Market Research Blog – Page 5868 – New Product Development

Electric Vehicle Battery Housing Market Share to be worth US$ 24,219.1 Million by 2033

According to ESOMAR-certified Future Market Insights’ (FMI) – Over the forecast period, the global electric vehicle battery housing market share is expected to grow at a rapid CAGR of 31.8%. The market is expected to reach US$ 1,531.1 Million in 2023. The market is anticipated to reach US$ 24,219.1 Million by 2033.

Consumer acceptance of electric car battery housing is increasing, resulting in market expansion. The unexpected increase in demand would stimulate an expansion of capabilities across the whole value chain. The government’s tough pollution laws coupled with individuals’ growing environmental concerns are expected to drive up demand for battery housing for electric vehicles.

Owing to the growing market demand for electric cars, manufacturers are concentrating more on developing EV safety features. As the next step in the evolution of electric vehicles, they are also creating battery housing to strengthen EVs and boost range.

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Concerns about climate change and the looming depletion of fossil fuels have pushed efforts to develop better electric vehicle designs. Battery casings for electric cars perform worse than conventional battery enclosures. Additionally, it is more eco-friendly. Nonmetallic components provide strong mechanical properties, such as high rigidity and strength while being lightweight. When compared to metallic materials such as aluminum or steel, an electric car battery housing made of non-metallic components can save up to 40% weight.

There are distinct benefits to adopting an electric vehicle battery housing. To craft the mobility of the future even more capable, electric vehicle makers are rapidly adopting battery housings, which is growing sales of the electric vehicle battery housing.

Europe is leading the global electric vehicle battery housing market as a result of growing government support for the EV market, despite the fact that electric vehicles are currently expensive. Furthermore, the significant concentration of OEMs in the region encouraged market development.

KEY TAKEAWAYS

The UK electric vehicle battery housing market is estimated to grow at a CAGR of 28% over the forecast period.
The German electric car battery housing market is expected to hold 11.2% of the global market over the forecast period
During the projection period, the Chinese electric vehicle battery housing market is expected to expand at a CAGR of 26.4% through 2032.
Japan is expected to hold 1.1% of the global market over the forecast period.
The Indian electric vehicle battery housing market is expected to have the highest global market share, growing at a CAGR of 42.2%.
Over the projected period, the US electric vehicle battery housing market is expected to hold 9.3% of the global market.

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COMPETITIVE LANDSCAPE

Key players operating in the electric vehicle battery housing market are SGL Carbon, Novelis Inc., Nemak S.A.B. de C.V, Constellium SE, Gestamp Automocion, UACJ Corporation, GF Linamar LLC, Hanwha Advanced Materials, Minth, Continental Structural Plastics, Thyssenkrupp AG, TRB Lightweight, Hitachi Metals Ltd., POSCO, Norsk Hydro ASA and other major players.

These companies have used a variety of techniques to improve their market share for electric vehicle battery housing. To widen their client base and increase revenue, they have used both organic and inorganic growth techniques, such as new product launches, acquisitions, corporate expansions, and collaborations.

RECENT DEVELOPMENT

In October 2021, Novelis Inc. revealed the introduction of Generation II of its lightweight electric vehicle (EV) battery enclosure solution for the rapidly growing EV sector.

In January 2020, Nemak disclosed that it will provide battery housings for the Ford Mustang Mach-E, which will be produced in North America.

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Key Segmentation of the Electric Vehicle Battery Housing Market

By Material:

Metallic
Non-metallic

By Application:

Passenger Vehicle
Commercial Vehicle

By Cell Format Type:

Pouch Cell
Cylindrical Cell
Prismatic Cell

By Region:

North America
Latin America
Europe
East Asia
South Asia & ASEAN
Oceania

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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E-Rickshaw Market share anticipated to reach a valuation of US$ 27.5 Billion by 2032

As per the report published by FMI, the global e-rickshaw market share is projected to have a rapid-paced CAGR of 31.8% during the forecast period. The current valuation of the market is US$ 1.71 Billion in 2022. The market value of e-rickshaw is anticipated to reach a high of US$ 27.5 Billion by 2032.

E-rickshaws are widely acknowledged as a viable alternative to gasoline, diesel, and compressed natural gas auto rickshaws. It is anticipated while analysing the market in depth that growing end-user affordability, better daily earnings than cycle rickshaws, the attainment of cost-advantage over auto-rickshaws, and increased investment made by the manufacturers for the development and design of more affordable and efficient rickshaws are expected to boost and benefit the e-rickshaw market during the forecast period.

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According to the findings of Future Market Insights, the demand for electric rickshaws is on the rise as they are causing zero tailpipe emissions and are widely used for first/last-mile connectivity in cities across the country. These three-wheeled electric-powered vehicles are also helping in bridging the public transport service gaps for commuters. Therefore, e-rickshaws can be viewed as the best low-cost shared mode of public transport for last-mile connectivity in the country.

However, the cost of charging stations and the quality of EV batteries are considered the primary challenge in adopting e-rickshaws. These vehicles cannot be utilized while being charged due to their need to be connected to a single place. The experts of FMI have also revealed the fact that overcharging of EV batteries can cause severe issues to the vehicle like rusting of the grid, shortage of water in the battery, spoilage of battery material, and others, and is expected to pose a considerable threat to the expansion of the market.

FMI has analyzed that the government is likely to support the electrification of auto-rickshaws as a proactive policy toward sustainable mobility in urban areas. It has also been identified that adopting this mode of commute is likely to reduce the level of carbon emission and help keep the environment green. Hence, a consistent rise in sales of e-vehicles across the world is projected to boost the market further.

Key Takeaways from the E-rickshaw Market

The market share of organized manufacturers in the e-rickshaw market grew to 48.8% during the base year (2021).
The initial cost of electric variants is between US$ 811.6 and US$1,487.9, while that of an ICE-based autorickshaw is between US$2,029.05 and US$4,058.1.
Lithium-ion-based battery type upheld the largest share in the market, accounting for 51.9% in the year 2021.
The Asia Pacific region is likely to dominate the global e-rickshaw market. After India, China, and ASEAN nations account for the second and third largest e-rickshaw market shares in production and sales.

“Popularity of electric vehicles is increasing rapidly across the globe, owing to the decline of production costs of EV, increasing installation of charging infrastructure, and rising incentives by governments to reduce carbon emissions from vehicles” – Says an FMI Analyst

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Competition Landscape in the E-rickshaw Market

The electric rickshaw market is primarily dominated by a large number of small, unorganized local players, accounting for a major market share. However, established players in the market are introducing their new models and product launches to gain a competitive edge over other players.

Hhw Care Products Pvt. Ltd., Charuvikram Automobiles Pvt. Ltd., A G International Pvt. Ltd., Saera Electric Auto Pvt. Ltd., Gauri Auto India Pvt. Ltd., Yuva E Rickshaw, Xuzhou Hongsengmeng group Co., Ltd., Wuxi Weiyun Motor Co. Ltd. are some key players in the e-rickshaw market.

Key Segments for E-Rickshaw Market

By Vehicle Type:

Passenger carrier
Load carrier

By Battery capacity:

>101 Ah
<101 Ah

By Motor power:

Upto 1,000 W
1,000-1,500 W
More than 1,500 W

By End User:

Original equipment manufacturer
Aftermarket

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Recent Developments in the E-rickshaw Market:

In February 2021, Piaggiolaunched their first electric three-wheeler, Apé eCity, in the Indian market. A 4.5kWh better powers 5.4kW motor in the Apé eCity.

Piaggio Ape unveiled the Ape E-City electric rickshaw in India in December 2019. The firm is focusing on expanding its product line by powering the electric rickshaw with swappable battery technology.
In July 2019, Treasure Vase Ventures Pvt. Ltd., the parent company of SmartE, one of India’s major suppliers of electric mobility services, secured Rs. 100 crores in series B investment from Japan’s Mitsui & Co.

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Cargo Bike Market Share Registers a CAGR of 11.6% through 2031 | Report by Future Market Insights, Inc.

Future Market Insights (FMI) projects the cargo bike market share to grow at 11.6% CAGR during forecast period. The cargo bike market is set to reach US$ 2,829.5 Million by the end of 2031.

Key Takeaways from Cargo Bike Market Study

Three wheeled cargo bikes are anticipated to account for 423 Mn by the end of 2021, owing to courier delivery, personal transport, and warehouse transport applications.
US$ 3,501-6,000 price range segment sales accounted for US$ 414 Mn supported by availability of electric and conventional cargo bikes.
Germany leads the Europe market with a US$ 253.8 Mn sales figure in 2021 because of ease availability of raw material and government incentives.
The U.S. will hold around 92% of the North America market through 2031, supported by the presence of major logistics players in the country.
In 2021, the Brazil cargo bike market will rise at steady 6.1% CAGR, with investments into low cost logistics gaining ground in the country.

“The global rise in traffic congestion coupled with growing demand from the logistics sector, especially following the outbreak of the COVID-19 pandemic is expected to drive the market for cargo bikes, through the end of 2031” says a Future Market Insights analyst.

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With the rise of e-commerce operations, logistical flows are witnessing significant expansion, creating transport and time-sensitive operational challenges. Sustainable urban logistics development is becoming increasingly vital to keep up with quality-of-life parameters in urban centers, while solving two major problems—congestion and poor air quality. These factors are critical to sales of cargo bikes.

The usage of cargo bikes as a mode of transportation for urban freight flows has a favourable impact on these issues, compelling manufacturers to invest more in the manufacturing sector, thereby fuelling the demand for cargo bikes in the long term.

Increasing monetary and non-monetary incentives are encouraging the adoption of battery-operated cargo bikes. Moreover, the need for sustainable urban mobility and modern transportation is driving the transition from conventional fuel bikes to paddle assisted and battery assisted cargo bike for mode of transport.

FMI projects demand among courier and parcel services providers to rise at 11.8% over the assessment period. Focus on curbing carbon footprint by the industry will remain a chief growth driver. Cargo bikes are anticipated to have a positive influence on energy security and air quality.

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Competitive Landscape

The global cargo bike market is highly competitive at regional, country, as well as global level, and highly fragmented in nature. Top companies operating in the market contribute notably to revenue generation. With compliance to governmental standards and regulations, these companies have a global brand presence.

Some of the key players included in the report are:

Accell Group N.V. (Carqon), Jinhua Jobo Technology Co., Ltd., BODO Vehicle Group Co., Ltd. (LUXMEA), Chongqing Mobimax Technology Co., Ltd., Mobility Holdings, Ltd. (Tern Bicycles), Riese & Müller GmbH, Urban Arrow, Worksman Cycles, Yuba Electric Cargo Bikes, Rad Power Bikes Inc., and others.

Cargo Bike Market by Category

By Product Type:

Two Wheeled
Three Wheeled
Four Wheeled

By Propulsion:

Conventional
Electric

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By Price:

Below US$ 1,500
US$ 1,500-3,500
US$ 3,501-6000
Above US$ 6,000

By Wheel Size:

Below 20″
20″-24″
26″
27.5″
Others

By End Use:

Courier & Parcel Service Provider
Large Retail Supplier
Personal Transportation
Service Delivery
Waste, Municipal Services

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Hybrid Vehicles Market Share is projected to reach a valuation of US$ 1,362.3 Billion by 2032

The global hybrid vehicles market share is expected to create a lucrative growth opportunity over the estimation period from 2022 to 2032 by registering a CAGR of 21.6%. The market is anticipated to be valued at US$ 192.7 Billion in 2022 and is expected to reach a valuation of US$ 1,362.3 Billion by 2032.

According to the historical analysis ranging from 2015 to 2021, the hybrid vehicles market exhibited growth at a robust CAGR of 11.4% and is projected to accelerate during the current estimation period at a phenomenal CAGR of 21.6% throughout the forecast period. This surging year-on-year growth in 2022 is expected to bolster even further as governments from all over the world are rapidly taking initiatives to reduce carbon footprints in the transportation sector.

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The widespread adoption of luxury vehicles combined with the enforcement of severe emission-related regulations and high demand for electric vehicles are all contributing to the expansion of the hybrid vehicles market. The hybrid vehicle market is predicted to hold around 25% to 30% of the global electric vehicles market. The growing trend of plug-in hybrid vehicles is expected to push sales in the global hybrid vehicles market in the next decade.

Key Takeaways

The global hybrid vehicles market is witnessing fast-paced growth due to significant demand for electric mobility, increasing fuel prices, and stringent regulations framed by governments in various regions. Besides this, electric vehicles are known for their fuel efficiency and generate lesser noise than conventional vehicles. Owing to the attractive incentives and subsidies offered by government authorities in order to support sales of hybrid vehicles, their demand is expected to enhance during the forecast period.
Owing to the rising per capita income and disposable income across the globe, the demand for passenger cars and personal vehicles is surging with each passing day. With a surging fleet of automotive vehicles, the rate of carbon emissions is also on a rise. Due to surging fuel prices and rising awareness regarding global warming, the demand for substitute vehicles is growing at a rapid pace.
Hybrid vehicles are known to offer better fuel efficiency and have less carbon emission rates, and the demand for hybrid electric vehicles is surging across the globe. Several manufacturers are also paying more attention to the development and introduction of multiple models of hybrid vehicles in order to support the expansion of electro-mobility solutions.
A reasonable increase is witnessed in the sales of SUVs, luxury, and sports models. Customers are not just searching for performance, but they want their vehicles to be fully equipped with advanced technologies. Owing to the surging number of awareness campaigns held by government and private agencies in order to promote electric mobility, consumers all over the world are demanding electric vehicles.
Attributing the higher practical benefits of plug-in hybrid vehicles are responsible for their immense popularity, in comparison to hybrid and pure electric vehicles. Customers of this type of vehicle tend to suffer from low-range anxiety as the internal combustion engine acts as a backup power source when the batteries run out of charge. In addition to that, the batteries of these vehicles are able to be charged by both internal combustion engines and an external source with the help of a plug. Owing to these aforementioned factors, the demand for plug-in hybrid vehicles is increasing across the globe.

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Competitive Landscape

Over the last few years, there has been a surging number of acquisitions and growth strategies in order to increase the development & production of hybrid vehicles. Several major firms are meticulously working on innovations and new technological developments. Some of the growth strategies used by key firms include contracts & agreements, new product developments, and partnerships to strengthen their market positions.

Key Companies Profiled:

Tilley Inflatable Design & Engineering LTD, Ford Motor Company, General Motors Company, Honda Motor Co., Ltd., Daimler AG, Volkswagen AG, Renault SAS, Toyota Motor Corporation, Nissan Motor Corporation, Mitsubishi Motor Corporation, Hyundai Motor Company, Bayerische Motoren Werke AG (BMW).

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Key Segments Covered in Hybrid Vehicles Market Analysis

By Product Type:

Hybrid Vehicles
Plug-in Hybrid Vehicles

By Vehicle Type:

Passenger Car
LCV
HCV

By Engine Type:

Gasoline Electric
Diesel Electric

By Powertrain Configuration:

Parallel Hybrid
Series Hybrid
Power Split Hybrid

More Insights into the Hybrid Vehicles Market

The U.S. is expected to dominate the automotive market and incorporates high penetration of technologically advanced and high-cost products. The U.S. government is supporting growth in the hybrid vehicles market by investing in the construction sector since the adoption of electric vehicles increases the demand for charging infrastructure in a variety of settings, including homes, workplaces, and public places. As per FMI, the U.S. hybrid vehicles market is expected to surpass revenues worth US$ 36.5 Bn by the end of 2022.

The hybrid vehicle market in Japan is expected to be valued at about US$ 8,633.9 Mn in 2022. As per Japanese consumers, hybrid vehicles are known to be dependable, safe, and simple to use. They are also willing to pay a premium price as they believe these vehicles offer good value.

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United Kingdom Range Cookers Market is Projected to Grow at a CAGR of 4.3% in 2032 | FMI

The global range cookers market size is anticipated to reach a valuation of US$ 1.3 Billion in 2022 and further grow at 4.1% CAGR between 2022 and 2032. Sales of range cookers are projected to total a valuation of US$ 2.1 Billion by 2032.

Growing adoption across residential and commercial sectors is a key factor driving the demand for electric range cookers in the market and the trend is likely to continue during the forecast period. This product is a freestanding kitchen appliance that comprises a cooktop and an oven in one unit. Range cookers are available in various sizes and styles for both commercial and residential use.

A range cooker’s size is usually larger than that of a standard built-in or stand-alone oven. A number of more recent range hoods feature a built-in rack for trays and pots. New range hoods are available in a variety of monochrome and pastel colours, giving them a trendy appearance in contemporary kitchens.

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The global market for cookers will be driven by improving consumer purchasing power due to the growing economies and urbanization. In addition, the promotion of female entrepreneurship is predicted to boost the market during the forecast period.

Consumers want kitchen appliances that keep up with their fast-paced and demanding lives, while also permitting them to save time in the kitchen. Millennials frequently purchase range cookers for the sake of long-term culinary convenience. Range cookers are being increasingly used in business contexts such as take-out food delivery services and multi-cuisine restaurants.

Thus, rapid growth of restaurants, hotels, cafeterias, and several other commercial sectors will generate high demand for range cookers during the forecast period. Similarly, innovation in range cooker technology and design is expected to create lucrative opportunities for manufacturers during the forecast period.

Key Takeaways from the Range Cookers Market Study

By product type, the dual fuel range segment is expected to grow at the fastest CAGR of more than 4.0% during the forecast period
Based on application, the residential segment is expected to grow at a CAGR of 5.4% over the forecast period.
The U.S range cookers market is anticipated to touch a valuation of US$ 304.5 Million by 2032
China’s range cookers market is likely to cross US$ 443.0 Million by the end of 2032.
The U.K. range cookers market is projected to grow at a CAGR of 4.3% over the forecast period.

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“Growing popularity of modular kitchens across the world is expected to boost the range cookers market during the forecast period. Besides this, the introduction of robotic range cookers will further elevate demand in the market over the next ten years”, says a lead FMI analyst.

Who is Winning?

Product innovation and R&D are top priorities for major industry players as they work to provide products with a variety of oven and hob combinations. They are also adopting strategies such as partnerships, mergers, acquisitions, collaborations, and strengthening distribution channels to expand their global footprint.

Major players present in the Range Cookers market are GE Appliances; SAMSUNG; Premier; Monogram; LG Electronics; Frigidaire; THERMADOR; Dacor, Inc.; Whirlpool Electric, LG Electronics, Panasonic, Miele & Cie KG, Hisense, INC., Gree Electric Appliances Inc., Sony Corporation, and Skyworth among others.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global range cookers market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the range cookers market based on the product type (electric & dual range), burner type (single burner, double burner, three burner, four burner, more than 4), application (residential, commercial), and sales channel (hypermarkets/supermarkets, convenience stores, others) across seven major regions.

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Hair Dryer Market – North America is Expected to Hold a Major Share, Followed by the Asia Pacific | FMI

The global hair dryer market is anticipated to have a high-paced CAGR of 6.26% during the forecast period. The current valuation of the hair dryer market is US$ 10.20 Billion in 2023. The value of the hair dryer market is anticipated to reach a high of US$ 18.72 Billion by 2033.

As a result, the increasing number of professional hair salons, particularly in emerging markets, is expected to contribute to the growth of the hair dryer market share over the projected period.

The key aspects pushing the sales of blow dryer are the growing number of professional salons across the world. Furthermore, increased personal grooming awareness is also driving product demand. Major salon chains are investing in Asia Pacific’s growing regions to expand their consumer base, and several salons are settling for professional hair appliances, such as hair dryers.

Rapid consolidation between medium and big firms is anticipated, since the Chinese government has encouraged industry consolidation in order to control the sector and boost competitiveness in the global market. Energy-efficient and low-power consuming items are in high demand in the market owing to lower costs. Manufacturing of such devices is boosted further by government and energy industry initiatives. The demand for hair dryers is also increasing due to changes in lifestyle and exceedingly strenuous work schedules.

Different electrical hair care appliances, such as trimmers and shaving equipment, are revitalizing the customer experience in the personal hair care segment, resulting in a variety of potential for market players in the hair styling appliances landscape. Personal hair care products are popular across all age groups, regardless of gender, owing to their mobility and time efficiency.

The increased demand for hair dryers that are wired/corded has resulted in a greater emphasis on the development of technologies to ensure healthy, heat-resistant hair. Consumers are increasingly demanding goods that are simple to use, customized, and match their lifestyle needs. Many customers want technologically sophisticated items, which implies they want unique features that are significant and useful in their lives. All these factors are anticipated to surge product demand and expand the global hair dryer market size.

However, the prevalence of counterfeit products in the Asia-Pacific region, particularly in China and India, has restricted the growth of the hair dryer market. Furthermore, some of the most modern hair dryers are prohibitively expensive for the middle-class population. This may act as a major challenge for the market.

Key Takeaways:

During the forecast period, North America is expected to account for the largest share of the global hair dryer market. The market in this region is expected to rise owing to the presence of a sizable number of clients who are more conscious of personal hygiene and self-care. Moreover, the majority of American households choose to generate ‘professional-level blowouts’ at home rather than spend a lot at salons.
The hair dryer market in the Asia Pacific is predicted to develop rapidly, particularly in China and India, during the projected period. This is attributed to a big customer base and a rush of professional salons in both the countries. Moreover, key players have merged and collaborated to provide internationally recognized goods with cutting-edge technology to the countries.
Owing to their offer of superior ventilation and heat settings, the “corded” product type is expected to hold the greatest revenue, through the forecast period.
As the use of network access or Wi-Fi connectivity to purchase things grows in popularity, the “online” distribution channel type, accounts for a significant share and is the most preferred type.

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Competitive Landscape:

The global hair dryer market share is experiencing a transformational period as a result of technological breakthroughs and various innovations. The creativity that goes into the production of hair dryers is predicted to continue attracting clients, creating enormous chances for major suppliers to leverage on such expanding trends and launch fresh product lines. The following are the key players in the hair dryer market:

Beauty by Imagination Inc.
Conair Corp.
Koninklijke Philips NV
MacAndrews and Forbes Inc.
Orchids International
Panasonic Corp.
Skyline Home Appliances
Coty Inc.
Dyson Ltd.
Havells India Ltd.

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Recent Developments:

In August 2016, Dyson is planning to invest $400 million to develop at least 100 new products by 2020, nearly double what it now has on the market and equivalent to the number of products introduced since its founding. Dyson has its only lab for research named D9. The latest wonder from this lab is the Supersonic blow-dryer. And as spent $71 million on developing Supersonic blow dryer.
In September 2020, German personal care and lifestyle brand CARRERA launched a range of premium quality professional hair dryers: CARRERA hairdryer No. 531, 532, and 631. These hair dryers claim to give users a salon-like look from the comfort of their homes and prevent dryness or breakage.

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Demand for Dark Store Market Around the Globe is Expected to Grow at a CAGR of 38% between 2023 and 2033

According to Future Market Insights, the global dark store market size is likely to thrive at a robust CAGR of 38% during the forecast period. The market is anticipated to cross a market share of US$ 414.31 Billion by 2033, while it holds a value of US$ 16.54 Billion in 2023.

The new companies setting their feet as an extension of bigger online shopping brands are fueling the demand for dark stores. New and advanced delivery tracking systems make the process reliable, faster, and easier for the end user to get his package delivered.

The geriatric population and its idle lifestyle have led to higher online orders instead of store visits. Thus, ultimately fueling the adoption of the dark store concept. Apart from the concept not being new, the pandemic has fueled the demand for a storage space that can fulfill the storage, logistics, and management needs of an online grocery store.

Besides this, the higher adoption of the dark store is attributed to advantages such as quick and contact-free shopping, enhanced distribution and quicker delivery, wide audience, improved SKU management, and extended distribution channels.

Key Points

The US holds the biggest share of 35.8% market share in the global market, owing to the higher number of outlet stores and preference for online shopping options.
Europe holds a significant market share in the global dark store market attributed to its easy availability of the product coupled with the cost-friendly setup.
The rising urbanization and per capita income in Asia Pacific nations such as China and India have led to the higher adoption. Thus, the high demand for the Dark store is anticipated from the region during the forecast period.
By delivery category, the online delivery segment holds the biggest share due to ease and faster delivery.

Competitive Landscape

The competitors focus on making stores with better accessibility and availability. The brands proving n number of payment options, and delivery options while also providing the same day delivery options fuels the market competition.

Furthermore, the key players adopt the strategy of acquisition, merger, and other expansionist tricks to strengthen their supply chain. The key players in the market are: Amazon.com, Inc. Swiggy, Uber, Ola Foods, Supermarket Grocery Supplies Pvt Ltd., Walmart, Inc., Target Brands, Inc, Dunzo Daily, Instacart, Auchan, Wolt, Flipkart, and Grab.

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Dark store Market by Category

By Age Group, Dark Store Market is Segmented as:

Children
Adults
Elderly

By Category, Dark Store Market is Segmented as:

Groceries
Meat
Dairy

By Delivery Options, Dark Store Market is Segmented as:

Curbside Pickup
In-Store Pickup
Home Delivery

By Non-Food Products, Dark Store Market is Segmented as:

Cleaning
Essentials
Bath & Body

By Region, Dark store Market is Segmented as:

North America
Europe
East Asia
South Asia & Pacific
MEA

Recent Market Developments

June 2022: Naturepro has introduced same-day delivery across India along with the opening of ZFW dark stores. Both brands have partnered to promote sustainable and affordable products.
September 2022: Intacart has acquired Rosie to implement and use its technology in locally operated grocery spaces, expanding the customer base and distribution channels.
Amazon India has signed MOUs with the Council of Handicraft Development Corporation (COHANDS) to promote the products under the Karigar program, which is an initiative that supports the local craftsmen.

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Baby Oral Care Market – Asia Pacific is Projected to Lead the Global Baby Oral Care | Says FMI

During the forecast period, there will be a CAGR of 2.3% in the adoption of baby oral care. The baby oral care market size is anticipated to rise from US$ 1.31 Billion in 2023 to US$ 1.64 Billion in 2033.

The new born oral care sector will face considerable challenges due to the threat posed by counterfeit goods. These counterfeit products are poor or may jeopardise consumer safety and brand reputation. Early childhood caries are a major problem that affects the majority of people worldwide, with prevalence rates ranging from 60 to 90%, according to a World Health Organization (WHO) research.

It is anticipated that factors such as modern parenting, which is aided by greater access to childcare products and services, mass awareness campaigns run by top companies, and government programmers to enhance children’s health and well-being will fuel market growth in the end.

By creating innovative baby oral care products like bamboo toothbrushes and fruit-based, chemical-free toothpaste, top market players are also broadening their market reach and diversifying their product offerings.

The development of organised distribution channels, including supermarkets, hypermarkets, grocery stores, convenience stores, and department stores, is also offering manufacturers a lucrative opportunity for growth.

Key Takeaways from Market Study

With a revenue share of more than 30.0%, the toothpaste sector dominated the market in 2021. In the upcoming years, the prevalence of cavities, gum disease, and tooth decay will increase, driving up toothpaste consumption.
In 2021, the home segment’s revenue share was above 70.0% of the total market. In the long run, increased disposable income and spending on oral hygiene products will fuel market expansion. The home market makes the most use of oral care items.
With a revenue share of more than 35.0% in 2021, the hypermarkets and supermarkets category dominated the industry. These markets bring together a wide range of goods from various brands.
In 2021, Asia Pacific had a revenue share of about 35.0%, dominated the market. Long-term revenue growth will be highest in Asia Pacific due to its vast population and rising parental awareness of oral health, particularly in China and India.
Europe, Latin America, and the Middle East and Africa are expected to see moderate revenue growth, owing to increased awareness of innovative oral hygiene products among individuals in many of these regions.
Snazzy, a start-up in direct-to-consumer dental care, has secured $2.2 million in seed funding from YCombinator, Form Capital, Goodwater Capital, and ANIM Fund. Along with other investors, the round included Kunal Shah (founder of CRED), Bobby Goodlatte (angel investor at Stripe and Coinbase), Eric Idiahi (partner at Verod Capital), and others.

Competitive Landscape

There are many domestic and foreign competitors in the fiercely competitive baby oral care sector. To improve their market positions, the firms are implementing strategic techniques like joint ventures, mergers and acquisitions, and product innovation. To help children’s dental health and oral motor skills, Safe-O-Kid, one of India’s fastest-growing baby product brands, introduced innovative Oral Care and Sensory Kits in July 2022. Children up to the age of 12 can buy the product.

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Some of the Key Players Operating in Baby Oral Care Market Include:

Colgate-Palmolive Company
Johnson & Johnson
Church & Dwight Co. Inc.
Unilever
Proctor & Gamble
Pigeon Corporation
Anchor Group
Oriflame
Amway
Dr. Fresh
Chattem
Dabur
Splat Baby

Key Segments Covered in the Baby Oral Care Market Report

By Product:

Toothpaste
Toothbrush
Denture Products
Mouthwash
Others

By Application:

Home
Dentistry

By Distribution Channel:

Hypermarkets/Supermarkets
Specialty Stores
Online Retailers
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
Middle East & Africa (MEA)

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Cosmetic Pigments Market – European Industry Holds the Highest Revenue Potential | FMI

According to Future Market Insights, the cosmetic pigments market is anticipated to reach around US$ 24.24 Billion by 2033, with a CAGR of 6.45% from 2023 to 2033. The cosmetic pigments market size is anticipated to be US$ 12.98 Billion in 2023.

The demand for cosmetic pigments will significantly increase as a result of their widespread use. During the forecast period, the market for cosmetic pigments will continue to be driven by the increasing trend of men’s grooming.

The growth of grooming salons and consumer spending on cosmetics will favor the market for cosmetic pigments. The antiperspirants and pigments used in cosmetics have a high glitter and matte finish.

The cosmetic pigments collection includes white pigments that look natural, metallic shades, and shiny pigments. The product is used to improve the visual appeal of formulations in a variety of cosmetic products, including lipsticks and eye makeup. The growing fashion and entertainment industries will boost demand for cosmetic pigments, which will benefit the cosmetic pigments market.

Most recently, regional industrial expansion has advanced across the Middle East and the African continent, particularly in the development of manufacturing facilities. Economic and political instability in Latin America is additional problems that prevent the corporate growth of the cosmetic pigments market.

The changing lifestyle and increasing level of disposable income will cushion the market’s growth rate. As the GDP of emerging economies such as China and India rises, so does their standard of living. As a result of rising income levels and changing lifestyles brought about by urbanization, the demand for cosmetic pigments and personal care goods is skyrocketing.

Strict laws governing the usage of some pigments will slow the market’s expansion.

The usage of some pigments is subject to stringent regulations, which will slow the cosmetic pigment market expansion. Manufacturers of cosmetic pigments are expected to follow tight guidelines for cosmetics products. Labeling, packaging, and the ingredients used to make products are all subject to various restrictions.

The Demand for Organic Cosmetics will Rise, Creating New Business Prospects

Several hazardous compounds are still used as cosmetic components. When multiple cosmetic goods are worn at the same time, these chemicals may have an adverse effect on human health and increase the chance of health difficulties.

As a result of increased public interest and market shifts in the cosmetics industry, cosmetic pigment manufacturers are looking for more natural and sustainable cosmetic emulsifiers. Organic pigments that are environmentally friendly and produced using sustainable methods are in high demand.

Asia Pacific Outlook

Due to the increasing adoption of organic pigments in cosmetics and personal care products there, Asia-Pacific is predicted to grow during the forecast period. People want to purchase goods that will enhance their overall appearance as they become wealthier. They are buying more cosmetics, which accounts for the increasing demand for cosmetic pigments that has been shown as well as the rising sales of cosmetic pigments.

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Key Takeaways

In the forecast period, the cosmetic pigments market segment with the biggest revenue share based on elemental composition is inorganic pigments.
By application, the facial cosmetics category has dominated the market for cosmetic pigments in the forecast period.
The greatest market share for cosmetic pigments in the forecast period, according to geography, is in Europe.
The region of Europe generated 35% of the revenue share for cosmetic pigments in the forecast period.

Key Segments

By Elemental Composition:

Inorganic Pigments
Organic Pigments

By Application:

Facial Makeup
Eye Makeup
Lip Products
Nail Products
Hair Color Products
Special effect & Special Purpose Products
Others

By Type:

Special Effect Pigments
Surface Treated Pigments
Nano Pigments
Natural Colorants

By Geography:

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa (MEA)

Competitive Landscape

Some of the major players operating in the cosmetic pigments market BASF SE (US), Sun Chemical (US), Sensient Cosmetic Technologies (US), Merck KGaA (Germany), Altana (Germany), Sudarshan Chemical Industries Limited (Pune), ECKART (UK), Kobo Dynamic Website (US), Clariant (Switzerland), LANXESS (Germany), Venator Materials PLC (UK), GEOTECH (Netherlands, Elemental SRL (Romania), Kolortek Co., Ltd (China), Sandream Impact LLC (USA), VIBFAST PIGMENTS PVT. LTD. (India), ), Koel Colours Pvt. Ltd. (India), Yipin Pigments (US), NIHON KOKEN KOGYO CO.,LTD. (Tokyo), Ferro Corporation (US), Dayglo Color Corp (Ohio), Neelikon (Mumbai), Miyoshi Kasei, Inc. (Japan), among others.

Recent Development

To market satellite and optronic products with a scientific foundation to the global personal care market, leading chemical solutions provider BASF formed a strategic alliance with UK-based start-up siHealth Ltd in June 2019. The partnership should facilitate new technological developments in the personal care industry while accelerating BASF’s products.

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Custom Shoes Market – Leading players are Nike Inc., PUMA SE, Crockett & Jones, Italian Shoe Factory, VF Corporation

The Custom Shoes Market is estimated at USD 712 million in 2022 and is projected to reach USD 1454 million by 2032, at a CAGR of ~7.4% from 2022 to 2032.

The introduction of fresh fashion trends in global culture is driving the demand for personalised shoes. Different shoes are currently utilised for various purposes and occasions. Using running shoes for running or jogging, as well as numerous sport shoes for other activities such as tennis shoes, skating shoes, basketball shoes, etc. is the newest fad. The growing need for personalization for such purposes is driving the demand for bespoke shoes.

There is also the contemporary necessity for special event footwear to be properly tailored. The married pair is increasingly choosing for customized shoes based on their preferences during wedding celebrations. This is causing a surge in demand for the custom shoe market. However, high pricing and restricted customisation are limiting the industry’s expansion. In the next years, technological advancements may help us overcome this barrier.

Custom shoes are shoes that are manufactured to order. They may be created in any colour, style, or pattern desired by the purchaser. Custom shoes are crucial because they provide the wearer a distinct appearance and feel. Furthermore, because each pair of personalised shoes is unique, they frequently reflect the wearer’s individuality. The unique aspect is that each pair of custom shoes is produced specifically for the person who purchases them. Custom shoes may also be manufactured to fit any size, shape, or width of foot.

Key Takeaways from the Custom Shoes Market Study

E-commerce is expected to be the leading sales channel during the forecast period. As customer preferences shift, more individuals prefer internet retailing to traditional brick-and-mortar establishments. As a result, companies are expanding their online market presence. One of the primary aspects driving the growth of the online sales channel is the availability of a diverse assortment of custom shoes.
On a regional basis, from 2022 to 2032, Asia Pacific is expected to be the fastest-growing region. The increased popularity of athletic activities in emerging nations such as China, India, Thailand, and Indonesia, as well as the growing use of numerous styles of shoes for different situations, may all be related to the rise.
North America is one of the leaders and is projected to remain so in the next years. This is due to the United States’ superior technological capability for producing personalised shoes. The region’s desire for personalised shoes is also high due to the high level of enthusiasm among prospective customers and a well-established e-commerce network. The Asia Pacific region is also predicted to rise significantly. The cause for this is the growing youthful population’s thirst for the newest fashion trends, as well as the rapidly expanding disposable income of households.

“The demand for unique and personalized shoes is increasing in recent times while they players are taking sincere efforts to provide customization in their shoes. This balance between supply and demand will help the custom shoes market to grow at a rapid rate.” Says an FMI Analyst.

Impact of COVID-19 on the Market

The global pandemic caused difficulties in nearly every business sector. Manufacturing as well as supply and distribution were hampered by the rules and regulations imposed by the governments throughout the world. Now that the situation is getting back to normal, custom shoes market along with other markets is set to attain new levels as people are keen on going out and participating in different physical activities. This will increase the demand for custom shoes and is anticipated to help the growth of custom shoes market globally.

Who is winning?

Leading players operating in the Custom Shoes market are Nike Inc., PUMA SE, Crockett & Jones, Italian Shoe Factory, VF Corporation, Toesmith, Vans Inc., Alive Shoes, Edward Green Shoes, Costoso Italiano among others.

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Custom Shoes Market by Category

By Product Type, Custom Shoes Market is segmented as: