Market Research Blog – Page 9559 – New Product Development

Diving Tourism Market – Key Players & Growth Strategies Adopted by Them

The global diving tourism market is estimated to reach a valuation of US$ 2,940 Mn in 2022. Overall sales are projected to increase at a 6.0% CAGR, surpassing US$ 5,281 Mn by 2032.

The water adventure tourism industry has been able to reach out to individuals all around the world thanks to increased social media and advertising. Around 10-15% of international and 6-8 percent of domestic recreational dive & snorkelling visitors participate in dive training courses. One of the primary factors driving the industry is the availability of courses ranging from a basic introductory course to highly specialised advanced courses.

Water adventure tourism, often known as water-based tourism, is becoming increasingly popular across the globe. Technological developments and advancements in water sports equipment have a greater impact on individual safety, resulting in increasing involvement in water sports, broadening the scope of water adventure sports, and so benefiting the water adventure tourist sector.

Skilled professionals and instructors are on hand to assist and guide tourists, as well as teach knowledge and technical know-how on how to safely utilize underwater equipment (scuba diving and deep-sea diving).

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Consumers are increasingly interested in unique experiences such as wreck dives, cod holes, and minke whales, hence the feature dive sub-sector of the business is gaining traction. Smaller operators are more likely to provide these specialty dives, which are often only available for a limited time.

In addition, the companies are focusing on forming relationships with domestic tour operators in order to develop their business and obtain a competitive advantage.

Key Takeaways:

Based on diver type, the active diver segment is predicted to account for a dominant share of 45% in the market through 2032.
In terms of consumer orientation, the men segment held 60% of the total market share in 2021, and the trend is expected to continue over the forecast period.
By booking channel, the online booking segment is anticipated to hold a noteworthy share of 48%.
In terms of age group, demand in the 26-35 segment will continue gaining traction through 2032.
Demand in the South Asia diving tourism market will grow at 8.3% CAGR owing to increasing influx of diving tourists in Philippines.
Based on tour type, sales in the group tour segment will remain high over the forecast period.
The U.S. will emerge as a lucrative market in North America diving tourism market, registering 5.6% CAGR during the forecast period.

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Impact of COVID-19 on the Diving Tourism Market

The desire for diving tourism has been decreased as a result of global shutdown restrictions. According to the United Nations World Tourism Organization, international tourist visits (overnight visitors) decreased by 70% from January to August 2020, compared to the previous year (UNWTO).

Dive facilities in cities witnessed a drop in retail sales as well as earnings from dive trips and classes for divers. Dive shops on the islands have lost over half of their trading season, which spans from March to October.

However, with resumption of diving and training programmes, the number of divers and dive students are predicted to increase. This is expected to propel the growth in the market over the forecast period.

Who is winning?

Leading manufacturers of diving tourism are focusing on smart promotional strategies, advertisements, and new diving destinations to improve sales in the market.

Major players present in the diving tourism market are The Natural Travel Collection Ltd, PADI Travel, Dive The World, Fly & Sea Dive Adventures, World Dive and Sail International, Ultimate Dive Travel, Hidden Depths Dive Tours, Project Expedition, Scuba Travel, Bluewater Travel, Entrada Travel Group, Island Expeditions Company Limited, Pro Dive Cairns, Dive Adventures, Liveaboard Adventures, National Geographic Expeditions, Deep Blue Adventures, Caradonna Adventures, Advanced Diver Mexico, Asia Diving Vacation among others.

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Global Diving Tourism Market by Category

By Diving Type:

Drift Diving
Deep Diving
Wreck Diving
Others

By Diver Type:

New Diver
Casual Diver
Active Diver
Professional Diver

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

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Pre-Book Airport Transfer Market – Key Players are Adopting Different Growth Strategies to Maintain Their Global Dominance

The global pre-book airport transfer market is anticipated to surpass US$ 6.3 Bn in 2021. Between 2021 and 2031, the market is expected to exhibit compound annual growth rate (CAGR) of 23.6%. Spurred by this, the global market valuation is expected to total US$ 52.42 Bn by 2031.

Adoption of AI in airport transfer services has improved the efficiency encouraging the consumers to opt for convenient and leisure services. This in turn is accelerating the sales in the market.

Due to easy internet availability, consumers no longer have to wait in a queue or browse through websites for endless time to book the best airport transfer option. There has been tremendous growth in passenger traffic with the steady decline in the cost of air travel, a reduction of over 70% since 1970.

Integration of artificial intelligence (AI), chat-bot, digital payment and other advanced technology in airport transfer services is gaining immense popularity in the pre-book airport transfer market. Against this backdrop, key players are consistently focusing on introducing innovative technologies for better services.

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The decrease in the cost has led to an increase in accessibility of air travel democratization. Further, air travel is becoming increasingly accessible in the developing countries, with various low-cost travel options, it is no longer a privilege and luxury commodity.

Moreover, chat-bot integrated into the airport transfer booking application or website enables online chat and offers information on nearby vehicle details. Customers can book cars, schedule pickup times, find out car fares, driver details and more easily via text-to-voice or regular text chat.

With these technologies, information about the flight arrival and landing time becomes really convenient and easy. Alongside this, guidance towards the shortest path with the minimum congestion in an airport, assistance for accurately scheduling a pickup time, the vehicle list and booking a ride at just a single touch are some of the factors aiding market growth.

For instance, in 2019, Avis Budget Group, partnered with Verizon and Edison Interactive, and launched an all-in-one digital travel assistant exclusively available to Avis, Budget, and Payless Car Rental customers.

Key Takeaways from the Pre-Book Airport Transfer Market Study

In terms of transportation, the public transportation is expected to dominate, accounting for a notable share in the pre-book airport transfer market.In terms of purpose, leisure travel is expected to hold a noteworthy revenue share.
More than 40% of travellers prefer to travel for leisure purpose for enjoyment, amusement, and pleasure.In terms of booking channel, the in-person booking segment will account for lion’s share during the forecast periodIn terms of travel type, solo traveller is anticipated to garner significant market growth during the upcoming years.
Russia is expected to witness highest growth, registering 6.8% CAGR during the forecast period. Germany is expected to be one of the most lucrative market across Europe, contributing revenues at 2.3%“Competition in the market is expected to be fierce with increasing adoption of innovative technologies. Key players are focusing on acquisition & collaboration strategies to expand their global presence.
Also, expansion of airport infrastructure, rising air traffic and availability low cost airlines are expected to bolster the growth of the global pre-book airport transfer industry” says an FMI analyst.

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Impact of COVID-19 on the Market

The outbreak of COVID-19 has devastated economies across the globe and impacting the global pre-book airport transfer market negatively. The market players are facing insurmountable and immense challenges due to the global shutdown.

Demand for airport transfer witnessed sudden decline during the FQ-20, with reduced global air traffic at the airport.

However, post-epidemic, safety and hygiene have become the need of the hour, practices for disinfecting the car are followed meticulously. The need for the social distancing regulations and individual mobility is bound to improve the condition of the industry.

For instance, Uber has partnered with experts to develop new safety protocols. This includes providing drivers with Clorox Disinfecting Wipes to the drivers, so that customers can feel safe on their next ride.

In addition, Alamo Enterprise has become a member of the Clorox Safer Today Alliance, an alliance to help create healthier shared spaces now and in the future.

Who is Winning?

Several companies are adopting strategies such as mergers and acquisitions as an effective way of maintaining or increasing market share.

Major players present in the pre-book airport transfer market are SuperShuttle International Company Lyft, Inc., Uber Technologies, Inc., Keys Shuttle, AAA Conch Limo. LLC, A&M Rentals, Avis Company, The Hertz Corporation Greyhound Lines, Inc., Alamo Enterprise, Avis Budget Group, Charter Vans, Inc., Dayton Express Cab Co., Orlando Black Car Inc., Apollo’s Chariots Inc., Advanced Shuttle Company, Charles River Transportation Management Association, Yellow Radio Service, and Budget Rent a Car System, Inc among others. Aggressive promotional strategies, and advertisements, have driven the market growth of pre-book airport transfer globally.

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Market by Category

By Traveler Type:

Domestic
International

By Transportation Type:

Private Transportation
- Taxes & Shuttles
- Car Rentals
- Ride Shares
- Others
Public Transportation
- Inter-City Shuttles
- Inter-Terminal Shuttles
- Others

By Age Group:

23-25 Years
26-45 Years
45-60 Years
More Than 60 Years

By Purpose/Tourist Type:

Business
Leisure
Visit Friends/Relatives
Education
Conventions
Religious
Health Treatment

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Traveler Type:

Independent Traveler
Group Traveler

By Region:

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

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Special Interest Tourism Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2032

The special interest tourism market is projected to reach US$ 3,489.7 Bn in 2022. As per the report, sales are forecast to increase at a robust 22.7% CAGR, with the market valuation reaching US$ 26,921.1 Bn by 2032. Total sales in the special interest tourism market represent 10-15% of the global tourism market.

Agritourism is thriving across the world since it offers unique opportunities for combining aspects of agriculture and tourism industry, offer a plethora of educational, financial, and social benefits to tourists and communities, alike.

Surging focus on sustainability will remain chief driver of special interest tourism. An increasing number of rural advocates, government officials, and farmers are enthused about prospects of direct farm marketing. Direct marketing aids in rural development by attracting agricultural tourists.

Recreational activities such as pick your own food, cut-your-own Christmas trees, and others are organized under this concept, facilitating special interest tourism growth around the world.

Expansion of agritourism is presenting lucrative opportunities for special interest tourism growth. Ranch stays across the U.S. and farm stays in India are popular example for this. Besides this, the rising focus on sustainably travelling will enable growth in the market. With an increasing number of travelers showing keen interest on traveling more responsibly, prospects for special interest tourism growth are expected to soar.

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With COVID-19 pandemic exposing vulnerabilities of the tourism industry, focus on sustainable tours and travels is expected to grow. United Nations World Tourism Organization has integrated Sustainable Tourism Goals encouraging adherence to certain standard while promoting tourism. Such initiatives by international organizations will boost special interest tourism market in the coming years.

Some of the key takeaways from FMI’s study on special interest tourism market are:

The expansion of tourism industry in France and U.K. will catapult Europe to fore of special interest tourism marketActivities will remain key purpose motivating travelers to opt for special interest tourismEnvironmental activities will remain highly sought-after, while demand for adventure tourism is forecast to rise steadilyOnline booking will rise even as conventional methods such as in-person booking remain popular

“Governments around the world are adopting various strategies to revive tourism industry as economies return to normalcy following COVID-19 outbreak. Keen focus on special interest tourism is noted, as governments engage in promoting special activities across tourism destinations,” revealed a lead analyst at FMI.

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Surging Demand for Personalizing Tour Packages

According to Think with Google, nearly 57% of travelers are in favor of personalizing their buying experiences based on their personal preferences, behavior, and past choices.

The rising demand for personalization has become a crucial driver of the special interest tourism growth. By offering flexible packages and tailoring them as per traveler’s preferences, travel and tour companies stand a better chance of satisfying them. The rising demand for personalizing travel packages and experiences will aid in the expansion of the market in the coming years.

Driven by changing consumer preferences, prominent trip advisors and planners such as Travel Triangle and others are offering facilities for personalizing travel experiences. This is expected to bode well for the global market.

Who is winning?

The report identifies some of the leading companies operating in the market. To gain edge amid surging competition, market players are focusing on designing unique packages. For instance, Martin Randall Travel Ltd. offers competitively-priced trips across U.K. and Europe. Meanwhile, Audley Travel Group Ltd., supports several social and environmental charities and projects across the world. In January 2020, it was also granted the Travelife Partner aware as a recognition of its efforts towards improving corporate social responsibility and sustainability.

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Some of the other leading players in the market are Wild frontier, Carlson Holdings, Inc., Cox & Kings Ltd., Flight centre Travel Group, National Geographic Partners, LLC., EF Educational Tours, and Booking Holdings, Inc., among others.

Global Special Interest Tourism Market by Categor

By Purpose:

Activity
Educational
Discovery
Hobbies
Challenge
Relaxation
Health & Therapy
Day Tours

By Activity:

Environmental
- Ecotourism
- Nature-Based Tourism
- Wildlife Tourism
- Others
Adventure
- Backpacking
- Mountaineering
- Whitewater Rafting
- Cycling
- Others
Sport
- Golf
- Tennis
- Sailing
- Soccer
- Cycling
- Kayaking
- Scuba Diving
- Others

By Tourist Type:

Domestic
International

By Traveler Type:

Individual
Couple
Group
Professional

By Age Group:

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

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Agritourism Market to Achieve A High CAGR of ~11.3% During Forecast Period -2029

The global agritourism market is projected to rise at a CAGR of ~11.3% between 2019 and 2029 and to reach US$ 622.1 Bn in 2029. Estimated to register new growth opportunities during the forecast period. The market is projected to rise at a

On-farm tourism also is one mechanism which enables non-farmers to learn about agriculture and, in turn, support farm products through purchases made directly or indirectly from family farms. For example, in California, agricultural and on-farm nature tourism has increased in popularity among suppliers (farmers & ranchers) and end users (tourists & consumers of agricultural products and services).

A significant percentage of the general population across the globe may have little or no contact with agriculture. Thus, agritourism plays a key role in making such a demographic aware of the agricultural methods and crop cultivation at farms.

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Key Takeaways from the Agritourism Market Study

According to the report, Key market players are likely to focus on the product service innovation and penetration in untapped market in Latin America, and MEA. Companies in agritourism market are focused on advertising their tour packages through social media networks and through marketing campaigns.
Millennials are expected to further drive growth of the global agritourism market during the forecast period due to their active participation in the agritourism activities for recreation purpose and participation in off the farm buying activities.
Individual travellers are expected to increase during the forecast period due to increasing number of farm study tour and increasing awareness pertaining to the agritourism in the developing countries.

“Companies are recommended to focus on adoption of innovative & attractive services pertaining to various agritourism farm activities for increasing sales of agritourism market. The low awareness among consumers about agritourism when compared with other tourism in some of the developing countries such as India, Thailand, Mexico, and others is major barrier to the market growth. Consequently, effective advertising is essential for the rapid growth of Agritourism market.” says an FMI analyst.

Farm Stays Gaining Popularity

The trend of farms and ranches stay is gaining traction globally at a significant rate, especially in North America. Moreover, promotional activities and campaigns undertaken by various agritourism companies are attracting customers towards farm stay vacations. This is supported by the increasing stress and pollution in the daily life of the urban population, which improves their inclination to spend long-time vacations at farms. This trend is expected to be a major factor fueling the growth of the agritourism market during the forecast period.

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Who is winning?

Some of the key players operating in the agritourism market are as Missao, Field Farm Tours, Bay Farm Tours, AGRILYS Voyages, Agriturismo France, Bay Farm Tours, AL VERNETO, A.C.T. Tours, Kansas Agritourism, Farm To Farm Tours, Trump Tours, Star Destinations, Select Holidays, Quadrant Australia, Domiruth PeruTravel, Expedia Group and others.

Several leading market players are engaged in acquisition, partnership with other companies to increase their product offering across the world. Moreover, companies are engaged in service innovation, launches and advertisement on social networks to promote their products.

In the 2019, Field Farm Tours organized Red Poll World Conference, World Charolais Congress, the 14th World Guernsey Conference, Devon World Conference, and IFMA Pre & Post Tours and others. This helps the company to significantly increase its revenue.
In the year 2015, Expedia acquired ‘HomeAway’ for approximately US$ 3.9 Bn. This acquisition helped the company to significantly expandits business by increasing its service offerings through various new websites.

Get Valuable Insights into Agritourism Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global agritourism market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the agritourism market based on activity (overnight stays, special events and festivals, off the farm, and recreation activities and events), tour type (independent traveller), consumer demography (men, women, and children), age group (15-25 years, 26-35 years, 36-45 years, 46-55 years, and 56 years and above), booking channel (online booking and offline booking) across six major regions.

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Motorcycle Boot Market – This is How Leading Companies Are Dominating the Global Market

The global motorcycle boot market is estimated to grow at a 3.8% CAGR to USD 859.7 million by 2032, from USD 590 million in 2022.

The footwear industry is now seeing a new trend brought on by motorcycle boots. The main players aim to balance style and security. The global motorcycle boots market is expanding as a result of rising disposable income, government initiatives, numerous racing competitions, motorcycle rallies, and celebrity endorsements.

The global market for motorcycle boots is expanding significantly as a result of the increasing popularity of motorcycle racing competitions across the globe. Due to their ability to absorb shock, motorcycle boots have become a necessity in every biker’s arsenal, greatly increasing their demand.

Significance of Road Safety

Consumers’ growing awareness of the importance of road safety has fueled global demand for motorcycle boots. Motorcycle boots, in addition to protecting riders’ feet and ankles, aid in motorcyclists’ balance while riding.

Riders are increasingly wearing motorcycle boots to avoid accidents, which is having a significant impact on the global motorcycle boot market.

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Barrier to the Market

The rigidity of the material used to make these boots causes feet to sweat and does not provide the necessary flexibility to riders. This, in turn, limits the use of these boots and, as a result, has a negative impact on the market’s growth. Nonetheless, companies are conducting research to find a suitable solution, and experts believe they will do so soon.

REGIONAL OUTLOOK:

Two regional markets for motorcycle boots stand out above the rest.

The first is Europe, which has a significant market share due to government regulations and the growing focus of key market participants in this region on product innovation to increase their customer base.

The second and most promising region is North America. North America has remained at the top due to its large pool of motorcycle riders and the popularity of bike racing events. Even in the near future, the scenario does not appear to change significantly. The American Motorcyclist Association hosts a number of motorcycle events that are extremely popular among Americans, particularly young adults.

Key Takeaways

Due to the ease of shopping and convenience provided by online stores, the online distribution channel is expected to grow at the fastest CAGR of 7.2%.
Sport and race boots were the largest product segment, accounting for more than 60% of the market, and are expected to maintain their dominance.
Europe has the largest global motorcycle boot market, accounting for 21.9% of the total.
North America is the second largest global motorcycle boot market, accounting for 12.3% of the global market.

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Key Segments

By Product Types:

Racing Boot
Street Boot
Motocross Boot
Harness Boot
Others

By Raw Material:

Leather
Metal
Composite material
Other

By Distribution Channel:

Online
Offline

By Gender:

Men
Women

COMPETITIVE LANDSCAPE:

The global motorcycle boot market is relatively fragmented and competitive. Alpinestars S.p.A, LeMans Corporation, Dainese S.p.A, FOX, FLY Racing, GAERNE USA, TCX S.r.l., FLY Racing, Dr. Scholl’s Shoes, and Kenneth Cole New York are among the key players in this market.

To stay competitive, players in the global motorcycle boot market continue to launch new products.

Icon 1000 recently debuted Varial Boot, a new line of motorcycle boots. Given their style and protection, these boots are considered a good buy in the mid-price range. Another new product on the market is Aether’s Moto Boot, which is said to be safer but a little pricey.

Alpinestars S.p.A. launched the Tech 10 series of riding gear, including riding boots, in July 2018. These riding shoes feature the most recent Front Flexion Control Frame technology, a resigned foot shell, and a slimmer outsole.

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Dog Collars, Leashes & Harnesses Market is Reaching US$ 5.432 Bn at a Gracious Rate of 7.6 % by the year 2032

The dog collars, leashes & harnesses is expected to reach a valuation of US$ 5.432 Bn in 2022. Projected to grow at a robust CAGR of 7.6% between 2022 and 2032, totaling around US$ 11.301 Bn by the end of 2032 .Rising dog ownership is expected to provide a major fillip to adoption of various accessories, including collars, leashes and harnesses.

This has led to a vibrant global dog collars, leashes & harnesses market that has seen considerable growth in the past decade; however, the Covid-19 crisis is likely to have a major impact on the market in the near future.

Dog collars, leashes & harnesses may be made up of a variety of materials including nylon, chain, leather, neoprene, faux leather, cotton, biothane, hemp or rubber. Their aim is to help in identification, walking and training of dogs by ensuring comfort for dogs and their owners without compromising on an owner’s ability to control them.

Dog collars, leashes & harnesses may be segmented as per individual types of collars such as choke chains, pinch collars, flat and rolled collars, martingale collars and electronic collars; harnesses such as body harnesses and head halters; and leashes such as standard leashes, chain leashes, retractable leashes, hand-free leashes, split leashes, adjustable leashes and martingale leashes.

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Dog Collars, Leashes & Harnesses Market

A rapid growth in numbers of dogs being adopted in the last decade has been a leading driver of the dog collars, leashes & harnesses market. Increase in disposable incomes of dog owners has also proved favourable to the market. Furthermore, increasing consumer awareness about types and utilities of collars, harnesses and leashes is also driving the market.

These products find utility in terms of enhancing safety of dogs in public places and while imparting basic training to young dogs. The dog collars, leashes & harnesses market is also witnessing a positive impact due to increasing governmental legislations across the globe regarding conduct of dogs in public places. Such legislations are aimed at ensuring public safety and welfare of pet animals.

Trends in the Dog Collars, Leashes & Harnesses Market

Dog owners are increasingly looking for collars and harnesses that are trendy and stylish; the aspects such as designs, colours, materials and patterns of collars and harnesses have thus found increasing traction among manufacturers. Simultaneously, incorporation of technology has also been increasing the utility of collars and harnesses.

Notable recent technological innovations in collars include light-reflecting collars, light-up collars, GPS tracking enabled collars and audio system enabled collars. Such innovations are observed in dog harnesses as well though the primary focus of harnesses is centred around safety, comfort and functionality by reducing stress on a dog’s anterior muscles while walking, running or exercising.

The trend of increasing product utility is observed in leashes as well and multi-purpose, retractable leashes have seen a growth in sales.

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Consumers have also increasingly been purchasing collars, leashes and harnesses through online platforms. However, growing dog ownership figures has also meant that sales through pet stores have not shown a decrease. Thus, the dog collars, leashes & harnesses market has seen a diversification in vendor options.

Impact of Covid-19

The economic crisis being caused due to the Covid-19 pandemic is likely to result in a decrease in the disposable incomes of current and prospective dog owners. This may have a negative impact on the dog collars, leashes & harnesses market on two fronts.

Prospective dog owners may be deterred from adopting dogs due to the expenses incurred and dog adoption numbers may no longer see the rapid growth like it did in the last decade.

Additionally, dog owners may also seek to reduce their spending on collars, leashes & harnesses; they may hence prefer to determine their purchases based on cost rather than style or utility.

Region-Wise Analysis

North America has been the largest regional segment for dog collars, leashes & harnesses, while Asia-Pacific has been the fastest growing regional segment. Europe is the other large regional segment for the market. The rest of the world meanwhile enjoys a significantly smaller market share, mainly led by Australia and Latin America.

Competition Landscape

The dog collars, leashes & harnesses market is a highly fragmented market on account of the presence of numerous small plays that operate locally. This market may see further fragmentation if consumers show a preference for cost-sensitivity rather than technological advances.

Some of the prominent players in the dog collars, leashes & harnesses market include Costal Pet Products, Hunter, Mendota Pet, PetsUp, Ruff Wear, Pets Empire, Bingin Dog, Co-Leash, Choostix and Smarty Pet.

Dog Collars, Leashes & Harnesses Market (this is an indicative list – full list of key players available upon request)

Hyper Pet
Co-Leash
Mendota Pet
Costal Pet Products Inc.
Ruff Wear Inc.
Bingin Dog
Pets Empire
Smarty Pet
PetsUp
Choostix.
HUNTER
Ruffwear
Coastal Pet Products
LINK AKC
Wagz Inc

Regions and Countries Analyzed in the Report

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Dog Collars, Leashes & Harnesses Market: Segmentation

By Dog Collars

Flat and Rolled Collars
Choke Chains
Martingale Collars
Pinch Collars
Head Halters
Electronic Collars

By Dog Leash

Standard Leash
Retractable Leash
Adjustable Leash
Chain Leash
Split Leash
Others

By Dog Harness

Back-Clip Harnesses
Front-Clip Harnesses
Dual-Clip Harnesses
Others

By Material Type

Nylon
Leather
Neoprene
Others

By Distribution Channel

Hypermarkets/ Supermarkets
Pet Stores
Online Retail
Others

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Decompression Toys Market Comprehensive Research Study and Strong Growth in Future 2032

The global decompression toys market demand is projected to be valued at US$ 2.6 Bn in 2022, forecast to grow at a CAGR of 5.2% to be valued at US$ 4.316 Bn from 2022 to 2032.

According to the latest research by Future Market Insights, the decompression toys market is set to witness steady growth at a CAGR of 5.2% during the forecast period. The growth in competition and hectic lifestyle has led to distorted work-life balance of several people. In response to this, spinner and puzzle are expected to be a crucial part of stress management and for living a healthy lifestyle in the coming future.

The decompression toys market is expected to witness impressive growth as the sales of stress-controlling toys increasing over the past few years. From 2016-2021 a CAGR of 4.8% was registered for the biscuit mixes market.

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What is Driving Demand for Decompression Toys?

The rising interest of the adult generation and their attraction towards puzzles, spinners, and stress relieving toys are driving the demand growth. Key players are focusing on the present trend and adapting to new and innovative methods in the designing of anxiety relief toys.

For instance, adopting the new trends in the stress relief toys market, the development of 4D puzzles has provided key players with potential opportunities. The chronological aspects of the 4D puzzle let users feel relaxed, leading to the production of dopamine user’s brain and resulting in critical thinking and problem-solving skills develop in users.

Numerous such aspects have attracted a high consumer base and are expected to witness demand growth soon.

Factors that Likely to Augment Decompression Toys Sales

The growing focus of kids on smartphones and tablets are a big concern for parents. Due to their extreme use of electronic gadgets, they are in stress every single day. So parents and guardian buy toys like puzzle, stress balls, fidget spinners for their child that help them to manage post-traumatic stress disorder (PTSD), anxiety and other distress. These is a one factor of increasing sales of stress controlling toys in the market.

For instance, Fasacu launched fidget toy that can be used by everyone. The benefits offered by fidget toy such as improvement in imagination, increased learning ability, improved creativity has caught attention of high number of consumers leading to augmented demand for such toys.

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US and Canada Decompression Toys Market Outlook

In the US, the demand for pre-school toys is higher owing to increased sales of mathematics, science, art, technology-based gadgets. On the other hand, some people of Canada prefers toys related to puzzles, doodle theory, educational theory etc. due to the beliefs such as these toys will help them gain more knowledge and intelligence, in turn, leading to augmented demand.

Increasing birth index, along with rising income is supposed to be given a good market opportunity for stress relief toys during the forecast period. The growing popularity of stress relief toys like serenity stress ball, bubble toys, triennium fidget cube among the youth and elder people opens the door for market of stress relief toys and puzzles in the world.

Furthermore, with social media platform, people can showcase their talent and encourage other people to follow communities. All these factors fueling the demand growth in the region.

Europe Demand Outlook for Decompression Toys

Many countries in the EU have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. However, the toys market is not much affected by the outbreak, because stress relief toys bring joy, comfort, and support to deal with the challenges caused by the ongoing pandemic.

Despite the COVID-19 challenges, the market of spaghetti ball, play foam, squishy stress relief balls and others toys remains resistant and buoyant as the good spike in the overall sales during the lockdown period.

Again with the trend of work from home or study from home, and closing of tourism and leisure venues, people of Europe have planned to stimulate children as well as adults, relieve pressure by using stretchy mice and cheese, lavender luvvies scented stress balls and different toys and bring joy, happiness to the house. And this plan brings good sales of stress relief toys in the European countries.

Furthermore, the introduction of scented toys by players in the region has attracted more customers. The introduction of such modifications and upgrades in toys is likely to experience a demand growth soon. Moreover, differentiating targeting on kids and elderly people has been a strategic move by these players further leading to augmented sales projections.

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Who are the Key Manufacturers and Suppliers of Decompression Toys?

Some of the leading manufacturers and suppliers include

CHANG QING SHU TOYS
Antsy Labs
Tangle Creations.
Lego
MOKURU
Bandai America Incorporated
ZURU
Yiwu Flybear Toy Company Limited
Crazy Aaron Enterprises, Inc
Tangle Creations

Some of the key players are working on research and development to design a toys as per the preference as well as comfort of the customers. Key players are planning to expand their business or sales by setting us of production plant or broadening their toys offering in the global market. Growing competition in the numerous regions is expected to augment the demand during the forecast period.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Key Segments of Decompression Toys Market

By Product Type:

Decompression Cube
Decompression Gyro
Decompression Magnetic Fluid

By Material Types:

Plastic
Rubber
Fabric
Metal
Wood

By Brand:

Generic
Shivsoft
Juliana
Premsons
Trinkets

By Price:

Under US$25
US$25-US$50
US$50-US$100
US$100-US$200
US$200 & above

By Region:

North America
- US & Canada
Latin America
- Brazil, Mexico, Others
Western Europe
- EU5
- Nordics
- Benelux
Eastern Europe
Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan
Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa

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Menstrual Cup Foam Wash Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2032

The global menstrual cup foam wash market is anticipated to reach a valuation of ~US$ 20.0 Mn in 2022. Sales are projected to increase at 9.6% CAGR from 2022-2032 and the market size is likely to reach US$ 50.0 Mn by 2032.

The market for women’s intimate care products has increased dramatically over the last few years due to the emergence of a large number of products. Companies are constantly upgrading their existing products and using organic and healthier ingredients to make them.

Additionally, more brands have started to focus on designing naturally clean and eco-friendly products. In order to be more influential in the market, these companies are pursuing licenses from international organizations such as the United States Department of Agriculture, the International Federation of Organic Agriculture Movements, Soil Association, and Biodynamic Association among others.

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Increasing number of new feminine hygiene product launches such as menstrual cup foams and foam washes in the U.S. has created enormous growth opportunities for companies. According to data published by the U.S. Bureau of Labor Statistics, 57.4% of all women participated in the labor force in 2019 in the country.

Due to the above-mentioned factor, demand for hygiene products among wo men seeking work or studying has gone up. More people are nowadays moving to cities, which has led to the increased awareness of hygiene products among the populace. Moreover, hygiene product companies are committed to creating new choices for women to increase their portfolios. They are also focusing on providing natural and organic substances which can remove all dirt and germs.

Key Takeaways:

Based on capacity, the 50 ml segment is expected to grow at a CAGR of 6.9% in the forecast period.
In terms of sales channel, the online retailers segment held 23.5% of the global market share in 2021.
Canada is predicted to emerge as a profitable market and push North America to grow at 7.9% CAGR by 2022-2032.
Leading players in the global menstrual cup foam wash market are estimated to account for approximately 10%-15% of the total market share.
The India market for menstrual cup foam wash is anticipated to account for more than 60% of the South Asia market share in 2022.

“Sales representatives at key companies are interacting closely with physicians to educate women about the importance of hygiene products based on prescriptions. As a result, prescription-based hygiene products like menstrual cup foam wash are exhibiting a boom in terms of popularity among customers,” says a FMI analyst.

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Competitive Landscape: Menstrual Cup Foam Wash Market

Leading manufacturers of menstrual cup foam wash are focusing on smart promotional strategies, advertisements, and new product launches to improve sales in the market. Some of the leading players present in the global market are Redcliffe Hygiene Private Limited, The Flex Company, BeYou, AllMatters, Nixit, Saalt, Pixie Cup, and WOW Skin Science among others.

Menstrual Cup Foam Wash Market Outlook by Category

By Capacity:

50ml
80ml
100ml
200ml

By Sales Channel:

Modern Trade
Convenience Stores
Departmental Stores
Specialty Stores
Mono Brand Stores
Online Retailers
Drug Stores
Other Sales Channel

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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North America Market For Industrial Hearable Is Anticipated To Record A Highest Value Share Of 41.5% | Says FMI

The North America market for industrial hearable is anticipated to record a highest value share of 41.5% in the overall global market. The country of U.S. is projected to account for approximately 85.6% of the North America Industrial Hearables Market in 2022. There has been an increasing expansion of supermarkets and hypermarkets in this region coupled with e-commerce rise.

These retail chains will be the prime distribution channels for these products. The increasing disposable income of consumers is also one of the primary aspects driving the sales of industrial hearables in this region.

An area of application which has enormous applications in the field of hearable devices is the area of augmented hearing. With the aid of this technology, there would be an improvement of the hearing faculty to above normal levels. However, this technology is still in its evolution stage.

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There is another exciting area of application of hearable devices is in the form of layered listening technology, which allows the users to filter out or enhance specific sounds. Besides such ground breaking technologies, the hearable devices also offer features such as monitoring of the vital body signs such as the heart rate, body temperature, ECG, blood pressure and pulse monitoring.

Besides, hearables can also be used as personal identification devices in which sound waves are used as a means of identification of an individual. Also, hearable devices are also used to enhance the quality of the sound which the wearer receives and function as hearing aids.

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4 Forecast Highlights on Global Industrial Hearables Market

As per the forecast of Future Market Insights, the personal sound amplifiers (PSAPs) product type segment is slated to touch a value of nearly US$ 300 Mn in the year 2026. This represents a robust CAGR growth during the assessment period of 2022-2026. The personal sound amplifiers (PSAPs) product type segment was estimated to account for more than one fourth of the revenue share of the product type category by the year 2017 and is expected to gain in market share by the year 2026 end.
As per the assessment of Future Market Insights, the wireless segment will reach a valuation of nearly US$ 386 Mn in the year 2026. This represents a robust CAGR growth during the period of assessment. The wireless segment was estimated to account for more than one-third of the revenue share of the technology category in the year 2017 and is expected to gain market share by the end of the year 2026.
As per the estimates of Future Market Insights, the hypermarket/supermarket segment is slated to reach a valuation of nearly US$ 51 Mn in 2026. The hypermarket/supermarket segment is expected to lose market share by the end of the year 2026. The largest share is contributed by the North America region in the hypermarket/supermarket segment.
FMI forecasts the US industrial hearables market to grow from US$ 180.6 Mn in 2017 to US$ 345.7 Mn in 2026. This represents a compound annual growth rate (CAGR) of 7.5% from 2017 to 2026.

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Competition Landscape

The report has also profiled leading players in the global industrial hearables market, which will remain active through 2026. These include companies such as Medtechnica Orthophone, Sivantos Pte. Ltd., Widex A/S, Miracle Hearing Aid Clinic, GN Store Nord A/S, Sonova Holding AG, Siemens Healthcare, GN ReSound, Cochlear, Persona, , Starkey Hearing Aids, William Demant Holding A/S, MED-EL, Shenzhen Sunsky Technology Union Hearing Aid Centre, Beltone and Eartone.

Industrial Hearables Markey by Category

By Product Type:

Headphones or Earbuds
Personal Sound Amplifiers (PSAPs)
Hearing Aids

By Technology:

Wired
Wireless

By Distribution Channel:

Hypermarket/Supermarket
Multi Branded Stores
Exclusive Stores
Online

By Region:

North America
Latin America
Europe
Japan
APEJ
Middle East and Africa

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

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Period Balm Market Size Predictions : US$ ~5,506.3 Mn by 2032 | FMI

The global period Balm market is anticipated to grow from US$ 3,545.5 Mn in 2022 to US$ ~5,506.3 Mn by 2032, expanding at a CAGR of 4.5% throughout the forecast period (2022-2032).

Rising adoption of period balm products by rapidly growing women population to relieve discomfort and pain caused by periods is a key factor driving growth in the global period balm market.

In order to treat the severe period cramps, industry manufacturers are developing items like period balm products. For instance, the major player in the women’s hygiene industry Cora is dedicated to resolving the intimate and menstrual hygiene problems that women face worldwide but which are not fully addressed.

The feminine care sector is being transformed by the women-owned period brands, which offer tailored birth control products, efficient pain alleviation, and leak-proof solutions. The main focus of the players is on giving women more portable products.

Dysmenorrhea, sometimes known as menstrual cramps, is characterised by acute or stabbing pains in the lower abdomen. Many women have menstrual cramps before and throughout their periods. Some ladies may find the discomfort merely unpleasant. Others may suffer from severe menstrual cramps that prevent them from going about their normal lives for a few days each month.

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The “Cora’s Period Cramp Relief Balm” is a wholly made up of natural ingredient that is catering to the needs of a high number of consumers. In the beginning of the monthly cycle, it is one of the safest methods for preventing cramps.

Thus, increasing incidence of menstrual cramps along with introduction of new period balm products with natural ingredients will continue to foster period balm sales across the world during the forecast period.

Key Takeaways from the Period Balm Market Study

By product type, roller stick will continue to dominate the global period balm market during the forecast period.
In terms of mode of prescription, over-the-counter category is likely to hold the largest market share of around 63% during the forecast period.
Based on sales channel, department stores and pharmacy/drug stores will collectively account for 46% of total sales in the global period balm market by the end of 2022.
Due to changing consumer preferences for new and improved products, North America accounts for the largest share of the global period balm market.
The U.S. period balm market is expected to grow at a CAGR of around 4.5% over the assessment period.
The period balm market in India is likely to grow at a CAGR of around 5.5% between 2022 and 2032.

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Who is winning?

Leading period balm manufacturers are focusing on aggressive promotional techniques, commercials, and new product launches to boost period balm sales growth globally.

Major players present in the period balm market are Cora, Still Not A Hippie, JamilahsNaturals, Herbal Chest, Wild Rose, Marnie Naturals, and Redcliffe Hygiene Private Limited, The Natural Clinic, Arganshe, Butter Me Up Organics, THERApotions, Zenmaitri, brume-cosmetic, and Sierra Roots Wellness among others.

Global Period Balm Market By Category

By Product Type: