The Industrial Workwear Market is expected to reach USD 30,758.3 million by 2033, at a CAGR of 5.9% from 2023 to 2033. The industrial workwear market has a 2%-4% share of its parent market (Apparel Industry). According to the study, the apparel industry has undergone a rapid transformation over the past decade. Manufacturers in the industrial workwear market are heavily investing …
Category Archives: Business
Tourism Industry in the Middle East: On Track to Reach USD 453.28 Billion by 2034 – Opportunity Map Analysis | FMI
Tourism in the Middle East is predicted to surge at 5.10% CAGR through 2034. According to estimates, the tourism industry in the Middle East is valued at USD 275.64 billion in 2024 and is projected to surpass USD 453.28 billion by 2034. In an effort to strengthen their tourist industries, countries like Saudi Arabia, …
Electric Vehicle Battery Market Forecasted to Grow at 8.5% CAGR, Reaching USD 21,258.4 Million by 2033
The global electric vehicle battery market is set to strengthen its market hold at a promising CAGR of 8.5%, while it is forecast to hold a revenue of USD 21,258.4 Million by 2033. The market is valued at USD 9,402.3 million in 2023. The Electric Vehicle (EV) Battery Market is witnessing remarkable growth driven by several factors, including the increasing …
Glass Tableware Market Expected to Reach a Valuation of USD 15 Billion by 2033: Product Life Cycle Analysis | FMI
The glass tableware market is predicted to be valued at USD 11 billion in 2023 and USD 15 billion by 2033. Over the projection period, sales in the glass tableware market are expected to increase at a CAGR of 3.1%. As environmental consciousness grows, consumers are increasingly opting for sustainable and eco-friendly products. In response, glass tableware …
Hong Kong Tourism Market: Sales Expected to Increase at a Robust 10% CAGR by 2032 – Tourism Evolution Analysis
The Hong Kong tourism market is expected to reach USD 41.5 Billion in 2032, likely to surge at a strong 10% CAGR during the forecast period of 2022 to 2032. The tourism sector plays a significant role in Hong Kong’s economy. However, the number of visitors from China has been declining since 2014, causing a slowdown in the Hong Kong …
Indigenous Tourism Market Reaches USD 44.86 Billion by 2034: Demand in Optimistic Scenario | FMI
The global indigenous tourism market is on a steady growth path, with a projected value of USD 67,048.50 million by 2034. This signifies a significant increase from its estimated value of USD 44,862.30 million in 2024, reflecting a CAGR of 4.10% till 2034. The Indigenous tourism market is experiencing growth driven by increasing global interest …
Bicycle Tires Market Poised for 6.4% CAGR Growth, Projected to Hit USD 14.6 Billion by 2033
The bicycle tires market is projected to witness substantial growth, with a CAGR of 6.4% from 2023 to 2033. The market is expected to achieve a valuation of USD 7.8 billion in 2023, and by the year 2033, sales of bicycle tires are anticipated to soar to USD 14.6 Billion. Market Growth: The bicycle tires market has experienced steady growth …
Digital Travel Market Demand Soars: Driven by Rising Disposable Income, Government Tourism Efforts, and Increasing Internet and Credit Card Usage 2032
The digital travel market is projected to grow at a compound annual growth rate (CAGR) of 15% from 2022 to 2032. Starting at USD 400 billion in 2022, industry experts anticipate the digital travel market to surge to USD 1,618 billion by 2032. With a multitude of innovative, customer-friendly initiatives, the digital travel industry is flourishing globally, …
Halal Tourism Market: Improved Digital Platforms and Transportation Simplify Access to Halal Facilities by 2034
The global market valuation of the halal tourism industry is expected to reach US$ 417.6 billion by 2034, rising at a compound annual growth rate (CAGR) of 3.6% from 2024 to 2034. In 2023, the market share was forecast to be worth US$ 266.3 billion. The term “halal” refers to what is permissible according to Islamic laws and teachings. With an increase …
Turkey’s Medical Tourism Market Thrives: Steady Growth and Global Recognition for High-Quality Healthcare by 2033
According to Future Market Insights (FMI), the Turkey medical tourism market is expected to grow at a CAGR of 5.92%. The demand value is projected to grow from USD 3,751.6 million in 2023 to USD 6,670.5 million by 2033. Turkey is rapidly emerging as a top destination for medical tourism due to its low treatment costs compared to other countries. Factors such as …