Business

Scuba Diving Equipment Market: Emerging Trends Boosts the Global Industry Growth

Scuba diving is an underwater diving sport in which sportspersons carry a self-contained underwater breathing tool called a scuba. The scuba diving equipment consists of the regulators and Buoyancy Control Device (BCD), propulsion vehicle and cylinder, decompression cuba diving equipment products are essential products for scuba divers during underwater diving. Underwater diving is done for R&D, recreational, defense, and maintenance purposes.

The scuba diving equipment market is expected to grow due to increasing industrial and constructional activities. Additionally, increasing disposable income and attraction toward coastal tourism will fuel the demand during the forecast period. Tourists prefer to visit coastal areas especially during winters. The governments of all countries are taking initiatives to promote tourism as it contributes a large chunk to the GDP and helps governments to improve the economy. Increasing disposable income and desire for recreational activities surges the demand for scuba diving equipment. Scuba diving is more popular among youngsters, travelers, and honeymooning couples. Development of extreme sports and desire to stay fit and toned will further fuel the demand for scuba diving equipment during the forecast period.

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Increasing efforts toward a sustainable aquatic environment is expected to improve the marine flora and fauna and will drive the demand for during the forecast period.

The growth of scuba diving equipment may get hampered due to unfavorable climatic conditions and strict government regulations related to safety and security. In lieu of this, manufacturers are developing new products such as thermal wetsuits which encourage sportspersons to enjoy scuba diving with comfort and ease. Thermal wetsuits help them to maintain body temperature in extreme environments.

The major restraint for scuba diving equipment are coral bleaching and increasing water temperature which is affecting the aquatic life. Moreover, due to various awareness projects and events regarding marine conservation, diving is prohibited in many sites which is expected to hamper the growth of the scuba diving equipment market.

Another reason for the slow growth rate of the scuba diving equipment market is accidents and deaths during scuba diving.  Furthermore, scuba diving equipment are expensive and unaffordable for a large number of people.

The scuba diving equipment market is segmented based on type and distribution channel. Scuba diving equipment, in terms of type is segmented into accessories, cylinder, decompression chamber etc. Based on distribution channel, the scuba diving equipment market is segmented as online stores and specialty stores (offline) and others. Specialty stores are dominant suppliers of scuba diving equipment. These stores are located in coastal regions, near the diving sites. The online segment is the fastest growing segment, for example Amazon and Alibaba. The other segment includes sporting goods retail outlets and supermarkets such as Walmart and Decathlon.

The scuba diving equipment market is segmented into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America holds major share in the scuba diving equipment market. ASEAN countries such as the Philippines and Indonesia are expected to have higher growth rate due to various diving locations and growing interest for scuba diving among the people. Middle East & Africa holds least share due to lack of natural water bodies. In Asia Pacific, Australia holds major share due to presence of various water bodies.

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The major players in the scuba diving equipment market are Poseidon Diving System AB, Dive Rite, Aquatec – Duton Industry co, Aqua Lung International, Mares S.p.A, Beuchat, Cressi Sub S.p.A, H2Odyssey, and Johnson Outdoors Inc. The companies are focusing on improving production techniques through innovation and on increasing their production capacity by establishing new production plants.

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Business

Built-in Ovens Market is Expected to Grow at the Highest CAGR During the Forecast Period

A built-in oven is an appliance which cooks food quickly using electromagnetic radiation instead of heat. Built-in ovens are available in elegant designs and multiple features. This, is projected to increase the demand for built-in ovens during the forecast period. These built-in ovens are known for their hygienic and healthy cooking. Built-in ovens work on high frequency radio waves. These waves prepare food faster than freestanding ovens. This feature is projected to drive the built-in ovens market during the forecast period.

Increase in standard of living, rise in disposable income of individuals, surge in working population in emerging economies are some factors that are expected to drive the market. Changing lifestyle of individuals has encouraged them to look for innovative and convenient kitchen appliances that complement their homes and standard of living. This, in turn, is expected to propel the built-in ovens market during the forecast period. Rapid growth in residential construction and customer preference for trendy kitchen designs and advanced products in the kitchen are expected to boost the market during the forecast period.

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Various discount offers (seasonal Offers) and easy availability of credit schemes are anticipated to create huge opportunity in built-in ovens market in the next few years. Credit cards offer the ability to pay for appliances in instalments over a period of time. It is a convenient mode of buying an appliance, especially with offers such as ‘zero down payment’ and other discounts on the purchase price. This is estimated to increase the demand of built-in ovens worldwide. However, intense competition from local unorganized built-in oven manufacturers with increase in the number of unorganized retailers of built-in oven expected has significantly effect on pricing discrepancy in the built-in ovens market.

The global built-in ovens market has been classified based on type, capacity, end-user, distribution channel, and geography. Based on type, the global built-in ovens market can be bifurcated into single function and multifunction. In terms of capacity, the built-in ovens market can be classified into up to 20 liters, 20–30 liters, 30–40 liters, 40–60 liters, and above 60 liters. Based on end-user, the market can be segregated into commercial built-in ovens and residential built-in ovens. In terms of distribution channel, the built-in ovens market can be classified as online and offline. As compared to offline distribution, online distribution channels are expected to grow at higher rate during the forecast period. Due to technological advancements, rapid urbanization, and easy accessibility is a key factor which expected to accelerate the online distribution channel in built-in ovens market. These factors are expected to drive the global built-in ovens market during the forecast period.

In terms of geography, the global built-in ovens market can be classified into Europe, North America, Middle East & Africa, Asia Pacific, and South America. North America is expected to hold a major share of the market, followed by Europe. As these regions are the most advanced regions in terms of technology usage, infrastructure, and urbanization. This is key factor which expected to accelerate the built-in ovens market growth in Europe and North America during the forecast period. Moreover, the average monthly income of households has increased over the last few years, which is partly driven by rise in number of dual-income households in urban areas. The market in Asia Pacific is projected to expand at a rapid pace during the forecast period.

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Major players operating in the global built-in ovens market include Whirlpool Corporation, BSH Home Appliances Group, IFB Appliances, Gorenje, GE Appliances, LG Electronics, SAMSUNG, Dacor, Inc, Breville Group Limited, Haier Inc., Electrolux, Candy Hoover Group S.r.l., silver line appliance co., TERIM, Glen Dimplex Home Appliances (New World), The Leisure, and Franke Faber Pvt Ltd.

Business

Fat Bike Market: Expanding Application Areas to Drive the Global Market Growth

A fat bike is a bicycle which is fitted with oversized tires. These bikes are primarily used to ride off-road, particularly in snow, gravel, or sand.

Increasing awareness about health and fitness among people is expected to be a major driver of the global fat bike market. Increasing pollution and rising traffic congestion have increased the demand for eco-friendly modes of transportation. These factors are anticipated to fuel the demand for fat bikes, which are eco-friendly and stylish. Rise in initiatives by governments, such as a dedicated lane for bikes to promote eco-friendly modes of commuting, is also anticipated to propel the market.

The high price of fat bikes, as compared to conventional bikes, is anticipated to be a major restraint of the market. Additionally, the rising cost of raw materials coupled with the increasing popularity and demand for motor bikes is projected to hamper the market. Moreover, the absence of specialized cycling tracks and safe mountain trails in developing economies is also likely to hinder the market.

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A major trend in the fat bike market is the shift toward lightweight materials such as carbon fiber for the frame of the bike. Moreover, the trend of ’folding bikes’ is also gaining traction. Several companies are on the verge of integrating smartphones with fat bikes due to the rise in smartphone penetration and global reach of internet. This, in turn, is estimated to help commuters navigate and provide them with streaming audio as they commute.

The global fat bike market can be segmented based on type, application, and geography. Based on type, the market can be segmented into aluminum, carbon, and steel. In terms of application, the market can be divided into commuting and racing. The racing segment is expected to hold a dominant position in the market primarily due to the significant demand for fat bikes from extreme sports enthusiasts. Moreover, the commuting segment is expected to expand at a substantial growth rate during the forecast period due to the increasing health consciousness among the population. Based on geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold a major share of the global fat bike market due to the rising adoption in adventure sports in the region. The market in North America is also expected to expand at a significant growth rate, driven by countries such as the U.S. where the disposable income is relatively high. According to the Organization for Economic Co-operation and Development (OECD), more than 35% of adults in North America were considered obese. Hence, the market in the region is projected to expand due to the rise in number of people picking cycling as a hobby. In terms of market share, North America is expected to be followed by Asia Pacific and Europe. The market in Asia Pacific is anticipated to be driven by the high populations of countries such as India and China. Middle East & Africa and South America are likely to hold a minor share of the global market.

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Major players operating in the global fat bike market are Mongoose, Huffy, Framed Bikes Company Inc., Borealis Bikes, Diamondback, Kent International, ProdecoTech, XDS, GMC, Fuji Bikes, Kawasaki, Micargi, Cannondale, Felt Bikes, and Dynacraft. Other prominent players in the market include Trek Bikes, Giant, SE Bikes, and Raleigh Bicycle Company.

Business

Personal Care Appliances Market to Perceive Substantial Growth During 2027

The perpetual obsession among the younger generation, both men and women, to look young and beautiful is influencing the demand for personal care appliances and this demand is expected to remain modest in the future. In the present scenario, customers are very particular about their health and looks, and this is the reason behind the continuous increasing demand for personal care appliances.
There are several appliances related to personal care that has acquired a position in the daily routine life of a person. These products are hair setters, hair clippers, trimmers, massagers, electric toothbrushes, etc. that are gaining popularity worldwide. The success of these products since decades and innovative products down the line are continuously penetrating the market of personal care appliances.
The personal care appliances market is expected to experience steady growth and it has better opportunity in regions like Latin America and Asia Pacific. Currently, Europe is the largest market followed by the United States. Asia-Pacific will be the fastest growing market in the coming years due to of the high population rate and consequently the high demand for such products in this region.

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Improving lifestyles and increase in disposable incomes of customers are the major factors driving the market of personal care appliances. Among the several products category, oral care is expected to remain the fastest growing category. The hair removal appliances segment is expected to have a sustaining long term market in the coming future. The continuous development and advancement in the hair removal category will further drive the market.

Major geographies covered in this report are North America, Europe, Asia-Pacific and ROW (Rest of the World)
Some of the major players in the personal care appliances market are Lion Corp, Colgate-Palmolive, Conair Corp, Braun GmbH, Norelco Consumer Products Company, Johnson & Johnson, Panasonic Corporation, Helen of Troy L.P, Royal Philips Electronics NV, HoMedics Inc, Remington Products Company, GABA GmbH, Procter & Gamble, and Groupe SEB among others.

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This market research report analyzes important market segments, and major geographies. This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Business

Security Screening Market: Business Growth, Development Factors, Application and Future Prospects

Security screening is one of the most important concerns for security at public places such as airports, railway stations and others. It is typically used to detect unlawful objects including metal objects, weapons, liquor products and others. Screening includes scanning of people and their luggage to detect any hazardous objects. Security screening is majorly carried at places such as airports, government offices and border terminal points. Biometric systems are the most popular techniques used for screening people as it is the most reliable process for authentication. Screening systems based on biometrics method include voice scanner, face scanner, retina scanner, iris scanner and fingerprint scanner. Luggage and other belongings of the people are often screened using x-ray scanning machines to check for any prohibited objects in the baggage.

Growing need for security measures at public places is the most significant factor driving the security screening market. Government organizations of different nations across the world focus on stringent security processes to curb smuggling and terrorists activities. The security screening market has witnessed high growth especially after the disastrous terror attacks in the U.S. and India. Furthermore, security screening market is strongly supported by the development in the information and communication technology (ICT) sector.

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Technological advancements in sensor technology have led to the emergence of non-immersive and contactless detection devices. Such devices have enabled regulatory authorities to enforce robust security solutions while limiting the inconvenience and intrusion of privacy of people. Modern security screening equipment are capable of screening the bones and other internal body parts for unethical and unlawful practices. Electronic passport (E-passport) is one of the latest developments for individual authentication. It is based on the biometric features of the passport holder and helps in reducing the instances of fake passports.

The security screening market is segmented on the basis of products, applications and geographic regions. The market for security screening is further categorized based on type of products into X-ray screening system, electromagnetic detector, explosive trace detector and biometric system. The applications of security screening include airports, railway stations, border check points, government offices, private sector offices, educational institutes and other public places. Public places include shopping malls, temples, cinema halls, commercial complexes and others. Furthermore, the security screening market is segmented based on geographic regions into North America, Europe, Asia Pacific and Rest of the World (RoW). Currently, North America is the largest market for security screening systems in terms of revenue. The major factor driving the growth of security screening market in North America is the stringent security processes in the U.S. and Canada. However, Asia Pacific is expected to be the most lucrative market for security screening systems in coming years. This growth is majorly attributed to the rising threat of terror attacks and smuggling activities. In addition, increasing airport and entertainment infrastructure projects in Asia Pacific is another significant factor boosting the demand for security screening systems.

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Some of the leading companies in security screening market are Analogic Corporation, Aware, Inc., Digital Barriers plc, Argus Global Pty Ltd, Magal Security Systems Ltd, Safran SA, American Science and Engineering, Inc., Implant Sciences Corporation, OSI Systems, Inc., Smiths Group plc and others.

Business

3D Mobile Sensing Hardware Market to Undertake Strapping Growth During 2026

There has been an expanding use of sensor mobile telephones or 3D mobile sensing frameworks and tablets over the globe. Sensors and MEMS are vital and well known part that empowers numerous new highlights on mobile phones and tablets. In terms of communication and design features, all mobile phone sensors are sectioned into built-in (internal and embedded) and external sensors. In 3D mobile sensing hardware market, 3D cameras envision being a distinct advantage in the coming years.

The rising popularity of pressure sensors among shoppers and the rise in sales of  tablets and cell phones have quickened the improvement of the global 3D mobile sensing hardware market. The blasting Chinese cell phone markets and speeding up in the selection of the web of things (IoT) are additionally some more driving the development of this market. Similarly, the quick innovative advancements  are opening up a plenty of new applications over the various industry verticals where 3D mobile sensing hardware can be utilized.

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Additionally, the emphasis on new item improvements, for example, infra-red (IR) or multispectral imaging and gas sensors offers a potential chance to the market. Notwithstanding, the constraint in the appropriation of 3D sensing innovation and danger of commoditization is foreseen to hamper the demand for the market. Moreover, the force of the market development for 3D mobile sensing hardware will rely upon part providers and cell phone creators. What’s more, the advancement of outsider applications will be persuasive in raising the general development proportion of 3D mobile sensing hardware market.

Geographically, Asia Pacific is estimated to account for the highest growth rate within the forecast period from 2018 to 2026. This is credited to the presence of several well-established players in the nations for example, Taiwan, China, Japan, and South Korea. The increase in popularity of healthcare, robotics, and entertainment industries caters the overall market growth in the Asia Pacific region. Moreover, the feature of 3D sensing on smartphone which is majorly utilized for user’s face recognition, for example mobile payment, and unlocking the gadgets is one more driver fueling the demand regarding the 3D mobile sensing hardware market in the region of Asia Pacific.

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The major players operating in the 3D mobile sensing hardware market include Infineon Technologies, TrendForce Corporation, PMD Technologies, Himax Technologies, Inc., Qualcomm Technologies, Inc., AMS AG, Heptagon, Sunny Opotech Co., Ltd., Lumentum Operations LLC, Google LLC, Microsoft Corporation, Apple Inc., Lenovo, and so on.

Business

Travel & Expense Management Market Progresses for Huge Profits During 2026

Travel and expense management solutions help in monitoring and controlling expense reports, thereby preventing fraud and human error and streamlining the business process. It also helps in increasing visibility across the entire reimbursement process, reducing travel costs, and improving the efficiency of the expense handing process. The use of these solutions has grown in many enterprises, by providing more efficient, faster, and flexible options for enterprises in travel and expenses management. Furthermore, enterprises are managing and analyzing their existing expense data and transforming them into accurate insights to take decisions across business operations. It helps the expense manager to reduce reporting errors and have greater control over expense management. In addition, this helps businesses to improve the operational efficiency, significantly lower their travel expense, and speed up the processes by providing cost benefits. These solutions not only track the travel expenses but also perform historical spend analysis, predictive analysis, and other similar functions.

The major factor responsible for driving the travel & expense management market is requirement to have better expense visibility and an increase in the adoption of mobile devices. Using mobile devices, users can book tickets online, locate their luggage, change their flights, and can share expense sheets. Therefore, businesses are increasingly shifting toward travel and expense management solutions for easy access of budget plans through connected devices over the network. In addition, increased adoption of end-to-end travel and expense management solutions and rising need to reduce operational costs for an enterprise also drives the market toward growth trajectory.

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However, data security issues and accessibility of in-house expense management systems is expected to hinder the growth of the market during the forecast period. Enterprises are facing challenges in installing cloud based travel and expenses management software. Lack of skilled labor also hampers the growth of the market. However, ease of access to these portals through mobile apps is expected to provide numerous opportunities to the travel & expense management market.

The global travel & expense management market can be segmented based on product type, component, enterprise size, and vertical. Based on product type, the travel & expense management market can be segmented into web based and cloud based expense management solutions. In terms of component, the travel & expense management market can be bifurcated into two major categories: software (on premise, cloud (public cloud, private cloud) and hybrid) and services (managed service, professional services (maintenance, integration and installation)). By enterprise size, the travel & expense management market can be categorized into SMEs and large enterprises. In terms of vertical, the global travel & expense management market can be segregated into BFSI, telecom & IT, media & entertainment, transportation, retail & e-commerce, utilities, health care, government, and education.

The travel & expense management market can be classified in terms of region into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to account for a major share of the market during the forecast period. This can be ascribed to the increasing popularity of mobile applications among enterprises and growing number of enterprises, and presence of large number of vendors providing solutions to various industries in the region. Moreover, emergence of machine learning & predictive analytics and rise in the number of business applications are the key factors projected to drive the growth of the travel & expense management market in North America. Asia Pacific is expected to be a rapidly growing travel & expense management market owing to the rise in adoption of management software in enterprises in the region.

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Major players active in the development of travel & expense management solutions include IBM Corporation, Oracle Corporation, Certify, Expensify, Concur (SAP), Infor, Chrome River Technologies, Baseware, Coupa Software, DATABASICS, NetSuite, Expense8, KDS, Apptricity Corporation, Nexonia, and Paychex.