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Low Rolling Resistance Tire Market to Reach US$ 54 Billion by 2033

The global low rolling resistance tire market is estimated to attain a valuation of US$ 18.4 billion in 2023 and is expected to reach US$ 54 billion by 2033, expected to incline at a CAGR of 11.3% during the forecast period.

The automotive sector’s rapid growth has resulted in a surge in the number of vehicles on the road, causing concerns over rising emission levels. As a result, governments are enforcing stringent emission control policies, driving market growth. Automotive companies are adopting innovative technologies to reduce emissions, further fuelling this trend.

Market players are actively incorporating nanomaterials in tire manufacturing to harness their potential in reducing rolling resistance and offering additional benefits, including improved wear resistance and enhanced safety levels. The growing demand for fuel-efficient vehicles is expected to drive market growth, as low rolling resistance tires require less energy from the vehicle’s engine to initiate movement. This not only improves vehicle performance but also contributes to increased sales.

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The rising popularity of electric and hybrid vehicles, which rely on low-rolling resistance tires to optimize battery range, is fuelling the demand for such tires. Additionally, the tire market is benefiting from the growing utilization of advanced technologies and materials, including silica compounds, in tire manufacturing. In pursuit of product innovation, numerous manufacturers are forming collaborations with prominent research institutes.

For instance, Sumitomo Rubber Industries Ltd. announced its partnership with Kansai University in March 2021 for joint research. This collaboration aims to develop new technology that can generate electric power from the tire’s rotation. The research involves installing a power-generating device within the tire to capture static electricity generated during rotation. Such efforts towards product innovation are expected to unlock significant market growth opportunities in the forecast period.

Key Takeaways

The United States low rolling resistance tire market is expected to grow with a CAGR of 11%.
The market in China is expected to grow with a CAGR of 11.4% during the forecast period.
By sales channel, aftermarket segment is projected to grow with an impressive CAGR of 14.4% during the forecast period.
The market in India is expected to grow with a CAGR of 11.5% throughout the forecast period.

Rising popularity and demand for electric and hybrid vehicles is expected to drive the demand for low rolling resistance tires during the forecast period,” comments an FMI Analyst

Competitive Landscape

The low rolling resistance tire market is intensely competitive, with several key industry players investing heavily in providing these services.

The key industry players are Bridgestone Corporation, The Goodyear Tire & Rubber Company, Sumitomo Rubber Industries Ltd., Pirelli & C S.p.A, Hankook Tire, MICHELIN, Continental AG, Trelleborg AB, The Yokohama Rubber Co. Ltd, Apollo Tyres Ltd., Maxxis International (Cheng Shin Rubber), Marangoni S.p.A, MRF Tyres.

Some recent developments in the market are:

In 2021, Goodyear Tire & Rubber Company began the acquisition of Cooper Tire & Rubber Company for approximately US$ 2.5 billion. This move expands Goodyear’s product range, strengthens its position as a US-based manufacturer, and boosts its presence in retail and distribution channels for LUV product and light trucks segments.
In February 2022, Yokohama Tire Corporation launched sustainable tires for Supercars, utilizing biomass-derived synthetic rubber and recyclable thermo-reversible rubber.
Bridgestone Corporation, in 2021, announced a $9.3 billion investment in launching revolutionary equipment at the Shimonoseki Plant. This facility manufactures tires for construction and mining vehicles. The installation process, scheduled to begin in 2022 and conclude by 2025, aims to enhance the company’s production system in terms of eco-friendliness, disaster preparedness, safety, quality, and productivity.

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Key Segments Profiled in the Low Rolling Resistance Tire Industry Survey

Vehicle Type:

Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle

Width Type:

Dual Type
Wide Band Type

Sales Channel:

OEM
Aftermarket

Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Author

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Automotive Lighting Market Size Expected to Reach US$ 69 Billion by 2033, with a 6.4% CAGR

The global automotive lighting market is anticipated to attain a valuation of US$ 37.1 billion in 2023 and is predicted to reach US$ 69 billion by 2033, trailing a CAGR of 6.4% during the forecast period.

Stringent lighting regulations have propelled developed countries to focus on the vehicle lighting industry in Europe and North America. Adequate vehicle lighting is crucial, particularly for travel on busy highways. Governments globally prioritize road safety, as highlighted by the World Health Organization (WHO), which reports 1.3 million annual fatalities from road traffic collisions. Many countries experience a 3% GDP loss due to road accidents. Therefore, enhancing driving conditions is essential, and improving the lighting system plays a significant role in achieving this goal.

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In 2011, the European Union has made it compulsory for all new motor vehicles to have daytime running lights (DRLs) in order to enhance road safety. DRLs are designed to improve the visibility of the vehicle for other road users rather than aiding the driver’s vision. According to the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA), DRLs have resulted in a 13.8% reduction in fatal road accidents. Such regulatory measures are expected to significantly influence the growth of the global automotive lighting market.

The growing demand for automotive lighting is fuelled by the rising adoption of advanced lighting in vehicles. Leading original equipment manufacturers (OEMs) are prioritizing the development and integration of advanced lighting solutions to enhance both vehicle visibility and aesthetics. Notably, Hella GmbH is actively involved in the development and provision of cutting-edge automotive lighting systems. These lighting systems offer various functions, such as pedestrian communication, to ensure safety and meet customer expectations.

Key Takeaways

North America automotive lighting market is expected to grow with a CAGR of 6% during the forecast period.
The demand for automotive lighting in China is expected to grow with a CAGR of 6.3% during the forecast period.
By vehicle type, passengers vehicle segment is projected to grow with a CAGR of 6.8% during the forecast period.
Brazil is expected to grow with a significant CAGR of 5.8% throughout the forecast period.

“Rising adoption of advanced lightings in vehicles and development of cutting edge lighting by key players is expected to drive market growth during the forecast period,” comments an FMI analyst.

Competitive Landscape

The market for automotive lighting is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.

The key industry players Koito Manufacturing Co. Ltd., Hella KGaA Hueck & Co., Stanley Electric Co., Valeo SA, Osram Licht AG, Magnetti Marelli, Varroc Group.

Some key developments in the automotive lighting market are:

In May 2021, OSRAM Continental and REHAU formed a development partnership to integrate lighting into exterior components, offering automotive manufacturers creative lighting solutions with enhanced design flexibility and functionality.
In January 2020, Hella introduced Hella FlatLight technologies, a ground-breaking lighting innovation for rear combination lamps.
In July 2021, Samvardhana Motherson Automotive Systems Group BV (SMRPBV), a subsidiary of Motherson Group, entered into an MoU with Marelli Automotive Lighting to explore a technological partnership centered around smart illuminated exterior body parts.
Valeo revealed their ground-breaking 360° lighting solution at the April 2021 Shanghai Auto Show. This technology envelops the vehicle in a light band, projecting clear and immediate signals that can be easily observed by nearby road users, particularly vulnerable individuals like cyclists, scooter riders, and pedestrians.

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Key Segments Profiled in the Automotive Lighting Market Industry Survey

By Application:

Front Headlights
Fog Lights
Rear Lights
Side Lights
Interior Lights

By Vehicle Type:

Passenger Cars
Compact
Mid
Luxury
SUVs
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles
Battery Electric
Plug-in Hybrid Electric
Hybrid Electric
Two Wheelers
Motorcycles
Scooters

By Light Source:

Halogen
LED
Xenon

By Sales Channel:

OEM
Aftersales

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Author

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

About Future Market Insights (FMI)

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Nandini Singh Sawlani

Railway Bearing Market Expected to Surge at a 9.00% CAGR by 2033

According to FMI’s analysis, the railway bearing market may grow at a CAGR of 9.00% from 2023 to 2033, from a value of US$ 1.32 billion in 2023 to US$ 3.12 billion by 2033.

Governmental Authorities Have Made Substantial Expenditures in the Construction of Rail Infrastructure

Governments both in developing and wealthy nations are making significant investments in railway infrastructure, which is jacking up for the components, used in freight and passenger trains. The bearings used in rails utilization is to rise together with the planned growth in railway system output.

Via the CRISI Program, the United States provided US$ 248.5 million in grants in March 2020 to finance a number of municipal and state railroad infrastructure projects.

The purpose of the grant is to increase the safety of railway networks and systems. Since roller bearings have an indirect impact on the safety of railway networks, the money is aimed at encouraging the railway bearing market.

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Industry Participants are Concentrating on Developing Bearings To Capitalise on Demand

As railway carriers are continuously in motion and frequently exposed to harsh physical conditions such as rain, freezing temperatures, and extreme heat, mechanical components utilized in them must be resistant to such extreme physical conditions. As a result, long-lasting roller bearings are in high demand.

To capitalize on the increased rail bearing demand, market participants are focused on producing bearings that can resist such harsh climatic conditions. Bearings are coated with ceramics or polymers to improve insulation and safety.

The availability of a diversified range of roller bearing and ball bearings, including cylindrical, tapered, angular contact, four-point contact, electrically insulated, deep groove, and so on, makes them suitable for use in a wide range of sites and applications, hence boosting market revenue.

Opportunities for Growth

The demand for plain bearings in energy-efficient cars increased usage of high-capacity bearings in wind turbines, and rail bearing demand in the railway and other industries are some of the key factors driving the railway bearing market. The market may see new growth potential as electro-mechanical features are incorporated into ball bearings for medical purposes.

Regional Evaluation

Throughout the projected period, the Asia-Pacific region is anticipated to be a strong and swift railway bearing market. The presence of large-to-small-scale railway operators, builders, and suppliers has made China and Japan the top two marketplaces in the area.

India is to experience significant growth during the projected period, largely as a result of the nation’s expanding transportation infrastructure, quick urbanization, and massive population expansion.

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Freight Train Segment Occupies a Significant Market Share

According to train type, freight train adoption is predicted to channel the bulk of revenue, accounting for more than two-fifths of global market value. The segment’s dominance can be ascribed to private operators’ substantial spending to assure the smooth running of the systems, which necessitates timely component upgrades.

Growth of rail network infrastructure, increasing urbanization and environmental sustainability, technological advances in locomotive design and structure targeted at increased pulling capacity and lower fuel consumption are some of the main determinants propelling rail bearing demand.

Railway Bearings Competitive Environment

Market competitors are concentrating on creating products with novel features including improved durability, greater lightness, minimal maintenance requirements, and cost-effectiveness.

Several of the top contributors, including NSK Ltd., The Timken Company, JTEKT Corporation, National Engineering Industries Limited, Amsted Rail Company, NTN Corporation, Schaeffler Group, and SKF AB among others, control the railway sliding bearing market, which is very concentrated. Among these, SKF, Schaeffler, and NTN hold a sizeable market share of the railway bearing market.

To stay ahead of their competitors, businesses are forming new strategic alliances, making significant investments in research and development projects, and introducing new products to the market.

Product Advancements Pivotal for Railway Bearings Manufacturers

NSK Ltd. created high-reliability, low-maintenance gearbox bearings in March 2020 that can be applied to both large and small gears. Similarly, NSK Ltd. declared in September 2020 that Japan’s Shinkansen fast train was using its bearings.
Players in the market are collaborating with one another to raise their profiles and strengthen their distribution capabilities.
Important advancements in this theory include AB SKF’s relationship with Siemens to distribute its wireless bearing products in 2018.

Key Segments

Product Type (Roller Bearing, Ball Bearing, Plain Bearing) Train Type (Very High-Speed Train, Mainline Train, Metro Train, Freight Train, Special Train) Application (Engine, Wheel, Interior, Exterior) Sales Channel (OEM, Aftermarket) Region (North America, Latin America, Europe, South Asia & Pacific, East Asia, Middle East and Africa)

Author

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

About Future Market Insights (FMI)

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Nandini Singh Sawlani

Plug-In Hybrid Electric Vehicles (PHEV) Market Set for Strong Growth, Anticipating an 18.5% CAGR by 2032

The global plug-in hybrid electric vehicles (PHEV) market is poised for robust growth, with a projected Compound Annual Growth Rate (CAGR) of 18.5% during the forecast period spanning from 2022 to 2032. In 2022, the market’s estimated value stood at US$ 69,720.5 Million, and it is expected to surge significantly, potentially reaching an impressive US$ 3,80,665.9 Million by the year 2032. This anticipated growth represents a substantial increase in market value compared to historical trends, as the market previously recorded a CAGR of 14.4% according to an analysis conducted by Future Market Insights.

Over the past few years, the market for plug-in hybrid electric vehicles (PHEV) has experienced phenomenal development. The industry is expanding as a result of the public’s increased focus on using environmentally friendly vehicles. promoting the population’s welfare and keeping in mind the current climatic conditions.

The market is anticipated to continue expanding at a rapid rate as plug-in hybrid vehicles continue to gain popularity around the world, which will help PHEV sales rise overall in the future years.

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Due to increasing public awareness of the fuel efficiency of hybrid electric vehicles, the PHEV industry is expected to offer opportunities for sustainable growth. Additionally, major PHEV producers are focusing on employing the current electrical infrastructure. Additionally, they are concentrating on greening the grid rather than building a completely new infrastructure to refuel cars with cleaner liquid fuels. Consequently, promoting the practicality of plug-in hybrid electric cars and assisting in boosting sales.

Key Takeaways

The global plug-in hybrid electric vehicles application is on the rise as it helps in minimizing fuel usage and promotes the vehicle’s cost-efficiency. The automobiles are configured to charge the internal combustion engine with the help of an electric motor and other fuel like diesel or gasoline.
Since the transportation sector is known for being a primary source of heightened GHGs. i.e., greenhouse gas emissions. Various policymakers are incorporating favorable regulations that will encourage the usage of electric vehicles (EVs), such as plug-in hybrid vehicles (PHEVs) in order to motivate the public to use alternative fuels, such as electricity, etc.
The market is actively being supported by federal and state policymakers working rigorously towards the rapid expansion of charging station infrastructure. Furthermore, the demand to decrease dependence on fossil fuels is one of the key factors contributing to the adoption of PHEVs across the globe.
The ongoing research and development activities are helping in bringing down the prices of electric vehicles by adopting new technologies and bringing a new type of plug-in hybrid vehicles every year are predicted to spur market growth in the forecast period of 2022-2032.

Competitive Landscape

Various companies in the market are focusing on extending their portfolio of electrified automobiles to efficiently cater to the changing needs of the customers while simultaneously retaining their competitiveness globally.

Some of the major companies have developed new products which offer the benefits of two cars in one. These products are anticipated to offer the benefits and flexibility of both longer trips and everyday driving. The automotive functions as a hybrid car and can be charged just like other electric vehicles.

At present, the Asian continent is poised to create robust opportunities over the assessment period. In countries like India, the emergence of hybrid vehicles is attracting cost-conscious buyers. These hybrid automobiles meet stricter emission norms, while the current prices of motor fuel are soaring in the country. Hybrid vehicles may be costly in comparison to traditional petrol cars but may offer significant fuel efficiency in comparison to petrol-run cars.

The market players pay keen attention to maintaining superior quality of the products and innovation. Furthermore, they are also trying to diversify their range of manufacturing, indulging in mergers and acquisitions, and adopting organic growth strategies for a strong foothold in the global market.

Some of the key companies in the market are

Renault SA
Nissan Motor Corporation Limited
Volkswagen AG
Honda Motor Company Limited
General Motors
Ford Motor Company
Daimler AG
Mitsubishi Heavy Industries Ltd.
Toyota Motor Corporation
BMW AG

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More Insights into the Plug-in Hybrid Electric Vehicles (PHEV) Market

The European market is anticipated to dominate the global plug-in hybrid electric vehicles (PHEV) market. The growth of the region is attributed to the rising implementation of favorable policies that are actively promoting the usage of automobiles that lower greenhouse gas emissions, thus contributing towards a greener planet. Furthermore, the European population is embracing technologically advanced HEVs. They are known for their cost and fuel efficiency, therefore facilitating the market growth of PHEVs in the region.

The rapid expansion of charging station infrastructure combined with the support of private industry and federal and state policymakers are strengthening the market size in this region. Another key driver for the regional growth includes the rising R&D activities to develop newer versions/types of plug-in hybrid electric vehicles.

Plug-in Hybrid Electric Vehicles Market by Category

By Vehicle Type, Plug-in Hybrid Electric Vehicles Market is segmented as:

Passenger car
Light Commercial Vehicle

By Technology, Plug-in Hybrid Electric Vehicles Market is segmented as:

Series
Parallel
Series-parallel

By Region, Plug-in Hybrid Electric Vehicles Market is segmented as:

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

Author

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Waterproof Boots Market: Anticipated Rise in Demand at a CAGR of 4.22% by 2033

The estimated value of the global waterproof boots market is US$ 1.2 million in 2023, with a projected valuation of US$ 1.5 million by 2033. Demand for waterproof boots is expected to increase at a compound annual growth rate (CAGR) of 4.22% during the forecast period.

The increasing demand for comfortable waterproof boots and the availability of a variety of designs and colors are propelling the global expansion of the market. Taking into account these factors, the market share of waterproof boots is anticipated to grow as retail activity expands during the forecast period from 2023 to 2033.

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Changing Preferences and Fashion Trends: Consumers are obsessed with new trendy things and increasingly adopt waterproof boots to look more stylish. Manufacturers design a variety of boots with different colors to catch consumers’ attention, significantly driving the global market.
Outdoor Activities and Tourism: People visiting outdoor destinations such as camping, hiking, and sports activities are increasing the adoption of waterproof boots. These consumers seek boots that withstand weather conditions, long-lasting, and durable.
Climate Change Awareness: Changing climate, growing awareness, and focusing on sustainability among people up surging the sales volume. Key companies are developing eco-friendly boots by reducing non-toxic materials are fueling the global market size.
Brand Reputation and Review: Consumers are looking toward better quality footwear. They are researching online platforms about the footwear company, brand, quality, and positive reviews to buy waterproof boots. However, influencers, advertisers, and endorsements positively impact advancing market growth.
Product Innovation: Consumers increasingly demand innovative, improved, durable waterproof boots. Manufacturers invest in research and development activities by adopting waterproof technology to enhance global market revenue.

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These are a few driving factors influencing the global market during the forecast period.

Key Takeaways:

The waterproof boots market is predicted to secure a valuation of US$ 1.2 billion with a CAGR of 4.22% in 2023.
The United States is estimated to register a maximum share of 24.20% in the global market by 2033.
Japan is anticipated to capture a share of 5.90% of the global market during the forecast period.
With a share of 5.80%, Germany is significantly driving the global market by 2033.

Key Players

Eddie Bauer
DRYCODE
Dunlop
Columbia
TideWe
Sperry
Timberland Pro
Wolverine
Innolux
Danner

How Key Players Upsurge the Global Market?

The market is highly competitive with the present number of players globally. Key players are vital in driving the market by innovating advanced products to capture consumers’ attention and increase sales. These key players uplift the global market through various marketing methodologies such as partnerships, product launches, mergers, acquisitions, and agreements. These players are estimated to continue to expand the market with their new and innovative launches in the coming years.

Recent Developments in the Global Market are:

In 2021, Canada Goose announced its newly launched waterproof boots. The company also announced to enhance its business portfolio through its marketing tactics to reach more consumers in the future.

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Waterproof Boots Market by Category

By Type:

Jungle Boots
Desert Boots
Cold Weather Boots
Others

By Application:

Military
Hiking
Travel
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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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.

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Men’s Post-Shave Market: Expected to Surge at a CAGR of 11.3% by 2033, Signifying Substantial Growth Opportunities

The projected size of the men’s post-shave market is US$ 5.5 billion in 2023, expected to escalate to US$ 16.2 billion by 2033. The market is anticipated to experience a surge at a compound annual growth rate (CAGR) of 11.3% from 2023 to 2033.

During the forecast period, there is an anticipated rise in the integration of technology into post-shave products, which includes the introduction of smart razors, AI-powered skincare analysis, and personalized grooming solutions. Additionally, sustainability initiatives such as eco-friendly packaging and sourcing of sustainable ingredients are expected to gain further significance in response to growing consumer eco-consciousness.

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Even when it comes to shaving, male customers make sure their facial skin is as smooth possible, post shaving. This critical factor has triggered the demand for various shaving tools and products. Men’s post-shave products are enduring high demand among the target customers.

The men’s grooming market has witnessed significant growth in the recent past, especially from the millennial segment. These customers are now becoming more and more conscious about their looks and appearance, which they believe eventually boosts their confidence as well as personality.

There are various critical benefits associated with the use of men’s post-shave products. These men’s post-shave products ensure that the skin’s natural moisture isn’t lost or compromised upon after shaving. Men’s post-shave products provide a shiny and smooth skin after shaving, making sure the face doesn’t lose its lust due to cuts or any wrinkles.

Key Manufacturing Companies:

Mountaineer Brand Products
The Procter & Gamble Company (Gillette, Old Spice)
Pré de Provence
Montblanc International GmbH
Lacoste Inc.
Combe Incorporated
The Real Shaving Co.
MÄURER & WIRTZ GmbH & Co. KG.
eShave, LLC.
Naveh Pharma Ltd.
Beiersdorf, Inc. (Nivea)

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Key Trends

The manufacturers of men’s post-shave products have been strategizing on coming up with innovative products that cater to the varying needs and requirements of their target segments.

Men’s Post-Shave Market: Key Developments

In 2018, American Crew ACUMEN announced the launch of various shaving products as well as a line of men’s post-shave products targeting the millennial category.
In 2017, Aqua Velva launched a 5-in-1 men’s aftershave product under its own brand name for the U.S. market.

Opportunities for Men’s Post-Shave Market Participants

The millennial population is on the verge of surpassing the baby boomers in numbers. This demo graph is an active and enthusiastic group, and very conscious regarding looks and grooming. They are eager to adapt to current trends in the world of fashion, which even implies shaving.

This is very particular about their looks, even when it comes to shaving, which is why there has been a rise in the demand for various shaving products. Thus, the growing demand from the millennial population for various shaving kits provides a critical opportunity for the global men’s post-shave market to grow in terms of value sales.

The men’s post-shave market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The men’s post-shave market report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment.

The report also maps the qualitative impact of various market factors on market segments and geographies.

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Segmentation Analysis of the Men’s Post-Shave Market

Nature:

Natural
Conventional

Product Type:

Oil
Cream
Gel
Soap

Application:

Electric Razors
Power Sticks
Regular Shaves

End User:

Retail
Commercial

Distribution Channel:

Direct
Indirect
Hypermarkets/Supermarkets
Specialty Stores
Independent Stores
Online Store
Others

Region:

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

Author

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Hobs Market: Poised for Substantial Growth, Expected to Reach US$ 33 Billion by 2032

The worldwide hobs market is estimated to be worth US$ 20.55 billion in 2022 and is anticipated to reach US$ 33 billion by 2032. The projected compound annual growth rate (CAGR) for the forecast period from 2022 to 2032 is 4.8%.

The rising prevalence of smart homes is expected to significantly contribute to market growth during the forecast period. Additionally, the increasing purchasing power of consumers is poised to further expand the market size in the foreseeable future. Moreover, the array of features available in modern kitchen setups has spurred both residential and commercial sectors to embrace modern hobs, thereby bolstering the market size in the forecast period.

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The growing number of smart homes also play a major role in boosting the demand for hobs in the market.

Hobs are so designed that they consume less amount of energy or fuel to the same amount of work that a normal cook-top would take which is a major attraction or the consumers and leads to fuelling the demand for hobs in the market.

Innovation of new products with added safety features such as FFDT technology is driving the Hobs in the market

The key influencer for growth in the demand for hobs is the innovation of new products that are cost-effective and efficient and the rising consumer spending on household products. The global hobs market is driven by the increased availability and reduced prices of these products, owing to the advancement of new technologies.

With advanced features such as variable number of burners or induction tops, zone hobs have become a preferred choice among consumers. Manufacturers of hobs are engaged in research and development to enhance their profit margins and, at the same time, offer efficient products. Growth of the food

Hobs Market: Market Participants

The key market participants identified across the value chain of the hobs market are Whirlpool Corporation, AB Electrolux, Miele & Cie. Kg, Panasonic Corporation, Arcelik A.S. (Beko), IFB Industries Limited, Elica S.p.A., Electron International, FABER S.p.A., Bosch-Siemens Hausgeraete GmbH, Sunflame Enterprises Private Limited, Capella Home Appliances and Daewoo Electronics Corporation, among others.

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Opportunities for Hobs Market participants

The global hobs market has been witnessing significant growth, owing to the increasing penetration of these products in developing countries and growth in the rate of acceptance among consumers. The hobs market is also influenced by the emergence of e-commerce and m-commerce as potential trade platforms.

The supply-side participants of the hobs market are strategizing on new and effective techniques for the marketing of their products to increase product penetration and influence the buying behaviour of consumers in favour of hobs.

The growth in per capita disposable income, coupled with the number of families choosing to live separately in nuclear houses, is also a major reason propelling the growth in the demand for hobs in the market. The hobs market offers promising growth opportunities, which is attracting a large number of players to enter the hobs market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, product type, base material, ignition, burner or induction zone, price range & sales channel.

The study is a source of reliable data on

Hobs Market segments and sub-segments
Hobs Market trends and dynamics
Supply and demand
Hobs Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

Author

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Clip-On Headphones Market: Projected to Register a Remarkable Compound Annual Growth Rate (CAGR) of 17% by 2032

The clip-on headphones market is forecasted to achieve a compound annual growth rate (CAGR) of 17% throughout the forecast period, increasing from US$ 70 billion in 2021 to reach a valuation of US$ 392 billion by 2032. This study about Clip On Headphones gives a complete look at how different companies do business, their plans and the parts of market they control. It includes some important players in this field too. The detailed explanation in the report is about what affects things most. Statistics on money made, parts of it divided up and areas or countries are given completely too. This study is one of the biggest records that shows all parts of how Clip On Headphones market changes.

The clip-on headphones market is expected to exhibit promising growth prospects during the forecast period due to increasing competition. Emerging competitors are introducing a diverse range of options at competitive prices to meet the demand for clip-on headphones, thus making them more accessible to customers in the global clip-on headphones market.

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According to the World Health Organization, more than billions of teenagers and young generation are at risk of hearing loss owing to the use of such audio devices. Therefore, to overcome such issues and to avoid discomfort as well as chances of infection, people are shifting from in-ear-canal headphones to clip-on headphones. Clip-on headphones help in protecting the user from bacteria that can cause infection and provide them a harmless listening pleasure. Some headphones designs have gigantic earbuds and create a lot of pressure on the ears, which can cause discomfort to the user while wearing them. Clip-on headphones are one such product which is suitable for consumer who usually on the move and would like to listen to music as well. The clip-on headphones designed in such a way that they can lean on the ear hooks and tend to stay on users ears even if they are involved in vigorous activities, jogging, exercising, or playing sports.

Reasons for Covering Clip-On Headphones Market Title

Nowadays, consumers are demanding for headphones that are trendy, fashionable, and can best paired with their smartphones, laptops, portable music players, and various other devices. Also, demanding offer headphones with uninterrupted sound and excellent connectivity are the factors influencing the growth of the clip-on headphones market in the near future.

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Moreover, the rapidly growing trend of listening to music regularly during the walk, jogging, traveling, and at the gym have created an opportunity for manufacturers to develop advanced featured headphones for rough and tough usage. Rise in brand fidelity, which is one of the influential factors for consumer choices fueling the growth of the clip-on headphones market during the forecast period.

However, availability of counterfeit clip-on headphones, rise in complexity of headphones, growing cost of headphones, and negative impact of headphones on health are some of the factors that may hamper the growth of the global clip-on headphones market.

Frequently changing consumer requirement and preference for headphones with personalized functionalities along with tending to buy superior, stylish headphones which are inexpensive has created the significant potential for manufacturers to develop innovative clip-on headphones.

Regional Outlook

The clip-on headphones market is anticipated to register significant growth across all the regions during the forecast period. The clip-on headphones market is classified into seven key areas: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa.

Europe is expected to be the leading markets in the global clip-on headphones market followed by North America owing to frequently launch of innovative products, presence of a large number of players in the regions and high demand for wireless headphones with multiple features.

South Asia and East Asia clip-on headphones market is expected to account healthy CAGR during the forecast period owing to the presence of potential customer along with a rise in per capita spending on electronic devices by consumers. MEA is likely to offer attractive opportunity in the global clip-on headphones market in the coming years due to the influx of prominent brand in the market.

Global Clip-On Headphones Market: Key Players

Some of the key players operating in the global clip-on headphones market are Koninklijke Philips N.V., Koss Corporation, Panasonic Corporation, Bang & Olufsen, Avantree, Beats Electronics LLC, Sony Corporation, MPOW, Creative Technology Ltd., Letscom, Audio-Technica Corporation, The Best Industries PRO Company, Maxell Holdings, Ltd., Victor Company of Japan, Ltd., and others.

Global Clip-On Headphones Market: Key Developments

In 2019, Keymao introduced new magnetic chip-on headphones to support active consumer lifestyles. These clip-on headphones can be easily mounted to a wide range of head-worn accessories. This advanced feature allows the user to comfortably go about rigorous sports activities without irritation of headphones readjustment or even prevent them from sliding off entirely.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications. The report covers exhaustive analysis on:

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

Regional analysis includes:

Malaysia
Thailand
Vietnam
Philippines
Indonesia

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

Key Segmentation

On the basis of technology

Wired
Wireless

On the basis of headset type

ANC
Non-ANC

On the basis of application

Personal Use
Professional
Sports
Gaming

On the basis of the price range

Economy
Mid-Range
Premium

On the basis of the sales channel

Direct
Indirect
Supermarkets/Hypermarkets
Multi-Brand Stores
Exclusive Stores/Franchises
Independent Small Stores
E-Retailers
Other Sales Channel

Author

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

High Barrier Lidding Film Market is Expected to Grow at a CAGR of 4.6% by 2033 | FMI

The global high barrier lidding film market size is anticipated to reach US$ 2.3 billion in 2023. The growth is expected to progress at 4.6%, reaching a valuation of US$ 4.1 billion by 2033. High barrier lidding film sales are anticipated to be fueled by their superior performance, lightweight composition, attractive packaging, and broad consumer appeal.

Evolution of High Barrier Lidding Films with Active and Intelligent Packaging

Innovative trends that are revolutionizing the industry contribute to a massive transition in the high barrier lidding film sales. Technology integration for active and intelligent packaging is now the norm. High barrier lidding films have sophisticated features like freshness sensors and time-temperature indicators. These developments are revolutionizing the safety and quality control of products.

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Consumers may check the freshness of perishable goods using time-temperature indicators, which also helps to prevent food waste. Freshness sensors watch for changes in packing integrity to avoid contamination and tampering. Developing high-barrier lidding films improves the customer experience and satisfies the contemporary market’s strict requirements for safer and more environmentally friendly packaging solutions. These high barrier lidding film market trends are positioned to influence the future as they continue to gain traction.

Emergence of Eco-friendly Product Fuels High Barrier Lidding Films Demand

The high barrier lidding film demand is seeing an evident rise in environmentally friendly developments, especially in long-lasting high barrier lidding films. This expansion is caused by the rising demand for environmentally friendly packaging options. These cutting-edge lidding films are created to protect effectively while having the least possible adverse environmental effects. They frequently use recyclable or biodegradable materials, which reduces the amount of plastic waste.

Businesses are recognizing the need to adapt as consumer knowledge of the significance of eco-conscious decisions rises, not just to comply with legal requirements but also to fit with the preferences of a sustainability-conscious customer base. As a result, the packaging industry’s transition to a more environmentally responsible future increasingly depends on eco-friendly lidding films.

Customer Demand for Sustainability Risks High Barrier Lidding Films

As sustainability gains popularity, environmental concerns are impacting the high barrier lidding film market. Due to their unfavorable environmental effects, plastic packaging materials such as high barrier lidding films are being scrutinized more closely. The industry is under pressure to use less plastic and adopt eco-friendly alternatives due to government and consumer advocacy for greener alternatives.

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Due to the growing demand for sustainability, the market growth of conventional high barrier films is being constrained. This has forced producers to look at more eco-friendly packaging options and invest in them to meet changing consumer demands and lessen their environmental impact.

“The market is expected to expand rapidly due to the rising need for food packaging solutions that preserve product freshness and improve shelf life. Due to developing sustainability concerns, eco-friendly options may gain popularity and change the business environment.” Opines FMI analyst.

Key Takeaways

The PET segment of the material category is to grab a share of 35.6% by 2033.
In the end-use category, the food segment accounts for a market share of 42.1% during the forecast period.
By 2033, Italy market is expected to possess a 4.8% share.
By 2033, Canada anticipates capturing a 3% market share.
The United States high barrier lidding film market is forecast to have an 18.5% market share by 2033.
By 2033, Germany is expected to hold 6.8% of the market share.
Japan’s market share is expected to reach 4.1% by 2033.
The market in France may acquire a share of 4.5% until 2033.
Until 2033, China may grab a high barrier lidding film market share of 13.9%.
The India market is going to continue to hold a share of 5.3% through 2033.
Until 2033, the market in the United Kingdom is anticipated to grab a share of 3.3%.
The Spain market is going to acquire a share of 4.0% through 2033.
The South Korean market is expected to have 1.9% of the market share by 2033.
By 2033, Thailand is anticipated to hold 2.1% of the market share.

Competitive Landscape

Leading high barrier lidding film manufacturers make up a modest 10% to 15% of the market, characterized by fragmentation. Prospects for growth include:

Establishing a more robust market presence through mergers and acquisitions.
Researching untapped markets.
Taking advantage of new developments in consumable supplies for cytology and histology.

These developments fuel high barrier lidding film market expansion within the target industry, opening doors for businesses to solidify their positions and increase their market share.

Noteworthy Advancements

In July 2021, Bemis worked with several leading rivals in the industry to help determine the future of apparel innovation while demonstrating its dedication to ethical business practices.
Kaladex polyethylene naphthalate (PEN) high-performance polyester films for demanding applications to again be available, according to a May 2021 announcement from DuPont Teijin Films.

Key Segments

By Product Type:

Cup
Tray
Top-Web

By Material:

Polyethylene (PE)
Polypropylene (PP)
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)

By End Use:

Food and Beverages
Pharmaceuticals
Cosmetics
Consumer Goods

By Region:

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

About Future Market Insights Inc. (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

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IoT and AI in Manufacturing Propel Chemistry 4.0 Market Towards US$ 178.73 Billion by 2033

The chemistry 4.0 market is anticipated to grow from US$ 70.82 billion in 2023 to US$ 178.73 billion by 2033, with a projected CAGR of 9.7% over the forecast period.

The primary drivers of chemistry 4.0 market growths are the manufacturing sector’s rapid adoption of artificial intelligence (AI) and the Internet of Things (IoT), as well as rising consumer demand for industrial robots used in the production of pharmaceuticals and medical devices, increasing government investments in additive manufacturing and 3D printing, and expanding use of blockchain technology.

The need for robots has increased. Additionally, robots, which were formerly more expensive and had fewer possibilities, are now accessible tools that can do a range of tasks. Industrial robots, in particular, are commonly used by people all around the world.

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According to a report on the most recent trends in the robotics industry, industrial robots are being used more frequently in production hubs, which has sped up their development, evolution, and improvement. This will probably encourage the growth of the chemistry 4.0 market.

Corporations in North America are adopting the idea of smart manufacturing more and more, and the area is predicted to rule the chemistry 4.0 markets. Europe had the second-largest market share for industry 4.0. To maintain its position in the international market, the European chemistry 4.0 markets have made enormous investments in technologies and expertise.

Japan, China, and South Korea are navigating the Asia Pacific chemistry 4.0 market expansions thanks to their thorough approaches to adopting industrial automation and implementing new technologies in their production system value chain.

Key Takeaways

An estimated USD 3,571 billion was spent on sales of chemistry 4.0.
From USD 3,826 billion in 2021, sales decreased by 4.5% in 2021.
Sales of chemistry 4.0 were accounted for by the BRICS (Brazil, Russia, India, China, and South Africa) countries at 50.5%.
Rising Asian economies, particularly those in the Middle East, produced the majority of the sales of chemistry 4.0 in the fourth quarter.
With USD 1,731 billion in sales of chemistry 4.0, China is the largest chemical manufacturer in the world.
From 16.5% in 2010 to 12.3% in 2020, the United States’ share of global sales decreased.
Over the same period, Japan’s chemistry 4.0 market share dropped from 6.8% to 4.1%.
China now accounts for 44.7% of chemistry 4.0 market sales, up from 25.9% in 2010.

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Competitive Landscape

The key companies of the chemistry 4.0 market are constantly on the lookout for effective ways to market their goods and consolidate their positions. One such tactic is to partner with other businesses to introduce new products in order to reach more end users.

Key Players

BASF
Dow
Sinopec
Sabic
Ineos
Formosa Plastics[B]
ExxonMobil Chemical
LyondellBasell Industries
Mitsubishi Chemical
DuPont
LG Chem
Reliance Industries
PetroChina
Air Liquide
Toray Industries

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani