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Fitness Equipment Market is Expected to Reach $11.9 Billion, Globally, by 2020 – Allied Market Research

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According to a new report, published by Allied Market Research, titled, “Global Fitness Equipment Market – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2014 – 2020″, the fitness equipment market worldwide, is expected to reach $11.9 billion by 2020, registering a CAGR of 3.89% during 2015 – 2020.

The cardiovascular fitness equipment would continue driving the fitness equipment market during the analysis period. The cardiovascular equipment would contribute for more than 50% of the market size throughout the analysis period. The adoption of the fitness equipment by all the end users (home, health clubs, other commercial users such as hotels etc.) would grow considerably in future. The adoption by health clubs would grow at a CAGR of 4.13% during 2015 – 2020.

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The increasing obese population across the world, especially in developed countries such as U.S.A., UK, Canada, etc. drives the usage of fitness equipment. Presently, about 2/3rd of the global obese population resides in developed countries. The use of cardiovascular fitness equipment by the obese end-user segment largely drives the overall fitness equipment market, particularly in North America and Europe. Strength training equipment are most commonly preferred by the youth for body building and muscle strengthening. Therefore, this market holds promising future across the developing regions with a large presence of young population.

Among the end user segments of fitness equipment, the home/ individual users significantly drive the market growth. A majority of the home users of fitness equipment are from the U.S. There is a significant increase in the count of health conscious aging population across developed countries such as U.S., UK, Canada that indicate a higher preference for exercising at home, which, in turn boosts the market for fitness equipment.

Key findings of the study: 

  • The fitness equipment market would grow at steady rate during the forecast period owing to the increasing demand by obese population and rising health & fitness awareness
  • The North American region would continue to dominate the market, with around 2/5th of the market size contribution, each year
  • The cardiovascular equipment segment would drive the market throughout the forecast period with more than 50% of contribution to market size by value
  • The adoption of fitness equipment by commercial customers such as hotels, hospitals, enterprises, etc. would increase at a CAGR of 3.95% during the forecast period

The market growth can be attributed to innovative product launches and increasing collaborations between fitness equipment vendors and the commercial user segment. The need of commercial user segment to improve their infrastructural offerings, largely supplements the demand for fitness equipment. Numerous leading companies such as Amer Sports, Nautilus, Cybex International are launching new products and forming partnerships in order to sustain amidst a stiff competitive environment. The report covers a detailed study of numerous players such as Paramount, Amer Sports, Nautilus Inc., Brunswick Corp., Cybex International Inc., ICON Health & Fitness Inc., Johnson Health Tech Ltd., Technogym SpA, Impulse Health Tech Ltd. Co., Torque Fitness LLC and Fitness EM.

Anti-counterfeit Packaging Market in Security Documents and Event Ticketing is Expected to Reach $38.3 Billion, Globally, by 2020 – Allied Market Research

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A new report by Allied Market Research, titled, “Global Anti-counterfeit Packaging Market in Security Documents and Event Ticketing- Industry Analysis, Size, Growth, Trends, Opportunities, and Forecast, 2014-2020“, forecasts the market to grow at a CAGR of 9.5% during 2015 – 2020. The authentication technology market would remain the dominate segment, with about 63% revenue share by 2020, owing to economic pricing and high performance of security inks. Barcode technology would be the fastest growing segment at a CAGR of 10.3% during 2015-2020.

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Counterfeiting of confidential documents and government records has risen invariably during past years. The increasing financial burden on governments arising from mass counterfeiting is fueling the demand for anti-counterfeit technologies. The multilayer security methodologies, such as security inks and holograms, exhibits a substantial market share in the authentication technologies market. The growing adoption of tracing technologies such as, RFID and Barcode in product tracking and inventory management, would gain significance over the forecast period. The market for emerging tracing technologies, namely Bubble Tag, could face limitations in adoption due to the lower return on investment and operational complexities. Lack of awareness for authentication solutions among local manufacturers and the high cost of technologies would limit the market growth. However, active initiatives from the anti-counterfeit trade associations and government authorities across the world would eventually result in an increased level of awareness for anti-counterfeit technologies. Furthermore, a considerable increase in investments, by manufacturers would expedite the market growth during the forecast period.

Key finding of the study:

  • Ink and holograms collectively hold about 93% of the market share in 2014 and is expected to grow at moderate pace
  • North America will continue to lead the global market, closely followed by Europe, all through to the forecast period
  • Asia-pacific is projected to be the fastest growing region with an estimated CAGR of 10.5% from 2015 to 2020

North America and Europe constitute the two largest regions for security documents and event ticketing anti-counterfeit packaging market and collectively accounted for about 84% of the revenue in 2014. Higher adoption rates, active measures from governments and trade associations along with the growing awareness for tracing technologies largely contribute to growth of market in these regions. Heavy malpractices of document forgery, especially of bank notes and official records in developing countries result in a significant demand for authentication technologies.

Giesecke & Devrient (G&D), Sicapa and Reconnaissance International are the leading market players globally. Other key manufacturing companies profiled in the report are, Graphic Security Systems, Corp., Alpvision, Giesecke & Devrient (G&D), Prooftag (Novatec SA), IAI industrial systems, U-NICA Group and, Sicapa.

Advanced Driver Assistance Systems Market is Expected to Reach $60.14 Billion, Global, by 2020 – Allied Market Research

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A new report by Allied Market Research titled, “Global Advanced Driver Assistance Systems Market Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020“, The Global Advanced Driver Assistance Systems (ADAS) market would garner $60.14 billion by 2020, registering a CAGR of 22.8% during 2014 – 2020. The deployment of sensors in vehicles has brought a massive transformation in the automotive industry by providing improved passenger experience and safety. The growing trend for comfort and safety while driving, along with favourable government initiatives has largely supplemented the growth of the ADAS market. An increase in electronic integration along with the multiple functions of different sensors which are used in various driving assistance applications would boost the ADAS market in the coming years. ADAS applications are majorly adopted in the European region and contribute for the largest revenue in the global market, followed by North America. Stringent government regulations and the rising income of people, account for the high growth of the Asian countries.

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The European countries exhibit the maximum adoption of ADAS applications. In Europe, the European New Car Assessment Program (NCAP), established by the government, imposes stringent regulations on car manufacturers in order to provide optimum on road security to the driver. The five-star safety rating system created by Euro NCAP program helps the customers to compare vehicles more easily and to identify safe choice for their needs. Asia-Pacific is the most dynamically emerging market with a highest CAGR of 29.54%, owing to favourable macroeconomic factors such as rise in income and purchasing power, changing lifestyle due to growing urbanization and increasing awareness about active safety systems. In the APAC region, China and Japan are the fastest growing countries in terms of automotive and technology adoption.

The ongoing trend reflects a broader adoption of ADAS applications and its manufacturing across a wide range of premium cars. The challenge for automotive manufacturers is to provide these premium features at effective costs.  Following this, to minimize the effects of other challenges such as, complexity in installing different applications, environmental factors viz. snow, fog, lightening & thundering, storms etc. is a big challenge for the players.

Key findings of the study:

  • The Global ADAS market would grow at a promising rate across developing countries like China, India and Japan, during the forecast period (2014 – 2020)
  • The cost effectiveness and easy availability of the Ultrasonic sensors would make the segment grow at the fastest CAGR of 24.3% during 2014 – 2020
  • Tire Pressure Monitoring System and Drowsiness Monitoring System segments are anticipated to show tremendous growth
  • Increasing purchasing power and supportive government initiatives would foretell remarkable growth for Asia-Pacific market
  • Europe would continue to dominate the market throughout the forecast period due to the stringent government regulations

Advanced driver assistance systems are intelligent concepts that improve transport safety, efficiency and comfort without additional loads on resources such as energy and raw material. The introduction of safety systems has enforced the countries to emphasize on reducing road accidents. Governments across regions, are taking active initiatives and have developed several policies to reduce fatal road accidents.  The European research project, ‘interactIVe’, is one such safety program that effectively facilitates accident-free traffic. ‘interactIVe’ has introduced advanced safety systems that autonomously brake and steer, along with warning the driver in case of potentially dangerous situations. The advanced driver assistance systems providing companies are continuously innovating the sensor technologies and applications to meet the multiple demands of the customers.

Flavors Market to Reach $15.2 Billion, Globally, by 2020 – Allied Market Research

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A new report by Allied Market Research, titled, “Global Flavors (Food and Beverages) Market  Size, Share, Trends, Analysis, Opportunities, Growth, and Forecast, 2014 – 2020“, forecasts the global flavors market to reach $15.2 billion by 2020 at a CAGR of 4.3% from 2015 to 2020. In 2014, Natural flavors segment taken over the lead to hold the majority of share in terms of value. Strong demand for organic processed food & beverages remained the major growth thrust for natural flavors market segment. The growth outlook for natural flavors remains strong while synthetic flavors may witness negative growth.

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Demand for organic and healthy food products, changing consumer preferences, introduction of new and enhanced flavors, and demand growth of processed food products has been instrumental in the growth of flavors market. Further, expanding purchasing powers, changes in eating habits, hectic work schedule and improper diets would supplement the market growth. On contrary, factors such as stringent food safety regulations and few adverse effects on human health would pose a major challenge for the market growth. However, natural flavors has been able in addressing such concerns and would be growing further on this account.

North America currently is the largest consumer of natural flavors; however, by 2020, Asia Pacific would catch-up and marginally lead the natural flavors market segment. In addition, the developing and advance developing nations would render the faster growth for the natural flavors market. Nevertheless, North America and Europe will continue to hold over half of the revenue share for natural flavors segment till 2020. Despite overall negative growth in synthetic flavors market, the outlook will remain slightly positive in Latin America, Middle East and Africa. Asia Pacific will remain the largest market for synthetic flavors by 2020.

Beverage flavor products segment is the largest in terms of revenue, closely followed by bakery & confectionery and savory & snacks flavors segments. In contrast, the growth for dairy and frozen product flavors would be highest during the forecast period largely due to high demand of meat flavor products in Asia Pacific and Latin America. Animal and Pet food segment would also gain momentum with emerging economies being at the fore front of the growth. The overall Animal & pet food flavors market segment will grow at a CAGR of 4.4% during 2015-2020.

Key Findings:

  • Asia Pacific would continue to generate maximum revenue with a market share of 31% by 2020.
  • Africa would register the highest CAGR of 11.0% during 2015-2020 in the overall market, though at a small base
  • Latin America would exhibit highest growth in beverage flavors product segment with the highest CAGR of 5.8%.
  • Huabao International gained about 1.5% market share in 2014 over 2013.

Asia Pacific would consolidate its dominance with strong demand for Ice Cream, Soft Drinks, Dairy, Meat, and Animal Feed flavors during the forecast period. In 2015, Latin America would become the billion dollar market and will continue growing at the fastest rate of 5.8% during the forecast period. Africa, Middle East and Eastern Europe would also witness significant growth on account of growth in demand of packaged food and beverages. Western Europe will exhibit steady growth while North America would have diminishing growth.

Global Robotics Technology Market is Expected to Reach $82.7 Billion, by 2020 – Allied Market Research

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According to a new report by Allied Market Research entitled, “Global Robotics Technology Market- Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013-2020″, the global robotics technology market is expected to reach $82.7 billion by 2020, registering a CAGR of 10.11% during 2014 – 2020. The increasing demand for automation in all aspects of life has majorly contributed to the growth of robots. Rising labor costs has pushed organizations to automate their processes with the use of robots. Growing adoption of robots by SMEs will transform the market. Earlier, the robots were only restricted to manufacturing process. However, with the advent of advanced technologies, they are entering homes, offices, hospitals and other institutions. APAC region dominates this market growing at a CAGR of 8.71%. It generates a major revenue in this market owing to the high density of automotive companies in the region.

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The growth of smart technologies like smart phones have fueled the growth of this market. Use of robots have increased across all sectors owing to the increase in labor costs and unavailability of skilled labor. There has been a substantial investment in research and development by public and private organizations to further explore and develop new technologies and applications for robotics. A number of international organizations like Standardized Procedures for the Advancement of Robotic Combat (SPARC) and International Federation of Robotics (IFR) have been started to support robotics and supplement its growth. Key players in the market are increasingly developing low-cost, affordable, compact and energy-efficient solutions to cater the growing demands of the customers.

The adoption of robots across a wide range of industries including manufacturing, healthcare, defense and security, automotive, electronics, and food and beverage has accelerated the growth of the market. Robots deliver better quality products and services more efficiently, with less wastage and without causing physical damage to humans due to their autonomous nature. They help to reduce operating costs, while increasing production output. The increasing use of robotics will boost the growth of the market in the coming future. Robots are being used in a diverse range of applications including tele-surgery, pharmacy, physical and mental therapy, bomb diffusion, mine detection, rescue of the wounded soldiers, space exploration, manufacturing of aircrafts, production of electronics equipment and in domestic chores. Automotive sector generates a major share of the revenue and constituted 39.04% of the global revenue in 2013, followed by Electronics sector which accounted for 20.24%.

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Industrial robots dominate the robotics market, with a percentage share of 66.10% in 2013, followed by service robots. Service robots find applications in healthcare, agriculture, construction and infrastructure. In the coming years, service robotics and mobile robotics would increase their penetration in the market at a rapid pace. However, high initial prices, complex technologies, safety and ethical issues regarding the use of robots might restrict the growth of this market.

SMEs are a largely untapped market. Owing to the high initial investment, SMEs are hesitant toward the adoption of robotics. The key players are now developing affordable, compact, customized and energy-efficient robotics solutions aimed at increasing the efficiency of SMEs. Labor unions have protested against the use of robotics, which rendered the loss of jobs to robots. However, according to International Federation of Robotics (IFR), the robotics industry would create more jobs than it replaces. The IFR projects that 1.9 to 3.5 million jobs will be created by the year 2021.

Key findings of the study:

  • The Global Robotics Technology Market would grow at a steady rate during the forecasted period owing to the increasing demand for automation and rising labor costs
  • The automotive sector accounted for 39.04% of the Global Robotics market in 2013. Other industries including healthcare, defense and security and aerospace would grow at a fast pace during 2013-2020
  • High growth is expected in service robotics and mobile robotics due to technological advancements and growing adoption in diverse industries

There is stiff competition in the Global Robotics Technology Market. Key players in the global market including ABB Group, Fanuc Corporation, iRobot, Kawasaki Heavy Industries and KUKA AG are consistently launching new products to enhance their offerings in the market. A number of acquisitions and collaborations occurring in the market enable these vendors to expand their geographic presence and penetrate into emerging economies.

Global Personal Care Electrical Appliances Market is Expected to Reach $22.8 Billion by 2020 – Allied Market Research

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According to a new report by Allied Market Research entitled, “Global Personal Care Electrical Appliances Market – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020″, the global personal care electrical appliance market is expected to reach $22.8 billion by 2020, registering a CAGR of 7.1% during 2014-2020. Hair care appliances hold lion’s share in this market followed by hair removal appliances, collectively capturing around 75% of the global market throughout the forecast period. North America is the largest market and is expected to retain its position during the forecast period.

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The demand for personal care electrical appliances is growing at a steady pace. The market is witnessing increased per-year growth of demand for these appliances throughout the globe. However, the adoption is faster in APAC and LAMEA. With the increasing penetration in the North American and European market, especially for the products such as hair straighteners and dryers, manufacturers are now targeting developing nations such as India and China as the potential markets. Growing population and improving economic conditions are the key reasons fuelling the growth of personal care markets in these regions.

China has attracted a huge number of manufacturers of personal care electrical appliances and has transformed itself into a cost-effective manufacturing hub. Many of the companies have shifted their manufacturing base from West to the East, and especially to China due to the low labor and other manufacturing expenses. However, recent strengthening of Renminbi (the official currency of China) would increase the overall price of the exported products. Expectedly, this scenario will lead to a shift in the manufacturers’ strategy from low-cost offering to product differentiation and innovation. This is also expected to bring an arrangement in production bases and distribution channel, so that the final price of the product can be lowered down.

The personal care electronic appliances market has a limited number of players and the top ten companies that dominate the market holds approximately 70% of share. Rest of the market is captured by other small brands and local non-branded products. Procter & Gamble and Conair are the two leading companies in the market. The market for non-branded products is decreasing gradually as people are now more concerned about the quality. This change in the consumer preferences has been noticed even in the developing nations. Hair care appliances are expected to lead the global market during 2013-2020, followed by hair removal products. However, hair removal products are expected to grow at a comparatively faster rate favored by expected replacement of manual razors and shavers with electric shavers. Amongst hair care appliances, hair stylers market would grow at the fastest rate as people are more interested in getting styled hair rather than just straightening. Oral care appliances are gradually gaining prominence in the global market and is expected to be the fastest growing product segment during the forecast period.

Key findings of the study :

  • Among various types of personal care appliances, oral care appliances would grow at the fastest CAGR of 9.7% during 2014 to 2020
  • Within the hair care segment, hair straighteners continues the biggest market, but stylers would grow at a fastest CAGR of 8.4% during 2014-2020
  • Powered toothbrush held nearly 3/4th of the oral care market in 2013
  • North America would continue to lead the global market during 2013-2020
  • Asia-Pacific would witness the highest CAGR of 10.5% during 2014-2020, though it would still remain the third largest market by 2020

North America holds the largest market share and is expected to continue its hold on the global market throughout the forecast period. Europe is the second-largest market in the current scenario followed by APAC. As western countries are developed, fashion and grooming is of greater importance in these regions compared to APAC and LAMEA. Therefore, such products are limited to higher class people in APAC region. However, improving economic condition, enhancement in lifestyle and increasing hygiene awareness are the key factors propelling the market particularly in Asian countries. Panasonic and Philips are some of the key companies enjoying a strong foothold in the APAC market. Philips is benefitting from awareness and brand reputation that it has built in the Asian countries. Remington Products Company, Procter & Gamble, Conair Corp., Philips, Panasonic Corporation, Groupe SEB, Colgate Palmolive, Helen of Troy L.P., HoMedics Inc., and LION Corp are the leading global players in this market.

Global Commercial Telematics Market is Expected to Reach Around $ 49.12 Billion, by 2020 – Allied Market Research

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According to a new report by Allied Market Research entitled, “Global Commercial Telematics Market (Type, Application, End- User and Geography) – Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 – 2020″, the global commercial telematics market is expected to reach $49.12 billion by 2020, at an estimated CAGR of 18.4 % during the forecast period (2014 – 2020). The study includes an analysis of drivers, restraints, opportunities and competition, in the key geographies which include in North America, Europe, Asia-Pacific (APAC) and Latin America,Middle East, Australia (LAMEA).

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Aftermarket, a segment categorized on the basis of type of telematics, is expected to grow swiftly and remain the largest revenue generator, contributing to over 50% of the total market revenue throughout the forecast period (2014-2020). In addition, fleet/asset management as an application segment, is the highest revenue-generating solution, contributing about 50% of the total commercial telematics solutions market revenue. In certain economies like Brazil and China, the government legislations mandate the adoption of telematics given the rising concern of vehicle tracking and safety and security, thereby driving the demand for telematics solutions.

Telematics industry has grown from traditional navigation services to broadened scope in vehicle tracking, monitoring, fleet management, location-based services and traffic and weather information. The report segments the market by type viz., automotive OEM and aftermarket. Among these, the automotive OEM is expected to grow at a higher rate given the technological alliance between telematics service providers and device manufacturers due to its varied application in many verticals including healthcare, media and entertainment, insurance and logistics. Transportation and logistics segment is observed to have the largest share in the total market size by revenue in 2013 and will remain the largest revenue-generating end user segment given the need for vehicle diagnostics and vehicle tracking etc. The technology is also witnessing increased adoption from sectors such as insurance and healthcare.

Key findings of the study:

  • The growth of the global commercial telematics market would be supplemented by the increased adoption across key sectors such as Logistics and transportation, Insurance, Media and Entertainment and Healthcare during the forecast period (2014 – 2020)
  • The need for vehicle tracing, safety and security, government regulations would continue to positively drive the global commercial telematics market over the analysis period (2014-2020)
  • Fleet/Asset management solution is one of the most prominent solutions present in the market. It led the market with a share of almost 50% of the global telematics market, followed by Insurance telematics solution and expected to remain dominant in our analysed period.
  • Asia-Pacific as well as LAMEA is forecast to be one of the most lucrative markets, in terms of growth given the supportive government regulations and the growing automotive market

The report also outlines the competitive environment of the commercial telematics market, providing a comprehensive comparative study of the key organic and inorganic strategies that the market leaders are adopting to achieve an edge over their competitors. In addition to the product launches, the companies are adopting alliance and partnership as key strategy to gain a higher market share. Companies such as AT&T, Harman and TomTom have collaborated with different industry experts to gain access to the market and technologies. Prominent companies profiled in the report include Verizon, Harman, TomTom, AT&T, Vodafone, Ford Motors, BMW, Telefonica, Mix Telematics and Trimble Navigation Ltd.