Market Research Blog

The eyeshadow market grew by year-on-year (YoY)  5.5% in 2021, reaching a market valuation of US$ 2.7 Bn.

Expanding at a 6.8% CAGR, sales of eyeshadow are projected to top 743 Mn Units over the forecast period.Regionally, North America and Europe are expected to emerge as the most lucrative markets, with the U.K, the U.S., Australia and Germany emerging dominant as key producers.

With growing preference for natural and organic in household supplies, preference for natural and organic in the beauty industry has also rapidly increased. Beauty enthusiasts are increasingly adopting natural products as the focus on maintaining good and healthy skin is surging.

This trend has transformed beauty enthusiasts, which is directly impacting the sales of cosmetic products such as eyeshadows. With changing perception regarding natural beauty products among consumer, key players are focusing on product development and innovation which facilitate the custom needs and requirement of informed beauty enthusiast and beauty bloggers.

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Informed beauty enthusiasts often opt for color cosmetics such as eyeshadows that are safe and provide a natural experience. Hence, rising prevalence of natural and organic products has fueled growth in the eyeshadow market.

On the back of growing trend for natural and organic products, ‘plant-based’ has become a new buzz word in the market. Numerous key players are offering color cosmetics such as eyeshadows made from plant-based ingredients to voice out their products to potential and informed consumers.

For instance, MAC Cosmetics, Foraged Fields, W3LL People are few of the brands that are introducing ‘plant-based’ beauty products to promote their eyeshadow offerings. Subsequently, these players are also using numerous claims and connotations to further highlight the benefits of their eyeshadow offerings.

Few of the prominently used claims include clean, paraben-free, phthalate-free, sulfate-free, cruelty-free, gluten-free, mica-free, non-toxic, titanium-dioxide free, oxides-free, and non-GMO, among others. Such promotional strategies is grabbing the attention of millennials and beauty enthusiasts in the market.

Key Takeaways from the Eyeshadow Market Study

• In terms of product form, powder form holds a notable share of 44.7% through 2031 owing to the increasing adoption for personal as well as professional use.
• While professional application is dominating the market with largest market share, personal application segment will exhibit highest growth at 7.9% CAGR through 2021 & beyond.
• Online retail sales channel is expected to register a CAGR of 8.7% during the forecast period owing to the growing digital transition.
• The U.S. is expected to be the most lucrative market in North America reflecting growth at a CAGR of 2.3% through 2031.
• The U.K. will emerge as a leading market across Europe, registering growth at 5.1% CAGR during the forecast period

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Competitive Landscape

Beauty brands currently operating in the market are stressing more on ‘above-the-line’ promotional strategies that involves celebrity endorsements, marketing through media channels, and influencing consumer perception through in-store beauty experts and consultants.

Such active participation of beauty brands is further expected to improve the demand for eyeshadows in the coming years. Numerous leading brands are dominating the eyeshadow market, resulting in intense competition.

Several well-established brands are slowly losing their foothold in market as the market is currently experiencing the emergence of private label, prestige and indie brands. Thus to resist high competition, players in the market are focused on enhancing product development. For instance,

• In 2021, Charlotte Tilbury improved its product portfolio with the launch of its new cream eyeshadows in two new shades that includes Pilow Talk (shade of dusty pink along with rose-gold sparkle) Walk of No Shame (rusette-gold with sparkle).
• In 2020, MAC introduced new Underground BioBrilliant Glitter Eyeshadow Pallete with four shades made up of plant-based ingredients.
• In 2017, Tarte Cosmetics announced the launch of its new product line that included “Buried Treasure Eye Pallete” which comes with 10 shimmering shadows.

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Global Eyeshadow Market by Category

By Product Form:

• Powder Form
• Liquid Form
• Pencil Form
• Others

By Application:

• Personal Application
• Professional Application

By Price Range:

• Mass (Below US$25)
• Premium (Above US$25)

By Sales Channel:

• Hypermarkets/Supermarkets
• Specialty Stores
• Multi-Brand Stores
• Online Retailers
• Independent Departmental Stores
• Other Sales Channel

By Region:

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

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However, with a growing emphasis on improving worker safety across various industries, overall sales of personal protective equipment are expected to rise at a healthy CAGR of around 6.3 % between 2022 and 2032, totaling more than US$ 96.4 billion by 2032. The global personal protective equipment market is expected to be worth $55.6 billion in 2022.

As per FMI, North America will continue to remain the most dominant market for personal protective equipment, owing to the presence of regulatory organizations like OSHA, rising awareness about personal safety, rapid growth of healthcare industry and advancement in technologies.

PPE, or personal protective equipment, refers to tools that protect the wearer’s body from injury or infection while at work. Examples include protective clothing, helmets, goggles, gloves, face shields, masks, and other similar equipment. They are now in high demand as tools for improving workplace safety across a variety of industries.

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As the inappropriate use and supply shortage of PPE continues, the WHO has put forth several strategies to facilitate optimal PPE availability and normalize the supply chain. Using telemedicine to evaluate suspected cases of COVID-19 and physical barriers to reduce exposure and restricting healthcare workers who are not involved in direct care from coming in contact with COVID-19 patients are likely to minimize the need for PPE. The rationalized use and distribution of PPE along with rapid response to curb the spread of disease is thus expected to bridge the widening gap between supply and demand for PPE.

U.S. Urges Nations to Ramp Up Production of PPE, China to Lift New Export Restrictions on Medical Supplies

North America and Europe remained key markets for personal protective equipment for both medical and industrial applications with major players expanding their presence in developing Asian Pacific countries such as China and India. Rapid industrialization, low operation cost and cheap labor in these countries have been securing a steady supply chain for global market stakeholders.

However, the scenario is drastically changing amidst the outbreak of coronavirus and subsequent lockdown of factories. As the U.S. is facing a historic surge in patients seeking care of COVID-19, the government is using federal powers to force local companies to manufacture, urging other countries to accelerate the production of PPE, and seeking to purchase any quantities major PPE-producing countries can spare.

China’s new restrictions on coronavirus-related medical supplies including personal protective equipment – that allows only those manufacturers with accreditation to sell their products with China to export to other countries – came amid growing concerns about quality of various Chinese medical products. However, the country promises to lift the restrictions as several countries are still battling COVID-19 with massive shortfall of essential medical supplies. This, in turn, is expected to influence the growth prospects of the global personal protective equipment market.

Supplies are stagnating despite significant efforts to boost production capacity, and the market situation has worsened, primarily as a result of the prolonged shutdown of factories in China. The World Health Organization (WHO) has additionally cautioned that severe and precipitous disruptions in the supply of PPE on a global scale, brought on by misuse, panic buying, and stockpiling, are putting the lives of healthcare professionals and patients in danger. The new coronavirus disease is spreading quickly in terms of cases.

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COVID-19 Redirects the Application Scope of Personal Protective Equipment

Governments and health organizations worldwide are increasingly collaborating with manufacturers and suppliers to meet the PPE supply-demand gap. However, these manufacturers are facing significant hurdles due to unavailability of raw materials and outbound logistics amidst expansive lockdown of airlines and restrictions on export activities.

In addition to taking critical decisions to normalize the situation, manufacturers are currently stopping the production of industrial PPE such as industrial safety, chemical resistant gloves, and welding helmets and focusing on products for medical applications. However, innovations are on the horizon for smart personal protective equipment to deliver real-time information, minimize exposure to hazards, and enable adjustments with internal and external conditions. Post supply chain normalization, the demand for PPE will continue to grow in line with increasing mining activities and infrastructural development.

PPE Market – Competitive Landscape

A section of the FMI’s report covers detailed profiles of key players active in the personal protective equipment (PPE) market wherein product portfolio, new launches, development strategies, and regional footprint have been provided. Some of these players include 3M Company, Rahman Group, Golden Chang, Oftenrich Holdings Co. Ltd, JSP Ltd., Interspiro, Honeywell Life Safety, Ansell Healthcare Products LCC, Gateway Safety Inc., Wells Lamont Industry Group, Avon Rubber p. i. c., JAL Group, COFRA Holding AG, Avon- ISI, Alpha Pro Tech Ltd., Eurodress GmBH, Bekina NV, Jallatte Group, and Z and V Group.

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Key Segments Profiled in the Personal Protective Equipment Industry Survey

By Product Type:

• Head Protection
• Eye and Face Protection
• Hearing Protection
• Hand and Arm Protection
• Fall Protection
• Protective Clothing
• Professional Footwear
• Foot & Leg Protection
• Respiratory Protection

By End-Use Industry:

• Healthcare
• Pharmaceutical Manufacturing
• Food Manufacturing
• Construction
• Petrochemicals
• Power & Energy
• Oil & Gas
• Transportation
• Firefighting
• Others

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa

About Us:

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.

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According to the market analysis report by Future Market Insights (FMI), the electronic equipment repair service market is forecasted to reach a net worth of US$ 228.2 Bn in 2032 growing up from US$ 110.9 Bn in 2021. It is estimated to witness an impressive CAGR of 6.5% through these years.

With the improving economic conditions and development of worldwide electricity network systems there has been a significant increase in the volume of electronic devices and appliances. The amount of electronic device repair services has also surged along with it, making it an attractive business around the world.

Industrial automation in various sectors has also increased the demand for electronic equipment that is prone to frequent malfunctions and breakdowns. Industrial electronic equipment repair service is anticipated to augment the market size further along with the introduction of the fourth industrial revolution or IR 4.0 during the forecast years.

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Portable smart devices with an internet connection have become an essential part of any modern-day individual. So many electronic device repair facilities have emerged in local markets. In this regard, the market for electronic equipment repair services is expected to experience huge growth with the institutionalization of such facilities.

The report also analyses the market survey obtained during the Covid-19 pandemic, which had a severe impact on the growth of the market system providing services for fixing electronic devices. It has been observed that the growth rate dipped down from 7.8% recorded during the years 2015 to 2021.

“In recent, there has been a rise in the volume of refurbished electronic devices and gadgets over the e-commerce platforms. Opening up of such new business opportunities is expected to further boost the demand for electronic equipment repair service market in the coming days.”

With the growth in electronic manufacturing companies in South East Asian countries, the availability of cheap electronic devices has increased in the local markets all across the Middle-income countries. This factor is anticipated to have some negative impacts on the electronic equipment repair warranty services as per the market analysis report.

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Key Takeaways

• Over the forecast period of 2022 to 2032, the global electronic equipment repair service market share is expected to observe an absolute dollar growth of US$ 107 Bn and reach a valuation of US$ 228.2 Bn.
• As per the market analysis report, consumer electronics is the most attractive segment for the electronic equipment repair service market that is predicted to witness a growth rate of 7.1% over the forecast years.
• Among the different geographical regions, Europe is the leading market for fixing electronic devices with an expected to be valued at around US$ 68.6 Bn, recording a CAGR of 6.5% during the forecast time period.
• Asia Pacific countries are emerging as new leaders in the residential electronic equipment market owing to the highest growth rate of China, which is expected to reach a valuation of nearly US$ 25.2 Bn by the end of the year 2032.
• The American electronic equipment repair service market was estimated to be valued at US$ 13.9 Bn in the year 2021 and is expected to grow at a CAGR of 6.5% through the forecast years.

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Competitive Landscape

The major players operating in the global glaucoma treatment market include Encompass Supply Chain Solutions, uBreakFix, iCracked, Inc., Moduslink Global Solutions, Medtronix Inc., the Cableshope Inc., Redington services, B2X Care Solutions GMBH. Electronic appliances manufacturing companies are enthusiastically providing repair service warranty services for their customers these days. The adoption of such business models has made the American electronic equipment repair service market highly competitive.

Long-term agreements of industrial electronic equipment repair service companies with various established industries are the major strategy adopted by top companies. Collaboration with hospitals for providing healthcare medical devices repair services is also turning out to be a remunerative option for some market players these days.

Key Segments

By Product Type:

• Consumer Electronics
• Computer Related Products
• Others

By Region:

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

About Us:

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.

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The facility management services market is expected to increase at a CAGR of over 12.6% from 2022 to 2032, finds a study by Future Market Insights. Increased investments in the real estate and construction industries around the world are credited with the rising facility management services market share.

The expansion of the facility management services market is fueled by factors such as increased industrialization and urbanization, increased residential and non-residential building, and increased awareness of asset protection. Furthermore, several facility management service providers, such as CBRE Group, Quess Corp Ltd, and others, are working to integrate sustainable development, technology, infrastructure, people, and real estate to achieve optimum efficiency.

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As a result, the global facility management services market is predicted to rise as people become more conscious of the importance of protecting their assets or properties. However, the lack of trained personnel and resources in emerging nations, as well as a lack of managerial awareness and reliance on in-house facility management teams, are impeding the demand for facility management services.

The facility management system will benefit from growth in the infrastructure sector. Infrastructure investment is a priority for governments in a number of countries. They have begun to make significant investments in the construction of trains, ports, airports, and other infrastructure. There have been a number of cooperation with a variety of private companies, including service providers, to keep the infrastructure sustainable. Furthermore, governments are entering into agreements with a number of multinational players to finish and connect their infrastructure both inside and beyond borders.

As a result, the facility management services market is likely to be driven by the expansion of the infrastructure sector in various nations. Furthermore, service providers all around the world have a plethora of options for obtaining contracts from the private sector.

However, one of the issues limiting the facility management services market outlook is security worries about the integrity of devices and networks. Increasing security breaches and cybercrime group threats are causing distrust, which is harming industry growth.

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As per the global facility management services market study, growth is hampered by a lack of stable contracts, little use of technology, and a lack of resources and competencies. The infrastructure sector’s rapid growth necessitates more workers, which has an impact on domestic facility management across the country. These are the main elements influencing the market’s development. However, the workforce and cost control will be critical in resolving such difficulties.

Key Takeaways

• By 2023, the outsourced facility management services market in the United States is expected to reach US$ 200 billion. Outsourcing income is increasing in the healthcare and education industries in the United States.
• By 2027, the electrical segment is likely to contribute for 20% of the customer base in the United Kingdom.
• The Asia Pacific facility management services adoption rate is expected to grow at a rate of over 15% until 2027. Increased government measures to help smart cities are a feature of the APAC sector. The number of large public facilities, such as airports, malls, universities, hospitals, and seaports, is growing in tandem with the development of smart cities, which has boosted demand for facility management services.
• The rapidly expanding building sector in Asian countries like India and China would also help the business advance in Asia.
• The security segment of the facility management services market in Japan is expected to grow at a CAGR of more than 15% until 2027. Organizations will need to recruit qualified security staff to safeguard themselves from potential hostile attacks or criminal operations on their premises, which will fuel industry growth.

Competitive Landscape

Jones Lang LaSalle Incorporated, CB Richard Ellis (CBRE), GDI Integrated Facility Services, Inc., Colliers International, Aramark, Compass Group, Cushman & Wakefield, EMCOR Group, Inc., G4S plc, IBM Corporation, Interserve PLC, ISS Facilities Services Inc., OCS Group, and Veolia Environment are some of the major players in the facility management services market.

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The global demand for facility management services is still extremely fragmented, with several leaders competing for market share. The rising hospitality industry of regional markets is attracting the attention of prominent corporations operating in the market. Government officials are assisting these companies in expanding their strong foothold in facility management process through strategic priorities. This aspect helps cater to the hospitality industry’s changing regulatory needs, notably during the height of the ongoing pandemic’s safety standards.

Important Industry Developments:

• In June 2020, Sodexo teamed with Bureau Veritas to launch a hygiene verification label for Sodexo services, providing consumers with quality assurance. This collaboration includes on-site facility management and culinary services. The label was first introduced in the United Kingdom, France, the United States, and Canada, and then progressively expanded to other nations across the world.
• August 2019 – ISS has signed a five-year Vested collaboration agreement with a prominent Nordic professional services group. Furthermore, in the Nordics, this contract will take effect on October 1, 2019.

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Key Segments

By Type:

• Outsourced
• In-house

By Service:

• Hard Service
  • Electrical
  • Civil
  • Mechanical
  • Specialized Hard Services
  • Others Hard Services
• Soft Service
  • Cleaning
  • Laundry
  • Landscaping
  • Security
  • Others Soft Services
• Management Service
  • Contract Management
  • Energy & Utilities
  • Maintenance Planning & Control
  • Others Management Service

By Application:

• Government & Public Sector
• Industrial
• Commercial
• Education
• Transportation
• Healthcare
• Others

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According to an analysis by Future Market Insights (FMI), the industrial safety footwear market is expected to be valued at US$ 18.99 Mn in 2032, with a 6.3% CAGR during the forecast period.

Rapid industrialization, along with expanding end-user sectors such as construction, mining, food, pharmaceuticals, and oil and gas, as well as rising government measures to improve worker safety, will propel the industrial safety footwear market forward.

Furthermore, exceptional training programmes in conjunction with new stringent safety regulations will improve the safety equipment device over the projection period.

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There is a slight chance that low-quality products will be prevalent, which will indirectly increase workplace dangers due to poor product quality.

Key Takeaways:

• With a market size of over USD 8.50 billion and a CAGR of over 6.5% over the forecast period, the leather industrial safety footwear market is expected to hold the largest share in 2020.
• In 2027, the construction industry’s industrial safety footwear market is estimated to exceed USD 4.95 billion.
• By 2027, the North American market is estimated to reach USD 5.40 billion, with a CAGR of over 6% during the forecast period. In North America, manufacturing is the fastest expanding application segment for industrial safety footwear.
• Over the forecast period, the rising adoption of health and safety standards to prevent workplace fatalities is predicted to boost the demand for safety footwear.

As technology advances and the improvement of existing safety rules and standards, the worldwide industrial safety footwear market is booming. BSI, ILO, and OSHA are just a few of the national agencies following a set of safety recommendations. According to the agencies, employers must offer certified safety gear to their employees during working hours.

Furthermore, due to the COVID-19 pandemic, customers delayed or postponed spending on non-essential products and services, such as footwear, apparel, and home appliances, resulting in a decrease in footwear demand. Furthermore, temporary manufacturing unit shutdowns and the closure of manufacturing industries impacted demand for industrial safety footwear.

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Competitive Landscape:

Manufacturers are investing in innovative technology and product development to capitalize on the increased demand for industrial safety footwear in the coming years.

Honeywell International, Inc, JAL Group France SAS, COFRA S.r.l, Rock Fall Ltd, Uvex Group, Anbu Safety Industrial Co., Ltd, Hillson Footwear Pvt. Ltd, Bata Industrials, and Williamson-Dickie Manufacturing Co. are all significant players in the industrial safety footwear market.

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Global sales in the telescopic masts market are projected to be valued at over US$ 374.0.8 Mn in 2022, expanding at a 4.9% CAGR over the forecast period. North America is anticipated to hold a dominant share in the market due to increasing investments in the military sector, followed by Europe. North America and Europe are projected to hold a collective market share of 45% by 2032.

According to Future Market Insights (FMI), increasing usage of telescopic masts in the military sector is driving the market. Military vehicles are equipped with small portable telescopic or pneumatic masts for effective surveillance, which is expected to augment the growth in the market. Increasing development of innovative technologies by the manufacturers is boosting sales of pneumatic telescopic masts, thereby fueling sales in the global telescopic masts.

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Pneumatic telescopic masts are used with the help of air pressure and erect faster than conventional or mechanical telescopic masts, which makes them more popular among end users.

The growing requirement for telescopic masts from commercial, military, security, municipal and others sector is anticipated to bolster demand in the telescopic masts market over the forecast period.

“Increasing investments in the military sector across the globe, along with increasing adoption of pneumatic and motorized telescopic masts will continue driving sales in the market over the forecast period,” says the FMI analyst.

Key Takeaways:

• • By end-use, the military sector is forecast to hold over 39% of the total market share in terms of volume in 2022.
  • Based on product type, sales in the push-up telescopic masts segment are expected to hold over 28% of the total market share.
  • By load, demand in the medium duty segment is set to surge at a 4.3% CAGR over the forecast period.
  • In terms of height, demand in the >15 to 34m segment is expected to reach US$ 267.3 Mn by 2032.
  • Sales in the U.S. telescopic masts market are projected to grow year-over-year by 3.9% in 2022.
  • The Germany telescopic masts market is forecast to grow at a 3.3% CAGR through 2032.
  • China will emerge as a lucrative market, with sales growing at a 4.4% CAGR over the forecast period.

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Competition Landscape

The global telescopic masts market is moderately consolidated with key players accounting for around more than 40% of the market share. Key players are investing in product developments and the expansion of their distibution channels to improve their presence in the market.

Some of the key players in this industry include the RATT, Willburt, Mast System (Transdigim Inc.), Rohn Products Inc, Comrod Communication Group Marine, SERAPID Inc., and others

Find More Valuable Insights

The research report analyzes demand for telescopic masts. The global telescopic masts market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis of product types (push-up masts, hitched masts, integrated mast trailer, push button masts and cable/belt driven masts), load (light duty, medium duty, and heavy duty), height (up to 15m, 15-34m, and 34 to 50m), end use (commercial, military, security, and municipal) and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand factors.

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