Wednesday, 10 June 2020

Functional Apparel Market Trends, Outlook and Key Players 2019-2027

  June 10, 2020    No comments
The global functional apparel market is anticipated to clock an impressive 13.5% CAGR during the forecast period between 2019 and 2027. At this pace, the market will be valued at US$ 892.4 bn by the end of 2027. 
Major brands such as NIKE, Puma, Adidas, and Mizuno offer application-specific footwear and apparels. Functional apparels can be classified based on type of sport and application. Based on type of sport, they are classified into running shoes, volleyball shoes, etc. Functional apparels with advanced technology are commonly made of microfiber or polyester fabric that absorbs sweat from the body onto the fabric surface, where it evaporates. As a result, these apparels keep athletes dry and comfortable.
Similarly, all types of functional clothing are designed to provide heating and cooling effects as required. In case of cold weather, the apparel retains energy and resists heat loss. Functional socks feature anti-blister system, active odor control, and durability. They stay dry and comfortable for a long time. Increasing awareness regarding beneficial features of these functional apparels and footwear is drawing customers’ attention toward them instead of conventional clothing and footwear.
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With the presence of a large number of players that offer application-specific products, the global functional apparel market is fragmented, states Transparency Market Research in a new report. Players in the market are investing substantially in innovative technology to introduce novel products that offer flexibility, durability, and comfort. Research and development to introduce eco-friendly fabric to serve the demand for eco-friendly performance clothing is also the focus of players in the functional apparel market. Such initiatives will help market players expand their brand into new categories.
In terms of type, the functional apparel market is divided into sportswear, outdoor apparel, footwear, socks, and innerwear. Among them, the footwear segment is anticipated to display faster growth rate over the forecast period. In terms of region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is one of the key region of functional apparel market. As individuals are adopting physical activity and fitness regimes, the demand for sportswear apparel and footwear with sweat-free, antimicrobial, and anti-odor features is anticipated to be on the rise in the region.
Demand Of Scientific Principles for Product Manufacture
Growing prevalence of skin allergies and foot allergies is driving the demand for sweat absorption and anti-bacterial features in functional apparel. The adoption of scientific principles in the manufacture of functional apparels offer protection from heat, radiation, extreme cold, and chemicals. These attributes help functional apparel find special potential among technology-savvy users. Highly engineered athletic footwear helps in improving athletic performance and helps reduce injuries.
High Investment in Research & Development
Fabrics are made hi-tech by using chemicals and other methods, which are not eco-friendly. However, at present, consumers have become highly conscious about the environment. They demand eco-friendly performance clothing. In such a scenario, players operating in the functional apparel market have started research and development activities to introduce innovative performance apparels that are natural too. Some of the apparel manufacturers have started utilizing the potential of natural fibers such as bamboo-, soy-, and corn-based fibers for the same purpose.
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Remote Control Products - Hobby Market Manufactures and Forecast 2027

  June 10, 2020    No comments
Transparency Market Research delivers key insights on the global remote control products - hobby market. In terms of revenue, the global remote control products - hobby market is estimated to expand at a CAGR of 3% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global remote control products - hobby market report.
In this market report, TMR predicts that rising frequency of various racing events (regional and international) across all categories of remote control products has encouraged several experienced as well as budding hobbyists to take interest in hobby grade remote control products.
These events have not only attracted the potential customers to the market but also encouraged innovations among manufacturers of RC products. During the first quarter of year 2020, more than 19 such top-level events were registered in the U.S. alone. Some of the other major countries known for such events include China, Hong Kong, Singapore, the U.K., and Dubai. Furthermore, in various locations across major markets, including North America, Europe, and Asia, hobbyists have the facility to race among various remote control racing groups.
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Increasing number of local race tracks is also one of the factors contributing to the growth of hobby remote control products. Although a few of the large RC tracks have closed in the past couple of years, emergence of several small scale, local tracks is anticipated increase in the coming years. This trend is further likely to encourage local participation and enable people to access the racing events without the need to travel long distances.
In terms of product type, remote control cars held the highest market revenue share in the global remote control products - hobby market in 2018 and are expected to remain dominant during the forecast period. However, in the coming years, the trucks and drones segments are anticipated to expand at a substantial pace. Enthusiasm for off road racing is expected to fuel the demand for monster trucks in the coming years. The versatility of remote control off-roading makes it a suitable hobby for busy people.
Based on age group, the 18-34 years segment led the remote control products - hobby market in 2018. The population falling in this age group are the people with high spending capability and keen interest in remote control products. Sound knowledge of technological advancements in RC products and skills to operate these new RC products in the market make the 18-34 years age group the most promising population group for the RC products – hobby market.
Majority of RC products hobby manufacturers are located in Asian countries, particularly in China. Some hobbyists across the globe still prefer the conventional method of buying these products, which is through specialty stores. In addition, rising adoption of e-Commerce globally, and ability of sellers to promote sales of products at relatively lower cost is likely to drive the online distribution channel.
Remote Control Products - Hobby Market: Prominent Regions
Geographically, Asia Pacific led the remote control products - hobby market in 2018 and the region is expected to retain its dominance during the forecast period. Majority of remote control products hobbyists’ population resides in the Asia Pacific region, which accounts for more than 20% of the global remote control products market. In addition, Asia Pacific, being a noteworthy manufacturing base for the remote control hobby grade products industry makes it a prominent market globally.
Remote Control Products - Hobby Market: Key Players
The competition landscape of the remote control products - hobby market is highly fragmented with leading players accounting for nearly 50% of the revenue share. Key players operating in the global remote control products - hobby market include Traxxas, Redcat Racing, Horizon Hobby LLC, Artsana S.p.A, Silverlit Toys Manufactory Ltd., HPI Racing A/S, DJI, Kyosho Corporation, World Tech Toys, and Tamiya Inc.
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Car Rental Market Types, Trends in Future, Scope to 2024

  June 10, 2020    No comments
The competitive landscape of the car rental market is moderately fragmented in nature. This is mainly due to the presence of several international and domestic players in the market. The increasing dominance of giant players in the market is dragging the market towards consolidation, says Transparency Market Research(TMR). Some of the prominent players operating in the car rental market are Enterprise Rent-A-Car, Sixt SE, Europcar, The Hertz Corporation and Avis Budget Group.
The players in the market are primarily focusing towards enhancing their services so as to improve their customer base and gain profitability in the market. Along with this, players are focusing towards acquisitions and mergers, business expansion and innovation to strengthen their market share.
For instance, in March 2019, Sixt SE, a prominent player in the car rental market launched a mobility app in order to facilitates customers with several other services and boost personalisation. In the same way, in December 2018, The Hertz Corporation, incopated the use of a online platform called the Hertz Fast Lane in their servies.  This platform helps in carry out and speed up the entire vehicle rental process with the help of a biometric.  
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According to TMR, the global car rental market is projected to witness a astonishing double digit CAGR of 14.40% during the forecast period that between 2014–2024. The opportunities in the market is projected to touch a valuation of US$290.07 bn by 2024. 
On the basis of geography, North America is expected to dominate the global car rental market during the forecast period. This is mainly due to the presence of several veteran players in the region. Based on transportation mode,  the airport transport segment is expected to  hold sway in the overall market, thanks to the significant rise to the air traffic and  rapid strides taken by industrialization in several parts of the world. 
Integration of Advanced Technologies in Mobile Application to Drive Market Growth
The global car rental market is projected to garner a remarkable growth rate in the coming few years. This is mainly due to the factors such as global upsurge in travel and tourism activities coupled with improving road infrastructure. Along with this, rise in disposable incomes, surge in leisure and business trips and increasing investments by the global players are some other factors expected to fuel the car rental market in the coming few years.
 Car rentals are the car services offered by players to the common people for a particular time duration at an agreed amount. Integration of advanced technologies such as  real time monitoring, GPS and digital transaction are some other factors that played a crucial role in the growth of the car rental market. 
Advent of Ride Sharing Application to Hamper Market Prospects
The growth in the car rental market is hampered due to the advent of ride sharing application which help professions offer rise to other profession is expected to impede market growth. Along with this, stringent governmental regulation towards the vehicle emission is projected to curb market growth in the car rental market  in various developing and developed nations.
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Aerospace Filters Market to Witness an Outstanding Growth by 2017-2025

  June 10, 2020    No comments
Filters are equipment that prevents dirt, solid particles and debris from entering and accumulating in the aircraft engines, hydraulic system, aircraft cylinders, cabins and others places. Air filters plays a very crucial role in the maintenance and efficiency of the aircrafts. It helps in enhancing performance & efficiencies, and providing clean air for passengers. These filters helps in reducing maintenance costs and ensures safer and smooth operation.
Various manufacturers provides specific filters that can be used in low temperature environments, without the need for antifreeze or mechanical heating systems With rising disposal income of continuously expanding population around the globe, especially in the developing economies demand for aircrafts, rising demand for replacement of aerospace filters, rising demand for military UAVs and increasing regulations on emissions of aircrafts are some of the primary factors driving the growth of the global aerospace filters market during the forecast period.
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Aerospace filters are comprises of filtering materials, that help in separating impurities from fuels as well as prevent contamination of the fuel. However, existing backlogs in aircraft deliveries is restraining the growth of the aerospace filters market. At present, various environmental safety regulatory bodies has imposed standards with an aim to lower carbon emissions from commercial planes to tackle the rising pollution issues, and this is expected to create ample opportunities for aerospace filter manufacturers to come up with more advanced high-efficiency particulate air filters.
The global aerospace filters market is segmented on the basis of type, application, end-use, platform, aircraft type and region. On the basis of type, the market is segmented into air filters and liquid filters. Furthermore, the market is segmented on the basis on its applications into Hydraulic Systems, Engine, Cabin, Avionics, and Others. Hydraulics system and engine is the most common applications in aerospace filters market. Hydraulics filters is used to clean the hydraulic fluid and preventing foreign particles from entering in the system.
If such dirt particle were not removed, the entire hydraulic system of the aircraft could fail through the breakdown or malfunctioning of a single unit of the system. Presently, today’s engine uses advanced lubricants and oils to run at higher temperature, that resulting in need for advanced filtration technologies for optimum performance.
On the basis of end-use, the global aerospace filters market is segmented into commercial aviation, business aviation and military aviation. Based on platform, the global aerospace filters market is segmented into fixed-wing platform and rotary-wing platform and lastly, the market is segmented based on aircraft type into narrow body aircraft, wide body aircraft, very large body aircraft and others.
In the region wise study, the global aerospace filters market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America which comprises the US and Canada captured significant market share followed by Europe and Asia Pacific in 2016. Asia Pacific showed the fastest growth rate during the forecast period due to the emerging economies. China represents huge potential for the aerospace filters industry with the rising energy utility programs in the country. The U.S. and Germany are expected to be the second largest market after China.
The global aerospace filters market is highly fragmented with number of companies operating in the segment. Leading players are currently focusing on providing cost competitive products to the customers and certain strategies such as agreements and acquisitions. Some of the key players engaged in aerospace filters market include various manufacturers such as Parker Hannifin Corporation, Freudenberg & Co. KG, Donaldson, Inc., Pall Corporation, Clarcor, Inc., Porvair PLC, Amphenol Corporation, Camfil, Swift Filters, Inc., Holllingsworth & Vose, PTI Technologies, Recco Filters, Ltd., Purolator Facet, Inc., Norman Filter Company, Eaton Filtration and Others.
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Military Personal Protective Equipment Market Estimated to Flourish at by 2016-2024

  June 10, 2020    No comments
Major players in the military personal protective equipment market survive the tough competition by being progressively innovative, notes TMR in a recently published report. Technological advancements are a key emphasizing factor for the competitive landscape. From an overall perspective, healthy and neck-to-neck competition amongst the prominent organization is forcing the market to evolve in a fast manner. In 2015, the leading organizations held a market share of 52.2% with respect to the product sales, thus depicting a consolidated scenario. Some of the prime market players are: ArmorWorks, BAE Systems, Du Pont, Revision Military Inc. Honeywell Advanced Fibres, DSM Dyneema, Eagle Industries Unlimited Inc., and several others.
According to the published report, the global military personal protective equipment market had a valuation of US$11.23 in 2015, which is anticipated to be calculated at US$19.09 bn until 2024. This improvement in the valuation is predicated to occur at a CAGR of 6.1% from 2016 to 2024.
Body Armor Segment Predicted to Maintain Leading Segment Position
The global market for military personal protective equipment is divided into several segments based on three criteria: product type, application and regional extent. Of all the segments encompassed by this market, the body armor segment held the leading position, and is further expected hold its ground by 2024, by acquiring a share of 33.1% until the same year. Apart from this, the pelvic protection systems segment is also predicted to rise significantly during the same forecast period.
From a geographical perspective, the global military personal protection equipment market is divided into five key regions: Asia Pacific, Saudi Arabia, Europe, North America, and Latin America. As per the published report, the North America is projected to hold a dominating market share until 2024. This is mainly due to immense technological innovations happening in the countries belonging to this region. Asia Pacific is following in close footsteps behind North America, thus anticipated to hold the second spot regarding the market shares.
With an intense and volatile situation in the Middle East region as well as in other Asian countries such as India and Afghanistan, there is a high demand for utilizing military protection equipment in these geographies. Such a high demand has been one of the most crucial and significant factors for maintaining the growth of the global military protection equipment market.
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Coupled with this is the rise in number of ground troops and cavalry units used for combat operations that also has led to a boost in the market, thus positively contributing towards the revenue. Until recent times, in many warfare affected regions, there has been no sign of conflict abatement, which further signifies that there is immense scope for the global military protection equipment market to grow in the future.
Apart from war-based scenarios, there has been a rising need for providing clothing protection to paramilitary forces and other troops who could be needed to control situations such as terrorist attacks, riots, hostage scenarios, and robberies. Such a requirement is anticipated to maintain the upward-leading graph of the global personal protection market in the near future. As long as inter-regional conflicts and tensions as well as situations that hamper overall communal peace exist, the global personal protection market is expected to fetch an excellent revenue.
A significant hindrance to the global military personal protective equipment market involves substantial defense budget cuts being brought into effect by U.K. and the U.S. Even other developed countries as Germany and Canada are expected to change the way defense based situations are handled, which could cause a fall in the global personal protection equipment market’s revenue.
However, such mandates take a long time to take effect, thus providing some leeway for the market to grow at least during the current times. With progressive technological innovations, the cost and production rates of the protection-based products are anticipated to decrease. In this way, the regulations and bills expected to be passed by countries could become less stringent, thus being a boon for the market.
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Man-portable Anti-armor Weapons Market Set to Witness an Uptick during to 2017-2025

  June 10, 2020    No comments
The global market for man-portable anti-armor weapon is likely to see a positive growth over the coming years. According to a report by Transparency Market Research (TMR), a substantial 58% of the overall market revenue was held by the top four market players in 2016, making it a consolidated market. Yet, a number of small- and medium-sized enterprises are doing brisk business in regional markets, on account of their swiftly developing economies. The prominent players are expected to engage in the pursuit of valuable contracts from administrative and defense organizations in governments, who are constantly on the lookout for technologically advanced weapons and armor. Recently, Bharat Dynamics Ltd made a contract with the Indian Ministry of Defense to provide them with Milan-2T-Anti-tank guided missiles for the Indian Army. Prominent vendors in the global man-portable anti-armor weapons market are General Dynamics Corporation, MBDA Missiles Systems, Thales Group, Lockheed Martin Corporation, and Raytheon Company.
Our report predicts that the global man-portable anti-armor weapons market, which stood at US3.64 bn in the year 2016, will likely rise to US$6.38 bn by the end of 2025. Thus, over the forecast period from 2017 to 2025, the market in all probabilities will register a 6.5% CAGR.
Asia Pacific Region to Clock in Swiftest Growth Rate
While North America continues to dominate the market share in revenue since 2016, Asia Pacific is anticipated to witness a brisk growth rate. This could be attributed to the rising number of research and development activities being undertaken in the field of lightweight weapons in the region. Countries like India and China are heavily investing into developing anti-armor weapons of low weight. South Korea and other countries in the Asia Pacific expend vast amount of money in the procurement of man-portable anti-armor weaponry.
Based on type, our report segments the overall man-portable anti-armor weapons market into anti-tank rifles, anti-aircraft missiles, recoilless rifles, and rocket propelled grenades. Among these, recoilless rifles are foretold to continue holding a substantial share in the market. The segment is expected to showcase a high growth rate among others. This significant demand could be on account of the rising utilization of these rifles in defense applications.  
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Research in Lightweight Weaponry to Propel Market Upswing
The surge in use of portable weapons in defense has increased considerably in the past few years primarily because of the increment in urban warfare. Such type of warfare demands mobility man portable weapon systems for rapid operations against the enemy station. Lightweight weapons provide significant anti-bunker, anti-tank, and anti-personnel capabilities to ground troops. This has, in turn, led to an increased focus on research and development activities aimed at the introduction of modern lightweight technologies to destroy armored tanks, vehicles, and aircrafts.
The swift increase in the defense budgets all over the world and the urgent need to fortify the law enforcement and defensive agencies are egging governments to invest heavily in the research and development of robust and advanced ammunition. In present times, defense budgets across the globe have increased significantly, leading to further upswing of the global man-portable anti-armor weapons market.
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Aircraft Engines Market to Make Great Impact in near Future by 2019-2022

  June 10, 2020    No comments
The worldwide aircraft engines market is anticipated to draw a good amount of demand attributable to the rising requirement of cutting edge private and commercial aircrafts, states Transparency Market Research (TMR) in a research report. This might be a direct result of the foray of new aircraft organizations into the market and network development of the firms as of now working in the market. The continuous need to take over from or supplant outdated aircrafts is another factor promoting demand for aircraft engines.
GE Aviation's launch of the M601H-80 Turboprop Derivative Engine II-49 and other new engines with different pattern on account of constant thrust on innovationss is expected to bring more sales in the market. Similar efforts by other leading players in the market for aircraft engines is also predicted to benefit growth and intensify competition.. The players operating in the market are Honeywell Aerospace, Safran. MTU Aero Engines, IAE International Aero Engines, Engine Alliance, CFM International, Pratt & Whitney, GE Aviation, and Rolls-Royce plc.
The worldwide aircraft engines market is anticipated to gain a value of US$92.3 bn by2022-end at a CAGR of 6.4%. In 2017, the market pulled in a revenue of US$67.8 bn. As far as application is concerned, the market is classified into general, military, and commercial. Out of these applications, commercial is anticipated to display a commanding revenueof US$46.0 bn by 2022-end. It could exhibit a 6.7% CAGR and rise by about US$2.5 bn every year. The different products in the global market for aircraft engines are turboprop, turbofan, and turboshaft.
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Region-wise, North America is expected to command  a titanic share in revenue. By the end of 2022, this region could acquire a valuation of US$41.2 bn. Japan, will likely rise at a sluggish pace to rake in a revenue of US$5.8 bn by the end of the forecast period.
Need for Advanced Mechanical Inputs to Benefit Market in Long Run
An aircraft engine is the piece of the impetus system for an aircraft used to create mechanical power. In an aircraft motor, air is attracted at the front through a gulf, packed by a fan, blended with fuel and combusted, and after that expunged as hot, quick moving fumes at the back, which propels the plane forward.
The need for shorter journey time is driving innovation in the aircraft engine market.;
Growing Air Traffic to Play Key Role in Market Development
The worldwide aircraft engines market is anticipated to sustain its development in the face of growing air traffic.The demand for fuel-proficient aircrafts is forecasted to rise in the backdrop of stringent laws being framed to protect the environment.
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Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...