Pour Point Depressants Industry Targets US$ 2.46 Billion by 2028 with a 3.2% CAGR

According to the report, the global pour point depressants industry is expected to exhibit a CAGR of 3.2% from 2022 to 2028. The market was worth US$ 1.97 billion in 2022 and is expected to be worth US$ 2.46 billion by the end of 2028.

A fresh research report on pour point depressants has been published by Future Market Insights (FMI). The report’s title is “Pour Point Depressants Market: Global Industry Analysis 2013-2021 and Opportunity Assessment 2022-2028.”The expansion of the automotive industry has significantly boosted the global pour point depressants market. Because of expanding oil commerce and use in cold locations, pour point depressants are in considerable demand.

Population growth will enhance demand in the automotive and industrial industries. This huge increase in demand will boost global use of pour point depressant-based products.

Don’t Miss Out – Grab Your Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-1504

Companies operating in the global market are pulling up their socks and getting into mergers and acquisitions to increase their consumer base and promote product expansion in order to satisfy the increasing demands of consumers.

In 2017, BASF PETRONAS Chemicals started a new plant for the engineering of HR-PIB, an important intermediate used in the manufacturing of high performance fuel and lubricant additives. The annual capacity of the company’s plant in Gebeng, Kuantan, Malaysia is 50,000 MT.

Automotive Industry to be the Biggest Support System of the Global Market

The burgeoning urbanisation, industrialisation, and economic growth across the globe is advancing the demand for automobiles in the worldwide market. This in turn is accelerating the demand for pour point depressants to be used in lubricants additives, which can hence withstand the low temperatures in American and European countries. The growing disposable income of people is compelling investors to invest more in the automotive industry.

The ever increasing demand for vehicles has encouraged automobile manufacturers to improve production output to accommodate growth, thereby positively impelling lubricant additives sales in the global automotive market. Consumers, at present, prefer premium quality lubricants, which will enhance the performance of the engine and prevent any kind of engine related issues. This is expected to further boost the demand for pour point depressants in the lubricant industry.

Rules Governing Automotive Emissions to Act as a Roadblock to Revenue Growth

Examining the effect of carbon emissions from automobiles, several governments and regulatory bodies are enforcing strict regulations on automobile manufacturers. Petrol- and diesel-based automobiles are the core reasons behind air pollution as they emit a significant amount of nitrogen oxide, carbon monoxide, and other pollutants into the air. Adding to this, transportation is responsible for over half of nitrogen oxides and carbon monoxides and nearly a quarter of the hydrocarbons released into the atmosphere. As a result of such regulations, automobile manufacturers are looking to manufacture CNG vehicles, causing a challenge for the market for pour point depressants.

Discover More, Request the Brochure:
https://www.futuremarketinsights.com/reports/brochure/rep-gb-1504

Competitive Landscape

Leading players operating in the pour point depressants market are constantly upgrading their product portfolios. They have adopted various organic and inorganic strategies such as partnerships, advanced product launches, collaborations, price reduction, acquisitions and establishment of new facilities to gain a competitive edge in the market. For instance,

  • In September 2019, Clariant Oil Services launched a breakthrough WAXTREAT SubZero pour point depressant technology for cold climatic regions. The technology will help oil production companies to overcome the challenges associated with the transportation of waxy crude oils.
  • In November 2021, Evonik announced Brenntag Bulgaria EOOD as its new distribution partner in Greece.
  • In November 2019, Evonik expanded its production capabilities for polyalkylmethacrylate based viscosity modifiers to meet the rapidly rising demand.

The other companies operating in the global pour point depressants market are Akzo Nobel N.V., Evonik Industries AG, Clariant, Chevron Corporation, NewMarket Corp., Shengyang Greatwall Lubricant Oil Co., Ltd., and Puyang Jiahua Chemical Co., Ltd., among others.

Key Segmentation

By Chemical Compositions:

  • Poly Alkyl Methacrylate
  • Styrene Ester
  • Alkyl Aromatic Polymer
  • Alkylated Polystyrene
  • Others

By Base Oil Additives:

  • Group I
  • Group II
  • Group III

By End Use Industry:

  • Lubricants
  • Oil & Gas

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia
  • Japan
  • China
  • 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 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

Silicon Tetrachloride Industry Forward Momentum: 4.5% CAGR Forecast for 2022 to 2027

The global silicon tetrachloride industry is expected to create a valuation of about US$ 2,277.4 Mn in 2022. The global business is further estimated to witness a considerable CAGR of 4.5% during the period of 2022 and 2027.

The FMI Research Institute has published a new research titled “Silicon Tetrachloride Market: Global Industry Analysis 2012 – 2021 and Opportunity Assessment 2022 – 2027.”According to the report, rising demand for chemical intermediates is expected to drive demand for silicon tetrachloride.

Because silicon tetrachloride is used as an intermediate in the production of polysilicon, its demand is increasing in some vertical industries and is expected to remain constant in the next years.

Access Your Sample Report for Valuable Insights! https://www.futuremarketinsights.com/reports/sample/rep-gb-6392

Growing Demand for Optic Cable to Bode Well for Industry Growth

High purity silicon tetrachloride is a major raw material used for the manufacturing of optic cable preform, which is used in the manufacturing of optic cables. In the recent past, supported by the growth of 4G, 5G, LTE, FFTx and the IoT, there has been a significant increase in the demand for optic cables across the globe.

China, U.S. and Japan constitute around 80% of total optic cable preform manufacturing and in terms of consumption, China accounted for nearly 58% of total optic fibre preform in 2022. A constantly increasing demand for optic cables will boost the demand for optic cable preform, which will subsequently drive the silicon tetrachloride market over the forecast period.

However, the government of China has imposed rules and regulations on the manufacturing of silicon tetrachloride, which is produced as a by-product during the production process of polysilicon. The government of China has imposed a minimum recycle rate of 98.5% on silicon tetrachloride and the initial capital cost of silicon tetrachloride recycling facility is high and the operating cost is high as well, which in turn, is increasing the price as well as limiting the supply of silicon tetrachloride. This might adversely affect the growth of the silicon tetrachloride market over the forecast period.

Ask for Customization For This Report: https://www.futuremarketinsights.com/customization-available/rep-gb-6392

Adoption of Silicon Tetrachloride to be High in China Among all Regions

The growing use of silicon tetrachloride in China can be attributed to the lucrative growth of the solar industry in the region. One of the core raw materials used in the manufacturing of solar panels is silicon tetrachloride. The focus on solar energy in the region is expected to spur the demand for silicon tetrachloride in the coming years.

Moreover, the snowballing effect of the semiconductor industry and the rising progress of the paints and coatings industry is anticipated to increase the adoption of silicon tetrachloride in the region in the years ahead.

The increasing demand for chemical intermediate in the manufacturing industry is also expected to propel the demand for silicon tetrachloride in the region. However, the dependence of the region on cyclical end-use industries and the several restrictions imposed on silicon tetrachloride owing to harmful health impacts might slow down the growth of the market in the region.

Evonik Industries to Emerge Undefeated

In 2021, Evonik Industries accounted for over 40% of the global market share and is expected to retain its dominance in the market over the course of the forecast period. The other companies operating in the market are Cabot Corp., Wacker Chemie AG, The Linde Group, DowDuPont Inc., Tokuyama Corporation, Air Liquide S.A., and OCI Company Ltd., among others.

Seize the Opportunity – Buy Now:
https://www.futuremarketinsights.com/checkout/6392

Key Segmentation

By Grade:

  • Electronics Grade
  • Technical  Grade

By Application:

  • Chemical Intermediate
    • Trichlorosilane (Polysilicon)
    • Fumed Silica
  • Silicone Rubber
  • Optic Fiber Preform
  • Others

By Region:

  • North America
  • LAMEA
  • Europe
  • China
  • India
  • Japan
  • South East Asia & Pacific

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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

Countertop Industry Outlook: Anticipating US$ 709.7 Billion by 2026 with a 5.0% CAGR

The global countertop industry is expected to reach an astounding US$ 582.9 billion in 2022, indicating that it is ready for tremendous growth. This upward trend is predicted to continue, with a strong compound annual growth rate (CAGR) of 5.0%, reaching a significant market size of $709.7 billion by 2026.

The increased demand for countertops, which are used in workrooms, restrooms, retail areas, labs, and kitchens, is a major cause of this increase. A comprehensive selection of readily available prefabricated countertop solutions, including those suited to specific applications and equipped with built-in appliances, is projected to be a key growth driver, addressing consumers’ diverse wants.

The positive trend of the countertop market is intimately linked to counters’ broad usage across different regions. Countertops are in high demand everywhere, from practical areas such as kitchens and bathrooms to commercial settings such as retail stores and laboratories. The availability of a number of prefabricated countertop solutions adaptable to diverse settings and needs is expected to play a crucial role in propelling the market forward. As a result, the countertop market is poised for significant growth, indicating a profitable landscape with evolving client preferences and an expanding number of application areas.

Don’t Miss Out – Grab Your Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-6347

The report offers in-depth analysis on significant trends and growth drivers which are having an impact on the Countertop market growth. New opportunities and challenges are also thoroughly analyzed to enable market players to make effective future business decisions.

Key Questions Addressed in the Countertop Market Report

  1. What are headwinds and tailwinds shaping the growth curve of the global Countertop market?
  2. Which factors will continue to influence growth of the regional Countertop market?
  3. What are the recent technological developments in the Countertop market?
  4. What are key challenges and competition threats faced by Countertop market players?
  5. How will evolving regulatory policies impact the market growth?

Countertop Market: Competition Assessment

The FMI’s Countertop market report provides a dashboard view of major players operating in the Countertop market. Some of the key players are:

  • Caesarstone Ltd.
  • Illinois Tool Works Inc.
  • Pokarna Ltd.
  • E. I. duPont de Nemours and Company
  • Cosentino Group
  • Silestone
  • AKG Group
  • Vicostone
  • Cambria
  • Aro Granite Industries Ltd.
  • Asian Granito India Ltd.

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Countertop market.

Unlock Exclusive Access – Buy Now: https://www.futuremarketinsights.com/checkout/6347

Key Segmentatiom

By Material Type:

  • Granite
  • Solid Surfaces
  • Laminates
  • Engineered Quartz
  • Marble
  • Others

By End Use Industries:

  • Residential
  • Non-Residential

By Construction Activity:

  • New Construction
  • Renovation

By Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • 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 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

Digital Signature Market: A 20.8% CAGR Propels Valuation to US$ 21,455.6 Million by 2023

The digital signature market is poised for remarkable growth in the coming years, with its value anticipated to reach a staggering US$ 21,455.6 million by 2023. This projection represents an impressive 20.8% (CAGR) from 2023 to 2033. The escalating adoption of digital signatures across various industries, driven by the need for secure and convenient document authentication, is a key factor fueling this substantial market expansion.

With the increasing emphasis on data security and the proliferation of digital transactions, businesses and individuals alike are recognizing the advantages of digital signatures in streamlining processes and ensuring the integrity of electronic documents. As a result, the digital signature market is set to witness robust and sustained growth over the next decade, transforming the way we validate and secure our digital interactions.

Get Instant Access to Your Visuals-Packed Report, request a sample at
https://www.futuremarketinsights.com/reports/sample/rep-gb-14592

Key drivers include:
Enhanced Security and Authentication: The increasing need for secure and tamper-proof document signing methods has led to the rise of digital signature solutions. With advanced encryption algorithms, digital certificates, and biometric authentication techniques, these solutions offer a higher level of security and authentication compared to traditional paper-based signatures. Organizations across industries are embracing digital signatures to mitigate the risks of fraud, unauthorized alterations, and identity theft.

Cost and Time Efficiency: The digital signature industry offers significant cost and time savings compared to traditional signing methods. By eliminating the need for physical paperwork, printing, and transportation, businesses can streamline their document signing processes and reduce operational costs. Additionally, digital signatures enable remote signing, allowing stakeholders to sign documents from anywhere, anytime, without the need for in-person meetings, thereby accelerating transaction cycles.

While the digital signature industry presents numerous opportunities, it also faces certain challenges and restraints that must be overcome for sustained growth which include:
Legal and Regulatory Frameworks: Different regions and countries have varying legal and regulatory frameworks governing the use of digital signatures. Compliance with these frameworks can be complex, as businesses need to ensure their digital signatures are legally recognized and enforceable. Navigating through these regulations and ensuring adherence can be a challenge for industry players.

Resistance to Change: Despite the clear benefits of digital signatures, some individuals and organizations may exhibit resistance to change. This resistance can stem from a lack of awareness, concerns about data security, or skepticism about the reliability of digital signatures. Educating and creating awareness among potential users and addressing their concerns is essential for the wider adoption of digital signature solutions.

Request for Customization
https://www.futuremarketinsights.com/customization-available/rep-gb-14592

The digital signature industry presents several promising opportunities for growth and innovation, opportunities arise from:

Digital Transformation Initiatives: As businesses and organizations increasingly embark on digital transformation journeys, the demand for digital signature solutions is set to rise. Companies that offer comprehensive digital signature platforms and integrate seamlessly with other digital technologies will have a competitive advantage in meeting the evolving needs of customers.

Expanding Application Areas: While digital signatures have gained traction in industries such as banking, finance, and legal services, there is immense potential for expansion into other sectors. Healthcare, real estate, government, and education are among the industries where digital signature solutions can streamline workflows, improve efficiency, and enhance security.

Latest Trends Observed in Digital Signature: The digital signature industry is witnessing continuous advancements and evolving trends that shape its landscape.

Some noteworthy trends include:

  • Blockchain Integration: Integrating blockchain technology with digital signature solutions offers enhanced security, immutability, and transparency. Blockchain ensures tamper-proof records of digital signatures, creating an immutable audit trail that boosts trust and credibility.
  • Mobile-First Approach: With the proliferation of smartphones and mobile devices, there is a growing emphasis on mobile-friendly digital signature solutions. Mobile applications and platforms that enable convenient and secure digital signing on the go are gaining popularity among users.
  • Artificial Intelligence (AI) Capabilities: AI-powered digital signature solutions leverage machine learning algorithms to automate document classification, signature verification, and authentication processes. These intelligent systems enhance accuracy, efficiency, and user experience.

Key Takeaways From The Digital Signature Market:

  • The United States controls the worldwide digital signature industry with a value share of 16.2%.
  • Germany accounts for 10.3% of the overall value of the global digital signature market.
  • Australia has 6.5% of the global market for digital signatures.
  • China is exhibiting a phenomenal CAGR of 23.1% in the global digital signature industry.
  • In the global market for digital signatures, India has a phenomenal CAGR of 24.3%.
  • Japan accounts for 3.8% of the global digital signature market value.
  • On-premise implementation dominates the digital signature industry, accounting for 61.3% of all deployments.
  • The Banking, Financial Services, and Insurance (BFSI) sector accounts for 17.2% of the digital signature industry.

What are Key Players Doing to Thrive in the Digital Signature Market?
The digital signature industry is highly competitive, driven by continuous advancements in technology and increasing demand for secure and efficient digital transaction solutions. The competition is shaped by ongoing technological advancements, regulatory compliance requirements, integration capabilities, and user-centric design. Companies that effectively address these factors and deliver secure, compliant, and user-friendly digital signature solutions are well-positioned to thrive in this dynamic market.

Companies are investing heavily in developing advanced encryption algorithms, biometric authentication methods, and user-friendly interfaces. These innovations aim to enhance the security and user experience of digital signatures, making them more accessible and reliable for individuals and businesses.

Compliance with legal and industry-specific regulations is a critical aspect of the digital signature industry. Companies are focused on developing solutions that adhere to global standards, such as eIDAS (Electronic Identification, Authentication, and Trust Services) in the European Union and the ESIGN Act in the United States. Ensuring compliance with these regulations is essential to gain the trust and confidence of customers.

Immediate Access: Buy Today for a Comprehensive Report
https://www.futuremarketinsights.com/checkout/14592

Digital Signature Market Segmentation:

By Deployment:

  • Cloud-based
  • On-Premises

By Industry Vertical:

  • BFSI
  • Real Estate
  • Education
  • Government
  • Healthcare
  • Retail
  • Transportation
  • Legal Processes
  • Other Verticals

By Region:

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

Exploring the Thriving Decompression Toys Market with a Projected CAGR of 5.3% to 2033 | FMI

In 2023, it is expected that the decompression toys market will be worth US$ 2,748.1 million. From 2023 to 2033, the market is anticipated to grow at a CAGR of 5.3% and reach US$ 4,606.1 million in value. The market is anticipated to expand due to the rise in recent years in the sales of toys designed to reduce stress.

The decompression toys industry is witnessing several drivers that contribute to its growth and popularity. Growing awareness about mental health and stress management leads individuals to seek effective relaxation methods.

The increasing prevalence of anxiety-related disorders has created a demand for toys that promote stress relief and emotional well-being. Moreover, the influence of social media and viral trends plays a significant role in driving the adoption of decompression toys as users share their experiences and recommendations. Lastly, the shift towards holistic approaches to well-being has fueled the demand for toys that provide a sense of calm and relaxation.

Receive Your Sample Report and Conquer the Market: https://www.futuremarketinsights.com/reports/sample/rep-gb-13223

Despite its rapid growth, the decompression toys industry faces challenges and restraints. Intense competition from established and emerging players poses a hurdle for companies in the market. Maintaining high product quality and safety standards is crucial to gain consumer trust and loyalty. Additionally, meeting consumers’ diverse preferences and expectations can be challenging, as individuals have varying needs when it comes to stress relief. Furthermore, managing the complex supply chain and logistics can be a restraint, especially for companies looking to scale their operations and meet increasing demand.

The decompression toys industry offers several promising investment opportunities. Research and development efforts can lead to innovative toy designs and features that enhance the user experience. Collaborations with mental health professionals and therapists present opportunities to create specialized toys that cater to specific needs. Exploring untapped markets and geographical regions can expand the customer base and increase market reach. Furthermore, developing customizable and personalized options allows companies to cater to consumers’ unique preferences, providing them with a sense of ownership and customization.

The decompression toys industry is witnessing several exciting trends. Integration of technology, such as smart sensors and interactive elements, enhances the functionality and engagement of toys. Sustainable and eco-friendly manufacturing practices align with the growing environmental consciousness among consumers. Customized and DIY decompression toy kits are gaining popularity, allowing users to personalize their toys and engage in creative activities. Additionally, the fusion of traditional toys with modern therapeutic concepts offers a unique and refreshing approach to stress relief, combining nostalgia with the benefits of decompression toys.

Request Our Methodology to Enhance Your Insights: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-13223

Key Takeaways from the Decompression Toys Market:

  • In 2023, the decompression toys market in the United States dominated, capturing a significant market share of 22.6%.
  • Germany showcased its significant contribution to the decompression toys industry, securing a market share of 5.3% in 2023.
  • Japan demonstrated steady growth in decompression toys industry, capturing a share of 4.5% in 2023.
  • Australia is projected to experience a relatively stable growth rate in the forecast period, with a CAGR of 1.7%.
  • China is expected to witness a robust CAGR of 7.3%, reflecting its population’s increasing adoption of decompression toys.
  • As an emerging market for decompression toys, India is set to exhibit a CAGR of 7.6%.
  • The United Kingdom is estimated to experience a CAGR of 4.9%, indicating steady growth and favorable conditions for the decompression toys market.
  • The decompression cube dominates the product type category in the decompression toys industry, with a market share of 38.6%.
  • With a market share of 38.6% in the material type category, rubber emerges as the dominant sector.

What are Key Players Doing to Thrive in the Decompression Toys Market?

The competition in the decompression toys industry is dynamic and evolving, characterized by established players and emerging brands. Several companies are actively engaged in the production and distribution of decompression toys, aiming to capture a significant share of the market.

Key players in the industry employ various strategies to gain a competitive edge. This includes product innovation, where companies continuously introduce new designs and features to attract customers. They focus on creating toys that offer effective stress relief and relaxation, incorporating unique sensory experiences and engaging tactile elements.

Brand reputation and customer trust play a crucial role in the competitive landscape. Established companies with a strong brand presence often enjoy a loyal customer base and benefit from extensive marketing efforts. They leverage their reputation to expand their market share and reach a wider audience.

Distribution channels also play a vital role in the competitive landscape. Companies strive to establish strong partnerships with retail outlets, online platforms, and specialty stores to ensure the broad availability and accessibility of their products. Effective supply chain management is crucial for timely delivery and meeting customer demands. Moreover, customer engagement and marketing strategies play a significant role in staying competitive. Brands leverage social media platforms, influencers, and online communities to create brand awareness and engage with their target audience. They focus on building customer relationships through interactive content, educational resources, and personalized experiences.

Key Players

  • Chang Qing Shu Toys
  • Antsy Labs
  • Tangle Creations
  • Lego
  • MOKURU
  • Bandai America Incorporated
  • Zuru Toys
  • Shenzhen Belxin
  • Qingdao Brilliant International
  • Yiwu Flybear Toy Company Limited
  • Crazy Aaron Enterprises Inc.
  • Auldey

Key Segments Profiled in the Decompression Toys Industry Survey

Decompression Toys Market by Product Type:

  • Decompression Cube
  • Decompression Gyro
  • Decompression Magnetic Fluid

Decompression Toys Market by Material Type:

  • Plastic Decompression Toys
  • Rubber Decompression Toys
  • Fabric Decompression Toys
  • Metal Decompression Toys
  • Wood Decompression Toys

Decompression Toys Market by Brand:

  • Generic
  • Shivsoft
  • Juliana
  • Premsons
  • Trinkets

Decompression Toys Market by Price:

  • Under US$ 25
  • US$ 25 to US$ 50
  • US$ 50 to US$ 100
  • US$ 100 to US$ 200
  • US$ 200 & Above

Decompression Toys Market by Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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

Thriving Aquarium & Fish Bowls Market on a 5.1% Growth Trajectory to Reach US$ 2.65 Billion by 2033 | FMI

The aquarium and fish bowl market is anticipated to generate US$ 1.61 billion in 2023 and US$ 2.65 billion by 2033, at a CAGR of 5.1% from 2023 to 2033, according to recently released research by Future Market Insights (FMI). The market share of aquariums and fish bowls in their parent industry (the fish tank market) ranges from 8% to 12%.

The utilization of aquariums and fish bowls as fascinating decorative features in both residential and commercial spaces is rapidly gaining momentum. Individuals are increasingly drawn toward the creation of visually stunning underwater landscapes involving the artistic arrangement of plants, rocks, and other embellishments. As a result, there has been an unprecedented upsurge in the market demand for aquariums and fish bowls.

The number of people keeping pets, including fish, as companions has been steadily increasing. Aquariums and fish bowls are popular choices for housing and displaying fish due to their affordability, convenience, and aesthetic appeal. The rise in pet ownership directly contributes to the demand for aquariums and fish bowls.

Request the Sample Report to Understand the Rising Demand for Market: https://www.futuremarketinsights.com/reports/sample/rep-gb-15550

The aquarium industry has seen technological advancements. Improved filtration systems, energy-efficient lighting, and automated feeding systems have been developed. These advancements make aquariums easier to maintain. They create a more accessible and enjoyable experience for hobbyists. Consequently, they drive the aquarium & fish bowls market growth.

Social media platforms and online communities cater to aquarium enthusiasts. They provide a space to share experiences and knowledge and showcase aquarium setups. This digital presence has played a significant role in popularizing the hobby. Moreover, public aquariums and tourist attractions showcase large-scale aquatic displays. They capture public interest and fascination with marine life. These establishments inspire visitors to think about having their own aquariums. As a result, there is an increased demand for aquariums and fish bowls.

The rise of online retail and e-commerce platforms has expanded the accessibility and availability of aquarium and fish bowl products. Customers can easily access a diverse selection of products, including different shapes, sizes, materials, and styles of aquariums and fish bowls. Additionally, online platforms often offer comprehensive product information, guidance, and customer support to assist buyers in making informed decisions. This trend has opened up new opportunities for both established brands and emerging players in the market.   

Discover Our Research Methods and Insights – Request Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-15550                  

Planted tanks have gained momentum since they offer a more natural and visually appealing environment for fish, mimicking their natural habitats. Live plants improve water quality by absorbing nitrates and producing oxygen, and create a balanced ecosystem within the aquarium. Additionally, live plants contribute to the overall aesthetics of the tank, enhancing its visual appeal. As people become more conscious of the well-being of their fish and the overall beauty of their aquariums, the demand for planted tanks is expected to rise.

The popularity of reef aquariums has been rising for the past few years. The growth of this trend can be attributed to advancements in reef aquarium technology, including improved lighting systems, filtration methods, and water chemistry control. Additionally, the availability of captive-bred coral species and sustainable collection practices has contributed to the popularity of reef aquariums among marine enthusiasts.

Saltwater aquariums have gained popularity among enthusiasts who are willing to invest time and resources to create a captivating and vibrant underwater ecosystem. With advancements in technology and improved accessibility to equipment and information, more hobbyists are venturing into saltwater aquarium keeping. This trend is projected to drive the aquarium & fish bowls market growth as more people seek to set up and maintain saltwater aquariums.

There is a growing emphasis on sustainable and eco-friendly products in consumer markets. This trend extends to the aquarium industry as well. Manufacturers are developing products using recycled materials and energy-efficient components. They also promote responsible fishkeeping practices. The focus on sustainability attracts environmentally conscious consumers. It contributes to the growth of the aquarium market.

Key Takeaways from the Aquarium & Fish Bowls Market

  • The aquarium & fish bowls industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 4.7% through 2033.
  • The United States held a 32.1% share of the global aquarium & fish bowls industry in 2022.
  • With a CAGR of 7.2% over the forecast period, India is predicted to develop rapidly in the aquarium & fish bowls industry.
  • In 2022, Japan had a 5.2% share of the global aquarium & fish bowls industry.
  • China’s aquarium & fish bowls industry is expected to flourish speedily, registering a CAGR of 6.8% over the forecast period.
  • Germany accounted for 6.1% of the global aquarium & fish bowls industry in 2022.

Competitive Landscape in the Aquarium & Fish Bowls Market

Key players are focusing on various strategies to maintain their competitive edge and cater to the evolving needs of consumers. They are investing in research and development to introduce innovative and technologically advanced products that enhance the overall aquarium experience.

Key players are also expanding their product portfolios to offer a wide range of options, including different sizes, shapes, materials, and designs, to cater to diverse customer preferences. Additionally, they are actively involved in marketing and promotional activities to create awareness about their products and attract potential customers. Moreover, these players undertake marketing strategies, partnerships, and collaborations to expand their distribution networks and reach a wider customer base.

Key Players

  • Aqua Design Amano
  • Tropical Marine Centre Ltd.
  • PetSmart
  • Petco
  • Petland
  • ZooMed
  • Clear-Seal
  • Juwel Aquarium
  • That Pet Place
  • Aquamerik Inc.
  • Rock’n Crab Aquatics LLC
  • Tetra
  • Arcadia Aquatic

Market By Category

By Product Type:

  • Aquarium
  • Fish Bowl

By Material Type:

  • Glass
  • Acrylic
  • Plastic
  • Others

By Shape:

  • Rectangle
  • Corner Pentagon
  • Bow front
  • Cylinder
  • Flat Back Hexagon
  • Quarter Cylinder

By Capacity:

  • Up to 5 gallons
  • Up to 10 Gallons
  • Up to 20 Gallons
  • Up to 40 Gallons
  • Over 40 Gallons

By Application:

  • Commercial
  • Residential

By Sales Channels:

  • Wholesale distributors
  • Specialty Stores
  • Aquarium shops
  • Pet Care Shops
  • Online Retailers
  • Other Sales Channel

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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

Exploring the Booming Pet Daycare Market with a Projected US$ 8.84 Billion Revenue and 8.1% CAGR by 2033 | FMI

According to research recently published by Future Market Insights, the global net worth of the pet daycare industry is expected to be close to US$ 3.74 billion in 2022. The entire demand for pet daycare services is anticipated to be around US$ 4.06 billion in the current year, 2023. Additionally, it is anticipated to grow at a CAGR of 8.1% from 2023 to 2033, reaching US$ 8.84 billion.

Moreover, there have been rising cases of depression and anxiety in recent times. To deal with these psychologists believe that adopting pets is an effective way to deal with such psychological issues. With the increase in working hours, people hardly get time to take proper care of their pets. Therefore, they turn to pet daycare to avail their services. This is as well is expected to increase the demand for pet daycare.

The rising pet humanization culture has increased the demand for pet daycare services. Humans have regarded their pets as their friends and family members. Also, they prefer to raise them with the best. With various pet organizations working on enhancing the lives of pets, governments are also spending on animal well-being.

Request the Sample Report to Understand the Rising Demand for Market: https://www.futuremarketinsights.com/reports/sample/rep-gb-15548

Moreover, certain conditions like obesity, health getting regularly affected, etc., because pets have a hard time. Pet owners often rely on pet daycare specialists to deal with the above situations effectively.

Another vital factor that has positively impacted the pet daycare market trends is the increase in disposable income. A decade back, availing of this facility was something that pet owners had to ponder upon unless it was a necessity.

Thus, based on the study conducted by the Future Market Insights research team, “Increase in the working hours of the pet owners along with upsurge in the disposable income is expected to drive the demand for pet daycare during the forecast period.”

Request the Full Report Methodology Now: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-15548

Key Takeaways

  • The valuation of pet daycare market as on 2022 is US$ 3.7 billion.
  • The expected valuation of pet daycare market in 2032 is US$ 6.7 billion.
  • The anticipated CAGR during the forecast period is 8%.
  • Based on the animal type, dogs occupy the largest chunk of market.
  • The Group plays sessions are the most preferred service type in the pet daycare market.
  • Based on the country wise insights, USA has the largest market share.
  • North America has the largest market share based on the regional insights.
  • Asia-Pacific is all set to be the fastest growing pet daycare market based on regional analysis.

Key Companies Profiled

  • PACo LLC
  • Carey Pet and Home Care
  • Best Friends Pet Care Inc
  • Camp Bow Wow
  • Dogtopia
  • Preppy Pet
  • Royvon Dog Training & Hotels
  • Barkefellers
  • Country Paws Boarding
  • Puss ‘n’ Boots Boarding Cattery
  • Urban Tails Pet Resort
  • Camp Run-A-Mutt
  • Pet Station Kennels & Cattery
  • Paradise 4 Paws LLC
  • Preppy Pet Franchises Inc.
  • Country Comfort Kennels
  • PetBacker
  • PetSmart Inc.

Competitive Landscape

Some of the major companies are involved in several strategies such as collaborations, mergers, and acquisitions to maintain their market position. Moreover, they are expanding their presence and are opening many more pet care facilities across the globe.

For Instance:

  • In July 2022, Dogtopia announced that it would open second San Antonio location om city’s far Northwest side.
  • In 2019, PetBacker started providing guilt-free tours to the pet parents which will arrange a fast online booking for cage-free pet boarding. This initiative was a collaboration with Uber and Airbnb.

Market Segmentation

By Service Type:

  • Group Play Sessions
  • Exercise
  • Poolside DayCare
  • Grooming
  • Veterinary
  • Others

By Animal Type:

  • Dogs
  • Cats
  • Others

By Region:

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

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

Smart Elevator Automation System Market Predicts US$ 37.68 Billion Valuation by 2026 with 9.2% CAGR

The smart elevator automation system market is projected to experience a robust compound annual growth rate (CAGR) of 9.2% in terms of market value. This growth can be attributed to the expanding construction of tall buildings and the rapid pace of urbanization. As a result, the smart elevator automation system market is anticipated to witness significant expansion, reaching an estimated value of US$ 37.68 billion by the year 2026.

The market is divided into three segments based on service: installation, repair & maintenance, and modernization. The smart elevator automation system market is divided into card readers, biometrics, touch screens and keypads, security and control systems, sensors, motors and automation systems, and building management systems based on components.

Gain In-Depth Knowledge with a Report Sample Request
https://www.futuremarketinsights.com/reports/sample/rep-gb-469

Future Market Insights recently published a report titled “Smart Elevator Automation System Market – Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027”. Smart elevator automation system is a new generation of elevators equipped with innovative technologies, which offer various facilities along with security. The smart elevator automation system is designed to minimize the overall energy consumption and manage passenger traffic efficiently within a building.

Smart Elevator Automation System Market: Segmental & Regional Forecast:
Governmental regulations & standards for global green infrastructure, reduction in operational cost, and automation are the major factors expected to drive the growth of the smart elevator automation system market. Regarding value, the residential sector sub-segment is projected to register high growth during the forecast period in the global smart elevator automation system market.

Based on components, the card reader sub-segment in the smart elevator automation system market is expected to grow at a high CAGR of 19.2% over the forecast period. However, the sensor motor & automation system sub-segment is expected to capture a large share of the global smart elevator automation system market. Their demand is increasing to maximize energy efficiency and elevator travel speed. In terms of value, the sensor motor & automation system sub-segment is expected to create an incremental opportunity of US$ 7,333.7 Million during the forecast period in the global smart elevator automation system market.

Request for Customization:
https://www.futuremarketinsights.com/customization-available/rep-gb-469

Furthermore, the global smart elevator automation system market has been segmented into seven major regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan, and the Middle East & Africa (MEA). In terms of value, the Asia Pacific Exc. Japan’s Smart elevator automation system market is estimated to expand with a CAGR of 18.6% over the forecast period.

This can be attributed to the transformation of the existing infrastructure and an increasing number of smart city projects. In Western Europe, Germany is expected to be the dominant market for smart elevator automation systems and to create an incremental opportunity of US$ 2,042.8 Million between 2017 and 2027. The growing demand for enhanced safety and security systems is one of the major factors fuelling the growth of the smart elevator automation system market in Western Europe.

Companies Operating in the Smart Elevator Automation System Market:
Examples of some of the key participants covered in the report on the smart elevator automation system market include Fujitec, Mitsubishi, Hitachi, Kone Corporation, Otis Elevator, Schindler, ThyssenKrupp Elevator, Tyco International, and Honeywell. The report also describes company-specific strategies, key differentiators, market structure, and competitive share analysis related to prominent industry stakeholders.

Leading Key Players:

  • Fujitec Co., Ltd.
  • Mitsubishi Electric Corporation
  • Hitachi Ltd
  • Kone Corporation
  • Otis Elevator Company (I). ltd.
  • ThyssenKrupp AG
  • Schindler Group
  • Honeywell International Inc.
  • Robert Bosch GmbH
  • Hyundai Elevator
  • Sigma Elevator Company
  • Toshiba Elevator and Building Systems Corporation
  • Huawei Technologies Co., Ltd.
  • TK Elevators

Immediate Access: Buy Today for a Comprehensive Report
https://www.futuremarketinsights.com/checkout/469

Smart Elevator Automation System Market Segmentation:

By Component:

  • Card Reader
  • Biometric
  • Touchscreen and Keypad
  • Security and Control System
  • Sensors, Motors, and Automation Systems
  • Building Management System

By Service:

  • Installation Service
  • Maintenance and Repair
  • Modernization Service

By End User:

  • Residential Sector
  • Commercial Sector
  • Industrial Sector
  • Others

By Region:

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

Mobile Payment Transactions Set to Surge with a 4.2% CAGR, Reaching US$ 2,500.5 Million by 2033

The mobile payment transaction market is experiencing remarkable growth, with a significant (CAGR) of 4.2%. Projections indicate that this market is poised to reach an impressive total value of US$ 2,500.5 million by the year 2033. This surge in the mobile payment transaction market can be attributed to the increasing adoption of digital payment methods, the widespread use of smartphones, and the convenience these technologies offer to consumers and businesses alike.

As the world continues to embrace the digitization of financial transactions, the mobile payment transaction market is set to play a pivotal role in shaping the future of commerce, providing secure and efficient payment solutions to meet the evolving needs of a tech-savvy global population.

Gain In-Depth Knowledge with a Report Sample Request
https://www.futuremarketinsights.com/reports/sample/rep-gb-262

Based on key applications, FMI has segmented the mobile payment transaction services market into money transfer, merchandise purchase, airtime top-ups, bill payment, ticketing, and ‘others’.

In terms of market value, the money transfer segment accounted for 51.1% share of the mobile payment transaction market in 2014. However, the segment is expected to lose 780 BPS  by the end of 2020. In contrast, the merchandise purchase segment is anticipated to gain traction during the forecast period, accounting for a 49.9% share of the overall market revenue by 2020.

Airtime top-ups, bill payment, ticketing, and ‘others’ segments collectively accounted for an 8.3% share of the mobile payment transaction services market revenue; FMI estimates it to drop to 6.9% by the end of the forecast period.

The global mobile payment transaction volume is anticipated to reach US$ 106 Billion by 2020. In terms of volume, the merchandise purchase segment is anticipated to account for a 39.8% share of the market, witnessing an increase of 670 BPS.

The use of mobile payment services for money transfers is expected to witness a decline of 430 BPS in its market share by the end of the forecast period. Furthermore, the airtime top-ups segment is also anticipated to lose 480 BPS and account for a 19.2% share of the market volume by 2020.

Request for Customization
https://www.futuremarketinsights.com/customization-available/rep-gb-262

Africa and Asia Pacific are the two most lucrative regions for the mobile payment transaction services market. In terms of value, these two regions collectively accounted for nearly 58% share of the global market in 2014. FMI forecasts that these two regions will continue to dominate the global market during the forecast period.

A key development in the global mobile payment transaction services market is that Asia Pacific will outpace Africa to become the largest market. FMI estimates Asia Pacific mobile payment transaction services market to account for 27% of the global mobile payment transaction service market revenue by 2020.

Among all the regions, North America is poised to witness significant growth. North America held a 22.8% value share of the global market in 2014, and it is anticipated that by 2020, it will increase to 24.9%.

In terms of transaction volume, Asia Pacific and Africa will continue to remain lucrative, however, strong growth in North America and Western Europe is anticipated to eat into their market share. On the other hand, the collective market share of Latin America, the Middle East, and Eastern Europe is projected to reach 10.4% by 2020.

The key companies profiled in FMI’s research report include PayPal, Visa, MasterCard, and Google Wallet. These companies are tying up with leading vendors to consolidate their position in this rapidly expanding market.

Immediate Access: Buy Today for a Comprehensive Report
https://www.futuremarketinsights.com/checkout/262

Mobile Payment Transaction Market Segmentation:

By Technology:

  • SMS Mobile Payment Transactions
  • WAP/ WEB
  • USSD
  • NFC

By Purpose:

  • Merchandise Purchase
  • Money Transfer
  • Bill Payment
  • Ticketing
  • Other Purpose

By Region:

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

Smart Fitness Market on a 12.4% CAGR Trajectory to a US$ 46,934.8 Million Valuation by 2033

The global smart fitness market is projected to achieve a total revenue of approximately US$ 46,934.8 million by the year 2033. Over the period from 2023 to 2033, the entire smart fitness industry is forecasted to experience substantial growth, with a (CAGR) of 12.4%.

This expansion can be attributed to the rising consumer demand for smart fitness devices that offer features like heart rate monitoring, workout duration tracking, distance-covered measurement, and calorie expenditure calculations. These capabilities are primarily delivered through smart fitness watches and fitness trackers, which are expected to fuel the sales of smart fitness products.

Gain In-Depth Knowledge with a Report Sample Request
https://www.futuremarketinsights.com/reports/sample/rep-gb-36

More individuals are turning to at-home fitness, which is fuelling demand for wearable devices equipped with modern technology to improve individual performance and exercise. As a result, consumer interest in smart fitness trackers and smart fitness band watches is increasing. Sales of smart fitness devices in the United States are predicted to grow at an outstanding CAGR throughout the forecast period. Because of the broad consumer base and the presence of significant competitors, the demand for smart fitness is expanding in the United States.

Key Takeaways from the Smart Fitness Market Report:

  • Between 2023 and 2033, sales in India are expected to grow at an excellent rate of roughly 18.5% CAGR.
  • In 2022, the smartwatches segment held a 20.1% share of the overall market.
  • South Asia is expected to grow rapidly in the market, with a CAGR of almost 18% over the forecast period.
  • The market increased at a CAGR of 10.3% over the last five years (2018 to 2022).
  • Smart fitness demand in Japan and South Korea is expected to expand at a CAGR of 13% and 15%, respectively, between 2023 and 2033.

Request for Customization
https://www.futuremarketinsights.com/customization-available/rep-gb-36

Competitive Landscape:

  • According to a news published on June 1, 2023, English Premier League football player Harry Kane is currently the newest athlete to put money in OxeFit, an at-home fitness gadget powered by machine learning. In accordance with the company, OxeFit has already raised more than US$ 45 million in total capital, and its sales have climbed 200% year over year.
  • Based on an article released on May 1, 2023, The Exercise Coach in Virginia is being promoted as the state’s foremost AI-enabled gym. The Virginia smart studio employs bio-adaptive robotic exercise gear that produces and adapts workouts based on a person’s level of fitness.

Leading Key Players:

  • Fitbit
  • Pebble Inc.
  • Adidas
  • Samsung Electronics
  • Sony Corporation
  • Shanda Group
  • Nike Inc.
  • Xiaomi
  • Garmin International
  • Jawbone

Immediate Access: Buy Today for a Comprehensive Report
https://www.futuremarketinsights.com/checkout/36

More Valuable Insights:
Future Market Insights, in its new offering, presents an unbiased analysis of the global smart fitness market presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

The study reveals essential insights By Component (Smart Accessories, Strength Training Equipment, Cardiovascular Equipment), Smart Accessories (Smart Watches, Smart Bands, Activity Trackers, Heart Monitor, and Pedometer), and region.

Smart Fitness Market Segmentation:
By Component:

  • Smart Accessories
  • Strength Training Equipment
  • Cardiovascular Equipment
  • Cross-training Equipment

By Smart Accessories:

  • Smart Watches
  • Smart Bands
  • Activity Trackers
  • Heart Monitor
  • Pedometer
  • Sleep Quality Monitor

By Region:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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