Four-wheel Drive Tractor Market Forecast Analysis by 2020-2030

According to the report, the global four-wheel drive tractor market is projected to surpass US$ 22.9 Bn by 2030, expanding at a CAGR of 3.5% during the forecast period. The increase in global warming is prompting most tractor manufacturers to develop efficient tractor technologies for their tractors, which is anticipated to boost the four-wheel drive tractor market across the globe. Additionally, subsidies provided by governments for farmers on agricultural equipment, in order to boost the production of farms, is anticipated to propel the market for agriculture tractors during the forecast period. 

Moreover, rising adoption of agricultural equipment in developing and developed countries, where agriculture is a major contributor to their respective economies, is boosting the rate of harvesting. Increasing population is fueling the demand for agricultural products consistently, which further boosts the demand for powerful tractors with four-wheel drives. Currently, farmers require large and more powerful tractors for heavy applications in farming in order to boost agricultural yield. This, in turn, is estimated to propel the demand for four-wheel drive tractors across the globe.

Technological progression and development of several advanced combustion modes is anticipated to boost the automotive sector, owing to rise in the demand for high efficiency and to lower carbon emission. Moreover, advancements in terms of electric tractor technology are expected to boost the production of electric tractors across the globe, owing to increase in the demand for tractors during the forecast period. This, in turn is driving the four-wheel drive tractor market, globally.

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Expansion of Four-wheel Drive Tractor Market

A surge in demand for high performance tractors across the globe is projected to boost the four-wheel drive tractor market during the forecast period. China witnessed a surge in the production of both diesel and electric propulsion enabled tractors. Based on propulsion system, the diesel segment dominated the market, as the production of diesel engine tractors is higher as compared to that of electric and hybrid tractors. However, rise in preference toward electric tractors is anticipated to boost the electric segment during the forecast period.

In terms of operation, the global four-wheel drive tractor market was dominated by the manual segment. However, increase in the demand for autonomous tractor technology prompted by high performance, fuel efficient tractors, coupled with enactment of emission regulation is fueling the demand for autonomous tractors during the forecast period.

Regional Analysis of Four-wheel Drive Tractor Market

Based on region, the global four-wheel drive tractor market has been segregated into North America, Latin America, Europe, East Asia Pacific, South Asia Pacific, and Middle East & Africa. North America is projected to be highly lucrative market, globally, during the forecast period. This is primarily due to the presence of prominent tractor manufacturers in the U.S. and Canada. Tractor manufacturers in North America are projected to increase investment in electric propulsion and autonomous tractor technologies during the forecast period, which led the region to account for a major share of the global market.

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Major Players in Four-wheel Drive Tractor Market

A few of prominent players operating in the global four-wheel drive tractor market include AGCO Corporation, CLAAS KGaA GmbH, CNH Industrial N.V., Deere & Company, Escorts Limited, Hitachi, Ltd., Komatsu Corp., Mahindra & Mahindra Ltd., SAME DEUTZ-FAHR Italia S.p.A., and YANMAR CO., LTD.

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Driving Apparel Market to Witness a Pronounce Growth During 2027

The Europe driving apparel market is highly fragmented, as there is low entry barrier, as per the recent business intelligence publication by Transparency Market Research (TMR). As there is rise in number of motorsports riders is increasing rapidly across the globe. Leading automobile manufacturers, such as Alpinestars S.p.A., Dainese S.p.A., Fox Head, Inc., Scott Sports SA and ThorMX etc. also plays a very significant role in the success of the sport through dealer promotion, advertising, and also by offering financial and technological support to teams, drivers, and track operators.

The report identifies PUMA SE, Adidas AG, Alpinestars S.p.A, Scott Sports SA, Fox Head Inc., Dainese S.p.A., ThorMX, and as a few players which holds major market share in the Europe driving apparel market. Companies are undertaking mergers and acquisitions, and joint ventures with local players to expand their product portfolio. Producers in developing countries are focusing on reducing their cost of production and increase profitability for the sustainable growth of their business.

The market of driving apparel to be worth US$ 5.3 Bn by 2027

The market of driving apparel is projected to expand at a CAGR of 5.6% during the forecast period of 2019 to 2027. On the basis of value, the Europe market of driving apparel market is around 3.3 Bn in the year 2018 and projected to reach around US$ 5.3 Bn by the end of 2027. Major brands are likely to focus on innovation of new products and research & development activities to strengthen their foothold in the Europe driving apparel market.

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In terms of product type, the driving apparel market has been divided on the basis of clothing, footwear, and protection gear. Based on vehicle type, the driving apparel market on the basis two wheeler and four wheeler. On the basis of geography, Germany held the dominant share of the overall market in the year 2018. While the country is expected to remain the lead through the forecast period, the U.K., market will exhibit viable growth opportunities as well in the near future.

Strict rules & regulations imposed by the federal governments regarding safety is projected to create new opportunities for the market

Stringent safety rules & regulations imposed by the federal governments of various countries across the European region is projected to create significant opportunities for the manufacturers and distributors of driving apparel market in the forecast period.

Increasing number of driving enthusiasts is also considered as one the major factor for the growth of Europe driving apparel market. Professional riders also requires to follow strict safety measures while participating in any motor sporting events. Regulatory authorities across the world are enforcing stringent traffic safety regulations regarding the usage of helmets, jackets, and other protection clothing. Consequently, the demand for elbow caps, gloves, knee cap, and protective jackets etc. is also expanding rapidly. Thus, there has been a rise in acceptance of protection gear and other safety accessories to prevent fatal injuries. The impact of this driver on the driving apparel market is expected to be high during the forecast period. Additionally, manufacturers are continuously focused on integration of electronics in protection gear and development of helmets with head up displays, which is likely to increase the demand for these accessories even further in the future.

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The information presented in this review is based on a Transparency Market Research report, titled, “Driving Apparel Market (Product Type – Clothing, Footwear, and Protection Gear; Vehicle – Two Wheeler and Four Wheeler) –Europe Industry Analysis, Trend, Size, Share and Forecast, 2017 – 2027.”

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Wipes Market Analysis by 2020-2027

TMR analysts suggests that the global wipes market, which was valued at US$ 34.3 bn in 2018, will rise at a healthy CAGR of 4.1% from 2019 to 2027. If the numbers hold true, the market could rise to a valuation of US$ 49.3 bn by 2027.

Growing awareness about specialty wipes rather than traditional wipes & the hygiene overview is providing growing opportunity for wipes market. Cleanliness and sanitation in retail shops and in other facilities is one of the important factors in attracting new customers and retaining existing customers.

Consumers especially in food-joints remember the quality, hygiene and ambience of the place. Unpleasant experiences lead to loss of customer. Moreover the cleanliness and sanitation in schools, universities, hospitals, and public places is considered drive the wipes market.

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Increase in Demand of Non-Woven Wipes

Non-Woven wipes are expected to grow at a higher speed and are expected to drive the market. Demand for such wipes is increased for household applications as a result of rising consumer awareness towards the features of wipe products. The reduction in regulations by the governments across the globe on development of textile industry and along with penetration of local players in niche market is also driving the market growth. The non-woven wipes are currently in strong competition to the woven wipes as these wipes are preferred for its usability, and affordability.

Demand Of Disposable Wipes Will Drive the Global Market

Disposable product type accounted for the highest share in 2018. It has been observed that the usage of non-biodegradable materials for the manufacture of disposable wipes has come under the radar of environmentalists and countries with strict senvironment protection norms are increasingly demanding bio-based products.

To remain strong in such regional markets, companies are innovating their products with the use of recycled fibers, natural ingredients, and biodegradable materials. Of the key applications of wipes, the household sector accounted for the highest market share in 2018 due to increase in number of users of wipes and other cleaning products for household cleaning and sanitation purposes.

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This review is based on a report by TMR titled, “Wipes Market (Type - Disposable wipes and Non Disposable wipes; Material - Woven and Non-Woven; Other Cleaning Tools - Sourcing Pads, Scrubbers and Sponges, Brooms and Mops, Cleaning Brushes; Application - Household Sector, Industrial Sector (Manufacturing Sector Automotive Sector, Transportation, Food Industry, Education Sector, and Health Care)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027”

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Electronic Equipment Repair Service Market Analysis by 2020-2027

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

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

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

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

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

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

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

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Conveyor Oven Market Expected to Witness a Sustainable Growth over 2027

As per estimates of the TMR report, the global conveyor oven market will become worth US$ 135.4 Mn by the end of 2027 at a CAGR of 3.7% during the forecast period from 2019 to 2027. In 2018, the market size was valued US$ 97.6 Mn. Based on power source, electric conveyor oven held the leading more than 50% share in the overall market in 2018.  Among the key type segments, industrial/heavy ovens stood as the leading segment of the conveyor oven market in 2018. Geography-wise, in 2018, North America stood as the most lucrative market mainly because of increasing demand for fast and convenient food.

Over the past few years, the changing work practices of the food industry is also acting in favor of the growth of conveyor oven market. Food companies are seeking modern food preparation practices, wherein they are looking for quality and efficiency in a cost effective manner. In particular, stacked conveyor ovens are witnessing an increasing demand as they have the feature to cook a substantial amount of food at one time. This is also acting in favor of conveyors oven market.

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Manufactures of conveyor ovens are focusing on conserving energy. Various food service establishments such as pizzerias are facing strong competition over values and most of them are aiming at minimizing their operating costs. Consequently, several conveyor oven manufacturers are also focusing on providing technologies, which save money and conserve energy of the pizzerias. For instance, conveyor oven manufacturers such as Middleby Corporation, Lincoln, and OEM-ALI Spa are adopting energy-saving technologies. For instance, Middleby Corporation’s WOW model of conveyor ovens contains an automated ‘energy eye’ technology that decreases the consumption of energy when food is not inside the oven cavity.

Similarly, OEM-ALI Spa also provides a conveyor oven, which has standby controls allowing the equipment to economize the consumption of energy. These innovations in energy consumption benefit by saving about 30% of energy. Companies have an original System known as Energy Management system – EMS. Middleby Corporation ovens offer highly effective heat transfer to the product. Consumption of energy is carried out as air is recycled from radiator to product, where energy loss is reduced. However, when touched, the oven is cool. This kind of technology is expected to fuel the growth of the market

Rising demand for baked products in different countries

Several countries across the globe are witnessing a significant demand for baked products. Numerous pizzerias are witnessing an increasing demand to lowering their cooking time. Conveyor ovens require less time to cook large amounts of food; thus, helping restaurant owners to develop operational efficiency. Thereby improving the consumer experience. This, in turn, is prompting more pizzerias to invest in conveyor ovens.

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Global market is fragmented in nature with stiff competition with global and domestic competitors. Product development and introduction of novel products are the key growth strategies that key players in this market have adopted to help them emerge at the fore. Besides innovations, several companies in the market are striving to tap opportunities in regional and local markets to target the segment of small end users. The key vendors operating in the global conveyor oven market include Middleby Corporation, Lewco Inc., PICARD OVENS INC., Davron Technologies Inc., Star Manufacturing, Wisconsin Oven Corporation, Zanolli, Stoddart International Thermal Systems, Mahan Oven & Engineering Co. Inc., Infratrol LLC, Doyon, Moretti Forni, OEM-ALI Spa, Ovention, Italfornia USA, Lincoln, and XLT Inc.

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Rugs Market Analysis by 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. 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.

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Legacy rug manufacturers are collaborating with ethnically diverse communities to induce traditional art in accent pieces. Manufacturers in the rugs market are leveraging their visibility in the market landscape by participating in design showcases. For instance, Jaipur Rugs— an Indian company that specializes in ancestral craft has collaborated with Italy-based international design studio Matteo Cibic to present their vibrant collection of handcrafted rugs at the Mumbai’s AD Design Show. Thus, strategic collaborations are bolstering revenue in the rugs market, which is anticipated to reach a value of ~US$ 30 Bn by the end of 2027.

The rugs market is anticipated to progress at a modest CAGR of 5.5% during the forecast period. However, scarce availability of handmade antique rugs due to shrinking artisan communities poses as a barrier for market growth. Hence, companies are investing in technologies that manufacture machine-made rugs with antique designs to meet the needs of users. For instance, Safavieh— a high-tech corporation involved with rugs furniture design, has kept innovative designs at the forefront to offer timelessness and character in antique rugs across households in the U.S. This is evident since the rugs market in North America is anticipated to generate the highest revenue by the end of 2027.

Manufacturers in the rugs market are generating incremental opportunities by experimenting with different materials such as cashmere, mohair, silk, leather, etc. For instance, SHIIR Rugs— a provider of artisanal rugs designed by leading interior designers, is increasing efforts to travel countries in order to explore ancient-rug making techniques using wool, silk, and leather materials. Manufacturers are collaborating with true cottage industries to ethically and responsibly manufacture rugs with a shared motive for creative exploration. Time-honored techniques are improving the lead time by onboarding laborers from developing economies of Asia Pacific.

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Moreover, enhanced durability and clean-ability of rugs are becoming key focus points for manufacturers during their decision-making processes. Hence, manufacturers are extending personalized services in the rugs market to help users with the best material selection according to the foot traffic. On the other hand, customization is playing a pivotal role to meet specific budget parameters of end users.

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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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