Market Overview

The global  Travel Accommodation Market  size was valued at USD 786.10 billion in 2023. It is projected to grow from USD 879.02 billion in 2024 to USD 1.93 trillion by 2032, exhibiting a CAGR of 10.39% during the forecast period.

Travel accommodation comprises commercial settings, including hostels, resorts, vacation rentals, and hotels, where travelers halt for the duration of their outings. They provide numerous services for guests, such as massages, toiletries, laundry service, food service, and parking. Increased need for travel accommodation facilities due to a rising trend of spending holidays at gorgeous locations, especially among youth, is fostering market expansion.

List of Key Players Profiled in the Market Report

• Marriott International (U.S)
• Hyatt Hotels Corporation (U.S)
• IHG Hotels & Resorts (U.K)
• Emaar Hospitality Group (UAE)
• Accor S.A. (France)
• Awaze Vacation Rentals Ltd (U.K)
• Hilton (U.S)
• OYO Rooms (India)
• Cygnett Hotels & Resorts (India)
• Four Seasons Hotels Limited (Canada)

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Segments

Hotels to Lead the Market Due to Their Easy Availability

By type, the market is classified into hotels, resorts, hostels, vacation rentals, and others. Hotels are expected to lead the travel accommodation market share in the coming years due to their easy availability. They are normally situated in main locations, including near transportation centers and town areas. Hotels are gaining traction with the service offerings for both business and holiday travelers.

Increased Travelers' Preference for Reasonable Accommodation Assisted Economy Segment Expansion

On the basis of price point, the market is categorized into economy, mid-range, and luxury. The economy segment commanded the market due to rising middle-class consumers’ inclination toward economic accommodation services. These conveniences save the travelers' accommodation prices during trips as they offer basic utilities, including food and clean rooms.

Increased Preference for Exciting and Fun Activities by Younger Generation to Propel the Demand for Leisure Tourism

In terms of application, the market is divided into leisure, professional, and others. The leisure segment is set to rule the market over the projected period as many people arrange trips to unwind themselves from the daily hustle. The younger generation's increased preference for exciting and fun activities is driving the demand for leisure tourism.

Growing Focus on Price and Service Comparison Offered by Accommodation Services to Boost the Adoption of Online Travel Agencies

Based on the mode of bookings, the market is segregated into direct bookings, online travel agencies, tour operators, and others. Online travel agencies led the global market as they support travelers in price and service comparison offered by several travel accommodation services. Online travel agencies are gaining traction among consumers due to their easy use and convenience.

From the regional ground, the market is classified into Europe, South America, North America, Asia Pacific, and the Middle East & Africa.

Report Coverage

The market research report presents a complete market examination, highlighting essential elements, including the competitive environment and noticeable product categories. Furthermore, the report provides valuable insights on market trends and significant industry developments. Apart from the factors above, the report includes several aspects that have fostered market expansion in recent times.

Drivers and Restraints

Rise in the Introduction of New Online Hotel Booking Services to Propel Market Growth

There is an increase in hotel, hostel, and resort bookings through online sources, including hotel websites, online booking platforms, and vacation rental portals. Many people highly prefer online booking sources as they offer price comparisons, check availability, and save time. These platforms also focus on offering promotional discounts and deals on special events and holiday seasons. An increase in the introduction of new online hotel booking services and rising online accommodation booking throughout countries are fostering market growth

Nevertheless, substantial investment costs are impeding the travel accommodation market growth.

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Regional Insights

Rise in Tourism Augmented Market Growth in Europe

Europe commanded the global market due to a rise in tourism across European countries, including France, the U.K., Italy, and Germany. The existence of several gorgeous locations is boosting market expansion.

Market growth in North America is attributed to the rising number of travelers in the U.S. and Canada and the increasing number of visitors across different accommodation amenities.

Competitive Landscape

Key Players Offer Enhanced Facilities to Boost Their Market Share

With several economies, mid-scale, and large-scale travel accommodation companies, the market is extremely competitive. Key players focus on offering enhanced facilities to boost their market share. They provide numerous services, such as the best food offerings, to improve customers' booking experience and increase their customer base.

Key Industry Development

• August 2024:  An Indian hotel business, The Swosti Group, declared ideas to inaugurate its new five-star resort in Puri, Odisha, India. This resort will include 125 rooms, luxury suites, an infinity swimming pool, a restaurant, spa, gym, sky lounge bar, and conference halls.

Key Market Insights

According to Fortune Business Insights The global   camping furniture market   was valued at USD 8.10 billion in 2024 and is projected to grow from USD 8.78 billion in 2025 to USD 16.26 billion by 2032, registering a CAGR of 9.20% during the forecast period. North America led the market in 2024, holding a dominant share of 41.36%, driven by high participation in outdoor activities and a well-established recreational culture.

Camping furniture includes chairs, tables, camp beds, and storage solutions designed to enhance comfort and convenience during camping trips. The availability of a broad range of products at varied price points, coupled with increased interest in outdoor activities and tourism infrastructure development, is fueling market growth globally.

Competitive Landscape

The global camping furniture market is fragmented, featuring key players such as:

• Thule Group (Sweden)
• TREKOLOGY (U.S.)
• Helinox (South Korea)
• Kamp-Rite (U.S.)
• The Coleman Company, Inc. (U.S.)
• ALPS Mountaineering (U.S.)
• Campal Campervan Furniture (U.K.)
• GCI Outdoor (U.S.)
• Oase Outdoors (Denmark)
• Big Agnes Inc. (U.S.)

Strategic Initiatives:

• Focus on product innovation with lightweight, durable, and sustainable materials.
• Expanding product lines to meet diverse camping needs.
• Strengthening online and retail distribution networks.
• Partnerships and collaborations with retailers and adventure tourism companies.

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Market Dynamics

Market Drivers

• Increasing Government Investments in Tourism:   Governments worldwide are investing in tourism infrastructure and launching policies to promote outdoor activities, indirectly boosting the camping furniture market.
• Rising Camping Popularity:   Growing awareness of the benefits of outdoor recreation and the desire for comfortable experiences during camping trips are significant growth drivers.

Market Restraints

• High Transportation Costs:   Increasing fuel prices, labor costs, and travel expenses limit access to camping sites, reducing market potential among budget-conscious consumers.
• Extreme Weather Conditions:   Adverse climate conditions, such as heatwaves, heavy rainfall, and snowstorms, restrict camping activities.
• Competing Leisure Activities:   The popularity of alternative outdoor activities like surfing, biking, and bird watching may constrain market growth.

Market Opportunities

• Growth in Outdoor Adventure Tourism:   Social media influence, rising disposable income, and the growing inclination towards physical fitness and social connection are driving interest in camping and adventure tourism.
• Mental Health and Wellbeing Focus:   Increasing awareness of the mental health benefits associated with outdoor activities is expected to drive further interest in camping, positively impacting furniture demand.

Market Trends

• Demand for Modular and Multifunctional Furniture:   There is a growing preference for versatile furniture that can serve multiple purposes, such as products that convert from chairs to beds or tables.
• Integration of Smart Technologies:   Products featuring GPS, LED lights, and charging ports are becoming popular, catering to tech-savvy campers seeking convenience.

Regional Insights

North America   North America leads the market, driven by a strong culture of outdoor recreation and easy access to camping sites. The U.S. alone accounts for a significant portion of the market, with companies like The Coleman Company and ALPS Mountaineering developing innovative products to meet diverse consumer needs.

Europe   Europe is the second-largest market, supported by picturesque camping destinations such as the Swiss Alps and Scottish Highlands. Environmental awareness is driving demand for sustainable and eco-friendly camping furniture.

Asia Pacific   The market in Asia Pacific is projected to reach USD 1.87 billion by 2032. The rise of travel influencers and the growing middle class are increasing spending on quality camping gear. Countries in this region are seeing a shift towards lifestyle changes that favor outdoor exploration.

South America and Middle East & Africa   These regions are witnessing increased participation in camping activities among Gen Z and millennials. The demand for portable and multifunctional furniture is growing, catering to the evolving preferences of younger consumers.

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Key Industry Developments

• March 2025:   Aldi launched a caravanning product range including chairs, beds, and fire pits.
• October 2024:   Hangzhou Uhike introduced the IGT Camping Table with advanced durability and design.

The global camping furniture market is set for robust growth through 2032, underpinned by the rise of adventure tourism, lifestyle changes favoring outdoor activities, and technological advancements in product design. Manufacturers that prioritize sustainability, multifunctionality, and digital retail strategies will be well-positioned to capitalize on the evolving consumer landscape and maintain a competitive edge.

Market Overview :

According to Fortune Business Insights, the global   disposable razor and blade market   size is expected to reach USD 4.31 billion by 2027, exhibiting a CAGR of 3.2% during the forecast period. The rising shift towards greener disposable razors will have an excellent impact on the market, states Fortune Business Insights, in a report, titled “Disposable Razor and Blade Market Size, Share & Industry Analysis, By Blade Count (1 & 2 Blades, 3 & 4 Blades, and 5 & More Blades), End-User (Men and Women), Distribution Channel (Hypermarkets, Online, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 3.39 billion in 2019.

The coronavirus emergency has resulted in financial jeopardy for trades and businesses around the world. The authorities of several countries have initiated lockdown to avert the increase of this infectious disease. Such strategies have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

The Report Lists the Key Companies in the Disposable Razor and Blade Market:

• Procter & Gamble Co. (Ohio, U.S.)
• BIC Group (Paris, France)
• Super-Max Group (Dubai, UAE)
• Edgewell Personal Care (Shelton, U.S.)
• Kai Group (Tokyo, Japan)
• LORD International Co. (Alexandria, Egypt)
• DORCO CO, LTD .   (Seoul, South Korea)
• Kaili Group (Ningbo, China)
• Laroch co. (Shuaiba, Kuwait)
• Perio Inc .   (Dublin, U.S.)

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The report on the disposable razor and blade market   features:

• Excellent understandings of the market
• Crucial information about industry players
• Vital data about regions
• Key development and drivers
• COVID-19 impact

Market Driver :

Prominence of Handy Razor Blades to Improve Market Prospects

The growing popularity of non-refillable razors in long or short journeys will spur opportunities for the market. For instance, as per the report Award Catalogue 2020 of BEYONDPLASTIC, about 5,000 billion disposable razors are used per year globally.  The convenience of non-refillable razors makes it a preferable choice while traveling. The advantages of the razer include multiple usages of the same blade. The growing awareness regarding non-refillable razors can bolster the healthy growth of the market. For example, the Wilkinson Sword’s products including fixed cartridge razor blades range are allowed in handbags while traveling to foreign countries, making it a preferred choice among travelers. Hence, the increasing demand for such razor blades will augur well for the market.

Inhibited Demand for Razor Blades to Restraint Market Amid Coronavirus

The shifting fashion trends have negatively impacted the global market during coronavirus. For instance, the trend of keeping long beards has reduced the demand for razors. Moreover, the decline in razor blade sales owing to work from culture, which does not mandate proper grooming. Procter & Gamble reported decreased net sales by 2% to US$ 6.1 billion in the fiscal year 2020 in the grooming segment. Besides, slashed shaving needs have further retarded the expansion of the market. Nevertheless, the rising disposable income and awareness about grooming will certainly create openings for the market in the near future.

Regional Analysis :

Increased Purchasing Power of Consumers to Boost Market in Europe

The market in Europe stood at USD 1.14 billion in 2019 and is expected to remain dominant during the forecast period. The growth in the region is attributed to the high purchasing power of consumers for premium and branded non-refillable razors. For instance, BIC group which is ranked number two in the global one-piece razors market produces around 2.6 billion shavers along with 4.9 billion blades every year to serve the needs of the consumers. The surge in travelers can contribute positively to the market in Europe. As per the Tourism Statistics released in January 2020 by Eurostat, in 2018 at least one personal tourism trip was taken by about 64% of the residents of the EU. The market in Asia Pacific is expected to hold a significant share in the market owing to the rising demand for razor blades in countries such as China, Japan, and India. The inflated demand for low-cost disposable razors will propel the growth of the market in the region.

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Key Development :

August 2019:   Gillette and Gillette Venus announced its collaboration with TerraCycle, a leading organization in recycling. Under this partnership, all razor blades, as well as disposable razors of these brands, will be recycled.

Market Overview:

According to Fortune Business Insights, the Global   Apparel Market   size is projected to grow from USD 1,749.67 billion in 2024 to USD 2,307.04 billion by 2032. It was valued at USD 1,700.52 billion in 2023, exhibiting a CAGR of 3.52% over the forecast period.

The clothing market is vast and continually evolving, spanning everything from everyday casual wear to high-end luxury fashion. Its growth is largely fueled by shifting consumer preferences and the rapid rise of fast fashion. This fast fashion model—defined by affordable pricing and quick production cycles—has transformed the global apparel industry, making trendy styles more accessible while reshaping traditional retail dynamics.

List of Key Players Mentioned in the Report:

• VF Corporation (U.S.)
• Burberry Group plc (U.K.)
• Puma SE (Germany)
• Adidas AG (Germany)
• Nike Inc. (U.S.)
• H&M Hennes & Mauritz AB (Sweden)
• LVMH (France)
• KERING (France)
• PVH Corp. (U.S.)
• Inditex (Spain)
  
  

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Segmentation Overview

Casual Wear/Fashion Wear Segment Dominates Due to Evolving Consumer Lifestyles
By type, the apparel market is segmented into casual wear/fashion wear, formal wear, swimwear, outerwear, sportswear & activewear, agricultural work clothing/farm apparel, work wear, ethnic wear, sleepwear, and others. Among these, the casual wear/fashion wear segment led the market in 2023. This dominance is largely driven by shifting consumer lifestyles, with an increasing emphasis on comfort, versatility, and utility in daily apparel choices.

Synthetic Material Leads Owing to Its Durable and Versatile Characteristics
Based on material, the market is classified into synthetic, cotton, wool, leather, denim, satin, and others. The synthetic segment held the largest market share in 2023. This growth can be attributed to the fiber’s durable, quick-drying, wrinkle-resistant, and easy-to-dye properties, making it a preferred choice for both manufacturers and consumers.

Women Segment to Hold the Largest Share Due to Expanding Female Fashion Industry
In terms of end-user, the market is categorized into men, women, children, and unisex. The women’s segment is expected to maintain the largest share throughout the forecast period. This is supported by growing demand in the women’s fashion industry, which offers a diverse array of clothing options including dresses, crop tops, skirts, scarves, leggings, and bralettes.

Mass Market Segment Leads with High Volume and Affordable Fashion Offerings
By category, the market is segmented into mass/economy, premium, and luxury. The mass segment emerged as the dominant category in 2023, primarily due to the high volume of garments produced in various styles and designs at accessible price points. The shorter production cycle and cost-efficiency of mass-market apparel also contribute to greater revenue generation.

Supermarkets & Hypermarkets Segment Leads Due to Personalized In-Store Experience
Regarding distribution channel, the market is divided into supermarkets & hypermarkets, specialty stores/branded stores, department stores, online/e-commerce, and others. In 2023, supermarkets & hypermarkets held the leading position, driven by the personalized and face-to-face shopping experiences these brick-and-mortar stores offer, which continue to appeal to a broad consumer base.

Report Coverage

The report encompasses various driving and restraining factors affecting the market growth. In addition, it provides comprehensive coverage of the top trends, the COVID-19 pandemic impact, and significant industry developments. Other aspects of the report include the strategic moves adopted by top players to reinforce their industry position.

Drivers and Restraints:

Sustainability and Technological and Manufacturing Advancements to Propel Market Growth

Leading production companies are investing in cutting-edge technology to develop novel fabrics. This new-age fabric is developed in a way, which will influence customer’s purchasing patterns. A well-known example of this innovation is Nike’s Aerogami that improves breathability of athletes.

Despite such opportunities for apparel market growth, the rising competition from local brands focusing on affordable pricing may hamper the expansion of international companies.

Regional Insights:

Asia Pacific Holds Leading Position Due to Rising Disposable Income

Asia Pacific registered the largest market share in 2023, which can be attributed to the surging middle-class population, number of working women professionals, participation of people in sports and other outdoor activities, and disposable income. The adoption of online shopping by a considerable number of young people is further resulting in a substantial surge in sales of garments by leading players including Shopee, Lazada, and Tokopedia.

Europe is witnessing rapid growth on account of transition in fashion trends, innovation in design and manufacturing techniques, growing e-commerce channels, and rising emphasis on sustainability.

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Competitive Landscape:

Major Companies Deploy Partnerships to Boost Their Position

The apparel market has a high fragmentation and competition, with the presence of a huge number of international and domestic companies. Market players are adopting various strategies such as acquisitions, product innovations, and capacity expansions. Partnership strategies are also being implemented by top companies to strengthen their position.

Key Industry Development:

February 2024:  PUMA and PLEASURES unveiled the continuation of a collaborative deal with a new collection launch. Through this deal, the company announced the extension of its initial seasonal offering from 2023.

Key Market Insights

According to Fortune Business Insights, the Global  Electric Grill Market  was valued at USD 2.79 billion in 2024 and is projected to reach USD 4.41 billion by 2032, growing at a CAGR of 5.97% from 2025 to 2032. Market growth is being fueled by the rising popularity of BBQ culture, evolving lifestyle patterns, and the increasing preference for eco-friendly cooking solutions. In 2024, North America dominated the market with a 47.31% share, driven by high urbanization, a strong tradition of outdoor cooking, and the rapid adoption of smart kitchen appliances.

Competitive Landscape

Key players are focusing on geographic expansion, product innovation, and digital engagement to maintain their competitive edge. Companies are investing in new product launches, particularly in built-in and smart grill segments.

Key Companies Profiled

• Weber (U.S.)
• Holland Grill (U.S.)
• Wonderchef Home Appliances Pvt. Ltd (India)
• Taylor Commercial Foodservice, LLC (U.S.)
• Char‑Broil LLC (U.S.)
• The Middleby Corporation (U.S.)
• Electrolux Professional Group (Sweden)
• Midea (China)
• FIRE MAGIC (U.S.)
• ROLLER GRILL INTERNATIONAL S.A.S (France)

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Market Drivers

1. Rising BBQ Culture

The growing global popularity of barbeque—especially in countries like the U.S., Germany, Canada, the U.K., and Australia—has significantly driven electric grill demand. BBQ gatherings are often associated with social events and celebrations, encouraging residential and commercial adoption of grilling solutions.

2. Lifestyle and Dietary Shifts

Modern consumers, particularly millennials and young professionals, are increasingly interested in healthy eating, diverse cuisines, and DIY cooking experiences. Electric grills meet these evolving preferences by offering versatile, fast, and health-conscious cooking solutions suitable for a variety of foods including vegetables, fish, and lean meats.

Market Restraints

High Product Costs

Electric grills often carry a higher price tag due to the use of premium materials like stainless steel and non-stick coatings, along with the inclusion of advanced features such as IoT connectivity, smart temperature control, and smoke reduction systems. These factors make them less accessible to budget-conscious consumers.

Market Opportunities

Technological Advancements

Manufacturers like Weber, Wonderchef, and Taylor Commercial Foodservice are incorporating Wi-Fi and Bluetooth connectivity, app-controlled functions, and infrared heating systems, transforming electric grills into smart cooking appliances. These innovations allow for precise control, convenience, and energy efficiency, significantly improving user experience and expanding the customer base.

Market Challenges

Volatility in Production Costs

Fluctuating raw material and labor costs, driven by factors like geopolitical tensions, changing tax regulations, and supply chain issues, negatively impact profit margins and final product prices. This cost uncertainty can deter new entrants and slow down market expansion.

Emerging Trends

Social Media Marketing

A key trend boosting market visibility is digital marketing. Brands are leveraging platforms like Instagram, YouTube, and LinkedIn to reach broader audiences, run targeted ad campaigns, and drive consumer engagement. These strategies improve brand awareness, foster customer loyalty, and influence purchasing decisions.

Segmentation Analysis

By Type

• Portable grillslead the market due to their lightweight design and suitability for RV travel, camping, and small-space living.
• The built-in segmentis projected to grow rapidly as consumers invest in outdoor kitchens and smart home solutions.

By Application

• The commercial segmentdominates due to adoption in hotels, cafes, and restaurants, driven by safety compliance and energy efficiency.
• The residential segmentis expected to grow at a CAGR of 6%, fueled by the trend of DIY grilling and compact living needs.

By Distribution Channel

• Retail/outlet storescurrently dominate, thanks to expert advice and physical product interaction.
• E-commerce channelsare growing fastest due to price comparison, customer reviews, and discounts that appeal to digitally savvy consumers.

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Recent Developments

• Mar 2025 : SMEG launched electric BBQ grills and other kitchen appliances in the U.S.
• Mar 2024 : Char-Broil introduced new electric and gas BBQ grills.

The global electric grill market is on a robust growth trajectory, powered by lifestyle shifts, BBQ culture, and smart cooking technology. While high costs and volatile production prices pose challenges, expanding e-commerce channels and innovation-driven offerings will continue to unlock significant opportunities across both developed and emerging economies.

Market Overview

According to Fortune Business Insights, the global   event tourism market   was valued at USD 1,447.40 billion in 2024 and is expected to reach USD 2,524.52 billion by 2032, expanding at a CAGR of 7.33% during the forecast period. Europe led the market with a 40.12% share in 2024, supported by its rich cultural heritage and strong tradition of hosting diverse events.

Definition
Event tourism refers to travel undertaken specifically to participate in or experience events such as business conferences, trade exhibitions, music festivals, sporting tournaments, cultural fairs, and more. Today’s travelers increasingly prefer immersive and culturally engaging experiences that go beyond conventional sightseeing.

Competitive Landscape
Leading players in the event tourism sector are focusing on sustainable practices, including the adoption of renewable energy, eco-friendly operations, and responsible event management, to align with evolving consumer preferences and global sustainability goals.

Key Companies :

• Expedia Group Inc. (U.S.)
• Trip.com Group Ltd. (China)
• TUI AG (Germany)
• China Tourism Group Duty Free Corp Ltd. (China)
• ATPI Group (U.K.)
• Hilton Worldwide Holdings Inc. (U.S.)
• Marriott International Inc. (U.S.)
• Accor S.A. (France)
• Amex GBT (U.S.)
• Lufthansa Group (Germany)

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Market Scope

The event tourism market spans a wide array of segments, including sports, music, business exhibitions, and cultural events, catering to both domestic and international travelers. It encompasses both online and offline booking channels, with formats ranging from in-person gatherings to fully virtual and hybrid events.

Event tourism plays a vital role in stimulating local economies, particularly through increased activity in hospitality, transportation, and retail sectors. Its growth is further driven by supportive government policies, infrastructure development, and strategic partnerships aimed at enhancing destination attractiveness.

Market Analysis

Comprehensive market analysis highlights a growing shift toward digital and hybrid event formats, improving accessibility and global participation. The adoption of advanced technologies such as artificial intelligence (AI), virtual reality (VR), and augmented reality (AR) is elevating the attendee experience—particularly for those engaging remotely from international locations.

Additionally, the industry is increasingly aligning with sustainable tourism objectives. Event organizers are adopting eco-friendly practices and technologies to minimize environmental impact, reduce carbon emissions, and ensure that sustainability and engagement go hand in hand.

Market Dynamics

Drivers

• Growing preference for unique and memorable event experiences, particularly among Millennials and Gen Z.
• Expansion of the MICE (Meetings, Incentives, Conferences, and Exhibitions) sector, fueled by globalization and government-backed initiatives.
• Strategic collaborations among leading players, enhancing event offerings and market visibility.

Restraints

• High pricing of premium event packages, limiting accessibility for price-sensitive consumers.

Opportunities

• Rising adoption of online booking platforms, improving access to a wider range of event packages.
• Integration of immersive technologies such as VR, AR, and hybrid event formats to enhance audience engagement.
• Increasing partnerships between event organizers, sponsors, and local tourism boards to boost market reach.

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Market Trends
The Event Tourism Market is witnessing notable shifts driven by evolving consumer preferences, rapid technological advancements, and expanding global reach. Growing emphasis on product innovation, sustainability, and customization is reshaping competitive strategies. Digital transformation, including the integration of AI, IoT, and automation, is enhancing operational efficiency and customer engagement. Additionally, changing demographic patterns, rising disposable incomes, and the influence of social media are accelerating market adoption. Strategic partnerships, mergers, and acquisitions are further shaping the industry landscape, while emerging markets present untapped growth potential for industry players.

Challenges

• Poor infrastructure in emerging regions limiting event hosting capabilities.
• Inconsistent service quality and lack of supporting amenities.

Recent Developments

• IRCTC launched international tour packages from Mumbai (April 2025).
• ATP Tour partnered with Quint for ATP Experiences (April 2025).

Market Overview

According to Fortune Business Insights, the Global   Necklace Market   was valued at USD 50.03 billion in 2024 and is projected to grow from USD 52.32 billion in 2025 to USD 75.85 billion by 2032, exhibiting a CAGR of 5.45% during the forecast period.

The market is driven by evolving fashion trends, rising disposable incomes, growing demand for personalized jewelry, and the expanding influence of e-commerce platforms. In 2024, Asia Pacific led the global market with a substantial 40.9% share, fueled by a deep-rooted cultural affinity for jewelry and the rapid growth of the middle-class population, especially in China and India.

Competitive Landscape

The global necklace market is competitive, with a mix of established luxury brands and emerging designers. Major players include:

• LVMH Moët Hennessy Louis Vuitton (France)
• Tiffany & Co. (U.S.)
• Cartier International SNC (France)
• Harry Winston, Inc. (U.S.)
• Chopard (Switzerland)
• Chow Tai Fook Jewellery (Hong Kong)
• Pandora Jewelry, LLC (U.S.)
• Safagroup (India)
• Bymystique (UAE)

These companies are focusing on:

• Expanding digital and omnichannel presence
• Offering affordable luxury collections
• Adopting sustainable sourcing
• Collaborating with local artisans for region-specific designs

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Market Drivers

1. Demand for Personalized and Custom Jewelry

Consumers, particularly millennials and Gen Z, are increasingly favoring personalized and customized necklaces that reflect their personal style, individuality, and values. Options such as engraved names, birthstones, and zodiac signs are highly sought after. Advancements in 3D printing, AI-driven design tools, and online customization platforms have made bespoke jewelry more accessible and affordable.

Additionally, rising participation of women in the workforce and enhanced spending power are contributing to higher demand for modern jewelry. For example, India’s female labor force participation rate increased to 37% in 2022-23, up from 30% in 2019-20, suggesting a growing customer base with disposable income to spend on jewelry.

2. Influence of E-commerce and Social Media

E-commerce platforms and social media are transforming the way consumers purchase necklaces. Platforms like Instagram, TikTok, and Pinterest have become critical marketing channels where brands leverage influencer collaborations, live shopping events, and targeted ads to boost engagement and sales.

Brands such as Kendra Scott have successfully partnered with influencers to promote collections, demonstrating the power of social media in shaping consumer preferences and driving online jewelry sales.

Market Restraints

Fluctuating Raw Material Prices

The necklace market faces challenges from the volatile prices of precious metals and gemstones, including gold, platinum, and diamonds. Such fluctuations increase manufacturing costs, which can elevate the retail prices of necklaces, thereby affecting consumer affordability and reducing demand. As these materials are core to jewelry production, sustained price volatility could pose a significant barrier to market growth.

Market Opportunities

Rise of Sustainable and Ethical Jewelry

A key trend shaping the necklace market is the rising demand for sustainable and ethically sourced jewelry. Environmentally conscious consumers are increasingly opting for pieces crafted from recycled metals, lab-grown diamonds, and conflict-free gemstones. As a result, supply chain transparency and responsible production practices are emerging as critical differentiators for brands targeting eco-aware buyers. In addition, the expansion of luxury tourism is fueling new opportunities, as travelers frequently purchase jewelry that showcases local craftsmanship and cultural heritage, particularly in high-end travel destinations.

Market Trends

The market is witnessing an increased emphasis on:

• Customization and Personalization: Brands offer bespoke services and modular neckpieces that can be customized with charms, initials, or birthstones.
• Sustainability: Rising adoption of eco-friendly practices and materials.
• Technological Integration: Use of AI, AR, and 3D printing for personalized designs and virtual try-on experiences.

Segmentation Analysis

• By Product
• By Material
• By Distribution Channel
• Regional Insights

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Key Developments

• Pandora launched lab-grown diamond necklaces in the U.S. and Canada in August 2022.
• Noudar Jewels introduced jewelry combining Arabian heritage with modern aesthetics in May 2022.

The global necklace market is set to witness robust growth through 2032, driven by personalization trends, sustainability, social media influence, and rising purchasing power, especially in emerging economies. However, price fluctuations of raw materials remain a key challenge. Brands that focus on innovation, sustainability, and customer-centric designs are well-positioned to capitalize on the market’s evolving landscape.

Market Overview

According to Fortune Business Insights, the global   PC gaming market   was valued at USD 76.73 billion in 2024 and is expected to expand from USD 86.12 billion in 2025 to USD 152.16 billion by 2032, reflecting a CAGR of 8.47% during the forecast period. In 2024, Asia Pacific held the largest share at 46.7%, fueled by strong consumer spending on subscriptions, in-game purchases, and active participation in online gaming communities across China, Japan, and India.

The growing appeal of PC games is attributed to their superior processing power, advanced graphics, and highly immersive experiences compared to mobile, tablet, and console platforms. Additionally, the integration of AI, mixed reality, and cutting-edge graphic design in gaming laptops and desktops is further accelerating demand.

Competitive Landscape

The global PC gaming market is moderately concentrated, with major players focusing on multi-platform game launches, technological advancements, and strategic partnerships.

Key Players

• Microsoft Corporation (U.S.)
• Nintendo Co. Ltd. (Japan)
• Rovio Entertainment Corporation (Finland)
• Nvidia Corporation (U.S.)
• Valve Corporation (U.S.)
• Electronic Arts, Inc. (U.S.)
• Sony Group Corporation (Japan)
• Bandai Namco Holdings Inc. (Japan)
• Tencent Holdings Ltd. (China)
• Activision Blizzard, Inc. (U.S.)

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Key Market Drivers

• Growing Gaming Laptop & Desktop Penetration
  The demand for high-performance gaming devices equipped with dedicated GPUs, advanced cooling systems, and increased RAMis surging. The rising popularity of eSports, sponsorships, and game streaming platforms like Twitch, Facebook Gaming, and YouTube Gaming is also a major growth catalyst.
  • For example, HP doubled gaming PC shipments in India in 2022, reaching 28 million unitsfrom 0.13 million in 2021.
• Technological Advancements in Gaming Hardware
  Improved processors and graphics cards deliver richer gaming experiences, driving player engagement and revenue growth.
• Expansion of Cross-Platform Play
  The increasing availability of cross-platform games with real-time interaction and enhanced graphicscreates new market opportunities and expands player communities.

Market Restraints

• High Costs of Gaming: Subscription fees, game purchases, and expensive peripherals (headsets, joysticks, keyboards) limit adoption among price-sensitive consumers.
• Gaming Addiction Concerns: Prolonged gaming sessions with intense graphics have raised regulatory and parental concerns in certain markets, impacting demand.

Market Opportunities

• Cloud Gaming & Game Streaming: The rise of platforms enabling high-end gaming without hardware investment offers significant growth prospects.
• AI Integration: Machine learning tools that enhance gameplay experiences, such as predicting competitors’ moves in multiplayer settings, are opening new avenues for innovation.

Regional Insights

Asia Pacific

• 2024 Revenue: USD 35.83 billion
• Fastest-growing region (CAGR: 10.13%), supported by large PC gamer populations, subscription spending, and gaming hardware adoption.
• Chinadominates due to a massive player base, strong desktop sales, and cross-platform/cloud gaming adoption.
• India benefits from government incentives like the expanded PLI scheme attracting gaming hardware manufacturers.
• Japan has high PC penetration and benefits from exclusive game releases.

North America

• Second-largest market in 2024, driven by high adoption in the U.S. and Canada.
• Strong presence of global developers like Epic Gamesand Valve, with significant in-game spending.

Europe

• Third-largest share, with strong demand for online multiplayer and cloud-based PC gaming services.
• Western and Central Europe see rising in-game purchases.

Rest of the World

• Growth in Brazil, Saudi Arabia, UAE, and South Africais fueled by rising internet penetration, social media coverage of gaming competitions, and increased accessibility to gaming laptops.

Recent Developments

• Mar 2025: Plug In Digital acquired PixelRatio to strengthen its European presence.
• Mar 2025: Xsolla updated its cloud gaming solution with AWS-powered streaming.
• Feb 2025: Rockstar Games launched GTA 6for PC.
• Jan 2022: Microsoft acquired Activision Blizzardto expand in PC, console, and cloud gaming.

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Market Trends

• Cross-Platform Integration: Games offering seamless experiences across PC, console, and mobile are expanding the player base.
• Rise of Subscription Models: Services like Xbox Game Passand EA Play are gaining traction, offering players access to extensive libraries at lower costs.
• Esports Growth: Competitive gaming events and streaming have become key revenue streams.
• AI & Immersive Technologies: Adoption of AI, VR, and MR enhances gameplay, graphics, and interactivity.

The global PC gaming market is on a strong growth trajectory, supported by technological advancements, the eSports boom, and the rise of cross-platform experiences. While high costs and addiction concerns remain challenges, opportunities in cloud gaming, AI-powered enhancements, and emerging markets are expected to drive substantial revenue gains through 2032.

Market Overview:

According to Fortune Business Insights  Athleisure Market  size was valued at USD 311.48 billion in 2023. The market is projected to grow from USD 338.48 billion in 2024 to USD 716.05 billion by 2032, exhibiting a CAGR of 9.82% over the forecast period.

Athleisure is a fashion trend blending athletic and leisure wear, crafted for both workouts and everyday casual use. Key clothing items include leggings, sweatpants, hoodies, sweatshirts, pullovers, joggers, athletic shorts, and yoga pants, focusing on functionality and style. The growing consumer demand for environmentally responsible products is driving brands to use sustainable materials such as organic cotton and recycled polyester, supporting market growth.

List of Key Players Mentioned in the Report:

• Lululemon Athletica Inc. (Canada)
• Adidas AG (Germany
• Under Armour, Inc. (U.S.)
• Hanesbrands Inc. (U.S.)
• EILEEN FISHER (U.S.)
• Vuori (U.S.)
• Outerknown (U.S.)
• PANGAIA (U.K.)
• Wear Pact, LLC (U.S.)
• PUMA SE (Germany)

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Segmentation:

Mass   Segment to Holds its Dominating Position owing to Growing Online Shopping

In terms of type, the market is bifurcated into mass and premium. In 2023, the mass segment held the highest market share and is projected to remain dominant throughout the study period. The growth is driven by rising online shopping, affordable pricing, and a continuous flow of new product designs that encourage frequent purchases.

T-shirt is Leading Athleisure Product Favored by Functionality and Comfort

As per product, the market is classified into sweatpants and t-shirt, hoodies, sweatshirt, and pullovers, yoga pants & leggings, sports bras, sweatpants and joggers, athletic shorts, and others. The t-shirt segment captured the largest athleisure market share in 2023 due to their blend of comfort and functionality. Their stretch, moisture-wicking, and breathable qualities make them a preferred choice for everyday and athletic activities.

Women Segment Leads Owing to Rising Women Participation in Outdoor Activities

By end-use, the market is segregated into men, women, children, and unisex. The dominance of the women’s athleisure segment is driven by more women engaging in outdoor activities and the availability of diverse, stylish options. Market players, including new entrants such as “ONLY PLAY” in August 2022, enhance their offerings with innovation and fashion-forward designs. 

Offline Segment Records Largest Share Owing to its Ability to Examine Product Quality

In terms of distribution channel, the market is divided into e-commerce/online stores and offline. In 2023, the offline segment led in market revenue, driven by sporting goods retailers offering diverse athleisure brands and personalized service. The ability to examine product quality and experience a trial fitting enhances consumer satisfaction and drives growth.

In terms of region, the market is categorized into Europe, North America, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The report offers:

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• The latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers and Restraints:

Shift in Fashion Preferences   to Propel Market Growth

The growing preference for casual and comfortable clothing, fueled by remote and flexible remote environments is driving the expansion of the market. Moreover, the growing social media and influencer culture, with celebrities endorsing versatile athleisure styles, has significantly boosted the popularity of the market.

However, the widespread availability of counterfeit products, replicating premium product designs, negatively impacts brands image and sales, limiting athleisure market growth.

Regional Insights:

North America Dominated the Market Owing to High R&D Investment

North America held the apex position in the market in 2023. The region’s substantial investment in R&D for textiles and sustainability, including the use of ethically sourced materials and low-impact manufacturing, has significantly contributed to the region’s market growth.

In Europe, high awareness of health and wellness, combined with social trends favoring comfort and casual wear, has driven consumers to embrace the product, boosting market growth. 

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Competitive Landscape:

Key Players Emphasis on Innovations to Enhance Product Visibility

The athleisure market is intensely competitive, with major and local brands focusing on innovation, differentiation, and strategic collaborations. Partnerships and endorsements, such as Nitches’ October 2021 deal with John Lewis, are pivotal for expanding market reach and enhancing product visibility. 

Key Industry Development:

February 2024:  lululemon, a company manufacturing athletic apparel, footwear, and accessories for yoga, running, training, and most other activities, launched a footwear collection offering athletes a complete uniform from head to toe. This includes debut casual sneaker, Cityverse and new running models: Beyondfeel and Beyondfeel trail. The collection is available for both men and women, online and in select stores across Europe, North America, and Mainland China.

Market Overview:

According to Fortune Business Insights  Console Table Market  size was valued at USD 4.24 billion in 2024 and is expected to be worth USD 4.41 billion in 2025. The market is projected to reach USD 5.98 billion by 2032, recording a CAGR of 4.45% during the forecast period.

A console table is a piece of furniture that has a long and narrow design and is either placed behind a sofa or against a wall. It is available in a vast range of materials, such as metal, wood, and glass and seamlessly combines style with functionality. A console table not only elevates the aesthetics of a living space, but also offers various functions, such as acting as a workspace, storage unit, or display surface. The growing trend of purchasing stylish yet functional pieces of furniture is one of the key factors driving the demand for console tables.

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Steelcase Inc. (U.S.)
• Ashley Furniture Industries, Inc. (U.S.)
• Global Furniture USA (U.S.)
• Pepperfry Limited (India)
• IKEA (Sweden)
• HNI Corporation (U.S.)
• Ethan Allen Global, Inc. (U.S.)
• Godrej & Boyce Mfg. Co. Ltd. (India)
• B&B ITALIA SPA (Italy)
• MillerKnoll, Inc. (U.S.)

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Segmentation:

Others Segment to Dominate Market With Rising Demand for Unique, Multipurpose Tables

Based on product, the market is divided into traditional console tables, modern console tables, industrial console tables, rustic console tables, and others. The others segment will dominate the market in the future as customers are looking for uniquely designed tables that come with numerous innovative features.

Wooden Console Tables Gained Major Traction Owing to Their Versatility

Based on material, the market is segmented into wood, metal, glass, and others. The wood segment captured the biggest market share as this material is highly versatile and helps manufacturers design tables in different styles.

Residential Segment Holds Largest Market Share With Rising Interest in Home Décor

Based on application, the market is classified into residential and commercial. The residential sector accounts for the largest console table market share as several homeowners are becoming more interested in home décor to elevate the overall aesthetics of their living spaces.

Customer Footfall Rises in Offline Stores Due to Demand for Personalized Customer Service

Based on distribution channel, the market is divided into online and offline. The offline segment is dominating the market as customers can get personalized services from sales agents at offline stores. These agents, through their expert advice, can help customers purchase the right console table for their space.

With respect to region, the market covers North America, Europe, Asia Pacific, and the rest of the world.

Report Coverage:

The report has conducted a detailed study of the market and highlighted several critical areas, such as popular products, materials, applications, distribution channels, and prominent market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.

Drivers and Restraints:

Rising Preference for Eco-Friendly Products to Accelerate Market Growth

An increasing number of furniture manufacturers are making their operations more sustainable to reduce their carbon footprint and enhance their brand image. Eco-friendly materials, such as reclaimed wood, recycled metals, and bamboo are being used by furniture manufacturing companies to make console tables. This move will help them lure in more eco-conscious customers, which will have a positive impact on the market’s progress.

However, extreme fluctuations in raw material prices can hinder the console table market growth.

Regional Insights:

Asia Pacific Dominated Global Market Due to Increasing Disposable Income of Customers

Asia Pacific held the largest global market share in 2024 as the average disposable incomes of customers across the region is increasing every year. This factor has given them the liberty to splurge on expensive furniture products, such as high-end console tables.

Europe is also positively contributing to the global market’s growth as governments across the region are introducing financial schemes, such as grants and subsidies to help SMEs gain an easier access to capital in the furniture industry.

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Competitive Landscape:

Market Players to Focus On Developing Console Tables With Unique Designs to Cater to Customers’ Needs

Some of the top companies operating in the global console table market are partnering with other firms to design and manufacture console tables with unique designs. They are also improving the features of their products by integrating them with smart technologies. Such improvements will help them expand their current product range and attract more customers.

Notable Industry Development:

November 2024:  Ethan Allen, a global manufacturer of furniture, was recognized for its commitment to eco-friendly wood sourcing when it received the "Most Improved" designation for 2024 from the National Wildlife Federation (NWF) and the Sustainable Furnishings Council (SFC). This award showcased the company's improvements in its sustainability practices, especially its adoption of certified sustainable wood in the production of furniture.