Airport Retailing Market is Anticipated to Reach Nearly US$ 79706.8 Mn by 2032

The  Airport Retailing market size is valued at US$ 26837.8 Million. The market is anticipated to reach nearly US$ 79706.8 Million by 2032, by witnessing an impressive CAGR of 11.5% from 2022 to 2032.

The retailing world in the airport space has significantly ballooned in the past few years with increasing physical space for non-aviation activities, as the core aviation activities like check-in, bag-drops are conducted remotely. This is further expected to facilitate future growth during the period of forecast.

What is Driving Demand for Airport Retailing?

The players operating in the industry are undertaking constant efforts to find out the compelling factors that is encouraging consumer to engage in shopping during travel. Convenience and boredom while waiting for the flight are few of the prominent factors that has driven airport retail purchases among consumers.

Besides this, tax-free is another prominent factor encouraging airport retail sales.Apart from the identifying the factors the players operating in the industry are also analyzing the consumer spending habits on airport.

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Travelers that are required to spend some time on airport before their journey located in the same vicinity are the prominent target consumers for players operating in the industry. Thus the efforts on the part of players to gain their attention is further expected to drive sales in the coming years. 

Improving Services through Technology & Personalization Facilitating Retail Sales

Apart from the players in the industry airports are also engaged in increasing and enhancing traveler’s experience through personalization and technology. For instance, many of the airports are engaged in leveraging a traveler’s experience through augmented reality and virtual reality that guides a traveler or a prospective consumer towards the retail stores they desire at the airport.

Thus, the efforts on the part of airport hubs to ensure that the travelers make the best possible use of their waiting time is further expected to drive retail sales during the forecast period.

US and Canada Airport Retailing Market Outlook

The United States is one of the prominent hub. The airport retail sales in US is also projected to reflect a stable growth during the forecast period 2021-2031. Demand is expected to remain muted currently as the pandemic outbreak has extensively impacted the travel sector across the world.

Since past few years airport shopping corridors in the United States and Canada have now become significant tourist hubs. The growing frequency of travel and tourists in this region had led to an increase in the airport retail sales. However, with the pandemic outbreak causing a drastic decrease in the footfall of tourism has currently led to a slowdown in demand.

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However, factors like growing attraction of brand towards airport retail arena, government initiatives to scale up revenues from airport are further expected to bring a slow recovery in the airport retail sales during the period of forecast.

Europe Demand Outlook for Airport Retailing

In the past few years the consumer’s spending habits have changed dramatically. Unlike before where consumers used to make spontaneous buying decisions, the consumers now conduct an active research regarding product availability and compare prices online and then make a purchase decision at the airport.

In light of this changing consumer habit, luxury travel purchases has gained popularity in Europe.In light of this growing luxury trend at airport retail, many luxury brands are considering airport as an antidote to fading malls.

Such changing perception on the part of luxury brands is further expected to drive penetration of brick and mortar stores in the airport hubs across Europe. Many well-established brands have claimed that the revenue generation through airports is rapidly increasing than the traditional department stores.

This is primarily observed in the case of beauty and fashion goods. However, the covid-19 pandemic outbreak has also significantly brought a downswing in Europe airport retail sales.

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Who are the Key Manufacturers and Suppliers of Airport Retailing?

Some of the leading players in the industry include

  • Dubai Duty Free
  • Airport Retail Group, LLC.
  • Dufry AG
  • King Power International
  • Heinemann SE & Co. KG
  • Flemingo International
  • Japan Airport Terminal Co. Ltd.
  • Others

Key Segments of Airport Retailing Market

By Category:

  • Fashion & Accessories
  • Perfumes & Cosmetics
  • Liquor & Tobacco
  • Food & Beverages
  • Others

By Type:

  • Direct Retailer
  • Department Stores
  • Supermarkets
  • Specialty Retailers

By Airport Size:

  • Small
  • Medium
  • Large

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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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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Smoking Accessories Market is Slated to Reach a Valuation of US$ 67 Bn in 2022

The global smoking accessories market is anticipated to garner US$ 101 Billion while expanding at a CAGR of 4.2% during the forecast period. The market is estimated at US$ 64.3 Billion in 2021 and US$ 67 Billion in 2022. Increasing adoption of organic makeup by consumers is expected to play a salient role in driving the market during the forecast period.

The demand for smoking accessories products is increasing, owing to the increasing disposable income of the consumers. The Smoking Accessories market is dominated by the lighter segment, accounting for nearly 42% share, owing to augmenting usage among the young population.

The growing culture of smoking among the young population along with an increasing number of smoking cafes and bars across various regions is propelling the market growth. The growing demand for smoking accessories in developing countries is further expected to fuel the market growth during the forecast period. Moreover, the easy availability of smoking accessories in diverse places is also contributing to market growth.

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Key Takeaways from the Market Study:

  • Vaporizers to account for over 30% market revenue in the smoking accessories domain
  • Sales of smoking filter and paper tips to rise at a value CAGR of 4.3% from 2022 to 2032
  • Based on distribution channel, online sales of smoking accessories is estimated to record a 4% CAGR
  • Asia Pacific is likely to account for the majority share of nearly 43% as of 2022
  • North America is estimated to gain significant traction in the market, accumulating 38% revenue

“An exponential growth in the number of smokers and the upward trend of smoking as a style statement especially among the young population has bolstered the demand for smoking accessories,” says a FMI analyst.

Competitive Landscape

Key players in the global Smoking Accessories market include Bull Brand, BBK Tobacco & Foods, LLP, Chongz, British American Tobacco PLC, Curved Papers, Inc., Univac Furncrafts Pvt. Ltd., Imperial Brands, Republic Technologies International, Jinlin (HK) Smoking Accessories Co., Ltd, Moondust Paper Pvt. Ltd., among others. Recent key developments among players are:

  • In August 2021, Philip Morris-a U.S based company acquired inhaled drug pharma firm OtiTopic as s part of its Beyond Nicotine Initiative. Phillip Morris International has been known around the world mostly for its cigarette products, with brands such as global best-seller Marlboro under its umbrella.
  • In June 2022, Hempacco (HPCO), a maker of hemp-based cigarettes, has disclosed terms for a proposed $14M initial public offering. The company announced the plans on offering 3M shares priced between $4 and $6 per share, which would raise $14M if priced at the midpoint.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the Global Smoking Accessories market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Type (Waterpipes Smoking Accessories, Vaporizers Smoking Accessories, Rolling Paper & Cigarette Tubes, Lighters, Filter & Paper Tip Smoking Accessories, Others) by Distribution Channel (Online Sale, Offline Sale) & Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)

Key Segments Covered in the Smoking Accessories Industry Analysis

Smoking Accessories Market by Type:

  • Smoking Waterpipes
  • Smoking Vaporizers
  • Rolling Paper & Cigarette Tubes
  • Lighters
  • Smoking Filter & Paper Tips
  • Other Smoking Accessories Types

Smoking Accessories Market by Distribution Channel:

  • Online Sale of Smoking Accessories
  • Offline Sale of Smoking Accessories

Smoking Accessories Market by Region:

  • North America Smoking Accessories Market
  • Latin America Smoking Accessories Market
  • Europe Smoking Accessories Market
  • Asia Pacific Smoking Accessories Market
  • Middle East & Africa Smoking Accessories Market

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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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Electric Boats Market is expected to grow at a CAGR of 12.9% During 2022 – 2032 | Future Market Insights

Research from Future Market Insights predicts that the global electric boats market will expand at a CAGR of 12.9% over the forecasted time period. The market for electric boats is expected to grow from US$5.65 billion in 2022 to US$19 billion by 2032.

The go-green initiative has catapulted the business models of multiple industries globally and the boating industry is no exception. With traditional gasoline and diesel powered boats significantly increasing pollution levels, the need for alternate sources of energy to propel boats has pushed manufacturers to introduce eco-friendly boats in the global market. Hybrid boats powered by solar energy are fast emerging as an attractive alternative to conventional boats owing to the zero emission factor.

Further, installation of solar panels in boats reduces the weight of the boats considerably, and offers an added advantage of noise reduction. This makes solar powered boats perfect for recreational activities. Manufacturers are innovating to design solar hybrids with increased passenger capacity in keeping with the rising market demand.

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Earlier, propulsion systems in boats were powered by lead acid batteries. The use of lead acid batteries in electric boats comes with several disadvantages including added bulk and low battery cycle time. The latest trend is the adoption of lithium ion batteries for power generation in boats. Lithium ion batteries with phosphate technology are the newest trend in the global market. Besides a huge life of 10 times more than lead acid batteries, lithium ion batteries are lightweight, charge faster, have low toxicity levels, and require relatively low maintenance. These batteries can be disposed of in an environmentally friendly manner as compared to lead acid batteries. These properties have shifted boat manufacturers’ preferences towards lithium ion batteries.

Increase in sales revenue of electric boats can be attributed to the following key factors:

  • Boost in the global recreational boating industry leading to high demand for boats
  • Focus on development of lightweight boats fuelled by electric power
  • Adoption of small size boats for purposes of maritime security
  • Focus on the reduction of emissions and awareness of the need to reduce environmental pollution

North America Undisputed Leader in the Global Market; Western Europe to Stay Second in Line

Needless to say, North America projects the highest demand and adoption of electric boats, given the thrust on boating as a leisure activity among the American population. Western Europe is the second biggest market in terms of sales of electric boats, again given the increasing preference for recreational boating activities in the region. Markets in the Middle East & Africa and India are yet to be fully tapped and are currently witnessing relatively moderate growth in terms of both demand and sales of electric boats.

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Market segmentation

The market is segmented as given below:

By Type

  • Pure Electric
  • Hybrid

By Boat Type

  • Small Size
  • Medium Size
  • Large Size

By Battery Type

  • Lead Acid
  • Lithium Ion
  • Nickel based batteries

By Power Output

  • Below 5KW
  • Between 5KE to 30KW
  • Above 30KW

By Region

  • North America
  • Latin America
  • South East Asia (SEA) and Pacific
  • Western Europe
  • Eastern Europe
  • Japan
  • Middle East and Africa (MEA)
  • China
  • India

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Recommendations for Key Players

Vendors in the global electric boats market need to focus on introducing newer hybrid models that can propel on diesel / petrol as well as electric systems in keeping with the surge in consumer demand. Focussing on certain key markets in developing economies can prove to be beneficial in the long run, given that the populace in these regions is growing financially and is looking for more water based recreational activities. Boating as a leisure activity is fast gaining traction and manufacturers would do well to expand their distribution network in fast growing economies of the SEA & Pacific and countries such as China.

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:

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Pet OTC Medication Market is Estimated to Reach US$ 8.5 Bn in 2022

The pet OTC medication market is poised to reach a valuation of US$ 8.5 Bn in 2022. Sales are projected to increase at a 4.5% CAGR, with the market size reaching US$ 13.2 Bn by 2032.

The global pet OTC medication market is forecast to grow at a steady rate during the assessment period. Rising pet adoption across the globe is expected to push sales in the market through 2032. Increasing awareness regarding pet healthcare has also made a significant contribution to the growth in pet OTC medication market.

Emerging markets in low and middle-income countries are expected to offer opportunities for expansion. In addition to this, surging demand for herbal topical medication for fleas and other allergies in pets will boost sales in the market.

“Rising availability of pet insurance in countries such as the U.S. and France, along with increasing demand for natural ingredient-based pet care products is expected to fuel the growth in the market over the assessment period,” says an FMI analyst.

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Key Takeaways:

  • Demand for natural ingredients-based medications is expected to gain traction at a considerable pace.
  • Chewables and tablets will account for nearly 30% of the total market share over the forecast period.
  • Total sales of OTC medicines for dogs will hold approximately 40% of the global pet OTC medication market share.
  • The U.S. will continue dominating the North America pet OTC medication market over the assessment period, with sales growing at a 2% CAGR.
  • Demand in the India market is forecast to surge at a 5.5% CAGR through 2032.
  • France will account for a lion’s share in the Europe pet OTC medication market over the forecast period.

Competition Landscape

The key players in the pet OTC medication market are Ceva Santé Animale Co., Elanco Animal Health Inc., Boehringer Ingelheim International GmbH, Zoetis Inc., Merck & Co., Inc., Virbac SA Co., Bayer AG, IDEXX Laboratories Co., Covetrus Inc., Dechra Pharmaceuticals PLC, Vetoquinol SA, Phibro Animal Health Co., Kyoritsuseiyaku Co., Krka, d. d., Novo Mesto, Sequent Scientific Ltd., Heska Co., Eco Animal Health Group, and Neogen Co.

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Pet OTC Medication Market by Category

Pet Type:

  • Dogs
  • Cats
  • Birds
  • Fish and Reptiles
  • Small Pets
  • Others

Application:

  • Fleas & Ticks
  • Allergies
  • Pain Relief & Arthritis
  • De-wormers
  • Others

Form:

  • Chewables & Tablets
  • Capsules & Ointment
  • Sprays
  • Others

Sales Channel:

  • Pet Specialty Stores
  • Veterinary Clinics
  • Drug & Pharmacy Stores
  • Online Retail
  • Others

Region:

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

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About FMI:

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

Contact:

Unit No: 1602-006
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United Arab Emirates
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Automotive Sensors Market to grow at a rate of 7.2% by 2031 | Get Customized Reports

The automotive sensor demand will continue rising through 2021 with worldwide demand projected to increase by 5.5% year over year. As per Future Market Insights (FMI), automotive sensor revenues generation will increase at a ten-year compound annual growth rate (CAGR) of 7.2%, as the automotive production recovers after bucking scepticism about how the market would perform post pandemic.

NXP Semiconductors N.V., TE Connectivity, Continental AG, Denso Corporation, Robert Bosch GmbH are identified as leading players in automotive sensor market. They will collectively account for nearly 30% of global market share in 2021.

Auto theft has emerged as a serious problem across the globe. According to a report by the National Insurance Crime Bureau, auto theft grew by 9.2% year-on-year in U.S. reaching 873,080 cases in 2020. To tackle this issue, automakers are installing modern anti-theft sensors in economic and budget cars. This development will fuel the demand for automotive sensors in upcoming years.

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Advancement in the field of transport management system and incorporation of smart sensors in advanced driver-assistance systems will create attractive prospects for the expansion of the market.

Truck platooning is an emerging area of application for automotive sensors. In truck platooning, automated driving support and connectivity technology work in sync and are controlled by central operating system. All trucks are connected to leader trucks and rest of platoon adapts their movement according to leader truck. This will increase ADAS penetration in trucks.

Governments in developed economies are mandating the installation of safety sensors in passenger and commercial vehicles to curb the rise in number of road accidents and related fatalities. This will significantly contribute to the overall growth of the automotive sensors market.

Manufacturers are working towards avoiding overheads by reducing the number of product recalls and satisfy consumer demand of modern warning alert system and safety feature in compact cars.

Advancement in the crash prevention technologies like vehicle-to-vehicle communication, traction control system, active kinematics control with integrated brake control, and automated braking system will boost demand for automotive sensor in upcoming years.

Key Takeaways from FMI’s Automotive Sensor Market Study

  • Driven by increasing sales of electric vehicles and presence of leading original equipment manufacturers in U.S., North America market will expand at 7% CAGRover the forecast period.
  • European automotive sensor market will grow at a healthy CAGR of 6.5%backed by increasing demand of European luxury cars across the globe and rising production of electric cars in the region.
  • Japan and South Korea will collectively account for around 1%of global market share in 2021.  Surge in research and development activities in these countries towards miniaturization of automotive sensors will drive the market growth in these countries.
  • India will offer lucrative opportunities for market growth, as it is the fastest growing economy in the world. Increasing demand for passenger cars and rise in consumer spending on enhanced safety features will boost the sales of automotive sensors in India.
  • Safety sensor is the fastest growing sensor type segment owing to imposition of stringent vehicle and driver safety regulation and increasing demand for luxury and convenience in automobiles.

“Increasing investment in automating vehicles and installing smart technologies in critical safety systems to improve safety standards will boost the demand of automotive sensors in the forthcoming years,” says the FMI analyst.

For instance, in July 2021, Samsung launched its first ISOCELL image sensor specifically designed for automotive applications. Samsung aims at becoming global leader in image sensor sector  and capture maximum market share in upcoming years.

In 2020, AMS introduced two new position sensors the AMS AS5147U and the AS5247U for high-speed electric motors to promote car electrification initiative. These new position sensors are expected to reduce the system cost and boost the electrification of critical vehicle functions like as power steering, active damper control, and braking.

Bridgestone recently developed new “Smart Strain Sensor” technology for autonomous vehicles integrated with next-gen internet of things (IoT) capabilities.

Prominent players operating in the automotive sensor market are:-

  • NXP Semiconductors N.V.
  • TE Connectivity
  • Continental AG
  • Denso Corporation
  • Robert Bosch GmbH.

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Key Segments Covered in Automotive sensors Market Study

Sensor Type:

  • Position Sensors
    • Clutch Position Sensors
    • Gear Position Sensors
    • Throttle Position Sensors
    • Crankshaft Position Sensors
    • Steering Angle Position Sensors
    • Camshaft Position Sensors
  • Safety Sensors
    • Seat Belt Sensors
    • Brake Switch Sensors
    • Door Switch Sensors
    • ADAS Sensors
      • Blind Spot Detection
      • Night Vision Sensors
      • Light Sensors
      • Parking Sensors
      • Cruise Control
    • Impact Sensors
    • Anti-theft Sensors
    • Knock Detection Sensors
  • Level Sensors
    • Fuel Level Sensors
    • Coolant Level Sensors
    • Oil Level Sensors
  • Oxygen Sensors
  • Pressure Sensors
    • Tire Pressure Sensors
    • EGR Pressure Sensors
    • Airflow Rate Sensors
  • Temperature Sensors
    • Engine Coolant Temperature Sensors
    • Rain/humidity Sensors
    • Oil/Fuel Temperature Sensors
    • Battery Temperature Sensors
    • Air Temperature Sensors
  • Speed Sensors
    • Wheel Speed Sensors
    • Speedometer

Vehicle Type:

  • Passenger Cars
    • Compact
    • Midsize
    • Luxury
    • SUVs
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

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Sales Channel:

  • Original Equipment Manufacturers
  • Original Equipment Supplier Spare Parts
  • Independent Aftermarket

Region:

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

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
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Aquarium Hydrometers Market is Estimated to Reach US$ 1.1 Mn in 2022

The aquarium hydrometer market size is forecast to reach US$ 1.1 Mn in 2022. Sales are projected to increase at a 7% CAGR, with the market size reaching US$ 2.2 Mn by 2032

Fish are sensitive to temperature fluctuations in their environment, hence they should be bred in wild water species. The fish will be anxious and susceptible to parasite infection if the aquarium is too cold, and if the aquarium is too warm, the dissolved oxygen levels will rapidly drop, causing the fish to choke in the aquarium. As a result, a proper temperature control system and salt control must be installed. As a result, aquarium accessories are essential.

Due to the increasing fascination with the undersea world and its effect on the atmosphere in homes and other residential and commercial spaces, the worldwide aquarium accessories market has grown in popularity over the years. Aquariums have become a valuable encounter with nature for the younger generation, as well as a source of information about aquatic animals.

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In recent years, keeping fish has been a popular hobby among people all over the world, causing the worldwide aquarium accessories industry to grow at a rapid pace. A well-kept aquarium is one of the most attractive living ornaments that can be found in any home, hotel, restaurant, or another establishment.

“Rising trend of pet humanisation has propelled the interest in pet care and wellness, which is expected to drive sales of aquarium hydrometers for household aquariums. In addition to this, expansion in the pisciculture sector across emerging economies will fuel demand over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Based on sales channel, demand for aquarium hydrometers at online channels will remain high.
  • In terms of product type, sales of swing arm hydrometers will continue gaining traction.
  • The U.S. will dominate the North America aquarium hydrometer market over the forecast period.
  • China will emerge as a lucrative pocket, accounting for a dominant share in the East Asia aquarium hydrometer market.

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Competition Landscape

Leading companies in the aquarium hydrometer include

  • Tropical Marine Centre Ltd.,
  • PetSmart, Petco,
  • Petland,
  • Juwel Aquarium, and
  • Tetra.

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Future Market Insights, in its new offering, provides an unbiased analysis of the global Aquarium Hydrometer, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the Aquarium hydrometer based on by Product Type (Swing arm hydrometers, Floating hydrometers,), by Application (Saltwater aquarium, Freshwater aquarium) by End-use (Residential, Commercial) by Sales Channel (Hypermarkets/Supermarket, Specialty Stores, Multi-Brand Stores, Discount Stores, Salon/Grooming Clubs, Drug Stores & Pharmacies, Online Retailers, and Other Sales Channel), & region.

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Aquarium Hydrometer Market by Category

Product Type:

  • Swing arm hydrometers,
  • Floating hydrometers

Application:

  • Seawater Aquarium
  • Freshwater Aquarium

End Use:

  • Residential
  • Commercial

Price Range:

  • Low
  • Economy
  • Premium

Sales Channels:

  • Wholesale distributors
  • Specialty Stores
  • Supermarket/Hypermarkets
  • Aqua specialty Centre
  • Aquarium shops
  • Pet Care Shops
  • Online Retailers
  • Other Sales Channel

Region:

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

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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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Sales Of Woodworking Router Bits Market In Carbide Router Bits Highly Preferred for their Operational Efficiency: Future Market Insights Inc.

According to a new research report published by Future Market Insights (FMI), the global woodworking router bits market is estimated to exhibit a CAGR of close to 5% during the forecast period of 2022-2029.

Router bits are used in several woodworking applications such as milling, drilling, grooving, profiling, engraving, carving, etc. High accuracy and precision of carbide-tipped router bits are giving them a competitive edge in the global market.

High demand for design furniture is another plus point favouring market growth. Furthermore, high reselling value of carbide-tipped router bits as compared to high speed steel (HSS) is also expected to push the growth lever of the global market in the coming decade.

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Key Takeaways of Woodworking Router Bits Market Study

  • Woodworking router bits have prominent application in engraving and carving all kinds of wood such as chipboard, plywood, hardwood, and softwood, and play a crucial role in the furniture industry.
  • Targeting the expanding DIY consumer segment, manufacturers are offering customized products, which facilitate effective usage in handheld operations such as drilling, cutting, milling, etc.
  • The most common types of router bits available in the market are handheld router bits and CNC router bits. Handheld router bits are limited to specific applications, resulting in steady market growth, whereas, CNC router bits are versatile, providing lucrative business avenues for investors.
  • Out of all woodworking operations, grooving holds a significant share, and is projected to witness maximum growth during the forecast years.
  • In recent years, the market has witnessed price variations, owing to diversified product lines offered by manufacturers that target a broad clientele based on the type of woodworking operation.
  • Growing usage of wood in the design of basic utilities in commercial construction is expected to further raise the demand for woodworking router bits.

“In the woodworking router bits market, products with high-end precision and durability are necessary for complex woodworking operations. Manufacturers are capitalizing on this trend by actively providing customized products for application-specific woodworking operations.”

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Woodworking Router Bits Market: Competitive Landscape

The woodworking router bits market has become increasingly competitive as manufacturers are launching advanced products that offer various operational benefits and are compatible to the woodworking industry. There are a significant number of organized and unorganized players actively operating in the global market. Key players involved in the woodworking router bits market are :

  • Robert Bosch Tool Corporation
  • Stanley Black and Decker
  • KANEFUSA Corporation
  • Amana Tool Corporation
  • Freud Tools
  • Vortex Tool Company Inc.
  • Whiteside Machine Company
  • WOODCRAFT SUPPLY LLC
  • Dimar Group
  • Sistemi Klein
  • MLCS Woodworking Products
  • Rockler Companies Inc.
  • Yash Tooling
  • Takahashi Tools Co. Ltd.
  • Kannenberg
  • VHF Tools
  • CMT Utensili SpA

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Asia Pacific Offering Lucrative Opportunities for Market Growth

The woodworking router bits market is expected to gain significant traction in the coming years, owing to flourishing residential and commercial construction activities in developing economies of Asia Pacific. Rising demand from the furniture industry in the commercial and residential sectors is expected to drive the sales of router bits during the forecast period. Intense use of wooden furniture and timber for construction in countries such as India, China, and South Korea is expected to propel woodworking router bits market growth.

Explore wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape

Pipes Market : The global pipes market reached a valuation of US$ 127.2 Bn in 2021 and is estimated grow at a CAGR of 5.4%, surpassing US$ 225.5 Bn by 2032.

Stacker Crane Market : The global stacker crane market size reached a valuation of US$ 976 Mn in 2021 and is likely to touch a valuation of US$ 1 Bn in 2022.

Solar Invertor Market : The global solar invertor market is forecast to grow year-on-year by 5.0% in 2022, reaching a valuation of about US$ 11 Bn in 2022.

Underground Mining Equipment Market: The global underground mining equipment market is expected to reach US$ 15.9 Bn in 2022. With sales growing at a steady 2.4% CAGR, the market valuation is projected to reach US$ 18.8 Bn in 2029

Elevator and Escalator Market:  Global elevator and escalator consumption is anticipated to increase at a 4.5% CAGR from 2022 to 2030

Test and Measurement Equipment Market: The global test and measurement equipment market is predicted to witness a moderate CAGR of 5.6% during the forecast period of 2022 to 2032.

Testing, Inspection, and Certification Market: The testing, inspection and certification market is anticipated to register a CAGR of 1.8% during the forecast period.

RFID Kanban Systems Market: The Global RFID kanban systems market size to reach US$ 1.6 Billion in 2022. With a favorable demand outlook, sales are forecast to increase at an impressive 18.1% CAGR, reaching US$ 8.4 Billion by 2032.

Industrial PC Market : During the assessment period, the global Industrial PC Market is expected to register a robust CAGR of 6%, from US$ 5 Bn in 2021 to US$ 9.4 Bn in 2032

Industrial Cybersecurity Market : The industrial cybersecurity market is anticipated to record a CAGR of 7.7% during the forecast period (2022 – 2032)

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

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Woodworking Circular Saw Blades Industry Are Estimated To Account For A Net Worth Of US$ 68.3 Mn By 2029

From 2022 to 2029, the market for woodworking circular saw blades is expected to generate US$ 50.4 million in revenue, representing a 4.4% compound annual growth rate. By 2029, it is anticipated that shipments of circular saw blades for woodworking will generate a net worth of US$68.3 million.
At present, sales of woodworking circular saw blades comprise 8% of the world market for woodworking tools. Circular saw demand has increased over the past few years as a result of their enhanced precision capabilities and affordable price.

The widespread popularity of DIY projects in the modern digital era has increased demand for woodworking circular saws, which in turn has increased demand for woodworking circular saw blades.

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Key Takeaways from Woodworking Circular Saw Blades Market Study

  • Sales through numerous online platforms is gaining prominence, as these online sites enable customers to choose products according to their requirements. Many retailers and distributors are focusing on offering their products through online platforms to gain significant share in the market.
  • Increased use of furniture in commercial and residential sectors, and the use of wood as a thermal and electrical insulator in industrial and manufacturing sectors are expected to bolster the sales of woodworking circular saw blades, with timber and wood processing industries performing substantially well.
  • Spurring demand for woodworking operations for the manufacturing of household furniture and use of wood in the designing of basic utilities in commercial constructions are anticipated to bolster the demand for woodworking circular saw blades. With increment in the use of circular saw blades for application in small-scale operations, 100 – 200 mm diameter blades are projected to experience hefty growth in the market.

“Rising demand for woodworking circular saw blades for plumbing & carpentry, owing to their inherent reliability, such as accuracy, ease of use, and precision, creates a positive environment for the growth of the woodworking circular saw blades market.”

Woodworking Circular Saw Blades Market: Competition Overview

The global woodworking circular saw blades market is perfectly competitive, with the presence of a significant number of organized and unorganized players actively operating in the global market. Freud Tools, Robert Bosch GmbH, Stanley Black and Decker, and Homag Group are identified as prominent players in the global woodworking circular saw blades market. Key players are focusing on manufacturing diverse blades for efficient performance in different operations.

Asia Pacific Offering Lucrative Opportunities for Market Growth

The demand for woodworking circular saw blades is expected to gain significant traction in the coming years, owing to flourishing residential and commercial construction activities in developing countries of the Asia Pacific region. Rising demand from the furniture industry is expected to drive the sales of saw blades during the forecast period. High use of wooden furniture and timber for construction in countries such as India, China, and South Korea is expected to propel the growth of the woodworking circular saw blades market.

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More Valuable Insights on Woodworking Circular Saw Blades Market

The research report provides thorough assessment and future forecasts of the woodworking circular saw blades market on the basis of five primary segments listed as follows: mode of operation, blade type, diameter type, distribution channel, and end-use industry. The report provides comprehensive information about global market sizing, key market manufacturers, and regional perspective for market. The report also provides important dynamics of the woodworking circular saw blades market. The scope of the research includes woodworking circular saw blades with carbide tips or complete carbide blades utilized in the woodworking industry.

Explore wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape:

Hazardous Area Equipment Market: The global hazardous area equipment market was valued at US$ 8.84 billion in 2021 and is expected to reach US$ 15.43 billion by 2032, growing at a CAGR of 5.2% from 2022 to 2032.

Plastic-to-fuel Market: U.S. Plastic-to-fuel Market is estimated to generate US$ 42.78 million in revenues in 2015, which is likely to reach US$ 98.26 million in 2020.

Domestic Booster Pumps Market: The global domestic booster pumps market, which stands at a value of US$ 2.68 Bn at present, is projected to surge to US$ 4.63 Bn by the end of 2030.

Industrial Air Filtration Market: The industrial air filtration market size is projected to grow at a rate of 6.2% CAGR during the forecast period to surpass a valuation of US$ 45.2 Bn by 2027, from US$ 33.5 Bn in 2022.

Facility Management Services Market: The facility management services market is expected to increase at a CAGR of 12.6% during the forecast period, from US$ 42.2 billion in 2021 to US$ 76.3 billion in 2026.

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:

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Emulsion Explosive Market Current and Future Trends, Leading Players, Industry Segments and Regional Forecast By 2028 | Says FMI Analyst

According to Future Market Insights (FMI) the Global Emulsion Explosive Market to grow with a year-on-year growth of 5.1% in 2022 reaching a value of about US$ 2,634.3 Mn by 2022 end. Witnessing moderate expansion of more than 4% in consumption volume, emulsion explosive market is slated for a steady growth outlook over the forecast period of 2022-2028.

Water resistant capabilities of emulsion explosives and lesser complexities associated with their transportation would remain key factors fueling their sales in global market.

Notable increase in construction, mining, and infrastructure investments across the globe prominently push demand for emulsion explosives.

Sales volume of emulsion explosives is projected to reach nearly 13 million tons by the end of 2028, as indicated by a new research study of Future Market Insights (FMI).

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Key Takeaways – Emulsion Explosives Market Study

  • Bulk emulsion explosives are rapidly replacing packaged explosives in underground mining applications because of the additional benefits that they offer.
  • Apart from mining companies, these explosives are also being used in the construction industry for tunnelling purposes and the demolition of old infrastructure. With more construction activities taking place around the globe, the demand for mining emulsion explosives has also increased tremendously.
  • Blasting agents are chosen over mechanical drills as they cover a wider-area, consume less time, are easy to transport from one place to other, and are available at low costs.
  • The best sourcing practice for mining companies is to engage in long-term supply contracts with fully-integrated, full-line emulsion explosive suppliers that produce their own blasting and explosives accessories.
  • The rapidly growing construction industry in developing economies such as China, India, and Brazil is further fueling the demand for emulsion explosives in the regions.
  • Consumer bargaining power is high as there are many emulsion explosive suppliers in the market. Also, major mining manufacturers have strong negotiation power because of their large consolidated business volume.
  • Manufacturers cannot maintain sufficient stocks, owing to the regulatory framework for explosives that caps the limit of buffer stocks.

The market for emulsion explosives is currently growing at a moderate pace, as it is already mature in EU countries, and witnessing healthy growth in the Asian region.

Also, over the recent past, the construction and mining industries have been focusing on worker safety while conducting blasting activities at their sites.

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How is Emulsion Explosives Market Structure Defined?

Dominated by established international players, the emulsion explosives market is moderately fragmented. Some of the key players in the emulsion explosives market such as Orica Limited, hold a major share of market pie in terms of revenue.

The best sourcing practice for mining companies is to engage in long-term supply contracts with fully integrated, full-line emulsion explosive suppliers that produce their own blasting and explosives accessories.

Know More About Report Inclusions

Future Market Insights (FMI), in its new report, brings to fore an even-handed analysis of the global emulsion explosives market, offering comprehensive information with historical demand data for 2014-2021, and forecast statistics for 2022-2028.

The research study offers insightful aspects of the global emulsion explosives market based on various categories such product type (bulk emulsion, cartridge emulsion, recycled oil emulsion), application (mining-surface mining, underground mining quarrying, others), and region (North America, Latin America, Europe, MEA, South Asia, East Asia and Oceania).

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:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

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Report: https://www.futuremarketinsights.com/reports/emulsion-explosive-market

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Men’s Pre-Shave Market are Anticipated to Reach US$ 14.9 Bn in 2032

The men’s pre-shave market is expected to reach Middle East Tourism in 2032, growing at a CAGR of 5.7% during the forecast period 2022-2032. In today’s world, consumers are very conscious about their looks and appearance, which makes them test various cosmetics and personal care products that are available in the market. Due to this, both, the male and female segments are witnessing a rise in the availability of dedicated products in the market.

This critical factor has triggered the demand for men’s pre-shave products. Men’s pre-shave products are primarily used to lessen the risk of developing ingrown facial hair. Men’s pre-shave products soften the hair, which allows a smooth shave, avoiding any kind of cuts, especially at sharp angles that are most likely sites for ingrown hair.

As of 2017, the male grooming products market was valued at US$ 57.7 billion, which is expected to grow at a CAGR of 5.3% over the forecast period. Today’s male customers are very particular when it comes to shaving as well as the shaping of the beard.

The men’s grooming market has witnessed a significant growth over the past couple of years, especially because of the millennial population. When it comes to shaving, male customers make sure their beards are styled, along with a smooth shave experience as well.

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This main critical factor has triggered the demand for various shaving tools and products. Men’s pre-shave products are thus enduring high demand among the target customers. There are various critical benefits associated with the use of men’s pre-shave products. Men’s pre-shave products ensure that natural moisture isn’t lost or compromised as far as the skin is concerned.

Men’s pre-shave products facilitate softer whiskers, making it easier to shave without resulting in any cuts. However, one of the main applications of men’s pre-shave products is to prevent ingrown facial hair.

Men’s Pre-Shave Market: Key Players

Examples of the prominent players operating in the global Men’s Pre Shave market are The Procter & Gamble Company (Gillette), Combe Incorporated, Naveh Pharma Ltd., The Real Shaving Co., Pré de Provence, Mountaineer Brand Products, and eShave, LLC., among others.

Men’s Pre-Shave Market: Key Trends

The manufacturers of men’s pre-shave products have been strategizing on coming up with innovative products that cater to the varying needs and requirements of their target segments.

Men’s Pre-Shave Market: Key Developments

  • Due to the rise in the demand for various types of shaving kits, one of the key retailers, Kroger, announced the launch of Bromley’s™ For Men shaving and grooming products, available exclusively at Kroger’s Family of Stores, which include men’s pre shave products as well.

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Opportunities for Men’s Pre-Shave Market Participants

Over the past couple of years, the number of salons and spas have been increasing, due to the rise in the number of beauty-conscious consumers. Shaving, being one of the main needs for most customers visiting salons, men’s pre-shave products have become a mandatory product in most salons.

Thus, the rise in the number of salon establishments has paved the way for the global men’s pre-shave market to generate increased sales.

The men’s pre-shave market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The men’s pre-shave market report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment.

The report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Men’s Pre-Shave Market
  • Technology
  • Value Chain of the Men’s Pre-Shave Market
  • Market Drivers and Restraints

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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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Plot No: JLT-PH2-X2A
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