Pulp Molding Machines Market Size Worth $913.6 Million By 2027

The global pulp molding machine market size is expected to reach USD 913.6 million by 2027 registering a CAGR of 3.9%, according to a new report by Grand View Research, Inc. The growth of this market can be attributed to the increasing demand for sustainable disposables, especially in the food & beverage and electronics industries.

Molded pulp packaging products, such as trays, clamshells, bowls, and plates, are widely used in the food packaging industry. Rising awareness about the benefits of leading a healthy lifestyle and consuming organic foods, such as fruits, is anticipated to drive the demand for pulp molding machines over the forecast period.

Growing demand for Ready-to-Eat (RTE) meals, on-the-go snacks, and single-serve packs are expected to further benefit market growth. In addition, growing concerns about single-use plastics and increasing demand for sustainable packaging solutions from both consumers and foodservice operators are anticipated to have a positive impact on market growth.

Pulp molding machines are used in the manufacturing of a wide variety of packaging products, which have high demand from end-use industries, such as electronics, healthcare, food packaging, and food service. Moreover, in industrial space, molded pulp packaging products are primarily used for packaging faucets, plumbing fixtures, and door hinges, which is likely to drive the demand further.

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https://www.grandviewresearch.com/industry-analysis/pulp-molding-machine-market

Further key findings from the report suggest:

  • The automatic machine was the leading segment and accounted for 46.3% of the total market share in 2019 owing to high flexibility and productivity and low maintenance costs of these machines
  • Rotary type machine segment is anticipated to register a CAGR of 4.0% over the forecast period owing to high productivity and low energy consumption and operating costs of these machines
  • The electronics end-use segment is estimated to register the highest CAGR of 5.4% from 2020 to 2027 on account of the increasing use of molded pulp products for the packaging of various electronic products, including mobile phones, computers, printers, and modems
  • Asia Pacific was the largest regional market in 2019 owing to increased use of disposable packaging solutions in emerging economies, such as China, India, and South Korea
  • Presence of local companies in the APAC region poses a substantial threat to the large-scale multinationals with a global presence, in terms of product quality and prices

3D Printing Materials Market Worth $3.8 Billion By 2025

The global 3D printing materials market size is expected to reach USD 3.8 billion by 2025, growing at a CAGR of 23.9%, according to a new report by Grand View Research, Inc. Extensive R&D and technological advancements in 3D printing technologies is expected to fuel the market growth over the forecast period.

Expansion of various industries including automotive, aerospace and defense, medical, and others across the globe is projected to benefit the market growth. In addition, rising demand for 3D printing materials such as photopolymers, metals, thermoplastics, and ceramics owing to its superior strength and durability is estimated to drive the industry growth.

The demand for low cost mass manufacturing to reduce lead time and to enhance the quality and efficiency of the resultant product has emerged as the primary reason for growing popularity of the technology across all industries. In addition, factors such as low component weight and the ability to print cheaper equipment on demand and in less time is expected to drive the market.

3D printing materials are expected to witness strong growth owing to the widespread applications including consumer, aerospace and defense, healthcare, and industrial. Growing number of efforts and investments in the Asia-Pacific market owing to the presence of developing economies such as China, India, and Indonesia is expected to create a favorable scenario for the market growth.

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https://www.grandviewresearch.com/industry-analysis/3d-printing-materials-market

Further key findings from the report suggest:

  • The photopolymer segment accounted for the largest market share of 38.1% in terms of revenue in 2018, as it provides high resolution and can be used to print most complex models
  • The aerospace and defense application segment is anticipated to witness a CAGR of 25.3% from 2019 to 2025 owing to factors such as enhanced manufacturing process and reduced lead time as compared the traditional process
  • The Asia Pacific market is estimated to exhibit a CAGR of 28.6% from 2019 to 2025 on account of rapid expansion of industries including automotive and consumer products coupled with increased spending power
  • China is anticipated to witness a CAGR of 25.8% from 2019 to 2025 owing to the expansion of the industrial sector coupled with rapid adoption of 3D printing technology
  • 3D printing materials Market participants across the globe have increased their R&D spending in order to develop highly efficient products for various applications.

Marine Composites Market Worth $5.29 Billion By 2025

The global marine composites market size is anticipated to reach USD 5.29 billion by 2025, registering a 5.0% CAGR over the forecast period, according to a new report published by Grand View Research, Inc. The market is anticipated to be driven growing demand for corrosion resistant, high strength, and light weight parts in shipbuilding industry.

Composites materials have the potential to reduce maintenance and fabrication costs, enhance aesthetic appeal, increase reliability, and reduce the component weight. The market for marine Composites is highly influenced by rising demand for fuel efficient and high-speed power boats which is projected to boost the market demand over the forecast period.

Based on Composites, polymer matrix Composites is expected to dominate the market over the forecast period owing to the high strength, excellent corrosion resistance, light weight, and impact resistance, which makes it more suitable to use in marine industry. Ceramic matrix Composites is expected to be the fastest growing segment during the forecast period.

Demand for marine Composites is cruise ships are expected to witness substantial growth over the forecast period. The segment is expected to register a CAGR of 4.4% from 2019 to 2025. Power boat is expected to be the second largest vessel type segment accounting for 18.4% of revenue share in the marine composites market. Increasing demand for lightweight, high strength, impact resistance material in power boats expected to boost demand for marine Composites over the forecast period.

In terms of revenue, Asia Pacific expected to have highest demand for marine Composites owing to the increasing demand for recreational boats in China, India, South Korea, and Japan. In 2018, the region is expected to account for 39.0% of the overall market share. Europe was the second largest market and expected to grow with a CAGR of 3.26% over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/marine-composites-market

Further key findings from the report suggest:

  • Ceramic matrix Composites projected to grow significantly, registering a CAGR of 5.5% over the forecast period, while polymer matrix Composites is anticipated to dominate the market
  • The demand for carbon fiber polymer matrix Composites expected to be valued at USD 796.3 million in 2018 owing to the high-performance characteristics of the materials including lightweight and high strength
  • Power boat is anticipated to be one of the largest vessel type segment and is expected to register a CAGR of 3.8% for 2019 to 2025 owing to the increasing demand in commercial and hospitality industry
  • China marine composites market was anticipated to be valued at USD 321.4 million in 2018. Growing power boats and recreational boat industry expected to drive the market
  • Market players are striving to reduce the cost of the Composites by reducing the cost of material to increase their adoption in the marine application such as ships and powerboats

Neurostimulation Devices Market Size Worth $12.6 Billion By 2026

The global neurostimulation devices market size is expected to reach USD 12.6 billion by 2026 registering a CAGR of 12.5%, according to a new report by Grand View Research, Inc. Increasing prevalence of chronic diseases, such as migraine and epilepsy, due to unhealthy diet and lifestyle and rising geriatric population is expected to be the major growth-driving factor for the neurostimulation devices market. However, adverse effects and risks associated with neurostimulation devices and stringent regulations regarding product approval are expected to hamper the growth.

Increasing incidence of Road Traffic Accidents (RTAs) is another factor driving the product demand. Moreover, manufacturers are investing in R&D to develop new products with advance technology, such as MRI safety incorporated devices by Medtronic Inc. and minimally invasive transdermal neuromodulation technology by Neurowave Medical Technologies.

Asia Pacific is projected to be the fastest-growing regional market on account of rising healthcare expenditures and rapid economic growth in emerging countries, such as India and China. Presence of unmet medical needs and untapped markets are also boosting the market growth in the region. Moreover, changing lifestyle and eating habits resulting in various lifestyle-related diseases will contribute to the growth. Increasing RTAs and resultant nerve injuries, which require neurostimulation postoperatively, are also likely to boost product demand.

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https://www.grandviewresearch.com/industry-analysis/neurostimulation-devices-industry

Further key findings from the study suggest:

  • North America is estimated to lead the neurostimulation devices market over the forecast period due to rising product demand as an add-on therapy and high disposable incomes and patient awareness levels
  • Presence of sophisticated healthcare infrastructure and growing prevalence of target diseases, such as epilepsy, Parkinson’s disease, and incontinence, are expected to drive the market further
  • Spinal cord stimulation products led the market in 2018 as they were the prime neurostimulation products to be commercialized. The segment further is estimated to maintain the dominance throughout the forecast period
  • Pain management was the dominant application segment, in terms of revenue share, in 2018 due to high prevalence of chronic pain disorders and extensive product usage for pain management
  • Some of the key companies are Medtronic PLC; St. Jude Medical; Boston Scientific Corp.; Cyberonics, Inc.; and Nevro Corp.
  • New product and technological development is the key business strategy followed by most if these companies

RFID Smart Cabinets Market Worth $1.5 Billion By 2026

The global RFID (Radio-frequency Identification) smart cabinets market size is expected to reach USD 1.5 billion by 2026, according to a new report by Grand View Research, Inc. expanding at a CAGR of 11.6% over the forecast period. The rising need for proper inventory management in hospitals as well as pharmaceutical companies has led to increased demand for RFID smart cabinets and thereby market growth.

The advantages associated with RFID smart cabinets include data accuracy, real-time tracking, and lesser inventory waste & equipment losses. These factors decrease the operational costs of hospitals and pharmaceutical companies, and therefore, the hospitals have started to adopt RFID smart cabinets for tracking of various items across the globe.

The medical devices used for surgeries and other medical procedures are expensive therefore require proper maintenance and tracking of these high value hospital inventory. RFID smart cabinets have enabled hospitals to eliminate the costs by avoiding misplacement, theft of expensive medical devices, and tracking the expiration of high value drugs. By deploying RFID smart cabinets various companies have controlled the operating cost.

North America dominated the Radio-frequency Identification (RFID) smart cabinet market due to the local presence of market players, government initiatives, availability of innovative products, and advanced healthcare infrastructure. Increasing demand of RFID smart cabinets is expected to propel growth at the strong rate with a CAGR of 11.6% from 2019 to 2026.

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https://www.grandviewresearch.com/industry-analysis/rfid-industry

Further key findings from the report suggest:

  • The U.S. accounted for the largest share in North America due to local presence of market players and government support for the better infrastructure in healthcare. WaveMark Inc., Terso Solutions, Mobile Aspects, and Solstice Medical are some of the major players in the U.S.
  • The industry in Asia Pacific is projected to witness strongest growth during the forecast period owing to growing investment by several clinics and pharmaceutical companies, increasing healthcare expenditure, and rising awareness about RFID smart cabinet.
  • India is expected to witness the fastest growth rate in Asia Pacific due to implementation of supportive regulations, growing awareness, and increasing export due to compliance with global standards and cost effectiveness of devices
  • Economic development in Latin America and investment by pharmaceutical and medical devices companies are likely to propel the market growth. Furthermore, free trade agreements and proximity to North America helps to boost the market growth.
  • Some key major players include in RFID Smart Cabinets Market are WaveMark, Terso Solutions, Solstice Medical, Mobile Aspects, LogiTag, Tagsys, and GRIFOLS. The market is dominated by the regional players and they are competing on the basis of price and technology. Increasing adoption of RFID smart cabinets in hospitals along with the pharmaceutical and medical device manufacturers for inventory management is likely to drive the market in coming years.
  • In June 2018, Prodigy Health, a drug distributor company, announced their purchase & license contract for their Prodigy Connect Real RFID solution.
  • In June 2019, LogiTech reported that over 90% of hospitals in Israel deploy RFID technology for the management of medical supplies.

Enteral Feeding Devices Market Size Worth $3.58 Billion By 2025

The global enteral feeding devices market size is expected to reach USD 3.58 billion by 2025, at a CAGR 5.8% over a forecast period, according to a new report by Grand View Research, Inc. It is majorly driven by rising incidence of malnutrition and pre mature birth cases, prevalence of chronic disorders such as gastrointestinal disorders, cancer and neurological disorders.

Furthermore, the shift from parenteral nutrition to enteral feeding is one of the factors gaining a significant traction in the market. This is owing to the increased risk of infections due to needle stick injuries during parenteral nutrition, whereas enteral nutrition is administered directly in the gastrointestinal tract. Moreover, older patients diagnosed with chronic diseases such as cancer, inherited metabolic disease and neurological disorders are recommended with enteral nutrition. Thus, rise in the number of admissions in hospitals due to increase in the number of patients diagnosed with chronic diseases are in turn driving the demand for enteral feeding, fostering the market growth.

In 2018, World Health Organization (WHO) stated that around 15 million preterm babies are born each year and this number is constantly rising and approximately 1 million children die each year due to preterm birth complications. Furthermore, over 60% of preterm births occur in Africa and South Asia due to increasing maternal age and underlying maternal health problems such as diabetes and high blood pressure. However, one of the major concerns with premature infants is swallowing and intake of proper nutrients. Therefore, demand for enteral feeding devices has gained a significant traction to provide adequate amount of food to for the growth and development of these infants.

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https://www.grandviewresearch.com/industry-analysis/enteral-feeding-devices-industry

Further key findings from the report suggest:

  • In 2018, enteral feeding pump held the largest revenue share and is also expected to be the fastest growing segment over the forecast period, owing to the adoption of the device among patients who lacks key micronutrients
  • Nasogastric tubes held the second largest revenue share owing to the adoption of these tubes for providing medicinal and nutritional support to the ill patients
  • Introduction of low profile gastronomy devices or balloons has changed the way enteral feeding is performed. It has made the feeding and carrying the tube easy and incident free. These factors are expected to boost the adoption of low profile gastronomy tubes
  • North America held the largest revenue share of the enteral feeding devices market owing to the rising number of pre term births
  • Asia pacific expected to emerge at the fastest CAGR over the forecast period owing to the growing geriatric population and prevalence of malnutrition
  • Key players include CONMED Corporation; Abbott Nutrition; Kimberly Clark; Amsino International Inc.; Boston Scientific Corporation; Cook Medical; Moog Inc.; and Danone Medical Nutrition.

Cleaning Robot Market Size Worth $6.2 Billion By 2025

The global cleaning robot market size is expected to reach USD 6.2 billion by 2025, registering a revenue-based CAGR of 14.6% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The rising penetration of technologies such as Artificial Intelligence (AI), and Virtual Reality (VR) is a major factor driving the market growth. In addition, the higher costs of mopping labors in emerging countries is boosting the demand for robotic vacuums. Proliferation of robotics technology for mopping purpose and technological advancements such as gesture controlled and voice based technology are likely to drive the market growth.

Vacuum robots have gained a wide reception in the past few years as consumers exhibit a constant demand for smart gadgets over traditional devices. Continuous improvement in software and hardware technology has enabled the industry to reveal enhanced robotic appliances for household mopping purposes. Pricing is another aspect for consumers to have a high preference for robotic vacuums since there are multiple variants available within reasonable price range. Also, the lack of manpower for household mopping purpose is driving the demand for robotic vacuums. Therefore, this trend is anticipated to boost the demand for automated and manual vacuums.

Recent innovations in the robotic cleaning technology such as voice command, Bluetooth tethering and VR features are driving the market. For instance, RX-V100 comes with a speech recognition AI engine that helps the end users to communicate with the device. It works in automatic mode and possesses a set of built-in messages. Bosch Roxxter is another example of AI enabled robotic vacuum that uses AI to draw collaborative maps of surroundings. Furthermore, the manufacturers are emphasizing on establishing partnerships with developers of virtual assistant systems for enhancing the performance of vacuum machines. For instance, ECOVACS has established a partnership with Amazon.com through which ECOVACS will make its Ecovacs DEEBOT N79S compatible with Amazon Alexa.

The Europe region is expected to grow significantly over the forecast period owing to the increasing adoption of robotic vacuums in various industries and sectors such as automotive, logistics and transportation, healthcare, and retail. The growing popularity of Robot as a Service (RaaS) through which companies such as Avidbots offer rental services for providing mopping solutions bodes well for the growth of the region. For instance, Avidbots offer rental services on hourly basis for commercial premises.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/cleaning-robot-market

Further key findings from the report suggest:

  • The floor cleaning robots segment is expected to exhibit high CAGR over the forecast period owing to increasing adoption in mopping residential and commercial buildings
  • Growing labor charges for household mopping and consumer inclination towards automation in home appliances is expected to drive the growth of the in-house segment
  • The automatic charging segment is expected to grow significantly over the forecast period due to the increasing adoption of robotic vacuums for scheduled cleaning in residential applications
  • The adoption of Radio Frequency Identification (RFID) technology in autonomous vacuums has enhanced the performance of autonomous machines that bode well for the growth of self-drive robots
  • The commercial segment is anticipated to grow significantly over the forecast period owing to increasing adoption in commercial buildings such as shopping malls, movie theatres, and hotels
  • The key players operating in the market include Ecovacs Robotics, Inc.; ILIFE Robotics Technology; iRobot Corporation; LG Electronics; Maytronics; Milagrow Business and Knowledge Solutions (Pvt.) Limited; Neato Robotics, Inc.; Nilfisk Group; Pentair plc; and Samsung Electronics Co., Ltd.

Warehouse Robotics Market Worth $6.46 Billion By 2025

The global warehouse robotics market size is anticipated to reach USD 6.46 billion by 2025, expanding at a CAGR of 11% over the forecast period, according to a new report published by Grand View Research, Inc. The rapidly growing e-commerce industry and intensifying pressure on warehouses from the consumers about quick and proficient deliveries are expected to drive the growth.

The market for warehouse robotics has gained prominence in the past decade, owing to the increasing need to automate the distribution centers so as to attain efficacy, reduce operational costs and time, and ease the labor-intensive tasks. Robots assist in reducing the time of order-to-delivery stretch, consignment packaging errors, and the need for the reverse supply chain. Businesses are continually investing in automation systems for their facilities to address concerns, such as high turnover of people and labor shortage.

The flourishing start-ups in the Asia Pacific-particularly in India and China-primarily involved in the e-commerce sector, are generating more demand for warehouse robotics owing to the growing consumer trend of online shopping and dynamic funds provided by the venture capitalists. Companies are expected to be highly inclined toward deploying mobile robots, owing to their inherent ability to navigate in the facility by deciding an optimum route without human supervision by using sensors.

The demand for robotic systems in material handling is expected to widen their application base. The continuous innovations which help them to enhance logistics processes, have greatly assisted in countering the lack of productivity associated with aging workforce. Moreover, robotic technologies are evolving in competencies and turning out to be more affordable. Hence, the warehouse robotics market is anticipated to witness substantial growth over the forecast period.

However, factors the growth of the global warehouse robotics industry, which include the threat of job replacement and safety-related concerns may hinder the market growth in the forthcoming years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/warehouse-robotics-market

Further key findings from the report suggest:

  • The mobile robots product segment is projected to expand at the fastest CAGR from 2019 to 2025, due to the growing deployment of Automated Guided Vehicles (AGVs) and autonomous mobile robots in the warehousing industry owing to their better capability of enhancing the facility throughput
  • The Warehouse Control Systems (WCS) and Warehouse Execution System (WES) software segments are anticipated to witness rapid growth over the forecast period to manage and control the flow of inventory on several automation systems in a real-time manner and manage most of the supply chain operations
  • Asia Pacific and Middle East and Africa are expected to witness a substantial CAGR in near future, owing to the focus of governments on digital revolution and next-generation technologies, hence, fast-paced progress by leveraging the skills offered by robotic systems
  • The warehouse operators require on-demand automation, real-time monitoring, and natural navigation of robots to ensure enhanced safety in their facilities

Electric Vehicle Supply Equipment Market Worth $104.3 Billion By 2025

The global electric vehicle supply equipment market size is expected to reach USD 104.3 billion by 2025, registering a CAGR of 33.1% from 2019 to 2025, according to a new report by Grand View Research, Inc. The market is driven by development of charging equipment and infrastructure at various highway and destination locations such as hotels, shopping malls, and national parks. Growing demand for electric vehicle charging equipment is prompting manufacturers of charging equipment to innovate and launch new products. For instance, in 2017 Qualcomm Incorporated designed and built a wireless Dynamic Electric Vehicle Charger (DEVC) system capable of charging an electric vehicle (EV) dynamically at up to 20 kW at highway speeds (100 km/h).

Growing adoption of EVSE among logistics operators and FMCG manufacturers such as FedEx and Frito-Lay North America, Inc. is expected to drive demand over the forecast period. Frito-Lay North America, Inc. has installed charging stations at the Bronx, Albany, Rochester, Buffalo, and New Paltz. Moreover, various government agencies are providing funding to logistics companies for development of fleet charging stations. Besides this, increasing adoption of electric cars for shared electric mobility and development of autonomous electric cars is expected to drive the demand for EVSE for fleet charging.

Falling prices of lithium-ion batteries are expected to provide ample opportunities to electric vehicle manufacturers and in turn, drive the demand for EVSE. For instance, in March 2018, United Parcel Service (UPS) increased the number of electric vehicles in its fleet in London from 65 to 170 under the ‘Onsite Energy Storage Batteries’ initiative. The move is supported by a smart-grid charging technology developed under the ‘Smart Electric Urban Logistics (SEUL)’ project in partnership with Cross River Partnership and UK Power Networks. UPS envisages reducing its delivery costs and carbon emissions associated with its fleet of vehicles. These initiatives are expected to drive the demand for EVSE over the next few years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/electric-vehicle-supply-equipment-market

Further key findings from the report suggest:

  • The DC power segment is anticipated to register the fastest growth over the forecast period as a result of ongoing investments by governments in countries such as U.S., Germany, and France for the development of sustainable electric highways
  • The EV charging kiosk segment is expected to exhibit a high CAGR over the forecast period as a result of technological developments such as Near-Field Communication (NFC) and Radio Frequency Identification (RFID) for digital payments at EV charging stations
  • The super charging segment is expected grow significantly over the forecast period owing to rising emphasis of governments on setting up charging stations for e-buses
  • The destination charging application segment is expected to expand at a rapid pace over the coming years as a result of growing focus of automotive manufacturers for the development of electric vehicle charging stations at hotels, shopping malls, and resorts
  • Key players in market are AeroVironment Inc.; ABB Ltd.; ChargePoint, Inc.; ClipperCreek, Inc.; Chargemaster PLC; Eaton Corporation; Leviton Manufacturing Co., Inc.; Leviton Manufacturing Co., Inc.; Leviton Manufacturing Co., Inc.; and Siemens.

Bake Stable Pastry Fillings Market Size Worth $1.2 Billion By 2025

The global bake stable pastry fillings market size is expected to reach USD 1.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.8% over the forecast period. Increasing application of bakery ingredients in sweets and confectioneries as a result of increasing consumption of bakery and confectionery food products is expected to boost the industry growth in the coming years.

Increasing preference for filled pastries owing to rising inclination towards fruit and vegetable flavors has provided a wide scope for bake stable pastry fillings in the market. The fillings are enduring and stable in nature and does not melt in the baking process. Therefore, it has major application in filled pastries owing to its heat emerging properties, which does not alter the shape and volume of the food product while baking.

Moreover, increasing interest of consumers, particularly Asian countries, in the consumption of sweets due to the influence of the western culture has propelled the demand for the bread and bakery industry. Furthermore, shifting lifestyle trends, along with majority of the consumers shifting to urban areas as a result of urbanization, have widened the scope for convenience food. In addition, growing population of working professional acts as a key factor driving the bakery market, which, in turn, is increasing the preference for bake stable pastry fillings.

Fruit fillings held the largest share of more than 50.0% in 2018. Increasing preference for fruits and vegetables on account of health benefitting properties has driven the bake stable pastry fillings market. In addition, rising emergence of innovative flavors including different combination of fruits and cream such as apple pie pastry, red velvet with strawberry, mango and cream pastry, and other such flavors has widened the scope for bake stable pastry fillings in bakery food products. For instance, in April 2019, PURATOS have introduced two new flavors of filling with their Topfil product line. The flavors included are Topfil Select Blackcurrant and Hibiscus and Topfil Select Strawberry, Cucumber, and Mint fruit fillings.

In terms of revenue, Europe held the largest share of 34.4% in 2018. Increasing inclination towards consumption of sweets and confectionery is driving the bakery and confectionery industry. In addition, emergence of vegetable flavors in sweet bakery launches has increased the importance of bakery production in the market. In Europe, 1% of sweet bakery launches featured vegetable flavors in 2017. Therefore, this region witnesses the highest consumption of bread and bakery products, which as a result drives the market for bake stable pastry fillings.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/bake-stable-pastry-fillings-market

Further key findings from the report suggest:

  • By type, the fruits segment dominated the global market with an overall revenue share of over 50.0% in 2018. Nuts are projected to expand at the fastest CAGR of 5.3% over the forecast period
  • Europe dominated the global market in 2018, accounting for 34.4% share of the overall revenue. This trend is projected to continue over the next few years
  • Some of the key players operating in the market are Spanx Inc.; Adidas AG; Triumph International Corporation; Leonisa SA; Wacoal America Inc.; Ann Chery; 2XU Pty Ltd.; and Under Armour Inc.