Shavers Market: Shipment Volume to Reach 7.90 billion Units by 2024

With only a few companies, such as Panasonic, Philips, and P&G, having a stronghold on the entire market, the global market for shavers demonstrates a consolidated competitive landscape, finds a research report by Transparency Market Research (TMR). These companies are likely to aggressively focus on innovation and product development to remain in competition over the next few years.

According to the research report, the global shavers market offered an opportunity worth US$46.38 bn in 2015. Estimated to rise at a CAGR 4.80% during the period from 2016 to 2024, the market will reach US$70.24 bn by the end of the forecast period. In terms of volume, the market is anticipated to touch 7.90 billion units mark over the same period of time. The demand for non-electric shavers is higher than their electric counterparts. Researchers expect this scenario to remain same throughout the period of the forecast, thanks to the user-friendly features of non-electric shavers and no requirement of electricity or battery for their operations.

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Europe to Maintain Supremacy in Global Shavers Market

In this research report, a geographical analysis of the global market for shavers has also been provided to the readers. As per the study, the worldwide shavers market is spread across North America, Latin America, the Middle East, Europe, Africa, and Asia Pacific. In 2015, Europe acquired the dominant position in this market with a share of nearly 43%. The regional market is anticipated to retain its position throughout the period of forecast on the grounds of the economic recovery in Europe, owing to which, consumers are again getting the confidence to uptake system razors and electric shavers.

Asia Pacific and Latin America are also expected to witness a healthy progress in their market sizes, thanks to the increasing trend of urbanization and the rise in the purchasing power of consumers, notes the research study.

Growing Interest of Consumers in Self Grooming to Fuel Demand for Shavers

“The increasing aesthetic consciousness and the growing interest in personal grooming among people across the world are having the most prominent influence on the uptake of shavers for the removal of facial and body hairs,” says an analyst of TMR. The global market for shavers is also gaining significant impetus due to the rising awareness among consumers regarding personal hygiene and cleanliness.

While the female population base in developed countries has emerged as a prominent consumer base of shavers, reflecting greatly on the market’s growth; their counterparts in the emerging economies are still showing less interest in personal grooming, which may hamper the progress of this market over the forecast period. Along with this, the dearth of knowledge regarding personal hygiene among them may also hamper the market to some extent in the long run.

Over the forthcoming years, the rise in disposable income of consumers, which is likely to increase their purchasing power, will have a positive impact on the market for shavers across the world. The escalating investments from leading players to increase the research activities, in a bid to invent state-of-art products, is also projected to propel this market remarkably in the near future, states the research report.

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Elevators Market: Growing Need for Energy Efficiency Uplifts Demand for Smart Elevators Globally

The competitive landscape of the global elevators market is highly organized and consolidated, with the top five vendors accounting for a share of over 75% of the overall market in 2015, observes a recent report by Transparency Market Research (TMR). The dominance of these top vendors, including KONE Corporation, Otis Elevator Company, ThyssenKrupp AG, Schindler Holding Ltd., and Fujitec Co. Ltd. can be attributed to their widespread global presence and vast funds directed towards technological advancements. Presence in the highly potential smart elevators sector is also enabling these companies to maintain their top positions in the global market.

“In the next few years, top players in the market are expected to lay more focus on emerging economies, which, owing to the high rate of development of their construction sectors, are expected to be the most promising investment locations for the elevators industry,” states a TMR analyst. TMR estimates that the global elevators market will expand at a 7.4% CAGR in terms of revenue from 2016 to 2023. Expanding at this pace, the market, which held an opportunity of US$181.50 bn in 2015, is expected to rise to US$330.45 bn by 2023. The market is expected to exhibit a 6.3% CAGR in terms of volume over the same period.

Smart Elevators to be Most Promising Product Variety

Of the two key varieties of elevators presently in the market: conventional elevators and smart elevators, the segment of conventional elevators leads with a substantial margin. The segment held a nearly 75% share in terms of volume and a nearly 80% share in terms of volume of the global market in 2015. However, owing to the energy efficiency, enhanced security, wireless connectivity, and other technologically advanced features of smart elevators, their share in the global market is expected to see a sizeable rise by 2023. In terms of geography, Asia Pacific, which accounted for a dominant 34% revenue and 50% volume share in the global market in 2015, is also expected to remain the dominant regional market in the next few years.

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Rising Popularity of Green Buildings to Facilitate Demand for Energy-efficient Elevators

Owing to the rising awareness regarding the harmful environmental impact of the vast amount of greenhouse gas emission and energy and resource consumption associated with the construction industry, the demand for green construction has gained more prominence lately. The rising numbers of green construction projects, which utilize natural resources efficiently and thereby lower impact on the environment as well as utility bills, is a key factor that will drive the increased demand for energy-efficient elevators globally. The global elevators market, which is chiefly driven by rising urbanization and the burgeoning construction industry in developing economies, will thus see a major shift from conventional to smart, energy-efficient elevators in the near future.

Stringent Maintenance Requirements and Safety Standards Hamper Market Growth

The global market for elevators is restrained to a certain extent owing to the overemphasis on regulatory measures and associated approvals that are required from a number of government agencies. A large number of government regulations and policies that govern the safety standards of elevators compel elevator manufacturers to adhere by strict standards and certifications, a factor that has emerged as a challenge to the growth of the elevators market. Additionally, strict government legislations pertaining to the import and export of heavy equipment are also hindering the growth prospects of the elevators market globally.

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Tennis Racquet Market Technology Advancement Is In Favor Of Enhancements And Improvement

​Racquet is a sports equipment which is used strike a ball or shuttlecock in games such as tennis, racquetball, badminton, and squash. Tennis racquet is available in different sizes, length and weight. Tennis racquet are bifurcated based on weight: lightweight and heavyweight. Consumer prefers heavyweight tennis racquet, as they are more suitable to the arm while playing, they more stable as compared to the lightweight racquet. Sports segment has high adoptions of heavy tennis racquet. Initially, tennis racquets were made from wood with a head size of 65 square inches. In the late 60s. Since, technology is growing very rapidly and impact of this technology advancement is in favor of enhancements and improvement of tennis racquets. Manufacturers of tennis racquets are adopting new technology such as bending zone, aero modular and woofer to make tennis racquets more durable and comfortable. This is expected to boost the global tennis racquet market during the forecast period.

The tennis racquet are available in various color, weight and size. There are various factors present in the market which plays an important role in driving the market such as increasing awareness regarding the importance of sports across the world is driving the global tennis racquet market. Rising standard of living and increasing disposable income in the middle class family are expected to accelerate the global tennis racquet market. Moreover, increase in the number of athletes in tennis requiring light and heavy tennis racquets is driving the global tennis racquet. Other than the sports sector, tennis racquet has a huge opportunity in the non-sports sector.

The global tennis racquet market has been segmented based on raw material, distribution channel, end-user, head size, and geography. In terms of raw material, the global tennis racquet market has been bifurcated into carbon fiber and aluminum. Carbon fiber is the most preferred material used to manufacture lightweight and rigid tennis racquets. Based on distribution channel, the global tennis racquet market is segmented into online, specialty and sports shops, wholesaler, discount store, and others. As specialty and sports shops are the most common and preferable channel of end users. Other than specialty and sports shops, global tennis racquet market have huge opportunity in online distribution channel. In terms of end-user, the global tennis racquet market has been categorized into sports and non-sports. Based on head size, the market has been divided into 85-98 sq. inch, 99-105 sq. inch, and 106-135 sq. inch.

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In terms of geography, the global tennis racquet market is classified into Asia Pacific, South America, North America, Middle East & Africa, and Europe. Europe is expected to hold the largest share of the market, followed by North America. The region is led by U.S as the country have the high percentage of participations in tennis activities and in sports activities. Asia Pacific is anticipated to expand at a rapid pace during the forecasted period due to growing about the fitness activities is expected to increases the opportunity for the manufacturer in this region.

Major players operating in the tennis racquet market include Amer Sport (Finland), YONEX Co., Ltd.(Japan), Babolat (France), ASI -CSP,llc (Japan) , Tecnifibre ( ‎Paris), Dunlop Sports Group Americas (the U.S.), ABG-PRINCE OPCO, LLC (the U.S.), GAMMA Sports (the U.S.), PACIFIC Holding GmbH (Germany), ProKennex (Taiwan), ONE SPORTS s.r.l (Italy), PowerAngle, HEAD (the Netherlands), Slazenger (the U.K), Wilson Sporting Goods (the U.S.), and Volkltennis (Germany). . In order to gain a competitive advantage in the industry, these players are actively involved in organic and inorganic growth strategies. Collaborations, partnerships, agreements, and new product launches are some of the important strategies followed by them

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Stain Remover Products Market To Increase Hygiene & Health Awareness Related To Laundry Product Usage

​Stain remover products are available in various forms such as liquids, powders, bars, sprays, sticks, tablets, wipes, foams, gels, and packs. These products usually contain bleaches, surfactants, enzyme preservatives, fragrances, and coloring agents depending upon the type. The common stain types are mud, milk, soil, barbeque sauces, red wines, beetroot, coffee, coke, blood, honey, mayonnaise, baby food, honey, oil, and tomato sauce. Stains and spots on clothes can be removed if they are treated with the right products at the right time. Freshly occurred stains are usually easier to treat; thus, manufacturers are focusing on pre-laundry cloth treatment products which are portable, compact, and convenient to use. The stain remover keeps clothes fresh and soft for a longer period of time, thereby extending the clothes life.

Increasing penetration of washing machines in emerging economies is the key factor driving the stain remover products market. Many laundry vendors are now running campaigns to increase hygiene and health awareness related to laundry product usage. The basic human tendency of keeping clothes fresh and stain-free is one of the buying criteria for stain remover products market.

Product packaging is also one of the differentiating factors for all types of laundry care products as manufacturers are concentrating more on innovative packaging, thereby helping consumers to decide on their product preference, choice, and the final purchase. Consumers prefer stain removers which can help in cleaning their clothes quickly and conveniently.

High-quality fabric innovation has supported the global stain remover products market as the customer’s choice of quality fabric is changing along with time. Manufacturers are also catering to the needs of consumers by providing them products for specific stains. For instance, Evergreen Labs manufactures the Wine Away stain remover product for removing wine stains. These factors are expected to drive the demand for stain remover products over the forecast period.

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The increasing e-commerce industry is expected to be the major factor driving the growth of the stain remover products market, especially amongst the working class, owing to the ease of convenience and accessibility. The e-commerce platform is largely dominated by companies such as Target, Amazon, and Walgreen. E-commerce distribution channel is also expected to be the fastest growing distribution channel.

In the past few years, the lifestyle of both developed and developing countries has changed significantly such as in Russia, India, and China owing to rapid increase in urbanization. Women are becoming more career driven. Increase in working women has led to the combined increase in disposable income in dual-income households which has led to higher average household incomes. Stain removal products keep the fabric and color quality of the clothes intact along with removing the stains. These products are generally all-in-one which is ideal for the working households who generally prefer quick and convenient cleaning options for their daily laundry.

The stain remover product market can be segmented by product into powder, liquid, bar, and others which includes sprays, sticks, tablets, wipes, foams, packets, and gels. By application, the market can be classified into commercial and residential end-user segments. Commercial applications include laundry services, textile industry, and hospitality industry whereas residential applications include household cleaning.

The major industry participants in the global stain remover products market include Church & Dwight, Henkel, Reckitt Benckiser, Proctor & Gamble, S.C. Johnson, The Clorox Company, Amway, ACE Gentle, Attitude, Bio-Tex, Biokleen, Bissell, CR Brands, Buncha Farmers, and Dr Beckmann.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Splitboard Binding Market Rising Interest Of People In Adventure Sports All Over The World

​Splitboard bindings are designed specifically for cross-country or touring usage, and these bindings are usually lighter and more robust than regular snowboard bindings. Materials such as carbon fiber and aircraft-grade aluminum are utilized in manufacturing the binding in order to improve robustness and reduce weight. These kind of splitboard bindings allow increased range of motion while going upwards, and low profile designs to reduce hang ups when stepping down. Splitboard bindings allow to lock the heel and skate, and allow a user to ride easily. Ease of usage, price, and overall performance are key features that individuals are likely to consider while buying a splitboard binding. Splitboard bindings can function in diverse terrain and snow conditions.

The various types of splitboard bindings include baseplate, high back, straps, heelcup, and chassis. The baseplate on splitboard bindings needs to be light in weight. Most baseplates are cored out or laser cut to offer the rider optimum board feel and performance at considerably low weight. High back materials are expected to differ, depending upon the particular binding model; however materials such as carbon fiber, dupont zytel, and fiberglass are common. Splitboard high backs should be lightweight, supportive, and easy to control for a person to get the finest performance in both touring and riding modes. Splitboard binding straps differ from traditional binding straps in terms of weight and interference. The toe strap appears thin and is less bulky than the regular bindings in order to reduce weight. However, the modern bindings enable locking of the feet on the board. The heelcup and chassis are connected to the baseplate, straps, and high back to keep the binding together. Standard snowboard bindings are often made of nylon/carbon material, as compared to Splitboard bindings, which are typically made of aluminum/titanium in order to achieve maximum strength and reduce weight.

Expansion of the splitboard binding market is fueled by factors such as rising interest of people in adventure sports all over the world and the comfort and versatility that bindings provide. Splitboard bindings are lightweight and easier to maneuver when hiking/touring. All the factors mentioned above are boosting the splitboard binding market. Major restraining factors for the splitboard bindings market include high cost and complexity of splitboard bindings. Spiltboard bindings which are designed for mounting on and ski stance and snowboard stance are expected to provide substantial opportunities to the market in next few years.

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The Splitboard binding market can be segmented based on riding style, end-user, type, and region. Based on riding style, the market can be segregated into free ride, all mountain, and type II. In terms of end-user, the Splitboard binding market can be classified into men, women, boys, and girls. Based on type, the market can be segregated into hardboot and softboot. In terms of region, the market can be segmented into South America, Asia Pacific, Europe, North America, and Middle East & Africa (MEA). Europe and the Americas are estimated to hold major shares of the global Splitboard binding market. The market in these regions is expanding, as people in these regions are more inclined toward adventurous sports on weekends and holidays.

Key players operating in the global Splitboard binding market include Splitboardmag, Union Binding Company, Voilé Manufacturing, Burton Snowboards, Karakoram, Spark R&D, Phantom Splitboard Bindings, SPLITBOARDING.EU, Splitsticks, and SP Bindings. Key players are implementing advanced features in their current products in order to remain competitive in the market. Moreover, the companies are focusing on offering advanced features to the customer at the same cost in order to maintain customer base in the near future.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Sous Vide Machine Market Witnessing Steady Growth During The Past Few Years

​Sous vide machines are witnessing steady growth during the past few years owing to their rising adoption among the population. Sous vide is the process of cooking where the food is sealed in a glass jar or plastic pouch and is placed in a steam environment or water bath for longer than normal times. The temperature set is lower than the normal cooking temperature which typically lies between 55 to 66-degree Centigrade. The intent of the sous vide machine is to cook the food properly, preventing overcooking, and to retain the moisture. Changing lifestyles among consumers coupled with rising population of working women has resulted in the rise in demand for sous vide machines. Working women have limited time to spend on cooking. Thus, they opt for sous vide machines that will help them to cook food faster than the traditional cooking process.

The global sous vide machine market has been segmented by type, application, and distribution channel. Based on type, the global sous vide machine market has been segmented into sous vide machine ovens and immersion circulators. Both the methods used serve the similar such as cook the food in consistent temperature throughout. The process of cooking involves sealing the food before cooking and immersing the packaged food into hot water. Rising number of hotels and restaurants has resulted in the rise in adoption of sous vide machine ovens and immersion circulators. On the basis of application, the market has been segmented into household and commercial. Commercial sector dominated the global sous vide machine market in 2016. The household sector is expected to show the fastest growth rate during the forecast period. The global sous vide machine market has been further segmented on the basis of distribution channel into online distribution channel and offline distribution channel. The online distribution channel is projected to show the fastest growth rate during the forecast period. Offline distribution channel dominated the global sous vide machine market in 2016.

The global sous vide machine market is mainly driven by the rising adoption rate of sous vide machines among consumers. Rising women working population has also resulted to the rise in demand for sous vide machine. Women are inclined towards cooking food that takes lesser time than the traditional cooking process. However, high cost of sous vide machines is restraining the global sous vide machine market. Moreover, rising number of hotels and restaurants globally and interest in eating out among the population is expected to generate opportunities to the global sous vide machine during the forecast period.

In terms of region wise study, the global sous vide machine market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America which comprises the U.S., and Canada dominated the global sous vide machine market owing to the rising adoption rate of such machines followed by Europe. Asia Pacific which includes India, China, Japan, and Australia, among other countries is likely to exhibit the fastest growth rate during the forecast period owing to the rising number of hotels and restaurants in this region.

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Key players involved in the sous vide machine market are focused on continuous research and development to develop new products in order to satisfy the changing consumer tastes and preferences. Manufacturers are working on developing products of low-cost that provides effective solutions for developing regions such as Asia Pacific, Middle East & Africa, and South America to boost sales and capture a larger part of the market share. Some of the key players active in the global sous vide machines market are ChefSteps, Gourmia, Oliso, Sous Vide Supreme, Anova, and PolyScience Culinary, among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Interconnected Mechanical Locks Market Surge in Demand for Interconnected and Tubular Locks

​While evaluating the security characteristics of electronic locks and mechanical locks, the latter seems to hold inferiority owing to designing flaws, large area for surface impact, and lack of provision for security upgrades. A recent study published by Future Market Insights assesses the future prospects of global market for mechanical locks. Key findings from this report reveal that by the end of 2022, around US$ 7,160 million worth of mechanical locks are anticipated to be sold across the globe. The report also forecasts that for the assessment period, 2017-2022, the global mechanical locks market is likely to attain growth at a moderate CAGR of 4.5%.

In the view of emerging technologies in the domain of physical security, the future demand for mechanical locks is less likely to witness steadfast growth. Adoption of smart locks, high-tech guarding systems, and biometric access platforms continues to surge, concurrently lowering the uptake for mechanical locks among consumers. Even as a retail commodity, mechanical locks are exhibiting a decline in terms of capturing the mass consumer appeal which continues to opt for adamantine security products.

Demand for Interconnected Mechanical Locks to Remain Steady

According to the report, interconnected mechanical locks will continue to gain grounds in the global market. Despite the moderate expansion anticipated for the global mechanical locks market, interconnected locks will bring in nearly US$ 1,880 Mn in revenues by the end of 2022. Interconnected mechanical locks will continue to find application in security of buildings, apartments, military housing, and other residential facilities. Moreover, the demands for interconnected locks are also expected to be influenced by their precise lever actions and compatibility to handicapped requirements. Easy installation and construction will also have a governing factor in compelling manufacturers towards increasing production of interconnected locks.

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Competitive Landscape of Mechanical Locks Market

The report has profiled leading companies partaking in the growth of global mechanical locks market. These companies are expected to aim towards bringing cost-effectiveness in manufacturing of mechanical locks by procuring quality raw materials through a robust supply chain. Subjected to intrinsic engineering, manufacturing of mechanical locks will continue to incur qualitative enhancement, wherein apposite application of locksmithing knowledge and metallurgy will play a pivotal. Companies namely, Serrature Meroni Spa, ASSA ABLOY AB (key subsidiary – Mul-T-Locks), Dom Ronis, Allegion Plc, Winkhaus Austria Gmbh, Yale Security Inc., Dormakaba Holdings AG, The Eastern Company, Picard-Serrures, and ECO Schulte GMBH & Co. KG are observed to remain prominent in the competitive landscape of global mechanical locks market during the forecast period.

Additional Highlights from the Report include:

·The report also reveals that tubular locks will be a top-selling product in the global mechanical locks market, and will register 5.6% CAGR over the forecast period

·On the basis of materials, stainless steel will be viewed as a sought-after, revenues from which are projected to reach US$ 2,430 Mn by 2022-end

·Sales of grade level 2 mechanical locks will gain steady traction, creating an incremental opportunity of approx. US$ 600 Mn between 2017 and 2022

·In 2017, external facility security will be viewed a lucrative application, revenues from which are expected to procure nearly one-fifth share on global market value

·Throughout the forecast period, North America will remain the largest market for mechanical locks

·Europe’s mechanical locks market is pegged to witness an absolute dollar opportunity of more than quarter of billion dollars between 2017 and 2022

·In 2017, sales of mechanical locks recorded in the Asia-Pacific excluding Japan (APEJ) region are expected to contribute significantly to global revenues