Market Research Blog – Page 3132 – New Product Development

Egypt Faith-Based Tourism Market Projections: A US$ 3.67 Billion Uptick Expected by 2033 | FMI

The market for faith-based tourism in Egypt was valued at US$ 1.2 billion in 2022. By 2033, it is projected to have grown to a market value of US$ 3.67 billion, with a compound annual growth rate (CAGR) of 10.7%.

For both casual visitors and devoted adherents of the various systems of religion depicted, religious buildings, rituals, festivals, and ceremonial events are important tourism attractions. Furthermore, the market for faith-based tourism in Egypt now includes a sizable portion of religious tourism.

Tourism-related revenue was down roughly 70% to $4 billion in 2020. Egypt’s visitor numbers had dropped to 3.5 million in 2020, according to Tourism and Antiquities Minister Khaled El-Enany. Egypt’s tourism earnings fell by around 70% to US$4 billion in 2020, lowering visitor visits to 3.5 million from 13.1 million in 2019.

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However, the growth is moderate as travel companies have thrived in recent years as faith-based tourism has increased, with many making group bookings in hotels and helping to drive occupancy rates up. Egypt’s faith-based tourism market growth is attributed to the major international hotel chains having launched new projects in Egypt, with a concentration on Cairo and its surroundings.

Greater demand from travel agencies around the country demonstrates growth in both business and leisure tourism, as private investors telegraph ambitions for wider expansion. As part of its 2018 E-TRP plan, the MoTA is intending to expand the total number of hotel rooms from 89,993 in 2018 to 238,114 rooms by 2030.

Key Takeaways from the Egypt Faith-Based Tourism Market Study

Egypt-based tourism is predicted to have a CAGR of 8% during the forecast period.
Based on tourism type, religious and heritage tours are predicted to grow at a CAGR of ~0% in the Egypt faith-based tourism market through 2032.
Egypt’s faith-based tourism market top players accounted for approximately 4%-9% of the total share.
By booking channels, the online booking segment is anticipated to hold a noteworthy share of ~22%.
In terms of age group, market demand among the age group of the 36-45 segment is likely to continue gaining traction through 2032.
Based on tourist type, the international tourist segment is expected to remain high over the forecast period.

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How fresh Initiatives Are Giving Egypt’s Faith-Based Tourism Market players An Advantage?

Leading faith-based tourism companies in Egypt are concentrating on marketing strategies and promoting popular tourist destinations in order to improve market demand.

Due to the expanding user base of internet applications, many tourism-related firms, including airlines, hotels, and travel agencies, are now able to use the internet as a competitive strategy.

The key players in this market

Holiday Tours
Memphis Tours
Egypt Tours
Oriental Tours Egypt
Deluxe Tours Egypt
Egypt Guided Tours
Cleopatra Egypt Tours
Look at Egypt Tours
Egypt Tour Portal
Select Egypt
Egypt Luxury Tours
Ramasside Tours
Spring Tours Egypt-Downtown Branch
Lady Egypt Tour
Travel Joy- Egypt Tours
Egypt Nile Cruises- Min Travel
Travel Egypt Tours

Egypt Faith Based Tourism Market by Category

By Tourism Type:

Day Trips & Local Gateways
Museums
Pilgrimages
Religious and Heritage Tour
Others

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Tourist Type:

Domestic
International

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

By Consumer Orientation:

Men
Women
Children

By Tour Type:

Independent Travelers
Tour Groups
Package Travelers

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Cowgirl Boots Market Gallops at a CAGR of 5.1% by 2033: From Ranch to Runway

The cowgirl boot market is undergoing a fascinating transformation. Once a symbol of practicality on the ranch, these boots are now strutting their stuff on the fashion scene. The market is expected to reach a value of US$ 717.4 million by 2033, reflecting a healthy CAGR of 5.1% from 2023.

This growth can be attributed to the widespread acceptance of cowgirl boots in the fashion world. They’ve evolved from purely functional footwear into a stylish statement piece. Primarily aimed at women, these boots prioritize design over functionality, offering a unique way to stand out.

One of the key drivers of this trend is the focus on individuality. Fashion cowgirl boots come in a dazzling array of designs, each with its own handcrafted touch. There’s no single mold – these boots are meant to defy convention. From understated ankle booties to bedazzled knee-highs, there’s a perfect pair for every taste and style.

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Stumbling Blocks of the Cowgirl Boots Market

On the other hand, the presence of a large number of regional players selling counterfeit products is expected to impede the cowgirl boots market during the forecast period.

Several unorganised and local players sell low-cost products made of low-quality materials that are uncomfortable to wear and cause skin problems. This is likely to restrain the growth of the cowgirl boots market over the forecast period.

Regional Outlook

Furthermore, factors such as rising middle-class population, rapid urbanisation, and high demand for western brands in North America are expected to attract cowgirl boots market manufacturers from around the world to the region.

Due to the region’s large youth population, particularly in India and China, Asia Pacific is expected to be the fastest growing cowgirl boots market in terms of CAGR during the forecast years.

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Key Takeaways from the Cowgirl Boots Market

During the forecast period, the North American cowgirl boots market is expected to lead with a market share of 36.5%.
During the forecast period, Europe’s cowgirl boots market is expected to have the second highest market share of 14.6%.
In 2027, the cowgirl boots market is expected to be worth US$ 320.57 million.

Competitive Landscape:

Among the major players in the global cowgirl boots market are Ariat, Stetson, Wolverine, Rocky, Justin Boots, Laredo, Lucchese, Old Gringo, Roper, and Tony Lama. Due to increased competition, many cowgirl boots market participants are increasing R&D in order to develop reliable and superior products.

Acquisitions, expansions, and collaboration with startup companies are the primary strategies used by manufacturers to gain significant market share. Furthermore, the cowgirl boots market is expected to improve on the trend of developing new products with appealing packaging and spending more on product promotion.

Recent Development:

Sponsorship Agreement

At the FEI World CupTM Finals in Las Vegas, Ariat International®, the US-based leader in Western and English footwear and apparel, signed an exclusive licencing and sponsorship agreement with the International Equestrian Federation (FEI).

Rebranding

Stetson worked with Tractorbeam, an award-winning boutique Dallas-based agency, to complete the rebrand.

Collaboration

Justin® Boot Company, a division of H.H. Brown Shoe Company, has announced a collaboration with multi-media superstar Reba McEntire.

Merger Agreement

Justin Industries, Inc. and Berkshire Hathaway announced that they have approved and entered into a Merger Agreement, which calls for a cash tender offer of $22.00 per share to Justin common stock holders by a Berkshire Hathaway wholly-owned subsidiary.

Key Segments

By Product:

Western Boots
Work Boots
Riding Boots
Walking Boots
Other

By Sales Channel:

HyperCowgirl Boots Markets / SuperCowgirl Boots Markets
Footwear Stores
Convenience Stores
Online
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Distributed Fiber Optic Sensor Market Eyes 8.6% CAGR, US$ 3,164 Million by 2033

The market for distributed fiber optic sensor market is anticipated to grow at a robust CAGR of 8.6% between 2023 and 2033, reaching a value of US$ 3,164 million by that time. The increased need to execute efficient sensing operations across numerous industry sectors would increase demand for distributed fiber optic sensors.

Businesses can monitor a wide range of parameters, such as temperature, stress, auditory problems, and many more, thanks to distributed fiber optic sensors (DOFSs). Due to their ability to simultaneously and spatially determine readings along the whole sensing fiber, these sensors are far more advanced.

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Distributed fiber optic sensors are gaining popularity for monitoring seismic activity in geophysical science, perimeter security, borehole, and well activity in the oil and gas industry, and structural health in civil engineering.

Due to the distributed fiber optic sensors’ (DFOS) high functionality, numerous businesses worldwide are putting money into cutting-edge technologies and working to increase their research and development (R&D) efforts. As a result, new products with improved features are created, providing businesses with the opportunity to increase their market share.

The high price of DFOS deployment and installation also motivates businesses to develop more dependable, affordable optic inspection devices. All of these elements are likely to support the expansion of the distributed fiber optic sensor market over the forecasted timeframe.

Key Takeaways from the Distributed Fiber Optic Sensor Market Report:

Probable negligence during the installation process may hamper the market prospects.
The distributed fiber optic sensor market will account for 25% of the global fiber optics market.
India’s distributed fiber optic sensor market will grow at a CAGR of 15.7%.
Well-established aerospace, medical, and energy sectors will drive the target market growth in the United States.
Distributed fiber sensing technology will gain momentum in the energy industry in Germany.
By type, the fiber optic acoustic sensors will gain traction over the projected period.
In terms of application, the leakage detection segment will grow at a 12.8% CAGR.

Competitive Landscape:
Key market players are focusing on releasing innovative products with upgraded features. These organizations are also employing tactics like joint ventures, alliances, mergers, and acquisitions.

Leading Key Players:

Omnisens SA
Sensuron
Silixa Ltd.
OFS Optics
QinetiQ Group plc (OptaSense)
VIAVI Sensor Types Inc.
AP Sensing
LuxPoint Inc.
Luna Innovations Incorporated
Ziebel AS
Bandweaver
FISO Technologies Inc.
Schlumberger
Yokogawa Electric Corporation
Halliburton

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Distributed Fiber Optic Sensor Market Segmentation:

By Sensor Type:

Distributed Temperature Sensors
Distributed Acoustic Sensors
Distributed Pressure Sensors
Distributed Strain Sensors
Others

By Application:

Condition Monitoring
Intrusion Detection
Power Monitoring
Leak Detection
Others

By Industry:

Oil & Gas
Civil Infrastructures
Industrial
Power & Utilities
Military & Border Security
Transportation
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and Africa (MEA)

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Smart Mining Market Eyes US$ 40,365.1 Million Revenue by 2033, Propelled by 11.2% CAGR Surge

The global smart mining market is poised for significant growth in the coming decade. In 2023, it is projected to generate revenue of US$ 13,919.5 million, and this figure is expected to skyrocket to an impressive US$ 40,365.1 million by 2033. This remarkable expansion reflects the increasing adoption of smart mining technologies and solutions across the industry. With a projected CAGR of 11.2% between 2023 and 2033

The need for smart mining technologies including mining analytics platforms has surged on a higher scale for providing enhanced new capabilities for planning, analyzing, and maintenance of mining operations. Therefore, sustainable mining automation solutions help in increasing energy efficiency, productivity, and safety in the mines.

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Key Takeaways from the Smart Mining Market Report:

Mining is considered a capital-intensive industry that incorporates maximum asset utilization and throughput. One of the most vital resources in mining is data. Daily, massive amounts of useful data are produced by automated drills, trucks, conveyors, ships, and trains. Several companies are enhancing the security and productivity of their operations by fusing this data with intelligent analytics, AI, machine learning, and underground mining automation.
Mining firms are expected to unlock value-boosting abilities by gathering and utilizing big data from numerous data sources, analyzing it with modern data analytics, and implementing the results. The mining sector helps enhance productivity, reducing operational inefficiencies, and reacting to risks more effectively with trustworthy data.
The development of an intelligent infrastructure is done by the employment of big data analytics and BDM (big data management) in mining that advances over time. Therefore, analytics is expected to be a crucial factor in enhancing asset usage, increasing productivity, and addressing delays in material flow.
The adoption of artificial intelligence in mining operations helps in the transformation of operations from being people-oriented to being process-oriented. AI-enhanced intelligent mining streamlines the supply chain with features like real-time shipment tracking, predictive mine maintenance, intelligent management of inventories, and more. Therefore, by using automated mining equipment, and mining analytics platforms, the mining process is digitally integrated, which minimizes complexity and enhances decision-making.
Technology is responsible for affecting the fundamentals of business in the digital age. IoT solutions are excessively being deployed by asset-intensive businesses including utilities, oil and gas, energy, manufacturing, and construction to improve productivity and cut costs.
The smart mining market is anticipated to propel owing to the increasing adoption of IoT in the mining industry for performance enhancements, analytical maintenance, cost optimization, and improved safety, and it will present lucrative growth opportunities for smart mining vendors.

More Insights into the Smart Mining Market:
According to the FMI analysis, China is expected to showcase lucrative growth in the market by 3.5X during the forecast period of 2022 and 2032, making it one of the most profited markets across East Asia. Growth in China’s smart mining market is fueled by the booming mining industry and the increasing adoption of advanced technologies in mining processes.

The growth of smart mining technologies is predicted to surge in the U.S. and is expected to account for about 74.7% of the North American market share in 2022. The country is expected to witness favorable growth in the market owing to the introduction of connected technologies in the mining industry as a result of its technological advancements

India is yet another country anticipated to grow by 5.6X during the forecast period of 2022-2032 owing to the rapid growth of the mining industry along with the growing need for improving overall productivity and enhancing workers’ safety.

Competitive Landscape:
Prominent players in the smart-miming market are focusing on extensively spreading their product portfolios by launching new products and services. In addition to that, they are also adopting strategies including acquisitions, partnerships, mergers, and collaborations to expand their global footprint.

Leading Key Players:

Hitachi Construction Machinery Co. Ltd
ABB Ltd
Komatsu Ltd
Outotec Oyj
Copco
Caterpillar Inc
Rockwell Automation
Cisco Systems Inc
Rio Tinto
Bosch Global
Trimble

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Smart Mining Market Segmentation:

By Automated Equipment:

Driller & Breaker
Load Haul Dump
Mining Excavator
Robotic Truck
Other Automated Equipment

By Component:

Hardware
Intelligent System
RFID Tag and Sensor
Other Hardware

By Solution:

Data & Operation Management Software
Analytics Solution
Connectivity Platform

By Services:

Engineering & Maintenance Service
Consulting Service
Product Training Service
Implementation & Integration Service

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and Africa (MEA)

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Drop Cloth Market: Anticipated to Record a 3.4% CAGR by 2033 | FMI Reports

The market for drop cloths is poised for steady growth, with a projected valuation of US$ 1.1 billion by 2033. This upward trend represents a CAGR (Compound Annual Growth Rate) of 3.4% over the forecast period. In 2023, the market size was estimated at US$ 803.6 million.

Drop Cloths: More Than Just Protection, They’re Eco-Friendly and Here to Stay

The drop cloth market is experiencing a resurgence, fueled by more than just its traditional role in protecting surfaces. Here’s a breakdown of the key trends driving this growth:

Health Concerns: Consumers are increasingly aware of germs and viruses on surfaces, including hospital floors. Drop cloths offer a solution for those seeking extra protection.

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Eco-Friendly Appeal: The sustainability movement is gaining momentum, and drop cloths fit right in. Many manufacturers are offering reusable, eco-friendly options that resonate with environmentally conscious consumers.
Competitive Pricing and Quality: Drop cloths are becoming more readily available at competitive prices, without sacrificing quality. This makes them an attractive choice for budget-minded buyers.
Chemical-Resistant Innovation: Manufacturers are developing eco-friendly drop cloths that are also resistant to chemicals. This innovation is expected to further boost sales in the coming years.

Key Takeaways:

The United States held a significant market share of 27.3% in the drop cloth market in 2022, solidifying its position as a leading consumer and supplier of drop cloths, which are essential in various industries and applications for protecting surfaces during painting or construction projects.
Germany maintains a market share of 6.8% in the drop cloth market, indicating its active participation in providing high-quality and durable drop cloths that meet the stringent standards and requirements of professionals in the construction and painting sectors.
Japan’s market share in the drop cloth market stood at 5.1% in 2022, reflecting the country’s recognition of the importance of drop cloths in maintaining cleanliness and protecting surfaces during home improvement and renovation projects.
Australia contributed to the drop cloth market with a market share of 2.0% in 2022, underscoring its role in providing reliable and versatile drop cloth options to assist professionals and DIY enthusiasts in maintaining a clean and protected work environment.
China demonstrates a compound annual growth rate (CAGR) of 5.8% in the drop cloth market, indicating the country’s growing construction and home improvement sectors, which drive the demand for drop cloths as a necessary tool in surface protection.
India is predicted to experience a CAGR of 6.0% in the drop cloth market, reflecting the country’s expanding infrastructure development and construction activities, where drop cloths play a crucial role in safeguarding surfaces and ensuring clean and efficient work environments.
The United Kingdom showcases a CAGR of 3.2% in the drop cloth market, emphasizing the country’s ongoing demand for reliable and high-quality drop cloths, which are essential in construction, painting, and other industries to prevent damage and maintain cleanliness.

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Competitive Landscape:

Apart from flooring covering furniture, a drop cloth further protects from sunlight and dust. Recently, manufacturers have provided various drop cloth designs that prevent scratches during parties. It can also keep your house clean in the presence of pets and protect car seats as well. In addition to this, the leading competitors are experimenting with other innovative things that are able to solve related issues.

Some of the Leading Key Players in the Market:

KS International Inc.
taihongdropcloth
Homaster Co.
Limited
Psb Exports
Han Sangsa
Jacksmith Industries Singapore Pte Ltd.
Razzaq Trading Company
M/s Nawab Fabrics
Clare Inc.
Premier Paint Roller Company LLC and among others.

Key Segmentation:

By Product Type:

Canvas Drop Cloth
Plastic Painter Drop Cloth
Others (Paper/poly Drop Cloth)

By End User:

Residential
Commercial
Industrial

By Sales Channel:

Wholesalers/Distributors
Online Retailers
Direct Sales
Specialty Stores
Multi-Brand Stores
Other Sales Channel

By Region:

North America
Latin America
East Asia
South Asia
Oceania
MEA
Europe

Author

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Mechanical Keyboard Market Anticipates US$ 2,657.1 Million by 2033 with 6.2% CAGR

The mechanical keyboard market is poised for significant growth, with a projected value of US$ 2,657.1 million by the year 2033. This forecast underscores the robust and steady expansion of the mechanical keyboard market, which is anticipated to maintain a CAGR of 6.2%. The increasing demand for mechanical keyboards can be attributed to their tactile feedback, durability, and enhanced typing experience, appealing to both gaming enthusiasts and professionals seeking reliable and efficient input devices.

As technological advancements continue to drive innovation in the keyboard industry, the mechanical keyboard market is well-positioned to witness sustained growth, offering a diverse range of products to cater to the evolving preferences of consumers.

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Both in industrialized and emerging nations, the usage of wireless ergonomic keyboards and keyboards compatible with several platforms is growing. These elements ought to result in favorable market prospects for manufacturers of mechanical keyboards.

Mechanical Keyboard Market – Key Research Findings:
In 2018, the market for mechanical keyboards was estimated to be worth US$ 881 million.

During the projected period of 2019–2029, the mechanical keyboard market is anticipated to expand at a CAGR of 10%.

The gaming industry’s explosive growth, rising wireless keyboard use, and rising demand for keyboards that work on numerous platforms have all been drivers in the mechanical keyboard market’s expansion.

The mechanical keyboard market is dominated by North America, which held a 34 percent market share in 2018. However, throughout the projection period, the mechanical keyboard market in APEJ (Asia Pacific Excluding Japan) is anticipated to rise rapidly and emerge as the most important market for mechanical keyboards.

The non-tactile linear switches are expected to create additional potential for the mechanical keyboard market for US$ 757 Million between 2019 and 2029, according to research by Future Market Insight. The desire for an ergonomic gaming keyboard is also expected to increase the market for tactile non-click switches throughout the projected period. Additionally, the availability of synchronization methods that make it simple for mechanical keyboards to link with mice and headsets is significantly increasing around the world.

Mechanical Keyboard Market Structure Analysis:
To pursue a stronger worldwide presence, the majority of the leading competitors in the competitive mechanical keyboard market are keeping a strategic focus on collaborations and new product advancements.

Mechanical keyboard manufacturers have differentiated their products and pursued growth strategies as a result of the expanding range of uses for mechanical keyboards and the competitive market. These elements offer the intended end-use industry a competitive edge and strengthen its market share.

Leading Key Players:

Logitech International S.A.
Razer Inc.
Dell Inc
Corsair Components, Inc.
Roccat Studios
SteelSeries ApS
Rapoo Corporation (Shenzhen Rapoo Technology Co.Ltd)
OMRON Corporation
Lenevo Group Ltd.
Bloody (A4Tech Co., Ltd)

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Mechanical Keyboard Market Segmentation:

By Product

Non-Tactile Linear Switches
Tactile Non-Click Switches
Tactile Click Switches

By Connectivity

Wired Keyboards
Wireless Keyboards

By Application

Gaming
Office/Industrial

By Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Middle East & Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Video on Demand (VOD) Service Market Eyes US$ 183.93 Billion by 2031, 8.5% CAGR

The video on demand (VOD) service market is poised for remarkable growth, with projections indicating a staggering valuation of US$ 183.93 Billion by 2031. This surge is anticipated to be driven by a robust CAGR of 8.5% from 2021 to 2031.

As technology continues to reshape the way we consume content, the demand for VOD services is experiencing an unprecedented upswing. Consumers are increasingly gravitating towards the flexibility and convenience offered by on-demand streaming platforms, empowering them to access a vast array of movies, TV shows, and original content at their fingertips. This forecast underscores the evolving landscape of the entertainment industry, emphasizing the pivotal role that VOD services play in shaping the future of global media consumption.

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Key Takeaways from the Video on Demand (VOD) Service Market Report:

The global video on demand (VOD) service market is estimated to register a CAGR of 8.5% during the forecast period of 2021-2031
Backed by the presence of leading service providers, the U.S. accounts for nearly 88% of revenue generated in North America
Rising streaming spending, enabling the U.K. to register a massive 17.9% y-o-y growth in 2021
Increasing user penetration supporting expansion in Germany and France
Spurred by rising smartphone penetration, Japan and South Korea will emerge as lucrative markets in East Asia

COVID-19 Impact Analysis on Video on Demand (VOD) Service Market:
The novel coronavirus (COVID-19) pandemic had a positive effect on the entertainment industry. A large number of consumers across the globe have increased their spending on the over-the-top (OTT) platform, which increased the number of subscribers for video streaming providers.

During the pandemic, the increased adoption of smartphones in developed economies presented significant prospects for video-streaming service providers. Subscribers can access video material from anywhere and at any time as a result of this. The fact that mobile network operators (MNOs) have hastened the rollout of mobile broadband and LTE, particularly in growing countries in the APAC and MENA regions, supports this.

Who is winning?
To ensure flawless streaming, VOD service providers have been experimenting with content concepts and technology. Amazon, for example, launched a live-streaming service for mobile and online applications in July 2020. Customers may edit and view videos live from their website or mobile app with this new interactive video service (IVS). This enables content creators and developers to provide a stable, low-latency live streaming experience across numerous watching channels and devices while maintaining video quality.

Leading Key Players:

Amazon.Com, Inc.
Apple, Inc.
Google, LLC.
Comcast Network
Dish Network
Sky UK Limited
Vudu
Intellian Technologies
Vudu
Hulu, LLC.
HBO Max (AT&T)
The Walt Disney Company
Viaplay (Nordic Entertainment Group)

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More Valuable Insights on Video on Demand (VOD) Service Market:
FMI’s report on the video on demand (VOD) service market is segmented into three major sections such as type (subscription video on demand (SVOD), advertising video on demand (AVOD), transactional video on demand (TVOD), and others), platform (smartphones/tablets, smart TVs, and laptops/PCs), and content type (videos/movies, sports, music, and kids), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and lucrative evaluate opportunities in the video on demand(VOD)service market.

Video on Demand (VOD) Service Market Segmentation:

By Content Type:

Subscription Video On Demand (SVOD)
Advertising Video On Demand (AVOD)
Transactional Video On Demand (TVOD)
Others

By Type:

Music
Video/Movie
Sports
Kids Content
Others

By Platform:

Smartphones/Tablets
Smart T.V
Laptops/PCs

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa (MEA)

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Hunting Boots Market on the Rise: Expected to Grow at a CAGR of 5.1% by 2033

The hunting boots market is setting its sights on a significant rise, with a projected valuation of US$ 7.3 billion by 2033. This translates to a steady growth of 5.1% CAGR (Compound Annual Growth Rate) over the forecast period. In 2023, the market was estimated at US$ 4.4 billion.

This growth can be attributed to several factors, including:

Hunter’s Desire for Comfort: Covering long distances in rough terrain requires comfortable footwear. Hunting boots are designed to prioritize this need.
Rugged Durability: Hunters need boots that can withstand challenging environments. The sturdy build of hunting boots is a major selling point.
Other Positive Attributes: Hunting boots offer a variety of features that enhance the hunting experience, such as insulation, waterproofing, and special soles for better traction.

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One of the most important factors why hunters select the hunting footwears are because these are water resistant. The jungles are meant for their unpredictable pathways, wherein a person may have to go through a wet and sloppy landscape, and that too all of a sudden. This might increase the sales of hunting boots, as such feature, apart from the ones mentioned above are not offered by other kinds of shoes.

Thus, based on the analysis of FMI The increasing requirement by hunters to be on comfort while covering a lot of ground while hunting, along with the sturdiness offered by the hunting boots and many other factors are expected to increase the demand for hunting boots.

Key Takeaways:

The expected CAGR for the hunting boots market during the forecast period is 5.2%.
The hunting boots market valuation as on 2022 is US$ 4200 million.
The expected valuation of hunting boots market as on 2032 is US$ 6970 million.
The 200 grams Insulation currently has the Largest Market Share in the Hunting Boots Market based on Insulation
Vulcanised Rubber is the Most Preferred Material Type
Online Mode is the Most Preferred Sales Channel in the Hunting Boots Market
The North American hunting boots market currently has a share of 21.57%.
The European hunting boots market currently has a market share of 19.54%.
Asia Pacific anticipated to be the fastest growing market.

Key Companies Profiled:

SharpeZone
Lacrosse
Muck Boot
Wolverine Boots
Under Armour
L.L.Bean Inc.
Crispi Sport
WC Russell Moccasins Co.
Kenetrek LLC
LaCrosse Footwear

Key Segments Profiled in the Hunting Boots Market

By Insulation:

200 grams insulation,
400 to 800 grams insulation,
>1000 grams insulation

By Hunting Style:

Custom-fit Rugged Style
Over Boots
Hiking Boots
High Altitude Hunting Boots
Snake Boots

By Material Type:

Nylon
Mesh
Full Grain Leather
Vulcanised Rubber

By Shaft Height:

7 inches
8 to 12 inches
13 to 16 inches
>17 inches

By Sales Channel:

Online
Hypermarkets/Supermarkets
Footwear Stores
Convenience Stores
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Author

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Italy Sustainable Tourism Market Trends Towards a 14.5% CAGR Growth by 2032 | FMI

Italy sustainable tourism market is poised to reach a valuation of US$ 34.5 Million in 2022. Sales in the market are projected to increase at a 14.5% CAGR during the forecast period (2022 to 2032).

Sustainable tourism is a type of tourism that meets the needs of tourists, the tourist industry, and host communities today without compromising the ability of future generations to meet their own needs.

Italy’s travel and tourism sector is gradually implementing “green” methods. In particular, hotels are working to lower carbon emissions by investigating alternative energy sources and encouraging visitors to practice energy efficiency, recycling, and litter prevention.

The Italian government and business leaders are realizing that in the medium to long term sustainable tourism will be the only model available. As a result, they are putting various efforts to promote sustainable tourism.

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Customers are also expecting eco-friendlier items as they become more aware of concerns with and practices related to sustainable tourism.

Other industry trends that impact demand include the preservation of regional cultural elements and the restoration of traditions. These developments are frequently supported by the government.

Italy’s sustainable tourism efforts largely promote less well-known regions such as Lombardy, Veneto, Tuscany, Campania, and Emilia Romagna.

Key Takeaways

By tourism type, eco-tourism segment is likely to be the most remunerative in the Italy sustainable tourism market during the forecast period.
Based on age group, the 26-35 segment will continue to hold the largest revenue share of sustainable tourism market in Italy through 2032.
By tour type, individual traveller category is expected to grow at a prolific CAGR during the assessment period.
In terms of tourist type, domestic tourist segment will continue to rank well in the market.
Based on booking channel, online booking is expected to remain the most preferred by tourists.

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Who is Winning?

Leading Italian suppliers of sustainable tourism are emphasising aggressive marketing strategies, promoting well-known Italian tourist destinations, and developing novel products that have boosted sales growth of sustainable tourism in Italy.

Key players operating in the Italy sustainable tourism market

GetYourGuide
Bitan – Daily Tours
Capri Hydro
Fortieventi
Venice Black Car
Etna and Sea Excursion
Rome Tour Tickets
Francesco Linzalone
UNIQUE EXPERIENCE
Panorama Sicilia
Go-Etna
Sesto Continente Tours
Sicicla
ARCA
DST- Diving

Italy Sustainable Tourism Market is segmented as

By Tourism Type:

Eco-Tourism
Green Tourism
Soft Tourism
Community Tourism

By Booking Channel:

Phone Booking
Online Booking
In-Person Booking

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveller
Tour Group
Package Traveller

By Consumer Orientation:

Men
Women

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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Nandini Singh Sawlani

Smart Fitness Market Hits US$ 46,934.8 Million, Eyes 12.4% Growth by 2033

The worldwide smart fitness market revenue will reach US$ 46,934.8 million by 2033. The entire smart fitness market is estimated to develop at a CAGR of 12.4% between 2023 and 2033. The increased demand for smart fitness product features such as tracking heart rate, workout time, distance traveled, and calories burned provided by smart fitness watches and fitness trackers is expected to drive smart fitness product sales.

The use of smart wearables has expanded as a result of the COVID-19 outbreak. Digital fitness is growing in popularity around the world as people’s awareness of health and wellness improves. Smart fitness gadget sales account for roughly 30% of worldwide digital fitness device sales.

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More individuals are turning to at-home fitness, which is fuelling demand for wearable devices equipped with modern technology to improve individual performance and exercise. As a result, consumer interest in smart fitness trackers and smart fitness band watches is increasing. Sales of smart fitness devices in the United States are predicted to grow at an outstanding CAGR throughout the forecast period. Because of the broad consumer base and the presence of significant competitors, the demand for smart fitness is expanding in the United States.

Key Takeaways from the Smart Fitness Market Report:

Between 2023 and 2033, sales in India are expected to grow at an excellent rate of roughly 18.5% CAGR.
In 2022, the smartwatches segment held a 20.1% share of the overall market.
South Asia is expected to grow rapidly in the market, with a CAGR of almost 18% over the forecast period.
The market increased at a CAGR of 10.3% over the last five years (2018 to 2022).
Smart fitness demand in Japan and South Korea is expected to expand at a CAGR of 13% and 15%, respectively, between 2023 and 2033.

Competitive Landscape:

According to a news published on June 1, 2023, English Premier League football player Harry Kane is currently the newest athlete to put money in OxeFit, an at-home fitness gadget powered by machine learning. The company, OxeFit has already raised more than US$ 45 million in total capital, and its sales have climbed 200% year over year.
Based on an article released on May 1, 2023, The Exercise Coach in Virginia is being promoted as the state’s foremost AI-enabled gym. The Virginia smart studio employs bio-adaptive robotic exercise gear that produces and adapts workouts based on a person’s level of fitness.

Leading Key Players:

Fitbit
Pebble Inc.
Adidas
Samsung Electronics
Sony Corporation
Shanda Group
Nike Inc.
Xiaomi
Garmin International
Jawbone

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More Valuable Insights:

Future Market Insights, in its new offering, presents an unbiased analysis of the global smart fitness market presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

The study reveals essential insights By Component (Smart Accessories, Strength Training Equipment, Cardiovascular Equipment), Smart Accessories (Smart Watches, Smart Bands, Activity Trackers, Heart Monitor, and Pedometer), and region.

Smart Fitness Market Segmentation:

By Component:

Smart Accessories
Strength Training Equipment
Cardiovascular Equipment
Cross-training Equipment

By Smart Accessories:

Smart Watches
Smart Bands
Activity Trackers
Heart Monitor
Pedometer
Sleep Quality Monitor

By Region:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani