Market Research Blog

The global camping and caravanning market to rise at a CAGR of 7.6% between 2020 and 2030, Future Market Insights foresees stable growth for the market. Nowadays, most of the countries, such as the Philippines, India, Thailand, Brazil, and UAE, are significantly investing in their airports to improve arrival/departure facilities for a large number of tourists in the foreseeable future.

Moreover, players in these countries focus on restoration of heritage and camping sites, as well as infrastructure. Additionally, improvement of lifestyle, showcasing culture & diversity, and cooperative partnerships between governments to enhance infrastructure for better living and commuting are other factors contributing to the growth of the camping and caravanning market.

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Key Takeaways from the Camping and Caravanning Market Study

• According to the report, companies are increasingly focuses on customer loyalty programs, as the camping and caravanning is a customer-driven market, and players target a particular set of customers and retain them by meeting their requirements. Accordingly, the development of technology-driven, customer-centric services and innovative discount offers through gift cards is expected to boost the revenue of the companies in the global camping and caravanning market.
• Nowadays, e-Gifting is gaining popularity among consumers, owing to advantages such as convenience, easy availability, and customization benefits. Thus, prominent players in the camping and caravanning market offer e-Gift cards to customers with an objective to retain them in the future.
• The Europe region is expected to retain its dominant position in the global camping and caravanning market, due to increase in frequency and length of holidays by young population in the caravan camping parks coupled with growing trend of mobile homes without relying on hotels or motels in the region.
• Among destination type, the privately owned campgrounds segment is anticipated to show a relatively higher CAGR in the global camping and caravanning market in the near future, as increasing number of millennial campers and rise in demand for luxury camping facilities across the globe.

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Staying connected on social media while camping remains a priority of millennials. The availability of Wi-Fi and improved cell phone service at campgrounds is increasing the active participation of millennials in camping parks, is anticipated to propel the camping and caravanning market in the foreseeable future. Additionally, the fast-paced advertising and technological landscape has become an essential part of the camping and caravanning industry, as tourists seek the best travel experience in a shorter duration is another factor drives the global camping and caravanning market over the forecast period.

Some of the key players operating in the camping and caravanning market

• ACCOR SA
• Internacional Palamos
• Radisson Hotel Group
• Haven Leisure Limited
• Hilton Worldwide Holdings Inc.
• TENTRR
• HIPcamp
• Vacansoliel
• Selectcamp
• ACSI Holding BV

Several prominent market players are significantly exploring new camping sites as more and more people are showing interest in adventure camping and glamping. Besides this, companies are also significantly improving their digital presence to meet customer expectations and introducing new customer loyalty programs by providing personalized experiences and reserving exclusive offers for members.

• In January 2020, Hilton Worldwide Holdings Inc. introduced a new lifestyle hotel brand ‘Tempo’, to serve the growing segment of modern achievers. This new chain of hotels, with wellness and sustainability at the foundation, will provide a unique experience to younger and eco-friendly travellers. This expansion is anticipated to help the company expand its product portfolio and market footprint worldwide.
• In 2020, ACSI Holding BV introduced new ACSI guides and apps for campers who likes to visit campsites with their own motorhome. This will enable travelers to camp at bargain prices off-season at more than 3,600 campsites in Europe. It will also provide extensive information about 8,000 ACSI-inspected campsites.

CAMPING AND CARAVANNING MARKET TAXONOMY

The global camping and caravanning market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Destination Type

• State or National Park Campgrounds
• Privately Owned Campgrounds
• Public or Privately Owned Land Other Than a Campground
• Backcountry, National Forest or Wilderness Areas
• Parking Lots
• Others

Type of Camper

• Car Camping
• RV Camping
• Backpacking
• All

Consumer Orientation

• Male
• Female
• Kids

Age

• 6-12 yrs
• 13-17 yrs
• 18-24 yrs
• 25-44 yrs
• 45 + yrs

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
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In 2023, it is anticipated that the market for aquarium heaters and chillers will be valued at US$ 31,015.3 million. The market for aquarium temperature control is expected to grow at a 4.9% CAGR and reach US$ 49,895.6 million in global value by 2033.

The global aquarium heaters and chillers market is forecast to witness growth at a steady pace. Developed countries such as the U.S. and the U.K. are expected to emerge as lucrative pocket amid high adoption of fishes at pets by individuals.

The consumer base in these countries are aware of fish care and the importance of the related products. Key players are also keeping their product offerings updated and are investing in research and development to improve the efficiency of plastic aquarium heaters and chillers.

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Low and middle-income countries provide a scope of expansion for key players to tap into such markets to improve sales. Breakthroughs in developing newer and better heating and cooling systems has given the manufacturers an opportunity to gain a competitive edge.

“High adoption of fishes as pet among individuals across the globe, along with increasing demand for aesthetic and efficient fish care accessories is expected to fuel the growth in the market over the forecast period,”says an FMI analyst.

Key Takeaways:

• Submersible chillers remain the most prominent product category.
• Plastic-based heaters and chillers are gaining popularity among private consumers.
• The commercial vertical of the aquarium heaters and chillers market leads the sales charts.
• Sales of multi-temp heaters and chillers are gaining traction in the commercial sector.
• The U.S. is expected to account for 80% of the North America aquarium heaters and chillers market.
• Demand in the China aquarium heaters and chillers is expected to increase at a 6% CAGR over the forecast period.
• Indonesia will emerge as a lucrative pocket in the global aquarium heaters and chillers market over the assessment period.

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Competition Landscape

Leading manufacturers in the global aquarium heaters and chillers market aiming to expand their product portfolios through research and development. They are also investing in mergers, acquisitions, and collaborations to expand their presence across untapped markets.

Key players in the aquarium heaters and chillers market include –

• EHEIM GmbH & Co. KG.
• Finnex Stores
• Rolf C. Hagen Group
• Fluval Co.
• Cobalt Aquatics
• Ista Professional Aquarium System
• CNCEST
• Penn-Plax
• ShenZhen Inkbird Technology Co., Ltd.
• OTTULUR Co.
• DaToo
• Miumaeov Co.
• Ethedeal
• OTVIAP
• Anself
• Hamilton Technology

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global aquarium heaters and chillers market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the aquarium heaters and chillers market based on Product Type (In-line Heaters, Submersible Heaters, In-line Chillers and Submersible Chillers), by End-User (Private and Commercial), by Material Type (Plastic, Metal Alloys and Other), by Sales Channel (Wholesalers/Retailers, Hypermarket/Supermarket, Direct Sales, Specialty Stores, Online stores, Others Sales Channel) and Region.

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
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The global aquarium pumps and filters market size is poised to reach a valuation of US$ 821 Million in 2022. Sales of aquarium pumps and filters are projected to increase at 6.5% CAGR from 2022 to 2032. The market is anticipated to be valued at US$ 1,546 Million by 2032.

The global aquarium pumps and filters market is expected to grow at a significant rate during the forecast period. Rising trend of fish adoption and increasing number of people choosing fish keeping as a hobby in recent years are anticipated to aid growth. In addition to that, the trend of humanization of pets will create new growth opportunities for key players in the market.

Constant innovation and substantial investments into finding technological breakthroughs will also drive growth in the market. Various renowned fish care product manufacturers are striving to expand their presence in low and middle-income countries to generate more sales.

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Key Takeaways: Aquarium Pumps and Filters Market

• China is set to generate the lion’s share in the aquarium pumps and filters market by 2032 with increasing demand for commercial fish farming activities.
• The U.S. aquarium pumps and filters market is estimated to generate considerable share in 2032 owing to surging fish keeping practices.
• France is expected to dominate the Europe aquarium pumps and filters market and exhibit growth at a CAGR of 5.5% in the forecast period (2022-2032).
• Based on product type, the internal filters sub-segment is anticipated to dominate the global aquarium pumps and filters market by the end of 2032.
• By material type, the plastic segment will continue to remain at the forefront in the global aquarium pumps and filters market by 2032.

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Competitive Landscape: Aquarium Pumps and Filters Market

Leading firms in the global aquarium pumps and filters market are focusing on developing efficient products that would offer a variety of features to customers. They are also providing customized solutions as per the requirements of their clients. Some of the other key players are investing huge sums in research and development activities to upgrade their existing product offerings.

Key Player in the Aquarium Pumps and Filters Market

• Ista Professional Aquarium System
• EHEIM GmbH & Co. KG.
• Spectrum Brands, Inc.
• Rolf C. Hagen Inc.
• Aqua Design Amano Co., Ltd.
• Eco Plus Ltd.
• Shenzhen Xing Risheng Industrial Co., Ltd.
• BOYU AQUASSTAR
• HYDOR
• API – Mars Inc.
• Central Garden and Pet Co.
• Arcadia Aquatic
• JUWEL Aquarium AG & Co. KG.
• AZOO BIO CORPORATION
• Aq Ventura Pvt. Ltd.
• Interpet Co. Ltd.

Aquarium Pumps and Filters Market Outlook by Category

By Product Type:

• Pumps
  • Submersible Air Pumps
  • Inline Air Pumps
• Filters
  • Power Filters
  • Internal Filters

By Application:

• Household
• Commercial

By Material Type:

• Plastic
• Metal Alloys
• Other

By Sales Channel:

• Wholesalers/Retailers
• Hypermarket/Supermarket
• Direct Sales
• Specialty Stores
• Online Stores
• Others Sales Channel

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
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The pop-up hotels market is poised to reach a valuation of US$ 19.12 Billion in 2022. Sales are projected to increase at 6% CAGR, with the market size reaching US$ 34.24 Billion by 2032.

As the trends like ‘Minimal Lifestyle’ and ‘Sustainable Life’ are among young generation, people will keep coming to experience such trends at least once. There is market available for pop-up hotels during seasonal tourism and cultural festivals celebrated around the globe.

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The Pop-up Hotel market is increasing slowly and steadily. There are not many popular Pop-up Hotel companies around the world, but there are few ones which are operating really well on their own. These organizations have developed their own market based on different events and tourism trends, where they can provide services to tourists.

Key Takeaways from the Pop-up Hotels Market Study:

• The North America, Europe and Asia Pacific regions hold a market share of ~20%, ~24% and ~28% respectively.
• The Covid-19 pandemic had a 100% impact on the value of the Pop-up Hotels sector.
• Pop-up Hotel market is contributing 2.5% to Global Hotel Industry.
• Tents and Yurts are the most common accommodations used in Pop-up hotels.

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Impact of COVID-19

The Pop-up Hotels were utilized by tourists visiting festivals and concerts around the globe, and were starting to enter in luxurious accommodation market. Because of COVID-19, all these concerts and festivals were cancelled.

The public gathering was restricted all around the world and borders of all the countries were closed to control the virus outbreak. Because of these reasons, the main market for Pop-up hotels was shut down completely. In 2021, as lockdown ended and tourism started again, pop-hotels started emerging in other markets too. Pop-up hotels also started providing luxurious accommodation and customized accommodations according to customers’ needs.

The COVID-19 was really awful for the pop-up hotel market, but this industry will recover and flourish considerably more than it did before.

Who is winning?

There are pop-hotel companies providing accommodation for tourists, mainly to campers and visitors to cultural festivals. These are not the only possible market; as pop-up hotels are also starting to provide customized lodging to different tourist’s locations and minimal accommodations in many important cities around the globe.

The key players in the Pop-up Hotels market 

• Black Tomato
• Terra Glamping
• Zand Hotel
• The Pop-Up Hotel
• Snooze Box
• Sleeping Around
• San Giorgio
• Icehotel
• The Kimpton Gray
• Others

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The Pop-up Hotels Sector by Category

By Accommodation Type:

• Tents
• Yurts
• Huts
• Containers
• Others

By Tourism Type:

• Cultural & Heritage Tourism
• Eco/Sustainable Tourism
• Adventure Tourism
• Wellness Tourism
• Others

By Event Type:

• Festivals
• Concerts
• Business Events
• Others

By Tourist Type:

• Domestic
• International

By Tour Type:

• Independent Traveller
• Package Traveller
• Tour Group

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

The pet perfume market size is estimated at US$ 1.4 Billion in 2022. The pet culture is gradually taking a front seat, especially in developed countries. The undercurrents of the pet culture trends are also reaching developing countries, which is proving to be emerging economy for the pet perfume market. Given the influence, the demand for pet perfume is likely to grow to a valuation of US$ 2.3 Billion by 2032 with an anticipated CAGR of 5% through 2032.

Primarily the pet perfumes were gender-based but the concept of the gender-neutral product is emerging as a major pet perfume market key opportunities and trends. Now, pet perfumes products can be used on pet animals irrespective of their gender escalating the demand for pet perfumes.

As per the analysis, the adoption of pet perfumes has rapidly increased due to the increase in the importance of hygiene and health. The manufacturers operating in the pet perfume market are adopting customer-oriented approaches to make their brands more lucrative surging the pet perfume market future trends. They also focused on producing organic-based products free from alcohol, paraben, and other chemicals but in addition to flower and fruit-based fragrances.

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A consumer primarily judges a product based on its features and its long-lastingness. A substantial number of customers are influenced by brand identity. However, not all of them establish brand constancy. Hence, enterprises must build a strong trademark and strengthen their presence across several channels which escalate the pet perfume market opportunities.

Consumers also judge them based on their efficiency. Therefore, products with higher characteristics are likely to enjoy better goodwill which will be drawn by better convenience and efficiency boosting the sales of pet perfume along with pet perfume market key trnds and opportunities.

Consumers are increasingly adopting e-commerce sites to purchase pet grooming items, as they can offer a wide range of products with special discounts and prices. In addition, e-commerce websites also help make the products as per the specific requirements of the customer, even if the product is not available in the pet perfume market in a specific region.

Factors such as easy availability of products, convenience, and ease of shopping regardless of geographic conditions help promote the channel to purchase products like pet grooming products surging pet perfume market trends.

Key Players:

• Mipuchi
• Captain Zack
• Odo-Rite
• Alpha Aromatics
• Boltz
• Petveda
• Pets Empire
• Bodhi Dog
• Earth Bath
• South Barks
• Lambert Kay
• Guangzhou Yilong Daily Chemicals Company Ltd
• Borammy
• Melao
• Arm & Hammer
• Nature’s Miracle
• Vetnique Labs

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Key Takeaways from the Pet Perfume Market Study:

• North America dominated the pet perfume market in 2021, due to the rising number of new product launches and rising pet grooming trends.
• East Asian and South Asian countries like China, Malaysia, Thailand, and Indonesia are developing as the largest pet perfume market. Numerous reasons are expected to contribute to the industry, like an increase in the pet population, etc.
• Most establishments depend on social media platforms including Facebook, Instagram, and YouTube to promote their products as one of the prominent pet perfume market
• By sales channel, e-commercial/online stores are anticipated to hold a noteworthy pet perfume market share of the sales of pet perfume.

Market: Segmentation

By Form Type :

• Spray
• Liquid
• Oil

By Animal Type :

• Dogs
• Cats
• Birds
• Others

By Price Range :

• Mass
• Premium

By Ingredient Type :

• Alcoholic
• Non-Alcoholic

By Sales Channels :

• Veterinary Clinics
• Online Retailing
• Wholesalers/ Distributors
• Supermarkets/Hypermarkets
• Pharmacy/ Drugstores
• Convenience Store
• Pet Specialty Stores
• Other Sales Channel

By Region :

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

About Future Market Insights (FMI)

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

With a compound annual growth rate (CAGR) of 6.3% from 2022 to 2032, the size of the electronic soap dispenser market is projected to grow from its estimated USD 1,063.2 million in 2022 to USD 1958.61 million by 2032. The increase is being driven by the growing demand for smart bathroom items and automatic faucets, which is creating a surge in the important trends and opportunities in the electronic soap dispenser market. The increase is being driven by rising demand for automatic faucets and smart bathroom products resulting in the surge of electronic soap dispenser market key trends and opportunities.

Rising hygiene concerns in developing countries such as Brazil, China, India, Indonesia, Thailand, and South Africa are expected to boost the product’s utility in the near future, boosting the electronic soap dispenser market future trends.

Growing awareness of the importance of hand hygiene is expected to drive demand for electronic soap dispensers and escalate the electronic soap dispenser adoption trends. Through a sensor device that detects the presence of an external object, the product automatically dispenses liquid and foam soap.

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By its touch less, germ-free, and skin-safe properties, the product is gaining traction in the commercial and institutional sectors, hence increasing the adoption of electronic soap dispenser. This dispensing technology-based product form is designed to provide maximum hygiene and a precise amount of liquid soap. As a result, it improves dispenser efficiency while reducing unnecessary soap usage, surging the electronic soap dispenser market trends as well as electronic soap dispenser market opportunities.

Increasing sanitation programs by various governments have indirectly aided electronic soap dispenser market growth in recent years. Poor hygiene habits can lead to severe stomach diseases. Governments and healthcare organizations have collaborated on a number of initiatives to combat these diseases, hence increasing the electronic soap dispenser market key trends and opportunities.

KEY TAKEAWAYS:

• For the product type category, the steel segment leads the electronic soap dispenser market, expanding at a CAGR of 6.6% during the forecast period.
• In 2022, the steel segment will command 34.4% of the electronic soap dispenser market share in the electronic soap dispenser market for the product type category.
• By application, the commercial segment is expected to dominate the electronic soap dispenser market, expanding at a CAGR of 6.1% during the forecast period.
• By 2028, the commercial segment is expected to have an electronic soap dispenser market share of 67.0% of the electronic soap dispenser market by application.
• For the sales channel category, the direct sales segment leads the electronic soap dispenser market, expanding at a CAGR of 6.9% during the forecast period.
• In 2028, the Indirect Sales segment for the sales channel category, will be accounting for 82.7% of electronic soap dispenser market share.
• South Asia dominated the electronic soap dispenser market, which grew at a CAGR of 10.3% during the forecast period.
• South Asia had the largest electronic soap dispenser market in 2028, accounting for 20.8% of the electronic soap dispenser market share.

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COMPETITIVE LANDSCAPE:

Toto Ltd., American Specialties, Inc., Umbra, Simplehuman, Orchids International, Toshi Automatic Systems Pvt. Ltd., Lovair, Bobrick Washroom Equipment, Inc., Shenzhen City Svavo Bathroom Products Co., Ltd., And Zaf Enterprises are among the major electronic soap dispenser market players. Product development has been one of many companies’ primary competitive strategies.

Recent Development:

Launch:

• Shenzhen SVAVO Intelligent Technology Co. Ltd. launched the tabletop touchless foaming soap dispenser V-370 in March 2019. It is intended for use in bathrooms, kitchens, and laundry rooms and is available in three colours: black, white, and nickel.
• Cannon Hygiene Limited launched the Imagine Range of washroom dispensers in April 2016. These are automatic antibacterial soap dispensers that do not contain any volatile organic compounds (VOCs).

Introduction:

• Due to the rising consumer demand for luxury and convenience home accessories, PerPik Company introduced a new premium quality touch-free electric soap dispenser for kitchen and bathroom sinks in November 2018.

Key Segments  

By Product type:

• Plastic
• Steel
• Others

By Application:

• Commercial
• Residential

By Sales Channel:

• Direct Sales
• Indirect Sales

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

The barcode printer and consumable market is expected to be worth US$ 4,586.4 million in 2023. Sales are expected to expand at a solid 6.2% CAGR, hitting US$ 7,881.1 million by 2033. The increased usage of barcodes in the manufacturing industry is driving growth, which will enhance demand for barcode printers and supplies in the coming years.

According to the market research report from FMI, the production sector’s increased acceptance of barcodes and inventive ideas that drive companies to create industry-specific barcodes are the causes of the changing market dynamics.

Customer-centric production is further advanced with the advent of customization, AI-based analysis, and innovative content suggestions, fueling the sales of barcode printers and consumables. This strategy is adopted by the major players in the market. Modern-age data collection technologies such as barcode scanners and fruitful marketing techniques involving consumables are pushing the producers to adopt barcodes, which eventually expands barcode printers and consumables market size.

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The advent of wireless barcode printers and consumables in its industrial application as well as its usage in desktops creates lucrative opportunities for the barcode printers and consumables market.

However, the memory system and programmable logic controllers create failed attempts to decline the sales of barcode printers and consumables.

Key Takeaways from the Market Study:

• United States holds 30.3% of the global barcode printers and consumables market and is anticipated to hold its position with a CAGR of 9.0% during the forecast period. The growth is attributed to a higher number of retail stores and spreading digitization.
• China holds 8.3% of global barcode printers and consumables market and is likely to hold its position with a CAGR of 6.0% during the forecast period. The growth is owed to the demand for higher efficiency, automation, and increased manufacturing units.
• Another Asian market, Japan thrives at a CAGR of 7.0 in the global barcode printers and consumables market, attributing its growth to the higher demand from pharmaceuticals and logistics industries.
• Direct thermal printers are the most successful based on the printing technology due to the lower impact on the environment due to the elimination of poly-based binding materials.
• The healthcare industry is the biggest application segment in the barcode printers and consumables market.

“The future for barcode printers and consumables looks promising as digitization penetrates the market. Lately, brands deal with user interface issues to fix the issues related to it. The use of barcode tags in logistics and supply chain management ensures efficient inventory management, effective movement of shipments within logistics networks, and effective monitoring of manufacturing and assembly processes. This transforms the market into a futuristic market.” says a Future Market Insights analyst.

Competitive Landscape

Market participants are focused on minimizing wastage and innovative solutions to reduce environmental impact by implementing unique and sustainable labeling solutions for the apparel and retail industry. In addition to this, the key players are focusing on expanding their product portfolio through product launches and innovations in their existing products and expanding their global presence through acquisitions and expansion.

• Zebra Technologies Corporation, a manufacturer of marking, tracking, and computer printing technologies, announced that it had completed the acquisition of Matrox Imaging Company (Matrox Electronic Systems Ltd.), a developer of advanced machine vision components and software systems.
• Avery Dennison, a leading manufacturer announced in August 2021 that it has achieved BioPreferred certification from the USDA (US Dept. of Agriculture) for C4200, a new hot melt adhesives offering brands new opportunities to market sustainable packaging to their customers.

Key Companies Profiled:

• TVS ELECTRONICS
• ZEBRA
• Toshiba Tec Europe.
• HERMA Labeling Machines
• RYNAN Technologies Pte Ltd
• Honeywell International, Inc.
• Toshiba TEC Corporation
• SATO Holdings Corporation
• Avery Dennison Corporation
• TSC Auto Id Technology Co., Ltd
• Others

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