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Global Snack Food Products Market Size To Grow At A CAGR Of 2.80% In The Forecast Period Of 2023-2028

The ‘Global Snack Food Products Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global snack food products market, assessing the market on the basis of its segments like type, distribution channels, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Snack Food Products Market Size, Share, Price, Trends, Growth, Key Players, Report and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2022): USD 1,490.6 billion
• Forecast CAGR (2023-2028): 2.80%
• Forecast Market Size (2028): USD 1,759.22 billion

The increasing demand for clean-labelled snack food products, owing to their easy accessibility, changing lifestyles, and rising disposable income, is driving the snack food products market. The growing popularity of convenience snack food products with high nutrition, among the working population, is further adding to the market growth. The increasing awareness pertaining to the benefits offered by snack food products and their role as energy boosters is further fuelling the product’s demand.

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Over the forecast period, the anticipated increase in the sale of snack food products with added nutrients and vitamins, such as frozen fruits and veggies, low fat yogurt, and hummus, among others, are expected to bolster the growth of the market for snack food products. The increasing demand for frozen snacks, such as ice-cream, bread, pizza, sausage, and chicken breast, among others, in households, owing to the long shelf life of the products, is expected to expand the market revenue in the coming years. Furthermore, the rising standards of living and rapid urbanisation across the developing economies are likely to add to the snack food products market growth by easing their accessibility.

Snack Food Products Industry Definition and Major Segments

Snack food products refer to the food items which are taken in small amounts usually in between heavy meals. Snack food products are available everywhere and come in a variety, such as potato chips, nachos, corn, and bagels, among others. These are usually ready-to-eat or can be quickly and easily prepared.

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Based on type, the market is segmented into:

• Frozen Snacks
• Savoury Snacks
• Fruit Snacks
• Confectionery Snacks
• Bakery Snacks
• Others

By distribution channels, the market is divided into:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online
• Others

On the basis of region, the market is categorised into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Snack Food Products Market Trends

The key trends in the global snack food products market include the innovations in marketing strategies by key market players owing to the increasing number social media users. Rising investments towards advertising and short video production across social media platforms are attracting a great number of consumers every year.

Growing innovations in the preparations, leading to the addition of proteins, carbs, and various vitamins and minerals in snack foods, coupled with the increasing investments towards high-quality packaging are leading to enhanced customer retention. The thriving e-commerce sector is also a crucial trend in the snack food products market. Emergence of quick grocery delivery applications that can be accessed form smartphone, is fuelling the sale of bakery snacks, fruit snacks, and savoury snacks, among others.

In geographical terms, Asia Pacific accounts for a significant share in the market. This can be attributed to the large populations of snack food consumers across emerging economies such as India and China. Youth in particular are experimenting with various types of snack foods that they can fit into their busy schedules. Rising popularity of seafood snacks across Japan and South Korea is further expanding the market opportunities.

Key Market Players

The major players in the global snack food products market report are:

• General Mills Inc.
• PepsiCo, Inc.
• Nestle S.A
• Kellogg Company
• Conagra Brands, Inc.
• Mondelez International
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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South Korea Airless Tyres Market Size To Grow At A CAGR Of 5.50% In The Forecast Period Of 2023-2028

The ‘South Korea Airless Tyres Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the South Korea airless tyres market, assessing the market on the basis of its segments like types, materials, vehicle types, sales channels, and rim sizes.

South Korea Airless Tyres Market Size, Share, Price, Trends, Growth, Key Players, Report and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2022): USD 1.23 million
• Forecast CAGR (2023-2028): 5.50%
• Forecast Market Size (2028): USD 1.70 million

Airless tyres cannot get punctured, there is no requirement of a spare tyre, can reduce emission of greenhouse gases, and do not need frequent replacement. In addition, these tyres can increase the load bearing capabilities of a vehicle while getting engaged in challenging terrains. Hence, these tyres are ideal for a wide range of vehicles, including passenger and commercial vehicles, utility vehicles, two wheelers and military vehicles. The increasing military expenditure across South Korea is bolstering the demand for airless tyres.

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Over the forecast period, the anticipated increase in demand for airless tyres in passenger and commercial vehicles, is expected to fuel the South Korea airless tyres market. Increasing standards of living, rapid urban development across cities like Seoul and Busan, and rising per capita income are further propelling the automotive sector and demand for airless tyres.

The toughness and convenience offered by these tyres make them ideal for the transportation sector. In this regard, airless tyres are expected to replace conventional tyres in buses, trucks, cabs, and vans. Furthermore, the South Korea airless tyres market is expected to be garnered by the increasing awareness about the benefits offered by these tyres. The ease of availability of raw materials and strong collaborations between the automotive players are also expected to expand the opportunities for the airless tyres market in South Korea in the coming years.

South Korea Airless Tyres Industry Definition and Major Segments

Airless tyre, also known as non-pneumatic tyre, is a type of tyre which does not need to be supported by atmospheric pressure. These tyres are durable which enable efficient manoeuvrability. The structures of these tyres can be varying which can alter the stiffness and load bearing capacity of the specific vehicle.

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Based on type, the market is bifurcated into:

• Radial
• Bias

By material, the market is segmented into:

• Rubber
• Plastic

On the basis of vehicle type, the market is divided into:

• Military Vehicle
• Passenger and Commercial Vehicles
• Utility Vehicles
• Two Wheelers
• Others

Based on sales channels, the market is segmented into:

• OEM
• Aftermarket

By rim size, the market is divided into:

• Less Than 15 Inches
• 15 to 20 Inches
• More Than 20 Inches

South Korea Airless Tyres Market Trends

The key trends in the South Korea airless tyres market include the technological advancements in the automotive and military and defence sector leading to a rapid growth of new energy vehicles, further supported by the strong foothold of major vehicle manufacturers in the country. Advancements in transportation and automotive infrastructure aimed towards developing fuel efficient and eco-friendly vehicles are also extensively utilising airless tyres, increasing the demand for the market. The stringent regulations of the government formed to curb the emission of greenhouse gases are expected to lead to a transition from conventional to airless tyre-based vehicles.

Growing research and innovations by major automotive manufacturers to improve shock absorption and load bearing capabilities of vehicles are crucial trends in the South Korea airless tyres market. Moreover, these designs and framework advancements are expected to increase customer loyalty and awareness. Over the forecast period, airless tyres are likely to witness a heightened demand in commercial applications owing to the cost-cuttings and energy efficiency achieved.

Key Market Players

The major players in the South Korea airless tyres market report are:

• Bridgestone Corporation
• Michelin Group
• Kumho Tire Co., Inc.
• Nexen Tire Corporation
• Continental AG
• Sumitomo Rubber Industries, Ltd.
• Hankook Tire Co., Ltd.
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Global Pet Insurance Market Size To Grow At A CAGR Of 15.30% In The Forecast Period Of 2023-2028

The ‘Global Pet Insurance Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global pet insurance market, assessing the market on the basis of its segments like policy coverage, animal type, sales channel, and major regions.

Pet Insurance Market Size, Share, Trends, Industry, Key Player, Report and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2022): USD 8.1 billion
• Forecast CAGR (2023-2028): 15.30%

The increasing awareness about the benefits of getting reliable pet insurance, increasing enthusiasm of owning a pet, growing availability of different pet breeds, and rising standards of living are some of the critical market driving factors for pet insurance. Growing efforts targeted at boosting animal welfare infrastructure across the developing economies are further spreading awareness about pet insurance schemes.

The increasing prevalence of chronic diseases among pets is a crucial pet insurance market driving factor. Diseases such as parvo virus, canine distemper, canine influenza, and Leptospirosis, among others, are common diseases among dogs. Moreover, cats are susceptible to road accidents which is a major concern among the owners.

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The increasing animal healthcare costs and escalating hospitalisation fees are encouraging the adoption of pet insurance schemes. In addition, the increasing expansion of veterinary hospitals, clinics, and diagnostic centres are further accelerating the pet insurance market growth. Among millennials Increasing cases of stress, anxiety, and depression are bolstering pet sentiment, leading to a greater emphasis on pet companionship. In this regard, the spending of pet owners on their adopted animals are expected to increase significantly in the coming years.

Pet Insurance Industry Definition and Major Segments

Pet insurance refers to specific insurance policies that pet owners can take for their pets to off-set costs for expensive veterinary bills. The pet insurance coverage provides a complete or partial medical coverage, reducing sudden financial burdens upon pet owners. The nature of pet insurance depends upon the pet species, region, provider, and coverage type.

Based on policy coverage, the market can be segmented into:

• Accident Only
• Accident and Illness
• Others

On the basis of animal type, market is divided into:

• Dogs
• Cats
• Others

By sales channel, the market has been segmented into:

• Agency
• Broker
• Bancassurance
• Others

On the basis of region, the market can be categorised into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Pet Insurance Market Trends

The key trends in the global pet insurance market include the technical upgradations and advancements in veterinary medicine, drugs, and treatments which are increasing the cost of care, leading to greater spending on pet welfare and health. Increasing efforts by the young population towards animal rescue and adoption, supported by favourable regulations by various governments are further providing impetus to the market. In line with this, the growing development of veterinary facilities across rural and semi-urban areas is further expanding the market opportunities.

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The easy accessibility of information on online web portals regarding pet insurance, providing data about new scheme launches, pet welfare companies, and banks, are further improving the pet insurance market dynamics. Over the forecast period, the anticipated increase in dog population is likely to aid the market.

In geographical terms, Latin America holds a decent share in the market. The rising pet population and pet companion sentiment, infused by the high abandonment rates across some areas, are fuelling the growth of the market for pet insurance. Meanwhile, Europe is expected to witness a steady growth in the forecast period, due to the encouraging policies by various governments towards animal welfare.

Key Market Players

The major players in the pet insurance market report are:

• Embrace Pet Insurance Agency, LLC
• Figo Pet Insurance, LLC
• Crum & Forster Pet Insurance Group
• Pets Best Insurance Services, LLC
• Trupanion, Inc.
• MetLife Services and Solutions, LLC
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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South Korea Vegan Chocolate Market Size To Grow At A CAGR Of 13.6% In The Forecast Period Of 2023-2028

The ‘South Korea Vegan Chocolate Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the South Korea vegan chocolate market, assessing the market on the basis of its segments like product, flavour, and distribution channel.

South Korea Vegan Chocolate Market Size, Share, Trends, Industry, Key Player, Report and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 13.6%

The South Korea vegan chocolate market has been observing a significant rise owing to the growing lactose-intolerant population and rising demand for sustainable and clean labelled food products. Due to the presence of a significant lactose intolerant population in South Korea more manufacturers are investing in research and development activities to develop suitable alternative chocolate products to fulfil the needs of the consumers.

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Vegan chocolates are now popularly used in the preparation of desserts, dishes, and beverages in South Korea due to the health benefits associated with the vegan chocolates. They help in improving the health of consumers as they contains sufficient amount of Vitamin E, copper, and magnesium which are known to strengthen the natural defences of the body, ensure a supply of oxygen to the blood cells, and improve blood flow. Moreover, the role of vegan chocolates in lowering bad cholesterol and improving blood pressure are further encouraging consumers to adopt vegan chocolates.

Both Generation Z and Millennials are including vegan chocolates in their diets owing to the rising awareness regarding cruelty towards animals and the need to contribute towards environmental sustainability goals. Due to rising awareness and internet penetration people are becoming aware and empathic towards animals thereby helping in the growth of the South Korea vegan chocolate market.

South Korea Vegan Chocolate Industry Definition and Major Segments

Vegan chocolate is a type of chocolate that is prepared using plant-based products without the use of animal-derived products such as honey, eggs, and dairy products. Vegan chocolate is considered to be a safe and healthy product due to the presence of fewer calories and fats. It includes cacao, and the health benefits offered by it.

Based on product, the market can be segmented into:

• Dark Chocolate
• White Chocolate
• Others

On the basis of flavour, the market can be classified into:

• Caramel
• Brown Butter
• Lavender
• Coconut Milk
• Others

Based on distribution channel, the market can be divided into:

• Hypermarkets and Supermarkets
• Convenience Stores
• Specialty Stores
• Online
• Others

South Korea Vegan Chocolate Market Trends

The key trends in the South Korea vegan chocolate market include the rising number of factories and expansion of product ranges by manufacturers to increase the overall production rate which is thereby expected to fuel the growth of the market in the country. Further plans to establish separate plants for the production of vegan products, and various initiatives by the South Korea government to conduct awareness campaigns to promote veganism by sponsoring food events and supporting start-ups is expected to enhance the growth of the South Korea vegan chocolate market in the forecast period.

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Increased consumption of vegan chocolate products such as protein bars by health enthusiasts like sports persons, gym trainees, and marathon runners is also improving the growth of the vegan chocolate market in South Korea. Due to rising disposable income and improved standards of living, people are able to afford premium vegan chocolates thereby contributing to the growth of the South Korea vegan chocolate market.

Manufacturers in South Korea are increasingly adopting the trend of sustainable packaging which also helps them reduce their ecological footprint and environmental impact. These packaging styles attract a large number of consumers especially those that are environmentally conscious, encouraging them to purchase products.

Key Market Players

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of the key market players.

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Global Modular Data Centre Market Size To Grow At A CAGR Of 15.20% In The Forecast Period Of 2023-2028

The ‘Global Modular Data Centre Market Price, Share, Size, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global modular data centre market, assessing the market on the basis of its segments like component, organisation size, industry vertical, and major regions.

Modular Data Centre Market Size, Share, Trends, Industry, Key Player, Report and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 15.20%

Modular data centres are observing a rise in demand from consumers globally owing to their features such as their ability to provide power-efficient solutions, smart management, effective cooling, and small footprints which are subjected to fuel the growth of the modular data centre market. They also are capable of rapid deployment and require less time for their assembly making it highly preferrable among various organisations. A modular data centre also offers great value because of its ability to conserve energy and provide environmental and sustainability benefits.

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In the coming years, modular data centres are expected to observe a growing demand from the healthcare and media and entertainment sectors which are widely adopting these solutions. In the healthcare sector, modular data centres are facilitate increased confidentiality by encrypting and securing data, improve the efficiency of electronic health records, and support targeted accessibility.

In the media and entertainment industry, modular data centres ensure that connectivity and high performance are reliably delivered to audiences. They help in cost control, improve business responsiveness, consume less power, and provide high efficiency. BFSI applications of modular data centres are expected to significantly contribute to the growth of the modular data centre market due to their need for greater security of data and assets.

Modular Data Centre Industry Definition and Major Segments

A modular data centre is a form of a portable data centre that is capable of providing full data centre capabilities in a modular format. It utilises standardised, reliable, and stable components that are needed to supply data centre capacities such as networking environments, storage, scalable data capacity, and servers. It provides shared access to data and applications using a complex network, storage infrastructure, and devices.

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Based on component, the market can be segmented into:

• Solutions
• Services

On the basis of organisation size, the market can be bifurcated into:

• Small and Medium Enterprises
• Large Enterprises

Based on industry vertical, the market can be divided into:

• BFSI
• IT and Telecommunication
• Media and Entertainment
• Healthcare
• Government and Defence
• Retail
• Manufacturing
• Others

On the basis of region, the market can be classified into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Modular Data Centre Market Trends

The key trends in the global modular data centre market include the growing adoption of cloud-based storage solutions and services, driven by the increasing usage of online platforms. The growing number of internet users are leading to the generation of large volumes of data due to which organisations are implementing optimised data centre solutions for better efficiency and uninterrupted service.

Various government organisations are taking actions and initiatives to develop infrastructures for data centre and cloud solutions in order to increase the security of data. The growing momentum of new technologies such as Internet of Things, automation, and digitalisation across various industries is further increasing the need for localised processing power near equipment, users, and machines. This need for localised processing power can be met with modular data centres, thereby increasing their demand.

North America is anticipated to account for a larger share in the modular data centre market owing to the growing investments by the governments in the region and strong presence of key players supporting the development of advanced data centres. A significant number of cloud service providers are also available in North America, increasing the investments in modular data centres. Early adoption of modular data centres by a large number of organisations in North America and the presence of key market players have together further escalated the growth of the modular data centre market.

Key Market Players

The major players in the global modular data centre market report are:

• CommScope Inc.
• Dell Inc.
• Hewlett Packard Enterprise Development LP
• Baselayer Technology LLC
• Vertiv Group Corp.
• Iron Mountain Incorporated
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Global Mobility Devices Market Size To Grow At A CAGR Of 6.70% In The Forecast Period Of 2023-2028

The ‘Global Mobility Devices Market Price, Size, Share, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global mobility devices market, assessing the market on the basis of its segments like product, end-user, and major regions.

Mobility Devices Market Size, Share, Trends, Industry, Key Player, Report and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 6.70%

Mobility devices are widely used by geriatrics who tend to become weaker with age and thereby seek support for movement and performing day-to-day physical tasks. In such cases, mobility devices help the aged maintain their independence and flexibility of movement. Therefore, increasing ageing population is expected to drive the growth of the mobility devices market.

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Rising cases of accidents and disability are further bolstering the mobility devices market. Mobility impairment has also become prevalent among people all around the globe. Cases of arthritis, muscular dystrophy, spinal cord injuries, chronic pain, and cerebral palsy is commonly found among all ages worldwide increasing the demand for advanced mobility devices. The growing prevalence of road accidents, falls, and sports injuries may also result in a temporary need for a mobility device so that injuries are not strained during the healing process.

The availability of a variety of mobility devices such as walkers, rollators, wheelchairs, and scooters, among others, provide people with mobility issues numerous options to choose from. Based on personal preference and medical need, a particular mobility device may be more suitable than others. Development of new mobility devices that are lightweight, strong, and able to navigate difficult terrains are likely to catalyse the market in the coming years.

Mobility Devices Industry Definition and Major Segments

A mobility device or mobility aid is a piece of equipment used to help in the mobility of the disabled individuals or those facing difficulty in movement, providing with a greater access to movement. There are various types of mobility devices such as canes, wheelchairs, walkers, rollators, and mobility scooters. These devices prevent strain on the individual, help in movement, and provide safety, increasing their independence.

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Based on product, the market can be segmented into:

Walking Aids
- Rollators
- Others
Wheelchairs
- Powered
- Manual
Scooters
Others

On the basis of end-user, the market can be classified into:

Hospitals and Clinics
Long Term Care Centres
Homecare
Others

Based on region, the market can be categorised into:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Mobility Devices Market Trends

The key trends in the global mobility devices market include the rising demand for technologically advanced mobility devices due to prevalence of chronic diseases which could ether be a result of an injury, accident, or congenital. Several key players are conducting increased research and development activities to improve the comfort and mobility of patients with improved mobility devices.

Introduction of new mobility devices such as lightweight wheelchairs, automated rollators, and transfer lifts are supporting the expansion of the market for mobility devices, and are expected to support market growth in the forecast period as well. Due to growing prevalence of accidents, congenital deformities, and mobility dependence, the demand for wheelchairs has increased. Advancements in wheelchairs and lowered costs will largely help in the growth of the market in the middle-, and low-income regions as well.

North America has held a large share in the mobility devices market owing to the presence of a number of patients suffering from mobility impairment disorders and also due to growing geriatric population in the region. Major key players present in countries such as the United States are engaged in the development and distribution of the mobility devices which is expected to further enhance the growth of the market.

Key Market Players

The major players in the global mobility devices market report are:

• Invacare Corporation
• Ottobock
• Sunrise Medical
• Pride Mobility Products Corporation
• Permobil Inc.
• MEYRA GmbH
• GF Health Products Inc.
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Global Fuel Station Market Size To Grow At A CAGR Of 3.4% In The Forecast Period Of 2023-2028

The ‘Global Fuel Station Market Trends, Share, Price, Growth, Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global fuel station market, assessing the market on the basis of its segments like fuel, end user, and major regions.

Fuel Station Market Size, Share, Trends, Industry, Key Player, Report and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 3.4%

The increasing demand for passenger and commercial vehicles, amidst the growing disposable income and rapid urbanisation, is propelling the growth of fuel stations. In addition, the thriving transportation industry is escalating the sale of buses, trucks, and vans, which is further pushing the fuel station market growth.

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Fuel stations are using modern payment systems such as QR codes and credit/debit cards as options which is increasing the flexibility. New era fuel stations have convenience stores where consumers can purchase items such as food and travel items, encouraging customers to visit. Moreover, the rising standards of fuel stations across the emerging economies are further improving the market dynamics.

With an increasing number of vehicles plying the roads, both private and commercial, there has been rapid development of fuel stations across rural and semi-urban areas. Over the forecast period, the anticipated increase in disposable income of the rural population, coupled with the increasing expansion of fuel brands, is expected to support the development of fuel stations.

The fuel station market is expected to be boosted by the robust growth of small domestic fuel station chains aimed towards meeting the domestic fuel demand amidst the thriving automotive industry. Furthermore, the increasing investments in modern fuel stations including automated pumping, brighter lighting systems, flexible payment modes, and innovative advertising, are some of the factors augmenting the market growth.

Fuel Station Industry Definition and Major Segments

A fuel station, also known as a petrol station, gas station, service station, or filling station, is a retail outlet which sells motor vehicle fuel to vehicle owners. Fuel stations provide various fuels including diesel, petrol, gasoline, kerosene, and ethanol, among others. The main components of a fuel station include gas pumps, pipelines, metal barriers, and drainage systems.

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Based on fuel, the market can be segmented into:

• Diesel
• Gas
• Gasoline
• Others

On the basis of end user, the market is divided into:

• Air Transport Vehicles
• Road Transport Vehicles
• Water Transport Vehicles

Based on region, the market can be categorised into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Fuel Station Market Trends

The key trends in the global fuel station market include the growing expansion of the aviation sector which is escalating the incorporation of advanced commercial aircrafts. In addition, the increasing domestic and international travellers, business tourers, and recreational tourists, among others, are leading to an increase in flying hours.

Rapid development of sea vehicles is another crucial trend which is escalating the number of water transport vehicle visiting fuel stations. Additionally, the increasing naval expenditure across sovereign military superpowers is generating a high demand for water transport fuel, in turn providing impetus to the global fuel station market.

The increasing research and development aimed towards improving the quality of fuel stations, coupled with favourable policies by various governments targeted towards pushing the growth of government owned fuel stations are some of the crucial market propelling factors.
In geographical terms, Asia Pacific holds a significant share in the market, driven by the growing expansion of renowned international brands across emerging economies such as Malaysia, India, and China. The increasing demand for passenger vehicles across the region is boosting the demand for fuel.

Key Market Players

The major players in the fuel station market report are:

• Shell plc
• BP p.l.c.
• TotalEnergies SE
• Exxon Mobil Corporation
• China National Petroleum Corporation
• CNOOC Limited
• Aldrees Petroleum & Transport Services Co.
• ENOC Company
• Phillips 66 Company
• Indian Oil Corporation
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Global Electro-Optical/Infrared (EO/IR) Systems Market Price, Size, Share, Trends, Outlook, Analysis, Report And Forecast 2023-2028

According to the report by Expert Market Research (EMR), the Global Electro-Optical/Infrared (EO/IR) Systems Market Size reached a value of USD 15.07 billion in 2022. Aided by the escalating demand for advanced surveillance systems and the expanding applications of EO/IR technologies across various sectors, the market is projected to further grow at a CAGR of 3.7% between 2023 and 2028 to reach a value of USD 18.88 billion by 2028.

Electro-optical/infrared systems are crucial components used in surveillance, reconnaissance, and targeting applications. They play an integral role in various sectors, including defence, homeland security, and commercial industries. These systems leverage thermal imaging and laser range-finding technologies to facilitate superior monitoring, detection, and tracking operations.

The escalating demand for advanced surveillance systems is a significant factor driving the global electro-optical/infrared (EO/IR) systems market growth. With the growing need for enhanced national security and surveillance in the face of geopolitical conflicts and increasing instances of cross-border disputes, there has been a substantial rise in the demand for EO/IR-based systems. These systems provide superior reconnaissance and target acquisition capabilities, bolstering their adoption in defence and security applications.

Moreover, the rising trend of modernising military equipment has further amplified the demand for EO/IR systems. These technologies offer enhanced situational awareness, precise target tracking, and high-resolution imagery, making them indispensable for modern warfare and military operations.

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The burgeoning applications of EO/IR systems in various industries also contribute significantly to the electro-optical/infrared (EO/IR) systems market expansion. In the commercial sector, these systems find increasing usage in search and rescue operations, wildlife observation, and infrastructure monitoring. The burgeoning aerospace industry employs EO/IR systems for weather monitoring and aircraft navigation, further fuelling market growth.

Furthermore, advancements in EO/IR technologies, including the development of multispectral and hyperspectral imaging systems, are anticipated to propel the electro-optical/infrared (EO/IR) systems market growth. These advanced systems provide higher image resolution and improved target detection capabilities, expanding their application scope across diverse sectors.

The rise in the unmanned aerial vehicle (UAV) market is also a critical factor in promoting the electro-optical/infrared (EO/IR) systems market development. These systems are integral components of UAVs, providing surveillance, target tracking, and terrain classification capabilities. The growing use of UAVs for military, commercial, and recreational applications is expected to boost the demand for EO/IR systems.

Electro-Optical/Infrared (EO/IR) Systems Market Segmentation

The market can be divided based on technology, sensor technology, imaging technology, wavelength, platform, end use, and region.

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Market Breakup by Technology

Cooled
Uncooled

Market Breakup by Sensor Technology

Scanning Sensor
Staring Sensor

Market Breakup by Imaging Technology

Multispectral
Hyperspectral

Market Breakup by Wavelength

Ultraviolet
Short Wavelength Infrared
Medium Wavelength Infrared
Long Wavelength Infrared
Near Infrared

Market Breakup by Platform

Land
Airborne
Marine/Naval

Market Breakup by End Use

Military
Commercial

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Key Market Players

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global electro-optical/infrared (EO/IR) systems companies. Some of the major key players explored in the report by Expert Market Research are as follows:

Raytheon Technologies Corporation
Lockheed Martin Corporation
Thales Group
Northrop Grumman Corporation
BAE Systems PLC
Rheinmetall AG
L3Harris Technologies, Inc.
Others

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MICE Industry Market Size Is Expected To Grow At A CAGR Of 6.80% During The Forecast Period Of 2023-2028

According to the report by Expert Market Research (EMR), the Global MICE Industry Market Size reached a value of USD 733.8 billion in 2022. Aided by the increased globalisation of businesses and the emergence of virtual platforms, the market is projected to further grow at a CAGR of 6.80% between 2023 and 2028 to reach a value of USD 1081.8 billion by 2028.

The MICE industry comprises a range of activities surrounding the organisation and management of business-related events, including corporate meetings, industry conferences, trade exhibitions, and incentive programs. These events play a vital role in business development, networking, knowledge exchange, and brand promotion. Beyond its direct applications, the MICE industry also significantly contributes to other sectors, such as hospitality, travel, and tourism, reinforcing its position as a key driver of economic growth.

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The surge in global business activities is one of the primary drivers of the MICE industry market growth. As companies expand their operations across borders, there is an escalating demand for platforms that facilitate interaction, negotiation, and partnership. This has led to a significant rise in international meetings, conferences, and exhibitions, thereby driving the growth of the MICE industry.

Moreover, the increased emphasis on employee engagement and retention strategies in the corporate world has boosted the demand for incentive programs, which are a significant component of the MICE industry. These programs, often characterised by group travel and experiential activities are increasingly being leveraged by businesses to reward and motivate their employees, further fuelling MICE industry market development.

The burgeoning adoption of digital technologies has also played a crucial role in propelling the MICE industry. Virtual and hybrid event platforms have emerged as a versatile solution for organising meetings and conferences, particularly in the face of travel restrictions and safety concerns brought about by situations like the COVID-19 pandemic. These digital platforms offer numerous advantages such as wider reach, cost-effectiveness, and convenience, making them a preferred choice for many businesses, aiding the MICE industry market growth.

Additionally, the rise of sustainable and eco-friendly practices in event management has led to an increased focus on ‘Green MICE’, a trend that is expected to gain traction in the coming years. With an increasing number of businesses prioritising sustainability, the demand for eco-friendly venues, practices, and services within the MICE industry is expected to rise, thereby contributing to the MICE industry market expansion.

MICE Industry Market Segmentation

The market can be divided based on event type and region.

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Market Breakup by Event Type

Meetings
Conferences
Exhibitions
Incentives

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Key Market Players

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global MICE industry companies. Some of the major key players explored in the report by Expert Market Research are as follows:

IMC International
MICE International
CSI DMC
360 Destination Group
Capita plc
Creative Group, Inc.
Meetings & Incentives Worldwide
ITA Group, Inc.
Maritz Holdings Inc.
The MICE Company
Others

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Global Baby Dryer Market Size To Increase At A CAGR Of 5.4% In The Forecast Period Of 2023-2028

The ‘Global Baby Dryer Market Trends, Share, Price, Size, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global baby dryer market, assessing the market on the basis of its segments like quality, product type, distribution channel, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Baby Dryer Market Share, Price, Trends, Growth, Key Players, Report and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

Forecast CAGR (2023-2028): 4%

The baby dryer market is being driven by the rising population and surging demand for baby products that are conveniently available and easy to use. The increasing use of baby products which offer high-quality care as well as are hassle free are expected to boost the market for baby dyer further in the forecast period. Changing parenting dynamics with more working mothers are increasing the demand for time-saving products like baby dryer machines, bottle sterilisers, and drying racks, among others. The rising awareness of the importance of washing baby bottles daily are also bolstering the market for baby dryers.

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The penetration of smartphones and internet are continuing to rise, resulting in the substantial growth in online shopping. The growing number of users that are switching to online platforms to purchase products are likely to aid the growth of the baby dryer market. Various types of baby dryer products are available online for parents and friends and family to choose from. The increasing number of customers preferring online shopping due to wide range of product availability, affordability, offers, and convenience is anticipated to play an important role in the market for baby dryer during the forecast period.

Baby Dryer Industry Definition and Major Segments

Baby dryer refers to products that are used to dry and keep baby products warm, these help in saving time while also preventing any bacteria from infecting the baby products. There are a lot of baby drying products in the market like hair dryer, bottle dryer, bottle drying rack and more. Some baby dryers are commonly used on a daily basis such as for drying bottles after cleaning.

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On the basis of quality, the market is bifurcated into:

Standard
Premium

Based on product type, the market is classified into:

Baby Wipes
Hair Dryer
Clothes Drying Stand
Bottle Drying Rack
Others

On the basis of distribution channel, the market is segmented into:

E-Commerce
Supermarkets or Hypermarkets
Convenience stores
Others

Based on region, the market is divided into:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Baby Dryer Market Trends

A key trend in the baby dryer market is the increasing demand for eco-friendly products which are attracting many consumers. Many parents are shifting towards the use of sustainable baby wipes because of rising awareness for biodegradable and safe for environment products. This growing inclination towards eco-friendly products is expected to remain a key trend of the market in the forecast period. The switch towards green baby wipes and products are beneficial for the environment as well as the consumers due to the easy nature of disposing them off as they are typically made flushable.

The increasing importance of washing and adequately drying baby bottles on a daily basis is another key trend in the baby dryer market. Rising awareness levels among parents are heightening the importance of daily bottle washing to prevent the build-up of germs and any other materials that can harm babies. The usage of baby bottles is surging globally with an increase in usage of baby formula and pumping of breast milk so that it can also be fed through bottles. Specialised bottle drying racks are available for different types of bottles, number of bottles, and with features such as built-in sanitising, which are expected to bolster the market for baby dryer further.

Key Market Players

The major players in the global baby dryer market report are Wowkido, LLC., Grownsy, Koninklijke Philips N.V., Baby Brezza, and Mayborn, USA, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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