#will generate higher revenues. In 2018
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rahulp3 · 4 months ago
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What Are The Major Factors Driving Retinal Biologics Market Growth?
The Retinal Biologics Market is experiencing a surge in demand, fueled by advancements in eye disease treatments and a growing emphasis on vision health. According to a recent analysis by Future Market Insights (FMI), a leading market research firm, the market is currently valued at an impressive US$22.25 billion in 2022. Looking ahead, the market is projected to witness a remarkable Compound Annual Growth Rate (CAGR) of 11.1% over the next six years. This translates to a staggering market valuation of US$41.92 billion by 2028, highlighting the significant potential of retinal biologics in revolutionizing eye care.The remarkable expansion of the Global Retinal Biologics sector is fueled by advancements in technology, innovative research, and a growing demand for cutting-edge treatments. As the industry continues to evolve, it presents unprecedented opportunities for stakeholders, investors, and healthcare professionals alike.Key Retinal Biologics Market Insights:
Rising Prevalence of Diabetes-related Eye Disorders and Age-related Macular Degeneration (AMD) The prevalence of diabetes-related eye disorders and age-related macular degeneration is on the rise, underscoring the growing need for innovative solutions within the Retinal Biologics Industry.Substantial Investment in R&D for Biologics in Retinal Disorders The industry is witnessing a significant influx of research and development resources, aimed at advancing biologics for both infectious and non-infectious retinal disorders. This investment underscores the commitment to addressing unmet medical needs.
Emergence of Specific Biologic Molecules as Therapeutic Targets Specific biologic molecules are gaining prominence as highly promising therapeutic targets, offering new hope for patients with retinal conditions.Gene Therapy as a Solution for Monogenic Retinal Illnesses With a growing number of monogenic retinal illnesses, gene therapy is emerging as a pivotal component of the Retinal Biologics Market, presenting innovative solutions for these challenging conditions.
Request a Sample Copy of This Report Now.https://www.futuremarketinsights.com/reports/sample/rep-gb-8663
#The Retinal Biologics Market is experiencing a surge in demand#fueled by advancements in eye disease treatments and a growing emphasis on vision health. According to a recent analysis by Future Market I#a leading market research firm#the market is currently valued at an impressive US$22.25 billion in 2022. Looking ahead#the market is projected to witness a remarkable Compound Annual Growth Rate (CAGR) of 11.1% over the next six years. This translates to a s#highlighting the significant potential of retinal biologics in revolutionizing eye care.The remarkable expansion of the Global Retinal Biol#innovative research#and a growing demand for cutting-edge treatments. As the industry continues to evolve#it presents unprecedented opportunities for stakeholders#investors#and healthcare professionals alike.Key Retinal Biologics Market Insights:Rising Prevalence of Diabetes-related Eye Disorders and Age-relate#underscoring the growing need for innovative solutions within the Retinal Biologics Industry.Substantial Investment in R&D for Biologics in#aimed at advancing biologics for both infectious and non-infectious retinal disorders. This investment underscores the commitment to addres#offering new hope for patients with retinal conditions.Gene Therapy as a Solution for Monogenic Retinal Illnesses With a growing number of#gene therapy is emerging as a pivotal component of the Retinal Biologics Market#presenting innovative solutions for these challenging conditions.Request a Sample Copy of This Report Now.https://www.futuremarketinsights.#institutional sales in the Retinal Biologics Industry#where Retinal Biologics are supplied in speciality clinics and hospitals#will generate higher revenues. In 2018#hospital sales accounted for more than 35% of market revenue.According to the report#retail sales of Retinal Biologics will generate comparable revenues to hospital sales and will expand at an 11.9% annual rate in 2019. Reta#with retail pharmacies generating more money than their counterparts in the future years.Penetration in North America Higher#APEJ’s Attractiveness to IncreaseNorth America continues to be the market leader in Retinal Biologics revenue. According to FMI estimates#North America accounted for more than 46% of global Retinal Biologics Industry revenues in 2018. Revenues in North America are predicted to#continuous growth in the healthcare infrastructure#and a favourable reimbursement scenario.Europe accounted for about one-fourth of the Retinal Biologics market#with Western European countries such as Germany#the United Kingdom#France#Italy
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zvaigzdelasas · 1 year ago
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“How did we lose to China in Indonesia!?”
This is the question being worriedly debated in government offices and executive suites throughout Japan. [...]
Japan’s project plan called for a five year construction period, including a full one year trial operation period. If construction were to start in 2018 the line would be ready to take passengers in 2023. Total cost would be some Rupiah 64 trillion (JPY 534.6 billion, or $4.5 billion).   The Japanese government operating through JICA (the Japanese International Cooperation Agency) would finance 75% of the cost with a 0.1% long term yen loan (terms and conditions in conformity with international convention for concessionary financing). The remaining 25% would have to be raised by the Indonesian government and private enterprises.   Importantly, Japan’s concessionary loan would--in accordance with international conventions for official government lending--require an Indonesian government guarantee.   Then, in October 2014, as the Japanese agencies and companies prepared for the project, something happened in Indonesia:  the swearing in as president of Joko Widoko.  Campaigning for office Joko had called for greater infrastructure investment, and it was taken for granted that he was a supporter of the Java high speed rail project. However, Joko had campaigned as a “man of the people” whose priority would be improving welfare for Indonesia’s common and rural people over the more affluent people in the big cities.[...]
on March 26, Joko visited Beijing and met Chinese president Xi Jinping.  Xi publicly announced support for the Indonesian high speed project and the two governments signed a memorandum specifying China’s interest in the Jakarta-Bandung line. Well before the Joko-Xi meeting China had entered competition for the project. China’s proposal was for a total project cost of Rupiah 74 trillion (JPY 618.2 billion, $5.2 billion). The cost was higher than Japan’s, but China committed to financing the entire amount at an interest rate of 2%.  Moreover, the project would be completed in three years--meaning taking passengers in 2018 [lol]. [...]
That China was awarded the project and Japan rejected seems to owe mainly to China’s willingness to accept the financial risk of the project (i.e., to forego an Indonesian government guarantee and also, thereby, possibly to finesse international ODA norms) and of Japan’s inability or unwillingness to do so.   The Toyo Keizei piece makes the point that such projects’ risks are not small. Taiwan is an example. Taiwan’s high-speed rail line enjoys relatively heavy business passenger traffic, which allows relatively expensive ticket prices. But the high prices seem to have discouraged non-business passengers, such that ridership numbers have fallen short of forecasts and revenues have proven insufficient to cover debt service requirements.   Compared with Taiwan, Indonesia is a very poor country. Given that business traffic will be relatively limited, ticket prices will have to be set low to be affordable for average citizens (and to avoid political backlash). Generating sufficient cash flow for debt service looks like a formidable challenge. That China is willing to take the risk speaks volumes about how China views infrastructure aid in the Asian region.  According to press reports China sweetened its offer in other ways as well, including committing to establish a joint venture with Indonesian firms to produce rolling stock for high-speed rail, electric rail, light rail systems, not only for Indonesia, but also for export to other Asian countries; to transfer related technology [!!]; and also to renovate and rebuild train stations.
2015
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phoenixyfriend · 1 year ago
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Ko-fi prompt from Becky:
I actually would love to hear where ticket/concession/merch money for concerts go. If someone has already asked about that, can you do something similar for a sports game of your choice?
Already got a request for concerts, but I can do the sports game!
So, let's go with... baseball. I've been to professional baseball games ('twas the Ducks), even if it's been a Very Long Time, so that's the one I have some perspective on. Who is in control of the money any given game (as in, who owns the stadium and the home team) varies by place and sport, so let's use the Mets and Citi Field as our example when we need a specific.
Mostly, this is because I'm in New York and so it's down to either them or the Yankees, and between the two... the Mets, through a wholly owned subsidiary, Queens Ballpark Company, are the ones that actually own their ballpark, which makes a few things easier and includes a Fun Fact about the naming. It also means that I can treat the team and the stadium as one singular entity instead of waffling over who gets to be the Main Character of this simulation. It's not exactly uncommon for teams to own their own stadiums, but it's not most of them.
(The Mets, btw, are owned in large part by a hedge fund manager. Like, 95% of the team stock is owned by this one guy. Why can't more sports be like the Packers and just belong to the city.)
In this case, I will be referring to the Forbes article on Citi Field's revenue for 2022 as a guide or framework, as they have an actual image of the financial report; they don't do much explaining of the actual data, though, so my part will be explaining the less-obvious things and doing some maths. A few other articles will also be cited as they come in useful.
I'll also note that the Mets are a very expensive team operating at a loss, but they still work for our purposes.
MONEY COMING IN:
Tickets, most obviously
To quote the wiki article on Major League Baseball:
"MLB is the second-wealthiest professional sport league by revenue after the National Football League (NFL). [...] MLB has the highest total season attendance of any sports league in the world; in 2018, it drew more than 69.6 million spectators."
I didn't know that until I started researching for this post, but it makes sense. After all, baseball is "the American pastime." The Forbes article cites average attendance of 33,000 per home game. The stadium seat about 41,900, so we're looking at roughly 79% attendance. This is fine, because attendance is not the only stream of revenue.
Advertising
If you have seen a professional sports game in the past however many years, you have seen that, depending on the type of court, they are plastered in advertising. Let's take a look at Citi Field:
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(Image Source: MLB website)
The Forbes article states that the stadium makes about $48.5 million per year from advertising. About $28.5 million of that comes from the various 'temporary' and long-term ads, the Nikon and Geico and Toyota and Coca Cola, etc.
$20 million of it comes from one company. I'm going to quote Wikipedia again:
The naming rights were purchased by Citigroup, a New York financial services company, for $20 million annually.
This is not uncommon! ESPN has an article about it, and some standout examples are Bank of America Stadium, Coors Field, Delta Center, FedEx Field and FedEx Forum, General Motors Place, Gillette Stadium, Heinz Field, and the list just goes on. I'm not even sure if the list is up to date, because I'm seeing even more articles elsewhere with higher figures.
Concessions
The financial report that Forbes cites has $22mill in concessions. This is not entirely surprising. Going by this page, we're looking at... 84 home games in that 2022 season. Let's assume that 33,000 average cited earlier. That's 2,772,000 attendees over the course of the season. So, what, a little under $10 per attendance tick? Entirely plausible. A hot dog plus a soda is $15, so... that tracks.
Parking
Apparently parking is, collectively, about $13mill annually. That's... genuinely a little concerning to me, for uh. Reasons. Also parking is $40.
(A lot of people go to games via train, if anyone's interested.)
Luxury Suite Premiums
I had to google this one, but uh. Turns out those fancy private box seats are even fancier and more private than I thought, bringing in over $10 mill a year.
Other Revenue - Stadium, undefined
"Other Revenue" and "post season revenue" are not given any further information, but they're about $16.5 mill so. They're definitely doing their part? Wish we had more information.
One guess is that there are events in the vein of the Citi Field Spring Carnival that contribute to the revenue through either fees to the stadium (if this is a carnival that rents the parking lot) or concessions and tickets (if the stadium rents a carnival).
Other Revenue - to the team that is not direct operating income of the stadium itself
Not counting the "other revenue" section of the financial statement, the Forbes article tells us that:
National broadcasting deals with Fox, ESPN and TBS that pay over $60 million a year to every MLB team, as well as the local cable fee the Mets get from SNY, which is over $80 million a year.
That's another $140mill in addition to the $244mill that the financial report cites.
Merchandise - not direct stadium revenue.
Get your Mets hats here! And your jerseys! And your logo bats! And your commemorative plushies! And--
MONEY GOING OUT
Operations
This one's easy: you have to pay wages to your employees, from the players themselves to the food sellers to janitorial to security to field maintenance, etc. Also, you have to pay for utilities (those billboards and floodlights aren't cheap), product to sell (frozen hot dogs), supplementary materials for products you sell (plastic cups, paper for the ticket machines, bags for garbage cans, and so on), and repairs/maintenance for the stands themselves (can't imagine they get through a season with all 41,900 seats intact).
Player salaries (and a few others, like the coach) aren't actually included in stadium revenue, but since the stadium is owned by the team, we're bundling them together for the sake of this case.
Payment in Lieu of Taxes
So this is an interesting one, and while the Forbes article does touch on it, there's a bit more detail to the story.
Citi Field was built in 2009, and the process cost $850 million. Of that, $615 was public subsidies. A lot of this was municipal bonds, which the Mets have to pay back with interest for the lifetime of the park; those municipal bond repayments are an offset, and in return for paying tens of millions in municipal bond repayments each year (the 2022 report shows about $43.5 mill), Citi Field does not have to pay property taxes.
Wikipedia only cites property taxes, but the financial report doesn't include any other taxes, so I'll assume the only other taxes they're on the hook for are sales and payroll, which aren't displayed in the financial report.
Parking
Right, so, parking as a bundle is about $7.5 mill in expenses, which means that parking alone has a marginal profit of about 42.3%, given the earlier figure of $13mill in parking revenue. I'm not finding any solid information on where that money goes, but it seems very like that New York City's taxes on land use for parking is not included in the property tax exemption we discussed above, and that most of the $7.5 mill is in that regard.
Post Season Expenses
I'll be honest, they don't define this $1.8 mill, but given what is and isn't included in the other sections, I'm going to hazard a guess that this may be about upgrades (more than maintenance) or replacement of physical billboards that are also not included as regular maintenance but require a lot of manpower to get up and set if complicated enough.
General and Administrative
This is the other possible allocation of the utilities and related payments. This is also where back of house activities like accountants, lawyer fees, payroll clerks, facilities managers, and so on are bundled in. It's about $5.5 mill.
Publicity and Promotions
This one's easy, it's just marketing that doesn't fall into General Mets Things and is rather for home games specifically.
Depreciation and Amortization
Bit trickier, but you know how a car loses value the second you drive it off the lot? That is depreciation. You paid $20,000 for a car, but two years later it's worth $16,000; on a financial report, you put that down as a $4,000 loss to depreciation. Amortization is similar, in that it lowers values of various assets in relation to time and relative value to what it was when new.
Interest Expenses
Expenses related directly to interest rates tend to get their own line separate from regular debt repayments. This isn't really relevant beyond 'loans are more expensive than when you first get them.'
Travel and League Expenses
Since this is a traveling team, being professionals, and a Major League Baseball Team in particular, money has to be spent on the plane rides, team bus, and of course, the league fees. I wanted to end that a bit more pithy, but it turns out it's not easy to find league fees for the MLB.
(A new team joining would have to pay about $2.2 billion, according to one article, while previous new additions were a couple hundred mill, so... 100 mill? Maybe?)
Hope that answers your question!
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chosetherose · 1 year ago
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Taylor Swift’s epic “Eras Tour” is on track to become the biggest in concert history, with the potential to gross over $1 billion.
That milestone would break the record for global concert tours currently held by Elton John and could up the ante for an era of even higher ticket prices, show grosses and concert-industry revenues.
“What we’re seeing on this particular Taylor tour is almost like a once-in-a-lifetime phenomenon,” said Jarred Arfa, executive vice president and head of global music at Independent Artist Group, who represents Billy Joel, Metallica and other acts. “It’s pretty astonishing.”
Over the past week, Swift announced dozens of new international dates that will take her to South America, Asia, Australia and Europe. Besides her original 52 U.S. dates, which end in August, she’ll be playing 54 shows overseas, bringing her to 106 gigs by the last show in London next summer. More dates could be added.
Music executives have been speculating for months about how much Swift’s tour has been making. Swift, in an unusual move for the industry, is not reporting her nightly grosses after the shows to Billboard Boxscore, which tracks such data, but instead planning to report them later, according to Dave Brooks, Billboard’s senior director of live music and touring. This has fueled questions about how much the pop superstar is making and how such towering grosses may reset expectations for other major artists.
Swift’s outsize success comes amid a booming market for arena and stadium shows from superstars like Beyoncé and Madonna. For blockbuster tours, per-show concert grosses “are higher than they’ve ever been,” Brooks said.
These performers are charging higher prices for general-admission tickets, aisle seats and VIP packages—partly to offset a large jump in their costs—even as some smaller shows in clubs and amphitheaters and music festivals struggle.
Arena and stadium concertgoers, despite grumbling about prices, continue to cough up for shows. That’s boosting industry revenues, which increasingly are concentrated in concerts by the world’s biggest artists, Brooks said. In Swift’s case, the biggest concern isn’t prices—it’s getting tickets in the first place.
The Wall Street Journal analyzed Swift’s Eras Tour based on conversations with high-ranking concert executives, examining how much revenue Swift’s shows are generating in ticket sales versus how much money she’s actually taking home in profit.
Will the Eras Tour become the first to gross $1 billion in revenue?
The music industry keeps track of superstar concert tours via gross concert-ticket revenue figures that artists provide. It’s these figures that are used every year to rank successful tours. (Artists don’t include their costs, profits and deal making.)
Elton John currently holds the record for the highest-grossing global tour, with his ongoing “Farewell Yellow Brick Road Tour,” which has run from 2018 to 2023. So far, the tour, which ends in July, has raked in over $887 million. John surpassed prior record-holder Ed Sheeran’s “Divide Tour,” which ran between 2017 and 2019 and brought in $776 million.
Back in December, Billboard estimated that Swift’s 52-date U.S. leg would gross about $590 million; the average ticket price for the U.S. leg is $215, Billboard said.
Now that Swift is performing 106 shows worldwide, she could cross the record-breaking $1 billion line. But it’s not a done deal. Top tickets in the U.S. tend to cost 20% to 30% more than in the rest of the world, which makes the U.S. a more lucrative market than Europe or Asia. Swift’s 54 international shows aren’t worth as much as her American ones, though in some cases the venues overseas are larger in size, allowing for more concertgoers and revenue.
Asked how much the Eras Tour might end up grossing, Arfa, of Independent Artist Group, says Swift may very well reach $1 billion.
Others aren’t so sure, with some estimates putting her around $700 million to $900 million. That would still eclipse Swift’s previous “Reputation Stadium Tour” in 2018, which grossed about $345 million across 53 shows. Her average ticket price back then was $119, according to Pollstar.
A spokeswoman for Swift did not respond to requests for comment.
Executives generally expect Swift’s current tour to exceed Beyoncé’s, even if the pop-R&B superstar delivers eye-popping numbers of her own. That’s what happened the last time the two artists toured as solo artists: Back in 2016, Beyoncé’s “Formation World Tour” grossed $256 million.
So how much actual profit is Swift making?
Just because a tour grosses $1 billion doesn’t mean the artist is making $1 billion. It’s more complicated than that.
Superstars like Swift aren’t paid per show; they’re paid for the full tour. Still, it’s easier to get a picture of Swift’s earnings by thinking in terms of per-show grosses and profits.
For her U.S. shows, Swift set ticket prices ranging from roughly $50 for cheap seats to nearly $900 for VIP packages. Swift didn’t engage in “dynamic pricing,” which allows ticket prices to float upward (or downward) based on demand. Since her shows tend to sell out, the number of tickets sold each night depends on the size of the stadium. Such venues often host roughly 50,000 to 60,000 concertgoers, but can sometimes hit 80,000 or higher.
According to a person familiar with the matter, Swift grossed approximately $40 million via concert tickets over a recent weekend of shows. This $40 million figure would break down to more than $13 million per concert over three shows.
That generally tracks with concert executives’ estimates for Swift’s average per-show gross, which they put at $10 million, though shows could range from $6 million to $13 million or so.
But revenues are one thing, profits are another.
How much does the tour cost?
The expense of running the concert includes renting out stadiums, along with production, labor and transportation costs. The Eras Tour, in particular, is one of the most technically ambitious in recent history, with its various segments showcasing different albums of Swift’s career accompanied by unique backdrops and costumes.
Other payouts go to Swift’s concert promoters around the world, including Messina Touring Group, which is affiliated with AEG Presents, the No. 2 concert promoter globally after Live Nation. Promoters often get a 10% cut, Billboard’s Brooks said. But Swift is an unusually big superstar, which means she may be more able to secure highly favorable deals, executives said. Also, unlike most stars, Swift is not working with a booking agency in the U.S.—just Messina Touring Group—which eliminates a major cost.
Some executives expect Swift is taking home 40% to 60% of the estimated $10 million average per-show gross, while others think this take-home figure is probably 50% or lower.
To boil it all down, let’s imagine what all of this looks like in practice: First, the hosting stadium takes a cut, lopping off $2 million to $3 million from the $10 million gross. From there, Swift pays her staging costs and the promoter’s cut, which together could remove 50% of the remaining $7 million to $8 million. That gives her about $3.5 million to $4 million in profit per night.
That figure, multiplied by roughly 100 shows, takes you to $350 million to $400 million in profit for the entire 2023-2024 tour.
Accounting for various unknowns, a broader estimate would put Swift’s profits from selling tickets to the Eras Tour in the neighborhood of $300 million to $500 million.
What about her merchandise sales?
Concert executives said the Eras Tour is likely grossing another $2 million-plus a night through merchandise—all the $75 hoodies, $55 long-sleeve shirts and $45 short-sleeve shirts that fans are eating up. Fans, they say, are likely spending about $50 to $75 a person, after accounting for those who don’t buy anything. Even among the ranks of superstars, Swift’s merchandise is highly prized by her fans, known as Swifties, allowing her to gross more on everything from T-shirts to portable phone chargers. Some other superstars, especially non-veteran acts, might earn $25 a person or less.
During the weekend of shows where Swift grossed approximately $40 million via tickets, she also generated approximately $10 million via merch in total, according to the person familiar with the matter. That means about $3 million in merchandise revenue per night.
But Swift also has to pay a merchandise company. Of the $2 million-plus in average per-night merch revenue, Swift could be left with around 70%, after various payouts, concert executives said. That amounts to about $1.4 million in merchandise profit per night. If Swift’s merch sold like that over 100 shows, it would bring an additional $140 million on top of the $300 million to $500 million from tickets.
The upshot: Swift is looking at possibly over $500 million in profit across tickets and merchandise from the Eras Tour between the U.S. and overseas.
But there are even more income streams than that.
Even then, the Eras Tour doesn’t stop generating income.
There’s the cash from Swift’s partnership with the credit-card company Capital One, which is the U.S. presenting sponsor of the tour.
Swift’s alliance with Capital One, which goes back to 2019, is typical for superstars of her stature, for whom such deals typically involve hefty paydays. Swift, for her part, has appeared in Capital One commercials.
Last November, Capital One cardholders got early access to Swift’s tickets via a presale. At Swift’s shows on this tour, light-up wristbands were given away to fans; the bands were branded with Capital One’s logo.
Then there’s the merch on Swift’s website, which many fans likely bought before and after attending shows—especially if they wanted to avoid long lines at the venue.
Finally, there’s the tour-related income from increased interest in Swift’s music.
Swift is selling thousands of albums every week, often vinyl records and CDs. At the same time, she’s experiencing a spike in online streams as the Eras Tour rolls across the U.S. In the week ending June 15, Swift had six different albums in the top 25 of the Billboard 200 chart, according to Luminate, driven partly by the jump in streaming activity.
Executives said the tour has caused a Beatles-like mania. Some Swift fans who haven’t been able to get tickets have listened to shows from stadium parking lots. Others who got in have reported “post-concert amnesia,” where you’re so overjoyed you don’t remember a show afterward.
Such fans are likely among those helping fuel the streaming spike. That intensified listening, in turn, creates another waterfall of profits for Swift.
“She’s just capturing this moment of popularity so perfectly,” Arfa said. 
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nickgerlich · 1 year ago
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Charged Up
One of the most frustrating things that happens to consumers, especially when it comes to tech products, is to find out that something you own is now obsolete. It happens all the time, but one company—Apple—has been notorious for doing it. Worse yet, the obsolescence affects one of the most mundane aspects of the product, yet also one of the most critical: the charger cord.
It was eleven years ago that Apple introduced the Lightning connector for its iPhones, leaving the much clunkier 30-pin connector to fade away. While it was a net improvement, it meant that all of our household and car chargers were done. They also did a similar move with charger cords for their MacBook line of laptops. And don’t get me started about when they eliminated the headphone jack back on iPhone 7 in 2016. It was clearly a move to bolster sales of their wireless AirPods.
Now they have done it again. At their big media announcement earlier this week, Apple announced iPhone 15 among other products, but also had to tell us that—here we go again—the phone’s charger cord would now be USB-C. It’s just that this time, Apple is not trying to pull another fast one, because they have been forced to change.
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While it is convenient to think that the US rules the world and we set the standards, we are quickly waking up to the fact that the EU—European Union—has significant clout. The General Data Protection Regulation that was passed in 2018 ensures that European users have much higher expectations of data privacy online, and while they can opt-in to cookies, they are not the de facto setting. We can thank the GDPR for all those annoying questions we face on many websites today asking us if we would like some cookies.
The EU is at it again, with charger cords the next item to come in their cross hairs. Starting next year, all devices sold in Europe must have a common connector. USB-C was chosen as the standard. In both cases—the GDPR and charger cord—American firms have decided to go with the flow, and not fight it. Rather than have two websites, one for the EU and the one for everywhere else, they opted for one. As for Apple, it had no choice but to yield, if it wants to sell phones there.
Of course, this once again puts consumers in a bad place, because we still have legacy products that require the Lightning cord. At my office, both my keyboard and mouse are charged by—you guessed it—the Lightning cord. And my two Apple MagSafe external batteries also require that connector. Even when I upgrade my phone from 12 to 15, I will still have to keep some of these old cords around, while also changing out my home and vehicle charger cords.
Lovely. I will be using two systems at the same time. I see a tangled mess of cables in my future.
It can be argued that Apple should never have stuck with proprietary connectors in the first place, that it wasn’t being a good corporate citizen. But there is a monetary explanation. On Wednesday’s Morning Brew Daily podcast, they reported that Apple makes $5 billion a year either selling its own cords, or licensing their manufacture to third-party companies. That is a significant revenue stream that is now gone.
I am also perplexed that Apple had already adopted the USB-C standard on its own for MacBooks and iPads. It’s enough to make me pull out my hair. Well, if I had enough to pull.
Yes, I am an Apple fan boy. I made the switch in 2005, and have not looked back. While I do not own an Apple Watch or AirPods, I have phone, laptop, office iMac, and tablet, and I love the eco-system. Everything plays well together, which makes it a powerful bundle not replicated elsewhere. I’m good with paying the so-called “Apple tax” to own these products.
Sometimes, though, I admit to the frustration you get when you feel like someone is just yanking you around. This time Apple is getting yanked around. It lost the battle in Europe, and had to concede the world. I’m happy, because there really never was a good reason to have unique connectors other than extra revenue. In fact, this is something that has been going on for years in tech products, from cords to batteries. I can show you a bunch of incompatible camera batteries within both the Sony and Canon lines.
It’s just that Apple is the one getting the black eye for it now. It’s going to be a wobbly transition period for a while until we wear out all of our older products that still use Lightning, but we’ll get there one day.
And we can then add those old charger cords to that box everyone has in their home. Heck, mine still has Cat-4, RS-232, RCA, and land-line phone cables in it. Just in case, you know.
Dr “Of One A Cord” Gerlich
Audio Blog
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industrynewsupdates · 6 days ago
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Segmentation Analysis of the Textile Recycling Market
The global textile recycling market was valued at approximately USD 4,632.4 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 3.2% from 2023 to 2030. This growth is largely driven by rising environmental concerns regarding textile waste and increasing social awareness about the importance of textile recycling. According to the Environmental Protection Agency (EPA), around 5% of landfill space is filled with textile waste. In the United States, an estimated 25 billion pounds of textiles are produced annually, which translates to approximately 82 pounds per person. These factors are expected to significantly boost the demand for textile recycling in the coming years.
Textile waste recycling plays a crucial role in promoting environmental sustainability. One effective recycling method is upcycling, which maximizes the conservation of resources such as water, raw materials, and energy, while minimizing environmental impacts. Additionally, recycling textiles has a lower environmental footprint compared to incineration or landfill disposal. By replacing products made from virgin materials, resource recovery can yield substantial environmental benefits. All these elements are anticipated to positively influence market growth over the forecast period.
Moreover, the rising global population and increasing consumer spending capacity are likely to lead to greater textile waste generation, raising concerns about effective waste management. Many government agencies and private companies are viewing textile recycling as a viable solution to address these challenges and promote a circular economy. According to a report by the U.S. Environmental Protection Agency in 2022, the recycling rate for all textiles in the country stood at 14.7% in 2018, highlighting the potential for improvement in this sector.
Gather more insights about the market drivers, restrains and growth of the Textile Recycling Market
Source Insights
By source, the apparel waste segment represented 28.9% of the global textile recycling revenue in 2022. This segment includes waste generated from leftover fabric during manufacturing, damaged or rejected garments, and post-consumer discarded clothing and footwear. Over the past two decades, the average lifespan of new garments has significantly decreased, leading to increased waste generation within the apparel industry. These dynamics are expected to further fuel the demand for recycling within this sector.
Home furnishing waste, which encompasses textiles generated from items such as pillows, carpets, rugs, bedsheets, curtains, and sofas, is another growing segment. Increased disposable income worldwide has led to higher spending and more frequent purchases of these products, resulting in greater home furnishing waste. Factors contributing to this trend include population growth, a wider variety of home furnishings, and improved living standards, all of which generate substantial post-industrial and post-consumer waste in this category. These elements are projected to drive demand for recycling of home furnishing textiles.
The automotive waste segment is expected to grow at a CAGR of 3.3% during the forecast period. Textiles used in vehicles, including carpets, seat covers, cushions, roof liners, door liners, tires, filters, and airbags, contribute to automotive waste. The rise in vehicle ownership in developing countries is exacerbating the issue of automotive waste. Initiatives aimed at managing automotive textile waste are likely to positively impact market growth.
Stuffed toys also fall under the category of textiles suitable for recycling. According to the Secondary Materials and Recycled Textiles Association (SMART), only 15% of textiles in the U.S. are donated for reuse or recycling. Annually, the average American family discards about 324 pounds of unwanted textiles, including stuffed toys. In 2021, Bank & Vogue Ltd. successfully recycled approximately 1,400,000 pounds of toys. Additionally, SK-Tex has recycled clothing into materials for car seat upholstery filling, furniture insulation, and ECO building insulation. These trends are expected to enhance the demand for recycling initiatives focused on items such as sailing and fishing nets, insulation materials, and stuffed toys.
Order a free sample PDF of the Textile Recycling Market Intelligence Study, published by Grand View Research.
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marketanalysisdata · 7 days ago
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Permanent Magnets Market Analysis, Growth Forecast by Manufacturers, Regions and Application to 2030
In 2023, the global permanent magnets market reached a valuation of USD 22.18 billion and is projected to grow at an 8.7% compound annual growth rate (CAGR) from 2024 through 2030. This growth is largely driven by the increasing demand for renewable energy sources like wind and solar power. Permanent magnets play a critical role in enhancing the efficiency of wind turbine generators, a key application area in this sector. Specifically, rare earth magnets such as Neodymium Ferrite Boron (NdFeB) are commonly used in wind turbines due to their high reliability and reduced maintenance needs.
In the United States, the demand for permanent magnets is anticipated to grow at a faster rate than that for ferrite magnets, driven by applications in high-tech sectors like robotics, wearable technology, electric vehicles (EVs), and wind energy. Following the 2008-09 economic downturn, the U.S. automotive industry has seen steady recovery, with a growing emphasis on electric vehicles. Notably, the adoption of plug-in electric vehicles has increased, spurred by innovations from prominent manufacturers including Tesla, Chevy, Nissan, Ford, Audi, and BMW. For example, Tesla began incorporating motors with neodymium magnets in 2018.
Despite this growth, the U.S. faces a supply challenge due to a limited number of domestic manufacturers for permanent motor magnets, leading to substantial imports. In 2023, the U.S. imported around 4 million pounds of automotive parts from China, a majority of which were electric motors. The ongoing trade tensions with China have raised concerns about access to essential rare earth materials. In response, the U.S. government has launched several initiatives, including funding mining projects under the Defense Production Act, aiming to bolster the domestic supply of rare earth materials and reduce dependence on imports.
Gather more insights about the market drivers, restrains and growth of the Permanent Magnets Market
Material Segmentation Insights:
In 2023, ferrite materials dominated the permanent magnet market, capturing a revenue share of approximately 36.0%. Ferrite magnets are predominantly used in motor applications, accounting for over 65% of total ferrite magnet usage. Their application spans automotive motors (19%), appliance motors (14%), HVAC systems (12%), and various industrial and commercial motors (11%) as of 2022. Additional uses of ferrite magnets include loudspeakers, separation equipment, Magnetic Resonance Imaging (MRI), relays & switches, and lifting devices.
The Neodymium Iron Boron (NdFeB) segment is expected to be the fastest-growing segment by volume and revenue in the forecast period. Over the last five years, NdFeB magnets have expanded into various applications, including electric and hybrid vehicle motors, wind power generators, air conditioning compressors and fans, and energy storage systems. Another important material in this market is Alnico, an alloy made from aluminum, nickel, and cobalt. Prior to the discovery of NdFeB in the 1970s, Alnico-based magnets were the strongest available. According to Magnet Applications, Inc., the average energy density (BHmax) of Alnico magnets is 7 MGOe, which is higher than ferrite magnets but significantly lower than that of NdFeB magnets.
Order a free sample PDF of the Permanent Magnets Market Intelligence Study, published by Grand View Research.
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marketstudyreport · 7 days ago
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Permanent Magnets Market 2030 Overview, Global Industry Size, Price, Future Analysis
In 2023, the global permanent magnets market reached a valuation of USD 22.18 billion and is projected to grow at an 8.7% compound annual growth rate (CAGR) from 2024 through 2030. This growth is largely driven by the increasing demand for renewable energy sources like wind and solar power. Permanent magnets play a critical role in enhancing the efficiency of wind turbine generators, a key application area in this sector. Specifically, rare earth magnets such as Neodymium Ferrite Boron (NdFeB) are commonly used in wind turbines due to their high reliability and reduced maintenance needs.
In the United States, the demand for permanent magnets is anticipated to grow at a faster rate than that for ferrite magnets, driven by applications in high-tech sectors like robotics, wearable technology, electric vehicles (EVs), and wind energy. Following the 2008-09 economic downturn, the U.S. automotive industry has seen steady recovery, with a growing emphasis on electric vehicles. Notably, the adoption of plug-in electric vehicles has increased, spurred by innovations from prominent manufacturers including Tesla, Chevy, Nissan, Ford, Audi, and BMW. For example, Tesla began incorporating motors with neodymium magnets in 2018.
Despite this growth, the U.S. faces a supply challenge due to a limited number of domestic manufacturers for permanent motor magnets, leading to substantial imports. In 2023, the U.S. imported around 4 million pounds of automotive parts from China, a majority of which were electric motors. The ongoing trade tensions with China have raised concerns about access to essential rare earth materials. In response, the U.S. government has launched several initiatives, including funding mining projects under the Defense Production Act, aiming to bolster the domestic supply of rare earth materials and reduce dependence on imports.
Gather more insights about the market drivers, restrains and growth of the Permanent Magnets Market
Material Segmentation Insights:
In 2023, ferrite materials dominated the permanent magnet market, capturing a revenue share of approximately 36.0%. Ferrite magnets are predominantly used in motor applications, accounting for over 65% of total ferrite magnet usage. Their application spans automotive motors (19%), appliance motors (14%), HVAC systems (12%), and various industrial and commercial motors (11%) as of 2022. Additional uses of ferrite magnets include loudspeakers, separation equipment, Magnetic Resonance Imaging (MRI), relays & switches, and lifting devices.
The Neodymium Iron Boron (NdFeB) segment is expected to be the fastest-growing segment by volume and revenue in the forecast period. Over the last five years, NdFeB magnets have expanded into various applications, including electric and hybrid vehicle motors, wind power generators, air conditioning compressors and fans, and energy storage systems. Another important material in this market is Alnico, an alloy made from aluminum, nickel, and cobalt. Prior to the discovery of NdFeB in the 1970s, Alnico-based magnets were the strongest available. According to Magnet Applications, Inc., the average energy density (BHmax) of Alnico magnets is 7 MGOe, which is higher than ferrite magnets but significantly lower than that of NdFeB magnets.
Order a free sample PDF of the Permanent Magnets Market Intelligence Study, published by Grand View Research.
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GDPR Certification in Pune: Ensuring Data Protection and Privacy
In an age where data breaches and privacy concerns dominate headlines, the importance of data protection cannot be overstated. The General Data Protection Regulation (GDPR), enacted by the European Union (EU) in 2018, has set a global benchmark for data privacy and protection. While it primarily applies to organizations operating within the EU, its reach extends to any business that processes the personal data of EU citizens, regardless of where the organization is located. For companies in Pune, understanding and complying with GDPR is essential for protecting customer data and maintaining regulatory compliance. This blog will explore the significance of GDPR certification, its implications for businesses in Pune, the certification process, and the benefits it offers.
Understanding GDPR
GDPR certification in Pune is a comprehensive data protection regulation that aims to protect the privacy and personal data of individuals within the EU. It outlines strict guidelines on how organizations should collect, store, and process personal data. Key principles of GDPR include:
Transparency: Organizations must inform individuals about how their data will be used and obtain explicit consent before processing.
Data Minimization: Only the data necessary for a specific purpose should be collected.
Accuracy: Organizations are responsible for ensuring the accuracy of the data they collect and must rectify any inaccuracies promptly.
Storage Limitation: Personal data should be retained only as long as necessary for the purpose for which it was collected.
Integrity and Confidentiality: Organizations must implement appropriate security measures to protect personal data from unauthorized access, disclosure, and destruction.
Failure to comply with GDPR can result in significant fines, reaching up to 4% of a company’s global annual revenue or €20 million, whichever is higher.
The Importance of GDPR Certification in Pune
Pune, a thriving IT and business hub, is home to numerous organizations that collect and process personal data. For businesses operating in this environment, GDPR certification offers several critical advantages:
Compliance with Legal Requirements: GDPR registration in Pune ensures that organizations comply with the stringent data protection regulations outlined by the EU. This compliance is essential for avoiding hefty fines and legal repercussions.
Building Customer Trust: In a world increasingly concerned with privacy, customers are more likely to engage with businesses that prioritize data protection. GDPR certification demonstrates a company’s commitment to safeguarding customer data, enhancing its reputation and credibility.
Competitive Advantage: With data privacy becoming a key differentiator in the market, organizations with GDPR certification can stand out among competitors. This certification signals to potential clients and partners that the business is serious about data protection.
Risk Mitigation: Achieving GDPR certification requires organizations to implement robust data protection measures, reducing the risk of data breaches and cyberattacks. This proactive approach not only protects sensitive information but also helps mitigate potential financial losses associated with data breaches.
Access to Global Markets: For businesses in Pune seeking to expand their operations internationally, GDPR certification is crucial. It allows organizations to engage with EU clients and customers while ensuring compliance with local data protection laws.
The GDPR Certification Process
Obtaining GDPR certification involves several key steps that organizations must follow:
Gap Analysis: Conduct a comprehensive assessment to identify areas where the organization’s data protection practices do not meet GDPR requirements. This analysis helps pinpoint weaknesses and areas for improvement.
Implementing Policies and Procedures: Develop and implement data protection policies, procedures, and protocols to address the identified gaps. This may include updating privacy notices, consent mechanisms, and data handling practices.
Training and Awareness: Educate employees about GDPR implementation in Pune and best practices for data protection. Ensuring that staff understand their roles and responsibilities in safeguarding personal data is critical for compliance.
Documentation: Maintain thorough documentation of data processing activities, including data inventories, processing agreements, and privacy impact assessments. This documentation is essential for demonstrating compliance during audits.
Third-Party Assessments: If applicable, organizations should engage a third-party certification body to conduct an external audit of their data protection practices. This independent assessment provides an objective evaluation of compliance.
Certification: Upon successful completion of the assessment and implementation of necessary measures, organizations can obtain GDPR certification from an accredited certification body.
Choosing a Certification Body in Pune
When seeking GDPR certification, selecting the right certification body is crucial. Organizations in Pune should consider the following factors:
Accreditation: Ensure the certification body is accredited and recognized by relevant authorities. This accreditation enhances the credibility of the certification.
Experience: Look for a certification body with a proven track record in GDPR certification and data protection assessments.
Comprehensive Services: Choose a body that offers a full range of services, including gap analysis, training, and ongoing support for maintaining compliance.
Conclusion
As data protection and privacy continue to be pressing concerns for consumers and organizations alike, GDPR certification has become essential for businesses operating in Pune. By prioritizing compliance with GDPR, organizations not only protect their customers’ data but also enhance their credibility, mitigate risks, and gain a competitive edge in the marketplace. In a rapidly evolving digital landscape, GDPR consultant in Pune serves as a critical investment in the future of data security and privacy, positioning organizations for success in an increasingly data-driven world.
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globalindustrytrends · 21 days ago
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Rising Sleep Disorders Drive Growth in Sleep Tech Devices Industry
The global sleep tech devices market is set to expand from $12,888.4 million in 2020 to $49,984.7 million by 2030, growing at a CAGR of 14.5% from 2020 to 2030, according to P&S Intelligence. Key factors driving this growth include the increasing prevalence of sleep disorders, heightened awareness of the negative effects of untreated sleep apnea, and the rising use of oral appliances.
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Sleep disorders, such as insomnia, sleep apnea, narcolepsy, parasomnias, and restless legs syndrome, are becoming more common, leading to increased demand for sleep tech devices. These disorders can impact various aspects of life, including mental health, productivity, safety, and even body weight. Furthermore, untreated sleep disorders can raise the risk of developing conditions like heart disease and diabetes. Awareness of the dangers of untreated sleep apnea is also propelling market growth.
According to the American Academy of Sleep Medicine (AASM), obstructive sleep apnea (OSA) is a prevalent condition where breathing pauses occur during sleep. If untreated, it can significantly affect a person’s health and well-being, altering oxygen levels and vital signs, and degrading sleep quality. Long-term untreated apnea adds stress to the body, increasing the risk of other health problems.
The market is segmented into wearable and non-wearable devices based on product type. Wearable devices generated higher revenue from 2015 to 2020 and are expected to continue leading due to the rising demand for portable devices that can track and monitor data in real time. These wearables assist healthcare providers by enabling early problem detection and continuous monitoring.
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Geographically, North America has dominated the market due to high healthcare expenditure and increased public awareness of the benefits of proper sleep. The growing prevalence of sleep disorders has further fueled demand in the region. For instance, approximately 50–70 million U.S. adults were affected by sleep disorders in 2018, according to Sleep Apnea Statistics.
Meanwhile, the Asia-Pacific (APAC) region is anticipated to witness the fastest market growth in the coming years. Factors such as technological advancements, a growing elderly population, and increased adoption of sleep technology drive demand. As older adults are more prone to sleep disorders, the increasing geriatric population boosts the market in this region. Additionally, industry players are engaging in mergers and acquisitions to meet the rising demand.
Thus, the future of the sleep tech devices market looks promising, driven by the increasing incidence of sleep disorders worldwide.
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researchrealmblog · 1 month ago
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Middle East and Africa (MEA) To Observe Explosive Growth of Compressor Market During 2020-2030
Valued at $39.9 billion in 2019, the global compressor market is predicted to generate $48.5 billion revenue in 2030. Furthermore, as per the forecast of P&S Intelligence, a market research firm, the market would advance at a CAGR of 3.1% from 2020 to 2030. The prominent factors driving the progress of the market are the increasing number of food processing companies in several countries, thriving automotive industry, and the growing preference for screw compressors over piston compressors in industries.
Compressors are extensively used in the automotive industry in various applications such as car painting, tire inflation, engine construction, and air conditioning systems. As a result, the boom of the automotive industry, especially in the Asia-Pacific (APAC) region, on account of the growing disposable income of people, rapid technological advancements, and ballooning requirement for electric cars, is causing a sharp surge in the sales of compressors. As per reports, over 2.1 million electric cars were sold globally in 2019.
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Electric cars accounted for 2.6% of the total number of cars sold across the world in 2019 and registered as much as 40% Y-o-Y (year-on-year) growth in sales from 2018. Besides this, the surging sales of heating, ventilation, and air conditioning (HVAC) systems is also propelling the growth of the compressor market. The sales of these systems are being driven by the increasing construction of commercial and residential buildings and the rapid development of various energy-efficient systems.
Apart from being heavily used in the automotive industry and HVAC systems, compressors are also being extensively used in gas pipelines for maintaining the required pressure and flow. As a result, the growth of the gas pipeline network in various geographical regions, because of the rising requirement for natural gas in domestic settings, soaring population, and increasing industrialization and urbanization, is positively impacting the sales of compressors across the globe.
For example, in 2017, Gazprom developed 121 gas pipelines over an area of 1,148 miles in as many as 32 constituent entities of the Russian Federation. Furthermore, GAIL (India) Limited announced in 2018 that it intends to construct 3,418 miles of new gas pipelines over the next three years. This construction of new pipelines would help the company expand its gas pipeline network. With the expansion of so many pipelines, the demand for compressors would shoot-up in the coming years.
Depending on portability, the compressor market is bifurcated into stationary and portable compressors. Between these, the stationary bifurcation recorded higher revenue growth in the market during 2014—2019. Moreover, this bifurcation would dominate the market in the future years, on account of the rising popularity of stationary compressors across the world. Stationary compressors have greater storage capacities and are more powerful than the portable variants. As a result, they are more widely preferred over portable compressors in various industries.
Globally, the compressor market is predicted to exhibit the fastest growth in the Middle East and Africa (MEA) region in the upcoming years, mainly because of the soaring investments being made in the development of manufacturing facilities and the ballooning production of processed foods in the region. In addition to this, the increasing manufacturing of automobiles in the regional countries such as Egypt, Algeria, Tunisia, and Morocco is further boosting the growth of the market in this region.
Thus, it can be said with full conviction that the market would boom all over the world in the future years, primarily due to the rapid growth of the automotive and oil and gas industries and the extensive usage of compressors in various applications in these industries.
Source: P&S Intelligence
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ivanmkt100kirara · 1 month ago
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Post #4 - SWOT Analysis
Strength: For the targeted demographic it aims for, which was designed for primarily young men despite the cute endearing looks, it has a unique sort of feel towards it. You don't expect a magazine that is devoted to cute girl stuff to be aimed at a higher audience, but because of the more relaxing and entertaining motive of what is offered, the strength of the band is having a unique position in terms of Japanese magazines, and other work in general. The relatively cheap price and constant release schedule also allows for much needed customer excellence to be present regularly.  In a 2007 interview with chief Hiroyuki Kobayashi, it was mentioned that the aforementioned demographic expanded to include younger teenagers, mentioning more universal appeal as a key strength.
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Weakness: That being said, given that the magazine and brand is dedicated to just cute girl stuff, an obvious weakness would be that if someone is not interested in those things, the magazine will not appeal to them. It’s a very specific reach. Not everyone is going to be interested in what the world of Manga Time Kirara is going to offer, and some may only like fractions of it, but not the whole package. Someone may enjoy just the series featured in the MAX magazine, and another could only be interested in Carat’s offerings. Of course, any revenue is good for Kirara and subsequently Houbunsha, but if you were in their shoes, I imagine you would want to aim for your average consumer to like all your magazines.
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Opportunities: In part to the sponsorship and events that Manga Time Kirara does for the magazine, another benefit is their events to celebrate their characters and franchise. Starting in autumn 2018, Manga Time Kirara has held exhibitions honoring their work, as well as engaging with their audience by providing the chance to explore and getting to know the magazine at heart, which take place almost yearly, or at least every other year. Just last month, Manga Time Kirara Exhibition FINAl, their latest event, took place in honor of the 20th anniversary of the magazine. Lasting for a week in Tokyo, the event served as an exhibition of both Kirara’s history and their legacy, including displaying their past magazines for attendees to see and discussing the impact left behind across the decades. It felt like not just a celebration of the magazine, but also for those who have stuck around throughout the years, showing a great respect between the company and the audience. These exhibitions allow an opportunity for engagement that makes the bond between sides stronger. It makes the brand feel lively.
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Threat: In terms of other competition, there really isn't anything out there to combat against it. There are a few other magazines that have tried to do a similar thing, including Comic Cune, which began in 2015, but none have reached the impact and love that Kirara has in Japan. They are the lead in their target market, and it’ll likely be that way for a while. In contrast to other brands or companies or even magazines, the threat is comparably minimal. Most would probably like their threats to be that way, and that's about it for threats.
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Sources:
Plachina (8, June 2007) Moe 4 Frames, Good Kanji? Manga Time Kirara Editorial Department Interview. Plachina. Retrieved October 2nd, 2024 https://web.archive.org/web/20100704140425/http://www.p-tina.net/interview/80
Yahoo Japan (20, September 2024) Writing Down 100 Works Such as "K-On!" "Manga Time Kirara Exhibition FINAL" Opens on the 21st. Yahoo Japan. Retrieved October 2nd, 2024 https://news.yahoo.co.jp/articles/d2bd60ffb7228cc743e1022a912cbe1429ffa9e0
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docvuai · 1 month ago
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Document Automation and the Future of Non-QM Loans with IDP solutions
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As margins thin out, lenders are faced with the task of reconfiguring their existing cost structures while looking for alternate revenue streams. The non-QM market is emerging as a lucrative and practical solution for many. COVID-19 halted the boom of non-QM due to the liquidity constraint, however, it regained its market share and finished 2021 with 25 billion worth of originations and is anticipated to double in 2022.
What is a Non-QM Loan?
A loan which has any one of the criteria below will be considered non-QM:
Debt-to-Income greater than 43%
Blemish on FICO credit due to unforeseen circumstances
Self-employed for less than two years
Low income on tax returns
A non-qualified mortgage doesn’t conform to the consumer protection provisions of the Dodd-Frank Act.
For example, if you have a DTI of more than 43% or have erratic income and don’t meet the income verification requirements set out in the Dodd-Frank Act or by most lenders, you are not eligible for a qualified mortgage and may be offered a non-qualified mortgage instead.
How Do Lenders Verify Income for Non-QM Loans?
Non-QM loans don’t adhere to the standards required for QM loans, but that doesn’t mean they are low-quality loans. A study conducted in 2018 shows that the differences in credit score and loan-to-value ratio between non-QM borrowers and QM borrowers are minimal. However, non-QM borrows on average do have a higher DTI ratio.
Non-QM loans provide flexibility for lenders to offer mortgages to people not eligible for QM loans. Nevertheless, lenders still need to substantiate the documents provided, including income sources. They may also want to verify assets or any other information that assures them the borrower will be able to repay the loan. Non-QM loans are not insured, guaranteed, or backed by FHA, VA, Fannie Mae, or Freddie Mac.
The Evolution of the Mortgage Market
The non-QM market shows promise for the future due to the below factors:
Stricter Regulations 
Regulatory bodies, Fannie Mae, and Freddie Mac have made stricter restrictions to reduce possible risks by limiting the percentage of qualified loans offered. This has resulted in a smaller government box, isolating a large section of borrowers who do not conform with the GSE. Moreover, with bank lending restrictions also becoming stricter, this aided non-QM loans to become a more accommodative alternative for loan seekers.
2. Evolving Borrower Profile 
There has been a radical change in employment profiles across the country triggered by the COVID-19 pandemic. Entrepreneurship is on the up with a significant percentage of salaried individuals starting their own business due to loss of jobs.
According to statistics, the growth of start-up businesses in the country has risen by 24% from 2019 to 2020. A Forbes report published in 2019 estimated that nearly 30% of Americans are self-employed. This opens the non-QM market to a large number of individuals who become natural candidates for non-QM loans as Fannie Mae and Freddie Mac primarily favor the salaried class.
3. Soaring Home Prices 
Home prices over the past few years have seen a gradual rise. The mortgage market is generally shifting away from refinances, which made up over 50% of the market in the last 12 months, to a purchase driven market. The demand for large-sized loans has increased – mostly in the form of Non-QM, as the GSE guidelines around investment properties have been disqualifying most candidates for agency loans.
Key Challenges Faced by Lenders in the Non-QM Space
While interest in the market is on the rise, there are challenges for Non-QM loans. Despite the growing interest, the sector does face some basic functional challenges that lenders are required to overcome. The key ones are detailed below-
Managing Error-Prone Manual Processes
Manual processing of Non-QM can lead to errors, longer timelines and higher costs. Non-QM products do tend to be a bit diverse. This makes the requirement of proper technology to streamline tasks and improve efficiency levels across the organization quite a pressing one.  Though there are many generic automation solutions available in the market, Non-QM loans require specialized solutions to get the domain intelligence into the system.
2. Mitigating Risks of Frauds
Mortgage fraud has been rising steadily in the last decade. Due to a relaxation in DTI ratio and other criteria, it becomes critical for Non-QM providers to have a robust risk and fraud mitigation mechanism.
3. Dealing with the Changing Cost Structures
When looking at the total number of mortgage units over the last 10 years, the market has fluctuated up or down by up to 50% each year. It’s clear that mortgage is an industry that is subject to high fluctuations. Due to this ambiguity, increasing fixed costs by investing in additional capacity can be a risk.
The pivotal role of specialized document automation technology in overcoming functional challenges
Specialized solutions can help to overcome functional challenges faced in disbursing Non-Qualified Mortgages. Document automation involves using advanced technology such as AI to simplify the lengthy tasks pertaining to disbursing a typical non-QM loan – right from onboarding, processing, underwriting, pricing, packaging, and closing in a cost-effective way.
DocVu.AI – the most innovative AI/ML solution for BFSI* is designed to be workflow-driven and follows the same set of rules that is adhered to when tasks are manually executed. With the use of intelligent algorithms, the solution significantly increases the pace of execution and reduces the probability of costly human errors.
As a result, Non-QM Mortgage lenders gain increased freedom to take on additional workload due to the automation introduced at several points without worrying about capacity constraints. This empowers the lenders to place their undivided focus on core areas for sustainable growth.
*As per IBS Intelligence 2021 ratings
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umadeochake · 1 month ago
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Global Bottled Water Packaging Market Size: Regional Outlook and Analysis 2024-2036
The recent market research analysis of “Bottled Water Packaging Market: Global Demand Analysis & Opportunity Outlook 2036” by Research Nester delivers an in-depth competitors analysis and a detailed overview of the global bottled water packaging market in terms of market segmentation by water type, material type, and by region over the forecast period, i.e., 2023-2033.
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Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the global bottled water packaging market. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market is poised to gain significant momentum in the next few years.
Request Free Sample Copy of this Report @ https://www.researchnester.com/sample-request-4502
Bottled water packaging market to find numerous growth opportunities on the back of growing sales and consumption of bottled water, finds Research Nester
The global bottled water packaging market is estimated to grow majorly on account of the higher trend of tourism boosting the demand for bottled water. In 2022, the number of international arrivals was anticipated to be about 450 million. Additionally, it is estimated that around 80 billion water bottles are produced across the globe annually. Moreover, the increasing consumption of bottled water is further projected to fuel the market growth over the forecast period. it was observed that the bottled water volume reached approximately 55 liters per person in 2022.
The global bottled water packaging market is segmented on the basis of bottle water type into carbonated, still, flavored, and functional bottle water. The diabetes segment is to garner the highest revenue by the end of 2033 by growing at a significant CAGR over the forecast period. The growth of the market can be accounted to higher demand for sparkling water worldwide. As of 2018, the sparkling water sales reached approximately USD 350 million and further estimated to hit around USD 500 million in 2022.
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By region, the North America bottled water packaging market is to generate the highest revenue by the end of 2033. This growth is anticipated by rising prevalence of diseases caused by consuming contaminated water such as, diarrhea, hepatitis A and others. For instance, in 2019, around 16 thousand new cases of hepatitis A were observed solely in the South Korea.
The research is global in nature and covers detailed analysis on the bottled water packaging market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising of global bottled water packaging market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
This report also provides the existing competitive scenario of some of the key players of the global bottled water packaging market which includes company profiling of Amcor Limited, Berry Global Inc., Aqua Amore Limited, Plastipak Holdings, Ins., Graham Packaging Company, Silgan Holdings Inc., RPC Group Ltd, Alpha Group, Greiner Packaging GmbH, CKS Packaging, Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global bottled water packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     
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About Research Nester-
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 to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
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industrynewsupdates · 27 days ago
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Permanent Magnets Market Opportunities, Segmentation and Forecast Report 2024 - 2030
The global permanent magnets market size was valued at USD 22.18 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2030. 
The rising prominence of renewable energy sources, such as wind and solar, is anticipated to positively aid the market growth over the forecast period. At present, permanent magnets are used in wind turbine generators for increasing their efficiency. Rare earth magnets, such as Neodymium Ferrite Boron (NdFeB), are being predominantly used in wind turbines owing to benefits, such as increased reliability and reduction in maintenance costs.
The permanent magnet market in U.S. is expected to grow at a higher rate than its ferrite counterpart over the forecast period owing to its wide usage in high-end applications like robotics, wearable devices, electric vehicles, and wind power. Since the economic meltdown of 2008-09, the automotive industry in the U.S. has grown steadily. The country has been witnessing a significant rise in the adoption of plug-in electric cars, primarily driven by the advanced products offered by key players, such as Tesla, Chevy, Nissan, Ford, Audi, and BMW, among others. In early 2018, Tesla became one of several electric carmakers to use motors with neodymium magnets.
Gather more insights about the market drivers, restrains and growth of the Permanent Magnets Market
Permanent Magnets Market Report Highlights
• The ferrite material segment dominated the market in 2023 mainly due to the wide usage of ferrite magnets in medical devices
• The NdFeB material segment is likely to witness the fastest CAGR, in terms of revenue, over the predicted timeline
• The rising popularity of anti-lock braking system sensors in vehicles is anticipated to aid the segment growth over the coming years
• The medical segment is estimated to be among the key application fields over the forecast period owing to the increased spending in healthcare infrastructure across the globe post-pandemic
• Asia Pacific is estimated to emerge as the largest as well as the fastest-growing regional market, in terms of revenue, from 2024 to 2030. China is projected to remain the key contributor to the regional market of Asia Pacific
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
• The global chemical mechanical planarization market size was estimated at USD 6.01 billion in 2023 and is anticipated to grow at a CAGR of 7.2% from 2024 to 2030.
• The global aluminum wire market size was estimated at USD 31.95 billion in 2023 and is projected to grow at a CAGR of 6.1% from 2024 to 2030.
Permanent Magnets Market Segmentation
Grand View Research has segmented the global permanent magnets market based on material, application, and region:
Permanent Magnets Material Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
• Ferrite
• Neodymium Iron Boron (NdFeB)
• Aluminum Nickel Cobalt (Alnico)
• Samarium Cobalt (SmCo)
Permanent Magnets Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
• Automotive
• Consumer goods & electronics
• Industrial
• Aerospace & Defense
• Energy
• Medical
• Others
Permanent Magnets Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o Russia
o UK
o France
o Italy
• Asia Pacific
o China
o India
o Japan
o South Korea
o Indonesia
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o KSA
Order a free sample PDF of the Permanent Magnets Market Intelligence Study, published by Grand View Research.
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tamanna31 · 2 months ago
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Nanocellulose 2023 Industry – Challenges, Drivers, Outlook, Segmentation - Analysis to 2030
Nanocellulose Industry Overview
The global nanocellulose market size was valued at USD 351.5 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. 
The growth is attributable to the rise in demand for various applications and the shifting trend for using bio-based goods are the factors responsible to drive demand for product. Due to its various qualities, such as increased paper machine efficiency, better filler content, lighter base mass, and higher freeness, nanocellulose is suitable for the producing a wide range of products. The paper industry uses nanocellulose as a prominent sustainable nanomaterial additive owing to its high strength, strong oxygen barrier performance, low density, mechanical qualities, and biocompatibility among the available bio-based resources. Additionally, the construction of materials, aqueous coating, and others are some of the major uses of nanocellulose composite materials.
Gather more insights about the market drivers, restrains and growth of the Nanocellulose Market
The U.S. is the largest market for nanocellulose in North America contributing a considerable amount to global revenue. People in the U.S. are concerned about their health, which has greatly aided the use of MFC (Micro fibrillated Cellulose) and CNF (Cellulose nanofibers) in the production of functional food products thus increasing the demand for nanocellulose in the country.
The food & beverage, and paper & pulp industry are majorly driving product growth in the country. Demand in the country is majorly driven by the increasing awareness and insistence on highly advanced sustainable products along with paper-based packaging in the food & beverage industries.
The pulp & paper business heavily utilizes nanocellulose as an ingredient to create light and white paper that further accelerates the market growth. Owing to its benign qualities it is used in healthcare applications such as biomedicines and personal hygiene products. Additionally, owing to its superior adsorption abilities, Nanocellulose is a suitable constituent for sanitary napkins and wound dressings. The market has been further stimulated by expanding product research activity.
Nanocellulose Market Segmentation
Grand View Research has segmented the global nanocellulose market report based on the type, application, and region:
Type Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)
CNF (NFC, MFC)
Bacterial Cellulose
CNC
Application Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)
Pulp & Paperboard
Composites
Pharmaceuticals & Biomedical
Electronics
Food & Beverages
Others (Textile, Paints, cosmetics, Oil & Gas, Cement)
Regional Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)
North America
US
Canada
Mexico
Europe
UK
Germany
Netherlands
France
Finland
Norway
Sweden
Switzerland
Spain
Asia Pacific
China
India
Japan
South Korea
Australia
Thailand
Malaysia
Singapore
Central & South America
Brazil
Colombia
Chile
Middle East & Africa
Saudi Arabia
South Africa
Israel
Iran
Browse through Grand View Research's Renewable Chemicals Industry Research Reports.
The global chondroitin sulfate market size was valued at USD 1.29 billion in 2023 and is projected to grow at a CAGR of 3.6% from 2024 to 2030.
The global pine-derived chemicals market size was estimated at USD 5.82 billion in 2023 and is projected to grow at a CAGR of 4.4% from 2024 to 2030. 
Key Companies & Market Share Insights
The market is consolidated owing to the existence of a few major players in the market including Cellu Force, Fiber Lean, Kruger INC., and others. Manufacturers operating in the market engage in strategic mergers & acquisitions, geographical expansion, product developments, and innovation in order to strengthen their positions, increase profitability, and simultaneously generate innovations and advancements.
When compared to other nanotechnology high-performance materials, nanocellulose offers a lower cost and the potential to replace many products made from petrochemicals. It has exceptional qualities like biodegradability, transparency, flexibility, high mechanical strength, and barrier characteristics, among others. Growing interest in health issues and the food & beverage industries will both have a significant impact on the market share in the years to come.
Consequently, the focus on manufacture of the product has increased owing to increasing awareness about health and environmental concerns arising from harmful chemical products. The global market has witnessed several new product developments, mergers & acquisitions and joint ventures due to several industrial challenges. Some prominent players in the global nanocellulose market include:
Cellu Force
Fiber Lean
NIPPON PAPER INDUSTRIES CO., LTD.
Kruger INC
Borregaard AS
CelluComp
Melodea Ltd
Blue Goose Refineries
GranBio Technologies
Stora Enso Biomaterials
Order a free sample PDF of the Nanocellulose Market Intelligence Study, published by Grand View Research.
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