Market Research Blog

During the forecast period, the global curling irons market is expected to advance at a CAGR of 7.1%. In 2023, the market size is estimated to be at USD 2,471.5 million, with the valuation expected to surge beyond USD 4,918.2 million by 2033.

Key factors

• Technological advancements drive innovation and improvement in various industries, leading to the development of new products with advanced capabilities.
• New product launches with enhanced features and functionalities contribute to market growth and consumer interest, as they offer improved performance and user experience.
• The growing influence of social media platforms plays a significant role in shaping consumer preferences and purchasing decisions, as users rely on social media for product recommendations, reviews, and trends.

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With rapid urbanization, there has been a surge in the disposable income. This has led to people investing huge amounts in order to improve their personalities. This has led to the massive growth of personal development market which is expected to be valued at US$ 49 billion in 2023. This as well is expected to increase the demand for curling irons in the future.

The manufacturers are investing in the latest technology, and research and development in order to develop smaller, lighter and robust curling irons. This may even lead to the reduction of the overall cost.

Key Takeaways:

• In 2023, the valuation is expected to be US$ 2,471.5 million.
• The market is projected to record a CAGR of 7.1%.
• By 2033, the numbers may breach US$ 4,918.2 million.
• On the basis of regional analysis, North America is expected to be the dominant market.
• The United States held a market share of 80.4% in North America region.
• Germany held a market share of 18% in Europe region.
• China held a market share of 39.7% in Asia Pacific region.
• Japan held a market share of 39% in Asia Pacific region.
• India held a market share of 25.9% in Asia Pacific region.
• Australia held a market share of 64%.
• On the basis of sales channel, the hypermarket/supermarket was highly sought-after segment, and held a market share of 45.1%.
• On the basis of application, the commercial segment held the leading position, and had market share of 72.5%.

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Competitive Landscape

The key players operating in the market are investing heavily on mergers and acquisitions. This may give them an edge in terms of market share. Moreover, the manufacturers are also making use of green materials in order to work towards sustainable development. The manufacturers are also entering into strategic collaboration in order to access new forms of technology. The key players are also bringing onboard the C-level executives who have been a part of the market for decades. This is done to implement newer strategies and garner higher market share.

Other key players profiled: Conair Corporation, Helen of Troy, Curlingiron.org, Lunata Beauty, Dyson, Revlon, Inc., Andis Company

In November 2022, Philips debuted its new AI-enhanced informatics solutions to increase diagnostic confidence with intelligence at every step of the radiology workflow at RSNA.

The projected value of the portable fridges market is estimated to reach US$ 1,813.6 million by 2023 and is anticipated to increase to US$ 3,385.9 million by 2033, with sales expected to experience substantial growth at a compound annual growth rate (CAGR) of 6.4% throughout the forecast period.

Explosive Growth Across Sectors:

• Healthcare: Hospitals and clinics require high-capacity portable fridges for temperature-sensitive medication and equipment, driving significant demand.
• Logistics: The need for cold storage in commercial trucks is skyrocketing, creating a massive market for portable solutions.
• Smart Homes: Automation trends are fueling the need for portable fridges that integrate seamlessly with smart home systems.

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Beyond Niche Uses:

• Compact Living: Portable fridges offer a space-saving solution for apartments, mobile homes, and RVs.
• Hospitality: Hotels and offices utilize portable fridges for convenient food and beverage storage.

Adventure and Sustainability:

• Outdoor Enthusiasts: Camping trips and family outings demand reliable portable fridges to keep food fresh.
• Eco-Conscious Consumers: Advancements in energy-efficient and environmentally friendly models are a major draw.

USP Advantage:

• Technological Innovation: Invest in cutting-edge features like advanced cooling, enhanced reliability, and user-friendly controls to stand out.
• Target Specific Needs: Develop niche solutions for healthcare, logistics, or smart homes to expand your market reach.
• Embrace Sustainability: Focus on energy-efficient and eco-friendly designs to attract environmentally conscious consumers.

The Takeaway:

The portable fridge market is a dynamic and lucrative space. Act now to establish your brand as a leader in this rapidly growing industry. By capitalizing on these trends and developing innovative solutions, you can unlock a chilled gold rush of success.

Key Takeaways from the Portable Fridges market

•  United States dominated the portable fridge market in 2020, accounting for 80.1% of market share. Increased millennial participation in outdoor recreational activities, combined with the hospitality sector’s strong foothold, including hotels, is expected to remain a key factor driving the portable mini fridge market.
•   The online segment is expected to grow at a CAGR of 7.0% over the forecast period of 2023-2033. Consumers are increasingly turning to e-commerce websites for the purchase of electronics, including mini-fridges, as they can offer a wide range of products at special pricing and great discounts.
•  In 2022, the offline distribution channel was the most significant, accounting for more than 71.5% of global revenue. To cater to the vast customer base, major manufacturers in the United States and Canada are opening brand stores in various states across the country.
• The booming hotel industry is expected to drive the market for a portable fridge in India, which is expected to capture a market share of 25.9% in 2022. For example, in November 2018, Radisson Hotel Group opened the ‘Radisson Ningbo Beilun,’ a luxurious 230-room hotel in Ningbo’s Beilun district, China. Similarly, Hyatt Hotels Corporation opened 348 rooms in the ‘Hyatt Regency Wangjing’ in Beijing in June 2018.

Competitive Landscape

Some of the market’s leading players are developing technologically advanced products with high energy star certified products to meet growing consumer demands while also maintaining a competitive edge. Furthermore, collaboration with domestic distributors, strategic partnerships, seeking certifications, and entering into an e-commerce platform remain popular strategies among market leaders. Companies intend to broaden their geographic reach through mergers and acquisitions.

• Godrej Appliances, a division of the Godrej & Boyce Group, announced the launch of ultra-low temperature refrigerators, portable mobile freezers for storing highly temperature-sensitive vaccines, in August 2021.
•   Engel Australia Pty Ltd. launched two new limited edition Retro Series portable fridges in April 2019 under the brand names ‘Engel MT45F-G4FT’ and ‘Engel MT60F-G4FT’. These portable mini fridges are ideal for camping trips and other outdoor recreational activities. These product launches are expected to play a critical role in ensuring consumer access to the products.

Key Manufacturers:

• Whirlpool Corporation
• ARB Corporation
• Danby
• Dometic Group AB
• EdgeStar (Living Direct Inc.)
• Engel Australia Pty Ltd.
• Haier Inc.
• Koolatron
• Whynter
• AB Electrolux
• Samsung Electronics Co. Ltd.
• Others

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Portable Fridges Market by Category

Size:

•  Mini Portable Fridge
•  Standard Portable Fridge

Price Range:

•  Economic
•  Mid-Range
•  Premium

Functionality:

•  Conventional
•   Semi-Automatic
•   Automatic

End User:

•          Household
•          Commercial

Sales Channel:

• Online
• Offline

Region:

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

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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The soap dispenser market is poised for a clean sweep, with a projected market value of US$ 5.75 billion by 2033, growing at a steady Compound Annual Growth Rate (CAGR) of 6.0%. This surge in sudsy sales is driven by a growing emphasis on hygiene and innovative product offerings.

Cleanliness Takes Center Stage: Hygiene Fuels Growth

The soap dispenser market is thriving thanks to several key factors:

• Hygiene Awareness on the Rise: Heightened public awareness around health and hygiene is propelling the demand for soap dispensers in homes and public spaces.
• Touchless Tech Takes Over: Consumers are increasingly opting for contactless products, leading to a rise in the popularity of automatic soap dispensers with sensor technology.
• Healthcare Expansion Creates Opportunities: The rapid growth of healthcare infrastructure across the globe is driving the demand for soap dispensers in hospitals and medical facilities.

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Beyond the Bathroom: Dispensing Hygiene Everywhere

Soap dispensers are no longer confined to the bathroom:

• Workplace Wellness: Office buildings are adopting smart soap dispensers to promote hygiene and employee well-being.
• Public Spaces Prioritize Hygiene: Airports, schools, and other public facilities are installing soap dispensers to ensure good handwashing practices.

Innovation Washes Away Limitations

The soap dispenser market is embracing cutting-edge solutions:

• Liquid and Foam Dominate: Liquid and foam soap dispensers are gaining popularity due to their effectiveness in promoting handwashing.
• Smart Suds: Sensor-equipped smart dispensers are shaping the future of dispensing technology, offering a convenient and hygienic solution.
• Manual Mainstays: Despite advancements, manual soap dispensers still hold a significant market share due to their affordability and wider availability.

Looking Ahead: A Bright Future for Hygiene

The soap dispenser market is poised for continued growth, driven by:

• Government Initiatives: Government campaigns promoting proper handwashing hygiene will further increase dispenser adoption.
• Technological Advancements: Innovation in sensor technology and smart features will make soap dispensers even more user-friendly and efficient.
• Cleanliness for All: Increased awareness and accessibility will pave the way for a more hygienic future across the globe.

Key Points

• The United States is likely to lead the soap dispenser market in terms of market share. The United States held a market share of 81.5% in 2022. The market growth is attributed to the big government initiatives spreading awareness around hazardous infections and their prevention among its citizens.
• China is another significant soap dispenser market. It held a market share of 44.2% in 2022. The regional growth is attributed to stringent government norms and ongoing regulations.
• The manual segment is likely to thrive in the product type category as it held a share of 57.9% in 2022. The growth is attributed to factors like lower prices and higher availability of clean-label packaging. At the same time, automatic and smart soap dispensers are also getting popular among consumers.
• The residential segment is expected to top the application type category as it covers a 37.1% share of the global market. The growth of this segment is boosted by increased awareness around hand hygiene, making contactless handwashing another preventive measure.

Competitive Landscape

The key market vendors focus on ensuring the quality of the material and clean labeling options along with the integration of automatic dispensing technology. Key competitors also acquire, merge, and partner with other companies to increase their supply chain and distribution channel. The key players in the market are: ASI American Specialties, Inc., Bradley Corporation, Simplehuman, Kohler Co, Toto Ltd, and Georgia-Pacific LLC

Recent Market Developments

• Georgia-Pacific LLC has introduced the new enMotion Gen2 automatic soap dispenser that holds a capacity of 1200 ml. The dispenser delivers foam type of hygiene form and comes with a wall mount set. It comes with D-size alkaline batteries, a push lock, and a mounting bracket.
• Kohler Co. has launched its Cruz soap dispenser and holder that comes in a frosted glass bottle in polished chrome. Its USP lies in the premium metal construction with higher reliability and durability. The company claims to double the exceeding industry durability standard.
• ASI American Specialties, Inc. has introduced it’s EZ fill soap dispensing system that can integrate up to 6 dispensers and works on a multi-feed system. It delivers soap through its own controllable peristaltic pump.

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Soap Dispenser Market: Segmentation

The global Soap Dispenser Market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

By Product Type

• Touch-free
• Manual/Push

By Material

• Plastic
• Nickel
• Bronze
• stainless steel
• silver
• chrome
• others

By Type

• wall-mounted
• countertop
• free standing

By Price Range

• economical
• premium
• mid-range

By Capacity

• below 500 ml
• 500 – 750 ml
• 750 – 1000 ml
• 1000 – 1250 ml
• 1250 – 1500 ml
• 1500 ml & above

By Application

• Institutional
• Household

By Sales Channel

• Direct
• Indirect

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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The global forecast for the agriculture nets market predicts substantial growth, with a market size estimated at US$ 10,679.8 million in 2023. The anticipated Compound Annual Growth Rate (CAGR) of 5.5% from 2023 to 2033 indicates that the market’s global value is expected to rise significantly to an impressive US$ 18,242.6 million by 2033.

• The agriculture nets market is driven by increased demand for clean food products grown in a safe environment free from external contaminants.
• Population growth contributes to the rising demand for food products, thereby boosting the agriculture nets market.
• Agriculture nets are used to protect crops from birds, insects, small animals, and environmental elements like UV radiation and weather conditions.
• Various fruits, including olives, chestnuts, almonds, and walnuts, are harvested using nets placed directly on trees or in greenhouse openings for soil protection.
• Farmers’ enhanced knowledge and the significance of crops further promote the expansion of the agriculture nets market.
• Agriculture nets find applications in horticulture and floriculture industries, aiding in national food security efforts in many countries.
• Anti-hail nets protect crops from hail and improve micro-environments, potentially increasing agricultural production.
• The utilization of farming nets in residential sectors for terrace gardening, window shelters, fishing, and construction fences contributes to market growth.
• The growing popularity of terrace gardening and balcony gardening attracts new customers to the agriculture nets market.
• A primary challenge in the global market is the significant initial investment required, particularly impacting low-income farmers in developing countries.

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Business Growth Drivers:

1. Technological Advancements: The integration of advanced technologies such as precision agriculture, IoT (Internet of Things), and drones into agriculture nets has improved efficiency, productivity, and crop yield, thereby driving market growth.
2. Increasing Demand for Crop Protection: With the rising global population and shrinking arable land, there’s a growing need to protect crops from pests, insects, and adverse weather conditions. Agriculture nets provide an effective solution for crop protection, leading to increased adoption and market expansion.
3. Environmental Concerns: Growing awareness about environmental sustainability has led to the adoption of eco-friendly agricultural practices. Agriculture nets offer alternatives to chemical pesticides and fertilizers, promoting sustainable farming practices and driving market growth.
4. Government Support and Subsidies: Many governments worldwide offer subsidies, incentives, and support programs to encourage the adoption of modern agricultural practices, including the use of agriculture nets. Favorable government policies act as catalysts for market growth by reducing barriers to entry and encouraging investment.
5. Expansion of Commercial Farming: The expansion of commercial farming operations, particularly in emerging economies, fuels the demand for agriculture nets. Large-scale farming enterprises seek efficient solutions to protect their crops and enhance productivity, driving the adoption of agriculture nets.

Industry Restraints:

1. High Initial Investment Costs: The initial cost of implementing agriculture nets, including installation, equipment, and technology, can be significant, particularly for small and medium-sized farmers. High upfront investment acts as a barrier to adoption, especially in regions with limited financial resources.
2. Lack of Awareness and Education: Limited awareness and understanding of the benefits and applications of agriculture nets among farmers hinder market growth. Efforts to educate farmers about the advantages of using agriculture nets and training programs to enhance their skills are essential to overcome this restraint.
3. Availability of Alternatives: While agriculture nets offer effective crop protection and management solutions, there are alternative methods and products available in the market. Competition from traditional farming practices, chemical pesticides, and other crop protection technologies may pose challenges to the widespread adoption of agriculture nets.
4. Infrastructure Limitations: Inadequate infrastructure, such as storage facilities, transportation networks, and access to electricity, can hinder the adoption of agriculture nets, particularly in rural and remote areas. Addressing infrastructure limitations is crucial to ensuring the effective implementation and scalability of agriculture net solutions.
5. Regulatory Challenges: Compliance with regulations and standards related to agricultural practices, environmental protection, and product safety can pose challenges for agriculture net manufacturers and suppliers. Navigating complex regulatory frameworks and obtaining necessary certifications may increase operational costs and limit market access.

Global industrial operators can boost their sales volume by capitalizing on untapped opportunities in emerging markets. Even though the end result could be expensive, corporations can offer personalized remedies based on the demands of farmers in the region since each country has a distinct soil composition, and the concerns of farmers in one location might be different from those in another. This holds for farmers from identical countries. Furthermore, increased investment in developing novel products is an additional reason to anticipate higher revenue.

Key Takeaways from the Agriculture Nets Market

• In the North America agriculture nets sector, the United States and Canada emerged as leading markets in 2023 with 17.4% and 3.2% market share, respectively.
• In the Europe agriculture nets industry of 2023, Germany and the United Kingdom take the lead, capturing significant market shares of 6.8% and 5.4%, respectively.
• In 2023, India and China stand out as the dominant markets in the Asia Pacific agriculture nets market, capturing market shares of 14.6% and 10.3%, respectively.
• The market is spearheaded by the shading nets segment, commanding 42.10% of the global agriculture nets industry in 2023.
• The woven form is the leading segment by form, with a 56.70% share of the global agriculture nets industry market in 2023.

Key Players and Strategies for Success in the Agriculture Nets Market

In the agricultural nets sector, success hinges on key strategies. Key players partner with local growers, working closely together. They create new and better products by using advanced materials and eco-friendly methods. Quality is a top priority as well in this industry. They keep improving through research and development. By listening to what customers need and caring for the environment, these companies ensure their lasting success in the market.

Recent Developments in the Agriculture Nets Market

In May 2023, Nestlé opened the Institute of Agricultural Sciences to assist in improving the sustainability of agriculture by providing science-based farming solutions. Nestlé specialists assess and come up with solutions in important areas of focus, such as plant science, agricultural systems, and milk production at the new institution.

In March 2023, Syngenta Group unveiled the introduction of “Shoots by Syngenta™.” It is an international network meant to assist in handling agriculture’s challenging issues, enhance innovation, and develop more sustainable agriculture.

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Market Segmentation of Agriculture Nets

Type:

• Shading Nets
• Anti-hail
• Anti-insects
• Windbreak
• Others

Form:

• Woven
• Non-woven Form

Application:

• Farming Area
• Animal Husbandry
• Horticulture and Floriculture
• Aquaculture
• Others

End Use:

• Industrial Agriculture
• Sustainable Agriculture

Price Range:

• Economic
• Mid-range
• Premium

Material Type:

• Metal
• Plastic
• Rubber
• Others

Sales Channel:

• Hypermarkets/Supermarkets
• Specialty Stores
• Departmental Stores
• Independent Stores
• Hardware Stores
• Farm Equipment Stores
• Other Sales Channel

Region:

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

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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The mineral sunscreen market size is USD 1,470.3 million in 2023 and is likely to attain a valuation of USD 2,441.0 million by 2033. The mineral sunscreen market share is projected to rise at a CAGR of 5.2% from 2023 to 2033.

K-beauty and J-beauty trends are substantially influencing the mineral sunscreen market growth. Beauty products from Korea and Japan are renowned for their cosmetic elegance, which includes a smooth and non-greasy finish. In order to satisfy consumer’s need for soothing sun protection, mineral sunscreens with a matte or transparent finish are gaining popularity. The exposure and accessibility of K-Beauty and J-Beauty products, especially mineral sunscreens, have expanded due to the globalization of Asian beauty trends via social media and e-commerce platforms. The market demand is rising largely due to consumers’ greater awareness of these products and their advantages.

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Avobenzone, oxybenzone, and octinoxate are common chemical sunscreen ingredients that may irritate those with sensitive skin. Mineral sunscreens are hypoallergenic and less prone to irritate the skin or produce allergy reactions because they are made of benign physical blocks. The market for mineral sunscreens continues to expand as more consumers look for sun protection options suitable for their sensitive skin.

Consumers are increasingly drawn to skincare products free of synthetic chemicals and pollutants, fueling the clean beauty movement. Mineral sunscreens fit this trend because they are made with all-natural UV-blocking agents like zinc oxide and titanium dioxide. Consumers prioritizing healthy and sustainable skincare are becoming more attracted to non-toxic, eco-friendly products, promoting sales of mineral sunscreens.

Key Takeaways:

• In 2018, the global market size stood at US$ 1,145.5 million.
• In 2022, the global market size stood at US$ 1,403 million.
• Canada’s mineral sunscreen market share is 3% in 2023.
• Australia’s mineral sunscreen market share is 2% in 2023.
• India’s mineral sunscreen market share is 5% in 2023.
• China’s mineral sunscreen market share is 1% in 2023.
• In 2023, the direct sales channel segment captured an 66% share of the mineral sunscreen industry.
• In 2023, the dry skin type segment captured nearly 99% of the mineral sunscreen market shares.

Key Players:

• Neutrogena
• EltaMD Inc.
• Sun Bum
• Johnson & Johnson Consumer Inc.
• La Roche-Posay
• Avalon Natural Products Inc.
• J&JCI
• Australian Gold LLC
• Edgewall
• Goddess Garden
• Coppertone
• Drunk Elephant
• BeautyCorner

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Recent Developments in the Mineral Sunscreen Market

• Glenmark Pharmaceuticals launched La Shield in 2012. Over the years, the brand grew its portfolio to offer a range of mineral sunscreens that cater to different skin types.
• Chennai-based CHOSEN® has launched six mineral-based sunscreens under the banner of SAFESCREEN™ to suit Indian skin types. The sunscreens are made of 80-90 percent natural ingredients and have high SPF perfect for Indian skin types ranging from 30 to 50+ and a high PA of ++++ rating.
• Croda has become an R&D partner with Entekno Materials for solar protection, featuring the upcoming mineral sunscreen line Solaveil MicNo. The partnership is focused on driving innovation and delivering natural and safe inorganic sunscreens to the market.

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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The Outdoor TV Market is expected to surge at a vigorous 3.2% CAGR during the assessment period 2020 to 2030. Global outdoor TV market to surpass USD 500 Million in the next five years. An predicts lackluster growth throughout the year, despite a southern demand trend in H1 2020.

Built to Withstand the Elements: Outdoor TVs Take Center Stage

Conventional TVs simply can’t compete with the durability and functionality of outdoor TVs, propelling market growth:

• Engineered for Extremes: Outdoor TVs boast a wide operating range, handling blistering heat (up to 122°F) and freezing cold (-4°F), making them perfect for year-round enjoyment.
• Residential Rise: While the commercial sector currently dominates outdoor TV sales, the residential market is catching up, driven by a desire for outdoor entertainment experiences.

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Beyond the Living Room: Entertainment Under the Sky

Outdoor TVs are transforming how we celebrate and unwind:

• Lifestyle Shift Fuels Demand: The evolving lifestyle of consumers who crave unique experiences is driving the demand for outdoor entertainment solutions.
• From Indoor to Outdoor: A desire to incorporate music and entertainment into outdoor gatherings is pushing the transition from indoor to outdoor spaces.

Commercial Appeal: Hospitality Embraces Outdoor Entertainment

The outdoor TV market caters to both residential and commercial needs:

• Restaurants and Hotels Lead the Way: The growing popularity of outdoor dining and socializing in hotels is boosting sales of outdoor TVs in the commercial sector.
• Beyond Entertainment: Outdoor TVs can be used for digital signage and advertising purposes, adding further value for commercial establishments.

Looking Forward: A Bright Forecast for Outdoor Entertainment

FMI is optimistic about the outdoor TV market’s future, driven by several factors:

• Resilience in the Face of Challenges: Despite competition and the recent COVID-19 pandemic, the market has exhibited a moderate growth trajectory.
• Global Recovery on the Horizon: The anticipated global economic recovery paves the way for continued growth in the outdoor TV market.
• Innovation Ignites Future Growth: Manufacturers who focus on innovative features and cater to diverse outdoor entertainment needs are well-positioned to lead the market.

It offers in-depth insights into the market. Some of these are:

• Technological advancements are fuelling innovation of altered TV sizes and resolution. These developments have made television technologically more advanced and resistant to erratic weather
• Rising demand for high resolution TV for outdoor entertainment will boost the market
• Increasing production capacity and consistent pressure for price reduction has made outdoor TV less expensive
• Some of the leading TV broadcasters and content producers are investment in ultra-high-definition (UHD) technology in order to offer better content to audience. This will have a positive impact on the overall market

Despite witnessing an impressive surge in the last couple of years, the unprecedented COVID-19 outbreak has exposed the vulnerabilities of the market. Since a majority of consumers are either at self-imposed isolation or avoiding public gathering due to the fear of contracting the virus, the sales of outdoor TV will steeply decline.

Nonetheless, FMI foresees hope for the market’s recovery as soon as the coronavirus passes. People from eagerly waiting for economic activities to resume and pandemic to pass. Once it happens, they are likely to resume their outdoor activities, paving way for the expansion of the market.

Who is winning?

Some of the companies profiled in the report are Peerless-AV, SunBriteTV, Platinum, MirageVision, Oolaa, Cinios, SkyVue, AquaLite TV, Luxurite, The TV Shield, Dish, Shenzhen WTV Technology, Cinios, and Seura.

Companies operating in the market are focusing on making their products more advanced and high-performing to lure customers. As a result, FMI observes are higher investment in research and development among the market players.

Because the outdoor TV market is fairly competitive due to the presence of several behemoths, market players give special attention to their promotional activities. In the near future, investment towards market campaigns will surge. Besides this, companies are likely to focus on creating attractive offers to attract customers. The winning imperative identified by FMI for key market actors, is ensuring brand loyalty of consumers. The report discusses several other interesting statistics.

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Outdoor TV Market Key Segment

Product Type

• LCD
• LED

Screen Size

• Less than 40 inches
• 40-50 inches
• 50-60 inches
• 60-70 inches
• 70 inches and above

Screen Type

• Flat
• Curved

End Use

• Commercial
• Residential

Price Range

• Economy
• Mid-Range
• Premium

Sales Channel

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

Region

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

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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