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Technology | GVR | 169 followers on LinkedIn | Global Technology Market Analysis | Industry Research Reports | Grand View Research publishes technology reports, covering key aspects of the hardware as well as software industry.

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Fitness equipment market is anticipated to reach USD 13.24 billion by 2022 | Grand View Research , Inc.

The global fitness equipment market is anticipated to reach USD 13.24 billion by 2022. Key factors that are expected to fuel growth include urbanization leading to changing lifestyles, growing awareness of health & wellness and drastic increase of obese population.

Emerging economies have been observing growing trend for healthcare programs across all segments. In addition, governments in these countries are persistently attempting to conceptualize and establish effective healthcare plans. The introduction of new fitness regimes and healthcare programs across various corporates to encourage employees is expected to trigger growth. Fitness equipment market is projected to grow at a CAGR of 3.6% from 2015 to 2022.

On the basis of equipment type, the industry is segmented into strength training, cardiovascular and devices such as trackers & monitors. Commonly used equipment across all age groups to maintain fitness and manage weight include stationary bicycles, treadmills, weightlifting machines and stair climbers.

Demand for cardiovascular training devices is comparatively greater than strength training devices on account of dual benefit of well-being and disease prevention. Cardiovascular training devices are estimated to strengthen their hold on the industry in the next seven years and grow at a CAGR exceeding 3.0% from 2015 to 2022 owing to its increased adoption. Cardiovascular training devices such as treadmills, stair machines, and rowing machines stair machines. They are extensively used to keep Body Mass Index (BMI) within limits and maintain body fitness. 

Browse full report by Grand View Research : http://www.grandviewresearch.com/industry-analysis/fitness-equipment-market

Health clubs and gyms accounted for nearly 45.0% of total market share and dominated the market in 2014 as they form an essential prerequisite for health clubs. However, home users buy different equipment for their use. Purchase of these devices by commercial firms such as hospitals, hotels, and corporate offices to enhance customer experience is also expected to drive growth in the market.

Asia Pacific is a lucrative market with a high requirement for advanced and sophisticated fitness equipment. It is projected to grow at a CAGR of over 7.0% from 2015 to 2022. Outsizing youth population coupled with increasing disposable incomes in emerging economies is anticipated to propel growth.

North America is expected to be a major market for this industry owing to rising overweight population. North America acquired nearly 45.0% of the total industry share in 2014 and is expected to continue the trend over the forecast period at a CAGR of over 2.0%.

Firms in this business are very competitive and strategize by introducing updated version of existing products or launching newer and improved equipment. Key strategies being adopted by the companies include product innovations and exclusivity owing to technological enhancements. Market players engage in forming alliances to gain market share and dominate the industry. It includes Cybex International Inc., Brunswick, Johnson Health Tech., Paramount, Precor and Nautilus Inc.

Browse full report by Grand View Research : http://www.grandviewresearch.com/industry/electronic-devices

Grand View Research has segmented the global fitness equipment market on the basis of device, end-use, and region:

Fitness Equipment Device Outlook (Revenue, USD Million, 2012 - 2022)

·         Cardiovascular training

·         Strength training

·         Others

Fitness Equipment End-Use Outlook (Revenue, USD Million, 2012 - 2022)

·         Home

·         Health clubs

·         Others

Fitness Equipment Regional Outlook (Revenue, USD Million, 2012 - 2022)

·         North America

·         Europe

·         Asia Pacific

·         RoW

Access press release by Grand View Research : http://www.grandviewresearch.com/press-release/global-fitness-equipment-market        

 About Grand View Research                                                                             Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.                                                                                                                                                                                                    For more information: http://www.grandviewresearch.com

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Metal Matrix Composite (MMC) Market Analysis, Trends, Share, Growth, Size And Forecasts To 2022

The global metal matrix composite market is expected to reach USD 433.3 million by 2022, according to a new report by Grand View Research, Inc. Increasing need for high-performance composite metals from automotive, aerospace, and marine industries is expected to fuel the product demand over the forecast period. High malleability, ductility, and tensile strength offered by metal composites make them popular in various application segments including automotive, electronics, and aerospace industries.

Increasing need for automotive curb weight reduction to increase fuel-efficiency and reduce pollution is expected to augment composite metal usage in automotive production. Increasing disposable income is expected to fuel high-performance automobile demand over next seven years. High manufacturing costs for metal composites along with limited technological expertise are expected to pose a challenge for market growth over the forecast period.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/metal-matrix-composites-mmc-market

North America dominated the overall MMC market and accounted for 34.8% of the total market volume in 2013. Rising demand for high-performance materials from automotive and aerospace industries is expected to remain a key driving factor affecting the MMC market over the forecast period. Asia Pacific is expected to be the fastest growing market on account of rapidly growing automotive and electronics industries. Europe is expected to witness slow growth on account of lower growth rates of end-use industries.

Further key findings from the study suggest:

Global metal matrix composites market was 6,174.0 kilo tons in 2014 and is expected to grow at a CAGR of 6.3% from 2015 to 2022

Aluminum accounted for 36.4% of the total MMC demand in 2014 and was followed by refractory metals

Refractory matrix metals are expected to be the fastest growing product segment over the forecast period

Ground transport was the leading application segment in 2014 and is expected to grow at an estimated CAGR of 6.1% from 2015 to 2022

Electronics/thermal management is expected to be the fastest growing application segment for MMC.

North America dominated the overall MMC market and accounted for 34.8% of total market volume in 2013. Asia Pacific is expected to be the fastest growing market growing at an estimated CAGR of 7.0% from 2015 to 2022.

MMC market is moderately concentrated with few multinational players with top five companies accounting for over 65% of the total market share

Major players operating in the global MMC market include Materion Corporation, Plansee SE, 3M, Sumitomo Electric Industries, Ltd., Sandvik AB, CPS Technologies Corporation, Deutsche Edelstahlwerke GmbH, 3A Composites International AG, GKN PLC, and Hitachi Metals, Ltd.

Grand View Research has segmented the metal matrix composite market on the basis of product, end-use and region:

For More Details At: http://www.grandviewresearch.com/industry-analysis/metal-matrix-composites-mmc-market/request

Global Metal Matrix Composite Market Product Outlook (Volume, Tons, Revenue, USD Million, 2012 - 2022)

Aluminum

Nickel

Refractory

Others

Global Metal Matrix Composite Market End-Use Outlook (Volume, Tons, Revenue, USD Million, 2012 - 2022)

Ground Transportation

Electronics/Thermal Management

Aerospace

Others

Global Metal Matrix Composite Market Regional Outlook (Volume, Tons, Revenue, USD Million, 2012 - 2022)

North America

Europe

Asia Pacific

Central & South America

Middle East & Africa

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Biotechnology Market Trends, Size, Share, Research And Forecasts To 2020

Global biotechnology market size is expected to reach USD 604.40 billion by 2020, according to a new report by Grand View Research, Inc. Increasing demand for biotechnology based diagnostics and therapeutics solutions such as recombinant technology, red biotechnology and DNA sequencing is expected to serve as a high impact rendering driver during the forecast period.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/biotechnology-market

The presence of government funded institutions such as the NBTB (National Biotechnology Board) and DBT (Department of Biotechnology) are carrying out R&D and product development exercises pertaining to this field. Funding and scientific updates rendered by these institutions are likely to boost market growth over the forecast period.

Application of biotechnological processes such as genetic engineering and genetic modification (GM) in agricultural and food products to meet the demand of the booming population is expected to encourage R&D. Biotechnology plays an integral role in catering to the ever increasing agricultural demands.

Tissue engineering and regeneration held approximately 33.0% of the overall market owing to, the wide applications of tissue engineering in cell organs which have lost their functionality. Moreover, increasing incidence rates of Parkinson’s and Alzheimer’s is another vital driver of this industry as tissue regeneration technology helps repair damaged cells.

DNA sequencing is expected to be fastest growing segment over the forecast period as a consequence of their wide applications in different verticals such as agriculture, biology, medical and geology. Declining costs will further improve accessibility over the forecast period.

The application of biotechnology in the field of biopharmaceuticals generated the largest revenue in 2014. The market for biopharmaceuticals was valued at over USD 180.0 billion in the year. Biopharmaceuticals are further sub segmented into advanced drugs, orphan drugs, monoclonal antibodies and recombinant proteins.

Bioservices market is expected to witness the fastest growth over forecast period owing to, the rising clinical research activities undertaken by various pharmaceutical and biotechnological organizations. In addition, the rising demand for cost cutting, implementation of stringent government regulations and increasing complexity of biotechnological processes are some key drivers of this segment.

North America accounted for the largest share of the overall industry in 2013 with revenue over USD 113 billion, as a result of increasing R&D initiatives undertaken in the fields of biopharmacy and agriculture. The use of biotechnology tools for energy generation will also boost penetration rates during the forecast period.

Get Full Details At: http://www.grandviewresearch.com/industry-analysis/biotechnology-market/request

Asia Pacific is expected to gain lucrative revenue share over the forecast period and is expected to register an annual growth of 14.0%. Rising awareness levels and government initiatives to improve healthcare infrastructure are likely to drive regional market growth.

Biotechnology players are classified based on the nature of their clientele. Key biotechnology players include Invitrogen, Cubist Pharmaceutical, Regeneron, Novo Nordisk, Amgen, Teva Pharmaceutical Industries, Roche Diagnostics, and Alkermes

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Solar Pumps Market Size, Analysis, Trends, Growth and Forecast 2022

The Global Solar Pumps Market is expected to reach USD 3,639.0 million by 2022, according to a new study by Grand View Research, Inc.  Strong shift in trend towards replacing diesel and electric pumps in order to reduce reliance on conventional energy is expected to drive the global solar pumps market. Increasing government support in the form of subsidies and tax benefits particularly in emerging markets of Asia Pacific and Africa is also expected to have a positive influence on the market growth over the forecast period. However, higher upfront investment cost compared to its conventional counterparts is expected to remain a barrier for market participants.

DC surface suction pump was the largest product segment and accounted for 83.4% of the total market volume in 2014. Increasing micro-irrigation activities coupled with continuous & clean drinking water supply in remote places with irregular electric supply is expected to drive this segment over the forecast period. AC submersible pump is expected to witness the highest growth of 40.7% from 2015 to 2022. Increasing adoption of AC submersible pumps particularly in high growth markets such as India and Bangladesh is expected to drive this segment over the next seven years.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/solar-pumps-market

Further key findings from the study suggest:

Global solar pumps market was 120,786 units in 2014 and is expected to reach 1,571,028 units by 2022, growing at a CAGR of 38.1% from 2015 to 2022.

Agriculture was the largest application segment and accounted for 62.9% of total market volume in 2014. Agriculture is also expected to witness the fastest growth of 38.5% from 2015 to 2022. Increasing agricultural activities in emerging markets such as India, China, Bangladesh, Morocco and South Africa is expected to drive this segment over the forecast period.  

Asia Pacific emerged as the largest regional market and accounted for 33.0% of total market volume in 2014. Asia Pacific is also expected to be the fastest growing regional market for solar pumps. The region is expected to grow at a CAGR of 43.4% from 2015 to 2022. Government support to the farmers in the form of subsidies particularly in China, India and Bangladesh is expected to drive the regional market over the forecast period. Middle East & African solar pumps market is expected to exceed USD 600 million by 2022.  

Global solar pumps market is characterized by a mix of both large MNCs and small regional companies. Some major companies operating in the global market include Lorentz, TATA Power Solar Systems Ltd, SunEdison, CRI Group, Bright Solar, USL and Shakti Solar Pumping System.

For the purpose of this study, Grand View Research has segmented the solar pumps market on the basis of product, application and region:

Request For Free Sample Copy: http://www.grandviewresearch.com/industry-analysis/solar-pumps-market/request

Global Solar Pumps Product Outlook (Volume, Units; Revenue, USD Million, 2012 - 2022)

DC Suction

AC Submersible

DC Submersible

AC Floating

Global Solar Pumps Application Outlook (Volume, Units; Revenue, USD Million, 2012 - 2022)

Agriculture

Drinking Water

Global Solar Pumps Regional Outlook (Volume, Units; Revenue, USD Million, 2012 - 2022)

North America

U.S.

Europe

Asia Pacific

China

India

Central & South America

Middle East & Africa