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In 2023, the global mechanical locks market is estimated to be valued at US$ 7,112.1 million and is expected to reach US$ 10,426.9 million by 2033. The adoption of mechanical locks is likely to advance at a CAGR of 3.9% during the forecast period.

Factor that Fueling the Business:

• Increasing security concerns and higher crime rates are driving the demand for robust locking systems in the mechanical locks market.
• Advancements in lock technology, including keyless entry and biometric locks, are providing enhanced convenience and security, further boosting market growth.
• The rising adoption of smart home automation systems is a key driver for integrated mechanical locks, as they seamlessly integrate with these systems.
• As consumers seek more convenience and advanced security features for their homes and properties, the demand for mechanical locks continues to grow.
• The versatility of mechanical locks in offering various levels of security and access control contributes to their widespread adoption in residential and commercial settings.

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Consumers are increasingly preferring stainless-steel locks over mechanical locks made of other materials due to their cost-effectiveness and easy availability.

Besides this, sales of grade 1 mechanical locks are expected to soar as this grade of locks offers maximum protection. Further, demand for mechanical locks in the U.S. is expected to remain high over the assessment period. The country is anticipated to dominate the North America mechanical locks market, owing to increasing adoption of tubular and two-way locks, along with rising demand for advanced locking systems in recreational spaces.

Key Takeaways:

• Demand for mortise locks is expected to soar through 2031, owing to high durability and easy accessibility.
• Grade 1 mechanical locks will remain highly sought-after as they offer the highest degree of protection and can be fitted in all door types.
• In terms of applications, the external facilities segment is projected to account for the maximum market share of the total mechanical locks market.
• Based on material, sales of stainless-steel mechanical locks are expected to rise at a steady pace through 2031.
• The U.S. is expected to dominate the North America mechanical locks market, due high demand for advanced security systems in residential and recreational spaces.
• The U.K. will continue exhibiting high demand for mechanical locks from the hospitality sector for improved security.
• China will emerge as a lucrative pocket, accounting for a dominant share in the East Asia mechanical locks market.
• Japan and South Korea will account for 35% and 21% of the total mechanical locks market share respectively.

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Competitive Landscape

Serrature Meroni Spa, DOM Security, Codelocks Inc., ECO Shulte GmbH & Co. KG, ASSA ABLOY AB, The Eastern Company, Dormakaba Holdings AG, Yale Security, Inc. Winkhaus Austria GmbH, Allegion Plc., Spectrum Brands, Inc., August Bremicker Söhne KG, Draper Tools Ltd, EVVA Sicherheitstechnologie GmbH, and Nuova Oxidal SRL are among some of the leading players operating in the global mechanical locks market.

Top 5 players in the mechanical locks market are expected to account for 10-15% of the total mechanical locks market share over the forecast period.

Leading players operating in the global mechanical locks market are aiming at product portfolio expansions through research and development. Apart from this, players are investing in mergers, acquisitions, collaborations, and partnerships to expand their global footprint. For instance:

• In August 2021, Dormkaba signed an agreement to acquire Australian Reliance Doors and Best Doors Australia Groups (RELBDA), a leading provider of garage doors, automatic openers, industrial doors, and related hardware like mechanical locks.
• In September 2020, Mul-T-Locks Group announced its plans to establish a subsidiary in the UAE with an investment of approximately US$ 1.5 Mn.

Mechanical Locks Market by Category

By Product Type:

• Mortice
• Cylindrical
• Tubular
• Interconnected
• Deadbolt

By Material:

• Aluminum
• Stainless Steel
• Copper
• Steel

By Application:

• Doors
• Furniture
• Suitcase
• External Facility
• Bicycles

By Grade:

• Grade Level 1
• Grade Level 2
• Grade Level 3

Region:

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

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,
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In 2023, the baby bath and shower products market size is estimated to be valued at US$ 3 billion and is expected to surpass US$ 6 billion by 2033. The adoption of baby bath and shower products is likely to advance at a CAGR of 7.2% during the forecast period.

• Trusted brand names are becoming increasingly important for customers when making purchase decisions in the baby care industry.
• The popularity of a brand name is often perceived as a guarantee of quality by consumers, leading to a preference for well-known brands.
• This trend has resulted in a surge in demand for baby bath and shower products, particularly among concerned parents who prioritize quality and safety for their infants.
• Established brands with a strong reputation for producing safe and effective baby care products are benefiting from this trend, experiencing increased sales and market share.
• Brand recognition and reputation play a significant role in influencing consumer choices, driving the growth of the baby bath and shower products market.

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Furthermore, due to their proven benefits, ensuring safe and radiant skin, products based on micro-biome technology are in high demand. JooMoo Ltd., for example, produced a baby body wash with its own Microbiota Immune Response Control (MIRR) technology.

This ‘three-in-one’ product, is offered on various sales platforms and are designed to cleanse, disinfect, and moisturise the baby skin. As a result, the growth of the bath and shower products industry is likely to be aided by the introduction of biotechnology.

FMI in its latest study has forecasted the market to rise at a CAGR of 6.1% between 2021 and 2031, in terms of volume of sales.

Key Takeaways from the Baby Bath and Shower Products Market Study

• The U.S. will remain a leading baby bath and shower products market, accounting for over 76% of sales in North America in 2021.
• Rising demand natural and chemical-free ingredients in baby shampoo and soaps is expected to drive the sales in the Japan and South Korea.
• In terms of product type, soap and shower gel is expected to hold a dominance through the forecast period.
• Baby bath and shower products demand to rise at 4.8% in the U.K. Sales however will surge at a higher pace in France and Spain.
• Despite hypermarkets/ supermarkets’ dominance, sales via online retailers are expected to increase at a higher rate.

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Key Players in the Market

• Kimberly Clark
• Johnson & Johnson’s Company
• Procter & Gamble Company
• Unilever
• Wipro
• Burt’s Bees
• Avon Products, Inc.
• Beiersdorf AG
• Loreal SA
• Chicco
• Babyganics
• Himalaya
• Sebapharma
• Weleda
• Green People

Get Valuable Insights into the Baby Bath and Shower Products Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global baby bath and shower products market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the baby bath and shower products market based on the product type (shampoo, conditioner, soap and shower gel, and others), price (premium baby care products (>US$ 50) and mass baby care products (US$ 0-US$ 50), and sales channel (hypermarkets/ supermarkets, specialty stores, multi-brand stores, online retailers, wholesalers & distributors, and other sales channels), across seven major regions.

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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In 2023, the cosmetic pencil and pen market would be worth US$ 2.8 billion and is expected to reach US$ 5.7 billion by 2033. Likely to register a 7.5% CAGR from 2023 to 2033.

The high adoption of cosmetic products is expected to boost the growth of the cosmetic pencil & pen market over the forecast period. Collectively, Asia Pacific and Europe are expected to account for 65% revenue share of the cosmetic pencil & pen market by the end of 2033.

According to the major findings of this report, global cosmetic pencil & pen market is projected to witness considerable growth over 2014-2025 because of a number driving factors including growing e-commerce industry and increasing demand for cosmetic product. The research reveals that the key players of cosmetic pencil & pen are adopting e-commerce channels for sales and promotion.

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The e-commerce industry is growing at a good pace and is expected to contribute to the increasing sales of cosmetic products, and simultaneously influence the emerging trends in the global cosmetic pencil and pen market during the forecast period. E-commerce provide small and local manufacturers a large platform to do business, which is expected to increase in market share by reaching new customers.

Consumers are attracted towards the buying process provided by the e-commerce industry, it speeds up the buying process and saves time. It also provides a comparative study about the product with reduced cost, and this will bolster online sales of cosmetic pencil & pens in the coming future.

Asia Pacific to Hold One-Third Revenue Share; Market Leaders to Expand Their Presence in the Region

The FMI study finds that China, South Korea and Japan are the leading exporter and importer of cosmetic product in the Asia Pacific region, and these countries cumulatively accounts for approximately 2/3rd of the total Asia Pacific cosmetic pencil & pen market. It is due to increase in per capita income of working women and increasing attention towards fashionable cosmetic product.

Europe is also expected to witness a positive outlook towards cosmetic pencil and pen in the forecast period followed by the Asia Pacific region. France and U.S. are the leading exporters in the global market. It is due to presence of key players in cosmetic pencil & pen manufacturing. Leading European cosmetic pencil & pen manufacturers are entering into potential market of Asia pacific, and more often in Southeast Asia.

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The tier 2 companies are also planning to expand their presence in the global market with increased production capacity with acquisition and mergers. Growing penetration of local manufacturers in their respective regions also fuels the cosmetic pencil & pen market. Furthermore, emerging economies of Latin America such as Mexico and Argentina are expected to have potential in the cosmetic pencil & pen market during the forecast period. All these factors will create demand for cosmetic pencil & pen in the coming years.

Cosmetic Pencil & Pen Market: Vendor Insights

• Leading cosmetic companies such as
• Intercos S.p.A,
• Swallowfield PLC,
• Schwan-STABILO
• Cosmetic GmbH & Co. KG and

HCT Group are focusing on developing innovative product and also focusing on expanding its geographical presence to sustain in the market. The companies providing various types of cosmetic pencil & pen with increase product offering help them to increase the revenue and sales of the company.

Some of the other key players in the global cosmetic pencil & pen market are

• Alkos Cosmetiques SAS,
• Oxygen Development LLC,
• JOVI S.A,
• A.W. Faber-Castell Cosmetics GmbH,
• Confalonieri Matite S.R.L,
• Columbia Cosmetics Manufacturing Inc,
• Eugeng International Trade Co., Ltd.,
• Quadpack Spain SL,
• Ningbo Beautiful Daily Cosmetic Packaging Co., Ltd.,
• The Packaging Company, and
• Alovey Cosmetic Packaging Co.,Ltd.

Key Segments Covered in Cosmetic Pencil & Pen Industry Research

By Material :

• Plastic
• Wood
• Metal

By Product Type :

• Sharpenable Wooden Pencils
• Sharpenable Molded Pencils
• Mechanical Pencils

By Application :

• Eye
  • Eyeliner & Kajal
  • Eye Shadow
  • Eye Brow
  • Mascara
• Lip
  • Lip Liners
  • Lipsticks
  • Lip Gloss
• Clean-up Pencils
• Concealer Pencils
• Cheek Balms
• Sculpting Pencils
• Skin Glossing Pencils

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 5000 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
LinkedIn| Twitter| Blogs | YouTube

In 2022, the global custom leadership development program market size reached a valuation of US$ 27,227.4 million. Over the projection period, from 2023 to 2033, sales are projected to exhibit a 10.8% CAGR. The market is expected to arrive at US$ 29,890 million in 2023 and is projected to hold a total market revenue of US$ 83,028.2 million by 2033 end.

In an increasingly competitive landscape, companies are realizing thе stratеgic advantage of investing in their leadership pipeline to retain top talent. It helps attract high-potential candidates and maintain a competitive edge. Custom leadership dеvеlopmеnt programs help organizations attract and retain top talent and foster a culture of continuous learning and growth. This will ultimately contribute to the long-term success and sustainability of this business.

The custom leadership development program market is driven by the imperative for organizations to cultivate a cadre of capable leaders who can guide them toward future success.

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Another factor that will lead to growth in the market is the growing demand for customized learning solutions. By addressing the unique development needs of current and potential leaders, custom programs can help organizations build a strong leadership pipeline, ensuring continuity and growth.

Organizations that invest in personalized leadership development programs may gain a competitive edge by fostering a continuous learning and development culture, which can attract and retain top talent.

Custom Leadership Development Program Market Driving Factors:

• The custom leadership development program market experienced notable growth and evolution from 2018 to 2022.
• Increased demand for customized leadership training solutions was observed across diverse industry sectors during this period.
• Organizations began to realize the critical importance of fostering leadership talent to effectively navigate the complexities of a rapidly changing business environment.
• As a result, there was a significant increase in investment in custom leadership development programs, both internally within organizations and through external providers.
• These programs aimed to cultivate leadership skills and competencies that were tailored to address the specific needs and challenges of each organization.
• The emphasis on tailored leadership training solutions helped businesses enhance their leadership capabilities and effectively drive growth and innovation.

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Key Takeaways from the Global Custom Leadership Development Program Market Study

• The global market is set to register a CAGR of 10.8% between 2023 and 2033.
• Revenue generated from the demand will likely to reach at US$ 83,028.2 million by 2033.
• On the basis of type of learner type, individual/private learner hold a prominent share of 55.7% in the market.
• As per the mode of learning, virtual lеarning holds a dominant share of 61.4% in thе markеt.
• In terms of program participants, the business owner segment is very high and they are expected to hold a market share of 26.5% in 2022

“Rising inclination towards personalized learning solution will aid in the growth during the forecast period. Key manufacturers are investing in developing high-quality leadership content and staying updated with the new leadership trends,” Says Sneha Varghese (Senior Consultant, Consumer Products and Goods).

Competitive Landscape of the Global Custom Leadership Development Program Market

Key manufacturers are implementing advanced technology such as AI, VR, or e-learning platforms to enhance the effectiveness and accessibility of leadership training programs. They are expanding their reach by offering programs in multiple languages and catering to international clients. They also incorporate data-driven insights to assess program effectiveness and make continuous improvements. They offer various delivery formats, such as in-person, virtual, or blended learning, to accommodate different learning preferences.

Key Companies in the Global Custom Leadership Development Program Market

• In April 2023, The unlock your leadership ability knowledge, a scalable, economical integrated leadership growth program for frontline and mid-level leaders, is now available from Entelechy.
• In October 2022, DePaul Executive Education introduced new online credentials for individuals and tailored programs created for organization partners.

Custom Leadership Development Program Market Outlook by Category

By Program Participants:

• Business-Owners
• Junior/Entry-level Employees
• Managers
• Mid-level employees
• Senior Executives
• Students

By Learner Type:

• Group/Small Team Leaders
• Individual/Private Learners

By Mode of Learning:

• Classroom
• Virtual
• Live Online
• Pre-recorded
• Blended

By Duration

• 1 to 3 Months
• 3 to 6 Months
• 6 Months to 1 Year
• More than 1 Year

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
LinkedIn| Twitter| Blogs | YouTube

In 2023, the global resistance bands market is expected to reach US$ 1,284.85 million. According to the recent report by Future Market Insights (FMI), the resistance bands market size is estimated to stand at US$ 4,172.32 million by 2033. Over the forecast period, the market is assessed to trail at a CAGR of 12.5%.

The surge in physical activities at home has led to an increase in the demand for easy-to-use fitness products, thus boosting market growth. In addition, the government has initiated health programs that are targeted to improve the fitness of citizens and are also acting as catalysts in market growth.

Moreover, effective marketing tactics and expansion of the organized retail sector are leading to enhance revenue generation in the market.

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The market is poised to grow on account of the enormous growth of the fitness industry. The growing awareness of the importance of health and fitness has had a greater impact on the resistance bands market. Due to an upsurge in the exercising routines, the demand for fitness equipment is escalating.

Additionally, the growing demand for cost-efficient home workout fitness products has contributed to the rise in market revenue. Technological advancements and innovations have resulted in the launch of smart resistance bands outfitted with Bluetooth sensors and are supporting the growth of the market.

Heightened Popularity of Strength Training to Boost Market Growth

• Sports trainers, rehabilitation physicians, physiotherapists, and orthopedists are increasingly adopting intriguing exercise methods.
• These practitioners utilize resistance bands as part of their treatment plans to help patients regain strength and mobility.
• The use of resistance bands in rehabilitation centers is expanding, as they prove to be effective tools in aiding patients’ recovery.
• Resistance bands offer a versatile and adaptable form of exercise, allowing for targeted muscle strengthening and rehabilitation exercises.
• The rising adoption of resistance bands in rehabilitation settings reflects the growing recognition of their effectiveness in promoting physical rehabilitation and recovery.

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Companies Creating Fresh Inventions to Upscale Market Growth

In September 2022, the premier luxury lifestyle platform of India, Tata CLiQ Luxury, ventured into the fitness category by unveiling the ‘Workout Studio’, which is a premium home fitness store. The platform presents easy access to selected high-performance and high-tech premium fitness products from a vast assortment of brands across multiple specialized categories. To uplevel the exercise routines, the company’s home gym accessories category includes products like resistance bands, pads, balance boards, dumbbells, mats, and much more.

In August 2021, TRX, a global leader in world-class training content and functional training products, redefined resistance band training with the introduction of TRX Bandit, a recent fitness innovation. The product is an ergonomically-engineered handle that seamlessly snaps onto one or more strength bands for better comfort. Thereby, allowing users to concentrate on form, control, and overall improved movement patterns during endurance, strength, and mobility training.

Key Companies Profiled

Performance Health, LLC (TheraBand), Wacces, Black Mountain Products Inc., Prosource, ZAJ FIT, Xtreme Bands, Bodylastics International Inc., Fitness Anywhere LLC