Market Research Blog – Page 7000 – New Product Development

Warehouse Racking Market Size is Estimated to top US$ 7.1 Bn in 2022 | FMI

The global warehouse racking market is projected to top US$ 7.1 Bn in 2022. With sales growing at 3.7% CAGR, the market valuation will reach US$ 10.3 Bn in 2032.

According to FMI, demand for warehouse racking in the United Kingdom is expected to grow at a CAGR of 4.1 percent over the forecast year.

In the automotive industry, warehouse racking systems are utilised to store various automotive spare parts and automobiles. Increased sales of automobiles in the United Kingdom are forcing manufacturers to use industrial shelving systems to maximise storage space. The UK market is expected to grow at a rapid rate in the next years as a result of these reasons.

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Different solutions are being presented as technology advances to make operations easier. With cutting-edge approaches and effective solutions, smart storage ideas are gaining traction. With the correct kind of training in automated solutions, a warehouse management system may be considerably more effective, empowering employees to be more productive even when working at a high intensity.

Another important issue is upgrading, updating, or relocating storage systems to meet changing business needs. This is encouraging manufacturers to use racking solutions including drive-in pallet racks and structural selected pallet racks, which will help the industry grow.

“The market is likely to be driven by an increasing demand for quick product accessibility, maximum space utilisation, product and worker safety, convenient workability, and overall performance enhancement.” In addition, the availability of both manual and automatic rack servicing is projected to improve sales in the next years,” the FMI analyst predicts.

Key Takeaways:

Based on the product type, sales in the drive-in pallet market are projected to grow at a 3.1% CAGR over the forecast period.
In terms of application, demand in the retail segment will rise at a 2% CAGR through 2032.
Sales in the U.S. warehouse racking market will increase at a 2.2% CAGR, dominating the North America market.
Rapid expansion of the ecommerce sector will drive the India warehouse racking market at a 6.7% CAGR through 2032.
The U.K. will emerge as a lucrative market, with sales growing at a 4.1% CAGR over the assessment period.

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Global Warehouse Racking Market by Category

Product Type:

Roll Formed Selective Pallet Rack
Structural Selective Pallet Rack
Push Back Pallet Rack
Drive In Pallet Rack

Application:

Automotive
Food & Beverage
Retail
Packaging
Manufacturing

Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Motorcycle Helmet Market to Achieve A High CAGR Of 7.1% During Forecast Period -2032

The global motorcycle helmet market size is expected to surpass an impressive valuation of USD 2.70 billion in 2022. It is anticipated to reach a market valuation of USD 5.3 billion by the end of the forecast period while exhibiting a CAGR of 7.1 % from 2023 to 2033.

Rising awareness regarding road safety is expected to drive product demand. Moreover, an increasing number of motorbike and sports bike enthusiasts coupled with rising concerns regarding road traffic injuries across the globe is expected to drive the adoption of two-wheeler helmets during the forecast period.

Road traffic accidents have become a great challenge for public authorities in terms of efforts and finding sustainable solutions for effective prevention. As per the report published by the United Nations Motorcycle Helmet Study, between 2008 and 2020, more than 3.3 million people died due to motorcycle accidents, of which about 1.4 million of these lives could be saved by making proper use of helmets.

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Technological advancements have aided market operators to launch smart helmets into the global market. Smart helmets have advanced features to help riders ride easily and efficiently by avoiding road accidents.

Some of the smart helmet’s features include GPS connectivity, voice assistance, tracking systems, cameras, Bluetooth, and Wi-Fi connectivity. Smartphones can be connected to smart helmets. This helps riders make, receive, and reject calls. Smart helmets can also help to reduce head injuries in traffic accidents. Hence, the launch of a multifunctional smart motorcycle helmet is expected to provide lucrative growth opportunities for the market.

Key Takeaways-

By end-user, Rider motorcycle helmet is dominating the market in the forecast period.
Full face segment is leading the motorcycle helmet market during the forecast period.
With a CAGR of 8.1%, online segment is going to dominate the market by distribution channel.
Asia pacific held the largest market of 67.2% in motorcycle helmet market in 2022.
Europe is anticipated to register the highest CAGR of 8.4% by the end of 2033.
Asia pacific is going to dominate the market in the upcoming years owing to the highest sales of motorcycles in the region.

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Key Segments Profiled in the Motorcycle helmet market Industry Survey

Motorcycle helmet market By product:

Full face
open face
Off-road racing
Others

Motorcycle helmet market by distribution channel:

Online channels
Offline channels

Motorcycle helmet market By End-user:

Rider
Passenger

Motorcycle helmet Market By Region:

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

Competitive Landscape-

Recently, in July 2019, For cite launched its MK1 smart motorcycle helmet with a unique LED visual communication strip that provides additional features such as an HD wide-angle camera, Bluetooth port unit, Voice over Internet Protocol intercom (VOIP), and a handlebar-mounted control unit
In October 2021, HJC premium helmet manufacturer announced that the company is working with Red Bull Racing for the launch of the first-ever Red Bull licensed helmets for its consumer base. The company forefront partnership with Red Bull helped it to design a very special helmet, i.e., RPHA 1 Red Bull Austin GP helmet.
In October 2021, Royal Enfield launched a new range of its limited-edition helmets amid the celebration of its 120th anniversary. The helmet is open face helmet that weighs around 1,280 grams approximately. Furthermore, it is launched with a face-covering bubble visor and premium leather material treated with polygiene.
In December 2021, Vega, a Belgaum-based manufacturer from India, announced its partnership with BASF for the production of lightweight, comfortable and safe motorcycle helmets. Under this partnership, Vega engages in BASF’s material innovation solution to install the best material in the helmets.

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Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

Safety Eyewear Market Comprehensive Research Study and Strong Growth in Future 2033

The worldwide safety eyewear market is expected to garner a market value of US$ 4 Billion in 2023 and is expected to accumulate a market value of US$ 7 Billion by registering a CAGR of 5.8% in the forecast period 2023-2033

Safety eyewear market is being pushed by an increase in the number of surgical operations, increased awareness of hospital acquired infections, and an increase in the prevalence of infectious illnesses globally.

In 2013, infectious illnesses killed 9.2 million people worldwide, according to the Global Burden of Disease Study-2013.

The World Health Organization (WHO) predicts that the frequency of chronic illness would rise by 57% by 2020. Furthermore, the worldwide pandemic is on the increase. These elements are propelling the need for safety eyewear.

A growth in awareness about hospital acquired illnesses is also driving the demand for safety eyewear. According to a survey issued by the European Centre for Disease Prevention and Control (ECDC), one out of every 18 patients in European hospitals suffers from a hospital-acquired illness (HAI).

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Furthermore, HAIs affect approximately 3.2 million patients per year on average. Such incidents motivate the use of safety eyewear.

During the forecast period, the market is expected to be driven by an increase in funding for research on the diagnosis of infectious diseases.

Key Takeaways from the Market Study

FMI projects the global Safety Eyewear market to expand at a 5.8% value CAGR by 2033
The global Safety Eyewear market is estimated at a market value of US$ 4 Billion
As per the safety eyewear market size analysis, the global Safety Eyewear market is expected to garner a market value of US$ 7 Billion
Asia Pacific is expected to be the most lucrative for safety eyewear market growth during the projection period
During the projection period, North America is estimated to grow at a CAGR of 5.5%.
Europe is expected to grow at a CAGR of 5% during the projection period
The industrial manufacturing category is expected to hold the greatest share of the safety eyewear market in the forecast period 2023-2033.

“Governments have developed criteria for the safety of experts in many regions and sectors, which is expected to boost the safety eyewear market. In addition, an increase in the frequency of catastrophes at work locations is expected to drive the market. “Says an analyst at FMI

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Market Competition

Key players in the safety eyewear market are Kimberly-Clark Corp., MCR Safety, Honeywell International, Inc., UVEX Winter Holding GmbH & Co., KG, Medop SA, 3M Company, Bolle Safety, Radians, Inc., Pyramex Safety Products LLC and Gateway Safety, Inc.

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Recent Development:

In August 2022, UVEX debuted the uvex-i line of safety eyewear, which protects employees against a wide range of occupational risks. The eyewear has broad, flat lenses for an unobstructed field of view, as well as an expanded side shield for further protection against threats. Uvex manufactures this line of eyeglasses using sustainable raw materials derived from the castor oil plant and electricity derived from biomass sources.
In July 2022, Bollé Safety introduced a new high-clarity lens dubbed Comfort Sense Perception to safeguard employees under all situations. The new technology is available in seventeen lens tints and a wide range of SKUs that are adaptable to indoor, indoor/outdoor, and outdoor work situations. It improves sight, visual comfort, and definition. The technology protects the eyes while improving vision in all light-sensitive situations, such as UV, glares, LED, welding gas, and low contrast.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global Safety Eyewear market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of by Product (Prescription, Non-prescription), by Application (Construction, Industrial Manufacturing), across five major regions (North America, Europe, Asia Pacific, Central & South America and Middle East & Africa).

Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity/p>

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

Posture Correction Market is Projected to Expand at a Prolific CAGR of 8.1% from 2022 to 2032

The global posture correction market is anticipated to surge at an opulent CAGR of 8.1% throughout the forecast period from 2022 to 2032. The global market is projected to be valued at US$ 1.1 Bn in 2022 and is likely to reach a market size of US$ 2.40 Bn by 2032, according to the FMI report.

The global posture correction market is expected to propel over the forecast period due to the rising back and spin disorders, growing hunchback, and poor body posture increasing the global posture correction market size. Furthermore, accelerated healthcare infrastructure along with the growing popularity of enhancing body posture and rising back pain among youngsters and the old-age population resulted in a higher demand for posture correction.

The market is predicted to have diverse posture correction products such as posture correction belts and posture correction braces are propelling the market share. Overworking hours for sitting in a chair, poor sitting habits and unhealthy and sedentary lifestyles are flourishing the posture correction market growth.

The rise in the aging population, adoption of natural treatments along with growing disposable income are mushrooming the adoption of posture correction. The government initiatives to raise awareness related to fitness, innovation of products, and several health problems are advancing the posture correction market growth.

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Various start-up companies are coming up with innovative skills and unique product launches to upsurge the market size during the forecast period. The posture correction start-up companies are developing the best bunion correctors to improve spin and body posture while charging low costs for the devices. Moreover, with the help of devices such as posture correction belts and posture correction sticks, anyone can make movements to stretch weak muscles easily.

Key Takeaways

The surging posture correction exercises and widespread awareness-related health among millennials are positively increasing the posture correction market trends. These days, the growing trend of posture correction yoga among every age group of people is expected to grow in the market throughout the forecast period. In addition to that, rising online yoga classes on various platforms and growing awareness on several campaigns and through news channels are growing the adoption of posture correction exercises.
At present, the rising adoption of kinesiology tape and posture correction sticks among adults is flourishing the posture correction market growth. For instance, in 2019, according to NSC, nearly 3.3 million sports injuries occurred, including swimming, riding cycles, and playing football, among others.
Furthermore, growing awareness concerning serious sports injuries is likely to increase the demand for posture correction. Moreover, in 2021, Mueller Sports Medicine developed its new product, “adjustable posture corrector,” for work-from-home people and sports athletes.

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On the basis of product segment, the global posture correction market is categorized into sitting support devices, tapes, and kinesiology tapes. The kinesiology tape is likely to dominate the market by capturing the highest CAGR during the forecast period. This tape helps to reduce sports injuries and improve the flow of blood, thus increasing the demand for kinesiology tape during the forecast period. Applying this tape on the knee, joint space, or other joints is likely to cure the injury fast.
Furthermore, surging sports activities are predicted to propel the kinesiology tape market size during the forecast period. Furthermore, rising posture corrector devices are growing concerns related to sports ailments during the forecast period. However, the kinesiology tape category is likely to expand the global posture correction market share during the forecast period.

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Competitive Landscape

The market is predicted to exhibit fierce competition as the number of key players in the global posture correction market is spread all over the world. These key vendors are adopting various marketing strategies to acquire the lion’s share of the market. Some of the most commonly used marketing methodologies are acquisitions, product launches, mergers, partnerships, acquisitions, collaborations, agreements, and global expansion, among several others.

Upright, Swedish Posture, Acorn International, Aspen Medical Products LLC, BackJoy, Evoke Pro, Super Ortho, Comfy Brace, Ottobock, ITA-Med Co.

Key Segments in the Posture Correction

By Product:

Kinesiology Type
Posture Braces
Sitting Support Devices

Distribution Channel:

Commerce
Retail Stores
Pharmacies

By End Users:

Kids
Adults
Geriatric

By Region:

North America
Europe
Latin America
Asia-Pacific
MEA

More Insights into the Posture Correction Market

North American region is expected to dominate the global posture correction market as it is anticipated to secure nearly 48% of the share during the forecast period. The U.S. is known as the leading nation in the region resulting in rising the global market with a growing number of key players and rising spin disorder and back pain issues during the forecast period. Apart from the US, Canada is also contributing a significant share in the region during the forecast period.

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Personal Care Wipes Market – This is How Leading Companies Are Dominating the Global Market

The personal care wipes market is expected to reach US$ 21.82 Bn in 2022, with a CAGR of 5.5% throughout the forecast period. By 2032, the market valuation is likely to exceed US$ 37.27 Bn.

The personal care wipes market manufacturers are likely to grow the end-use industries during the forecast period. The personal care wipes market is expanding as a result of numerous hygiene care industries inventing customized products for their customers with particular designs and requirements.

They are making smooth and comfortable wipes for cleaning the skin with chemical resistance properties, which propels the personal care wipes market growth. The demand for personal care wipes is expected to increase over the projected period due to the new and improved wipes that contain pH level hygiene that is utilized for genital hygiene, which provides pleasant cleansing for females.

Moreover, the cosmetic, healthcare, salon, and other end-use industries are growing the personal care wipes market size during the forecast period. Healthcare manufacturers are boosting these industries to increase the personal care wipes market growth in the coming period.

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The North American region dominates the global personal care wipes market by securing nearly 34% of the share during the forecast period. The US market is leading the region by securing a significant share due to growing hygiene concerns, health consciousness, and growing trends that are accelerating the personal care wipe market growth.

Global personal care wipes sales are expected to reach US$ 21.82 billionBn in 2022, with a CAGR of 5.5% throughout the forecast period. By 2032, the market valuation is likely to exceed US$ 37.27 billionBn.

Several hygiene care industries all around the globe are innovating customized products for their consumers with specific designs and requirements is uplifting the personal care wipes market growth.

They are making smooth , silky and comfortable wipes for cleaning the skin without any chemical resistance properties which propels the personal care wipes market growth.

The demand for personal care wipes is expected to increase over the projected period due to the new and improved wipes that contain pH level hygiene that is utilized for genital hygiene towhich provides pleasant cleansing for females. The new technology wipes include pH level hygiene that is used for genital hygiene to give comfortable cleansing for females is likely to rise the demand for personal care wipes during the forecast period.

Moreover, the cosmetic, healthcare, salon, and other end-use industries are growing the personal care wipes market size during the forecast period. The healthcare manufacturers are upsurging boosting these industries to increase the personal care wipes market growth at its different heights in the coming period.

The North American region dominates the global personal care wipes market by securing nearly 34% of the share during the forecast period. The US market is leading the region by securing a significant share due to growing hygiene concerns, health consciousness, and growing trends that are accelerating the personal care wipe market growth.

“Growing media, online advertising, branding, online buying products, and other advanced technology platforms are likely to boost the sales of personal care wipes during the forecast period. Moreover, these wipes are used for several purposes including while travellingtraveling, after work-out, and baby diapering are among others which increase the personal care wipes market growth in recent years” as per FMI Report.

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Key Takeaways from the Personal Care Wipes Market

North American personal care wipes market is likely to capture a share of nearly 34% during the forecast period.

The growing awareness related to skin problems and the rising personal care wipes products are flourishing the personal care wipes market size.
The global personal care wipes market is likely to register a CAGR of 5.5% during the forecast period. The market is expected to reach a valuation of US$ 37.27 Bn by 2032.
North American personal care wipes market is likely to capture a share of nearly 34% during the forecast period.
The growing awareness related to skin problems and the rising plenty of personal care wipes products are flourishing the personal care wipes market size.
The global personal care wipes market is likely to capture aregister at a CAGR of 5.5% during the forecast period. The market is securing expected to reach a valuation of US$ 37.27 BillionBn by 2032.

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Competition Landscape in the Personal Care Wipes Market 

The personal care wipes market is fragmented by the number of key players present in the global market during the forecast period. These key players are adopting several marketing tactics to acquire the lion’s share of the market. Some of the marketing methodologies are mergers, partnerships, acquisitions, collaborations, product launches, and global expansion, among others.

Some of the key market-playing companies are Diamond Wipes International Inc., The Honest Company Inc., Edana, Medline Industries, Johnson & Johnson Services Inc., Procter and Gamble Co., Pluswipes, KCWW, Edgewell Personal Care Co., Rockline Industries, among others.

The personal care wipes market is fragmented by the number of key players present in the global market during the forecast period. These key players are adopting several marketing tactics to acquire a lion’s share of the market. Some of the marketing methodologies are mergers, partnerships, acquisitions, collaborations, product launches, and global expansion among others.

Some of the current key market-playing companies are Diamond Wipes International Inc.,, The Honest Company Inc., Edana, Medline Industries, Johnson & Johnson Services Inc., Procter and Gamble Co., Pluswipes, KCWW, Edgewell Personal Care Co., and Rockline Industries among others.

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Key Segments in the Personal Care Wipes

By Product:

Cosmetic & Facial Wipes
Flushable Wipes

By Distribution Channel:

Supermarkets
E-commerce
Hypermarkets

By Region:

North America
Latin America
Europe
Asia-Pacific
MEA

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Blowing Torch Market is Projected to Surpass a Valuation of US$ 510.1 Mn by 2032

The global blowing torch market size is expected to reach US$ 318.5 Mn in 2022 and further grow at 4.8% CAGR during the forecast period from 2022 to 2032. Moreover, sales of blowing torches in the global market are projected to surpass a valuation of US$ 510.1 Mn by 2032.

Rising applications of blowing torches across residential, industrial, and commercial sectors worldwide, growing trend of do-it-yourself (DIY), and innovation in product designs and features are some of the key factors driving the global blowing torch market.

Blowing torches are tools used for producing a controlled flame through highly flammable gaseous or liquid fuel. These tools are being increasingly used across various sectors for performing different functions, including melting, soldering, repairing, etc.

Demand in the market is especially high for gas blowing torches due to their ease of ability to utilise less amount of gas, increased durability, and longer shelf life. Gas blowing torches, which employ pressurised gases such as butane, propane, MAPP, oxy-gas, and liquefied petroleum gas, are widely used for various applications in different sectors.

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These torches generate high-temperature flames of up to 1000 degrees Celsius. The diameter of the blowing torch’s burner tube varies depending on their needs. Such factors are attracting a higher number of consumers towards product adoption and boost the overall market.

Because of their utility in cooking, craftwork, fixing food piping, and removing paint, blowing torches are becoming increasingly popular in households. They are used for a variety of tasks such as melting cheese, lighting, caramelising sugar, roasting vegetables, and so forth.

They are also commonly used in restaurants and hotels for a variety of purposes. Because of different applications of gas blowing torches such as soldering, metal softening, pre-heat for welding, castings, and so on, the industrial uses of the blowing torch are rising exponentially.

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Key Takeaways from the Blowing Torch Market Study

In terms of volume, the market is expected to register a CAGR of 4.6% during the forecast period (2022-2032).
By product type, butane segment holds over 32% share of the global blowing torch market.
Based on mode of operation, the manual segment accounts for over around 62% share of the global market.
With over 30.1% market share in 2021, North America is likely to retain its dominance over the global blowing torch market during the forecast period.
The U.S. blowing torch market is poised to exhibit a steady growth rate during the next ten years.
With rising usage across food services industry, demand for blowing torches across the U.K. is expected to grow at a significant pace through 2032.

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“Leading manufacturers in the global blowing torch market have increased their R&D efforts to extend their product range and improve technology. Businesses are focusing on new potential markets in order to grow their consumer base and establish a stronger global presence”, says a lead FMI analyst.

Who is Winning?

Leading players operating in the global blowing torch market are Bullfinch Gas Equipment Ltd., Fowkes Bros. (PTY) Ltd., Auscrown Pty Ltd., Iwatani Corp., Lakeland, Bernzomatic, LN Marketing Pty Ltd., Rekrow Industrial Inc., Magna Industries Inc., and Yuhuan Kalilong Metal Products Co., Ltd. among others

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the blowing torch market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the blowing torch market based on product type (butane, propane, LPG, and others), mode of operation (manual, automatic) application (residential, commercial, and industrial), sales channel (hypermarkets/supermarkets, wholesalers/distributors, specialty stores, direct sales, online retailers, and others), across several regions.

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Metal Bellows Market – This is How Leading Companies Are Dominating the Global Market

The global metal bellows market stands at US$ 1.97 Bn as of now and is expected to reach US$ 3.55 Bn by the year 2032 at a CAGR of 6% between 2022 and 2032.

Bellows come through as ‘flexible seats’, mainly due to the fact that they have a pretty predictable spring rate due to elasticity. The manufacturing sector couldn’t be imagined without bellows, especially in flexible joints, vacuum seals, accumulators, and likewise. Welded bellow holds the largest market share due to better spring rate, resistance against chemicals, leak rate stroke, and likewise.

Metal bellows are capable of easily absorbing thermal and mechanical movement, and have a longer life-span. They are well-known for safeguarding against higher temperature. The tensile strength possessed by metal bellows is unparalleled. Those dealing with pipe joints prefer metal bellows as they help in curbing movement caused due to equipment movement, thermal fluctuation, and pressure pulsation or vibration.

Metal bellows are being preferred in traditional boilers, expansion joints, gas turbines, fuel gas duct systems, mechanical seals, thermal expansion tanks, engine exhaust systems, and steam turbines.

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At the same time, it needs to be noted that metal bellows are not conducive to the food & beverage vertical, basically due to the fact that the convolutions of bellows result in bug traps, which is actually tough to clean at the time of operational processes. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Metal Bellows Market’.

Key Takeaways from Metal Bellows Market

North America holds a significant market share and is expected to continue with the winning streak even in the forecast period. This could be attributed to an increasing usage of metal bellows by the aerospace and defense vertical.
Europe is expected to witness steadiness in the metal bellows market due to rising demand for welded bellows in marine and aerospace industries. Italy and Germany lead from the front. As per Germany Trade and Invest, the second biggest sector all across Germany is the machinery and equipment one.
The Asia-Pacific is expected to grow at the fastest rate in the metal bellows market. This could be reasoned with spike in demand for metal bellows in power & energy, military & defense, automotive, aerospace, and petrochemical vertical. Indian Automobile Manufacturers have mentioned that passenger vehicles’ trade did increase by ~2% in the year 2019.

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Competitive Landscape

MW Industries, Inc., in June 2018, completed acquisition of the US-based Bellowstech (manufacturing edge welded metal bellows). The former makes provisions for springs, fasteners, and various critical components to cater to aerospace applications. It’s important to note that the company is ISO 9001-certified regarding components.
FlexEJ, in April 2022, did complete designing and fabricating an entire batch comprising metal expansion joints for a manufacturer of pharmaceuticals based out of the UK.
FlexEJ, in September 2021, completed acquisition of Safetech (a leading manufacturer of rubber bellows).
MW Industries, Inc., in 2018, acquired Ameriflex, Inc. (a prominent manufacturer of precision metal bellows, flanges, flexible metal hose, and various other products).

“In spite of metal bellows being subject to strict regulations, the end-users prefer them due to the advantages offered over their counterparts. This factor is expected to boost the metal bellows market in the near future”, says an analyst from Future Market Insights.

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Global Metal Bellows Industry by Category

By Product Type:

Formed
Electroformed
Welded

By Material:

Titanium Alloys
Stainless Steel Alloys
Nickel Alloys
Others

By End-Use Industry:

Aerospace & Defence
Automotive
Power Generation
Water Treatment
Oil & Gas Refining
Heavy Manufacturing
Light Manufacturing
Others

By Application:

Conventional Boilers
Gas Turbines
Fuel Gas Duct Systems
Engine Exhaust System
FCCU’s
Steam Turbines
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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GCC Shisha Tobacco Market is Anticipated to Touch a Value of Nearly US$ 1,724.3 Mn in the year 2032

As per Future Market Insights (FMI), the GCC shisha tobacco market is poised to expand at a CAGR of 6.1% over the forecast period (2022-2032). Sales in the market are projected to increase from US$ 949.4 Mn in 2022 to US$ 1,724.3 Mn by the end of 2032.

With diseases becoming increasingly prevalent in this era, a strong focus is turned towards finding the biologically harmful culprits in food and other industries dealing with better life and survival. This focus has lately included the detailed inspection of niche products within the tobacco industry. Water pipe smoking is not expected to escape the iron claws of research for long, which will stamp the truth regarding its harmful nature. Soon, research and development may lead to prohibitions or restrictions on the shisha tobacco market.

For instance, Hookain, the famous shisha tobacco brand, now sells non-nicotine steam stones and conventional shisha tobacco. They are produced from natural soapstone soaked in molasses and have “an extra 30% of flavor to compensate for the lack of nicotine while simultaneously offering an explosion of pure taste.” Athletes frequently swap them for traditional tobacco products. At least in the GCC market, nicotine-free alternatives such as steam stones will be the dominant trend of the future, pushing the evolution of shisha smoking.

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Key Takeaways from the Shisha tobacco market Study

In terms of sales channel, direct sales segment is expected to account for maximum sales in the GCC shisha tobacco market.
By product type, the strong shisha tobacco segment is expected to gain traction over the upcoming decade.
Based on flavor, the fruit flavors are expected to witness immense growth in the GCC shisha tobacco market
UAE shisha tobacco market is projected to witness robust growth in the GCC shisha tobacco market between 2022 and 2032

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“Leading manufacturers in the GCC shisha tobacco market have increased their R&D efforts in order to extend their product range and produce a product which is less harmful for health. Businesses are focusing on new potential markets in order to grow their consumer base and establish a stronger regional presence.” Says an FMI analyst.

Who is winning?

Leading shisha tobacco manufacturer are focusing on aggressive promotional techniques, commercials, and new product launches to boost shisha tobacco sales growth in GCC. Major players present in the shisha tobacco market are Al-Eqbal Company for Investment PLC, Gulbahar Group, Samara Premium Tobacco Molasses, MSG Group of Companies, Romman Shisha Ltd., Middle East Tobacco Co. Ltd, Al Zawrae Industrial Company, Ugly Tobacco Hookah Inc., and Eastern Tombac & Tobacco Establishment among others

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LED Tube Market – This is How Leading Companies Are Dominating the Global Market

The global LED tube market is estimated to expand at a CAGR of over 10.4% between 2022 and 2032, and it is estimated to be valued at US$ 18062.8 Mn by the end of 2032.

Nowadays, most consumers frequently spend more time browsing products on online portals, which has helped elevate the LED tube market. People nowadays consider various brands that offer better features, comparison, price, and availability. Online platforms keep the ability to cater to the consumer’s timely needs.

Hence, increasing adoption of digital marketing practices across industries has become an emerging trend in the LED tube market. The market’s supply-side participants focus on strengthening their relationships and entering into strategic partnerships with online retailers so that LED tubes and solutions can be conveniently made available to a large audience and expand their products’ online visibility.

Several manufacturers are forming strategic agreements with Amazon, Flipkart, Alibaba, and other e-commerce platforms to expand their reach. Moreover, online commerce provides the freedom and convenience of picking the required goods from many choices. Furthermore, these websites provide a wide range of items and prices, allowing shoppers to take advantage of the best discounts and deals available.

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Key Takeaways from the LED Tube Market Study

Residential users are anticipated to boost the growth of the LED tubes market house owners are ready to spend a high amount on better interiors of their homes due to a rise in their income.
Based on product type, LED T8 is expected to gain traction over the upcoming decade.
In the case of sales, sales from hypermarkets and supermarkets are anticipated to grow at an increasing pace during the forecast period.
Online retails are anticipated to rise at a rapid rate and will result in revolutionizing the LED tube market.

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“LED Tube manufacturers are developing strategies to expand their product line to meet the needs of residential and commercial sectors. Key companies are working on product segment innovation to increase product durability and product external features.” Says an FMI analyst.

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Who is winning?

Leading manufacturers of LED tube are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of LED tube market globally.

Major players present in the LED tube market are Koninklijke Philips N.V., Acuity Brands, Inc.., IDEAL INDUSTRIES, Inc., Eaton Corporation, SAVANT TECHNOLOGIES LLC., OSRAM Gmbh, Seoul Semiconductor, Bajaj Electricals, Wipro Ltd, NEPTUN lights Inc., Havells, Syska, Foshan Electrical and Lighting Co. Ltd., LED Tube Lighting Pty. Ltd., Panasonic Corporation, Opple Lighting Co. Ltd., Crompton Greaves Consumer Electricals Limited., HPL Electric & Power Ltd, and Toshiba Ltd. among others.

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Future Market Insights, in its new offering, provides an unbiased analysis of the global LED tube market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the LED tube market based on product type (LED T5, LED T8, LED T10, AND LED T12), end use (residential, commercial, industrial, architectural, hospital, education institutes, safety and security, and other end use application), sales channel (wholesaler/distributer, hypermarket/supermarket, specialty store, exclusive stores, department store, independent electronics stores, online retail stores, and other sales channel) across seven major regions.

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Massage Therapy Services Market is Projected to Expand at a Prolific CAGR of 8.6% from 2022 to 2032

The massage therapy services market is slated to expand at a CAGR of ~8.6% over the forecast period of 2022-2032. Sales in the market are projected to surpass ~US$ 124.5 Bn by the end of 2032.

Massage therapy demand is anticipated to remain elevated due to the growing urge to maintain a psychologically and physically healthy lifestyle. Furthermore, the frequency of chronic illnesses is likely to increase the demand for massage services internationally. The spike in demand for system decontamination, stress management, and chronic illness treatments is likely to substantially boost the worldwide massage market.

Due to mental tiredness and stress caused by frantic lifestyles, consumers spend more money on soothing and rejuvenating services such as massage and spas. An increasing desire for revitalizing and soothing therapies to purify the system will keep a variety of massage therapies in demand.

Further, aging population is spending more on non-surgical therapies to improve their physical and mental well-being. Relaxation of the system, relaxation of body cells and tissues, and anti-stress therapy will drive global demand for massage therapies. During the forecast period, such factors are likely to contribute to the expansion of the worldwide massage market.

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Key Takeaways from the Massage Therapy Services Market Study

Women’s segment is anticipated to boost the growth of the massage therapy services market due to increasing trend of beauty and grooming worldwide.
By service type, the deep tissue massage segment is expected to gain revenue over the upcoming decade.
In terms of sales channel, the online booking segment is expected to witness impressive growth during the projection period.
The U.S. and the U.K. are expected to account for lion’s share in North America and Europe market, respectively.

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“Leading service providers are partnering with various corporate agencies to drive the campaign of well-being in corporate sector across the globe. Moreover, to expand the business the service providers are diversifying their service line and focusing on expansion of business across boundaries with the help of massage centre chains or franchises.” Says an FMI analyst.

Who is winning?

Leading manufacturers of massage therapy services market are focused on aggressive promotional strategies, advertisements, and new services launches that have driven sales growth of massage therapy services market globally.

Major players present in the massage therapy serivces market Massage Envy, Hand and Stone Massage and Facial Spa, Elements Massage, Massage Heights, The Woodhouse Day Spa, Massage LuXe, Spavia, LaVida Massage, Massage Green Spa, InterContinental Hotels Group plc, and siam wellness group are among others.

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Global Massage Therapy Services Market by Category

By Service Type:

Deep Tissue Massage
Lymphatic Massage
Sports Massage
Oncology Massage
Swedish Massage
Others

By Service Provider:

Massage Parlour
Hospital/Clinics
Resorts/Hotels

By Purpose:

Beauty/Grooming
Relaxation
Physical Fitness
Treatment
Others

By End User:

Men
Women

By Booking Channel:

Online Booking
Phone Booking
In person Booking

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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