Golf Cart Market Size Set to Expand at 3.9% CAGR, Reaching US$ 2.07 Billion by 2033

The golf cart market is projected to rise from US$ 1.41 billion in 2023 to US$ 2.07 billion by 2033. According to FMI, the sales of golf carts are predicted to expand at a CAGR of 3.9% during the forecast period.

The golf cart market refers to the sector within the automotive industry focused on the manufacturing, distribution, and sale of golf carts, also known as golf cars or golf buggies. Golf carts are small, electric or gas-powered vehicles designed primarily for transporting golfers and their equipment around golf courses. However, they are also used for various other purposes, including transportation in residential communities, resorts, industrial facilities, and commercial campuses.

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Market drivers for the golf cart market include:

Golf Course Development and Expansion: Growth in golf course development and expansion drives demand for golf carts as essential equipment for golfers and course operators to navigate the course efficiently and comfortably.

Leisure and Recreational Use: Golf carts are increasingly used for leisure and recreational activities in residential communities, resorts, campgrounds, and vacation destinations, driving demand for personal transportation solutions for residents and visitors.

Urbanization and Transportation Needs: Urbanization and population growth in urban and suburban areas create demand for alternative transportation solutions for short-distance travel, leading to increased use of golf carts in residential neighborhoods, retirement communities, and commercial settings.

Sustainability and Environmental Concerns: Increasing awareness of environmental issues and the desire to reduce carbon emissions drive interest in electric golf carts as cleaner and greener transportation options compared to gas-powered vehicles.

Technological Advancements: Ongoing advancements in battery technology, electric motors, and vehicle design improve the performance, efficiency, and reliability of electric golf carts, making them more appealing and competitive compared to traditional gas-powered carts.

Overall, the golf cart market is expected to continue growing as golfing remains a popular recreational activity and as golf carts find increasing use in various other applications beyond golf courses, driven by urbanization, sustainability trends, and technological advancements in electric mobility.

Key Takeaways from the Golf Cart Market:

  • The United States holds a significant market share of 19.8% in 2023, reflecting its strong position and substantial presence in the golf cart industry.
  • Germany captures a market share of 8.2% in 2023, indicating its contribution and market presence in the golf cart industry.
  • Japan holds a market share of 4.9% in 2023, reflecting its market capture and growing demand for golf carts in the country.
  • Australia showcases a promising growth potential with a CAGR of 6.1% during the forecast period, indicating a rising demand for golf carts and related services.
  • China exhibits steady growth opportunities with a CAGR of 4.4% during the forecast period, highlighting a growing market for golf carts driven by increasing recreational activities and tourism.
  • India presents a growing market for golf carts, with a projected CAGR of 4.1% during the forecast period, indicating an increasing adoption of golf carts in resorts, golf courses, and other recreational facilities.
  • The United Kingdom demonstrates a steady growth trajectory with a CAGR of 4.0% during the forecast period, reflecting sustained demand for golf carts in the leisure and hospitality sectors.
  • The push-pull golf carts segment captures a significant market share of 28.3% in 2023, indicating their popularity and widespread use among golfers and recreational users.
  • The golf courses segment dominates the market with a substantial market share of 34.8% in 2023, reflecting the high demand for golf carts in golf courses worldwide to enhance player experience and course management efficiency.

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What are Key Players Doing to Thrive in the Golf Cart Market?

The competitive landscape of the golf cart industry is characterized by the presence of several key players striving to capture market share and deliver innovative and reliable golf cart solutions. These key players compete based on product quality, performance, design, technological innovation, customer service, and market reach. They strive to provide reliable, efficient, and enjoyable golf cart solutions to meet the needs of golfers, recreational users, and commercial customers.

  • Club Car: Club Car is a renowned manufacturer of golf carts, offering a wide range of electric and gasoline-powered carts. The company’s emphasis on durability, performance, and cutting-edge technology has established it as a leading player in the industry.
  • Yamaha Golf-Car Company: Yamaha Golf-Car Company specializes in manufacturing high-quality golf carts known for their reliability, comfort, and versatility. The company offers various electric and gas-powered carts for golfing and recreational applications.

Top Key players in in the Golf Cart Market

  1. Club Car, LLC
  2. Yamaha Golf-Car Company.
  3. E-Z-GO
  4. EverGreen Electrical Vehicles
  5. Columbia ParCar Corp
  6. Hitachi Chemical Co., Ltd.
  7. Xiamen Dalle Electric Car Co., Ltd. Company
  8. Maini Material Movement Pvt. Ltd
  9. Garia Luxury Golf Car.
  10. Cruise Car, Inc.

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Key Segment in Golf Cart Market

By Product Type:

  • Push-Pull Golf Cart
  • Gasoline Golf Cart
  • Electric Golf Cart
  • Solar Powered Golf Cart

By Operation:

  • Manual
  • Powered

By Application:

  • Golf Courses
  • Personal Use
  • Industry Use
  • Others

By Ownership:

  • Rented
  • Fully Owned

By Region:

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

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Automated Guided Vehicles (AGV) Market to Surpass US$ 2.43 Billion by 2033 with 8% CAGR

The Automated Guided Vehicles (AGVs) Market is poised to reach a valuation of approximately US$ 1.13 Billion by the year 2023, with a projected increase to about US$ 2.43 Billion by 2033. This growth signifies a significant compound annual growth rate (CAGR) of 8% spanning the period from 2023 to 2033.

The Automated Guided Vehicles (AGV) market refers to the sector within the logistics and manufacturing industries that focuses on the development, production, and deployment of automated guided vehicles for material handling and transportation tasks in warehouses, distribution centers, manufacturing facilities, and other industrial settings. AGVs are autonomous or semi-autonomous vehicles equipped with guidance and navigation systems that enable them to move goods, components, or products within a facility without human intervention.

Market drivers for the AGV market include:

Labor Shortages and Rising Labor Costs: Labor shortages, increasing labor costs, and the need for greater efficiency and productivity drive demand for automation solutions like AGVs to reduce reliance on manual labor and improve operational efficiency in warehouses and manufacturing facilities.

E-commerce Growth and Demand for Fulfillment Services: The rapid growth of e-commerce and omni-channel retailing increases demand for fast, accurate, and cost-effective order fulfillment services, spurring investment in AGVs to automate material handling and logistics processes and meet growing customer expectations.

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Industry 4.0 and Smart Factory Initiatives: Industry 4.0 initiatives and the adoption of smart factory concepts drive investment in AGVs and other automation technologies to enable real-time data exchange, interconnectedness, and flexibility in manufacturing and supply chain operations.

Safety and Regulatory Compliance: Increasing emphasis on workplace safety, regulatory compliance, and risk mitigation motivates companies to invest in AGVs with advanced safety features and technologies to improve workplace safety and reduce the risk of accidents or injuries.

Technological Advancements: Ongoing advancements in robotics, artificial intelligence, sensors, and data analytics drive innovation in AGV technology, resulting in more capable, versatile, and cost-effective solutions that address a wide range of material handling and transportation tasks.

Overall, the AGV market is expected to continue growing as companies across industries seek to improve efficiency, productivity, and safety through automation and robotics, driving adoption and investment in AGVs for material handling and logistics applications.

Key Takeaways

  • In the historical period from 2018 to 2022, the market increased at a CAGR of 4.6%.
  • FMI forecasts good growth for automated guided vehicles in the United States, with the industry rising at a 5.7% CAGR through 2033.
  • Between 2023 and 2033, the market in India is projected to expand at an outstanding 8% CAGR.
  • According to FMI’s analysis, the United Kingdom is expected to lead Europe’s AGV market, rising at a healthy 7% CAGR during the projection period.
  • The market’s leading players control roughly 60% of the market.

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Competitive Landscape

Leading players are focusing on expanding their already extensive product offerings. Increasing expenditure in research to develop improved products is another key strategy for market players to preserve their market position.

  • In March 2022, Seegrid Corporation, a creator of autonomous mobility robots worked with ROBEX. This collaborative project would assist Seegrid Corporation in growing its operations while also offering Seegrid Corporation products to ROBEX customers. This could also contribute to a great demand for supply chain management automation.
  • ResGreen Group International, Inc. (OTC PINK: RGGI) (the “Company”), a next-generation smartphone automation and software solutions provider, announced in May 2023, the release of its bidirectional BigBuddy. It is one of the industry’s durable AGVs that uses magnetic strips to transfer masses up to 5,000 pounds.

Key Companies Profiled

  1. JBT Corporation
  2. Kuka AG,
  3. Daifuku Co., Ltd.
  4. Kion Group AG
  5. Omron Adept Technologies, INC.
  6. AGVE Group, Inc.
  7. Murata Machinery
  8. Transbotics Corporation
  9. Oceaneering International Inc.
  10. Seegrid Corporation

Automated Guided Vehicle Market by Category

By Technology Type:

  • Laser Guidance
  • Magnetic Guidance
  • Infrared Guidance
  • Wire Guidance
  • Inertial Guided
  • Optical Guided

By Application Type:

  • Transportation
  • Distribution
  • Storage

By Vehicle Type:

  • Unit Load Carrier
  • Pallet Truck
  • Assembly Line Vehicle
  • Tow Vehicle
  • Forklift Truck
  • Light Load Transporters

By End Use:

  • Logistics
  • Healthcare
  • Automotive
  • Manufacturing
  • Food & Beverages
  • Aerospace

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • The Middle East and Africa

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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 5000 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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Electric Cargo Bike Market Analysis by Size, Share, Growth, Trends up to 2033

The global electric cargo bike market is expected to attain a valuation of US$ 2.1 billion in 2023 and is projected to reach US$ 6.2 billion by 2033, expected to rise at a CAGR of 11.4% during the forecast period.

The electric cargo bike market refers to the segment of the transportation industry focused on the production, distribution, and adoption of electrically assisted cargo bikes designed for carrying goods and cargo over short to medium distances. These electric cargo bikes, also known as e-cargo bikes or electric freight bicycles, integrate electric motors to provide pedal assistance, enabling riders to transport heavy loads more efficiently and sustainably than traditional cargo bikes or delivery vehicles.

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Market drivers for the electric cargo bike market include:

Urbanization and Last-Mile Delivery: The growth of urbanization and e-commerce drives demand for efficient and sustainable last-mile delivery solutions, leading to increased adoption of electric cargo bikes by businesses and delivery companies for urban logistics and parcel delivery.

Environmental Concerns and Emission Reduction Goals: Concerns about air pollution, congestion, and greenhouse gas emissions in urban areas drive interest in sustainable transportation solutions like electric cargo bikes, which offer zero-emission delivery options and help reduce traffic congestion and pollution.

Regulatory Support and Incentives: Governments and local authorities implement regulations, incentives, and subsidies to promote the adoption of electric cargo bikes and other micro-mobility solutions, creating opportunities for investment and growth in the market.

Technological Advancements: Ongoing advancements in electric motor technology, battery technology, and lightweight materials enable the development of more efficient, reliable, and cost-effective electric cargo bikes with longer range, faster charging times, and improved performance.

Shift Towards Active Transportation: The shift towards active transportation modes such as cycling and walking for short trips and urban mobility drives demand for electric cargo bikes as an alternative to cars and trucks, offering health benefits, cost savings, and convenience for riders.

Overall, the electric cargo bike market is expected to experience significant growth as businesses, delivery companies, and individuals increasingly recognize the benefits of electric cargo bikes for urban logistics, last-mile delivery, and personal transportation, driving innovation, investment, and adoption in the market.

Key Takeaways

  • The United States electric cargo bike market is expected to grow with a CAGR of 9.5% during the forecast period.
  • The demand for electric cargo bikes in Australia is expected to grow with a CAGR of 11.5% during the forecast period.
  • By battery type, the lithium-ion battery segment is projected to grow with an impressive CAGR of 12% during the forecast period.
  • The market in Germany is expected to grow with a significant CAGR of 11.6% throughout the forecast period.

“The thriving e-commerce industry and use of electric cargo bikes for fast parcel deliveries are expected to drive market growth during the forecast period,” comments an FMI analyst.

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Competitive Landscape

The market for electric cargo bike is highly competitive, with numerous prominent industry players making substantial investments in their production.

The key industry players are Jiangsu Xinri E-Vehicle Co. Ltd., Jinhua Jobo Technology Co., Ltd., CERO ELECTRIC CARGO BIKES, Worksman Cycles, DOUZE Factory SAS, XYZ CARGO, Butchers & Bicycles ApS, NIHOLA, Babboe, Yuba Electric Cargo Bikes, BODO Vehicle Group Co., Ltd. (LUXMEA), Chongqing Mobimax Technology Co., Ltd., Carqon (Accell Group N.V.), XCYC (Gemeinnützige Werkstätten und Wohnstätten GmbH ), Riese & Müller GmbH, Urban Arrow, Rad Power Bikes Inc., Tern Bicycles (Mobility Holdings, Ltd.), Pedego Electric Bikes, Xtracycle Inc, Amsterdam Bicycle Company, Triobike.

Key Segments Profiled in the Electric Cargo Bike Industry Survey

By Product Type:

  • Two Wheeled
  • Three Wheeled
  • Four Wheeled

By Battery Type:

  • Lead-Based
  • Nickel Based
  • Lithium Ion

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By End-Use:

  • Courier & Parcel Service Provider
  • Large Retail Supplier
  • Personal Transportation
  • Service Delivery
  • Waste & Municipal Services

By Region:

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

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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 5000 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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Micro-mobility Charging Infrastructure Market Share, Business Insights And Forecast by 2033

The Global Micro-mobility Charging Infrastructures Market was valued at US$ 3.8 Billion in 2021 and is expected to reach US$ 36.6 Billion by year 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report, wired Micro-Mobility Charging Infrastructures will remain pivotal for the market as the bulk of revenue will be generated through this category, with a forecasted CAGR of 22.5%.

The micro-mobility charging infrastructure market refers to the segment of the transportation industry focused on providing charging solutions for electric micro-mobility vehicles, such as electric scooters, bicycles, and mopeds. As the popularity of micro-mobility services continues to grow in urban areas worldwide, the need for convenient, accessible, and efficient charging infrastructure becomes increasingly important to support the adoption and expansion of electric micro-mobility fleets.

Market drivers for the micro-mobility charging infrastructure market include:

Growth of Electric Micro-Mobility: The increasing adoption of electric micro-mobility vehicles, such as e-scooters and e-bikes, for short-distance urban trips drives demand for charging infrastructure to support the charging needs of these vehicles and ensure their availability and reliability for users.

Environmental Concerns and Sustainability Goals: Concerns about air pollution, congestion, and greenhouse gas emissions in urban areas drive interest in sustainable transportation solutions like electric micro-mobility, spurring investments in charging infrastructure to promote the transition to cleaner and greener modes of transportation.

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Regulatory Support and Incentives: Governments and local authorities implement regulations, incentives, and subsidies to promote the adoption of electric micro-mobility vehicles and encourage the development of charging infrastructure, creating opportunities for investment and growth in the market.

Technological Advancements: Ongoing advancements in charging technology, battery technology, and renewable energy integration enable the development of more efficient, cost-effective, and scalable charging infrastructure solutions for electric micro-mobility vehicles.

Urbanization and Population Density: Increasing urbanization and population density in cities worldwide lead to greater demand for convenient, affordable, and sustainable transportation options, driving the expansion of electric micro-mobility services and the need for charging infrastructure to support them.

Overall, the micro-mobility charging infrastructure market is expected to experience significant growth as cities invest in sustainable transportation solutions and the adoption of electric micro-mobility continues to accelerate, creating opportunities for innovation, investment, and collaboration in the market.

Micro-mobility Charging Infrastructures Market: Competition Insights

At present, Micro-mobility Charging Infrastructure providers are largely aiming at gaining a foothold in the market and adapting to new technology and legislation. The key companies operating in the flexible screen market include Ather Energy, Beam, Bike-energy, Bikeep, Duckt, Electrify America LLC, Flower Turbines, Get Charged, Inc., Giulio Barbieri SRL., Gogoro, Ground Control Systems, Kuhmute Inc., Magment GmbH, Meredot SIA, Numocity Technologies Pvt Ltd., PBSC Urban Solutions, Perch Mobility, Robert Bosch GmbH, Siemens AG, Solum PV. Swiftmile, The Mobility House GmbH, Tier and WiTricity among others.

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Some of the recent developments by key providers of Micro-Mobility Charging Infrastructure are as follows:

  • In June 2022, Statiq, a charging network provider and Hala mobility, a mico-mobility EV startup announced a partnership that will allow Hala’s users to benefit from Statiq’s charging network.
  • In April 2022, Gogoro went public, listing on NASDAQ after a SPAC deal merger with Poema Global as Gogoro, Inc under the symbols GGROW and GGR for warrants and shares.
  • In March 2022, Germany-based Swobbee raised US$6.5 Mn in Series A funding. The company focuses on the commercialization of battery swapping.
  • In February 2022, South Korea’s Swing raised US$24 Mn in Series B funding. The company plans to use the funds raised to increase their fleet and progress into the market in Japan.
  • In January 2022, Germany’s Soltsol AG and announced a strategic partnership with Swiftmile. They plan to collaborate to establish LEV hubs at locations throughout the European Union, starting with Germany.
  • In September 2021, Perch Mobility announced a partnership with LAZ Parking. The two companies plan to collaborate through the establishment of Perch’s Community Charging Portals in LAZ spots.
  • In May 2021, South Korea’s LG Electronics Inc announced a partnership with Kickgoing. The two collaborated to establish 20 wireless electric scooter charging spots in Bucheon, South Korea.
  • In October 2021, in the joint venture created by battery swapping provider Gogoro and China’s Yadea and DaChangJiang, both vehicle manufacturers invested a combined US$ 50 Mn into the venture. They initially launched 45 battery swap stations and compatible vehicles in Hangzhou, under the Huan Huan brand.
  • In April 2021, HeroMotoCorp and GogoroInc announced a strategic partnership. Under this partnership, they plan to establish a battery swapping joint venture under which they will combine Gogoro’s battery swapping expertise and Hero’s expertise in the manufacturing of scooters to introduce new vehicles for the Indian Market.

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Key Segments Covered in Micro-Mobility Charging Infrastructure Industry Survey

Micro-mobility Charging Infrastructure Market by Vehicle Type:

  • E-scooters
  • E-bikes
  • E-unicycles
  • E-skateboards

Micro-mobility Charging Infrastructure Market by Charger Type:

  • Wired
  • Wireless

Micro-mobility Charging Infrastructure Market by Power Source:

  • Solar Powered
  • Battery Powered

Micro-mobility Charging Infrastructure Market by End-Use:

  • Commercial
  • Residential

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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 5000 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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Indonesia Faith-Based Tourism Market Surges with a Projected 11.3% CAGR Boost by 2032 | FMI

The  Indonesia faith-based tourism market is projected to reach a valuation of US$ 292 Million in 2022, with demand growing at an 11.3% CAGR over the forecast period.

Domestic and international religious tourism activities for Muslims are offered in Indonesia. Umrah is the most common sort of pilgrimage performed overseas. However, the number of Muslims making pilgrimages to Mecca and Medina remains significantly lower than the number of people visiting holy sites in their own country.

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As a result, the chance to expand Muslim tourism in Indonesia is enormous, given that the percentage of Muslims is the highest when compared to the number of followers of other religions. In addition, public interest in following the trip is growing.

Tourism has historically been closely linked to religion, which has served as a key motive for travel since the time of early pilgrimages associated with present travels to sacred destinations.

Religious architecture, rituals, festivals, and ceremonial events are important tourism attractions for both casual tourists and devout adherents of the many religious systems represented. Religious tourism has developed into a substantial component of the tourist niche market.

Key Trends in Indonesia Faith-Based Tourism Market

In recent years, Indonesia has emerged as a dynamic hub for faith-based tourism, drawing pilgrims and travelers seeking spiritual enrichment. This flourishing niche market is characterized by several key trends that signal a promising future for the industry.

  • Diverse Religious Landscape: Indonesia boasts a rich tapestry of religions, including Islam, Hinduism, Buddhism, and Christianity. This diversity makes it an ideal destination for faith-based tourism, attracting pilgrims from around the world. The coexistence of various religious sites offers a unique opportunity for travelers to experience a multitude of cultural and spiritual traditions.
  • Digital Transformation: The advent of technology has significantly impacted the way tourists plan and embark on faith-based journeys. Online platforms and mobile applications now play a crucial role in providing information on religious sites, facilitating bookings, and fostering a sense of community among like-minded travelers. This digital transformation has made Indonesia’s faith-based tourism more accessible and organized.
  • Community Engagement and Sustainable Tourism: Travelers are increasingly seeking meaningful experiences that go beyond traditional sightseeing. Faith-based tourism in Indonesia has responded to this demand by promoting community engagement and sustainable practices. Pilgrims often participate in local initiatives, contributing to the preservation of religious sites and the well-being of the communities that host them.
  • Interfaith Dialogue and Harmony: Indonesia has become a beacon of interfaith dialogue, fostering an atmosphere of religious tolerance and harmony. Faith-based tourism serves as a catalyst for promoting understanding and respect among different religious communities. Pilgrims often engage in dialogues, cultural exchanges, and joint religious celebrations, creating an environment that transcends religious boundaries.

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Key Players

  • Golden Rama Tours & Travel
  • Panorama Destinations
  • Kakaban Tours & Travel
  • Manta Dive
  • Flores Exotic Tour
  • The Seven Holiday
  • Gogonesia.com
  • H.I.S. Tours & Travel Jakarta
  • Chan Brothers Travel
  • Best Tour & Travel Indonesia
  • Avia Tour
  • Dwidaya Tour Mal Grand Indonesia
  • Smailing Tour
  • Wita Tour
  • Pan Travel
  • AntaVaya Group
  • Raptim Tours & Travel Indonesia
  • HOPE Travel

Competitive Landscape

To increase sales, leading players in Indonesia’s faith-based tourism industry are focusing on promotional techniques and publicizing renowned tourist spots in Indonesia.

Indonesia Faith-Based Tourism Industry by Category

Tourism Type:

  • Day Trips & Local Gateways
  • Museums
  • Pilgrimages
  • Religious and Heritage Tours
  • Others

Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

Tourist Type:

  • Domestic
  • International

Age Group:

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

Consumer Orientation:

  • Men
  • Women
  • Children

Tour Type:

  • Independent Travellers
  • Tour Groups
  • Package Travellers

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 5000 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 

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Geo-Tourism Market Predicted to Reach Staggering US$ 1,258.9 Billion by 2033 | FMI

As per a new report released by Future Market Insights (FMI), geo-tourism market is estimated to reach US$ 737.0 billion in 2023. It is projected to cross US$ 1,258.9 billion by 2033. It would expand at a CAGR of 5.5% from 2023 to 2033.

Geo-tourism in the market has created a new niche for businesses. It is adding up to new trends along with the previous ones in this context.

While geo-parks exist commonly in places, it is creating an example of sustainable development in local areas. Geo-tourism is becoming broader by including a wide range of niche tourism. These include eco-tourism, cultural, and rural-tourism.

To sustain, preserve, and enhance the geographical aspect of a certain place is what geo-tourism stands for. It preserves an area’s culture, its rich aesthetics, and its heritage.

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Geo-tourism holds multiple scopes for growth and economic development in the tourism sector. It is promoted through geo-marketing, which is a concept in trend these days.

Geo-tourism displays those geological features which has begun billions of years ago. Governments are becoming more aware of the global heritage in countries. They have started to realize their economic potential concerning geo-tourism.

For instance, there is a project for the establishment of a national geo-park in Kutch. It is establishing the start of geo-tourism in India. The country has a rich geological heritage, several of which are still to be developed for tourists.

Advancement in infrastructural development of geo-heritage and geo-sites can be observed in the next ten years. There is potential for countries to become a part of the geo-park network on a global level.

It also has the potential to create enormous job opportunities. It would lead to huge revenue collection through geo-tourism, which will increase the respective GDP.

However, this is an area in terms of future growth opportunity. It needs to be worked upon through the support and encouragement of various communities. With the involvement of government, the field will soon become more established in the next ten years.

Key Takeaways from the Geo-Tourism Market Study

  • Students between the age group of 16 to 25 prefer geo-tourism and geological site visits.
  • Based on booking channel, online channels are preferred by 3% of the travelers for bookings at geo-tourism sites.
  • Based on nationality, domestic travel is preferred more than international travel worldwide.
  • India geo-tourism market would hold a share of around 7% by 2033.
  • China geo-tourism market would capture a share of about 9% in 2033.

Competitive Landscape: Geo-Tourism Market

The geo-tourism sector has seen numerous players. They are outlining a variety of tactics to take a sizable market share. The landscape of the worldwide market is quite competitive.

Connected systems have been created with businesses such as McLennan to make the process go smoothly. Real-time data optimization would benefit from it. As a result, it is replacing all of the handwritten data and preventing chaos.

Supplier support networks are expanding globally. Their relationships with direct suppliers are productive. Tourism promotion and growth are top priorities for market players. Their tactics are being successfully put into practice.

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Leading players in the global geo-tourism market are:

  • National Geographic Expeditions
  • Gondwana Eco Tours
  • Seacology
  • Myths and Mountains
  • Global Basecamps

Geotourism Market Outlook by Category:

By Direct Suppliers:

  • Airlines
  • Hotel Companies
  • Car Rental
  • Train
  • Tour Operators
  • Government Bodies

By Indirect Suppliers:

  • Online Travel Agency (OTA)
  • Traditional Travel Agencies
  • Travel Management Companies (TMCs)
  • Corporate Buyers
  • Aggregators

By Age:

  • Under 15
  • 16 to 25
  • 26 to 35
  • 36 to 45
  • 46 to 55
  • Over 55

By Demographic:

  • Male
  • Female
  • Kids

By Nationality:

  • Domestic
  • International

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In-Person Booking

By Tour Type:

  • Individual Travel
  • Professional Groups
  • Group Travels

By Tourism Type:

  • Sustainable Tourism
  • Urban Geo-Tourism
  • Rural Geo-Tourism
  • Natural Tourism
  • Eco Geo-tourism
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and 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 5000 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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Tabbing Tapes Market Growth: Industry Projected US$ 1,010 million by 2033

Tabbing tapes, also known as tab tapes or reinforcement tapes, are adhesive strips commonly used to reinforce and strengthen punched holes in documents, papers, or other materials. These tapes typically come in narrow strips with adhesive on one side and are applied along the edges of punched holes to prevent tearing or damage.

The global tabbing tapes market is on track to achieve a market value of approximately US$ 632.23 million in the year 2023, with an anticipated expansion to reach a substantial valuation of US$ 1,010 million by exhibiting a commendable compound annual growth rate (CAGR) of 4.8% during the forecast period spanning from 2023 to 2033. In the historical period from 2018 to 2022, the Tabbing Tapes market registered growth with a CAGR of 3.9%.

The market for tabbing tapes is poised to benefit from this transformative phase, capitalizing on the evolving landscape of packaging materials and methods. A notable trend is the increasing popularity of paperboard packaging, which finds applications in the food and beverage, healthcare, manufacturing, personal care, and other sectors. Its environmentally friendly attributes, compared to alternative packaging materials such as metal and plastic, are a significant driving force behind its global demand. This surge in the adoption of sustainable packaging solutions further fuels the growth of the tabbing tapes market, emphasizing its crucial role in the dynamic packaging industry.

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Market Drivers

  1. Sustainability and Eco-friendliness: Growing environmental awareness fuels demand for eco-friendly tabbing tapes and sustainable packaging solutions, aligning with green initiatives.
  2. E-commerce Growth: The booming e-commerce industry, driven by increasing online shopping, necessitates robust packaging solutions, with tabbing tapes being crucial for secure package sealing.
  3. Packaging Industry Expansion: The broader packaging sector’s growth relies on tabbing tapes for tasks such as carton sealing, labeling, and bundling, propelling demand.
  4. Manufacturing Efficiency: Tabbing tapes play a significant role in enhancing manufacturing efficiency by providing quick and secure sealing, reducing downtime, and improving productivity in various industries.
  5. Retail Packaging: Retailers rely on tabbing tapes for sealing and labeling products, ensuring tamper-evidence, product protection, and presentation to consumers.

Key Trends

The market is poised for growth, driven by a wave of technological advancements that enhance the reliability and functionality of tabbing tapes. Notable innovations include linerless construction, UV resistance, and other features that contribute to the versatility and effectiveness of these tapes.

To further elevate the quality and efficiency of tabbing tapes, extensive efforts are underway to develop innovative backing materials. Leading corporations are making substantial investments in research and development initiatives aimed at delivering tabbing tapes of superior quality and performance. This proactive approach ensures that tabbing tapes continually evolve to meet the changing needs and demands of various industries and applications.

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Recent Developments

In June 2022, Clearlake Capital Group, L.P. successfully completed the acquisition of Intertape Polymer Group Inc., marking a significant milestone in the company’s strategic growth trajectory. This acquisition is poised to strengthen Clearlake’s presence in the packaging and adhesive solutions market, positioning it for continued expansion and success.

Similarly, in January 2022, Tesa S.E., a subsidiary of Beiersdorf Group, announced the establishment of a new manufacturing plant in the Vietnamese port city of Haiphong. This strategic investment, totaling US$ 65.07 million, underscores Tesa’s commitment to expanding its production capacity and enhancing its presence in key markets. With a projected annual production capacity of 40 million square meters of adhesive tape, this state-of-the-art facility will enable Tesa to meet growing demand and serve its customers more efficiently.

Key Players

  • Tesa SE
  • Avery Dennison Corporation
  • Intertape Polymer Group Inc.
  • Scapa Group PLC
  • 3M Company
  • Shurtape Technologies
  • PLC
  • ECHO tape
  • Nitto Denko Corporation
  • Adhesive Research Inc.
  • Others

Key Segment of Tabbing Tapes Market Covered in the Report

Based on Product Type:

  • Acrylic
  • Rubber
  • Silicone
  • Others

Based on Material:

  • Paper/Tissue
  • Pet/Polyester
  • Non-Woven
  • Others

Based on Application:

  • Paper & Printing
  • Electronics
  • Packaging
  • Labelling
  • Others

Based on Region:

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

Read More Info: https://www.futuremarketinsights.com/reports/tabbing-tapes-market

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 5000 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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Industrial Tourism Market Targets a Remarkable US$ 18,739.3 Million Revenue with a 27.4% CAGR by 2033 | FMI

According to Future Market Insights (FMI), in 2023, the industrial tourism market would be worth US$ 1,663.6 million. By 2033, it would reach US$ 18,739.3 million. The surge would occur at a CAGR of 27.4% from 2023 to 2033.

As high disposable income group numbers are increasing, it is giving rise to more travelers. It is increasing industrial tourists worldwide. They are initiating travel plans to various industries which spark their interests.

Need for structural changes would grow when it comes to industrial infrastructure protection. It also includes development of manufacturing industries.

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Eco efficiency and eco innovation of industrial resources is implemented. These would help to limit material and energy intensities.

These transformations would contribute toward rising productivity of natural resources. It would also bring down the pressure which is building on the ecological environment.

Establishment of sustainable factories is creating value and restoring energy resources. Increasing commitment of various industries toward environmental protection would boost demand.

Industries are nowadays eliminating any medium which is causing carbon dioxide emissions. They are trying to reinvent themselves and bring energy use optimization in the market.

An integrated approach has to be implemented by key industries. It would help them to balance industrial transformation and development. They can keep sustainability into action.

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Industrial policies, measures, and activities are contributing toward its establishment. Sustainable industrial development would bring future scope of evolution.

It would be showcased in organizational management, production techniques, and product designing. It is an approach that is driving the industrial tourism market. These practices will enhance utility of production resources sustainably for various industries.

The tourism industry is facing key concerns with scarce natural resources. Fragility of planet Earth and over-exhaustion of energy resources would also create awareness.

It is hence resulting into better production and low consumption. Industries are keeping in mind sustainability factors in industrial tourism development.

Key Takeaways from the Industrial Tourism Market

  • The global industrial tourism market showcased around -14.6% CAGR between 2018 and 2022.
  • By tour type, the professional group category would expand at a substantial CAGR of 8% during the forecast period.
  • Top 5 companies in the global industrial tourism market held over 30% to 35% of share in 2022.
  • Based on tourism type, the factory tours segment will exhibit a significant share by 2023.
  • Based on age group, the 16 to 25 years’ category would hold the lion’s share by 2033.

Competitive Landscape: Industrial Tourism Market

Prominent firms are using unique tactics to gain a significant share in the highly competitive environment. They are planning to maintain internal control over every facet of their services and channel support. They are attempting to guarantee that clients get value for their money.

Direct service providers are partnering up with indirect suppliers. They are pacing their support channels. They are also trying to meet a variety of needs.

The industrial tourism sector would experience progressive growth. Partnerships and cooperation between suppliers across the industry would become more prevalent.

A few leading players in the Industrial Tourism Market are:

  • American Express Global Business Travel
  • World Travel Inc.
  • Ovation Travel Group
  • Omega World Travel
  • Priceline Group

Industrial Tourism Market by Category

By Direct Suppliers:

  • Airlines
  • Hotel Companies
  • Car Rental
  • Train
  • Tour Operators
  • Government Bodies

By Indirect Suppliers:

  • Online Travel Agency (OTA)
  • Traditional Travel Agencies
  • Travel Management Companies (TMCs)
  • Corporate Buyers
  • Aggregators

By Number of Bookings:

By Age Group

  • Under 15
  • 16 to 25
  • 26 to 35
  • 36 to 45
  • 46 to 55
  • Over 55

By Tourism Type:

  • Work Watching
  • Factory Tours
  • Mine Tours
  • Farm Tours
  • Wine Tours
  • Parliament Tours
  • Tours of Specific Company Premises
  • Factory Visits by Business Tourists

By Demographic:

  • Male
  • Female
  • Kid

By Nationality:

  • Domestic
  • International

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In-Person Booking

By Tour Type:

  • Individual Travel
  • Professional Group
  • Group Travel

By Country:

  • USA
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Russia
  • India
  • China
  • Japan
  • Malaysia
  • Singapore
  • Australia
  • United Arab Emirates
  • Kingdom of Saudi Arabia
  • Italy
  • Qatar
  • Oman
  • Rest of the World

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 5000 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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Space Tourism Market Unfurls an Astonishing US$ 13,239.5 Million Market Projection by 2033 | FMI

The worldwide space tourism industry is expected to reach US$ 678.3 million in 2023, according to Future industry Insights (FMI). Space tourism is expected to see growth in sales between 2023 and 2033 at a 38.6% CAGR. By 2033, the total market valuation is expected to reach US$ 13,239.5 million.

Space tourism industry is a growing market with innovations and technological advancements. Several prominent companies such as SpaceX are introducing reusable rocket technology. This is making the space flights accessible and more affordable for humans.

With the launch of commercial suborbital travels, there is going to be a subsequent change in the experiences that these travels will offer in the future. There are speculations however, that high net income people or private researchers will get direct access to space tourism in the upcoming future but it brings certain limitations when it comes to ordinary citizens.

These suborbital trips and spaceflights will bring growth opportunities for space tourism. They will also aid in scientific research purpose. Besides this they will allow travel enthusiast to get new fascinating space experience.

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Rising popularity of space tourism across emerging countries will bring new opportunities. Reduction in prices due to integration of novel space technologies will boosts sales.

However, there could be a severe environmental impact of space tourism. Hence, proper solution needs to be implemented to avoid trouble in the future. Space tourism also presents itself with another challenge which is the affordability. It is still presented as luxury due to its cost.

New initiatives are being taken to ensure that there is a complete benefit of space tourism in the commercial market.

Key Takeaways for Space Tourism Market Report:

  • The market for space tourism is forecast to reach a valuation of US$ 13,239.5 million by 2033.
  • Global space tourism revenue is set to rise at 6% CAGR between 2023 and 2033.
  • Online booking channel is likely to hold around 65% during the assessment period.
  • By age group, 16 to 25 category will reflect a CAGR of 9% through 2033.
  • By demographic, male segment generates most of the revenues in space tourism market.
  • The United States space tourism market will exhibit marvellous growth through 2033.
  • The space tourism industry in India is set to generate lucrative revenues.

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Key Players:

  • Blue Origin
  • Virgin Galactic
  • Space X
  • Airbus Group SE
  • Boeing
  • ZERO-G
  • Airbus Group SE
  • Axiom Space
  • Bigelow Aerospace
  • Orion Span
  • Space Adventures
  • Space Perspective
  • World View Enterprises
  • Zero2Infinity

Space Tourism Market by Category

By Direct Suppliers:

  • Airlines
  • Hotel Companies
  • Train
  • Tour Operators
  • Government Bodies

By Indirect Suppliers:

  • OTA (Online Travel Agency)
  • Traditional Travel Agencies
  • TMC’s (Travel Management Companies)
  • Corporate Buyers
  • Aggregators

By Number of Bookings:

By Age:

  • Under 15
  • 16-25
  • 26-35
  • 36-45
  • 46-55
  • Over 55

By Tourism Type:

  • Stratospheric
  • Suborbital
  • Orbital
  • Others

By Demographic:

  • Male
  • Female
  • Kid

By Nationality:

  • Domestic
  • International

By Booking Channel:

  • Offline Booking
  • Online Booking

By Tour Type:

  • Individual Travel
  • Professional Groups
  • Group Travels

By Country:

  • USA
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Russia
  • India
  • China
  • Japan
  • Malaysia
  • Singapore
  • Australia
  • United Arab Emirates
  • KSA
  • Italy
  • Europe
  • Rest of the World

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 5000 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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Rural Tourism Market Set to Reach US$ 198.3 Billion, Fueled by a 6.8% CAGR till 2033 | FMI

According to a recent report by Future Market Insights (FMI), the rural tourism market is expected to reach a valuation of US$ 102.7 billion by 2023. Sales are predicted to increase at a strong 6.8% CAGR, putting the company’s market value at US$ 198.3 billion in 2033.

Activities conducted in locations with lower population densities are essentially referred to as rural tourism. These regions are mostly close to farms and other agricultural land and have stunning natural beauty. Rural tourism is significantly influenced by the seasons and local cultural activities.

It is expected that the highly participative rural tourist market would enhance people’s social and economic well-being. A number of local companies have recently opened as a result of rural tourism’s growing popularity.

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However, rural tourism development is facing several challenges. For instance, waste is increasing across rural regions in the world where tourism is escalating. These regions do not have the infrastructure to manage waste. As a result, most of the waste is being dumped in the open.

Players in the market for rural tourism need to find ways of reducing the burden of waste. Governments should also get involved to make people aware of the damage to the environment being done through poor waste disposal practices. Green tourism, a particular sub-segment of rural travel, is picking up pace as a result.

Local players responsible for accommodation, food, and activities for tourists should step up to ensure that visitors follow sustainable practices. They should also maintain a fine balance between profitability and sustainability.

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Key Takeaways:

  • The global market for rural tourism reached a valuation of US$ 96.9 billion in 2022.
  • In 2023, the global market is likely to reach a US$ 102.7 billion
  • Between 2023 and 2033, the global market is poised to register a healthy 8% CAGR.
  • From 2018 to 2022, the global market recorded a slow CAGR of 9%.
  • By booking channel, the online segment is anticipated to hold a noteworthy share of 70% in the rural tourism industry.
  • The online segment is set to accelerate at an impressive 4% CAGR in the coming years.
  • Elderly people between the age group of 55 to 59 should reflect a CAGR of 5% and drive market expansion.

Key Players:

  • Village Ways
  • Himalayan Ark
  • Butterfield & Robinson
  • World Expeditions
  • Yatra.com
  • Condor Airlines
  • Lufthansa
  • Singapore Airlines
  • Martin Randall Exodus Travel
  • Beaches of Normandy Tours

Rural Tourism Market by Category

By Direct Suppliers:

  • Airlines
  • Hotel Companies
  • Car Rental
  • Train
  • Tour Operators
  • Government Bodies

By Indirect Suppliers:

  • OTA (Online Travel Agency)
  • Traditional Travel Agencies
  • TMC’s (Travel Management Companies)
  • Corporate Buyers
  • Aggregators

By Age:

  • Below 15 years
  • 16 to 25
  • 26 to 35
  • 36 to 45
  • 46 to 55
  • Over 55

By Tourism Type:

  • Agro Tourism
  • Farm Tourism
  • Wilderness and Forest Tourism
  • Green Tourism
  • Eco-Tourism

By Demographic:

  • Male
  • Female
  • Kid

By Nationality:

  • Domestic
  • International

By Booking Channel:

  • Offline Booking
  • Online Booking

By Tour Type:

  • Individual Travel
  • Professional Groups
  • Group Travels

By Country:

  • The United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • The United Kingdom
  • France
  • Spain
  • Russia
  • India
  • China
  • Japan
  • Malaysia
  • Singapore
  • Australia
  • UAE
  • KSA
  • Italy
  • Qatar
  • Oman
  • Rest of World

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 5000 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
LinkedIn| Twitter| Blogs | YouTube