PUBLISHER: Acute Market Reports | PRODUCT CODE: 1271315
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1271315
The global electric bug zappers market is expected to grow at a CAGR of 3.5% during the forecast period of 2023 to 2031. The incidence of vector-borne diseases is anticipated to increase the demand for electric insect killers. These devices kill insects using high-voltage electrical grids, thereby lowering their number and the risk of disease transmission. The growth of the global market for electric bug zappers is anticipated to be fuelled by a growing awareness of the need of managing mosquito populations in residential areas. The expansion of e-commerce is anticipated to have a beneficial effect on the market for electric insect killers. E-commerce platforms make it easy for consumers to compare products and pricing and acquire the most suitable insect zapper for their needs. Manufacturers are spending R&D to generate more effective, efficient, and user-friendly insect killers.
The electric bug zapper is a device used to electrocute a variety of insects and pests. UV light is especially efficient against insects that are attracted to it. A light source attracts insects, while a high-voltage grid electrocutes them upon contact. To lower the insect population and prevent the transmission of vector-borne diseases, electric bug zappers are frequently employed in homes and outdoor areas. They are a chemical-free alternative to conventional pesticides and provide the benefits of being simple to use, economical, and ecologically benign.
Insects and bugs transmit diseases to humans, including dengue, Zika, and chikungunya. Each year, more than 700,000 deaths are attributed to malaria, dengue, schistosomiasis, human African trypanosomiasis, leishmaniasis, Chagas disease, yellow fever, Japanese encephalitis, and onchocerciasis, according to the World Health Organization (WHO). More than 17% of all infectious diseases are transmitted by vectors. Anopheline mosquitoes transmit the parasite disease malaria. Around 219 million instances of the virus are reported annually, resulting in over 400 thousand fatalities. The majority of deaths occur among children under the age of five. The most prevalent virus spread by Aedes mosquitoes is dengue. Almost 3,9 billion individuals in over 129 countries are at risk for developing the disease. Each year, approximately 96 million symptomatic cases and 40,000 deaths are attributed to dengue. Thus, the increased frequency of vector-borne diseases is anticipated to drive the growth of the electric bug zapper market shortly.
Online purchasing has made it more convenient for consumers to acquire bug zappers without leaving their homes. This has been particularly useful during the COVID-19 outbreak when people are attempting to restrict their exposure to one another. By 2023, it is anticipated that online retail sales would reach $6.17 trillion, with e-commerce websites accounting for 22.3% of all retail sales. The U.S. e-commerce market was projected to surpass $875 billion in 2022. Consequently, it is projected that the expansion of the e-commerce industry would fuel the growth of the electric bug zapper market over the next several years.
North America dominated the global electric insect zapper market in 2022 and the trend is expected to continue during the forecast period of 2023 to 2031, according to the most recent industry prediction. Shortly, market growth in the region is anticipated to be driven by people's active outdoor lifestyles and heightened awareness of the dangers posed by vector-borne diseases. Asia-Pacific is anticipated to have the sector's fastest growth during the forecast period. In the coming years, the prevalence of vector-borne diseases and the existence of key manufacturers are projected to increase electric bug zapper market statistics in the region. Due to an increase in consumer awareness of vector-borne diseases in Europe and South America, the industry in these regions is predicted to expand at a rapid rate throughout the forecast period.
Alliance Sports Group, L.P., Aspectek, BLACK+DECKER, Flowtron (Armatron Company), GLOUE, HEMIUA, Koolatron, Liba USA, Livin' Well, Woodstream Corporation, and Other notable players are industry leaders. Bug zappers featuring LED lights, longer-lasting grids, and bigger coverage areas are being introduced by manufacturers. To enhance their electric insect zapper market share, they are collaborating with internet retailers and developing e-portals. Major players are increasing their marketing efforts to promote their goods and generate knowledge about the benefits of electric bug zappers. They are participating in marketing efforts such as traditional and digital media advertising and partnerships with retailers and influencers.
In 2022, GLOUE developed a new indoor range of GLOUE Bug Zappers with UL certification. To attract insects, the zapper employs a 360° UV light bulb with a wavelength of 365 nm.
Stanley Black & Decker, Inc. announced in 2021 that it would implement the following strategies to increase its revenue: capturing growth potential in various end-markets and adjacencies, improving profitability and return on invested capital, systematic capital allocation & continuous portfolio enhancement, and portfolio development. Also, the company declared ambitions to concentrate on worldwide markets and seek opportunities to expand into other geographies. The company intends to acquire complementary businesses to strengthen its present market position.
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Electric Bug Zappers market are as follows:
Micro and macro environment factors that are currently influencing the Electric Bug Zappers market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.