Robotic Vacuum Cleaners Market Research Report 2022 – Global Forecast till 2031

According to a recent study by Future Market Insights (FMI), robotic vacuum cleaners market is expected to surpass a valuation of US$ 3.5 Bn in 2021. It is also expected to exhibit a CAGR of over 14.5% through 2031.

In the last few years, vacuum cleaner technology has advanced significantly. Because of their ability to clean an area without requiring human participation, robotic vacuum cleaners sales are surging at a high pace.

Additional features of robotic vacuum cleaners include rotating brushes, mopping, and UV sterilization. Some are designed to efficiently perform cleaning chores of household. To offer greater efficiency and high performance, manufacturers are integrating robotic vacuum cleaners with security cameras, intercom systems, and other functions.

Robotic vacuum cleaners are a result of technological advancements enabled by artificial intelligence (AI) and the internet of things (IoT). They can be programmed and operated remotely to execute their cleaning tasks and they are clever enough to do it with minimal human intervention. With their advanced technologies, robots are playing an increasingly essential role in modern society, making human life easier and more comfortable.

Market players are concentrating on producing more technologically advanced robotic vacuum cleaners using cutting-edge technology such as artificial intelligence (AI) (Artificial intelligence). Samsung Electronics, for example, released an AI robot vacuum cleaner in 2021 that has improved object identification and operation performance due to artificial intelligence (AI) technology.

The BESPOKE Jetbot AI is a smart robot vacuum cleaner designed to clean itself and empty its dust bin. It is the world’s first robot cleaner to be equipped with Intel’s artificial intelligence (AI) solution (Intel Movidius), which enables the robot cleaner to reason independently like humans.

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 Robotic Vacuum Cleaners Market Study

  • In terms of robot type, the in-house robot segment is projected to account for 75.9% of the total robotic vacuum cleaners market share in 2021.
  • In terms of mode of charging, auto battery charging type accounts for 70.9% of the total robotic vacuum cleaners market share in 2021.
  • The US is a key market in North America, accounting for 91.5% of robotic vacuum cleaners sales in the region in 2021.
  • The U.K. will emerge as a highly lucrative market within Europe, exhibiting 7.5% CAGR.

“Customers from diverse sectors are increasingly turning to automated products to save time and energy. Within the household sector, the demand for smart home technology is on the rise. This has created ample prospects for the expansion of the robotic vacuum cleaners market,” says an FMI analyst.

Impact of COVID-19 on the Market

The COVID-19 outbreak had a wide-ranging impact, including the closure of all non-essential businesses and retailers, leading to a loss of corporate confidence, heightened public worry, and future uncertainty. It has spread indiscriminately over the world, resulting in a hazardous indoor atmosphere. The production rate of these vacuum cleaners had fallen dramatically all over the world as a result of the sudden shutdown of manufacturing factories. Restrictions imposed hampered sales as well as international export and import.

Furthermore, the COVID-19 created new opportunities for robotic vacuum cleaner manufacturers. Due to the need for cleanliness and hygiene in homes and business spaces, industry players saw higher sales of robot vacuums beginning at the second quarter of 2020. Consumers bought robotic vacuum cleaners to keep the virus from spreading in their homes.

Additionally, according to International Federation of Robotics sales value for robots has increased by 32% to USD 11.2 billion and the recent Covid-19 pandemic is further expected to boost the market.

Who is winning?

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

Major players present in the robotic vacuum cleaners market are iRobot Corporation, LG Electronics, Robert Bosch GmbH, Samsung Corporation, Dyson Ltd., Panasonic Corporation, Xiaomi, ECOVACS, Proscenic, Neato Robotics, Inc., Yujin Robot, Co., Ltd., Hayward Industries, Inc., Pentair plc, Milagrow Business & Knowledge Solutions (Pvt.) Limited. Koninklijke Philips N. V, among others.

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Air Purifier Market 2022 Outlook, Current and Future Industry Landscape Analysis 2031

According to a recent report by Future Market Insights (FMI), air purifier market is expected to surpass a valuation of US$ 10 Bn in 2021. It is expected to grow at a CAGR of approximately 11.3% through 2031.

Since the last decade, the use of membrane technology in air purifiers has increased dramatically. In order to receive excellent air filtration, membrane filters are created using a combined electrospinning/netting approach with a receiving substrate design. The effectiveness and pressure drop of air purifiers made using ePTFE and UPE membranes are remarkable.

People are becoming more aware about their health and fitness as a result of increasing health awareness. The impact of air pollution in causing respiratory disorders, such as acute respiratory infections and chronic obstructive pulmonary disease, is well established. Because industrialization, urbanization, and contemporary lifestyles cannot be compromised on, strategies to reduce emissions and reverse the problem of poor air quality are gaining traction. Air purifiers are proving to be the most promising solution for addressing poor air quality.

The air purifier market has seen a lot of claims made by manufacturers in order to promote their brand and level up the competition. As a matter of fact, consumer purchase patterns are often influenced by company claims.

Producers and brand owners have focusing on improving efficiency and efficacy of their products to woo increasing number of consumers. LG, for example, stated that in 2020, it will produce a one-of-a-kind cover for the PuriCare Wearable Air Purifier that will use the company’s UVnano sterilisation technology to kill 99.99 percent of germs in under 30 minutes using UV-C LED rays.

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Key Takeaways from the Air Purifier Market Study

  • In terms of technology, HEPA filters account for a major share in the air purifier market. Demand in this category is expected to grow at a CAGR of 4.3% in 2020.
  • Leading companies in the air purifier market will cover nearly 42% of sales.
  • The U.S. will account for maximum demand in North America, sealing its dominance in the global market.
  • Demand in the U.K. will grow at an impressive pace, pushing overall growth in the Europe market.

“As competition continues soaring, market players are likely to focus on making air purifiers smarter. They are integration concepts of artificial intelligence to enable improve machine-human interaction,” says an FMI analyst.

Impact of COVID-19 on the Market

The current pandemic outbreak has created numerous challenges on the part of supply side and demand side. The temporary restrictions imposed by regional governments on the movement have impacted supply chains drastically. Besides this, the shift from discretionary spending to essential goods has further negatively impacted the market growth.

On the flip side, the change in consumer buying habits has encouraged a shift from store based retailing to online retailing, facilitating a wider market reach. This is expected to aid in the global market recovery.

Who is Winning?

Leading manufacturers of air purifier are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales growth of air purifier globally.

Major players present in the air purifier market are Koninklijke Philips N. V, LG Electronics Inc., Xiaomi Corporation, Afpro Filters B.V., Dyson Ltd., Godrej Appliances, Condair Group AG, Daikin Industries, Ltd., Honeywell International Inc., Whirlpool Corporation, Japan Air Filter Malaysia Sdn. Bhd., Hitachi Limited, Dyson Technology Ltd, and Panasonic Corporation among others.

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North America Electrical Testing Services Market 2022 Outlook, Current and Future Industry Landscape Analysis 2031

North America electrical testing services market will total US$ 1.85 Bn in 2021, with a stable long-term projection, according to latest insights from Future Market Insights, an ESOMAR-certified research and consulting firm.

The report has forecast the North America electrical testing services market to grow at nearly 5.9% during 2021-2031. Due to the economic impact of COVID-19, demand for electrical testing services decreased in 2020. With various end-use sectors already resuming daily operations, scope for sales of electrical testing services will grow in North America.

Because of the high pace of population expansion and urbanization in the United States and Canada, the power generation and transmission industries are expected to increase steadily. Rapid growth in the residential sector in urban as well as semi-urban areas in this region will contribute significantly to the market growth.

Key Takeaways of North America Electrical Testing Services Market Study

  • The U.S. will lead the North America electrical testing services market, accounting for over half of sales through 2031.
  • The demand for electrical testing services in Canada will grow by 6.1% CAGR between 2021 and 2031.
  • During the projected period, transformer testing and circuit breaker testing segments are expected to lead in terms of market share and growth rate. Because of their simple operational versatility and high load capabilities, the category is predicted to account for nearly half of the market value share through the forecast period.
  • The increasing demand for rotating equipment vibration testing and motors/generators testing will continue driving growth in the market.

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Competitive Landscape

The market is moderately consolidated, with key players accounting for more than half of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in the market are Schneider Electric, Siemens AG, Eaton Corporation plc, General Electric Company, ABB Inc., Power Products & Solutions, American Electrical Testing, Haugland Group LLC, Dekra, TCS Electrical Co., Phase One Electric, Intran, GEM Electrical Services and Electric Power Systems.

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Termite Bait Products Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2031

According to a recent report by Future Market Insights (FMI), the termite bait products market is expected to surpass a valuation of US$ 2.39 Bn at a CAGR of over 5.5% through 2031.

Evolving technology has helped players to diversify their product offerings and provide customized solutions to various industries.

At present, awareness regarding termite bait products is inadequate, which is majorly affecting the growth of the market. However, various companies are collaborating in order to spread awareness about the products available.

For instance in 2021, Insect Science released new videos on product explanation and demonstration on their YouTube channel. The videos contained detailed explanation on how does the product work and the correct way to install them in order to achieve success.

Moreover, with time and study, companies are launching diversified product range that are focused upon a particular type of termite and their behaviour. For instance, in 2017, Termites DIY Baiting System Malaysia launched their new series of product, the 2nd Edition-Moisturized White Bait that is likely to eliminate the entire colony of termites and provide with a long-term solution.

Rise in demand in the construction industry and introduction of products that have high strength and are available at affordable cost will drive the termite bait products market.

Key Takeaways from the Termite Bait Products Market Study

  • In terms of bait system, demand for on ground bait systems is expected to grow at a CAGR of over 11.3% during the forecast period from 2021 to 2031.
  • Subterranean termites are expected to account for over 40% of sales in the market on the basis of termite type.
  • Surging application in agricultural land and crops and building infrastructure will drive sales in the termite bait products market.
  • The U.S. is expected to account for over 82% of sales in North America market by 2031.
  • Italy will account for maximum sales of termite bait products in Europe.

 “Leading companies are actively engaging in promoting and launching new products. To create awareness about termite bait products and expand their global, the market players are focusing on strategic collaborations,” says an FMI analyst.

Impact of COVID-19 on the Market

The sudden COVID-19 outbreak had completely shut down the activities, affecting the economy of all markets. It also negatively affected the sales of termite bait products. Moreover, the temporary pause of trading between developed and developing countries led shortage of material for production thus, affecting the production capacity.

However, with the growing concerns regarding personal health and rising demand for safe environment, the sales of termite bait products has picked up. The demand for products containing organic ingredients is expected to increase at a higher rate.

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Who is Winning?

Leading manufacturers of termite bait products are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales globally.

Major players present in the termite bait products market are BASF, Bayer, Decke Global, Dow, Earth Corporation, Ensystex, Exterminex, Exterra, Green Termite Bait Systems, PCT International, Pestman Co. Ltd., Shenzhen Golden Cat Environmental Technology Co., Ltd, Shouxin, Spectrum Brands, Inc., Sumitomo Chemicals Co., Ltd, Syngenta, Terminix, Termites DIY, and TrapAll among others.

Market by Category

By Bait System:

  • On Ground
  • In Ground
    • Invasive
    • Non-Invasive

By Termite Type:

  • Subterranean Termites
  • Formosan Termites
  • Dampwood Termites
  • Conehead Termites
  • Others

By Function (% of Demand):

  • Monitoring
  • Termination
  • Monitoring & Termination Both

By Application:

  • Lawns & Gardens
    • Domestic
      • Lawns
      • Indoor Courts
    • Commercial
      • Turfs
      • Golf Courts
      • Tennis Courts
      • Ornamental
      • Others
  • Agricultural Lands & Crop Storage
  • Building Infrastructure
    • Cabinets
    • Foundation
    • Doors
    • Others
  • Furniture
  • Others

By Sales Channel:

  • Online
    • Third Party E-Commerce
    • Company Websites
  • Offline
    • Wholesalers/ Distributors
    • Retail Stores
    • Pest Control Services
    • Building Contractors
    • Others

By Region:

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

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Probiotic Cosmetics Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2031

According to a recent report by Future Market Insights (FMI), the probiotic cosmetics market is expected to surpass a valuation of US$ 302.7 Mn in 2021 at a CAGR of over 6.9% through 2031. Increasing awareness about skincare, self-grooming, healthy-looking among men is likely to play a key role in fueling growth in the probiotic cosmetics market.

Players are principally engaging in attracting millennial men. To achieve this, leading beauty brands are providing them with the best quality probiotic cosmetic products. Expansion of portfolio by leading companies also will help them gain competitive advantage in the market.

Rising male consciousness towards importance of grooming and appearances has spurred the demand for skin care and cosmetic products including probiotic cosmetics, exclusively formulated for men. An increase in societal influence to look good and persistent self-consciousness are the prominent factors fuelling the demand for probiotic cosmetics.

Expansion strategies undertaken by the leading market players also will aid overall expansion of the market. For instance, brands like Esse, Laflore, Marie Veronique and MenBiotics™ are continually investing in the research and development activity to cater to the dynamic consumer preference. This also will help the player to strengthen their presence in the market.

2021-2031 Probiotic Cosmetics Market Outlook in Comparison to Sales Registered in 2016-2020

Some of the factors driving the sales of probiotic cosmetics include the increasing number of enlightened and well-travelled customers, rising awareness about probiotic moisturizer benefits, and increasing inclination for prebiotics and probiotics skincare.

Driven by this, the probiotic cosmetics market is expected to register 6.9% CAGR between 2021 and 2031 in comparison to the 5.2% CAGR registered during 2016-2020.

The processing of the various ingredients such as the species Lactobacillus, Vitreoscilla, Bifidobacterium, and other ferments in cosmetic and skincare products is propelling the probiotic cosmetics market growth. Expansion of organic skincare industry also will improve sales of probiotic cosmetics.

The demand for microbiome cosmetics and sustainable skincare is on the rise. Coupled with this, higher awareness regarding the benefits of probiotics in the treatment of various skin concerns such as eczema, acne, chronic inflammation, and rosacea will continue pushing sales of probiotic cosmetics.

probiotic cosmetics market characteristic and attributes with regional relevence 2021

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Key Takeaways from the Probiotic Cosmetic Market Study

  • In terms of product type, facial care products are projected to account for 40.2% of the total probiotic cosmetics market share in 2021.
  • In terms of end-use, personal/individual will account for 63.0% of the total probiotic cosmetics market share in 2021.
  • As per FMI analysis, probiotic cosmetics demand is increasing in the United States. The US is expected account for 88.7% of sales in North America in 2021.
  • UK is a key market in Europe, registering a CAGR of 6.7% owing to higher spending on probiotic cosmetics in the country.
  • Probiotic cosmetics sales via online sales channels will pick up pace globally.

Impact of COVID-19 on the Market

The novel coronavirus outbreak had a wide-ranging impact, including the closure of all non-essential enterprises and stores, which has resulted in a loss of corporate confidence, increased public concern, and uncertainty about the future. Furthermore, extended worldwide economic downturns caused by COVID-19 had a negative impact on the global probiotic cosmetics market.

Besides decelerating demand among consumers, supply chain disruptions had a negative impact on the market. Additionally, shortage of labor, inadequate raw materials, less consumption of cosmetic products, high cost of production, and others hampered the probiotic cosmetics market growth.

Who is Winning?

Leading manufacturers and suppliers of probiotic cosmetics are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales globally.

Major players present in the probiotic cosmetics market are L’Oreal SA, Procter & Gamble, Unilever Plc, Arbonne International LLC, KORRES SA, L’OCCITANE, Aurelia London., Johnson & Johnson Consumer Inc, Amway, Andalou, Aurelia London., BIOMILK™ Skincare, Columbia SkinCare., EMINENCE ORGANIC SKIN CARE, LaFlore® Probiotic Skincare, ESSE SKINCARE, Marie Veronique., and ESTÉE LAUDER COMPANIES among others.

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Plush Blanket Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2031

Increasing preference for luxury bedding such as light-weight blankets will push sales in the global plush blanket market. According to a recent report by Future Market Insights (FMI), the plush blanket market is expected to surpass a valuation of US$ 418.8 Mn in 2021 and at a CAGR of over 5.4% through 2031.

High focus on home decoration and willingness to spend on interior décor items will emerge as chief growth drivers. Interior decoration and themed houses are turning trendy and for elegance and comfort, people are spending on fashionable and comfortable plush blankets.

To capitalize on this trend, some of the leading market players have been aggressively investing in promotional campaigns and advertisements. Some of focusing on innovative product launches such as the launch of non-toxic and sustainable plush blankets.

Customers are becoming eco-conscious and drawn to non-toxic and non-allergic blankets. The bedding quality and material used has gained popularity, especially among millennial consumers. To cater to this, leading companies have launched plush blanket made from biodegradable material, which can be recycled and reused.

Besides launching eco-friendly products, companies are partnering with environmental protection groups to promote cruelty-free and chemical-free manufacturing. Such efforts undertaken by various organizations such as Shades of Green, Boll & Branch, and Pottery Barn are likely to promote sustainable and eco-friendly bedding and help the market grow.

Global Plush Blanket Market – 2016-2020 Outlook Compared to 2021-2031 Forecast

Demand for plush blankets grew at 5.5% CAGR between 2016 and 2020. The COVID-19 outbreak  dampened sales prospects due to restrictions in movement and disrupted supply chains.

The temporary shutdown of stores and hypermarkets has resulted in a paradigm shift towards online retail. To comply with social distancing norms, customers resorted to making purchase online, rather than visiting brick and mortar stores.

Production of plush blankets was also hampered to an extent due to restricted supply of raw material. However, recovery of the plush blankets market is on cards as it has been predicted to grow year-over-year by 5.2% between 2020 and 2021, and the trend is projected to continue over the forecast period.

projected bps change in market share for key segments in global plush blanket market 2021 2031

Key Takeaways from the Plush Blanket Market Study

  • Full-size blankets are expected to hold the leading revenue share of 21.4% in the market in 2021.
  • The U.S. will hold a share 87.7% in North America in 2021, owing to the high penetration of key players in the country.
  • India is a key market in South Asia, registering growth at above 10.3% CAGR owing to higher spending on premium products in the country and increasing development in the real estate category.
  • Europe will continue showcasing lucrative opportunities for the plush blanket market. Demand in Germany and the U.K. will continue supporting growth in the region.

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“Rising availability of plush blankets in attractive patterns, which include smooth, textured, dimple, cuddle soft, and velvet, with wonderful colours, is making them popular a inclusion to improve aesthetic of bedroom decor.” says an FMI analyst.

Who is Winning?

Some of the leading players in the market are Berkshire Blanket & Home Co., American Blanket Company, FleecePro, Sunbeam Products, Inc., ADORNit, Plush Addict Ltd., Robert Kaufman Co., Inc., Shannon Fabrics Inc., Venus Group, The Company Store, The Northwest Company, among others.

Market players are focusing on the expansion of their product portfolio. Some of them are increase their sales by expanding their business portfolio by collaborating with e-commerce supply channels.

For instance, in 2021, PIXERS launched a customized plush blanket that is soft and warm, suitable for the bedroom, kid’s room and the living room as a bedspread or additional cover. This factor helps the company to gain customer attention in the market.

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Wetsuit Market 2022 Outlook, Current and Future Industry Landscape Analysis 2031

As per a recent market analysis by Future Market Insights (FMI), the global wetsuits market is expected to surpass a valuation of US$ 3.35 Bn, expanding at a 6.5% CAGR through 2031.

Consistent growth of recreational water sports activities is spurring demand for wetsuits, with eco-friendly wetsuits emerging as the most popular products in the global wetsuits market.

Initially, the brand O’Neil Inc., manufactured the first wetsuit using neoprene. However, with technological advancements and the availability of modern machines has enabled brands to offer wetsuits made from other materials such as wool, lycra, synthetic rubber, and spandex.

This has enabled the wetsuits brands to diversify their product portfolios. Moreover, with growing demand for eco-friendly materials, sales of wool and lycra-based wetsuits are projected to rise over the forecast period.

Further, wetsuits designing has shifted from traditional methods such as  seam taping and seam gluing to blind stitching. Blind stitching allows manufacturers to stitch the material completely from one side without making holes directly through the material.

This technique potentially gives more flexibility to the wetsuit and stops continuous flow of water through the material. These developments are expected to continue augmenting growth of the wetsuit market over the forecast period.

2021-2031 Wetsuit Market Outlook in Comparison to Sales Registered in 2016-2020

Wetsuits are preferred more than dry suits because they provide better thermal protection while wet, and the fabric allows better insulation compared to dry suits. Moreover, wetsuits have more applications such as scuba diving, surfing, and sailing among others, however, dry suits are majorly used for deep-sea diving. FMI has forecast the wetsuit market to rise at a 6.5% CAGR between 2021 and 2031.

Growth in number of water sports and recreational activities like surfing, diving, and water skinning is expected to continue pushing sales of wetsuits. In addition to this, increasing number of women participation in water sports is compelling manufacturers to launch stylish yet comfortable wetsuits.  For instance, in 2018, Sisstrevolution brand launched their product line of wetsuits only for women.

A large number of millennial consumers are actively spending on recreational activities during vacations. Besides this, the availability of rental water sporting accessories in coastal regions is spurring demand for quality wetsuits, which is compelling manufacturers offer premium products to improve sales.

The aforementioned factors are expected to continue pushing sales of wetsuits over the forecast period.

wetsuit market characteristics and attributes with regional relevance 2021

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Key Takeaways:

  • Based on product type, the full sleeves wetsuits segment is expected to hold 70.4% of the total market share in 2021.
  • Surfing as an application of wetsuits is likely to dominate the market with a share of 37.3% in 2021.
  • Men wetsuits are highly in demand among the consumers. This is likely due to the availability of wetsuits for men in various sizes, designs, and colors. The segment is projected to hold 50.1% of the total wetsuit market share in 2021.
  • In terms of price range, under US$ 100 is projected to hold the highest market share in 2021, at around 51.2%.
  • Sales of wetsuits through water sporting accessories stores are expected to grow at a 5.4% CAGR through 2031.
  • The U.S. is expected to dominate the North America wetsuit market, holding 83.9% of the market share in 2021.
  • India will emerge as an attractive wetsuit market, accounting for 27.25 of the South Asisa market share in 2021.
  • China is projected to account for 43.9% of the East Asia wetsuit market share in 2021.
  • Japan and South Korea will account for 23.5% and 32.6% of the global wetsuit market share over the forecast period.

Competitive Landscape

Prominent players present in the global wetsuits market are O’Neil Inc., Quicksilver Inc., Billabong International Limited, Aqualung, Gullewa Limited, Shieco Group Co., Ltd., Xcel, Patagonia Capital Ltd., Vissla, Rip Curl, Sisstrevolution, Speedo, BARE Sports, and Decathlon S.A. among others. Top 5 players in the wetsuit market are projected to account for 15-25% of the total market share over the forecast period.

Leading manufacturers of wetsuits are focusing on upon product development and implementing eco-friendly and new material that are more flexible, reliable, and provide better insulation to protect user from catching hyperthermia. For instance:

  • In 2020, Billabong introduced their new line-up of Eco-Conscious wetsuits that are made with recycler tech- meaning the graphene is infused with 100% P.E.T. recycled fibers.

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Maternity Apparels Market 2022 Outlook, Current and Future Industry Landscape Analysis 2031

According to a recent report by Future Market Insights (FMI), the maternity apparels market is expected to surpass a valuation of US$ 20.4 Bn, expanding at a CAGR of 6.7% through 2031.

Sales of maternity apparels has gained momentum amid social media influence, celebrity endorsements, and introduction of new fashion trends through magazines and television.

Clothing brands such as Zara has joined the growing list of high street and online retailers attempting to capitalize on increasing demand for maternity apparels. For instance, Zara recently launched its first maternity collection comprising 25 dedicated maternity items such as sweaters, knitted dresses, jeans and overall. These products can be styled with other clothing offered by Zara which are either bump-friendly, oversized or made from stretchy materials.

The COVID-19 pandemic resulted dampened sales of maternity apparels to an extent. Demand for maternity clothing, which typically targeted working professionals in metropolitan workplaces and/or those getting ready for a big night out – came to a halt, with lockdowns implemented around the world and pregnant women increasingly preferring loungewear in place of high street maternity fashion trends.

Customer spending on clothing dropped by more than half in major markets such as the U.S., the U.K., and Germany. Maternity apparel platforms faced dwindling demand as pregnant women began working from home and events like weddings and celebrations were either postponed, cancelled, or held virtually. However, with resumption of trade activities and the introduction of new retail channels for maternity clothing, sales are expected to recover over the forecast period.

Besides this, increasing preference for luxury maternity apparel among millennial moms is ushering product developments in the maternity apparels market. The influx of high street maternity styles is compelling brands and specialist retailers to step-up their game and send a clear message about the value in investing in more expensive, technical maternity and nursing clothing.

Maternity Apparels Market Outlook 2016-2020 Compared to 2021-2031 Forecast

Increasing focus on pregnancy fashion and evolving fashion trends are expected to be key factors driving sales of maternity apparel across the globe. Considering this, FMI has forecast the maternity apparels market to expand at a 6.7% CAGR between 2021 and 2031 in comparison to the 3.5% CAGR registered during 2016-2020.

Previously, maternity clothes were worn to conceal the baby bump, regardless of the fit. Women have recently become more aware regarding how size of clothes complement their body type. Increasing fashion awareness among new mothers has resulted in high demand for office and casual outerwear. Even during pregnancy, modern mothers are self-conscious about their physical appearance.  There by, contributing to the growth of the market.

Growing influence of social media, celebrity endorsement, and presentation of fashion trends in magazines and television are compelling manufacturers to introduce new styles and design. In addition to this, brands are focusing on introducing maternity apparel suitable for various occasions. Apart from this, venue-specific fashion trends are gaining traction, which is expected to augment growth of the maternity apparels market in the forthcoming years.

Brands are increasing their efforts to expand their consumer base, whether it is through e-commerce sites, offering discounts, celebrity endorsements, or customization of fashion to suit individual needs. This is expected to continue driving sales of maternity apparels.

maternity apparel market characteristics and attributes with regional relevance 2021

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Key Takeaways:

  • Sales of outerwear maternity apparel are expected to account for 76.2% of the total market share in 2021.
  • Based on material type, the cotton segment is forecast to account for 43.2% of the total maternity apparels market share in 2021.
  • In terms of price range, the below US$ 100 segment is projected to hold the highest market share in 2021, at around 60.3%.
  • Sales of maternity apparels through online channels are slated to account for 29.3% of the total maternity apparels market share in 2021.
  • The U.S. is anticipated to hold 79.2% of the North America maternity apparels market share in 2021.
  • Australia is forecast to account for over 51.7% of the Oceania market share in 2021.
  • India will emerge as an lucrative market, holding 31.7% of the South Aisa maternity apparels market share over the forecast period.
  • Japan and South Korea will account for 33.7% and 23.6% of the East Asia market share respectively.

Competitive Landscape

Leading players operating in the maternity apparels market are Adidas AG, Brainbees Solutions Pvt. Ltd., Hanesbrands Inc., H & M Hennes & Mauritz AB, J. C. Penney Co. Inc., Nike Inc., Seraphine Ltd, The Gap Inc., Tytex AS among others.

Leading manufacturers of maternity apparels are focusing on promotional strategies, advertisements, and new product launches to expand their global footprint and improve sales. Players are also investing in strategic collaborations to gain a competitive edge in the market. For instance:

  • In Oct 2020, Maternity clothing start-up Momsoon announced its partnership with Monte Carlo to launch a maternity wear winter collection. Monte Carlo is producing maternity wear designed by Momsoon for online sale as part of the partnership.
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Fishing Reels Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2031

The surge in demand from anglers and mounting popularity of sport fishing as a recreational activity are anticipated to expand the global fishing reels market size in near future. Soaring popularity of fishing as a sport activity and consequent popularity of fishing equipment will fuel the demand for fishing reels.

According to a recent report by Future Market Insights (FMI), the fishing reels market is expected to surpass a valuation of US$ 8.6 Bn at a CAGR of over 4.9% through 2031.

Technological improvements in fishing reels have played a key role in driving the market. Correspondingly, the high demand for modified and customized reels based on the requirements of the customer is another factor leading to surge in demand for such fishing reels.

Increase in use of modified fishing reels for freshwater or saltwater fishing will push growth in the market. Besides this, popularity of fishing as a leisure activity is soaring among aged people in North America and Europe, catapulting both regions to the forefront of the market.

Moreover, efforts by regional governments and other communities have helped in the growth of recreational fishing activity. To encourage it, they have introduced various policies and regulations benefitting the fishing enthusiasts.

For instance, the American Sport Fishing Association (ASA) recently held its inaugural online auction to raise funds in support of Keep America Fishing. Keep America Fishing (KAF) is the association’s grassroots advocacy program that provides nation’s 55 million anglers a way to let their voices be heard when fisheries policy and management decisions will impact recreational fishing.

Such efforts by different organizations are likely to support recreational activities such as fishing among all age population and help the market growth in significant manner.

Fishing Reels Market – 2016-2020 Outlook Compared to 2021-2031 Forecast

Demand for Fishing Reels grew at 3.3% CAGR between 2016 and 2020. The outbreak of the COVID-19 adversely impacted the sales prospects due to restrictions imposed on movement, which also disrupted supply chains.

Fishing reels are either hand-held or fixed on the gunwales of boats and are used to wind and pack fish in conjunction with fishing rods. The fishing reels market has been steadily growing in recent years, owing to a thriving fisheries industry and in line with the global trend of leisure activities gaining popularity.

However, with revival of manufacturing industry, distribution networks, and production activities across various sectors, FMI projects the global fishing reels market to achieve its pre-pandemic status over the forecast period, growing at a 4.9% CAGR.

projected bps change in market share for key segments in global fishing reels market 2021 2031

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Key Takeaways from the Fishing Reels Market Study

  • Spinning reels are expected to hold the leading revenue share of 48.2% in the market in 2021 aided by their high durability and efficiency in all types of waters.
  • Aluminium reels dominate the market as they can withstand corrosion even in saltwater bodies and are regarded as most durable by fishing enthusiasts.
  • The U.S. holds a share of 76.5% in North America owing to the high penetration of key players in the region.
  • Malaysia is a key market in South Asia, registering growth at above 8% CAGR owing to higher spending on premium products in the country.
  • Europe showcases lucrative opportunities for the fishing reels industry backed by a larger pool of consumer population who are willing to spend on recreational activities.

Impact of COVID-19 on the Market

The novel coronavirus outbreak had caused economic downturn by disrupting corporate operations in various industries. The retail sector had been considerably hit. Decline in overall discretionary spending also had adverse impact on the retail sector.

Consumers were subjected to maximum restrictions, which causes the year-on-year growth to nose-dive. During the pandemic, there was a drop in productivity due to complete lockdown and resultant chaos in the industrial environment. The sales were bracketed by online retailing.

In light of this, players concentrated their efforts on increasing internet penetration, as this allowed them to reach a larger consumer base more quickly and at a lower cost. Moreover, restrictions on going out hampered the recreational activities across the globe and correspondingly hampered the fishing reels sales.

Who is Winning?

Leading manufacturers of fishing reels are focused on differential strategies and advertisements that have driven sales growth globally.

Major players present in the fishing reels market are SHIMANO INC., Daiwa Corporation, Abu Garcia, NingBo HaiBao fishing tackle co., Ltd., OKUMA FISHING TACKLE CO., LTD,  The Orvis Company, Inc., BPS Direct, L.L.C., Tackle World, TICA FISHING TACKLE, BCF Australia, and Pure Fishing, Inc. (Penn) among others.

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Colon Decompression Kits Market Industry Analysis, Opportunities, Technology, Demand, Top Players and Growth Forecast 2028

The colon compression kits contain a drainage catheter, wire guide, and other related items. They are used in colonoscopy surgeries to remove the abnormal colon. They are also used in operations such as toxic mega colon, pseudo obstruction, and decompression of the colon to remove the stricture. For the performance of the colonoscopy surgeries, there is a small insertion of the colon tube at the site of the injury. The site of the injury is identified with the black hole or small gas bubbles that escape from the obstructed site. A flexible wire present in the kit is used for oesophageal dilation. The tube that is inserted through the oesophagus goes to the site of the injury and the colon tube is withdrawn and the tube is advanced over the flexible wire and hence the airs and liquid through the catheter indicates successful compression. The position for the tube is identified by the roentgenogram indicating the adequacy of the procedure. The tube has joints that help to pass through the skin in a secured manner and a coating of paraffin oil is applied to the tube before insertion.
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From 2013 to 2017 many patients have undergone colon surgeries. A review was conducted on how the patients felt after the implant and the success rate of the implant was checked. According to the review, most of the patients were satisfied with the colon surgeries. The surgery was conducted mainly in patients when bleeding occurred in the colon, where was bowel detected in the colon. If cancer of colon is detected in the early stage surgery is a better option, as the tumor can be removed. Likewise, if there is symptoms of diverticulitis then the patients is recommended to get operated. All the above mentioned indications need colon decompression kits in order to get operated and the prevalence of such indications is increasing because of unwanted food habits, smoking, and alcohol consumption.

Colon decompression Kits Market Assessment by Test Type

colon decompression kits market 0

Factors Driving the Colon Decompression Kits Market

The global market for colon implant is driven by increasing incidences of food poisoning, cancers, dysfunction of colon prevalence for lifestyle-related chronic disorders such colon cancer, and colon bleeding, among others. Availability of reimbursement policies for implants is a preliminary factor increasing the penetration of these products in the matured markets. However, emerging countries do not have definite reimbursement policies for colon implants, which restricts the growth of the market. Technological advancements in colon decompression kits is an important factor fueling the growth of the colon decompression kits market. Colon decompression plays a very important role in curing the damage to the organs, if the implants is done at the right time.

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Regional Market Outlook

Geographically, the global colon decompression is segmented into five key regions viz.  North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and the Middle East & Africa, Japan. North America will continue to dominate the global market due to the availability of advanced technologies and more number of laboratory developed tests. Europe is expected to hold second large market share in the global colon decompression due to growing prevalence of chronic diseases.

Small-Scale Manufacturers/Providers Medium-Scale Manufacturers/Providers Large-Scale Manufacturers/Providers
  • Medline
  • Wilson Cook Medical
  • Cereplas
  • Laerdal Medical
  • Supremex Equipment
  • Core Safety Group
  • National Safety Solutions
  • Balaji Enterprises
  • Taheri Enterprises
  • M.S. Surgicals

 

 

Key Data Points Covered in the Report

The report covers exhaustive analysis on:

  • Colon decompression kits market by test type, end user and region
  • Regional level market analysis of North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan, Japan, Middle East & Africa by test type, end user segments and country
  • Colon decompression kits market Dynamics & Opportunity Assessment
  • Historical Actual Market Size, 2013 – 2017
  • Colon decompression kits market Size & Forecast 2018-2028
  • Colon decompression kits market Agents Current Trends/Issues/Challenges
  • Competition & Companies involved

Research Methodology

The market sizing of colon decompression kits will be done by the adoption data triangulation approach. The demand-side approach will be followed to assess the actual market size of colon decompression kits. Secondary research will be done at the initial phase to identify the feasibility of the target product/technology categories and its respective segments, product and service offerings, equipment installed base in end-use facilities, adoption rate and future impact of new technologies. Additionally, per capita consumption of kits, reagents and consumables among end users will be tracked at a granular level to obtain the most accurate information. Each piece of information will be eventually analyzed during the entire research project, which will help build a strong base for the primary research information.

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The report covers exhaust analysis on: 

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

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

Market Segmentation 

By Application

  • Partial Colectomy
  • Total Colectomy
  • Hemicolectomy

By End user

  • Hospitals
  • Diagnostics Laboratories

By Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East & Africa

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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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