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Smartwatch Market Size, Share, Forecasts Analysis, Company Profiles, Competitive Landscape and Key Regions 2028

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The global smartwatch market size was valued at around USD 18.62 billion in 2020. The market is projected to rise from USD 22.02 billion in 2021 to USD 58.21 billion by 2028 at 14.9% CAGR during the forecast period 2021-2028. Fortune Business Insights™ has delved into these insights in its latest research report, titled, “Smartwatch Market2021-2028.”

According to the study, consumers are likely to exhibit demand for technological devices to streamline fitness tracking, navigation, and notification checking. End-users, such as athletes and tech users, are likely to invest in advanced products. Amidst the COVID-19 pandemic, strategic approaches may change to gain a competitive edge in the landscape.

COVID-19 Impact

Emphasis on Well-being Amidst Pandemic to Boost Product Adoption

The onslaught of the COVID-19 pandemic prompted end-users to shift their attention towards health and well-being. Accordingly, manufacturers have bolstered the production of a smartwatch for men and women. According to the National Interest.Org, the global smartwatch industry witnessed a 20% surge in the first half of 2020. The trend will likely maintain the upward growth trajectory over the next few years.

Fortune Business Insights™ lists out all the smartwatch market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

  • Apple Inc. (U.S.)
  • The Samsung Group (South Korea)
  • Garmin Ltd. (U.S.)
  • Fitbit LLC (U.S.)
  • Huawei Technologies (China)
  • Fossil Group, Inc. (U.S.)
  • Polar Electro (Finland)
  • ASUSTek Computer Inc. (Taiwan)
  • LG Electronics (South Korea)
  • Xiaomi Inc. (China)

Report Coverage

The report is prepared rigorously with the use of qualitative and quantitative analysis. The use of primary sources, including interviews of stakeholders and suppliers, has propelled the integrity of the report. The report also includes secondary sources, including annual reports, SEC filings and studies published by notable organizations. The report also includes top-down and bottom-up approaches to boost estimations and product mapping

Drivers and Restraints

Burgeoning Youth Population to Underpin Growth Potentials

An exponential rise in youth population across emerging- and advanced- economies could boost smartwatch market growth during the forecast period. Gen Z and millennials have shown profound interest in fitness tracking products and devices. Moreover, rising consumer expenditure among developed economies has triggered product adoption. According to the Trading Economics, rising per capita income across Ireland, Luxembourg, the U.K. and Germany will augur well for the business outlook.

While smart wearables will continue to gain ground, the prevalence of substitute products, including luxury watches and regular devices could challenge smartwatch manufacturers.

Regional Insights

North America to Provide Compelling Opportunities with Rising Investments in Tech Devices

North America smartwatch market size was valued at around USD 7.13 billion in 2020 and will expand on the back of bullish investments in advanced products and devices. To illustrate, in September 2021, the U.S. Bureau of Labor Statistics stated that the average yearly expenditures for every consumer unit stood at USD 61,334. Moreover, in January 2020, the American Association of Retired Persons asserted that around 51% of older Americans claimed they purchased tech products in the past year.

Stakeholders are likely to inject funds into the European countries in the light of rising participation in physical activity. Moreover, youth consumers have exhibited a profound interest in smart wearable devices. Europe smartwatch market share will gain traction due to the dip in the youth unemployment rate in EU. The unemployment rate of the EU was 16.83% in 2019, a reduction from 18.02% in the preceding year. Millennials and the gen Z population are expected to seek wearables in the ensuing period.

Industry players are likely to envisage South America as a lucrative investment hub, partly due to the expanding penetration of the e-commerce industry. According to the Trade.Gov, the e-commerce industry in Brazil witnessed a 16% growth in 2019 compared to the preceding year. Emerging economies are likely to act as a catalyst towards the growth of advanced devices across the region.

Segmentation

In terms of operating system, the smartwatch market is segregated into android, IOS and others.

Based on end-user, the industry is segregated into male and female.

With respect to application, the market is fragmented into checking notifications, running, cycling, swimming and others.

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, South America and the Middle East and Africa.

Competitive Landscape

Industry Participants to Infuse Funds into Organic and Inorganic Strategies to Gain a Competitive Edge

Industry participants are expected to emphasize mergers & acquisitions, technological advancements, product rollouts and R&D activities. The competitiveness of the market is such that leading companies could invest in geographical expansion and product offerings.

Key Industry Developments

  • September 2021: Samsung announced its smartwatch operating system partnership with Google to help better compete with Apple products.
  • August 2020: Fitbit declared the launch of its Fitbit Sense smartwatch, which comes with advanced health features.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/smartwatch-market-106625

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Proton Preve, the story of the first “international car” of the original manufacturer

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The Proton Preve 2022 was a C-Segment model launched by the original manufacturer at the time, called the Global Car, and built with the highest specifications of domestic cars at the time. The original manufacturer was also very dedicated to this car at the time, and even got the legendary F1 driver to endorse it, but unfortunately, the car ended up in production before even a minor facelift.

According to the information, in 2009, it was revealed that the original manufacturer was building a new touring car, and the car was called Persona R, the Persona’s replacement, on the website at the time. The Tuah concept car was presented at the KLIMS 2010 and was seen as a prototype for the Persona R. By the standards of the time, the car was truly stunning in design.

After the Kuala Lumpur International Motor Show, a prototype of the car began to test on the road, and more news about the car came to light, including that the car was called P3-21A (P3 is the platform code, 21A is the model number), the car was built using Exora’s new scalable platform (equivalent to the current modular platform concept), and the car would adopt the then-popular turbo engine design in order to enter the European market. In order to enter the European market, the car will adopt the then-popular small exhaust turbo engine design and will have direct injection, but in 2011 the launch of the Exora Bold minor modification confirmed that the engine does not have direct injection technology, but consumers are still looking forward to this car, after all, from the Persona in 2007 to the Saga BLM in 2008, the Exora in 2009, the Inspira in 2010 Inspira all had a good response in the market, so this car, which was reportedly scheduled to be released in 2011, naturally earned a lot of attention.

In 2012, Proton began to announce details of the car, including the use of a turbocharged engine, the top version with four airbags, equipped with ESP (a rare feature in domestic cars at the time), and the introduction of hot-pressed steel up to 1480 MPa, and the NCAP 5-star standard, before the launch of the car reached the peak of its momentum, but half a month before the launch The Elantra MD was also launched in China, and because of its price advantage, the launch of the P3-21A was somewhat affected.

With the endorsement of former F1 champion driver Jean Alesi, the P3-21A was officially launched on April 16, 2012, with a total of three models, namely 1.6L IAFM+ MT, 1.6L IAFM+ CVT, and 1.6L Turbo CVT, of which the top version has shift paddles and manual shift mode, with a maximum horsepower of 138 Hp and peak torque of 205 Nm. It has a maximum horsepower of 138 Hp and peak torque of 205 Nm, while its transmission is also from Punch’s VT3 model, and according to official data, the car accelerates from 0-100 in 9.6 seconds.

The biggest question after the launch of this car is why the turbocharged engine horsepower and torque are so low? First of all, the car does not have direct injection technology, and then a little in order to meet the European emissions standards and marketed in Europe (although the European Proton has been released in the preview, but finally did not market in Europe) so the original factory reduced the horsepower output, but the initial release, the car sales results are still good, the average monthly sales can reach 2,000 units, and according to Wikipedia, the car sold 50,000 units worldwide in the first two years, which is not a bad achievement.

Subsequently, the ANCAP, the Australian NCAP agency, also announced the test results of the Preve, 5 stars, which is also the Proton’s best overseas test results, but at the time the Australian version of the Preve and China’s version has very obvious “difference in treatment”, mainly because China’s version is 4 airbags, the ordinary version only double airbags, while the Australian version is actually 6 airbags! This caused dissatisfaction among consumers at the time, so in 2013 the original manufacturer also launched a version of 6 airbags in China and corrected some problems, this version is also known as Preve ANCAP by the owners.

The car did perform well in terms of handling and safety, but because of some subsequent quality problems, such as the OCH problem that CamPro Turbo owners considered a nightmare, the car’s sales declined, so it almost became an invisible model, and the original manufacturer actually tried to continue the life of this car, and in 2018 the original manufacturer launched a minor upgrade of the Preve Version, the basic details without much improvement, mainly in the sound insulation and other places on the line to strengthen, and reduce the price, became the cheapest turbo models in our market at the time, but not much help for sales.

It is reported that Geely did not want to give up this model when they took over the Proton, because they felt that this model still had great potential, but because the two sides included a four-door saloon, positioning and Preve is very close, because the Preve and its brother Suprima S did not survive the minor revision was forced to stop production. It is reported that the successor to the Preve, codenamed SS11, will be released in China in the second half of this year, is a new generation of the Dihao, and will be released in 2022 in China, using a 1.5L turbocharged engine, but the positioning of the vehicle is B + Segment, so the price side can be guaranteed, only this car will not continue to use the name Preve, or as Will, the car continues to use the name Preve or, as rumored, the name S50? We need the official answer to us!

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Have the Best Plumbing Services With the Best Company

Plumbing services are not linked with the common plumbing issues. They are much more than that. Bathroom Installation falls in this category as well.

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Bathroom Installation Southampton

Comprehensive plumbing services

Most of the time we think that plumbing services are only limited to the problems associated with the plumbing system. We forget that the installation of bathroom or kitchen sink etc requires the services of a plumber as well.

In case you want any of such services and you are based in Southampton then you are in luck because we are offering Bathroom Installation Southampton service under which you can have excellent bathroom Installation services from us.

Even if you are in Winchester you could have comprehensive services under our plumbing Winchester service. So, what are you waiting for reach us anytime for our great and detailed plumbing services in your area? We assure you that you won’t regret choosing us for your work.

As we said plumbing work is not limited so you need to know that you need to have the right plumbing services for your bathroom or kitchen installation. In this regard, we can help you.

Our professional and certified plumbers will provide you with the work that you need for your perfect bathroom and kitchen.

Significance of right installation services

You may think that anyone can do the installation of your bathroom or kitchen. Most of the time people expect their house builders to install it for you when it is not right.

You need to have professional services for your kitchen or bathroom Installation only then you could expect to have a problem-free bathroom and kitchen.

As the kitchen and bathroom are the most important places in your house, so you need to have the services that can do your work quickly and effectively. Let’s say you have only one bathroom at your place then you can’t wait for days to be ready to use.

So, you need the right professionals from the very beginning to have the work that will let you use your bathroom and kitchen as quickly as possible.

If you want to have such quick and efficient services then you can rely on us. Our professional workers will make sure that you have the right work in no time. All you need to do is reach us and our professional plumbers will be on your way.

Bathroom Installation Southampton
Bathroom Installation Southampton

Common plumbing problems 

Numerous plumbing problems could occur to you. However, the solution is simple that is you must have the right plumbers for your work. Some of the common plumbing issues that cause problems are;

Leaks

This is one of the most common and annoying plumbing problems that happen quite often. Sometimes, it happens because of old pipes while other times it happens because of some external factors.

People think that leaks happen only at joints but it is not true. They could happen anywhere. Any shear on the pipe can turn into leaks. So, in that case, instead of finding a quick fix by yourself call the respective person who could help you with it.

In this case, the right person to call is only the plumbers. You need to have the services of the right company so that you could deal with this problem as quickly as possible.

Dripping faucets

This happens mostly because of the unnecessary force which we exert while opening and closing a tap. This problem could be avoided if you are careful while dealing with the taps.

However, in some cases no matter how careful you are some problems are bound to happen. If that kind of situation happens to you then you can reach us anytime.

We provide Plumbing Winchester services that are best in every way, so you won’t have to deal with any problem as our professional plumbers will deal with the problem from its root cause so that the respective problem won’t happen again.

Pipe Burst

Last but not least on our list of common plumbing problems is the pipe burst. This problem could occur anytime because of many factors, so pointing out one or two factors won’t be enough for this problem.

You can’t do anything about it by yourself so you need to have immediate assistance to deal with this problem. In this regard, you can reach us anytime we would be glad to help you.

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Business

Oral Care Market Business Opportunities, Top Manufacture, Growth, Share Report, Size, Regional Analysis and Global Forecast to 2027

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The global oral care market size is projected to reach USD 38.89 billion by the end of 2027. Increasing awareness regarding the importance of dental hygiene will lead to wider product adoption. According to a report published by Fortune Business Insights, titled Oral Care Market Size, Share & Industry Analysis, By Product Type (Toothbrush, Toothpaste, Mouthwash, and Others), Application (Household and Commercial), Distribution Channel (Hypermarket/Supermarket, Online, and Others), and Regional Forecast, 2020-2027,” the market was worth USD 30.91 billion in 2019 and will exhibit a CAGR of 3.1% during the forecast period, 2020-2027.

Oral care products are widely used to maintain hygiene as well as conduct a few procedures that are used to maintain oral hygiene. The changing consumer habits towards oral care have created a huge demand for oral care products across the world. The presence of several large-scale companies in the dental sector will emerge in favor of market growth. Increasing awareness regarding the importance of oral care and maintaining proper hygiene will create several growth opportunities for the companies operating in the market. The rising incidence of mouth cancer resulting from improper dental care has contributed to the growing awareness regarding its importance. Moreover, recent product innovations have also played a huge part in the growth of the market.

List of companies profiled in the report:

  • Colgate Palmolive Co. (New York, U.S.)
  • Unilever (London, U.K.)
  • Procter & Gamble Co. (Ohio, U.S.)
  • Henkel AG & Co. KG aA (Düsseldorf, Germany)
  • Johnson & Johnson (New Jersey, U.S.)
  • GlaxoSmithKline Plc. (Brentford, U.K.)
  • Lion Corporation (Tokyo, Japan)
  • Church & Dwight Co. Inc. (Ewing Township, U.S.)
  • Reckitt Benckiser Group Plc. (Slough, U.K.)
  • Patanjali Ayurved Limited (Haridwar, India)

Decreasing Labor Availability to Affect Manufacturing Units in Oral Care Sector

The recent coronavirus outbreak has created a sense of panic across the world. The measures taken to curb the spread of the disease have had an adverse effect on several businesses across the world. The strict measures such as lockdowns and social distancing practices have urged people to stay indoors. As a result, there has been a massive shortage in labor and manual workforce. The Covid-19 pandemic has thus, affected several manufacturing units in the oral care market in the past few years. Having said that, the e-commerce services have provided a platform for growth for a few sectors in the oral care industry.

Increasing Number of Company Mergers and Acquisitions will have a Huge Impact on Market Growth

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of company mergers and acquisitions has made the highest impact on the growth of the market. Accounting to the massive potential held by oral care products, several large scale companies are looking to acquire SMEs with the bid to establishing a stronghold in the market. In June 2019, Unilever announced that it has completed the acquisition of Fluocaril and Parogencyl oral care businesses in France and Spain respectively. This acquisition is consequential to the company’s plans of strengthening its global footprint. Increasing number of such company acquisitions will have a massive impact on the growth of the overall market in the coming years.

Segmentation:

By Product Type

  • Toothbrush
  • Toothpaste
  • Mouthwashes
  • Others (Teeth Brighteners, Floss, etc.)

By Application

  • Household
  • Commercial

By Distribution Channel

  • Supermarket & Hypermarkets
  • Convenience Stores
  • Online Channels
  • Others (Pharmacies, Departmental Stores, etc.)

Asia Pacific to Emerge Dominant; Increasing Geriatric Population will Emerge in Favor of Market Growth

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The rising geriatric population in countries such as India, China, and Japan will create several growth opportunities for the companies operating in the market. Moreover, the preference towards herbal oral care products will create several growth opportunities for the companies operating in this region. As of 2019, the market in Asia Pacific was worth USD 10.83 billion and this value is projected to rise at a considerable pace in the coming years.

Key Industry Developments:

January 2020: Colgate Palmolive Co. announced that it has completed the acquisition of Hello Products LLC. The company is engaged in premium oral care business and through its acquisition, the company will look to strengthen Colgate’s footprint in the market

Browse Summary of This Research Report:

https://www.fortunebusinessinsights.com/oral-care-market-103533

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