Smart TV Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2028

In 2022, the global smart TV market is expected to be worth $288.71 million USD. With increasing internet penetration and consumer demand for web-enabled online platforms, the overall demand for Smart TV is expected to grow at a CAGR of 20.8% between 2022 and 2032, totaling around US$ 1,910.44 Million by 2032.

A steady increase in the use of streaming devices, combined with rising internet penetration, is driving market growth. Furthermore, the recent shift in consumer preferences has significantly contributed to revenue generation. The surge in demand for smart TVs has created lucrative opportunities for content providers to enter the Over the Top (OTT) space, This enables them to distribute original content over the internet.

Furthermore, many industry players are collaborating with streaming media player manufacturers in order to broaden their portfolios and increase their visibility. All of these factors are expected to boost market growth in the near future. Because of falling product prices, an increasing number of customers are opting for these technologically advanced televisions.

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Manufacturers are also upgrading their offerings by adding new features to their newer models for customers’ convenience, leading to increased demand. Moreover, the industry has witnessed high penetration in the 4K UHD TV segment, which has become a standard resolution for most manufacturers.

The accelerated demand for smart TVs has paved way for lucrative opportunities for content providers to venture into the Over the Top (OTT) space, which is allowing them to distribute original content via the internet. Also, numerous industry players are collaborating with streaming media player manufacturers to expand their portfolios and enhance their visibility.

All these factors are projected to contribute to market growth in the near future. The use of Android as an operating system by various smart TV providers has made it easy for users to access major OTT platforms such as Netflix, Hulu, and YouTube. Additionally, the Google platform also provides access to major Android-based applications, such as Facebook, Twitter, and Google Play.

Key Takeaways from the Market Study

  • Global smart TV market to experience 6.7x growth from 2022 to 2032
  • Flat screen smart TVs account for nearly 95% revenues in 2020, expected to retain said dominance
  • By screen size, smart TVs measuring 46 to 55 inches to capture 38% revenue in 2022
  • North America to be the most opportunistic smart TV market, expected to accumulate 45% revenue in 2022
  • 3/5th of global smart TV market revenue to be contributed by the Asia-Pacific
  • MEA to generate significant growth opportunities for smart TV manufacturers, accounting for 30.5% revenue in 2022

“The smart television (T.V.) market is being driven by significant factors such as the rise in the level of disposable income and rapid urbanization. The market is estimated to rise rapidly over the forecast period owing to surging adoption of advanced technologies,” remarks an FMI analyst.

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Competitive Landscape

Players in the global Smart TV Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In March 2021, Apple announced the next generation of Apple TV 4K, delivering high frame rate HDR with Dolby Vision, connecting customers to their favorite content with the highest quality standards.
  • In July 2020, Samsung Electronics Co. introduced its range of QLED smart TVs, which have achieved a first-class energy efficiency rating.
  • In April 2020, Sony Electronics Inc. revealed new 2020 LED and OLED television models announced at the CES 2020. Sony’s processors power the 2020 TV line-up by upgrading to better color and TRILUMINOS displays. The TVs are also equipped with Google Assistant.
  • In March 2020, LG Electronics (LG) announced sales of its 2020 TV line up, which included 14 OLED models, including the GX Gallery series, the Genuine 8K ZX models and the 4K Ultra HD TV.

Know More About What the Smart TV Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Smart TV Market, providing historical data for 2017-2021 and forecast statistics from 2022-2032.

To understand opportunities in the Smart TV Market, the market is segmented on the basis of display technology type, screen type, screen size, application type, price range, and sales channel across five major regions.

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Key Segments Covered in the Smart TV Industry Analysis

Smart TV Market by Display Technology Type:

  • LED
  • QLED
  • HDR
  • OLED
  • LCD
  • IPS LCD
  • XLED

Smart TV Market by Screen Type:

  • Flat
  • Curved
  • Foldable

Smart TV Market by Screen Size:

  • 32 Inches & Under
  • 33 to 44 Inches
  • 45 to 50 Inches
  • 51 to 55 Inches
  • 56 to 65 Inches
  • 66 Inches & Above

Smart TV Market by Application Type:

  • Residential
  • Commercial
  • Hotels
  • Restaurants
  • Corporate Offices
  • Cafeterias
  • Others

Smart TV Market by Price Range:

  • Under US$ 500
  • US$ 500 – US$ 1000
  • US$ 1000 – US$ 2000
  • US$ 2000 – US$ 3000
  • US$ 3000 & Above

Smart TV Market by Sales Channel:

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Multi-brand Stores
  • Online Retailers
  • Wholesalers & Wholesalers
  • Other Sales Channel

Smart TV Market by Region:

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

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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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Baby Swing Market – Business Opportunities and Global Forecast to 2030

baby swing is a well-designed padded chair which is suspended and a sturdy frame just like an adult’s swing, that keeps swinging back and forth entertaining the baby, and can be used right from birth to when the baby reaches 6-9 months old.

The baby swing market is growing due to the increasing interests of parents towards baby care in the developing regions.

There is a key advancement in the baby swing market that is automatic baby swing that work as an alternative to keep babies engaged when parents are busy. This new trend has resulted in the rapid growth of the baby swing market.

The novel coronavirus has caused a disturbance in almost all the industries. The novel coronavirus has also affected the baby swing market.

There has been a disruption in the supply of several products that are required in the manufacturing industries, this is hampering the production of the baby swing.

Also, the flow of customers in the stores have fallen which has led to the decreased sale of the baby swing which in turn is affecting the global baby swing market.

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Baby Swing Market: Drivers and Restraints

The global baby swing market is growing rapidly due to the wide range of baby swings offered by the manufactures depending on the age and weight of babies. Modern baby swings offer a variety of features that entertains the baby such as pre-installed lullabies on them.

The growing number of working women and busy lifestyle is also expected to boost the baby swing market.

Other factors such as increasing awareness about baby care among parents, increasing expenditure by parents on child care are boosting the baby swing market. Apart from drivers, the increasing number of baby fall and baby death is likely to restrain the growth of the baby swing market.

Baby Swing Market: Overview

Based on the product type, the full-sized baby swing is the most preferred swings in the baby swing market, because it provides more comfort and can be used for a longer period as the baby grows.

Based on the application, the household segment is likely to expand due to the increasing demand for installation in interiors such as children’s bedroom and nursery. Based on the distribution channel, modern trade is expected to be the most profitable segment in the baby swing market.

Baby Swing Market: Region-wise Outlook

The global baby swing market is expected to be dominated by North America, due to the growing busy population, changing trends and working women in the region. The rising innovations and development are further likely to boost the market in this region.

North America is to be followed by Europe, the busy lifestyle that has resulted in increased demand for products which enable parents to look after their babies and manage their routine work simultaneously.

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In Asia-Pacific, the baby swing market is expected to have significant growth over the forecast period, due to the increasing birth rate which leads to the rising demand of baby swing. The increasing urbanization and spending on baby care products in countries like India and China are expected to boost the baby swing market in the regions.

Baby Swing Market: Key Market Participants

  • Thorley Industries LLC.
  • Baby Trend, Inc.
  • Mattel, Inc.
  • Nuna International B.V.
  • Brevi Milano S.P.A.
  • Kids II, Inc.
  • Newell Brands
  • Standard Container Company Edgar, Inc.
  • Hauck Gmbh & Co. KG
  • Mamas & Papas

The report covers exhaust analysis on

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

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (India, ASEAN, Australia & New Zealand)
  • China
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Baby Swing Market: Segmentation

Based on the Product Type

  • Full-sized Baby swing
  • Portable Baby Swing

Based on the Application

  • Household
  • Nursery
  • Hospital
  • Garden

Based on the Distribution Channel

  • Modern Trade
  • Departmental Stores
  • Specialty Stores
  • Online Stores
  • Others

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Cat Litter Boxes Market – Key Players are Adopting Different Growth Strategies to Maintain Their Global Dominance

The global cat litter boxes are a basic necessity for a majority of cat owners since domestic cats often prefer to stay indoors due to the safety and security their homes offer. Cat owners too usually prefer cats staying indoors since cats may face a variety of threats in external environments.

Cat litter boxes are sometimes also called sandboxes, cat litter trays or cat litter pans. Their essential function is to simulate the natural environment where a cat would excrete and later cover-up the odour by the use of cat litter. Cat litter may be made up of clay, silica or natural materials.

The cat litter boxes market can be divided into types of boxes used such as open litter boxes, hooded litter boxes and top-entry litter boxes.

All of these types offer both cats and cat owners certain advantages and disadvantages in terms of accessibility, odour-masking, cost, cleanliness and hygiene.In recent years, self-cleaning litter boxes have taken the cat litter boxes market by storm.

These boxes use technology to automate the litter cleaning process. The degree of automation in self-cleaning boxes varies from easy to remove trays to complete automation in litter disposal by use of infrared sensors and electronic combing mechanisms.

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The cat litter boxes market has shown incremental growth over the past decade as overall cat ownership has increased. Meanwhile, the self-cleaning litter boxes segment has seen phenomenal growth. However, the impact of Covid-19 is likely to be felt in the cat litter boxes market in the next decade.

Cat Litter Boxes Market: Rising Pet Ownership Creating Opportunities

Besides growing cat ownership, the increasing adoption of cats by working professionals and the youth has led to a demand for cat litter boxes from which litter is convenient to dispose.

This has been a driver for increased automation and modernisation in the cat litter boxes market and self-cleaning litter boxes are expected to render their predecessors obsolete in the future.

Weather patterns have traditionally driven the cat litter boxes market and sales of litter boxes see a substantial jump during seasons where inclement or unpredictable weather is likely. This is since cats are environment sensitive and are compelled to stay indoors during such weather.

Impact of Covid-19 on the Cat Litter Boxes Market

The Covid-19 pandemic will increase health and hygiene concerns among cat owners; consumers are likely to prioritize purchase of litter boxes that address these concerns. The impact of this will be felt on the cat litter boxes market as well as cat litter in general.

The economic ramifications of the crisis will also result in a decrease in disposable incomes of consumers and they will thus look to optimise their investments in litter boxes in terms of hygiene requirements and affordability.

The self-cleaning cat litter boxes market is likely to benefit from this scenario as consumers will look to reduce their handling of cat litter as much as possible. The challenge for manufacturers will thus be to increase the affordability of cat litter boxes.

Manufacturers are hence expected to increase their investment in R&D with a special focus on automation will the ultimate aim of further easing the litter disposal process as well as bring down product costs.

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Region-Wise Analysis

North America has been the consolidated leader in the cat litter boxes market across segments based on type in the past decade, while Europe has been the other large market. Collectively, the North American and European markets account for a lion’s share of the cat litter boxes market.

The Asia-Pacific regional segment has been the fastest going cat litter boxes market in recent years. The Asia-Pacific region is also likely to be the most affected market by the Covid-19 pandemic and automated self-cleaning litter boxes are likely to find the most traction in this region.

The rest of the world accounts for a much smaller market share in comparison, though Australia, Latin America and Turkey are countries that present good market opportunities.

Competition Landscape

The cat litter boxes market is fragmented with several major players in the fray. It can be classified further on the basis on manufacturers who make self-cleaning cat litter boxes only. Prominent players in the market include

  • Kitty’s WonderBox
  • Omega Paw
  • PetNovations
  • Automated Pet Care Products
  • LitterMaid
  • Cats Desire
  • Cosmic Pet
  • iKuddle
  • Nature’s Miracle
  • Radio Systems
  • Spectrum Brands Holdings
  • Easyology Pet.

Regions and Countries Analyzed in the Report

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Cat Litter Boxes Market Segmentation

By Type

  • Self-Cleaning Automatic Litter Box
  • Disposable Litter Box
  • Top-entry Litter Box

By Distribution Channel

  • Hypermarkets/ Supermarkets
  • Pet Stores
  • Online Retail

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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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Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Toilet Cistern Blocks Market – Dominance of the Leading Companies Over the Global Industry

The global personal health and hygiene market is gaining strong traction in the wake of mounting concerns over individual health and hygiene. The innovations of new products in the toiletries and hygiene sector such as toilet rim blocks, toilet cistern blocks, liquid toilet cleaners etc.

Cleaning is a significant part of our everyday lives and specifically toilet cleaning. The increasing concerns over the adverse effects of an unhealthy and unclean environment in the surroundings, houses and especially toilets has led the consumers to focus more on taking preventive measures to stop the prevalence of the diseases caused by the germs and microbes.

The rising consumer disposable income of the consumers coupled with the growing willingness to spend on personal hygiene is one of the major factors driving the personal hygiene market. The improving quality of the daily lives of consumers is promoting the sales of personal hygiene products such as toilet cistern block.

has made it very convenient to maintain a healthy environment in out toilets and bathrooms. Toilet cistern blocks are generally placed in our flush tanks and help to keep our toilet bowls and rims thoroughly clean.

Toilet cistern block cleans the bowl every time you flush and leaves a lasting fragrance. Toilet cistern block is made with a concentrated cleaning action which is designed in such a way that it helps in the prevention of limescale and generally one single block of toilet cistern block last for at least 4 weeks which is a contributing factor in boosting the demand for toilet cistern block in the market. The toilet cistern block is available in the various type of fragrances in the market to cater to the consumer demands which is a growth driver for the toilet cistern block market.

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The cost-effectiveness and convenience factor of the toilet cistern block also play an important role in driving the demand for toilet cistern block in the market over the forecast year.

Rising awareness about maintaining personal hygiene and increasing per capita disposable income is driving the Toilet Cistern Blocks

The rising consumer disposable income of the consumers coupled with the growing willingness to spend on personal hygiene is one of the major factors driving the personal hygiene market. The improving quality of the daily lives of consumers is promoting the sales of personal hygiene products such as toilet cistern block. Moreover, the escalating competitiveness of manufacturers for product innovation is boosting the growth of the toilet cistern block market. The increasing awareness about the availability of these products also plays a key role in fuelling the demand for toilet cistern block.

The supply side participants of the toilet cistern block market tend to capitalize on the influence of social media on consumer preferences and use of TV commercials for promotion and increasing the outreach of products such as toilet cistern block among the consumers. As a value addition to the product, the manufacturers of toilet cistern blocks are adding toilet cistern blocks with different fragrances to their product portfolio which is expected to boost the demand of toilet cistern blocks in the market over the forecast year.

Toilet Cistern Blocks Market: Market Participants

The key market participants identified across the value chain of the Toilet Cistern Blocks market are Future Consumer Enterprise, Dabur India, Jeyes Group Ltd, Kleen off, Henkel Corporation, Procter & Gamble, Reckitt Benckiser, S. C. JOHNSON & SON, INC., and The Unilever Group are among others.

Opportunities for Toilet Cistern Blocks Market participants

The growing popularity of these products in the developing countries and the increasing penetration of toilet cistern block in rural areas is driving the toilet cistern block market. The mounting consumer awareness regarding the significance of maintaining personal hygiene is boosting the growth in demand for toilet cistern block in the market.

The emergence of new technologies to mask the stinky smell coupled with the ability of toilet cistern block to clean the bowl as well leaving a refreshing fragrance is among the major contributing factor in escalating the growth in demand for toilet cistern block in the market. Growing e-commerce industry offers many growth opportunities for the toilet cistern block.

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The Toilet Cistern Blocks market on the basis of region has been segmented as

  • North America
  • Latin America
  • Europe
  • CIS & Russia
  • Japan
  • APEJ
  • The Middle East & Africa

Brief Approach to Research for Toilet Cistern Blocks Market

The company will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments,

which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level and consolidated and synthesized at a global level to estimate overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report for the Toilet Cistern Blocks market include:

  • An overview of the Toilet Cistern Blocks market, including background and evolution
  • Macroeconomic factors affecting the Toilet Cistern Blocks market and its potential
  • Market dynamics, such as drivers, challenges, and trends of the Toilet Cistern Blocks market.
  • Detailed value chain analysis of the Toilet Cistern Blocks market
  • The cost structure of the products and segments covered in the study
  • In-depth pricing analysis, by key product segments, regions and by major Toilet Cistern Blocks market participants
  • Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
    • Analysis of the Toilet Cistern Blocks market structure, including a tier-wise categorization of key market participants

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 market segments such as geographies, application and industry.

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

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordic, Eastern Europe)
  • CIS and Russia
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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 in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Toilet Cistern Blocks Market: Market Segmentation

On the basis of Product Type, the Toilet Cistern Blocks market has been segmented as:

  • Bleach
  • Citrus
  • Jasmine and Violet

On the basis of End Use, the Toilet Cistern Blocks market has been segmented as:

  • Commercial
  • Corporate offices
  • Public toilets
  • Industrial Usage
  • Household

On the basis of Sales Channel, the Toilet Cistern Blocks market has been segmented as:

  • Hypermarkets
  • Supermarkets
  • Independent Retailers
  • Multi Brand Stores
  • Specialty Retail Stores
  • Online Sales
  • Company Website
  • 3rd Party Online Sales

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

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 Latest Market reports: https://www.futuremarketinsights.com/reports

Video Intercom Device Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2031

The worldwide video intercom device market is supposed to enroll a CAGR of 13.1% during 2017 – 2027, with North America, Western Europe, and APEJ representing striking offers toward the figure time frame’s end.

FMI has conveyed the critical experiences on the worldwide video intercom device market in its report named “Video Intercom Device Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment, 2017 – 2027”.

The development of the worldwide video intercom device market is supposed to be alluring as the market is supposed to develop ceaselessly at a CAGR of 13.1% concerning esteem during the estimate time frame, 2017 – 2027.

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Video Intercom Device Market: Analysis & Forecast

On the basis of product, the door/entrance system segment is expected to register attractive growth during the forecast period in the global video intercom device market. On the basis of technology, the IP-based video intercom device segment is expected to witness an attractive growth during the forecast period in the global video intercom device market. Based on vertical, the residential segment is expected to gain a high share in the global video intercom device market during the forecast period.

The global video intercom device market was valued at US$ 15,711.6 Mn by the end of 2017, and is expected to grow at a steady pace over the coming years. Developed economies of North America, Eastern Europe and APEJ are collectively expected to account a major share of the global video intercom device market.

North America, Eastern Europe and APEJ are projected to be the dominant regional markets for video intercom device, where APEJ is expected to grow at high CAGR during the forecast period.

Video Intercom Device Market: Dynamics Impacting Revenue Growth

Since the last few years, the adoption of video intercom device has increased considerably, especially in the residential segment. The manufacturers of video intercom devices are planning to reduce the overall as well as the installation cost.

Apart from building and societal security infrastructure, video intercom devices are deployed for baby monitoring purpose facilitating parenting ease, by providing information about the baby’s routine activities.

The door/entrance system segment in the global video intercom device market is expected to witness significant growth over the forecast period. The system sends an alert signal to the user regarding the entry and exit of a known or unknown person, even if the user is not present at the premise, which is the prime factor driving the demand for door/entrance system.

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Video Intercom Device Market: Regional Insights

North America is expected to be the dominant regional market for video intercom device as the overall revenue generated from the residential segment has surged owing to the increased adoption of smart home automation solutions.

Consumers nowadays are adopting security systems with advanced features embedded in their smart home applications, considering it as a value-added service for better quality of living. Such factors are encouraging the vendors of video intercom devices to innovate their solutions, which is thus driving the growth of the video intercom device market in the region. The APEJ video intercom device market will be a target market for the participants owing to the high growth opportunities in countries such as India and China.

The video intercom device market in Eastern Europe has high potential. Penetration of smartphones in the European countries is increasing rapidly, and population living in urban areas is looking for better security solutions such as video intercom devices to deploy in their smart homes. This is a major factor expected to drive the growth of the video intercom device market in the region.

Video Intercom Device Market: Competition Analysis

According to FMI’s analysis, the integration of advanced technologies by the manufacturers of video intercom devices, along with enhancement of functionality will help increase their revenues in the video intercom device market.

Examples of some of the key participants operating in the global video intercom device market are Panasonic Corporation, Honeywell Security, LEGRAND, Godrej Industries Limited, Zicom, Zenitel, Aiphone Corporation, Comelit Group S.P.A., Dahua Technologies Co. Ltd., and Hangzhou Hikvision Digital Technology Co. Ltd.

Key Segments Covered

Product

  • Baby Monitoring System
  • Handheld Device
  • Door/Entrance System

Technology

  • IP-based
  • Analog-based

Vertical

  • Government
  • Residential
  • Commercial
  • Manufacturing/Industrial

Key Regions Covered

  • North America Video Intercom Device market
    • U.S.
    • Canada
  • Latin America Video Intercom Device market
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe Video Intercom Device market
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe Video Intercom Device market
    • Russia
    • Poland
    • Rest of Eastern Europe
  • APEJ Video Intercom Device market
    • China
    • India
    • Australia & New Zealand
    • ASEAN
    • Rest of APAC
  • Japan Video Intercom Device market
  • MEA Video Intercom Device Market
    • GCC Countries
    • Turkey
    • South Africa
    • North Africa
    • Rest of MEA

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Travel Bags Market is Anticipated to Reach at a US$ 37.5 Billion by the End of 2032

The travel bag is likely to hold the global market at a moderate CAGR of ~8.3% during the forecast period. The global market holds a forecasted revenue of ~US$ 16.9 Billion in 2022 and is likely to cross ~US$ 37.5 Billion by the end of 2032.

The travel bags market is anticipated to show promising growth prospects during the forecast period, expanding the Travel Bags market size.

. According to FMI’s recent research, the market will experience sustained growth throughout the forecast period 2016-2026. U.S., Middle East, and APAC will exhibit the highest growing potential during the forecast period. While U.S. will remain key market in terms of global sales, China will remain a formidable region in APAC.

The 2007-08 financial recession had impacted the world tourism industry for a long haul, which also held a negative aftermath on the luggage market. However, following the resurgence of the global economy, the travel and tourism industry has recovered and the demand for travel bags is also witnessing steady growth.

Key Drivers for Market Growth

The growing globalisation trend has led most of the emerging economies to witness a sprint in sales of consumer products sector, and sales of travel bags and accessories have also witnessed an uptick. Increase in the number of road and rail travelers, along with increasing frequency of flyers is also positively impacting the global travel bags market.

Robust international travel and immigration, advancement in product design, quality, and functionality, and rising affluence of middle class population in developing nations are other key factors driving the growth of the market.

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Most of the airlines have luggage weight regulations enforcement, which prompts at the growing demand for lightweight carry-on travel bags. Owing to increasing number of consumers choosing flight over road or rail journey, manufacturers are concentrating more on production of lightweight and ultra-lightweight travel luggage with hard side material.

Possible Restraints

Leading industry brands continue to maintain a strong hold in established market. However, developing regional markets include a wide range of domestic brands, which contribute a sizeable share to the total market revenues. However, counterfeits have been a major challenge to the global travel luggage market.

Although these counterfeit products are of low quality, a specific consumer base tends to buy products owing to their inexpensive prices compared to authenticated brand products.

Key Market Trends

Consumers are frequently travelling for business, trade, and leisure. Evolving fashion trends will continue to dominate the market during the forecast period. While backpacks remain popular among casual travelers, duffle bags, spinners, and carry-ons will continue to gain traction among business and leisure travelers.

With a burgeoning trend of carrying compact and lightweight luggage, manufacturers are investing more in the production of innovative, high quality, ultra-lightweight bags made from leather and microfibre material. 3600 spinner bags are also believed to observe strong sales.

While high-end designer bags are trending in the U.S. market, convertible and foldable travel bags are estimated to grasp more market on a global level, including developing nations. Innovative luggage designs, being an influential trend in market, has already been reported to trigger the manufacturing of smart bags equipped with size adjustment flexibility and in-built GPS.

This trend is expected to gain prominence over the forecast period 2016-2026. Moreover, demand for sophisticated travel bags effectively designed for reduced neck, back, or shoulder pain are also anticipated to gain an uptick during the forecast period.

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Key Players in Market

The key players in the global travel bags market include Samsonite Company Stores, United States Luggage Company (LLC), Ace Co. Ltd., Targus Group International Inc., Rimova, Delsey SA, Crown, VIP Industries Ltd., Shanghai Fochier Intel’ Co. Ltd., Tumi, Travelpro International Inc., Antler, and New Travel Sports Co. Ltd., Eagle Creek, and Everest.

While United States Luggage Company (LLC) has been in the luxury luggage market with the brand name Briggs & Riley Travelware, 24-7 International has a broad brand portfolio, including Andiamo, Pathfinder, Lucas, Ciao, and more. Samsonite’s acquisitions with Gregory Mountain Products and Liapult in 2014 have been impactful for the market.

The company will continue to acquire multiple local brands in near future. Moreover, the launch of Lily Bloom designer luggage collection by 24-7 International has been a promising market driver in the U.S.

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 market segments such as geographies, types 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

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

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 in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Travel Bags Market: Segmentation

FMI’s research report on the global travel bags market offers a 10-year forecast, segmenting the market on the basis of material, type, distribution channel, and price.

On the basis of the material used in manufacturing travel bags, the market is segmented into,

  • Soft side
  • Hard side
  • Hybrid

According to the type of bag, the market is segmented as

  • Backpacks
  • Suitcases or trolley bags
  • Duffle bags

Segmentation based on distribution channel includes

  • Factory outlets
  • Traditional stores
  • Supermarkets
  • Hypermarkets
  • Modern stores
  • Specialty stores
  • Discounted stores
  • Online stores
  • Others

By price, the travel bags market is segmented into

  • Premium
  • Medium
  • Low (generally highly fragmented local brands)

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Mason Jars & Canning Supplies Market New Technological Development Projecting Massive Growth till 2030

The global mason jars are extensively utilized for food packaging and other consumer goods. Home canning is one of the most effective and popular ways to prevent bacterial growth and preserve food.

In contrast to other jars such as mayonnaise jars, salad dressing jars, and other jars, mason jars are more preferred by the consumer due to their durability. The global mason jars& canning supplies market enjoys a huge customer base, and have the requirement, across nations.

Mason Jars are often utilized as decorative items, for drinking, or even to hold candles. Furthermore, utilizing bulk food canning supplies reduces prep time and save costs while keeping the fresh taste of vegetable and fruits intact year-round. Thus, the outlook for the global mason jars & canning supplies market is anticipated to stay majorly lucrative, during 2020-2030.

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Mason Jars & Canning Supplies Market – Key Trends

Growing awareness concerning the home canning process efficiency, the requirement for mason jars & canning supplies is anticipated to increase, amid the customers.

Another vital factor that directs towards the rise in demand of the mason jars & supplies market is its consistent volume and consistent shape which affects the heating rate of the food in the jar. It is time-consuming to heat the coldest point of the food to the wanted temperature in bigger volume jars than it does in small volume jars.

Another aspect that prompts the rise in need for mason jars & canning supplies is their durability. Mason jars are prepared for heavy glass due to which there is less breakage chance. The canning process could be performed in the metal containers in addition to mason jars.

On the other hand, there is a noteworthy inclination for mason jars, as metal jars might be used only once, whereas mason jars can be utilized numerous times for the canning process. This is one of the imperative factors which are anticipated to fuel the need for mason jars & canning supplies.

Mason Jars & Canning Supplies Market – Growth Restraints

In spite of the favorable conditions for stable growth of the global mason jars & canning supplies market, certain aspects can impede the growth. These incorporate growing preference for ready-meals and increasing implementation of the ‘on-the-go’ lifestyle. Additionally, the rubber seals on the lids absorb and retain odors which might discourage sales in the global market.

COVID-19 Impact on Mason Jars & Canning Supplies Market

The mason jars and canning supplies market is projected to witness checkered growth throughout 2020 due to the unprecedented supply chain disruptions triggered by the COVID-19 outbreak globally. The anticipated decline in the global sales of mason jars & canning supplies is due to massive supply chain disruptions all over noteworthy export markets. However, the market is set to recover with the growing popularity of online sales.

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Mason Jars & Canning Supplies Market – Region-wise Analysis

North America is likely to account for the highest share in the global mason jars market during the assessment period owing to the presence of major market players. The Asian region is likely to see the maximum growth of the mason jars and canning supplies market and quickly growing population with an urban lifestyle.

The MEA (the Middle East & Africa) is also projected to achieve development throughout the assessment period. Europe will be recording a comparatively slower growth than the Asian region.

Mason Jars & Canning Supplies Market – Competitive Analysis

Major players operating in the global mason jars & canning supplies market include Fillmore Container, The Jar Store, Plasdene Glass-Pak Pty Ltd., Ball Mason, and Kerr. Manufacturers will be engaged in enhancing the production process and focusing on offering new innovative products.

Presto has launched 01781 23-Quart Pressure Cooker and Canner, which can be utilized as a water bath canner for tomatoes or pickles, as well as a pressure canner for non-acidic foods such as meats, soups, and non-acidic vegetables.

Global Mason Jars & Canning Supplies Market: Key Players (this is an indicative list – full list of key players available upon request)

  • Cambridge Silversmiths
  • Crate and Barrel
  • Farberware
  • J.A. Henckels
  • Kate spade
  • Oneida
  • Towle
  • Wallace
  • WMF
  • Multifunction Tools & Knives
  • Hunting & Survival Knives
  • Zwilling JA Henkels
  • Wusthof
  • Shun
  • Myabi
  • F. Dick
  • Victorinox/Forschner
  • Global
  • Shun
  • Messermiester
  • MAC
  • Mcusta

Regions and Countries Analyzed in the Report

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Mason Jars & Canning Supplies Market – Market Segmentation

By Capacity

  • <4 oz
  • 4 oz – 8 oz
  • 8 oz – 12 oz
  • > 12 oz

By Types of Canning

  • Traditional
  • Quilted
  • Spiral
  • Aqua
  • Amber

By Application

  • Household
  • Public Consumption Restaurant
  • High-end Restaurant

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Contact Us:

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Machine Safety Market High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2031 

According to Future Market Insights, the global machine safety market will be worth US$ 4.8 billion in 2020. (FMI). The global machine safety market is expected to reach US$ 9.4 billion by 2031, growing at a 6.4% CAGR. According to another Future Market Insights report titled “Machine Safety Market: Global Industry Analysis (2016-2020) and Opportunity Assessment (2021-2031),”

This growing income growth is attributed to the consistent development of new machine safety equipment, which is also assisting the market’s development. The presence of unmistakable market members such as Honeywell International Inc., Rockwell Automation, Inc., ABB Group, and others suggests that the United States will be a significant market in the overall machine safety market. China and India, both emerging Asia Pacific economies, have enormous market potential.

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Global Machine Safety Market: Restraints

  • Complexities in fulfilling environment health and safety regulations
  • Increasing competition for machine safety product manufacturers leading to a need to maintain quality at low cost
  • Lack of awareness about machine safety especially in the developing countries of Eastern Europe such as Bulgaria, Hungary, Poland, and Romania
  • Insufficient testing equipment and laboratories for machine safety equipment
  • Functioning of industries on low operating margins, especially in the APEJ region
  • Availability of counterfeit products in the global market
  • Lack of understanding of machine safety applicability

Global Machine Safety Market: Forecast by Region

North America and Western Europe were the dominant markets in 2016 in terms of revenue sales of machine safety equipment. Countries in North America and Western Europe such as the U.S., the U.K. and France are expected to be key markets for sustainable revenue generation in the global market.

New innovations in products are expected to remain as the key strategy for players in this market to increase their sales growth. In terms of value, Western Europe is projected to be the most attractive market in the global machine safety market during the forecast period. In 2017, the market in Western Europe is estimated to be valued at US$ 662.1 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

Global Machine Safety Market: Forecast by End Use Industry

By end use industry, the market is segmented into automotive, food & beverages, packaging, material processing, pharmaceuticals, electronics & semiconductors and others. The automotive segment is expected to witness a high market attractiveness index over the forecast period. This segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 8.6% during the forecast period.

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Global Machine Safety Market: Forecast by Product Type

Product type includes emergency stop control, safety sensors, safety interlock switches, programmable safety system, safety modules and others. Safety interlock switches segment is further sub segmented into electromechanical (Keyed & Unkeyed), hinged pin, limit, non-contact, tongue, and trapped key. Non-contact segment is sub-segmented into RFID, hall, and REED. Safety sensors segment remains the key segment and is estimated to account for over 20% of the revenue share in the global machine safety market by 2017 end.

Machine Safety Market – Competitive Landscape

Some of the key companies in the global market for machine safety that have been profiled in detail in this report include Honeywell International Inc., ABB LTD., Rockwell Automation, INC., Mitsubishi Electric Corporation, Schneider Electric S.A., Eaton CORP. PLC, Datalogic S.p.A., OMRON Corporation, SICK AG, K. A. Schmersal Gmbh & CO. KG., and elobau GmbH.

Companies operating in the market are aiming at innovation and strategic partnerships with other vendors in order to expand their portfolio of services while addressing the demand from an expanding customer pool. For instance:

  • In October 2021, OMRON Corporation announced the launch of its new inspection system, the VT-S10 Series. The new inspection system makes use of artificial intelligence and imaging technology in order to automate high-precision processes for PCB sub-assemblies, thereby eliminating the need for specialist operator skills. The newly launched system shall help in ensuring the security and safety of the production.
  • In June 2019, Schneider Electric, announced the launch of Smart Factory in the US, in order to exhibit how its EcoStruxure architecture and related suite of offerings can reduce costs for its customers and support increasing operational efficiency.

Market players are also focusing on entering into partnerships with other solution providers to target new innovations within the market. The strategy helps companies to broaden their geographic reach with additional service portfolios.

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Machine Safety Outlook by Category

By Component:

  • Presence Sensing Safety Sensors
  • Safety Interlock Switches
  • Programmable Safety Systems
  • Safety Modules
  • Emergency Stop Controls
  • Others

By Industry:

  • Automotive
  • Food & Beverages
  • Packaging
  • Material Processing
  • Pharmaceuticals
  • Electronics & Semiconductors
  • Others

By Region:

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

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.

Contact:

Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
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Small Space Furniture Market to Achieve A High CAGR During Forecast Period -2030

In today’s world, small space living has emerged as the new normal. As urbanization gathers momentum, the need for urban housing is surging rapidly. By 2050, over 6 billion people will reside in urban dwelling, with a major chunk of this population being concentrated in cities across the developing world.

Against this backdrop, the nature of housing is bound to undergo a metamorphosis. The trend of studio apartments and small-sized houses is already widespread in countries such as Japan and Singapore.

Consequently, the demand for small-space furniture has witnessed a major upsurge and will remain on a high pedestal during the 2020-2030 forecast. Small-space furniture is manufactured using a range of materials such as glass, wood, leather and plastic.

Wood is anticipated to acquire major traction, generating substantial revenue throughout the upcoming decade’s forecast. Wooden furniture is extremely durable, requires minimum maintenance and prevents undesired deterioration through rot and decay.

Most of this furniture is portable, thus making it easier to accommodate more space for navigation and movement within the house. Going further, small space furniture is also touted as a frontrunner of sustainable living.

Small space furniture typically includes foldable beds, retractable and mounted tables, island kitchens, ottomans, foldable kitchens, compact coffee tables, wardrobes, portable book shelves and expanding tables to name a few.

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Small Spaces Necessitate Smart Solutions- Credible Developments Underway to Design Smart Small Space Furniture

As apartment sizes shrink, the nature of furniture demanded is also shrinking. As a result, manufacturers are increasingly seeking to introduce solutions to address the problem of small spaces. Therefore, the concept of multifunctional furniture and transformable rooms have acquired precedence.

For instance, a table and chair can serve a dual function of offering seating while working or dining. When not using them, these tables and chairs can serve as a bookshelf or storage drawers as well.

With respect to transformable rooms, arrangements such as convertible beds and sofa are becoming increasingly common.

Also, modular couches are becoming highly popular. As space constraints increase, high demand for flexible furniture has bolstered demand for portable sofas, beds and dining furniture.

These add a high degree of versatility, permitting individuals to alter the room layout for different purposes. They also come in different designs, appealing to consumers’ aesthetic indulgences.

Wooden Furniture to Hold Sway across the Forecast Period, Steel Furniture Remains Most Preferred Option

Wood is anticipated to acquire major traction, generating substantial revenue throughout the upcoming decade’s forecast. Wooden furniture is extremely durable, requires minimum maintenance and prevents undesired deterioration through rot and decay.

They do so by secreting natural oils as effective barriers against external agents. Moreover, they impart antiquity to the house. However, steel furniture is anticipated to remain the dominant choice in terms of small space furniture material. High corrosion resistance and robustness are the key drivers behind its surging popularity.

Additionally, it imparts a modern outlook to the home environment. It is also very environmentally friendly as steel can be easily recycled.

Demand for Residential-Grade Small Space Furniture to Upsurge

As rent prices are skyrocketing, people, especially millennials, are seeking inexpensive accommodation facilities. This often involves compromising on the living space, which compels them to seek smaller houses.

Against this backdrop, sales of small space furniture are expanding manifold since the past few years. This has accelerated sales of smart furniture as well.

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Expansion is also underway across the commercial sector. Just like residences, offices, hotels, restaurants and other commercial settings are becoming increasingly remote.

This is happening in order to reduce overhead costs in terms of rent and maintenance. Rising demand for more office space is expected to bode well for the commercial segment.

E-commerce to Emerge as the Frontrunner in Small Space Furniture Marketing

Offline sales channels have largely dominated the furniture landscape, with consumer preferring to visit specialized furniture stores. These stores enable consumers to experience first-hand the quality and feel of the different materials used in constructing them.

Moreover, effective after-sales services are attracting more buyers, thus heightening their revenue prospects.However, with the proliferation of the internet, consumers are becoming digitally empowered. Access to smartphones and other hardware devices make shopping easier, leading to a major tilt in consumer purchasing behavior.

This has prompted manufacturers to open their own online portals or partner with leading retail platforms to remain afloat in the market.

Asia-Pacific to Emerge as the Kingpin of the Global Small Space Furniture Market

The Asia-Pacific region is home to 3/5th of the global population, around 4.3 billion people. Most of them reside in China and India. By 2050, this number is forecast to climb to 5 billion. Consequently, the demand for housing and construction is bound to accelerate, pushing up demand for household furniture.

With such a large population base, small-space living is acquiring significant ground. People prefer to reside in studio apartments or two-bedroom flats. Owing to the space constraints, investments in small-space furniture such as foldable beds and multi-purpose tables have gathered momentum in this region.

COVID-19 Accelerates Online Furniture Sales, Conventional Retailing Witnesses Drastic Dip

The novel coronavirus pandemic has adversely impacted the global economy, forcing businesses to enter into a hiatus for an indefinite time period. As governments continue to impose restrictions, the global small space furniture market is headed towards a prolonged depression. A resurgence is not anticipated anytime soon.

With calls for maintaining social distancing, visits to furniture stores has dramatically fallen, leading to a dip in sales. This has majorly affected revenue inflow and disrupted profit margins of prominent players, as they are left with unsold inventory in their retail outlets. This is forcing them to incur depreciation costs.

Fortunately, manufacturers have found a way around this and have been working to effectively leverage online retailing platforms. Prominent manufacturers are forging partnerships with Amazon, Flipkart, Alibaba and e-Bay to market their products.

Global Small Space Furniture Market- Competitive Landscape

The global small space furniture market is characterized by the presence of multiple players, rendering is highly competitive in nature. Some prominent players include IKEA, Walmart, Target Corporation, Crate & Barrel, HomeLane, Godrej Interio, Apt 2B, Joss & Main and Wooden Street among others.

These players are investing in providing small space solutions across different geographical regions. For instance, IKEA offers its kitchen island solution, comprising of four cabinets measuring 30 cm and 80 cm respectively, a custom-cut work top and a rolling trolley. This ensures that users have an enjoyable working experience as well as save space.

The company also offers smart bathroom-cum-laundry solutions in the form of stackable SORTERA bins and an adjustable drying rack in the shower or above the bathtub, thus eliminating the need to acquire a separate laundry spot. Other solutions involve a walk-in closet within a bedroom and an all-purpose living room.

Small Space Furniture Market- Prominent Players

  • IKEA
  • Crate & Barrel
  • Wooden Street
  • HomeLane
  • West Elm
  • Godrej Interio
  • Resource Furniture
  • Pottery Barn
  • Ethan Allen
  • Design Within Reach
  • Apt 2B
  • Etsy
  • Joss & Main
  • Walmart
  • Urban Outfitters
  • Target Corporation

Region/Country

  • North America (US & Canada)
  • Latin America (Brazil, Mexico & Rest of Latin America)
  • Europe (EU-5, Russia, Poland & Rest of Europe)
  • Asia-Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand & Rest of APAC)
  • Middle East & Africa (GCC, Northern Africa, South Africa & Rest of MEA)

Small Space Furniture Market- Segmental Analysis

By Furniture Type

  • Chairs
  • Tables
  • Sofa
  • Cupboards
  • Beds
  • Others

By Material

  • Metal/Steel
  • Wood
  • Glass
  • Leather
  • Plastic

By End-Use

  • Commercial
  • Hotels
  • Office
  • Others
  • Residential
  • Living Room
  • Kitchen
  • Bedroom
  • Outdoor
  • Others

By Distribution Channel

  • Offline Channels
  • Online Channels

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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Baby Bouncers Market : Global Industry Analysis and Opportunity Assessment 2030

The global baby bouncers are soft and comfortable bassinets fixed over plastic or metal frame which bounces with the movement of the baby. Baby bouncers are amongst the useful baby products in their early stages of development, as they provide a safe and secure environment in the absence and presence of parents.

A substantial portion of the parents and caretakers across the globe are preferring baby bouncers for child’s seating and sleeping arrangement owing to its portability, ease of usage and lightweight outlook.

Moreover, these baby bouncers comfortably provide full support to the baby’s entire body and allowing them to recline with ease in a comfortable position.

In addition to this, baby bouncers make it easier for adults and siblings to interact with the babies. All these factors are likely to strengthen the baby bouncers market growth during the forecast period. Overall the global viewpoint for the baby bouncers market is anticipated to remain positive during the forecast period.

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Baby Bouncers Market: Dynamics

Today’s parents have become more aware and conscious about the overall physical growth of the child in the initial stages. Owing to this, they are ready to spend more on child safety products and devices. When the baby kicks, the seat of baby bouncer responds with springy up and down motion.

This feature not only satisfies the baby’s desire for movement but also helps the baby to develop necessary muscles for crawling. Rising demand for such child comfort products among the parents for the complete physical growth of their child is ultimately fuelling the baby bouncers market growth significantly.

Moreover, manufacturers of baby bouncers are providing baby bouncers with the added features such as battery-operated music boxes and vibration features which helps in overall relaxation experience. Such innovations in baby bouncers are anticipated to be a significant aspect behind the future growth of the baby bouncers market.

However, lack of awareness and low money spend on baby care products in underdeveloped regions are amongst the key restraining factors which might inhibit the growth of the baby bouncers market considerably.

In addition to that, the spread of COVID-19 has limited the production of baby care products including baby bouncers due to lockdowns and absence of employees and workers in manufacturing plants.

Thus, the market is likely to experience a downward trend for the coming two to three quarters but is estimated to quickly recover and return to its growth trend post-2020. Overall, the global baby bouncers market is projected to expand with remarkable CAGR during the forecast period.

Baby Bouncers Market: Regional Outlook

The North America region is projected to be a momentous shareholder of the global baby bouncers market and anticipated to experience the steady market growth during the upcoming years. High spending on consumer goods and baby care products in this region are contributing considerably to the market growth.

In Europe, countries such as Germany, Spain, and the U.K. are projected to remain at the forefront in terms of the market share of baby bouncers throughout the forecast period.

East Asia is expected to create enormous growth opportunity for baby bouncers market and likely to expand with the notable growth rate in coming years.

An adequate presence of baby bouncers manufacturers, a vast consumer base, and their growing spend on baby products, in this region, is likely to generate notable demand for baby bouncers during the forecast period.

China is expected to be highly attractive regarding market share & growth rate of baby bouncers market in the next decade. Furthermore, increasing childbirth rate and penetration of the E-commerce industry in South Asian countries are also promoting baby bouncers market growth to a significant extent.

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Baby Bouncers Market: Key Players

  • Zhongshan City Togyibaby Co., Ltd
  • BabyBjorn AB
  • Cuteably Baby Bouncers
  • Suzhou Harari Baby Products Company LTD
  • Mothertouch Baby Products LLP
  • New Natraj Industries.

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, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Regional Analysis Includes

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

Baby Bouncers Market: Segmentation

On the Basis of Design

  • Foldable
  • Non-Foldable

On the Basis of Sales Channel

  • Manufacturers
  • Distributors
  • Retailers
  • Hypermarkets
  • Speciality Stores
  • Warehouse/wholesale clubs
  • e-retail

On the Basis of Price

  • Premium
  • Mid-range
  • Economic

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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