Automotive Adhesive Market Analysis, Company Profile, Future Estimations by 2030

According to the report, the global automotive adhesive market is projected to surpass US$ 7 Bn by 2030, expanding at a CAGR of ~5% during the forecast period, owing to increasing usage of adhesives in vehicles to achieve lightweighting and higher fuel economy. A car in the 1990s contained around 22 pounds of adhesives, which has presently increased to about 33 to 39 pounds.

Expansion of Automotive Adhesive Market

Adhesives have been utilized for bonding metal sheets in vehicles for over 40 years. Increasing trend of aerodynamic bodies and flatter designs to create minimal wind resistance have led to the usage of adhesives, as opposed to conventional spot welding. Decline in the number of welding points and increased use of adhesives in structural bonding are likely to boost the global automotive adhesive market during the forecast period.

Vehicles manufactured with adhesives are more cost-effective and safe as compared to their welded counterparts. Welding, bolting, or riveting impact the rigidity of assembled parts, the use of adhesive acts as a buffer and absorbs high energy. Increased demand for safer vehicles among consumers and competition among automakers to achieve higher safety rating are driving the global automotive adhesive market.

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Based on adhesive type, the structural segment held a leading share of the global automotive adhesive market in 2019. Adhesives have been widely adopted for gluing structural components and panels to lower the vehicle weight and improve stability and safety. The threadlocks & retainers segment is anticipated to expand at a high growth rate during the forecast period, as they are cost-effective and prevent corrosion, leakage, and loosening of fasteners/bolts/screws.

In terms of vehicle type, the passenger vehicle segment held a leading share of the global automotive adhesive market, owing to the higher production volume of cars and high usage of adhesives in cars to achieve interior esthetics, lightweighting, and to lower vehicle noise and vibrations.

Regional Analysis of Automotive Adhesive Market

In terms of region, the global automotive adhesive market has been segregated into North America, Europe, East Asia, South APAC, Middle East & Africa, and Latin America. Asia Pacific held a leading share of the global automotive adhesive market in 2019. High production of vehicles in China, Japan, and India led to the dominance of Asia Pacific in the global automotive adhesive market. Europe and North America held a prominent share and the market in these regions are anticipated to expand at a steady pace post recovery from the COVID19-induced auto recession.

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Key Players of Automotive Adhesive Market

Prominent players operating in the global automotive adhesive market include Henkel AG & Co., KGaA, Arkema S.A., DuPont, Hunstman International LLC, Sika AG, Jowat SE, Dow Inc., 3M, Ashland, H.B. Fuller Company, and Franklin International.

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Automotive OEM Key Market Growth, Trends and Forecast 2021-2030

According to the report, the global automotive OEM key market is projected to reach US$ 280 Mn by 2030, expanding at a CAGR of ~2% during the forecast period. Rise in the purchasing power of the global population has fueled the sales of vehicles, thus boosting automobile production activities. This increase in automobile production has subsequently propelled the demand for automotive key solutions from automakers, thereby driving the automotive OEM key market across the globe.

On-going changes in the automotive sector, along with growing popularity of autonomous vehicles and shared mobility services, have transformed the traditional approach of vehicle security solutions from physical keys to virtual keys, which are stored in the smart devices of vehicle owners. This is negatively impacting the automotive OEM key market.

Expansion of Automotive OEM Key Market

Advancements in microelectronics and connectivity technologies are leading to the development of vehicle keys with advanced security features, such as biometric scanning, which are capable of performing multiple functions. For instance, in August 2020, KIA Corporation announced that its new Sorento vehicle model would be equipped with the remote smart parking assist feature that can be controlled through the key fob. Such keys enhance the customer experience and hence, they are expected to propel the global automotive OEM key market in the near future.

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Based on technology, the remote keyless entry system segment held a dominant share of the global automotive OEM key market in 2019. It is anticipated to expand at a notable CAGR during the forecast period, owing to their high ease of operation. The remote keyless entry system enables the consumer to open the doors and start the vehicle without inserting the key, thus creating convenience in operation, which has contributed towards its popularity.

In terms of key material, the carbon fiber segment led the global automotive OEM key market in 2019. It is expected to maintain its dominance during the forecast period. Keys made from carbon fiber are light in weight and have high strength, which make them highly convenient for handling and carrying. These benefits of carbon fiber material is propelling its share of the global automotive OEM key market.

Regional Analysis of Automotive OEM Key Market

In terms of region, the global automotive OEM key market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global automotive OEM key market in 2019. Rise in per capita income of the population coupled with rapid industrialization in the region has inflated the demand for passenger as well as commercial vehicles. This high demand, along with lucrative government policies and inexpensive labor has attracted numerous automakers to establish their production facilities in Asia Pacific. This growing presence of major automakers has boosted the sales and production of vehicles in Asia Pacific, thus fueling the automotive OEM key market in the region.

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Automotive OEM Key Market Players

Prominent players operating in the global automotive OEM key market include Altuna Group, Chiavit (Tornado Group), Continental AG, Credit Card Keys, dormakaba Holding, Garin System Co. Ltd, Hangzhou Zhengdian Technology Co., Ltd., Heights Security, Inc., LOCKMASTERS INCORPORATED, Mitsubishi Electric Corporation, One-Tool Co., Limited, QINGDAO EVERISE INT’L CO., LTD., Qinuo Electronics Co., Ltd., Runking Technology Co., Ltd, Sakthi Industries, Spark Minda, STRATTEC SECURITY CORPORATION, and TSNEW TECHNOLOGY CO., LIMITED.

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Residential Robotic Vacuum Cleaner Market Growth Rate, Share & Trends Analysis Report 2020-2026

According to a new market report published by Transparency Market Research titled ‘Residential Robotic Vacuum Cleaner Market (Product Type: In-House Robot, Outdoor Robot; Charging Type: Manual Charging, Battery Charging; Operation Mode: Self Drive, Remote Control; Distribution Channel: Online, Offline) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ the global residential robotic vacuum cleaner market is expected to reach US$ 4,112.1 Mn by 2026, expanding at a CAGR of 9.2% from 2018 to 2026. Europe held a significant share in the residential robotic vacuum cleaner market in 2017.

The global residential robotic vacuum cleaner market is expected to be driven by factors such as increasing expenditure on household appliances and increasing awareness about indoor health and hygiene. However, the global residential robotic vacuum cleaner market is expected to be challenged by the availability of substitutes in the market. Investment in research and development to make the vacuum cleaners more efficient in suction power and long operation time is likely to offer attractive opportunities to the market. Efficiency, running time, and room coverage is trending in the global residential robotic vacuum cleaner market.

In terms of product type, the in-house robot segment constitutes a dominant share of the global residential robotic vacuum cleaner market. This is because in-house robotic vacuum cleaners are affordable compared to outdoor robotic vacuum cleaners and the prevalence of single households has helped the segment to witness higher growth. In terms of charging type, the battery charging segment constitutes a share of over 55% of the global residential robotic vacuum cleaner market.

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This is because consumers find it easy to operate a battery charging robot as it can automatically reach the charging station. In terms of operation mode, remote control dominates the segment due to its cheap cost and extensive availability in the market. In terms of distribution channel, offline channel dominates the market since consumers want to physically understand the product. The robotic vacuum cleaner is only a decade old and consumers desire to inspect the product before buying it. Various companies have innovated with the product to ensure a strong presence in the market. This in turn is expected to boost the growth of the residential robotic vacuum cleaner market. In terms of region, Europe accounts for dominant share of the residential robotic vacuum cleaner market.

Europe accounts for more than 29% share of the global market. It is expected to continue to dominate the market during the forecast period due to its large consumer base of working people. The market in the United Kingdom is likely to expand at a rapid pace. The U.K. constitutes a prominent share of the residential robotic vacuum cleaner market in Europe. A high working population drives the market in the country. The market in the U.K. is expected to expand at a rapid pace as the market in Germany is relatively saturated. Germany is expected to account for 1/4th of the residential robotic vacuum cleaner market in Europe during the forecast period. The market in European countries is also driven by the increasing single household.

China is a dominant country in the residential robotic vacuum cleaner market in Asia Pacific. Chinese companies manufacturing robotic vacuum cleaners quote a lower price compared to other companies in the market. The market in China is mainly driven by the availability of low-cost robotic vacuum cleaners. China is followed by Japan and India in the region. The market in India is expected to expand at a rapid growth rate during the forecast period, due to change in lifestyle of consumers and increasing disposable income in the country.

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GCC is a leading sub-region of the residential robotic vacuum cleaner market in Middle East & Africa. It is estimated to dominate the market during the forecast period. The market in South Africa is expected to be driven by a favorable political environment, which is enabling the setting up of more factories and resulting in higher sales of robotic vacuum cleaners. Brazil accounts for more than60% of the residential robotic vacuum cleaner market in South America and is expected to continue to dominate the market in the next few years. The market in Brazil is likely to be driven by acceptance of technological products by the population. The Rest of South America constitutes a minimal share of the market. The market in the sub-region is expected to expand at a sluggish pace in the coming years.

The residential robotic vacuum cleaner market is characterized by the presence of a number of local and regional players and intense competition among them. Some of the industry participants in the residential robotic vacuum cleaner market are Bissel Inc., Dyson Ltd., Electrolux AB, Haier Group Corporation, iRobot Corporation, Koninklijke Philips N.V., LG Electronics Inc., Miele & Cie. KG., Panasonic Corporation, Robert Bosch GmbH, Samsung Electronics, Black Decker Inc., Shark Ninja Operating LLC,  Ecovacs Robotics Ltd., Cecotec Innovaciones Sl, and Neato Robotics, Inc.

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Tennis Ball Machines Market Analysis and Forecast (2021-2027) – by Type, Application, and Region

According to a new market report published by Transparency Market Research titled “Tennis Ball Machines Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2027,” the global tennis ball machines market was valued at US$ 26.0 Mn in 2017 and is expected to reach US$ 33.6 Mn in terms of revenue by 2027, expanding at a CAGR of 2.9% from 2019 to 2027. The Asia Pacific market is projected to show the fastest growth rate during the forecast period due to the increase in number of tennis players and product innovation among manufacturers.

The usage of tennis ball machines has increased across the world. Tennis was perceived as a game for rich people and this trend has been changing over a period of time. Many kids have started to play tennis from an early age, encouraging them to eventually play the game professionally. After the Beijing and Rio Olympics, China is investing in the development of sports and tennis players.

Tennis machines used to be costly and afforded only by a few people or by sports clubs and federations. These machines earlier were heavy to carry. Portable machines are now available in the market due to various innovations and developments in tennis ball machines. These machines are comparatively less costly than traditional machines which were heavy and non-movable.

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By type, light weight tennis ball machines have the highest growth opportunity as these machines are more user friendly compared to the heavy weight ones. They are easy to handle and carry and makes it a perfect consumer choice. Moreover, light weight machines are a perfect fit for young and amateur tennis players to start from scratch.

By ball capacity, tennis ball machines having capacity of less than 150 accounted for major market share of 35% in 2017. One of the increasing trends in the lawn tennis industry is proliferation of young tennis players. With the entryof inexperienced and amateur players in the industry, tennis balls with low ball capacity proves to be a perfect fit for young tennis players.

By speed, tennis ball machines having speed of 20 mph to 80 mph acquired greater market share of approximately 50% in 2017 and is further anticipated to rise at a CAGR of 3.1% during the forecast period.

By power, battery operated tennis ball machines are more convenient due toadvantages such as low maintenance, portability, as well as affordability compared to electric powered tennis ball machines.

By end-user, sports clubs which include sports academies, clubs, and hotels and resorts garnered major market share of approximately 54% in 2016. Tennis ball machines being costly are more feasible for sports clubs compared to schools, colleges, and personal use. Better infrastructure facilities coupled with trained and experience coaching facilities in sports clubs make it a more convenient training option.

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By distribution channel, the offline distribution channel has major market share. Tennis ball machines are sold by leading players globally with the help of licensed distributors across various regions with strong physical presence. In certain regions such as Asia Pacific, e-commerce sites mainly lead the distribution channel due to strong internet penetration, and extensive product availability at affordable prices.

Geographically, in terms of revenue, North America accounted for major market share of approximately 40% in 2017 followed by Europe. This is due to popularity of tennis as a sport since ages. Additionally, presence of better infrastructure, government initiatives by funding for tennis sports training across various schools and universities, coupled with initiatives of popularizing tennis among the younger generation have resulted in the dominance of the region in the tennis ball machine market.

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Paper Pulp Disposable Tableware Market Growth Factors, Regional Analysis And Forecasts Outlook-2027

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

Paper pulp disposable tableware is 100% natural and biodegradable in nature. These are made of agriculture waste such as bagasse, wheat straw, and rice husk. Bagasse is the most commonly used raw material to produce eco-friendly disposable tableware. Manufacturing companies were engaged in the production of a wide range of disposable tableware, which includes plates, bowls, cups, and cutleries. However, the governments of various countries banning the usage of plastic is anticipated to be a major driving factor for the growth of paper pulp disposable tableware during the forecast period.

In this market report, TMR proposes that, in the product segment, plates are estimated to be the most widely used product by the end of 2027, in the paper pulp disposable tableware market. The primary reason for the rise in the demand for plates in the near future is because plates are majorly used at household parties, wedding ceremonies, events, etc., across the globe. Rapid increase in the usage of paper pulp disposable tableware for commercial purposes, majorly in hotels, restaurants, parties & catering, events, etc., is expected to be a major driving factor of the paper pulp disposable tableware market. In addition, the sale of paper pulp disposable tableware through company-owned websites and various e-Commerce portals around the world is anticipated to further drive the growth of the paper pulp disposable tableware market.

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However, the offline channel still has a major impact on the distribution of paper pulp disposable tableware. Prominent global manufacturers have set up in-house distribution channels across various continents. Some manufacturers have tied up with third-party logistic companies for the distribution of products.

Paper Pulp Disposable Tableware Market: Prominent Regions

Asia Pacific is projected to exhibit prominent growth in the paper pulp disposable tableware market in the near future, due to the increase in awareness among people about paper pulp disposable tableware. China is the biggest manufacturing base of eco-friendly disposable tableware made from agricultural waste, in the world. Chinese manufacturers produce paper pulp disposable tableware on a very large scale, and export these to various countries in North America and Europe.

Strict rules and regulations imposed against the usage of single-use plastic and plastic-based products in countries such as Australia, New Zealand, and India are anticipated to drive the paper pulp disposable tableware market during the forecast period. In North America and Europe, the rise in the usage of paper pulp disposable tableware during parties, outings, events, and social gatherings plays a significant role in driving the sales of paper pulp disposable tableware. The U.S, Canada, U.K., and Germany extensively use paper cups and paper straws. The markets in MEA and South America are expected to grow at moderate rates in the near future, due to favorable initiatives taken by the governments of several countries in these regions, such as conducting awareness campaigns and drives.

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Major brands are likely to focus on research & development activities to strengthen their footprint in the global paper pulp disposable tableware market. Companies are engaging in mergers & acquisitions and joint ventures with local brands to expand their product portfolio. Manufacturers in emerging economies are focusing on reducing their cost of production and increasing profitability for sustainable growth of their businesses.

Paper Pulp Disposable Tableware Market: Key Players

Prominent companies operating in the global paper pulp disposable tableware market include Ecoware Solutions Pvt Ltd., Huhtamaki Group, DUNI AB, Schon Ultrawares Pvt. Ltd., Pappco Greenware, Bollant Industries Pvt Ltd., Reynolds Consumer Products, Yash Papers Limited, Biotrem, Georgia-Pacific, Nanofiber Tech., Inc., DOPLA S.P.A., Shrayati Ecosatkaar LLP, Vegware, and Visfortec (Earthware).

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Winter Sports Equipment Market – Key Development by 2027

Transparency Market Research delivers key insights on the global winter sports equipment market. In terms of revenue, the global winter sports equipment market is estimated to expand at a CAGR of ~2% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the global winter sports equipment market report.

In the report, TMR predicts that, the global winter sports equipment market would be largely driven by factors such as rapidly growing ski/snowboarding resorts across the globe. Innovation in technology and design of winter sports equipment such as connected skis and snowboards is expected to boost the demand for ski and snowboarding equipment, subsequently driving the winter sports equipment market.

Globally, participation in winter sports has been greatly influenced by rapid rise in alpine touring (AT), backcountry skiing, and split boarding. Growth in backcountry skiing in the future is also expected to bolster the global winter sports equipment market.

In addition, players in the winter sports equipment market are focusing on developing and offering innovative winter equipment gear, particularly for beginners and new sports enthusiasts. This trend will enable the market to expand its clientele and encourage youngsters to participate in winter sports events.

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According to the winter sports equipment market report, the equipment type segment includes skis, ski poles, snowboards, binding, boots, ice hockey sticks, accessories, and others. The skis segment is expected to dominate both, in terms of value as well as volume, in the global winter sports equipment market, and expand at a rapid rate during the forecast period. The growth of the skis segment can be attributed to their long lasting popularity, particularly the ever-growing trend of alpine skiing, which is anticipated to significantly drive the market for skis. Furthermore, in the near future, skiing, as a sport, is estimated to flourish at a prominent rate. The ski sports segment is majorly fueled by growth in winter sports tourism, and growing number of skiing areas and resorts, worldwide.

In terms of distribution channel, the offline segment holds a large share of the global winter sports equipment market, followed by the online segment. The offline segment dominated the winter sports equipment market in 2018, owing to the preference of consumers to experience the quality of the product physically. As per the winter sports equipment market report, online distribution channels of winter sports equipment include both, e-Commerce websites as well as company-owned websites, while offline distribution channels include supermarkets/hypermarkets, specialty stores, and others (various smaller retail formats). In the near future, the e-Commerce platform is anticipated to be the most preferred channel of the winter sports equipment market.

Global Winter Sports Equipment Market: Prominent Regions

Presently, Europe dominates the global winter sports equipment market, followed by North America. The Europe winter sports equipment market is predominantly driven by the growth of winter tourism in Austria, Switzerland, and various Nordic countries. The demand for winter sports equipment has remained significantly high, as these countries are home to prominent winter sports destinations, thereby driving the Europe winter sports equipment market.

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The demand for winter sports equipment in developing regions such as Asia Pacific is expected to increase significantly during the forecast period. The Asia Pacific winter sports equipment market is driven by the exponential growth of winter sports in China. China is projected to be the fastest-growing winter sports equipment market, globally.

Global Winter Sports Equipment Market: Key Players

Key players operating in the global winter sports equipment market include Rossignol Group, Amer Sports Corporation, Fischer Sports Corporation, ELAN D.o.o, Icelantics LLC., Clarus Corp., Völkl Sports GmbH, BAUER Hockey, LLC, Head UK Ltd., and Sport Maska Inc. Companies operating in the winter sports equipment market are extensively focusing on introducing innovative products in order to gain increased market share.

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Beauty Facial Mask Market Present Scenario and Growth Analysis till 2030

Transparency Market Research delivers key insights into the global beauty facial mask market. In terms of revenue, the global beauty facial mask 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 this report.

A beauty facial mask is a category of cosmetics that are usually formulated as creams, gels, serum, or sheets purposed to deliver improved skin appearance and quality. Beauty facial masks are marketed in varied packaging and compositions, and are mostly bought based on skin type or specific skin concerns. For instance, clay or mud masks are considered more suitable for the oily skin type, whereas cream-based masks are preferred for dry skin type.

In the beauty facial mask report, TMR predicts that rising demand for anti-aging and dehydrated skincare products would significantly drive the market. Exponent growth in the aging population is the key factor contributing to the decision making of consumers of this niche cosmetics market segment. Besides, the evolution of innovative face mask products such as sheet masks and their ability to offer hassle-free and natural skin enhancement qualities is also likely to drive the global beauty facial masks market.

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In the beauty facial mask market report, the market has been broadly segmented in terms of mask type, ingredient, packaging type, brand type, distribution channel, and regions. The mask type segment includes clay masks, sheet masks, cream masks, thermal masks, peel-off masks, gel masks, and others. Sheet masks are expected to dominate in terms of value as well as volume. The burgeoning trend in personal beauty enhancing products are pushing growth in the sheet face masks market. In terms of ingredient, the market has been segmented into organic and inorganic. In the coming years, organic or natural beauty facial masks are anticipated to gain a higher growth trajectory, owing to the ongoing shift toward chemical-free and natural skincare products.

Based on packaging type, the market has been segregated into tube, jars/bottles, and sachets, where the market for sachets is expected to account for majority share due to the flexibility of transportation and low cost of packaging compared to other methods. Based on brand type, the market has been segmented into mass and prestige/luxury; based on distribution channel, the market is segmented into online and offline channel. During the forecast period, online retail sales of beauty facial masks are expected to grow at a noteworthy pace.

Beauty Facial Mask Market: Prominent Regions

Presently, Asia Pacific dominates the global beauty facial mask market, owing to the presence of a massive consumer base for face care products. Demand for beauty facial masks in the region is primarily driven by the usage of masks in daily skincare routine treatment of the majority population.

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Furthermore, the Asia Pacific market is also forecast to gain substantial growth rate during the forecast period. China is the largest Asian market for beauty facial masks, followed by India and Japan. On the other hand, the North American market is majorly driven by the demand for masks offering anti-aging properties. The growing demand for luxury skincare products is also likely to fuel the beauty facial masks market in North America as well as Europe.

Beauty Facial Mask Market: Key Players

Key players operating in the global beauty facial mask market include The Estée Lauder Companies Inc., Lancer Skincare, L’Oréal S.A., Shiseido, Unilever, Procter & Gamble, Amorepacific Corporation, C.F.E.B. Sisley SAS, Johnson & Johnson, and Elizabeth Arden, Inc. Companies operating in the beauty facial mask market are extensively focusing on introducing innovative products in order to gain more market share.

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