Vehicle Subscription Market Global Trends, Business Growth, and Forecasts 2030

According to the report, the global vehicle subscription market is projected to surpass US$ 81 Bn by 2030, expanding at a CAGR of ~15% during the forecast period. Automotive users are finding convenience in the vehicle subscription model, owing to flexible, monthly, or yearly subscription plan offerings; however, awareness about vehicle subscription model is low in Asia Pacific, as compared to that in the U.S. and Europe.

Automotive OEMs have been rolling out vehicle subscription model vehicle offerings. Competition is expected to increase in the market, as more OEMs enter, while third party players are expected to seek differentiation of their offerings compared to those of OEMs.

Expansion of Automotive Vehicle Subscription Market

The fundamental change in consumer behavior and societal trend toward individualization has resulted in the rise of subscription economy. The trend of vehicle subscription is gaining traction among urban young and middle class population. The introduction of flexible vehicle subscription models has transformed consumer preference from owning to experiencing.

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Moreover, subscribing a car makes car ownership and driving easy and hassle-free. The rise in income of middle class population has prompted young consumers to use vehicle subscription, along with high-income group population, thereby fueling the market.

In terms of vehicle subscription type, the multi-brand segment dominated the global vehicle subscription market, as currently the multi brand subscription offers a flexibility of switch to cross-brands. Based on end user, private individuals are currently witness major adoption of vehicle subscription services, while corporate end users are likely to witness high rate of adoption over the next few years.

Regional Analysis of Automotive Vehicle Subscription Market

In terms of region, the global vehicle subscription market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is estimated to lead the global vehicle subscription market during the forecast period, due to rapid industrialization and urbanization and rising per capita income and purchasing power in the region, especially in China and India.

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The vehicle subscription model has been gaining traction in China, Japan, India, South Korea, ANZ, and countries across Southeast Asia. Awareness about vehicle subscription offerings in relatively low in Asia Pacific compared to that in the U.S and Europe; however the region is likely to witness spread of awareness and rise in vehicle subscription over the next 12 to 18 months.

Automotive Vehicle Subscription Market Players

Key players operating in the global vehicle subscription market include Fair Financial Corp, Clutch Technology, CarNext, FlexDrive, Cluno GmbH, and DriveMyCar Rentals Pty Ltd.

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Snow Sports Apparel Market Growth Overview and Forecast by 2022

While snow sports have been followed by large masses for a number of decades in the developed regions of North America and Europe, the growing popularity of Winter Olympics has only further added fuel to the market for snow sports apparel. Countries such as Norway, Austria, the U.S., France, Germany, Canada, Sweden, Russia, and Italy have been leading the ranking charts of snow sports since a long time, whereas Asian emerging economies such as Japan, China, and Australia are now also making a foray. Snowboarding, Ice Hockey, Alpine and Freestyle Skiing, Ski Mountaineering, Cross Country Skiing, Biathlon, and Ski Jumping are some of the most common snow sports played across the world. As per the findings of an up-to-date intelligence study by Transparency Market Research (TMR), the demand in the global snow sports apparel market will multiply at a healthy growth rate during the forecast 2017 to 2022.

Increased Recreational Expenditure Driving Demand

Increasing preference of outdoor recreational activities among the urban population, changing lifestyle, incremented recreational expenditure, and growing awareness among the masses regarding the physical and mental benefits of sporting activities are some of the key factors driving the demand in the global snow sports apparel market. Apart from the growing popularity of snow sports, the safety awareness among the players has increased significantly in the recent past.

As a result, increasing usage of protective gears such as shell tops and helmets is multiplying. In addition to that, consumer’s interest in nature-based gateways that offer competitiveness as well as leisure at the same time, has been steadily escalating and aiding to the global snow sports apparel market. With growing penetration of ecommerce, consumers are now able to research, compare, and buy the sporting gears of their choice. This factor is also augmenting the demand in the global snow sports apparel market.

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Winter Olympics 2014, held in Sochi, was broadcasted by 464 television channels across the world, with the TRPs touching new peaks. This competitive event is inspiring many youngsters and driving the demand in the global snow sports apparel market. The TMR report also detects that technological advancements is also favoring the demand-flow in the snow sports apparel market.

For instance, synthetic ice rinks or waterless skating rinks make use of a polymer material for skating with regular metal-bladed ice skates. The synthetic skating rinks are manufactured by interlocked panels and do not require ice. Apart from being eco-friendly, these rinks can do without refrigeration equipment for creating a mechanically frozen skating surface, and consequently reducing the operational costs considerably.

USA Makes North America the Most Profitable Region

Product-wise, shell tops dominate the demand in the snow sports apparel market, accounting for 14.8% of the global demand. The TMR report projects the demand for shell tops segment to experience a CAGR of 5.8% during the forecast period of 2017 to 2022, reaching a valuation of US$255.3 mn by 2022. Regionally, North America remains the most lucrative region for the vendors operating in the snow sports apparel market, with the regional revenue projected to reach US$546.3 mn by the end of 2022, exhibiting a CAGR of 6.5% during the forecast period of 2017 to 2022.

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Competitive Landscape

Some of the prominent companies currently operating in the global snow sports apparel market are: Nike, Adidas, Columbia, Champion, The North Face, Paradox, Armada, Boll, and Black Diamond Equipment.

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Cosmetics Ingredient Market Applications, Key players Forecast 2021-2030

A recent study published by Transparency Market Research on the global cosmetics ingredient market covers global industry analysis and opportunity assessment for 2020-2030. The complete revenue generated from the global cosmetics ingredient market is valued at US$ 30 Bn in 2020 that is anticipated to surge at a CAGR of 5.6%, to reach US$ 51.6 Bn by 2030.

Rising Demand for Anti-aging Ingredients Paving Way for Cosmetics Ingredient Market

The growing aging population endures to push up the demand for anti-aging cosmetic products. Moreover, increasing demographic of individuals looking for better appearance is likely to drive the growth of the anti-aging ingredient sector. Several ingredients that are used in anti-aging have moisturizing and skin healing properties.

These ingredients heal skin conditions, including wrinkles, acne, blemishes, eczema, and make the skin lustrous and smooth. Additionally, these ingredients also prevent sagging skin and dark spots, which are boosting the demand for anti-aging products. Hence, the rising demand for premium skin and anti-aging products is expected to augment the demand for cosmetic ingredients.

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Offering Premium Cosmetic Ingredients to Create Lucrative Avenues for Market Growth

The increase in the number of working people across the world is resulting in rising per-capita expenditure ability on cosmetic products, which is a prominent factor for sales of premium quality cosmetic ingredients. The increasing population of working women that are spending more on enhancing their appearance to appear more professional and presentable is a significant factor fueling growth of the global cosmetics ingredient market across the world. Thus, the rise in disposable incomes and working women population is directly proportional to the total spending on premium cosmetic products, which serves as an opportunistic platform for players in the global cosmetics ingredient market.

Heightened Demand for Natural Ingredients to Boost Sales

Growing concerns about side effects of various chemicals and ingredients or synthetic additives used in cosmetics and personal care products increase the demand for natural substitutes. At the back of this factor, the demand for natural cosmetic ingredients is increasing in the global market. Rising awareness and increasing expenditure on natural cosmetic products are key factors that contributed to the growth of the natural cosmetics ingredient market. Moreover, government and private corporations are also promoting use of natural cosmetic ingredients with a view to prevent and control various side effects of synthetic cosmetic ingredients, such as rashes, allergies, and other skin deformities.

Impact of COVID-19: Cosmetics Ingredient Market

The global outbreak of COVID-19 pandemic has boosted the sales of personal cleansing and hygiene products, including liquid soaps, sanitizers, and skincare products. Thus, the skin care segment, including several brands, which are focusing on the personal hygiene, along with cleansing is anticipated to drive the sales of cosmetic ingredients such as surfactants, antimicrobials, emulsifiers, emollient, anti-oxidants, humectants, and thickeners.

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Moreover, the global crisis caused due to the novel coronavirus has significantly changed the global market dynamics. This outbreak was started in China and transmitted all around the world. Due to the outbreak of the virus, governments around the world have forced complete/partial lockdown to inhibit the spread of the COVID-19 that has adversely deteriorated the supply network of several cosmetic ingredient manufacturers. The uncertainty caused by the occurrence of the novel coronavirus has interrupted the trade (import & export) of cosmetic ingredients due to the closing of international borders.

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Mattress Market : Challenges and Opportunities Reviewed in a New Study

The demand within the global mattress market is rising on account of advancements in the residential sector. The need for mattresses in households and hotel is indispensable, and this creates a plethora of opportunities for market growth. Furthermore, use of mattresses is not only related to enhancing the comfort levels of people, but also have an aesthetic dimension to it.

As custom-designed beds make their way into the residential sector, the demand within the mattress market is bound to rise. The use of small mattresses for cushioning of sofas, couches, and other furniture is also a key consideration from the perspective of market growth.

Transparency Market Research (TMR) holds that global mattress market would grow at a sturdy CAGR of 7% over the period between 2019 and 2027. The total value of the global mattress market stood at US$ 37 Bn in 2019, and this figure is expected to reach US$68 by 2027. The demand for mattresses in the residential sector has grown at a robust pace.

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Comfort comes Prior for Consumers

The level of comfort offered by a mattress depends on the type of stuffing used to plump it. The manufacturers are using the best suited materials such as cotton and fur to offer high-quality, comfortable, and durable mattresses. The cumulative demand within the global mattress market is projected to reach new heights in the years to follow. Foam and latex mattresses have especially witnessed a surge in demand in recent times. Moreover, the quest of the market players to offer the most fitting products to the consumers has aided market growth.

The demand within the global mattress market is expected to grow with advancements in several industries including interior planning, designing, and hotel management. The quest of worldwide hospitality chains to offer the highest level of comfort to guests is a key dynamic of market growth. Furthermore, the growing use of social media to write review about stays and experiences at hotels has also put hospitality vendors on their toes.

IKEA Causes Disruption in Global Market

IKEA is a renowned name in the global mattress market, and the company is known for manufacturing comfortable mattresses. The company offers a wide range of king and queen-size mattresses that are designed to ‘serve customer needs.’ The HYLLESTAD spring mattress by IKEA has become a favourite amongst consumers because of the high level of comfort offered by this mattress type.

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The resilient and comfortable foam of the mattress binds along the contours of the body to offer premium comfort and rest. The growth of IKEA into a mammoth-sized market vendor has aided market growth. Sleepwell has also emerged as a renowned player in the global mattress market, and is rapidly growing into a preferred brand for consumers.

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Foot Care Products Market Overview, Top Leaders, Size, Revenue and Forecast up to 2025

From blisters to ingrown toenails to arthritis, injured feet present a public health concern. The American Academy of Orthopaedic Surgeons (AAOS) reports that approximately 43.1 million residents in the U.S. suffer from foot problems, which nearly equals to 1 in every 6 people. Foot care products include all products involved in the preventive and remedial care of ankle and foot. Every human being walks about 115,000 miles during his average lifetime, and 30% of people face foot problems at some point in their lives. The problems could be due to ill-fitting shoes, result of injury, general wear or tear, or may result from disease complications. Foot care products are vital for avoiding and sustaining proper foot health. Patients suffering from circulatory diseases or diabetes mellitus are 20 times more likely to have foot problems. Problems with feet include planter warts, nerve disorder, foot pain, fungal infections, joint inflammation, torn ligaments, tissue injuries, broken bones, and bacterial infections.

The global foot care products market has maintained a constant growth rate from many years. There is an increasing requirement for foot maintenance products which can help to maintain better esthetics and hygiene. Fast changing lifestyle and changing fashion have increased the skin exposure of feet, thus leading to growing demands for foot care products. Foot care products have gained more popularity among women due to increasing trend of open-toe sandals and shoes.

Nowadays, consumers are searching for foot repair ointments, cleansing lotions, creams, and sloughing scrub which can show immediate results. Aging baby boomers, increase in the number of diabetic patients, and infections due to bacteria are the major factors which are driving the growth of the global foot care products market. Additionally, the rise in consciousness, personal hygiene & fashion trends are some of the trends followed in society. For example, pedicure is increasingly adopted by people. Many of the foot care tools, devices, gels, creams, and medicines are used by pedicure centers, podiatry professionals, and diagnostic centers.

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Conversely, factors such as weak distribution channels and less penetration of foot care products and tools might hamper the sales of foot care products, restricting the growth of the market during the forecast period. Countries with less disposable income and personal care spending, for example African countries, are anticipated to contribute less to growth of the global foot care products market.

The global foot care products market is segmented by product, condition, end-user, and region. In terms of product, the global foot care products market is segmented into antifungal treatment products, athlete’s foot treatments, blister treatments, foot bandages and toe separators, and others such as foot care, odor control, and pain management. Based on condition, the market is segmented into athlete’s foot, heel pain, calluses and corns, diabetic foot, and others. In terms of end-user, the market is classified as hospitals, private clinics, ambulatory surgical centers, academic and research institutes, and others.

Geographically, the global foot care products market is distributed over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominates the global market for foot care products. North America and Europe account for major shares of the global market. Consumers’ curiosity in foot care products that cleanse, exfoliate, moisturize, and provide cosmetic treatment has propelled many suppliers to provide new and innovative beauty-related foot care products. In the U.S., medications and devices constitute a major share of the market and are the fastest growing segments of the market for foot care products.

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Major players operating in the global foot care products market include Johnson & Johnson, Merck & Co, Inc., Del Laboratories, HoMedics, Inc., PediFix, Inc., Dr Foot, Alva-Amco Pharmacal, Inc., Revlon, Inc., Aetrex Worldwide, Inc., Novartis Consumer Health, and Miracle of Aloe.

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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Household Vacuum Cleaners Market Overview on Ongoing Trends 2026

According to a new market report published by Transparency Market Research  titled ‘Household Vacuum Cleaners Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, the global household vacuum cleaners market is expected to reach a value of US$ 18,936.9 Mn by 2026. The market is estimated to expand at a CAGR of 4.7% during the forecast period from 2018 to 2026. In terms of volume, the market is expected to reach over 79.1 million units at a CAGR of approximately 4.5% by 2026.

The household vacuum cleaners market in Asia Pacific is projected to expand at a rapid pace during the forecast period. According to the report, the global household vacuum cleaners market is experiencing high-paced expansion in its size and valuation due to increase in the number of women in the workforce, change in consumer lifestyles, and increasing awareness about indoor health and hygiene. Despite the fact that the number of working women has increased since the past decade, women still do majority of household chores, which has led to the demand for convenient and efficient household cleaning tools.

The emerging focus of consumers in adopting advanced appliances for convenient and effective cleaning of dirt is a notable factor stimulating the demand for vacuum cleaners. Furthermore, the growing number of household consumers who are at the risk of asthma is a notable trend, catalyzing the uptake of vacuum cleaners. The presence of HEPA filtration technology in vacuum cleaners is gaining traction among consumers. In addition, technological advancements by leading companies to improve efficiency and provide a healthy environment is supporting market growth. Moreover, increasing infrastructural and development activities will present an opportunistic landscape for the household vacuum cleaners market.

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The household vacuum cleaners market has been segmented based on product type, distribution channel, and region. Based on product type, the market is categorized into upright vacuum cleaners, canister vacuum cleaners, central vacuum cleaners, robotic vacuum cleaners, drum vacuum cleaners, wet/ dry vacuum cleaners, and others (handheld, stick, etc.). The canister vacuum cleaners segment accounted for a prominent market share in 2017, as these pumps are capable of cleaning tiny dust particles and even pet hair. In addition, the presence of HEPA filtration technology in vacuum cleaners is gaining traction among consumers.

The use of advanced cleaning products helps in better cleaning of dirt, and consequently prevents respiratory allergies. Moreover, robotic vacuum cleaners are anticipated to expand at a fast pace as manufacturers are initiating innovations to increase the reliability, productivity, and performance of the product, which are capable of cleaning floors, wall corners, and can also mop the floor. In terms of distribution channel, the offline stores segment is expected to expand at a CAGR of 4.5% to reach over US$ 10,000 Mn in the near future.

The segment is followed by the online stores segment, which is anticipated to grow at a fast pace. Manufacturers are focusing on e-commerce/ online channels and internet retailing as it helps to lower the cost of the product by reducing the rental cost of physical stores and the cost of staff that physical stores require. Chinese internet retailers such as Alibaba are taking up this opportunity to sell more products online with great offers, product discounts and promotions, and targeting small household consumers who look forward to buy these appliances.

In terms of geography, North America dominated the global household vacuum cleaners market in 2017 with more than 32% share and is expected to maintain its leading position during the forecast period, followed by Europe. In Asia Pacific, China and Japan are dominating the household vacuum cleaners market, followed by India.

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The market in Asia Pacific is projected to expand at a fast pace due to the swift pace of urbanization in various economies of the region, which is fueling the substantial uptake of household vacuum cleaners. The rising disposable income of consumers, especially in China and India, is leading to a surging demand for modern home appliances including vacuum cleaners. In addition, supported by a rapidly expanding middle class in China and India, Asia Pacific is expected to remain the fastest growing region for household appliances.

Some of the leading players of the household vacuum cleaners market are Bissell Inc., Dyson Ltd., Electrolux AB, Eureka Forbes, Haier Group Corporation, HausVac Inc., iRobot Corporation, Koninklijke Philips N.V., LG Electronics Inc., Miele &Cie KG, Panasonic Corporation, Robert Bosch GmbH, Samsung Electronics Co., Ltd., Oreck Corporation, BLACK+DECKER Inc., and Techtronic Industries Co. Ltd. The companies involved in this market are focusing on R&D activities along with technological product innovation to strengthen theirposition in the industry. Moreover, geographical expansion and strategic partnerships & agreements with other companies are key business strategies adopted by household vacuum cleaner companies across different regions. In August 2018, Electrolux AB launched a cordless vacuum cleaner. The product Electrolux Pure F9, uses powerful battery technology and innovative design solutions to provide consumers with a product that combines the performance of a traditional vacuum cleaner with the freedom of a stick vacuum.

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Aircraft Seating Market Business Opportunities Analysis 2021-2026

The vendor landscape of the aircraft seating market is moderately consolidated with the presence of few prominent players in the aircraft seating market. Transparency Market Research figured RECARO Holding, Gmbh, HAECO and Zodiac Aerospace as the leading players in the market with more than 50% of total market share altogether while rest shares are dominated by local players.

The major players are focusing on acquisitions and mergers, collaboration and business expansion. For instance, Zodiac Aerospace collaborated with Safran this will help improving its R&D capabilities as well as production capacity.

Apart from this, players are adopting several instrumental expansion strategies to stay ahead in the global aircraft seating market.  Players in the market are developing seats with ergonomic designs and enabling cost-effective production through optimized use of raw materials. Other players are focusing towards business expansion to strengthen their market share.

According to TMR, global sales of aircraft seats is poised to grow at a CAGR of 12.9% during the forecast period 2017-2026. Rising at this CAGR, the sales aircraft seats market is expected to touch a valuation of US$ 27.5 bn by the end of 2026. The analysts noted the market at US$12 in the year 2016.

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Geographically, North America is projected to dominate the aircraft seating market during the forecast period, thanks to the high demand for air transportation, international air traffic, increasing flight frequency. Further on the basis of type, the narrow-body segment is anticipated to hold highest share the coming few years. This is mainly due to the increase in number of narrow-body aircraft delivery.

Significant Rise in Air traffic to Boost Prospects of the Aircraft Seating Market

The aircraft seating market is projected to grow at a prominent pace in the coming few years. This is mainly due to the increase in number of new aircraft orders coupled with rise in demand for premium economy class seats.

The airline industry at present witnessing the most lucrative phase with decrease in oil prices. Further, rise in global economy and significant increase in disposable income is making air transport easy and accessible for the middle class population. That’s the reason a large number of people are preferring air travel than land transport. Increase in number of air travellers is prompting air companies to invest in amenities. In aircrafts, seats play a vital role as a passenger spend most of its time on seat. This is expecting to offer a significant boost to the aircraft seating market in the coming few years.

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Further, surge in investment in upgrading their existing aircraft fleets and service provider’s willingness to improve customer experience are some significant factor expected to drive the aircrafts seating market.

However, complexities in supply chain is a great challenge for the aircraft seating manufacturers, this is expected to increase their revenues. Nevertheless, players are taking measures to ensure that there is no disruptions in the supply chain of individual components.

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