Luxury Watches Market: Growth Opportunities to Tap into in 2020-2025

Luxury watches are considered to be exclusive items and wearing them signifies status symbol for men and women. Rising brand preferences among the population is resulting in the noteworthy growth of the global luxury watches market. Manufacturers of luxury watches are focused on different marketing strategies in order to gain a larger part of the market share.

Manufacturers understand the importance of using social media as a means to promote their products amongst the population. Upgrades, to visual merchandising in supermarkets and hypermarkets in order to grab customer attention is resulting in the high demand for luxury watches in recent years. Additionally, development of digital channels has become a new strategy among key players to lure more customer attention toward purchase of watches.

The global luxury watch market has been segmented on the basis of product type, gender type, and distribution channel. By product type, the global luxury watch market has been segmented into mechanical quartz and others. On the basis of gender type, the market has been segmented into women’s luxury watches and men’s luxury watches. Women’s luxury watches dominated the global luxury watch market owing to inclination of women toward fashion and luxury.

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Men’s luxury watches are expected to show the fastest growth during the forecast period due to the rising trend of fashion among men. On the basis of distribution channel, the market has been segmented into two types – online retail channel and offline retail channel. Online distribution channel of the global luxury watches market showed the fastest growth rate owing to the rising penetration of different apps and presence of different brand options. Convenience that consumers derive from online shopping has also resulted in the high growth rate of the global luxury watch market.

The global luxury watch market is mainly driven by the emerging fashion trends amongst the population. In addition, blend of traditional and modern style of watches has resulted in the rise in demand for luxury watches. Moreover, watches with smart technology are also propelling the growth rate of the market. However, high production cost is resulting to increase in inventory is restraining the global luxury watch market. Counterfeit products by different local players is also a major threat to the global luxury watch market.

Additionally, rising demand for premium quality luxury watches in developing regions such as Asia Pacific is projected to generate opportunity for the global luxury watch market during the forecast period.

In the region-wise study, the global luxury watches market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe which comprises Germany, France, Italy, the U.K., and Switzerland among the other countries dominated the global luxury watch market owing to the rising demand for premium quality products amongst the population.

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Switzerland compared to the other countries in Europe dominated the market and also enjoys a position of monopoly. For instance, Rolex is considered to be the most valuable watch brand of Switzerland. Additionally, Asia Pacific which comprises China, India Japan, and Australia is likely to show the fastest growth rate during the forecast period. China compared to the other countries in Asia Pacific grabbed a larger part of the market share owing to the presence of large number of manufacturers.

The luxury watch market comprises several key players who are highly competitive in nature. With the changing consumer tastes and preferences, manufacturers are focused on developing high end watches. Some of the major participants of this market include LVMH, Richemont, Swatch Group, Rolex, Burberry, Breitling, Festina, Fossil Group, Seiko Watch, Patek Philippe, and Chopard International among others.

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Handicraft Market | Size, Share, COVID – 19 Outbreak and Forecast to 2026

Handicrafts refer to hand made products such as handmade embroidery made using easy tools rather than machines. Handicrafts are creative representation of a specific ethnic or cultural tradition. Handicraft products comprise objects of decoration and utility. In the handicrafts market, small initial capital spending is required, for instance for labor, setup, transportation, and raw material.

The global handicraft market is an emerging market for household accessory products, especially in the high-end segment. The growth in domestic and international tourism is expected to boost the handicraft market in the coming years. Furthermore, the handicrafts business is also an essential source of huge exports and potential foreign exchange, which are key drivers that are likely to boost the global handicraft market in the near future. Currently, the furnishings and furniture segment in the handicrafts market is rising at a rapid pace globally, which in turn is expected to move from ethnic designs to contemporary styles that will boost the handicraft market in the near future. However, handicrafts is all manual work and replicating or producing large number of similar items would require significant effort and time and as such is not feasible for mass production.

The global handicraft market has been segmented based on product type, application, material, distribution channel, and region. Based on product type, the handicraft market is divided into woodcraft, pottery, jewelry making, paper craft, textile printing and dying, hand embroidery, Zari work, and others which include basket weaving, doll making, and knitting. According to application, the overall market is divided into residential and commercial.

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On the basis of material, the market is bifurcated into sheet metal, natural fiber, wrought iron, river stone, wood, beads, horn and bone, textiles, and ceramics. Based on distribution channel, the market is divided into online and offline. The offline segment can be further bifurcated into discount retailers, specialty stores, department stores, catalogue retailer, independent retailer, and internet retailer. The offline segment held a prominent share in terms of revenue of the handicraft market. The online segment is also bifurcated into direct sales and third-party sales.

In terms of region, the global handicraft market is segmented into 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 handicraft 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 handicraft market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America handicraft market is segmented into Brazil, Mexico, and Rest of South America. Asia Pacific is expected to dominate the market for handicraft products owing to increasing production and rising tourist.

Key players operating in the global handicraft market include Asian Handicrafts Pvt. Ltd., Fakih Group of Companies Pvt. Ltd., The Handicrafts & Handlooms Store, Minhou Minxing Weaving Co., Ltd., NGOC Dong Ha Nam Handicrafts Export CO., LTD, Oriental Handicrafts, Divya Exports, Global Model Art Design Company, Native Crafts and Arts, Nepal Craft Shop Pvt., Ltd., OSM Handicraft, RT Crafts Enterprise, S.Sundaravadivel and Company, Sana Hastakala, Laizhou Arts & Crafts Group Co., Ltd., Ten Thousand Villages, The Handicrafts Gallery, and Zhejiang Ocean Handicrafts Co., Ltd. The handicrafts market is extremely fragmented owing to the presence of various small and medium players around the globe. Handicrafts is an active industry, and its improvement is supported by factors such as technology, economic conditions, innovative use of raw materials, and skilled workforce.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Educational Toys Market Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities

Educational toys are informative toys used for the social, cognitive, physical, and emotional development of toddlers, infants, elementary, preschoolers, and middle school kids. It also stimulates the learning process in children. Educational toys include activity sets, construction sets, math and science kits, play dough, DIY craft kits, and theme based toys related to alphabets, animals, & numbers. Educational toys are expected to instruct and encourage knowledge development of children.

Trending factors such as innovative robotics toys for S.T.E.M (science, technology, engineering, and math) education, rising 3D shapes in toy designs, and surging green educational and eco-friendly toys are expected to drive the educational toys market globally in the coming years. Moreover, growing number of online buyers is a driving factor for the educational toys market during the forecast period all across the globe. However, the prices of raw material used for making educational toys are inconsistent, which is projected to hinder the educational toys market during the forecast period. Educational toy manufacturers are also progressively focused on using only environment friendly materials, as well as making major investments in R&D that are estimated to be an opportunity for the educational toys market in the future.

The global educational toys market can be divided on the basis of product type, age group, educator type, end user, distribution channel, toy type, and region. Based on product type, the educational toys market is segmented into academic, cognitive thinking, motor skills, and others. Motor skills is further bifurcated into fine motor skills and gross motor skills. Motor skills are expected to dominate the market during the forecast period. In terms of age group, the market is divided into 1 – 4 years, 4 – 8 years, and above 8 years. Based on educator type, the market is bifurcated into S.T.E.M. (science, technology, engineering, and math) activities, brain breaks, gifted & talented, classroom games, after school, and lesson plans.

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On the basis of toy type, the educational toys market is divided into indoor education toys and outdoor education toys. In terms of end user, the market is separated into residential and commercial. On the basis of distribution channel, the market is distributed into offline and online. The online channel is bifurcated into third-party sales and direct sales. The offline segment can be further bifurcated into discount retailers, specialty stores, department stores, sports stores, and stationary shops. The offline channel segment holds a prominent share and is projected to continue its dominance during the forecast period in terms of revenue.

In terms of region, the global educational toys market is segmented into 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 educational toys 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 educational toys market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America educational toys market is segmented into Brazil, Mexico, and Rest of South America.

Key players operating in the educational toys market globally include Mattel, Parent Co., Toys “R” Us, Engino.net Ltd., Learning Resources, LEGO Education, JAKKS Pacific, Inc., Melissa & Doug, MindWare, Inc., Ravensburger AG, Safari Ltd, Simba Dickie Group GmbH, VTech Electronics North America, LLC, BanBao, Bandai Namco Holdings Inc., GigoToys, GoldLok Toys, and Hasbro.

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Key players in the educational toys market are projected to observe growing demand for educational toys in the near future due to a gradual shift in customer preference from conventional toys like action figures and dolls, to drones, robot toys, and other electronic toys. The market is highly fragmented and competitive owing to many options of small and medium enterprises (SMEs) and international brands in the market. Manufacturers are focusing on latest and innovative toys which are moving toward digital and online platforms. As a result, the educational toys market is estimated to witness improvement globally. Educational toys is an active industry, and its improvement is supported by factors such as technology and innovative products.

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Toilet Paper Market Opportunities by Types, Demand, Top Manufacturers and Application in Grooming Regions

Toilet paper remains the key tissue category, driving the tissue market forward through a combination of necessity and the general westernization of toilet culture. As the developing world continues to take the lion’s share of sales, multinational manufacturers are witnessing increased completion from emerging regional players. Toilet paper is used mostly for one purpose but different types of toilet paper can satisfy different conditions.

Continuous research has led to the discovery of improved varieties of toilet paper. Ultra toilet paper is the latest innovation in the field. Ultra toilet paper is produced using a newer technology where air is blown into the fibers during the drying process. Such innovations are enhancing the growth of the toilet paper market. Strong demand for AFH (Away From Home) segment is driving the toilet paper market. Rise in disposable income, increase in travelling trend, and increased rate of eating out contributes to the rising demand. Toilet paper is much more dependent on the population increase mostly in mature markets which have high consumption per capita.

One of the major restraints to the toilet paper market is the instability of the pulp price and the inability to predict it. The price of the pulp depends on a range of factors such as seasonal demand, the influence of foreign producers, etc. Moreover, some of the world’s fastest growing consumer markets, notably India and Indonesia do not use toilet paper for hygiene reasons, but wider exposure to AFH toilet paper could develop into retail demand in the long term.

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The global toilet paper market can be segmented based on type, material, end-use, distribution channel, and region. In terms of type, the toilet paper market can be divided into one layer, two layer, ultra, and others (three layer, four layer etc.). One-layer toilet paper is safest to avoid clogging the plumbing. Two-layer toilet paper is softer and more absorbent toilet tissue than one-layer toilet paper. Ultra toilet paper is a new innovation and is thick, soft, and more absorbent. Based on material, the toilet paper market can be bifurcated into fresh leaves, recyclable paper, and others. Recycled toilet paper is made from post-consumer waste such as textbooks and office paper. Using recycled paper means fewer trees are cut down.

In terms of end-use, the toilet paper market can be classified into household and commercial. In terms of distribution channel, the toilet paper market can be bifurcated into online and offline channel. Offline channel can be further divided into hypermarkets and supermarkets, departmental stores, and others. The advance of supermarkets in emerging markets has led to increased distribution of bulk toilet paper. In terms of region, the toilet paper market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Dynamic economies like the United States, Canada, Brazil, and South Africa are expected to hold a considerable share in the market owing to high number of bathrooms per capita.

The global toilet paper market is growing at a rapid pace. A large number of domestic and regional vendors are offering specific products for different end-users due to growth in design innovation and rise in competition in the market. Key players operating in the global toilet paper market include Procter & Gamble, Essity, Georgia-Pacific, and Kimberley Clark Corporation. Other players include Angel Soft, Caprice Green Toilet Paper, Charmin Ultra Soft, Coronet, Green Forest Unscented Bathroom, Kirkland Signature, Kleenex, Lotus Toilet Tissue, Naturelle Toilet Tissue, Nouvelle Toilet Tissue, Quilted Northern Ultra Plush, Scott Extra Soft, Scott Rapid-Dissolving Bathroom, Seventh Generation, Soft ‘N Gentle, Tesco Value Toilet Paper, Traidcraft Toilet Tissue, Velvet Toilet Tissue, White Cloud, and Windsoft.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Organic Soap Market Report: Top Companies, Trends and Future Prospects Details for Business Development

Organic soap is a cleansing agent manufactured with organic ingredients or substances. It is produced through organic methods that are free from artificial chemicals and GMO (Genetically Modified Organism) as per regulation set by the organic certification bodies. Organic soaps are certified by various certification bodies across the globe such as the EU Organic Certification, United States Department of Agriculture (USDA), Australian Certified Organic, and Nature’s International Certification Services (NICS).

Organic soaps are chemical-free products, processed from organic oil and raw ingredients. Rise in preference for high-quality products, increase in awareness about organic soaps, and surge in prevalence of skin allergies and diseases across the globe are expected to fuel the sales of the product in the next few years.  Additionally, products with innovative formulation and enriched with unique ingredients are expected to remain attractive among end-users. This is likely to boost the demand for organic soaps in during the forecast period.

Major drivers of the global organic soap market include rise in awareness about chemical-free products, growth in consumer base who prefers organic products, increase in manufacturing of organic product start-ups, surge in disposable income of consumers, celebrities endorsing organic soaps over conventional soaps, and high penetration of products through major specialty retail sectors and online platforms. In addition to this, rapid urbanization in emerging economies and adoption of expensive premium organic soaps across the globe are expected to propel the market during the forecast period.

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However, low shelf-life as compared to conventional soaps, higher prices of products, lack of raw materials for processing, and differing standards and regional regulations as per organic certifying bodies are the major restraints of the market. Nonetheless, development of new and innovative products targeting new customers, enhancement of product shelf-life, and penetration of products in the market through e-commerce are expected to create significant opportunities for the organic soap market.

The global organic soap market can be segmented based on product, process type, skin type, organic level, category, distribution channel, and region. In terms of product, the market can be bifurcated into organic bar soaps and organic liquid soaps. Based on process type, the organic soap market can be classified into handmade and machine made. Based on organic level, the global organic soap market can be categorized into 70% organic, 95% organic, and 100% organic. Based on skin type, the market can be segmented into sensitive, dry, oily, normal, and combination skin. In terms of category, the organic soap market can be classified into premium price, popular price, and super premium price. In terms of distribution channel, the market can be classified into online and offline. The offline segment is sub-segmented into mega retail stores, independent stores, specialty stores, and others.

Based on region, the global organic soap market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Rise in adoption of organic skincare products among end-users has propelled the use of organic soap in North America. In Europe, increase in demand for organic soaps is expected to fuel the sale of the product in the next few years. Increase in disposable income and rise in preference for chemical-free skincare products are driving the organic soap market in Asia Pacific. Consumers are opting for organic soaps for better comfort. In Middle East & Africa, increase in endorsement of the use of organic soaps by celebrities and increase in purchasing power of people are expected to fuel the organic soap market. In South America, premiumization of organic soaps through prominent brands is expected to drive the market the region.

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Major players operating in the global organic soap market include EO Products, Neal’s Yard (Natural Remedies) Limited,  Lavanila Laboratories, Vi-Tae, Sundial Brands LLC, Truly’s Natural Products, Khadi Natural, The Honest Company, Inc.,  Nature’s Gate, Erbaviva, LLC , Laverana GmbH & Co. KG, Sensible Organics, Beach Organics, Pangea Organics, Inc., and Forest Essentials.

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Electric Motorcycle and Scooter Market Analysis, Emerging Trends, Opportunity Assessment and Forecast 2027

Electric motorcycles and scooters refers to two or three wheeled plug-in electric vehicles. The electricity that runs the vehicle is stored a rechargeable battery on the board. This rechargeable battery drives one or more electric motors. A surge in the government investment across the globe for the purpose of development of charging infrastructure and offering of incentives to buyer is boost the global electric motorcycle and scooter market. Such initiatives by the government will are likely to encourage original equipment manufacturers to expand their geographical presence.

Fushida, Gamma Technologies, Energica Motor Company S.p.A., Lima Electric Vehicle Co. Ltd., Shandong Incalu Electric Vehicle Co. Ltd., Mahindra & Mahindra Ltd., and Wuxi Yadea Export-Import Co., Ltd. are some of the companies profiled in the global electric motorcycle and scooter market.

Transparency Market Research (TMR) has prepared a study on the global electric motorcycle and scooter market, for the period 2019 to 2027. Expanding at a 7.1% CAGR, the global electric motorcycle and scooter market is estimated to surpass US$ 14.29 Bn through 2027.

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Driven by Large-Scale Manufacturing of Electric Vehicles, China to Lead the Market

In terms of region, the Asia Pacific is estimated to exert dominance over the global electric motorcycle and scooter market. Such regional supremacy of Asia Pacific is primarily due to the large-scale manufacturing, sale, and adoption of these products in China. The country alone has emerged as a leader in the global electric motorcycle and scooter market.

A rise in the emission together with government norms regulating the emissions in the environment is likely to encourage growth of the market in China. In addition to that, Chinese government is also offering subsidies, which has led to a rise in the adoption of these electric vehicles, thereby driving growth of the electric motorcycle and scooter market in the country.

Other major countries in Asia Pacific with growing adoption of two-wheeled electric motor vehicles are Taiwan, Japan, and India.

Low Noise and Rapid Improvement in the Performance to Stoke its Demand

Electric motorcycle and scooters are substantially quieter than existing scooters and motorcycles that run of traditional power systems. These vehicles are so very silent that pedestrians are often caught unaware of their presence on road. As such, the low-noise feature of the vehicle is likely to propel growth of the global electric motorcycle and scooter market. At present, most of the electric motorcycles and scooters are encouraged by operated by rechargeable lithium-ion batteries and sealed with lead acid batteries.

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Growing demand for alternative and clean fuels for various means of transport has emerged as growth factor for the global electric motorcycle and scooter market. These vehicles are quiet and lightweight when compared to vehicles running on traditional fuels.

In addition, the performance of such electric vehicles has witnessed rapid improvement since its inception. The performance is anticipated to improve further with the advancement of technology and its rapid adoption by the electric vehicle industry. Factors such as these are likely to shape the future of the global electric motorcycle and scooter market in the years to come.

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Automotive Wiring Harness Market Analysis, Sales Revenue, Business Growth and Forecast 2027

According to the report, the global automotive wiring harness market is projected to reach ~US$ 76 Bn by 2027, expanding at a CAGR of ~5% during the forecast period. Increasing GDP and technological advancements are major factors fueling the demand for automotive wiring harness market globally. The automotive wiring harness is undergoing an architectural revolution, owing to increase in incorporation of electronic components in vehicles, causing the weight of wiring in a car to reach nearly 150 pounds. Rising complexity of vehicles due to integration of advanced driver assistance features and automation is further boosting the use of wiring content per vehicle. This, in turn, is driving the automotive wiring harness market.

Expansion of Automotive Wiring Harness Market

Rapid expansion of the manufacturing industry, due to a surge in the demand from consumers, presence and expansion of vehicle manufacturers, increased adoption of advanced vehicle technologies due to increase in per capita income, and increase in vehicle electrification and inclination toward minimal human efforts are boosting the automotive wiring harness market.

Based on type, the dashboard/cabin harness segment leads in the automotive wiring harness market, owing to rising adoption of infotainment systems and displays on dashboards in vehicles. Heated seats and installment of systems including active health monitoring increases usage of wiring harness in seats of the vehicle, which in turn drives the seat harness segment of the market. Based on vehicle type, the passenger vehicle segment held a significant share of the global market for automotive wiring harness. Low maintenance and better fuel combustion are estimated to further boost the adoption of automotive wiring harness during the forecast period.

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Regional Analysis of Automotive Wiring Harness Market

In terms of region, the global automotive wiring harness market has been segregated into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Increase in GDP and Increase in disposable income in Asia Pacific is driving the automotive market.

This fuels the demand for automotive wiring harness, as modern vehicles require safety features and advanced electronic devices, which in turn propels the demand for wires and cables to be used in vehicles. India is a major market for light vehicles in Asia Pacific, followed by China. Furthermore, government norms and regulations implemented for vehicle safety are expected to boost the demand for automotive wiring harness, as safety regulations are projected to drive installation of safety devices in vehicles, which in turn requires considerable usage of body wiring harness.

In 2018, Europe held a significant share of the global automotive wiring harness market. Presence of automobile manufacturers such as Mercedes Benz, BMW, and Audi in Europe is driving the market in the region, as it creates an exponential demand for premium passenger vehicles. These premium passenger vehicles are fitted with modern electronic devices for safety and navigation, which in turn drive the market for automotive wiring harness.

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Prominent players operating in the global automotive wiring harness market include Delphi Automotive LLP, Furukawa Electric Co. Ltd, Sumitomo Electric Industries, Ltd., Lear Corporation, THB Group, SPARK MINDA, Samvardhana Motherson Group, Nexans Autoelectric, Yazaki Corporation, Yura Corporation, Leoni Ag, Fujikura Ltd., QINGDAO SANYUAN GROUP, and PKC Group.

The expansion by key players in emerging economies is likely to drive the global market for automotive wiring harness. For instance, Motherson Sumi Systems, the flagship company of Samvardhan Motherson Group, is expected to open three new production facilities in 2020. The two new plants are located in Pithampur, Madhya Pradesh, India. One of the plants at Pithampur manufactures wires, a process of backward integration, while the other manufactures wiring harness. The third plant is to be established in Chennai, India, for other auto parts.

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