Aerosol Market Forecasted to Grow at Steady Pace During 2022-2030: Grand View Research Inc.

 Aerosol Market Growth & Trends

The global aerosol market size is anticipated to reach USD 131.9 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 6.6% during the forecast period. The rising demand for aerosol products from various end-use industries, such as personal care, household, automotive and industrial, and medical, is anticipated to drive the growth. Aerosol paints are being increasingly used for automotive as well as architectural paint applications. Uniform propulsion, ease of application, and aesthetic appeal of aerosols are key factors driving their demand in architectural and automotive paint end-use industries.

Furthermore, the rapidly expanding construction sector, especially in developing countries such as India, China, Vietnam, and Indonesia, is expected to further fuel the product demand in paint application. Globally, the cases of respiratory diseases, such as asthma and Chronic Obstructive Pulmonary Disease (COPD), have considerably increased over the past several years, majorly due to the changing lifestyle and rising geriatric population. The growing cases of such respiratory diseases are principally driving the demand for aerosol-based inhalers. In addition, high demand for various pain relief sprays owing to their convenience of application is further anticipated to expand the market growth in the coming years. Asia Pacific is among the significant regional markets.

The rising demand for personal care products from developing countries is anticipated to propel the demand for aerosol. In addition, increasing awareness regarding cleanliness and hygiene is boosting the growth of household products like cleaners, sanitizing agents, and air fresheners. The growing demand from Asia Pacific is encouraging aerosol manufacturers to increase their production. For example, in February 2019, Vanesa Care announced plans to set up its fourth manufacturing facility in India. The global market is highly competitive with numerous players involved in acquisitions and expansions. In addition, they also conduct R&D for the emerging sectors, such as household and personal care.

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Aerosol Market Report Highlights

• The personal care application segment accounted for the largest revenue share in 2021 due to extensive usage of aerosol in deodorants, hair mousses, hair sprays, and others due to its convenience, which contributed to the growth of this segment
• The automotive & industrial application segment is anticipated to grow at a steady CAGR from 2021 to 2030 due to increasing preference for aerosol-based greases and oils by the automobile service stations
• Asia Pacific is estimated to be the fastest-growing regional market from 2021 to 2030 on account of the rising penetration of retail, growing construction activities, and increasing sales of automobiles
• The market in Europe is expected to witness sluggish growth in the coming years owing to the regulations regarding Volatile Organic Compounds (VOCs) emissions imposed by the European Commission and Environmental Protection Agency (EPA)
• The global market is highly competitive owing to the presence of major players like Proctor & Gamble, Reckitt Benckiser, etc.

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Aerosol Market Segmentation

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

Aerosol Material Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

• Steel
• Aluminum
• Others

Aerosol Type Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

• Bag-In-Valve
• Standard

Aerosol Application Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

• Personal Care
  • Deodorants
  • Hair Mousse
  • Hair Spray
  • Shaving Mousse/Foam
  • Suncare
  • Others
• Household
  • Insecticides
  • Plant Protection
  • Air Fresheners
  • Furniture & Wax Polishes
  • Disinfectants
  • Surface Care
  • Others
• Automotive & Industrial
  • Greases
  • Lubricants
  • Spray Oils
  • Cleaners
• Food
  • Oils
  • Whipped Cream
  • Edible Mousse
  • Sprayable Flavours
• Paints
  • Industrial
  • Consumer
• Medical
  • Inhaler
  • Topical Application
• Others

Aerosol Regional Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia

List of Key Players of Aerosol Market

• Proctor & Gamble
• Reckitt Benckiser
• Unilever
• Honeywell International Inc.
• SC Johnson & Son Inc.
• Henkel

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.

India Consumer Electronics Market Estimated To Flourish By 2030: Grand View Research Inc.

 India Consumer Electronics Market Growth & Trends

The India consumer electronics market size is expected to reach USD 124.94 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.5% from 2022 to 2030. Rising disposable income, rapid urbanization, and the introduction of novel products in the market are expected to further contribute to the market growth.

The demand for flat refrigerators, washing machines, and TVs is rising with a decline in penetration of products vis-à-vis global levels, urbanization, and increasing disposable income of consumers. There has been an increase in imports from regions such as China and South-East Asia, considered to be low-cost regions, owing to certain free-trade agreements and the availability of low-cost products, in relation to costs about local manufacturing. To effectively suffice the rising local demand and export demand to the neighboring regions and the Middle East and Africa, global market participants are planning to expand their local manufacturing in India, thus making it an export hub.

However, presently the Indian manufacturers are facing challenges such as an inverted duty structure due to free trade agreements, which makes Indian manufacturing uncompetitive for white goods, including ACs, refrigerators, and washing machines. The non-applicability of Modified Special Packages Scheme (MSIPS) in several consumer durables; hiked excess duties, under-developed and insufficient local supplier base; and high-cost of manufacturing and capital costs owing to frequently changing energy efficiency requirements also contribute to this scenario.

The drivers contributing to the growth of this market relate to increasing levels of income and urbanization, improved affordability of products, product innovation, the availability of newer variants of products, easy consumer financing, and a rise in the share of organized retail. Increasing local value addition levels and growing investment will observe a manifold jump as an increasing number of OEMs are foreseeing the localization of their products in India.

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India Consumer Electronics Market Report Highlights

• The televisions product segment accounted for the second-largest revenue share in 2021. The increasing per capita income, burgeoning middle class, and increasing standard of living in the country are leading to a rise in demand for television sets. Promotion and advertisement activities carried out by the leading industry participants such as Samsung have positively augmented the market growth, and this trend is expected to continue over the forecast period
• The air conditioners product segment is expected to register a significant CAGR from 2022 to 2030. The increased spending power of the average Indian consumer, together with the strengthening of the residential sector in India, will contribute to an increase in demand for air conditioners in the country
• The digital cameras product segment is projected to register the fastest CAGR of 7.8% from 2022 to 2030. The demand in India has been stimulated by its rising popularity among consumers due to its capacity to offer high-quality images. In addition, rising interest in wildlife, fashion, and wedding photography has fueled the expansion of the digital camera market

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India Consumer Electronics Market Segmentation

Grand View Research has segmented India consumer electronics market on the basis of product:

India Consumer Electronics Product Outlook (Revenue, USD Million, 2017 - 2030)                          

• Smartphones
• Televisions
• Refrigerators
• Washing Machines
• Digital Cameras
• Air Conditioners
• Others              

List of Key Players of India Consumer Electronics Market

• Samsung Electronics Co., Ltd.
• LG Electronics, Inc.
• Godrej Appliances
• Sony Corporation
• Mitsubishi Electric Corporation
• Vijay Sales
• Panasonic Corporation
• Haier Consumer Electronics Group
• Bajaj Electricals Ltd.
• Hitachi Ltd.
• Toshiba Corporation
• Whirlpool Corporation

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.

U.S. Acute Hospital Care Market Latest Trends, Industry Growth And Forecast To 2030: Grand View Research Inc.

 U.S. Acute Hospital Care Market Growth & Trends

The U.S. acute hospital care market size is expected to reach USD 2,635.6 billion by 2030 and is expected to expand at a CAGR of 6.6% over the forecast period, according to a new report by Grand View Research, Inc. Significant increase in the number of patients suffering from chronic diseases such as cancer, diabetes, heart disease, and stroke is driving the market growth. Increasing incidence of trauma, demand for acute hospitals, and unmet medical needs are expected to boost growth. In addition, technological advancements for improving the quality of treatment to reduce Length of Stay (LOS) and achieve a faster Turnaround Time (TOT) are expected to aid growth. As per the CMS Hospital Compare List, the U.S. has roughly 4,749 acute care hospitals.

According to Agency for Healthcare Research and Quality (AHRQ), the vast majority of these hospitals- about 70%- are part of a healthcare system. This trend may increase the importance of these facilities in determining how people are treated. According to CDC in 2018, each year, around 2.8 million people in the U.S. suffer from traumatic brain injuries, which lead to approximately 56,000 deaths and 282,000 hospitalizations. Around 2.5 million of these patients are treated and released from the emergency room annually. In addition, according to the National Spinal Cord Injury Association, each year, around 17,730 cases of spinal cord injury are recorded in the U.S., out of which, around 20% to 30% opt for neurological rehabilitation.

Acute hospital care aims to help patients attain stable and healthy medical conditions as well as discharge them as early as possible. The aforementioned factors are anticipated to drive the overall market growth in the coming years. The COVID-19 pandemic had a substantial impact on healthcare utilization across all sectors of the U.S. healthcare system. Hospitals were flooded with COVID-19 patients, straining ICUs beyond their customary capacity and increasing mental health boarding. ICU utilization declined following the initial increase, however, ICU/CCU days remained greater than that in 2019. As per Massachusetts HPC Report, ICU/CCU days increased by 10.0% between 2019 and 2020, despite a decline in admissions. Moreover, healthcare utilization of non-COVID-19 patients decreased as a result of a variety of factors, including state and federal guidance intended to preserve needed hospital bed capacity while minimizing infection transmission, patient reluctance to receive in-person care, and shift to telehealthcare.

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U.S. Acute Hospital Care Market Report Highlights

• The emergency care segment dominated the market in 2021 and is expected to maintain its dominance during the forecast period. This can be attributed to the growing incidence of accidents, burns, heart attacks, severe bleeding, acute infections, and other conditions. As per CDC, each year, roughly 130.0 million people visit emergency departments in the U.S. Adults aged 18 and over attended EDs at a rate of approximately 22.0% in 2019
• The general acute care hospital segment accounted for the maximum market share in 2021 owing to a growing number of admissions at these facilities. In recent years, there is a drastic shift of patients from EDs to these facilities, which is poised to surge segment growth
• The ICU segment held the major share of the market in 2021. This can be attributed to the growing patient population requiring intensive monitoring. Moreover, the ongoing COVID-19 pandemic is expected to boost the demand for intensive care
• Mergers and acquisitions and partnerships are some of the key strategies being undertaken by the market players. For instance, in June 2019, Community Health Systems, Inc. acquired Northwest Mississippi Medical Center in Clarksdale, Mississippi, with its 181 licensed beds and other outpatient and ancillary services

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U.S. Acute Hospital Care Market Segmentation

Grand View Research has segmented the U.S. acute hospital care market on the basis of medical condition, facility type, and service:

U.S. Acute Hospital Care Medical Condition Outlook (Revenue, USD Billion, 2017 - 2030)

• Emergency Care
• Short-term Stabilization
• Trauma Care
• Acute Care Surgery
• Others

U.S. Acute Hospital Care Facility Type Outlook (Revenue, USD Billion, 2017 - 2030)

• General Acute Care Hospitals
• Psychiatric Hospitals
• Specialized Hospitals
• Rehabilitation Hospitals
• Long Term Acute Care (LTAC)

U.S. Acute Hospital Care Service Outlook (Revenue, USD Billion, 2017 - 2030)

• Intensive Care Unit (ICU)
• Neonatal Intensive Care Unit (NICU)
• Coronary Care Unit (CCU)
• Others

List of Key Players of U.S. Acute Hospital Care Market

• TH Medical (Tenet Healthcare Corporation)
• Universal Health Services Inc.
• Community Health Systems, Inc.
• Ascension
• Lifepoint Health, Inc.
• Ardent Health Services
• Emerus Hospital Partners, LLC
• Stanford Health Care, Inc.
• NYU Langone Hospitals
• NewYork-Presbyterian Hospital

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.

Veterinary Medicine Market is Expected to Enhance USD 54.6 Billion Revenue By 2030: Grand View Research Inc.

 Veterinary Medicine Market Growth & Trends

The global veterinary medicine market size is expected to reach USD 54.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 7.3% over the forecast period. The companion animal segment is anticipated to demonstrate the fastest growth during the forecast period owing to the increasing prevalence of chronic diseases and rising demand for advanced treatment alternatives for canines suffering from chronic diseases. The COVID-19 pandemic resulted in regulatory changes, which are anticipated to iron out the disruptions, thereby increasing manufacturing and adoption of vet medicines in near future.

The federal government has taken various relief measures, which include new tax provisions, small business loans, and unemployment insurance to respond to the pandemic and support the veterinarians. AVMA has also taken supportive measures to support small veterinary businesses or practices. In August 2020, the USFDA stated that 6 out of 32 animal drug companies could soon face shortages who source their API from China. Due to labor shortage, there is also reduced capacity to work on animal health activities, such as vaccination, good biosecurity, and prophylactic treatment. The manufacturing units are taking preventive measures for the uninterrupted production of veterinary drugs.

The growing consumption of meat is fueling the demand for mandatory vaccination for animals, which results in market growth. According to The World Counts, meat consumption is estimated to range between 460-570 million tons by 2050. Such factors are expected to drive the demand for medicinal feed additives & antibiotics to boost livestock production and thereby fueling the market growth. An increase in the consumption of animal-based products, recent developments in feed production, implementation of innovative animal husbandry practices to advance meat quality, and standardization of meat products due to disease outbreaks have also boosted the demand for animal feeds, thereby creating growth opportunities for the companies operating in this space.

The new regulations on veterinary medicines and medicated feed enforced from January 2022 within the European Union are expected to support European Union action to fight against antimicrobial resistance. These types of supportive initiatives undertaken by regulatory bodies to keep antimicrobials (comprising antibiotics) effective based on a ‘One health’ approach are expected to maintain animal and public health. Moreover, it also improves the access to high-quality & safe-to-use medicines for livestock farmers, veterinarians, and pet owners. The market leaders are involved in strategic collaborations, acquisitions, investments in new product segments, mergers, and new product launches to sustain the competition.

For instance, in July 2021, Nutreco acquired Bigsal Nutrição Animal from H.I.G. Capital in Brazil. This strengthened the company’s position in the animal nutrition space, of the Brazilian market. In February 2021, Virbac opened the R&D facility dedicated to warm water aquaculture in Vietnam. The new facility would enable the development of vaccines, probiotics, and other products for aquatics. Initiatives like these are anticipated to propel market growth in the coming years. In October 2021, Boehringer Ingelheim invested an additional USD 112.68 million in its veterinary public health capacity in Lyon-Jonage, France. This new capacity will be one of the largest biotechnology manufacturing sites for veterinary vaccines in Europe. Leading players have maintained their market position in terms of product penetration, regional presence, revenue, as well as strategic initiatives.

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Veterinary Medicine Market Report Highlights

• The production animal segment is projected to register a significant CAGR over the forecast period. Increasing focus on food safety and sustainability by government healthcare organizations globally is contributing to the segment growth
• The biologics segment, which includes vaccines, is expected to exhibit the fastest CAGR over the forecast period owing to the increasing awareness regarding the importance of vaccination in animals
• The oral mode of administration is expected to grow at the fastest growth rate from 2022 to 2030 owing to the increasing incidence of chronic conditions in pets
• The reference laboratories segment is anticipated to witness lucrative growth in the coming years due to the high demand as laboratories enable testing of various infections, toxic agents, and different ailments in specimens obtained from pets
• North America held the second-largest revenue share in 2021, due to the high prevalence of zoonotic diseases in this region. Moreover, reimbursement programs across the U.S. make this continent a major contributor to the market
• Asia Pacific is anticipated to witness the fastest CAGR from 2022 to 2030 owing to the rising adoption of pet animals, growing concerns regarding animal health, and the high prevalence of diseases in animals

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Veterinary Medicine Market Segmentation

Grand View Research has segmented the global veterinary medicine market on the basis of animal type, product, mode of delivery, end-user, and region:

Veterinary Medicine Animal Type Outlook (Revenue, USD Million, 2017 - 2030)

• Production
  • Poultry
  • Swine
  • Cattle
  • Sheep & Goats
  • Fish
• Companion
  • Dogs
  • Cats
  • Horses
  • Others

Veterinary Medicine Product Outlook (Revenue, USD Million, 2017 - 2030)

• Biologics
  • Vaccine
    • Live attenuated vaccines
    • DNA Vaccines
    • Recombinant Vaccines
    • Inactivated Vaccines
    • Others
  • Others
• Pharmaceuticals
  • Parasiticides
  • Anti-infectives
  • Anti-inflammatory
  • Analgesics
  • Others
• Medicated Feed Additives

Veterinary Medicine Mode of Delivery Outlook (Revenue, USD Million, 2017 - 2030)

• Oral
  • Powder
  • Tablets
• Parenteral
• Suspension
• Topical
• Carrier

Veterinary Medicine End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Reference Laboratories
• Point-of-Care Testing/In-house Testing
• Veterinary Hospitals & Clinics
• Others

Veterinary Medicine Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia

List of Key Players of Veterinary Medicine Market

• Merck Animal Health
• Ceva Sante Animale
• Vetoquinol S.A.
• Zoetis
• Boehringer Ingelheim GmbH
• Elanco
• Nutreco N.V.
• Virbac
• Kindred Biosciences, Inc.
• Biogenesis Bago
• Indian Immunologicals Ltd.
• Neogen Corp.
• Hester Biosciences
• Phibro Animal Health

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.

Global Market For Injection Molding to Witness Tremendous Growth and Expansion by 2030

 Injection Molding Market Growth & Trends

The global injection molding market size is anticipated to reach USD 397.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.8% from 2022 to 2030. The market is driven by the rising demand for injection-molded components from various end-user industries since it offers cost-effective and efficient methods for manufacturing high-volume production of parts and products. The market has witnessed growth especially from the medical industry, with the emergence of the COVID-19 pandemic, as this product can offer accuracy, a high range of operation, repeatability, and cleanliness. Furthermore, packaging manufacturers leverage injection molding with robotics to run faster production rates with cost-effectiveness.

The market has witnessed surged adoption in recent years on account of the manufacturing technology employed for producing complex products. Players incorporate industry 4.0 in their process, thereby optimizing the requirement of raw materials, lowering costs, increasing automation, flexibility among other things. COVID-19 pandemic had caused supply chain disruptions in 2020 resulting in losses for the service providers as demand from various end-user industries was halted. However, with the infusion of economic stimulus packages, manufacturers have adopted automation to shorten production cycle time, thereby increasing productivity and profits.

The demand for plastic injection molding is witnessing significant growth due to high tensile strength and high-temperature endurance that have led to the surged usage of engineering-grade plastic resins for molded products. Moreover, plastic resins enable a reduction in manufacturing waste, product weight, and overall manufacturing costs. Companies providing molding services are engaged in acquiring the latest technologies to meet the changing demands from the medical industries and increase manufacturing capacity. For instance, in August 2021, HTI Plastics installed a new 420-ton injection molding press with an integrated Engel Viper 20 robot to advance its machinery capabilities.

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Injection Molding Market Report Highlights

• The plasticssegment accounted for a revenue share of 98.3% in 2021 owing to its low cost and suitability for high-volume production runs and applications that require consistency in design and strict tolerances
• The medical application segment is expected to witness a CAGR of 5.7% from 2022 to 2030 owing to growing accessible treatment for surgical and diagnostic procedures used to prevent, treat, and rehabilitate illness
• In Asia Pacific, the market is expected to witness a CAGR of 5.5% over the forecast period on account of expanding healthcare infrastructure, automobile, packaging industry coupled with growing research and availability of skilled labor
• In February 2022, Beacon Medtech Solutions announced a partnership with Sumitomo Demag to increase its molding press capacity to expedite the manufacturing and delivery of precision plastic and silicone components
• In February 2022, Comar, a medical device and packaging solution provider acquired Automatic Plastics Ltd. Through this acquisition, the company aims to strengthen its presence in the pharmaceutical and medical sectors

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Injection Molding Market Segmentation

Grand View Research has segmented the global injection molding market on the basis of material, application, and region:

Injection Molding Material Outlook (Revenue, USD Million, 2017 - 2030)

• Plastics
• Metals
• Others

Injection Molding Application Outlook (Revenue, USD Million, 2017 - 2030)

• Packaging
• Consumables & Electronics
• Automotive & Transportation
• Building & Construction
• Medical
• Others

Injection Molding Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Injection Molding Market

• C&J INDUSTRIES
• All-Plastics
• Biomerics
• HTI Plastics
• The Rodon Group
• EVCO Plastics
• Majors Plastics, Inc.
• Proto Labs, Inc.
• Tessy Plastics
• Currier Plastics, Inc.
• Formplast GmbH
• H&K Müller GmbH & Co. KG
• Hehnke GmbH & Co KG
• TR PLAST GROUP
• D&M Plastics, LLC

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.

Global Toys And Games Market to Witness Soaring Growth During 2022– 2030: Grand View Research Inc.

 

Toys And Games Market Growth & Trends

The global toys and games market size is anticipated to reach USD 439.91 billion by 2030, registering a CAGR of 4.7% over the forecast period, according to a new report by Grand View Research, Inc. Sales increased as the pandemic spread. Toy sales increased in 2020, with games & puzzles, dolls & action figures, and outdoor plays being the most popular categories. The use of weather-related items was a big aspect of outdoor activity. Sleds, snow-coloring toys, inflatables, and tools for building snow structures flew off the shelves.Due to the ease of accessibility, a large range of products, and competitive pricing, consumers are increasingly purchasing toys and games through the e-commerce channel.

Furthermore, internet portals assist 24 hours a day, seven days a week, and offer a wide range of products to choose from, as well as substantial discounts on branded products.In addition, families wanted to spread a little extra cheer during the pandemic, thus retailers had a successful holiday season in 2020. Sports toys, such as skateboards and scooters, outperformed fashion dolls and accessories, as well as building sets like Lego. In 2020, due to increased traffic to its website on Black Friday, Lego had to construct a virtual wait for online consumers.Moreover, market players have improvised their offerings during the pandemic by introducing Science, Technology, Engineering, and Math (STEM)-based games and toys.

For instance, an activity desk launched by V-tech includes STEM games. Parents had to resort to home-schooling and opted for STEM-based toys and games.Furthermore, the coronavirus pandemic led to an increased demand for indoor games since children and adults alike were spending more time at home. Asia Pacific dominated the global market in 2021. North America was the second-largest regional market in the same year, while Africa was the smallest regional market.

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Toys And Games Market Report Highlights

• The global market is expected to grow at a CAGR of 4.7% from 2022 to 2030. Children have been more interested in interactive and multi-functional toys and games in recent years, which has had a favorable impact on the market
• Furthermore, with rising consumer spending, the demand for toys, such as action figures, plush toys, puzzles, sports equipment, and pre-school products, is growing
• The electronic games segment accounted for the largest share in 2021 and is expected to expand at a steady CAGR over the forecast period
• Owing to the work-from-home lifestyle adopted across countries, consumers have been substituting their outdoor activities with in-house leisure activities, such as electronic games, video games, and puzzles
• The offline segment accounted for the largest share in 2021 and is estimated to ascend with a steady CAGR over the forecast period
• Increasing product visibility at retail stores is expected to fuel the sales of toys and games through the offline channel segment
• Asia Pacific had the largest market share in 2021 owing to the growing awareness about branded and licensed games and toys

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Toys And Games Market Segmentation

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

Toys & Games Product Outlook (Revenue, USD Billion, 2017 - 2030)

• Electronic Games
• Outdoor & Sport Toys
• Dolls
• Preschool Toys
• Games and Puzzles
• Others

Toys & Games Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Up to 8 Years
• 9 - 15 Years
• 15 Years & Above

Toys & Games Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

• Offline
• Online

Toys & Games Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players of Toys And Games Market

• Dream International Limited
• VTech Holdings Ltd.
• The LEGO Group
• Sanrio Company, Ltd.
• Playmates Toys Limited
• JAKKS Pacific, Inc.
• Mattel
• Hasbro
• Konami Holdings Corporation
• Bandai Namco Holdings 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.

Car Wash Services Market Outlook, Leading Manufacturers, Industry Analysis And Forecast: Grand View Research Inc.

 

Car Wash Services Market Growth & Trends

The global car wash services market size is anticipated to reach USD 38.61 billion by 2030, registering a CAGR of 3.1% over the forecast period, according to a new report by Grand View Research, Inc. Consumer preference for professional vehicle wash services over home washing is growing as the on-demand car wash trend continues. A key trend among customers with hectic lifestyles and busy schedules is the shift from ‘do-it-yourself’ to ‘do-it-for-me’. The concept of “all-new, all the time” appears to have driven wash centers’ popularity as automated car washing has become the norm for vehicle owners during the last few decades. In the automobile care industry, new technologies and equipment have improved the wash process, gained market share, and raised client expectations.

In addition, the United States Census Bureau in 2020 estimated that more than 70% of automobile owners in America started using car wash facilities instead of washing their cars at home in the last decade (2011 -2020). Every day, nearly 8 million vehicles are washed in car washes, according to the estimates. Furthermore, technological advancements are transforming the face of on-demand vehicle wash services. The main purpose of improving car wash technology is to reduce friction and manual vehicle preparation time, resulting in cleaner, drier vehicles in less time. Touchless and hybrid car washing are two technologies that are moving the business forward.

The COVID-19 pandemic had a huge impact on the industry. During the peak of the pandemic, most businesses were closed. New York State authorized car washes to resume in late April 2021, but only under severe conditions that limited the number of personnel allowed on site and prohibited in-person payment. Furthermore, the pandemic ushered in several significant improvements in the industry. To make it easier for tech-savvy consumers, car washes have begun to use smartphone apps and online booking systems. Car washes are beginning to take smartphone payments as well. For some clients, not processing virtual wallet payments can be a deal-breaker in an increasingly cashless environment. Car washes that accept more payment methods than a credit card reader attract more clients and grow more quickly.

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Car Wash Services Market Report Highlights

• Professional vehicle washing services are good for the environment as they use two-thirds less water than home car washes
• The roll-over/in-bay segment accounted for the largest share in 2021 and is expected to register a steady CAGR over the forecast period. Less operating costs, less installation area, and low water use are a few of the primary drivers boosting the operator demand for in-bay car washes
• The cashless payment segment accounted for the highest share in 2021 and is estimated to ascend with a significant CAGR over the forecast period
• The market growth is fueled by technological advancements in the banking industry, as well as a rise in the number of car wash providers that accept cashless payments
• North America had the largest market share in 2021. The changing business dynamics in the region, as well as a huge number of strategic alliances between industry competitors, are driving the regional market
• For example, the International Car Wash Group (ICWG) purchased Village Express Car Wash in October 2020. Through this acquisition, ICWG positioned itself for additional growth in the region

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Car Wash Services Market Segmentation

Grand View Research has segmented the global car wash services market on the basis of type, mode of payment, and region:

Car Wash Services Type Outlook (Volume, Billion Transaction; Revenue, USD Billion, 2017 - 2030)

• Tunnels
• Roll-over/In-bay
• Self-service

Car Wash Services Mode of Payment Outlook (Volume, Billion Transaction; Revenue, USD Billion, 2017 - 2030)

• Cash Payment
• Cashless Payment

Car Wash Services Regional Outlook (Volume, Billion Transaction; Revenue, USD Billion, 2017 - 2030)

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

List of Key Players of Car Wash Services Market

• Splash Car Wash
• Zips Car Wash
• International Car Wash Group (ICWG)
• Autobell Car Wash
• Quick Quack Car Wash
• Super Star Car Wash
• True Blue Car Wash, LLC
• Magic Hands Car Wash
• Hoffman Car Wash
• Wash Depot Holdings 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.

Reusable Water Bottle Market Is Expected To Gain Significant Traction Over The Forecast Period: Grand View Research Inc.

 Reusable Water Bottle Market Growth & Trends

The global reusable water bottle market size is expected to reach USD 12.61 billion by 2030, registering a CAGR of 4.3% over the forecast period, according to a new report by Grand View Research, Inc. Government regulations and the anti-plastic movement are encouraging consumers to switch to disposable water bottles and prompting manufacturers to develop eco-friendly products.Moreover, the extensive use of disposable bottles in sports and public places is discouraged by various campaigns to create awareness among people, which isexpected to promote market growth. Some governments have taken initiatives for the same.

For instance, in February 2019, UNICEF and the Ministry of Education Maldives decided to provide reusable water bottles to all the first graders in the Maldives. In addition, increasing environmental awareness among consumers is likely to remain the fundamental driver for the market. Due to this, the majority of the leading players in the market have adopted new strategies, which are commonly driven by the need to improve the consumer experience.During the COVID-19 pandemic, consumers have been refrained from physical shopping and largely opted for online purchases. This scenario has driven the manufacturers to distribute their products via online channels, promoting the usage of reusable water bottles through the online distribution channel.

For instance, this trend has encouraged many new entrants and existing companies, such as 24Bottles, Friendly Cup, and United Bottles, to drive up sales using online traction. In terms of material type, the plastic segment is expected to register the fastest CAGR from 2022 to 2030. With sustainability becoming a major issue owing to the surge in plastic waste generated by single-use plastic water bottles, several countries like India, Canada, the U.K., and France, have banned single-use plastics and are promoting the reuse and refilling of bottles, which will propel the segment growth.

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Reusable Water Bottle Market Report Highlights

• The plastic segment is projected to register the fastest growth rate during the forecast period. The demand for plastic-based reusable bottles among consumers is increasing owing to the easy availability of a variety of products as a result of the low cost of manufacturing by producers
• The online distribution channel segment is expected to grow at the fastest CAGR during the forecast period
• The increasing availability of a wide range of products of different brandson e-commerce platforms with services, such as free delivery and seasonal discounts,is among the major factors driving the segment
• Asia Pacific accounted for the largest revenue share in 2021due to the high demand for silicone, glass, and metal bottles in the region as a result of thegrowing awareness regarding the negative impact of single-use water bottles on marine life and the environment

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Reusable Water Bottle Market Segmentation

Grand View Research has segmented the global reusable water bottle market on the basis of material type, distribution channel, and region:

Reusable Water Bottle Material Type Outlook (Revenue, USD Million, 2017 - 2030)

• Glass
• Stainless Steel
• Plastic
• Silicon
• Others

Reusable Water Bottle Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Specialty Stores
• Convenience Stores
• Supermarkets & Hypermarkets
• Online

Reusable Water Bottle Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Reusable Water Bottle Market

• Tupperware Brands Corp.
• SIGG Switzerland AG, GmbH
• CamelBak Products, LLC
• Klean Kanteen
• Contigo
• Aquasana Inc.
• Hydaway
• Nalgene
• S’well

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.

Global Demand for Jewelry Market Increasing in Most Part of World 2030

 Jewelry Market Growth & Trends

The global jewelry market size is expected to reach USD 518.90 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.5% from 2022 to 2030. The luxury goods industry continues to drive the market for jewelry, amid challenges concerning varying economic trends.

The demand for jewelry is increasing as the world is recovering from a recession and the global financial crisis of 2008. Over the past few years, consumer preference has turned to branded jewelry. This trend is more prominent among the emerging upper middle class or wealthy consumers, particularly in Asia Pacific, for whom branded jewelry is a status symbol. According to the World Gold Council, India and China accounted for more than 50% of the global gold jewelry demand in 2018.

Most consumers buy jewelry from international or established brands as they offer authentic and trustworthy products and unique designs. E-commerce is another important trend in the industry. Most consumers in this market prefer to research online before purchasing any product, and many make purchases from online portals for convenience.

Technological advancements have been transforming the jewel industry, from mining and discovering precious metals to cloud solutions and e-commerce platforms. Computer-aided design (CAD), 3D printing, and augmented reality (AR) are among the most notable technologies that have been prompting the growth of the industry in recent years. From a distribution standpoint, the emergence and popularity of these technologies have been aiding jewelry manufacturers around the world to realize higher profit margins in retail outlets.

A key trend that has been gripping the jewelry industry over the years is the transformation of the shopping experience using technology. For instance, in June 2017, YOOX NET-A-PORTER GROUP, an Italian online fashion retailer, partnered with Lumyer Inc., a U.S.-based app developing company, to launch an AR camera app designed to enable users to try on jewelry, sunglasses, and handbags in virtual reality.

The rising number of double-income households in emerging economies such as India, China, and Brazil have resulted in increased spending on luxury goods, including jewelry. Spending on luxury products is expanding at a more substantial rate in tier-II cities in India than in tier I cities. According to American Express, high-end spending in tier II cities between 2013 and 2018 grew 30 times faster than that in tier I cities. The rise in luxury spending in tier I and tier II cities is due to strict measures by the Indian government, such as an increase in excise duty on gold and diamond, demonetization, and a rise in taxes on luxury items to curb black money.

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Jewelry Market Report Highlights

• The ring product segment held the largest revenue share in 2021. The segment stood as the most popular product amongst end users as consumers’ interest is growing in the intricate designs and details of the rings. Moreover, they are perceived as elegant and stylish statement-making jewelry among both men and women, which is supporting the growth of the segment
• The gold material segment is projected to register the fastest growth rate over the forecast period. In 2020, the jewelry industry used over 1,400 metric tons of gold accounting for more than one-third of all gold demand worldwide
• Asia Pacific held the largest revenue share in 2021. Highly populated and developing economies of the region including China and India generate humongous demand for jewelry boosting its consumption and revenue. Additionally, the high significance of jewelry in Indian culture, improving living standards, rising per capita income and spending power, and the rising influence of social media on consumers are fueling the growth of the market in Asia Pacific

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Jewelry Market Segmentation

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

Jewelry Product Outlook (Revenue, USD Million, 2017 - 2030)

• Necklace
• Ring
• Earring
• Bracelet
• Others

Jewelry Material Outlook (Revenue, USD Million, 2017 - 2030)

• Gold
• Platinum
• Diamond
• Others

Jewelry Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Jewelry Market

• Tiffany & Co.
• Louis Vuitton SE
• Signet Jewelers Limited
• Pandora Jewelry, LLC
• Stern
• Richemont
• Chow Tai Fook Jewellery Group Limited
• Malabar Gold & Diamonds
• SWAROVSKI GROUP
• GRAFF

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.

Europe Clinical Trials Market Industry Analysis , Opportunity Assessment And Forecast Till 2030: Grand View Research Inc.

 Europe Clinical Trials Market Growth & Trends

The Europe clinical trials market size is expected to reach USD 20.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.7% from 2022 to 2030. The rise in technological advancement for clinical trials is one of the key factors driving the market. The growing adoption of new technologies like artificial intelligence, big data analytics, blockchain, clinical trials payments, and patient engagement solutions among others have significantly contributed to the market growth. The COVID-19 pandemic had improved the adoption of virtual clinical trials in the region. Therefore, the growing adoption of new technologies is likely to promote the growth of the market.

The demand for personalized medicines has significantly improved in the region owing to significant research funding for personalized therapies by the European Commission. The aim of various countries in Europe is to collaborate research and health policy to accelerate the adoption of personalized medicine with the formation of the International Consortium for Personalized Medicine, which brings together health research funders and policymaking groups. Such activities are likely to promote market growth. The region suffers from growing disease variation and prevalence. A significant number of people in the region suffer from chronic and rare diseases.

For instance, the European Commission states that approximately 5,000-8,000 distinct rare diseases affect around 6-8% of the European population i.e., between 27 - 36 million. Thus, the high burden of rare diseases is likely to increase the demand for researchers to develop therapeutics for rare diseases. The rising cost associated with research studies has increased the demand for CROs in the region for conducting clinical trials. The partnership agreement between pharmaceutical companies and CROs is likely to promote market growth.

Europe was one the worst affected region by the COVID-19 pandemic, owing to which public organizations in the region made significant funding in research to boost the development of COVID-19 vaccines and diagnostics. For instance, in June 2020 the French president pledged to invest USD 679 million to support the development of COVID-19 vaccines. Owing to the pandemic several research centers were shut down due to the national lockdown implemented by the government authorities, owing to which several clinical trial organizations opted for in silico trials and virtual clinical trials to speed up the research process. Such actions had profited the growth of the market.

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Europe Clinical Trials Market Report Highlights

• The phase I trial segment is projected to witness a remarkable growth rate of 6.1% over the forecast period. This can be attributed to the significant R&D spending by public and private organizations to support new researches
• The interventional study design segment held the largest market share of 78.6% in 2021 owing to the greater accuracy offered by these studies, as compared to other clinical study designs
• European countries such as Germany and the U.K. are spearheading the revenue share, as these have a large patient pool and the presence of advanced medical infrastructure 

Access Press Release@ https://www.grandviewresearch.com/press-release/europe-clinical-trials-market-analysis

Europe Clinical Trials Market Segmentation

Grand View Research has segmented the Europe clinical trials market based on study design, phase, and region:

Europe Clinical Trials Study Design Outlook (Revenue, USD Million, 2018 - 2030)

• Interventional
• Observational
• Expanded Access

Europe Clinical Trials Phase Outlook (Revenue, USD Million, 2018 - 2030)

• Phase I
• Phase II
• Phase III
• Phase IV

Europe Clinical Trials Regional Outlook (Revenue, USD Million, 2018 - 2030)

• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain

List of Key Players of Europe Clinical Trials Market

• IQVIA Holdings, Inc.
• PAREXEL International Corporation
• Pharmaceutical Product Development, (PPD) LLC.
• Syneos Health Inc.
• Eli Lilly and Company
• Novo Nordisk A/S
• Pfizer, Inc.
• Notghi Contract Research GmbH
• Charite Research Organisation GmbH
• Janssen Global Services, LLC
• Mondosano GmbH
• KFGN
• Clariness
• Invisio Clinical Studies Consulting

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.