Incentives Tourism Market is Anticipated to Grow at a CAGR of 19.7 % during 2022-2032

The global incentive tourism market is estimated at US$ 109 bn in 2022 and is projected to reach US$ 879.3 bn by 2032, at an expected CAGR of 19.7% from 2022 to 2032.

Incentive tourism programs have been used by companies as a noncash reward to their employees and external partners for achieving key business objectives. It is one of the major contributors of the MICE (Meetings, Incentives, Conferences, and Events) sector.

Incentive tourism emphasizes on fun, food, and other entertainment activities. The major players are companies offering incentive tourism programs as noncash compensation. Such investments being made by the companies for their employees are expected to surge the demand for global incentive tourism.

Incentive tourism is a healthy and positive concept that motivates employees to perform even better. Corporations are spending more on the welfare of their employees.

Wellness travel implies that the traveller will experience physical and mental rejuvenation by the end of the tour. This has increased the popularity of the incentive tourism sector.

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Some of the physical and mental activities like exercises, yoga, rock climbing, swimming, and so on, give the employees a growing sense of respect towards the organization that is striving for its employees’ good health. All these are expected to increase the demand for global incentive tourism.

Companies are looking for ways to expand their businesses within legal boundaries, so that they can serve for the welfare of the society at large. To achieve profits, the employee performance is the most effective cog in the wheel. There can hardly be a better way that to organize company sponsored trips for the deserving employees.

Thus, from the insights provided, it is quite clear that “A conscious effort by the companies to keep the deserving employees motivated by providing them different incentives and many other factors are expected to drive the demand for global incentive tourism.”

Key takeaways

  • The global incentive tourism market is expected to grow at a CAGR of 19.7% during the forecast period.
  • The global incentive tourism market has a valuation of US$ 109000 Million as on 2022.
  • The global incentive tourism market is estimated to reach a valuation of US$ 879300 Million in 2032.
  • In terms of tour type, the package travelers are estimated to account for the highest value share in the global incentive tourism market.
  • By booking channel, the online booking channel is expected to hold a major share in the market.
  • Based on the tour type, the international tourism segment might have the highest market share over the forecast period.
  • In terms of tourist type, the package travelers are estimated to account for the highest value share in the global incentive tourism market.
  • In terms of age group, the 26-35 segment are anticipated to form the major chunk of the market.
  • The eco-tourism is the most popular type of tourism in global incentive tourism market.
  • Currently, men have the maximum market share based on the consumer orientation.

Competitive Landscape of Global Incentive Tourism Market

Leading players operating globally in the market are focusing on expansion and new tour launches to expand their business globally. Moreover, the leading players are also involved in tie-ups with some of the leading firms, which provide incentives to their employees in the form of arranging tourism programs for them. 

Key Developments

  • On 14th August 2020, 360 Destination Group launched the “just the facts” hotel and attraction re-opening tracker. The re-opening tracker includes current information on each destination’s re-opening phase and risk level. In addition, detailed information regarding hotel and attraction re-opening dates.
  • On 12th July 2022, Carlson Wagonlit Travel launched car rental and train booking capabilities on myCWT mobile and web channels.
  • On 26th July 2022, BCD Group named Michele Lawley as the president of European region as Mike Walley joined Boron board.

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Key Companies Profiled

  • 360 DESTINATION GROUP,
  • ACCESS DESTINATION SERVICES,
  • BCD GROUP,
  • CARLSON WAGONLIT TRAVEL,
  • CONFERENCE CARE LTD.,
  • MEETINGS & INCENTIVES WORLDWIDE INC.,
  • ITA GROUP,
  • ATPI LTD.

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Paper Moisture Meter Market to Display Impressive Growth of 8.1% with Rising Demand

By 2022, it is anticipated that the market for paper moisture metres will be worth US$2.1 billion. It is anticipated to have a market value of US$ 5.2 billion and grow at a CAGR of 8.1% from 2022 to 2032. The demand for paper moisture metres is likely to increase in the coming years due to the urgent need to determine the best drying times and spot moisture streaks in the paper-making process.

The humidity of paper and paper products can be measured using paper moisture metres. One of the key factors expected to propel the growth of this market is the increasing use of these metres to prevent the costly damage that frequently results from paper shrinking or expanding.

Additionally, relative humidity or absolute humidity can be used by paper moisture metres to calculate the moisture content. The temperature has an impact on relative humidity, whereas temperature has no impact on absolute humidity.

The demand for paper moisture metres is anticipated to increase in the near future due to the growing use of these metres by paper mills, paper manufacturers, and paper producers. To promote the use of these metres, governments and private organisations are expected to run public awareness campaigns. They aid in regulating humidity and moisture because too much of either can lead to paper roll warming.

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Some of the Major Factors Influencing the Growth of the Paper Moisture Meter Market

Paper absorbs moisture that is proportional to the environment’s humidity whether it is stacked in paper bales, sheets, or rolls in paper-converting facilities or in commercial printing warehouses. Flat paper products may develop waves, buckling, or curling as a result of this moisture, which can be problematic. Additionally, during processing and printing, it might stop coatings, inks, paints, and dyes from adequately saturating and covering papers.

It is anticipated that the paper moisture metre market will grow during the assessment period due to the rising adoption of digital metres for measuring the moisture content in paper and paper products, such as brown packaging paper, cardboard, coated paper, wrapping paper, craft paper, recycled paper, corrugated boxes, butcher paper, and paperboard.

Another important factor that is anticipated to contribute to the growth is the accessibility of a wide range of metres that offer a variety of paper moisture measurement techniques. A lot of manufacturing firms are developing destructive and nondestructive techniques to measure moisture content. The demand for standard pinless paper moisture metres, which allow for nondestructive moisture measurement, is expected to increase.

The Asia Pacific Emerges as an Opportunistic Paper Moisture Meter Market

By capturing the largest market share for paper moisture metres in the near future, Asia-Pacific is predicted to maintain its leadership position. The market is expected to benefit from India’s newspaper industry’s ongoing expansion.

Newspapers are expected to be printed in all regional languages thanks to the rising import activities related to new printing equipment and the quick technological advancement in the field of machinery. The Asia-Pacific market will benefit from India’s increased demand for moisture metres due to the accessibility of newspapers in a variety of languages.

Contributing to the growth of the paper moisture metre market.

The market for paper moisture metres in North America is anticipated to expand steadily over the ensuing years. Numerous well-known paper product companies, including NewPage, Sonoco, RockTenn, Graphic Packaging, and Kimberly-Clark, are present in the United States, which has contributed to this growth.

Another important factor that is likely to spur the growth of the paper moisture metre market in North America is the ongoing development of the e-commerce sector in Canada and Mexico due to the rising penetration of smartphones, easy access to the internet, and availability of a wide range of products at discounted prices. Since December 2019, the COVID-19 pandemic has also helped the market in the United States thanks to a rise in panic buying, particularly for tissues and toilet paper.

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Key Segments Profiled in the Paper Moisture Meter Industry Survey

By Groups:

  • Absolute Paper Moisture Meter
  • A Relative Paper Moisture Meter

By paper type:

  • Cartons
  • Writing Paper
  • Copperplate Paper
  • Other (Newsprint Papers)

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Africa and the Middle East

Market Competition

Some of the most renowned companies present in the global paper moisture metre market are Electromatic Equip’t Co., Kett, Acmas Technologies Pvt. Ltd., Schaller, Delmhorst, and Extech Instruments, among others.

The majority of the leading players are focusing on partnering up with domestic and small-scale firms to co-develop new products and cater to the high demand from various end-use industries worldwide. A few other key players are investing huge sums in capacity expansions to manufacture more products to boost sales and compete with their rivals.

Water Desalination Equipment Market to be US$ 25 Billion by 2022 – 2032 | Future Market Insights

By 2022, it is anticipated that the market for water desalination equipment will have grown to a value of over US$ 13 billion. During the forecast period, a CAGR of 9% is anticipated. The market is anticipated to reach US$ 25 billion by 2032 as a result of the world’s increasing lack of potable water resources.

Brackish water, seawater, or any other type of water can be purified using water desalination equipment, a type of industrial device. Desalination technology makes it possible to separate salts and minerals from a variety of water sources, including industrial feed, wastewater, wells, and others, and then transform those waters into freshwater or potable water. As a result, the machinery is frequently used in many different industries, such as oil and gas, mining, agriculture, chemicals, and public settings.

The demand for water desalination equipment is expected to increase due to the expanding population and their rising water needs. Desalination machine sales have increased due to the disruption of the water cycle caused by climatic changes, which is also causing a shortage of water.

Additionally, due to the increasing use of water in various end-use industries as a result of rapid industrialization, there is an increased need for desalination facilities and equipment in a variety of industries.

Droughts and a lack of freshwater resources are driving up the demand for water treatment, particularly desalination, in arid areas.

The removal of toxic metals, such as boron and mercury, during the desalination process to create potable water was described in a study led by Berkeley Lab and the University of California, Berkeley, and published in the journal Science. The new method aids in the recovery of priceless metals like gold. This kind of research is intended to raise awareness of the water desalination technology available today.

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latest trends Boosting Water Desalination Equipment Market Growth

Reverse osmosis technology is becoming more widely known for efficiently treating all types of water feed, which is likely to increase demand for desalination equipment in developing nations like Saudi Arabia, China, and India.

As a result, it is anticipated that in the years to come, the use of water desalination equipment will increase due to the global population growth’s impact on groundwater reserves.

The management of operations, process control, parameter monitoring, and risk detection through the use of digital technology in desalination plants is likely to support the market expansion. Additionally, it will increase freshwater yield and decrease brine output.

In addition, the deployment of water purification and desalination technologies is mandated by the prevalence of strict government regulations on the release of effluent water from growing manufacturing facilities.

The World Health Organization (WHO) estimates that each year diarrhea-related deaths will total close to 829 000 due to poor sanitation, hand hygiene, and unsafe drinking water. To support the market’s expansion, the government is focusing on establishing water treatment facilities in the municipal sector.

The Middle East and Africa Meet the Needs of the Expanding Water Desalination Equipment Market

Due to the rising demand for potable water from nations like the UAE, Israel, and Saudi Arabia, the Middle East and Africa are expected to dominate the market.

There will be a huge demand for water desalination equipment due to the expanding construction industry and utility activities in Saudi Arabia, Qatar, Kuwait, the United Arab Emirates, and Qatar.

Desalination technology sales in the area are also anticipated to rise as a result of expanding industrial and municipal markets in the energy, chemical, pharmaceutical, and oil & gas sectors.

Algeria and the Gulf Cooperation Council (GCC) both have a growing understanding of desalination, which will expand the market’s opportunities for making money.

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Key Segments Profiled in the Water Desalination Equipment Industry Survey

Application:

  • Municipal
  • Industrial
  • Others (hospitality, etc.)

Technologies:

  • Reverse Osmosis
  • Nanofiltration
  • Multi-Stage Flash
  • Electrodialysis
  • Vapour Compression
  • Multi-Effect Distillation
  • Others

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • The Middle East & Africa

Market Competition

Doosan Heavy Industries and Co., General Electric, Acciona SA, Genesis Water Technologies, Degremont Sas, Koch Membrane Systems, IDE Technologies, Biwater, Hyflux Ltd., and Cadagua are a few of the major companies that compete in the global market for water desalination equipment.

The market consists of local and international companies that develop, produce, and sell water desalination machinery. A competitive market environment is anticipated to result from the increase in players. In addition, it is predicted that a number of companies, including General Electric, Doosan Heavy Industries and Co, and Hyflux Ltd, will hold a sizable portion of the market.

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Spa Services Market is Expected to See a Significant US$ 140.28 Bn by 2032

The spa services market  is estimated at US$ 105.18 billion in 2022 and is projected to reach US$ 140.28 billion by 2032, at a CAGR of 10% during the forecast period.

Changing lifestyle trends are expected to fuel significant demand for investing in spa therapies for health and wellness consciousness. Hectic schedules are resulting in mental exhaustion, along with eating and sleeping disorders globally.

Unhealthy lifestyles have led to the growing need for stress management, peace of mind, and detoxification of the system. Demand for spa services is expected to remain high, attributed to the increasing need for maintaining a physically and mentally healthy lifestyle.

Moreover, the surge in demand for detoxification of systems, stress management, and therapies for chronic disorders is expected to propel the growth of the global spa services market significantly.

With increasing disposable incomes, customers prefer spending on luxurious services and relaxing therapies. Increasing demand for rejuvenating and relaxing therapies to detoxify the system is continuing to fuel demand for spa services.

The growing need for anti-aging treatments for clogged pores, acne, wrinkles, and hyperpigmentation is further expected to impact the growth of the global spa services market share.

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The increasing old age population is increasingly spending on non-surgical treatments, such as exfoliation and peel, to improve their physical and mental health. Travel restrictions globally have had an impact on the spa services market. However, a recovery in the spa business is anticipated.

As customers place more emphasis on the value of their wellbeing, mental health, and stress alleviation, demand is rising. The current difficulty is finding and keeping enough employees, such as massage therapists and spa managers.

Key Takeaway

  • The spa services market is expected to have a CAGR of 10%, with a market value of US$ 140.28 billion by 2032.
  • COVID-19 has an impact on 45% of the global spa services market.
  • After North America, APAC has the biggest spa services market share of 22%.
  • Europe accounted for 19% of the spa services market share.
  • As of 2022, the total number of spa services in the US fell to 21,560.
  • Based on product type, hotels/resorts segment lead the spa services market and generate higher revenue.
  • Based on the end user, women used spa services more frequently than men.

“The increased demand for body treatments and the continuous rise in health consciousness is expected to boost its market in the forecast period.” – FMI Analyst

How Key Players Influence the Spa Services Market?

Leading players of global spa services are focusing on promotional strategies and advertising popular tourist destinations in various regions to improve demand for spa services. As a result of digitization, start-ups use new technology to connect individuals with salons and spas.

Major players present in the global spa services market are Hyatt Hotels Corporation, Four Seasons Hotel Limited, Marriott International, Inc., Hilton Hotels & Resorts, One SpaWorld Holdings Limited, Siam Wellness Group, Inter Continental Hotels Group plc, Massage Envy, Kempinski Hotels S.A., Brenners Park-Hotel & Spa, among many others.

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Recent Developments:

  • Starting in Dubai, the beauty and wellness appointment scheduling startup Mazkara enables customers to search and discover salons & spas in their vicinity.
  • To draw in new customers and keep existing ones, Naantali Spa completed restoration and room improvements in the first half of 2019.

Global Spa Services Market by Category

By Product Type:

  • Day Spa
  • Resort/Hotel
  • Medical Spa
  • Thermal/Mineral Springs Spas
  • Others

By Service Type:

  • Massage
  • Beauty/Grooming
  • Physical Fitness
  • Others

By End User:

  • Men
  • Women

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

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North America Gasoline Generators Market Are Forecast To Account For 34.4% Of The Total Market Share In 2022 | FMI

The global gasoline generator market is expected to be worth $768.8 million in 2022, with a healthy growth rate of 3.7 % from 2022 to 2029. The expanding construction industry is a major driver of this expansion. The global market for gasoline generators is highly competitive, and small players in the market must compete to gain market share.

FMI projects the U.S. to continue dominating the North America gasoline generator market over the assessment period 2022-2029. As unprecedented power outages at construction sites cause damage to equipment and machinery, gasoline powered generators are increasingly being adopted across infrastructure development projects to provide continuous power supply. Driven by this, sales in the North America gasoline generators market are forecast to account for 34.4% of the total market share in 2022.

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Because new products can create enormous opportunities for market expansion, businesses that want to stay competitive must prioritise product innovation. Portable gasoline generators with less noise and weight may be advantageous, and the development of reasonably priced products may result in significant residential market penetration.

North America to Capture Significant Market Share

There has been substantial growth in the U.S. construction industry over the recent past. As per the U.S. Census Bureau, there has been significant growth in non-residential construction spending. It is also estimated that this particular segment will grow rapidly over the forecast period.

With the growing construction industry, rise in the preference for portable generators (for standby backup power) is expected to surge the demand for gasoline generators over the forecast period. Since 2010, there has been a continuous rise in the U.S. non-residential construction spending with an annual growth rate of ~5-6%, which is likely to boost the demand for gasoline generators in upcoming years.

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Commercial Sector to Remain Key Consumer of Gasoline Generators

A robust market trajectory is foreseen for the gasoline generator market. Commercial and residential sectors spearheading usage of portable generators are likely to remain prominent end users of gasoline generators.

  • Gasoline generators that produce power output in the range of 3,000 watts to 5,000 watts are projected to register prominent growth in upcoming years. Gasoline generators that come under this category are utilized in several end-use sectors in case of power failures.
  • Portable gasoline generators are most-widely utilized generator sets across the globe, which provide electricity by running a gasoline-powered engine. Portable generators are not permanently installed and can be moved from one place to another easily. Portable gasoline generators are available in various sizes depending on the power output.
  • Gasoline generators are primarily utilized for standby backup power applications across several end-use sectors, such as residential, commercial, industrial, and agricultural, among others. The standby backup power application accounts for a major share in the gasoline generator market.

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Gasoline Generator Market: Vendor Insights

The report titled gasoline generator market highlights some of the key market participants, who are well-known market players and have established themselves as prominent stakeholders in the global gasoline generator market.

Some of the examples of key players in the global gasoline generator market are Kohler Co., Honda Motor Co., Ltd., Generac Power Systems, Inc., SGS Engineering (UK) Ltd., Hyundai Power Equipment, Stephill Generators Ltd., Yamaha Motor Co., Ltd., and Champion Power Equipment, Inc., among others.

In terms of market structure and tier analysis, the global market for gasoline generators is mostly fragmented, with top 3 players holding 25%-30% share in the global market. This is mainly due to the large number of Chinese and other players involved in the manufacturing of gasoline generators. Significant players in the market are focusing on mergers and acquisition activities, along with new product launches to expand their global reach.

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Gasoline Generator Market by Category

By Power Output :

  • Less than 1.0 KW
  • 1.0 TO 3.0 KW
  • 3.0 TO 5.0 KW
  • More than 5.0 KW

By Type :

  • Portable Generator
  • Stationary Generator

By Application :

  • Standby Backup Power
  • Continuous Power

By End Use :

  • Commercial
  • Residential
  • Industrial
  • Agricultural
  • Others (Construction etc.)

By Region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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https://issuu.com/sonufmi/docs/lead_acid_battery_market.docx

https://www.scribd.com/document/599086903/Lead-Acid-Battery-Market-Notable-Developments-Geographical-Outlook

https://www.mediafire.com/file/6yv59rau6fen4zk/Lead+Acid+Battery+Market.docx/file

Spa Resorts Market is Estimated to Expand at a 12.0% CAGR through 2032

The spa resorts market is projected to reach a valuation of US$ 99 Bn in 2022. Sales are projected to increase at a 12.0% CAGR, with the market size reaching US$ 125 Bn by 2032.

Social media platforms like YouTube, Instagram, Facebook, Snapchat etc. are being used effectively to advertise Spa resorts and they are hence seeing a lot of visitors.

There is a lot of footfall also because of the stress everyone faces in their day to day to life. And, a spa resort provides a lot of relaxation due to the massages, beauty and grooming packages.

Spa resorts are mostly located close to the nature like the ocean, jungles etc. Being so close to the nature helps one to relax and relive their stress more easily.

“The Spa resorts market is expanding globally because of the need to relax and spa is considered as the perfect stress buster among consumers worldwide “- Says an FMI analyst.

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Key Takeaways:

  • Medical spa is the most preferred spa type among the consumers. Under medical spa there are different treatments like prenatal, fitness and therapy. It is most preferred because people prefer to relax from their stressful life.
  • In spa resorts globally, women are the most popular customers. They like to take relaxing holidays which relieve them of their stress.
  • It has been observed that there are more bookings done by customers through the online segment. Customers are benefitted with more discounts, offers etc. through online bookings on company websites or various social media platforms.
  • More domestic tourists’ footfall is noticed in spa resorts. This is due to the fact that each and every region has one spa resort. Only consumers who are financially stable take holidays to go and spend time in a spa resort

Impact of COVID-19 on the Spa resorts market

Due to the rapid COVID-19 pandemic, one of the most hit markets in 2020 is the spa resorts industry. Due to lockdowns, the temporary prohibition on international travel, domestic travel restrictions, and the tourist, lodging, and food and beverage service industries have slowed down after performing well in 2019.

Changing lifestyles, and interests, and increasing disposable incomes have been changing the face of the spa resorts market globally. The health benefits associated with the spa services such as relief from stress, minimization of body pain, and the calmness offered have made spa services a major part of people’s lives. The growing interest in personal pampering and perception of a spa as a self-improvement investment is expanding the spa resorts market in dimensions across the world. Spa services include a range of services for health management and body relaxation. They include: massages, facials, body scrubs, steam baths, waxing, and nail care.

Who is winning?

Leading players of the Spa resorts are focusing on providing relaxation to their customers and convenience.

Major players present in the spa resorts in the tourism sector market are Radisson Resorts & Spa, Four Seasons Hotel limited, Massage Envy Franchising LLC, Emirates Palace, Six Senses Hotels Resorts Spas, Jade Mountain Resort, Gaia Retreat & Spa, Ananda, Lanserhof Tegernsee among others.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the spa resorts in the tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on Spa Resorts by Type (Salon/Day/Club Spa, Medical Spa (Prenatal, Fitness and Therapy), Hotel Spa, Destination Spa, Mineral Spa, Others (Pet, Baby, Mobile and Cruise Ship)), By End user (Male, Female), By Service Type (Massage, Beauty/grooming, Physical fitness, Others) By Booking Channel (Online Booking channel, In-person booking, Phone Booking), By Tourist Type (Domestic and International), & By Region – Forecast to 2017 – 2032

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Sports and Leisure Equipment Retailing is Expected to Expand at a US$ 331.4 Bn in 2022

The Sports and Leisure Equipment Retailing market is expected at US$ 331.4 billion in 2022 and is projected to reach US$ 410.0 Billion by 2032, at a CAGR of 6.8 % from 2022 to 2032.

As more individuals participate in sports and other recreational activities as a means of improving their health and reducing stress, the sports sector is becoming the largest in the world.

Sports have become more popular as an active and passive form of entertainment. Consumers are gradually spending more on sportswear, with athleisure apparel and accessories accounting for a sizable portion of the cost. The sports market in the twenty-first century is rife with extremes.

Market research is becoming a top priority for marketing sports equipment and accessories as global markets become more and more competitive.

The market is rising vastly, as people are increasingly attracted by the product’s capability to offer sweat-wicking & breathability and enhancement of physical movement. The product assists in safeguarding from extreme weather conditions improve blood circulation, and injury prevention is helping to surge its utilization.

The rising growth of the urban population escalates the consumption of the product due to the increasing involvement of people in fitness activities

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Key takeaways 

  • Based on the sports type fitness sports will be the growing segment in the sports type are people are now more conscious about their health and fitness.
  • Online retail distribution channel for sports equipment is expected to be the fastest-growing segment over the forecast period
  • The Sports and Leisure Equipment Retailing market will grow with a CAGR of 6.8% in the forecast period.
  • The sports and leisure equipment retailing market is growing strongly, characterized by the rapid adoption of new technologies and directness to changing trends.

 “Global Sports and Leisure Equipment Retailing market is driven by the persons choosing healthy lives has significantly increased globally, and consumer involvement in various sporting activities – FMI Analyst said.

Impact of COVID-19 on Sports and Leisure Equipment Retailing market

The outbreak of the coronavirus hurt industries around the world, as blockades and customer restrictions on store occupancy resulted in a decline in sales. The COVID-19 outbreak has affected economies and trades in various countries due to lockdowns restrictions, travel bans, and business shutdowns. The COVID-19 lockdown around the world has imposed a negative impact on the livelihood of people and the world economy as well.

The overall global marketplace breakdown due to COVID-19 is also affecting the growth of the market due to the shutting down of factories, obstacles in the supply chain, and the decline in the world economy.

COVID-19 has impacted the sports and leisure business adversely. The global blockade canceled many pre-ocanceledading to event cancellations and the closure of the sports academy.

The epidemic of COVID-19 has closed many gyms and gyms around the world. However, fitness enthusiasts are stuck indoors and do not disappoint their fitness goals. Many people are motivated to develop home fitness routines that can exceed social distance regulations. Professional gyms and gyms gradually became popular as a busy lifestyle limited the amount of time available for exercise.

Who is winning?

Leading players in the Sports and Leisure Equipment Retailing market are focusing on promotional strategies and advertising popular tourist destinations in various regions to improve sales in the market.

Major players present in the Sports and Leisure Equipment Retailing market are Adidas AG, Amer Sports, PUMA SE, unde Armour, Billabong International Colombia Sport, Daiwa Seiko, New Balance, and Quicksilver

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Sports and Leisure Equipment Retailing Market by Category

By product type, the sports and leisure equipment retailing market is segmented as:

  • Equipment
  • Apparel and Shoes

By end User, the Sports and Leisure Equipment Retailing Market is segmented as:

  • Men
  • Women
  • Children

By Sports Type, the Sports and Leisure Equipment Retailing Market is segmented as:

  • Bike
  • Outdoor
  • Tennis
  • Other Racket Sports
  • Running
  • Fitness
  • Football/Soccer
  • Other Team Sports
  • Winter Sports
  • Water sports
  • Others

By Distribution Channel, the Sports and Leisure Equipment Retailing Market is segmented as:

  • Supermarkets/Hypermarkets
  • Speciality Stores
  • Online Retail Stores
  • Other Distribution Channels

By Region, the Sports and Leisure Equipment Retailing Market is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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Tourism Industry Loyalty Programs Market is Estimated to Expand at a 9.20% CAGR through 2032

The tourism industry loyalty programs market is projected  to reach a valuation of US$ 24 Bn in 2022. Sales are projected to increase at a 9.20% CAGR, with the market size reaching US$ 73.6 Bn by 2032.

Social media platforms are being used to advertise more and more about the Loyalty Programs in the Tourism Sector Market after the covid-19 pandemic.

The personalization of gifts, vouchers to old consumers, discounts, personalized tour plans is helping to grow the Loyalty Programs in the Tourism Sector Market. When a tour company does this they retain their old customers and therefore, it helps them gain more consumers.

 “The loyalty programs in the tourism sector market is expanding because of the rising digital presence of the companies “- Says an FMI analyst.

Key Takeaways:

  • On the basis of program types most preferred to be availed by the loyal customers is the tiered program. It gives various discounts, personalized gifts etc. and hence has attracted more consumers to the market.
  • The online booking segment is the most used channel for loyalty program in the tourism sector because of the rise in digital marketing.
  • Tour groups are the ones who usually want to book the loyalty programs in the travel industry. This is because they mostly get loyalty points on each and everything they explore in a particular region/ state or country.
  • The age group of 26-35 years are usually the consumers of this market. It is because this age group are always travelling and hence receive a lot of loyalty points which they further redeem for travelling.

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Impact of COVID-19 on the Tourism Industry Loyalty Programs Market

The Covid-19 pandemic and the lockdown had a positive and negative impacts on each and every industry. Likewise, the loyalty programs in the tourism sector market had positive and negative impacts.

The negative impacts where that a reluctance to travel due to restrictions on borders, travel passports and testing. Therefore, ‘staycations’ may become the more popular and appealing option this in turn is brilliant for the likes of ‘local’ or domestic hotels and travel providers.

Staying local and creating innovative content promoting the benefits of exploring ‘unknown, known’ areas, will pique interest making previously uninspiring destinations more inspiring. With local destinations being top of the list, this can provide opportunity and benefit multiple industries as a result: train and rail travel, petrol stations due to increase in leisure driving, hire car companies and small businesses as the country opens small stores, pubs and restaurants.

The post-pandemic period will bring forth a new, revised approach to how hospitality and tourist businesses engage with customers and build loyalty. Customers have reviewed their travel demands as a result of the pandemic’s effects. Customer loyalty is “up for grabs” after the pandemic as loyalty programs and points expire, travel opportunities are drastically reduced due to travel corridors (therefore making it harder to accrue points), and businesses that have closed have left a gap in their former customers’ lists of preferred brands.

By    examining current loyalty programs and marketing tactics, it will be important to reach these committed prospects. The importance of a loyalty programs will be reinforced and validated to new consumers who are looking for a “new favorite” by promoting perks to your existing customers and values to new customers.

Who is winning?

Leading players of the loyalty programs in the tourism sector market are focusing on improving their digital presence and also trying ways to make their old customers to stick with them by providing personalized offers, discounts etc.

Major players present in the loyalty programs in the tourism sector market are Thompson Hotels, Hotel Tonight, The Hertz Corporation, National Car Rental, Travelex Limited ABN, Zinrelo, Flight Centre, Delta airlines, Virgin Experience Days, The Drake, The Savoy, Wonderful Union and Others among others.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the loyalty programs in the tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on loyalty programs in the tourism by Program Type (Point programs, Tiered programs, Value-based programs, Omni channel loyalty programs, Paid programs, Others), By Booking Channel (Online Travel Agents, Traditional Agents, and Direct Booking), By Tourist Type (Domestic and International), By Tour Type (Independent Traveler, Package Traveler and Tour Group), By Consumer Orientation (Men and Women) By Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, and 66- 75 Years) & Region – Forecast to 2017 – 2032

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Ovulation Microscope Market Key Insights, Demand, Profiling Companies And Growth Strategies By 2032

Ovulation microscope is personal microscope which allow to predict ovulation, most fertile time of the month to conceive. Such emerging technologies for home based analysis for the detection of fertility will create huge opportunity for the ovulation microscope market demand in the forecast period.

Development of point of care ovulation detection devices such as ovulation microscope will boost the market growth in the near future. The drop of saliva to the lens of the microscope show ferning crystal like pattern if the person ovulate.

Ovulation microscope are easy to use and reliable which predict the days of ovulation known as fertile window. Development of less expensive, reusable and single se ovulation tests will increase the demand for such devices in future. The average age of first time mother rises, there is increase in the fertility problems and hence use of ovulation microscope will be beneficial.

According to Centers for Disease Control and Prevention, about 10 % of women (6.1 million) ages 15-44 have difficulty getting pregnant in the United States.

Ovulation Microscope: Market Dynamics

Development of devices which as easy to use and used in home care setting along with the less cost of devices will increase the demand of ovulation microscope in the forecast period. Increasing general awareness in the developed regions and developing region will significantly boost the ovulation microscope market in the near future.

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Launch of new product with new advanced technology will further spur the ovulation microscope market. Identification of wider fertile window creates more opportunity for the ovulation microscope market to grow in the near future. Despite the increasing knowledge of the genetic causes of fertility, advancement in the diagnosis and treatment have remained relatively stagnant which might hamper the ovulation microscope market growth in the near future.

Ovulation Microscope: Overview

Increasing focus on the development of new devices and treatment method to increase the pregnancy rate with infertility disorder will drive the market growth of ovulation microscope in the forecast period. Increasing prevalence of disorder related to pregnancy and increasing awareness programs will increase the demand for saliva based ovulation microscope.

Increasing demand of point of care testing and relatively low cost will significantly boost the ovulation microscope market in forecast period. Growing potential of point of care testing to improve healthcare in developing and developed regions will grow the market in near future.

Ovulation Microscope: Region-wise Outlook

On the basis of geography, the global ovulation microscope market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa.

The North America market for Ovulation Microscope holds the largest revenue share, due to more number of key players and new players entering into ovulation microscope market along with the increasing cases for infertility and growing awareness.

Europe accounts for the second large revenue share in the global ovulation microscope market, owing to increasing development of technologically advanced products and rising adoption of ovulation microscope. Asia Pacific is expected to witness rapid growth in the ovulation microscope market, owing to growing rate of infertility and rising demand for fast and independent test with accuracy in developing countries such as India.

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China is expected to register significant growth in the ovulation microscope market, due to presence of local players in point of care testing products markets. Latin America and Middle East & Africa are projected to exhibit slow growth in Ovulation Microscope market, owing to lack of R&D labs and slow adoption for new technology.

Ovulation Microscope: Key Players

Examples of some of the key manufacturer present in the global ovulation microscope market are Geratherm Medical AG, Fairhaven Health, LLC, Dual Core B.V., Hangzhou Sejoy Electronics & Instrument Co. ltd., among others.

The report covers exhaustive analysis on

  • Ovulation Microscope Market Segments
  • Ovulation Microscope Market Dynamics
  • Historical Actual Market Size, 2012 – 2016
  • Ovulation Microscope Market Size & Forecast 2016 to 2024
  • Ovulation Microscope Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Ovulation Microscope Market Drivers and Restraints

Regional analysis includes

  • North America
  • Latin America
  • Europe
  • Asia Pacific Excluding China
  • China
  • Middle East & Africa

Ovulation Microscope: Segmentation

The global ovulation microscope market is segmented on basis of tools, application and geography.

Segmentation by Distribution Channel

  • Hospitals pharmacies
  • Retail Pharmacies
  • Drug Stores
  • E-Commerce

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Winter Adventures Tourism Market Will Expand at an 8% CAGR through 2032 Due to the Digitalization of the Industry

The winter adventures tourism market is projected to reach a valuation of US$120.0 Bn in 2022. Sales are projected to increase at an 8% CAGR, with the market size reaching US$ 143.0 Bn by 2032.

Following the COVID-19 epidemic, social media platforms are being utilized more and more to promote the services of international winter adventures tourism market.

Customers’ sound financial standing and desire to study and educate themselves are fostering market expansion. Millennials like travelling and discovering other locations’ unique food, transportation options, etc.

The ability to customize winter adventure itineraries for specific customers, as well as the provision of lodging, local cuisine, transportation services, etc., are some of the factors driving the worldwide winter adventure industry.

The global expansion of winter adventure industry is being aided by the firms’ digital presence. Additionally, it enables businesses to provide special deals and group discounts to clients.

“Due to the firms’ growing online presence, the winter adventure market is growing. “- Says an FMI analyst.

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Key Takeaways:

  • The most preferred winter adventure is Free riding. This is because it is sustainable to the nature. Hence, customers prefer that over anything else.
  • The age group of 26-35 years prefers participating in winter adventures tourism. This age group loves to do adventurous stuffs and exploring.
  • Online booking channel is the most used channel and will continue to be the same. It is due to the increased digital presence of the companies in the winter adventure markets.
  • International tourists prefer to do winter adventures tourism. The domestic tourists are always willing to do these winter adventures tourism close to their homes.

Impact of COVID-19 on the Winter adventures tourism Market

The covid-19 outbreak caused numerous winter adventures tourism businesses to close their doors and suffer losses over the world. However, after the lockdown was removed, businesses likewise saw a large increase in consumers.

After the COVID-19 outbreak, the use of winter adventures tourism has increased again because to the demand for personalization and real-time connectivity. Additionally, people are more likely to pay more for superior experiences and goods. Because of the optimism around the post-pandemic tour demand, many marketers who had left due to concerns about the collapse of the global winter adventures tourism are actually coming back.

Agents who formerly conducted business offline are now embracing new technology, transforming into winter adventures tourism, and even engaging in social media marketing activities.

Who is winning?

Leading players of the Winter adventures tourism market are focusing on improving their digital presence and providing great tour packages for their customers

Major players present in the Winter adventures tourism are Exodus Travels, Walkers’ Britain, Trafalgar, Expat Explore, Utracks, Nordiva Tours, Active Adventures, Explore, Intrepid Travel, Topdeck and Georgian Holidays LLC among others.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Winter adventures tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on Winter adventures tourism by Type (Free Riding Snowkiting, Ice yachting, Snow kayaking, Ice surfing, Ice climbing, Shovel racing, Ice diving, Snowcross, Speed flying , Ski biking and Others), By Booking Channel (Online Winter adventures tourism, Traditional Agents, and Direct Booking), By Tourist Type (Domestic and International), By Tour Type (Independent Traveler, Package Traveler and Tour Group), By Consumer Orientation (Men and Women) By Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, and 66- 75 Years) & Region

About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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