Tag: Standard

Ceiling Fan Market Size Worth $12.5 Billion By 2025

The global ceiling fans market size is expected to reach USD 12.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% over the forecast period. Increasing popularity of technologically advanced smart fans with various add-on convenience features including voice control and smartphone access is expected to play a key role in expanding the market reach. Additionally, implementation of new government initiatives to ensure the electricity access to the rural areas in developing economies including China, India, Bangladesh, and Mexico is expected to expand the demand for ceiling fans over the next few years.

Standard product was the largest product segment in 2018. Consumers prefer to purchase these products due to its wide range of availability, coupled with cost effectiveness. Additionally, under this product category, the companies are introducing high speed and energy saving products to cater to the growing requirements from the residential and commercial segments.

Small size fan is projected to be the fastest growing category with a CAGR of 7.7% from 2019 to 2025. This product is used in small rooms to circulate air and decrease temperature. Growing urbanization has led to room space problem in metro cities, which will promote the utility of small size products in the upcoming years.

Asia Pacific is expected to remain one of the lucrative markets for ceiling fans over the next few years. Expansion in the population of middle-class income groups in emerging economies including China, India, Bangladesh, and Philippines is expected to remain a favorable factor, which, in turn, will promote the usage of the product. Furthermore, implementation of various policies by the governments of China and India aimed at ensuring the electricity access to the rural households at the domestic level is projected to open new opportunities for the ceiling fan industry.

Key ceiling fan manufacturing firms include Crompton Greaves, Emerson Electric Co., NuTone, Hunter Fan Company, Shell Electric MFG Co. Ltd., Big Ass Fans, Ajanta Electricals, Del Mar Fans & Lighting, Mega Home Appliances, and The Henley Fan Company Ltd. Some of the manufacturers are focusing on new product developments and alliance formation with distributors in order to expand their reach to the consumers. Moreover, they are expected to increase spending on the launches of advanced products including smart fans.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/ceiling-fans-market

Further key findings from the report suggest:

  • Medium size products generated a revenue of USD 7.1 billion in 2018
  • Online channel is expected to ascend at the fastest CAGR of 5.1% from 2019 to 2025 as it provides excellent convenience to the buyers
  • The residential application segment is expected to account for more than 70.0% share of global revenue by the end of 2025
  • Asia Pacific dominated the ceiling fan market in 2018, accounting for a share of 51.9% owing to high concentration of middle-income groups in countries such as China and India.

Pouches Market Size Worth $53.9 Billion By 2027

The global pouches market size is expected to reach USD 53.9 billion by 2027, expanding at a CAGR of 5.5%, according to a new report by Grand View Research, Inc. Rising demand for low-cost, convenient, shelf appealing, and lightweight packaging by end-use industries, including food and beverages, healthcare, personal care and cosmetics, and home care, is likely to fuel market growth.

Pouches demand lesser material, energy, and water during their manufacturing and thus prove to be significantly less expensive than rigid packaging solutions. In addition, lightweight and flexibility attribute for their lower transportation cost, due to which Consumer Products (CPG) companies are increasingly opting pouches over rigid tubes, containers, and boxes.

Flat pouches occupy lesser space in retail outlets and can be easily stacked upon each other; thus, more products can be displayed as compared to other packaging types. Furthermore, standup pouches on retail shelves prove to be more appealing to the consumers, and the packaging format also has a higher surface area on which high-quality graphics are printed, owing to which the product type easily grabs customer attention in retail outlets as compared to bottles and boxes.

Various closures such as a zipper, spout, and tear notch are utilized in pouches, which provide convenience in pouch opening and closing. In addition, the product is usually made up of plastic composite films, paper, and aluminum laminates that provide a strong barrier against moisture, light, odor, and bacteria due to which food and beverages are increasingly offered in the packaging.

The increasing demand for packaged food and beverage products and growing on the go food consumption trend owing to the changing lifestyle is expected to augment growth to the market in the forecast period.

In addition, due to features including portability and lower product weight, pouches are preferred packaging format for baby food products. The increasing working women population across the world is principally driving the demand for packaged baby food, which in turn expected to benefit the market over the forecast period.

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

Further key findings from the study suggest:

  • The food and beverage end-use segment accounted for a share of 55.3% in terms of revenue in 2019, owing to its wide scale incorporation of the product for the packaging of dairy, snacks, sauces, confectionery, beverages, and other food products
  • The aseptic treatment type segment is anticipated to witness a CAGR of 6.4% from 2020 to 2027 and is projected to reach USD 10.6 billion in 2027. Aseptic treatment type ensures that the product is free from bacteria and eliminates the need of refrigeration and thus proves to be cost-efficient
  • The stand-up type segment is expected to witness a highest CAGR of 6.3% from 2020 to 2027. Growing adoption of stand-up product type due to their marketing advantages and convenience of use are attributing to the growth of the segment
  • In Asia Pacific, the market is estimated to witness a CAGR of 6.5% from 2020 to 2027 on account of rapid growing packaged food industry and rising penetration organized retail
  • The market is highly fragmented with the presence of a large number of domestic as well as global players. key players are adopting merger and acquisition strategies to expand their manufacturing capabilities and geographical footprints.

Cervical Pillows Market Size Worth $5.07 Billion By 2025

The global cervical pillows market size is estimated to reach USD 5.07 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 5.10% during the forecast period. Growing prevalence of neck pain, increasing healthcare spending, and rising disposable income are among the major factors stoking the growth of the market. However, lack of awareness regarding cervical pain is anticipated to restrain the market over the forecast period.

At present, neck pain is one of the most common health problems. The neck is coordinated with the spine, nerves, and muscles. Any damage caused to muscles, nerves, or spine may affect the neck. Untreated neck pain can become chronic with time, generating pain in head, shoulders, and arms. As per the findings of the National Center for Biotechnology Information, approximately 20.3% of the world population reported neck pain in early 2017.

In addition, rising disposable income is enabling people to access improved healthcare facilities and treatments. According to the Office for National Statistics 2016, the disposable income of the populace in the U.K. has increased by 2.2% since 2015 and this has also boosted healthcare spending. Overall healthcare spending increased to 4.6% in 2015, according to Consumer News and Business Channel (CNBC).

Click the link below:
https://www.grandviewresearch.com/industry-analysis/cervical-pillows-market

Further key findings from the study suggest:

  • Water-based cervical pillows are likely to be the fastest-growing segment over the forecast period as these pillows reduce the intensity of pain, provide pain relief, and improve quality of sleep
  • The support cervical pillows segment is projected to dominate the market owing to the preference of these products for various reasons such as comfort during travel and improvement of sleep quality
  • The Asia Pacific cervical pillows market is poised to exhibit the highest CAGR over the forecast period owing to the rise in healthcare spending and disposable income in countries such as Japan and China
  • Some of the prominent companies operating in the market are Mediflow; Coop Home Goods; Custom Craftworks; Malouf; Snuggle Pedic; and Innocor, Inc.

Baby Cribs & Cots Market Worth $1.67 Billion By 2025

The global baby cribs & cots market size is anticipated to reach USD 1.67 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 4.6% from 2019 to 2025. Growing need for advance baby safety products is the key factor responsible for the growth of this market. Rising number of working individuals across developing regions, such as India, China, and Indonesia, is also projected boost the market growth.

In addition, increasing number of nuclear families in these countries will have a positive impact on the market development. Stringent safety standards incorporated by the U.S. Consumer Product Safety Commission (CPSC) have impelled manufacturers to develop products with advanced safety features. This is also anticipated to fuel the demand for baby cribs and cots, thereby augmenting market growth. For instance, in 2019, Shnuggle introduced Shnuggle Air Cot Conversion Kit, which helps convert bedside crib into a cot. The product is designed with dual view mesh sides, hypoallergenic fabrics.

The convertible cribs & cots product type segment is estimated to lead the market, accounting for the largest market share by 2025. These products can be easily converted into a standard one, day bed, children’s bed, double bed, and a small sofa. Moreover, these products are cost-effective and highly durable. In addition, product innovations in this segment are projected to drive the segment further. For instance, Kalani 4-in-1 Convertible Crib by DaVinci Baby, which can be converted into a toddler bed, day bed, and a full sized bed.

The online distribution channel segment is expected to witness the highest CAGR of 5.0% from 2019 to 2025. Rapidly expanding e-commerce sector, especially in emerging regions and increasing popularity of online retailers, such as Amazon, are estimated to boost the segment growth. In addition, extensive usage of smartphone devices and internet will also support segment growth. Asia Pacific is expected to be the fastest-growing regional market from 2019 to 2025 on account of rising number of working individuals and increased consumer disposable income levels.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/baby-cribs-cots-market

Further key findings from the study suggest:

  • Multifunctional cribs & cots product type is expected to be the fastest-growing segment over the forecast period
  • Offline distribution channel was the largest segment in 2018 and is estimated to expand further at a steady CAGR from 2019 to 2025
  • North America is expected to be the largest regional market accounting for a share of more than 31% by 2025
  • Top companies in the baby cribs and cots market are Goodbaby International Holdings Ltd.; Delta Children’s Products Corp.; Silver Cross; Storkcraft; Dream On Me, Inc.; Sorelle Furniture; Million Dollar Baby Co.; Natart Juvenile, Inc.; and Graco, Inc.

Portable Toilet Rental Market Worth $24.70 Billion By 2025

The global portable toilet rental market size is expected to reach USD 24.70 billion by 2025 registering a CAGR of 7.30%, according to a new report by Grand View Research, Inc. Rising concerns about proper hygiene and sanitation in emerging region like Asia Pacific is the key factor driving the market growth. Moreover, rise in the demand for cost-effective and low-maintenance portable toilets on account of rapid urbanization and expanding construction sector in Asia Pacific will boost market growth.

In addition, strict regulations and heavy investments by the governments across the globe to provide proper sanitary units is fueling the demand for portable toilets. Thus, increasing number of installations of portable toilets in public areas, such as parks and streets, is likely to augment the market growth. Asia Pacific is anticipated to be the largest as well as the fastest-growing regional market over the forecast period. Led by Germany and France, Europe is also estimated to witness a significant growth in future.

Major companies in the market have undertaken several strategies, such as product development, mergers and acquisitions, marketing campaigns, etc. to gain a higher market share. For instance, Sanitech acquired Rent-A-Toilet’s Namibian operations. Some of the prominent companies in the market include Sanitech; Satellite Industries; ADCO International; B&B Portable Toilets; Camco Manufacturing, Inc.; PolyJohn Enterprises Corp.; Shorelink International; NuConcepts, and ARMAL, Inc.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/portable-toilet-rental-market

Further key findings from the study suggest:

  • The luxury portable toilets product segment is projected to ascend at the fastest CAGR of 8.41% over the forecast period
  • The construction application is estimated to be the largest segment accounting for a share of more than 55% by 2025
  • Asia Pacific was the dominant regional market in 2018 and is projected to expand further at the maximum growth rate from 2019 to 2025
  • The region’s growth can be attributed to the increasing disposable income levels in emerging countries, such as India, South Korea, and China