Steam Generator Irons Market | Size, Share, COVID – 19 Outbreak and Forecast to 2030

 

• A steam generator is a type of low water-content boiler, just like a flash steam boiler. It has a unit containing a water reservoir, pump, and boiler that connects to a lightweight iron through a length of rubber hosing. This mechanism allows steam generators to create more volumes of constant high-pressure steam and in most cases, tremendously powerful steam boosts for heavy creases and tricky fabrics.
• A steam generator iron is a form of iron that has a water tank in it which generates steam because of water boiling technology. Users only need to press the steam button and the iron lets out high-level of steam to iron the cloth effectively.
• Moreover, users can eliminate the use of a water spray bottle by using steam generator irons. These irons are thus easier and faster to use for ironing clothes. Steam generator irons inject steam via the fabric throughout the ironing process. This makes it more adaptable and enables the easy removal of creases and wrinkles from clothes.

Key Drivers of the Global Steam Generator Irons Market

• Rise in disposable income is anticipated to boost the demand for advanced domestic electrical appliances, which includes steam generator iron.
• Electric iron has become a necessary appliance in every household as electricity reaches all areas and villages even in emerging countries across the globe.

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Counterfeit Options to Hamper the Market

• Rise in counterfeit products, increasing concerns about risk of fire, serious electric shock or even electrocution are projected to hinder the steam generator iron market across the globe during the forecast period.

Market in Asia Pacific to Expand Rapidly

• In terms of geography, the global steam generator irons 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 steam generator irons 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 steam generator irons market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America steam generator irons market is segmented into Brazil, and Rest of South America.
• Currently, Europe is the dominant region globally in the steam generator irons market as electric technology is very mature in the region. However, Asia Pacific is expected to witness noticeable growth in the steam generator irons market throughout the forecast period. Growth in population and rise in per capita income are majorly boosting the usage of electronic appliances in the APAC region. The market is primarily driven by rising investments in new electricity infrastructure which provides electricity access to remote areas. A rise in GDP in India and China are also expected to boost the demand for steam generator irons during the forecast years.

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Key Players Operating in the Global Market

Key players operating in the domestic electric appliances market are estimated to witness rising demand for steam generator irons during the forecast period, owing to the launch of latest steam generator irons that are expected to prompt customers to spend more. Manufacturers are focused on the main strategies of acquisitions, expansions, and collaborations with startup companies to gain significant share of the market. Additionally, manufacturers emphasize on driving consumer engagement by investing in products, advanced technology, marketing, and in-store and online experiences.

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Freight Forwarding Market Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities

 

• Freight forwarding is a business that organizes shipments for individuals or corporations to get goods from the manufacturer to a customer or a final point of distribution. Freight forwarders specialize in lowering costs and facilitating the logistics of transportation. In other words, a freight forwarder is responsible for transportation of goods from one destination to another. Such companies specialize in arranging the entire process for the shippers.

Key Drivers of the Global Freight Forwarding Market

• Growth in international trade volumes is one of the major growth drivers of the freight forwarding market. Increasing number of trade agreements, especially among emerging economies is a key factor driving the growth of international trade. Additionally, a booming e-commerce market has helped in augmenting trade activities, thereby resulting in increasing growth of the freight forwarding market.
• Furthermore, integrated services offered by freight forwarders is another key factor responsible for the growth of the freight forwarding market. Apart from transportation of cargo, freight forwarders also provide other integrated services such as packaging, insurance, and documentation. Thus, availability of a wide range of services have also resulted in propelling the growth of the freight forwarding market.

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Technological advancement in freight forwarding anticipated to create lucrative opportunities for the market

• Of late, technological advancement in freight forwarding services have created immense efficiencies worldwide. One such technology is Internet of Things (IoT) that has reshaped the freight shipping industry. IoT enables the freight industry to effectively track shipments as well as condition of the shipments. Apart from IoT, advanced machine learning, and cloud based solutions etc. are some of the other key technologies that are being introduced to enhance freight shipping efficiency.

Asia Pacific Offers Growth Avenues for the Global Freight Forwarding Market

• Geographically, the global freight forwarding market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
• Countries in North America and Europe are home to some of the key global freight forwarding service providers. DHL, Kuehne + Nagel Inc. etc. are some of the key global players in North America and Europe.

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• Asia Pacific region on the other hand is anticipated to create lucrative opportunities in the next couple of years. Increasing industrialization, rising emerging economies, and adoption of online e-commerce portals are anticipated to be some of the prime reasons for the growth of the freight forwarding service market.
• Other regions such as South America and Middle East & Africa have strong potential growth for the Freight Forwarding market.

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Extruded Snacks Food Making Machine Market Opportunities by Types, Demand, Top Manufacturers and Application in Grooming Regions

 

• An extruded snacks food making machine is a basic equipment used for processing snack products through extrusion technology.
• Extrusion is the key to the whole process, which directly affects the texture and taste of the product. Many variables impact extrusion.
• Advancements in processing technology have assisted prominent companies operating in the global extruded snacks food making machine market to introduce innovative solutions with high production capacity.
• Stringent laws and regulations implemented by regulatory bodies to maintain overall quality of snacks has also influenced processors to opt for advanced machinery. This is expected to propel the growth of the extruded snacks food making machine market in the coming years.
• Increasing consumption of snacks has encouraged processors to invest in extruded machines. This is likely to drive growth of the extruded snacks food making machine market globally during the forecast period.

Rising Dependency on Extruded Snacks Food Making Machines

• Increasing awareness among consumers regarding hygiene, packaging, shelf life, and nutritional value of food along with rising demand for extruded snacks is anticipated to trigger the growth of the extruded snacks food making machine market. In addition, rising government initiatives for promotion of modern food supply practices is likely to drive the market.

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• Rising dependency of processors on smart solutions to minimize the cost of operation and labor is fuelling the demand for extruded snacks food making machines across the globe. Increasing investments to develop efficient manufacturing units is predicted to encourage growth of the extruded snacks food making machine market over the forecast period.

Rapid Growth in the Snacks Sector

• Worldwide growth in the production and consumption of snacks has enhanced the demand for extruded snacks food making machines. Rising dependency of consumers on processed food due to busy lifestyle has encouraged snack processors to expand their production capacity and opt for advanced machinery.

Asia Pacific a Potential Market for Extruded Snacks Food Making Machine

• The global extruded snacks food making machine 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 extruded snacks food making machine market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, the market in Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the extruded snacks food making machine market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The extruded snacks food making machine market in South America is segmented into Brazil and Rest of South America.
• Asia Pacific is expected to remain a potential market for extruded snacks food making machines owing to rapid growth in demand for consumption of snacks across the region.

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Key Players Operating in the Extruded Snacks Food Making Machine Market

The global extruded snacks food making machine market is moderately fragmented in nature due to presence of global and regional players. Major players across the globe are focused on offering high capacity machinery with smart technology to meet the requirements of end-users.

A few of the key players operating in the global extruded snacks food making machine market are:

• American Extrusion International
• The Bühler Holding AG
• The Bonnot Company
• Baker Perkins Ltd
• Akron Tool & Die Co., Inc.
• Coperion GmbH
• Flexicon Corporation

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Coaxial Cable Market Report: Top Companies, Trends and Future Prospects Details for Business Development

Used to transfer frequencies over radio and data, coaxial cables are set to witness increasing demand between 2019 and 2027. These are designed in a way so as to shield signals from interference – external electromagnetic. And, these are majorly used by cable TV industry. Other industries that use these include aerospace, military, and telephone service providers.

And, this wide range of use across diverse industry verticals will help the global coaxial cable market grow at a promising rate, compounded annually, pushing new growth opportunities in the way of the market players.

Some of the other significant factors that are contributing to the growth of popularity of these products are steady development in Telecom and IT, and low installation cost associated with these cables.

However, it is worth noting here that the future of coaxial cables depends upon their functionality, and thus, technological advancement in the area.

Global Coaxial Cable Market: Notable Developments

The global coaxial cable market is experiencing a plethora of new developments which are influencing the way market would operate over the forecast period and thereafter. Some of these are also working out the competitive landscape.

The global coaxial cables market has a fairly decent number of players, making it a fragmented vendor landscape and players identified as prominent include General Cable Corporation, TE Connectivity Ltd., Belden, Inc., Southwire Company LLC, Prysmian Group, Nexans SA, Amphenol Corporation, LS Cable & System, L-Com Global Connectivity, Coleman Cable, Inc. and Alpha Wire, among others. Major focus for these players is to sturdy-up the networks related to sales. The reason behind this is to ensure that a wide consumer pool can be tapped into. Other major strategies that global coaxial cable market players often put to use are mergers and acquisitions, partnerships and collaborations, and focusing on technology advancement.

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Global Coaxial Cable Market: Key Trends and Drivers

Factors driving growth in the global coaxial cables market are many and varied. Few prominent ones are outlined below:

• As the world gets more connected, need for secure data transfer emerges, leading to demand for coaxial cables. And, it is not just limited to personal use. Organizations are also involved in massive exchange of data, necessitating use of coaxial cable, owing to their perception of being reliable, and safe. And, this transmission is set to underline the growth of global coaxial cable market.
• It is worth noting here that as IT advances, along with Telecom, growth in the global coaxial cable market will be solid. And, it is no news that the infrastructure related to communications is witnessing a sound foundation laid, with rising investments marking the same. Additionally, need arising from broadband, as well as broadcasting industry is also fueling the growth of the market upward.

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Global Coaxial Cable Market: Geographical Analysis

North America will demonstrate a promising growth curve over the forecast period, owing to massive demand for internet that is high speed, and allows for faster downloads even of the very large files. And, since coaxial facilitate the fulfillment of this demand, they would see an upward curve in revenue over the forecast period.

However, it is worth noting the role played by Asia Pacific (APAC) region in the period. It will be grow at a rapid pace over the forecast period, owing to a number of factors, including huge demand arising from certain nations such as India, China, and Japan.

It is worth noting here that dominance of coaxial cables in the region over fiber optics is also a major reason behind the robust CAGR that the region is all set to chart.

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Peppermint Tea Market: Top Trends to Look for in 2020-2030

Transparency Market Research delivers key insights on the global peppermint tea market. In terms of revenue, the global peppermint tea market is estimated to expand at a CAGR of ~ 8% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global peppermint tea market.

The global peppermint tea market is broadly affected by several factors, including shift in consumer preferences in terms of flavored tea. Thus, rising consumption of peppermint tea in different segments is propelling the global market for peppermint tea.

Peppermint Tea Market: Dynamics

Consumer shift toward flavored tea from traditional tea is influencing consumers to opt for peppermint tea, especially the millennial, as they consider it to be a healthy choice. Currently, peppermint tea is gaining popularity among users, owing to its multiple health benefits and enhanced taste. In addition, ease of availability in the form of dried leaves, loose leaf, or in paper bags is likely to encourage its demand from users.

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The increasing popularity of blended peppermint tea, owing to its ability of infusion from fruits, spices, and herbs is likely to appeal to users and enhance the sale of tea products. In India, China, Japan, and Sri Lanka, the presence of a strong consumer base for traditional tea is projected to promote the growth of the peppermint tea market. These factors are also driving the expansion of the global tea market in recent years.

The unblended tea segment of the global peppermint tea market is likely to remain popular due to its rising popularity among consumers. In addition, these types of tea are considered to be natural tea wherein majority of the raw material is peppermint and green tea. However, the development of new blends by suppliers having better combinations with mint is estimated to appeal to users. These types of tea are enriched with different ingredients such as spices, herbs, and fruits for a unique taste and fragrance.

Peppermint Tea Market: Prominent Regions

The global peppermint tea market is likely to remain popular in the U.S and China, due to the presence of a strong consumer base for herbal tea and preference for mint based products. In North Africa, peppermint tea is also referred to as Moroccan mint tea.  This seems to be a popular choice among users from the past few centuries, as it found to be a native tea of North Africa. The majority of consumers prefer this type of tea rather than other herbal teas in the region. Nonetheless, rising popularity of herbal and flavored tea, especially, peppermint tea among users is projected to boost the growth of the market all over the globe.

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Peppermint Tea Market: Key Players

Key players operating in the global peppermint tea market are Associated British Foods plc, Tata Consumer Products, Unilever N.V., The Hain Celestial Group, Orientis Gourmet SAS, R.C. Bigelow Inc., Dilmah Ceylon Tea Co. Plc, Yamamotoyama Co. Ltd., Harney & Sons Tea Company, and The Republic of Tea.

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EV Platform Market: Deep Company Profiling of Leading Players 2020-2030

According to the report, the global EV platform market is projected to surpass US$ 97.3 Bn by 2030, expanding at a CAGR of 3.5% during the forecast period. EVs offer significant advantages over conventional ICEs, and their penetration is significantly high in Europe. Countries, including China, Mexico, Brazil, and those in the EU are enacting more stringent CO2 emission targets, which is estimated to boost the sales of EVs and EV platform during the forecast period.

Regulatory norms by several organizing bodies on internal combustion engines (ICEs), along with technological enhancements in electric batteries and powertrains are driving the demand for electric vehicles (EVs) and EV platform. Most vehicle manufacturers are introducing new models in collaboration with new entrants in the vehicle industry for ICE as well as EVs to develop new EV design and EV platform. Global sales of battery EVs (excluding hybrids) have been increasing by ~40% since 2012. The increase in sales of EVs is boosting the market for EV platform, as the market for EV platform directly depends on the demand for electric vehicles.

OEMs are trying to improve vehicle platform design by investing more in R&D by investing in native or purpose-built EV platforms, while other OEMs opt to produce EVs based on modified ICE-vehicle platforms. Customized EV platforms possess lower material cost, and they offer better performance for varied range, interior space, and acceleration. However, this customized platform comes at an additional cost leading to higher cost allocation, particularly for low volume vehicle production.

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Expansion of EV Platform Market

Governments across all regions are emphasizing on improvement of air quality index in their regions, thereby encouraging society to opt for electric vehicles or any other zero-emission vehicles by providing numerous incentives and benefits for consumers. Providing economic incentives, particularly to bridge the cost gap between EVs and less expensive internal combustion engine (ICE) vehicles, is projected to boost the demand for EVs and subsequently, propel the EV platform market during the forecast period. Based on sales channel, the global EV platform market has been segmented into OEM and aftermarket.

Companies that manufacture vehicle are considered under the OEM segment, while key players in the EV platform ecosystem, including component manufacturers are part of the aftermarket segment. Small-scale EV manufacturers depend on R&D from service/solution providers. Most component manufacturers in the supply chain of the electric vehicle market invest more on their R&D.

Moreover, investment from key OEMs in component manufacturers is responsible for a significant share held by the aftermarket segment of the EV platform market. For instance, Ford invested US$ 500 Mn in Rivian to build battery electric vehicle using Rivian’s skateboard platform. In addition, companies have agreed to work together to develop an all-new, next-generation battery electric vehicle for Ford’s growing EV portfolio using Rivian’s skateboard EV platform.

In terms of vehicle type, the utility vehicles segment dominated the market in 2019. Presently, the demand for SUVs across the global is rising at a rapid pace, as consumer trend is shifting from sedans to SUV models. Moreover, OEMs, including Ford, announced their plans to phase out most of their sedan models and replace them with utility vehicles in North America.

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Numerous models of EVs are projected to be introduced in the market during the forecast period. Moreover, most EVs to be introduced fall under the utility vehicle segment, as demand for SUVs and crossover vehicles is high in developing nations for larger family size, which is expected to boost the utility vehicle segment during the forecast period.

Regional Analysis of EV Platform Market

In terms of region, the global EV platform market has been segregated into North America, Europe, East Asia, South APAC, Latin America, and Middle East & Africa. East Asia accounts for a significant share of the global market due to the presence of China, Japan, and South Korea. These countries have taken initiatives to introduce more zero-emission vehicles to enhance environmental conditions. The market for electric vehicles in China has been expanding by 50% for the past few years, which further solidifies China’s significant position in electric vehicle sales. The country presently has a larger EV market of majorly battery electric vehicles than combined Europe and the U. S. Domestic OEMs currently dominate the EV market in China and account for around 94% share in terms of sales.

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Aluminum Foil Packaging Market: Growth Opportunities to Tap into in 2020-2025

Transparency Market Research delivers key insights for the aluminum foil packaging market in its published report, which include global industry analysis, size, share, growth, trends, and forecast for 2020-2025. In terms of revenue, the global aluminum foil packaging market is projected to expand 1.3x its current market value by the end of 2025, owing to increasing demand from food service sub-segments such as ready-to-eat meals and bakery & confectionery across several countries about which, TMR offers detailed insights and forecasts in the aluminum foil packaging market report.

Aluminum foil packaging is preferred in various end-use industries, including food & beverages, pharmaceuticals, personal care & cosmetics, and numerous other industries. Aluminum foil packaging can offer complete protection from oxygen, light, moisture, and bacteria making it apt for food and medicine packaging. The TMR team segmented the analysis of aluminum foil packaging market based on various factors such as thickness, foil type, application, and end use across five regions. As per TMR analysis, unprinted type of aluminum foil packaging is expected to hold the largest market share during the forecast period, owing to its multiple usage in bakery & confectionary, blister packages, online food delivery items, and others due to its non-toxic nature.

Aluminum Foil Packaging Highly Preferred in Food and Beverages

Bags & pouches, wraps & rolls, and laminated trays application segments of the aluminum foil packaging market are gaining more traction in food service and online food delivery businesses from the past several years. Aluminum foil packaging is mostly considered as the ultimate core packaging material for dairy products, chocolates, pastries, beverages, fruit juices, etc. Besides this, aluminum foil packaging have less impact on the environment, as it contains an average 73 percent recycled content, more than three times the amount of glass or plastic products.

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These factors make aluminum foil packaging a preferred format by consumers who keep sustainability in mind, while making purchase decisions. According to the Product Complexity Index (PCI), aluminum foil packaging is the 275th most traded product in the world. Consumer inclination toward aluminum foil packaging, combined with increasing fast food consumption worldwide, will also help boost the growth of the global demand for aluminum foil packaging.

Asia Pacific Emerging as Major Aluminum Foil Packaging Market

Due to the expansion of key industries such as food & beverages, pharmaceuticals, personal care & cosmetics, etc., sky-high demand for aluminum foil packaging is expected during the forecast period. India and China, which enjoy leading positions as two of the largest consumers of aluminum foil packaging in Asia Pacific, offer plenty of opportunities to vendors from across the world to invest in this lucrative market. This can either be done by collaborating with successful local players to expand into the region, or through mergers & acquisitions. Latest advancements in the global aluminum foil packaging market has slowly shifted the production base to the East, particularly in Asia.

Health Difficulties Related with Aluminum Foil Packaging May Hinder Market Growth

Nearly every fifth person in the world wraps food using aluminum foil packaging, and many use it for cooking too, mostly during roasting and baking. Despite the suitability of aluminum foil packaging and other desired features, it is reflected unsafe, as aluminum can react by leaching out to food in contact with the foil, as it is not fully inert. Most people heat traditional foil-wrapped food even though it cannot be used in microwave and ovens. Besides this, during the cooking cycle, aluminum migration to food reaches the allowable limit set by the World Health Organization.

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In a study examining the effects of hemodialysis causing aluminum to build up in the blood from sources such as aluminum foil packaging has been found to increase the risk of developing bone disease. Increasing customer concern about health issues associated with aluminum foil packaging could hamper the growth of the demand for aluminum foil packaging. Hence, one of the options will be to develop new ovenable aluminum foil packaging types, which is safe for cooking.

Aluminum Foil Packaging Market: Competition Landscape

The global aluminum foil packaging market is expected to witness competition, as many bulk manufacturers from China and India are trying to grab major market share. Aluminum foil packaging market includes many well established market participants and numerous other local players, attributing to major revenue creation with the raising demand for blister packs, trays, laminated tubes and other products. Some of the key players operating in the global aluminum foil packaging market are China Hongqiao Group Limited, United Company RUSAL Plc, Amcor Plc, Hindalco Indistries Ltd., Hulamin Ltd., Alcoa Corporation, Ess Dee Aluminium Ltd., Novelis Inc., Eurofoil, Pactic LLC, Penny Plate, LLC, Alufoil Products Pvt. Ltd., Wyda Packaging (Pty) Ltd., Nicholl Food Packaging, and among others.

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