KSA and UAE Hand Tools Market 2022 expected to maintain this trend during the forecast period

The KSA and UAE hand tools market was valued at $363.20 million in 2019, and is projected to reach $476.80 million by 2027, registering a CAGR of 4.7% from 2020 to 2027. Hand tools constitute tools and equipment that are manually operated. These tools are generally used in application such as carpentry, plumbing, automobile servicing, gardening, agriculture and framing applications.

Major market players include in this report:

  • Channellock, Inc.
  • Chronos (Clarke Tools)
  • Illinois Tool Works Inc. (ITWIDS-TransTech)
  • King Tony
  • Knipex
  • Nabil Tools & Hardware
  • Snap-on Incorporated, Stanley Black & Decker, Inc.
  • TTI, Inc.
  • Vata Tools.

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  • The KSA and UAE Hand Tools Market report offers an in-depth study of the market on the basis of various prime parameters including sales, sales analysis, market size, and major driving factors.
  • The study includes Porter’s five forces model, financial analysis, portfolio analysis, and business overview of services and products.

Major companies in the market have adopted strategies such as business expansion, acquisition, and product launch to offer better products and services to customers in the KSA and UAE hand tools market.

In addition, the report offers a SWOT analysis including information regarding driving and restraining factors of the market growth. Such statistical tools provide vital information regarding understanding lucrative opportunities in the market. The report is essential for market players and new industry entrants to devise their strategies and leverage the opportunities in the market.

Get detailed COVID-19 impact analysis on the KSA and UAE Hand Tools Market@ https://www.alliedmarketresearch.com/request-for-customization/11456

The KSA and UAE Hand Tools Market report offers a comprehensive study of the dynamic factors including drivers, restraints, challenges, and opportunities. The drivers and opportunities aid to understand the rapidly changing industry trends and their impact on the growth of the market. In addition, the restraints and challenges help understand profitable market investments. The report includes quantitative and qualitative analyses of the market.

Covid-19 scenario:

The global  report includes an in-depth analysis of the impact of the Covid-19 pandemic on the market. Moreover, it helps the frontrunners in the industry to devise new strategies to gain a competitive edge over other companies and how to deal with sudden changes in value and supply chain without compromising the credibility of the business.

The report provides a study of the past and current market trends and evaluates the future opportunities. The KSA and UAE Hand Tools Market study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.

The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.

Related Report@ https://www.digitaljournal.com/pr/escalators-market-size-share-growth-and-global-forecast-to-2030

https://www.digitaljournal.com/pr/smart-bathroom-market-share-growth-trends-and-industry-forecast-to-2030-2

https://www.digitaljournal.com/pr/europe-interior-doors-market-size-growth-trends-and-analysis-by-2030

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Europe Awnings Market Steady Expansion & Comprehensive Growth By 2030  

According to a new report published by Allied Market Research, titled, Europe Awnings Market Size by Type, Product, and End User: Opportunity Analysis and Industry Forecast, 2020–2027,” the Europe Awnings Market size was valued at $2,090.0 million in 2019, and is projected to reach $2,529.3 million by 2027, registering a CAGR of 3.9% from 2020 to 2027.

  • The Europe Awnings Market report offers an in-depth study of the market on the basis of various prime parameters including sales, sales analysis, market size, and major driving factors.
  • The study includes Porter’s five forces model, financial analysis, portfolio analysis, and business overview of services and products.

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Major market players include in this report:

  • Commercial Awnings Limited,
  • Gibus, Markilux Gmbh,
  • Marquises,
  • MHZ Hachtel Gmbh & Co. KG,
  • Mitjavila,
  • Shades-Awnings,
  • Varisol,
  • Warema Renkhoff Se,
  • Weinor

The study of the market players covers the company overview, price analysis, and value chain, along with portfolio analysis of services and products. These players have adopted various strategies such as partnerships, new product launches, joint ventures, and mergers & acquisitions to maintain their foothold in the market.

In addition, the report offers a SWOT analysis including information regarding driving and restraining factors of the market growth. Such statistical tools provide vital information regarding understanding lucrative opportunities in the market. The report is essential for market players and new industry entrants to devise their strategies and leverage the opportunities in the market.

The Europe Awnings Market report offers a comprehensive study of the dynamic factors including drivers, restraints, challenges, and opportunities. The drivers and opportunities aid to understand the rapidly changing industry trends and their impact on the growth of the market. In addition, the restraints and challenges help understand profitable market investments. The report includes quantitative and qualitative analyses of the market.

Get detailed COVID-19 impact analysis on the Europe Awnings Market@ https://www.alliedmarketresearch.com/request-for-customization/11478

Covid-19 scenario:

The global report includes an in-depth analysis of the impact of the Covid-19 pandemic on the market. Moreover, it helps the frontrunners in the industry to devise new strategies to gain a competitive edge over other companies and how to deal with sudden changes in value and supply chain without compromising the credibility of the business.

The report provides a study of the past and current market trends and evaluates the future opportunities. The Europe Awnings Market study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.

The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.

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Jet Mill Market | Growth is expected in North America with launches and developments

According to a new report published by Allied Market Research, titled, “Jet mill market type and end user industry: global opportunity analysis and industry forecast, 2020–2027,” the global Jet mill market  size is expected to reach $185.7 million in 2027 from $138.7 million in 2019, growing at a CAGR of 4.9% from 2020 to 2027. In 2019, Asia-Pacific dominated the market, in terms of revenue, accounting for 40.0% share of the jet mill market.

Key Players:

  • Erich NETZSCH GmbH & Co.
  • Holding KG,
  • Fluid Energy Processing and Equipment Company,
  • Freund, Ltd.,
  • Hosokawa Micron Corporation,
  • Kurimoto, Ltd.,
  • Promas Engineers Private Limited,
  • Shandong Alpa Powder Technology Co., Ltd.
  • The Jet Pulverizer Company, Inc
  • Kunshan Unique Machinery Co., Ltd.
  • Midas Microtech Engineering Private Limited.

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Jet milling is a primary particle size reduction process, which utilizes compressed, high pressure air to generate high velocity collision between material particles that reduces its size. Jet mills are often used in chemicals, polymers, ceramics, and other industries for grinding friable material, which has the tendency to break into smaller pieces. Average particle size obtained from jet mills can range between 1 and 10 micron.

In addition, the Jet mill market report outlines upstream raw materials, marketing channels, downstream customer surveys, and industry development trends that provide vital information about manufacturing equipment suppliers, major distributors, raw materials suppliers, and major customers.

The Jet mill market report offers an in-depth study of the market on the basis of various prime parameters including sales, sales analysis, market size, and major driving factors. The study includes Porter’s five forces model, financial analysis, portfolio analysis, and business overview of services and products.

Get detailed COVID-19 impact analysis on the Jet mill market @ https://www.alliedmarketresearch.com/request-for-customization/11474

The study of the market players covers the company overview, price analysis, and value chain, along with portfolio analysis of services and products. These players have adopted various strategies such as partnerships, new product launches, joint ventures, and mergers & acquisitions to maintain their foothold in the market.

In addition, the report offers a SWOT analysis including information regarding driving and restraining factors of the market growth. Such statistical tools provide vital information regarding understanding lucrative opportunities in the market. The report is essential for market players and new industry entrants to devise their strategies and leverage the opportunities in the market.

The Jet mill market report offers a comprehensive study of the dynamic factors including drivers, restraints, challenges, and opportunities. The drivers and opportunities aid to understand the rapidly changing industry trends and their impact on the growth of the market. In addition, the restraints and challenges help understand profitable market investments. The report includes quantitative and qualitative analyses of the market.

Covid-19 scenario:

The global report includes an in-depth analysis of the impact of the Covid-19 pandemic on the market. Moreover, it helps the frontrunners in the industry to devise new strategies to gain a competitive edge over other companies and how to deal with sudden changes in value and supply chain without compromising the credibility of the business.

The report provides a study of the past and current market trends and evaluates the future opportunities. The Jet mill market study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.

The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.

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Next-Generation Industrial Metrology and Inspection Market 2030 | Size, Segmentation and industry Forecast

According to a new report published by Allied Market Research, titled, “Next-Generation Industrial Metrology and Inspection Market Size by Offering, Equipment, Application, and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The Next-Generation Industrial Metrology and Inspection Market Size is expected to reach $16,10 billion by 2030, from $8.12 billion in 2020, registering a CAGR of 6.9% from 2021 to 2030. Industrial metrology means the applications of manufacturing science to manufacturing and quality control, and inspection practices gets involved in manufacturing process. Industrial metrology has higher precision technology. It has features such as reducing operating cost, maximize accuracy and productivity, and higher inspection quality.

Major market players include in this report:

  • Hexagon AB,
  • Renishaw PLC,
  • Carl Zeiss AG,
  • FARO Technologies,
  • Jenoptik AG,
  • Automated Precision Inc,
  • KLA Corporation,
  • Applied Materials Inc,
  • Nikon Metrology,
  • Trimet Group

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The COVID 19 outbreak has affected the growth of the containment barrier industry owing to the lockdown measure in UK and delay in manufacturing and production of containment barrier which are utilized in industrial, residential, and commercial spaces.

In addition, the Next-Generation Industrial Metrology and Inspection Market report outlines upstream raw materials, marketing channels, downstream customer surveys, and industry development trends that provide vital information about manufacturing equipment suppliers, major distributors, raw materials suppliers, and major customers.

The Next-Generation Industrial Metrology and Inspection Market report offers an in-depth study of the market on the basis of various prime parameters including sales, sales analysis, market size, and major driving factors. The study includes Porter’s five forces model, financial analysis, portfolio analysis, and business overview of services and products.

Get detailed COVID-19 impact analysis on the Next-Generation Industrial Metrology and Inspection Market @ https://www.alliedmarketresearch.com/request-for-customization/12228

The study of the market players covers the company overview, price analysis, and value chain, along with portfolio analysis of services and products. These players have adopted various strategies such as partnerships, new product launches, joint ventures, and mergers & acquisitions to maintain their foothold in the market.

In addition, the report offers a SWOT analysis including information regarding driving and restraining factors of the market growth. Such statistical tools provide vital information regarding understanding lucrative opportunities in the market. The report is essential for market players and new industry entrants to devise their strategies and leverage the opportunities in the market.

The Next-Generation Industrial Metrology and Inspection Market report offers a comprehensive study of the dynamic factors including drivers, restraints, challenges, and opportunities. The drivers and opportunities aid to understand the rapidly changing industry trends and their impact on the growth of the market. In addition, the restraints and challenges help understand profitable market investments. The report includes quantitative and qualitative analyses of the market.

Covid-19 scenario:

The global Chillers report includes an in-depth analysis of the impact of the Covid-19 pandemic on the market. Moreover, it helps the frontrunners in the industry to devise new strategies to gain a competitive edge over other companies and how to deal with sudden changes in value and supply chain without compromising the credibility of the business.

The report provides a study of the past and current market trends and evaluates the future opportunities. The Next-Generation Industrial Metrology and Inspection Market study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.

The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.

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Industrial Floor Coating Market Registering a CAGR of 4.8% | Business Strategies, Opportunities, & Key Players Analysis

The global industrial floor coating market size was valued at $5,899.2 million in 2020, and is projected to reach $9,485.8 million by 2030, registering a CAGR of 4.8% from 2021 to 2030. Floor coatings are strong, protective coverings that are often utilized for industrial or commercial flooring when corrosion or excessive wear is expected. These floor coverings are also utilized to brighten or define facilities, direct traffic, and hide discolored concrete, among other things.

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  • The Industrial Floor Coating Market   report offers an in-depth study of the market on the basis of various prime parameters including sales, sales analysis, market size, and major driving factors.
  • The study includes Porter’s five forces model, financial analysis, portfolio analysis, and business overview of services and products.  

The Industrial Floor Coating Market   report offers a comprehensive study of the dynamic factors including drivers, restraints, challenges, and opportunities. The drivers and opportunities aid to understand the rapidly changing industry trends and their impact on the growth of the market. In addition, the restraints and challenges help understand profitable market investments. The report includes quantitative and qualitative analyses of the market.

Competition Analysis

Key companies profiled in the report include BASF SE, Cipy Polyurethanes Pvt. Ltd., Cornerstone Flooring, Don Construction Products Ltd., Fosroc, Inc., MAPEI S.p.A., RPM International Inc., Sika AG, Twintec Group Limited, and VIACOR Polymer GmbH. Product launch is the key strategy being adopted by leading players to remain competitive in the market. For instance, in December, 2019, BASF, a Germany-based multinational chemical company, launched MasterTop XTC solution, a high-performance flooring system with unique material characteristics and high durability.

Covid-19 scenario:

The global report includes an in-depth analysis of the impact of the Covid-19 pandemic on the market. Moreover, it helps the frontrunners in the industry to devise new strategies to gain a competitive edge over other companies and how to deal with sudden changes in value and supply chain without compromising the credibility of the business.

Get detailed COVID-19 impact analysis on the Industrial Floor Coating Market   @ https://www.alliedmarketresearch.com/request-for-customization/9303

The report provides a study of the past and current market trends and evaluates the future opportunities. The Industrial Floor Coating Market   study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.

The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.

Major market players analyzed in the report:

The report includes a comprehensive study of major market players including are

The study of the market players covers the company overview, price analysis, and value chain, along with portfolio analysis of services and products. These players have adopted various strategies such as partnerships, new product launches, joint ventures, and mergers & acquisitions to maintain their foothold in the market.

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Middle East Modularization Market  Emerging Analysis, Future Growth and Business Opportunities 2030

The Middle East Modularization Market size is expected to reach $747.1 million by 2028, from $492.1 million in 2020, registering a CAGR of 5.3% from 2021 to 2028.  Pipe spools, prefabricated pipes, pipe skids, and modules are the component used in modularization systems. Modularization system is connected using bolts, forge fittings, buttweld fittings, and flanges. They are being used for many reasons such as it reduces construction cost & time and has the ability to work in high temperature conditions.

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Key Finding of this Report:

  • The Middle East Modularization Market   report offers an in-depth study of the market on the basis of various prime parameters including sales, sales analysis, market size, and major driving factors.
  • The study includes Porter’s five forces model, financial analysis, portfolio analysis, and business overview of services and products.

Competition Analysis

  • Fluor Corporation
  • SHV Holdings N.V. (Mammoet)
  • Arabian International Company for Steel Structures, Larsen & Toubro Limited (L & T Piping Center)
  • ENKA INSAAT VE SANAYI (CIMTAS PIPE FABRICATION AND TRADING CO. LTD.)
  • YENA ENGINEERING B.V.
  • PROSAIC STEEL AND ALLOYS
  • Metal Forge India
  •  ChelPipe Group.

The Middle East Modularization Market   report offers a comprehensive study of the dynamic factors including drivers, restraints, challenges, and opportunities. The drivers and opportunities aid to understand the rapidly changing industry trends and their impact on the growth of the market. In addition, the restraints and challenges help understand profitable market investments. The report includes quantitative and qualitative analyses of the market.

Covid-19 scenario:

The global report includes an in-depth analysis of the impact of the Covid-19 pandemic on the market. Moreover, it helps the frontrunners in the industry to devise new strategies to gain a competitive edge over other companies and how to deal with sudden changes in value and supply chain without compromising the credibility of the business.

Get detailed COVID-19 impact analysis on the Middle East Modularization Market   @ https://www.alliedmarketresearch.com/request-for-customization/12739

The report provides a study of the past and current market trends and evaluates the future opportunities. The Middle East Modularization Market   study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.

The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.

Major players analyzed in the report:

The report includes a comprehensive study of major market players including are

The study of the market players covers the company overview, price analysis, and value chain, along with portfolio analysis of services and products. These players have adopted various strategies such as partnerships, new product launches, joint ventures, and mergers & acquisitions to maintain their foothold in the market.

Make Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/12739

Concrete Market Analysis, Growth Opportunities, Future Demand And Leading Players Updates By Forecast 2022–2030

The Concrete Market  manufactured in batches at a central plant instead of mixing it on the job site. It is then transported to job site generally using mobile concrete trucks or trailers. In addition, precast products include paving stones & slabs, bricks, AAC blocks, and other similar products that are generally manufactured in bulk quantity, whereas precast element includes façade, floor, building blocks, pipe, and other similar products. These elements are generally used in construction of large infrastructures such as bridges and water management systems.

Major Key Player include in this report:

  • CEMEX, S.A.B. de C.V.
  • CRH, Forterra
  • Heidelbergcement AG
  • Holcim, Shay Murtagh Precast Ltd
  • Sika AG
  • Votorantim S.A.
  • Weckenmann Anlagentechnik GmbH & Co. KG,

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Key Finding of this Report:

  • The Concrete Market  report offers an in-depth study of the market on the basis of various prime parameters including sales, sales analysis, market size, and major driving factors.
  • The study includes Porter’s five forces model, financial analysis, portfolio analysis, and business overview of services and products.  

The Concrete Market  report offers a comprehensive study of the dynamic factors including drivers, restraints, challenges, and opportunities. The drivers and opportunities aid to understand the rapidly changing industry trends and their impact on the growth of the market. In addition, the restraints and challenges help understand profitable market investments. The report includes quantitative and qualitative analyses of the market.

Covid-19 scenario:

The global report includes an in-depth analysis of the impact of the Covid-19 pandemic on the market. Moreover, it helps the frontrunners in the industry to devise new strategies to gain a competitive edge over other companies and how to deal with sudden changes in value and supply chain without compromising the credibility of the business.

The report provides a study of the past and current market trends and evaluates the future opportunities. The Concrete Market  study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.

Get Customization Report: https://www.alliedmarketresearch.com/request-for-customization/12785

The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.

Major market players analyzed in the report:

The report includes a comprehensive study of major market players including are

The study of the market players covers the company overview, price analysis, and value chain, along with portfolio analysis of services and products. These players have adopted various strategies such as partnerships, new product launches, joint ventures, and mergers & acquisitions to maintain their foothold in the market.

Related Report: https://www.digitaljournal.com/pr/escalators-market-size-share-growth-and-global-forecast-to-2030

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https://www.digitaljournal.com/pr/europe-interior-doors-market-size-growth-trends-and-analysis-by-2030

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Travel Retail Market Size in Europe To Grow At Rate Of 7.2% Through 2025, and is Projected to Reach $39.60 billion

Allied Market Research recently published a report, titled, “Europe Travel Retail Market by Product (Perfume & Cosmetics; Wine & Spirit; Electronics; Luxury Goods; Food, Confectionery & Catering; Tobacco; and Others) and Channel (Airport; Cruise Liner; Railway Station; and Border, Downtown, & Hotel Shop): Opportunity Analysis and Industry Forecast, 2018–2025″. Europe travel retail market accounted for $23.03 billion in 2017 and is projected to garner $39.60 billion by 2025, registering a CAGR of 7.2% from 2018 to 2025.

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The key drivers of the Europe travel retail market include an improved consumer lifestyle toward clothes, luxury products, high-end fragrances, and cosmetics, an increase in disposable income, and a rapid growth in urbanization. However, the rise in terrorism and crime as well as strict government regulations, particularly for airport shopping, restrain industry expansion. On the other hand, increased efforts to grow the region’s travel and tourism sector are anticipated to open up profitable chances soon.

The travel retail market has witnessed steady growth in the recent years. Europe is one of the largest travel markets in the world. The adoption of branded & premium clothing, exotic fragrances, and organic skincare products witnessed significant growth, owing to increase in population and economic stability.

Perfumes & cosmetics segment dominated the market

The perfumes & cosmetics segment held the lion’s share , contributing nearly one-third of the total market, owing to rise in travel & tourism due to increase in disposable income, change in lifestyle among consumers, and rapid urbanization. However, the luxury goods segment is expected to manifest the fastest CAGR of 9.5% during the forecast period, early adoption of premium lifestyle and huge growth potential in the developing market. The report also includes an in-depth analysis of the other segments such as food, confectionery & catering, electronics, wine & spirits, luxury goods, tobacco, and others.

Border, down-town & hotel shops segment to register fastest CAGR by 2025

The border, downtown & hotel shops segment is projected to register the fastest CAGR of 7.6% during the forecast period, owing to its price advantages due to variations in tax and currency fluctuation and availability of a wide range of products for customers. However, the airports segment held the largest share, accounting for nearly three-fifths of the total market, owing to large number of captive consumers.  The report offers analysis of the other segments such as cruise liners and railway stations.

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U.K. held the largest share

The market across the U.K. held the largest share , contributing more than one-fourth of the market, owing to its stronger base of luxury products and presence of some of the biggest apparels and cosmetics brands. However, the market across Germany is expected to portray the fastest CAGR of 10.8% during the forecast period. The report includes analysis of the market across other regions such as France, Italy, Spain, and rest of Europe.

Furthermore, Europe is one of the largest travel retail markets, owing to its stronger base of luxury products. It is anticipated to experience notable growth at a CAGR of 7.2% during the forecast period. The region possesses some of the biggest apparels and cosmetics brands, namely, LVMH from France and H&M from Sweden, which hold a significant share in the luxury apparels, perfumes, and cosmetics sector, thereby making it one of the leading travel retail market. Wealthy tourists from the Middle East, China, the U.S., and Russia contribute significantly toward the growth of the European travel retail market. Being the historical home to most of the luxury houses, Europe’s market accounts for nearly $23 billion of the travel retail sector.

Key Finding

  • The luxury goods segment is expected to experience growth at a CAGR of 9.5% during the forecast period.
  •  Airports segment accounted for more than half share of the market in 2017, and is estimated to grow at CAGR of 7.2%.
  • Germany accounted for a prominent market share in 2017, and is anticipated to grow at the highest CAGR of 10.8%.

Key market players

Europe travel retail market report provides in-depth analysis of the major market players such as daa Plc., Autogrill S.p.A., Flemingo International Ltd., Dufry AG, Lagardère SCA, Gebr. Heinemann SE & Co. KG, RegStaer, LVMH Group, TRE³, and WH Smith PLC.

Related Report :

Corporate Travel Security Market

Travel Bag Market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

U.S. Corporate Event Market Is Expected To More Than Double by 2030, Reaching $510.9 billion

quote tourism industry players focus on five key areas. These include encouraging high-quality tourism experiences, including indigenous tourism, limiting regulatory burden on industry, undertaking marketing campaigns, and working with industry to support the development of tourism infrastructure to drive the demand. quote

According to a new report published by Allied Market Research, titled, “U.S. corporate event market by event type and industry: global opportunity analysis and industry forecast, 2021–2030,” the U.S. corporate event market size is expected to reach $510.9 billion by 2030 at a CAGR of 17.3% from 2021 to 2030.

The U.S. corporate event market generated revenue of $95.3 billion in 2020, and is expected to grow at a CAGR of 17.3% to reach $510.9 billion by 2030. Giant corporate companies organize various events to create strategies, celebrate success, or make new international standards. Their event managers either arrange for an event by themselves or prefer external services. Events organized by corporate companies include trade shows, grand ceremonies, team-building activities, induction programs, and annual function.

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Trade shows are a crucial part of marketing strategies, as they allow brands to present their products, target customers, and find new business partners. In the recent years, there has been continuous increase in the popularity of trade shows, hence, they are mostly organized on huge venues. Furthermore, grand ceremonies include conferences and corporate galas. In team-building events, the major aim is to build a strong relationship and trust among the team members. Furthermore, induction programs are held in the beginning of the month—the most common start date for newly hired employees.

 Therefore, the corporate sector offers various opportunities for the event management companies to organize events, contributing to huge revenue generation, which, in turn, augments the growth of the U.S. corporate event industry. The growth of the corporate events industry is majorly driven by upsurge in frequency of corporate meetings, conferences, tradeshows/exhibitions, and other events. Furthermore, the deployment of best-in-class technology that can handle the entire event propels the industry growth.

Some industry sectors such as hotel and transportation industries are directly involved in the corporate event market. These industries may benefit from the corporate event business by offering their services and facilities to the planners and attendees of corporate events. Hotels are the key suppliers, and serve as the major beneficiaries. The development of the travel & tourism industry plays a significant role in the growth of the corporate event market. The factors that further promote the growth of the U.S. market include changes in lifestyle, rise in promotion of tourism, and increase in accessibility of transport facilities. The current trend of online booking option for transportation & accommodation service has increased the convenience of the business travelers, which is anticipated to significantly contribute toward the growth of the corporate event market.

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By event type, the market is segmented into conference/seminar, trade shows/exhibition, incentive programs, company meetings, and others. The company meetings segment is estimated to exhibit the highest CAGR of 18.9% in the U.S. corporate event market during the forecast period. This is attributed to the development of the travel & tourism industry, surge in international business travels, and expansion of the information technology sector.

By industry, the market is segregated into banking & finance sector, information technology, real estate & infrastructure, automotive, insurance, and others. The information technology segment held the major share of 33.3% in the U.S. corporate event market in 2020, owing to the fact that many IT companies such as Apple, Oracle, Dell, Amazon, Facebook, IBM, Qualcomm, and Microsoft are headquartered in the U.S, which is the largest tech market across the globe, which contributes 32% of the total share in the technology market for 2020.

Thus, all these factors indirectly impact the growth of the U.S. corporate event market during the forecast period. State wise, New York accounted for a significant market share in 2020. The priorities of attendees attending corporate event in New York is networking (82%), learning (71%), and entertainment (38%).

Tourism is one the growing sectors, which is expected to drive the future prosperity of New York. According to a report published by the Tourism New York, the state welcomed a record of 67 million visitors in 2019, which has directly impacted the economy of the state.

Players operating in the U.S. corporate event market have adopted various developmental strategies to expand their market share, exploit the U.S. corporate event market opportunities, and increase profitability in the market. The key players profiled in this report include 360 Destination Group, Access Destination Services, BCD Travel Services B.V., BI Worldwide, CWT, Cievents, Creative Group, Inc., ITA Group, Maritz Holdings, Inc., and Reed Exhibitions Ltd.

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Key findings of the study 

  • The U.S. corporate event market was valued at $95.3 billion in 2020, and is estimated to reach $510.9 billion by 2030, growing at a CAGR of 17.3% during the forecast period. 
  • By event type, the automotive segment is estimated to witness the fastest growth, registering a CAGR of 18.8% during the forecast period.
  • In 2020, depending on the industry, the information technology segment was valued at $31.8 billion, accounting for 33.3% of the U.S. corporate event market share. 
  • In 2020, the New York was the most prominent market in U.S., and is projected to reach $77.1 billion by 2030, growing at a CAGR of 16.7% during the forecast period.

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Anti-Foaming Agent Market Size, Business Revenue, Major Companies, Strategies, New Trends and Forecast, 2030

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