Sunday, 20 November 2016

Household Cooking Appliances Market - Worldwide Invention Analysis, Growth, Trends Prediction 2024


The demand for consumer goods, specifically household cooking appliances, is highly influenced by the advancing technology across the world. The improved designs and enhanced efficiency, achieved by technological developments, has been reflecting positively on the sales of household cooking appliances over the last few years. Going forward, the trend looks enduring and points towards a rewarding future of this market.

According to Transparency Market Research (TMR), the opportunity in the worldwide market for household cooking appliances was US$42.20 bn in 2015. Rising at a CAGR of 3.80% during the period from 2016 to 2024, the market is projected to reach US$58.46 bn by the end of 2024.

Popularity of Cooktops to Reflect Positively in Sales

The key products of the global household cooking appliances market include cooktops and ovens. Among the two, cooktops and cooking ranges have been registering a higher demand. Gas cooktops, electrical cooktops, and induction cooktops are the main types of cooktops available in the global market. Of these, gas and electrical cooktops enjoy a high popularity among consumers at present. Electrical cooktops, particularly, is expected to witness a sturdy rise over the next few years and acquire the leading position in the overall market by 2024.

The awareness regarding the benefits of electrical cooktops, such as minimal risk, easy installation and handling, simplified cleaning process, effective management of heat, and cost efficiency, is likely to boost the demand for electrical cooktops significantly in the years to come. Apart from this, induction cooktops are also projected to experience a healthy demand in the near future.


Europe to Maintain Dominance on Account of High Awareness Level

Researchers consider North America, Asia Pacific, Europe, South America, and the Middle East and Africa as the main geographical segments of the worldwide market for household cooking appliances. Thanks to the rising demand for technically advanced products, the market for household cooking appliances in Europe has acquired the leading position among all the regional markets. The scenario is likely to remain same over the forecast period, with sales of these appliances crossing US$16.7 bn by 2024 in this region.

The soaring disposable income of consumers and the high level of awareness among them related to new products and technologies are expected to support the Europe market for household cooking appliances in the years to come.

Asia Pacific and North America are also anticipated to report steady growth in the demand for household cooking appliances over the forthcoming years. The increasing trend of replacing the conventional cooking appliances with their newer technically advanced versions is projected to propel the North America household cooking appliances market, whereas, the advent of e-commerce sector is emerging as the key driving force behind the progress of the market in Asia Pacific. 

The rise in consumers’ purchasing power is also expected to boost the Asia Pacific household cooking appliances market in the near future.
Robert Bosch GmbH, GE Appliances (Haier Group Co. Ltd.), AB Electrolux, Hitachi Appliances Inc., Koninklijke Philips N.V., Midea Group Co. Ltd., Whirlpool Corp., Miele Group, LG Electronics, and Samsung Electronics Co. Ltd. are some of the key manufacturers of household cooking appliances across the world.



Luxury Apparels Market - Worldwide Industry Analysis, Trend, Size, Share & Estimate 2024

Luxury Apparels Market: Snapshot
Since the historic times, only the rich could afford luxury apparels. Reserved for the elite class, the luxury apparels market has boasted an esteemed clientele comprising the high net worth individuals. However, over the years several designers and fashion brands have started reaching out the broader range of customers through affordable products. Big brands such as Louis Vuitton, Prada, and Versace are expanding to developing economies, which has not only improved their geographical reach but also won them a newer consumer base. The research report states that the opportunity in the global luxury apparels market will be worth US$60,793.7 mn by the end of 2024 from US$1,8842.69 mn in 2015. Between the years of 2016 and 2024, the global market is expected to expand at a CAGR of 13.2%. The increasing affordability of luxury apparels is attributable to the mass production of goods, which has transformed the 19th-century ways of dress making.
Consumer Preference Tilts toward Cotton due to Increasing Global Temperatures
On the basis materials, the global luxury apparels market is segmented into leather, cotton, denim, silk, and others. The report indicates that cotton dominates the global market as it held a share of 35.87% in 2015. The preference for cotton due to its convenience in hot and humid weather in regions such as Asia Pacific and the Middle East and Africa has triggered a monumental demand. The material has become ubiquitous in the clothing and fashion industry due to high terrific absorbency, comfort, and breathable nature of the fiber. Furthermore, high cotton production in India and China have also made Asia Pacific a frontrunner in the global market.
The leather is the next emerging segment in the global market. This material is being preferred due to its durability and ability adapt to myriad designs that characterize high fashion. The expensive nature of leather also makes it fit for luxury brands, who work on the premise of premium pricing of the exceptionally high quality of products. Furthermore, silk is also gaining a significant momentum due to smooth texture, softness, and the elegance it bestows to the overall design. The remarkable production of silk in India and China has also once again lent an impetus to the luxury apparels market of Asia Pacific.
Asia Pacific Emerges as Leading Segment as International Brands Garner New Consumers
In terms of regions the global luxury apparels market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Rest of the World. Presently, Europe has a strong footing in the global market due to the presence of several luxury brands and houses that have been in the business for several decades. However, analysts predict that Asia Pacific will undergo a radical shift in demand towards luxury apparels over the coming years. This demand will be dictated due to rising disposable incomes, changing lifestyles, improving standards of living, and the presence of several international brands in the emerging countries of Asia Pacific. The penetration of e-commerce is also likely to drive the growth of the global market in the coming few years.
Some of the key players operating in the global luxury apparels market are Kering, Versace, Prada, Dolce and Gabbana, Burberry Group Inc, LVMH Moet Hennessy Louis Vuitton SE, Giorgio Armani S.p.A. These players hold a dominant share in the overall market. The other prominent players in the market are Ermenegildo Zegna, Kiton, Ralph Lauren Corporation, and Hugo Boss AG.


Monday, 7 November 2016

Global Automotive Heat Shield Market - Surge in Vehicle Production across Developing and Developed Economies Spurs Demand

Albany, New York: The global automotive heat shields market is moderately fragmented, with the leading four players accounting for less than 50.0% of the market in 2015. These companies, namely Federal Mogul Corp., Dana Holding Corporation, Autoneum Holding AG, and Lydall Inc., have been investing in product innovation, technological advancement, and maintaining quality standards in order to retain their dominance in the market.

For instance, Dana Holding Corporation launched a new aluminum cooling technology in November 2014, which is especially designed for electric and hybrid vehicles. This technology enabled the company to strengthen its portfolio of thermal management products.

Transparency Market Research states that the global automotive heat shield market is set to expand at a strong CAGR of 9.7% from 2016 to 2024, with the opportunity presented by the market rising from US$11.4 bn in 2015 to US$25.3 bn by 2024.

Spark Plug Boot Heat Shields Most Attractive Product Type

Among all product types of automotive heat shields, exhaust shield insulation dominated the global automotive heat shield market in terms revenue, accounting for 22.5% market share. The spark plug boot heat shields segment, on the other hand, is projected to expand at a CAGR of 10.8% during the forecast period, emerging as the most attractive product type.

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In 2015, rigid heat shields accounted for the leading share in the global automotive heat shield market by type. Textile heat shields, on the other hand, are likely to exhibit the highest growth in the coming years. Geographically, while Asia Pacific led the global automotive heat shield market in 2015 with a 35.4% share, RoW is forecast to develop at an impressive 10.1% CAGR from 2016 to 2024.

Surge in Vehicle Production across Developing and Developed Economies Spurs Demand

One of the most obvious factors driving the demand for automotive heat shields is the proliferation of the global automotive industry. The surge in vehicle production over the years can be attributed to the rising disposable income of the global population. The automotive industry is now on the path toward recovery, even in countries in which its growth has been subpar over the recent past. This signals the imminent demand for automobiles and subsequently, automotive heat shields.

 “This trend is especially true for North America – a region that has undergone challenging conditions as far as the automotive sector is concerned,” the author of the study reports. “Rise in fuel prices, heavy competition, and high input costs have had a negative impact on the demand for automobiles in the region, which has, in turn, resulted in the limited demand for automotive heat shields.”

Rise in Raw Material Prices an Ongoing Challenge

Aluminum is the main raw material used for the manufacturing of automotive heat shields. However, the rising prices of aluminum has been inhibiting the global market. The London Metal Exchange (LME) reports that the price of aluminum has risen from US$1,400 per metric ton in October, 2015 to US$1,550 per metric ton in January, 2016. This price rise is expected to continue in the coming years owing to high exchange rates and physical delivery costs. This is expected to increase the cost of production, thereby restricting the automotive heat shields market.



However, the emergence of new vehicle segments, such as electric and hybrid, is likely to have a positive influence on the automotive heat shields market in the near future. Growing awareness among consumers regarding the harmful impact of carbons emissions on the environment has benefited the uptake of electric and hybrid vehicles in several countries. These new vehicle types require high-performance automotive heat shields and the integration and customization of heat shields with advanced technologies is likely to ensure innovative components for these vehicles, the TMR analyst notes.

Vertical Cavity Surface Emitting Laser Market: Biological Tissue Analysis to be the largest Application

Vertical Cavity Surface Emitting Laser (VCSELs) Market: Snapshot

VCSEL stands for vertical cavity surface emitting lasers. There is a current demand for efficient, low-cost, and compact illumination systems, replacing traditional thermal imaging systems. VCSELs are used for infrared illuminations since they offer a host of advantages, including low cost, high reliability, efficiency, narrow emission spectrum, and a low diverging cylindrical beam. Infrared illuminators, in turn, find application in surveillance, imaging, covert operations, and detection in several end-use industries such as the military. This has had a considerable impact on the demand for VCSELs.
The global market for VCSELs was valued at US$775.2 mn in 2015 and is expected to reach US$4,728.8 mn by 2024, growing at an impressive CAGR of 22.3% during the forecast period.
Optical Fiber Data Transmission Accounts for Dominant Share by Application

By raw material, the global VCSELs market is segmented into indium phosphide (InP), gallium arsenide (GaAs), gallium nitride (GaN), and others materials such as InGaAsN and AlGaAs. Gallium arsenide (GaAs) wafer-based VCSELs held the dominant share in the market in 2015 due to their compatibility with cavities between 800nm and 900nm. This has enabled the raw material to gain significant demand in the optical communications market.

On the basis of application, the global VCSELs market is categorized into chip scale atomic clocks, biological tissue analysis, computer mice, laser printers, absorption spectroscopy, analog broadband signal transmission, optical fiber data transmission, and others. Optical fiber data transmission held the leading share in 2015 and is expected to expand at a steady pace during the forecasted period. This is can be attributed to a growing network bandwidth worldwide.
Investments by U.S. Government in VCSEL Development Driving North America Market

In 2015, Europe dominated the global VCSELs market, primarily due to the recovery of several European economies from the debt-crisis. Countries in the region have been showing signs of recovery and as the euro strengthens, many manufacturers are renewing their production. This has provided the VCSELs market a vital boost.
The VCSELs market in North America has grown significantly over the years. The major trend that has supported this growth is heavy investments by the U.S. government in new VCSEL defense developments. Another factor driving the market in North America is the research undertaken by universities in this region to develop more efficient and stable laser diodes. The presence of many global semiconductor companies specializing in laser diodes has also benefited this market.
Asia Pacific is estimated to be a significantly attractive market for VCSELs manufacturers mainly because of the large-scale industrialization in this part of the world. Large companies are often inclined to opening subsidiaries or branches in emerging economies such as India in order to take advantage of cheap labor. The rapid growth of industrial automation in Asia is another factor boosting the demand for VCSELs in this region. The increasing demand for computers, LED displays, and communication devices in developing APAC countries is likely to lend a boost to the VCSELs market.
Key players in the VCSELs market include IQE Public Limited Company (United Kingdom), Finisar Corporation (United States), Broadcom Limited (Singapore), II-VI Incorporated (United States), Coherent, Inc. (United States), Panasonic Corporation (Japan), Newport Corporation (United States), Royal Philips Electronics N.V (Netherlands), Princeton Optronics Inc (United States), and Lumentum Holdings, Inc. (United States).

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Wednesday, 26 October 2016

Airport Information System Market - Industry Analysis Forecast 2023

Airport information system is designed to improve efficiency, customer service and on-time performance in aviation industry. It gathers real time data and presents it in various formats such as graphs, tables and diagrams. The airport information system provides the real time status of required aviation equipment and passenger flows in a dashboard format. This, in turn, allows management personnel to analyze data and carry out current historical performance comparisons. The airport information management system is flexible and can be easily integrated to monitor various passenger sensitive equipments such as escalators, conveyors, lifts, baggage count, flow rate and availability of check in desk. The airport information system helps to increase asset efficiency by monitoring the equipment status, and providing automatic alerts i.e. SMS, on-screen alerts and emails if problems arise
Airport information system market is segmented on the basis of function, application, cost, airport size, software and geography. On the basis of function, the airport information system market is segmented into airport operation control center (AOCC) and departure control systems (DCS). Based on the airport size, the airport information system market is categorized into class A, class B, class C, and class D. On the basis of application, the airport information system market is segmented into airside and terminal side. Based on software, the airport information system market is categorized into passenger system software and non-passenger system software. Based on cost, the airport information system market is segmented into integrated cost in airport information system, operational cost in airport information system and procurement cost in airport information system. Furthermore, on the basis of geography, the airport information system market is segmented into five major regions including North America, Asia Pacific, Europe, Middle East and Africa and Latin America.
Growing requirement for proper management in airport owing to increasing passenger traffic is one of the key factors driving the growth of airport information system market, globally. Major airports, particularly in Europe have upgraded the airport information systems by integrating kiosks to assist bag-tag printing. Frankfurt Airport in Germany, had initiated the adoption of real time management systems and advance passenger management systems. Growing importance of self-service airports is expected to boost the demand for airport information systems. Implementation of RFID in airport has proven to be the time saving option for passengers as well as airport personnel, thereby contributing to the enhanced customer satisfaction and staff productivity. High cost is required for implementing airport information systems and is not feasible for airports in developing countries. This is one of the factors inhibiting the market growth. Airports 
Increased demand for enhanced airport information systems has stimulated the industry participants to develop innovative products and focus on mergers and acquisitions to gain competitive advantage. Some of the key players in the airport information system market include SITA (Société Internationale de Télécommunications Aéronautiques) (Geneva), Ultra Electronic Holdings (UK), Rockwell Collins Inc.(U.S.),Amadeus IT Group SA (Spain), Siemens AG (Germany), Inform GmbH (Germany), International Business Machines Corporation (U.S.), Resa Airport Data Systems (France), Northrop Grumman Corporation (U.S.), and Ikusi S.A (Spain), among others.







Alternator Market Industry Analysis, Size 2023

An alternator is machine that generates alternation electricity. It is a type of generator by which mechanical energy is converted into alternating electrical energy. Alternator is also called as synchronous generator. By applications, the alternators are classified as automotive type, diesel electric locomotive type, marine type, brush less type and radio alternators. The automotive alternators experimentation expanded in the year 1949, based on their military applications during World War II. The power for modern vehicle electrical system is produced from an alternator when the car engine is in running state. In automobiles, alternators are also used for charging the battery. Therefore, the alternator is much simpler, lighter, cheaper and rougher than other DC generators used. Although motor vehicles electrical system generally needs direct current but an alternator with diode rectifier is better choice than a DC generator as there is no complicated commutation in it. Commutator is the moving part of a rotary electrical switch in electric motors as well as generators that reverses the direction of current between the rotor and external circuit in a period of time.
Alternator is also used in diesel electric locomotives. The alternating current produced is converted to direct current with the help of silicon diode rectifiers to run the traction motors which are used to drive the locomotive wheels. The alternator used in marine is typically designed with suitable adaptations to saline water environment. The brush type alternators are used in power electric generation plant as a main power source. The radio alternators are used for the transmission of low band radio frequency. On the basis of design, alternators are categorized into two major types which include salient pole type and smooth cylindrical type. The salient pole type alternators are the medium or low speed alternators having large diameters and small axial lengths. They look like big wheels and are used mainly in hydro power plant. The smooth cylindrical type alternators are used for steam turbines having a high speed rotor. 
Providing low costs offerings for alternators sourced from overseas would be a good opportunity for alternator market to significantly grow in the near future. The shift towards salient pole alternators from cylindrical pole alternators leads to increasing complexity, along with time, cost, as well as skill of remanufacturing, which makes these new products a better alternative. Therefore, in order to remain stiff in an increasingly competitive market, manufacturers should align their product line as well as distribution strategies with the market needs, while also considering geographic expansion.

The market for alternator is highly competitive and includes various key players such as Robert Bosch GmbH, Denso Corporation, Hitachi Automotive Systems, Ltd., Valeo SA, Mitsuba Corporation, Mitsubishi Electric Corporation, Hella Kgaa Hueck & Co., Lucas Electrical, Controlled Power Technologies Ltd., Asimco Technologies, Letrika Group, Lucas Electrical, Prestolite Electric, Remy International, Wonder Auto Technology, and Zhejiang Dehong Automotive Electronic & Electrical Systems Co., Ltd.

Tuesday, 25 October 2016

Personal Care Packaging Market to be Led by APAC

Personal care packaging refers to casing of products used for personal hygiene and beautification. The applications of these products include hair care, skin care and toiletries among others. Personal care products are packaged in glass bottles, stand-up pouches, paper bags, metal cans and containers among others. The growing demand for personal care products have led to the growth of the personal care packaging market. Raw materials such as plastics, paper, glass, aluminum and cloth among others are used in the manufacture of personal care packaging. Factors such as increasing awareness regarding personal hygiene, technological innovation in the packaging industry, growing demand for male grooming products, rising disposable income of the individual, and changing consumer lifestyle are primarily driving the market. However, rising number of regulations regarding packaging and manufacturing personal care products is expected to subsequently hamper the growth of the market, as the overhead costs may result in increased price of the finished product. Increasing demand for personal care products in BRIC countries is expected to open opportunities for the growth of the market in the near future. 

Flexible packaging was the largest product segment present in personal care packaging in 2012. Flexible packaging denotes packaging containers that are made up of easily flexible or yielding materials, which readily alter shape when filled with goods. Rigid packaging was the second-largest product segment in the personal care packaging market in 2012. Demand for paper in personal care packaging is likely to grow exponentially in the next few years as more and more consumers are looking for environment friendly packaging solutions. Glass bottles are available in various shapes, sizes and colors for applications such as fragrances, nail polishes and facial products. Metal packaging is expected to exhibit the lowest growth of all packaging materials in the personal care packaging market owing to factors such as heavy weight, fluctuating costs and lower aesthetic value.


 Skin care was the largest application segment present in personal care packaging market in 2012 on account of the growing awareness regarding healthy skin among consumers. Skin care was followed by hair care on account of the growing awareness regarding hair grooming and styling among consumers, particularly in Asia Pacific. Hair care is expected to be the fastest growing application segment of the market on account of the rising demand of hair care products such as hair gels, shampoos, hair coloring products, serums and conditioners among others. In addition, shower gels and liquid soaps have been gaining popularity in emerging economies of Asia Pacific and Latin America. Growing demand for anti-ageing cosmetic products is expected to drive the demand for cosmetics over the next few years. Other products in the end-use segments include oral care products, wet wipes and baby care products among others.

Demand for personal care packaging was the highest from Asia Pacific in 2012 and is expected to witness the highest growth over the next six years. Several factors such as rising demand for hair care, cosmetics and male grooming products, changing lifestyles, technological innovation in packaging are expected to drive the demand for personal care packaging in this region. Demand for personal care packaging is expected to be steady in developed markets of North America and Europe in the next few years with respect to application categories such as fragrances, bath & shower and skin care among others.

Companies such as Amcor Ltd., Bemis Company Inc., Mondi, Ardagh and Saint Gobain are key players present in the personal care packaging market. In addition, the personal care packaging market is highly fragmented due to presence of several medium and small scale manufacturers on a global as well as regional level.