Market Research Blog – Page 9466 – New Product Development

Baby Personal Care Products Market Is Expected to See a Growth of 6.5% | Future Market Insights, Inc.

The global baby personal care products market size is predicted to show moderate growth signs with a CAGR of 6.5% during the forecast period.

According to a Future Markets Insights analysis, the growing demand for baby personal care products is here to stay despite the COVID-19 pandemic’s effects on the world economy (FMI). Along with the increased concern about baby skin care routines, recent launches in the luxury product category and personalization based on demographics are anticipated to be the primary market drivers. In a recent analysis released by FMI, it was predicted that the market for infant personal care products would expand at a CAGR of 6.5 percent from 2022 to 2032, reaching a market value of 89 billion (US) dollars by the end of the forecasted year.

Market for baby personal care products always had a conventional customer base for personal hygiene products like diapers. However, a spike in the demand for premium products like wipes and training pants is witnessed, especially in the developing countries. This new trend has opened up a wide range of market penetration opportunities and potential for innovations in the segment for the manufacturers.

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Although skin care products enjoy the number one position in the baby personal care products market, other categories like oral hygiene and hair care products are gaining popularity.

In addition to this, increase in market potential and opportunities due to these trends is getting a huge push by the growing demand for organic and natural products. Thus giving a whole new area for manufacturers to explore and find niche.

FMI’s report provides a comprehensive overview of the market, covering important market dynamics.

Key takeaways from the report:

Market players are focusing on bringing innovative products, keeping in mind the demands of the consumer
Focus on products with ingredients that are natural and non-toxic is going to be the future of the baby personal care products industry
Online sales channels are seeing an upper hand over conventional stores, owing to the restrictions put forth by the pandemic
Skincare is gaining prominence, while personal hygiene products account for a sizeable share
Europe is going to be the largest market for premium products throughout the forecasted period
Developing countries are emerging as the potential market for baby personal care products

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Steady Growth Expected Despite COVID-19

As the world came to a standstill with lockdowns imposed by the governments across the world, the impact on the market of baby personal care products was significant. Retail channels being one of the worst hit due to shortage of labor and transport restrictions, major reliance on E- commerce was the only way to move ahead.

The lockdown has forced industries and online service providing platforms to join hands in order to cater to the customers. In a way, e – commerce has come to the rescue by redefining commercial activities globally.

Meanwhile the segment of population that was not open to online shopping has also shown its willingness to adapt during these turbulent times.

The lack of transport facilities in the beginning of the lockdown have left a dent in the baby personal care products market. However, experts believe that market is going to recover soon with restrictions being lifted by governments in phases across the world.

“As the industry recovers from the effects of pandemic on its business, focus on premium products and bringing in new range of organic and 100 % natural products will shape the market in a positive way in the near future” quotes a lead analyst at FMI.

Who is winning?

Some of the market players featured in the baby personal care products report are Me n Moms Pvt. Ltd., Klee Naturals, Tubby Todd Bath Co., Hindustan Unilever Limited, Johnson & Johnson, L’Oreal, Kimberly Clark, Colgate-Palmolive, Beiersdorf AG, Shiseido, Ontex Group, Biotique, Himalaya Global Holdings Ltd., Weleda Inc., The Clorox Company (Burt’s Bees), Babylist Inc. (Earth Mama Organics), among others.

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Product launches will remain a key strategy adopted by market players to gain competitive advantage. The baby personal care products industry holds immense potential globally. Companies are introducing products which satisfy the kids as well as the adults. The reason being, products that are healthy and safe top the list for adults and products that are fun and attractive appeal to the kids.

For instance, Tree –Free baby wipes by Caboo are made from bamboo spun lace and are rich in vitamin E, chamomile flower and aloe Vera leaf. While this gives the baby a soothing touch, it also gives the adults satisfaction to adults of doing their tiny bit for the planet.

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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Collaborative Robots Market expanding at a staggering CAGR of 26% over the forecast period 2022-2029

The global Collaborative Robots Market is estimated to top US$ 1.71 Bn by the end of 2022. Introduction of advanced robots capable of working with humans in areas like smart parts assembly and electronics component production and assembly are fueling the demand for collaborative robots.

A new market research study by Future Market Insights on the Collaborative Robots Market contains global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the collaborative robots market and provides critical insights for the forecast period of 2022-2029.

As per the findings of the report, the global collaborative robots market is anticipated to experience substantial growth over the forecast period due to multiple driving factors such as, growing adoption of automation in end-use industry and reduction in labor cost coupled with high precision work and high regional demand for collaborative robots.

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The East Asia Market Creating Significant Growth Opportunities

East Asia region is projected to boost the growth of collaborative robots market, owing to the significant rate of automation across industries. South Korea is the leading country in robots per 10,000-person ratio, whereas China has currently registered the highest growth rate in the same ratio. Inclination of these countries towards collaborative robots fueled with significant innovations in the technology is magnifying the market. Japan holds a major share of the market in the East Asia region. To that end, East Asia is expected to generate substantial growth opportunities in the forecast years.

Affordable Price and Multitude of Applications of Collaborative Robots Contributing to the Market Growth

The global collaborative robots market has been segmented based on the different types of payload capacities, their multiple applications, end use industry and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.

Collaborative robots with payload capacity up to 5kg is projected to have the dominant share of growth in the upcoming years. Lightweight collaborative robots with payload capacity up to 5kg are being widely used for a range of applications. The segmental growth is followed by 5-10kg payload capacity collaborative robots.
On the basis of application, material handling is expected to hold a majority share of the global collaborative robots market which is implemented in a number of end-use industry. General assembly is another segment which is projected to have a fair share in the market growth.
Electronics and Semiconductors industry is projected to have significant share in the global collaborative robots market. Demand for high speed and precision work fulfilled by collaborative robots is benefitting the industry on a large scale.

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How is the Surge in Demand for Automation in Industrial Processes to Favor the Collaborative Robots Market Growth?

As the fourth industrial revolution ‘Industry 4.0’ is set to take the entire manufacturing and supply chain by storm, industrial players are increasingly adopting efforts to increase their productivity, decline production time, and improve resource utilization through the integration of advanced technologies.

Increasing cost of labor even in traditional low-cost carrier (LCC) countries such as China and India is further encouraging manufacturing companies to adopt advanced automated technologies, especially across automotive and electronics sectors.

As collaborative robots enhance the pace of production and decline repetitive labor costs, they are increasingly gaining popularity in applications such as welding, painting, quality testing, and material handling among others, which is in turn, propelling the demand in the market.

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Collaborative Robots Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global collaborative robots market. Few examples of key players in the market are Universal Robots A/S, AUBO Robotics, Denso Wave Incorporated, Fanuc Corporation, Stäubli International AG, Robert Bosch GmbH, KUKA AG, Precise Automation, Inc., ABB Group, Yaskawa Electric Corporation and K2 Kinetics among others. The global collaborative robots market is significantly dominated by some players holding prominent shares of the market. These players are indulging into strategic alliances, collaborations, mergers and acquisitions. For instance, ABB Group announced a collaboration with Kawasaki Heavy Industries Ltd. to share knowledge and are working on joint technical and awareness opportunities.

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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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Burn Care Market Worth US$ 3.17 Bn by 2030 at a CAGR of 8% | FMI

The burn care market size players need to focus on offering safer, cost-efficient products to gain a competitive edge, according to a new report by ESOMAR-certified market research firm Future Market Insights. Burn Care Market is anticipated to witness a considerable CAGR of ~8% by value during the period of 2022 and 2030, And projected to reach 3.17 USD billion by 2030.

Key takeaways from the report include,

Global revenues are set to surpass US$ 3.2 billion by end of 2030
Topical burn medications – burn creams, gels, ointments, and others – are expected to account for more than 80% of market value
Hospitals and clinics are collectively poised to hold over 4/5th of market value, backed by high preference among consumers due to reimbursement schemes
On the basis of severity, first-degree burns are expected to hold more than half of the market share, ascribed to the high prevalence of mild injuries in residences.
Asia Pacific will remain a lucrative market, accounting for over 50% market share

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“Market players are focusing on enhancing their portfolios through R&D or by acquiring existing players,” remarks FMI analyst.

The incidence of burn injuries remains a cause of concern across the world, especially in low- and middle-income economies. According to the estimates of the World Health Organization, over 180,000 people succumb to burn injuries every year, with the incidence being majorly concentrated in low- and middle-income nations, which continue to forefront market growth.

Similarly, mortality among children is seven times higher in low and middle-income countries than high-income countries, with WHO estimating nearly 1,73,000 children suffering moderate or severe burns in Bangladesh every year. Owing to this, healthcare institutions and governments are focusing on raising awareness among people concerning the importance of seeking care in case of burns to avoid complications.

By the same token, several organizations and governments are issuing guidelines on burn management and are setting up burn care centers, thereby giving a boost to the market growth. Similarly, the healthcare infrastructure in emerging economies has developed remarkably in the recent past, ascribed to increased Foreign Direct Investments (FDIs), thus facilitating better treatment.

COVID-19 Impact on Burn Care Market

The outbreak of COVID-19 is expected to hinder the growth of the market on the back of several consequences. Primarily, the implementation of nation-wide lockdowns in several nations and the subsequent closure of industries has reduced workplace fire accidents, thereby lowering the demand for burn care products.

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On the other hand, disruption of supply chains coupled with high demand for other essential medical products has compelled manufacturers to shift their focus towards essential products. Although they capitalize on the demand for other products, the demand for burn care products will experience downtrend through the pandemic.

Who is Winning?

Key burn care market players are adopting the expansion of product portfolio and acquisitions as key growth strategies. Likewise, new product development and R&D activities have also been identified as crucial strategies to strengthen foothold. On these lines,

In 2017, Derma Sciences acquired Comvita Ltd’s MEDIHONEY brand to enhance its product portfolio of advanced wound care.
In 2018, Acelity L.P., Inc. acquired Crawford Healthcare to expand its product portfolio in wound care

FMI’s report includes profiles of some of the most prominent names in the market including Coloplast A/S, Smith and Nephew Plc, Safe n Simple, LLC, Derma Sciences Inc, Dynarex Corporation Acelity LP, Mölnlycke Health Care, ConvaTec, Inc., Cardinal Health Inc., De Royal industries, Inc., Medline Industries, Boiron USA, Johnson & Johnson Consumer, Inc., Areza Medical, and Acme United Corporation (First Aid Only) among others.

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Residential Robotic Vacuum Cleaner Market totaling a market valuation of ~US$ 9.7 Bn by 2032

The global residential robotic vacuum cleaner market is expected to bolster throughout the estimation period from 2022 to 2032 with an impressive CAGR of 14.6%. The global market is anticipated to hold revenue of US$ 4034.5 Million in 2022 and cross a valuation of US$ 15,709 Million by 2032. As per the historic forecast ranging from 2017 to 2021, the global residential robotic vacuum cleaner market is expected to register a robust CAGR of 10.6% between 2017 and 2021, valued at 3551 million in 2021.

As per the FMI’s study on the residential robotic vacuum cleaner market, it has been shown that the demand for robotic vacuum cleaners has significantly risen due to the emergence of advanced technology and efficient cleaning.

The robotic vacuum is also known as Robovacs, which comprises intelligent sensors and various other advanced features in order to ensure a clean and tidy household. Attributing to the growing urban households has increased the sales of residential robotic vacuum cleaners.

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The Covid-19 pandemic has fueled the demand for residential robotic vacuum cleaners due to people being restricted to their houses and working from home. The end users have also become more aware of the importance of hygiene and cleanliness due to surging covid-19 cases. Because of the pandemic, people are now more concerned about their lung health since several covid patients have undergone severe conditions post-infection, fueling the demand for residential robotic vacuum cleaners.

Key Takeaways

Owing to the rising awareness about hygiene post-Covid-19 outbreak combined with rising pollution levels and higher density of dust particles in the air has fueled the sales of the residential robotic vacuum cleaner.
According to various research, it is predicted that the future of the residential robotic vacuum cleaner market looks fruitful. This is possible because of the emergence of the latest sensor technology combined with the automation of indoor services. These factors are expected to surge growth in the market in the future.
Growing urban settlements paired with sluggish lifestyles have led people across urban areas to adopt residential robotic vacuum cleaners. In addition to that, high-tech features and robotics under the industries 4.0 go well with the need for convenient lifestyle shifts and are gaining traction in the market, fueling the sales of residential robotic vacuum cleaners.
The demand for better air quality is yet another reason responsible to push sales in the market. Global health concerns such as air pollution are taken into consideration by people in the higher or upper-middle-class strata. In order to prevent these diseases, new experiments and innovative research has been done. Residential robotic vacuum cleaners are one such example.
The rising prevalence of the quality of indoor air has been given recently due to improving lifestyles in developing regions, busier daily schedules, and lack of time for household chores are identified to be the key factors that will continue to create the demand for residential robotic vacuum cleaners. Furthermore, surging disposable incomes in dual-income houses are immensely contributing to the sales of vacuum cleaners across the globe.

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Competitive Landscape

Prominent market players are focusing on innovating their products. Due to the higher competition in the market, new start-ups are drastically opting for problem-solving skills with the help of artificial intelligence platforms while simultaneously enhancing the performance of these cleaners through Nanotechnology.

More Insights into the Residential Robotic Vacuum Cleaner Market

The European market is predicted to hold the maximum market share owing to the higher income levels in European countries combined with changing climate and rising pollution levels in Europe.

The Asia Pacific region is anticipated to create lucrative opportunities for the global residential robotic vacuum cleaner market attributed to the hike in pollution levels in these countries. Over the past few years, countries like India and Japan have witnessed rising cases of lung diseases such as asthma and other allergies due to the increased number of dust particles in the air are fueling the sales of residential robotic vacuum cleaners in the region.

Indian market is also set to exhibit phenomenal growth in the global residential robotic vacuum cleaner market landscape with the highest CAGR of 20.8% between 2022 and 2032 while Japan thrives at a significant CAGR of 11.2%.

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Key Segments

Based on robot type, into:

In-house robot
Outdoor robot

Based on mode of charging, into:

Manual charging
Auto battery charging

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Table of Content

1. Global Residential Robotic Vacuum Cleaner Market – Executive Summary

2. Research Methodology

3. Assumptions and Acronyms Used

4. Global Residential Robotic Vacuum Cleaner Market Overview

4.1. Introduction

4.1.1. Global Residential Robotic Vacuum Cleaner Market – Taxonomy

4.1.2. Global Residential Robotic Vacuum Cleaner Market – Definition

4.2. Global Residential Robotic Vacuum Cleaner Market Size (Value & Volume) and Forecast

4.2.1. Global Residential Robotic Vacuum Cleaner Market Y-o-Y Growth

4.2.2. Absolute $ Opportunity

4.2.3. Absolute Unit Opportunity

4.3. Global Residential Robotic Vacuum Cleaner Market Dynamics

4.3.1. Drivers

4.3.1.1. Impact Analysis of Drivers

4.3.2. Restraints

4.3.2.1. Impact Analysis of Restraints

4.3.3. Market Trends

4.3.4. Global Residential Robotic Vacuum Cleaner Market Evolution

4.4. Global Residential Robotic Vacuum Cleaner Market Snapshot (2022)

4.4.1. Market Size (Value & Volume) Snapshot (2022)

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Elevator and Escalator Market 2022 Expectations & Growth Trends Highlighted Until 2032

ompanies operating in the elevator and escalator market are focusing on cutting-edge technologies to make their products safer and eco-friendly, finds Future Market Insights (FMI) in a recent study. Elevator and Escalator Market registering Y-o-Y growth of 6.6%. The market is projected to increase at a CAGR of 4.5% and attain a valuation of US$ 100.12 Bn by the end of 2030.

Some of the leading companies are incorporating IoT technologies in connected elevators and escalators. This has allowed them to control various parameters such as load capacity, frequency of usage, and others. Such technological improvements are expected to bode well for the overall market.

According to FMI, the elevator and escalator market is anticipated to witness growth of ~4.5% CAGR during the forecast period from the year 2020 to 2030.

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Infrastructural development witnessed across the world, besides increase in population is encouraging growth in the construction industry. This has been creating growth opportunities for the elevator and escalator market. Despite requiring expert handling and maintenance expenditure, the demand for elevators and escalators are projected to increase further in the coming years.

The recent COVID-19 outbreak has resulted in declining market growth. However, several factors are expected to drive the elevator and escalator market during the forecast period.

FMI offers an exhaustive overview of the elevator and escalator market along with its potential, growth drivers and restraints.

Some of the key takeaways from the report are highlighted below-

Product-wise, elevator is expected to lead the market followed by escalator during the forecast period
Load type-wise, passenger segment will exhibit hegemony in the coming years
New system installation type is set to gain traction in the global market
Commercial end use segment is projected to exhibit highest growth followed by the residential segment throughout the forecast period
New-age IoT technology will cater to the steady market growth in the near future
East Asia elevator and escalator market will maintain the lead while emerging as the highest growing market among all other regions

“As the building and construction industry is expanding rapidly, the demand for elevators and escalators is rising higher. To capitalize on prevailing opportunities, market players are launching novel cutting-edge technologies that offer more sophisticated functionalities in elevator and escalator. This is anticipated to create lucrative growth opportunities for the market in the coming years,” says an FMI analyst.

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COVID-19 Impact Analysis

The elevator and escalator market growth has been declining due to the novel coronavirus outbreak. As consumers have shifted their focus more on emergency services such as medical, diagnostic, pharmaceutical and others instead of building and construction sectors, the market growth rate has fallen temporarily.

Added to this, the factors such as non-operational manufacturing units, unavailability of labours, scarcity of raw materials, disruptive supply chain and logistics sector, financial crisis, job recession, and others have slowed down the progress of market.

According to FMI, the elevator and escalator market is set to recover by the first quarter of the year 2021.

Who is Winning

As the elevator and escalator market potential is rising steadily, the key market players are focusing on launching advanced designs to gain competitive edge. For instance, DOPPLER S.A. has launched their DOPPLER Lift Hygiene Solutions equipped with air sterilizer using UV photo catalyst sterilization and UV antibacterial light disinfection system in 2020.

Kone Corporation has launched Kone Health & Wellbeing Solutions for Elevators and Escalators which include escalator handrail sanitizer, elevator remote call using whatsapp, elevator air purifier, and others in June 2020.

Some of the leading companies operating in the market are DOPPLER S.A, Kone Corporation, Orona Group, EMAK Elevator, Sanyo Elevator (Zhuhai) Co., Ltd, and others.

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More Valuable Insights on Elevator and Escalator Market

In the latest report by Future Market Insights, we offer a detailed unbiased analysis of the global elevator and escalator market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2020-2030.

In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of product type (elevator (hydraulic, traction, machine room less, vacuum), escalator (step type, belt type, cleat type, spiral)), load type (passenger, freight, observation, others), installation (new system installation, retrofit), end use (residential (low rise building, mid rise building, high rise building), commercial (hotels, airports, subway stations, commercial complexes, offices & institutions, industrial), hospital, infrastructure & construction, transportation & logistics), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

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Transmission Components Market is projected to grow at a CAGR of 5.3% from 2022 to 2032

The global transmission components market is estimated to grow at a CAGR of 5.3% during the forecast period from 2022 to 2032. The market is projected to reach a valuation of US$ 80,279.2 Mn by the end of 2032 from US$ 47,966.7 Mn in 2022. Development of advanced electrical line infrastructure in emerging countries is anticipated to propel the global transmission components market during the forecast period.

Electricity transmission and distribution networks, as well as electrification projects, are being supported by various governments due to the rising global electricity demand and growing emphasis on expanding the installed capacity of renewable energy sources. Due to these plans and investments, as well as investments made to replace aging electric infrastructure in various regions, there will likely be an increasing demand for transmission components.

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Growing requirements for protective devices to limit the voltage load on an equipment and increasing development of new power grids to reduce energy losses are bolstering the demand for transmission components. Increasing demand for electricity from industrial, commercial, and residential sectors, as well as growth in the production of electricity from renewable sources is anticipated to enhance the electric infrastructure all over the globe.

This is further expected to increase the demand for transmission components in the next ten years. Increasing government expenditure to supply electricity to rural areas, as well as growing emphasis on commercial facilities operating in harsh weather conditions with high lightning strikes, will drive the demand for residential and commercial transmission components forward.

Key Takeaways from Transmission Components Market Study

By product type, the switches segment is expected to witness a CAGR of 6.1% in the global transmission components market during 2022 to 2032.
North America is expected to account for more than 20% of the global transmission components market share during the period of 2022 and 2032.
Germany is projected to account for nearly 19.7% of the Europe transmission components market share by the end of 2022.
By product type, the anchoring and foundation segment is likely to witness steady growth at a CAGR of 6.1% from 2022 to 2032.
From 2017 to 2021, the global transmission components market exhibited growth at a 2.4% CAGR.

“Demand for electrical equipment has increased in recent years due to the rising need for electricity, which is considered to be a prevalent source of energy. As investments are made for developing electrical infrastructures like heavy current overhead power lines, the demand for transmission components is anticipated to grow,” says a lead analyst at Future Market Insights.

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Why is the Demand for Transmission Components Growing Exponentially?

Increasing demand for transmission components from a wide range of end-use industries for usage in substations, transmission lines, and other electrical networks is estimated to bode well for the global market in the next ten years. Expansion of electricity production capacities is also projected to positively affect the global transmission components market.

In the evaluation period, the market is expected to be boosted by the increasing number of electrification projects in China and India, as well as network expansion projects to support renewable energy integration in the United States, Europe, and other areas of the globe. Demand for electricity is expected to rise further during the forecast period owing to increasing need from end users, as well as growing electrification of transportation and adoption of electric vehicles.

Competitive Landscape: Transmission Components Market

Some of the leading companies present in the global transmission components market are Siemens Energy, General Electric (GE), Eaton, Hubbell, Schneider Electric, and Mitsubishi Electric among others.

Manufacturers of transmission components are investing a significant amount of money on product development to bolster their presence in the industry. Key players are further investing in the development of new software technology to enhance the performance of transmission components.

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Pet Toys Market – Global Revenue Growth Expectations in the Near Future

The pet toys market size is projected to rise at a healthy 7.2% CAGR for the period of projection from 2021 to 2031.

The rise of the pet toys market is mostly attributed to the rising rate of pet ownership, rising interest in pet humanization trends, and the development of pet care hospitality facilities.

Despite greater prices, consumers are increasingly seeking for specialised and unique products for particular pets. In addition, market developments are predicted to be influenced by the trend of employing toys for behavioural training.

“Pet owners have shown a growing interest in buying environmentally friendly goods while upholding animal safety regulations. According to the FMI report, this has prompted pet toy producers to investigate natural materials for their products in order to meet the demands of eco-aware pet parents.

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Pet Toys Market – Important Takeaways

Plastic and rubber toys remain popular materials for toy production, owing to superior durability and standardization for product quality.
Ecommerce sales will reflect a relatively faster rate of growth, backed by internet penetration and discount offers from manufacturers.
India is emerging as a high potential market owing to the expansion of the consumer class of millennial pet owners.
The U.S. accounts for significant revenue share owing to consumer preference spending on pet luxury.

Pet Toys Market – Driving Factors

Sustained growth in cat and dog ownership rates is a major factor positively influencing pet toy sales.
The increasing popularity of facilities such as pet hotels and day care centers generate key growth opportunities.
Major advances in products for cognitive training for pets is bolstering sales in the industry.

Pet Toys Market – Leading Constraints

Concerns over the widespread proliferation of low-quality toys, by small-scale manufacturers is a key concern restricting adoption.
Lack of awareness about toys for training purposes is restraining sales prospects around the world.

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Expected Impact on Market by Coronavirus Outbreak

The global covid-19 pandemic had a moderately negative impact on the pet toys market. Restrictions on production operations and social distancing guidelines have limited manpower and disrupted supply chains during the crisis. In addition, restraints on international trade had affected product availability.

On the other hand, pet ownership rates have grown during the forecast period, creating sales opportunities for manufacturers, partially mitigating losses to manufacturers during the pandemic. Demand is expected recover steadily over the coming decade, with increasing sales activity occurring from online distribution channels.

Competition Landscape

Some of the major players participating in the pet toys market include but are not limited to Honest Pet Products, Central Garden & Pet Company, Company of Animals Ltd., Cosmic Pet, Petsport USA Inc., Zyppy Paws, Mammoth Pet Products, Radio Systems Corporation, Jolly Pets, Multipet, Fluff and Tuff Inc., Kyjen Company LLC, West Paw, KONG Company, Ethical Products Inc., Benebone LLC, Coastal Pet Products Inc., and Petmate.

Major manufacturers in the pet toys market have been largely involved in the launch of new products to bolster their product portfolios, in addition to strategies aimed towards licensing and geographical expansion.

In March 2021, PetSmart unveiled its Brain Games training course aimed towards mental stimulation goals including courses on dog reading, object recognition and more, improving communication between pet and owner. Further, Chewy, the online pet toy shop has unveiled a new range of 400 products for cats and dogs based on Marvel, Disney, Star Wars, and Pixar character designs. In December 2020, Pet Supplies Plus, announced the acquisition of 40 store locations from Pet Valu across Virginia, Indiana, Ohio, Kentucky, Pennsylvania, Maryland, and New Jersey.

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Pet Toys Market by Category

By Product Type:

Plush Toys
Rope and Tug Toys
Balls
Chew Toys
Squeaky Toys
Interactive Toys
Others

By Pet Type:

Dogs
Cats
Birds
Others

By Material Type:

Rubber
Cotton
Nylon
Plastic
Others

By Type:

Non-Edible
Edible

By Size:

Small
Medium
Large

By Price Range:

Economy (Below US$10)
Mid-Range (US$10 – US$25)
Premium (Above US$25)

By Sales Channel:

Wholesalers/Distributors
Supermarkets/Hypermarkets
Convenience Stores
Multi-Brand Stores
Online Retailers
Pet Specialty Stores

By Region:

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

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Stretch Mark Removal Products Market is Expected to reach US$ 2.19 Bn by 2032

The market for stretch mark removal products market size is expected to reach US$ 2.19 Bn by the end of 2032, rising at a CAGR of 3.6% between 2022 and 2032. Growing focus on anti-aging care will continue to be a key driver, but FMI analysts found that market is also benefitting from growing focus on weight loss.

From nourishing the skin to removing stretch marks, the demand for effective skincare products is higher than ever before. This, coupled with better access to skincare products at inexpensive prices, has been aiding the expansion of the stretch mark removal products market.

While cream remains one of the leading categories among products available in the market, consumers are gradually moving in favour of more unconventional products such as oils and serums. This paradigm shift is steered by greater focus on deriving benefits from organic and topical ingredients.

Key Takeaways

Market players are focusing on boosting their organic line of products
Sales through pharmacies are being complemented by the growing online channel
US maintains its position as the largest market, with North America accounting for a sizeable share

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The Shift Toward Online Channels

Companies in the stretch mark removal products market are shifting their focus from traditional retail stores to e-commerce platform to boost their sales and increase their customer base.

Ecommerce portals are visited by increasing number of consumers each day. The convenience of shopping, discounts offered, and door-step deliveries are a few benefits of shopping online compared to shopping from brick-and-mortar stores.

Furthermore, online stores present opportunity to compare products and their prices. These factors are tipping scales in flavour of maintaining an online presence. Since the market is highly competitive, an increasing number of players are likely to focus on improving their online visibility. This will augur well for the market in the long run.

Who is winning?

Some of the key players operating in the stretch mark removal products market are Clarins Group, Merz GmbH and Co. KGaA, E.T Browne Drug Co., Union-Swiss Ltd (Bio-Oil), Basq Skincare, Weleda AG, Dermaclara Inc., Mama Mio US Inc., among others.

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Some of these companies are focusing more on portfolio expansion. Besides this, they are looking at expanding their physical presence via retail stores. Leading players are even focusing on partnership with prominent retailers to cater to increasing demand.

Product launches will remain a key strategy adopted by market players to gain competitive advantage.

In April 2020, Clarins Group launched its new plant based product called ‘Body Partner’ which helps in reducing stretch marks and this new product is tested and recommended by pregnant women. Body Partner is formulated with insignificant plant-based ingredients, including Clarins’ new Phyto-Stretch-Complex a mix Organic Green Banana extracts and Centella Asiatica which uphold visible skin springiness and leave skin smooth and tranquil.

More Insights on Stretch Mark Removal Products Market

Future Market Insights, in its new proposing, provides an unbiased analysis of the global stretch mark removal products market, presenting demand data (2015-2019) and forecast analysis for 2020-2030. The study divulges compelling insights on the stretch mark removal products market based on the product type (creams, oils & serums, lotions, gels, and others), end-user (adults, kids) sales channel (wholesalers & distributors, online retailers, hypermarkets/supermarkets, pharmacy stores, specialty stores, independent small stores, and other sales channel) across six major regions.

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Stretch Mark Removal Products Market Segmentation Product

Creams
Oils & Serums
Lotions
Gels
Others

Nature

Organic
Conventional

End User

Adults
Kids

Sales Channel

Wholesalers & Distributors
Online Retailers
Hypermarkets and Supermarkets
Pharmacy Stores
Specialty Stores
Independent Small Stores
Other Sales Channel

Regional Outlook

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 and Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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Gasoline Generator Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2029

A new market research report by Future Market Insights on the gasoline generator market includes global industry analysis 2014 – 2021 and opportunity assessment 2022 – 2029. The report inspects into the gasoline generator market and provides critical insights for the forecast period of 2022-2029.

As per the findings of the report, the global gasoline generator market is likely to experience considerable growth during the forecast period, owing to several dynamic factors, such as rising demand from residential and commercial sectors for running small power loads in case of power outages.

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The global gasoline generator market is estimated to be valued at US$ 768.8 Mn in 2022, and is expected to register healthy growth of 3.7% during the period 2022-2029. This growth is prominently driven by the growing construction industry. The market for gasoline generators across the globe is highly competitive and small players in the market have to struggle to gain share in the market.

Companies have to adopt product innovation as a key strategy to maintain competitive edge, as new product innovations can provide significant growth opportunities in the market. Noise and weight reduction in portable gasoline generators can be opportunistic; development of products within affordable price bracket can result in high penetration into residential sector.

North America to Capture Significant Market Share

There has been substantial growth in the U.S. construction industry over the recent past. As per the U.S. Census Bureau, there has been significant growth in non-residential construction spending. It is also estimated that this particular segment will grow rapidly over the forecast period.

With the growing construction industry, rise in the preference for portable generators (for standby backup power) is expected to surge the demand for gasoline generators over the forecast period. Since 2010, there has been a continuous rise in the U.S. non-residential construction spending with an annual growth rate of ~5-6%, which is likely to boost the demand for gasoline generators in upcoming years.

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Commercial Sector to Remain Key Consumer of Gasoline Generators

A robust market trajectory is foreseen for the gasoline generator market. Commercial and residential sectors spearheading usage of portable generators are likely to remain prominent end users of gasoline generators.

Gasoline generators that produce power output in the range of 3,000 watts to 5,000 watts are projected to register prominent growth in upcoming years. Gasoline generators that come under this category are utilized in several end-use sectors in case of power failures.
Portable gasoline generators are most-widely utilized generator sets across the globe, which provide electricity by running a gasoline-powered engine. Portable generators are not permanently installed and can be moved from one place to another easily. Portable gasoline generators are available in various sizes depending on the power output.
Gasoline generators are primarily utilized for standby backup power applications across several end-use sectors, such as residential, commercial, industrial, and agricultural, among others. The standby backup power application accounts for a major share in the gasoline generator market.

Gasoline Generator Market: Vendor Insights

The report titled gasoline generator market highlights some of the key market participants, who are well-known market players and have established themselves as prominent stakeholders in the global gasoline generator market.

Some of the examples of key players in the global gasoline generator market are Kohler Co., Honda Motor Co., Ltd., Generac Power Systems, Inc., SGS Engineering (UK) Ltd., Hyundai Power Equipment, Stephill Generators Ltd., Yamaha Motor Co., Ltd., and Champion Power Equipment, Inc., among others.

In terms of market structure and tier analysis, the global market for gasoline generators is mostly fragmented, with top 3 players holding 25%-30% share in the global market. This is mainly due to the large number of Chinese and other players involved in the manufacturing of gasoline generators. Significant players in the market are focusing on mergers and acquisition activities, along with new product launches to expand their global reach.

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Passwordless Authentication Market totalling around US$ 55,679.4 Million by 2032

The passwordless authentication market is projected to grow US$ 50 Bn by 2031, at an expected CAGR of more than 25% during the forecast period 2021-2031. Passwordless authentication is basically a type of multi-factor authentication, which requires users to prove their identity without using passwords as a factor.

Some authentication may still require a username. The security process of passwordless authentication relies on few unique biological characteristics of an individual in order to verify authenticity. There are major factors like improved security and convenient way of accessing data from anywhere, driving the growth of passwordless authentication systems.

What is Driving Demand for Passwordless Authentication?

There is an increase in penetration of smartphones and other consumer electronic devices, demanding for access to end-user accounts and logins. Growing adoption of passwordless authentication for an additional layer of security beyond passwords is another factor driving the growth of passwordless authentication market.

Further, advanced technologies such as internet of things (IoT) and artificial intelligence in devices such as smartphones and tablets among others are factors, driving the growth of passwordless authentication solutions. There are companies, who are adopting the use of fingerprint authentication and smartcards in their offices, which is further propelling the sales of passwordless authentication systems.

Security points like fingerprint sensors and smartcards are making a way for a smooth flow of data between point and allowing for a seamless experience. Enterprises are making use of facial recognition, voice analysis and iris recognition to authenticate and verify its employees. Furthermore, the global rise in applications of fingerprint recognition and facial recognition in consumer electronics is expected to propel the passwordless authentication demand.

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Rise in Applications of Passwordless Authentication in Banking Sector

There are roughly 80% of hacking-related breaches because of weak and reused passwords. More than 90% users reuse passwords across work and personal accounts. This is the reason, why banking industry is moving towards implementation of passwordless authentication for an additional layer of security of their customer’s accounts.

Human errors are always referred as a security hole, which cannot be fixed by IT team. There are several ways that IT can minimize the risk, pro security professional are heavily focusing on the same. The particularly weak link is authentication, so authentication system in banking sector are adopting, especially as cloud services multiply and there is an increase in danger from weak or stolen passwords. Thus, rise in applications of passwordless authentication in banking sector is augmenting the growth of passwordless authentication solutions globally.

US and Canada Passwordless Authentication Market Outlook

The US has majority of the key vendors offering wide range of authentication solutions. This is one of the major driving factor for passwordless authentication market in the country. All the major industries such as healthcare, banking, retail, logistics, consumer electronics and others are moving towards the adoption of passwordless authentication.

There is an increase in adoption of passwordless authentication technology in the country and there is a good number of research projects going on. This can impel the expansion of passwordless authentication in the US, as well as in Canada.

Most of the states in the US and Canada are making strides and tops in the implementation of passwordless authentication solutions across different applications. Due to significant rise of passwordless authentication demand in the US, it will attribute to the availability of more technical solutions in the upcoming years. Authentication and biometrics technology has moved far beyond its initial use case as an additional layer of security which leads the way for growth of passwordless authentication technology, in the coming years.

Who are the Key Passwordless Authentication Vendors?

Some of the leading vendors of passwordless authentication include

Fujitsu Ltd.
NEC Corporation
Accu-Time Systems Inc.
EyeVerify, Inc.
Crossmatch Technologies
M2SYS Technology
Thales Group
Safran
Dermalog Identification Systems GmbH
East Shore Technologies, Inc. and others.

The companies involved in the software and services of passwordless authentication are carrying out different expansion strategies to increase their customer base and market shares. They are also focusing on strategic partnerships and acquisitions with other companies to broaden thier product offerings.

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.

Passwordless Authentication Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Key Segments of Passwordless Authentication Market

By Solution:

Passwordless Authentication Software
Services
- Professional Services
- Managed Services

By Authentication Type:

Single-factor Authentication
Multi-factor Authentication

By End-use Industry:

BFSI
Consumer Electronics
Logistics
Government
Aerospace & Defense
Healthcare
Retail
Others

By Region:

Rack mount
Portable
North America
- US
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- UK
- France
- Germany
- Italy
- Spain
- BENELUX
- Russia
- Rest of Europe
East Asia
- China
- Japan
- South Korea
South Asia & Pacific
- India
- Thailand
- Indonesia
- Malaysia
- Australia & New Zealand
- Rest of South Asia & Pacific
Middle East & Africa
- GCC Countries
- Turkey
- South Africa
- Rest of Middle East and Africa