The global faith based tourism market is anticipated to be worth US$ 13.7 billion in 2022. Market size is anticipated to grow at a 10.4% CAGR, reaching US$ 37 billion by 2032. The travel and tourism sector benefits from faith based tourism. Increasing preference among tourists to explore untouched heritage sites across the globe is expected …
Monthly Archives: August 2022
Glamping Market is Projected to Grow year-on-year by 10.4% in 2022 and Industry Size will Surpass US$ 3.4 Bn in 2022
The glamping market is projected to grow at a stunning 11.8% CAGR over the evaluation period to reach a valuation of US$ 10.6 Bn in 2032.. Land adventure tourism is gaining popularity across the globe. The advent of technology and recent developments in outdoor sports activities that include optimal safety of tourists is boosting sales in …
Educational Tourism Market to Grow at 17.2% CAGR in 2031 | School Trips Are Driving the Demand for Educational Tourism
The global educational tourism market size will surpass US$ 399.8 Bn in 2021. Between 2021 and 2031, the market is expected to exhibit compound annual growth rate (CAGR) of 17.2%. Governments all across the globe have contributed to the modernization of the education system by creating smart learning initiatives and aligning education curricula with global teaching standards. …
Medical Tourism Market to Reach 122 million by the End of 2030 and Expand at an impressive 12.3% CAGR in 2030
The medical tourism market to Reach 122 million by the End of 2030 and Expand at an impressive 12.3% CAGR in 2030 While healthcare efforts were still concentrated on handling the COVID-19 crisis, they partially reversed growth estimates for 2020 as the situation stabilised. From 2021 forward, treatment of life-threatening illnesses and chronic conditions will start …
North America Ceiling Cassette Market Is Projected To Reach A Valuation Of US$ 3,427.1 Mn By The End Of 2032, Future Market Insights Inc.
The North America ceiling cassette market is expected to grow at a CAGR of 4.8% in the forecast period (2022-2032) and reach a valuation of US$ 3,427.1 Mn by the end of 2032. Rapid development of urban areas in North America and ongoing technological advancements in the field of air conditioning are projected to drive the market. Besides, urgent need for energy-efficient …
Worldwide DC Switchgear Market Holds Average Growth Prospect With An Anticipated CAGR Of 6% CAGR During 2022-2032
As per a recent report published by FMI, the DC switchgear market is expected to record an average CAGR of 6% during the forecast period. The region’s dominance in the global market is due to the implementation of innovative grid programs by several governments in this region and enormous investments for modernizing electricity transmission and distribution networks. Over the …
Domestic Booster Pumps In Europe Currently Contributes 22.9% To The Global Industry Landscape | Future Market Insights
In a new market study, Future Market Insights (FMI) opines global Domestic Booster Pumps Market to surpass US$ 4.63 Bn by 2030, growing at a 7.1% CAGR through 2030. The document attributes the boom of the marketplace to rising recognition among consumers concerning the provision of strength-green technologies. Furthermore, the growth of the e-commerce enterprise is widening the …
Global Woodworking Circular Saw Blades Market Stands At A Valuation Of US$ 50.4 Mn In 2022
The woodworking circular saw blades market is projected to reach a valuation of US$ 68.3 Mn by the end of 2029, as per the latest report by FMI.The rise in the cost of raw materials such as roundwood and timber has increased manufacturing costs and reduced profit margins. The global woodworking circular saw blades market is expected …
Camping and Caravanning Market is Projected to Rise at a CAGR of ~7.6% in 2030 | Europe Region is Expected to Retain its Dominant Position
The global camping and caravanning market is projected to rise at a CAGR of ~7.6% between 2020 and 2030. According to Future Market Insights, the market will expand steadily. Currently, the majority of nations, including the Philippines, India, Thailand, Brazil, and the United Arab Emirates, are investing considerably in their airports to improve arrival/departure facilities …
U.S. Power Transformer Market Is Expected To Grow At A 3% CAGR By 2031, Future Market Insights Inc.
Future Market Insights (FMI) states that, power transformer market revenue grew by 10% between 2019 and 2021, reaching US$ 21.9 billion in 2021 with a healthy CAGR of 4.6%.The power transformer market grew by 4% year on year in 2021, owing to increased efforts to incorporate modern energy solutions into existing power systems and high demand for …