#North America Luxury Furniture Market Size
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North America Luxury Furniture Market is expected to garner CAGR of 3.1% during the forecast period, 2016–2022. Luxury furniture enhances the aesthetic value of establishments, such as homes, hotels, offices, and other indoor or outdoor areas. The North American luxury furniture market significantly benefits from the economic growth of the countries in this region, which include U.S., Canada, and Mexico.
#North America Luxury Furniture Market Size#North America Luxury Furniture Market Share#North America Luxury Furniture Market Demand#North America Luxury Furniture Market Growth#North America Luxury Furniture Market Analysis#North America Luxury Furniture Market Trends#North America Luxury Furniture Market Forecast
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Patio Chairs Market is set for a Potential Growth Worldwide: Excellent Technology Trends with Business Analysis
The global patio chairs market is expected to witness high growth in the forecasted period due to rapid urbanization and upliftment in the consumer living standards in developing countries. Increasing use of the garden as living space, a place for active and passive recreation by people. The manufactures of patio chairs have provided comfort with sustainability and innovative design. Additional, developing furniture for relatively small spaces like balconies is increasing globally and that is projected the growth of the outdoor luxury furniture market in the forecast period.
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Latest released the research study on Global Patio Chairs Market, offers a detailed overview of the factors influencing the global business scope. Patio Chairs Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Patio Chairs The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are Agio International Co., Inc. (United States), Ashley Furniture Industries, Inc. (United States), Brown Jordan International, Inc. (United States), Century Furniture LLC (United States), Inter IKEA Systems B.V. (Netherlands), Kimball International, Inc.(United States), Keter Group (Israel), La-Z-Boy Inc. (United States), Lloyd Flanders, Inc. (United States), Steelcase Inc. (United States)
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Wood Adhesives Market Is Anticipated To Attain Around $12.52 Billion By 2030
The global wood adhesives market size is anticipated to reach USD 12.52 billion by 2030 and is projected to grow at CAGR of 8.6% from 2024 to 2030, as per the new report by Grand View Research, Inc. The increasing demand from engineered wood-based panel manufacturers is a significant driver of the market.
Adhesives are a preferred choice for binding wood strips, chips, fibers, strands, and veneers for manufacturing engineered wood-based panels such as plywood, particle board, oriented strand board, medium density fiberboard, and high density fiberboards. Increasing population and rapid urbanization accompanied with the government efforts to boost residential construction are likely to propel the demand for wood-based panels, which in turn is expected to support the market growth.
Urea-formaldehyde (UF) dominated the market in 2023 owing to its beneficial properties, namely, inflammability, low cost, light color, and a very rapid cure rate. However, low water resistance of the product is likely to restrain its utilization over the coming years. Melamine urea-formaldehyde (MUF) resins, which possess better water resistance properties, are increasingly being used in exterior applications that are more susceptible to moisture.
Soy-based adhesives have gained popularity owing to their low cost production, low emissions, and bio-based origin. Stringent regulations pertaining to the formaldehyde emissions that are emitted during the production of UF resin-based wood products has led to resurgence of soy-based adhesives demand. Hydrolyzed soy proteins added to phenol formaldehyde resins provide reduced costs without degrading performance.
Furniture is also expected to remain a major application for the product. Growing investment on high-end, branded furniture by the consumers is expected to positively affect the market. Major trends affecting the industry are sustainability, digitalization, and integration of home electronics into work & home furniture. These factors have facilitated innovation and new product development in the market.
Wood Adhesives Market Report Highlights
Urea-formaldehyde (UF) dominated the market in 2023 with a significant volume share of 31.4%, due to its low cost
Soy-based adhesives are anticipated to witness the fastest revenue growth, with a CAGR of 10.0% from 2024 to 2030. The environmental advantages offered by the product is estimated to play a key role for its increasing demand
Flooring is estimated to be the fastest growing application, in terms of revenue, with a CAGR of 9.3% from 2024 to 2030. Increasing construction spending and the rise in demand for luxurious and comfortable flooring is expected to facilitate the segment growth
Particle Board (PB) held the largest share in the wood adhesive consumption, with a significant volume share of 27.1% in 2023
Asia Pacific dominated the wood adhesives market with a significant volume share of 58.6% in 2023, owing to the extensive engineered wood-based panel production in the region
Wood Adhesives Market Segmentation
For this report, Grand View Research has segmented the global wood adhesives market report based on product, application, substrate, and region:
Wood Adhesives Product Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)
Urea-formaldehyde (UF)
Melamine Urea-formaldehyde (MUF)
Phenol-formaldehyde (PF)
Isocyanates
Polyurethane
Polyvinyl Acetate (PVA)
Soy-based
Others
Wood Adhesives Application Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)
Flooring
Furniture
Doors & Windows
Housing Components
Others
Wood Adhesives Substrate Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)
Solid Wood
Oriented Strand Board (OSB)
Plywood
Particle Board (PB)
Medium-density Fiberboard (MDF)
High-density Fiberboard (HDF)
Others
Wood Adhesives Regional Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Asia Pacific
China
India
Japan
Central & South America
Brazil
Middle East & Africa
Saudi Arabia
List of Key Players in the Wood Adhesives Market
H.B. Fuller
Henkel AG & Co., KGaA
Bostik S.A.
3M
Sika AG
Ashland, Inc.
Pidilite Industries Ltd.
Jubilant Industries Ltd.
AkzoNobel N.V.
Franklin Adhesives & Polymers.
DowDuPont Inc.
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Exploring Market Size and Share Trends Across massage equipment Industry Verticals
Global Massage equipment Market Overview:
The market for massage equipment is expected to expand at a compound annual growth rate (CAGR) of 10.80% between 2023 and 2032, from USD 8.3 billion in 2023 to USD 18.8 billion.
The massage equipment market has witnessed significant growth in recent years as people increasingly prioritize health and wellness. Massage equipment offers relaxation, stress relief, and therapeutic benefits, driving demand among consumers worldwide. This article provides an overview of the massage equipment market, including segmentation analysis, key takeaways, and regional insights.
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By Segmentation:
1. Product Type:
a. Massage Chairs: These innovative chairs feature built-in massage mechanisms that target different areas of the body, providing a convenient and luxurious massage experience.
b. Handheld Massagers: Handheld massagers are portable devices equipped with various massage attachments and settings, allowing users to target specific muscle groups and alleviate tension.
c. Massage Tables: Massage tables are essential equipment for professional massage therapists and spas, providing a comfortable and adjustable surface for clients during massage sessions.
d. Foot Massagers: Foot massagers offer relief for tired and achy feet, incorporating features such as heat therapy, rolling nodes, and air compression for relaxation and revitalization.
e. Neck and Shoulder Massagers: These specialized devices target the neck and shoulder area, where tension and stress commonly accumulate, providing relief through kneading, vibration, and heat therapy.
2. End-User:
a. Residential: Consumers purchase massage equipment for personal use at home, seeking relaxation and relief from everyday stress, muscle tension, and discomfort.
b. Commercial: Massage equipment is used in commercial settings such as spas, wellness centers, gyms, and massage therapy clinics to offer professional massage services to clients.
3. Distribution Channel:
a. Online Retail: Online platforms provide a convenient and extensive range of massage equipment options, allowing consumers to compare products, read reviews, and make purchases from the comfort of their homes.
b. Offline Retail: Brick-and-mortar stores, including specialty wellness shops, department stores, and furniture stores, offer a physical shopping experience where customers can test and evaluate massage equipment before making a purchase.
Key Takeaways:
1. Wellness Trend: Increasing awareness of the importance of self-care and wellness drives demand for massage equipment, as consumers seek convenient ways to relax, de-stress, and improve their overall well-being.
2. Technological Advancements: Manufacturers are incorporating advanced features such as adjustable intensity levels, customizable massage programs, heat therapy, and wireless connectivity to enhance the effectiveness and user experience of massage equipment.
3. Market Expansion: The massage equipment market is expanding beyond traditional demographics, with growing adoption among younger consumers, athletes, and individuals seeking alternative therapies for pain management and relaxation.
4. Home Wellness Solutions: The COVID-19 pandemic has accelerated the trend of creating wellness sanctuaries at home, leading to increased demand for massage equipment as part of home relaxation and self-care routines.
Regional Insights:
1. North America: The United States and Canada dominate the North American massage equipment market, driven by a strong focus on health and wellness, high disposable incomes, and a growing aging population seeking therapeutic solutions.
2. Europe: Countries in Europe, including the UK, Germany, and France, exhibit growing demand for massage equipment fueled by health-conscious lifestyles, spa culture, and increasing adoption of home wellness practices.
3. Asia Pacific: Rapid urbanization, rising disposable incomes, and a burgeoning middle class in countries such as China, Japan, and South Korea contribute to the growth of the massage equipment market in the Asia Pacific region.
4. Latin America and the Middle East & Africa: These regions offer untapped opportunities for market expansion due to increasing awareness of wellness trends, tourism development, and rising demand for spa and wellness
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Leather Chair Market Share, Size, Trends 2024
The global leather chair market presents a compelling landscape characterized by a fusion of tradition and innovation, where timeless craftsmanship converges with modern design sensibilities. As consumers increasingly prioritize comfort, style, and durability in their furniture choices, the demand for leather chairs continues to exhibit steady growth across residential, commercial, and hospitality sectors. Key Drivers and Market Dynamics Several factors propel the growth of the leather chair market. Firstly, the enduring appeal of leather as a material prized for its luxurious texture, durability, and timeless aesthetic continues to attract discerning consumers seeking to elevate their living or workspaces. Additionally, the proliferation of online retail channels and e-commerce platforms has widened accessibility, enabling consumers to explore an extensive array of leather chair options from the comfort of their homes. Moreover, the convergence of ergonomic design principles with advancements in manufacturing technologies has led to the development of leather chairs that prioritize both form and function. With an emphasis on ergonomics, lumbar support, and customizable features, manufacturers are catering to the demand for seating solutions that promote comfort and well-being, particularly in office environments where prolonged sitting is common. Regional Insights and Market Segmentation Geographically, North America and Europe command significant shares of the global leather chair market, owing to the presence of affluent demographics with a penchant for premium furniture pieces. However, emerging economies in the Asia-Pacific region, including China and India, are poised to emerge as lucrative markets, propelled by rapid urbanization, increasing consumer spending, and a burgeoning hospitality sector. In terms of segmentation, the leather chair market encompasses a diverse range of product types, including traditional wingback chairs, contemporary recliners, sectional sofas, and accent chairs. Moreover, customization options, such as leather grades, colors, and finishes, cater to diverse consumer preferences and interior design schemes. Conclusion In conclusion, the leather chair market continues to thrive amidst evolving consumer tastes, technological advancements, and shifting industry dynamics. With a blend of craftsmanship, innovation, and a focus on quality, manufacturers are poised to capitalize on the growing demand for premium seating solutions, thereby driving the market forward in the years to come.
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https://www.advancemarketanalytics.com/reports/95907-global-canopy-beds-market
Canopy Beds Market Update - The Growth Trend Continues
Advance Market Analytics released a new market study on Global Canopy Beds Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Canopy Beds Forecast till 2029*.
Canopy bed is a decorative bed that resembles a four-poster bed in appearance. Each of the four corners of a conventional canopy bed has posts that reach four feet or more above the mattress. Canopy beds have long been associated with luxury and refinement, as well as providing warmth and seclusion. The 14th-century style, also known as a tester bed, suspends a full-size canopy from the ceiling or headboard instead of posts, with curtains on the top, back, and sides. Canopy beds make a big statement and dramatically change the design of your home.
Key Players included in the Research Coverage of Canopy Beds Market are:
Doimo Cityline Srl (Itlay), Charles P. Rogers & Co., Inc (United States), Oliver Metal Furniture (India), LIFETIME Kidsrooms (Denmark), Pensarecasa srl (Italy), TWILS Srl (Italy), Eppotum Initiatives Private Limited (India), AeroTEC (United States), Cane Furniture India Private Limited (India), ALM Industries Limited (India)
What's Trending in Market: Home Décor Perceived as Symbol of Status
Boost in Sales Through E-Commerce Platforms
Challenges: International Shipping
Fierce Competitive Pressure
Opportunities: Surge in Renovation Projects Across Regions
Market Growth Drivers: Rising Household Disposable Income
Increasing Urbanization and Adoption of Urban Life Style
Growing Number of Luxury Residential Projects
The Global Canopy Beds Market segments and Market Data Break Down by Type (Contemporary, Classic, Traditional), End Use (Household, Commercial), Distribution (E-Commerce Website, Third Party Website, Supermarket/Hypermarket, Furniture Retail), Material (Wooden, Metal, Others)
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To comprehend Global Canopy Beds market dynamics in the world mainly, the worldwide Canopy Beds market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia and Brazil.
• Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa.
• Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia.
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Home Furnishings Market| Market Size, Share, Trends, Analysis, Growth and Forecast, 2023 – 2027
Originally published on Technavio: Home Furnishings Market Analysis Europe, North America, APAC, Middle East and Africa, South America - US, China, Japan, Germany, France - Size and Forecast 2023-2027
The Home Furnishings Market is set for comprehensive analysis and anticipated growth from 2023 to 2027, with a focus on key regions including Europe, North America, Asia-Pacific (APAC), the Middle East and Africa, and South America. This market, crucial for transforming living spaces and reflecting consumer tastes, will be examined based on its diverse regional dynamics and market size.
**Europe** stands as a significant player in the global Home Furnishings Market, with key contributors such as Germany and France playing pivotal roles. The region is characterized by a rich history of craftsmanship and design, influencing trends in home furnishings. Consumers in Europe often seek a balance between aesthetics and functionality, driving innovation in furniture and décor. The market dynamics in Europe are influenced by factors such as cultural influences, sustainability preferences, and evolving interior design trends.
**North America**, with the United States at its forefront, is a major consumer and contributor to the Home Furnishings Market. The U.S. market reflects a diverse range of styles, from traditional to contemporary, with a focus on comfort and practicality. Homeownership rates and a strong culture of interior design contribute to the steady demand for furnishings. The market dynamics in North America are shaped by consumer lifestyle choices, housing trends, and the influence of e-commerce on the retail landscape.
**Asia-Pacific (APAC)**, led by countries like China and Japan, is a dynamic and rapidly growing market for home furnishings. China, in particular, is experiencing a surge in demand for modern and stylish home décor items, fueled by a rising middle class with increased disposable income. Japan, known for its minimalist aesthetic, contributes to the market with a focus on functional and space-saving designs. The market dynamics in APAC are influenced by urbanization, changing consumer preferences, and a growing awareness of international design trends.
**The Middle East and Africa** showcase unique dynamics in the Home Furnishings Market, influenced by cultural and regional aesthetics. Luxury and traditional designs often take precedence in the Middle East, with a preference for ornate and opulent furnishings. In Africa, a mix of traditional and contemporary styles is observed, driven by a burgeoning urban population seeking modern living solutions. The market dynamics in this region are shaped by cultural preferences, economic factors, and urbanization trends.
**South America** is emerging as an important market for home furnishings, with Brazil being a key contributor. South American consumers often gravitate towards vibrant and eclectic designs, reflecting the region's rich cultural diversity. Economic growth and a rising middle class contribute to increased spending on home décor items. The market dynamics in South America are influenced by cultural diversity, economic conditions, and consumer lifestyle choices.
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In conclusion, the forecasted period for the Home Furnishings Market emphasizes the global significance of creating appealing and functional living spaces. As consumer preferences evolve and trends in design continue to shape the market, manufacturers, retailers, and stakeholders in the home furnishings industry must stay attuned to regional dynamics, cultural influences, and the impact of technology on consumer purchasing behavior to capitalize on the expanding opportunities within this dynamic market.
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Luxury Furniture Market Giants Spending Is Going To Boom
Latest released the research study on Global Luxury Furniture Market, offers a detailed overview of the factors influencing the global business scope. Luxury Furniture Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Luxury Furniture The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are Steelcase (United States), Ashley Furniture Industries (United States), Inter IKEA Group (Netherlands), Sears Holdings (United States), Haworth (United States), Herman Miller (United States), HNI (United States), Kimball International (United States), Knoll (United States)
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Luxury Furniture Market Definition:
Luxury Furniture is that furniture which is conducive to sumptuous living, and that includes elements that are elegant, sumptuous and indulgent. The global luxury furniture market is expected to witness high growth in the forecasted period due to rapid urbanization and upliftment in the consumer living standards in developing countries such as India, South Africa, and China. Increasing the use of the garden as a living space, a place for active and passive recreation by people is also driving the market for luxury furniture.
Market Trend:
Rising Penetration of Online Retailing All Across the World
Market Drivers:
Rising Disposable Income and Affordability
Globalization and Major Population Shift to the Urban Areas Worldwide
Up surging Demand for Luxury Furniture in Garden, Outside Porches, and Balcony
Market Opportunities:
Changing Consumer Demographics as well as Tourism & hospitality Industry Growth
Increasing Demand from Emerging Market such a China, India and Others
The Global Luxury Furniture Market segments and Market Data Break Down are illuminated below:
by Furniture Type (Chairs, Tables, Seating Sets, Dining Sets, Loungers & Daybeds), End Use (Commercial Use, Domestic Use), Material (Metal, Plastic, Wood, Glass, Leather)
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Luxury Furniture Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Luxury Furniture market
Chapter 2: Exclusive Summary – the basic information of the Luxury Furniture Market.
Chapter 3: Displayingthe Market Dynamics- Drivers, Trends and Challenges of the Luxury Furniture
Chapter 4: Presenting the Luxury Furniture Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying market size by Type, End User and Region 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Luxury Furniture market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2021-2026).
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Luxury Furniture Market is a valuable source of guidance for individuals and companies in decision framework.
Data Sources & Methodology
The primary sources involves the industry experts from the Global Luxury Furniture Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.
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Regional Analysis of the Camping Equipment Market: 2023-2030 Forecast
The global camping equipment market size was valued at USD 77.94 billion in 2022. The market is projected to grow from USD 83.58 billion in 2023 to USD 133.05 billion by 2030, exhibiting a CAGR of 6.9% during the forecast period.
Equipment for camping is used by trekkers and hikers for trekking and hiking respectively for safety and convenience. Trend and need for leisure activities in the young population is augmenting the market growth. Habit of travelling post-pandemic has surged the market share for the equipment. Fortune Business Insights™ shares this information in its report titled “Camping Equipment Market, 2023-2030.”
List of Key Players Profiled in the Market Report
MountCraft (India)
Johnson Outdoor Inc. (U.S.)
Nemo Equipment, Inc. (U.S.)
Oase Outdoors ApS. (Denmark)
Newell Brands (U.S)
Zempire Camping Equipment (New Zealand)
Exxel Outdoors, LLC (U.S.)
AMG Group Ltd. (U.K.)
Big Agnes, Inc. (U.S.)
SUPAPEG (Australia)
Segmentation
Backpacks to Lead as They are Lightweight And Convenient To Carry
On the basis of product type, the market is segmented into backpacks, sleeping bags, tents, cooking system, furniture, and others. Backpacks segment held the majority part in as they are very lightweight and convenient for the consumers to carry their belongings from place to place. The backpack segment is set to hold a share of 26.22% owing to the increasing trend for travel and tours among the young population.
Offline Channels To Lead As They Offer A Wide Range Of Products
Based on distribution channel, the market is segmented into offline stores and online stores. Offline channels are expected to dominate the segment as supermarkets and hypermarkets and others have a wide range of products. They also provide consumers to check the authenticity of the products. Online segment is also increasing due to prevalence of e-commerce in various regions.
Geographically, the market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.
Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints
Increasing Number Of Investments In The Tour And Travel Industry To Drive Market Trajectory
Increasing number of investments in the tour and travel industry are anticipated to drive camping equipment market growth. Tourism sector helps to generate a high portion of revenue which is encouraging the government to adopt several investments towards improving the travel infrastructural facilities. The growth is supported by the implementation of various policies of development in the tourism activities.
However, increasing prices of the travelling such as of airline tickets, international baggage chargers, and others are anticipated to hinder market development.
Regional Insights
North America To Lead Market Due To Demand For Luxury And Premium Travel Accessory Products
North America is expected to dominate camping equipment market share due to demand for luxury and premium travel accessory products in the region. Presence of well-known market players in the U.S. owing to the availability of wide range of brands in travel or camping gear and accessories and kits.
Europe is also expected to be the second dominant region owing to the increasing rate of outdoor recreational activities. Tourism sector is also getting a boost with number of investments and projects which is also set to propel market growth.
Asia Pacific is anticipated to have a significant growth with prevalence of camping activities owing to increasing interests amongst youth populace.
Competitive Landscape
Key Market Players Have Been Launching New Products
Key market players have been launching new products depending upon on the need for the customization and trekking taken up by the people. Diverse weather conditions, tracks, and other factors have been influencing the application of different trekking products increases the need for customized and high-durability products which led to the launch of customized trekking goods which is influencing the market positively. In May 2020, The North Face Company announced the launch of a new series of mountain kits for the summer season, which had garments, foot wears, and other travel equipment.
Key Industry Development
June 2022- Newell Brands Contigo launched a range of cooking systems including beverage containers, dual-sip thumbler, stainless steel can cooler and tumbler, wine tumbler, cookware sets, and other cooking systems. All of the products can be reused and are suitable for trekking activities.
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Abrasives Market Analysis 2023-2033
Research Nester published a report titled “Abrasives Market”: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global abrasives market in terms of market segmentation by type, source, material, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global abrasives market is anticipated to grow with a CAGR of ~6% over the forecast period, i.e., 2023-2033. The market is segmented by application into automotive, metal working, machinery, electrical & electronics, and construction. Among these segments, the automotive segment is anticipated to garner the largest revenue by the end of 2033 owing to the increasing automobile industry on account of more use of abrasives in the cleaning of machinery. The number of highway registered vehicles showed a raise of 275,924,442 in 2020, up from 273,602,100 in 2018.
The global abrasives market is estimated to garner a revenue of ~USD 65 billion by the end of 2033, up from a revenue of ~USD 42 billion in the year 2022. A rise in furniture utilization across the globe, and rapid urbanization & an increase in disposable income are some of the major factors expected to drive the growth of the market. Over 50% population worldwide live in urban cities, which is estimated to reach 6 billion with an increase of 1.5 times by 2045.
Geographically, the global abrasives market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Out of these, the market in North America region is estimated to garner the highest revenue in the year 2033 on account of increasing passenger and commercial vehicle demand in the region. The U.S passenger car sales value as per imports in 2021 was USD 148,145,016.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Elevating Growth in the Disposable Income to Boost the Market Growth
The U.S disposable income rose from -0.4% in 2022 June to 0.15 in 2022, as per the Bureau of Economic Analysis.
Disposable income is the extra money households have after the removal of taxes. With the rising disposable income, households can save or spend money on luxury which is expected to have a positive impact on the abrasives market growth across the world.
However, lack of raw materials and shortage of labor are expected to operate as key restraints to the growth of global abrasives market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global abrasives market which includes company profiling of 3M, Jason Industrial, KREBS & RIEDEL Schleifscheibenfabrik GmbH & Co. KG, DEERFOS Co. Ltd, DuPont Inc., sia Abrasives Industries AG, Carborundum Universal Limited, Noritake Co., Limited, Schaffner Holding AG, and Tyrolit Schleifmittelwerke Swarovski KG. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global abrasives market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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How to Choose the Perfect Large Decorative Wall Clock for Your Home
According to Dataintelo.com, North America is the leading market for wall clocks due to the high demand. This surge in demand is due to the fact that people realise that an elegant wall clock can serve as the focal point of any room, adding style and functionality. But with so many choices out there, finding the ideal clock may seem overwhelming. So, in this blog post, we'll outline the process for finding one that suits both your aesthetics and personal tastes.
(Source:https://www.jrehomedecor.com/product/luxury-designer-gold-zodiac-modern-wall-accent-decorative-clock/)
Consider Your Interior Style:
Before venturing into the world of wall clocks, take some time to assess your home's interior style. Is your space modern and minimal, rustic and cozy, eclectic and vibrant, or some combination thereof? Understanding this aspect will help narrow down your choices to find a clock that matches its overall design; for a contemporary space, sleek minimalist clocks with clean lines may work, while ornate vintage-inspired clocks may complement more traditional or eclectic decors.
Figuring Out the Appropriate Size:
Selecting an appropriate wall clock size is crucial to creating an enjoyable space in which to display it. Take into account wall dimensions and surrounding furniture or artwork when choosing one that fits. A good rule of thumb for selecting clocks proportional to the wall space they occupy would be for large clocks to become statement pieces when used above furniture, such as fireplaces or sofas, while smaller clocks add charm without taking over an area completely.
Assess Your Clock's Functionality:
While large decorative wall clocks primarily serve to display time, many also come equipped with additional features and functions. Decide whether you prefer one with standard hour and minute hands or extra features like second hands, date displays, or temperature gauges. Also, take into consideration which clock mechanism would suit you best: quartz movements offer precision while mechanical or pendulum clocks add classic charm; select one that not only enhances your decor but meets practical needs as well.
(Source:https://www.jrehomedecor.com/product/luxury-gold-crystal-watch-designer-modern-wall-accent-decorative-clock/)
Explore Different Designs and Materials:
Large decorative wall clocks come in an assortment of designs and materials. Ranging from metal, wood, acrylic, and glass clocks - each material choice can drastically change the aesthetic. Take into consideration any existing textures or materials in your room and select one that complements or contrasts them harmoniously - explore vintage-inspired, geometric abstract, or nature-themed clocks until you find one that speaks to you personally while adding to the overall atmosphere of the room.
Consider Your Preferences:
Finding the ideal large decorative wall clock should reflect your personal tastes and invoke feelings of connection or joy. Take time to consider which colors, patterns, and motifs speak to you personally, as well as whether the clock should inspire tranquility, energy, or calm. With your personal touches incorporated into its design, the clock will become an indispensable addition to your home while reflecting your unique style and personality.
Conclusion
Selecting the ideal large decorative wall clock requires careful consideration of your home's style, size requirements, functionality needs, and personal preferences. By following these guidelines and exploring all available options at JRE Home Decor, you will be well-equipped to select one that not only tells time but also enhances its beauty by becoming part of its decor.
Source: https://jrehomedecorca.blogspot.com/2023/07/how-to-choose-perfect-large-decorative.html
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North America Furniture Market Expected to Reach $400,068.8 million by 2030-Allied Market Research
According to a new report published by Allied Market Research, titled, “North America furniture Market by Type and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021–2030,”the North America furniture market size was valued at $ 249,406.5 million in 2020 and is projected to reach $ 400,068.8 million by 2030, registering a CAGR of 4.9% from 2021 to 2030.
Furniture is a term that refers to objects used to support human activities such as seating, eating, sleeping, and others. Furniture can also be used to hold and position an object at a specific height, whether for storage or aesthetic reasons. Furniture designs can be altered using machine-based methods and handcrafting, depending on eventual usage. Furniture manufacture necessitates the collaboration of highly trained and creative individuals.
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The residential segment in the furniture market is anticipated to have the highest market share during the forecast period. The rise in economy has increased the spending capacity of the consumers, which in turn drives the sale of branded furniture items in the furniture market. The surge in phase of infrastructure and real estate market boosts the demand for residential furniture products in the U.S. across the region.
The furniture market is driven by emerging new species of wood tree for furniture manufacturing and marketing through online sales channel. Furthermore, the furniture market is driven by various factors such as rise in disposable incomes, growth of real estate and hospitality industries, and demand for luxury and premium furniture from certain consumer sections. Furthermore, increased government investments in infrastructure development are projected to improve furniture demand in the residential and commercial sectors in the near future.The integration of internet of things into furniture products is projected to further boost the furniture market growth. Moreover, development of automated manufacturing system is anticipated to have a significant impact on the furniture industry during the forecast period.
Furthermore, demand for versatile and multi-functional products that offer portability and can easily be accommodated in small spaces drives the growth of the furniture market.Furniture demand is predicted to rise as a result of rise in urbanization and the millennial generation's strong purchasing power. The residential segment leads the furniture marketbecause of the rise in infrastructure and real estate market.
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Furthermore, advanced manufacturing technology has reduced manufacturing costs and time.However, manufacturers believe that rise in raw material prices would have a long-term impact on the market and hamper furniture market growth during the forecast period.
The impact of COVID-19 on the North America furniture market was positive due to rise in adoption of office furniture at home. The strict guidelines were issued during the pandemic which was based on ‘Work from Home’ and ‘Stay at Home’. These laws resulted into growth in the sales of furniture in the North America market.
According to North America furniture market analysis, the North America furniture market is segmented on the basis of type, distribution channel, and country. By type, it is classified as RTA, residential, and commercial. The distribution channel comprises supermarkets & hypermarkets, specialty stores, e-commerce, and others. By country, it is analyzed across the U.S., Canada, and Mexico.
According to the North America furniture market forecast, on the basis of type, the residential segment was the highest contributor to the market, accounting for 47% of the market share in 2020, because the furniture is used for residential purpose on large scale. Also, the surge in sales of home office furniture contributes toward the growth of the residential segment.
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The commercial segment is expected to grow comparatively faster than other types witnessing a CAGR of 5.1%. The growth of the segment is driven by large enterprises, corporates, and even emerging small companies that are investing heavily in furnishing and interiors of office spaces to provide employees with comfortable and productive environments. Thus, vendors are designing office furniture that offers better comfort and minimizes stress. In addition, smart furniture is also gaining popularity.
By distribution channel, the specialty stores segment was the prominent segment, owing to high popularity and wide scale penetration of specialty stores in the leading North America furniture market. Wide scale adoption of internet, online shopping platforms, and changes in consumer buying behavior due to COVID-19 is expected boost the growth of the e-commerce segment. Moreover, the e-commerce segment is anticipated to be the fastest-growing distribution channel during the forecast period, owing to growth in popularity and developing infrastructure of e-commerce channels in the North America region.
By country, the North America furniture market is dominated by the U.S., particularly owing to large domestic demand coupled with rise in disposable income and change in lifestyle of consumer across the region. Moreover, the integration of the internet of things into furniture goods and the development of automated manufacturing systems is expected to have a substantial impact on the furniture industry, during the forecast period.
The key players operating in the North America furniture industry are Ralph Lauren Home, Knoll, Inc., Bassett Furniture Industries, Inter Ikea Systems BV, Kimball International, Inc., HNI Corporation, Haworth, Inc., Durham Furniture Inc., Steelcase Inc., and Stickley Furniture.
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Key findings of the study
The North America furniture market size was valued at $ 249,406.5 million in 2020 and is projected to reach $ 400,068.8 million by 2030, registering a CAGR of 4.9% from 2021 to 2030.
Based on type, the residential segment accounted for the highest furniture market share in 2020, growing at a CAGR of 4.4% from 2021 to 2030.
Based on distribution channel, the specialty stores segment accounted for about 42.6% share of the furniture market share in 2020 and is expected to experience growth at the highest CAGR of 4.5%.
Based on country, U.S. accounted for about 64.4% of the furniture market size and is expected to grow at a CAGR of 5.1%.
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Lift Chair market Is Likely to Experience a Tremendous Growth in Near Future
The Latest Released market study on Global Lift Chair market provides information and useful stats on market structure, size and trends. The report is intended to provide cutting-edge market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Besides, the report also identifies and analyses changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in Lift Chair market.
What’s keeping Pride Mobility (United States)
Golden Technologies (United States)
La-Z-Boy (United States)
Franklin Corporation (United States)
Med-Lift (United States)
Seminar Components (United States)
Jackson Furniture (United States)
Best Chairs (United States)
Palliser (United States)
Ashley Furniture (United States)
Keep Growing in the Market? Benchmark yourself with the strategic moves and latest Market Share and Sizing of Global Lift Chair market recently published by AMA
Lift chair is a type of medical equipment. It looks like a standard reclining chair. It features a powerlifting mechanism that drives the complete chair up from its base and so assists the user in a standing position. Lift Chairs are perfect solutions for anybody who has trouble transitioning from a seated position to standing due to limited mobility or balance issues. However, the benefits spread far beyond assistance simply sitting down as well as standing up. With optional heat and massage features, Lift Chairs offer therapeutic benefits to those with stiff and sore joints, arthritis, back pain, and a variety of other conditions. They deliver excellent, affordable replacements to luxurious bathtub modifications for patients who require heat as well as massage therapy.
The Lift Chair Market segments and Market Data Break Down by Type (Elderly, Obese, Handicapped), Application (Home, Commercial), Distribution Channel (Online, Offline), End User (Household, Commercial, Healthcare)
On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
What’s Trending in Market : Upsurging Demand for Monitoring as well as Therapist Equipment
Adoption of Lift Chair in House
Market Opportunities: Expansion of Supply System in Developing Nations
Highlights of Influencing Drivers: Increasing Government Support for Subsidy of Monitoring therapist Equiplemts
Rising Number of Diseases
Presented By
AMA Research & Media LLP
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Furniture Market 2022 | Trends, Growth, Demand, Opportunities and Forecast to 2030
The Furniture Market size was valued at USD 637.26 billion in 2021 and is predicted to reach USD 945.53 billion by 2030 with a CAGR of 4.5% from 2022-2030.
Furniture is used in laboratories, spas, offices, clean rooms, restaurants, camping, bedroom, outdoor, library, parks, and stores. Most furniture is manufactured using a variety of materials and is available in different designs. Furniture are movable items such as chairs, beds, cupboards, tables, shelves, or in form of decorative art used at various places. Furniture offers different solutions such as sleeping, dining, seating, and storage function. In commercial spaces, furniture plays an important role in seating arrangements and document storage. Depending on end use, furniture designs can be modified through machine-based processes and handcrafting. Rise in number of small-size houses has encouraged multi-functional furniture, which has facilitated for extra storage. It was observed that there is increasing utilization of extra home spaces for an office which has led to a demand for office furniture. The furniture market is highly fragmented, owing to multiple vendors in both international and regional players. Booming real estate industry in the current scenario propels the global furniture market. In addition, increase in disposable income has influenced individuals to spend more on comfortable lifestyle, which, in turn, is expected to provide growth opportunities for the global furniture market. Low-cost furniture producers such as China and Vietnam are also anticipated to drive growth of the furniture market. However, scarcity of skilled labor, better transportation facilities, and infrastructure facilities acts as a hindrance for the global furniture market.
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The market is driven by various factors such as rise in disposable incomes, growth of real estate and hospitality industries, and demand for luxury and premium furniture from certain consumer sections. In addition, emerging new species of wood tree for furniture manufacturing and marketing through internet are some of the factors that are expected to contribute toward growth of the market across the globe. In addition, increase in government investments in infrastructural development boosts the furniture market demand in the residential and commercial sector in the future. Integration of internet of things into furniture products is projected to further escalate the market growth. Development in manufacturing technology has substantially reduced the cost of furniture, which fuels use of furniture products. Rise in the global economy has increased the spending capacity of the consumers, which, in turn, has impelled the sale of branded furniture items in the market. Moreover, development of automated manufacturing system is anticipated to have a significant impact on the furniture industry during the forecast period.
North America was the largest market for furniture in 2020, owing to increase in spending capacity of consumers and real estate sector. Online retailing and increase in demand for multifunctional furniture presents significant opportunities for growth of the North America furniture market.
Some of the major key players in the furniture market are: Ashley Furniture Industries, Inc., Bassett Furniture Industries Inc., Berco Designs, CYMAX GROUP TECHNOLOGIES LTD., INTER IKEA GROUP, Kimball International Inc., Godrej & Boyce Manufacturing Co., Ltd., Hooker Furniture, Kohler Company, HNI Corp., Steelcase Inc., KOKUYO, Home Depot, Inc., Herman Miller Inc., Bene GmbH, Dunn’s Furniture, Knoll Inc., Durham Furniture, Krost Office Products, Haworth Inc., Masterbrand Cabinets, Meridian Office Group and La-Z-Boy Incorporated among others.
Key Benefits for Stakeholders:
This report provides a quantitative analysis of the current furniture market trends, estimations, and dynamics of the global furniture market size from 2021 to 2030 to identify the prevailing furniture market opportunity.
The key countries in all the major regions are mapped on the basis of their furniture market share.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
A comprehensive analysis of factors that drive and restrict the furniture market growth is provided.
An in-depth analysis of the global market helps determine the prevailing market opportunities.
The report includes details of the analysis of the regional and global markets, key players, market segments, application areas, and growth strategies.
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About Next Move Strategy Consulting
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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A product of sustainable chemistry, green & bio polyols is finding increased acceptance among global consumers as a befitting substitute of conventional crude-based polyols. Green & bio polyols enjoy advantages such as abundant availability of raw materials, increasing prices of conventional polyols owing to increasing crude oil prices and higher sustainability as they use natural oils and polyurethane foam waste as feedstock. The global green and bio polyols market size is estimated at USD 4.4 billion in 2021 and is projected to reach USD 6.9 billion by 2027, at a CAGR of 9.5%, between 2022 and 2027.
Based on the end-use industry, the green and bio polyols market is divided into furniture & bedding, construction, automotive, packaging, carpet backing, others. The furniture & bedding end-use industry segment is the largest end-user of green and bio polyols. Increased construction activities in the housing sector, especially in emerging economies, have fueled the demand for furniture & bedding products. Growing income levels in the emerging markets have led to added expenditure on luxury commodities. The furniture & bedding industry is a rapidly growing market for green and bio polyols, which are being increasingly used to manufacture cushions for sofas, recliners, and upholstered chairs for both household and commercial purposes.
The North American region is projected to be the largest market, in terms of value. North America is expected to grow at the fastest rate during the forecast period. North America is a leader in the polyurethane market in terms of demand and product innovation in improving performance and quality. New developments in applications, such as aerospace, automotive, and wind energy, also make North America a dominating market. The automotive, furniture, consumer durables, and food & beverage industries are the major consumers of these polyols in the region. BASF SE (Germany), The Dow Chemical Company (US), Cargill, Incorporated (US), Covestro AG (Germany), and Emery Oleochemicals (US) are key players in green and bio polyols market.
#Green Polyols Market#Green and Bio Polyols Market#COVID 19 impact on Green Polyols Market#market size of green and bio polyols#global green and bio polyols market Forecast#Green Polyols Industry#Polyurethane Flexible Foam#Polyurethane Rigid Foam#Demand of Green and Bio Polyols#Sales of Green and Bio Polyols Market
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Mattress Market is projected to expand at a steady CAGR over the forecast by 2031 | Simmons, Serta
Global Mattress Market report from Global Insight Services is the single authoritative source of intelligence on Mattress Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A mattress is an item of furniture that is used to sleep on. It is usually placed on top of a bed frame and may be used with a box spring or a foundation. A mattress is typically composed of an inner spring core, padding, and a fabric cover.
The inner spring core is the most important element of the mattress. It is composed of steel coils that are arranged in a grid pattern.
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Key Trends
The mattress industry is constantly evolving to meet the needs of consumers. Some of the key trends in the mattress market include:
Increased focus on health and wellness: Consumers are becoming more interested in products that promote health and wellness. This has led to an increase in the popularity of mattresses that offer features such as cooling and contouring to provide a better night’s sleep.
The rise of online mattress brands: The traditional mattress retail model is being disrupted by the rise of online mattress brands. These companies are able to offer lower prices and a wider selection of products.
The growth of the luxury mattress market: As consumers become more interested in health and wellness, they are also willing to spend more on luxury mattresses.
Key Drivers
A few key drivers of the mattress market are population growth, aging population, health and wellness, and technological advancements.
Population growth is one of the key drivers of the mattress market. As the population grows, so does the demand for mattresses. The aging population is another key driver of the mattress market. As people age, they often have more health problems and need a comfortable mattress to sleep on.
Health and wellness is another key driver of the mattress market. People are becoming more health conscious and want a mattress that will help them sleep better and improve their overall health.
Market Segments
By Product
Innerspring
Latex
Memory Foam
By Application
Domestic
Commercial
By Region
North America
Europe
Key Players
Simmons
Serta
Tempur-Pedic
Sealy
Sleepy’s
IKEA
Hampton & Rhodes
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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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Global Insight Services LLC
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E-mail: [email protected]
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