Plastic Bags & Sacks Market – LLDPE and LDPE Sub-segments Projected for Healthy Growth

According to a recent study by a group of professional market research analysts at Transparency Market Research (TMR), the global plastic bags and sacks market is high fragmented and the competition is getting stiffer, with introduction of new products. Most of the vendors operating in this market have full capabilities, and regularly indulge in mergers and acquisitions to strengthen their position. Some of the key vendors identified by the TMR report that are currently functioning in the global plastic bag and sacks market are Mondi Group, Bischof & Klein GmbH & Co, Berry Plastics Inc., Novolex, AEP Industries Inc., Alpha Poly, Ampac Holdings LLC, Goglio Group, Arihant Packaging, Interplast Group, Da Nang Plastic Joint Stock Company, Hanoi Plastic Bag JSC, and Schur Flexibles Group.

As per the projections provided by the TMR report, the global plastic bag and sacks market will increment the demand at a moderate CAGR of 3.0% during the forecast period of 2016 to 2024, growing steadily from its evaluated worth of US$18.2 bn in 2015. Development of customized products based on end-users preferences and acquisition of unorganized players are two key strategies adopted by the market leaders to maintain their stronghold over the fragmented market.

Based on material, the TMR report segments the global plastic bags and sacks market into biodegradable and non-biodegradable. While biodegradable segment is further divided into polyhydroxyalkanoates (PHA), polylactic acid (PLA), and starch blend resin, non-biodegradable segment is bifurcated into low density polyethylene (LDPE), high density polyethylene (HDPE), polypropylene (PP), linear low density polyethylene (LLDPE), and polystyrene (PS). In the market in its present scenario, non-biodegradable accounts for the most prominent share of demand in the global plastic bags and sacks market in terms of volume, although biodegradable segment is projected for the best growth rate during the forecast period. Among the biodegradable plastics and sacks segment, HDPE sub-segment continues to serve the maximum demand, although LLDPE and LDPE sub-segments are anticipated to gain incremented demand in the near future.

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Based on product, the report segments the global plastic bags and sacks market into gusseted bags, trash bags, t-shirt bags, lay flat bags, woven sacks, and rubble sacks, while application-wise, the market has been bifurcated into retail and consumer including grocery products, food and beverages, and clothing apparel, and institutional, including hospitals and healthcare facility and hospitality.

Geographically, the report takes stock of the plastic bags and sacks market in the regions of Europe, Asia Pacific, North America, Latin America, and The Middle East and Africa. While Europe and North America currently serve the maximum demand, stringent environment regulations in various countries in these parts are expected to considerably obstruct the demand for non-biodegradable plastic bags and sacks, and force the vendors to innovate for bio-degradable products. Asia Pacific, on other hand, has slightly flexible environmental regulations, and hence is projected to expand the demand at most prominent rate during the forecast period of 2016 to 2024.

Rising Disposable Income Driving Demand

Plastic bag remain as common form of minimized packaging for consumers across the globe, as it slender raw material in comparison to cartoons, boxes, and jars. Factors such increasing disposable income among the urban population, improvement in global economic performance, advancements in biodegradable plastic bags and sacks, and increasing demand for consumer goods and grocery are some of the key factors driving the demand in the global plastic bags and sacks market.

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VVT & Start-Stop Systems Market – DOHC Represents Most Potent Chunk of Demand as Product Segment

In accordance with the projections of a market intelligence study by TMR, the demand pertaining to the international VVT & start-stop systems market is estimated to increment at an impressive rate of growth of around 9.2% CAGR over the period of forecast that extends from the year 2017 to 2025. The said report has assessed that the opportunities in the international market for VVT & start-stop systems across the world and the said market was worth at US$41,734.7 mn in the year 2017. It is also estimated that the revenue is likely to go up to a market valuation of around US$ 64.895.9 mn by the year 2022. With such apparent lucrativeness of the said market, the already existing market players are anticipated to stay fiercely aggressive in their strategies so as to compete with their rivals. New product development is anticipated to derive optimum focus of the market participants pertaining to the world market for VVT & start-stop systems, whilst most of the market players are also predicted to expand their geographical reach.

An up-to-date market intelligence report by Transparency Market Research (TMR) has found out that the world market for VVT & start-stop systems is mostly consolidated in nature so far as the present market scenario is concerned. It comes with a handful of international companies accounting for majority of the shares. The TMR report profiles some of the prominent names such as Schaeffler AG, Eaton Corporation plc, BMW, Delphi Automotive PLC, Mitsubishi Electric Corporation, Johnson Controls, Denso Corporation, Robert Bosch GmbH, Magna International Inc., Continental AG, Valeo S.A., Toyota Motors, Aisin Seiki Co. Ltd., and Hitachi Ltd.

Taking geographical segmentations into consideration, the region of Asia Pacific except Japan (APEJ) is estimated to be an extremely promising one in the world market for VVT & start-stop systems and the said region is expected to present market opportunities that is worth around US$ 22,947.1 mn by the end of the period of forecast i.e. by the year 2022. This sizeable chunk of demand is more than any other individual regional segment that has been studied under the purview of this report. The demand for VVT stop-start systems in the Asia Pacific except Japan region is anticipated to increment at a double digit CAGR of 10.2% over the said period of forecast and gaining traction from increased production of vehicles that are equipped with these systems together with rising disposable income amongst the urban populations that are living in this region. The region of North America comes as one of the most lucrative regions for the market vendors operating in the world market for VVT & start-stop systems. The said market is expected to expand at a CAGR of around 9.5% over the period of forecast so as to reach a market valuation of around US$ 11,589.2 mn.

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There are many factors that are contributing towards the growth of the said market. Some of the major factors are diminishing amount of fossil fuel, strict norms of emission across many of the developing and developed countries, growing preference for fuel efficient technologies, increasing price of fuels, and hybridization of vehicles.

Furthermore, due to fast and widespread urbanization and soaring disposable income of common people in various emerging economies such as China, India are further fuelling the market. Besides, the increased manufacturing of passenger cars including semi-luxury and luxury vehicles are also bolstering the said market.

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Industrial PC Market – Rising Adoption of Industry 4.0 and IoT Drives Adoption of Industrial PC Systems

The global industrial PC market features several players aggressively targeting technological innovation through research and development activities. The competitive rivalry among these companies is expected to remain high over the forecast period. The introduction of next-generation industrial PCs with smart energy solutions can help companies garner a competitive edge over their competitors. The key players profiled in the report include Advantech Co., Ltd., Beckhoff Automation GmbH & Co. Kg, Bernecker + Rainer Industrie Elektronik Ges.m.b.H., Captec Ltd., Industrial PC, Inc., Kontron AG, Landitec Distribution GmbH, Lanner Electronics Incorporated, MiTAC International Corp., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation, Inc., Siemens AG, and Schneider Electric S.E.

According to Transparency Market Research, the global industrial PC market is expected to reach a value of US$8,784.2 Mn by 2025. The market is estimated to expand at a CAGR of 10.7 % during the forecast period from 2017 to 2025.

Asia Pacific is likely to dominate the global industrial PC market in the coming years, closely followed by Europe and North America. The two developed regions are home to several key technological innovators in the market, leading to steady dominance of the two regional segments in the coming years. However, the Asia Pacific market for industrial PCs is expected to exhibit a robust 14.4% CAGR over the 2017-2025 forecast period, on the way to emerging with a dominant valuation of US$2,777.4 mn by 2025.

The emergence of Industry 4.0 and steady evolution of the IoT is resulting in an increase in demand from the global industrial PC market. The growing demand for smart energy solutions in industrial PCs is expected to bolster the industrial PC market in the long run. Rising use of IoT solutions in the industrial sector has led to growing amounts of data being generated in every operation, leading to a rise in the need for industrial PCs.

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The transformation of computing platforms due to the growing adoption of digitalization in a variety of sectors is an important trend that is expected to aid the growth of the industrial PC market. Manufacturers are integrating commercial PC technologies to provide customized solutions that users demand. This is achieved by integrating the latest technology solutions and control automation methods into commercial products, manufacturing equipment, and test stations. High demand for advanced Industrial PCs is also expected to contribute to the growth of the Industrial PC market.

High Prices Threaten to Derail Industrial PC Market

One of the most important restraints acting on the global industrial PC market is the high prices of industrial PC technology, which has limited its adoption to the higher end of the industrial sector. The rising government support to adoption of automation tools in the industrial sector could be a vital driver for the industrial PC market, as it will allow the industry sector in developing countries to adopt industrial PC systems in an efficient pricing structure.

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Trail Sports Accessories Market – Rising Trend of Community Sport Activities Boosts Growth

The global trail sports accessories market is distinguished by the presence of several large players that renders a competitive vendor landscape, states Transparency Market Research in a new report. Savvy players are expanding their product offerings, especially wearables, and are amplifying their marketing programs, as the market witnesses the entry of tech giants such as Apple and Samsung that have a strong branding.

Key players in the global trial sports accessories market include Amer Sports Corporation, Newell Brands Inc., V.F. Corporation, Deckers Outdoor Corporation, Adidas AG, Black Diamond Inc., Columbia Sportwear Company, Skechers USA Inc., Wolverine World Wide Inc., and Big Agnes Inc.

As per estimates of the report, the global trial sports accessories market will be worth more than US$2,000 mn vis-à-vis revenue by the end of 2022. Product-wise, the global trial sports accessories market could be segregated into shoes, backpack, tent, gloves , trekking pole, head lamps, helmet, and others. Shoes are likely to remain the most attractive product segment; the segment is anticipated to hold almost fifty percent market share over the forecast period. Geography-wise, Europe is the leading market for trail sports accessories, and the region is likely to continue to lead over the forecast period.

The trend of trail sports is raging among several age groups for health and leisure reasons. Trail sport is transforming into a mass phenomenon, with trail sports such as hiking and trail running gaining popularity among students, running clubs, and hip young runners. Hiking and trial running are also gaining pace for social causes that are being organized by non-profit organizations and social groups.

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The trail sports accessories market is witnessing the participation of technology companies. These companies are developing mobile apps and smart wearables for hikers and trail runners to enjoy the sport together, even at high altitudes. App developers are serving trial communities with their excellent work, and have enabled trial runners to run together, even at high levels. However, members of a trial community face challenges of orienting themselves, along with challenges of seeking a good application that can be used within the community. This is resulting into an increased importance of interfaces, which in turn, is creating demand for options related to transfer to other networks.

Quick Spread of Drawbacks of New Products among Community Members Impedes Growth

The wide selection of products for trail hike participants has also been a key factor boosting the growth of trail sports accessories market. However, the availability of a wide product range has made selection cumbersome. This is especially because tech giants such as Apple and Samsung are pushing their products through advertisements and marketing, thereby creating challenges for retailers.

The trial community mostly includes members that are technology users and displays great networking among them. This poses difficulty for manufacturers as drawbacks and pitfalls of new products are spread quickly among small number of members of a trial community. These factors might impede the growth of trial sports accessories market in the future.

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Luxury Furniture Market – Urbanization and Improving Disposable Incomes Stir Market Growth

According to a recent research report by Transparency Market Research (TMR), leading players within the global luxury furniture market are increasingly setting up their manufacturing units in emerging economies on account of reduced cost of both operations and investment. The most commonly used strategy adopted by majority of the players within the global luxury furniture market is the use of aggressive marketing methods so as to make a solid good impression on customers. Leading players profiled within the report are Muebles Pico, Nella Vetrina, Laura Ashley Folding PLC, Scavolini S.p.A., Henredon Furniture Industries Inc., Giovanni Visentin srl, Iola Furniture Ltd, Turri S.r.l, and Heritage Home Group LLC.

According to TMR, the global luxury furniture market is expected to rise from US$22,937.6 mn in 2017 to reach US$29,496.7 mn by 2022 expanding at a healthy CAGR of 5.2% between 2017 and 2022. On the basis of material, it is expected that wood will emerge as a leading segment in the luxury furniture market and expand at a healthy CAGR of 5.8% from 2017 to 2022. On the basis of geography, it is Europe which will emerge as the most lucrative market for luxury furniture and reach the figure of US$8,779.6 mn by 2022. In addition to Europe, the Middle East will also be an attractive market in years to come on account of the growing hospitality sector. Asia Pacific will also be a lucrative market for luxury furniture on account of the growing disposable income of the people as well as rapid urbanization. China will emerge as the consumer of luxury furniture within the Asia Pacific region.

One of the key factors favoring the growth of the luxury furniture market is the emergence of various distribution channels. The convenience of online shopping as well as increasing visibility of luxury furniture through displays in malls and furniture shops are together bolstering the growth of the global luxury furniture market. The powerful branding and marketing strategies adopted by key players is also benefiting the market. In addition to this, manufacturers are continuously adding new products to their existing line of furniture items which will drive more customers towards purchasing luxury furniture items.

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Easy EMI Options Driving More Customers to Purchase Luxury Furniture

The trend of e-shopping and facility of paying bills safely through Internet banking will also aid the growth of the market. Moreover, with easy EMI options an increasing number of middle class consumers are also able to afford luxury furniture. Growing disposable income of the people is also supporting the growth of the luxury furniture market across the globe. This is because an increase in the income has led to a shift in the preference of consumers from ordinary furniture to luxury furniture items. The increasing inclination towards purchasing luxury items which act as status symbol and value to spaces are some of the other factors boosting the demand for luxury furniture.  The growing desire to own furniture that is rare, exclusive, and unique in their crafting similar to an art piece will propel the growth of the global luxury furniture market.

One of the challenges hampering the growth of the global luxury furniture market is the growing awareness among consumers regarding the negative impact on the environment on using wooden furniture. As wood is a major revenue earning material segment, it may affect the growth of the market in the years to come. The growing availability of fake luxury furniture items which are priced at a much lower rate and built with low quality materials is threatening the growth of the luxury furniture market. On a bright note however, the booming construction and real estate industries are expected to propel the growth of the luxury furniture market. In addition to this, the increasing number of high net worth individuals will also drive the growth prospects of the global luxury furniture market.

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Field Hockey Equipment Market – Rising Awareness of Cardiovascular Benefits Drives Interest in Field Hockey

The field hockey equipment market is likely to exhibit rapid growth in the coming years thanks to the rising popularity of field hockey and the increasing number of urban users taking an interest in the sport. The increasing televised coverage of field hockey tournaments and the consequent rise in the demand to formalize field hockey leagues in several developing countries has led to significant demand from the global field hockey equipment market. The field hockey equipment is also likely to benefit from the rising adoption of online shopping channels by urban consumers, as it has made it increasingly easy for consumers to purchase field hockey equipment. While field hockey is still less popular than sports such as football, the growing commercial scope of the sport is likely to lead to strong growth of the field hockey equipment market in the coming years. The rising awareness about the benefits of cardiovascular exercise is also likely to drive interest in field hockey, thus driving the global field hockey equipment market.

According to Transparency Market Research, the global field hockey equipment markethad a valuation of more than US$1.6 bn in 2017. Driven by the rising institutional adoption of field hockey, the global field hockey equipment market is likely to exhibit steady growth over the 2017-2022 forecast period and is expected to reach a valuation of close to US$1.8 bn.

Global Field Hockey Equipment Market: Key Insights

Field hockey shoes are likely to remain the leading revenue generator for the global field hockey equipment market in the coming years. Shoes accounted for 47.9% of the global field hockey equipment market in 2017, the segment being valued at US$772.6 mn. The shoes segment is likely to exhibit a strong 2.3% CAGR over the forecast period, rising to a valuation of US$866.5 mn. The segment’s share in the global field hockey equipment market is expected to rise to 48.1% over the forecast period, driven by the consistent product development in the footwear sector and the increasing commercial scope of sports footwear.

Europe is the leading contributor to the global field hockey equipment market due to longstanding popularity of the sport in Central European countries such as Germany and the Netherlands. The Europe field hockey equipment market is expected to exhibit a steady 2.3% CAGR over the 2017-2022 forecast period and is expected to end up at a valuation of US$675.4 mn.

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The dominance of countries such as Germany, the Netherlands, and Australia on the international level has helped the field hockey equipment market in the respective regions. The Asia Pacific except Japan (APEJ) market for field hockey equipment is thus also likely to exhibit steady growth in the coming years due to rising demand from Australia as well as the increasing interest in hockey in the Indian subcontinent. The APEJ field hockey equipment market is expected to rise to a valuation of US$520.7 mn over the 2017-2022 forecast period at a solid 2.2% CAGR. Japan is also likely to emerge as a key market for field hockey equipment in the coming years, with the market expected to be valued at US$66.1 mn by 2022.

Growing awareness among the population about the cardiovascular benefits of field hockey is likely to remain a key driver for the field hockey equipment market. Field hockey is an extremely physically demanding sport and provides comprehensive physical benefits. As a result, individual as well as institutional preference for field hockey is increasing, leading to growing demand from the global field hockey equipment market. The rising availability of field hockey equipment on online shopping portals is also likely to remain a key aid for the global field hockey equipment market over the coming years due to growing preference for the convenience of online shopping shown by urban users.

Competitive Dynamics

The global field hockey equipment market features numerous leading players such as Grays International, Mazon Hockey, Gryphon Hockey, Adidas AG, Osaka Hockey, OBO, and TK Hockey. The field hockey equipment market is likely to retain a high degree of fragmentation in the coming years due to the presence of lucrative commercial opportunities across the world and the extensive scope for small-scale local manufacturers.

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Remote Diagnostic Market – Early Adoption of Technology Makes North America Leading Segment

Players in the global remote diagnostics market are raising the competition bar through product differentiation and after-sales support and service to customers, notes a new publication by Transparency Market Research (TMR). Among them, Robert Bosch GmbH, Continental AG, OnStar LLC, Mercedes-Benz, Magneti Marelli S.p.A., Delphi Automotive plc, Softing AG, Voxx International Corporation, and Vector Informatik are a few key companies.

A report by Transparency Market Research forecasts the global remote diagnostics market to register an impressive 14.8% CAGR between 2017 and 2025. If the figure holds true, the market’s valuation of US$12.88 bn in 2016 is expected to reach US$42.04 bn by 2025.

Depending upon application, the global remote diagnostics market can be segmented into roadside assistance, vehicle tracking, state alert, crash notification, and training assistance. Of these, in 2016, the segment of roadside assistance stood as the leading contributor in terms of revenue. Increasing demand for safety and security features of vehicles is the key factor stirring growth of roadside assistance segment.

The segments of the remote diagnostics market in terms of vehicle type are commercial vehicles and passenger vehicles. Of the two, passenger vehicles led the market in 2016 revenue-wise.

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The key geographical segments into which the global remote diagnostics market is divided are North America, Asia Pacific, Middle East and Africa, Europe, and Latin America. North America powered by the U.S. led the market in 2016 in terms of revenue due to early adoption of technology.

Vehicle Safety Regulations Stokes Growth

At the forefront of driving growth in the global remote diagnostics market are strict regulations for emissions and fuel economy across the world. Government agencies issue emission standards in order to curb hazardous vehicular emissions. This is where remote monitoring systems are useful to monitor carbon and other harmful gases emitted from vehicles. In 2011, the U.S President announced an agreement with key automakers to double fuel efficiency to nearly double to 54.5 m.p.g, by means of which motorists can save fuel costs up to US$1.7 trillion over the lifespan of vehicles. While vehicular emission standards are region specific, the use of remote vehicle diagnostics ensures that vehicles discharge particulate matter within permissible limits. This factor is likely to greatly influence the remote diagnostic market during the forecast period.

Additionally, demand for remote vehicle diagnostics solutions is on the rise as part of technological advancement of the automotive industry. Connectivity technologies that are used in remote diagnostic solutions include Bluetooth, 3G/4G, and GPS.

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Another significant growth driver of the market is increasing demand for safety and security and awareness about vehicle diagnostics. This is because consumers in developed and developing countries are opting for remote diagnostics systems for four service areas, which are GPS navigation, wireless safety communication, integrated hands free cell phones, and automatic driving assistance systems. Moreover, increasing safety standards in place by governments is also responsible for the increased use of remote diagnostic systems.

Concerns of Vehicle Hacking Crimps Growth

Despite several driving factors, there are several factors restraining the growth of remote diagnostic market. The key among them is concern related to data security. This is because modern vehicles are equipped with hi-tech devices to observe the status of the vehicle at all times. However, this poses risk of vehicle hacking using computer-generated information with respect to vehicle functionality and driver information.

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