Disposable Face Mask Market: Competitive Dynamics & Global Outlook 2030

Transparency Market Research delivers key insights on the global disposable face mask market. In terms of revenue, the global disposable face mask market is estimated to expand at a CAGR of 8.5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global disposable face mask market report.

In the report, TMR predicts that the global disposable face mask market would be largely driven by factors such as increase in healthcare services and rising health concerns. Rise in demand for N95 grade disposable face masks due to the current outbreak of COVID-19, use of personal protection equipment, and penetration in developing nations are set to drive the global disposable face mask market during the forecast period.

According to the disposable face mask market report, the product segment includes N95, N99, N100, P95, and others; the raw material segment comprises cotton, polypropylene, paper, and others; the securing method segment includes hook & loop, and knit; the layer segment includes 1 layer, 2 layer, 3 layer, 4 layer, and above 4 layer; the end use segment comprises personal and Industry (chemical, oil & gas, defence, pharma & food processing, medical & healthcare, and others); and based on distribution channel, the market is divided into online and offline (mega & retail stores, pharma & drug stores, and others). In terms of product, N95 disposable face masks account for major share. Increase in spread of coronavirus in various countries contributes majorly to the expansion of this segment. The segment is projected to expand at a significant rate in the near future.

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N95 disposable and surgical masks are popular among consumers and are used to protect the wearer from airborne particles and from liquid contaminating the face. Growing prevalence of COVID-19 at the global level is driving product sales in 2020. Cotton disposable face masks are popular among consumers due to the comfort factor. Companies are working on environment friendly disposable masks, which are 100% biodegradable.

In terms of end use, the personal segment accounted for 60.8% of the market share in 2019. Usage of disposable masks for industrial purposes is much lower than personal usage. In the industrial sector, companies prefer to use non-disposable P or R series face masks to protect the face from oil and other particles.

Disposable face masks eliminate the need for sterilization and helps in controlling cross contamination with other products. These masks are also cost effective which makes them an attractive option, thus driving demand. All these factors are expected to drive the demand for disposable face masks during the forecast period.

Disposable Face Mask Market: Prominent Regions

Asia Pacific holds major share of the global disposable face mask market followed by North America. Key players largely depend on geographical expansion, promotions, and technological advancements to cater to customer demand and gain a competitive edge in the global disposable face mask market.

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Asia Pacific accounted for approximately 36% share of the global disposable face mask market in 2019, followed by North America and Europe. It is anticipated to maintain its dominance in the market during the forecast period due to due to growth and developments in the home care segment, smart hospitals, and medical tourism.

Disposable Face Mask Market: Key Players

Key players operating in the global disposable face mask market include Honeywell International Inc., 3M, Kimberly-Clark Corporation, Reckitt Benckiser Group Plc., Moldex-Metric, Inc., RESPILON Ltd., RZ Mask, Respro (UK) Ltd, Pranaair, and idMASK Co., Ltd.

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Electric Lunch Box Market Statistics by 2020-2027

Transparency Market Research delivers key insights on the global electric lunch box market. In terms of revenue, the global electric lunch box market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global electric lunch box market report.

In this market report, TMR predicts that the growing awareness of the benefit of home cooked meals coupled with rising desire of consumers to partake warm meals from lunch boxes has significantly driven the demand for electric lunch boxes. Growing health consciousness among the people is leading to demand for homely cooked food. Working professionals opt for home cooked meals as it is fresh, nutritious, hygienic, and pocket friendly. Rapidly changing consumer preference is likely to propel the global market for electric lunch boxes. Thus, growing health concerns and increasing awareness about homemade food is likely to stimulate the electric lunch box market in the near future.

In the coming years, innovations in electric lunch boxes through technological advancement is likely to generate new growth opportunities for the market. Kitchenware manufacturers are also constantly focusing on new innovations in their product portfolios. Some manufacturers have launched battery operated electric lunch boxes which is projected to create better opportunities for the global electric lunch box market in the near future.

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Furthermore, rising technological advancements and manufacturing of rechargeable battery operated lunch boxes will create opportunities for the electric lunch box worldwide. In addition, several manufacturers are offering budget-friendly electric lunch boxes through online channels that is set to boost the growth of the market.

Grid electric lunch boxes held the highest market revenue share in the global electric lunch box market in 2018 and are expected to remain dominant during the forecast period. Penetration of grid type lunch boxes is higher than container lunch boxes. Grid lunch boxes enable more space saving and look less bulky. Besides, grid lunch boxes are easier to wash. However, container lunch boxes are more popular in Asian provinces, particularly in India.

Based on raw material, the plastic segment led the electric lunch box market in 2018. Although plastic is considered harmful to the environment, preference for plastic by manufacturers as well as consumers is predominant, owing to its lightweight feature with relatively lower cost, contributing to its growth globally. However, in the coming years, stainless steel electric lunch boxes are expected to gain traction due to rising environmental concerns, resulting in limited use of plastic products.

Electric Lunch Box Market: Prominent Regions

Geographically, Asia Pacific led the electric lunch box market in 2018 and the region is expected to retain its dominance during the forecast period. Globally, 52% of the workforce population is the formal or waged/salaried population. This is the prominent target clientele for the electric lunch box market. Majority of this population resides in the Asia Pacific region, which accounts for more than 55% of the global population. Hence, it is anticipated to remain the prominent market for electric lunch boxes followed by Europe and North America.

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Electric Lunch Box Market: Key Players

The competition landscape for the electric lunch box market is highly fragmented with the leading players accounting for 10% to 15% of the revenue share. Key players operating in the global electric lunch box market include TAYAMA APPLIANCE USA INC., Haven Innovation, Newell Brands Inc., Hamilton Housewares Pvt. Ltd., SKG Electric Co., Ltd, Jaypee Plus, Koolatron Corporation, Cello World, and Girmi.

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Bead Products Market Trends and Development 2020-2025 due to COVID-19 Impact

Transparency Market Research delivers key insights on the global bead products market. In terms of revenue, the global bead products 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 bead products market report.

In this market report, TMR predicts that rising partnership among private public organizations will have a noteworthy impact on the overall bead products market. The bead products study signifies the handcrafted bead products, which encapsulates a wide range of products, including jewelry, art, pottery, tapestries, utensils, and various other accessories. Earlier, these products had limited market reach, owing to their concentration and availability at select locations. However, now, with the help of advancing business trends, the private sector has partnered with local associations supporting the community of bead products manufacturers, enabling them to penetrate into novel geographic verticals.

In terms of product type, the market has been divided into home décor, jewelry, accessories, pet items, models, holiday ornaments, and others products such as stationery, etc. During the forecast period, the market is anticipated to be dominated by the jewelry segment. Jewelry bead products in the report have been further segmented into necklaces, bangles & bracelets, earrings, rings, pendent, and others (armlets, anklets, etc.). Rising demand for bangles and bracelets is anticipated to drive the jewelry segment throughout the forecast period.

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Based on bead type, the market has been segmented into powder glass beads, crystal beads, metal beads, natural beads (such as wood, bone, stones, etc.), and others, including acrylic, plastic, and trade beads. The natural beads segment is anticipated to expand at a significant growth rate during the forecast period.

In terms of bead shape, the bead products market has been categorized into round, oval, cube, cuboid, and others (bicone, star, twisted, etc.). The round bead shape has been found to be widely used, accounting for majority share in the value as well as volume market. In terms of bead size, the market has been segmented into less than 0.5 mm, 0.5 mm to 1mm, and more than 1 mm. The more than 1 mm segment is expected to lead the market and dominate the market in the forthcoming years. Furthermore, based on pricing, the market has been divided into high, medium, and low. Based on category, the market has been categorized into mass and premium. As per the study, it has been estimated that in the coming years, the mass products segment, which correlates to low price products is expected to dominate the revenue share of the bead products market.

In terms of end user, the individual or distinct buyer contributed to higher revenue share of the market. In terms of distribution channel, increasing adoption of online shopping trends is likely to fuel the share of online platforms in the overall bead products market.

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Bead Products Market: Prominent Regions

Geographically, Asia Pacific led the bead products market in 2019 and the region is expected to retain its dominance during the forecast period. China and India are considered the major markets for bead products in the Asia Pacific region. Asia Pacific is a prominent market globally, since it is an important manufacturing base for bead products. Apart from Asia Pacific, the African provinces also significantly contribute to the growth of the global bead products market.

Bead Products Market: Key Players

The competition landscape of the bead products market is highly fragmented with leading players accounting for nearly 25% of the revenue share. Key players operating in the global bead products market include African Crafts Market, Alamy Ltd., BeadforLife, Earth Africa Curio, Global Village Gifts, Indego Africa, Kenya Crafts, Naushad Trading Company (NTC) Limited, The Kenyan Craft Company, and WorldCrafts.

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Term Insurance Market 2020 by Key Players, Regions, Type and Application, Forecast to 2030

Transparency Market Research delivers key insights on the global term insurance market. In terms of revenue, the global term insurance market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global term insurance market report.

In this market report, TMR predicts that simplicity and management flexibility of term insurance policies will have a noteworthy impact on the overall term insurance market. Term insurance premiums are available at lower rates when compared to permanent policies with same amount benefit. This makes them more suitable for lower income groups across the globe. Additionally, term insurance policies are also relatively simple to understand and provide management flexibility to customers such as easy cancellation and shifting to a permanent policy. These factors are driving the popularity of term insurance policies in rapidly advancing regions, especially among the age group of 25 – 35. These are majorly beginners opting for financially secure insurance policies.

Furthermore, partnerships among policyholders is a key trend in the term insurance industry. Term insurance service providers are becoming partners with the policyholders by accessing their data in order to provide personalized value-added services. Furthermore, term insurance service providers in the market are also taking on the role of a preventer by advising and training their customers to make better healthcare and lifestyle choices.

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For instance, AIA Australia linked life and health insurance, along with its wellness program rewards, allowing customers to take proactive actions to understand and improve their health by offering discounted insurance premiums.

In terms of type, the term insurance market has been segmented into level term policy, renewable or convertible, annual renewable term, and mortgage life insurance. During the forecast period, the term insurance market is anticipated to be dominated by the level term policy segment. It provides predictable financial protection, with unchanging premiums or death benefits. This significantly contributes to the level term insurance growth during the future timeline.

Based on buying channel, the term insurance market has been segmented into direct and indirect channel. The direct channel has been further segmented into direct email, call centers, and online company websites. The indirect channel has been segmented into agency, brokers, and online aggregators. The online aggregators segment is anticipated to expand at a significant growth rate during the forecast period, and also contribute to the overall growth of the global term insurance market.

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Term Insurance Market: Prominent Regions

Geographically, Asia Pacific led the term insurance market in 2019 and the region is expected to retain its dominance during the forecast period. China and India are considered the major markets for term insurance in the Asia Pacific region. Apart from Asia Pacific, European provinces also significantly contributing to the growth of the global term insurance market.

Term Insurance Market: Key Players

The competition landscape of the term insurance market is highly fragmented with leading players accounting for nearly 20% of the revenue share. Key players operating in the global term insurance market include AIA Group, AIG, Allianz SE, AXA, Berkshire Hathway, Brighthouse Financial, China Life Insurance, Prudential PLC, United Health Group, and Zurich Insurance Group.

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Bicycle Market 2020 Emerging Trends, Demand, Growth Opportunities, Size and Forecast To 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.

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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.

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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Commercial Avionics Systems Market Opportunity, Future Trends and Forecast by 2027

The vendor landscape in the global commercial avionics systems market is dynamic in nature with the presence of quite a few market players, observes Transparency Market Research (TMR). The primary factor that has been driving the global commercial avionics systems market is the increasing requirement for systems that can make precise and correct calculation of real time data for the aviation industry. It has been forecasted that the overall effect of this requirement would be very high in the years to come and is expected to influence and shape the market in a specific way.

Global commercial avionics system is anticipated to become more competitive in the next few years to come. Noted market players are estimated to put more focus on technologically advanced systems and innovation. It is also expected that there will be low cost entry in the global commercial avionics system market in the next few years which is lead to the foray of a number of new entrants.

Some of the prominent names that adorn the global market for commercial avionics systems are Avidyne Corporation, GE Aviation, Panasonic Avionics Corporation, Rockwell Collins Inc., Honeywell Aerospace, Universal Avionics System Corporation, and United Technologies Corporation, Garmin Ltd amongst many others.

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As per a market research report by Transparency Market Research, it has been forecasted that the global commercial avionics systems market is expected to expand at a CAGR of 3.5% over the forecast period of 2019 - 2027. Expanding at such a growth rate, it is expected that the global commercial avionics systems market will reach a market value of US$ 34.44 bn by the end of the forecast period.

Evolution of Aviation Industry to Stimulate Market Growth

Rapid evolution of the aviation industry, especially in developed economies such as North America and Europe is another factor that is driving the global commercial avionics systems market. Substantial opportunity for development and improvement are being offered to the market players of the global commercial avionics systems.

Global commercial avionics systems market is also believed to have benefitted from various technological innovations and advancements that are taking place in the aviation industry. Technological developments such as better in-flight entertainment systems and modern glass cockpits are benefitting the global market for commercial avionics system.

However, unwillingness of the market players to participate in larger activities owing to high system maintenance costs is restricting the growth of the global market for commercial avionics systems. Furthermore, aviation vehicles have become more vulnerable to online hacks due to the usage of modern commercial avionics system.

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North America to Lead the Market throughout the Forecast Period

The market research study delves into the global market for commercial avionics systems market and its performance in the major regions of the North America, Europe, Asia Pacific, and rest of the World. The report makes an effort to comprehend the regional dynamics that are at play in the global commercial avionics systems market. It is forecasted that in terms of revenue generation and market demand, North America is likely to remain the market leader for the global commercial avionics systems market in the forthcoming years. Amongst all of these regions, North America dominated the global market for commercial avionics systems with around 42.4% of the total market share in the year 2019. The region is expected to continue with its regional supremacy over the timeframe of forecast too.

The information shared in this review is based on a TMR report, bearing the title “Commercial Avionics Systems Market(Systems - Integrated Modular Avionics, Avionics Full Duplex Switched Ethernet, Surveillance Systems, Cockpit Systems, Cabin Systems, Flight Control and Emergency System, Navigation Systems, Electrical Systems, Communication Systems, and Central Maintenance Systems; Aircraft Types - Fixed Wing Aircrafts and Rotary Wing Aircrafts) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027.”

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Motion Controller Market Share, Industry Size, Opportunity, Analysis, Forecast 2020-2027

Featuring a largely fragmented and highly competitive vendor landscape, companies operating in the global market for motion controllers benefit from the vast set of application areas across a large number of process and manufacturing industries, observes Transparency Market Research in a recent report. The global market comprises several small-scale vendors across promising regional markets and is likely to remain highly competitive for large companies in the near future as well, unless attempts are made to consolidate the market with the help of strategic collaborations, mergers, and acquisitions. Some of the leading companies in the market are Rockwell Automation, Schneider Electric, Parker Hannifin, and Siemens.

The report states that the market will exhibit a promising 7.82% CAGR from 2019 to 2027, registering a promising revenue opportunity of US$3,670.30 Mn by 2027 from US$1,878.68 Mn in 2018.

Thriving Industrial Sector in Asia Pacific to Remain a Strong Force for Global Market

Geographically, the market in Asia Pacific, which is domicile to some of the leading companies operating in the field of motion controllers, has been a prime player in terms of innovations and technological advancements in the area. Moreover, the increased adoption of smart manufacturing techniques to achieve plant-wide optimization, sustainable production, and data inter-operability across a number of steadily expanding end-use industries has also solidified the region’s position in the global market. Accounting for over 30% of the global market in 2018, the region is likely to hold on to its top spot by registering an impressive 9.3% CAGR from 2018 to 2017.

In terms of technology, the segment of general motion controller contributed the dominant share in global revenue in 2018 and is anticipated to expand at a promising CAGR of 7.5% over the report’s forecast period. The segment of CNC motion controllers is anticipated to register a decent CAGR over the forecast period owing to the rising adoption of CNC machines in manufacturing and metal industries in developing economies such as Vietnam, Brazil, South Africa, and Australia.

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Attempts Made to Establish Smart Manufacturing Facilities Compel Increased Adoption

The global motion controller market is chiefly driven by the increasing adoption of plant and process automation across industries that are inclined towards establishing smart factories and smart manufacturing processes in their ecosystems as a way of achieving high productivity, efficiency, and process optimization. This is especially true for developing geographies such as Asia Pacific and South America. With increasing investment of government and private bodies in manufacturing and process industries, emerging economies of China, India, Indonesia, and Vietnam in these regions are fueling the adoption of a variety of global motion controllers.

The global motion controller market is also driven by a vast set of factors including the need for higher throughput from industries with improved accuracy and greater equipment efficiency and rising concerns regarding the safety of human resources in industries with difficult operation environments. However, factors such as the low availability of skilled labors could hinder the growth prospects of the global motion controller market during the forecast period.

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This review of the global motion controller market is based on a recent market research report by Transparency Market Research, titled “Motion Controller Market (Type of Axis - Multi Axis, and Single Axis; Technology - General Motion Controller and CNC Motion Controller; Product - PLC Based Motion Controller, Stand-alone Motion Controller, and PC Based Motion Controller; Industry Vertical - Aerospace and Defense, Automotive, Semiconductor and Electronics, Metal and Mining, Food and Beverages, Healthcare, Pharmaceuticals, Plastic and Rubber, and Textile) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027.”

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