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Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports The rising adoption of serving ware with significant development in the foodservice and hospitality industry has been significantly driving the demand for tableware services in the commercial sector. Rapid growth of the bathroom fittings industry is presenting lucrative opportunities for faucets as a result of the rising demand for modernized bathrooms and kitchens.Ĭommercial Tableware Services Market – The global commercial tableware services market size was valued at USD 7.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2021 to 2028. The growing popularity of outdoor recreational activities such as off-roading and hiking among travelers is a leading factor driving the market.įaucet Market – The global faucet market size was valued at USD 18.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2028. Retail Coolers Market – The global retail coolers market size was valued at USD 1.30 billion in 2020 and is expected to expand at a compound annual growth rate CAGR of 7.2% from 2021 to 2028. List of Key Players of Reef Aquarium Marketīrowse through Grand View Research's coverage of the Global Homecare & Decor Industry : Reef Aquarium Regional Outlook (Revenue, USD Million, 2016 - 2028) Reef Aquarium End-use Outlook (Revenue, USD Million, 2016 - 2028) Reef Aquarium Product Outlook (Revenue, USD Million, 2016 - 2028) Grand View Research has segmented the global reef aquarium market on the basis of product, end use, and region: Moreover, various advancements in smart technology continue to add new functionalities to fish keeping from adjustable lighting to feeding and controlling water parameters. Controllability and customization are two trends that continue to gain momentum.
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Component products accounted for the largest share in 2020 owing to strong developments in the products supporting these reef aquariums. KG launched a new external aquarium filter to gain a competitive edge in terms of product differentiation. Read 87 page market research report, " Reef Aquarium Market Size, Share & Trends Analysis Report By Product (Component, Natural), By End Use (Household, Zoo & Oceanarium), By Region ( Europe, Asia Pacific), And Segment Forecasts, 2021 - 2028 ", by Grand View Researchįor instance, in April 2020, EHEIM GmbH & Co. The global market is fragmented in nature with the presence of a large number of global and a few regional players. The household end-users segment accounted for the largest share of the global revenue in 2020įish as pets are becoming more popular in households, which will drive the household end-use segment over the forecast periodĮurope dominated the global market in 2020 accounting for the highest revenue share owing to a rise in the adoption of aquaria and ornamental fish The zoo & oceanarium end-use segment is expected to register the fastest growth rate during the forecast period due to the increasing number of tourists visiting zoos
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The natural product segment is expected to register the fastest CAGR during the forecast years however, the component segment will account for the maximum revenue share by 2028