Consumer Goods

Rapidly changing consumer behavior, tastes, preferences, and wants, especially after the COVID-19 pandemic, is overhauling the consumer goods industry. The companies are rapidly changing their product portfolios with innovative products to meet the consumer's wants and desires. Internet penetration and Artificial Intelligence (AI) are some of the reasons which are further helping the industry in expanding and making the supply chain more efficient. The sector ranges in food & beverages, appliances, personal accessories, hygiene, Apparel & Footwear, retail, food service, and many more. The companies invest heavily in research and development to establish an efficient value chain, sales and marketing, procurement, manufacturing, and distribution network. Digital purchasers who actively participate in purchases refer to multiple reviews before making any buying decision.

The growth of the Vietnam water purifier market is attributable to the scarcity of clean and safe drinking water especially in urban cities. Additionally, growing consumer awareness regarding the health benefits of safe water is propelling market growth.

China water purifier market is gaining significant traction because of the deteriorating water quality in China caused by rapid industrialization and urbanization. Additionally, the launch of wide range of water purifying products is also favoring the market’s growth.

Growth in the global walkie talkie market is driven by the increasing spending of governments and public safety agencies, as well as the rise in acceptance of digital radios and the diverse use of Walkie-talkies.

Asia Pacific back-to-school market is growing due to innovations in back-to-school products, an increase in government expenditure, greater importance placed on primary education, and China's elimination of the one-child policy in conjunction with a decrease in infant mortality rates in the region. With the popularity of online shopping and the rise in demand for social media and digital marketing, there will be more opportunities in the industry.

Recent years have seen a surge in demand for shower glass doors due to the booming tourism industry, which has been a major factor in hotels and resorts expanding. Both local and international tourists enjoy a touch of luxury in their accommodation. As a result, hotels and resorts in Mexico are increasingly installing shower glass doors in washrooms, causing the market to grow.

The growth of the global USB devices market is attributed to the increasing volume of data and expanding need for faster data transfer devices that offer great speed and high compatibility.

Global work from home furniture market is anticipated to grow as companies increasingly adopt remote working practices and cloud-based solutions. Also driving the market growth is the growing trend of multi-functional furniture.

The growth of the United States lumber wood fencing market growth can be attributed to increased spending on the construction of buildings across the country. As the Construction Association points out, the industry contributes a great deal to the US economy.

The India smartphone market is garnering a high CAGR due to the launch of trendy and low-cost smartphones. With India's expanding 5G infrastructure, the demand for 5G-enabled smartphones is also on the rise, driving the India smartphone market.