With a projected share of US$ 9.5 billion in 2022, the worldwide surfing tourism market is expected to grow at a compound annual growth rate (CAGR) of 6% from 2022 to 2032, when it is expected to reach US$ 17.1 billion. Being a great cardiovascular exercise, the demand for surfing tourism is surging. Since this …
Monthly Archives: January 2024
Charting the Course through 2033 in the Dynamic Landscape of Fire Sprinkler Systems
In 2023, it is predicted that the global market for fire sprinkler systems will have sales of US$ 12,973.4 million US$. By 2033, the market is projected to have grown at a CAGR of 5.9% and be worth US$ 22,695.8 million. The market has gained popularity from the expansion of the residential and commercial construction sectors. This …
Network Equipment Market Set to Reach US$ 65,788 Million by 2032 with 8.3% CAGR
The network equipment market is poised for remarkable growth in the coming years, with a projected valuation of US$ 65,788 million by the year 2032. This substantial expansion is anticipated to occur at an impressive CAGR of 8.3%. The surge in demand for network equipment is driven by the ever-increasing reliance on digital connectivity across industries and households alike. …
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Welding Consumables Market is Anticipated to Grow at a 6% CAGR by 2033 | FMI
In 2023, the global welding consumables market is expected to be worth US$ 18.02 billion. From 2023 to 2033, the market is predicted to grow at a CAGR of 6%, exceeding a valuation of US$ 32.27 billion. The growth and sustainability of the welding consumables industry are driven by several factors. The major reason is fast industrialization and infrastructural development throughout the …
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Market for Mechanical Locks Is Anticipated to Grow at a CAGR of 3.9% Between Now and 2033 | FMI
The mechanical locks market is predicted to be worth US$ 7,112.1 million in 2023, rising to US$ 10,426.9 million by 2033. Mechanical lock adoption is expected to grow at a CAGR of 3.9% throughout the forecast period. Electronic door locks are becoming more and more common with the elimination of keys, while features that can be automated include remote locking/unlocking. Smartphone application can …
Sustainable Tourism Market Surges Toward a Massive US$ 8.4 Trillion Landscape, Driven by a 23.4% CAGR Through 2032 | FMI
In 2022, the market for sustainable tourism is expected to develop at a pace of 33.3% annually. The size of the sustainable tourism market is expected to exceed US$ 1.0 trillion by 2022, according to the FMI estimate. The market is anticipated to develop at a compound annual growth rate (CAGR) of 23.4% between 2022 and 2032.It is anticipated that the worldwide market …
Safety Light Curtains Market Set to Shine at US$ 1.8 Billion by 2033, Riding a Radiant 5.4% CAGR Trajectory | Future Market Insights,Inc.
The safety light curtains market is expected to be worth US$ 1.1 billion in 2023. The market is expected to reach almost US$ 1.8 billion by 2033, expanding at a CAGR of 5.4% during the forecast period. The industry is experiencing significant growth due to the increasing demand for safety systems in various end-use industries. Such as …
Carbonless Paper Market: Surging Ahead with a CAGR of 6.7% by 2032, Paving the Way for Efficient Copying Solutions
Projected to solidify its position, the carbonless paper market is set to flourish at a steady Compound Annual Growth Rate (CAGR) of 6.7% throughout the forecast period from 2022 to 2032. With an estimated revenue of US$ 4.29 billion in 2022, the global market is anticipated to surpass US$ 7.69 billion by the conclusion of 2032. This …
By 2023, the Laundry Care Market is Projected to Reach a Value of US$ 180.3 Billion | FMI
The global laundry care industry is expected to be worth almost US$ 98.2 billion in 2022. It is thus expected to have produced US$ 180.3 billion by 2033, with a 5.7% CAGR from 2023 to 2033. The growing demand for laundry care products as a result of the expanding population in emerging nations is the primary driver driving the global market’s expansion. The …
Fruit Punnet Market: Projected to Flourish with a CAGR of 4.9% by 2032, Redefining Fresh Produce Packaging Trends
Expected to exhibit a steady Compound Annual Growth Rate (CAGR) of 4.9%, the fruit punnets market is poised for significant expansion, projected to achieve a market share of US$ 1.69 billion in 2032, marking substantial growth from the US$ 1 billion recorded in 2022. The surge in market value underscores the rising demand for efficient and sustainable …