Leather Goods Industry Is Projected To Grow As Of Increase In Consumer Disposable Income, And The Rise In Domestic And International Tourism

 

Leather goods industry data book covers leather handbags, small leather goods/ accessories, leather apparel, leather footwear, leather home decor & furnishing, leather pet accessories and leather automotive accessories market.

Global leather goods 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.

The global leather goods market size was valued at USD 242.85 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030.

Leather Handbags Market Analysis & Forecast

The global leather handbags market size is expected to reach USD 37.32 billion in 2022 and is projected to register a CAGR of 6.8% during 2023-2030. The market is gaining popularity due to the rising demand from the millennial population. Brands such as Gucci, Prada, and Louis Vuitton are popular among both men and women across the globe. Evolving trends such as the introduction of new colorful leather handbags available in different shapes and sizes are expected to boost this segment’s growth. With a busy life and hectic work schedule, consumers are looking for a leather tote that is elegant, fashionable, and trendy as well as enables them to carry all their daily essentials hassle-free. Tote bags are quite spacious and can be used for both formal and casual occasions.

Small Leather Goods/ Accessories Market Analysis & Forecast

The global leather goods/ accessories market size is expected to reach USD 21.79 billion in 2022 and is projected to register a CAGR of 5.8% during 2023-2030. The growth of the small leather goods market is propelled by the increasing demand for fashionable small leather accessories such as wallets, phone covers, watch straps, and pouches. Consumers are seeking highly durable and sleek leather accessories to meet their needs. Leather wallets and pouches are popular choices for everyday cash storage due to their durability and style. Unlike hard materials such as nylon or plastic that can cause discomfort, leather remains smooth even when folded, making it more comfortable to carry in one's pocket.

Leather Apparel Market Analysis & Forecast

The global leather apparel market size is expected to reach USD 42.84 billion in 2022 and is projected to register a CAGR of 6.0% during 2023-2030. Continuously evolving personal grooming as well as fashion habits among men and women along with the subsequent demand for comfort wear, has been driving this market growth. Rising product availability with a range of unique designs, color combinations, prints, and customized designs in leather shirts for men has been driving segment growth. Furthermore, the increased preference among men for leather shirts that are lightweight and come with customized designs to add distinction to the clothing has resulted in higher penetration of leather shirts for men.

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Leather Footwear Market Analysis & Forecast

The global leather footwear market size is expected to reach USD 95.37 billion in 2022 and is projected to register a CAGR of 7.0% during 2023-2030. The growth is attributed to the growing working-class population, rising income among consumers, flourishing retail e-commerce sector worldwide, growing fashion trends in business wear. Leather shoes are durable and provide an elegant look making it popular among various consumers. The breathable features of real leather which can cool down the feet and avoid unwanted odors is also driving the growth of the product in the market.

Leather footwear market is closely aligned with consumer spending on fashion accessories. Rapid growth in the spending on fashion accessories due to growing influence of social media is driving the market. Recent changes in consumer shopping trends and increasing propensity toward buying high-end and designer shoes are estimated to trigger the growth. Demand for trendy, fancy, and comfortable footwear is driving the demand.

Europe held the largest market share of 31.0% in 2018. High importance of footwear in European countries is anticipated to drive the growth. U.K. accounted for approximately 13.0% of the market share in 2018. In the U.K., leather footwear accounts for 49.0% of the total footwear market. Asia Pacific is the fastest growing market with a CAGR of 5.1% from 2019 to 2025.

Leather Home Decor and Furnishing Market Analysis & Forecast

The global leather home decor and furnishing market size is expected to reach USD 16.64 billion in 2022 and is projected to register a CAGR of 5.3% during 2023-2030. Increasing expenditure of people on home furnishing and renovation has been a factor driving the leather home decor & furnishing market growth. According to the International Monetary Fund, the global housing market has been steadily climbing up as of 2022. Another important factor is the housing index, which reflects changing prices of residential properties. The leather furniture segment includes a diverse range of products like dining sets, rocking chairs, and recliner chairs. The market for leather furniture involves a myriad range of regional and domestic manufacturers globally, and each player, to create a unique position in the market and to sustain customers, has been focusing on continuous product evolutions.

Leather Pet Accessories Market Analysis & Forecast

The global leather pet accessories market size is expected to reach USD 1.10 billion in 2022 and is projected to register a CAGR of 4.4% during 2023-2030. High demand for pet care products & boarding services, coupled with a rise in the adoption of pets, is estimated to drive the leather pet accessories market growth. According to American Pet Products Association, people in the country spent over USD 136.8 billion on pets in 2022, a significant increase from USD 123.6 billion in 2021. In addition, increasing government animal healthcare organizations and rising awareness of veterinary health are swiftly boosting the investment by manufacturers in pet toys in the market. Moreover, according to the 2019-2020 APPA National Pet Owners Survey, 67% of U.S. households own a pet, which equates to 84.9 million homes.

Leather Automotive Accessories Market Analysis & Forecast

The global leather automotive accessories market size is expected to reach USD 27.79 billion in 2022 and is projected to register a CAGR of 7.3% during 2023-2030. Increasing automobile production coupled with the growing requirement for sophisticated and alluring interiors is driving the leather automotive accessories market growth. Unlike leather used in luggage or apparel, the leather used in automotive interiors needs to be harder and durable enough to resist stains, fading, and people sliding across. Automotive leather can be of various types and comes in different styles like aniline, semi-aniline, and pigmented (coated/protected) leather. Among these, pigmented leather is used in most automobiles. On the other hand, aniline and semi-aniline leather types are a little expensive and mostly found in higher-end vehicles and older specialty vehicles.

Go through the table of content of Leather Goods Industry Data Book to get a better understanding of the Coverage & Scope of the study.

Leather Goods Industry Data Book Competitive Landscape

Key players are concentrating on strategic measures such as product launches, acquisitions, sponsoring events, collaborations, participating in industry events, and expanding their operations to bolster revenue growth and strengthen their global market position.

Key players operating in the leather goods industry are –

• Adidas AG
• Nike, Inc.
• Puma SE
• Fila, Inc.
• New Balance Athletics, Inc.
• Knoll, Inc.
• Samsonite International S.A.

Food Processing Equipment Industry Is Expected Grow Due To Rising Population, Increasing Disposable Income And Shift In The Consumer Shopping Behavior

  

 

Food processing equipment industry data book covers hot food processing equipment, bakery processing equipment and meat processing equipment market.

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.

The economic value generated by the food processing equipment industry was estimated at approximately USD 44,842.6 million in 2020.

Hot Food Processing Equipment Market Analysis & Forecast

The global hot food processing equipment market size was valued at USD 20,824.8 million in 2021 and is expected to exhibit a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030. The rising demand for fast food and packaged food is expected to prompt manufacturers to expand their production capabilities, thereby augmenting the demand for hot food processing equipment during the forecast period.

The growing urban population in the U.S. has influenced food preferences, thereby boosting the processed food demand. Furthermore, the market in the U.S. is undergoing a transition owing to the COVID-19 pandemic as players in this space undertook strategic acquisition and capacity expansion to meet the increasing demand for food. Rising disposable incomes and a growing younger population with higher spending means is likely to drive the market for processed foods thereby aiding the industry growth. Preference for healthy meals and the rise of veganism among the younger population is projected to provide a good industry outlook, as food makers are likely to capitalize on the rising demand.

Asia Pacific led the market and accounted for 35.6% of the global revenue share in 2021. Europe emerged to dominate the food and beverage sector., Companies can take advantage of growth prospects because of the demand and supply of processed foods, as well as a robust and distributed network. Central & South American region is expected to witness a CAGR of 6.7% during the forecast period. The rapid urbanization in South Africa is expected to have a positive impact on the food & beverage industry, mainly on account of the changing food consumption trends.

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Bakery Processing Equipment Market Analysis & Forecast

The global bakery processing equipment market size was valued at USD 12,920.9 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2021 to 2028. Increasing demand for packaged food products, including frozen meals, snack foods, and ready-to-eat food products, owing to their convenience and shelf life is anticipated to drive the product demand over the forecast period. Changing consumer lifestyles and tastes have compelled food manufacturers to introduce new products in the market. However, these new product launches focused on catering to the changing demand for taste, flavor, and nutrients further add to the production complexity. This, in turn, is anticipated to drive the demand for advanced bakery processing equipment that can handle a wide variety of ingredients and perform several functions across the production line.

Growing industrialization, infrastructure development, and increased investments in the food and beverage sector are likely to generate positive growth possibilities in China. The food and beverage industry contributes considerably to China’s economy. As a result, increased GDP contributions from the industrial and food & beverage industries are expected to fuel the growth of the bakery processing equipment market over the projection period.
Asia Pacific accounted for the largest market share of 37.1% in terms of revenue in 2020. Central & South America accounted for the fastest market with a CAGR of 6.1%. The food & beverage industry has been significantly growing in this region owing to high investments.

Meat Processing Equipment Market Analysis & Forecast

The global meat processing equipment market was estimated at USD 10,283.9 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030. The rising investments in meat processing machinery coupled with technological advancements in meat processing equipment are anticipated to fuel the growth of the industry during the forecast period. Stringent regulations regarding selling, trading, and transporting meat under controlled conditions to avoid spoilage and proper maintenance of nutrient values are expected to drive the demand for meat processing equipment. High R&D expenditure has resulted in the development of new technologies, such as the integration of equipment used for different purposes, including slicing, blending, and grinding into one machine, to save transfer costs and maintain hygiene levels.

North America dominated the market and accounted for an 18.8% share of the global revenue in 2022. Europe is expected to be driven by the rising awareness of benefits associated with meat products, such as high protein content and immunity-boosting ability. Asia Pacific is expected to expand at a CAGR of 5.6% over the forecast period because of the growing population, with varying income levels and cultural diversions.

Go through the table of content of Food Processing Equipment Industry Data Book to get a better understanding of the Coverage & Scope of the study.

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

 

 

Safari Tourism Industry To Grow Up Due To Increasing Disposable Income And The Rising Middle Class In Many Countries

 

 

Safari tourism industry data book covers adventure safari tourism and private safari tourism market.

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.

The global safari tourism market size was valued at USD 25.44 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2030.

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.

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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.

Go through the table of content of Safari Tourism Industry Data Book to get a better understanding of the Coverage & Scope of the study.

Safari Tourism Industry Data Book Competitive Landscape

In the dynamic safari tourism market, launching new tours and itineraries is essential for companies to maintain competitiveness and meet the evolving demands of travelers. It presents an opportunity to expand the customer base, target new market segments, and cater to diverse travel preferences. By offering fresh and distinctive experiences, safari tour operators can differentiate themselves from competitors, enhance customer satisfaction, and foster repeat business.

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

Games And Puzzles Industry To Rise Up Due To Growing Trend Toward Eco-Friendly And Socially Responsible Products

 

 

Global games and puzzles 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.

The global games and puzzles market size was valued at USD 15.09 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 17.3% from 2023 to 2030.

Games Market Analysis & Forecast

The global games market size was valued at USD 8.40 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 16.8% from 2023 to 2030. These provide a social and dynamic experience that promotes player interaction and teamwork toward a common objective, making them an enjoyable and interesting way to spend time with friends and family. This market's revisit significance, adaptability, and dynamism are significant driving forces. The state-owned international broadcaster, Deutsche Welle, reported that the demand for board games grew by 20% in 2020, according to German readership. Games like Carcassone, Risk, Monopoly, Dominion, and Settlers of Catan are among the most widely played games on the market.

The licensed game segment is poised for substantial growth during the forecast period. This growth is primarily fueled by market players actively introducing captivating games specifically designed for children. These game developers have recognized the immense potential in catering to the younger audience, leveraging popular licensed characters, brands, and franchises that resonate with kids. For instance, in May 2022, London-based Outright Games launched a digital teaser on YouTube, showcasing five new licensed games for kids based on big-name entertainment brands. The games are based on L.O.L. Surprise, PAW Patrol, and more.

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Puzzles Market Analysis & Forecast

The global puzzles market size was valued at USD 6.68 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 18.0% from 2023 to 2030. Puzzle-solving is a relaxing and restorative pastime. A December 2022 study by Aviva revealed that more than 45% of individuals in the UK enjoyed puzzle-solving. Most of them prefer puzzles in a material format, and about 84% have done puzzles like number puzzles, jigsaws, and word problems in the past year. Additionally, adults over 55 are driving the puzzles market’s growth since they are more inclined than others to prefer puzzles in material formats.

The puzzle market has experienced innovation and excitement due to the rise of 3D and 4D puzzles. These puzzles can be educationally advantageous and provide a more engaging experience. A Canadian company that specializes in 3D puzzles is Wrebbit Puzzle Inc. It develops a variety of puzzles with a range of themes, such as Harry Potter, Game of Thrones, and Lord of the Rings. The company launched its 440-piece Friends-inspired Central Perk! 3D Jigsaw Puzzle in April 2021.

Non-licensed puzzles are widely available online as e-commerce expands. Customers may browse various options, evaluate prices, and read reviews owing to this accessibility before making a purchase. Online shopping's convenience has contributed to the growth of non-licensed puzzle sales. Since people buy puzzles for thoughtful and enjoyable gifts, the puzzle-giving culture helps puzzle sales. This allows non-licensed puzzles a more universal appeal, making them a more reliable and profitable investment for manufacturers.

Go through the table of content of Games and Puzzles Industry Data Book to get a better understanding of the Coverage & Scope of the study.

Games and Puzzles Industry Data Book Competitive Landscape

The manufacturers aim to achieve optimum business growth and a strong market position by implementing various strategies such as acquisitions, new product launches, collaborations, and strengthening distribution networks in the global and regional markets. The manufacturers in the market aim to intensify their market positions by widening their customer base. Multinational players aim to achieve business growth in regional markets through mergers, acquisitions, and other strategic initiatives.

Key players operating in the games and puzzles industry are –

• Buffalo Games
• Hasbro, Inc.
• Mattel, Inc.
• Ceaco, Inc.
• Ravensburger AG
• Schmidt Spiele
• Cubicfun 3D Puzzle
• Educa Borras
• Castorland
• Cobble Hill
• Gailson
• Clementoni
• Bits and Pieces
• BetterCo.
• Eurographics
• MasterPieces
• New York Puzzle Company
• Parker Brothers
• Asmodee
• North Star Games

Bedding Industry To Rise Up Due To Rapidly Growing Population And Increasing Demand For High-Quality Bedding Products

 

 

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.

The global bedding industry was valued at USD 148.06 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030.

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.

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 product demand from the real estate sector to serve the needs of the residential segment has led to an increase in the sales of home furnishings, such as mattresses, pillowcases, and bed linen products, among others. However, the COVID-19 pandemic has impacted the growth of the market. People were reluctant to leave their homes because of the pandemic. As a result, the e-commerce sector has experienced growth, and businesses are creating innovative tactics to enable customers to purchase mattresses from the convenience of their homes.

Consumer willingness to pay for sleep solutions has changed significantly worldwide, not just in the major cities but also in smaller cities and towns. People’s desire to conduct in-depth research, compare pricing and make knowledgeable selections when purchasing mattresses and other sleep solutions have substantially improved as awareness has expanded. The increasing number of luxury hotels in the U.S. is also expected to significantly contribute to revenue growth as the bedding used in these hotels is of superior quality. These products cost a lot more than regular bedding products and this is projected to positively impact the mattress market.

Global industry has been further categorized into Asia Pacific, North America, Europe, Middle East & Africa, and Central & South America. Asia Pacific dominated the global industry in 2021 and accounted for the maximum share of more than 37.90% of the overall revenue. North America region is also expected to witness a considerable growth rate from 2022 to 2030. Major home improvement projects undertaken by consumers in the region are boosting the demand for high-end mattresses.

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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.

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. The global blanket market size was valued at USD 17.0 billion in 2018. Growing application of blankets in the commercial sectors including travel and hospitality, military and defense, and charity is expected to have a positive impact on the market growth. Furthermore, the market has seen a boom as a result of innovation and ease of product availability in affordable price ranges.

The industry is expected to witness further growth as a result of the increasing demand for luxury and comfort among the working-class population in developing countries such as India and China. The pattern, material, and color of blankets play an essential role in influencing the buying behavior of consumers. Considering the change in the buying patterns, a preference for bold and dramatic colors has been observed among consumers. Blanket manufacturing companies have been incorporating these preferable colors and patterns in their new products.

North America was the largest market in the year 2018, accounting for more than 30.0% share of the total revenue. Factors supporting the sales in the region include climatic conditions, a large number of hotels, a gigantic defense force, and charity done by both individuals as well as corporate. Asia Pacific is expected to expand at the fastest CAGR of 5.2% from 2019 to 2025. Fluctuation in climate conditions in key markets, along with a strong hold of middle-income age groups, is expected to promote the utility of blankets.

Go through the table of content of Bedding Industry Data Book to get a better understanding of the Coverage & Scope of the study.

Bedding Industry Data Book Competitive Landscape

The manufacturers use a variety of strategies, including acquisitions, the introduction of new products, partnerships, and the bolstering of their distribution networks, to achieve maximum company growth and a strong marketplace. Manufacturers of bedding goods intend to strengthen their market positions by expanding their clientele. Therefore, major market players are pursuing mergers, acquisitions, and other strategic initiatives to achieve business development in the regional market.

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

Laundry Care Industry Is Expected To Grow Due To Rising Population In Developing Countries

 

 

Laundry care industry data book covers laundry sanitizer, laundry detergent and fabric softeners & conditioners market.

Global laundry care 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.

The global laundry sanitizer market size was estimated at USD 100.76 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2030.

Laundry Sanitizer Market Analysis & Forecast

The global laundry sanitizer market size was estimated at USD 38.00 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.7% from 2023 to 2030. The market growth can be attributed to increased awareness about the importance of hygiene, especially during disease outbreaks and pandemics. Moreover, the increased demand for laundry sanitizers and disinfectants within the healthcare sector has benefitted market growth. The COVID-19 pandemic showcased the importance of hygiene practices to prevent the spread of the virus. People began to realize that pathogens could potentially linger on surfaces, including clothing, which resulted in the increased demand for laundry sanitizers. Moreover, individuals started incorporating laundry sanitizers into their routines to ensure their clothes were thoroughly disinfected.

This awareness was fueled by the understanding that contaminated clothing could contribute to the transmission of diseases. Consumers are becoming more aware of the importance of proper hygiene, especially in developing countries. For daily cleaning routines, laundry sanitizer is an essential and efficient product that promotes personal hygiene practically and affordably. According to the Centers for Disease Control (CDC), the most likely way for the virus to spread is through close contact with someone who is infected. However, early laboratory evidence also suggested that coronavirus could survive on plastic and stainless-steel surfaces anywhere from hours to a few days. Thus, it remained a possibility that coronavirus could live on clothes for several hours.

The Asia Pacific regional market dominated the global market in 2022 and accounted for the largest share of over 37% of the overall revenue. The North America region is expected to witness the fastest CAGR of 2.8% during the forecast period. The innovative marketing strategies employed by key companies in the U.S. to effectively tap into consumer demand for convenient and effective laundry solutions are expected to drive market growth.

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Laundry Detergent Market Analysis & Forecast

The global laundry detergent market size was estimated at USD 82.78 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. The rising penetration of washing machines in the developing economies is likely to be a key driver for demand over the forecast period. Furthermore, technological advancements are also likely to fuel growth.

The demand for the product in the U.S. is dominated by the growing popularity of liquid products. The U.S. has witnessed tremendous growth in the use of liquid commodity over powder merchandise. However, issues regarding the safety of children ingesting these products acted as a restraint to market growth in 2016. Global vendors such as Procter & Gamble have developed new packaging types to make the company’s packaging childproof. The company also claims to add sour flavor in the packaging of the product.

APAC is likely to dominate the global market over the forecast period. The region is expected to grow from 34.9% in 2016 to 35.9% by 2025 and register growth owing to increased competition due to the rising popularity of regional brands. As per 2014 rankings, China and India were the top two countries in terms of population. While the population in China was around 1.4 billion, of which 56% resided in urban areas, the population in India was about 33%, of which 1.3 billion reside in urban areas.

Fabric Softeners & Conditioners Market Analysis & Forecast

The global fabric softeners & conditioners market size was estimated at USD 17.95 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2023 to 2030. It is expected to expand at a CAGR of 4.7% during the forecast period. Rising consumer preference for premium clothes is anticipated to drive the demand for the products like fabric conditioners and softeners as they help maintain to softness of clothes. Rising concerns over the use of chemicals including quaternary ammonium compounds, which leads to skin problems, is driving the demand for biodegradable products. This factor is anticipated to encourage manufacturers to invest in R&D and launch of innovative product launches.

Asia Pacific is expected to witness the fastest CAGR of 6.1% from 2019 to 2025. Rising disposable income especially in developing countries such as China and India is expected to remain a favorable factor. As of 2018, North America held a market share of more than 20%. High concentration of working population along with high disposable income in the U.S. and Canada is expected to fuel the growth. Proctor & Gamble accounted for over 50% of the U.S. market share through the presence of its two brands, namely, Bounce and Downy.

Go through the table of content of Laundry Care Industry Data Book to get a better understanding of the Coverage & Scope of the study.

Laundry Care Industry Data Book 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. The manufacturers in the market aim to intensify their market positions by widening their customer base. Thus, multinational players are aiming to achieve business growth in the regional market through mergers, acquisitions, and other strategic initiatives.

Key players operating in the laundry care industry are –
• Procter & Gamble (Cascade)
• Unilever
• Henkel AG & Co. KGaA (Pril)
• Reckitt Benckiser Group PLC (Finish)
• Colgate-Palmolive Company
• Kao Corporation
• SC Johnson and Son Inc.
• The Clorox Company
• ITC Ltd.
• Dabur India Ltd.
• Micro Balance Health Products
• Church & Dwight Co. Inc.
• Spectrum Brands Inc.
• Cosmo Films Ltd.
• Lion Corporation
• Method products, PBC.
• LG Household & Health Care Ltd.
• PIGEON CORPORATION
• SEVENTH GENERATION, INC
• MELALEUCA, INC.

 

Electric Off-Highway Equipment Industry To Rise Due To Urbanization, Higher Carbon, And Electrification Equipment

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

Grand View Research’s 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.

 

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 Free Sample of Electric Off-Highway Equipment Industry 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.

This offers many benefits, such as reduced noise due to the absence of engines and limited greenhouse gas emissions. 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.

Electric Off-Highway Equipment Industry Data Book Competitive Landscape

Companies are adopting several growth strategies, such as partnerships, mergers & acquisitions, and product launches, to stay afloat in the competitive industry.

 

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 

 

Check out more Industry Data Books, published by Grand View Research

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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