Market Overview:

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

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

List of Key Players Mentioned in the Report:

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

Get a Sample of this Report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/apparel-market-110718

Segmentation Overview

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

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

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

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

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

Report Coverage

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

Drivers and Restraints:

Sustainability and Technological and Manufacturing Advancements to Propel Market Growth

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

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

Regional Insights:

Asia Pacific Holds Leading Position Due to Rising Disposable Income

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

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

To know more about this market, please visit:
https://www.fortunebusinessinsights.com/apparel-market-110718  

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

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

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

Key Companies :

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

Get a sample of this report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/event-tourism-market-113369

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.

To know more about this market, please visit:
https://www.fortunebusinessinsights.com/event-tourism-market-113369

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

Challenges

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

Recent Developments

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

Market Overview

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

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

Competitive Landscape

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

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

These companies are focusing on:

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

Get a Sample of this Report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/necklace-market-113197

Market Drivers

1. Demand for Personalized and Custom Jewelry

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

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

2. Influence of E-commerce and Social Media

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

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

Market Restraints

Fluctuating Raw Material Prices

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

Market Opportunities

Rise of Sustainable and Ethical Jewelry

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

Market Trends

The market is witnessing an increased emphasis on:

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

Segmentation Analysis

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

To Get to know more about this market, Please visit:
https://www.fortunebusinessinsights.com/necklace-market-113197

Key Developments

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

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

Market Overview

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

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

Competitive Landscape

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

Key Players

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

Get a Sample of this Report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/pc-gaming-market-113252

Key Market Drivers

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

Market Restraints

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

Market Opportunities

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

Regional Insights

Asia Pacific

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

North America

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

Europe

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

Rest of the World

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

Recent Developments

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

To let to know more about this market, please visit:
https://www.fortunebusinessinsights.com/pc-gaming-market-113252

Market Trends

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

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

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

Request Free Sample Research PDF :
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/home-renovation-market-112345  

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

To get to know more about this market, please visit:
https://www.fortunebusinessinsights.com/home-renovation-market-112345  

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

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

LIST OF KEY COMPANIES PROFILED IN THE REPORT

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

Get a Sample of this Report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/console-table-market-111557

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.

To know more about this market, please visit:
https://www.fortunebusinessinsights.com/console-table-market-111557  

Competitive Landscape:

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

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

Notable Industry Development:

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

Market Overview:

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

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

List of Key Players Mentioned in the Report:

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

Get a Sample of this Report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/athleisure-market-110642

Segmentation:

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

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

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

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

Women Segment Leads Owing to Rising Women Participation in Outdoor Activities

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

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

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

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

Report Coverage:

The report offers:

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

Drivers and Restraints:

Shift in Fashion Preferences   to Propel Market Growth

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

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

Regional Insights:

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

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

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

To get to know more about the market, please visit:
https://www.fortunebusinessinsights.com/athleisure-market-110642  

Competitive Landscape:

Key Players Emphasis on Innovations to Enhance Product Visibility

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

Key Industry Development:

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

Market Overview:

According to Fortune Business Insights  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.

Get a Sample of Outdoor Furniture Market:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/outdoor-furniture-market-106406  

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

To know more about this market, please visit:
https://www.fortunebusinessinsights.com/outdoor-furniture-market-106406  

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.