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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