Category: Business
According to Fortune Business Insights , the global luxury clothes market is experiencing robust growth, driven by increasing consumer demand for premium-quality apparel that offers both comfort and social prestige. Luxury clothing has become synonymous with status, with high-income individuals fueling market growth across all demographics and geographies. The market is expected to expand steadily due to innovation, customization, and the growing appeal of designer fashion globally.
Key Market Insights
Luxury clothes offer unmatched comfort, superior durability, and timeless style—characteristics that reinforce brand loyalty and drive long-term value. High costs and exceptional quality make these products desirable status symbols. Brands like Gucci, Louis Vuitton, Dior, and Prada are leveraging cutting-edge design, fabric innovation, and strategic endorsements to expand their consumer base and maintain brand exclusivity.
Mobile boutiques and online platforms are reshaping the retail landscape, creating new revenue streams and providing personalized experiences. Furthermore, fashion-conscious millennials and Gen Z consumers are influencing modern trends, pushing the boundaries of luxury fashion consumption.
Key Players Profiled
- LVMH
- Prada Spa
- Burberry
- Dolce & Gabbana
- Gucci
- Versace
- Saint Laurent
- Givenchy
- Hermès
- Fendi
- Dior
- DKNY
- Stella McCartney
- Salvatore Ferragamo
- Georgia Armani
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Market Drivers
- Rising Disposable Income : Global wealth growth, especially in emerging economies, is pushing demand for high-end fashion.
- Growing Influence of Fashion Trends : Seasonal fashion cycles and celebrity culture encourage frequent wardrobe upgrades.
- Expansion of Online Luxury Retail : E-commerce platforms and digital showrooms are making luxury fashion accessible to a broader audience.
- Premium Materials & Customization : Consumer preference for high-quality fabrics like silk, leather, and denim fuels product differentiation.
Market Restraints
- Counterfeit Products : The proliferation of fake luxury items undermines brand trust and limits premium segment growth.
- High Price Sensitivity in Emerging Markets : Cost remains a barrier for middle-income consumers in certain regions.
- Lack of Brand Awareness in Tier-2 & Tier-3 Cities : Many potential customers are unaware of authentic designer options.
Regional Analysis
Asia Pacific
- Market Leader due to a booming online retail sector in China and India .
- Government support for textile industry growth in India is boosting domestic fashion manufacturing.
Europe
- Home to iconic luxury houses like Burberry, Armani, Prada, and Gucci .
- Wealth concentration and fashion-forward culture maintain Europe’s dominant market share.
North America
- Rising celebration culture (weddings, events, galas) increases demand for luxury attire.
- The U.S. continues to invest heavily in fashion, with rising apparel expenditure reported by the S. Bureau of Labor Statistics .
Luxury Clothes Market Segmentation
By Product Type
- Top Wears (dominant): shirts, coats, t-shirts, jackets
- Bottom Wears
- Inner Wears
- Full Wears
By Category
- Casual Wear (leading): Growing popularity in workplace and formal events
- Formal Wear
- Others (Costumes, Partywear)
By Material
- Fabric (major share): Silk and premium blends preferred for comfort and luxury
- Leather
- Nylon
- Others (Polyester, Denim, Fur)
By End-User
- Men (dominant) : Spend significantly more than women on luxury fashion
- Women
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Recent Industry Developments
- Vince acquired Rebecca Taylor and Parker to diversify its portfolio (Nov 2019).
- In January 2020 , Virgil Abloh launched the “Cloud Nine” LV men’s collection aligning with futuristic trends and luxury detailing.
The global luxury clothes market is set for significant growth, propelled by rising consumer affluence, evolving fashion consciousness, and digital retail innovation. However, combating counterfeits and educating emerging markets about authenticity will be essential to sustain long-term profitability.
Athletic Footwear Market Report 2025: Key Growth Drivers & Future Outlook to 2032
By Market News, 2025-07-01
According to Fortune Business Insights, the athletic footwear market size was valued at USD 132.45 billion in 2023 and is expected to be worth USD 138.72 billion in 2024. The market is projected to reach USD 210.94 billion by 2032, recording a CAGR of 5.38% during the forecast period.
Athletic footwear refers to shoes that are specially made for use during sporting events. These shoes offer a wide range of features that play a key role in enhancing an athlete’s performance during an event. This industry deals with products, such as running shoes, lifestyle shoes, and training shoes. The growing participation in sports activities due to rising health consciousness among people is one of the key factors driving the product’s demand.
Competitive Landscape:
Leading Companies to Launch New Products to Cater to Wider Customer Base
Some of the top companies operating in the athletic footwear market are focusing on launching sports shoes that feature novel technologies and features to cater to various safety and fitness requirements of their customers. Several manufacturers are introducing sensors into their products to give customers real-time data about their performance during workouts or sporting events.
LIST OF KEY COMPANIES PROFILED IN THE REPORT
- Nike, Inc. (U.S.)
- Adidas AG (Germany)
- Mizuno Corporation (Japan)
- PUMA SE (Germany)
- Under Armour, Inc. (U.S.)
- Deckers Outdoor Corporation (U.S.)
- FILA Holdings Corporation (South Korea)
- On Holding AG (Switzerland)
- New Balance Athletics, Inc. (U.S.)
- Lululemon Athletica Inc. (Canada)
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Segmentation:
Running Shoes Gained Significant Popularity with Rising Number of Marathons
Based on product type, the market is divided into training shoes [CrossFit/ cross training], running shoes [performance], lifestyle shoes [skateboarding], outdoor shoes [trail], and others. The running shoes segment held the biggest market share in 2023 as increased participation in marathons has boosted the number of marathons, which has fueled the demand for running shoes.
Men Increased Product Use Due to Growing Participation in Sports
Based on end user, the market is segmented into men, women, and children. The men segment captured the largest athletic footwear market share in 2023 due to the rising participation of the male population in a wide range of sports activities.
Hypermarkets/Supermarkets Witnessed Notable Rise in Customer Footfall Due to Wide Product Availability
Based on distribution channel, the market is divided into hypermarket/supermarket, specialty stores/sporting goods stores, departmental stores, online stores/e-commerce, and others. The hypermarket/supermarket segment dominated the market in 2023 as these stores have a wide range of athletic footwear from different brands, giving customers more options to choose from.
With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage:
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading product types, end users, distribution channels, and prominent market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.
Drivers and Restraints:
Increasing Participation in Sports to Foster Market Growth
People across the world have become more conscious about their overall health and wellbeing, especially after the COVID-19 pandemic. This has prompted them to participate in a wide range of sports and outdoor activities, such as running, cycling, and trekking to take better care of their health and fitness. This factor has boosted the demand for different types of athletic footwear as it plays a vital role in improving an individual’s performance while participating in different sports.
However, environmental challenges caused by the generation of shoe waste can hinder the athletic footwear market growth.
Regional Insights:
North America Dominated Global Market Due to Rising Focus On Health & Fitness
North America held a dominant position in the global market as citizens across the region are becoming more conscious about their health and fitness. They are participating in more sporting events and other outdoor activities to keep themselves fit. Moreover, countries, such as the U.S. has a vast presence of prominent athletic footwear manufacturers, which will further cement the region’s dominance in the market.
Asia Pacific is also predicted to record major growth in the coming years owing to the rapid economic growth experienced by countries, such as India and China. This has led to a rise in the population’s disposable income, which will give them the freedom to splurge on high-end sports shoes.
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Notable Industry Development:
- September 2024: Adidas Group, a Germany-based footwear and apparel company, announced the launch of its two flagship stores in Los Angeles, U.S.
- August 2024: Puma, a Germany-based sports apparel & footwear company, launched its new running shoes, Fast RB NITRO Elite. According to the company, the new shoe features 58mm of NITROFOAM Elite.
- July 2024: American Exchange Group acquired global footwear brands, Island Surf Company and White Mountain Footwear to expand its presence in the high-performance athletic footwear category.
Teeth Whitening Market Report 2025: Key Growth Drivers & Future Outlook to 2032
By Market News, 2025-07-01
According to Fortune Business Insights, the global teeth whitening market size was valued at USD 8.14 billion in 2023. The market is expected to expand from USD 8.52 billion in 2024 to USD 12.77 billion by 2032, exhibiting a CAGR of 5.18% over the study period.
Tooth whitening is the cosmetic dental process emphasizing the alleviation of teeth color to improve their appearance. The increasing demand for cosmetic procedures for the maintenance of oral hygiene and health with the aging population is boosting the demand for teeth whitening products.
Competitive Landscape:
Top Players Focus on New Product Releases to Boost Their Position
Deploying social media channels and digital channels enabled dental care brands to reach a wider audience in a cost-effective and efficient way, enhancing long-term market sustainability. Different strategic moves, such as joint ventures, partnerships, and others, are being emphasized by leading players to outshine the competition. Moreover, many companies are focusing on launching new teeth whitening products to strengthen their position.
List of Key Players Mentioned in the Report:
- Colgate-Palmolive Company (U.S.)
- Glaxo Smithkline (U.K)
- The Procter & Gamble Company (U.S.)
- Johnson & Johnson Consumer Inc. (U.S.)
- Philips Oral Healthcare, Inc. (U.S.)
- Henry Schein, Inc. (U.S.)
- Unilever (U.K.)
- KöR Whitening (U.S.)
- Opalescence (U.S.)
- Beyond Dental & Health (U.S.)
- Supersmile (U.S.)
- WhiteWash Laboratories (U.K.)
- Dentsply Sirona (U.S.)
- Beaming White (U.S.)
- Dabur (India)
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Segmentation:
Whitening Toothpaste Segment to Lead Driven by Greater Affordability
In terms of product, the market is categorized into whitening gels & strips, light teeth whitening devices, and whitening toothpaste. The whitening toothpaste segment is anticipated to occupy the largest teeth whitening market share during the study period on account of the greater affordability of these products as compared to professional whitening treatments or other over-the-counter whitening products.
Convenient Location of Supermarkets/Hypermarkets to Augment Segment Expansion
With respect to distribution channel, the market is categorized into online, pharmacy stores, supermarkets/hypermarkets, and others. The supermarkets/hypermarkets segment is poised to dominate during the forecast period, which can be credited to the convenient location and wide accessibility of these stores. This offers ready availability of products to a large number of consumers.
On the regional front, the market is divided into Asia Pacific, the Middle East & Africa, North America, South America, and Europe.
Report Coverage:
The research report encompasses the driving and restraining factors affecting the market growth. In addition, it provides a comprehensive coverage of the strategic measures undertaken by top companies to outshine the competition. Some other elements of the report include the COVID-19 pandemic impact, top trends, key segments, and notable industry developments.
Drivers and Restraints:
Increasing Popularity of Cosmetic Dentistry Services to Expedite Market Expansion
The increasing popularity of cosmetic dentistry is boosting the public awareness of different visual dental treatments, such as tooth whitening. This awareness often results in a switch to higher demand for these procedures, which increases the demand for teeth whitening products. For example, the American Dental Association reported nearly 214,700 dental hygienists and 363,880 dental assistants who have been working in the U.S. in 2022.
However, sensitivity problems can result in less or discontinuation in the usage of whitening products among consumers, which may hamper the teeth whitening market growth.
Regional Insights:
Asia Pacific Dominated Propelled by Favorable Government Policies
Asia Pacific teeth whitening products accounted for the highest share in 2023, driven by favorable regulations and policies by the government in some Asian nations. This encourages the expansion of the dental care industry, which includes the tooth-whitening industry. For example, the National Oral Health Programme has been unveiled by the Government of India to offer comprehensive, integrated oral healthcare within the nation’s current healthcare infrastructure.
Europe market growth can be attributed to high disposable incomes in different nations. This allows consumers to make investments in cosmetic dental treatments, such as tooth whitening. The well-established healthcare infrastructure with many dental practices and clinics provides a diverse array of dental services, further contributing to market growth.
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Key Industry Development:
- January 2024 – Whites Beaconsfield, a U.K.-based provider of oral care products, launched its innovative whitening toothpaste to cater to the demand of customers with veneers.
- April 2024 – Spotlight Oral Care, a U.K.-based oral care company, introduced ‘Ultra Tooth Whitening Strips,’ made with active ingredients and clinically proven to whiten teeth without any type of sensitivity.
- February 2023 – Colgate-Palmolive Company, a global oral health brand, launched two new tooth whitening products, ‘the Colgate Optic White-ComfortFit LED Tooth Whitening Kit and Colgate Optic White-Express Tooth Whitening Pen,’ designed to improve their customer's experience in the long run.
According to Fortune Business Insights , the global home decor market was valued at USD 747.75 billion in 2024 and is projected to rise to USD 802.26 billion in 2025, reaching USD 1,097.51 billion by 2032. This growth reflects a compound annual growth rate (CAGR) of 4.58% during the 2025–2032 forecast period. Asia Pacific led the market in 2024, accounting for a dominant 45.74% share.
Meanwhile, the U.S. home decor market is poised for substantial growth, with projections estimating it will hit USD 305.51 billion by 2032. Key drivers of this expansion include the rising popularity of interior design trends and the increasing adoption of online retail platforms.
Decorative accents, such as scented candles, throw pillows, and artworks, lead to improvement in the aesthetics of the living spaces. The surging trend of decoration of outdoor living spaces and home gardening is set to bolster the market expansion.
List of Key Players Mentioned in the Report:
- 1888 Mills, LLC. (U.S.)
- Inter IKEA Systems B.V.(Netherlands)
- Williams-Sonoma Inc. (U.S.)
- Ashley Furniture Industries, LLC. (U.S.)
- Idea Nuova (U.S.)
- Ethan Allen Global, Inc. (U.S.)
- American Textile Company (U.S.)
- Ralph Lauren Corporation (U.S.)
- Welspun Flooring (India)
- Kimball International, Inc. (U.S.)
- Herman Miller, Inc. (U.S.)
- Steelcase, Inc. (U.S.)
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Segmentation:
Technological Advancements in the Design of Floor Covering Products to Spur Segment Expansion
On the basis of product, the market is classified into floor covering, furniture & home furnishings, home textile, and others. The floor covering segment occupies the major home décor market share. The developments in technology in the material composition and design of floor covering products impact households to install floorings.
Discount Coupon Offerings Fosters Hypermarkets/Supermarkets Segment Growth
In terms of distribution channel, the market is divided into specialty stores, online channels, hypermarkets & supermarkets, and others. The hypermarkets & supermarkets segment holds the leading position in the market due to the consistent provision of discount coupons associated with décor products by these stores aids product demand.
On the regional front, the market for home décor is segregated into South America, the Middle East & Africa, North America, Europe, and Asia Pacific.
Report Coverage
The research report provides vital insights into the key factors affecting the market growth. In addition, it offers comprehensive coverage of the latest trends, dominating segments, and the impact of the COVID-19 pandemic on the market growth. Other aspects of the report include the strategic measures undertaken by prominent companies to stand out from the competition.
Drivers and Restraints:
Constant Smart Home Offerings to Accelerate Market Growth
The consistent expansion in offerings of smart home with speakers, aesthetic home appliances, and smart decorative lighting boosts product consumption growth rates in several nations across the globe. Furthermore, the home décor market growth is impelled by the surging trend of purchasing connected technology-based décor products equipped with home security, next-generation entertainment, and personalized health management.
However, the steep cost of premium-priced products may hamper the market growth.
Regional Insights:
Asia Pacific Due to Rising Number of Residential Infrastructural Facilities
Asia Pacific holds the largest home décor market share on the back of surging number of commercial and residential infrastructure facilities, which boost the demand for modern living room and kitchen furniture in Southeast Asia and China.
Europe’s market growth is driven by growing demand for sustainable products coupled with efforts of manufacturers toward the production of home décor products made using eco-friendly materials.
Competitive Landscape:
Top Companies Focus on Mergers and Acquisition Strategies to Create Their Product Portfolio
Market players are leveraging different strategic initiatives, such as joint ventures, capacity expansions, and product innovations, to keep ahead of their competition. Prominent companies launch newer stores to boost their retail footprint across the globe. Leading players in the home décor market are also emphasizing mergers & acquisition strategies to build their product portfolio.
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Recent Key Industry Development:
- May 2024: Remax Furnitures, an Indian luxury furniture brand, launched a new store in New Delhi, India, to expand its retail presence in the country.
- March 2024: FabCuro, a stylish furniture boutique, opened a new store to increase its retail presence in Indiranagar, Bengaluru, India.
- February 2024: Havenly, a U.S.-based interior designer group, acquired The Citizenry, a direct-to-consumer home decor brand, to build its product portfolio with ethically crafted rugs, decorative textiles, and accents.
Air Conditioners Market Overview:
According to Fortune Business Insights , the global air conditioners market is projected to generate revenue of USD 72.36 billion in 2025, with an expected compound annual growth rate (CAGR) of 6.53% from 2025 to 2030. China is anticipated to lead the market with revenue reaching USD 16.42 billion in 2025. On a per-household basis, the average revenue is expected to be USD 35.10. The market volume is estimated to reach 157.29 million units by 2030, with a projected volume growth of 5.08% in 2026. Additionally, the average volume per household is forecasted to be 0.06 units in 2025. With global temperatures rising year after year, the demand for air conditioners continues to grow steadily.
Rising air pollution levels and record-high global temperatures—such as those reported by the National Space Science and Technology Centre (NSSTC) in November 2019—are major factors driving the need for air conditioning products to ensure comfortable living. In fact, the global demand for air conditioners reached 110.97 million units in 2018, and this number is expected to rise steadily as more consumers seek to improve their indoor environments.
Key Market Drivers:
- Growing Disposable Income and Urbanization
As economies expand and urban development accelerates, more consumers—especially in developing regions—are opting for air conditioners over other luxury goods. Increasing housing construction for residential, commercial, and industrial use is further boosting demand.
- Technological Advancements
Innovations such as smart air conditioners, automated temperature control, remote diagnostics, and IoT integration are making air conditioning units more user-friendly and energy-efficient. Manufacturers are also embedding features like humidity control and motion sensing to improve performance and comfort.
- Expanding Spare Parts Supply Chain
The growth of the electronics components industry is making it easier for manufacturers to source the necessary parts for assembling air conditioners. This streamlining of production processes is expected to fuel global supply and cater to rising demand.
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Key Market Restraints:
- High Maintenance Costs
The long-term maintenance cost of air conditioning systems can be high, especially for centralized and ducted units. This becomes a deterrent in price-sensitive markets where customers prioritize lower ownership costs.
- Regulatory Limitations
Environmental regulations also pose a challenge. For instance, U.K. legislation has banned the use of R22R refrigerants for servicing air conditioners, requiring manufacturers to redesign their systems around more eco-friendly alternatives. This increases production costs and slows innovation in some regions.
Market Segmentation:
By Type:
- Room AC (Window & Split)
- Ducted AC (Ceiling Concealed, Rooftop Packaged)
- Ductless AC (Cassette, Floor Standing, Ceiling Suspended)
- Centralized AC (VRF, AHU/FCU, Chillers)
Room air conditioners , particularly window units, dominate the market owing to their cost-effectiveness and suitability for single-room cooling. These products are widely preferred in residential settings for their ease of installation and lower power consumption.
By Application:
- Residential
- Commercial Offices & Retail
- Industrial
The residential segment holds the largest market share. According to the International Monetary Fund (IMF), the global housing market was valued at USD 1.1 trillion in 2022, indicating massive potential for air conditioning solutions in newly developed and upgraded homes.
By Technology:
- Manual
- Automatic
Semi-automatic air conditioners are popular in developing countries like India and China due to affordability. In contrast, fully automatic systems dominate in developed regions, as higher-income consumers demand advanced features and convenience.
By Distribution Channel:
- Online Retail
- Retail Shops
- Direct Sales
- Distribution Sales
Retail shops currently lead the distribution landscape due to physical product availability and consumer trust. However, online retail is growing rapidly, supported by the increasing penetration of internet and smartphones. In India, for example, online AC sales accounted for 6–7% of total sales in 2018 and continue to climb.
Regional Analysis:
Asia Pacific:
The Asia Pacific region dominates the global air conditioner market, driven by rapid urbanization, rising temperatures, and the presence of leading manufacturers such as LG, Samsung, Voltas, and Daikin . China and India, in particular, are seeing strong growth due to increasing residential construction and demand for home appliances.
North America:
North America is anticipated to experience substantial growth, fueled by the adoption of energy-efficient and central air conditioning systems. The growing popularity of portable air conditioners adds to market momentum, especially in the U.S. and Mexico, where consumer demand for flexible, mobile solutions is increasing.
Europe, South America, Middle East & Africa:
European growth is influenced by environmental regulations and consumer preference for eco-friendly, energy-saving models. Meanwhile, regions such as South America, the Middle East, and Africa offer untapped potential, particularly in hospitality and retail sectors as tourism and infrastructure projects rise.
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Key Players:
Prominent companies in the global air conditioners market include:
- Daikin
- LG
- Samsung
- Voltas
- Whirlpool
- Haier
- Blue Star
- Hitachi
- Videocon
- O General
These companies are focusing on product innovation, regional expansion, and sustainability-driven manufacturing to meet consumer demand and comply with international regulations.
Recent Developments:
- In April 2016 , Thailand-based Saijo Denki , in partnership with the World Bank and Montreal Protocol Multilateral Fund , launched a new air conditioner model that reduces ozone depletion and greenhouse gas emissions while improving energy efficiency.
- Daikin’s FTKP Series was introduced with 3D airflow functionality , offering multi-directional cooling for enhanced comfort.
Smart Home Appliances Market Analysis and Forecast to 2032: Industry Share & Insights
By Market News, 2025-06-30
Smart Home Appliances Market Overview:
According to Fortune Business Insights , the smart home appliances market was valued at USD 39.22 billion in 2024. It is projected to grow from USD 42.51 billion in 2025 to USD 81.05 billion by 2032, registering a compound annual growth rate (CAGR) of 8.4% during the forecast period (2025–2032). The market growth is primarily driven by advancements in smart home technologies and rising consumer spending on home renovation projects.
Smart home appliances form an essential part of the evolving concept of connected living. With the ongoing shift in consumer lifestyles, there is a growing emphasis on automation, time-saving, and comfort-enhancing solutions. As a result, products embedded with smart features such as app-based operation, machine learning capabilities, and voice recognition are becoming household essentials rather than luxuries.
The smart home trend has accelerated with the rise of Internet of Things (IoT) technologies and affordable wireless communication networks. Consumers are increasingly drawn to the benefits of smart home systems, which range from enhanced convenience and energy savings to improved security and predictive maintenance.
Competitive Landscape:
Major companies in the market are:
- Samsung Group
- Haier Group Corporation
- Whirlpool Corporation
- LG Electronics
- Electrolux
- Panasonic Corporation
- Robert Bosch GmbH
- Fujitsu General Limited
- Voltas Limited
- Dacor
These companies focus on product innovations, strategic partnerships, and expanding their geographic footprint to meet the increasing demand for smart appliances. In December 2019, Google, Apple, Amazon, and the Zigbee Alliance collaborated to develop standardized smart home products, aiming to improve product compatibility and user experience.
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Key Market Drivers:
- Growing Number of Smart Homes
One of the primary drivers fueling market growth is the global increase in smart homes. These residences are equipped with interconnected devices that can be managed remotely, enabling seamless control over various household functions. As homeowners become more tech-savvy and conscious of smart living benefits, demand for such appliances continues to surge.
For instance, a Value Penguin survey found that 65% of American households already have at least one smart device, a trend expected to intensify as the technology becomes more accessible and affordable.
- Rising Internet Penetration and Mobile Device Usage
The proliferation of smartphones and the availability of high-speed internet have significantly boosted the adoption of smart appliances. These technologies enable real-time control, monitoring, and data analysis, offering users valuable insights into energy usage and appliance performance.
- Increased Focus on Energy Efficiency and Security
As sustainability becomes a global priority, consumers are gravitating toward appliances that consume less energy and contribute to lower utility bills. At the same time, rising concerns over home security are driving the demand for smart locks, cameras, and motion sensors.
According to the United Nations Office on Drugs and Crime, more than 21 million theft and burglary cases were registered in 2016. However, the adoption of smart security devices contributed to a 12–13% drop in such incidents, emphasizing the effectiveness of these technologies.
- Innovations by Key Players
Leading manufacturers are investing heavily in R&D to deliver intelligent solutions tailored to evolving consumer preferences. For example, Google’s smart speaker range, including Google Home, enables users to manage their entire home environment with voice commands. In another example, ABB Ltd. launched its ABB-free@home solution, offering integrated home automation in the U.S.
Key Market Restraint:
High Initial Cost of Smart Appliances
Despite the many benefits, the high upfront cost of smart appliances remains a significant barrier to widespread adoption, particularly in developing economies. Integrating smart functionalities often raises the product price, discouraging middle-income households from making the investment. This is expected to slightly hinder growth until more affordable smart solutions enter the market.
Market Segmentation:
By Product Type:
- Washing Machines
- Air Conditioners (A.C.s)
- Refrigerators
- Dishwashers
- Others (Smart Locks, Cameras, etc.)
Among these, smart washing machines are anticipated to experience considerable growth, supported by rising smartphone usage and demand for remote-access home appliances. These machines offer features like faster wash cycles, predictive maintenance, and voice control.
By Technology:
- Wi-Fi
- Bluetooth
- Cellular Technology
- Radio Frequency Identification (RFID)
The Wi-Fi segment dominates due to its compatibility with various home automation systems and ability to provide real-time connectivity and control from remote locations.
By Distribution Channel:
- Offline (Hypermarkets, Specialty Stores)
- Online Retail
While offline retail remains strong due to in-store product demonstrations and the ability to assess physical appliances, online sales are gaining traction rapidly. E-commerce platforms offer the convenience of home delivery, competitive pricing, and a wide product range.
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Regional Insights:
North America:
North America is the leading region in the smart home appliances market, driven by high consumer purchasing power, advanced infrastructure, and widespread technology adoption. The U.S. in particular shows consistent year-over-year growth in connected homes. According to McKinsey & Co., the number of smart homes in the U.S. has increased at a CAGR of 31% since 2017. Strong demand for smart thermostats, security systems, and smart kitchen appliances keeps the region ahead in innovation and adoption.
Europe:
Europe is also a high-potential market , fueled by environmental awareness and energy efficiency goals. Countries such as Germany, the U.K., and France are witnessing a surge in consumer interest in smart devices. Regional startups and government incentives for sustainable living are also contributing to market growth. In 2018, Blue Line Innovations Inc. launched its Energy Cloud Platform to enhance energy management in both residential and commercial buildings.
Asia Pacific:
The Asia Pacific region is expected to see exponential growth during the forecast period, supported by rapid urbanization, increasing disposable income, and smartphone penetration. China and India are at the forefront, with local and international brands offering affordable smart solutions tailored to regional needs.
Comic Book Market Size, Growth Insights & Competitive Landscape 2025–2032
By Market News, 2025-06-30
Comic Book Market Overview:
According to Fortune Business Insights, global comic book market size was valued at USD 16.83 billion in 2024 and is projected to grow to USD 17.69 billion in 2025 , eventually reaching USD 26.75 billion by 2032 , with a CAGR of 6.09% during the forecast period. The Asia Pacific region led the market with a commanding share of 52.88% in 2024 , driven by the booming anime and manga industries. In the United States, the market is expected to hit USD 4.41 billion by 2032 , with events like Comic-Con playing a pivotal role in increasing consumer engagement and product demand.
The global comic book market is experiencing robust growth, fueled by the increasing popularity of engaging and visually captivating storytelling formats. Comics are gaining traction for their ability to boost vocabulary, spark imagination, and promote positive values across all age groups. The growing availability of comics across a broad spectrum of genres—including fantasy, science fiction, noir, and romance—is attracting a diverse and expanding global readership. Educational initiatives, such as CBSE’s launch of 100 educational comics in India in March 2021, are further driving interest, especially among younger readers. Additionally, rising interest in comic book collecting and the surging demand for high-value editions—particularly in segments like manga—are playing a crucial role in expanding the market.
Key Market Players
- Marvel Entertainment, LLC (U.S.)
- DC Entertainment (U.S.)
- Image Comics (U.S.)
- Dark Horse Media, LLC (U.S.)
- IDW Media Holdings, Inc. (U.S.)
- Archie Comics (U.S.)
- Akita Publishing Co., Ltd. (Japan)
- Futabasha Publishers Ltd. (Japan)
- Rebellion (U.K.)
- DMG Entertainment (U.S.)
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Market Segmentation
By Product Type:
Physical Comics to Lead Due to Collector Demand
The physical comics segment is expected to dominate due to the tangible reading experience, collectability, and investment potential. Many comic book collectors prefer physical editions, which can gain significant resale value over time.
By End-User:
Rising Adult Readership to Propel Market Growth
While comics have long appealed to children, the adult segment is gaining momentum. Adults—especially manga enthusiasts—are fueling market expansion as they actively read, collect, and trade rare editions for profit, further promoting the growth of the industry.
By Distribution Channel:
Online Platforms Gaining Ground
The online stores segment is projected to capture a significant market share, driven by the convenience of browsing, buying, and home delivery. Click-and-collect options and broad online availability are encouraging more readers to switch to digital retail platforms.
Market Drivers & Challenges
Key Drivers:
- Educational Integration: Government-led reading initiatives to promote learning through comics.
- Comic-Con & Fandom Events: Popular conventions such as San Diego Comic-Con and Japan’s Comiket attract massive attendance, driving awareness and sales.
- Cultural Impact: Rising popularity of anime, manga, and superhero franchises globally.
Challenges:
- Availability of Substitutes: Growing preference for digital entertainment formats like audiobooks and e-books may challenge the dominance of comics in some regions.
Regional Insights
Asia Pacific Dominates the Market
Japan’s thriving anime and manga sector continues to strengthen the region’s market leadership. According to the Association of Japanese Animation, the anime industry saw a 15.1% growth in 2018 , indicating strong consumer demand and industry expansion across both domestic and international markets.
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Competitive Landscape
Leading comic publishers are adopting strategic collaborations and launching innovative characters to expand their fan base. For instance, in August 2022 , Marvel introduced Anna Ameyama , a unique superhero featured in the T.E.S.T. Kitchen comic series, which includes a recipe in every issue—an example of how publishers are innovating to stay relevant.
Recent Industry Development:
August 2022: Dark Horse Media renewed its partnership with Netflix , giving Netflix first-look access to Dark Horse’s IP for movies and series. The adaptation of comics into mainstream entertainment platforms continues to elevate the industry's global presence.
Dining Table Market Overview:
According to Fortune Business Insights, global dining table market size was valued at USD 8.22 billion in 2024 and is projected to grow to USD 8.68 billion in 2025 , reaching USD 13.71 billion by 2032 . This expansion reflects a CAGR of 6.75% during the forecast period. The market is witnessing strong momentum, driven by growing home decor trends, demand for customizable luxury furniture, and rising consumer disposable incomes.
The global dining table market is experiencing robust growth, fueled by lifestyle changes, interior design preferences, and the increasing availability of stylish, functional furniture. With demand soaring across residential and commercial segments, and companies investing in sustainable innovation and digital sales channels , the industry is set to evolve dynamically through 2032.
Competitive Landscape
Leading players are focusing on innovation, sustainable design, and global expansion:
Key Market Players
- Steelcase Inc. (U.S.)
- MillerKnoll, Inc. (U.S.)
- Ashley Furniture Industries, Inc. (U.S.)
- Ethan Allen Global, Inc. (U.S.)
- Godrej & Boyce Mfg. Co. Ltd. (India)
- CB2 (U.S.)
- B&B ITALIA SPA (Italy)
- GLOBAL FURNITURE USA (U.S.)
- Sunpan Trading & Importing, Inc. (Canada)
- KOKUYO Co., Ltd. (Japan)
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Key Market Insights
- Asia Pacific dominated the market in 2024, accounting for 43.18% of the global share, driven by high furniture consumption in China and India.
- The U.S. market is poised for substantial growth, expected to reach USD 2.34 billion by 2032 , supported by rising demand for modern, multifunctional, and luxury dining tables.
- The market is being shaped by urbanization , home renovation trends , and increasing demand for sustainable and design-centric furniture products.
Dining Table Market Trends
- Shift toward Minimalistic and Customizable Designs
Consumers are increasingly opting for contemporary dining tables with textured patterns , extendable features , and compact sizes that suit modern living spaces. Tables with aesthetic appeal and multifunctionality are in high demand, especially in urban households.
- Surge in Online Furniture Sales
E-commerce is transforming the dining table industry. Brands like Coco Republic expanded into the U.S. online market in 2023, offering affordable, high-quality tables, contributing to broader market accessibility.
- Emphasis on Sustainability
Manufacturers are shifting toward eco-friendly materials such as recycled plastic, oak, teak, and rosewood. Brands like Outer Inc. launched collections made from sustainable materials, catering to environmentally conscious consumers.
Key Growth Drivers
- Rising Infrastructural Developments
New establishments in the hospitality sector—including restaurants, cafes, and bars —are fueling the demand for large dining tables. For instance, China recorded over 9.17 million restaurants in 2021, boosting commercial demand.
- Increasing Preference for Luxury Furniture
High-income consumers are favouring customizable, high-end furniture . As an example, MillerKnoll Inc. reported a 74.3% increase in net sales from Q2 to Q3 FY2022, highlighting the growing demand for luxury tables.
Market Challenges
- Health Concerns from Chemical Finishes
Chemical-based coatings on low-quality furniture can cause skin irritation , reducing consumer confidence in unverified products.
- Counterfeit Products in Unorganized Sector
The presence of unregulated manufacturers and counterfeit dining furniture is affecting market credibility and impacting brand sales.
Market Segmentation
By Material
- Wood (dominant): Preferred for its durability and aesthetic appeal.
- Metal : High demand in corporate canteens and cafes.
- Plastic : Rising usage of recycled plastic products in budget segments.
- Others : Includes glass , leather , and fabric tables; glass tops are gaining popularity.
By Table Shape
- Rectangular (largest share): Versatile and widely available in various sizes.
- Round : Preferred for space-saving needs.
- Square : Ideal for small families and compact apartments .
- Oval : Gaining traction for their unique aesthetic.
By End-User
- Residential (dominant): Driven by rising focus on home decor , multifunctionality , and remote working trends .
- Commercial : Growth due to expansion in hospitality , offices , and public dining sectors.
Regional Analysis
Asia Pacific
- Valued at USD 3.77 billion in 2024 , the region leads the market due to massive production and consumption in China and India .
- Supportive events like the China International Furniture Expo are boosting innovation and trade.
North America
- Demand driven by home renovations , remote working setups , and dual-purpose dining tables .
Europe
- Growing preference for ceramic tops , extendable designs , and space-efficient models is pushing demand in both residential and office segments.
South America & Middle East & Africa
- In South America, outdoor dining trends are key drivers.
- In MEA, cost-effective plastic-based tables are popular among budget-conscious consumers.
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Recent Developments
- June 2023 – WOUD launched new designs including the Ludo dining table.
- May 2023 – Transformer Table introduced outdoor extendable dining sets in 35 countries.
- Feb 2023 – Steelcase & Frank Lloyd Wright Foundation collaborated on modern table designs.
- March 2021 – Plüsch launched high-end natural stone and wooden dining tables in Germany.
Tissue Paper Market Overview:
According to Fortune Business Insights , the global tissue paper market was valued at USD 90.99 billion in 2024. It is projected to grow from USD 96.57 billion in 2025 to USD 154.54 billion by 2032, registering a CAGR of 6.95% during the forecast period. Asia Pacific led the global market in 2024 with a dominant share of 32.18%. In the United States, the tissue paper market is poised for significant expansion, expected to reach USD 37.43 billion by 2032—driven by technological advancements in tissue paper design and production.
Tissue paper products have become essential in maintaining hygiene and cleanliness across residential and commercial environments. The increasing global emphasis on sanitation and public health is a key driver of market growth. In commercial settings—such as offices, restaurants, and healthcare facilities—tissue paper is extensively used to ensure a clean and germ-free environment.
Consumers are becoming more health-conscious, increasingly favoring hygiene-focused products to guard against bacterial and viral infections. This trend is spurring demand for advanced tissue paper solutions that offer superior protection and cleanliness, including antibacterial variants—further propelling market expansion.
Key Companies Profiled
- Von Drehle Corporation (U.S.)
- First Quality Tissue LLC (U.S.)
- Orchid Paper Products Company (U.S.)
- Kruger Inc. (Canada)
- Asian Pulp & Paper (China)
- Svenska Cellulosa AB (Sweden)
- Hengan (China)
- Croix Tissue (U.S.)
- AbitibiBowater Inc. (Canada)
- CMPC Tissue SA (Chile)
- Sofidel Group (Italy)
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Market Drivers & Challenges
Growth Drivers:
The rising demand for personal hygiene products and increasing awareness around sanitation are key growth drivers. Tissue papers are widely used for cleaning surfaces, hands, and equipment—especially in healthcare and food services. For example, according to FAO, China’s production of household and sanitary paper rose from 10.99 million tons in 2020 to 11.25 million tons in 2021, indicating robust demand.
Challenges:
Environmental concerns such as deforestation and climate impact from tree-based pulp production pose challenges for the tissue paper industry. These issues may dampen consumer demand and hinder market growth, encouraging a shift toward eco-friendly alternatives.
Market Segmentation
By Product Type:
The market is segmented into facial tissue, paper towels, wipes, bath & toilet tissue, and others. The bath & toilet tissue segment holds the largest share due to high usage in both households and commercial restrooms, especially in the expanding hospitality and tourism sectors.
By Application:
Segmented into household and commercial use, the commercial segment leads due to high demand from hotels, restaurants, and corporate offices—where tissues are heavily used during food service and cleaning operations.
Regional Insights
Asia Pacific is projected to maintain its dominance in the global tissue paper market, supported by strong manufacturing capabilities in countries like China, Japan, and India. According to the China Paper Association, there were around 2,700 paper and board enterprises in China in 2019 alone. Rapid urbanization and a growing food service industry are further accelerating demand in the region.
Competitive Landscape
Sustainable innovation and robust supply chain management are critical for market leadership. Companies like Svenska Cellulosa AB are leveraging advanced technologies to improve absorbency and raw material efficiency, focusing on environmental sustainability. Players such as CMPC and Hengan Inc. are also implementing strategic investments and innovations to strengthen their market presence.
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Notable Industry Development
- June 2021 : Renova, a Portuguese brand, introduced "Divine"—a toilet paper wrapped in recyclable and biodegradable paper. This launch underscores Renova's commitment to eco-conscious innovation and sustainability-focused consumer awareness.
Anti-Fatigue Mats Market Overview
According to Fortune Business Insights , the global anti-fatigue mats market was valued at USD 2.15 billion in 2024 and is expected to reach USD 3.37 billion by 2032 , growing at a CAGR of 5.86% during the forecast period. The market is witnessing significant growth due to rising awareness of workplace ergonomics , increasing focus on employee well-being , and growing demand across industrial and commercial sectors .
In 2024, the Asia Pacific region emerged as the leading market, accounting for 33.95% of the global share, driven by rapid industrialization and rising investments in occupational health and safety.
Anti-fatigue mats are ergonomically designed using materials such as rubber, PVC, and polyurethane to reduce fatigue, discomfort, and the risk of musculoskeletal disorders caused by prolonged standing. These mats are widely adopted across industries like manufacturing, healthcare, retail , and corporate workplaces as part of comprehensive wellness strategies.
Competitive Landscape
The anti-fatigue mats market is highly competitive , with key players focusing on product diversification , regional expansion , and innovation . Major companies operating in this space include:
- Wearwell LLC (U.S.)
- THE MAT GROUP (Australia)
- Crown Matting Technologies (U.S.)
- Sabafer Srl (Italy)
- COBA Europe Ltd. (U.K.)
- Durable Corporation (U.S.)
- VIKAS MATS (India)
- American Pro Marketing, LLC (U.S.)
- Sheep Mats (China)
- Ansell Ltd. (India)
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Key Market Drivers
- Rising Ergonomic Awareness in Workplaces
Companies are investing in employee health and comfort , driven by wellness programs, standing desk trends, and regulatory initiatives by OSHA and NIOSH . - Health Consciousness Among Workers
Increasing concern over musculoskeletal disorders and health issues from prolonged standing is leading to broader adoption of anti-fatigue mats in workplaces aiming to improve productivity and reduce absenteeism .
Market Restraints
- Fluctuating Raw Material Prices
The prices of core materials like rubber, foam, and polyurethane are subject to volatility due to supply chain disruptions and crude oil price fluctuations, challenging manufacturers in cost management.
Market Opportunities
- Innovation in Product Applications
Companies are launching mats tailored to niche needs. For example, in July 2023 , First Mats (U.K.) introduced grease- and water-resistant mats for kitchens and catering environments—opening new opportunities in foodservice and hospitality sectors.
Market Challenges
- Limited Awareness in Residential Segment
Despite their proven benefits, awareness remains low among home users and small businesses, who often consider these mats as industrial-only products.
Key Market Trends
- Rising Customization Demand
Personalized anti-fatigue mats based on size, shape, and materials are gaining traction. Tools like AcroMat’s AcroSketch 2.0 allow users to design custom-fit solutions. - COVID-19 Pandemic Impact
The pandemic temporarily disrupted growth due to factory closures and reduced office activity. However, with the return of industrial and commercial operations, the market is rebounding steadily.
Market Segmentation
By Material
- Rubber (Leading Segment in 2024): Durable, cost-effective, and widely used in industrial environments.
- Polyurethane: Offers superior comfort and durability; poised for strong growth.
- PVC and Others: Cater to specific applications and budget-sensitive customers.
By Application
- Industrial (Dominant Segment): Extensive use in manufacturing, warehousing, and logistics where workers stand for long durations.
- Commercial: Increasing use in offices and retail due to standing desk culture and wellness initiatives.
- Residential: Emerging growth as remote work persists and home office ergonomics improve.
By Distribution Channel
- Offline (Leading in 2024): Retailers and specialty stores dominate, offering hands-on product evaluation.
- Online: Rapid growth expected due to convenience, custom ordering, and competitive pricing on e-commerce platforms.
Regional Insights
- Asia Pacific (Leading Region – USD 0.73 Billion in 2024):
Dominated by China, India, and Southeast Asia, driven by manufacturing growth, rising workforce, and productivity-focused investments. - North America:
High ergonomic awareness, strong regulatory support, and presence of top players contribute to steady demand. - Europe:
Growth driven by strict labor safety regulations and advanced employee wellness standards in countries like Germany, the U.K., and France. - South America:
Moderate growth anticipated as industrial development and awareness initiatives expand, especially in Brazil and Argentina. - Middle East & Africa:
Emerging potential fueled by economic diversification, industrialization in UAE and Saudi Arabia , and rising health investments.
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Recent Industry Developments
- July 2024: Antistat appointed Conard Sourcing Platform (Germany) as its European distribution partner.
- May 2023: Imprint Comfort Mats released new patterns—Burlap Cocoa and Desert Palm Natural—for its CumulusPRO series .
- November 2022: First Mats launched a steam-sterilizable hygienic anti-fatigue mat , targeting medical and food sectors.
- October 2020: Antistat introduced a new ESD anti-fatigue mat range with solder splash resistance and anti-slip features.



