Squash Rackets Market Analysis, And Regional Outlook By 2025

The global squash rackets market size is projected to attain USD 237.2 million by the end of 2025. It is estimated to grow at a CAGR of 3.6% over the forecast period, 2019-2025.Rising number of world championships and tournaments hosted by various associations such as World Squash Federation is the major factor propelling the growth of the market. In addition, rising product demand owing to increasing popularity of squash sports among large consumer group is anticipated to further fuel the market growth.

By raw material, carbon fiber squash rackets held the largest market share in 2018 owing to its features such as high strength, lightweight, and durability. Moreover, these rackets offer a perfect blend of swing, balance and weight. Moreover, increasing launches of new and improved products by leading market players to attract large group of consumers is projected to impact positively on the growth of carbon fiber segment. By region, North America held the largest market share of over 30% across the global squash rackets market owing to large number of squash world championships and tournaments are hosted in this region.

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The brick and mortar segment of distribution channels accounted for the largest market share in 2018 owing to presence of large number of multi-brand and exclusive brand outlets. On the other hand, the online channel segment is projected to attain the fastest growth at a CAGR of 4.1% over the forecast period owing to increasing influence of smartphones and e-commerce portals.

Key players in the market are focusing on launching new and improved products to gain a competitive advantage over other competitors as well as to expand their product portfolio.

Further key findings from the report suggest

• In 2018, North America held the largest market share across the global squash rackets market and is projected to attain a steady growth rate from 2019 to 2025.

• Europe is projected to attain the fastest CAGR of 4.0% over the forecast period due to rising demand for squash rackets in the region

• The segment of carbon fiber squash rackets held the largest market share in 2018 and is anticipated to attain the fastest growth over the forecast period.

• The brick and mortar segment of distribution channels accounted for the largest market share in 2018 owing to presence of large number of multi-brand and exclusive brand outlets.

Global Squash Rackets Market: Key Players

Dunlop Sport, Head N.V., Tecnifibre, Babolat, Wilson Sporting Goods, ONE SPORTS s.r.l., Ektelon LLC., Amer Sports, Harrow Sports, and Prince Global Sports.

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Smart Ceiling Fans Market Share, Strategies and Forecasts, Analysis and Overview By 2025

The global smart ceiling fans market size is anticipated to generate revenue of USD 993.6 million by the end of 2025. It is projected to grow with a CAGR of 5.2% from 2019 to 2025. This growth can be attributed to rising influence of technology-driven appliances among the millennial population.

Salient features like automatic speed and temperature control is anticipated to drive growth of the market in the upcoming years. Moreover, these fans can be operated using mobile apps like Alexa or Google Assistant thereby driving the market demand in the upcoming years. Thus, manufacturers have also started launching smart ceiling fans with LED lights and improved design to cater to the rising consumer demand across the globe.

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The residential segment of application held the highest share of around 80% of the global smart ceiling fan market in 2018 owing to rising adoption of smart electric appliances at homes coupled with its adaptability of adjusting room temperature according to the surrounding climate. The commercial application segment is anticipated to register a CAGR of 5.5% across the global market owing to rising number of offices, malls, and manufacturing facilities in the developed and developing regions.

Asia Pacific held the highest share of around 60% across the global market in 2018 due to the rising population across countries like China and India. In addition, rising disposable income across this region coupled with the hot and humid climate prevailing near the coastal areas is expected to drive the market growth during the forecasted years, 2019 to 2025. Moreover, product launches being carried out by prominent manufacturers like Havells and Orient Electric is projected to fuel the market demand in the near future.

Key players in this market have started to invest in R&Ds for product innovation and development. Moreover, emerging trend for usage of bladeless electric fans is expected to drive the growth of the market in the upcoming years. For instance, Exhale Europe in 2017 launched a bladeless fan that could distribute the air evenly across the entire room.

Further key findings from the report suggest:

• The commercial application segment is projected to attain the fastest growth at a CAGR of 5.5% over the forecast period.

• In 2018, the residential segment of application accounted for the market share of over 80%.

• The smart ceiling fans market in Asia pacific dominated the global market with a revenue share of over 60% in 2018.

• The segment of online distribution channels is projected to grow at a CAGR of more than 6% over the forecast period.

Global Smart Ceiling Fans Market: Key Players

Orient Electric; Hunter Fan Company; Ottomate International, LG Electronics, and Havells India Ltd.

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Household Humidifier Market Trends and Future Prospects Details for Business Development 2025

The global household humidifier market size is projected to reach USD 3.80 billion by 2025. The market is estimated to grow at a CAGR of 4.6% from 2019 to 2025. Increasing health problems associated with dry air is promoting the use of these products. Further, the growing use of these products in household plants has increased their demand among plant owners.

By products, the whole-house segment is anticipated to grow at a CAGR of more than 5% over the forecast duration. Owing to the lesser requirement of electricity, these products are comparatively easy to maintain. Additionally, their connectivity with HVAC enables them to maintain the humidity level of the entire house, thus, augmenting their demand.

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Among distribution channels, the offline segment dominated the sales with over 80% of the market share in 2018. Offline channels offer installation and after-sales support, thus, expected to remain a major source of sales. On the other hand, online channels are likely to be the fastest-growing over the forecast period. Benefits such as cash on delivery, coupon system and cashback offers are driving the sales through these channels. Emerging countries are anticipated to witness the rapid rise in the online segment on account of increasing smartphone penetration in India and China.

North America was the market leader with over 40% of the share in 2018. Growing awareness among consumers regarding ill-effects of dry air in countries such as Canada and the U.S is driving the demand. On the other hand, European countries, on account of cold weather pattern, are predicted to witness significant demand over the forecast period, 2019 to 2025.

Further key findings from the report suggest:

• Among different products, ultrasonic segment is anticipated to ascend at a CAGR of 5.1% over the forecast period.

• Offline segment accounted for more than 80% of the market share in 2018.

• Portable product segment was the largest shareholder and generated USD 2.5 billion of revenue in 2018.

• Asia Pacific is anticipated to grow at a CAGR of 6.3% over the forecast period.

COVID-19 Impact Insights

There has been a sharp dip in the demand for household humidifiers owing to the COVID-19 outbreak. The pandemic has forced humidifiers industries to close their operations, leading to low production. In addition, consumers spending on home electronic items has decreased significantly as the pandemic has reduced the purchasing power. However, the COVID-19 impact will be for short-term only as the market has started to recover following the resumption of various economic activities. Manufacturers should focus on introducing low-cost humidifiers and strengthening their online sales to garner larger consumer base and reduce the impact of the pandemic on their sales.

Global Household Humidifier Market: Key Players

Aprilaire, Boneco AG, Essick Air Products, Inc., Honeywell International Inc., Guardian Technologies, Stadler Form Aktiengesellschaft and Dyson Ltd.

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Electric Hair Clipper & Trimmer Market Size, Growth, Trends and Forecast to 2025

The global electric hair clipper & trimmer market size is projected to value USD 6.3 billion by the year 2025, with a CAGR of 2.5% from 2019 to 2025. The introduction of new products with advanced designs is the driving factor for the market of electric hair clipper & trimmer. For example, Xiaomi MI, in June 2019, introduced a beard trimmer in the Indian market. The main features of the product include cordless/corded usage, waterproof, travel lock, stainless body, and better battery life.

The ongoing fashion for the beard is predicted to surge the demand for electric clippers in the near future. The trend for keeping a beard is growing among men as it gives them an appealing look. The volume of sales of razors has observed a significant decline since people generally prefer using an electric trimmer or have a full beard look. Additionally, the awareness of sustainable products has led to reduced sales of disposable razors. For example, as per the U.S. Environmental Protection Agency, around 2 billion disposable blades and razors were produced in America wherein, only 160 million consumers used these razors. These factors are anticipated to result in higher usage of electric hair clipper by 2025.

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Cordless products accounted for the largest share in 2018. The electric clippers are easy to carry, battery-operated, and accessible. Cordless clipper is highly suitable for people who prefer carrying their styling products while traveling. For example, Wahl, in March 2016, launched a beard only trimmer to keep up with the trend. The product consists of a superior lithium-ion battery.

The online channel is expected to register the fastest CAGR of 4.1% over the forecast period. The growing penetration of e-commerce retailers across different cities along with benefits like same-day delivery is predicted to surge the demand for these products via online channels. For example, Amazon Retail India, till 2019, had its reach over 100 cities and aims to grow in 60 tier-III and tier-II cities by 2020. The offline distribution channel accounted for the largest share of 87.3% in 2018. The presence of several retailers will lead to product visibility and therefore, estimated to have a favorable impact on growth for electric hair clipper & trimmer market.

Asia Pacific held the largest market in 2018. The rising trend of beard among men coupled with increased product visibility is the key factor anticipated to drive the demand for the trimmer in the near future. Middle East & Africa is expected to grow at a CAGR of 3.7% over the forecast period. Rising expenditure on male grooming products is the key factor to accelerate the demand for electric trimmer in this region.

Further key findings from the report suggest:

• Asia Pacific accounted for the largest share of 51.3% in 2018 owing to the increased expenditure on male grooming and the availability of technologically advanced products.

• Cordless products are expected to account for the fastest growth over the forecast period due to the launch of products with better ergonomics and battery life.

• Offline channel valued at USD 4.6 billion in 2018 while the online distribution channel is predicted to expand at the highest CAGR of 4.1% from 2019 to 2025 owing to the presence of online retailers like Walmart and Amazon across different cities.

Global Electric Hair Clipper & Trimmer Market: Key Players

Wahl; Koninklijke Philips N.V.; Procter & Gamble; Spectrum Brands, Inc.; Panasonic Corporation; VEGA; Conair Corporation; Havells India Ltd; and Sunbeam Products, Inc.

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Arbitrary Waveform Generator Market Analysis and Demand by Regions till 2025

The global arbitrary waveform generator market estimated to touch USD 557.8 million, by the end of 2025, and is projected to grow at a CAGR of 9.0% over the forecast period. Increasing applications of waveform generators across electronics, education, and healthcare sectors is projected to boost the market growth. In addition, growing R&D investment along with the rising need for sophisticated advanced equipment is driving the market growth.

Furthermore, the growing demand for DDS integrated generators is gaining traction in the market. Moreover, the consumers prefer DDS generators due to various benefits such as cost-effectiveness, and enhanced performance which are important in computing applications. Healthcare & aerospace companies are spending on developing advanced equipment. It requires sophisticated measurement and testing procedures.

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AWG equipment is widely used across military, manufacturing, and telecommunications industries. Several enterprises are adopting AWGs over other generators as they provide improved performance. Thus, the decision-makers in the firms are focusing on optimizing their throughput of equipment.

Increasing trend of technologies such as WiMAX, and EDGE is projected to positively impact on the growth of AWGs. Waveform generators provide benefits like flexibility, high speed, and performance. Cost-effectiveness and compact size are some of the key factors of arbitrary waveform generator which are gaining traction among consumers. Various manufacturers like Tektronix, Inc., and Key sight Technologies engage in developing AWG solutions that offer high-precision measurement capabilities.

Further key findings from the report suggest:

• Wireless communication technology companies use AWG for frequency stability, optimum accuracy.

• Various technologies like electronic warfare, radar are used in aerospace industry that needs testing for high scalability, and accuracy.

• Shifting of manufacturing companies to developing countries like India, and China is expected to drive Asia Pacific market.

• Key companies in the industry focus on debugging and testing of communication system.

Impact of COVID-19

The outbreak of COVID-19 has negatively impacted the global arbitrary waveform generator market. COVID-19 pandemic has significantly impacted the consumer electronics industry. The demand for arbitrary waveform generators has declined owing to supply chain disruption. The production, and manufacturing activities had been shut down in the early quarter of 2020. However, the companies are opening their manufacturing facilities with limited workforce under government regulations.

The market is expected to grow at rapid pace over the forecast period. Several players are focusing on providing its solution through innovative programs. For instance, Keysight Technologies have introduced Innovative Anywhere program that emphasizes on optimizing productivity and minimize disruptions.

Global Arbitrary Waveform Generator Market: Key Players

B&K Precision Corporation, Fluke Corporation, DynamicSignals LLC, Keysight Technologies, Tektronix Inc., National Instruments.

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Spray Drying Equipment Market Outlook and Forecast Report By 2025

The global spray drying equipment market size is projected to attain USD 7.19 billion by the end of 2025 and is anticipated to grow at the CAGR of 6.8% from 2019 to 2025. Spray drying converts slurry, solid feed and liquid into dried powder. This method is highly preferred in the pharmaceuticals and food industry owing to its temperature-sensitive application. In addition, the growing need for prolonged shelf-life of pharmaceutical and food products is expected to create huge opportunities for market growth. The rising demand for producing antibiotics and milk powder is anticipated to proliferate the demand for spray drying products in the coming few years.

Growing awareness pertaining to health is raising the demand for nutritional foods such as egg protein, mass gainer and whey protein. These foods consumption helps to prevent diabetes, blood pressure and obesity problems. These factors are expected to positively impact on the growth of these equipment in the next few years. Rising demand for polymer and resins is expected to increase the need for drying Emulsion and Suspension polyvinyl chloride (E-PVC, S-PVC) and other chemicals. Moreover, these dryers are widely used in the industrial sector which is projected to surge the growth of the market.

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In addition, increasing demand for application-specific equipment is encouraging manufacturers to develop innovative products. For example, closed-cycle dryers are invented owing to the increased risk of hazardous gas emission and fire explosion. Similarly, three-stage dryers are designed to produce powder in large or bulk quantities. Although, high maintenance and installation cost and its inability to process fruit pulp and starch may restrain the growth of the market.

Further key findings from the report suggest:

• Three-stage dryers are projected to have significant growth in the forecasted period, owing to its bulk production capacity and greater thermal efficiency.

• In 2018, North America contributed to market share of over 30.0% in the overall market, due to increasing demand for infant products and powdered milk in the region.

• In Asia Pacific, food processing industry is rising, owing to shift in consumer preference for food which in turn is projected to propel the demand for the product from 2019 to 2025.

• Based on the application, chemical segment is projected register the fastest CAGR over the forecasted period. This growth is supported growing production of resin and polymer compounds.

Global Spray Drying Equipment Market: Key Players

Larsson Starch Technology AB, GEA Group AG, SPX FLOW, Inc., Hemraj Enterprises, Dedert Corporation, Yamato Scientific America, Inc., BÜCHI Labortechnik AG and Swenson Technology, Inc.

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Sports Luggage Market Comparison by end-user To 2025

 The global sports luggage market is anticipated to reach USD 2.47 billion by the end 2025. The market is anticipated to grow at a CAGR of 3.5% during the forecast period, 2019 to 2025. This growth is attributed to increasing participation and interest in various sporting activities coupled with rising consciousness for obesity in children. In addition, rising popularity of sports tourism and considering sports as prominent career option are some of the factors expected to proliferate the growth of the market over the forecast period. However, availability of counterfeit products at affordable prices is expected to restrain the market growth.

According to Aspen Institute, in U.S., the percentage of overweight men and women are 35% and 39.5% respectively. Moreover, rising obesity among children aged between 5 to 17 years is anticipated to boost the participation of children in different sporting activities. In addition, Sports and Fitness Association (SFIA) reported that majority of the children are involved in various physical activities. This is expected to significantly impact market growth over the forecast period.

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Leading companies in this industry are focusing on sponsorships, collaborations, and celebrity endorsements to create consumer awareness and brand promotion. For example, Under Armour collaborated with famous wrestler Dwayne Johnson to position their brand in the minds of their customers and influence large consumer base.

Ball Sports segment accounted for the largest revenue share owing to increasing participation of children and youngsters in ball sports such as volleyball, basketball, and football. Asia Pacific was the largest market for sports luggage and is anticipated to maintain its dominant position over the forecast period owing to rising disposable income levels of consumers and increasing expenditure on various sporting activities.

The segment of golf luggage is projected to grow at the fastest CAGR over the forecast period. For instance, participation of baby boomers in golf increased from 3.6 million to 4.2 million within a year, according to the National Golf Foundation

Further key findings from the report suggest:

• The segment of ball sports is anticipated to register the fastest CAGR of more than 4.0% from 2019 to 2025 as a result of rising participation in various ball sports such as volleyball, football, and basketball.

• The segment of online distribution channel is projected to grow at a CAGR of 4.6% from 2019 to 2025

• Asia Pacific held the largest market share in 2018 due to increase in buying power of consumers in the region

Global Sports Luggage Market: Key Players

Amer Sports; Adidas AG; PUMA SE; Nike, Inc.; Under Armour, Inc.; Yonex Co., Ltd; VF Corporation; Callaway Golf Company; Bridgestone Corporation; and Acushnet Holdings Corp.

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