Luxury Watches Market Future Trends, Past, Present Data and Deep Analysis 2020-2025

Luxury watches are considered to be exclusive items and wearing them signifies status symbol for men and women. Rising brand preferences among the population is resulting in the noteworthy growth of the global luxury watches market. Manufacturers of luxury watches are focused on different marketing strategies in order to gain a larger part of the market share. Manufacturers understand the importance of using social media as a means to promote their products amongst the population. Upgrades, to visual merchandising in supermarkets and hypermarkets in order to grab customer attention is resulting in the high demand for luxury watches in recent years. Additionally, development of digital channels has become a new strategy among key players to lure more customer attention toward purchase of watches.

The global luxury watch market has been segmented on the basis of product type, gender type, and distribution channel. By product type, the global luxury watch market has been segmented into mechanical quartz and others. On the basis of gender type, the market has been segmented into women’s luxury watches and men’s luxury watches. Women’s luxury watches dominated the global luxury watch market owing to inclination of women toward fashion and luxury.

Men’s luxury watches are expected to show the fastest growth during the forecast period due to the rising trend of fashion among men. On the basis of distribution channel, the market has been segmented into two types – online retail channel and offline retail channel. Online distribution channel of the global luxury watches market showed the fastest growth rate owing to the rising penetration of different apps and presence of different brand options. Convenience that consumers derive from online shopping has also resulted in the high growth rate of the global luxury watch market.

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The global luxury watch market is mainly driven by the emerging fashion trends amongst the population. In addition, blend of traditional and modern style of watches has resulted in the rise in demand for luxury watches. Moreover, watches with smart technology are also propelling the growth rate of the market. However, high production cost is resulting to increase in inventory is restraining the global luxury watch market. Counterfeit products by different local players is also a major threat to the global luxury watch market.

Additionally, rising demand for premium quality luxury watches in developing regions such as Asia Pacific is projected to generate opportunity for the global luxury watch market during the forecast period.

In the region-wise study, the global luxury watches market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe which comprises Germany, France, Italy, the U.K., and Switzerland among the other countries dominated the global luxury watch market owing to the rising demand for premium quality products amongst the population. Switzerland compared to the other countries in Europe dominated the market and also enjoys a position of monopoly. For instance, Rolex is considered to be the most valuable watch brand of Switzerland. Additionally, Asia Pacific which comprises China, India Japan, and Australia is likely to show the fastest growth rate during the forecast period. China compared to the other countries in Asia Pacific grabbed a larger part of the market share owing to the presence of large number of manufacturers.

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The luxury watch market comprises several key players who are highly competitive in nature. With the changing consumer tastes and preferences, manufacturers are focused on developing high end watches. Some of the major participants of this market include LVMH, Richemont, Swatch Group, Rolex, Burberry, Breitling, Festina, Fossil Group, Seiko Watch, Patek Philippe, and Chopard International among others.

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Military Aircraft Battery Technology Market Growth, Opportunities Analysis and Forecast to 2025

The military aircraft manufacturers are witnessing high demand of lithium based batteries on the aircraft. This is due to the capabilities offered by lithium based batteries such as increased efficiency and rechargeable capabilities. This has led the aircraft manufacturers to integrate the aircrafts with lithium based batteries. The increasing demand for lithium based batteries among the defense forces are acting as a driving factor for the military aircraft battery technology market.

In addition, the warfare scenario has changed a lot over the years, owing to this, the defense forces are adopting technologically advanced aircrafts in order to combat the enemy efficiently. This is demanding for lightweight and fuel efficient power batteries on the aircrafts. Hence, the changing warfare scenario and high rate of adoption of next generation military aircrafts are also boosting the growth of market for military aircraft battery technology over the years.

The major challenge faced by the military aircraft battery manufacturers is the increasing concerns regarding the thermal problems associated with lithium based batteries. The lithium based batteries or Li-ion batteries are highly efficient for prolonged usage and are rechargeable, however, at the same time, the batteries generate huge heat which causes thermal problems on the aircraft. This is a major concern among the defense forces across the globe, which in turn is leading to limited procurement of military aircrafts with lithium based batteries. This is acting as an inhibiting factor for the growth of the market in the future.

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The military aircraft manufacturers are witnessing a huge demand for electric aircrafts, which is anticipated to impact positively on the growth of the market for military aircraft battery technology market. The manufacturing companies along with the defense forces across the globe are researching on development of electric aircraft for usage in defense sectors.

The market for military aircraft battery technology is segmented on basis of types and geography. The various types of batteries used in military aircrafts are lithium based batteries, lead based batteries and nickel based batteries. The lithium based batteries are the most widely used batteries on any modern military aircrafts. This is due to their enhanced efficiency and rechargeable capabilities which provide increased usage time in portable devices. In addition, the lithium based batteries are the most prominent source of backup power in the auxiliary power units and forward electrical bay. This factor is also acting as a bolstering factor for the growth of lithium based batteries in the military aircraft batteries market. Moreover, owing to these facts, the lithium based batteries are also expected to witness a significant growth in the coming years.

Geographically, the military aircraft battery market is segmented on basis of five region globally. The five region across the globe includes, North America, Europe, Asia Pacific, Middle East and Africa and Latin America. The most significant market for military aircraft battery accounted for North America, followed by Europe. The United States Department of Defense is investing huge amounts in developing lightweight, technologically robust military aircraft batteries. This factor is helping the region to lead the market and is expected to dominate in the coming years. Countries in Asia Pacific such as China, India, and South Korea among others are also investing significant amounts in developing and procuring advanced military aircraft batteries. This factor is boosting the market in the region at a faster pace.

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The major participants operating in the market for military aircraft battery across the globe are listed as Saft (France), Tadiran Batteries GmbH (Germany), Sion Power (United States), Cella Energy Limited (United Kingdom), Concord Battery Corporation (United States), Teledyne Technologies Inc. (United States), GS Yuasa International (Japan), EaglePitcher Technologies, LLC (United States) and Gill Batteries (United States) among others.

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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Air Purification Systems Market Comprehensive Analysis and Forecast 2027

The global air purification systems market is expected to grow with a CAGR of 11.2% from 2019 to 2027. The global air purification systems market in developing regions is primarily driven by the increasing urbanization and industrialization especially in China and India along with the degrading air quality, followed by growing concerns regarding harmful effects of air pollution on human health in these countries.

Obligation to follow strict laws pertaining to toxic emission control is also a major factor contributing to the growth of air purification systems. Emerging economies such as China and India are going to be a major market for air purification systems. Rising concerns are related to health such as asthma, respiratory disorders, and allergies due to degrading air quality. Government initiative to control the air pollution create lot of opportunity for new entrants and existing manufacturers

Dust collectors (exhaust filtration) remove dust impurities and other allergen particles from air or gas. There is increased demand for this type of air purification system and it will continue to dominate the market due to increasing industrial and commercial activities in different regions. The major reason for the growth of this segment is the need to make indoor air dust free from impurities.

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Some of the key players in presented in the report are Camfil Group, 3M Company, Philips Electronics N.V., Panasonic Corporation, Mann+Hummel, LG Electronics Inc., SPX Flow, Clarcor Inc., Honeywell International Inc., and Whirlpool Corporation.

Global air purification systems market size was valued US$ 8.45 Bn in 2018 and expected to reach US$ 21.9 Bn in 2027. North America was valued to be the largest region in 2018 and expected to maintain its dominance in coming years.

Haze is produced in the atmosphere through forest fires, burning of agriculture products and dry weather. Haze is a major problem in South East Asia and other Asia Pacific regions. Rising incidents of haze is a major factor leading to increasing demand for air purifiers in Asia Pacific region.

Air pollution causes health hazards such as severe asthma, throat irritation, burning sensation in eyes, bronchitis, and allergic respiratory disorders. Therefore, it is vital to maintain clean and healthy air in residential and commercial environment. This is likely to boost the demand for air purification systems. Long-term sick people, elderly and children are majorly affected by health hazards caused by air pollution. Residential air purifiers are mainly purchased for the above consumer segments.

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In terms of region, Asia Pacific is projected to lead the global air purification systems market. Increasing building and construction projects in China, India, Japan, and other countries is the major factor behind the rise of air purification systems in Asia Pacific. Moreover, rising cases related to health including asthma and other respiratory cases have also lead the demand for air purification systems in this region.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Air Purification Systems Market (Technology – HEPA Purifier, Ionic Purifier, Electrostatic Precipitator, UV Light Purifier, Activated Carbon Purifier; Impurity – Oil and Mist Collectors, Smoke Collectors, Fume Extraction, Exhaust Filtration; End use – Residential, Commercial, Industrial) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027”.

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Industrial Floor Scrubber Market Growth, Demand, Opportunities & Forecast To 2030

Transparency Market Research delivers key insights on the global industrial floor scrubber market. In terms of revenue, the global industrial floor scrubber market is estimated to expand at a CAGR of ~9% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global industrial floor scrubber market report.

In the report, TMR predicts that the global industrial floor scrubber market would be largely driven by factors such as increase in healthcare services and rising health concerns. Rise in demand for floor scrubbers due to the current outbreak of COVID-19 (as it helps in improving sanitation operations), adoption of green and sustainable technology, and penetration in developing nations are set to drive the global industrial floor scrubber market during the forecast period.

According to the industrial floor scrubber market report, the product type segment includes ride- on scrubbers, robotic scrubbers, and walk-behind scrubbers; the application segment comprises government, health & pharmaceuticals, hospitality, manufacturing & warehousing, retail & food, transportation, and others. In terms of product type, walk-behind industrial floor scrubbers account for major share. Increase in spread of coronavirus in various countries coupled with affordability, low maintenance cost, and easy operation for small and confined spaces contributes majorly to the expansion of this segment. The segment is projected to expand at a significant rate in the near future.

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Demand for ride-on and robotic floor scrubbers is anticipated to increase during the forecast period. This can be attributed to increasing demand for more efficient products and rising labor shortage in developed countries. Additionally, demand for automatic and self-sufficient floor scrubbers are anticipated to increase during the forecast period with manufacturing units, warehouse units, and other commercial units becoming larger.

In terms of application, the manufacturing & warehousing segment accounted for 42.1% of the market share in 2019. The global outbreak of coronavirus has resulted in closure of many manufacturing companies, which has impacted the growth of the industrial floor scrubbers market in 2020.

The traditional method of cleaning is time consuming and tiresome. Floor scrubbers provide an easier cleaning process, quicker dry times, covers large surface areas, and better efficiency. Floor scrubbers have less maintenance and operational cost, which will help to drive the market during the forecast period.

Design teams of companies in the industrial floor scrubbers market have already began work in the sphere of robotics to meet the needs of clients. For instance, Avidbots is gaining increased recognition in the industrial floor scrubber market for its first-of-its-kind Neo Version 1.7 autonomous floor scrubbing robot that boosts productivity levels across industries. Manufacturers are increasing efforts to integrate the industry’s highest quality motors and actuators to deploy long battery life in autonomous floor scrubbing robots.

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End users are spoilt with a plethora of options in industrial floor scrubbers. Comac SpA-a European manufacturer of industrial scrubbing machines, is increasing its marketing efforts to increase the uptake of its Comac C85 Non Stop Cleaning (NSC) machine that recycles water used for floor cleaning. Thus, the act of recycling water in cutting-edge industrial floor scrubbers is boosting the credibility of companies that help to reduce the ecological impact of cleaning operations.

Manual cleaning is highly preferred to reach small spaces and tight corners, which is virtually challenging in conventional industrial floor scrubbers. However, mopping hard floors can leave the floors wet for a long time, resulting in slips and trips and undesirable mess when people cross over wet surfaces, thus rendering the main motive of cleaning as inefficient. Hence, companies in the industrial floor scrubber market are capitalizing on the limitations in manual cleaning to boost sales of their machines.

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Manual Cutting Equipment Market Trends And Opportunity Areas – Analysis Forecast By 2026

The global manual cutting equipment market is expected to grow at a moderate growth rate, says Transparency Market Research (TMR). Companies present in the manual cutting equipment market are putting efforts to diversify their product portfolio through research and development activities. They are also getting into mergers and acquisitions with other players in the market that will help them gain larger number of customers and increase their geographical reach.

The report also covers the various aspects of the market, which include product synopsis, innovations, financials, development, and business strategies by the players in the market. Some of the key players in the market are Lincoln Electric Company, Colfax Corporation, Matheson tri-gas Inc., Fronius international GMBH Illinois Tool Works Inc., Gentec, Messer group, Air Liquide, Linde group, and GCE holding AB.

According to report, the manual cutting equipment market is estimated to reach a market valuation of US$ 2.2 bn by the end for forecast period 2017 to 2026. The market is expected to rise at 3.0% of CAGR during same course of time. Under the application category, others segment have the largest market share and is leading the market.

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However, during the forecast tenure automotive and transportation segment is projected to expand at 3.8% of CAGR. As per the regional analysis, North America is estimated to lead the market with high market valuation. Asia Pacific is expected to attain the second position after North America. Combined regional growth for these two regions is estimated to reach up to US$ 0.6 bn by end of the forecast period.

Increasing Demand for Repair and Maintenance Activates to Boost Market

During the last few years, construction sector and automotive industry have increased the demand for manual cutting equipment. In addition, rising need for maintenance and repair activities have grown the demand for the manual cutting equipment. Higher use of this equipment in renewable energy sector and in oil and gas industry pushed the demand further for this market.

Considering other factor, resulting in the growth of manual cutting equipment market are increasing per capita income in the middle-income group, which has grown the purchasing power of the consumers. Moreover, the significance of manual cutting equipment is seen in automobile manufacturing industry, construction activities, and in production of crude steel, propelling the need for manual cutting equipment market.

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High Cost of Cutting Equipment to Restrict Market Growth

On the other hand, there certain factors that may hamper the growth of the manual cutting equipment market. High cost of cutting equipment is one of the major concern that is expected to restrict the market. Moreover, difficulty faced at the time of setting up the cutting equipment may also restrict the market to grow at its full potential. However to minimize these restraints players are putting efforts to provide better product offerings. They are equally putting efforts in research and development activities that will help in getting new products in the global manual cutting equipment market.

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Construction Camera [Time Lapse Camera] Market: Industry Potential, Trends and forecast 2021 – 2030

Transparency Market Research delivers key insights on the global construction camera (time lapse camera) market. In terms of revenue, the global construction camera (time lapse camera) market is estimated to expand at a growth rate of 8% during the forecast timeline, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global construction camera (time lapse camera) market report.

In the report, TMR predicts that the global construction camera (time lapse camera) market would be largely driven by factors such as rise in construction or infrastructure development activities. Increasing trend of using advance intelligent security solutions is projected to create new opportunities for construction cameras (time lapse cameras) in the near future.

According to the construction camera (time lapse camera) market research report, based on product type, the market includes fixed camera, PTZ (Pan-Tilt-Zoom) camera, indoor camera, and mobile camera trailers. Fixed cameras are anticipated to dominate the global construction camera (time lapse camera) market. In terms of power, AC and DC power driven cameras accounted for around 76% market share in the year 2019. In remote locations and job sites, where supply of electricity is inconsistent, installation of solar-operated time-lapse cameras are considered the preferred option for end users.

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Based on application, jobsite progress monitoring is considered the preferred choice of end users in recent years. This segment dominated the market in the year 2019. In terms of distribution channel, the offline mode of distribution held over 67.5% of the market share in terms of value in the year 2019. However, the online mode of distribution is projected to expand rapidly during the forecast period.

Construction Camera (Time Lapse Camera) Market: Drivers, Opportunities, and Restraints

The major driving factor for the construction camera (time lapse camera) market is the evolution in the construction industry and rapid increase in number of infrastructure development projects in emerging economies of the globe. Advancement in terms of technology and launch of construction cameras (time lapse cameras) with innovative features is anticipated to create new business opportunities for manufacturers and distributors of construction cameras (time lapse cameras) in the near future. Live jobsite monitoring, customized time lapsing, and 24/7 intelligent security with motion alerts has made things simple for project managers, owners, and other prominent stakeholders of the business.

In the light of the growing COVID-19 (coronavirus) threat, companies in the construction camera (time lapse camera) market are improving their production capabilities in infrared (IR) sensors and thermal cameras to monitor the temperature of workers at construction sites. Companies in the construction camera (time lapse camera) market are increasing efforts to flatten the curve of surging SARS-CoV-2 patients to implement strong and protective measures, while trying to keep the economy going. As such, construction sites in several countries are temporarily shutdown to break the chain of coronavirus.

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Construction cameras (time lapse cameras) built with IR spot sensors that store simple temperature values and are fully compliant with privacy policies of contractors. The non-contact infrared thermometry temperature measurement is helping project managers to contain the spread of COVID-19 among workers and employees. There is a growing need for accurate skin temperature scanning for workers and managers alike.

Companies in the construction camera (time lapse camera) market can capitalize on the need for accurate skin temperature scanning via IR sensors in cameras to help contain the spread of COVID-19 among construction workers. Vendors are collaborating with installation companies to tap opportunities in international markets.

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Etching Machine Market to Witness Strong Growth Over 2021-2030

 

• An etching machine is used to remove layers or to change the surface of an object and to create a permanent etched image on the surface by using laser, chemicals or acid, electric current, plasma, etc.
• Etching machines are used in electronic components, integrated circuits, plastic packaging, and mobile communications. Etching machines are used in different sectors to mark component labeling, barcodes, serial numbers, date codes, and individual part numbers.
• The global etching machine market is projected to expand at a rapid pace during the forecast period, due to increasing demand for etching machines from the semiconductors sector.

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Global Etching Machine Market: Dynamics

• Rise in demand for electronics products among consumer generates the demand for chips, which is indirectly expected to increase the demand for etching machines during the forecast period.
• Shift from manual etching machines to automated etching machines by end-users is anticipated to propel the etching machine market in the next few years.
• Stringent government regulations regarding workplace safety is anticipated to boost the demand for etching machines in end-use industries during the forecast period
• Growing demand for hybrid circuits among medical, military, photonics, and wireless electronics applications is expected to boost the demand for etching machines.
• Increasing demand to reduce operation time and increase production capacity, and rising need to improve the reliability and stability of machinery at different locations are some of the major factors projected to boost the global etching machine market in the next few years.
• Increasing adoption of Internet of Things and the growing Internet of Things (IoT) projects is a major factor driving the usage of etching machines. This is estimated to propel the market during the forecast period.

Impact of COVID-19 on the Global Etching Machine Market

• Increasing cases of COVID-19 across the globe is resulting in economic slowdown. The impact of COVID-19 is being absorbed in each sector of the economy, including the global semiconductor industry. However, COVID-19 does not highly affect the demand for equipment. For instance, in April 2020, Palomar Technologies announced that it is experiencing demand for manufacturing critical semiconductor components. The company saw acceleration of orders of its 3880 etching machine for remote machine equipment, medical devices, and robotics. Hence, demand for equipment has not dropped due to COVID-19. This, in turn, is projected to propel the global etching machine market in the next few years.

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North America to Hold Major Share of the Global Etching Machine Market

• In terms of region, the global etching machine market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• North America dominated the global etching machine market in 2019, due to presence of well-established and technologically advanced manufacturers in the region. The U.S. is a key market in North America, due to increasing production of electronics in the region.
• The etching machine market in Asia Pacific is projected to expand at a rapid pace during the forecast period. This can be attributed to mass production of electronic products, such as wearable devices, smartphones, and white goods, in China and Taiwan.

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