Flat Glass Industry: Revolution, Innovation And Sustainability Initiatives

 

Global flat glass industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

 

Coated Glass Market Analysis & Forecast

 

The global coated glass market size was valued at USD 32.32 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 9.3% from 2022 to 2030. The expansion of the solar industry supported by favorable government regulations is likely to contribute to the growth of the market. The solar industry across the globe is anticipated to witness significant growth, especially in terms of capacity. Factors such as the depletion of non-renewable resources, advancements in technology, government regulations, reductions in the cost of solar installations, and the growing electricity demand are propelling an increase in solar capacities. These factors are expected to play a key role in the penetration of coated glass in the solar industry over the forecast period.

 

China is estimated to be a key market for coated glass at a global level. China was the largest construction industry in the Asia Pacific between 2017 and 2021. The industry is expected to keep growing due to affordable housing and social infrastructure. China is the key consuming country for coated glass and its advanced infrastructural developments have taken the usage of the products to the next level. The European construction industry is projected to attract significant demand over the coming years. As per the Centre for Economics and Business Research, the U.K. is predicted to be the largest construction market in Europe, and it is anticipated to pass Germany by 2030. Investments in mega projects through government and private funding are likely to fuel industry growth. For example, in 2022, the construction of headquarters of the booking.com, one of the largest urban projects in Western Europe. This is a positive sign for the coated glass industry in Europe.

 

Access the Global Flat Glass Industry Data Book from 2023 to 2030, compiled with details by Grand View Research

 

Home Appliance Glass Market Analysis & Forecast

 

The global home appliances glass market size was valued at USD 7.32 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030. Growing demand for products such as microwaves, cooking appliances, and refrigerators owing to improvements in living standards, rising need for comfort, and inclination towards working remotely is likely to assist the market growth.

 

Tempered, laminated, low-E, and ceramic are a few types of glass, which find application in home appliances, of which ceramic glass is extensively used in electric gas stoves and cooktops. It is a suitable choice owing to its properties such as thermal shock resistance and higher strength compared to tempered glass. Rising investments in the home appliances industry are anticipated to augment the product demand over the forecast period. For instance, in November 2021, Whirlpool Corporation announced its plan to invest USD 65 million to manufacture a built-in refrigerator model at the Ottawa plant in the U.S. The company is expected to start its operations by 2023, which is projected to boost the company’s footprint in the North American market.

 

Asia Pacific held the largest revenue share in 2021. The regional market is characterized by new joint ventures and rising investments in manufacturing plants. For instance, in July 2021, IFB Home Appliances partnered with Xeros Technologies to implement a new range of washing machines with water and energy-efficient properties. The company is planning to attract institutional and commercial consumers for automated washing machines in the region.

  

Fire-resistance Glass Market Analysis & Forecast

 

The global fire-resistant glass market size to be valued at USD 4.32 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 6.2% during the forecast period. Rising emphasis on improving the fire safety standards owing to increasing instances of fire accidents and the growing development of innovative infrastructure is expected to propel the market growth during the projected period.

 

Fire-resistant glass is produced for bearing heat and holding high temperatures, as a result, they provide a barrier against smoke, fire, and extreme heat. It is used in various applications like doors, windows, partition walls, and stairways, in numerous end-use industries including building & construction, marine, automotive, aerospace, and others. The rising product consumption in the building & construction industry owing to an increasing number of fire incidents and the imposition of strict norms & regulations for the incorporation of fire-resistant materials in construction activities will support market growth.

 

Rising disposable incomes, growing preference toward look & appeal in interiors, and increasing awareness about fire safety have augmented the product demand in premium or luxury construction. For instance, in May 2021, TECFIRE had received a contract to provide fire-rated glass for the development of infrastructure for island resorts, marinas, commercial districts, residential areas, and several entertainment districts at Lusail City, Qatar. Thus, increasing spending on the development of infrastructure projects from a safety perspective is likely to fuel the product demand over the forecast period.

 

Automotive Glass Market Analysis & Forecast

 

The global automotive glass market size was valued at USD 30.24 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.5% from 2014 to 2027. Growing emphasis on electric vehicles and new norms such as BS VI in India which would bring Indian motor vehicle regulations into alignment with European Union regulations are anticipated to drive the automotive glass production across the forecast period.

 

Despite the decline in automotive production in 2018 and 2019, the market is expected to witness growth on account of the rise in production of commercial vehicles and increasing product demand from the aftermarket. The increasing number of vehicles on the road, along with growing accidents, drives the need for repair, maintenance, and replacement, which would subsequently drive the demand for glass.

 

Innovation and technological advancements are the key factors driving the market growth. Various technological advancements are being witnessed in the applications of automotive glass. For instance, new features were introduced in windshields and sunroofs for luxury cars in 2019. Growing demand for smart glass technology is likely to drive the product utilization in windshields over the forecast period.

 

Increasing demand for commercial transportation services such as buses and taxicabs are anticipated to boost the demand for light commercial vehicles (LCVs). In addition, rapid urbanization, improved road infrastructure, and supportive regulatory policies are expected to boost the demand for LCVs, thereby resulting in market growth.

 

Order Free Sample Copy of “Flat Glass Industry Data Book - Coated Glass, Home Appliance Glass, Fire Resistance Glass, Automotive Glass and Glass Facade Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

 

Glass Façade Market Analysis & Forecast

 

The global glass Facade market size was valued at USD 70.08 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2014 to 2027. The market growth is attributable to the rising penetration of glass as a construction material owing to benefits such as aesthetics, cost-effectiveness, and energy efficiency. The principal front of a building facing a street or open space is known as facade. Different types of glass such as tempered, laminated, and insulated are used in the exterior facade of both residential and non-residential buildings. Increasing investments in construction activities are expected to boost market growth over the forecast period.

 

Based on product, the market is segmented into tempered, insulated, laminated, and others. Insulated is anticipated to dominate the global market across the forecast period. IGUs are extensively preferred in green buildings as it minimizes ecological footprint and is made from multiple glass panes, which reduces the heat transfer. Increasing environmental concerns have resulted in the rising number of green building projects, which is anticipated to boost product demand over the forecast period. For instance, in 2021, Nestle’s headquarter buildings decided to incorporate smart glass from Sage Glass company to give its structures an energy upgrade. The new glazing offers a beautiful outdoor view to employees, plenty of natural light, and regulates the influx of heat from the sun. 

 

Key players operating in the Flat Glass Industry are –

• AGC, Inc.
• Saint-Gobain
• Nippon Sheet Glass Co. Ltd.
• Guardian Industries
• Fuyao Glass Industry Group Co. Ltd.
• Şişecam Group
• Central Glass Co., Ltd.

Dry-Cleaning and Laundry Services Industry - New Technologies for Modern Lifestyle

 

 

Global dry-cleaning and laundry services industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

 

Laundry Services Market Analysis & Forecast

 

The global laundry services market size was valued at USD 25.25 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030. The laundry services market is experiencing a surge in popularity due to its reliability, advancements in laundry technology, and the ongoing trend of urbanization. These factors are expected to drive market growth in the foreseeable future. The industry is also anticipated to grow as cashless transactions become popular and digital payment methods are more widely used. It is also projected that integrating smart meters and the rising customer demand for effective and reasonably priced dry-cleaning and laundry services can contribute to the market's growth.

 

According to a survey commissioned by ARM & HAMMER Clean & Simple and performed by OnePoll, in August 2020, respondents spend an average of 23 hours and 36 minutes per month on cleaning and housework, roughly amounting to 5 hours and 54 minutes per week. Of this, doing the laundry accounted for 44% of the time. Respondents spend 1 hour and 12 minutes per week doing laundry, or nearly a fifth of their time on housework. This data indicates that individuals with families invest significant amounts of time and resources in doing laundry, including water, detergent, and dryer sheets.

 

Access the Global Dry-Cleaning and Laundry Services Industry Data Book from 2023 to 2030, compiled with details by Grand View Research

 

 

Dry-Cleaning Service Market Analysis & Forecast

 

The global dry-cleaning services market size was valued at USD 14.22 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.1% from 2023 to 2030. Dry cleaning is a waterless and fabric-friendly process using specialized liquids and machines to remove stains and odors. Professionals in this field employ ozone treatment, eliminating embedded odors, releasing oxygen gas, and imparting a natural fragrance to the fabric. Dry cleaning benefits individuals sensitive to smells and helps keep children's clothes odor-free.

 

People with hectic schedules appreciate the pick-up and delivery facility offered by online laundry service providers, in addition to washing and ironing clothes. For example, Miami-based Hamperapp offers various services ranging from detergent washing to dry cleaning across several cities in the U.S., with free pick-up and delivery. Furthermore, special discounts and cashback offers for regular customers are strategies adopted to attract and retain customers.

 

Duvet Cleaning Services Market Analysis & Forecast

 

The global duvet cleaning services market size was valued at USD 29.85 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030. People with busy schedules may need more time or resources to personally clean their duvets in today's fast-paced environment. A professional duvet-cleaning service is a practical answer for individuals who need to maintain bedding while saving time and effort. Professional duvet-cleaning services have the tools and expertise to effectively sanitize and clean duvets to a higher quality than a person could achieve independently.

 

Duvet cleaning professionals offer additional services such as odor removal and restoration for fire or flood-damaged items. They may efficiently remove ingrained odors and release oxygen gas using ozone generators, leaving behind a fresh, scent-free fabric. This encourages customers to use duvet-cleaning services more often as it appeals to people allergic to strong odors and those who want odor-free duvets. These factors will aid in the growth of the duvet cleaning services market over the forecast period.

 

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Key players operating in the dry-cleaning and laundry services industry are –

 

• Alliance Laundry Systems LLC
• The Huntington Company
• ZIPS Dry Cleaners
• Alsco Pty Limited
• Rinse, Inc.
• Mulberry Cleaners & Launderers, Inc.
• Tide Dry Cleaners (Procter & Gamble)
• City Dry Cleaning Company
• East Rand Cleaners
• Cleanly
• Speed Queen Laundry
• Martinizing Dry Cleaning
• Comet Cleaners
• Laundryheap
• MASTERCLEAN DRYCLEANER SERVICE LTD.
• Astoria Dry Cleaning Services
• IHATEIRONING
• Oxxo Care Cleaners
• Dove Cleaners
• Tumble Dry

 

 

Beauty And Personal Care Products Industry - The Science and Secrets Behind Your Favorite Products

 

Global beauty and personal care products sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

 

Skin Care Market Analysis & Forecast

 

The global skin care market size was estimated at USD 176.29 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030. Consumers are becoming more aware of the importance of incorporating skincare products into their routine. As a result, these products offer a range of benefits, such as shielding the skin from environmental harm, minimizing signs of aging, and promoting overall skin health. Additionally, the beauty and self-care culture has experienced a surge in recent years, driven by social media influence and the desire for self-expression and self-pampering. This is expected to boost the skin care product demand over the upcoming years.

 

Consumers increasingly seek skincare products that offer multiple benefits. Conventional products are multi-functional products that combine skincare steps into one, such as moisturizers with built-in SPF, tinted moisturizers, and BB creams that provide hydration, sun protection, and coverage in a single application. Moreover, manufacturers of conventional skincare products are expanding their reach into emerging markets, particularly in Asia and Latin America. These regions present significant growth opportunities, and brands are adapting their products and marketing strategies to cater to the specific preferences and needs of these markets.

 

Access the Global Beauty and Personal Care Product Industry Data Book from 2023 to 2030, compiled with details by Grand View Research 

 

Hair Care Market Analysis & Forecast

 

The global hair care market size was estimated at USD 119.13 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030. Consumers have become more conscious about the health and appearance of their hair. Concerns such as hair damage, dryness, dandruff, hair loss, and scalp issues have been driving the demand for hair care products over the last few years. Hair care brands continually invest in research and development to introduce innovative formulations, ingredients, and technologies. These advancements lead to the creation of new and improved products that offer enhanced benefits, such as nourishment, repair, and protection for different hair types and concerns.

 

Consumers are increasingly recognizing the importance of scalp health in maintaining healthy hair. There is a growing trend of conventional hair care products focusing on repairing and protecting damaged hair. These products aim to address concerns related to hair breakage, split ends, and heat damage caused by styling tools and chemical treatments. This is expected to propel market growth over the forecast period.

 

Color Cosmetics Market Analysis & Forecast

 

The global color cosmetics market size was estimated at USD 105.67 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 8.7% from 2023 to 2030. Growing consciousness about physical appearance, along with rising purchasing power in the developing countries such as India, China, and Brazil, is driving the market for the products.

 

Furthermore, rapid adoption of the western lifestyle has increased the consumer spending on personal care products. Furthermore, rising women participation in the global workforce has boosted the demand across the world. This women workforce is expected to raise the demand for beauty products in the near future as it represents the main consumer category of the industry.

 

Facial products dominated the market, accounting for over 25.0% share of the total revenue in 2018. Popular facial products include facial foundation, powder, concealer, and bronzer. Growing penetration of social medial and online makeup tutorials has been propelling the demand of the facial products over the world. Over the past few years, waterproof and sweat proof makeups have gained significant popularity among the women, especially during summer.

 

Asia Pacific is expected to be the fastest growing regional market. Increasing per capita income in countries such as China, India, Indonesia, and Brazil has provided consumers the space to spend more on premium personal care products. Rapid urbanization in these nations has helped in expanding the consumer base of the industry. China makes a considerable contribution to the growth as Chinese travelers has fueled the sales of the color cosmetics significantly. They accounted for 45% of sales of the travel retails in the world. L'Oréal has partnered with the local start-ups of Japan, China, and India to strengthen its presence in these lucrative markets.

 

Order Free Sample Copy of Beauty And Personal Care Products Industry Data Book, published by Grand View Research 

 

Fragrances Market Analysis & Forecast

 

The global fragrance market size was valued at USD 43.24 billion in 2022 and is anticipated to register a CAGR of 6.4% during the forecast period. The rising importance of personal hygiene and grooming among both men and women is expected to remain one of the key driving factors. Also, increasing awareness regarding physical fitness among adults has increased the number of gym-goers and thus, in turn, will promote the demand for body odor controller products, such as deodorants.

 

Deodorants and perfumes have seamlessly become essential day-to-day personal care products, playing a significant role in personal grooming. Urbanization coupled with the improving living standards among middle-class income groups of developing countries including India, Thailand, China, Vietnam, Brazil, and Argentina is anticipated to expand the scope of growth. Moreover, rising demand for exotic and floral scents majorly from the young and teenage consumers is expected to remain a favorable factor for the industry. 

 

Key players operating in the beauty and personal care products industry are –

 

• Unilever
• The Estée Lauder Companies Inc.
• Shiseido Co., Ltd.
• Revlon
• Procter & Gamble
• L'Oréal S.A.
• Coty Inc.
• Kao Corporation
• Avon Products, Inc.
• Oriflame Cosmetics S.A.
• Beiersdorf AG
• L’Occitane International SA
• Colgate-Palmolive
• Mary Kay Inc.
• Amway Corporation
• Chanel
• Henkel AG & Co. KGaA
• LVMH (Moët Hennessy Louis Vuitton)
• The Body Shop
• Oriflame Cosmetics
• Natura & Co

Pet Supplements Industry | Tailoring Wellness For Our Animal Companions

 

  

Global pet supplements industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & demographic framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

 

Skin & Coat Supplements Market Analysis & Forecast

 

The global skin & coat supplements market size was estimated at a value of USD 193.54 million in 2022 and is expected to grow compound annual growth rate (CAGR) of 6.5% from 2023 to 2030.

 

The condition of skin and coat in pets is influenced by various factors, including diet, season, and life stage. Changes in these factors often result in variations in the appearance and texture of the animal’s coat and skin. During colder seasons, most animals tend to grow a thicker coat to provide insulation and protect themselves from the cold. Conversely, as the weather warms up, animals often shed their heavy winter coat to adapt to the rising temperatures. Dogs and cats initially have soft and fuzzy hair, but as they grow older, their coat becomes coarser. Pregnant or nursing pets may also experience changes in coat condition or hair loss due to hormonal fluctuations.

 

Considering the influence of season, and life stage on the skin and coat condition of animals, there is a growing market for skin and coat supplements. These supplements can provide essential nutrients to support a healthy and vibrant coat throughout different seasons and stages of a dog's life. By addressing specific coat-related concerns and promoting overall skin health, these supplements can cater to the needs of dog owners who want to maintain the optimal appearance and condition of their pets' skin and coats.

 

Access the Global Pet Supplements Industry Data Book from 2023 to 2030, compiled with details by Grand View Research 

 

Hip & Joint Supplements Market Analysis & Forecast

 

The global hip & joint supplements market size was estimated at a value of USD 1,182.18 million in 2022 and is expected to grow compound annual growth rate (CAGR) of 5.8% from 2023 to 2030.

 

Excessive joint pains can lead to limping, stiffness, reluctance to do things, stress, and anxiety in pets, which can be more dangerous than any other health problem, as a result, companies are launching innovative products such as hemp oil supplements and cannabis-related products to counter these issues among pets. Moreover, dietary supplements such as glucosamine and chondroitin are given to pets to help protect the joints and prevent arthritis. Several dogs and cats are given supplements containing omega-3 fatty acids as these offer anti-inflammatory benefits. These factors are expected to drive the demand for supplements that address hip and joint issues.

 

Innovations in hip and joint supplements include advancements in ingredient combinations, dosage forms, and delivery methods. Manufacturers are incorporating a diverse range of ingredients known to support joint health, such as glucosamine, chondroitin, MSM (methylsulfonylmethane), omega-3 fatty acids, hyaluronic acid, and antioxidants. By combining these ingredients in unique ways, they create effective and comprehensive formulations that target joint support and mobility.

 

Digestive Health Supplements Market Analysis & Forecast

 

The global digestive health supplements market size was estimated at USD 575.36 million in 2022 and is anticipated to expand at a CAGR of 6.0% from 2023 to 2030. Favourable outlook toward medical nutrition on account of rising prevalence of digestive diseases coupled with the rising number of weight management programs is expected to propel the growth. Growing health awareness has resulted in increasing per capita expenditure on digestive health supplements in the developed markets. High prevalence of digestive disorders in Japan, U.S., and several European countries is anticipated to further fuel the product demand.

 

Regulatory agencies demand scientific support and documented health effects before approving the claims made by companies. There have been cases of conflicts between the industry participants and regulatory agencies over such claims. Moreover, the need for different claim approvals for different countries, is expected to restrain the market growth over the forecast period.

 

North America is expected to continue registering significant demand for digestive health supplements over the forecast period. Many manufacturers are stepping up their efforts to increase their scale of operations within the developed regions such as North America and Europe. Asia Pacific is anticipated to witness high demand for digestive health products as key participants adopt strategies, such as the introduction of their brands in untapped economies of Southeast Asia. China, Japan, and India are among the largest regional markets for digestive health supplements, owing to the presence of a large consumer base. Rising product demand from countries, such as Japan and Australia is expected to strengthen the regional market growth over the forecast period.

 

Order Free Sample Copy of Pet Supplements Industry Data Book, published by Grand View Research 

 

Key players operating in the pet supplements industry are –

 

• Nestlé S.A.; Mars, Incorporated
• Zoetis Inc.
• Virbac
• NOW Foods
• Nutramax Laboratories, Inc.
• FoodScience Corporation

Food Processing Equipment Industry: Exploring Technological Advancements In Equipment

 

Global food processing equipment industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research.

 

Seafood Processing Equipment Market Analysis & Forecast

 

The global seafood processing equipment market size is expected to value USD 1,957.5 million in 2017 is expected to expand at a compound annual growth rate (CAGR) of 3.2% from 2018 to 2025. The demand for seafood products and food, in general, is high in developed as well as in developing regions. This factor is expected to boost the global seafood processing equipment market by 2025. Government regulations to safeguard the manufacturing processing and to provide a framework for hygiene and standardization of products are anticipated to enhance business growth over the forecast period.

 

Increasing demand for fish and other seafood products with increasing investments to manufacture efficient units is predicted to encourage market growth in the near future. Increasing the industrial automation rate coupled with the easy availability of these units is predicted to encourage the expansion of the market for seafood processing equipment over the forecast years.

 

In terms of product, frozen seafood emerged dominant in 2017. It is forecasted to expand at a CAGR of 1.8% over the forecast period owing to advancements in processing technologies. Frozen seafood is expected to ramp up the production of seafood processing equipment over the next decade owing to the exponential growth in demand, particularly from Asia Pacific and Africa. However, canned seafood is expected to emerge as the fastest-growing product segment with a CAGR of 3.6% over the forecast period.

 

Access the Global Food Processing Equipment Industry Data Book from 2023 to 2030, compiled with details by Grand View Research 

 

Grain Processing Equipment Market Analysis & Forecast

 

The global grain processing equipment market size is anticipated to be valued at USD 4,170.4 million in 2018, exhibiting a CAGR of 5.0% from 2018 to 2025, according to a new report published by Grand View Research, Inc. The grain processing equipment industry is projected to be driven by the growing demand for processed food products in food & beverage industry.

 

The grain processing equipment industry is one of the prominent industries witnessing significant market growth in the recent years. Various macroeconomic factors such as rising income level of the middle class population, increasing consumer awareness, and growing demand for processed and packaged food are expected to trigger the market growth over the forecast period. The strong presence of regulatory associations such as the Environmental Protection Agency (EPA) and the Ministry of Food Processing Industries is expected to aid the industry growth. Hygiene, quality, and technological advancements are the major pillars of the global food processor machines industry.

 

The market is segmented into semi-automatic and automatic on the basis of mode of operation. Automatic grain processor is expected to be the dominant mode of operation segment, which is projected to account for over 51.2% of the total revenue share by 2025. This is mainly owing to high demand for automation, technological developments, and strong R&D capabilities of industry players. Semi-automatic equipment segment is expected to progress at a CAGR of 4.3% over the forecast period.

 

Pre-process machine segment is expected to dominate the global grain processing equipment industry, propelling at a CAGR of 5.3% from 2019 to 2025. Asia Pacific, prominently China and India, is one of the leaders in the global food processing equipment industry. Rising disposable income in China, India, and Japan is one of the factors favoring the grain processors market in Asia Pacific. Moreover, increasing demand for leisure food in China, India, Indonesia, Malaysia, Japan, and various other countries is anticipated to spur the growth of grain processing market over the forecast period.

 

Brewery Equipment Market Analysis & Forecast

 

The global brewery equipment market size is anticipated to reach USD 16,519.9 million in 2022, registering a CAGR of 5.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing number of brewpubs and microbreweries around the world, as well as customers’ preference for craft and artisanal beer over other alcoholic beverages, are likely to drive demand for brewery equipment during the forecast period.

 

Macro-breweries require a huge number of tanks and high-capacity equipment to assure uniformity in large-scale beer production, resulting in increased demand for brewing equipment. Furthermore, as consumers’ preferences for flavorful, natural, and local products expand, so will the consumption of craft beer which is expected to support market growth. For instance, Alfa Laval introduces the Brew 20 centrifuge for microbreweries. Alfa Laval Brew 20, which is compact, sturdy, and simple to install, provides prospects for even the smallest breweries to achieve both high-quality beer clearance and increased profitability.

 

The demand for brewing equipment is anticipated to rise throughout the forecast period as more people become aware of the health benefits of low- or no-alcohol beer, such as the decreased risk of heart disease, risk of the common cold, assistance with bone growth, assistance with sleep issues, and others.

 

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Food Processing Equipment Industry Data Book Competitive Landscape

 

The industry participants focus on research & development activities to develop new technologies for energy-effective and sustainable food processing equipment. Along with R&D, key players also focuses on various strategies to expand the business and gain a competitive edge over their peers. Strategies adopted by the companies usually include joint ventures, partnerships, mergers & acquisitions, product innovation, distribution agreements, and geographic expansion.

 

Key players operating in the food processing equipment industry are –

 

• GEA Group AG
• BAADER Group
• Bühler AG
• Alfa Laval
• Krones AG
• Marel
• JBT Corporation
• The Middleby Corporation
• Arenco AB
• Baker Perkins Limited

Future Of Car Wash & Detailing Services Industry: Innovations And Technologies

 

 

Global car wash & detailing services industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

 

Car Wash Services Market Analysis & Forecast

 

The global car wash service market size was estimated at USD 30.8 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.0% from 2023 to 2030. 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 the wash center’s 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 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 estimates.

 

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 car washing and hybrid car washing are two technologies that are moving the business forward. The emergence of COVID-19 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. Customers who schedule services online can avoid the line and go straight to the wash when they arrive. 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 credit card readers attract more clients and grow more quickly.

 

Access the Global Car Wash & Detailing Services Industry Data Book from 2023 to 2030, compiled with details by Grand View Research 

 

Car Detailing Services Market Analysis & Forecast

 

The global car detailing services market size was valued at USD 37.91 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. The growth of the global market is driven by rising demand for luxury vehicles coupled with the growth of the automobile industry as the development of the car detailing industry is favorably correlated with the automobile industry. The number of potential clients grows, with the increase in the number of car purchases over the globe. Dealers of both new and used cars are essential to the aftercare of the automobile such as a car as they aid in attracting more customers by spreading awareness regarding car maintenance.

 

A comprehensive detail keeps a car in excellent condition better than running it through a car wash, which might be able to remove some dirt. Detailing, as opposed to a vehicle wash, keeps an automobile clean while also preserving the paint and interior so they are less susceptible to wear and the elements. A vehicle's life is extended and its optimum resale value is maintained owing to detailing. Frequent professional detailing enables clients to enjoy their vehicles, increase their vehicles' worth, and make long-term financial savings.

 

More than 70% of American drivers routinely use professional car detail services, with conveyor car wash being the most profitable. On-demand auto detailing app represents an exceeding growth of this industry as this address the problem behind the users not detailing their cars quite regularly. Due to the high cost and long wait times at car wash facilities, many prefer to wash and polish their cars at home. The greatest way to cut down on the amount of time spent at vehicle wash stations is to use an on-demand car detail app.

 

Compared to the European market, the car wash industry in North America is outfitted with the most recent technologies. Launching an on-demand car detail platform in North America has enormous potential. Automatic car washes capture 51% of the market, earning USD 4 – USD 5 per car per wash. To attract additional clients, companies are expanding the car-washing facility and improving customer service. It is more convenient for both the service provider and the consumer to offer a high level of convenience by using a monthly or annual subscription model and adopting technologies like a car wash app and website.

 

Order Free Sample Copy of “Car Wash & Detailing Services Industry Data Book”, published by Grand View Research 

 

Key players operating in the car wash & detailing services industry are –

• Zips Car Wash
• Splash Car Wash
• International Car Wash Group (ICW)
• 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.
• 3M Company
• Splash Car Wash
• Autobell Car Wash, Inc.
• AutoKorrect
• Elite Detailing & Protection
• M-PIRE Auto Detailing
• Oasis Car Detailing
• Delta Sonic
• HERRENFAHRT
• Action Car Detailing

Safari Tourism Industry: A Guide And A Look At The Sustainable Growth

 

 

Global safari tourism industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

 

Access the Global Safari Tourism Industry Data Book from 2023 to 2030, compiled with details by Grand View Research

 

Adventure Safari Tourism Market Analysis & Forecast

 

The global adventure safari tourism market size was valued at USD 16.68 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. Adventure safaris are experiencing substantial growth due to the increasing demand from travelers, including millennials, for unique and immersive travel experiences. These safaris offer thrilling activities such as walking safaris and hot air balloon rides, going beyond traditional wildlife viewing. Travel companies and tour operators are capitalizing on this trend by introducing adventure safari packages to cater to the rising demand. For instance, in February 2023, Arabian Adventures, a leading destination management company and tour operator in the UAE, is responding to high demand by reintroducing an enhanced version of its Jeep Adventure Safari. The safari is designed to showcase the hidden gems of the UAE, with a curated itinerary that encompasses six key locations. The itinerary includes remarkable sites such as Camel Rock, Buhais Geology Park, Shawka Pools, Mleiha Archaeological Centre, the 'Valley of the Caves' at Al Faya Mountain, and Wadi Al Helo. This unique and immersive experience allows travelers to uncover the wonders of the UAE's natural and cultural heritage.

 

The allure of exploring breathtaking natural landscapes, encountering wildlife up close, and engaging in thrilling activities like game drives and bushwalks has resonated with adventure-seeking travelers. This growing interest in experiential travel is driving the growth of the adventure safari tourism market.
Group travel is a prominent trend in the adventure safari tourism market, with millennials showing a strong inclination towards group travel experiences. According to a recent study conducted by the Centre for the Promotion of Imports from developing countries (CBI), a division of the Ministry of Foreign Affairs of the Netherlands, it was found that 37% of millennials in Europe expressed a strong preference for group travel with friends in 2021.
Friend groups often exhibit common interests and preferences in seeking thrilling experiences, exploration, and embracing new challenges, making adventure safari activities an attractive choice for them to engage in enjoyable and boundary-pushing endeavors collectively.

 

Private Safari Tourism Market Analysis & Forecast

 

The global private safari tourism market size was valued at USD 8.76 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. The private safari tourism segment is witnessing significant growth due to the increasing demand for exclusive and tailored experiences among travelers. Factors such as customization, exclusivity, luxury accommodations, personalized services, and expert guides are driving the growth of this segment, contributing to the overall expansion of the market. Tour operators are increasingly launching private safari tours to cater to the growing demand for personalized and exclusive experiences among travelers. These private tours offer a range of benefits, including customized itineraries, flexible schedules, and the opportunity to explore remote and pristine locations.

 

For instance, in March 2021, Augustine's Adventure Africa (AA Africa), one of the leading tour operators in Africa introduced enhanced and customizable tour packages for Tanzania, aiming to provide clients with an unforgettable and visually captivating experience. Their newly launched private adventure safari in Tanzania offers optional extensions to various destinations such as Zanzibar, Kenya, Rwanda, Uganda, South Africa, and Victoria Falls. The launch of private safari tours by tour operators reflects the industry's commitment to meeting the evolving preferences and expectations of discerning travelers, providing them with unique and tailored adventures in the wilderness.

 

The private safari tourism market has witnessed significant growth attributed to the increasing preference of friend groups for exclusive and customized travel experiences. This segment offers tailored itineraries, personalized services, luxury accommodations, and expert guides, catering to the specific interests and preferences of friends traveling together. The desire for privacy, flexibility, and the opportunity to bond and create lasting memories in a group setting has fueled the demand for private safari tours among friends. This trend is expected to drive the growth of the private safari tourism market in the coming years, as tour operators continue to develop and promote specialized offerings for this segment. 

 

Order Free Sample Copy of “Safari Tourism Industry Data Book - Adventure and Private Safari Tourism Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” published by Grand View Research 

 

 

Key players operating in the safari tourism industry are –

 

• Abercrombie & Kent
• African Parks
• AndBeyond
• Big Five Tours & Expeditions
• Cheli & Peacock Safaris
• Classic Africa
• Gamewatchers Safaris
• Great Plains Conservation
• Intrepid Travel
• Ker & Downey Africa
• Kwando Safaris
• Natural Habitat Adventures
• Nomad Tanzania
• Ol Pejeta Conservancy
• Red Savannah
• Rhino Africa
• Safari Architects
• Safari365
• Sanctuary Retreats
• Singita
• Thomson Safaris

The Bedding Industry: A Comprehensive Analysis And Exploring The Trends

 

 

Global bedding sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

 

Bed Linen Market Analysis & Forecast

 

The global mattress market size was valued at USD 41.34 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2030. Consumers are becoming more aware of the importance of getting a good night's sleep for their overall health and wellness. As a result, there is a growing demand for bed linen that is comfortable, soft, and promotes restful sleep. Additionally, as home decor trends continue to evolve, consumers are looking for bed linen that reflects their personal style and complements the overall design of their homes.

 

The sheets & mattresses segment accounted for the largest share of the bed linen market in 2022. This is mainly attributed to this product being a common requirement in almost every house and hotel. Consumers such as homeowners and hotels try to match the sheets and mattress covers with the room designs. Various design options such as floral, geometric, and checks are available in this segment, making it a huge category in the product segment. With more development in the housing and hospitality sector, sheets and mattress cover types will continue witnessing a growth in demand.

 

Access the Global Bedding Industry Data Book from 2023 to 2030, compiled with details by Grand View Research 

 

Mattress Market Analysis & Forecast

 

The global mattress market size was valued at USD 58.18 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. Increasing cases of back problems associated with uncomfortable sleeping surfaces are boosting the demand for innerspring mattresses. Another major factor driving the segment growth is the improving condition of the housing market, along with enhanced purchasing power parity across the globe. The rapidly growing real estate industry, coupled with a rise in residential and personal spaces including apartments, and houses among others across the globe, is fueling the product demand. The majority of the consumers reported that they would consider making huge purchases for the household because of a considerable amount of time spent at home, which made them notice various aspects that might need to be updated or are missing.

 

In terms of value, the foam mattress segment dominated the industry and will account for the largest revenue share by 2030. Memory foam is widely used in the commercial sector, especially in hospitals, as it offers several benefits. Memory foam molds as per the body in response to heat and pressure, thereby evenly distributing body weight. The design technique of memory foam mattresses is such that it returns to their original shape once the pressure is removed. North America held the second-largest share in 2021 owing to an increased number of home renovation activities that include personalizing according to recent trends and consumer needs.

 

Blankets Market Analysis & Forecast

 

The global mattress market size was valued at USD 31.94 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030. Significant growth of the travel and hospitality industries at a global level as a result of reduced airline fares and attractive value-added services provided by key hotel industry participants is expected to remain a prominent factor. Furthermore, rising national defense spending by the governments of countries including U.S., China, Russia, Iran, Israel, India, and Pakistan is expected to promote the use of blankets for military and air force over the next few years.

 

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

 

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

 

Order Free Sample Copy of Bedding Industry Data Book, published by Grand View Research

 

Pillows Market Analysis & Forecast

 

The global mattress market size was valued at USD 16.60 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. Consumers are looking for pillows that meet their specific needs and preferences, such as pillows that are soft or firm, have a certain shape or size, or are made from specific materials. Moreover, people with health concerns, such as allergies, asthma, or sleep apnea, seek pillows that can address these issues and provide relief. Advancements in pillow technology have also been boosting the demand for pillows offering overall comfort.

 

The demand for pillows is expected to rise in the commercial sector due to increasing emphasis on guest comfort in the hospitality sector. The hospitality industry, including hotels, resorts, and vacation rentals, is placing a greater emphasis on guest comfort to provide a better guest experience. This includes providing high-quality pillows that offer the necessary support and comfort for a restful sleep.

 

Key players operating in the bedding industry are –

 

• Acton & Acton Ltd.
• Tempur Sealy International, Inc.
• American Textile Company
• Serta Simmons Bedding LLC
• Casper Sleep Inc.
• Boll & Branch LLC
• Beaumont & Brown Ltd.
• American Blanket Company
• Chellco Industries Limited
• Jindal Woollen Industries Ltd.
• Youngman Woollen Mills Private Limited.
• Spring Air International
• Sleep Number Corp.
• Kingsdown, Inc.
• Pacific Coast Feather Company
• Trident Ltd.
• Crane & Canopy Inc.
• Peacock Alley
• Purple Innovation, Inc.
• Southerland Sleep

Electric Off-Highway Equipment Industry Is Driving Due To Technological Innovations

 

 

Electric off-highway equipment industry data book covers electric agriculture equipment, construction equipment, mining equipment market.

Global Electric Off-Highway Equipment Industry databook is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

 

Access the Global Electric Off-Highway Equipment Industry Data Book from 2023 to 2030, compiled with details by Grand View Research

 

Electric Agriculture Equipment Market Insights

Growing commercial farming coupled with a labour shortage is a major factor driving the market growth for electric agricultural equipment. The demand for increased crop yield and the hovering threat of food security is other factors supplementing the market growth for electric agricultural equipment in major agricultural economies. The integration of electric propulsion in agricultural mechanisms owing to increased crop yield, decreased production cost, reduction in post-harvest losses, and efficient time management are also favouring the market growth worldwide.

The growing traction towards farm mechanization is supporting the uptake of electric technology. Electrical agricultural equipment like tractors, threshers, and other cultivation equipment can aid in numerous farming chores. In order to execute a number of crop production processes, mechanization entails the careful application of inputs by utilizing agricultural equipment, such as power-driven machinery and hand tool, which guarantees a decrease in the labour-intensive tasks associated with various farm activities and refocuses the use of inputs to maximize the potential of available resources.

 

Construction Equipment Market Insights

The electric construction equipment market is experiencing growth owing to stringent laws on noise and carbon emissions caused in closed construction and urban area. The increase in noise pollution in the cities has become a potential threat owing to ramping up construction projects. The noise pollution from the equipment, such as loaders, excavators, and motor graders, have prompted municipal corporation in European cities such as Copenhagen, Oslo, Stockholm, and Helsinki to launch initiatives to launch pilot projects for zero-emission construction sites. The city of Helsinki signed the green deal in 2020 to create zero-emission worksites, and the practice will be slowly applied to the whole town.

The authorities said that as a result of the initiative, it has chosen to use minimal parameters for procuring all upcoming street infrastructure and outsourced infrastructure projects. By 2025, every city's construction sites are expected to be fossil fuel-free; by 2030, all emissions will be eliminated. Similarly, by 2040 London has also declared its intention to reduce emissions from construction sites to zero. The trend for fast-charging equipment, which has a longer operating duration and is powered by hydrogen fuel, solid-state battery, or lithium-ion battery, is gaining traction while supporting the market growth. Fast-charging batteries are known to withstand higher charging speeds prompting manufacturers to offer battery packs that can be swapped when the battery level is low.

 

Order your copy of the "Electric Off-Highway Equipment Industry Data Book –Market Size, Share, Trends Analysis And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

 

Mining Equipment Market Insights

 

The mining industry has been dependent on diesel for its major operation, such as transportation vehicles, along with operating mining equipment for underground and surface mining. According to International Council on Mining and Metals (ICMM), diesel-powered engines emit 30 to 80 % of emissions in a mining site. With mining concentrated in hostile and harsh terrains with extreme temperatures, the emission emitted contributes to the higher temperature. Using diesel-powered equipment generates more pollutants while producing more noise and heat while incurring higher operational costs. These factors of conventional mining equipment are fueling the adoption of electric mining equipment in the mining industry.

Electric mining equipment help in reducing heat in underground mine by increasing ventilation and cooling in the underground mining environment. The ongoing urbanization and industrialization are fueling the demand for natural resources such as oil and minerals. As a result, the global mining industry is flourishing. This, in turn, is expected to boost the demand for electric mining equipment, thereby leading to the growth of the market for this equipment worldwide.

Companies operating in the mining equipment market are enhancing their product portfolio by including electric equipment in the lineup to meet the demand for various types of electric mining equipment, such as mineral processing equipment, crushers, surface mining tools, screening equipment, and mining drills & breakers. A range of variants that are either rechargeable batteries, cable-tethered, or use overhead trolley lines make up the most electrified mining equipment. The latter are more common in open-pit mines where using big surface trucks is necessary.

 

Key players operating in the electric off-highway equipment industry are –

• Komatsu Ltd
• Caterpillar Inc
• MaterMacc S.p.A
• AGCO Corp.
• CLAAS KGaAmbH
• Mahindra & Mahindra Ltd.
• SDF S.p.A.
• J C Bamford Excavators Ltd
• AGCO Corp.
• CNH Industrial N.V.
• Deere & Company
• CLAAS KGaAmbH
• Escorts Ltd.
• International Tractors Ltd.
• YanmarCo., Ltd.
• KubotaCorp.
• Mahindra & Mahindra Ltd.
• Tractors and Farm Equipment Ltd.
• Caterpillar Inc MaterMacc S.p.A
• MaterMacc S.p.A
• AB Volvo 
• Caterpillar Inc
• Liebherr

Handbag Industry To Rise In Future As It Is One Of The Symbol Of Status And Fashion

  

 

Global handbag industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

 

Tote Handbag Market Report Highlights

 

The global totte handbag market size was estimated at USD 21,186.7 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. Tote bags are generally larger in size compared to other handbags, providing ample space to carry essentials such as laptops, books, gym clothes, groceries, or even beach accessories. Their roomy interior makes them ideal for everyday use and practical for various activities. Korean fashion and aesthetics have gained significant popularity among younger consumers worldwide. Tote bags align well with the minimalist, practical, and stylish aspects of Korean fashion trends, contributing to their increased demand.

 

Luxury accessories brands continuously innovate in terms of design, offering unique and distinctive leather tote bag designs that capture the attention of affluent consumers. These brands often set trends and establish themselves as leaders in the fashion industry and collaborate with designers, driving the demand for their leather tote bags. For example, in November 2022, Luca Nichetto, a well-known furniture designer collaborated with Angela Roi, a prominent accessories brand to design a tote bag crafted from apple skin leather.

 

Access the Global Handbag Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies.

 

Clutch Handbag Market Report Highlights

 

The global clutch handbag market size was estimated at USD 12,364.5 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.0% from 2023 to 2030. The rise in disposable income, especially among the affluent population, has contributed to the increased demand for luxury bags. As consumers have more purchasing power, they are more likely to invest in high-end and designer handbags, including clutch bags, as a symbol of luxury and status. Clutch bags are often favored for social events and parties due to their compact size and stylish appeal. Consumers appreciate the convenience and elegance of clutch bags, which can elevate their outfits and make a fashion statement on special occasions.

Clutch handbags are characterized by their small size and lack of handles or straps, typically designed to be carried in one hand or tucked under the arm. Clutch leather handbags are versatile and can be easily paired with different outfits and occasions. They can be used during daytime events or dressed up for evening affairs, making them a versatile accessory choice. Also, the increasing prices of designer bags and their ever-increasing demand among high-income households have facilitated the overall demand for luxury accessories like leather clutch bags in countries like the U.S. and the U.K. For instance, according to Business and Fashion's new data and insights on June 2022, the average price of a women's designer bag in the US has increased by 27% since 2019.

Satchel Handbag Market Report Highlights

 

The global satchel handbag market size was estimated at USD 6,872.1 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2030. Satchel handbags can make a fashion statement by adding a touch of style and personality to an outfit. They come in a wide range of colors, patterns, and embellishments, allowing individuals to express their individuality and complement their personal style. The unisex design and versatility of satchel handbags have made them a preferred choice for individuals who appreciate a gender-neutral accessory.

 

Order your copy of Free Sample of Handbag Industry Data Book, published by Grand View Research

 

Competitive Landscape

 

The manufacturers aim to achieve optimum business growth and a strong market position through the implementation of various strategies such as acquisitions, new product launches, collaborations, and strengthening of distribution networks in the global as well as regional markets.

Key players operating in the Handbag Industry are –

• Sangetsu Corporation
• Louis Vuitton
• Hermès International S.A
• Michael Kors
• Fossil Group, Inc.
• Guccio Gucci S.p.A
• Prada S.p.A
• Burberry Group Plc
• Tapestry, Inc.
• Chanel Ltd
• Compagnie Financière Richemont SA
• FENDI S.r.l.
• Calvin Klein Inc.