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Applications of hand tools in multiple industries including automotive, construction, and home refurbishing is growing consistently. Across the globe, rapid industrialization is expected to create stable opportunities for the hand tools market. With the flourishing automobile industry, demand for hand tools is likely to grow. In addition, the rising importance of the automotive repair and maintenance services is fuelling the adoption of hand tools. Improving economic scenario and increased per capita income have led consumers to spend in real estate as well as home refurbishing and renovation activities, where hand tools play a major role.

With pizza on 37% of menus across the globe, a strong competition has been perceived for dinner's dough. 43% of consumers in the America order pizza once a week. This has increased competition between various organizations. Thereby, prominent players have shifted their focus on development and design of pizza boxes to gain traction across consumers. Leading players are anticipated to focus on export of their packaging solutions to increase market share. However, introduction of several local players in the market is anticipated to intensify competition in the global market.

Cosmetics sector has been witnessing a massive shift toward use of products produced using natural ingredients and fragrances are not an exception. The perfume industry has underwent a radical transformation as consumers are preferring natural products owing to both benefits of natural ingredients and side effects of chemicals present in perfumes.

With an immense upsurge in urbanization, along with rapid rise of real-estate industry in recent years, the number of hospitality industries, open-air sports, public gardens, and office spaces has increased manifold. This has further led to considerable demand for outdoor furniture worldwide. Additionally, integration of a wide range of attributes including lightweighting and aesthetics has further accelerated adoption of the outdoor furniture across residential and commercial spaces alike.

Key operators in the online gambling & betting market are transmuting their business models to align with transformations driven by changing regulations and demand trends. Relative lenience, compared to past, in norms for the online gambling & betting worldwide has paved lucrative avenues for the internet-based market players, in terms of revenue generation. Prominent online gambling & betting operators are getting involved in innovative game development businesses, in tandem with online transaction services.

With advances in technology and increasing proliferation of artificial intelligence not only in the industrial space but also in consumer goods, emergence of smart toys has been considered as another novelty. Manufacturers of smart toys are focused upon innovating their products on the back of a significant increase in demand for smart toys. This aspect also underpins high purchasing power parity of developed countries.

Water softening systems have sought extensive application in the water treatment industry, for conversion of hard water to soft water. Robust expansion of the construction industry worldwide have further led demand for water softening systems, particularly to meet requirements in the residential sector. Key technological advancements, such as smart water softeners, have forayed the water softening systems market in the recent past.

Mandatory regulations imposed by the government for installation of fire extinguishers in commercial as well as public areas are one of the primary growth determinants of the fire extinguisher market. Upsurge in housing and infrastructural developments, particularly in developing economies, on the back of rapid urbanization activities, are further creating demand for fire extinguisher worldwide. These insights are according to a report, titled "Fire Extinguisher Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)," recently added to XploreMR's exhaustive repository.

Growing awareness regarding relatively greater benefits of cast iron cookware, in tandem with significant rise in the single-person households, has driven demand for cast iron cookware in recent years. The upward trend of online retailing, and renewed interest of consumers in traditional cookery, are further expected to prevail as key growth determinants for the cast iron cookware market. These insights are extracted from a report titled "Cast Iron Cookware Market – Global Industry Analysis and Opportunity Assessment 2017 – 2025," which has been incorporated recently into the comprehensive repository of XploreMR.

Upsurge in demand for hydrogen in the hydro processing industry, and growing importance of hydrogen as an effective solution to attain clean energy goals, are key factors influencing growth of the hydrogen electrolyzer market. Electrolysis of hydrogen has been sought-after among metal manufacturing industries, and power generation sector, as hydrogen fuel cells are being touted as environment-friendly alternative to the conventionally used fossil fuels. This will further pose a positive impact on demand for hydrogen electrolyzer as a result.