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Orthopedic Braces And Supports Market Supported by E-Commerce Growth

In 2024, the global orthopedic braces and supports market stood at USD 4,670.9 million, and is forecast to rise to USD 7,006.2 million by 2030, reflecting a steady compound annual growth rate (CAGR) of 7.3% over the 2025–2030 period. This expansion is driven by ongoing technological innovation, rising rates of injuries related to sports and accidents, an aging population, and growing public awareness regarding preventive healthcare.

Key Market Trends & Insights

In 2024, North America accounted for the largest share of the global orthopedic braces and supports market, with a revenue share of 35.83%. The United States emerged as the dominant national market within the region.
Among product categories, braces and supports constituted the leading segment in 2024, capturing nearly 75% (specifically, 74.97%) of total revenue.
Regarding end-use, orthopedic clinics were the primary source of revenue during the same year.

Market Size & Forecast

Market value in 2024 was USD 4,670.9 million.
By 2030, the market is estimated to reach USD 7,006.2 million.
The projected CAGR from 2025 to 2030 is 7.3%.
Regionally, North America leads in overall size as of 2024, while Asia Pacific is expected to demonstrate the fastest growth rate through the forecast period.

These figures underscore ongoing developments in product innovation and distribution approaches aimed at improving patient outcomes.

Key Companies & Market-Share Insight

Leading companies in this industry are actively working to refine their offerings and strengthen their market presence. Notable company initiatives include the expansion of pediatric bracing divisions, targeted product launches, strategic acquisitions, and partnerships aimed at bolstering regional footprints and technical capabilities.

Order a free sample PDF of the Orthopedic Braces And Supports Market Intelligence Study, published by Grand View Research.

Key Companies:

The following organizations are recognized as the principal players in the orthopedic braces and supports landscape, collectively representing the most significant share of the market and shaping industry trends:

BREG, Inc.
Frank Stubbs Company Inc.
DeRoyal Industries, Inc.
Össur
Fillauer LLC
Ottobock
McDavid
Bauerfeind
Weber Orthopedic LP
DJO, LLC (Enovis)
3M
Zimmer Biomet

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Conclusion

In summary, the orthopedic braces and supports industry is experiencing robust and sustained growth—from USD 4,670.9 million in 2024 to an anticipated USD 7,006.2 million by 2030—propelled by technological strides, demographic trends, and increasing demand tied to injury prevalence. Braces and supports dominate the product space, and orthopedic clinics remain critical channels. North America leads the market, while Asia Pacific offers the most rapid expansion opportunity. Competition is shaped by a mix of established global players investing in R&D, acquisitions, and partnerships to enhance reach and innovation.

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Organic Bar Soap Market Expands with Demand for Chemical-Free Products

In 2021, the global organic bar soap industry reached an approximate valuation of USD 1.83 billion and is anticipated to grow to around USD 3.64 billion by 2030. This trajectory corresponds to a compound annual growth rate (CAGR) of 8.2% from 2022 through 2030. The upsurge reflects a growing global preference for wellness-oriented products and evolving consumer behavior in the beauty and personal care sector.

Key Market Trends & Insights

In 2021, the Asia Pacific region accounted for the largest share, contributing nearly 33.1% of total global revenue.
The Middle East and Africa region is forecast to experience robust expansion, with an estimated CAGR of 8.3% over the same period.
Among distribution channels, online sales dominated, representing 45.8% of global revenue in 2021.

Market Size & Forecast

2021 Market Size: USD 1.83 billion
2030 Projected Market Size: USD 3.64 billion
Growth Rate (2022–2030): CAGR of 8.2%
Leading Region in 2021: Asia Pacific held the largest market share

The COVID-19 pandemic significantly impacted the supply chain and distribution networks, including the shutdown of convenience stores and hypermarkets. However, the crisis spurred heightened demand for organic and sustainable products, driven by renewed attention to health and wellbeing. Consumers are increasingly seeking products labeled as vegan, natural, clean, reef-friendly, GMO-free, gluten-free, soy-free, transparent, or recyclable. In response, manufacturers are innovating to meet these demands. For example, one producer offers eco-friendly, plant-based soaps in vibrant colors and fragrances—vegan and packaged without plastic.

Key Companies & Market Share Insight

The online distribution channel’s convenience—home delivery, flexible payments, promotional pricing, and access to multiple brands on a single platform—has fundamentally reshaped purchasing behavior. With growing internet adoption and consumer preference for mobile shopping, major players are expanding their e-commerce presence to capture more of this market.

Asia Pacific’s dominance stems from increasing health awareness and the availability of a range of organically scented soaps. As consumer understanding grows of the advantages organic soaps offer over conventional alternatives, demand is further boosted by these appealing options. The Middle East and Africa, particularly the UAE, are embracing holistic beauty approaches, especially among millennials and Gen Y.
In a landscape populated by numerous participants, differentiation through innovation is key. One family-run company, for instance, handcrafts goat milk soaps on a farm using fresh goat milk, natural oils, and butter. Their product line includes all-natural soap varieties, moisturizers, and natural skin remedies.

Order a free sample PDF of the Organic Bar Soap Market Intelligence Study, published by Grand View Research.

Notable Companies Operating in the Organic Bar Soap Sector

Neal’s Yard (Natural Remedies) Limited
Khadi Natural
Bronner’s Magic Soaps
The Body Shop International Limited
Forest Essentials
Truly’s Natural Products
Bali Soap
Beach Organics
Osmia

These brands span a diverse spectrum—from holistic, artisanal producers to larger international retailers—each leveraging unique formulations, natural ingredients, and ethical branding to capture consumer interest.

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Conclusion

The organic bar soap market is on a dynamic upward trend, poised to nearly double in value from USD 1.83 billion in 2021 to USD 3.64 billion by 2030, at an impressive 8.2% CAGR. Asia Pacific leads the market, while the Middle Eastern and African regions emerge as fast-growth areas. Online distribution stands out as the most influential sales channel, supported by evolving consumer expectations and shopping habits. Innovation—especially around natural ingredients, sustainable packaging, and wellness messaging—drives competition among a varied roster of brands. Overall, the market’s growth reflects a deepening global commitment to health-conscious, environmentally mindful, and ethically produced personal care solutions.

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Oral Appliances Market Supported by Advanced 3D Printing Solutions

In 2023, the global oral appliance market was valued at USD 908.7 million. It is projected to grow at a compound annual growth rate (CAGR) of 5.72% from 2024 to 2030, reaching around USD 1.4 billion by 2030. This expansion is driven by growing awareness of sleep-related disorders, especially obstructive sleep apnea (OSA), as well as increased demand for non-invasive treatments. Technological advancements, better product design focused on comfort, supportive reimbursement frameworks, and the presence of established market participants all contribute to the market’s upward trajectory

Key Market Trends & Insights

Geographic leadership: North America held the largest revenue share in 2023, with the U.S. as the primary contributor
Product dominance: Mandibular advancement devices (MADs) accounted for the largest share of the market, representing 69.0% of revenue in 2023
Distribution channels: The direct-to-consumer (DTC) segment led sales, capturing the largest share among distribution methods
End-use segment: Hospitals and clinics were the main purchasers of oral appliances in 2023

Broader enhancements: Market growth is also fueled by technological innovation—such as 3D printing and smart-device integration—improvements in comfort, favorable policies, and support for alternatives to CPAP therapy

Demographic influence: The rising global geriatric population significantly contributes to market demand. OSA affects 13% to 32% of individuals aged 65 and older, and with the elderly population expected to double in share—from 12% to 22%—its impact is substantial

Market Size & Forecast

2023: Market valued at USD 908.7 million
2024 (estimate): Approximately USD 970.7 million
2030 projection: Around USD 1.4 billion, based on a 5.72% CAGR from 2024 to 2030
Regional drivers: North America remains the largest market, while Europe and Asia Pacific are expected to register significant growth.

Europe benefits from increased awareness and evolving technologies; Asia Pacific gains momentum through awareness expansion, improved healthcare infrastructure, and events showcasing new developments

Order a free sample PDF of the Oral Appliances Market Intelligence Study, published by Grand View Research.

Key Companies & Market Share Insight

These companies contribute through innovations, product launches, regulatory approvals, and geographic expansion. For example, in November 2022, one company received U.S. FDA clearance for a newly refined appliance that was notably more compact—by nearly 13%—than previous models, aligning with Centers for Medicare Services (CMS) coding guidelines

Key Companies

ResMed Inc.
ProSomnus
Vivos Therapeutics
SomnoMed
Glidewell
Airway Management (TAP)
Mitsui Chemicals, Inc. (Whole You)
Achaemenid, LLC
Apnea Sciences
Signifier Medical Technologies

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Conclusion

Overall, the oral appliances market is on a steady growth path, poised to expand from USD 908.7 million in 2023 to around USD 1.4 billion by 2030. This momentum is primarily underpinned by rising awareness of sleep apnea, especially among aging populations, preference for less invasive solutions, and sustained technological advancements. North America continues to lead the market, but robust growth is expected in Europe and Asia Pacific, driven by increased healthcare investments and innovation showcases. Leading firms in this field are front and center—innovating in device design, securing regulatory endorsements, and refining channels to meet evolving patient needs.

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Military Simulation and Virtual Training Market Thrives on Technological Upgrades

The global military simulation and virtual training market was valued at USD 13.02 billion in 2022 and is projected to reach USD 18.75 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. This growth is primarily fueled by the increasing need for a skilled workforce in naval operations and the rising demand for both conventional and unconventional military equipment and software.

Traditional real-time military training is not only costly and time-intensive but also requires substantial resources, such as fuel and explosives, with inherent risks. Consequently, defense ministries worldwide are shifting towards virtual training and simulation-based platforms that leverage technologies like Artificial Intelligence (AI), big data, and cloud computing.

Military simulation systems enable the realistic training of recruits by replicating real-time scenarios using advanced software. The rise in investments in simulation technologies and the defense sector’s ongoing modernization efforts are expected to further boost the market. Governments are increasingly restructuring their military frameworks using innovative simulation tools, accelerating the adoption of these systems.

Simulations and virtual training programs are gaining widespread adoption among global armed forces due to their cost-effectiveness. These systems are developed using Commercial-off-the-Shelf (COTS) components, which minimize development costs and promote scalable solutions. This, in turn, enables the military to innovate rapidly in simulation-based training.

Moreover, the growing demand for upgrading existing equipment and acquiring new, technologically advanced systems is contributing to the market’s expansion. For instance, Bohemia Interactive Simulation introduced an Augmented Reality (AR) visual system for Textron, Inc., which merges real-world interactions with synthetic environments through VR/AR technologies.

Advancements in portable simulation systems—including vehicle, flight, and battlefield simulations—allow customization for specific missions and applications across air, ground, and naval domains. These tailored systems provide strategic experiential training, enhancing soldier readiness, particularly in managing complex missile systems and electronic military hardware.

As defense budgets are constrained in several countries, governments are seeking cost-effective training alternatives. This trend is expected to further bolster demand for virtual training solutions, as they offer improved capabilities at reduced operational costs.

Order a free sample PDF of the Military Simulation and Virtual Training Market Intelligence Study, published by Grand View Research.

Key Market Trends & Insights:

North America held the largest revenue share at 34.9% in 2022.
Air application segment dominated by revenue with a 44.0% share in 2022.
Ground application segment is expected to grow at the highest CAGR of 4.9% during the forecast period.
Flight simulation led among platform types, accounting for 39.6% revenue share in 2022.

Market Size & Forecast:

2022 Market Size: USD 13.02 Billion
2030 Projected Market Size: USD 18.75 Billion
CAGR (2023–2030): 4.7%
Leading Region (2022): North America
Fastest Growing Region: Asia Pacific

Key Players & Market Strategies:

Industry leaders are pursuing strategic acquisitions and partnerships to strengthen their market position. The sector, still evolving, is witnessing an uptick in product launches and contractual agreements. For instance, in November 2022, BAE Systems collaborated with Inzpire to integrate immersive training expertise into its Operational Training Services, aiming to deliver secure, high-fidelity synthetic training environments.

Major Companies in the Market:

Northrop Grumman
Cubic Corporation
CAE Inc.
AAI Corporation
Collins Aerospace
Lockheed Martin Corporation
BAE Systems
L3Harris Technologies, Inc.
Thales
Bohemia Interactive Simulations

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Conclusion:

The military simulation and virtual training market is on a steady growth trajectory, driven by the need for cost-effective, safe, and technologically advanced training methods. With defense forces worldwide seeking innovative ways to enhance operational readiness, investments in simulation-based systems are likely to accelerate. As defense budgets tighten, simulation technologies offer an optimal solution for maintaining combat proficiency while minimizing costs and risk—positioning the market for sustained long-term growth.

Trade Surveillance Market Fueled by Rise in Algorithmic Trading

The global trade surveillance market size was estimated at USD 1.7 billion in 2024 and is projected to reach USD 5.2 billion by 2030, expanding at a compound annual growth rate (CAGR) of 20.2% from 2025 to 2030. This growth is primarily driven by the rising need for regulatory compliance and the increasing complexity of financial transactions.

Advancements in technologies such as artificial intelligence (AI) and machine learning (ML) are significantly enhancing surveillance capabilities. These innovations enable financial organizations to efficiently detect market vulnerabilities, insider trading, and other fraudulent activities. As institutions focus more on risk management and data-informed decision-making, the adoption of sophisticated trade surveillance solutions continues to rise globally.

The shift toward cloud-based trade surveillance solutions is also shaping market dynamics by providing scalable, flexible, and cost-effective systems. Financial institutions are increasingly relying on cloud technologies to improve data storage, streamline analytics processes, and ensure real-time monitoring of trading activities. Concurrently, regulatory authorities around the world are imposing more stringent compliance mandates, prompting firms to implement advanced systems with robust risk assessment and reporting functions. With the growth of automated and algorithmic trading strategies, the associated risks—such as market manipulation, fraud, and regulatory breaches—are intensifying, further emphasizing the importance of comprehensive monitoring tools.

AI integration and big data analytics are further accelerating market growth by enabling improved anomaly detection and predictive analysis. ML algorithms enhance monitoring by identifying patterns that signal suspicious behavior, reducing false positives, and increasing operational efficiency. Additionally, the proliferation of high-frequency trading, characterized by rapid and high-volume transactions, has heightened concerns about market abuse. As financial markets become more dynamic and digitized, the need for adaptive, automated trade surveillance systems becomes increasingly vital for ensuring compliance and protecting market integrity.

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Key Market Trends & Insights

Europe led the global trade surveillance market with a 35.0% share in 2024 and is anticipated to register the highest CAGR over the forecast period.
The U.S. market is witnessing rapid growth, driven by strict regulatory oversight and the rising demand for advanced compliance solutions.
By component, the solutions segment accounted for 76.7% of the market share in 2024.
The on-premises deployment segment held the largest share of the market in 2024.

Market Size & Forecast

2024 Market Size: USD 1.7 Billion
2030 Projected Market Size: USD 5.2 Billion
CAGR (2025–2030): 20.2%
Leading Region in 2024: Europe

Key Trade Surveillance Company Insights

Several major players are driving innovation and competition in the trade surveillance space through product development, partnerships, and expansion strategies.

NICE is a global leader in compliance, financial crime, and risk management. It offers AI-powered solutions to detect fraud, market manipulation, and ensure regulatory adherence, helping institutions protect market integrity.
Crisil Limited provides financial institutions with cutting-edge analytics, risk management, and regulatory compliance solutions. The company emphasizes transparency and operational efficiency, supporting organizations in anomaly detection and adherence to evolving regulations.
Software GmbH and other key players continue to strengthen their global presence through strategic collaborations and the deployment of next-generation trade surveillance tools.

Leading Companies in the Trade Surveillance Market:

NICE
Crisil Limited
Software GmbH
Aquis Exchange
Nexi S.p.A.
Nasdaq, Inc.
Scila
OneMarketData, LLC
ACA Group
IPC System, Inc.
b-next
Trading Technologies International, Inc.
FIS
Wipro
Red Deer (Kaizen Regtech Group Limited)

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Conclusion

The global trade surveillance market is undergoing rapid transformation, driven by increasing regulatory pressures, technological innovation, and the evolution of modern trading practices. As financial institutions continue to prioritize compliance, risk mitigation, and operational agility, the demand for intelligent, real-time surveillance solutions will remain robust. With AI, machine learning, and cloud computing at the forefront, the market is well-positioned for sustained growth, supporting global efforts to uphold transparency and security in financial markets.

Strontium Market Experiences Surge Due to Advancements in Imaging Devices

The global strontium market size was estimated at USD 248 million in 2023 and is projected to reach USD 378.7 million by 2030, expanding at a CAGR of 6.3% from 2024 to 2030. This growth is primarily driven by increasing demand in the production of ceramic ferrite magnets and the medical industry, particularly for the prevention and treatment of bone-related disorders.

One of the key growth contributors is the rising usage of bright and colorful fireworks, especially within the entertainment and event management sectors. This trend continues to support overall market demand. According to the American Pyrotechnics Association, display fireworks consumption in the U.S. reached 27.1 million lbs. in 2023, marking a 7% year-over-year increase. This uptick highlights the robust demand for strontium in pyrotechnics.

Strontium’s most significant application lies in pyrotechnics and signals, where it is an essential raw material due to its ability to create a vivid red color in fireworks and its high oxygen content, which supports ignition. Additionally, the material’s role in ceramic ferrite magnet production has grown due to its utility in electronics manufacturing.

In the medical field, strontium offers promising opportunities, with ongoing research exploring its use in treating bone and dental conditions. These advancements are expected to strengthen its presence in healthcare applications in the coming years.

Despite its wide applications, the strontium market faces potential challenges from emerging technologies that could substitute traditional materials. Alternatives such as OLEDs, LED displays, and new alloys could reduce demand over time. However, the slow pace of technological transition implies that any significant impact on strontium demand would likely be delayed.

Global market reception of strontium remains mixed. Factors such as its exclusion from critical mineral lists, varied consumption across applications, and relatively low commercial value compared to other minerals have influenced its perception. Nevertheless, demand consistency across major sectors has supported relatively stable global pricing.

Strontium pricing is affected by a range of factors, including ore and production costs, energy and labor expenses, market demand dynamics, technological changes, environmental regulations, currency fluctuations, and geopolitical trends. Historically, prices have shown low volatility due to steady demand, although occasional regional price shifts have occurred.

In the U.S., strontium demand is largely driven by its applications in pyrotechnics and ceramic magnets. However, a notable decline in its use in drilling fluids was recorded in 2023 due to reduced drilling activities, leading to a year-over-year price dip.

Meanwhile, the electronic, medical, and personal care sectors have shown steady growth since 2022, driven by post-pandemic economic recovery. This sustained demand is expected to contribute to relatively stable pricing trends throughout the forecast period.

Order a free sample PDF of the Strontium Market Intelligence Study, published by Grand View Research.

Key Market Trends & Insights

Asia Pacific led the global market with a 37.2% revenue share in 2023.
In the U.S., increased military spending is anticipated to support market growth.
The strontium carbonate product segment held the largest share at over 41.0% in 2023.
The personal care application segment is forecasted to witness the highest CAGR of 7.0%.

Market Size & Forecast

2023 Market Size: USD 248 Million
2030 Projected Market Size: USD 378.7 Million
CAGR (2024–2030): 6.3%
Largest Regional Market: Asia Pacific (2023)

Key Company Insights

Basstech International (U.S.) specializes in strontium nitrate and serves the North American region.

Solvay (Belgium) produces high-purity strontium compounds and operates globally.

Key Players in the Strontium Market

ABASSCO
Basstech International
Canteras Industriales, S.L.
Joyieng Chemical LTD.
ProChem
Quimica Del Estroncio, S.A.
Sakai Chemical Co., LTD.
Solvay

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Conclusion

The global strontium market is poised for steady growth, supported by diverse end-use industries including fireworks, electronics, and healthcare. While challenges from emerging technologies may impact certain applications in the long term, the current stability in demand and pricing—especially across Asia Pacific and North America—suggests a favorable outlook through 2030. Continued innovations and expanding medical research further position strontium as a valuable mineral across evolving industrial landscapes.

Soju Market Witnesses Uptick Due to Premium Product Launches

The global soju market size was estimated at USD 5.30 billion in 2023 and is projected to reach USD 7.59 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2030. Multiple interconnected factors are contributing to the increasing demand and consumption of soju.

The global rise in Korean cultural influence, led by the popularity of K-dramas and K-pop, has played a pivotal role in promoting Korean cuisine and beverages to international audiences. This cultural exposure has significantly boosted the appeal of soju. Known for its unique taste and flexibility, soju is suitable for various consumption methods—straight, on the rocks, or mixed in cocktails—making it popular among a broad spectrum of consumers. Additionally, its lower alcohol content and reduced calorie count compared to traditional spirits make it a more attractive option for health-conscious drinkers.

Economic aspects also contribute to soju’s rising appeal. As a more affordable alternative to premium spirits like whiskey or vodka, soju resonates well with cost-conscious consumers. Its global reach is being strengthened through enhanced international distribution networks, growth of online retail platforms, and the increasing presence of Korean-themed restaurants and bars worldwide.

Innovation in flavor is another key driver. Soju producers are constantly launching new fruit-based and exotic flavors such as peach, grape, citrus, green tea, and lychee to align with the shifting preferences of younger demographics. This expansion in flavor variety broadens its market base and makes soju more accessible to new consumers. Furthermore, the emergence of premium and artisanal soju variants has attracted consumers looking for refined alternatives, offering distinctive taste profiles comparable to established spirits.

In a notable development, Spirit of Gallo, in December 2023, expanded its portfolio by partnering with LOTTE Chilsung Beverage Co., Ltd. to introduce three soju brands—Soonhari, Chum Churum, and Saero—into the U.S. market starting January 2024. This move highlights soju’s growing popularity in the U.S., especially among Gen Z and multicultural communities, due to its mild alcohol content and adaptability.

Order a free sample PDF of the Soju Market Intelligence Study, published by Grand View Research.

Key Market Trends & Insights:

North America held a revenue market share of 20.20% in 2023.
The U.S. is experiencing increased competition and innovation.
The distilled soju segment accounted for 71.30% of revenue share in 2023.
The off-trade distribution channel led the market with 69.20% of revenue share in 2023.
Bottled soju packaging contributed to 48.50% of the market revenue in 2023.

Market Size & Forecast:

2023 Market Size: USD 5.30 Billion
2030 Projected Market Size: USD 7.59 Billion
CAGR (2024–2030): 5.3%
Largest Market in 2023: North America

Key Soju Company Insights:

The soju industry is highly competitive and shaped by product innovation, regional production strengths, and evolving consumer preferences. Leading companies are investing in research and development to offer high-quality, cost-effective solutions. Strategic alliances through joint ventures, partnerships, acquisitions, and mergers are common strategies aimed at expanding market presence and meeting international standards regarding ingredient transparency and regulatory compliance.

Prominent Soju Companies:

HiteJinro Co., Ltd.
Lotte Chilsung Beverage Co., Ltd.
Korea Alcohol Co., Ltd.
Hwayo
The Soju Company
OB Brewing Co., Ltd.
Sool Soju
Tokki Soju
The Han
C1 Soju

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Conclusion:

The global soju market is undergoing notable expansion, fueled by cultural globalization, shifting consumer preferences, and continuous product innovation. As Korean culture gains momentum worldwide, soju stands out as a symbol of this cultural export. Its affordability, lower alcohol content, and diverse flavor profiles make it a versatile choice for a wide demographic. With growing international investments and strategic partnerships, the soju market is well-positioned for sustained growth and wider global adoption in the years ahead.

Warehouse Racking Market Supported by Rising Investments in Industrial Infrastructure

The global warehouse racking market was valued at USD 9.71 billion in 2024 and is expected to grow at a CAGR of 4.2% from 2025 to 2030. The market’s growth is driven by the rising need for warehouse capacity expansion alongside the rapid growth of online retail. Warehouse racking plays a crucial role in optimizing storage space, increasing capacity, and improving the organization of stored goods. A well-organized racking system enables easier identification, picking, and order fulfillment.

Additionally, warehouse racking reduces overall operational time. The expansion of key industries such as automotive, manufacturing, retail, and food & beverage worldwide is projected to further increase product demand. As businesses seek more warehouse space to store and easily access products, the demand for efficient racking systems is expected to rise. Strategically planned racking solutions help warehouses reduce costs by allowing bulk purchases from vendors, who often provide discounts for larger orders.

By maximizing storage capacity, warehouses can reduce costs while improving efficiency. A well-structured racking system not only facilitates faster order picking—reducing the need for excessive labor—but also ensures timely fulfillment of orders without backlogs. The U.S. market is anticipated to experience substantial growth, supported by a large e-commerce sector, advanced infrastructure and automation, and a highly skilled workforce. Moreover, the presence of numerous manufacturers and racking solution providers in the country contributes to higher production volumes and comprehensive after-sales support.

Product Insights

In 2024, the selective pallet racking segment accounted for the largest revenue share, capturing 45.0% of the market. This system is favored for its cost-effective design, broad range of sizes, and accessories, making it ideal for standard storage and utility applications. Its growing adoption across various industries is expected to drive segment growth further. The drive-in racking system held the second-largest share in 2024, supported by increasing demand for high-density storage solutions. By eliminating aisles, this system enables the storage of large quantities of similar products in limited space, offering an efficient solution for maximizing warehouse capacity.

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Application Insights

By application, the retail segment led the market in 2024, securing the largest revenue share at 35.4%. This dominance is attributed to the rising number of warehouses, supermarkets, hypermarkets, and other retail facilities. The use of various racking systems allows retail warehouses to optimize storage and streamline product organization. In the food & beverage sector, high-density storage solutions are essential, enabling goods to be stored at multiple levels using rail-based systems. Ongoing investments and expansion projects in food & beverage warehouses and distribution centers worldwide are further accelerating this segment’s growth.

Regional Insights

North America emerged as the leading region in the warehouse racking market, holding a 27.8% revenue share in 2024. This leadership is attributed to the region’s early adoption of racking systems. The rising demand for fully automated warehouse facilities is expected to unlock significant market opportunities in the coming years. Additionally, the expansion of e-commerce platforms continues to drive demand for enhanced warehouse infrastructure across the region. Increased construction of warehouse facilities and the replacement of outdated storage technologies are likely to support further market growth.

Leading Warehouse Racking Companies

Key players shaping the global warehouse racking market include:

Daifuku Co., Ltd.
Mecalux S.A.
Kardex Group
Hannibal Industries, Inc.
Emrack International
Jungheinrich AG
AK Material Handling Systems
SSI Schaefer Group
Dematic

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Latin America Factoring Services Market Witnesses Surge in Non-Recourse Factoring Use

The Latin America factoring services market was valued at USD 145.47 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 11.9% from 2023 to 2030. This growth is primarily driven by the increasing demand for alternative financing solutions among Micro, Small, and Medium-sized Enterprises (MSMEs), alongside advancements in blockchain technology and cryptocurrency.

The COVID-19 pandemic posed major challenges to the global economy, disrupting supply chains and impacting financial markets and businesses. In response, governments provided fiscal support to protect companies, while many nations sought innovative funding mechanisms to aid SMEs.

These supportive financing initiatives for SMEs are expected to yield positive results, fueling market growth in the coming years. More businesses are turning to factoring services over traditional asset-based loans, contributing to market expansion. Factoring offers several advantages over loans, such as faster approval times, lower interest rates, immediate cash access, and no collateral requirements. Leading market players are implementing strategies like partnering with regional firms to strengthen their presence, further boosting industry growth. For example, in June 2022, JPMorgan Chase & Co. partnered with OmniLatam (a Latin American fintech acquired by KLYM) to finance SMEs that supply large corporations across the region.

Category Insights

In 2022, the domestic factoring segment dominated the market, accounting for 90.6% of the total share. This growth is attributed to the rapid adoption of factoring receivables in key industries due to their efficiency. The rising adoption of electronic invoicing has further consolidated the domestic factoring market. Domestic factoring also enables businesses to receive regular analyses of their sales and payable invoices. This category includes various types such as full factoring, maturity factoring, advance factoring, undisclosed factoring, and invoice discounting. Many companies prioritize factoring services to meet the strong domestic demand for goods and services.

Type Insights

The non-recourse factoring segment held the largest market share of 57.7% in 2022 and is expected to continue expanding at the fastest CAGR through 2030. Non-recourse factoring is ideal for businesses with large customer bases that want to clear their balance sheets by removing accounts receivable. It is particularly popular among trucking companies seeking financial security to ensure payment for shipments. For instance, eCapital, a financial services firm that accelerates SMEs’ access to capital, offers fleet fuel cards for trucking businesses. These cards provide discounted fuel prices, real-time transaction monitoring, fuel tax reporting, and purchase controls, helping businesses manage expenses effectively.

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Financial Institution Insights

The banks segment captured the largest market share at 78.1% in 2022. This dominance is linked to the growing use of blockchain platforms, the surge in digital payment systems, and rising investments in distributed ledger technology. Banks play a critical role in trade finance by helping businesses convert receivables into cash, alleviating cash flow and working capital challenges using blockchain solutions. Additionally, blockchain’s application in cross-border transactions, clearing and settlement, digital identity verification, and credit reporting is expected to drive its adoption across both public and private banks.

End-use Insights

The manufacturing sector led the market in 2022, contributing 31.5% of total revenue. Manufacturers use factoring services to convert their receivables into immediate cash for operating expenses. Instead of opting for high-interest loans, manufacturers prefer invoice factoring for quick cash access without lengthy documentation. Companies facing urgent cash needs or those unable to secure traditional or series funding turn to factoring to maintain operating capital and improve cash flow for streamlined production. Meanwhile, the healthcare sector is forecast to record the fastest growth during the projection period.

Country Insights

Brazil accounted for the largest market share at 31.8% in 2022. The Brazilian government’s regulatory focus on digitalization is facilitating the shift from traditional to digital factoring services. For example, in February 2021, Brazil implemented new regulations for NF-e invoices, including a provision that factoring-related invoices can no longer be canceled. These government efforts are expected to support the country’s market growth over the forecast period.

Peru is poised to witness the fastest CAGR during the forecast period. The country has been proactive in advancing factoring services, notably by digitalizing electronic invoice factoring in January 2022. Peru’s tax authority, SUNAT, passed Decreto de Urgencia N° 013-2020, enabling linking of invoices to factoring transactions. This initiative allows businesses to access cash to maintain operations, promote SME growth, and foster formal employment—factors contributing to the anticipated market expansion.

Key Market Players

Prominent companies operating in the Latin America factoring services market include:

Accion International
Barclays Plc
BNP Paribas
BTG Pactual
Deutsche Factoring Bank
FINAMCO
Hitachi Capital (UK) PLC
HSBC Group
Mizuho Financial Group, Inc.
SMB
TRADEWIND GmbH

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U.S. Steel Rebar Market Benefits from Advancements in Reinforcement Technology

The U.S. steel rebar market was valued at USD 6.50 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2025 to 2030. This growth is primarily driven by increased investments in residential development projects across the U.S.

The rising demand for affordable housing has prompted state and local governments to allocate more funds for affordable housing initiatives. For example, in October 2024, the U.S. Department of the Treasury announced USD 246.4 million in funding for the development of affordable housing and community infrastructure aimed at low-income communities and families.

Pricing Trends
Steel rebar prices in the U.S. have experienced notable fluctuations in recent years, influenced by supply chain disruptions, raw material prices, and global demand. In 2021, prices soared to approximately USD 1,000 per ton due to pandemic-related shortages and an uptick in construction activity, a significant jump from the pre-pandemic price of around USD 600 per ton. By mid-2023, prices began to stabilize at around USD 800 per ton, though still above historical norms. The volatility in scrap metal prices, a critical input for rebar, continues to affect market pricing.

Application Insights
The growth of public construction is expected to further drive market expansion during the forecast period. For instance, the value of public construction in the U.S. reached USD 489,772 million in August 2024, up from USD 454,126 million in August 2023, marking a year-on-year increase of 7.8%.

The infrastructure segment is anticipated to witness the fastest revenue growth, with a projected CAGR of 5.6% over the forecast period. Increasing investments by state governments in infrastructure development are expected to propel steel rebar consumption.

The Infrastructure Investment and Jobs Act (IIJA) is also contributing to higher rebar demand, with $110 billion allocated for roads and bridges. Projects such as the Interstate Bridge Replacement and the repair of aging highways are driving the need for steel rebar. Furthermore, new innovations in high-strength and corrosion-resistant rebar are being used in coastal and high-moisture areas, where traditional materials would deteriorate faster, extending the lifespan of infrastructure.

The industrial segment is another important application for steel rebar, particularly in the construction of industrial facilities like processing plants, mining structures, factories, and warehouses. Increased investment in new industrial facilities is expected to boost demand for rebar in the coming years.

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Regional Insights
Northeast U.S. Steel Rebar Market Trends
In the Northeast U.S., the demand for steel rebar is primarily driven by urban infrastructure needs, especially in high-density areas such as New York City and Boston. Ongoing investments in bridge repairs and subway expansions have made this region responsible for approximately 17.7% of the nation’s rebar consumption by volume in 2024. The demand for corrosion-resistant rebar is especially high due to the coastal environment, which accelerates wear in traditional steel applications.

Key U.S. Steel Rebar Company Insights
Prominent companies operating in the U.S. steel rebar market include CMC Steel, Nucor, and Steel Dynamics, Inc.

Commercial Metals Company (CMC) is a leading manufacturer and recycler of steel and metal products, headquartered in Irving, Texas. It operates a network of mini-mills, fabrication facilities, and recycling centers across the U.S. and Europe, specializing in rebar, steel wire, and other long steel products.
Steel Dynamics, Inc. (SDI) is one of the largest steel manufacturers and metal recyclers in the U.S., with operations in flat-rolled steel, structural steel, and rebar production. SDI is known for its innovative steelmaking processes and integrating recycling into its operations.

Key U.S. Steel Rebar Companies:

Acerinox S.A
ArcelorMittal
CMC Steel
EVRAZ U.S., Inc.
Gerdau S.A
Liberty Steel USA
Nucor
Outokumpu
Schnitzer Steel Industries, Inc.
Steel Dynamics, Inc.

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