Exploring the Global Technical Textiles Market: Trends and Forecasts

As per Future Market Insights (FMI), the global demand of overall technical textiles market grew by 2.50% CAGR in 2016-2020. Overall market valuation is expected to reach US$ 183 Bn with total sales of 37,872.2 KT in 2021. Owing to increasing demand for technical textiles in agriculture and apparel industry, the market is forecast to grow at 4.6% CAGR between 2021 and 2031.

Technical textiles have emerged as ideal solutions to address the issues of soil erosion. They are cost-effective and offer long service life. Moreover, these textiles can be used in landfills and harbors to improve soil stabilization, thus, reducing soil erosion.

Demand for technical textiles will grow due to the increasing cases of soil erosions in mountainous region. According to data from European Union, more than 80% of all agricultural areas and natural grassland in European Union are expected to be affected by severe soil erosions in 2016.

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In European countries, manufacturers are required to follow stringent regulatory policies that specify which type of geotech textiles will be most suitable as per the characteristics of the soil of that specific region. These factors are expected to drive the sales of technical textiles in upcoming years.

Technical textiles are finding use in ocean sailing equipment and aviation components like zeppelins, balloons, and airplanes. High durability and toughness of these technical textiles make them an ideal material for manufacturing of customer protection products in automotive industries.

Innovation in technical textile materials such as development of phase chase materials and employment of chemical finishing and fiber spinning process for manufacturing composite technical textiles will further boost the market growth.

Incorporation of nano-fibers in manufacturing sector to fill up the micro-filtration performance loopholes will boost the industech textile market growth. Introduction of smart textiles in apparel industry and integration of wireless technology with textile fibers will positively influence the market growth in upcoming years.

Key Takeaways from FMI’s Technical Textiles Market Study

  • Thriving agriculture sector and extensive research and development activities intended to create electronic, conductive, antimicrobial and innovative textiles, will support U.S. in becoming global leader in technical textile market over the forecast period.
  • Europe technical textiles market is forecast to expand at 2.50% CAGR during the assessment period owing to presence of leading textile and clothing companies in the region along with development of advance medical textiles for minimal invasive surgery applications.
  • India technical textiles market will grow at a steady rate over the assessment period, growth can be attributed to rising incorporation of technical textiles in defense and military application along with adoption of agrotech textiles in agricultural activities in north-east provinces of India.
  • Japan and South Korea will hold more than 8% of the global market share in 2021, backed by flexible import and export duties on technology and increasing use of geotech textiles in erosion protection in the region.
  • Technical textiles market experienced year-on-year growth of 4.7% in 2021, driven by increasing demand of meditech textiles during pandemic and increasing sales of packtech textiles in food packaging due to increase in consumption of packaged food item.

Competitive Landscape

Future Market Insights reports that, Freudenberg & Co. KG, Milliken and Company, Arville, DuPont, and 3M are the leading players operating in technical textiles market and collectively account for more than 20% market share in 2021.

To survive in this highly competitive market, leading market players are focusing on strategic acquisition and collaboration along with expanding their production facilities in developing countries.

For instance, in 2020, Freudenberg & Co. KG acquired 100% shares of Low & Bonar PLC and Filc to extend its technical expertise in technical textiles and enter construction and automotive industries through laminated materials and needle punch nonwoven textiles offered by Filc.

In December 2020, Baltex launched sustainable, washable, and anti-viral face masks made from recycled plastics in an attempt to reduce the plastic pollution in the Ocean.

In March 2020, Milliken & Company announced to boost the manufacturing of its BioSmart fabric which is used in creating lab coats, scrubs and other healthcare products in response to COVID-19 pandemic. This fabric has anti-microbial shielding and made from bleach activated technology that eliminated more than 99.9% of germs.

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Key Segments Covered in Technical textiles Market Study:

Application:

  • Agrotech
  • Buildtech
  • Hometech
  • Indutech
  • Sportech
  • Packtech
  • Mobiltech
  • Meditech
  • Clothtech
  • Geotech
  • Protech
  • Oekotech

Process:

  • Nonwoven
  • Composites
  • Others

Region:

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

About Future Market Insights (FMI)

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.

Contact Us:

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Water Ionizers Market – VWA, Pure-Pro Water Corporation, AYANA WATER, EMCO TECH CO. LTD

The Water Ionizer Market is likely to hold the global market at a moderate CAGR of ~8.7% during the forecast period. The global market holds a forecasted revenue of ~US$ 2.46 Billion in 2022 and is likely to cross ~US$ 5.67 Billion by the end of 2032.

A water ionizer is an electronic device that increases the pH level of regular water to alkalinity. Water ionizers produce not only alkaline water fit for consumption of human but also acidic water as a by-product that fits as a cleanser and sanitizer. There is an increased demand for water ionizers in the market owing to the increasing awareness about the benefits of consumption of alkaline water. Re-mineralization is another significant factor that is boosting the water ionizers market. Water ionizers are available in tabletop, cabinet and wall-mounted type. However, most of the products available in the market are, and thus, it consumes the space of the counter in the kitchen. Manufacturers are now focusing on making wall mounted water ionizers that save the counter space and are compact enough.

Water ionizers manufacturers are using more number of plates in new water ionizers to get as low as possible oxidation-reduction potential (ORP). Moreover, water ionizers provide a wide range of pH scale. Two-stage internal infiltration technique, digitalization, new aesthetic designs are some of the product improvement in the available water ionizers in the market.

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Water Ionizers Market: Market Dynamics

According to scientific studies, alkaline water consumption hydrates body more effectively, can improve digestion and reduce indigestion, helps to fight oxidation process in the body by acting as an antioxidant, and soothes acid reflux by destroying pepsin. Thus, there is gaining popularity for water ionizers in the global market. One of the drawbacks with the water ionizers is that water ionizers do not work efficiently if the tap water is soft water and contains no minerals. A water ionizer cannot perform electrolysis for soft water or externally add minerals.

For externally mineralization process, water ionizers need to be combined with premium water filters that perform the electrolysis process. And the availability of such water filters with the ionizing technique is relatively less.

Water Ionizers Market: Regional Outlook

Water ionizers market has been dominated in the Asia region for more than 30 years. Specifically, East Asian countries like South Korea and Japan have a prominent market for water ionizers. These countries have testing and certifications for water ionizers to ensure the safety and reliability of the products. South Asia is also a significant region for water ionizer market.

Most of the Asian countries export the water ionizers to the western states. North America has potential growth for the market for water awareness owing to health awareness among consumers on alkaline water. The market in Europe and Oceania is estimated to have a gradual increase in water ionizers’ demand. The Middle East and Africa (MEA) and Latin America will be emerging markets for the water ionizers over the forecasted period.

Water Ionizers Market: Key Players

Some of the major players in the Water Ionizers market are Bawell Health Water LLC, Alkalux, Impart, VWA, AYANA WATER, EMCO TECH CO., LTD, Chanson Water Co., Ltd., AIR Water LIFE, Vollara, LLC., Life Ionizers, AlkaViva, LLC, KYK Co., Ltd., TyentUSA, Enagic, Pure-Pro Water Corporation, Aqua-Win Water Corporation, Dianapure International Co.,Ltd,  and among others. These markets players are anticipated to influence the water ionizers market positively.

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The research report presents a comprehensive assessment of the Water Ionizers market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for Water Ionizers market. The research report of Water Ionizers provides analysis and information according to market segments such as geographies, product type, nature, and application.

The Water Ionizers market report covers exhaustive analysis on:

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

The Water Ionizers regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
  • South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
  • East Asia (China, Japan, South Korea)

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About Future Market Insights, Inc.

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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Smart Shoes Market is Expected to Hold a value of US$ 269 Million in 2023

The smart shoes market is anticipated to thrive at a strong CAGR of 22.7% between 2023 and 2033. The market is likely to cross a market share of US$ 2.1 billion by 2033 while it is anticipated to be valued at US$ 269 million in 2023.

The steps towards a healthy lifestyle and higher technological adoption is the leading factor that fuels the sales of smart shoes globally. Furthermore, advanced technology such as AI and Bluetooth is penetrating the footwear market.

Smart shoes that track the health vitals along with sports activities such as total steps taken, the distance covered along with delivering the information related to the sports activities one indulges in.

Smart shoe properties are highly used for runners, gamers, and senior citizens while providing them with best quality soles, smart shoes also deliver the smartphone connectivity that enhances the tracking experience.

The higher penetration of internet trends and influencers promoting smart clothing and footwear is likely to push pressure on the footwear giants to experiment and implement while manufacturing in order to provide high-tech shoes.

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The increased awareness around the dynamic lifestyle that focuses high on cardio-based workouts are also fueling the demand for the smart shoes.

Key Points

1.      The China market leads globally in terms of market share and CAGR. It is likely to cross a value of 696.2 million by 2033. The regional market is expected to thrive at a CAGR of 35.7% between 2023 and 2033.

2.      The United States smart shoes market is another significant market. It thrives at a CAGR of 20.8% during the forecast period. The market is likely to reach a value of US$ 595.4 million by 2033.

3.      Step counting shoes are likely to thrive in the product category due to rising awareness around heart health. It is expected to thrive at a CAGR of 22.8% during the forecast period.

4.      The adult segment tops the end user tally with a CAGR of 20.1% between 2023 and 2033 as technological penetration and social media trends are highly effective on the adult population.

Competitive Landscape

The key players focus on manufacturing shoes that are durable and also technologically advanced. From Bluetooth to smartphone connection and sensory technology, vendors try to deliver every new technology to the end-user. The companies also merge, acquire, and partner with other companies to increase the supply chain and distribution channel. The key players in the market include Under Armour, Inc., Nike, Inc., Digitsole, Adidas Group, and PUMA SE, among others.

For instance:

–          Puma, under its technology platform Fit Intelligence (Fi) has produced an automated footwear that is self-lacing and is configured with cable system that enables the lacing controls through smartphone. The brand claims it design to be highly mobile while it also provides the smart training.

–          Nike with its Adapt series of smart shoes has launched the Nike adapt BB and HyperAdpt 1.0. It comes with the auto fitting feature that also supports wireless charging and self-lacing properties.

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Key Segments 

By Product Type:

  • Step Counting Shoes
  • Positioning Shoes
  • Navigation Shoes

By End User:

  • Adult
  • Children
  • Senior Citizen
  • People with Disabilities

By Sales Channel:

  • Modern Trade
  • Convenience Stores
  • Specialty Stores
  • Multi-Brand Stores
  • Online Retailers
  • Other Sales Channel

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • The Middle East & Africa (MEA)

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About Future Market Insights, Inc.

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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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Coffea Arabica (Coffee) Seed Oil Market is Growing Due to its has Prevailed Many Health-Related Issues Such as Skin Disorder

The global Coffea arabica (coffee) seed oil extract contains caffeine and chlorogenic acid that defends photo aging and inflammatory skin disorders and restores the moistures keeping the skin hydrated. Coffea Arabica (coffee) seed oil supports the skin’s structure for brighter and firmer youthful-looking skin.

Cold pressing green coffee beans extract Coffea arabica (coffee) seed oil. Coffea arabica (coffee) seed oil contains a high concentration of vitamin E, essential fatty acids, and sterols, which makes the oil a potent antioxidant. The antioxidant properties of the Coffea arabica (coffee) seed oil helps in the protection against skin damages such as DNA degradation and sunburn cell formation.

The changing lifestyle with urbanization and globalization has prevailed many health-related issues such as skin disorder, stress, depression, and others. The caffeine content in Coffea Arabica (coffee) seed oil helps in reducing the appearance of cellulite on the skin.

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It also reduces the appearances of fine lines, redness, and sunspots. The properties of chlorogenic acid in Coffea Arabica (coffee) seed oil reduces hyperpigmentation and thus acts as an anti-inflammatory. Coffea arabica (coffee) seed oil plays a crucial role in these health concerns, which fuels the Coffea arabica (coffee) seed oil market.

Strategic marketing strategies to target the focused audience is anticipated to have a positive impact on Coffea Arabica (coffee) seed oil market.

Coffea Arabica (Coffee) Seed Oil Market: Market Dynamics

The Coffea arabica (coffee) seed oil market is driven mainly because of its excellent source of antioxidant properties that helps in curing skin-related disorders, respiratory issues, and various others problems such as depression, nausea, fever, and several other similar matters. And, other benefits offered by Coffea arabica (coffee) seed oil anti-aging benefits and reduced inflammation.

The Coffea arabica (coffee) seed oil plays a vital role in aromatherapy and hence have a high demand from aromatherapy services and many aromatic products manufacturers. The multi-purpose use of Coffea arabica (coffee) seed oil is anticipated to offer a variety of skincare benefits potentially.

The increasing awareness among the population about the advantages of Coffea arabica (coffee) seed oil on the skin is fuelling the growth of the market. The increased disposable income of the people and the availability of products is anticipated to flourish the Coffea arabica (coffee) seed oil market in the forecasted years. Regional expansion and new products launch with Coffea arabica (coffee) seed oil as one of the vital ingredient is estimated to create numerous market opportunities for the manufacturers.

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Coffea Arabica (Coffee) Seed Oil Market: Regional Outlook

Geographically, Latin America has a high production of Coffea arabica (coffee) seed oils and accounts a prominent market share. A significant percentage of Coffea arabica (coffee) seed oil market is held by the Middle East and Africa (MEA) sourcing good quality of products.

Also, South Asia has many manufacturers with a growing customer base for Coffea arabica (coffee) seed oils. The Coffea arabica (coffee) seed oil market in North America is expected to grow due to changing lifestyle and awareness about the benefits of the oil.

Europe market for Coffea arabica (coffee) seed oil is anticipated to have a high demand owing to several manufacturers of fragrances. The Coffea arabica (coffee) seed oil market in East Asia and Oceania are estimated to grow due to growing personal care and cosmetics industry in these regions.

Coffea Arabica (Coffee) Seed Oil Market: Key Players

Some of the major players in the Coffea Arabica (Coffee) Seed Oil market Indenta Chemicals (India) Pvt. Ltd., H.Interdonati, Inc. & FlavorPlus Division, Ernesto Ventós, S.A., Hallstar, India Essential Oils, Natural Sourcing, LLC., Avi Naturals, Eden Botanicals, Sher-Ray Organic Cosmetics,  and among others.

The increasing awareness among the consumers for Coffea Arabica (coffee) seed oil because of its multi-functional use in health-related issues is anticipated to have a high demand for Coffea arabica (coffee) seed oil products from these manufacturers.

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

The report covers exhaustive analysis on

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

Regional analysis includes

  • Malaysia
  • Thailand
  • Vietnam
  • Philippines
  • Indonesia

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

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Coffea Arabica (Coffee) Seed Oil Market: Market Segmentation

The Coffea arabica (Coffee) seed oil market is segmented into product type, end use, packaging, and nature of the product, sales channel, and geography.

Based on product type, the Coffea arabica (coffee) seed oil market is segmented into:

  • Oils
  • Creams
  • Lotions
  • Fragrances
  • Others

Based on end use, the Coffea arabica (coffee) seed oil market is segmented into:

  • Aromatherapy
  • Cosmetics and personal care
  • Food
  • Others

Based on packaging, the Coffea arabica (coffee) seed oil market is segmented into:

  • 0 – 4 oz
  • 5 – 8 oz
  • 9 – 16 oz
  • 1 kg

Based on nature of the product, the Coffea arabica (coffee) seed oil market is segmented into:

  • Conventional
  • Organic

Based on sales channel, the Coffea arabica (coffee) seed oil market is segmented into:

  • Direct
  • Indirect
  • E-commerce
  • Independent Stores
  • Hypermarket/Supermarket
  • Specialty Stores
  • Others

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About Future Market Insights, Inc.

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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Gemstone Market Sector Goes Digital: Online Sales Skyrocket; The Gemstone Industry is Anticipated to Develop at 5.6% CAGR Through 2033

According to Future Market Insights (FMI) recently released research, the gemstone market is expected to reach US$ 55.96 billion by 2033 from an estimated 32.38 billion in 2023. From 2023 to 2033, the market is projected to expand at a CAGR of 5.6%.

The market is expanding as a result of the rising demand for jewelry, crystals, and accessories. The growing disposable incomes of consumers and rising standards of life provide additional assistance in this scenario. Furthermore, the increasing acceptability of synthetic gemstones due to their affordability and the increase in demand for colored gemstones both influence the market expansion.

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The Gen Z and Gen Y populations are among the top target sections for the gemstone industry. Diamond is predicted to have the most growth potential of all the gemstones in the global gemstones market due to the growing demand for diamond jewelry among millennial consumers. As the cost of the processes needed to treat and create artificial diamonds is considerably less than that of real diamonds, artificial or lab-grown diamonds also demonstrate cost-effectiveness.

The increasing consumer demand for synthetic and lab-grown diamonds is likely to contribute to the steady expansion of the global gemstones market throughout the forecast period. The integration of gems in jewelry goods is also among the key factors anticipated to propel the expansion of the gemstones market during the forecast period.

Given the enormous sales of diamond jewelry in the United States, North America is the leading region in the gemstone market. The industry is expanding dramatically as a result of the rise in demand for premium gemstones and other rare and distinctive stones. This expansion is related to an increase in consumer expenditure per person on premium ornamental products.

KEY TAKEAWAYS

  • The market in the United States accounted for 84.1% share in North America.
  • In 2022, Japan held a 35.3% market share in Asia Pacific.
  • India seized 31.6% of the Asia Pacific gemstone market.
  • China held 28.4% of the market in Asia Pacific
  • Germany accounted for 15.2% of the Europe gemstone market in 2022.

Competitive Landscape

Key players in the gemstone market are Gemfields Group Ltd., Petra Diamonds Limited, Rockwell Diamonds Inc., Gem Diamonds Limited, Swarovski Group, DebswanaDiamond Company (Pty) Limited, Fura Gems Inc., Dominion Diamond Corporation, Mountain Province Diamonds Inc., Stornoway Diamond Corporation, Arctic Star Exploration Corp., Merlin Diamonds Limited, Pala International Inc., Greenland Ruby, and Others.

These players are involved in various activities, such as exploration, extraction, processing, cutting, and polishing of gemstones. They also engage in designing and marketing jewelry products to consumers as well as investing in research and development to improve the quality and efficiency of gemstone production. They also participate in industry organizations to collaborate on sustainability, transparency, and ethical practices.

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Gemstone Market by Category

By Product Type:

  • Diamond
  • Emerald
  • Ruby
  • Sapphire
  • Alexandrite
  • Topaz
  • Others

By End User:

  • Jewellery & Ornaments
    • Bangles
    • Necklaces
    • Pendants
    • Earrings
    • Rings
    • Anklets
    • Brooches
  • Luxury Art

By Product Format:

  • Natural
  • Synthetic

By Region:

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

RECENT DEVELOPMENTS

  • In November 2022, The House of Meraki x Gemfields J’aime collection was published soon after Gemfields confirmed their partnership with the House of Meraki. Exquisite items from the J’aime line are built exclusively of emeralds from the Kagem mine in Zambia.
  • In October 2022, through a new partnership with Tracemark and FACET, Greenland Ruby advanced the cause of a sustainable and accountable industry. By introducing a special selection of jewelry items that are only available from the top upscale jewelers in Europe, they teamed up on the path to sustainability.

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About Future Market Insights, Inc.

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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Electric Boats Market Future Scenario, Key Insights, Top Companies by the year 2032

Research from Future Market Insights predicts that the global electric boats market will expand at a CAGR of 12.9% over the forecasted time period. The market for electric boats is expected to grow from US$ 5.65 billion in 2022 to US$ 19 billion by 2032.

The go-green initiative has catapulted the business models of multiple industries globally and the boating industry is no exception. With traditional gasoline and diesel powered boats significantly increasing pollution levels, the need for alternate sources of energy to propel boats has pushed manufacturers to introduce eco-friendly boats in the global market. Hybrid boats powered by solar energy are fast emerging as an attractive alternative to conventional boats owing to the zero emission factor.

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Further, installation of solar panels in boats reduces the weight of the boats considerably, and offers an added advantage of noise reduction. This makes solar powered boats perfect for recreational activities. Manufacturers are innovating to design solar hybrids with increased passenger capacity in keeping with the rising market demand.

Earlier, propulsion systems in boats were powered by lead acid batteries. The use of lead acid batteries in electric boats comes with several disadvantages including added bulk and low battery cycle time. The latest trend is the adoption of lithium ion batteries for power generation in boats. Lithium ion batteries with phosphate technology are the newest trend in the global market. Besides a huge life of 10 times more than lead acid batteries, lithium ion batteries are lightweight, charge faster, have low toxicity levels, and require relatively low maintenance. These batteries can be disposed of in an environmentally friendly manner as compared to lead acid batteries. These properties have shifted boat manufacturers’ preferences towards lithium ion batteries.

Increase in sales revenue of electric boats can be attributed to the following key factors:

  • Boost in the global recreational boating industry leading to high demand for boats
  • Focus on development of lightweight boats fuelled by electric power
  • Adoption of small size boats for purposes of maritime security
  • Focus on the reduction of emissions and awareness of the need to reduce environmental pollution

North America Undisputed Leader in the Global Market; Western Europe to Stay Second in Line

Needless to say, North America projects the highest demand and adoption of electric boats, given the thrust on boating as a leisure activity among the American population. Western Europe is the second biggest market in terms of sales of electric boats, again given the increasing preference for recreational boating activities in the region. Markets in the Middle East & Africa and India are yet to be fully tapped and are currently witnessing relatively moderate growth in terms of both demand and sales of electric boats.

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Key Players

Among the major international and domestic manufacturers profiled in the report are FRAUSCHER BOOTSWERFT GmbH & Co KG, Duffy Electric Boat Company, RAND Boats ApS, Echandia, Lillebror Marine, Vision Marine Technologies, Quadrofoil d.o.o., NAVAL DC B.V., LTSMARINE., Symphony Boat Company, and Ruban Bleu.

Electric Boats Market by Category

By Type:

  • Pure Electric
  • Hybrid

By Boat Type:

  • Small Size
  • Medium Size
  • Large Size

By Battery Type:

  • Lead Acid
  • Lithium Ion
  • Nickel based batteries

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By Power Output:

  • Below 5KW
  • Between 5KE to 30KW
  • Above 30KW

By Region:

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

Recommendations for Key Players

Vendors in the global electric boats market need to focus on introducing newer hybrid models that can propel on diesel / petrol as well as electric systems in keeping with the surge in consumer demand. Focussing on certain key markets in developing economies can prove to be beneficial in the long run, given that the populace in these regions is growing financially and is looking for more water based recreational activities. Boating as a leisure activity is fast gaining traction and manufacturers would do well to expand their distribution network in fast growing economies of the SEA & Pacific and countries such as China.

About Future Market Insights (FMI) 

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.

Contact:

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Electric Kick Scooter Market share to expand at a CAGR of 11.7% by the year 2033

The global electric kick scooter market share is projected to grow at a CAGR of 11.7% during the forecast period. The sales of electric kick scooters are anticipated to surpass US$ 2.7 Billion in 2023. The value of the electric kick scooter market is anticipated to reach a high of US$ 8.2 Billion by the year 2033.

A key aspect surging the sales of electric kick scooters is the growing carbon emissions from fuel-powered automobiles that have been a major source of concern for governments around the globe. Electric transportation choices such as electric scooters are likely to grow more popular as regulatory authorities focus on smart city development, but at a slower rate than passenger vehicles/buses. These scooters are ultra-quiet, which makes them a great alternative for towns looking for answers to the mounting issue of noise pollution.

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While customers in Latin America, the Middle East, Africa, and Asia Pacific regard electric kick scooters as a mode of short-distance transportation, consumers in North America and Europe see them as a lifestyle choice.

To keep consumers, vendors emphasize features such as longevity, low maintenance costs, and performance. As a result, suppliers concentrate on developing technologically superior cars that consider design/style, range, and speed parameters. OEMs are likely to be able to extend their income stream and geographical footprint as governments throughout the world invest in charging infrastructure and give customer incentives.

Owing to their compact size and simplicity of transportation, electric kick scooters are in high demand globally. As a result, rising traffic congestion throughout the world is increasing market demand for electric scooter-sharing services. As of February 2021, the Irish Minister of Transport, Eamon Ryan, has legalized the use of electric kick scooters on public roadways in Ireland without the requirement of a tax, insurance, or a driver’s license.

Furthermore, governments throughout the world are offering tax breaks and incentives to encourage the use of electric kick scooters and ecologically friendly autos. For instance, the Indian government announced in June 2019 a plan to decrease the goods and services tax (GST) on electric cars from 12 to 5% to stimulate faster adoption.

However, one of the issues likely to hinder the growth of the electric scooter-sharing industry is the demand for batteries with extended range, rapid charging, and long lifespan. Improvements in riding range can be made feasible by introducing advancements in battery technology, which is anticipated to raise the production cost of electric motors, providing a hurdle to their acceptance.

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Key Takeaways from the Electric Kick Scooter Market:

  • During the forecast period, the U.S. is estimated to account for a significant share of the global electric kick scooter market. This is attributed to the high demand for electric kick scooters amongst American consumers which are engineered to be the most durable and powerful form of mobility.
  • During the forecast period, the Asia Pacific electric kick scooter market is expected to have the highest share, led by China and Japan. This is owing to the regional players representing a culmination of continual product development and user experience and providing stylish, practical, and economical transportation. These scooters are therefore available in a range of body shapes, sizes, and colors to accommodate every rider.
  • Owing to its ability to minimize pollution and transportation congestion, along with its portability, the “two-wheeled” product type is expected to hold the greatest revenue, through the forecast period.
  • As it does not need to be serviced frequently and has a charging capability of up to 70W with a short charging time, the “lithium-ion” battery type, accounts for a significant share and is the most lucrative segment for key players.

Who is Winning?

Owing to the existence of both international and local players, the global electric Kick scooter market is fragmented. Many manufacturers hold a significant market share in their respective areas. Organic advances, such as product approvals and novel electric kick scooter services, are typically extensively embraced by large organizations. These factors are expected to increase the global electric kick scooter market size.

Key Players:

Micro Mobility Systems AG, Golabs Inc., Bird Rides Inc., Segway Inc., IconBIT Limited, GOVECS AG, Razor LLC, Xiaomi Corporation, YADEA Technology Group Co. Ltd., AKTIVO Scooter, VOI Technology, Spin, SWAGTRON, Niu International

Recent Developments:

  • In June 2019, Bird Rides Inc. purchased Scoot to provide users with technologically upgraded cars and expand its service to additional cities.
  • In February 2020, TIER Mobility, a German supplier of micro-mobility solutions, bought 5,000 electric mopeds and charging infrastructure from Coup Mobility to enter the European e-moped sharing market.

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Key Segments Profiled in the Electric Kick Scooter Market Survey

By Product Type:

  • Two Wheeled
  • Three Wheeled

By Battery Type:

  • Lead-Based
  • Nickel Based
  • Lithium Ion

By Price Range:

  • Below US$ 200
  • US$ 200 – 375
  • US$ 375.1 – 750
  • US$ 750.1 – 1,100
  • Above US$ 1,100

By Wheel Size:

  • <8’’
  • 8 – 8.5’’
  • 9 – 9.5’’
  • 10 – 10.5’’
  • >11’’

By End Use:

  • Personal
  • Rental/ Sharing
  • Law Enforcement

By Region:

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

About Future Market Insights (FMI) 

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.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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Two Wheeler Accessories Aftermarket Demand is Anticipated to Register 8.6% CAGR through 2032

During the forecast period 2022 to 2032, the two wheeler accessories aftermarket demand is expected to grow at a value of 8.6% CAGR, according to Future Market Insights. By the year 2032, the global market for two wheeler accessories is expected to rise up to a market valuation of US$ 41.07 Billion.

It’s difficult to imagine life without motorbikes these days, and nearly every household owns at least one. The increased interest in motorcycles and motorbikes has surely created a safe haven for the car sector while also benefiting the two wheeler accessories aftermarket. Since simply owning a bike isn’t enough; they require flawless administration, including the removal of faulty parts, interest in bike frills has developed.

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The semi-urban population’s preference for automobiles and technology has altered as their purchasing power has expanded. As a result, there are now more two-wheelers than ever in rural and semi-urban regions of both developed and developing countries. In the next few years, the global market for two-wheeler accessories is predicted to grow steadily. During the projection period, this will have a direct beneficial influence on the worldwide two-wheeler accessories aftermarket.

The availability of two-wheeler accessories on different e-commerce platforms, as well as the creation of novel attachments with greater durability, are projected to boost market sales. These websites offer a diverse selection of products, allowing consumers to compare and select the best bike parts and accessories. Such breakthroughs are expected to occur over the forecast period.

India and China are the top two significant lucrative regions of this market. India is a significant market for two-wheelers. TVS Motors, Yamaha, and Hero Motocorp are among the biggest motorcycle manufacturers in India. As a result, the country’s market is expanding faster. OEMs are working on extending their two-wheeler accessory product line. Electric two-wheeler sales are expanding in China as a more environmentally friendly mode of transportation. Rising urbanization, low affordability, and a rising population may all contribute to the growth of the aftermarket for two-wheeler accessories.

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Key Takeaways from the Market Study

  • In 2022, the global two wheeler accessories aftermarket is estimated to have a global market size of US$ 8 Bn.
  • In 2022, the protective gear category by product type is expected to occupy a 65% market share.
  • By two-wheeler type, the standard motorbike is projected to hold a global market share of 36% in 2022.
  • By 2032, India is expected to account for more than half of all sales in the Pacific and South Asia.
  • During the period 2022-2032, the Chinese region is predicted to develop significantly at a CAGR of 9.6%.
  • Between 2022 and 2032, the Japanese aftermarket for two-wheeler accessories is predicted to expand by around US$1.3 billion.

“The growing number of motorcycle and cycle riding enthusiasts, together with increased awareness of road safety in various nations throughout the world, is expected to boost the market from 2022 to 2032.” comments a Future Market Insights analyst.

Competitive Landscape

AGV Sports Group, TVS Motor Company, Yamaha Motor Company Ltd., Hero Motocorp Ltd., Harley Davidson, Vega Auto Accessories Ltd., Studds Accessories Ltd., OM Steel Industries, Osram Licht AG, Steelbird Hi-Tech India Pvt. Ltd., YF Protector Co. LtdAlpinestars USA Inc. and AltRider LLC are some of the prominent companies within this market.

  • In 2021, Hero Motocorp will establish three new facilities in India’s Dharuhera, Gurugram, and Haridwar to increase production capacity. These factories will focus on serving global business (GB) markets across the world in addition to producing for the Indian domestic market.
  • In 2021, Yamaha Motor Company, Honda, Piaggio & C SpA, and KTM AG signed a memorandum of intent to form a partnership to develop swappable batteries for motorcycles and light electric vehicles. The mission of the Consortium is to provide standardized technical standards for the swappable battery system for L-category vehicles such as motorcycles, mopeds, tricycles, and quadricycles.

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Key Segments Covered in The Two Wheeler Accessories Aftermarket Report

Two Wheeler Accessories Aftermarket by Product:

  • Handle Accessories
    • Handlebars
    • Grips
  • Electrical & Electronics
    • Lightings
    • Horns
  • Frames & Fittings
    • Crash Protection
    • Windshield
    • Foot Pegs
  • Protective Gear
    • Helmets
    • Professional Body Wear
  • Bags & Carriage Frames
  • Exhaust Accessories
  • Seat Covers
  • Security Systems

Two Wheeler Accessories Aftermarket by Two wheeler type:

  • Standard Motorcycle
  • Cruiser Motorcycle
  • Sports Motorcycle
  • Standard Scooter
  • Maxi Scooter
  • Mopeds

Two Wheeler Accessories Aftermarket by Sales Channel:

  • Online Two Wheeler Accessories Aftermarket
  • Authorized Outlets Two Wheeler Accessories Aftermarket
  • Independent Outlets Two Wheeler Accessories Aftermarket

About Future Market Insights (FMI) 

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.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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Hydrogen Trucks Market Size to Surge at over 41% CAGR in Next 10 Years, Mentions Future Market Insights, Inc.

According to FMI reports, the global hydrogen truck market size is expected to grow by nearly US$ 3.84 Billion by 2023. This is with a substantial and impressive CAGR of 41% expected over the forecast period, which is projected to reach over US$ 119.18 Billion by the year 2033.

Each of these factors is anticipated to have a sizable impact on the market for hydrogen trucks throughout the projected period. This is due to the fact that hydrogen trucks can completely remove all carbon dioxide and other dangerous pollutants from the atmosphere, helping to preserve the environment.

The global market is impacted by a number of variables, including environmental concerns, government initiatives for hydrogen fuel cell infrastructure, a large initial investment in infrastructure, technological breakthroughs, and future possibilities.

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The popularity of hydrogen trucks may rise as people become more aware of the negative impacts of traffic congestion, air pollution, and greenhouse gas emissions. This is because they are more environmentally friendly than other types of conventional vehicles.

Key Takeaways from the Hydrogen Trucks Market Study

  • North America dominates the market for hydrogen trucks.
  • The hydrogen trucks are expected to increase at a notable CAGR of 41%.
  • Asia Pacific region is expected to grow at the fastest rate with an increased revenue share.
  • Hydrogen fuel cell forklifts have become more popular as people increase awareness regarding environmental issues, government initiatives, and increasing concern about cost-effectiveness.

Competitive Landscape for the Hydrogen Trucks Market

Various producers and service providers occupy considerable shares of the global market, including Anglo American Platinum Ltd. and Ares Motor Works. The companies have been successful in acquiring new and long-term contracts from different countries over the years.

Cellcentric GmbH & Co. KG, Dongfeng Motor Corporation, Esoro AG, Beiqi Foton Motor, Cummins Inc., H2X Global, Hyundai Motor Company, Hyzon Motors, Jaguar Land Rover Automotive, Kenworth Trucks, Paccar, Nikola Corporation and others, the market is growing and establishing a strong global presence.

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Recent Developments in the Hydrogen Trucks Market

  • Together, Hyzon and ORTEN’s complementary product lines, as well as ORTEN’s body and powertrain kits, offer customers a complete solution for making their fleets zero-emission. Moreover, ORTEN’s management maintains extensive and permanent contact with customers throughout Germany.
  • An investment of $2.3 million will be made in the Alberta Zero-Emissions Truck Electrification Collaboration (AZTEC) project by the Jr. Minister of natural resources, Seamus O Regan.  A consortium of project partners, including the Hydrogen Technology and Energy Corporation, Bison Transport, and Canadian Energy Systems Analysis Research, led this project.

Hydrogen Trucks Market by Category

By Product, the Hydrogen Trucks Market is Segmented as:

  • Heavy Duty trucks
  • Medium Duty Trucks
  • Small Duty Trucks

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By Application, the Hydrogen Trucks Market is Segmented as:

  • Logistics
  • Municipal

By Range, the Hydrogen Trucks Market is Segmented as:

  • Above 400 Km
  • Below 400 Km

By Region, the Hydrogen Trucks Market is Segmented as:

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

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified 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.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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Lip Powder Market is Anticipated to Reach US$ 592.1 Million by 2027 | Report by FMI

The lip powder market is estimated at US$ 439.7 Million in 2022 and is projected to reach US$ 592.1 Million by 2027, at a CAGR of 6.1% from 2022 to 2027. The share of the lip powder market in its parent market (cosmetics market) is close to ~0.5%-2%.

The global Lip Powder Market revenue is poised to see an impressive growth outlook over next eight years. According to a market report published by Future Market Insights, titled ‘Lip Powder Market: Global Industry Analysis and Opportunity Assessment 2022-2027,’ lip powder products sales will account for a healthy CAGR of just-under 6% during the forecast period (2022-2027). APEJ (Asia Pacific excluding Japan) will continue to hold the highest revenue share in the lip powder market, says the report.

Potential Superiority over Lipsticks & Other Conventional Lip Products Accounts for Billowing Sales of Lip Powder

The lip powder market is yet to reach its peak of growth and currently reflects a high growth potential in the beauty and personal care products industry, as indicated in FMI’s study. Lip powder is considered the latest trend or evolution in lipsticks that offers several advantages over conventional lipsticks, which is among the key factors driving popularity of lip powder.

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Globally, the lip powder market is gaining traction due to the advantages of lip powder over conventional lipsticks. Lip powders are infused with hydrating oils and Vitamin E, which provide a smooth and long-lasting finish. One of the unique features of lip powder is the combination of matte and shimmer, which is hard to achieve with conventional lip products.

Unlike conventionally used lipsticks, lip powder gets absorbed into the lips and provide them with a smooth texture with long-lasting color and vibrant look. Introduction of innovative beauty products continues to encourage a large number of people to experiment with choices of products as well as brands, and lip powder marks one of the recent hottest trends in the beauty and cosmetic industry.

Product Innovations – Key to Success in Lip Powder Market

Currently, lip powders are available in the market in two forms – viz. palettes and pen. Both these forms are different by nature and by methods of application. Lip powder palettes that currently account for more than 55% of total sales will remain the strongest selling product category, according to FMI. The report attributes dominance of lip powder palettes over lip powder pens to higher convenience associated with the former.

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Rapid product innovations and the ever-evolving retail landscape are likely to be the key factors associated with strengthening of distribution channels, for leading players active in lip powder market.

However, lip powders have certain limitations, which are likely to restrain the growth of the market. These limitations include the perception or fear of exposing any flaws in the lip texture. Several consumers also doubt applicability of lip powder on a daily basis and find it gaudy over routine lipsticks. In addition, lip powder is yet to completely enter the comfort zone of a majority of women’s cosmetic regime, which will remain a challenge to rapid growth of the lip powder market.

Key Players in the Lip Powder Market Profiled in Report

Deep-dive analysis of strategic profiles of key companies operating in the lip powder market are covered in the global lip powder market report, in a bid to help participants understand and evaluate their key products offerings, strategies, and recent developments.

Some of the key participants profiled in the global lip powder market report include Maybelline LLC, Urban Decay Cosmetics, BUXOM Cosmetics, Clinique Laboratories LLC, CLE COSMETICS, Lique Cosmetics Company, Revlon, Inc., Cult Beauty Company, CHANEL Company, Essence Cosmetics Company, Sephora USA, Inc., Huda Beauty Company, L’Oréal S.A., NYX PROFESSIONAL MAKEUP, and Christian Dior SE.

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About Future Market Insights, Inc.

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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com