Agro Rural Tourism Market – Key Players are Adopting Different Growth Strategies to Maintain Their Global Dominance

The agro rural tourism market is estimated at USD 89.86 billion in 2022 and is projected to reach USD 158.56 billion by 2032, at a CAGR of 5.79% from 2022 to 2032.

The increasing effect of global warming has turned travellers close to eco-tourism and sustainability tourism. Also, the post pandemic situations travellers are preferring healthy recreational activities. The agro rural tourism promote and is based on the principles of eco-tourism and sustainability tourism. The agricultural activities contribute to the environment health and benefit ecological balance whereas the products made by rural people are eco-friendly.

The agro rural tourism also brings stability in environment ecological as well as socially. The rural tourism connects villages and international markets at social level which helps to bridge the gap in between them. Agro rural tourism create awareness about rural development and attract various investments to the rural sector. It also helps to show case how primary sector is evolving and contributing to the country.

The agro rural tourism helps to promote and create awareness of agro products in country. It benefits the rural economy, help to boost the agriculture sector and contribute majorly to the gdp of the country.

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Therefore, government take an active interest in promoting the agro tourism market with the help campaigns. Lastly agro tourism also promote a part of ethno tourism as it allows visitors to participate in cultural activities and be a part of their community. Hence it can be concluded the principles of eco-tourism and sustainability tourism helps to boost the agro rural tourism market.

As such, the global agro rural market is estimated to expand at a CAGR of over 5.79% throughout the forecast period of 2022-2032, to be valued at US$ 158.56 Bn by the end of 2032.

Key Takeaways from the Agro Rural Tourism Market Study

  • According to our analysis the international tourist as well as domestic both may generate opportunities for agro rural tourism market. The international tourists are interested in learning new ways of agricultural methods, the cultivation method, and want to explore the farmer and rural community of different where as domestic tourist want to support and want to contribute towards rural and agricultural sector development.
  • The rising trend on-farm tourism is increasing the demand for agro rural tourism. The on-farm tourism activity allows visitors to learn about agriculture methods and techniques which in turn supports the sales of farm products directly from farms.

Impact of COVID-19 on the Market

Although covid-19 pandemic has a negative impact on tourism industry the agro rural tourism faced an impact at early stage due to common reasons such as restrictions, lockdowns, social distancing, etc. In post pandemic stage the agro rural tourism had a fast recovery aiding the entire tourism industry. In post pandemic situation the people become health cautious and started searching for healthy way of tourism.

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Apart from this the people preferring vegan food is encouraging organic farming and which in result high demand for agro products. Also in post covid situations the socio-economic factors are influencing the farm stays and agro rural activities. Hence we can conclude although the covid 19 had a negative impact on tourism industry it helped to generate demand for agro rural tourism market.

Who is winning?

Leading manufacturers of agro rural tourism Market are focused on promotional strategies, upgradations and technological development, and new merger strategies that have driven sales growth of agro rural tourism market globally.

Major players present in the global agro rural tourism market are Agri Tourism Department, GTI Travel, Cyprus Agrotourism, Agri Pro Focus, Capr Agri Tours, Farm To Farm, Meru Agro, Rural Tours, Select Holidays, Greenmount Travel, Heartland Travel and Tours, Stita Group are among others.

Global Agro Rural Tourism Market by Category

By Service Type, Global Agro Rural Tourism Market is segmented as:

  • Direct Market Agritourism
  • Educational Agritourism
  • Recreation Agritourism

By Booking Channel, Global Agro Rural Tourism Market is segmented as:

  • Online Booking
  • In Person Booking
  • Phone Booking

By Tourist Type, Global Agro Rural Tourism Market is segmented as:

  • Domestic
  • International

By Tour Type, Global Agro Rural Tourism Market is segmented as:

  • Individual Traveller
  • Group Trip
  • Family trip
  • Student trip

By Consumer Orientation, Global Agro Rural Tourism Market is segmented as:

  • Men
  • Women
  • Children

By Age Group, Global Agro Rural Tourism Market is segmented as:

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

By Region, Global Agro Rural Tourism Market is segmented as:

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

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

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Dental Flap Surgery Market expected to accumulate a market value of US$ 10.31 Billion by 2032-end | FMI

During the forecast period 2022-2032, the dental flap surgery market is expected to grow at a value of 7.5% CAGR, according to Future Market Insights. By the year 2032, the global market for dental flap surgery is expected to rise up to a market valuation of US$ 10.31 Billion.

A rise in the prevalence of periodontal disease, an increase in awareness about oral hygiene, and growing demand for dental flap surgery for periodontal disease treatment are the key factors that boost the growth of the industry. The demand for triangular flap surgery is expected to witness a rise during the forecast period due to the high adoption rate.

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The growing aging population and increase in dental tourism in developing countries have boosted the growth of the overall industry. An increase in the number of patients suffering from periodontal disease is anticipated to drive the industry’s growth over the years to come. Patient satisfaction wound healing and good visibility in roots are among the key factors responsible for the growth of the industry.

Key Takeaways from the Market Study

  • The triangular flap segment is expected to account 28% market share for dental flap surgery in 2022.
  • Dental clinics are expected to possess 70% market share for dental flap surgery market in 2022.
  • North America is expected to possess 40% market share of dental flap surgery in 2022.
  • Asia Pacific is expected to hold 35% market share for dental flap surgery in 2022.

“The increasing awareness regarding dental health along with technological advancements in dental surgeries is boosting the growth of dental flap surgery market.” states an FMI analyst

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Competitive Landscape

Key players in the dental flap surgery market are Aspen Dental Management, Inc., Apollo White Dental, Coast Dental, Dr. Joy Dental Clinic, Smiles by Dr. Santos, LLC, Axis Dental, Great Expressions Dental Centers, HM Hospital Madrid, Humanitas Hospital and Partha Dental Clinics. Industry participants rely on regional expansion to strengthen their market presence.

  • Medtronic Plc is a medical technology and services company. It is involved in manufacturing, developing, and marketing medical devices and technologies to its consumer base. The company provides its services to hospitals, clinics, distributors, other healthcare providers, and institutions. Its products are marketed across various regions, including the Asia-Pacific.
  • For instance, OCare has launched India’s first dental insurance plan in villages, providing quality dental care services to people across the country. Hence, there is an urgent need for the country to have an oral health policy and dental health planners who are able to understand and formulate effective oral health policies. Nevertheless, these factors mentioned above have contributed significantly to the progress of India’s periodontal market.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global dental surgery flap market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of surgery type (Triangular Flap, Rectangular Flap, Envelope Flap, Submarginal Flap, Others), by End User (Hospitals and Dental Clinics) and regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa)

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Key Segments Profiled in the Dental Flap Surgery Industry Survey

Dental Flap Surgery by Type:

  • Triangular Flap
  • Rectangular Flap
  • Envelope Flap
  • Submarginal Flap
  • Others

Dental Flap Surgery by End User:

  • Hospitals
  • Dental Clinics

Dental Flap Surgery by Region:

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

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Social Media And Destination Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2032

The global social media and destination market is estimated at USD 120.0 billion in 2022 and is projected to reach USD 407.35 billion by 2032, at a CAGR of 13.0% from 2022 to 2032.

In the new age of marketing the social media is making a commendable progress in the growth of social media and destination market. In the modern era people are tech savvy, the upgraded devices and better network connectivity make it easy to access social media on anytime around the globe. This help travellers majorly as it enables traveller to get the information of the place in details.

The accessibility of details of the destination help them to decide and organize the trip to the place. The customer gets an opportunity to study the review of other visitors travel the place and also allow the traveller to share his feedback as a review on social media platform. The agencies channelize the information to promote the destinations on social media. The social media and destination market has helped to boost hospitality industry.

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Radonic+ a Canada based travel and tourism marketing agency help clients to promote their business on social media. They prepare strategy for branding and marketing of travel agencies and hotels. Marriot Hotel is one of client of Radonic+ and they promote the hotel with the help of social media and destination market.

As such, the global social media and destination market is estimated to expand at a CAGR of over 13.0% throughout the forecast period of 2022-2032, to be valued at US$ 407.35 Bn by the end of 2032.

Key Takeaways from the Global Social Media And Destination Market Study

  • In case of service type there can be high demand for both virtual tour and physical tour. The advertisement shown on social media are easy to access and easily navigate the user through the website from information overview to final booking on website. Furthermore, the social media advertisements are attractive and are interactive.
  • In case of application outlook, almost all type travel agencies, hotels, airline agencies, other tour aggregators use social media and destination marketing to promote their services on media platform. Apart from this the social media and destination market agencies help travel business to get a mass audience by creating attractive content on social media and with other social media strategies.

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Impact of COVID-19 on the Market

In the year 2020, the tourism and hospitality market faced an uncertain and dramatic hit of covid-19 wave that traumatize the entire industry. According to our analysis there was a 30% effect on entire social media and destination market. The government preventive measure on pandemic has affected the market. But there was an early recovery in social media and destination market. As social media market is overwhelming it benefited in recovery of the market.

There was a demand for virtual tour on social media platform for destination places. Also the growth in participant in the market boost the overall recovery of tourism industry. Therefore, social media in destination market was an important pillar of tourism industry during pandemic.

Who is winning?

Leading manufacturers of social media and destination market are focused on promotional strategies, upgradations and technological development, and new merger strategies that have driven sales growth of social media and destination market globally.

Major players present in the social media and destination market are Accord, MMGY Global, DCI Marketing, Screen Pilot, Net Affinity, Sojern, Cendyn, Digital Coconut, Guestcentric, Avvio, Olive Group, Ten 26 Media, Sagittarius, Radonic Rogers Strategy+ are among others.

Global Social Media and Destination Market by Category

By Service Type, Global Social Media and Destination Market is segmented as:

  • Virtual Tour
  • Physical Tour

By Types of Marketing, Global Social Media and Destination Market is segmented as:

  • Media Sharing
  • Micro Blogging
  • Social Review Sites
  • Advertisement Marketing

By Marketing Tools, Global Social Media and Destination Market is segmented as:

  • Biteable
  • Buffer
  • Buzzsumo
  • Meetedgar
  • Hootsuite

By Application Outlook, Global Social Media and Destination Market is segmented as:

  • Hotel
  • Airlines
  • Cruise
  • Travel Agencies
  • Others (Museums and Other Destinations)

By Tourist Type, Global Social Media and Destination Market is segmented as:

  • Domestic
  • International

By Social Media Platforms, Global Social Media and Destination Market is segmented as:

  • Google
  • Facebook
  • Twitter
  • Snapchat
  • Youtube
  • Instagram
  • Whatsapp

By Region, Global Social Media and Destination Market is segmented as:

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

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

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Inhalation And Nasal Spray Generic Drugs Market to expand at a CAGR of 8.96% during 2023-2033 | FMI

The global inhalation and nasal spray generic drugs market is projected to have a moderate-paced CAGR of 8.96% during the forecast period. The current valuation of the inhalation and nasal spray generic drugs market is US$ 20.78 Bn in 2023. The value of the inhalation and nasal spray generic drugs market is anticipated to reach a high of US$ 49.01 by the year 2033.

The primary factor that is driving the sales of inhalation and nasal spray generic drugs is the increasing prevalence of chronic respiratory disorders across the world. According to the Global Asthma Report, there are around 330 million people around the world who suffer from asthma, and it is anticipated that this number is expected to rise to more than 400 million instances by the year 2025. The primary factors contributing to an increase in the number of people diagnosed with asthma around the world include increased air pollution, smoking, and tobacco usage.

The inhalation and nasal spray generic drugs market are likely to be driven by factors such as the growing population of elderly people and the increased vulnerability of elderly people to persistent respiratory disorders. According to projections made by the WHO, by the year 2030, one in every six persons throughout the globe is anticipated to be 60 years old or older.

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In addition to this, it is anticipated that the global population of such people is expected to reach 2.1 billion by the year 2050. In addition, the Asthma and Allergy Foundation of America estimates that around 7.8% of the population in the United States were 65 or older and had asthma in the year 2020.

However, the demand for inhalation and nasal spray generic drugs is anticipated to be hampered by regulatory impediments brought on by strict rules for the selling of generic medications in countries such as Mexico and Russia.

For example, the regulatory authority of Mexico, COFEPRIS, has announced new rules for the issuance of registrations of generic pharmaceuticals. These new standards are likely to not include patents of new therapeutic uses in its linkage system. In addition, COFEPRIS provides a unique procedure window for the approval of generic pharmaceutical products in Mexico.

Key Takeaways

  • During the time covered by the projections, the Asia-Pacific region is anticipated to achieve a lucrative CAGR of 11.23%. The formation of strategic alliances in the region to facilitate the production of generic goods is largely responsible for the expansion of the region.
  • In 2021, North America maintained its position as the market leader, with a revenue share that was greater than 35.0%. The primary elements that are contributing to the expansion of this region are, in addition to the growing incidence of chronic respiratory disorders, the introduction of new products, the completion of acquisitions, and the formation of partnerships.
  • Due to rising costs associated with healthcare and robust demand for generic medications, retail pharmacies held the greatest revenue share in 2021, accounting for more than 55.0% of total revenue.
  • As a result of advantageous reimbursement rules and an increasingly older population, the homecare sector accounted for more than 50.0% of the total income generated in 2021.
  • In 2021, the adult patient segment was responsible for more than 40.0% of the revenue that was generated. The primary element that is contributing to the expansion of the segment is an increase in the number of adult patients who suffer from asthma and COPD.
  • Due to the widespread use of bronchodilators for the treatment of respiratory illnesses such as asthma and COPD around the world, the bronchodilators market category accounted for the greatest revenue share in 2021, which was over 25.0%.

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Competitive Landscape

Growth initiatives, such as product innovation, regulatory approval of new products, and mergers and acquisitions, are a primary emphasis of the inhalation and nasal spray generic drugs market leaders. For instance, Cipla Inc. submitted an ANDA for a generic version of Advair Diskus, fluticasone propionate, and salmeterol inhalation powder in May 2020. Phase three trials of the product were successfully completed by the company in April 2020. The following companies are leaders in the global market for generic inhalers and nasal sprays:

  • Mylan N.V.
  • Akorn, Operating Company LLC
  • Cipla Inc.
  • Sandoz International GmBH (Novartis AG)
  • Apotex Inc.
  • Hikma Pharmaceuticals PLC
  • Sun Pharmaceuticals Industries Ltd.
  • Beximco Pharmaceuticals Ltd

Key Segments in the Inhalation and Nasal Spray Generic Drugs Market

Drug Class:

  • Bronchodilators
  • Combination Drugs
  • Corticosteroids
  • Decongestant Sprays
  • Antihistamines
  • Others

Indication:

  • Asthma
  • Chronic Obstructive Pulmonary Disease (COPD)
  • Allergic Rhinitis
  • Others

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Patient Demographics:

  • Geriatric Patient
  • Adult Patient
  • Paediatric Patient

End-user:

  • Hospitals
  • Homecare
  • Others

Distribution Channel:

  • Hospitals Pharmacy
  • Retail Pharmacy
  • Online Pharmacies

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

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Europe Destination Wedding Market – Business Opportunities and Global Forecast to 2032

The demand in Europe destination wedding market is expected to rise at 10.4% CAGR during the forecast period (2022-2032). Sales in the market are projected to reach a valuation of US$ 29,672 Mn by 2032. With rising preference for international and customized wedding, growth in the market is poised to expand by 2x over the upcoming decade.

Key factor propelling the growth in the market is rising preference among couples plan the destination wedding to get an opportunity to spend with their dearest ones along with their wedding. The concept allows them to have good time together before and after the ceremony.

The destination wedding organizers take care of all the bookings right from ticket booking to organizing an event along with various other aspects such as food, accommodation, clothing and others. In addition, the destination wedding planners focus on consumer behavior and preference and assist at every step throughout the wedding. The planners try to provide the hazel free experience throughout the journey. Therefore, couples opt for destination wedding.

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Key Takeaways from the Europe Destination Wedding Market Study

  • In terms of guest capacity, 100 & above guest capacity in the Europe destination wedding market holds a share of 66% in the overall market.
  • Based on inclusion & activity, the food service holds a significant share of 39% of the overall Europe destination wedding market.
  • By famous destinations, Italy is the most preferable destination with 17% of the market share, followed by Santorini.
  • Based on booking channel, in person booking segment is expected to witness fastest growth over the upcoming decade

“Europe destination wedding planners are formulating strategies for the expansion of their event line to cater to all types of wedding events. Key players are focusing on innovation in wedding plans to make them more special, customizable, budget-friendly, and enhance the experience of couples.” Says an FMI analyst.

Who is winning?

Leading manufacturers of Europe destination wedding are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of Europe destination wedding market globally.

Major players present in the Europe destination wedding market are White Eden Weddings, FiestaSol, Tropical Wedding & Honeymoon, Magical Weddings, Sparkles & Bubbles, All Things Beautiful, Planned for Perfection, Peach Perfect Weddings, The Wedding Travel Company, LM Wedding Planner, Jennifer Fox Weddings, W Day, The Destination Wedding, Wedding Planner Roma & Studio Brzak Events, among others.

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Europe Destination Wedding Market by Category

By Guest Capacity:

  • Below 100 Guests
  • 100 & Above

By Season:

  • High Season
  • Mid-Season
  • Low Season
  • Mid-Peak Season

By Inclusion and Activity:

  • Accommodation Services
  • Food Service
  • Butler Services
  • Other Services

By Types of Functions:

  • Pre-Wedding Ceremonies
  • Wedding Ceremonies
  • Reception
  • Bachelor’s Party
  • Other Types of Functions

By Nationality:

  • Domestic
  • International

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Destination:

  • Italy
  • Porto
  • Paris
  • Amalfi Coast
  • Edinburgh
  • Santorini
  • Mallorca
  • Venice
  • Corfu
  • Dubrovnik

By Country:

  • Germany
  • France
  • United Kingdom
  • Austria
  • Switzerland
  • Poland
  • Rest of Europe

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

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Nepal Eco Trekking Market is Expected to Increase at a 3.6% CAGR in 2032 | FMI

The Nepal eco trekking market is poised to reach a valuation of US$ 835 million in 2022. Demand is projected to increase at a 3.6% CAGR during the forecast period.

It is done so with the guidance of experienced, skilled, and trained individuals. Employees of Nepali tour operators are encouraged to take an interest in maintaining the delicate balance of nature. The tourism sector, one of Nepal’s key businesses, has contributed 8% of the country’s GDP.

There was a significant employment bubble in the travel and tourism industry as a result of more trekking expeditions leading to more travel firms, expanding the demand for the Nepal eco trekking market.

The forest’s biodiversity, peaceful lakes, raging rivers, rare birds and animals, and other features draw numerous hikers from other countries, expanding the demand for Nepal eco trekking. Eco trekking is a pressing topic and one of the tourism industry’s fastest-growing subsectors.

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Moreover, particularly in poor nations like Nepal, ecotourism is being used as tools to promote sustainable development. Ecotourism places a strong emphasis on using techniques that are favorable to the environment when hiking.

Up to one million job possibilities have been supported and contributed to by the tourism sector in Nepal, with the well-known Annapurna Circuit hiking route being one of the most lucrative regions. More than 1.35 million jobs are anticipated to be created by the Nepal eco hiking business by 2032.

Key Take away from the industry

  • Nepal eco trekking market is expected to have a value of US$ 1200 million by 2032, with a CAGR of 3.6%.
  • Of all the trip kinds available in Nepal’s ecotourism industry, package visitors are believed to represent the relative highest value share.
  • Internet reservations are thought to make up a sizable portion of the market for sustainable trekking in the Nepali tourism industry. Travelers prefer online booking, since it is convenient and offers more specials and discounts.
  • The estimate indicates that middle-aged people between the ages of 26 and 35 continue to trek the most.
  • The foreign tourist sector is likely to continue to do well during the anticipated time period in the tourist type category.
  • The Nepal administration is actively implementing a new strategy and plan to make the country sustainable, and has a strong commitment to sustainable tourism.

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“Nepal is abundant in natural wonders, treasures, and aesthetic appeal. Trekking in Nepal consequently has a bright future if it is planned well.” Says an FMI Analyst.

How do key players contribute to the Nepal Eco Trekking Market Share?

To promote a positive image to the market, taking into account that contemporary visitors place a bigger priority than ever before on eco-friendly and sustainable activities.

Leading companies in the sustainable tourism sector in Italy include Nepal Eco Adventure Pvt.Ltd, Eco Holidays Nepal, Himal Eco Treks Pvt. Ltd. Mountain Eco Trek &ExpeditionPvt. Ltd., Adventure Nepal Eco Treks Alpine Eco Trek & Ex Excellent Himalaya, Trek and Expedition Pvt. Ltd, Adventure Challenge Center, Access Nepal Tour & Trekking, Adventure Connexion Pvt. Ltd, Nepal Gateway Trekking Pvt. Ltd., Nepal Holiday Treks and Tours Pvt. Ltd, Yeti Trail Adventure, etc. are among others.

Recent Developments

  • In order to enhance tourism in Nepal, prominent firms such as Nepal Eco Adventure Pvt. Ltd. are totally devoted to providing the highest caliber of services to its customers.
  • Eco Holidays Nepal provides a full range of adventure sports, such as hot air ballooning, rafting, bungee jumping, jungle safaris, and paragliding.

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Nepal Eco Trekking Market by Category

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In-Person Booking

By Tourism Type:

  • Domestic
  • International

By Tourist Type:

  • Independent Traveller
  • Tour Group
  • Package Traveller

Consumer Orientation:

  • Men
  • Women

By Age Group:

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

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Marine Bearings Market Industry Overview Research Report

The global marine bearings market is expected to be worth US$ 8543.0 million by 2032, up from US$ 5622.0 million in 2022, with a CAGR of 4.3 % over the forecast period.

The marine bearings are critical in any marine vessel, whether it is a luxury cruise ship or any other ship used for transportation or a warship to protect the nation’s water borders. This factor is likely to have an impact on the growth of the marine bearings market between 2022 and 2032.

Marine bearings are primarily used to support the engine in the transmission of power and load. As a result, the market size for marine bearings is expected to grow.

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Marine Bearings is of critical importance in any marine vessel whether it is a cruise ship with full of luxury and comfort or any other ship which is used for transportation or a warship to protect the water boundaries of a nation. Its prime application is to provide support to the engine in transmission of power and load.

To prevent condition, marine bearings specifically made using material and process that suits the harsh under water environment is used. Marine bearings are specifically designed for this type of conditions and are made from fiber reinforced composite, nitrile rubber lining, Brass shell nitrile rubber lining, non-metallic phenolic nitrile rubber lining, other polymers etc. These bearing are corrosive resistant and are stable even in salt water and also provide superior reliability even at extreme water temperature with limited lubrication requirement. Long-operational life is a prime criterion for selection of bearing

Marine Bearings Market: Market Dynamics

Increase in trade among the nation in the present era of globalization can be considered as the major factor behind the growth of shipping and marine industry. The rise in water-based logistics activities has led to a continuous increase in sea traffic which has fuelled the demand for ships & cargos in the past few years and it is expected to boost the shipbuilding industry in the forecast period, which in turn will create demand for marine bearings market over the forecast period.

Also, Growth in travel, transportation and leisure sector is an important driving factor associated with the marine bearings market.  Repair and maintenance demand of components is also expected to create future market opportunities in the aftermarket segment and expected to leverage market growth. Significant opportunities exist in the market for technological advancement of products so as to provide better performance and enhanced features.

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Marine Bearings Market: Regional Outlook

Asia Pacific is expected to remain the most attractive market for marine bearings. It has a high demand for marine bearings driven from the growing ship building industry in this region. However, in terms of production Europe and North America is expected to hold major share of the marine bearings market. Where North America is expected to be a prominent market in terms of demand. Rest of the world market is estimated to account for a relatively small share of the marine bearings market.

Marine Bearings Market: Market Participants

Some of the examples of the market participants operating across the value chain of the global Marine Bearings Market are:

Some of the examples of market participants in the global Marine Bearings Market, identified across the value chain are,

  • TENMAT Ltd
  • Trelleborg Sealing Solutions
  • Thordon Bearings Inc.
  • Orkot® Marine
  • Teignbridge Propellers International Limited
  • VERSITEC MARINE
  • HORN International AS
  • SKF group
  • Chatfield Engineering Limited
  • CJR Propulsion.
  • CRAFTED WITH CRAFTSMAN MARINE
  • ELCIHE RADICE Spa
  • Italian Propellers S.r.l.
  • Lewmar Limited

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Marine Bearings Market:Market Segmentation

Global Marine Bearings market can be segmentedon the basis of type of  vessel  as;

  • Merchant marine vessel
  • Navy Marine Vessel
  • Yachts Marine Vehicle

Global Marine Bearings Market can be segmentedon the basis of area of typeas;

  • Main Bearing
  • Top End Bearing
  • Bottom End Bearing
  • Thrust Pad bearing
  • Pedestal bearing

Global Marine Bearings Market can be segmentedon the basis of material as;

  • Lead Bronze Bearing
  • Bi-metal Bearing
  • Tri Metal Bearing
  • Others

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

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Freeze Drying Market expected valuation of around US$ 2.5 Bn by the year 2032 | Future Market Insights

According to Future Market Insights’ most recent industry report, the global freeze drying market was valued at approximately US$ 1.0 Bn in 2021 and is expected to rise at a CAGR close to 8.5% over the forecast period, with an anticipated worth of around US$ 2.5 Bn in 2032.

Freeze drying often referred to as lyophilization, is a method that uses low pressure and sublimation to remove water from a material in the form of ice. This technology has numerous applications in the manufacture of high-quality food and pharmaceuticals.

Despite its popularity, substantial research on freeze-drying is continually being carried out in order to enhance the process variables for specific applications, enhance product features through pre-treatments, and minimize energy costs and process time.

The major goal of the freeze-drying procedure is to ensure consistent product quality not just within a batch but also between batches. As a result, during freeze-drying, product temperature becomes a crucial product quality aspect. When the product has the same thermal history throughout the batch, from batch to batch, as well as throughout lab scale, pilot scale, and production scale dryers, consistent product quality is ensured.

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The market has grown as a result of factors like the rapidly expanding pharmaceutical and food processing industries. The market is projected to grow as consumers become more aware of the product’s benefits, such as improved desiccant drying and air-drying efficiency.

Key Takeaways from Market Study

  • Dryers are the leading segment as a product and hold approximately 7% market share in 2021, owing to the customer preference for nutrition from whole foods being supported by the fact that freeze-drying retains nutritional content better than other drying techniques.
  • Industrial-scale of operations holds a market share of around 6% in 2021. Because of the preservation of quality, freeze-drying is thought to be the best method for dehydrating food on an industrial scale.
  • Biopharmaceutical companies are the top distribution channel in the worldwide freeze drying market, and this trend is anticipated to continue with a projected CAGR of 7% over the forecasted years.
  • North America is considered as the leading region with a value share of 8% in 2021, owing to the presence of established biopharmaceutical companies in the region.

“Shifting consumer values, the rapid expansion of the pharmaceutical and food processing industries, and rising consumption of preserved foods are driving the global freeze drying market,” says an analyst of Future Market Insights.

Market Competition

The global market can be characterized as being extremely competitive and consolidated, with a few significant competitors controlling the industry. Additionally, they are investing heavily in R&D to create novel solutions and acquire a competitive edge. To obtain a competitive edge, numerous businesses are engaging in mergers and acquisitions and deploying cutting-edge technologies.

Key Companies Profiled

  • Azbil Corporation
  • Zirbus Technology GmbH
  • HOF Sonderanlagenbau GmbH
  • Millrock Technology, Inc.
  • Fr
  • MechaTech Systems Ltd.
  • SP Industries, Inc.
  • Martin Christ Gefriertrocknungsanlagen GmbH
  • Cuddon Freeze Dry
  • Neologic Engineers Private Limited

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Key developmental instances include:

  • Telstar, a division of the Azbil Group, in December 2020, developed a new line of GMP freeze-dryers with a modular design. The new series of lyophilizers sold under the Lyozeta brand is a standardised version of its top-of-the-line GMP customizable freeze-dryers built to function aseptically.
  • In order to add two HOF horizontal plate freeze-thaw machines to Sartorius’ product line and offer customers a full selection of relevant freeze-thaw equipment and consumables, a partnership between Sartorius and HOF Sonderanlagenbau was announced in December 2021.

Key Market Segments Covered in Freeze Drying Industry Research

By Product:

  • Dryer
    • Tray-style dryers
    • Rotary Freeze Dryers
    • Manifold Freeze Dryers
  • Accessories
    • Drying Chamber
    • Vacuum System
    • CIP (Clean-in-place) Systems
    • Other Accessories

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By Scale of Operations:

  • Pilot-scale
  • Laboratory-scale
  • Industrial-scale

By Distribution Channel:

  • Biopharmaceutical Companies
  • Food and Beverage Companies
  • Academic and Research Institutes
  • CRO &  CMO
  • Hospitals
  • Research Laboratories

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Ecotels Tourism Market is Estimated to Increase at a Robust 12% CAGR in 2022-32 | FMI

The ecotel tourism market is expected to reach US$ 470 Billion in 2022. As per the report, sales are forecast to increase at a robust 12% CAGR, with the market valuation reaching US$ 1459.75 Billion by 2032.

The Ecotel is a new concept in hospitality that claims to work for environment preservation and protection. Hotels must have to pass a detailed inspection and satisfy standard criteria designed by environmental authorities to become eco-certified.

The Ecotel certification is based on five key areas – water conservation, energy conservation, employee environmental education, solid waste management, and environmental commitment. The Ecotel certification enables the hotel to become sustainable and green by involving the total value chain of architects, suppliers, employees, owners, operators, and guests.

The Ecotel is a hallmark representing environmentally sustainable hotels, initiated by HVS, a global consulting giant in the hospitality sector. While most of the certifications pertaining to environment sustainability emphasize on building physical structures and hotels, Ecotel focusses more on the operational part of the hotels.

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Sustainable tourism is a broader concept; it covers all types of destinations and travel, from remote forests to bustling cities and from backpacking to luxury.

Ecotels- A Way to Green Sustainable Tourism: Drivers

The concept of green tourism is becoming popular globally and this is expected to drive the market for Ecotel certification shortly. Most of the tourists and travellers across the globe are aware of the concept of Ecotel hotels. Hotel guests are becoming more conscious about environment problems, and many among such guests have started considering these problems while making a choice for accommodation.

These tourists like to contribute in the act of environment preservation. Ecotels are the trend setters in the tourism and hospitality industry, where the hotel guests want to participate in the green practices. The procedures and standards laid by eco-friendly Ecotel hotels are being implemented by most of the tourism wings such as resorts, hotels, restaurants, industrial catering, travel and trade, motels, etc. All these tourism wings encourage the guest participation as well, which is expected to generate awareness about the Ecotel hotels and sustainable practices.

In such Ecotel hotels, the concept of reduce, reuse and recycle is strictly applied to water management. The usage of electricity is also reduced by the use of LED lamps, green button, fussy logic systems, etc. The rising awareness about global warming and other environmental ill effects among the tourists is generating the demand for Ecotels.

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Ecotels- A Way to Green Sustainable Tourism: Restraints

It is estimated that the construction cost of Ecotel hotels is approximately 10% – 15% higher than regular hotels. However, Ecotels try to consistently demonstrate a focussed effort on waste reduction and increased operational efficiency. The extra features such as the green button, building management systems, sewage treatment plant, CFL and LED lamps, de-super heater, cool deck, fly ash bricks, vermicompost pit, etc.

have to be incorporated during the initial stage of construction. This adds on to the overall construction cost of the hotel. However, some leading global players are investing heavily in Ecotel hotels anticipating the long-term savings and related benefits.

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The tag of Ecotel hotels is expected to attract travellers and tourists who believe in the concept of responsible tourism. The strict environmental regulations and rules can act as a challenge for the construction of Ecotel hotels in environmentally sensitive areas as these hotels need to be constructed keeping in mind the eco norms of the local area.

Ecotels- A Way to Green Sustainable Tourism: Key Regions

The Ecotels is an exclusive group of hotels, international inns, and resorts that define the concept of responsibility towards the environment in the hospitality industry. This collection started in 1994 with the world’s first Ecotel certified hotel named as the New York Vista Hotel. Few of the Ecotel service providers include Hilton Tokyo Bay in Japan, The Orchid in Mumbai, The Benjamin in U.S., Lapo Rios in Costa Rica, etc.

The Orchid hotel is Asia’s first Ecotel five star hotel located in Mumbai, India. Ecotel members realise great benefits as there is improvement in the value of the business owing to heightened exposure in the market, better staff morale and good control of operational expenses. Ecotel hotels also serve various tradition following eco-tourists, business travellers and Fortune 500 companies that have advanced environmental programmes as an integral part of their corporate cultures.

This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

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

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Navigation, Imaging and Positioning Solutions Market – Major Revenue Gains are Expected by 2032

Future Market Insights upcoming report on global Navigation, Imaging and Positioning Solutions market uncovers hidden opportunities and potential threats. The report gives an incisive coverage on the Navigation, Imaging and Positioning Solutions market through a detailed segmentation on its key growth drivers, opportunities, restraints and challenges expected to prevail the market in the upcoming years. According to FMI, the industrial automation industry is expected to have a positive outlook through 2022 and beyond.

Navigation, imaging, and positioning solutions are based on connective technologies such as global positioning system (GPS), magnetic positioning simultaneous localization and mapping (SLAM), WiFi, radio-frequency identification (RFID), and Bluetooth low energy (BLE) beacons.

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Increasing usage of machines and demand for high quality products in various industries coupled with installation of smart devices in the machinery are some of the factors propelling the growth of Navigation, Imaging and Positioning Solutions market in industrial automation industry. Industries are implementing the automation to increase the productivity and reduce labor costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain the competitive edge in the industry.

According to the FMI’s report, the Navigation, Imaging and Positioning Solutions market is projected to record a CAGR of xx% over the forecast period. To receive the detailed insights about the Navigation, Imaging and Positioning Solutions market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2022.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2022. However, with relaxation in lockdown, the Navigation, Imaging and Positioning Solutions market has picked up the pace.

The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the Navigation, Imaging and Positioning Solutions market.

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Key Questions Answered in the Report

  1. What are the key trends and challenges that will affect global Navigation, Imaging and Positioning Solutions market in upcoming years?
  2. What are the factors that will influence the Navigation, Imaging and Positioning Solutions market demand?
  3. Which region will be the most lucrative for Navigation, Imaging and Positioning Solutions market throughout the forecast period?
  4. How will evolving regulatory policies impact the market growth?
  5. What is the impact of Covid-19 on the Navigation, Imaging and Positioning Solutions market?

Navigation, Imaging and Positioning Solutions Market: Segmentation

By Region

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

Detailed analysis on the geographical region and country wise insights are offered in the latest Navigation, Imaging and Positioning Solutions market report with established market players as well as incumbents in the region.

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

  • Topcon Positioning Systems INC
  • iXBlue
  • Trimble Navigation Limited
  • Sonardyne
  • Leica Geosystems
  • Kongsberg Maritime
  • NovAtel Inc.
  • BlackRoc Technology

With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important market study including the historical revenue prospects, pricing strategy, and marketing strategy adopted by these players in the Navigation, Imaging and Positioning Solutions market.

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Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the Navigation, Imaging and Positioning Solutions market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
  • Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario.

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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