Portable Air Cooler Industry Share, Status and Forecast 2020 to 2024

There are different types of portable air coolers available in the market. The demand for portable air coolers relies on the preference of customers which are based on product features, properties, and appearance. Market players are offering a variety of portable air coolers with different designs and cooling capacity which provides customers a range of options to choose from as per their needs. These factors are expected to boost the growth of the global portable air cooler market.

The global Portable Air Cooler Industry is projected to register a significant growth rate of 6.1% from 2019 to 2024 to reach a market value of USD 1.65 Billion by the end of 2024. The demand for different types of portable air coolers and other air-cooling devices are offering lucrative business opportunities to the market players, encouraging product innovation.

The global portable air cooler market has been segmented based on category, end user, and distribution channel.

Based on category, the global portable air cooler market has been segmented into automatic and semi-automatic. The semi-automatic segment is expected to dominate the global portable air cooler market during the forecast period. Semi-automatic portable air coolers are affordable and easy to operate as compared to automatic ones which is expected to lead to the growth of the segment.

Based on end user, the global portable air cooler market has been segmented into residential and commercial. The residential segment is expected to dominate the global portable air cooler market and register the higher CAGR during the assessment period. Portable air coolers are widely used in by consumers in residential spaces. Tower coolers, window coolers, and room coolers are mainly designed for residential uses. Different types of portable air coolers available in the market for residential uses of customers are influencing the market for portable air cooler globally.

On the basis of distribution channel, the global portable air cooler market has been divided into store-based and non-store-based. The store-based segment has been further segmented into supermarkets and hypermarkets, specialty stores, and others. This segment is expected to dominate the global market by generating the highest revenue owing to strong distribution networks and high brand value created by the market players.

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Regional Analysis

The global portable air cooler market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.

The Asia-Pacific portable air cooler market is expected to dominate the global portable air cooler market during the forecast period. As compared to air conditioning devices, air coolers are affordable and efficient to use by most of the customers in the region. This factor is likely to influence the regional portable air cooler market during the forecast period. Through advertising media and e-commerce platforms, market players are continuously trying to create brand awareness among customers, which is further expected to drive the growth of portable air cooler market in the region.

The portable air cooler market in RoW is projected to grow at the fastest rate from 2019 to 2024. Due to the hot and dry climate, there is a high demand for air cooling systems in this region, which is expecting to boost the regional growth of portable air cooler during the forecast period. Product innovation by market players with a focus on air coolers with remote control system and continuous growth in retail sector is further boosting the regional market growth.

Juicer Market Report Size, Revenue, Sales 2020 to 2024

The global juicer market is mainly driven by the growing demand from residential consumers in recent years, which has been a major driver for all electrical appliances. The report presents a detailed overview of the global juicer market by providing a thorough analysis of the major drivers and restraints affecting the global juicer market. The economic and competitive landscape of the juicer market is also examined in the report.

The Global Juicer Market Report is expected to exhibit a robust 6.9% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR).

Growing demand from the youth population for fruit juice products is likely to be a major driver for the global juicer market over the forecast period. The youth demographic has evolved into a strong consumer demographic for the global juicer market due to the increasing number of millennials living on their own and requiring their own kitchen appliances. The importance of juicers to teenagers and other similar demographics is high, as they can be used to produce a wide variety of beverages, such as fruit juices and milk shakes. This is likely to remain a major driver for the global juicer market over the forecast period.

Juicers are kitchen implements used to extract juices from vegetables and fruits. They can be used to make purees, sauces, or simple beverages such as fruit juices. The global juicer market has grown steadily over the review period due to the growing demand for kitchen appliances in the developed world. Consumers in countries such as the U.S. and the UK have been eager customers of juicers in the last few decades, allowing for smooth growth of the market. The growing food and beverage industry are also likely to be a major driver for the global juicer market over the forecast period. The growing food and beverage industry have driven the demand for industrial juicers used in processing and manufacturing plants for fruit juices and other fruit- and vegetable-based drinks.

The global juicer market has been segmented based on type, end user, distribution channel, and region.

By type, the global juicer market has been bifurcated into manual juicers and electric juicers. The electric juicers segment is further segmented into centrifugal juicers, masticating juicers, and triturating juicers.

The global juicer market has also been divided, based on end user, into residential and commercial.

Based on distribution channel, the global market is segregated into store-based and non-store-based. The store-based segment is further segmented into supermarkets & hypermarkets, specialty stores, and others.

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Leading players in the global juicer market include Hurom India Private Ltd., Xinbao Group, Panasonic India, Foshan Shunde Ouke Electric Co. Ltd., Kenwood Limited, Braun GmbH, KUVINGS, Breville Group Limited, Koninklijke Philips NV, Cuisinart, and Hamilton Beach Brands Holding Company. Leading players in the juicer market are likely to focus on product development in the coming years, with more ergonomic and simple appliances becoming popular around the world.

Asia Pacific is the dominant regional market in the global juicer market, followed by North America and Europe. The growing number of urban consumers in Asia Pacific has been a major driver for the global juicer market. Growing urbanization in Asia Pacific is likely to remain a major driver for the global juicer market over the forecast period. Urban consumers in Asia Pacific countries such as China, India, Japan, Taiwan, and South Korea are highly aware of the various applications of juicers and have made juicers an important kitchen appliance to have in this region. The growing demand for product development is likely to be a major driver for the juicer market in Asia Pacific over the forecast period.

E-reader Market Size, Competition, Analysis, Value, Forecast to 2024

Global E-Reader Market is projected to witness a significant growth rate of 6.1% from 2019 to 2024 and reach a market value of USD 12.33 Billion by the end of 2024. E-reader is a device, which replicates the experience of printed reading on screen. E-reader allows users to store several books, which can be downloaded from various sources on internet. High storage capacity of e-reader provides convenience to users, which is driving the growth of e-reader market. Moreover, the availability of free reading content on internet is another factor which is anticipated to support the growth of the global e-reader market. 

The global E-reader Market Size has been segmented based on screen size, distribution channel, and region.

Based on screen size, the global e-reader market has been segmented into below 6 inch, 6 to 8 inch, 8 to 10 inch, and above 10 inch. The 6 to 8 inch segment is expected to dominate the global e-reader market during the review period owing to the high portability coupled with sufficient screen size enabling users to read conveniently. However, above 10 inch segment is expected to grow at highest CAGR as bigger screen size offers better clarity, reducing eye strain.   

On the basis of distribution channel, the global e-reader market has been classified into hypermarkets & supermarkets, specialty stores, and others. The hypermarkets & supermarkets segment is expected to occupy the largest market share during the forecast period due to strong vendor networks, availability of different products and discounts offered. The non-store-based segment is expected to register the highest CAGR during the assessment period owing to technological advancements in the e-commerce industry and growing consumer preference for online purchase.

Latest Industry Updates

July 2019: PocketBook International SA, launched a Pocketbook InkPad Pro which is waterproof e-reader. The new device has 7.8 inch E Ink carta hd display, offering a 1404 x 1872 resolution. It is powered by 1GHZ processor and provides 16 GB of internal storage with 1 GB of RAM.   

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Regional Analysis

The global e-reader market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.

North American region is expected to dominate the global e-reader market due to high spending power of poplation coupled with high adoption of new technologies among consumers in this region. European region is expected to occupy a significant market share in global e-reader market, during the review period owing to the various benefits offered by e-reader, over coventional printed reading material, such as high storage capacity and portability.

Global Baby Toys Market Gross Margin, Production, Consumption Forecast 2024

Toys are an integral part of a child’s co-curricular activity where incorporating the right toys at an early age will help promote the overall development and decrease the chances of stunted physical and mental growth. According to a recent study by MRFR, 90% of young children’s playful activities involves toys. Furthermore, toys help in keeping the children engaged while guardians perform other important tasks or simply rest. Toys also assist in bridging an emotional gap and improve the quality of interactions between older and younger family members. Additionally, construction games participate in the development of skills and abilities of a child. Educational games make the learning easier and more effective for children due to several interactive activities that are preferred over traditional teaching pedagogies.

The global Global Baby Toys Market is projected to grow at a rate of 2.5% from 2019 to 2024 and reach a market value of USD 94 Billion by the end of 2024. The increasing demand for toys among children is offering a lucrative opportunity to market players, thereby encouraging new and innovative product launches. However, the shift toward game consoles and smartphones from traditional toys and games is expected to hamper the market growth during the forecast period.

The global toys market has been segmented based on type, distribution channel, and region.

Based on type, the global toys market has been segmented into preschool toys, soft toys and dolls, action toys, arts and crafts toys, construction toys, vehicles, and others. The vehicles segment is expected to dominate the global toys market due to high appeal of miniature cars and motorcycles among children. Furthermore, the advancements in the production of toy vehicles include automated, battery operated, themes, and realistic features such as operable doors and bonnets. However, the action toys segment is expected to grow at the fastest rate during the forecast period. Popular action figures have evolved over the years in terms of realism and detail. It acts as a replica or a miniature of characters from famous comic strips and several media storylines. Growing popularity of sports organizations such as WWE and FIFA, movies franchises such as Jurassic World, Toy Story, Marvel, and DC Comics, and licensed merchandise by celebrities have triggered the demand for action figures across the world High rate of urbanization and high preference for conventionally popular characters among adolescent boys are some of the factors expected to boost the growth of the segmental during the forecast period. For instance, action figures by Hasbro, Inc. marketed by the name of GI Joe, were launched for boys in 1964. It was modelled after "Government Issued Joes" or the everyday soldiers that serve in the US armed forces. Such factors enormously boosted the overall toys market since its inception.

On the basis of distribution channel, the global toys market has been classified as store-based and non-store-based. The store-based segment has been further divided into hypermarkets and supermarkets, specialty stores, and others. The store-based segment is expected to account for the largest market share as well as grow at the fastest rate during the forecast period due to strong vendor networks, high product appeal due to lucrative packaging, and the opportunity for consumers to examine the product before purchase. The non-store-based segment is expected to register the higher CAGR during the assessment period owing to technological advancements in the e-commerce industry and growing consumer preference for online purchase.

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Key Players

Some of the key players in the global toys market are Tomy Company, Ltd (Japan), The LEGO Group (Denmark), Spin Master Ltd (Canada), Hasbro, Inc. (US), Playmates Toys Limited (Hong Kong), Jazwares, LLC (US), VTech (Hong Kong), Funko Inc. (US), NECA (US), Tru Kids Brands (US), Mattel, Inc. (US), MGA Entertainment Inc. (US), Basic Fun, Inc. (US), WowWee Group Limited (Hong Kong), and Kenner Products (US).

Eyewear Industry Deep Analysis, Strategies, Driving Force and Key Factors 2024

The global eyewear market size is expected to expand and reach a value of USD 185 billion by 2024 at a CAGR of 5.5% during the forecast period. Market players are expected to witness lucrative growth opportunities in the Global Eyewear Market during the forecast period owing to the increasing consumer preference for new varieties of eyewear products, leading to a focus on research and development.

The global Eyewear Industry report has segregated the market, based on region, into North America, Europe, Asia-Pacific, and the rest of the world.

Industry Segments

The global eyewear market segmentation is based on type and distribution channel.

On the basis of product type, the global eyewear market has been segmented into spectacles, sunglasses, contact lenses, and others. The spectacles segment is expected to be the largest while the sunglasses segment is projected to register the highest CAGR during the review period.

By distribution channel, the global eyewear market has been segmented into store-based and non-store-based. The store-based segment is projected to account for the larger market share due to the widespread availability of eyewear in supermarkets and hypermarkets.

Key Players

Some of the key players, as per the global eyewear market report, are 

• Safilo Group S.p.A. (Italy)
• Bausch Health Companies Inc. (Canada)
• Luxottica Group S.p.A. (Italy)
• The Cooper Companies Inc. (US)
• Carl Zeiss AG (Germany)
• Johnson & Johnson Vision Care Inc. (US)
• Fielmann AG (Germany)
• GrandVision (Netherlands)
• Alcon Vision LLC (US)
• De Rigo Vision S.p.A. (Italy)
• Essilor International (France)
• Marchon Eyewear Inc. (US)
• Rodenstock GmbH (Germany)
• Marcolin SpA (Italy)
• Charmant Inc. (US)

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Regional Insights

The European market is expected to account for the lion’s share of the global eyewear market during the forecast period due to changing fashion trends. Primarily, the younger population in countries such as Italy, France, the UK, and Germany prefer to experiment with different styles of eyewear in an effort to accentuate their overall appearance. This, in turn, is expected to boost the global eyewear market growth during the forecast period.

The market in Asia-Pacific is projected to register the highest global eyewear market growth rate during the forecast period due to increasing cases of visual deficiency and eye defects. The rising prevalence of visual impairment and the need for vision correction have resulted in increased demand for spectacles. Additionally, the rising purchasing power of consumers, owing to economic development in China, India, and Japan, has led to an increase in spending on premium quality eyewear. Furthermore, the consumers are opting for trendy and designer eyewear according to the latest trends to enhance their overall appearance.