Autore: Mohit Patil

The global carpets and rugs market size was valued at USD 50.29 billion in 2022 and is projected to grow from USD 55.28 billion in 2023 to USD 106.01 billion by 2030, exhibiting a CAGR of 10.03% during the forecast period.

Carpets and rugs are used in residential and commercial sectors to offer an extra layer of padding to shield the floor. The demand for carpets and rugs is growing globally to the cold during winter. The demand for carpets and rugs is rising significantly globally due to their practical qualities and aesthetics.

This information is provided by Fortune Business Insights™ in its research report titled “Carpets and Rugs Market, 2023-2030.”

List of Key Players Profiled in the Carpets and Rugs Market Report:

• Tai Ping Carpets International Ltd. (China)
• Mohawk Industries Inc. (U.S.)
• Lowe's Companies Inc. (U.S.)
• Tarkett Group (France)
• Victoria Carpets Ltd. (U.S.)
• Shaw Industries Group Inc. (U.S.)
• Inter Ikea Systems B.V. (Netherlands)
• Genie Carpet Manufacturers (India)
• Beaulieu International Group (Belgium)
• Royalty Carpet Mills Inc. (U.S.)
• Oriental Weavers Company (Egypt)

Segments:

Tufted is Anticipated to Hold the Largest Share and Fuel the Market Growth

On the basis of product, the market is segmented into Knotted Pile, Woven, Tufted, Needle Punched, and others. Tufted held a subsequent carpets and rugs market share owing to the easy availability of various designs, durability, fast product production time, and cost-effectiveness. Consumers’ preferences are dynamically changing in the market, and they prefer affordable and washable carpets.

Synthetic-made Yarn Segment to Dominate the Market Share

Based on material, the rugs and carpets market is divided into plant-made yarn, animal-made yarn, and synthetic fibers. The synthetic-made yarn holds a major share of the market due to the high preference among consumers as they are durable and cost-efficient, and stain restraint. The synthetic fibers include polyester, nylon, and olefin.

Growing Number of New Residential Homes to Foster Market Growth

According to the application, the carpets and rug market is fragmented into commercial and residential based on application. The residential segment held the largest market share due to the growing trend of carpeting in the household to enhance the interior and décor with unique colors and patterns.

Report Coverage:

The report gives an insight into the major trends impelling industry expansion over the forthcoming years. It further provides an in-depth analysis of the key factors propelling the business landscape across various regions. Additional insights comprise the key steps taken by major industry participants to strengthen their market presence.

Competitive Landscape:

Major Players such as Tarkett Group, Tai Ping Carpets International Ltd, and Shaw Industries Group Inc. have focused on partnerships & expansions for a strong foothold in the market. Players focus on marketing and promotion and marketing strategies to create strong brand awareness. Obeetee Carpets, a new collection, has been launched by an India-based handwoven carpets manufacturer, the Ajmer Collection. The new collection of carpets is created entirely with motifs and patterns derived from the architecture of Ajmer Fort.

Drivers:

Increasing Number of Technologically Advanced Products to Foster Market Expansion

The availability of technologically advanced products has subsequently grown due to trends like customizations in both residential and commercial sectors, convenience, and unique theme designs. Manufacturers focus on launching new innovative products, rising product demand, and fostering market growth. The rapid fluctuations in the prices of raw materials such as crude oil, the main ingredient for producing polyester staple fiber and nylon and other fibers, increase the prices of raw materials required for manufacturing carpets and rugs. This factor is said to restrain the market growth.

Regional Insights:

North America is Anticipated to Dominate the Market Share Owing to Rising Demand for Home Decoration

North America dominated the market and was valued the highest in 2022. The fast expansion of housing and construction activities, especially in the U.S., is bolstering market growth. Moreover, the increasing demand for home decoration trends and the rising demand for new homes is increasing product demand in the given projected period. Nowadays, the key manufacturer of carpets and rugs are launching new products to cater to the increasing demand from consumers for innovative and bearable products.

Europe is anticipated to grow significantly owing to increased demand for eco-friendly & sustainable carpets and a growing focus on contemporary surface rugs. Germany is one of the major contributors to this region’s growth due to the increase in residential real estate and infrastructure improvements, such as commercial offices and production sites.

Key Industry Developments:

• September 2021: Jaipur Rugs, a handmade carpets manufacturer, opened its new flagship store in Milan. The new store is built on over 160 sq. mt, home to a wide range of contemporary, modern, transitional, and traditional hand-knotted rugs.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/carpets-rugs-market-104509

The global video games market size was valued at USD 188.73 billion in 2021 and is projected to grow from USD 199.74 billion in 2022 to USD 307.19 billion by 2029, exhibiting a CAGR of 6.3% during the forecast period. Fortune Business Insights™ mentioned this in a report titled, “Video Games Market, 2023-2029.”

List of Key Players Profiled in the Video Games Market Report:

• Sony Group Corporation (Japan)
• Microsoft (U.S.)
• Nintendo (Japan)
• Tencent (China)
• Activision Blizzard (U.S.)
• Electronic arts (U.S.)
• Epic Games (U.S.)
• Take-two interactive (U.S.)
• Ubisoft (France)
• Bandai Namco Holdings Inc. (Japan)

Report Coverage-

The report provides an extensive overview of key drivers and challenges impacting market augmentation over the forecast timeframe. It studies the market thoroughly by fragmenting it into segments and regions. Growth rate and market share estimates of each segment and region are documented as well. Moreover, the report encompasses company profiles section that briefs readers about strategic moves made by leading players and enables them to make informed decisions.

Drivers & Restraints-

Increasing Integration of Advanced Technologies will Stimulate Industry Expansion

The growing integration of 3D, sound effects, high-definition graphics, Augmented Reality (AR), and Virtual Reality (VR) in games increases their appeal. Video games nowadays are very realistic due to their high-quality visual effects, sound effects, and detailing. A shift toward user centricity and personalization is further contributing to the global video games market growth.

On the other hand, rising concerns regarding growing aggression among teenagers due to the promotion of violence in games will act as a challenge for businesses operating in this domain. 

Factors Affecting the Growth of the Video Games Market:

• Technological Advancements: Advancements in technology have significantly impacted the video games market. The introduction of high-performance gaming consoles, virtual reality (VR) devices, and powerful gaming PCs has enhanced the gaming experience and attracted a larger audience.
• Increased Access to Internet and Mobile Devices: The widespread availability of high-speed internet and the proliferation of smartphones and tablets have made gaming more accessible than ever before. Mobile gaming has particularly gained popularity, allowing people to play games on the go.
• Rising Disposable Income: As disposable incomes continue to rise globally, consumers have more spending power to invest in leisure activities like gaming. The affordability of gaming consoles, PCs, and games themselves has increased, making them accessible to a broader range of consumers.
• Growing Esports Industry: Esports, or competitive video gaming, has experienced tremendous growth in recent years. The rise of professional gaming tournaments and leagues has attracted a massive audience, driving the demand for video games and related merchandise.
• Expanding Demographic Reach: Video games are no longer limited to a specific age group or gender. The industry has successfully expanded its reach to include a diverse demographic, including children, teenagers, adults, and even older adults. This expansion of the target audience has led to increased market growth.
• Digital Distribution and Online Gaming: The availability of digital distribution platforms such as Steam, PlayStation Network, and Xbox Live has revolutionized the gaming industry. Players can now easily purchase and download games directly to their devices, eliminating the need for physical copies. Online multiplayer gaming has also become increasingly popular, creating social communities and driving engagement.
• Cross-Platform Gaming: The ability to play games across multiple platforms, such as consoles, PCs, and mobile devices, has further contributed to the growth of the video games market. Cross-platform compatibility allows players to connect and compete with friends, regardless of the devices they use.
• Gaming as a Social Activity: Gaming has evolved from being a solitary activity to a social experience. Online multiplayer games, streaming platforms like Twitch, and social media integration within games have fostered a sense of community among players. This social aspect has attracted more individuals to engage in gaming.
• Constant Game Innovation and Diversification: Game developers continuously introduce new and innovative titles, genres, and gameplay mechanics to keep the market dynamic. The introduction of virtual reality, augmented reality, and other immersive technologies has opened up new possibilities and attracted consumer interest.

These factors collectively contribute to the growth of the video games market, which is expected to continue expanding as technology advances and consumer preferences evolve. 

Segments-

Increasing Penetration of Smartphones will Drive Market Growth

Based on device, the global market is split into smartphones, PC/laptop, and consoles. Among these, the smartphones segment held the largest video games market share. Increasing adoption of smartphones and easy access to 5G networks resulted in a rise in the number of gamers. Technological advancements in smartphones and availability of high speed internet have boosted mobile gaming, which will also aid market proliferation.

Technological Advancements and Tech Savvy Populace will Aid Market Proliferation

According to age group, the market is divided into generation X, generation Y, and generation Z. Generation Z is tech savvy as they grew up in an era of technological advancements, availability of high speed internet, and growing smart phone penetration.

Launch of Gaming Smartphones Will Propel the Market

As per platform type, the market is arrayed into online and offline. Among these, the online segment captured the largest share due to launch of new smartphones with advanced features, increasing digitization, and rapid internet penetration. The segment consists of various types of games such as first-Person Shooter Games (FPS), Multiplayer Online Battle Arena Games (MOBA), Real-Time Strategy Games (RTS), Battle Royale games, and others.

Geographically, the market is fragmented into North America, South America, Europe, Asia Pacific, and the Middle East & Africa.

Regional Insights-

Asia Pacific to Dominate Stoked by Presence of Leading Players

Asia Pacific is a leading contributor to market growth owing to the presence of leading companies in the region and rising internet and smartphone penetration. The growing usage of smartphones urges developers to focus on developing multiplayer video games such as PUBG and COD to meet the demand of expanding consumer base, which, in turn, propels market expansion.

North America is projected to grow rapidly owing to expanding gaming community, easy access to internet, and availability of devices with advanced technology.

Competitive Landscape-

Product Launches to Promote Market Augmentation

Leading companies often make strategic decisions such as partnerships, mergers & acquisitions, collaborations, and investments in research & developments to maximize profits. One such decision is to launch new products with advanced features to meet growing consumer requirements.

Key Industry Development-

• July 2022: Asus launched the new ROG Phone 6 Pro and ROG Phone 6 and expanded its gaming smartphone line. The phones have IPX4 rating, latest Snapdragon 8+ Gen 1 system-on-chip, 512 GB storage, and up to 18GB RAM.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/video-game-market-102548

The global baby care products market size was valued at USD 204.75 billion in 2021 and USD 215.13 billion in 2022. The market is expected to reach USD 331.92 billion by 2029 with a CAGR of 6.4% during the forecast period. Baby care products have been growing as they are the basic requirement for any baby. Increase in the number of new born babies has given rise in demand for baby oil, baby shampoo, baby powder, diapers, baby wipes, baby seat and safety products, baby food, baby apparel, and baby toys. Fortune Business Insights™ shares this information in its report titled “Baby Care Products Market, 2022-2029.”

Disruptions in Supply Chain During Pandemic Led to Negative Market Growth

The COVID-19 pandemic led to the closure of supermarkets and hypermarkets due to restrictions. Blockages in the supply chain of personal care industry, international trade restrictions, and the closure of manufacturing facilities significantly lowered the product manufacturing and consumption rate globally. The pandemic negatively impacted the sales of major brands such as Johnsons & Johnsons, Procter & Gamble, and Kimberley Clark.

Fortune Business Insights™ lists out all the baby care products market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

• Johnson & Johnson (U.S.)
• Kimberly-Clark Corporation (U.S.)
• The Himalaya Drug Company (India)
• Procter & Gamble Company (P&G) (U.S.)
• Honasa Consumer Private Limited (Mamaearth) (India)
• Beiersdorf AG (Germany)
• Sebapharma GmbH & Co. KG (Germany)
• Nestlé S.A. (Switzerland)
• Unilever plc (U.K.)
• Essity AB (Sweden)

Report Coverage

The report provides a detailed analysis of the top segments and latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Drivers and Restraints

Innovation in Baby Food Products to Drive Product Expansion

Innovations in baby care products, which include different blends of fats and proteins is anticipated to drive the baby care products market growth. Increase in demand for high quality infant food products that provide the required nutrition for babies is driving the market growth. In March 2021, Danone, a French company, launched formula milk which will be sold in pre-measured tab format in the U.K. The new formula milk tabs dissolve easily, making it simple and convenient for mothers to feed babies.

However, use of chemicals in baby products makes them unsafe to use on infants. Using such harmful products can lead to various health problems, which is projected to obstruct market growth.

Segments

Cosmetics & Toiletries to Lead Due to a Wide Range of Products

On the basis of product type, the market is divided into cosmetics & toiletries, baby food, baby safety & convenience, and others. Cosmetics & toiletries segment is anticipated to dominate as they are used frequently on baby’s skin. It includes various products such as shampoos, conditioners, soaps, and wipes. They offer various benefits such as rapid hydration and rejuvenated skin. These products are simple to use and offer an efficient way to deal with problems such as dryness, infections, and diaper rashes.

Infants Segment to Lead Due to Growing Demand for Premium Infant Products

Based on end-user, the market is segmented into toddlers and infants. Infants segment is the fastest growing segment as infants can get easily affected and exposed to bacteria. The growing demand for sustainable and premium infant products accelerated the market growth in 2021.

Offline Channel to Lead the Segment Due to Increasing Number of Supermarkets

Based on sales channel, the market is divided into online and offline. Offline segment is expected to have a major part due to rise in supermarkets, hypermarkets, and specialty stores in numerous regions in 2021. Online sales channel is also set to have significant growth due to rise in various e-commerce platforms.

Geographically, the market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Regional Insights

Asia Pacific to have Dominance in Market Share Due to Increasing Rate of Urbanization

Asia Pacific is expected to govern the baby care products market share as it reached the valuation of USD 67.32 billion in 2021. The region has two of the most populated countries in the world, India and China. Increasing rate of urbanization and rise in spending by the consumers have contributed to the development of the market in 2021.

North America is the second-fastest growing region in the market due to high adoption of baby care kits, including strollers, car seats, baby monitors, and safety gates. Parents in the U.S. focus on products that offer nutritional needs for their babies.

The Europe market is set to have significant growth due to a number of well-informed parents in countries such as Germany, Italy, the U.K., and France.

Competitive Landscape

Acquisition Strategies by Key Players to Develop Market Path

Key players have been focusing on collaboration and acquisition strategies enabling them to gain a competitive edge. In April 2022, ITC, an India-based brand, announced the acquisition of 10% of Blupin Technologies Pvt. Ltd. Later, the company owns the direct-to-consumer mother and baby platform Mylo. Through this acquisition, ITC desires to expand its presence in the baby care D2C market. Focus on growth strategies will help the consumers to gain and expand their consumer base.

Key Industry Development

• July 2022: Johnson & Johnson launched a new skin and hair care brand for babies called "Vivvi & Bloom". The brand is launching shampoo, body lotion, and body massage oil for babies and toddlers. The brand launched the products to meet the increasing need of millennial parents for their little ones.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/baby-care-products-market-104267

The global toilet paper market is set to gain momentum from the rising awareness of deforestation while producing paper pulp. This information is given by Fortune Business Insights™ in a new report, titled, “Toilet Paper Market Size, Share & COVID-19 Impact Analysis, and Regional Forecast, 2020-2027.” The report further states that the market size was USD 26.14 billion in 2019 and is projected to reach USD 38.34 billion by 2027, exhibiting a CAGR of 4.9% during the forecast period.

List of Key Players Profiled in the Toilet Paper Market Report:

• Procter & Gamble Co. (Cincinnati, U.S.)
• Kimberly-Clark (Dallas, U.S.)
• Essity AB (Stockholm, Sweden)
• Georgia-Pacific LLC (Atlanta, U.S.)
• Hengan Group (Jinjiang, China)
• Sofidel Group (Porcari, Italy)
• Kruger Inc. (Montreal, Canada)
• Empresas CMPC S.A (Santiago, Chile)
• WEPA Hygieneprodukte GmbH (Arnsberg,  Germany)
• Unilever (London, U.K.)

Segments-

Household Segment to Grow Rapidly Stoked by Rising Number of Nuclear Families

Based on application, the household segment generated 60.16% in terms of the toilet paper market share in 2019. This growth is attributable to the increasing usage of this paper in homes as it is considered to be an essential daily-use commodity. Besides, the surging trend of living alone, as well as the rising number of nuclear families in urban areas would aid the growth of this segment.

Regional Analysis-

Surging Number of Hospitality Facilities to Favor Growth in Europe

Geographically, Asia Pacific earned USD 9.55 billion in 2019 in terms of revenue. Though the per capita toilet paper usage is relatively lower in this region, the rapid industrialization and urbanization would result in the development of improved restrooms, thereby leading to rising demand.

North America, on the other hand, is anticipated to grow significantly backed by the rising spending power of people residing in Canada and the U.S. Europe is set to show rising usage of this paper because of the increasing number of hospitality facilities in the region.

Drivers & Restraints-

Rising Working-class Population to Spur Demand

The rising trend of travel and tourism is expected to broaden the hospitality industry worldwide. The demand for toilet paper in restaurants, resorts, and hotels is growing rapidly on account of the increasing hygiene requirements. Apart from that, the surging working-class population will further raise the usage of this product in corporate sectors and offices. For instance, the U.S. Census Bureau’s data on Country Business Pattern revealed that the total number of establishments was 7,860,674 in 2017. It reached 7,912,405 in 2018. These factors are set to propel the toilet paper market growth in the coming years. However, the rising popularity of bidet toilets may hamper growth by limiting demand.

Competitive Landscape-

Key Players Focus on Investing in the Development of New Production Facilities

The market for toilet paper houses a large number of manufacturers that are mainly aiming to invest hefty amounts of money in developing new production facilities. They are doing so to increase their production capacities and to cater to the rising demand worldwide.

Below are the two latest industry developments:

• September 2020: Andritz AG bagged a new order from Guangdong Hengan Paper Co., Ltd. to provide four tissue machines to its mill situated in China. It will be used to produce premium-quality handkerchiefs, toilet, facial, and napkin tissue made out of virgin market pulp.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/toilet-paper-market-104298

The global private tutoring market size is expected to reach USD 171.93 billion by 2028, exhibiting a CAGR of 8.3% during the forecast period. The requisite for higher education in developing countries will subsequently improve the prospects of private tutoring, in a report, titled “Private Tutoring Market, 2021-2028.” The market size stood at USD 92.59 billion in 2020. 

The Private Tutoring Market Report covers potential improvement drivers as properly as the modern-day key of market share, penetration of a number of kinds, technologies, applications, and areas through forecast till 2028.

How will you analyze the competitional analysis between top key players included in the report?

With the aim of clearly revealing the competitive state of the industry, we concretely analyse not only the leading plyers that have a voice on a global scale, but also the regional small and medium-sized players that play key roles and have plenty of potential growth.

Who are some of the key players operating in the Private Tutoring Market and how high is the competition 2023?

• Educomp Solutions Ltd. (Gurgaon, India)
• Sylvan Learning, LLC (Baltimore, U.S.)
• Daekyo Co., Ltd. (Seoul, South Korea)
• Kumon Institute of Education Co., Ltd. (Tokyo, Japan)
• Kaplan Inc. (New York, U.S.)
• Action Tutoring (London, U.K.)
• Chegg, Inc. (Santa Clara, U.S.)
• Ambow Education Holding Ltd. (Beijing, China)
• TAL Education Group (Beijing, China)
• Mathnasium LLC (Los Angeles, U.S.)

What is a major information source?

Both Primary and Secondary data sources are being used while compiling the report.
Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

How Did We Conduct Our Research?

The report involved four notable activities in projecting the current market size. Exhaustive secondary research was conducted to gather data about the parent and peer markets. Our next step included primary research to authenticate these sizing, assumptions, and findings with numerous Private Tutoring industry experts. We have also used bottom-up and top-down approaches to calculate the market size.

Which are the driving factors of the Private Tutoring market?

The increasing competition among students has resulted in high demand for private tutoring, which will boost the market growth. The rising difficulty in level entrance exams by renowned schools or universities can create lucrative opportunities for this market. As per the Global Education Census Report 2018 published in November 2018 by Cambridge Assessment International Education, about 4 in 10 surveyed students (43%) had received private tuition outside the school worldwide, wherein in China, it accounted for more than 5 in 10 observed students (57%), followed by India (55%), and 1 in 10 students in the U.S. Furthermore, the increasing expectations of parents for high marks in academics from their children will accelerate the growth of the market. Besides, raising consciousness regarding learning in developing nations will simultaneously enable speedy expansion of the market.

Remote Teaching to Amplify Growth During Coronavirus

The temporary closure of education institutes due to the pandemic has adversely impacted the education industry. As per the article, ’The Impact of the Covid-19 Pandemic on Education Financing’, published in May 2020 by World Bank Group, the real growth in education spending per capita in all countries, as per downside forecast, was estimated to decline at a rate of -5.7% in 2020. However, the shift towards online education will consequently stabilize the market amid COVID-19. Besides, the growing popularity of online learning due to its convenience will boost the private tutoring market growth. 

Which segment is expected to lead the global Private Tutoring Market Market during the forecast period?

By Subjects 

• Academic
• Non-academic

By Application 

• Up-to K-12
• Post K-12

By Mode

• Offline
• Online

By Geography

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

Private Tutoring Market Research Scope:

• Global Private Tutoring Market size and growth projections (CAGR), 2021-2028
• COVID impact on the Private Tutoring industry with future scenarios
• Private Tutoring Market size, share, and outlook across 5 regions and 16 countries, 2021-2028
• Private Tutoring Market size, CAGR, and Market Share of key products, applications, and end-user verticals, 2021-2028
• Short and long-term Private Tutoring Market trends, drivers, restraints, and opportunities
• Porter's Five forces analysis, Technological developments in the Private Tutoring Market, Private Tutoring supply chain analysis
• Private Tutoring trade analysis, Private Tutoring Market price analysis, Private Tutoring supply/demand
• Profiles of Top leading companies in the industry overview, key strategies, financials, and products
• Latest Private Tutoring Market news and developments analysis

Which regions are dominating the Private Tutoring Market growth?

The market in Asia Pacific is expected to hold the largest private tutoring market share during the forecast period. The growth is attributed to coaching classes' popularity primarily in China, Japan, South Korea, and Southeast Asian nations. In May 2020, the press release of Yonhap News Agency reported the results of an annual survey conducted by the National Statistics Korea and the Ministry of Gender Equality and Family. It was reported that, in 2019, about ¾th of the students received private tutoring in South Korea, wherein students spent, on an average, 6.5 hours/week for this tutoring. Also, the increasing middle-class population is likely to spur business opportunities for the market in Asia Pacific.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/private-tutoring-market-104753

The global sports footwear market size was USD 93.57 billion in 2020 and is projected to grow from USD 97.42 billion in 2021 to USD 134.99 billion in 2028 at a CAGR of 4.8% during the 2021-2028 period. This information is given by Fortune Business Insights™ in a report titled, “Sports Footwear Market, 2023 – 2028.” 

List of Key Players Profiled in the Sports Footwear Market Report:

• Under Armour, Inc. (Baltimore, U.S.)
• Skechers, USA Inc. (Manhattan Beach, U.S.)
• Fila Holdings Corp (Seoul, South Korea)
• Converse (Boston, U.S.)
• Diadora S.p.A. (Caerano di San Marco, Italy)
• ASICS Corp. (Chuo City, Japan)
• Nike Inc. (Beaverton, U.S.)
• Adidas Group (Herzogenaurach, Germany)
• MIZUNO Corporation (Chiyoda City, Japan)
• Puma SE (Herzogenaurach, Germany)

Report Coverage-

The report involved four notable activities in projecting the current size of the sports shoes industry. Exhaustive secondary research was conducted to gather data about the parent market. Our next step included primary research to authenticate these sizing, assumptions, and findings with numerous industry experts. We have also used bottom-up and top-down approaches to calculate the market size.

Drivers & Restraints-

Rising Number of Gyms and Prevalence of Chronic Ailments to Accelerate Growth

The rising cases of various chronic diseases backed by the lack of exercise are anticipated to drive the sports footwear market growth in the near future. Also, surging health consciousness among people living in urban areas would aid growth. The International Health & Fitness Association, for instance, mentioned that the global fitness club membership reached 183 million in 2019. This proves that the development of robust sports infrastructures and gyms in emerging countries would contribute to growth. At the same time, the high demand for sports shoes with numerous innovative features, such as lightweight and increased functionality, would propel growth. However, the high costs of these shoes may hamper their demand.

Factors Affecting the Growth of the Sports Footwear Market:

• Increasing Sports Participation: The growth of the sports footwear market is closely linked to the rising participation in sports and fitness activities. As more people engage in sports and fitness, there is a greater demand for specialized footwear designed to enhance performance and provide comfort and support during physical activities.
• Changing Consumer Lifestyles: Changing consumer lifestyles, with a greater emphasis on health and wellness, have contributed to the growth of the sports footwear market. Consumers are increasingly adopting active lifestyles and prioritizing fitness activities, which drives the demand for sports footwear.
• Technological Advancements: Technological advancements in the sports footwear industry have significantly influenced its growth. Companies are constantly developing innovative materials, cushioning technologies, and designs to enhance performance, durability, and comfort. These advancements attract consumers seeking the latest features and improvements in sports footwear.
• Fashion and Style Trends: Sports footwear has become a fashion statement, with consumers seeking trendy and stylish designs. The influence of athletes, celebrities, and social media has contributed to the demand for sports footwear as a fashion accessory. Consumers often choose sports footwear that aligns with their personal style, which drives the market growth.
• E-commerce and Online Retailing: The growth of e-commerce and online retailing has played a significant role in expanding the sports footwear market. Online platforms provide a convenient and accessible way for consumers to explore a wide range of products, compare prices, and make purchases. The ease of online shopping has contributed to increased sales of sports footwear.
• Sports Sponsorships and Endorsements: Sports sponsorships and endorsements by athletes have a considerable impact on the sports footwear market. When popular athletes endorse specific brands or products, it creates brand visibility, trust, and a sense of aspiration among consumers. This can lead to increased sales and market growth for the endorsed footwear.
• Health and Fitness Awareness: Growing awareness about the importance of physical fitness and the health benefits of sports activities has positively influenced the sports footwear market. Consumers are increasingly conscious of the need for proper footwear to prevent injuries and improve performance during exercise or sports.
• Demographic Factors: Demographic factors such as population growth, urbanization, and the rise of middle-class populations in developing countries also contribute to the growth of the sports footwear market. As disposable incomes increase and more individuals seek an active lifestyle, the demand for sports footwear rises.
• Product Innovations and Customization: Continuous product innovations and customization options have played a crucial role in driving the growth of the sports footwear market. Consumers are looking for footwear that caters to their specific needs, such as specialized shoes for different sports activities or shoes designed for specific foot conditions.

Segments-

Men Segment Held more than 50% Share in 2020: Fortune Business Insights™

Based on gender, the market is trifurcated into kids, women, and men. Amongst these, the men segment generated more than 50% in terms of the sports footwear market share in 2020. This growth is attributable to the increasing participation of men, as compared to the other two genders. The U.S. Bureau of Labour Statistics mentioned that men spent around 5.7 hours in sports activities in the country in 2018. But, the count was around 4.9 hours for women.

Regional Insights-

Increasing Participation in Sports and Adventurous Activities to Help North America Growth

Geographically, North America procured USD 38.99 billion in 2020 in terms of revenue. This growth is attributable to the increasing participation of people residing in the region in multiple adventures and sports activities. In January 2020, for instance, the Outdoor Industry Association stated that approximately 50.5% of people participated in outdoor activities in 2018. On the other hand, Asia Pacific is estimated to be the fastest-growing region in the upcoming years because of the high consumer expenditure in sports type of footwear.

Competitive Landscape-

Key Players Focus on Introducing Innovative Products to Intensify Competition

The global market contains a large number of companies that are constantly striving to compete with their rivals. To do so, they are majorly participating in new product launches to attract more customers.

Below are the two significant industry developments:

• March 2020: Adidas introduced its ‘Faster Than’ campaign and developed a new line of shoes that would help runners achieve their goals. The new SL20 design is lightweight and features a unique Lightstrike midsole.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/sports-footwear-market-102216

The global private tutoring market size is expected to reach USD 171.93 billion by 2028, exhibiting a CAGR of 8.3% during the forecast period. The requisite for higher education in developing countries will subsequently improve the prospects of private tutoring, in a report, titled “Private Tutoring Market, 2021-2028.” The market size stood at USD 92.59 billion in 2020. 

The Private Tutoring Market Report covers potential improvement drivers as properly as the modern-day key of market share, penetration of a number of kinds, technologies, applications, and areas through forecast till 2028.

How will you analyze the competitional analysis between top key players included in the report?

With the aim of clearly revealing the competitive state of the industry, we concretely analyse not only the leading plyers that have a voice on a global scale, but also the regional small and medium-sized players that play key roles and have plenty of potential growth.

Who are some of the key players operating in the Private Tutoring Market and how high is the competition 2023?

• Educomp Solutions Ltd. (Gurgaon, India)
• Sylvan Learning, LLC (Baltimore, U.S.)
• Daekyo Co., Ltd. (Seoul, South Korea)
• Kumon Institute of Education Co., Ltd. (Tokyo, Japan)
• Kaplan Inc. (New York, U.S.)
• Action Tutoring (London, U.K.)
• Chegg, Inc. (Santa Clara, U.S.)
• Ambow Education Holding Ltd. (Beijing, China)
• TAL Education Group (Beijing, China)
• Mathnasium LLC (Los Angeles, U.S.)

What is a major information source?

Both Primary and Secondary data sources are being used while compiling the report.
Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

How Did We Conduct Our Research?

The report involved four notable activities in projecting the current market size. Exhaustive secondary research was conducted to gather data about the parent and peer markets. Our next step included primary research to authenticate these sizing, assumptions, and findings with numerous Private Tutoring industry experts. We have also used bottom-up and top-down approaches to calculate the market size.

Which are the driving factors of the Private Tutoring market?

The increasing competition among students has resulted in high demand for private tutoring, which will boost the market growth. The rising difficulty in level entrance exams by renowned schools or universities can create lucrative opportunities for this market. As per the Global Education Census Report 2018 published in November 2018 by Cambridge Assessment International Education, about 4 in 10 surveyed students (43%) had received private tuition outside the school worldwide, wherein in China, it accounted for more than 5 in 10 observed students (57%), followed by India (55%), and 1 in 10 students in the U.S. Furthermore, the increasing expectations of parents for high marks in academics from their children will accelerate the growth of the market. Besides, raising consciousness regarding learning in developing nations will simultaneously enable speedy expansion of the market.

Remote Teaching to Amplify Growth During Coronavirus

The temporary closure of education institutes due to the pandemic has adversely impacted the education industry. As per the article, ’The Impact of the Covid-19 Pandemic on Education Financing’, published in May 2020 by World Bank Group, the real growth in education spending per capita in all countries, as per downside forecast, was estimated to decline at a rate of -5.7% in 2020. However, the shift towards online education will consequently stabilize the market amid COVID-19. Besides, the growing popularity of online learning due to its convenience will boost the private tutoring market growth. 

Which segment is expected to lead the global Private Tutoring Market Market during the forecast period?

By Subjects 

• Academic
• Non-academic

By Application 

• Up-to K-12
• Post K-12

By Mode

• Offline
• Online

By Geography

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

Private Tutoring Market Research Scope:

• Global Private Tutoring Market size and growth projections (CAGR), 2021-2028
• COVID impact on the Private Tutoring industry with future scenarios
• Private Tutoring Market size, share, and outlook across 5 regions and 16 countries, 2021-2028
• Private Tutoring Market size, CAGR, and Market Share of key products, applications, and end-user verticals, 2021-2028
• Short and long-term Private Tutoring Market trends, drivers, restraints, and opportunities
• Porter's Five forces analysis, Technological developments in the Private Tutoring Market, Private Tutoring supply chain analysis
• Private Tutoring trade analysis, Private Tutoring Market price analysis, Private Tutoring supply/demand
• Profiles of Top leading companies in the industry overview, key strategies, financials, and products
• Latest Private Tutoring Market news and developments analysis

Which regions are dominating the Private Tutoring Market growth?

The market in Asia Pacific is expected to hold the largest private tutoring market share during the forecast period. The growth is attributed to coaching classes' popularity primarily in China, Japan, South Korea, and Southeast Asian nations. In May 2020, the press release of Yonhap News Agency reported the results of an annual survey conducted by the National Statistics Korea and the Ministry of Gender Equality and Family. It was reported that, in 2019, about ¾th of the students received private tutoring in South Korea, wherein students spent, on an average, 6.5 hours/week for this tutoring. Also, the increasing middle-class population is likely to spur business opportunities for the market in Asia Pacific.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/private-tutoring-market-104753

The global feminine hygiene products market size was valued at USD 39.66 billion in 2022 and is expected to be worth USD 41.29 billion in 2023. The market is projected to reach USD 62.66 billion by 2030, recording a CAGR of 6.1% during the forecast period.

The sales of feminine hygiene products have grown tremendously in recent years as more women are gaining awareness on the importance of maintaining proper menstrual hygiene. Women residing in rural areas neither have access to proper menstrual hygiene products nor receive adequate education on the importance of the same. Such lack of awareness can have some serious consequences such as temporary infection in the genital areas and infertility. Such factors are expected to positively affect the feminine hygiene products market growth.

Fortune Business Insights™ displays this information in a report titled, "Feminine Hygiene Products Market, 2023-2030."

List of Key Players Profiled in the Feminine Hygiene Products Market Report:

• Procter & Gamble Company (U.S.)
• Unicharm Corporation (Japan)
• Essity AB (Sweden)
• Kimberly-Clark Corporation (U.S.)
• Ontex Group NV (Belgium)
• Edgewell Personal Care (U.S.)
• Maxim Hygiene (U.S.)
• Hengan International Group (China)
• TZMO SA (Poland)
• Unilever Plc. (U.K.)

Report Coverage:

The research report offers an in-depth analysis of the industry and highlights prominent areas, such as distribution channels, competitive landscape, and key product types. The report also offers insights into the latest market trends and highlights key developments in the industry.

Drivers and Restraints:

Growing Menstrual Literacy Rate to Boost Market Growth

Feminine hygiene products play a vital role in helping women manage their period flow effectively. Nowadays, more women in the rural areas are receiving education on the importance of using products, such as menstrual cups, tampons, and sanitary pads, thereby boosting the menstrual literacy rate. Since there has been a commendable rise in the number of working women, the demand for these products has grown, thereby boosting the market growth.

However, low access of menstrual hygiene products in underdeveloped areas may hinder the market development.

Regional Insights:

Asia Pacific Market to Grow Considerably with Better Awareness About Menstrual Hygiene

Asia Pacific is expected to dominate the global market as the region is witnessing a notable rise in hygiene awareness in countries such as India and China.

North America and Europe markets have shown tremendous growth due to factors such as higher income level of women, better sanitation practice, and greater awareness about menstrual hygiene.

Segments:

Menstrual Care Products are Highly Used by Women to Effectively Manage Menstrual Cycle

Based on product type, the market is segmented into menstrual care products and cleaning & deodorizing products. The menstrual care products segment accounted for the largest feminine hygiene products market share as women use these products every month during their menstrual cycle.

Heavy Discounts and Bulk Purchases to Boost Customer Footfall at Hypermarkets/Supermarkets

In terms of distribution channel, the market is segmented into hypermarket/supermarket, convenience stores, drug stores, and others. The hypermarkets/supermarket segment holds a dominant position in the market as women buy their hygiene products in bulk at these stores since these shops offer heavy discounts on such products.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Competitive Landscape:

Key Market Players to Develop Innovative Products to Cement their Market Positions

Companies, such as Unilever, Procter & Gamble, Kimberley Clark, and many local and startup companies, are leading the market growth as these players are developing easy-to-use and safer feminine hygiene products. These products are being made with softer materials to minimize the risk of rashes and allergies, which will help them consolidate their market positions.

Key Industry Development:

• June 2021: Callaly, a British manufacturer of menstrual management products, partnered with Sustainable Materials Innovation Hub (SMI Hub) to produce sustainable materials for menstrual hygiene products.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/feminine-hygiene-products-market-103530

The global condom market size is expected to reach USD 10.97 billion by 2028, exhibiting a CAGR of 9.4% during the forecast period. The growing awareness regarding STDs such as, hepatitis B, Syphilis, trichomoniasis, and chlamydia can fuel demand for condoms, which, in turn, will aid the expansion of the market, states Fortune Business Insights, in a report titled, “Condom Market, 2023-2028.” The market size stood at USD 5.31 billion in 2020.

Fortune Business Insights™ lists out all the condom market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

• Reckitt Benckiser Group (Slough, U.K.)
• LifeStyles Healthcare Pte Ltd (Melbourne, Australia)
• Caution Wear Corp. (New Hampshire, USA)
• Church & Dwight Co., Inc. (Ewing, U.S.)
• Cupid Limited (Nashik, India)
• Karex Berhad (Selangor, Malaysia)
• CPR GmbH (Sarstedt, Germany)
• ONE Condoms (Massachusetts, USA)
• Sagami Rubber Industries Co., Ltd. (Kanagawa, Japan)
• Okamoto Industries, Inc. (Tokyo, Japan)

Driving Factor:

Increasing Consciousness about Birth Control to Effectively Uplift Market

The growing knowledge about the use of condoms as a contraceptive can have an excellent impact on the market growth during the forecast period. As per the Contraceptive Use by Method 2019 of the United Nations report, the prevalence of male condoms has escalated from 4.5% in 1994 to 10.0% in 2019 globally. As per the same report, the number of women (those with reproductive age of 15 to 49 years) relying on male condoms as a means of contraception has substantially increased from 64 million in 1994 to 189 million in 2019.

Furthermore, the increasing utilization of other control methods such as oral pills can simultaneously improve the prospects of the market. However, oral pills have adverse effects and cause hormonal imbalance in women, resulting in serious health problems. Therefore, the weakened inclination towards contraceptive pills among women can subsequently fuel the demand. Besides, the rising sex education in developing nations can have a positive impact on the market in the forthcoming years.

Market Segments:

The market is segmented into male and female product types. The male segment is expected to dominate the market based on type owing to the higher usage rate, greater availability, and relatively lower cost compared to female product types. The market is classified into latex and non-latex. The latex segment is expected to hold a major market share due to its greater stretchability and strength compared to non-latex materials such as polyurethane. The market is divided into mass merchandisers, drug stores/pharmacies, online retail stores, and others. The drug stores/pharmacies segment is expected to hold the largest condom market share owing to the high availability of trusted brands.

Regional Insights:

Ever-increasing Population to Spur Demand in Asia Pacific

The market in Asia Pacific is lucrative and is expected to experience a rapid growth rate during the forecast period owing to the ever-increasing population and increasing education level in developing nations. The growing awareness regarding birth control methods can have an excellent impact on the market in Asia Pacific. The implementation of childbearing policies to control the population will effectually aid the growth of the market in the region. The increasing number of unwanted pregnancies will further spur demand for condoms, thus promoting the growth of the market.

As per the report, Contraceptive Use by Method 2019 of the United Nations, in Eastern and South-Eastern Asia, these are one of the most prevalent contraceptive methods accounting for 17% share in 2019. Europe and North America are expected to experience a steady growth rate due to contraceptive products' higher usage rate. As per the report, Contraceptive Use by Method 2019 of the United Nations, condoms in Europe and Northern America account for 14.6% share among all contraceptive methods in 2019.

Competitive Landscape:

Rising Emphasis on Eco-friendly Products by Prominent Companies to Spur Opportunities

To attract customers, companies are focused on producing original product designs, such as those with unique tastes and lubricants. Furthermore, they are concentrating on making their goods environmentally friendly and safer to use for customers, such as through the use of environmental friendly components and the responsible use of utilities throughout the production process. For example, Ritex, a German company, has employed EKOenergy-certified power in their sustainable product line "PRO NATURE." As a result, the launch of new goods, the adoption of environmentally friendly production techniques, and mergers and acquisitions strategies are expected to aid manufacturers in their company growth.

Key Industry Development:

October 2020: Durex, a condom brand based in Britain, introduced a new product range, ‘‘Durex invisible condoms’’. This was launched in India as India’s thinnest condom product.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/condom-market-104519

The global cosmetics industry was valued at USD 277.67 billion in 2020 and is projected to grow from USD 287.94 billion in 2021 to USD 415.29 billion in 2028, exhibiting a CAGR of  5% during the 2021-2028 period.

In recent times, demand for makeup and skincare products has surged dramatically. Both men and women use it to enhance their overall appearance.  The industry offers a wide variety of products, such as hair care, face care, lip care, and others.  Additionally, the increasing demand for anti-aging creams and serums and the development of advanced tools and innovative packaging is attracting consumers. Besides, the new trend of personalized products for a specific person, based on their hair type, skin tone & texture, and eye color, is generating traction. The manufacturers are also trying to grab consumers' attraction by coming up with sustainable packaging and chemical-free products to cater to the demand of every individual.

List of Key Players Profiled in the Cosmetics Industry Report:

• The Estée Lauder Companies Inc. (New York, U.S.)
• Beiersdorf AG (Hamburg, Germany)
• Shiseido Co., Ltd. (Tokyo, Japan)
• Coty Inc. (New York, U.S.)
• Natura & Co. (São Paulo, Brazil)
• Kao Corporation (Tokyo, Japan)
• Johnson & Johnson Services, Inc. (New Jersey, U.S.)
• L’Oréal S.A. (Paris, France)
• Unilever (London, U.K.)
• Procter & Gamble Co. (Ohio, US)

Market Segmentation:

By category, the market is segmented into hair care, skincare, makeup, and others. By gender, it is bifurcated into men and women. By distribution channel, it is divided into specialty stores, hypermarkets/supermarkets, online channels, and others. Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, and the rest of the world. 

Factors Affecting the Growth of the Cosmetics Market:

There are several factors that can affect the growth of the Cosmetics Market. Some of these factors include:

• Increasing Disposable Income: Rising disposable income levels among consumers, particularly in developing countries, have contributed to the growth of the cosmetics market. As people have more money to spend on non-essential items, they are willing to invest in cosmetics and personal care products.
• Changing Consumer Preferences: Consumer preferences have shifted towards a greater focus on personal grooming, beauty, and self-care. There is a growing demand for cosmetics that enhance physical appearance and cater to specific skin types or concerns. This change in preferences has fueled the growth of the cosmetics industry.
• Influence of Social Media and Influencers: The advent of social media platforms and the rise of beauty influencers have had a significant impact on the cosmetics market. Consumers now have access to a wide range of beauty-related content, product reviews, and tutorials. Social media platforms provide a platform for cosmetic brands to engage with their target audience and promote their products, leading to increased sales.
• Technological Advancements: Advancements in technology have revolutionized the cosmetics industry. Innovations such as improved formulations, advanced manufacturing processes, and product customization options have expanded the product offerings and improved the quality of cosmetics. Technological advancements also enable companies to market their products more effectively, reach a wider audience, and provide personalized recommendations.
• Growing Men's Grooming Segment: The men's grooming segment has witnessed substantial growth in recent years. Men are increasingly conscious of their appearance and are willing to invest in grooming products. Cosmetic companies have recognized this trend and have launched specific product lines targeting the male demographic, contributing to the overall growth of the cosmetics market.
• Increasing Awareness of Health and Wellness: There is a growing awareness among consumers about the importance of maintaining healthy skin and overall well-being. This has led to an increased demand for cosmetics that contain natural and organic ingredients, are free from harmful chemicals, and offer skincare benefits. The focus on wellness and sustainability has prompted cosmetic companies to develop and promote products that align with these values.
• Expansion of E-commerce: The rise of e-commerce has significantly impacted the cosmetics industry. Online platforms provide consumers with convenience, a wider product selection, and the ability to compare prices and reviews. E-commerce has opened up new market opportunities for cosmetic brands, especially small and niche players, enabling them to reach global consumers and compete with established brands.
• Urbanization and Globalization: Rapid urbanization and globalization have influenced the growth of the cosmetics market. As more people move to urban areas and experience exposure to global beauty trends, their demand for cosmetics increases. Cosmetics brands are expanding their presence in urban centers and leveraging global marketing strategies to cater to this growing consumer base.

These factors collectively contribute to the growth and evolution of the cosmetics market, making it a dynamic and competitive industry.

What does the Report Provide?

The market report provides a detailed analysis of several factors, such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to contribute to the market growth.

Driving Factors

Availability of Customized Beauty & Skincare Products to Drive Market Growth

In recent times, demand for personalized skincare, hair care is promoting manufacturers on introducing personalization and digitalization in cosmetic products to increase customers. For instance, in February 2020, L’Occitane Group announced the launch of its new range of personalized range called Duolab. The range has a countertop device that functions artificial intelligence (AI) technology. This device helps in finding out one’s skin condition to provide it a face care solution in the form of freshly blended cream. Therefore, increased awareness regarding grooming coupled with technological advancements is expected to support the cosmetics industry statistics 2020 growth in upcoming years.

Regional Insights

Asia Pacific to Dominate the Market Backed by Increasing Urbanization and Standard of Living

Asia Pacific is expected to dominate with market size of USD 102.55 billion in 2020. Increasing urbanization & standard of living, growing number of working women, and rising middle-class population are the key contributing factors for the growth of the market in this region.

North America on the other hand is expected to witness positive growth owing to the rising disposable income and high spending power of the population in the region. Additionally, an increasing number of beauty product stores in the region is also one of the major flourishing factors for the growth of the market during the forecast period. For instance, in February 2020, one of the largest cosmetics retail store Sephora announced its expansion plans, which included the opening of around 100 new stores across the North America region by 2020.

Competitive Landscape

Key Players to Focus on Partnerships and New Launches to Strengthen Market Growth

This market is consolidated by major companies striving to maintain their position by focusing on new launches, collaborations & partnerships, and acquisitions. Such strategies taken up by key players are expected to strengthen its market prospects. 

Below are the industry developments:

• January 2020: Natura &Co announced the acquisition of Avon Products, Inc. Avon offers beauty and personal care products. Through this acquisition, Natura aims to expand its product portfolio.
• February 2021: Revlon made a partnership with MDR Brand Management to come up with new cosmetics products and increased consumer engagement across the EMEA, APAC, and America.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/cosmetics-market-102614