Global Automotive Heat Shield Market – Surge in Vehicle Production across Developing and Developed Economies Spurs Demand

Albany, New York: The global automotive heat shields market is moderately fragmented, with the leading four players accounting for less than 50.0% of the market in 2015. These companies, namely Federal Mogul Corp., Dana Holding Corporation, Autoneum Holding AG, and Lydall Inc., have been investing in product innovation, technological advancement, and maintaining quality standards in order to retain their dominance in the market.

For instance, Dana Holding Corporation launched a new aluminum cooling technology in November 2014, which is especially designed for electric and hybrid vehicles. This technology enabled the company to strengthen its portfolio of thermal management products.

Transparency Market Research states that the global automotive heat shield market is set to expand at a strong CAGR of 9.7% from 2016 to 2024, with the opportunity presented by the market rising from US$11.4 bn in 2015 to US$25.3 bn by 2024.

Spark Plug Boot Heat Shields Most Attractive Product Type

Among all product types of automotive heat shields, exhaust shield insulation dominated the global automotive heat shield market in terms revenue, accounting for 22.5% market share. The spark plug boot heat shields segment, on the other hand, is projected to expand at a CAGR of 10.8% during the forecast period, emerging as the most attractive product type.

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In 2015, rigid heat shields accounted for the leading share in the global automotive heat shield market by type. Textile heat shields, on the other hand, are likely to exhibit the highest growth in the coming years. Geographically, while Asia Pacific led the global automotive heat shield market in 2015 with a 35.4% share, RoW is forecast to develop at an impressive 10.1% CAGR from 2016 to 2024.

Surge in Vehicle Production across Developing and Developed Economies Spurs Demand

One of the most obvious factors driving the demand for automotive heat shields is the proliferation of the global automotive industry. The surge in vehicle production over the years can be attributed to the rising disposable income of the global population. The automotive industry is now on the path toward recovery, even in countries in which its growth has been subpar over the recent past. This signals the imminent demand for automobiles and subsequently, automotive heat shields.

“This trend is especially true for North America – a region that has undergone challenging conditions as far as the automotive sector is concerned,” the author of the study reports. “Rise in fuel prices, heavy competition, and high input costs have had a negative impact on the demand for automobiles in the region, which has, in turn, resulted in the limited demand for automotive heat shields.”

Rise in Raw Material Prices an Ongoing Challenge

Aluminum is the main raw material used for the manufacturing of automotive heat shields. However, the rising prices of aluminum has been inhibiting the global market. The London Metal Exchange (LME) reports that the price of aluminum has risen from US$1,400 per metric ton in October, 2015 to US$1,550 per metric ton in January, 2016. This price rise is expected to continue in the coming years owing to high exchange rates and physical delivery costs. This is expected to increase the cost of production, thereby restricting the automotive heat shields market.

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However, the emergence of new vehicle segments, such as electric and hybrid, is likely to have a positive influence on the automotive heat shields market in the near future. Growing awareness among consumers regarding the harmful impact of carbons emissions on the environment has benefited the uptake of electric and hybrid vehicles in several countries. These new vehicle types require high-performance automotive heat shields and the integration and customization of heat shields with advanced technologies is likely to ensure innovative components for these vehicles, the TMR analyst notes.

This review is based on the findings of a TMR report titled “Automotive Heat Shield Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

Global Vacuum Packaging Market: Rising Demand for Lower Material Wastage in Packaging to Boost Demand, says TMR

Global Vacuum Packaging Market: Snapshot

The vacuum packaging market has expanded at a rapid pace over the past few years and is likely to observe healthy growth over the next few years. Approximately 20% of the product manufacturers have switched to vacuum packaging from conventional packaging options in the past five years. The trend is likely to amplify over the next few years, resulting in the increased demand for vacuum packaging solutions globally. A host of factors can be attributed to the market’s remarkable growth trajectory in the past, including the rising consumption of packaged and processed food and rising consciousness about food safety and hygiene among consumers. Factors such as rising household income and the rising inclination to spend for hygienic food are anticipated to bolster the growth of global vacuum packaging market during the forecast period.

Transparency Market Research estimates that the global vacuum packaging market, which valued at US$15.0 bn in 2015, will surpass US$22.8 bn by 2024, registering a CAGR of 4.9% between 2016 and 2024.

Demand for Polypropylene to Rise at Most Promising Pace  

Of the key materials used in vacuum packaging, the segment of polyethylene (PE) is expected to dominate the global vacuum packaging market, accounting for over 38% of the overall market by 2016. The segment is also expected to remain the dominant contributor to the revenue of the global vacuum packaging market throughout the forecast period, but witness stagnant growth, registering a 4.6% CAGR over the forecast period.

The rate of growth of the polypropylene (PP) segment is expected to outpace that of the other key material types used for vacuum packaging over the forecast period. The segment is expected to exhibit a CAGR of 5.7% over the period between 2016 and 2024, and grab a bigger piece of the pie by the end of the forecast period. High-barrier films and extended shelf life of polypropylene packaging are the key factors leading to the material’s increased adoption in the vacuum packaging industry. Segments with vinyl content i.e. polyvinylchloride (PVC) and polyvinylidenchloride (PVDC) are estimated to collectively account for over 20% of the market by the end of 2016 and are anticipated to lose 0.5% of their share in the market by 2024.

Market to Gain High Traction in North America and Latin America

In terms of geography, the market for vacuum packaging in Europe is expected to be the most favorable in terms of incremental opportunities for high revenue generation over the forecast period. The market in Europe is also estimated to dominate the global vacuum packaging market with a 32.4% of the market in 2016, followed by markets in North America and Asia Pacific. Markets in Asia Pacific and North America are highly regulated and are likely to create a substantial demand for vacuum packaging, worth more than US$5.2 mn in 2016, approximately 10% higher than 2015.

Over the forecast period, the market in North America is expected to exhibit the most promising growth and gain high traction, registering a healthy CAGR of 5.3% from 2016 through 2024. In North America, US is likely to continue to dominate the market for vacuum packaging. The country does not only consume vacuum packaging in large volumes, but also features the presence of a large number of manufacturers.

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 The market in Middle East and Africa, which is another prominent market for vacuum packaging, is expected to suffer the most prominent loss in terms of incremental opportunities. Consumption of vacuum packaging in Latin America, which presently accounts for a very small share in the global market, on the other hand, is expected to exhibit a 4.9% CAGR over the forecast period, second only to North America.

Some of the key players in the global vacuum packaging market are Amcor Limited, Berry Plastics Inc., Bemis Company, Wipak Group, Sealed Air Corporation, and Mondi Group.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Vertical Cavity Surface Emitting Laser Market: Biological Tissue Analysis to be the largest Application

Vertical Cavity Surface Emitting Laser (VCSELs) Market: Snapshot

VCSEL stands for vertical cavity surface emitting lasers. There is a current demand for efficient, low-cost, and compact illumination systems, replacing traditional thermal imaging systems. VCSELs are used for infrared illuminations since they offer a host of advantages, including low cost, high reliability, efficiency, narrow emission spectrum, and a low diverging cylindrical beam. Infrared illuminators, in turn, find application in surveillance, imaging, covert operations, and detection in several end-use industries such as the military. This has had a considerable impact on the demand for VCSELs.

The global market for VCSELs was valued at US$775.2 mn in 2015 and is expected to reach US$4,728.8 mn by 2024, growing at an impressive CAGR of 22.3% during the forecast period.

Optical Fiber Data Transmission Accounts for Dominant Share by Application

By raw material, the global VCSELs market is segmented into indium phosphide (InP), gallium arsenide (GaAs), gallium nitride (GaN), and others materials such as InGaAsN and AlGaAs. Gallium arsenide (GaAs) wafer-based VCSELs held the dominant share in the market in 2015 due to their compatibility with cavities between 800nm and 900nm. This has enabled the raw material to gain significant demand in the optical communications market.

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On the basis of application, the global VCSELs market is categorized into chip scale atomic clocks, biological tissue analysis, computer mice, laser printers, absorption spectroscopy, analog broadband signal transmission, optical fiber data transmission, and others. Optical fiber data transmission held the leading share in 2015 and is expected to expand at a steady pace during the forecasted period. This is can be attributed to a growing network bandwidth worldwide.

Investments by U.S. Government in VCSEL Development Driving North America Market

In 2015, Europe dominated the global VCSELs market, primarily due to the recovery of several European economies from the debt-crisis. Countries in the region have been showing signs of recovery and as the euro strengthens, many manufacturers are renewing their production. This has provided the VCSELs market a vital boost.

The VCSELs market in North America has grown significantly over the years. The major trend that has supported this growth is heavy investments by the U.S. government in new VCSEL defense developments. Another factor driving the market in North America is the research undertaken by universities in this region to develop more efficient and stable laser diodes. The presence of many global semiconductor companies specializing in laser diodes has also benefited this market.

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Asia Pacific is estimated to be a significantly attractive market for VCSELs manufacturers mainly because of the large-scale industrialization in this part of the world. Large companies are often inclined to opening subsidiaries or branches in emerging economies such as India in order to take advantage of cheap labor. The rapid growth of industrial automation in Asia is another factor boosting the demand for VCSELs in this region. The increasing demand for computers, LED displays, and communication devices in developing APAC countries is likely to lend a boost to the VCSELs market.

Key players in the VCSELs market include IQE Public Limited Company (United Kingdom), Finisar Corporation (United States), Broadcom Limited (Singapore), II-VI Incorporated (United States), Coherent, Inc. (United States), Panasonic Corporation (Japan), Newport Corporation (United States), Royal Philips Electronics N.V (Netherlands), Princeton Optronics Inc (United States), and Lumentum Holdings, Inc. (United States).

Rear Axle Commodity Market to touch US$45.9 bn in 2020, Focused by Healthy Growth of Automotive Industry

Transparency Market Research has published a new report that presents a comprehensive overview of the global real axle commodity market. The report provides insights into the factors driving the global real axle commodity market and the restraints that the market is likely to face in the forthcoming years. The report is titled “Rear Axle Commodity Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020” and is available on the company website for sale.

Based on in-depth research, the report states that the global real axle market, which stood at US$35.8 bn in 2013, will reach US$45.9 bn in 2020. If the figures estimated in the report hold true, the market will exhibit a moderate yet positive CAGR of 3.7% during 2014-2020. Rear axle commodity affixed to a vehicle is crucial for its functioning, since it bears the entire weight of the vehicle, cargo, as well as passengers. Automotive axles also provide torque to wheels, apart from ensuring stability of the vehicle. Since real axles bear the maximum mechanical wear and tear, manufacturers strive to provide maximum safety, comfort, efficiency, and cost-effectiveness in their product offerings. Presently, manufacturers are focusing on developing more efficient yet lightweight rear axles with enhanced ratios and lesser power loss. This has led to the launch of improved rear axles with enhanced power, which in turn boosts the global market for rear axle commodity.

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For the purpose of the study, the report segments the rear axle commodity market into lift axle, dead axle, and drive axle. Of these, the drive axle segment accounts for a majority share of the global real axle commodity market. In terms of application, the market is classified into economy vehicles, heavy vehicles, luxury vehicles, SUVs, MUVs, executive vehicles, and railways. Economy vehicles dominate the global rear axle commodity market at present. The use of rear axles is also very significant for railways, since it lends stability to the engine and wagons, particularly under difficult conditions.

Key regional segments of the global rear axle commodity market include North America, Asia Pacific, Europe, and Rest of the World. At present, Europe dominates the global market. However, the report cites that the automotive industry in North America and Europe has already reached maturity, hence the rear axle commodity market will not experience much gains from these markets. On the other hand, emerging markets in Asia Pacific exhibits impressive opportunities, making the region the fastest growing market for rear axle commodity. Robust development of the automotive industry in Asia Pacific is anticipated to boost the demand for rear axle commodity in the region.

To study the competitive landscape of the market, the report profiles some of the leading players in the market such as ROC Spicer Ltd., GNA Axles Ltd., American Axle & Manufacturing Holdings, Inc., Talbros Engineering Limited, Meritor, Inc., and Daimler Trucks North America LLC.

Global Bio Vanillin Market: Trends and Opportunities Global scenario 2024

Global Bio Vanillin Market: Overview

Vanillin is the primary component of the vanilla bean extract and is used as a flavoring agent in pharmaceuticals, foods, and beverages. Synthetic vanillin is used more often than natural vanilla extract and bio vanillin has been developed as a healthier and safer alternative to synthetic vanillin.

Vanillin can be of three different types, depending on the way it is manufactured: guaiacol-derived vanillin, natural vanilla extract from vanilla beans, and lignin-based vanillin. Vanillin produced from lignin is marketed as a premium product and is therefore priced higher. Even though only a fraction of the total lignin obtained is used for the manufacturing of vanillin, lignin is actually an abundant natural resource and can also be obtained from sources such as wood, leaves, straw, cereals, stems, fruits, and vegetables. Guaiacol-derived vanillin is an established commercial market owing to the lower price of the product despite no product differentiation. This makes it difficult for bio vanillin to compete with existing companies that already have a strong marketing structure in place.

The report studies the various segments and subsegments within the bio vanillin market and carefully examines the various micro and macro factors that drive and hamper their growth. With the help of tools such as the Porter’s Five Forces Analysis and SWOT analysis, the report provides readers with a 360-degree outlook on the overall market and where it is headed in the coming years.

Global Bio Vanillin Market: Key Trends and Opportunities

The global market for bio vanillin is primarily driven by the surge in the demand for biotechnologically derived fragrances and flavors from end-use industries such as cosmetics, food and beverages, and pharmaceuticals. The market is also boosted by the stable price trends of bio vanillin and strong industry penetration. The fact that bio vanillin has been accepted as natural by the EU and the U.S. food legislations is key to the growth of the global bio vanillin market. The product also satisfies the various regulatory requirements of Health Canada-a department of the Government of Canada that deals with national public health. The market for bio vanillin is projected to benefit from the product being marketed as part of the premium product segment within the beverages, foods, and perfumes industries.

The food and beverages industry makes for the largest consumer of bio vanillin, accounting for over half the market. The fragrances sector is also likely to exhibit steady growth in the coming years, based on the findings of the report.

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Global Bio Vanillin Market: Region-wise Outlook

Asia Pacific is the leading market for bio vanillin in terms of demand, with China emerging as the dominant country in terms of production. This region is also projected to exhibit strong growth during the rest of the forecast period mainly due to the increasing demand for bio vanillin from the pharmaceuticals and food and beverages industries in countries such as India, Indonesia, China, and Malaysia. Bio vanillin also provides a massive opportunity for growth in the Asia Pacific region since countries such as India and China have been witnessing a growth in per capita disposable income and population expansion.

Europe is also a major market for bio vanillin and is expected to witness moderate growth in the coming years. Bio vanillin has the potential to emerge as a green product in Europe as well as North America because consumers in these regions have become more health conscious and averse to petrochemical-derived products. This increasing reliance on natural and bio-derived products is anticipated to boost the bio vanillin market in North America and Europe.

Baby Diapers Market to Expand at 7.60% CAGR between 2015 and 2021

The baby diapers market is expected to undergo several changes such as a result of increasing awareness about hygiene among consumers. In recent times, the healthcare facilities have improved considerably in the developing countries. Due to this factor, the infant mortality rate has reduced considerably. Apart from this, increasing environmental awareness among the consumers is also expected to boost the demand for biodegradable diapers. Besides, the manufacturers are focusing on product differentiation in terms of price and style variations in order to strengthen their customer base. By product type, the baby diapers market has been segmented into cloth diapers, disposable diapers training nappies and swim pants.

The baby diapers market is primarily driven by factors such as high birth rate and decreasing infant mortality rate. Moreover, rapid urbanization coupled with increasing disposable income has also fuelled the growth of baby diapers market. Apart from this, increasing awareness about hygiene and sanitation is also expected to drive the demand for baby diapers.

Asia pacific held the largest market share of baby diapers market in terms of both revenue and volume in 2014 and is expected to continue its dominance throughout the forecast period. The region’s large population and the growth of disposable income are major factors boosting the demand for baby diapers in this region. The Asia Pacific market is expected to be followed by Latin America in terms of both revenue and volume throughout the forecast period.

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The market for disposable diapers was the largest among all the diapers in terms of revenue in 2014 and is expected to remain so throughout the forecast period. Rapid urbanization and increasing disposable income are the major factors driving the demand for disposable diapers.

The report also provides the company market share analysis of key players operating in the baby diapers domain. The key players operating in global baby diapers market are Indevco Group, Kao Corporation, Bumkins Finer Baby Products, Inc., Hengan International Group Company Limited, Johnson & Johnson, Unicharm Corporation, SCA Hygiene, Kimberly-Clark Corporation, Procter & Gamble Company and Wipro Consumer Care and Lighting Ltd.

Electric Shavers Market – Personal care Industries are experiencing robust growth in Asia Pacific

Global Electric Shavers Market:

Electric shavers are being increasingly preferred to manual razors across the world due to greater comfort these provide to the user. Electric shavers contain an assembly of one or multiple blades that are operated by a battery or a plug-in power source. These make the process of shaving more convenient as well as safer than manual razors due to their automated function and inclusion of safety components such as a guard plate to protect the chin from the device. The increasing attention paid by the modern man to personal grooming has driven the global electric shavers market and will continue to be an influential factor in the growth of the market in the next few years.

The report on the global electric shavers market answers pertinent questions having a bearing on the market’s performance. The major players in the electric shavers market are profiled in the report in order to brief the readers about the competitive landscape of the market. The major segments of the market are also examined in the report to provide a comprehensive overview of the market. The key trends observed in the market are also analyzed in the report to enable market participants to make decisions based on up-to-date intelligence about the expected trajectory of the market.

Global Electric Shavers Market: Drivers and Restraints

Increasing beauty consciousness among women and men across the world is the primary driver of the global electric shavers market. Women have always been the target population for manufacturers of various beauty and personal care products. However, men have also become increasingly interested in personal care and grooming. This has led to near-universal demand for various beauty products, shavers being one of the most important of them.

The convenience of electric shavers over manual razors is another key driver of the global electric shavers market. Electric shavers are safer than manual razors due to the mechanized limits on how much of the blade can be exposed to the skin. This is effective in preventing cuts and scrapes, massively improving the overall performance of the shaver.

Electric shavers also function faster than manual razors due to their mechanized action, and often do not require shaving gels or creams. This reduces the overall expenditure required by the user on personal care products. Many advanced electric shavers also require less maintenance than manual razors and last longer, which increases their appeal.

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 Global Electric Shavers Market: Geographical Dynamics

Among the major regional segments of the global electric shavers market, Asia Pacific has emerged as a major market due to the increasing disposable income of consumers in the region. The personal care and beauty devices industries are experiencing robust growth in Asia Pacific due to the increasing interest of consumers. Electric shavers are among the most commonly used products in the personal care market. Large population in India and China and rapid rate of urbanization in these countries are the major drivers of the electric shavers market, with urban consumers increasingly starting to adopt Western fashion values, which includes regular shaving.

Major companies operating in the global electric shavers market are Procter & Gamble, The Gillette Company, Conair Corporation, Koninklijke Philips Electronics N.V., Braun GmbH, Remington Products Company, Wahl Clipper Corporation, and Spectrum Brands Holdings, Inc.

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.

Industrial Gloves Market – Disposable Gloves to Remain Dominant Product Segment in Gloves

The global market for industrial gloves features a markedly high level of consolidation, with the top four players accounting for a collective share of over 75% in the overall market in 2015, states Transparency Market Research in a recent report. Though the market witnesses an intense level of competition among these top companies fighting for the top spot in the global market, which include Showa Group, Ansell Ltd., Honeywell Safety Products, and 3M Corporation, local vendors are giving a tough fight on the regional level.

To gain an edge and acquire an increasingly large share of consumers, top vendors are resorting to strategies such as product innovation and attempts at reducing the cost of products while maintaining the promise of utmost quality. Acquisitions are also increasingly sought as a way of expanding product portfolios and gaining the trust of an established consumer base.

Flourishing End-use Industries and Rising Awareness Regarding Worker Safety to Bode Well for Industrial Gloves Market

Industries such as pharmaceuticals, food, chemicals, and healthcare are the most prominent consumers of a variety of industrial gloves. The pharmaceutical, chemicals, and food industries accounted for nearly two-thirds of the global industrial gloves market’s overall revenues in 2015. Naturally, growth in these industries is a key requisite for the overall development of the industrial gloves market. In the past few years, these industries have seen flourishing growth across all notable regional markets such as North America, Europe, Asia Pacific, and Latin America, boding extremely well for the industrial gloves market.

The usage of industrial gloves across several operations in these industries is ruled primarily by worker safety mandates instigated by government and private bodies. While employee safety rules have traditionally been much stricter and were adhered to more strictly in developed regions than in cost-conscious developing regions, the scenario is rapidly changing.

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Transparency Market Research analysts state that the market for industrial gloves will expand at the fastest CAGR of nearly 12% in Asia Pacific over the forecasting horizon. The factors driving the increased usage of industrial gloves in the region will chiefly be the increasingly stringent worker safety guidelines, rising awareness among employees about the health benefits of high-quality gloves, and flourishing growth of key end use industries.

Local and Inexpensive Product Varieties and Lack of Awareness among Employees to Threaten Market’s Growth Prospects

The lucrative growth opportunities in the global industrial gloves market has attracted a large number of small-, medium-, and large-sized vendors operating across a variety of product segments and serving several regional markets. While some international players are known for the high-quality of their products, they are also infamous for the high costs of their offerings. High costs of products from international vendors mostly fail to appeal cost-conscious industries, especially located in emerging economies.

The threat of being replaced by locally manufactured, cheaper varieties of industrial gloves across the highly lucrative developing economies is a big loss for international vendors. Expanding their consumer base in lucrative regional pockets will require global vendors to focus on establishing production bases in the target regions, where low raw materials and labor costs will help keep product prices in check. Attempts at improving the level of awareness among workers and employers regarding the several benefits of use of industrial gloves could also help strengthen the positions in regional markets.

The global industrial gloves market held an opportunity worth US$5.13 bn in 2015. The market is expected to expand at a CAGR of 9.6% over the period between 2016 and 2024, and rise to a valuation of US$11.01 bn by 2024. The segment of disposable gloves accounted for over 85% share in the global market in 2016 and is expected to remain the dominant product variety over the forecasting horizon as well. Applications across the pharmaceutical industry helped the market gain the largest share of revenues, an estimated 25.5% in 2015.

 

Manufacturing Execution System (MES) Market is growing at a CAGR of 11.1%; Size, Share, Growth, Trends and Forecast 2023

Manufacturing industries implement various planning systems such as ERP or equivalent to decide what products to be manufactured. After completion of the planning stage, the manufacturers determine resources that are currently available in stock for execution of the manufacturing plan. The primary function of MES is to facilitate communication between different divisions in industries and providing enterprise-wide records for improving operational performance. In addition, MES software application provides industries or manufacturing plants with scheduling and planning, tracking and analyzing, and control of manufacturing operations.

The major factor driving the growth of the market is attributed to the rising demand for industrial automation; primarily in growing economies such as China, India and Brazil. MES provides real-time information of the shop floor providing transparency and better visibility of manufacturing operations. Moreover, MES integrates information or data from the shop floor with business systems, enabling manufacturers with more competitive decision making. In addition, highly regulated industries such as medical device and equipment manufacturers, chemical, and food and beverages among others require intensive internal and external reporting to comply with the strict government regulations. Quality and uniformity is given the maximum importance in such highly regulated industries. MES have the ability to automate essential regulatory processes to ensure government regulations and meet the requirements of reporting in such industries. Increasing adoption of MES is driven by ability of MES for integrating quality management from the shop floor to the top floor offering accurate and flexible work instructions to highly regulated industries. These factors are expected to positively affect the growth of the global MES market during the forecast period.

Based on process industry, the global MES market is segmented into: oil and gas, chemical, food and beverages, pulp and paper, pharmaceutical, energy and power, water and wastewater treatment, and others. Others process industry segment includes textiles, and steel and aluminum. Continuous operation environment in process industries is of critical importance in process industries. MES facilitates process industries with automation, execution and management of manufacturing operations with advanced features such as tracking, scheduling, resource allocation and control, quality assurance, and plant maintenance among others.

The global manufacturing execution system (MES) market is categorized based on discrete industry into: automotive, aerospace and defense, electronics and electrical, medical devices, FMCG and others. Semiconductors, furniture and wood products, and printing and publishing are included in the others discrete industry segment. Demand for paperless operation, to assist efficient performance and flexibility in operations is contributing to the market growth during the forecast period.

This market research study analyzes the global manufacturing execution system (MES) market and provides estimates in terms of revenue (USD Million) from 2015 to 2023. It recognizes the drivers, restraints and opportunities affecting the industry and analyzes their impact over the forecast period.

 

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By geography, market is segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). In addition, the report segments the market based on process industry, which include oil and gas, chemical, food and beverages, pulp and paper, pharmaceutical, energy and power, water and wastewater treatment, and others. It also segments the market on the basis of discrete industry into automotive, aerospace and defense, electronics and electrical, medical devices, FMCG and others. All these segments have also been estimated on the basis of geography.

For better understanding of the global manufacturing execution system (MES) market, key trend analysis and porter’s five force analysis are also provided. Furthermore, the study comprises a market attractiveness analysis, where the manufacturing execution system (MES) by process industry and discrete industry are benchmarked based on their market scope, growth rate and general attractiveness.

The report provides company market share analysis of various industry participants. The key players have also been profiled on the basis of company overview, financial overview, business strategies, and the recent developments in the field of manufacturing execution system (MES). Major market participants profiled in this report include ABB Ltd. (Switzerland), Schneider Electric S.E. (France), Rockwell Automation, Inc. (U.S.), Emersion Electric Co. (U.S.), General Electric Co. (U.S.), and SAP SE (Germany) among others.

 

Beauty Devices Market – Competitive Insight Outlook 2024

Global Beauty Devices Market: Overview

The increasing prevalence of skin-related issues, a rising geriatric population, and the expansion of the middle class have been the key factors boosting the global beauty devices market. The market is poised to surge exponentially between 2016 and 2024. Much of the growth exhibited by the market is attributed to the rising demand for hair removal devices. This product segment is expected to hold a considerable share in the market during the forecast period. Among the various application segments, the demand for beauty devices from salons is expected to rise at an impressive rate.

Among other factors, the growth of consumerism has had a profound impact on the market’s trajectory. Increasing demand for devices used in the treatment of skin diseases such as acne, psoriasis, and atopic dermatitis has been crucial in expanding the market’s operation. Of the aforementioned skin-related issues, acne is among the most prevalent dermatological conditions, troubling millions around the world. It is caused due to the clogging of hair follicles by dirt, dead skin cells, and sebum. More often than not, acne leaves behind scars. According to the findings of the American Academy of Dermatology, about 85% of Americans suffer from acne at some point in their lives. Apart from this, exposure to ultraviolet radiation can also cause skin diseases.

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Beauty devices that have been launched recently in the market have proven extremely beneficial in the treatment of the aforementioned dermatological conditions. Demand from the global beauty devices market is thus expected to increase at a robust pace in the coming years. The report studies the various factors influencing the global beauty devices market. It provides a comprehensive overview of the growth trajectory exhibited by the market over the last few years. It also presents forecasts about the market’s growth prospects based on information obtained from trusted industrial sources.

Global Beauty Devices Market: Drivers and Restraints

The majority of demand witnessed by the market comes from geriatric consumers. Old age is often associated with a reduced vascular network in layers of skin and loss of fibrous tissue. Consequently, people belonging to this age group demand special treatments for healthier-looking skin. Furthermore, the characteristics and appearance of a person get altered in old age, leading to dryness, pigmentation, wrinkles, and sagging of skin. Anti-aging beauty devices available in the market help in reducing these signs of skin aging, thus lending the skin a youthful radiance by tightening it.

Awareness about the availability of treatments and related devices for treating aging skin has been thus boosting the global beauty devices market. Despite witnessing a considerable rise over the last couple of years, knowledge regarding the risks associated with using these devices is hampering the market’s growth to an extent. Some of the most common side-effects associated with the beauty devices include fragile skin, excessive swelling, discomfort, blistering, and bruising. The appearance of these side-effects can slow or postpone the process of skin treatment. Also, many popular beauty devices emit intense pulsed light that can result in side-effects such as edema, superficial burn, scarring, and postoperative erythema.

Global Beauty Devices Market: Competitive Insight

In order to study the competition prevailing in the market in detail, the report profiles some of the major companies operating therein. These include the L’Oreal Group, Panasonic Corporation, Procter & Gamble Company, and Carol Cole Company. The strengths and weaknesses of these companies are extensively studied in the report. It also provides in-depth insights into the threats and opportunities that these companies are likely to face 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.