Latest Market Study Reports

Tuesday, March 2, 2021

All-terrain Vehicle Market Share, Analysis, And Regional Outlook By 2025

The global all-terrain vehicle market size is projected to touch USD 4.8 billion by the end of the forecast year 2025. It is estimated that the market would exhibit a CAGR of 3.1% from 2019 to 2025. The increasing number of off-road terrain, trails and development of parks for recreational purpose are attributing to the growth of the market. Further, government initiatives aimed at enhancing tourism by developing various adventurous terrains is predicted to bode well for the growth of the market. For example, the Forest Service in the U.S introduced Travel Management & Off-Highway Vehicle (OHV) Program in order to increase the awareness and popularity of trails. Additionally, the government of Canada invested around USD 1.7 million to develop the motorized trail. Such initiatives by federal governments are anticipated to augment market growth.

Increasing attraction towards off-road racing and advertisements are positively affecting the market growth. For example, in January 2019, the Desert Series Pro ATV organized a championship and it attracted ATV enthusiasts and off-road vehicles. Additionally, increasing financial support for such events is spurring their growth.

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Increasing purchasing power in emerging countries such as India and China has resulted in a rise in the use of ATVs for various applications including recreational and agriculture. For example, per capita income in India was upped by 8% in 2017 as compared to last year while China witnessed a growth of 9% in per capita income in the same year. Increasing purchasing power has also resulted in a rise in tourism sectors. The global World Travel and Tourism Council (WTTC) reported that the growth of the travel & tourism industry was 3.9% in 2018. Increasing tourism industry is also driving the growth of recreational activities, thereby proliferating the all-terrain vehicle(ATV) market growth.

Further key findings from the report suggest:

• The market was worth USD 3.9 billion in 2018. The market demand is attributed to the increasing popularity of off-road sports events and rise in the number of adventure parks.

• In 2018, the 400-800cc category accounted for more than 48% of the market share owing to increasing demand for this segment in utility purpose.

• Europe is estimated to register the highest growth in global market owing to the increasing use of such vehicles for defense purpose.

Impact of COVID-19

The market has been adversely affected owing to the outbreak of COVID-19. The pandemic led to the imposition of lockdown in several parts of the world, thereby, disrupting the supply chain. Additionally, closure of adventure parks, military exercise and various other activities has resulted in a lack of demand for ATVs, thereby, negatively affecting the market growth. Further, considering the low demand, major players have put a halt on their investment in research and development. However, with relaxing lockdown norms, various manufacturing operations are opening up their operations, which, in turn, offer an opportunity for the industry players. Additionally, despite the pandemic, ATVs demands for agricultural activities are gaining traction.

Global All-terrain Vehicle Market: Key Players

American Honda Motor Co., Inc., Yamaha Motor Corporation, Arctic Cat Inc. (acquired by Textron Inc.) and Polaris Inc.

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Air Sports Equipment Market Analysis, Growth Opportunities And Forecasts Report by 2025

The global air sports equipment market size is expected to reach USD 23.4 billion by 2025, according to Million Insights, registering a 6.7% CAGR over the forecasted period, from 2019 to 2025. Rising number of air sports participants including college grads, working professionals and old age group to experience thrill and joy is expected to drive the growth of this market. In addition, government supportive policies in developed countries such as U.K. and U.S. for promoting outdoor recreational activities is expected to spur the demand for air sports equipment.

In recent years, cinemas, movie and social media play an important role to promote air sports among different age groups which is expected to fuel the demand for air sports equipment. Additionally, the participation of these age groups is increased in recreational activities, in recent years. United States Parachute Association (USPA) reported that 11.2% of jumpers are retired from their profession. This indicates older age groups is increasingly participating in such sports. Hence, rising participation of old aged people is projected to boost the demand for this equipment over the forecast period.

In 2018, Europe held the largest market share of over 35.0% due to existence of favorable geographical environment like hill and mountains. The market is expected to have significant growth owing to the increasing popularity of tourism in adventurous sports. Countries such as Spain, Hungary, Switzerland, and France are some of the prominent countries to contribute major share in the regional market growth.

Major companies operating in air sports equipment market are Sunrise Manufacturing International Inc.; OZONE POWER LTD; Mirage Systems, Inc.; Flyneo.com; Firebird USA LLC; Aerodyne Research, LLC; Velocity Sports Equipment; Sun Path Products, Inc. and SUP’AIR. Technological advancement in air sport equipment, and product development are key strategies implemented by manufactures to cater to customers demand.

Further key findings from the report suggest:

• In 2018, parachuting application accounted for the largest market share of over 40.0% owing to increasing popularity of air sports among working professionals, college grads, coupled with availability of advanced equipment and easy access of sports.

• Container/Harness held the largest market share of 60.0%, in 2018, as it plays an important role in several activities such as canopy piloting, wingsuit flying, and ziplining.

• In 2018, Europe accounted for the largest market share of more than 35.0% in terms of revenue.

• Asia Pacific is projected to grow with the fastest CAGR of 7.5% over the forecast period.

COVID-19 Impact Analysis

The outbreak of the COVID-19 virus has negatively impacted the air sports equipment market. Government across the globe has restricted outdoor recreational activities in order to prevent Coronavirus infection. Therefore, demand for air sports equipment has declined during the pandemic.

However, Worlds Air Sports Federation has imposed technical and practical guidelines to return normal operations in air sports during the COVID-19 outbreak. This initiative is expected to drive the demand for air sports equipment among youngsters, especially in North America and Europe.

Global Air Sports Equipment Market: Key Players

OZONE POWER LTD, Firebird USA LLC, Flyneo.com. Aerodyne Research, LLC, SUP’AIR, Velocity Sports Equipment and Peregrine Manufacturing, Inc.

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Monday, March 1, 2021

Organic Bedding Market Demand and Revenue Analysis Report 2025

The global organic bedding market size is projected to touch USD 1.1 billion by 2025. It is anticipated to grow at a CAGR of 5.1% through the forecast period of 2019 to 2025. The market is witnessing considerable growth due to the rising demand for premium bedding products impacted by the trend of luxurious lifestyle and rising living standards of consumers. Further, rising awareness regarding importance of sleep and its effect on one’s health is encouraging consumers to invest on premium quality products especially bed linens and mattress, thereby, driving the market growth.

Organic cotton bedding has been gaining traction in the market due to multiple factors like natural product and durability as they are bio degradable. Additionally, such bedding are manufactured through tenable methods to attain superior quality and hypoallergenic state owing to lack of chemical additives. Rising influx of new entrants in this segment is expected to lead to greater credibility and visibility of these products, thereby, driving the market growth in the forecast period. For example, one of the new players named King Koil has introduced the Natural Response EcoHybrid collection of mattresses made from natural and environment friendly materials with an aim to promote a healthy lifestyle. The top line of these mattresses is made up of certified organic component.

Amongst various categories of bedding products, bed linen dominated the market in 2018 with above 33.7% of share in the total revenue. Rising preference of consumers towards sustainable and environment friendly products to enhance their sleeping experience is propelling the demand for bed linen products like sheets, bed covers, duvet covers and pillow. Bed linen products are mostly associated with healthy sleep that in turn improvises the brain health, learning and counterbalancing mental health symptoms. Therefore, the market is expected to witness the dominance of this segment over the forecast period. Further, organic sheets with cooling properties have popularized the use of these products. These sheets are produced with low thread count such that the fabric is of very fine quality and more breathable owing to addition of natural fibers like bamboo. Thus, developments of new products are anticipated to propel the demand over the forecast period.

The major players are adopting innovative product development strategies to expand their product lines. Further, companies are concentrating on expanding their production capacity and are adapting new technologies to meet the customer demand.

Further key findings from the report suggest:

• The market is anticipated to grow at a CAGR of 5.1% over the forecast period and is expected to be worth of USD 1.1 billion by 2025

• Asia Pacific is expected to be the fastest developing market with above 35% of share by 2025 owing to high product demand and new product launches in countries like China and India. Asia Pacific market is anticipated to grow at the CAGR of 5.5% over the forecast period.

• The bed linens segment is anticipated to grow at the fastest CAGR of 5.5% in the forecast period, hence accounting for about 35% of share by 2025.

Global Organic Bedding Market: Key Players

Good Night Naturals, The Natural Sleep Store, L.L.Bean, The Company Store, WJ Southard, The Organic Mattress, Magnolia Organics, Parachute Home, COYUCHI, and Boll and Branch.

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Kids Travel Bags Market Insights, Trends, Outlooks, and Opportunity 2025

The global kids travel bags market size is projected to reach USD 509.2 million by 2025, with a CAGR of 15.5% over the forecast duration. The rising trend of educational tours for kids, outbound travel, and family trips are some of the key factors driving the market. Moreover, inclination towards leisure family trips has led to an increase in demand for kids travel bags with the aim of creating a sense of responsibility coupled with the fun of carrying your personal luggage.

The increasing awareness of kids’ luggage like backpacks, duffle bags, and trolley bags has led to the importance of carrying children’s bags. Product growth is attributed to the increasing indulgence of children in handling their personal luggage which eases the burden on parents. Furthermore, the launch of ride-on-suitcase for children by numerous companies like SkootCases and Trunki which can be used as a trolley suitcase and be dragged by children simultaneously has boosted the demand for these products.

The backpack is predicted to grow at a CAGR of 15.9% over the forecast period. The launch of rolling backpacks which can be rolled and carried on the shoulders by children is expected to further drive the kids travel bag market. For example, Kreative Kids, Inc., in 2018, launched Push Rollers for children available in various animal characters.

Manufacturers are focusing on producing creative products to grab children’s’ attention. Wide collection of travel bags with different characters like Disney Princess, Marvel, Car Racing, Pokémon, and more are available in the form of backpacks and trolley suitcase.

Europe held a 33.3% share in the global revenue. Research shows that in 2017, 26% of the European population will engage in outbound tourism each year. This trend of hospitality and tourism is predicted to increase the demand for travel accessories including kids travel bags.

Further key findings from the report suggest:

• Europe held the dominant position in the global kids travel bags market due to the rising inclination towards tourism along with the concentration of market players.

• By type, trolley accounted for a 74.5% revenue share in 2018. The backpack is predicted to grow at a CAGR of 15.9% owing to the rising demand for slimmer bags.

Global Kids Travel Bags Market: Key Players

Trunki; Samsonite; Smiggle; Carter’s Inc.; Elodie Details AB; SANRIO CO.; LTD.; Babymel; IQ Toy; Mattel, Inc.; and TOMY.

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Golf Trolley Market Share, Revenue Forecast by Regions 2025

The global golf trolley market size is projected to reach USD 195.4 million by 2025, growing with a CAGR of 3.7% from 2019 to 2025. The rising popularity of golf among the youth population is surging the demand for this product across the world. Moreover, the constant innovation by the producers like RolleyGolf Experience and Motocaddy is predicted to drive the growth of the market in the upcoming years.

The electric product is expected to grow at the fastest rate over the forecast period. The products are best suited for players suffering from health problems owing to their lightweight and minimal physical efforts required.

Companies have been emphasizing on introducing advanced features to the electronic products to acquire a larger customer base. For example, Motocaddy, in March 2019, launched its newest S1 model powered golf trolley which can be remote-controlled. Additional features incorporated in the model include battery meter, compact-folding, speed indicator, and LCD screen.

The non-commercial segment held a market share of over 60% in 2018. The growth is attributed to the increasing number of public clubs that are less expensive as compared to private clubs.

North America held the dominant position with a revenue share of 50% in 2018. The region consists of the highest number of courses that are above 15,000 in numbers. Moreover, the inclination of the Americans for investing in recreational activities coupled with a higher purchasing power has led to the growth of the golf trolleys market in this region.

Further key findings from the report suggest:

• Based on product, the electric segment accounted for the largest share of more than 65.0% in 2018.

• The online channel is anticipated to grow at a CAGR of 4.2% from 2019 to 2025.

• By application, the non-commercial segment accounted for a share of over 60.0% in 2018.

• Asia Pacific is predicted to register a CAGR of 4.9% over the forecast period.

• North America acquired the largest share above 50% in 2018.

Global Golf Trolley Market: Key Players

Motocaddy; Cart Tek Golf Carts; Bat-Caddy; SUN MOUNTAIN SPORTS; Golf Tech Golfartikelvertriebs GmbH; THE PROACTIVE SPORTS GROUP; Adept Golf; SPITZER Products Corp.; Bag Boy Company; and Axglo International Inc.

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Coated Glass Market Share by Manufacturers 2027

The global coated glass market size is anticipated to reach USD 57.3 Billion until 2027. It is anticipated to register growth with 8.8% CAGR during the forecasted period, 2020 to 2027. This growth can be associated with increasing awareness regarding the construction of green buildings for proper air and light ventilation.

The soft segment of coating registered fastest CAGR of 9.3% from 2020 to 2027 on account of its feature reducing the transmission of U.V. radiation by 70%. The hard type coating segment gains an advantage over soft coating due to less cost of production.

The application segment of architecture dominated the global market with a share of 92.5% due to rising awareness about global warming, energy efficiency, and increasing green building construction. On the other hand, the automotive application segment held second-largest share owing to several initiatives being undertaken by governing bodies for the usage of such glasses in automobile manufacturing.

Asia Pacific is expected to witness highest CAGR of 7.0% from 2020 to 2027 owing to several features like rapid economic growth, increasing disposable income and development across the construction industry. North America also contributed to a significant share in the global market in 2019 on account of surging number of commercial buildings and complexes which are installing coated glass across facades and windows.

The coated glass market includes key players such as AGC Inc.; Vitro; CEVITAL GROUP; Nippon Sheet Glass Co., Ltd; and Saint-Gobain S.A. These players are engaged in product development and innovation to gain a competitive advantage over other players. Also, several marketing strategies like capacity expansion, mergers, and acquisitions are being carried out by these manufacturers to widen their product reach and product portfolio.

Further key findings from the report suggest:

• Segment of soft coating registered highest CAGR of 9.3% during the forecasted period.

• Architectural application segment dominated the global market with share of 92.5% in 2019.

• The Asia Pacific is expected to witness highest CAGR of 7.0% from 2020 to 2027 across the global market.

Global Coated Glass Market: Key Players

Vitro; CEVITAL GROUP; Nippon Sheet Glass Co., Ltd; AGC Inc.; Saint-Gobain S.A.

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Barley Flakes Market Analysis by Application 2025

The global barley flakes market is estimated to reach USD 8.5 billion, by 2025, and is projected to grow at a CAGR of 4.7% from 2019 to 2025. The increasing demand for the nutritional cereals in the meals & breakfast is projected to be a key factor propelling the market growth. Moreover, the growing awareness regarding the benefits of consuming product is projected to boost the product demand.

The organic type flakes are projected to grow at the highest CAGR of around 4.6% over the forecasted period. Moreover, the government authorities across the globe are also supporting the organic crop production and promoting the product by creating awareness about it. According to the European Commission (EC), in 2017, around 7% of the total agricultural land in Europe has constituted to organic farming.

Moreover, the manufacturers focus on new product launches in organic grains owing to high demand for organic food from consumers. For example, in 2018, Rude Health launched organic cereal-based snacks, it provides the breakfast under a brand called Naked Barley Porridge. All these key factors are anticipated to encourage consumers to look after the organic and nutritional products.

Asia Pacific region is expected to grow at the significant rate of CAGR over the forecasted period, between 2019 and 2025. The increasing demand for nutritional products along with growing interest among health-conscious individuals is expected to foster the market growth. For instance, in 2018, the Gaia health brand of Cosmic nutracos solutions has introduced oat multigrain products with a mix of wheat and flakes. The product is helpful in overweight management.

Further key findings from the report suggest:

• Depending on product, the organic forms are projected to grow at the highest CAGR of around 4.6% over the forecasted period.

• Asia Pacific region is anticipated to grow at a CAGR of 5.2% during the forecasted period.

• In 2018, the total demand from Europe accounted for 2.6 million tons.

• Key players in barley flakes market focus on strategic activities such as new product launch, and acquisitions to gain competitive edge in the market.

Impact of COVID-19

COVID-19 outbreak is projected to significantly impacted the barley products market in 2020. The price and demand for food grain such as barley flakes is changing owing to rising coronavirus concerns. Although, there has been no change in supply chain, but lockdown situation is adversely impacting on trade activities.

For instance, China have recently imposed tariffs of around 80.5% on the barley imports coming from Australia. In Addition, Transportation restriction, trade barriers for food grains is expected to disrupt the supply chain of agribusiness. For example, Ukraine, and Russia have made protective measures by setting up separate export quota of wheat.

Global Barley Flakes Market: Key Players

King Arthur Flour Company, Inc.; Quaker Oats Company; Honeyville, Inc.; Nestlé; Shiloh Farms and Kellogg.

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