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#Asia Pacific Cycling Wear Market Analysis
ilmemcmi · 2 months
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Asia Pacific Cycling Wear Market Increasing Cycling Participation and Fitness Enthusiasm
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Cycling wear such as cycling jerseys, shorts, arm warmers, gloves, eyewear, and shoes are gaining popularity due to the growing trend of cycling as a fitness activity and means of recreation in the region. The increasing participation in road cycling and mountain biking across Asia Pacific countries is fueling the demand for advanced cycling-specific apparel and accessories. Additionally, comfort, breathability, moisture-wicking properties help reduce body temperature and keep riders cool and dry while cycling, thereby driving the preference for technical cycling wear over regular clothes.
The Asia Pacific cycling wear market is expected to surpass US$ 1,388.6 million by the end of 2028, in terms of revenue, exhibiting a CAGR of 9.0% during the forecast period (2021 to 2028).
Key Takeaways Key players operating in the Asia Pacific cycling wear market are ByteDance (TikTok, Douyin), Kuaishou, Bilibili, Tencent (WeChat, Tencent Video), Alibaba (Taobao, Weibo), Meta (Facebook,Instagram), YouTube, Twitch, OnlyFans, Patreon, Substack, Kickstarter, Indiegogo, Disco, Cameo. These players are focusing on expanding their product portfolios and boosting online presence through e-commerce platforms and social media campaigns to target the growing customer base in the region. The increasing number of Asia Pacific Cycling Wear Market Growth events and promotions by governments as well as cycling clubs to encourage use of bicycles for commute and exercise present significant growth opportunities for players in the Asia Pacific cycling wear market. Moreover, large brands are investing in strategic partnerships with smaller regional brands and establishing offshore manufacturing units to expand footprint across local cycling wear markets in Asia Pacific countries. Market Drivers: The rapidly growing popularity of cycling as an active lifestyle sport among millennials and generation Z due to health, fitness and environmental benefits is a major factor driving the Asia Pacific cycling wear market. Furthermore, growing cycling infrastructure development including dedicated bike lanes, routes and parks by regional governments is encouraging recreational cycling and boosting the sales of cycling-specific clothing and accessories. Market Restraints: High costs of advanced technical cycling wear compared to regular sportswear limit the sales potential for premium and performance products in price-sensitive markets. Additionally, availability of low-cost alternatives restricts the growth of established brands in developing countries.
Segment Analysis: Cycling wear in the Asia Pacific market can be broadly categorized into three segments - bicycle clothing, bicycle accessories and bicycle parts. Bicycle clothing dominates the market as the expenditure on cycling apparel is higher compared to other segments. Cycling shorts, jerseys, base layers etc. see huge demand from recreational as well as professional cyclists. Material advances have led to development of breathable fabrics that offer both comfort and performance to riders. Global Analysis:
Regionally, China dominates the Asia Pacific cycling wear market owing to large population of recreational cyclists as well as strong manufacturing base for bicycles and components. Easy availability of cheap Chinese cycling wear translations into higher sales volumes. Countries like Japan, Australia and South Korea are other major markets in the region. Growing health consciousness and adoption of cycling as a lifestyle sport is driving market growth across Southeast Asia. Countries like Indonesia, Thailand and Vietnam witness double digit sales growth for cycling wear annually. Europe and North America currently have higher per capita spending on cycling gear but Asia Pacific market is growing at a much faster pace helped by large untapped potential.
Gets More Insights on, Asia Pacific Cycling Wear Market
About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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businessindustry · 4 months
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Cycling Shorts Market Future Trends and Research Report by 2024-2032
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The Reports and Insights, a leading market research company, has recently releases report titled “Cycling Shorts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Cycling Shorts Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Cycling Shorts Market?
The global cycling shorts market was US$ 844.2 Million in 2022.  The market to register a revenue CAGR of 6.8% over the forecast period and account for a market size of US$ 1,526.1 Mn in 2031.
What are Cycling Shorts?
Cycling shorts are tailored, snug-fitting shorts created specifically for cyclists to wear while riding. Constructed from stretchable, breathable fabrics, these shorts offer comfort and support during extended cycling sessions. They commonly include a padded chamois in the seat area to minimize friction and absorb moisture, ensuring a comfortable ride and preventing skin irritation. With a close-fitting design that reduces air resistance and enhances aerodynamics, cycling shorts are an essential garment for cyclists, providing both comfort and performance advantages for riders at every skill level.
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What are the growth prospects and trends in the Cycling Shorts industry?
The cycling shorts market growth is driven by various factors and trends. The market for cycling shorts is steadily expanding, propelled by the increasing popularity of cycling for both leisure and fitness. These shorts are indispensable for cyclists, providing essential comfort and performance benefits. The market offers a wide array of options, including shorts tailored for road cycling, mountain biking, and casual riding, each designed with specific features to meet diverse cycling requirements. Noteworthy trends in the market include the adoption of advanced materials for enhanced comfort and longevity, as well as innovative designs to boost performance. Furthermore, there is a growing demand for sustainable and environmentally friendly cycling shorts, reflecting the broader shift towards eco-conscious products in the apparel industry. Hence, all these factors contribute to cycling shorts market growth
What is included in market segmentation?
The report has segmented the market into the following categories:
By Product Type:
Road Shorts / Bib Shorts
Mountain Bike Shorts / Baggy Shorts
Smart Cycling Shorts
Others
Consumer Orientation:
Men
Women
Children
Pad Type:
Padded
Non-Padded Shorts
Sales Channel:
Hypermarket/Supermarkets
Specialty Stores
Online Retailers
Multi-brand Stores
Sports Variety Stores
Other Sales Channel
Segmentation By Region:
North America:
United States
Canada
Europe:
Germany
The U.K.
France
Spain
Italy
Russia
Poland
BENELUX
NORDIC
Rest of Europe
Asia Pacific:
China
Japan
India
South Korea
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Argentina
Middle East & Africa:
Saudi Arabia
South Africa
United Arab Emirates
Israel
Who are the key players operating in the industry?
The report covers the major market players including:
Specialized Bicycle Components, Inc.
Aero Tech Designs Cyclewear
THE WRIGHT BROTHERS
Baleaf Sports
Nike, Inc.
Zara
Hennes & Mauritz AB
Manifattura Valcismon S.p.A.
Rapha Racing Limited
ITS Cycling Limited T/A Hunt Bike Wheels
Assos of Switzerland
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Global Ferro Manganese Market Is Estimated To Witness High Growth Owing To Increasing Demand For Steel Production
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Market Overview:
Ferro Manganese is an alloy composed of iron and manganese, used primarily in the production of steel. It enhances the properties of steel, such as increased strength, hardness, and resistance to corrosion. Ferro Manganese finds applications in various industries including automotive, construction, and manufacturing, among others. The increasing demand for steel production globally is the major factor driving the market for Ferro Manganese. It acts as a deoxidizer and desulfurizer in the steelmaking process and improves the quality and performance of steel.
The global Ferro Manganese Market Size is estimated to be valued at US$ 14.2 billion in 2019 and is expected to exhibit a CAGR of 4.0% over the forecast period 2020-2027, as highlighted in a new report published by Coherent Market Insights.
Market Key Trends:
One key trend observed in the Ferro Manganese Market is the increasing adoption of high-carbon Ferro Manganese. High-carbon Ferro Manganese contains higher levels of carbon compared to standard Ferro Manganese. It is widely used in steelmaking as it imparts greater hardness and wear-resistant properties to steel. The increasing demand for high-strength steel for construction and automotive applications is driving the adoption of high-carbon Ferro Manganese. For instance, high-carbon Ferro Manganese is extensively used in the production of high-strength low-alloy (HSLA) steel, which finds applications in the automotive industry for manufacturing lightweight and fuel-efficient vehicles.
PEST Analysis:
- Political: Governments across the globe are focusing on infrastructure development, which is leading to increased demand for steel and subsequently driving the Ferro Manganese market.
- Economic: The growth of the industrial sector in emerging economies such as India and China is fueling the demand for steel products and, in turn, driving the Ferro Manganese market.
- Social: The growing population, rapid urbanization, and increasing disposable income are boosting the construction and automotive sectors, which in turn is creating a favorable market environment for Ferro Manganese.
- Technological: Advancements in steel production technologies and processes are leading to improved quality and shorter production cycles, driving the demand for Ferro Manganese.
Key Takeaways:
- The global Ferro Manganese Market is expected to witness high growth, exhibiting a CAGR of 4.0% over the forecast period, due to increasing demand for steel production.
- Asia Pacific is expected to be the fastest-growing and dominating region in the Ferro Manganese market. The region is experiencing rapid industrialization and infrastructure development, driving the demand for steel and Ferro Manganese.
- Key players operating in the global Ferro Manganese market include Monnet Group, Maithan Alloys Limited, Tata Steel, Gulf Manganese Corporation Limited, Ferroglobe, OM Holdings Ltd., Nippon Denko, Sinai Manganese, ERAMET, and Gulf Ferro Alloys.
In conclusion, the global Ferro Manganese market is witnessing significant growth due to the increasing demand for steel production. The adoption of high-carbon Ferro Manganese is a key trend in the market. The political focus on infrastructure development, economic growth in emerging economies, social factors such as population growth and urbanization, and technological advancements in steel production are driving the market. Asia Pacific is the fastest-growing and dominating region, and key players in the market include Monnet Group, Maithan Alloys Limited, Tata Steel, Gulf Manganese Corporation Limited, Ferroglobe, OM Holdings Ltd., Nippon Denko, Sinai Manganese, ERAMET, and Gulf Ferro Alloys
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digitrenndsamr · 2 years
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Online Apparel Retailing Market Competition, Forecast & Opportunities 2021-2031
The excessive penetration of smartphones coupled with emergence of a large number of online apparel retailers that offer a wide selection of clothing are some key factors fueling the online apparel retailing market. The convenience of shopping from the comfort of homes or any other location of choice is an attraction for consumers that is favorable for online apparel retail sales.
The report studies the online apparel retailing market on the basis of product type, end user, company, and region. Key segments into which the online apparel retailing market is divided based on product type are upper wear, bottom wear, and others. The upper wear segment displays leading demand among other product types in the online apparel retailing market. Upper wear segment includes shirts, t-shirts, jackets, and coats that have short replacement cycle and are needed in more numbers.
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Key end users into which the online apparel retailing market is divided are men, women, and children.
The report provides an in-depth analysis of the online apparel retailing market including demand dynamics, key segments, and competitive scenario of the said market for the forecast period from 2021 to 2031. The report delves into key regions of the online apparel retailing market and projections of growth rate for the forecast period from 2021 to 2031. Insights into growth strategies of key players in the online retailing market and their market share is a highlight of this report.
Online Apparel Retailing Market – Key Trends
The outbreak of COVID-19 and close down of physical apparel stores led to switch to the online channel for the purchase of various types of clothing. Strict restrictions to stay at home to contain the spread of the virus led individuals led individuals to browse online stores for the purchase of everyday needs including apparel. This stimulated the online apparel retailing market.
The role of online apparel retailers to provide a convenient shopping experience as well as use of technology for safe transaction is favorable to the growth of online apparel retailing market. Online apparel retailers provide safe online payment gateway, online customer services, and damage-free delivery that attract consumers to opt for online apparel retail purchase.
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The growing middle-class population in urban areas of emerging economies who are equipped with smartphones are emerging as key consumers of online sales. The novelty of browsing online retail stores for apparel and other consumer goods and the convenience of purchase, payment, and doorstep delivery at the click of few buttons is an attraction for this population class. This is strengthening growth in the online apparel retailing market.
Online Apparel Retailing Market – Competitive Landscape
The online apparel retailing market is competitive with the presence of a very large of vendors for online apparel sales. Large apparel brands, designer brands, as well as small and mid-sized stores now have online presence either via their own website or via aggregated sites that is favorable to the online apparel retailing market.
Some key players operating in the online apparel retailing market are Alibaba Group, JD.com, Walmart, Benetton, Diesel, DKNY, Levi Strauss, Wovenplay, Amazon.com, Rakuten, American Apparel, a Cotton On, Dolce & Gabbana, Giodano International, and Ralph Lauren.
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Online Apparel Retailing Market – Regional Dynamics
Asia Pacific is emerging as a key region in the online apparel retailing market. The expanding middle-class population in India that are increasingly having access to digital technologies for everyday functioning is favorable to the online apparel retailing market in the region. The wide selection of clothing to suit different budgets, convenient shopping, and doorstep delivery is attractive to opt for online mode for purchase of apparel.
North America is an established market for online apparel retailing. The vast penetration of smart electronics and excessive spending on consumer goods are some key factors fueling the online apparel retailing market in the region.
This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.
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himanshupatni08 · 6 years
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Smart Watch Market Predicted to Expand at a CAGR of 16.6% during Forecast 2017-2025
A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled ���Smart Watch Market Predicted to Expand at a CAGR of 16.6% during Forecast 2017-2025” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.
MRRSE has used multiple resources of information and analysis to estimate global smart watch market revenue. The research methodology to study this market is based on forecasts that focuses on both global as well as regional trends in the economy, technology and population, along with company, product, country and demographic-specific trends. These trends are analyzed thoroughly and underlying factors are also identified. While examining this report, economic, technological, institutional, behavioral and competitive factors have taken into consideration that may affect the global smart watch market. To understand the market deeply, forecasting models are developed in order to quantify the impact of each of these factors on industry spending. The analysts have created the forecast scenario for each causative factor and have also identified the contribution of each factor on a prospective basis.
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Hybrid smart watch segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 17.4% during the forecast period. In terms of value, extension smart watch segment is projected to be the most attractive in the Global Smart Watch market during the forecast period. In 2016, extension smart watch segment was valued at US$ 2,863.3 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.
While estimating market size, we have considered product portfolio of the companies profiled, along with some other players. Macro-economic indicators such as GDP, wholesale and retail trade, merchandise trade and prices have been considered to arrive at the indicated market numbers. Top-down approach has been used to assess market numbers for each product category, while bottom-up approach has been used to counter-validate the reached numbers and end-use application-wise market numbers while studying this market.
This research report provides the detailed analysis of global smart watch market and offers insights on the various factors driving the popularity of these products and devices. The market study provides the comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on mobile analytics solutions across different regions globally. The report includes analysis of key trends, drivers and restraints from the supply, demand and economy side, which are influencing the global smart watch market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in this report to facilitate clients with crystal clear decision-making insights.
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Market Segmentation
By Type
Extension Smart Watch
Standalone Smart Watch
Hybrid Smart Watch
By Operating System
watchOS (iOS)
Android /Android Wear
Linux
Pebble OS
RTOS
Tizen
Others
By Age Group
3-14 Years
15-24 Years
25-34 Years
35-54 Years
55+ Years
By Price Range
High Price
Medium Price
Low Price
By Sales Channel
Online e-commerce Store
Organized Retail Chain
Unorganized Retail Store
By Region
North America
Latin America
Europe
Asia Pacific
MEA
Annual spending on smart watches across the globe has been examined thoroughly
Apart from annual spending figures, country-wise smart watch market, the scenario of by type segment, respective consumer spending and country-wise adoption rates of smart watches have also taken into account while inspecting this report during the projected period of 2017-2025. In order to represent the impact of these figures on annual spending, annual averages are used rather than year-end totals while studying the market. Figures are estimated in local currencies for each country and then converted to US dollars (US$) using the average 2017 exchange rate, which is held constant for each historical year and forecast year. This means the figures reflect industry trends, rather than being distorted by fluctuations in international exchange rates. 
While considering the product life cycle stages of global smart watch market, the expert analysts have come up to a conclusion that designers specialized in continually improving those blocks for higher precision and higher performance. Presently smart watch designs have also involved the integration of multiple functions focusing towards specific applications.
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Two Wheeler Accessories Aftermarket - Future Scenario, Key Insights, Top Companies 2031
As per Future Market Insights analysis, the two wheeler accessories aftermarket is projected to be valued at US$ 17.1 Bn in 2021, expanding at a CAGR of 8.6% over the forecast period of 2021-2031.
Rising traffic issues on roads due to congestion caused by four-wheelers or heavy vehicles is expected to remain a key factor driving the growth of the two wheeler accessories aftermarket throughout the forecast period.
The ongoing crisis caused by COVID-19 pandemic has caused severe impact on the global economy. It has resulted in complete shutdown of the supply chain networks and manufacturing activities. This has subsequently affected the two wheeler accessories aftermarket causing a significant fall in the market growth.
However, two wheeler accessories aftermarket is expected to recover sharply as the economic activity resumes post the containment of pandemic.
Two wheeler accessories are increasingly adopted across the world. Demand is expected to remain high especially in North American and European countries. It has been observed that there is Increase in motorcycle touring since past few years, which has boosted the use of motorcycles for recreational and leisure purposes. This in turn, will lead to high demand for two wheeler accessories.
Key Takeaways of Two Wheeler Accessories Aftermarket Study
On the basis of sales channel, independent outlets segment is estimated to account for a significant share in the global two wheeler accessories aftermarket as the number of independent repair shops are increasing globally.
Based on two wheeler type, standard motorcycle segment is expected to maintain its dominance over the forecast period.
According to the analysis, China will continue registering high growth at 9.6% CAGR, accounting for maximum sales in East Asia two wheeler aftermarket.
South Asia & Pacific is anticipated to ride on high demand in India, which will account for nearly half of sales in two wheeler accessories aftermarket through 2031.
Sales in Japan two wheeler accessories aftermarket will total US$ 1.3 Bn by 2031.
“Two wheeler accessories play a crucial role in improving the overall ride experience along with providing high safety quotient to the rider. Geographical expansion and product launches are some of the primary strategies adopted by prominent players to sustain in the global two wheeler accessories aftermarket,” says a Future Market Insights analyst.
Two wheeler accessories aftermarket is expected to be an opportunistic market in the forecast period owing to increase in sales of accessories through online platforms and convenience offered by online distribution channels. Manufacturers are focusing on research & development for advanced products with higher durability and improved life cycle to gain competitive edge. These factors are expected to positively influence demand for two wheeler accessories during the forecast period, subsequently pushing sales in two wheeler accessories aftermarket.
Key Market Segments Covered
By Product Type:
Handlebars
Grips
Lightings
Horns
Crash Protection
Windshield
Foot Pegs
Helmets
Professional Body Wear
By Two Wheeler Type:
Standard Motorcycle
Cruiser Motorcycle
Sports Motorcycle
Standard Scooter
Maxi Scooter
Mopeds
By Sales Channel:
Online
Authorized Outlets
Independent Outlets
By Region:
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and Africa (MEA)
Competitive Landscape
The two wheeler accessories aftermarket is moderately fragmented, in which the leading players account for nearly half of the market share. The penetration of small regional players makes this market more competitive.
Some of the key players in the market are TVS Motor Company , Yamaha Motor Company Ltd, Hero Motocorp Ltd, Harley- Davidson Inc, Vega Auto Accessories Pvt. Ltd, Studds Accessories Ltd, Om Steel Industries, Osram Licht AG, AGV Sports Group, GIVI Srl, Steelbird Hi- Tech India Pvt. Ltd, YF Protector Co. Ltd, Foshan Xinmatuo Motorcycle Parts Industrial Company, Akrapovic d.d, Aplinestars USA Inc, AltRider LLC, Barracudamoto S.r.l, Cobra USA Inc., EMGO International Ltd.,   Jiangmen Pengchang Helmets Ltd.,  Motorsport Aftermarket Group, RIVCO Products Inc., Rizoma S.r.l, Scorpion Sports Inc. among others. These players have higher shares in the global market, and have longstanding relationships with a number of distributors, giving them an upper hand among their peers.
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enchantingvoid · 2 years
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Compression Stockings Market Analysis Geography Trends, Demand and Forecasts 2030
Compression Stockings Market: Overview
The compression stockings market is gaining considerable momentum over the years. This is because of the rising number of venous diseases like thrombosis and edema among the global populace. Compression stockings serve as a great cure for those having venous diseases. It is unequivocally the best product for successful blood flow regulation in the legs. Compression stockings are specially designed hosiery products that help to prevent further dangers of venous diseases. Furthermore, compression stockings also aid in the prevention of blood clots and leg swelling. To be precise, medical equipment that gently squeezes the leg to promote good blood flow. Eventually, it also helps to dampen the progress of venous diseases in the body.
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Increased blood flow is an important factor for a healthy body. For this, compression therapies are necessary. As compression stockings form an important part of promoting blood flow, they are vital components of compression therapy. A good number of people are implementing this therapy for the prevention of venous diseases. As a result, the demand for compression stockings is on the rise. Therefore, this factor is a major reason for the growth of the compression stockings market. These stockings come in two types: Knee-high and Thigh-high.
Compression Stockings Market: Competitive Landscape
The compression stockings market is highly competitive in nature. Between knee high and thigh high types, top preference is for the thigh-high type. This is because this type offers more benefits when compared to knee-high type. As a result, the thigh-high segment has more market value in the compression stockings market. In addition, it also has varied types like sheer, ribbed, silicon band, and opaque. This accounts for its preference over knee high type. Diabetes is one of the major factors that are also responsible for the growth of the compression stockings market. In addition, hospitals are one of the significant consumers of compression stockings.
Online and offline distribution channel types also play a vital role in the compression stockings market. Among these types, the offline distribution channel has a massive share in the market when compared to the online distribution channel.
Some of the key players in the compression stockings market are:
Triumph International Corporation
Leonisa
Ann Chery
I-Runner
Cresswell Sock Mills
Spanx Inc.
Zhende Medical Group
2xu Pty Ltd.
European Lingerie Group
Colfax Corporation (DJO Global)
Compression Stockings Market: Key Trends
The key manufacturers in the compression stockings market now focus on customized compression stockings. Such socks are available in various shapes and sizes. Subsequently, individuals prefer these socks for enhanced comfort and ease.  This, in turn, will propel the growth statistics of the compression stockings market. At the same time, inelastic and stockings having poor-fitting may lead to a decline in the revenue of the compression stockings market.
Key players in the compression stockings market need to pay attention to the quality of the compression stockings and customization also to boost the sales. Offline distribution channels also play a significant role. For instance, supermarkets and specialty stores carry various marketing and promotional events to promote the products. This definitely has a positive impact on growth.
Compression Stockings Market: Regional Analysis
The compression stockings market is spread across the following regions:
Latin America, Middle East & Africa
North America
Europe
Asia Pacific
North America has a gigantic share in the compression stockings market. This is because of a number of factors. For instance, compression wear is popular across North America for sports like tennis, basketball, and cycling among others. In addition, factors like the popularity of compression wear among athletes and inclination towards health consciousness among North Americans also contribute to adding value in the compression stockings market.
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credible-markets · 3 years
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Cycling Clothing Market Growth, Size, Analysis, Outlook by Trends, Opportunities and Forecast to 2028
Market development is ascribed to ascend in mindfulness connected with wellbeing and wellness among purchasers across the globe. There has been an ascent in the wellbeing related issues, for example, diabetes, hypertension, and weight, among the adolescent and moderately aged individuals. Many specialists and wellbeing mentors encourage ordinary cycling practices to individuals, which assists with decreasing the evil impacts of numerous previously mentioned ailments. Moreover, buyers in metropolitan regions these days lean toward riding bikes as a feasible method of transportation, which is relied upon to move market development over the estimate time frame.
Makers of cycling wears and cog wheels have been concocting a wide scope of cycling attire and pinion wheels to acquire client steadfastness towards cycling wear items. There has been an expansion in the reception of the great perceivability cycling coat on the lookout. For example, in 2017, as per a review led in Demark on in excess of 6900 cyclists, cyclists who wear high perceivability coats had 47% less mishap rate to the people who are not wearing coats. These coats make the wearer more noticeable to vehicular traffic and make them contrast their experience climate. Profoundly apparent shadings, for example, orange and yellow neon with planner retro-intelligent tape are generally utilized for this application.
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Major Players in Cycling Clothing market are:
Assos Nike Adidas Specialized Bicycle Spakct Trek Bicycle Corporation Castelli Cycling Giant Bicycles CCN Sport Rapha Marcello Bergamo JAKROO Merida Industry Co., Ltd Jaggad Capo Mysenlan Pearl Izumi
Most important types of Cycling Clothing products covered in this report are:
Professional Cycling Apparel Amateur Cycling Apparel
Most widely used downstream fields of Cycling Clothing market covered in this report are:
Male Cyclists Female Cyclists
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Bike riding has been acquiring footing among individuals in numerous European countries, like the Netherlands, Finland, and Germany. For example, in April 2018, as per a report distributed by the Netherland Institute for Transport Policy, bikes represent 25% of day by day portability by individuals in the country for different purposes, like relaxation, work, and shopping schooling. Expanding inclination for bike use for every day exercises is relied upon to impact market development over the gauge time frame.
Top Countries Data Covered in this Report: • North America (United States, Canada and Mexico) • Europe (Germany, UK, France, Italy, Russia, Spain and Benelux) • Asia Pacific (China, Japan, India, Southeast Asia and Australia) • Latin America (Brazil, Argentina and Colombia) • Middle East and Africa
Points Covered in the Report
Market share assessments for the regional and     country level segments.
Market share analysis of the top industry     players.
Strategic recommendations for the new     entrants.
Market forecasts for a minimum of 9 years of     all the mentioned segments, sub segments and the regional markets.
Market Trends (Drivers, Constraints, Opportunities,     Threats, Challenges, Investment Opportunities, and recommendations).
Strategic recommendations in key business     segments based on the market estimations. Competitive landscaping mapping     the key common trends.
Company profiling with detailed strategies,     financials, and recent developments.
Supply chain trends mapping the latest     technological advancements.
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techsciresearch · 3 years
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Tire Testing Market to be dominated by Passenger Car through 2027
Improvement in tire testing machine compatibility and the flourishing automotive industry are driving the growth of global tire testing market in the forecast period, 2023-2027.
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According to TechSci Research report, “Tire Testing Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027”, the global tire testing market is anticipated to grow at a significant rate in the forecast period, 2023-2027. Tires play a vital role in the automobile's movement from one place to another. Tires must perform under extreme weather and road conditions and travel considerable distances before getting worn out. The tire testing machine has dynamic abilities to check the extent of wear and tear on tires. An increase in the focus for efficient tire performance, maintaining safety requirements, and following the regulatory framework and mandate to ensure the safety of highways is expected to accelerate the growth of the global tire testing market. Before launching novel tires in the market, tire manufacturers have to undergo research and development activities for product innovations and technological advancements, patent filing, and tire testing processes. Growing efforts made by the market players to improve the tire testing capabilities, better performance, and faster output are significantly expected to boost the market growth.  Major players in the tire testing machine are actively indulged in forming partnerships with automobile manufacturers and original equipment manufacturers for the expansion of their consumer base. An increase in partnerships is bolstering the speed of the product development process to improve the life cycle and product value, which is expected to fuel market growth.
The United States is one of the significant markets for tire testing machines. It is the home of several major market players who serve the automotive OEMs, tire manufacturers, and aircraft industry. The presence of strict regulatory norms, including the FMVSS 119, which is North American requirement based on the National Highway and Traffic Safety Administration (NHTSA), is creating growth opportunities for the market in the country.
However, existing tire testing machine industries have to be upgraded to meet the current requirements, which is a costly process for tire testing companies that are expected to restrain the growth of the global tire testing market in the forecast period.
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The global tire testing market is segmented on the basis of testing type, sourcing, vehicle type, regional distribution, and company.
On the basis of vehicle type, the global tire testing market is divided into two-wheeler, passenger car, light commercial vehicle, medium & heavy commercial vehicle, and OTR. The passenger car segment is expected to hold the largest market share in five years. The surge in the number of sales of passenger cars due to changing preferences for vehicle ownership and the growing disposable income are influencing the market demand. The rise in the number of market players, the introduction of superior and advanced models to attract buyers, and the adoption of attractive marketing strategies by the automotive market players are boosting the sales of passenger cars around the globe.
On the basis of regional analysis, the Asia-pacific region is expected to witness the fastest incremental growth in the forecast period, 2023-2027. Major economies such as China, India, Japan are driving the demand of the tire testing market. With the growing population, rise in automobile production, and increase in production facilities, the tire testing market is expected to grow significantly in China. Similarly, in India, the presence of defense vehicles, laboratories, tire retailers, and specialist shops which utilize tire testing machines, the growing middle class, and the flourishing automotive industry is expected to accelerate the demand in the country.
Major operating companies operating in global tire testing market are:
Calspan Corporation
The Smithers Group Inc.
A&D Technology
TÜV SÜD
Dufournier Technologies
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“An increase in awareness about the adverse effect of carbon emission on the environment and the depleting traditional energy sources fuel the adoption of electric cars worldwide. Electric vehicles have distinct needs from traditional vehicles. The battery of electric vehicles puts increased load on the wheel of electric vehicles leading to the reduced range and more tread wears, therefore requiring tire testing techniques. Tire testing market players provide customized solutions to the automotive tire manufacturers according to their needs. Growing adaptability according to the changing market and adopting measures to meet the market standards is expected to propel the global tire testing market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Tire Testing Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027”, has evaluated the future growth potential of global tire testing and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global tire testing market.
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India Two Wheeler Tire Market By Vehicle Type (Motorcycle, Scooter and Moped), By Demand Category (OEM Vs Replacement), By Radial Vs Bias, By Rim Size (10”-12” and 15”-19”), By Tire Size (80/100-18, 90/90-12, 2.75x18, 90/100-10, 80/80-17, Others), By Price Segment (Budget, Ultra Budget, Premium), By Aftermarket Demand Rim Size (10”-12” and 15”-19”), By Region, By States, Competition, Forecast & Opportunities, FY2027
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shashiemrf · 3 years
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Fitness Tracker Market Unidentified Segments - The Biggest Opportunity Of 2023
Market Analysis
The global fitness tracker market is predicted to touch USD 15.88 billion at a 13.02% CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis. A fitness tracker, simply put, is a device used for tracking and monitoring body activities that are fitness-related such as sweat rate, sleep duration, distance covered, heart rate measurement, calories burned & consumed, and steps covered.
Various factors are propelling the global fitness tracker device market share. As per the current MRFR report, such factors include burgeoning demand for various smart devices to track the health and activities of an individual, growing popularity of adventure sports, increased reliance on various smart devices to monitor different health-related metrics, increasing awareness about the different benefits of using a fitness tracker, rising adoption of technology, growing health awareness, and availability of user-friendly devices. Besides, the collaborations between fitness tracker companies such as Fitbit with that of health industry leaders like Apple to study how wearables can help in identifying, and tracking COVID-19 infections is also adding to the fitness tracker watch market growth.
On the contrary, the soaring price of devices and misinterpretation of data for low sensitivity of devices are factors that may limit the global fitness tracker market growth over the forecast period.
Market Segmentation
The MRFR report offers an inclusive segmental analysis of the global fitness tracker market based on end users, application, sales channel, wearing type, age group, and product type.
By age group, the global fitness tracker market is segmented into children’s fitness tracker and adult’s fitness tracker. Of these, the adult’s fitness tracker segment will lead the market over the forecast period for the burgeoning demand from the younger generation.
By product type, the global fitness tracker market is segmented into smart clothing, smart watches, and activity monitors. Of these, the smart clothing segment will spearhead the market over the forecast period.
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By wearing type, the global fitness tracker market is segmented into headwear, legwear, handwear, and others. The others are again segmented into clothwear, torsowear, and others.
By sales channel, the global fitness tracker market is segmented into retail sales and online sales. Of these, the online sales channel will dominate the market over the forecast period.
By application, the global fitness tracker market is segmented into cycling tracking, running, sports, glucose measurement tracking, sleep measurement tracking, and heart rate tracking. Of these, the running segment will command the largest share in the market over the forecast period.
By end users, the global fitness tracker market is segmented into diagnosis center, hospitals, sports, and others.
Regional Analysis
Based on the region, the global fitness tracker market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Among these, North America will lead the market over the forecast period. Easy adoption of devices that are technologically advanced, the presence of a huge pool of health-conscious population, the presence of prominent manufacturers of fitness trackers, consumers increasing disposable income, and change in lifestyle are adding to the global fitness tracker market growth in the region.
The global fitness tracker market in Europe is predicted to have the second-largest share over the forecast period. Increased adoption of innovative technologies, burgeoning need for fitness trackers from sports enthusiasts, increasing revenue, the trend to maintain a healthy lifestyle, the emergence of e-commerce, increasing priority for wireless connected devices, and the launch of higher-end featured devices are adding to the global fitness tracker market growth in the region.
The global fitness tracker market in the APAC region is predicted to grow at a fast pace over the forecast period. Rising awareness about fitness trackers, availability of affordable products in China and India, increasing use of smartphones and laptops, favorable support from the government, rising expenditure on healthcare, and the introduction of features having advanced technology are adding to the global fitness tracker market growth in the region.
The global fitness tracker market in the RoW is predicted to have sound growth over the forecast period.
Key Players
Eminent contenders profiled in the global fitness tracker market report include Xiaomi and Nokia, Misfit Wearable, Inc., Adidas, Nike, Polar, Casio, Jawbone, Suunto, Garmin, Samsung, Fitbit, and Apple Inc.
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Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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jayu123-me · 3 years
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Liquid polybutadiene (LPBD) market is estimated to expand at a CAGR of ~5%
Liquid Polybutadiene (LPBD) Market: Introduction
Transparency Market Research delivers key insights on the global liquid polybutadiene (LPBD) market. In terms of revenue, the global liquid polybutadiene (LPBD) market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors regarding which, TMR offers thorough insights and forecasts in its report on the global liquid polybutadiene (LPBD) market.
The global liquid polybutadiene (LPBD) market is broadly affected by several factors, including fluctuation in prices of raw materials due to volatility in crude oil prices. Major applications for liquid polybutadiene in the tire industry include tire treads, tire carcass and sidewalls, under-treads, and cycle tires. The expansion of the tire industry is projected to boost the demand for liquid polybutadiene from tire manufacturers during the forecast period.
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Liquid Polybutadiene (LPBD) Market: Dynamics
Applications of liquid polybutadiene in the construction industry include insulated glass sealants, binder of dusty and dry quartz sand, binder for soil stabilization, and modifier of silicone sealants. Adhesives based on sulfur-cured liquid polybutadiene polymers can be formulated to suit a wide range of applications from joint sealing to structural bonding. The overall boost in the construction industry signifies high demand for adhesives and sealants over the next few years, which is estimated to boost the liquid polybutadiene market.
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Liquid polybutadiene is extensively utilized for the manufacture of tires in the automotive industry due to characteristics such as ability to control grip, high resistance to wear and tear, superior performance, high fuel-efficiency, and longer shelf life as compared to normal rubber.
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The demand for automotive vehicles, including passenger and commercial vehicles, is increasing across the world. The consistent demand is significantly boosting manufacturing and sales of automotive vehicles. Ongoing shift from conventional fuel automobiles to electric vehicles in the market is also estimated to propel the demand for tires. Factors mentioned above are projected to boost the demand for liquid polybutadiene during the forecast period.
Liquid Polybutadiene (LPBD) Market: Prominent Regions
Asia Pacific dominates the global liquid polybutadiene (LPBD) market. The market in the region is anticipated to expand at a CAGR of 5.6% during the forecast period. The demand for liquid polybutadiene is primarily driven by the presence of leading automotive manufacturers in Asia Pacific such as India, China, Japan, and South Korea. The presence of key producers of liquid polybutadiene (LPBD), such as Kuraray Co., Ltd, NIPPON SODA CO., LTD, Idemitsu Kosan Co. Ltd, and Evonik Industries AG are located in Asia Pacific, which, in turn, is driving the market.
Europe is also a key consumer of liquid polybutadiene (LPBD) across the globe. The presence of well-established liquid polybutadiene (LPBD) manufacturers in the region is driving the demand for liquid polybutadiene (LPBD) in Europe. The rise in usage of synthetic rubber in the rubber industry, owing to volatility in prices of natural rubber, has indicated the expansion in Europe. The usage of liquid polybutadiene as co-agent in the manufacturing process is expected to significantly drive the market in Europe.
Liquid Polybutadiene (LPBD) Market: Key Players
The global liquid polybutadiene (LPBD) products market was consolidated with the presence of key players. Prominent players operating in the global liquid polybutadiene (LPBD) market are Kuraray Co., Ltd., Evonik Industries AG., Evonik Industries AG., Synthomer plc., NIPPON SODA CO., LTD., SABIC., SIBUR, Idemitsu Kosan Co.,Ltd., Cray Valley, and ARLANXEO.
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industry365 · 3 years
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Rubber Molding  Market Size, Share, Growth and Industry Forecast By 2026
The global rubber molding market size is expected to reach USD 51.42 billion by 2026 according to a new study by Polaris Market Research. The report “Rubber Molding Market Share, Size, Trends, Industry Analysis Report By Type (Injection Molding, Transfer Molding, Compression Molding); By Material (EPDM, SBR, Natural Rubber); By End User (Automotive, Healthcare, Industrial, Sporting Goods); By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Molded rubber parts offer excellent performance characteristics and qualities compared to many other materials, which makes it a great choice for a wide range of automotive, healthcare, sports gear and other applications. High demand for automotive tooling among shops supplying the major car makers is creating a demand for new products. Also, these products are highly used in the aerospace industry to perform in extreme pressure and temperature situations on engines and airframes. The companies operating in the rubber molding industry are skilled with industrial mold and they can easily make the transition from industrial products to medical or automotive products as both these industries require similar safety standards.
Globally, rubber molded products is largely being used in automotive, and other industrial sectors. They have various applications in automotive industry for development of products such as rubber bumpers. These bumpers can reduce wear and tear on body parts and increase the durability of vehicle components. When used in industrial applications, they are formulated to suit high temperature areas, refrigeration seals, weathering, oil, and fuel resistance. Some of the other products produced by using molded rubber include grips and handles, gloves, snorkels and swim fins, earplugs and so on.
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Use of molding in development of these products provides excellent processing performance, fast cure rates, reduced cycle times and lower production costs. With increasing end use applications, the demand for these products is growing at an advanced rate which has propelled companies to enhance their research and manufacturing capabilities. For instance, in June 2017, Jokey Group extended its international manufacturing footprint with the acquisition of injection molder Treplas SL in Spain. Furthermore, technological advancement also plays a vital role in development of this industry segment. Emergence of robotics and automated manufacturing techniques are driving the growth of this market at a significant rate.
Factors such as price volatility, shortage of advanced raw material, and regulatory issues are some of the factors that are likely to restrain the growth of this market during the forecast period. As the application of liquid silicone rubber is increasing in automotive, medical and other markets, the molders are experiencing resin shortages. The industry has seen supply shortages caused by a global net reduction in silicone monomer capacity. However, emerging economies and growing presence of international players in the developing and under developed countries is expected to offer significant growth opportunities during the forecast period. Growing population, increasing demand for advanced technologies, rapid development of the automotive industries and growing industrial sectors are providing a new avenue for the players to enhance their business by expanding their global presence.
The global market is dominated by Asia-Pacific as the automotive industry is this regional segment is growing at a rapid pace. Moreover, increasing adoption of advanced vehicles, growing development in industrial sectors and technological advancements are some additional factors driving the growth of the market in this region. Though, this regional segment experiencing a booming market growth, increasing environmental concerns with adoption of rubber and plastic components, and fluctuating raw material prices are expected to have a negative impact.
Furthermore, companies in the North American and European region are strategically strengthening their market presence by adopting expansion, collaborations, acquisitions, agreements and product development as their primary strategies. For instance, in October 2018, Tenneco acquired Federal-Mogul, one of the key players in the US rubber molding industry. Also, various conferences and seminars being held across the globe to create awareness about the advanced technologies and manufacturing processes. For instance, In July 2018, The German Rubber Conference was organized by the Deutsche Keramische Gesellschaft e.V. DKG at the NurnbergMesse GmbH in Nuremberg, Germany.
The key players in the market include Freudenberg and Co. Kg, Continental AG, Sumitomo Riko Co. Ltd., NOK Corporation, Federal-Mogul Corporation, Hutchinson SA, Toyoda Gosei Co., Ltd., Trelleborg AB, Bohra Rubber Pvt. Ltd, and Steele Rubber Products among others.
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Polaris Market research has segmented the Rubber Molding market report on the basis of level, application, material type, product type, product style and region
Rubber Molding Type Outlook (Revenue, USD Million, 2016 – 2026)
Injection Molding
Transfer Molding
Compression Molding
Others
Rubber Molding Material Outlook (Revenue, USD Million, 2016 – 2026)
Ethylene Propylene Diene Monomer (EPDM)
Styrene-Butadiene Rubber
Natural Rubber
Others
Rubber Molding End User Outlook (Revenue, USD Million, 2016 – 2026)
Automotive
Healthcare
Industrial
Sporting Goods
Others
Rubber Molding Regional Outlook (Revenue, USD Million, 2016 – 2026)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
U.S.
Canada
Germany
UK
France
Italy
Spain
Belgium
Russia
Netherlands
Rest of Europe
China
India
Japan
Korea
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Brazil
Mexico
Argentina
Rest of LATAM
UAE
Saudi Arabia
South Africa
Rest of MEA
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Lingerie Market (2019-2026) Hanesbrands Inc, Fruit of the Loom
Latest report published by Maximize Market Research Lingerie Market. We would like you to get the first hand experience of the most granular report published across industry as 80% of our research is primary. We have detailed segmentation By Type, By Application and By Geography. WE will also be providing you with top key players, their revenues, Go to Market strategies and their new product launch and market penetration strategies .
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This report is wide in concept and content right from Lingerie Market was valued US$40.34 Bn in 2019 and is anticipated to reach US$XX Bn by 2026 at a CAGR of XX % during a forecast.
Maximize Market Research added the Lingerie Market report focusing on a comprehensive analysis of the current and prospects of this industry. It details the most optimal or favourable way for the vendors to execute further business expansion and growth during a period of forecast, through successive mergers and acquisitions, geography expansion, research and development, and new product introductions. To calculate the growth rates for each segment and sub-segment, the LingerieMarket has been thoroughly analyzed in terms of past trends, future trends, demographics, technological advancements, and regulatory requirements.Primary and secondary sources of research were used in the compilation of this report. To collect data and curate market information, we interviewed various C-level executives. We also assessed the post-COVID-19 market situation, the threat from the current pandemic and recent end-user needs based on the analysis of our Experts.
Key Companies Operating in this Lingerie Market
• Hanesbrands Inc • Fruit of the Loom • Jockey International • Triumph International • Victoria’s Secret • Wacoal Holdings • Uniqlo • CK • Calida • Aimer Group • Mani Form • Embry Form • Sunflora • Gracewell • Gujin • Jialishi • Farmanl • Hoplun Group • Sunny Group • Cosmo-lady • Essentie • Tiova • Venies • Oleno Group • Ordifen • Audrey • Miiow
Lingerie Market by Scope
Global Lingerie Market by Product Type:
• Bra • Knickers and Panties • Loungewear • Shape wear • Others Global Lingerie Market by Distribution Channel Type:
• Online • Offline Global Lingerie Market by Region:
• North America • Europe • Asia Pacific • Middle East & Africa • Latin America
There are several reasons why you should purchase this Lingeriemarket report in the first place:
• Both internal and external presentations can benefit from reliable data and analysis of prime quality. • By analyzing and integrating regional and national data, developing strategies for the region or country. • Identify and analyze information, data, and insights about competitors in order to formulate effective R&D strategies. • Recognizing emerging players with potentially strong product portfolios is essential when developing effective counterstrategies to achieve competitive advantage. • With just a couple of days’ notice, we deliver the latest reports based on our most recent data. • A merger and acquisition strategy that is profit-driven can be devised by identifying top manufacturers. • Develop corrective measures for pipeline projects based on the depth of products pipelines. • Identify prospective partners with the most appealing projects and develop in- and out-licensing strategies to expand the scope of business. • Identify potential new clients and partners by labelling their target demographic. • Understand how leading companies develop their tactical initiatives by identifying their core interests.
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For the study to understand the market for LingerieMarket products and services, the following objectives must be met:
Growing market highlights are determined by looking at the opportunities and developments in the market, along with the countries and regions playing a key role in the growth of the market.
• Lingerie market dynamics and diverse segments should be studied. • Consider the growth segments of the market and their future market value, along with those segments’ escalating growth potential. • We must analyze the major trends related to each segment in order to determine and convince the current market. • Considering regional characteristics in order to assess the Lingeriemarket’s development. • Understanding the Lingeriemarket’s key stakeholders and how the top players in the market compete. • For an assessment of the key strategies and plans to develop the Lingeriemarket.
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basicchemicals · 3 years
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Outdoor Sports Apparel Industry- Forecast(2021 - 2027)
Market Overview
Global Outdoor Performance Apparel Industry is predicted to register a CAGR of 4.52% during the 2021 to 2027 forecast period. A market research report predicts US$27,879.1 million valuation of the market by 2027. The growth is anticipated to be supported by the growing demand from companies across many industries. Based on the report, the surging usage across different industries will drive growth in the market in the coming years till 2027. However, the growing penetration of alternatives in the market will negatively affect the outdoor performance apparel market’s growth.
 The growing demand for alternatives is anticipated to be another factor which could turn out to be a threat to companies during 2021 to 2027. The market report based on primary and secondary data reveals that type, fabric type, distribution channel, and category segments will witness a healthy growth till 2027.
Competitive Landscape
Outdoor performance apparel based companies have been studied and profiled in the market research report. The outdoor performance apparel market along with its segments and key players has been studied. Outdoor performance apparel business analysis is done to identify competitors and their strategies. The global outdoor performance apparel market research report covers core values, strengths and other key factors about outdoor performance apparel related companies. Competitors to help comprehend their mission, vision, core values, niche market, strengths, and weaknesses. 
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Market Segmentation
The outdoor performance apparel Industry is categorized into smaller segments such as type, fabric type, distribution channel, and category in order to analyze the market. The type, fabric type, distribution channel, and category segments are then categorized further. The type segment is categorized into base layers, boots & shoes, compression wear, jackets & vests, pants & trousers, and others. Analysts have studied these sub segments. Based on fabric type, the global market is further segmented into woven and knit. Based on the study of these segments, analysts have shared market forecasts. On the basis of the distribution channel, the market is segmented into smaller segments including cycling, hunting & fishing, running, ski & snow, swimming & water sports, and others. The category segment is categorized into supermarkets & hypermarkets and specialty stores and online.
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Regional Analysis
The outdoor performance apparel Industry, apart from the product and service related segments, is spread across the world. The regional markets of outdoor performance apparel covered in the report are North America, Europe, Asia-Pacific, the Middle East and Africa as well as the rest of the world.
 The surging usage across different industries is set to be a key growth factor for businesses active in the outdoor performance apparel space. The market across North America is segmented into the United States, Mexico, Canada, and others. Regional markets in the outdoor performance apparel sector across the European market are segmented into Germany, Italy, the United Kingdom, and France. 
The market in the APAC region is segmented into India, China, Japan, and others. Outdoor performance apparel based businesses across the world will be supported by the increasing preference of consumers during the forecast period 2021 to 2027.
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Market Survey on Refinery Service & Maintenance | Trends and Growth Forecast to 2025
Refinery service and maintenance can be defined as a set of activities undertaken to keep refineries in good operational condition while compensating for normal wear and tear. It includes servicing and maintenance of refinery parts such as reactors, columns, pipes, heat exchangers, electrical units, rotary equipment, and instrumentation. It is usually carried-out by companies that construct refineries as part of their contracts with refinery owners.
The global refinery service and maintenance market is primarily driven by the rise in demand for processed fuels and the subsequent increase in the number and capacity of refineries. Maintenance and service are basic requirements of all products and in this case, refineries. However, in the past few years, this aspect has become more crucial owing to rigid environment regulation imposed by governments. This is another major factor driving the global refinery service and maintenance market. On the other hand, fluctuating oil prices have resulted in a fall in the profits of refineries, which has in turn led them to defer refinery maintenance activities. This is one of the major inhibitors of the global refinery service and maintenance market. The market is highly competitive in nature and results in a spiraling cost of providing the service. This is the case because companies try to provide more options and better service products. This has in turn affected the profit margins of service providers, thereby inhibiting the market.
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The global refinery service and maintenance market can be trifurcated based on type, refinery size, and region. In terms of type, the refinery service and maintenance market can be bifurcated into turnaround and maintenance. Maintenance is the routine servicing of refineries carried-out at regular intervals. Turnaround is composed of repairs during and/or at the completion of a process cycle. It includes replacement of a component or equipment.
In terms of refinery size, the refinery service and maintenance market can be classified as small-scale, medium-scale, and large-scale. Classification is derived from the production capacity of refineries; with small-scale refineries are classified as those under 100,000 bbl/d capacity, medium-scale refineries include those ranging between 100,001 bbl/d and 200,000 bbl/d capacity, and large-scale refineries are those refineries having more than 200,001 bbl/d capacity.
In terms of region, the global refinery service and maintenance market can be segmented into North America, Latin America, Middle East & Africa, Europe, and Asia Pacific. In 2016, Asia Pacific and Middle East & Africa cumulatively accounted for a key share of the market.
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Key player operating in the global refinery service and maintenance market include Intertek Group Plc., Clariant International Ltd., General Electric Plc., KIEL Industrial Services AG, Ramboll Group A/S, Arcum Group of Companies, OWS Technical Services, ABB Group, Aker Solutions, CH2M HILL, and Saipem S.p.A.
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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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
North America
Asia Pacific
Europe
Latin America
The Middle East and Africa
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Elastomers Market Size, Segment | Value Share, Leading Players and Forecast to 2027
Market Synopsis
According to the MRFR analysis, the Global Elastomers Market is expected to reach over ~USD 107.1 Billion by the end of 2025 at a CAGR of ~4.8%.
Elastomers are amorphous polymers exhibiting characteristics of rubber in terms of flexibility and elasticity. Various elastomeric products on the account of their high abrasion and heat resistance are used in numerous industrial applications. For instance, TPUs offer excellent mechanical strength and low creep thus are used to manufacture conveyor belts. The rising demand for high-performance elastomers in the automotive and medical industries are the key factors favoring the growth of the elastomers market.
Pricing and Regulatory Analysis
In 2018, the price of Elastomers Market increased from USD 0.19 to USD 0.40 between 2016 and 2018 and is likely to observe a gradual upsurge during the forecast period owing to fluctuating raw material and crude oil prices.
The stringent standards for elastomer analysis may favor the demand for elastomers during the review period. Some of the standards are American Society for Testing and Materials - ASTM D412, ASTM D624, ASTM D3182 ”and International Standard - ISO 34-1:2015.
SEGMENTATION
By Type
Thermoset Elastomers: These polymers     belong to the group of elastomers that cannot be molded once they have     been cured. Thus, on the account of their structural integrity thermoset     elastomers are widely used in high-temperature applications.
Synthetic Rubber: The segment held the     largest market share in 2018 on account of its excellent strength and     flexibility. These elastomers are artificially synthesized and derived     from petroleum-based monomers.
Styrene-Butadiene Rubber (SBR): On account     of its good abrasion and elasticity, it is widely used in pneumatic tires.     SBR on reinforcement exhibits higher strength and durability.
Isobutylene-Isoprene Rubber (IIR): Owing     to its low gas permeability and high resistance finds applications in     inner tires of cars, bicycles and other high-pressure tubes.
Nitrile rubber (NBR): It is used in the     applications that demand oil and heat resistance. Modified nitrile rubber     such as carboxylated nitrile rubbers (XNBR) and hydrogenated nitrile     rubbers (HNBR) exhibit high tensile strength and weather resistance.
Polybutadiene (PBR): It is extensively     used in various parts of automobile tires including sidewall of truck     tires and heavy vehicles for abrasion resistance.
Others: The segment includes acrylic     rubber (ACM) and ethylene-propylene rubber (EPM), among others.
Natural Rubber: It is a bio-based     elastomer obtained from the rubber trees. It is commonly known as Natural     Rubber Latex (NBL) and find wide applications in friction tapes, cement,     and adhesives. However, the natural rubber is usually vulcanized to     enhance the chemical properties.
Thermoplastic Elastomers: It is projected     to be the fastest-growing segment during the forecast period due to     significant advantages over conventional thermosetting elastomers. These     elastomers are recyclable and are capable of being remolded.
Thermoplastic Polyurethane (TPU): On     account of excellent flexibility over a wide temperature range and high     abrasion resistance, it is extensively used in a foray of industrial     applications such as seals and gaskets, sealants, andconveyor belts.
Thermoplastic Styrenic elastomers (TPS):     They are styrene block copolymers with excellent flexibility and     elasticity and commonly used in footwear, belts, and adhesives.
 Others: The segment includes      thermoplastics polyester-ether elastomer (TPE-E) and thermoplastic      polyamide elastomers (TPE-A), among others.
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 By End-Use Industry
Automotive: The automotive segment     accounted for more than 62% market share in 2018. This is primarily due to     the increased use of elastomers in various applications such as airbags,     tires, gaskets, bumpers, and HVAC systems. In the automotive industry, the     demand for elastomers in interior applications is expected to increase at     a significant rate during the forecast period.
Medical: It is projected to be the     fastest-growing segment during the review period. The increasing use of     elastomers on account of hydrolytic stability and ease of sterilization in     variety of applications such as peristaltic pump catheters, needleless     syringes, and valves is fueling the demand for elastomers in the medical     industry. Additionally, the rising innovations to develop bio-based     elastomers offers a wide range of opportunities to produce artificially     synthesized biocompatible organs.
Electronics: A variety of elastomers     exhibit low electrical conductivity and thus are suitable for insulation     purposes. For instance, ethylene-propylene rubber is used to insulate     indoor and outdoor high voltage cables.
Textiles: Elastomeric fabrics on the     account of their lightweight and stretchability are used in a variety of     garments including cycling shorts, swimsuits, and athletic wear.
Others: The segment includes aerospace     & defense, oil & gas, and construction.
By Region
Asia-Pacific: The regional market held a     dominant share in 2018 and is expected to maintain its dominance during     the review period. The increasing disposable income coupled with expanding     automotive and textile industries in the region are fueling the regional     market growth.
North America: The market growth is     driven by the demand for high-performance elastomers in the aerospace and     medical industries.
Europe: A firm market owing to the demand     for elastomers in the automotive industry. Additionally, the rising     automobile exports from the region is aiding market growth.
Latin America: The growing healthcare and     electronics industries is driving the demand for elastomers in Latin     America.
Middle East & Africa: The expanding     automotive industry and rising constructional activities in the region are     contributing to the regional market growth.
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 About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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