Small Kitchen Appliances Market is Estimated to Expand at a CAGR of 3.5% from 2022 to 2030 | FMI

Expanding at a CAGR of 3.5%, global consumption of small kitchen appliances market has reached a market valuation of US$ 102.31 Bn in 2022 and is predicted to increase to US$ 134.23 Bn by the end of 2030.

Small kitchen appliances currently account for around 15%-20% share in the global household appliances market. The e emergence of innovative products such as smart kitchen appliances is set to drive overall demand for small kitchen appliances over the coming years.

Key Takeaways from the Small Kitchen Appliances Market Study

East Asia is expected to dominate the global small kitchen appliances market owing to large population base which are more inclined towards healthy & home cook food.

  • Small kitchen appliances market is primarily dominated by small cooking appliances due to growing food easting habit in home which further creates demand for small cooking appliances such as cooker, deep fryer, toaster etc.According to FMI, residential sectors are expected to see higher sales of small kitchen appliance as compared to commercial sector however HoReCa (hotel, restaurant, cafe) segment is anticipated to expand at highest CAGR during the forecast.
  • Changing consumer lifestyle and increasing income level is expected to boost industry growth over the forecast period.Modern trade (hypermarket/ supermarket) is considered as the largest sales channel in terms of value share in the global small kitchen appliances indirect sales channel.

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Small Kitchen Appliances Sales are Gaining Traction Globally owing to High Product Awareness, and New Innovative Product Launches

Technology advancements, energy efficiency, cost, and quality of the products are major factors drive consumers’ purchasing preference.

The advent of e-commerce industry and wide availability of different offline sales channel such as modern store (hypermarkets/supermarkets, specialty stores etc.) supports the industry from supply side.

Growing health consciousness, increasing consumers with cooking as hobby, growing television programs and cooking recipes on YouTube and other online platforms push the consumers towards home food which is resulting as an increased demand for small kitchen appliances across the world.

Market to Recover as Soon as Economies Return to Normalcy Post Coronavirus

Covid-19 which originated in China has now spread all over the world. Except essential products and services, all businesses are temporarily closed. As per World Economic Forum, The US and Eurozone’s economies are expected to recover to its full swing until 2023. The small kitchen appliances market is also affected due to Covid-19 pandemic as production are temporarily suspended, physical stores are closed.

Online platforms also face challenges in product delivery due to country lockdown, and low availability of stocks. However, initiatives taken by the respective country governments have checked the growth rate of people getting infected. This shows positive sign of normalcy in coming quarter for few countries such as China, India etc.

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Who is winning?

Some of the key players operating in the Small Kitchen Appliances market are Whirlpool Corporation, Panasonic Corporation, Groupe SEB, Electrolux AB, BSH Hausgerate GmbH, Haier Group, LG Electronics, Dongbu Daewoo Electronics, Samsung Electronics, Breville, Miele, Koninklijke Philips N.V., Conair Corporation and others.

Several leading foot care product players are launching new innovative products to expand their footprint and product portfolio. At present, manufacturers are focusing on R&D, merger & acquisition and partnership activities to come up with new technologies which can change the market landscape of Small Kitchen Appliances.

In Nov 2019, Caraway Home launched eco-friendly, non-toxic and non-stick materials cookware set.In Sept. 2019, Philipps had launched Keurig K-Duo coffee machine in three variants.

Get Valuable Insights into Small Kitchen Appliances Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global small kitchen appliances market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2022-2030

The small kitchen appliances study reveals compelling insights on the small kitchen appliances market on the basis of product type (small cooking appliances, food preparation appliances, and beverage making appliances), price range (premium/high, economy/mass), end user (residential, commercial), and sales channel (wholesaler/ distributor, hypermarket/ supermarket, multi-brand stores, small independent stores, online and others) across all regions.

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Key Segments of Small Kitchen Appliances Industry Survey

Small Kitchen Appliances Market by Product:

  • Small Cooking Appliances
  • Food Preparation Appliances
  • Beverage Making Appliances

Small Kitchen Appliances Market by Price Range:

  • Mass Small Kitchen Appliances
  • Premium Small Kitchen Appliances

Small Kitchen Appliances Market by End Use:

  • Residential Small Kitchen Appliances
  • Commercial Small Kitchen Appliances

Small Kitchen Appliances Market by Sales Channel:

  • Wholesalers/ Distributors
  • Hypermarkets/ Supermarkets
  • Multi-brand Stores
  • Independent Stores
  • Online Stores
  • Others

Small Kitchen Appliances Market by Region:

  • North America Small Kitchen Appliances Market
  • Latin America Small Kitchen Appliances Market
  • Europe Small Kitchen Appliances Market
  • East Asia Small Kitchen Appliances Market
  • South Asia & Pacific Small Kitchen Appliances Market
  • Middle East & Africa (MEA) Small Kitchen Appliances Market

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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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Volatile Corrosion Inhibitors Packaging Market : Value Chain, Stakeholder Analysis and Trends by 2029

The volatile corrosion inhibitors packaging market is esteemed at USD 778 Million out of 2022 and is supposed to arrive at USD 1,175 Million by 2029, at a CAGR of 6.1% from 2022 to 2029.

According to the new exploration investigation of Future Market Insights (FMI), the worldwide deals of VCI packaging was esteemed at ~US$ 600 Mn in 2018. As indicated by the report, the worldwide VCI packaging market is projected to extend at a CAGR of ~6% during the gauge time frame. As indicated by FMI’s report, the rising commodity of essential metal and items from arising economies is offering energy to the worldwide VCI packaging market.

The developing requirement for effective and got metal packaging arrangements is supposed to be an essential element for the development of the market. Makers of VCI packaging are getting the notice of end clients by offering new planned VCI packaging items, which are profoundly reasonable for explicit applications.

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“To satisfy consumers’ demand, manufacturers are adopting the strategy of product development, customer support & expansion. The packaging industry leaders across the globe are expanding product portfolio based on VCI packaging. The Mondi Group is also focusing on developing VCI packaging solutions to take benefits from the growing demand. The increasing demand for eco-friendly & sustainable VCI packaging is attributed to be beneficial for the paper packaging industry leaders to enter the market.” 

VCI packs are supposed to observe an expanded in market share attributable to enormous volume sacks presented by producers. The fast reception of VCI sacks by metal parts and parts makers is an essential element for the rising interest for VCI packs in the market. Makers are adding new sorts and configurations in the VCI packaging item portfolio by understanding the end clients’ need. The VCI paper is ascribed to be the best option in the satisfaction of economical and minimal expense packaging items.

The VCI paper is supposed to extend at a greatest CAGR while VCI film is projected to observe slow development during 2019-2029. The VCI packaging item development in the worldwide market intently relies on the rising requirement for packaging of various metal items and current and future packaging items accessible in the market. For example, VCI film was exceptionally utilized for packaging before, as would be considered normal to a gradually supplanted by VCI paper and bio-based VCI items later on.

Investment of Emerging Economies in Manufacturing Sectors 

The VCI packaging market is highly based on industries where metal parts and components are mostly used. Globally, the VCI packaging market is likely to grow due to demand from the primary metal & metal works industries. Owing to the adoption of VCI liquids and powders, the automotive industry is expected to witness a sluggish growth in the future.

The aerospace & components industries are projected to increase the consumption of VCI packaging during the forecast period. The emerging countries are boosting the demand for VCI packaging by investing in the aerospace, metal, and electrical & electronics industries. Other processing industry are also shifting towards VCI liquid and powder to protect metal products & components due to new easy techniques for removal & applicators.

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FMI’s also highlights noteworthy insights into the competitive scenario of the VCI packaging market along with the key player’s main strategies. Key players in the VCI packaging market are engaging in product developments and introductions in new markets. For instance, in June 2019, the leading VCI packaging manufacturer, Cortec Corporation, launched biodegradable VCI packaging film (EcoCorr® Film), which provides contact, barrier, and vapor corrosion inhibition. In May 2019, the company also developed bioplastics and anticorrosion films plant in Baranja, Croatia.

Competitive Landscape

Companies operating in the volatile corrosion inhibitors packaging market are aiming at expansions and strategic partnerships with other manufacturers to expand their product manufacturing capabilities, product portfolio and global presence.

  • In May 2021, Northern Technologies International Corp. business unit launched Natur-VCI a biodegradable and compostable vapor corrosion inhibitor film which is manufactured to shield both types of metals which showcase ferrous and non-ferrous properties during shipment and short-term storage.
  • On June 2019, Cortec Corp. launched EcoCorr® Film, which is a biodegradable, compostable VCI packaging film that provides contact, barrier, and vapor corrosion inhibition.
  • In April 2019, Daubert Cromwell Inc. introduced environmental-friendly Clear Pak brand VCI films with Clear Pak 5000 to protect steel, aluminum, and copper.

Volatile Corrosion Inhibitors Packaging Market by Categor

By Product:

  • VCI Paper
  • VCI Film
    • Stretch
    • Shrink
    • Sheet
  • VCI Bags
    • Flat
    • Gusseted
    • Zipper
  • Foam
  • Others

By Material:

  • Paper
  • Polyethylene
  • Others

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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 7-years.

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Water Desalination Equipment Market Worth US$ 20 Bn By 2032 | CAGR 8.2% – By FMI

The global water desalination equipment market is expected to exceed US$ 13 billion by 2022. During the forecast period, it is expected to grow at a CAGR of 9%. Because of the global scarcity of potable water resources, the market is expected to exceed US$ 25 billion by 2032.

The global Equipment for desalinating water is used in industry to clean brackish water, seawater, or any other sources of water. Desalination technology makes it possible to separate salts and minerals from a variety of water sources, including industrial feed, wastewater, wells, and others, and then transform those waters into freshwater or potable water.

Equipment for desalinating water is used in industry to clean brackish water, seawater, or any other sources of water. Desalination technology makes it possible to separate salts and minerals from a variety of water sources, including industrial feed, wastewater, wells, and others, and then transform those waters into freshwater or potable water.

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The increasing requirement of desalination of sea water due to increasing water demand is driving the global water desalination equipment market at a faster rate.

The growth of the water desalination equipment market is subsidized by the increasing concerns over the scarcity water due to rapidly growing population, industrial development and pollution. Also fast improving living standards in the developing regions are demanding cleaner water, subsequently driving the advancements in the desalination technologies.

Desalination equipment facilitates desalination process that parts the dissolved salts and other minerals from seawater or other salinized water. The major advantage of desalinised water is that it can deliver high quality water for consumption purpose even at the time of droughts ultimately increasing the overall supply.

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The emerging water desalination equipment market has been experiencing a phase of new product development and technological advancements due to greater demand. The manufacturing companies are raising their respective market share with increased R&D activities.

Water Desalination Equipment Market: Region-wise Outlook

The global water desalination equipmentmarket is expected to register a favourable growth for the forecast period, 2015?2025. Middle-East is projected to endure its control on the global water desalination equipmentmarket followed by North America and Europe. The key countries in the Middle-East are projected to be GCC (Gulf Cooperation Council) and Algeria as an outcome of practicing desalination for long specially in GCC countries.

Water Desalination Equipment Market: Key Players

Some of the key players in the desalination equipment market are General Electric, Doosan Heavy Industries and Co, Acciona SA, Genesis Water Technologies, Koch Membrane Systems, Degremont Sas, IDE Technologies, Hyflux Ltd, Biwater, and Cadagua

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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Key Segments Profiled in the Water Desalination Equipment Industry Survey

Application:

  • Municipal
  • Industrial
  • Others (hospitality etc.)

Technologies:

  • Reverse Osmosis
  • Nanofiltration
  • Multi Stage Flash
  • Electrodialysis
  • Vapour Compression
  • Multi Effect Distillation
  • Others

Region:

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

About Us:

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

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DIY Haircut Kits Market Anticipated to Reach a Industry Valuation of US$ 8.8 Billion by the End of 2029

The global DIY haircut kits market accounted for revenues worth US$ 6.9 Bn in 2022 and is projected to expand more than  2.9%CAGR during the forecast period of 2022-2030.

Strong focus on personal grooming and self-care, popularity of men’s grooming trend, and rise in number of salons have been triggering demand for haircut kits. Additionally, a growing trend has been observed in home or personal usage which is anticipated to propel future sales of DIY haircut kits. Owing to increasing fashion trend and style quotient, individuals are more inclined to experimenting with new hair styles and modifications which is resulting to an increased demand for DIY haircut kits such as clipper & trimmer kit.

Key Takeaways of the Global DIY Haircut Kits Market Study

East Asia is expected to account for high share of the global market value, owing to large consumer base interested in personal grooming. Given the concentration of a large number of manufacturers, the market will continue to flourish in the region.According to FMI, clipper & trimmer kit is expected to see higher sales than its counterpart such as scissors set, as the latter are used by professional with specific skill set to cut hair.

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Moreover, clipper and trimmers are easy to operate, less time consuming, and does not require any skill set.Salons/professionals remain top end user, accounting for higher value share of the global DIY haircut kits market.Personal use of DIY haircut kits and in home-care settings is expected to grow at a significant pace, owing to greater emphasis on enhanced experience at low expenses and with elaborate resources.

Sales through offline channel continue to influence manufacturers’ growth strategies.Growing consumer’s inclination towards online shopping will propel the sales of DIY haircut kits through online platforms. Product comparison, read reviews, competitive pricing, and door step delivery are the factors that influence the purchase decision of consumers.

Covid-19 Impact & 2020 DIY Haircut Kits Market Analysis

Covid-19 outbreak, which started in China, is rapidly spreading all over the world and has an adverse impact on the sales of DIY haircut kits. Apart from essential products and services, businesses are temporarily closed. Additionally, most of the countries are in lockdown situation which restricts all physical store sales. However, China which has started recovering from Covid-19 crisis has seen a strong growth in online sales for DIY haircut kits such as clipper and trimmers for home and personal usage.

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Ongoing pandemic has disrupted the supply chain of DIY haircut kits, hence lower sales can be observed in Q1-Q2, 2020. However, Q3 is expected to show positive sign of recovery of the market. At present, manufacturers are focusing on offering products specific for male consumers and capitalizing on the kids segment which is expected to be the most lucrative segment.

DIY Haircut Kits for Kids Trending Over Men & Women Products
DIY haircut kits for kids are trending at present all over the online platforms. The most preferred DIY haircut kits for kids are the baby hair trimmer and rechargeable electric hair clipper.

The kids are more reluctant to haircut in hair salons; hence parents are now considering its alternative solution – a baby haircut kit for at-home use. Manufacturer’s innovative product launch also pushes the kids segment for higher sales. Moreover, these manufacturers are offering waterproof hair styling haircut kit device with long battery hours, environment-friendly USB hub, and accessories kit with innovative baby packaging.

Who is winning?
Some of the key players operating in the DIY haircut kits market are Koninklijke Philips N.V., Wahl Clipper Corporation, Spectrum Brands, Inc. , Remington), Procter & Gamble (Braun GmbH), Panasonic Corporation, Conair Corporation, Andis Company, VEGA, Sunbeam Products, Inc., Riwa, Havells India Ltd., FLYCO, Xiaomi, Zed Lifestyle Pvt. Ltd, and Oster Professional.

Several leading companies are focusing on R&D, merger & acquisition and partnership activities to come up with new technologies which can change the market landscape of DIY Haircut Kits.

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In April 2019, Flipkart announced that they had partnered with Beardo to provide Beardo’s grooming kit and electric trimmer.In July 2019, The Wahl Clipper Corporation launched cordless detailer with T-fast blade and 100 minutes of cutting time in one charge.

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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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Male Sex Toys Market will Exhibit a CAGR of ~7.5% During Forecast Period by 2029 | FMI

The global male sex toys market is predicted to be worth US$ 31,699 million. According to Future Market Insights (FMI), between 2019 and 2029, the market will grow at a constant rate of 7.5 %.

According to the survey, the primary drivers for the growth of male sex toys in the market include improving sexual experience and increasing adoption of cutting-edge technology for the development of creative goods. The research provides a thorough analysis of the market, including key growth drivers, restraints, opportunities, and current trends. It employs novel research methods to provide the most accurate market analysis.

It includes in-depth insights into the male sex toys market. Some of these are:

  • The estimated value of the market was at ~US$ 15,380 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Regionally, North America dominates the male sex toys market globally.
  • East Asia emerges as one of key markets owing to increasing use of sex toys among both men and women.
  • Growth of online sales channel is expected to boost the sales of male sex toys over the forecast period.
  • Key players are likely to focus on new product innovation such as using of increasing sound quality, noise cancellation etc. to stay relevant in developed markets.

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Female Sex Toys to Witness Highest Growth

The sex toys market is primarily dominated by male consumers. Marketing and promotion of these products are considered as one of the growth reasons. Advancement of technology and growing desire to enhance sexual experience led the market for higher sales.

At present, manufacturers are currently focusing on female consumers which are expected to expand at higher CAGR owing to growing interest for sex toys among female. Moreover, availability of products mainly in online channel also boost the sales of sex toys market. The popularity of vibrators, anal beads, and penile rings has increased over the past. Growing urbanization and growing sex culture also fuel the usage of such sex toys among women.

Who is Winning?

Some of the leading players operating in the male sex toys market are Church & Dwight Co., Inc.; Reckitt Benckiser Group plc; LELO; LifeStyles Healthcare Pte Ltd; Doc Johnson Enterprises; Lovehoney Group Ltd; BMS Factory; Tenga Co., Ltd.; Fun Factory; We-Vibe. As a result of increasing competition, companies are focusing on expanding their product portfolio with new innovation. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

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  • In 2017, Fleshlight launched automated masturbation machine which enhances the masturbation experience

Market Segmentation

The global male sex toys market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

  • Male Masturbators
  • Cock Rings
  • Penis Sleeves
  • Male Prostate Toys
  • Sex Doll Toys
  • Penis Enhancement Toys
  • Others

Demographics

  • Male
  • Female

Price Range

  • Premium/ Luxury
  • Mid-Range/ Economy

Sales Channel

  • Online
  • Offline

Region

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

Get Valuable Insights into Male Sex Toys Market

Future Market Insights, in its new report, presents an unbiased analysis of the global Male Sex Toys market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights on the male sex toys market based on product type (male masturbators, cock rings, penis sleeves, male prostate toys, sex doll toys, penis enhancement toys and others), demographics ( male, female), by price range (premium/luxury, mid-range/economy), sales channel (offline, online), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).

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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.

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Europe Machine Tool Touch Probe Market Throughout The Forecast Period (2028) With The 28.7% CAGR | FMI

Germany is playing a significant role in the growth of the Western Europe machine tool touch probe market as the country is the prominent producer of machine tools. It is anticipated to remain one of the leading market in terms of the growth as well production of machine tool touch probe in the Europe. The market in Germany is estimated to dominate the Western Europe machine tool touch probe market throughout the forecast period (2028) with the 28.7% CAGR.

According to the report, 3D Touch Probes and 2D Spindle Probe types will dominate the machine tool touch probe market, accounting for more than 80% of market share over the forecast period.

Furthermore, by the end of the forecast period, the machine tool touch probe market is expected to generate a total incremental $ opportunity worth US$ 218.0 Mn.

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Global Machine Tool Touch Probe Market Dynamics

Machine tool touch probes can operate in conditions in which humans cannot sustain themselves or in conditions in which humans cannot operate optimally, such as when accuracy is the primary factor. Due to this reason, machine tool touch probes have been in high demand in the manufacturing industry in the global market.

Manual measurement of work pieces is being replaced by machine tool touch probes as they reduce any chances of inaccuracy and also increase the potential for accurate workflows. This particular factor will accelerate the growth of the machine tool touch probe industry over the forecast period. Moreover, human personnel can work for only a number of limited hours whereas machines and their components are capable of working continuously.

Growth in research and development activities by prominent market participants is estimated to create several growth opportunities for the machine tool touch probe market in the coming future. Increasing demand and competition will encourage manufacturers to invest on research and development. This is expected to further create opportunities for the augmentation of the machine tool touch probes market in the coming years.

However, lack of skilled professionals for operation and maintenance of machine tool touch probes may hamper the growth of the machine tool touch probe market over the forecast period. Moreover, the initial cost associated with the machine tool touch probes is on the higher side. This may be one of the prime reasons which may derail the growth of the machine tool touch probes market over the forecast period.

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Global Machine Tool Touch Probe Market Forecast

The global machine tool touch probe market is consolidated by nature. There are only a few key market participants which occupy a significant share in the market. These players are expected to play a pivotal role in the growth of the machine tool touch probe market over the forecast period. By transmission type, infrared segment is expected to hold a significant share in the machine tool touch probe market over the coming years.

Moreover, infrared segment along with the radio segment is expected to occupy more than 85% share in the global market. By machine type, CNC machining center segment is expected to create overall incremental $ opportunity of US$ 756.2 Mn between 2022 and 2028. By end use, automotive, defense & aerospace and medical segment is expected to dominate the market. The medical and automotive segment are expected to collectively account for 33.9% of the market share by the end of 2022, which is expected to grow to 35.1% of the overall market by the end of forecast period. By region, Western Europe is expected to grow at a significant rate, at a CAGR of 3.5% over the forecast period.

Global Machine Tool Touch Probe Market Competitive Landscape

Some of the key market participants reported in this study on the global machine tool touch probe market are Renishaw plc., Hexagon AB, DR. Johannes Heidenhain GmbH, Blum-Novotest GmbH, Tormach, Inc., METROL Co., Ltd., Marposs S.p.A., P-Tech Industries Pvt. Ltd., Centroid Corporation, J & M Precision Products Inc., Micro-Vu., Quality Vision International, Inc., Mahr GmbH, Magnescale Co. Ltd., Carl Zeiss AG.

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Global Machine Tool Touch Probe Market by Category

By Probe Type

  • 3D Touch Probe
  • 2D Spindle Probes
  • Tool-length Measuring Probes
  • Tool Touch-off Probes

By Transmission

  • Infrared
  • Radio
  • Hard Wired

By Machine Type

  • CNC Machining Center
    • Vertical Machining Center
    • Horizontal Machining Center
  • CNC Turning Center
  • Others

By End Use

  • Automotive
  • Defense & Aerospace
  • Electronics
  • General Machining
  • Medical
  • Petrochemical
  • Others

By Region

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • SEA & Pacific
  • China
  • Middle East & Africa

About Us:

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

Contact:
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Male Colour Cosmetics Market to Reach a Industry Valuation of US$ 38.41 Billion by 2029 | FMI

Currently valued at around US$ 15.42 billion, the market for male colour cosmetics is predicted to expand to US$ 38.41 billion by 2029, with a very high CAGR of 13.9 %.

Approximately 4% to 8% of the worldwide cosmetics market is currently occupied by male colour cosmetics. Men are using cosmetics more frequently than women do, which is boosting demand in the global market for male colour cosmetics.

Globally, rising internet penetration and adoption of e-commerce are the factors expected to fuel the revenue growth of global male colour cosmetics market, owing to growing number of customers using digital technology for mobile transactions and purchasing various products through online platform.

In order to capitalize on millennial that are tech-savvy, companies in male colour cosmetics market are engaged with consumers through the use of social media and other digital avenues to advertise their products and increase the market share via online sales revenue.

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Increasing online sales and use of e-commerce for selling FMCG products in North America, East Asia, and South Asia has led to surge the growth of B2C business in the consumer goods sector. Over the years, consumers’ behaviour has drastically changed and are more inclined towards researching about products online and purchasing various products such as men lips sticks, men foundation creams, and other products through e-commerce.

Key Takeaways from the Male Colour Cosmetics Market Study

  • According to the report, key market players are likely to focus on the product penetration Latin America and South Asia. Manufacturers of male colour cosmetics are shifting their focus toward natural and organic ingredient in the products. Increasing awareness coupled with look conscious behaviours of men with regard to men’s colour cosmetics is one of the major reasons for men to opt for natural and organic products. To target this untapped group, companies are developing novel products with natural ingredients, which in turn is expected to boost the demand for male colour cosmetics in the near future. Moreover, product advertisement related to customer sentiments is the key strategy adopted by male colour cosmetics companies.
  • The Latin America is forecasted to witness high growth rates due to increasing company’s penetration in the region and increasing product awareness among men in the region. Strengthening sales channels in the Latin America and Middle East & Africa is anticipated to create significant expansion opportunities for players in the global male colour cosmetics market.
  • E-commerce sales channel is estimated to generate high revenue in the forecasted years for the male colour cosmetics market owing to increasing internet usage among consumers.

Celebrity Endorsement to Inspire Consumer’s Buying Behaviour

An emerging trend in the male colour cosmetics market is the increasing number of key players appointing various celebrities from the field of sports and films to endorse their products, with an objective to influence consumers to adopt the same.

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For instance, David Beckham & L’Oréal has entered into a partnership for male product promotion under the brand ‘HOUSE 99’.  The brand is engaged in offering Natural Bronzing Effect Moisturising Gel.

Who is winning?

Some of the key players operating in the male colour cosmetics market are as L’oreal, War Paint, Koh Gen Do, Calven Klein, 4VOO, Glossier Inc., Guerlain, Hourglass, Formen Inc., Mens MakeUp, Menaji Worldwide LLC, Chanel and others

Several leading market players are engaged in partnership with other stakeholders to increase their product offering across the world. Moreover, companies are engaged in product innovation, launches, and advertisement on social networks to promote their products.

  • In 2018, Chanel launched its first make-up line for men, ‘Boy De Chanel’. The product launch comprises of an eyebrow pencil, a foundation and other products.

Key Segments of Male Colour Cosmetics Industry Survey

Male Colour Cosmetics Market by Product:

  • Lip Products
  • Face Products
    • BB Creams
    • CC Creams
    • Concealers
    • Blotting Powders
    • Beard Colour Sticks/Pens
    • Face Foundations
  • Eye Products
    • Under Eye Concealers
    • Kohl
    • Eyeliners
    • Eyebrow Pencils
  • Other Products

Male Colour Cosmetics Market by End User:

  • Individual Products
  • Commercial Products

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Male Colour Cosmetics Market by Nature:

  • Natural/Organic Colour Cosmetics
  • Synthetic Colour Cosmetics

Male Colour Cosmetics Market by Price Range:

  • Premium Colour Cosmetics
  • Mass Colour Cosmetics

Male Colour Cosmetics Market by Sales Channel:

  • Hypermarkets/Supermarkets
  • Speciality Stores
  • Drug Stores
  • Online Retail
  • Department Stores
  • Beauty Stores
  • Multi-brand Stores
  • Direct Sales

Male Colour Cosmetics Market by Region:

  • North America Male Colour Cosmetics Market
  • Latin America Male Colour Cosmetics Market
  • Europe Male Colour Cosmetics Market
  • East Asia Male Colour Cosmetics Market
  • South Asia & Pacific Male Colour Cosmetics Market
  • Middle East & Africa (MEA) Male Colour Cosmetics Market

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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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Tea-based Skin Care Products Market is Projected to Reach a Valuation of US$ 563.4 Billion in 2022 | FMI

The market for green tea-based skin care products is anticipated to reach US$ 536.4 Mn in 2022 and display an astounding 8.7% CAGR from 2022 to 2032. This is because consumers are becoming more conscious of natural personal care products, and manufacturers want to switch out conventional substances with natural alternatives.

Therefore, with increasing demand for natural cosmetics due to their long-term health benefits, the green tea-based skin care products are growing attaining popularity over the forecast period. Tea is produce from the Camellia sinensis plant- a small evergreen shrub native to East Asia region. Green tea has various essential elements such as polyphenols, tannins, protein, minerals, amino acids, carbohydrates, and others.

Using green tea as an ingredient in skin care products provide various health benefits such as potent free radical scavengers, strong antioxidant herbs, acne management, dermatological benefits, and many more. Projected to rise at a CAGR of ~8.7% between 2022 and 2032, Future Market Insights foresees stable growth for the market.

“Prominent players in the global tea-based skin care market can gain significant profits by introducing novel tea-compounds into their beauty care offering. Companies can also be shifting their focus towards sustainable raw materials and replacing synthetic chemicals with natural ingredients.” says an FMI analyst.

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Key Takeaways from the Study

According to the report, various prominent players are rapidly expanding their market footprint through various strategic partnership with major regional distributors and players. This is also intended to expand their product portfolio by adding new naturally derived skin care products.

Currently key players are significantly investing in research and development activities to boost manufacturing capabilities and to have a competitive edge among their competitors.
Companies are incorporating green tea in their skin care products in extract form. Additionally, they are developing their own green tea extracts to ensure high quality, purity, concentration, and others.

The East Asia region is expected to retain its dominant position in the global tea-based skin care products market, due to high production of tea in the world and people in the region consider it as a remedy which was discovered thousands of years ago in China.

Among tea type, the green tea segment is expected to exhibit a comparatively higher CAGR in the global tea-based skin care products market in the near future, as it has high antioxidants benefits when applied topically. It also reduces oxidative stress and neutralise free radicals.

The rapidly growing trend of beauty supplements to enhance the radiance, smoothness of the skin, and reduce problems related to aging. Therefore, to boost the overall appearance consumers are including such products into their daily routine. Manufactures are also improving their formulas to introduce novel beauty supplements.

The tea is one of the excellent beauty improving ingredient used in supplements and skin care products which has a positive impact on the market. Consuming tea-based supplements in right amount provides various beauty benefits such as healing properties, skin disorder treatment, improving metabolism, and many more.

In skin care products the tea is used in various forms such as extract, camellia seed oil, leaf powder, and others. However, the effectiveness of tea as an ingredient is depend on many factors such as concentration level, tea quality, processing method, etc. This above mention factors is boosting the demand for tea-based skin care products market over the forecast period.

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Who is winning?

Some of the key players operating in the tea-based skin care products market are Laboratories du Palais Royal, AmorePacific Corporation, Organic Tea Cosmetics Holdings Co Ltd., Avon Products, Inc., L’Oréal S.A., Natura & Co., Unilever, Purity Cosmetics Inc., Schmidt’s Naturals, ArtNaturals, SkinYoga, The VLCC Group, ARTDECO cosmetic GmbH, Burt’s Bees, Inc., Korres Natural Products Company, Kendo Holdings Inc., Dr. Bronner’s, Avalon Natural Products, Inc., Elizabeth Arden, Inc., BCL SPA, and others.

Several prominent market players are entering into strategic partnership with various stakeholders to expand their product portfolio, market footprint, and enter into luxury business segment. Besides this, mergers and acquisitions often allows them to gain competitive advantage.

In June 2019, Unilever acquired Tatcha LLC to increase its product offering in skin care products based on a green tea ingredient.
In 2018, Innisfree established its first store in NYC’s Union Square, USA. This helped company to improve its customer base in North America through expanding product offering and attracting new customers through various innovative products and promotional strategies.

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Tea-based Skin Care Products Market by Category

Product Type:

  • Creams & Lotions
  • Serums
  • Face Packs/Masks
  • Cleansers
  • Other Skincare Products

Tea Type:

  • Black Tea
  • Green Tea
  • Others

Skin Type:

  • Dry
  • Combination
  • Normal
  • Sensitive
  • Oily
    Sales Channel:
  • Direct Selling
  • Specialty Outlets
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Beauty Stores
  • E-Retailers
  • Other Sales Channel
    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:

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Aerial Work Platforms Market Size Predictions : US$ 18,658.0 Mn by 2032

The global aerial work platforms are frequently used to provide an autonomous work platform for various types of maintenance and construction work, including arboriculture. It is also used to initiate intensive overhead line maintenance work in the power and telecommunications industries.

Global aerial work platforms market size stood at around US$ 9,614.3 Mn in 2021, and is set to expand at a CAGR of 6.3% during the forecast period from 2022 to 2032. The global market is anticipated to reach a valuation of US$ 18,658.0 Mn by 2032.

Over the next ten years, it is anticipated that the growing number of aerial work platform rental companies in China and the country’s rising construction spending will open up new growth opportunities for manufacturers doing business there.

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With the completion of infrastructure projects and the growth of the regional economies in the Middle East and Africa, aerial access tools like scissor lifts are becoming more prevalent. Aerial work platform sales are increasing as more infrastructure projects are implemented in urban and rural areas to meet the soaring demand from the expanding population globally.

Aerial work platforms are in high demand across all sectors, but particularly in manufacturing and general infrastructure. Due to their advantages, these platforms are anticipated to be adopted by both small and large construction companies, as well as maintenance personnel and agents.

However, lack of experienced machine operators and high equipment acquisition prices may hamper demand for aerial work platforms in the next decade.

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Key Takeaways: Aerial Work Platforms Market

  • The global aerial work platforms market holds about 12% of the global crane market share.
  • From 2012 to 2021, the market for aerial work platforms exhibited 8% CAGR.
  • The U.S. held around 3% of the North America aerial work platforms market share in 2021.
  • China is expected to create an incremental opportunity of more than US$ 1.5 Bn in the coming decade.
  • By product type, the scissor lifts segment is estimated to account for more than 32% of the global aerial work platforms market share by 2032.

 “Increasing demand for rental aerial work platforms among construction companies to reduce initial purchasing and maintenance costs is expected to augment the global market,” says a Future Market Insights analyst.

Competitive Landscape: Aerial Work Platforms Market

The aerial work platforms market is highly competitive and is dominated by various international and domestic companies offering competitively priced products. Key players are also focusing on product innovations to expand their geographic presence and strengthen their positions in the global market.

For instance,

  • In August 2022, Manitex International, Inc. started the delivery of nearly 200 oil & steel aerial work platforms to Enel, LLC. The equipment will be utilized for supporting the latter’s power-line maintenance fleet.

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Get More Insights on Aerial Work Platforms Market:

According to FMI, the market research report offers an impartial analysis of the aerial work platform market which contains a global industry analysis for 2012–2021 and market forecasts for 2022–2032. The research report analyzes on global aerial work platform market through different categories. The global market analysis of the aerial work platform provides pricing information through various life cycle studies, product life cycle, key market developments, and innovations that are being introduced in the development of the aerial work platform and product acceptance in various end-use.

The global market was divided into various segments, including product type (boom lifts, scissor lifts, vertical mast lifts, and push around & spider lifts), fuel type (gas or diesel, electric, and hybrid), platform height (below 10 meters, 10 to 20 meters, 20 to 30 meters, and above 30 meters), sales channel (OEM and rental service providers), and end use (construction, mining, transportation & logistics, manufacturing, and aerospace & defense) across seven regions in the world.

About Us:

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

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India Electrical Testing Service Market To Register A CAGR Of 7.7% Through 2031 | Get Insights FMI

In 2021, the market for electrical testing services size experienced year-over-year growth of 6.3%. Between 2021 and 2031, it is anticipated to grow at a CAGR of 7.1%, reaching US$ 13.4 Bn at the conclusion of the assessment period.

Electrical and electronics equipment manufactured and imported in the country must follow certain regulations for safety of the product. Demand for electrical testing services is high in India, especially since the country is home to several industries. Besides this, the heavy usage of electrical devices will enable the India electrical testing service market to register a CAGR of 7.7% through 2031.

As of 2020, the market represented 15 to 18% of the testing, inspection, and certification market. In the same year, 50 to 55 percent of all sales in the electrical testing services market were made by testing services for transformers, circuit breakers, motors, and generators.

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The surge in demand for green energy or renewable energy sources like wind, solar, and hydro is another factor supporting the market’s expansion. Electrical testing services will experience a significant increase in demand in the near future along with the rise in demand for green energy.

The market for electrical testing services is being advanced by the electrification efforts of emerging economies. Aiming to provide dependable and affordable electricity to various locations around the world, the countries’ electricity infrastructure is developing at a rapid rate. This necessitates the installation of transformers and other power transmission equipment, which will directly affect the market for electrical testing services.

Rapid Urbanization to Help MEA Mark Highest Growth Rate in Coming Years

With greater scope for development, MEA stands out to be the fastest growing region in the global electrical testing services market. Growing industrialization and urbanization will support the growth of electrical testing services in the global market over the forecast period. Thus, emerging regions that are still going under the installation processes provide a better scope for electrical testing services market. According to the International Energy Agency (IEA), by the end of 2030, 600 million out of the total 674 million people without the access to electricity live in Sub-Saharan Africa, a majority of them in the rural areas.

Attributing to this, Africa provides immense opportunities for service providers to augment their business capabilities in the region. India stands out in terms of growth in electrification rate across the country. According to IEA, half a billion people have gained electricity since 2000. In India, the electrification rate is nearly about 82% and with ongoing government initiatives, India will achieve universal access to electricity by 2020s. This is expected to open up new horizons for the augmentation of the electrical testing market in India.

Certification by Testing Services Bolsters Market Presence of Companies in the Global Market

Regular testing of the huge electric equipment becomes necessary as steel plants, and other heavy industrial equipment are particularly large in size and cumbersome to handle with. Replacement of these equipment on the account of failure usually takes months or sometimes years based on the original specifications, whereas regular testing helps avoiding failures.

The testing services work in accordance with the testing standards laid down by reputed national and international accreditation bodies. The testing service providers can significantly improve its service quality and leapfrog other players in market recognition if it complies and provide certifications of InterNational Electrical Testing Association (NETA), Bureau of Indian Standards (BIS), and Electrical Research & Development Association (ERDA).

Some recent trends such as growth of transmission and distribution network are also capable of bringing in revolutionary growth of global electric testing services market. The coming years will give a clear picture of many such influencers of electrification and electrical testing services market.

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Competitive Landscape

Companies operating in global electrical testing service market are aiming at expanding their service range for precise end use. To achieve this, they are investing increasingly in R&D activities.

Electrical testing service providers are targeting end users by providing AMC for good consumer relationships. Companies are focusing on strategic collaborations and partnerships with electrical and electronic device manufacturers to expand their service and testing network.

Schneider Electric, Siemens AG, Eaton Corporation plc, General Electric Company, ABB Inc., Power Products & Solutions, American Electrical Testing, Haugland Group LLC, Dekra, TCS Electrical Co., Phase One Electric, Intran, GEM Electrical Services, Electric Power Systems, DNV GL, Dobel Engineering Company, Inel Power, Inser Hitech Engineers Pvt. Ltd., RESA Power LLLC, Voltech Engineers Pvt. Ltd.

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Global Electrical Testing Services Market by Category

By End Use:

  • Power Generation Stations
  • Transmission and Distribution Stations
  • Steel Plants
  • Major Refineries
  • Railways
  • Other Industrial (Laboratory, etc.)
  • Data Centers
  • Healthcare and Hospitality
  • Commercial Establishments

By Service Type:

  • Transformer Testing
  • Circuit Breaker Testing
  • Protection Testing
  • Battery Testing
  • Rotating Equipment Vibration Testing
  • Motors/Generator Testing
  • Thermographic Testing

By Region:

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

About Us:

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

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