Aquarium Decor Market is Projected to Reach US$ 3.42 Bn by 2032 | FMI

The aquarium decor market is poised to reach a valuation of US$ 2.54 Bn in 2022. Sales are projected to increase at a 3.0% CAGR, with the aquarium decor market size reaching US$ 3.42 Bn by 2032.

The environment-friendly decor concept is emerging as a major trend force in the aquarium décor market. Products depending on their quality, are being manufactured and purchased in the market. High-quality aquarium accessories are made of polycarbonate. They are durable and biodegradable. Wood Aquarium decor, which is durable, is demanded by consumers, that is, pet parents who have fish as pets. The rise of fish adoption as a “Stress buster “positively impacts the demand for aquarium decor globally. As a result, new aquarium decors are manufactured in different designs, sizes, etc.

Nowadays, due to the rise of awareness among consumers about environmental sustainability, they prefer more environmentally friendly products. Consumers demand natural and live plants, toys made from stones, ornaments made from natural material, etc., as they are more durable and biodegradable. Not only has this changed the aquarium décor market outlook, but also impacted the other industries heavily.

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Key Takeaways from the Aquarium Decor Market Study:

  • In the last two to three years’ e-commerce sites have contributed majorly to the aquarium decor market
  • The worldwide aquarium decor industry is being led by North America.
  • A variety of fish clubs and organizations are also driving the demand for aquarium decor by helping to expand the hobby and increase awareness of these threatened animals.
  • The ornamental objects phase in aquarium add-ons marketplace is predicted to account for the biggest proportion of aquarium decor market share throughout the forecast period and is normally pushed via way of means of the growing recognition of aqua spaces among the hobbyists.

Competitive Landscape

The leading manufacturers of aquarium decor are focused on sustainability of the environment, growing culture of fish farming that have driven sales growth of Aquarium decor globally.

The pandemic and lockdown had positive impact on the e-commerce websites which sold aquarium décor and advertised using social media platforms like Instagram, YouTube etc. But due to the break I supply chains, travel bans there was a very big negative impact on the aquarium decor industry.

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“The aquarium décor industry is predicted to be befitted by the rising rates of fish adoptions. However, the growing awareness of importance of sustainability of the environment is likely to act like the driver for the aquarium decor market’s expansion globally”- FMI Analyst said.

Major players present in the aquarium décor market are Penn Plax, Qian Hu, Interpet, JebaoTropical Marine Centre Spectrum Brands Guangdong Boyu Group, API, Aquaria, AZOO, United Pet Group, ZooMed, Hagen, Blue Ribbon, Hailea Arcadia, Live Aquaria, Aqueon, Guangdong Boyu Group AND Spectrum Brands among others.

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Future Market Insights, in its new offering, provides an unbiased analysis of the global Aquarium decor market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the Aquarium decor market based on by products (plants, toys, ornaments, statues and others), by material (clay, ceramic, plastic, coral, stones, resin and others) by price range (low, medium, and premium), by sales channel (e-commerce websites, company owned websites, hypermarkets and supermarkets, specialty stores and other retail stores) & region.

Key Segments Profiled in the Ironing Table Industry Survey

Ironing Table Market by Classifications:

  • Steel Ironing Table
  • Aluminum Ironing Table
  • Plastic Ironing Table

Ironing Table Market by Applications:

  • Households Ironing Table
  • Laundry Ironing Table
  • Apparel Industry Ironing Table
  • Hotel Ironing Table

Ironing Table Market by Types:

  • Portable table top ironing board
  • Wall-mounted iron table
  • Table-top or full-size ironing board

Ironing Table Market Region:

  • North America Ironing Table Market
  • Latin America Ironing Table Market
  • Europe Ironing Table Market
  • Asia Pacific Ironing Table Market
  • Middle East and Africa Ironing Table 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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Ironing Table Market is Anticipated to be Valued at US$ 2.16 Billion in 2022 | FMI

The ironing table market is estimited to be valued at US$ 2.16 Billion in 2022, forecast a CAGR of 7.1% to be valued at US$ 4.30 Billion from 2022 to 2032. Growth is attributed to the increasing modernization and urbanization coupled with the increasing purchasing power of consumers. From 2016-2021 a CAGR of 5.9% was registered for the ironing table market.

The ironing board simplifies the process of ironing clothes, allowing the user to do it more comfortably. Ironing boards are available to consumers via a store, outlets, and online platforms.

While millennials are known for dumping traditional household products, ironing boards are still staples in the majority of households.Consumers, while buying for ironing boards primarily look for foldability, frame design, measurements, iron rest, and durability.

Market players are looking for innovative ways to offer ironing boards.The warranty period or durability on an ironing board is very crucial because it is one of the aspects every consumer look at and is projected to gain significant prominence over the years to come. The global ironing boards market is anticipated to witness a robust CAGR amid the forecast period, 2020-2030.

Ironing Boards Market – Key Trends

Market players are introducing innovative and new ironing boards to re-energize their sales. They are posting online How to-videos to educate their millennial users about the fabric basics. For instance, Rowenta a manufacturer powerful irons and ironing board launched a unit on wheels that fold compactly to easily fit into a closet.  The majority of manufacturers are opting for their platforms or other online platforms for sales of the ironing board to extend their customer reach.

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These platforms offer significant discounts and are pulling in consumers.The sales of ironing boards are directly driven by sales of ironing products such as regular iron, steam iron, or steamers.

As steamers were gaining traction, the technological progressions by market players have introduced boards that can be moved in three different positions, from horizontal to upright. Designing a new device as the game-changer of the ironing chores will impact positively on the millennial’s dominated market.

Ironing Boards Market – Growth Restraints

Millennials’ preference towards other ironing variants such as steamer or the wrinkle remover setting on their dryers can hamper the sales of ironing boards. The height and sturdiness of theses boards matter a lot while using them, many users complain of no adjustable height and poor quality.

Additionally, ironing boards require proper maintenance as it could break if extra force is applied.Furthermore, ironing boards are quite expensive which can impact sales negatively during the forecast period.

COVID-19 Impact Analysis on Ironing Board Market

The COVID-19 outbreak affected not only the ironing industry but the ironing boards too. The market is witnessing low demand due to consumers strictly the following stay at home orders amid the crisis, this has led the market towards the supply-demand gap. The demand for ironing boards might pick up in the second half of the years due to the relaxation of lockdown to a few extent and individuals will return to outdoor routines.

Ironing Boards Market – Region-wise Analysis

North America will be accounting for the biggest market share owing to the availability of a wide assortment of ironing boards suitable according to different requirements of the consumer base.

The Asian region has shown impressive growth in production and consumption of ironing boards as market players from these regions have been making efficient ironing boards with the least expenses. Moreover, strong distribution channels have also made the ironing boards available to common masses at low costs.

Ironing Boards Market – Competitive Analysis

Prominent players in the global ironing boards market include –

  • Flipzon
  • Magna
  • PAffy
  • Solimo
  • Galoppia
  • Orril
  • Magna Homewares
  • Oumffy
  • Bathla.

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The market is driven by continuous product innovations and renovations and comprising features that are suitable for a different class of consumers. For instance,Oumffy has introduced self-standing and foldable ironing boards that are extra wide and ergonomic and adjustable in four different heights.

Homz has launched ironing board T-leg has 100% cotton cover with polyurethane foam pad and withstands heat resistance of a 450-degree iron. The company has also launched a heavy-duty Durabuilt Ironing board that has mesh- improved steam flow steel top with scorch guard and stain-resistant cotton covers.

Global Ironing Boards Market: Key Players (this is an indicative list – full list of key players available upon request)

  • Whitmor
  • Leifheit
  • Brabantia
  • HOYO
  • Ybm home
  • Forever Holdings
  • Honey-Can-Do
  • Household Essentials
  • Homz
  • Widemex
  • Casa
  • Parker
  • Hafele America
  • Westex
  • Minky

Regions and Countries Analyzed in the Report

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

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Ironing Boards Market – Market Segmentation

By Classifications

  • Steel
  • Aluminum
  • Plastic

By Applications

  • Households
  • Laundry
  • Apparel Industry
  • Hotel

By Types

  • Portable table top ironing board
  • Wall-mounted iron table
  • Table-top or full-size ironing board

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About FMI:

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

Contact:

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Ceramic Barbeque Grill Market is Expected to be Valued at US$ 910.8 Million in 2022 | FMI

The Ceramic Barbeque grill market is set to witness steady growth during 2021-2031, with a CAGR of around 4.5%.

Demand for Ceramic Barbeque grill will witness steady growth attributing to the rising number of outdoor recreational activities. Additionally, the opening of new bars, restaurants, fast-food joints, and the various health benefits of food cooked in grills are likely to project high sales of Ceramic Barbeque grills.

Ceramic Barbeque Grill Market Forecast and CAGR

The Ceramic Barbeque grill market is set to witness steady growth during 2021-2031, with a CAGR of around 4.5%. Demand for Ceramic Barbeque grill will witness steady growth attributing to the rising number of outdoor recreational activities. Additionally, the opening of new bars, restaurants, fast-food joints, and the various health benefits of food cooked in grills are likely to project high sales of Ceramic Barbeque grills.

What is Driving Demand for Ceramic Barbeque Grill Market

Evolving end-user demand for lightweight and long-lasting cooking equipment is likely to favor the growth in demand for Ceramic Barbeque grills. Additionally, the changing preferences of individuals of outside gatherings, participating in outdoor sporting activities are expected to expand the demand for the Ceramic Barbeque grill industry.

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Moreover, the Ceramic Barbeque grills are an impeccable invention, having vast usability in both residential and commercial sectors. The traditional Ceramic Barbeque grills have always been an efficient mode of cooking as it consumes comparatively much lesser amount of fuel and its unique shape favors the ability to quickly raise the temperature of the inner surroundings.

Sales of Ceramic Barbeque grill go through a cyclical boom-and-bust, which has remained a longstanding challenge for manufacturers. The fluctuation has meant that many manufacturers are often caught off-guard with respect to capacity utilization and expansion.

Product Innovation Likely to Augment Ceramic Barbeque Grill Sales

Sales of Ceramic Barbeque grills are likely to grow due to the growing demands of customers, who have encouraged the manufacturers and suppliers to provide grills with new technology and features. The introduction of touch screen controls, temperature measurement, in-built safety control systems, and options to redirect the heat flow is likely to create opportunities in various service sectors, therefore, boosting the sales of Ceramic Barbeque grills.

Cooking appliances sales around the globe have been impacted by the COVID-19-induced slowdown. This has also had a ripple effect on cooking components and material sales. As lightweight and innovation is a key focus area for all the industries OEMs, Ceramic Barbeque grill manufacturers are likely to witness various opportunities in the future.

Additionally, the innovation in the material used for the production of Ceramic Barbeque grills such as stainless steel and other alloys extends the life of the product. The manufacturers are investing in R&D facilities to use materials that have a longer lifespan. Further, the availability of various sizes of Ceramic Barbeque grills expands the market reach by providing the customer with desired products. Therefore, the sale of Ceramic Barbeque grills is projected to grow.

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COVID-19 Impact on Ceramic Barbeque Grill Market

The sudden outbreak of Coronavirus had hit the global public health emergency hard and had affected the economic activities of all the industries, the Ceramic Barbeque grill industry is no different. The regulations ruled out by the government to maintain social distance, neglect unnecessary movement, and pause of trading of materials had affected the working of industries.

Further, the shutdown of industries caused a lack of strength for employees, reducing the production capacity and shortage of logistics reduced the market share.

The changing preferences of individuals, growing purchasing of essential products led to the downfall of demand for Ceramic Barbeque grills. Many regions that relied upon the trading of materials to maintain the economy were affected majorly as their market presence and share dropped.

U.S. and Canada Ceramic Barbeque Grill Market Outlook

The U.S. is one of the largest markets for Ceramic Barbeque grill globally. The US Ceramic Barbeque grill market is set to trend on the historic pattern of bust and boom during the assessment period 2021-2031. Demand is likely to remain muted in the next couple of years, as a number of end-use industries make a gradual recovery.

Demand for Ceramic Barbeque grill in U.S. and Canada is projected to grow owing to the rising demand and adoption of grills due to the various health benefits as it consumes less oil, provides the higher nutritional value of food, and others. Further, the culture in the countries of North America promotes outdoor gatherings and the presence of a high economy reduces the cost price of products, therefore, growing the sales of Ceramic Barbeque grills.

Europe Demand Outlook for Ceramic Barbeque Grill

European market, especially the western area with countries like Germany, the U.K., France, Italy are likely to project higher sales of Ceramic Barbeque grills. The upsurge in demand for innovative and efficient products such as hybrid and electric grills are expected to boost the sales of Ceramic Barbeque grills.

Moreover, the forever-running trend of gathering and giving treats to family and friends that has become a pattern in the European culture and the rising number of restaurants, breweries, fast-food joints are likely to expand the demand for Ceramic Barbeque grills.

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Additionally, many countries in Europe have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. However, the presence of favorable government and adapting and evolving nature of manufacturers and suppliers are likely to help them recover from the fallback and thus, create new opportunities for all industries including Ceramic Barbeque grills.

Who are the Key Manufacturers and Suppliers of Ceramic Barbeque Grill?

Some of the leading manufacturers and suppliers of Ceramic Barbeque grill include

  • KimodoCeramic Barbeque, Ceramic Barbeque Joe®
  • Royal Gourmet Corporation,
  • BIG GREEN EGG
  • Yixing Mcd Oven Co. Ltd.
  • Wuxi M.Y. Advanced Grill Co., Ltd.
  • Argos Limited, Bull Europe Limited,
  • LANDMANN GmbG & Co.
  • Handels-KG,
  • JUJIAN AUPLEX CERAMIC BARBEQUE GRILL
  • Breakaway
  • com,
  • GRILL DOME CERAMIC BARBEQUE
  • Onward manufacturing Company Ltd.
  • Cox Brothers Electrical Company Ltd.
  • and many others.

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.

Key Segments

By Size:

  • 13 Inch – 15 Inch
  • 16 Inch – 22 Inch
  • 23 Inch & Above

By Product Type:

  • Gas
  • Charcoal
  • Electric

By End Use:

  • Residential
  • Commercial

By Distribution Channel:

  • Wholesalers/ Distributors
  • Supermarkets/ Hypermarkets
  • Independent Kitchen Appliances Stores
  • Online Retailers
  • Others

By Region:

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other 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.

Contact:

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Automotive Brake System & Components Market Poised to Register 4.7% CAGR through 2032

A new study conducted by Future Market Insights (FMI) reveals that demand for automotive brake system and components will be driven by innovation in automotive ingenuity over the next couple of years. Electronics has over time evolved as the most crucial part in automotive. Integration of electronics has provided new growth dimensions to the automotive safety system. With the arrival of advanced electronic brake technology, companies are now looking forward to channelizing resource on further research and product development. The automation sector is always under the radar of regulatory authorities and is required to comply with various rules that are incessantly enforced in the interest of both passenger safety and environmental preservation.

The global automotive brake system & components market is set to be valued at US$ 66,414.8 Mn in 2022 and is projected to grow at a CAGR of 4.7% from 2022 to 2032. The automotive brake system & components market is expected to reach a valuation of US$ 105,131.2 Mn by 2032.

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Additional Highlights of the Report Include:

  • On the basis of sales channel, aftermarket sales are expected to account for 51.1% value share of the market in 2017, which is expected to increase to around 54.3% by 2027.
  • Among vehicle type, demand for brake components in passenger cars is expected to remain robust throughout the forecast period. Passenger cars are expected to account for nearly 73.9% value share of the market over 2027.
  • The disc brake is expected to emerge as the most preferred brake type and is expected to witness a considerable rise in its demand during the forecast period.
  • The growth of high-performance cars and requirement for better friction materials to meet vehicle braking standards are observed as two of the major factors responsible for the market’s growth.

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Market Segmentation

By Sales Channel

  • OEM
    • Drum Brake
    • Disc Brake
  • Aftermarket
    • Brake Booster
    • Master Cylinder
    • Drum Brake
      • Drum
      • Brake Shoe
      • Wheel Cylinder
  • Disc Brake
    • Rotor
    • Caliper
    • Brake Pad

By Vehicle Type

  • Passenger Car
  • LCV
  • HCV

By Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • APEJ
  • Japan
  • MEA

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Amongst regions, North America and Western Europe are currently exhibiting significant market potentials owing to the existence of well-established automobile manufacturers in these regions. Meanwhile, the market in Asia Pacific excluding Japan (APEJ) continues to expand at an impressive rate, which is attributed to the emergence of countries such as China and India as major manufacturing hubs.

About Future Market Insights (FMI) 

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

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Bird Cages and Accessories Market is Estimated at US$ 2.5 Billion in 2022 | FMI

The bird cages and accessories market is valued at US$ 2.5 Bn in 2022. Sales are projected to increase at a 5.0% CAGR, with the market expected to  reach US$ 4.1 Bn by 2032.

There has been an increase in the demand for decorative cages so that they suit the aesthetics of the place. The bird cages and accessories market is also driven by the fact that there has been an increase in the disposable income.

Moreover, there has been an increase in the adoption of pet birds in almost every part of the world. This is expected to increase the demand for bird cages and accessories during the forecast period. Additionally, the rapid growth of E-commerce presents a huge opportunity for the market. The simple reason being that the customers get to select from a variety of brands.

Moreover, in the current times, the manufacturers are laying a lot of emphasis on the quality of the product. To ensure this, they are using high standard raw materials so that the cages and the accessories present a non-toxic, safe, and natural environment for the soft bodies of the pet birds. This might increase the sales of bird cages and accessories during the forecast period.

However, if there is a sub niche which has greatly furthered the growth of the market, it is the poultry cages segment. There has been an increase in the consumption of poultry products as they ensure a healthy body.

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Another reason why the poultry cages are a huge source of revenue for the market is because people can afford to start a business in this niche because of the requirement of low capital.

Thus, from the insights presented by FMI, it can be inferred that an increase in the disposable income, coupled with the rise of the poultry cage market, and many other factors are expected to drive the bird cages and accessories market.

Key Takeaways

  • The bird cages and accessories market is expected to grow at a CAGR of 5% during the forecast period.
  • The bird cages and accessories market has a valuation of US$ 2.5 bn as on 2022.
  • By 2032, the market is expected to reach a valuation of US$ 4.1 bn.
  • North America is the largest bird cages and accessories market, and had a market shared of 21% in 2021.
  • Europe is expected to be one of the most significant markets.
  • Asia Pacific is expected to be the fastest growing bird cages and accessories market during the forecast period.
  • Based on type, the cages segment has the highest bird cages and accessories market share.
  • Based on the sales channel, the online retailers segment has the highest market share.
  • Based on price range, the premium segment has the highest market share.

Competitive Landscape

The key players are making the best use of the available technology to manufacture top quality products. Additionally, the market is also experiencing a number of mergers and acquisitions because of a variety of reasons, some of which are product diversification, and entering into new regions.

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Some of the recent developments are:

  • In May 2022, Prevue Pet Products received the prestigious Vanguard award for avian merchandising.
  • In July 2022, Salmet had developed SalProgress+, which is a unique way of installing a wide array of sensors and other data collectors in poultry farms.

Bird Cages and Accessories Market by Category

By Type:

  • Cages
  • Perches
  • Travel carriers
  • Others

By Price type:

  • Economic
  • Medium
  • Premium

By Bird Type:

  • Small birds
  • Large birds

By Sales Channel:

  • Wholesalers/ Distributors
  • Hypermarkets/ Supermarkets
  • Specialty Stores
  • Pet shops
  • Online Retailers
  • Other Sales Channel (Direct Sales, Independent Stores, Departmental Stores)

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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About FMI:

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

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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Refurbished Sneaker Market is Likely to Touch a Valuation of USD 407 Mn by 2032 | FMI

The refurbished sneaker market is estimated to observe growth at a CAGR of 8.5% and is likely to touch a valuation of USD 407 Mn by 2032, while it holds a revenue of USD 180 Mn in 2022. Global study on refurbished sneaker market explains that the market conditions are in favor of the stained, marked, discoloration, and fading sneakers that fuel the sales of refurbished sneakers.

These sneakers are with no sign of wear or flaws and are gently worn. These sneakers are generally cosmetically flawed with visible light wear. Another factor that fuels the demand for refurbished sneakers is their easy availability and well-worked sales channel.

Covid-19 and the lockdowns followed by it led to job losses and impacted the middle- class strata with the economic crisis. Therefore, the investment in new branded sneakers is next to impossible task.

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Research report on refurbished sneakers market explains that the refurbished sneaker market holds a fruitful future for the new brands introduced refurbished. It’s a win-win concept for the brands as the flawed, slightly used and deformed pairs will no longer be a loss factor for the manufacturing company.

Key Takeaways from Market Study

  • The refurbished sneaker market is expected to increase with a market share of 22.86% in North America.
  • Europe is expected to account for 18.67% market share during the assessment year.
  • Refurbished sneaker market demand analysis explains that the start-ups are innovating various new refurbishment methods along with better sales channel management and enhanced marketing funnels.
  • Mumbai based startup, Greensole recycles and refurbishes old shoes into best comfortable eco-friendly vegan shoes and stylish shoes for men, women and children.

 “Latest fashion influencers adopting and promoting sneakers along with higher affordability and accessibility gains traction for the market and is anticipated to fuel it during the forecast period.People went through the cash crunch post-covid-19 and it has taken them some time to get recovered from the phase. However, companies have understood the task and have started introducing cheaper products. Though, another, options that the vendors hold is the introduction of a refurbished section.”  says a Future Market Insights analyst.”

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Competitive Landscape

The Refurbished sneaker market is fragmented by the several key vendors present in the market to lift the market share of refurbished sneaker. These players are using various tactics to acquire bigger share in the market in recent years.

Some of the popular marketing methods adopted by key players are mergers, collaborations, partnerships, product launches, acquisitions and others during the forecast period.

Recent Market Development

  • Nike has launched its refurbishment section that extends the llife of eligible products by taking like-new, gently worn, and slightly imperfect kicks, refurbishing them by hands.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global Refurbished sneaker market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on Application (Food, Beverage, Pharmaceuticals, Other (Applications), Form (Natural Refurbished sneaker, Synthetic Refurbished sneaker), Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA)

Key Segments

Consumer Orientation:

  • Men
  • Women
  • Kids

Price Range:

  • Mass Refurbished Sneaker
  • Premium Refurbished Sneaker

Sales Channel:

  • Online
  • Offline

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • 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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Electric Scooters Market predicted to increase US$ 22.7 billion by 2032 | Future Market Insights

The global electric scooters market is anticipated to grow at a CAGR of 9% during the forecast period. In 2021, the market valuation was US$ 8.8 billion. However, in 2022, the valuation jumped to US$ 9.59 billion, and by 2032, the market is expected to have a valuation of US$ 22.70 billion.

The electric scooters are believed to be one of the easiest modes of commutation. Therefore, they are being increasingly used by ridesharing companies. Moreover, the charges associated with the usage are also nominal.

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Electric scooters are also popular amongst the investors, as they do not produce much noise while plying on roads, and this is something which the authorities across the world look out for. Additionally, they also do not emit greenhouse gases. Because of this reason, the governments and other governing authorities across the globe are putting huge amounts of money to promote the manufacturing of electric scooters. This is expected to increase the sales of electric scooters during the forecast period.

Moreover, the maintenance cost associated with electric scooters is much less as compared to conventional scooters or bikes. This as well might boost the electric scooters market during the forecast period.

It is a global news that the fuel prices at rising at a rate like never before. This presents a huge opportunity to the electric scooters and undoubtedly, the market is making the best use of this. As the name suggests, the electric scooters are operated using electricity.

Additionally, more and more players, be it local or global are entering into the electric scooters market because of the benefits associated. This might as well surge the demand for electric scooters.

Furthermore, rapid urbanisation is also one of the reasons which is fuelling the growth of electric scooters market. The reason being, because of construction and related activities, the pollution level tends to increase. To contain the rising pollution, the authorities encourage the usage of electric scooters.

Thus, the FMI researchers are of the view that rapid urbanisation, low cost of commutation and a number of factors are expected to drive the electric scooters market during the forecast period.

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Key Takeaways:

  • The electric scooters market had a value of US$ 8.8 billion in2021.
  • The electric scooters market has a valuation of US$ 9.59 billion as on 2022.
  • The electric scooters market is expected to be valued at US$ 22.70 billion by 2032.
  • The market is projected to grow at a CAGR of 9% during the forecast period.
  • Based on the battery type, Li-ion is expected to have the largest market share during the forecast period.
  • Based on the product type, maxi electric scooters are projected to have the highest market share during the forecast period.
  • Based on the technology, the battery technology is anticipated to be the most preferred during the forecast period.
  • Asia Pacific is expected to be the largest market throughout the forecast period.
  • USA market expected to grow at a CAGR of 8.4% during 2022-2032.
  • UK electric scooters market projected to grow at a CAGR of 8.8% during the forecast period.
  • China projected to be the largest market.
  • India market expected to grow at a good rate.

Competitive Landscape

With a lot of buzz generating around the electric scooters market, the key players are taking the necessary steps to develop consumer oriented electric scooters, like employing GPS in the electric scooters.

Some of the recent developments are:

  • In July 2022, Ather Energy appointed Sanjeev Kumar Singh as the new Vice President of manufacturing and Harendra Saksena as the Chief Procurement Officer.
  • In September 2022, Tech Mahindra and Tada Cognitive Solutions partnered to digitally transform the supply chain networks for enterprises in the US.

Key Companies Profiled

  • Alta Motors
  • Ather Energy
  • Bajaj Auto
  • BMW Motorrad International
  • Cezeta
  • Energica Motor Company
  • Evoke Motorcycles
  • Hero Eco
  • Johammer e-mobility GmbH
  • KTM AG
  • Mahindra GenZe
  • Ninebot Limited
  • Okinawa Autotech Pvt. Ltd.
  • Piaggio & C. SpA
  • ReVolt Electric Motorbikes
  • Xiaomi
  • Yamaha Motor Company Limited.

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Electric scooters Market by Category

By Product Type:

  • Standard
  • Folding
  • Self-Balancing
  • Maxi
  • Three-Wheeled

By Battery Type:

  • Li-Ion
  • NiMH
  • Lead-Based

By Technology:

  • Plug-In
  • Battery

By Region:

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

About Future Market Insights (FMI) 

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

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Wedge Boots Market Size is Anticipated to be Valued at About US$ 4,940 Million by 2032 End

The global wedge boots market is estimated to reach a market valuation of US$ 3,400 Million by the year 2022, accelerating with a moderate CAGR of 3.8% by 2022-2032. Wedge Boots market size is anticipated to be valued at about US$ 4,940 Million by 2032 end.

Wedge boots have become a wardrobe staple for modern ladies thanks to its good looks, comfort, versatility, and wide availability of many types. The product’s popularity has skyrocketed alongside the influence of famous people on it, thanks to various forms of media such as movies, TV shows, newspapers, social media platforms, and more.

The increasing number of working women has led to a surge in interest in the demand for wedge boots. Wedge boots are popular in the winter because they help keep feet warm and dry, which is especially important in colder climes.

As more and more runways show highlight wedge boot styles, this serves as a crucial growth driver as it introduces the product to a larger audience and perhaps inspires more people to buy them. Wedge boots became commercially available after they became a staple at festivals, clubs, bars, and other social gatherings. Since most fashion enterprises are relocating to major cities, where the population is both more affluent and more fashion-conscious, this trend also contributes to the growth of the wedge boots market.

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Due to the widespread availability of wedge boots in retail establishments across Europe, including department shops, specialty boutiques, shoe stores, and shopping centres, the region is poised for rapid growth in the future years. Demand for wedge boots is rising thanks in part to the product’s suitability for use in popular night-time hangouts like bars, pubs, cafes, pool parties, concerts, and others. Increasing rates of shopping addiction are also contributing to the growth of the retail industry.

Key Takeaways

  • North America is the fastest growing region for the Wedge Boots market with a market share of 54%.
  • More and more runway shows are using different styles of wedge boots, which is likely to increase demand for them.
  • Manufacturers are releasing a new line of high-end wedge boots with innovative design and cutting-edge technology.
  • During the forecasted period, North America is anticipated to be the most important area for the wedge boots market with a share of 29.54%.
  • Asia Pacific wedge boots market has a market share of 76%.

Competitive Landscape

It is anticipated that major players in the wedge boots market would place increased emphasis on developing their businesses in the Asia Pacific region, notably in countries like India and China, as the demand for wedge boots continues to grow. The leading firms in the wedge boots industry are likely to increase their spending on R&D in the coming years as they attempt to keep up with the wedge boots market and stay ahead of the competition.

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The quality and durability of wedge boots are well-known. The proliferation of boot brands and the subsequent flood of new products has fuelled the growth of the wedge boots market. Since these items are used so frequently, especially in climates with milder winters and summers, rising demand for wedge boots is anticipated. We see a rise in demand for lightweight and flexible items as more cutting-edge production methods and materials become available. Leather shoes are highly sought after by consumers because of its durability and adaptability to a wide variety of settings and occasions, from manual labour to a night out on the town in designer heels.

Wedge boots continue to be in high demand, and companies are responding to consumer demand by releasing new, more fashionable ankle boots. Manufacturers are releasing a new line of high-end wedge boots with innovative design and cutting-edge technology. Those same factors are likely to play a significant role in driving the wedge boots market forward throughout the anticipated time frame.

The key players in the market include Clarks, Calvin Klein, GUESS, Charles, Wolverine, Calzaturificio Casadei SpA, Bottega Veneta, and Giuseppe Zanotti

Wedge Boots Market by Segmentation

By Size:

  • < 6 inches
  • 9 – 10 inches
  • 10 – 11 inches
  • > 11 inches

By User:

  • Men
  • Women

By Material:

  • Leather
  • Textiles
    • Cotton
    • Nylon
    • Wool
  • Synthetic Leather
  • Rubber
  • Foam

By Sales Channel:

  • Hypermarkets / Supermarkets
  • Footwear Stores
  • Convenience Stores
  • Online
    • Third Party
    • Company Website
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and 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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Dental Autoclaves Market is estimated to reach US$ 487.6 million by the end of 2032 | FMI

[250 Pages Report] The global dental autoclaves market was valued at US$ 277.4 Mn in 2021 and is expected to exhibit a CAGR of close to 5.3% over the forecast period. Equipment sterilization and management is an important aspect of any clinical setting. Dental instruments with reusable properties require good sterilization practices.

Prevention of contamination from patient to provider or provider to patient, or patient to patient is essential. In healthcare facilities, dental infection proliferation and spread is controlled through extensive sterilization processes which include steam and vacuum processes of dental equipment and instruments via dental autoclave systems.

Growth in the dental autoclaves market is associated with rising burden of dental diseases, owing to the changing lifestyle habits as well as dietary changes among individuals. Moreover, high prevalence of general dental ailments, such as dental caries or malocclusion are propelling the adoption of routine dental procedures, such as dental scraping.

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With advancements in medical device manufacturing integrated digital systems, dental autoclaves devices enable safe and time-efficient process of sterilization. These systems are capable of providing sterilization data with each cycle, and hence improve the efficacy of dental autoclave systems.

Increasing preference for cosmetic dentistry procedures is expected to create opportunities for growth in the market. With seemingly novel and non-interactive instrument composition, such as with stainless steel and nickel-titanium, the process of steam and vacuum sterilization presents an opportunistic approach in terms of instrument and material integrity, as the instruments have a certain heat-based resistance during the autoclave cycle.

Reduced process timings, better visualization of sterilization data, and the cost-effectiveness of autoclaving systems will continue pushing sales in the market over the forecast period.

Key Takeaways:

  • By product type, the fully automated sterilizers segment will account for 46% of the total market share by 2032, with demand growing at a 5.9% CAGR.
  • In terms of modality, total sales of table-top modalities of dental autoclaves held a dominant market share value of 65.9% in 2021. Sales in this segment are projected to increase at a 5.5% CAGR.
  • By loading, demand for front loading dental autoclaves is expected to grow at a CAGR of 5.5% over the forecast period.
  • Based on end user, the office based dental clinics will account for 37.4% of the total market share in 2022.
  • Sales in the U.S. are estimated to account for 81.8% of the North America dental autoclave market share in 2022.
  • Demand in the U.K. is projected to increase at a 5.5% CAGR, accounting for a lion’s share of the Europe dental autoclaves market over the forecast period.
  • China will emerge as lucrative pocket in the East Asia dental autoclaves market, with sales growing at a robust 10.8% CAGR through 2032.

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Competition Landscape

Leading players operating in the global dental autoclaves market are focusing on the introduction of novel or technologically advanced products to gain a competitive edge in the market. For instance:

  • In October 2021, Euronda obtained its Medical Device Registration (MDR) certification and became one of the first Italian companies with MDR certification for all its medical devices.
  • In March 2021, Mocom announced the opening of its new showroom and training centre headquarters including autoclaves, ultrasound tanks, thermal sealers and thermal disinfectors in Imola.

Key Market Segments Covered in Dental Autoclaves Industry Research

By Product:

  • Steam Autoclave Sterilizers
  • Electric Sterilizers
  • Fully Automated Sterilizers

By Modality:

  • Table-top
  • Portable

By Loading:

  • Top Loading
  • Front Loading
  • Pass Through

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By End User:

  • Hospitals
  • Ambulatory Surgical Centres
  • Office Based Dental Clinics
  • Group Practice

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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Automotive Ignition Coil Market is Anticipated to Register 4.4% CAGR through 2031 | FMI

Future Market Insights (FMI) has projected the global automotive ignition coil market to register 4.4% CAGR between 2021 and 2031. Growing adoption of dual spark ignition coils will continue increasing the demand in the market.

Sales of automotive ignition coils is particularly high in emerging economies such as India, China, and South Korea as these countries increase focus on improving fuel and engine efficiency.

Burgeoning sales of passenger vehicles across the globe also is augmenting the sales of automotive ignition coils, especially across South Korea and Japan. Over 75% of automotive ignition coil sales will be accounted by passenger cars, opines FMI.

As per Future Market Insights, Japan and South Korea will collectively account for over 14% of global market share over the forecast period

Due to the outbreak of novel coronavirus, sales of automotive ignition coils declined, registering growth at 0.1% CAGR by the end of 2020. However, recovery in automotive industry post containment of the pandemic will steer growth in the market.

According to the FMI’s analysis, the global automotive ignition coils market is expected to reach US$ 3.8 Bn in the next couple of years.

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Key Takeaways from FMI’s Automotive Ignition Coil Market Study

  • By vehicle type, passenger cars will emerge as primary automotive ignition coil end users
  • In terms of sales channel, original equipment manufacturers are likely to emerge dominant
  • In terms of product type, pencil ignition coils are the most preferred choice due to their accuracy and efficiency in reducing carbon emission and improving engine efficiency
  • Double spark coils will emerge as the most lucrative segment in terms of product, accounting for more than 50% of global automotive ignition coil sales
  • Heavy commercial vehicle (HCV) segment will account for more than 5.1% of global market share during the forecast period
  • Light commercial vehicle segment will register growth at over 3.1% CAGR between 2021 and 2031
  • Germany and the U.K. are anticipated to lead the Europe’s automotive ignition coil market on the back of increasing production of passenger cars

“Increasing production of passenger cars and higher integration of double spark ignition coils in compact and mid-size passenger cars are broadening prospects for the market players. To capitalize on existing opportunities and counter the threat from alternatives, market players are investing in technological advancements to develop innovative ignition coils that offer higher engine efficiency,” says the FMI analyst. 

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Competitive Landscape

Denso Corporation, Federal-Mogul Corporation, NGK Spark Plug Co. Ltd., BorgWarner Ludwigsburg GmbH., Valeo SA, Robert Bosch, Delphi Automotive PLC, Hitachi Automotive Systems Americas Inc., AcDelco, and Marshall Electric Corp among others are some prominent players operating in the automotive ignition coil market.

As per the FMI’s analysis, the market is consolidated with top 5 players dominating the automotive ignition coil market, accounting for over 30% of market share. Top 5 players include Denso Corporation, Diamond Electric, Hitachi Astemo Ltd., NGK Spark Plug Co., Ltd., Robert Bosch.

Market segmentation

Product Type

  • Can-type Ignition Coil
  • Electronic Distributor Coil
  • Double Spark Coil
  • Pencil Ignition Coil
  • Ignition Coil Rail
  • Others

Vehicle Type

  • Passenger Cars
  • LCV
  • HCV

Sales Channel

  • OEM
  • Aftermarket

Region

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

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More Insights on the Global Automotive Ignition Coil Market

In its latest report, FMI provides an incisive coverage on the global automotive ignition coil market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of vehicle type (passenger cars, light commercial vehicle, and heavy commercial vehicle), product type (can-type ignition coil, electronic distributor coil, double spark coil, pencil ignition coil, ignition coil rail, and others), and sales channel (original equipment manufacturers and aftermarket) across seven major regions (North America, Latin America, Eastern Europe, Asia Pacific excluding Japan, Western Europe, Japan and Middle East & Africa)

About Future Market Insights (FMI) 

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

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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