Eyewear Market-Technological Advancements, Evolving Industry Trends and Insights 2017 – 2025

The global eyewear market boasts a sizeable presence of large and smaller enterprises alike, which has rendered its vendor landscape highly competitive. As competition toughens, the market players are likely to incorporate significant changes to comply with the dynamic consumer preferences and regulations, finds Transparency Market Research (TMR) in a recent study. According to the report, a majority of the companies are investing heavily on product branding, especially in emerging markets. Besides this, several manufacturers are focusing on the expansion of their production capacities other than channelizing their resources to improve the overall quality of the products to boost sales. Furthermore, TMR expects these companies to launch more innovative designs with an affordable price tag in the coming years.

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Some of the most prominent companies operating in the global eyewear market are keen on extending partnership with their peers. This would not only help them attain a position of great strength in the market but will enable them woo a wider audience by offering more extensive product portfolio. In addition, the market witnessed several mergers and collaborations over the past few years intended at strengthening the global footprint. Some of the leading companies operating in the global eyewear market are Marchon Eyewear, Inc., Johnson & Johnson Vision Care, Inc., Essilor International, Luxottica Group S.p.A., Fielmann AG, Zeiss International, De Rigo S.p.A, and Bausch & Lomb Inc. Strategies adopted by these and other companies operating in the global eyewear market are likely to exert considerable influence on the prevailing trends.

According to TMR, the global eyewear market is likely to worth US$265.4 bn by the end of 2025. The market was valued at US$132.7 bn in 2016. If these figures deem true, the global eyewear market will exhibit a CAGR of 8.3% between 2017 and 2025. In terms of distribution, while offline channel currently holds lead, TMR expects the online segment to report a higher CAGR during the course of the forecast period. Regionally, North America held the dominance, however, between 2017 and 2025, Asia Pacific is likely to exhibit a higher growth

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Cable Conduit Systems Market-Report provides Company and Distribution Shares & Market Outlook to 2022

The rising urbanization across BRICS nations and increasing infrastructural investment in MENA have created lucrative opportunities for the global cable conduit systems market. As per Transparency Market Research (TMR), population growth and urbanization witnessed across developing countries are compelling governments to focus on various residential and commercial projects. These developments not only aided the construction industry’s robust growth, but also fuelled the deployment of advanced cable conduit systems across the world.

Choc-o-bloc with both regional and international players, the global cable conduit systems market is comprised of both organized and unorganized segments. This makes the competition stiff in the overall market. To stay afloat and thrive in such an environment, keen players are seen betting big on product development and mergers and acquisitions. In this manner they are banking upon both organic and inorganic routes to expand their outreach.

Some of the key players in the global cable conduit systems market are Atkore International, Inc., Thomas & Betts Corporation, and Eaton Corporation Plc.

The global market for cable conduit systems was worth US$3.2 bn in 2014 and will likely attain a value of US$7.4 bn by 2022-end, by clocking an 11.0% CAGR between 2015 and 2022. The figures have been arrived at after a thorough research by our team of expert analysts at Transparency Market Research for a recent report.

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Energy and utility, IT and telecommunications, transportation, industrial manufacturing, healthcare, residential construction, and commercial construction, among others, are some of the key end-use industries in the global cable conduit systems market. Among them, the segment of industrial manufacturing accounted for a leading share of 28.7% in 2014.

From a geographical standpoint, North America accounted for a dominant share of 35.6% in the global cable conduit market in 2014. The region is mainly powered by the U.S. which has stringent rules enforcing the usage of conduit systems installations, especially in the industrial manufacturing sector. Apart from that, the residential and construction projects too are solid contributors to the cable conduit systems market in North America.

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Flourishing End-use Segments Benefit Market

At the forefront of driving the market for cable conduit systems is the food and beverages, metal and mining, and oil and gas industries. Healthcare is another sector that is driving up demand along with the construction sector. Their demand is set to receive a further boost on account of the usage of advanced composites in their manufacture. “Materials, namely fiberglass and other composites are being increasingly preferred by several end users in the market, which is upping opportunities for savvy players in the market,” adds the lead author of the TMR study.

Automated Optical Metrology Market -Trends & Forecast by 2021- Industry Analysis by Geographical Regions, Type and Application

The automotive industry has consistently provided a wide array of opportunities for the automated optical metrology players. The current boom in auto sales, especially in emerging regions, is therefore a key factor driving the demand for automated optical metrology. The same applies to the aerospace sector, where increasing air traffic and the need for advanced automation processes is creating an accelerated demand for automated optical metrology.

Industries have to adhere to the various quality standards set by each region. The growing rate of standardization for quality control on an international level is therefore allowing players from the automated optical metrology market provide invaluable services for the same.

KLA Tencor Corporation, ASML Holding N.V., and Steinbichler Optotechnik GmbH, the three top providers of automated optical metrology services, collectively held a share of 39.4% of the market value in 2014, states Transparency Market Research (TMR) in a new report.

The key competitive strategy employed by most top players in the automated optical metrology market is driving company growth through constant product innovation and development. Transparency Market Research states that innovation for new products is a necessity in this market to maintain a strong foothold within its stiff competitive landscape. Apart from this, companies are also focusing on mergers and acquisitions. Close to half the market shares were held by regional players in 2014, and key players can look for opportunities in regional expansion through this fragmented set.

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Industries Pull in Advanced Automated Optical Metrology Solutions to Comply with Measurement Standards

“The lack of measurement standardization within any industry can be extremely detrimental when it comes to trade,” states a TMR analyst. “As such, most industries are striving to keep up with the market growth by inculcating the measurement standards to ensure high quality of products that can be exported.”

Quality control, measurement, and inspection have thus become a core necessity in all manufacturing processes. The International Bureau of Weights and Measures is one such organization that is responsible for fixing measurement standards on an international scale.

All companies affiliated with these industries must adhere to these standards to ensure high quality product quality, therefore ramping up the demand for automated optical metrology.

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Refrigerated Display Cases, Beverage Refrigerators and Dispensers, and Chilled Rooms Market Will See Strong Expansion Through 2020

The growing number of supermarkets, cafes, and hotels across the world is the key reason for the currently increasing demand for refrigerated display cases and chilled rooms. More than half of the commercial sales of refrigerated display cases have been made to the food service and food retail industries over the past few years. As their numbers grow, so will the demand for refrigerated display cases and chilled rooms to store food and beverages. Prominent retail chain operators are also showing a further increase in the demand for refrigerated display cases and chilled rooms by penetrating the markets in the emerging economies. They are steadily shifting focus from the highly competitive and matured markets of North America and Europe towards Asia Pacific and Latin America.

The use of refrigerated display cases and chilled rooms has also increased post the growing awareness of retail chain operators and individual store owners of the dangers of storing certain foods without refrigeration. This is further boosted by the increasing stringency of food safety and quality regulations.

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Manufacturers of refrigerated display cases and chilled rooms, however, must develop solutions for the challenges such as the high energy consumption rates of most refrigerated display cases and the high purchasing cost of cold rooms.

Owing to the above factors, the global market for refrigerated display cases is projected at a CAGR of 11.2% from 2014 to 2020. By the end of 2016, this market’s revenue is expected to reach US$12.47 bn and US$19.69 bn by 2020. The CAGR for the global chilled rooms market is expected to be 9.9% from 2014 to 2020. By the end of 2016, this market’s revenue is expected to reach US$15.90 bn and US$23.51 bn by 2020.

The global refrigerated display cases, beverage refrigerators and dispensers, and chilled rooms marketis expected to progress at a highly optimistic CAGR of 11.2% within a forecast period from 2014 to 2020. The market was evaluated at US$12.47 bn in 2016 and is expected to reach US$19.69 bn by the end of 2020.

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Power Tools Market-Production, Import, Export and Consumption Status & Forecast to 2021

Power tools consume less time and workforce due to which their use has considerably increased across manufacturing industries globally. The demand for power tools has been primarily robust in emerging economies such as China, Brazil, and India. The rapid industrialization has further bolstered opportunities for power tools sales across these developing nations. Supported by the emerging concept of do-it-yourself (DIY) techniques, demand for power tools is expected to rise at a CAGR of 5.3%. As per Transparency Market Research (TMR), the global power tools market, which stood at US$26.1 bn in 2014, is expected to reach US$38.03 bn by the end of 2021.

Since the use of power tools is considerably high in the construction industry, investment in infrastructural development will subsequently bolster their sales. Despite their rising application across diverse industries, the high maintenance cost of power tools will threaten the market’s growth to an extent.

As per a new study by Transparency Market Research (TMR), the global power tools market exhibits a highly concentrated vendor landscape. The leading four players in the market, comprising Makita Corporation, Robert Bosch GmbH, Stanley Black and Decker Inc., and Hilti, held a share of around 70% in 2014. Of these, Robert Bosch GmbH emerged dominant accounting for just short of 30% of the market in 2014.

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These companies are currently focusing on product innovation as the primary growth strategy. Among the various application segments, the leading companies have been capitalizing on opportunities exhibited by the construction industry. Besides this, the automotive industry has also been exhibiting lucrative prospects for the enterprises operating in the market.

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Growth witnessed by the market in North America is expected to stagnate in the forthcoming years. Nevertheless, due to the changing lifestyle preference, the demand for electric power tools is projected to rise at a steady pace. The U.S. and Canada will emerge as the primary contributors to the power tools market in North America. The rise in construction applications will, however, secure demand for power tools in the region through the forecast period.

Automotive Biometric Identification Market is driven by Increasing Safety Preferences among Consumers across the Globe

The manner in which we access our automobile has undergone a change, from the key to keyless entry. However, it doesn’t guarantee the safety of the vehicle or an assured entry for the person trying to gain an entry into the vehicle. Technological advancements toward improvement of automotive safety and to personalize the user experience have led to the utilization of biometric identification systems. There are various kinds of biometric modalities that are employed in automotive applications, some of which include voice and facial recognition. Generally, biometric modalities include iris and retina scanning, fingerprint and vein imaging, as well as face and voice recognition. Implementation of multi-factor authentication is often preferred over single means of automotive biometric identification systems.

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Based on the technology, the market for automotive biometric identification can be segmented into voice recognition, facial recognition, fingerprint recognition, iris recognition, multimodal identification, gesture recognition, and others. Based on vehicle type, the market for automotive biometric identification has been divided into passenger and commercial vehicles. The passenger vehicle segment has been further segmented into hatch back, sedan, MPV, and SUV, while the commercial vehicle segment has been segmented into light commercial vehicle and heavy commercial vehicle. Based on biometric wearable, the market can be segregated into watches, eyeglasses, headsets, and others. In terms of sensor, the market for automotive biometric identification can be segregated into image sensors, fingerprint\palm sensors, iris/retinal recognition sensors, voice sensors, and keystrokes sensors. In terms of component, the market has been segmented into processing units, embedded micro-computers, and micro-chipsets. Based on type of electric vehicle, the market can be segregated into battery electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle. In terms of application, the market for automotive biometric identification has been segregated into engine start-stop system, biometric vehicle access system, memory steering, infotainment system, memory seats, and driver fatigue & drowsiness monitoring system. The driver fatigue & drowsiness monitoring system segment has been further sub-segmented into eye tracking/blink monitoring, facial expressions/head movements, and heart rate monitoring.

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The Growth of Automotive Filters Market Driven Due to Continuous Increase in the Production of Passenger Vehicles

The competition amongst the players operating in the global automotive filters market is expected to intensify in the near future. The fragmented nature of competitive landscape likely to remain so due to an unstoppable influx of new players. The unprecedented rise of automotive sectors across the world as the global economy limps back to normalcy is projected offer many lucrative opportunities. Some of the leading players operating in the global market are MAHLE GmbH, Sogefi SpA, A.L. Filter, and MANN+HUMMEL GmbH.

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According to Transparency Market Research, the global automotive filters market stood at US$ 4.14 bn in 2016 and is expected to reach US$ 6.83 bn by the end of 2025 as the market promises to surge at a CAGR of 3.24%. During the forecast period of 2017 and 2025, the global market for automotive filters will be driven by air filters as the levels of pollutions continue to rise relentlessly across the globe. The new wave of rising disposable income and soaring investments in the automotive sector are expected make Asia Pacific a clear winner amongst all the other regional markets.

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Based on the types of automotive filters, the global market has been segmented into air filters, fuel filters, oil filter, air cabin filter, steering filter, hydraulic filters, and other filters. In 2016, the air filters and fuel filters segment held the highest market share of the global market. An air filter helps in cleaning the air that enters the engine for combustion. Fuel filter helps in cleaning the fuel that enters in engine for combustion. Various materials are used in car air filters including foam, paper, and cotton. The increase in pollution levels and requirement for high efficiency cars are likely to boost the demand for these filters during the forecast period. Growing carbon emissions and falling carbon emissions ceiling levels are predicted to attribute towards the growth of air, engine, fuel and oil filters preferably.