A variable frequency drive can control the frequency and voltage supplied to the AC motor. Variable frequency drives ensure optimum motion control and reduce power use. As per the latest market research report published by Technavio, the global variable frequency drives market size will grow by USD 5.11 billion during 2019–2023. Get the free sample report below for the detailed information.
A diverse range of industrial devices which are used for manufacturing or commercial purposes, are equipped with embedded technology and are part of the industrial IoT networks. The development of next-generation drives with the advanced technologies will help vendors in gaining an edge over their competitors. Technological advances enable vendors to develop advanced equipment that meets the end-user’s expectations.
In 2018, Hannover Messe Fair, Siemens unveiled a SIDRIVE IQ digital platform for evaluating drive systems. Integrating the IoT with variable frequency drive aids in controlling and monitoring devices remotely and can provide valuable feedback to the end-users, allowing them to take prompt actions. Most vendors do not provide IoT capabilities with their variable frequency drives. Hence, the advent of IoT in variable frequency drives is expected to fuel the growth of the global variable frequency drives market at a CAGR of 4.74% during the forecast period. To know the complete and in-depth analysis and forecast of this market get the complete report by clicking the link below.
The activewear apparel market size is poised to grow at a CAGR of almost 11% during the period 2020-2024, according to the latest market research report by Technavio.
The increasing emphasis on extracurricular activities and competitive sports programs is encouraging millennials to participate in athletics. North America and Europe are the regions witnessing the highest participation rates in athletics. In recent years, the participation of women in sports has been increasing at a rapid pace, especially in developing countries such as China and India. Also, a rising number of sports events and tournaments is encouraging increased participation. These factors are stimulating the demand for activewear apparel leading to the growth of the market.
As per Technavio, the increasing popularity of athleisure will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.
Activewear Apparel Market: Increasing Popularity of Athleisure
Athleisure is one of the emerging trends in the fashion industry. Athleisure mainly refers to the clothes designed for athletic activities that can also be worn to workplaces or other casual locations. The preference for athleisure apparel has been gaining momentum, especially among millennials in regions such as North America and Europe. This has led vendors operating in the market to make significant improvements in the design and quality of athleisure outfits, making the apparel more breathable, lightweight, and waterproof. Thus, the increasing popularity of athleisure will drive the growth of the activewear apparel market during the forecast period.
“Factors such as the increasing customization and rising demand for licensed sports merchandise will have a positive impact on the growth of the activewear apparel market value during the forecast period,” says a senior analyst at Technavio.
This market research report segments theactivewear apparel market by distribution channel (online and offline) and geographical regions (North America, APAC, Europe, South America, and MEA).
The North American region led the market in 2019, followed by Europe, APAC, South America, and MEA, respectively. During the forecast period, North America is expected to maintain its lead and register the highest incremental growth due to several factors such as the growing preference of consumers toward a fit and healthy lifestyle, and the presence of several vendors that offer activewear apparel and carry out extensive promotional activities.
The global online language learning market is expected to grow at a CAGR of 17.89% during the forecast period. Based on the product, the global online language learning market has been segmented into courses, solutions, and apps.
As per the scope of the report, courses include the digital content and courseware that aids in language learning. Courses are generally unidirectional and different from apps. Courses also need certain basic hardware infrastructure to be accessed. However, vendors in the global online language learning market are designing courses that are compatible with any smart gadget. However, such offerings are still in their nascent stage.
The course segment will be primarily driven by the rapid growth of self-paced e-learning in the education market. The individual end-user segment comprising students and business professionals is the key user segment of the self-paced learning methodology. The necessity of learning a foreign language is increasing with the growing number of international businesses and increasing international students. Overall, the courses segment of the global online language learning market is expected to witness an accelerating year-over-year growth rate during the forecast period.
Growing popularity of e-commerce is one of the major trends being witnessed in the globalfunctional drinks market2019–2023. Grocery items are emerging as a key category contributing to the overall share of sales through online shopping portals. Online platforms are expected to become one of the key distribution channels for the sale of functional drinks during the forecast period. For instance, in April 2018, Pervida, which produces functional beverages, launched a newly revamped website that offers products. This website provides easy access to the product related information and better online shopping experience. Also, the company’s website has a Pervida geo-locator which enables customers to find the nearest store details. Online grocery shopping is convenient for consumers, as it makes shopping easy, saves time, and offers fast delivery. Hence, it is quickly gaining momentum in the retail sector because of their fast delivery time. Offering their products online also helps small retailers and vendors in enhancing the visibility of their products. This trend is encouraging various functional drink vendors to focus on the internet-friendly customers segment and enter online retail formats. Therefore, this has been identified as a significant growth trend for the global functional drinks market.
Global functional drinks market: New product launches
Product development, improved taste, and versatility, and high levels of marketing support, will increase the demand for functional drinks. Over the last few years, vendors have been focusing on new product launches in the functional drinks market and have come up with a variety of innovative flavors, offering unique health benefits. For instance, Nestle’s coffee creamer brand, Coffee Matte expanded into RTD coffee with the launch of natural cold brew and iced coffee products in the US. The product was launched in three flavors, Iced Coffee Caramel, Cold Brew Mocha, and Cold Brew Sweet Corn. Similarly, PepsiCo launched its prebiotic juice line in three flavors that include strawberry banana, pineapple mango, and peach passion fruit. Therefore, with such innovative launches with regards to flavors and drinks, the market is expected to witness growth.
The global head and neck cancer diagnostics market size has the potential to grow by USD 3.41 billion during 2020–2024. The market’s growth momentum will accelerate throughout the forecast period.
Market Competitive Analysis
The head and neck cancer diagnostics market is currently fragmented. The degree of fragmentation will remain the same over the forecast period. The growing trend of medical tourism with respect to oncology and rising cancer research and initiatives to raise awareness about diagnostics and treatment are providing market vendors with significant growth opportunities. Olympus Corp., Siemens AG, and Varian Medical Systems Inc. are a few of the significant market participants.
Although the accelerating market growth momentum will offer immense business opportunities to vendors, frequent product recalls will challenge the growth of many. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market positions, this head and neck cancer diagnostics market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of the companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. This head and neck cancer diagnostics market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities. To know the complete and in-depth analysis and forecast of this market get the complete report by clicking the link below.
A key factor driving the growth of the market is the growing orthopedic conditions and surgical cases. Surgery is required to treat orthopedic cases. Fracture and dislocation of the lower extremity, total and partial hip replacement, and spinal fusions are some of the major orthopedic conditions that require the use of bone growth stimulation devices. Bone growth stimulation devices are used for spinal fusion following cervical and lumbar spine surgeries. These devices deliver low-intensity electrical signals to stimulate the natural bone healing process.
This market research report on the global bone growth stimulation devices market 2019–2023 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the smart applications for external bone growth stimulation devices as one of the key emerging trends in the global bone growth stimulation devices market:
Global bone growth stimulation devices market: Smart applications for external bone growth stimulation devices
Vendors are coming up with smart applications that are integrated with external bone growth stimulation devices. These applications help doctors track the progress of treatment via smartphones updates and helps them to plan follow-up protocols to achieve better outcomes.
“Smart applications also send patients daily reminders about the treatment schedule and duration of treatment. These smart applications provide user guides and other necessary information to patients for better utilization of the device and faster bone healing. Several vendors are providing smart applications for their products. For instance, Orthofix provides the STIM onTrack mobile application for its product offerings, such as Cervical-Stim and Spinal-Stim external bone growth stimulation devices,” says a senior analyst at Technavio for research on infectious and rare diseases.
Ophthalmic ultrasound, also known as ocular echography, is a quick non-invasive test used by ophthalmologists to check the structural integrity and pathology of the eye.
Technological advances in ophthalmologic diagnostic products are required for refractive error, cataract, glaucoma, and vitreoretinal diagnoses. B-scan ultrasonography is an important adjuvant for a clinical assessment for various ocular and orbital diseases. As per the latest market research report published by Technavio, the global ophthalmic ultrasound devices market size will grow by over USD 518 million during 2019–2023. Get the free sample report below for the detailed information.
The detection of posterior vitreous detachment in opaque ocular media by B-scan ultrasound is well-known. Hence, companies are focusing on developing both A-scan and B-scan ultrasound system for ultra-high performance.
For instance, Ellex Medical Lasers have developed Eye Cubed, which provides customized configuration of A-scan and B-scan modes that cover all the diagnostic ultrasound needs for both posterior and anterior segments of the eye. The product is also integrated with 40 MHz UBM mode, which provides a clear view of the anterior structure of the eye. Hence, technological advances will drive the growth of the global ophthalmic ultrasound devices market at a CAGR of 6.04% during the forecast period. To know the complete and in-depth analysis and forecast of this market get the complete report by clicking the link below.
Yerba mate refers to a plant species that belongs to the holly genus. Yerba mate-based beverages are growing in popularity as an alternative to other plant-based beverages, such as tea and coffee. Yerba mate cultivation is prevalent in South American countries, such as Argentina, Uruguay, Paraguay, and South Brazil. As per the latest market research report published by Technavio, the global yerba mate market has the potential to grow by USD 224.97 million during 2019-2023, and the market’s growth momentum will accelerate throughout the forecast period.
The main factor driving the growth of the global yerba mate market size is the increasing consumer awareness about the health benefits of yerba mate. Yerba mate is a rich source of polyphenols, saponins, and xanthines. It is also rich in minerals such as potassium, copper, zinc, aluminum, and manganese and contains vitamins B1, B2, and C. Such health benefits of yerba mate are increasing its preference among consumers. This is expected to fuel market growth during the forecast period.
Yerba mate drinks are witnessing increased adoption as premium, exotic beverages, particularly in the US and Western European countries. Cafes and coffee shop chains have evolved from simple purchase points for coffee for consumers to social hangout destinations over the past few years. Subsequently, coffee shop outlets, such as Portenas Mate Bar (US), are placing significant emphasis on expanding their portfolio of beverages.
Popular cafes are generally themed to highlight South American culture and focus on introducing South American cuisine to local consumers. The rising demand for alternative caffeine sources has aided the popularity of yerba mate drinks in recent years. Hence, increasing on-premise sales of yerba mate beverages in North America will boost the growth of the global yerba mate market at a CAGR of 3.64% during the forecast period.
The global hair styling products market to grow at a CAGR of over 5% during the forecast period, according to their latest market research report. Evolving consumer expectations is one of the major trends being witnessed in the global hair styling products market 2019-2023. Manufacturers, retailers, and other players in the value chain are improving their products and services due to evolving consumer expectations which is helping the global hair styling products market to grow.
At present, consumers seek good-quality products that are safe for use as beautification has become an utmost important concern for consumers. The dry shampoo segment is dominating the hair styling products market due to the wide variety of products. Consumers seek dry shampoo that is either free from harmful chemicals or made of natural ingredients. Salons and spas and medical clinics examine the condition of hair and offer advice. They also guide on hair care and the best products.
The key factors contributing to the growth of the global hair styling products market is the innovation and portfolio extension leading to product premiumization:
Global hair styling products market: Innovation and portfolio extension leading to product premiumization
With the growing competition and customer demand for innovative products, vendors have actively started focusing on bettering their R&D operations. Additionally, they have also been focusing on differentiating themselves from pharmaceutical companies. To that end, their investment in innovating ingredients and technologies is rising. Customers usually look for hair styling products that can address concerns pertaining to multiple hair-related issues in minimal time.
To meet these customer needs, vendors regularly innovate their product ranges and expand their product lines. In addition, the growing purchasing power and increasing disposable income have helped increase customer spending on hair care products, especially on premium hair care products. Therefore, higher product premiumization and product line extension, coupled with growing customer expenditure on beauty products (including hair styling products), will further strengthen value sales in the global hair styling products market.
According to a senior analyst at Technavio for research on cosmetics and toiletry, “Apart from product premiumization, factors such as the growing demand for natural and organic hair care products is boosting the growth of the market. As awareness of hair and skin-related problems caused by synthetic hair-styling products has pushed up the demand for natural and organic hair styling products. Organic hair styling products are free from harmful ingredients such as petrochemicals. sulfates, and ammonia. These organic hair styling products adhere to high standards of purity set by various governing bodies of different countries. Thus, with such advantages, the market is expected to have a positive outlook during the forecast period.”
Global hair styling products market: Segmentation analysis
The global hair styling products market research report provides market segmentation by product (hair styling spray, dry shampoo, other hair styling products) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.The EMEA region held the largest share of the market in 2018, accounting for close to 36% share, followed by the Americas and APAC respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth.
The global women intimate care products market is expected to grow at a CAGR of 3.38% during the forecast period. Based on the distribution channel, the global women intimate care products market has been segmented into offline and online. As per the latest market research report published by Technavio, global women’s intimate care products market size has the potential to grow by USD 299.26 million during 2020–2024. Get the free sample report below for the detailed information.
The revenue of the offline distribution channel has been declining gradually over the years because of the high preference for online shopping. Players are expanding their stores in local and regional markets to fuel the sales through offline channels. Manufacturers of intimate care products sell their products through specialty stores and other retailing formats. Retailers are introducing new business and retail strategies, including better pricing strategies and wider product assortments, to combat the competition in the market and the declining preference for offline shopping.
Vendors are trying to increase sales through the offline channel by widening their operations at different locations. This is helping them to sell products efficiently and cater to each consumer category in large geographic areas. The growth of retail channels in different cities and regions will drive customer familiarization with different types of intimate care products available in the market. It will also increase the value sales of the global women intimate care products market during the forecast period. To know the complete and in-depth analysis and forecast of this market get the complete report by clicking the link below.
Market Analysis Insights 