Men's Night & Underwear Market Analysis of Industry Size and Economic Growth Report by 2028

The global men’s night and underwear market size is expected to reach USD 42.15 billion by 2028, registering a CAGR of 5.2% over the forecast period, according to a new report by Million Insights. The rising popularity of night and underwear due to growing consciousness about personal hygiene and health is driving the market growth. Factors such as the growing middle-class population and the rising consumer spending on men’s apparel across the developing and developed economies are further propelling the market growth. Moreover, rising disposable income and urbanization across the globe and the changing consumer lifestyles and preferences are expected to accelerate market growth in the upcoming years.

Manufacturers are investing to produce innovative products and attractive design patterns in the context of fashion, fabric, style, print, and color which in turn is expected to propel the market growth over the forecast period. The positive demographic trends along with changing consumer preferences coupled with fashion trends are expected to accelerate the market growth. The increasing organized retail, which surges availability of the men’s night & underwear apparel coupled with a rise in ready-to-wear (RTW) products are accelerating the market growth.

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The COVID-19 pandemic had suspended the transportation services of men’s night and underwear for a short duration in many countries. Closure of the manufacturing sector, retail shops, and commercial activities, and several restrictions on the movement of the people have disrupted or stopped the supply chain of non-essential products by measures arising from COVID-19 restrictions. Moreover, logistics and external trade of the products is disturbed due to the pandemic affecting the entire value chain in several countries.

The nightwear segment is expected to register the fastest CAGR of 5.7% from 2021 to 2028. The increasing usage of men’s nightwear due to rising fashion trends from developed and developing economies is propelling the growth of the market. Moreover, factors such as the rising consumer expenditure on nightwear and growing retail penetration are propelling the growth of this segment.

The online segment is expected to register the fastest CAGR of 6.0% from 2021 to 2028. Increasing internet and smartphone penetration across the globe is accelerating the growth of this segment. Moreover, an upsurge in product sales through various company-owned websites and e-commerce platforms is expected to propel the growth of the online distribution channel segment during the forecast period.

Asia Pacific made the largest contribution to the global market with a revenue share of over 35% in 2020 due to changing lifestyles, rising urbanization, and growing disposable income of consumers. The evolving fashion trends coupled with the changing consumer preferences in this region are anticipated to propel market growth in the forthcoming years. Furthermore, the presence of a huge customer base in countries like China and India is expected to further fuel the demand for men’s night and underwear products.

Men’s Night & Underwear Market Report Highlights

• Asia Pacific held the largest revenue share of more than 35% in 2020 owing to the changing consumer preferences

• Nightwear is expected to foresee the fastest CAGR of 5.7% from 2021 to 2028 due to the increasing consumer expenditure

• The offline distribution channel segment held the largest revenue share in 2020, contributing to more than 75% of the total revenue due to well-established distribution network across the globe

• North America is expected to witness the fastest CAGR of 5.8% from 2021 to 2028 owing to rising demand for luxury and premium quality night and underwear products

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Robo-Advisors Market Analysis and Competitive Landscape Report to 2028

The global robo-advisors market size is estimated to reach USD 5,401.19 billion by 2028, registering a CAGR of 18.6% over the forecast period, according to a new report by Million Insights. The cost-effective investment advisory and more accessibility is the key driver for the market. In addition, the augmented use of technology by advisors for advice and execution drives the industry growth. However, the lack of investment choice is the major restraint for the market. The COVID-19 pandemic had a positive impact on the market.

The industry had witnessed considerable growth due to the increased adoption of robo advisors for efficient wealth and asset management in a large volatile market during the pandemic. Most of the investors took benefit of investment opportunities that occurred during the pandemic. The competencies of robo advisors to reduce illogical behavior and poor & spontaneous decision-making during a critical time like the COVID-19 pandemic remarkably contributes to the market development.

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The automated online portfolio management services segment accounted for the maximum revenue share in 2020. The automated online portfolio management services help customers with an investment strategy that has the potential to grow. Moreover, these services help the customers reach their goals with a diversified portfolio that stays aligned with their preferred risk tolerance. Thus, its demand is high and contributes more to the market revenue.

Robo-Advisors Market Report Highlights

• Asia Pacific is estimated to grow at the highest CAGR from 2021 to 2028 due to a rise in internet usage along with low-cost investment guidance, as well as growth in digital consulting technologies’ maturity

• North America accounted for the largest market share in 2020. The U.S. majorly contributes to the North America regional market

• The U.S. was the first country to introduce the automated financial advisor and also represent the leading robo-advisory industry in the world

• The rise in the adoption of robot advisory among investors is also acting as a reason for the growing demand for this technology. The highest asset under management in the market was reached in the U.S. in 2020

• The financial advisory services segment is likely to register the highest CAGR from 2021 to 2028

• FinTech companies depend on technology advisory by implementing AI and ML to offer precise and transparent services to retail investors, thereby driving the segment growth

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Conveyor Oven Market Growth Information Analysis Report by 2028

The global conveyor oven market size is expected to reach USD 169.8 million by 2028. It is expected to expand at a CAGR of 3.6% from 2021 to 2028. Increased need for cooking multiple products in less period will drive the demand for conveyor ovens. Reducing cooking time by 25% and consuming less temperature as compared to conventional ovens will attract a large number of restaurant and bakery chains, resulting in a growing demand for conveyor ovens. A conveyor oven is capable of preparing a large volume of food of a similar type without human intervention and uses belts to move food products through a heated chamber at a constant speed.

Manufacturers are coming up with new product developments with added features, like providing a digital display, which makes it easy to operate and adjust the speed and temperature. Cooking the food products in less time and at lower temperature with the help of air impingement benefits by saving energy and getting baked products in quick time. Manufacturers design the products in such a way that they are energy conservable by recycling the air from the heater to product, easily cleanable and serviceable, and consistent by delivering the product with perfect time.

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The ability to provide perfect timely product with consistency, distributed workflow as raw food loading from one side and unloading from another side, and more cooking capacity in the same carpet area due to stackable and versatility of cooking lot of items at the same time are some of the key factors responsible for increasing the market demand.

The COVID-19 pandemic has brought economic slowdown all over the world. Many countries imposed a strict lockdown all over the states, which brought restrictions on the physical movement of people. All the shops, malls, and restaurants were closed during the period. Like other industries, the food equipment industry also witnessed a slowdown in economic growth during the pandemic period. The market for conveyor ovens was also affected negatively during the pandemic period. It is expected that as things get normalized post-2021, the food industry will also get on track, which will open new growth opportunities for conveyor ovens.

Conveyor Oven Market Report Highlights

• North America accounted for the largest share of over 35.0% in 2020. The U.S.is significantly contributing to the regional market growth owing to the presence of a large number of global players and the rising demand for conveyor ovens from industries

• On the basis of technology, the convection segment held the largest share of over 59.0% in 2020 and is projected to register the fastest CAGR from 2021 to 2028. Convection technology helps to reduce cooking time by 25% at a lower cooking temperature

• Europe is projected to register the fastest CAGR of 4.0% from 2021 to 2028. Increased use of conveyor ovens in restaurants, bakeries, and households will drive the regional market

• By type, the industrial/heavy conveyor ovens segment captured the largest share of over 70.0% in 2020 and is expected to grow at a steady rate from 2021 to 2028. Demand for industrial/heavy conveyor ovens is increasing in the food processing industry due to their capability of cooking a large volume of products at the same time

• Based on power source, electric conveyor ovens held the largest share of more than 55.0% in 2020. Conveyor ovens with electric power supply are the most accessible in the market

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Processed Meat Market Analysis of Industry Size and Economic Growth Report by 2028

The global processed meat market size is expected to reach USD 340.27 billion by 2028, registering a CAGR of 2.8% over the forecast period, according to a new report by Million Insights. The increasing production and consumption of processed meat products in developed and developing economies is accelerating market growth. The continuously evolving eating habits of the consumers are consequently driving innovation within the processed meat industry, which may accelerate the growth of the global market over the forecast period.

Consumers are increasingly demanding ready-to-cook meat products with better quality, and taste which is anticipated to propel the market growth. The rising consumer awareness and acceptance regarding convenience meat products is an important factor in the growth of the market. Moreover, the continuously changing dietary preferences and rising demand for premium quality and value-added meat products from consumers have expected to boost the market growth over the forecast period.

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The lockdown observed during the COVID-19 pandemic caused a slight decline in the market for processed meat due to the suspended supply chain of the products in various countries. Meat and meat product prices declined in 2020 due to the impact of COVID-19, temporarily shortening the demand for meat by some leading consuming and importing countries due to the limitations and closures of the market.

The poultry segment is expected to expand at the fastest CAGR of 3.6% from 2021 to 2028. The increasing demand for processing and treatment of poultry to enhance its tests and extend shelf life is expected to accelerate the growth of the market. Moreover, the rising demand for poultry products from developing countries due to the lower price of poultry processed meat as compared to other meat products is expected to drive the market growth.

The canned segment is anticipated to register the fastest CAGR of 3.1% from 2021 to 2028. The increasing demand for protein-rich and high-quality meat is accelerating the demand for the canned meat across the globe. Additionally, canned meat is gaining popularity among consumers has projected to drive market growth. Furthermore, the increasing demand for meat products, innovative processing technology, packaging, and distribution technology has led to significant market growth over the forecast period.

The online segment is expected to register the fastest CAGR of 3.9% from 2021 to 2028. The internet penetration rate has witnessed lucrative growth in recent years, which is accelerating the market growth of this segment. An upsurge in product sales through various company-owned websites and e-commerce platforms is expected to propel the growth of the online distribution channel segment during the forecast period.

North America made the largest revenue share of over 45% in 2020 due to changing lifestyles and rising urbanization. The increasing consumer awareness and acceptance regarding convenience meat products is an important factor in the growth of the market. In addition, the growing demand for premium quality meat products and protein-rich products have expected to boost the market growth over the forecast period.

Processed Meat Market Report Highlights

• North America held the largest revenue share of more than 45% in 2020 owing to increasing demand for premium quality meat products

• Poultry is expected to foresee the fastest CAGR of 3.6% from 2021 to 2028 due to rich protein sources for human consumption

• Offline distribution channel held the largest revenue share of more than 80% in 2020 due to well-established distribution network across the globe

• The canned form is expected to witness the fastest CAGR of 3.1% from 2021 to 2028 owing to the changing lifestyles and busy work schedules of the consumers

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Banner Advertising Market Main Top Players, Analysis and Forecast To 2028

The global banner advertising market size is expected to reach USD 87.14 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 4.6% from 2021 to 2028. The growing adoption of digital advertisement across emerging economies is accelerating the market growth. Furthermore, technological developments in artificial intelligence, big data analytics, and machine learning have allowed the delivery of customized advertising content to the customer, thereby boosting the market growth.

Banner advertising is rapidly gaining popularity owing to its effectiveness and escalating engagement of customers. In addition, a lockdown situation has been observed during the COVID-19 pandemic due to which the market witnessed a slight decline and many advertisers slashed marketing budgets or paused advertising spending for a shorter period. The increasing spending on digital advertising after the ease of several restrictions is expected to boost the market growth.

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The video banner ads type segment is expected to register the highest CAGR of 5.5% from 2021 to 2028. The growing adoption of display advertising is accelerating the segment growth. Moreover, various advertising companies are adopting banner advertising for the promotion of the brand. Additionally, video banner ads are affordable as compared to other advertising tools, which, in turn, is propelling the market growth.

The mobile platform segment is expected to register the highest CAGR from 2021 to 2028. The increasing number of smartphones users across the globe is propelling the market growth. Additionally, rising investment in developing mobile advertisement by the various advertisers due to the high engagement of customers in the mobile segment. Furthermore, the rising internet penetration rate and rapid urbanization are expected to accelerate the market growth.

North America held the largest revenue share of over 35.0% in 2020 due to the increasing mobile penetration rate and high adoption of tablets. Furthermore, consumers in the U.S. and Canada tend to be the early adopters of emerging solutions and technologies, thereby accelerating the market growth. Moreover, the presence of well-established corporations and a large number of global retailers are accelerating the growth of the market in this region.  

Banner Advertising Market Report Highlights

• Asia Pacific is expected to witness the fastest growth over the forecast period owing to the increasing mobile penetration rate

• The mobile platform segment is expected to register the fastest CAGR from 2021 to 2028 due to the rising number of smartphone users across the globe

• The rich media ads type segment held the largest revenue share of over 40.0% in 2020 due to a higher level of viewer engagement

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Sports Events Ticket Market Business Trends and Driver Forecast to 2028

The global sports events tickets market size is estimated to reach USD 18.79 Billion by 2028 and is expected to expand at a CAGR of 16.5% from 2021 to 2028, according to a new report by Million Insights. The key factors driving the growth of the market include the significant rise in sports events and activities such as National Basketball Association (NBA), National Hockey League (NHL), Major League Soccer (MLS), and Major League Baseball (MLB) across the globe. Moreover, the rising digitalization and access to online media platforms for sports ticket booking are the other factors that propel the market growth.

The market has experienced a significant downfall due to the COVID-19 pandemic with the cancellation of different sports events across the globe. The market is mainly impacted by the rapidly changing conditions that have compelled governments to impose a ban on all the activities that involve social gatherings and crowds. For instance, the delay of the Tokyo Olympics 2020 cost Japan a loss of billions. Cancellations, delays, and suspensions of some other sports including SXSW Music Festival cancellation, Big 10, and Big 12 also impacted the growth of the market for sports event tickets.

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The digital tickets segment is expected to register the highest CAGR of 17.3% over the forecast period of 2021 to 2028. The market is mainly driven by the growing demand for easy and convenient access to sports events to avoid the crowd. Moreover, the growing usage of mobile applications to get digital tickets and the rising penetration of smartphones across the globe are the factors contributing to the growth of the segment. In addition, the ease of purchasing tickets through internet-enabled smartphones and tablets is projected to contribute significantly to the growth of the industry.

Europe held a significant market share of more than 20.0% in 2020. Well-developed countries such as Germany, the U.K., and France are positively contributing to the market revenue. The high revenue share of Europe can be accredited to the strong presence of large sports event organizing companies and ticket providers in the region and the long-existing demand for online tickets. Additionally, higher GDP, per capita income, and per capita spending on sports events and cultural activities in the European countries altogether result in strong sales of event tickets in the region.

Sports Events Tickets Market Report Highlights

• The digital tickets segment is anticipated to register a CAGR of 17.3% from 2021 to 2028. A significant rise in smartphone users and the growing trend of e-tickets across the globe are anticipated to contribute to the growth of the segment

• The paper tickets segment held the largest revenue share of more than 60% in 2020. A large portion of conventional paper tickets used in the sports events industries such as football and cricket supported the revenue growth of the segment

• Europe held a revenue share of more than 20.0% in 2020, due to the strong and wide presence of the key players and long-standing demand for online ticket booking for sports events owing to a high number of smartphone users in the region

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Alternative Lending Market Demand and Growth Information Analysis Report by 2028

The global alternative lending market size is estimated to reach USD 807.8 billion by 2028 according to a new report by Million Insights. The market is expected to expand at a CAGR of 5.3% from 2021 to 2028. The minimum interest rate is the key factor that drives the growth of the market. In addition, the upsurge of innovative operating models is also acting as the driver for the market. The development of small and medium-sized enterprises, particularly in emerging countries, is another factor fueling the growth of the market.

However, lack of borrower protection is the major restraint for the market. Most of the key players operating are adopting different strategies such as mergers and acquisitions to capture maximum market share globally. In addition, almost all players working in the market are actively looking to diversify sources of financing. The COVID-19 pandemic has positively impacted the market. The business has witnessed steady growth due to the COVID-19 pandemic as most of the sectors suffered huge revenue losses and their request for loans increased largely to recover from these losses.

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Moreover, the consumer request for personal loans and educational loans also increased due to the impact of the COVID-19 pandemic. Thus, the COVID-19 pandemic has played an important role in pushing the development of the market. The crowdlending (business) segment contributed to the global market revenue share of more than 65% in 2020. Crowdlending provides private individuals, SMEs, and self-employed people an interesting alternative to a traditional bank loan, allowing them to get finance in a straightforward way and in reasonable conditions.

Alternative Lending Market Report Highlights

• In North America, the market is expected to forecast to the highest CAGR of 5.7% from 2021 to 2028. Alternative lenders are mainly concentrating on SMEs and education loans are the important sources of external financing for small businesses and is vital to helping them continue cash flow, buying new inventory or equipment, and raise their business

• In Asia Pacific, the market is expected to accounted for the largest revenue share in 2020 owing to digitization and supportive initiatives by governments to promote alternative lending in the region

• The market place lending (consumer) segment is likely to register the highest CAGR of 5.5% from 2021 to 2028. Market place lending is a rapidly developing and evolving industry including new organizations and technologies, individual borrowers and savers, and institutional investors

Most of the borrowers are seeking such type of lending platform to get instant loans for their requirements. Thus, the demand for crowdlending (business) is high and contributes more to the market revenue. Asia Pacific accounted for the largest market share of over 80% in 2020. In 2020, China was the major country for the market globally. An increase in digitization initiatives among financial institutions and a surge in government initiatives for alternative lending in developing countries, such as India and China are the important factor for large revenue generation. In addition to that, a large number of small and medium enterprises are working in Asia Pacific have given rise to market.

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Oncology Drugs Market Size & Forecast Report, 2028

The global oncology drugs market size is expected to reach USD 436.76 billion by 2028. It is expected to expand at a CAGR of 12.0% from 2021 to 2028. The market is expected to witness growth due to the rising prevalence of cancer, availability of medical resources for detecting and treating cancer patients, increasing pollution levels, and changing lifestyles. Additionally, the rising per capita income and the increasing purchasing power are other significant factors driving the growth of the market.

The prostate segment is expected to register the second-fastest CAGR of 13.5% from 2021 to 2028. Prostate cancer is the second leading cause of cancer-related deaths among men. Obesity and consumption of foods with high calcium levels are some of the major factors leading to prostate cancer. Genetic mutation is also a major factor causing prostate cancer. Growing awareness about the disease is contributing to various treatments and related drugs. Thus, the market is expected to witness increasing revenue from prostate drugs during the forecast period.

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Oncology Drugs Market Report Highlights

• North America held the largest revenue share of more than 40% in 2020. The presence of well-established pharmaceutical vendors is one of the key factors supporting the growth of the regional market

• The prostate segment is expected to register the second-fastest CAGR of 13.5% from 2021 to 2028. Growing awareness about prostate cancer is contributing to various treatments and related drugs

• The breast segment is likely to expand at the highest CAGR of 13.8% from 2021 to 2028, due to the rising prevalence and awareness regarding breast cancer

North America held the largest revenue share of more than 40% in 2020. The U.S. is positively contributing to the growth of the regional market. The presence of well-established pharmaceutical vendors is one of the key factors supporting the growth. North America is one of the promising regions to launch new technology in terms of well healthcare infrastructure and advanced research and development activities that help innovate and produce the most appropriate drugs to cure cancer. Additionally, ease of availability of drugs and reimbursement policies for the patients in the healthcare industry are contributing to revenue generation.

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Finance App Market Trends and Incremental Opportunity Assessment till 2028

The global finance app market size is expected to reach USD 2.01 billion by 2028, registering a CAGR of 11.1% over the forecast period, according to a new report by Million Insights. The market growth is owing to the rising demand for tracking investment apps from consumers in emerging economies, such as China and India. Moreover, the increasing demand for one-stop digital money management app services in Europe is refuelling the market growth.

Rising demand for customized budgeting app across the globe is propelling the market growth. A surge in the adoption of the analytical app for better access to financial graphs is set to boost the growth of the market. Global key player Mint had updated the app service in the financial year 2021-2022 to analyse personal spending. The rising trend to adopt the micro-investing app in the Middle East and Africa is anticipated to boost the market growth.

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Key players are focusing to provide book-keeping management app to scan and upload financial documents. The prime key players are offering debt management BI tools to track financial statements. Multiple companies are providing financial updates for their clients to analyses asset management. A surge in the adoption of 5G connectivity across the globe will contribute to the commercial opportunities for the global key players.

Apple iOS store segment will register the highest growth over the forecast period. This can be credited to the growing demand for iCloud-based cloud storage systems from the consumers of the U.S. and Canada. Fewer security breaches and seamless connectivity are refueling the market growth. Jailbreaking for customization, multi-language, and smooth multitasking feature, and better access for the finical app also reflects the significant market growth over the forecast period.

The Asia Pacific region made the largest contribution in the global finance app of over 45% share in 2020 due to the rising demand for risk management solutions from the consumer the China and India. The rising trend in China to adopt business intelligence solutions to meet the need for financial institutions are propelling the market growth.

Finance App Market Report Highlights
• The Asia Pacific region made the largest contribution to the global market with a revenue share of over 45% in 2020. This can be credited to the rising demand for payments interface apps from the consumers of China and India
• Google play store segment held the highest revenue share of 65% in 2020. This can be credited to the rising demand for the enhanced spotlight search optimization-based app from the consumers of the U.K. and the U.S.
• Apple iOS Store segment is projected to witness a CAGR of 12.5% from 2021 to 2028. This can be attributed to the growing demand for premium trading app services from consumers of developed economies
• The Middle East and Africa region is projected to witness a CAGR of 13.6% from 2021 to 2028. Soaring demand for the peer-to-peer investing apps in Saudi Arabia is estimated to escalate the market growth over the forecast period.

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eBooks Market Leading Players Updates and Industry Analysis Report till 2028

 The global eBooks market size is expected to reach USD 20.93 billion by 2028, according to a new report by Million Insights. The market is expected to register a CAGR of 3.0% from 2021 to 2028 due to the factors, such as localization of content, more interactive & attractive eBooks, availability of high-speed data networks, and increasing adoption of smartphones with advanced functionalities. In addition, the rising per capita income levels and increasing purchasing power are further supporting the market growth.

The professional and educational segment accounted for the largest revenue share of more than 61% in 2020. eBooks, such as business money, arts & photography, engineering & technology, health, fitness, sports, computers, and travel, are included in this category. Professional eBooks are helpful in decision-making, empowering literacy thinking, etc. The education sector has started adopting technology and digital platform. Prices of eBooks are lesser compared to printed books. Thus, students prefer eBooks over printed ones.

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The smartphones device segment is estimated to register the fastest CAGR from 2021 to 2028 on account of the increasing adoption of smartphone devices across various countries. Compared to other devices, smartphones are easy to carry and customer-friendly, thus enabling easy access to eBooks on mobile apps. Mobile apps offer functionalities, such as font size adjustments, easy distribution & purchase, and backup & storage. Thus, the smartphone devices segment is expected to contribute to the growth of the market.

North America held the largest revenue share in 2020 and will retain the position throughout the forecast period. The U.S. is positively contributing to the growth of the regional market. In North America, eBooks are the convenient choice compared to printed books due to the benefits, such as portability and quick access. North America is one of the promising regions due to the launch of new technologies, in terms of infrastructure and advanced network technology, and quick adoption of the same, which allow product distribution in the fastest way. In addition, supportive digital policies by the local governments are positively contributing to the market growth.

eBooks Market Report Highlights

• Asia Pacific was the dominant regional market in 2020 and is estimated to expand further at the fastest CAGR from 2021 to 2028

• North America is projected to witness a significant growth rate from 2021 to 2028 due to the presence of well-established brands and manufacturers in the region

• The professional & educational product segment accounted for the maximum revenue share in 2020

• Professional eBooks are helpful in decision-making, empowering literacy thinking, etc., which drives the segment growth

• The smartphones device segment is estimated to register the fastest CAGR from 2021 to 2028 as these devices made reading more convenient, which supports their demand

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Fishing Waders Market Growth Impact and Demand by Regions till 2028

The global fishing wader market size is expected to reach USD 4.51 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 6.0% from 2021 to 2028. The rising demand for fishing waders from the sporting hobbyists and the growth of the aquaculture sector are expected to boost the market growth. An increase in disposable income and a rise in purchasing power are other factors boosting the market growth. Presently, the aquaculture industry is growing in countries, such as China, Peru, Chile, Japan, and India, owing to government initiatives and various other social programs that support the development of these industries. As the fishing industry is expected to witness steady growth during the forecast period, the demand for these products is also estimated to witness a stable rise.

Fishing wader is considered to be an important accessory globally, thereby fueling the market growth over the forecast period. The major factors responsible for industry growth are increased disposable income in the developing economies and augmented use of fishing waders. Additionally, brand recognition and power are driving the industry. Hence, due to these reasons, the market is anticipated to witness lucrative growth over the forecast period.

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The chest product segment captured the largest share of 38.1% in 2020. The presence of leading manufacturing players that provide chest waders to customers is also projected to influence the segment growth in the coming years. Chest wader provides 100% waterproof protection. Chest product forms are also used for various activities, including, camping, riding ATVs, and even playing outside.

North America held the largest share of over 36.0% in 2020 due to the high product demand in the U.S. and Canada. Moreover, the increasing purchasing power of the consumers in this region is driving the market. As North America presents attractive opportunities for the consumer goods sector, the market is projected to witness significant growth over the forecast period.

Fishing Waders Market Report Highlights

• Asia Pacific is expected to register the fastest CAGR of 7.3% from 2021 to 2028 owing to increasing product demand among hobbyists in China and India

• By product, the chest segment held the largest share of 38.1% in 2020 due to its increasing demand

• North America dominated the market by accounting for over 36.0% in 2020 due to the high demand for fishing wader in key countries, like the U.S. and Canada

• The online distribution channel held the largest share of more than 69.0% in 2020 due to the easy availability of products and ease of comparing features

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Earthenware Market Emerging Trends, Analysis and Forecasts 2028

The global earthenware market size is expected to reach USD 2.36 billion by 2028. It is expected to expand at a CAGR of 3.9% from 2021 to 2028. The rising spending on earthenware products is contributing to the market growth. The development of attractive earthenware products by the manufacturers is further driving the industry demand. Moreover, increasing disposable income of the people, growing home decoration, and changing lifestyles are driving the demand for the product over the last few years.

Earthenware consists of different varieties of pottery articles. These are made from different types of clay. Earthenware has been used for many years for various purposes such as flower pots, tableware, and decorative pieces. The common materials used for the formulation of earthenware are quartz, various types of clays, such as pink clay, china clay, and kaolin clay, and feldspar. It is also considered low-fired pottery. Earthenware articles are opaque and not transparent.

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The lockdown announced during the COVID-19 pandemic had disturbed transportation and suspended the supply of raw materials for a short duration, thus promoting the use of earthenware post-COVID pandemic. Thus, the market is expected to witness healthy growth in the upcoming years.

The black pottery segment held the largest share of over 70.0% in 2020. The increasing popularity of black pottery due to the growing trend of home decoration across the globe is the major driving force of this segment.

Asia Pacific dominated the market with a revenue share of more than 40.0% in 2020. Countries like China, India, Malaysia, and the Philippines are the major manufacturers as well as major consumers of earthenware products due to the rapidly growing population, increasing disposable income of the people, and continuously changing lifestyles. These factors are contributing to the growth of the market in this region. North America is expected to register the fastest CAGR of 4.7% from 2021 to 2028 owing to the growing trend of earthenware in this region

Earthenware Market Report Highlights
• North America is expected to register the fastest CAGR of 4.7% from 2021 to 2028 owing to the rising demand in countries, like the U.S. and Mexico
• Based on application, the flower pot segment held the largest share of over 51.0% in 2020 due to its increasing demand in various countries
• Asia Pacific dominated by accounting for over 40.0% share in 2020 due to the rapidly growing population and disposable income of the people
• By product type, black pottery held the largest share of more than 70.0% in 2020 due to the increasing popularity of black pottery

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