2024-03-13

Dark Chocolate Market Hits US$ 61.70 Billion in 2023, Poised for 7.81% CAGR Growth from 2024 to 2030

The Dark Chocolate market is projected to reach US$ 104.45 Billion by 2030, as per Renub Research. Dark Chocolate, additionally known as 'semisweet' or 'bittersweet' chocolate, is wonderful for its composition, crafted from cocoa butter rather than fat like coconut oils or palm. Renowned for its rich and intense flavor, dark chocolate is a wealthy source of flavonoids, lending it its extraordinary pigment and health benefits. With over 60% cocoa solids and minimum introduced sugar, dark chocolate is available in numerous forms along with baking chocolate, sweets, or chocolate bars. Its growing recognition is attributed to its myriad health advantages, which includes safety against age induced stress and inflammation, vital in mitigating neurodegenerative disorders like Alzheimer’s sickness.

Increasing patron awareness and preference for more healthy food alternatives will power market growth. Dark chocolate, regarded as a healthier opportunity to milk chocolate due to its better cocoa content and ability health advantages, is gaining popularity. Growing demand for top notch indulgent products like darkish chocolate, spurred through growing disposable earning, evolving tastes, and converting nutritional choices, further boosts marketplace increase. The fast enlargement of e-commerce has made dark chocolate greater accessible, fueling market growth. Additionally, the trend towards easy-label and natural ingredients hastens dark chocolate adoption. Marketing efforts by key players highlighting precise flavors, origin, and sustainability elements also contribute to increased demand.

The dark chocolate market reached a value of US$ 61.70 billion in 2023 and is projected to grow at a CAGR of 7.81% from 2024 to 2030. The darkish chocolate market is expected to grow due to its medical benefits, rising demand for top-class types as gifts, increasing virtual channels, restrained edition seasonal launches via corporations, and elevated advertising efforts. Growing disposable incomes and converting nutritional behavior are in demand in growing countries. With a rising focus on fitness-conscious buyer, producers are incorporating herbal sugars like stevia and coconut sugar into their products. The emphasis on quality has brought about sourcing specific cocoa beans from Latin American worldwide locations, no matter the increased costs. Additionally, there's a steady upward push in demand for darkish chocolate with dried end results like blueberries and cranberries, catering to client possibilities for gourmand services.

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The dark chocolate market has seen an increase in demand due to the rising interest in health and indulgence.

The dark chocolate market has experienced a surge in demand owing to the growing emphasis on health and indulgence. As consumers increasingly prioritize wellness and seek out healthier options, dark chocolate, with its perceived health benefits and rich flavor profile, has become a popular choice. Additionally, the allure of indulging in a decadent treat without compromising on health has contributed to its growing popularity. This trend reflects a shift towards more mindful consumption habits, where consumers seek products that offer both enjoyment and potential health advantages, driving the continued growth of the dark chocolate market.

Consumers are purchasing higher-priced chocolates, drawing multinational corporations into the global dark chocolate market.

The global dark chocolate market is witnessing a surge in interest from multinational corporations as consumers increasingly opt for higher-priced chocolates. This trend reflects a growing preference among consumers for premium-quality products and a willingness to invest in indulgent treats. Multinational companies are recognizing the potential of the dark chocolate market, driven by consumer demand for superior taste, quality, and health benefits. With a focus on expanding their product portfolios and capturing market share in this lucrative segment, multinational corporations are strategically positioning themselves to capitalize on the growing popularity of dark chocolate among discerning consumers worldwide.

Key Player

Nestlé S.A., The Hershey Company, Mondelez International, Inc., AMUL Industries Pvt Ltd, Meiji Holdings Co. Ltd, Saputo Inc, Chocoladefabriken Lindt, and Sprungli AG, along with Hotel Chocolat Group plc, are notable players in the dark chocolate market.

Type – Market breakup from 4 viewpoints

70% Cocoa Dark Chocolate
75% Cocoa Dark Chocolate
80% Cocoa Dark Chocolate
90% Cocoa Dark Chocolate

Application – Market breakup from 4 viewpoints

Confectionery
Functional Food & Beverage
Pharmaceuticals
Cosmetics

Distribution Channel – Market breakup from 4 viewpoints

Convenience Stores
Supermarkets and Hypermarkets
Non-Grocery retailers
Others

Country – Market breakup from 25 viewpoints

North America

1.1 United States

1.2 Canada

Europe

2.1 France

2.2 Germany

2.3 Italy

2.4 Spain

2.5 United Kingdom

2.6 Belgium

2.7 Netherland

2.8 Turkey

Asia Pacific

3.1 China

3.2 Japan

3.3 India

3.4 South Korea

3.5 Thailand

3.6 Malaysia

3.7 Indonesia

3.8 Australia

3.9 New Zealand

Latin America

4.1 Brazil

4.2 Mexico

4.3 Argentina

Middle East & Africa

5.1 Saudi Arabia

5.2 UAE

5.3 South Africa

All Key players have been covered from 3 viewpoints

Overview
Recent Development
Revenue

Company Analysis

1 Nestlé S.A.

2 The Hershey Company

3 Mondelez International, Inc.

4 AMUL Industries Pvt Ltd

5 Meiji Holdings Co. ltd

6 Saputo Inc

7 Chocoladefabriken Lindt and Sprungli AG

8 Hotel Chocolat Group plc

Milk Powder Market: https://www.renub.com/milk-powder-market-p.php

Global Pasta Market: https://www.renub.com/global-pasta-market-p.php

Protein Ingredient Market: https://www.renub.com/protein-ingredient-market-p.php

Fast Food Market: https://www.renub.com/fast-food-market-p.php

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Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

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2024-03-13

Autoimmune Disease Diagnostics Market Hits US$5.32 Billion in 2023, Anticipated to Surge at 7.17% CAGR from 2024 to 2030 ⅼ Renub Research

Global Autoimmune Disease Diagnostics market is projected to be valued at around US$ 8.64 Billion by 2030, as per Renub Research. Autoimmune disease diagnostics normally contain a combination of blood markers, specific signs, and sometimes a tissue biopsy. Autoimmune disorders broaden whilst the immune device attacks its cells due to abnormalities. The failure to detect immune cells, tissues, & organs and produce autoantibodies targeting these cells reasons the immune system to malfunction. Therefore, several tasks are carried out via businesses to create focus approximately autoimmune diseases and their socioeconomic impact, thereby boosting the global usage rates of autoimmune disease diagnostics. Additionally, improved laboratory automation and technological diagnostic improvements drive the expansion of the autoimmune ailment diagnostics market.

The global autoimmune disease diagnostics market reached US$5.32 Billion in 2023 and is forecast to grow at a CAGR of 7.17% from 2024 to 2030. The growing burden of autoimmune diseases in different parts of the sector, coupled with growing recognition of health and diseases, creates the need for diagnostics for the early detection of diseases, as a consequence of the marketplace's boom. The introduction of technological developments and growing lab automation rates are estimated to increase the fuel market. Clinicians are adopting advance technology to conduct a multiple test simultaneously, with faster and more specific results. The gradual turnaround time related to conventional disease diagnostic techniques and less standardized assessments for over 80 kinds are some of the shortcomings encouraging laboratories to move towards automation. Moreover, favorable government initiatives are anticipated to reinforce market dynamics positively. Organizations along with the Autoimmunity Centers of Excellence, the Cooperative Study Group for Autoimmune Disease Prevention, and the North American Rheumatoid Arthritis Consortium actively educate sufferers and healthcare experts regarding proper diagnosis and treatment.

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Diagnostics equipment firmly holds the top spot in the global autoimmune disease diagnostics market.

Diagnostics Equipment is the primary leader in the global autoimmune disease diagnostics market, owing to its advanced capabilities and widespread adoption. With its precise and reliable testing methods, diagnostic equipment is crucial in accurately identifying autoimmune conditions, enabling timely intervention and treatment. Its versatility allows for detecting various autoimmune diseases, facilitating comprehensive patient care. As the demand for accurate diagnostic tools continues to rise, diagnostic equipment remains at the forefront, driving advancements in autoimmune disease diagnosis and management. Its pivotal role in healthcare underscores its position as the leading solution in the global autoimmune disease diagnostics market.

Systemic autoimmune diseases claim a notable share of the global autoimmune disease diagnostics market.

Systemic autoimmune diseases (SADs) hold a significant share in the global autoimmune diagnostics market due to their complex nature and varied manifestations. Conditions like rheumatoid arthritis, lupus, and Sjögren's syndrome affect multiple organs, necessitating an accurate diagnosis for effective management. This drives demand for advanced diagnostic tools capable of identifying specific autoimmune markers. Consequently, innovative assays, imaging techniques, and biomarker detection methods tailored to SADs have emerged. With increasing awareness of autoimmune disorders and diagnostic advancements, SADs are expected to maintain and potentially expand their prominence in the autoimmune diagnostics market.

Rheumatic disease diagnostics claim a significant portion of the autoimmune disease diagnostic market.

Rheumatic disease diagnostics, crucial for managing conditions like rheumatoid arthritis and lupus, hold a significant share in autoimmune disease diagnostics. Given their complexity, accurate diagnosis is vital, driving the demand for advanced tools to identify specific biomarkers. Medical imaging, blood tests, and molecular diagnostics are key in this process, enabling early intervention. As awareness grows and diagnostic technology advances, the prominence of rheumatic disease diagnostics in the autoimmune disease market is set to endure and potentially develop further.

Diagnostic centers are anticipated to secure a notable portion of the global autoimmune disease diagnostics market.

Diagnostic centers are poised to capture a substantial share of the global autoimmune disease diagnostics market. These centers are crucial in providing accurate and efficient diagnostic services for autoimmune disorders such as rheumatoid arthritis, lupus, and multiple sclerosis. Equipped with advanced medical technologies and staffed by skilled healthcare professionals, diagnostic centers offer a wide range of tests and procedures to detect autoimmune diseases promptly. Patients rely on these facilities for timely diagnosis, essential for initiating appropriate treatment and disease management strategies. With the increasing prevalence of autoimmune conditions worldwide, the demand for diagnostic services provided by specialized centers is expected to grow, solidifying their position in the diagnostic market for autoimmune diseases.

With more than half of the global population residing in the Asia-Pacific region, it confronts an increasing challenge posed by autoimmune diseases.

The Asia-Pacific region plays a crucial role in the global autoimmune diseases diagnostics market, driven by its significant population and rising disease burden. Factors like changing lifestyles, urbanization, and genetic predispositions contribute to the growing prevalence of autoimmune diseases in the region. This has increased the demand for advanced diagnostic technologies and healthcare services. Moreover, improvements in healthcare infrastructure, higher healthcare expenditure, and government initiatives aimed at enhancing healthcare accessibility are fueling market expansion. Asia-Pacific presents substantial growth potential for stakeholders in the autoimmune diseases diagnostics market as efforts to address early disease detection and prevention continue to gain traction in the region.

Key Player

The global market for autoimmune disease diagnostics includes companies like Abbott Laboratories, Bio-Rad Laboratories, Roche Diagnostics, Siemens Healthineers, Bio Merieux SA, Myriad Genetics, Inc., Quest Diagnostics Incorporated, and Thermo Fisher Scientific Inc.

Product – Market breakup in 3 viewpoints:

Therapeutic & Monitoring Equipment
Diagnostics Equipment
Drugs

Types – Market breakup in 2 viewpoints:

Systemic Autoimmune Disease Diagnostics
Localized Autoimmune Disease Diagnostics

Indication – Market breakup in 5 viewpoints:

Rheumatic Disease
Diabetes
Multiple Sclerosis
Inflammatory Bowel Disease
Others

End-Users – Market breakup in 3 viewpoints:

Hospitals
Diagnostics Centers
Others

Countries – Market Breakup into 25 Countries Autoimmune Diseases Diagnostics Industry

North America

1.1 United States

1.2 Canada

Europe

2.1 France

2.2 Germany

2.3 Italy

2.4 Spain

2.5 United Kingdom

2.6 Belgium

2.7 Netherlands

2.8 Turkey

Asia Pacific

3.1 China

3.2 Japan

3.3 India

3.4 South Korea

3.5 Thailand

3.6 Malaysia

3.7 Indonesia

3.8 Australia

3.9 New Zealand

Latin America

4.1 Brazil

4.2 Mexico

4.3 Argentina

Middle East & Africa

5.1 Saudi Arabia

5.2 UAE

5.3 South Africa

All the Key players have been covered from 3 Viewpoints:

Overview
Recent Developments
Revenue Analysis

Company Analysis:

Abbott Laboratories
Bio-Rad Laboratories
Roche Diagnostics
Siemens Healthineers
Bio Merieux SA
Myriad Genetics, Inc.
Quest Diagnostics Incorporated
Thermo Fisher Scientific Inc.

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About the Company:

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2024-03-13

Breakfast Cereal Market Hits US$62.86 Billion Valuation in 2023, Projected CAGR of 4.31% from 2024 to 2030 ⅼ Renub Research

The global breakfast cereal market is anticipated to reach US$84.44 billion via 2030, as per Renub Research. Cereals have a rich ancient historical past in human intake. Globally, cereals encompass the suitable seeds or grains of the grass family, Gramineae, and are regarded as staple ingredients offering providing vitamins in both develop and developing country. They function as considerable sources of strength, carbohydrates, proteins, and fibre, while also containing various micronutrients like vitamin E, vitamin B, magnesium, and zinc. Moreover, the companies has tailored to customer preferences, presenting many cereals in healthier, organic, and gluten free varieties. Breakfast cereals provide a handy breakfast alternative and mirror evolving alternatives for customizable and nutritious morning meals.

The worldwide breakfast cereal market reached a valuation of US$62.86 Billion in 2023 and is projected to develop at a CAGR of 4.31% from 2024 to 2030. Cereal trends indicate a movement towards a variety of flavors influenced by global cuisines, mainly appealing to younger age groups. Functional cereals, enriched with nutrients and probiotics, are an increasing number of people's preferred fitness-enhancing foods. Nostalgia plays a pivotal role as social media systems reignite hobbies in familiar brands, leveraging consumers' emotional connections. Manufacturers are addressing health worries by lowering sugar content and introducing options with protein and complete grains. Convenient features like single serve and microwavable alternatives cater to busy lives. Subscription offerings customise the breakfast experience, while portable cereal bars blur the boundaries between breakfast and snacks. Unique flavors, which include matcha and turmeric, resonate properly with younger buyer, and collaborations with popular brands generate exhilaration and spur a transient increase in the market.

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The global increase in ready-to-eat breakfast cereals reflects evolving consumer lifestyles and growing convenience demands.

The surge in ready-to-eat breakfast cereals globally mirrors evolving consumer lifestyles and increasing demands for convenience. As individuals lead busier lives, there is a greater emphasis on quick and convenient meal options that require minimal preparation. Ready-to-eat breakfast cereals offer a convenient solution for busy mornings, providing a nutritious and satisfying meal without the need for extensive cooking or meal preparation time. This trend is driven by the need for on-the-go breakfast options that cater to modern lifestyles, making ready-to-eat cereals a popular choice among consumers worldwide.

Traditional breakfast cereals dominate the global market due to their widespread popularity, reliability, and familiarity.

Traditional breakfast cereals dominate the global market due to their popularity, reliability, and familiarity. Ranging from classics like corn flakes to oat-based options, they are favored for their convenience and ease of preparation, appealing to busy consumers. Additionally, their consistent quality and familiar flavors evoke comfort and nostalgia. Despite newer breakfast options, traditional cereals maintain their stronghold, appealing to a broad demographic across age groups and cultures. As a result, they remain a staple in households worldwide, driving their dominance in the global breakfast cereal market.

The supermarket/ hypermarket boom is due to convenience, accessibility, and extensive product services.

The surge in supermarkets and hypermarkets is driven by their convenience, accessibility, and wide array of product offerings. These retail formats provide customers with a convenient shopping experience, offering a diverse range of products all under one roof. With spacious layouts and ample parking, they offer ease of access for shoppers. Additionally, supermarkets and hypermarkets often feature extended operating hours, catering to varying schedules. Their competitive pricing and promotional deals further attract consumers seeking value. Overall, the combination of convenience, accessibility, and extensive product services has propelled the popularity of supermarkets and hypermarkets, making them preferred shopping destinations.

USA remains an outstanding player, contributing notably to the expanding breakfast cereals market.

The USA continues to play a prominent role in the expanding breakfast cereals market. With its large population and diverse consumer preferences, the country is a significant contributor to the global demand for breakfast cereals. Leading manufacturers and brands based in the USA drive innovation, offering a wide variety of cereal options to cater to different tastes and dietary preferences. Additionally, robust distribution networks and effective marketing strategies ensure widespread availability and consumer awareness. As a result, the USA remains a key player in shaping the growth and direction of the breakfast cereals market on a global scale.

Key Player

The breakfast cereals market is contentious, with many domestic and global players competing for market share. Some of the primary key players in the market include General Mills, Inc., Nestlé S.A., Kellogg Company, Pepsico, Inc., B&G Foods Inc., Post Holdings, Inc., Calbee, Inc., Migros, and Associated British Foods plc dominate the global breakfast cereals market.

By Type the market has been covered from 2 viewpoints:

RTE
Hot Cereal

By Distribution Channel the market has been covered from 4 viewpoints:

Supermarket
Convenience Stores
E-Commerce
Others

By Ingredient the market has been covered from 6 viewpoints:

Rice
Wheat
Corn
Barley
Oats
Others

By Region the market has been covered from 4 viewpoints:

North America
Europe
Asia Pacific
Rest of World

Key Players Insight:

Overview
Recent Developments
Sales

Key Players Analysis:

Marico limited
General Mills, Inc
Nestlé S.A.
Kellogg Company
Pepsico, Inc.
B&G Foods Inc.

Global Pasta Market: https://www.renub.com/fast-food-market-p.php

Protein Ingredient Market: https://www.renub.com/protein-ingredient-market-p.php

Fast Food Market: https://www.renub.com/global-pasta-market-p.php

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Renub Research is a Market Research and Consulting Company. We have more than 15 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food Beverages, Power Energy, Information Technology, Telecom Internet, Chemical, Logistics Automotive, Consumer Goods Retail, Building, and Construction, Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.

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2024-03-13

Global Virtual Reality Market Forecasted to Reach US$ 105.89 Billion by 2030 - Renub Research

Renub Research has released a report titled "Global Virtual Reality Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030," which includes market percentage records and a thorough enterprise analysis. This report looks at the competition, geographic distribution, and growth potential of the Global Virtual Reality (VR) Market.

Global Virtual Reality (VR) Market is predicted to extend at a compound annual growth rate (CAGR) of 32.39% from 2024 to 2030. Virtual Reality (VR) has quickly emerged as a transformative technology, revolutionizing the way we experience virtual content. Its inception brought a paradigm shift through immersing customers in simulated environments, blurring the line between the physical and digital worlds. Advances in hardware, including headsets and controllers, coupled with state-of-the-art software applications, have propelled VR into diverse sectors like gaming, healthcare, training, and organization. This immersive technology keeps to conform, promising innovative applications and reshaping the destiny of interactive and experiential computing.

Moreover, virtual reality has transcended niche gaming markets, penetrating diverse sectors like healthcare, education, and organisation. Increasing accessibility, progressed software, and a surge in content development have expanded adoption worldwide. Projections suggest a strong market, with big investments, growing client demand, and a burgeoning environment of developers contributing to the consistent enlargement of VR's footprint, shaping a dynamic panorama for immersive stories on a worldwide scale. Consequently, Global Virtual Reality (VR) Market is anticipated to value around US$ 105.89 Billion by 2030.

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Besides, North America's Virtual Reality (VR) market prospers on robust growth fuelled by technological strides and wide industry adoption. The region's pivotal position in shaping the worldwide VR enterprise is underscored by increasing demand for immersive studies. Governments globally actively support VR through research funding, offers, and tax incentives. Key entities like the National Science Foundation and the U.S. Department of Defence lead substantial investments, fostering innovation and significant VR integration in sectors inclusive of training and healthcare. These collective projects propel the sustained enlargement of the worldwide VR market, marking a convergence of technological evolution and strategic governmental support.

The global virtual reality market is witnessing significant growth in software.

Software improvements cater to diverse applications, spanning gaming, training, healthcare, and organization training. Also, improvements in VR software enhance consumer interplay, realism, and overall experience, using adoption across industries. The rise of collaborative digital environments, simulation-based training, and interactive storytelling similarly contributes to the expanding role of software in shaping the future of the global virtual reality panorama.

Components – Global Virtual Reality Market breakup from 2 viewpoints:

Hardware
Software

Head-mounted displays (HMDs) are dominating the global virtual reality market.

HMDs offer an immersive, interactive experience by putting screens directly in users' line of sight, improving realism and engagement. Continuous technological advancements, consisting of better resolutions, wider fields of view, and progressed tracking skills, make contributions to their reputation. The versatility of HMDs extends their applicability throughout gaming, education, healthcare, and employer sectors. As consumer demand rises and expenses come to be more competitive, HMDs remain at the forefront, spearheading the virtual reality revolution and propelling innovation in the ever-increasing worldwide VR market.

Types – Global Virtual Reality Market breakup from 4 viewpoints:

Hmd
Gesture-tracking Device
Pdw
Others

Commercial applications are spearheading the global virtual reality market due to their substantial adoption across various industries.

Virtual reality gives unprecedented solutions for schooling, simulations, and product visualization, driving efficiency and cost-effectiveness in sectors like healthcare, training, and production. Businesses are leveraging VR's immersive abilities for collaborative conferences, architectural design, and virtual showrooms. The versatility of virtual reality in improving real-world applications, coupled with non-stop advancements in VR technology, positions commercial use as a driving force. The practical benefits and transformative effect on numerous industries underscore the leading role of business applications in the evolving global VR panorama.

Application – Global Virtual Reality Market breakup from 6 viewpoints:

Aerospace & Defence
Commercial
Consumer
Enterprise
Healthcare
Others

Non-immersive virtual reality technology commands a substantial share in the worldwide market because of its accessibility and sensible applications.

Unlike immersive VR, non-immersive solutions, consisting of augmented reality (AR) and mixed reality (MR), seamlessly mix digital factors with the real world. This versatility makes them best for industries like healthcare, training, and production, wherein customers can overlay information onto their surroundings. The user-friendly nature, cost-effectiveness, and simplicity of integration contribute to the sizeable adoption of non-immersive technology, setting up it as a vast player in the evolving global virtual reality landscape.

Technology – Global Virtual Reality Market breakup from 2 viewpoints:

Semi and Fully Immersive
Non-Immersive

In the virtual reality (VR) industry, the United States leads the world.

The United States leads the global virtual reality market due to a robust technology infrastructure, an affluent market projected to reach $28.2 billion by 2027, and government support, including research investments. The active venture capital ecosystem, with over $1 billion invested in VR companies in 2022, accelerates innovation. Major technology companies, like Meta, Microsoft, Apple, and Google, headquartered in the U.S., drive VR development. The nation's cultural affinity for technology, early adoption in gaming, a focus on enterprise applications, and increased media coverage contribute to its prominent position in shaping the future of the global VR industry.

Countries – Global Virtual Reality Market breakup from 22 viewpoints:

United States
Argentina
Australia
Belgium
Brazil
Canada
China
France
Germany

India
Israel
Italy
Japan
Mexico
Netherland
Saudi–Arabia
South Africa
Spain
Switzerland
United Kingdom
Turkey
ROW

Competitive Landscape.

Some of the leading companies in the global virtual reality market are Qualcomm, Lenovo, Samsung, Apple, Sony, Microsoft, and Meta.

All companies have been covered from 3 viewpoints:

Overview
Recent Developments
Revenue

Company Analysis:

Sony
Apple
Microsoft
Lenovo
Samsung
Meta
Qualcomm

Global E-Commerce Market: https://www.renub.com/global-e-commerce-market-p.php

Digital Payment Market: https://www.renub.com/digital-payment-market-p.php

Augmented Reality Market: https://www.renub.com/augmented-reality-market-p.php

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2024-03-13

Global Automotive Actuators Market on Track to Reach US$ 40.93 Billion by 2030 ⅼ Forecast (2024 - 2030) ⅼ Renub Research

Renub Research has released a report titled "Global Automotive Actuators Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030," which includes market percentage records and a thorough enterprise analysis. This report examines the Global Automotive Actuators Market's competition, geographic distribution, and growth potential.

Global Automotive Actuators Market is predicted to extend at a CAGR of 6.71% from 2024 to 2030. Automotive actuators are pivotal in the vehicle enterprise, serving as crucial components that translate digital signals into mechanical movement. They manipulate crucial features like engine performance, fuel injection, braking, and door-locking systems. The precision and efficiency of actuators directly impact vehicle safety, overall performance, and universal functionality. In contemporary motors, electronic management structures depend heavily on actuators to optimize fuel performance, lessen emissions, and enhance the usual driving experience. As technology advances, actuators remain essential for imposing innovative features, including advanced driving assistance structures (ADAS) and electrification, making them necessary for the evolving automobile landscape.

The automobile actuators market is gearing up for an exciting trajectory driven by technological improvements and changing industry dynamics. The Electric Vehicle (EV) market surge presents new actuation wishes, requiring electric actuators for throttle control, braking, and temperature management. Simultaneously, automakers' emphasis on comfort functions like automatic weather control, power windows, and sunroofs fuels the market boom, aligning with client preferences. Also, the growing automation trend in cars, such as self-parking and automatic door openings, propels the demand for reliable and precise actuators. Hence, the Global Automotive Actuators Market will be valued at around US$ 40.93 billion by 2030.

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Besides, the North American automotive actuators market prospers on a sturdy production base, regionally-pushed demand, and enormous R&D investments, fuelling continuous innovation. Stringent safety regulations emphasize premium actuators for critical automobile functions, ensuring reliability. The future guarantees technological leaps, with related vehicles integrating into smart infrastructure and miniaturized, multifunctional actuators enhancing performance. Sustainability will play a key position, waiting for actuators crafted from recycled materials, powered sustainably, and designed for clean recycling, aligning with a responsible, circular economic system in the car industry.

The shift in the direction of electric and hybrid cars propels the growth of electric actuators in the worldwide automotive market.

Unlike conventional mechanical actuators, electric actuators provide precise control, electricity efficiency, and flexibility to numerous features like throttle control, braking, and battery temperature control in electric automobiles. With the accelerating adoption of international electric powertrains, the need for electric actuators rises, reflecting the car industry's commitment to sustainability and performance. The ongoing improvement of electric actuator technology aligns with the transformative trends in the automotive landscape, making it a key driving force in the increasingly global automotive actuators market.

Actuator types – Global Automotive Actuators Market breakup in 3 viewpoints:

Hydraulic Actuator
Pneumatic Actuator
Electric Actuator

The increase of light commercial vehicles (LCVs) in the global automotive actuators market is fueled by burgeoning e-commerce and last-mile transport demands.

LCVs, used appreciably for goods transportation, increasingly include advanced technologies, necessitating several actuators for functions, door locking systems, braking, and guidance. As the demand for efficient and dependable commercial vehicles rises globally, specifically in increasing urban regions, the need for actuators to enhance performance and protection in LCVs becomes pivotal. This trend aligns with the evolving logistics landscape, where the versatility and flexibility of actuators play a vital function in meeting the needs of a developing industrial transportation quarter.

Vehicle types – Global Automotive Actuators Market breakup in 3 viewpoints:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

A heightened emphasis on motive force and passenger comfort drives the seat adjustment actuator's prominence in the worldwide automotive market.

The demand for versatile and precise seat adjustment mechanisms has surged as motors comprise more advanced functions. The actuator helps customize seating positions, enhancing ergonomics and essential driving experience. Further, as automotive interiors become more automatic and technologically sophisticated, seat adjustment actuators play a crucial role in imparting personalized consolation, contributing to the market's boom. This trend aligns with the automobile enterprise's cognizance of improving consumer enjoyment and protection, making seat adjustment actuators indispensable components in the evolving automobile panorama.

Application – Global Automotive Actuators Market breakup in 5 viewpoints:

Throttle Actuator
Seat Adjustment Actuator
Break Actuators
Closer Actuators
Others

A potent concoction of internal and external factors drives China's ascent in the global automotive actuators market.

China, the sector's leading car manufacturer with 26.08 million cars in 2022, drives a massive demand for actuators across conventional and electric automobiles. Government incentives, particularly in the electric vehicle quarter, intensify the need for specialized actuators. China's car sector embraces automation and Advanced Driver-Assistance Systems (ADAS), necessitating high-precision actuators for adaptive cruise control and lane departure caution. With cost-effective manufacturing, China has become an impressive international force in the actuator market, propelled by home innovation, a burgeoning middle-class driving demand, and seamless integration into global delivery chains, cementing its competitive edge on the global level.

Country – Global Automotive Actuators Market breakup in 21 viewpoints:

United States
Canada
Germany
United Kingdom
France
Italy
Spain
Switzerland
Japan
China
India
Australia
South Korea
Indonesia
Mexico
Brazil
Argentina
South Africa
Saudi Arabia
United Arab Emirates
Rest of world

Competitive Landscape.

In the global automotive actuators market, the leading companies are Robert Bosch GmbH, Nidec Corporation, Denso Corporation, Johnson Electric, Mitsubishi Electric Corporation, CTS Corporation, Hitachi Ltd, Aptiv PLC, and BorgWarner Inc.

All the Key players have been covered from 3 Viewpoints:

Overview
Recent Developments
Revenue Analysis

Company Analysis:

Robert Bosch GmbH
Nidec Corporation
Denso Corporation
Johnson Electric
Mitsubishi Electric Corporation
CTS Corporation
Hitachi Ltd
Aptiv PLC
BorgWarner Inc

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2024-02-09

United States video game market will reach US$ 196.61 Billion by 2030 at a CAGR of 10.67% ⅼ Renub Research

Renub Research has released a report titled "United States Video Games Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030," which includes market percentage records and a thorough enterprise analysis. This report looks at the competition, geographic distribution, and growth potential of the United States Video Games Market.

United States Video Games Market is anticipated to expand at a CAGR of 10.67% from 2024 to 2030. The evolution of video games in the United States is a dynamic narrative that spans a long time. The enterprise has evolved from humble beginnings with arcade classics like Pong and Space Invaders into a multi-billion-dollar powerhouse. Technological improvements, such as the advent of home comforts like Atari and Nintendo, paved the manner for immersive gaming experiences. The growth of personal computers and the internet revolutionized gaming, introducing online multiplayer and digital distribution. Today, gaming encompasses diverse genres, platforms, and audiences, with esports gaining mainstream popularity. This evolution reflects technological progress and a cultural shift, positioning video games as a primary leisure medium in the United States.

Further, the dynamic evolution of gaming hardware, presenting adequate consoles like PlayStation five and Xbox Series X along with improvements like VR headsets and cloud structures, including Google Stadia, continuously elevates the gaming experience for both new and present gamers. Genre diversification, spanning action-packed shooters, story-driven RPGs, and competitive esports, broadens the gaming network. Mobile gaming, fueled by smartphones and famous titles like Candy Crush and Pokemon Go, substantially contributes to market revenue. Subscription services and the surge in streaming structures like Twitch, in addition, improve the gaming panorama, ensuring non-stop excitement and engagement and attracting various audiences and sponsors.

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The United States video game market sees sizeable contributions from diverse demographics. Both genders actively participate, with a growing female player base. The age spectrum is broad, spanning youngsters to older adults, as gaming appeals to a vast target audience. Varied income levels make contributions, given the accessibility of gaming throughout platforms. Significant contributions come from tech-savvy urban areas, although sub-urban and rural regions also occupy a vast position. This inclusive market dynamic displays the widespread adoption of video games as a mainstream form of amusement, with the industry evolving to cater to various preferences and demographics across the state. Hence, the United States video game market will reach US$ 196.61 Billion by 2030.

Mobile video games are poised to dominate the US market because of their substantial accessibility, affordability, and consistent innovation.

The ubiquity of smartphones ensures a massive user base attractive to diverse demographics throughout genders, ages, and income ranges. The ease of access, coupled with the ease of gaming on transportable devices, contributes to mobile gaming's rising recognition. Also, the continuous inflow of new titles and evolving technology keep the mobile gaming landscape dynamic. With the constant advancements in technology, mobile devices are becoming more sophisticated. The convenience and versatility of mobile gaming make it the frontrunner in shaping the future of the US video game market.

Category – United States Video Game Market breakup in 7 viewpoints.

Cloud Gaming
Download Games
Games Live Streaming
Gaming Networks
In -game Advertising
Mobile Games
Online games

During the forecast duration, the 18-24 age group will experience the quickest growth in the United States video game market.

This demographic, regularly characterized by excessive virtual engagement, embraces gaming as a distinguished form of amusement. As this age cohort advances in disposable income and technological integration, their propensity to spend money on gaming, both consoles and mobile devices, considerably contributes to market enlargement. Moreover, the continuous development of immersive gaming experiences and the combination of social elements in games attract the options and lifestyle of this age group, driving their multiplied participation and market effect.

Age Group – United States Video Game Market breakup in 5 viewpoints.

18-24
25-34
35-44
45-54
55-64

Male game enthusiasts dominate most of the market share in the United States video game enterprise, reflecting historical trends and gaming lifestyles.

Traditionally, the industry has catered significantly to male interests and options, fostering a more extensive male player base. While efforts to diversify content are ongoing, established gaming demographics and genres contribute to this imbalance. However, the landscape is evolving, with an increasing awareness of inclusivity and various gaming experiences, indicating a shift in market dynamics over time.

Gender – United States Video Game Market breakup in 2 viewpoints.

Male
Female

Medium income levels are projected to contribute significantly to the revenue in the United States video game market.

The mid-income level is increasingly contributing to the US video game industry because of its affordability and a growing interest in gaming. With a harmonious balance of disposable earnings and entertainment spending, this demographic can interact with sports, from consoles to creating in-game purchases and subscribing to services. The mid-income bracket predominantly consists of tech-savvy folks who prioritize amusement, rendering them a crucial market segment. As the industry continuously affords numerous and charming gaming content, spending from the medium profits stage is anticipated to contribute noticeably to the market's universal financial expansion.

Income – United States Video Game Market breakup in 3 viewpoints.

Low Income
Medium Income
High Income

Competitive Landscape.

Prominent United States video game market companies include Activision Blizzard Inc., Electronic Arts, Microsoft, Nintendo Co. Ltd., Take-Two Interactive Software, Sony, Apple, and Bandai Namco Holdings Inc.

Company has been covered from 3 Viewpoints:

Overview
Recent Development
Revenue

Company Profile

Activision Blizzard Inc
Electronic Arts
Microsoft
Nintendo Co. Ltd
Take- Two interactive Software
Sony
Apple
Bandai Namco Holdings Inc

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2024-02-09

Plywood Market Projected to Achieve a Value of US$ 83.51 Billion by 2030 on a Global Scale at a CAGR of 6.06% ⅼ Renub Research

Renub Research has released a report titled "Global Plywood Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030," which includes market percentage records and a thorough enterprise analysis. This report looks at the Global Plywood Market's competition, geographic distribution, and growth potential.

Global Plywood Market is anticipated to expand at a CAGR of 6.06% from 2024 to 2030. Plywood has become a staple in the furniture industry, gaining a reputation for its versatility, sturdiness, and cost-effectiveness. Its layered construction, composed of thin sheets of wood glued collectively, provides strength while minimizing warping or cracking. Plywood's adaptability makes it suitable for diverse furniture designs, from modern to conventional. Its availability in different thicknesses and finishes allows for personalizing and meeting various aesthetic and functional requirements. As a result, plywood has emerged as a desired material for furniture manufacturing, aligning with the industry's demand for quality and cost efficiency.

Further, different kinds of plywood, which include hardwood, softwood, and tropical, cater to various construction and furniture needs. Distinct grades, such as outdoors, marine, and structural, deal with specific durability requirements, increasing applications in infrastructure and marine industries. Plywood's versatility of application spans residential construction, business projects, furniture production, and packaging. The surge in demand is also fueled by improvements like laminated veneer lumber (LVL) and engineered wood products. This multifaceted growth underscores plywood's pivotal function in meeting various international production and production needs. So, the Global Plywood Market Size is anticipated to reach US$ 83.51 Billion by 2030.

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Moreover, technological innovations in plywood enhance strength, durability, and fire resistance, broadening its applications. The Asia Pacific, notably Southeast Asia and China, is the fastest-growing global plywood market. A high monetary increase fuels construction demand for plywood while growing disposable income, particularly in the growing middle class, boosts expenses on furnishings and renovations, driving interior applications. The industry reports a production shift, with facilities moving from advanced international locations to Asia Pacific due to lower labor expenses and ample raw materials. This dynamic landscape underscores plywood's evolving significance and market dominance in reaction to technological advancements and regional economic tendencies.

Softwood's dominance is expected to persist in the global plywood industry.

Softwood plywood is a cost-effective and widely used alternative for construction initiatives. It is strong, easy to work with, and resists warping. It's also accessible and often cheaper than hardwood. Softwood trees develop faster than hardwoods, stabilizing the raw material supply. Efforts are being made to source softwood from sustainably managed forests, which is better for the surroundings. Softwood plywood is versatile and used for decorative purposes like furniture, cabinetry, and paneling. Advances in adhesives and manufacturing have made softwood plywood more durable and moisture-resistant. Treated softwood varieties are for specific needs like fireplace retardancy or weather resistance.

Type – Global Plywood Market breakup of 2 viewpoint.

Hardwood
Softwood

The MR-grade plywood segment is expected to grow remarkably in the global plywood market.

MR-grade plywood is a noticeably strong and flexible material extensively used in interior construction applications such as shelves, countertops, furnishings, and more. It is an affordable, eco-friendly, and moisture-resistant, especially durable production material. Moreover, MR-grade plywood has notably progressed its moisture resistance with the advent of progressive adhesive technology. In some regions, government policies mandate the use of moisture-resistant plywood in specific construction applications, unfolding new avenues for market increase.

Grade – Global Plywood Market breakup of 5 viewpoint.

Mr Grade (Moisture Resistant)
Bwr Grade (Boiling Water Resistant)
Fire Resistant Grade
Structural Grade
Others

The leadership of the construction segment is expected to persist in the plywood market for the foreseeable future.

The construction industry favors plywood because of its versatility, affordability, and sustainability. Plywood is robust enough for structural packages, framing, and subflooring, and it is cost-effective in comparison to options like steel or concrete. It also has various construction applications, from roofing and flooring to doors and cabinets, making it a versatile construction material. So, plywood aligns with the construction enterprise's increasing cognizance of sustainability, mainly when responsibly sourced from forests, and its long-lasting and reusable nature similarly reduces its environmental impact.

Application – Global Plywood Market breakup of 7 viewpoint.

Construction
Furniture
Packaging
Flooring
Transport
Decoration
Others

The plywood market in China is anticipated to dominate the worldwide landscape.

China, the world's largest construction market, needs large amounts of lumber, leading to hovering plywood consumption. The Chinese government prioritizes infrastructure development and low-priced housing. China has become a global plywood production hub with a massive body of workers, lower labor costs, and ample raw materials. Chinese manufacturers swiftly adopt advanced technology to create premium and revolutionary plywood merchandise. China's rising disposable earnings and urbanization fuel home improvement and renovation initiatives, further driving the demand for plywood in fixtures, floors, and indoor applications.

Country – Global Plywood Market breakup in 27 countries.

North America

1.1 United States

1.2 Canada

Europe

2.1 United Kingdom

2.2 France

2.3 Germany

2.4 Italy

2.5 Netherland

2.6 Belgium

2.7 Spain

2.8 Switzerland

2.9 Turkey

Asia Pacific

3.1 India

3.2 China

3.3 Japan

3.4 South Korea

3.5 Indonesia

3.6 Malaysia

3.7 Hong Kong

3.8 Australia

3.9 New Zealand

Latin America

4.1 Brazil

4.2 Mexico

4.3 Argentina

Middle East & Africa

5.1 Saudi Arabia

5.2 Israel

5.3 South Africa

Rest of World

Competitive Landscape.

Prominent companies in the global plywood market include Boise Cascade, Weyerhaeuser Company Ltd, UPM-Kymmene, Potlatchdeltic Corporation, Metsä Board, Century Plyboards Ltd, and Greenply Industries Ltd.

All companies have been covered from 3 viewpoints