GMI Research

Ginseng Market Ginseng Market was worth USD 5623 million in 2019, expanding at a robust CAGR of 4.7% during forecast period. The factors driving the growth of Ginseng Market includes rising consumers inclination towards adopting healthy lifestyles, growing demand for functional and plant-based foods product and expansion of the health and wellness industry around the world. According to the report published by Federation of Indian Chambers of Commerce & Industry, the Wellness Industry in India was calculated around INR 85,000 crore during FY 2015 and is expected to create a turnover of INR 1,50,000 crore by 2019-2020, growing at a CAGR of 12% over 2015-2020, which will boost the Ginseng Market size in the approaching years. Moreover, rising awareness amongst consumers about the health benefits of ginseng, growing application of ginsengs in cosmetic and personal care products and increase in the launch of innovative products, are some of the additional factors supplementing the mar

Aircraft Braking System Market The Aircraft Braking System Market is estimated to grow at a robust CAGR over the forecast period (2021-2028). The factors driving the growth of Aircraft Braking System Market includes rise in the air passenger traffic around the world, increase in the number of MRO service providers, growing demand for actuators in the braking systems. According to the report published by Directorate General of Civil Aviation (DGCA), the number of people boarding domestic flights in India has risen from 6.3 crore in 2020 to 8.38 crore people, showing an increase of 33%, which will boost the Aircraft Braking System Market size in the approaching years. Moreover, technological advancements in the aircraft braking systems, growing popularity of unmanned ariel vehicles, Government regulations regarding the installation of braking systems in Aircrafts and rapid urbanization, are some of the additional factors supplementing the market growth. As per Bloomberg, the Global

Canopy Market The Canopy Market is anticipated to expand at a remarkable CAGR during the forecast period (2020-2027). The factors driving the growth of Canopy Market includes proliferation of canopies in residential and non-residential buildings, rising popularity of inside-outside living, increasing installation of canopies for recreational shade protection and maximizing housing storage capacity. According to the report published by Statista, the Real Estate Market in India was calculated around USD 120 billion in 2017 and is projected to reach USD 1 trillion by the end of 2030, which is expected to boost the Canopy Market share in the approaching years. Moreover, rising preference consumers towards beautifying expanded living spaces, rising awareness about the benefits of canopies and growing adoption of advanced technologies by manufacturers for developing innovative products, are some of the additional factors supplementing the Canopy Market size . In addition, the increasing inv

LNG Market The Liquified Natural Gas (LNG) Market was valued around USD 94.0 billion in 2019 and is expected to reach USD 137 billion by the end of2027, growing at a CAGR of 4.8% over the period (2020-2027). The factors driving the growth of LNG Market includes rise in the energy consumption around the world, degradation of coal reserves and increasing application of LNG for food processing, Bottling of beverages and manufacturing dairy products. As per the World Energy & Climate Statistics Yearbook- 2022, the world energy consumption rebounded by 5% in 2021, after declining from 4.5% in 2020, which will boost the LNG Market Growth in the approaching years. In addition, the growing focus towards using cleaner sources of energy, rise in Government’s expenditure on power related projects, increasing use of LNG as a fuel in the Automotive Industry, and rise in the crude oil prices across the globe, are some of the additional factors supplementing the LNG Market share . As per the