Syndicated Research Studies

Whiskey Market Growth & Trends The global  whiskey market  size is expected to reach USD 114.26 billion by 2030, registering a CAGR of 5.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. Growing product usage in the artistic preparation of alcoholic drinks is the key factor driving the industry. Blended whiskey is likely to remain the most lucrative product segment over the forecast period due to ongoing experimental activities to produce innovative drinks. The market has also experienced a high demand for rye-based and single- and double-malt whiskey rich in new flavors. Use of malt whiskey in cocktail formulation is anticipated to increase the demand further. The segment is predicted to experience a steady CAGR over the next few years. The overall whiskey market has witnessed a shift from branded and premium drinks to super-premium and high-end premium drinks produced by skilled craftsmen using traditional processes. Get a preview of th...

Second-hand Furniture Market Growth & Trends The global  second-hand furniture market  size is anticipated to reach USD 56.66 billion by 2030, growing at a CAGR of 7.7% during the forecast period, according to a new report by Grand View Research, Inc. The surge in environmental awareness and a heightened focus on sustainable lifestyles is encouraging consumers to opt for used furniture, driving the market growth. Cost-effectiveness is another key factor driving the demand for second-hand furniture. Collaborations and partnerships play a prominent role in the second-hand furniture industry, online platforms such as Made.com and Geev are facilitating seamless buying and selling of second-hand furniture through a partnership, contributing to market growth by providing convenience and accessibility to consumers. The collaboration between online marketplaces and furniture providers, home retailers, and home improvement centers empowers customers to embrace circular econo...

Power Transmission And Distribution Market Growth & Trends The global power transmission and distribution market size was valued at USD 330,287.71 million in 2023 and expected to expand at a CAGR of 3.9% from 2024 to 2030. The market is experiencing significant growth, driven primarily by the increasing demand for electricity, particularly in emerging economies. Rapid industrialization, urbanization, and population growth are key factors boosting the need for expanded and upgraded transmission and distribution (T&D) infrastructure. The shift towards renewable energy sources, such as wind and solar, is also driving investments in smart grids and advanced T&D systems to efficiently integrate and manage renewable energy into the grid. Technological advancements in digitalization, automation, and the implementation of smart grids are transforming the traditional T&D landscape. These innovations allow for better real-time monitoring, control, and optimization of the power...

Men’s Wear Market Growth & Trends The global  men’s wear market  size is anticipated to reach USD 923.85 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.8% from 2024 to 2030. The demand and preference for men’s wear are increasing due to several key factors and trends shaping the market. One significant driver is the growing fashion consciousness among men. As societal norms evolve, men are becoming more aware of their personal appearance and style. The influence of social media, fashion shows, and magazines has heightened interest in men’s wear, encouraging men to experiment with different styles and trends. This shift has led to a more diverse range of clothing options available to male consumers, making fashion an integral part of their lives. Rising purchasing power and disposable income, particularly in emerging economies like China and India, have also contributed to the increased demand for ...

Heat Pump Market Growth & Trends The global  heat pump market  size is anticipated to reach USD 148.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 9.5% from 2025 to 2030. Favorable government policies for energy-efficient solutions and lowered carbon footprint are expected to boost the market growth over the forecast period. In addition, consumer-driven demand for energy-efficient heat pumps to reduce energy consumption and lower operating expenses are expected to benefit the overall market over the forecast period. The emergence of climate and energy as a political priority has spurred an increased interest in heating and energy efficiency gains to be realized within buildings. Increasing disposable income has led to the growing demand for technologically advanced equipment and comfortable housing solutions, which is further projected to boost the demand for heat pumps. These factors are expect...

Folding Bicycle Market Growth & Trends The global  folding bicycle market  size is expected to reach USD 1,410.3 million by 2030, registering a CAGR of 7.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. Rising importance of cycling as a recreational activity among the millennials in order to improve body fitness is expected to have a strong impact on the market growth. Furthermore, governments of various countries including U.S., Germany, U.K., and Spain are propelling corporate institutions to spread awareness among their employees regarding using bicycle for daily transportation. This, in turn, is expected to promote the scope for folding bicycle over the next few years. Electric folding bicycles are expected to expand at the fastest CAGR of 10.0% from 2019 to 2025. These products are considered to be convenient and energy efficient, which do not harm the environment. Growing cost of conventional energy resources such as petrol and dies...

CAR T-cell Therapy Market Growth & Trends The global  CAR T-cell therapy market  size is expected to reach USD 15.97 billion by 2030, expanding at 23.32% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. CAR T-cell therapy presents a paradigm shift in the treatment of blood cancers such as lymphoma, multiple myeloma, and leukemia by utilizing the patient’s immune system to terminate cancer cells. The rising prevalence of cancer types such as multiple myeloma in developing countries is driving the market. Rampant regulatory support in the form of product approvals and an intensive product pipeline of drugs further strengthens the industry. For instance, as per the U.S. National Library of Medicine April 2023, around 310 studies pertinent to CAR T-cells are being conducted across early phase I, phase I, and phase II in various parts of the world. Various players are entering into strategic partnerships along with geographic expansion to n...

U.S. Laundry Care Market Growth & Trends The  U.S. laundry care market  size is expected to reach USD 35.19 billion by 2030, and is projected to grow at a CAGR of 6.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market has experienced significant evolution as consumers have become more focused on product effectiveness and convenience. With brands like Persil and Tide continuing to dominate, smaller players have also found their niche by offering unique formulations and sustainable packaging. For example, Carbona, a brand known for its long-standing presence in the cleaning industry, recently entered the laundry detergent market with waterless detergent sheets, a product aimed at reducing environmental impact. This growing interest in eco-friendly options has encouraged both established and new brands to focus on sustainability without compromising on cleaning performance. Despite the rise of smaller competitors, leading brands like ...

U.S. Beauty And Personal Care Products Market Growth & Trends The  U.S. beauty and personal care products market  is anticipated to reach USD 155.44 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 7.1% from 2025 to 2030. The market is witnessing robust growth, largely propelled by evolving consumer preferences, increasing awareness of product ingredients, and a strong shift toward sustainable and ethical consumption. In recent years, there has been a pronounced focus on wellness, extending beyond traditional beauty parameters, driving demand for products that align with a holistic and health-oriented lifestyle. As of 2023, this market has been expanding steadily, driven by the rise in disposable income and changing lifestyles across diverse demographic groups. This growth trajectory has created a fertile environment for innovation, enabling companies to diversify their offerings to cater to increasingly ...

Surgical Robot Systems Market Trends The global surgical robot systems market size was estimated at USD 11.48 billion in 2024 and is projected to grow at a CAGR of 12.4% from 2025 to 2030. The market is driven by several factors, such as technological advancement, the rising preference for minimally invasive procedures, improved outcomes, greater precision, and reduced human errors in surgical procedures. This development is a significant advancement in medical technology, combining innovation with a commitment to enhancing the safety and efficacy of surgical operations. Moreover, an increasing number of knee and hip replacement surgeries due to rising cases of osteoporosis and arthritis are anticipated to drive growth. For instance, according to data published by the Agency for Healthcare Research and Quality, over 450,000 total hip replacement surgeries are conducted annually in the U.S. The rising demand for minimally invasive procedures has been a key driver for adopting surgica...

Smart Lock Market Growth & Trends The global  smart lock market  size is estimated to reach USD 8,136.9 million by 2030, registering to grow at a CAGR of 19.7% from 2025 to 2030 according to a new report by Grand View Research, Inc. Key factors driving the growth of the smart lock market globally include increased global internet penetration, increased consumer awareness about advanced security systems, and higher reliance on mobile applications to make daily processes easier. Smart locks without power locks use Wi-Fi or Bluetooth to connect to other home appliances installed. Locks can be operated by a special power cord or by installing a smart lock app on the phone. The user can send temporary keys to people, giving them home access within a specified time. In addition, smart lock technology is easy to use and unique compared to conventional methods. For instance, security solutions with passwords, ID codes, machine keys, and code names are tedious to take care o...

Saffron Market Growth & Trends The global  saffron market  size is anticipated to reach USD 959.38 million by 2030, growing at a CAGR of 7.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is expected to experience significant growth in the forecast period due to increasing demand for the spice in medical and cosmetic applications. Saffron is a potent source of antioxidants that provide numerous health benefits, with active compounds such as picrocrocin, safranal, and crocin contributing to reducing oxidative damage and inflammation in the brain. Its antioxidant, anti-inflammatory, and memory-enhancing properties are likely to drive market growth. In addition, the cosmetics industry uses saffron as a natural UV-absorbing agent. Image processing technology, pilot scale, and electric nose are some of the key technologies used in processing saffron. Manual separation of stigmas has been the norm, but the image proces...

Queue Management System Market Growth & Trends The global  queue management system market  size is anticipated to reach USD 1.22 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 6.4% from 2024 to 2030. The rapidly increasing population, customer expectations, technological advancements, and the need to shorten on-site customer wait times are the key factors fueling the market growth. The COVID-19 pandemic significantly impacted various industries and sectors, leading to changes in consumer behavior, operational strategies, and service delivery models. With the need to maintain physical distance to prevent the spread of the virus, queue management systems became essential in managing crowds and ensuring social distancing in public spaces, retail outlets, and service centers. It increased demand for queue management solutions that helped maintain safe distances between individuals while waiting in line...

Predictive Maintenance Market Growth & Trends The global  predictive maintenance market  size is projected to reach USD 60.13 billion by 2030, registering a CAGR of 29.5% from 2023 to 2030, according to a new study by Grand View Research, Inc. The advancement in technologies such as AI and ML has been a major factor in driving the growth of the predictive maintenance market over the forecast period. AI and ML technologies enable analysing historical data, identifying patterns, and offering accurate machine failure and maintenance predictions. AI technology will continue to improve over time as it receives more data, thereby helping improve the accuracy and reliability of predictive maintenance solutions, which would help companies reduce machinery breakdown and halt production, which helps improve operational efficiency and productivity. The application of predictive maintenance solutions in industries such as healthcare, energy, transportation, and others has been anoth...

Perovskite Solar Cell Market Size & Trends The global   perovskite solar cell market size was estimated at USD 218.44 million in 2023 and expected to grow at a CAGR of 72.7% from 2024 to 2030. Technological advancements have led to significant improvements in power conversion efficiency, with perovskite PV cells exceeding most thin-film technologies in small-area lab devices. The ability to tune perovskites to respond to different colors in the solar spectrum by changing material composition is another advantage. The growth of the perovskite solar cell market is driven by several key factors. Technological advancements have led to significant improvements in power conversion efficiency, with perovskite PV cells exceeding 25% in lab devices. The ability to tune perovskites to respond to different colors in the solar spectrum by changing material composition is another advantage. Perovskites also offer the potential for faster capacity expansion than silicon PV due to scalable...

Non-alcoholic Wine Market Growth & Trends The global  non-alcoholic wine market  size is expected to reach USD 3.78 billion by 2030, growing at a CAGR of 7.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth is significantly influenced by the rising emphasis on wellness, a noticeable shift towards healthier lifestyles, and an increased awareness of the health risks associated with traditional alcoholic beverages. Consumers are increasingly prioritizing their health and well-being, leading to a surge in demand for alternatives that offer the experience of enjoying wine without alcohol content. Manufacturers in the non-alcoholic wine industry are actively channeling investments into research and development (R&D) initiatives. The objective is to manufacture high-quality products that align with the evolving preferences of consumers. This strategic focus is geared towards capturing a larger market share by presenting a...

Managed Security Services Market Growth & Trends The global  managed security services market  size is expected to reach USD 87.5 billion by 2030, growing at a CAGR of 15.4% from 2023 to 2030, according to a recent report from Grand View Research, Inc. Factors such as the growing demand for outsourcing services across various BFSI, healthcare, manufacturing, IT & telecommunication industries, and the enterprises focus on their key competencies are expected to drive the market’s growth. Businesses rely on managed security service providers (MSPs) to avoid the costly burden of maintaining their IT infrastructure and keep pace with constant technological dimensions. By leveraging standardized products, reducing time to market, and improving service quality, managed service providers helps an organization in saving costs. MSPs have created a vast space in business operations by providing advanced cybersecurity tools to predict and mitigate cyber threats. Additiona...