Vacuum Contactor Market Expands with Advances in Industrial Automation

The global vacuum contactor market size was valued at USD 4.52 billion in 2024 and is projected to reach USD 6.65 billion by 2030, expanding at a CAGR of 6.7% from 2025 to 2030. The growing emphasis on industrial energy efficiency and the deployment of smart, modernized grid infrastructure are major factors driving market expansion.

Vacuum contactors play a crucial role in applications involving frequent switching of motors, transformers, and capacitors, particularly in settings that demand arc suppression, equipment reliability, and compact design. As industries strive to minimize downtime and reduce power loss, vacuum contactors are increasingly preferred over traditional air contactors due to their superior arc quenching performance and low maintenance requirements.

The market is further benefitting from global infrastructure modernization initiatives and the integration of renewable energy systems. Countries across Asia-Pacific, especially China and India, are making significant investments in industrial automation and smart grid projects, stimulating regional growth. Additionally, the expansion of mining, oil & gas, and rail infrastructure in emerging economies presents new opportunities for adoption. The rise in urbanization and industrial activity has accelerated energy consumption, prompting industries to focus on improving operational efficiency and energy management. Vacuum contactors, with their ability to reduce power loss and enhance energy utilization, are becoming increasingly vital in achieving these objectives.

Key Market Trends & Insights

• Asia Pacific vacuum contactor market held the largest share of 45.3% in 2024.
• The U.S. market continues to grow due to its strong industrial base and rapid adoption of energy-efficient technologies.
• By application, the motors segment led the market with a 37.8% share in 2024.
• By end use, the utilities segment dominated and is projected to grow at the fastest CAGR of 7.1% during the forecast period.

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Market Performance

• 2024 Market Size: USD 4.52 Billion
• 2030 Projected Market Size: USD 6.65 Billion
• CAGR (2025–2030): 6.7%
• Asia Pacific: Largest market in 2024

Competitive Landscape

Leading companies operating in the market include ABB Limited, Siemens AG, and TDK Electronics AG, among others.

• ABB Limited is a global leader in power and automation technologies, operating in over 100 countries with a workforce of around 110,000 employees. The company provides innovative products and systems that help customers in utilities, transportation, and industry enhance operational performance and reduce carbon emissions.
• Siemens AG, headquartered in Munich, Germany, is a key player in electrical engineering and electronics. With over 300,000 employees, Siemens serves industries such as manufacturing, healthcare, transportation, and infrastructure, offering solutions that promote energy efficiency and sustainability.

Key Companies

• ABB
• Crompton Greaves Consumer Electricals Limited
• Fuji Electric Co., Ltd.
• Specialty Product Technologies
• Larsen & Toubro Limited
• Rockwell Automation
• Schneider Electric
• Siemens
• TDK Electronics AG
• Toshiba Corporation

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Conclusion

The global vacuum contactor market is poised for consistent growth, supported by the rapid industrial transformation, smart grid advancements, and the ongoing global shift toward energy-efficient technologies.

Spring Market Expands with Advanced Manufacturing and Design Technologies

The global spring market size was estimated at USD 11,796.6 million in 2024 and is projected to reach USD 16,278.8 million by 2030, growing at a CAGR of 5.6% from 2025 to 2030. Market growth is primarily driven by the rising demand for springs across multiple end-use sectors, including automotive, manufacturing, agriculture, and forestry, which continue to be key contributors to global expansion.

The automotive industry remains one of the major growth drivers, as springs play an indispensable role in critical systems such as suspension, braking, and interior components. With no practical substitutes for springs in many vehicle applications, the ongoing expansion of the global automotive sector directly fuels demand for helical, coil, and leaf springs. This highlights the essential contribution of springs in ensuring ride comfort, safety, and structural reliability.

Moreover, advancements in automation and computer-aided manufacturing technologies such as CAD (Computer-Aided Design) and CAM (Computer-Aided Manufacturing) are transforming the spring production landscape. These innovations allow manufacturers to create complex and precise geometries, enhancing consistency, scalability, and quality. Improved production efficiency also enables higher output, reduces material waste, and meets the evolving requirements of diverse industries worldwide.

The relatively low initial investment and strong return potential have made spring manufacturing increasingly attractive to new entrants. This competitive market, comprising both local and international manufacturers, encourages continuous innovation and process optimization. Additionally, as exports continue to form a significant portion of overall sales, global trade trends and foreign demand remain influential factors shaping market performance.

Key Market Trends & Insights

• Asia Pacific dominated the global market with a 37% share in 2024.
• The U.S. spring market is expected to witness strong growth, supported by robust automotive and aerospace industries.
• By type, the helical spring segment led the market with a share of over 43% in 2024.
• By industry end use, the automotive and transportation segment accounted for the largest market share in 2024.

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Market Performance

• 2024 Market Size: USD 11,796.6 Million
• 2030 Projected Market Size: USD 16,278.8 Million
• CAGR (2025–2030): 5.6%
• Asia Pacific: Largest market in 2024

Competitive Landscape

The global spring market is characterized by a balanced mix of established leaders and emerging innovators, all competing to strengthen their market position through product development, customization, and technological advancement.

• Lee Spring Company is a globally recognized manufacturer specializing in precision springs, wire forms, and related components. With a broad portfolio of stock and custom springs, the company serves diverse industries including automotive, medical, aerospace, and electronics. Lee Spring’s focus on engineering excellence, international compliance, and rapid delivery—along with its investments in automation and material science—continues to reinforce its global leadership.
• Barnes is another key market player offering engineered spring and stamping solutions for high-performance applications. With decades of experience, Barnes caters to transportation, aerospace, medical, and industrial sectors. Its strength lies in R&D capabilities, customization, and precision design, which enable it to deliver reliable and application-specific solutions to clients worldwide.

Emerging players such as Torquesprings and GALA GROUP GmbH are gaining prominence through innovation and adaptability.

• Torquesprings is known for its custom torsion and helical spring solutions designed for specialized industrial and mechanical applications. The company’s use of advanced manufacturing technologies and client-specific engineering has positioned it as a fast-growing and agile market entrant.
• GALA GROUP GmbH, a rising European manufacturer, produces precision springs and metal components for the automotive, electronics, and machinery sectors. The company emphasizes quality assurance, material innovation, and sustainability, leveraging automated production systems to enhance efficiency and maintain high performance standards.

Key Companies

• Ace Wire Spring & Form Company, Inc.
• Bal Seal Engineering
• Lee Spring Company
• Barnes
• Bansbach Easylift GmbH
• GALA GROUP GmbH
• Torquesprings
• Tufcot Engineering Ltd
• Hendrickson USA, L.L.C.
• John Evans' Sons LLC

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Conclusion

The spring market continues to expand steadily, supported by robust demand from core industries such as automotive, aerospace, and manufacturing. Technological advancements in design and automation, along with growing global trade and industrialization, are driving production efficiency and innovation. As sustainability, precision engineering, and customization become top priorities, both established manufacturers and emerging players are well-positioned to capture new growth opportunities in the years ahead.

Sports Bra Market Gains Momentum from Ergonomic and Functional Design Enhancements

The global sports bra market size was valued at USD 7,791.9 million in 2023 and is projected to reach USD 11,496.6 million by 2030, growing at a CAGR of 6.1% from 2024 to 2030. The market’s growth is primarily driven by the increasing participation of women in sports, fitness routines, and physical activities worldwide.

This surge aligns with a broader global shift toward healthier lifestyles and the widespread adoption of fitness culture. The athleisure trend, where activewear doubles as casual, everyday attire, has significantly boosted demand for versatile, stylish, and comfortable sports bras suitable for both athletic and leisure use.

An increasing emphasis on size inclusivity is also expanding the consumer base. Brands that provide a comprehensive range of sizes and fits catering to diverse body types are witnessing growing demand, as consumers seek products that combine comfort, performance, and support. Moreover, social media influencers and celebrity endorsements have played a crucial role in driving brand awareness and product popularity, particularly among younger demographics.

Sustainability has emerged as a defining trend in the market. Consumers are increasingly drawn to products made from eco-friendly and ethically sourced materials, pushing brands to adopt environmentally responsible production practices. Companies integrating sustainability into their operations are gaining a competitive edge and stronger brand loyalty.

Additionally, the rising preference for customized and activity-specific sports bras reflects a growing focus on personalization. Consumers are seeking tailored products that provide the right fit and functionality for various workout intensities and body types. Innovations in design, materials, and performance technologies—such as improved moisture control and enhanced support for high-impact activities—are creating new growth opportunities and reinforcing brand differentiation in a competitive marketplace.

Key Market Trends & Insights

• Asia Pacific held a market share of 34.89% in 2023.
• The U.S. is projected to grow at a significant CAGR from 2024 to 2030.
• By padding, the unpadded sports bra segment accounted for 64.86% of global revenue in 2023.
• By distribution channel, the offline segment captured a revenue share of 74.57% in 2023.

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Market Performance

• 2023 Market Size: USD 7,791.9 Million
• 2030 Projected Market Size: USD 11,496.6 Million
• CAGR (2024–2030): 6.1%
• Asia Pacific: Largest market in 2023

Competitive Landscape

The sports bra market is highly competitive, featuring a diverse mix of global brands and regional players employing strategic initiatives to expand market presence and appeal to a wider audience. Companies are actively broadening product portfolios to address a variety of consumer needs—offering inclusive size ranges, activity-specific designs, and technologically advanced materials that enhance support, comfort, and performance.

Sustainability remains a central focus for many leading brands. Manufacturers are incorporating eco-friendly fabrics, adopting ethical manufacturing processes, and promoting responsible consumption to attract environmentally conscious consumers. Continuous innovation in design and performance features allows companies to strengthen brand loyalty and differentiate themselves within a crowded marketplace.

Key Companies

• Adidas AG
• Berkshire Hathaway
• Calvin Klein
• Giorgio Armani S.p.A.
• Hanesbrands Inc.
• Hugo Boss AG
• Jockey International, Inc.
• Mack Weldon
• Nike, Inc.
• Puma SE

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Conclusion

The sports bra market is set for steady expansion, driven by the rise of fitness culture, the growing popularity of athleisure, and increasing consumer demand for inclusive, sustainable, and high-performance apparel. As innovation, personalization, and eco-consciousness continue to shape market trends, brands that combine functionality with fashion are well-positioned to capture long-term growth.

Skill Gaming Market Witnesses Growth Through Integration of Social and Skill-Based Play

The global skill gaming market size was valued at USD 40.85 billion in 2024 and is projected to reach USD 92.03 billion by 2030, expanding at a CAGR of 14.2% from 2025 to 2030. The market is experiencing robust growth fueled by the rising popularity of mobile-based gaming platforms, increased internet penetration, and a surge in demand for real-money competitions that emphasize player skill rather than chance.

The growing preference for personalized gaming experiences is driving the integration of AI-powered recommendation systems across skill gaming platforms. By analyzing player behavior, skill levels, and in-game interactions, companies are curating customized challenges, rewards, and content. This personalized engagement enhances user satisfaction, extends average session times, and boosts player retention. Firms investing in intelligent matchmaking systems and adaptive content delivery are gaining a strong competitive advantage in user monetization and long-term engagement.

At the same time, regulatory developments are reshaping the global skill gaming landscape. Governments in both developed and emerging economies are increasingly distinguishing games of skill from games of chance, offering much-needed legal clarity to the industry. These supportive frameworks enable operators to expand while maintaining compliance with local laws. The evolution of progressive digital gaming policies is also attracting institutional investment, strengthening market credibility, and unlocking new growth avenues for the sector.

Key Market Trends & Insights

• The Asia Pacific skill gaming market accounted for the largest market share of over 52% in 2024.
• The U.S. dominated the North America skill gaming market with a share of over 67% in 2024.
• Based on game genre, the card-based segment led the market with a share of over 34% in 2024.
• Based on skill type, the physical segment accounted for the highest market share in 2024.
• Based on gaming platform, the desktop segment held the largest market share in 2024.

Download a free sample PDF of the Skill Gaming Market Intelligence Study, published by Grand View Research.

Market Performance

• 2024 Market Size: USD 40.85 Billion
• 2030 Projected Market Size: USD 92.03 Billion
• CAGR (2025–2030): 14.2%
• Asia Pacific: Largest market in 2024

Competitive Landscape

The skill gaming market is characterized by a mix of established gaming companies and emerging developers striving to capture a share of this rapidly expanding space.

• DraftKings is a leader in daily fantasy sports and skill-based sports betting, combining user knowledge and strategic gameplay to create interactive, real-money gaming experiences. The company continues to expand into casino-style and mobile skill games, enhancing engagement through competitive formats.
• Playtika specializes in mobile-first social and skill-based titles, particularly in the puzzle and card segments, with hits like Solitaire and Bingo Blitz. Its data-driven development model and strong gamification strategies focus on long-term player retention and monetization.
• Scopely is gaining traction in mobile skill gaming through competitive and interactive titles such as Scrabble GO and Star Trek Fleet Command. Known for its acquisition and scaling of IP-based games, Scopely leverages strategic gameplay and social competition to enhance engagement.
• Niantic, renowned for Pokémon GO, continues to pioneer augmented reality (AR) and geolocation-based skill games. Its focus on real-world movement, strategy, and experiential play bridges the physical and digital worlds, pushing the boundaries of the skill gaming industry.

Key Companies

• Skillz
• DraftKings
• FanDuel
• Playtika
• Zynga (Take-Two Interactive)
• Activision Blizzard
• Ubisoft
• Electronic Arts (EA)
• Supercell
• Tencent Games
• Niantic
• Scopely

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Conclusion

The skill gaming market is poised for significant expansion, supported by the increasing adoption of mobile gaming, the integration of AI-driven personalization, and favorable regulatory environments. As competition intensifies, innovation in gameplay mechanics, real-money formats, and immersive technologies will remain key to capturing and retaining the modern digital gamer.

Rosemary Hair Care Products Market Accelerates with Innovation in Sustainable Manufacturing Processes

The global rosemary hair care products market was valued at USD 980.8 million in 2023 and is projected to reach USD 1.51 billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030. The market is witnessing robust growth, primarily driven by rising consumer awareness of the benefits of natural and organic products, the increasing prevalence of hair loss and thinning, and the growing preference for clean-label personal care solutions.

Rosemary oil, recognized for its antioxidant, anti-inflammatory, and antimicrobial properties, is gaining significant traction across various applications, including cosmetics, personal care, and aromatherapy. Consumers are increasingly drawn to natural ingredients, perceiving them as safer and healthier alternatives to synthetic formulations. This shift in preference is encouraging manufacturers to integrate rosemary oil into their product lines, thereby fueling overall market expansion.

According to the American Hair Loss Association, more than 95% of hair loss in men is due to androgenetic alopecia, commonly known as male pattern baldness (MPB). By the age of 35, nearly two-thirds of American men experience visible hair loss, and by 50, approximately 85% have significantly thinning hair. Furthermore, around 25% of men with MPB begin losing hair before the age of 21. The rising prevalence of androgenetic alopecia is expected to drive demand for rosemary oil-based hair care solutions, as consumers increasingly seek natural and effective remedies for hair growth and scalp health. With its proven potential to stimulate hair follicles and improve scalp circulation, rosemary oil is emerging as a preferred choice for addressing hair thinning and loss, spurring innovation across product categories such as oils, serums, shampoos, and conditioners.

The rapid expansion of e-commerce platforms and the digitalization of retail are further strengthening the global market’s growth. Online retail channels offer consumers convenient access to a wide variety of essential oils and natural hair care products, supported by reviews and detailed product descriptions that enable informed purchasing decisions. The ease of online shopping, combined with rising smartphone usage and improved internet connectivity, is boosting sales significantly. Additionally, digital marketing and social media campaigns are enhancing consumer awareness, brand engagement, and product visibility, contributing to the continued momentum of the rosemary hair care products market.

Key Market Trends & Insights

• North America accounted for 33.78% of the global revenue in 2023.
• By product, the rosemary shampoo and conditioner segment held a 41.29% market share in 2023.
• By end-use, the women segment represented 71.95% of the market in 2023.
• By distribution channel, the supermarkets and hypermarkets segment accounted for 34.06% of the market share in 2023.

Download a free sample PDF of the Rosemary Hair Care Products Market Intelligence Study, published by Grand View Research.

Market Performance

• 2023 Market Size: USD 980.8 Million
• 2030 Projected Market Size: USD 1.51 Billion
• CAGR (2024–2030): 6.5%
• Leading Region (2023): North America

Competitive Landscape

The competitive landscape of the rosemary hair care products market comprises a mix of established global brands and emerging niche players competing for market share within a rapidly expanding segment. Industry leaders such as L’Oréal, Procter & Gamble (P&G), and Unilever dominate due to their extensive distribution networks, strong brand equity, and ongoing product innovation.

At the same time, smaller brands and startups are gaining traction by appealing to consumers’ preference for natural and organic ingredients, offering distinctive formulations, and leveraging digital marketing to connect directly with target audiences. This dynamic environment has led companies to invest significantly in R&D, strategic collaborations, and brand marketing to differentiate their offerings and capture a larger share of the growing market.

Recent Developments

• January 2023: Mielle Organics, a leading manufacturer of rosemary hair oil, entered a strategic partnership with Procter & Gamble (P&G) to enhance global access to healthy hair products for Black women. This collaboration enables Mielle Organics to reach a broader consumer base with textured hair by utilizing P&G’s extensive distribution network.
• December 2023: Dabur India Ltd., a leading natural personal care company, launched Dabur Vatika Rosemary Hair Growth Oil, enriched with rosemary, hibiscus, and coconut. This new product, introduced under the Vatika brand, aims to address common hair-related concerns and strengthen Dabur’s position in the natural hair care segment.

Key Companies

• The Procter & Gamble (P&G) Company
• L'Oréal S.A.
• Unilever PLC
• The Estée Lauder Companies Inc.
• Moroccanoil
• Johnson & Johnson
• Avalon Organics
• As I Am
• John Masters Organics Inc.
• Renpure Ltd (MAV Beauty Company)

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Conclusion

The global rosemary hair care products market is on a strong growth trajectory, supported by increasing consumer inclination toward natural and organic solutions, growing concerns over hair loss, and the expanding reach of digital retail. As brands continue to innovate through new formulations and sustainable packaging, rosemary-based hair care products are expected to play a vital role in shaping the future of the global hair care industry.

Rice Wine Market Growth Driven by Rising Popularity of Traditional Asian Beverages

The global rice wine market was valued at USD 4.90 billion in 2023 and is projected to reach USD 6.51 billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030. Rice wine—commonly known as sake in Japan and cheongju in Korea—is a traditional fermented alcoholic beverage crafted from rice, water, yeast, and koji.

Once primarily associated with Asian cuisine, rice wine is now witnessing growing international demand, attracting consumers seeking unique flavors, lower alcohol content, and health-conscious beverage options. The global beverage landscape is shifting, with consumers increasingly exploring alternatives to conventional drinks such as beer and spirits. Rice wine, with its delicate sweetness, subtle floral aromas, and adaptability in both culinary and cocktail applications, perfectly aligns with this evolving consumer preference for sophisticated and novel flavor experiences.

The rising global popularity of Japanese, Chinese, and Korean cuisines has significantly boosted the demand for rice wine as a complementary beverage. Its use in cooking, cocktails, and fine dining further enhances its versatility and appeal. Moreover, the perceived health benefits of rice wine—such as lower alcohol levels and potential antioxidant properties—are drawing interest from health-conscious consumers. Rising disposable incomes in markets such as China, South Korea, and India are also driving the consumption of premium and luxury alcoholic beverages, including high-quality rice-based products. Additionally, the expanding tourism industry across Asia is introducing global travelers to rice wine, creating long-term demand among international consumers.

Technological advancements in brewing and fermentation are shaping the market’s evolution. Producers are introducing innovative flavors, low-alcohol variants, and premium-quality products to cater to changing consumer preferences. The growing focus on sustainability has also encouraged the adoption of organic farming practices and eco-friendly packaging, aligning with the values of environmentally conscious consumers. This combination of tradition, innovation, and ethical production is propelling the global rice wine market forward.

Key Market Trends & Insights

• Asia Pacific accounted for the largest market share of over 75% in 2023.
• China is projected to grow at a CAGR of about 3.9% from 2024 to 2030.
• By product, the sake wine segment dominated the market with a 44.6% revenue share in 2023.
• By distribution channel, the offline segment accounted for a 75.5% share in 2023.

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Market Performance

• 2023 Market Size: USD 4.90 Billion
• 2030 Projected Market Size: USD 6.51 Billion
• CAGR (2024–2030): 4.3%
• Leading Region (2023): Asia Pacific

Competitive Landscape

The global rice wine market is highly competitive, with key players investing heavily in research and development (R&D) to enhance product quality and introduce innovative flavors tailored to evolving consumer preferences. Companies are pursuing strategies such as new product launches, regional expansion, and strategic partnerships with local distributors and retailers to strengthen their market position.

Collaborations with restaurants, retailers, and culinary influencers are also helping to increase brand visibility and introduce rice wine to new audiences. Moreover, producers are actively expanding into emerging markets with rising disposable incomes and growing appreciation for Asian beverages, further broadening the industry’s global reach.

Recent Developments

• February 2024: South Korean ballad singer Sung Si-kyung launched a new Korean rice wine in collaboration with startup brewery J1, under his liquor brand Kyungtakju.
• January 2023: Asahi Shuzo Co. announced plans to establish a USD 53 million sake production facility on the U.S. East Coast. This strategic expansion is aimed at strengthening the company’s market share and enhancing its presence in the North American market.

Key Companies

• Asahi Shuzo Co., Ltd.
• Dewazakura Sake Brewery Co., Ltd.
• China Shaoxing Yellow Rice Wine Group Co., Ltd.
• Hiro Sake LLC.
• Kokuryu
• Kooksoondang Brewery Co. Ltd.
• Kuaijishan Shaoxing Wine Co., Ltd.
• Ozeki Sake (U.S.A.), Inc.
• Takara Holdings Inc.
• Yaegaki Corporation of USA

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Conclusion

The global rice wine market is set for steady expansion, supported by rising international interest in Asian cuisines, growing consumer demand for unique and premium beverages, and advancements in sustainable production. With its blend of cultural heritage, innovation, and increasing global accessibility, rice wine is positioned to become a prominent choice in the global alcoholic beverage market.

 

Reverse Mortgage Market Witnesses Expansion in Emerging Economies with Aging Populations

The global reverse mortgage market was valued at USD 1.83 billion in 2023 and is projected to reach USD 2.71 billion by 2030, growing at a CAGR of 5.9% from 2024 to 2030. The market’s growth is primarily driven by an aging global population, rising retirement funding needs, and increasing home values and equity.

Growing awareness and education surrounding reverse mortgages are further boosting their adoption, as more retirees recognize the financial stability these products can provide. With better understanding, seniors are increasingly viewing reverse mortgages as a strategic tool for maintaining independence and securing supplemental income during retirement.

The global population is aging rapidly, with the number of individuals aged 65 years and above expected to double by 2050. This demographic shift is a key factor fueling demand for reverse mortgages, as retirees seek additional income sources to support daily living and cover escalating healthcare expenses. Given that home equity remains one of the largest financial assets for seniors, reverse mortgages offer a way to unlock this value without the need to sell or vacate their homes. As the need for alternative retirement funding solutions continues to rise, the market is expected to expand steadily over the forecast period.

Reverse mortgage providers are focusing on innovation and product diversification to better cater to the evolving needs of borrowers. The introduction of flexible loan options, such as adjustable-rate and jumbo reverse mortgages for high-value properties, has broadened the market’s reach. Additionally, simplified application procedures and enhanced consumer education initiatives have reduced the stigma surrounding reverse mortgages, making them more accessible to a wider demographic.

Technological advancements, including virtual consultations, automated underwriting, and digital document management, have streamlined the borrowing process, cutting processing times and increasing transparency. These innovations not only attract tech-savvy seniors but also make reverse mortgages more efficient and user-friendly, further driving market growth.

Key Market Trends & Insights

• North America accounted for the largest market share of 35.2% in 2023.
• By type, the Home Equity Conversion Mortgages (HECMs) segment dominated the market, holding an 81.8% share of global revenue in 2023.
• By application, the debt segment led the market in 2023.

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Market Performance

• 2023 Market Size: USD 1.83 Billion
• 2030 Projected Market Size: USD 2.71 Billion
• CAGR (2024–2030): 5.9%
• Leading Region (2023): North America

Competitive Landscape

Leading players in the reverse mortgage market are pursuing strategies such as product innovation, geographic expansion, and strategic partnerships to strengthen their market position and gain a competitive edge.

Recent Developments

• April 2024: Portfolio+ Inc., a Canadian financial technology provider, expanded its lending solutions by launching a new reverse mortgage product. This offering enables lenders to serve clients aged 55 and older, allowing them to access tax-free home equity as part of their retirement planning. The initiative enhances Portfolio+’s position as a comprehensive provider of financial services systems and technologies.

Key Companies

• American Advisors Group
• Finance of America Reverse
• Reverse Mortgage Funding
• Liberty Home Equity Solutions
• One Reverse Mortgage
• Mutual of Omaha Mortgage
• HighTechLending
• Fairway Independent Mortgage Corporation
• Open Mortgage
• Longbridge Financial

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Conclusion

The global reverse mortgage market is poised for steady expansion, supported by demographic trends, rising property values, and increasing demand for retirement income solutions. As financial institutions continue to innovate and streamline offerings, reverse mortgages are expected to become an increasingly vital tool for senior financial planning, contributing to sustainable growth across global markets.

Reflective Material Market Driven by Surge in Road and Traffic Safety Applications

The global reflective materials market was valued at USD 14.2 billion in 2023 and is projected to reach USD 21.9 billion by 2030, expanding at a CAGR of 6.4% from 2024 to 2030. This steady growth is mainly attributed to the rising emphasis on safety across diverse industries such as automotive, construction, and textiles, where reflective materials play a vital role in enhancing visibility and protection.

The automotive sector remains a key growth driver, with manufacturers increasingly incorporating reflective materials into vehicle designs to improve safety. Moreover, the growing focus on road safety, fueled by alarming statistics related to traffic-related fatalities, has accelerated the adoption of reflective products such as tapes, barriers, and paints—integral components in traffic management and infrastructure safety.

The reflective materials market is highly diversified, encompassing a wide range of products including reflective fabrics, sheets, paints, coatings, and specialty materials, catering to a broad spectrum of industrial and consumer applications.

According to the World Health Organization (WHO), nearly 1.35 million lives are lost every year due to road crashes, underscoring the urgent need for comprehensive road safety initiatives. This concerning figure has prompted governments, transport authorities, and safety organizations worldwide to invest heavily in advanced technologies and infrastructure where reflective materials serve as key enablers of safety and accident prevention.

In addition, the adoption of light-reflective paints is rising in warmer regions, helping to lower indoor temperatures, reduce electricity consumption, and minimize UV-induced damage to furnishings and fabrics. Looking ahead, the market is expected to witness growing trends such as the use of sustainable materials and the integration of smart technologies, enhancing both the functionality and appeal of reflective products. With industries increasingly prioritizing safety and innovation, the reflective materials market is positioned for strong and lucrative growth, offering substantial opportunities for manufacturers and stakeholders.

Key Market Trends & Insights

• Asia Pacific dominated the global market, accounting for the largest revenue share of 33.4% in 2023.
• China led the Asia Pacific market in 2023.
• By product, the reflective sheet segment held the largest revenue share of 22.7% in 2023.
• By application, the construction & road segment dominated, accounting for 32.0% of total revenue in 2023.

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Market Performance

• 2023 Market Size: USD 14.2 Billion
• 2030 Projected Market Size: USD 21.9 Billion
• CAGR (2024–2030): 6.4%
• Leading Region (2023): Asia Pacific

Competitive Landscape

Key players in the global reflective materials market include 3M, AVERY DENNISON CORPORATION, Paiho Group, SKC, ORAFOL Europe GmbH, DM Reflective India, and Changzhou Hua R Sheng Reflective Material Co., Ltd. These companies are focused on product innovation and strategic development to maintain a competitive edge in the industry.

• Avery Dennison Corporation offers a wide portfolio of pressure-sensitive materials, labeling solutions, and functional materials such as graphic and reflective products that enhance visibility and safety. Its reflective films, tapes, and labels serve diverse industries including automotive, construction, and outdoor apparel.
• ORAFOL Europe GmbH provides a comprehensive range of retroreflective sheetings widely used for traffic signs, vehicle markings, and safety apparel. The company also produces reflective films and tapes tailored for industrial and infrastructure applications, ensuring high visibility and compliance with global safety standards.

Key Companies

• 3M
• AVERY DENNISON CORPORATION
• Paiho Group
• SKC
• ORAFOL Europe GmbH
• DM Reflective India
• Changzhou Hua R Sheng Reflective Material Co., Ltd.
• Yeshili NEW Materials Co., Ltd
• CHINASTARS
• Reflomax Co., Ltd

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Conclusion
The global reflective materials market is on a promising growth trajectory, fueled by advancements in safety technologies, government initiatives for road safety, and rising adoption across automotive and construction sectors. With increasing focus on sustainability and smart innovation, the market presents ample opportunities for growth and development in the years ahead.

Real Estate Market Growth Fueled by PropTech and Digital Solutions

The global real estate market was valued at USD 4,130.01 billion in 2024 and is projected to reach USD 5,852.02 billion by 2030, growing at a CAGR of 6.2% from 2025 to 2030. The market expansion is driven by factors such as rising global population, increasing demand for personal household space, and growth in commercial real estate, fueled by e-commerce, hybrid work models, and infrastructure development.

The residential sector is witnessing growing demand for larger living spaces, as urbanization and lifestyle changes prompt consumers to prioritize comfort and privacy. Concurrently, commercial real estate continues to grow, driven by logistics and warehouse demand, workplace redesigns, and retail and hospitality recovery. Initiatives such as live-streaming real estate tours and Smart City projects are also enhancing market accessibility and consumer engagement.

Key Market Trends & Insights

• Asia Pacific accounted for a significant market share of 52.8% in 2024.
• India has witnessed notable growth in its real estate sector.
• By property type, residential property held 35.33% of the revenue share in 2024.
• By transaction type, rental properties captured approximately 51.4% of the market in 2024.

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Market Performance

• 2024 Market Size: USD 4,130.01 Billion
• 2030 Projected Market Size: USD 5,852.02 Billion
• CAGR (2025–2030): 6.2%
• Asia Pacific: Largest market in 2024

Competitive Landscape

The real estate market is fragmented with several global and regional players diversifying their services to maintain market share. Key strategies include expansion, acquisitions, and innovation in property management and technology adoption.

Key Companies

• Brookfield Asset Management Inc.
• ATC IP LLC.
• Prologis, Inc.
• SIMON PROPERTY GROUP, L.P.
• Coldwell Banker
• RE/MAX, LLC.
• Keller Williams Realty, Inc.
• CBRE Group, Inc.
• Sotheby’s International Realty Affiliates LLC.
• Colliers

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Conclusion

The global real estate market is set for steady growth, underpinned by population growth, increased residential demand, expansion of commercial spaces, and technological adoption in property services. With Asia Pacific leading the market and India emerging as a key growth hub, the industry is poised to benefit from both urbanization and innovative real estate solutions.

 

Ready-to-Drink Mocktails Market Growth Driven by Health-Conscious Consumers

The global ready-to-drink mocktails market was valued at USD 8.26 billion in 2023 and is projected to reach USD 12.15 billion by 2030, growing at a CAGR of 5.7% from 2024 to 2030. The market growth is driven by shifting consumer preferences toward healthier lifestyle choices, rising demand for non-alcoholic beverages, evolving social trends, innovative product offerings, and convenience-oriented consumption patterns.

Health and wellness considerations are a primary growth driver, particularly among Gen Z and millennial consumers, who actively seek beverages that align with their wellness goals. Social trends, including the “sober curious” movement, are reshaping perceptions of alcohol consumption, highlighting non-alcoholic options as socially acceptable and trendy alternatives. Social media influencers and lifestyle campaigns further amplify these preferences, contributing to the growing popularity of RTD mocktails.

Additionally, convenience and accessibility of RTD mocktails through online and offline retail channels appeal to busy consumers seeking pre-mixed, ready-to-consume beverages. The combination of health consciousness, social acceptance, and easy availability is driving broader adoption globally.

Key Market Trends & Insights

• North America held the largest revenue share of 27.38% in 2023.
• Asia Pacific is projected to grow at a CAGR of 6.5% from 2024 to 2030.
• By type, the virgin mojitos segment accounted for 24.3% revenue share in 2023.
• By flavor, the flavored segment held 70.3% market share in 2023, expected to grow at a CAGR of 6.2%.
• By distribution channel, the retail segment captured 75.2% revenue share in 2023, with anticipated growth at CAGR of 6.5%.

Download a free sample PDF of the Ready To Drink Mocktails Market Intelligence Study, published by Grand View Research.

Market Performance

• 2023 Market Size: USD 8.26 Billion
• 2030 Projected Market Size: USD 12.15 Billion
• CAGR (2024–2030): 5.7%
• North America: Largest market in 2023
• Asia Pacific: Fastest growing market

Competitive Landscape

Leading players in the RTD mocktails market drive growth through innovation, flavor diversification, strategic marketing campaigns, and partnerships. Prominent companies include:

Key Companies

• Mocktail Beverages
• The Mocktail Company
• Sipling Beverage Co.
• Curious Elixirs
• Mocktail Drinks Ltd.
• Keurig Dr Pepper Inc.
• Mocktails Uniquely Crafted
• Free AF
• Molson Coors
• CRAVOVA

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Conclusion

The RTD mocktails market is poised for steady growth, fueled by health-conscious consumer trends, social acceptance of non-alcoholic beverages, innovative product offerings, and convenient consumption options. With increasing global adoption and market expansion in Asia Pacific and North America, RTD mocktails are set to become a mainstream alternative to traditional alcoholic beverages.

 

Quantum AI Market: Quantum Algorithms Transforming AI Performance

The global quantum AI market size was estimated at USD 341.8 million in 2024 and is projected to reach USD 2.01 billion by 2030, growing at a CAGR of 34.6% from 2025 to 2030. The market growth is fueled by advancements in quantum computing, which enable AI algorithms to process vast datasets and uncover patterns beyond the reach of classical computers. This integration of AI and quantum technologies is expected to transform industries such as finance, healthcare, logistics, and manufacturing by enhancing predictive accuracy, optimization, and real-time decision-making capabilities.

Investments in quantum algorithms and hardware are accelerating, with early adopters exploring quantum-enhanced AI solutions for data-intensive and high-computation tasks. Ongoing improvements in quantum processors and algorithms are making quantum computing more stable and practical, thereby expanding its application potential in AI-driven problem-solving, optimization, and predictive modeling.

Key Market Trends & Insights

• North America dominated the market with a 39.8% share in 2024.
• By component, the hardware segment led, accounting for 38.1% of global revenue in 2024.
• The on-premises deployment model held the largest revenue share.
• By application, machine learning & optimization accounted for the largest market revenue in 2024.

Download a free sample PDF of the Quantum AI Market Intelligence Study, published by Grand View Research.

Market Performance

• 2024 Market Size: USD 341.8 Million
• 2030 Projected Market Size: USD 2.01 Billion
• CAGR (2025–2030): 34.6%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

Competitive Landscape

Companies are employing product launches, expansions, partnerships, collaborations, and acquisitions to strengthen market positions. Notable developments include:

• Zapata Computing Holdings Inc. (July 2024): Expanded collaboration with D-Wave Quantum Inc. to advance integrated quantum and generative AI solutions for enhanced model training efficiency.
• Amazon Web Services (AWS): Provides cloud-based resources and AI/quantum experimentation tools through its Free Tier, supporting startups and businesses globally.
• IBM Corporation: Offers the IBM Quantum Platform and modular IBM Quantum System Two, advancing cloud-accessible quantum computing and AI integration.

Key Companies

• Amazon Web Services
• D-Wave Quantum Inc.
• Fujitsu
• Google LLC
• Hitachi, Ltd.
• IBM Corporation
• Intel Corporation
• Microsoft
• SandboxAQ
• Toshiba Corporation

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Conclusion

The quantum AI market is poised for rapid expansion, driven by the need for faster, more accurate, and complex data processing. Integration of quantum computing with AI offers transformative potential across multiple industries, enabling advanced predictive analytics, optimization, and real-time decision-making. As quantum hardware and algorithms mature, adoption is expected to accelerate, creating new opportunities for innovation and competitive differentiation.

 

Power Tool Batteries Market: Battery Swapping Tech Boosts Productivity

The global power tool batteries market size was estimated at USD 2.61 billion in 2024 and is projected to reach USD 4.49 billion by 2030, growing at a CAGR of 9.5% from 2025 to 2030. The market growth is primarily driven by the rising demand for cordless power tools across both professional and DIY applications, coupled with ongoing technological advancements in battery technology.

Key factors supporting market expansion include lithium-ion battery innovations, energy-efficient solutions, and the shift toward battery-powered equipment over traditional corded tools. Favorable regulations promoting sustainable construction practices and the trend toward electrification in the tools industry further reinforce adoption. Advancements in battery chemistry, thermal management, and modular designs enable faster charging, higher energy density, enhanced safety, and cross-compatibility across multiple tools within a brand ecosystem. Emerging models like Battery-as-a-Service (BaaS) provide users access to advanced batteries without heavy upfront costs, particularly in rapidly urbanizing regions such as Asia Pacific.

Challenges such as high costs of advanced batteries, recycling complexities, and thermal safety concerns persist. However, continued R&D, regulatory support, and standardization initiatives are expected to mitigate these hurdles over time.

Key Market Trends & Insights

• North America accounted for the largest regional revenue share at 39.24% in 2024.
• The U.S. market is driven by technological advancements and growing adoption of cordless tools.
• By type, lithium-ion batteries dominated with over 62.43% revenue share in 2024.
• By application, the industrial segment held the largest share at 42.11% in 2024.

Download a free sample PDF of the Power Tool Batteries Market Intelligence Study, published by Grand View Research.

Market Performance

• 2024 Market Size: USD 2.61 Billion
• 2030 Projected Market Size: USD 4.49 Billion
• CAGR (2025–2030): 9.5%
• North America: Largest market in 2024

Competitive Landscape

Key players are leveraging product launches, partnerships, and R&D initiatives to capture market share. Notable developments include:

• Makita Corporation (Feb 2024): Launched 40V max XGT lithium-ion battery line for higher power output and longer runtime for heavy-duty tools.
• Stanley Black & Decker Inc. (Jan 2024): Partnered with a battery technology firm to co-develop next-generation solid-state batteries, improving energy density, charging speed, and safety.

Key Companies

• Bosch Ltd
• Hilti Corporation
• Hitachi Ltd
• Makita Corporation
• Panasonic Corporation
• Ryobi Limited
• Samsung SDI Co. Ltd
• Sony Group Corporation
• Stanley Black & Decker Inc.
• Techtronic Industries Company Limited

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Conclusion

The power tool batteries market is set for robust growth, driven by the shift toward cordless tools, technological advancements in battery systems, and sustainable practices. Innovations in energy density, modular designs, and charging technologies, coupled with supportive regulatory frameworks, are expected to further expand market adoption across industrial, commercial, and residential segments worldwide.

 

On-device AI Market Growth Fueled by Edge Computing Advancements

The global on-device AI market size was estimated at USD 8.60 billion in 2024 and is projected to reach USD 36.64 billion by 2030, growing at a CAGR of 27.8% from 2025 to 2030. The market growth is driven by advances in AI technologies, increasing demand for real-time data processing, and rising concerns around data privacy and security.

On-device AI allows devices to process data locally, reducing reliance on cloud infrastructure. The proliferation of IoT devices, smart home gadgets, and mobile applications has fueled the need for instant processing, which enhances user experience while protecting sensitive data and reducing power consumption. This is particularly important in sectors like healthcare and finance, where data privacy and quick decision-making are critical. For example, Meri Life Sciences has developed on-device AI solutions for robotic-assisted surgery platforms, offering surgeons real-time 3D visualization, feedback, and predictive guidance.

Key Market Trends & Insights

• North America dominated the on-device AI market, holding 35.1% share in 2024.
• The U.S. market is growing rapidly due to demand for AI-enabled smart devices.
• By component, the hardware segment held the largest revenue share at 60.4% in 2024.
• By deployment, the cloud segment dominated the market in 2024.
• Based on technology, the machine learning (ML) segment accounted for the largest share in 2024.

Download a free sample PDF of the On-device AI Market Intelligence Study, published by Grand View Research.

Market Performance

• 2024 Market Size: USD 8.60 Billion
• 2030 Projected Market Size: USD 36.64 Billion
• CAGR (2025–2030): 27.8%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

Competitive Landscape

Key players are pursuing expansion, partnerships, and technological innovations to strengthen market presence. These initiatives aim to develop AI-enabled solutions that enhance processing efficiency, security, and user experience.

Key Companies

• Apple Inc.
• Baidu, Inc.
• Amazon.com, Inc.
• Google LLC
• Microsoft
• Intel Corporation
• NVIDIA Corporation
• Qualcomm Technologies, Inc.
• Huawei Technologies Co., Ltd.
• Arm Limited

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Conclusion

The on-device AI market is poised for significant growth, driven by technological advancements, rising adoption of smart devices, and growing emphasis on data privacy. Innovations in hardware and AI algorithms, coupled with strategic expansions by key players, are expected to accelerate market adoption across diverse sectors globally.

 

Olive Market Growth Driven by Precision Agriculture and Automation

The global olive market size was estimated at USD 25.5 billion in 2023 and is projected to reach USD 38.4 billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030. The market growth is largely driven by increasing consumer awareness of the health benefits associated with olives and olive oil.

Olives are rich in antioxidants and healthy fats, which contribute to heart health and overall wellness. This shift toward healthier dietary habits has fueled demand for olive oil, particularly in non-European countries where Mediterranean diets are less prevalent. Consumers are increasingly incorporating extra virgin olive oil (EVOO) into their diets, recognizing its high content of monounsaturated fats and antioxidants, which help reduce bad cholesterol (LDL) and increase good cholesterol (HDL).

However, the olive market faces certain challenges. One major restraint is the seasonal nature of olive production, which leads to fluctuations in supply and pricing. Climatic variations during the harvest season can cause significant year-on-year differences in crop yields, complicating supply chain management for producers and retailers. Another challenge is the higher cost of olive oil compared to alternative oils such as canola or sunflower oil. Price-sensitive consumers may opt for these less expensive alternatives, which can limit market growth. Additionally, the concentration of olive production in European countries—accounting for roughly 75% of global output—creates dependency on a limited number of suppliers, potentially affecting price stability and market competitiveness.

Key Market Trends & Insights

• Europe was the largest olive market, generating USD 11.5 billion in 2023.
• By product, the olive oil segment is expected to reach USD 34.40 billion by 2030.
• By application, food and beverage was the largest segment, with revenue exceeding USD 10 billion in 2023.

Download a free sample PDF of the Olive Market Intelligence Study, published by Grand View Research.

Market Performance

• 2023 Market Size: USD 25.5 Billion
• 2030 Projected Market Size: USD 38.4 Billion
• CAGR (2024–2030): 6.0%
• Europe: Largest market in 2023
• Asia Pacific: Fastest growing market

Competitive Landscape

The olive market features a diverse set of players employing strategies to expand their market presence. Leading European companies such as Deoleo SA, Farchioni Ollii SPA, and De Cecco di Filippo SPA dominate the olive oil segment through extensive product portfolios, strong branding, and innovative marketing campaigns emphasizing health benefits. These companies are expanding globally, particularly in regions outside traditional Mediterranean markets.

Key Companies

• Cargill, Incorporated (U.S.)
• Deoleo (Spain)
• Del Monte Foods, Inc. (U.S.)
• Gallo Worldwide (U.S.)
• Borges International Group, S.L.U. (Spain)
• Sovena (Portugal)
• Sun Grove Foods Inc. (U.S.)
• EU Olive Oil Ltd (UK)
• Artajo Oil (Spain)

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Conclusion

The global olive market is poised for steady growth, fueled by rising health consciousness, increasing awareness of olive oil benefits, and expanding consumption beyond traditional European markets. Challenges such as seasonal supply fluctuations and high pricing are expected to be mitigated by strategic expansions, product innovations, and marketing efforts by key players.

 

Network Processing Unit Market: 5G and Edge Computing Revolution

The global network processing unit market size was estimated at USD 7.16 billion in 2023 and is projected to reach USD 20.86 billion by 2030, growing at a CAGR of 17.1% from 2024 to 2030. Market growth is primarily driven by the escalating demand for high-performance networking solutions, as NPUs provide the computational power required to manage complex networking tasks efficiently.

With increasing data traffic across industries, NPUs ensure reliable and high-speed data transmission, while also supporting advanced security functions such as deep packet inspection and encryption to protect against cyber threats. The rise of network function virtualization (NFV) and software-defined networking (SDN) further amplifies the importance of NPUs by enabling flexible, scalable, and programmable network architectures.

Manufacturers continue to innovate, integrating technologies such as programmable logic, high-speed memory interfaces, and machine learning accelerators, allowing NPUs to perform broader networking functions with enhanced efficiency and security.

Key Market Trends & Insights

• North America accounted for a 31.3% market share in 2023, making it a dominant region.
• The U.S. network processing unit market is expected to maintain the highest market share over the forecast period.
• By product, the wired NPU segment led the market with a 54.1% revenue share in 2023.
• By application, the communications & IT segment accounted for 29.4% of global revenue in 2023.

Download a free sample PDF of the Network Processing Unit Market Intelligence Study, published by Grand View Research.

Market Performance

• 2023 Market Size: USD 7.16 Billion
• 2030 Projected Market Size: USD 20.86 Billion
• CAGR (2024–2030): 17.1%
• North America: Largest market in 2023

Competitive Landscape

Key industry players are leveraging product innovation, partnerships, mergers and acquisitions, and strategic collaborations to strengthen their market position. For instance, in August 2023, Fortinet launched the FortiGate 90G, a Secure SD-WAN appliance and Next-Generation Firewall (NGFW) featuring the Security Processing Unit 5 (SP5) ASIC. This solution provides AI-driven threat protection, scalability, and energy efficiency, enhancing Fortinet’s capability to deliver secure, unified, and intelligent networking solutions across hybrid networks.

Key Companies

• Broadcom Inc.
• Cisco Systems, Inc.
• Fortinet, Inc.
• MA Lighting
• Marvell Technology, Inc.
• NVIDIA Corporation
• Qualcomm
• Sandvine

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Conclusion

The NPU market is poised for strong growth due to rising demand for high-performance, secure, and flexible networking solutions. Continuous technological advancements, integration of AI and machine learning, and strategic partnerships among key players are expected to further propel market expansion across global data-driven industries.

 

Near-eye Display Market Growth Driven by AR and VR Innovations

The global near-eye display market size was estimated at USD 2,864.3 million in 2024 and is projected to reach USD 18,920.7 million by 2033, growing at a CAGR of 23.5% from 2025 to 2033. Market growth is being driven by the increasing demand for advanced display technologies in augmented reality (AR) and virtual reality (VR), which require higher resolution and brightness to deliver more realistic, immersive experiences.

The industry is fueled by the need for cutting-edge displays that closely replicate real-world visuals, particularly in sectors such as gaming, education, healthcare, automotive, and defense, where high-resolution imaging and interactivity are critical. Innovations in display technologies, including OLED, microLED, and OLED-on-Silicon (OLEDoS), have enabled slim, lightweight, energy-efficient panels suitable for head-mounted displays, further boosting market adoption. Additionally, strategic investments and collaborations by major technology companies, along with increasing industrial use cases, are driving the expansion of near-eye displays for both consumer and enterprise applications.

Key Market Trends & Insights

• North America dominated the global market with a revenue share of 39.6% in 2024.
• The U.S. near-eye display market led the North America region in 2024.
• By display technology, the OLED/Micro-OLED segment held the largest revenue share of 34.4% in 2024.
• By end-use, the consumer electronics segment accounted for the leading revenue share of 42.9% in 2024.
• By device type, the VR headsets segment captured the largest market revenue share in 2024.

Download a free sample PDF of the Near-eye Display Market Intelligence Study, published by Grand View Research.

Market Performance

• 2024 Market Size: USD 2,864.3 Million
• 2033 Projected Market Size: USD 18,920.7 Million
• CAGR (2025–2033): 23.5%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

Competitive Landscape

Key players in the near-eye display market are actively pursuing expansion strategies, partnerships, and technological innovations to strengthen their market positions. Emphasis on next-generation displays and enterprise-focused applications is a common growth strategy.

Key Companies

• Sony Corporation
• Seiko Epson Corporation
• BOE Technology Group Co., Ltd.
• SeeYA Technology
• eMagin
• KOPIN Corporation
• MICROOLED Technologies
• Himax Technologies, Inc.
• HOLOEYE Photonics AG
• Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd.

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Conclusion

The near-eye display market is poised for rapid growth, driven by technological advancements, increasing adoption in consumer electronics, and expanding industrial applications. Innovations in OLED and microLED technologies, along with strategic investments and partnerships, are expected to further enhance market expansion, particularly in AR and VR sectors.

 

Motorcycle Rental Market Regional Analysis: North America Leads Growth

The global motorcycle rental market size was estimated at USD 385.2 million in 2024 and is projected to reach USD 701.4 million by 2030, growing at a CAGR of 10.6% from 2025 to 2030. Increasing traffic congestion in major cities worldwide is encouraging more consumers to turn to motorcycle rentals as a convenient and efficient way to navigate urban environments. Rising awareness of environmental concerns and air pollution is also fueling the adoption of electric motorcycles among rental customers, with key market players gradually shifting from conventional petrol motorcycles to electric models.

Social media plays a pivotal role in shaping trends in the adventure motorcycle rental sector, influencing travel enthusiasts and boosting the popularity of off-road and luxury motorcycles. The demand for off-road motorcycles is growing steadily due to demographic shifts, technological advancements, and evolving travel preferences. Modern off-road motorcycles provide enhanced reliability, comfort, and technology integration, delivering an improved riding experience for adventure enthusiasts.

Key Market Trends & Insights

• North America held the largest revenue share of 34.3% in 2024.
• The U.S. motorcycle rental market is projected to grow at a CAGR of 9.6% over the forecast period.
• By product, commuter motorcycles led the market with 63.9% of global revenue in 2024.
• By type, the on-road segment dominated with 62.9% of the global revenue in 2024.
• By application, the commute segment accounted for 61.5% of revenue in 2024.

Download a free sample PDF of the Motorcycle Rental Market Intelligence Study, published by Grand View Research.

Market Performance

• 2024 Market Size: USD 385.2 Million
• 2030 Projected Market Size: USD 701.4 Million
• CAGR (2025–2030): 10.6%
• North America: Largest market in 2024

Competitive Landscape

Key players in the motorcycle rental market are leveraging brand recognition, strategic expansions, and specialized offerings to maintain a competitive edge. Companies are increasingly focusing on adventure tourism, electric motorcycles, and premium rentals to cater to evolving customer preferences.

• Edelweiss Bike Travel offers motorcycle tours and rentals across Europe, providing a wide selection of motorcycles with flexible rental durations.
• West Coast Motorcycle Hire serves enthusiasts exploring the West Coast of Australia, emphasizing quality rentals and scenic experiences.
• IMTBIKE TOURS SL specializes in premium guided motorcycle tours and rentals across Europe.
• Krabi Moto Rentals provides reliable motorcycle and scooter rentals in Krabi, Thailand, for tourists and locals alike.

Key Companies

• Aloha Motorsports
• Krabi Moto Rentals
• Edelweiss Bike Travel
• Harley-Davidson Inc.
• J.C. Bromac Corporation
• IMTBIKE TOURS SL
• Kizuki Co. Ltd.
• Orange and Black
• Rentrip Services Pvt Ltd.

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Conclusion

The motorcycle rental market is poised for robust growth, driven by urban congestion, environmental awareness, and the rising popularity of adventure and electric motorcycles. Market expansion is supported by technological advancements, social media influence, and increasing consumer preference for flexible and sustainable transportation solutions.

 

How the Magnesium Sulfate Market Is Shaping Industrial Applications

The global magnesium sulfate market size was estimated at USD 950.5 million in 2024 and is projected to reach USD 1,498.3 million by 2030, growing at a CAGR of 7.8% from 2025 to 2030. Growth is being driven by rising demand across agriculture, pharmaceuticals, personal care, and industrial sectors, coupled with sustainability initiatives and increased awareness of magnesium deficiencies in soil and human health. Magnesium sulfate’s versatility as a fertilizer, industrial additive, and medical treatment positions it as a critical input in diverse applications.

The agricultural sector remains a major growth driver, with precision and conventional farming increasingly adopting magnesium sulfate-based fertilizers to address micronutrient deficiencies. In the pharmaceutical sector, injectable magnesium sulfate is widely used in maternal healthcare protocols, providing a stable demand base. Production innovations, particularly brine-based extraction methods, are improving cost efficiency and resource sustainability, enhancing the competitiveness of magnesium sulfate against mined alternatives. A key market challenge is the inconsistent product standards across geographies, particularly for agricultural and industrial grades, whereas pharmaceutical and food-grade variants are regulated under strict international standards such as USP, BP, and FCC.

Key Market Trends & Insights

• Europe held the largest revenue share of 45.1% in 2024.
• The Germany market is driven by advanced agricultural practices, a robust industrial base, and high demand in pharmaceutical and personal care applications.
• By application, agriculture-grade magnesium held the largest revenue share of over 48.0% in 2024.

Download a free sample PDF of the Magnesium Sulfate Market Intelligence Study, published by Grand View Research.

Market Performance

• 2024 Market Size: USD 950.5 Million
• 2030 Projected Market Size: USD 1,498.3 Million
• CAGR (2025–2030): 7.8%
• Europe: Largest market in 2024

Competitive Landscape

Key players are strengthening their market presence through expansion, partnerships, and strategic initiatives aimed at broadening product reach and market penetration. Companies focus on leveraging technological improvements in extraction, sustainable production, and value-added applications to capitalize on growing global demand.

Key Companies

• Mani Agro Chem
• Weifang City Huakang Magnesium Sulphate Factory
• Zibo Jinxing Chemical Co., Ltd
• Vinipul Inorganics Private Limited
• China Nafine Group International Co., Ltd
• ACURO ORGANICS LIMITED
• Global Calcium
• Richase Enterprise PTE. LTD
• ICL

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Conclusion

The magnesium sulfate market is poised for steady growth, underpinned by increasing applications in agriculture, healthcare, and industrial sectors. Rising focus on sustainability, innovations in production techniques, and heightened awareness of nutritional and environmental benefits are expected to drive continued adoption globally.

 

Low Rolling Resistance Tire Market Global Expansion Strategies and Forecasts

The global low rolling resistance tire market size was estimated at USD 21.25 billion in 2024 and is projected to reach USD 43.57 billion by 2030, growing at a CAGR of 12.7% from 2025 to 2030. LRR tires are designed to reduce energy loss during rolling, enhancing fuel efficiency and lowering emissions, making them increasingly attractive amid rising energy costs and environmental concerns. Growth is driven by the rising adoption of fuel-efficient vehicles, including hybrids and EVs, increasing consumer awareness of long-term savings, and regulatory pressures promoting sustainability. Technological advancements continue to improve performance characteristics, balancing fuel efficiency with safety and durability.

The market faces challenges such as higher upfront costs and potential trade-offs in wet traction, but continuous innovation is mitigating these concerns. Increasing investments by automakers and tire manufacturers in advanced materials and designs further propel the adoption of LRR tires.

Key Market Trends & Insights

• Asia Pacific held the largest market share of 26.9% in 2024.
• By vehicle type, passenger cars dominated with 41.1% revenue share in 2024.
• By width, the wide-band segment led the market in 2024.
• By sales channel, the OEM segment accounted for a substantial portion in 2024.

Download a free sample PDF of the Low Rolling Resistance Tire Market Intelligence Study, published by Grand View Research.

Market Performance

• 2024 Market Size: USD 21.25 Billion
• 2030 Projected Market Size: USD 43.57 Billion
• CAGR (2025–2030): 12.7%
• Asia Pacific: Largest market in 2024

Competitive Landscape

Leading companies such as Bridgestone, Michelin, Goodyear, Continental, and Pirelli dominate due to strong brand reputation, diverse portfolios, and advanced R&D capabilities. These players develop LRR tires for both ICE vehicles and EVs, integrating technologies that improve fuel efficiency without compromising safety or performance. The competitive landscape is expected to intensify as EV adoption rises and emission regulations become stricter, with sustainability, product innovation, and strategic collaborations serving as key differentiators.

Key Companies

• Bridgestone Corporation
• Michelin
• Goodyear Tire & Rubber Company
• Continental AG
• Pirelli & C. S.p.A.
• Hankook Tire
• Yokohama Rubber Co. Ltd.
• Apollo Tyres Ltd.
• Cheng Shin Rubber Industry Co. (Maxxis)

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Conclusion

The low rolling resistance tire market is poised for robust growth, driven by the demand for fuel-efficient and environmentally friendly transportation solutions. Advancements in tire technology, coupled with rising EV adoption and increasing consumer awareness of sustainability, are key factors shaping market dynamics. Companies that continue to innovate and adapt to evolving regulatory and consumer trends will capture significant opportunities in this expanding market.

 

Lithium Thionyl Chloride Battery Market Regional Analysis and Forecast

The global lithium thionyl chloride battery market size was estimated at USD 8.2 billion in 2024 and is projected to reach USD 14.85 billion by 2033, growing at a CAGR of 6.86% from 2025 to 2033. Li-SOCl₂ batteries are valued for their high energy density, long shelf life, and reliable performance in extreme environmental conditions, making them ideal for long-term metering, industrial monitoring, defense electronics, and remote sensing applications. Market growth is driven by the increasing adoption of smart infrastructure, IoT-based devices, and demand for maintenance-free, reliable power sources. Innovations in bobbin and spiral battery designs, coupled with industrial digitization, further enhance their applicability in low-drain and mission-critical scenarios.

These batteries play a crucial role in sectors requiring fail-safe and long-lasting power, such as energy & utilities, logistics, industrial automation, and defense. Investments in grid modernization, remote monitoring, and secure communications by leading economies are reinforcing the market demand.

Key Market Trends & Insights

• North America held the largest market share of 34% in 2024.
• The U.S. market is expected to experience significant growth during the forecast period.
• By type, the bobbin-type segment led with 66% market share in 2024.
• By capacity, the below 1000 mAh segment accounted for the highest share in 2024.

Download a free sample PDF of the Lithium Thionyl Chloride Battery Market Intelligence Study, published by Grand View Research.

Market Performance

• 2024 Market Size: USD 8.2 Billion
• 2033 Projected Market Size: USD 14.85 Billion
• CAGR (2025–2033): 6.86%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

Competitive Landscape

The lithium thionyl chloride battery market is highly competitive, with companies focusing on advanced chemistry, precision manufacturing, and high-reliability designs to meet demand for long-life power solutions.

Key Companies

• Saft Groupe S.A.
• Tadiran Batteries GmbH
• Energizer Holdings, Inc.
• Ultralife Corporation
• EVE Energy Co., Ltd.
• EaglePicher Technologies LLC
• Maxell Holdings Ltd.
• VARTA AG
• Panasonic Corporation
• Hitachi Maxell, Ltd.

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Conclusion

The lithium thionyl chloride battery market is set for steady growth, driven by the need for long-life, maintenance-free power sources across mission-critical applications. Technological advancements, miniaturization trends, and increasing adoption in smart infrastructure and IoT devices further enhance market prospects. With broad applicability in industrial, defense, and utility sectors, Li-SOCl₂ batteries are expected to remain a reliable and preferred energy solution for years to come.