Bearing Market 2020 Growth Prospects 2027, Top Companies

Transparency Market Research delivers key insights on the global bearing market. In terms of revenue, the global bearing market is estimated to expand at a CAGR of 7.5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global bearing market report.

In this market report, TMR predicts that the increase in demand for vehicles and other industrial products is anticipated to proliferate the demand for bearings in the coming years. Increasing urbanization has resulted in generation of more demand for several industrial products, thus leading to surging industrialization. Boost in international trade and globalization has augmented the economy of several emerging nations, which also benefits the growth of the bearing market. Additionally, technological advancements in various industry verticals have contributed to the growth of the market. High-end technologies such as smart bearings help manufacturers to monitor bearing operations constantly.

The bearing market is primarily driven by growing demand from the automotive sector. Demand for automotive bearings has grown substantially with the increase in production of motor vehicles across the globe. In addition, rising demand from steel industry, railways, and defense and aerospace industry has also contributed to the growth of the bearing market globally. The need for energy efficiency in process industries has also improved the worldwide demand for bearings significantly.

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However, low manufacturing cost of products is resulting in the entry of several local manufacturers and also creating a threat of counterfeit products. Currently, counterfeit bearings are showing up in the marketplace in large volumes. Some unscrupulous companies are mislabeling inferior-quality counterfeit bearings as brands from reputed bearing companies. It is often hard to tell the difference between genuine and counterfeit bearings. Counterfeit products are not manufactured according to given standards, which is anticipated to have an impact on business in the coming years.

Ball bearings held the dominant market revenue share in the global bearing market in 2018 and are expected to remain dominant during the forecast period. The demand for ball bearings can be attributed to their wide range of applications in motor engines, automotive wheels, railway coaches, hard drives, and consumer durables. Growing automobile production and rapid industrialization in emerging economies of Asia Pacific is also expected to drive growth of the bearing market during the forecast period from 2019 to 2027.

The automotive segment led the bearing market in 2018 and is expected to retain its share in the near future. The dominance of this segment is due to the rise in the production of motor vehicles across the globe, which has increased by 2.7% in 2019 as compared to the previous year. Aerospace equipment is analyzed to be the major growing application segment for bearings and is expected to attain significant growth in the next few years.

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Bearing Market: Prominent Regions

The Asia Pacific region led the bearing market in 2018 and is expected to continue its dominance in 2027. The region’s dominance is due to increasing production of automobiles in Japan, South Korea, China, and India. Moreover, rapid industrialization in the region is also contributing to the growth of the bearing market. Europe and North America followed Asia Pacific in the global bearing market to collectively account for more than 40% of the global market revenue share.

Bearing Market: Key Players

Key players operating in the global bearing market include NSK Ltd., Schaeffler AG, JTEKT Corporation, SKF, The Timken Company, MinebeaMitsumi Inc., NTN Bearing Corporation, Dahler, RBC Bearings Incorporated, and Rexnord Corporation.

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Swimming Pool Equipment Market Growth, and Forecast to 2026

Swimming pool equipment are defined as a combination of electronic and mechanical devices designed to manage pool water sanitization, filtration, and circulation either individually or in combination with each other. Swimming pools equipment are used for the installation of new pools and for the operation and maintenance of pools. Swimming pool equipment include filters, pumps, return jets, cleaners, and heaters. These equipment are designed for cleaning and maintenance of swimming pools. Major players have been using aggressive marketing strategies and developing diverse product portfolios to gain market share. This, in turn, has increased the availability of swimming pool equipment in varied quality, size, utility, and capacity. 

Demand for swimming pool equipment is projected to increase at a rapid pace during the forecast period. Rise in interest in sports and increase in awareness about leading a healthy lifestyle are key drivers of the swimming pool equipment market. Additionally, the demand for swimming pool equipment is increasing due to the growth of the construction & infrastructure industry, which enhance the demand of new swimming pools construction and provides services such as maintenance, centralized control, and improvisation of existing pool bases.

Additionally, rise in participation in swimming sport activities and increase in number of water sports enthusiasts are boosting the swimming pool equipment market. Furthermore, the global market is anticipated to expand due to the boom in the tourism industry, increase in urban population, growth in construction activities, surge in swimming club memberships, and rise disposable income. Rise in demand for market consolidations, technological innovations, personal pools, and robotic pool cleaners are some key trends in the swimming pool equipment market. Seasonality of sales & climate uncertainties, rise in raw materials prices, and strong competition in key business countries are likely to restrain the market. 

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The global swimming pool equipment market can be segmented based on pool classification, type, cycle mode, water temperature design, application, and region. In terms of pool classification, the swimming pool equipment market can be bifurcated into indoor and outdoor. Based on type, the swimming pool equipment market can be categorized into power equipment, filtration equipment, disinfection equipment, constant temperature equipment, and sewage suction equipment.

In terms of cycle mode, the swimming pool equipment market can be segregated into downstream, counter current, and mixed flow. Based on water temperature design, the swimming pool equipment market can be segmented into heated pool and non-constant temperature pool. In terms of application, the swimming pool equipment market can be divided into residential and commercial. Based on region, the global swimming pool equipment market can be classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America is anticipated to account for a significant share of the swimming pool equipment market during the forecast period due to factors such as large number of swimming pool enthusiasts, presence of well-established swimming pool infrastructure, rise in equipment manufacturing units, and increase in the number of sports championships in the region. Asia Pacific and Europe and are likely to be prominent regions of the swimming pool equipment market due to the imports of premium swimming pool equipment’s by both residential pool as well as commercials pool owners.

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Key operating players in the swimming pool equipment market include Emaux Water Technology, Adolph Kiefer & Associates, LL, Desjoyaux, In The Swim, Hayward Industries, Inc., Pentair Ltd., DSL Tech. Group, Waterco, Laswim Pool and SPA equipment Co. Ltd., Aqua Industrial Group, and Expertos en Piscinas y Spas AstralPool. These players are expected to sponsor championship events in the next few years. The replacement rates of equipment are expected to rise due to the introduction of technological advancements by major players. 

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Bath Bomb Market Opportunity, Industry Status and Forecast 2026

A bath bomb is defined as the hard-packed mixture made from dry ingredients which dissolves when wet and is used to add scent, essential oils, bubbles, or color to bathwater. Bath Bombs are considered as the detoxifying, relaxing or immune boosting bathing material. The major ingredients used in bath bombs include a bicarbonate base and a weak acid which are unreactive in dry state but when dissolved in water reacts vigorously and produces their characteristic fizzing in a few minutes.

The other ingredients in the bath bomb vary considerably but majorly include scented ingredients along with dye to impart color and a pleasant fragrance to bathwater. Sodium lauryl sulfate, a lathering agent is also used in bath bombs to create bubble foams. Bath bombs are generally spherical, but are also available as lumps or tablets. Bath bombs can be prepared at home as well, besides being available in a wide range at supermarkets. Various manufacturing companies have started utilizing bath bomb machines to increase the production rate of bath bomb. These machines have the capability to produce hundreds of bath bombs per hour.

Increasing population of working women and their preference for aromatherapy and cosmetics for relaxation is expected to be the major driver influencing the market growth of bath bombs over the forecast period. Furthermore, increasing trend of giving luxurious gifts to friends and family on special occasions is also projected to boost the bath bomb market growth in coming years. Additionally, the rising preference of customers to apply essential oils as part of their routine, and benefits associated with essential oils is expected to drastically influence the market growth of bath bombs over the forecast years.

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Bath bombs hydrate and nourish the skin due to presence of essential oils, which is drastically influencing the demand for bath bombs amongst women. Essential oils present in bath bombs such as peppermint essential oil helps to soothe tired muscle; eucalyptus essential oil provides relief from flu, cold, and sinusitis; and citrus oil gives an energizing feeling. All these are considered as a form of aromatherapy, which is expected to influence bath bomb market demand over the forecast period. Baking soda, Epsom salt, citric acid, oil, witch hazel and their associated benefits have influenced women to use bath bombs, thus driving their demand across the globe.

The global bath bomb market can be segmented based on type, application, and region. Based on type, the bath bomb market is categorized into bath bomb with essential oil, bath bomb with sea salt, and others. Bath bomb with essential oil is expected to contribute majorly to the market growth in terms of revenue over the forecast period. Increasing preference and awareness about essential oil usage is expected to be a major factor for the growth of bath bombs over the forecast years. The application segment of the bath bomb market is segregated into household, beauty salon or spa, and others.

Based on region, the bath bomb market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to contribute majorly to the bath bomb market growth in terms of revenue over the forecast period. Better awareness among women with growing working women’s population is expected to drive the market growth in the region. Furthermore, Asia Pacific region is expected to witness tremendous growth in the bath bomb market over the forecast years.

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Prominent players operating in the global bath bomb market are Village Naturals, Yumscents, Schone, Aromatherapy, Essence of Earth, LUSH, Rejuvelle, Soul and Soap, Hugo Naturals, Amor Bath Bombs, and Oliver Rocket.

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Artificial Plants Market Analysis with Key Players, Applications, Trends and Forecasts to 2026

Artificial plants, also known as faux plants, are made of high-quality plastics and fabrics such as polyesters. Artificial plants and flowers are an ideal way of adding beauty and color to a space for long term. Such plants can sustain in any weather condition, in both commercial and residential settings, with approximately no maintenance cost. Artificial plants, flowers, and trees are made from a wide variety of materials; however, polyester has become the first choice of manufacturers due to its availability and its affordability. Other materials used to manufacture artificial plants are silk, cotton, latex, paper, parchment, rubber, sateen (for large, bold-colored flowers and arrangements), and dried materials, including flowers and plant parts, berries, feathers, and fruits.

The global artificial plants market is anticipated to grow at an exponential rate in the near future. Demand for artificial plants and trees has increased rapidly in the last few years owing to improvement in design and technology in the products. In addition, artificial plants last for long period of time, and do not involve any maintenance cost. This is anticipated to increase the demand for artificial plants in the next few years. Additionally, artificial plants are increasingly becoming popular among the millennial. Lack of availability of time required for caring of real plants is anticipated to thrive the demand for artificial plants. Moreover, some people tend to develop allergies to certain types of real plants, which is not the case with artificial plants. This drives acceptance of artificial plants among customers.

However, unlike real plants, artificial plants do not release oxygen in the air and do not help in reducing volatile organic compounds (VOCs) from the air. This proves to be a restraining factor for the growth of the artificial plants market. Artificial plants are manufactured through advanced technologies to make them resemble real plants; however, this adds to their cost and makes them less affordable. Advanced technologies are prevalent in developed countries such as U.S., Canada and many countries in Europe. However, such technologies lacks in Asia Pacific regions. Technology transfer and penetration in the untapped markets can be a better opportunity for the growth of artificial plants market.

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The global artificial plants market can be segmented based on material type, end-use, distribution channel, and region. In terms of material type, the global artificial plants market can be categorized into silk, cotton, clay, leather, nylon, paper, porcelain, silk, polyester, plastic, wax, and others. According to end-use, the artificial plants market can be divided into residential and commercial.

The commercial segment can further be split into hotels & restaurants, offices, schools & universities, hospitals, theme parks, airports, and cruise ships. Based on distribution channel, the global artificial plants market can be bifurcated into offline and online distribution channel. Offline distribution channels can further classified into company-owned sites, ecommerce portals, etc., while offline channels can be segmented into supermarkets & hypermarkets, specialty stores, and mom and pop stores. Geographically, the global artificial plants market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Europe and North America are anticipated to acquire major market share owing to presence of advanced technologies and high-end commercial consumers such as airports, theme parks, etc. in these regions.Prominent players operating in the global artificial plants market include Treelocate (Europe) Ltd. (U.K.), The Green House (India), Sharetrade Artificial Plant and Tree Co., Ltd. (China), International Plantworks (the U.S.), Nearly Natural (the U.S.), Commercial Silk Int'l & Plantscape Inc. (the U.S.), GreenTurf (Singapore), Dongguan Hengxiang Artificial Plants Co., Ltd. (China), International TreeScapes, LLC (the U.S.), and Vert Escape (France). Players contest with each other with respect to new technologies, product designs, etc. in order to attain competitive advantage in the market.

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Organic Personal Care Market Current and Future Trends, 2020-2027

Transparency Market Research has recently published a new research report, titled “Organic Personal Care Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2027.” The extensive research report provides an explanation of the overall global organic personal care products market by using Porter’s five forces analysis. This report offers holistic view of the competitive landscape, the threat of substitute products or services, threat regarding new entrants, the bargaining power of customers, and the bargaining power of suppliers.

The global organic personal care products market was valued at US$12.98 Bn in 2018 and is expected to reach US$28.66 Bn by 2027, surging at a growth rate of 9.2% between 2017 and 2027. The growth of the global organic personal care products market will also be attributable to the growing number of distribution channels and launching of new and innovative products into the market.

Personal care products manufactured from organic ingredients are projected to increase rapidly in the near future.  As consumers are trying to replace synthetic cosmetics and personal care products, they are gradually opting for organic products. The growing awareness amongst consumers about the hazards of synthetic chemicals is also providing a boost to the global organic personal care products market. Organic personal care products are free from chemicals such as aluminum salts, phthalates, parabens, and petrochemicals. In countries like China, India and Japan etc. are projected to be the emerging markets for organic personal care products in the forecast period.

The organic personal care products market is divided on the basis of type and region. The types of organic personal care products are skin care, hair care, cosmetics, oral care, and other products. Geographically, this market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

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North America region is the biggest market for the organic personal care products globally. As there is a high adoption of organic skincare, hair care, oral care and sun care products are projected to create new opportunities for the manufacturers & distributors of personal care products in the near future. Furthermore, the market in Asia Pacific is projected to expand at a significant growth rate during the forecast period. As companies are making heavy investment on advertising organic personal care products and running promotional campaigns to enhance the sale of organic personal care products in the forecast period. Some of the key players in the global organic personal care products market are Estee Lauder, The Body Shop, The Hain Celestial Group, and Yves Rocher.

The organic personal care products report highlights the SWOT analysis which includes the strengths, weakness, opportunity, and threats pertaining to the market. Porter’s Five Force Analysis in the report highlights threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitutes, and competitive rivalry. This analysis helps in understanding a company’s position in a particular industry as well as market entry strategies for new players. Key trends, both in terms of demand side and supply side is included, that helps in understanding the market scenario. Key market indicators are included in the report which portray some global facts such as growth of personal care product industry etc. in different countries across the globe.

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Baby Diaper Market Detailed Analysis and Forecast to 2027

According to a new market research report published by Transparency Market Research titled ‘Baby Diaper Market (Product: Cloth Diapers [Flat Cloth Diapers, Fitted Cloth Diapers, Pre-fold Cloth Diapers, and Others]; Disposable Diapers [Regular Disposable Diapers, Ultra-absorbent Disposable Diapers, and Biodegradable Disposable Diapers]; Training Nappies, and Swim Pants; Absorption Level: Low and High; Style: Tape Style and Pant Style; and Channel: Online, Offline [Supermarkets & Hypermarkets, Convenience Stores, Medical Stores], and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global baby diaper market is expected to reach value of US$ 84.1 Bn by 2027, expanding at a CAGR of 6.4% from 2019 to 2027. North America held the maximum share of the global market in 2018.

Demand for baby diapers is expected to increase in the near future, with the rising disposable income. Rise in awareness about usage of baby diapers, increase in the number of working women, and growing concerns about health of babies are anticipated to fuel the demand for baby diapers during the forecast period. Moreover, rise in the standards of living and increase in the purchasing power of consumers are expected to offer lucrative opportunities to the global market for baby diapers during the forecast period.

North America held a major share of the global baby diaper market in 2018. This was due to increasing awareness among parents about baby hygiene and increase in the income of consumers. The baby diaper market is primarily driven by increasing birth rate and growing awareness about baby hygiene. Increased spending on healthcare also fuels the market. Entry of new players in local as well as regional markets with a range of innovative products is likely to boost the market during the forecast period. Furthermore, rapid urbanization and improved economic conditions are likely to boost the market in the next few years.

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A key trend being witnessed in the global baby diaper market is increased investments in research and development by key players operating in the market. Ease of convenience, rising disposable income, and rapid urbanization are likely to drive the baby diaper market.

Among products, the disposable diapers segment held the leading share of the global baby diaper market in 2018. Disposable diapers are becoming immensely popular across the world. Disposable diapers are witnessing increase in the demand, due to higher comfort that they offer compared to cloth diapers. Availability of organic and eco-friendly products has fueled the adoption of biodegradable diapers in developed economies. Biodegradable diapers are made from organic, plant-based materials and they are free from plastic and harmful chemicals. Since these diapers are not manufactured by using petrochemicals, or skin irritants, and they are safe for baby skin, the demand for biodegradable diapers is increasing. This is driving the global baby diaper market.

Among absorption levels, the high absorption segment is expected to register the maximum CAGR of 6.5% from 2019 to 2027. Among styles, the tape style segment accounted for a major market share in 2018 and it is anticipated to expand at a CAGR of 6.3% during the forecast period.

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North America accounted for 30.1% share of the global baby diaper market in 2018 and it is anticipated to continue its dominance during the forecast period, due to high literacy rate, large working population, and new product development in the region. The market in North America is expected to expand at a CAGR of 6.6% during the forecast period.

The baby diaper market is characterized by a large number of local and regional players and intense competition among them. Some of the participants in the global baby diaper market are Bumkins, Fujian Shuangheng Group Co., Ltd., Hengan International, Johnson & Johnson, Kao Corporation, Kimberly-Clark Corporation, Ontex International N.V, Procter & Gamble Co., SCA Hygiene Products, and Unicharm Corporation.

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Electronic Equipment Repair Service Market Growth Opportunity, Industry Status and Forecast 2027

According to a new market report published by Transparency Market Research titled ‘Electronic Equipment Repair Service – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027,’ the global electronic equipment repair service market is expected to reach US$ 8,571.5 Mn by 2027, expanding at a CAGR of 8.1% from 2019 to 2027. Europe held a prominent share of the electronic equipment repair service market in 2018.

The adoption of electronic equipment has increased across the region due to continuous innovations and technological advancements in electronic equipment technologies. Electronic equipment such as consumer electronics, home appliances, medical equipment, and industrial equipment require maintenance and servicing to lengthen their life. This is expected to drive the electronic equipment repair service market during the forecast period. Moreover, rise in demand for refurbished electronic equipment in developing regions is a major factor that is expected to boost the electronic equipment repair market in the coming years. All these factors are anticipated to drive the electronic equipment repair service market during the forecast period.

However, a shift in consumer behavior toward purchasing new products and poor-quality or duplicate spare parts are expected to hamper the expansion of the electronic equipment repair service market during the forecast period.

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The consumer electronics segment is expected to expand at a rapid CAGR as consumers are more likely to repair or refurbish their current devices instead of investing in new equipment. This is anticipated to fuel the expansion of the electronic equipment repair service market in the coming years. Under the consumer electronics segment, the smart phone & mobile phones sub-segment holds a major share of the market, followed by the television and others segments (music players, routers, etc.). Increased dependence of modern day individuals on the Internet in everyday life has created a need for portable connected devices that allow access to the Internet anywhere and everywhere. In that respect, smartphones offer Internet connectivity on-the-go along with the advantages of traditional mobile phones or feature phones. Owing to these factors, the smartphones and mobile phone segment is expected to maintain its market share during the forecast period.

The market in Asia Pacific is expected to expand at a rapid CAGR as compared to other regions due to increase in urbanization and rise in population during the forecast period. The electronic equipment repair service market in China is expected to be valued at US$ 16.89 Bn by 2026 and is expected to expand at a CAGR of 8.9% during the forecast period. As repair services providers offer a wide range of services, including insurance and warranty for equipment, the electronic equipment repair service market is anticipated to see prominent expansion opportunities in the coming years. Furthermore, service providers offer advanced repair solutions and maintenance services to consumers, which has led to the expansion of the out of warranty segment across different regions.

In terms of end-use, the residential segment held a prominent market share of around 75.36% of the global electronic equipment repair service market in 2017. Government regulations for e-waste management support electronic equipment repairing and recycling activities worldwide. Moreover, rise in adoption of electronic equipment insurance is expected to accelerate the electronic equipment repair service market in the near future. All these factors are expected to drive the overall electronic equipment repair service market between 2018 and 2026.

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Companies in the equipment repair service market are focusing on achieving long-term growth through value-added services for customers. The company profiles section of the report include company overview, major business strategies adopted, and key developments. Key players in the electronic equipment repair service market include Encompass Supply Chain Solutions Inc., uBreakiFix, iCracked, Inc., Moduslink Global Solutions, Mendtronix Inc., The Cableshoppe Inc., Redington Services, Electronix Services, B2X CARE SOLUTIONS GMBH, MicroFirst Gaming Inc., and Global Electronic Services, Inc.

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