Asia-Pacific Cosmetics Market Report, published by Allied Market Research, forecasts that the market is expected to garner $126.8 billion by 2020, registering a CAGR of 4.02% during the period 2015 – 2020.Japan is the highest revenue generating region in the Asia Pacific cosmetics market and accounts for the second largest market in the global cosmetics industry. Japan held a 2/7th share of cosmetics market in 2014, across Asia Pacific region. An increase in the adoption of cosmetic products among men is observed to be a rising trend in countries such as China, India, and Japan. Presently, supermarkets and departmental stores are the preferred sales channels for the cosmetics market in the region.
The growing consciousness towards maintaining one’s personal appearance and a considerable increase in disposable incomes are the two factors that majorly drive the cosmetics market in the Asia Pacific region. The category of skin and sun care products hold the largest revenue share in cosmetics supplemented by a high demand by both men and women. The skin and sun care product segment accounted for 3/7th share in the Asia Pacific cosmetics market in 2014. Skin and sun care products are largely used by men and women across all the countries in Asia-Pacific region whereas the other prominent category of makeup/color cosmetics is dominated by women. Additionally, shampoos, conditioners, hair styling creams and gel, hair color, moisturizing lotions, facial wipes, deodorants, and fragrances are found to be the most prominently used cosmetics by men in this region. The user segment of men accounted for a revenue share of around 19% in the Asia Pacific cosmetics market.
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The growing consciousness for using organic products in the Asia Pacific region subsequently creates a high demand for the use of organic content in the manufacturing of cosmetics. Numerous companies such as Himalaya, Biotique and Skin Food, exclusively operate in the manufacturing of natural ingredient cosmetics products.
Key Findings of the APAC Cosmetics Market
• Japan is the highest revenue generating region for cosmetics in the Asia Pacific region, estimated to register a CAGR of 2.7% during 2015-2020
• Skin and Sun care was the highest revenue generating product segment in the cosmetic market, in 2014, and should further consolidate its position by 2020
• Men is the fastest growing user segment of cosmetics registering a CAGR of 9.2% during the forecast period
• The use of natural content in cosmetic products has revolutionized the market
• The online medium would emerge as a prominent platform for the purchase of cosmetics over the forecast period (2015-2020)
Product launch and expansions are the two key strategies adopted by market players to strengthen their product portfolios and expand their geographic reach. The increasing demand for cosmetic products, particularly, in men’s user segment have led the companies in the market to launch new products in men’s cosmetic segment. For instance: in July 2014, Himalaya introduced a new men’s product – “Intense Oil Clear Lemon Face Wash” in the skin care category, in India. This launch has enhanced the product portfolio of Himalaya in their men’s segment.
Additionally, in June 2014, Nivea, a leading brand in skin and body care set up a new manufacturing plant in India at Sanand, Gujarat. Prominent players profiled in the report are Biotique, L’Oral, Avon Products Incorporation, Procter and Gamble Corporation, Unilever, Oriflame Cosmetics, Revlon Incorporation, Kao Corporation, Estee Lauder Companies, Incorporation, Biotique and Shiseido Company, Limited.
Evolving Lifestyles of Women to Boost the Global Feminine Hygiene Market is Expected to Reach $42.7 Billion by 2022
Asia-Pacific region was estimated to be the largest market for feminine hygiene products in 2015 and would continue to be the leading contributor throughout the forecast period. The region accounted for around 60% of the overall sales of sanitary pads by value, in 2015. Europe was the second largest market in 2015, closely followed by North America, owing to higher penetration of high-end products such as tampons, panty liners and internal cleansers. LAMEA is anticipated to grow at the highest CAGR of 7.5% during the forecast period owing to the increasing number of working women and the rising demand of tampons and panty liners
Feminine Hygiene Products Market Report, published by Allied Market Research, forecasts that the global market is expected to $42.7 billion by 2022, registering a CAGR of 6.1% during the period 2016-2022. In 2015, the Asia-Pacific region accounted for the largest market share of around 48.9%, owing to increasing awareness towards personal hygiene and higher adoption of sanitary pads in markets such as China, Japan and others.
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Major categories of feminine hygiene products include sanitary pads, tampons, panty liners & shields, internal cleansers & sprays and disposable razors & blades. Among the mentioned feminine hygiene products, sanitary pads dominate the market, accounting for nearly 2/3rd of the overall market revenue throughout the analysis period. In terms of growth, internal cleansers would be the fastest growing product category, followed by tampons and panty liners, owing to increasing demand of high-end feminine hygiene products across the globe.
Feminine hygiene products are primarily distributed through retail stores which include supermarkets & hypermarkets, specialty stores (drug stores, pharmacies and beauty stores), convenience stores, and dollar stores. Among these, supermarkets & hypermarkets segment accounted for the largest share in the overall sales of feminine hygiene products in 2015 and is expected to maintain its leading position throughout the forecast period. However, convenience stores are the prominent distribution channels in rural areas of developing markets such as India and China. Online sales channel, which presently represent a relatively smaller portion of the market, is anticipated to gain popularity in the coming years due to increasing penetration and developments in E-commerce.
Key Findings of Feminine Hygiene Products Market:
• Asia-Pacific is the highest revenue generating market for feminine hygiene products, followed by Europe
• LAMEA is the fastest growing market and the demand in this region is supplemented by increasing awareness towards personal hygiene and increasing number of working women
• Sanitary pads are the most commonly used sanitary protection product across all the geographies and are available in variety of sizes, shapes, and absorption levels
• Europe has witnessed higher penetration of tampons and would continue to dominate the tampons market during the forecast period
• North America has observed higher penetration of panty liners and internal cleansers & sprays
• Supermarkets & hypermarkets and drug stores & pharmacies are major sales channel in developed markets such as North America and Europe
• In developing countries such as India, feminine hygiene products are majorly distributed in rural areas through convenience stores
The key market players profiled in this report are Procter & Gamble Co., Edgewell Personal Care Company, Unicharm Corporation, Kimberly-Clark Corporation, Lil-Lets Group Ltd., PayChest Inc., Svenska Cellulosa Aktiebolaget, Kao Corporation, First Quality Enterprises, Inc. and Hengan International Group Co. Ltd. In order to gain a strong foothold in the market, manufacturers have adopted various growth strategies such as product launch and acquisition. For instance, Unicharm Corporation, a major player in feminine hygiene business in Japan, launched various innovative products to cater to the demands arising from changing lifestyle of women and to revitalize its domestic market.
China held the largest market share among all countries in the APAC region, followed by Japan in 2014. Indian market is expected to witness the highest growth over the forecast period. The women and kids sports apparel market in India would witness dynamic growth during the forecast period, owing to factors such as increasing popularity of kids for joining sport academies, rising fitness concerns among women. Moreover, the sale of sports apparel though retail stores is significantly high in countries such as China and Japan; whereas, the sale through online platforms would gain popularity in future.
Asia-Pacific Sports Apparel Market Report, published by Allied Market Research, forecasts that the Asia-Pacific market is expected to generate revenue of $62.6 billion by 2020, registering a CAGR of 8.1% during the forecast period 2015-2020. China is the highest revenue-generating region, accounting for 45.2% share of the Asia Pacific sports apparel market. The sale of sports apparel through online stores would grow rapidly, registering a CAGR of 14.5% during 2015 – 2020.
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Based on end users, the Asia Pacific sports apparel market is categorized into men, women and kids. In 2014, the men segment dominated the Asia Pacific sports apparel market; followed by women segment, which constituted 41.3% market share, owing to growing participation of women in various sports and fitness activities. Furthermore, kids segment is anticipated to grow at a notable pace, registering a CAGR of 10.4% during the forecast period.
Based on the mode of sale, Asia Pacific sports apparel market is categorized into retail and online stores. In 2014, the retail segment dominated the market with 81.6% share. International brands have been launching new retail outlets in the untapped markets of the Asia Pacific region to expand their geographical presence and increase their customer base. The retail segment is further segmented into supermarkets, brand outlets and discount stores. Online platforms, have exhibited a robust growth across the Asia Pacific region, owing to the ease of accessibility and availability of a wide range of products at a competitive price. The online mode of sale segment would grow rapidly, registering a CAGR of 14.5% during the forecast period.
Key Findings of Asia Pacific Sports Apparel Market:
• The Asia Pacific sports apparel market is expected to exhibit a notable growth during the forecast period (2015- 2020) due to increasing disposable income and rising health concerns among individuals
• Women sports apparels segment is expected to witness a CAGR of 9.1% during the forecast period
• The retail medium was the most popular distribution channel in 2014. However, the adoption of online mode of distribution would increase during the forecast period, owing to the increasing use of internet and ease of accessibility to a wide range of products
• China was the highest revenue-generating region, accounting for 45.2% share of the overall market revenue in 2014
• India is anticipated to grow rapidly, registering a prominent CAGR of 13.5% during the forecast period
Expansion and partnership have been the key growth strategies adopted by players in the market to increase their market share and expand their customer base. Prominent companies, such as Nike, Inc., Columbia Sportswear and Puma SE, have adopted various growth strategies to mark their footprint in the Asia Pacific sports apparels market. Columbia Sportswear entered in India in collaboration with Chogori India Retail limited (CIRL), to leverage the latent opportunities in India. The key companies profiled in the report include, Adidas AG, Nike, Inc., LI-NING Company Limited, Puma SE, Inc., Umbro Ltd., Fila, Inc., Under Armour, Lululemon Athletica Incorporation, Anta Sports Products Limited, Inc. and Columbia Sportswear Company.
3D printing finds significant application in consumer products amongst all the other applications. This segment accounted for about one-fifth share in the 3D printing application market, in 2014. The defense sector is estimated to register the highest CAGR of 25.6% during the forecast period, as countries around the global are making high investments in technological advancements in defense sector. 3D printing also finds major application in the design and manufacturing of fighter jets and military aircrafts.
3D Printing Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $8.6 billion by 2020, registering a CAGR of 21% during the period 2015-2020. This surge in growth is primarily attributed to the rising demand for faster and efficient ways to manufacture complex design objects using a wide array of materials.
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Conventional printing manufacturing techniques find large application in industries such as automotive, aerospace, medical & healthcare, consumer products and others. The growing adoption of 3D printing in these applications is supplemented by the higher accuracy, efficient use of material and ability to build customized products. Its competency over traditional processes, time efficiency and simultaneous use of multiple materials are factors that further boost its adoption. However, the higher cost of personal printing, expensive software and the lack of channel partner assistance restrains the growth of this market. The economies of scale gained through advancements in technology and improved manufacturing processes will further boost the market growth.
Stereo lithography would continue to be the leading technology in 3D printing over the forecast period, majorly supplemented by its utilization in blow molding, injection molding and other metal casting processes. However, with the growing adoption of Selective Laser Sintering and Electron Beam Melting technologies, the overall revenue contribution of stereo lithography technology would decline over the forecast period. Electron Beam Melting technology would register the fastest CAGR during the forecast period, as it is an ideal process for building parts with high resistance and strength, which are highly desired in aerospace, automobile, medical and industrial sector.
3D printing finds significant application in consumer products amongst all the other applications. This segment accounted for about one-fifth share in the 3D printing application market, in 2014. The defense sector is estimated to register the highest CAGR of 25.6% during the forecast period, as countries around the globalare making high investments in technological advancements in defense sector. 3D printing also finds major application in the design and manufacturing of fighter jets and military aircrafts.
North America is the largest market of 3D printing, accounting for nearly 43% of the overall global market revenue. However, European market would surpass North America in 2018, becoming the biggest 3D printing market worldwide. The Asia-Pacific region would register the highest CAGR during the forecast period.
Key Findings of 3D Printing Market:
- The materials segment would exhibit significant growth due to the increasing demands of 3D printing across various commercial and non-commercial sectors.
- Electron Beam Melting segment is expected to witness fastest growth during the forecast period owing to its increasing application in aerospace, automobile, medical and industrial sectors.
- Consumer products would continue to account for the leading market application during the forecast period (2015 2020).
- Europe would occupy approximately 2/5th share of the global3D printing market by 2020.
The prominent players in the world 3D printing market are, Stratasys Ltd, Arcam AB, Autodesk, ExOne, Hoganas AB, Optomec, Organovo Holdings, Ponoko and Voxeljet Ag. The leading players are focusing on the development of novel technologies complimented by product launch. For example, 3D Systems launched Cube 3 and CubePro 3D printers in 2014. These printers provide great speed with concurrent multi material and multi-color printing.
Internet of Things (IoT) is expanding rapidly and relentlessly. Vehicles, machine tools, street lights, wearables, wind turbines, and a seemingly infinite number of other devices are being embedded with software, sensors, and connectivity. Sensor finds its extensive incorporation in IoT systems such as smart grids, smart homes, intelligent transportation, and smart cities which is estimated to garner high growth.
Sensor Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $241 billion by 2022, registering a CAGR of 11.3% during the period 2016-2022. Asia-Pacific dominated the global market and contributed over 45% of the overall market, owing to improved electronics industry infrastructure and
increase in demand for electronic products such as smartphones, handheld devices, PCs, laptops, and others.
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Sensor is a device that detects, measures or indicates any specific physical quantity such as light, heat, motion, moisture, pressure, or similar entities, by converting them into any other form which is mostly, electrical pulses. The demand for sensors is globally expected to rise during the forecast period due to growing trend of internet of things (IoT), advances in consumer electronic products, advancement in sensors and its increasing usage in smartphones, and robust demand in automation industry. Moreover, surge in the automotive sector and growing demand of wearable devices open opportunities in the market. However, incorporating the sensors in devices incurs extra value and reduces life of device, which acts as a restraint for the market. Sensors can be categorized based on their type and technology used to manufacture them.
By the type of sensor, radar sensor dominated the market in 2015 by contributing for over 15% of overall sensor market. This was attributed by the growth in IT & telecom industry and increasing usage of remote sensing devices in defense & aerospace, civil engineering applications and forestry & agriculture across the globe. However, image sensor is estimated to witness the highest growth rate in the market, owing to its utilization in camcorders, biometrics, digital cameras, virtual keyboards, video-conferencing applications, optical mice, and many more.
Technology wise, microelectromechanical systems (MEMS) garnered the maximum market share and claimed more than 45% market share in 2015 as they deliver real-world, motion-aware applications that enrich the consumers experience of electronic devices. In addition, MEMS find its utilization in automotive and industrial applications, and have quickly become ubiquitous in gaming controllers, smartphones, and tablets. However, nanoelectromechanical systems (NEMS) are estimated to display the highest growth in the market, owing to their technological superiority over others.
Electronics industry contributed over 60% of the overall sensor market in 2015. The manufacturers of consumer electronic appliances are incorporating more sensors in their devices to maintain a competitive advantage. However, healthcare is expected to grow fastest growing at a CAGR of 12.6% during the forecast period, owing to advances in sensors that can increase the intelligence of medical equipment, such as life-supporting implants, and can enable remote monitoring of vital signs & other health factors.
Asia-Pacific dominated the market in 2015, accounting over 45% of the total market revenue and it is expected to maintain its dominance throughout the forecast period. This is accredited to the presence of various manufacturing facilities, ongoing R&D, high consumption, and production of electronic products where sensor is steadily utilized. Further, North America and Europe are the second and third leading regions in sensor market, and are expected to witness slow growth owing to mature electronics and IT & telecommunication industry.
Key Findings of Sensor Market Study:
- Radar sensor dominated the market in 2015 with over 18% of market share witnessing the growth rate of 9.9%.
- Image sensor is the fastest growing segment in the overall sensor market by type at present
- Among the technologies, MEMS technology held over 45% of the market in 2015 and is anticipated to lead the market throughout the forecast period.
- NEMS is estimated to display the highest growth rate of 14.2%, owing to its technological superiority such as smaller size, high precision and low power consumption of the sensors.
- Electronics industry constituted over 60% of overall sensor market in 2015 which is the largest share among all the industry verticals.
- Asia-Pacific dominated the market in 2015, accounting over 45% of the total market revenue and it is expected to maintain its dominance throughout the forecast period.
The key players in the sensor market focus on expanding their business operations in the emerging countries with new product launches through various R&D facilities. Sensor manufacturing companies are designing the efficient sensors for the electronic product manufacturers for electric vehicles, healthcare equipment, household storage, and portable electronics to launch technologically advanced products in order to increase their market share.The major players profiled in this report include STMicroelectronics N.V., NXP semiconductors N.V., Infineon Technologies AG, Qualcomm Technologies, Inc., Atmel Corporation, Texas instruments Inc., Robert Bosch GmbH, Johnson controls international PLC, Sony Corporation, and Honeywell International, Inc. among others.
Rise of Eco Friendly Technology in Hand Dryer in APAC Region Led the Hand Dryer Market to Reach $1,350 Million
Rapidly growing hospitality industry with increase in the number of restaurants, hotels, and pubs posing lucrative environment for hand dryers market. The adoption of hand dryers is expected to surge on account of requirement to meet cleanliness standards for food service industry. The automatic hand dryers are expected to witness increased demand across the world due to convenience offered while operation.
Hand Dryer Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $1,350 million by 2022. Asia-Pacific region is anticipated to exhibit robust growth owing to rapid infrastructure development and awareness about environmental benefits in the region. Food processing and service industry would continue to maintain its dominance throughout the forecast period due to need to reduce their operation expenditure.
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Factors such as technological advancement, price, and energy efficiency of hand dryers have significantly impacted the market growth. Automatic hand dryers have reduced the human interaction notably with improvement in consumer experience. Moreover, the reducing product prices facilitates their adoption across new areas such as educational institutes, office buildings, retail outlets, and public restrooms among others. However, rise in health concerns due to microbial cross-contamination and associated noise pollution issues are expected to hinder the market growth during the forecast period in some extent. Nevertheless, ongoing research and development to improve quality, energy efficiency, and reduction in noise is anticipated to increase the demand for hand dryers.
Global hand dryer market is segmented based on type, mode of operation, end user, and geography. The market is segmented into two basic types – hot hand dryer and jet hand dryer. Hot hand dryers dominate in terms of volume owing to their low cost advantages. These are being increasingly installed at public restrooms, educational institutes, shopping malls, and others. However, the jet hand dryer segment would continue to maintain their leading position in terms of revenue generation with an increase in installation at commercial complexes, airports, hotels, and restaurants. Increased focus to avoid environmental loss with minimization of paper towels in commercial premises would help to fuel the market growth.
Depending on operation mode, the hand dryers are classified into push button and automatic. Fully automatic segment constitutes the highest market share owing to better convenience and consumer satisfaction. The growth of push button hand dryers would be supported by their demand from Asia-Pacific and LAMEA regions. Major end users of hand dryers include food processing and service industry, hotels, hospital and clinics, commercial complexes, and office buildings. Food processing and service industry leads the market followed by hotels in terms of market value. Healthcare premises such as hospitals and clinics would grow at the fastest CAGR of 15.1% during the forecast period owing to increased regulations pertaining to hygiene and cleanliness.
Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America and Europe lead with more than 3/5th share owing to high living standards and increased health concerns. However, Asia-Pacific and LAMEA regions would exhibit the comparatively higher growth due to improvement in infrastructure development and growth in awareness. In particular, Asia-Pacific region would show promising growth owing to notable demand from the countries such as China, India, Japan, and South Korea among others.
Key Findings of Hand Dryer Market Study:
- Hand dryer market witness significant growth across the globe with growth in awareness about hygiene and cleanliness among the populace.
- In 2014, hot hand dryers shared nearly 70% market volume due to their cost-effectiveness as compared to jet hand dryers.
- Food processing and service industry shares nearly 1/3rd market due to their increased installation at food parks, food outlets and restaurants.
- European region constitutes the highest market share with prominent demand from UK, France, Germany, and Italy among others.
- Market players focus on product launch equipped with advanced features to meet the customer demands.
Key players profiled in the report include World Dryer Corporation, American Dryer Inc., Dyson Ltd., Palmer Fixture, Bio Jetdrier, Mitsubishi Electric Corporation, Panasonic Corporation, Hokwang Industries, Excel Dryer Inc., and JVD SAS. These players focus on product launch to improvise their market share and take leading edge on the competitors. For instance, recently in April 2016, World Dryer Corporation, a leading global high-speed hand dryer manufacturer, has launched VERDEdri as per GRAs environmental product endorsement standards. This energy-efficient hand dryer utilizes 950 watts with dry time of nearly 12 seconds.
“In developed countries such as the U.S. and U.K, eco-friendly home decor products have generated a high demand owing to the increased environment awareness. Multifunctional furniture is popular among the consumers in developing countries. Online buying of home decor products is gaining popularity, worldwide. Globally, consumers are more inclined towards buying stylish and luxury home decor products.”
Home Decor Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $664.0 billion by 2020, registering a CAGR of 4.2% during the forecast period 2015-2020. Home decor products have generated substantial demand among consumers owing to the growing consumers interest towards the concept of home decor. Asia-Pacific is the leading market, occupying around 31% of the market share followed by Europe.
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The market players are focusing on developing eco-friendly products since popularity of these products is growing among consumers, owing to rising environment awareness. Among the three key product segments; home textiles, floor coverings and furniture, floor covering segment occupied the largest share in the overall home decor market in 2014. The segment is expected to maintain its leading position throughout the forecast period, owing to the wide adoption of floor coverings in different geographical markets. In 2014, Asia-Pacific occupied the highest market share in floor covering segment. Rapid urbanization, increasing disposable income and growing/booming real estate sector in the region, are main driving forces for the growth of home decor market in the region.
The three product segments are further bifurcated into sub categories based on their type. In 2014, floor covering segment was dominated by carpets & rugs, followed by tiles. North America held the largest share in vinyl & rubber flooring segment and is expected to maintain its share during 2015-2020, owing to stringent government regulations restricting the use of hazardous floor covering materials. Additionally, low maintenance, high durability and comparatively lower price than other flooring materials, are other factors that have driven the high demand of vinyl and rubber flooring in North America.
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Geographically, APAC is the leading market for home decor products. In emerging markets such as India, China and Brazil, the residential real estate industry has witnessed a considerable growth in the recent past, thereby fostering favorable environment for the home decor market in the region. Additionally, high urbanization rate, increasing disposable income and improving life style are other important factors spurring the market growth in the region.
Key Findings of Home Decor Market:
- The global market for home decor product, is expected to grow owing to the growth in real estate industry and increasing urbanization in developing countries during the forecast period (2015-2020)
- Floor covering segment would continue to maintain its growth trend during the forecast period
- Asia-Pacific was the largest market for home decor products in 2014, owing to the high growth in real estate sector and increasing urban population in the region
Global home decor market comprises players such as Inter IKEA Group, Forbo International SA, Armstrong World Industries, Inc., Mannington Mills Inc., Mohawk Industries Inc., Shaw Industries, Herman Miller Inc., Ashley Furniture Industries, Inc., Kimball International and Duresta Upholstery Ltd. The leading players are acquiring smaller players to widen their customer base. Leading players are consistently introducing new products with a wide range of design and style in order to increase their market share. Besides this, many furniture manufacturers are partnering with interior designers to create and offer a wide range of customized furniture.