Microfiber Cleaning Cloth Market Set for Steady Growth, Driven by Rising Demand for Hygiene and Sustainability

According to the latest research by Future Market Insights, the global microfiber cleaning fabric market is expected to experience steady growth with a Compound Annual Growth Rate (CAGR) of approximately 4.5% during the forecast period. Microfiber, an artificial material finer than a human hair and composed of a blend of polyester and polyamide fibers, is gaining traction due to its excellent cleaning properties, durability, and versatility.

Rising Hygiene Awareness Fuels Market Demand

Microfiber cleaning fabrics, known for their ability to capture and retain dirt and moisture, are in increasing demand as consumers become more aware of hygiene and the benefits of using microfiber for cleaning. This cloth, which has remarkable absorbency and electrostatic properties, makes cleaning surfaces faster and more efficient. These qualities have positioned microfiber as the preferred material in both residential and commercial cleaning applications.

Key drivers of the microfiber cleaning cloth market include:

  • Superior Cleaning Performance: Microfiber cleaning fabrics are renowned for their ability to clean surfaces more effectively compared to traditional cleaning materials. The blend of polyester and polyamide ensures superior moisture retention, increased durability, and electrostatic properties that enhance the cleaning experience.
  • Versatility and Cost-Effectiveness: The multipurpose nature of microfiber cleaning cloths, such as their ability to polish glass, clean spills, wipe countertops, and even dry utensils, has contributed significantly to their rising popularity. Microfiber cloths often serve as an all-in-one cleaning solution, reducing the need for multiple cleaning products.
  • Sustainability and Eco-Friendliness: Increasing demand for eco-friendly products, particularly among environmentally conscious consumers, is another factor driving the adoption of microfiber cleaning materials. The biodegradable nature of microfiber and its ability to be washed and reused multiple times make it an attractive option for households and commercial establishments seeking sustainable solutions.

Market Growth Drivers

The rising urbanization and growing disposable income are contributing to the increasing demand for household and commercial cleaning products, especially microfiber cloths. Additionally, the superior absorption technology of microfiber cleaning fabrics—capable of holding liquid and dirt up to ten times their weight—has made them a popular choice in various sectors, including hospitality, healthcare, and homecare.

Innovative features such as fast-drying capabilities and non-slip properties have also added to the popularity of microfiber cleaning cloths. In particular, the demand for origami non-woven microfiber cloths, known for their ease of cleaning and efficient drying, is increasing rapidly.

Regional Insights

  • North America: The demand for microfiber cleaning fabrics in the USA and Canada is driven by urbanization, an increasing number of commercial establishments, and the convenience of easy-to-wash, quick-drying cleaning solutions.
  • Europe: In Europe, environmentally conscious consumers, particularly younger generations, are fueling the shift towards sustainable microfiber cleaning products, with strong demand also seen in medical and laboratory sectors.

Key Manufacturers and Suppliers of Microfiber Cleaning Cloth

  • TORAY INDUSTRIES, INC.,
  • Norwex USA,
  • KITA,
  • Freudenberg Home and Cleaning Solutions GmbH.,
  • kingmaxclean,
  • Zwipes,
  • Wong’s Cleaning Service Company Limited.,
  • Target Brands, Inc.,
  • EC21 Inc.,
  • Medline Industries, Inc.,
  • S&P Global, WELCRON CO., Ltd,
  • UNGER Germany GmbH,
  • GameX,Toray Industries Inc., and many others.

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Key Segments

By Raw Material:

  • Multicomponent
  • Monocomponent

By End-Use:

  • Household Use
  • Commercial and Industrial
    • Healthcare
    • HoReCa (Hotels, Restaurants & Cafes)
    • Commercial
    • Public Interest
    • Industrial
  • Car Care
    • Personal
    • Auto Repair Shop
    • Car Wash Center

By Price Range:

  • Under USD 30
  • USD 30 – USD 60
  • USD 60 – USD 90
  • USD 90 & above

By Distribution Channel:

  • Direct Sales
  • Hypermarkets/ Supermarkets
  • Online retailing
  • Others

By Region:

  • North America
    • USA & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
    • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other 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 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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Global Oven Market Poised for Steady Growth, Projected to Reach USD 5,006.70 Million by 2034

The global oven market is forecast to experience steady growth, expected to reach USD 5,006.70 million by 2034, up from USD 3,132.80 million in 2024, marking a compound annual growth rate (CAGR) of 4.80% over the next decade. This optimistic outlook is supported by evolving consumer preferences, technological innovations, and increasing demand for modern kitchen appliances.

Key Growth Drivers

The growth of the oven market is driven by several critical factors. Rising incomes and rapid urbanization in developing countries are creating a robust demand for advanced kitchen appliances like ovens. As consumers increasingly move towards more convenient and diverse cooking options, the demand for versatile appliances is growing, reflecting a shift towards ‘lazy cooking’ and culinary exploration. Additionally, ovens are being recognized as essential tools for home chefs and urban dwellers looking to diversify their cooking styles.

Oven manufacturers are responding to these shifts by introducing appliances with innovative features such as smart connectivity, multifunctionality, and improved energy efficiency. These advances cater to the needs of today’s tech-savvy consumers who seek appliances that offer convenience, ease of use, and sustainability.

Market Trends

  • Smart Oven Technology: The rise of smart ovens equipped with AI and IoT capabilities is revolutionizing the cooking experience. Features like remote monitoring, recipe suggestions, and voice-controlled functions are making cooking easier and more efficient. As consumers demand more intelligent solutions for their kitchens, smart ovens are poised to become a major segment in the market.
  • Energy Efficiency and Sustainability: The growing focus on environmental impact has led to the rise of energy-efficient ovens. Manufacturers are increasingly incorporating eco-friendly designs, such as convection heating and insulation materials, to reduce energy consumption and meet global sustainability goals.
  • Multifunctional Ovens: Ovens that combine multiple cooking functions (baking, grilling, steaming, etc.) are in high demand. These multifunctional appliances cater to diverse culinary needs, offering flexibility for consumers who prefer convenience and versatility in the kitchen.
  • Compact and Space-Saving Solutions: Compact ovens are becoming increasingly popular, particularly in urban areas where kitchen space is limited. Slim-profile countertop ovens are a preferred choice for small apartments, offering the convenience of an oven without the need for extensive kitchen space.

Market Segmentation and Consumer Trends

  • Countertop Ovens dominate the market with a 76.30% share in 2024. These compact, affordable appliances are ideal for smaller living spaces and are becoming a staple in urban kitchens.
  • Commercial Ovens are also experiencing growth, particularly in the restaurant and hospitality sectors. Commercial ovens, known for their high capacity and durability, are forecast to capture 65.10% of the market in 2024. The demand for energy-efficient commercial ovens is expected to surge as businesses look for ways to reduce operational costs.

Regional Insights

  • United States: The oven market in the U.S. is mature, with a moderate CAGR of 2.40% expected through 2034. Replacement demand is the key driver here, with consumers opting for energy-efficient models with modern features such as Wi-Fi connectivity and self-cleaning systems.
  • Australia: The Australian market is witnessing robust growth, with a CAGR of 4.50%. The rising demand for healthier cooking options and innovative technologies like steam and combi-ovens is shaping consumer preferences.
  • Germany: The German market is relatively stable with a CAGR of 1.50%. While the demand for quality and durability remains high, the focus is shifting towards energy-efficient and precision-cooking features.
  • China: China is expected to experience the highest growth rate, with a projected CAGR of 6.20%. The expanding middle class, increased disposable incomes, and demand for modern cooking appliances are driving this surge in oven adoption.
  • India: India’s oven market is anticipated to grow at an impressive 7.00% CAGR through 2034. The rise of urban nuclear families, combined with growing disposable incomes, is creating an opportunity for manufacturers to introduce affordable and feature-rich ovens tailored to local preferences.

Key Companies in the Market

  • Hawkins Cookers Limited
  • Stove Kraft Limited
  • TTK Prestige Limited
  • Somany Home Innovation Limited (SHIL)
  • Franke-Faber
  • CATA Electrodomesticos India
  • Sunflame Enterprises Private Limited
  • Whirlpool Limited

Recent Developments in the Industry

  • In August 2023, Miele, headquartered in Germany, revolutionized kitchen cleaning with the launch of the Miele Steam Oven featuring the HydroClean function. This innovative self-cleaning feature simplifies oven maintenance by effortlessly removing stubborn food residue, ensuring hassle-free cooking experiences for users worldwide.
  • LG Electronics, based in South Korea, made strides towards sustainability in August 2023 by introducing a lineup of home appliances designed for the ‘Net-Zero House’. With a focus on A-grade energy efficiency, LG’s latest kitchen, laundry, and living solutions aim to reduce power consumption, operational costs, and environmental footprint, catering to eco-conscious consumers.
  • In August 2023, LG Electronics India joined forces with ITC Foods in a strategic partnership to redefine cooking experiences for consumers across India. Leveraging the expertise of both industry leaders, the collaboration aims to offer Indian consumers more convenient, healthier, and versatile cooking solutions, addressing evolving culinary needs and preferences.

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Key Segments

By Product Type:

  • Countertop
  • Built-in

By Application:

  • Commercial
    • Restaurants
    • Hotels
    • Schools
    • Bakery
    • Others
  • Residential

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Wholesaler/Distributor
  • Specialty Stores
  • Multi-brand store
  • 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 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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Global Surge in Custom T-shirt Printing Driven by Rising Demand for Personalized Fashion and Branding

According to newly released data by Future Market Insights (FMI), the global custom t-shirt printing market is poised for remarkable growth. Valued at USD 3,883.1 million in 2023, the market is projected to surge to USD 9,883.2 million by 2033, growing at a compound annual growth rate (CAGR) of 9.7% over the next decade.

This growth is attributed to a number of key factors, including a growing preference for customized, fashionable clothing, especially among young consumers, and the increasing disposable income worldwide. In addition, customized t-shirts are gaining popularity in the fashion industry as they allow individuals to express their personal styles, preferences, and beliefs. The market’s share within the global apparel sector is estimated to range between 2%-5%.

Key Market Drivers

  • Customization and Personalization – Customized t-shirts have become a powerful medium for self-expression, allowing consumers to wear clothing that matches their individual style and personality.
  • Rising Disposable Incomes – As disposable incomes increase globally, particularly among younger populations, consumers are more inclined to spend on personalized apparel. Custom t-shirts, which are often priced higher than standard options, have become more affordable as purchasing power improves.
  • Branding and Marketing – Custom t-shirts are increasingly used by companies, particularly startups, as a cost-effective branding strategy. These personalized garments not only promote company visibility but also help foster customer loyalty.
  • Growth in Sports and Social Movements – Customized t-shirts are increasingly worn by sports teams, businesses, and social organizations, contributing to rising demand. Customized designs for social causes or to express unity are also growing in popularity.

Regional Insights

  • USA: The growing popularity of outdoor sports and team branding is driving demand for customized t-shirts, with the USA accounting for the largest share in North America.
  • China: Increased e-commerce penetration and rising demand for personalized fashion are boosting the custom t-shirt printing industry in China.
  • India: The rise of startups and online custom t-shirt design platforms is accelerating growth in India, particularly among millennials.
  • Germany: Collaborations with the entertainment industry, especially movie-themed t-shirts, are fueling demand in Germany.

Key Trends Shaping the Market

  • Outdoor Sports Influence: Increasing demand for customized sportswear, including jerseys and t-shirts, has created new growth opportunities in the custom t-shirt printing sector. Professional and amateur teams alike are adopting personalized designs for visibility and team identity.
  • Screen Printing Dominance: Screen printing continues to be the preferred technique for custom t-shirt printing, accounting for over 52.1% of the market share. Its ability to deliver high-quality prints at a cost-effective price for mass production ensures its continued dominance.
  • E-commerce Growth: The shift toward online sales channels is driving market growth, with online shopping platforms expected to register a CAGR of 13.1% from 2023 to 2033. The convenience of customizing t-shirts online, along with various discounts and deals, has attracted a large consumer base.
  • Unisex Clothing Trend: The demand for unisex t-shirts is surging as societal acceptance of diverse gender identities increases. The unisex segment is forecast to grow at a CAGR of 12.5%, surpassing traditional men’s t-shirt sales.

Competitive Landscape

Leading players in the industry are concentrating on expansion, innovation, and new product launches to drive business growth.

For instance

  • In 2021, Printful has collaborated with Vexels, the leading design platform for commercial and merch use graphics.

Key Companies Profiled

CafePress Inc.; Custom Ink, LLC.; CustomThread; Printful Inc.; RushOrderTees.com; Spreadshirt; THEBLUEGECKOPRINTING; THREADBIRD; UberPrints, Inc.; Vistaprint; Blue Gecko (UK) Ltd; POLOS INC; Teetalkies; INSTANT IMPRINTS; Rogue Star; Sharprint; Kornit Digital; Carhartt, Inc.; Nike, Inc; Others

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Global Custom T-shirt Printing Market by Category

By Printing Technique:

  • Screen Printing
  • Digital Printing
  • Plot Printing
  • Others

By Design:

  • Graphic Design
  • Artwork

By End Use:

  • Men
  • Women
  • Kids
  • Unisex

By Sales Channel:

  • Online
  • Offline

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
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Used Bike Marketplace Sales Expected to Reach USD 68 Billion by 2032, Growing at a 4.6% CAGR | FMI Insights

Sales of Used Bikes through Bike Marketplace
Sales of Used Bikes through Bike Marketplace

The sales of used bikes through bike marketplaces are expected to witness steady growth, with an average Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. This growth is driven by increasing awareness of bike marketplace platforms, leading to a significant rise in sales from USD 43 billion in 2022 to USD 68 billion by 2032.

Consumers are attracted to used bike marketplaces due to the affordability of second-hand bikes, which typically require less maintenance compared to new models. Additionally, worsening traffic conditions in urban areas are playing a crucial role in boosting used bike market trends, as the growing number of daily commuters look for cost-effective transportation options.

The used luxury bike segment is particularly strong in marketplace sales, offering higher profit margins for vendors. Moreover, the involvement of Original Equipment Manufacturers (OEMs) in the sale of used bikes through these platforms has increased, driven by higher commissions for market players.

However, the report also highlights potential regulatory challenges, as public administrations are increasingly imposing constraints on the environmental impact of older vehicles. With many regulatory bodies mandating limits on the lifespan of vehicles to control emissions, this could present a significant hurdle to the growth of bike marketplaces during the forecast period.

Key Takeaways

  • The historical size of the global used bike marketplace in the year 2021 is estimated to be around USD 38.2 Billion.
  • The yea-on-year growth rate of the used bike marketplace is found to have improved from that of 4% recorded during the time period covering 2017 to 2021.
  • On the basis of distribution channel, customer to customer method of business is the dominating segment with 62.8% contribution.
  • Imported bikes accrue almost 63% of the total sales of used bikes through bike marketplace achieved by the global market.
  • Bikes with an engine capacity ranging between 150 CC to 200 CC is figured out to be the highest selling segment for the sales ofused bikes through bike marketplace.
  • In consistent with the fact, super bikes are the most popular segment with 25.2% market share and higher profit margin for the sales ofused bikes through bike marketplace.
  • Used electric bikes for sale through marketplaces has surfaced to be rapidly gaining traction against petrol bikes, by acquiring nearly 31.7% of the total market in a very short time.

In-Depth Market Analysis: A Complete Report

Competitive Landscape

Some of the market key playersincludes Droom, CredR, Bikedekho, Bikewale, Mahindra First Choice, Bikers Highway, OLX, Quicker, Use Motorcycle Store, and Bicycle Bluebook among others.

Key Segmentations

By Distribution Channel:

  • Customer to Customer
  • Business to Customer

By Source:

  • Domestic Bikes
  • Imported Bikes

By Engine Capacity:

  • Up to 100 CC
  • 100 to 110 CC
  • 110 to 135 CC
  • 135 to 200 CC
  • Above 200 CC

By Type:

  • Computer
  • Off-Roading
  • Sports
  • Super Bikes
  • Cruiser Bikes
  • Others

By Propulsion:

  • Petrol
  • Electric

By Region:

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

Recent Developments

CredR is a well-known used bike sales online website that has pledged to deliver used bikes to the homes of its customers by the year 2020. Consequently, CredR Care has now become associated with the on-demand doorstep bike service sector that it provides as a result of this new business approach.

Triumph Motorcycles, based in the United Kingdom (UK), has announced the launch of a used premium bike programme especially for the Indian market and consumers in 2019. In addition, the company also wants to provide clients financing alternatives for its reconditioned or refurbished products to further attract potential buyers.

About Future Market Insights (FMI)

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

Contact Us:    

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
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Waterproof E-Scooter Industry Anticipated to Reach USD 8.3 Billion by 2032, Expanding at a 5% CAGR | FMI Insights

Water Proof E-Scooter Market
Water Proof E-Scooter Industry
The waterproof e-scooter industry is projected to grow at a 5% CAGR, with its value rising from USD 5.1 billion in 2022 to USD 8.3 billion in the coming years. According to FMI research, over 71% of e-scooter models now have water resistance features, up from just 40% in 2021, leading to a boost in sales.

This growth is expected to accelerate, with waterproof e-scooters seeing the fastest sales increase. Enhancements such as better speed and range, a sturdier stem clamp, fourth-generation frames, updated multi-switches, turn signals, motorcycle-grade horns, dual-purpose footrests, and larger rubber decks are driving demand. Some models, like those reaching 62 mph, are competing with high-performance vehicles, further fueling interest in waterproof options. Models like the Dualtron Thunder 2, offering up to 106 miles of range with a high-capacity battery, contribute to the market’s rise, with high-quality battery cells improving energy density and efficiency.

Brands like Xiaomi, Ninebot, and Aovo offer a range of waterproof e-scooters, enhancing revenue as awareness of weather patterns and fuel costs grows.

However, a key challenge persists: no e-scooter on the market is entirely waterproof. While many are water-resistant and can handle rain and snow, consumer demand is increasingly focused on fully waterproof models that can cover longer distances, which remains a major hurdle for the market’s expansion.

KEY TAKEAWAYS:

  • By type, two wheel category is expected to lead the waterproof E-Scooter market during the forecast period.
  • By IP rating, IP65 category dominated the waterproof E-Scooter market, due to its durability to last in every climate.
  • During the forecast period, the OEM segment is expected to dominate the waterproof E-Scooter market.
  • With the rising popularity of waterproof E-Scooters and increased spending on waterproof E-Scooter, the United States leads the market.
  • China waterproof E-Scooter market is forecast to grow at a highest CAGR of 18.7 during the forecast period.
  • Japan waterproof E-Scooter market is expected to develop rapidly in the global waterproof E-Scooter industry with a CAGR of 13.5% from 2022 to 2032.

COMPETITIVE LANDSCAPE:

Key companies profiled in the waterproof E-Scooter market report include Xiaomi Corporation, Voro Motors, Segway, Apollo Scooters, GOTRAX, Aovopro , INOKIM, and KAABO.

Many players in the waterproof E-Scooter market are focusing on launching stores in several countries as part of a joint venture strategy to expand their global reach. To extend their market share, leading market players are focused on various growth strategies such as research and development, mergers and acquisitions, and the launch of new waterproof E-Scooters.

In-Depth Market Analysis: A Complete Report

Key Segmentations

By Product Type:

  • Unicycle
  • Two Wheeler
  • Three Wheeler

By Wattage:

  • Up to 250 Watt
  • 250 to 450 Watts
  • 450 to 700 Watts
  • Above 700 Watts

By Battery Health:

  • Healthy
  • Good
  • Bad
  • Worst

By Distribution Channel:

  • OEM
  • E-Commerce
  • Others

By Type:

  • Lithium Ion Battery
  • Sealed Lead Acid Batteries
  • Nickel Metal Hydride Batteries
  • Others

By Regions:

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

RECENT DEVELOPMENT:

Partnerships, Product Launches, Collaborations, and Agreements:

  • Xiaomi released the Mi Electric Scooter Pro 2 in 2021. It’s a customized Mercedes-AMG Petronas F1 Team Edition with a top speed of 25 km/h and a range of 45 kilometers.
  • In 2022, Aovo launched Aovo M365. It has a large and intelligent battery of 10.4 AH and a 350 W motor. Its brushless motor is one of its distinguishing features. This motor may easily allow your M365 Pro to go 30 to 35 kilometers after charging it 100 percent.

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:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Electric Vehicle Sensor Industry Set to Reach USD 49,392.50 Million by 2034, Expanding at an Impressive 16.5% CAGR | FMI Insights

Electric Vehicle Sensor Market
Electric Vehicle Sensor Industry

The electric vehicle sensor industry is expected to reach a valuation of USD 10,725.11 million by 2024, with its growth closely tied to the increasing number of electric vehicles (EVs) on the road. As sustainability gains momentum, the EV sensor market is thriving alongside the growing electric vehicle sector.

The industry is projected to grow at a robust CAGR of 16.5% through 2034. This surge is largely driven by the rising adoption of luxury electric vehicles, fueled by consumer demand for automation and comfort. EV sensors, particularly those integrated with advanced driver assistance systems (ADAS) and autonomous driving systems, are improving the overall convenience and usability of EVs, boosting market expansion during the forecast period.

By 2034, the electric vehicle sensor market is anticipated to reach USD 49,392.50 million. As consumers become more knowledgeable about electric vehicles, advancements in EV sensor technology are gaining importance. Battery sensors, which provide enhanced safety features, are expected to significantly contribute to the market’s growth.

Key drivers of this expansion include position sensors, temperature sensors, and other sensor varieties that assist with lane changes, parking, and various driving needs, all of which are contributing to the market’s positive outlook.

Key Takeaways from the Electric Vehicle Sensor Industry

  • The Electric Vehicle Sensor market is expected to be USD 10,725.11 million in size in 2024.
  • Position sensor is the top product type in the market. Position sensors are expected to account for 42.9% of the market share in 2024.
  • OEMs are the predominant sales channel. For 2024, OEM sale is anticipated to account for 93.0% of the market share.
  • India is expected to be a promising country in terms of progress for the market. The country is forecasted to have a CAGR of 18.8% from 2024 to 2034 in the market.
  • South Korea and Australia are poised to be lucrative countries for the market. For the forecast period, the CAGR for South Korea and Australia is predicted to be 17.9% and 18.2% respectively.
  • The market is expected to progress at a CAGR of 17.1% in Spain through 2034.

“With government help in addition to increased private funding, the EV sector is thriving. Components of EVs are no different and thus the Electric Vehicle Sensor market represents significant potential for investors,” – says an analyst at FMI.

In-Depth Market Analysis: A Complete Report

Competition Analysis of the Electric Vehicle Sensor Industry

Large multinational companies hold a significant share of the market, although the doors are not shut off for new entrants and startups. Partnerships with EV manufacturers are being sought to ease the sale process. Some of the prominent companies in the market include Analog Devices Inc., Denso Corporation, Amphenol Advanced Sensors, and Infineon Technologies AG

Key Players

  • Analog Devices Inc.
  • Denso Corporation
  • Amphenol Advanced Sensors
  • Infineon Technologies AG
  • Allegro MicroSystems, LLC
  • AMS Osram AG
  • Kohshin Electric Corporation
  • LEM
  • Renesas Electronics Corporation
  • Sensata Technologies
  • STMicroelectronics
  • Melexis
  • Texas Instruments Incorporated
  • Vishay Intertechnology, Inc
  • NXP Semiconductors NV

Recent Developments in the Electric Vehicle Sensor Industry

  • In January 2024, the Xensiv TLI5590-A6W magnetic position sensor from Infineon was launched.
  • In April 2022, it was announced that Denso Corporation’s sensors had found a place in two new electrical vehicles, the Toyota bZ4X and the Subaru Solterra.

Key Segmentations

By Product Type:

  • Temperature Sensors
  • Current Sensors
  • Position Sensors
  • Pressure Sensors
  • Speed Sensors

By Sales Channel:

  • OEM
  • Aftermarket

By Propulsion:

  • Battery Electric Vehicles (BEVs)
  • Hybrid Electric Vehicles (HEVs)
  • Plug-In Hybrid Electric Vehicles (PHEVs)

By Region:

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

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Three-Wheel E-Scooter Industry Expected to Reach USD 1,361.4 Million by 2034, Growing at a 2.4% CAGR | FMI Insights

Three Wheel E-Scooter Market
Three Wheel E-Scooter Industry

The global three-wheel e-scooter industry is expected to reach USD 1,074 million by 2024 and grow at a CAGR of 2.4%, reaching around USD 1,361.4 million by 2034.

Three-wheel e-scooters are gaining popularity worldwide due to their user-friendly design and added stability from the extra wheel compared to traditional two-wheel models. These scooters offer greater balance, making them appealing to adults, children, and beginners who may otherwise struggle with two-wheelers. They also reduce the risk of tipping, especially on uneven terrain or during sharp turns.

Manufacturers are increasingly focusing on producing three-wheel e-scooters with lithium-ion batteries to attract more customers. The price of these batteries has significantly dropped, from over USD 1100 in 2010 to around USD 156 in 2020, with expectations for further reduction to USD 100 by 2023. This decline is driven by rising demand for electric vehicles and ongoing research to improve battery life. In contrast, lead-acid batteries have a shorter lifespan and lower energy density, leading consumers to prefer the more cost-effective lithium-ion alternatives.

KEY TAKEAWAYS:

  • The European three-wheel e-scooter market will command the largest portion of the market. The rapid development of infrastructure and the industrialisation of new technologies are boosting the growth of the European demand for three-wheel e-scooter.
  • In 2019, the 36V segment accounted for more than 60% of the three-wheel e-scooter market’s The 36V battery segment’s supremacy can be ascribed to its strong power output and compatibility with electric scooters.
  • Retro is predicted to be the most profitable area based on application. This is related to a move toward green vehicles for short-distance travel.
  • Due to its durability and low cost, sealed lead-acid batteries dominated the industry in 2021, accounting for about 62 percent of total sales of three-wheel e-scooter.

In-Depth Market Analysis: A Complete Report

Key Players

  • Invacare
  • Afikim Electric Vehicle
  • Hoveround Corporation
  • Pride Mobility Products
  • Sunrise Medical Inc.
  • VAN OS Medical UK Ltd
  • Energica Motor Company S.p.A.
  • EV Rider LLC
  • UK Mobility Group Ltd
  • Golden Technologies
  • MERITS Co. Ltd
  • Hero Moto Corp

RECENT DEVELOPMENT:

  • Due to increased demand, Hero Electric (India) increased the capacity of its new production facility in Ludhiana (India) in September 2021. By Q2 2022, the company has increased production capacity from 1 lakh to over 5 lakh automobiles.
  • In August 2020, Okinawa Autotech introduced the R30, a low-speed electric scooter with a top speed of 25 kilometres per hour.

Key Segmentations

Battery Type:

  • Li-Ion
  • Ni-Mh
  • Lead Based
  • Others

Technology:

  • Plugin
  • Battery

Price Range:

  • Below USD 200
  • USD 200 – 375
  • USD 375.1 – 750
  • USD 750.1 – 1100
  • Above USD 1,100

Distribution:

  • OEM
  • E-Commerce
  • Others

End Use:

  • Personal
  • Rental
  • Law Enforcement

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:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Used E-Scooter Industry Projected to Reach USD 979.5 Million by 2034, Growing at a 3.2% CAGR | FMI Insights

Used E-Scooter Market
Used E-Scooter Industry

According to a study by FMI, the used e-scooter industry was valued at USD 714.8 million in 2024 and is projected to grow to USD 979.5 million by 2034, with a compound annual growth rate (CAGR) of 3.2%.

The shift towards electric vehicles, driven by environmental concerns, technological advancements, and cost-effective fuel solutions, is boosting sales of used e-scooters in new regions.

Key trends in the used e-scooter market include the expansion of electric vehicle components and the optimization of e-scooter transmission systems.

Competitive pricing, cashback offers, and online platforms offering detailed product analyses tailored to specific industries are further driving demand for used e-scooters across multiple regions.

Manufacturers are adopting cutting-edge technologies such as Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT) to make e-scooters more advanced and future-ready.

Government incentives, such as subsidies for electric vehicles, are also playing a key role in expanding the used e-scooter market, allowing it to reach new regions.

However, the market was negatively impacted by the COVID-19 pandemic, which led to the shutdown of manufacturing, research and development activities, and retail operations, affecting sales.

KEY TAKEAWAYS:

  • Asia pacific is one of the highest growing regions for used E-Scooter market as developing country like India is booming at the CAGR 12.8% between 2022-2032while Brazil thrives at a CAGR of 9.5% through 2032.
  • Europe also share its fare amount of share in the used e-scooter market as European countries pledge to limit their carbon emissions. Governments run awareness initiatives so that citizens adopt electric vehicles. This drives more traction for used e-scooter market.
  • Lithium-ion battery is the biggest segment in the battery type category of used e-scooter market and will be the largest portion in the forecast period, owing to factors like high-performance delivery, longer shelf life and easy installation.
  • The two-wheeler segment is the largest segment and will hold the biggest portion of the market in the forecast period, attributed to the factors like common and popular use, easy availability and better price ranges coupled with new integrated technologies.
  • Vehicle manufacturers keep on experimenting with their designs and technology in order to attract the new set of customers, expanding the used e-scooter market.

COMPETITIVE LANDSCAPE:

Some of the used E-Scooter market players profiled in the FMI’s study are xiaomi corporation, glion, voro motors, segway, Apollo scooters, GOTRAX, INOKIM, KAABOO, Razor, Hover and Bird.

The competitive landscape of used E-Scooter is dynamic in nature and allows new competitors to thrive in the market and increase competitiveness. The companies in the market are a part of mergers and collaborations that result in increased distribution channels and market spaces. These companies focus on updating the price ranges, making it accessible to use and increasing the security layers.

In-Depth Market Analysis: A Complete Report

Recent Developments in the Used E-Scooter Industry

  • Voro motors have put its new set of refurbished electric scooters at online sale including its latest EMOVE cruiser series, Dualtron and Wolf King with multiple battery options. This pushes the sales of used e-scooter market.
  • Razor has introduced its used e-scooter series including Eco smart metro and SUP with E300 and E100. This pushes the sales of used e-scooter in the new regions.

Key Segmentations

By Type:

  • Unicycle
  • Two Wheel
  • Three Wheel

By Wattage:

  • Up to 250 Watt
  • 250 to 450 Watts
  • 450 to 700 Watts
  • Above 700 Watts

By Battery Health:

  • Healthy
  • Good
  • Bad
  • Worst

By Distribution Channel:

  • OEM
  • E-Commerce

By Battery Type:

  • Lithium Ion Battery
  • Sealed Lead Acid Batteries
  • Nickel Metal Hydride Batteries

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The Bridal Sector Is Increased By The National Bridal Service

Although a ceremony industry devoted to the amenities of marriage ceremonies may look in trouble, brides-to-be are also purchasing gowns and hosting parties in droves. The tally of what Americans spend on their big day—including the cost of long white dresses, food and bouquets, officiants ‘ fees, rental rooms just large enough to seat all their friends and family, taxi service, wedding-cake adornments and more—comes to about fifty billion dollars a month.

That figure is higher than Mcdonald’s and Pepsico’s combined regional income, or the combined gross domestic products of the Bahamas and Aruba, which might explain why many in the bridal industry are confident that, despite some wear, traditional American weddings may still exist. According to artist Claire Pettibone, who has worked in the industry for 20 ages, her couples in New York and Los Angeles are getting married a little later than earlier generations, but with an “extra degree of age that makes them more interested in their individual design and individuality.”

In recent years there’s furthermore been an increased interest in “non-traditional” ceremonies, including location matters, gender-reveal celebrations and yet coed marriages. And with the growth of online bridal marketplaces, it’s now simpler than ever for a couple how to find a wife to organize their big day without a wedding planner or full-service bridal salon.

foreign women

Despite all this, the nation’s three thousand bridal shops remain deeply invested in their market. They team up for a year in July known as the National Bridal Sale Event. In this time, plenty of independently owned bridal retailers can provide brides-to-be with wedding gowns at significant savings.

Because they give them an opportunity to reach a wider selection of weddings, these occasions are significant to separate bridal-sale individuals. The business isn’t while merged as it once was, with a few key gamers like David’s competing for the same buyers. Some neighborhood marital shops are banding up to form a consortium called the National Bridal Service, a non-profit that promotes the National Bridal Sale Event and has efforts like providing bridal-shop-of-the-month prizes in response to the threat posed by the network.

To keep abreast of industry news, it’s a good idea to read bridal and fashion magazines ( Bride’s, Modern Bride ) as well as clothing trade publications such as Women’s Wear Daily. Additionally, reports can be found in full-text data like General Onefile and Abi-inform that your collection subscribes to. You can also obtain information about the National Bridal Service through its site, which offers a membership directory, seminars and webinars. Some of the tutorials are for business owners and managers, while others are for marital designers or for brides-to-be. Additionally, the organization maintains a website under the name Travel Consider Your Yes. The blogging contains a lot of helpful advice and resources for creating the ideal ceremony.

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