New Product Development
The GCC outbound tourism market is anticipated to be appraised at US$ 65.5 Billion by 2032, up from US$ 18.3 Billion in 2022, progressing at a considerable CAGR of 13.60% during the forecast period. Outbound tourism is when an individual travels outside his native country, either for vacation or business trip. Outbound tourism impacts the economy of a country owing to tourist spends; …
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Watertight doors market witnessed sales of nearly 77,570 units by 2021 and is poised to register year on year growth of 6.7% in 2021. As per a study by Future Market Insights (FMI), buoyancy of the global watertight doors market can be attributed to- Optimistic outlook of coastal and marine tourism Surging rate of ocean-based …
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The luxury hotel market is poised to reach a valuation of US$ 95,113 million in 2022 and US$ 160,481.2 million in 2032. Demand is projected to increase at a 5.0 % CAGR during the forecast period. The growth of the travel and tourist industry, a rise in consumer demand for leisure travel, and changes in standard of living all contribute to the …
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The market for industrial temperature controllers is expected to grow from its current net worth of US$ 2.08 billion in 2022 to US$ 3.03 billion by the end of 2030. From 2022 to 2030, the global demand for industrial temperature controllers is anticipated to grow at a CAGR of 4.8%. The market has been able …
The global educational tourism market is estimated to reach a value of US$ 1,947.0 billion by 2031, with a robust CAGR of over 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. The as artificial intelligence (AI), machine learning, virtual reality (VR), augmented …
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With surging industrial safety concerns and frequently evolving safety regulatory guidelines, fire trucks continue to witness significant technological innovation. To cater to stringent norms set by the US NFPA (National Fire Protection Association) and other government affiliated entities, manufacturers of fire trucks are focusing on equipment upgrade – translating into demand growth in the fire …
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The smart pet collar is a multi-purpose tool, unlike the traditional collar. A smart pet collar is a high-tech collar that link wirelessly to a smartphone through Wi-Fi or Bluetooth and provide insights which help in tracking the activity and location of the pet. The relationship between owner and pet is a very superior one. So it’s …
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The global surfing tourism market is estimated to reach at a US$ 9.5 billion in 2022 and are expected to surpass US$ 17 billion by 2032, moving forward with a CAGR of 6% during the forecast period (2022-2032). Being a great cardiovascular exercise, the demand for surfing tourism is surging. Since this sport needs excessive paddling which turns out to …
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The global bamboo products market is expected to total US$ 6.9 Bn in 2022. Growing emphasis on sustainability and plastic waste reduction across the globe is anticipated to drive the market at a healthy 6.1% CAGR, pushing the market size to US$ 12.4 Bn in 2032. Demand for bamboos is expected to rise primarily due to rising demand from key …
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The glamping market is anticipated to reach a valuation of US$ 10.6 Bn in 2032, Projected to grow year-on-year by 10.4% in 2022. The market size will surpass US$ 3.4 Bn in 2022, expanding at an impressive 11.8% CAGR over the assessment period. Land adventure tourism is gaining popularity across the globe. The advent of technology and recent developments in outdoor sports activities that …
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