Wellness Tourism Market Variables, Regional Trends & Global Scope Study, 2026

The scope of the global Wellness Tourism Market was appreciated at US$ 683.3 billion in 2018 and is estimated to record a CAGR of 7.1% during the period of forecast. The scope of the global wellness tourism industry is anticipated to touch US$ 1.2 trillion by 2026. An increasing number of travelers throughout the world has backed the demand for several wellness services. Furthermore, improved spending in the segment of tourism is likely to take an optimistic influence on wellness tourism.

The facility suppliers are concentrating on proposing spa treatments and additional wellness actions to confirm the satisfaction of the customers. Medical tourism, wellness tourism does not emphasize on prevention of illnesses. It stresses a fit way and enhanced the quality of life. Then again, medical tourism consists of treating the previously identified illness. Wellness is measured to be a protective measure to improve fitness.

Frantic timetables of work and sedentary life together with the absence of physical actions have resulted in growing circumstances of numerous lifestyles associated with illnesses, for example, higher stages of cholesterol, diabetes, and fatness. Consistent with the information circulated by WHO, the global liability of illnesses will rise to 56% by 2030. So, increasing liability of such illnesses is estimated to outcome in a rising demand for fitness-related travel.

Companies:

The important market contestants have accepted policies, for example, mergers & acquisitions, and partnerships to fortify their provincial existence. For example, Hyatt Hotels picked up Mira Val Group, during 2017. It was a chain of resorts and wellness spas & resorts.

The service suppliers of tourism are rebranding themselves to come across by way of the altering market requirements and the demands of the customer. Rosewood Hotels launched trademark Asaya, for their nutrition training, spa treatments and healing performs, in Rosewood Phuket, Thailand in 2017. These companies endorse their assistances straight through websites, over travel portals of publicity establishments, or third parties.

Some of the important companies for the wellness tourism market are Rosewood Hotels, Marriot International, Hyatt Hotels, Accor Hotels, Radisson Hospitality, InterContinental Group, and Hilton Worldwide.

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Growing stages of per head earnings, particularly in emerging states, have likewise contributed to the growing demand for such types of actions. The companies operating in the market for wellness tourism have accepted several policies, for example, partnerships and M&A to enlarge the geographic range. For example, Accor Hotels picked up Mantra Group, in May 2018, to grow its business, particularly in the Asia Pacific. This facilitated to boost up Accor’s trademark collection and positioned Accor at an important position in the business of hospitality.

Classification:

The global wellness tourism market can be classified by Travel Category, Travel Purpose, Service Point of View, and Region. By Travel Category, it can be classified as International, Domestic. By Travel Purpose, it can be classified as Secondary, Primary, By Service Point of View, it can be classified as Shopping, Food & Beverage, In-country Transport, Wellness Activities, Lodging, and Others.

Regional Lookout:

By Region, the global wellness tourism market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe ruled the global market using the share of income in 2018. Europe is a widely held travel destination for ages. The increasing necessity for wellness services due to growing cases of stress-associated fitness problems has enhanced the development of the market within the region.

Conversely, Asia Pacific is likely to be the speedily developing local market from 2019 to 2026. Technical progressions and increasing stages of per head earnings in developing nations, for example, India and China are expected to pay out for the development of the market. The National Medical & Wellness Tourism Promotion Board was announced to endorse tourism aiming for comfort, in 2016.

Aman Spa released a fresh complete wellness center - Amanpuri in Thailand in February 2019, proposing integrative medicinal facilities. It is the primary wellness center from Aman spas that proposes medicinal facilities. Similarly, the Malaysian company, Evolution Wellness Holdings, launched an innovative combined wellness resort, Five Elements Pte. Ltd., in July 2018.

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Next-Generation Data Storage Market Size Outlook, End Use Estimates & Trend Analysis, 2025

The global Next-Generation Data Storage Market size was projected at US$ 53.1 billion in 2018. It is expected to reach US$ 118.22 billion by 2025 with a CAGR of 12.5% during the forecast period. This could be attributed to the ever-increasing digitization and globalization. The basic advantage of next-generation data storage is that it makes way for reliable, quicker, scalable, secure, and cost-effective ways of storing data. The sectors witnessing next-generation data storage at the moment include data centers, automotive, and IT. The factor catalyzing the market is the fact that information growing by leaps and bounds does require space for storage as well as maintenance.

Top Companies:

The players contributing to the next-generation data storage market include Dell, Cloudian, Drobo, Fujitsu, Hitachi, HP, IBM, Inspur, Micron Technology, Netapp, Netgear, Nexenta Systems, Nutanix, Pure Storage, Quantum, Samsung, Scality, Tintri, Toshiba, and VMWare.

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Market Segmentation:

Technology Outlook:

• Magnetic Storage
• SSD
• Hybrid Flash Array

Technique Outlook:

• Direct-Attached Storage
• Network-Attached Storage
• Storage Area Network

Type Outlook:

• Local (on-premise)
• Remote (cloud)
• Hybrid

End User Outlook:

• Home
• Business
•     BFSI
•     Retail
•     Healthcare
•     Government Bodies
•     Telecom Companies
•     Cloud Service Providers

Regional Outlook:

By geography, the next-generation data storage industry is segmented into North America (U.S., Canada), Europe (Spain, Italy, France, Germany, and the UK), Asia Pacific (Japan, China, ANZ (Australia & New Zealand)), South Korea, and India), LATAM (Mexico, Brazil), and MEA (Saudi Arabia, South Africa, and Israel). North America rules the market due to immediate adoption of the latest technology by the U.S. Europe comes in second; followed by the Asia Pacific, which is a promising market for next-generation data storage; especially after initiatives like “Digital India” coupled with the availability of wearable devices, smartphones, and low-cost tablets.
Players

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Concentrated Solar Power Market Revenue Opportunities and Gross Margin Analysis, 2025

The scope of the global Concentrated Solar Power Market was appreciated at US$ 3.03 billion during 2016 and is expected to reach US$ 8.92 billion by the completion of 2025. It is expected to witness a CAGR of 12.7% during the forecast period due to the crunch of electricity together with lessening resources of non-conventional energy for the generation of electricity.

Drivers and Restraints:

Stringent rules by the governments to limit the growing carbon impression together with financial paybacks are expected to increase the acceptance of different sources of energy in the concentrated solar power market.

The request for thermal energy storage to upsurge the operation time of concentrated solar power is one of the most important factors motivating the development of market. These plants can merely generate power from sunrise to sunset. The technology of Thermal Energy Storage (TES) permits storage of the thermal energy composed during the daytime from these concentrated solar power plants, and it is used to generate power after the sunset. This increases the operative time span of the concentrated solar power plants. These plants are being fitted along with Thermal Energy Storage (TES) technology to upsurge the rating of capability factor. This is likely to deliver the most important improvement with regards to the acceptance of concentrated solar power as a principal basis for the generation of electricity.

But, the technology of concentrated solar power is funds demanding. This may perhaps show to be a limitation to its acceptance, if not reinforced by government organizations and controlling establishments. Growing alertness in industrialized areas of North America and Europe, along with emerging nations of Asia Pacific is expected to increase the development of the business.

Companies:

Some of the important companies for concentrated solar power market are Siemens, Abengoa, ACCIONA, Areva, Solar Reserve, Solar Millennium, eSolar, Bright source Energy, ACS Group, SENER group, and others.

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Classification:

The global concentrated solar power (CSP) market can be classified by Application, Technology, Capacity, Storage, and Region. By Application, it can be classified as Desalination, Utilities, Superior Oil Regaining, and others. By Technology it can be classified as Power Tower, Linear Fresnel, Dish, and Parabolic Trough. By Capacity, it can be classified as >100 MW, >50 to ≤100 MW, ≤50 MW. By Storage, it can be classified as Without Storage, With Storage.

Regional Lookout:

By Region the global concentrated solar power industry can be classified as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. Europe ruled the global market for concentrated solar power, by way of more than 45% set up capacity of the world. Spain possesses the extreme aggregate set up capacity with above 2300 MW since 2015. Owing to the significant investments made for evolving the technology, it was almost ruling the international situation.

North America was the subsequent biggest market during 2016 and is estimated to exceed above US$ 452.7 million in income in the global market. On the other hand, uncertain percentage of acceptance in Canada due to unfavorable climatic circumstances will limit the development of the market. Conversely, Central & South American regions are creating new-fangled steps in the implementation of this technology as a consequence of the appropriate climate situations prevalent in these nations. In the world, Morocco is amongst the best adopters of concentrated solar power.

China had directed the market in Asia Pacific. It was appreciated at US$ 608.9 million in 2016 and is forecasted to observe the maximum improvements by the completion of 2025. Asia Pacific is confronted with a significant crunch of energy. This is expected to upset the development of persons and businesses during the forthcoming years. Renewable energy sources are the prospect of the sectors of energy & power. Because of the speedily reducing means of an energy, it must be addressed by another possibility.

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Automotive Infotainment Market Share, Research Methodology & Revenue Analysis, 2025

The scope of the global Automotive Infotainment Systems Market was appreciated by US$ 15.20 billion in 2016 and it is likely to reach US$ 37.62 billion during the forecast period. The increasing demand for systems that can provide entertainment, accessibility comprising live audio streaming, on-demand music, combination of smart phone, along with a number of additional entertaining facilities and comfort within the car, is estimated to motivate the development of the automotive infotainment market. The manufacturers of the automobiles are also gradually integrating such type of systems in their automobiles having understood that such type of features can gladly motivate the purchasing decision of the customer.

Classification:

The global automotive infotainment systems industry can be classified by Application, Installation, Product, and Region. By Application it can be classified as Commercial Vehicles, Passenger Cars. By Installation, it can be classified as Aftermarket, OE fitted. By Product, it can be classified as Communication Unit, Head-up Display, Audio Unit, Navigation Unit, and Display Unit.

Companies:

At present, the automotive infotainment systems market is extremely disjointed in nature. A number of medium and small sized companies are trying to build up their position, by way of launching reasonably priced aftermarket systems. Accordingly, it has started observing strong competition amongst suppliers of OE fixed systems and suppliers of aftermarket systems.

Some of the important companies for automotive infotainment industry are Delphi Automotive PLC, Clarion Corporation, Pioneer Corporation, Panasonic Corporation, Harman International, JVC KENWOOD Corporation, Visteon Corporation, Denso Corporation, Alpine Electronics, Garmin, and Continental AG.

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Drivers:

The increasing stages of per head earnings in developing nations, mainly in Asia Pacific, are letting customers expend on luxury and top-class cars furnished by these systems. Progress in technology has furthermore steered the introduction to instinctive touchscreen, cutting-edge graphical user interfaces, vocal sound recognition, and additional amenities in these systems. Entirely such developments have potential for the development during the period of forecast.

Additional features motivating the acceptance of these systems consist of smartphone connectivity, both over Wi-Fi or Bluetooth, which permits customers to access messages and additional information and makes it easier to work on the move. Furthermore, consumers can furthermore modify these systems consistent with their necessities and selections. This is also funding the acceptance of these systems. Over and above this, the capability of these systems to access cloud centered services and deliver unified connectivity and distant access to playlists and streaming of video is also motivating the demand for these systems.

A competition amongst OE fitted and aftermarket products is a specific high spot because the suppliers of OE fitted products emphasis on the quality whereas suppliers of aftermarket products mainly concentrated on the price. Per se, the demand for OE products is projected to be great in industrialized nations, whereas the aftermarket products would be mainly in demand in developing nations of Asia Pacific, where the choice of infotainment systems is constructed on the price.

Regional Lookout:

By Region the global automotive infotainment market can be classified as North America, Europe, Asia Pacific, and South America. North America generated maximum revenue of US$ 5,723.1 million in 2018. North America is home to the important business participants and therefore the area is in leading position in the development and application of innovative automotive infotainment systems. The increasing inclination toward vocal sound recognition methods and driver distraction mitigation systems is estimated to motivate the development. The increasing end-users’ liking for HD in-dash display monitors is the additional obvious tendency that has been holding up in the local market.

The Asia Pacific is expected to develop at the maximum percentage during the period of forecast. The increasing stages of per head earnings of the customers are mainly letting them purchase passenger cars having modern facilities. The increasing sales of top-class cars in China are mainly estimated to add to the development of the local Asia Pacific’s market. Additionally, growing acceptance of smartphones together with the increasing demand for automotive infotainment systems with the combination of smartphone technology is projected to motivate the development during the period of forecast.

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Oilfield Services Market Regional Outlook, End Users Analysis and Forecast, 2025

The global Oilfield Services Market scope was appreciated by US$ 103.26 billion in 2016 and is projected to touch US$ 139.1 billion by the completion of 2025. It will register a CAGR of 3.4% between 2017 and 2025.

The oilfield services comprise diverse oil-associated actions for example intervention, stimulation, drilling, production, completion and exploration, among numerous others for accomplishing several purposes above the complete life cycle of oil well exploration. The services are furthermore useful in classification of well, zonal isolation, sand washing, perforation, well stimulation, and setting tubing plugs.

Due to the continuously growing population, the oil and gas industry is presently flourishing, and therefore the demand in the global market for oilfield services is estimated to grow by a healthy development percentage for the duration of the forecast.

Classification:

The global oilfield service industry can be classified by Application, Service, and Region. By Application, it can be classified as Offshore, Onshore. By Service, it can be classified as Separation Service& Processing Service, Workover Service & Completion Service, Seismic Service, Production Service, Drilling Service, Well Completion Equipment & Services, Wireline Services, Pressure Pumping Services, Well Intervention Services, OCTG, Coiled Tubing Services, and Others.

Companies:

Some of the important companies for oilfield services market are China Oilfield Services Limited, Oil States Industries, BJ Services Company, Weatherford International Ltd., Baker Hughes Inc., National Oilwell Varco, Schlumberger Limited, Weir Oil and Gas, Petrofac, Saipem, Transocean, SGS, Halliburton Company, Superior Energy Services, GE Oil & Gas, Nabors Industries Ltd., Superior Energy Services Inc., Precision Drilling Corporation, Trican Well Service Ltd., Liberty Oilfield Service, TechnipFMC plc, Bronco Oilfield Services Inc., and Asian Oilfield Services Limited.

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Drivers:

The finding of fresh fields of oil & gas is likely to trigger the demand for oilfield services particularly from subdivisions for example transportation and power plants. During the last few years, there has been an important growth in the removal of oil & gas resources for example crude oil and natural gas. This growth is additional reason motivating the oilfield services industry.

The sector of oil & gas is transforming due to enhanced oil recovery or EOR. This involves methods of thermal injection, gas injection, and chemical injection. This is additionally estimated to trigger the demand for oilfield equipment; thereby altering the viewpoint of oilfield services business. The technologies for example robotic oil rigs and remotely operated vehicles or ROVs may well help the enlargement of offshore oilfields. In this manner motivating the oilfield service market. Additionally, this is expected to empower development in the business of oilfield services for the duration of forecast. Oilfield operators are constantly concentrating on increasing the production and dropping price of oilfield equipment to enhance the market for oilfield services.

Regional Lookout:

By Region the global oilfield services market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to make up the most important stake in the global market for oilfield services by the completion of the prediction period. Furthermore, the increasing demand for oilfield services in the U.S.A. comprises directional and horizontal drilling actions, mainly due to the existence of shale gas reservoir.

Additional cause accountable for the development of oilfield services in this region is the growing number of deep-water schemes particularly in the U.S.A. The Asia Pacific’s market is likewise estimated to develop at an important percentage due to the reasons for example growing number of offshore actions particularly in China and increasing figure of oil rigs. Finally, the market for oilfield services in the Middle East & Africa is expected to observe a greater CAGR. This is mainly due to the growing budget of investment in Gulf nation state and concentration on offshore possessions.

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Near Field Communication (NFC) Market Product Estimates and Development Opportunities, 2024

The scope of the global Near Field Communication (NFC) Market was appreciated at US$ 4.80 billion in 2015. The range is projected to touch US$ 47.43 billion during the forecast period. The business is composed for an extraordinary development during the period of forecast, due to the growing infiltration of smartphones in the emerging economy. By means of the introduction of Apple Watch and e-wallet, increasing implementation of mobile payment services has directed toward the rigorous operation of Point of Sale (POS).

The processors of payment, banking units and payment gateways are likely to increase the skills for accepting the new-fangled enriched technology. The arrival of the mobile wallet services has permitted customers to pay for services over mobile apparatuses or over methods of cashless payment. This have additionally improved development of the market for near field communication.

Classification:

The global near field communication (NFC) industry can be classified by Application, Product, and Region. By Application it can be classified as Product Identification, Medical Devices, Ticketing, Transaction, Data Sharing, Access Control, and Others. By Product it can be classified as NFC Readers, NFC ICs, SIM Cards, NFC Tags, NFC Cover, and SD Cards.

Companies:

The companies operating in the market are continuously presenting innovative and better-quality near field communication empowered apparatuses to upsurge the base of clients and to increase the product presentations of the product. Some of the important companies for near field communication industry are: Mediatek Inc., NXP Semiconductors, Infineon Technologies AG, and Huawei Technologies Co., Ltd.

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Drivers:

The growing demand for the near field communication centered payment results has directed the manufacturing companies to develop an improved form of the digital payment platform, additionally increasing the development of the near field communication market. The arrival of mobile wallets, for example Samsung Pay, Android Pay and Apple Pay are also likely to additionally motivate the considerable developments of mobile payments, due to their ability of paying over mobile phones rather than using cards or any additional method of cashless payment. Due to the growing number of sellers, it is estimated to upsurge the awareness regarding it and boost the development of arrangement for the near field communication. The growing necessity for dropping the price of possession and the improved suitability will carry on to diktat the development of the market.

Regional Lookout:

By Region the global near field communication market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market for near field communication in Asia Pacific was projected to stay as the important region for the generation of an income. It was responsible for the share of more than 20% during 2015. The growing infiltration of tablets and smartphones is projected to be the cause behind the acceptance of the technology of near field communication.

The speedy expansion of mobile payment services has fast-tracked group efforts among the business members causing in the progress of the technology. The multinational banks have been actively capitalizing in constructing the network for mobile payment. This is additionally estimated to upsurge the application sector, retailers and the financial service providers will act as a team.

The market in Europe is projected to observe most important growths in a number of uses. This comprises near field communication centered transactions, access control and ticketing during the period of forecast. Increasing implementation of near field communication technology has directed to improved application of Point of Sale (POS) stations at retail openings for Visa Cards and contactless mobile payments.

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Rice Bran Oil Market Trends, Capacity, Production And Forecast Analysis, 2025

The scope of the global Rice Bran Oil Market was appreciated at US$ 4.04 billion in 2018. The range is projected to touch US$ 5.12 billion by 2025, growing at a CAGR of 3.44% for the duration of the forecast.

This is attributed to an ever-increasing health consciousness regarding edible oils to lessen the levels of cholesterol. The present scenario is such that rice bran oil is being promoted as one of the premium products with it being a proven anti-oxidant. Moreover, it is cheaper in comparison with olive oil. Besides, the shelf life of rice bran oil is more than sunflower oil due to the fact that it has an optimal balance of PUFA and MUFA.

Market Scope:

The American Heart Association and World Health Organization (WHO) have given a nod to the propagation of rice bran oil. This factor is expected to bolster the rice bran oil market. Plus, this oil is one of the ingredients of biscuits, pizza, cookies, and cakes. The ratio is up to 20%. This adds to the taste along with simplifying chewing of bakery products.

Market Segmentation & Players:

The global rice bran oil market is segmented based on geography into the U.S., Russia, South Africa, UAE, Saudi Arabia, Mexico, Brazil, South Korea, Japan, India, China, Italy, and the U.K. The players contributing to the market include BCL Industries & Infrastructure, Sethia and A.P. Refineries Pvt. Ltd., 3F Industries Ltd., and Ricela Health Foods.

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Application Outlook:

• Food & Beverage
• Nutraceutical
• Animal Feed

Distribution Channel Outlook:

• Offline
• Online

Regional Insights:

The Asian economies are home to abundant rice as a raw material to rice bran oil. This shows that Vietnam, Thailand, Japan, China, and India would be the torchbearers in terms of exporting rice bran oil in the upcoming period. The formation of the International Council of Rice Bran Oil (ICRBO) in 2013 has given an impetus to uniformity in commerce & trade among member economies and also improved communication amongst the manufacturers, academic researchers, and local governments. It is also working toward sponsoring training programs for members involved in technical development and work.

A positive development with India is that its SEA (Solvent Extractors Association) is on the ICRBO board to promote rice bran oil in different parts of India as one of the richest sources of vitamin E coupled with high oryzonal content.

Miscellaneous:

Personal care & cosmetics are also boosting the rice bran oil industry. Oryzol provides protection against UV light and finds its presence in sunscreen lotions. Ferulic acid therein aids in catalyzing hair growth and averts aging. In the U.S. and Japan, bath soaps also have rice bran oil as an ingredient.

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Vape Cartridge Market Analysis Report By Type, Material, Application, Region And Segment Forecasts

The global vape cartridge market is estimated to reach USD 2.2 billion, by 2025, and is projected to grow at a CAGR of 21.4% from 2019 to 2025, according to a new report by Million Insights. Increasing consumer preference towards vape products as an option to tobacco is mainly contributing to market growth. Vape products do not contain ash and tar that are highly present in traditional cigarettes. Consumer can customize nicotine content by varying the power output and airflow of vape cartridge. All these key features are anticipated to drive the demand for the product.

Manufacturers are developing products such as low-powered pod vapes. however, mods with high power are suitable for cloud chasing. Vapor volumes are adjusted by varying the power output, coil type, and airflow. Furthermore, customization in the product is also contributing to market growth. 

The growing trend of smoking vape among young adults owing to its attractive look is boosting product demand. In addition, various medical associations have said that e-cigarette and vape are safer than regular cigarettes. However, stringent government policies in countries such as Germany and U.S. are expected to hinder the market growth.

Market Share Insights

Leading players in the market include HONEY; BRITE LABS; The Bloom Brand; Arbor Pacific Inc.; Evolab; Airo Vapor; Orchid Essentials; Cura CS; Eel River Family Farm; and Loudpack. Top players in the market are focusing on strategies such as mergers and acquisitions to expand their product portfolio and to gain traction among consumers. For instance, in 2019, Curaleaf acquired Select, a renowned cannabis wholesaler brand, to expand its product line. 

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Product Insights

Depending on the product type the vape cartridge market is bifurcated into plastic, glass, and metal. The plastic segment accounted for the largest revenue of USD 312.4 million in 2018. The plastic-based cartridge is available in all hypermarkets and convenience stores. Plastic cartridges capacity ranges between 0.5 ml to 1ml. Moreover, a large chunk of middle age group in countries such as Japan, Brazil, and Mexico prefer smoking cartridges over this type of product. 

The glass product segment is projected to grow at the highest CAGR of 22.8% over the forecasted period. Glass based cartridge keeps the flavor and test of vape unchanged. This cartridge has different flavors and it does not contaminate the liquid by materials such as terpene leaching and burnt coils. It also helps in maintaining the viscosity of the liquid. Moreover, increasing consumer inclination towards premium products is anticipated to boost the demand for the product in the next few years. 

Regional Insights

In 2018, North America held the largest market share of over 43.7% in the overall market. Youngsters prefer e-cigarettes and vape cartridges over tobacco products. Furthermore, it is found that, one in every five smokers in the U.S. smoke vape cartridges and pens along with tobacco. According to the survey by National youth tobacco, consumption of e-cigarettes among students is increased by 1.5 million in 2018. The introduction of various flavors and vape liquids is expected to boost the market.

Asia Pacific is anticipated to grow at the highest CAGR of 26.2% over the forecasted period. The increasing smokers’ population in countries like Malaysia, Japan, the Philippines, and China is supporting the demand for the product. In 2017, it is found that over 13 million Chinese people use vape products. 

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Glamping Market Application Movement Analysis, Regional Estimates & Regional Trends Analysis

The global glamping market is estimated to reach USD 4.8 billion, by 2025, and is projected to grow at a CAGR of 12.5% from 2019 to 2025, according to a new report by Million Insights. Increasing popularity of tourism and travel due to rising number of tourists and travelers seeking for adventure and exploring nature is mainly contributing to market growth.

Furthermore, the resort-style and modern amenities services are growing in popularity. Top tourism service providers give luxurious amenities such as portable toilets, air conditioners, Wi-Fi, television, and kitchen appliances at camping sites which are anticipated to boost the demand for glamping products among adventure enthusiasts. Moreover, the growing trend of adventure and safari is projected to contribute to the market growth in the next few years. 

Rising popularity among urban escapists and nature lovers for adventure landscapes is anticipated to foster the glamping services market. In addition, growing preference for exotic accommodations and social media influence are some of the major factors projected to propel market growth. In addition, different music fests along with entertainment activities are increasing the trend of camping. 

Market Share Insights

Leading players in the market include Under Canvas, The Resort at Paws Up, Collective Retreats, Eco Retreats, Tentrr, Nightfall Camp Pty Ltd., Longitude 131º, Tanja Lagoon Camp, Paper Bark Camp, and Wildman Wilderness Lodge.

The growing popularity of outdoor activities is expected to influence the major hotel service providers to invest in these services. For example, in 2019, Tribute Portfolio has introduced Natra Bintan with over 100 safari theme tents.

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Regional Insights

In 2018, Europe dominated the market with the largest share in the overall market. Top tourist service providers focus on online services to introduce various types of accommodation for creating interest among the consumers. Growing interest especially among the 18 to 50 years group is contributing to the market growth.

North America is estimated to grow at a significant rate from 2019 to 2025. Growing fad about adventure and new place experience is fostering the demand for the camping service. Increasing consumer preference towards activities such as fishing, water sports, off-roading is supporting the market growth. According to the studies, American consumers have spent over USD 887 billion on outdoor activities.

The Asia Pacific is projected to grow substantially during the forecasted period. The rapidly growing tourism industry is mainly complementing the growth of the market.

Impact of COVID-19 Insights

The COVID-19 pandemic has negatively impacted the global glamping market. Coronavirus has imposed limitations on domestic and international travel tours due to lockdown restrictions. According to World Travel & Tourism Council (WTTC), international tourism has been decreased by 22.0% in the first quarter of 2020. In Europe, several countries including Spain, and Italy travel industry shows that the number of nights spent in different tourist accommodation was decreased in March 2020.

However, several countries like Spain, Italy, and the U.S. have partially lifted the lockdown. This is projected to surge the growth of camping and traveling activities which, in turn, is expected to boost the growth of the market.

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Edible Cutlery Market Size, List Of Market Players, Competitive Environment And Strategy Framework

The global edible cutlery market is expected to reach USD 39.5 million by 2025, according to Million Insights, registering a 8.3% CAGR over the forecast period, from 2019 to 2025. Increasing usage of edible cutleries in restaurants, households, and airlines as a substitute for plastic is expected to witness positive impact on market growth. In recent years regulatory bodies have applied several regulations to reduce carbon footprints.

Plastic cutlery takes a lot of time to decompose and pollutes the soil. Further, there are many government initiatives provided to help manufacturers who are focused on developing eco-friendly products. The edible cutlery is an eco-friendly solution to tackle the recycling issues associated with plastic raw cutlery. The growing use of this product in the airline industry where steel objects are considered as an unviable option is expected to augment the market growth over the forecast period.

Plastics products are bio-hazardous in nature. Thus with growing awareness consumers are switching to edible cutlery which is both good for the environment and human health. . For example, in 2019 Etihad Airways introduced edible coffee mugs to reduce plastic usage by 80% by the end of 2022. Moreover, many airlines implemented this strategy to augment their contribution to protecting the environment.

Market Share Insights

The major players operating in this market are Candy Cutlery, Mede Cutlery Company, Biotrem, UniCrave Technologies, Unreasonable Group, and Edibles by Jack. Most of the manufacturers are expanding their product line by introducing edible plates and bowls which is expected to gain popularity in restaurants and hotels. In addition, the companies are striving to come up with different flavors to cater to consumer demand owing to related health aspects. 

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Application Insights

Application-wise, the edible cutlery market is bifurcated into household and commercial. In 2018, the commercial segment held the largest market share of more than 80.0%. High adoption of edible cutlery in restaurants, hotels, railways, and airlines has majorly driven the growth of this segment. In addition, the companies who are serving packaged food, are shifting towards edible cutleries to reduce the application of plastic, further application of natural and biodegradable products helps the company to make a clean and friendly image.

On the other hand, edible cutlery for household application is projected to grow with the fastest CAGR of around 9.0% during the forecast period. Edible cutlery is gaining popularity in the commercial as well as household sectors. Most parents considered this product as a healthy substitute over plastic spoons, as this product is made by healthy cereal that is beneficial for kids’ health. These factors are expected to fuel the growth of edible cutlery in household applications over the forecast period. 

Distribution Channel Insights

A distribution channel is fragmented into offline and online. In 2018, the online channel held the largest market share of over 75.0%. The edible cutleries firstly introduced online channels. Most of the manufacturers have given detailed specifications of products including ingredients deception, flavor, and size. These factors play an important role to influence the buyer’s purchasing decisions.

On the other hand, the offline channel is projected to grow with the fastest CAGR of 9.0% over the forecast period. Manufacturers are striving to reach consumers in order to educate them about edible cutlery through supermarkets and convenience stores. In addition, increasing the concentration of this channel through supermarkets and hypermarkets in developing countries is expected to create new avenues over the forecasted period.

Regional Insights

In 2018, the North American edible cutlery market held the largest market share of over 35.0%. The increasing working population in Canada and the U.S. who can easily afford edible cutleries are driving the growth of the regional market. Further, increasing consumption of corn as a staple food has created a demand for corn-based forks and spoons.

Asia Pacific is projected to grow with the highest CAGR of over 9.5% over the forecast period. Increasing population in several countries such as Pakistan, China, and India is a key concern and is expected to lead to environmental degradation. Stringent government regulation for plastic use is expected to fuel the demand for edible cutleries over the forecast period. Further, the implementation of several strategies such as product development, and product innovation by key manufactures is expected to boost the regional market growth.

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Cashmere Clothing Market Technological Advancement, End-Use Movement Analysis and Global Demand

The global cashmere clothing market size is expected to register a revenue of USD 3.50 Billion by the end of 2025, according to a new report by Million Insights. It is expected to grow with a CAGR of 3.96% from 2019 to 2025. This growth can be attributed to availability of finest quality cashmere yarn which is lighter, stronger and softer than the other types of wool.

These cashmere products are being manufactured using cashmere yarns. These yarns are lighter, stronger, finer, and softer than the rest of the types. They also have good moisture content and thereby can be easily adjustable at all temperatures and climatic conditions. They also help in enhancing aesthetic looks. Such factors are anticipated to drive the market for cashmere clothing over the forecast period.

The demand for these types of premium clothing has been on the rise across the world owing to rising disposable income among working professionals coupled with the increasing trend for adopting premium clothing to enhance the physical appearance. However, limited raw materials and high production costs are expected to act as a hindrance to the growth of the market.

Market Share Insights

The market for cashmere clothing includes key players such as Ermenegildo Zegna Holditalia S.p.A., Brunello Cucinelli S.p.A., Autumn Cashmere, Sofia Cashmere, Pringle of Scotland Ltd., Alyki - Felice De Palma & Co., and Loro Piana S.p.A. These manufacturers have started implementing several marketing strategies to penetrate deeper into the emerging market. Moreover, new entrants have started entering emerging markets due to rising product demand.

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Product Insights

The market for cashmere clothing can be classified as tees & polo, pants & trousers, sweaters & coats, and others, based on product. The segment of sweaters & coats held the highest share of over 52% across the cashmere clothing market. It is also expected to register a steady growth rate during the forecasted years, 2019 to 2025.

This can be associated with increasing demand for premium coats and sweaters, like formal and casual wear. The segment for tees and polo is anticipated to witness the highest growth rate with a CAGR of 5.67% in the upcoming years. This growth can be associated with improving living standards among the millennial population across the developed and developing regions.

End-User Insights

In 2018, the end-user segment of men is anticipated to register the highest growth with a CAGR of 4.51% from 2019 to 2025. This growth can be associated with rising demand for such clothing as trousers, fashion apparel, and coats among men. Moreover, the rising desire to look presentable is expected to drive market growth.

The women's end-user segment held the largest share across the global market in 2018. This can be associated with the rising demand for scarves and shawls among women. Manufacturers have started launching products with a variety of patterns and designs for engaging the consumers. Moreover, they have started producing unique accessories that are being made from this fabric.

Regional Insights

In 2018, Europe held the highest share of 38.0% across the global market. This growth can be attributed to increasing demand for such cashmere clothing across countries like U.K., Italy, and Germany. Moreover, the growing fashion industry and the presence of a variety of luxurious brands across this region are expected to pave the way for market growth.

North America is anticipated to register the highest growth rate with a CAGR of 5.06% during the forecasted years, 2019 to 2025. This can be attributed to the rising demand for luxurious clothing across developed regions like U.S. and Canada.

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Camping Furniture Market Regulatory Framework, Technology Overview, Product Type Estimates & Trends

The global camping furniture market size is expected to register a revenue of USD 275.8 Million by the end of 2025, according to a new report by Million Insights. It is expected to grow with a CAGR of 4.9% from 2019 to 2025. This growth can be attributed torising trend for outdoor camping and other recreational activities among the working and millennial population. Moreover, promotional activity being undertaken by various governments is anticipated to further fuel up the market growth.

Manufacturers are implementing product development to improve functionality and compactness for increasing product sales. Moreover, the adaption of innovative and trendy furniture is increasing among consumers. Thus, manufacturers have started producing furniture with eco-friendly raw materials like recycled wood, aluminum, and plastics. As the preference for these products is increasing among consumers, the market for camping furniture is expected to grow significantly in the upcoming years. 

Market Share Insights

The market for camping furniture includes key players such as Oase Outdoors ApS; GCI Outdoor; Helinox; Johnson Outdoors Inc.; TREKOLOGY; Camp Time Inc; Tepui Tents; Kamp-Rite; and ALPS Mountaineering. These manufacturers are constantly engaged in product launches and development. For example, Tepui Camp Lounge was launched by Tepui Tents in August 2018. This set included a double-seater couch, two separate chairs, two separate carrying cases, and a lounge table. Manufacturers had increased the storage capacity of the couch. The Oase Outdoors ApS also started the sale of their products through online mode to gain a competitive advantage over other players.

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Distribution channel Insights

The offline segment of distribution channel held the largest share of 70.0% across the global market. This can be associated with the provision of physical verification of the product before making the purchase decision. In addition, the instant availability feature is anticipated to drive market growth over the forecast period.

The online distribution channel is anticipated to witness the highest growth with a CAGR of 5.3% during the forecasted years. This can be attributed to features like doorstep delivery, availability of a wide range of products for comparison, and hassle-free instant delivery. Moreover, external factors like availability of price and quality for comparison and product delivery at remote places across the globe are expected to further fuel up the market from 2019 to 2025.

Product Insights

The chairs and stools product segment held the largest share of 51% across the global market. These products can be easily carried at the camp sites owing to their foldable and lightweight features. The segment of table is anticipated to register the highest CAGR of 5.4% from 2019 to 2025 owing to their usage for outdoor dining and food preparation coupled with growing utility for playing cards and other board games.

Regional Insights

Europe held the largest share of 35.2% across the global market in 2018 owing to increase in the tourism sector and outdoor recreation activities across this region. In addition, countries like the Netherlands, U.K., France, Germany, Italy, Spain, and Denmark are promoting their tourism industry which in turn is boosting the growth of camping furniture market. Asia Pacific is anticipated to register the fastest growth rate from 2019 to 2025 due to increasing population and rising disposable income among the working population.

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Recruitment Process Outsourcing Market Sales Channel, End-Use Outlook and COVID-19 Impact Insights, 2027

The global recruitment process outsourcing (RPO) market size is anticipated to account for USD 20.8 billion by 2027, according to a new report by Million Insights. The market is estimated to register over 18.0% CAGR over the forecast duration. Increasing need to streamline the recruitment processes and reduce the overall hiring cost is driving the market growth. In addition, the emergence of digital tools and the growing adoption of innovative technologies such as AI and machine learning have further transformed the hiring processes.

Technology is projected to play a key role in future recruitment. The use of AI is gaining traction among enterprises for screening and sourcing candidates. These technological advancements reduce human errors and help automate the hiring processes. Moreover, social media platform and data-driven recruitment are gaining traction among enterprises.

Large organizations are increasingly adopting RPO services owing to their global expansion and diversified business. Different countries have different rules regarding recruitment processes. Outsourcing services help in adhering to different rules across the globe while recruiting. In addition, large organizations have higher budgets for recruitment, which further, drive the adoption of RPO services.

Market Share Insights

The global market is characterized by the presence of several regional and international players. Leading market players are IBM Corporation, Korn Ferry, Manpower Group Inc., Wilson HCG, Sevenstep, People Scout, Cielo, Inc., Pontoon Solutions, and ADP, Inc. among others. These companies provide diversified services and take care of various recruitment needs. However, with the entry of new players in the market, existing players are focusing on diversifying their product portfolio. It is estimated that the rise in the blended services and tailored solutions are projected to transform the RPO industry. In addition, market players are also focusing on mergers & acquisitions to gain competitive advantages over their peers. For example, Permira Holdings Limited made an acquisition of Cielo, Inc. in December 2019 to consolidate its position in the market.

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Regional Insights

In 2019, North America held the largest share in the recruitment process outsourcing market with more than 42.0%. The United States was the leading shareholder in the region and projected to maintain its dominance over the forecast duration. The country's economy is returning to normalcy and the demand for a skilled workforce is increasing. Healthcare sector is one of the highest growing sectors in the country while the manufacturing sector is witnessing robust growth. As estimated by the U.S. Bureau of Labor Statistics (BLS), from 2018 to 2028, there would be around 8.4 million jobs in the U.S. Therefore, growing job opportunity and rising manufacturing and healthcare sectors are projected to drive the demand for recruitment outsourcing in the region.

Canada, on the other hand, has a significant share in the market with its four provinces Alberta, Ontario, Quebec, and British Columbia generating considerable employment opportunities. These provinces together account for almost 50.0% share in the Canadian market and mostly outsource their recruitment needs. Mexico is also generating increasing demand for staffing solutions and anticipated to offer lucrative growth opportunity for the market over the next few years.

The Asia Pacific is anticipated to register noticeable growth owing to the expansion of multinational companies in countries such as India and China. India is considered a talent hub with a huge number of working professionals and a large population in the age group of 25 to 35. In addition, several multinational companies are aiming to set their footprint in the country owing to the availability of low cost and effective workforce. Thus, Asia Pacific offers a lucrative opportunity for the growth of the market.

COVID-19 Impact Analysis

The RPO market has been adversely affected owing to the outbreak of COVID-19. The pandemic has led to a major change in the recruitment processes, as companies are required to adhere to the social distancing norms. For example, a U.K.-based recruitment service provider, Datum RPO advised its resources and clients to be proactive in screening the applicants and check for the details such as their location and past 14 days history to adhere to the COVID-19 norms. Moreover, companies are implementing advanced recruitment solutions to avoid direct in-person meetings while recruiting a candidate.

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Air Electrode Battery Market Global Demand, Application Outlook & COVID-19 Impact Insights, 2027

The global air electrode battery market size is estimated to account for USD 2.02 billion by 2027, according to a new report by Million Insights. The market is predicted to register 9.0% CAGR over the forecast duration. Increasing use of air electrode battery in various end-use applications and rising expenditure on research and development are driving the product demand.

Air electrode batteries have multiple advantages such as increased storage capacity, higher electrochemical performance and environmental friendliness. These benefits have resulted in the high adoption of these batteries compared to ion batteries. In addition, the growing use of these batteries in electronic gadgets is likely to spur their demand.

Market Share Insights

Key market players are adopting various strategic initiatives such as partnerships, the introduction of new products, and merger & acquisition among others. These strategic initiatives help industry players to strengthen their position in the market and gain a competitive edge over others. Further, to improve the performance, durability and lower the cost, market players are investing a significant amount in research and development. Key market players include Volkswagen Ag, Mullen Technologies, Inc., BASF Global, LG Chem Ltd., Tesla Inc., and Panasonic Corporation among others.

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Regional Insights

The Asia Pacific accounted for over 31.0% share in the market and emerged as the leading shareholders in 2019. In addition, the region is projected to witness the highest growth over the forecast duration. Factors such as rapidly rising electronic manufacturing and a growing consumer base in countries such as India, China, and Japan are predicted to drive regional growth. 

China held the dominant share in the market due to the presence of leading manufacturers in the country and the high production volume. In addition, China is the one leading markets for electric vehicles, which, in turn, positively affect market growth. In addition, the government of China provides financial support to manufacturers to increase the adoption of air electrode batteries.

North America held a noticeable share in the market in 2019. The United States accounted for the major share in the regional market. The increasing adoption of electric vehicles in the United States is the main reason driving the North American market growth. Europe, on the other hand, is aggressively witnessing the adoption of electric vehicles owing to stringent norms regarding emission from internal combustion vehicles.

COVID-19 Impact Analysis

The outbreak of COVID-19 has negatively affected the air electrode battery market. The outbreak has led to the closure of manufacturing units, which adversely affected the production of these batteries. In addition, the pandemic has caused a shortage of raw materials and labor requirements, which delayed the ongoing production.

However, with the resumption of industrial operations, the demand is estimated to register considerable growth. In addition, government support in the development of electric and fuel cell vehicles is projected to be a major driving force for the market post-pandemic.  

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Household Slicer Market Size, Key Players, Revenue Drivers and COVID-19 Impact Insights, 2027

The global household slicer market size is estimated to touch USD 475.2 million by 2027, as per a new report published by Million Insights. The market is projected to register 5.5% CAGR over the forecast duration. In the recent past, cooking popularity as a habit among millennials has surged. Factors such as easy availability of various recipes online coupled with the growing preferences for a healthy lifestyle are driving the market growth.

Increasing middle-income group customers and rising living standards of customers are driving the product demand across the globe. Young consumers are more inclined towards such products. Western consumers are increasingly using this product while hosting dinner parties and celebrating birthday parties.

Product Insights

Based on the product, the manual slicer accounted for the highest share in the market of over 73.0% in 2019. The availability of different kinds of products is a key factor driving the segment growth. Manual slicer provides better control, high accuracy along with clean slicing of a variety of food products. Increasing interest in cooking shows has led to a rise in demand for household slicers for home cooking. For example, various TV shows such as Top Chef Masters, Chopped, Hell’s Kitchen, and MasterChef attract a huge number of consumers, especially millennials.

On the other hand, the automatic slicer segment is projected to witness a 6.4% CAGR over the forecast duration. Factors such as rising disposable income and the rapidly increasing tourism industry are further proliferating the demand for automatic slicers. Europe witnessed nearly 270 new hotels and resorts in 2019 with over 38,000 new rooms. Thus, rapid growth in the hospitality sector is estimated to augment the demand for the product over the next few years.

Market Share Insights

There is tough competition among market players, especially from leading players as they have a huge customer base. Companies are focusing on implementing different strategic initiatives such as merger & acquisition, partnerships, geographical expansion, and introduction of the new product to consolidate their market position. The production of sustainable slicers for household applications is also gaining traction among industry players. Major market players are Foodmate, Sirman, Hallde, Devile Technologies, Swedinghaus and Wente-Thiedig GmbH among others.

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Regional Insights

In 2019, North America accounted for the highest share in the household slicer market with over 33.0%. Increasing demand for comfortable, sleek, and stylish slicers is driving the product demand in this region. Steel-made slicers are gaining traction among users owing to benefits such as high durability and easy handling. Further, this trend is estimated to drive the development of new products and innovation in the market.

On the other hand, Asia Pacific is likely to register over 6.0% CAGR over the forecast duration. Countries such as India, China, South Korea and Japan are the key markets in the region. Increasing penetration of utility slicers in the region has led to rising in demand for medium and low-priced products in the region. Further, the rise in purchasing power in the emerging countries is attributed to better living standards, which in turn, has driven product demand.

Impact of COVID-19

The outbreak of the COVID-19 virus has negatively affected the market. In the early stage of the pandemic, panic buying has led to rising in sales of kitchen products including household slicer. However, over the period, the lockdown has resulted in low production and demand for the household slicer. Further, disruption in the supply chain has significantly affected the distribution of the product, which in turn, adversely affected the market growth. Nonetheless, with the resumption of various economic activities, household slicer production has increased. Manufacturers should focus on the production of low and medium-priced slicers to consolidate their market position.

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Industrial Microwave Heating Equipment Market Product Benchmarking, Process Outlook & COVID-19 Impact Insights, 2027

The global industrial microwave heating equipment market size is anticipated to value USD 1.77 billion until 2027. It is also expected to register a CAGR of 6.21% over the forecasted years, 2020 to 2027. The increasing need for lowering operational and maintenance costs coupled with surging awareness about industrial pollution is projected to drive the market growth.

One of the advantages of such equipment is that they do not heat the furnace walls and the surrounding atmosphere. Thus, several statutory governing bodies are promoting the usage of industrial heating equipment. As these products are eco-friendly in nature and can be used for a wide range of industrial applications, their demand is expected to upsurge in the upcoming years.

Market Share Insights

The key players operating in this market are L3 Electron Devices, Communications and Power Industries LLC, Muegge GmbH, Richardson Electronics, Ltd., CoberMuegge LLC, and Teledyne e2v Limited. Continuous innovation and product developments are being carried out by these players for enhancing the usage of their products.

They are also focusing to develop inorganic strategies of growth like acquisitions, mergers, and joint ventures for widening their geographical reach and to gain a cutting edge over other players. Also, an increase in the number of services being offered and the widening of distribution channels are being undertaken by these players to boost their market share.

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End-Use Insights

The food end-user segment accounted for the largest share across the global market in 2019. It is also expected to witness around 7.0% CAGR in the upcoming years. This can be associated with the rising adoption of heating equipment for processes like foaming, cooking, blanching, tempering, puffing, sterilizing, and drying.

The segment of plastic is anticipated to register a CAGR of around 6.0% in the upcoming years. This can be associated with the usage of such equipment for procedures like optical fiber melting having higher polypropylene content, preheating of plastic profiles, and the drying of casting cores.

Regional Insights

Europe is anticipated to register significant growth from 2020 to 2027 with a CAGR of around 6.0%. Favorable policies being imposed by the statutory governing bodies over industrial usage of RF equipment/microwave and rapid industrialization are the major factors contributing to this growth. Moreover, the surging adoption of RF amplifiers across developed regions across Europe is anticipated to propel the demand for such products.

North America and the Asia Pacific jointly accounted for a share of around 50.0% across the global industrial microwave heating equipment market in 2019. This can be associated with the rising presence of chemical, food, and paper industries across these regions. Latin America and Middle East & Africa are expected to register moderate growth over the forecasted period, 2020 to 2027.

COVID-19 Impact Insights

The market has been affected negatively due to the ongoing COVID-19 pandemic. The imposition of lockdown and travel restrictions has severely affected the manufacturing sector across the globe. Numbers of industries are witnessing shut down owing to reduced demand for the products, hindrance in the supply chain, and economic instability. But, innovation and product development being undertaken by the key players are expected to drive the market growth to some extent over the post-pandemic period.

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Distributed Fiber Optic Sensor Market Top Players Financial Performance and COVID-19 Impact Insights, 2025

The global distributed fiber optic sensor (DFOS) market is estimated to touch USD 1.87 billion, by 2025, and is projected to grow at the CAGR of 10.8% over the forecast period, 2019 to 2025, according to a new report by Million Insights. The increasing demand from oil & gas and civil engineering application is projected to spur market growth. Fiber optics are highly reliable in streams, pipes, and reactors wherein manual inspection is difficult. In addition, they are helpful in health monitoring, and security applications for preventing any intrusion.

Growing demand for sophisticated structure in industrial automation, for enhanced urban mobility is boosting the demand for fiber optical sensors. Governments across the globe are emphasizing on developing new projects and conserving their existing infrastructure. This has substantially increased investment in railway, dam, and road construction projects. Furthermore, rapid development in the civil engineering sector is anticipated to proliferate the demand for fiber optic sensor.

Market Share Insights

Leading players in the market include Schlumberger Limited, Halliburton, Yokogawa Electric Corporation, Qinetiq Group PLC, OFS Fitel, LLC, Omnisens SA, AP Sensing GmbH, Luna Innovations Incorporated, and Brugg Kable AG.

Key players in the market engage in strategic activities such as new product launches, acquisitions to remain competitive in the market. For example, in 2018, Yokogawa Electric Corporation has introduced an optical heat detector namely DTSX1.

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Regional Insights

In terms of revenue, North America is projected to lead the market during the forecasted period. The growing adoption of fiber sensing technologies across the oil & gas industries are contributing to regional growth. Shale gas explorations in the U.S. market are primarily driving the demand for DFOS sensors. The U.S. is the highest oil and gas producer in the region.

In the Asia Pacific, safety & security and the infrastructure sector are boosting the growth of the regional market. The rising transportation sector in countries such as India and China is contributing to market growth. Furthermore, the growing need for a fast decision in the power utility, and civil engineering industry is expected to positively impact market growth.  The European market is projected to grow at a substantial rate due to technological development in fiber optical solutions.

Impact of COVID-19

COVID-19 pandemic has negatively impacted the globally distributed fiber optic sensing market. Coronavirus outbreak has interrupted the supply chain of the fiber optics industry. Several fiber optic sensor suppliers are located in the Chinese market. The country accounts for around 25.0% of global fiber optic productions. However, manufacturing units in China have resumed at limited capacity, thus, impacting positively the global demand for fiber optic sensors.

In North America, oil prices had dropped massively during the COVID-19 pandemic. However, rising shales gas exploration activities are projected to boost the demand for distributed fiber optical sensors. DFOS sensor helps in enhancing the downhole sensing capabilities of oil & gas companies.

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Electric Guitars Market COVID-19 Impact Insights, Product Benchmarking & Scope, 2025

The global electric guitars market size is projected to reach USD 1.5 billion by 2025 and registering a 3.3% CAGR over the forecast period from 2019 to 2025, according to new report by Million Insights. The rising number of music festivals and live concerts across the globe has majorly driven market growth. Moreover, the increasing importance of music among people is anticipated to drive product demand over the forecast period.

Product Insights

By product, the electric guitar market is fragmented into a solid body, semi-hollow body, and hollow body. The solid-body segment accounted for the largest market of more than 70.0%, in 2018. This product can amplify with a louder tone and they are highly dependent on amplification for robust performance along with greater responsibility.  Key manufactures such as Fender Musical Instrument, Karl Höfner GmbH & Co. KG, Gibson Brands, Inc, Ibanez guitars, Yamaha Corporation are implementing several marketing strategies such as new product development to fulfill the customer’s demand. For example, in 2017, Michael Kelly Guitar Co introduced ultralight guitar with the brand name ‘The 6-Pound Ax’. These guitars are 30% lightweight than conventional electric guitars. It has reduced around six-pound weight without compromising in sonic and styling quality.

Market Share Insights

The major players included in the market are Fender Musical Instruments, Karl Höfner GmbH & Co. KG, Gibson Brands, Inc., Yamaha Corporation, Cort Guitars Michael Kelly Guitar Co. Epiphone, and Ibanez guitars.

The global market is highly competitive in nature due to the presence of small and large players across the world. The key manufacturers offer technologically advanced electric guitars to fulfill the consumer's demand. EDM Music introduced the ‘Silveray’ brand named electric guitar in the musical show, in 2019. This product offers a single coil for high flexibility and one humbucker for robust performance. In addition, it comes in 5 sound settings. This product was launched to boost their visibility, thereby expected to drive the market growth in the forthcoming years.

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Regional Insights

The Asia Pacific accounted for the largest electric guitars market share of over 40.0%, in 2018 due to increasing demand in several countries such as India and China. Furthermore, China organizes international trade fairs intended for musical instruments every year. In 2018, the musical instruments trade fair witnessed over 110,000 people from 80 countries worldwide. This show opens new opportunities to promote musical instruments including an electric guitar.

North America is projected to grow with the highest CAGR of more than 3.5% over the forecast period. Arising number of live concerts along with living music shows are expected to augment the regional market growth. Major manufacturers operating in this market are Yamaha Corporation, Ibanez guitars, Fender Musical Instruments, and Gibson Brands, Inc., and they are announcing new variants to attract new customers and gain maximum market share. In 2019, Gibson Brands, Inc. introduced 25 electric guitars models in a musical show. This product line included ‘G-45 Standard’ and ‘G-45 Studio’, which is expected to surge the market growth during the forecast period.

Impact of COVID-19

The market has witnessed a significant impact due to the COVID-19 pandemic. Demand for music instruments including electric guitars, drums, ukuleles, and others have increased during lockdowns. The number of customers purchasing these instruments, as they seek new hobbies during the coronavirus shutdown. Beginners prefer to buy guitars through online channels. The growth has majorly over-served in countries such as U.K. and U.S.

However, the production of musical instruments slows down due to lockdowns across the globe. Several musical events and live concerts have been postponed or canceled. Moreover, musicians and composers are not able to compose their music at their own studios, which is expected to hamper the market growth to some extent.

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Laptop Market Impact of COVID-19, Financial Performance & Global Trends, 2025

According to new report of Million Insights, the global laptop market size is projected to account for USD 108.91 billion by the end of the forecasted year and is expected to grow with 0.4% CAGR over the forecast period, from 2018 to 2025. Increasing spending on consumer electronics devices coupled with evolving lifestyles is a key factor driving the market growth during the forecast period. In addition, growing demand for technologically advanced laptops in emerging countries owing to rapidly changing needs is expected to further drive the market growth in the next few years.

Factors such as growing adoption of wireless connectivity as well as mobility solutions with affordable prices among consumers are expected to surge the demand for laptops. Moreover, technologically advancement and homogeneous standardization of laptops are reducing power consumption, increasing processing power, and also reducing cost, thereby expected to drive the market growth during the forecast period.

Market Share Insights

The market is highly competitive due to the presence of various giants such as Dell; ASUSTeK Computer Inc.; HP Development Company, L.P., Acer Inc.; and Apple Inc. These key players are investing in research & development activities to develop technologically advanced laptops at affordable prices. This initiative is expected to help market players to strengthen their footprints in a competitive market. 

Further, OEMs are continuously focusing on strategies like partnerships, collaborations, and accusations to offer advanced feature laptops. For instance, in 2019, McAfee announced a collaboration with Dell to offer pre-installed security software on laptops and PCs across the globe.

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Impact of COVID-19

The covid-19 pandemic has witnessed a positive impact on the market. The sudden shift to remote learning and work from home during an outbreak of COVID-19 has increased the demand for laptops. Most people are preferring laptops due to their easy connectivity and mobility. During this situation, laptops are becoming an essential commodity for personal use and enterprises, as they are looking for security, connectivity, and mobility.

Several companies have introduced laptops with advanced features due to the sudden increase in demand for laptops. In June 2020, Lenovo has introduced the IdeaPad Slim 3 in the market and featuring, hybrid storage, Intel’s 10th generation processors, Wi-Fi 6, and others. Therefore, the growing demand for laptops among enterprises and home users is expected to drive market growth during the pandemic situation. 

Regional Insights

In terms of revenue, North America and Europe held more than 50.0% market share together, in 2017. The laptops market in these regions is saturated; thereby this is expected to result in a slow growth rate over the forecast period in terms of revenue. Factors such as longer replacement cycles and a lack of technological advancements are expected to hamper the demand for laptops in these regions.

Asia Pacific market is projected to grow at the highest CAGR in terms of revenue during the forecast period. Government support for reducing import duties imposed on spare parts of electronic devices is expected to drive regional market growth, especially in emerging countries. In addition, governments’ initiatives across emerging countries such as Make in India, Digital India, and Made in China 2025 coupled with increasing investment in e-commerce and retail sectors are expected to propel the demand for laptops in this region

Further, the Middle East & Africa, and Latin America markets are expected to witness substantial growth over the forecast period. This growth is attributed to growing awareness regarding the benefits of laptops coupled with rising spending on consumer electronics devices and developing internet infrastructures.

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Office Peripherals & Products Market Revenue Drivers, Product Insights and Impact of COVID-19, 2025

The global office peripherals and products market is anticipated to reach USD 51.65 billion, by the end of 2025, and is projected to grow at a CAGR of 5.4% over the forecast period, from 2018 to 2025, according to a new report by Million Insights Rapid urbanization in developing countries is opening up new businesses which are anticipated to propel the demand for office peripherals. In addition, increasing demand for products like shredders, scanners, and printers is also boosting the market growth.

Moreover, a growing number of offices in sectors such as telecom, BFSI, IT, educational institutes, and transportation are projected to impact positively on the market growth. Manufacturers are focusing a lot on investment in R & D and advanced technologies to gain a competitive edge over others. The consumers are seeking for new & innovative products, which are in turn anticipated to surge the demand for office products.

Market Share Insights

Leading players in the market include Canon Inc., Yale (ASSA ABLOY), Epson America, Inc., Royal Sovereign, ZY Tech Co., Ltd, HP, Ameri-Shred, and Ozone Group. Key players in the market focus on strategic activities such as acquisitions, and new product launches to remain competent in the global market. For instance, in 2017, HP has acquired Samsung Electronics Co, a printer business to increase its product portfolio. Similarly, Epson America has launched new products printer business specifically for small business operations.

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Regional Insights

The Asia Pacific and North America are the key regions with the highest number of shipments and demand for shredders, scanners, counterfeit detectors, and printers.

In the Asia Pacific, the growing economies such as Japan, India, Australia, and China are expected to be major contributors in the market. Additionally, the growing investment by the government for the development of office supplies along with the rising telecom and IT sector is supporting the market growth.

Increasing population, literacy rate, and rapid urbanization in countries such as China, and Japan is boosting the demand for office peripherals. Growing economies like India, Singapore, Indonesia, and South Asia countries are also contributing significantly to market growth.

In Europe, the rising penetration of Startups along with favorable government programs is impacting positively on the market growth. Moreover, financial aids such as taxation schemes are supporting the growth of the regional market.

Impact of COVID-19

The demand for office peripherals including printers, scanners, and others has foreseen decline owing to the closedown of major offices and disruption in the supply chain caused by the COVID-19 pandemic. For example, according to the IDC tracker, in India, the office peripherals market has witnessed demand fall by 16.5% between January and March 2020. 

The supply chain is disrupted because most of the vendors have their manufacturing facilities located in China. For example, HP’s majority of manufacturing facilities in China are now re-opening, however, the production is not at maximum capacity. Further, companies are expected to be more inclined towards online sales owing to the lockdown situation. In addition, during the pandemic people are staying at home and working from home, thus are purchasing office peripherals for their flexibility and comfort.

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