Month: May 2023

IMARC Group, a leading market research company, has recently releases report titled “Refractories Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global refractories market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the refractories market?

Report Attributes	Details
Market Size in 2022	US$ 25.5 Billion
Market Forecast in 2028	US$ 33.0 Billion
Growth rate (2023 to 2028)	CAGR of 4.2%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is refractories?

Refractories refer to numerous inorganic, non-metallic, porous, and heterogeneous materials that are designed to withstand high industrial temperatures and pressures. Some of the most common types of refractory applicable comprise fireclay, high alumina minerals, silica, magnesite, chromite, etc. They are manufactured using substances that are adherent to corrosion from solids, liquids, gases, mechanical and thermal stress, abrasion, gas diffusion, etc. Refractories are used in boilers and furnaces to contain heat and protect the processing equipment from intense temperatures. As a result, they find extensive applications across several sectors, such as energy, chemical, non-ferrous metals, glass, cement and ceramics.

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What are the growth prospects and trends in the refractories industry?

The expanding steel sector across the globe is primarily augmenting the refractories market. Furthermore, the increasing infrastructural activities, especially in developing countries, are positively influencing the market growth. Apart from this, the escalating demand for these materials, on account of their higher-temperature resistance, easy installation, and the capacity to manufacture bricks in customized shapes, are acting as significant growth-inducing factors. Moreover, the widespread adoption of unshaped refractories for various construction applications is also bolstering the global market. Besides this, numerous technological advancements and the emerging trend of recycling these materials for manufacturing steel are further catalyzing the market growth. Additionally, the growing need for non-ferrous metals and the rising utilization of aerospace, automotive, medical, and electrical castings are also driving the global market. In addition to this, the inflating focus of the leading manufacturers on expanding their production capacities and product portfolio to gain a competitive edge is expected to drive the refractories market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Form:

• Shaped Refractories
• Unshaped Refractories

Breakup by Alkalinity:

• Acidic and Neutral
• Basic

Breakup by Manufacturing Process:

• Dry Press Process
• Fused Cast
• Hand Molded
• Formed
• Unformed

Breakup by Composition:

• Clay-Based
• Nonclay-Based

Breakup by Refractory Mineral:

• Graphite
• Magnesite
• Chromite
• Silica
• High Alumina
• Zirconia
• Others

Breakup by Application:

• Iron and Steel
• Cement
• Non-Ferrous Metals
• Glass
• Others

Breakup by Region:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Chosun Refractories Eng Co. Ltd.
• Compagnie de Saint-Gobain S.A.
• Coorstek Inc.
• Imerys Usa Inc.
• Krosaki Harima Corporation
• Morgan Advanced Materials Plc
• Refratechnik Holding GmbH
• RHI Magnesita GmbH
• Vesuvius Plc

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

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IMARC Group, a leading market research company, has recently releases report titled “Hydraulic Cylinder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global hydraulic cylinder market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the hydraulic cylinder market?

Report Attributes	Details
Market Size in 2022	US$ 13.4 Billion
Market Forecast in 2028	US$ 17.0 Billion
Growth rate (2023 to 2028)	CAGR of 4.3%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is hydraulic cylinder?

A hydraulic cylinder is a machine that can transform fluid pressure energy into mechanical energy. It comprises a cylinder barrel where a piston is connected to a piston rod that moves back and forth, the clevis, gland, ports, the end cap, and the deal to generate power for a machine. It is available in various forms, such as tie rod, welded rod, telescopic, double-acting, and single-acting cylinders. It is manufactured with reliable metallic blends that prevent wear and tear and consists of specialized emergency release valves that ensure pressure levels never exceed secure limits. It provides clean energy, speed control, and positioning benefits, along with automatic overload protection. It is installed in the brakes of automobiles and landing gears and wing flaps of airplanes. It is also employed in generating force for pulling, pushing, pressing, or lifting something extremely heavy.

It is incorporated into forklifts required for moving and transporting heavy cargo dockside, airports, warehouses, and construction sites. It finds extensive applications in an excavator for mining and carrying debris from a construction site. It assists in operating tractors used in agricultural lands for carrying loads. As a hydraulic cylinder is energy-efficient, cost-effective, and versatile, it is utilized in oil and gas, automobile, aerospace, energy, and construction industries across the globe.

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What are the growth prospects and trends in the hydraulic cylinder industry?

The increasing demand for hydraulic pressure in the automotive industry to manufacture vehicular parts around the world represents one of the key factors driving the market. Besides this, the rising exploration, transportation, and distribution activities in the oil and gas industry to fulfill energy requirements worldwide are propelling the growth of the market. In addition, the growing utilization of material handling equipment across various industries, such as construction, mining, and agriculture, is offering a favorable market outlook. Apart from this, there is a rise in the construction of roads and railways to enhance the transportation system worldwide. This, coupled with the increasing construction of residential apartments for the growing population across the globe, is positively influencing the market. Additionally, key market players are investing in various research and development (R&D) activities to enhance the functionalities of hydraulic cylinders, make them more durable and reduce maintenance costs. Moreover, the increasing demand for hydraulic cylinders in manufacturing trenchers, excavators, backhoes, cutting saws, dozers, motor graders, dumpers, and concrete laying machines is contributing to the growth of the market. Furthermore, the rising need for lifting equipment, such as forklifts, to carry huge quantities of load in warehouses across the globe is strengthening the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Function:

• Single-Acting Hydraulic Cylinders
• Double-Acting Hydraulic Cylinders

Breakup by Type:

• Tie-Rod Cylinders
• Welded Cylinders
• Telescopic Cylinders
• Mill-Type Cylinders

Breakup by Bore Size:

• <50 MM
• 50–150 MM
• >150 MM

Breakup by Application:

• Mobile
• Industrial

Breakup by End-Use Industry:

• Construction
• Aerospace & Defense
• Material Handling
• Agriculture
• Automotive
• Mining
• Oil & Gas
• Marine
• Others

Breakup by Region:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Bosch Rexroth AG
• Caterpillar Inc.(NYSE: CAT)
• Eaton Corporation (NYSE: ETN)
• Enerpac Tool Group (Formerly Actuant Corporation) (NYSE: EPAC)
• Hannon Hydraulics
• HYDAC INTERNATIONAL GmbH
• JARP Industries
• Kappa Engineering
• KYB Corporation (TYO: 7242)
• Parker-Hannifin Corporation (NYSE: PH)
• SMC Corporation (TYO: 6273)
• Texas Hydraulics Inc.
• United Hydraulics
• Wipro Enterprises

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

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IMARC Group, a leading market research company, has recently releases report titled “Self-Healing Concrete Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global self-healing concrete market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the self-healing concrete market?

Report Attributes	Details
Market Size in 2022	US$ 44.1 Billion
Market Forecast in 2028	US$ 197.4 Billion
Growth rate (2023 to 2028)	CAGR of 28.7%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is self-healing concrete?

Self-healing concrete is an artificial building material that automatically mends cracks and damages. It contains a bacterium that produces limestone, which then expands to form a gel upon coming into contact with air and water to fill gaps. Self-healing concrete closes the cracks to safeguard the steel framework from any external impacts and reduces corrosion risk. This concrete is usually available in autonomic and autogenic self-healing variants. The autogenous cement utilizes moisture to ensure the healing process, whereas the autonomous cement uses tablets containing bacteria spores or additional healing agents. Consequently, it is used extensively for constructing industrial, residential, civil, and commercial infrastructures.

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What are the growth prospects and trends in the self-healing concrete industry?

Substantial growth in the construction industry worldwide primarily drives the market for self-healing concrete. Furthermore, the increasing demand for reliable, environment-friendly, and durable constructions also augmenting the market growth. Additionally, the extensive adoption of vascular-based healing technologies to construct modern buildings is further catalyzing the product demand. These technologies involve a network of tubes containing self-healing concrete that is passed through the building walls to reinforce the infrastructure. Moreover, the emergence of several product innovations, such as the development of capsule-based self-healing concrete, will continue to drive the market growth in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Form:

• Intrinsic
• Capsule-Based
• Vascular

Breakup by Application:

• Residential
• Industrial
• Commercial

Breakup by Region:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Amcor plc
• American Thermal Instruments
• Avery Dennison Corporation
• Berry Global Inc.
• Crown Holdings Inc.
• Dupont De Nemours Inc.
• Linde plc
• Multisorb Technologies Inc. (Filtration Group Corporation)
• Point Five Packaging LLC
• R.R. Donnelley & Sons Company
• Sealed Air Corporation
• WestRock Company
• Zebra Technologies Corporation

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If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

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Email: sales@imarcgroup.com

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According to IMARC Group, The global sports medicine market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.77% during 2023-2028.

Sports medicine, also called as sports and exercise medicine (SEM), represents an area of medical practice that is concerned with preventing, diagnosing, and treating activities or exercise-related injuries. Its main objective is to aid game enthusiasts in exercising safely and effectively to achieve their training goals. Usually, sports medicine providers are equipped with specialized coaching to assist patients in maximizing function and minimizing disability. In addition, they treat numerous physical conditions, including acute traumas, such as strains, sprains, fractures, and dislocations, and chronic overuse injuries, including tendonitis, degenerative diseases, and overtraining syndrome.

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The escalating demand for the area of medical practice, on account of the altering lifestyles of individuals and the increasing incidences of game injuries across the globe, is among the key factors stimulating the sports medicine market. Moreover, the rising number of consumers who are choosing these activities as a career, owing to the presence of several opportunities, such as scholarships and corporate funding, and the development of sports infrastructure are acting as significant growth-inducing factors. Besides this, the elevating demand for minimally invasive surgeries is also propelling the market growth. Furthermore, the growing smoking rates, sedentary lifestyles, the widespread adoption of fast food, and the over-consumption of alcohol in both developed and emerging economies have led to inflating cases of life-threatening diseases over the years, which are positively influencing the global market. Apart from this, the increasing awareness about these disorders encourages the masses to engage in different game activities to maintain their well-being and fitness, thereby anticipated to fuel the sports medicine market over the forecasted period.

Top 14 Sports Medicine Companies in the World

1. Arthrex
2. Smith & Nephew PLC
3. Medtronic PLC
4. Wright Medical Group
5. Bioventus LLC
6. Stryker Corporation
7. Mueller Sports Medicine
8. RTI Surgical Holdings
9. Breg
10. Conmed Corporation
11. Performance Health International Limited
12. Bauerfeind AG
13. KARL STORZ Gmbh & Co. kg
14. Zimmer Biomet Holdings

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal

According to IMARC Group, The global automotive wiring harness market size reached US$ 80.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 103.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.15% during 2023-2028.

At present, the automotive wiring harness industry is witnessing product innovations aimed to minimize the load. Consequently, leading market vendors are using superior grades of conductors, insulators and sheaths for wires and cables in automotive wiring harness systems. This assists in enhancing the robustness and high-temperature resistance and protecting the product from any damage.

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The global market is primarily driven by considerable growth in the automotive sector. This can be accredited to the inflating disposable incomes of the masses and a significant increase in the vehicle fleet across the globe. Since the usage of automotive wiring harness improves the security and reliability of the vehicles while enhancing their fuel efficiency, it is widely gaining prominence among end users.

Top 10 Automotive Wiring Harness Manufacturers in the World

1. BorgWarner, Inc.
2. Furukawa Electric Co. Ltd.
3. Lear Corporation
4. Leoni AG
5. Nexans Autoelectric GmbH
6. Motherson Group
7. Sumitomo Electric Industries, Ltd.
8. AmWINS Group Inc.
9. YAZAKI Corporation
10. YURA Corporation

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal

According to IMARC Group, The global automotive lead-acid battery market size reached US$ 13.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.1 Billion by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028.

Lead-acid batteries are used in the starting, lighting, and ignition (SLI) process of automobiles. They comprise sponge lead (Pb) and lead peroxide (PbO2) plates that are immersed in sulfuric acid to convert chemical energy into electrical power. Lead-acid batteries are robust, cost-effective, resistant to wear and tear, and can tolerate overcharging compared to lithium-ion batteries. They also have high cell voltage and an immense power-to-weight ratio as these items supply high surge currents, thereby making them highly compatible with motor vehicles.

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The rising sales of passenger vehicles, on account of the expanding global population, the growing urbanization, and inflating income levels of individuals, are among the key factors stimulating the automotive lead-acid battery market. Moreover, the increasing awareness among the masses about the harmful impacts of carbon emissions and improving road networks are catalyzing the demand for electric cars and e-bikes across the globe, which are also propelling the market growth. Besides this, the rising usage of these items supply voltage to numerous accessories in vehicles, such as music systems, wipers, radios, air conditioners (ACs), charging plugs, etc., is acting as another significant growth-inducing factor. Furthermore, the growing utilization of batteries, as they offer resistance to corrosion and abrasion and low internal impedance, is further fueling the global market. Apart from this, the introduction of variants comprising recycled materials that makes these items a low environmental footprint energy storage technology is positively influencing the global market. Additionally, manufacturers are investing in research and development (R&D) activities and forming collaborations or partnerships with leading organizations to produce advanced and high-performance batteries, which is anticipated to fuel the automotive lead-acid battery market over the forecasted period.

Top 12 Automotive Lead-Acid Battery Companies in the World

1. C&D Technologies, Inc.
2. CLARIOS
3. CSB Energy Technology Co., Ltd.
4. East Penn Manufacturing Company, Inc
5. EnerSys
6. Exide Industries Limited
7. GS Yuasa Corporation
8. KOYO BATTERY CO., LTD
9. LEOCH INTERNATIONAL TECHNOLOGY LIMITED
10. PT. Astra Otoparts
11. Robert Bosch GmbH
12. Thai Bellco Battery Co. Ltd.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

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According to IMARC Group, The India aquafeed market size reached 1.6 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 2.8 Million Tons by 2028, exhibiting a growth rate (CAGR) of 9.7% during 2023-2028.

Aquafeeds represent the compounded meals that are arranged to feed various aquatic animals by combining several raw materials, including fish feed and oil and additives. These blends are formulated and provided according to the specific requirements of the species and their age. Aquafeed is produced in two forms, such as pressure-pelleted and extruded bits. It plays a critical role in providing average growth and health for the aquatic organisms. In addition to this, aquafeed also aids in decreasing the susceptibility to disease, mitigating the effects of stress, and improving the immunity.

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The escalating consumption of seafood across the country, the improving cold chain facilities, the expanding local wet markets and organized retail channels, such as supermarkets, and the incorporation of high-quality raw materials by the leading companies, including Avanti Feeds, Godrej Agrovet Limited, ABIS Feed, Venky’s, Cargill India Pvt. Ltd., etc., that offer functional advantages and lower the usage of synthetic components are primarily driving the India aquafeed market. Besides this, the inflating income levels of the consumers and the transition from a high carbohydrate-based diet to one that is rich in proteins are further augmenting the market growth. Moreover, the availability of vast arable areas to cultivate corn, soybean, wheat, and maize, which are the main ingredients used for the production of aquafeed, the rising production of fish, and the limited accessibility of marine feed resources are also catalyzing the market across India. Apart from this, the launch of several policies by the government bodies to increase the manufacturing of certified sustainable seafood is acting as another significant growth-inducing factor. Furthermore, the growing preference for nutrient-rich products produced with higher farming standards, owing to the increasing health consciousness among the masses, is expected to bolster the India aquafeed market in the coming years.

List of Top Aquafeed Companies in India

1. Alltech
2. Avanti Feeds Limited
3. Cargill Incorporated
4. Godrej Agrovet Limited (Godrej Industries Limited)
5. Growel Feeds Pvt. Ltd.
6. IB Group
7. Skretting (Nutreco N.V.)
8. UNO Feeds

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal

According to IMARC Group, The global kitchen appliances market is expected to exhibit a growth rate (CAGR) of 4.18% during 2023-2028.

Kitchen appliances represent the devices and instruments utilized for efficiently performing activities. They operate through gas or electricity and are mainly used for storage, cooking, and cleaning functions. Kitchen appliances are available in various materials, styles, colors, sizes, and mechanisms and include devices, such as refrigerators, stoves, blenders, ovens, and dishwashers, which aid the user in saving energy, time, and costs while cooking. As a result, these instruments find widespread applications in residential and commercial sectors and are extensively available across supermarkets, convenience stores, hypermarkets, specialty stores, etc., across the globe.

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The escalating demand for technologically advanced and modern instruments, which make cooking and storing food more efficient and convenient, owing to the emerging trend of urbanization, is among the primary factors driving the kitchen appliances market. Besides this, the growing popularity of smart devices that can be connected to wireless, Internet, or Bluetooth and can be controlled remotely through a smartphone is further augmenting the market growth. Moreover, the introduction of modular and energy-efficient kitchen appliances, including induction cooktops, speed cooking ovens, and warming drawers by the leading manufacturers, such as Whirlpool Corporation, AB Electrolux, Samsung Electronics Co. Ltd., LG Electronics, Winia Daewoo Electronics, Panasonic Corporation, Haier Group Corporation, etc., is also catalyzing the global market. Apart from this, the elevating requirement for healthy consumer eating habits and devices that allow oil-free cooking and retention of various heat-sensitive nutrients, on account of the increasing health consciousness, especially among the young population, is acting as another significant growth-inducing factor. Furthermore, the booming e-commerce sector, the expanding working people, and the inflating disposable income levels are anticipated to propel the kitchen appliances market over the forecasted period.

Top 10 Kitchen Appliances Brands in the World

1. Whirlpool Corporation
2. AB Electrolux
3. Samsung Electronics Co. Ltd.
4. LG Electronics
5. Winia Daewoo Electronics
6. Panasonic Corporation
7. Haier Group Corporation
8. BSH Hausgeräte GmbH
9. Miele & Cie. KG
10. Sub-Zero Group, Inc.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

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According to IMARC Group, The global health insurance market size reached US$ 1,714.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,599.8 Billion by 2028, exhibiting a growth rate (CAGR) of 7.11% during 2023-2028.

Health insurance safeguards an insured individual against financial losses arising, owing to a medical emergency. It generally covers medical treatment expenditures, such as doctor consultation fees, ambulance charges, hospitalization, medicines, daycare procedures costs, etc. The payout is usually either made on actual expenses incurred in the hospital by using original medical bills or diagnosis of diseases without submitting bills. In line with this, health insurance also offers easy access to medical treatment with a cashless facility at the network hospitals of the insurer. It also offered tax benefits for a wide array of medical conditions. Presently, numerous health insurance companies are providing coverage for domiciliary treatment, where medical supervision is given at home for specific diseases.

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The increasing prevalence of cancer, diabetes, stroke, and kidney failure is primarily driving the health insurance market. Additionally, the widespread adoption of cloud-based services and the growing penetration of high-speed internet connection have facilitated real-time consultations with experienced industry experts who can help in providing insightful recommendations to customers, which is further bolstering the market growth. Besides this, the escalating demand for online insurance consultations, on account of the sudden outbreak of the COVID-19 pandemic, is acting as another significant growth-inducing factor. Moreover, the rising utilization of family floater health insurance and the elevating popularity of healthcare services are positively influencing the global market. Apart from this, the introduction of policies that offer the benefit of free annual and bi-annual check-ups with additional customization at low premium rates is expected to fuel the health insurance market over the forecasted period.

Top 10 Health Insurance Companies in the World

• Aetna Inc. (CVS Health Corporation)
• AIA Group Limited
• Allianz SE
• Aviva Plc
• Berkshire Hathaway Inc.
• Cigna Corporation
• International Medical Group Inc. (Sirius International Insurance Group Ltd.)
• Prudential Plc
• United Health Group Inc.
• Zurich Insurance Group AG

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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According to IMARC Group, The global corporate wellness market size reached US$ 61.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 94.8 Billion by 2028, exhibiting a growth rate (CAGR) of 7.6% during 2023-2028.

Corporate wellness represents a program designed for businesses to promote a holistic approach and create a healthy work environment for their employees. It consists of numerous procedures and methods, including financial planning sessions, productivity enhancement activities, smoking cessation schedules, nutrition assistance, fitness improvement plans, health insurance benefits, etc. As these wellness programs increase job satisfaction levels and reduce work stress, they are gaining traction across the globe.

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The escalating demand for these strategies among organizations to reduce overall operational costs and improve employee efficiency is among the key elements stimulating the corporate wellness market. Furthermore, the rising number of corporate companies prioritizing employee satisfaction by providing an inclusive work environment and adequate appraisals and training, upskilling, and mentoring staff is also bolstering the market growth. Besides this, the increasing occurrence of several chronic disorders, on account of sedentary lifestyles and unhealthy dietary patterns of individuals, is acting as another significant growth-inducing factor. Moreover, the growing competition in the workplace to perform properly and avoid layoffs is further propelling the global market. Apart from this, the increasing work stress levels in staff are also catalyzing the market growth. Additionally, the inflating utilization of these programs by companies to generate healthy behavioral traits in teams, which include maintaining a proper sleep schedule, consuming appropriate nutrients, leading an active life, quitting smoking, and reducing drinking habits, is positively influencing the global market. In addition to this, key market players are introducing wellness programs with personalized solutions for effective outcomes, which is anticipated to fuel the corporate wellness market over the forecasted period.

Top 12 Corporate Wellness Companies in the World

1. Central Corporate Wellness
2. ComPsych Corporation
3. Exos Works, Inc.
4. Marino Wellness LLC
5. Privia Health
6. Quest Diagnostics Incorporated (Provant Health Solutions LLC)
7. SOL Wellness LLC
8. Truworth Health Technologies Pvt. Ltd.
9. Virgin Pulse, Inc.
10. Vitality Health Limited (Discovery Limited)
11. Labcorp Employer Services (Wellness Corporate Solutions LLC)
12. Wellsource Inc.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal