Market Research Blog – Page 9704 – New Product Development

Thailand Tourism Market is Expected to be Valuated at US$ 76.60 Billion in 2032 | FMI

The Thailand tourism market which is now valued at US$ 57 billion in 2022 and is projected to increase at a CAGR of 3% to reach US$ 76.60 billion in 2032.

The rich history, wildlife, food and many other factors are expected to increase the influx of tourists and drive the demand for Thailand tourism.

Thailand is located in South East Asia. In fact, Thailand remains to be the only South East Asian country which was never colonised by any European Nation. The name ‘Thailand’ itself means ‘land of the free’.

Thailand was once popularly known as ‘the Venice of East’. The reason being that the waterways were the mode of transportation. Although Thailand doesn’t have any official religion, more than 90% of Thais are Buddhist.

The Thai is the most widely spoken language in Thailand.

Apart from that, Thailand also has the reputation of being the largest exporter of Orchids in the world.

Moreover, the bumble bee bat, which is the smallest mammal in the world is found in Thailand.

Request a Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-th-3020

What are the Current Market Dynamics pertaining to Thailand Tourism Market?

Thailand is believed to be one of the most famous destinations for rock climbers. The tourists from across the world visit the Railay beach for rock climbing. This something which tourists look forward to while visiting Thailand.

Thailand is also the place for some of the most beautiful beaches. The beaches are or everybody, be it for spending time in solace, for partying, or for learning to dive.

Both Phuket and Krabi, which are located in Southern Thailand are thronged by tourists across the world. They are incredibly famous for their well-developed facilities and plentiful activities.

Likewise, on the East of Thailand, islands like Ko Pha-Ngan and Ko Samui are stunning beaches and is especially for those who want to stay away from the hustle of the cities, and need to spend some peaceful time.

Who are Some of the Key Players in the Thailand Tourism Market?

Some of the key players in the Thailand tourism market are: Bangkok Travel Agency Thailand, NS Travels & Tours, Elite Holiday & Agency, Sun leisure World, Holiday Tours and Travel, Bike Tours Thailand, Thailand Holiday Group, Thai Travel Plus Co. Ltd., TIC Holidays Company Limited, Thrilling Thai tours ltd., Discover Thailand Co. Ltd., Exodus Travels, and Thailand Elite Travel Agency

Thailand tourism market is expected to face a tough rebuild as all the covid travel curbs ends from July 2022. The rebuild is expected to be challenging following tough norms and lack of tourists visiting Thailand.

Thailand’s new tourism campaign, Amazing Thailand New Chapter, is an attempt to revive the country’s economy.

Thrilling Thai tours were the winners of the Get Your Guide Awards, 2018.
Exodus travels won the Wanderlust Awards Best Response to the Pandemic – Bronze.

For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-th-3020

Key Segments Profiled in the Thailand Tourism Market Survey

By Booking Channel:

Phone booking
Online booking
In person booking

By Consumer Orientation:

Men
Women
Children

By Age group:

15-25 years
26-35 years
36-45 years
46-55 years
56-65 years
66-75 years

By Tour type:

Independent traveller
Tour Group
Package Traveller

By Tourist Type:

Domestic
International

About 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.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs

Mobile Food Services Market is Anticipated to Increase at a High CAGR of 6% in 2032 | FMI

The mobile food services is anticipated to increase at a high CAGR of 6% (2022-2032), reaching a value of about US$ 37.61 Bn by 2032

Food trucks have been an integral part of many vibrant societies. These popular mobile food joints populated the US and soon became a very popular window for food shopping. The instant availability, affordable pricing and latest experimental food itinerary helped mobile food services earn an edge over contenders.

Mobile food services have flooded the entire food and restaurant market in the US and Europe in 2009 and with passing time their popularity soared and mobile food services reserved their space in the lives of the middle-class population.

Mobile food services not only created a parallel food based economy but also generated massive jobs in the food sector and many of the aspiring chefs and entrepreneurs found a foothold in the food industry.

Request for Sample:
https://www.futuremarketinsights.com/reports/sample/rep-gb-3013

Mobile food services are giving a steady challenge to the brick and mortar hotels and keeping the cost of the market in control by creating a competitive ecosystem. The concept of mobile food services is growing in Asia but they are dominating the existing food markets of Australia, Canada, France and several other countries.

As per a report published by the United Nations, a massive portion of the world population feeds on street food, which is offered by these mobile food services. Mobile food services have been the first line of food supplies in countries such as Brazil, Thailand and Indonesia.

Mobile food services are transforming their presentation techniques and also changing their selling strategies. Apart from using digital platforms for branding these mobile food services are also using tailor-made apps and digital payment corridors to enhance the convenience of their customers.

This business fraternity is facing fierce competition from conventional food joints and they are also finding it hard to adjust to the competition that is emerging every day in their own class. Managing space in a busy populated area is the biggest challenge. Often it becomes hard to gauge the human traffic movement and to extract benefits of the pouring footfalls.

Mobile Food Services: Game Changers

Mobile food services are growing worldwide and the market is expanding. The massive global economic meltdown and soaring number of unemployed youths are pushing many towards this sort of low budgeted business. To adjust with the fast paced lifestyle people are adapting to the new medium of food supply.

Enhanced food safety awareness amongst the people is providing leverage to mobile food services. The startup trend across the world is also pushing the growth of mobile food services.

Mobile Food Services: Restraints

Many countries across the globe including the US have regulated the movement and growth of this segment. Regular checkups are conducted on food trucks to maintain food quality and this has created hurdles in the free growth of this segment.

The brick and mortar restaurants and other renowned food chains are facing enormous competition from these small time traders and in many countries big restaurant lobbies are influencing lawmakers to frame adverse laws to check the organic growth of mobile food services.

Inquire Before Buying Research Report:
https://www.futuremarketinsights.com/ask-question/rep-gb-3013

Mobile Food Services: Top Players

There are several renowned mobile food services available across the world. Some of the famous mobile food service providers include Kogi BBQ, Phat Cart, Cupcakes for Courage, Yumbii, Wafels and Dinges, Ms Cheezious, The Waffle Bus.

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.

The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.

Key Segments Profiled in the Mobile Food Services Market Survey

By Application:

Food Truck
Removable Container

By Product:

Food
Beverages

By Region:

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

About FMI:

Contact:

Hotel Channel Management Market is Estimated to be Appraised at US$ 1483 Mn by 2032 | FMI

The hotel channel management market is expected to reach at US$ 1483 million by 2032, up from US$ 687 million in 2022, advancing at a CAGR of 8% from 2022 to 2032.

Hotel channel management is an integral part of the multibillion dollar hospitality industry. The entire process of hotel channel management is benefitting the hotel industry in several ways. The added technological edge is broadening the periphery of hotel chains that are spreading across the world. The global hotel industry will continue to grow in the forthcoming years.

The boom of the internet, the emergence of a new crop of tech-savvy travellers around the world, and the mushrooming of new travel destinations is building up the base of the global hotel and tourism industry. The all-inclusive surge of the hotel and tourism industry is impacting the rise of hotel channel management.

Regions such as Asia Pacific and Europe have been the cradle of hospitality and tourism and this sector is rocketing steadily with growing tourism destinations popularising the use of hotel channel management. The tourism sector in Middle Eastern countries is comparatively new.

Request a Report Sample to Gain Comprehensive Insights@
https://www.futuremarketinsights.com/reports/sample/rep-gb-3005

Tourism in the African region is witnessing a massive footfall of tourists throughout the year and private players are shelling out massive funds to change the ecosystem of the hotel and tourism industry through hotel channel management.

Hotel channel management is preferred by the new breed of millennial travellers who are populating most of the high-end hotels and tourist destinations across the world. The enhancement of mobile app-based travel management will buckle up the growth of hotel channel management in the coming years.

In the last few years, hotel channel management has grown manifold; the tool is not only user friendly but it also ushers significant change in the revenue structure of hotels. There are a plethora of hotel channel management tools available in the global market; however, users often complain about their below-par performance. Some of the tools are extremely tricky to use and do not provide the desired results.

The dissatisfaction levels amongst hoteliers is soaring and this is further fuelling the growth and adoption of hotel channel management.

Hotel Channel Management: The Game Changers

Hotel channel management has evolved with time. The hotel channel management system has helped rehash the entire hotel booking system through a smart and transparent process.

Hotel bookings are made easy and convenient as long email chains are no longer the way to book a suave room. Through hotel channel management a two-way communication channel can be established that can further help hoteliers understand market trends and easily gauge their market performance.

Hotel channel management also enables customers to get a clear idea about room tariffs and availability of accommodation. Hotel channel management has redefined the service levels of the hotels and created a global and customer-friendly climate in the market. New and advanced cloud-based hotel management systems are a recent addition, helping enhance the outreach of hotel channel management.

For any Queries Linked with the Report, Ask an Analyst@
https://www.futuremarketinsights.com/ask-question/rep-gb-3005

The army of app-savvy wanderers is adding fodder to the growth of the hotel channel management system. A revamped marketing outreach and better customer management policies laid down by several hotels are also promoting the overall sale of hotel channel management tools.

The availability of real-time hotel room tariffs, room patterns and availability is luring more customers and the usage and acceptance of hotel channel management is surging in the hotel and tourism market.

Hotel Channel Management: Restraints

The emergence of hotel channel management is complimenting the growth and development of the entire hospitality industry. Hotel channel management is a potboiler in the tourism industry and some of the prime luxury properties are using this route to reach their targeted customer base.

However, the sudden upsurge of extremist activities has dampened the growth of the tourism and hospitality industry. A slow movement of tourists in the extremity zones in high risk countries has restricted the adoption of hotel channel management.

Hotel Channel Management: Bigwigs

There is a slew of hotel channel management tools available in the market. Some are third party platforms used by small and medium sized hotels and motels for bookings and room management. Most of the industry leaders use their own tailor-made tools for hotel channel management. Here is a list of few of the key software that are working well in this segment today – Hotelogix, ParTech, WebRezPro, RezOvation.

Trends that will impact the sector in the short- and long-term
Deeper understanding of the target audience, their motivations, aspirations, and expectations from service providers

Key Segments Profiled in the Hotel Channel Management Market Survey

By Region:

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

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.

Contact Us:

Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs

Destination Wedding Market is Expected to Reach at US$ 290,550.5 Mn in 2031

The destination wedding market with the rising penetration of social media. Usage of drone footage in marriage events takes destination weddings to the next level. Future Market Insights (FMI) in its latest study has forecast the market to rise at a CAGR of ~30.6% between 2021 and 2031.

As per the market analysis, the destination wedding market will generate revenue, surpassing US$ 21.5 Bn in 2021. By 2031, the market is forecast to cross US$ 290 Bn. Food service activities remain important and are set to account for 39% of the value share in 2021.

With the help of drone videography, couples can avail high-quality footage and photos while saving time and money compared to traditional photography solutions. New generation couples are focusing on sustainability and many consumers prefer eco-friendly destination weddings.

Many players offer natural locations for destination weddings like the Riverview Retreat in Jim Corbett and the Banyan Tree, Phuket. Choosing a park or resort not only provides a beautiful spot to get married but also contributes economically while bolstering exposure to a place devoted to environmental stewardship.

Request Sample Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-13750

Companies are extensively focusing on leveraging their services through enhancing retail penetration and mass marketing. They are actively collaborating with well-established and local online retailers to ensure accessibility in both developed as well as developing countries. These trends are expected to fuel growth in the long term.

Key Takeaways from the Destination Wedding Market Study

International destinations are expected to hold 66% revenue share owing to a wider range of options for aesthetics and climate that have attracted a larger pool of couples.

Wedding ceremonies dominates the market with a 33% share, with higher importance being given to family functions.Italy holds a noteworthy share of 17% of destination weddings, aided by a wider range of location options.Santorini will account for a 16% share owing to a high level of penetration of key players with varieties of beaches and scenic mountain locations.

Corfu accounts for 15% of destination wedding events, aided by destination options and optimal climate for most of the year

“Rise in personalized, innovative and green wedding events with a focus on attractive surroundings, advanced facilities, and a surge in income and rapid urbanization are key factors that will positively influence market revenue through 2031,” says an FMI analyst.

Inquire Before Buying This Research Report:
https://www.futuremarketinsights.com/ask-question/rep-gb-13750

Impact of COVID-19 on the Market

The outbreak of the novel coronavirus has resulted in an economic downswing by causing disruptions in the business operations in various sectors. The service industry is one of the hardest hit. There has been observed a reduction in the overall discretionary spending, which posed a temporary challenge for the players operating in the market.

As the coronavirus crisis continued, large cities banned gatherings and asked people to follow social distancing guidelines.

Couples have moved on to live streaming using videoconferencing applications. This led to a major slowdown in the wedding industry, with many couples canceling or postponing their events. Many people who work in wedding industry including photographers and caterers also suffered due to strict norms.

However, with improving situations in the third quarter of 2020, the market saw a slight improvement. It is expected for the market to gain its initial growth in the second quarter of 2021.

Who is winning?

Aggressive promotional strategies, advertisements, and new product launches have driven sales of destination weddings around the globe.

Major players present in the destination wedding market include 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, and Studio Brzak Events among others.

About FMI:

Contact:

Saudi Arabia Drinking Water Market to cross US$ 11.26 Bn by 2032, Says Future Market Insights

According to the study, the saudi arabia drinking water market size is estimated to expand at a CAGR of over 7.8% over the forecast period of 2022-2032. Sales in the market are estimated to be valued at US$ 11.26 Bn by the end of 2032

As per Future Market Insights (FMI), bottled water has gained wider acceptability across Saudi Arabia over the years. Consumption of functional drinking water is predicted to increase as instances of problematic/contaminated water supplies remain high. Hence, introduction of bottled water with minerals, vitamins, and flavors is improving the demand in the Saudi Arabia drinking water market.

Growth in the market is underpinned by increased bottled water purchases by the working population in the country to gain more nutrition and safe potable water. Moreover, innovation concerning mobility and portability of bottled water packaging will also the demand for bottled water.

Get Sample of the Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-15637

As a result, premium bottled water is generally accepted by local customers in the country. It has less sodium and higher mineral content and is packaged in either plastic or glass bottles. It is more expensive than regular bottled water but less expensive than foreign brands, persuading people to develop good habits and use premium bottled water.

Moreover, increased consumption of premium bottled water by restaurants is being observed in the country since it is not common to serve tap water. This is predicted to uplift the demand for premium bottled water over the forecast period.

Key Takeaways from the Saudi Arabia Drinking Water Market Study

Online sales segment is the most lucrative sales channel and is expected to witness fastest growth in the market.
Based on product type, functional segment is anticipated to account for significant share in the drinking water market.
In terms of packaging type, PET bottles are more preferred over plastic bottles to reduce the carbon footprint in the country.
By water resources, desalinated seawater and groundwater segment is expected to witness fastest growth over the upcoming decade.

“Key providers in the drinking water market are focusing on increasing their footprint by introducing natural and premium products with a variety of flavors and options. Moreover, they are also investing in marketing strategies to increase the awareness of water hygiene and water consumption.” Says an FMI analyst.

Use promo code ->> FMITODAY to get flat 20% discount

Who is winning?

Leading manufacturers of Saudi Arabia drinking water market are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of drinking water market in Saudi Arabia.

Major players present in the Saudi Arabia drinking water market are Nestlé S. A., Hayat Water, Al Hada Water Co. Ltd., Naqi Water, Arwa, Dome, Tania, Berain, Al-Qassim Healthy Water, Hana Water, Al Ain Water, Dala Company, Fayha Water, Safawater.qa, Aquafina (PepsiCo, Inc.), Najed, Nova, Manahel, Safa, Mazen, and Al-Manhel, among others.

Saudi Arabia Drinking Water Market by Category

By Product Type:

Still Drinking Water
Carbonated Drinking Water
Flavoured Drinking Water
Functional Drinking Water
Spring Water

By Water Resources:

Surface Water
Groundwater
- Renewable Groundwater
- Non-renewable Groundwater
Non-Conventional Water Resources
- Desalinated Seawater
- Treated Wastewater

By Bottle Capacity:

100-300 ml
300-750 ml
1,000-1,500 ml
5,000 ml
15,000 ml
15,000-20,000 ml
More than 20,000 ml

By End-User:

Commercial
- Quick Service Restaurants
- Fine Dining
- Casual Dining
- Cafes
- Bars/Pub
Residential

By Packaging Type:

PET Bottle
Glass Bottle
Stand-up Pouches
Retort Pouches

By Sales Channel:

Direct
Indirect
- Hypermarkets/ Supermarkets
- Departmental store
- Convenience Store
- Online Retailers
- Drug Stores
- Other Sales Channel

Ask Our Analyst More About Report @
https://www.futuremarketinsights.com/ask-question/rep-gb-15637

Contact Us:
Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs

Cat Scratchers and Trees Market to surpass US$ 641.6 Mn by 2032, Says FMI

The cat scratchers and trees market size is estimated to reach a valuation of US$ 413.2 Million in 2022, according to a recent market analysis by Future Market Insights (FMI). According to projections, the market for cat scratchers and trees might very well sprout at a 4.5% CAGR and reach US$ 641.6 million by 2032.

Sales of cat scratchers and trees in the market are envisioned to be significantly impacted by the growing cat ownership. A further sign of the growth in product adoption during the forecast period is the rising pet spending in low- and middle-income countries.

Every industry has experienced detrimental effects from the Covid-19 pandemic in one way or another. One of the industries that have been severely impacted was retail. The manufacturers of cat scratchers and trees market went to great lengths to manage demand fluctuations and spring up from the economic meltdown.

A significant trend in the cat scratchers and trees market is the idea of biodegradable products. The market for cat scratchers and trees produces and buys products based on their robustness and inventive designs. Most people prefer sisal fabric because it is easily recyclable and environmentally friendly.

Get a Sample Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-15627

Additionally, the cat scratchers and trees market growth has been significantly aided by the rise of “customised products.” As a result, both brick-and-mortar stores and online retailers are promising to ship products that are specially made to the customers’ specifications for style, size, and shape.

Key Takeaways from the Cat Scratchers and Trees Market Study:

Due to the rising popularity of products like feline trees, condos, racks, roosts, and other cat-related items in this region, Asia-Pacific dominates the cat scratchers and trees market.
Due to increases in the market’s innovative work activities, Latin America is the typical region for growth in the cat scratchers and trees market.
Russians are also ardent cat lovers. More Russians love cats than dogs because of the country’s unique cultural traditions. According to Russian folklore, cats have wisdom. These factors have improved cat reception in the area. This indicates a high likelihood of steady growth in the local cat scratchers and trees market during the indicated time frame.
In Mexico, it is also evident that cats have owners. People in this area are also generally excited about getting a shaggy sidekick. In addition, animal lovers in this area are enthusiastic about spoiling their pets with every luxury.

The cat scratchers and trees market is expected to expand as demand for “customised products” rises. However, growing public understanding of the value of eco-friendly goods can act as a catalyst for the global cat scratchers and trees market to grow. – Said FMI Analyst.

Who holds command?

Leading producers of cat scratchers and trees market place a strong emphasis on the environment’s sustainability, the products’ long-term viability, and their aesthetic appeal.

The cat scratchers and trees market is dominated by companies like TRIXIE, Dibea, Karlie, Catit, K&H, Qiheng Pet Products Manufactory Co. Ltd, Horizon Structures, Birds In Glass Houses, Bonka Bird Toys, Erva Tool & Manufacturing Co. Inc., Cricket Valley Structures, Midwest Homes For Pets, Thoren Caging Systems, Inc., Wyld’s Wingdom, Caitec Corporation, and Liulin.

Use promo code ->> FMITODAY to get flat 20% discount

Market by Category

By Purpose Global Cat Scratchers and Trees is segmented as:

Exercise
Grooming products
To play
To sleep
Decoration
Others

By Material Global Cat Scratchers and Trees is segmented as:

Sisal Fabric
Carpet
Rope
Cardboard
Wood

By Price Range, Global Cat Scratchers and Trees is segmented as:

Low
Medium
Premium

By Sales Channel, Global Cat Scratchers and Trees is segmented as:

Wholesalers/ Distributors
Hypermarkets/ Supermarkets
Convenience Stores
Pharmacies
Specialty Stores /Pet shops
Online Retailers
Other Retail Formats

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa
Europe

Inquire Before Buying Research Report@
https://www.futuremarketinsights.com/ask-question/rep-gb-15627

Adventure Tourism Market is Expected to Accumulate a Industry Value of US$ 336.4 Billion in 2032

The global adventure tourism market garnered a market value of US$ 1484.01 Billion in 2022 and is expected to accumulate a market value of US$ 336.4 Million by registering a CAGR of 16% in the forecast period 2022-2032.

Blooming travel industry across the globe. In addition, attractive travel packages, increase in domestic and international flights along with online availability of easy booking are positively influencing the demand for adventure tourism.

From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 10% and closing at US$ 290 Billion. The COVID-19 pandemic affected the market for adventure tourism owing to the non-functioning of the aviation industry.

Thus, post the pandemic, adventure tourism companies are offering special and customized trips to different parts of the globe. Moreover, the penetration of user-friendly websites along with easy booking systems is escalating the revenue for the adventure tourism market.

Europe, Asia Pacific and North America are the largest contributors to the adventure tourism market. This is owing to the provision of leisure activities such as scuba diving, river rafting, camping and trekking offered by different travel and tourist industries.

Request a Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15361

With more local companies entering the market, options for exploring newer geographical locations has increased. Adventure tourism is not only focusing on providing relaxation but is doing the same in a sustainable manner. This, in turn, is attracting people to invest in the same.

Key Takeaways from the Market Study

By activity type, soft adventure is expected to possess 60% of market share in 2022
Direct adventure tourism booking to account for a revenue share of 60% in 2022
Europe to possess 35% of market share for adventure tourism in 2022
Asia Pacific is expected to possess 30% market share for adventure tourism market in 2022
North America is expected to procure 25% market share for adventure tourism in 2022
Global adventure tourism market value to experience over 4x growth from 2022-2032

“Increase in travel industries across different geographical locations, cheaper flights, aggressive advertising by traveling companies is positively influencing the market for adventure tourism,” states an FMI analyst.

Market Competition

Key players in the adventure tourism market are Intrepid Group, ltd., Mountain Travel Sobek, G Adventures, Geographic Expeditions Inc., Discovery Nomads, Row Adventures, Austin Adventures, Inc., Butterfield & Robinson Inc., Tui Group, Cox & Kings Ltd.

In May 2022, Intrepid Group, ltd invested US$ 7.85 Million in CABN to expand off grid experiences in Australia. Through this investment, the company is planning to deliver more than 70 off grid sustainable cabins across the country by 2023.
In March 2022, Austin Adventures, Inc launched three summer trips for 2022. Through these trips, tourists can travel to Jackson Hole Adventure, British Columbia Hut to Hut Hiking Adventure and Galapogas Family Vacation.

For any Queries, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-15361

Key Segments Profiled in the Adventure Tourism Market Industry Survey

Adventure Tourism Market by Activity Type:

Soft Adventure Tourism
Hard Adventure Tourism

Adventure Tourism Market by Group:

Adventure Tourism for Groups
Adventure Tourism for Family
Adventure Tourism for Couples
Adventure Tourism for Solo Travellers

Adventure Tourism Market by Booking Mode:

Direct Adventure Tourism Booking
Adventure Tourism Booking through Travel Agents
Marketplace Adventure Tourism Booking

Adventure Tourism Market by Age Group:

Adventure Tourism for 28 and Under
Adventure Tourism from 29-40
Adventure Tourism from 41-50
Adventure Tourism from 51-60
Adventure Tourism from 61-70
Adventure Tourism for 71 and Over

Adventure Tourism Market by Region:

North America Adventure Tourism Market
Latin America Adventure Tourism Market
Europe Adventure Tourism Market
Asia Pacific Adventure Tourism Market
Middle East & Africa Adventure Tourism Market

About FMI:

Contact:

Riding Boots Market to grow at a rate of 6.4% by 2032 | Get Customized Reports

The global riding boots market size is expected to reach a market valuation of US$ 1.82 Billion by the year 2022, accelerating with a moderate CAGR of 6.4% by 2022-2032. Riding boots market size is anticipated to be valued at about US$ 3.4 Billion by 2032 end.

Rising safety consciousness among experienced motorcyclists and millennials is a key element propelling expansion in the global riding boots market. Over the projected period, the riding boots market is anticipated to rise on the back of rising demand for adventure touring, riding equipment for road trips, and professional competitions. Additionally, rising worries about road traffic injuries worldwide are expected to fuel demand for riding boots.

Increasing interest in adventure riding and motorcycles as a leisure activity, especially among the younger population, is also expected to contribute to the riding boots market’s development. The global riding boots market is expected to expand rapidly, as the number of people riding sport, cruiser, and dirt bikes continues to rise.

Get a Sample Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-15576

Demand for riding boots, gloves, helmets, and elbow and knee guards is expected to rise as more people become concerned about pillion and rider safety. Riding boots are designed to protect the rider’s feet from the high temperatures generated by motorcycle engines and from any damage sustained in the event of an accident.

Over the forecast period, the global riding boots market anticipates rising demand due to rising awareness of these benefits. Authorities and governments everywhere are struggling to cope with the rising number of traffic collisions and fatalities. Demand is expected to rise in the global riding boots market as new and improved safety solutions for these kinds of incidents are introduced.

The demand for riding boots has increased, especially among younger people, as a result of the growing popularity of riding boots during the pursuit of horseback riding as a leisure activity to ensure the rider’s safety. The rise in sales of riding boots can be attributed to an increase in awareness among athletes who compete in the Olympics, as well as a rise in the number of people who engage in racecourses and biking as a sport that adheres to severe laws regarding the required safety gear.

As a result of people’s increased awareness regarding the importance of protecting their ankles, toes, foot bones, and the area surrounding their feet, there has been a surge in the use of fastening riding boots, which also provide higher comfort and performance when riding.

Use promo code ->> FMITODAY to get flat 20% discount

Key Takeaways

In 2021, sport and race boots held more than 60.0% of the market share, and this trend is expected to continue through the end of the forecast period.
The growing awareness about the functions of the riding boots is expected to increase the adoption of riding boots.
Due to the great convenience and ease of purchasing offered by online businesses, this distribution channel of the riding boots market is expected to see the quickest CAGR of 7.4%.
The riding boots market is anticipated to reach a valuation of US$ 3,400 Million by 2032.
North America is the fastest growing region for the riding boots market with a market share of 67%.

Competitive Landscape for the Riding boots Market

During the foreseeable future, major riding boots industry players are expected to confront intense competition. Brands like Spartan ProGear Co., Mountain Horse, LM Boots, and El Paso’s own Tres Outlaws Boot Company aim to modernize the footwear market by producing designs with increased softness, long-lasting materials, riding boots with high protective shields, water-resistant properties, and the right shape and size, and by releasing new riding boots in bulk at discounts.

Recent Development in the Market

The new collection of Western-inspired boots from Lucchese and Ram is expected to be released in December 2021. A unique partnership between Wolverine, a 138-year-old boot and clothing manufacturer, and Ram Truck, the “Built to Serve” firm, was announced just a few months ago for a line of boots modelled after Ram’s product line. Ram Trucks has now announced a partnership with Lucchese, a bookmaker in El Paso, Texas.

Inquire Before Buying Research Report@
https://www.futuremarketinsights.com/ask-question/rep-gb-15576

Riding boots Market by Segmentation

By Product:

Sport & Race Boots
Cruising & Touring Boots
Adventure & Dual Sport Boots

By Distribution:

Offline
Online

By Region:

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

Electric Skateboard Market Set to Witness an Uptick Size 3.52 Billion to 2032: Future Market Insights, Inc.

The global electric skateboard market size is slated to reach US$ 1.93 Billion in 2022, and is further likely to reach US$ 3.52 Billion by the end of the 2022-2032 forecast period. Throughout the aforementioned assessment period, sales of electric skateboards will continue to flourish, reflecting a value CAGR worth 6.2%. From 2016 to 2021, the market registered a growth rate of 5.1%.

The majority of the skateboards market players have launched electric skateboards with a massive influx of new riders. Based on user tilt sensing technology, any desired motion can be achieved without a remote control. This makes the electric skateboard a smart transport with motion sensing capability.

Electric Skateboard Market – Key Trends

Connected features in electric skateboards, such as infrared connections, Wi-Fi, and Bluetooth, are gaining momentum in the global market. Progressions in technology are resulting in the development of innovative and AI featured electric skateboard. It offers greater control over speed together with accurate handling for riders with more efficiency in less time.

Get a Sample Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-11993

As governments are increasingly focusing on smartening up their cities, they are seeking viable transport solutions that can decongest the traffic as well as create a cleaner environment for the entire community.

At present, there are only handfuls of nations that allow electric skateboard usage in public roads. The legalization of these electric skateboards will immensely diminish the number of vehicles on the road, clean the air, enhance the community’s mental health, and encourage a ‘forward-thinking’ environment.

The legislation will also give rise to dedicated electric vehicle retailers and certified repair agents. Rise in the electric skateboard market has also created space for the electric skateboard accessories market. Several manufacturers have started offering safety gears USB accessories and spare parts.

Rising awareness concerning different skateboarding competitions and contests held at the regional and country levels is motivating kids to engage in the sport. For instance, Skate Philippines Summer Championship, the 31st Annual Skate Malaysia and Skate Japan are a few of the competitions held in 2019

Electric Skateboard Market – Growth Restraints

The conventional skateboards at available at affordable prices in the market as compared to electric skateboards. Moreover, there is an additional high cost associated with the use of advanced technology in electric skateboard motors. This is anticipated to impede the electrical skateboard market.

Lack of electric skateboard laws can negatively impact the growth of the electric skateboard market. The issues that legislative bodies are confronting are the product’s uncertainty and the absence of data concerning these vehicles usage.

Use promo code ->> FMITODAY to get flat 20% discount

COVID-19 Impact Analysis

The COVID-19 outbreak affected not only the skateboard industry but the professional skateboarders too. The outbreak has resulted in the cancelation of several events and championships such as the Tokyo Summer Olympics 2020 wherein skateboarding was included and has provided a boost to all skateboarders to outdo in the field.

Rise of online fantasy sport(OFC) platforms has shown a rapid increase in the user base over the period. As per the FIFS-KPMG report, OFS operators’ gross revenues increased around 3X over the last 12 months.

Further, in a post COVID world, with social distancing standards in place, fantasy sports such as Skateboarding will play an increasingly important role in connecting fans to their favorite sports as well as increasing fan engagement.

Electric Skateboard Market – Region-Wise Analysis

North America spearheads the global electric skateboard market trailed by Europe over the assessment period. According to the Public Skatepark Development Guide, around 3.1 million youth in the US is described as being a core skater. Furthermore, the region is the biggest producer of skateboards across geographies.

The Asian market is anticipated to foresee rapid growth in the electric skateboard market owing to increasing awareness of the outdoor activities, also, to the rise in technology.

Electric Skateboard Market – Competitive Analysis

The global electric skateboard market is segmented with the presence of several global and local players. The majority of market players are introducing innovation in their products and acquisitions as their key strategy is to boost their market share. For instance,

Rave skateboards have introduced their summer collection 2019 comprising funky graphic designed skateboards.
LAUNCH SNOWBOARDS have launched their new skateboard line which consists of wheel kits, street decks, drop through longboards, truck, and pintail longboards.
Loaded Boards entered into a partnership with Unlimited Engineering to launch their newest line of electric skateboards along with DIY electric kits.
Lime, a scooter sharing company is taking over Boosted Inc. Around five of Boosted’s core patents were allotted to Lime in addition to intellectual property.

Inquire Before Buying Research Report@
https://www.futuremarketinsights.com/ask-question/rep-gb-11993

Pet Daycare Market is Projected to Register a CAGR of 8% Through 2032

The pet daycare care market size is valued at US$ 3.7 Billion in 2022. Sales are projected to increase at an 8% CAGR during the forecast period, with the market size reaching US$ 6.7 Billion by 2032.

The rising pet humanization culture has increased the demand for pet daycare services. Humans have regarded their pets as their friends and family members. Also, they prefer to raise them with the best. With various pet organizations working on enhancing the lives of pets, governments are also spending on animal well-being.

Moreover, there have been rising cases of depression and anxiety in recent times. To deal with these psychologists believe that adopting pets is an effective way to deal with such psychological issues. With the increase in working hours, people hardly get time to take proper care of their pets. Therefore, they turn to pet daycare to avail their services. This is as well is expected to increase the demand for pet daycare.

Request a Sample Copy of the Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-15548

Moreover, certain conditions like obesity, health getting regularly affected, etc., because pets have a hard time. Pet owners often rely on pet daycare specialists to deal with the above situations effectively.

Another vital factor that has positively impacted the pet daycare market trends is the increase in disposable income. A decade back, availing of this facility was something that pet owners had to ponder upon unless it was a necessity.

Thus, based on the study conducted by the Future Market Insights research team, “Increase in the working hours of the pet owners along with upsurge in the disposable income is expected to drive the demand for pet daycare during the forecast period.”

Key Takeaways

The valuation of pet daycare market as on 2022 is US$ 3.7 billion.
The expected valuation of pet daycare market in 2032 is US$ 6.7 billion.
The anticipated CAGR during the forecast period is 8%.
Based on the animal type, dogs occupy the largest chunk of market.
The Group plays sessions are the most preferred service type in the pet daycare market.
Based on the country wise insights, USA has the largest market share.
North America has the largest market share based on the regional insights.
Asia-Pacific is all set to be the fastest growing pet daycare market based on regional analysis.

Competitive Landscape

Some of the major companies are involved in several strategies such as collaborations, mergers, and acquisitions to maintain their market position. Moreover, they are expanding their presence and are opening many more pet care facilities across the globe.

For Instance:

In July 2022, Dogtopia announced that it would open second San Antonio location om city’s far Northwest side.
In 2019, PetBacker started providing guilt-free tours to the pet parents which will arrange a fast online booking for cage-free pet boarding. This initiative was a collaboration with Uber and Airbnb.

Use promo code ->> FMITODAY to get flat 20% discount

Key Companies Profiled

PACo LLC
Carey Pet and Home Care
Best Friends Pet Care Inc.
Camp Bow Wow
Dogtopia
Preppy Pet
Paradise 4 Paws LLC
Preppy Pet Franchises Inc.
Country Comfort Kennels
PetBacker
PetSmart Inc.

Market Segmentation

By Service Type:

Group Play Sessions
Exercise
Poolside DayCare
Grooming
Veterinary
Others

By Animal Type:

Dogs
Cats
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

Talk to Analyst @
https://www.futuremarketinsights.com/ask-question/rep-gb-15548
What Are Some Of The Existing Trends In The Pet Daycare Market?

New products with improved abilities backed by research and innovation help key manufacturers involved in pet daycare to extend their global value. Smart technologies also contribute to the easy grooming of pets. They ensure pet security; hence, they are globally popular in the pet daycare market.

Various new technologies are appointment scheduling apps with veterinary doctors and applications that give orders to pets such as sitting, running, sleeping, eating, walking, etc. These advanced technologies also provide various fun activities and other entertainment for pets.