Fortune Business Insights  has published its latest research study “ Home Renovation Market ” 2025 analysis based on the following topics: Industry size, share, growth, segmentation, manufacturers and developments, key trends, market drivers, restrictions, regulations, distribution methods, opportunities, strategies, potential roadmaps, and annual forecast to 2032”. Your business will grow much faster with the help of an authentic source of statistical surveys from the Smart Contracts Market Report 2025 – 2032.

The global home renovation market size valued at USD 1,994.02 billion in 2024. The market is projected to grow from USD 2,049.25 billion in 2025 to USD 2,659.60 billion by 2032, exhibiting a CAGR of 3.79% over the forecast period.

Top Key Players In The Industry

Power Home Remodeling, KB Home, Vinci SA, ABC Supply Co., Inc., Builders FirstSource Inc., Larsen & Turbro Ltd, China State Construction Engineering Corporation, Skanska AB, Kohler, Obayashi Corporation & Others

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Reasons to Buy This Report:

• Detailed analysis of factors, barriers, opportunities and challenges affecting market growth.
• Monitoring important developments in the industry such as new product launches, agreements, mergers and acquisitions, geographic expansions and joint ventures.
• Identifying the restraining and strengthening factors in the market.

Comprehensive Overview of the Global Home Renovation Market

This report provides an in-depth analysis of the global  Home Renovation Market . It includes quantitative and qualitative analysis by manufacturer, region, country, type, and application. In line with the ever-changing market dynamics, the report covers the competitive landscape, supply and demand trends, and key factors driving the changing demands in the industry.

Introduction to Marketing Framework:

• Marketing Strategy and Implementation Steps
• Evaluation of market development with development trends, competition analysis, supply-demand balance, annual growth rates, competition comparisons, supplier profiles, CMI quadrant and other important analyses
• Presentation of regional and country-based special reports depending on demand
  Analysis of fast-growing regions and potential and niche segments Analysis of market size (historical data and forecasts), Total Addressable Market (TAM), Serviceable Current Market (SAM), Serviceable Available Market (SOM), market dynamics, technological developments, competition landscape and leading players (innovators, new ventures, market followers and leaders)

Key Questions:   

• How are sales, production, consumption, import and export trends shaped in the global market (North America, Europe, Asia-Pacific, South America, Middle East and Africa)?

• Who are the leading manufacturers in the sector?
  
  
• What are the current capacity, production volume, sales performance, pricing, policies, costs, gross profit rate and revenue levels?
  
  
• What are the major risks and opportunities faced by the market?

Key Offerings:
• Market Size, Trends and Revenue-Based Forecasts
• Market Dynamics – Leading Trends, Growth Drivers, Barriers and Investment Opportunities
• Market Segmentation – Detailed Analysis by Low-Floor Light Rail Vehicles, High-Floor Light Rail Vehicles, Urban Light Rail Vehicles, Connected Cities and Regions
• Competitive Landscape – Leading Suppliers and Other Key Players

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Solution
This research report serves as a valuable resource for stakeholders looking to make informed decisions and capitalize on growth opportunities within [sector/industry]. By understanding market trends and consumer behavior, businesses can adapt their strategies to drive innovation and ensure sustainable growth.

Key Industry Development:

• December 2024:  Builders First Source, Inc., a prominent player in the Building Products industry, announced the signing of a definitive agreement to acquire Alpine Lumber Company. Through this acquisition, the company has strongly expanded its footprint in the New Mexico and Colorado markets.

Market Overview:

According to Fortune Business Insights  Outdoor Furniture Market  size was valued at USD 53.27 billion in 2024. The market is projected to grow from USD 56.00 billion in 2025 to USD 81.44 billion by 2032, exhibiting a CAGR of 5.50% during the forecast period. 

Outdoor furniture is mainly used to bring comfort and cosiness to outdoor settings. It is usually designed to withstand severe climatic conditions such as heat, cold temperatures, and rain. It is multi-functional and needs low maintenance and brings a charm to spaces such as lawns, gardens, and backyards of homes. Increasing urbanization and growing living standards of people have encouraged manufacturers to design furniture as per latest fashion and luxury trends thus aiding market proliferation.This information is provided by  Fortune Business Insights , in its report titled, “ Outdoor Furniture Market, 2023-2030 .”

List of Key Players Mentioned in the Report:

• IKEA (Netherlands)
• Brown Jordan Co. (U.S.)
• Gloster Furniture (U.S.)
• Aura Global Furniture (India)
• Kettal Group (Spain)
• Woodard Furniture (U.S.)
• Royal Botania (Belgium)
• Ashley Furniture Industries, Inc. (U.S.)
• Kimball International (U.S.)
• Bernhardt Furniture Company Inc. (U.S.)

Segmentation:

Tables Segment to Lead Stoked by Rising Remote Working Population

As per product type, the market is split into tables, chairs, dining sets, and others. Among these, the tables segment is expected to dominate the market due to rising prevalence of remote working conditions that boosted the demand for tables across households. Moreover, tables are portable, spacious, and compact and enable users to work from common spaces with ease this aiding segment expansion.

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Wood Segment to Dominate Owing to Durability and Waterproof Nature

According to material type, the global market is divided into wood, metal, plastic, and others. Among these, the wood segment captured the largest outdoor furniture market share in 2022 backed its low maintenance requirements and high durability. Moreover, some wood varieties such as teakwood, cedar, mahogany, and acacia wood are waterproof and possess insect repellent properties making them the ideal choice for crafting essential furnishing items for outdoor use thus aiding segment growth.

Residential Segment to Hold Major Share Due to Growing Disposable Income

Based on end user, the market is bifurcated into residential and commercial. Among these, the residential segment led the market in 2022 owing to rising disposable income and surging demand for lawn and balcony fixtures for homes. Additionally, rising consumer focus on home renovation and modification will also contribute to segment expansion in the upcoming years.

Geographically, the market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The report entails valuable insights into:

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market
• Regional and segmental developments
• List of major industry players
• Key strategies adopted by the market players
• Recent industry developments including product launches, partnerships, mergers, and acquisitions

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Drivers and Restraints:

Rising Number of Rooftop Restaurants and Hotels to Propel Market Proliferation

Rising urbanization and growing purchasing power of the population have increased expenditure on recreation activities such as dining in rooftop restaurants and bars. This, in turn, aided outdoor furniture market growth as product demand from hospitality sector increased.  Moreover, the common areas in hotels and restaurants have ample spaces for seating and can be furnished to increase seating capacity. Growing investments in decorative furnishings for garden spaces have aided market proliferation.

On the other hand, the high cost of raw materials such as wood and metal will act as a challenge for businesses operating in this domain.

Regional Insights:

Asia Pacific to Capture Significant Share Due to Expansion of Real Estate Sector

Asia Pacific held the dominant market share in 2022 owing to the growing number of construction projects and growth of the real estate industry. This, in turn, is contributing to regional market growth. Moreover, easy availability of a wide range of upholstery items and easy access to various international and domestic furnishing brands online has attributed to market proliferation in this region.

North America market is slated to grow significantly in the forthcoming years backed by presence of leading upholstery manufacturers such as Sunset West U.S., Brown Jordan, and Gabriella White LLC. Changing consumer inclination and growing disposable income have escalated the demand for chairs for lawns and outdoor settings.

Europe market is projected to grow substantially in the forthcoming years backed by launch of premium furnishing collections for decorating outdoor spaces. The high number of gardens and lawns in the region have generated demand for benches and chairs for outdoor seating thus attributing to market growth in this region.

Competitive Landscape:

Unveiling of New Stores by Leading Players to Propel Market Augmentation

Industry leaders in this domain are making several moves to strengthen their positioning and expand customer base to gain a competitive advantage over new entrants. One such move is opening new stores to make their products accessible to a wider customer base. For instance, in December 2022, Brown Jordan Co., inaugurated its new Manhattan flagship showroom in the New York Design Center at 200 Lexington Avenue. The newly opened showroom will help customers to explore the wide range of cutting-edge finishes, designs, and fabrics of outdoor furniture.

Key Industry Development:

March 2023:  SICIS s.r.l. has launched its outdoor furniture products in India, which are available through Tessera India. The launch will help the company in increasing its customer base along with its product portfolio in India.

Market Overview:

According to Fortune Business Insights global  Apparel Market  size was valued at USD 1,700.52 billion in 2023. The market is expected to expand from USD 1,749.67 billion in 2024 to USD 2,307.04 billion by 2032, exhibiting a CAGR of 3.52% over the study period.

The market is an extensive and dynamic sector, which entails a diverse array of products, from daily casual wear to high-end fashion. The evolution of consumer preferences and surging fast fashion is slated to impel the market growth. Moreover, the fast fashion model, which encompasses affordable pricing and rapid production cycles has brought a transformation in the dynamics of the clothing industry.

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:

Casual Wear/Fashion Wear Segment Led Due to Varying Consumers’ Lifestyles

In terms of type, the market is classified into casual wear/fashion wear, formal wear, swimwear, outerwear, sportswear & activewear, agricultural work clothing/farm apparel, work wear, ethnic wear, sleepwear, and others. The casual wear/fashion wear segment occupied the largest apparel market share in 2023 on account of variations in consumers’ lifestyles, which places more focus on utility and comfort.

Durable Nature of Synthetic Fiber to Impel Segment Growth

On the basis of material, the market is segmented into synthetic, cotton, wool, leather, denim, satin, and others. The synthetic segment secured the largest share in 2023, which can be credited to the rising prominence gained by synthetic fiber owing to its ease in printing and dyeing, quick-drying, wrinkle-resistant, durable, and versatile nature.

Surging Demand in the Female Fashion Industry to Spur Segment Expansion

With respect to end-user, the market is categorized into men, women, children, and unisex. The women segment is anticipated to witness the largest share during the forecast period, which can be attributed to rising demand in the female fashion industry as compared to men due to accessibility to a broad range of clothing collections, such as skirts, bralettes, scarves, shorts, leggings, skirts, dresses, and crop tops, among others.

Mass Segment Held a Leading Position Owing to Production of Garments in Various Designs

By category, the market for apparel is divided into mass/economy, premium, and luxury. The mass segment depicted the largest share in 2023 on account of the production of these garments in different designs and patterns with affordable pricing and shorter turnaround time, which leads to higher revenue generation.

Supermarkets & Hypermarkets   Segment Dominates Driven by Face-to-face Interaction Provided by Brick-and-mortar Stores

In terms of distribution channel, the market is categorized into supermarkets & hypermarkets, specialty stores/branded stores, department stores, online/e-commerce, and others. The supermarkets & hypermarkets segment registered the largest share in 2023 due to face-to-face interaction offered by brick-and-mortar stores and offline retail formats, which deliver a more personalized experience.

On the regional front, the market for apparel is segregated into South America, Asia Pacific, the Middle East & Africa, North America, and Europe.

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.

Market Overview-

According to fortune Business Insights The global  toilet paper market  size was USD 26.14 billion in 2019 and is projected to reach USD 49.91 billion by 2032, exhibiting a CAGR of 5.14% during the forecast period.

How Did We Create This Report?

Various insights present in the report were derived from extensive primary and secondary research. Our expert advisors and analysts used quantitative and industry-wide market projection methodologies and customer insights tools to make authentic data available to the clients. The report also provides an uncluttered evaluation of projections and estimations on the market dynamics.

A list of all the renowned toilet paper producers operating in the global market:

• Procter & Gamble Co. (Cincinnati, U.S.)
• Kimberly-Clark (Dallas, U.S.)
• Essity AB (Stockholm, Sweden)
• Georgia-Pacific LLC (Atlanta, U.S.)
• Hengan Group (Jinjiang, China)
• Sofidel Group (Porcari, Italy)
• Kruger Inc. (Montreal, Canada)
• Empresas CMPC S.A (Santiago, Chile)
• WEPA Hygieneprodukte GmbH (Arnsberg, Germany)
• Unilever (London, U.K.)

Drivers & Restraints-

Rising Working-class Population to Spur Demand

The rising trend of travel and tourism is expected to broaden the hospitality industry worldwide. The demand for toilet paper in restaurants, resorts, and hotels is growing rapidly on account of the increasing hygiene requirements. Apart from that, the surging working-class population will further raise the usage of this product in corporate sectors and offices. For instance, the U.S. Census Bureau’s data on Country Business Pattern revealed that the total number of establishments was 7,860,674 in 2017. It reached 7,912,405 in 2018. These factors are set to propel the toilet paper market growth in the coming years. However, the rising popularity of bidet toilets may hamper growth by limiting demand.

Segment-

Household Segment to Grow Rapidly Stoked by Rising Number of Nuclear Families

Based on application, the household segment generated 60.16% in terms of the toilet paper market share in 2019. This growth is attributable to the increasing usage of toilet paper in homes as it is considered to be an essential daily use commodity. Besides, the surging trend of living alone, as well as the rising number of nuclear families in urban areas would aid growth of this segment.

Regional Analysis-

Surging Number of Hospitality Facilities to Favor Growth in Europe

Geographically, Asia Pacific earned USD 9.55 billion in 2019 in terms of revenue. Though the per capita toilet paper usage is relatively lower in this region, the rapid industrialization and urbanization would result in the development of improved restrooms, thereby leading to rising demand.

North America, on the other hand, is anticipated to grow significantly backed by the rising spending power of people residing in Canada and the U.S. Europe is set to show rising usage of toilet paper because of the increasing number of hospitality facilities in the region.

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Competitive Landscape-

Key Players Focus on Investing in Development of New Production Facilities

The market for toilet paper houses a large number of manufacturers that are mainly aiming to invest hefty amounts of money in developing new production facilities. They are doing so to increase their production capacities and to cater to the rising demand worldwide. Below are the two latest industry developments:

• September 2020 : Andritz AG bagged a new order from Guangdong Hengan Paper Co., Ltd. to provide four tissue machines to its mill situated in China. It will be used to produce premium-quality handkerchief, toilet, facial, and napkin tissue made out of virgin market pulp.
• April 2019 : Naheola mill will be getting an investment of approximately USD 120 million for developing new roll storage and tissue machine building. This will help the company to enhance its bath tissue business.

Market Overview

According to Fortune Business Insights, the Global   Plastic Furniture Market   was valued at USD 25.93 billion in 2024 and is projected to reach USD 40.87 billion by 2032, growing at a CAGR of 5.92% during the forecast period (2025–2032).

The growing demand for affordable, lightweight, and space-efficient furniture across residential, hospitality, and commercial sectors is fueling the expansion of the plastic furniture market. In 2024, Asia Pacific dominated the global landscape with a 58.27% share, supported by strong manufacturing hubs in China and India and rising consumer preference for cost-effective, foldable home décor solutions. Plastic furniture offers distinct advantages over wood and metal alternatives, including affordability, corrosion resistance, and greater design versatility. With continuous advancements in material engineering, manufacturers are increasingly adopting polypropylene (PP), polyethylene (PE), and recycled plastics to improve durability while aligning with sustainability objectives.

Competitive Landscape

The global plastic furniture market is moderately consolidated with key players focusing on geographic expansion, innovation, and sustainability. Major companies include:

• Nilkamal Limited (India)
• PIL Italica Lifestyle Ltd. (India)
• Inter IKEA Systems B.V. (Netherlands)
• Ashley Furniture Industries, Inc. (U.S.)
• Keter Group (Israel)

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Market Drivers

1. Rising Commercial Infrastructure Investments

The expansion of commercial spaces such as hotels, schools, offices, and restaurants is significantly boosting the demand for plastic furniture. These establishments are increasingly adopting lightweight, stackable, and easy-to-clean furniture made from plastics like ABS and PP for convenience and maintenance efficiency. The trend of remodeling and contract furniture purchases in the hospitality sector also contributes to market expansion.

2. Surge in Home Renovation & Affordable Furniture Needs

With a growing middle-class population and rapid urbanization, particularly in emerging markets like India and Southeast Asia, the demand for cost-effective furniture solutions is on the rise. Consumers increasingly prefer foldable chairs, plastic center tables, and compact cabinets to save space in small living areas.

Market Restraints

1. Competition from Alternative Materials

Despite its affordability, plastic furniture faces competition from materials such as engineered wood, metal, and bamboo, which are perceived as more premium or durable. Consumers in developed economies may also avoid plastic due to concerns about quality and environmental sustainability.

Market Opportunities

1. Emphasis on Recycled Plastic and Eco-Friendly Designs

Sustainability is a key opportunity area in this market. Furniture made from recycled plastic materials is gaining traction among environmentally conscious consumers. Manufacturers are partnering with plastic waste recycling firms to source raw materials and reduce environmental impact. For example, Tesco Plc partnered with Veolia to transform post-consumer plastics into practical outdoor furniture like benches and tables.

2. Growing Popularity of Smart and Multi-functional Plastic Furniture

Integration of features like USB charging ports, wireless charging pads, and adjustable heights in plastic desks and chairs is appealing to the tech-savvy, younger demographic. This product innovation opens new avenues in the premium plastic furniture segment.

Segmentation Analysis

• By Material
• By Type
• By End-User
• By Distribution Channel

Regional Insights

Asia Pacific

With revenues reaching USD 15.11 billion in 2024, Asia Pacific is the largest and fastest-growing region. Factors such as abundant raw materials, a strong manufacturing base, and rising urbanization in countries like China, India, Thailand, and Vietnam drive regional growth. Additionally, large-scale real estate investments, such as Supalai PCL’s USD 1.36 billion housing projects in Thailand, fuel furniture demand.

Europe

The European market is supported by strong regulatory backing for sustainable and recycled furniture. Countries like the U.K., France, and Italy are increasingly using recycled plastic in hotel and residential furniture. The hotel room occupancy rate in England reached 65% in January 2025, reflecting strong demand in hospitality settings.

North America

Consumers in the U.S. and Canada are inclined toward luxury and matte-finished plastic furniture. Home renovation and minimalist furniture design trends support market performance.

Rest of the World

In the Middle East and Africa, rising commercial developments and increasing household demand for budget furniture are key growth factors. Countries like Saudi Arabia, UAE, and Brazil are major contributors due to growing hospitality and café culture.

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Recent developments highlight a strong push toward sustainability and expansion:

• March 2024 : Arsenal Capital Partners acquired  Poly-Wood LLC , a recycled plastic furniture manufacturer.
• December 2023 : IKEA unveiled the  Nytillverkad collection featuring plastic particleboard furniture.
• September 2023 : IKEA invested  USD 126.93 million to expand retail presence in India.

The global plastic furniture market is on a solid growth trajectory driven by affordability, compact design preferences, and evolving consumer lifestyles. The shift toward sustainable and smart furniture offers promising opportunities for innovation and differentiation. Asia Pacific remains at the forefront, while other regions like Europe and North America are advancing through sustainable practices and home improvement trends. Strategic partnerships and eco-friendly material innovations will shape the competitive landscape in the years ahead.

Market Overview:

According to Fortune Business Insights Global   Power Bank Market   size was valued at USD 14.74 billion in 2024. The market is projected to grow from USD 15.56 billion in 2025 to USD 23.64 billion by 2032, exhibiting a CAGR of 6.15% during the forecast period. Asia Pacific dominated the power bank market with a market share of 43.89% in 2024.

The global power bank market has witnessed significant growth in recent years, fueled by the rising adoption of smartphones, tablets, wearables, and other portable electronic devices that require reliable charging solutions. Compact designs, universal compatibility, and advanced features such as fast charging and wireless functionality have made power banks an essential accessory for modern consumers. Growing demand from travelers, gamers, and remote workers is further driving the need for portable charging solutions, propelling the market’s expansion worldwide.

LIST OF KEY POWER BANK COMPANIES PROFILED

• Xiaomi (China)
• Koninklijke Philips N.V. (Netherlands)
• Lenovo (China)
• Intex Technologies (India)
• Sony Group Corporation (Japan)
• ADATA Technology Co., Ltd. (Taiwan)
• Sunvalley Group (RAVPower)
• BBK Electronics Corp. Ltd. (Realme) (China)
• ZAGG Inc. (mophie) (U.S.)
• AUKEY Official. (China)

Market Trends
The power bank market is evolving swiftly, shaped by shifting consumer preferences and technological advancements. A prominent trend is the growing demand for wireless and fast-charging power banks, which offer enhanced convenience and speed. High-capacity models (20,000 mAh and above) are also gaining traction as they allow users to charge multiple devices at once. The introduction of solar-powered and eco-friendly power banks reflects an increasing consumer focus on sustainability. Furthermore, brands are utilizing social media platforms for marketing and customer engagement, boosting visibility and appeal. The trend toward compact, lightweight, and aesthetically appealing designs aligns with the lifestyle needs of urban consumers and those in developing markets.

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Market Drivers:

The global power bank market is primarily driven by the rising adoption of smartphones, tablets, and other portable electronic devices that require frequent charging due to high battery consumption. The surge in internet penetration, increasing mobile gaming, social media usage, and digital transactions worldwide has amplified the demand for reliable and portable charging solutions. Additionally, the growth in outdoor activities such as camping, trekking, and adventure tourism, where access to electricity is limited, fuels the need for high-capacity power banks. Technological advancements, including the introduction of fast-charging, wireless charging, and solar-powered power banks, as well as the increasing affordability and availability of budget-friendly options, further contribute to the market's growth.

Regional Insights:

• Asia Pacific  led the market in 2024 with an  89% share , driven by rising smartphone adoption, mobile gaming, and internet penetration.
• North America  and  Europe  are set to witness robust growth due to the surge in outdoor activities, mobile gaming, and wearable tech adoption.

Top Growth Drivers:
Rising smartphone and tablet adoption globally
Growth in outdoor and adventure activities
Advancements in wireless charging & high-capacity batteries

Why Read This Report?
This report provides valuable insights into the  competitive landscape, key industry developments, market dynamics, trends, and growth opportunities  shaping the future of the power bank market. It is a must-read for stakeholders, investors, and businesses looking to stay ahead in this evolving sector.

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KEY INDUSTRY DEVELOPMENTS
December 2024 -  Stuffcool, an India-based manufacturer of consumer electronic products, announced the launch of Roam Power Bank. This product is 11cm tall and 7cm wide, and it has a 10,000 mAh battery capacity with a Type-C 20W PD port.

December 2024 -  Xiaomi, a China-based consumer electronics manufacturer, announced the launch of an 18W power bank with a battery capacity of 30,000 mAh in the European market. The product can charge three devices simultaneously via USB-A and USB-C ports.

Market Overview:

According to Fortune Business Insights, Global  Footwear Market  size was valued at USD 463.87 billion in 2024 and is expected to be worth USD 495.46 billion in 2025. The market is projected to reach USD 789.52 billion by 2032, recording a CAGR of 6.88% during the forecast period.

The global footwear market includes a wide range of products, such as boots, sandals, shoes, and slippers. These items are available in diverse designs, colors, and materials, enhancing their appeal among consumers. Key factors fueling market growth include rising disposable incomes, increasing demand for premium and high-quality footwear, rapid urbanization, and shifting consumer lifestyles.

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Nike, Inc. (U.S.)
• Adidas AG (Germany)
• Skechers (U.S.)
• Puma SE (Germany)
• Under Armour (U.S.)
• Crocs, Inc. (U.S.)
• Geox (Italy)
• ECCO Sko A/S (Denmark)
• New Balance (U.S.)
• Relaxo Footwears Limited (India)

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Segmentation:

Casual Segment Captured Dominant Share Driven by Their Ease and Suitability Factors

In terms of type, the market is segmented into casual, athletic/sports, formal, and others. The casual segment captured the dominant global footwear market share in 2024, driven by its comfort and suitability factors. Casual footgear is available in various designs and aligns with the latest fashion trends.

Men Segment Led Market Owing to Rise in Fashion Consciousness and High Interest in Sports Activities

In terms of end user, the global market is segmented into men, women, and kids. The men segment held the leading position in the global market. The segment’s growth can be attributed to the surge in fashion awareness in the male population and their high interest in sports activities such as cricket and football.

Supermarket/Hypermarket Segment Led Market Owing to Wide Availability of Diverse Array of Brands

In terms of distribution channels, the market is categorized into supermarkets/hypermarkets, specialty stores, online/e-commerce, and others. The supermarket/hypermarket segment led the market owing to the wide availability of a diverse array of footwear brands. They also provide an extensive variety of footgear at affordable prices and offer promotional discounts, increasing consumer interest in them.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

This report presents an in-depth analysis of the global footwear market, examining key aspects such as major product types, distribution channels, end-user segments, and prominent market players. It also highlights the latest market trends and significant industry developments. In addition to these areas, the report provides insights into various other factors that have contributed to the market’s growth.

Drivers and Restraints:
Rising Sports Participation and Sustainable Trends to Drive Market Growth
The growing interest in sports activities such as football and cricket—motivated by fitness, recreation, and health benefits—is significantly boosting the demand for sports footwear. Increased participation in sports events and tournaments further accelerates product adoption. Additionally, heightened consumer awareness about environmental issues is driving demand for eco-friendly footwear made from sustainable materials like organic cotton and recycled plastics. In response, leading manufacturers are ramping up their production of environmentally responsible footwear.

However, the market faces challenges due to varying regulations and policies governing the manufacturing and sale of footwear, which could potentially hinder overall market growth.

Regional Insights:
Asia Pacific Leads Due to Strong Manufacturing Base and E-commerce Growth
Asia Pacific dominated the global footwear market in 2024, primarily driven by the presence of major manufacturing hubs such as China and India. These countries are among the world’s top footwear producers. Additionally, the rapid growth of the e-commerce sector—spurred by increasing internet penetration and smartphone usage—is contributing to the region’s market expansion.

North America Ranks Second with Demand for Smart Footwear
North America holds the second-largest market share, supported by a tech-savvy consumer base that is increasingly drawn to smart footwear featuring innovations like GPS tracking and smartphone connectivity. The U.S. remains a key contributor to regional growth, with high engagement in sports such as football and hockey fueling strong demand for performance-driven footwear.

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Competitive Landscape:

Leading Players Focus on Cutting-Edge and Unique Footgear Development to Strengthen Their Market Positions

Intense competition comprising mid-scale, large-scale, premium, and local brands characterizes the global market. These brands are incorporating various strategic initiatives such as collaboration, production expansion, and marketing to strengthen their market positions. The leading players are focusing on cutting-edge and unique footgear development with features such as 3D printing.

Notable Industry Development:

May 2024:  Skechers, an American brand of footgear and apparel, launched its new store in Prague. The store is located in High Street Na Príkope and offers products such as footgear, accessories, and apparel.

Market Overview

According to Fortune Business Insights, the Global   Event Tourism Market   was valued at USD 1,447.40 billion in 2024 and is projected to reach USD 2,524.52 billion by 2032, growing at a CAGR of 7.33% during the forecast period. Europe dominated the market with a 40.12% share in 2024, driven by its rich cultural heritage and tradition of hosting diverse events.

Definition Event tourism involves traveling to attend events such as business conferences, trade shows, music festivals, sports competitions, cultural fairs, and more. Modern tourists increasingly seek immersive, culturally rich experiences that extend beyond traditional sightseeing.

Competitive Landscape Key players are integrating sustainability, renewable energy, and eco-friendly practices in event tourism.

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,   Global   Console Table Market   size was valued at USD 4.24 billion in 2024. The market is projected to grow from USD 4.41 billion in 2025 to USD 5.98 billion by 2032, exhibiting a CAGR of 4.45% during the forecast period.

A console table is a long, narrow piece of furniture typically positioned behind a sofa or along a wall. Available in a variety of materials, including wood, metal, and glass, it blends style with practicality. Beyond enhancing the visual appeal of a space, a console table serves multiple purposes — from providing a display surface to offering storage or even functioning as a compact workspace. The rising preference for furniture that combines aesthetic appeal with functionality is a major factor fueling the demand for console tables.

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.

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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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.

Market Overview:

According to Fortune Business Insights, Global   Quick Commerce Market   size hit USD 170.80 billion in 2024. The market is slated to rise from USD 184.55 billion in 2025 to USD 337.59 billion by 2032, exhibiting a CAGR of 9.01% over the forecast period.

Quick commerce involves delivering high-demand products—such as ready-to-eat meals, groceries, and personal care items—within 30 minutes. The adoption of advanced technologies, including real-time inventory management and AI-driven route optimization, is expected to create significant growth opportunities for players in the industry.

Competitive Landscape:

Leading Corporations to Gain Edge via Merger and Acquisition Strategies

The market is fiercely competitive, with both global and regional players fighting to gain a substantial share. Acquisitions and mergers can be observed throughout the global market which has helped leading companies to be a key differentiator. Moreover, industry participants are also gaining huge funding to cement their position in the regional market.

List of Key Players Mentioned in the Report:

• Getir (Turkey)
• Blinkit (India)
• GoPuff (U.S.)
• Flink (Germany)
• Swiggy Instamart (India)
• Zapp (U.K.)
• Dunzo (India)
• Glovo (Spain)
• Zepto (India)
• JOKR (U.S.)

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Segmentation:

Cashless Segment Held Key Share in 2024 Owing to Escalation in Digital Transactions

Based on mode of payment, the market is subdivided into cashless payments and cash on delivery. In 2024, the cashless segment recorded a leading market share and is anticipated to dominate the global market over the projection period. The rise in digital transactions with a surge in the numerous modes of cashless payments, including debit cards, credit cards, UPI apps, internet banking, and mobile banking, is anticipated to propel segmental expansion.

Grocery Segment Registered Prominent Market Share Driven by Reliance of Urban Consumers on Quick Home Delivery

On the basis of product, the market is categorized into groceries, beauty & personal care, fresh food & beverages, electronics & toys, and others. The grocery segment accounted for a dominating quick commerce market share in 2024 considering the reliance of urban consumers on quick home delivery for last-minute requirements.

Mobile Application Segment Garnered Major Share Fostered by High Smartphone Penetration

By channel type, the market is fragmented into web portals and mobile applications. In 2024, the mobile application segment registered a key market share impelled by easy internet accessibility and high smartphone penetration.

Based on geography, the market has been studied across North America, Europe, Asia Pacific, and the rest of the world.

Report Coverage:

The report presents an analysis of the quick commerce industry based on mode of payment, product, channel type, and region. It further gives an account of the major steps adopted by leading companies to strengthen their market positions. The key factors set to drive market expansion and the prominent industry trends have also been mentioned in the report.

Drivers and Restraints:

Surging Consumer Demand for Speed and Convenience to Propel Industry Expansion

The escalation of working professionals, busy lifestyles, and an increase in urbanization are poised to drive the demand for convenient and faster product delivery. The model is suitable for people in urban areas. Furthermore, these companies provide discounts that cannot be matched by offline stores. The consumer demand for speedy product delivery is anticipated to drive quick commerce market growth.

Nevertheless, the high costs of operating these companies may create challenges for industry expansion.  

Regional Insights:

North America Held Key Share Fueled by Mounting for Rapid Delivery of Household Essentials

In 2024, North America recorded a dominant share owing to the rising demand for the ultra-fast delivery of household essentials, groceries, and convenience items. The regional market is characterized by an emphasis on urban areas, technology integration, a wide range of product categories, and strategically located dark stores.

The Asia Pacific quick commerce market is slated to depict the highest CAGR over the analysis period driven by the escalated usage of digital wallets and the high penetration of smartphones. Besides, the region exhibits surging urbanization and high population density.

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Key Industry Development:

September 2024 –   Flink raised a funding of USD 150 million intending to double its business in the Netherlands and Germany in collaboration with Just Eat Takeaway. The investors of the funding comprise Mubadala, BOND, Northzone, REWE, and two others.