Air Conditioning System Market Trends 2020 | Product, Industry Developments, Share, Current Trends by 2026

According to a new market report published by Transparency Market Research titled ‘Air Conditioning System Market ((Product – Split AC and Window AC); (Application – RAC, PAC, and VRF); (End-use – Residential and Commercial); (Distribution Channel – Online and Offline)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, the global air conditioning system market is expected to reach US$ 211,259.4 Mn by 2026, expanding at a CAGR of 4.6% from 2018 to 2026. In terms of volume, the market is expected to reach 190,703‘000 units by 2026, expanding at a CAGR of 3.6% from 2018 to 2026. The market is segmented by regions into North America, Europe, Asia Pacific, Middle East & Africa (MEA) and South America. 

The air conditioning system market in Asia Pacific is the largest in the world and is expected to grow at a healthy rate over the forecast period. Split air conditioners dominate the Asia Pacific air conditioning system market compared to window air conditioners. Rise in disposable income, changing lifestyle, a hot climate, and increasing construction industry is increasing the demand for room air conditioners (RAC) across Asia Pacific. In the Asia Pacific region, compared to other types of air conditioners such as PAC (Packaged Air Conditioners) and VRF (Variable Refrigerated Flow) system, room air conditioners (RAC) dominate the market.

China is the largest market for air conditioner systems in the world. In China, room air conditioners dominate the market. Japan and India are other important air conditioning markets for global air conditioning manufacturers. Global air conditioning system manufacturers are focusing on Asia the Pacific region. In May 2018, Daikin completed and started operation of its first air conditioning plant in Vietnam where it conducts air conditioning assembly, training, and education. The company intends to manufacture room air conditioners and produce one million units by 2020. The company is investing in Vietnam as it expects the Asia Pacific air condition market to grow rapidly in the future. The company already has production plants in Thailand, Malaysia, and India.       

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The air conditioning system market in North America holds the second largest share in the global air conditioning system market and is expected to grow moderately over the forecast period. North America is a developed region. Window air conditioners dominate the North America air conditioner market compared to split air conditioners. In North America, room air conditioners hold a larger market share than packaged air conditioners. The U.S. is the largest air conditioner market in North America. Canada is another important air conditioner market in North America. Rise in residential construction both in the U.S. and Canada is increasing the demand for room air conditioners (RAC) in the region. 

In Europe, room air conditioners hold a major share of the market. Rising residential construction activity especially in Eastern Europe is increasing the demand for air conditioners. Russia is the largest air conditioner market in Europe. Other major air conditioner markets in the region are Italy, Spain, France, and the U.K. Rising demand for high priced VRF (Variable Refrigerant Flow) air conditioners is driving the Europe air conditioning system market. 

Middle East &Africa (MEA) air conditioning system market is the fourth largest in the world. GCC and Nigeria are major markets in the MEA air conditioning system market. 

South America air conditioning system market is the smallest in the world. Brazil is the largest and most significant air conditioning system market in South America and the market is expected to grow moderately over the forecast period. 

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The study provides a conclusive view of the global air conditioning system market by segmenting it in terms of product, application, end-use, and distribution channel. In terms of product, the global air conditioning system market has been classified into split AC and window AC. Based on application, the global air conditioning system market has been segmented into RAC (Room Air Conditioners), PAC (Packaged Air Conditioners), and VRF (Variable Refrigerant Flow) air conditioners. The VRF air conditioner systems are also known as VRV (Variable Refrigerant Volume) air conditioners. Based on end-use, the global air conditioning system market is segmented into residential and commercial. Based on distribution channel, the market is segmented into online and offline. 

The report highlights major companies operating in the global air conditioning system market including Daikin Industries, Ltd., Mitsubishi Electric Corporation, Midea Group Co., Ltd., Samsung Electronics Co., Ltd., Electrolux AB, Panasonic Corporation, United Technologies Corp., Hitachi, Ltd. Sharp Corporation, and Lennox International Inc. 

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Covid-19 Lockdown Impact: Refurbished and Used Mobile Phones Market Growth and Demand

The global refurbished and used mobile phones market is gaining traction owing to the rapid growth of the digital content. Smartphone has become an integral part of people’s lives starting from engaging e-commerce, supporting communication to fueling the growth of digitalization. Nowadays, tech-savvy consumers are shifting towards high-end and advanced technological equipment. Such consumers are not willing in spending much time with their new smartphones due to the short upgrade cycle. Thus, a large number of population is showing their interests toward used mobile phones which have their desired features that to in low price. 

An upcoming report on the global refurbished and used mobile phones market by Transparency Market Research promises to be crucial source of information for stakeholders looking to strengthen their foothold in the market. The report would enable them to gain proper insight into the growth drivers and restraints. The exhaustive information in the report would unravel the opportunities and pitfalls in the market. The report runs through multiple standpoints such as trends, competitive landscape, product, application, and regional segments to understand if the global refurbished and used mobile phones market holds out solid promise. 

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Global Refurbished and Used Mobile Phones Market: Key Trends 

Rising emerging economies, growing demand for purchasing low-priced products, and increasing adoption of smartphones are believed to be driving the global refurbished and used mobile phones market. Along with these, rising customers dependency on electronic gadgets in developing countries also is expected to fuel demand in the global refurbished and used mobile phones market. Smartphones manufacturers of developing economies are constantly investing in research and development for producing high-end mobile phones in order to meet rapid technological demands from consumers. Such factor is also expected to boost the global refurbished and used mobile phones market. 

Furthermore, rapid urbanization in developing countries, growing mid-price brand division, rising demand for advanced features at low prices are also projected to propel the global refurbished and used mobile phones market. Along with these, rapid implementation of governments’ initiative and regulation about green initiatives and e-waste management is also believed to be further boosting demand in the global refurbished and used mobile phones market. 

Global Refurbished and Used Mobile Phones Market: Regional Outlook 

With respect to geography, APAC is expected to lead the global refurbished and used mobile phones market as the region has seen rapid infrastructural development. Growing urbanization, burgeoning tech-savvy population, and rapid technological advancements could also be responsible for fueling the refurbished and used mobile phones market in this region. Other prominent regions in the global refurbished and used mobile phones market are the Middle East, Africa, South America, and North America. Rising government regulations in recycling technological products is expected to boost the refurbished and used mobile phones market in these regions. 

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Global Refurbished and Used Mobile Phones Market: Competitive Dynamics 

Some of the prominent players operating n the global refurbished and used mobile phones market are Samsung electronics, Redeem UK, FoneGiant.com, NIPPON TELEPHONE INC, and Verizon Communications. The report unravels their market standing, product offerings, geographical outreach, and strategies for progress. It also furnishes information on their sales and revenues and their growth potential.

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COVID- 19 to Impact Demand Growth of Interactive Kiosk Market

According to a new market report published by Transparency Market Research titled ‘Interactive Kiosk Market (Type: Floor Standing, Wall Mount, and Others; End-use Industry: Retail & Hospitality, Financial Services, Healthcare, Media, Communication & Entertainment, and Government) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027, the global interactive kiosk market is expected to reach US$ 43,697.0 Mn by 2027, expanding at a CAGR of 6.1% from 2019 to 2027. In terms of volume, the global interactive kiosk market is expected to reach 8,140.6 ‘000 units by 2027, expanding at a CAGR of 5.8%. Based on region, the global market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.  

The interactive kiosk market in North America is mature and is the second-largest market globally. North America witnesses a significantly high number of non-cash transactions and this number is increasing owing to a surge in the use of interactive kiosks and ATMs. The U.S. dominates the interactive kiosk market in North America. In the U.S., as per the Diary of Consumer Payment Choice Report 2015 and 2018 by Federal Reserve, the market share of cash transactions have decrease to 30.0% in 2017 whereas share of debit and credit cards have maintained a market share of 45.0-48.0% between 2015 and 2017. Interactive kiosks have been used for a long time in the U.S. Moreover, the versatility of interactive kiosks has been increasing for the last few years.

A significantly high number of ATMs are in use in the U.S. Moreover, penetration of banking services is high in the U.S. According to the FDIC (Federal Deposit Insurance Corporation), survey in 2017: FDIC National Survey of Unbanked and Under banked Households, the share of unbanked households in the U.S. is only 6.5%. ATMs serve a major banking channel for consumers in the U.S. Consequently, the interactive kiosk market in the U.S is expanding.   

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Europe is the third-largest market for interactive kiosk, globally, and it is a mature market. Europe follows North America, in terms of number of non-cash transactions, globally. In Europe, the U.K., Germany, and France are prominent markets for interactive kiosks. The baking industry is mature in Europe, and ATMs are a major banking channel. Rise in card payment and mobile commerce is driving the demand for interactive kiosks. 

China is a prominent market for interactive kiosk in Asia Pacific, followed by Japan and India. In terms of ATM volume, China is a major market and accounts for more than 75.0% share of the global ATM market. India is also a prominent interactive kiosk market and demand for ATMs is increasing in India. In both China and India, rise in millennial population, increase in penetration of digital technologies, and government initiatives for financial inclusion are boosting the number of banking consumers.

Consequently, banks are introducing ATMs in order to serve this large pool of new consumers. Japan is a major exception to this trend, as the number of ATMs has declined in Japan, as the cost and maintenance of an ATM in the country is higher than the fee it generates. The number of ATMs is expected to rise in other countries in Asia Pacific also, such as Myanmar, Bangladesh, and Pakistan. 

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Middle East Africa (MEA) is a relatively minor market for interactive kiosk globally. However, countries in GCC (Gulf Cooperation Council), such as Saudi Arabia and the UAE, are witnessing an increase in the usage of interactive kiosks owing to a rise in globalization and entry of global retailers in the region. In terms of ATMs, countries in Africa, such as Algeria and Mozambique, are expected to witness expansion. 

Brazil is a significant market in Latin America. Brazil accounts for a significant share of non-cash transactions across the globe. Rise in consumerism and banking penetration is driving the number of interactive kiosks and ATMs in Brazil.            

 The study provides a conclusive view of the global interactive kiosk market by segmenting it in terms of type and end-use industry. In terms of type, the global interactive kiosk market has been classified into floor standing, wall mount, and others. In terms of end-use industry, the global interactive kiosk market has been segmented into retail & hospitality, financial services, healthcare, media, communication & entertainment, and government.   

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 The report highlights major companies operating in the global interactive kiosk market including NCR Corporation, Diebold Nixdorf Inc., KIOSK Information Systems, PFU Limited, Olea Kiosks, Inc, Slabb Inc., Meridian Kiosks, Advanced Kiosks, DynaTouch Corporation, and Peerless Industries, Inc.  

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Global Nail Gun Market Report, Industry Overview, Growth Rate and Forecast 2030

 

• A nail is a small tool used as a fastener in the construction and woodworking industry. It is also used for decoration purposes. Usually, nails are pointed on one end and have a compressed head on the other. A nail gun, also know as nailer, is a kind of tool utilized to drive nails into construction work, wood, or other type of material. It is generally driven by solid air, electromagnetism, and highly flammable gases. The nails range in size from about 15mm to 100mm.

Key Drivers of the Global Nail Gun Market

• Demand for nail guns have been on the rise due to their growing demand in the construction industry, woodworking, and building renovation, especially in emerging countries. Companies are constantly focusing on developing innovative and technologically advanced products to cater to the evolving needs of consumers. Nail guns are equipped with maintenance-free drive motors that can be customized according to user requirements. This is the key driver estimated to expand the nail gun market in the near future.

Opportunities in the Global Nail Gun Market

• Nail guns have in several ways substituted hammers as tools of selection among builders. Nail guns have better opportunity, for instance, in the growing developments in the construction process, and in enhanced craftsmanship. Nail guns raise productivity in a broad variety of segments, particularly in building and construction sectors.

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Market in Asia Pacific to Expand Rapidly

• In terms of geography, the global nail gun market can be divided into five regions North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
• North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the nail gun market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the nail gun market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America nail gun market is segmented into Brazil, and Rest of South America.
• Currently, North America and Europe are the most dominant nail gun markets across the globe due to presence of established players and advance technology in the regions. However, Asia Pacific is estimated to be the fastest growing market during the forecast period as compared to other regions due to growth in industries such as construction and manufacturing.

Key Players Operating in the Global Market

The nail gun market is consolidated and highly competitive owing to the presence of established global and several domestic players. Key players are focusing on raising their productivity to expand their topographical reach and increase their customer base. Manufacturers are focusing on new product launches, price, and brand to contend with their competitors to gain significant share in the nail gun market in the coming years.

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A few of the key players operating in the global nail gun market are:

• Emerson Electric Co
• Hilti Corp
• Illinois Tool Works Inc.
• Koki Holdings Co Ltd
• Makita USA Inc.
• Powernail Co Inc.
• Puma Industrial Co Ltd
• Robert Bosch GmbH
• Stanley Black And Decker Inc.
• Techtronic Industries Co Ltd.

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In-flight Catering Services Market Global Industry Overview, Sales Revenue, Demand and Forecast by 2027

The growth of the global in-flight catering services market is reflective of the customer-centricity of airlines. World-renowned airlines have earned the trust of frequent fliers through their premium services. Besides, the aviation industry has transcended as the most sophisticated, customer-oriented, and refined sector. The importance of in-flight catering services in adding value to the experience of guests has played a vital role in market growth. Airline operators invest large sums of money in training flight attendants to provide premium catering services. Moreover, airlines are also investing ample time in narrowing down on the best option for in-flight meals. It is, therefore, safe to expect that the global in-flight catering services market is riding along a lucrative pathway.

Transparency Market Research, in a research report predicts that the global in-flight catering services market would expand at a steady CAGR of 5.0% over the period between 2019 and 2027. Furthermore, the total value of the global in-flight catering services market held a total value of US$ 18 Billion in 2018.

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Strategies of Renowned Airlines

Singapore airlines has earned the prestige of being one of the most customer-centric airlines. With their personalised approach and premium services, the airlines have constantly earned accolades and appreciation from travellers. The expertise of the staff in food catering has been a matter of distinction for the Singapore Airlines. The growth of this well-acclaimed carrier has also contributed towards the growth of the global in-flight catering services market. Moreover, other airlines are also making prudent efforts to match the starry standards set by Singapore airlines.

Emirates has emerged as the favourite airline in terms of food catering. The meals provided by emirates are a matter of discussion amongst allied travellers. The desserts and snacks provided by emirates are especially very popular amongst frequent fliers.

The hospitality of the emirates staff while offering food catering services has also earned global recognition. It is expected that the global in-flight catering services market would grow alongside key developments across major airlines. A major proportion of the airline budget is dedicated towards ensuring premium in-flight catering services.

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Boom in the Aviation Industry to Drive Sales

After witnessing a prolonged damp period, the aviation industry has regained momentum over the past few years. The boom in the industry can be attributed to multiple factors including favourable government policies, large-scale funding from key-investors, and increasing air traffic. Considering the aforementioned factors, the global demand within the in-flight catering services market is expected to touch new heights. However, introduction of paid meals by certain airlines is a matter of concern for the market vendors.

The in-flight catering services market has been spectating continuous transmutation, given the influence of macro trends - growing spread of urban sprawl and globalization - as well as micro trends – increasing expectations of passengers for high-quality food on-board. As per the findings of our seasoned analysts, the in-flight catering services market registered a value of ~ US$ 18 billion in 2018, and is likely to record a CAGR of ~ 5% during the forecast period.

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Art Supplies Market Trends, Demand and Business Opportunities 2030

The art supplies market may gain an upper hand in terms of growth on the account of the growing demand due to COVID-19-induced lockdowns across the world. As the governments of various countries have implemented stay-at-home orders, many people are utilizing this time to fulfill their hobbies like drawing, painting, crafts, etc. This aspect may ping tremendous growth opportunities for the art supplies market between 2020 and 2030.

The promotion of cultural and indigenous art types in various countries may boost the art supplies greatly. The use of biodegradable art supplies has also gained considerable momentum over the years due to the growing awareness about the environment. This factor may ping good growth for the art supplies market.

This report on the art supplies market provides a bird’s eye view of the current market situation. The report analyses growth parameters like key players, competitive landscape, regional scenario, and emerging trends. The report also offers expansive research on how the COVID-19 pandemic will impact the art supplies market. The segmental study enables the stakeholder to understand the different aspects of the art supplies market systematically.

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Art Supplies Market: Competitive Analysis

The art supplies market has a plethora of players competing against each other for grabbing a prominent position in terms of sales and consumer loyalty. This factor attracts intensive research and development activities, novel product launches, initiatives to increase production capacity, and exploring untapped regions. Manufacturers in the art supplies market are also focusing on developing eco-friendly products due to the growing awareness about environment conservations across the globe.

The entry of new players in the art supplies market may increase the competition greatly. Entering the art supplies market is not a complex task as it requires low investment due to minimal infrastructure requirements and the regulations are also not extremely stringent. These factors enable maximum entry of new players in the art supplies market.

Investments from major conglomerates and organizations, mergers, acquisitions, joint ventures, and collaborations help in cementing the base of the players in the art supplies market. Some well-established players in the art supplies market are Société BIC SA, Kokuyo Camlin, F.I.L.A., Faber-Castell, and STAEDTLER Mars GmbH & Co. KG.

Art Supplies Market: The Growing Influence of Eco-Friendly and Non-Toxic Products

The art supplies market may garner good growth from eco-friendly products. A substantial consumer base is inclining toward eco-friendly and non-toxic art supplies for assuring complete safety for their progeny. Here are some art supplies that may ping good growth.

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Glue: Used for a number of craft activities, glues laced with chemicals can prove hazardous for kids. Therefore, a plethora of eco-friendly and toxic-free glues are offering a hotbed of opportunities for the art supplies market. For instance, Onyx Green glue is made using plant-based packaging and 88 percent non-toxic ingredients.

Glitter: Biodegradable glitters are gaining good traction and may ping expansive growth opportunities for the art supplies market. Today Glitter is a classic instance. It is made from eucalyptus and is available in a variety of colors and textures.

Color Pencils: Colors form an important part of any art activity. The use of eco-friendly color pencils may serve as good growth generators for the art supplies market. Faber Castell launched colored EcoPencils made from reforested wood. These pencils are also non-toxic. Such products assure extensive growth for the art supplies market.

Clay: Eco-friendly clay may prove to be a good growth multiplier for the art supplies market. Clay made from all-natural and non-toxic ingredients do not harm the skin.

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Art Supplies Market: Regional Dimensions

The art supplies market is spread across North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. Asia Pacific may gain a large share of growth across the forecast period due to the vast presence of school-going children and the use of pencils, markers, etc by them across the region. The governments of various countries in the region are encouraging the promotion of local arts. This factor may garner good growth for the art supplies market.

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Mattress Market is anticipated to record a significant growth rate over 2020-2027

The demand within the global mattress market is rising on account of advancements in the residential sector. The need for mattresses in households and hotel is indispensable, and this creates a plethora of opportunities for market growth. Furthermore, use of mattresses is not only related to enhancing the comfort levels of people, but also have an aesthetic dimension to it. As custom-designed beds make their way into the residential sector, the demand within the mattress market is bound to rise. The use of small mattresses for cushioning of sofas, couches, and other furniture is also a key consideration from the perspective of market growth.

Transparency Market Research (TMR) holds that global mattress market would grow at a sturdy CAGR of 7% over the period between 2019 and 2027. The total value of the global mattress market stood at US$ 37 Bn in 2019, and this figure is expected to reach US$68 by 2027. The demand for mattresses in the residential sector has grown at a robust pace.

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Comfort comes Prior for Consumers

The level of comfort offered by a mattress depends on the type of stuffing used to plump it. The manufacturers are using the best suited materials such as cotton and fur to offer high-quality, comfortable, and durable mattresses. The cumulative demand within the global mattress market is projected to reach new heights in the years to follow. Foam and latex mattresses have especially witnessed a surge in demand in recent times. Moreover, the quest of the market players to offer the most fitting products to the consumers has aided market growth.

The demand within the global mattress market is expected to grow with advancements in several industries including interior planning, designing, and hotel management. The quest of worldwide hospitality chains to offer the highest level of comfort to guests is a key dynamic of market growth. Furthermore, the growing use of social media to write review about stays and experiences at hotels has also put hospitality vendors on their toes.

IKEA Causes Disruption in Global Market

IKEA is a renowned name in the global mattress market, and the company is known for manufacturing comfortable mattresses. The company offers a wide range of king and queen-size mattresses that are designed to ‘serve customer needs.’ The HYLLESTAD spring mattress by IKEA has become a favourite amongst consumers because of the high level of comfort offered by this mattress type. The resilient and comfortable foam of the mattress binds along the contours of the body to offer premium comfort and rest. The growth of IKEA into a mammoth-sized market vendor has aided market growth. Sleepwell has also emerged as a renowned player in the global mattress market, and is rapidly growing into a preferred brand for consumers.

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One of the revolutionary trends seen in the global mattress market is the growing demand for natural and organic mattresses. The demand for organic products has grown significantly over the years; this is also seen in the mattress market, where nowadays, people are inclined towards organic mattresses. Players are now offering different varieties of organic-based mattresses that are made from hypoallergenic materials. Rise in awareness among consumers about the harmful effects of synthetic mattresses has shifted their preference toward organic mattresses. People suffering from breathing problems prefer organic mattresses to avoid unwanted health problems that are caused by synthetic material.

Pesticides and toxic chemicals are not used in organic mattress, which helps in enhancing sleep quality with minimum effect on the skin and hair, and reduces the chances of skin allergies. Among the various natural materials used for manufacturing organic mattresses, latex, wool, and cotton are widely used. With the increasing demand for organic and natural mattresses, a large number of players are making deliberate efforts to use organic materials while manufacturing their products. However, customers who prefer organic mattresses face a few issues regarding their price and limited availability. Also, there are fewer players offering organic mattresses in the market, which can also be a challenge for customers in opting for the right organic mattress.

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