Identity And Access Management Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 Global Identity And Access Management Industry: Opportunities in 2021

According to a new study published by Polaris Market Research the global identity & access management (IAM) market is anticipated to reach USD 25.15 billion by 2026. The increasing adoption of connected devices, Bring Your Own Device (BYOD), Internet of Things (IoT) and audit management combined with cost control are the prime components boosting the market growth. Also, the growth in online applications and risk management compliance mandates are anticipated to impel the identity & access management market and thus it is projected to gain traction over the forecast period.

 

The implementation of identity & access management systems has grown considerably in the last few years, inferable from the developing usage at enterprise level for unified checking and stringent government regulations to secure client information. The increase in occurrences of cyberattacks and rise in adoption of IoT (Internet of Things) are projected to drive the market. The absence of predefined set of rules and mandates in certain industries and concerns about cloud-based security is hampering the market development to a certain extent. Owing to the developing market for electronic security frameworks and various functionalities provided by IAM systems, the worldwide market is expected to grow at a high pace.

 

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Identity access management market is projected to witness noteworthy development inferable from increasing interest throughout different application segments. Cloud and hybrid deployments are expected to gain adoption in the business due to improved security with decreased error rates. Growth in client interaction through physical, online networking, mobile, and different channels for monetary services has given way to enormous development to the IAM solution providers in the BFSI segment. Besides, the oil & gas and energy vertical is anticipated to develop at a significant growth rate amid the forecast years, attributable to innovative technology, for example, robotized framework and distributed computing among others.

 

Key Findings from the study suggest that the application of IAM solutions in government segment represented a significant share of revenue in 2017 and is foreseen to show huge development throughout the forecast years. Prominent trends in the industry such as financial development, technological change and statistical developments should be equipped with dynamic framework, thus in turn driving interest for IAM systems. Numerous government organizations, for example, transportation and public utilities are executing strong security measures which are evaluated to drive market growth globally.

 

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The market for IAM in North American dominated the global market in 2017, and is projected to represent more than 30% of the overall share by 2026. Many offices in the North American region provide their employees with an equipment based individual recognizable proof confirmation card for gaining access to restricted areas. This has pushed the adoption of IAM in this region. Cloud IAM market is anticipated to witness strong demand over the forecast years, increasing at a high growth rate. Cloud deployments provide cost advantage and are anticipated to change the traditional IT security scenario.

Intelligent Building Automation Technologies Market 2021 SWOT Analysis & Top Key Company Profiles

 Global Intelligent Building Automation Technologies Industry: Opportunities in 2021

The Intelligent Building Automation Technologies Market Is Anticipated To Reach Over USD 118.7 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the commercial intelligent building automation technologies segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

 

The major driving factor for the intelligent building automation technologies market is the increasing need of infrastructure with reduced CO2 emissions, which further triggers governments to provide more incentives as the trend of smart-cities is on a rise. IBAT also has become a differentiator in the real estate business as it conforms with improved safety and security systems. The IBAT aims to reduce operational costs substantially through the integration of IoT platforms. 

 

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Several stringent energy consumption regulations passed by governments worldwide have boosted the adoption of Intelligent Building Automation Technologies. Growing concerns regarding environment, depleting fuel resources, and increasing need to reduce energy consumption further support the growth of intelligent building automation technologies market. Other factors supporting market growth include supportive government regulations, increasing awareness, and technological advancements. Increasing investments by vendors in technological advancements coupled with research and development further boost the market growth.

 

North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. There are rising concerns among consumers regarding the environment, which coupled with increasing awareness regarding intelligent building automation technologies drives the intelligent building automation technologies market growth in the region. The governments in the region are collaborating with engineers and architects to promote the adoption of Intelligent Building Automation Technologies. Commercial buildings are adopting Intelligent Building Automation Technologies owing to stringent government regulations, and the need to reduce operation costs.

 

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The major players operating in the intelligent building automation technologies market include Siemens Building Technologies Inc., General Electric, Johnson Controls Inc, ABB Ltd., Eaton Corporation, Rockwell Automation, Ingersoll Rand Inc., Schneider Electric, Honeywell International, and Delta Controls. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Fire Safety Equipment Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 The global fire safety equipment market size is projected to reach USD 114.1 billion by 2026 growing at a CAGR of 9.1% from 2019 to 2026, according to a new research report published by Polaris Market Research. The report “Fire Safety Equipment Market Share, Size, Trends, Industry Analysis Report By Product Type (Fire Detection, Fire Suppression, Fire Analysis, Fire Response, Others); By Technology (Active Fire Safety, Passive Fire Safety); By End-User (Commercial, Residential, Industrial, Others) By Region, Segments & Forecast, 2019 – 2026” provides a wide-ranging assessment of the market with insights on the current and future market trends.

 

Increase in casualties of life and property due to fire related incidents has led to importance of fire safety systems in multiple industries. Strict government enforcements and regulations related to workplace safety, and rise of automation due to smart homes/building projects are factors further contributing to the growth in adoption of fire safety equipment. Also, safety concerns have compelled strict adherence to building safety codes. Moreover, ever increasing demand from industries including oil and gas, mining has further enhanced the market growth. Emergence of new technologies such as scada solutions and wireless sensor networks provide significant growth opportunities in this market. However, high initial investments required for installation of fire safety equipment might limit the market growth in some cases.

 

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Some of the key players profiled in the fire safety equipment market report include Honeywell, Hochiki Corporation, Minimax Viking, Gentex Corporation, United Technologies Corporation, Siemens Building Technologies, Johnson Controls, Halma, Securiton AG, Tyco International.

 

The oil and gas, and mining sector involves high risk and is exposed to fire accidents due to presence of highly inflammable and combustible material including oil, gasoline, etc. To tackle and avoid such accidents, proper fire detection and prevention equipment are mandatorily required. Vendors are increasingly investing in developing new fire suppression systems to protect critical environment and investments across the sites. It is observed that risk management strategies are increasingly becoming an integral part across in oil and gas facilities; as a part of these strategies high quality fire safety installations are gaining traction in the market. 

 

During 2018, North America region account for the highest share amongst all regions in the fire safety equipment market. This growth in this region attributed to introduction of stringent government regulations related to workplace safety and adoption of fire protection technology. Also, growing demand from manufacturing and mining industries has contributed to the rise in adoption of fire protection systems across North America. While, the increasing adherence to building safety codes along with the rise in automated systems in buildings further supports the market growth. Asia Pacific regional market is expected to grow at the highest CAGR during the forecast period majorly due to high growth in industrial and manufacturing sectors. Moreover, continual growth in demand from healthcare, mining, and commercial sectors provides further opportunities for market growth in this region.

 

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Ceramic Membrane Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 Global Ceramic Membrane Industry: Opportunities in 2021

The global Ceramic Membrane market size is expected to reach USD 15,900.1 million by 2026 according to a new study by Polaris Market Research

 

Ceramic membranes are being used in high value applications such as protein fractionation in dairies, cell harvesting, separation of flow streams among others. Ability to withstand extreme pH conditions as well as to operate under extreme temperature ranges are some of the factors benefitting the market growth. Properties of ceramic materials such as inertness, longer service life, reliability, heat resistance, backflush capability, regenerative capacity, resistance to acids, alkalis are being effectively used by companies and have developed superior ceramic membrane filtration systems that find applications in a wide range of industries ranging from chemicals to water treatment.

 

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Companies operating in this market have developed products that have low flow resistance while in turn delivering high mechanical as well as chemical stability. They have also made metallurgical strides and now use a combination of manufacturing materials to produce quality and superior product. Advancements in manufacturing processes have enabled manufacturers of ceramic membranes to have better control over various ceramic membrane aspects such as layer texture, porosity, among others. Such trends have resulted in the serving of customized needs of high value applications such as premium food products, pharmaceuticals, etc. and this trend has benefitted the overall market growth.

 

From an expensive, stringent, and difficult to use product, due to the continuous R&D efforts, these membranes have evolved into a sustainable and robust technology that can be effectively use to obtain clean water. Water & wastewater treatment industry is increasingly adopting these membranes due to inherent advantages such as 100% integrity into process, high operating temperature and pressure range, foul resistant, and ability to back rinsing. Water scarcity across the globe, rising population, initiatives taken by governments and world agencies to ensure clean water access to all are fueling water treatment market growth and this trend is in turn anticipated to contribute to ceramic membrane demand for water treatment applications.

 

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The North American market is dominated by major players in the region influencing the overall supply chain. In addition, environmental standards related to minimizing of energy usage will drive the product growth offering low cost water treatment. Presence of key universities in the regions focusing on water treatment technologies are the key factor for regional competition. Product innovation and acquisitions are among the major strategies adopted by the players in the region.

 

Concentrated efforts are being taken to reduce the overall capital expenditure as well as operating expenditure of the ceramic membrane filtration systems. Such efforts have garnered attention of governments, as well as industry participants. Such concentrated efforts are expected to further reduce the overall ceramic membrane manufacturing, operational and maintenance costs. Companies such as TAMI Industries, A-tech innovation GmbH, Liqtech A/S, Saint Gobain, Qua Group LLC, Hyflux Limited, Nanostone Water Inc., GEA Group, Toray Industry Inc., Veolia Water Technologies, and Pall Corporation are some of the key players operating in the market

 

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ATV and UTV Market Global Industry Analysis By Trends, Future Demands, Growth Factors 2028

 Global ATV and UTV Industry: Opportunities in 2021

The global ATV and UTV market generated $9.2 billion in 2017 and is anticipated to grow at a CAGR of 8.3% during the forecast period according to a new report published by Polaris Market Research.

 

All-terrain vehicles (ATV) are small, open, and single-seated motor vehicles with three or four tires. It has the ability to operate on a wide variety of terrains such as forests, mountains, snow, and other rough terrains. These vehicles have deep-threaded tires that enable the vehicles to be driven on rocky, muddy, and root cover terrains. Utility task vehicles are IC engines or electric motors powered vehicles driven through steering, and used in applications such as farming, mining, and rescue.

 

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The demand for ATV and UTV has increased over the years owing to increasing tourism activities. The increasing trend of sports activities and adventure sports has increased the demand for these vehicles. The growing consumer disposable income and improving living standards also fuel the market growth. Other factors supporting the market growth include technological advancements, increasing applications in defense and agriculture sectors, and supportive government initiatives.

 

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global ATV and UTV Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. North America generated the highest revenue in 2017 owing to increasing applications in agriculture, defense, and mining applications. The high disposable incomes, and government initiatives to promote sport activities have resulted in market growth in the region.

 

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Competitive Landscape and Key Vendors

The global ATV and UTV market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

 

The leading companies profiled in the report include Yamaha Motors, Honda Motors Co Ltd, Deere & Company, Polaris Industries, Kubota Corporation, Caterpillar Inc., Kawasaki Heavy Industries Motorcycle & Engine Company, Bobcat Company, Hisun Motors, and Bombardier Recreational Products.

 

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Xerostomia Therapeutics Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 Global Xerostomia Therapeutics Industry: Opportunities in 2021

The global xerostomia therapeutics market size is expected to reach USD 822.1 million by 2026 growing at a CAGR of 3.6% during the forecast period according to a new report published by Polaris Market Research. The report “Xerostomia Therapeutics Market Size, Share, Trends, & Industry Analysis Report By Product (Dentifrices, Artificial Saliva, Saliva Substitutes, Salivary Stimulants, Drugs, and Salivary Pen); By Distribution Channel; By Regions: Segment Forecast, 2019 – 2026” provides an extensive analysis of present market dynamics and predicted future trends.

 

Xerostomia usually called as dry-mouth ailment which occurs due to missing or decreased saliva. Generally, xerostomia is not considered as a disease, yet it is a problem which occurs due to numerous clinical scenarios such as adverse effects of radioactivity on head and also neck usually due to radiation treatment and negative effects of a variety of drugs and it might or might not be always related to the reduced functionality of salivary glands. Xerostomia is a usual trouble majorly observed among senior citizens and it is estimated that it is impacting around 20% of the people around the globe. However, it is not an age-related problem as it is usually triggered as a side-effect of medication.

 

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Increase in favorable compensation plans for xerostomia products as well as increasing responsiveness and awareness about diseases associated with the condition are some of the major factors driving the market growth. Increasing occurrences of xerostomia as well as relevant medical conditions such as Parkinson’s disease, high blood pressure, Sjogren’s disorder, as well as diabetes mellitus has an affirmative impact on the international market. According to Colgate-Palmolive Company, it is estimated that more than twenty-five million people in the United States have the dry mouth problem. Similarly, Sjogren Syndrome Foundation estimates that more than four million people are suffering from Sjogren’s condition which is one the syndrome which causes dry mouth. However, to curb this problem, this foundation runs awareness programs in the U.S. for the people who are suffering from this condition and also to educate the public in general. This factor has also helped to push the overall market in this region. Along with different foundations creating awareness among the people, many of the major pharma companies are working towards acquisitions and joint ventures with emerging companies to increase their product portfolio and to create awareness among the people, further pushing the overall market.

  

The global xerostomia therapeutics market report has been segmented by type, distribution-channel and region and it is anticipated that the market size was 625.3 million in 2018 and is estimated to grow at a CAGR of 3.6% from 2019 to 2026. The dentifrices market segment is expected to be the largest segment in 2018 due to its increased adoptability, reduced pricing and availability. This is closely followed by the salivary stimulants segment which is anticipated to have a high growth rate during the forecast period.

 

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Under the distribution channel segment, hospital pharmacy segment dominated the market in terms of revenue in 2018. This was majorly due to ease of accessibility, availability of branded as well as generic medicines and reduced item prices. Regionally, North America is estimated to be the major region in 2018 followed by the European market. Increasing awareness among the people in these regions and initiatives taken by various foundations and companies are expected to push the market. Asia Pacific on other hand is expected to grow at a higher rate due to growing medical infrastructure and increased spending towards healthcare in developing countries such as India and China.

 

Some of the leading companies in this market include Colgate-Palmolive Company, Church & Dwight Co., Inc, EUSA Pharma, GlaxoSmithKline plc, Forward Science, Mission Pharmacal Company, Eisai Inc., OraHealth Inc., Parnell Pharmaceuticals, Inc., OraPharma, Inc, Saliwell Ltd., Dentaid, and Sun Pharmaceutical Industries Limited. 

 

Polaris Market Research has segmented the global xerostomia therapeutics market report on the basis of product type, distribution channel and region:

Xerostomia Therapeutics Product Type Outlook (Revenue, USD Million, 2016 – 2026)

• Artificial Saliva
• Dentifrices
• Salivary Stimulants
• Saliva Substitutes
• Drugs
• Salivary Pen

Xerostomia Therapeutics Distribution Channel Outlook (Revenue, USD Million, 2016 – 2026)

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

 

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Injection Molded Plastic Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 Global Injection Molded Plastic Industry: Opportunities in 2021

The global injection molded plastic market is expected to reach more than USD 425.7 billion by 2027 with a CAGR of 6.4% during the forecast period as per a new study released by Polaris Market Research. The report “Injection Molded Plastic Market Size By Raw Material (Polystyrene, Polypropylene, Acrylonitrile-butadiene-styrene (ABS), High density polyethylene (HDPE), Others); By End-User (Automotive, Construction, Packaging, Healthcare, Consumer Goods, Others); By Region, Segments & Forecast, 2020 – 2027” provides an extensive analysis of present market dynamics and predicted future trends.

 

In 2019, During the forecast period, Asia-Pacific is expected to lead injection molded plastic market.The tremendous growth in industries such as healthcare, packaging, automotive, construction and consumer goods have contributed in the growth for injection molded plastic market. The other driving factors such as lower labor cost, reduced wastage, material flexibility, introduction of lower labor cost have also contributed in the growth of the market. How-ever the factors such as concerns regarding environmental pollution, increase in demand for bio-based polymers are expected to restrict the growth of the market. Increase in demand from developing nations, technology advancement are expected to provide future opportunities to the injection molded plastic companies.

 

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Injection molded plastic is used in many applications in automotive industry. It is used for manufacturing automotive interiors, exteriors, under hood applications, fueling framework, etc. Injection molded plastics are cost effective and hence used in almost all manufacturing automotive parts. Presently, it is also used as substitute for the metals, which offers lighter weight, provides rust resistance and reduce wear and tear in automotive parts.

 

Asia Pacific has the largest share in injection molded plastic market. It is also expected to lead the market through the forecast period. In Asia-Pacific there are many emerging industries for healthcare, construction, packaging etc. There are many research and development activities carried in this market. The government has also amended favorable policies to accelerate the growth of the market. Rapid industrialization and growth of manufacturing industry further support market growth in the region. The other end-users applications for injection molded plastic are automotive, construction, packaging, healthcare, consumer goods, and others.

 

The top companies for injection molded plastics are: E. I. DuPont De Nemours and Company, China National Petroleum Corporation, Huntsman Corporation, BASF SE, , LyondellBasell, Berry Plastics Group, Eastman Chemicals, , SABIC, INEOS Group, the Dow Chemical Company, Exxon Mobil Corp and many others. The companies are continuously working on new product launches and are collaborating with other companies to increase the production and cater the growing need for injection molded plastic.

 

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Polaris Market Research has segmented the global injection molded plastic market on the basis of raw material, end-user, and region:

 

Injection Molded Plastic Raw Material Outlook (Market Revenue in USD Billion, 2016 – 2027)

• Polystyrene
• Polypropylene
• Acrylonitrile-butadiene-styrene (ABS)
• High density polyethylene (HDPE)
• Others

Injection Molded Plastic End-user Outlook (Market Revenue in USD Billion, 2016 – 2027)

• Automotive
• Construction
• Packaging
• Healthcare
• Consumer Goods
• Others

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Immuno Oncology (I-O) Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 

Global Immuno Oncology (I-O) Industry: Opportunities in 2021

The report “Immuno Oncology (I-O) Market Size, Trends, Industry Analysis By Treatment Approaches (Monoclonal Antibodies, Therapeutic Vaccines, Checkpoint Inhibitors, and Cytokines); By Novel Targets (IDO1i, LAG-3 CPI, oncolytic virus, STING agonist, TLR agonist, HDACi, TIL, VEGFi, MEKi, TIGIT, CPI, GITR agonist, TGF-b trap, and A2AR antagonist/CD73i); By Tumor Types; By Region: Market Size & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global immuno-oncology market size is expected to reach USD 38.89 billion by 2025 according to a new study by Polaris Market Research. Immuno-oncology, also called as cancer immunotherapy is a biologic treatment, which enhances the body’s natural defenses to stop the growth of cancer. This therapy uses constituents made by the body or in a research laboratory to improve or reestablish the immune system function.

Immuno-oncology represents an innovative approach to cancer research that seeks to harness the body’s own immune system to fight tumor cells. Currently, world is at the forefront of this science with several compounds in development that are being investigated for use in a variety of cancers, as well as an approved immuno-oncology medicine that continues to be studied for new uses. The more precise targeting of patients for selected therapies is another important area of focus in oncology. Clinical biomarkers and pharmacogenomic studies are increasingly used to identify groups and sub-groups of patients most likely to benefit from an investigational agent in order to maximize its potential benefits.

 

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Some of the key players operating in global immuno-oncology market are Bristol Myers Squibb, Merck, AstraZeneca, Roche Holding AG, Pfizer Inc., and Incyte Corporation among others.

 

The global immuno-oncology market is driven by the factors such as rising occurrence of different forms of cancer, technological advancements in the field of immune oncology for cancer treatment, and rising awareness concerning the benefits of ablation procedures over conventional treatment procedures. Moreover, rising number of ablation centers, surgical centers, and hospitals are driving the growth of tumor ablation market globally. Additionally, the developments in oncology treatments, leading to the increased development of pioneering products are also advancing towards significant growth of the global Immune Oncology market.

 

The increasing trend was also seen in the research in the novel agents and increase in the number of clinical trials in combinations as well as monotherapy. The most notable new agents in Immuno-Oncology are IDO’s, LAG-3, TIGIT, TIM-3, VISTA, KIR, NKG2A, B7-H3/H4. The Report has also emphasized on the Oncolytic viruses, Neo-Antigen therapies, TCR Therapies and CAR-T therapies.

 

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On the basis of treatment type, the global immuno-oncology market is segmented into Monoclonal Antibodies, Therapeutic Vaccines, Checkpoint Inhibitors, and Cytokines. Checkpoint inhibitors were the largest treatment process segment in 2019 that accounted for 55.2% of the overall revenue. On the basis of novel targets, the global market is segmented into IDO1i, LAG-3 CPI, oncolytic virus, STING agonist, TLR agonist, HDACi, TIL, VEGFi, MEKi, TIGIT, CPI, GITR agonist, TGF-b trap, and A2AR antagonist/CD73i. VEGFi was the largest novel target segment that was used for immuno-oncology treatment processes in 2019 with a total market share of 11.2%. on the basis of cancer type, the global immuno-oncology Market is segmented into Melanoma, Non-Small Cell Lung Cancer, Renal Cell Carcinoma, Head, face & Neck Cancer, Bladder Cancer, Classical Hodgkin’s Lymphoma, Merkel Cell, and carcinoma. Revenue share of immuno-oncology treatment for classical hodgkin’s lymphoma was the largest in 2019 i.e. 15.31% among the listed tumor types in the report.

 

On the basis of geography, North America was the largest regional market in 2019. High levels of spending on cancer treatments, also U.S. being one of the major country y with a huge population of cancer affected people on a global scale, the country being the host to the development of this technology, higher frequency of innovations of immuno oncology treatments or processes in the region specially in the U.S. etc., all of these factors have driven significant investment and alongside the demand for IO in the region. These factors have driven the North American market since the inception of this technology and over the forecast period it is expected to increase further.

 

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Gardening Equipment Market Global Industry Analysis By Trends, Future Demands, Growth Factors 2028

 ​Global Gardening Equipment Industry: Opportunities in 2021

The global gardening equipment market size is expected to reach USD 110.80 billion by 2028 according to a new study by Polaris Market Research. The report “Gardening Equipment Market Share, Size, Trends & Industry Analysis Report By Product Type (Hand Tools [Shears & Snips, Hoe, Weeder], Lawnmowers, Water Management Equipment, Trimmers & Edgers, Others); By End-Use (Commercial, Residential); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The growth is highly driven by the growing adoption of gardening equipment by the commercial construction industries as well as residential users. Moreover, innovations in technology to save energy, time, and cost have resulted in the emergence of new products such as robotic lawnmowers, which are anticipated to provide new opportunities to the market.

 

Also, the demand for lawnmowers is witnessing growth by the landscaping services in the U.S., which is anticipated to play a major role in the growth of the industry during the projected period. Also, the growth is anticipated to be driven by their applications in the sports fields such as golf courses as well as from the government sector for maintenance of public parks and other government-owned landscapes.

 

The market for gardening equipment is mature and stable and is projected to remain highly attractive during the forecast period. By product type segment, lawnmowers are anticipated to hold the largest share throughout the forecast period. Furthermore, the segment will also be the fastest-growing segment.

 

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Moreover, the hand tools segment is further sub-segmented into weeder, shear & snips, hoe, and other hand tools. These tools are generally demanded by individuals to perform basic tasks and as a part of their basic tool kit. One of the major driving factors for the growth of the hand tools segment is repeated purchases of these tools. 

 

North America held the largest share in 2020 of the gardening equipment market owing to high living standards as well as the availability of adequate garden space as well as strict government rules for garden maintenance. Further, the Asia Pacific region is expected to experience high growth in the demand for hand tools.

 

Funds by the government along with the consent of private firms for developing landscapes are fueling the market growth. U.S., Canada, and Western European countries are majorly contributing to the market. In addition, certain countries such as the U.S. Canada, and the UK have a strong garden and residential lawn cultures, which is positively influencing the demand in these countries. Furthermore, a major share of golf courses globally is also located in these countries. Additionally, the Middle East & Africa, and Latin America are also anticipated to contribute to the market share attributed to the constantly growing construction and infrastructure sector of the region.

 

The key strategies adopted by players is product innovation, which helps them to attract new customers and fulfill end-user demand. The major players operating in the Gardening Equipment include Briggs & Stratton, Ariens Company, Honda Power Equipment, Deere & Company, Falcon Garden Tools, Husqvarna Group, Robert Bosch GmbH, Fiskars Corporation, Toro, and Robomow-Friendly robotics among others.

 

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Polaris Market Research has segmented the gardening equipment market report based on product, application, and region:

 

Gardening Equipment, Product Outlook (Revenue – USD Billion, 2016 – 2028)

• Hand Tools
  • Weeder
  • Shears & Snips
  • Hoe
  • Other Hand Tools
• Lawnmowers
• Water Management Equipment
• Trimmers & Edgers
• Other Equipment

Gardening Equipment, End-Use (Revenue – USD Billion, 2016 – 2028)

• Commercial
• Residential

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Probiotics Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 Global Probiotics Industry: Opportunities in 2021

According to a new study published by Polaris Market Research the probiotics market is anticipated to reach over USD 77,240 million by 2026. In 2017, the functional food and beverage segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

 

A significant increase in disposable income, changing lifestyles, and initiatives by market players to promote natural products drive the growth of this market.  The health benefits offered by probiotics such as enhanced digestion, stronger immune system, healthier skin, decreased chances of cold and flu have increased its demand significantly over the years. Other factors supporting market growth include increasing awareness regarding use of probiotics in food products and beverages, and research and development for advancement. Increasing demand from developing nations is expected provide numerous growth opportunities to the market players during the forecast period.

 

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Improvement in lifestyle and increasing disposable income, especially in the developing countries of Asia-Pacific fuels the demand for probiotics market. Factors such as increase in per capita income and changes in consumer behavior are expected to accelerate the adoption of probiotics in the coming years. Consumers are increasingly becoming aware regarding their health and taking preventive health measures, thereby promoting the adoption of probiotics.

 

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The rising geriatric population in the region, and increasing disposable income drive the market growth. The increasing demand of health products in the region along with increasing awareness regarding benefits of probiotics further support market growth. The increasing demand of probiotics for animal feed and growing demand for healthy livestock is expected to accelerate the adoption of probiotics during the forecast period.

 

The different sources of probiotics include bacteria, and yeast. In 2017, the bacteria segment accounted for the highest market share. Use of healthy bacteria offers benefits such as enhanced immunity, prevention of diarrhea and irritable bowel syndrome, reduced chances of cold and flu, and increased lactase production among others. Growing awareness and extensive research and development for further development are expected to support market growth during the forecast period.

 

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The well-known companies profiled in the report include Danone, Yakult Honsha Co., Ltd., Nestle S.A., Lifeway Foods, Inc., Ganeden, Inc., Probi AB, BioGaia AB, Danisco A/S, Nebraska Cultures, Lallemand Inc., General Mills, Inc., and I-Health Inc. among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.