According to a report, Bicycle Market Size, Share & Trends Analysis Report By Product (Mountain, Hybrid, Road), By Technology (Electric, Conventional), By End User (Men, Women, Kids), By Region, And Segment Forecasts, 2018 2025, published by Grand View Research, Inc. The global bicycle market size is expected to reach USD 75.47 billion by 2025, registering a CAGR of 6.1%, as per a new report by Grand View Research Inc. Bicycles are preferred for short distance commutes and can save fuel costs unlike vehicles. Moreover, growing traffic congestions and limited parking spaces are prompting people to reconsider bicycles as a primary commute option.
Rising emphasis on the use of environment friendly modes of commute for short distances by the governments across the world is projected to positively influence market growth. The fact that bicycles do not emit any pollutants is anticipated to drive their demand in near future.
According to a report, Diamond Market Size, Share & Trends Analysis Report By Product (Natural, Synthetic), By Application (Jewelry & Ornaments, Industrial), By Region, And Segment Forecasts, 2019 - 2030 published by Grand View Research, Inc., the global diamond market size is anticipated to reach USD 123.83 billion by 2030, expanding at a CAGR of 3.0% over the forecast period. The market is mainly driven by strong jewelry demand from emerging economies.
Natural diamonds dominated the market in 2018 as they are one of the hardest materials available on earth and are mainly utilized for jewelry applications. Industrial applications of natural diamonds account for a comparatively smaller share as compared to their synthetic counterparts, while their share in jewelry application is expected to gain prominence over the coming years.
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SAN FRANCISCO, Feb. 11, 2021 /PRNewswire/ The global defibrillator market size is expected
to reach USD 22.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected
to expand at a CAGR of 7.4% from 2021 to 2028. Factors contributing to the growth of this market include supportive legislative reforms, rising incidences of sudden cardiac arrests in the region, presence of integrated technology, and rising awareness for cardiac conditions. Moreover, the COVID 19 pandemic further accentuated the need for defibrillators as many elderly patients suffering from COVID-19, suffered from sudden cardiac arrests, and the device was useful for the resuscitation of such patients.
Tobacco Market Size Worth $1,073.79 Billion By 2028 | CAGR: 1.8%: Grand View Research, Inc.
tobacco market
size is expected
to reach USD 1,073.79 billion by 2028, according to a new report by Grand View Research, Inc. It is expected
to expand at a CAGR of 1.8% from 2021 to 2028. The shifting preference among youngsters and the working-class population toward tobacco products, including cigars and next-generation products, is crucial for the market growth. Moreover, growing student spending on tobacco products across the globe is expected to offer new avenues for the growth of the market over the forecast period.
Key suggestions from the report:
By product, the cigarettes segment held the largest share of more than 75.0% in 2020. Easy access to cigarettes at economical prices among the consumers through retail shops is expected to drive this product segment in the near future
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to reach USD 10.4 billion by 2028, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 6.9% from 2021 to 2028. The increasing prevalence of chronic diseases in animals and growing concerns among pet owners are the key contributors to the market growth.
Key suggestions from the report:
The contract outsourcing service type accounted for the largest revenue share of over 58% in 2020 owing to associated benefits with its usage
The growing number of outsourcing activities by pharmaceutical companies is expected to boost the segment growth
Chemical-based API synthesis type dominated the market in 2020. This can be attributed to its high usage by many major manufacturing companies