Brake Pad Market To Exhibit a Lucrative CAGR By 2030

The global brake pad market is projected to cross US$ 5.6 Bn by 2030, expanding at a CAGR of ~4% during the forecast period. According to the statistics of World Bank Group, GDP of the global population, measured in terms of purchasing power parity, has tripled in last few decades. This increase in purchasing power of the global population has led to a rise in sales of vehicles across the globe. The increase in sales of vehicles has boosted the demand for automotive spare parts, thus driving the global brake pad market. The increase in awareness about vehicle safety has led to the disc brakes becoming a standard feature in vehicles across most countries. Numerous automakers are mounting disc brakes on all wheels of their vehicle models. This has increased the number of brake pads required per vehicle, thus boosting the brake pad market across the globe.

Expansion of Brake Pad Market

Government authorities of various countries have prohibited the use of certain hazardous raw materials in brake pads, and have made it obligatory to control the brake dust generated. Consequently, manufacturers of brake pads have developed new products made from novel materials that lower the environmental impact. For instance, in 2018, AKEBONO BRAKE INDUSTRY CO., LTD. launched a new friction material consisting of phenol resin with wood powder, which has reduced noise and vibration, and the material has less impact on the environment as compared to that of other products such as asbestos. These new raw materials provide significant opportunity for the global brake pad market.

Technological advancements in braking systems have fueled the demand for brake pads. The ABS technology increases the wear of brake pads, the wear sensors timely alert the driver of worn-out pads and numerous other such technologies increase the frequency of brake pad replacement, thus boosting the global brake pad market. Based on brake pad material, organic brake pads are gaining high popularity across the globe, owing to the lower cost of these brake pads, lower environmental concerns, and high heat transfer capabilities. These advantages make organic materials highly suitable for general-purpose applications.

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Regional Analysis of Brake Pad Market

In terms of region, the global brake pad market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global brake pad market in 2019. It is anticipated to hold a leading market share during the forecast period, due to the high production of vehicles in countries such as China, India, Japan, and South Korea. Furthermore, growing industrialization and trade activities in these countries have increased the miles driven by commercial vehicles, further propelling the demand for brake pads. Europe is the second-largest market for brake pads after Asia Pacific. The presence of major automakers coupled with high purchasing power of the population in the region has boosted the sales and production of vehicles in the region, which, in turn, has fueled the demand for brake pads.

This report answers these questions and more about the brake pad market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

This TMR report on the brake pad market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. Market volume is determined by country wise model mapping of vehicle through internal & external proprietary databases, and relevant patent and regulatory databases. The competitive scenario of the brake pad market is supported by an assessment of the different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data, current trends and announcement by key players, researchers of the brake pad market arrive at predictions and estimations, and calculate the forecast for the market.

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This report uses an analytical triangulation method to estimate the numbers and figures of the brake pad market, with both a bottom-up and top-down approach.

This detailed assessment of the brake pad market, along with an overview of the landscape, is provided based on a careful examination of the avenues related to this industry. Analysts’ conclusions on how the brake pad market is estimated to expand are based on carefully vetted primary and secondary sources.

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Boat Rental Market Revenue To Witness Humongous Elevation By 2030

According to the report, the global boat rental market is projected to surpass valuation of US$ 19.7 Bn by 2030, expanding at a CAGR of ~5% during the forecast period. The growing trend of recreational boating across the globe is likely to boost the global boat rental market. Automatic positioning systems play the role of a virtual anchor in a boat, while thermal imaging cameras offer night vision to avoid potential obstacles in the water, thereby boosting the demand and adoption of advanced boats. High taxation rates on boat rental services across various regions is an important factor hampering the boat rental market. For instance, VAT laws in the European Union (EU) are not uniform and hence, each country has its own taxation law and regulations. This hamper the boat rental market considerably. Moreover, the boat rental market in high taxable regions witnesses sluggish expansion. This is anticipated to affect the global boat rental market during the forecast period.

Expansion of Boat Rental Market

Surge in trade volume, owing to rising bilateral trade among countries is projected to boost the boat rental market during the forecast period. China witnessed a rise in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Based on business model, the global boat rental market has been segmented into charter, day cruise, lux charter, lux day cruise, tour, event/B2B, peer to peer (P2P), and business to consumer (B2C). The business to consumer (B2C) segment dominates the boat rental market across the globe due to the expansion of boat rental service platforms that offer easy lease of a privately-owned boat.

Based on propulsion, the fuel powered segment accounted for a significant share of the global boat rental market. Rise in popularity of fuel-powered boats across the globe is likely to boost the demand for boat rental services across the globe. The high cost of electric powered boats is likely to hamper the demand for electric boat rental services across the globe.

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Regional Analysis of Boat Rental Market

In terms of region, the global boat rental market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominated the global boat rental market in 2019. It is anticipated to hold a leading share during the forecast period, due to major presence of boat rental service providers across the region. Followed by North America, Europe also held a significant share of the global boat rental market. Greece, Croatia, and France are major tourist destinations, and they contributed to the prominent share of the region in the global boat rental market. Government and regional authorities across Europe are focusing on the expansion of marinas, and development and modernization of berths to boost nautical tourism, which, in turn, is propelling the boat rental market in Europe.

This TMR report on the boat rental market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. Market volume is determined by country wise model mapping of vehicle through internal & external proprietary databases, and relevant patent and regulatory databases. The competitive scenario of the boat rental market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data, current trends and announcement by key players, researchers of the boat rental market arrive at predictions and estimations, and calculate the forecast for the market.

This report uses an analytical triangulation method to estimate the numbers and figures of the boat rental market, with both a bottom-up and top-down approach.

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This detailed assessment of the boat rental market, along with an overview of the landscape, is provided based on a careful examination of the avenues related to this industry. Analysts’ conclusions on how the boat rental market is estimated to expand are based on carefully vetted primary and secondary sources.

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Automated Guided Vehicle Market Size To Witness A Lucrative Growth Over 2021-2027

According to the report, the global automated guided vehicle market is projected to reach ~US$ 4 Bn by 2027, expanding at a CAGR of ~14% during the forecast period, owing to an increase in the demand for automation in material handling and improved safety standards in manufacturing facilities and workplace. The automated guided vehicle market is highly technology driven, and original equipment manufacturers are strongly focused on enhancing the capabilities of their existing product portfolios

Expansion of Automated Guided Vehicle Market

Rising need for automation in material handling processes across various industries is a key factor that is propelling the automated guided vehicle market. Increasing demand for intelligent and customized AGVs and expansion of the manufacturing industry coupled with rapid expansion of e-commerce are offering significant opportunities to the market.

Penetration of AGVs is rising in the material handling and management industry. Furthermore, they are also being extensively utilized in several industries such as retail, manufacturing, healthcare, logistics, food & beverage, and aerospace. AGVs are employed in various areas across a facility including assemble, kitting, transportation, warehousing, staging, order picking and transferring load to support processing and handling. The use of AGVs helps eliminate risks arisen due to handling of materials manually. AGVs improve safety at the workplace, while optimizing the speed of the operation.

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e-Commerce companies are adopting automated guided vehicles as a key component in their growth and expansion, as AGVs can reduce their processing time. Expansion of e-Commerce industries are likely to offer significant opportunity to AGV manufacturers. Moreover, when it comes to retail, e-Commerce is the fastest distribution channel, and it is no longer restricted to developed markets of the U.S. and Europe. It has become a global phenomenon with high market penetration in APAC. Therefore, expansion of e-commerce and use of AGVs by e-Commerce players are projected to further offer considerable opportunities to the global AGV market.

Automated Guided Vehicle: Market Segmentation

Based on end use, the automotive segment held a leading share, owing to increased use of automated guided vehicles by auto manufacturers and auto part manufacturers. Adoption of automated guided vehicles enables auto manufacturers to lower production cycle time and help optimize the manufacturing process. In terms of type, the tugger AGVs segment is expected to hold a leading share of the global market during the forecast period. Tugger automated guided vehicles, or towing vehicles, were one of the first type of AGVs introduced, and they are still highly popular. These AGVs can pull a multitude of trailer types and non-driven carts, which are charged with loads either automatically or manually. Tugger AGVs are highly productive, since they are capable of carrying more load than other type of AGVs. Tugger AGVs are highly efficient and have high load carrying capacity, as compared to that of conventional forklift trucks.

Regional Analysis of Automated Guided Vehicle Market

In terms of region, the global automated guided vehicle market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Rise in the adoption of advanced technology coupled with a rise in purchasing power in developing countries is expected to boost the demand for automated guided vehicles in Asia Pacific and South America. These regions offer significant opportunities to the global market.

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Key Players in Automated Guided Vehicle Market

Prominent companies operating in the automated guided vehicle market include Dematic GmbH & Co. KG, Toyota Industries Corporation, Swisslog Holding AG, Egemin Automation Inc., Oceaneering AGV Systems, Bastian Solutions LLC, Hyster-Yale Materials Handling Inc., JBT Corporation, E&K Automation GMBH, Seegrid Corporation, AGVE Group, Transbotics, Jungheinrich AG, Daifuku Co., Ltd., and AMERDEN Inc.

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Badminton Apparel Market Share, Company Overview, Growth and Forecast by 2030

Transparency Market Research delivers key insights on the global badminton apparel market. In terms of revenue, the global badminton apparel market is estimated to expand at a CAGR of ~11% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global badminton apparel market.

The global badminton apparel market is broadly affected by several factors. The market is gaining popularity due to the increasing number of badminton leagues or tournaments, and rising number of badminton players. These factors are expected to boost the global badminton apparel market during the forecast period.

Badminton Apparel Market: Key Segments

The global market for badminton apparel has been segmented by product type, material, distribution channel, and region. Based on product type, the market has been divided into top wear (jacket, sports bra, sweatshirt, track suit, and t-shirt & tees), bottom wear (pants & trousers, shorts & tights, and skirts), footwear, and others (socks, etc.), wherein the top wear segment is projected to be highly lucrative across the globe, due to rising participation of users in sports activities.

Additionally, increase in the number of prominent sports leagues across the globe such as Premier League, and Badminton League, etc. is anticipated to drive the sales of badminton apparel during the forecast period. The demand for top wear, bottom wear, and footwear is anticipated to continue the momentum in the near future. The influx of new and innovative designs coupled with increasing consumer awareness about trendy and fashionable clothing are among the major factors fueling the growth of the badminton apparel market.

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In terms of material, the badminton apparel market has been divided into natural fabric and synthetic fabric. Synthetic fabric dominates the market across the globe. This is an engineered material, which is made from a denier fiber. It is typically developed from nylon or polyester or both. The texture can wick dampness effectively and spread it through its whole surface. However, regular or professional players are also looking for natural badminton apparel that will not only provide comfort, but are better for the environment. Therefore, the demand for natural fabric is projected to grow at a faster rate in the upcoming years.

Based on distribution channel, the market has been divided into online and offline. Online channel is further divided into company website and eCommerce website. Offline channel is sub-segmented into hypermarkets & supermarkets, specialty stores, and other retail stores. Rapid advancements in the field of technology and advent of high-speed Internet services such as 4G and 5G have contributed to the growth of the online segment of the badminton apparel market. In addition, major manufacturers operating in this industry are opting to sell through online platforms due to the emergence of several eCommerce companies in order to attain a broader consumer base, as it helps them to promote their products with large discounts and offers to attract consumers.

Badminton Apparel Market: Prominent Regions

The global badminton apparel market has been divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, Korea, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America). In terms of revenue, Asia Pacific is a major market for the badminton apparel industry, owing to the presence of a large number of participants and fan base for badminton in emerging countries such as China, India, Japan, Korea, and Indonesia. The increasing demand for usage of these products in the region is driving the badminton apparel market in the Asia Pacific region. The market in Europe and North America is projected to witness substantial growth during the forecast period from 2020 to 2030.

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Badminton Apparel Market: Key Players

Key players operating in the global badminton apparel market are Absolute Protech Sports (M) Sdn. Bhd., Babolat, Felet International Holdings Sdn. Bhd., FZ Forza, Li-Ning Company Limited, RSL International, Victor Rackets Industrial Corporation, Ruby Glamour Sdn Bhd (Yang Yang), Yehlex (UK), and YONEX Co., Ltd.

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Medical Loupes Market Key Findings, Growth Strategy, Developing Technologies

Transparency Market Research delivers key insights on the global medical loupes market. In terms of revenue, the global medical loupes market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global medical loupes market.

The global medical loupes market is broadly affected by several factors, including rising demand for advanced visualization for professional applications. Thus, expanding usage of medical loupes in different segments is propelling the global medical loupes market.

Medical Loupes Market: Dynamics

Experienced users with higher magnification need to appreciate advanced visualization capabilities of medical loupes. Available in various magnification levels, medical loupes provide high-contrast stereoscopic images with edge-to-edge sharpness for detailed recognition and differentiation. When magnification is not needed, the loupe can simply be flipped up. Fitted in either a lightweight titanium eyeglass frame or with a headband, medical loupes offer settings for a wide range of tilt and angle views, while supporting a comfortable, ergonomic working position.

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Advancements in technology allow settings to be quick and easy to adjust and remain stable at all times. Further advancements in the medical loupes market is likely to cater to a wide array of medical needs, thus driving the market during the forecast period. However, despite advancement in the industry, lack of awareness among healthcare professionals might have a restraining impact on the global medical loupes market.

Medical Loupes Market: Prominent Regions

The growing medical equipment industry across the globe, owing to rising number of health issues and concerns about health, is boosting the demand for medical loupes. The market in the North America region is anticipated to expand at a significant rate due to high adoption of medical loupes in surgeries and in the dental sector. The market in Asia Pacific is expected to show highest growth rate. The increasing demand for medical loupes from emerging economies such as China and India is driving the regional market.

A unique research methodology has been utilized by TMR to conduct a comprehensive research on the growth of the global medical loupes market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary sources referred to by analysts during the production of the global medical loupes market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, products portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the medical loupes market as a primary source.

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These primary and secondary sources provided exclusive information during interviews, which serves as a validation from medical loupes industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global medical loupes market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on the future prospects of the global medical loupes market more reliable and accurate.

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Organic Personal Care Market Demand, Technology Advancement and Future Scope Till 2027

Transparency Market Research has recently published a new research report, titled “Organic Personal Care Products Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2027.” The extensive research report provides an explanation of the overall global organic personal care products market by using Porter’s five forces analysis. This report offers holistic view of the competitive landscape, the threat of substitute products or services, threat regarding new entrants, the bargaining power of customers, and the bargaining power of suppliers.

The global organic personal care products market was valued at US$12.98 Bn in 2018 and is expected to reach US$28.66 Bn by 2027, surging at a growth rate of 9.2% between 2017 and 2027. The growth of the global organic personal care products market will also be attributable to the growing number of distribution channels and launching of new and innovative products into the market.

Personal care products manufactured from organic ingredients are projected to increase rapidly in the near future.  As consumers are trying to replace synthetic cosmetics and personal care products, they are gradually opting for organic products. The growing awareness amongst consumers about the hazards of synthetic chemicals is also providing a boost to the global organic personal care products market. Organic personal care products are free from chemicals such as aluminum salts, phthalates, parabens, and petrochemicals. In countries like China, India and Japan etc. are projected to be the emerging markets for organic personal care products in the forecast period.

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The organic personal care products market is divided on the basis of type and region. The types of organic personal care products are skin care, hair care, cosmetics, oral care, and other products. Geographically, this market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

North America region is the biggest market for the organic personal care products globally. As there is a high adoption of organic skincare, hair care, oral care and sun care products are projected to create new opportunities for the manufacturers & distributors of personal care products in the near future.

Furthermore, the market in Asia Pacific is projected to expand at a significant growth rate during the forecast period. As companies are making heavy investment on advertising organic personal care products and running promotional campaigns to enhance the sale of organic personal care products in the forecast period. Some of the key players in the global organic personal care products market are Estee Lauder, The Body Shop, The Hain Celestial Group, and Yves Rocher.

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The organic personal care products report highlights the SWOT analysis which includes the strengths, weakness, opportunity, and threats pertaining to the market. Porter’s Five Force Analysis in the report highlights threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitutes, and competitive rivalry. This analysis helps in understanding a company’s position in a particular industry as well as market entry strategies for new players. Key trends, both in terms of demand side and supply side is included, that helps in understanding the market scenario. Key market indicators are included in the report which portray some global facts such as growth of personal care product industry etc. in different countries across the globe.

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Nutricosmetics Market to Witness Astonishing Growth by Forecast 2020-2027

Transparency Market Research has come up with a new report titled “Nutricosmetics Market”, which forecasts that the market would expand at 8.5% CAGR over the period of forecast from 2019-2027. The global nutricosmetics arket is estimated to be valued at US$ 8,571.5 mn by the end of 2027.

Consumer awareness regarding the ill-effects of synthetic chemicals used in popular cosmetic skin care products are driving them to opt for nutricosmetics. Emerging markets in the Asia Pacific region and South America whose income levels are rising are expected to witness high growth rate in the demand for skin care products. This is due to a rise in disposable income. Developing countries such as Chile and Uruguay are witnessing a rise in average spending on nutricosmetics products.

Consumer rising preference towards a healthier and better lifestyle coupled with usage of natural products including barks, roots, and green tea in skin care product is escalating the demand for global nutricosmetics market. Some of the prominent players that are operating sucessfully in the global nutricosmetics market comprise names like The Coca-Cola Company, E.l.Du Pont De Nemours and Company, Cargill Incorporated, L’Oreal SA, and Nestle S.A. 

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Rising demand of personalized cosmetic skin care products, wherein manufacturers take into account specific details of individuals such as weather, skin type, pollution levels where they live, and a myriad other details to ensure that the product is compatible with and effective on the user’s skin.

Use of Cannabidiol (or CBD)

Cannabidiol is one of the 80 compounds called cannabinoids extracted from the cannabis sativa plant. CBD is known to treat dry skin, psoriasis, and eczema and is being used in many beauty products. CBD also offers anti-inflammatory and moisturizing properties, which is increasing its popularity as an ingredient in cosmetic skin care products. It was earlier part of a niche category of skin care products. It is now entering the mainstream with a number of brands, established and upcoming, launching products containing the ingredient.

The TMR report on the global nutricosmetics market is based on a complete and comprehensive evaluation of the market backed by secondary and primary sources. The competitive scenario of the global nutricosmetics market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the global nutricosmetics market arrive at predictions and estimations, and calculate the forecast for the market.

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The report uses an analytical triangulation method to estimate the numbers and figures of the global nutricosmetics market with both bottom-up and top-down approaches.

The detailed assessment of the global nutricosmetics market, along with an overview of the landscape is provided based on a careful examination of the avenues related to this market. Analysts’ conclusions on how the global nutricosmetics market is set to grow are based on carefully vetted primary and secondary sources.

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