Online Clothing Rental Market to Mark a Highest CAGR of 9.4% Through 2025

The global online clothing rental market size is expected to reach USD 2.09 billion by 2025 and is anticipated to register a CAGR of 9.4% during the forecasted period, according to a new report by Grand View Research, Inc. Changing fashion trends and rising penetration of internet are among the key factors driving the growth.

Women segment leads the market and is expected to expand at a CAGR of more than 9.8% over the forecast period. The trend of not using the same clothes for a long time and creating unique personal style or fashion statement are among the prominent factors driving the grow. Apart from women, the kids segment is also anticipated to witness significant growth in the upcoming years. Rising preference for renting children’s clothes, is expected to positively impact the overall growth.

Renting traditional clothes is found to be the fastest growing segment on the basis of dress code. Younger consumers prefer renting traditional clothes as these cloths are used only on rare occasions. Apart from traditional clothes, the formal segment is also witnessing a significant growth. It is hard to purchase and maintain a variety of formal clothes for the young as well as price-conscious consumers, thus, they prefer renting the clothes.

North America is the leading market for the industry and accounts for nearly 40% of the market share. Europe is the second largest market for online clothing rental. Europe is known for its fashion trends, hence, young consumers want to keep themselves updated with the latest fashion. Thus, they prefer renting instead of buying impacting the overall growth.

Asia Pacific is found to be the fastest growing region due to developing nations such as India and china which accounts for more than 34% of the global population. The increasing awareness about the service, and internet penetration are among the prominent factors for the growth of the industry in the region.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/online-clothing-rental-market

Further key finding from the report suggests:

·       In terms of revenue, thewomen segment is projected to ascend at a CAGR of 9.8% over the forecast years

·       Traditional renting is expected to expand at a CAGR of more than 11.2% during the forecast period

·       North America leads with market share of more than 40% and is projected to expand at a significant CAGR in near future

·       Some of the key players operating in the online clothing rental market are The Clothing Rental, Flyrobe.com, Rent the Runway, Secoo Holding Limited, Share Wardrobe, Le Tote, Swapdom, Gwynnie Bee, Dress Hire, and StyleLend.

Grand View Research has segmented the global online clothing rental market on the basis of end use, dress code, and region:

Online Clothing Rental End Use Outlook (Revenue, USD Billion, 2015 - 2025)

·         Men

·         Women

·         Others

Online Clothing Rental Dress Code Outlook (Revenue, USD Billion, 2015 - 2025)

·         Formal

·         Casual

·         Traditional

Online Clothing Rental Regional Outlook (Revenue, USD Billion, 2015 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         CSA

·         MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Food and Grocery Retail Market to Witness Steady Growth at 6.9% CAGR from 2015 to 2020

The global food and grocery retail market size is expected to reach USD 12.24 trillion by 2020, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.9% during the forecast period. The global food & grocery retail industry has been growing steadily in recent years - a trend that looks set to continue over the forecast period. Growth in this industry is mainly being driven by countries in the Asia-Pacific region. Countries such as India, China, Indonesia have witnessed prominent growth due to increase in number of modern outlets. Markets in some countries, especially in Western Europe, are mature and facing saturation.

Rise in global population has a pivotal role to play in the development of the market. Improving spending power of people is augmenting the affordability of premium food and grocery products, which in turn is boosting the revenue generation of the market. Changing lifestyles and food choices are promoting manufacturers to experiment with cultivation techniques and ingredients.

On the basis of type, the market is divided into unpackaged food, packaged food, drinks, tobacco, and household products. Unpackaged food is expected to be at the forefront of the market throughout the forecast period. On the other hand, segments such as packaged food and drinks are anticipated to account for sizeable shares in the market during the same period.

The US food & grocery retail industry has been growing moderately in recent years. While the trends is likely to continue for the market in the U.S. over the coming years, there have been certain segments of the industry that have been enjoying significant growth.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/food-grocery-retail-market

Further key findings from the report suggest:

·       The global food and grocery retail market size was valued at USD 8.77 trillion in 2015

·       The market in India is estimated to tread along a healthy growth track during the forecast period, thanks to rising urbanization and increasing disposable income of the populace

·       The Canadian food and grocery retail market was valued at USD 107.4 billion in 2015, and will register a CAGR of 3.0% from 2011 to 2015

·       Some of the prominent companies operating in the market are Bharti Enterprises; Carrefour S.A.; Costco Wholesale Corporation; Future Retail Limited; Koninklijke Ahold; The Kroger Co; and Wal-Mart Stores, Inc.

Grand View Research has segmented the global food and grocery retail market based on type and region:

Food and Grocery Retail Type Outlook (Revenue, USD Billion, 2011 - 2020)

·         Unpackaged Food

·         Packaged Food

·         Drinks

·         Tobacco

·         Household Products

Food and Grocery Retail Regional Outlook (Revenue, USD Billion, 2011 - 2020)

·         U.S.

·         Canada

·         India

·         Netherlands

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Modular Kitchen Market Size Is Expected To Reach USD 28.54 Billion by 2025

The global modular kitchen market size is expected to reach USD 28.54 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 5.8% during the forecast period. Growing number of housing projects supported by the increasing purchasing power of consumers from developing nations including India, Thailand, and Brazil, is expected to drive the market. Furthermore, the rapid rise in the number of nuclear families on a global level is expected to promote installation of new modular kitchens in new constructions.

The L-shaped product design segment held the largest market share of more than 55% in terms of revenue in 2018. This design is the most popular among consumers due to its better flexibility and convenience. In addition, this design is well suited for small size kitchens.

Tall storage segment is expected to witness the fastest CAGR of 6.3% from 2019 to 2025. This product can store a large number of commodities in a single cabinet and also provides an attractive vertical look to the house. These factors are anticipated to bode well for the segment growth in the forthcoming years.

As of 2018, the wood products led the modular kitchen market in terms of raw material, accounting for over 60% of the global revenue. On the other hand, the fiber/plastic material is expected to register the fastest CAGR in near future as this material is waterproof, oil proof, and termite-proof. This material is available in a less expansive price range compared to other raw materials, which is expected to further drive the demand.

Europe held the leading market share of more than 30% in terms of revenue in 2018. The presence of prominent manufacturers and availability of a wide range of products is projected to drive the market in countries such as Germany, U.K., France, Italy, and Poland. On the other hand, Asia Pacific is expected to register the fastest growth due to the rapid growth of residential construction in this region. Rising purchasing power along with rapid urbanization in the countries, such as India, China, Japan, Malaysia, and Indonesia, is expected to fuel the product demand.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/modular-kitchen-market

Further key findings from the report suggest:

·       Floor cabinet held the largest modular kitchen market share of over 60% in 2018

·       In terms of raw material, wood products is expected to hold a market share of more than 40% by 2025

·       Online distribution channel is expected register the fastest CAGR of 6.2% from 2019 to 2025

·       Key market participants include Häfele GmbH & Co KG; Nobia AB; Häcker Küchen GmbH & Co. KG; Nobilia GB Ltd; LINEADECOR; Snaidero Cucine; Bulthaup; Boston Cabinets, Inc.; Pedini; SieMatic; and The Hettich Group

Grand View Research has segmented the global modular kitchen market on the basis of design, product, raw material, distribution channel, and region:

Modular Kitchen Design Outlook (Revenue, USD Million, 2015 - 2025)

·         L-Shape

·         U-Shape

·         Parallel

·         Straight

·         Island

Modular Kitchen Product Outlook (Revenue, USD Million, 2015 - 2025)

·         Floor Cabinet

·         Wall Cabinet

·         Tall Storage

Modular Kitchen Raw Material Outlook (Revenue, USD Million, 2015 - 2025)

·         Wood

·         Metal

·         Fiber/Plastic

·         Others

Modular Kitchen Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

·         Offline

·         Online

Modular Kitchen Region Outlook (Revenue, USD Million, 2015 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Blanket Market Exhibit a Steady 4.5% CAGR through 2025: Grand View Research Inc.

The global blanket market size is expected to reach USD 23.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.5% over the forecast period. Significant growth of the travel and hospitality industries at a global level as a result of reduced airline fares and attractive value-added services provided by key hotel industry participants is expected to remain a prominent factor. Furthermore, rising national defense spending by the governments of countries including U.S., China, Russia, Iran, Israel, India, and Pakistan is expected to promote the use of blankets for military and air force over the next few years.

Cotton-based products dominated the market and generated a revenue of USD 4.6 billion in 2018. These product types are expected to gain momentum as a result of their high visibility as durable comfort characteristics. Furthermore, these textile products have the ability to perform across a wide range of climate conditions.

Since the last few years, some of the celebrities have been launching the products under their name. For instance, in March 2019, Drew Barrymore launched Flower Home, a homeline at Walmart.com. The brand, along with various home related décor and furniture, also offers blankets that are richly layered and cozy. Similarly, in March 2019, the multinational furniture company, Ikea launched the brand Overalt. The brand specifically offers African design decors and furniture. Moreover, Sindhiso Kumhalo and Renée Rossouw have been working on quilt and blanket projects for the launch of products, which are based on African designs.

In May, 2019, natural home goods brand Buffy launched a new product, The Breeze. These temperature regulating comforters are derived from eucalyptus fibers. Shell fabric and the fills are the naturally more breathable as compared to other comforters derived from polyester or animal-based materials. The breathability associated with these product forms ultimately leads to a more regulated temperature during sleep.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/blanket-market

Further key findings from the report suggest:

·       By product, cotton accounted for more than 25.0% share in 2018. Polyester is expected to exceed 20.0% share of the global revenue by the end of 2025

·       The commercial segment is expected to expand at the fastest CAGR of 4.7% from 2019 to 2025

·       North America accounted for a revenue share of over 30.0% in 2018

·       Online distribution channel is expected to register the highest CAGR of 5.0% from 2019 to 2025.

Grand View Research has segmented the global blanket market on the basis of product, application, distribution channel, and region:

Blanket Product Outlook (Revenue, USD Billion, 2015 - 2025)

·         Mink

·         Fleece

·         Cotton

·         Polyester

·         Others

Blanket Application Outlook (Revenue, USD Billion, 2015 - 2025)

·         Household

·         Commercial

Blanket Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)

·         Hypermarkets & Supermarkets

·         Convenience Stores

·         Online

Blanket Regional Outlook (Revenue, USD Billion, 2015 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa (MEA)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Demand for Ride Hailing Services Market to Incur Considerable Upsurge During the Forecast Period

The global ride hailing services market size is expected to reach USD 82.37 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 12.8% during the forecast period. Rising need to combat the rushing traffic coupled with pilling road taxes is expected to expand the scope of ride-hailing services. These rides are easily traceable and the contacts of both the passenger and driver are easily accessible. This factor is projected to bode well for the adoption of these services. Low cost of car ownership and growing employment opportunities is expected to open new avenues over the next few years.

In January 2019, TukTuk-Ride launched a new ride hailing service app for ten major cities in India. The consumers have to pay INR 14 per kilometer for cabs and INR 8 per kilometer for bike taxis. The organization is also planning to expand their services by incorporating luxury cars, vintage cars, e-bikes, deliver vehicles, and ambulances in the same service segment. Dallas-based Alto launched its ride hailing service in January 2019, through the funding of USD 14.5 million from companies including Road Ventures and Frog Ventures. The company will expand to more U.S. cities by the end of 2019.

Some of the automotive manufacturers are expected to enter the market to maintain their customer base over the next eight years. For instance, developing economies including China and India are expected to remain some of the favorable destination as a result of urbanization and expansion of middle-income population. Furthermore, other cab hailing services are entering the China ride sharing service market. For instance, in October 2018, SAIC Motor, Geely and Daimler jointly announced plans for new ride hailing services in China. Additionally, BMW initiated its premium service, ReachNow for China in January 2019. The new venture has a crew of drivers to chauffer rides in a fleet of 200 BMW 5 series. The organization plans to include Mercedes-Benz E-Class and Audi A6 in the fleet. The service will cost around USD 3 per kilometer.

In January 2019, Grab Holdings Inc. announced plans for commencing three new ride hailing services under the names, GrabShuttle, GrabCall, and GrabCall in Myanmar. GrabShuttle will be targeted at office workers and university students and GrabCall will allow booking cabs through call center agents. Grab Web Booking allows booking trips through online portals.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/ride-hailing-services-market

Further key findings from the report suggest:

·       E-hailing offering segment accounted for more than 50% of the market share in terms of revenue in 2018

·       Car rental offering segment is expected to register the fastest CAGR of 13.8% from 2019 to 2025

·       North America held a market share exceeding 35% in 2018 and is anticipated to register significant growth over the forecast period

·       Asia Pacific is expected to witness the fastest CAGR of 13.9% in the ride hailing services market during the forecast period

Grand View Research has segmented the global ride hailing services market on the basis of offering and region:

Ride Hailing Services Offering Outlook (Revenue, USD Million, 2015 - 2025)

·         E-hailing

·         Car Sharing

·         Rental

Ride Hailing Services Regional Outlook (Revenue, USD Million, 2014 -2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa (MEA)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com