New Product Development
The global duct tapes market is projected to register year-on-year (YoY) growth of 4.6% in 2021 to total 2.4 billion square meters. The duct tapes market value totaled US$ 4.0 billion in 2020, according to Future Market Insights (FMI). The global sales of duct tapes are poised to reach US$ 6.9 billion by 2031, growing at a CAGR of 5.2% for 2021-31. With duct tape applications …
Continue reading “Duct Tapes Market is projected to expand at a CAGR of 5.3% by 2031”
The ecotel tourism market is expected to reach US$ 470 Billion in 2022. As per the report, sales are forecast to increase at a robust 12% CAGR, with the market valuation reaching US$ 1459.75 Billion by 2032. The Ecotel is a new concept in hospitality that claims to work for environment preservation and protection. Hotels must have to pass a detailed inspection and satisfy …
Continue reading “Ecotels Tourism Market Forecast to increase at a robust 12% CAGR in 2032 | FMI”
The global airport security market is projected to reach a valuation of US$ 13 Bn in 2022. Sales are projected to increase at a 5% CAGR, with the market size reaching US$ 21 Bn by 2032. The rapidly growing travel and tourism sector is altering how the world economy looks. The travel sector has made a substantial economic impact in recent years. Airport …
Continue reading “Airport Security Market to Reach a Valuation of US$ 13 Bn in 2022 | FMI”
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; …
The sustainable tourism market is expected to grow at a 33.3% in 2022. As per the FMI analysis, the sustainable tourism market size will surpass US$ 1.0 Tn in 2022. Sustainability in tourism is an ethical practice in tourism similar to responsible tourism and ecotourism. Sustainable tourism has been in practice since 1992. Sustainable tourism is all about efficient technology, cleaner production, …
The global philippines tourism Market is expected to reach a valuation of US$ 10.8 Bn in 2022. Sales are projected to grow at 10.9% CAGR, with the market size reaching US $30.4 Bn by 2032. There are several opportunities to explore natural wilderness in the Philippines. The Sierra Madre in Luzon and the Balbalasang-Balbalan National Park in Kalinga, for instance, are …
Continue reading “Philippines Tourism Market is Likely to Grow at 10.9% CAGR in 2032 | FMI”
The global diving tourism market to reach a valuation of US$ 2,940 Mn in 2022. Overall sales are projected to increase at a 6.0% CAGR, surpassing US$ 5,281 Mn by 2032. Water adventure tourism, often known as water-based tourism, is becoming increasingly popular across the globe. Technological developments and advancements in water sports equipment have a greater impact …
Continue reading “Diving Tourism Market is Projected to Increase at US$ 5,281 Mn by 2032 | FMI”
The bleisure tourism market is projected to reach nearly US$ 497.5 Bn in 2022. With demand increasing at a stupendous 19.5% CAGR, the market valuation will total US$ 2,967.1 Bn by 2032. As per FMI, the bleisure tourism market accounts for 30%-35% of the global business travel market. Employee engagement is a critical aspect in various organizations and leaders are looking for …
Continue reading “Bleisure Tourism Market is Estimated to Reach at a US$ 2,967.1 Bn by 2032 | FMI”
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. …
The global Medical Tourism market is expected to be valued at US$ 5.2 Billion in 2022.The medical tourism market Size is likely to register a growth of 30.5% CAGR during the assessment period of 2022 and 2032.Considering this, FMI has projected the market valuation to reach US$ 75 Billion by 2032. An increasing number of medical tourism facilitators are …
