Functional Apparel Market 2020 Global Industry Trends, Growth, Share, Size and Forecast to 2027

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.

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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.

Manufacturers are experimenting with organic and recycled fabrics and several of them have come up with green functional apparels made of organic and recycled fabrics. Recycled polyester is mostly used for this purpose. Conversely, a combination of recycled polyester and organic cotton is used for producing eco-friendly performance apparels. These fabrics can perform well even in highly demanding conditions such as extremely hot and humid climate and extremely cold climate.

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Rugs Market COVID -19 Impact Analysis | Demands and Forecasts Report 2020-2027

The rugs market is expected to reach value of ~US$ 30 Bn by 2027. The global rugs market was valued at US$ 18.6 Bn in 2018 and is expected to expand at a CAGR of 5.5% from 2019 to 2027. The market is expanding significantly in terms of value. North America is the largest rugs market and expected to maintain its dominance over the forecast period 2019 to 2027. Transforming living standards of the masses coupled with rise in number of people opting for separate living has resulted in propulsion of the rugs market. Retailers such as IKEA, H&M Home, and Home Depot are pioneers in this field and are known for their huge stores with customer centric products. These retailers have their sourcing and design offices in Asian countries for faster development of products. Such innovative approaches can boost the market growth in the coming years.

 Key Challenges

The global usage of rugs is expected to see continuous growth; however, this creates a significant challenge to the environment. Strict government regulations in developed countries related to environment-friendly production processes is expected to be a challenge for small scale manufacturers.

Rugs Market: Segmentation

Based on type, the tufted segment accounted for leading share of the global rugs market in 2018. In terms of application, the US$ 101 to US$ 300 segment accounted for major share of the global rugs market in 2018. In terms of material, the wool segment is expected to remain popular in the global rugs market.

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This is due to increasing awareness and usage of natural fibers made of plant and animal based sources, which is leading to demand for rugs made of natural material. In terms of application, the residential segment is expected to maintain its dominance. On the basis of shape, rectangular shape segment holds more than 80 percent share in the global market. Asia Pacific is projected to be the fastest growing region in the global rugs market during the forecast period.

Competition Landscape  

The rugs market includes several players focused on the development of new products to cater to the market demand. The report includes the below mentioned pointers of major players operating in the rugs market:

• Company Overview
• Product Profiling
• Market Share Analysis (2018)
• Product Innovation
• Business Strategies/Recent Developments
  • Technological Advancements
  •  Key Mergers & Acquisitions
  • Expansion Strategies
• Company Financials

Major Players Covered Under the Scope

MOHAWK INDUSTRIES, INC.	Tai Ping Carpets International Ltd.
Shaw Industries Group, Inc.	Victoria PLC
The Dixie Group, Inc.	Yak Carpet Private Limited
Tarkett S.A.	Milliken & Company
Balta Industries NV	Devgiri Exports LLC

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Self-service Kiosk Market To Receive Overwhelming Hike In Revenues By 2020 – 2030

Transparency Market Research delivers key insights on the global self-service kiosk market. In terms of revenue, the global self-service kiosk market is estimated to expand at a CAGR of 11% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global self-service kiosk market report.

In the report, TMR predicts that the global self-service kiosk market would be largely driven by factors such as rising consumer demand for quick shopping experiences. Innovations in technology and design of self-service kiosks is expected to boost their demand in the coming years.

According to the self-service kiosk market report, the product segment includes food kiosk, beverage kiosk, retail kiosk, parking kiosk, electric vehicle charging kiosk, patient interactive kiosk, information kiosk, employment kiosk, check-in kiosk, automated teller machines kiosk, and others. At a global scale, food businesses that employ self-service kiosks can expect a 13% increase in average spend per person. Rising consumer spend through kiosks is driving food product sales globally.

Fast food chain owners prefer to install self-service kiosks to decrease product delivery time and increase their average revenue with more customer engagement.

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In terms of payment mode, the has been bifurcated into cash payment and non-cash payment. The work economy has been shifting toward cashless transactions. Governments of different countries are encouraging people to use cashless transections.

Consumers generally prefer to make cashless transactions while purchasing products from self-service kiosk. Companies are selling a large kiosk portfolio with non-cash payment technologies. The self-service kiosk market is highly fragmented. Large number of small, medium, and large companies operate in the market at the global and domestic level. Companies work on product innovation to increase their market reach.

Demand for self-service kiosks is rising across developing countries. Several end-use industries are using interactive kiosks for diverse needs, ranging from food self-service, beverage self-service, check-in, ticketing, information, patient interaction, and parking, to human resource industry, photo printing, electronic product and electric vehicle charging, and clothing retail.

Demand for cashless payments is rising in developing countries. Increasing consumer acceptance of online transactions has been one of the major growth drivers of the self-service kiosk market. However, with requirement of high initial investment in such systems, demand for self service kiosks is expected to slowdown in underdeveloped countries. COVID-19 has created a slowdown in the kiosk market. The world economic crisis as a result of the pandemic has led to reduced demand for kiosks in different countries.

Interactive kiosk suppliers are increasing their production of self-service kiosks to supply them to end-use industries. NCR Corporation, a global interactive kiosks and ATM supplier, is increasing its production of interactive, self-service kiosks and ATMs in order to meet the increasing demand.

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Self-service Kiosk Market: Prominent Regions

Presently, North America dominates the global self-service kiosk market followed by Europe. North America is seeing increasing installation of kiosks in crowded places. It has been observed that consumers are more inclined toward purchasing products from kiosks in the U.S. and Canada. High disposable income coupled with demand for quick shopping experiences by decreasing queue waiting time is driving the market growth. The U.S. accounted for major market share in North America.

Demand for self-service kiosks in developing regions such as Asia Pacific is expected to increase significantly during the forecast period. The Asia Pacific self-service kiosk market is driven by the rising preference for queue-less shopping experiences in China and India. Moreover, rising consumer awareness about the usefulness of self-service kiosks is driving the market growth.

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Rainwear Market with Covid-19 Pandemic Analysis, Growth Rate, New Trend Analysis & Forecast To 2030

Transparency Market Research delivers key insights on the global rainwear market. In terms of revenue, the global rainwear market is estimated to expand at a CAGR of 6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global rainwear market report.

In this market report, TMR predicts that increase in outdoor activities, improved product performance, increase in working class, and uncertain climatic conditions are some of the key factors driving the rainwear market worldwide. Besides, in the coming years, opportunity for the market exists in terms of product diversification based on regions. For instance, Asian countries have the highest number of motorbike users; therefore, rainwear suitable for bike riders is highly popular in the region. Similarly, European countries prefer rainwear suitable for cycling. The rise in outdoor activities is anticipated to create more opportunities for business growth during the forecast period. The rainwear market is highly fragmented with the presence of many regional and local players. Hence, entering new markets by merging with regional players is projected to be an effective business strategy during the forecast period.

In terms of product type, the market has been divided into rain jacket, rain pant, rain suit, and others. Rain jackets are the preferred choice of consumers in various parts of the globe. Rain jackets are very popular among working professionals, youngsters, athletes, camping and hiking groups, bikers, etc. Rain suits are very convenient for bike riders and is also economical as compared to rain jackets. Hence, rain suits are projected to expand at a significant growth rate.

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Based on size, the market has been segmented into small, medium, and large, where large and medium size rainwear is considered as the most saleable category of rainwear across the globe. The large size segment is projected to dominate the rainwear market during the forecast period. This segment is anticipated to expand at a significant growth rate during the forecast period.

In terms of material, the rainwear market has been categorized into polyester, nylon, vinyl, gore-tex, blended, and others. Blended and polyester fabric is most commonly used in various countries. These two segments have major share of the rainwear market across the globe. Based on application, the market has been segmented into bike riding, camping & hiking, and others. Bike riding is considered the dominant segment of the rainwear market in almost all the regions. Working professionals while commuting to their offices and individuals engaged in transportation, public or commercial transit, and touring, etc., use rainwear while riding bikes.

In terms of end user, men’s rainwear covers majority of market share. In terms of distribution channel, increasing adoption of online shopping trends is likely to fuel the share of online platforms in the overall rainwear market.

Rainwear Market: Prominent Regions

Geographically, Asia Pacific led the rainwear market in 2018 and the region is expected to retain its dominance during the forecast period. China and India are considered the major markets for rainwear in the Asia Pacific region. Rise in trend of using designer rainwear, and colorful and printed rainwear is anticipated to create significant opportunities for manufacturers and distributors to expand their businesses in developing countries of Asia Pacific. In addition, Asia Pacific is a prominent market globally since it is an important manufacturing base for rainwear products.

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Rainwear Market: Key Players

The competition landscape of the rainwear market is highly fragmented with leading players accounting for nearly 25% of the revenue share. Key players operating in the global rainwear market include Columbia Sportswear Company, The North Face, Patagonia, Black Diamond Equipment, Wildcraft, NZ Seasonal Wear Private Limited, Stutterheim, Ducktail Raincoats, Splashy Rainwear, WaterShed LLC., and New Aashi Rainwear.

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JFETs (Junction Gate Field-effect Transistor) Market Growth by Top Companies, Trends by Types and Application, Forecast to 2030

• JFET (junction gate field-effect transistor) is a type of field-effect transistor. It is a three- terminal semiconductor device that can be used as amplifier, electronically-controlled switch, or voltage-controlled resistor.
• JFET consists of a channel of semiconducting material that acts as a resistor and through this channel a current flows, which is controlled by a voltage (electric field) applied to its gate
• JFET is usually ON when there is no potential difference between its gate and source terminals
• JFETs are voltage controlled devices, and key features of JFETs include a large input impedance and low noise
• JFETs are available in three forms:  through hole, surface mount, and bare die
• JFETs are used in various applications such as buffer amplifiers, electronic switches, phase shift oscillators, and voltage regulators

Rise in Demand for JFETs for Use in Military Applications

• JFETs are prominently used in military applications to control the flow of electric current in the electric switches
• JFETs are used in various end-use applications in medical, automotive, and aerospace & defense industries. Switches used in choppers consist of an electronic switch that is useful for operations such as fast switching, low noise, and mid and high frequency designs, suitable for military applications.
• Manufacturers of JFET systems are continually engaged in development of technologically advanced JFETs for use in military and automotive applications, which is anticipated to bolster the growth of the global JEFTs market during the forecast period

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Increasing Use of JFETs for Use in Semiconductor Applications

• JFETs are largely used in semiconductor product applications to control the flow of electric current in the circuit. For instance, JFETs are used in audio amplifier applications to provide low noise, low frequency, and audio solutions to voltage controlled resistors (VCR).
• JEFTs play an important role in ultra-high input impedance applications as they are targeted for mid to high frequency designs. Thus, demand for JFETs for semiconductor applications is growing, which is expected to drive the global JFETs market during the forecast period.

Asia Pacific to Lead the JFETs Market

• In terms of region, the global JFETs market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• Asia Pacific is anticipated to dominate the global JFETs market throughout the forecast period, as a large number of manufacturers of JFETs operate in the region
• Additionally, many well-established players from Asia Pacific are focusing on technological advancement in semiconductor products, due to the growing opportunity, which is expected to boost the JFETs market in the region during the forecast period
• The JFETs market in North America and Europe is expected to expand at a substantial rate during the forecast period. On the other hand, the market in Middle East & Africa and South America is estimated to expand at a moderate pace during the forecast period.

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Thermoplastic Enclosures Market Emerging Trends, Highlights and Challenges Forecast 2030

• Thermoplastic enclosures are manufactured with high-quality halogen-free, recyclable polycarbonate or ABS plastic
• Use of plastic in thermoplastic enclosure offers many advantages - it is lighter than steel, has very high impact-resistance, and any dents or bumps are not as noticeable in plastic as compared to steel
• Thermoplastic enclosures have good resistance to chemical attacks and excellent insulating properties that makes it suitable for electrical and electronics enclosures
• Additionally, machining and maintenance of thermoplastic enclosures is easy, and no special tools are needed
• Thermoplastic enclosures are manufactured in compact size as well as in spacious size as per application requirement
• Thermoplastic enclosures are used for various applications including push button enclosures, electronic and instrumentation enclosures, terminal enclosures and cable junctions, power distribution enclosures, MCB boxes, and surge arrest boxes.

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Rise in Demand for Thermoplastic Enclosures for Use in Electrical and Electronics Fields

• Thermoplastic enclosures are largely used in electrical industrial components and electronics components to deliver compact, robust, weatherproof, and insulated enclosures for difficult environments
• Thermoplastic enclosures provide protection to electrical wiring and other components from chemical attack, corrosion, and environmental factors
• Technological advancement in thermoplastic enclosures results in light weight, easy machining enclosures with normal tools, with good insulating properties
• Moreover, thermoplastic enclosures play an important role for junction boxes which are integral parts of a circuit protection system where circuit integrity has to be provided for emergency lighting or emergency power lines
• Furthermore, thermoplastic enclosures designed for electrical and industrial applications are rugged and dependable to withstand high flow of current
• As a result of these factors, demand for thermoplastic enclosures for electrical and electronics applications is growing, which is expected to drive the global thermoplastic enclosures market during the forecast period.

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North America to Lead the Thermoplastic Enclosures Market

• In terms of region, the global thermoplastic enclosures market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• North America is anticipated to dominate the global thermoplastic enclosures market throughout the forecast period, as a large number of manufacturers of thermoplastic enclosures operate in the region
• Additionally, many well-established players based in North America are focusing on development of new technology in electrical products which is expected to boost the thermoplastic enclosures market in the region during the forecast period
• The thermoplastic enclosures market in Europe and Asia Pacific is expected to expand at a substantial rate during the forecast period. On the other hand, the market in Middle East & Africa and South America is estimated to expand at a moderate pace during the forecast period.

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Mass Flow Controller Market 2020 Analysis, Growth by Top Companies, Trends by Types and Application, Forecast to 2027

The global mass flow controller market has been prognosticated to be characterized by the presence of scores of powerful players. Key companies operating in the market could be engaged in a tough competition based on product innovation, quality, support services, price, and performance. The market could include prominent companies such as Brooks Instruments, Bronkhorst High-Tech B.V., Parker Hannifin Corporation, MKS Instruments, and Horiba Ltd. Transparency Market Research (TMR) has published a new report on the market which gives a broad account of some of the crucial growth factors, restraints, and business opportunities about to show face in the foreseeable future.

According to TMR, a revenue valuation of US$1.47 bn could be achieved by the global mass flow controller market by the completion of 2027 at a CAGR of 9.37% during the forecast tenure 2019-2027. In 2018, the market had attained a valuation of US$0.65 bn. As per type of product, the coriolis mass flow meter segment could account for a larger share in the coming years. By region, Europe has been anticipated to account highest market share during the forecast period.

Increasing Need for Water and Wastewater Treatment Creates Lucrative Application

The world mass flow controller market has been prophesied to gain a whole lot of momentum in its growth with the rising application of water and wastewater treatment. While reducing plant operation cost, the installation, application, and operation of mass flow meter could enhance product efficiency and quality.

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This helps mass flow meter to accomplish everything from determining disinfection gases to monitoring air or gas flow in digesters and aeration systems. On the global platform, the demand for mass flow controller could gain a high significance due to the rising requirement of continuous emission monitoring system (CEMS) for reporting, recording, and collecting data associated with the emission of gasses.

Moreover, the increase in investment for massive development and innovation in the semiconductor industry to discover next generation of semiconductor technologies has been expected to create ample of opportunities in the world mass flow controller market.

According to semiconductor industry association (SIA), the U.S. semiconductor firms including fabless companies was invested US$ 71.4 Bn in 2018 for the research and development of semiconductor technologies.

The very function of mass flow controller in providing one of the most cost-effective and precise ways of controlling gas and liquid flow could augment the demand in the near future.

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Differential Pressure Variations Causing Offset in Flow Management Deter Demand

The offset created in flow management due to variations in the differential pressure of mass flow controller could hamper the demand in the international market. Moreover, the rise in strategic component price has been predicted to slow down the increase in the demand for mass flow controller. The mounting position of mass flow controller could be another factor deterring market growth. However, profit-making applications of mass flow controller in a range of industries such as metals and mining, semiconductor, and chemicals could counterbalance the loss in growth for the coming years. Furthermore, new applications of ultra-low flow rate mass flow controller in a number of medical and industrial fields have been foreseen to set the tone for a valuable growth of the market.

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