#North America Footwear Market Share

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A Deep Dive into the North America Footwear Market: Insights and Analysis

The North America footwear market size was estimated at USD 97.00 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2030. The increasing demand for stylish and comfortable footwear among consumers is fueling the market. The growing popularity of sports such as football, basketball, and various snow sports is expected to create strong opportunities for the growth of the market over the forecast period. Furthermore, the rising instances of lifestyle-related health issues, such as stress and obesity, are pushing an increasing number of people to engage in sports and fitness activities, which is fueling the demand for comfortable and stylish footwear.

The North America market accounted for a share of 24.1% of the global footwear market in 2023. A high concentration of footwear manufacturers in the U.S. and the rest of North America is a key factor driving the market. Big players such as Nike, VF Corporation, Under Armour, New Balance, and Skechers USA, Inc. are headquartered in the U.S., where product innovations and research & development are incorporated and new products are launched every year. Major manufacturers are adopting various marketing strategies, including expanding distribution channels, entering the e-commerce space, and collaborating with celebrities, to gain maximum customer penetration.

The increased demand for sustainable footwear is a trend that is gaining traction in the global market. According to the U.S. Department of the Interior, around 20 billion pairs of footwear are created annually, and approximately 300 million end up in landfills, with a majority of them containing non-biodegradable materials, including synthetic rubber, EVA foam, PU, and PVC. There has been a growth in the use of sustainable materials and of sustainable footwear brands that have built sustainability into their brands from their inception. For instance, Nike with Nike Grind experimented with breaking down footwear into pellets, turning them into material for flooring instead of new footwear.

Gather more insights about the market drivers, restrains and growth of the North America Footwear Market

Key North America Footwear Company Insights

The North America footwear market is characterized by the presence of several well-established players such as Nike, Inc.; Adidas AG.; PUMA; Timberland; Skechers USA, Inc.; and Under Armour Inc. These players account for a considerable market share and have a strong presence in the region. Companies in the market are focusing on collaborations to introduce innovative products to address the evolving needs of customers and to gain a competitive edge over other manufacturers.

North America Footwear Market Report Segmentation

This report forecasts revenue growth at regional and country levels and provides an analysis on the latest trends in each of the sub-segment from 2018 to 2030. For this study, Grand View Research has segmented the North America footwear market report based on type, end-use, and country:

Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Athletic

• Non Athletic

End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Men

• Women

• Children

Country Outlook (Revenue, USD Billion, 2018 - 2030)

• Canada

• U.S.

• Mexico

Order a free sample PDF of the North America Footwear Market Intelligence Study, published by Grand View Research.

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Vinyl Acetate Polymers Market

Vinyl Acetate Polymers Market Size, Share, Trends: Celanese Corporation Leads

Shift Towards Sustainable and Bio-based Vinyl Acetate Polymers

Market Overview: The Vinyl Acetate Polymers Market is expected to develop at a 6.2% CAGR from 2024 to 2031. The market's worth is predicted to increase from USD XX billion in 2024 to USD YY billion by 2031. Asia-Pacific now dominates the market, with North America and Europe following closely after. Key metrics include the volume of vinyl acetate polymers produced, consumption patterns across industries, and raw material pricing trends.

The market is steadily expanding due to rising demand from the packaging industry, increased building activity around the world, and the growing acceptance of eco-friendly adhesives. Vinyl acetate polymers, noted for their versatility, outstanding adhesive qualities, and low cost, are increasingly important in a wide range of industries.

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Market Trends: A noteworthy trend in the vinyl acetate polymers market is a greater emphasis on sustainability and the development of bio-based alternatives. Manufacturers are investing in R&D to produce vinyl acetate polymers from renewable resources in response to rising environmental concerns and harsher restrictions.

For example, a major chemical manufacturer recently launched a new range of bio-based vinyl acetate ethylene (VAE) emulsions made partially from plant-based ingredients. This product has a 20% lower carbon footprint than standard petroleum-based VAE emulsions, while keeping comparable performance attributes.

Another rising trend is the utilisation of recycled content in vinyl acetate polymer manufacturing. A prominent manufacturer reported successfully using up to 30% recycled content in their polyvinyl acetate (PVA) adhesives without sacrificing product quality, responding to the growing need for circular economy solutions in the adhesives business.

As consumers and industries place a greater emphasis on sustainability, we can expect this trend to drive innovation and transform the vinyl acetate polymers market in coming years.

Market Segmentation: Ethylene vinyl acetate (EVA) is the largest section of the vinyl acetate polymer market. Its dominance is due to its vast range of applications, which include packaging films, adhesives, solar panel encapsulants, and foam materials.

The EVA category has grown significantly in recent years, particularly in the packaging and solar energy industries. For example, the use of EVA in solar panel encapsulation has increased by 20% per year over the last three years, owing to the rapid growth of the solar energy industry.

Because of its lightweight and cushioning characteristics, EVA has become a popular midsole material in the footwear industry. A major sports footwear maker recently said that 70% of their new shoe models now have EVA in the midsole, up from 50% three years ago.

The EVA segment also benefits from continuous R&D efforts to improve its characteristics and broaden its applications. For example, recent improvements in EVA foam technology have resulted in the development of new automobile interior materials with increased sound insulation and impact resistance.

Market Key Players:

Celanese Corporation

Dow Inc.

Wacker Chemie AG

Sinopec Group

LyondellBasell Industries N.V.

Kuraray Co., Ltd.

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

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[kristinahertzz]

Diabetic Footwear Market

Global Diabetic Footwear Market Size, Share, Trends: Dr. Comfort (DJO Global) Lead

Integration of Smart Technologies in Diabetic Footwear

Market Overview:

The global diabetic footwear market is expected to develop at a CAGR of 7.8% between 2024 and 2031, reaching USD YY billion by 2031. North America dominates the market, with 40% of the global share. Key metrics include rising diabetes prevalence, increased understanding of diabetic foot care, and growing use of preventive healthcare treatments.

The diabetic footwear industry is expanding rapidly, owing to an increasing global diabetes population and a greater emphasis on foot health among diabetics. Technological developments in shoe design, an increasing senior population, and a shift towards more comfortable footwear are all driving market growth. The market is seeing a boom in product advancements designed to improve diabetics' comfort, fit, and general foot health.

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Market Trends:

The diabetic footwear industry is seeing a considerable trend towards the integration of smart technologies. The growing desire for personalised healthcare solutions, as well as the increased acceptance of wearable technologies, are driving this change. According to a recent International Diabetes Federation report, smart diabetic footwear has the potential to minimise the risk of foot ulcers by up to 70% by detecting pressure points and temperature changes early. Major manufacturers are investing in R&D to create shoes with embedded sensors that can assess foot health, pressure distribution, and activity levels. The industry is also experiencing an increase in the usage of 3D printing technology to make custom-fit insoles and shoes based on unique foot shapes and pain spots.

Market Segmentation:

The shoes segment dominates the market, accounting for over YY% of the global market share. Diabetic shoes remain the largest segment of the market due to their extensive foot protection and support features. These shoes have increased depth, seamless interiors, and specialised insoles to alleviate pressure points and lower the risk of foot ailments. In recent years, the footwear industry has seen substantial innovation, such as the development of lightweight materials, increased ventilation, and customisable fitting methods.

Recent advances in diabetic shoe technology have resulted in the development of smart shoes with built-in sensors. For example, a leading diabetic footwear business has introduced a line of smart shoes that can detect changes in foot temperature and pressure, alerting users to possible problems before they become serious difficulties. This invention has helped the brand get a greater market share in the premium diabetic footwear category.

The shoe market has also expanded significantly in emerging economies, where rising disposable incomes and increased knowledge of diabetic foot care are driving demand. In India, for example, the sale of diabetic shoes climbed by 20% in 2023, thanks to government attempts to enhance diabetes management and rising health awareness among urban residents.

Market Key Players:

Dr. Comfort (DJO Global)

Aetrex Worldwide, Inc.

Orthofeet Inc.

Propet USA, Inc.

Podartis Srl

DJO Global Inc.

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

Website: https://aurorawaveintellects.com/

[research-fusion]

3D Printing Materials Industry: Global Forecast on Size, Share, and Growth 2024-2032

The global 3D printing materials market size was USD 1.53 billion in 2018 and is projected to reach USD 3.78 billion by 2026, exhibiting a CAGR of 12.1% during the forecast period. The increasing application of 3D printing in various end-user industries such as aerospace, automotive, military, and healthcare will have a positive impact on the 3D printing materials market revenue during the forecast period. Moreover, one of the major 3D printing materials market trends include the increasing knowledge of 3D printing as a faster manufacturing process than conventional manufacturing processes such as injection molding, and subtractive production.

As per the published report by Fortune Business Insights, titled “3D Printing Materials Market Size, Share & Industry Analysis, By Type (Plastics, Metals, Ceramics, and Others), By End-Users (Automotive, Aerospace & Defense, Industrial, Medical, and Others), and Regional Forecast, 2019-2026” the market size stood at USD 1.53 billion in 2018. The 3D printing materials market report focuses and elaborates the definition, types, applications and major players in detail. Deep analysis about 3D printing materials market outlook, competition pattern, enterprise, advantages and disadvantages of enterprise products, industry development trends, regional industrial layout characteristics and macroeconomic policies, industrial policy has also been studied and provided within the synopsis. From raw materials to downstream buyers of this industry has been analyzed scientifically, the feature of product circulation and sales channel is presented as well. This report is aimed at helping companies, investors and potential shareholders along with venture capitalists establish a bird’s eye view prospect of industrial development and characteristics of the market. The report also benefits its readers by providing the unrivalled data in well-organized manner.

The Report Lists the Key Companies in the 3D Printing Materials Market:

Stratasys Ltd.

3D Systems, Inc.

Materialise NV

Markforged, Inc.

EOS GmbH

Höganäs AB

Arkema

Royal DSM N.V.

ExOne

GE Additive

Evonik Industries AG

Höganäs AB

BASF SE

Covestro AG

Market Driver:

Growing Adoption of 3D Printing Technology to Spur Opportunities

The rising shift from conventional printing to 3D printing technology will bolster healthy growth of the market in the foreseeable future. 3D printing offers properties including, reduced waste, complexity in designs, cost-effectiveness, and improved design modification. Moreover, the increasing awareness regarding the proven benefits of 3D printing has attracted manufacturers from various sectors. Food, footwear, music, jewelry, and medical sectors are implementing the technology for the manufacturing and development of new products at lower cost. This, factor uplift the 3D printing materials market share in the forthcoming years. In addition, the growing utilization of 3D printed parts in aerospace, automotive, and military applications will enable speedy growth of the market during the forecast period. Nonetheless, 3D printing enables designers to create complex parts at low cost along with production feasibility. For instance, components created from titanium in aerospace industry are usually 3D printed as it offers high dimensional accuracy, and great mechanical properties.

Get More Information: https://www.fortunebusinessinsights.com/3d-printing-material-market-102296

Regional Analysis:

Booming Aviation Industry to Propel Growth in North America

The market in North America generated a revenue of USD 0.58 billion in 2018 and is predicted to witness high growth during the forecast period owing to the rising demand from aerospace, military, and medical industry. The burgeoning aviation industry will create growth opportunities for the market in the region in the forthcoming years. The growing requirement for aircrafts and stellar demand for metal in the defense will boost the market in North America. Europe is predicted to grow rapidly during the forecast period owing to the increasing adoption of 3D printing technology in healthcare. 3D printing is extensively used to manufacture implants and prosthetics at a very low cost. Thus, the rising demand for 3D printing technology in various sectors will contribute positively to the growth of the market in Europe.

Key Development:

November 2019: The acquisition of Sculpteo by BASF, a German chemical company and the second largest chemical producer in the world. BASF aims to enhance its position in the 3D printing industry and expand its sales channel with the new development.

[insightsresearch]

Seam Tapes Market By Industry Growth, Size, Share, Demand, Trends and Analysis Research Report

Analysis of Seam Tapes Market Size by Research Nester Reveals the Market to Register a CAGR of 8.4% During 2025-2037 and Attain ~USD 448.6 billion by 2037

Research Nester assesses the growth and market size of the global seam tapes market, which is anticipated to be driven by its increasing application in healthcare apparel and footwear products.

Research Nester’s recent market research analysis on “Seam Tapes Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and overview of the global seam tapes market in terms of market segmentation by material type, application, end use industry, and by region.

High Demand for Sustainable Seam Tapes in the Automotive Sector

The seam tape sales are projected to increase at a high pace owing to the growing sustainability trend. The environmentally conscious users are widely demanding sustainable seam tapes to comply with strict environmental regulations. The automotive sector is one of the major users of eco-friendly seam tapes due to the stringent rules on greenhouse gas emissions. The sustainable seam tapes are used for the fixation of interior wires and components in the vehicles that contribute to weight reduction and increase the fuel efficiency of vehicles, aiding in mitigating carbon footprint. For instance, in 2021, Bemis Associates Inc. in collaboration with DuPont Tate & Lyle Bio Products announced the launch of a ‘Bio-based Sewfree 3700’ sealant product. This product is made using a plant-based building block ‘Susterra’ by DuPont Tate & Lyle Bio Products, which helps in carbon footprint reduction.

Growth Drivers:

The rising outdoor activities such as sports are boosting high demand for waterproof and breathable seam tapes.

The growing popularity of smart textiles is fuelling the adoption of advanced seam tapes.

Challenges

The high cost of advanced seam tapes is expected to lower its sales growth to some extent in the coming years. The production of advanced sealing solutions requires significant investments in research and development activities, which drives up the overall product costs. Small and medium-sized organizations are often deterred from adopting these advanced seam sealing solutions due to their low budgets.

Access our detailed report at: https://www.researchnester.com/reports/seam-tapes-market/6648

Based on application, the waterproofing segment is estimated to capture 40.1% of the global market share through 2037. The use of seam tapes is high in sportswear products such as jackets and swimsuits as these offer high performance, durability, and waterproofing capabilities. They effectively eliminate water entry from needle stitches and are also resistant to moisture. The rise in outdoor activities especially sports is set to drive the sales of sports clothing and footwear, subsequently fuelling the demand for advanced seam tapes.

By region, North America is expected to account for 33.3% of the global market share through 2037. The strong presence of key market players and end use industries is substantially augmenting the sales of seam tapes in the region. North America has a high presence of early adopters who widely adopt smart textiles. This aspect is significantly contributing to the high demand for seam tapes in smart textile manufacturing for effective and reliable bonding.

Customized report@ https://www.researchnester.com/customized-reports-6648

This report also provides the existing competitive scenario of some of the key players of the global seam tapes market which includes company profiling of Bemis Associates Inc., 3M Company, Sealon, Himel Corp, Sattler Sun Tex GmbH, Loxy AS, Traxx Corporation, Benjamin Obdyke, Inc., Lohmann GmbH & Co.KG, Gerlinger Industries GmbH, Adhesive Films, Inc., San Chemicals Ltd, HB. Fuller Company, Wacker Chemie AG, Sika AG, PPG Industries, Huntsman Corporation, DuPont de Nemours, Inc., and OX Engineered Products.

Request Report Sample@ https://www.researchnester.com/sample-request-6648

 Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives make wise decisions for their future marketing strategy, expansion investment, etc. We believe every business can expand to its new horizon, provided the right guidance at the right time is available through strategic minds. Our out-of-the-box thinking helps our clients to make wise decisions to avoid future uncertainties.

Contact for more Info:

AJ Daniel

Email: info@researchnester.com

U.S. Phone: +1 646 586 9123

[marketresreasrch]

Food Service Packaging Market: Innovations and Sustainability Shaping the Future of the Industry

Food Service Packaging Market Values : 

The global Food Service Packaging Market Size was valued at USD 118.75 Billion in 2022 and is projected to reach from USD XX Billion billion in 2023 to USD 174.05 Billion by 2031, growing at a CAGR of 4.34% during the forecast period.

Food Service Packaging Market Report Scope and Research Methodology

This report provides an in-depth analysis of the global landscape of the Food Service Packaging Market, focusing on current industry trends, key players, and emerging technologies. It aims to deliver a thorough understanding of the market dynamics, including the drivers, challenges, opportunities, and risks that are shaping the growth of the computer vision industry. To ensure accuracy and reliability, the research methodology combines both primary and secondary data sources.

Request for a sample of this research report : https://straitsresearch.com/report/food-service-packaging-market/request-sample 

The report offers a detailed examination of the leading companies within the Food Service Packaging Market. It discusses their strategies to enhance market share and maintain a competitive edge in various sectors, utilizing approaches such as strategic partnerships, mergers and acquisitions, geographic expansion, and the launch of new products. This analysis provides insights into the strategic initiatives, product offerings, performance, and operational divisions of these companies, offering a clear view of the competitive landscape.

Global Food Service Packaging Market Growth

Furthermore, the report helps decision-makers by providing a comprehensive view of the industry through Porter's Five Forces and PESTEL analyses, which assess both external and internal factors. These tools provide valuable insights into the industry's future outlook and guide informed decision-making.

Food Service Packaging Market Regional Insights

The Regional Insights section of the report presents a detailed analysis of regional trends and dynamics influencing market growth in various parts of the world. It highlights key regional developments, infrastructure projects, and demographic shifts that are driving demand for the Food Service Packaging Market. The report segments the market into five key regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. It also discusses the role of major regional players and their contributions to the overall market expansion.

Directly Purchase a Copy of the Report | Quick Delivery Available : https://straitsresearch.com/buy-now/food-service-packaging-market 

Segmental Analysis

By Product Type

Corrugated Boxes and Cartons

Plastic Bottles

Trays, Plates, Food Containers, and Bowls

Cups and Lids

Clamshells

Other Product Types

By End-User Industries

QSR

Full-service Restaurants

Institutional

Hospitality (Dine-ins, Coffee and Snack, etc.)

Other End-user Industries

Food Service Packaging Market Key Players

Pactiv Evergreen Inc.

Dart Container Corporation

Genpak Corporation

Amhil North America

Huhtamaki Americas Inc.

Sabert Corporation

Berry Global Inc.

Novolex Packaging

Silgan Plastic Food Container

Graphic Packaging

Amcor PLC

Get Access to The Full Market TOC : https://straitsresearch.com/report/food-service-packaging-market/toc  

Frequently Asked Questions:

How big is the Food Service Packaging Market?

Which region has the highest growth rate in the global market?

Which are the key verticals adopting the global Food Service Packaging Market ?

What are the key drivers supporting the growth of the global Food Service Packaging Market?

What are the upcoming trends in the global Food Service Packaging Market?

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U.S. Contact: +1 646 905 0080

U.K. Contact: +44 203 695 0070

Read Our Related Report : 

https://www.blogbursts.in/sustainable-footwear-market-projected-to-reach-usd-14-13-billion-by-2031-with-a-5-3-cagr/

[trendsofmarket]

Analysis of Seam Tapes Market Size, Share, Trends, Global Report, Industry Forecast

Research Nester assesses the growth and market size of the global seam tapes market, which is anticipated to be driven by its increasing application in healthcare apparel and footwear products.

Research Nester’s recent market research analysis on “Seam Tapes Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and overview of the global seam tapes market in terms of market segmentation by material type, application, end use industry, and by region.

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High Demand for Sustainable Seam Tapes in the Automotive Sector

The seam tape sales are projected to increase at a high pace owing to the growing sustainability trend. The environmentally conscious users are widely demanding sustainable seam tapes to comply with strict environmental regulations. The automotive sector is one of the major users of eco-friendly seam tapes due to the stringent rules on greenhouse gas emissions. The sustainable seam tapes are used for the fixation of interior wires and components in the vehicles that contribute to weight reduction and increase the fuel efficiency of vehicles, aiding in mitigating carbon footprint. For instance, in 2021, Bemis Associates Inc. in collaboration with DuPont Tate & Lyle Bio Products announced the launch of a ‘Bio-based Sewfree 3700’ sealant product. This product is made using a plant-based building block ‘Susterra’ by DuPont Tate & Lyle Bio Products, which helps in carbon footprint reduction.

Growth Drivers:

The rising outdoor activities such as sports are boosting high demand for waterproof and breathable seam tapes.

The growing popularity of smart textiles is fuelling the adoption of advanced seam tapes.

Challenges

The high cost of advanced seam tapes is expected to lower its sales growth to some extent in the coming years. The production of advanced sealing solutions requires significant investments in research and development activities, which drives up the overall product costs. Small and medium-sized organizations are often deterred from adopting these advanced seam sealing solutions due to their low budgets.

Access our detailed report at:

Based on application, the waterproofing segment is estimated to capture 40.1% of the global market share through 2037. The use of seam tapes is high in sportswear products such as jackets and swimsuits as these offer high performance, durability, and waterproofing capabilities. They effectively eliminate water entry from needle stitches and are also resistant to moisture. The rise in outdoor activities especially sports is set to drive the sales of sports clothing and footwear, subsequently fuelling the demand for advanced seam tapes.

By region, North America is expected to account for 33.3% of the global market share through 2037. The strong presence of key market players and end use industries is substantially augmenting the sales of seam tapes in the region. North America has a high presence of early adopters who widely adopt smart textiles. This aspect is significantly contributing to the high demand for seam tapes in smart textile manufacturing for effective and reliable bonding.

This report also provides the existing competitive scenario of some of the key players of the global seam tapes market which includes company profiling of Bemis Associates Inc., 3M Company, Sealon, Himel Corp, Sattler Sun Tex GmbH, Loxy AS, Traxx Corporation, Benjamin Obdyke, Inc., Lohmann GmbH & Co.KG, Gerlinger Industries GmbH, Adhesive Films, Inc., San Chemicals Ltd, HB. Fuller Company, Wacker Chemie AG, Sika AG, PPG Industries, Huntsman Corporation, DuPont de Nemours, Inc., and OX Engineered Products.

Request Report Sample@

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives make wise decisions for their future marketing strategy, expansion investment, etc. We believe every business can expand to its new horizon, provided the right guidance at the right time is available through strategic minds. Our out-of-the-box thinking helps our clients to make wise decisions to avoid future uncertainties.

Contact for more Info:

AJ Daniel

Email: info@researchnester.com

U.S. Phone: +1 646 586 9123

[industrynewsupdates]

Cycling Wear Market: Key Players and Competitive Landscape

The global cycling wear market size is expected to reach USD 7.88 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.6% from 2020 to 2027. Cycling wear has been gaining increasing traction among the consumers on account of rise in awareness related to health and fitness worldwide. This is expected to boost the demand for the bicycle and subsequently drive the cycle wear demand over the forecast period.

Moreover, with more and more people moving to urban areas, modern public and private transportation systems are getting over strained. For the residents of metro cities, especially office workers and students, cycles present a cheap and convenient way to navigate through busy streets and long traffic jams. In some cities, public transportation infrastructure simply isn't that good to be called, so for them bicycles are a good way as a travelling option from one place to other.

Many prominent companies in the cycle related product manufacturing are coming up with new products for the enthusiasts. For instance, Rapha, a cycle product manufacturer, recently launched a new turbo- specific clothing range for the indoor cycling. These clothing range includes sleeveless t-shirts, core cargo shorts, and indoor training towel, which will be effective in sweat reduction.

Gather more insights about the market drivers, restrains and growth of the Cycling Wear Market

Cycling Wear Market Report Highlights

• By product, cycling wear apparel accounted for the largest share of 68.8% in 2019 and is expected to maintain its lead during the forecast period. These products are designed with high category clothing material offering good comfort to the rider, along with other attributes including durability, moisture resistance, waterproof, windproof, and high visibility

• Based on distribution channel, hypermarket and supermarket retail sector accounts for the largest share of more than 39.8 % in 2019, driven by the demand for cycling apparel by the professional and casual riders impending to the safety while riding

• Europe is emerged as the largest regional market with a share of 29.1% in 2019 and is expected to witness significant growth over the forecast period. This is attributed to rise in awareness related to health and fitness among the consumers.

Browse through Grand View Research's Clothing, Footwear & Accessories Industry Research Reports.

• The global bicycle daytime running lights market was estimated at USD 147 million in 2023 and is projected to grow at a CAGR of 8.9% from 2024 to 2030. 

• The global bicycle lights market size was estimated at USD 374 million in 2023 and is projected to grow at a CAGR of 9.8% from 2024 to 2030.

Cycling Wear Market Segmentation

Grand View Research has segmented the global cycling wear market on the basis of product, distribution channel, and region:

Cycling Wear Product Outlook (Revenue, USD Million, 2016 - 2027)

• Cycle wear apparel

• Cycle wear accessories

Cycling Wear Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Hypermarket and Supermarket

• Sports Variety Stores

• E-commerce

• Others

Cycling Wear Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America

o U.S.

• Europe

o Germany

o France

o U.K.

• Asia Pacific

o China

o Japan

• Central & South America

o Brazil

• Middle East & Africa (MEA)

Order a free sample PDF of the Cycling Wear Market Intelligence Study, published by Grand View Research.

[timesofinnovation]

Adidas is witnessing a significant resurgence, notably in its wholesale business, having reported a notable 17 percent increase in currency-neutral revenue last quarter. This growth signals a revitalized partnership with key retailers like Foot Locker and JD Sports Fashion, which have reinstated their confidence in the brand. Under the leadership of CEO Bjorn Gulden, Adidas has pivoted towards a back-to-basics strategy focused on sports, growing its footwear and apparel lines. This approach includes leveraging the rising popularity of timeless models such as the Samba and Gazelle. Gulden, who has been steering the company since January 2023, is now set to launch additional products that he believes will capture consumer interest further. Adidas's renewed retail strategy contrasts sharply with the challenges faced by its main competitor, Nike, which is struggling to maintain sales of flagship models like the Air Force 1 and Dunk sneakers. In contrast, Adidas has seen expanding sales across Europe and Latin America and 9% growth in Greater China. While sales dropped by 8% in North America—largely due to the diminished Yeezy line—excluding Yeezy, there was notable growth. The pressure remains on Adidas to navigate the evolving landscape successfully. The company has scrapped the Yeezy line following controversies, but forecasts suggest its non-Yeezy segments may help it regain market share. Analysts project a further increase in forex-neutral sales, indicating a positive trajectory for the remaining months of 2024.

[market-insider]

Sportswear Products: Analyzing Current Market Dynamics, Size, Share, Growth Trends

The global sportswear market size is anticipated to reach USD 646.01 billion by 2030 registering a CAGR of 9.9%, according to a new report by Grand View Research, Inc. The market is driven by rise in demand for trendy and comfortable sports shoes and clothes. Increasing participation in sports and fitness activities due to rising awareness about leading a healthy lifestyle is another major factor driving the market. Fitness activities help overcome stress related issues, such as obesity, heart diseases, depression, asthma, and diabetes.

Sportswear Market Report Highlights

Sports footwear accounted for a revenue share of 64.8% in 2023 due to its essential role in various athletic activities and the significant technological advancements in this segment.

Online distribution channel segment is projected to register the fastest CAGR 11.5% from 2024 to 2030 due to increasing popularity of e-commerce and number of smartphone users along with fast-paced lifestyle

In addition, heavy discounts and easy refund option offered by online portals are driving the segment growth further

The sportswear market in North America accounted for a revenue share of 33.3% in 2023 and is projected to remain dominant throughout forecast period

For More Details or Sample Copy please visit link @: Sportswear Market Report

Asian countries like India and China offer lucrative growth opportunities to international companies. According to the Indian Union Ministry of Textiles, India’s textile and apparel exports were valued at Rs.189.56 billion for the month of November 2018 and it will grow further at a good pace. Improved living standards, low costs of manufacturing, and increasing disposable income levels in developing countries are the factors propelling the market in APAC region. The shoes segment accounted for the largest market share of 65.29% in 2018 and is projected to maintain the leading position throughout the forecast years due to rising demand for athletic shoes.

The clothes segment is expected to register the fastest CAGR from 2019 to 2025. Technological advancements in sportswear, such as use of reactive materials and fabrics that monitor heart rate, respiratory activity, and posture, are driving the growth of this segment. On the basis of end user, the market is segmented into men, women, and kids. The men segment held the largest market share of more than 50% in 2018. It is expected to remain the dominant segment throughout the estimated period. However, the women segment is projected to expand at the highest CAGR of 10.7% from 2019 to 2025.

List Of Key Players in the Sportswear Market

Nike, Inc.

Adidas AG

LI-NING Company Limited

Umbro Ltd.

Puma SE, Inc.

Fila, Inc.

Lululemon Athletica Incorporation

Under Armour

Columbia Sportswear Company

Anta Sports Products Limited, Inc.

For Customized reports or Special Pricing please visit @: Sportswear Market Analysis Report

We have segmented the global sportswear market on the basis of product, distribution channel, end-user, and region.

[businessindustry]

Tennis Wear Market Report, Size, Share 2024 to 2032 by Reports and Insights

The Reports and Insights, a leading market research company, has recently releases report titled “Tennis Wear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Tennis Wear Market, 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 Tennis Wear Market?

The global tennis wear market size reached US$ 2.1 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 2.8 billion in 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032.

What are Tennis Wear?

Tennis wear consists of athletic clothing specifically designed to enhance performance and comfort during tennis activities. This apparel usually includes moisture-wicking shirts, breathable shorts or skirts, and supportive tennis shoes with durable soles for optimal grip on the court. Designed to offer flexibility, freedom of movement, and effective temperature control, tennis wear helps players stay cool and comfortable while they play. Additionally, contemporary tennis wear often combines functionality with style, featuring advanced fabrics and stylish designs to meet the needs of both amateur and professional athletes.

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What are the growth prospects and trends in the Tennis Wear industry?

The tennis wear market growth is driven by various factors and trends. The tennis wear market is expanding as more people engage in tennis and seek high-performance athletic apparel. This market encompasses a variety of clothing designed for both comfort and functionality, including moisture-wicking shirts, breathable shorts and skirts, and durable tennis shoes. Growth in the market is fueled by advancements in fabric technology that enhance performance, as well as by the increasing popularity of tennis as both a recreational and competitive sport. Fashion trends also play a role, with consumers looking for stylish yet practical tennis wear. As the demand for quality tennis apparel rises among players of all levels, the market continues to grow with a wide range of options to suit different needs and tastes. Hence, all these factors contribute to tennis wear market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Product Type:

Tennis Apparel

Tops/Shirts

Shorts

Skirts/Dresses

Pants/Leggings

Jackets/Sweatshirts

Others

Tennis Footwear

Tennis Shoes

Socks

Tennis Accessories

Tennis Bags

Caps/Hats

Wristbands/Headbands

Gloves

Others

By Gender:

Men's Tennis Wear

Women's Tennis Wear

Unisex Tennis Wear

Kids' Tennis Wear

By Distribution Channel:

Online Retail

Offline Retail

Sports Retail Stores

Specialty Stores

Department Stores

Others

Market Segmentation By Region:

North America:

United States

Canada

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

Asia Pacific:

China

India

Japan

Australia & New Zealand

ASEAN

Rest of Asia Pacific

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Middle East & Africa:

Saudi Arabia

United Arab Emirates

South Africa

Egypt

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Nike, Inc.

Adidas AG

Under Armour, Inc.

FILA Holdings Corp.

Lululemon Athletica Inc.

Lacoste S.A.

ASICS Corporation

Wilson Sporting Goods Co.

HEAD NV

Babolat VS S.A.

New Balance Athletics, Inc.

Puma SE

Yonex Co., Ltd.

Lotto Sport Italia S.p.A.

Diadora Sport S.p.A.

Others

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[marketresreasrch]

Dishwash Laundry Care Market Forecast Navigate the $89 Billion Industry Towards 2031

Dishwash Laundry Care Market Market Size

The global Dishwash Laundry Care Market Size was valued at USD 89,002.29 Million in 2022 and is projected to reach from USD XX Million billion in 2023 to USD 129110.27 Million by 2031, growing at a CAGR of 4.22% during the forecast period.

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Overview

The Dishwash Laundry Care Market is a dynamic and fast-evolving sector that encompasses a wide range of products and services. The market is highly competitive, with key players focusing on innovation, product differentiation, and expanding their geographical presence. The growing need for [Specific Solutions] has made this sector a focal point for investments and advancements in technology.

Global Dishwash Laundry Care Market Market Scope

The scope of the Dishwash Laundry Care Market is vast, covering various sectors such as Key Sectors. The market is characterized by a high degree of fragmentation, with both established players and new entrants competing for market share. The scope for growth is particularly high in regions such as Region

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Segmentation

By Product Type

Dishwash Care

Laundry Care

By Sales Channel

Hypermarkets/Supermarkets

Convenience/Grocery Stores

E-commerce

Other Distribution Channels

Top Key Manufactures : 

Procter and Gamble Company

Unilever PLC

The Clorox Company

Reckitt Benckiser Group PLC

Church and Dwight Co. Inc.

Alticor (Amway Corporation)

Colgate-Palmolive Company

Henkel AG and Co. KGaA

Nirma

Kao Corporation

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Regional Analysis

The Dishwash Laundry Care Market is experiencing growth across all major regions, with particular emphasis on Asia-Pacific. The North American market is dominated by Key Market Players, while the Asia-Pacific region is expected to grow at the highest rate due to Driving Factors. Europe and Latin America also show promising growth potential, driven by Market Factors. The COVID-19 pandemic has had a significant impact on the Dishwash Laundry Care Market, affecting supply chains, production schedules, and consumer behavior. 

Key Questions Answered

What is the current market size for the Dishwash Laundry Care Market?

What are the key drivers influencing market growth?

What are the major challenges faced by market players?

How has COVID-19 impacted the industry?

What are the latest trends and innovations in the Dishwash Laundry Care Market?

About Us

Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enable us to determine greater insights by eliminating the research costs. Moreover, we're continually developing, not only with regards to where we measure, or who we measure but in how our visions can enable you to drive cost-effective growth.

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Read More Related Trending Research Reports : 

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Global Toddler Wear Market 2024 Key Players, Analysis, Share, Trends And Forecast To 2034

The Toddler Wear market report offered by Reports Intellect is meant to serve as a helpful means to evaluate the market together with an exhaustive scrutiny and crystal-clear statistics linked to this market. The report consists of the drivers and restraints of the Toddler Wear Market accompanied by their impact on the demand over the forecast period. Additionally, the report includes the study of prospects available in the market on a global level.

With tables and figures helping evaluate the Global Toddler Wear market, this research offers key statistics on the state of the industry and is a beneficial source of guidance and direction for companies and entities interested in the market. This report comes along with an additional Excel data-sheet suite taking quantitative data from all numeric forecasts offered in the study.

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Key players offered in the market: Carter's Burberry Nike Zara Benetton Adidas Armani Gap Gucci Balabala LVMH Haohaizi

Additionally, it takes account of the prominent players of the Toddler Wear market with insights including market share, product specifications, key strategies, contact details, and company profiles. Similarly, the report involves the market computed CAGR of the market created on previous records regarding the market and existing market trends accompanied by future developments. It also divulges the future impact of enforcing regulations and policies on the expansion of the Toddler Wear Market.

Scope and Segmentation of the Toddler Wear Market

The estimates for all segments including type and application/end-user have been provided on a regional basis for the forecast period from 2024 to 2034. We have applied a mix of bottom-up and top-down methods for market estimation, analyzing the crucial regional markets, dynamics, and trends for numerous applications. Moreover, the fastest & slowest growing market segments are pointed out in the study to give out significant insights into each core element of the market.

Toddler Wear Market Type Coverage: - Apparel Footwear Others

Toddler Wear Market Application Coverage: - Online Offline

Regional Analysis:

North America Country (United States, Canada) South America Asia Country (China, Japan, India, Korea) Europe Country (Germany, UK, France, Italy) Other Countries (Middle East, Africa, GCC)

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The comprehensive report provides:

Complete assessment of all opportunities and threats in the global market.

Toddler Wear Market recent advancements and major events.

A thorough study of business policies for the growth of the Toddler Wear Market leading players.

Concluding study about the growth plot of Toddler Wear Market for upcoming years.

Detailed understanding of Toddler Wear Market particular drivers, restraints, and major micro markets.

Favorable impression inside vital technological and market latest trends hitting the Toddler Wear Market.

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Build business strategy by identifying the high growth and attractive Toddler Wear market classifications

Identify potential business partners, gaining targets and business buyers

Design financial investment policies based on estimated high potential segments

Prepare management and tactical presentations using the Toddler Wear market data

Plan for new product promotion and portfolio in advance

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[best-testing-lab-uae]

How Footwear Testing Labs in the UAE Support Export Compliance and Global Market Access

The United Arab Emirates (UAE) has established itself as a hub for trade and commerce, with an ever-expanding presence in global markets. As the demand for high-quality products continues to rise, particularly in the fashion and footwear sectors, the need for stringent testing and compliance has become more crucial than ever. Footwear testing lab in the UAE play a vital role in ensuring that products meet international standards, enabling local manufacturers and brands to gain access to global markets. This blog will explore how these labs support export compliance and facilitate market entry on a global scale.

The Importance of Export Compliance in the Footwear Industry

Export compliance refers to the adherence to international regulations, standards, and requirements that govern the sale and distribution of products across borders. In the footwear industry, compliance is not only a legal requirement but also a key factor in gaining consumer trust and securing market share in competitive global markets.

Footwear products must meet a range of standards, including safety, quality, environmental, and chemical regulations, which vary by region. Failure to comply with these standards can result in product recalls, legal penalties, and the loss of market access. For brands based in the UAE or those looking to export from the UAE, ensuring compliance with international standards is essential for successful market entry and sustained growth.

The Role of Footwear Testing Labs in Ensuring Compliance

Footwear testing labs in the UAE are equipped with state-of-the-art technology and expertise to conduct comprehensive testing that ensures products meet the necessary standards for export. These labs offer a range of services that are critical for compliance, including:

1. Chemical Testing

One of the most important aspects of footwear testing is chemical analysis. Many countries, particularly in the European Union and the United States, have strict regulations regarding the use of certain chemicals in footwear. For example, the REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) regulation in the EU restricts the use of harmful substances such as lead, cadmium, and certain phthalates.

Footwear testing labs in the UAE conduct rigorous chemical testing to ensure that products are free from harmful substances and comply with these international regulations. This testing not only protects consumers but also ensures that products can be legally sold in markets with strict chemical safety standards.

2. Physical and Mechanical Testing

Physical and mechanical testing assesses the durability, safety, and overall quality of footwear products. This includes tests for:

Abrasion Resistance: Ensuring that the material can withstand wear and tear.

Slip Resistance: Testing the sole's ability to prevent slips and falls.

Tensile Strength: Measuring the material's resistance to breaking under tension.

Flexing Endurance: Assessing the footwear's ability to endure repeated flexing without cracking.

By passing these tests, footwear products demonstrate their ability to meet the performance standards required by different markets. This is particularly important for exports to regions with stringent safety and quality regulations, such as North America and Europe.

3. Environmental Testing

As global awareness of environmental sustainability grows, many markets have introduced regulations that require products to meet specific environmental standards. This includes testing for the use of sustainable materials, compliance with eco-friendly manufacturing processes, and the reduction of carbon footprints.

Footwear testing labs in the UAE provide environmental testing services that help brands align with these global trends. By certifying that products meet environmental standards, these labs enable brands to access eco-conscious markets and appeal to environmentally-aware consumers.

4. Compliance Documentation and Certification

In addition to testing, footwear testing labs provide the necessary documentation and certification required for export. This includes certificates of compliance, test reports, and other documentation that verifies a product's adherence to international standards.

Having the appropriate certification is crucial for gaining access to global markets. Retailers, distributors, and regulatory authorities often require proof of compliance before allowing products to be sold in their regions. Footwear testing labs in the UAE ensure that brands have all the necessary documentation to support their export efforts.

Facilitating Global Market Access

Footwear testing labs in the UAE do more than just ensure compliance; they also play a pivotal role in facilitating market access for local brands. By providing comprehensive testing and certification services, these labs help brands overcome the barriers to entry in international markets. Here’s how they contribute:

1. Navigating Complex Regulations

Different countries have different regulatory requirements for footwear products. For instance, the European Union has its own set of regulations, while the United States follows another. Navigating these complex and often varying regulations can be challenging for brands.

Footwear testing labs in the UAE possess the expertise to guide brands through the intricacies of international regulations. By staying up-to-date with the latest standards and requirements, these labs help brands understand and meet the necessary criteria for export.

2. Enhancing Product Credibility

In competitive global markets, product credibility is key to success. Footwear that has been tested and certified by a reputable lab carries more weight in the eyes of consumers, retailers, and distributors. Certification from a recognized testing lab in the UAE not only enhances product credibility but also increases the likelihood of acceptance in international markets.

3. Reducing Time to Market

Time is a critical factor in the fast-paced fashion industry. Delays in gaining market access can result in missed opportunities and lost revenue. Footwear testing labs in the UAE provide efficient and timely testing services, helping brands expedite the certification process and reduce their time to market.

By streamlining the testing and certification process, these labs enable brands to launch their products in global markets more quickly, giving them a competitive edge.

4. Supporting Brand Reputation

In the global marketplace, brand reputation is everything. A single compliance issue or product recall can severely damage a brand's reputation and hinder its ability to succeed in new markets. By ensuring that products meet the highest standards of quality and safety, footwear testing labs in the UAE help protect and enhance brand reputation.

This support is particularly valuable for emerging brands that are looking to establish themselves in new markets. By partnering with a reputable testing lab, these brands can build trust with consumers and retailers alike, paving the way for successful market entry.

The Future of Footwear Testing in the UAE

As the UAE continues to strengthen its position as a global trade hub, the demand for footwear testing services is expected to grow. With increasing emphasis on quality, safety, and sustainability, brands will need to invest in comprehensive testing to meet the evolving standards of international markets.

Footwear testing labs in the UAE are well-positioned to support this growth, offering the expertise and technology needed to help brands navigate the complex landscape of global trade. As the industry evolves, these labs will play an increasingly important role in ensuring that UAE-based brands can compete on the world stage.

Conclusion

Footwear testing labs in the UAE are essential for ensuring export compliance and facilitating global market access. By providing comprehensive testing and certification services, these labs help brands meet international standards, navigate complex regulations, and reduce time to market. In a competitive global marketplace, the support of a reputable footwear testing lab can make all the difference in a brand's ability to succeed. As the demand for high-quality, compliant products continues to rise, the role of footwear testing labs in the UAE will only become more critical, helping brands achieve their global ambitions and maintain their reputation for excellence.

[trendingrepots]

Polyurethane Elastomers Market - Forecast(2024 - 2030)

Polyurethane Elastomers Market Overview

The Polyurethane Elastomers Market size is forecasted to grow at a CAGR of 4.5% during the forecast period 2022-2027 and reach US$10.8 billion by 2027. Polyurethane Elastomers can be blended into various materials which include polymethyl methacrylate, polypropylene, polystyrene, vinyl ester, polyamide and other materials. It is used in a wide range of industries such as automotive, aerospace, construction, footwear and other industries. In 2020, the COVID-19 lockdown had significantly reduced production activities as a result of the country-wise shutdown of manufacturing sites, shortage of labor and the decline of the supply and demand chain all across the world, thus, affecting the polyurethane elastomers industry. However, a steady recovery in automobile production has been witnessed across the world since 2021. Polyurethane elastomers are primarily used in the automotive industry for the production of tires and body panels of an automobile. For instance, according to the International Organization of Motor Vehicle Manufacturers (OICA), the total global automobile production reached 80.2 billion units in 2021, an increase of 3% as compared to 77.7 billion units in 2020. An increase in automotive production along with the surging demand from the construction industry is expected to drive the growth of the polyurethane elastomers market size in the upcoming years. On the other hand, fluctuating prices of raw materials may confine the growth of the market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞

Polyurethane Elastomers Market Report Coverage

The “Polyurethane Elastomers Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Polyurethane Elastomers Market.

By Material Type: Thermoplastic (Polyether, Polycaprolactone, Polymethyl Methacrylate, Polypropylene, Polystyrene, Others), Thermoset (Polyamide, Vinyl Ester, Others).

By Processing Method: Injection Molding, Extrusion, Blow and Compression Molding.

By Application: Automotive Body Panels, Tires, Adhesives, Fibers, Industrial Tools, Appliances, Conveyor Belts, Sealing Gaskets, Lubricants, Consumer Products, Others.

By End-Use Industry: Transportation (Automotive (Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicles), Aerospace (Commercial, Military, Others), Marine, Locomotive), Construction (Residential, Commercial, Industrial), Footwear, Electrical & Electronics, Adhesives & Sealants, Medical, Textile, Others.

By Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Denmark, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America), the Rest of the World (the Middle East and Africa).

Key Takeaways

The injection molding segment held a significant share in The Polyurethane Elastomers Market in 2021. Its wide range of characteristics and higher efficiency made it stand out in comparison to other types of processing methods in the market.

Footwear industry held the largest share in the Polyurethane Elastomers Market in 2021, owing to the increasing demand for polyurethane elastomers for the production of footwear, owing to its properties such as durability, flexibility and lightness.

Asia-Pacific dominated the Polyurethane Elastomers Market in 2021, owing to the increasing demand for polyurethane elastomers from the footwear industry in the region.

A detailed analysis of strengths, weaknesses, opportunities and threats will be provided in the Polyurethane Elastomers Market Report

[robertemma27-blog]

Battery Market Expands With Growing Popularity of Internet of Things (IoT)

The Battery Market for IoT is projected to grow from USD 9.2 billion in 2020 to USD 15.9 Billion in 2025, at a CAGR of 11.6% between 2020-2025. 

The increasing adoption of wearable devices is leading the growth of the battery market for IoT. Wearable devices include eyewear, such as smart and virtual reality wearable glasses; footwear, such as athletic, fitness, and sports shoes; and wristwear, such as smartwatches and wristbands. People wear wearable devices to keep track of their daily activities, as well as their body movement and heart rate. Wearable devices are available in different shapes and forms. Most wearable applications require li-ion or li-polymer and ultra-thin durable batteries, creating a significant market demand for micro batteries. The application areas of wearable devices are growing from consumer electronics and medical devices to wireless communication devices.

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Based on type, the Lithium Batteries segment held the largest share of the market in 2024 By type, lithium batteries held the largest market share. Lithium-ion batteries are majorly used in consumer electronic devices. For IoT applications, small lithium-ion are being produced. Lithium batteries have many applications in IoT devices such as wearables, home automation devices, retail, aerospace, and defense. Moreover, features such as high energy density is key factor completing its growth among other batteries.

Based on rechargeability, the Secondary Batteries segment held the largest share of the market in the forecast period By rechargeability, the secondary battery segment held a larger share in 2019. Most adopted batteries— lithium, thin film, and solid state chip batteries—are generally secondary batteries. Rechargeable batteries with long lifespans are used in wearable devices, medical devices, wireless sensor nodes, and consumer electronics. With the advancement in technologies used in wearable and medical devices, manufacturers are continuously making efforts to develop innovative designs suitable for their devices. This, in turn, is increasing the need for high-capacity rechargeable batteries that can last long. Therefore, the demand for secondary micro batteries in the applications mentioned above is high and is expected to increase rapidly during the forecast period.

Based on Industry, the home automation segment to dominate the Battery Market for IoT in the year 2024 The demand for energy-efficient solutions, enhanced security, increased venture capital funding, and the constant need to improve the living standards of individuals has led to the development of the battery market for IoT in home automation. Building automation, which started with wired technology, has now entered the era of wireless technology with technologies such as ZigBee, Wi-Fi, and Bluetooth Smart revolutionizing the market. The growing awareness toward energy conservation, stringent legislations and building directives, promotion of numerous smart grid technologies, and the availability of several open protocols are further driving the growth of the building automation market.

North America to hold the largest market share during the forecast period North America held the largest IoT battery market share in 2024. Favorable economic conditions and technological advancements in IoT applications have fueled the demand for IoT in North America, thereby leading to the battery market growth for IoT. Demand for smart packaging is expected to drive the development of the thin-film and printed batteries segments of the battery market for IoT in North America. The increased penetration of IoT in medical devices and the miniaturization of wireless devices are expected to increase the demand for thin-film and printed batteries in North America.

Key Market Players: Some of the Major players in the Battery Market for IoT are Cymbet (US), STMicroelectronics (Switzerland), Enfucell (Finland), Samsung SDI (South Korea), and LG Chem (South Korea). These players have adopted various growth strategies such as contracts, joint ventures, partnerships & agreements, acquisitions, and new product launches to expand their presence in the Battery Market for IoT.

Cymbet manufactures and provides solid-state energy storage technologies. The company offers its products under the brand name EnerChip. It offers solid-state thin-film rechargeable batteries with integrated power management capabilities that can be configured with integrated circuits (ICs), sensors, industrial controls, RFID tags, communication systems, medical devices, and portable electronic devices. Besides, the company also provides products under its EnerChip RTC (real-time clock) family and EnerChip Evaluation Kit, which provides access to EnerChip RTC through a USB stick. Cymbet was among the first companies to offer surface-mounted packaged energy storage solutions for embedded systems.

STMicroelectronics designs, develop, manufactures, and markets a wide range of semiconductor integrated circuits and discrete devices. The company operates through 3 segments: Automotive and Discrete Group (ADG), Analog MEMS and Sensors Group (AMS), Microcontrollers and Digital ICs Group (MDG), and Others. The company offers dedicated automotive ICs (both digital and analog) and discrete and power transistor products through its ADG. It provides low-power, high-end analog ICs both customized and general purpose) for all markets, smart power products for the industrial, computer, and personal electronics markets through its AMS segment. STMicroelectronics offers general purpose and secure microcontrollers, electrically erasable programmable read-only memory (EEPROM) solutions, digital application-specific integrated circuits (ASICs), and aerospace and defense products, including components for microwave and millimeter wave through its MDG segment.