Market Research Blog – Page 11830 – New Product Development

Advanced Analytics Market is anticipated to expand at a 5.5% CAGR by 2022

Future Market Insights (FMI) has published a new report, which is titled, “Advanced Analytics Market: APEJ to Remain Most Lucrative Market for Advanced Analytics: Global Industry Analysis (2012 – 2016) & Opportunity Assessment (2017 – 2022).” According to the report, the global advanced analytics market is anticipated to expand at a 5.5% CAGR from 2017 to 2022 and reach a market value of US$13,500 mn by 2022. The growing need to address diverse business requirements is one of the key factors fueling the adoption of advanced analytics.

Businesses are increasingly focusing on expanding their reach so as to gain higher market shares on account of the increasing competition and for this they require intelligence which may help them for predicting future scenarios and preparing them for the future. Businesses also require intelligence to identify opportunities that lie ahead, anticipating the problems that they might encounter in the future, as well as improve the processes. For all these problems, advanced analytics emerge as an effective solution.

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The adoption of advanced analytics has also risen on account of a number of niche players who have entered the market and are providing advanced analytics solutions at a relatively lower cost. Moreover, many small and medium sized industries are also offering advanced solutions and updated services so as to optimize businesses at low cost.

This is fueling the adoption rates of advanced analytics solutions across businesses and organizations. Businesses are benefiting from incorporating advanced analytics solutions such as Big Data Analytics, data mining, and location intelligence, which enable them to extract valuable information and make smart business decisions.

The perception that advanced analytics can be an expensive technique for adoption is common among many enterprises. However, this perception is soon changing and enterprises are realizing the various benefits of adopting advanced analytics so as to develop market strategies and make customer oriented moves which will bring success to their business.

Competitive Landscape

Some key companies are IBM Corporation, Microsoft Corporation, SAP SE, SAS Institute System, Infor, Teradata, Oracle Corporation, Intel, CA Technologies

Key Segments Covered

On the basis of geography, the global advanced analytics market is segmented into Asia Pacific except Japan, North America, Europe, and the Middle East and Africa. Of these, the fastest expansion is predicted in North America and this region is anticipated to cross US$2500 mn by 2022. For gaining insights, many enterprises within North America are adopting advanced analytics solutions which are helping them to identify various industry trends as well as future opportunities.

It is estimated that APEJ will emerge as the largest market for advanced analytics by revenue. Europe will also follow the footsteps North America and expand at a rapid CAGR in the forecast period. However, the Middle East and Africa will experience a slow growth in the advanced analytics market.

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By end use, the advanced analytics solution is witnessing fastest sales from the retail and consumer goods industry. By 2022, this segment is expected to cross US$3000 mn by revenue. The BFSI industry segment will exhibit a low CAGR throughout the forecast period whereas the government and healthcare industry segment will expand at a high CAGR through 2022. In terms of revenue however, BFSI will remain one of the most lucrative segments in the market.

Key Segments Covered

Region :

North America
Latin America
Europe
Japan
APEJ
MEA

Solutions :

Big Data Analytics
Visual Analytics
Risk Analytics
Social Media Analytics
Predictive Analytics
Other Solutions

Industry :

BFSI
Healthcare
Government
Defense
Retail & Consumer Goods
Other Industries

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About Future Market Insights (FMI)

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

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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Traditional Toys and Games Market Growth, Trends, Share, Opportunities, Size and Demand, Concludes FMI

According to a recent market analysis by Future Market Insights (FMI), sales in the global traditional toys and games market are slated to reach US$ 90 Bn in 2021, expanding at a 4% CAGR over the forecast period 2021-2031.

The demand for traditional toys and games gained traction as countries imposed lockdown to contain the COVID-19 outbreak. While supply-chain disruptions continued posing threat, some of the top traditional toys and games brands shifted their focus to online sales channels. Against this backdrop, FMI has forecast the traditional toys and games market to grow by 2% year-over-year between 2020 and 2021.

Surging demand for educational toys and games for toddlers is expected to augment growth of the traditional toys and games market. Educational toys are ideal for toddlers as they can help in stimulating the cognitive ability of children and improve their decision-making process.

Rising awareness regarding the significance of educational toys in children’s school curriculum will continue providing tailwinds to sales of traditional toys and games over the forecast period.

In addition to this, growing trend of collecting action figures, toys, figurines, puzzles, and theme-based construction game sets among millennials is expected to augment growth of the market. To capitalize on this trend, manufacturers are investing in licensing and branding with premium franchises to launch such collectibles.

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Key Takeaways:

Sales of construction games are expected to continue gaining traction over the assessment period.
Based on material, plastic traditional toys and games will continue dominating the market.
Demand for traditional toys and games for children under the 3-4 years age group is expected to gain momentum.
In terms of sales channels, online retail is expected to account for a dominant share of the global traditional toys and games market.
The U.S. is anticipated to dominate the North America toys and games market due to growing demand for licensed toys and games among millennials.
The U.K. will continue exhibiting high demand for traditional toys and games owing to growing popularity of technology-enabled toys.
China will emerge as a lucrative traditional toys and games market due to the expansion of ecommerce and wide availability of products in the country.
Japan and South Korea are expected to account for 35% and 21% of the total traditional toys and games market share over the forecast period.

Competitive Landscape

Dream International Limited, Hasbro, Inc., Jakks Pacific Inc., Mattel, Inc., Lego A/S, BANDAI NAMCO Holdings Inc., LeapFrog Enterprises, Inc., Spin Master Corp, Tomy Co., Ltd., Playmates Toys Limited, Games Workshop Group PLC, Kids Ii Inc., Madame Alexander Doll Company LLC, Mega Brands Inc., Melissa & Doug Inc., Funskool (India) Limited, Funko LLC, K’NEX Brands, L.P., Ravensburger AG, and MGA Entertainment, Inc. are among the leading players operating in the global traditional toys and games market.

As per FMI, top 5 players operating in the traditional toys and games market are anticipated to hold 10-15% of the total market share in 2021.

Leading players operating in the traditional toys and games market are aiming at product portfolio expansion by launching innovative products in the market. Apart from this, players are investing in licensing and branding of toys and games to gain a competitive edge in the market. For instance:

In July 2021, LeapFrog Enterprises Inc., a global leader in innovative educational toys, launched its new collection of learning toys that feature curriculum-based content and important foundational skills.
In October 2021, Spin Master Corp., launched the first collection as the global toy licensee for Riot Games’ ‘League of Legends’, the most-played PC game in the world.

More Insights into the Traditional Toys and Games Market Report

FMI, in its new offering, provides an unbiased analysis of the traditional toys and games market presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031). The study divulges compelling insights on the demand for traditional toys and games based on product type (games/puzzles, infants/toddlers/preschool toys, plush, outdoor & sports toys, model vehicles, dolls, construction sets, arts and crafts, remote control toys, educational toys, dress up and role play and ride on vehicles), material (plastic, textile, metal, and wood), and age group (0-18 months, 19-36 months, 3-4 years, 5-8 years, 8-10 years, and 11-14 years) and sales channel (hyper/supermarket, online, franchised outlets, departmental stores, and others (discounters, variety stores) across seven regions.

Information Source @ https://www.futuremarketinsights.com/reports/traditional-toys-and-games-market

Traditional Toys and Games Market by Category

By Product Type:

Games/Puzzles
Infants/Toddlers/Preschool Toys
Plush
Outdoor & Sports Toys
Model Vehicles
Dolls
Construction sets
Art and Crafts
Remote control toys
Educational toys
Dress up and role play
Ride on vehicles

By Material:

Plastic
Textile
Metal
Wood

By Age Group:

0-18 months
19-36 months
3-4 years
5-8 years
8-10 years
11-14 years

By Sales Channe:

Hyper/Super market
Online
Franchised Outlets
Departmental Stores
Others (Discounters, variety stores)

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Region:

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

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About 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
Report: https://www.futuremarketinsights.com/reports/traditional-toys-and-games-market
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Smart Elevator Automation System Market is expected to grow at a CAGR of 14.3% during the forecast period by 2027

In terms of value, the global smart elevator automation system market is expected to grow at a CAGR of 14.3% during the forecast period. The global smart elevator automation system market was valued at US$ 8,487.6 Mn in 2016, and is projected to grow significantly to reach US$ 36,417.8 Mn by 2027 owing to increasing construction of new high-rise buildings and growing urbanization.

In this report, FMI has segmented the global smart elevator automation system market on the basis of service, component, end users and region. By service, the smart elevator automation system market is further segmented into installation service, repair & maintenance service and modernization service.

Future Market Insights recently published a report titled “Smart Elevator Automation System Market – Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027”. Smart elevator automation system is a new generation of elevators equipped with innovative technologies, which offer various facilities along with security.

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The smart elevator automation system is designed to minimize the overall energy consumption and manage passenger traffic efficiently within a building. With the advancement in technology and changing building infrastructure, smart elevator automation systems have become versatile to securely manage building traffic. These factors are expected to boost the growth of the global smart elevator automation system market.

Smart Elevator Automation System Market: Segmental & Regional Forecast

Governmental regulations & standards for global green infrastructure, reduction in the operational cost and automation are the major factors expected to drive the growth of the smart elevator automation system market. In terms of value, the residential sector sub-segment is projected to register high growth during the forecast period in the global smart elevator automation system market.

Based on component, the card reader sub-segment in the smart elevator automation system market is expected to grow at a high CAGR of 19.2% over the forecast period. However, the sensor motor & automation system sub-segment is expected to capture large share in the global smart elevator automation system market as their demand is increasing to maximise energy efficiency and elevator travel speed. In terms of value, the sensor motor & automation system sub-segment is expected to create an incremental opportunity of US$ 7,333.7 Mn during the forecast period in the global smart elevator automation system market.

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Furthermore, the global smart elevator automation system market has been segmented into seven major regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). In terms of value, the Asia Pacific Exc. Japan Smart elevator automation system market is estimated to expand with a CAGR of 18.6% over the forecast period.

This can be attributed to transformation of the existing infrastructure and increasing number of smart city projects. In Western Europe, Germany is expected to be the dominant market for smart elevator automation system, and to create incremental opportunity of US$ 2,042.8 Mn between 2017 and 2027.The growing demand for enhanced safety and security systems is one of the major factors fuelling the growth of the smart elevator automation system market in Western Europe.

Companies Operating in the Smart Elevator Automation System Market

Examples of some of the key participants covered in the report of the smart elevator automation system market include Fujitec, Mitsubishi, Hitachi, Kone Corporation, Otis Elevator, Schindler, ThyssenKrupp Elevator, Tyco International, and Honeywell. The report also describes company-specific strategies, key differentiators, market structure and competitive share analysis related to prominent industry stakeholders.

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Key Segments Covered

By Service
- Installation Service
- Repair & Maintenance Service
- Modernization Service
By Component
- Card Reader
- Biometric
- Touch Screen and Keypad
- Security and Control System
- Sensors, Motors and Automation System
- Building Management System
By End-user
- Residential Sector
- Commercial Sector
- Hotel
- Other

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Mobile Phone Accessories Market Demand, Sales Value, Key Players, SWOT Analysis, Key Indicators and Forecast to 2031

According to the report, the key accessories available in the mobile phone accessories market include a protective case, headphones/earphones, chargers, batteries, memory card, power bank, portable speaker, and ‘others’.

In 2021, the Mobile Phone Accessories Market is expected to be worth $86.6 billion. By 2031, the market is expected to develop at a CAGR of 6.7 percent, reaching US$ 166 billion. In North America, the United States continues to account for 78 percent of overall sales. While China will remain the largest market in East Asia, demand from South Korea and Japan is expected to increase rapidly.

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Among these products, demand for protective cases is most robust currently, with this segment accounting for one-fifth of the overall market in 2021. FMI expects demand for protective cases to remain strong during the forecast period 2021-2025.

Inability of modern-day smartphone batteries to withstand heavy usage has led to robust demand for power banks. Owing to stellar demand, power bank segment is expected to gain 230 BPS during the forecast period, and increase its market share from 10% in 2014 to 12.3% in 2025. Power bank segment is also expected to witness the highest CAGR, growing at 9% between 2015-2025.

The key factors that are driving the global mobile phone accessories market include rising smartphone ownership and mushrooming of multi-brand distributors and retailers.

Smartphone sales are buoyant in emerging economies, such as China, India, Brazil, and Indonesia. Smartphone shipments increased from 1.1 Bn units in 2013 to 1.2 Bn units in 2014. Around 45% of these 1.2 Bn units were shipped to China. FMI expects the rising smartphone ownership to create secondary demand for products that are not usually included in the box, such as power banks and protective cases.

In addition to multination brands, the smartphone segment in emerging nations also includes regional players, such as Xiaomi and Micromax. FMI’s analysis revealed that compared to multinational brands, these local players offer fewer mobile accessories in their offerings in a bid to keep the prices competitive. Owing to this, a majority of consumers buy mobile accessories from the local market or from e-commerce sites. Increase in the sales of smartphones made by local manufacturers is expected to provide an impetus to the mobile phone accessories market during the forecast period.

Mushrooming of multi-brand distributors and retailers has given mobile phone accessory manufacturers the opportunity to target a larger customer base. Furthermore, sales of mobile phone accessories through e-tailers is also contributing to the growth of the market globally. FMI expects both multi-brand stores and e-commerce stores to expand during the forecast period, which in turn, is anticipated to provide an impetus to the global mobile phone accessories market.

Although FMI maintains a positive outlook on the global mobile phone accessories market, few factors can restrain the growth during the forecast period.

Lack of stringent checks on pirated accessories is eating into the revenue share of key stakeholders in the market. Pirated mobile accessories are offered at a fraction of the price of original products, making it difficult for manufacturers to compete with them.

Currently, there exists a lack of standardization in technology and components used for manufacturing mobile accessories. Undefined standards in the market lead to high product and price differentiation, this may hinder growth of the mobile accessories market to some extent.

The key trends analysed by FMI in the global mobile phone accessories market include growing demand in Asia and spate of mergers and acquisitions. Diversification of product portfolio and product advancement are the other major trends in the global mobile phone accessories market.

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Mobile Phone Accessories Market by Category

Product Type

Power Banks
Batteries
Chargers
- Wired
- Wireless
Protective Cases & Covers
Headsets
Portable Speakers
Memory Cards
Data Cables
Mount & Stands
Selfie Stick
Others (Stylus Pen)

Packaging Type

Folding Cartons
Clear View Boxes
Pouches & Bags
Clamshells
Blister Packs
Trays

Sales Category

By Brands
By 3^rd Parties
By White Labels/No Name Brands

Price Range

Premium
Mid
Low

Sales Channel

Retail Outlets (Multi-Brand Outlets)
Electronic Stores
Franchise Outlets
Exclusive Stores (Branded Stores)
E-Commerce

Region

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

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About FMI

Contact:

Future Market Insights Inc.
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T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/global-mobile-phone-accessories-market
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Notebook Market is expected to grow with a sluggish CAGR of 0.3% for the decadal study ending in 2027

Future Market Insights, in its upcoming report titled ‘Notebook Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)’ has comprehensively assessed the global notebook market. The notebook market is expected to grow with a sluggish CAGR of 0.3% for the decadal study ending in 2027.

Rapid advancements in cloud technology, greater security concerns, and the need for continuous Internet connectivity are a few of the factors expected to lead to a shift towards cloud solution providers. Cloud computing allows users to store data and run applications seamlessly over the Internet instead of storing them on physical hard drives, reducing the requirement for high-powered energy-sapping processors found in corporate computing devices.

The notebook market is predicted to directly benefit from this notable shift as notebooks have a diverse range of hardware configurations and are perfectly suited to functioning in a cloud-first environment within a competitive price range.

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Corporate offices larger than gaming and others in the notebook market

The Corporate Office application represents a larger market opportunity than the Gaming and Others application segments combined. The Corporate Office segment is projected to have a value of more than US$ 65 billion in 2017 alone. Even though the CAGR is 0.3% from 2017-2027, the Corporate Office segment dominates the global notebook market by application and is unlikely to cede its pole position anytime soon.

Incumbents as well as new entrants in the notebook market should innovate with laser-like focus to drive growth in the global notebook market. Augmented Reality and Virtual Reality have massive potential and could be the next-gen computing platforms. Notebooks with AR/VR capability built-in could become commonplace in business and commercial applications such as video games, product demos, and watching events. These technological leaps might change the computing experience immeasurably and offer limitless opportunities for notebook manufacturers, provided they are tapped.

Competition Dashboard of the Global Notebook Market

The companies profiled in the notebook market report include Hewlett-Packard, Samsung Electronics, Dell, Acer, Lenovo Group, Apple Inc., Micromax Informatics, Microsoft Corporation, Sony Corporation, Asus Tek Computer, Micro Star International, Toshiba Corporation, Gateway Inc., Fujitsu Computer System, LG Electronics, Megatron, Smartron, and Razor Blade.

Key Insights of the Notebook Market

Notebook providers could prioritize emerging markets in the APEJ and MEA region that are poised to experience rapid growth in the medium term. Advanced economies are expected to record growth rates of less than 2% according to an analysis by the World Bank. In addition, the demand for sub-notebooks is increasing on account of numerous features such as advanced cooling, wide-angled displays, wireless charging, and digital writing touchpads. Incumbents as well as new entrants in the notebook market should innovate with laser-like focus to drive growth in the global notebook market. Augmented Reality and Virtual Reality have massive potential and could be the next-gen computing platforms. Notebooks with AR/VR capability built-in could become commonplace in business and commercial applications such as video games, product demos, and watching events. These technological leaps might change the computing experience immeasurably and offer limitless opportunities for notebook manufacturers, provided they are tapped.

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Notebook Market Taxonomy

Type

Desktop Replacement Notebook

Mainstream Notebook

Standard Portable Notebook

Sub-Notebook

Application

Corporate offices

Gaming

Others

Price Range

Below US$ 500

US$ 501- US$ 1000

US$ 1001 – 1500

More than US$ 1500

Region

North America

Latin America

APEJ

Japan

MEA

Western Europe

Eastern Europe

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Glass Tableware Market Growth, Sales Outlook, Development Status, Competition Analysis, Type and Application 2032

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

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

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

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Key Takeaways from the Glass Tableware Market Study

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

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

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

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Who is winning?

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

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

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

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global glass tableware market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the glass tableware market based on the product type (beverage ware, tableware, baby bottles, and others), by end use (household and commercial), by sales channel (hypermarkets/supermarkets, specialty stores, multi-brand stores, convenience stores, online retailers, wholesalers & distributors, and other sales channels) across seven major regions.

Market by Category

By Product Type:

Beverage Ware
Tableware
Baby Bottles
Others

By End-Use:

Household
Commercial

By Sales Channel:

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

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By Region:

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

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Pet Furniture Market Demand, Global Analysis, Size, Share, Incredible Growth, Detailed Industry Analysis and Business Prospects | FMI

The pet furniture market is poised to reach a valuation of US$ 5 Bn in 2022. Sales are projected to increase at a 6.2% CAGR, with the market size reaching US$ 9.2 Bn by 2032.

Rising pet adoption around the world has resulted in high demand for pet furniture. Increasing tendency of pet-parents to spend on premium and multi-functional products is expected to augment the growth in the market.

Increasing investments in research and development has led to the introduction of sustainable pet furniture products. Pet care products that provide health and comfort benefits, as well as entertainment for pets are gaining traction in the market.

In addition to this, players are launching new products at online retail channels to improve their regional presence. Consumers are preferring online retail channels across emerging economies due to lack of pet specialty stores. Increasing sales through digital platforms will propel growth in the market over the forecast period.

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“Rising adoption of pet furniture across animal rescue organization, along with growing influence of pet humanization culture through social medial platforms will boost sales of pet furniture worldwide,” says an FMI analyst.

Key Takeaways:

North America is expected to lead the global pet furniture market, holding 40-45% of the total market share.
Trees and condos for cats will account for 30-30% of the total sales of pet furniture.
Based on pet type, the cats segment will emerge as a lucrative segment.
Demand for cotton-based pet furniture will remain high.
Sales of pet furniture through pet specialty stores will continue gaining traction.
Asia’s pet furniture market is forecasted to grow by a significant amount due to the increasing pet-adoption in major countries like India, China, and South Korea.

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Competition Landscape

Key players in the global pet furniture market are FurHaven Pet Products, Aosom LLC, Go Pet Club LLC, PetPals Group Inc., Inter IKEA Holding B.V., MidWest Homes for Pets, North American Pet Products, Ware Pet Products, Shanghai Senful Pet Products Co. Ltd, Tuft and Paw Co., Fable Pets, Wild One Co., LayLo Pets Co., PetGear Inc., Nest Bedding Inc., Prevue Pet Products, and Pet So Good among others.

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Future Market Insights, in its new offering, provides an unbiased analysis of the global pet furniture market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the pet furniture market based on by product type (houses, sofa & beds, trees & condos, and others), by pet type (dogs, cats, and others), by material type (cotton, plush, fabric, wood, and others), by sales channel (wholesalers/retailers, hypermarket/supermarket, direct sales, pet specialty stores, online stores, and other sales channel) across seven major regions.

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Market by Category

By Product Type:

Houses
Sofa and Bed
Condos and Trees
Others

By Pet Type:

Dogs
Cats
Others

By Material Type:

Cotton
Plush
Fabric
Wood
Others

By Sales Channel:

Wholesalers/Retailers
Hypermarket/Supermarket
Direct Sales
Pet Specialty Stores
Online stores
Other Sales Channel

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Summary of Key Statistics

1.3. Summary of Key Findings

1.4. Product Evolution Analysis

1.5. FMI Analysis and Recommendations

Market Overview

2.1. Market Taxonomy

2.2. Market Definition

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Winning Themes

3.3. Key Product Development Trends

3.3.1. Product Launches

3.3.2. Acquisition & Mergers

3.3.3. Expansion

Global Pet Furniture Market Demand Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Volume (Units) Analysis, 2017-2021

4.2. Current and Future Market Volume (Units) Projections, 2022-2032

4.3. Y-o-Y Growth Trend Analysis

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Earphone and Headphone Market expanding at a CAGR of 7.9% over the 2022 to 2028 assessment period

The global earphone and headphone market is estimated at US$ 22.3 Bn in 2022, and is projected to close in on a valuation of US$ 35.2 Bn by 2028, expanding at a CAGR of 7.9% over the 2022 to 2028 assessment period.

Future Market Insights has recently published a market research report titled “Earphone and Headphone Market – Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028.”

Developing Countries Turning into ‘Largest Sales Hub’

The sales of mobile phones and smartphones have grown significantly across the world since the past few years, especially in developing countries such as India, China, Brazil, and Mexico. Moreover, the increasing trend of mobile shopping, E-banking, and bringing your own device (BYOD) is driving the global demand for smartphones and tablets, which is, in turn, boosting the technologically advanced devices, such as Wi-Fi enabled devices, in the earphones and headphones market.

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The increasing migration of the rural population to cities, especially across developing countries such as India, China, Brazil, Mexico, and Indonesia, has boosted the adoption of low- or medium-price earphones & headphones. Europe will however remain the leading market for earphone and headphone in the near future, according to FMI’s findings.

In the past decade, there was an upsurge in urbanisation, which resulted in an increase in the disposable income of the population that migrated to urban areas. Growth in the disposable income of the people has boosted the adoption of technologically advanced products worldwide, which include smart devices, smartphones, tablets, and advanced wireless earphones. This trend has been majorly observed in developing countries, such as India, China, Brazil, Mexico, and Indonesia. This has resulted in an increase in the adoption of earphones and headphones in these countries.

Strengthening the distribution channel and expanding advertising platforms for earphones and headphones is also contributing to the development of the global market for earphones and headphones. The music industry as a whole is estimated to contribute to the growing GDP and per capita revenue of various nations. Thus, continuous growth in the music industry and the music streaming market is boosting the adoption of accessories for music systems, which include earphones, headphones, and intelligent speakers.

Companies Shifting Focal Point to Multi-Brand Distribution & E-commerce

A significant number of companies in the earphone and headphone market depend mainly upon powerful sales channels, such as multi-brand distributors and the retailers of headphones & earphones, to be able to offer better customer service and achieve a competitive edge in the earphone and headphone industry. In addition to partnerships with distributors, the providers of earphones and headphones collaborate with numerous E-commerce companies, such as Alibaba and Amazon, due to the growing E-commerce industry, especially in nations such as the U.S., China, Brazil, and India. Strengthening the distribution channel and expanding marketing platforms for various items also contributes to the development of the global market for earphones and headphones.

Some of the key players in the global earphone and headphone market research report include Plantronics Pty Ltd., Sennheiser Electronic GmbH & Co. KG, JVC Corporation, GN Netcom (Jabra), Sony Corporation, Harman International Industries, Philips Electronics Ltd., Bose Corporation, Beats (Apple Inc.), and Audio-Technical Corporation. These companies in the earphone and headphone market are continually focusing on providing leading products and following the strategy of entering into collaborations and partnerships with other providers to offer enhanced earphones & headphones and to reach new growth markets during the forecast period.

Based on product type, the global earphone and headphone market is sub-segmented into ear buds, in-ear, on-ear, and over-ear. The rapid growth of the music industry and the penetration of music streaming has resulted in significant growth in the demand for earphones and headphones. Based on technology, the global earphone and headphone market is sub-segmented into systems, which include wireless and wired.

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About Technology Division at Future Market Insights

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

Key Segments of Earphone and Headphone Industry Survey

Earphone and Headphone Market by Product Type:

Earbuds
In-ear
On-ear
Over-ear

Earphone and Headphone Market by Technology:

Wireless
Wired

Earphone and Headphone Market by Headset Type:

ANC
Non-ANC

Earphone and Headphone Market by Application:

Personal Use
Professional
Sports
Gaming

Earphone and Headphone Market by Distribution Channel:

Distributors & Value Added Resellers
Retail Stores

Earphone and Headphone Market by Price Range:

Low Price
Medium Price
Premium Price

Earphone and Headphone Market by Region:

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

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Bagasse Tableware Products Market Current and Future Trends, Leading Players, Industry Segments and Regional Forecast By 2031 | Says FMI Analyst

The bagasse tableware products market revenue is expected to register y-o-y growth of 4.3% and reach US$ 1.95 Bn in 2021. This demand for bagasse tableware products will accelerate with top-tier players holding 25% to 30% of the total sales of bagasse tableware products.Future Market Insights (FMI) has forecast the global bagasse tableware products market to total US$ 3.75 Bn by 2031, expanding at 6.8% CAGR between 2021 and 2031.

Plastic and Styrofoam are the cheapest and most readily available packaging materials, but they are not nature-friendly. Bagasse is one of the most eco-friendly options used in making various food packaging and serving products.

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Key Takeaways from Bagasse Tableware Products Market

By product type, the plates segment is expected to hold market share of around 42% by 2031.
Based on application, demand in the food segment will account for 89% of sales in the market by 2031.
By sales channel, the direct sales segment is projected account for over 66% market share by 2031.
Bagasse tableware products are used widely for commercial, institutional, and household sectors. The commercial use segment is expected to create an incremental opportunity of US$ 1.7 Bn during the forecast period.
The East Asia region is expected to be highly lucrative, while South Asia is projected to outpace other regions exhibiting ~8% CAGR during the forecast period. n

“Customized eye-catchy eco-friendly bagasse tableware products made from sugarcane residual are becoming increasingly popular for use in institution, commercial, and household sectors. Besides this, growth in quick-service restaurants, mobile food vendors, online food ordering business, and catering services will create attractive prospects for the growth of the market,” says FMI analyst.

Continued Efforts of Manufacturers to Improve the Physical Attributes for Branding to Spur Demand for Bagasse Tableware Products

Bagasse tableware products are in the spotlight due to the rising trend of sustainable living practices. Eco-friendly bagasse tableware products are increasingly replacing products made out of non-biodegradable plastics.

Companies are focusing on introducing innovative and eye-catching designs with new textures and graphics (on-pack promotions) to influence customers to purchase natural, eco-friendly products. Bagasse tableware products are gaining momentum in green-minded cafeterias, the foodservice sector, quick delivery restaurants, and catering services.

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Offering personalized and specialized products according to the customer’s needs is a critical trend in the market. The manufacturers are thus focusing on customizing the product designs as per the consumers’ requirements.

The use of unique customized designs as a billboard space to showcase the logo, messages, and company taglines will enhance the market status of bagasse tableware product manufacturers who offer these services. Using environmentally friendly and sustainable products to improve and enhance the brand image is also a key aim for end users.

The manufacturers strive to improve the product quality by using cutting-edge technology to extend the shelf life and retain the quality and freshness of products for a longer time. They also target innovative product packaging, aesthetic appearance, and overall presentation to attract the customer’s attention. Therefore, to address the growing aspirations of target customers, the manufacturers are offering customized, distinctive, brand identity-based products, which will boost the bagasse tableware products market.

Bagasse Tableware Products Market Landscape

Pactiv Evergreen Inc., Dart Container Corporation, Duni AB, Genpak, LLC, Detpak (Detmold Group), Karat by Lollicup, Vegware US, Eco Products, Inc., Greenweimo, among others are the prominent players in the global bagasse tableware products market. The Tier 1 players in the market hold 25-30% in the global bagasse tableware products market.

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Bagasse Tableware Products Market by Category

By material type:

Plates
- Less than 8 inches
- 8 inches to 12 inches
- More than 12 inches
Bowls & Containers
- Less than 12 Oz
- 12 Oz to 16 Oz
- More than 16 Oz
Cups & Glasses
- Less than 6 Oz
- 6 Oz to 12 Oz
- More than 12 Oz
Trays & Clamshell
Cutlery (Spoons, etc.)

By application:

Food
- Fruits & Vegetables
- Processed Food
- Ready-to-eat meals
- Soups
- Others
Beverages
- Carbonated Beverages
- Non-carbonated Beverages
  - Tea & Coffee
  - Milk Products
  - Juices

By sales channel:

Indirect Sales
- Departmental & Discount Stores
- Hypermarket/Supermarket
- Specialty Stores
- Online Sales
Direct Sales

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Food Ultrasound Market by Global Demand, Trends, Applications, Sales, Industry Size and Forecast to 2030

The food ultrasound market is expected to expand steadily over the forecast period 2020-2030. The expansion is mainly driven by growing food safety concerns over mislabeling and food adulteration by several governments.

In the recent past, regulatory authorities such as the US FDA have enacted guidelines to strengthen food safety protocols. In 2016, it updated Food Safety Modernization Act (FSMA), outlining Preventative Controls for Human and Animal Food, Produce Safety and Foreign Supplier Verification Programs.

Food ultrasound technologies have especially acquired importance in the wake of the COVID-19 pandemic. Since its onset, the FDA has encouraged greater availability of advanced imaging systems, providing significant traction to food ultrasound systems.

“Strict government regulations to avert food adulteration and contamination, are offering growth prospects for several global and regional level manufacturer of the food ultrasound device.” concludes the FMI analyst.

COVID-19 Impact on the Market

COVID-19 inflicted economic disruptions have had a limited influence on the global sales of food. However, there was a substantial increment in demand for instant foods at the onset of the pandemic. A shift towards vegan diets is boosting the scope of testing for plant based foods. Thus, rising health awareness together with secure supply chains will bolster the growth of the food ultrasound market amid the crisis.

After emerging wiser from the 2008 financial meltdown, food processors have been highly cautious, prompting them to secure supply chains. This has enabled them to avoid acute shortages. Owing to this trend, the market for food ultrasound systems is expected to remain stable.

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Food Ultrasound Market – Key Highlights

The global food ultrasound market is likely to exceed US$ 160 million by 2030 end.
The Asia Pacific will come out as a lucrative region in the global market due to growing per capita food consumption.
Rising inclination towards high-intensity ultrasound detection to propel market growth.
Meat products remain majorly tested among food types over the forecast period.

Food Ultrasound Market – Drivers

Growing awareness about the quality of food products among customers is promoting the target market.
The advancement of ultrasound detection systems for the food sector to improve food ultrasound detection is complementing market growth.

Food Ultrasound Market – Restraints

Technological complications and lack of skilled workforce might impact the market growth
Strict food safety regulations are aspects that are hindering the growth of the market.

Competitive Landscape

The global food ultrasound market is characterized by the presence of numerous global level manufacturers. Prominent strategies adopted by them include technological innovations, partnerships, collaborations with research organizations and smaller players, acquisitions and new product launches.

In 2015, Hitachi High-Technologies Corporation collaborated with QIAGEN N.V., involving initiatives to deliver important advances in molecular testing. This collaboration aimed to develop new automation based PCR and NGS systems.

In a similar vein, Siemens Healthcare has launched the ACUSON X700^TMUltrasound System, comprising a 20” LED widescreen display, 180^oarticulating arm, one-touch image optimization and customizable measurements & presets.

In 2017, researchers at University of British Columbia developed a laser-equipped spectrometer, complete with statistical analysis to ascertain possible adulteration of ground beef samples, with 99% accuracy.

Fujifilm manufactures the Vevo MD ultra-high frequency machine series, equipped with a Power Doppler, which is capable of visualizing the minutest anatomy which a conventional ultrasound cannot achieve.

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Key Segments

Food Product:

Meat
Beverages
Fruits & Vegetables
Dairy
Bakery
Other Food Products

Frequency Range:

Low Intensity
High Intensity

Region:

North America (U.S & Canada)
Latin America (Brazil, Mexico, Argentina, Peru, Chile & Rest of LATAM)
Europe (Germany, Italy, France, U.K, Spain, BENELUX, Russia & Rest of Europe)
South Asia (India, Thailand, Indonesia, Malaysia, Singapore & Rest of South Asia)
East Asia (China, Japan & South Korea)
Oceania (Australia & New Zealand)
Middle East & Africa (GCC, South Africa, Turkey, Iran, Israel & Rest of MEA)

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Scenario Assessment of the Impact of COVID-19 on Food Ultrasound Market

4. Key Market Trends

4.1. Key Trends Impacting the Market

4.2. Product Innovation / Development Trends

5. Key Success Factors

5.1. Product Adoption / Usage Analysis

5.2. Product USPs / Features

5.3. Strategic Promotional Strategies

6. Market Background

to be continued…!

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