General Retail Goods and Services
Overview of the global built-in dishwashers market
Technavio’s market research analysts predict that the global built-in dishwashers market will grow at a CAGR of around 7% by 2020. The growing trend for modular kitchen and sleek look are propelling the use of built-in models of kitchen appliances. Consumers are spending more in their kitchen designs that are sophisticated and easy to maintain. With smaller and compact homes gaining importance, there is more emphasis given to the storage area and planning of space while designing a kitchen. Moreover, the growing market for modular kitchens has increased the incorporation of more stylish, appealing, and functionality-based kitchen models. The growing demand for compact and integrated built-in dishwashers for smaller and built-in kitchens will boost the overall market growth in the coming years.
Customers are opting for such built-in dishwashers which have superior design elements and which match the décor of their kitchens. This has propelled several manufacturers to come up with exclusive design features such as LED touch panels, sleek look, flexible interior layout, push drawers, different color options such as red, white, and black apart from the stainless steel look, and retro look. Also, the drawer and wall format compact built-in dishwashers are very much in demand as they are designed with flexible interior arrangement and auto programs for washing smaller loads.
Competitive landscape and key vendors
This market is highly competitive with several leading electronics brands offering a wide variety of models. The market includes well-diversified international and regional vendors. Regional players have a better foothold in their respective regions as compared to the global players.
Overview of the global aftershave lotion market
Technavio’s market research analyst predicts that the global aftershave lotion market will grow at a modest CAGR of just over 7% during the forecast period. Innovations pertaining to personal care products, such as the introduction of new aftershaves in a variety of new fragrances and the development of new lotions with natural ingredients, will be the key driver for the growth of this market. Every male consumer wants a product that will help reduce redness and soothe irritation after shaving. Consequently, major vendors have been compelled to utilize ingredients like caffeine in their products as it helps to reduce redness. Caffeine has been shown to benefit shaved skin by soothing irritation after a shave. Similarly, other companies have also started to offer products with anti-aging technology as it helps in making the skin look youthful and promotes a healthy texture. The widespread availability of such innovative products will help in the growth of this market during the estimated period.
One of the key market drivers propelling the prospects for growth in this market is the use of organic and natural ingredients in aftershave lotions. Since aftershave lotions are used by men on a daily basis, those with sensitive skin may suffer from conditions like acne or skin irritation. Since consumers are now becoming more aware of the side effects of some chemicals in aftershave lotions, they are now buying products with natural and organic ingredients as they are much safer. As a result, companies like Bulldog have been compelled to use green tea extracts and cucumber oils in their products as they help to soothe and moisturize the skin.
Segmentation by product and analysis of the aftershave lotion market
- Balms, moisturizers, and gels
Overview of the global tennis apparel market
According to the analysts at Technavio, the tennis apparel market is envisaged to witness steady growth at a moderate CAGR of more than 2% over the forecast period. An increasing number of celebrity endorsements is one of the most important factors driving the growth of this market globally. Launching campaigns related to tennis and promoting products by famous players is an old and effective marketing strategy undertaken by most tennis apparel manufacturing companies. Such vendors get tennis icons like Roger Federer, Andy Murray, Rafael Nadal, and Serena Williams for launching their new product lines. Also, many vendors name their tennis apparel collections after famous players to help propel sales, thus, cashing in on the celebrity fan following. Moreover, vendors sponsor various tennis tournaments and matches as part of their product promotions. This increase in promotional activities is likely to propel the growth prospects for this market over the predicted period.
In this industry research report, the analysts have estimated factors such as the growing market for children’s tennis apparel to impel the growth prospects for this market in the coming years. Besides parents, many educational institutions have started encouraging children to take up sports like tennis actively. Since these institutes help students with proper training and guidance, the demand for children’s tennis apparel will increase substantially over the next few years. For instance, Ferreira Tennis bought Little Miss Tennis/TV Sports to design and produce tennis apparel for children.
Segmentation by end user and analysis of the tennis apparel market
- Men’s tennis apparel
- Women’s tennis apparel
- Children’s tennis apparel
During 2015, the men’s tennis apparel segment dominated the market and accounted for the maximum
Overview of the geysers market
Extensive research carried out by the analysts at Technavio has shown that the global geysers market to grow impressively at a CAGR of more than 8% over the forecast period. With the increasing demand for tankless geysers, the geysers market is anticipated to have a positive outlook in the coming years. Based on energy consumption, tankless geysers are categorized into electric tankless geysers and gas tankless geysers. Tankless geysers are heavy burners and quickly heats water flowing through a heat exchanger. As a result, these devices were found to be 22% more energy efficient in laboratory tests than gas-powered storage-tank models. A typical electric-resistance tankless geyser with an energy factor of 0.99 consumes approximately 4,435 kilowatt-hours per year which translates into nearly 9% energy savings in comparison to a 50-gallon electric-resistance storage geyser with an energy factor of 0.90. Moreover, the tankless geyser market is gaining traction in North America as technical advancements over the last few years have boosted the capacity of such geysers up to 3.5 gallons per minute.
One of the emerging trends spurring the growth prospects of this market is the augmented demand for hybrid geysers. Hybrid geysers combine the technology of tank and conventional tankless geysers resulting in less overall energy consumption. For example, A. O. Smith introduced its hybrid model, Vertex Power-Vent Gas Water Heater, which is a hybrid geyser that operates at a 90% efficiency. Therefore, the energy saving properties of hybrid geyser will lead to its increased adoption over the next four years.
Segmentation by end user and analysis of the geysers market
The residential segment dominated the market and accounted for close to 67% of the market share
Outlook of the blinds and shades market in the US
Technavio’s market research analyst predicts that the blinds and shades market in the US will grow at a steady CAGR of more than 3% during the forecast period. With an increase in the number of residential and commercial constructions, the market for blinds and shades will have a positive outlook until the end of 2020. The recovery of the country’s economy post the economic meltdown in 2008-2009 has led to a revival of the housing industry. The increasing number of immigrants in the US is a big reason for the growth of the residential construction sector. For instance, almost one million green cards were issued in the country in 2013, which had a direct impact on the demand for residential buildings. Also, construction of commercial buildings is also anticipated to increase during the forecast period. As blinds and shades are used as an essential item in both commercial and residential establishments, the growing construction activities will, in turn, drive the market’s growth over the next five years.
In this industry research report, analysts have estimated factors like the increasing popularity of omni-channels and online retail to impel the prospects for market growth until the end of the forecast period. Omni-channels provide customers with the option of multiple channels for shopping. These channels offer consumers with an option to order products online and get it delivered through brick-and-mortar stores on the same day at their convenience. This integration of physical and digital retailing, changing shopping patterns, and operational cost of physical stores are some of the key reasons for the rising demand for omnichannel marketing. Moreover, the online retail sector is gaining popularity due to attractive discounts offered by the sites. It not only allows vendors to increase their customer base but also lets the consumers
Global outlook of the sports footwear market
With the growing demand for better and more sustainable options for sports footwear, vendors are venturing into different and varied designing and production techniques for sports shoes. They are focusing more towards consumer requirements, like comfort, style, and enhancement of performance while developing footwear. Besides the incorporation of cushioning technology and sustainability feature in sports footwear, the latest development in shoe manufacturing is shoe knitting techniques. This technology aims at creating a snug fit like a sock, with enhanced structure and durability. Also, the sports footwear manufactured using the shoe-knitting technology are much lighter in weight. With the huge paradigm shift in footwear manufacturing techniques, the market will witness significant growth during the predicted period. Technavio’s market research analyst predicts the global sports footwear market to grow steadily at a CAGR of more than 2% by 2020.
APAC is the largest revenue-contributing region in the sports footwear market and is likely to occupy around 43% of the overall market revenue during the forecast period. Much of the region’s growth is due to the presence of a large consumer base and their growing affinity toward sports activities. The increased health concerns and desire to live a healthy and active lifestyle among the people in this region have increased their training and fitness activities, which will significantly contribute to the growth of the market during the forecast period.
Competitive landscape and key vendors
The key international players, such as Adidas, ASICS, New Balance, Nike, and Skechers dominate the sports footwear market. These players have led to increased consolidation of the
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