Ride Hailing Services Market to Showcase Healthy Expansion at 12.8% CAGR from 2019 to 2025

 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.

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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.

Clove Cigarettes Market Overview, Analysis And Forecast To 2025: Grand View Research Inc.

 Clove Cigarettes Market Growth & Trends

The global clove cigarettes market size is expected to reach USD 135.1 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.5% during the forecast period. The market is majorly driven by the increasing product launches driven by the growing demand for machine-made clove cigarettes.

Consumers trying to quit smoking are more inclined toward consumption of clove cigarettes owing to less harshness, blend of different flavors, and presence of low tar nicotine. Gauging the consumer preference for lighter cigarettes, companies are focusing on product launches. For instance, in 2017, Sampoerna, a subsidiary of PHILIP MORRIS INTERNATIONAL MANAGEMENT introduced a new product named Platinum A. Some of the common flavors blended with cloves and tobacco include cherry, vanilla, strawberry, pineapple, grape, orange, menthol, cocoa, and licorice with an objective to bring uniqueness in the product.

The spicy flavor of cloves along with attractive packaging of these cigarettes significantly attracts young smokers. In 2017, more than 5 million people in Indonesia used consumed clove cigarettes. Rising consumption of clove cigarettes especially among the young population in Indonesia is expected to offer lucrative opportunities for the companies operating in the clove cigarettes market.

Machine rolled full flavored clove cigarettes accounted for more than 45% market share in 2018. Clove cigarettes containing the lowest level of tar and nicotine content as compared to the full flavored variant, which is one of the unique selling points of these products. Low tar nicotine clove cigarettes is expected to register a CAGR of 4.9% over the forecast period.

Female end user segment is expected to expand at a CAGR of 3.4% over the forecast period, attributed to rising number of women smokers in regions such as North America, Europe, and Central and South America. Russian females accounted for more than 57.0% of the market share in 2018. Maximum women prefer clove cigarettes due to the presence of mixture of different flavors reduce the harshness of the products.

Asia Pacific held the largest market share of more than 60% in 2018. The growth is majorly supported by the significant production and demand for clove cigarettes in Indonesia, which accounted for about 92% alone in 2018. APAC clove cigarettes market has witnessed significant rise in demand in the recent few years. With the rise in consumer disposable income along with their willingness to try out unique and premium variants can be attributed to the regional product demand.

Request a free sample copy or view report summary: Clove Cigarettes Market Report

Clove Cigarettes Market Report Highlights

• APAC is estimated to expand at the fastest CAGR of 4.7% during the forecast period, driven majorly by the high demand from Indonesia
• Machine rolled clove cigarettes together accounts for more than 80%, with full flavored category contributing a major share.
• Some of the major players operating in the global clove cigarettes market include Philip Morris International Inc.; Gudang Garam; Nojorono Tobacco Indonesia; Japan Tobacco; British American Tobacco; and Wismilak Group

Clove Cigarettes Market Segmentation

Grand View Research has segmented the global clove cigarettes market on the basis of type, end user, and region:

Clove Cigarettes Type Outlook (Revenue, USD Million; 2015 - 2025)

• Hand Rolled Clove Cigarette
• Machine Rolled Full Flavored Clove Cigarette
• Machine Rolled Low Tar Nicotine

Clove Cigarettes End User Outlook (Revenue, USD Million; 2015 - 2025)

• Male
• Female

Clove Cigarettes Regional Outlook (Revenue, USD Million; 2015 - 2025)

• North America
  • US.
• Europe
  • Russia
• Asia Pacific
  • Indonesia
  • Singapore
  • Malaysia
• 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.

Herbal Toothpaste Market Trends, Company Share, Industry Growth And Future Scope: Grand View Research Inc.

 Herbal Toothpaste Market Growth & Trends

The global herbal toothpaste market size is anticipated to reach USD 2.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.0% over the forecast period. Shifting consumer preference from chemical towards chemical free and natural products owing to growing awareness related to harmful effects of synthetic and chemical products on health is a main factor fueling the demand for herbal toothpaste.

Colgate, one of the leading players in the oral care market, is witnessing high competition from players such as Patanjali Ayurved and Dabur India Limited. Other consumer good companies are also entering the natural product market. In 2015, HUL acquired Indulekha, a herbal product brand, for around INR 300 Crore to foray into the natural product market. In addition, the company has been investing in the market to develop various natural products, including herbal toothpaste, to meet the growing demand for natural product.

Hypermarket and supermarket held a leading share in 2018 and is expected to maintain its lead throughout the forecast period. Modernization of retail stores and setting up of supermarkets across China and India are anticipated to boost the segment growth. For instance, according to studies, there were around 500 supermarkets in 2006 and the number increased to around 8,500 stores in 2016. Increasing number of supermarkets, coupled with growing product visibility at these stores, is a key factor fueling demand for natural toothpaste over the forecast period.

The online retail segment is anticipated to expand at the fastest CAGR of 10.4% over the forecast period. Players including Patanjali and Durbar entered into a partnership with e-commerce giants such as Flipkart and Amazon. For instance, Patanjali Ayurved entered into a partnership with various online retailers including 1mg, Paytm Mall, BigBasket, Grofers, Shopcules, and Netmeds. The company’s aim was to make its complete range of consumer goods available online. Such initiatives are expected to fuel demand for herbal toothpaste over the forecast period.

Asia Pacific held a leading share of 90.0% in 2018. EMEA is expected to expand at the fastest CAGR of 9.6% over the forecast period. Shifting consumer preference from chemical to chemical free products is a key factor driving the demand for herbal toothpaste in the region. Increasing product visibility at online retail is expected to fuel demand for natural products, including toothpaste, in the upcoming years.

Some of the key players operating in the market are Patanjali Ayurved, Dabur India Limited, VICCO LABORATORIES, Colgate-Palmolive Company (India) Limited, Amway, Himalaya Wellness, Amorepacific, GlaxoSmithKline plc, leverayush, INC., and Procter & Gamble.

Request a free sample copy or view report summary: Herbal Toothpaste Market Report

Herbal Toothpaste Market Report Highlights

• The market in India accounted for 21.0% share of the overall revenue owing to massive awareness campaigns by players such as Patanjali and Dabur
• The market in China was valued at USD 778.1 million in 2018
• The online retail segment is expected to witness the fastest growth owing to increasing adoption of this distribution channel by various market players
• The global herbal toothpaste market is highly competitive in nature owing to presence of top players such as Patanjali Ayurved and Dabur India Limited.

Herbal Toothpaste Market Segmentation

Grand View Research has segmented the global herbal toothpaste market by distribution channel and region:

Herbal Toothpaste Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• General Store
• Hypermarket & Supermarket
• Pharmacy Store
• Online Retail
• Others

Herbal Toothpaste Regional Outlook (Revenue, USD Million, 2015 - 2025)

• Americas
• EMEA
  • Nigeria
• Asia Pacific
  • China
  • India
  • Thailand
  • South Korea

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.

Sport Shoes Market Get Facts About Business Strategies by 2025

 The global sports shoes market size is expected to reach USD 25.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.2% over the forecast period. The market is expected to witness significant growth owing to growing popularity of sports activities across the globe.

Men’s sports shoe dominated the global market and is expected to maintain its lead over the forecast period. Increasing popularity of outdoor games such as soccer and American football is expected to increase the demand for sports shoe over the forecast period. Sports clubs are spreading awareness among people by conducting events at various places across the world, which will have a positive impact on the market growth. For instance, in 2017, the National Football League (NFL) had organized four game events in London and around 84,500 fans came to watch the match between Jacksonville Jaguars and Baltimore Ravens at Wembley Stadium.

In 2018, the offline retail channel segment dominated the market, accounting for more than 80% share of the overall revenue. Increasing penetration of retail outlets in developing countries is one of the main factors driving the segment over the forecast period. For instance, in 2018, American multinational company, New Balance Inc., opened a new retail outlet in Riyadh to expand in Middle East.

Moreover, due to increasing awareness related to health and supportive government initiatives, many multinational companies are focusing on India and China to expand their reach in the market. For instance, the Khelo India program has been introduced to revive the sports culture in India at the grassroots level by building a strong framework for all the sports played in the country and establish India as a great sporting nation. Such initiatives are expected to have a positive impact on the market growth.

Asia Pacific is expected to expand at fastest CAGR of 5.2% over the forecast period. Increasing sports participation in India and China, growing spending power of consumers, and rising health awareness in the region are expected to have a positive impact on the growth of the market. Central and South America is expected to witness significant growth owing to growing popularity of football, American Football, and rugby.

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

Further key findings from the study suggest:

• By gender, the kids segment is projected to expand at a CAGR of 5.0% over the forecast period
• The offline retail channel segment dominated the global sports shoe market with an overall revenue share of 83.4% in 2018
• The kids segment in U.S. was valued at USD 607.6 million in 2018 and is projected to witness significant growth in the next few years
• North America was one of the prominent regional markets in 2018 and is expected to exhibit significant growth owing to increasing popularity of field sports at the national and international levels
• The industry is highly competitive in nature due to presence of the main players including Nike, Inc.; Adidas Group; and Puma SE
• Various manufacturers are concentrating on new product launches and product innovation to expand their consumer base.

Grand View Research has segmented the global sports shoe market on the basis of gender, retail channel, and region:

Sports Shoe Gender Outlook (Revenue, USD Million, 2015 - 2025)

• Men
• Women
• Kids

Sports Shoe Retail Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Offline
• Online

Sports Shoe Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
• Europe
  • Germany
• Asia Pacific
  • China
• Central & South America
  • Brazil
• Middle East & Africa
  • South 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.

Jewelry Market is Expected To Develop at a CAGR of 8.1% from 2019 to 2025

 The global jewelry market size is expected to reach USD 480.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.1% over the forecast period. The market is expected to witness significant growth due to increase in disposable income and shift in consumer shopping preferences.

Ring accounted for the largest market share in 2018 owing to increasing consumer inclination towards elegant and stylish products. Rings are available in a variety of sizes and designs, thereby increasing their consumption among men as well. Additionally, many precious stones are discovered that can be mounted in the rings. This is expected to result in product innovation and drive the demand for rings in the forecast period.

Bracelets are expected to witness substantial growth over the projected period due to high popularity and availability. Bracelets have replaced bangles in daily wear and are seen as a style statement by majority of the working-class women. This shift in consumer perception related to jewelry products is expected to drive the overall demand.

Majority of the sales in the market were driven by gold and the maximum gold jewelry sales were recorded in China and India. Being the world’s largest jewelry market, China is the major consumer of gold and diamond. Increasing awareness among consumers related to various hallmarks to authenticate purity of gold is another factor boosting the growth of the gold jewelry. Sales of diamond jewelry are expected to increase at a significant rate owing to changing consumer lifestyle in the developed countries.

In 2018, Asia Pacific held the largest jewelry market share in terms of revenue due to the presence of the major players as well as high demand from countries like China, India, and Hong Kong. Asia Pacific is anticipated to witness substantial growth due to increasing disposable income of the population in this region. Changing fashion trends, along with awareness regarding authenticity of precious gems and metals, are the other factors propelling the market growth in this region.

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

Further key findings from the study suggest:

• By material, platinum is expected to witness a decline in the forecast period owing to its costliness and increasing consumption of gold and diamond. However, its demand may increase in North America due to highly developed countries and rich lifestyle
• The ring product segment dominated the jewelry market in 2018 due to its increasing consumption in day-to-day routine and introduction of a variety of engagement and wedding jewelry collections by major manufacturers
• The industry is highly competitive in nature due to the presence of many key global players. The local players are expected to give stiff competition owing to their unorganized nature of sales
• As a step towards diamond transparency and consumer loyalty, Tiffany & Co. has begun sharing the provenance of its newly sourced diamonds with the customers.

Grand View Research has segmented the global jewelry market on the basis of product, material type, and region:

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

• Necklace
• Ring
• Earrings
• Bracelet
• Others

Jewelry Material Type Outlook (Revenue, USD Billion, 2015 - 2025)

• Gold
• Platinum
• Diamond
• Others

Jewelry Regional Outlook (Revenue, USD Billion, 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.

Sports Eyewear Market is Poised to Exhibit A Moderate 4.4% CAGR through 2025: Grand View Research Inc.

 The global sports eyewear market size is expected to reach USD 11.40 billion by 2025 registering a CAGR of 4.4%, according to a new report by Grand View Research, Inc. Rising demand for lightweight goggles or sunglasses with dynamic designs is expected to be a key growth-driving factor for the market. The market is also driven by the shifting customer preferences owing to increasing awareness about safety during sports and physical activities. Customer acceptance for several types of safety, as well as fashionable, eyewear is fueling the demand further.

In addition, rising awareness about the benefits of using sports eyewear during outdoor sports, physical activities is likely to contribute to the demand. Europe was the largest regional market in 2018 and accounted for a global share of 34.8%. Asia Pacific is expected to be the fastest-growing regional market with a CAGR of 5.4% from 2019 to 2025. Major companies are entering the lucrative markets of APAC region, such as India and China, to gain competitive edge and increase product penetration. For instance, in March 2019, Under Armour, Inc. opened retail outlet in India. According to the company, the country has huge growth potential owing to shifting focus of customers on health and wellness.

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

Further key findings from the study suggest:

• In terms of revenue, ski sports is projected to be the fastest-growing application segment at a CAGR of 4.9% from 2019 to 2025
• Offline distribution channel segment led the global sports eyewear market in 2018 and accounted for a volume share of 63.52%
• Europe was the dominant regional market in 2018 and is likely to maintain its position throughout the forecast period
• This growth is attributed to the rising awareness about health and wellness in countries including Germany, U.K., and France, which is promoting the spending on adventure sports including water sports and trekking
• Key companies in the market include Luxotica Group SpA; Nike, Inc.; Adidas AG; Xenith, LLC.; Carl Zeiss AG; Marchon Eyewear, Inc.; MYKITA GmbH; Under Armour, Inc.; First Rank Co. Ltd.; Zoggs International Ltd.; Aqua Lung International; and Speedo International

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

Sports Eyewear Application Outlook (Revenue, USD Million, 2015 - 2025)

• Outdoor Sporting & Traveling
• Water Sports
• Ski Sports
• Others

Sports Eyewear Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Offline
• Online

Sports Eyewear Regional 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.

Vegan Food Market Revenue is expected to Reach USD 24.06 Billion by 2025: Grand View Research Inc.

 The global vegan food market size is expected to reach USD 24.06 billion by 2025 registering a CAGR of 9.6%, according to a new report by Grand View Research, Inc. Rapidly growing vegan population across the globe is driving the market. Increasing awareness about the health benefits of plant-based products is also fueling the market growth. Furthermore, rising popularity of vegan diet among celebrities and athletes is expected to boost the growth further. Meat substitute products accounted for a significant market share. Seitan is expected to be the fastest-growing meat substitute product due to its high sodium and protein content than other substitutes, such as tempeh and tofu. Over the past few years, manufacturers in developed regions like North America and Europe have launched a variety of products, which is also likely to contribute to the market growth.

In April 2019, Linda McCartney Foods, a British food brand, launched meat-free sausages made from pea protein. In the same month, Veggie Grill, a U.S.-based restaurant chain, which serves only plant-based foods, planned to open 50 more outlets across the nation. In 2019, Grill'd, an Australian food chain specializing in burgers, introduced plant-based burger called Beyond Burger on account of increasing demand for plant-based burgers. In 2017, Danone, one of the leading dairy company, invested USD 60 million in the plant-based product segment to enhance its product portfolio. From 2014 to 2017, the share of plant-based meat-free new products has doubled in U.K. In 2018, U.K. became the leading economy in plant-based product launches. The number of product launches in this category increased by 200%.

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

Further key findings from the study suggest:

• North America emerged as the largest regional market in 2018 and accounted for more than 31% of the overall share
• On the other hand, Asia Pacific is projected to lead the global market expanding at the fastest CAGR of 12.1% from 2019 to 2025
• Dairy alternatives was the leading product segment in 2018 and is projected to maintain its dominance throughout the forecast years
• This growth can be attributed to the increasing cases of lactose intolerance, which, in turn, boost the demand for dairy alternatives
• Online distribution channel is expected register the fastest CAGR of 10.1% from 2019 to 2025; however, offline channel segment will account for the largest revenue share of the global vegan food market
• Some of the key competitors in the market are Amy’s Kitchen; Danone S.A.; The Archer Daniels Midland Company; Daiya Foods, Inc.; Tofutti Brands, Inc.; Plamil Foods Ltd.; VBites Foods Ltd; Eden Foods, Inc.; VITASOY International Holdings Ltd.; and Beyond Meat

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

Vegan Food Product Outlook (Revenue, USD Million, 2015 - 2025)

• Dairy Alternatives
• Meat Substitutes
• Others

Vegan Food Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Offline
• Online

Vegan Food 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.

Soup Market is Anticipated to Register 3.0% CAGR through 2025: Grand View Research Inc.

 The global soup market size is expected to reach USD 19.8 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.0% over the forecast period. Growing demand for processed, ready to eat, and packed food and increasing women workforce are expected to increase the market demand in the upcoming years. In addition, increase in disposable income and changing consumer lifestyle in emerging economies including China and India are anticipated to increase the demand for soups.

Consumption of canned and dried soup products is increasing in North America and Europe, on account of continuous product innovation as per customer behavior and preferences. In addition, growing economic independence among women is increasing the consumption of packed and processed food products in the developed countries.

Soup being a healthy source of vitamins, minerals, nutrition, and protein serves as a prominent replacement for home cooked food. Therefore, this evolution in the working population is anticipated to significantly influence the demand for soup in future. Demand for soups in restaurants, food outlets, and food joints is expected to acquire a small market share due to growing consumer preference for ready to eat products and rising inclination towards healthy food habits.

Continuous use of cornstarch and salt in canned and dried soup products is expected to act as a restraining factor in the global market. High consumption of corn starch can lead to several health issues like increased level of blood sugar and blood pressure. However, continuous product development by companies such as Campbell Soup Company, which provides new flavors like roasted red pepper and tomato, butternut squash and sweet potato, and harvest carrot and ginger, is expected to influence the buying behavior of the younger population across the globe. The market leaders are focusing on developing new flavors and products in order to make their style statement in the market.

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

Further key findings from the study suggest:

• By product, the canned segment is projected to expand at a CAGR of 3.2% over the forecast period. This is attributed to high consumption of processed food in developed countries, including U.S. and Germany
• The dried product segment dominated the global market in 2018 with almost 60.0% share of the overall revenue. The growth is attributed to high vitamin and nutrient content in dried soup products in comparison with the other packed products
• The offline distribution channel dominated the market in 2018, accounting for a share of almost 90.0% of the overall revenue as most of the products are purchased through supermarkets/hypermarkets, convenience stores, and ordered at restaurants/food joints
• Europe dominated the global soup market in 2018, accounting for 39.6% share of the overall revenue. This trend is projected to continue over the next few years due to high preference for healthy food products in countries, including U.K., Germany, and France
• The industry is highly competitive in nature due to presence of the main players including Baxters Food Group Limited.; Nestle; The Original Soupman; AMY's Kitchen Inc.; and Associated British Foods PLC.

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

Soup Product Outlook (Revenue, USD Million, 2015 - 2025)

• Canned
• Dried
• UTH
• Others

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

• Supermarkets/Hypermarkets
• Convenience Stores
• Online

Soup Regional 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.

Sputtering Equipment Cathode Market Expected to Witness a CAGR of 4.9% through 2025: Grand View Research Inc.

 The Report Sputtering Equipment Cathode Market Size, Share & Trends Analysis Report By Product (Linear, Circular), By Region (North America, Europe, Central & South America, Middle East & Africa, Asia Pacific), And Segment Forecasts, 2019 - 2025

The global sputtering equipment cathode market size is expected to reach USD 1.23 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 4.9% over the forecast period. Increasing requirement for silicon wafers backed by the growing global electronics device demand is expected to positively impact the market growth.

Demand for sputtering equipment is projected to witness increasing demand from automobile industry as it leads to eco-friendly metallization with zero production of Volatile Organic Compounds (VOCs). In addition, it helps manufacturers replace costly metal parts with lightweight and inexpensive solution, which are coated with thin desired metals, thereby driving the demand for cathode.

The sputtering equipment cathode market exhibits high competition as a large number of key players offer a wide range of products to the end-use industries. Moreover, limited product differentiation coupled with availability of localized manufacturers is further expected increase competitiveness in the global market.

The market is anticipated to continue witnessing a number of technological developments pertaining to the physical vapor deposition process, which is primarily carried out by the use of the sputtering equipment. In addition, eco-friendly nature of the process coupled with introduction of specialized DC power based Physical Vapor Deposition (PVD) process is also anticipated to positively impact the market growth.

One of the latest innovations in magnetron sputtering includes confocal sputtering technique, which has enhanced the film uniformity. In addition, it has the capability of having multiple targets in the vacuum chamber leading to time and cost saving. These features are expected to bolster the demand for sputtering equipment especially in R&D applications, thereby driving growth of the cathode market.

Access Research Report of Sputtering Equipment Cathode Market @ https://www.grandviewresearch.com/industry-analysis/sputtering-equipment-cathode-market

Further key findings from the report suggest:

• Circular cathode is expected to register the highest CAGR of 5.4% from 2018 to 2025, owing to the ability of this cathode to apply coatings to components with intricate design. Moreover, rising demand in semiconductor wafer application is expected to drive the growth
• Linear cathode accounted for USD 203.4 million in terms of revenue in 2017. Higher sputter deposition rates enabled by the linear sputter magnetrons is expected to drive the growth in the years to come
• China held the largest market share of over 37% in 2017 owing to the presence of robust manufacturing base majorly automotive and electronics manufacturers
• Major companies operating in the sputtering equipment cathode market focus on expanding their production capacity through acquisition of local manufacturers and setting up of new facilities. They prioritize R&D to develop advanced processes to enhance the throughput.

Grand View Research has segmented the global sputtering equipment cathode market on the basis of product and region:

Sputtering Equipment Cathode Product Outlook (Revenue, USD Million, 2014 - 2025)

• Linear
• Circular

Sputtering Equipment Cathode Regional Outlook (Revenue, USD Million, 2014 - 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.

Aerospace Foam Market Expected to Collect USD 8.66 Billion by the End of 2025: Grand View Research Inc.

 The Report Aerospace Foam Market Size, Share & Trends Analysis Report By Type (Polyurethane, Polyethylene, Melamine, Metal, Polyimide, PET, PVC, Specialty High Performance), By Application, And Segment Forecasts, 2019 - 2025

The global aerospace foam market size is expected to reach USD 8.66 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at CAGR of 6.1% over the forecast period. Aerospace is one of the most attractive destinations for polymer foam manufacturers. Strong demand for next-generation commercial aircraft owing to the growing passenger traffic, especially in Asia Pacific and Middle East and Africa, is expected to drive the demand for polymer foam.

According to the International Air Transport Association (IATA), the global passenger traffic is likely to grow at an annual compounded rate of 3.6% from 2016 to 2036 and reach 7.8 billion passengers by 2036. This is expected to result in higher production of commercial aircraft to meet the rise in passenger traffic.

Stringent regulations imposed by various government bodies to reduce CO2 emissions are driving growth of lightweight materials in aerospace applications. These regulations are forcing Original Equipment Manufacturers (OEMs) to seek alternatives to heavy metals to reduce the emissions and to increase fuel efficiency. This factor is anticipated to drive the demand for foam over the forecast period.

The aerospace and defense industry is increasingly making use of lightweight materials in an attempt to improve cost-efficiency and environmental performance of aircraft. Light-weight materials used in aircraft interiors, where fires are most likely to happen, must adhere to strict fire safety requirements certified for commercial airline structures.

For instance, the Federal Aviation Administration (FAA) has outlined safety requirements guidelines for flammability under FAR 25.856. Likewise, several aviation-based international governing authorities, such as the National Qualifications Authority (NQA), International Traffic in Arms Regulations (ITAR), and Aircraft Information Management Systems (AIMS) have framed safety requirements for airlines and aircraft structures.

Specialty high-performance materials are required to be used in the aerospace industry, where high strength and resistance is desirable. Polymethacrylimide foam, specialty high-performance material, is preferred in aviation applications on account of its rigidity, high compressive strength, and suitability to standard pre-preg production cycles.

Access Research Report of Aerospace Foam Market@ www.grandviewresearch.com/industry-analysis/aerospace-foam-market

Further key findings from the report suggest:

• Polyetherimide foam is estimated to be one of the fastest growing types of aerospace foam over the forecast period
• Commercial aviation was the largest application segment in 2017 and accounted for over 46% of global market share in terms of revenue
• Polyurethane foam is the largest polymer type segment which is forecasted to attain a market share of over 38% by 2025
• Some of the key players operating in the aerospace foam market are Evonik Industries AG; BASF SE; SABIC; and DowDuPont Inc.

Grand View Research has segmented the global aerospace foam market on the basis of basis of type, application and region:

Aerospace Foam Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Polyurethane
• Polyethylene
• Melamine
• Metal
• Polyimide
• PET
• PVC
• Specialty High Performance

Aerospace Foam Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• General Aviation
• Commercial Aviation
• Military Aircraft

Aerospace Foam Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 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.

Silicone Market is Anticipated To Generate Significant Revenues by 2027: Grand View Research Inc.

 Silicone Market Growth & Trends

The global silicone market size is anticipated to reach USD 18.6 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.7% from 2020 to 2027. The growing demand for lightweight automotive materials to reduce the overall vehicular weight is expected to drive the market over the forecast period. The rising importance of liquid silicone rubber as Liquid Injection Molding System (LIMS) materials in wire harness for inducing an indispensable wiring system is also expected to drive the market. Furthermore, the growing demand for electroactive materials in the electrical industry will fuel market growth.

On the basis of end-use, the market is segmented into electronics, transportation, construction, healthcare, personal care, and consumer goods, energy, industrial processes, and others. The electronics segment is expected to the fastest-growing end-use segment with a revenue-based CAGR of 5.1% over the forecast period. The rising application of silicone in the form of fluids, greases, oil compounds, varnishes, and rubbers in a broad range of electronic applications, such as protecting insulators from salt air damage, moisture-proofing of boards, modification of semiconductor encapsulating materials, and protecting the ends of heating element wires in printed circuit boards (PCBs), semi-conductors, electronic control units (ECUs), LED devices, and various ICT equipment, is contributing to the significant growth of the market over the forecast period.

Moreover, the positive outlook towards the energy sector, especially in the renewable energy sector such as wind energy and solar energy, has fueled the demand for silicone products in solar panel and wind turbine applications in the recent years. Countries such as the U.S., China, India, and Japan are significantly investing in clean energy to become self-sustained and low greenhouse emission countries. China’s investment in clean energy is the highest in the world. In 2019, China invested around USD 83.4 billion in clean energy research & development. The U.S. and Japan had the second - and third-highest clean energy investments that year. The positive outlook towards the renewable energy sector is expected to fuel the product demand in the coming years.

Request a free sample copy or view report summary: Silicone Market Report

Silicone Market Report Highlights

• The North America silicone market was valued at USD 3.2 billion in 2019. In the U.S., the electrical and electronics sectors are estimated to witness rapid growth over the forecast period owing to the rising use of enhanced technologies, such as 4K Ultra HD and smart home technology
• The elastomersproduct segment accounted for the largest revenue share of 41.4% in 2019 and is estimated to maintain its lead over the forecast period owing to rising demand for lightweight automobile parts
• The fluids segment was the second-largest product segment in 2019 and is expected to expand at a healthy CAGR of 3.6% in terms of revenue over the forecast period owing to excellent thermos-oxidative resistance, shear stability, and low volatility and surface tension of fluids
• The construction end-use segment is expected to gain a significant share in the market over the forecast period owing to rising product usage for waterproofing and in airtight gaskets in the construction industry.

Silicone Market Segmentation

Grand View Research has segmented the global silicone market on the basis of product, end-use, and region:

Silicone Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Fluids
  • Straight Silicone Fluids
  • Modified Silicone Fluids
• Gels
• Resins
• Elastomers
  • High-Temperature Vulcanized (HTV)
  • Liquid Silicone Rubber (LSR)
  • Room Temperature Vulcanized (RTV)
• Others
  • Adhesives
  • Emulsions

Silicone End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Electronics
• Transportation
• Construction
• Healthcare
• Personal Care and Consumer goods
• Energy
• Industrial Processes
• Others

Silicone Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Russia
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia

List of Key Players of Silicone Market

• Shin-Etsu Chemical Co., Ltd.
• Wacker Chemie AG
• Evonik Industries AG
• Elkay Chemicals Pvt. Ltd.
• Supreme Silicones
• Dow Inc.
• KCC CORPORATION
• Elkem ASA
• Silchem Inc.
• Specialty Silicone Products, Inc.

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.

Netted Fabrics Market Is Expected To Gain Significant Traction Over The Forecast Period: Grand View Research Inc.

 The global netted fabrics market size is expected to reach USD 342.7 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.9% over the forecast period. Growing preference for durable and comfortable apparel especially in the field of sports, along with changing trends in the fashion industry, is likely to create robust demand for the global market.

Celebrities and bloggers across the globe have been seen flaunting dresses and apparels such as stockings and scarfs made up of net fabric over social media sites such as Instagram and Twitter. Netted fabric has emerged as the upcoming global fashion trend and is featured on various platforms such as Milan Fashion Week and Elle Magazine’s Spring 2019 Collection.

Nylon is expected to register a CAGR of 4.4% over the forecast period. The segment growth is attributed to its extensive usage in manufacturing of backpacks, tents, and mosquito and fishing nets. This material carries high tensile strength and durability, hence it is used in sportswear such as tights and running shorts for athletes. Rapidly growing automotive industry is helping the global market to boom as polyester mesh is popularly used to manufacture seat covers as it enables permeability of air. For instance, Chinese suppliers such as SeatCoverPlus provides customized seat covers with breathable and comfortable mesh fabric, thereby providing a sweat-proof yet contemporary look to the interiors of a car.

Fishnet is a slightly-coarse netting variety usually made up of polyester and nylon that helps in adding a considerable amount of elasticity for more stretchiness. The segment is expected to register a CAGR of 4.3% over the forecast period owing to significant its use in these fabrics. These are often used to manufacture tents and fishing nets. Moreover, this product is used to make stockings, hosiery, bodysuits, and other stretchable clothing, especially for women. For instance, a number of brands such as Victoria Secrets, Hunkemoller, and H&M use fishnet fabric to make bodysuits and beachwear.

Due to evolving contemporary trends in the fashion industry, designers are more inclined towards using knitted/woven fabrics. For instance, Nike, Adidas, and Puma are manufacturing shoes and sportswear using mesh fabric to increase the level of complacency and resilience. Additionally, companies such as Wrogn and HRX have made sportswear and athleisure wear comparatively cheaper and popular amongst the young online shoppers. Countries such as India, China, and Brazil are taking more initiatives in sports, which, in turn, is leading to higher sales of trendy sportswear and shoes.

In terms of revenue, Asia Pacific is anticipated to expand at a CAGR of 4.5% from 2019 to 2025. Market demand is expected to boost, especially for the clothing segment, due to rise in designer brands like Anita Dongre, Sabyasachi, and Needledust in this region. The Asia Pacific netted fabrics market is anticipated to witness the fastest growth due to the presence of a substantial number of manufacturers in this region, coupled with rapidly growing adolescent population.

Key players in the market include Ultraflexx; Jason Mills, LLC; The Chemours Company; Stannek Netting; Birdair; Taconic; Fiberflon; and Snyder Manufacturing, Inc. For instance, Stannek Netting is a U.S. based manufacturer that specializes in netted fabrics of different variants including polyester and nylon and according to the data retrieved by Hoovers, it had annual sales of 17 million in 2018.

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

Further key findings from the report suggest:

• By product, tulle accounted for 38.1% share of the total revenue in 2018 and is projected to exhibit a significant increase over the coming years
• Europe is projected to generate a revenue of USD 105.4 million by 2025
• APAC is the fastest growing region with a CAGR of 4.5%. This trend is projected to continue over the coming years
• An increase in the demand is observed over the past few years due to rising purchasing power parity of consumers and increased preference for durable and comfortable apparel in countries such as Dubai, China, India, and Sri Lanka
• The netted fabrics industry is highly competitive in nature with the major players including Ultraflexx; Jason Mills, LLC; The Chemours Company; Stannek Netting; Birdair; Taconic; Fiberflon; and Snyder Manufacturing, Inc.

Grand View Research has segmented the global netted fabrics market on the basis of material, product, application, and region:

Netted FabricsMaterial Outlook (Revenue, USD Million, 2015 - 2025)

• Nylon
• Polyester
• Others

Netted FabricsProduct Outlook (Revenue, USD Million, 2015 - 2025)

• Tulle
• Fishnet
• Others

Netted FabricsApplication Outlook (Revenue, USD Million, 2015 - 2025)

• Clothing
• Utility

Netted FabricsRegional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
• Europe
  • France
  • UK.
• Asia Pacific
  • India
  • China
• Central and South America
  • Brazil
• Middle East and Africa
  • Saudi Arabia

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.

Pressure Sensitive Adhesives Market will be worth USD 14.89 Billion by 2025

 The global pressure sensitive adhesives market size is anticipated to reach USD 14.89 billion by 2025 expanding at a CAGR of 4.3%, according to a new report by Grand View Research, Inc. Rising demand from packaging industry is predicted to drive the pressure sensitive adhesive (PSA) market growth. Water-based PSAs, also known as emulsion PSA, led the market in 2018. The environmentally friendly nature of these PSAs coupled with compliance with government regulatory bodies, such as Environmental Protection Agency (EPA), is the crucial factor supporting the segment growth.

Radiation cured PSAs are estimated to witness the fastest CAGR over the forecast period. They are typically based on acrylic formulations and provide an ideal solution combining balanced performance, good weather resistance, and advantageous processing. New product launches along with extensive R&D in radiation cured technology are expected to propel the segment growth over the forecast period. Packaging industry, especially food packaging, is one of the most significant end-use industries. PSA labels and tapes help maintain the brand image of the packaged product and are compatible with numerous substrates and coatings.

They offer significant advantages, such as instant bonding and user-friendly application. In the automotive industry, labels play an important role in the supply chain of a car. Majority of the total automotive labels are applied on the automotive parts before car assembly in the supply chain. Several numbers are stamped on pieces of metals and parts to aid in automotive assembly. Apart from labeling, these tapes are used in the assembly of interior vehicle components like dashboards, glass, mirrors, fabric, and carpet.

In the construction industry, higher bonding speed, longer durability, extreme weather resistance, and user-friendly features of acrylic tapes play a crucial role. Acrylic construction tapes are an eco-friendly option as they produce minimal off-gases and fumes. With stringent environmental codes and regulations in the construction industry, PSA high-performing tapes are expected to emerge as the ideal choice for architects and builders.

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

Further key findings from the study suggest:

• Water-based technology led the market in 2018. These products are eco-friendly, which is a significant factor driving the segment growth
• Tapes segment led the market in 2018. Increasing demand for carton sealing from the packaging industry and its increasing usage in automotive assembly is the major factor driving the segment
• In terms of revenue, graphic films are estimated to register the fastest CAGR of 5.8% over the forecast period. Increasing demand for vehicle graphics and advertising graphics will stimulate the segment growth
• Silicone-based adhesive formulations are estimated to expand at the fastest CAGR from 2019 to 2025 owing to excellent weather resistance and long-term durability offered by these formulations
• Asia Pacific led the global pressure sensitive adhesives (PSAs) market in 2018 owing to extensive product demand and manufacturing activities in the region
• 3M Company, Henkel, and Avery Dennison are the dominant industry participants owing to their wide product portfolio and significant integration in the manufacturing process

Grand View Research has segmented the global pressure sensitive adhesives market on the basis of technology, adhesive chemistry, product, end use, and region:

PSAs Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Water-based
• Solvent-based
• Hot Melt
• Radiation-cured
  • Radiation-cured Hot Melt
  • Radiation-cured Syrup-based

PSAs Adhesive Chemistry Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Acrylic
• Rubber
• Silicone
• Others

PSAs Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Tapes
• Labels
• Graphic Films
• Others

PSAs End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Automotive
• Electronics
• Consumer Goods
• Packaging
• Construction
• Others

PSAs Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• South & Central America
  • Brazil
• Middle East and 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.

Flooring Market Top Companies, Trends and Growth Factors Details for Business Development by 2027

 

Flooring Market Growth & Trends

The global flooring market size is expected to reach USD 584.14 billion by 2027, expanding at a CAGR of 5.9%, according to a new report published by Grand View Research Inc. Increasing construction projects across the globe coupled with a rising number of building renovation activities for old residential and commercial structures are likely to support the growth.

Preferences for flooring vary across the globe. For instance, non-resilient flooring is widely accepted in Asia Pacific and Middle East and Africa. Comparatively cold regions such as North America and Europe, on the other hand, prefer soft covering floors, such as carpets and resilient materials to resist the effect of temperature.

Commercial availability of flooring products coupled with introduction of new design and dimensions in flooring components has propelled the market. Technological advancements have helped the manufacturers introduce innovative products with custom colors, designs, and dimensions. This factor is likely to propel the demand in the forthcoming years.

Leading players in the flooring market engage in providing optimum solutions for building structures. Specialized flooring components are introduced by the players to cater to specific buildings structures in residential, commercial, and industrial application. A few market players have introduce products made of recycled materials, taking environmental concerns into consideration.

Request a free sample copy or view report summary: Flooring Market Report

Flooring Market Report Highlights

• Resilient flooring is expected to ascend at the fastest CAGR 5.4% over the forecast period, on account of the wide acceptance of performance floorings including luxury vinyl tiles and vinyl floor tiles
• In Asia Pacific, the revenue for non-resilient flooring stood at USD 17.02 billion in 2019 and is projected to upscale in the estimated period owing to the wide acceptance of ceramic and natural stone flooring
• In North America, soft covering accounted for the largest market share of 36.4% in 2019, owing to the high thermal resistance, easy maintenance, and superior comfort offered by the product
• In 2019, the commercial segment accounted for 35.7% of market share and is likely to expand at CAGR of 6.0% over the forecast period, owing to a rise in construction of commercial building structures globally
• The demand for flooring in the U.S. residential construction sector is expected to grow on account of increasing single-family constructions and renovation activities
• Prominent market players including Tarkett S.A. and Mohawk are targeting the acquisitions of smaller players to enhance their product portfolio and to gain greater market share on global scale

Flooring Market Segmentation

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

Flooring Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)

• Soft Covering
• Resilient Flooring
• Non-resilient Flooring
• Seamless Flooring

Flooring Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)

• Residential
• Commercial
• Industrial

Flooring Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
• Central & South America (CSA)
  • Brazil
  • Argentina
• Middle East & Africa (MEA)
  • Saudi Arabia
  • UAE

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.

Smoke Detector Market Poised to Expand at a Robust Pace Over 2025: Grand View Research Inc.

 The global smoke detector market size is expected to reach USD 3.01 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 8.8% during the forecast period. Increasing sustainable development in the infrastructure sector coupled with stringent government policies and regulations are projected to surge the application smoke and fire detection devices.

Favorable initiatives and policies framed by the government bodies are anticipated to drive the market growth. Governments from some developed countries offer monetary support for the installation of smoke detectors in residences. These initiatives help increase awareness among customers regarding the importance of smoke and fire detection devices, which in turn is expected to surge the market growth. For instance, the U.S. government have extended support by granting USD 110,000 to the Fire Department of Berrien Springs - Oronoko Township - to increase awareness regarding smoke detectors. This initiative also promotes benefits associated with the product. These measures will boost the scope of application and market growth over the forecast period.

North America held the largest market share of 31.68% in 2018. Major manufacturers are adopting strategies such as mergers and acquisitions, new product launches, and awareness campaigns. For instance, in June 2018, Kidde launched an awareness creating campaign 'Beat the Beep'. This campaign is important to educate the residents of California regarding the importance of smoke detectors and identifying the situation when a Carbon Monoxide (CO) alarm or smoke alarm needs to be replaced.

Major manufacturers are Kidde; Honeywell International Inc.; Johnson Controls; BRK Brands, Inc.; Siemens AG; Birdi; Hochiki Corporation; Huawei Technologies Co., Ltd.; Xtralis Pty Ltd.; and Robert Bosch LLC. Increasing awareness regarding fire safety in commercial as well as residential buildings is fueling the product demand for the product over the forecast period. The market is competitive in nature owing to the increasing product innovation and R&D activities by the market leaders.

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

Further key findings from the report suggest:

• In terms of revenue, dual sensor technology is projected to ascend at a CAGR of 9.3% over the forecast years
• Industrial end use led the global smoke detectors market with an overall volume share of over 41.66% in 2018
• North America held the leading market share of 31.68% in 2018. It is anticipated to continue the dominance over the forecast period
• Key players includes Kidde; Honeywell International Inc.; Johnson Controls; BRK Brands, Inc.; Siemens AG; Birdi; Hochiki Corporation; Huawei Technologies Co., Ltd.; Xtralis Pty Ltd.; and Robert Bosch LLC

Grand View Research has segmented the global smoke detector market on the basis of technology, end use, and region:

Smoke Detector Technology Outlook (Revenue, USD Million, 2015 - 2025)

• Photoelectric
• Dual Sensors
• Ionization

Smoke Detector End Use Outlook (Revenue, USD Million, 2015 - 2025)

• Commercial
• Industrial
• Residential

Smoke Detector Regional 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.