Elevator & Escalator Market Rising Trends, Covid Impact and Demands 2021 to 2031

Transparency Market Research delivers key insights on the global elevator & escalator market. In terms of revenue, the global elevator & escalator market is estimated to expand at a CAGR of 7% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global elevator & escalator market report.

In this market report, TMR predicts that the global elevator & escalator market would be largely driven by factors such as increasing number of high-rise buildings in developing economies. Moreover, innovations in technology and design of elevators & escalators are expected to boost their demand in the upcoming years.

The elevator & escalator market report covers new installation, maintenance & repair, and refurbishing. Maintenance & repair is expected to dominate the global elevator & escalator market and expand at a rapid rate during the forecast period. Large installed base of elevators & escalators in Asia Pacific and Europe is driving the market. End users have to invest in maintenance services every year. Elevator & escalator refurbishing services is projected to witness higher growth in the near future.

The growing commercial construction at the global level is driving the commercial segment, in terms of end use. Both developing as well as developed countries are investing in high-rise commercial complexes, which are projected to be a positive factor driving the elevator & escalator market in the near future. The Increasing number of residential buildings will lead to new installations of elevators and escalators as well as maintenance services.

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In terms of elevator type, the passenger elevators segment accounted for the largest market share and is expected to maintain its dominance in the upcoming years. Majority of countries demand energy efficient passenger elevators. Developing countries investing in the real estate sector are anticipated to drive this market.

In terms of escalator type, the step type segment held the highest market share. Modern step type escalators are made of metal. Earlier, wood was also used to manufacture them. These characteristics are driving the product demand among consumers.

Elevator & Escalator Market: Prominent Regions

Presently, Asia Pacific dominates the global elevator & escalator market, followed by North America and Europe. China is the largest consumer of elevators and escalators globally. Rising number of high-rise buildings in Asia Pacific is driving the sales of elevators as well as escalators. Supportive government policies are encouraging companies to set up their manufacturing units in this region. The elevator & escalator market in India and China is projected to expand at a higher pace. A large number of global real estate companies is investing in residential and commercial sectors in these countries. The growing disposable income, coupled with huge population, is creating the need for elevators & escalators in crowded commercial places. Rising number of shopping malls, corporate buildings, and offices in Tier 1 and Tier 2 cities is expected to boost the demand for elevators and escalators.

Europe is the second largest market for elevators & escalators globally. The availability of technologically advanced products coupled with high consumer spending on elevators and escalators over the past few years drives this market.

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Elevator & Escalator Market: Key Players

The competition landscape of the elevator & escalator market is moderately fragmented with leading players accounting for majority of the revenue share. Key players operating in the global elevator & escalator market include Fujitec Co. Ltd., Hitachi, Ltd., Hyundai Elevator Co., Ltd., KONE Oyj, Mitsubishi Electric Corporation, Orona Group, Otis Elevator Company, Schindler Group, thyssenKrupp AG, and Toshiba Corporation.

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Organic Personal Care Market Demand Analysis, Size, Share, Forecast – 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.

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.

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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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Conveyor Oven Market Growing Demand and Manufacturing Analysis 2021 to 2027

As per estimates of the TMR report, the global conveyor oven market will become worth US$ 135.4 Mn by the end of 2027 at a CAGR of 3.7% during the forecast period from 2019 to 2027. In 2018, the market size was valued US$ 97.6 Mn. Based on power source, electric conveyor oven held the leading more than 50% share in the overall market in 2018.  Among the key type segments, industrial/heavy ovens stood as the leading segment of the conveyor oven market in 2018. Geography-wise, in 2018, North America stood as the most lucrative market mainly because of increasing demand for fast and convenient food.

Over the past few years, the changing work practices of the food industry is also acting in favor of the growth of conveyor oven market. Food companies are seeking modern food preparation practices, wherein they are looking for quality and efficiency in a cost effective manner. In particular, stacked conveyor ovens are witnessing an increasing demand as they have the feature to cook a substantial amount of food at one time. This is also acting in favor of conveyors oven market.

Energy Conservation Trend Will Boost The Market Growth

Manufactures of conveyor ovens are focusing on conserving energy. Various food service establishments such as pizzerias are facing strong competition over values and most of them are aiming at minimizing their operating costs. Consequently, several conveyor oven manufacturers are also focusing on providing technologies, which save money and conserve energy of the pizzerias. For instance, conveyor oven manufacturers such as Middleby Corporation, Lincoln, and OEM-ALI Spa are adopting energy-saving technologies. For instance, Middleby Corporation’s WOW model of conveyor ovens contains an automated ‘energy eye’ technology that decreases the consumption of energy when food is not inside the oven cavity.

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Similarly, OEM-ALI Spa also provides a conveyor oven, which has standby controls allowing the equipment to economize the consumption of energy. These innovations in energy consumption benefit by saving about 30% of energy. Companies have an original System known as Energy Management system – EMS. Middleby Corporation ovens offer highly effective heat transfer to the product. Consumption of energy is carried out as air is recycled from radiator to product, where energy loss is reduced. However, when touched, the oven is cool. This kind of technology is expected to fuel the growth of the market

Rising demand for baked products in different countries

Several countries across the globe are witnessing a significant demand for baked products. Numerous pizzerias are witnessing an increasing demand to lowering their cooking time. Conveyor ovens require less time to cook large amounts of food; thus, helping restaurant owners to develop operational efficiency. Thereby improving the consumer experience. This, in turn, is prompting more pizzerias to invest in conveyor ovens.

Global market is fragmented in nature with stiff competition with global and domestic competitors. Product development and introduction of novel products are the key growth strategies that key players in this market have adopted to help them emerge at the fore. Besides innovations, several companies in the market are striving to tap opportunities in regional and local markets to target the segment of small end users.

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The key vendors operating in the global conveyor oven market include Middleby Corporation, Lewco Inc., PICARD OVENS INC., Davron Technologies Inc., Star Manufacturing, Wisconsin Oven Corporation, Zanolli, Stoddart International Thermal Systems, Mahan Oven & Engineering Co. Inc., Infratrol LLC, Doyon, Moretti Forni, OEM-ALI Spa, Ovention, Italfornia USA, Lincoln, and XLT Inc.

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Electric Lunch Box Market Analysis, Demand and Forecast 2021 to 2027

Transparency Market Research delivers key insights on the global electric lunch box market. In terms of revenue, the global electric lunch box market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global electric lunch box market report.

In this market report, TMR predicts that the growing awareness of the benefit of home cooked meals coupled with rising desire of consumers to partake warm meals from lunch boxes has significantly driven the demand for electric lunch boxes. Growing health consciousness among the people is leading to demand for homely cooked food. Working professionals opt for home cooked meals as it is fresh, nutritious, hygienic, and pocket friendly. Rapidly changing consumer preference is likely to propel the global market for electric lunch boxes. Thus, growing health concerns and increasing awareness about homemade food is likely to stimulate the electric lunch box market in the near future.

In the coming years, innovations in electric lunch boxes through technological advancement is likely to generate new growth opportunities for the market. Kitchenware manufacturers are also constantly focusing on new innovations in their product portfolios. Some manufacturers have launched battery operated electric lunch boxes which is projected to create better opportunities for the global electric lunch box market in the near future. Furthermore, rising technological advancements and manufacturing of rechargeable battery operated lunch boxes will create opportunities for the electric lunch box worldwide. In addition, several manufacturers are offering budget-friendly electric lunch boxes through online channels that is set to boost the growth of the market.

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Grid electric lunch boxes held the highest market revenue share in the global electric lunch box market in 2018 and are expected to remain dominant during the forecast period. Penetration of grid type lunch boxes is higher than container lunch boxes. Grid lunch boxes enable more space saving and look less bulky. Besides, grid lunch boxes are easier to wash. However, container lunch boxes are more popular in Asian provinces, particularly in India.

Based on raw material, the plastic segment led the electric lunch box market in 2018. Although plastic is considered harmful to the environment, preference for plastic by manufacturers as well as consumers is predominant, owing to its lightweight feature with relatively lower cost, contributing to its growth globally. However, in the coming years, stainless steel electric lunch boxes are expected to gain traction due to rising environmental concerns, resulting in limited use of plastic products.

Electric Lunch Box Market: Prominent Regions

Geographically, Asia Pacific led the electric lunch box market in 2018 and the region is expected to retain its dominance during the forecast period. Globally, 52% of the workforce population is the formal or waged/salaried population. This is the prominent target clientele for the electric lunch box market. Majority of this population resides in the Asia Pacific region, which accounts for more than 55% of the global population. Hence, it is anticipated to remain the prominent market for electric lunch boxes followed by Europe and North America.

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Electric Lunch Box Market: Key Players

The competition landscape for the electric lunch box market is highly fragmented with the leading players accounting for 10% to 15% of the revenue share. Key players operating in the global electric lunch box market include TAYAMA APPLIANCE USA INC., Haven Innovation, Newell Brands Inc., Hamilton Housewares Pvt. Ltd., SKG Electric Co., Ltd, Jaypee Plus, Koolatron Corporation, Cello World, and Girmi.

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Charger Market In-depth Analysis, Demand and Product Overview 2021 to 2030

Transparency Market Research delivers key insights on the global charger market. In terms of revenue, the global charger 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 charger market.

The global charger market is broadly affected by several factors, such as rise in demand for clean energy, development of transmission & distribution, and development of augmented reality, which is propelling the global market for chargers.

Charger Market: Dynamics

In terms of product, the charger market has been divided into conventional charger, fast charger, motion-powered charger, solar charger, timer-based charger, and others. The demand for conventional chargers is high at the global level. Mobile chargers accounted for highest volume sales. Based on type, the charger market has been bifurcated into fixed and portable. Fixed chargers are majorly used in the industrial segment. Mobile chargers are considered under the portable segment. Based on connectivity, the market has been classified into wired and wireless. Wireless charging segment is expected to expand with a higher share globally.

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In terms of voltage, the charger market has been categorized into below 24 V, 24 V – 48 V, 48 V – 60 V, 60 V – 120 V, and above 120 V. The demand for chargers of below 24 volt is higher at the global level. It has been observed that most mobile chargers are manufactured with voltage below 24 volts. In terms of application, the charger market has been split into personal use, retail, automotive, railways, energy & power, mining, industrial manufacturing, IT & data center, marine, telecommunications, infrastructure, oil & gas, and others.

The personal use application segment accounted for a major market share. Rising mobile sales globally is driving market growth. Based on distribution channel, the charger market has been segmented into online and offline. The offline segment dominated the market in 2019, owing to the preference of consumers to experience the quality of the product physically before purchasing it.

Charger Market: Prominent Regions

Worldwide, Asia Pacific region accounted for a major share of the charger market, followed by North America, and the region is expected to continue its dominance during the forecast years, 2020 to 2030. This is due to the rising demand for innovative and new technology USB products such as portable speakers with USB charging ports, alarm clock with USB charging port, and LED indicators for charging, while sleeping that indicate the charging level.

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Charger Market: Key Players

Key players operating in the global charger market are Accutronics Ltd., Anker Innovations, ARB Accessories Pvt. Ltd., Chengdu Khons Technology Co. Ltd., Lzen Electronics, Omnicharge Inc., Platinet S A, Goal Zero LLC, Samsung SDI Co., Ltd., and Sony Corporation etc.

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Aircraft Ground Handling System Market Dynamics and Comprehensive Assessment to 2024

Aircraft ground handling systems aid in various operations to reduce ground time and improve aircraft productivity. Ground handling management deals with very complex tasks on a day-to-day basis and emphasizes on improving the time efficiency of ground operations so as to avoid delays caused by aircraft. Advanced aircraft ground handling systems simplify tasks for ground handlers and ensure operational efficiency. They also enable airlines to offer effective and efficient customer services as well as to manage overall costs. These systems also aim to increase passenger flow while offering a secure and rapid check-in process.

The demand for quality products and solutions has risen due to technological advancements and change in consumer behavior. Aircraft ground handling system providers offer products and solutions of the highest standards, which are capable of fulfilling the demands of today’s businesses and meeting the challenges that end-users face.

Aircraft Ground Handling System Market: Segmentation Analysis

The aircraft ground handling system market has been studied in detail based on system, service, and equipment. On the basis of system, the market comprises aircraft ground handling systems, cargo ground handling systems, and passenger ground handling systems. Services offered include ramp services, on-ramp aircraft services, onboard services, passenger services, and field operation services. By way of equipment, aircraft ground handling systems include tow bars, push-back tractors, forklifts, GPU, loaders, dollies, belts, tractors, and transporteurs. The market can also be categorized geographically into North America, Europe, Asia Pacific and the Rest of the World (RoW).

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Aircraft Ground Handling System Market: Trends and Opportunities

Aircraft ground handling system is a multibillion-dollar market and is expected to show substantial growth in CAGR from 2017 to 2025. There is a significant increase in the demand for aircraft ground handling systems as they improve time efficiency and reduce turnaround time. They also offer various other benefits, such as an increase in speed and improved accuracy. These benefits automatically increase the value of service to end users.

The global aircraft ground handling system market is primarily driven by an increase in the number of airports and airlines and various technological advancements. Infrastructural upgradation is a key revenue generator for the aircraft ground handling systems market and major investments in this process has spurred the uptake of these systems.

The key restraints challenging the growth of this market are high initial cost and quality issues. Ground equipment is rather diverse and requires a high number of devices to perform various activities. It also requires high initial investment, which acts as one of the major hurdles for players. Most airlines prefer dealing with just one aircraft ground handling system provider for a particular flight and this requires a significant amount of money.

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Aircraft Ground Handling System Market: Companies mentioned in the research report

Some of the leading players operating in the global market for aircraft ground handling systems are JBT Aerotech, Cavotec, Cargotec, Weihai Guangtai Airports Equipment Co. Ltd, Bharat Earth Movers Ltd, SAAB Group, Bliss-Fox Ground Support Equipment Ltd., IMAI Aero-Equipment Mfg. Co., Aviapartner Nv, Gate Gse, Aero Specialties, and Mallaghan Engineering Ltd.

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Business Process Re-engineering Market Demands and Business Opportunities 2021 to 2027

Business process re-engineering is a business management strategy that is employed to achieve core business processes such as improvement in productivity and quality of service. It also involves radical rebooting or redesigning of business processes, with the objective of achieving a significant increase in business performance including high returns on investment, efficient business workflow, and cost reduction. In addition, business process re-engineering is employed to build new infrastructure of the company to help it remain competitive in the marketplace.

Business process re-engineering  re-organizes a business into cross-functional teams with complete responsibility of a process, with a focus on customer values and needs. Furthermore, organizations adopt business process re-engineering to improve their overall business operations with the help of business process management and business process integration.

Increasing demand to develop efficient software for business operations among business process re-engineering vendors is a key factor driving the global business process re-engineering market. Growth of the BFSI (Banking, Financial Services and Insurance) sector is expected to boost the global business process re-engineering market during the forecast period, owing to high quality of services offered for customer acquisition and retention in the banking sector.

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Moreover, the rising demand for productivity, accuracy, speed, and efficiency in business operations is expected to drive the global business process re-engineering market during the forecast period. Redundancies and low investments are factors expected to negatively impact the global business process re-engineering market between 2019 and 2027. Increase in investments from software companies for business process re-engineering solutions by well-established and emerging players can overcome these hindrances in the near future.

The global business process re-engineering market can be segmented based on deployment, enterprise, end-user, software tool, service, component, and region. Based on deployment, the market can be classified into cloud and on-premises. In terms of end-user, the market can be segmented into government & defense, BFSI (banking, financial services and insurance), energy & utilities, manufacturing, retail, transportation & hospitality, logistics, IT & telecommunication, food & beverages, and others.

Based on software tool, the global business process re-engineering market can be divided into DEC model, ProcessWise, business design facility (BDF), and enterprise modelling system. In terms of enterprise size, the market can be segregated into large, small, and medium enterprises. Based on service, the global business process re-engineering market can be categorized into professional services and managed services. Based on component, the market can be segmented into product development, service delivery, and customer satisfaction.

In terms of region, the global business process re-engineering market can be classified into North America, Europe, South America, Middle East & Africa, and Asia Pacific. North America is expected to account for a prominent share of the global market during the forecast period, followed by Europe and Asia Pacific.

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North America and Europe hold a major share, due to presence of well-established as well as emerging players providing business process re-engineering software tools in the two regions. The market in North America is expected to witness strong growth from 2019 to 2027, due to rising demand for efficient software for business operations and increasing investments in new startups in the region. The market in Asia Pacific is expected to expand at a rapid pace during the forecast period, owing to high investments by enterprises in increasing the business productivity and efficiency.

Key players operating in the global business process re-engineering market are IBM Corporation, Appian Corporation, The Hackett Group, Inc., Oracle Corporation, Software AG, Adobe Inc., Microsoft Corporation, TIBCO Software, Cap Gemini., Fujitsu Ltd., Pegasystems Inc. Selerant Corporation, and Accenture.

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