Wednesday 25 October 2023

Hand Protection Equipment Industry Is Expected To Grow Due To Increasing Concerns About Hand Hygiene And The Product's Efficiency In Limiting The Spread Of COVID-19

 Hand Protection Equipment Industry

 

Hand protection equipment industry data book covers disposable gloves, disposable medical gloves, nitrile gloves, rubber gloves and nonwoven disposable gloves market.

Global hand protection equipment industry database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook report and summary presentations on individual areas of research.

Disposable Gloves Market Analysis & Forecast

The global disposable gloves market size was estimated at USD 10.29 billion in 2022 and is projected to grow at a compounded annual growth rate (CAGR) of 5.8% from 2023 to 2030. The growing demand for disposable gloves, especially from the healthcare industry amidst the ongoing COVID-19 pandemic, along with rising awareness about healthcare-associated infections, is expected to drive the market growth. The healthcare sector in major developing economies is anticipated to witness substantial growth on account of several factors, such as increasing investments in both private and public sectors along with rising population, the high influx of migrants, and the growing geriatric population. Furthermore, rising healthcare expenditure is projected to drive the growth of the healthcare sector, which, in turn, is estimated to augment the demand for disposable gloves.

Disposable Medical Gloves Market Analysis & Forecast

The global disposable medical gloves market size was estimated at USD 7.65 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030. The growing demand for safety and security at healthcare workplaces, rising healthcare expenditure, and the resurgence of the COVID-19 pandemic, are expected to have a positive impact on industry growth. The resurgence of the COVID-19 pandemic in countries, such as China, Germany, France, Italy, and Belgium, is expected to increase testing, surveillance, and hospital visits, which will boost the product demand. Furthermore, the pandemic had boosted the demand for disposable medical gloves and strained the supply chain, which prompted manufacturers to boost their production capacities to meet the growing demand.

Request Free Sample Copy of Hand Protection Equipment Industry Data Book, published by Grand View Research

Nitrile Gloves Market Analysis & Forecast

The global nitrile gloves market size was estimated at USD 6.56 billion in 2022 and is anticipated to grow at a compounded annual growth rate (CAGR) of 5.7% from 2023 to 2030. The market growth is expected to be driven by growing healthcare expenditure, increased significance of workplace safety, and rising awareness of healthcare-associated infections. Healthcare industry in major developing countries is also expected to witness significant growth owing to several factors including growing investments in both public and private sectors, increasing population, rising geriatric population, and high influx of migrants. In addition, increasing healthcare expenditure is projected to boost the growth of the healthcare industry globally, which, in turn, is anticipated to spur the demand for hand protection over the forecast period.

Rubber Gloves Market Analysis & Forecast

The global rubber gloves market size was estimated at USD 13.4 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2023 to 2030. Stringent laws and significant costs associated with workplace danger and growing awareness among industry participants about worker safety & security at work are expected to fuel industry expansion over the forecast period. Governments around the world are investing heavily in a sufficient supply of Personal Protective Equipment (PPE), which includes products, such as gowns, gloves, face shields, and masks, during the pandemic in 2020. Major market players are also working together with hospitals, medical institutions, and NGOs to offer PPE directly to get a competitive advantage.

Nonwoven Disposable Gloves Market Analysis & Forecast

The global nonwoven disposable gloves market size was estimated at USD 0.71 billion in 2018 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.7% from 2018 to 2025. Global healthcare spending has been increasing considerably over the past few years. The demand for healthcare services and products has led to the increased use of nonwoven disposable gloves in medical devices and other medical supplies, such as drapes, bedsheets, masks, gloves, etc. In addition, the increasing geriatric population across developed nations is expected to drive the demand for healthcare spending over the forecast period. Increasing birth rates and awareness about the benefits of hand hygiene are expected to drive product demand over the forecast period.

Chemo Graded nitrile Powder-free Medical Examination Gloves Analysis & Forecast

The global chemo graded nitrile powder-free medical examination gloves market size was valued at USD 0.24 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.0% from 2019 to 2028. Chemo-graded nitrile powder-free medical examination gloves are in high demand due to the rising cancer prevalence driving chemo demand globally. For instance, in 2021 there were 10.0 million fatalities and 19.3 million new cases of cancer worldwide. Furthermore, one in five people in the globe will get cancer at some point in their lives, and one in eight men and one in eleven women will die due to cancer in the coming years.

Go through the table of content of Hand Protection Equipment Industry Data Book to get a better understanding of the Coverage & Scope of the study.

Hand Protection Equipment Industry Data Book Competitive Landscape

Hand protection equipment industry focuses on research & development activities to develop new technologies for manufacturing products and integration across various stages of the value chain to gain a competitive edge in the market. For instance, in August 2020, Ansell Ltd. signed a distribution partnership with OneMed, a provider of medical supplies and support systems, with an existing distribution network in the Nordics. Manufacturers have also started expanding their businesses through mergers, acquisitions, and geographical expansions.

Key players operating in the hand protection equipment industry are –

• Top Glove Corp. Bhd.
• Hartalega Holdings Berhad
• Superior Gloves
• Adenna LLC
• MCR Safety
• Atlantic Safety Products, Inc.
• Ammex Corp
• Kimberly-Clark Corp
• Sempermed USA, Inc.
• Halyard Health, Inc

Friday 20 October 2023

Dry-Cleaning and Laundry Services Industry To Rise Due To Increasing Customer Demand For Convenient And Affordable Garment Care Solutions

 Dry-Cleaning and Laundry Services

 

Dry-cleaning and laundry services industry data book covers laundry services, dry-cleaning services, and duvet cleaning services market.

Global dry-cleaning and laundry services industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

The global dry-cleaning and laundry services market size was valued at USD 69.3 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.0% from 2023 to 2030.

Laundry Services Market Analysis & Forecast

The global laundry services market size was valued at USD 25.25 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030. The laundry services market is experiencing a surge in popularity due to its reliability, advancements in laundry technology, and the ongoing trend of urbanization. These factors are expected to drive market growth in the foreseeable future. The industry is also anticipated to grow as cashless transactions become popular and digital payment methods are more widely used. It is also projected that integrating smart meters and the rising customer demand for effective and reasonably priced dry-cleaning and laundry services can contribute to the market's growth.

According to a survey commissioned by ARM & HAMMER Clean & Simple and performed by OnePoll, in August 2020, respondents spend an average of 23 hours and 36 minutes per month on cleaning and housework, roughly amounting to 5 hours and 54 minutes per week. Of this, doing the laundry accounted for 44% of the time. Respondents spend 1 hour and 12 minutes per week doing laundry, or nearly a fifth of their time on housework. This data indicates that individuals with families invest significant amounts of time and resources in doing laundry, including water, detergent, and dryer sheets.

Order free sample copy of “Dry-cleaning and laundry services industry data book - laundry services, dry-cleaning services and duvet cleaning services market size, share, trends analysis, and segment forecasts, 2023 - 2030” data book, published by Grand View Research

Dry-Cleaning Service Market Analysis & Forecast

The global dry-cleaning services market size was valued at USD 14.22 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.1% from 2023 to 2030. Dry cleaning is a waterless and fabric-friendly process using specialized liquids and machines to remove stains and odors. Professionals in this field employ ozone treatment, eliminating embedded odors, releasing oxygen gas, and imparting a natural fragrance to the fabric. Dry cleaning benefits individuals sensitive to smells and helps keep children's clothes odor-free.

People with hectic schedules appreciate the pick-up and delivery facility offered by online laundry service providers, in addition to washing and ironing clothes. For example, Miami-based Hamperapp offers various services ranging from detergent washing to dry cleaning across several cities in the U.S., with free pick-up and delivery. Furthermore, special discounts and cashback offers for regular customers are strategies adopted to attract and retain customers.

Duvet Cleaning Services Market Analysis & Forecast

The global duvet cleaning services market size was valued at USD 29.85 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030. People with busy schedules may need more time or resources to personally clean their duvets in today's fast-paced environment. A professional duvet-cleaning service is a practical answer for individuals who need to maintain bedding while saving time and effort. Professional duvet-cleaning services have the tools and expertise to effectively sanitize and clean duvets to a higher quality than a person could achieve independently.

Duvet cleaning professionals offer additional services such as odor removal and restoration for fire or flood-damaged items. They may efficiently remove ingrained odors and release oxygen gas using ozone generators, leaving behind a fresh, scent-free fabric. This encourages customers to use duvet-cleaning services more often as it appeals to people allergic to strong odors and those who want odor-free duvets. These factors will aid in the growth of the duvet cleaning services market over the forecast period.

Go through the table of content of Dry-Cleaning and Laundry Services Industry Data Book to get a better understanding of the Coverage & Scope of the study.

Dry-Cleaning and Laundry Services Industry Data Book Competitive Landscape

In the market, a mix of established companies and emerging players exists. Several prominent players are strategically capitalizing on the market's growing trends while expanding their range of services to sustain and increase their market share.

Key players operating in the dry-cleaning and laundry services industry are –

• Alliance Laundry Systems LLC
• The Huntington Company
• ZIPS Dry Cleaners
• Alsco Pty Limited
• Rinse, Inc.
• Mulberry Cleaners & Launderers, Inc.
• Tide Dry Cleaners (Procter & Gamble)
• City Dry Cleaning Company
• East Rand Cleaners
• Cleanly
• Speed Queen Laundry
• Martinizing Dry Cleaning
• Comet Cleaners
• Laundryheap
• MASTERCLEAN DRYCLEANER SERVICE LTD.
• Astoria Dry Cleaning Services
• IHATEIRONING
• Oxxo Care Cleaners
• Dove Cleaners
• Tumble Dry

 

 

Thursday 19 October 2023

Footwear Industry To Be Driven By Changing Consumer Preferences And Fashion Trends Across The Globe

 Footwear Industry Data Book

 

Footwear industry data book covers athletic, non-athletic, sustainable, and traditional/non-sustainable footwear market.

Global footwear industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

The global footwear market size was valued at USD 387.74 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2023 to 2030.

Athletic Footwear Market Analysis & Forecast

The global athletic footwear market size was valued at USD 133.13 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030. Growing enthusiasm and awareness regarding the health benefits of sports and fitness activities, the flourishing retail e-commerce sector worldwide, and rising levels of disposable income of consumers are estimated to be the key trends stoking the market growth. Youngsters are getting keen on adopting a healthy lifestyle and are hence participating actively in sports and other related activities. At the same time, people have started realizing that sports and fitness activities can help ensure good health and reduce the risk of chronic disorders such as depression, cardiovascular diseases, and diabetes.

People are also increasingly realizing the importance of using the appropriate type of shoes for sports activities to prevent muscle injuries, leg injuries, knee pain, hip pain, and back pain. As a result, the demand for athletic shoes is expected to register a sharp rise over the coming years. The demand for athletic footwear products is increasing rapidly owing to their usage in various conditions. Athletic footwear products are used by various consumers such as athletes and climbers. In addition, there are fitness-conscious customers, gym-goers, and people who use them for mild fitness routines. Various types of athletic footwear available in the market are prepared from high-quality raw types, such as leather, foam, and plastic, which involve the use of advanced chemical additives.

Increasing environmental concerns are restraining the growth of the athletic footwear industry. The active measures taken by the government and environmental groups toward pollution act as a restraint for the market. Industry is one of the main causes of the pollution of the rivers and environment. For instance, Puma along with other sportswear brands including Nike and Adidas was addressed as ‘Dirty Laundry’ as the subject of a report by the environmental group Greenpeace. Puma was accused of working with suppliers in China who, according to the report, contributed to the pollution of the Yangtze and Pearl rivers.

Non-athletic Footwear Market Analysis & Forecast

The global non-athletic footwear market size was valued at USD 254.62 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2023 to 2030. The non-athletic footwear category encompasses a wide range of options, including flip-flops, tactical, loafers, diabetic shoes, medical shoes, and others, suitable for various occasions. This category has attracted significant attention from both established and emerging players in the footwear industry, including niche brands and renowned designers. This heightened interest is primarily driven by the increasing consumer preference for environmentally friendly sneakers and other types of footwear.

The demand for casual and non-athletic footwear that go well with different outfits has been driving the growth of the segment. Niche companies and startups are catering to millennial consumers by providing innovative products as these consumers are more inclined toward sustainability and ethical consumerism. For instance, Eco-Vegan Shoes offers a variety of non-athletic footwear styles such as ankle boots, heels, flats, and sneakers, all of which are certified by different eco-friendly organizations.

Order Free Sample Copy of “Footwear Industry Data Book - Athletic, Non-athletic, Sustainable and Traditional/Non-sustainable Footwear Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Sustainable Footwear Market Analysis & Forecast

The global sustainable footwear market size was estimated at USD 6.78 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030. Growing consumer awareness and concern for environmental sustainability have increased the demand for eco-friendly footwear options. In addition, advancements in sustainable materials and production methods have enabled manufacturers to offer stylish and functional footwear that meets the preferences of eco-conscious consumers. Government regulations and incentives promoting sustainable practices in the fashion industry have further accelerated market growth. Moreover, the rise of ethical and socially responsible consumer behavior has boosted the adoption of sustainable footwear brands.

Sustainability has been observed to be a key trend over the years. On this front, many experts believe that innovations in production will continue to gather momentum. Many prominent market participants, including Nike and Adidas, contributed to the sustainable methods of production, such as reduced labor costs and wastage. Digitization also allows to create sample footwear with better materials and enables the use of a 3-D printer for predicting a single shoe in multiple forms, patterns, and colors.

Traditional/Non-sustainable Footwear Market Analysis & Forecast

The global traditional/non-sustainable footwear market size was estimated at USD 380.97 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.3% from 2023 to 2030. Fashion trends and changing styles heavily influence the demand for non-sustainable footwear. Consumers who prioritize the latest fashion trends and designs may opt for non-sustainable options, as they tend to offer a wider variety of styles and designs. Non-sustainable footwear often comes at a lower price point compared to sustainable alternatives. Cost-conscious consumers may prioritize affordability over sustainability when making purchasing decisions.

The younger consumer groups lay huge emphasis on aspects such as color, design, and shape of products. The demand for custom-made shoes and apparel is also gaining traction among many elite runners who have the means to spend heavily on footwear. On the other hand, new and occasional runners are likely to be satisfied with off-the-rack products.


Go through the table of content of Footwear Industry Data Book to get a better understanding of the Coverage & Scope of the study.

Footwear Industry Data Book Competitive Landscape

Prominent players hold a significant market share and have established a strong global presence. Alongside these industry leaders, there are also smaller to medium-sized players that focus on offering a specific range of footwear and primarily cater to regional customers. To achieve business growth in regional markets, multinational players are actively pursuing strategies such as mergers, acquisitions, and other strategic initiatives.
Key players operating in the footwear industry are –
• Nike, Inc.
• Adidas AG
• PUMA SE
• Timberland
• Skechers USA, Inc.
• Under Armour Inc

 

Pet Supplements Industry To Be Driven By Increased Consumers Spending On Pet And Rise In Pet Humanization

 Pet Supplements Industry

 

Pet Supplements Industry Data Book Covers Skin & Coat Supplements, Hip & Joint Supplements and Digestive Health Supplements Market.

Global pet supplements industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & demographic framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

The global pet supplements market size was estimated at a value of 1,951.08 million in 2022 and is expected to grow compound annual growth rate (CAGR) of 5.9% from 2023 to 2030.

Skin & Coat Supplements Market Analysis & Forecast

The global skin & coat supplements market size was estimated at a value of USD 193.54 million in 2022 and is expected to grow compound annual growth rate (CAGR) of 6.5% from 2023 to 2030.

The condition of skin and coat in pets is influenced by various factors, including diet, season, and life stage. Changes in these factors often result in variations in the appearance and texture of the animal’s coat and skin. During colder seasons, most animals tend to grow a thicker coat to provide insulation and protect themselves from the cold. Conversely, as the weather warms up, animals often shed their heavy winter coat to adapt to the rising temperatures. Dogs and cats initially have soft and fuzzy hair, but as they grow older, their coat becomes coarser. Pregnant or nursing pets may also experience changes in coat condition or hair loss due to hormonal fluctuations.

Considering the influence of season, and life stage on the skin and coat condition of animals, there is a growing market for skin and coat supplements. These supplements can provide essential nutrients to support a healthy and vibrant coat throughout different seasons and stages of a dog's life. By addressing specific coat-related concerns and promoting overall skin health, these supplements can cater to the needs of dog owners who want to maintain the optimal appearance and condition of their pets' skin and coats.

Order Free Sample Copy of Pet Supplements Industry Data Book, published by Grand View Research

Hip & Joint Supplements Market Analysis & Forecast

The global hip & joint supplements market size was estimated at a value of USD 1,182.18 million in 2022 and is expected to grow compound annual growth rate (CAGR) of 5.8% from 2023 to 2030.

Excessive joint pains can lead to limping, stiffness, reluctance to do things, stress, and anxiety in pets, which can be more dangerous than any other health problem, as a result, companies are launching innovative products such as hemp oil supplements and cannabis-related products to counter these issues among pets. Moreover, dietary supplements such as glucosamine and chondroitin are given to pets to help protect the joints and prevent arthritis. Several dogs and cats are given supplements containing omega-3 fatty acids as these offer anti-inflammatory benefits. These factors are expected to drive the demand for supplements that address hip and joint issues.

Innovations in hip and joint supplements include advancements in ingredient combinations, dosage forms, and delivery methods. Manufacturers are incorporating a diverse range of ingredients known to support joint health, such as glucosamine, chondroitin, MSM (methylsulfonylmethane), omega-3 fatty acids, hyaluronic acid, and antioxidants. By combining these ingredients in unique ways, they create effective and comprehensive formulations that target joint support and mobility.

Digestive Health Supplements Market Analysis & Forecast

The global digestive health supplements market size was estimated at USD 575.36 million in 2022 and is anticipated to expand at a CAGR of 6.0% from 2023 to 2030. Favourable outlook toward medical nutrition on account of rising prevalence of digestive diseases coupled with the rising number of weight management programs is expected to propel the growth. Growing health awareness has resulted in increasing per capita expenditure on digestive health supplements in the developed markets. High prevalence of digestive disorders in Japan, U.S., and several European countries is anticipated to further fuel the product demand.

Regulatory agencies demand scientific support and documented health effects before approving the claims made by companies. There have been cases of conflicts between the industry participants and regulatory agencies over such claims. Moreover, the need for different claim approvals for different countries, is expected to restrain the market growth over the forecast period.

North America is expected to continue registering significant demand for digestive health supplements over the forecast period. Many manufacturers are stepping up their efforts to increase their scale of operations within the developed regions such as North America and Europe. Asia Pacific is anticipated to witness high demand for digestive health products as key participants adopt strategies, such as the introduction of their brands in untapped economies of Southeast Asia. China, Japan, and India are among the largest regional markets for digestive health supplements, owing to the presence of a large consumer base. Rising product demand from countries, such as Japan and Australia is expected to strengthen the regional market growth over the forecast period.

Go through the table of content of Pet Supplements Industry Data Book to get a better understanding of the Coverage & Scope of the study.

Pet Supplements Industry Data Book Competitive Landscape

Companies have been implementing various strategic initiatives such as expansions, strengthening of online presence, and launching new products to gain a competitive advantage over others. Moreover, companies are trying to increase their brand recognition through various forms of media, the internet, social networking sites, and collaborations with celebrities in their respective regions to reach the widest possible audience.

Key players operating in the pet supplements industry are –

• Nestlé S.A.; Mars, Incorporated
• Zoetis Inc.
• Virbac
• NOW Foods
• Nutramax Laboratories, Inc.
• FoodScience Corporation

Wednesday 18 October 2023

Beauty And Personal Care Products Industry To Grow Up Due To Rising Consumer Awareness Regarding Personal Grooming, Hygiene And Appearance

 Beauty and Personal Care Products

Global beauty and personal care products industry data book covers skin care, hair care, color cosmetics and fragrances market.
Global beauty and personal care products sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

The global beauty and personal care products market size was estimated at USD 518.56 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.7% from 2023 to 2030.

Skin Care Market Analysis & Forecast

The global skin care market size was estimated at USD 176.29 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030. Escalating demand for face creams, sunscreens, and body lotions across the globe is expected to positively impact the growth. Moreover, the flourishing e-commerce sector is anticipated to boost market growth further. The COVID-19 pandemic had a devastating impact on the beauty and cosmetics industry. Store closures due to strict lockdown measures resulted in disastrous consequences, with sales decreasing by 60-70% from March to April 2020 globally. The companies responded positively to the crisis by addressing and increasing their production capacities offering hand sanitizers and cleaning agents, as consumers spent less on beauty and grooming products.

Face creams and moisturizers are gaining increasing popularity globally, as people are becoming more conscious of their physical appearance along with being more concerned about skin disorders and malignancies. Furthermore, with a rising number of consumers opting for cruelty-free products due to their increased consciousness regarding animal welfare and the environment, the demand for vegan or blends of plant-based ingredients in these products has increased.

Hair Care Market Analysis & Forecast

The global hair care market size was estimated at USD 119.13 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030. Consumers have become more conscious about the health and appearance of their hair. Concerns such as hair damage, dryness, dandruff, hair loss, and scalp issues have been driving the demand for hair care products over the last few years. Hair care brands continually invest in research and development to introduce innovative formulations, ingredients, and technologies. These advancements lead to the creation of new and improved products that offer enhanced benefits, such as nourishment, repair, and protection for different hair types and concerns.

Order Free Sample Copy of Beauty And Personal Care Products Industry Data Book, published by Grand View Research

Color Cosmetics Market Analysis & Forecast

The global color cosmetics market size was estimated at USD 105.67 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 8.7% from 2023 to 2030. Rising spending on personal grooming, changing lifestyle, and improved purchasing power among women are among the factors driving the market. Countries such as U.S., Germany, China, India, and Brazil are some of the key markets. High investment on advertising and marketing initiatives including promotions on social networking platforms and endorsements by celebrities have increased brand awareness and visibility among the consumers. Expansion of the digital marketing has been an important driver of this industry. Manufacturers are collaborating with the social influencers for their marketing and press strategies. This strong digital campaign has been shifting the shopping behavior of the consumers towards the e-commerce portals.

Instagram, YouTube, Facebook, Twitter, Pinterest, and the Beauty Blogs are the main digital marketing channels, which are influencing the consumers to try new cosmetic products. For instance, the Google search for “foundation for me” has been doubled during 2013 to 2018. Thus, the digital platform is a crucial marketing tool for the producer, where they directly interact with the consumers.

Fragrances Market Analysis & Forecast

The global fragrance market size was valued at USD 43.24 billion in 2022 and is anticipated to register a CAGR of 6.4% during the forecast period. The rising importance of personal hygiene and grooming among both men and women is expected to remain one of the key driving factors. Also, increasing awareness regarding physical fitness among adults has increased the number of gym-goers and thus, in turn, will promote the demand for body odor controller products, such as deodorants.

Deodorants and perfumes have seamlessly become essential day-to-day personal care products, playing a significant role in personal grooming. Urbanization coupled with the improving living standards among middle-class income groups of developing countries including India, Thailand, China, Vietnam, Brazil, and Argentina is anticipated to expand the scope of growth. Moreover, rising demand for exotic and floral scents majorly from the young and teenage consumers is expected to remain a favorable factor for the industry.

Go through the table of content of Beauty And Personal Care Products Industry Data Book to get a better understanding of the Coverage & Scope of the study.

Beauty And Personal Care Products Industry Data Book Competitive Landscape

The manufacturers adopt a variety of strategies, including acquisitions, the introduction of new products, partnerships, and the bolstering of their distribution networks, to achieve maximum company growth and a strong marketplace. Manufacturers of beauty and personal care products goods intend to strengthen their market positions by expanding their clientele. Therefore, major market players are pursuing mergers, acquisitions, and other strategic initiatives to achieve business development in the regional market.

Key players operating in the beauty and personal care products industry are –

• Unilever
• The Estée Lauder Companies Inc.
• Shiseido Co., Ltd.
• Revlon
• Procter & Gamble
• L'Oréal S.A.
• Coty Inc.
• Kao Corporation
• Avon Products, Inc.
• Oriflame Cosmetics S.A.
• Beiersdorf AG
• L’Occitane International SA
• Colgate-Palmolive
• Mary Kay Inc.
• Amway Corporation
• Chanel
• Henkel AG & Co. KGaA
• LVMH (Moët Hennessy Louis Vuitton)
• The Body Shop
• Oriflame Cosmetics
• Natura & Co

Tuesday 17 October 2023

Immersive Media Industry Analysis and Trends Report | Global Data Book To 2030

 Immersive Media Industry

 

Global immersive media industry data book covers augmented reality, metaverse and virtual reality market, whichj is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

The global Immersive Media market size was valued at USD 86.02 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 36.3% from 2022 to 2030.

Augmented Reality Market Analysis & Forecast

The global augmented reality market size was valued at USD 25.33 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 40.9% from 2022 to 2030. The surge of interest among leading market players such as Google LLC, Microsoft Corporation, Apple, Inc., and others in employing augmented reality (AR) in numerous applications is creating new opportunities. Additionally, the market in media and entertainment is increasing, such as with the rising use of AR in the gaming sector to give participants a view with highly effective video, graphics, and sound, which is anticipated to be a major growth factor.

Augmented reality provides interactive experiences through various sensory modalities, such as somatosensory, visual, auditory, haptic, and others. This technology has numerous applications in education, training, and entertainment. Furthermore, it is increasingly being used in industries such as logistics, healthcare, and manufacturing for monitoring, assistance, maintenance, and training.

North America accounted for the largest revenue share of nearly 35.0% in 2022 and is estimated to record a significant growth rate during the forecast period as the region is home to several leading technology companies, such as Google LLC, and Microsoft, among others. Asia Pacific is expected to record a CAGR of above 40.0% from 2023 to 2030 with increasing usage of internet-based platforms across various regional countries, including Japan and Australia. Asia Market is estimated to proliferate during the forecast period. The burgeoning logistics, manufacturing, gaming, and automotive industries are expected to fuel regional market growth.

Order Free Sample Copy of “Immersive Media Industry Data Book - Augmented Reality, Metaverse and Virtual Reality Market Size, Share, Trends Analysis, And Segment Forecasts, 2022 - 2030” Data Book, published by Grand View Research

Metaverse Market Analysis & Forecast

The global metaverse market size was estimated at USD 38.85 billion in 2021. It is expected to grow at a compound annual growth rate (CAGR) of 39.4% from 2022 to 2030. Major factors expected to drive the revenue growth include a growing focus on integrating digital and physical worlds using the Internet, increasing momentum and popularity of Mixed Reality (MR), Augmented Reality (AR), and Virtual Reality (VR), and the outbreak of COVID-19, as well as the situation’s subsequent developments and outcomes.

The metaverse is a term used to describe a highly immersive 3D virtual world experience obtained through the use of a mixture of technologies such as AR, VR, and MR. The metaverse platform elevates the internet experience by establishing a virtual world in which users can engage in immersive gaming, conduct business, socialize, buy and sell virtual real estate, and enjoy immersive entertainment, among other things.
North America is likely to account for the largest revenue share of 44.6% in 2022 owing to the customers and users in the region that are adopting the new and more complex technology. The Asia Pacific region is expected to register a very strong CAGR over the forecast period. The virtual metaverse marketplaces and gaming platforms offer an immersive experience where users can participate in live and concurrent activities powered by their chosen third-party apps.

Virtual Reality Market Analysis & Forecast

The global virtual reality (VR) market size was estimated at USD 21.83 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 15.0% from 2022 to 2030. Virtual reality enables users to experience a three-dimensional environment in the real world. This immersive experience for consumers is created by VR technology through gadgets, such as VR headsets, glasses or gloves, and bodysuits. VR technology has also transformed the gaming and entertainment sectors by enabling users to engage themselves in a highly simulated environment. Furthermore, the increasing use of virtual reality (VR) in instructional training, such as for field workers, engineers, mechanics, pilots, defense personnel, and technicians in various industrial sectors, is propelling the market’s growth.

However, the increasing need for businesses to continue their business activities online resulted in an increased demand for VR. Companies moved to virtual platforms to continue their business activities, such as holding meetings and developing policies & strategies. Event organizers provided visitors with engaging and diverse experiences by holding the event on a virtual platform and offering it as a VR experience. As a result, the growing prominence of virtual events is driving market growth. The increasing use of VR applications in the architecture and planning sector is another factor expected to drive market growth. The use of virtual reality (VR) technology in architecture aids in decision-making and visualizing the effects of suggested urban designs and architectural plans.

Asia Pacific accounted for the largest revenue share of over 39% in 2022. The regional market growth can be attributed to countries, such as China, that are major producers and suppliers of VR-related hardware. Europe is estimated to emerge as the fastest-growing regional market with a CAGR of over 29.3% during the forecast period. This is due to the widespread deployment of VR technology in a variety of applications across several industry sectors, particularly in the gaming and automobile industries.

Go through the table of content of Immersive Media Industry Data Book to get a better understanding of the Coverage & Scope of the study.

Immersive Media Industry Data Book Competitive Landscape

The key market players in the Immersive Media industry bear expertise in the Immersive Media industry and have a strategic presence across the globe. This, in turn, has enabled these companies to successfully defend their position in the market. Several market players operating in the immersive media industry have launched several new products in recent years. For instance, in DecUnity Technologies introduced Meta Audience Network for in-app bidding access in Unity Mediation, a part of Unity Ads.

Key players operating in the immersive media industry are –

• Meta Platforms, Inc.
• Tencent Holdings Ltd.
• NetEase, Inc.
• Nvidia Corporation
• Unity Technologies, Inc.
• Microsoft Corporation
• Samsung
• HTC Corporation
• Alphabet Inc.
• Qualcomm Inc.
• Vuzix

Monday 16 October 2023

Car Wash & Detailing Services Industry To Rise As Of Increasing Number Of Vehicles On The Road And Rising Disposable Income Levels

  

Car Wash & Detailing Services Industry

 

Global car wash & detailing services industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

The global car wash & detailing service market size was estimated at USD 68.70 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2030.

Car Wash Services Market Analysis & Forecast

The global car wash service market size was estimated at USD 30.8 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.0% from 2023 to 2030. As environmental restrictions forbidding residential car washing techniques become more stringent, the customer base for professional car washes is expected to rise, fueling the demand for these services. In addition, growing consumer interest in automobile maintenance is one of the major factors driving the market. Furthermore, due to the growing popularity of online shopping due to convenience and flexibility, industry players are increasingly focusing on e-tailing.

AMP, a 100% managed, ready-to-go membership platform, was created by a leading mobile application developer in collaboration with Autowash, a high-growth, multi-location car wash firm, and can enhance car wash income by 20%. The AMP platform will be unveiled at the Southwest Car Wash Association Conference in Fort Worth, Texas, from June 9 to 11, 2021. On-demand vehicle wash services are also changing due to ongoing technological advancements. The main purpose of improving car wash technology is to reduce friction and manual vehicle preparation time, resulting in cleaner, drier vehicles in less time. Touchless car washing and hybrid car washing are two technologies that are moving the business forward.

North America dominated the global market, accounting for more than 50.00% of the revenue share in 2022. Europe has regulated this market in countries like Germany and the UK, addressing their environmental concerns like water conservation. The Germany car wash services market was estimated at USD 1.93 billion in 2022. The Asia Pacific car wash services market is likely to gain traction due to the rise in the adoption of different technologies in the region.

Order Free Sample Copy of “Car Wash & Detailing Services Industry Data Book”, published by Grand View Research

Car Detailing Services Market Analysis & Forecast

The global car detailing services market size was valued at USD 37.91 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. Increased advancements in innovations and the rise in awareness regarding vehicle maintenance are attracting customers to car detailing service centers. The global market is also witnessing a new trend of on-demand services, with key service providers operating across the globe developing new strategies to better serve their customers. This helps the service providers expand their business as it enables users to arrange car polishing, tire dressing, car washing, and additional services at the time of need at any location.

The COVID-19 pandemic had a significant impact on the global market. Car wash service providers were negatively affected due to less usage of cars by people and the worldwide lockdown imposed to curb the spread of COVID-19. Although more people realized the need to sanitize and disinfect surfaces to keep them away from the virus, car users started to invest more in sanitizing the interior of their cars. The trend of increased focus on hygiene has increased disposable income, and continuous improvement in the services provided is boosting the growth of the market.

 

Operators of on-demand car washes are starting to gain traction. Constantly changing weather dynamics, new technologies, and equipment, coupled with the growing automobile industry across the globe, have improved car detailing processes. To make it easy for consumers, car wash companies have started using smartphone apps, digital payment systems, and online bookings. This is expected to enable service providers to expand their consumer reach and serve tech-savvy consumers.

North America dominated the global car detailing services market with a share of over 39% in 2022. Due to the region's increasing appreciation for an improved exterior look and sanitation among vehicle owners, car detailing is widely valued throughout North America. Asia Pacific region is posed to register the fastest CAGR of about 6.7%. This was mostly attributed to the increase in sales of passenger cars and the development of consumer awareness of vehicle hygiene. Due to the region’s expanding sales of high-end and luxury vehicles, which will increase demand for car detailing, the Asia Pacific region is expected to grow during the projection period.

Go through the table of content of Car Wash & Detailing Services Industry Data Book to get a better understanding of the Coverage & Scope of the study.

Car Wash & Detailing Services Industry Data Book Competitive Landscape

Service providers in the market are proactively undertaking significant initiatives to enhance customer service and satisfaction. Numerous small- and medium-sized car wash and detailing service operators are concentrating on launching new products, expanding service offerings, and engaging in mergers and acquisitions to effectively compete on a global scale.

Key players operating in the car wash & detailing services industry are –
• Zips Car Wash
• Splash Car Wash
• International Car Wash Group (ICW)
• Autobell Car Wash
• Quick Quack Car Wash
• Super Star Car Wash
• True Blue Car Wash, LLC
• Magic Hands Car Wash
• Hoffman Car Wash
• Wash Depot Holdings Inc.
• 3M Company
• Splash Car Wash
• Autobell Car Wash, Inc.
• AutoKorrect
• Elite Detailing & Protection
• M-PIRE Auto Detailing
• Oasis Car Detailing
• Delta Sonic
• HERRENFAHRT
• Action Car Detailing

Leather Goods Industry Is Projected To Grow As Of Increase In Consumer Disposable Income, And The Rise In Domestic And International Tourism

 Leather Goods Industry

Leather goods industry data book covers leather handbags, small leather goods/ accessories, leather apparel, leather footwear, leather home decor & furnishing, leather pet accessories and leather automotive accessories market.

Global leather goods industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

The global leather goods market size was valued at USD 242.85 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030.

Leather Handbags Market Analysis & Forecast

The global leather handbags market size is expected to reach USD 37.32 billion in 2022 and is projected to register a CAGR of 6.8% during 2023-2030. The market is gaining popularity due to the rising demand from the millennial population. Brands such as Gucci, Prada, and Louis Vuitton are popular among both men and women across the globe. Evolving trends such as the introduction of new colorful leather handbags available in different shapes and sizes are expected to boost this segment’s growth. With a busy life and hectic work schedule, consumers are looking for a leather tote that is elegant, fashionable, and trendy as well as enables them to carry all their daily essentials hassle-free. Tote bags are quite spacious and can be used for both formal and casual occasions.

Small Leather Goods/ Accessories Market Analysis & Forecast

The global leather goods/ accessories market size is expected to reach USD 21.79 billion in 2022 and is projected to register a CAGR of 5.8% during 2023-2030. The growth of the small leather goods market is propelled by the increasing demand for fashionable small leather accessories such as wallets, phone covers, watch straps, and pouches. Consumers are seeking highly durable and sleek leather accessories to meet their needs. Leather wallets and pouches are popular choices for everyday cash storage due to their durability and style. Unlike hard materials such as nylon or plastic that can cause discomfort, leather remains smooth even when folded, making it more comfortable to carry in one's pocket.

Leather Apparel Market Analysis & Forecast

The global leather apparel market size is expected to reach USD 42.84 billion in 2022 and is projected to register a CAGR of 6.0% during 2023-2030. Continuously evolving personal grooming as well as fashion habits among men and women along with the subsequent demand for comfort wear, has been driving this market growth. Rising product availability with a range of unique designs, color combinations, prints, and customized designs in leather shirts for men has been driving segment growth. Furthermore, the increased preference among men for leather shirts that are lightweight and come with customized designs to add distinction to the clothing has resulted in higher penetration of leather shirts for men.

Order Free Sample Copy of Leather Goods Industry Data Book, published by Grand View Research

Leather Footwear Market Analysis & Forecast

The global leather footwear market size is expected to reach USD 95.37 billion in 2022 and is projected to register a CAGR of 7.0% during 2023-2030. The growth is attributed to the growing working-class population, rising income among consumers, flourishing retail e-commerce sector worldwide, growing fashion trends in business wear. Leather shoes are durable and provide an elegant look making it popular among various consumers. The breathable features of real leather which can cool down the feet and avoid unwanted odors is also driving the growth of the product in the market.

Leather footwear market is closely aligned with consumer spending on fashion accessories. Rapid growth in the spending on fashion accessories due to growing influence of social media is driving the market. Recent changes in consumer shopping trends and increasing propensity toward buying high-end and designer shoes are estimated to trigger the growth. Demand for trendy, fancy, and comfortable footwear is driving the demand.

Europe held the largest market share of 31.0% in 2018. High importance of footwear in European countries is anticipated to drive the growth. U.K. accounted for approximately 13.0% of the market share in 2018. In the U.K., leather footwear accounts for 49.0% of the total footwear market. Asia Pacific is the fastest growing market with a CAGR of 5.1% from 2019 to 2025.

Leather Home Decor and Furnishing Market Analysis & Forecast

The global leather home decor and furnishing market size is expected to reach USD 16.64 billion in 2022 and is projected to register a CAGR of 5.3% during 2023-2030. Increasing expenditure of people on home furnishing and renovation has been a factor driving the leather home decor & furnishing market growth. According to the International Monetary Fund, the global housing market has been steadily climbing up as of 2022. Another important factor is the housing index, which reflects changing prices of residential properties. The leather furniture segment includes a diverse range of products like dining sets, rocking chairs, and recliner chairs. The market for leather furniture involves a myriad range of regional and domestic manufacturers globally, and each player, to create a unique position in the market and to sustain customers, has been focusing on continuous product evolutions.

Leather Pet Accessories Market Analysis & Forecast

The global leather pet accessories market size is expected to reach USD 1.10 billion in 2022 and is projected to register a CAGR of 4.4% during 2023-2030. High demand for pet care products & boarding services, coupled with a rise in the adoption of pets, is estimated to drive the leather pet accessories market growth. According to American Pet Products Association, people in the country spent over USD 136.8 billion on pets in 2022, a significant increase from USD 123.6 billion in 2021. In addition, increasing government animal healthcare organizations and rising awareness of veterinary health are swiftly boosting the investment by manufacturers in pet toys in the market. Moreover, according to the 2019-2020 APPA National Pet Owners Survey, 67% of U.S. households own a pet, which equates to 84.9 million homes.

Leather Automotive Accessories Market Analysis & Forecast

The global leather automotive accessories market size is expected to reach USD 27.79 billion in 2022 and is projected to register a CAGR of 7.3% during 2023-2030. Increasing automobile production coupled with the growing requirement for sophisticated and alluring interiors is driving the leather automotive accessories market growth. Unlike leather used in luggage or apparel, the leather used in automotive interiors needs to be harder and durable enough to resist stains, fading, and people sliding across. Automotive leather can be of various types and comes in different styles like aniline, semi-aniline, and pigmented (coated/protected) leather. Among these, pigmented leather is used in most automobiles. On the other hand, aniline and semi-aniline leather types are a little expensive and mostly found in higher-end vehicles and older specialty vehicles.

Go through the table of content of Leather Goods Industry Data Book to get a better understanding of the Coverage & Scope of the study.

Leather Goods Industry Data Book Competitive Landscape

Key players are concentrating on strategic measures such as product launches, acquisitions, sponsoring events, collaborations, participating in industry events, and expanding their operations to bolster revenue growth and strengthen their global market position.

Key players operating in the leather goods industry are –

• Adidas AG
• Nike, Inc.
• Puma SE
• Fila, Inc.
• New Balance Athletics, Inc.
• Knoll, Inc.
• Samsonite International S.A.

Sunday 15 October 2023

Food Processing Equipment Industry Is Expected Grow Due To Rising Population, Increasing Disposable Income And Shift In The Consumer Shopping Behavior

  

Food Processing Equipment Industry

 

Food processing equipment industry data book covers hot food processing equipment, bakery processing equipment and meat processing equipment market.

Global food processing equipment industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research.

The economic value generated by the food processing equipment industry was estimated at approximately USD 44,842.6 million in 2020.

Hot Food Processing Equipment Market Analysis & Forecast

The global hot food processing equipment market size was valued at USD 20,824.8 million in 2021 and is expected to exhibit a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030. The rising demand for fast food and packaged food is expected to prompt manufacturers to expand their production capabilities, thereby augmenting the demand for hot food processing equipment during the forecast period.

The growing urban population in the U.S. has influenced food preferences, thereby boosting the processed food demand. Furthermore, the market in the U.S. is undergoing a transition owing to the COVID-19 pandemic as players in this space undertook strategic acquisition and capacity expansion to meet the increasing demand for food. Rising disposable incomes and a growing younger population with higher spending means is likely to drive the market for processed foods thereby aiding the industry growth. Preference for healthy meals and the rise of veganism among the younger population is projected to provide a good industry outlook, as food makers are likely to capitalize on the rising demand.

Asia Pacific led the market and accounted for 35.6% of the global revenue share in 2021. Europe emerged to dominate the food and beverage sector., Companies can take advantage of growth prospects because of the demand and supply of processed foods, as well as a robust and distributed network. Central & South American region is expected to witness a CAGR of 6.7% during the forecast period. The rapid urbanization in South Africa is expected to have a positive impact on the food & beverage industry, mainly on account of the changing food consumption trends.

Order Free Sample Copy of Food Processing Equipment Industry Data Book, published by Grand View Research

Bakery Processing Equipment Market Analysis & Forecast

The global bakery processing equipment market size was valued at USD 12,920.9 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2021 to 2028. Increasing demand for packaged food products, including frozen meals, snack foods, and ready-to-eat food products, owing to their convenience and shelf life is anticipated to drive the product demand over the forecast period. Changing consumer lifestyles and tastes have compelled food manufacturers to introduce new products in the market. However, these new product launches focused on catering to the changing demand for taste, flavor, and nutrients further add to the production complexity. This, in turn, is anticipated to drive the demand for advanced bakery processing equipment that can handle a wide variety of ingredients and perform several functions across the production line.

Growing industrialization, infrastructure development, and increased investments in the food and beverage sector are likely to generate positive growth possibilities in China. The food and beverage industry contributes considerably to China’s economy. As a result, increased GDP contributions from the industrial and food & beverage industries are expected to fuel the growth of the bakery processing equipment market over the projection period.
Asia Pacific accounted for the largest market share of 37.1% in terms of revenue in 2020. Central & South America accounted for the fastest market with a CAGR of 6.1%. The food & beverage industry has been significantly growing in this region owing to high investments.

Meat Processing Equipment Market Analysis & Forecast

The global meat processing equipment market was estimated at USD 10,283.9 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030. The rising investments in meat processing machinery coupled with technological advancements in meat processing equipment are anticipated to fuel the growth of the industry during the forecast period. Stringent regulations regarding selling, trading, and transporting meat under controlled conditions to avoid spoilage and proper maintenance of nutrient values are expected to drive the demand for meat processing equipment. High R&D expenditure has resulted in the development of new technologies, such as the integration of equipment used for different purposes, including slicing, blending, and grinding into one machine, to save transfer costs and maintain hygiene levels.

North America dominated the market and accounted for an 18.8% share of the global revenue in 2022. Europe is expected to be driven by the rising awareness of benefits associated with meat products, such as high protein content and immunity-boosting ability. Asia Pacific is expected to expand at a CAGR of 5.6% over the forecast period because of the growing population, with varying income levels and cultural diversions.

Go through the table of content of Food Processing Equipment Industry Data Book to get a better understanding of the Coverage & Scope of the study.

Food Processing Equipment Industry Data Book Competitive Landscape

The industry participants focus on research & development activities to develop new technologies for energy-effective and sustainable food processing equipment. Along with R&D, key players also focuses on various strategies to expand the business and gain a competitive edge over their peers. Strategies adopted by the companies usually include joint ventures, partnerships, mergers & acquisitions, product innovation, distribution agreements, and geographic expansion.

Key players operating in the food processing equipment industry are –

• GEA Group AG
• BAADER Group
• Bühler AG
• Alfa Laval
• Krones AG
• Marel
• JBT Corporation
• The Middleby Corporation
• Arenco AB
• Baker Perkins Limited

 

 

Friday 13 October 2023

Safari Tourism Industry To Grow Up Due To Increasing Disposable Income And The Rising Middle Class In Many Countries

 Safari Tourism Industry

 

Safari tourism industry data book covers adventure safari tourism and private safari tourism market.

Global safari tourism industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

The global safari tourism market size was valued at USD 25.44 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2030.

Adventure Safari Tourism Market Analysis & Forecast

The global adventure safari tourism market size was valued at USD 16.68 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. Adventure safaris are experiencing substantial growth due to the increasing demand from travelers, including millennials, for unique and immersive travel experiences. These safaris offer thrilling activities such as walking safaris and hot air balloon rides, going beyond traditional wildlife viewing. Travel companies and tour operators are capitalizing on this trend by introducing adventure safari packages to cater to the rising demand. For instance, in February 2023, Arabian Adventures, a leading destination management company and tour operator in the UAE, is responding to high demand by reintroducing an enhanced version of its Jeep Adventure Safari. The safari is designed to showcase the hidden gems of the UAE, with a curated itinerary that encompasses six key locations. The itinerary includes remarkable sites such as Camel Rock, Buhais Geology Park, Shawka Pools, Mleiha Archaeological Centre, the 'Valley of the Caves' at Al Faya Mountain, and Wadi Al Helo. This unique and immersive experience allows travelers to uncover the wonders of the UAE's natural and cultural heritage.

The allure of exploring breathtaking natural landscapes, encountering wildlife up close, and engaging in thrilling activities like game drives and bushwalks has resonated with adventure-seeking travelers. This growing interest in experiential travel is driving the growth of the adventure safari tourism market.
Group travel is a prominent trend in the adventure safari tourism market, with millennials showing a strong inclination towards group travel experiences. According to a recent study conducted by the Centre for the Promotion of Imports from developing countries (CBI), a division of the Ministry of Foreign Affairs of the Netherlands, it was found that 37% of millennials in Europe expressed a strong preference for group travel with friends in 2021.
Friend groups often exhibit common interests and preferences in seeking thrilling experiences, exploration, and embracing new challenges, making adventure safari activities an attractive choice for them to engage in enjoyable and boundary-pushing endeavors collectively.

Order Free Sample Copy of “Safari Tourism Industry Data Book - Adventure and Private Safari Tourism Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” published by Grand View Research

Private Safari Tourism Market Analysis & Forecast

The global private safari tourism market size was valued at USD 8.76 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. The private safari tourism segment is witnessing significant growth due to the increasing demand for exclusive and tailored experiences among travelers. Factors such as customization, exclusivity, luxury accommodations, personalized services, and expert guides are driving the growth of this segment, contributing to the overall expansion of the market. Tour operators are increasingly launching private safari tours to cater to the growing demand for personalized and exclusive experiences among travelers. These private tours offer a range of benefits, including customized itineraries, flexible schedules, and the opportunity to explore remote and pristine locations.

For instance, in March 2021, Augustine's Adventure Africa (AA Africa), one of the leading tour operators in Africa introduced enhanced and customizable tour packages for Tanzania, aiming to provide clients with an unforgettable and visually captivating experience. Their newly launched private adventure safari in Tanzania offers optional extensions to various destinations such as Zanzibar, Kenya, Rwanda, Uganda, South Africa, and Victoria Falls. The launch of private safari tours by tour operators reflects the industry's commitment to meeting the evolving preferences and expectations of discerning travelers, providing them with unique and tailored adventures in the wilderness.

The private safari tourism market has witnessed significant growth attributed to the increasing preference of friend groups for exclusive and customized travel experiences. This segment offers tailored itineraries, personalized services, luxury accommodations, and expert guides, catering to the specific interests and preferences of friends traveling together. The desire for privacy, flexibility, and the opportunity to bond and create lasting memories in a group setting has fueled the demand for private safari tours among friends. This trend is expected to drive the growth of the private safari tourism market in the coming years, as tour operators continue to develop and promote specialized offerings for this segment.

Go through the table of content of Safari Tourism Industry Data Book to get a better understanding of the Coverage & Scope of the study.

Safari Tourism Industry Data Book Competitive Landscape

In the dynamic safari tourism market, launching new tours and itineraries is essential for companies to maintain competitiveness and meet the evolving demands of travelers. It presents an opportunity to expand the customer base, target new market segments, and cater to diverse travel preferences. By offering fresh and distinctive experiences, safari tour operators can differentiate themselves from competitors, enhance customer satisfaction, and foster repeat business.

Key players operating in the safari tourism industry are –

• Abercrombie & Kent
• African Parks
• AndBeyond
• Big Five Tours & Expeditions
• Cheli & Peacock Safaris
• Classic Africa
• Gamewatchers Safaris
• Great Plains Conservation
• Intrepid Travel
• Ker & Downey Africa
• Kwando Safaris
• Natural Habitat Adventures
• Nomad Tanzania
• Ol Pejeta Conservancy
• Red Savannah
• Rhino Africa
• Safari Architects
• Safari365
• Sanctuary Retreats
• Singita
• Thomson Safaris