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Showing posts from October, 2022

Dermatology Excimer Laser Market registering a CAGR of 10.0% over the forecast period

  Dermatology Excimer Laser Industry Overview The global dermatology excimer laser market size was valued at USD 390.5 million in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 10.0% from 2021 to 2028. Excimer 308 nm laser is a form of targeted phototherapy that delivers specific wavelengths of ultraviolet B (UVB) radiation. These lasers deliver UVB light to affected areas of the skin while leaving healthy skin tissues unaffected. Excimer lasers are highly customizable and have different handpieces that enable providers to administer the specific level of UV wavelengths needed by each patient. These lasers have been proven effective in treating skin conditions like vitiligo, psoriasis, atopic dermatitis, etc. with high success and low recurrence rates. Although the COVID-19 pandemic had a major impact on the global market, many aesthetic professionals believe that pandemics might most likely propel the overall aesthetic market. Many dermatology clinics...

North America Automotive Plastics For Exterior Trim Market is expected to expand at a CAGR of 3.8% from 2021 to 2028

  North America Automotive Plastics For Exterior Trim Industry Overview The North America automotive plastics for exterior trim market size was valued at USD 19.57 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.8% from 2021 to 2028. The automotive industry in North America has witnessed a significant change over the years due to the growing trend towards lightweight vehicles to improve fuel efficiency. Plastics are a vital part of this rising trend as they are capable of providing substantial weight reduction, which results in reduced cost of the vehicle and improved fuel efficiency. Automotive exterior trim helps to increase the vehicle's aesthetic appeal and protect the vehicle from the damage that can occur from the external surrounding. Furthermore, exterior trims are used to enhance the vehicle's aesthetic appeal. The automotive exterior trim not only provides aesthetic appeal but also features such as prevention from dents, scratc...

China Power Tools & Hand Tools Market expanding at a 6.7% CAGR from 2021 to 2028

  China Power Tools & Hand Tools Industry Overview The China power tools and hand tools market size was valued at USD 7.53 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.7% from 2021 to 2028. In terms of volume, the market is projected to reach 224.7 million units by 2028. The growth can be attributed to growing domestic consumer spending on construction, the rising popularity of Do-It-Yourself (DIY) and Do-It-for-Me (DIFM) for home improvement, and a notable rise in infrastructure development projects under the One Belt One Route (OBOR) initiative. Additionally, rapid industrialization and the surge in the number of construction projects in Guangdong, Jiangsu, and Zhejiang provinces could also bode well for the market growth over the assessment period. Gather more insights about the market drivers, restrains and growth of the China Power Tools & Hand Tools Market The Chinese power tools and hand tools market faced a decline in s...

Sun Care Products Market is expected to expand at a CAGR of 4.0% from 2021 to 2028.

  Sun Care Products Industry Overview The global sun care products market size was valued at USD 10.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2021 to 2028. The rising concern about skin protection against detrimental rays of the sun and improved alertness regarding skin cancer are the major factors driving the growth of the market. The COVID-19 pandemic has declined the sales for sun care products, due to consumers shifting to the work from home model. Owing to this factor, consumers around the world limited their travel in 2020 for leisure, recreational activities, and sports events, this, in turn, reduced the consumption by the consumers. Gather more insights about the market drivers, restrains and growth of the Global Sun Care Products Market In the U.S., adult cream emerged as the largest segment of the market for sun care products in 2020. With the growing awareness for harsh chemicals used in cosmetics and their har...

Mobile Computer Market expanding at a CAGR of 4.2% from 2021 to 2028

  Mobile Computer Industry Overview The global mobile computer market size was valued at USD 4.64 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028.   The need for a rugged mobile computer device that can gather inventory data and withstand at least a 5-foot drop, dust, dirt, and moisture is driving the market growth. Furthermore, the need for aligning the workflow with the appropriate mobile solution among industries is generating the demand for mobile computers across manufacturing, transportation, warehouse, and other industries. The market is constantly witnessing demand for these rugged devices as they can also read barcodes from a greater distance, making them appropriate for scanning vehicles passing from the toll or cartons stored at height in warehouses and ports.   Gather more insights about the market drivers, restrains and growth of the Global Mobile Computer Market   The demand for mobile ...

North America And EMEA Ferrosilicon Market size is expected to reach USD 3.81 billion by 2028

  North America And EMEA Ferrosilicon Industry Overview The North America and EMEA ferrosilicon market size was valued at USD 3.10 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 2.6% from 2021 to 2028.   The market is expected to gain momentum owing to the growth of solar energy coupled with the driving shift toward Electric Vehicles (EVs) over the forecast period. The rising market growth was, however, hampered in 2020 owing to the emergence of the novel coronavirus. The pandemic restricted all industrial operations, which had a major impact on the demand and production across the world. Ferrosilicon production was significantly affected in the first half of 2020, as the raw material movement was impacted owing to the lockdown imposition in various nations.   Gather more insights about the market drivers, restrains and growth of the North America And EMEA Ferrosilicon Market   The U.S. holds a significant position in the...

Premium Hair Care Market size is anticipated to reach USD 31.17 billion by 2028

  Premium Hair Care Industry Overview The global premium hair care market size was valued at USD 18,758.5 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2021 to 2028.   The overall personal care industry has a significant dependence on the chemicals and pharmaceutical industry for raw materials used in the final products. Thus, any price variations in these sectors have repercussions across the market. The market in the U.S. held a significant share in 2020, which is mainly attributed to the rising popularity of premium hair care products, such as hair colors, conditioners, and styling products. This market’s growth is also fueled by the launch of innovative plant-based products.   Gather more insights about the market drivers, restrains and growth of the Global Premium Hair Care Market   The market in the Asia Pacific region is expected to register the fastest growth rate during the forecast period due to the ris...

Europe Wood Activated Carbon Market size is expected to reach USD 62.7 million by 2028

  Europe Wood Activated Carbon Industry Overview The Europe wood activated carbon market size was valued at USD 36.3 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.1% from 2021 to 2028.   The market is anticipated to be driven by the high efficacy of the wood activated carbon in removing impurities due to its superior adsorbing properties. The market is anticipated to be driven by the high demand from water and air filtration applications and the food and beverages industry. The product is used as a water and air purifier filter and a decolorizing agent in the food and beverage industry. The increased demand for air purifiers due to increasing awareness regarding health concerns can exponentially drive the product demand over the forecast period.   Gather more insights about the market drivers, restrains and growth of the Europe Wood Activated Carbon Market   In Germany, the market for wood activated carbon is expected t...

Bioethanol Yeast Market size is expected to reach USD 32.67 billion by 2028

  Bioethanol Yeast Industry Overview The global bioethanol yeast market size was valued at USD 11.42 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 14.04% from 2021 to 2028.   The product demand is anticipated to be driven by the increasing consumption of alcoholic beverages, bakery products, etc. There has been a significant decline in demand for petrochemical-based raw materials owing to the shift towards bio-based raw materials. The production and consumption of bioethanol are highly influenced by its demand in the end-use industries. Thus, any fluctuations in the demand from end-use industries are anticipated to directly impact the demand and prices of bioethanol.   Gather more insights about the market drivers, restrains and growth of the Global Bioethanol Yeast Market   Furthermore, disruptions in the supply chain, such as difficulty in raw material sourcing due to the restrictions on trade and inconsistency in logist...

Latin America Maintenance, Repair & Overhaul Market size is likely to reach USD 41.01 billion by 2028

  Latin America Maintenance, Repair & Overhaul Industry Overview The Latin America maintenance, repair and overhaul market size was valued at USD 28,344.9 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2020 to 2028.   Growth in the frequency of the replacement cycles to reduce the production downtime by the players involved in industrial manufacturing is expected to drive the market over the forecast period. The market in the region was impacted by the onset of the pandemic, which led to the suspension of the manufacturing activities coupled with the postponement of maintenance, repair and overhaul (MRO) activities. In addition, suspension in the supply chain due to border closures also resulted in a decline in the sales of MRO products in the region resulting in a decline in the industry growth.   Gather more insights about the market drivers, restrains and growth of the Latin America Maintenance, Repair & Overha...

Healthcare Customer Data Platform Market size is expected to reach USD 1.6 billion by 2028

  Healthcare Customer Data Platform Industry Overview The global healthcare customer data platform market size was valued at USD 215.4 million in 2020 and is expected to expand at a CAGR of 27.2% from 2021 to 2028.   Customer data platforms integrate a variety of information, structured as well as unstructured, and work with various data sets to transform the results into useful insights to drive the growth of the business. Customer data platforms draw out the insights with the help of sources such as personally identifiable information, third-party data, and streaming data of customer journey. The customer journey sources include user-level data, email cookies, contact numbers, social media profiles, purchase history, website trackers, emails, and CRM data.   Gather more insights about the market drivers, restrains and growth of the Global Healthcare Customer Data Platform Market   The COVID-19 pandemic has had a dampening effect on business operations. Cust...

Urban Planning Software And Services Market size is anticipated to reach USD 192.35 billion by 2028

  Urban Planning Software And Services Industry Overview The global urban planning software and services market size was valued at USD 141.37 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028.   Factors such as high investment in computers and software and an increase in spending on non-residential construction projects are fueling the demand for urban planning software and services. The growing urban population worldwide is also boosting the demand for urban management solutions and services. For instance, according to the projection of the United Nations (UN), nearly 68% of the world’s population is expected to live in urban areas by the year 2050.   Gather more insights about the market drivers, restrains and growth of the Global Urban Planning Software And Services Market   The COVID-19 pandemic, which led to the imposition of lockdowns in several countries, created major disturbances across a rang...

Sailboat Market size is expected to reach USD 7.03 billion by 2028

  Sailboat Industry Overview The global sailboat market size was valued at USD 5.84 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 2.4% from 2021 to 2028.   The growth can be attributed to continuous research and development initiatives and a rise in the number of virtual trade shows. Companies are focused on the development of innovative, new yachts developed using ultra-modern production techniques and materials. The latest innovations and technological advancements made on the boats and boat engines help in increasing the demand for sailboats and help market players to maintain their market positions. The COVID-19 pandemic has contributed to digitalization in the industry. The prospects of virtual shows and live-streaming in near future are anticipated to create growth opportunities for the market.   Gather more insights about the market drivers, restrains and growth of the Global Sailboat Market   The COVID-19 pandemi...

Event Management Software Market size is anticipated to reach USD 14.48 billion by 2028

  Event Management Software Industry Overview The global event management software market size was valued at USD 5.84 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.5% from 2021 to 2028.   Substantial increase in the number of entertainments, gaming, and sports events being organized over the past few years and subsequently, the growing need for software solutions that can streamline the management of events are some of the factors that are expected to drive the growth of the market over the forecast period. The demand for event management software is anticipated to increase in the post-COVID-19 era as well, as both SMEs and large enterprises gradually migrate their IT infrastructure to cloud networks to enhance business continuity and improve business operations.   Gather more insights about the market drivers, restrains and growth of the Global Event Management Software Market   Event planners and organizers are usin...

Pediatric Dental Market size is expected to reach USD 14.13 billion by 2028

Pediatric Dental Industry Overview The global pediatric dental market size was valued at USD 8.87 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2021 to 2028. The market growth can be attributed to the technological advancement in dental procedures. The COVID-19 pandemic led to the shutdown of dental clinics, thereby negatively impacting the market growth for pediatric dental. Few kids have a dental phobia that needs another option for effective and safe treatment in sedation dentistry. Nitrous oxide is general anesthesia that is now used in pediatric dentistry. In pediatric dentistry, painless oral injections are used to improve the patient experience. The tools and methods are used to reduce the amount of pain and help ease dental anxiety in kids. This method allows procedures more quickly and with better patient compliance. This factor is anticipated to drive the market.   Gather more insights about the market drivers, restrains an...

U.S. Self-checkout Systems Market expanding at a CAGR of 11.3% from 2021 to 2028.

  U.S. Self-checkout Systems Industry Overview The U.S. self-checkout systems market size was valued at USD 1.26 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.3% from 2021 to 2028.   The changing consumer preferences to purchase products offline after experiencing and testing products personally are prompting retail store chains in the U.S. to install self-checkout systems to enhance the consumer experience, thereby driving the growth of the market over the forecast period. The strategies being pursued by the operators of retail outlets in the U.S. to roll out self-checkout systems as part of the efforts to serve a larger customer base and gain a competitive edge over their rivals are expected to contribute toward the growth of the market. The continued advances and automation in the U.S. retail industry also bode well for the growth of the market over the forecast period.   Rising employee costs and real estate costs coupled...

Automotive Exhaust Systems Market is expected to expand at a CAGR of 6.2% from 2021 to 2028

  Automotive Exhaust Systems Industry Overview The global automotive exhaust systems market size was valued at USD 44.79 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028.   The demand for automotive exhaust systems is directly dependent on automotive production and sales units. Thus, the increasing sales of passenger cars and commercial vehicles across developed and emerging economies are driving the demand for automotive exhaust systems globally. Moreover, stringent government standards associated with carbon emissions are expected to drive the market over the forecast period as gasoline and diesel engines emit toxic gases and particles that are hazardous to the environment.   Gather more insights about the market drivers, restrains and growth of the Global Automotive Exhaust Systems Market   Governments across the globe are imposing stricter regulations for vehicular emissions in an attempt to reduc...