The outbound tourism landscape in Japan is anticipated to expand at a CAGR of 27.1% during the projected term. The ecosystem value is projected to grow from US$ 5,271.0 million in 2023 to US$ 57,856.2 million by 2033. The Japan outbound tourism revenue was valued at US$ 3,670.0 million at the end of 2022. The growing popularity of leisure travel, the …
Monthly Archives: March 2024
Exploring Growth Avenues: Floating Hotel Market Targets US$ 8,223.4 Million by 2033 | FMI
The floating hotel market was estimated to be worth US$ 4,506.2 million in 2023 and is projected to increase at a rate of 6.2% per year to US$ 8,223.4 million by 2033. Floating hotels offer a unique and captivating experience on water bodies such as rivers, lakes, or oceans, providing a unique and adventurous accommodation option. They offer breathtaking views, a serene ambiance, …
Smart Travel Sector Market Set to Soar, Predicts 16% CAGR, Targeting US$ 126.9 Billion by 2033 | FMI
The smart travel sector market is expected to grow significantly in the coming years, with a forecasted worth of US$ 28,763.8 million in the current year 2023. FMI anticipates this trend to continue at an excellent CAGR of 16%, over the years between 2023 and 2033. These encouraging numbers show how the smart travel sector is …
Travel Agency Services Market Forecasted to Eclipse US$1,280,410.5 Million by 2033 | FMI
The travel agency services market is expected to develop at a rate of 10.90% per year to reach US$ 1,280,410.5 million by 2033, from its estimated US$ 455,023.4 million in 2023. The agencies have adapted to the digital era by leveraging technology and online platforms to cater to changing traveler preferences. Despite competition from online travel agencies and direct booking options, travel agencies …
Compound Semiconductor Materials Industry Surges, Propelled by Electric Vehicle Advancements, Forecasting a Whopping US$ 69.02 Billion Valuation by 2033
The compound semiconductor materials market size is predicted to be worth US$ 24.31 billion in 2023 and rise to US$ 69.02 billion by 2033. Initially, the global market was expanding at a CAGR of 9.1% from 2018 to 2022. Data transactions have increased due to growing industrialization, which is fueling the expansion of the semiconductor market globally. …
Global Copper Foil Market Set to Surge to US$ 13,746.9 Million by 2033, Fueled by Expanding Electronics and Electric Vehicle Industries
The global copper foil industry size is predicted to register a CAGR of 7.4% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 6,732.3 million in 2023 to US$ 13,746.9 million by 2033 end. The robust growth of the copper foil industry can be credited to the surge in demand for …
Future Market Insights (FMI) Foresees Dolomite Market Skyrocketing Beyond US$ 5,487.1 Million by 2033, Fueled by Multifaceted Industrial Demands and Sustainable Innovations
According to forecasts, the dolomite market size is expected to be US$ 3,567.3 million in 2023 and US$ 5,487.1 million by 2033. Throughout the projection period, demand for low-carbon steel products is predicted to rise and support market expansion. Government-led fiscal stimulus is the main driver of the nation’s economic development, which boosts investor spending and company …
Global Polycarbonate Sheets Market Poised for Remarkable Growth Fueled by Automotive and Construction Sectors, Anticipates 4.3% CAGR by 2029 with Thriving Asia Pacific Market Dynamics
The global polycarbonate sheets market is set for propitious growth, invigorated by promising demand from automotive, and building & construction industries. Witnessing a projected CAGR of 4.3% from 2019 to 2029, this billion-dollar industry will receive noteworthy momentum from the Asia Pacific market. Expediting infrastructural activities in developing countries continue to create lucrative white spaces for …
Global Anti-Seize Compounds Market, Predicting a 4.1% CAGR Surge Between 2022 and 2029, Propelled by Robust Infrastructure Investments Worldwide
According to the latest report by FMI, the global anti-seize compounds market is expected to reach a valuation of US$ 236.4 Million by 2029. Increasing urbanization and rapid industrialization are creating massive opportunities for the construction industry, and significantly contributing to the rising demand for anti-seize compounds. Substantial growth in the anti-seize compounds market is mainly backed …
Global Nitric Acid Market Forecasts Project a Whopping US$ 42.7 Billion Valuation by 2033, Fueled by Escalating Demand in Automotive Sector and Agrarian Economies
The global nitric acid market is anticipated to attain a valuation of US$ 30.66 billion in 2023 and is estimated to reach US$ 42.7 billion by 2033, trailing a CAGR of 3.3% during the forecast period. The nitric acid market is poised for growth, fueled by the rising demand from fertilizer formulators and the increased consumption of …