The China medical tourism market was worth US$ 8.9 billion in 2022, and it is expected that it will increase at a CAGR of 16.1% to surpass US$ 45.98 billion by 2033. Factors such as decreased treatment costs in developing countries, accessibility to the most up-to-date medical technology, boosting compliance with international and local requirements for quality and service, along promotion …
Monthly Archives: March 2024
Underwater Hotels Market Sees a Striking 13.60% CAGR, Eyeing US$ 11.6 Billion in 2032 | FMI
The market for underwater hotels is anticipated to increase from US$ 3.5 billion in 2022 to US$ 11.6 billion by 2032, with a significant compound annual growth rate (CAGR) of 13.60% from 2022 to 2032. The growth of the Underwater Hotels market was mainly driven by the increasing R&D spending across the world. The demand for underwater hotels is …
UK Outbound Tourism Market Grand Vision of US$ 175.2 Billion by 2032 and 8.60% CAGR | FMI
The UK outbound travel market is anticipated to surpass US$ 175.2 Billion by 2032, up from US$ 76.7 Billion in 2022, growing at a substantial CAGR of 8.60% during the projection period. Despite the slowdown in economic growth, European outbound travel has grown by 3%. Globally, the United Kingdom is one of the top five spenders on outbound tourism. Outbound …
South America Tourism Market Projections Signal a 4% CAGR Boost to US$ 473.68 Billion by 2032 | FMI
With a predicted compound annual growth rate (CAGR) of 4%, the South America tourism market, appreciated at US$ 320 billion in 2022, is likely to surpass US$ 473.68 billion in valuation by 2032. Architectural masterpieces along with cultural diversity and many more factors are expected to increase the demand for South America tourism. Tourism is one …
Middle East Tourism Market Targets an Impressive US$ 400.71 Billion by 2032 | FMI
The Middle East tourism market, whose valuation stands at US$ 246 billion as on 2022, is projected to grow at a CAGR of 5%, and the valuation is expected to go up to US$ 400.71 billion in 2032. Being a religious hub and offering tourists an experience of both modern society and ancient spots, the Middle East tourism market is expected to grow. …
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River Cruises Market Forecasted for US$ 1.71 Billion Revenue by 2032 | FMI
With a compound annual growth rate of 2%, the worldwide river cruises market is expected to reach a revenue of approximately US$ 1.71 billion by 2032, up from US$ 1.45 billion in 2022. (2022 to 2032). River cruises as an industry is flourishing in Europe, the United States, Southeast Asia, and Africa. Some popular locations on river cruises include London, Paris, Amsterdam, …
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Europe Automotive Tire Market Poised for 4.8% CAGR Growth, Projected to Exceed US$108.7 Billion by 2033
As per Future Market Insights (FMI), the Europe automotive tire market value is projected to rise from US$ 68.4 billion in 2023 to US$ 108.7 billion by 2033. Sales of automotive tires across Europe are likely to soar at 4.8% CAGR throughout the forecast period. Rapid growth of automotive sector, adoption of electric vehicles, and …
Smart Motors Market Set to Achieve a Remarkable US$ 3.2 Billion Milestone by 2033 with a Steady 5.2% CAGR
The smart motors market is forecasted to garner revenue of US$ 3.2 billion by 2033, up from US$ 1.9 billion in 2023 advancing at a rate of 5.2% from 2023 to 2033. The smart motors market has been witnessing significant growth in recent years, driven by the increasing adoption of industrial automation and the integration …
Automotive Wheel Hub Bearing Aftermarket Set to Surge at 5.0% CAGR from 2023 to 2033, Projected Market Value to Reach US$ 1,810.7 Million by 2033
Global aftermarket automotive wheel hub bearing sales are set to total over US$ 1,114.2 million in 2023, as per Future Market Insights (FMI). The Automotive Wheel Hub Bearing Aftermarket is expected to expand at a value CAGR of 5.0% from 2023 to 2033, reaching a valuation of US$ 1,810.7 million by 2033. Rising demand for …
Global Friction Modifier Additives Market Surges to a Staggering US$ 1,617.8 Million in 2023, Predicts Future Growth to Reach US$ 2,464.7 Million by 2033
The market could expand at a CAGR of around 4.3% from 2023 to 2033 with the continued spike in demand for friction modifier additives. FMI further anticipates the global market may be rising to a sizeable valuation of US$ 2,464.7 million by 2033 from US$ 1,617.8 million in 2023. These additives have become essential for lowering …