Transformer Oil Market Predicted to Cross USD 5.4 Billion by 2030: Grand View Research Inc.

 Transformer Oil Market Growth & Trends

The global transformer oil market size is expected to reach USD 5.4 billion by 2030, as per the new report by Grand View Research, Inc., expanding at a CAGR of 12.5% from 2023 to 2030. The growth is driven by the high utilization of transformer oil in the power generation sector along with an increase in demand for electric grids in emerging economies.

The growth is fueled by the power generation industry's rapid expansion to fulfill the expanding demand for electricity. One of the key factors driving an increase in transformer installation is the need for more electricity, which is expected to drive up the demand for transformer oil globally and accelerate the growth of the product over the forecast period.

Recent market expansion is driven by technological development and rising R&D activities by key industry players. For instance, Cargill received an award from U.S. Environmental Protection Agency, for developing transformer oil through natural esters. Market players are also focusing on manufacturing bio-based products to dominate the market.

The Covid-19 outbreak had affected the producers of specialty chemicals. Key industry participants were impacted by the decline in crude oil prices to attain lower raw material costs. However, because of the supply chain breakdown, manufacturers were having issues with logistics and purchasing, which, in turn, impacted the market growth significantly.

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Transformer Oil Market Report Highlights

• By product, bio-based oils are expected to register the fastest growth rate of 14.7% over the forecast period in terms of revenue due to growing regulations that are focused on reducing carbon emissions and increasing energy conservation
• By application, small-scale transformers are expected to register the fastest growth rate of 13.2% in terms of revenue over the forecast period as these systems are highly used to meet rising electricity needs in small areas or rural areas with limited space
• Asia Pacific is expected to register the fastest growth rate of 14.8% in terms of revenue over the forecast period owing to rapid industrialization in rural areas and investments by foreign bodies in the developing economies
• There is a significant demand for silicone-based oils because of their capacity to extinguish themselves, making them acceptable for high-risk areas with possible fire threats. Due to their durability and lack of major maintenance requirements, silicones also contribute to longer transformer life
• In developing countries, the replacement of outdated transformers with new ones and technological advancements are anticipated to create numerous attractive job opportunities
• The U.S. Environmental Protection Agency, the Electricity & Cogeneration Regulatory Authority, and other federal agencies have adopted strict restrictions surrounding energy waste, and this has fueled demand for oil to reduce emissions and electricity waste

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Transformer Oil Market Segmentation

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

Transformer Oil Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Mineral-based Oils
  • Naphthenic Base Oils
  • Paraffinic Base Oils
• Silicone-based Oils
• Bio-based Oils

Transformer Oil Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Small-scale Transformers
• Large-scale Transformers
• Utilities
• Others

Transformer Oil Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Transformer Oil Market

• Sinopec Lubricant Company
• Valvoline
• Cargill Inc.
• Nynas AB
• Ergon International Inc.
• PetroChina Lubricant Company
• Calumet Specialty Products
• Apar Industries Ltd.
• Engen Petroleum Ltd.
• Hydrodec Group Plc.

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.

Leather Goods Market Get Facts About Business Strategies 2023 to 2030: Grand View Research Inc.

 Leather Goods Market Growth & Trends

The global leather goods market size is anticipated to reach USD 624.08 billion by 2028, registering a CAGR of 5.9% over the forecast period, according to a new report by Grand View Research, Inc. Rising fashion consciousness among consumers has been a key factor boosting the product demand and this has driven various brands to expand their product portfolio. Apart from leading labels and brands, smaller manufacturers have also been gaining importance in the market. Various startups have come up with customized leather products to meet the changing demands of consumers.

For instance, 1 Atelier, a U.S.-based start-up formed in 2015, allows customers to customize the color and hardware of their leather handbags. Strong brand recognition, along with an increasing number of companies entering the market, is driving the sales of leather goods in the market. E-commerce retail channels play a significant role in the distribution of leather goods as a considerable amount of the market revenue is generated through these channels. Online sales channels make it easy for consumers to browse through millions of products at one place without having to physically visit retail stores. Millennials have been one of the prominent consumer segments driving the growth of online distribution channels.

According to the Global Online Survey data, the propensity of millennials to purchase leather goods through online platforms was almost twice that of Generation-X in 2018. The increasing working population and the rising disposable income also drive market growth. Several companies enforce a corporate dress code, which supports the demand for leather shoes. The rising awareness regarding sustainable products offers a huge growth opportunity to the products made from cruelty-free sources. Many celebrities have been opting for vegan fashion products, which influences consumers to conscientiously choose cruelty-free apparel.

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Leather Goods Market Report Highlights

• The vegan leather segment was valued at USD 16.61 billion in 2022 and is anticipated to grow at a CAGR of over 8% during the forecast period. Veganism is becoming a prominent lifestyle for many consumers, resulting in a higher demand for fashionable vegan apparel across the globe
• Automotive accessories are projected to be the fastest-growing segment over the forecast period. Increasing demand for leather seats, due to the luxurious look it gives, will drive up its demand in the forecast period
• The footwear segment was valued at USD 95.48 billion in 2022. Consumers prefer good-quality leather shoes and are willing to pay a higher price for the same to help improve their overall appearance
• Various brands, such as Nike, Puma, and Adidas, collaborate with celebrities to come up with new products that are priced higher than other products offered by the brands. For instance, Stella McCartney and Kanye West collaborated with Adidas. These trends are expected to impact the market for footwear over the forecast period
• Asia Pacific is projected to remain at the forefront, in terms of CAGR, over the forecast period. Led by countries such as China and India, the growth of the Asia-Pacific leather goods industry is driven by the increasing demand for premium and luxury products

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Leather Goods Market Segmentation

Grand View Research has segmented the global leather goods market based on type, product, and region:

Leather Goods Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Genuine Leather
• Synthetic Leather
• Vegan Leather

Leather Goods Type by Product Outlook (Revenue, USD Billion, 2017 - 2030)

• Genuine Leather
  • Handbags
  • Small Leather Goods/ Accessories
  • Apparel
  • Footwear
  • Home Décor and Furnishing
  • Pet Accessories
  • Automotive Accessories
• Synthetic Leather
  • Polyurethane Leather
    • Handbags
    • Small Leather Goods/ Accessories
    • Apparel
    • Footwear
    • Home Décor and Furnishing
    • Pet Accessories
    • Automotive Accessories
  • PVC Leather
    • Handbags
    • Small Leather Goods/ Accessories
    • Apparel
    • Footwear
    • Home Décor and Furnishing
    • Pet Accessories
    • Automotive Accessories
  • Vegan Leather
    • Handbags
    • Small Leather Goods/ Accessories
    • Apparel
    • Footwear
    • Home Décor and Furnishing
    • Pet Accessories
    • Automotive Accessories

Leather Goods Product Outlook (Revenue, USD Billion, 2017 - 2030)

• Handbags
  • Tote Bag
  • Clutch
  • Satchel
  • Others
• Small Leather Goods/ Accessories
  • Wallets
  • Pouches
  • Card Holders
  • Phone Covers/Cases
  • Watch Straps
  • Others (Luggage Tags, Pencil Cases, etc.)
• Apparel
  • Men
    • Shirts
    • Pants
    • Suits, Coats & Jacket
    • Overalls
    • Others (Kilts, Vests, Chaps, etc.)
  • Women
    • Skirts
    • Coats & Jackets
    • Pants
    • Others (Vests, Chaps, etc.)
  • Children
    • Suits, Coats & Jackets
    • Vests
    • Pants
    • Skirts
    • Chaps
  • Footwear
    • Athletic
      • Men
      • Women
      • Children
    • Non-athletic
      • Men
      • Women
      • Children
    • Home Décor and Furnishing
      • Decorative Wall Hangings’
      • Tabletop decorative items
      • Hanging Storage
      • Leather Furniture
      • Other
    • Pet Accessories
      • Pet Collar and Leads
      • Leather Pet Toys
    • Automotive Accessories
      • Seating Systems
      • Others

Leather Goods Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of the Leather Goods Market

• Adidas AG
• Nike, Inc.
• Puma SE
• Fila, Inc.
• New Balance Athletics, Inc.
• Knoll, Inc.
• Samsonite International S.A.
• VIP Industries Ltd.
• Timberland LLC
• Johnston & Murphy
• Woodland Worldwide
• Hermès International S.A.
• Louis Vuitton Malletier
• VF Corporation
• COLLAR Company
• LUCRIN Geneva
• Nappa Dori
• Saddles India Pvt. Ltd.
• Lear 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.

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

 Induction Cookware Market Growth & Trends

The global induction cookware market is anticipated to reach USD 4.14 billion by 2030 and is anticipated to expand at a CAGR of 7.3% from 2024 to 2030, according to a new report by Grand View Research, Inc.

As more consumers are increasingly moving towards the adoption of induction cooktops due to their energy efficiency, rapid heating, and precise temperature control, the demand for compatible cookware rises. Induction cookware are designed to work with induction cooktops, utilizing the magnetic properties of certain materials like stainless steel or cast iron to efficiently transfer heat. The growing popularity of induction cooktops directly contributes to the expanding market for induction cookware.

Sustainability is driving the market as consumers increasingly prefer eco-friendly and energy-efficient kitchen solutions. Induction cookware align with sustainability goals by offering a highly efficient cooking method that minimizes energy wastage. The technologies direct heating of the cookware, coupled with shorter cooking times, reduces environmental impact but also offer commitment to resource conservation. As environmental consciousness continues to influence consumer choices, the sustainability factor becomes a compelling driver for the adoption of induction cookware.

Technology advancements in the market have improved innovative features and performance, catering to the evolving needs of consumers. Recent developments include precision temperature control, enhanced materials, and smart cooking functionality to optimize heat distribution. Additionally, advancements in material have led to the creation of induction-compatible cookware with improved durability and responsiveness, contributing to the overall efficiency and appeal of induction cooking technology in the market.

The sales of induction cookware through supermarkets and hypermarkets are driven by several factors that leverage the convenience and accessibility offered by these retail channels. The hands-on shopping experience allows consumers to physically examine the cookware, assess its quality, and make informed decisions. Prominent product placement, coupled with attractive displays and promotions, can significantly influence consumer choices. The convenience of being able to purchase induction cookware alongside other household items drives the preference of supermarkets and hypermarkets.

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Induction Cookware Market Report Highlights

• Europe is expected to contribute a majority of the share to become the largest division in the global revenue in 2023. The market in Europe is experiencing robust growth driven by the increasing adoption of energy-efficient cooking technologies, rising consumer awareness of induction's advantages, and a growing demand for modern, technologically advanced kitchen solutions
• The pots segment is projected to register the fastest growth during the forecast period. The induction pots market is witnessing significant growth as consumers embrace the energy-efficient and versatile features of induction cooking, driving demand for pots designed to optimize heat transfer and enhance the cooking experience on induction cooktops
• The commercial application sector is expected to witness steady growth over the forecast period. The growing number of hotels and restaurants owing to the growth of the travel and tourism industry across the world has widened the opportunity for the product
• During the forecast period, the online segment is expected to grow the fastest. The increasing availability of a wide range products of different brands, free delivery, and seasonal discount on e-commerce platforms are among the major reasons driving the segment
• Stainless steel induction cookware dominated the market. The stainless steel market is flourishing as consumers seek durable, efficient, and modern kitchen solutions, with stainless steel's compatibility with induction technology contributing to its widespread adoption and popularity.

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Induction Cookware Market Segmentaion

Grand View Research has segmented the global induction cookware market based on product, material, application, distribution channel, and region:

Induction Cookware Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Pans
• Pots
• Others

Induction Cookware Material Outlook (Revenue, USD Billion, 2018 - 2030)

• Stainless Steel
• Cast Iron
• Carbon Steel
• Others

Induction Cookware Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Residential
• Commercial

Induction Cookware Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)

• Supermarkets/Hypermarkets
• Specialty Stores
• Online
• Others

Induction Cookware Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players of Induction Cookware Market

• Werhahn Group
• Groupe SEB
• Meyer Corporation
• Fissler
• Tramontina
• Newell Brands Inc.
• SCANPAN
• Le Creuset
• Chantal
• Mauviel1830

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.

3D Printed Drugs Market to Observe Strong Development by 2030: Grand View Research Inc.

 3D Printed Drugs Market Growth & Trends

The global 3D printed drugs market is expected to reach USD 269.74 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.32% from 2022 to 2030. The rising prevalence of chronic diseases, combined with the rising population of patients with dysphagia around the globe is pushing the demand for immediate soluble medications, which is likely to drive the market. For instance, according to a study published in April 2022, the prevalence of oropharyngeal dysphagia is high in conditions such as stroke and aging and is reported to be 26.19% in the elderly.

An increase in the aging population has led to the growing demand for the development of easy-to-swallow pills for the elderly. The 3D printed highly soluble and easy-to-swallow drugs can help the elderly who have difficulty swallowing. Moreover, according to the United Nations, the number of people aged 65 and more in 2050 is projected to be 1.5 billion. Thus, the growing elderly population across the world would propel the demand for easy-to-swallow drugs resulting in market growth.

Other factors such as quickly expanding demand for pharmaceuticals, technical improvements in healthcare, as well as the government's focus and expenditures in the 3D printing industry, are also contributing to the market's growth. For instance, in March 2022, Evonik Venture Capital invested in Nevada-based Laxxon Medical for the manufacturing of 3D-printed tablets. The latter company has developed a 3D screen-printing technology for the production of structured tablets with the controlled release of API over time. Such investments are likely to supplement the market growth in the coming years.

The COVID-19 pandemic is anticipated to positively impact market growth. Several printers have been launched by the operating companies in the advanced manufacturing industry to help increase the manufacturing of medications and other necessary products. As a result, the usage of these technologies is projected to increase during the COVID-19 pandemic.

The growing demand for personalized medicine is expected to majorly drive market growth in the coming years. As 3D printing of pharmaceutical drugs can produce personalized medicine in small batches with carefully tailored shapes, dosages, and sizes, the market is anticipated to grow at an exponential rate in the near future. In addition, the use of 3D printing technology can significantly reduce manufacturing costs thus, further increasing investments in this space.

On the other hand, adverse effects from these drugs, the use of 3D printing to create illegal drugs, and a lack of government restrictions for 3D printed products are limiting the market's growth. For instance, in March 2018, a police case was filed in Amsterdam, for the illegal handling of these drugs. However, increased awareness of the benefits of these medications, such as their immediate solubility, faster manufacturing time, reduced waste, and easy on-demand manufacturing is likely to create multiple prospects for market growth.

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3D Printed Drugs Market Report Highlights

• By technology, the zip dose segment held the largest share of the 3D market. This is attributed to the increase in the requirement for rapid soluble drugs that disperse quickly in the mouth, which in turn is likely to increase the adoption and anticipate market growth.
• The inkjet printer segment is expected to grow lucratively during the forecast period. Due to the 3D medications can be personalized to each patient's needs, assisting them far more than batch-produced medicines, their demand is expected to skyrocket in the coming years.
• By application, the neurology segment held a larger share of the global market. This is attributed to an increase in the proportion of older people, which is at an increased risk of developing neurological disorders and hence, propelling the market growth.
• By end-use, the hospitals & clinics segment held a larger share in 2021, owing to the growing demand for personalized medicines and the cost-effective use of bio-drugs employing this technology.
• North America dominated the global market in 2021 due to the availability of technologically advanced healthcare research framework, the presence of high R&D investment, and the development of 3D printed drugs in the region.
• The Asia Pacific is expected to grow considerably in the future owing to the rising prevalence of chronic diseases and the presence of key players.
• A few of the key market players include 3D Printer Drug Machine, Aprecia Pharmaceuticals, BV LLC, Hewlett Packard Caribe, and others.

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3D Printed Drugs Market Segmentation

Grand View Research has segmented the global 3D printed drugs market based on technology, application, end-user, and region:

Technology Scope Outlook (Revenue, USD Million, 2018 - 2030)

• Inkjet Printing
• Fused Deposition Modeling
• Stereolithography
• ZipDose Technology

Application Scope Outlook (Revenue, USD Million, 2018 - 2030)

• Orthopedic
• Neurology
• Dental
• Others

End-use Scope Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals & Clinics
• Research Laboratories
• Others

Regional Scope Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the 3D Printed Drugs Market

• Aprecia
• Extend Biosciences
• Bioduro
• Affinity Therapeutics
• Osmotica Pharmaceuticals
• Aprecia Pharmaceuticals LLC
• GlaxoSmithKline Plc
• FabRx Ltd
• Hewlett Packard Caribe
• Merck
• Cycle Pharmaceuticals
• AstraZeneca

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.

Expansion of Clinical Trials Support Services Market During 2023 – 2030 to Gain Robust Traction: Grand View Research Inc.

Clinical Trials Support Services Market Growth & Trends

The global clinical trials support services market is expected to reach USD 37.1 billion by 2030, registering a CAGR of 7.50% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing the number of CROs offering clinical trial support services, and huge investment in research & development by the pharmaceutical and biopharmaceutical companies are the key factors driving the market growth. The industry felt the impact of the COVID-19 pandemic. The pandemic disrupted the supply chain to a severe extent in 2020. However, it also revealed ways to grow, either through M&A or through the adoption of digital technologies in clinical research.

Clinical trials encounter some concerning statistics, such as 85% of the clinical trials fail to recruit enough participants, 80% are delayed due to recruiting challenges, and the rate of dropout of participants is increasing. However, to overcome this, a patient retention strategy that is engaging and gives clarity is required. It is critical to ensure that the informed consent materials are simple to grasp. According to a CISCRP study, 35% of trial participants who later dropped out stated that informed consent was difficult to comprehend. An average American is 7th to 8th grade educated, and it is critical to guarantee and analyze the material’s readability before submitting it to the Institutional Review Board (IRB).

Adoption of virtual clinical trials across the clinical trials support services industry is one of the major factors that has boosted revenue growth post-pandemic. An increasing number of clinical research organizations are focusing on the adoption of virtual technologies to streamline their clinical research services. According to the latest Annual CRO Report by the Veeva Unified Clinical Operations Survey, CROs are making significant advancements to speed up and modernize clinical trials. Findings from Veeva Systems reflect that CROs have taken decisive action to streamline trial execution by adopting new technologies and digital strategies that replace manual processes, eradicate information siloes, and enable trial collaborations.

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Clinical Trials Support Services Market Report Highlights

• The clinical trial site management segment dominated the market with a revenue share of more than 44.5% in 2022. High cost associated with site monitoring and site recruitment is one the key factors for the largest share.
• The phase III segment accounted for the maximum revenue share of 54.1% in the global market in 2022. Phase III clinical trials are highly expensive due to the involvement of huge subjects. The failure rate in this phase is the highest as the sample size and study design require complex dosing at an optimum level.
• Pharmaceutical & biopharmaceutical companies dominated the market with the largest market share of 70.3% in 2022. Increasing R&D investments and the introduction of new drugs are primarily driving the segment market.
• Asia Pacific is projected to be the registered fastest-growing CAGR of 8.5% during the forecast period.

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Clinical Trials Support Services Market Segmentation

Grand View Research has segmented the clinical trials support services market based on service type, phase, sponsor, and region:

Clinical Trials Support Service Outlook (Revenue, USD Million, 2018 - 2030)

• Clinical trial site management
• Patient recruitment management
  • Patient recruitment & registry
  • Patient retention
  • Others
• Data management
• Administrative staff
• IRB
• Others

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

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

Clinical Trials Support Services Sponsor Outlook (Revenue, USD Million, 2018 - 2030)

• Pharmaceutical & Biopharmaceutical companies
• Medical Devices
• Others

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

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

List of key players in the global Clinical Trials Support Services Market

• Charles River Laboratories International, Inc.
• Wuxi Apptec, Inc
• Iqvia Holdings, Inc
• Syneos Health, Inc.
• Eurofins Scientific
• Ppd, Inc. (Pharmaceutical Product Development)
• Icon Plc
• Laboratory Corporation Of America Holdings (Labcorp)
• Alcura
• Parexel International 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.

Books Market to Expand at a CAGR of 2.4% Through 2030: Grand View Research Inc.

 

Books Market Growth & Trends

The global books market size is expected to reach USD 164.22 billion by 2030, expanding at a CAGR of 1.8% during the forecast period, according to a new report by Grand View Research, Inc. Increasing consumer expenditure on books, fueled by rising incomes and interest, as well as ongoing format improvements that have improved the entire reading experience, are among the primary reasons driving the book business forward. Independent publishers have been on a rise in the recent past. According to Linchpin SEO, there were approximately 69,709 independent publishers in the book industry as of 2020. In response to the apparent monopoly in traditional publishing, excluded individuals have turned to independent publishers not associated with large publishing houses.

While traditional publishing companies seek to corner the market, independent publishers provide an opportunity for diversity and inclusion among authors and niches. These publishers are smaller and, in some cases, completely digital and that is the key behind their numbers increasing year on year. Along with this, most large publishers are privately owned. So, it is difficult to assess the number of books being sold globally and the revenue that is generated from it.

The growing trend of the reverse supply chain, also known as re-commerce, offers new opportunities for selling used books. Re-commerce exemplifies the growing trend toward transforming consumption through reuse. Thus, re-commerce retailers such as Momox, reBuy, and Quoka.de are the biggest drivers of the industry. While printed books are irreversibly on a path of decline, it remains an extremely large market for print. Business model changes have shifted control over the value chain to authors and retailers, making demand unpredictable. Digital production inkjet print technology opens the window for book manufacturers to respond to compressed patterns of demand through labor and inventory cost savings.

Offset and digital production printing will coexist for the foreseeable future, but few book manufacturers will be able to justify reinvestment in offset printing technology; most will not have a choice but to invest in digital production printing systems if they are to survive and grow. A changing retail distribution landscape will further force the adoption of more automated and flexible book printing and manufacturing. As booksellers adapt to online business models in a fraught global economic moment, 2021 could determine whether independent bookstores survive. Owners say that it is not just their solvency at stake but also the role of books across global communities.

In terms of the supply chain, the production process in the entire industry has slowed due to the coronavirus outbreak. For instance, Amazon has been experiencing changes in its ability to ship products worldwide from the U.S. This has affected Kindle Direct Publishing’s ability to fulfill orders for proof and author copies.

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Books Market Report Highlights

• North America is expected to contribute a majority of the share to become the largest division in the global revenue in 2023. The existence of a high number of independent publishers and publishing companies in the region is expected to spur regional market growth. A wide network of wholesalers and distributors around the region also makes it easier for readers to find books in various forms
• For many readers, literary fiction provides a much-needed escape from everyday life. This effect is even more pronounced in the fantasy genre, where—untethered from scientific and societal laws are limited only by their imagination—fantasy authors explore themes by creating their worlds
• During the forecast period, the local book shops segment is expected to account for the largest market share. Independent bookstores play an important role in the communities they serve, serving a safe haven for children after school to a fun way for a group of friends to spend a Saturday afternoon. According to an article released by indigo9digital, the number of independent bookshops in the United States declined by 40% between the mid-1990s and 2009.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-books-market

Books Market Segmentation

Grand View Research has segmented the global product lifecycle management market based on type,format, end-use,distribution channel and region:

Books Type Outlook (Revenue, USD Billion; 2018 - 2030)

• Science
• Historical
• Mystery
• Fantasy
• Literary
• Contemporary/Realistic
• Romance
• Educational
• Comic
• Others

Books Format Outlook (Revenue, USD Billion; 2018 - 2030)

• Facial Hard Copy
• E-Books
• Audiobooks

Books Distribution Channel Outlook (Revenue, USD Billion; 2018 - 2030)

• Online
• Local Book Shops
• Retail Shops
• Specialty Stores

Books Regional Outlook (Revenue, USD Billion; 2018 - 2030)

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

List of Key Players in Books Market

• Penguin Random House
• Hachette Book Group
• HarperCollins Publishers
• Simon & Schuster, Inc.
• Pearson
• Macmillan Publishers
• Scholastic Inc.
• Marvel Comics
• Morris Publishing
• IDW Publishing

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.

Compact Electric Construction Equipment Market Forecast 2030: Top Companies, Trends and Growth Factors Details for Business Development

 Compact Electric Construction Equipment Market Growth & Trends

The global compact electric construction equipment market size is expected to reach USD 138,748.4 million by 2030, advancing at a CAGR of 13.9% during the forecast period, according to a new study by Grand View Research, Inc. The need for more infrastructure, including homes, offices, schools, hospitals, and sports facilities is rising, as urbanization defines developing nations.

Thus, there is an exponential increase in demand for compact construction equipment that can work in small spaces, is portable, and has minimal maintenance and operating expenses, which is expected to hasten the growth of the market for compact electric construction equipment. For instance, in 2019, the government of India announced an investment of USD 1.4 trillion for infrastructure projects during the 2019-2023 period. This signifies the imminent demand for compact construction equipment in the country.

Increased environmental concerns and governmental laws, which are encouraging manufacturers to invest in creating new eco-friendly products like electric vehicles for construction applications, are a factor for this strong growth. Additionally, the increased urbanization in emerging economies is significantly pushing the demand for compact electric construction equipment, because it enables building projects to advance more quickly and with less effort.

Major players are moving towards online channels to push sales, which is anticipated to drive market growth. For example, in March 2022, Volvo CE made available a 2.5-ton battery-powered compact Volvo electric excavator in Asia. By releasing the product, the corporation anticipates increased sales and brand value in Western markets. Rapid urban infrastructural investments and a move towards adopting smart construction equipment to combat rising pollution are likely to lead countries like India and Japan to rapid economic growth. This is expected to enhance the demand for smart electric excavators.

Another factor anticipated to contribute to the compact electric construction equipment market's expansion is the exponential rise in demand from the warehouse sector for small, battery-powered forklifts that enable them to reduce operational costs and do away with the need for labor. To address escalating environmental issues, governments worldwide are outlawing the usage of ICE engines. The strategy that automakers are using to create and introduce electric vehicles is shifting as a result of the ban on fossil fuel vehicles.

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Compact Electric Construction Equipment Market Report Highlights

• In the market for compact electric construction equipment, it is especially important to understand consumer behavior since it is a relatively new and rapidly evolving industry. The primary motivation for consumers is the desire to reduce their environmental impact
• Based on product, the forklift segment held the largest revenue share in 2022 and is expected to continue its dominance over the forecast period. Electric forklifts are generally cheaper to operate than their traditional counterparts. They have fewer moving parts, require less maintenance, and are more energy-efficient, resulting in lower operating costs
• The loader segment is expected to witness rapid growth over the forecast period due to the high demand for compact loaders from the construction sector. Electric loaders have lower maintenance costs with fewer moving parts and require less frequent servicing than diesel engines
• Based on ton, the below 5-ton segment held the largest revenue share of over 38.0% in 2022. This can be attributed to the increasing demand for compact construction machinery to increase operational efficiency and lower the environmental impact
• The above 8 ton segment is expected to witness significant growth in the global market due to high demand from industries for compact electric excavatorsand loaders that have a high load-carrying capacity
• Asia Pacific is expected to advance at a substantial CAGR of over 17.0% over the forecast period, which can be attributed to rapid infrastructure development activities in the region. The governments in several Asia Pacific countries, including China, Japan, and South Korea, have introduced initiatives and policies to promote the adoption of electric vehicles and equipment

Access Press Release@ https://www.grandviewresearch.com/press-release/global-compact-electric-construction-equipment-market

Compact Electric Construction Equipment Market Segmentation

Grand View Research has segmented the global compact electric construction equipment market on the basis of product, ton, and region:

Compact Electric Construction Equipment Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Forklift
• Loader
• Excavator
  • Mini
  • Midi
• AWP
  • Telehandler
  • Boom
  • Scissor

Compact Electric Construction Equipment Ton Outlook (Revenue, USD Billion, 2018 - 2030)

• Below 5 Ton
• 6 to 8 Ton
• 8 to 10 Ton

Compact Electric Construction Equipment Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Compact Electric Construction Equipment Market

• Caterpillar
• JCB
• HAULOTTE GROUP
• Wacker Neuson SE
• Toyota Motor Corporation
• Hyster-Yale Group, Inc.
• SANY Group
• Volvo CE
• Hyundai CE

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.

Expanded Polypropylene Foam Market to Witness a Pronounce Growth During 2023 – 2030: Grand View Research Inc.

 Expanded Polypropylene Foam Market Growth & Trends

The global expanded polypropylene foam market size is expected to reach USD 2.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.24% from 2023 to 2030. The market for EPP foam is anticipated to increase as lightweight, reusable, non-toxic materials become more common in furniture, packaging solutions, automotive components, ducting, sealing, and electronic items. The various densities of the foam are suitable for a range of uses, including furniture, consumer products, and packaging, along with several physical properties including impact resistance, noise insulation, and thermal insulation. Due to the growing number of end uses for it, the expanded polypropylene foam market is anticipated to expand.

The usage of PU, PE, PVC, PP, and acrylic materials for automobile parts such as hood and door panels, trim components, floor, and bumper parts are a result of technological advancements in the automotive industry and the increased emphasis on energy efficiency, light, and durable materials. Foam materials are used in seating, trim, and bumpers to help lighten the vehicle and increase its longevity, fuel efficiency, ride comfort, and total cost. The growing demand for electric and hybrid vehicles has increased the need for strong, lightweight materials. Over the course of the forecast period, this is anticipated to fuel demand for EPP foam in the automotive industry.

High investments and increasing consumer disposable income and changing lifestyles are expected to drive the growth of the automotive sector in the country. Countries including Brazil, Japan, and Mexico are following similar trends prevailing in India, which, in turn, is likely to propel the demand for EPP foam in automotive applications. Furthermore, the presence of stringent government regulations regarding pollution control, noise control, and fuel efficiency in cars has led manufacturers to focus on the aforementioned features.

High-density expanded polypropylene foams are used for energy management systems like bumpers, side tails, and safety parts of vehicles. They are also used in industrial packaging applications due to their strength against impacts. With the increasing consumption of lightweight and premium products, the demand for high-density expanded polypropylene foam is expected to rise during the forecast period. Rising demand for electric and hybrid cars at a global level is likely to propel the use of light and chemically stable materials for auto components. This is further anticipated to rise the demand for EPP foam and molded products over the forecast period.

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Expanded Polypropylene Foam Market Report Highlights

• In terms of revenue, the high-density product accounted for a prominent share of the market in 2022 and is further expected to witness prominent growth during the forecast period.
• Bumpers application dominated the market and accounted for more than 42% of the revenue share in 2022. Expanded polypropylene (EPP) foam is suitable for automobile applications for its properties like lightweight, durability, recyclability, and improved performance for energy management. This factor is expected to boost the expanded polypropylene foam market in the bumpers industry.
• As of 2022, the Asia Pacific accounted for more than 40.0% of the market share in terms of revenue. The growing population, changing lifestyles, and rise in purchasing power among consumers have propelled the growth of packaged food and beverages, which, in turn, is expected to boost the demand for EPP foam in the region.
• Major top players are continuously working on developing their manufacturing plants owing to the increased usage of expanded polypropylene (EPP) foam in the consumer goods industry. For instance, In January 2022, With nearly 100% recycled material, JSP created ARPRO Revolution. This product is ideal for non-technical uses like furniture, leisure, and packaging because it has the lowest carbon footprint.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-expanded-polypropylene-epp-foam-market

Expanded Polypropylene Foam Market Segmentation

Grand View Research has segmented the global expanded polypropylene foam market based on product, application, and region:

EPP Foam Product Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

• High Density
• Low Density
• Medium Density

EPP Foam Application Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

• Bumpers
• Roof Pillars
• Seat Bracing
• Armrests
• Others

EPP Foam Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

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

List of Key Players of the Expanded Polypropylene Foam Market

• JSP
• BASF SE
• KANEKA CORPORATION
• DS Smith
• FURUKAWA ELECTRIC CO., LTD.
• Hanwha Group
• Sonoco Products Company
• Knauf Industries
• Izoblok
• DONGSHIN INDUSTRY INCORPORATED
• Clark Foam Products Corporation
• Paracoat Products Ltd.
• Molan-Pino South Africa
• Signode Industrial Group LLC
• Armacel

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.

Animal Pregnancy Test Kit Market is Expected to Enhance $62.36 Million Revenue By 2030: Grand View Research Inc.

 Animal Pregnancy Test Kit Market Growth & Trends

The global animal pregnancy test kit market size is anticipated to reach USD 62.36 million by 2030, registering a CAGR of 4.68% from 2024 to 2030, according to a new report by Grand View Research, Inc. The key factors driving the industry growth include increasing animal population, pet humanization, initiatives by key market players, and the introduction of new early pregnancy testing kits for different animal species. Efficient reproduction is one of the crucial factors for businesses that are involved in livestock production as it directly influences the financial well-being of the business. To ensure reproductive efficiency, businesses need to diligently look after timely and accurate pregnancy status assessments.

Similarly, identifying and recognizing open or non-pregnant females early is important as allows for a more precise evaluation of conception rates, often linked to male or semen fertility, but also serves as a valuable indicator of the effectiveness of artificial insemination programs. In addition, it helps find potential underlying issues such as infectious or noninfectious diseases, which may impact reproductive performance. In essence, early determination of pregnancy status is fundamental for optimizing overall reproductive health and productivity of livestock operations.

Sustained advancements in biochemical assays and diagnostic technologies are expected to improve the sensitivity and accuracy of animal pregnancy testing. These advancements include developments in enzyme-linked immunosorbent assays (ELISA) and other biochemical methods. Furthermore, the development of portable and rapid point-of-care testing allows on-site pregnancy testing without requiring samples to be sent to centralized laboratories. Thus, the growing demand for on-farm pregnancy testing of ruminants, along with continuous technological advancements, contributes to market growth.

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Animal Pregnancy Test Kit Market Report Highlights

• The pregnancy test kit cassettes product segment dominated the market with a share of 44.3% in 2023. The ELISA test kits segment is projected to register the fastest CAGR of 4.7% from 2024 to 2030
• The livestock animal segment held the largest share in 2023. The companion animal segment is projected to grow at the fastest growth rate from 2024 to 2030
• In terms of sample type, the whole blood, plasma, and serum segment accounted for the highest market share in 2023 and is projected to register the fastest CAGR from 2024 to 2030
• The e-commerce distribution channel segment held the highest share in 2023 and is projected to grow at the fastest CAGR from 2024 to 2030
• The on-farm end-use segment held the highest share in 2023. On the other hand, the home setting segment is estimated to grow at the fastest CAGR from 2024 to 2030
• North America held the largest share of about 47.0% in 2023. On the other hand, Asia Pacific is anticipated to grow at the fastest CAGR of 6.63% from 2024 to 2030
• Advances in rapid diagnostic technology led to the development of more accurate, user-friendly, and cost-effective animal pregnancy test kits. Such advancements are anticipated to drive market growth

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Animal Pregnancy Test Kit Market Segmentation

Grand View Research has segmented the global animal pregnancy test kit market based on product, animal type, sample type, distribution channel, end-use, and region:

Animal Pregnancy Test Kit Product Outlook (Revenue, USD Million, 2018 - 2030)

• Pregnancy Test Kits Cassettes
• Pregnancy Test Kits Strips
• ELISA Test Kits

Animal Pregnancy Test Kit Animal Type Outlook (Revenue, USD Million, 2018 - 2030)

• Companion Animal
  • Canine
  • Feline
  • Equine
  • Others
• Livestock Animal
  • Bovine
  • Swine
  • Caprine/Ovine
  • Others

Animal Pregnancy Test Kit Sample Type Outlook (Revenue, USD Million, 2018 - 2030)

• Urine
• Whole Blood, Plasma, Serum
• Others (Milk)

Animal Pregnancy Test Kit Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Veterinary Hospitals & Clinics
• Retail Stores
• E-commerce

Animal Pregnancy Test Kit End-use Outlook (Revenue, USD Million, 2018 - 2030)

• On Farm
• Laboratory
• Home Setting

Animal Pregnancy Test Kit Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Sweden
  • Denmark
  • Norway
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players of Animal Pregnancy Test Kit Market

• Zoetis Services LLC
• IDEXX Laboratories, Inc.
• Ring Biotechnology Co Ltd.
• Hangzhou Testsea Biotechnology Co. Ltd.
• Novis Animal Solutions
• Secure Diagnostics Pvt. Ltd.
• J&G Biotech Ltd.
• EMLAB GENETICS LLC.
• Megacor Diagnostik Gmbh
• BIOTRACKING, 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.

Dental Chair Market to Incur Meteoric Growth During 2023 to 2030: Grand View Research Inc.

Dental Chair Market Growth & Trends

The global dental chair market size is expected to reach USD 1.48 billion by 2030, expanding at a CAGR of 5.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing awareness and prevalence of oral diseases and the consequent increase in the demand for dental care facilities. Development in infrastructure and improving access of low- and middle-income groups to dental facilities can further boost the market.

According to the Global Oral Health Status Report 2022, published by the World Health Organization, approximately two billion people across the globe are suffering from caries of permanent teeth and 514 million children are suffering from caries of primary teeth. Moreover, one billion people worldwide are suffering from severe gum disease which is also a major cause of total tooth loss. The bad oral habits of people such as tobacco consumption and poor hygiene maintenance are contributing to the rising prevalence of these diseases.

The technological advancements in the dental chair industry are also contributing to their growing demand. The addition of innovative features such as touch screens is making these chairs more comfortable than others. In addition, mobile independent chairs can help in increasing patients’ access to oral healthcare facilities. Such innovations can further increase the adoption rate of dental chairs and boost market growth.

The negative impact of the COVID-19 pandemic was also observed in this market. Several restrictions imposed by governments across countries limited people’s movement and their visits to hospitals decreased significantly. However, the market witnessed a recovery as restrictions were eased. 

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Dental Chair Market Report Highlights

• Based on product, the power dental chair segment accounted for the largest revenue share of 63.1% in 2022 and it is also expected to register the fastest CAGR of 5.9% over the forecast period. This growth can be attributed to technological advancements and the increasing emphasis of dentists on providing their patients with maximum comfort
• Based on type, the ceiling-mounted segment accounted for the largest revenue share of 39.7% in 2022, owing to its easy-to-maintain attribute and effectiveness
• Based on application, the examination segment dominated the market with a share of 28.4% in 2022 owing to increasing awareness regarding oral hygiene
• In 2022, North America dominated the market with a revenue share of 38.1%, owing to the use of advanced technology and increased consumer knowledge. On the other hand, Asia Pacific is anticipated to grow at the fastest CAGR over the forecast period due to the increasing prevalence of oral diseases

Access Press Release@ https://www.grandviewresearch.com/press-release/global-dental-chair-market

Dental Chair Market Segmentation

Grand View Research has segmented the global dental chair market based on product, type, application, and region:

Dental Chair Product Outlook (Revenue, USD Million, 2018 - 2030)

• Powered dental chairs
• Non-powered dental chairs

Dental Chair Type Outlook (Revenue, USD Million, 2018 - 2030)

• Ceiling-mounted design
• Mobile-independent design
• Dental chair-mounted design

Dental Chair Application Outlook (Revenue, USD Million, 2018 - 2030)

• Examination
• Surgery
• Orthodontics
• Others

Dental Chair Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Sweden
  • Norway
  • Denmark
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Thailand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Kuwait

List of Key Players in the Dental Chair Market

• Austin Dental Equipment Company (A-Dec, inc.),
• Midmark
• Craftmaster Contour Equipment, Inc.
• XO CARE A/S
• Sirona
• Henry Schein, Inc.
• Danaher Corporation
• PLANMECA OY
• Patterson Dental Supply, Inc
• Straumann

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.