The global cereal bar market valuation is anticipated to reach USD 31.2 Billion by 2031 at a CAGR of 7.9%. Owing to the rising consumer awareness about health, consumers are seeking healthy snacking options and hence it has driven the global cereal bars market heavily in the past few years. The product innovation through various flavors and ingredients such as nuts, and seeds have brought new opportunities for the global cereal bars market to grow in the upcoming years.
The rise in consumer...
The global articulated robot market is anticipated to reach a market valuation of USD 64.2 Billion by 2031 at a CAGR of 15.7%. The global articulated robot market is driven by the growing demand in industrial sectors to automate the manufacturing process to improve quality, and efficiency and reduce labor costs. Technological advancements such as artificial intelligence, and machine learning along with their integration with IoT and Industry 4.0 platforms provide real-time data analysis,...
The market size of the global cleaning robot market is expected to reach a valuation of USD 24.8 Billion by 2031 at a CAGR of 21.2%. The major factors that drive the market are the growth in demand for automated household appliances and the growth in the working population globally. The technological advancements in the robot industry and battery technology, coupled with the advent of artificial intelligence (AI), and machine learning are anticipated to bring multiple opportunities for the...
The global automotive drivetrain market is expected to expand to USD 384.5 Billion by 2031 at a CAGR of 6.3%. The rising sales of vehicles especially in the emerging economies is a major factor for the increased demand of automotive drivetrain in the past few years. Moreover, the advancement in drivetrain technologies coupled with the rise of electric vehicles across the globe has brought new opportunities for the global automotive drivetrain market for the upcoming years.
The growth and...
The global neuroprosthetics market is expected to expand to USD 42.5 Billion by 2031 at a CAGR of 16.2%. The rising number of patients suffering from several neurological, physiological, and cognitive disorders as a large part of the global population is aging is the major factor driving the overall neuroprosthetics market. The advancements in healthcare systems and medical science coupled with the advent of artificial intelligence (AI), have brought new opportunities for the global...
The global essential oils market is expected to expand to USD 44.5 Billion by 2031 at a CAGR of 12.2%. The market is driven by many other industries which make use of essential oils, especially food & beverage, and cosmetics & personal care. Its use in aromatherapy and alternative healing therapy is another factor for the increase in the sales of essential oils in the past few years. The traditional use of essential oils in third world countries is also a major factor driving the global...
The global smart healthcare market is expected to expand to USD 410.7 Billion by 2031 at a CAGR of 13.4%. The rising geriatric population coupled with the growing desire for patient-centered and individualized treatment is one of the major factors driving the global smart healthcare market. Additionally, with the advent of AI, IoT, and big data analytics, the global smart healthcare market's opportunities have propelled and are anticipated to surge heavily in the upcoming years.
The rising...
The global cannabidiol market is expected to expand to USD 24.2 Billion by 2031 at a CAGR of 16.2%. The global cannabidiol market is dynamic and ever-evolving, with several factors such as opportunities, regulatory bodies, opportunities, and restraints shaping its growth and development. The cannabidiol (CBD) market is driven worldwide by several important factors such as the growing legalization of cannabis-related products in many countries across the globe coupled with the rise in...
The global industrial pumps market size is expected to expand to USD 96.7 Billion by 2031 at a CAGR of 5.1%. The market expansion is heavily steered by industries such as water and wastewater treatment, oil and gas, chemicals, and power generation. Moreover, the use of smart pump technology in large-scale infrastructure projects has brought new opportunities in the global industrial pump market for the upcoming years.
There are numerous important factors contributing to the growth of the...
The global antihypertensive drugs market size is expected to expand to USD 33.5 Billion by 2031 at a CAGR of 2.7%. The poor lifestyles and disorders linked to it, coupled with the aging population base around the world is the major factor driving the market expansion of antihypertensive drugs. The advancements in personalized medicines leading to fewer adverse effects and better control of hypertension have brought new opportunities for the global antihypertensive drug market to propel in...
