Body Fat Reduction Market to Witness Robust Growth by 2028

March 14, 2023/Industry News Global/ -- This new report from Stratview Research analyses the Body Fat Reduction Market over the forecast period from 2022 to 2028. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.

Body Fat Reduction Market Overview:

The body fat reduction market was estimated at US$ 8.8 million in 2021 and is expected to grow at a CAGR of 10.1% during 2022-2028 to reach US$ 17.31 million in 2028.

Drivers

The following are the major players in the body fat reduction market:

• Amirlak Plastic Surgery
• JK plastic surgery center
• Apollo cosmetic clinics
• Elite Body Sculpture
• The Plastic Surgery Clinics
• Transform Cosmetic Surgery
• VIDA Wellness & Beauty
• Elite Body Sculpture
• Waldman Schantz Plastic Surgery Centerm
• VLCC Wellness & Beauty Center

Segment Analysis

The market is divided based on procedure type, and end user. On the basis of procedure type, the market is further segmented into surgical and non-surgical. The surgical segment is further divided into liposuction, abdominoplasty. The non surgical segment is divided into cryolipolysis, ultrasound, laser lipolysis.

On the basis of end user, the market is segmented into hospitals, aesthetic clinics, and others. In 2021, the hospital segment led the body fat reduction market. According to the American Society of Plastic Surgeons, around 18 million people in the United States underwent minimally invasive aesthetic procedures in 2018, with the number gradually increasing since then. Because medical facilities in many established and developing countries are robust, they are well equipped with cutting-edge technology and high-end technologies. A considerable number of trained aesthetic practitioners are linked with hospitals since they provide all of the necessary facilities to carry out such treatments. Furthermore, consumer choice comes into play, as people feel more secure having treatments from a well-known hospital because they have insurance coverage for such treatments. Several specialty hospitals have collaborations with reputable organisations.

Aesthetic clinics, on the other hand, are expected to expand rapidly during the forecast period. Aesthetic clinics are becoming more popular as a result of their higher service quality, personalised focus to clients, as well as lower treatment costs compared to other venues. Aesthetic clinics also provide comprehensive treatment for skin, hair, body, and facial disorders, as well as basic spa and beauty treatments like waxing and manicures, dentistry, and removal of skin tags, warts, freckles, birthmarks, among others. This is the key indirect source of market growth.

The body fat reduction market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to be the largest body fat reduction market region in 2021. North America dominated the body fat reduction market and accounted for the largest revenue share in 2021, owing to technological developments and an increase in the number of people choosing for procedures in the industry. The region has a high level of aesthetic awareness, and the number of people opting for cosmetic procedures has increased as well. According to estimates from the International Society of Aesthetic Plastic Surgery, the region has the largest pool of cosmetic professionals in the country, and it has one of the highest treatment volumes for body fat reduction treatments. During the forecast period, body fat reduction is expected to grow at the quickest rate in Asia Pacific. This is mainly attributable to the region's increasing urbanisation. Because this location has such a vast population, many individuals are interested in cosmetic enhancement. Furthermore, the region has a strong social media presence, which, along with low treatment prices and high-quality procedure service, is driving market growth. In 2019, approximately 11,184 surgical body fat reduction procedures were performed in India.

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Covid-19 Impact on Automotive Motor Oil Market Pegged for Robust Expansion by 2027

March 14^th,2023/IndustryNewsGlobal/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Automotive Motor Oil Market.

Automotive Motor Oil Market report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The global motor oil market is expected to grow steadily over the forecast period. According to estimates, the American automobile motor oil market dominates the industry. Because of the ongoing system and critical role in this region, the market in America has significant entryways for expansion in the test time span. In light of Europe's developing vehicle region, the public authority agreed to focus on spread abatement and create a sensibility regulation to manage fuel release. Overall, the automotive motor oil market is likely to rebound at a healthy CAGR of 3.8% in the long run.

Segment Analysis

By Type

The market is segmented as conventional, synthetic blend, full synthetic, and high-mileage. The synthetic blend segment is expected to remain the dominant as well as the fastest-growing type in the market during the forecast period. The synthetic blends market had the largest market share in 2021. Semi-synthetic oil refers to a synthetic mixture made up of conventional and synthetic oil. This oil is created to have some of the benefits of synthetic and regular oil while having fewer drawbacks. The synthetic mixture improves performance and protection significantly. 

By Vehicle Type

The automotive motor oil market is segmented as passenger car and heavy-duty commercial vehicle. Passenger car is expected to remain the largest and fastest-growing vehicle type in the market during the forecast period owing to the increasing sales of automotive motor oil. The rising middle and upper middle classes are largely responsible for the increase in passenger car demand. The demand for automotive motor oil is expected to increase with the expansion of the economies of developing nations, the anticipated increase in global purchasing power, and the focus on lowering fuel consumption, vehicular pollution, and overall vehicle maintenance and operating costs.

By Channel Type

The market is segmented as quick lube, independent workshop, maintenance/repair shop, FWS/OEM dealership, service station, and truck stop. The quick lube segment is expected to remain the dominant as well as the fastest-growing sales channel type in the market during the forecast period. The quick lube market segment has the largest market share. Customers can maintain their vehicles at the fast lube service shop quickly, easily, and with the assistance of trusted professionals. The quick lube service centre is primarily concerned with service quality improvement, staff training, and connecting manufacturers, dealers, and repair shops.

Regional Analysis

North America is expected to remain the largest market for automotive motor oil during the forecast period. With an increase in automobile demand, particularly in the US, the market for automotive motor oil is anticipated to expand throughout the Americas. The region has grown significantly, and it is expected that growth will continue over the forecast period. These countries' relative abundance of premium and luxury passenger cars drives the demand for automotive motor oil. Demand for fuel-efficient cars is expected to increase as the number of auto repair shops and service centres increases, and the demand for automotive motor oil is expected to grow as consumer awareness of oil changes rises.

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Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Automotive Motor Oil Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

About Stratview Research

Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

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Automotive Brake Shoe Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028

March 13, 2023/Industry News Global/ -- This new report from Stratview Research analyses the Automotive Brake Shoe Market over the forecast period from 2023 to 2028. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.

Automotive Brake Shoe Market Overview:

The automotive brake shoe market is expected to grow at a promising CAGR of 7.2% during the forecast period.

Drivers

Most of the companies are deploying various strategies regarding product development & differentiation, pricing, branding, technology, and customized products to gain competitive advantage. 

The following are some of the key players in the market:

• Bosch Auto Parts
• BNA Automotive India Pvt. Ltd.
• ACDelco
• Meritor, Inc.
• Brake Parts Inc.

Automotive brake shoes are a type of brake pad that presses against the inside surface of a drum to stop a wheel's rotation. They are usually made of cast iron and can be organic or ceramic in nature. The friction caused by the brake shoe on the inner surface of the brake converts kinetic energy into heat and causes the drum to stop moving.

Segment Analysis

Vehicle Trends

The market is segmented as passenger cars, light commercial vehicles, and heavy commercial vehicles. Passenger cars are expected to be the largest segment during 2023-2028.

The changing lifestyle and increasing disposable income are one of the major factors driving the sales of passenger cars, which is expected to drive the demand for brake shoes during 2023-2028.

Product Trends

The market is bifurcated into leading/trailing, twin leading, and duo-servo. Twin leading brake shoe systems are likely to remain the most popular segment during the assessment period due to their high efficiency in forward braking and ability to operate without the use of a power brake booster.

All three types of systems use a similar composition, but their functions are different. Leading/trailing brake shoe system, for instance, is very common in the rear wheels of front-wheel drive systems.

Regional Analysis

Asia-Pacific is expected to remain the largest region in the market for automotive brake shoes during 2023-2028. Major global automakers prefer to source parts and components from Asia-Pacific as they are cheaper there than in other regions.

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About Stratview Research

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

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Stratview Research
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