Golf Training Aids Market is Projected to Grow at 5.10% During Forecast Period By 2034

The global market for golf training aids is estimated to be valued at around US$ 912.7 million by 2024 and is likely to increase at a 5.10% CAGR between 2024 and 2034, reaching a value of US$ 1,501.0 million by 2034.

The increasing popularity and surging of the golf fanbase drive the demand for tech-infused training aids for golf. These tools assist golfers in refining their swings, improving their putting accuracy, and improving their overall game performance. The demand is also fueled by increased disposable incomes and golf’s appeal as a recreational activity. The ever-increase in golf courses and clubs worldwide also adds to the growth of the golf training aid market.

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The fact that golf is a popular sport worldwide significantly influences the product’s demand. Golf training aids have become a vital tool for players of all skill levels since they assist players in getting better at the game.

Numerous market players are creating cutting-edge products that employ motion tracking, sensors, and artificial intelligence (AI). The worldwide golf training market is impacted by the advancements in technology within the sports goods sector.

The growing popularity of outdoor activities, rising wages, and people’s changing lifestyles are likely to fuel market development throughout the forecast period. Prospective golfers are looking for customized training regimens that would help them progress in their game. Sports training personalization would encourage market growth.

A growth in golfers are utilizing online learning environments that include a range of educational films, practice sessions, and assessments. Expanding online sports training courses is projected to increase global market profits.

Key Takeaways from the Golf Training Aids Market:

  • The United States golf training market is increasing at a CAGR of 5.0%.
  • China’s golf training aids market is projected to grow at a rate of 5.3% until 2034.
  • During the forecast period, Germany’s golf practice gear market is expected to achieve a CAGR of 5.2%.
  • India’s golf training aids market is anticipated to expand at a CAGR of 5.4% over the projected period.
  • The market for golf gear in Australia is dominating the global market at a 5.6% CAGR.
  • The sporting goods market was estimated to be dominated by hitting nets, with a market share of 37.10%.
  • The online distribution segment is expected to hold a market share of 17.70%.

Key Strategies:

The competition for the golf training aids market is intense, where companies are enhancing the training methods using high-quality and tech-infused products. Established and small-sized firms are innovating their products to make them more convenient for beginners. Many companies use social media platforms to focus on organic market expansion and brand recognition. Moreover, partnerships, acquisitions, and collaborations remained the primary growth strategies for key players.

Recent Developments:

  • With the release of Bentley’s new Techline golf collection, the company is focusing on expanding its reach as a lifestyle brand. The collection comprises clubs, baggage, and several pieces of playing equipment.
  • Rappaport Golf introduced the Rappaport Golf Swing Analyzer in November 2023, a software platform that leverages AI-powered swing analysis to provide golfers with actionable insights and tailored practice recommendations.
  • Under Armour debuted The UA Charged Draw 2 Spikeless Golf Shoes in October 2023. Because these shoes are spikeless, they can be worn on any golf course.

Key Companies in the Golf Training Aids Market

  • TaylorMade
  • SkyTrak, LLC.
  • OptiShot Golf
  • PING
  • Foresight Sports
  • SRI Sports
  • PuttOut
  • Mizuno
  • Amer Sports
  • Acushnet
  • Bridgestone
  • Bagboy
  • Nike
  • Adidas
  • PUMA
  • Under Armour
  • SKLZ
  • Club Champ
  • The ProActive Sports Group
  • Callaway

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Market Segmentation

By Product:

  • Hitting Mats
  • Hitting Nets
  • Putting Mats
  • Strength Trainers
  • Swing Trainers
  • Training Putters
  • Others

By Application:

  • Commercial
  • Household/Personal

By Age:

  • Below 20 years
  • 20 to 40 years
  • 40 years and above

By Sales Channel:

  • Online
    • E-commerce website
    • Company website
  • Offline
    • Supermarket/Hypermarket
    • Brand Stores
    • Camping Goods Stores

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Hair Wig and Extension Market Projected to Surpass USD 15,270.30 Million by 2034 | FMI

By 2034, the global hair wig and extension market is forecasted to exceed a valuation of USD 15,270.30 million. Currently, in 2024, the market stands at USD 7,340.50 million, with a projected Compound Annual Growth Rate (CAGR) of 7.60% expected through 2034.

The expansion of the market has been driven by the industry’s adaptation to diverse beauty standards and the demand for inclusive product offerings. Acknowledging the varied preferences of consumers, brands are prioritizing the provision of extensive options, catering to different hair types, colors, and lengths. With the increasing prevalence of online shopping and e-commerce platforms, wigs and extensions are now easily accessible globally. The convenience of online browsing and purchasing, coupled with a broader product selection, has fueled market growth by reaching individuals seeking such products locally.

Gender-neutral wig designs are gaining traction in the hair wig and extension market, challenging old standards. Companies that use this strategy realize the changing landscape of gender identification and strive to offer adaptable styles that appeal to a broader range of consumers. This approach makes firms forward-thinking and inclusive, adapting to shifting cultural attitudes and customer expectations.

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Gender-neutral design not only broadens market reach but also helps to improve brand impression and client loyalty. This calculated move honors cultural history while also appealing to a market niche seeking representation and authenticity in their cosmetic goods. Companies that identify with multiple cultural narratives improve their brand image, create inclusion, and gain the loyalty of a consumer base that appreciates items that represent their distinct cultural identity.

Key Takeaways from the Hair Wig and Extension Market Report:

  • In 2023, the global market size stood at US$ 6,784.20 million.
  • The wig product type segment occupied 73.70% of the market shares in 2024.
  • The human hair segment captured 67.90% of the market share in 2024.
  • The hair wig and extension market in the United States is projected to rise at a 4.20% CAGR through 2034.
  • The market in India is anticipated to develop at an 11.00% CAGR through 2034.
  • The hair wig and extension market in China is estimated to surge at a 10.30% CAGR through 2034.
  • The market size in Australia is expected to thrive at a 6.80% CAGR through 2034.

Key Players in the Hair Wig and Extension Market

  • Evergreen Products Group Limited
  • Godrej Consumer Products Ltd.
  • Artnature Inc.
  • Aderans Co., Ltd.
  • Donna Bella Hair
  • N. Longlocks
  • Aleriana SRL
  • Klix Hair Extensions
  • Indique Hair
  • Shake-N-Go, Inc.

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Competitive Landscape

The market for hair wigs and extensions is highly competitive, with a dynamic mix of well-known industry leaders, specialized companies, e-commerce dynamics, technical advancements, tactical alliances, and an increasing focus on moral and environmentally friendly business practices. This growing industry is dynamic and competitive because customer preferences change, and technology is constantly integrated.

Recent Developments Observed by FMI:

  • In July 2023, BELLAMI, the worldwide leader in the hair extension market, will launch BELLAMI Professional Hair Care, the world’s first professional-grade hair extension care collection for in-salon and at-home use.
  • HairOriginals, one of India’s top natural hair extension producers, announced the launch of a new hair app aimed at end-users, salons, and stylists in October 2022. The app is designed to establish a community based on hair extension items and services and is available for iOS and Android users.

Hair Wig and Extension Market Segmentation

By Product Type:

  • Wigs
  • Extensions

By Hair Type:

  • Synthetic Hair
  • Human Hair

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific (APAC)
  • The Middle East & Africa (MEA)
  • Japan

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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North American Fire Pit Industry: Blazing a Trail of Growth at a CAGR of 6.4% by 2034

The demand for fire pits in North America is estimated to be US$ 9,034.5 million in 2024. The fire pit industry is expected to grow at a CAGR of 6.4% from 2024 to 2034. By 2034, the sales value of fire pits in North America is estimated to reach US$ 16,800.3 million.

North America has many regions that are shrouded in cold for most of the year. Thus, fire pits have an easy point of entry in the region. North America also has a burgeoning barbecue culture. In addition, other outdoor gatherings in homes are also increasing in prevalence. Thus, fire pits are being sought by consumers in North America.

The rising disposable wealth in the region is another boon for fire pit sales. As a result of rising disposable wealth, living standards are increasing and homes with more outdoor spaces are being bought. Fire pits are becoming commonplace as an adornment to North American homes. Consumers are also thrilled to sit by fire pits when working from home.

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Many people in North America are averse to fire pits due to the smoke caused by the products, harming the environment. Producers of fire pits are taking the distaste of environmentally-conscious people into consideration. There has thus been an increase in the production of eco-friendly fire pits. Smokeless fire pits are one way through which producers limit the damage caused to the environment by fire pits.

Key Takeaways from the Study:

  • In 2024, the fire pit demand is estimated to be US$ 9,034.5 million in North America.
  • By 2034, the valuation of the North America fire pit industry is projected to reach US$ 16,800.3 million.
  • Wood burning fire pits are the widely used product type in North America. In 2024, the wood burning segment is expected to account for 52.6% of the industry share by product type.
  • Classic fire pits are still preferred by people in North America. In 2024, the classic segment is expected to contribute to 38.7% of the industry share by type.
  • The United States industry is anticipated to register a CAGR of 3.5% over the forecast period.

Competitive Landscape

Developing eco-friendly products is a prime concern for many industry players, with investments in research and development activities. Publicity is being done with the help of celebrity endorsements. Manufacturers are also concentrating on customer convenience, thus coming up with products like portable fire pits. Key companies in the fire pit landscape include The Outdoor GreatRoom Company LLC, Fire Pit Art, Breeo Industries LLC, Solo Stove (Solo Brands), and Tropitone Furniture Co., Inc.

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Recent Developments

  • In November 2023, Solo Stove’s collaboration with rapper Snoop Dogg was announced with an innovative advertising campaign.
  • In August 2023, the fashionable Quadro Fire Pit was launched from FlameCraft.
  • In February 2023, the Reunion Fire Pit from TIKI Brand was launched. It boasts of having an ashtray and weatherproof exteriors.

North America Fire Pit Industry Segmentation:

By Product Type:

  • Wood Burning
  • Propane
  • Charcoal
  • Gas
  • Others (Ethanol, Gel-Fueled)

By Type:

  • Classic Fire Pit
  • Fire Table
  • Fire Pit Bowls
  • Tabletop Fire Pits
  • Chiminea
  • Others (Ring, Pagoda, Column)

By End User:

  • Indoor
  • Outdoor

By Sales Channel:

  • B2B
  • B2C

By Country:

  • United States
  • Canada

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Camping Furniture Market Anticipated to Grow at 4.80% CAGR During Forecast Period By 2034

In 2024, the global camping furniture market is expected to hit approximately US$ 264.2 million. Between 2024 and 2034, it’s projected to grow at a Compound Annual Growth Rate (CAGR) of 4.80%. By 2034, it’s anticipated to reach a valuation of US$ 422.2 million.

Glamping Provides Novel Prospects for Market Growth

  • The rising trend of glamping, or luxury camping, is creating fresh commercial opportunities within the camping furniture market.
  • Glamping destinations often feature upscale furniture, elevating the camping experience to a more comfortable and luxurious level.
  • Establishments investing in glamping initiatives are implementing policies and strategies to promote luxury camping, thereby stimulating demand for high-quality camping furniture.
  • This trend not only enhances the overall camping industry but also presents new avenues for market participants to explore and capitalize on.
  • By catering to the growing demand for luxury camping experiences, businesses can tap into a niche market segment and differentiate themselves in the competitive landscape.

The global camping furniture market is primarily driven by the rising participation in camping and outdoor recreational activities, particularly among millennials. Such a trend reflects a growing interest in experiencing the great outdoors and enjoying the natural environment. Moreover, governments, particularly in developed countries, have proactively promoted and supported camping activities. These initiatives include implementing policies and programs encouraging people to engage in camping adventures.

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The availability of various innovative product designs, such as adaptable and comfortable tables and seats, is driving up the global market for camping furniture. Customers’ preferences have been shifting in favor of contemporary and innovative furniture. Manufacturers strongly emphasize making durable, multipurpose furniture to gain a competitive edge. The demand from manufacturers of lightweight and portable camping gear for reasonably priced and ecologically friendly raw materials, such as aluminum, wood, and recycled plastic, has increased.

The market expansion is expected to be driven by people’s changing lifestyles, rising earnings, and the growing popularity of outdoor activities, including rock climbing, kayaking, fishing, and camping. However, one of the key challenges for campers is using furniture in wet and monsoon seasons. Thus, this may present opportunities for market players to develop monsoon-friendly furniture such as wood-carved or swing furniture. The COVID-19 pandemic caused travel and outdoor activities to be suspended and witnessed a drop in the sector by around 70%. However, after 2020, a significant increase in travel and tourism has been seen due to digitization and normalization of traveling.

Key Takeaways from the Camping Furniture Market:

  • The United States camping market is increasing at a CAGR of 2.6%.
  • China’s adventure furniture market is projected to grow at a rate of 6.5% until 2034.
  • During the forecast period, Germany’s folding campsite gear market is expected to achieve a CAGR of 4.1%.
  • India’s camping furniture market is anticipated to expand at a CAGR of 7.0% over the projected period.
  • The market for camping gear in Australia is growing at a 4.3%.
  • The outdoor furniture market was estimated to be dominated by chairs and stools, with a market share of 47.9%.
  • The offline distribution segment is expected to hold a market share of 68.90%.

Key Strategies:

There is fierce competition in the market, with companies vying for customers’ attention with innovative and high-quality products. Season-friendly furniture is a very fragmented industry with many small and medium-sized players. These companies often focus on specific service or product categories within a given market. Many businesses focus on organic business development via product launches, approvals, and other things like patents and events. The inorganic growth techniques employed worldwide were partnerships, acquisitions, and collaborations.

Recent Developments:

  • Adventure furniture manufacturer EXPED debuted a new model in their EXPED MegaMat line in November 2023. The sleeping pad is a durable, well-insulated, comfortable vehicle camping mattress for mid-size cars.
  • The German company Owomo created the build-your-own camper/base camp method in November 2023, using plywood panels as lids for regular boxes.

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Market Segmentation

By Product:

  • Chairs and Stools
  • Tables
  • Cots
  • Hammocks
  • Others

By Materials:

  • Metal
  • Wood
  • Plastic
  • Textile
  • Others

By Distribution Channel:

  • Online
    • E-commerce website
    • Company website
  • Offline
    • Supermarket/Hypermarket
    • Brand Stores
    • Camping Goods Stores

By Region :

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Revenue in North America to Total USD 6,377.4 Million by 2034 Amid Rising Awareness about the Benefits of Yoga and Meditation Services

The North America yoga & meditation service revenue is expected to rise from USD 1,333.1 million in 2024 to USD 6,377.4 million by 2034. Demand for yoga and meditation services in North America is set to increase at a 16.9% CAGR during the assessment period.

Multiple factors are expected to drive the growth of the North America yoga & meditation domain through 2034. These include rising awareness about the multiple benefits of yoga and meditation and the availability of online platforms and apps providing classes in yoga and meditation.

In recent years, there has been a notable cultural shift toward embracing mindfulness practices for both physical and mental well-being. This paradigm shift is propelling a collective recognition of the positive impact that yoga and meditation can have on health, stress management, and quality of life.

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Yoga and meditation are gaining widespread popularity across North America’s nations. This is because people want to manage stress, improve mental well-being, and maintain a healthy lifestyle.

A significant driver of this trend is the accessibility afforded by online platforms and mobile applications that provide convenient access to a variety of yoga and meditation classes. The proliferation of online platforms is making yoga and meditation services available to a wider audience at any location.

The diverse range of classes and styles offered through online platforms caters to individuals of varying skill levels, preferences, and schedules. This diversity ensures that yoga and meditation are no longer confined to specialized studios or specific demographics but are accessible to a broad spectrum of individuals.

The rise of wearable technology and health-tracking apps will also fuel demand for yoga and meditation services. This is because individuals today increasingly prioritize preventive healthcare and holistic well-being.

Key Takeaways from the Study

  • The North America yoga & meditation service revenue is set to total US$ 6,377.4 million in 2034.
  • Demand for yoga and meditation services in North America is set to rise at a 9% CAGR through 2034.
  • Based on service type, the sleep tracking and monitoring apps segment is projected to expand at a CAGR of 1% through 2034.
  • By end-user, the residential segment is poised to thrive at a 4% CAGR between 2024 and 2034.
  • Canada is expected to register a CAGR of 3% from 2024 to 2034.
  • The United States domain value is set to increase at a 1% CAGR through 2034.

Competitive Landscape

Key yoga & meditation service providers listed in the report include Headspace Inc., Calm.com, Insight Timer, Gaia, Inc., Yoga International, The Chopra Center, YogaWorks, Mindvalley, DoYouYoga, Yoga Alliance, Daily Burn, Glo (formerly YogaGlo), YogiApprovedYoga Download, and MyYogaWorks among others.

Key players are focusing on offering different services to customers across North America and other regions. They are also employing strategies such as partnerships, mergers, acquisitions, and collaborations to expand their footprint.

  • In 2022, Down Dog introduced Down Dog 5.0, a big update to its core yoga app.

Key Players Are:

  • Headspace Inc.
  • Calm.com
  • Insight Timer
  • Gaia, Inc.
  • Yoga International
  • The Chopra Center
  • YogaWorks
  • Mindvalley
  • DoYouYoga
  • Yoga Alliance
  • Daily Burn
  • Glo (formerly YogaGlo)
  • YogiApproved
  • Yoga Download
  • MyYogaWorks
  • Others (As per Request)

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Future Market Insights (FMI) offers historical demand data (from 2019 to 2023) and forecast statistics for the period from 2024 to 2034 in its latest offerings. The report provides insightful information on the North America yoga & meditation service domain based on service type, end-user, and country.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Laptop Carry Case Market: Poised for Growth at a Steady 6.80% by 2034 | FMI

The global laptop carry case market is poised for significant growth, with a projected valuation of US$ 3,481.10 million by 2034, reflecting a steady 6.80% Compound Annual Growth Rate (CAGR). This presents a compelling opportunity for industry decision-makers to capitalize on this flourishing market.

Key Drivers Fueling Market Expansion:

  • Soaring Demand Across Corporate and Educational Sectors: The digitalization wave sweeping across industries is a primary driver. As laptop usage in corporate and educational settings surges, the need for stylish and protective carrying cases follows suit.
  • Shifting Consumer Preferences: Consumers are increasingly seeking lightweight and elegantly designed laptop carry cases. This trend, particularly prominent among corporate professionals, presents a chance to develop innovative and aesthetically pleasing products that cater to a discerning clientele.
  • Convenience of Online Retail: The rise of online retailers has revolutionized accessibility, making it easier than ever for consumers to purchase laptop carry cases regardless of location. This trend creates a wider sales channel for businesses to tap into.

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The rising popularity of carry cases for protecting laptops and tablets while traveling is projected to boost market development. Customers seek sleek and functional laptop carry bags with convenient features like drink holders and charging connections when fashion and technology consciousness grows.

The growing acceptance of laptops as popular devices worldwide, the light weight of the bags, and the ease of carrying them are vital reasons driving the market’s growth.

Customers’ rising fashion and brand sensitivity, as well as their growing awareness of the visual attractiveness of laptop carry cases, drive demand for laptop carry cases. The availability of replacements, on the other hand, may hamper market development during the next decade.

With the global COVID-19 pandemic, much of the population has begun utilizing remote and hybrid working methods. The majority of individuals started working alone to stop the spread. This has significantly influenced the sales of laptop-carrying cases in addition to computers. Customizing the laptop carrying bag gives the goods a sophisticated appeal that boosts sales in the market.

One of the critical elements favoring a good market outlook is the enormous expansion of the information technology (IT) industry worldwide. High-performance laptops are becoming increasingly significant in various fields, including education, automotive, manufacturing, and medicine, due to rising digital convergence. Businesses quickly embrace bring-your-own-device (BYOD) trends to streamline operations, propelling the laptop carry case market forward.       

Key Takeaways from the Laptop Carry Case Market:

  • The United States laptop bags market is increasing at a CAGR of 3.70%.
  • China’s laptop case market is projected to grow at a rate of 9.20% until 2034.
  • During the forecast period, Germany’s laptop carrier market is expected to achieve a CAGR of 5.80%.
  • During the forecast period, India’s laptop carry case market is expected to record a CAGR of 9.90%.
  • The laptop carry case market was estimated to be dominated by backpacks, with a market share of 65.20%.
  • The online retail distribution segment is expected to hold a market share of 13.80%.

Key Strategies:

The laptop carry case industry is very competitive worldwide, with manufacturers always striving to expand their client base and penetrate new areas. Laptop case companies utilize various strategies to maintain and increase their market positions, including partnerships and alliances, mergers and acquisitions, product releases, worldwide growth, and other tactics. Laptop carrier designers employ a variety of tactics to stay one step ahead of the competition and meet the demands of clients in diverse markets.

Recent Developments:

  • In case, a manufacturer of backpacks introduced the ‘Design Your Own’ program, allowing users to make personalized laptop carry cases, in August 2023.
  • In May 2022, Hermès introduced a laptop bag made of box calf leather, an Oran Laptop bag.

Key Companies in the Laptop Carry Case Market

  • Samsonite International S.A.
  • Targus
  • ACCO Brands
  • SWISSGEAR
  • ASUSTeK Computer Inc.
  • Fabrique LTD.
  • Thule Group
  • Sanwa Supply Inc.
  • Lenovo
  • Belkin International, Inc.
  • Vitec Imaging Solutions Spa
  • Safari Inc.
  • Fjallrven

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Market Segmentation

By Product:

  • Backpacks
  • Messenger Bags
  • Laptop Sleeves
  • Briefcase
  • Rollers

By Distribution Channel:

  • Online Retail
    • E-commerce website
    • Company website
  • Offline Retail
    • Supermarket/Hypermarket
    • Brand Stores

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Nisin Demand Expected to Surge with 7.3% CAGR, Forecasting Sales Over USD 164.7 Billion by 2032

As per Future Market Experiences (FMI), the worldwide nisin market arrived at USD 83.2 Million in 2022 and it is normal to contact a valuation of USD 164.7 Million by 2032. Generally, deals of nisin are projected to increment at a CAGR of 7.3% during the figure time frame.

Developing a tendency toward regular food additives and rising interest in bundled, pre-handled, and frozen food sources are key elements impelling the worldwide nisin market forward. Nisin has turned into an ideal regular food-added substance utilized for forestalling microbial development and extending the time span of usability of items. Consequently, it removes the requirement for heat disinfection of bundled food items before saving them.

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With developing worries about the negative well-being impacts of compound additives, customers are moving their inclination towards normal ones like nisin. This will go about as an impetus setting off the development of the nisin market.

Also, developing the prevalence of canned food items and expanding utilization for protecting dairy things, meat, drugs, refreshments, bread kitchen, and so on, will help deals of nisin during the conjecture time frame.

Nisin is a brilliant additive for temperature-touchy food varieties, for example, dairy and frozen food sources since it kills the requirement for heat sanitization. Therefore, nisin, as a profoundly successful and totally safe normal additive, is popular across various food item businesses.

Key Focal points from Nisin Market

  • In view of type, the powder section is probably going to hold a significant portion of the worldwide nisin market toward the finish of 2032.
  • By application, the meat portion is supposed to develop at a higher CAGR during the gauge time frame.
  • The U.S. at present holds around 38.5% of the worldwide nisin market and showing moderate development during the following decade is ready.
  • Germany holds around 6.1% portion of the worldwide nisin market.
  • China’s nisin market is supposed to develop at 10.4% CAGR during the estimated time frame somewhere in the range of 2022 and 2032.

Competitive Landscape

The nisin industry’s competitive environment is intricate and continually evolving. Major manufacturers of nisin products are employing diverse strategies to enhance their market presence and gain a competitive advantage. These strategies include launching new products, forming alliances through mergers and partnerships, acquiring other companies, expanding their facilities, and investing heavily in research and development.

For instance,

  • In 2021, DuPont Nutrition & Biosciences launched NovaGARD® NR 100-G, a synergistic blend of two natural ingredients i.e., nisin and rosemary, in the Middle East and Africa. The new antimicrobial and antioxidant solution is effective against gram-positive bacteria and spores and therefore will help end users protect the quality of their products.
  • In January 2022, DSM launched a new integrated Food & Beverage business group to provide a full range of taste, texture, and health solutions to several end users.

Key Companies Profiled

  • DSM
  • Galactic
  • Shandong Freda Biotechnology
  • Siveele B.V.
  • DuPont
  • Handary S.A.
  • Cayman Chemical
  • Chihon Biotechnology
  • Amtech Biotech
  • Zhejiang Silver-Elephant Bioengineering
  • Mayasan Biotech

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Nisin Industry Segmentation by Category: –

By Type:

  • Powder
  • Liquid

By Application:

  • Meat
  • Beverage
  • Bakery Product
  • Canned Product
  • Dairy Product

By Distribution Channel:

  • Online
  • Offline

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Eastern Europe
  • Western Europe
  • Japan

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Animal Feed Market Outlook: From USD 530 Billion in 2023 to USD 929 Billion by 2033 with a 7.3% Annual Growth Rate

According to Future Market Insights (FMI), the global animal feed industry is set to be valued at USD 530.0 billion in 2023. It is anticipated to reach USD 929.0 billion by 2033. Over the next ten years, global animal feed demand is likely to increase at a CAGR of 7.3%.

The growing global population has intensified the demand for animal protein, leading to increased production of livestock and poultry. As more people join the middle class and adopt meat and dairy-rich diets, the need for animal feed has surged to keep pace with this heightened demand.

The increasing demand for animal feed is driven in part by economic growth in emerging markets. In countries like China, India, and Brazil, rising industrialization and urbanization are leading populations to seek more diverse diets. Consequently, the growing preference for meat has heightened the need for animal feed.

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The expansion of aquaculture has significantly boosted the demand for animal feed. As the global appetite for seafood grows, fish farming has become increasingly popular to meet this rising demand.

For fish to grow optimally, their feed must be rich in nutrients. As aquaculture advances, there is a growing need for specialized feeds tailored to different species.

Advancements in animal nutrition research have highlighted the benefits of custom diets for livestock and poultry. Farmers and producers are increasingly recognizing the importance of providing balanced, high-quality feed to enhance animal health, growth rates, and product quality. This awareness has driven a trend towards more sophisticated feed formulations, leading to a rising demand for specialty feed products.

Global demand for animal feed is on the rise, in part due to the ongoing expansion of the pet food sector. Demand for premium pet food has soared as more people acquire pets and cherish them as beloved family members.

Key Takeaways from this Market Report:

  • The global animal feed industry elevated at a CAGR of 6.1% from 2018 to 2022.
  • The United States animal feed industry is projected to witness a considerable CAGR of 6.3% in the next ten years.
  • China animal feed industry is anticipated to reach a valuation of US$ 101.6 billion by 2033.
  • The United Kingdom animal feed industry is likely to register a CAGR of 5.4% from 2023 to 2033.
  • By source, the plant-based segment is projected to hold the most prominent animal feed market share in 2033.

Who is winning?

Leading companies are placing a strong emphasis on quality assurance in the global animal feed industry. They are doing this by putting strict testing and quality control procedures into place at every stage of the manufacturing process.

They are further gaining certificates such as good manufacturing practices (GMP) or quality certifications for the production of organic or non-GMO feed. The credibility and confidence of customers can be increased with this tactic.

Brands might additionally distinguish their animal feed products by providing distinctive formulas, specialist ingredients, or particular advantages catered to certain animal species. They can differentiate themselves in the market and satisfy particular needs thanks to this tactic.

In order to address the rising demand for ecologically friendly products, numerous animal feed companies might implement sustainable and eco-friendly procedures. They can use less waste, water, and energy while obtaining materials from sustainable agriculture.

For instance,

  • Evonik declared its intention to release an improved version of Biolys in May 2023. It would be a reliable source of lysine for animal feed. Clients will be able to more efficiently meet the essential amino acid L-lysine needs of their animals.

Key Companies Profiled are:

  1. DSM N.V
  2. BASF SE
  3. Parry Nutraceutical
  4. Fuji Chemical Industries Co
  5. Divi’s Laboratories
  6. Piveg, Inc
  7. Fenchem Biotek Ltd.
  8. Alga technologies
  9. Cyanotech Corporation
  10. Zhejiang NHU Co., Ltd.

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Market Outlook by Categorization:

By Species:

  • Poultry (Commercial)
  • Backyard Poultry
  • Ruminants (Cattle, Sheep, Goats)
  • Swine
  • Equine

By Form:

  • Wet/Moist Food
  • Dry Kibble
  • Semi-moist Food
  • Frozen
  • Freeze-dried Food

By Source:

  • Plant-based
  • Animal-based
  • Micro-organisms

By Sales Channel:

  • Direct Sales
  • Indirect Sales
  • Modern Trade
  • Animal Feed Stores
  • Veterinary Clinics
  • Online Retailers

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Steady Growth Ahead: Global Sodium Silicate Market to Expand at 3% CAGR Through 2029

 

The global sodium silicate market is projected to experience gradual growth, with an estimated compound annual growth rate (CAGR) of 3% from 2019 to 2029. This steady expansion reflects the ongoing demand for sodium silicate across various industries, including detergents, construction, and water treatment. As industries continue to leverage sodium silicate for its diverse applications, such as in the production of silica gel and as a binding agent in cement, the market is expected to maintain a consistent growth trajectory throughout the forecast period.

Sodium silicate manufacturers can earn profitable revenues by leveraging opportunities presented by prevalence of environment efficient rubber tires, wastewater treatment, and soil stabilization. Market players are developing products for untapped industries such as welding, agriculture, and food.

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Key Takeaway of Sodium Silicate Market Study

  • The Sodium Silicate market was valued at USD 5.6 Billion in 2018 growing at a lackluster CAGR during the forecast period.
  • Asia Pacific (APAC) holds a major market share with more than 53% of the total market value. India, a developing economy in APAC is expected to grow at a promising 5% CAGR from 2019 to 2029.
  • Amid resurgent infrastructure industry and growing demand for green-alternatives, demand from the US will grow at an astounding 12% CAGR through the end of 2029.

Developing economies such as India, Indonesia, and South Korea are investing in infrastructure development. Sodium silicate is an ideal binder for sustainable construction practices. Market players must leverage this opportunity and procure profitable revenues for the forecast period.

Infrastructure Impels Future Demand Growth

Major manufacturers of sodium silicate are involved in research and development of products, mergers, acquisitions, and expansion of global footprint via strategic stakeholder partnerships. APAC reigns supreme with share-wide dominance, attributable to surge in demand for end-use industry products that employ sodium silicate such as rubber tires, water treatment, and construction. North America offers lucrative growth opportunities where the US exhibits a double digit 12% CAGR during the forecast period.

Recovering infrastructure in the US propels regional growth during the forecast period. European countries such as Germany is driven by increasing demand for compound in pulp & paper, healthcare, and elastomer filler for rubber tires. Emerging economies in Latin America and MEA are following the footsteps of early adopters with infrastructure development and proactive environmental consciousness.

Sodium Silicate Market Key Players

Prominent companies in the sodium silicate market include American Elements, J.M. Huber Corporation, MALPRO SILICA PRIVATE LIMITED, PPG Industries, Qingdao Dongyue Sodium Silicate Co Ltd, Zaclon, Shijiazhuang Shuanglian Chemical Industry, Tokuyama Corporation, BASF SE, Nippon Chemical Industrial, Evonik Industries AG, and IQE Group.

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Sodium Silicate Market: Segmentation

By Application

  • Silica Manufacturing
  • Detergents
  • Catalysts
  • Pulp & paper
  • Elastomers
  • Food & healthcare
  • Others (coating, agriculture, etc.)

By Region

  • North America
  • Latin America
  • Europe
  • MEA
  • Asia Pacific

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Tire Materials Market Poised for USD 99.99 Billion Opportunity by 2028, Driven by Shift Toward Sustainable Green Tires

Tire Materials Market
Tire Materials Market

The global tire materials market is poised to generate an incremental opportunity of USD 99.99 billion by the end of 2028, driven by a growing shift towards the production of sustainable green tires. This trend is being propelled by increasing consumer awareness about environmental issues and stringent government regulations aimed at reducing carbon emissions. The adoption of eco-friendly materials and innovative manufacturing processes is expected to play a crucial role in market expansion, as manufacturers strive to meet the demand for high-performance, durable, and environmentally sustainable tire solutions. This focus on sustainability is anticipated to significantly enhance market growth and transform industry dynamics over the forecast period.

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Silica to Witness an Upsurge in Demand with Increasing Production of Green Tires

Synthetic rubber and fillers used in automotive tires have significantly changed over the past decade. Attributing to the rising environmental concerns, many regions have formed regulations that mandate tire labeling. The implementation of labeling initiatives and growing environmental concerns have led to an increase in the production of high-performance tires or green tires.

Regulatory bodies have also laid incentives for manufacturers and consumers with a preference for performance tires. Due to the adoption of green technology, silica is extensively being used as a filler material as an effective replacement for carbon black in the recent years.

The adoption of silica in the production of green tires has reduced CO2 emissions almost by 7% and increased fuel efficiency. Thus, increasing focus towards the reduction of carbon footprint and greenhouse gas effects is driving the demand for silica in tire production.

Increasing Automotive Production and Ever-rising Size of Vehicle Fleet to Boost the Tire Materials Market

Tires are a vital part of the automotive industry and thus, the production and sales of vehicles directly affect the dynamics within the tire industry. Increasing automotive production in emerging economies has been driving the demand for tires from OEM manufacturers, which has led to an increase in tire production activities.

Growing tire production is driving the demand for tire materials. In a vehicle, a tire is one such part that must be replaced frequently, after every 2-3 years. A tire experiences maximum wear and tear. Further, it is estimated that in FY2017, the global vehicle parc was about 1.3 Billion.

Thus, it can be easily concluded that the growing vehicle parc and production will augment the market of automotive tires. Expansion of the tire industry is expected to fuel the demand for tire materials while the growing fleet size will add to tire replacement activities and indirectly influence the demand for tire materials.

Increasing middle-class population, coupled with rising urbanization in developing countries, is expected to increase the number of vehicle owners as many people will be able to afford vehicles. Apart from this, the increasing youth population has also led to an increase in the sales of automotive, which is a positive sign for the tire materials market.

Also, changing lifestyle and increased standard of living have increased the adoption of high-performance tires as well as branded tires, which is expected to positively impact the tire materials market. The increasing number of vehicle owners will push the growth of both OEM as well as aftermarket segments and thus, the growing demand for tires is expected to boost the tire materials market in the coming period.

East Asia will Become a Prominent Regional Market for Tire Materials

The global tire industry has been witnessing a shift in tire manufacturing activity, with East Asia and South Asia accounting for more than 50% of tire manufacturing facilities. Easily available raw materials, economic & political stability, and availability of skilled & cheap labor have attracted key tire manufacturers to invest in East Asia and South Asia.

China and Japan are prominent tire manufacturing countries wherein China is estimated to be the leading tire producer and the presence of companies such as Bridgestone Corporation and Yokohama Rubber Company makes Japan a promising tire manufacturing country, owing to which East Asia is estimated to be the prominent market for tire materials.

North America and Europe tire industries are estimated witness a slowdown in the coming years, due to the increasing competition from Chinese tire manufacturers and their low-ranged products.  However, North America and Europe are anticipated to be potential markets for tire materials, owing to the predominance of key tire manufacturers in the region.

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Top Players

Solvay SA, Lanxess AG, Exxon Mobil Corporation, JSR Corporation, Cabot Corporation, Birla Carbon, and Evonik Industries AG are among the key players identified in the tire materials market.

Tire Materials Market by Category

By Material Type:

  • Natural Rubber
  • Synthetic Rubber
  • Fillers
  • Process Chemicals
  • Steel Cords
  • Textile Cords

By Tire Types:

  • Solid Tire
  • Pneumatic Tire
  • Retreated Tires

By Vehicle Types:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Wheelers

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube