses market on two fronts.

Prospective dog owners may be deterred from adopting dogs due to the expenses incurred and dog adoption numbers may no longer see the rapid growth like it did in the last decade.

Additionally, dog owners may also seek to reduce their spending on collars, leashes & harnesses; they may hence prefer to determine their purchases based on cost rather than style or utility.

Region-Wise Analysis

North America has been the largest regional segment for dog collars, leashes & harnesses, while Asia-Pacific has been the fastest growing regional segment. Europe is the other large regional segment for the market. The rest of the world meanwhile enjoys a significantly smaller market share, mainly led by Australia and Latin America.

Competition Landscape

The dog collars, leashes & harnesses market is a highly fragmented market on account of the presence of numerous small plays that operate locally. This market may see further fragmentation if consumers show a preference for cost-sensitivity rather than technological advances.

Some of the prominent players in the dog collars, leashes & harnesses market include Costal Pet Products, Hunter, Mendota Pet, PetsUp, Ruff Wear, Pets Empire, Bingin Dog, Co-Leash, Choostix and Smarty Pet.

Dog Collars, Leashes & Harnesses Market (this is an indicative list – full list of key players available upon request)

  • Hyper Pet
  • Co-Leash
  • Mendota Pet
  • Costal Pet Products Inc.
  • Ruff Wear Inc.
  • Bingin Dog
  • Pets Empire
  • Smarty Pet
  • PetsUp
  • Choostix.
  • HUNTER
  • Ruffwear
  • Coastal Pet Products
  • LINK AKC
  • Wagz Inc

Regions and Countries Analyzed in the Report

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

Dog Collars, Leashes & Harnesses Market: Segmentation

By Dog Collars

  • Flat and Rolled Collars
  • Choke Chains
  • Martingale Collars
  • Pinch Collars
  • Head Halters
  • Electronic Collars

By Dog Leash

  • Standard Leash
  • Retractable Leash
  • Adjustable Leash
  • Chain Leash
  • Split Leash
  • Others

By Dog Harness

  • Back-Clip Harnesses
  • Front-Clip Harnesses
  • Dual-Clip Harnesses
  • Others

By Material Type

  • Nylon
  • Leather
  • Neoprene
  • Others

By Distribution Channel

  • Hypermarkets/ Supermarkets
  • Pet Stores
  • Online Retail
  • 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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Water Ionizers Market Analysis, Top Players, Target Audience and Forecast to 2029

A water ionizer is an electronic device that increases the pH level of regular water to alkalinity. Water ionizers produce not only alkaline water fit for consumption of human but also acidic water as a by-product that fits as a cleanser and sanitizer. There is an increased demand for water ionizers in the market owing to the increasing awareness about the benefits of consumption of alkaline water.

Re-mineralization is another significant factor that is boosting the water ionizers market. Water ionizers are available in tabletop, cabinet and wall-mounted type. However, most of the products available in the market are, and thus, it consumes the space of the counter in the kitchen. Manufacturers are now focusing on making wall mounted water ionizers that save the counter space and are compact enough.

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Water ionizers manufacturers are using more number of plates in new water ionizers to get as low as possible oxidation-reduction potential (ORP). Moreover, water ionizers provide a wide range of pH scale. Two-stage internal infiltration technique, digitalization, new aesthetic designs are some of the product improvement in the available water ionizers in the market.

Water Ionizers Market: Market Dynamics

According to scientific studies, alkaline water consumption hydrates body more effectively, can improve digestion and reduce indigestion, helps to fight oxidation process in the body by acting as an antioxidant, and soothes acid reflux by destroying pepsin. Thus, there is gaining popularity for water ionizers in the global market. One of the drawbacks with the water ionizers is that water ionizers do not work efficiently if the tap water is soft water and contains no minerals. A water ionizer cannot perform electrolysis for soft water or externally add minerals.

For externally mineralization process, water ionizers need to be combined with premium water filters that perform the electrolysis process. And the availability of such water filters with the ionizing technique is relatively less.

Water Ionizers Market: Regional Outlook

Water ionizers market has been dominated in the Asia region for more than 30 years. Specifically, East Asian countries like South Korea and Japan have a prominent market for water ionizers. These countries have testing and certifications for water ionizers to ensure the safety and reliability of the products. South Asia is also a significant region for water ionizer market.

Most of the Asian countries export the water ionizers to the western states. North America has potential growth for the market for water awareness owing to health awareness among consumers on alkaline water. The market in Europe and Oceania is estimated to have a gradual increase in water ionizers’ demand. The Middle East and Africa (MEA) and Latin America will be emerging markets for the water ionizers over the forecasted period.

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Water Ionizers Market: Key Players

Some of the major players in the Water Ionizers market are Bawell Health Water LLC, Alkalux, Impart, VWA, AYANA WATER, EMCO TECH CO., LTD, Chanson Water Co., Ltd., AIR Water LIFE, Vollara, LLC., Life Ionizers, AlkaViva, LLC, KYK Co., Ltd., TyentUSA, Enagic, Pure-Pro Water Corporation, Aqua-Win Water Corporation, Dianapure International Co.,Ltd,  and among others. These markets players are anticipated to influence the water ionizers market positively.

The research report presents a comprehensive assessment of the Water Ionizers market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for Water Ionizers market. The research report of Water Ionizers provides analysis and information according to market segments such as geographies, product type, nature, and application.

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The Water Ionizers market report covers exhaustive analysis on:

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

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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Power Tools Market Offline Sales Are Expected To Account For 64.3% Of The Overall Share By 2031 End

The global power tools market size was valued at US$ 33.36 Bn in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% CAGR between 2021 and 2031. Tools that are activated using a power source apart from manual labor are termed as power tools.

They are used in a variety of applications, including production and assembly lines, maintenance and repair, packaging, and do-it-yourself projects. Power tool demand is being driven by several factors, including ease and efficiency of operation, reduced time and labour requirements, and easy portability.

Demand is expected to skyrocket as manufacturing activity expands across the industry. According to fmi, production programmes will account for the majority of market income during the forecast period. Aside from that, the growing popularity of do-it-yourself sports will increase revenue opportunities for the market.

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Key Takeaways from Global Power tool Market Study

  1. The power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3%
  2. The overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031.
  3. The U.S. is expected to spearhead growth in North America, accounting for over 62% of the overall share in the region in 2021
  4. The U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031
  5. The outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributing to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with the advent of online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

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Key Segments

Product Type

  • Drilling Tool
  • Fastening Tool
  • Heat Gun
  • Angle Grinder
  • Chain Saw
  • Orbital Sander
  • Jigsaw
  • Impact Wrench
  • Circular Saw

Technology

  • Electric
    • Corded
    • Cordless
  • Pneumatic

Application

  • Manufacturing
    • Metal Fabrication
    • Automotive
    • Railways
    • Aerospace
    • Furniture
    • Others
  • MRO Services
    • Facility Management
    • Automotive
    • Aerospace
    • Other Industrial
  • DIY
  • Construction

Sales Channel

  • Online
  • Offline

Region

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

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Automotive Diagnostic Scan Tools Market Trends, Growth, Future Demand, Analysis and Forecast by 2032

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

Automotive Diagnostic Scan Tools Market: Drivers & Restraints        

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

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Automotive Diagnostic Scan Tools Market: Segmentation          

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

Automotive Diagnostic Scan Tools Market: Overview          

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

Automotive Diagnostic Scan Tools Market: Region-wise Outlook      

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

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Automotive Diagnostic Scan Tools Market: Key Players

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

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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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U.S. Solar Micro Inverter Market Is Expected To Expand At A CAGR Of 12.4% Over The Forecast Period By 2026, FMI

The global solar micro inverter market is expected to reach US$ 488.2 Mn by 2016 end and expand at a 16.6% CAGR over the forecast period (2016-2026).

The global solar micro inverters market is expected to grow 11.4 percent year on year in 2016, reaching US$ 488.2 Mn in terms of market value. A solar micro inverter is a DC to AC inverter that is used with photovoltaic systems. In contrast to conventional string/central inverters, a micro inverter operates on Module Level Power Electronics, which means that power conversion occurs at the module level.

The demand for solar micro inverters is expected to skyrocket as the number of photovoltaic (PV) installations grows, as does the need to improve overall system efficiency and safety.

Due to falling prices and new products, the growing demand for solar micro inverters will continue to penetrate the market for module-level power electronics.

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The higher adoption of photovoltaic installations is a key factor driving the growth of the global solar micro inverters market. Moreover, rising preference for fully integrated PV modules or AC Modules, is anticipated to fuel the demand for solar micro inverters. The U.S. National Electric Code (NEC) also favours the usage of micro inverter technology and is driving the demand for micro inverters in the North American market. However, the use of power optimisers as an alternative to micro inverters can restrain the growth of the global solar micro inverter market.

On the basis of system type, the global market for solar micro inverters is expected to be dominated by Stand Alone system sales, followed by micro inverter systems sold for developing AC Modules, named as integrated systems. In 2015, the stand alone solar micro inverter systems procured global market share of 96.7%, and are expected to attain estimated revenues of US$ 471 Mn by 2016-end.

By end-user type, the residential segment of the global market will continue dominance over the commercial segment by attaining a market share of 76.2% in 2016. Among residential end-users, changing consumer preference for more efficient and safe inverter alternative will prompt the replacement of conventional inverters with solar micro inverters. Dropping prices and rising commercial scale PV installations will incite extensive growth in the demand for solar micro inverters among the commercial segment as well.

Due to the varying use of micro inverters across the world, global players are concentrating on regions where awareness about using renewable energy resources is higher. Robust adoption of PV storage systems in the U.S. will continue to fuel demand for solar micro inverters in North America, and the region is expected to attain market value of US$ 282.2 Mn in 2016.

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Moreover, Asia Pacific excluding Japan (APEJ) is expected to be a lucrative region for the growth of the global market. The growing trade of inexpensive inverters in China and India will boost the demand for solar micro inverters in APEJ region. The key players contributing to the growth of the global solar micro inverters market include, SMA, Darfon Electronics, ABB, APSytems, Chilicon Power, iEnergy, Enphase, NEP, SunPower, and Sparq Systems among others.

Long-term Outlook: The global solar micro inverters market is expected to expand at a CAGR of 16.6% during the forecast period 2016-2026. Over the forecast period, North America and APEJ will continue to be the most profitable regions for the growth of the global market for solar micro inverters.

Key Segments Covered

By System Type

  • Stand-Alone
  • Integrated

By End Use Type

  • Residential (0-20Kw)
  • Commercial (20Kw-1Mw)
  • Utility (1Mw and above)

Key Regions/Countries Covered

  • North America
  • U.S.
  • Canada
  • Latin America
    • Chile
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • Italy
    • France
    • U.K.
    • Spain
    • Belgium
    • Netherlands
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
    • China
    • India
    • ASEAN
    • Australia
    • Rest of APEJ
  • Japan
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of MEA

About Us:

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

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Aircraft Sequencing System Will Expand At 11.5% CAGR By 2027 End, Future Market Insights Inc.

FMI has released a report titled ‘Aircraft Sequencing System Market – Global Industry Analysis 2013-2017 and Market Forecast 2018-2027.’ The aircraft sequencing system market is expected to grow at a significant 11.5 percent CAGR during the forecast period, owing primarily to increased air traffic and constantly improving commercial airline spending globally.

While North America and Europe will remain the most important regional hubs for aircraft sequencing market participants in the coming years, developing countries in APAC and MEA have been identified as attractive investment pockets for aircraft sequencing system market participants. Apart from its significant contribution to global air traffic and trade, North America’s market leadership in this sector is attributed to the strong presence of prominent vendors.

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Aircraft sequencing system market in Asia Pacific is estimated to witness promising growth in coming years, with governments of fast developing economies such as China and India augment their aviation spending. Increasing trade activities involving some of the other prominent Asian countries such as Australia, Singapore, Malaysia, and others will also contribute heavily to the growth of aircraft sequencing system market within APAC.

MEA’s aircraft sequencing system market is likely to emerge lucrative in line with the flourishing tourism industry within the region. Moreover, the increasing spending on military airports and growing usage of airfreight transportation will strongly boost the aircraft usage in MEA, further pushing the revenue growth of aircraft sequencing systems market.

Thriving World Trade & International Business Relations to Accelerate Adoption of Aircraft Sequencing Systems

Air traffic is expected to increase during the forecast period, attributed to the increasing world trade among various countries including the US and UK, UAE, Kuwait, China, India, South Africa, Brazil, and others. Moreover, the number of airports in these countries is expected to increase due to increasing world trade.

Furthermore, international business relations are becoming stronger due to globalization and the expansion of MNCs. The aforementioned factors are expected to significantly contribute to the growth of the aircraft sequencing system market during the forecast period.

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Long-term Contractual Agreements to Trend in Competition Landscape of Aircraft Sequencing System Market

According to FMI’s analysis, some of the market participants in the global aircraft sequencing system market report include Harris Corporation, Amadeus IT Group SA, ATRiCS Advanced Traffic Solutions, GmbH & Co. KG, Thales Group, Eurocontrol, Airtopsoft (Transoft Solutions Inc.), PASSUR, Aerospace, Collins Aerospace (United Technologies), ADB SAFEGATE (Carlyle Group), and Copperchase Limited.

In addition to focusing on delivering seamless customer experience round the clock, key companies in the aircraft sequencing system market are emphasizing long-term contracts with the end users of aircraft sequencing systems. The latter is likely to remain a prominent developmental strategy in the competitive landscape of global aircraft sequencing systems market, according to the report, and will supplement efforts of companies in revenue generation through innovations.

Key Segments for the Aircraft Sequencing System Market:

By Component

  • Software
  • Services

By Type of Airport

  • Domestic
  • International

By Application

  • Commercial
  • Military
  • Training Institute

 Regions Covered in the Aircraft Sequencing System Market Report:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Rest of Europe
  • APEJ
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of APEJ
  • Japan
  • MEA
    • GCC Countries
    • Israel
    • South Africa
    • Rest of MEA

About Us:

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

Contact:
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Automotive Energy Recovery Systems Market Size, Share, Growth Trends, and Forecast Analysis to 2032

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

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

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

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

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Automotive Energy Recovery Market: Drivers and Challenges    

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

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

Automotive Energy Recovery Market: Overview

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

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Automotive Energy Recovery Market: Region-wise Outlook

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

Automotive Energy Recovery Market: Key Players      

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

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

The report covers exhaustive analysis on:

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

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Regional analysis includes

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Automotive Energy Recovery Market: Segmentation

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

The global automotive energy recovery system market is segmented as:

  • Regenerative Braking System

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

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

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

  • EGR
  • Turbochargers

Report Highlights:

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

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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 All Reports: https://www.futuremarketinsights.com/reports
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