Small Kitchen Appliances Market 2022 Outlook, Current and Future Industry Landscape Analysis 2030

The global small kitchen appliances market is estimated to be valued at ~US$ 96 Bn in 2020 and expected to expand at 3.4% CAGR during the forecast period of 2020-2030.  Health and fitness awareness and usage of environment-friendly products are the latest trends observed in almost every industry, which has a direct or indirect impact on consumers and the environment. This trend is also observed in the cookware industry where consumers are increasingly demanding green or sustainable products, which will cause no harm to the surrounding environment. Due to the growing need of sustainable kitchen appliances, many new trends have emerged in the market.

As an example, gas cooktops use less energy than electric ones, but they do release carbon monoxide, carbon dioxide, and nitrogen dioxide into the air which harms the environment. Chefs around the world prefer eco-friendly pans that will not put the health of consumers at risk. Cuisinart’s green gourmet non-stick cookware is an example of it. It consumes less energy and reduces harmful carbon emissions. Spurred by these factors the small kitchen appliances market is expected to witness a steady growth in the coming years.

Key Takeaways from the Small Kitchen Appliances Market Study

  • East Asia is expected to dominate the global small kitchen appliances market owing to large population base which are more inclined towards healthy & home cook food. Small kitchen appliances market is primarily dominated by small cooking appliances due to growing food easting habit in home which further creates demand for small cooking appliances such as cooker, deep fryer, toaster etc.
  • According to FMI, residential sectors are expected to see higher sales of small kitchen appliance as compared to commercial sector however HoReCa (hotel, restaurant, café) segment is anticipated to expand at highest CAGR during the forecast. Changing consumer lifestyle and increasing income level is expected to boost industry growth over the forecast period.
  • Modern trade (hypermarket/ supermarket) is considered as the largest sales channel in terms of value share in the global small kitchen appliances indirect sales channel. Hypermarket/Supermarket is anticipated to dominate the global market owing to high product variety of multiple vendors at competitive price range.
  • The small household appliances industry is thriving immensely through increased sales on e-Commerce platforms, owing to advantages such as ability to compare prices of products, brands, and product variety, and ability to read reviews of other consumers. The e-Commerce industry is reshaping the global retail market. Growing interest for online purchasing is driving the industry forward. The facility of product comparison of different vendors has led to higher online sales.

Small Kitchen Appliances Sales are Gaining Traction Globally owing to High Product Awareness, and New Innovative Product Launches

Technology advancements, energy efficiency, cost, and quality of the products are major factors drive consumers’ purchasing preference. The advent of e-commerce industry and wide availability of different offline sales channel such as modern store (hypermarkets/supermarkets, specialty stores etc.) supports the industry from supply side. Growing health consciousness, increasing consumers with cooking as hobby, growing television programs and cooking recipes on YouTube and other online platforms push the consumers towards home food which is resulting as an increased demand for small kitchen appliances across the world.

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global small kitchen appliances market share by region pr

Market to Recover As Soon As Economies Return to Normalcy Post Coronavirus

Covid-19 which originated in China has now spread all over the world. Except essential products and services, all businesses are temporarily closed. As per World Economic Forum, The US and Eurozone’s economies are expected to recover to its full swing until 2023. The small kitchen appliances market are also affected due to Covid-19 pandemic as production are temporarily suspended, physical stores are closed. Online platforms also face challenges in product delivery due to country lockdown, and low availability of stocks. However, initiatives taken by the respective country governments have checked the growth rate of people getting infected. This shows positive sign of normalcy in coming quarter for few countries such as China, India etc.

Region Value Share (2020)
North America 12.4%
Latin America 9.2%
Europe 19.8%
South Asia & Pacific 21.4%
East Asia 33.5%
Middle East & Africa 3.7%

Who is winning?

Some of the key players operating in the Small Kitchen Appliances market are Whirlpool Corporation, Panasonic Corporation, Groupe SEB, Electrolux AB, BSH Hausgeräte GmbH, Haier Group, LG Electronics, Dongbu Daewoo Electronics, Samsung Electronics, Breville, Miele, Koninklijke Philips N.V., Conair Corporation and others.

Several leading foot care product players are launching new innovative products to expand their footprint and product portfolio. At present, manufacturers are focusing on R&D, merger & acquisition and partnership activities to come up with new technologies which can change the market landscape of Small Kitchen Appliances.

  • In Nov 2019, Caraway Home launched eco-friendly, non-toxic and non-stick materials cookware set.
  • In Sept. 2019, Philipps had launched Keurig K-Duo coffee machine in three variants.

Get Valuable Insights into Small Kitchen Appliances Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global small kitchen appliances market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The small kitchen appliances study reveals compelling insights on the small kitchen appliances market on the basis of product type (small cooking appliances, food preparation appliances, and beverage making appliances), price range (premium/high, economy/mass), end user (residential, commercial), and sales channel (wholesaler/ distributor, hypermarket/ supermarket, multi-brand stores, small independent stores, online and others) across all regions.

Protective Clothing Market 2022 Outlook, Current and Future Industry Landscape Analysis 2030

The global protective clothing market is estimated to cross US$ 9 Bn in 2020 and is anticipated to expand more than 6% CAGR during the forecast period of 2020-2030.

Work related injuries and deaths, tight government policy and new product development are the primary factors for protective clothing market. Protective clothing are expected to provide protection against flames, chemicals, biological agents, punctures, insects, rain, cold, ultraviolet (UV) radiation and extreme heat etc.

Few notable developments are super repellent coatings, electrospun nanofibers, fibers with novel cross sections, intelligent textiles, and biomimetic (inspired by nature) materials. Research investment in areas like nanotechnology and intelligent materials lead to new technologies which brings advance & new protective clothing in the market.

Outbreak of Covid-19 Disease Surge in Demand for Protective Clothing across the GlobeThe outbreak of Covid-19 pandemic which had started in China, now spread all over the world. As of 7th April, 2020, the total positive cases recorded were 1.4 Mn and 81,049 total number of deaths. It has effected more than 209 countries and territories so far.

Apart from some essential products and services, all businesses are temporarily closed. As per World Economic Forum, The US and Eurozone’s economies are expected to recover to its full swing until 2023. The pandemic has raised a sudden need of protective clothing among doctors, nurses, and other health care professionals.

The use of coverall and lab coats are in high demand for medical professional, lab testers etc. Companies are facing enormous demand for protective clothing, and as a result, companies are currently expanding their production capacity to meet growing market demand. Lakeland Industries Inc., DuPont, have expanded their production capacity of protective clothing. Many other companies also started production of protective clothing to meet the domestic and global demand to fight against Covid-19.

global protective clothing market share by region pr

Key Takeaways from the Protective Clothing Market Study

  • East Asia is expected to dominate the global protective clothing market owing to rise in demand for protective clothing in hospitals to eliminate spread of disease and treat coronavirus patients coupled with significant presence of prominent companies in China and Japan. Moreover, large number of low cost labour base and availability of raw material in East Asia are also the factors for the growth of protective clothing market in the region.
  • According to FMI, coverall segment are expected to see higher sales than its counterpart such as vest, jackets, aprons etc. Growing need for protection in chemical and manufacturing sector and healthcare industries have propelled the sales of coverall.
  • Non-Woven material are mostly used in protective clothing market. It is expected to hold the largest share during the forecast. Advancement in Nano technology and materials such as electrospun nanofibers, fibers with novel cross sections, intelligent textiles, and biomimetic materials are expected to see a robust growth during the forecast.
  • Manufacturing sector holds the largest share in the global protective clothing market. However, healthcare sector is expected to grow at significant CAGR owing to high demand for coverall, lab coats, and medical grown. Moreover, ongoing coronavirus pandemic has increased an enormous demand for protective clothing across the globe.

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Manufacturing Capacity Expansion To Increase Product SupplyCurrently, the organizations in the market are focused on expanding their manufacturing base to fulfil the rising demand. The WHO (World Health Organization) has urged the governments of countries to work with companies in order to increase the production of necessary medical and healthcare protection clothing and equipment supplies in view of the global pandemic outbreak.

A well-established company DuPont has increased its production of Tyvek hazmat suits which is important to protect the doctors and nurses fighting the pandemic in the frontline.

Some of the key players operating in the protective clothing market are 3M Company, Ansell Limited, Kimberly Clark Corp., Teijin Limited, Sioen Industries, Lakeland Industries, Inc., W. L. Gore & Associates, Workrite Uniform Company, Inc., Cetriko, Lakeland Industries, Inc.,Ballyclare Limited, Glen Raven, DuPont and others.

Who is winning?

Several leading companies are expanding their production capacity. Extensive R&D, merger & acquisition and partnership activities to come up with new technologies which can change the market landscape of protective clothing.

  • In March 2020, Lakeland Industries Inc. has expanded its manufacturing capacity by 30% to support market for the requirement of protective clothing.
  • In 2018, Radians, a manufactures industrial protective clothing had acquired Neese Industries, Inc. to increase its production capability.

PROTECTIVE CLOTHING MARKET TAXONOMYThe global protective clothing market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By Product Type

  • Coverall
  • Vest
  • Jacket
  • Apron
  • Others

By Material Type

  • Non-Woven
  • Woven
  • Knit

By End Use Industry

  • Manufacturing
  • Oil & Gas
  • Healthcare
  • Others

By Demographics

  • Men
  • Women

By Sales Channel

  • Online Stores
  • Others

By Region

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

DIY Haircut Kits Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2030

Strong focus on personal grooming and self-care, popularity of men’s grooming trend, and rise in number of salons have been triggering demand for haircut kits. Additionally, a growing trend has been observed in home or personal usage which is anticipated to propel future sales of DIY haircut kits. Owing to increasing fashion trend and style quotient, individuals are more inclined to experimenting with new hair styles and modifications which is resulting to an increased demand for DIY haircut kits such as clipper & trimmer kit.

According to detailed study published by Future Market Insights, the global DIY haircut kits market accounted for revenues worth US$ 6 Bn in 2019 and is projected to expand more than 2% CAGR during the forecast period of 2020-2030.

Covid-19 Impact & 2020 DIY Haircut Kits Market AnalysisCovid-19 outbreak, which started in China, is rapidly spreading all over the world and has an adverse impact on the sales of DIY haircut kits. Apart from essential products and services, businesses are temporarily closed. Additionally, most of the countries are in lockdown situation which restricts all physical store sales. However, China which has started recovering from Covid-19 crisis has seen a strong growth in online sales for DIY haircut kits such as clipper and trimmers for home and personal usage.

diy haircut kits market share analysis by region pr

Key Takeaways of the Global DIY Haircut Kits Market Study

  • East Asia is expected to account for high share of the global market value, owing to large consumer base interested in personal grooming. Given the concentration of a large number of manufacturers, the market will continue to flourish in the region.
  • According to FMI, clipper & trimmer kit is expected to see higher sales than its counterpart such as scissors set, as the latter are used by professional with specific skill set to cut hair. Moreover, clipper and trimmers are easy to operate, less time consuming, and does not require any skill set.
  • Salons/professionals remain top end user, accounting for higher value share of the global DIY haircut kits market.
  • Personal use of DIY haircut kits and in home-care settings is expected to grow at a significant pace, owing to greater emphasis on enhanced experience at low expenses and with elaborate resources.
  • Sales through offline channel continue to influence manufacturers’ growth strategies.
  • Growing consumer’s inclination towards online shopping will propel the sales of DIY haircut kits through online platforms. Product comparison, read reviews, competitive pricing, and door step delivery are the factors that influence the purchase decision of consumers.

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DIY Haircut Kits for Kids Trending Over Men & Women ProductsDIY haircut kits for kids are trending at present all over the online platforms. The most preferred DIY haircut kits for kids are the baby hair trimmer and rechargeable electric hair clipper. The kids are more reluctant to haircut in hair salons; hence parents are now considering its alternative solution – a baby haircut kit for at-home use. Manufacturer’s innovative product launch also pushes the kids segment for higher sales. Moreover, these manufacturers are offering waterproof hair styling haircut kit device with long battery hours, environment-friendly USB hub, and accessories kit with innovative baby packaging.

Who is winning?Some of the key players operating in the DIY haircut kits market are Koninklijke Philips N.V., Wahl Clipper Corporation, Spectrum Brands, Inc. , Remington), Procter & Gamble (Braun GmbH), Panasonic Corporation, Conair Corporation, Andis Company, VEGA, Sunbeam Products, Inc., Riwa, Havells India Ltd., FLYCO, Xiaomi, Zed Lifestyle Pvt. Ltd, and Oster Professional.

Several leading companies are focusing on R&D, merger & acquisition and partnership activities to come up with new technologies which can change the market landscape of DIY Haircut Kits.

  • In April 2019, Flipkart announced that they had partnered with Beardo to provide Beardo’s grooming kit and electric trimmer.
  • In July 2019, The Wahl Clipper Corporation launched cordless detailer with T-fast blade and 100 minutes of cutting time in one charge.

DIY HAIRCUT KITS MARKET TAXONOMYThe global DIY haircut kits market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

  • Clipper & Trimmer Kit
  • Scissors Set

End User

  • Salon/Professional
  • Personal/Home-Care

Price Range

  • High/Premium
  • Mid-Range/ Economy

Sales Channel

  • Modern Trade
  • Departmental Stores
  • Specialty Stores
  • Franchise Outlet
  • Online Stores
  • Other

Region

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

Hand Sanitizer Market 2022 Outlook, Current and Future Industry Landscape Analysis 2030

Presently, the coronavirus outbreak across the globe has resulted in soaring sales of hand sanitizers as they help reducing the risk of catching certain bacteria and infections. In addition to this, the rising awareness about benefits of hand hygiene practice among people across the globe will fuel demand in the market.

Moreover, campaigns launched by governments and various companies spreading awareness about precautions to be taken amidst coronavirus outbreak has positively impacted the sales of hand sanitizers worldwide. Not only big but smaller players in hand sanitizers market have witnessed a high growth in sales since the outbreak of the virus. Various government bodies across the globe have also provided licenses to new manufacturers, sugar, and distilleries industry for the production of hand sanitizer and also helping them to smoothen the supply chain process to meet the growing demand.

Covid-19 which had started in China, is now labelled as a pandemic worldwide. As of 7th April, 2020, the total positive cases recorded across the globe were 1.3 Mn and 76,344 total number of deaths. It has effected 209 countries and territories so far. Except essential products and services, all businesses are temporarily under lockdown which is impacting the global economy. Online retailers also face various challenges in product delivery due to country lockdown, and low stock availability.

However, initiatives taken by various governments’ across the globe to create awareness among people and check the growth rate of people getting infected. This shows positive sign of regularity in coming quarter for few countries such as China, India etc.

On the back of these factors, the global hand sanitizer market is estimated to be valued at ~US$ 1.4 Bn in 2020 and expected to expand at 7.2% CAGR during the forecast period of 2020-2030.

Key Takeaways from the Hand Sanitizer Market Study

  • North America is expected to dominate the global hand sanitizer market owing to rise in prevalence of COVID-19 disease among people in US and states. Moreover, the healthcare facilities are installing new hand hygiene technology and relying on it to change hand hygiene behaviour among staff and visitors, are the factors driving the hand sanitizer market in the region.
  • East Asia is expected to retain its dominance in the global hand sanitizer market, due to expanding government initiatives to promote the usage of hand hygiene products in order to reduce infections along with increase product availability at hospitals and other healthcare centres in the region.
  • According to the report, prominent players and new manufacturers have significantly increased their production capacity to ensure the continuous supplies of hand sanitizer across the globe due to the rise in demand for such products among households, hospitals, and other healthcare facilities.

Packaging, A Key To Brand Differentiation to Propel Hand Sanitizer SalesPeople are likely to be more attracted to innovative packaging of hand sanitizers as compared to impact of key ingredient in the products. Thus, innovative packaging design, new product colour is expected to boost sales of the hand sanitizer worldwide. Unilever PLC, Henkel AG & Company, KGaA and other companies uses attractive packaging strategy to increase their sales of hand sanitizers. In addition, with the increasing adoption of hand sanitizer among people manufacturers are now focused on selling premium hand sanitizer to expand their product portfolio and market share. The premium hand sanitizer with key ingredients and different functionality including moisturizing, germ killing, fragrances, and many more is significantly taking retail space across the globe. Moreover, people are now ready to spend on premium sanitizer due to their high concern for health.

global hand sanitizer market share by region pr

Who is winning?Some of the key players operating in the hand sanitizer market are The Procter and Gamble Company, Gojo industry Inc., Reckitt Benckiser Group PLC, Best sanitizers Inc., The Himalaya Drug Company, Henkel Corporation, Unilever, Kutol Products Company, Linkwell Corporation, Vi-Jon Laboratories, Inc., Chattem Inc., Cossmic Products, Carroll Company, Seatex Ltd., and Guangzhou Beaver Cosmetic Co., Ltd.

Several leading hand sanitizer players are launching new innovative products with multiple features due to increasing consumer interest in chemical free products and significantly focuses on promotional activities to create awareness among people. At present, manufacturers are focusing on increase in production capacity to have a surplus inventory and cope up with growing market demand as well as increase product availability in the retail shelf space.

  • In March 2020, The Procter and Gamble Company has increased its production capacity and distribution of hand sanitizer in five manufacturing facilities around the globe. In the coming days, company’s production facility will expand to five additional location worldwide with the capacity of 45,000 litres per week.
  • In March 2020, Unilever entered into a strategic partnership with UK government and co-fund a US$ 61.1 Bn hand washing campaign to create awareness among people during the ongoing Covid-19 pandemic. Campaign to reach people through TV, Radio, Print, Social, and digital media Channel.

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Hand Sanitizer Market TaxonomyThe global hand sanitizer market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By Product Type

  • Foaming Hand Sanitizers
  • Foaming Instant Hand Sanitizer
  • Instant Hand Sanitizer Gel
  • Spray Hand Sanitizer

By Content

  • Alcohol Based
    • Upto 60% Content
    • Above 60% Content
  • Non-Alcohol Based

By Active Ingredient

  • Ethanol or Ethyl Alcohol
  • Benzalkonium Chloride
  • Isopropyl

By Packaging Type

  • Flip-Flop Bottles
  • Pump Bottles
  • Dispensing Packets
  • Jars/Cans

By End Use

  • Institutional
    • Hospitals & Healthcare
    • Offices/Commercial
    • Foodservice
    • Food Processing
    • Schools & Universities
    • Manufacturing & Industrial
    • Hospitality
    • Grocery, Convenience Store & Retail
    • Others
  • Household

By Pack Size

  • Below 100 ml
  • 101 ml-300 ml
  • 301 ml -500 ml
  • 501 m & Above

By Sales Channel

  • Direct
  • Indirect
    • Hypermarkets/Supermarkets
    • Specialty Stores
    • Multi-Brand Stores
    • Discount Stores
    • Independent Departmental Stores
    • Online Retailers
    • Other Sales Channel

By Region

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

Bicycle Shoe Market is expected to grow at a CAGR of Approximately Over 2022-2029

The recent past has observed an increased adoption of bicycle shoes owing to increasing number of cycling events, clubs and association across the globe which in turn is accelerating the sales of cycling accessories such as bicycle shoes and helmets among riders. Moreover, growing cycling interest and high penetration of online sales channel are expected to fuel the global sales of bicycle shoe. FMI in its newest research report opines that the growing trend of custom bicycle shoes is leading to an uptick in the demand for bicycle shoe. On the back of these factors, the global bicycle shoe market is estimated to be valued at US$ 998.7 Mn in 2019 and expected to expand at 5.5% CAGR during the forecast period of 2019-2029.

Key Takeaways from the Bicycle Shoe Market Study

  • East Asia is expected to dominate the global bicycle shoe market owing to large population base which are more inclined towards fashion and health. Cycling activity which has emerged as health & fitness program among consumers, attracts East Asia riders for higher participation which is resulting to an uplift of bicycle shoe in the region. As per Union Cycliste Internationale (UCI), 40 UCI cycling teams are registered in 2018 which was 17 in 2009, increased more than double in past years.
  • According to FMI, mountain bike shoe accounted for the maximum share in the global bicycle shoe market owing to high preference for adventure sports among consumers supported by the manufacturers with continuous innovation in mountain biking (MTB) such as wireless drivetrains, wireless dropper-posts, fork & shock controls which further generates the necessity of mountain bike shoe.
  • An upsurge in consumer spending was seen in the segment of men within the global bicycle shoe market. As per Statistics for American Motorcycle Riders, female motorcycle owners accounted for only 19% as compared to men (81%) in 2018.
  • While offline sales channel will continue to dominate the bicycle shoe market during the forecast period, online sales channel is expected to see a prolific rise with a higher CAGR in bicycle shoe. Preferential shift of consumers towards online platforms are primarily driven by product availability and competitive vendor prices etc. Online platforms offer multiple sellers at the same time with numerous bicycle shoes to choose from. Moreover, bicycle shoe delivery at doorstep also saves the consumer’s time which is another important factor towards the growth of online sales channel.
global bicycle shoe market share by region

Increasing Public Bicycle Rental Programs and Government InitiativesBike-sharing programs offer an active mobility option to individuals with an objective to increase cycling, reduce congestion, and minimize environmental pollution. Also, bicycles available on rent save users investment needed to purchase their own bicycles. In addition, users who make a habit of using rental bicycles can be potential buyers in the future for companies that target citizens who commute over shorter distances. A study by Institute for Transportation and Development Policy (ITDP) in 2014 revealed that bike-share programs have been initiated in over 600 cities worldwide, and more bicycle rental programs are starting each year. The Indian government has taken many initiatives, such as ‘Make in India’ and ‘Startup India’, with an objective of boosting the manufacturing sector and increasing the purchasing power of the average Indian customer. Such initiatives would further boost demand and hence, spur the development of bicycles in addition to benefiting investors. Moreover, the Government aims to push the country’s manufacturing sector to account for 25% of its GDP, which is much higher than the current 17%. All these factors are anticipated to drive the growth of the bicycle market in the Asia-Pacific region, thereby boosting demand for bicycle shoes.

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Who is winning?Some of the key players operating in the bicycle shoe market are Alpinestars S.p.A, Dainese S.p.A, Fox Head Inc., Lemans Corporation, EVS Sports and others.

Several leading bicycle shoe players are launching new innovative products to expand their footprint and product portfolio. At present, manufacturers are focusing on research and development activities to come up with new technologies which can change the market landscape of bicycle shoe.

  • In March 2020, Leatt, a company which designs & manufactures of protective neck braces, body armour and cycling shoe, has  launched innovative shoe line for mountain biking.
  • In Feb 2019, the company Shimano launched indoor cycling footwear, IC5 and IC3 shoes.

Bicycle Shoe Market TaxonomyThe global bicycle shoe market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By Product

  • Mountain Bike Shoe
  • Road Bike Shoe
  • Touring & City Bike Shoe
  • Winter Shoe

By Price Range

  • Premium
  • Mass

By Consumer Orientation

  • Male
  • Female
  • Kids

By Sales Channel

  • Online
  • Offline
    • Specialty Bicycle Retailers
    • Full-Line Sporting Goods Stores
    • Department Stores & Others

By Region

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

Bicycle Bags and Bag-packs Market 2022 Outlook, Current and Future Industry Landscape Analysis 2029

There is a significant increase in bicycle long tours among the young population worldwide. Growing cycle tourism and long tours for a social cause are the major reasons for the increase in the number of bicycle long tours. Long tours demand for various types of carrier bags to carry the essential things for the journey. Cycle carrier bags are specifically designed to be mounted onto bicycle frame so as to relieve the cyclists from carrying weight on his back.

Cycle carrier bags lowers the centre of gravity of the bicycle that makes controlling the bicycle much easier with compact transportation of the gear such as food, clothing, and biking tools. Consequently, there is a growing demand for cycle carrier bags globally.  Therefore, bicycle bags and bag-packs market is expected to register new growth opportunities during the forecast period. The market is projected to rise at a CAGR of ~5.6% between 2019 and 2029, Future Market Insights foresees high growth for the market.

Key Takeaways from the Bicycle Bags and Bag-packs Market Study

  • Asia Pacific region is at forefront for cycling globalization. There is a considerable young population in this region. The benefits of cycling to maintain a healthy lifestyle is a major factor influencing the millennial. Government in this regions are taking initiatives to promote cycling activities such as development of cycling tracks, cycle sharing spots, and arranging cycling events.
  • According to Union Cycliste Internationale (UCI), Asia region is extremely active in hosting major cycling events. Currently, there are 40 UCI Continental Teams registered in Asia, which is more than twice of 2009 having 17 teams. Also, a significant number of manufacturers of bicycle bags and bag-packs is present in this region. Considering all these factors, Asia Pacific regions holds potential opportunities for bicycle bags and bag-packs market. Association of manufacturers with governmental initiatives is anticipates to generate new opportunities in this region.
  • E-commerce sales channel is estimated to generate high revenue in the forecasted years for the bicycle bags and bag-packs market owing to increasing internet usage among consumers.
global bicycle bags and bag packs market share

Celebrity Endorsement to Inspire Consumer’s Buying BehaviourAn emerging trend in the bicycle bags and bag-packs market is the increasing number of key players appointing various celebrities from the field of sports and films to endorse their products, with an objective to influence consumers to adopt the same. This is winning trust of the customers and attracting them to use of bicycle bags and bag-packs instead of conventional bags.

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Who is winning?Some of the key players operating in the bicycle bags and bag-packs market are as Shimano, Inc., Giant Manufacturing Co., Ltd., Merida Industry Co Ltd., Wiggle Ltd., BROOKS ENGLAND, Recreational Equipment, Inc., Ortlieb USA, Topeak, Trek Bicycle Corporation, Velotransit, MAINSTREAM-MSX, Madden Equipment, Lone Peak Packs, Inertia Designs, Deuter Sport GmbH, and others. Several leading market players are engaged in partnership with other companies to increase their product offering across the world. Moreover, companies are engaged in celebrity endorsement and product innovation.

  • For instance, the BLS Group features famous professional cyclists such as Mariske Strauss, Nate Koch, and Jolien D’hoore as brand ambassadors.

BICYCLE BAGS AND BAG-PACKS MARKET TAXONOMYThe global bicycle bags and bag-packs market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Product Type

  • Cycle Carrier Bags
  • Bag-packs

Sales Channel

  • Offline
    • Specialty Bicycle Retailers
    • Full Line Sporting Goods Stores
    • Department & Others
  • Online

Region

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

Pet Insurance Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2029

The global pet insurance market size is expected to reach ~US$ 15 Bn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~8.5% between 2019 and 2029. According to the report, the rising number of pet ownership, increase in awareness about pet insurance and associated health benefits of pet ownership will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the pet insurance market. Some of these are:

  • The estimated value of the market was at ~US$ 4 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Regionally, North America dominates the pet insurance market globally.
  • Latin America emerges as one of key markets owing to high pet ownership in the region.
  • Dogs and Cats segment hold the highest value share in pet insurance market.
  • ‘Accident & illness’ coverage option comes out as the most preferred type of pet insurance among pet owners
  • Key players are likely to focus on new service offerings to stay relevant in developed markets.
global pet insurance market regional analysis

Growth in Pet ownership and Selling Techniques of Companies to Create Opportunity for ExpansionRise in number of companion animals, increase in awareness about pet insurance, growth in pet ownership propels the growth of the pet insurance market. The Pet health insurers offer different plan options or tiers with varying policy limits which also attracts pet owners towards pet insurance. However, high cost of pet insurance policies, lack of awareness among consumers, and government regulation limits the growth of the market. Marketing strategies adopted the insurance companies include online marketing, veterinary clinics, pet stores, shelters and animal support and rescue organizations or word of mouth referrals which also fuel the pet insurance market for further growth. Furthermore, largely untapped market with extremely low penetration rates is expected to provide numerous opportunities for the pet insurance market.

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Accident & Illness Policy Coverage Fuels Demand for Pet InsurancePet insurance which is becoming a norm of most of the developed countries. Pet insurance market is gaining traction by the accident & illness insurance policy as it provides both accident and illness coverage. Rapidly increasing consumer’s awareness on pet’s diseases, rising veterinary costs and marketing efforts of industry operators have caused consumer acceptance in the pet insurance market.

Who is Winning?Some of the leading players operating in the pet insurance market are Figo Pet Insurance LLC., Embrace Pet Insurance Agency LLC, Hartville Group, Health for Pet, Hollard, Oneplan, Petfirst Healthcare LLC, Protectaplan, Petplan Limited, Trupanion, Inc., Nationwide Mutual Insurance Company., Anicom Holdings Inc, Pethealth Inc., Royal & Sun Alliance Insurance Company of Canada, Inc., Direct Line Insurance Group plc, Petsecure, Healthy Paws, 24PetWatch etc. As a result of increasing competition, companies are focusing on expanding their product portfolio. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

  • In March 2019, CareCredit, LLC, a healthcare financing company of Synchrony Financial, had acquired a Idaho based pet insurance company Pets Bestto to expand its current product/service offering
  • In Dec 2019, MetLife Inc. had acquired Jeffersonville-based company PetFirst to enter into pet insurance market

Market SegmentationThe global pet insurance market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Policy Type

  • Accident
  • Accident & Illness

End User

  • Dog
  • Cat
  • Horse
  • Exotic Pets
  • Others

Region

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

Mini Refrigerator Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2029

The global mini-refrigerator market size is expected to reach ~US$ 1,845.0 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~5.9% between 2019 and 2029. According to the report, growing popularity of portable kitchen appliances and emerging trend of energy star certified appliances boost demand for mini refrigerator across the globe. The report offers a comprehensive view of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the mini refrigerator market. Some of these are:

  • The estimated value of the mini refrigerator market was at ~US$ 1,042.8 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Regionally, East Asia dominates the mini refrigerator market globally owing to rise in adoption of portable mini refrigerator to the outdoor activities such as fishing, camping, adventure sports, along with expanding demand for cold storage in vehicles to keep the food and beverages fresh during travel.
  • East Asia emerges as one of key markets owing to rise in per capita spending on kitchen appliances which makes mini refrigerator affordable along with increase in number of nuclear families led to increase in demand for mini refrigerator in the region.
  • Growth of online retailers’ sales channel is expected to boost the sales of mini refrigerator over the forecast period.
  • Prominent players are analyzing consumer behavior and purchase pattern to understand the current household trend.  The company’s focus remains on developing innovative products that come with minimum-maintenance requirement, as, it is one of the core objectives of having smart technology.
global-mini refrigerator market regional analysis

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Rise in Demand for High Capacity Mini Refrigerator at Commercial AreasBased on the capacity, the 4-5 cu. Ft. is expected to be the most attractive segment in the mini refrigerator market over the forecast period. Rise in demand for high capacity portable refrigerator in commercial areas such as hospitals and clinics to store drugs and medical devices that requires specific storage conditions is the primary factor expected to exhibit a significant growth in the global mini refrigerator market during the forecast period. Furthermore, unique features associated with mini refrigerator such as portability, efficient cooling temperature, and high capacity propel the global mini refrigerator market for further growth. However, 2-2.9 cu. Ft. segment is expected to expand at higher CAGR during the forecast owing to increasing demand of such products on vehicles as well as outing or some small holiday trip with such capacity.

Who is Winning?Some of the leading players operating in the mini refrigerator market are The Whirlpool Corporation, Samsung Electronics, Videocon Industries, Godrej Appliances, LG Electronics, Haier Group Corporation, Electrolux AB, Panasonic Corporation, Siemens AG, ARB Company, Highsense Infotech, Zhongke Meiling Cryogenics Co., Ltd., Danby Appliances Inc., Whynter, LLC, Engel, Koolatron Corporation, Dometic Group AB, EdgeStar Appliances Company, Midea Group, Uber Appliance Company, and others. These manufacturers are developing technological advanced products with high energy star certified products to meet growing consumer requirements as well as to have a competitor edge in the market. Moreover, collaboration with domestic distributors, strategic partnership, seeking for certifications, and enter into e-commerce platform remains a popular strategy among the prominent players in the market. Companies intend to expand their geographical footprint through mergers and acquisition.

  • In January 2020, Godrej Appliances introduced a new mini refrigerator for hotels and hospitals, to cater to the cooling requirements of the industry. Company developed innovative product to meet the growing demand of cooling device that works on advanced thermostatic technology.
  • In 2019, Haier Group Corporation launched two new vertical freezers namely Mini-Vertical Freezer ‘BD88DEM’ and Haier Premium Vertical Freezer ‘BD168WL’ in India to stock small to large variety of food items. The refrigerator is designed to reduce the problem of frost formation and provide a wide temperature range between -14 to -25 degrees.

Market SegmentationThe global mini refrigerator market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

Single Door Refrigerator
Double Door Refrigerator

Capacity

  • Less than 1 cu. Ft.
  • 1-1.9 cu. Ft.
  • 2-2.9 cu. Ft.
  • 3-3.9 cu. Ft.
  • 4-5 cu. Ft.

End-User

  • Commercial
  • Residential

Price Range

  • Economy
  • Mid-Range
  • Premium

Sales Channel

  • Wholesalers/Distributors
  • Hypermarkets/Supermarkets
  • Multi-Brand Stores
  • Exclusive Stores
  • Independent Small Stores
  • Online Retailers
  • Other Sales Channels

Region

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

Male Sex Toys Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2029

The global male sex toys market size is expected to reach ~US$ 31,699 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~7.5% between 2019 and 2029. According to the report, enhancing sexual experience and rising adoption of cutting-edge technology for development of innovative products are the major drivers for the growth of male sex toys in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the male sex toys market. Some of these are:

  • The estimated value of the market was at ~US$ 15,380 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Regionally, North America dominates the male sex toys market globally.
  • East Asia emerges as one of key markets owing to increasing use of sex toys among both men and women.
  • Growth of online sales channel is expected to boost the sales of male sex toys over the forecast period.
  • Key players are likely to focus on new product innovation such as using of increasing sound quality, noise cancellation etc. to stay relevant in developed markets.
male sex toys market regional analysis

Female Sex Toys to Witness Highest GrowthThe sex toys market is primarily dominated by male consumers. Marketing and promotion of these products are considered as one of the growth reasons. Advancement of technology and growing desire to enhance sexual experience led the market for higher sales. At present, manufacturers are currently focusing on female consumers which are expected to expand at higher CAGR owing to growing interest for sex toys among female. Moreover, availability of products mainly in online channel also boost the sales of sex toys market. The popularity of vibrators, anal beads, and penile rings has increased over the past. Growing urbanization and growing sex culture also fuel the usage of such sex toys among women.

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Who is Winning?Some of the leading players operating in the male sex toys market are Church & Dwight Co., Inc.; Reckitt Benckiser Group plc; LELO; LifeStyles Healthcare Pte Ltd; Doc Johnson Enterprises; Lovehoney Group Ltd; BMS Factory; Tenga Co., Ltd.; Fun Factory; We-Vibe. As a result of increasing competition, companies are focusing on expanding their product portfolio with new innovation. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

  • In 2017, Fleshlight launched automated masturbation machine which enhances the masturbation experience

Market SegmentationThe global male sex toys market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

  • Male Masturbators
  • Cock Rings
  • Penis Sleeves
  • Male Prostate Toys
  • Sex Doll Toys
  • Penis Enhancement Toys
  • Others

Demographics

  • Male
  • Female

Price Range

  • Premium/ Luxury
  • Mid-Range/ Economy

Sales Channel

  • Online
  • Offline

Region

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

Secondhand Apparel Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2031

Global secondhand apparel sales are expected to grow at a healthy CAGR of 11.2% during the forecast period 2021-2031, despite a period of slower growth in 2020, according to a latest study by Future Market Insights (FMI).

With the globalisation, the fashion industry considerably transformed. Changes in lifestyles as a result of industrialization, urbanisation, economic development, and globalisation have accelerated sales in the fashion industry last decade, particularly in developing countries and regions in rapid socio-economic transition.

E-commerce has transformed shopping experiences, with more than 60% of people choosing to buy products, services, and obtain commodities via the internet. Home delivery, subscription models, and other perks are major reasons for this change.

Product reviews and other features of e-commerce help merchants to study purchase patterns, and trends to create products and services that meet the needs of potential buyers. This provides useful information that retailers can use to develop effective marketing strategies.

The presence of companies such as ThredUP and Poshmark that cater to the demand for inexpensive and ecological alternatives to new clothes will push growth in the coming years. The expansion of online distribution channels also will bode well.

To retain clients, numerous fashion retailers are implementing recycling initiatives and releasing new collections of clothing made from eco-friendly fibers. Increasing consumer awareness of online resale platforms and fast-growing online start-ups offer pre-owned branded and designer goods and rental ethnic wear.

The two most common types of secondhand clothes stores are thrift stores and resale platforms. The latter is substantially contributing to recent increases. Secondhand clothing are often for being dusty and worn out, and is mostly sought for by bargain hunters.

A key factor fuelling the demand for second hand apparel is change in consumer behaviour, as they are displacing fast fashion purchases with resale.  Driven by the greater awareness about ethics and sustainability, consumers are switching to thrift as a way to drive down their impact on the environment.

Key Takeaways from the Secondhand Apparel Market Study

  • Shirts & t-shirts are expected to hold a market share 29% in 2021 owing to changing consumer preference with an expanding working woman labour force.
  • Online retailing is likely to remain a lucrative channel of distribution over the forecast period with a 18.7% CAGR owing to the wider choice of products.
  • Sub-Saharan Africa will dominate MEA accounting for more than 50% of the value share through the end of 2031, owing to the popularity of used clothes.
  • Pakistan accounts for more than 40% of secondhand apparel sales in South Asia, owing to the presence of a large lower socio-economic consumer base.
  • Guatemala leads in the Latin America accounting for over 30% value share through the forecast period.

Impact of COVID-19 on the Market:Consumers are not just buying fewer non-essential items, but they are also buying higher-quality clothing rather than cheap and disposable options. Customers have also transitioned from offline to online shopping options.

During the COVID-19 crisis, e-commerce has been dominant and retailers have invested in an online presence. Prior to the shutdown, internet retailers devised interim methods for the sales of their wares online.

The secondhand apparel market has been hampered by a labour shortage in the industry. Reduced transactions over viral transmission fears are have also caused issues in the short term.

Who is Winning?Key players in the secondhand apparel market are aiming for strategic collaborations and other marketing strategies to expand their business and attract a larger customer base.

Some of the key players present in the secondhand apparel market are ThredUp Inc., The RealReal, Patagonia Inc., Poshmark, StockX, Vinted, eBay Inc., Micolet, Thrift+, Tradesy Inc., Chikatex, HunTex Recycling Kft, A&E Used Clothing Corporation, Mobacotex, Percentil. Maroc among others.

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Secondhand Apparel Market by CategoryBy Sector:

  • Resale
  • Traditional Thrift Stores and Donations

By Product Type:

  • Dresses & Tops
  • Shirts & T-shirts
  • Sweaters, Coats & Jackets
  • Jeans & Pants
  • Others

By Target Population:

  • Men
  • Women
  • Kids

By Sales Channel:

  • Wholesalers/Distributors
  • Hypermarkets/Supermarkets
  • Multi-brand Stores
  • Independent Small Stores
  • Departmental Stores
  • Online Retailers
  • Others

By Region:

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