Premium Cosmetics Market Analysis, Size, Share, Growth and Trends

 

• Premium cosmetics are a category of products used to change or improve the look of the face, or the texture or fragrance of the body. Premium cosmetics are usually combinations of chemical compounds that come from natural sources; they may also be artificial, synthetic, or halal.

Key Drivers of the Global Premium Cosmetics Market

• The global premium cosmetic market is driven by various factors such as increasing availability of customized products, their ease of use, lifestyle changes, and growing number of beauty shops which are estimated to increase the demand for premium cosmetics during the forecast period. Moreover, rising awareness about premium ingredients and their positive impact on the skin is moving consumer choice from mass or traditionally produced cosmetics to premium cosmetics.
• Rising use of personal care and beauty products by the younger generation for visual appeal, and individuals checking and purchasing products online while on the move due to smartphones and rising Internet penetration is projected to be an opportunity to boost the premium cosmetics market during the forecast period.

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Market in Asia Pacific to Expand Rapidly

• In terms of geography, the global premium cosmetics 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 premium cosmetics 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 premium cosmetics market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America premium cosmetics market is segmented into Brazil, and Rest of South America.
• Europe captured the largest market share due to awareness about personal care, presence of well-established players, and preference for online shopping.
• The premium cosmetics market in Asia Pacific is projected to expand rapidly during the forecast period. The growth is mainly driven by a rising women oriented workforce, emerging economies, and increasing disposable income of the middle-class population. Japan and China are seeing high demand for premium cosmetics within the region.

Key Players Operating in the Global Market

The premium cosmetics market is consolidated owing to the strong presence of established key players globally who are focusing on strengthening their distribution channels in organized retailing to increase sales revenue. Moreover, beauty bloggers and vloggers provide an effective channel to expand consumer reach. Manufacturers provide free samples to these bloggers who post product reviews on their social media channels. Furthermore, manufacturers are collaborating with farmers to source ingredients for the products directly from them. This increases the product’s attractiveness to the consumer.

In March 2020, Simon (a global leader in premier shopping, dining, entertainment, and mixed-use destinations) announced that The Cosmetics Company will join the store line-up at St. Louis Premium Outlets.

In July 2019, HUL’s Lakmé emphasized on innovations and new product launches to drive growth. The trend to launch premium beauty products is on the rise and the company seeks to expand its portfolio that traditionally served value-seeking shoppers.

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A few of the key players operating in the global premium cosmetics market are:

• Beiersdorf AG
• Clinique Laboratories, LLC.
• Coty Inc.
• Dior Beauty
• Elizabeth Arden Inc.
• L'Oréal SA
• LVMH
• Sephora USA, Inc.

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Hitter Based Hand Tools Market: Key Strategies to Use to Dominate Globally 2020-2030

 

• Hitter based hand tools are simple hitting and striking tools which are used for various applications such as gardening, household chores, and construction. Hitter based hand tools do not have a motor or involve use of electricity, and hence are easy to maintain and operate and are cheaper than motor based tools. Hitter based hand tools comprise hammers, shovels, axes, crowbars, etc.
• The increasing trend of home landscaping, coupled with a growing middle class population and high standard of living is expected to drive the global hitter based hand tools market during the forecast period.

Key Drivers and Opportunities of the Global Hitter Based Hand Tools Market

• It has been observed that many people are engaging in gardening and landscaping activities. Involvement in such activities helps to reduce stress and elevate the mood. A safe and pollution-free surrounding is created around the house through gardening. Increasing home based activities such as installation of fixtures, gardening, and decoration requires hitter based tools. Moreover, the increasing trend of do-it-yourself (DIY) is expected to drive the global hitter based market during the forecast period.

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• Demand for landscaping has increased in the commercial and residential sector. Consumers are willing to pay more for space with more gardening area. Gardening adds more value to the property and increases its resale value. These factors are expected to drive the hitter based tools market during the forecast period.
• Hitter based tools may face a threat due to increasing automation. Increase in automation has led to the introduction of a number of power tools. Power tools help in increasing productivity and efficiency; it also improves quality and saves time. Hence, the adoption of power tools may have a negative impact on the global hitter based hand tools market.
• The hitter based hand tools market is consolidated with the presence of many players. Key players are increasing their product portfolio and entering new geographies. Manufacturers are trying to improve the product by making it compact, lightweight, ascetically pleasing, and cost effective.
• The trend of gardening and landscaping can now be seen in developing regions which provide business opportunity for many manufacturers. Manufacturers are now increasing their presence on online distribution portals to increase their market share. All these factors are expected to drive the global hitter based hand tools market during the forecast period. ?

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North America to Hold Major Share of the Global Hitter Based Hand Tools Market

• Geographically, the global hitter based hand tools market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• North America is expected to dominate the global hitter based hand tools market, with the U.S. the leading country in the region due to increasing industrialization
• The market in Asia Pacific is projected to expand at a high CAGR during the forecast period. This is due to increasing gardening and landscaping activities, growing middle class population, and increasing standard of living.

Key Players Operating in the Global Market

Major players operating in the global hitter based hand tools market include:

• ABC Hammers Inc.
• Ampco Safety Tools
• Apex Tool Group LLC
• CS Unitec, Inc.
• Estwing Manufacturing Company Incorporated
• Q.E.P. Co., Inc.
• Sinotools Industrial
• Snap-on Incorporated
• Stanley Black & Decker, Inc.

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Sleepwear Market: Leading Segments and their Growth Drivers 2020-2030

 

• Sleepwear, also called nightdress or nightwear, are specially designed to give relaxed and comfortable sleep.
• Several types of sleepwear are easily available in the market and online too for men, women, and kids.

Key Drivers of the Global Sleepwear Market

• Rising number of bridal sleepwear buyers is one of the most common trends seen across the globe. The past two years has seen rising online demand for bridal sleepwear. Buyers include honeymooners, newlyweds, and even bachelorette gangs. Silk nightgowns and nighties are offered to brides directly, whereas customized bridal party sets, robes, and pajamas are included in the bachelorette market. Furthermore, manufacturers are enhancing their distribution channels to increase sales. As a result, the market is estimated to witness rising adoption of sleepwear during the forecast years.

Market in Asia Pacific to Expand Rapidly

• In terms of geography, the global sleepwear market can be divided into five regions North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).

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• North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the sleepwear 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 sleepwear market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America sleepwear market is segmented into Brazil, and Rest of South America.
• North America and Europe are the most attractive markets owing to strong distribution channels and preference for different types of sleepwear among the younger population.
• Asia Pacific is expected to show the fastest growth rate during the forecast period due to the rising number of bridal sleepwear buyers and strong product innovation among manufacturers. Moreover, easy availability of raw materials is expected to increase the production of sleepwear in the region.

Key Players Operating in the Global Market

Key players in the sleepwear market are estimated to witness growing demand for sleepwear throughout the forecast period due to companies introducing latest transitional sleepwear (one that doubles as loungewear and nightwear) products that are expected to inspire customers and encourage them to spend more on sleepwear products.

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Manufacturers are focusing on acquisitions, expansions, and collaborations with startup companies as their main strategy to gain significant market share. Additionally, the market is anticipated to witness an improvement in the trend of increasing manufacturing of new products with attractive packaging, and spending more on promotion of products

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

• Boohoo.com
• Calvin Klein
• Hanesbrands Inc.
• Jockey International Inc.
• LBrands, Inc.
• LVMH
• Marks & Spencer Group Plc.
• NASTY GAL LTD.
• PVH Corporation
• Under Armour, Inc.
• VF Corporation

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Running Shoes Market: High-growth Regions to Expand Geographic Footprint 2020-2030

 

• Running shoes are footwear which protect and offer comfort to the feet. Shoe designs have varied greatly through the years, and they vary from culture to culture. The importance of shoes for a particular activity has expanded the market, as specific shoes are required for particular activity. The specification of shoes not only depends on the activity but also on other factors such as age, gender, weight, and any previous injury to the back or ankle or any other part of the leg.
• Demand for running shoes has seen an upward trend since the last few years due to increasing popularity of outdoor activities. This factor, coupled with increasing disposable income and inclination toward physical fitness is expected to drive the global running shoes market during the forecast period.

Key Drivers and Opportunities of the Global Running Shoes Market

• Technology growth has led to development of advanced running shoes, offering more comfort and protection. Traditionally, shoes were made from leather, canvas etc., but these days, shoes are made from rubber, plastic, and petrochemical derived materials. Human foot is vulnerable to environmental hazards such as temperature extremes and sharp rocks. Increasing outdoor activities along with safety concerns is expected to drive the global running shoes market during the forecast period.

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• Increasing realization among consumers that sports and fitness activities can reduce the risk of chronic disorders and ensure good health is set to drive product demand. Consumers have realized the importance of appropriate gear to avoid leg injuries, knee injuries, and muscle pain, which is expected to drive the demand for running shoes during the forecast period.
• Manufacturers of running shoes are focusing on developing more stable and comfortable products. Some manufacturers are also providing customization services to attract more consumers. Sales growth through innovative product launches, online channels, promotional strategies, and appealing marketing by companies is projected to expand the running shoes market during the forecast period.
• Rise in raw material prices coupled with environmental concerns about synthetic rubber have emerged as major challenges for the running shoes market. The current outbreak of Covid-19 has resulted in decline of sales of running shoes in 2020. However, the market is expected to grow during the forecast period.

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North America to Hold Major Share of the Global Running Shoes Market

• Geographically, the global running shoes market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• North America is expected to dominate the global running shoes market due to increasing outdoor activities. North America is likely to be followed by Europe, Asia Pacific, South America, and Middle East & Africa.
• The market in Asia Pacific is likely to grow at a rapid rate during the forecast period due to increasing disposable income and changing lifestyles.    

Key Players Operating in the Global Market

Major players operating in the global running shoes market include:

• ASICS
• Nike, Inc.
• Adidas AG
• New Balance Athletics, Inc.
• Saucony
• Under Armour, Inc.
• Reebok International Limited
• Salomon Group
• Brooks Sports, Inc.
• Mizuno Corporation
• Puma SE

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Mortuary Refrigerator Market: Factors Helping to Maintain Strong Position Globally 2020-2030

 

• Mortuary refrigerators operate as low temperature refrigerated cabinets and are used to keep dead bodies for a long- or short-time frame.
• Mostly, mortuary refrigerators are connected with a digital PID controller to maintain temperature between 2°C - 5°C. It also has displays for PV (process value) and SV (set value).

Key Drivers of the Global Mortuary Refrigerator Market

• Major factors driving the global mortuary refrigerator market are technical advancement in product designing and penetration of nanotechnology in the refrigeration industry.
• Furthermore, rising number of mortuary refrigeration centers in metro cities are creating demand for mortuary refrigerators. Many NGOs are promoting the availability of the product in different countries.

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• The trend of organ donation has created huge opportunity in the mortuary refrigerator market. Several organizations are expanding their mortuary refrigeration centers to keep organs alive for a particular timeline. Rising number of medical institutes coupled with increasing number of forensic laboratories at the global level is expected to boost the growth of the mortuary refrigerator market during the forecast period 2020 to 2030.

Rising Number of Hospitals to Create New Market Opportunities

• Government and private sector investment in healthcare industry is propelling the number of hospitals and nursing homes at the global level. This factor is expected to boost the growth of the mortuary refrigerator market over the forecast period 2020 to 2030.

Government Restrictions on Body Storage in Many Countries to Restrict Market Growth

• Governments of many countries are creating regulations on the timeline to dispose a dead body. This factor is decreasing the sales volume of new mortuary refrigerators.

North America the Dominant Market for Mortuary Refrigerators

• North America and Europe accounted for significant share of the mortuary refrigerator market, with major players operating their global market from these regions. Major consumers of mortuary refrigerators are from the U.S., Germany, U.K. and France.
• Asia Pacific was the fastest growing mortuary refrigerator market in 2018. Increasing number of hospitals and medical institutes in developing economies such as China, India, Bangladesh, and Sri Lanka is expected to boost the market growth.

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The global mortuary refrigerator market is slightly fragmented in nature. Companies are working on product innovation and development. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Small scale players are trying to increase their sales by improving their domestic market share. Some of the key players operating in the global mortuary refrigerator market are listed below:

• Paragon care Ltd.
• LEEC
• Hygeco
• Mortech Manufacturing
• Bally Refrigerated Boxes
• Barber Medical
• CEABIS
• EIHF Isofroid
• EVERmed
• Fiocchetti

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Military Radar Market: Consumption, Sales, Production, and Other Forecasts 2020-2027

The global military radar market is expanding at a significant pace, due to increasing military activities across the globe, according to Transparency Market Research. Some of the prominent players operating in the global military radar market are Northrop Grumman, Saab, Raytheon, Israel Aerospace Industries, Leonardo, Terma, and BAE Systems.

These players are adopting several strategies such as technological innovations, new product launches, collaboration and mergers, and acquisitions to gain higher market share. Apart from this, favorable government schemes regarding research and development of military radars is another factor driving the global military radar market. In March 2019, the U.K. Government organized an event with an aim to form a collaboration of several players to develop next-generation air power systems. Similar activities have been noted in several other countries as well. This is expected to drive the global military radar market during the forecast period.

According to TMR, the global military radar market is expected to reach value of ~US$ 10 Bn by the end of 2027. The market is projected to expand at a steady CAGR of ~3% from 2019 to 2027.

Geographically, North America is expected to dominate the global military radar market throughout the forecast period. This is primarily due to the increasing investment in military radar systems by the U.S. to retain its technological superiority. Among types, the airborne military radars segment is expected to lead the global market during the forecast period, owing to increasing risks of air strikes and airborne terrorist infiltrations across the world.

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High Rate of Research and Development Activities to Drive Global Market

A radar system is a powerful technology emerging at a rapid pace. A prominent feature that has prompted countries to invest in the radar mechanism is its high potential to retaliate undesirable entry in a county’s territory. Owing to this, countries are spending significantly on the radar mechanism to tighten up border security. On account of this, the global military radar market is expected to expand in the next few years, as countries are increasingly becoming alert on security issues.

Apart from this, several programs to improve the capability of air radar systems are going on. Some of them are Air & Missile Defense Radar (AMDR) program, the Acoustic Rapid COTS Insertion (A-RCI) program, the Space Fence program, and procurement of AN/TPS-59, AN/TPS-63, and AN/TPS-80 radar systems. These programs are anticipated to fuel the global military radar market during the forecast period.

Airborne Military Radars Continue to Witness High Demand

Based on type, the global military radar market has been segmented into ground-based, naval, airborne, and space-based. Out of these, the airborne segment led the global market in 2018. The demand for airborne military radars is expected to continue to rise during the forecast period, owing to increasing risks of air strikes and airborne terrorist infiltrations worldwide. Airborne military radars are likely to continue to witness a high rate of research and development activities in the near future. 

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Leading players operating in the global military radar market include Lockheed Martin Corporation, Raytheon Company, The Boeing Company, Northrop Grumman Corporation, BAE System PLC, Saab Sensis Corporation, Harris Corporation, ASELSAN A.S., Terma A/S, and DRS Technologies Inc. These companies are taking steps to strengthen their radar business segments. For instance, in 2018, Saab AB, an aerospace and Defense Company, combined its business unit i.e. surface radar solutions and airborne surveillance systems.

The information presented in this review is based on a report by Transparency Market Research titled, ‘Military Radar Market (Type: Ground Based, Naval, Airborne, and Space Based) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2027.’

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Satellite Communication Subsystem Market: Verified Value and Volume Forecasts up to 2030

The satellite communication subsystem market is predicted to garner handsome growth over the forecast period between 2020 and 2030 mainly because of increasing satellite applications in defense, commercial, and government applications.

In this era of vast network for global communication, satellite communication and its associated systems play a big role for such advancement. Broadly, satellite communication systems plays a big role of critical transmissions to reach their intended targets instantly and efficiently. Satellite communication along with advanced earth stations and new connectivity services enable communication at large distances out in the space.

Whilst satellite communication comprises several subsystems, the most important of them are power supply system, telemetry, tracking, and command system, and attitude and orbit control system.

Key application segments of the satellite communication subsystem market are commercial, defense and military, and government.

Satellite Communication Subsystem Market: Competitive Landscape

The satellite communication subsystem market is largely consolidated with a handful of large players. Product advancement and integration of avant-garde technologies is the focus of these large players in the satellite communication subsystem market.

Keen players are striving for mergers & acquisitions and collaborations for business expansion plans and to consolidate their position in the satellite communication subsystem market.

Prominent companies operating in the satellite communication subsystem market are MDA, Antwerp Technologies, Globecomm Systems, Hughes Communications, Ananth Technologies, and Inmarsat.

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Satellite Communication Subsystem Market: Key Trends

The growth of satellite communication subsystem market stems from growing need of satellite communication subsystems to improve data communications, and extensive applications of satellite communications in various industries such as aviation, defense and military, agriculture, and security and surveillance.

Furthermore, the growing need for transfer of large amount of data from one place to another is escalating the demand for satellite communication, thereby increasing the demand for satellite communication subsystems.

Also, satellite communication subsystems find use for reliable data communication across remote marine regions, thereby fuelling the satellite communication subsystem market.

Moreover, the surge in demand of subsystems for navigation, remote sensing, earth observation, and communication is fueling the satellite communication subsystem market.

In terms of function, satellite communication subsystem uses transmitters, responders, and receivers, and transponders to relay and receive communication signals and to carry out various operations such as altitude of satellite, orbit controlling, and monitoring and controlling of other subsystems. Thus, for communication at hundreds and thousands kilometers, somewhere at 35,800 km out in the space, a number of satellite communication subsystems are used to receive information about phenomenon going on with satellites in outer space.  

However, on the downside, high initial cost involved in the purchase and launch of geostationary communication satellite and its associated systems is hampering the satellite communication subsystem market. Challenges to cope with rapidly changing technology may limit adoption of satellite communication subsystem.

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Satellite Communication Subsystem Market: Regional Assessment

Powered by the U.S., North America holds sizeable share in the overall satellite communication subsystem market. Rapid adoption of satellite communication technologies and expansive use of communication satellites for transmission of television, radio, telephone, and Internet signals make North America the frontrunner in the satellite communication subsystem market.

Europe is another key region in the satellite communication subsystem market.

Asia Pacific is anticipated to emerge as a key region in the satellite communication subsystem market over the forecast period. Factors such as advancement in communication technology, and growing adoption of satellite communication for economic pursuits in developing countries is spurring growth of satellite communication subsystem in the region.

Latin America and the Middle East & Africa display growth openings in the satellite communication subsystem market owing to expanding use of satellite communication technologies for military and agricultural operations.

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