The statistic shows the growth of the real gross domestic product (GDP) in India from 2020 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2024, India's real gross domestic product growth was at about 6.46 percent compared to the previous year. Gross domestic product (GDP) growth rate in India Recent years have witnessed a shift of economic power and attention to the strengthening economies of the BRIC countries: Brazil, Russia, India, and China. The growth rate of gross domestic product in the BRIC countries is overwhelmingly larger than in traditionally strong economies, such as the United States and Germany. While the United States can claim the title of the largest economy in the world by almost any measure, China nabs the second-largest share of global GDP, with India racing Japan for third-largest position. Despite the world-wide recession in 2008 and 2009, India still managed to record impressive GDP growth rates, especially when most of the world recorded negative growth in at least one of those years. Part of the reason for India’s success is the economic liberalization that started in 1991and encouraged trade subsequently ending some public monopolies. GDP growth has slowed in recent years, due in part to skyrocketing inflation. India’s workforce is expanding in the industry and services sectors, growing partially because of international outsourcing — a profitable venture for the Indian economy. The agriculture sector in India is still a global power, producing more wheat or tea than anyone in the world except for China. However, with the mechanization of a lot of processes and the rapidly growing population, India’s unemployment rate remains relatively high.
The trade, hotels, transport, and communication industries had the highest GVA growth rate of ** percent among all other industries in India in the financial year 2022. Overall, the services sector registered the highest growth compared to the agriculture and industry sectors. Public administration, defense and other services industries were expected to have a GVA growth of over **** percent in the financial year 2025.
What is GVA?
GVA or gross value added is the value of goods and services produced by an industry, sector, manufacturer, or region in an economy and is used to calculate the GDP of a country. GDP combines all GVA values across industries, levies taxes, and subsidies. While GDP calculates an overall number of goods produced by a nation, GVA measures the value added to the product. It is the difference between gross and net production. The sectoral analysis provided by GVA helps policymakers create sector-specific policies and make decisions regarding incentives. The National Statistical Office (NSO) publishes estimates of GVA in India on a quarterly and annual basis, elaborating on eight main types of commodities.
Services sector In India
India’s services sector covers a wide range of industries including trade, hotels, restaurants, IT-BPM, storage, communication, financing, insurance, real estate, business services, etc. Numerous government projects like Smart Cities, Clean Cities, and Digital India are strengthening the growth of the services sector. The sector also attracts significant foreign direct investment and contributes massively to exports, although agriculture accounts for the majority of the employed population.
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High Frequency Indicator: The dataset contains year- and month-wise compiled data from the year 2004-05 to till date on the growth index of eight core industries (ICI) of India from the base years 2004-05 and 2011-12. The eight core industries of India are Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity
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The Indian goods wagon market is poised for significant growth, driven by increasing industrialization, infrastructure development, and the government's focus on boosting the logistics sector. Between 2019 and 2024, the market likely experienced a robust expansion, with a Compound Annual Growth Rate (CAGR) that, considering typical infrastructure project timelines and economic growth in India, could conservatively be estimated at 8%. This growth trajectory is expected to continue through 2033, albeit potentially at a slightly moderated pace. Factors contributing to this positive outlook include the ongoing modernization of railways, increased demand for freight transportation to support e-commerce and manufacturing, and government initiatives promoting efficient supply chains. Furthermore, the adoption of advanced technologies, such as digital monitoring and predictive maintenance, is streamlining operations and driving efficiency gains. Looking ahead to 2029 specifically, the market size for Indian goods wagons is likely to reflect this sustained growth. Considering a potential slight deceleration in the CAGR to 7% in the later forecast period (2025-2033), and a base year market size (2025) estimated at 2500 million USD (this value is a reasonable estimate based on the knowledge of similar markets and growth rates), the market in 2029 could reach approximately 3800 million USD. This estimate assumes continued governmental investment in infrastructure and stable economic growth in India. However, potential restraints like fluctuations in raw material prices, global economic conditions, and competition from alternative transportation modes could influence the actual figures.
Being one of the largest offshoring destinations for different IT companies across the world, the business process management market in India is of considerable importance. The information technology/business process management (IT-BPM) sector had contributed a share of seven percent to the GDP of the country in fiscal year 2024. And it was estimated by 2025, the share would increase to 10 percent. BPM is more like a discipline than a process that incorporates methods to improve, analyze, automate and improve business processes. Domestic and internationalIn the financial year 2023, the IT sector had an export value of more than 193 billion U.S. dollars. The IT software and services, the leading segment in the export. The sector has been generating big figures domestically as well. The employment generated from the IT-BPM industry in the country exceeded five million in financial year 2023. What does the future hold?With a mixture of BPM and robotic process automation (RPA) in the picture, enhanced partnerships with the rapidly growing IT and BPM industry in India are quite likely to happen. The industry has been generating increased revenue over the years, and presumably with the fast-growing pace of the sector, the revenue generation will also be on the rise.
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The Indian commercial tire market is poised for significant growth through 2029, driven by a burgeoning logistics sector, expanding infrastructure development, and a rising demand for efficient and durable trucking solutions. India's robust economic growth and increasing e-commerce activity are key catalysts fueling this expansion. While the exact market size in 2029 requires more specific data, a reasonable projection based on a conservative average annual growth rate (CAGR) of 8% from a 2025 base of (estimated) ₹250 billion (approximately $30 billion USD) would place the market value at approximately ₹425 billion (approximately $51 billion USD) by 2029. This growth will be further influenced by the government's infrastructure investments, focusing on improved roadways and enhanced transportation networks. The market segmentation will see continued growth in radial tires due to their superior fuel efficiency and longer lifespan compared to bias-ply tires. However, challenges remain, including fluctuating raw material prices, particularly rubber and steel, and the potential for import restrictions influencing both supply chain dynamics and overall costs. The competitive landscape will see a mix of both domestic and international players vying for market share, leading to potentially increased innovation and competitive pricing strategies. The growth trajectory of the Indian commercial tire market will depend heavily on the stability of the Indian economy and continued investment in infrastructure projects. Further, the adoption of advanced tire technologies, including smart tires and improved tread designs, will be crucial in driving efficiency and reducing operational costs for fleet operators. Sustainability concerns are also gaining traction, with a growing emphasis on fuel-efficient and environmentally friendly tire solutions. This will likely push manufacturers towards innovative production methods and the use of sustainable materials. Regional variations in market growth are expected, with higher growth concentrated in major industrial and commercial hubs, while less developed regions might experience slower, yet still positive growth. Precise forecasting requires deeper dive analysis including granular data on individual market segments.
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De Beers sees an 8% rise in US diamond demand, as India overtakes China, offering growth glimpses despite market challenges.
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The India fish market size was valued at INR 1881.84 Billion in 2024. The industry is expected to grow at a CAGR of 10.20% during the forecast period of 2025-2034 to reach a valuation of INR 4970.48 Billion by 2034.
The India fish market value is increasing on account of inflating disposable incomes and changing food habits. The consumption of sea food is expected to increase over the forecast period. India is the third largest fish producing country, contributing 8% to the global fish production. In recent years, India has witnessed huge growth both in domestic consumption, as well as the export of fish, consequently enhancing the overall market growth.
According to the Ministry of Fisheries, Animal Husbandry & Dairying, India's fish production totaled 16.24 million tonnes, with 4.12 million tonnes from marine sources and 12.12 million tonnes from aquaculture. Since the launch of the Pradhan Mantri Matsya Sampada Yojana (PMMSY) in 2020-21, the country's overall fish production has increased, reaching 16.24 million tonnes in 2021-22, up from 14.16 million tonnes in 2019-20.
The expansion of the cold chain logistics is also a crucial factor propelling the India fish market development. This expansion has facilitated the storage and transportation of frozen fish and increased their availability in urban areas, where convenient and frozen food products are gaining popularity due to busy lifestyles.
As per the India fish market analysis, the HoReCa (Hotels, Restaurants, and Catering) sector contributes over USD 78 billion annually to India's economy, representing more than 7 percent of the GDP. Projections suggest the industry will exceed USD 280 billion by 2025. Implementing effective government policies and regulations for the unorganized sector could significantly boost the potential of the HoReCa industry, fostering further economic growth and stability.
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India Transportation Infrastructure Construction Market size is valued at USD 133.26 Billion in 2023 and is anticipated to reach USD 242.04 Billion by 2031, growing at a CAGR of 7.76% from 2024 to 2031.
Key Market Drivers: Foreign Direct Investment (FDI): The construction sector has attracted substantial FDI, with inflows surpassing USD 25 billion by 2024. The government’s policy of allowing 100% FDI in construction development projects has significantly increased capital availability for infrastructure projects.
Urbanization and Population Growth: Rapid urbanization is driving the demand for improved transportation infrastructure. With India's population projected to continue growing, there is an increasing need for efficient transport systems to support urban development.
Economic Growth Contribution: The construction sector contributes approximately 8% to India's GDP as of 2024. This economic significance highlights the role of transportation infrastructure in facilitating trade and economic activities. Public-Private Partnerships (PPPs): The government has increasingly relied on PPPs to finance and execute large-scale infrastructure projects, which have become a preferred model for developing transportation networks, including highways and airports.
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The India bundling food packaging equipment market is experiencing robust growth, driven by the expanding food processing industry, increasing demand for packaged food products, and a shift towards automated packaging solutions. The market is projected to reach a significant size, with a Compound Annual Growth Rate (CAGR) reflecting a healthy expansion trajectory. While precise figures for market size and CAGR are not provided, considering the growth of India's food processing sector and the global trend towards automation in packaging, a reasonable estimate for the market size in 2029 could range from $500 million to $750 million, with a CAGR between 8% and 12% from 2025 to 2029. This growth is fueled by factors such as rising disposable incomes, changing consumer preferences towards convenient and ready-to-eat meals, and government initiatives promoting food processing and export. The increasing focus on food safety and hygiene also contributes to the adoption of advanced bundling equipment. However, challenges such as high initial investment costs for sophisticated equipment and a lack of skilled labor in certain regions could potentially restrain market growth. Nonetheless, the long-term outlook remains positive, driven by sustained economic growth and increasing demand for efficient and cost-effective packaging solutions. The market segmentation is likely diversified, with variations based on packaging material type (plastic, paper, etc.), equipment type (automatic, semi-automatic), and application (dairy, snacks, beverages, etc.). Key players in the Indian market will focus on offering innovative solutions catering to specific food industry requirements while addressing the challenges related to cost and skilled workforce. This includes a potential shift towards affordable, user-friendly equipment and enhanced training programs to build a skilled workforce.
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The global investment advisory service market size was valued at approximately USD 80 billion in 2023 and is projected to reach USD 160 billion by 2032, growing at a compound annual growth rate (CAGR) of 8%. The market is experiencing substantial growth driven by increasing awareness about financial planning, rising demand for personalized investment advice, and the proliferation of digital advisory platforms. The importance of strategic financial planning in an increasingly complex financial landscape has been a significant growth factor, along with technological advancements that have made investment advisory services more accessible and efficient.
One of the primary growth factors for the investment advisory service market is the growing middle-class population worldwide, which is becoming more aware of the need for professional financial planning. As disposable incomes rise, individuals are increasingly seeking ways to invest their money wisely to ensure financial security and growth. Additionally, the aging population in many regions, particularly in North America and Europe, is driving the demand for retirement planning and wealth management services. This demographic segment is keen on securing their financial future, thus availing professional advisory services.
Technological advancements also play a crucial role in market growth. The advent of robo-advisors and AI-driven financial planning tools has made it easier for individuals to access investment advice at a lower cost. These digital platforms offer personalized investment strategies and real-time financial management, which attract tech-savvy customers and younger investors. Furthermore, these technologies enhance the efficiency and reach of traditional advisory firms, allowing them to serve a larger client base without proportionately increasing their operational costs. This convergence of technology and finance is significantly propelling the market forward.
Another notable factor contributing to the market expansion is the increasing complexity of financial products and market volatility. Investors, both individual and institutional, are seeking expert guidance to navigate the intricate world of financial markets. This need is exacerbated by global economic uncertainties and regulatory changes that necessitate specialized knowledge for effective financial decision-making. As a result, there is a growing reliance on professional advisors who can provide insights and strategies tailored to individual investor needs and risk profiles.
In addition to these factors, Risk Advisory Service is becoming increasingly essential for investors navigating the complexities of today's financial markets. These services provide critical insights into potential risks associated with various investment opportunities, helping clients make informed decisions. As financial markets become more volatile and unpredictable, the demand for risk advisory services is on the rise. These services offer a comprehensive analysis of market trends, regulatory changes, and geopolitical factors that could impact investment portfolios. By leveraging advanced analytics and expert insights, risk advisory services help investors mitigate potential losses and optimize their investment strategies. This growing emphasis on risk management is a testament to the evolving nature of financial advisory services, where understanding and managing risk is as crucial as seeking returns.
From a regional perspective, North America holds the largest market share, driven by a high concentration of wealth and a well-established financial advisory industry. The Asia Pacific region, however, is expected to witness the highest growth rate due to the rapid economic development, increasing disposable incomes, and growing awareness about financial planning in emerging economies such as China and India. Europe also presents significant opportunities, especially with the increasing demand for retirement planning services. Meanwhile, Latin America and the Middle East & Africa regions are showing promising growth trends as financial markets in these regions continue to develop and mature.
The investment advisory service market is segmented by service type into financial planning, portfolio management, tax planning, estate planning, and others. Financial planning services are essential for individuals and institutions to meet their financial goals and ensure long-term
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The Indian bovine serum market is poised for substantial growth by 2029, driven by a burgeoning pharmaceutical and biotechnology sector, increasing research and development activities, and rising demand for high-quality cell culture media. While precise figures for 2029 are unavailable without specific market research data, we can project a reasonable estimate based on global trends and India's economic growth. Assuming a conservative Compound Annual Growth Rate (CAGR) of 8% – aligning with the growth observed in similar biopharmaceutical markets in developing economies – and considering a current market size (estimated for 2025), we can anticipate a significant expansion by 2029. The market's growth will be primarily fueled by the increasing adoption of bovine serum in various applications, including vaccine production, cell culture technologies, and diagnostic assays. Further segmentation within the market, based on serum type and application, will drive specialized production and sales, resulting in a diversified market landscape. Government initiatives supporting the pharmaceutical and biotech industry in India will also play a crucial role in enhancing market growth. Challenges, however, may include sourcing high-quality raw materials and maintaining consistent serum quality and production standards. The projected growth in the Indian bovine serum market will likely be uneven across different regions. Larger metropolitan areas with established pharmaceutical and biotechnology hubs will witness higher demand compared to less developed regions. Furthermore, the increasing focus on regulatory compliance and stringent quality control measures will shape market dynamics, encouraging the adoption of advanced technologies and potentially leading to consolidation among market players. The market will continue to see an increased demand for customized serum products tailored to specific cell lines and research applications, driving innovation and further specialization within the industry. The coming years will see a rise in competition, with both domestic and international companies vying for market share, fostering innovation and price competitiveness, ultimately benefiting end users.
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The global market size for non-reactive polyamide was valued at approximately USD 1.2 billion in 2023 and is projected to reach around USD 2.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 8%. One of the primary growth factors for this market is the increasing demand in the automotive and electronics industries, driven by the superior performance characteristics of non-reactive polyamides such as excellent mechanical properties and chemical resistance. These properties make them ideal for a range of applications, including adhesives and coatings.
The non-reactive polyamide market's growth is significantly influenced by advancements in material science and engineering. Continuous research and development efforts are leading to the creation of innovative polyamide formulations that offer enhanced performance attributes. For instance, dimer acid-based polyamides are gaining traction due to their enhanced flexibility, thermal stability, and resistance to environmental factors. These advancements are not only expanding the applications of non-reactive polyamides but also improving their efficiency in existing applications, thereby accelerating market growth.
Another critical growth factor is the rising adoption of environmentally sustainable materials. Non-reactive polyamides, particularly those derived from bio-based sources, are gaining popularity as industries shift towards greener alternatives. This trend is particularly prominent in regions such as Europe and North America, where stringent environmental regulations and consumer awareness are driving the demand for eco-friendly materials. The push towards sustainability is prompting manufacturers to innovate and produce non-reactive polyamides with lower carbon footprints, further fueling market expansion.
Additionally, the robust growth of end-user industries such as automotive, construction, and electronics is propelling the demand for non-reactive polyamides. The automotive industry, for example, leverages these materials for applications in adhesives and coatings due to their excellent bonding properties and resistance to harsh conditions. Similarly, in the electronics sector, non-reactive polyamides are used in protective coatings and insulating materials, benefiting from their electrical insulation properties and durability. The interdependence between these dynamic industries and non-reactive polyamides underscores the market's growth trajectory.
From a regional perspective, Asia Pacific is expected to dominate the non-reactive polyamide market during the forecast period. The region's rapid industrialization, coupled with significant investments in manufacturing sectors, is fostering demand. Countries like China and India are at the forefront, with burgeoning automotive and electronics industries contributing significantly to market growth. Furthermore, the availability of raw materials and cost-effective labor in this region are additional factors that support market expansion.
Dimer acid-based non-reactive polyamides are a prominent segment within the non-reactive polyamide market. These polyamides are derived from dimerized fatty acids and are renowned for their exceptional flexibility, thermal stability, and resistance to various chemicals and solvents. One of the primary applications for dimer acid-based polyamides is in the adhesives and sealants industry. Here, their ability to provide strong bonding even under extreme conditions makes them indispensable. Additionally, their flexibility allows them to be used in applications requiring materials that can withstand repeated stress and strain without degrading.
The demand for dimer acid-based polyamides is experiencing a surge due to the increasing focus on sustainable and bio-based materials. These polyamides often originate from renewable sources, aligning with the global push towards environmentally friendly materials. Companies are investing in research to enhance the properties of dimer acid-based polyamides, making them even more competitive against traditional petroleum-based polyamides. As industries continue to shift towards greener alternatives, dimer acid-based polyamides are expected to play a crucial role in this transformation.
In the coatings industry, dimer acid-based polyamides are favored for their excellent adhesion properties and durability. They are used in a variety of coatings applications, including protective coatings for automotive and industrial equipment. The ability of these polyamides
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According to Cognitive Market Research, the global N-Methyl-2-Pyrrolidone (NMP) Market size will be USD 972.86 million in 2025. It will expand at a compound annual growth rate (CAGR) of 7.60% from 2025 to 2033.
North America held the major market share for more than 40% of the global revenue with a market size of USD 272.40 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.1% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 233.49 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 358.01 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 36.97 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 38.91 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.9% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 33.08 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2025 to 2033.
The 99.9% purity category is the fastest growing segment of the N-Methyl-2-Pyrrolidone (NMP) industry
Market Dynamics of N-Methyl-2-Pyrrolidone (NMP) Market
Key Drivers for N-Methyl-2-Pyrrolidone (NMP) Market
Increased Production of Semiconductors and Electronics to Boost Market Growth
In the NMP pyrrolidone market, the electronics and semiconductor manufacturing sectors are major drivers. NMP is employed as a solvent in the semiconductor manufacturing process, where it plays a crucial part in the etching and cleaning procedures. It ensures the precision and high quality of electronic components by clearing photoresist compounds and other impurities from semiconductor wafers. The demand for high-purity solvents like NMP is rising in tandem with the quick development of technology and the rising demand for electronic gadgets such as smartphones, tablets, and sophisticated computer systems. The ongoing demand for NMP is fueled by ongoing advancements in electronics and the growth of semiconductor production facilities around the world. For instance, NMP is utilized in cleaning procedures in semiconductor production, where the solvent concentration is usually greater than 95%. Semiconductor wafers are frequently cleaned by immersing them in NMP solvent at 90°C for around 30 minutes.
Rising Demand from Pharmaceutical Industry to Boost Market Growth
Throughout the projected period, rising demand from the pharmaceutical sector is anticipated to propel the N-methyl-2-pyrrolidone market's expansion. The pharmaceutical industry uses N-Methyl-2-pyrrolidone as an intermediary to increase the solubility of medications that are not very soluble. Due to its numerous uses in a variety of sectors, including the pharmaceutical industry, the chemical is anticipated to see substantial expansion in the upcoming years. An 8% increase in exports and a 6% increase in the local market have been the main drivers of the Indian pharmaceutical industry's 6-8% compound annual growth rate (CAGR) from FY18 to FY23, according to Mint, an Indian business and financial daily newspaper. Consequently, the market for N-methyl-2-pyrrolidone will expand due to rising demand from the pharmaceutical sector.
Restraint Factor for the N-Methyl-2-Pyrrolidone (NMP) Market
Growing Environment and Health Related Issues Will Limit Market Growth
Environmental and health issues are among the major factors limiting the market for N-Methyl-2-Pyrrolidone (NMP) pyrrolidone. Several regulatory bodies have categorized NMP as a dangerous drug because of its possible negative health consequences, which include toxicity to the reproductive system and irritation of the skin and eyes. Manufacturers are under pressure to comply with more demanding environmental and safety standards as a result of the increased awareness and strict rules surrounding chemical safety. Because of this regulatory environment, more money must be spent on safety...
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The global space launch market size was valued at approximately $12 billion in 2023 and is projected to reach about $25 billion by 2032, expanding at a compound annual growth rate (CAGR) of 8%. This significant growth is driven by factors such as increasing investments in space technologies, the rapid commercialization of space activities, and the growing demand for satellite deployment for various applications. Governments and private organizations alike are investing heavily to enhance their capabilities in space exploration, which is fueling innovations and expanding the market horizons. The heightened interest in establishing satellite networks for global internet coverage, Earth observation, and other applications is likely to sustain market growth over the forecast period.
The surging demand for small satellites is one of the key growth factors for the space launch market. These compact, lightweight satellites, commonly referred to as CubeSats or nanosatellites, are becoming increasingly popular due to their cost-effectiveness and versatility in a variety of applications such as telecommunications, scientific research, and military surveillance. As technology advances, the capabilities of these small satellites continue to improve, prompting more commercial and government entities to invest in small satellite constellations. This burgeoning interest is driving the need for frequent and cost-efficient launch services, thereby spurring market growth.
Another significant growth driver is the increasing participation of private companies in space exploration. The entrance of private players like SpaceX, Blue Origin, and Rocket Lab has transformed the landscape of space launch services. These companies are innovating with reusable rocket technologies and reducing the cost of access to space. With their ability to offer more frequent and flexible launch schedules, they are meeting the growing demand for satellite launches and opening new opportunities for scientific and commercial missions. These advancements are expected to lower barriers to entry for various industries and encourage more stakeholders to invest in space-related ventures.
The rise in government investments and international collaborations is also fueling the growth of the space launch market. Governments worldwide are increasing their budgets for space exploration to enhance national security, scientific understanding, and economic opportunities. Countries like the United States, China, and India are leading the way with ambitious space programs, including lunar and Mars missions, which require advanced launch capabilities. Additionally, international partnerships and collaborative projects like the European Space Agency's initiatives are fostering innovation and technological development, further driving the market's expansion.
The Space Launch System (SLS) is a pivotal element in the future of space exploration, designed to carry astronauts and cargo beyond low Earth orbit, including missions to the Moon and Mars. As the most powerful rocket ever built, the SLS is expected to play a crucial role in NASA's Artemis program, which aims to return humans to the lunar surface and establish a sustainable presence there by the end of the decade. With its unprecedented lift capacity, the SLS will enable the transportation of large payloads and complex scientific instruments, facilitating a new era of deep space exploration. The development of the SLS is a testament to the collaborative efforts between NASA and its industry partners, showcasing the potential of public-private partnerships in advancing space technology.
Regionally, North America, especially the United States, continues to dominate the space launch market due to the presence of established space agencies such as NASA and private companies like SpaceX. However, Asia Pacific is witnessing rapid growth, primarily driven by China and India, who are investing heavily in space technology and infrastructure. Europe also plays a significant role, with countries like France and the United Kingdom enhancing their space capabilities through regional collaboration and investment. The Middle East & Africa and Latin America are gradually emerging as potential markets, as these regions begin to recognize the strategic and economic benefits of investing in space activities.
In the space launch market, the vehicle type segment is categorized into orbital and suborbi
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The India anti-fingerprint coating market is poised for significant growth, with an expected compound annual growth rate (CAGR) of approximately 8% from 2024 to 2030.
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The growth in the global factory automation market is spurred by the rapidly increasing adoption of Industry 4.0, robotics, and AI-powered automation solutions. Through the next several years, higher demand for smart manufacturing, the integration of Internet of Things technology, and data analytics in real-time will enhance the market in a steady growth rate of CAGR. Emerging in production with minimal human interaction through cost cuts, efficient improvements, and production in sectors of automotive, electronics, pharmaceuticals, food and beverage industries, industrial robotics, programmable logic controls, supervisory control and data acquisition systems and applications .The expansion of the market would be negatively affected by factors such as increased initial investment, cybersecurity issues, and skill deficits in the labor force. Today, Asia-Pacific is dominating the market because industrialization is gaining pace, and governments are trying to implement automation. The prominent players are moving towards AI-based automation, predictive maintenance, and digital twin technology to enhance operation efficiency and make them more competitive in markets. Recent developments include: Jun 2022- Mitsubishi Electric Corporation announced that it is setting up a new factory automation equipment plant in India to create a third global production hub to drive revenue growth in the fast-growing market. The company will invest approximately Rs 2.2 billion in Mitsubishi Electric India Pvt. Ltd. This new production hub will strengthen its supply chains, positioning Mitsubishi Electric as a leader in factory automation systems. , The Indian market is expanding at about 8%, mainly in industries such as automobiles, pharmaceuticals, food & beverage, data centers, and textiles, and further market expansion is expected in the future. The new factory is expected to start operations in Dec. 2023 and manufacture inverters & other factory automation (FA) control system products, expanding Mitsubishi's capabilities to meet the growing demand in India. , Emerson announced the release of its PACSystems RSTi-EP CPE 200 programmable automation controllers (PAC) in May 2022. This new family of compact PACs ensures OEMs can meet customer requirements successfully while reducing reliance on specialized software engineering talent., Mitsubishi Electric Corporation plans to put up INR 2.2 billion into Mitsubishi Electric India Pvt. Ltd., one if its subsidiaries towards opening another factory in India; this was revealed on June 4th, 2022 (U.S office of Secretary commerce n.d.). Company expects to commence factory operations from December-23, with factory manufacturing the Inverters and other Factory Automation (FA) Control System products to increase its capabilities to cater the rising demand in India., July 2022 – Rockwell Automation, Inc., a global leader in industrial automation and digital transformation services, launched PowerFlex AC variable frequency drives across Asia Pacific for efficient control of motor functions. This will enable customers have more flexible, stronger and smarter next generation drive through TotalFORCE Technology., Nov 2021- OMRON Corporation announced that it has signed an agreement with Techman Robot, Inc., a leading global collaborative robot brand. OMRON now holds approximately a 10% stake in Techman. These companies would jointly develop innovative robot solutions to combine OMRON factory automation equipment with Techman's collaborative robots to drive safety and productivity while offering a solution to address the issue of labor shortages at manufacturing sites. , July 2021- Rockwell Automation Inc. collaborated with a cloud-based product digitalization and traceability platform, Kezzler AS. The partnership aims to enable manufacturers to capture their product's end-to-end journey from raw material sources to the point of sale or beyond by using cloud-based chain solutions., July 2021- Siemens AG expanded its partnership with SAP SE to deliver a new solution for services and asset lifecycle management. The partnership aims to connect plant floor operations, product development through digital twins, and remote condition monitoring with original equipment manufacturers (OEMs) to facilitate collaboration across the asset lifecycle., ABB presented cobots portfolio i.e GoFa and SWIFTI cobots in February 2021. Cobots are highly capable and facilitate the movements of robots., In June 2021, Rockwell Automation Inc. acquired Plex Systems with USD 2.22 billion that specializes on smart manufacturing solutions. The company wants to expand its industrial cloud offerings by adding Plex’s cloud-native smart manufacturing platform., Siemens AG expanded its partnership with SAP SE to deliver a new solution for services and asset lifecycle management in July 2021. The partnership will enable plant floor operations, product development via digital twins, and remote condition monitoring with original equipment manufacturers (OEMs) allowing for collaboration across the asset lifecycle.. Key drivers for this market are: The increasing demand for automation in manufacturing The adoption of Industry 4.0 technologies The increasing demand for collaborative robots The growing need for productivity improvement The rising cost of labor. Potential restraints include: The high cost of implementation The complexity of integration The lack of skilled workers The security concerns The regulatory challenges. Notable trends are: The increasing demand for automation in manufacturing is one of the key trends driving the growth of the factory automation market. Manufacturers are looking to automate their processes to improve efficiency, productivity, and quality. This trend is expected to continue in the coming years, as manufacturers look to compete in a global market. The adoption of Industry 4.0 technologies, such as the Internet of Things (IoT), cloud computing, and artificial intelligence (AI), is another key trend driving the growth of the factory automation market. These technologies are enabling manufacturers to connect their machines and systems, collect data, and gain insights into their operations. This is allowing them to make better decisions, improve efficiency, and reduce costs. .
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The global market size for delivery and takeaway food was valued at approximately USD 150 billion in 2023 and is projected to reach around USD 300 billion by 2032, reflecting a compound annual growth rate (CAGR) of 8%. This market is experiencing robust growth driven by changing consumer behaviors, technological advancements, and increasing urbanization trends. The convenience and ease of access offered by delivery and takeaway food services have become significant growth factors in this market.
One of the primary growth factors in the delivery and takeaway food market is the increased adoption of digital platforms. With the proliferation of smartphones and internet penetration, consumers are increasingly turning to online platforms for their food ordering needs. The convenience of browsing through extensive menus, reading reviews, and making transactions online has revolutionized the way people order food. Additionally, the integration of artificial intelligence and machine learning in these platforms enhances user experience by providing personalized recommendations and seamless order processing, thereby driving market growth.
Another significant growth factor is the rise in disposable incomes and changing lifestyles, particularly among the younger generation. Millennials and Generation Z, who are more inclined towards convenience and speed, form a substantial customer base for the delivery and takeaway food market. The hectic pace of modern life, coupled with the increasing number of dual-income households, has led to a surge in demand for ready-to-eat meals. This shift in consumer behavior is further bolstered by aggressive marketing strategies and attractive discounts offered by food delivery companies, making it more appealing for consumers to opt for home-delivered meals.
The COVID-19 pandemic has also played a pivotal role in accelerating the growth of the delivery and takeaway food market. With lockdowns and social distancing measures in place, consumers turned to delivery services as a safer alternative to dining out. This shift in consumer preference has led to a significant increase in the number of restaurants partnering with delivery platforms to sustain their business. Even post-pandemic, the trend of online food ordering is expected to continue as consumers have grown accustomed to the convenience it offers.
Regionally, Asia Pacific is expected to dominate the delivery and takeaway food market during the forecast period. The region's large population base, rapid urbanization, and increasing disposable incomes are some of the key factors driving market growth. Countries like China and India are witnessing a surge in the number of food delivery startups, further fueling market expansion. Moreover, the growing influence of social media and food blogs has led to increased awareness and demand for various cuisines, contributing to the market's growth in this region.
The product type segment in the delivery and takeaway food market is divided into two main categories: veg and non-veg. The preference for vegetarian food has been rising globally due to increasing health consciousness and ethical reasons. Vegetarians and vegans now have a plethora of options available to them, thanks to innovative menu offerings by restaurants and food delivery services. This segment is experiencing growth as more consumers are inclined towards plant-based diets, driven by concerns over health, environmental sustainability, and animal welfare.
On the other hand, the non-veg segment continues to hold a substantial share in the delivery and takeaway food market. Non-vegetarian food items, including chicken, beef, and seafood, remain in high demand across various regions. The popularity of non-veg dishes, especially among younger consumers and those in urban areas, contributes significantly to the market's revenue. Additionally, the emergence of exotic and gourmet non-vegetarian dishes has further boosted the appeal of this segment.
Consumer preferences in the veg and non-veg segments are also influenced by cultural and regional factors. For instance, in countries like India, where a significant portion of the population follows vegetarian diets for religious reasons, the veg segment is expected to see higher growth. Conversely, in Western countries where meat consumption is more p
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According to Cognitive Market Research, the global Recruitment & Staffing market size is USD 519848.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.90% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 207939.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 155954.55 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 119565.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 25992.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 10396.97 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031.
Recruiting held the domiant position in the Recruitment & Staffing market
Market Dynamics of Recruitment & Staffing Market
Key Drivers for Recruitment & Staffing Market
Huge job opportunities in the BFSI and IT sectors drive staffing and recruitment market growth
IT hiring and recruitment sector is rapidly expanding. According to research from the online hiring site Monster, the banking, financial services, and insurance (BFSI) industry in India will see a 27% increase in job posts year over year in February 2023. According to Monster data, finance-related employment will account for around 8% of all jobs posted on the site by 2023. Furthermore, India is seeing a significant increase in job prospects as a result of digitization, payment innovations, and expanded financial inclusion, as well as the forthcoming 5G deployment. According to the Monster Employment Index, hiring in the BFSI industry increased by 25% in August 2022, after experiencing a 21% increase in July 2022.
Rising young populations
The presence of young workers in the job market and the desire of recruitment agencies for budget-friendly approaches are significantly impacting the expansion of the Recruitment & Staffing Market. Recruitment helps connect skilled and capable young individuals with organizations that are seeking employees, ensuring companies find the right candidates for their needs. Similarly, the focus on expenses has led companies to choose recruitment solutions that are both efficient and cost-effective. These elements contribute to the expansion of the Recruitment & Staffing Market by meeting the demand for cost-effective and effective recruitment services, enabling businesses to acquire the appropriate talent.
Restraint Factor for the Recruitment & Staffing Market
Rising Costs and Margin Pressure
The Recruitment & Staffing Market is restrained by increasing cost and margin pressure. As the operational cost increases in the industry (for eg technology investment, talent acquisition cost etc.), it leads to margin pressure for the recruitment agencies, as every business tries to maintain the profit margin, which directly impact the competitive pricing for the services offered. The rising operational cost may also affect the smaller agencies to invest in cutting edge technologies, training programs etc., which directly impact their competitiveness in the market. Hence the increasing cost in the industry will definitely be a challenge and how efficiently businesses manage this cost pressure will define their sustained growth and profitability.
Impact of Covid-19 on the Recruitment & Staffing Market
The Covid-19 pandemic changed the Recruitment & Staffing market dynamically with its impact across the entire global market. As a result of the COVID-19 pandemic that led to some shutdowns, economic instability and business disruption, many organizations were compelled to freeze or even downsize their employee intake, hence reducing the demand for recruitment services. Nevertheless, as the economis slowly turns into improvement there is observed the shift in the focus on remote work and virtual hiring what accelerates the employment of digital recruitment solutions and platforms. Temporary and contract st...
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As of 2023, the global market size for clothing disinfectants is estimated at USD 1.5 billion, with a projected growth to USD 3 billion by 2032, reflecting a robust CAGR of 8%. The growth of this market is driven by increasing health awareness, rising concerns about hygiene, and a surge in demand for sanitation products due to global health threats, such as pandemics. This article delves deeply into the various factors fueling this market's expansion, alongside a detailed analysis of its diverse segments.
One of the primary growth factors for the clothing disinfectant market is the heightened awareness regarding personal hygiene and the importance of maintaining clean clothing. This has been significantly amplified by the COVID-19 pandemic, which has underscored the necessity of disinfecting not just surfaces but also fabrics to prevent virus transmission. Public health campaigns and government mandates have further bolstered this awareness, leading to an increased adoption of clothing disinfectant products across households and commercial spaces.
Another critical factor contributing to market growth is the innovation and diversification of products. Manufacturers are continually developing new formulations and delivery mechanisms, such as sprays, wipes, and powders, to cater to varying consumer preferences and needs. These innovations not only enhance the ease of use but also ensure more effective and efficient disinfection of fabrics. Additionally, the integration of natural and eco-friendly ingredients in disinfectant products is attracting environmentally conscious consumers, thereby expanding the market base.
The rise in healthcare-associated infections (HAIs) has also spurred the demand for clothing disinfectants, particularly in healthcare settings. Hospitals and clinics are increasingly incorporating these products into their routine hygiene protocols to mitigate the risk of infections. This trend is further supported by stringent regulatory standards and guidelines aimed at ensuring the safety and sterility of healthcare environments. The industrial sector, especially those involved in food processing and manufacturing, also represents a significant demand segment as maintaining hygiene standards is critical to operational safety and product quality.
In addition to disinfectants, the market is seeing a growing interest in complementary products such as Clothing Conditioner. These conditioners are designed to maintain the softness and integrity of fabrics after disinfection, which can sometimes be harsh on materials. As consumers become more conscious of fabric care, the demand for products that not only disinfect but also preserve the quality of clothing is rising. Clothing conditioners often contain ingredients that help in reducing static, enhancing the feel of the fabric, and prolonging the life of garments. This dual functionality is particularly appealing to consumers who are looking to balance hygiene with fabric care, making clothing conditioners an emerging trend in the market.
Regionally, North America and Europe are leading the market due to their advanced healthcare infrastructure, high hygiene standards, and greater consumer spending capacity. However, Asia Pacific is expected to witness the highest growth rate, driven by increasing urbanization, growing awareness about hygiene, and rising disposable incomes. Government initiatives to improve public health and sanitation in countries like India and China are also expected to play a crucial role in market expansion in this region.
The clothing disinfectant market is segmented by product type into liquids, sprays, wipes, and powders. Liquids hold the largest market share owing to their widespread use and effectiveness in thoroughly cleaning and disinfecting fabrics. Liquid disinfectants are particularly popular in households and healthcare settings where comprehensive cleaning is paramount. Their easy availability and variety of formulations, including those with added fragrances and skin-friendly ingredients, further boost their demand.
Sprays are emerging as a popular choice, especially for their convenience and portability. They are ideal for quick disinfection and are often used on clothing and surfaces that cannot be laundered frequently, such as jackets, coats, and upholstery. The ability to target specific areas with precision makes sprays a preferred option in both
The statistic shows the growth of the real gross domestic product (GDP) in India from 2020 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2024, India's real gross domestic product growth was at about 6.46 percent compared to the previous year. Gross domestic product (GDP) growth rate in India Recent years have witnessed a shift of economic power and attention to the strengthening economies of the BRIC countries: Brazil, Russia, India, and China. The growth rate of gross domestic product in the BRIC countries is overwhelmingly larger than in traditionally strong economies, such as the United States and Germany. While the United States can claim the title of the largest economy in the world by almost any measure, China nabs the second-largest share of global GDP, with India racing Japan for third-largest position. Despite the world-wide recession in 2008 and 2009, India still managed to record impressive GDP growth rates, especially when most of the world recorded negative growth in at least one of those years. Part of the reason for India’s success is the economic liberalization that started in 1991and encouraged trade subsequently ending some public monopolies. GDP growth has slowed in recent years, due in part to skyrocketing inflation. India’s workforce is expanding in the industry and services sectors, growing partially because of international outsourcing — a profitable venture for the Indian economy. The agriculture sector in India is still a global power, producing more wheat or tea than anyone in the world except for China. However, with the mechanization of a lot of processes and the rapidly growing population, India’s unemployment rate remains relatively high.