Patio Umbrellas Market to Register Substantial Expansion by 2026

A patio umbrella is an umbrella that is designed and manufactured particularly for outdoor leisure use, and are often used in the backyard, outdoor commercial dining areas, pools, or patios. They have a long history, and first existed between 1100 and 1200 BC which associated them with royalty and nobility. Patio umbrellas are versatile and can be installed in several ways; they are typically used for sun protection.

These umbrellas can be made of any material including wood, fiberglass, or aluminum. Recently, with the help of technological advancements, aluminum patio umbrellas have replaced the old fashioned wood market umbrellas due to their durability in the outdoors. A patio umbrella has become an essential piece of outdoor furniture equipment as it offers shade and coolness, as well as elegant aesthetics for outdoor living spaces.

Key factors driving the patio umbrellas market are changes in lifestyle, rapid urbanization redefining the way outdoors are conceptualized, and rise in demand for these umbrellas from the tourism industry. The patio umbrellas market is expected to expand at a rapid pace during the forecast period due to a rise in disposable income and the need for modular outdoor sitting areas. Patio umbrellas come in a number of designs and price ranges and can be customized according to consumer requirements depending on budget, taste, and personal preference. In addition, consumers can color-coordinate the umbrellas with the lounge chairs.

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The market is significantly driven by the residential construction industry and is expected to expand at a fast pace in the near future. In addition, construction industry expansion in emerging economies of Asia Pacific such as China and India is creating opportunities for the market.

The global patio umbrellas market can be segmented based on type, material, application, distribution channel, and region. Based on type, the patio umbrellas market can be classified into cantilever umbrella, commercial umbrella, standard pole umbrella, tilt umbrella, and others (sail umbrella, offset umbrella). In terms of material, the patio umbrellas market can be categorized into wood, fiberglass, and aluminum. Based on application, the patio umbrellas market can be divided into residential and commercial. In terms of distribution channel, the patio umbrellas market can be classified into hypermarkets/supermarkets, specialty stores, online retailers, and others (brand outlets, independent vendors, etc.).

In terms of region, the global patio umbrellas market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is anticipated to dominate the global patio umbrellas market, followed by Europe and Asia Pacific. North America and Europe are anticipated to account for a major patio umbrellas market share, due to the urbane lifestyles, rise in disposable income, and high spending rate in the regions.

Rapid urbanization and growth of the construction industry in emerging countries such as India and China are boosting sales of patio umbrellas in Asia Pacific. The popularity of outdoor living space in urbane residences is expected to increase in the coming years and is likely to be one of the major trends during the forecast period.

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Some of the leading manufacturers in the patio umbrellas market are Michael Caravita, Sun Garden USA, TUUCI LLC, Rusque, Ezpeleta Portugal, EdenGarden d.o.o., and Shadescapes Americas among others. Manufacturers are increasing their R&D capabilities to diversify their product range and are also making efforts to enhance product quality. Players are anticipated to face competition due to the presence of several local vendors. The entry of new players, pricing competition, and mergers & acquisitions are further intensifying the level of competition among manufacturers in the industry. This is likely to lead to the introduction of many advanced products in the patio umbrellas market during the forecast period.

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Diamond Market Pegged for Robust Expansion by 2026

Diamond is the most concentrated form of pure crystalline carbon in nature and has the properties of highest hardness and thermal conductivity. These are the most durable, expensive, and rarest metal found across the globe. Diamonds are used in multiple industrial applications such as polishing tools, and cutting. It has gained popularity across the globe for its beauty as a gemstone.

The major producers of diamond across the globe are the Central & Southern Africa countries, Russia, Australia, Canada, and Botswana. Diamonds are attractive among end-users for its usage in the industrial and fashion sector. Moreover, it is found to be popular among consumers as it is considered to be the most precious ornament. Diamonds are used to make jewelry which has high demand during weddings, and on special occasions. They are also used as a fashion statement. Revenue growth of rough diamonds is largely attributed to increased production by smaller players.

Major drivers of the global diamond market include exploration of new deposits, acceptance of diamond as jewelry in wedding and engagement functions, and growth in the global economy and purchasing power of individuals. In addition, continuous robust growth in jewelry products, and innovative design across the globe are expected to propel the market during the forecast period. However, availability of limited deposit sources of diamond, and rise in cost of diamond processing are major restraints of the market. Development of new diamond based industrial products, targeting customers with new jewelry design, and penetration of diamond sale through e-commerce business are expected to create significant opportunities for the market.

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The global diamond market can be segmented based on diamond type, application, end-user, distribution channel, and region. Based on diamond type, the diamond market can be bifurcated into natural and synthetic. Furthermore, natural diamond is sub-segmented into diamond stone, and diamond bort. Based on application, the global diamond market can be segmented into cutting, grinding, and polishing. In terms of end-user, the diamond market is bifurcated into industrial and jewelry.

The industrial segment is further sub-segmented into construction mining services,stone cutting, polishing, machinery manufacturing, and others. The jewelry segment is further classified into rings, necklaces, earrings, and others. In terms of distribution channel, the diamond market can be classified into online and offline. The online segment is sub-segmented into company websites, and e-commerce sites.

Based on region, the diamond market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The diamond market in North America is expected to expand due to increase in manufacturing of high capacity industrial equipment. Rise in celebrity endorsement of diamond based products, and its usage in wedding jewelry has increased the usage of diamonds in the global market. This is expected to boost the sales of the product in the coming years. Rapid growth in the jewelry sector has propelled the usage of diamonds in Asia Pacific.

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A resurgence of luxury spending among Chinese millennial has also contributed to the increase in demand. Additionally, acceptance of diamond as a precious metal and purchasing of jewelry products during festive seasons or special occasions across the region has driven the demand for diamonds. Rise in adoption of diamond as a luxury product is driving the market in Middle East & Africa. In South America, increase in the purchasing power of individuals, and demand for innovative designs are expected to drive the diamond market.

Major players operating in the global diamond market include Lucara Diamond Corp, Petra Diamonds Ltd, Dominion Diamond Mines, Rio Tinto Plc, Endiama E.P., De Beers Group, ALROSA Group ,Signet Jewelers Ltd., Tiffany & Co., The Swatch Group AG, Compagnie Financière Richemont SA, Rockwell Diamonds, Anglo American plc, and Stornoway Diamond.

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Bicycle Market Estimated to Expand at a Robust CAGR by 2030

Transparency Market Research delivers key insights on the global bicycle market. In terms of revenue, the global bicycle market is estimated to expand at a growth rate of 5.5% during the forecast timeline, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global bicycle market report.

In the report, TMR predicts that the global bicycle market would be largely driven by growing bicycle production across the globe and growth in population, which has led to the adoption of bicycles globally, mainly in countries such as the U.S., Germany, China, and India that is expected to boost the growth of the bicycle market in the upcoming years.

In the bicycle market research report, in terms of type, the market has been divided into road bicycle, mountain bicycle, hybrid bicycle, touring bicycle, fitness bicycle, cruiser bicycle, cyclocross bicycle, and others. The demand for road bicycles is high at the global level. Major factors driving market growth of road and mountain bicycles are the health benefits that they offer, including increased cardiovascular fitness, muscle strength, and flexibility, improved joint mobility, decreased stress levels, better posture and coordination, strengthened bones, and lowered body fat levels. 

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Based on technology, the global bicycle market has been classified into conventional and electric. The demand for electric bicycles is increasing at a higher pace. Battery powered cycle tops at 25 kmph, which means given a free road, it can travel 4 km in approximately 10 minutes. In the event of a roadblock, it can easily be maneuvered within the traffic, or bypass the main road via streets– a luxury that not even traditional two wheelers have. This is one of the greatest advantages of an electric bicycle.

In terms of gear type, the global bicycle market has been divided into without gear and with gear. Gearless bicycles are expected to have higher demand in the upcoming years. Gearless cycles are easy to use. Consumer do not have to worry about the correct gear combinations or shifting gears accurately. They can enjoy a simple ride and experience relaxation. Bicycles provide increased cardiovascular fitness, which is one of the market growth factors.

Bicycle Market: Prominent Regions

Asia Pacific accounted for a major share of the bicycle market in 2019. Increasing efforts to maintain a healthy lifestyle coupled with easy government rules and regulations pertaining to manufacturing units are expected to boost the growth of the market. North America is the second largest bicycle market as a result of high consumer adoption rate. Key factor driving the market growth in North America is rising demand for bicycles from health conscious people. The U.S. is one of the key COVID-19 affected countries, which is slowing down the market growth.

The COVID-19 pandemic in different European countries has had a major impact on this market. It has been observed that bicycle sales have dropped in the first quarter. However, after relaxation of lockdown, consumer demand for bicycles has increased drastically in Germany, France, Spain, and other European countries. Furthermore, consumer demand for premium products is driving the market, apart from high spending power of the middle class population.

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Bicycle Market: Key Players

Some of the key players operating in the bicycle market are BMC Switzerland AG, Boardman Bikes Ltd, Cannondale Bicycle Corporation (Cycling Sports Group, Inc.), Firefox Bikes, Fuji Bike Worldwide, Giant Bicycle, SCOTT Sports SA, Shimano Inc., Specialized Bicycle Components, Inc., and Trek Bicycle Corporation.

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Gaming Laptop Market Intelligence Report for Comprehensive Information 2017 – 2027

A laptop is a portable computer that can be carried by a user from one place to another. Gaming laptops are similar to regular laptops, but they have higher computing power. They are specifically designed for use in computer video games. Rise in popularity of computer video games across the world, especially among youth and millennial, is enhancing the penetration of video games among general population. This, in turn, is augmenting the sale of gaming laptops.

Factor fueling the demand for gaming laptops is rise in the popularity of multi-player video games such as Counter Strike. Generally, professional video game players are prominent users of multi-player games. Software quality and graphics quality of video games are being enhanced and the trend is expected to continue in the near future as well. Enhancement in the quality of video game software is augmenting the sale of gaming laptops across the world. In February 2019, NVidia Corporation, a major player in the global graphics cards industry, estimated that sales of gaming laptops would increase in the near future.    

Based on screen size, the global gaming laptop market can be segmented into 14 inch screen size, 15.6 inch screen size, 17.3 inch screen size, and 18.4 inch screen size. In terms of component, the global market can be divided into processor, graphics card, storage, RAM, peripherals, and other computer components (excluding display monitor). Based on end-use, the global gaming laptop market can be categorized into amateur players and professional players. In terms of distribution channel, the global market can be classified into online and offline.

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In terms of region, the global gaming laptop market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to be a prominent market for gaming laptops during the forecast period. The U.S. is expected to account for a major share of the market in North America from 2019 to 2027, followed by Canada. Europe held a considerable share of the global gaming laptop market in 2018. Germany, the U.K., and France are major markets in the region. Asia Pacific is anticipated to be a notable market for gaming laptops, globally, during the forecast period.

China is expected to be a major market for gaming laptops not only in Asia Pacific but across the world between 2019 and 2027. India is a significant market for gaming laptops in Asia Pacific. Rise in the demand for premium and gaming laptops led by increase in the disposable income of people in India is driving the market in the country. In December 2018, Hewlett-Packard Company, a leading player in the global gaming laptop market, expects that growth in sales of premium and gaming laptops in India would be higher than that in sales of traditional personal computers.

In January 2018, Acer Group, another major player in the global gaming laptop market, estimated that there were about three million amateur video game players in India. This is expected to create immense opportunities for players operating in the gaming laptop market in India in the near future. Japan and South Korea are other major markets for gaming laptops in Asia Pacific. GCC is projected to account for a major share of the gaming laptop market in Middle East & Africa during the forecast period.

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South Africa is a notable market for gaming laptops in the region. The gaming laptop market in South America is estimated to expand at a moderate pace during the forecast period. Brazil is a prominent market for gaming laptops in South America and it is likely to dominate the market in the region during the forecast period.

Major companies operating in the global gaming laptop market are Hasee Computer Co. Ltd., Micro-Star Int'l Co., Ltd. (MSI), Acer Group, AsusTek Computer Inc., Dell Inc., ORIGIN PC, GIGA-BYTE Technology Co. Ltd., Clevo, EVGA Corporation, and Hewlett-Packard Company.

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Pet Bubble Backpack Market: Competitive Dynamics & Global Outlook 2027

Pets such as dogs and cats are faithful companions for humans; but they also are a huge responsibility. Pet owners need to take care of their pet’s food and health every day and when they travel. Pet bubble backpack is a bag designed to carry small pets such as dogs and cats. These backpacks have innovative designs like space bags which helps pets to move. Some bags have a folding pattern which is easy to carry.  North America and Europe are hold major share in the pet bubble backpack market due to the escalating rate of adoption and ownership of pets in these regions. Europe has maximum ownership of dogs in the world. Rising adoption of pets and growing awareness about their health is fueling the pet bubble backpack market in the Asia Pacific region.

Pet Bubble Backpack – Competitive Landscape

The global pet bubble backpack market is highly fragmented due to the presence of numerous international and domestic players. The manufacturing cost of a pet bubble backpack is low which creates risk of new entry in the market. New entrants further increase competition between players. Key players are focusing on product development and launching new products in order to reduce the impact of competition on sales.

• In May 2019, Jackson Galaxy, a cat behavior and wellness professional had made partnership with Your Cat Backpack, a pet product manufacturing company, and together launch Jackson Galaxy-branded convertible carrier which is designed by Jackson himself. The Jackson Galaxy Convertible Cat Backpack is an upgraded version of the original “The Fat Cat” backpack design.
• Market players in the Pet Bubble Backpack are focusing on product innovation and technological advancement by investing in R&D facilities. 

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Petsfit

Founded in 2009, Petsfit, a key player in the Pet Bubble Backpack market and has involve in designing and manufacturing of several pet care products including dog houses, per carriers etc. company has its own factory and warehouse for storage.

Prefer Pets Travel Gear

Prefer Pets Travel Gear is a brand established in 2006 and involve manufacturing and retailing pet carriers. Company’s product portfolio includes totes, duffels and backpacks. 

MidWest Homes for Pets

Midwest Homes for Pets is established in 1921 and it is a division of Mid-West Metal Products. Product portfolio of company involves Crates, Small Animal Modular Habitat Systems, Birdcages, Pet Enclosure Furniture, Pet Bedding, and Accessories. Company manufactures products for all pets including cats, dogs, small animals etc. 

Some players active in the global pet bubble backpack market include Outward Hound, , Mr. Peanuts, Paws & Pals, Go Pet Club, Ferplast SpA, and others. High degree of competition exists between players operating in the global pet bubble backpack market. Manufacturers are consistently focusing on innovation and development of new production techniques in order to reduce manufacturing cost and offer new products. This is expected to maintain their share in the market during the forecast period. 

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Pet Bubble Backpack – Dynamics

Changing cultural and socio-economic factors are expected to boost market growth.

Pet owners consider their pets as family members due to changing cultural and socio-economic factors, which is expected to boost the pet bubble backpack market across the globe. The growing trend of nuclear families is expected to boost the pets market which encourages the pet bubble backpack market. Increasing disposable income of pet’s owners belonging to middle-income families is also supporting the growth.

Rise in numbers of local players may hinder the growth of market.

However, a rising number of local vendors are anticipated to lead to low quality and counterfeit products. This factor is expected to hinder the global pet bubble backpack market during the forecast period.

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Footrest Market: Competitive Dynamics & Global Outlook 2027

A footrest is a furniture element that supports the human body and helps maintain required posture; it helps in elevating the hips over knees, and takes off pressure from the lower back. Usage of a footrest also helps in improving blood flow in the body, which mitigates the risk of circulatory issues such as edema.

People spending long hours doing desk jobs or traveling being seated are the target clientele of the market. In the near future, the number of these people is anticipated to rise, resulting in increased demand for ergonomic footrests.

Footrest Market – Competitive Landscape

Safco Products Company

Based in New Hope, Minnesota, the U.S., Safco Products Company has been engaged in manufacturing products and furniture that enhances comfort. Tables and desks, seating solutions, filing cabinets and storage, bins and wastebaskets, and lighting solutions are some of the company’s offerings. Apart from products, the company also provides its customers with complimentary space planning services.

InteVision

InteVision is a global company that manufactures and markets various types of support cushions and bed wedges. The bed wedges provided by the company are popular for their orthopedic support of the upper body. The company sells majority of its products through Amazon, which makes it globally omnipresent and well recognized.

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Fellowes

Established in 1918 the Fellowes is headquartered in Chicago, Illinois, the U.S., and began as a manufacturer of records and document storage solutions. At present, the company manufactures filing cabinets, business machines, workplace management products, and air purification systems for offices as well as homes.

Econo High

Econo High is a company based in British Columbia, and operates as a manufacturer of compact and portable footrests. These foot rests are also foldable, and thus can be easily carried in a bag.

Other key players operating in the global footrest market include Eureka, Humanscale, ergoCentric, Kingston, Kantek, and Focal.

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Footrest Market – Dynamics

Ability of footrests to enhance productivity at work, key factor driving the market

Improper or misbalanced support to the legs and feet might harm the blood circulation and because of this, most working places are investing in footrests to complement the ergonomic chair. Earlier, footrests were mostly sold to the residential sector. However, commercial spaces are now significantly driving the footrest market.

Lack of awareness regarding the health benefits of footrests

The market might face challenges in emerging regions such as the Middle East and some parts of Asia Pacific owing to lack of awareness among consumers. These regions are also culturally stringent, which sometimes makes it difficult for such markets to gain substantial penetration. However, rising urbanization and transforming consumer behavior is expected to enable the market overcome this hurdle in the coming years.

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Drone Analytics Market Size, Share, Development by 2027

Drone analytics market has evolved rapidly on the back of the need for end-to-end ecosystem that only collects data. Further, it offers field intelligence that has vast business value. The trend of extracting in flight intelligence from drones is a key factor boosting the market. The offering by various service providers that offer infrastructure that combine drone-captured images, videos, and LiDAR has propelled the strides in the market. Over the past few years, cloud-based data visualization and analytics platform are growing in popularity. The proliferating volumes of drone-captured data has propelled the need for artificial intelligence and data science services.

Top players are focusing on offering turnkey drone flight services operations. Over the past few years, various end-use industries, notably the agriculture industry, has been stimulating the need for aerial data on-demand. The increasing trend of precision agriculture is a key factor propelling the demand for extracting intelligence from drone analytics. The trend is gathering traction in developing and developed regions. Such regions are witnessing high uptake of drones to bolster their productivity and reduce crop waste. Enterprise agriculture businesses are seeing new potential in the drone analytics market.

Advancements in sensors have helped create new avenues in the market. The use of integrates sensors technology is boosting the market. Growing need for analytics in improving services industries is bolstering the demands for drone analytics. The growing industrial use cases is a key trend boosting the market. The numbers of drone companies in the drone analytics market are growing in developing and developed regions. Advent of cloud-based decision support system has paved way for new revenue streams for service providers in the drone analytics market. The market is also witnessing new wave of customization.

Drone Analytics Market: An Overview   

The penetration of drone system is increasing in the world economy. One of the major beneficiaries of this penetration is players operating in the drone analytics market. Drone based monitoring is highly preferred in oil and gas industry, insurance, agriculture and construction industry. To process analysis done by drone system, enterprises need a drone analytics software that help them analyze and consume these data collected by drones.

These drone analytics solutions can analyze 2D and 3D visualizations of the sites recorded by a drone.  These utilities have ability to measure distances and determine length and area, as well as the volume, of a stockpile.

A report on drone analytics market by Transparency Market Research (TMR) will offer its readers in-depth understanding of historical developments in the industry. It will provide a detailed analysis of several opportunities prevailing in the market. It will have a detailed product segments, key countries, end-user segments and import/export dynamics of the drone analytics market.

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Drone Analytics Market: Notable Developments and Competitive Landscape

The competitive landscape of the drone analytics market is evolving rapidly. This is mainly because the drone monitoring is a new concept.  The market is dominated by several giant players with number gradual increase in number of new entrants, this is rendering a moderately consolidated landscape to the drone analytics market.

Some of the players operating in the drone analytics market are Esri, Viatechnik LLC, PrecisionHawk Inc, DroneDeploy, Delta Drone SA, Airware Inc, AeroVironment Inc, LLC, Agribotix, and Pix4D SA.

These small players are adopting organic growth strategies such as collaborations, acquisitions and business expansion in order to concretize their market hold. For instance, 1st August 2019 Kespry and DroneBase announced to collaborate with each other in order to expand their offerings ad improved their existing system.

Such developments will shape the future of drone analytics market by making services cost-effective and productive for the consumers.  

Drone Analytics Market: Key Trends

Drone analytics market is at present at a nascent stage, the future prospects of the industry is relied on the increasing adoption of drone in different market sectors. Drone based monitoring has done well in sectors such as precision farming and mining. The drone analytics solutions are helping them analyses several key factors associated with the land and its real time situation. This information is crucial to these industries and this industry is investing heavy on drone analytics. This is a major boost to the drone analytics market.

Nonetheless, despite several driers and opportunities growth in the drone analytics market is fairly compromised due to growing concerns regarding data-security and cyber-security. Moreover, implementation of drone and drone analytics need a robust infrastructure and several countries especially in emerging economies are not ready for this advancement.  

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Drone Analytics Market: Regional Outlook

On the basis of geography, the drone analytics market is classified into North America, Asia Pacific, Europe, and the Middle East and Africa. Among these regions, North America is projected to hold highest share in the drone analytics market. This is mainly due increasing adoption of drone analytics by the business leaders in the region.

Further, Asia-Pacific holds immense growth potential for the growth of the drone analytics market.  This is due to the high growth opportunities for drone analytics operations in nations such as India, China, and Japan owing to rapid expansion of commercial sector.

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