Market Overview:  

According to Fortune Business Insights, the Global   Luxury Goods Market Size   was valued at USD 272.74 billion in 2022. The market is anticipated to grow from USD 284.00 billion in 2023 to USD 392.40 billion by 2030, exhibiting a CAGR of 4.7% during the forecast period.

Luxury products signify the status symbol of an individual. Businesses focus on high-income populations with visually appealing designs and technology-integrated products. For instance, NFC-installed chips in jewelry; a product called Verselux was created by Cathy Hackl in March 2023.

List of Key Players Profiled in the Report:

• LVHM (France)
• Compagnie Financière Richemont SA (Switzerland)
• Kering SA (France)
• Chow Tai Fook Jewellery Group Limited (Hong Kong)
• The Estée Lauder Companies Inc. (U.S.)
• Luxottica Group SpA (Italy)
• The Swatch Group Ltd. (Switzerland)
• L’Oréal Group (France)
• Ralph Lauren Corporation (U.S.)
• Shiseido Company, Limited (Japan)

COVID-19 Impact:

Low Product Demand during Pandemic Harmed Market Growth

Reduced salaries and loss of jobs during the pandemic made it difficult for the population with low-wages to purchase luxury products. Travel restrictions globally lowered the demand for luxury goods available at cruises and airports at duty free shops.

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Segments:

Fast Fashion Trend Increases Demand for Clothing Segment

By product type, the market is categorized into watches & jewelry, perfumes & cosmetics, clothing, bags/purses, and others. Fast fashion trends and demands from both men and women led the clothing segment to hold a significant market share.

Inclination Toward Grooming by Women to Increase Demand for Luxury Items

By end-user, the market is divided into men and women. The women segment dominates the market due to availability of numerous luxury products such as bracelets, cosmetics, earrings, fragrances, and handbags.                                      

Online Channel to Hold Largest Share due to Greater Convenience in Purchasing

Based on distribution channel, the market is bifurcated into offline and online. Due to the presence of stores and shops, customers can touch and feel the product, which allows the offline segment to hold a significant market share. 

Geographically, the market is studied across North America, South America, Europe, Asia Pacific, and the Middle East and 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. 
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints:

Increasing High-net Worth Population to Spur Demand

An increasing population with high-net worth drives the market for luxury goods. Businesses selling luxury goods concentrate on Gen-Z and millennial audiences by offering customized products. Around 2,153 billionaires have more wealth than 60% of the global population, which is 4.6 billion, according to the data published in January 2020 by Oxfam International.

On the contrary, purchasing or renting second-hand luxury products hinders the luxury goods market growth.

Regional Insights

Increasing Disposable Income of Individuals in Asia Pacific to Augur Market Growth

Asia Pacific holds the largest luxury goods market share due to its growing population and people’s high disposable income. The availability of luxury items is another factor contributing to the region’s market growth.           

Due to the presence of large players in the region, the luxury items market in Europe holds substantial share.

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Competitive Landscape

Key Players Focus on Acquisitions to Sustain Position

Major companies in the market maintain robust product portfolios to maintain their position in the market. Partnerships, acquisitions, and new product developments are prioritized by luxury item companies to maintain dominance.

Key Industry Development: 

• November 2022:   Estee Lauder Companies, Inc., a global cosmetics maker, acquired Tom Ford, a luxury footwear, handbags, and accessories brand, to expand its business in the Chinese luxury beauty products industry.

Market Overview

According to Fortune Business Insights™, The Global   Small Domestic Appliances Market Size   was valued at USD 185.49 billion in 2022 and is projected to reach a valuation of USD 193.83 billion in 2023. The market is expected to reach USD 271.23 billion by 2030 with a CAGR of 4.92% during the forecast period.

Small domestic appliances are used to perform household activities such as cooking, cleaning, and personal grooming. Increasing rate of industrialization in several developing countries such as India, South Korea, Brazil, UAE, and others is resulting to an increase in the number of household activities.

List of Key Players Profiled in the Market Report

• Panasonic Corporation (Japan)
• Samsung Electronics Co., Ltd. (South Korea)
• Whirlpool Corporation (U.S.)
• Electrolux AB (Sweden)
• Midea Group (China)
• Haier Appliances (China)
• BSH Hausgeräte GmbH (Germany)
• IFB Home Appliances (India)
• Hitachi, Ltd. (Japan)
• GE Appliances (U.S.)

Competitive Landscape

Enhancement of Product Portfolio by New Product Launches to Develop Market Trajectory

The market players have been adopting constantly focusing of expansion, acquisition and product launches. In January 2020, Electrolux AB announced the launch of its new kitchen suite of appliances which includes Double Wall Oven furnished with new features and technology to support culinary exploration. The increasing demand for smart and intelligent home appliances and eco-friendly traits is creating opportunities for the manufacturers to launch new and sustainable products to meet the rising demand of the consumers.

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Segmentation

Kitchen Appliances   To Lead Owing To Their Wide Usage

On the basis of the end user, the market is divided into kitchen appliances, garment care appliances, floor cleaning appliances, and others. Kitchen appliances are anticipated to dominate due to their wide usage in numerous sectors such as households, restaurants, educational institution, and other commercial places.

Household Segment   To Lead The Segment Due Increasing Usage In Residential Sectors

Based on the application, the market is divided into household, hotels & restaurants, hospitals, and others. Household segment is expected to have a major part due as majority of the small domestic appliances are used in residential sectors.

Specilaty Stores To Lead Due to Increasing Demand in Residential Sectors

Based on the distribution channel, the market is divided into specialty stores, brand stores, online, and others. Specialty stores are expected to have a major part due as majority of the small domestic appliances are used in residential sectors. The specialty store segment had a largest market share in 2022 and a CAGR of 4.95% during the forecast period.

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

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Drivers and Restraints

Rapid Rate Of Urbanization In Developing Nations   To   Drive Product Expansion

Rapid rate of urbanization in developing nations such as China, India, Japan, France, Brazil and other countries is anticipated to boost small domestic appliances market growth. Majority of the nations have been experiencing the explosive growth in population and infrastructure growth along with it. Increasing construction of households and commercial places are projected to drive the growth of the market. Shift in the consumer demand for house refurbishments is set to augment the size of the market.

However, high costs and frequency of repair and maintenance of such appliances is projected to obstruct market growth.

Regional Insights

Asia Pacific To Have Dominance In Market Share Due To   Increasing Population

Asia Pacific is expected to govern the small domestic appliances market share due to increasing population. Increasing construction of residential and commercial sectors in countries such as India, China, Japan, South Korea, Bangladesh, and other countries is propelling the need for domestic appliances. The region held the share of 34.61% in year 2022.

The market in the North American region is driven by increasing consumption of luxury and premium electronic products in the region.

South American market is expected to grow at a CAGR of 4.61% during the forecast period due to rapid industrialization and urbanization in countries like Brazil and Argentina among others.  

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Key Industry Development

• May 2022:   Whirlpool Corporation announced the launch of its new marketing organization, WoW Studios (World of Whirlpool Studios) in U.S. which consists of a multidisciplinary creative team that will work on the company’s brand portfolio, including KitchenAid, Whirlpool, Maytag, JennAir, and Amana brands.

Market Overview

According to Fortune Business Insights, The Global   Camping Sleeping Bags Market Size   was valued at USD 13.48 billion in 2024 and is projected to expand from USD 14.42 billion in 2025 to USD 24.29 billion by 2032, exhibiting a CAGR of 7.74% during the forecast period. The growing interest in outdoor recreational activities, rising disposable incomes, and the increasing trend of camping as a leisure activity are fueling market growth.

North America dominated the market in 2024, accounting for 57.86% of the global share, supported by strong outdoor recreation culture, high disposable incomes, and an increasing number of campsites.

Key Market Insights

• 2024 Market Size:   USD 13.48 billion
• 2025 Market Size:   USD 14.42 billion
• 2032 Forecast:   USD 24.29 billion
• CAGR (2025–2032):   7.74%
• Leading Region (2024):   North America (57.86%)

By product type, rectangular sleeping bags led in 2024 due to their spaciousness and versatility, while mummy sleeping bags are expected to see significant growth owing to their heat retention and popularity among solo travelers.

By material, synthetic fill dominated the market in 2024 because of its affordability and better performance in damp conditions. However, down fill sleeping bags are expected to see notable growth due to their lightweight nature and superior warmth-to-weight ratio.

Competitive Landscape

The market is highly competitive, with a mix of global and regional players. Companies emphasize product innovation, sustainability, and global expansion to remain competitive.

Key Players:

• Cascade Designs, Inc. (U.S.)
• The North Face (U.S.)
• Great King Group (China)
• Nordisk Company (Denmark)
• Prima Outdoor (Czech Republic)
• REI Co-op (U.S.)
• Marmot Mountain LLC (U.S.)
• Mountain Hardwear (U.S.)
• The Coleman Company (U.S.)
• Ootakukan Technology Co., Ltd. (China)

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Market Dynamics

Market Drivers

1. Growing Popularity of Outdoor Recreation
   Rising participation in camping, hiking, and other recreational activities significantly boosts demand. According to the Outdoor Industry Association (OIA), outdoor recreation participation in the U.S. grew from 168.1 million in 2022 to 175.8 million in 2023.
2. Increasing Number of Campsites
   Expansion of new campsites worldwide enhances accessibility for campers. For instance, in January 2025, European Camping Group launched an 8.5-hectare campsite,   Neptuno , in Spain, boosting regional demand for sleeping bags.
3. Women’s Growing Participation in Outdoor Activities
   The number of women engaging in outdoor recreation rose from 50% in 2022 to 51.9% in 2023 (OIA), further driving demand.

Market Restraints

• Fluctuating Raw Material Costs:   Prices of down, synthetic insulation, zippers, and fabrics are affected by supply chain disruptions and geopolitical challenges.
• Counterfeit Products:   Rising availability of low-quality alternatives impacts brand reputation and consumer trust, especially in cost-sensitive markets.

Market Trends

• Smart Features Integration : Technological enhancements, such as app-controlled temperature regulation and heated liners, are emerging trends.
• Customization and Multi-Use Products : Sleeping bags with modular zippers, armholes, and convertible blanket designs are gaining traction among frequent travelers.

Regional Outlook

• North America (USD 7.80 Billion in 2024):   Largest market, supported by a strong camping culture in the U.S. and Canada. Over 175.8 million Americans participated in outdoor activities in 2023, reinforcing demand.
• Europe:   Significant growth expected due to eco-friendly product demand and expanding campsites. For instance,   Big Agnes   launched a new website in 2024 to serve European consumers.
• Asia Pacific:   Rising middle-class income and domestic tourism are fueling growth. In 2023, Australians took 15.3 million camping trips, with 77% for holidays.
• South America & Middle East & Africa:   Market expansion supported by growing disposable incomes, increasing leisure camping activities, and new campsite developments in Brazil, UAE, South Africa, and Saudi Arabia.

Recent Developments:

• July 2024: Therm-a-Rest launched Boost 650 with WarmZip technology and RDS-certified hydrophobic downfill.
• March 2024: REI Co-op launched its Active Pursuits gear collection, featuring Magma down and Zephyr synthetic sleeping bags.
• April 2023: Nemo Equipment introduced recyclable spoon-shaped sleeping bags, Endless Promise Series.

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The global camping sleeping bags market is poised for robust growth, driven by the rising popularity of outdoor recreation, increasing disposable incomes, and growing participation of women in camping activities. While challenges such as counterfeit products and raw material price fluctuations persist, opportunities in sustainable products and smart features will significantly shape the market’s future.

Market Overview

According to Fortune Business Insights Global   Luxury Watch Market Size   was valued at USD 53.69 billion in 2024. It is projected to grow from USD 59.97 billion in 2025 to USD 134.53 billion by 2032, exhibiting a CAGR of 12.23% during the forecast period.

A luxury watch is a high-end timekeeping device recognized for its exceptional craftsmanship, fine materials, artistic design, and symbolic value. These watches are often associated with status, heritage, and meticulous detail, with many buyers viewing them as timeless investments or collectibles. The market is evolving with trends such as the growing popularity of pre-owned luxury watches, rising product innovation, and the merging of traditional horology with smart functionalities.

Competitive Landscape

The luxury watch market is highly competitive and dominated by established global players. These companies continuously invest in innovation, craftsmanship, limited editions, and collaborations with artists, athletes, and designers. Participation in global events like Watches & Wonders Geneva enables brands to gain visibility, interact with consumers, and showcase upcoming collections.

Key Players

• ROLEX.ORG (Switzerland)
• The Swatch Group Ltd (Switzerland)
• Financière Richemont SA (Switzerland)
• PATEK PHILIPPE SA (Switzerland)
• Audemars Piguet (Switzerland)
• Seiko Watch Corporation (Japan)
• Breitling (Switzerland)
• LVHM (France)
• Richard Mille (Switzerland)
• Bell & Ross (France)

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Market Dynamics

Growth Drivers

The demand for luxury watches is being significantly boosted by technological innovation and advanced features. Market leaders such as Rolex, Omega, and Patek Philippe are incorporating modern technologies like fast charging, ECG monitoring, heart rate tracking, and multilingual time zone displays to enhance product appeal. For instance, Rolex introduced the Oyster Perpetual Day-Date, offering weekday display in 25 languages, exemplifying cutting-edge innovation merged with classic aesthetics.

In addition, expanding product portfolios by brands like Audemars Piguet and The Swatch Group are helping reach diverse consumer segments. These watches cater to varying style preferences, wrist sizes, and functional needs, enhancing inclusivity and product accessibility. The focus on limited editions and customizable models also boosts consumer interest and brand loyalty.

Market Trends

One of the key trends shaping the market is the rise in technical sophistication across both mechanical and electronic luxury watches. Consumers are looking for smart features without compromising on elegance and heritage. Another trend is the growing popularity of pre-owned luxury watches, especially among millennials and Gen Z buyers who value affordability, sustainability, and heritage appeal.

Moreover, brand collaborations and limited edition launches aligned with international events (e.g., Olympics, Ironman Championships) are enhancing visibility and driving hype among collectors and watch enthusiasts.

Regional Analysis

Asia Pacific

Asia Pacific is the largest market, valued at USD 22.40 billion in 2024. Rapid urbanization, expanding middle-class populations, and the rise of luxury spending in countries like China, Japan, and South Korea are major contributors. The region is also home to a growing base of collectors and enthusiasts interested in both new and vintage timepieces.

North America

North America is the fastest-growing region, driven by a high concentration of luxury boutiques in cities such as New York, Los Angeles, and Miami. The U.S. has a strong base of affluent customers who value exclusivity and customization, especially for limited-edition models.

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Recent Developments

• January 2024 : The Swatch Group introduced ocean-inspired timepieces in collaboration with Blancpain and Swatch.
• March 2023 : Patek Philippe unveiled a rose-gold Calatrava model with dual-time functionality.

The global luxury watch market is on a robust growth trajectory, driven by rising disposable incomes, increasing demand for personalized and collectible timepieces, and ongoing technological innovation. While counterfeiting remains a challenge, consumer demand for heritage, quality, and status is expected to continue propelling the market forward. With expanding digital channels and emerging markets contributing significantly, the luxury watch industry is poised for a dynamic and prosperous future.

Market Overview

According to Fortune Business insights, The global  outdoor tables market  was valued at USD 18.57 billion in 2024 and is projected to grow to USD 29.04 billion by 2032, registering a CAGR of 5.75% during the forecast period.

Outdoor tables, designed for patios, gardens, balconies, and commercial spaces, are witnessing rising demand as consumers increasingly treat outdoor areas as functional extensions of their homes. The surge in home improvement projects and lifestyle upgrades—particularly in the post-pandemic era—has further fueled investments in outdoor décor and furniture.

In 2024, the Asia Pacific region dominated the global market with a 45.88% share, supported by robust manufacturing capabilities, an expanding middle-class population, and a growing cultural preference for outdoor living and home enhancement.

Competitive Landscape

Leading companies are investing in regional expansion, sustainability, and product diversification to maintain competitiveness. Flagship store launches, e-commerce partnerships, and region-specific product lines are strategic moves aiding brand visibility and growth.

Key Players:

• IKEA (Netherlands)
• Herman Miller Inc. (U.S.)
• Steelcase Inc. (U.S.)
• HNI Corporation (U.S.)
• West Elm (U.S.)
• Furniture Root (India)
• PBZ Manufacturing (U.S.)
• Bernhardt Furniture Company (U.S.)
• Allsteel Inc. (U.S.)
• HBF LLC (U.S.)

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Market Drivers

1. Rise in Outdoor Living and Home Renovation Trends

One of the major driving factors is the global shift toward outdoor living. Consumers now treat balconies, gardens, and patios as essential parts of their homes, investing in outdoor tables to accommodate socializing, relaxation, and dining needs. According to a Home Improvement Research Institute (HIRI) study, nearly 79% of homeowners completed multiple home improvement projects in 2023, emphasizing outdoor space upgrades.

2. Innovations in Table Design and Materials

Manufacturers such as IKEA, Herman Miller, and Steelcase Inc. are introducing modular, multifunctional, and extendable outdoor tables made from sustainable and weather-resistant materials. Smart features, such as solar-powered charging, built-in lighting, and Wi-Fi capabilities, further increase product appeal and broaden consumer bases.

Market Restraints

1. High Costs and Maintenance Challenges

Despite their functional benefits, outdoor tables face challenges in terms of durability and maintenance. Quality tables made of premium materials like teak, aluminum, and composites are expensive. Additionally, weather exposure may cause issues like rusting, warping, or fading. These factors make such products less appealing to price-sensitive consumers, limiting their mass-market appeal.

Market Opportunities

1. Rise in Smart and Sustainable Furniture

There is increasing consumer demand for eco-friendly, modular, and smart outdoor furniture. Companies are now developing outdoor tables using recycled materials, biodegradable composites, and ethically sourced wood. In January 2025, Barco Products launched its Outpost Wood Picnic Tables made from sustainably harvested Southern Yellow Pine, treated for rot and termite resistance—an example of how eco-conscious innovation is opening new market avenues.

Market Trends

1. Growing Sustainability Focus

Manufacturers are under pressure to reduce their environmental impact. Outdoor table producers are adopting sustainable practices such as:

• Using  recycled plastics and FSC-certified wood .
• Offering  repairable and modular
• Minimizing manufacturing waste.
  Consumers, especially in developed economies, now actively seek environmentally responsible brands, pushing sustainability to the forefront of outdoor furniture trends.

Segmentation Analysis

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

Regional Insights

Asia Pacific:   With a 2024 market size of USD 8.52 billion, Asia Pacific remains the largest regional market, led by China, which serves as a global manufacturing hub

Europe:   Tourism in Europe continues to drive demand for outdoor tables in  hotels, cafes, and restaurants .

North America:   The North American market is evolving with demand for  eco-friendly and high-end outdoor tables .

South America and Middle East & Africa:   These regions are seeing rapid growth in hospitality infrastructure and  e-commerce penetration , which boosts demand for outdoor furniture.

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Recent Developments:

• March 2025 –  Crate & Barrel  launched new outdoor and kids’ collections, diversifying their portfolio.
• January 2025 –  Stanley Lifestyles  announced a USD 4.7 million expansion plan in Pune, India.
  
  The global outdoor tables market is poised for steady growth, driven by evolving lifestyle trends, rising outdoor living culture, and sustainable innovation. Asia Pacific continues to dominate manufacturing, while regions like North America and Europe focus on high-end and eco-friendly solutions. As consumers demand smarter, durable, and stylish outdoor table options, companies that combine aesthetics with functionality and sustainability will lead the next phase of market expansion.

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 rising need for affordable, lightweight, and space-efficient furniture in residential, hospitality, and commercial sectors is driving the growth of the plastic furniture market. In 2024, Asia Pacific held a dominant 58.27% share, supported by robust manufacturing bases in China and India, alongside increasing consumer preference for cost-effective and foldable home décor solutions.

Plastic furniture continues to gain traction over wood and metal alternatives due to its affordability, corrosion resistance, and design flexibility. Moreover, with ongoing advancements in material engineering, manufacturers are increasingly incorporating polypropylene (PP), polyethylene (PE), and recycled plastics to enhance durability while supporting global sustainability goals.

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, 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. Rising Demand for Personalized and Custom Jewelry
   Consumers—especially millennials and Gen Z—are showing a strong preference for  personalized and customized necklaces that reflect their individuality, style, and values. Popular choices include engraved names, birthstones, and zodiac-inspired designs. Technological advancements such as  3D printing, AI-powered design tools, and online customization platforms have made bespoke jewelry more affordable and widely accessible.

Moreover, the increasing participation of women in the workforce and higher disposable incomes are boosting demand for modern jewelry. For instance, India’s female labor force participation rate grew to  37% in 2022–23 , up from  30% in 2019–20 , highlighting a rapidly expanding customer base with significant purchasing power.

2. Influence of E-commerce and Social Media
   The growing influence of  e-commerce and social media is reshaping consumer buying behavior in the necklace market. Platforms like  Instagram, TikTok, and Pinterest serve as vital marketing channels where brands engage audiences through  influencer collaborations,   live   shopping events, and targeted digital campaigns .

Brands such as  Kendra Scott  have successfully leveraged influencer partnerships to promote collections, underscoring the pivotal role of social media in shaping consumer preferences and accelerating 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   MICE Market Size   was valued at USD 1,121.95 billion in 2024. The market is projected to grow from USD 1,226.07 billion in 2025 to USD 2,449.10 billion by 2032, exhibiting a CAGR of 10.39% over the forecast period. Europe dominated the MICE market with a market share of 51.61% in 2024. 

MICE, an acronym for Meetings, Incentives, Conferences, and Exhibitions, represents a vital segment of the travel and tourism industry. This sector focuses on the planning and organization of various events aimed at achieving academic, professional, business, and cultural objectives. The increasing globalization has opened numerous business opportunities, including business expansion, increased revenue, and heightened business tourism worldwide, which are expected to further drive market growth.

LIST OF KEY COMPANIES PROFILED IN THE REPORT:

• ITA Group (U.S.)
• Flight Centre Travel Group Limited (Australia)
• Freeman (U.S.)
• Meetings and Incentives Worldwide, Inc. (U.S.)
• Conference Care (U.K.)
• One10, LLC (U.S.)
• BCD Meetings & Events (U.S.)
• Creative Group, Inc. (U.S.)
• Access (U.S.)
• CWT Meetings & Events (U.S.)

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Segmentation:

Meetings Segment Dominates Market Due to Significant Surge in Number of Corporate Events

Based on event type, the market is categorized into meetings, incentives, conventions, and exhibitions. Meetings are the dominant segment in the global market, and this dominance can be attributed to the significant surge in the number of corporate events worldwide.

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

Report Coverage:

The report has conducted a detailed study of the market and highlighted several critical areas, such as leading applications, event types, and key market players. It has also focused on the latest market trends and 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:

Increase in Tourist Arrivals and Rise in Global Business Travels to Fuel Market Expansion

The increase in tourist arrivals, coupled with a rise in global business travel, has significantly driven the MICE market growth. As per the United Nations World Tourism Organization (UNWTO), approximately 235 million tourists traveled internationally in the first quarter of 2023, more than double the number from the same period in 2022. Enhancements in infrastructure, lifestyle changes, and simplified booking processes are expected to drive market growth. Globalization and heightened promotion of tourist destinations via various social media have also amplified the number of tourists globally.

However, the market growth is impeded by factors including an increase in geopolitical tensions and political instability between nations.

Regional Insights:

Europe Led Global Market Owing to Increase in Corporate Events and Exhibitions in Region

Europe holds the leading position with a significant MICE market share. This dominance is due to the increase in corporate events and exhibitions in the region. Additionally, factors such as the advancements in the travel and tourism sector and improvements in hospitality and infrastructure are expected to contribute to the region’s market growth.

North America is projected to witness substantial expansion, driven by the integral role of MICE in the tourism industry. The increasing number of companies offering MICE services is expected to bolster market development in this region.

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Competitive Landscape:

Leading Market Players to Focus on Partnerships and Business Expansions to Strengthen Their Market Position

The market is characterized by intense competition. The leading market players include ITA Group, Flight Centre Travel Group Limited, Freeman, and others. These players are increasing their focus on technology, innovation, partnerships, and business expansions to strengthen their market position. They are also emphasizing promotion and marketing strategies to increase their brand awareness.

Notable Industry Development:

April 2023:   Freeman finalized its acquisition of Impact Point Group, a nationally recognized women-owned consulting firm specializing in comprehensive strategic event services. This acquisition aims to expand Freeman’s client base and boost its revenue streams, enhancing its overall service offerings.

Report Overview-

According to Fortune Business Insights   Global   Oral Care Market Size   was valued at USD 33.63 billion in 2024. It is projected to grow from USD 34.76 billion in 2025 to USD 46.53 billion by 2032, exhibiting a CAGR of 4.25% during the forecast period.  

The growing popularity of electric toothbrushes, charcoal-based cleaners, and teeth whitening products is anticipated to drive market growth in the coming years. Companies like Twice, Quip, and Candid are expanding global reach by providing cost-effective oral care solutions.

List of Key Players Present in the Report :

• Colgate Palmolive Co. (U.S.)
• Unilever (U.K.)
• Procter & Gamble Co. (U.S.)
• Henkel AG & Co. KG aA (Germany)
• Johnson & Johnson Services, Inc. (U.S.)
• GlaxoSmithKline Plc. (U.K.)
• Lion Corporation (Japan)
• Church & Dwight Co. Inc. (U.S.)
• Reckitt Benckiser Group Plc. (U.K.)
• Patanjali Ayurved Limited (India)

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Segments

Diverse Flavor Options to Drive Toothpaste Segment Growth
Based on product type, the market is segmented into toothpaste, toothbrush, mouthwash, and others. In 2022, the toothpaste segment led the market, primarily due to the wide range of available flavors—such as mint, lime, and strawberry—designed to appeal to diverse consumer preferences.

Increasing Household Spending to Support Household Application Segment
By application, the market is divided into household and commercial segments. The household segment is anticipated to retain its dominant position throughout the forecast period, driven by rising consumer expenditure on daily oral care products and growing awareness of oral hygiene.

Widespread Product Availability to Boost Hypermarkets & Supermarkets Segment
In terms of distribution channel, the market is categorized into hypermarkets/supermarkets, convenience stores, online, and others. Hypermarkets and supermarkets are expected to account for the largest market share due to their wide product selection and the convenience of purchasing essential oral care items in one place.

Regional Insights
Geographically, the market is examined across North America, Europe, 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 & Restraints-

Rising Emphasis on Product Innovation to Propel Market Growth

The increasing focus on product innovation is expected to play a pivotal role in driving the growth of the oral care market. Companies are introducing advanced dental care solutions supported by technologies such as 3D printing, artificial intelligence (AI), laser dentistry, and digital impressions, significantly enhancing treatment efficiency and patient experience. These technological advancements are anticipated to further accelerate market expansion over the forecast period.

However, the rising use of additives—including humectants, abrasive agents, and flavor enhancers—in toothpaste and mouthwash to improve taste, texture, and appearance may trigger allergic reactions in sensitive consumers. This, in turn, could act as a restraint on market growth in the coming years.

Regional Insights-

Large Presence of Geriatric Population to Boost Market Growth in Asia Pacific

Asia Pacific held a dominant oral care market share, accounting for USD 11.50 billion in 2022. The growth is attributed to the rising geriatric population in the countries, including Japan and China, resulting in the growing consumption of oral care products in the region.

North America and South America are estimated to witness significant growth during the forecast period due to the increasing spending on oral healthcare products in the regions. 

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Competitive Landscape-

Increasing Key Players Focus on Product Innovations to Propel Market Growth

The growing focus of key players on developing technology-enabled oral care products to attract a large consumer base will drive oral care market growth during the projected period. The major market players are keen to launch new product lines that cater to the growing consumer needs, including prevention from oral virus infection, sensitivity and whitening control, teeth decaying, and others, boosting market growth during the forecast period.

Notable Industry Development-

• September 2021 –  Unilever Plc. has introduced a new, updated version of Close Up toothpaste. New toothpaste variants will consist of components, such as purifying gel, antibacterial mouthwash, and ice-cool crystals.

Market   Overview:

According to Fortune Business insights   Streetwear Market size   was valued at   USD 325.28 billion in 2023   and is expected to be worth   USD 347.14 billion in 2024 . The market is projected to reach USD 637.13 billion by 2032, recording a   CAGR of   7.89%   during the forecast period.

Streetwear is youth-inspired clothing that is highly popular among hip-hop enthusiasts and skateboarders. It is popular for its vibrant colors, bold logo graphics, and unconventional designs. Streetwear is also known for individual expression and synonymous with youth, rebellion, and creativity. Factors, such as the rising economic growth of various countries are projected to fuel the global market growth.

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Nike (U.S)
• Supreme (U.S.)
• Stussy (U.S.)
• BAPE (Japan)
• Adidas (Germany)
• Off-White (Italy)
• Vetements (Switzerland)
• Palace (U.K.)
• RoaringWild (China)
• Undercover (Japan)

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Segmentation:

Clothing Segment Dominated Market Due to Introduction of Novel Products

Based on product, the market is segmented into clothing, footwear, accessories, and others. The clothing segment accounted for the largest market share in 2023. Numerous key players are introducing novel products and partnering with influential celebrities to meet the growing demand for clothing, thereby driving the segment’s growth.

Men Segment Dominated Market Due to Prominent Players’ Focus On Expanding Their Reach

Based on end user, the market is segmented into men and women. The men's segment held the largest market share in 2023. Numerous prominent players are focusing on expanding their reach owing to the growing product demand, thereby driving the segment’s growth.

Offline   Stores Segment Led Market Growth Due to Introduction of New Retail Stores Worldwide

Based on distribution channel, the market is segmented into offline stores and online stores. The offline segment held the highest share of the global market in 2023. Numerous prominent players are introducing new stores with an intent to expand their reach.

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

Report Coverage:

The report has conducted a detailed study of the market and highlighted several critical areas, such as leading applications, products, end users, distribution channels, and key market players. It has also focused on the latest market trends and 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:

Increasing Number of Collaborations and Rising Need for Exclusive Products to Fuel Market Growth

Growing collaborations with influential celebrities, fashion designers, and various brands will fuel the demand for casual clothing. Key players are collaborating to reach new audiences, enter niche markets, and stand out in a competitive landscape. Limited-edition products are becoming popular among consumers, especially collectors and fashion enthusiasts. Several key players are also launching limited-edition products to increase sales and expand their offerings.

However, counterfeiters have been targeting casual clothing, leading to the widespread production and distribution of fake merchandise, thereby impeding the streetwear market growth.

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Regional Insights:

Asia Pacific Dominated Market Due to Increasing Fashion Trends in Region

Asia Pacific led the streetwear market in 2023 and is projected to maintain its dominance during the forecast period. Asian pop culture, such as K-pop, J-pop, and C-pop has been significantly promoting fashion trends in the region. Due to the increasing product demand, numerous key players intend to expand their presence in the region. These factors are driving the region’s market growth.

North America is projected to exhibit considerable growth during the forecast period due to the growing availability of comfortable and functional clothing, such as joggers, hoodies, and sneakers.

Competitive Landscape:

Companies to Focus On Innovative Technologies to Stay Competitive

The leading companies operating in this market are increasing their focus on launching various strategies to tackle the availability of counterfeit products. They are introducing security labels that allow consumers to verify the originality of their purchases. They are also launching innovative products and establishing strategic partnerships with other firms to strengthen their market position and remain competitive.

Notable Industry Development:

October 2022:   Maison Menace, a premium casual clothing brand, unveiled its new F/W 22 offering. The new collection includes plush hoodies, logo-monogrammed balaclavas, and t-shirts.