The Micro Irrigation Systems Market Has Been Rising Exponentially With Growing Concerns Regarding Water Scarcity And Food Security Around The Globe.

The Micro-irrigation systems market is expected to grow exponentially by more than 13% CAGR through 2031. Increasing demand for food, particularly in rising economies in Asia and geographical regions generates demand for advanced irrigation technologies, in keeping with insights from the newest study from Future Market Insights (FMI) ESOMAR-certified analysis and consulting firm. The report provides a close analysis of additional than 20 high-growth regional markets, with comprehensive details on the prospects of micro irrigation systems through the approaching decade.

Micro irrigation systems are gaining importance in the agriculture sector, owing to their efficacy in minimizing the effects of drought conditions, at comparatively low costs. Increasing demand for water and concerns over scarcity of this natural resource, with its effects in terms of quality and crop yield will play key roles in driving the growth of the market. The growing interest in greenhouse farming is also driving micro-irrigation systems in specialized farms.

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The study by FMI has analyzed the global demand for micro irrigation systems, in terms of macroeconomic factors, the impact of the covid-19 pandemic, and market landscape. As per the scope of research conducted by FMI, the market has been studied on the basis of consumer interests, product segments, and regional influences, in addition to qualitative data on the players operating in the market covering both supply and demand.

Key Takeaways from Micro Irrigation Systems Market Study

  • Drip irrigation systems are estimated to hold the lead, supported by lower purchase and installation costs, in addition to low water use.
  • Micro-farming applications will reflect a relatively higher rate of growth, driving demand for the lateral move and central pivot products.
  • The United States will hold a significant market share owing to the concentrated presence of market leaders in the country.
  • India and China will account for a high rate of growth, supported by an agrarian economy and favourable government initiatives in the industry.
  • Access to technologies associated with mechanized irrigation systems is generating opportunities in the Middle East and Africa region.

“The growing need for water conservation efforts driven by rising population levels and decreasing global water reserves are key factors that drive the micro irrigation systems market.  Stringent regulations associated with water becoming a rare commodity, has pushed players in the agricultural sector to invest in novel solutions to enhance the productivity of a limited volume of water. Micro irrigation systems are capable of optimizing water usage, which in turn will support market expansion for the duration of the forecast period,” says the FMI analyst

The micro-irrigation systems market is expected to grow at a healthy rate from 2021 to 2031. With the essential nature of irrigation in agriculture, coupled with growing concerns over water scarcity issues, market players are expected to be focused on research and development to improve on resource optimization objectives. Field testing and collaborations with regional players is likely to gain the interest of market players through the assessment period.

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Competitive Landscape

The global micro irrigation system market is moderately fragmented, with a number of regional players holding notable market share, which is likely to continue for the duration of the forecast period. Leading manufacturers are increasingly investing in new technology innovations in addition to strategic geographic expansion efforts.

Some of the leading players in the micro irrigation systems market include but are not limited to Netafim Ltd., Jain Irrigation Systems Ltd., The Toro Company, Rain Bird Corporation, Hunter Industries, Valmont Industries, Rivulis Irrigation Ltd., Lindsay Corporation, Reinke Manufacturing Company Inc., EPC Industries Ltd., T-L Irrigation, Elgo irrigation, Sistema Azud SA, Nelson Irrigation Corporation, Chinadrip Irrigation Equipment Co. Ltd., Kisan Irrigation Ltd., Finolex Plasson Industries Pvt. Ltd., Ripple Aquaplast , Irritrol, Eurodrip SA.

Valuable Insights into Micro Irrigation Systems Market Study

Future Market Insights brings the detailed research report of the latest industry trends affecting growth in the global micro irrigation systems market. The market has been segmented in terms of system type and end use to offer a comprehensive overview of the industry. The study provides in-depth analysis of the key factors enabling growth in these segments across seven key regions.

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Commercial Refrigeration Equipment Market Size – With sales of commercial refrigeration equipment enjoying Y-o-Y growth of 3.9% in 2022, the market is expected to be worth US$ 51.8 Bn by the end of the year. The global commercial refrigeration equipment market is anticipated to reach a valuation of US$ 68.3 Bn by 2028 while progressing at a CAGR of 4% (2022-2028).

Electric Motors Market Size – The Electric Motor Market to exhibit year-on-year (YoY) growth of 4.2% in 2021 to total 1.2 billion units. As per the report, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021, while the AC Motors segment was up 5.1% to 837 million units.

Industrial Robots Market Size – Global demand for industrial robots is expected to rise at a growth rate of 12% to US$ 55.66 Billion in 2032

Industrial Robotics Market Size – The global industrial robotics market is estimated to surpass US$ 96.82 Bn by the end of 2028. Rising emphasis on enhancing the productivity of high-volume production lines, particularly in the manufacturing of semi-conductors and electronic devices is favoring the growth in the market.

Ductless Heating & Cooling Systems Market Size – The global ductless heating & cooling systems market size was estimated to be worth around US$ 98 Billion in 2021 and is forecast to grow at a robust CAGR of 8% between 2022 and 2032, reaching around US$ 228 Billion by 2032.

Absorbent Glass Mat (AGM) Battery Market Size – The global absorbent glass mat (AGM) battery market was worth US$ 11 Billion in 2021 and is anticipated to increase 5.3% year on year to US$ 11.2 Billion in 2022. Because of the escalating contributions from various governmental organizations, the market is estimated to reach US$ 18 Billion by 2032.

Solar Invertor Market Size –  The Global Solar Inverter Market Size is forecast to grow year-on-year by 5.0% in 2022, reaching a valuation of about US$ 11 Bn in 2022. Increasing adoption of renewable energy sources for residential and commercial spaces is expected to fuel solar inverter sales at a 6% CAGR over the forecast period.

Traction Motors Market Size – Global sales of traction motors reached around 11.7 Billion in 2022. The overall demand is projected to increase at a CAGR of 13.0% between 2022 and 2032, surpassing valuation of 30.0 Billion by 2032.

Warehouse Robotics Market Size –  Demand in the global warehouse robotics market is projected to surpass US$ 5 Bn in 2022, growing at an impressive 13% CAGR over the forecast period. Growing trend of industrialization and the introduction of industry 4.0 is expected to drive the market.

Metal Recycling Equipment Market Size – The global metal recycling equipment market size is estimated to total US$ 6.9 Bn in 2022. The sales of metal recycling equipment are expected to exceed US$ 11.5 Bn by the end of 2032,

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Bulk Material Handling Systems Market 2022 Size, Growth Analysis Report, Forecast to 2032

Construction and mining industries are major adopters of bulk material handling systems with demand-driven activities such as ore extraction, crushing, grinding, site-cleaning, demolishing, decommissioning and others. Moreover, continuous migration, growing urbanization, and high-value infrastructure projects with the healthy investment drive the growth of the bulk material handling market.

The global sales of bulk material handling systems are forecast to grow from 13,000 units in 2021 to over 14,000 units by the end of 2031. FMI projects moderate growth for the bulk material handling system market at an overall compound annual growth rate (CAGR) of 2% between 2021 and 2031.

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Key Takeaways of Bulk Material Handling Systems Market Study

  • Key players focus on the expansion of footprint in developing countries, which also involves moving new products into new markets such as the Middle East, China and India where the construction industry registered double-digit growth in the past decade.
  • As per the recent trend in the mining industry in the Americas and the Asia Pacific, the demand for bulk material handling systems is expected to be from open or surface pit mining especially for coal and ferrous mining.
  • Since the rental and leasing service is a strong aspect of the bulk material handling systems market, many players have incorporated rental services as a business segment while directly selling bulk material handling systems.
  • Band conveyors and stackers have been identified as the most recognizable bulk material handling systems as they are capable of accomplishing various tasks such as stockpiling and transportation, particularly in packaging and manufacturing end-use industries.

“Rental services play a pivotal role in the bulk material handling systems market, as these equipment are capital intensive. Hence, to gain profits in this market, players can focus on offering rental and leasing services while also directly selling bulk material handling systems,” says an FMI analyst.

Bulk Material Handling Systems: Competition Scenario

The bulk material handling systems market is assessed to be a fragmented market, where market players such as Hitachi Construction Machinery Co., Thyssenkrupp, Kawasaki Heavy Industries, Ltd., Liebherr Group, and Sumitomo Heavy Industries are estimated to maintain their dominance in the market throughout the forecast period and have strong order inflow.

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Brief Synopsis

The increasing exploration and production (E&P) activities in oil & gas and mining industries coupled with burgeoning demand from the construction industry as a result of growing infrastructural projects are expected to lead to high volume orders of bulk material handling systems in the global market.

Increasing awareness of benefits and the resulting demand for automated bulk material handling systems is anticipated to reflect optimistically on the market growth rate of conveyors and stackers.

Though E&P activities in Europe are recovering, the region is projected to foresee healthy growth, attributable to the promising dynamics in the rest of the end-use industries that deploy bulk material handling systems, such as packaging and manufacturing.

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Women’s Socks Market is Expected to Reach a Sum of US$ 30.25 Billion by 2032 | FMI

The women’s socks market is expected to grow at a value of 5.9%. In 2021, this market was predicted to have a global valuation of US$ 17.5 Billion, and is expected to reach a sum of US$ 30.25 Billion by 2032. The market is going to face increasing demand owing to the increased health-consciousness of the consumers towards using eco-friendly socks and better foot health.

From 2017 to 2021, the Women’s socks industry grew at a CAGR of 5.1%. White-collar professionals are expected to play a crucial role in enhancing the utility of socks with the rising importance of maintaining formal attire on a global basis.

As a result, the market is anticipated to grow in the coming years. In addition, the growing spending on health and fitness among adults will boost the demand for various shoe accessories including sports socks and ankle socks at gyms and health clubs.

Due to the increasing rate of foot disorders associated with diabetic patients, various health care professionals have devoted more time to publishing research papers on maintaining healthy feet over the past few years.

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Major contributors to the market’s growth are China and India. A growing population and increasing disposable income are driving demand for apparel in the region. Majority of market revenue comes from the well-developed economies of the U.K., Germany, and France. Increasingly independent women, higher per capita incomes, and changing fashion trends all impact the market’s growth.

Key Takeaways from the Market Study

  1. In 2022, the global women’s socks market is estimated to have a market size of US$ 18.13 Billion.
  2. Women’s socks market in North America acquired 20% of the global market share in 2021.
  3. The APAC region is expected to grow with a 5.8% CAGR, with a market share of 40%
  4. The polyester segment took over 46% of the global Women’s socks market share and is expected to exhibit a 4.5% CAGR during the forecast period.
  5. Offline sales comprised 76% market share in 2021, reflecting a 5.7% CAGR until 2032

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Competitive Landscape

The market is populated by several well-established players, as well as several small and medium-sized businesses. Vendors are launching products that meet consumer expectations as fashion consciousness changes. Furthermore, manufacturers are developing new preservative techniques to make their products more durable. A large number of celebrities have endorsed famous brands, contributing greatly to the market’s growth.

  • In January 2020, “Renewed” socks brand, Happy Socks, partnered with fashion icon Johnny Ramone to create a dynamic new collection of socks.
  • Active wear company Girlfriend Collective released a line of socks called Everyday GF in June 2020. The socks are made of recycled plastic bottles and are cushioned with extra arch support.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global women’s socks market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of product type (Cotton, polyester, others), by Distribution Channel Type (online, offline) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Key Segments Covered In the Women’s Socks Market Report

Women’s Socks Market by Fiber:

  • Cotton Women’s Socks
  • Polyester Women’s Socks
  • Women’s Socks from Other Fibers

Women’s Socks Market by Distribution Channel:

  • Women’s Socks Sales via Offline Stores
  • Women’s Socks Sales via Online Stores

Women’s Socks Market by Region:

  • North American Women’s Socks Market
  • Europe Women’s Socks Market
  • Asia Pacific Women’s Socks Market
  • Middle East & Africa Women’s Socks Market
  • Latin America Women’s Socks Market

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Descaler Market is Expected to Reach US$ 490 Million in 2032 | FMI

Sales of descaler is  expected to reach at US$ 360.11 Million in 2022 and anticipated to grow at US$ 490 Million by 2032, at 3.1% CAGR by 2032. Descaler consists of several chemical substances which have the ability to remove limescales on water carrier products. Water carrier products are being considered as one of the essential products that are being used in day-to-day life.

Products such water kettles, water bottles, water taps, hot water dispensers, washing machines are being used in large scale in both households as well as commercial level. However, these products encounter with various negative effect due to its exposure to various potentially harmful substances. Limescale is one harmful negative side effect incurring in these kinds of water carrier products. Limescale is a chalky off-white crust that remains behind kettles or boilers.

Limescale is an essentially harmful substance that acclimates on surfaces causing malfunctioning of the water carrier products altogether. As a result, these kinds of water products requires time-to-time maintenance which eventually triggers demand for products such as descalers.

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Global Descaler Market: Key Players

Some of the key players operating in the global Descaler market are Coventry Group, Eddy Water Descalers, Haygain Ltd, A-Chem Limited, Alliance UK, McBride plc, RP Adam Ltd (Arpal Group), , BSH Home Appliances Pte. Ltd among others.

Descaler Market: Key Trends

Major Descaler manufacturers have been strategizing on promoting its products and services by attending several key exhibitions and meets

Descaler Market: Key Developments

  • Haygain Ltd., one of the key players in global Descaler has been attending several key exhibitions in the view of promoting its products and services to its target segments.
  • Coventry Group another key player in global Glass & Metal has been stressing on several key promotional activities by attending several regional meets and exhibitions

Opportunities for Descaler Market Participants

Coffee machines have been installed in large scale in various commercial sectors such as malls, offices. It becomes so very important to maintain the working quality of machinery and other equipment both inside and outside of the machine.

These kinds of machine tend to accumulate limescale which hampers the overall quality and taste of the coffee. This one critical factor provides a critical opportunity for global descaler market to gain traction in commercial sectors.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.

The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, application, and format, end-use, packaging & sales channel.

The study is a source of reliable data on:

  • Descaler Market segments and sub-segments
  • Descaler Market trends and dynamics
  • Supply and demand
  • Descaler Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

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Global Descaler: Market Segmentation

On the basis of application, the global Descaler market has been segmented as –

  • Home appliances
  • Coffee machines
  • Water tanks
  • Others

On the basis of format, the global Descaler market has been segmented as –

  • Powder
  • Liquid
  • Gel

On the basis of end use, the global Descaler market has been segmented as –

  • Household
  • Commercial

On the basis of packaging, the global Descaler market has been segmented as –

  • Bottles
  • Tubes
  • Pump

On the basis of the sales channel, the global Descaler market has been segmented as –

  • Wholesaler/Distributors
  • Hypermarket/Supermarket
  • Specialty Store
  • Online Store
  • Club Store

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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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Tampon Market is a CAGR of 6% Over the Forecast Period 2022-2032 | FMI

The global tampon market is estimated to expand at a CAGR of over 6.0% throughout the forecast period of 2022-2032, reaching US$ 8.5 Bn by the end of 2032. Tampons are a type of feminine hygiene product that are meant to absorb menstrual blood flow. They are considered to be more comfortable and eco-friendlier than sanitary pads and are now available across several developed and developing economies.

Due to increased awareness of the importance of feminine hygiene for women’s health, demand for hygiene products such as tampons and pads has increased significantly.

Furthermore, manufacturers are now offering high-quality tampons in a number of sizes, which provide the same benefits as older forms. They are also launching different types and sizes of tampons based on their needs, which improves comfort, especially for women who lead an active lifestyle. These factors are expected to propel the demand for tampons in the forthcoming years.

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“Rising government initiatives to raise awareness regarding feminine hygiene products, price reduction through subsidies, and wide availability of such products at online retail channels will boost the growth in the market over the assessment period,” says an FMI analyst.

Key Takeaways:

  • Based on product type, sales of non-applicator tampons will gain traction.
  • In terms of material, cotton is expected to account for a dominant share in the market over the forecast period.
  • By sales channel, sales of tampons through online channels will remain high through 2032.
  • The U.S. will continue dominating the North America tampon market over the forecast period owing to high demand for organic feminine hygiene products.
  • India will emerge as a lucrative pocket in the South Asia tampon market amid rising government initiatives regarding the importance of feminine hygiene.

Competition Landscape

Leading tampon manufacturers are focusing on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of Tampon globally.

Major players present in the Tampon market Bodywise (UK) Ltd, Corman SpA, Lil-Lets UK Limited, Procter and Gamble Co, Kimberly-Clark Corporation, Edgewell Personal Care Company, Unicharm Corporation, Johnson & Johnson Inc., and Cora & First Quality Enterprises Inc.

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Global Tampon Market By Category

By Product Type:

  • Applicator Tampon
  • Non-Applicator Tampon

By Material Type:

  • Cotton
  • Rayon
  • Blended

By Source:

  • Organic
  • Conventional

By Nature:

  • Scented
  • Unscented

By Price Range:

  • Economy
  • Mid –range
  • Premium

By Sales Channel:

  • Wholesalers and Distributors
  • Supermarket/Hypermarkets
  • Specialty Stores
  • Pharmacy / Drug Stores
  • Online Retailers
  • Other Sales Channel

By Region:

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

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Razors and Blades Market is Rising at a CAGR of 3.0% During 2022-2032 | FMI

The razor and blades market is expected to surpass a valuation of US$ 3267.26 Mn in 2022. Sales of razor and blades are expected to surge as the healthy CAGR of over 3.0% through 2032.

The disposable razor blades industry is growing due to rising aesthetic consciousness and increased spending on personal grooming products, especially among millennial and Gen-Zs. This is as the disposable razor blades are easy to use, so their recreational use is contributing to the industry’s expansion.

Growing emphasis on sanitation during shaving to prevent skin infection is driving up the use of single-use razor blades, reviving the disposable razor blade business. With the growing need for a precise and smooth shave, disposable razor blades that can provide such benefits are becoming more popular, boosting the market growth.

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Key Takeaways from the Razors & Blades Market Study:

  • Based on product type, double edge segment will witness fastest growth over the forecast period (2022-2032).
  • In terms of material, stainless steel segment is expected to dominate the global razor & blades market.
  • Online retailers segment will gain traction over the forecast period owing to the rising penetration of e-commerce industry
  • China is expected to spearhead the growth in East Asia razor and blades market through 2022 & beyond
  • India will dominate the South Asia razor and blades market over the forecast period (2022-2032)
  • “Rapid urbanisation, improved personal hygiene, greater population density, and the proliferation of transportation networks are triggering a rise in demand for razor blades.”- FMI Analyst said.

Who is winning?

Participants in the worldwide razor blades market have leveraged the use of product launches, collaborations, and acquisitions to expand consumer base and strengthen sales. To draw in

prospective patrons, manufacturers have attempted to employ innovative promotional techniques, marketing, and product debuts.

Major players in the razors and blades products market are Procter & Gamble, Edgewell Personal Care, Dorco, Ltd., Societe, Oscar Razor, Feather Safety Razor Ltd., Harry s INC, Phillips, Wahl Clipper, Dollar Shave Club INC among others.

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Global Razors and Blades by Category

By Product Type:

  • Double Edge.
  • Single Edge

By Material Type:

  • Carbon steel
  • Stainless Steel

By Price Range:

  • Low
  • Medium
  • Premium

By Consumer Orientation: 

  • Men
  • Women

By Sales Channel:

  • Hypermarkets/ Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Departmental Stores
  • Online Retailers
  • Drug & Pharma
  • Other Sales Channel

About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

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Shaving Care Market Size will Reach US$ 34.1 Billion by 2032 | FMI

The shaving care market is poised to reach a valuation of US$ 16.6 Bn in 2022. Sales are projected to increase at a 7.5% CAGR, with the market size reaching US$ 34.1 Bn by 2032.

Gender-neutral products concept is emerging as a trend in the shaving care market. Products with simple, and minimal designs are increasingly being marketed by vendors. Vendors have desexualized the gender narrative by removing clichés and choosing colours such as mint, taro, and pomelo for a broad gender-neutral outlook.

Furthermore, the portability of women’s razors is a new trend. As women spend more time away from home, whether on the job, on vacation, or simply driving, there is a greater demand for portable, easy-to-use and carry models.

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Moreover, the evolution of hair removal from an “optional beauty” activity to a “necessary hygiene” exercise has significantly aided sales of razors. As a result, manufacturers are introducing women-centric models that offer moisturization, are suitable for sensitive sking and offer a burn free shaving experience.

“The men’s shaving sector is predicted to benefit from the growing e-commerce industry as well as razor design innovation. However, the growing popularity of trimmers and the expanding trend of growing beards are likely to act as a driver for the market’s expansion “says an FMI Analyst.

Key Takeaways:

  1. The hypermarkets/supermarkets accounted for a dominant share in the global market in 2021.
  2. Retailers are contributing to segment growth by launching men’s counter catering to men’s personal care and grooming products.
  3. Sales of trimmers will continue gaining traction over the forecast period.
  4. The U.S. will continue dominating the North America shaving care market over the forecast period.
  5. India will emerge as a lucrative pocket, holding a lion’s share of the South Asia shaving care market through 2032.

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Market by Category

By Product Type:

  • Shaving Cream
  • Shaving Gel
  • Razors & Blades
  • After Shave Care
  • Lotion/Balm
  • Splash/Gel
  • Trimmers

By Consumer Orientation:

  • Men
  • Women

By Price Range:

  • Low
  • Medium
  • Premium

By Sales Channel:

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Multi-Brand Stores
  • Discount Stores
  • Salon/Grooming Clubs
  • Drug Stores & Pharmacies
  • Online Retailers
  • Other Sales Channel

By Region:

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

Competition Landscape

Leading manufacturers of shaving care products are focusing on aggressive promotional strategies, advertisements, and new product launches to improve sales in the market.

Key players operating in the global shaving care market include Conair Corporation Havells India Limited, Koninklijke Philips N.V., Panasonic Holdings Corporation, Johnson and Johnson Private Limited, ITC Limited, Procter & Gamble, WAHL, Xiaomi and Zhejiang among others.

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https://medium.com/@joshishital734/second-hand-designer-shoes-market-demand-2032-2e67f65bfe55

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Jumeirah Bay 2
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Motocross Gears Market to rise at 7.5% CAGR During Forecast Period by 2031

The motocross gears market is expected to surpass a valuation of US$ 12.5 Bn at a CAGR of over 7.5% through 2031.Expansion of automobile industry and growing popularity of off-road and motocross sports are propelling the sales of motocross gears.

Over the years, increase in motocross and dirt-bike racing activities has fuelled motocross gears sales. As awareness of safe riding is increasing among the riders, demand for riding gear such as jerseys, jackets, and pants is also aiding market growth.

With rising cases of fatal accidents, helmets have become the preferred choice of riders in gears. Furthermore, stringent government rules regarding the consequences of not wearing a helmet are being seriously considered by motocross riders, leading to spike in the sales of motocross gears. .

Extremity injuries are common in motocross accidents, according to a survey published by the Digital Common Organization. According to the National Centre for Biotechnology Information (NCBI), the overall incidence of motocross injuries is more than 90 per thousand.

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Such findings are assisting in improving awareness among motocross riders. This also is spurring the demand for protective gears. Backed by these factors, the market is set to witness substantial growth over the coming years, reaching a shipment of 57,326 units through 2031.

 Key Takeaways from the Motocross Gears Market Study

  • In terms of product type, helmets are expected to dominate the market, registering growth at 15.7% CAGR through 2031.
  • The U.S. will lead the North America market, which will continue to be the focal centre of the world’s largest motocross gears market.
  • Increased demand for protective gear such as armoured jackets, back protectors, and other similar items will help manufacturers thrive.
  • Germany is expected to maintain its dominance as the world’s second largest motocross gear market
  • Asia Pacific will emerge as the world’s fastest-growing motocross gear market, with India and China leading the region’s growth.
  • The U.K., France, Canada, and Japan will be in the spotlight for motocross gear industry stakeholders.
  • Men’s demand for motocross gear is surging, propelling sales across the globe.

 “As there has been a notable surge in number of professional motocross riders, extensive adoption of a wide range of riding and protective gear is on cards. This trend is spurring the sales of motocross gears across the globe. Additionally, manufacturers are adding fashionable items to their portfolios in order to woo riders, which is create impressive scope for expansion,” says an FMI analyst.

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Impact of COVID-19 on the Market

The coronavirus outbreak has created a collapse in the economy by interrupting business activities across a wide range of industries. The retail industry has suffered a setback. Fall in aggregate discretionary spending represents a temporary challenge for market participants.

Consumers were subjected to the strictest limitations, resulting in a significant drop in revenue increase year over year. Due to global lockdown, complete shutdowns of all industries, and downturn in the industrial environment, productivity suffered during the epidemic. The sales were bracketed by online retailing.

As a result, players are focusing their efforts on growing internet penetration, as this allows them to reach a wider consumer base faster and at a lower cost.

Who is Winning?

Leading manufacturers of motocross gears are focused on differential strategies and advertisements that have driven sales growth of motocross gears globally.

Major players present in the motocross gears market are O’NEAL USA, Scott Sports , Aero Stitch, Fox Racing, Answer Racing, AGVSports America LLC, FLY Racing, Joe Rocket Jackets, Ride Icon, Dainese, Shift MX, TacknRider, Fox Head Inc., LeMans Corporation, ACERBIS, AXO, LSD Industries, LLC, KTM Sportmotorcycle GmbH, and Troy Lee Designs among others.

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About Consumer Products division of FMI

Expert analysis, in-depth insights, and strategic recommendations – the Retail & Consumer Products team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 500+ reports, the team has analyzed the consumer goods industry lucidly in 80+ countries for over a decade. We provide end-to-end research database on retail & consumer products market and consulting services; reach out to explore how we can help.

Explore FMI’s Extensive Ongoing Coverage on Consumer Product Domain:

Second Hand Designer Shoes Market Type: The second-hand designer shoes market is valued at US$ 421.8 million as of 2022. It is expected to grow at a CAGR of 7.8% during the forecast period and is anticipated to be valued at US$ 893.9 million by 2032

Cowgirl Boots Market Trends: The cowgirl boots market is expected to achieve approximately US$ 248.8 Million in value by 2032, up from US$ 413.1 Million in 2022, at a CAGR of 5.2% from 2022 to 2032.

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Pet Dietary Supplements Market is Anticipated to Increase at a CAGR of 7.1% by the end of 2030 | FMI

Future Market Insights (FMI) in a new study has projected the pet dietary supplements market to record impressive growth. According to the report, the market will reach a valuation of US$ 3.78 Bn by 2021.Pet humanization is a growing trend where owners are treating their pets as counterparts and wanting to provide their pets with best nutrition for their wellbeing. With pet ownership becoming widespread. Pet parenting or pet humanization has been fuelling the demand for pet dietary supplements.

This trend is being mirrored in the high frequency of the launch of innovative formulations in the market. According to Pet Food Processing, 45 new nutritional products for pets were launched in 2020. The pet owner’s love for their pets is driving the demand for pet dietary supplements, besides the fact that supplements ensure that the pets receive proper nutrition, which off-the-shelf pet foods might be void of. Additionally, pet dietary supplements find demand among the millennial care takers.

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Millennial, who account for a majority of pet owners, also think that pets deserve the same treatment as small children, thus explaining the demand for pet dietary supplements. Natural and organic pet supplements are becoming increasingly popular. Herbs and superfood are being incorporated into the pet supplements, which will aid the overall market expansion.

Probiotic Supplements to Be Highly Sought-after

As in case of humans, probiotic supplements for dogs are used to aid digestive health and regularity. Probiotic nutritional supplements facilitate the regulation of the good bacteria in the digestive system that helps to break down dog food so that nutrients can be better extracted. The probiotic supplements can also inhibit the growth of harmful bacteria that can make both humans and dogs sick, an example of which is E. coli.

Obesity is a growing health problem among pets, encouraging an increasing number of veterinary practioners to open weight-loss clinics. According to the Association for Pet Obesity Prevention, 59% of cats and 54% of dogs in the U.S. were overweight or obese in 2016, and this concern has increased over the recent years. Weight management is trending within the pet industry and dietary changes are being taken care of so as to regulate the pet weight and ensure its health.

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This change in consumer buying preference has encouraged the players in the market to focus on innovation and expand the portfolio, tapping the unexposed segments of the industry and as a result escalating the demand over the forecast period. FMI in its latest study has forecast the market to rise at a CAGR of 7.1% between 2020 and 2030.

Key Takeaways from the Pet Dietary Supplements Market Study

FMI in its latest study has forecast the pet dietary supplements market to rise at a CAGR of 7.1% between 2020 and 2030The U.S. will continue exhibiting strong demand and account for nearly 88% of the North America market.

The demand from the U.K. will remain steady as FMI projects it to exhibit 3.8% Y-o-Y growth in 2021Increasing pet ownership will support growth in Germany and FranceJapan and South Korea will emerge as key markets in East Asia”Consumers’ awareness regarding pet health is rising, which in turn is increasing the demand for pet dietary supplements. Moreover, increasing focus of companies on advertisement and promotion of pet dietary supplements is positively aiding expansion of the market,” said an FMI analyst.

Disruptions Caused Due to COVID-19 Impacting Sales

The current pandemic outbreak has posed numerous challenges on the part of supply side and demand side. The temporary regulation imposed by regional governments to restrict the movement has impacted supply chains drastically. Besides this, the spectacular shift from discretionary spending to essential goods has further negatively impacted the market growth.

E-Commerce is redefining the commercial activities around the world. In fact, the Covid-19 pandemic and lockdown effects have tipped the involvement of e-Commerce within all industries. The segment of population not prevalent with internet retailing has also adopted it, it being the only resort. There is a lot of opportunity for companies and online services to work together to offer greater engagement to consumers.

Who is winning?

A few of the key players in the pet dietary supplements market are Nestle SA, Mars Incorporated, NOW Foods, Blue Buffalo Co Ltd., Ark Naturals, Virbac, Novotech Nutraceuticals, Inc., Zoetis, PetAG, Inc., VetClassics and GNC, among others.

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Companies operating in the market are increasingly investing in product development with an aim to gain a competitive advantage over other players operating in the market.

Pet Dietary Supplements Market by Category Product Type

  • Glucosamine
  • Probiotics
  • Multivitamins
  • Omega-3 fatty acids
  • Others

Application

  • Joint Health
  • Digestive Health
  • Weight Management
  • Skin and Coat Health
  • Dental Care
  • Others

Form

  • Capsules
  • Tablets
  • Powder
  • Others

Form

  • Dog
  • Cat
  • Horse
  • Others

Sales Channel

  • Wholesalers & Distributors
  • Modern Trade
  • Convenience Stores
  • Multi-brand Stores
  • Pet Specialty Stores
  • Online Retailing

Region

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

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About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Sun Care Products Market is Forecast to Reach a Valuation of US$ 1.3 Billion in 2022

The global sun care products market is forecast to reach a valuation of US$ 1.3 Bn in 2022. Increasing expenditure on personal care and beauty products across the globe will boost sales at a 6.9% CAGR, with the total valuation reaching US$ 2.6 Bn by 2032.

FMI analysts opine that organic – which has made deep inroads into many F&B and cosmetics categories – is also making a mark in the sun care products landscape, with many consumers diligently checking labeling to know the ingredients.

The market has witnessed steady growth in the past few years, especially on the account of active ingredient incorporation, and the development of multifunctional formulations, which not only protect the user from the sun, but also provide skin lightening and anti-aging characteristics, which are also likely to boost growth.

Nanoparticles such as zinc oxide and titanium dioxide are finding application in sun care product formulations, enabling uniform application, lower residue and higher product efficacy, which is considered to help in popularity of these products among potential buyers.

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Strict regulations associated with ingredients and labeling in the North American and European industries, coupled with lower awareness about the risks of sunlight exposure in rural areas and developing countries are key challenges for market players.

FMI’s report offers an exhaustive overview, covering key market dynamics. Some of the takeaways from the report include,

  • Market valued at valuation of US$ 1.3 Bn in 2022, with demand slowing down during the coronavirus pandemic
  • Sun care creams expected to remain highly sought-after on the back of easier application, and potential for optimized skin nutrition profiles
  • Sales of sun care products higher in women as compared to men
  • US and EU4 key to growth. However, many countries in Asia Pacific are displaying highly lucrative opportunities for manufacturers for geographical expansion.

“Manufacturers have transitioned to natural and organic ingredients to appeal to new consumer demographics. In addition, the extraction of natural ingredients provides better margins through cheaper raw materials,” said a lead analyst at FMI.

Covid-19 Impact on Sun Care Products Market

The global personal care and cosmetic industry has felt a substantial impact of the coronavirus crisis. Sales in the first half of 2020 have been largely weak. In addition, the large number of retail store closures have also affected the market.

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Consumer priorities to spend discretionary income on essential commodities, coupled with the reduction in travel and outdoor recreational activities during the crisis are likely to hold back sales.

On the other hand, online sales of sun care products will witness strong growth, partially offsetting losses incurred by in-store sales.

Recovery of conventional sales and distribution is likely to be gradual. Market players are pushing for changes in promotion including significant discounts to move unsold seasonal inventory in the near term.

Who is Winning?

In its study, FMI has scrutinized the different strategies deployed my major companies participating in the sun care products market. Leading market players are focused on the development of novel formulations and strategic geographical and capacity expansion with acquisitions being a major area of focus.

Some of the key players in the market include Johnson & Johnson, Shiseido Company Limited, Beiersdorf AG, Loreal SA, The Procter & Gamble Company, Unilever, The Estee Lauder Companies Inc., Lotus Herbal Pvt. Ltd., Avon Products Inc., and Bayer AG, among others.

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Sun Care Products Market by Category

Product Type:

  • Creams
  • Lotions, Gels & Oils
  • Others

Nature:

  • Organic
  • Conventional

End User:

  • Male
  • Female
  • Kids

Sales Channel:

  • Wholesalers and Distributors
  • Online Retailers
  • Hypermarkets and Supermarkets
  • Pharmacy Stores
  • Specialty Stores
  • Convenience Stores

Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding China & Japan
  • Japan
  • China
  • Middle East & Africa

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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