Traditional Toys and Games Market Size is Projected to Grow at 4% CAGR During Forecast Period by 2032

The global traditional toys and games market are slated to reach US$ 90 Bn in 2021, expanding at a 4% CAGR over the forecast period 2021-2031.

The demand for traditional toys and games gained traction as countries imposed lockdown to contain the COVID-19 outbreak. While supply-chain disruptions continued posing threat, some of the top traditional toys and games brands shifted their focus to online sales channels. Against this backdrop, FMI has forecast the traditional toys and games market to grow by 2% year-over-year between 2020 and 2021.

Surging demand for educational toys and games for toddlers is expected to augment growth of the traditional toys and games market. Educational toys are ideal for toddlers as they can help in stimulating the cognitive ability of children and improve their decision-making process.

Rising awareness regarding the significance of educational toys in children’s school curriculum will continue providing tailwinds to sales of traditional toys and games over the forecast period.

In addition to this, growing trend of collecting action figures, toys, figurines, puzzles, and theme-based construction game sets among millennials is expected to augment growth of the market. To capitalize on this trend, manufacturers are investing in licensing and branding with premium franchises to launch such collectibles.

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Key Takeaways:

  • Sales of construction games are expected to continue gaining traction over the assessment period.
  • Based on material, plastic traditional toys and games will continue dominating the market.
  • Demand for traditional toys and games for children under the 3-4 years age group is expected to gain momentum.
  • In terms of sales channels, online retail is expected to account for a dominant share of the global traditional toys and games market.
  • The U.S. is anticipated to dominate the North America toys and games market due to growing demand for licensed toys and games among millennials.
  • The U.K. will continue exhibiting high demand for traditional toys and games owing to growing popularity of technology-enabled toys.
  • China will emerge as a lucrative traditional toys and games market due to the expansion of ecommerce and wide availability of products in the country.
  • Japan and South Korea are expected to account for 35% and 21% of the total traditional toys and games market share over the forecast period.

Competitive Landscape

Dream International Limited, Hasbro, Inc., Jakks Pacific Inc., Mattel, Inc., Lego A/S, BANDAI NAMCO Holdings Inc., LeapFrog Enterprises, Inc., Spin Master Corp, Tomy Co., Ltd., Playmates Toys Limited, Games Workshop Group PLC, Kids Ii Inc., Madame Alexander Doll Company LLC, Mega Brands Inc., Melissa & Doug Inc., Funskool (India) Limited, Funko LLC, K’NEX Brands, L.P., Ravensburger AG, and MGA Entertainment, Inc. are among the leading players operating in the global traditional toys and games market.

As per FMI, top 5 players operating in the traditional toys and games market are anticipated to hold 10-15% of the total market share in 2021.

Leading players operating in the traditional toys and games market are aiming at product portfolio expansion by launching innovative products in the market. Apart from this, players are investing in licensing and branding of toys and games to gain a competitive edge in the market. For instance:

  • In July 2021, LeapFrog Enterprises Inc., a global leader in innovative educational toys, launched its new collection of learning toys that feature curriculum-based content and important foundational skills.
  • In October 2021, Spin Master Corp., launched the first collection as the global toy licensee for Riot Games’ ‘League of Legends’, the most-played PC game in the world.

More Insights into the Traditional Toys and Games Market Report

FMI, in its new offering, provides an unbiased analysis of the traditional toys and games market presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031). The study divulges compelling insights on the demand for traditional toys and games based on product type (games/puzzles, infants/toddlers/preschool toys, plush, outdoor & sports toys, model vehicles, dolls, construction sets, arts and crafts, remote control toys, educational toys, dress up and role play and ride on vehicles), material (plastic, textile, metal, and wood), and age group (0-18 months, 19-36 months, 3-4 years, 5-8 years, 8-10 years, and 11-14 years) and sales channel (hyper/supermarket, online, franchised outlets, departmental stores, and others (discounters, variety stores) across seven regions.

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Traditional Toys and Games Market by Category

By Product Type:

  • Games/Puzzles
  • Infants/Toddlers/Preschool Toys
  • Plush
  • Outdoor & Sports Toys
  • Model Vehicles
  • Dolls
  • Construction sets
  • Art and Crafts
  • Remote control toys
  • Educational toys
  • Dress up and role play
  • Ride on vehicles

By Material:

  • Plastic
  • Textile
  • Metal
  • Wood

By Age Group:

  • 0-18 months
  • 19-36 months
  • 3-4 years
  • 5-8 years
  • 8-10 years
  • 11-14 years

By Sales Channel:

  • Hyper/Super market
  • Online
  • Franchised Outlets
  • Departmental Stores
  • Others (Discounters, variety stores)

Region:

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

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Europe & Asia Pacific Herbal Beauty Products Market is Expected to Reach at US$ 2,571.2 Mn by 2026 | FMI

Future Market Insights (FMI) delivers key insights on the Europe & Asia Pacific herbal beauty products  market in its upcoming outlook titled, “Europe & Asia Pacific Herbal Beauty Products Market: Industry Analysis and Opportunity Assessment, 2016–2026”. In terms of value, it is expected that the Europe & Asia Pacific herbal beauty products market will register a CAGR of 3.7% during the forecast period due to various factors, on which FMI offers vital insights in detail.

Consumer preference for clean label beauty care products is shifting significantly due to increasing awareness regarding the benefits of herbal and natural ingredients. Consumers are increasingly opting for greener products owing to presence of toxic ingredients in synthetic cosmetic products, which are known to cause various adverse effects. Moreover, consumers are currently more informed regarding the benefits of using herbal products through promotions, advertisements and activities on various social media platforms.

Herbal skin care products improve skin texture, tone and appearance owing to presence of nutrients required to enrich overall skin health. Increasing consumer demand for eco-friendly personal care products has prompted companies to enter into the herbal and natural personal care products market and develop new and advanced products. Manufacturers are continuously launching herbal personal care products with remedial properties and long-term benefits, which is resulting in addressing existing consumer requirements and aiding in expanding customer base.

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Segmentation analysis

  • On the basis of end-use, the Europe & Asia Pacific herbal beauty products market is segmented into male and female. Female segment is estimated to account for the largest share by 2016 end. Male segment is expected to account for substantial growth over the forecast period. Increasing inclination of male consumers towards personal grooming and outward appearance among is expected to support growth of the male segment over the forecast period.
  • Europe & Asia Pacific herbal beauty products market is also segmented on the basis of distribution channel which includes supermarket, specialty stores, departmental stores, drugstores, online/direct selling, and beauty salons. Among all these segments, supermarket segment is expected to account for relatively higher value share during the forecast period. Specialty stores segment has been estimated to occupy the second largest share accounting for 21.1% value share in 2015.
  • As far as the types of herbal beauty products are concerned, Europe & Asia Pacific herbal beauty products market is segmented into skin care, hair care, oral care, and fragrance. Among all these segments, skin care type segment has been estimated to represent 45.7% value share in 2016 and expected to remain dominant over the forecast period.
  • Increasing acne issues owing to increasing humidity and pollution levels is expected to drive growth of the skin care type segment in the market during the forecast period. Skin care segment is sub-segmented into cream & lotion, cleanser & toner, facewash & scrub and others. Among these sub-segments, cream and lotion is expected to account for major value share over the forecast period.
  • Hair care segment is expected to occupy second largest position on the pie in terms of revenue contribution. The Hair care segment is sub-segmented into powder, hair oil, conditioner, shampoo, and others. The Oral care segment is likely to represent substantial growth over the forecast period. The segment is projected to represent 3.1% CAGR in terms of value growth by 2026 end.

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Regional analysis

This report discusses trends driving growth of each segment and offers analysis and insights of the potential of the Europe & Asia Pacific herbal beauty products market in specific region including Asia Pacific (APAC) and Europe. Markets in APAC are expected to record high growth rates in terms of value between 2016 and 2026. Japan has been estimated to be the largest consumer of herbal beauty products followed by China in 2015 across the APAC region.

Vendor insights

This report covers detailed profiles of key players in Europe & Asia Pacific herbal beauty products market, which includes key strategies, key developments, product offerings and others. Key companies profiled in this report are Bio Veda Action Research Co., VLCC Personal Care Ltd., Surya Brasil, Dabur India Ltd., Himalaya Global Holdings Ltd., Lotus Herbals, Hemas Holdings Plc, Sheahnaz Herbals Inc., and Herballife International of America Inc.

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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Halal Cosmetics Market expected to Expand at ~11.6% CAGR from 2022 to 2032 | FMI

The global halal cosmetics market size is estimated to be valued at US$ 38,217 Mn in 2022 and is projected to surpass a valuation of US$ 114,524 Mn by 2032.

Countries such as the UAE, Indonesia, Kingdom of Saudi Arabia, Turkey, India and Malaysia are considered dominant markets for halal cosmetics. Future Market Insights (FMI) in a new study has predicted the demand for halal cosmetics to rise considerably in the coming years. It is expected to reach US$ 474.7 Mn by the end of 2021. As a continuing trend, halal cosmetics manufacturers are investing in the segment towards the expansion existing product portfolio and regional footprint.

Muslim population has emerged as a prominent consumer base, characterised by untapped product segments of cosmetics and rising per capita spending. This has prompted consumer and personal care product manufacturers to capitalize on the emerging latent opportunity. Companies are optimistic with regards to purchasing power of members of this population. It is more than likely that over the span of the next four to five years, they will be focusing on developing innovative products and designing market level strategies capitalize on existing opportuniti8es.

Increasingly, awareness of the use of porcine-based ingredients in cosmetics is causing a shift towards Halal-certified products, also among the non-Muslim population. Additionally, the use of swine placenta in cosmetics, including wrinkle creams and facemask, is a factor of grave concern among certain section of consumers.

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This change in consumer buying preference has encouraged the players in the market to stimulate 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 forecasted the market to rise at a CAGR of 11.6% between 2021 and 2031. In terms of product type, the skincare segment will account for a notable share. An increasing number of consumers are gaining awareness regarding the use of impure ingredients in the cosmetic industry. Since skin care is a huge part of daily routine, consumers, men and women alike, are shifting towards halal skin care products

Key Takeaways from the Halal Cosmetics Market Study

  • Global halal cosmetics market is forecast to exhibit strong growth through forecast period. The market has been projected to register above 10% Y-o-Y growth in 2021
  • The U.S. will lead the market in North America, accounting for   above 82% of the share in 2021
  • The U.K. will remain a strong market in Europe, exhibiting over 16% Y-o-Y growth in 2021
  • Germany and France will emerge as lucrative markets for halal cosmetic sales in Europe
  • Demand from Japan and South Korea will increase considerably over the forecast period

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COVID-19 Pandemic Causing Significant Disruptions

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 specular shift from discretionary spending to essential goods has further negatively impacted the market growth. Another major change in consumer buying behaviour is witnessed in the form of a shift from store based retailing to online retailing facilitating a wider market reach. The budding companies in the industry have faced major logistical issues restraining the profit generation. However the market is currently entering into reviving phase across different regions, which is further an indicator that points out towards new opportunities for established as well as the newly mushrooming companies.

Who is winning?

A few of the key players in the halal cosmetics market are Iba Cosmetics, Martha Tilaar Group, Clara International, Kao Corporation, Andalou Naturals, Ivy Beauty Corporation Sdn Bhd, Nature’s Dream, Prolab Cosmetics, Inglot Cosmetics, One Pure, and Talent Cosmetics, among others.

The players are aggressively investing to encourage and promote product development with an aim to gain a competitive advantage over other players operating in the market. Innovative product portfolio establishment and expansion of portfolio is the most adopted strategy by the leading players.

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Halal Cosmetics Market Key Segments

By Product Type

  • Skin Care
    • Creams & Lotions
    • Face Cleanser
    • Others
  • Hair Care
    • Shampoo
    • Conditioner
    • Hair Oil
    • Others
  • Makeup
    • Facial Products
    • Eye Products
    • Lip Products
    • Nail Products
  • Body Care
    • Soaps
    • Shower Gels
    • Lotions
    • Others
  • Fragrance

By End User

  • Men
  • Women
  • Unisex

By Sales Channel

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Multi-brand Stores
  • Online Retailing
  • Other Sales Channel

By Region

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

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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ASEAN Organic Cosmetics Market Size is Anticipated to be US$ 13.07 Billion through 2032 | FMI

The ASEAN organic cosmetics market  for organic cosmetics stood at an overall valuation of US$40 billion in the year 2015. Over the course of the given forecast period of 2016 to 20224, the market is supposed to reach a total valuation on US$66 billion. This growth of the ASEAN market for organic cosmetics is expected to be driven by a strong CAGR of 10.0% over the same period of forecast. The number of reasons driving the overall growth of the ASEAN organic cosmetics market  and the detailed information on it is provided by the latest report by Future Market Insights titled, “Organic Cosmetics Market: ASEAN Industry Analysis and Opportunity Assessment, 2014-2024”

Increasing awareness about the possible side effects of synthetic cosmetics in projected to be a primary driving factor for the development of the global organic cosmetics market. Positive approach towards the organic cosmetics, easy availability of a broad range of organic cosmetics, and increasing spending power of the people of middle class in ASEAN are some of the other vital reasons driving the overall growth of the market for organic cosmetics. Keeping an account of these factors, the market for organic cosmetics in ASEAN is projected to grow with the help of a steady CAGR of 9% till the years 2020 and is estimated to generate revenue of about US$4.4 billion.

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However, there are some factors that are negatively impacting the overall growth of the ASEAN market for organic cosmetics market. One of the key impeding factors for slowing down the market growth of organic cosmetics is the high cost of these products. In addition to this, the shelf life of these organic cosmetics is very limited and there is a clear lack of standardized certification for these products. These factors are also expected to hamper the market growth of ASEAN market for organic cosmetics products and may slow it down to reach its full potential. There is a dire need for setting up strict and rigorous standards for certification, so that only the products with reliable and genuine brands will be able to introduce themselves in the global market for organic cosmetics.

Depending on the type of product, the ASEAN organic cosmetics market  can be segmented in terms of make up, toiletries, fragrances, hair care, and skin care. Among these mentioned segments, the organic products for hair care are held the highest share in the ASEAN market in 2015 in terms of revenue generated. The organic hair care cosmetics products segment was valued at US$780 million in the year 2015. The overall demand for the organic hair care products is expected to clock nearly US$1.24 billion by the fall of year 2020.

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The second highest revenue generating product was found to be the skin care products. In terms of revenue generated, the segment accounted US$671 million in the year 2015. This segment for organic skin care products is expected to grow with the help of a steady CAGR of 9.7% over the course of the given forecast period and is estimated to reach an overall market valuation of US$1 billion during the same time. The segments of toiletries and organic fragrances are also projected to grow with strong CAGRS over the course of the given period of forecast.

From a regional point of view the ASEAN market for organic cosmetics can be segmented into six key regions such as Malaysia, Indonesia, Thailand, Vietnam, Philippines, and Singapore. In ASEAN organic cosmetics product market, Thailand, Indonesia, and Philippines are the three biggest markets in terms of revenue generation. Thailand market for organic cosmetics.

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Some of the key companies in the ASEAN market for organic cosmetics include names such as Weleda Inc., W.S. Badges Company Inc., and Groupe L’OCCITANE among others.

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on the basis of distribution channel:

  • Departmental Stores
  • Franchise Outlet
  • Beauty Specialist Salon
  • Direct Sales
  • Chemist/ Pharmacies
  • Internet
  • Others

on the basis of product type:

  • Skin Care
  • Hair Care
  • Make Up
  • Fragrances
  • Toileteries
  • Others

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
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Lead Acid Battery Market 2022-2032 Research Covers,by Future Market Insights, Inc.

The lead acid battery market valuation is expected to reach US$ 54.3 Bn in 2021. Future Market Insights (FMI) analysis has forecast the lead acid battery sales to increase at 5.2% CAGR between 2021 and 2031. According to the study, the overall lead acid battery market valuation will top US$ 90.5 Bn by 2031.

As per FMI, the demand for AGM battery is expected to increase at a high pace, exhibiting 6.2% CAGR in 2021.

The global sales of lead acid battery are set to be valued at over US$ 54.3 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). The report has forecast the market to expand at over 5.2% CAGR between 2021 and 2031.

The lead acid battery market valuation is expected to reach US$ 54.3 Bn in 2021. Future Market Insights (FMI) analysis has forecast the lead acid battery sales to increase at 5.2% CAGR between 2021 and 2031. According to the study, the overall market valuation will top US$ 90.5 Bn by 2031.

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As per FMI, the demand for AGM battery is expected to increase at a high pace, exhibiting 6.2% CAGR in 2021.

According to the market analysis by Future Market Insights, expansion of automotive production facilities to cover rural and other remote areas has led to the increasing demand for lead acid battery. Rapid technological advancements in production technologies are also projected to complement market growth over the coming years.

Demand for lead acid battery is increasing with the rise in the volume of vehicle fleet in recent years. This can be attributed to an increase in aftermarket sales in regular interims for battery replacement.

The growing requirement has led to mass production and has increased importance of process automation in the lead acid battery market. The market is shifting towards industry 4.0 s, leading to the universal adoption of new production technologies.

There also is an increasing demand from other industries for deployment of lead acid battery. Increasing number of players focusing on research and development related to lead acid battery is anticipated to have a significant contribution towards market growth in the years to come.

Key Takeaways from Lead Acid Battery Market Study

  • Flooded battery is projected to hold over 49% of the global market share in 2021 in terms of product type, supported by superior configurations.
  • Transportation is projected to hold over 56% of the overall market share as leading segment in terms of application by 2031-end, supported by increasing investments in electric vehicles production.
  • China will remain a chief market, backed by rising demand from the automotive industry. It is expected to account for over 57.3% of demand registered in East Asia in 2021.
  • The markets India is set to surge at around 6% CAGR over the next ten years.
  • Germany is emerging as a key market in Europe, accounting for over US$ 2,509.4 Mn in 2021, driven by expansion of the automotive industry.

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“The lead acid battery market is growing at a strong pace, driven largely by increasing demand for energy efficient solutions across automotive sector. The increasing demand for electric vehicles will create extensive opportunities for manufacturers. Key industry participants have been focusing product diversification to offer energy efficient solutions and gain a competitive advantage,” says a Future Market Insights analyst

Global Lead Acid Battery Market Competitive Landscape

The lead acid battery market is highly competitive at regional as well as global levels, and highly consolidated in nature. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Furukawa Electric Co., Ltd., Narada Power Source Co. Ltd., Clarios, Leoch International Technology Ltd., Enersys, Exide Industries Ltd., GS Yuasa Corporation, East Penn Manufacturing Co., Chaowei Power Holdings Limited., and others.

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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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Obesity Management Market is expected to grow with a CAGR of 5.1%, from USD 828.71 Mn in 2022 to USD 1362.80 Mn by 2032 | FMI

[324 Pages Report] Globally, more than 1 billion individuals are overweight or obese and the numbers continue rising. This high prevalence of obesity will drive demand for obesity management products and services in the long term.

According to the World Health Organization (WHO), approximately 1.9 billion adults were overweight and 650 million adults were obese. Whereas 38.3 million children under 5 years of age were either overweight or obese in 2019. One in three adults in North America is obese. In the U.S., 80 million adults and 12.7 million children suffer from obesity.

Obesity is a prominent community health problem in many parts of the world. It is associated with numerous health disorders including gallbladder disease, heart disease, diabetes, stroke, hypertension, and fatty liver disease in addition to some cancers. According to a recent Future Market Insights (FMI) report, the market is set to surpass US$ 1.2 Bn by the end of the forecast period in 2031, with a CAGR of over 5%.

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Furthermore, there has been an increase in the per capita healthcare expenditure, especially in developed countries, with better reimbursement policies. People are now inclined towards out-of-pocket expenditure healthcare. Personal health, grooming, and concerns over social discrimination are leading people to take obesity management consultations.

However, the unprecedented pandemic crisis has had a significant impact on the obesity management market due to a slump of patient footfall in hospitals and clinics. Preference is now being given to the treatment of COVID-19 patients, limiting resources for anti-obesity consultations and related drugs or surgeries.

Also, there has been a halt in clinical trials for weight management drugs. However, with the availability and commencement of the COVID-19 vaccination, the clinical trials are resuming and are anticipated to pick up pace during the forecast period. Also, the adoption of telehealth and in developing countries is likely to bode well for the future of the market in the long term.

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Key Takeaways from Obesity Management Market Study

  • Bupropion and Naltrexone will reflect register faster growth at a CAGR of 8.4%, owing to an increase in the preference for combination therapy in weight management.
  • Gastric sleeve surgery will account for over 40% of the market throughout the forecast period owing to benefits of simplicity and time-efficiency.
  • The U.S. will lead the North America market with a share of over 64% in 2021, driven by continuing diet and lifestyle issues prevalent in the country.
  • Germany followed by Russia are leading markets in Europe, reflecting CAGR of over 6% through the end of 2031, driven by improvements in public health programs.
  • Japan dominates the East Asia market, accounting for 49% value share in 2021, with government awareness programs contributing to growth.

“The rapidly increasing obesity cases and the resultant chronic diseases have triggered concern among patients and healthcare professionals. The COVI-19 crisis has alarmed people, as overweight people are at higher risk of acquiring SARS-COV2. This consciousness may help in encouraging obesity management uptake through 2021 and beyond,” says the FMI analyst.

Key Participant Insights

Prominent players in the Obesity Management Market are focusing on collaborations, mergers & acquisitions for global expansion and enhanced opportunities focused on emerging economies thereby, enhancing their market presence.

The key market players covered by FMI include GlaxoSmithKline Plc., VIVUS, Inc., Novo Nordisk A/S, Currax Pharmaceuticals LLC, Cheplapharm Arzneimittel GmbH, Bausch Health Companies Inc., and Takeda Pharmaceuticals, Inc.

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Obesity Management Market by Category

By Drug Type:

  • Bupropion and Naltrexone
  • Orlistat
  • Lorcaserin
  • Phentermine and Topiramate
  • Liraglutide

By Surgery Type:

  • Gastric Bypass Surgery
  • Adjustable Gastric Banding Surgery
  • Gastric Sleeve Surgery
  • Duodenal Switch Surgery
  • Others

By Distribution Channel:

  • Hospitals Pharmacies
  • Retail Pharmacies
  • E-commerce

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 Us:
Future Market Insights,
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Commercial Kitchen Ventilation System Market 2022 Expectations & Growth Trends Highlighted Until 2032

The global commercial kitchen ventilation system market is anticipated to be appraised at US$ 3621.4 million by 2032, up from US$ 2476.1 million in 2022 with a CAGR of 3.9% during the forecast period.

Technological advancement has led to wide adoption of effective equipment across home settings. One such technology that is gaining high prominence among users is kitchen ventilation system. A commercial kitchen ventilation system includes both air exhausts as well as replacement air facility within the cooking area.

A commercial kitchen is filled with fumes and smokes during working hours, creating an unhealthy environment for kitchen staff. The fumes condensate/grease on the kitchen equipment, ceilings, and walls, creating an unsanitary environment and potentially deteriorating the surfaces of the walls and ceilings.

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The most important considerations are hygiene, comfort for those working in the kitchen, the efficiency of the ventilation system, and fire prevention. The primary goal of a ventilation system in a commercial kitchen is to have a proper filtration system so that smoke, oil, grease, and other particulate contaminants can be easily removed by filtering air.

Commercial Kitchen Ventilation System Market: Drivers & Restraints

The major factors driving the growth of the global Commercial Kitchen Ventilation System Market are implementation of stringent regulations regarding VOC emission, increasing standard of living, rising per capita and disposable income, increasing awareness regarding greenhouse effect and substantial rise in pollution across the globe. Moreover, ongoing trends such as adoption of Demand Controlled Ventilation (DCV) system are expected to boost market growth. Though this market is bound to witness significant growth rate over the forecast period, high cost of equipment is proving a major challenge to overall adoption of commercial kitchen ventilation systems.

Commercial Kitchen Ventilation System Market: Segmentation

The global Commercial Kitchen Ventilation System Market is segmented on the basis of application type, fan type, and region. On the basis of application type, the global Commercial Kitchen Ventilation System Market is segmented into restaurants, hospitals, corporate offices, and others. The restaurants segment is further segmented into hotels, five star hotels, and others. On the basis of fan type, the global Commercial Kitchen Ventilation System Market is segmented into high volume low speed fans, axial fans, centrifugal fan sets, bifurcated fan sets, belt driven axial fans, in-line centrifugal and mixed flow impellers, and roof extract fans.

Commercial Kitchen Ventilation System Market: Region-wise outlook

Region wise, the global Commercial Kitchen Ventilation System Market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. The global Commercial Kitchen Ventilation System Market is expected to register healthy CAGR during the forecast period. Asia pacific is expected to dominate Commercial Kitchen Ventilation System Market throughout the forecast period.

Significant presence of commercial restaurants along with substantial rise in overall consumer spending is expected to drive the demand for kitchen ventilation in the region. Next, North America and Europe are expected to create substantial demand for commercial kitchen ventilation systems. Market in Latin America and Middle East & Africa is expected to grow at a subdued rate owing to low consumer spending.

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Commercial Kitchen Ventilation System Market: Key Players

The Key players operating into the Commercial Kitchen Ventilation System Market are Britannia kitchen ventilation ltd, CaptiveAire Systems Inc., Centrotee Sustainable AG, Greenheck Fan Corporation, Munters AB, Nortek Incorporated, Flakt Woods Group and Solar & Palau Group. Major players in the global Commercial Kitchen Ventilation System Market are focused on product innovation and product certification to maintain their competitive edge in the global Commercial Kitchen Ventilation System Market.

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

Key Segments Profiled in the Commercial Kitchen Ventilation System Market Survey

By Contact with Application Type:

  • Restaurants
  • Hospitals
  • Corporate Offices
  • Hotels
  • Five Star Hotels
  • Others

By Fan Type:

  • High Volume Low Speed Fans
  • Axial Fans
  • Centrifugal Fan Sets
  • Bifurcated Fan Sets
  • Belt Driven Axial Fans
  • In-Line Centrifugal
  • Mixed Flow Impellers
  • Roof Extract Fans

By Region:

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

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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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Drum Pump Market 2022-2032 Research Covers,by Future Market Insights, Inc.

The global drum pump market is expected to be valued at US$ 503.6 Million in 2022. Increasing adoption of advanced technology for effectively delivering the drug to the target site is expected to drive overall market growth. The overall demand for Drum Pump is projected to grow at a CAGR of 6.2% between 2022 and 2032, totaling around 921.0 Million by 2032.

According to Future Market Insights, Europe will have an 18.0% market share of the global Drum Pump market by 2022. Due to strong technology adoption and a developing equipment manufacturing industry throughout the region, Europe has a significant market share.

According to IFFFA, the increasing use of manual tools throughout the industry is the primary factor limiting market growth in the area. Germany and the United Kingdom have a significant share of the regional market due to the increasing expansion of food and beverage and specialty chemical producers in the region.

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Drum Pump – Market Dynamics

Growth in demand of the drum pump market is expected to raise muscularly for numerous reasons. One of the significant factors contributes towards the growth of the drum pump is growing demand by the various industry including oil, chemical, milk, and lubricant etc. Industries import and export the liquids in the big container rather than the small container for saving the shipping and transportation cost.

For dispensing the liquid from big container industries prefer drum pump, so it drives the drum pump market positively. It allows speedy transfer of liquid without spillage it is another factor which contribute to the growth of the drum pump market. Moreover, drum pump saves considerable time, resources & manpower for dispensing the liquid and allow flow control at outlet through the ball valve, they also participate in the growth of the drum pump market.

The demand of the drum pump market is expected to witness an above average growth due to increase in the demand for drum pump by various industry.Many industrial fluids being very heavy once they are filled into a drum and barrel. Forgetting the liquid outside the drum or barrel manufacturer use drum pump instead of trying to get the liquid by tipping. High demand of the drum pump is generated by the various industries and it is expected to grow during the forecast period.

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Drum Pump – Market Segmentation

Globally, the drum pump market can be segmented on the basis of product type, by material and by application. On the basis of product type drum pump market is segmented into Electric driven, Hydraulic, Rotary / Manual pump, Pneumatic, and others. On the basis of material type drum pump market is segmented into plastic and metal. The plastic segment is sub-segmented into Chlorinated Polyvinyl Chloride (CPC), Polypropylene (PP), Polyvinylidene Fluoride (PVDF) and others.

The metal segment is sub-segmented into Stainless steel, cast iron, aluminium, and others. On the basis of application type drum pump market is segmented into Petroleum industry, Chemical plants, Food processing plants, Manufacturing plants, Automotive industry, wastewater treatment, laboratories etc.

Drum Pump Market – Regional Outlook

The drum pump market can be segmented into North America, Latin America, Europe, Middle East, Africa and Asia Pacific. North America is anticipated to be the largest market for the drum pump market, primarily driven by manufacturer preference towards drum pump which acts as cost-effective and efficient dispenser tools for variety of liquid. Latin America also has a good presence in the drum pump market.

Furthermore, Eastern Europe followed by the Middle East is anticipated to be the second largest marketfor the drum pump. The recent development in the drum pump market has shifted its production base to the east, especially in Asia, the emerging players from China, India and Middle East have started taking the market share in the drum pump industry.

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Drum Pump Market – Key Players

Few of the major players identified across the globe in the drum pump market are Fluidyne Instruments Pvt. Ltd., FLUX, Kecol Pumping Systems Ltd,Iwaki Pumps Australia Pty Ltd, JESSBERGER GnbH, Finish Thompson Inc., Lutz Pumps, Inc, NZ Pump Company Inc, Graco etc.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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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Switched Reluctance Motors Market 2022-2032 Research Covers,by Future Market Insights, Inc.

The global switched reluctance motors market size was valued at around US$ 499.3 Mn in 2021 and is expected to surpass a valuation of nearly US$ 950 Mn by 2032, exhibiting a robust CAGR of 6.28% during the forecast period (2022-2032). Rising applications of switched reluctance motors in electric vehicles, fuel pumps, electric power steering, vacuum blowers, etc. is pushing the demand for switched reluctance motors worldwide.

Electric motors powered by reluctance torque are known as switched reluctance motors. When compared to other motor types, these motors provide higher efficiency, greater reliability, and improved performance.

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Because of their simple and robust structure, switched reluctance motors have become ideal motor types for high-speed applications in recent years. They are quickly becoming popular as traction motors in electric and hybrid vehicles. Because of their simple and rugged construction, energy efficiency, and high-speed operation ability, they are also used in wind energy systems and coal mining equipment such as conveyors, cutters, and coal plows.

Switched reluctance motors tend to perform well even in harsh environments, making them suitable for use in nuclear reactors and mines. As these industries expand, so will sales of switched reluctance motors during the forecast period.

Leading manufacturers of switched reluctance motors are constantly innovating to improve the features of switched reluctance motors. They are receiving significant investments from a variety of investors in order to develop next-generation switched reluctance motors for the electric motor market.

Thanks to their simple design, higher energy efficiency, and robustness, switched reluctance motors have gained huge traction across automotive industry where they are used in electric and hybrid vehicles.

Factors such as growing concerns regarding high emission levels of vehicles and implementation of stringent carbon emission levels have prompted both manufacturers and consumers to switch over to electric and hybrid cars.

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According to the International Energy Association (IEA), over 10 Mn electric cars were on the world’s roads in 2020 and this number is further expected to surge in future. As switched reluctance motors are being extensively used in these electric vehicles, rise in their sales will eventually spur the growth in switched reluctance motors market.

Key Players:

  • Infineon Technologies AG
  • Nidec SR Drives Ltd.
  • E. KRETZSCHMAR
  • Domel, d.o.o.
  • MACCON
  • Renesas Electronics Corporation
  • Ramco Electric Motors
  • Regal Beloit Corporation

Key Segments Profiled in the Switched Reluctance Motors Industry Survey

By Product Type:

  • Single Phase
  • Double Phase
  • Triple Phase
  • Multi-Phase

By Application:

  • Electromechanical brake system
  • Fuel Pump
  • Electric Power Steering
  • Hybrid/ Electric Vehicles
  • Vacuum Blowers
  • Other

By Region:

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

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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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Smart Insulin Pens Market is expected to post massive gains, expanding at a staggering double digit CAGR through 2031

[108 Pages Report] ESOMAR-certified consulting firm Future Market Insights (FMI) projects the global smart insulin pens market is likely to surpass the billion dollar mark by 2021, expanding at a positive CAGR, as per a newly published research report. A stupendous double digit growth rate has been predicted for the market in the long-run. Growing preference for non-invasive treatment and the ever widening diabetes burden are likely to steer the market in a forward direction.

According to FMI’s report, the market posted significant gains in the past, with Bluetooth smart insulin pens generating over 30% of the revenue share in 2017. Also, according to the International Diabetes Federation, presently, just under half a billion people are living with diabetes worldwide, and their number is projected to increase by 25% in 2030, and 51% by 2045 respectively.

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Manufacturers, therefore, are leveraging these trends to introduce novel and innovative product lines, enabling them to secure a firm footing in the market. In November 2020, for instance, Medtronic launched its InPenTM smart insulin device equipped with real-time GuardianTM Connect CGM Data- the first smart insulin pen for diabetics on multiple daily injections. Recently, in April 2021, BioCorp and Roche Diabetes Care launched the Mallya smart insulin pen device in France.

Key Takeaways from FMI’s Smart Insulin Pens Market Report

  • By connectivity, Bluetooth connected smart insulin pens to account for over half of the revenue share by 2031
  • By indication, type 2 diabetes treatment to account for the bulk of smart insulin pens deployment
  • Retail pharmacies were the primary distribution channels for smart insulin pens, e-commerce sales spiking rapidly
  • US to experience credible growth amid increasing approval rates for new diabetes management devices
  • Growing preference for needle-free insulin injections to widen adoption across the UK
  • Germany & France to experience increased collaborations between key manufacturers in the long-run
  • Large concentration of regional level manufacturers to pivot growth across India and China

Smart Insulin Pens Market – Key questions answered in the report

  • What trends are in store for the smart insulin pens market growth?
  • According to FMI, the global smart insulin pens market is likely to register a multi-billion dollar valuation in the short and long-run forecasts, attributed to a general increase in the global diabetic population pool and the consequent increase in hospital workload. Demand for Bluetooth connected smart insulin pens is expected to remain especially high
  • Which is the most promising smart insulin pens market?
  • As per FMI’s analysis, demand for smart insulin pens are expected to remain high across the US market, attributed to unceasing efforts by the government to eradicate the diabetes epidemic by virtue of extensive advertising campaigns. Additionally, India and China are expected to emerge as the dominant markets in the Asia-Pacific region, characterized by the presence of numerous regional level manufacturers

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Which prominent players operate in the global smart insulin pens market?

  • Digital Medics Pty Ltd.,
  • Emperra GmbH e-Health Technologies,
  • Companion Medical Inc.,
  • Sanofi Aventis LLC,
  • Novo Nordisk A/S,
  • Eli Lily and Company,
  • Companion Medical,
  • Diabnext,
  • Jiangsu Delfu Medical Device Co. Ltd.,
  • DIAMESCO Co Ltd.,
  • Patients Pending Ltd (Bigfoot Biomedical Inc.),
  • BERLIN-CHEMIE

are some major smart insulin pens manufacturers profiled in FMI’s report

Competitive Landscape

Major insulin pens manufacturers are effectively leveraging major expansion strategies, ranging from new product launches and R&D to collaborating with existing manufacturers or outright/partial acquisition of key market players. A major emphasis is being laid on incorporating virtual technological advancements to enhance diabetes management.

In February 2021, Novo Nordisk and the University of Toronto announced a CAD 40 million investment deal to establish the Novo Nordisk Network for Healthy Populations. This network will focus on new approaches to address diabetes and aid in chronic disease prevention. This will likely help broaden smart insulin pens development.

Companies are also focusing on providing advanced software platforms, such as Digital Medics’ DiabetesPlus DataSync Software. This platform enables users to download insulin and glucose data directly from the device. Key features include downloading insulin data from the insulin pen, glucose levels from the glucose meter and synchronization of data on the Cloud for use with mobile devices.

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According to FMI’s report, the following insulin pens manufacturers currently operate in the global market:

  • Digital Medics Pty Ltd.
  • Emperra GmbH e-Health Technologies
  • Companion Medical Inc.
  • Sanofi Aventis LLC
  • Novo Nordisk A/S
  • Eli Lily and Company
  • Diabnext
  • Jiangsu Delfu Medical Device Co. Ltd.
  • DIAMESCO Co Ltd.
  • Patients Pending Ltd (Bigfoot Biomedical Inc.)
  • BERLIN-CHEMIE

Smart Insulin Pens Market – Key Segments Covered

Indication

  • Diabetes Type I
  • Diabetes Type II

Connectivity

  • Bluetooth Connected
  • USB Connected

Distribution Channel

  • Clinics & Ambulatory Surgical Centers
  • E-Commerce
  • Retail Pharmacies

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 9-years.

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Future Market Insights,
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