Tag: Supermarkets/Hypermarkets

Smart Bed Market Size Worth $3.1 Billion By 2027

The global smart bed market size is anticipated to reach USD 3.1 billion by 2027, expanding at a CAGR of 4.5%, according to a new report by Grand View Research, Inc. Rising prominence for gaining a healthy sleep through the infusion of sensor-based advanced technology is the growing demand for smart beds. In addition, rising penetration of smart homes across regions is also paving way for technologically integrated household products, thereby paving the way for increased growth of the market.

The rapid development of smart home technology and their penetration across developed nations of America and Europe is positively impacting the demand for the product. According to the European Commission in 2017, Europe’s smart home revenue is expected to reach USD 19.0 billion by 2021, through its massive markets in the U.K. and Germany. Additionally, useful features compiled in the product such as customized mattress firmness that can sense and react to body temperature, tracking breathing, heart rates, and restfulness is gaining consumer’s attention.

Increasing instances of sleeping disorders among individuals particularly in the U.S. is deriving higher traction in the industry. According to American Sleep Association (ASA), insomnia is the most common sleep disorder, with short term issues reported by about 30.0% of adults and chronic insomnia by 10.0% in the country as of December 2019. In addition, 37.0% of those among 20-39-year-olds, and 40.0% of those among 40-59-year-olds expressed short sleep duration. While 35.3% of adults reported less than 7 hours of sleep during a typical day. These instances have raised the need for healthy and quality duration of sleep among consumers, thereby driving product demand in various application segments including households, hospitals, and hospitality.

In terms of application, the residential segment held a dominant position in the market in 2019. Lifestyle inflation among low, middle as well as high-income individuals are paving the way for increased spending among consumers towards relaxation and comfort, thereby scaling the demand for smart beds. Also, new innovations led by manufacturers in the industry with new product launches are likely to ramp up the sales for the product. For instance, in February 2019, Eight Sleep introduced a new biometric-monitoring smart bed.

The specialty stores segment accounted for a dominating revenue-based share of 66.5% in 2019. These stores provide training to their employees to assist customers and few of them also offer price-matching guarantees. In addition, major retail chains are focusing on establishing new stores with innovative layout, which is projected to support the growth of this segment in the coming years.

North America dominated the market with a revenue share of 60.2% in 2019. Increasing penetration of home automation in the region is also boosting the demand for smart furniture such as smart beds. According to the European Commission in 2017, smart home revenue in the U.S. is expected to grow over three-fold between 2016 and 2021, exceeding USD 32.0 billion. Additionally, various sleep-related disorders prevalent in the U.S. is triggering higher demand for quality sleep patterns among individuals. According to the American Sleep Association, 50-70 million adults in the U.S. have a sleep disorder. Also, around 25.0 million adults in the U.S. have obstructive sleep apnea.

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

Further key findings from the study suggest:

  • The hospital application segment is expected to reach USD 628.4 million by 2027 and is anticipated to witness a CAGR of 5.2% from 2020 to 2027
  • The specialty stores segment was valued at USD 1.4 billion in 2019 and is expected to reach USD 2.1 billion by 2027
  • In Asia Pacific, the market is expected to witness substantial growth over the forecast period with a revenue-based CAGR of 5.6% from 2020 to 2027.

Organic Shampoo Market Size Worth $1.4 Billion By 2025

The global organic shampoo market size is expected to reach USD 1.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.1% over the forecast period. Growing popularity of natural ingredients in beauty and hygiene products has encouraged manufacturers to introduce organic shampoos, thereby driving consumer preference for this market. Growing awareness of personal hygiene, along with rising preference for chemical free products, is expected to drive the market in the next few years.

Growing trend of online shopping of health and beauty products among the consumers has paved the way for the brands to introduce their e-commerce channels, thereby widening their distribution. As per the recent trends, about 19% of Generation Z and 14% of millennials prefer online purchase of natural and organic beauty products due to factors such as convenience and availability of a wide range of new brands and their products.

Organic shampoos are gaining an increasing traction due to growing preference for environment friendly products that are free from sodium lauryl sulfate, potassium sorbate, and artificial fragrances. This, in turn, is providing an impetus to the companies to expand their product offerings by introducing organic shampoo, thereby contributing to the market growth.

Supermarkets/hypermarkets accounted for a revenue share of 56.02% in 2018. Physical display of products and ability to check the product attributes have been the major factors driving the popularity of supermarkets/hypermarkets. The layout of the supermarket and promotional campaigns by leading brands have also increased the sales volume in the supermarket and hypermarket segment. Organized retail sectors have been driving the market by providing ample space and visibility for the existing brands to offer their products.

North America accounted for the largest share of 34.8% in 2018, followed by Europe with 24.9% share in the global organic shampoo market. In U.S., consumers have a high preference for organic beauty care concept mainly due to the skin and environment friendly nature of those products. Moreover, the product demand is driven by strong regulatory framework that limits the use of toxic ingredients in various personal and beauty care products, shampoo being one of them. Asia Pacific is expected to expand at the highest CAGR of 4.2% over the forecast period. In the region, China contributed 34.8% share in 2018 majorly due to significant adoption of chemical free hair products. China is ranked as one of the largest Asian markets for natural based beauty and health care products. The market is expected to be driven by India over the forecast period. As per the recent trends, about 55% of the consumers in India prefer to purchase shampoo with organic attributes.

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

Further key findings from the report suggest:

  • APAC is expected to witness the fastest growth over the forecast period owing to widespread availability and influx of innovative products supported by growing preference for chemical free products in India
  • North America accounted for the largest share of 34.8% in 2018, followed by Europe with 24.9% share of the global revenue
  • Some of the major players operating in the global organic shampoo market are Perse Beauty Inc.; John Master’s Organic; Vogue International LLC (OGX); Real Purity Inc.; Essential Care (Organics) Ltd.; Rahua Classics; Natulique; and Art Naturals.

Smart Bed Market Size Worth $3.1 Billion By 2027

The global smart bed market size is anticipated to reach USD 3.1 billion by 2027, expanding at a CAGR of 4.5%, according to a new report by Grand View Research, Inc. Rising prominence for gaining a healthy sleep through the infusion of sensor-based advanced technology is the growing demand for smart beds. In addition, rising penetration of smart homes across regions is also paving way for technologically integrated household products, thereby paving the way for increased growth of the market.

The rapid development of smart home technology and their penetration across developed nations of America and Europe is positively impacting the demand for the product. According to the European Commission in 2017, Europe’s smart home revenue is expected to reach USD 19.0 billion by 2021, through its massive markets in the U.K. and Germany. Additionally, useful features compiled in the product such as customized mattress firmness that can sense and react to body temperature, tracking breathing, heart rates, and restfulness is gaining consumer’s attention.

Increasing instances of sleeping disorders among individuals particularly in the U.S. is deriving higher traction in the industry. According to American Sleep Association (ASA), insomnia is the most common sleep disorder, with short term issues reported by about 30.0% of adults and chronic insomnia by 10.0% in the country as of December 2019. In addition, 37.0% of those among 20-39-year-olds, and 40.0% of those among 40-59-year-olds expressed short sleep duration. While 35.3% of adults reported less than 7 hours of sleep during a typical day. These instances have raised the need for healthy and quality duration of sleep among consumers, thereby driving product demand in various application segments including households, hospitals, and hospitality.

In terms of application, the residential segment held a dominant position in the market in 2019. Lifestyle inflation among low, middle as well as high-income individuals are paving the way for increased spending among consumers towards relaxation and comfort, thereby scaling the demand for smart beds. Also, new innovations led by manufacturers in the industry with new product launches are likely to ramp up the sales for the product. For instance, in February 2019, Eight Sleep introduced a new biometric-monitoring smart bed.

The specialty stores segment accounted for a dominating revenue-based share of 66.5% in 2019. These stores provide training to their employees to assist customers and few of them also offer price-matching guarantees. In addition, major retail chains are focusing on establishing new stores with innovative layout, which is projected to support the growth of this segment in the coming years.

North America dominated the market with a revenue share of 60.2% in 2019. Increasing penetration of home automation in the region is also boosting the demand for smart furniture such as smart beds. According to the European Commission in 2017, smart home revenue in the U.S. is expected to grow over three-fold between 2016 and 2021, exceeding USD 32.0 billion. Additionally, various sleep-related disorders prevalent in the U.S. is triggering higher demand for quality sleep patterns among individuals. According to the American Sleep Association, 50-70 million adults in the U.S. have a sleep disorder. Also, around 25.0 million adults in the U.S. have obstructive sleep apnea.

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

Further key findings from the study suggest:

  • The hospital application segment is expected to reach USD 628.4 million by 2027 and is anticipated to witness a CAGR of 5.2% from 2020 to 2027
  • The specialty stores segment was valued at USD 1.4 billion in 2019 and is expected to reach USD 2.1 billion by 2027
  • In Asia Pacific, the market is expected to witness substantial growth over the forecast period with a revenue-based CAGR of 5.6% from 2020 to 2027.

Baseball Equipment Market Worth $19.2 Billion By 2025

The global baseball equipment market size is expected to reach USD 19.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.3% over the forecast period. Extensive popularity of sports due to media coverage of tournaments and leagues is encouraging the youth and adults to participate in the sport.

In addition, the global market is expected to witness an augmented growth on account of government initiatives on encouraging participation for baseball among the customers in U.S. and Canada. For instance, in February 2019, the U.S. Government launched a four day, both on and off field athlete development program to provide better guidance to the participants.

Over the past few years, the leading manufacturing companies have been increasing spending on the launch of new helmets on account of increased incidences of head injuries in baseball and other ball games. In order to prevent major head injuries in baseball, these companies are coming up with helmet variants with better impact absorbing features, in order to prevent any head injuries. For instance, in 2018, 2ND Skull, launched an additional headgear to minimize the impact of head injuries by 50%.

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

Further key findings from the study suggest:

  • By product, helmet is anticipated to expand at a CAGR of 4.0% from 2019 to 2025 owing to growing awareness regarding the usage of protective gears baseball in order to prevent permanent head injuries
  • Bat dominated the global market in 2018 due to new product launches with new designs according to the latest fashion trends and preferences of the customers
  • By distribution channel, supermarkets/hypermarkets dominated the market in 2018, as different material based bats are used to play in different pitches of baseball
  • North America dominated the market in 2018, accounting for 37.3% share of the global revenue. This trend is projected to continue over the next few years due to high preference for outdoor sports and growing awareness of their benefits in U.S. and Canada
  • Asia Pacific is expected to expand at a CAGR of 3.5% from 2019 to 2025
  • The industry is highly competitive in nature with the key market players including Nike; Adidas; Newell Brands Inc.; Amer Sports; Mizuno Corporation; Zett Corporation; Under Armour Inc.; Schutt Sports Inc.; Phoenix Bat Company; and YONEX Co. Ltd.

Household Beauty Appliances Market Size Worth $8.86 Billion By 2025

The global household beauty appliances market size is expected to reach USD 8.86 billion by 2025 registering a CAGR of 5.3%, according to a new report by Grand View Research, Inc. Growing demand for advanced beauty appliances is anticipated to be the major driving factor for the market. Rising awareness about the benefits of using beauty appliances for the treatment of various skin and hair related problem is also expected to boost the product demand. The haircare segment accounts for the major market share on account of increasing cases of hair problems, such as frizzy and dry hair. Facial care is anticipated to be the fastest-growing segment due to growing awareness about facial care.

Moreover, companies such as, Philips, and L’Oreal, are coming up with innovative products, which is contributing to the segment development. For instance, in January 2019, L’Oreal SA launched the first wearable microfluidic device, which tracks the skin’s pH level and provides facial cleansing recommendation on smartphones. Thus, replacement of conventional medicines for skin treatment with technically advanced beauty care appliances contributes significantly in escalating the segment growth. The global market is marked by the presence of major companies including Koninklijke Philips N.V.; Home Skinovation; Conair Corp.; TRIA Beauty, Inc.; Vega; Syska; Panasonic Corp.; Carol Cole Company; Croma; and L’Oreal SA.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/household-beauty-appliances-market

Further key findings from the report suggest:

  • Facial care segment is anticipated to register the fastest CAGR of 5.8% over the forecast period owing to rising awareness about the benefits of using facial care devices
  • Haircare led the global market with an overall market share of 37.7% in 2018 due to extensive use of haircare appliances, such as, hair dryer, roller, and straightener
  • Supermarkets/hypermarkets distribution channel segment the overall distribution channel of the globe with a market in 2018 on account of the availability of wide range of products in supermarkets/hypermarkets
  • North America was the leading regional household beauty appliances market in 2018 and will expand further at a steady CAGR over the forecast period
  • The industry is highly competitive and some of the key companies include Koninklijke Philips N.V.; Home Skinovation; Conair Corp.; TRIA Beauty, Inc.; lluminage Beauty, Inc.; Spectrum Brands Holdings, Inc.; Panasonic Corp.; Carol Cole Company; Syneron Medical; and L’Oreal SA