trending research reports

The global  cannabidiol market  size is expected to reach USD 22.05 billion by 2030, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.8% from 2024 to 2030. Changing consumer attitudes towards CBD products, shifting public opinion, and growing recognition of the health benefits of cannabidiol are some of the main factors contributing to the market's growth. The cannabis Sativa plant contains more than 80 cannabinoids, but cannabidiol is the most widely used for medical purposes because of its lack of psychoactive effects. It is primarily obtained from hemp due to its high CBD content. Cannabidiol Market Report Highlights North America accounts for the largest with a market share of 87.4% in 2023 owing to the presence of major manufacturers, and approval of the U.S. Farm Bill are some of the major factors driving the growth of the region Hemp-derived CBD dominated the market in 2023, with a market share owing to i...

The global  bicycle market  size is estimated to reach USD 135.02 billion by 2030, expanding at a CAGR of 9.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing adoption of cycling as a form of leisure and awareness regarding the health benefits associated with cycling are the factors expected to bolster the market growth. Bicycles are being preferred for short-distance commutes as they save considerable time as compared to other vehicles. Moreover, limited parking spaces and growing traffic congestions are prompting people to reconsider bicycles as a primary option for the commute. Bicycle Market Report Highlights The global market is growing significantly as bike-sharing companies, particularly in Europe and Asia, are investing aggressively in expanding their operations Based on product, cargo bikes segment is also expected to emerge as the fastest-growing segment from 2025 to 2030. This high growth rate is mainly attributed t...

The global  battery marke t size is anticipated to reach USD 329.84 billion by 2030 and is projected to grow at a CAGR of 16.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. This robust growth is driven primarily by the increasing adoption of electric vehicles (EVs) and the expanding demand for renewable energy storage solutions. As governments worldwide push for greener technologies and lower carbon emissions, the demand for batteries-especially lithium-ion batteries-has surged, given their efficiency, longevity, and versatility across multiple applications. A significant trend shaping the global market is the shift towards sustainable energy solutions. The growing emphasis on renewable energy sources, such as solar and wind, necessitates reliable energy storage systems to manage the intermittent nature of these power sources. Batteries play a critical role in stabilizing the grid and ensuring consistent energy supply, thereby dr...

The global  aesthetic medicine market  size is expected to reach USD 143.3 billion by 2030, growing at a CAGR of 8.3% over the forecast period, according to a new report by Grand View Research, Inc. According to the International Association for Physicians in Aesthetic Medicine (IAPAM), aesthetic medicine is a branch of medicine focused on satisfying the aesthetic desires and goals of patients. The major aim of aesthetic medicine is to improve the physical appearance of the patient. Some key drivers of the market include the introduction of innovative aesthetic devices, such as non-invasive aesthetic devices, a growing focus on physical appearance, and a rise in adoption among geriatric individuals. Aesthetic Medicine Market Report Highlights The non-invasive procedures segment is projected to dominate the industry throughout the forecast period owing to quicker and more accurate results of these procedures along with ease of usage compared to invasive ...

The global  complementary and alternative medicine market  size is expected to reach USD 694.22 billion by 2030, registering a CAGR of 25.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising prevalence of neurological illnesses and cancer is one of the major factors driving the growth of the global complementary & alternative medicine industry. Furthermore, the expanding government initiatives and activities are contributing to the growth and development of the global complementary & alternative medicine industry. Globally, governments are establishing advantageous rules and legislation for the manufacturing and marketing processes, which is driving the expansion of the global industry. Complementary And Alternative Medicine Market Highlights By intervention, traditional alternative medicine or botanicals dominated the market with a share of 34.02% in 2023. Botanicals are among the prominent forms of alternative...

The global construction and design software market size is estimated to reach USD 19.12 billion by 2030, registering to grow at a CAGR of 10.4% from 2025 to 2030 according to a new report by Grand View Research, Inc. The growing demand for effective tool management and development of digital capabilities such as the Internet of Things (IoT) and Building Information System (BIM) are the major drivers that are likely to create the need to adopt construction and design software across infrastructure and real estate industries. These digital capabilities help organizations automate, track, and manage budgets by managing construction projects and controlling costs across the operations. Thus, it allows organizations to increase profits and maximize efficiency by reducing risks and other issues. This is attributed to the rise in demand for construction and design software during the forecast period. Construction And Design Software Market Report Highlights The pro...

The global bearing market size is expected to reach USD 226.60 billion by 2030, registering a CAGR of 9.5% during the forecast period, according to a new report by Grand View Research, Inc. Bearings are essential in almost every application that involves motion, and they help minimize friction between different mechanical components in several industrial machinery and equipment, resulting in reduced energy consumption. Hence, this machine element finds application in all industries, ranging from automobiles, household appliances, and aerospace to industrial machinery, using machinery or related motor-driven linkages. Bearing Market Report Highlights The development of cost-effective wind energy-generating products has resulted in their increased espousal within wind turbine applications that aid in increasing energy production, reduce lubricant consumption, and enhancing turbine performance and reliability. In 2023, the roller bearings segment accounted for ...

The global online travel booking service market size is expected to reach USD 1.13 trillion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 9.0% from 2022 to 2030. Rising spending on travel, increased number of travelers in recent years due to falling travel-related costs, rising incomes, and a growing range of available tourist activities across the globe are accelerating the market growth. Moreover, there is a rise in the online booking of vacation tours, couple travel, and adventure tourism due to the rising popularity of online travel booking over traditional booking services all over the world, as it offers various services like reliable transport, personalized service, versatility, and capacity to assist economies. Online Travel Booking Service Market Report Highlights Europe registered the largest revenue share of over 30.0% in 2021 owing to the growing government initiatives to promote tourism and travel activities T...

  The global product lifecycle management market size is expected to reach USD 54.36 billion by 2030, expanding at a CAGR of 9.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Product lifecycle management is gradually advancing and witnessing continuous developments in the form of improved software capabilities. In addition to this, the demand for robust data analytics software platforms is also increasing and has been augmented by the evolution of core technologies such as blockchain, artificial intelligence, machine learning. Furthermore, the emergence of smart products and factories by small-scale enterprises is expected to open new avenues for the market players. These smart products have complex functionalities in terms of connectivity, security compliances, and others. Hence, the increasing demand for connected devices is anticipated to drive the growth of the product lifecycle management market over the forecast pe...

  The global  warehouse management system market  size is anticipated to reach USD 13.34 billion by 2030, advancing at a CAGR of 19.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing transition towards cloud-based management systems in the warehouse industry is anticipated to boost the demand for warehouse management system (WMS) based on the Software-as-a-Service (SaaS) model. Advancements in cloud-based technologies are estimated to fuel the adoption of WMS software, irrespective of the organization's size and complexity where these solutions are used. Surging demand for cloud-based systems can primarily be attributed to medium and small-sized businesses that do not require the implementation of advanced warehouse technologies and high-speed automation. Warehouse Management System Market Report Highlights The market for warehouse management system is anticipated to witness substantial growth during the forecast period d...

  The global digital marketing software market size is expected to reach USD 264.15 billion by 2030, registering a CAGR of 19.4% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. A growing focus on expanding customer reach globally and the quick digitization of many corporate sectors are driving the growth of the digital marketing software market. As the Internet, smartphones, social networking sites, and online marketing software become more widespread, and businesses increasingly use digital marketing strategies to study consumer behavior. Additionally, COVID-19 has benefited the sales of digital marketing products. During the COVID-19 pandemic, companies opt for digital marketing software to promote and market their products to a wider audience. Digital Marketing Software Market Report Highlights The adoption of marketing automation software is anticipated to gain traction over the forecast period it is widely used by ...

The global  cosmetic surgery and procedure market  size is expected to reach USD 332.11 billion by 2030, registering a CAGR of 14.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. Technological developments, growing use of social media, and increasing disposable income are some of the factors likely to drive the market during the forecast period. Cosmetic Surgery And Procedure Market Report Highlights The rising volume of cosmetic surgeries due to increasing demand from emerging countries is expected to boost the market The cosmetic surgery or surgical procedure segment accounted for the maximum share in 2016 due to increasing affordability of cosmetic procedures, increasing the safety of surgeries, the growing reliance of patients on surgeries to achieve positive outcomes, the presence of skilled surgeons, and long-lasting results The non-surgical cosmetic procedure segment is likely to witness the fastest growth in the coming years due ...

The global  furniture market  size is expected to reach USD 1,070.87 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 5.9% from 2023 to 2030. The rising demand for branded home furniture coupled with rising consumer spending capacity on home décor products is driving the furniture industry. Additionally, government supported initiative to provide housing for all is also expected to positively impact the growth. Furniture is a movable product intended to support various activities performed by humans such as seating, sleeping, and eating, among others. It has now become a vital part of human life since non-nomadic culture. Nowadays, it can also be designed and used as a decorative object. Furthermore, the purchase and consumption of furniture have become easier due to the availability of online platforms. For instance, Pepper-fry, Fab-Furnish, and Urban-Ladder are some of the online furniture-...