The Tracksuit Market is Anticipated to Continue its Strong Growth, Expanding at a CAGR of 7.6 % by 2030

As per the report published by Allied Market Research, the global tracksuits market generated $8.68 billion in 2020, and is expected to reach $17.98 billion by 2030, growing at a CAGR of 7.6% from 2021 to 2030.

Rise in participation of consumers in physical fitness activities, increase in number of millennials, and shift in trend toward athleisure wear have boosted the growth of the global tracksuits market. However, volatile cost of raw materials and availability of counterfeit brands hinder the market growth. On the contrary, surge in trend of premiumization and increase in promotional activities & initiatives by various organizations are expected to open lucrative opportunities for the market players in the future.

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According to the CXOs of leading companies, rise in health and wellness trend around the globe is one of the key factors in driving the demand for global tracksuits market. With rise in demand for various athleisure products incurring from the target segments, companies have been initiating several key mergers and acquisition in the view of generating revenue from the tracksuits segment. For instance, in 2018, JD Sports announced the acquisition of the U.S. retailer Finish Line for $558 million. Finish Line is one the largest retailers of premium multi-branded athletic footwear, apparel, and accessories in the U.S. Apart from merger and acquisition, companies have been strategizing on expanding the operations to cater to the surging demand for athleisure products. For instance, high-end athleisure company, Hylete agreed to acquire rival Gracedbygrit in an all-stock transaction.

The CXOs further added that rise in rate of internet penetration around the major parts of the world makes way for manufacturers to initiate several key online marketing programs as online platforms are one of the easiest ways to create awareness about the specifications and features of tracksuits among target customers

Covid-19 scenario:

  • The Covid-19 outbreak has negatively affected the manufacturing of tracksuits due to the low supply of raw materials and disruption of the supply chain. Moreover, the economic instability across the globe hampered the manufacturing industry.
  • However, the supply-demand gap of tracksuits is expected to minimize as the number of vaccinated people increases and international import-export resumes.
  • The closure of fitness centers and cancellation of sports events further hampered the demand for tracksuits.
  • The report segments the global tracksuits market on the basis of product, location, travelers type, and region.

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Based on product, the cotton segment held the largest share in 2020, accounting for more than two-fifths of the market. However, the wool segment is estimated to register the highest CAGR of 7.9% during the forecast period.

On the basis of location, the men segment dominated the market in terms of revenue in 2020, contributing to nearly half of the market. However, the kids segment is projected to portray the highest CAGR of 8.3% from 2021 to 2030.

The global tracksuits market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the lion’s share in 2020, accounting for nearly two-fifths of the market. However, the market across LAMEA is expected to register the highest CAGR of 8.7% from 2021 to 2030.

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The global tracksuits market report includes an in-depth analysis of the prime market players such as Adidas AG, HanesBrands Inc., ASICS Corporation, Jack & Jones, H&M Hennes & Mauritz AB, Nike, Inc., Monte Carlo Fashions Ltd., Under Armour, Inc., Puma Se, and Wildcraft.

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Brushless DC Motors Market Growth Prospects Predicted by 2030

Allied Market Research recently published a report on the global Brushless DC Motors market. The report offers an in-depth study of the global Brushless DC Motors market coupled with the study of dynamic driving factors, constraints, challenges, and opportunities. The report provides a comprehensive analysis regarding leading market players and their business strategies to aid shareholders, new market entrants, and stakeholders and make informed business decisions.

In addition, the Brushless DC Motors  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 Brushless DC Motors  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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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 Brushless DC Motors 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 Brushless DC Motors  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.

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The report provides a study of the past and current market trends and evaluates the future opportunities. The Brushless DC Motors  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

Allied Motion Technologies Inc., AMETEK Inc., Arc Systems Inc., Buhler Motor GmbH, Faulhaber Group, Johnson Electric Holdings Limited, Maxon motors AG, MinebeaMitsumi Inc., Nidec Corporation, Oriental Motor Co. Ltd., and Robert Bosch GmbH

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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About Us:

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.

Contact:

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#205, Portland, OR 97220
United States
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Fractional Horsepower Motor Market Opportunity Analysis and Industry Forecast 2030

Allied Market Research recently published a report on the global Fractional Horsepower Motor market. The report offers an in-depth study of the global Fractional Horsepower Motormarket coupled with the study of dynamic driving factors, constraints, challenges, and opportunities. The report provides a comprehensive analysis regarding leading market players and their business strategies to aid shareholders, new market entrants, and stakeholders and make informed business decisions.

In addition, the Fractional Horsepower Motor 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 Fractional Horsepower Motor 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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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 Fractional Horsepower Motor 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 Fractional Horsepower Motor 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 Fractional Horsepower Motor Market @ https://www.alliedmarketresearch.com/request-for-customization/14842

The report provides a study of the past and current market trends and evaluates the future opportunities. The Fractional Horsepower Motor 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

ABB, Allied Motion, Inc., AMETEK, Inc., BorgWarner Inc., Denso Corporation, Johnson Electric Holdings Limited, Nidec Corporation, Robert Bosch GmbH, Rockwell Automation, Inc. and Toshiba International Corporation.

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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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.

Contact:

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#205, Portland, OR 97220
United States
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+1-800-792-5285,
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help@alliedmarketresearch.com
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Yoga Clothing Market Size is Expected to Reach $70.29 billion, With a Compound Annual Growth Rate of 7.8%

 Allied Market Research published a report, titled, “Yoga Clothing Market by Product Type (Top wear and Bottom Wear), End User (Men and Women), and Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, E-commerce, and Others): Global Opportunity Analysis and Industry Forecast 2021–2030″. According to the report, the global yoga clothing industry generated $33.68 billion in 2020, and is anticipated to generate $70.29 billion by 2030, witnessing a CAGR of 7.8% from 2021 to 2030.

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According to the perspective of top-level CXOs, highly stressful and competitive world has resulted in increasing popularity of wellness and health consciousness. As a result, sharp increase in the acceptance of yoga and associated practices around the world has significantly contributed toward the growth of the global yoga clothing market. In addition, rapid urbanization along with myriad of health issues has enforced individuals to incorporate practicing yoga in their daily routine, including but not limited to breathing exercises asana and meditation.

The CXOs further added that the global yoga industry has come up with innovative spectrum of offerings meeting the demands of increasingly tech-savvy consumers. Virtual yoga classes, social media platforms, and yoga tourism are some of the key areas where the engaged stakeholders are continuously investing, innovating, and reaping profits. This is a crucial factor accountable for the growth of the number of yoga practitioners across the globe. Furthermore, the sub-continent of India has played a conspicuous role in proliferating yoga practices on global platforms by developing a unique market position, image, and brand through its rich heritage of indigenous knowledge coupled with strong infrastructure and skilled manpower. These factors are expected to significantly contribute towards the growth of the yoga clothing market.

Key findings of the study

  • By product type, the bottom wear segment is estimated to witness the fastest growth, registering a CAGR of 8.1% during the forecast period.
  • In 2020, depending on end user, the women segment was valued at $20,520.7 million, accounting for 60.9% of the global yoga clothing market share.
  • In 2020, the U.S. was the most prominent market in North America, and is projected to reach $5,855.5 million by 2030, growing at a CAGR of 6.4% during the forecast period.

Prime determinants of growth

Surge in demand from emerging markets, rise in prevalence of obesity, and increase in government initiatives to promote yoga drive the growth of the global yoga clothing market. However, increase in the number of yoga accidents hinders the market growth. On the other hand, promotion of yoga for male practitioners presents new opportunities in the coming years.

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Covid-19 Scenario

  • The outbreak of the Covid-19 pandemic has positively impacted the global yoga clothing market.
  • People became health conscious and started joining online yoga classes during the pandemic, which in turn, boosted the demand for yoga clothes to a great extent.

The bottom wear segment to maintain its leadership status throughout the forecast period

Based on product type, the bottom wear segment held the highest market share in 2020, accounting for more than half of the global yoga clothing market, and is estimated to maintain its leadership status throughout the forecast period. This is due to rise in number of yoga studios and health & fitness clubs across the globe. Moreover, the same segment is projected to manifest the highest CAGR of 8.1% from 2021 to 2030. The report also mention top wear segment.

The women segment to maintain its lead position during the forecast period

Based on end user, the women segment accounted for the largest share in 2020, contributing to more than three-fifths of the global yoga clothing market, and is projected to maintain its lead position during the forecast period. This is due to the increased women participation in yoga. However, the men segment is expected to portray the largest CAGR of 8.3% from 2021 to 2030, owing to the rising prevalence of obesity among the men across the globe.

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North America to maintain its dominance by 2030

Based on region, North America held the highest market share in terms of revenue in 2020, accounting for more than one-third of the global yoga clothing market. This is due to increase in health awareness and fitness concerns among consumers in North America. Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 8.8% from 2021 to 2030. Rise in popularity of yoga has led to many hybrid forms of yoga such as nude, hot, power, goddess, dog yoga, or even snowcap (yoga in snow) adapted to suit requirements of participants. This has significantly boosted the demand for yoga clothing, thereby fueling the growth of the market. Other regions discussed in the report include Europe and LAMEA.

Leading Market Players:-

Nike
Puma
Asics
Under Armour, Inc.
Adidas
Lululemon Athletica
Manduka
Prana
Hugger Mugger
Aurorae Yoga, LLC

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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 domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

In-Depth Industry Insights Smart Bed Market Valuation Worth $3,833.6 Million by 2030 by 2030, At a 4.8% CAGR

As per the report published by Allied Market Research, the global smart bed market generated $2.28 billion in 2020, and is expected to reach $3.83 billion by 2030, registering a CAGR of 4.8% from 2021 to 2030.

Rapid innovation in sleeping mattresses, urbanization and rapid expansion of the hospitality industry, and rapid growth in infrastructure investments in residential and commercial sectors drive the global smart bed market. Moreover, the surge in inclination of customers toward modular furniture supplements the market growth. However, counterfeit products and environmental restrictions associated with deforestation hinder the market growth. On the contrary, advent of health monitoring through smart beds and growth in the e-commerce sector present new opportunities for the market players in the future.

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According to CXOs, significant increase in adoption of smart furniture accessories among consumers lead to growth in popularity of the smart bed market. With the aim to build energy efficient buildings and ensure maximum health hygiene, commercial and residential sectors significantly contribute toward demand for smart beds.

North America accounts for a dominant market share of 60.2% in the global smart bed market in 2020, owing to its widespread application in the existing residential and commercial sectors. However, Asia-Pacific is expected to exhibit the fastest growth rate of 6.0% during the forecast period, owing to increase in commercial infrastructural investments, growth in disposable income of consumers, and rise in desire for smart and energy efficient residential homes. Moreover, increase in rate of migration from rural areas and urbanization are expected to foster growth of commercial and residential sectors, which propels growth of the smart bed market.

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On the basis of application, the healthcare segment is estimated to portray the highest CAGR of 5.4% from 2021 to 2030. However, the residential segment dominated the market in 2020 in terms of revenue, contributing to nearly two-fifths of the market.

The global smart bed market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2020, accounting for around three-fifths of the market. However, Asia-Pacific is estimated to register the highest CAGR of 6.0% during the forecast period.

The global smart bed market report includes an in-depth analysis of the prime market players such as ArjoHuntleigh AB, Hi-Interiors SRL, BodiTrak, Invacare Corporation, Hill Rom Holdings Inc, LINET spol. s r.o., Joerns Healthcare LLC, Sleep Number Corporation, Paramount Bed Co., Ltd, and Stryker Corporation.

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Key Finding

  • North America held the major share of 60.0% in 2020
  • Specailty Stores Segment held the major share of 65.0% in 2020
  • Healthcare Segment witnssed a major growth rate of 5.4%
  • Automatic segment would witness the fastest growth, registering a CAGR of 5.3% during the forecast period.
  • Manual segment held the highest share, accounting for 39.0% of the global smart bed market.
  • Residential segment held the major share of 38.0% of the 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.

Sports Tourism Market Expected to Reach $1,803,704.0 Million at a CAGR 16.1% | A Fast Growing Industry

According to a new report published by Allied Market Research, titled, “Sports Tourism Market by Product, Type, and Category: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global sports tourism market size was valued at $323,420.0 million in 2020, and is projected to reach $1,803,704.0 million by 2030, registering a CAGR of 16.1% from 2021 to 2030.

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Drivers, restraints, and opportunities

Rise in GDP and employment contribution, increased popularity of sport tourism to break monotonous lifestyle, advent of mobile ticketing, and surge in spending ability drive the global sport tourism market. However, cancellation of sports activities due to limited budgets hinders the market growth. On the contrary, increase in number of athletic events and rise in tournaments in existing venues to attract more spectators than before are expected to open new opportunities for the market players in the future.

According to the insights of CXOs of leading companies, sports tourism is one of the fastest growing segments in the tourism industry. Whether sports are the primary goal of the trip or not, more and more tourists are interested in participating in sports activities while on vacation. Sporting events of all sizes and shapes gather tourists as participants or spectators, and destinations attempt to add local flavors to events and provide authentic local experiences. Mega sporting events, such as the Olympics and World Cups, can serve as a platform for tourism development if successfully leveraged in terms of brand equity, infrastructure development, and other socioeconomic benefits.

Sports and tourism are closely connected and mutually beneficial. Sports, whether it is played as professional, hobbyist, or leisure activities necessitate extensive travel to play and compete in various locations and countries. Major sporting events, such as the Olympic Games, football and rugby championships, have evolved into powerful tourism attractions, significantly contributing to the tourism industry.

Key Take Away

  • Europe was the highest revenue contributor, accounting for $119,018.6 million in 2020, and is estimated to reach $624,081.6 million by 2030, with a CAGR of 15.7%.
  • The football/soccer segment was the highest contributor to the market, with $97,891.6 million in 2020, and is estimated to reach $516,691.3 million by 2030, at a CAGR of 15.8% during the forecast period.
  • Domestic segment was the highest contributor to the market, with $181,415.6 million in 2020, and is estimated to reach $987,090.7 million by 2030, at a CAGR of 16.1% during the forecast period.
  • Passive segment was the highest contributor to the market, with $190,844.4 million in 2020, and is estimated to reach $1,046,683.0 million by 2030, at a CAGR of 16.2% during the forecast period.

Covid-19 scenario:

The global sports tourism market took a hit due to the Covid-19 outbreak as several sports tournaments were canceled and international travel was banned.

However, the market is expected to recover by 2022 due to increase in vaccination campaigns and active participation in sporting activities.

The motorsport segment is expected to manifest the highest CAGR through 2030

By product, the motorsport segment would showcase the highest CAGR of 17.4% during the forecast period, due to participation of top countries to host motorsports events. However, the football/soccer segment held the largest share in 2020, accounting for nearly one-third of the global sport tourism market, owing to popularity of football events such as the FIFA world cup.

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The domestic segment held the largest share

By type, the domestic segment dominated the market in terms of revenue in 2020, contributing to nearly three-fifths of the global sports tourism market, due to heavy investments in sports infrastructure and popularity of sports in several countries. However, the international segment is expected to manifest the highest CAGR of 16.8% during the forecast period, owing to rise in disposable income, improved infrastructure, favorable government policies regarding international tourists, and relationship between host and concerned nations.

Europe, followed by North America, held the largest share

By region, the market across Europe, followed by North America, held the largest share in 2020, accounting for nearly two-fifths of the market, due to presence of large population and high participation in sports activities. However, the global sports tourism market across Asia-Pacific is projected to register the highest CAGR of 17.7% during the forecast period, owing to increase in sports participation and sports event hosting.

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Major market players

BAC Sports
Sports Travel & Hospitality Group
QuintEvents
THG Sports
MATCH Hospitality
Gullivers Sports Travel Limited
Club Europe Holidays Ltd.
DTB Sports Hospitality
Inspiresport
Great Atlantic Sports Travel
Event Management Ltd.

About Us

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.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

At a CAGR 13.6% Enotourism Market ( Private Guided Tours and Self-Guided Tours ) Expected to Reach $29,593.4 million by 2030

As per the report published by Allied Market Research, the global enotourism market generated $8.65 billion in 2020, and is expected to reach $29.59 billion by 2030, registering a CAGR of 13.6% from 2021 to 2030.

Rise in government initiatives, increase in disposable income, and expansion of travel and tourism industry drive the growth of the global enotousism market. However, lack of awareness and strict regulations of government hinder the market growth. On the other hand, rise in wine consumption in Asia-Pacific and South American regions and distinct cultural heritage at the local and regional levels are expected to open new opportunities for the market players in the future.

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Wine, according to the insights of CXOs of leading companies, is an essential component for the growth of enotourism because it can serve as the foundation for a number of tourism-attracting businesses. Enotourism is a new type of tourism. Enotourism is also known as oenotourism, vinitourism, or wine tourism.

The majority of winery visits take place at or near the production site of winery. Typically, visitors learn about the history, observe the winemaking process, and then taste the wines. Staying in a small winery guest house is also available at some wineries. Many visitors purchase the wine on-site, accounting for up to 33% of annual sales.

Throughout the first decade of the twenty-first century, the enotourism industry grew significantly. In the U.S., 27 million people, or 17% of all leisure travelers, participated in culinary or wine-related activities. In Italy, the number of tourists is estimated to be approximately around five million, with total revenue of $2.93 billion.

Every year on the second Sunday of November; Germany, Austria, Slovenia, Spain, France, Greece, Hungary, Italy, and Portugal commemorate “Enotourism Day” to promote cellar visits. The first Wine Tourism Day in North America was announced on May 11, 2013, with events scheduled across the continent. Enotourism industry of Chile has grown in recent years, with several tourist routes emerging across the country, many of which include overnight accommodations.

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The report segments the global enotourism market on the basis of tour type, traveler type, age group, and region.

Based on tour type, the self-guided tour segment is expected to portray the highest CAGR of 13.8% during the forecast period. However, the private guided tours segment held the largest share in 2020, contributing to more than two-thirds of the market.

On the basis of traveler type, the solo segment is projected to manifest the highest CAGR of 13.8% during the forecast period. However, the group segment held the lion’s share in 2020, accounting for more than four-fifths of the market.

The global enotourism market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Europe dominated in 2020, holding nearly two-fifths of the market. In addition, the region is projected to showcase the highest CAGR of 14.4% during the forecast period.

The global enotourism market report includes an in-depth analysis of the prime market players such as 290 Wine Shuttle, A Great Oregon Wine Tour, Arblaster and Clarke Wine Tours, Bulgaria Wine Tours, Burdick Vineyard Tours, California Wine Tours, Cloud Climbers Jeep and Wine Tours, Discover Texas Wine Tours, Grape Escapes Wine Tours, and Iowa Wine Tours Inc.

As the importance of enotourism increases, regions must deal with the consequences of continued success, such as crowds and higher tasting room fees. This may have the opposite effect desired, driving away potential visitors and turning them to enotourism.

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Key Take Away :

Self-guided tours segment is expected to grow at highest CAGR of 13.8% during the forecast period

Solo segment is expected to grow at highest CAGR of 13.8% during the forecast period.

Generation Y segment is expected to grow at highest CAGR of 14.5% during the forecast period.

Europe dominates the market and is expected to grow at highest CAGR of 14.4% during the forecast period.


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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

Alternative waters (Plant based waters) Market Statistics 2029: Major Factors that can Increase the Global Demand

Plant-based alternative water is generally referred to as the drink made from plant source and is also known as infused water. Water is extracted and processed from various types of plants by different techniques. The food & beverage industries earlier introduced the extraction of liquid concentrate from fruits and have supplied them in the form of juices but the improved R&D has led to the development of alternative waters that is gradually replacing plain water in many parts of the world. Coconut water is the most particular type of plant-based alternative water that has been used since long in the market. Alternative water is being prepared from several fruits and trees imparting many health benefits to the consumers. The sources of plant-based water have recently increased.

Companies covered:

The Coca-Cola Company, PepsiCo Inc, Oviva, All Market, Caliwater, WTRMLN WTR, ARTY Water, Sibberi Tree Water, Happy Tree Maple Water, Harmless Harvest, Drink Simple, Steaz.

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COVID-19 Scenario Analysis:
The lockdown caused due to the COVID-19 pandemic, initially caused a loss in sales and revenue to the plant based alternative water market as the manufacturing units had to shut down, and also there was a shortage of manpower in the units.
The food & beverage industries were listed as essential businesses but the procurement of raw material became difficult due to the ban on import and export from certain countries.
The distribution channel such as retail stores and supermarkets were shut down to implement the social distancing and prevention of mass gathering, which led to a reduction in sales of alternative water.
The post COVID-19 scenario for the plant-based alternative water market is anticipated to be profitable as the consumer buying patterns have changed and they have been inclined toward healthy alternatives.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Alternative plant-based water such as coconut water has been used from an era and is considered to be healthy alternative. Earlier the alternative water was considered to be used by a niche market, but as the awareness has increased the consumers have known the alternatives available in the market. The food & beverage industries have been investing in the development of healthy and nutritious products that have a longer shelf life. The increased awareness and health consciousness among consumers, the use of natural fruit and plant sources, attractive packaging, investment in innovation, increased disruption and competitiveness in dairy and meat industries, the popularity of vegan nutrients and diets, environmental and global warming concerns, a wide range of flavor and color in the drinks and new product development drive the growth of the global alternative waters (plant-based waters) market. However, availability of the alternative beverages, product life cycles, and increased competition in the sector hinder the market growth. Contrarily, investments in launching alternative products in several countries, increase in R&D, and processing of numerous variants present a new pathway in the global plant-based alternative waters market.

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The global alternative waters market trends are as follows:

Increase in benefits of the plant-based alternative water
The alternative plant-based food and beverages have created a new trend in the market. The awareness and increase in health consciousness among the consumers have shifted the trend toward healthy and nutritious diets which have presented the opportunity for leading beverage industries to develop new products in the market. The use of carbonated beverages has led to many health issues therefore the alternative source of hydration along with taste has become a necessity. The use of alternative waters has been known from an era but it was not processed in the industries earlier. The key brands have been improving the flavor of the plant-based alternative waters and are also focused on enhancing the nutrition value of the product by certain electrolytes, antioxidants, probiotics, vitamins, minerals, amino acids, and others. Oviva, a leading brand has launched the maple based alternative water, which is free from preservatives, contains a low amount of sugar, and has a shelf life of about 18 months at room temperature. The key players in food & beverage industries such as Coca-Cola and PepsiCo have also launched their brands for plant-based water as a healthy alternative.

The use of plant-based alternative water is not only limited to direct consumption but can also be further used as a water alternative ingredient in the preparation of a variety of products such as bakery and confectionery.

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Key Benefits of the Report:

This study presents the analytical depiction of the alternative water (plant-based waters) industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global alternative waters (plant-based waters) share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global alternative waters (plant-based waters) growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global alternative water (plant-based waters) analysis based on competitive intensity and how the competition will take shape in the coming years.

Similar Reports:
Functional water Market Expected to Reach $ 10,954.0 million by 2030
Pure Coconut Water Market is Expected to Reach $6.81 Billion by 2027

About Allied Market Research:

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 domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Cat Litter Market Analysis, Growing Demand, Key Companies Profiled and Business Outlook 2021-2031

According to a new report published by Allied Market Research, titled, “Cat Litter Market, By Product, By Raw Material and By Distribution Channel : Global Opportunity Analysis And Industry Forecast, 2021-2031″. The cat litter market was valued at $7,212.80 million in 2020, and is estimated to reach $11,293.30 million by 2030, growing at a CAGR of 4.7% from 2021 to 2030.

The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

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The growing number of cat owners around the world is likely to boost cat litter market growth. Most cat owners prefer not to let their cats out of the house for a variety of reasons, including human animosity and inclement weather. These variables are expected to drive the product demand during the forecast period. Product sales are being boosted by the growing trend of pet humanization as well as rise of the pet population in the U.S. As a result, growing pet expenditure will drive market growth. Increase in cat population and surge in number of multi-cat households drive the growth of the global cat litter market. However, the industry is experiencing supply chain disruptions all across the world which hinders the market growth. On the other hand, growing trend of pet humanization presents new opportunities in the coming years.

Based on raw material, the clay segment held the highest market share in 2020, accounting for two-fifths of the global cat litter market, and is estimated to maintain its leadership status throughout the forecast period, owing to usage in the creation of cat litter products. Moreover, the silica segment is projected to manifest the highest CAGR of 5.4% from 2021 to 2030, owing to usage as preservatives in packaged foods, pharmaceuticals, and other products.

By distribution channel, the hypermarkets/supermarkets segment accounted for the highest share in 2020, as customers benefit from the availability of a wide choice of products, product discounts, sales representative assistance, and speedy checkouts at hypermarkets/supermarkets. Thus, these advantages are predicted to promote shopping at hypermarket/supermarket growth during the cat litter market forecast.

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Based on region, North America held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global cat litter market, due to an increase in the number of cat owners. Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 5.9% during the forecast period, owing to an increase in nuclear households and an increase in disposable money.

Covid-19 Scenario:

As the countries were imposed with lockdown globally, consumers purchased pet products with more shelf life, thus raising the sales of cat litter during the COVID-19 pandemic.
The pandemic disrupted the sales of cat litter industry via brick and mortar stores, which resulted in shift of consumers toward online sales channels to purchase pet products, thus driving the growth of online sales in pet products.

Leading Market Players

• Mars Inc.
• Nestle SA
• Church & Dwight Co. Inc.
• The Clorox Company
• Dr. Elsey’s
• Oil-Dri Corporation of America
• pestell pet products
• ZOLUX SAS
• Cat Litter Company
• Healthy pet

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About Allied Market Research:

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.

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Europe Events Market to Reach $123.9 Billion, Globally and by 2020-2030, And In-depth Analysis of Industry Players

According to a new report published by Allied Market Research, titled, ” According to a new report published by Allied Market Research, titled, Europe Events Market by Service, by Type, by Smes: Opportunity Analysis and Industry Forecast, 2020-2030″. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

The europe events industry market was valued at $31.4 billion in 2020, and is estimated to reach $123.9 billion by 2030, growing at a CAGR of 8.7% from 2021 to 2030.

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.

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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 Europe events market. The growth of the events industry is majorly driven by upsurge in frequency of corporate meetings, conferences, tradeshows/exhibitions, and other events. Furthermore, the presence of developed infrastructure and increased adoption of advanced technology in Europe has fueled the growth of the Europe events industry.

According to the Europe events market forecast, based on the service, the virtual or hybrid event enabler segment is expected to grow at a highest CAGR of 10.9% from 2021 to 2030. This growth is attributable to the surging adoption of the ICT technologies among the event planners and the corporate houses in Europe. Moreover, the COVID-19 pandemic is the major factor behind the rapid growth of this segment. In 2020, the location rental segment dominated the market, garnering a market share of 31.3%.

As per the Europe events market trends, based on the type, the meeting and conference segment dominated the market in 2020. Event companies and service providers are recognizing the impact of business meetings on revenue and brand. The incentive is estimated to be the fastest-growing segment. Incentive programs event companies in the Europe are increasing their focus on providing their incentive travelers with complete designed packages and deals for enhancing the experience of travelers.

Based on the SMEs, the small and medium enterprises segment was the leading segment, garnering a market share of 74.0% in 2020. The huge presence of the small and medium sized enterprises and the increased volume of corporate events conducted by them has propelled the growth of this segment. Small and medium enterprises are said to be the backbone of the European economy.

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The Europe events market is highly fragmented owing to the presence of numerous players in the market. These market players are constantly engaged in various developmental strategies such as acquisition, mergers, partnership, business expansion, and new product launches, which increases the intensity of competitive rivalry in Europe and helps them to exploit Europe events market opportunity.

The outbreak of the COVID-19 pandemic has adversely impacted the Europe events market in 2020. The lockdown measures implemented by the government in an attempt to curb the spread of the virus led to cancellation of almost all the exhibitions, in-person meetings, trade shows, conventions, and seminars. Moreover, a rapid decline in the international tourist arrivals in Europe during the pandemic further led to the decline of the events industry in Europe. Europe is among the top global destinations for hosting corporate events.

The major players profiled in the report are Compass Group PLC, Dorier Group, Elior Group, Europa International, Event Security Management Ltd., Intelligent (UK Holdings) Limited, London Filmed, Martin Audio Ltd, The Creative Engagement Group, and Titan Security Europe.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the europe events market analysis from 2020 to 2030 to identify the prevailing europe events market opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the europe events market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the regional market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as regional europe events market trends, key players, market segments, application areas, and market growth strategies.

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About Allied Market Research:

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.

Contact us:

David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022|
UK: +44-845-528-1300 |
Hong Kong: +852-301-84916 |
India (Pune): +91-20-66346060 |
Fax: +1-855-550-5975
Email: help@alliedmarketresearch.com