Desert Air Cooler Market 2022 Outlook, Current and Future Industry Landscape Analysis 2030

Surging construction in the residential sector and the rising demand for multi-functional appliances are creating lucrative growth prospects for desert air cooler market, finds Future Market Insights (FMI). Desert air coolers are energy efficient, they reduce carbon footprint, and are pollutant free. They also consume less electricity and therefore make for a cost efficient option.

Desert air coolers, also known as evaporative air coolers use the phenomenon of evaporation to reduce temperature in the surrounding area. Increasing technological advancements and rising disposable income are a few factors favoring the expansion of the market.

When compared to evaporative air coolers, traditional conditioners are far costlier in terms of maintenance and require higher energy. Evaporative air cooler especially the portable ones are currently enjoying the spotlight because they are easy to transport and offer greater convenience and efficiency.

Key Takeaways from Desert Air Cooler Market Report:

  • The desert air cooler market is expected to rise at a CAGR of 10.2% during the period of 2020-2030
  • The market is predicted to reach a value of US$ 2.9 Bn by the end of the forecast period
  • Favorable geographical conditions and willingness among consumers to spend on multi-functional appliances are favoring growth in East Asia and South Asia
  • The 50-60 Lt desert air coolers are gaining traction due to their greater lifecycle.
  • Evaporative air cooler residential models are in high demand and will continue being a top choice among consumers through the forecast period
  • Mini desert air coolers are popular in the market due to their convenient and suitable features.

COVID-19 Impact Analysis

The COVID-19 pandemic severely affected all sectors, including the desert air coolers market. Bans imposed on travel and transport had disrupted the sourcing of raw materials, bringing production to a halt. The implementation of lockdowns in several countries during the summer decreased sale of commercial air coolers.

Decline in sales caused the price of desert air cooler prices to increase. While the market hit a low in 2020, it is expected to recover and grow at a steady pace due to increasing concerns regarding the environment once the coronavirus passes.

Who Is Winning?

Key players in the market are now focusing on introducing intelligent technologies in commercial air coolers to increase their convenience. Artificial Intelligence is being incorporated to increase efficiency and improve energy conservation. The introduction of multifunctional air coolers have bode well for the market since they perform better than a cooler, a fan, or a humidifier.

Some of the key players in the market are Fujian Jinghui Environmental Technology Co. Ltd., Bajaj Electricals Ltd., Delta Cooling Tower Inc., Climate Technologies, Havells India Ltd., LG Electronics Inc., Orient Electric Limited, Samsung Group, Symphony Limited, Honeywell International Inc., GE Appliances, Aolan Industry Co. Ltd., Sharp Corporation and Koninklijke Philips N.V.

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Key Segments

Water Capacity

  • 30-40 Lt
  • 40-50 Lt
  • 50-60 Lt
  • 60-70 Lt
  • 70 Lt and Above

Application

  • Indoor
  • Outdoor

Sales Channel

  • Wholesalers/ Distributors
  • Hypermarkets/ Supermarkets
  • Specialty stores
  • Multi-Brand Stores
  • Independent Small Stores
  • Online Retailers
  • Other Sales Channel

End Use

  • Residential
  • Commercial
    • Enterprises/ Offices
    • Hotels/ Restaurants
    • Schools/ Universities
    • Retail
    • Others

Price

  • Premium
  • Mid-Range
  • Economy

Regional Outlook

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

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Heat-Resistant Ceramic Tableware Market 2022 Outlook, Current and Future Industry Landscape Analysis 2030

The demand for heat-resistant ceramic tableware is expected to reflect steady growth through the forecast period (2020 – 2030), despite a moderate slump from the covid-19 pandemic, states a new study conducted by Future Market Insights (FMI).

Improvements in terms of raw materials and efforts by manufacturers towards product differentiation through aesthetic factors are likely to be important factors driving the market, even as consumers seek alternatives to plastic tableware.

According to the study, the global heat-resistant ceramic tableware market surpassed US$ 22Bn in 2019 and is estimated to grow at 5.7% CAGR through the forecast period.

The market for heat-resistant ceramic tableware has benefited from advantages of resistance to chemicals and ease of cleaning, in comparison to other premium-priced tableware materials.

Also, heat-resistance treatments to ceramic products has improved adoption rates owing to higher longevity and wider scope of applications. The market has been witnessing increased penetration in developing economies in Asia and MEA regions, supported by low-cost production.

Although, premium range heat-resistant ceramic tableware provides better physical and chemical characteristics, economy and mid-range products witness higher adoption, owing to the substantial price differences between these products.

In addition, there is significant increase in opportunities and market potential with these trends with impetus being provided by demand for hand crafted, artisanal end products, providing new avenues for manufacturers to explore.

FMI’s report gives readers a detailed overview of the market, encompassing key market dynamics.

Key Takeaways

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

Covid-19 Impact on Heat-Resistant Ceramic Tableware Market

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

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

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

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Who is Winning?

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

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

For instance, The Moon Jar – designer tableware manufacturer has unveiled South Korean, heat-resistant ceramic tableware collections in partnership with leading designers Kim Seok Binn for consumers in Singapore. Revol has announced the release of its eco-friendly heat-resistant ceramic tableware for eco-based hospitality businesses, which is manufactured from recycled ceramic materials. Also, Oggetto has unveiled its latest addition of heat-resistant ceramic tableware manufactured with a hand turned process to enable unique aesthetics for every piece in these dinnerware sets.

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Key Segments

Product Type

  • Heat-resistant Ceramic Plates
  • Heat-resistant Ceramic Bowls
  • Heat-resistant Mugs & Jars
  • Others

Price Range

  • Economy/Mid-Range
  • Premium Range

End Use

  • Residential
  • Commercial

Sales Channel

  • Supermarkets/hypermarkets
  • Convenience Stores
  • Online Retailers
  • Multi-brand Stores
  • Specialty Stores
  • Wholesalers & Distributors
  • Others

Regional Outlook

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

Nutricosmetics Market 2022 Outlook, Current and Future Industry Landscape Analysis 2030

Nutricosmetics are expected to see a boost in the growth owing to innovative product launches according to a recent report published by Future Market Insights (FMI). These new launches are focusing on including the product in the diet of the consumers easier and more attractive than before.

The market is expected to grow at CAGR of above 8% by the end of forecast period 2020-2030 according to FMI.

Companies are coming together and getting into partnerships in order to provide innovative products which appeal to the consumer. Additionally, innovations in the functionality of the products is another key focus for manufacturers and consumers alike.

The role of nutrition is much clearer than before and people are becoming more aware of the products and its contents making an impact on their bodies. Thus more consumers are looking for products with nontoxic, natural and organic ingredients and scientific evidence to take care of their bodies.

For instance, a popular skin care brand by the name Ceramiracle has come up with an innovative approach for its products. The company owns a café which offers a variety of custom blended organic teas, rich in antioxidants and collagen boosting compounds.

Key Takeaways

  • Companies are focusing on premium products as penetration and accessibility is higher compared to mass products.
  • Physical channels of sales such as specialty stores, departmental stores, and other convenience stores for the highest value share in the nutricosmetics market.
  • Online sales are expected to expand at the highest CAGR during over the forecast period.
  • North America is expected to hold the largest value share in the global nutricosmetics market.
  • Demand for mid-range nutritcosmetics is forecast to be higher
  • While hair and nail care segment dominates in terms primary function, multi-functional nutricosmetics will surpass in the near future

COIVD-19 Impact

Recent outbreak of Covid 19 pandemic has disrupted life in more than one way. The lockdowns implemented by governments across the world to curb the spread of the disease further has impacted supply chains, production and every other aspect of business. It has brought challenges to the entire global business community.

Nutricosmetics industry is also impacted by the imposing of lockdown worldwide. Production is hampered as transport is disrupted resulting in lack of raw materials. Also, consumers are vary of spending on things that are not absolutely essential for survival.

As the things are getting back on track, the industry is expected to get back to normal within a short time.

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Who is winning?

Companies in the global nutricosmetics market are focusing on new product launches with innovative functionalities to appeal to the consumers. Also, in order to expand their footprint, companies are targeting regions in East and South Asia where the consumer is getting health conscious and also the disposable income is increasing.

For instance, single product with multiple benefits was launched by Amway when it came up with their protein powder. They marketed the product in such a way that it hit the multiple sections of consumers who were looking for weight loss, skin care, radiance and glow, weight management and many other benefits.

Some of the key players operating in the Nutricosmetics market are Pfizer Inc., Herbalife Nutrition Ltd., Amway Corporation, Phyto Botanical Power, Viviscal Limited, Everest NeoCell LLC, Amazing Nutrition, 21st Century HealthCare, Inc., Nature’s Bounty, Nutrawise health & beauty corporation, PureLogical International, Ivy Bears, Vitabiotics Ltd., MartiDerm, Shiseido Co. Ltd., H&H Group, Origo Cosmecuticals Pvt. Ltd., and among others.

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Nutricosmetics Market Segmentation

By Product Type

  • Supplements
    • Tablets
    • Capsules
    • Powder
    • Liquid
  • Beauty Beverages/Drinks

By Primary Function

  • Skin Care
  • Sun Care
  • Anti-Aging
  • Radiance & Glow
  • Anti-acne/ pimple
  • Hair & Nail Care
  • Weight Management
  • Multi-Functional

By Price Range

  • Economy
  • Mid-Range
  • Premium

By Distribution Channel

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Direct Selling
  • Departmental Stores
  • E-Commerce
  • Other Retail Formats

By Region

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

Oil and Gas Hose Assemblies Market 2022 Outlook, Current and Future Industry Landscape Analysis 2030

Oil and gas hose is an important product used in a variety of industries due to its application in processes such as exploration, well development, production and site abandonment. It integrates upstream, midstream and downstream applications for the successful transfer of materials from the area of production to the place of consumption.

The increasing investments in oil and gas projects is contributing to the growth of oil and gas hose assemblies market. According to the Future Market Insights (FMI) analysis, the global market for oil and gas hose assemblies is projected to expand at a value of 4.3% CAGR by 2030.

Key Takeaways from the Global Oil and Gas Hose Assemblies Market Report

  • The global oil and gas hose assemblies market is expected to reach a value of US$ 1,124.2 Mn in 2020
  • The increasing prices of steel crude oil and natural gas will have a massive effect on the oil and gas hose assemblies market, especially in the U.S.
  • East Asia is expected to record maximum growth during the forecast period due to increased undertakings of oil and gas offshore projects.

Manufacturers Focusing on Offering High Performance Oil and Gas Hose Assemblies

Requirement of durable, lightweight, low maintenance and high performance oil and gas hose assemblies and growth in the oil and gas industry, are key factors driving the market. Manufacturers are focusing on improving the quality of the product. They are investing to enhance physical properties such as anti-corrosive nature and pressure endurance of oil and gas hose assemblies without compromising on maintenance frequency and cost of operation.

Some of them are even integrating smart technologies in the hose assemblies to enable remote and predictive detection of the assemblies from issues such as leak detection and hose rupture. East Asia is anticipated to dominate the market in terms of region, and in terms of product types in specifically drilling mud hose assemblies for its excessive usage in onshore/offshore upstream applications. The surging growth of subsea oil explorations is the major driver amongst others and collaborations in research will provide a higher return on investment.

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Covid-19 Impact Analysis

The Covid-19 pandemic has critically affected a lot of different industries, including the oil and gas hose assemblies market. The lockdown has led to shutdowns of all plants and activities, reducing sales in the market. The market is expected to incur a -7.2% decline in value in 2020.

According to the market analysis, the global market for oil and gas hose assemblies will bounce back in 2021, growing until the next 5 years and then flowing at a steady pace until the end of the forecast period.

Who is Winning?

The global oil and gas hose assemblies market is extremely competitive, with major players focusing on expanding the market by investing in manufacturing facilities. Some of the key players in the market are Gates Corporation, Manuli Hydraulics, Eaton Corporation Plc, Continental AG, Trelleborg AB, ERIKS North America, Inc. and many others.

With recent reports of accidents, the manufacturers are focusing on the creation of safer hoses and processing operations. They are working on developing smart and technologically forward hose assemblies which can provide predictive maintenance in case of leak detection. This reduces maintenance costs and downtime.

Key Segments

Product Type

  • Dock LoadingHose Assemblies
  • Dump HoseAssemblies
  • FPSO WaterUptake Hoses
  • Jumper HoseAssemblies
  • Bunkering HoseAssemblies
  • Drilling MudHose Assemblies
  • Frac HoseAssemblies
  • Other CustomHose Assemblies

Material Type

  • Rubber
  • Polymers & Composites
  • Metal

Application Type

  • Downstream
  • Midstream
  • Upstream

Pressure Intake

  • Low Pressure
  • Medium Pressure
  • High Pressure

Regional Outlook

  • North America – U.S., Canada
  • Latin America – Brazil, Mexico, and rest of Latin America
  • Europe – Germany, France, Italy, UK, Spain, Russia, and rest of Europe
  • South Asia and Pacific – India, ASEAN, Australia and New Zealand and rest of South Asia and Pacific
  • East Asia – China, Japan, South Korea
  • Middle East & Africa – GCC counties, North Africa, South Africa, Turkey and the rest of Middle East And Africa
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Green Ammonia Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032

According to a recent green ammonia market report by Future Market Insights (FMI), the green ammonia market is anticipated to advance at a phenomenal rate of 90% over the forecast period 2022-2032. At the regional level, the green ammonia market share has a small number of manufacturers.

The study on green ammonia market finds that the solar and wind energy have advanced at a higher pace than other renewable energy, thanks to rising investment and reduced power generation costs. The switch to renewables, productivity, and automation, and per the Global Renewables Outlook 2020, will drive socioeconomic development. As a consequence, rising green ammonia production and underlying storage requirements will push the green ammonia market forward.

The capital-intensive nature of green ammonia plants is a major hindrance to the market’s advancement. General ammonia manufacturers will not be able to move from traditional ammonia production to green ammonia production unless the cost of renewable energy and electrolyzers drops further, hampering green ammonia market growth.

The marine industry is undergoing a major transformation. The maritime industry is under pressure to reduce emissions by switching to cleaner energy sources, which is likely to be a pathway for green ammonia producers to capture more revenue.

The green ammonia market is segmented on the basis of technology into alkaline water electrolysis, proton exchange membrane, and solid oxide electrolysis. Amongst these green ammonia technology segments, the solid oxide electrolysis segment is anticipated to hold the largest market revenue of USD 496.38 Mn by the end of 2028, up from USD 7.89 Mn in 2019.

The main problem with the adoption of green ammonia is a lack of awareness among chemical manufacturers. For the green ammonia production process, the largest chemical companies in China, Japan, and Russia continue to use natural gas steam methanation technology. With increased knowledge of electrolysis technology and lower costs of renewable energy generation, the market for green ammonia is likely to rise throughout the forecast period.

“The secret to meeting the dual concerns of growth and environment-friendliness of the twenty-first century is green ammonia. By switching to renewable electricity to make ammonia, CO2 emission of about 40 million tonnes of CO2 can be curbed in Europe alone and over 360 million tonnes worldwide. As a result, the green ammonia market prospect is high and lucrative.”, says FMI analyst.

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KEY TAKEWAYS:

  • By the end of 2028, the European green ammonia market is expected to have the largest market share and generate revenue of US$ 558.03 million, up from US$ 7.49 million in 2019, thanks to an estimated CAGR of 65.37% over the forecast period.
  • The Netherlands is likely to have the largest market revenue of US$ 227.12 million in 2028, while Germany’s market is expected to grow at the fastest rate of 86.35% over the forecast period.
  • In 2028, Asia Pacific is expected to hold the second-largest market share, with revenue potential of US$ 190.69 million.
  • As per the green ammonia market trends during the forecast period, the alkaline water electrolysis segment in the Netherlands is expected to grow at the highest rate of 57.2%.
  • In Europe, the solid oxide electrolysis segment is expected to generate the most revenue in 2028, with US$ 323.67 million, up from US$ 4.51 million in 2019.

Competitive Landscape:

Several globally established green ammonia companies, including Siemens (Germany), NEL Hydrogen (Norway), ThyssenKrupp (Germany), ITM Power (UK), and McPhy Energy (France), lead the green ammonia market.

  • MAN Energy Solutions, a mechanical engineering firm, announced plans to build an ammonia-fueled two-stroke engine for the marine industry in late 2019, and is in talks with Siemens for green ammonia supply.
  • Equinor ASA, Norway’s state-owned oil firm, inked a deal with Eidesvik Offshore in January 2020 to modify its Viking Energy supply vessel so that it may travel long distances using carbon-free renewable ammonia.

MISC Berhad of Malaysia, Samsung Heavy Industries of South Korea, Lloyd’s Register of the United Kingdom, and MAN Energy Solutions of Germany announced a project to build an ammonia-fueled tanker in the next three to four years in January 2020.

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Scented Candles Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032

According to a recent report by Future Market Insights (FMI), the global scented candles market is expected to surpass a valuation of US$ 3.6 Bn in 2022, with sale growing at a 4.1% CAGR through 2032.

To improve sales, manufacturers are introducing limited edition fragrances and seasonal scents. For instance, DIPTYQUE is offering a set of 5 limited edition scented candles. These candles are further being marketed as gifting solutions.

Besides average size candles, players are offering miniature limited-edition candles, which are being adopted at ideal gifting solutions. Some scents that are being promoted as limited editions include berries, roses, pine tree, jasmine, musk, fig tree, wood fire, and mimosa.

Besides this, with evolving consumer preferences, personalization is gaining a center stage in the market. In response to this, companies are enabling consumers to customize and personalize their candles by letting them choose the scenets and allowing them to add messages and notes. Such developments are expected to create opportunities for growth in the market.

Besides scents, companies are focusing on enhancing their packaging designs as the visual appeal of the product plays a major role in shaping consumer preferences. Leather bag inspired box, print box packaging, and eco-friendly sustainable packaging are some packaging options offered by the manufacturers.

2018-2021 Scented Candles Historic Outlook in Comparison to 2022-2032 Forecast

Demand for scented candles is forecast to surge at s steady 4.1% CAGR, in comparison with the 3.9% CAGR registered between 2017 and 2021.

Scented candles are being used by individuals for festivities and recreational purposes.  Growing focus on home décor among millennials is compelling them to explore home fragrance product options.

Besides this, the increasing acceptance of scented candles as gifting solutions is spurring demand in the market. Driven by this, manufacturers are launching gifting bundles that include scented candles in different shapes and fragrances. This trend is expected to bode well for the market in the forthcoming years.

To keep up with the growing demand, players are focusing on incorporating the best ingredients and distinctive true-to-life scents that are made with premium-grade paraffin wax and soy wax blends.

The players are also undertaking efforts to provide consumers with their preference of fragrance, functionality, burn time that better fits their space and requirements. Such developments are expected to continue driving sales of sceneted candles over the forecast period, opines FMI.

scented candles market

“Scented candles are being promoted as décor accents for homes as they provde ambient light and a luxurious visuals. Many of the scented candles are also being promoted as anxiety and stress reducer fragrances. Such developments are expected to augment the growth of the market through 2032,” says an FMI analyst. 

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Key Takeaways:

  • In terms of product type, container-based candles are expected to dominate the market.
  • Based on the shape, sales of round scented candles will grow at a 3.4% CAGR.
  • Demand for multi wick candles will increase at a 5.2% CAGR through 2032.
  • Sales through online channels are projected to grow at a healthy 6.9% CAGR over the assessment period.
  • The U.S. will continue dominating the North America scented candles market, driven by high demand for limited edition candles.
  • Sales in the U.K. scented candles market will increase at a 3% CAGR over the forecast period.
  • India will emerge as a lucrative market, with sales projected to increase at a 2.9% CAGR over the assessment period.

Competition Landscape

Leading players operating in the global scented candles market are investing in promotional strategies, advertisements, and new product launches with limited edition scents to gain a competetitve edge in the market.

Key players operating in the market profiled by FMI include Newell Brands, MVP Group International, Estee Lauder Companies, NEST New York, Thymes, LLC.,L Brands, Portmeiron Group Plc., The Yankee Candle Co. Inc., The White Barn Candle Co.,Village Candles, Bridgewater Candles.,etc.

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Custom T-Shirt Printing Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032

According to a recent report by Future Market Insights (FMI), the global custom t-shirt printing market is expected to surpass US$ 9,009.3 Mn, exhibiting a CAGR of over 9.7% through 2032.

Customized t-shirts are gaining immense popularity among younger generation. Growing trend of wearing graphic, pre-printed t-shirts with movie logos and slogans is propelling the sales in custom t-shirt printing market.

Popularity of customised t-shirts among the young is attributable to availability of a wide range of colour, pattern, garment, words or images printed on the shirts. As a result, sales of pre-printed and creative graphic t-shirts are increasing.

Subsequently, availability of trendy, fashionable, stylish, and unique customized t-shirts which reflects individual personalities is also favouring the growth. In addition to this, cost-effective prices of these t-shirts, especially across emerging economies, will also accelerate the sales in the market.

Moreover, the use of custom printed t-shirts to raise social awareness, raise a voice, and support a cause is on the rise. Furthermore, customers in industries such as hospitality, logistics, construction, industrial, and medical, are increasingly providing custom printed t-shirts to their employees as a marketing tool.

Growing influence of bloggers, promotional strategies, and improved standard of living are also driving the demand for custom printed t-shirts in the market.

2017-2021 Global Custom T-Shirt Printing Market Outlook Compared to 2022-2032 Forecast

Future Market Insights (FMI) estimates the global custom t-shirt printing market to witness staggering growth over the forthcoming decade of 2022 to 2032. T-shirt manufacturing companies are increasingly using custom designed t-shirts as a modern branding strategy for branding.

Companies, especially start-ups, are using this technique to increase their brand visibility and woo the potential customers. Additionally, growing use of customized t-shirts as a branding tool is expected to boost the market.

Besides this, rising inclination in fashion industry towards customized clothing coupled with growing disposable income is enabling them to spend on customized products. This is resulting in high demand for customized t-shirts with slogans and logos printed on them.

Backed by these aforementioned factors, the global custom t-shirt printing market is expected to increase by 2.5X, surpassing 508,487 units by the end of 2032.

custom t shirt printing market

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Key Takeaways from the Custom T-Shirt Printing Market Study

  • In terms of technique, screen printing segment is expected to hold over 52.1% of market share in 2021.
  • The U.S. custom t-shirt printing market will contribute over 78.9% of share in North America.
  • Based on design, the artwork segment is expected to register a CAGR of 12.5% from 2022 to 2032.
  • India is expected to spearhead the growth in South Asia custom t-shirt printing market, with sales increasing at 16.6% CAGR through 2022 & beyond.
  • Sales in Japan custom t-shirt printing market are expected to rise at over 15.0% CAGR over the forecast period.

“Increasing preferences towards customized, fashionable and unique clothing along with the rising income within young population, are major factors driving demand for custom t-shirts worldwide.” says an FMI analyst.

Who is winning?

Leading manufacturers of custom t-shirt printing are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of custom t-shirt printing globally.

Major players present in the custom t-shirt printing market are CafePress Inc., Custom Ink, LLC., CustomThread, Printful Inc., RushOrderTees.com, Spreadshirt, THEBLUEGECKOPRINTING, THREADBIRD, UberPrints, Inc., Vistaprint, Blue Gecko (UK) Ltd, POLOS INC, Teetalkies, INSTANT IMPRINTS, Rogue Star, Sharprint, Kornit Digital, Carhartt, Inc., and Nike, Inc among others.

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Gas Turbine Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032

As per a recent gas turbine market analysis by Future Market Insights (FMI), the global market was valued at over US$ 19 Bn in 2021 and is projected to expand at a modest CAGR of 4% over the forecast period. The steady requirement of efficient power generation technology in developed countries and flourishing industrial sector in developing economies remain the major drivers of the gas turbine market.

Emerging gas turbine markets such as China and India provide various untapped and undiscovered prospects for the market to expand.

Competitive advantage of gas turbines is high over other distributed generation technologies for backup power and onsite generation because of their better efficiency and stable generation capacity. As a result, the rise of distributed power generation represents a significant gas turbine market opportunity.

The rise in the global awareness of environmental health is also heavily influencing a paradigm shift in the conventional coal-powered plant industry. The stringent government regulations regarding the greenhouse emissions further have further incentivized the use of gas turbine systems.

The volatility of natural gas prices restricts the growth of the industry. The erratic nature of transnational factors establishes an uncertainty about the demand for gas turbines.

Despite the restraints, the gas turbine market is expected to reach a valuation of US$ 23 Bn by 2026.

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Key Takeaways

  • Based on sector, the electric power sector utility segment dominated the market with a 76% share in 2021. It is followed by oil and gas sector due the rise in exploration activities.
  • The Asia Pacific gas turbine market is predicted to be driven by economic expansion, development and carbon dioxide emission regulations.
  • As per design type, the heavy segment accounts for the major part of the market. Aeroderivative gas turbines are lighter, easier to install, and start up faster which makes aeroderivative the fastest-growing segment.
  • The 150-300 MW segment is dominating the market share when categorized as per capacity. The 300+ MW market is steadily rising, owing to recent shift in gas turbine market trends.
  • The power and utilities segment had the highest revenue share of almost 85% in 2020, and it is expected to rise at the highest CAGR during the forecast period.
  • Due to rapid industrialization, Asia Pacific emerged as the largest regional market and accounted for the maximum revenue share of over 31% in 2020.
  • Global natural gas consumption was reported to be 3822.8 billion cubic meters in 2020, according to the BP statistical analysis of world energy 2021, a decrease of roughly 81.1 billion cubic meters from 2019. It could be the direct result of lockdowns and the impact of COVID-19 on the gas turbine market.
  • Coal-fired power generation dominates the Indian power sector, accounting for 61.3 percent of total installed capacity in June 2021. For decarbonization and meeting the Paris Agreement’s commitments, the country possesses enormous renewable energy and gas-based power generation potential.

“The cultural change from coal-based power generation to gas-based power generation in advanced and emerging countries such as the United States, Japan, China, and India, as well as supportive government policies for the construction of gas-based power plants, are the major factors influencing the industry’s development.” as reported by FMI’s lead analyst.

Competitive Landscape

The gas turbine market is consolidated with a few major players controlling a major share of the market. The potential of gas turbine market growth remains high with the heavy influence of competitive environment.

  • Ansaldo Energia and Shanghai Electric Group’s consortium signed a deal with Bangladesh Power Development Board Company named North-West Power Generation Company Ltd in June 2020. The collaboration is projected to develop and construct an 880 MW combined cycle power plant in Bangladesh under this deal, allowing the enterprises to expand their scale of operation.
  • In another recent development, in August 2020, General Electric has placed an order for an 858 MW CCGT power plant to supply the Zainskaya State District Power Plant with its 9HA.02 gas turbine and supporting equipment.

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Wine Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032

As per Future Market Insights, the global demand for wine is expected to increase at over 5.1% CAGR, surpassing US$ 846.3 Bn between 2022 and 2032. Growth in the market is attributable to increasing consumption of red wine due to its varied health benefits.

According to the World Health Organization (WHO), more people die each year from cardiovascular disease (CVD).  As per the WHO, red wine have several health benefits such as weight loss, low blood sugar levels and others. Hence, wine is being promoted as a healthy beverage.

Sales of organic wine are expected to remain high during the projected period. Growing trend for organic products due to increasing health awareness is also favoring the growth in the market. Hence, demand for organic wine from the retail and restaurant is expected to increase at a robust pace overt the forecast period.

Consumption of organic wine is rapidly expanding, especially in Germany and France, according to Future Market Insights. Also, advent of sustainable winemaking processes has encouraged the sales of organic wines.

2017-2021 Global Wine Market Outlook Compared to 2022-2032 Growth Forecast

As per Future Market Insights (FMI), the overall demand for wine is expected to reach a shipment of nearly 999.6 billion tons through 2022. Growing popularity of wine among all age group, from young to old, is a key factor driving the market.

Rising disposable income and improving lifestyle across the globe are resulting in improved lifestyle choices. Hence, consumption of high-quality wine is increasing the demand for coastal wine.

Availability of a wide range of wine products, coupled with increasing penetration of social media is improving the demand for white and red wine. This is expected to aid the growth in the global wine market.

Additionally, growing focus on innovative work has fostered improvements in wine mixtures by exploring new avenues for fresh flavors. This is boosting the wine industry’s share of the coastal market.

Subsequently, the distribution of several wine items has resulted in the growth of maturing interaction and incorporation of varied elements in wine production. As a result, sales of wine are expected to soar across the globe.

wine markett

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Key Takeaways from the Wine Market Study

  • In terms of type, the sparkling wine segment will dominate the market, registering growth at 8.5% CAGR between 2022 and 2032.
  • In terms of price range, US$ 10- US$ 15 held over 39.1% of market share in the global wine market
  • The U.S. held more than 67.6% of market share in North America in 2021 owing to the upsurge in the number of bars and restaurants in recent years.
  • Italy wine market is expected to exhibit growth at a CAGR of 4.3% for due to the easy availability of grapes for wine production.

“Improving lifestyle, increasing penetration of online sales channel and the internet, and growing consumption of red wine for recreational purposes are some of the factors driving the sales of wine across the globe,” says an FMI analyst.

Who is winning?

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

Major players present in the wine market are The Wine Group, John Distilleries, International Beverage Holdings, Halewood Wines International, Sula Vineyards Pvt. Ltd., Asahi Group Holdings, Ltd., Beijing Yanjing Beer Group Corporation, Castel Frères, Accolade Wines, Constellation Brands, Treasury Wine Estates (TWE), Pernod Ricard, and E. & J. Gallo Winery among others.

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Herbal Beauty Products Market 2022 Outlook, Current and Future Industry Landscape Analysis 2031

Future Market Insights (FMI) delivers exclusive insights into the global herbal beauty products market in its latest study. In terms of value, the global herbal beauty products market is expected to expand at a CAGR of 6.1% during the forecast period.

The inclination of consumers towards a healthy lifestyle and the increasing demand for herbal beauty products are expected to drive the market over the forecast period. Also, the trend of veganism among the millennials will encourage them to shift towards green beauty products. This trend will continue fueling the demand for herbal beauty products.

Furthermore, the adoption of beauty and grooming products due to popular media portrayal of lumbersexuals and metrosexuals is expected to drive the growth of herbal beauty products. Additionally, changing attitudes of men towards body care and beauty products and their benefits have led players to develop novel products, specifically for men.

For instance,  Kama Ayurveda an Indian based beauty company offers a wide range of natural and herbal men’s products specially made for the new age man who works hard to d groom and maintains their skin.

Increasing focus on advancements in herbal beauty products and customer-centric approaches are expected to influence players to adopt unique marketing strategies and develop novel products which in turn, is expected to drive the herbal beauty products market.

How Will Robotic Vacuum Cleaners Market Fare in 2021-2031 in Comparison to Sales Registered in 2016-2020?

Demand for robotic vacuum cleaners grew at 5.6% CAGR between 2016 and 2020. The outbreak of the novel COVID-19 dampened sales prospects due to restrictions in movement and disruptions in supply chain.

Robotic vacuum cleaners, often known as robovacs, are largely utilized in the home and business sectors to clean floors, pools, and gutters.  A cleaning system, programming software, batteries, and other supplies are all included in the units of robotic vacuum cleaners.

They also have a variety of new features, including as smartphone connectivity, laser vision, room mapping, and self-charging, to make users’ lives easier. The market for robotic vacuum cleaners is projected to be driven by such product offerings.

Considering this, FMI has estimated that robotic vacuum cleaners market represented 1% to 3% of overall sales in the cleaning appliances market in 2020.

robotic vacuum cleaners market characteristics and attributes with regional relevence 2021

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Key Takeaways from the Herbal Beauty Products Market Study

  • Based on consumer orientation, the global herbal beauty products market is segmented into adults and kids. The adult segment is estimated to account for the largest share by 2021 end.
  • China will emerge as a highly lucrative market for herbal beauty products in East Asia.
  • The U.S. will record the highest sales of herbal beauty products in North America.
  • Backed by presence of a well-established beauty industry, the sales of herbal beauty products will pick up pace in the I.K.
  • Supermarkets are expected to remain the preferred distribution channel for herbal beauty products. However, the sales via online platforms are expected to catch up soon.

 “Players currently operating in the market are focusing on innovations to expand their portolfio. Some are even targeting specific skin problems to carve a niche amidst soaring competition. Meanwhile, leading brands are expanding their availability across e-commerce platforms to gain competitive edge, said a FMI analyst.

Impact of COVID-19 Outbreak on the Herbal Beauty Products Market

The outbreak of the novel coronavirus pandemic has changed the face of the herbal beauty products market and has impacted the buying habits of customers. While disruptions in supply chain dampened sales, studies suggest more people gave some time to personal and skincare as they remained indoors during extended period of lockdown.

An increasing number of consumers utilized their time looking for home remedies on social media platforms like YouTube and Instagram to nurture their skin. Focus on beauty consistently rose. Consequently, restrictions were lifted, sales in the herbal beauty products market recovered.

Who is Winning?

A few key players in the herbal beauty products market are Surya Brasil Organic Beauty Products, Weleda AG, INIKA, Lotus Herbals Limited, Bio Veda Action Research Co. (Biotique), Guangzhou, Liwei Cosmetics Co Ltd., Dr. Hauschka, VLCC Healthcare Ltd., Hemas Holdings PLC, Herb labo Co. Ltd, The Himalaya Drug Company, Shahnaz Ayurveda Pvt. Ltd, GROWN ALCHEMIST, Shenzhen Panni E-Business Co. Ltd., and Arbonne International LLC among others.

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