Market Research Blog – Page 3190 – New Product Development

Beyond Recreation: Rising Applications in Marine and Law Enforcement Drive Personal Watercraft Market

The global personal watercraft market is expected to grow at a positive CAGR of 6% and reach a substantial value by 2032. The target market was valued at US$ 1.6 Bn in 2020 and will likely continue to perform well during the forecast period. With the increasing application of personal watercraft in marine and water police forces, the market for the same is projected to grow over the next few years.

Personal watercraft were introduced as models that were equipped with two-stroke engines. However, with ever-changing technology, the personal watercraft of today are empowered with high-tech four-stroke engines. Such personal watercraft boats are in high demand in sports and leisure activities. This exerts a positive influence on the overall market growth.

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Again, technological advancements in the personal watercraft sector have resulted in the emergence of quieter and cleaner personal watercraft. In the past decade, these water vessels caused a lot of pollution as they were equipped with two strokes engines. Whereas, owing to the execution of stringent emission regulations coming, personal watercraft are now powered by four-stroke engines which leads to a relatively eco-friendly water vessel.

This aspect is expected to amplify the demand for personal watercraft and foster the growth of the personal watercraft market over the projected period. Furthermore, currently, many of the manufacturers are releasing multi-passenger personal watercraft which are equipped with state-of-the-art features and functions. This will likely underpin the growth of the personal watercraft market over the next few years.

Also, the surge in leisure spending and heightened demand for personal watercraft for sports purposes will facilitate the growth of the personal watercraft market. Further, the growing trend for multi-passenger personal watercraft and other eclectic personal watercraft will also contribute to the growth of the personal watercraft market during the forecast period as more and more manufacturers are focusing on catering to their target consumer base which has shifted to families rather than bachelors.

“Increasing use of personal watercraft in marine security forces as well as for sports and leisure purposes is expected to drive the global growth of the personal watercraft market over the forecast period,” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Key Takeaways:

Strict regulatory measures and high initial costs will hamper the growth of the personal watercraft market.
Rising adoption of advanced technology along with the emergence of green watercraft will strengthen the market prospects for personal watercraft.
The strong presence of several original equipment manufacturers propels North America to occupy the dominant position in the global market.
Increasing tourism will benefit the personal watercraft market in the Asia Pacific region.

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Competitive Landscape

Leading market players are focusing on adopting advanced technologies and expanding their product portfolios to include environmentally-friendly watercraft. These firms also adopt various organic and inorganic business strategies to strengthen their market position.

Kawasaki Motors Corp., Honda Motors. Co., Ltd., Polaris Industries, Jiujiang Poseidon, and Motorboat Manufacturing Co., Ltd., among others are some of the major players in the personal watercraft market profiled in the full version of the report.

More Insights into Personal Watercraft Market

FMI offers an unbiased and comprehensive analysis of the global personal watercraft market in its latest report. With the help of historical data from 2012 to 2020 and forecast statistics for 2022 to 2032, the market is segmented into type, seat capacity, hull type, and region to provide a better understanding of the potential and scope of the target market.

Based on region, the personal watercraft market in North America will present major growth during 2022-2032. The North American personal watercraft market will account for a major portion of the global market share. This growth can be attributed to the escalating demand for personal watercraft in this region as well as to the strong presence of several original equipment manufacturers. Europe’s personal watercraft market will also present notable growth owing to the rising investments in sports and recreation. The soaring tourism activities in China and India will offer multiple opportunities to the personal watercraft market in the Asia Pacific region.

Thus, the global personal watercraft market is primarily fueled by rising demand for personal watercraft and its extensive application in marine security, sports, and leisure activities.

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Key Segments

By Type

Sports
Recreational
Performance
Luxury

By Seat Capacity

One seat
Two seat
Three seat
Standing

By Hull Type

Composites
Plastic

By Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
Middle East and Africa

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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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Driving Digital: Projections Signal Automotive E-tailing Market to Surpass US$ 268 Billion by 2034

The automotive e-tailing market is estimated to be worth US$ 76.4 billion in 2024 and is projected to be valued at US$ 268 billion by 2034. Between 2024 and 2034, the market is predicted to rise at a CAGR of 13.4%.

Key Takeaways from the Market Report

From 2019 to 2023, the automotive e-tailing market expanded at a CAGR of 16.9%.
Based on vehicle type, the passenger vehicle segment is expected to rise at a CAGR of 13.2% from 2024 to 2034.
The automotive e-tailing demand in China is predicted to grow at a CAGR of 13.9% through 2034.
In the United States, the automotive e-tailing industry is estimated to register a CAGR of 13.7% from 2024 to 2034.
The United Kingdom is projected to expand by a value CAGR of 14.7% between 2024 and 2034.
The automotive e-tailing market in Japan is anticipated to record a CAGR of 14.9% during 2034.

“The automotive e-tailing market is being propelled by increasing convenience of shopping online for automotive products, including parts, accessories, and tools.” – Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

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Increasing internet penetration worldwide provides a broader consumer base with access to online platforms, facilitating the growth of e-tailing in the automotive sector.

The automotive industry’s ongoing digital transformation involves the adoption of online platforms for various aspects of the buying process, contributing to the growth of e-tailing. E-tailing offers consumers a convenient and time-efficient way to browse, compare, and purchase automotive products without the need to visit physical stores.

The prevalence of smartphones and the rise of mobile commerce enable consumers to shop for automotive products using mobile devices, contributing to the market’s growth.

E-tailers provide a wide range of automotive products, including original equipment manufacturer (OEM) parts, aftermarket accessories, tools, and maintenance items, meeting the diverse needs of vehicle owners. Growing environmental awareness leads to increased demand for eco-friendly automotive products, often available through e-tailing platforms, contributing to market growth.

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Competitive Landscape

Market participants in the automotive e-tailing sector are actively engaging in collaborations with original equipment manufacturers (OEMs), aftermarket suppliers, and various industry stakeholders to broaden their product portfolios, ensuring a diverse and comprehensive inventory.

Strategic partnerships with logistics firms have been established to optimize supply chain operations, guaranteeing efficient management and timely deliveries. These players are committed to providing an expansive and varied product catalog, encompassing a wide array of automotive parts, accessories, and tools to cater to the diverse needs of their customers.

eBay’s automotive category allows sellers to list new and used automotive parts and accessories for buyers to purchase through an auction or fixed-price format.
Continental is a major automotive supplier known for tires, electronics, and other components. Continental’s products are available through various channels, including e-tailing platforms.
Delticom is a European e-commerce company specializing in tires and automotive accessories. Delticom operates online tire shops and automotive e-tailing platforms.

Key Companies Profiled

Flipkart
Wal-Mart Stores Inc.
O’Reilly Automotive Inc.
Robert Bosch GmbH
E-bay Inc.
Continental AG
Delticom AG
Alibaba Group Holding Ltd
AutoZone Inc.
Advance Auto Parts Inc.

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Report Scope

Attributes	Details
Estimated Market Size in 2024	US$ 76.4 billion
Projected Market Valuation in 2034	US$ 268 billion
Value-based CAGR 2024 to 2034	13.4%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in US$ billion
Key Countries Profiled	The United States Canada Brazil Mexico Germany The United Kingdom France Spain Italy Russia Poland Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC countries South Africa Israel

Automotive E-Tailing Market – Key Segments

By Vehicle Type:

Passenger Cars
Commercial Vehicles
Two-Wheeler

By Components:

Infotainment
Interior Accessories
Engine Components
Tires
Electrical Products

By Vendor:

OEM Vendor
Third-Party Vendor

By Product Label:

Branded
Counterfeit

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa

Author

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Global Drug Discovery Enzymes Market Gears Up for Growth: Projected to Reach US$ 1,751.3 Million by 2033 a strong CAGR of 6.5% .

The global drug discovery enzymes market is expected to reach a valuation of US$ 1,751.3 million by 2033, indicating that it is ready for a big rise. This increase is a significant step up from its projected value of US$932.4 million in 2023. Over the course of the projection period, a strong compound annual growth rate (CAGR) of 6.5% is anticipated, indicating a market that is expanding. This surge comes after a period of stable expansion that saw a CAGR of 4.2% from 2018 to 2022.

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Broadening Horizons: Enzymes Drive Innovation Across Industries

This growth is explained by the increasing adoption of drug discovery enzymes by a greater number of companies. These enzymes have historically been used in the biotechnology and pharmaceutical industries, but they are also being used in the food and beverage sectors. This pattern illustrates a common emphasis on using enzymes for a variety of analyses, which eventually results in the creation of ground-breaking drugs.

Beyond Pharmaceuticals: Enzymes for a Sustainable Future

Drug discovery enzymes have applications outside of the pharmaceutical industry. Producing intermediates for the synthesis of active pharmaceutical ingredients (APIs) is proving to be crucial to the development of potent drugs. In addition, the biofuel sector has made use of the potential of enzymes such as lipase. These enzymes are essential for the conversion of free fatty acids, which emphasizes the wide range of industries that have used this technology.

Unlocking a Healthier Future

The market for drug discovery enzymes is booming, which bodes well for the advancement of medicine. We can expect the development of more specialized and potent drugs as long as research and development on enzymes continue. This means better healthcare outcomes, but it also shows how enzymes can transform a number of industries and open the door to a future powered by ground-breaking discoveries.

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Competitive Analysis of the Drug Discovery Enzymes Market:

In recent years, a number of well-known researchers have focused on studying drug discovery enzymes. In recent years, pharmaceutical experts have developed a number of pharmacological enzymes that have assisted in the treatment of patients’ life-threatening illnesses.

Some recent developments in the Drug Discovery Enzymes industry are as follows:

In November 2020-Genesis Therapeutics and Genentech formed an AI-driven, multi-target drug development cooperation. Genesis’ graph machine learning and drug discovery capabilities are used in this cooperation to uncover novel drug candidates for therapeutic targets across numerous disease categories.
In January 2020, Bayer signed a collaborative deal with the artificial intelligence drug discovery business Exscientia to develop and optimize innovative lead structures for prospective therapeutic candidates in the treatment of cardiovascular and oncological illnesses.

Some Key Participants Present in the Global Market Include:

Sigma-Aldrich Co. LLC.
Kaneka Corporation
Actelion Pharmaceuticals Ltd
Genesis Biotechnology Group
Suven Life Sciences Limited
Enzo Life Sciences, Inc.
Merck KGaA

Key Segments:

By Product Type:

Active Kinases
Ubiquitin
Epigenetic
Methyltransferases
Deacetylases
Phosphodiesterases
Other Product Types

By End User:

Pharmaceutical and Biotechnology Company
Research Institutes
Other End User

By Region:

North America
Latin America
Asia Pacific
The Middle East and Africa
Europe

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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:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

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Singapore Tourism Industry Expected to Reach US$ 45,050 Million by 2034 | FMI

Following a thorough examination of the worldwide tourist market, FMI has released a new research on Singapore’s tourism sector. According to the forecast, Singapore’s tourist sector will generate US$ 29,288 million by 2024.

In an attempt to draw in tourists, Singapore’s hotels and lodging companies have responded by introducing individualized packages, loyalty reward schemes, and internet booking integration. If the pace continues at a compound annual growth rate of 4.40% until 2034, the industry’s total value may eventually approach US$ 45,050 million.

In a country that has the world’s lowest crime rates, tourism in Singapore is a major industry and contributor to the country’s economy.

According to the Travel and Tourism Competitiveness Report 2015, Singapore’s international openness, business environment, and travel and tourism policy bestowed it with the 11th rank out of 141 countries. Singapore is safe and environmentally friendly and also preserves natural and heritage conservation programs.

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Singapore’s public transport system is one of the most convenient transport services across the globe. It has a well-known Mass Rapid Transit (MRT) transportation system that is extremely convenient for tourists. Fine dining, nature sightseeing, cultural and historical landmarks, island resorts, and several shopping belts are the main tourist attractions in Singapore.

Key Trends Shaping the Future of Singapore Tourism Market

The Singapore tourism market is experiencing a transformative phase, shaped by evolving consumer preferences, technological advancements, and global dynamics. As the city-state strives to maintain its status as a premier travel destination, several key trends are emerging, influencing the industry’s trajectory.

Sustainable Tourism: With an increasing focus on environmental consciousness, Singapore is aligning its tourism efforts with sustainable practices. Eco-friendly initiatives, such as green infrastructure, eco-tours, and sustainable accommodations, are gaining prominence. This shift reflects a growing demand among travelers for responsible and ethical tourism experiences.
Digital Transformation: The integration of technology is revolutionizing the tourism sector in Singapore. From digital platforms for seamless bookings to immersive augmented reality experiences, technology is enhancing overall visitor engagement. Smart tourism initiatives, including the use of AI and data analytics, are helping stakeholders make data-driven decisions for better visitor management and personalized experiences.
Wellness and Health Tourism: There is a noticeable rise in the demand for wellness and health-focused tourism in Singapore. Travelers are seeking holistic experiences, including wellness retreats, spa treatments, and health-conscious culinary options. The city-state is responding by expanding its offerings to cater to this growing niche market.
Culinary Tourism: Singapore’s diverse culinary landscape has become a major attraction for tourists. The city’s reputation as a food paradise is drawing food enthusiasts from around the world. To capitalize on this trend, the tourism sector is promoting culinary events, food festivals, and collaborations with renowned chefs, elevating the gastronomic experience for visitors.

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One of the main restraints is the cost factor. Singapore is very expensive. Compared to other Asian countries, hotels, shopping, taxis and eating is very expensive in Singapore. Tourists also feel that the beaches in Singapore are not happening as in Australia. These factors are hampering the growth of the Singapore tourism industry.

Singapore Tourism: Spend Analysis

According to the World Travel and Tourism Council (WTTC), travel and tourism generated a total impact of $US 66 billion of Singapore’s GDP in 2014. The total impact of the travel and tourism sector on the GDP is greater than other sectors such as retail, banking, manufacturing, and automotive. Travel and tourism is a significant source of export revenue for Singapore.

According to the WTTC, money spent by foreign visitors to a country is a key component of the direct contribution of travel and tourism. In 2014, Singapore generated SGD 23.9 billion in visitor exports

Also, spending on leisure travelling generated 51.0% of the travel and tourism GDP in 2014 (SGD17.6bn). This particular spending is expected to rise by 2.4% pa to SGD 22.6 billion in 2025. Domestic travel spending generated 30.7% of direct Travel & Tourism GDP in 2014 and is expected to grow by 3.0% in 2015 to SGD 10.9 billion, and rise by 3.1% pa to SGD 14.8 billion in 2025.

According to the Singapore Tourism Board, fashion and accessories remained the most popular shopping item in terms of amount spent and popularity. Cosmetics, food items, consumer technology, souvenir and gifts, genuine jewellery and watches and clocks are the other items being shopped for.

This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

Key Manufacturing Players:

Chan Brothers Travel Agency
CTC Travel
SA Tours
Dynasty Travel

Key Segmentation:

By Type:

Budget
Standard
Premium

By Service Type:

Accommodation
Food & Beverages
Others

By Occupants:

Solo
Group

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa
Europe

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Hotel Channel Management Market Forecasted to Reach US$ 1,618.23 Million by 2033 | FMI

The hotel channel management market accumulated a valuation of US$ 687 million in 2022, and it is anticipated to grow at a consistent CAGR of 8.1% from 2023 to 2033 to reach a demand valuation of US$ 1,618.23 million. The market is expected to be worth US$ 742.65 million in 2023.

Hotel channel management is an integral part of the multibillion-dollar hospitality industry. The entire process of hotel channel management is benefitting the hotel industry in several ways. The added technological edge is broadening the periphery of hotel chains that are spreading across the world. The global hotel industry will continue to grow in the forthcoming years.

The boom of the internet, the emergence of a new crop of tech-savvy travelers around the world, and the mushrooming of new travel destinations is building up the base of the global hotel and tourism industry. The all-inclusive surge of the hotel and tourism industry is impacting the rise of hotel channel management.

Regions such as Asia Pacific and Europe have been the cradle of hospitality and tourism and this sector is rocketing steadily with growing tourism destinations popularising the use of hotel channel management. The tourism sector in Middle Eastern countries is comparatively new.

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Key Trends in the Hotel Channel Management Market

In an era where the hospitality industry is rapidly evolving, the Hotel Channel Management Market is emerging as a pivotal force driving efficiency and revenue for hoteliers. This dynamic landscape is witnessing several key trends that are reshaping the way hotels manage their online distribution channels.

Integration of Advanced Technology: The Hotel Channel Management Market is experiencing a surge in the adoption of advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML). These technologies empower channel managers to analyze data, predict market trends, and optimize pricing strategies in real-time, enhancing overall operational efficiency.
Rise of Cloud-Based Solutions: Cloud-based channel management solutions are becoming increasingly popular, enabling hotels to streamline operations and access critical data from anywhere. The scalability and flexibility of cloud-based systems provide a competitive edge, allowing hoteliers to adapt swiftly to market changes and meet evolving guest expectations.
Multi-Channel Distribution: With the diversification of online channels, hotels are leveraging multi-channel distribution strategies to expand their reach. Channel managers play a pivotal role in seamlessly integrating with various online travel agencies (OTAs), global distribution systems (GDS), and direct booking platforms, ensuring a broader market presence.

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Hotel Channel Management: The Game Changers

Hotel channel management has evolved with time. The hotel channel management system has helped rehash the entire hotel booking system through a smart and transparent process.

Hotel bookings are made easy and convenient as long email chains are no longer the way to book a suave room. Through hotel channel management a two-way communication channel can be established that can further help hoteliers understand market trends and easily gauge their market performance.

Hotel channel management also enables customers to get a clear idea about room tariffs and availability of accommodation. Hotel channel management has redefined the service levels of the hotels and created a global and customer-friendly climate in the market. New and advanced cloud-based hotel management systems are a recent addition, helping enhance the outreach of hotel channel management.

The army of app-savvy wanderers is adding fodder to the growth of the hotel channel management system. A revamped marketing outreach and better customer management policies laid down by several hotels are also promoting the overall sale of hotel channel management tools.

The availability of real-time hotel room tariffs, room patterns and availability is luring more customers and the usage and acceptance of hotel channel management is surging in the hotel and tourism market.

The key players in this market include:

eRevMax
SkyTouch Technology
Hotelier
SiteMinder
RateGain
SmartHOTEL
InnQuest
StayNToch
Vertical Booking
Profitroom
Little Hotelier
Intuitive

Key Segments Profiled in the Hotel Channel Management Market

By Type:

Budget
Standard
Premium

By Service Type:

Accommodation
Food & Beverage
Others

By Occupants:

Solo
Group

By Region:

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

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Baby Changing Station Market Poised to Reach US$ 26.29 Billion Market Share by 2032

During the forecast period, the baby changing station market is expected to register a CAGR of 4%, reaching a market share of US$ 26.29 billion in 2032, up from US$ 17.08 billion in 2021. This growth is driven by consumer awareness regarding the health and hygiene of infants.

Major market participants continually enhance baby changing stations to comply with FDA guidelines and product category regulations, thereby boosting sales.

The increasing prevalence of baby changing stations in malls and commercial buildings worldwide is a key driver of higher demand for these products. Additionally, population growth has led to expanded sales of baby changing stations across the country, intensifying competition among end-users.

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There is a continuous improvement by the key players of the market in the baby changing stations as per the FDA guideline and regulations on the product categories.

Market Dynamics

Growing Concern for Health and Hygiene: Increased consumer awareness regarding the health and hygiene of children has led to a rise in demand for baby changing stations in public areas.
Development Prospects: The worldwide baby changing stations market’s growth prospects for the next four years will be driven by the increasing demand for portable baby changing stations or foldable changing tables.
Convenience and Portability: Portable baby changing stations or foldable changing tables offer convenience and portability, making them ideal for use in various public settings such as malls, airports, and parks.
Versatility: These portable solutions cater to the needs of parents on the go, allowing them to easily change their baby’s diapers while ensuring hygiene and comfort.
Space-saving Solutions: Foldable changing tables are particularly favored for their space-saving design, making them suitable for environments with limited space availability.
Enhanced Accessibility: The availability of portable baby changing stations in public areas enhances accessibility for parents, providing them with a convenient and hygienic solution for changing their baby’s diapers while on the move.

Key Players

Some of the major players in the baby changing station market are Koala Kare Products, Mediclinics SA, GENWEC Washroom Equipment and Company, American Specialties, Ecolab, Continental Commercial Products (Katy Industries), GENWEC Washroom Equipment and Company, Lovair, Foundations among others. The research report presents a comprehensive assessment of the baby changing station industry and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for baby changing station. The research report of baby changing station provides analysis and information according to market segments such as geographies, product type, nature, and application.

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The Baby Changing Station market report covers exhaustive analysis on:

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

The Baby Changing Station regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
East Asia (China, Japan, South Korea)
Oceania (Australia & New Zealand)
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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

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Key Segmentations

The baby changing station market is segmented into different parts based on the product type, end use, material type and geography.

Based on product type

Horizontal Baby Changing Stations
Vertical Baby Changing Stations

Based on end use

Daycare Centers
Hospitals
Hotels & Restaurants
Shopping Malls
Departmental Stores
Movie Theatre
Others

Based on material type

High-density polyethylene
Stainless Steel
Plastic
Aluminium
Others

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

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:

Nandini Singh Sawlani

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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Global DNA Sequencing Market Poised to Reach US$ 2,080.2 Million by 2033 to Expand at a CAGR of 8.2%

The global DNA sequencing services market is expected to increase significantly and reach a value of US$ 2,080.2 million by 2033. From a base of US$945.6 million in 2023, this indicates a compound annual growth rate (CAGR) of 8.2%. The primary cause of this expansion is the global increase in the number of cancer cases.

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DNA Sequencing: Unlocking the Secrets Within

The order of the four building units of DNA—adenine (A), thymine (T), guanine (G), and cytosine (C)—can be determined via DNA sequencing, a potent technology. Interestingly, A and C always pair with T and G, respectively. Deciphering the base pair sequence is essential to obtaining an individual’s genetic code. This information holds immense potential for various applications, including:

Identifying regulatory instructions within DNA
Pinpointing the location of genes
Understanding the genetic underpinnings of diseases

Top Highlights from the FMI’s Analysis of the DNA Sequencing Services Market:
•The North American region is expected to account for the leading market share of more than 40.6% in 2023, followed by Europe, which is projected to account for 32.4% in the same year.

•The United Kingdom is forecast to expand at a CAGR of 12.9% over the estimated period, suggesting significant business avenues that the country is expected to present.

•India is anticipated to record a CAGR of 8.5% over the forecast period, whereas China is forecast to propel at a CAGR of 7.8%. DNA sequencing services are expected to increase in the region to meet the increasing medical demands of the population.

•Japan is forecast to account for a market share of 2.7%, comparatively lower than the other competitive markets. However, the market is expected to offer diverse growth opportunities to businesses.

•Based on solutions and services, the data analysis and sequencing services segment is forecast to account for 41.8% of the global market.

•Under the end-user category, the academic institutes and research centers segment is anticipated to record more than 37.7% over the forecast period.

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Market Competition:

Illumina Inc., Thermo Fischer Scientific Inc., Oxford Nanopore Technologies Plc, Agilent Technologies, Inc., QIAGEN, Eurofins Scientific, F. Hoffmann-La Roche Ltd., Takara Bio Inc., GENEWIZ, Inc., Hamilton Company, Macrogen Inc., Zymo Research Corporation, and Tecan Trading AG are a few of the major players in the global DNA sequencing services market.

Owing to the involvement of multiple prominent players, the industry exhibits intense competition. International firms like Oxford Nanopore Technologies plc, Thermo Fischer Scientific Inc., and Illumina Inc. In addition to making up a sizeable portion of the market, a number of regional players are active in important growing areas, mainly in North America.

Recent Developments

In December 2020, Eurofins Genomics released SARS-CoV-2 NGS services that are both cost-effective and optimized, allowing for entire viral genome sequencing.
In May 2020, Roche introduced the KAPA Target Enrichment portfolio and the KAPA HyperExome whole-exome research panel for target enrichment during sequencing.
Illumina recently received Emergency Use Authorization (EUA) from the FDA for its COVIDSeq Test, which is used to sequence the entire genome of the novel SARS-CoV-2 virus.
Face2Gene LABS was launched in June 2019 by PerkinElmer, Inc. and FDNA, an artificial intelligence company, to provide genomic services in conjunction with Next-Generation Phenotyping (NGP) technologies for more accurate and efficient diagnoses.

Key Segments Profiled in The DNA Sequencing Services Industry Survey:

By Product Type:

Maxam–Gilbert DNA Sequencing
Chain-Termination Methods
Dye-Terminator Sequencing
Automation and Sample Preparation
Large-scale DNA Sequencing
New DNA Sequencing Methods
High Throughput DNA Sequencing
Parallel Signature Sequencing (MPSS)
Polony Sequencing
Pyrosequencing
Illumina (Solexa) Sequencing
SOLiD Sequencing
Others

By End Use:

Automotive Industry
Chemical Industry
Agriculture
Oil and Gas
Research and Development
Other End Uses

By Application:

Hospitals
Diagnostic Centers
Biotechnology and Pharmaceutical Industry
Academic Research Institutes
Other Application Areas

By Region:

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

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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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Future Market Insights Inc.
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Global Dental Whitening Lamp Market Expected to Shine at $529.8 Million by 2033 to Expand at a CAGR of 4.4%

The global dental whitening lamp market is growing, expected to reach a value of US$343.1 million in 2023. This market is anticipated to grow steadily, with a Compound Annual Growth Rate (CAGR) of 4.4%, forecast to reach US$529.8 million by 2033.

Industry observers credit the need for whiter smiles and a greater emphasis on oral hygiene for this growth.

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Dental Whitening Technology: Beyond UV

Traditionally, dental whitening lamps utilized ultraviolet (UV) light to whiten teeth. While effective, UV light carries a risk of burns, making in-office treatment by a dentist the preferred option.

However, the market is experiencing a shift towards blue LED light treatments. Consumers are increasingly drawn to this technology due to its perceived safety advantage when compared to UV light.

This trend towards LED technology is expected to continue propelling the dental whitening lamp market forward in the coming years.

Competitive Landscape: What are the Leading Players in the Dental Whitening Lamps Market Up to?

One of the leading companies providing dental whitening lamps is Royal Philips N.V. The Philips Zoom WhiteSpeed Light-Activated Whitening System, which features variable intensity settings and innovative LED light technology, was deployed by the firm in June 2021. In 45 minutes, the device has been clinically shown to whiten teeth up to eight shades.
Teeth whitening products are provided by Beaming White to salons, spas, and the beauty sector. The business unveiled a paint-on teeth-whitening method in March 2021, enabling salons and spas to offer teeth-whitening outcomes comparable to those obtained at the dentist..

Recent Development Observed by FMI:

A pioneer in dental care and teeth whitening, Colgate® Optic White®, launched two state-of-the-art teeth whitening solutions in February 2023 that are going to transform the entire procedure. Both of the new products—Colgate® Optic White® ComfortFit LED Teeth Whitening Kit and Colgate® Optic White® Express Teeth Whitening Pen—were engineered to enhance user experience while also producing quick results.

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Key Players in the Global Market:

BMS Dental
Royal Philips N.V.
Beaming White LLC
DaVinci Teeth Whitening
CityDent
WHITE Smile GmbH
Suz-Dent India (P.) Ltd.
Oh!White Cosmetics
Nubway

Dental Whitening Lamps Market Segmentation:

By Product Type:

In-office Dental Whitening Lamps
At-home Dental Whitening Lamps

By Light Source Used:

LED Light
Ultraviolet Light

By End-user:

Hospitals
Dental Clinics
Home Care Settings

By Region:

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

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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:

Nandini Singh Sawlani

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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Residential Dishwashers Market: Projected to Record a CAGR of 7.1% by 2032

The global residential dishwashers market is projected to record a CAGR of 7.1% from 2022 to 2032. Consumers are now more aware of the advantages of utilizing residential dishwashers due to the increased appliance penetration rates. The shifting customer preferences for sanitization tools have had a significant impact on the demand for domestic dishwashers.

The main factor encouraging the global adoption of household dishwashers has been identified as sanitising the utensils by reducing the germination of bacteria. Additionally, one of the most significant foodservice trends favouring the rise in demand for domestic dishwashers in restaurants is the need to save time when cleaning utensils.

Another major growth driver for the residential dishwasher market is the expansion of modern retail. Commercial kitchens and countertops are experiencing smart convergence, involving the automation of various tasks. To expedite the purchase of efficient kitchen appliances, e-commerce and other modern retail methods are being integrated, leading to an increase in sales of kitchen appliances such as dishwashers.

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Residential Dishwashers: Market Dynamics

The need for domestic dishwashers is being driven by the growing significance placed on routinely cleaning kitchen surfaces, sinks, dishes, and cookware before making and serving food as well as in between each usage. The principal factors supporting the expansion of the global market for household dishwashers include,

Knowledge of foodborne illnesses

Sanitizing dishwashers have been widely utilised in commercial and residential kitchens to stop the spread of foodborne illnesses.

The requirement for an effective cleaning cycle

The repeated cleansing system in dishwashers has accelerated its acceptance in household kitchens because traditional cleaning cycles cannot guarantee thorough sanitization.

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modern retail growth

Smart convergence, which incorporates the automation of several tasks, is currently occurring in commercial kitchens and counters. E-Commerce and other contemporary retail techniques are used to speed up the acquisition of effective kitchen appliances, which boosts sales of kitchen appliances like dishwashers.

On the other hand, barriers like low acceptability among consumers living in traditional clout and expensive residential dishwasher pricing have had a significant impact on the dynamics of the global market for residential dishwashers. Urban areas have seen the greatest demand for household dishwashers, while rural and underdeveloped areas have experienced shortages of essentials like water, electricity, and cleaning supplies, which are necessary for any dishwasher to operate.

Key Segmentations

on the basis of product-type

Built-in Dishwashers
Counter Top Dishwashers
Drawer Dishwashers
Freestanding Dishwashers

The application-wise segmentation

Residential applications
Food service applications
HoReCa (Hotel/Restaurants/Café)

Regional Outlook

Furthermore, the global market for residential dishwashers is also classified on according to the key geographical regions in the world. Owing to the consumerism reforms in countries such as India, China, Australia, Brazil, Thailand and Singapore, the growth of the demand for residential dishwashers is expected to surge in Asia-Pacific and Latin America.

North America and Europe will continue leading the market share as dishwashing products have been the conventional devices for cleaning utensils in the US and UK. However, APAC countries such as India and Japan will record higher growth in terms of sales.

Competitive Landscape

General Electric Company, Siemens AG, Sears Brands LLC, IFB Industries Ltd., Whirlpool, Heartland Appliances, LG Electronics, AB Electrolux, and Danby Group are a few of the major players in the global market for residential dishwashers.

Several top dishwasher manufacturers have been driven to improve their goods and broaden their product lines as a result of new alliances and mergers in the home appliance sector. A wonderful example of product improvement is Whirpool’s “6th Sense Technology” dishwasher, which can link to a Wi-Fi network and create a smart grid system for both commercial and domestic dishwashing needs.

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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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Nandini Singh Sawlani

Overnight Hair Treatment Products Market: Steady CAGR of 5.3% Expected by 2032

The market for over-night hair treatment products will grow at a consistent rate of 5.3% CAGR during the years 2022 to 2032.

The overnight hair treatment products market is expected to expand due to increasing consumer awareness. Lifestyle changes and the desire for beautiful hair are key drivers of demand for overnight hair treatment products. Among these products, hair masks are the most popular and are anticipated to gain a significant share of the market value during the forecast period.

People today are worried more and more about how they look, including using hair care products. More people are wanting good-looking hair, so they spend more on things to take care of their locks. This has made folks interested in products for night time hair treatments like masks and gel designed just for washing your mane at night.

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Over-night Hair Treatment Products Market- Business Growth And Trends

Increasing Consumer Consciousness: Growing awareness among consumers about hair care has led to a surge in demand for overnight hair treatment products.
Lifestyle Changes: Evolving lifestyles and busy schedules have prompted individuals to seek convenient solutions for maintaining healthy and beautiful hair overnight.
Desire for Beautiful Hair: The desire for well-nourished, lustrous hair has fueled the demand for overnight hair treatment products, as consumers seek effective solutions to address various hair concerns.
Popularity of Hair Masks: Among overnight hair treatment products, hair masks have emerged as the most popular choice among consumers, driving significant market growth.
Innovative Formulations: Manufacturers are introducing innovative formulations and ingredients in overnight hair treatment products to cater to diverse hair types and address specific concerns such as damage, dryness, and frizz.
Influential Marketing: Effective marketing strategies, including social media campaigns and endorsements by beauty influencers, play a crucial role in driving consumer awareness and adoption of overnight hair treatment products.
Expansion of Distribution Channels: The availability of these products across various retail channels, including online platforms and specialty stores, has widened consumer access and contributed to market growth.

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Over-night Hair Treatment Products Market: Overview

Over-night hair treatment products are the hair repair products which often known as hair masks, water based gel that have properties to make hair soften, soothe and condition. The primary purpose of using over-night hair treatment products are infusing hair shaft with moisture and glossy shine to hair. It also reduces hair breakage.

These properties have of over-night hair treatment products make it popular and demanding among consumers. Now a days, consumers around the world are more conscious about their appearance which includes haircare products.

The growing trend of hair style and desire of beautiful hair have stimulated demand for hair care products, which in result, catching the eyes of consumers for over-night hair treatment products such as hair masks, water based hair care gel etc. Being attractive is the trend that everyone follows, especially women. The growing beauty conscious consumers thus prefer to use over-night hair treatment products to repair their hair condition. However, growing counterfeit products hamper the growth of the over-night hair treatment products market.

Changing lifestyle and beauty consciousness are the factors that push the market for more innovative products such as protective hair serum, anti-aging overnight hair rescue hair treatment from various manufacturers. Manufacturer in this segment face a tough competition due to high concentration of players in the market. Thus, manufacturers are focusing on new innovations and new product launches to attract new and retain their old customers. Currently, manufacturer are coming with products which are free of paraben, gluten, mineral oil etc.

Regional Outlook

The over-night hair treatment products market are anticipated to grow owing to growing consciousness among consumers. Growing lifestyle and desire of beautiful hair are the primary factors to lead the over-night hair treatment products. Hair masks are the most popular product which is expected to gain a significant market value share during the forecast. The over-night hair treatment products market is expected to register a positive growth across all the geographies during the forecast period.
North America and Europe is expected to hold a significant market share in over-night hair treatment products market owing to high product awareness, high adoption rate of new products, and high concentration of manufacturers in the regions.
East Asia is also expected to hold a significant value share in global gloss product market and also anticipated to grow at higher CAGR during the forecast (2019-2029) as compared to developed regions. The beauty conscious consumers, large population and presence of Chinese, Korean and Japanese beauty companies will fuel the over-night hair treatment products market. India is also expected to hold a significant market share among South Asian countries. Latin America and Oceania are projected to hold a significant market share in the global over-night hair treatment products market.

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Over-night Hair Treatment Products Market: Key Players

Some of the over-night hair treatment products key players operating in the global over-night hair treatment products market are L’Oréal Paris, Johnson & Johnson Consumer Inc. (Neutrogea), IGK Hair, Arvazallia, Briogeo, Sachajuan, Anthem USA, and others.

Market Segmentation

The over-night hair treatment products market is segmented into different parts based on the product type, price, application, and sales channel.

On the basis of product type

Hair Masks
Conditioning Mask
Moisture Mask
Oil Mask
Hair Serum
Hair Gel (Water Based)

On the basis of price

High Range
Mid-Range/ Economy

On the basis of demography

Women
Unisex

Based on application

Household
Commercial
Spa & Salon, Hair Treatment Centers
Hotels
Others

On the basis of the sales channel

Direct
Indirect
Hypermarket/Supermarket
Specialty Stores
Multi-Brand Stores
Independent Small Stores
Online

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

Author

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:

Nandini Singh Sawlani