According to   Fortune Business Insights , the elderly care market encompasses home care, nursing homes, assisted living, and adult care services, all aimed at supporting older adults. This market plays a crucial role in addressing the emotional needs of seniors while promoting their independence and overall well-being. The sector is projected to grow significantly, driven by the rising average life expectancy of individuals.

Market Overview:

The global   Elderly Care Market   size reached at USD 45.72 billion in 2023. The market is projected to grow from USD 49.29 billion in 2024 to USD 98.19 billion by 2032, exhibiting a CAGR of 9.00% over the forecast period. 

List of Key Players Mentioned in the Report:

• Helping Hands Home Care (England)
• CK Franchising, Inc. (U.S.)
• Rosewood Care Group (Australia)
• Living Assistance Services (Canada)
• Interim HealthCare Inc. (U.S.)
• Home Instead, Inc. (U.S.)
• Right at Home, LLC (U.S.)
• Exceptional Living Centers (U.S.)
• Care24 Pvt Ltd. (India)
• Visiting Angels (U.S.)

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Segmentation:

Home Care   Segment   Led, Driven by Independent Care Offerings

In terms of service facility, the market is divided into home healthcare and public/private. In 2023, the home care segment dominated the market with a 58% share, driven by the appeal of independent care, convenience, and cost savings in the comfort of the home. 

Homemaking Segment   Held a Dominant Share On Account of its Ability to Manage   Mobility Issues

Based on service type, the market is classified into companion care, homemaking, rehabilitation/recovery, personal care, and others. The homemaking segment led the market, with the highest elderly care market share. It includes essential services such as meal preparation, running errands, cleaning, and laundry, primarily benefiting older adults with mobility issues or health conditions, easing their daily burdens.

Strong Demand from the Aging Population   Led to the Dominance of   Live-in care   Segment

As per care type, the elderly care market is trifurcated into visiting care, live-in care, and respite care. In 2023, the live-in care segment held the largest market share, driven by strong demand from the aging population.  Offering 24/7 care from skilled professionals, it allows seniors to remain in the comfort of their familiar surroundings, enhancing their well-being and care experience.

In terms of region, the market is categorized into Europe, North America, the Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The report offers an in-depth of the market, covering key areas such as competition, services, and product types. It highlights market trends, industry developments, and factors driving market growth.  Rather than this, the report also highlights the impact of the COVID-19 pandemic on the market.

Drivers and Restraints:

Rising Incidence of Chronic Diseases and Disabilities   to Bolster Market Growth

Aging increases the risk of chronic diseases and disabilities, driving the demand for long-term care services, rehabilitation, and specialized management. Moreover, innovation in healthcare technology enables better management of chronic conditions at home, boosting the need for home healthcare and assisted living services.

However, limited insurance coverage and government support make it difficult to meet the growing demand for such services, thereby hindering the elderly care market growth.     

Regional Insights:

North America Dominated the Market Owing to   High Healthcare Spending

North America captured the highest market share in 2023 and was valued at USD Billion. The region’s significant investment in healthcare and non-medical services for the elderly drives the demand for elderly care.

The European market is poised for growth due to the widespread presence of healthcare services and senior care facilities. Additionally, an aging population with chronic illness, along with supportive compensation policies, strengthens the market’s foundation.    

Competitive Landscape-

Key Players Focus on   Partnerships to Develop Innovative Care Solutions

Major firms such as Brookdale Senior Living and Johnson & Jonhson use their financial strength and brand reputation to secure competitive advantages. Meanwhile startups such as Honor and Homethrive leverage technology, offering remote monitoring, telehealth, and caregiving platforms to cater to tech-savvy consumers. These companies focus on regulatory compliance, R&D, and partnerships with tech firms to develop innovative care solutions and enhance service delivery.

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Key Industry Development:

November 2024:   Bangalore-based listed hospital chain Aster DM Healthcare and US-based private equity major Blackstone-owned Quality Care India reached the final steps of completing a merger, with Blackstone expected to hold a majority stake in the merged entity. This merger is likely to create a substantial healthcare conglomerate in India, enhancing the reach and capabilities of both organizations. In the foreseeable future, this merger would bring significant development to the Indian healthcare sector.

June 2024:   Helping Hands Home Care opened their first franchise in Woolrich as Heartland Retirement Personal Care Home. It offers in-home personal care services with complete home healthcare to seniors and individuals in need within the community.

According to Fortune Business Insights, Cycling gloves are made from synthetic materials such as leather, spandex, and polyester and are used for avoiding blisters, injuries, and numbness during long rides. The escalating adoption of e-bikes as they offer an eco-friendly alternative for urban commuting is set to propel product demand.

Market Overview:

The global   Cycling Gloves Market   size was valued at USD 3.26 billion in 2023. It is projected to grow from USD 3.41 billion in 2024 to USD 5.49 billion by 2032, exhibiting a CAGR of 6.12% during the forecast period.

Moreover, the cycling gloves market in the U.S. is expected to grow significantly, reaching USD 0.91 billion by 2032. This growth is fueled by the rising popularity of cycling as a sport and fitness activity, along with advancements in protective gear. Asia Pacific dominated the cycling gloves market with a market share of 34.36% in 2023. 

List of Key Players Mentioned in the Report:

• GIRO (U.S.)
• Trek Bikes (U.S.)
• Rapha (U.K.)
• Assos (Switzerland)
• GripGrab (Denmark)
• Altura (U.K.)
• Specialized Bicycle Components (U.S.)
• Pearl Izumi (U.S.)
• Endura (Scotland)
• Showers Pass (U.S.)

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Segmentation:

Full-Finger Segment to Capture Major Share Due to Advantage of Complete Coverage

Based on product, the market is bifurcated into full-finger and half-finger. The full-finger segment is set to dominate the global market owing to the advantage of complete coverage. The gloves help protect the entire hand from injuries, blisters, and abrasions.

Male Segment to Dominate Impelled by Soaring Participation in High-intensity Cycling Activities

On the basis of end-user, the market for cycling gloves is divided into female and male. The male segment is slated to lead the global market over the analysis period due to increased participation of men in high-intensity cycling activities such as road racing and mountain biking.

Offline Segment to Record Leading Share Propelled by Mounting Consumer Preference for in-Person Shopping

Based on distribution channel, the market is segregated into online and offline. The offline segment is poised to hold a prominent market share impelled by consumer preference for in-person shopping.  

Based on geography, the market for cycling gloves has been studied across North America, Europe, Asia Pacific, and the rest of the world.  

Report Coverage:

The report provides an analysis of the global market scenario on the basis of end-user, product, distribution channel, and geography. It further gives an insight into the latest trends and the major factors slated to bolster market expansion. The competitive landscape of the market has also been mentioned in the report.  

Drivers and Restraints:

Escalating Popularity of Cycling as a Recreational Activity to Fuel Industry Expansion

The rising popularity of cycling as a recreational activity and for eco-friendly transportation is slated to boost cycling gloves market growth. The product demand is rising due to the mounting requirement of gloves that provide improved durability, comfort, and grip by competitive cyclists. China and the U.S. have been recorded to be the two largest consumer markets for recreational physical activity. The two markets account for ~45% of the global expenditure, according to data provided by the Global Wellness Institute in 2023.

However, affordability issues associated with high-performance gloves may hinder industry expansion.    

Regional Insights:

Asia Pacific Held Major Share Owing to Soaring Development of Cycling Infrastructure Development

Asia Pacific cycling gloves market share bagged a dominant position in the global market in 2023. The dominance of the region is favored by rising emphasis on the development of cycling infrastructure by India and China.

The surging popularity of cycling is set to drive market growth in Europe. The region also exhibits a heightened emphasis on fitness, health, and environmentally friendly transportation.

Competitive Landscape:

Major Players Undertake R&D Investments to Strengthen Industry Foothold

Leading companies are making heavy investments in R&D activities. Key players are also deploying innovative cycling gloves that offer enhanced performance and comfort. Such steps are being adopted for gaining an edge over competitors, boosting the market development.

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Key Industry Development:

December 2023 –   Fox Racing, a U.S.-based sports equipment manufacturing company, launched ‘Defend Pro Winter Gloves.’ This range is known for its warmth and weatherproofing and incorporates insulated materials and touchscreen compatibility for convenience during rides.

January 2023 –   GIRO, a sports goods company, introduced the Rodeo MTB Glove, featuring the cutting-edge D3O 'Ghost Knuckle' Protection. This launch implies a significant advancement in the market. The innovative technology provides enhanced safety for cyclists and improves grip while ensuring comfort and flexibility during rides.

January 2023 –   DHB, a cycling equipment manufacturing company, launched a new range of lightweight cycling gloves. These gloves offer touchscreen compatibility and breathable stretch mesh fabric, making them suitable for various cycling conditions.

According to Fortune Business Insights, Side tables cater to furnishing requirements and come in various shapes. The demand for these tables is slated to spur with the mounting trend of customized and luxury furniture.

Market Overview:

The global   Side Table Market   size was valued at USD 13.12 billion in 2024. The market is projected to grow from USD 13.63 billion in 2025 to USD 19.03 billion by 2032, exhibiting a CAGR of 4.88% during the forecast period.

Moreover, the side table market in the U.S. is expected to grow significantly, reaching USD 3.51 billion by 2032. Increasing demand for functional and stylish home furniture is a key growth driver. Asia Pacific dominated the side table market with a market share of 47.79% in 2024.

List of Key Players Mentioned in the Report:

• Steelcase Inc. (U.S.)
• MillerKnoll, Inc.   (U.S.)
• Ashley Furniture Industries, Inc.   (U.S.)
• GLOBAL FURNITURE USA   (U.S.)
• KOKUYO Co., Ltd. (Japan)
• Ethan Allen Global, Inc. (U.S.)
• Godrej & Boyce Mfg. Co. Ltd. (India)
• B&B ITALIA SPA (Italy)
• Sunpan Trading & Importing, Inc. (Canada)
• CB2 (U.S.)
• Pepperfry Limited (India)
• IKEA (Sweden)
• HNI Corporation (U.S.)
• Natuzzi S.p.A. (Italy)
• Dorel Industries Inc. (Canada)

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Segmentation:

Wood Segment to Hold Prominent Share Due to Increasing Popularity of Interior Décor

On the basis of material, the market for side tables is subdivided into plastic, wood, metal, and others. The wood segment is set to lead the global market. The growing product preference for interior décor is one of the vital factors impelling segmental dominance.

Residential Segment to Register Major Share Impelled by Changes in Lifestyle

Based on application, the market for side tables is fragmented into commercial and residential. The residential segment is poised to hold the largest share in the global market. The product demand is set to rise in this application considering the changes in lifestyle, including a rise in leisure activities at home and an upsurge in remote work.

By geography, the market for side tables has been analyzed across North America, South America, Asia Pacific, Europe, and the Middle East & Africa.

Report Coverage:

The report presents an analysis of the global market landscape on the basis of various segments. The market has been studied on the basis of application, material, and geography. The latest industry trends and the major factors propelling industry expansion have also been presented in the report.

Drivers and Restraints:

Industry Value to Surge with Expansion of the Real-Estate Sector

The growth of the real-estate industry is set to drive side table market growth. This is due to the escalating demand for these tables in furnishing commercial and residential spaces. The pieces are considered essential for bedrooms, living rooms, and other areas.

Nonetheless, high costs of tables made from high-quality raw materials could lead to the adoption of lower-priced alternatives, affecting industry expansion.   

Regional Insights:

Asia Pacific Registered Leading Share Driven by High Product Demand

Valued at USD 6.00 million in 2023, the Asia Pacific market held a prominent share of 47.44% in the global market. This can be attributed to the high product demand owing to high requirement for home furnishings. The region has abundant availability of raw materials and labor at low costs, which is one of the major factors driving its emergence as a key manufacturing hub.

The Europe side table market share is set to record a rise in product demand impelled by a rise in renovation projects. This was mainly on account of high disposable income and changing lifestyle preferences.

Competitive Landscape:

Industry Participants Introduce New Products Equipped with Advanced Features

Industry players are rolling out new products, equipped with advanced features. These features include convertible surfaces, adjustable heights, charging ports, and built-in storage compartments. These products are being introduced to secure an edge over their rival companies and establish a strong market presence.

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Key Industry Development:

February 2023 -   Steelcase, Inc., a global furniture manufacturing company, in partnership with the Frank Lloyd Wright Foundation, introduced the Racine Collection, featuring a range of items, including dining chairs, side tables, and desks. These offerings embody contemporary design elements, utilizing high-performance fabrics, materials, and adjustments to enhance user comfort.

September 2022 –   Tidelli, a specialist outdoor living furniture developer launched, Rio, a line of Rio de Janeiro-inspired arm chairs and a side table in the Peruvian market. These products are designed with differentiated features details on the base and an overlap of aluminum structure at the top.

July 2021 –   IMM Private Equity, a South Korean private equity firm, made a USD 1.3 billion investment for the acquisition of Hanssem Co., a South Korean company specialized in home furnishings and furniture. The acquisition would help enhance its portfolio, particularly in the dining room furniture segment.

According to Fortune Business Insights, Kitchen cabinets or kitchen cupboards, refer to boxes used for storing kitchen accessories, such as dishes, cooking vessels, and glasses. Customers are increasingly seeking homes that come with modern kitchen designs. This factor is expected to fuel the demand for kitchen cupboards with innovative features.

Market   Overview:

The global   Kitchen Cabinets Market   size was valued at USD 100.79 billion in 2024. It is projected to grow from USD 107.86 billion in 2025 to USD 183.53 billion by 2032, exhibiting a CAGR of 7.89% during the forecast period. Moreover, the kitchen cabinets market in the U.S. is expected to grow significantly, reaching USD 43.03 billion by 2032. The rise in home renovations and demand for stylish storage solutions is fueling growth. Asia Pacific dominated the kitchen cabinets market with a market share of 35.51% in 2024. 

LIST OF KEY COMPANIES PROFILED IN THE REPORT:

• Master Brand, Inc. (U.S.)
• Inter IKEA Systems B.V. (Netherlands)
• Oppein Home Group Inc. (China)
• Nobia AB (Sweden)
• Takara Standard Co., Ltd. (Japan)
• Howden Joinery Group Plc (U.K.)
• Hacker (Germany)
• Cleanup Corporation (Japan)
• LIXIL Corporation (Japan)
• nobilia-Werke J. Stickling GmbH & Co. KG. (Germany)
• ZBOM Home (China)
• Hafele (Germany)
• Boffi SpA (Italy)
• Molteni & C S.p.A (DADA) (Italy)
• SieMatic Möbelwerke GmbH & Co. KG (Germany)
• Advanced Cabinets Corp (U.S.)
• Cabinet Craft (U.S.)
• American Cabinet Corporation (U.S.)
• Boloni International (China)

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Segmentation:

Sustainability Benefits Offered by Wooden Cabinets to Boost Their Demand

Based on material, the global market is segmented into wood, plastic, metal, glass, and others. The wood segment is predicted to capture the largest kitchen cabinets market share during the forecast period as customers are seeking sustainable kitchen accessories to reduce their overall carbon footprint.

Stock Kitchen Cabinets’ Inexpensive Pricing Places it at the Apex Position

Based on category, the market is divided into stock kitchen cabinets, semi-custom kitchen cabinets, and custom kitchen cabinets. In 2023, the stock kitchen cabinet segment dominated the market as Home Depot, Ikea, and Lowe’s offer these items at economical rates.

Cost-Effectiveness of Shaker Cabinets to Bolster Their Adoption

Based on style, the market is segmented into beaded kitchen cabinets, shaker kitchen cabinets, flat panel kitchen cabinets, wall kitchen cabinets, base kitchen cabinets, tall-standing kitchen cabinets, and others. The shaker kitchen cabinets segment might hold a dominant market position as these cabinets are more affordable than their counterparts.

Increasing Disposable Income Fueled Product Use in Residential Spaces

Based on application, the global market is categorized into commercial and residential. The residential segment held the major market share in 2023 as customers in various countries are witnessing a notable increase in their disposable, incomes, encouraging them to invest in high-end kitchen components.

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 materials, styles, applications, and key 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 Need for Advanced Kitchen Appliances to Boost Market Expansion

Customers across the world are witnessing a strong rise in their overall disposable incomes, which has prompted them to purchase luxurious apartments that are equipped with modern appliances. This factor has prompted manufacturers to design cabinets that can be integrated with appliances, such as toasters and mixers. This factor is expected to fuel the kitchen cabinets market growth.

However, governments are imposing anti-dumping tariffs, which can increase the price of these cabinets, thereby restricting their sales.

Regional Insights:

Rising Sales of Commercial and Residential Properties Helped Asia Pacific Dominate Global Market

Asia Pacific dominated the global market in 2023 Japan, India, Australia, and China are witnessing a strong growth in the development and sales of commercial and residential properties to cater to the needs of large-scale urbanization.

North America is also offering lucrative opportunities for this market to grow as the number of home renovation and kitchen remodeling projects are rising across the region.

Competitive Landscape:

Key Market Players to Launch New Products to Expand Their Customer Base

Some of the leading market players are focusing on launching new designs of kitchen wardrobes that are equipped with innovative features. They are also opening new stores in various regions across the world to expand their customer base and increase their global presence.

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Notable Industry Development:

February 2024:   Isla Porter, a customized kitchen cupboards brand, announced plans to be officially launched in Spring 2024. The brand will provide advanced features, more than 70 finishes, and 20-door style options.

November 2023:   Dura Supreme Cabinetry, a U.S.-based kitchen and bathroom cabinets company, officially commenced manufacturing cabinets at its new production plant in Statesville, North Carolina, U.S.

October 2023:   Cabinets to Go, a U.S.-based specialty cabinet’s retailer, introduces its new kitchen closets line, including the Threespine Click Furniture Technology, which delivers long-lasting results, stability, and precise angles.

Market Overview:

According to Fortune Business Insights, the global   Dining Table Market   size was valued at USD 8.22 billion in 2024 and is projected to reach USD 13.71 billion by 2032, growing at a CAGR of 6.75% during the forecast period.

The market is expected to grow from USD 8.68 billion in 2025. Asia Pacific led the global market with a significant share of 43.18% in 2024. Additionally, the U.S. dining table market is set for notable expansion, projected to reach USD 2.34 billion by 2032. The increasing focus on home décor and the rising demand for premium-quality, stylish furniture are key factors driving market growth.

List of Key Players Profiled in the Market Report

• Steelcase Inc. (U.S.)
• MillerKnoll, Inc. (U.S.)
• Ashley Furniture Industries, Inc. (U.S.)
• GLOBAL FURNITURE USA (U.S.)
• KOKUYO Co., Ltd. (Japan)
• Ethan Allen Global, Inc. (U.S.)
• Godrej & Boyce Mfg. Co. Ltd. (India)
• B&B ITALIA SPA (Italy)
• Sunpan Trading & Importing, Inc. (Canada)
• CB2 (U.S.)

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Segmentation:

Backed By Consumer Demand for Engineered Furniture Items,   Wood Is Set To Lead The Segment
On the basis of material, the market is segmented into wood, metal, plastic, and others. Consumer demand for engineered wooden tables and chairs has resulted in the wood segment to be the leading part of the segment in the market. The demand for steel lunch benchtops in the corporates and restaurants is supporting the demand for steel-based material.

Backed By Easy Availability,   Rectangular Segement Is Set To Lead The Market
By table shape, the market is divided into oval, rectangular, round, and square. The rectangular shaped tables are set to hold a dominant share due to the availability of diverse shapes and sizes.

Owing To Consumption Of Multifunctional Tables,   Residential Segement Is Set To Lead The Market
According to the end-user, the market is segmented into residential and commercial. Residential segment holds a major market share owing to the consumption of multifunctional tables and minimalistic designs. 

On the basis of regional ground, the market is studied across North America, Europe, Asia Pacific, South America, and Middle East & 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

Requirement for Large-Sized Dining Tables In The Infrastructural Facilities To Drive Market Trajectory
Growth in the number of infrastructural facilities related to restaurants, coffee shops, canteens, bars, and pubs is anticipated to drive dining table market growth. These facilities require large-sized dining tables. In addition, the adoption of luxury furniture items is set to propel the market growth.

However, instances of skin irritation due to long usage of lounge tables with chemical-based finishes is expected to hamper the market growth.

Regional Insights

Owing to the Consumption of   Wooden Furniture Items , Asia Pacific Is Expected To Lead The Market Share
Asia Pacific is projected led the global dining table market share with the valuation of USD 3.36 billion in the year 2022. The valuation and dominance is backed by the enhanced consumption of wooden furniture items in China and India.  

The need for replacing of products and house renovation trend in the household of Canada and U.S. is driving the market growth in North America.

Competitive Landscape

Market Players to Gain Competitive Edge by Offering Innovative Designs
Key industry players of the dining table market have been focusing on the offering innovative designs to expand their customer base globally. In February 2023, Steelcase, Inc. collaborated with Frank Lloyd Wright Foundation to launch various products such as dining chairs, tables, and desks, called Racine Collection. These products are of high performance as they are made up of high quality fabrics, materials, and tweaks for better comfort and use.

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Key   Industry Development

March 2025-   Steelcase reported fiscal 2024 revenue of $3.2 billion, with net income of $81.1 million and adjusted earnings per share of $0.93, up from $0.56 in the previous year.

February 2025-   Sunpan Trading & Importing, Inc.  showcased its latest collections at the 2025 Winter Las Vegas Market, highlighting new designs and trends in residential and commercial furniture.

December 2024-   MillerKnoll, Inc. announced that from May 2025, all North American products will be free of added per- and polyfluoroalkyl substances (PFAS), becoming the first office furniture manufacturer to make this commitment.

  Market Overview:

According to Fortune Business Insights, the global Leather Goods Market was valued at USD 498.57 billion in 2024 and is projected to reach USD 855.36 billion by 2032, growing at a CAGR of 7.05% during the forecast period. Europe led the market with a dominant share of 37.44% in 2024. The U.S. leather goods market is also poised for substantial growth, with a projected value of USD 220.08 billion by 2032. This expansion is fueled by the rising consumer demand for premium, luxury, and long-lasting accessories, which continues to drive market momentum globally.

List of Key Players Mentioned in the Report:

• Hermes International (France)
• LVMH Moët Hennessy Louis Vuitton (France)
• Kering (France)
• Prada (Italy)
• Capri Holdings (U.S.)
• Vf Corporation (U.S.)
• Kuraray Co., Ltd. (Japan)
• R. Polycoats Pvt. Ltd. (India)
• Adriano Di Marti (Mexico)
• Broke Mate (India)

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Segments:

Synthetic Leather to Gain Traction Owing to Increasing Costs

On the basis of source, the market is subdivided into synthetic leather and full-grain leather. The synthetic leather segment is expected to register commendable expansion over the forecast period. The rise can be credited to the rising product demand in the footwear and apparel industry.

Footwear Segment to Record Substantial Growth Driven by Prevalence of Durable Footwear

Based on product, the market for leather goods is segmented into luggage, apparel, footwear, and others. Of these, the footwear segment is slated to register appreciable growth throughout the estimated period. The surge can be attributed to the escalating demand for durable footwear.

Men Segment to Register Commendable Growth Due to Surging Demand for Luxury Footwear

On the basis of end-user, the market is fragmented into women, men, and kids. The men’s segment is poised to record substantial expansion over the forecast period. The escalation is being driven by the higher requirement for formal wear, leather shoes, jackets, and other goods.

Based on geography, the market has been analyzed across Europe, North America, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The report provides a comprehensive analysis of the key factors propelling the business scenario over the forthcoming years. It further gives an insight into the major aspects driving industry growth across various regions. Some of the additional aspects include the vital steps taken by leading market participants for strengthening their business position.

Drivers and Restraints:

Market Value to Surge Owing to Growing Demand for Luxury Goods

One of the major aspects propelling the leather goods market growth is the rising prevalence of natural leather as a luxury product and the escalating product usage in fashion shows. The market expansion is further impelled by the growing demand for handmade and customized goods.

However, the industry expansion may be hindered due to the process of leather production from animal hides and skins.

Regional Insights:

Europe to Lead Driven by Presence of Major Manufacturers

The Europe leather goods market share is expected to register appreciable expansion throughout the study period. The surge can be credited to the increasing footwear demand and the presence of major manufacturers in the region.

North America is estimated to record commendable growth over the estimated period. The rise is being driven by the substantial demand for luxury goods in the region.

Competitive Landscape:

Major Players Enter into Partnership Deals to Enhance Product Reach

Key leather goods companies are focused on the adoption of various initiatives for strengthening their position in the market. These include acquisitions, merger agreements, and the formation of alliances. Besides, several companies are entering into collaborations and partnership deals to increase their geographical footprint.

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Key Industry Development:

March 2025- VF Corporation introduced medium-term financial targets aiming for an adjusted operating margin of at least 10% and an adjusted gross margin of at least 55% by fiscal year 2028. The company also targets net leverage of 2.5x or below.

February 2025- Kering's Kering Eyewear division generated €1.6 billion in revenue in 2024, a 6% increase on a comparable basis. Recurring operating income for the division was €277 million.

January 2025- LVMH reported 2024 revenue of €84.7 billion, a 1% organic growth despite challenging economic conditions. Profit from recurring operations was €19.6 billion, with a 23.1% operating margin. Free cash flow increased by 29% to €10.5 billion.

The growing recognition of massage therapy for stress relief and muscle relaxation is fueling demand for popular equipment like massage chairs, back massagers, massage guns, and foot massagers. In response, companies such as Osim have launched smart massage chairs featuring precise body targeting, adjustable recline settings, and customizable intensity levels—highlighting the industry's focus on innovation. However, the market faced setbacks during the COVID-19 pandemic, as the economic downturn forced the closure of wholesale outlets, spas, massage centers, and supply warehouses, significantly hampering growth.

Market Overview:

According to Fortune Business Insights global Massage Equipment Market size was valued at USD 25.26 billion in 2024. The market is projected to grow from USD 26.76 billion in 2025 to USD 41.18 billion by 2032, exhibiting a CAGR of 6.35% during the forecast period. Asia Pacific dominated the massage equipment market with a market share of 30.24% in 2024.

List of Key Players Mentioned in the Report:

• Johnson Health Tech (U.S.)
• Beurer (Germany)
• Ogawa World (Malaysia)
• OSIM Technologies (Singapore)
• Luraco Technologies (U.S.)
• Panasonic (Japan)
• RoboTouch (India)
• Casada Healthcare (Germany)
• Family Inada (Japan)
• Osaki (Japan)

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Segmentation:

Massage Chair Segment’s Highest Market Share Owed to Rising Awareness of the Therapeutic Benefits

By type, the market is divided into back & shoulder massagers, foot & leg massagers, massage chairs, and others. Increased awareness among consumers regarding the therapeutic benefits of full-body massages for stress and pain relief contributed to the segment securing the highest market share in 2023.

Commercial Segment Leads Due to Strategic Deployment of Massage Products in Public Spaces

By end-user, the market is fragmented into residential and commercial. The commercial segment captured the highest massage equipment market share in 2023. Market players strategically place products in high-traffic public areas, such as airports, enhancing visibility and attracting tourists, contributing to the segment's market share expansion.

Offline Sector Leads the Market Due to Rising Demand for Budget-Friendly Massages

By distribution channel, the market is divided into offline and online. The offline sector dominates the global market. Surging demand for budget-friendly massage chairs with multiple functionalities is a key factor supporting segment growth.

In terms of region, the market for massage equipment is categorized into Europe, North America, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The detailed global market report extensively explores vital aspects such as major companies and types, shedding light on market trends and significant industry developments. Beyond these considerations, the report covers multiple factors that contribute to the sustained growth of the market. It provides an in-depth analysis of the market, capturing its dynamic features and key determinants of expansion.

Drivers and Restraints:

Increased Investment in Innovative Equipment to Amplify Product Demand

Manufacturers are focusing on substantial investments in research and development to drive higher levels of product innovation within the market. Moreover, the increasing market demand for durable and comfortable massage equipment is prompting heightened investments in innovative solutions, contributing to market expansion. Initiatives such as Komoder's 20-minute automatic massage programs further stimulate growth by catering to the demand for whole-body relaxation.

However, the market is sensitive to economic uncertainties affecting production costs, influencing the affordability of such products and potentially hindering massage equipment market growth.

Regional Insights:

North America Emerges as a Key Region Owing to Growing Spa and Massage Centers

North America emerged as a lucrative region in 2023, with anticipated positive growth in the subsequent years. The rising count of spas and massage centers in the U.S. acts as a key driver, fostering market growth in North America.

The surge in population and rising disposable income in key countries such as Japan, India, and China, propels the demand for massage equipment and self-care products.

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Competitive Landscape:

Key Players are Focusing on Product Innovation to Expand their Market Presence

In the highly competitive global market, both medium and large players actively pursue product differentiation through innovative massage equipment and cutting-edge technology. Major players strategically invest in partnerships, mergers, acquisitions, and new product development to solidify and expand their market presence.

Key Industry Development:

July 2023 : Kneeflow, a U.S.-based manufacturer, announced the launch of a 3-in-1 knee massager for individuals suffering from knee pain and knee mobility issues. The massager uses infrared light technology to reduce inflammation of ligaments and improve blood circulation.

February 2023: Coway, a South Korean manufacturer, launched a new model of the Coway massage chair. The new model has four calf rollers, two-foot rollers and 12 airbags, providing head-to-toe coverage to relieve muscle pain and reduce anxiety and stress levels for individuals.

The growing use of photo albums by wildlife photographers, fashion designers, artists, and other professionals to showcase their creativity is expected to drive global demand in the coming years. Additionally, the tradition of married couples preserving wedding albums as cherished keepsakes is contributing to market growth in countries such as India, Japan, Singapore, and the U.S. For example, PlanetArt, LLC—a subsidiary of CLARANOVA S.E.—reported a 21.0% increase in total sales, reaching USD 445.63 million in the 2020–2021 fiscal year.

Market Overview:

According to Fortune Business Insights, global Photobook and Album Market size was valued at USD 3.42 billion in 2024. The market is projected to grow from USD 3.51 billion in 2025 to USD 4.95 billion by 2032, exhibiting a CAGR of 5.02% during the forecast period. North America dominated the photo album market with a market share of 37.72% in 2024. Moreover, the photobook & album market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.64 billion by 2032, driven by growing popularity of photography to intensify product adoption.

List of Key Players Mentioned in the Report:

• Shutterfly LLC. (U.S.)
• Mixbook (U.S.)
• Reischling Press, Inc. (U.S.)
• PikPerfect (Switzerland)
• Folio Albums Ltd. (U.K.)
• Moleskine S.p.A. (Italy)
• nPhoto (Poland)
• Canvera Digital Technologies Pvt. Ltd. (India)
• Albelli BV (Netherland)
• Kolo (U.S.)
• Midwest Photographic Resource Center Inc. (U.S.)

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Segments:

Flash Mount Segment to Gain Prominence Owing to Superior Quality

Based on product type, the market for photobook and album is subdivided into flush mount, lay flat, and standard. The flush mount segment is anticipated to depict an appreciable surge over the forecast period. The rise is attributed to the durability and superior quality of the product.

Landscape Segment to Depict Notable Growth Due to Advantage of Better Storage

On the basis of size, the market for photobook and album is segmented into square, landscape, and portrait. The landscape segment held a commendable share in the market and is anticipated to register substantial growth over the estimated period. The rise is driven by increasing product usage for better storage of family and wedding photographs.

Report Coverage:

The report provides a coverage of the major trends augmenting the global market share throughout the forecast period. It further furnishes an analysis of the vital aspects impelling industry expansion over the estimated period. These insights have been provided after extensive research and data collation from credible sources.

Drivers and Restraints:

Market Share to Rise Due to Growing Smartphone Demand

One of the key factors propelling the photobook and album market growth comprise an increase in smartphone demand for capturing special life moments. The product demand is further supported by the escalating popularity of Instagram, Snapchat, and other applications.

However, the market expansion is likely to be hampered by increasing advancements in cloud storage technology.

Regional Insights:

North America to Emerge as a Leading Region Driven by Rising Involvement in Journalism Activities

The North America photobook and album market share is expected to depict appreciable expansion over the anticipated period. The rise is driven by an upsurge in journalism, blogging, and photography activities in the region.

The Asia Pacific market is anticipated to register considerable growth throughout the estimated period. The surge is impelled by the increasing number of tablet, camera, and smartphone device users in India and China.

Furthermore, the Europe market is slated to record notable growth over the study period. The escalation is due to the growing product consumption in various countries such as France, Belgium, Germany, and the U.K.

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Competitive Landscape:

Industry Players Enter into Partnership Deals to Consolidate Market Position

Leading market participants are centered on the adoption of various steps to strengthen the industry position of their businesses. Some of the initiatives comprise merger agreements, acquisitions, and the rollout of new products. Additional steps include the formation of alliances.

Key Industry Development:

October 2024- Mixbook launched "Mixbook Movies," an AI-driven feature that transforms photo books into engaging videos. This innovation allows users to experience their photo book in a dynamic format while waiting for the physical version to arrive.

October 2024- Moleskine faced customer feedback regarding the quality of its paper, particularly in the American market, with users noting issues when using fountain pens.

May 2024- Shutterfly sold BorrowLenses, a rental company for high-end photography equipment, to Lensrentals for an undisclosed amount, as part of its strategic focus on core services.