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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. 

China Makeup/Cosmetics Market Trend and Analysis, 2015 - 2025

12 November 2018, The China Makeup Market is expected to reach USD 6.81 billion by 2025 owing to the rising demand from the fashion conscious consumers and increasing disposable income. Consumers in China are inclined towards personal appearance with style statement which is expected to drive the makeup market in future. Moreover, the hectic lifestyle of consumer is compelling them to buy on the go beauty products such as stick foundation, long lasting lipstick to meet their perfect appearance needs throughout the day. Advent of numerous innovative products is expected to augment growth of the China cosmetics market over the forecast period.


Innovative product offerings catering to the specific need of the consumers are being launched by the manufacturers. For instance, pure color envy lipstick by Estee Lauder offers smooth finish with hydrating properties. The variants in shape, form and ingredients are available to cater the diverse needs of consumers. Such as lipstick comes in stick, liquid form to fulfill the need of consumer. The consumer behavior is age specific, thus they buy product catering to targeted age group. Thus, the geriatric consumer prefers skin care, anti-ageing and eye makeup products, whereas younger generation prefer smoothening, bright lipsticks, nail makeup products.



The popularity of Chinese fashion brands offering cosmetics product lines witnessed a splurging growth driven by the increasing consumer spending on premium beauty products. Consumers’ increasing demand for designer cosmetics as a must have product is driving the manufacturers to add innovation and variations in their product offerings. Premium cosmetic products such as Chanel’s Le Blush Crème De Chanel, Ford’s Eye Color Quad, Yves Saint Laurent’s (YSL) Touche Éclat Face Highlighter Pen and Christian Dior’s Addict Lipstick, fashion brands’ beauty products are some of the products that are considered to be the must have beauty products among the Chinese consumers.


China makeup market is competitive in nature. The offline distribution channel is expected to be dominant over the forecast period owing to the strong presence of convenience stores. Hence, the price competition is fierce in China haircare market. The rising purchasing power of the economy is attracting retail chains to invest in the market, which is expected to result in the offline distribution channel growth.


Browse Details of Report @ https://www.hexaresearch.com/research-report/china-makeup-cosmetics-market


Hexa Research has segmented the China makeup market report based on type and distribution channel:


Segmentation by type, 2015 - 2025 (USD Billion)

  • Face
  • Lip
  • Eye
  • Nail


Segmentation by distribution channel, 2015 - 2025 (USD Billion)

  • Online
  • Offline


Key players analyzed:

  • Estée Lauder
  • Shiseido Co.
  • Procter & Gamble
  • L'Oréal S.A.
  • Unilever


Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/personal-care-and-cosmetics-market

Netherlands Footwear Market to Reach USD 2.49 Billion by 2025

09 November 2018, Netherlands Footwear Market is expected to be valued at USD 2.49 Billion by 2025, driven by an increase in the demand more stylish and good quality products. Growth in consumption pattern, strong improvement in labour market coupled with increasing presence of online retailers in the country is expected to increase the sales of footwear through online channels over the projected period. According to the data from 2011, the Netherlands has approximately 15.4 million - 15.9 million internet users, which represents 92% - 94% of the total population which in turn is expected to have positive impact on online channel.


In terms of sales, leather segment dominates the footwear industry whereas, in terms of volume, sandal and textile footwear dominates the Netherlands footwear industry


Growing urbanization coupled with rising disposable income is expected to be a key driver for the rise in purchasing power of local Netherlands people. However, highly priced shoe products from multinational brands are expected to hamper the overall footwear segment, but sophisticated adults as well as millenials are ready to pay premium prices for the good quality material used in making footwear.


Netherlands footwear segment is dominated by women owing to majority population of females in Netherlands with a share of 50.3 %. Furthermore, women shoes come with wide variety of styles such as gems, metals, fabrics, feather, etc. Increase in the number of people procuring goods online especially on mobile is expected to increase owing to growing awareness of social media which is expected to increase the demand for footwear over the foreseeable future.


New trend of introducing new technologies, more creative footwear, and better design is expected to display further positive effect on Netherlands footwear industry. Most of the websites in Netherlands focus on fashion & living hence the market competition is expected to get even more stiffer over the projected period, leading to product innovation and investment in R&D


Browse Details of Report @ https://www.hexaresearch.com/research-report/netherlands-footwear-market


Hexa Research has segmented the Netherlands footwear market report based on product type and distribution channel:


Segmentation by Type

  • Men
  • Women
  • Children


Segmentation by Distribution Channel

  • Online
  • Offline


Key players analyzed:

  • Asics
  • Under Armour
  • Nelson Schoenen
  • Ecco
  • Dune Group


Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/consumer-goods-industry

Canada Alcoholic Drinks Market Forecast 2015 - 2025

08 November 2018, Canada Alcoholic Drinks Market is expected to reach USD 35.08 billion by 2025 as a result of increasing rate of consumption among the consumers. Moreover, the premium alcohol is gaining popularity among the Canada alcohol drinkers. The increasing disposable income of consumers and the rise in drinking age population in Canada is expected to contribute significantly to the growth of the market over the forecast period. Furthermore, the spirits made in Canada has witnessed a steady growth over the past few years. However, the increasing imports of alcoholic brews are expected to drive the growth of the Canada alcoholic beverages market in future.


The distribution channel of alcoholic drinks has witnessed significant change over the past few years. For instance, in 2016 the beer, wine and cider were allowed to be sold through grocery stores in Ontario which has positively driven the sales and contributed in the growth of the Canadian alcoholic drinks market. However, the online retailing of private drinks has gained significant popularity among Canadian consumers. The increasing hectic schedule of the population has resulted in the increasing demand for door step service. Thus, home delivery services offered by the online retailers have attracted the consumers. For instance, The Wine Shop, My Wine Canada, Everything Wine and others provide store to home service and availability of gifting options is expected to tempt the consumers. Thus, the online wine retailers are expected to result in the proliferation of off trade channel thereby boosting the growth of the alcoholic beverages market in Canada over the forecast period.


Moreover, the health-conscious consumers are looking for health benefits while consuming alcoholic drinks. Hence, the continuous shifting preferences of consumers are expected to drive the market growth. The consumers are seeking clean products, hence they are careful about the product they consume, the ingredients used in it, whether it is synthetic or natural. The consumers are more attracted towards green label products. The manufacturers are offering transparency with the content and sustainable brewing practices. For instance, Molson Coors have achieved zero waste for landfill across at their major manufacturing plants. The environmental and consumer responsibility taken by the companies are attracting the consumer and are expected to drive the Canada Alcoholic Drinks market over the forecast period.


Beer is the most commonly consumed alcoholic drink in Canada. The Northwest and Yukon are the highest region for beer consumption. The innovative product launches from high, low to no alcohol beer are gaining popularity with the increasing quality concerns as consumers are inclined towards premium segments. The manufacturers are compelled to provide rich experience to their consumers. For instance, the Historic Pale Ale by Molson Coors is based on an historic recipe from 1908. Thus, different flavors having unique taste is expected to drive the beer market in Canada over the forecast period. The increase in demand for authenticate and unusual flavors of beer are expected to drive the alcoholic drinks market in Canada over the forecast period. However, wine market has observed growth of around 4% in 2016 owing to the increasing imports. For instance, in 2016, the imported red wine sales accounted for around 75% of red wine sold in Canada. Wine segment witnessed growth around the region however, especially in Newfoundland and Labrador reported the highest among all the wine consumption region of Canada. The increasing consumption of wine and spirits is expected to drive the growth of the Canada alcoholic drinks industry over the forecast period.


Browse Details of Report @ https://www.hexaresearch.com/research-report/canada-alcoholic-drinks-market


Hexa Research has segmented the Canada alcoholic drinks market report based on type and distribution channel:


Segmentation by type, 2015 - 2025 (USD Billion)

  • Beer
  • Cider & Flavored Alcoholic Beverage
  • Wine
  • Spirits


Segmentation by distribution channel, 2015 - 2025 (USD Billion)

  • Off trade
  • On trade


Key players analyzed:

  • Diageo Canada Inc.
  • Kirkwood Diamond Canada
  • Anheuser-Busch InBev.
  • Pernod Ricard
  • The Molson Coors Brewing Company


Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/food-and-beverages-industry

U.S. Night Vision Equipment Market to Reach $4.39 Billion by 2025

05 November 2018, The U.S. Night Vision Equipment Market size is expected to be worth USD 4.39 billion by 2025. Surging demand for night vision devices from the military sector is one of the key trends escalating market growth. The tremendous growth of the military sector is projected to drive the market over the future period. Basically, they are used for detecting objects over long distances and in high-speed imagining in military operations.


NVDs (Night Vision Devices) are used in broad number of applications including surveillance, security, military, hidden object detection, hunting, paranormal research, navigation, and others. Use of electronic and optics devices dates back to world wars. Before the introduction of NVDs, substrate night wafer cameras and thermal imagining equipment were used. Owing to technological advancements in the electronics and optics industry, NVDs were introduced. Sooner after their introduction, the market for NVDs gained significant traction owing to cost-effectiveness and wide category of features it offers when compared to other technologies existing in the market.


High manufacturing cost is anticipated to hamper market growth over the next coming years. Though, factors such as increasing need for technologically-advanced devices, rising technological advancements in the area of electronics and optics, and rising expenditure of military sector on modernization are expected to be the key growth stimulants of the market. U.S. held the largest share in the global market for night vision devices on account of high rate of deployment of these equipment in different sectors. Rapid upgradation and advancements in technology along with domicile of a raft of industry participants are impelling development of the market in the country.


A major difference between old and modern devices is emergence of image intensifying and thermal imagining. Image intensifying technologies needs greater amount of light than thermal imagining devices to produce illuminated image of environment by absorbing available light. In divergence, thermal imagining systems and other modern night vision systems do not need light as they show an image with better clarity by detecting nearby IR radiations that are produced by objects in the environment. NVDs and thermal imaging devices convert invisible radiations to visible spectrum on display.


The U.S. night vision device market is segmented into infrared systems and light amplification systems on the basis of equipment type. NVDs include night vision googles, cameras, monocular, binoculars, scopes, and other devices. The industry is expected to record tremendous growth owing to wide application scope of NVDs in military, surveillance, and security for detection of hidden object, hunting, paranormal research, navigation finding, and other applications.


A large number of companies are operating in the industry. Some of the key players are Harris Corporation; ASU, Inc.; Ball Aerospace; Leonardo DRS; and General Dynamics Mission Systems, Inc. Companies are undergoing several mergers and acquisitions in order to enhance production capacity of their existing manufacturing units. Robust growth of the military sector and rising expenditure of the government in modernizing and purchasing advanced equipment are unfolding ample of growth opportunities for the market in U.S.


Browse Details of Report @ https://www.hexaresearch.com/research-report/us-night-vision-device-market


Hexa Research has segmented the U.S. night vision equipment/device market report based on type and end-user


Segmentation by Type, 2015 - 2025 (USD Billion)

  • Computer Systems
  • Televisions
  • Mobile devices


Segmentation by End-User, 2015 - 2025 (USD Billion)

  • Metal Wholesalers and reprocessors
  • Electronic goods manufacturers
  • Others


Key players analyzed

  • Harris Corporation
  • ASU, Inc.
  • Ball Aerospace
  • Leonardo DRS
  • General Dynamics Mission Systems, Inc.


Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/semiconductors-and-electronics-industry

Pharmerging Market Analysis And Forecasts, 2015 to 2025

1 November 2018, The global Pharmerging Market is anticipated to witness steady CAGR over the forecast period. Factors such as rising population due to low infant mortality rates and high focus on developing innovative drugs are expected to boost the growth. Among 17 emerging countries; China, India, and Russia are projected to hold a major market share in near future.


Patent expirations and availability of low cost generic drugs are anticipated to slow down sales in matured markets such as U.S, Europe, Japan, Canada, and U.K. As a result, major players are expected to bring in new products to maintain and even expand their industry share. This factor is likely to drive the pharmerging market in the forthcoming years. Launch of innovative products for diseases such as lupus, diabetes, arrhythmia, melanoma, prostate cancer, and osteoporosis among others may positively influence expansion in near future.


Macroeconomic factors such as greater awareness about drugs in semi-urban and rural markets and epidemiological changes are anticipated to propel growth of the market for pharmerging over the forecast period. High prevalence of age-related disorders and rapid development in private hospital industry are also expected to bode well for expansion. Increased healthcare expenditure by governments is expected to further drive growth.


Emerging markets are likely to focus more on development of low cost generic drugs. This factor is anticipated to restrain growth of pharmerging in these regions. Changes in regulatory policies are likely to curb the growth as they have long-term impacts on pricing and medicine usage. Price sensitivity is another challenge likely to be faced by major companies. Regulatory norms such as the Affordable Care Act in U.S. and Japan’s price cut system are projected to rebalance spending priorities for markets.


Possibility of including major drugs under Drug Price Control Order (DPCO) may affect the retail and wholesale margins earned by chemists. Lower margins are further expected to lead to reduced production rates. Some of the major pharmaceutical companies which have experienced a negative growth rate due to DPCO include Sanofi-Aventis, Lupin, Zydus Cadila, etc. this factor is expected to negatively influence growth pharmerging.


On the basis of pharma growth requirements, pharmerging countries are categorized into tier-I, tier-II, and tier-III. Tier-I includes China while Tier-II includes India, Brazil, and Russia. Tier-III includes Turkey, Indonesia, Thailand, Vietnam, Egypt, South Africa and Mexico. China is a very complex market and is expected to focus on sophisticated operating models. Shrinking prices, complex distribution system, different commercial models in different provinces, and regulations favoring domestic manufacturers are the primary challenges faced by new entrants in China.


Browse Details of Report @ https://www.hexaresearch.com/research-report/pharmerging-market


Indian market is expected to be highly fragmented and competitive. Strategic planning coupled with new product launches can help major pharmaceutical companies to be successful in this region. Adaption of local trends and strategic market entry can help new entrants. Russia is likely to be very volatile, due to price control system for essential drugs. Also, policies such as substitution of imported drugs with locally manufactured equivalents may pose a challenge to major players.


The market in Brazil is anticipated to be commoditized in retail segment as unmet medical needs are mostly satisfied by nonretail drugs. Establishment of CITEC/CONITEC is likely to act as a barrier for product inclusions in funding programs. Innovation is focused on niche private segments as demand for expenditure on complex therapies is usually avoided.


Major players operating in the market for pharmerging are AstraZeneca, Sanofi, Merck, Pfizer, GlaxoSmithKline, Novartis, Abbott Laboratories, CSL Behring, Johnson & Johnson, Sun Pharmaceutical, Aspen, Teva Pharmaceutical, Bayer, Valeant Pharmaceutical, Biogen, Baxter, STADA, Mylan, Takeda Pharma, Alexion Pharmaceuticals, and Endo Health Pharmaceuticals. The market is highly fragmented due to the presence of small and medium businesses. Product launches, mergers and acquisitions, and innovations are anticipated to define competition among top players. Majority of companies focus on merger and acquisitions to expand market presence and increase profits.


Major pharmaceutical companies are expected to deal with some uncertainties in terms of regulation and pricing policies laid down to ensure a profitability. Anticipation and analysis of compliance risks and implementation of suitable market entry strategies are some of the popular business strategies.


Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/pharmaceuticals-industry

U.S. Bathroom Partition Market Size to Reach $608.63 Million by 2024

31 October 2018, The U.S. Bathroom Partition Market is estimated to be worth USD 608.63 million by 2024, driven by the increasing renovation activities in commercial spaces. In addition, the U.S market for bathroom partition is anticipated to gain momentum on account of development for reducing CO2 emissions and energy consumption.


States with rising urbanization and growing number of office buildings, commercial buildings, government buildings, warehouses, educational institutes, healthcare facilities, amusement, airport terminals, manufacturing buildings, restaurant & cafe, and shopping malls are expected to create a huge potential for the growth of the U.S bathroom partition market.


The growing number of restroom installations in public spaces coupled with the increasing commercial building stock is expected to augment market growth over the projected period.


The metal segment will continue to dominate the U.S bathroom partition market over the next few years owing to its virtuous aesthetics. However, non-metal which accounted for 39.1% of the market share in 2016 is expected to grow at the highest CAGR over the forecast period owing to its ease of construction and design.


Due to the U.S. Green Building Council (USGBC), materials should mandatorily meet Leadership in Energy, and Environmental Design (LEED) ratings, yet, not all partitions meet sustainability goals. Approximately, 50% of recycled steel is used in some powdered coated steel partitions which contain 36% post-commercial steel and 14% post-industrial steel, whereas, some stainless-steel bathroom partition in U.S typically uses 75% of recycled stainless steel.


Toilet partition commands the major market share and is expected to continue to do so over the forecast period as well. The urinal screen also commanded considerable market within the bathroom partition market. Urinal screens are visual barriers that are used to maintain privacy and are not required to enclose the urinal space.


Companies such as Hadrian Inc., Bradley Corporation, Knickerbocker Partition Corp., and Scranton Product are focusing on creating leading brands of advanced building products targeted at commercial buildings, government buildings, warehouses, and educational institutes. Leading companies are marketing their products through distributors and subcontractors such as J. Sallese and Sons, Inc., Thomas Publishing Company, Sustainable Supply Company, LLC, All Partitions, and Parts.


Browse Details of Report @ https://www.hexaresearch.com/research-report/us-bathroom-partition-market


Hexa Research has segmented the U.S. bathroom partition market based on material and type:


Segmentation by Material, 2014 - 2024 (USD Million)

  • Metals
  • Non-metals (Plastics)


Segmentation by Type, 2014 - 2024 (USD Million)

  • Toilet Partitions
  • Shower Partitions
  • Urinal Screens


Key Players Analyzed

  • Accurate Partitions Corp.
  • Scranton Products
  • General Partitions Mfg. Corp.
  • Bobrick Washroom Equipment, Inc.
  • Ironwood-Manufacturing
  • Partition Systems International of South Carolina
  • Metpar Corporation
  • Hadrian Inc.
  • Alan Lewis Incorporated
  • Bradley Corporation
  • Winsupply Inc.
  • Marlite, Inc.
  • Ampco Products, LLC
  • Knickerbocker Partition Corp.


Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/advanced-materials-industry

U.S. Dump Truck Service Market to Surpass USD 20.64 Billion by 2025

31 October 2018, The U.S. Dump Truck Service Market to reach USD 20.64 billion by 2025, owing to the rise in the construction and mining activities in the country. The U.S. dump truck service market is expected to grow significantly owing to the rise in the expenditure in the construction industry as more and more number of construction projects are coming up in the New York City. The demand and need of dump truck services in the construction and mining activities is high. The dump trucks are the core of the construction industry as they help to move construction material from one place to another. They also have a major role in handling and delivering large load of material during building and construction activities. The dump trucks come in multiple sizes which can carry any load of rock, mulch, and dirt. The small dump trucks are basically used for residential and local deliveries which also haul away large amount of materials from the sites. The basic function of a dump truck is to deliver, transport, and haul the material from one site to another and with the rise in the number of companies offering dump truck services is expected to drive the growth for this market over the forecast period.


U.S. dump truck service market revenue split, by end-use, 2017 (% share)


The non-liquid & non packaged cargo type dump truck segment dominated the market in 2016 and is expected to maintain its dominant position over the forecast period owing to the use of solid material during construction and building activities. Non liquid & non packaged cargo dump trucks are now a days equipped with GPS technology in order to give customer the control and so that customers can track the material and can control the loading and offloading. Additionally, there are specific laws on using the dump truck services in the U.S. states such as it mandatory to cover and secure the material and load while carrying the load to a distant site as sometimes they cause inconvenience to the frequent travelers on the road if the debris goes out of control and starts falling out hitting other vehicles. Some of the certifications are required by the driver to drive the dump truck such as dump truck operations CBT certificate and dump truck tailgate removal and installation CBT certificate in the U.S.


The use of dump truck services in the U.S. is mainly in the construction and mining industry. Dump trucks are a basic necessity and requirement on the construction site for various activities such as land moving, hauling of heavy materials, transport and haul dirt and other materials to, and fro from the site. The dump truck services offer facilities such as yard waste removal, topsoil and mulch delivery, construction waste removal, swimming pool dirt removal swimming pool base material delivery, hauling agricultural products and dredge materials, rock and stone delivery, sand and gravel delivery, industrial waste, excess dirt removal and snow removal for residential and commercial customers.


Browse Details of Report @ https://www.hexaresearch.com/research-report/us-dump-truck-service-market


The market for dump truck services is fragmented and competitive in nature. There are several players in the market delivering services in the U.S. and the competition is expected to grow over the forecast period. With the rise in the construction activities in the country the players are also focused on providing building and other material in order to increase their sales in the market.


Hexa Research has segmented the U.S. dump truck service market report based on type and end-use:


Segmentation by type, 2015 - 2025

  • Non liquid & non packaged cargo
  • Others


Segmentation by end-use, 2015 - 2025

  • Construction industry
  • Mining industry
  • Others


Key players analyzed:

  • Terex Trucks
  • Caterpillar
  • Komatsu
  • Hitachi Construction Machinery
  • John Deere


Browse Related Category Reports @ https://www.hexaresearch.com/research-category/automotive-and-transportation-industry

Automotive Chip Market Forecast, 2015 to 2025

29 October 2018, The global Automotive Chip Market is expected witness a rapid expansion over the forecast period. Rising computerization and digitization of automotive parts are anticipated to fuel the industry growth. In addition, rapid incorporation of Engine Control Unit (ECU) in modern automobiles is also expected to augment the market demand over the next few years. These chips are required to monitor and control various functions of a vehicle as they use algorithms to direct the part to operate in a particular manner. Technological developments in the automobile industry have led to an active involvement of computers in the operations of automotive engines.


Manufacturers are harnessing the power of digital control equipment leading to high-performance delivery of automobiles. Ongoing research to discover the innovative use of automotive chip may act as a key factor for increasing the product demand. Manufacturers such as Renesas Electronics Corporation and NXP are actively eyeing automobile brands at collaborative manufacture initiatives. It follows a declining demand from the computer industry and manufacturers are now aiming at exploiting the growing automotive chip market. However, with only a few key players directing the market dynamics, the smaller companies may face challenges to sustain.


Manufacturers such as ARM Holdings, generating more than 40% revenue from smartphone industry, are actively developing products that may be required in future by the automobile industry. However, with elongated design cycles, the industry is still in pre-nascent stage and may begin rolling out products only after a few years. Further, the collaborative efforts of automobile manufacturers and chip makers are expected to fuel demand over the forecast period. The market can be segmented by type into after-market and Original Equipment Manufacturer (OEM) products. While the OEM sector accounts for a healthy growth, due to active development stage activities, the after-market sector is poised to witness a substantial growth over the forecast period.


This growth may be attributed to increasing demand from the Asia-Pacific region where cost-effective after-market solutions are widely available and future demand for these components is expected to be high. The advent of hybrid vehicles and self-driven cars is also expected to spur demand owing to extensive computer-based operating systems used in them. The industry depends heavily on the global automobile production. Since most chip manufacturers are entering into agreements with automakers, smaller companies are facing challenges to sustain in the market, impeding the overall industry growth. However, with the varying product features, firms may develop competency for specific components, imposing market growth.


Browse Details of Report @ https://www.hexaresearch.com/research-report/automotive-chip-market


Ongoing usage in automobiles incentivizes manufacturers to integrate related functions in their existing offerings, creating new products with multi-function capabilities. Manufacturers are focusing on automobile sector more as compared to communications, medical/healthcare, government, and military owing to the maximum demand. Automotive chips find numerous applications in safety, performance, and infotainment-related requirements. While the infotainment sector exhibits a healthy growth, the security and performance-related chips are yet to capture the market, which may be attributed to the relatively simplistic nature of the infotainment systems chips.


The safety and performance related circuits require extensive R&D on the manufacturer’s end, often causing a delay in rolling out products to consumers. However, with the increasing demand for computer-controlled safety and performance, the growth is anticipated to be high. Some of the key companies in the global market include Texas Instruments, Inc.; Renesas Electronics Corporation; Infineon Technologies AG; STMicroelectronics; NXP Semiconductors N.V.; and Robert Bosch GmbH; North America currently accounts for the majority revenue share of the global market followed by Europe and Japan. Asia-Pacific, with its growing population and increasing automobile demand, is expected to grow at a healthy CAGR over the forecast period, providing ample growth opportunities for the companies.


Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/automotive-and-transportation-industry

Rubber Transmission Belt Market is Likely to Surpass USD 4.41 Billion By 2025

29 October 2018, The Global Rubber Transmission Belt Market size is expected to reach at USD 4.41 billion by 2025. It is anticipated to expand at a CAGR of 3.0% from 2017 to 2025. The market is witnessing increased demand due to infrastructure development, particularly in Asia Pacific, and rapid industrialization and urbanization across the globe. Furthermore, governments of various countries are implementing strategies to attract investment in mining sector, which in turn, is projected to increase the demand for rubber transmission belt over the forecast period.


Infrastructure development and increasing mining and industrial sector in Brazil, Chile, Mexico, Russia, Ukraine, Poland, and Africa are projected to augment the demand for rubber transmission belt. Furthermore, governments of certain countries in South America are forcing on the development of mining industry. For instance, Brazilian government created the National Mining Agency, which focuses on implementing transparent strategies to increase investments in mining sector.


Inclination towards development of clean and green cities is expected to provide growth opportunity for the rubber transmission belt industry over the forecast period. Various municipal corporations are investing in green and waste-free cities to reduce carbon footprint. For instance, investment in the Smart Cities initiatives by Indian Government has resulted in increased investments from domestic and internal players in the regional market.


In 2017, solid woven conveyor belt segment held 50.5% revenue share in the global rubber transmission belt market. This type of transmission belt is widely used in harsh environments and underground mines. Increasing mining activities in Asia Pacific and South America regions are projected to fuel the demand for solid conveyor belts over the coming years.


Global rubber transmission belt market revenue, 2015 - 2025 (USD Billion)


Companies operating in the market are investing in product development to gain competitive edge. Companies are using synthetic polymers, such as PVG nitrile, which provide low temperature capabilities. The all-polyester, single-ply interwoven carcass provides low stretch, good fastener retention and tear resistance, all at an economical price.


Industrial application segment led the market in 2017, accounting for 53.7% of the overall revenue share. High investments in food and beverage, chemical, and pharmaceutical industries are projected to increase demand for rubber transmission belt. For instance, implementation of the National Chemical policies by the government of India to increase investments in chemical sector will offer new growth opportunities.


Furthermore, chemical and pharmaceutical manufacturers are shifting their manufacturing facilities to India, Japan, and china on account of the presence of cost-effective and skilled labor. This is projected to propel the rubber transmission belt market demand in the APAC region.


Asia Pacific is projected to expand at a CAGR of 3.4% from 2017 to 2025. Increasing mining activities in India, China, Japan, and Australia are expected to drive the regional market. Furthermore, high concentration of conveyor belt manufactures is expected to play crucial role in continuous product supply in the region. Moreover, presence of raw material suppliers in the region has led to increased production, thereby fueling region’s growth.


Many companies in the market are focusing on increase capacity expansion to gain competitive edge. For instance, Sempertrans Poland invested Euro 46 million for capacity expansion in Belchatów, Poland due to strong demand for high-quality products.

These companies are also investing in new product development. ContiTech AG, Fenner PLC and Semperit are some of the key companies in the market. ContiTech led the India rubber transmission belt industry in 2017while Semperit held more than 18% of the Europe regional market.


Browse Details of Report @ https://www.hexaresearch.com/research-report/rubber-transmission-belt-market


Hexa Research has segmented the global rubber transmission belt market report based on product, application and region:-


Segmentation by Product

  • Steel Cord Rubber Conveyor Belt
  • Multiply Fabric Conveyor Belt
  • Solid Woven Rubber Conveyor Belt


Segmentation by Application

  • Mining
  • Industrial
  • Construction
  • Harbor
  • Steel
  • Others


Segmentation by Region

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa


Key Players Analyzed

  • Continental AG
  • Bridgestone Corporation
  • Fenner PLC
  • The Yokohama Rubber Co., Ltd.
  • Zhejiang Double Arrow Rubber Co. Ltd.
  • Sempertrans
  • Bando Chemical Industries, Ltd.
  • Baoding Huayue Conveyor Co. Ltd.
  • Zhejiang Sanwei Rubber Item Co. Ltd.
  • Shandong Phoebus Rubber Co., Ltd.
  • Wuxi Boton Technology Co., Ltd.
  • Zhangjiagang Huashen
  • Hsin Yung Chien Co., Ltd.
  • FuXin ShuangXiang Industry And Mining Rubber & Plastic Products Co., Ltd.
  • Anhui Zhongyi Rubber Belts Co., Ltd.
  • Qingdao Rubber Six Conveyor Belt Co. Ltd.
  • Hebei Yichuan Rubber Conveyor Belt Group Co., Ltd.
  • Smiley Monroe Ltd.


Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/advanced-materials-industry

Global Gear Pump Market to Grasp USD 2.32 Billion by 2025

29 October 2018, The Global Gear Pump Market size is projected to reach USD 2.32 billion by 2025. The growth is driven by increasing scope of application in construction, automotive, and agriculture industries. In addition, growth of oil and gas industry is expected to be a key factor driving the market, especially in U.S. and the Middle Eastern countries. Gear pump is predominantly used for displacement, transfer, and extraction of fluids in the oil and gas industry.


Technological advancements play a strategic role in fostering demand for gear pumps in different industries. Various innovations, such as development of double gear pumps with minimal number of parts and axial gauge, are reducing the production cost while increasing the process reliability.


Global gear pump market, by application, 2015 - 2025 (USD Billion)


The integrated adaptive systems use computer assisted manufacturing, which increases the production quality and reduces the production time. For instance, Sumitomo Electric Industries, Ltd. designed Parachoid and Megafloid motors for improving efficiency of gear pumps. The advent of high-efficiency internal rotors has increased the efficiency and reliability of industrial operations.


External gear pump held 80.09% of the total market share in 2017. These are widely used as oil pumps in engines and as lubrication pumps in machine tools and fluid power transfer units. Favorable government policies in India and China to encourage investments in petrochemical and agrochemical production are expected to open new growth avenue over the forecast period.


Oil and gas segment led the global market in 2017 and is projected to expand at the highest CAGR of 4.4% during the forecast period. To meet the growing demand for oil, many companies are adopting techniques, such as microbial Enhanced Oil Recovery (EOR), CO2 injection, and thermal injection among others to increase oil production. This trend is expected to boost demand for technological advanced gear pump over the forecast period.


Growing global population and demand for food are driving growth of agriculture industry. Nevertheless, changing lifestyle and increasing disposable income are creating a huge demand for residential construction and passenger cars. Thus, rapidly expanding construction, automotive, and agriculture sectors, especially in emerging economies including China and India, would drive the market.


The Europe gear pump market is expected to register a CAGR of 3.3% from 2017 to 2025. Increasing government initiatives for minimizing energy consumption and CO2 emission coupled with demand for cost-effective solutions and quality products are expected to propel the growth. Moreover, rising focus on R&D activities by key companies is expected to provide substantial business opportunities.


In emerging economies, such as China and India, lower product penetration and extensive applications are the key growth opportunity drivers. Many prominent large- and medium-scale enterprises are investing in manufacturing positive displacement pumps. Therefore, certain economies within the Asia Pacific and Middle East and Africa regions are anticipated to be lucrative markets for gear pumps over the next few years.


Major manufacturers in the gear pump market are Eaton Corp. PLC; Bosch Rexroth AG; Kawasaki Heavy Industries, Ltd.; Haight Pumps; Viking Pump, Inc.; Parker Hannifin Corp.; Albany Pumps. These companies engage in manufacturing internal and external gear pumps. Each of these companies has a broad product portfolio wherein different series and models of gear pumps are featured with various combinations of specifications.


Browse Details of Report @ https://www.hexaresearch.com/research-report/gear-pump-market


Hexa Research has segmented the global gear pump market report based on product type, application and region:-


Segmentation by Product Type

  • Internal
  • External


Segmentation by Application

  • Construction
  • Automotive
  • Chemicals
  • Agriculture
  • Oil & Gas
  • Pulp & Paper
  • Food & Beverages
  • Others


Segmentation by Region

  • North America
  • U.S.
  • Europe
  • Germany
  • U.K.
  • Asia Pacific
  • China
  • India
  • Central and South America
  • Middle East and Africa


Key Players Analyzed

  • Eaton, Bosch Rexroth
  • Kawasaki Heavy Industries, Ltd.
  • Haight Pumps
  • Viking Pump, Inc.
  • Parker Hannifin Corp.
  • Albany Pumps
  • Pompe Cucchi Srl
  • PSG
  • VARISCO s.r.l.


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Flexible AC Transmission System (FACTS) Market Analysis

26 October 2018, The Flexible AC Transmission System (FACTS) Market size is expected to grow moderately over the forecast period. Surging demand for industrial and renewable energy applications along with general electrical utility is projected to drive the market. Large-scale technological developments and restructuring activities of existing power infrastructures across the globe are likely to bolster the growth of the market. Transformation of smart grids offers numerous opportunities in the market. The technology is developing at a significant rate, with the continuous emergence of new applications across different industry sectors.


Development of high-powered electronics systems is expected to drive the market further. FACTS technologies have a minimal impact on the environment and a small footprint. Project implementation times for such advanced power infrastructure are considerably lower along with lower investment costs than alternative of building more transmission lines or new power generation facilities. FACTS provide features such as higher flexibility and reliability for existing power infrastructure systems.


Static VAR Compensator (SVC) is extensively used in FACTS, followed by Fixed Series Capacitors (FSC) along with devices such as Static Synchronous Compensator (STATCOM), Unified Power Flow Controller (UPSC), and Interline Power Flow Controller (IPFC) required for power grids.


Improved control over voltage and power supply, reduced power loss during transmission, and improved power quality are some of the benefits of these systems. Such systems have the potential to enhance power system operation and increase import power capacities of the existing systems. It also provides load flow control in meshed systems, fast voltage regulation, and damping of active power oscillations.


Incorporation of renewable sources and evolution to smart grid by different countries provides an opportunity for the market across the globe. Around 60 countries across the world have upcoming renewable energy policies that make it mandatory for the energy retailers to specify the portions of their source of energy to renewable energies. Environmental effects, impact on public health, and regulations regarding land usage are the fundamental challenges faced by the the market. The cost of replacing and installing new FACT system is relatively high in comparison with the traditional transmission system. Moreover, lack of awareness about the benefits of these systems is anticipated to restrict the market growth.


Browse Details of Report @ https://www.hexaresearch.com/research-report/flexible-ac-transmission-system-facts-market


Railways, electrical utilities, steel, and oil and gas sectors are the major end-users of FACTS. The Flexible AC Transmission System (FACTS) market can be segmented on the basis of compensation type as series compensation, shunt compensation, and combined series and shunt compensation. Power electronic devices, reactors, thyristors, GIS switchgear, capacitor banks, Phase Shifting Transformers (PST), surge arresters, and protection and control systems are the major FACTS components. Thyristor Protected Series Compensation (TPSC) and the Short-Circuit Current Limiter (SCCL) are the recent developments in the market.


The Asia Pacific regional market is expected to lead the FACTS industry on account of increased demand for power transmission solution, voltage and power infrastructure in countries such as India and China. Moreover, the market for such technology in South East Asian countries such as Singapore, Malaysia, Indonesia, and Australia is expected to grow at a steady rate over the forecast period.


North America regional market led the global industry in the past acquiring a significant share of the market. Rising replacement and developments of the existing power infrastructures, along with integrating renewable sources in the power grids, in developed economies such as North America and Europe is expected to drive the regional industry over the next few years. Led by the demand from countries such as Germany, U.K., Spain, and Italy, the Europe regional market also accounted for a significant share of the market in the past.


Key companies in the global FACTS market include ABB Group, Adani Power Ltd., American Electric Power, Alstom, Siemens AG, Xian Electric Engineering Co. Ltd., and Toshiba Corp. Eaton Corporation recently acquired electrical equipment supplier Cooper Industries to form a new premier global power management company aimed at easier entry into the power infrastructure sector. The industry has been witnessing extensive mergers and acquisitions to make their mark in the market.


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Hospital Information Systems Market Analysis, Market Size, and Forecasts 2015 to 2025

25 October 2018, The global Hospital Information Systems (HIS) Market is expected to foresee a considerable growth over the forecast period. One of the crucial factors contributing to the HIS market growth is augmented demand for unconventional health monitoring systems. The global industry has been witnessing increased adoption of mobile devices and this trend is expected to continue over the forecast period. However, shortage of skillful professionals may pose a challenge to market growth in the coming years. Growing penetration of smartphones and mobile devices across the developed, as well as emerging economies, is anticipated to have a positive impact on the market growth.


These devices eliminate the need for patients to visit clinics or hospitals every time they require a diagnosis. They also provide regular updates regarding their illnesses enabling follow-ups and check-ups. Hence, mobile technologies are anticipated to advance healthcare facilities to a great extent over the forecast period. Rising need for advanced healthcare services on account of aging population and growing demand from patients is expected to boost the market over the forecast period. Furthermore, hi-tech technological developments, such as business intelligence and analytics, which help reduce the overall costs and provide improved results would also drive the market growth.


Rapid implementation of these systems in developing economies by the leading healthcare IT companies will also accelerate the market growth. Popular concept of emerging interrelated health systems, particularly in the healthcare and IT market, has led vendors to integrate necessary competencies to tap the growing market potential. Intense market merging activity has resurfaced over the last few years. This trend is anticipated to continue during the forecast period. Rapid technological developments coupled with growing government initiatives in improving health care facilities, particularly in emerging economies including India and China, is expected to fuel adoption of hospital information systems.


Efforts taken by various public and private firms for the development of global healthcare sector and substantial technological advances are also driving the adoption of HIS. Rapid demographic changes along with rising health concerns and health care costs have forced governments to boost the quality and outreach while simultaneously reducing related expenses. Governments around the world have been facing concerns to address financial limitations, as well as affordability and efficiency restraints of healthcare, due to rapidly growing population. IT has also forced governments to magnify their efforts in encouraging the adoption of HIS to upsurge clinical outcomes, as well as hospital productivity.


Browse Details of Report @ https://www.hexaresearch.com/research-report/hospital-information-systems-his-market


Substantial legislative and economic incentives have been offered by governments in North America, Europe, India, and China, to authorize digitalization of healthcare workflow. Growing demand and government funding for lesser errors and increased productivity have encouraged technological advancements in the healthcare IT industry. Amongst prominent technologies, which have considerably contributed to progressive adoption trends in this market are cloud-based and web-based HIS solutions. Software as a Service (SaaS) models have eliminated huge upfront costs associated with the acceptance of IT infrastructure, thereby escalating penetration of HIS into medium- and small-scale practices and among independent physicians.


Other technological improvements such as advanced clinical decision support systems and integrated speech recognition capabilities are also expected to continue contributing considerably in expanding the customer pool for HIS over the next few years. North America, Asia Pacific, Middle East and Africa (MEA), Europe, and Latin America are the major regional market for HIS. The North America region is anticipated to have the largest market share at the maximum growth rate followed by Asia Pacific and Europe.


Higher adoption of information systems in the region, particularly in U.S., due to growing implementation of IT services in the healthcare sector would dive the region’s growth. Numerous healthcare laws in the region, such as Affordable Care Act and Patient Protection Act, provide easy access to health insurance plans for consumers through subsidies. Most of these systems are being widely used in Arizona, Washington D.C., Colorado, Massachusetts, and New York.


Some of the key companies in the global Hospital Information Systems (HIS) market include McKesson Corp.; Siemens Healthcare Ltd.; Epic Systems Corp.; and Cerner Corp. Other companies are Healthcare Solutions Inc.; MEDHOST Solutions Corp. (Healthcare Management Systems Inc.); Computer Program and Systems, Inc.; NextGen Healthcare Information Systems LLC; Agfa Healthcare Corp.; CompuGroup Medical AG; Medical Information Technology, Inc. (MEDITECH); iSOFT Group PLC; Computer Sciences Corp.; Allscripts Healthcare Solutions, Inc.; Keane Care, Inc. (NTT Data Corp.); QuadraMed Corp.; and GE Healthcare.


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Digital Pathology Market Research Report

24 October 2018, The global Digital Pathology Market is expected to experience brisk growth over the forecast period owing to a rapid increase in cancer cases. Benefits such as easy consultation and accurate results are estimated to support the growth of the market.


Digital pathology is an image-based data system linked with computer technology, which manages information produced from a digital slide. It is also referred to as virtual microscopy that involves capturing, managing, analyzing, and interpreting digital data from a glass slide. The process includes generating glass slides and converting them to digital slides by using digital solutions such as scanning. A digital slide image document is then generated that allows high-resolution image viewing, analysis, and interpretation


These devices can be easily transported from one place to another, which makes their implementation in several clinics & healthcare centers easier and simpler. Moreover, rising awareness regarding benefits of the procedure is anticipated to stoke the growth of the market. Demand for drug innovation and development is likely to positively impact the industry over the coming years. Besides this, technological advancements and development of companion equipment are projected to supplement the growth of the market.


Its ability to augment work efficiency and understanding and handling ease is poised to motivate its usage for health-related decision making. Superior characteristics such as easy transportation and high system efficiency help doctors and other healthcare professional to diagnose disorders even in isolated regions within the body. This system helps real-time decision making and provides effective workflow.


Several advantages such as cost reduction after its implementation, high reliability in decision making, fast & accurate test results, and efficiency in analysis are expected to fuel its demand over the forecast period. Cost reduction is achieved by minimizing data and slide delivery cost and by reducing procedure costs.


Stringent government rules and regulation are estimated to hamper the growth of the market over the forecast period as its implementation requires proper approval. Conservative attitudes towards usage of such systems and dependency on alternative methods for pathology test are anticipated to limit the market from realizing its utmost potential. Huge cost and massive initial investments are anticipated to have a negative impact on the growth of the market.


Some of the major challenges faced by the market are issues related to interoperability and industry standardization as formats mostly differ from region to region. On the other hand, affordable scanners for private pathology learning are likely to shape the future of the market. Penetrating into new applications such as biopharmaceuticals and drug toxicology study is projected to open new avenues for industry participants.


Browse Details of Report @ https://www.hexaresearch.com/research-report/digital-pathology-market


Scanners, digital pathology information management systems, information storage devices, visualizing software, image analysis platform, web-based communication mode, and cloud-based delivery systems are some of the common products used for digital pathology. There are several application areas for this market, which can be mainly classified into human pathology and animal pathology.


Human pathology includes pharmaceuticals & biotechnology companies, training & education, hospitals, academic laboratory centers, and reference laboratories. On the other hand, animal pathology includes government and academic research institutes, biotechnology & pharmaceuticals companies, and contract research organizations.


Developed regions such as North America and Europe are at the forefront of the market. These regions will continue to account for a sizeable share in the market over the forecast period. The growth of the market in North America can be attributed to constant R&D initiatives along with product innovation leading to better product development.


Emerging regions such as Asia Pacific are poised to witness significant demand for this system over the forecast period. The region is expected to rise at a lucrative CAGR over the forecast period due to increasing awareness regarding advantages of digital pathology. Developing countries such as Brazil, China, and India are estimated to be sights of high growth rates in the global arena.


The digital pathology market is highly cost intensive and requires heavy initial investment for installation purpose. Market participants are investing heavily in research and development initiatives to have a competitive advantage over their contemporaries and develop novel products. Prominent industry participants include 3dhistech Ltd.; Aurora Interactive Ltd.; Definiens AG; Hamamatsu Photonics K.K.; Indica Labs, Inc.; Leica Biosystems, Gmbh; Mikroscan Technologies, Inc.; Huron Technologies International, Inc.; Objective Pathology Services Ltd.; Xifin, Inc.; Pixcelldata Ltd.; Ventana Medical Systems, Inc.; ApolloPacs, Inc.; Corista LLC; Digipath, Inc.; Kanteron Systems; Ligolab, LLC; Nikon Instruments, Inc.; Omnyx; LLC ;Pathol Ltd.; Sunquest Information Systems, Inc.; and Visiopharm.


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Synthetic Diamonds Market Size to Surpass USD 28.26 Billion by 2024

24 October 2018, The global Synthetic Diamonds Market is estimated to be worth USD 28.26 billion by 2024 as a result of its increasing demand for cutting, polishing, and drilling. Increasing utilization of these functions for development of infrastructure coupled with the growing spending on the sector is likely to propel market growth over the projected period.


Expansion of the electronics and healthcare production base in countries including India and China is expected to provide new opportunities for the development of the market. Presence of manufacturing bases of companies including Samsung, Apple, Sony, Abbott, and GSK in Asia Pacific is expected to drive the demand for synthetic diamonds in various industrial applications.


Global synthetic diamond market revenue, by process, 2014 - 2024 (USD Billion)


North America synthetic diamond market was valued at USD 3.89 billion in 2016 and is expected to witness above-average growth in light of rebound of the manufacturing sector. However, the presence of a stringent regulatory framework for the mining sector is likely to deter growth. Nonetheless, usage of synthetic diamonds in the existing mining processes is expected to support the market.


Asia Pacific is likely to witness the fastest growth at a 9.1% CAGR over the projected period owing to the tremendous untapped potential of the manufacturing sector in the region. Increasing use of synthetic diamonds in various manufacturing processes owing to their relatively low cost and ease of availability.


Polished synthetic diamond market is anticipated to grow at a CAGR of 8.3% over the projected period on account of their relatively low demand in industrial application. However, the increasing use of these stone in jewelry coupled with the rising consumer awareness regarding fashionable accessories is expected to open new avenues for the growth of the market.


Electronics was the largest application segment and is expected to witness growth at a CAGR of 8.7% over the projected period. Increasing demand for consumer electronics including washing machines, refrigerators, HVAC, smartphone, and tablets is expected to drive the market for synthetic stones subsequently.


Browse Details of Report @ https://www.hexaresearch.com/research-report/synthetic-diamond-market


Centaurus Technologies Inc., Applied Diamond Inc., Element Six, New Diamond Technology, and ILJIN are some of the prominent players in the market. These companies are focusing on R&D to develop stones with a higher carat. For instance, using the HPHT process, New Diamond Technology (NDT) unveiled a 10.07 carat blue stone in September 2016.


Hexa Research has segmented the global synthetic diamonds market based on operating process, type, application and region:


Segmentation by process, 2014 - 2024 (USD Million)


  • HPHT (High Pressure High Treatment)
  • CVD (Chemical Vapor Deposition)


Segmentation by type, 2014 - 2024 (USD Million)


  • Rough
  • Polished


Segmentation by application, 2014 - 2024 (USD Million)


  • Construction & Mining
  • Electronics
  • Jewelry
  • Healthcare
  • Others


Segmentation by region, 2014 - 2024 (USD Million)


  • North America
  • U.S.
  • Europe
  • Russia
  • Asia Pacific
  • India
  • China
  • Rest of the World (RoW)


Key players analyzed


  • Applied Diamond Inc
  • Centaurus Technologies Inc.
  • Crystallume
  • Element Six
  • New Diamond Technology
  • Pure Grown Diamonds LLC
  • Scio Diamond Technology


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U.S. Medical Cannabis Market Size Worth USD 19.48 Billion by 2024

22 October 2018, The U.S. Medical Cannabis Market is expected to be valued at USD 19.48 billion by 2024, driven by its numerous medical benefits particularly by patients suffering from cancer, chronic pain and diabetes. Favorable regulatory environment across numerous states including California and Colorado is expected to fuel the growth of the market over the next few years.


Medical Marijuana Regulation and Safety Act implemented in 2015 permits the cultivation and use of cannabis dispensaries at the state and local level which has been one of key drivers to fuel the U.S market. The rising number of states receiving approval to utilize cannabis for consumption in medical cases is expected to be one of the crucial factors to upsurge the demand for medical marijuana over the forecast period.


U.S. medical cannabis market, by usage, 2014 - 2024 (USD Billion)


 Over the past few decades, there have been several controversies surrounding legalization of cannabis for medical purposes; however, increasing signs of medical benefits received from the consumption of cannabis has resulted in the herb being legalized across various states in the nation. The industry is expected to witness significant growth during the forecast period owing to greater consumer acceptance along with an increasing number of companies entering the market.


The symptoms and conditions that can be treated by the herb include cancer, arthritis, epilepsy, nausea, pain Alzheimer’s disease, anorexia, AIDS, HIV, glaucoma, cachexia, Crohn’s disease, migraines, and multiple sclerosis. Chronic pain accounted for 46% of the U.S. cannabis medical market share in 2016. The ability of medical marijuana to curb pain is expected to gain popularity among patients diagnosed with chronic illnesses and pain.


Browse Details of Report @ https://www.hexaresearch.com/research-report/us-medical-cannabis-market


In 2016, solid edibles segment dominated the U.S market generating revenues worth USD 2.47 billion and is expected to continue dominating the industry over the forecast period. The future product innovation and potential growth are substantial owing to continuous development from the consumption of cannabis infused products owing to their numerous applications including lotions, bath salts, shampoo, lip balm, toothpaste, coffee pods, baked brownies cookies, candy, confectioneries, beverages, vinegar and oils.


California is known to be the first state in U.S. that legalized cannabis for medical purpose. In 2016, California recorded the highest revenue generation and is expected to grow at a CAGR of 13% over the projected period. Over the next few years, more number of state governments are expected to legalize cannabis owing to its numerous benefits which will fuel its growth over the projected period.


Hexa Research has segmented the U.S. medical cannabis market based on usage, consumption and state:


Segmentation by usage, 2014 - 2024 (USD Million)

  • Chronic Pain
  • Arthritis
  • Migraine
  • Cancer
  • Others


Segmentation by consumption, 2014 - 2024 (USD Million)

  • Solid Edibles
  • Inhalation
  • Liquid Edibles
  • Topical


Segmentation by state, 2014 - 2024 (USD Million)

  • California
  • Colorado
  • Washington
  • Arizona
  • Michigan


Key players analyzed

  • American Cannabis
  • Canopy Growth Corporation
  • Greengro Technologies
  • Medical Marijuana Inc.
  • United Cannabis
  • Terra Tech Corp.
  • Mentor Capital, Inc
  • Cannabis Sativa, Inc.
  • GBSciences, Inc.
  • The Green Solution


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E-book Market Size is Expected to Reach USD 29.43 Billion by 2024

22 October 2018, The global E-book market is set to reach USD 29.43 billion by 2024, primarily driven by the advancement in technology, rising population of educated youth, increasing smartphone penetration across the globe, government policies promoting smart education, free accessibility and e-book reader applications. Moreover, the availability of an online translation of e-book in various local languages is anticipated to drive the market over the forecast period.


Asia Pacific is anticipated to witness the fastest growth over the forecast period on account of rising adoption of smartphones and other digital reading platforms such as Adobe eBook platform and Kindle. India and China have a large number of educational institutes than any other country in the region. These educational institutes are preferring e-books over the conventional books to reduce the space as well minimize the cost attached to with paper books.

Global E-book market revenue, by genre, 2014 - 2024 (USD Billion)


Over 60% of the books sold in this region are educational owing to the higher number of educational institutes. Preference of digitalization, especially journals in STM (Science, Technology and Medicine), to access a larger volume of data seamlessly is expected to propel growth. This factor is expected to drive the growth of the nonfiction & education segment, resulting in 28.4% contribution to the overall market by 2024.


Fictional books contributed to the largest revenue share in 2016. The demand for the genre has been increasing on account of consumer preference for leisure reading, and the segment is expected to grow at a 7.8% CAGR over the forecast period.


The industry has been characterized by the presence of big companies that have been operating in the market for a substantial period including Amazon, Hachette, Harper Collins, Penguin Random House and Kensington Publishing. These companies have been focusing on marketing strategies on expanding the reach of the market to consumers located in urban as well as rural areas. These companies are also expanding their user base within cities.


For instance, Kindle Unlimited is a new feature launched by the firm which gives users access to the thousands of audiobooks and e-books every month. This app also has a library management feature which helps readers to organize e-books without any difficulties. The popularity of digitization and accessibility is expected to grow in tandem with the development of digital books industry.


Browse Details of Report @ https://www.hexaresearch.com/research-report/e-book-market


Hexa Research has segmented the global E-book market based on genre and region:


Segmentation by Genre, 2014 - 2024 (USD Million)

  • Fiction
  • Nonfiction & education
  • Literature
  • Children’s book
  • Comics & graphic novels
  • Others


Segmentation by Region, 2014 - 2024 (USD Million)

  • North America
  • U.S.
  • Europe
  • Germany
  • UK
  • Asia Pacific
  • China
  • India
  • Rest of World


Key players analyzed

  • Amazon
  • Hachette
  • Harper Collins
  • Penguin Random House
  • Kensington Publishing
  • Bloomsbury India
  • LuLu


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