Market Overview

According to Fortune Business Insights The   global   latex condom market   was valued at   USD 4.78 billion in 2024   and is projected to reach   USD 11.20 billion by 2032 , growing at a   CAGR of 11.42%   during the forecast period. North America dominated the market in 2024, holding a   34.73% share , driven by heightened awareness of sexual wellness and widespread availability of diverse condom products.

Latex condoms, primarily made from natural rubber latex, are a key component of contraceptive solutions and sexual health products worldwide. These products serve as a dual solution for   preventing pregnancies and reducing the risk of sexually transmitted infections (STIs) , including HIV/AIDS. Their cost-effectiveness, accessibility, and widespread availability have made them a preferred option across multiple demographics and regions.

Competitive Landscape

The latex condom market is highly competitive, featuring key players investing in   product diversification, brand expansion, and technological innovation   to maintain market presence. Strategic partnerships, marketing campaigns, and product launches are central to their growth strategies.

Key Players

• Reckitt Benckiser Group PLC (U.K.)
• Lifestyles (U.S.)
• Church & Dwight Co., Inc. (U.S.)
• Mankind Pharma (India)
• Karex Berhad (Malaysia)
• Okamoto (Japan)
• One Condoms (U.S.)
• Sagami Rubber Industries Co., Ltd. (Japan)

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Market Drivers

One of the primary drivers propelling the latex condom market is the   increasing global awareness of sexually transmitted diseases (STDs)   and infections. Efforts by governments, healthcare organizations such as the   World Health Organization (WHO) , and NGOs have amplified educational initiatives around sexual health, promoting condom usage as a protective measure. The rising number of   HIV/AIDS cases, particularly in developing regions , further accelerates demand, compelling consumers to adopt safer sexual practices.

Additionally, the   rising influence of social media, celebrities, and influencers   in promoting sexual wellness and education has demystified the conversation around condoms, especially among the youth. Health campaigns combined with corporate social responsibility initiatives by condom manufacturers further bolster awareness and consumption.

Market Restraints

Despite these drivers, the market faces restraints due to the   growing prevalence of latex allergies   among users. Latex proteins can trigger allergic reactions, ranging from mild irritation to severe anaphylaxis. This has led to caution among consumers, with some shifting preference toward   non-latex alternatives   such as   polyisoprene and polyurethane condoms .

These health concerns, combined with social stigma around condom purchasing and cultural taboos in certain regions, continue to limit market penetration, particularly in conservative societies.

Market Opportunities

Technological advancements are creating new growth avenues in the market. The   integration of nanotechnology, self-lubricating coatings, and the use of innovative materials such as graphene   are enhancing product durability, strength, and user experience. Such innovations allow for the production of   thinner condoms without compromising strength , improving comfort and sensitivity during use.

Furthermore, the increasing demand for   sustainable and eco-friendly products   presents opportunities for manufacturers to develop   biodegradable and plant-based latex condoms , targeting the environmentally conscious consumer segment.

Market Trends

A significant trend in the latex condom market is the   growing popularity of specialized and premium condoms , such as   ultra-thin, flavored, textured, and glow-in-the-dark variants . Consumers are increasingly seeking products that offer both protection and enhanced sexual experience. Additionally, the rising trend of   personalized and vegan-friendly condoms   is catering to niche consumer preferences.

Moreover, there is a   growing market for female condoms   and condoms tailored for the   LGBTQ+ community , reflecting broader inclusion and diversity efforts within the industry. The surge in   online sales channels   is also reshaping consumer access and privacy in purchasing sexual wellness products.

Regional Insights

• North America   leads the market, valued at   USD 1.66 billion in 2024 , supported by widespread awareness, diverse product offerings, and high acceptance of the LGBTQ+ community. The   U.S.   is a major contributor due to extensive HIV prevention initiatives and a vibrant sexual wellness market.
• Europe   is the second-largest region, with demand propelled by increasing STIs such as syphilis and gonorrhea. Countries like   Germany, the U.K., and France   are key markets, further supported by progressive health policies.
• Asia Pacific   is projected to grow at the fastest rate, driven by rapid urbanization, rising disposable incomes, and government-sponsored health campaigns in countries like   India and China . Programs like India’s   National AIDS Control Organization (NACO)   and HLFPPT are significantly boosting awareness.
• South America and the Middle East & Africa   are emerging markets. Growth is stimulated by   social media campaigns   by key manufacturers and increasing availability of condoms across   pharmacies, supermarkets, and online platforms .   Brazil and South Africa   show particularly promising demand growth.

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Key Industry Developments

• February 2024:   Sirona Hygiene Private Limited launched the   “ComeClean” digital campaign , promoting women-friendly contraceptive solutions.
• September 2021:   Reckitt Benckiser launched a new range of flavored condoms, expanding consumer choice in the flavored segment.

The global latex condom market is on a robust growth trajectory, driven by rising awareness of sexual health, innovation in materials and designs, and increasing product accessibility through online and offline channels. Despite challenges such as latex allergies and cultural stigmas, the market holds significant potential, particularly in emerging regions and through the adoption of sustainable, technologically advanced product.

Market Overview

According to Fortune Business Insights The   global   chess market   was valued at   USD 3.34 billion in 2024   and is projected to reach   USD 7.64 billion by 2032 , growing at an impressive   CAGR of 10.91%   during the forecast period. This surge is primarily attributed to the rising interest in brain-stimulating activities, growing popularity of indoor games, and the cultural renaissance of chess driven by media exposure and influencer promotion. In 2024,   North America dominated the global chess market , capturing a significant   55.99% market share , underlining the region's established infrastructure for board games, widespread chess culture, and robust retail ecosystem.

The resurgence of chess, notably during the COVID-19 pandemic, was further amplified by mainstream media such as Netflix’s   "The Queen's Gambit" , which significantly boosted sales and online engagement. For instance,   Goliath Games , a Netherlands-based company, recorded a   1048% increase in sales   following the show’s release. Additionally, the rise of streaming platforms, online tournaments, and influencer-driven chess content on social media platforms such as Twitch and YouTube have accelerated global adoption and participation in chess.

Competitive Landscape

The chess market is moderately fragmented, with companies focusing on product innovation, craftsmanship, and digital integration to stay competitive. Notable players include:

• House of Staunton (U.S.)
• Jaques of London (U.K.)
• Indian Chess Company (India)
• DGT (Netherlands)
• MTM Wood (Russia)
• Staunton Castle (Canada)
• Millennium (Germany)
• Rechapados Ferrer (U.K.)
• Naef Spiele AG (Switzerland)
• Noj Slovenia (Slovenia)

These companies offer a mix of luxury, themed, and smart boards, targeting diverse market segments from collectors to competitive players.

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Market Dynamics

Drivers

A key driver of the chess market is the   growing interest in strategic and cognitive games   that enhance mental agility, memory, and critical thinking. Chess, often lauded as the "royal game," not only provides entertainment but also serves educational purposes, making it popular among students, educators, and adults alike. The   proliferation of board game cafes , especially in urban regions, offers dedicated spaces where individuals can socialize and play strategic games, contributing to chess market growth.

Restraints

Despite positive growth trends, the chess market faces challenges from the   proliferation of digital entertainment alternatives , including video games, streaming services, and social media platforms. These alternatives offer instant gratification, visual engagement, and faster-paced entertainment, which can be more appealing to younger audiences compared to the slow and methodical nature of chess. Additionally, shorter attention spans influenced by social media consumption may deter casual players from embracing board games that demand focus and patience.

Opportunities

The chess market presents abundant opportunities through   premium and smart board sets . The demand for luxury, hand-crafted chess boards made from high-quality woods like mahogany, rosewood, and walnut is on the rise among collectors and enthusiasts. Simultaneously,   AI-integrated smart boards   that bridge physical and digital play are attracting tech-savvy players. There is a growing market for   customized, themed, and sustainable chess sets , providing manufacturers with avenues to cater to diverse consumer preferences.

Trends

Key trends in the market include the   rising popularity of personalized and premium chess sets , along with the emergence of   electronic smart boards . Consumers now seek chess sets that serve both as gaming tools and aesthetic home décor. The integration of technology, such as automated movement and digital connectivity, is enhancing player engagement and attracting a broader audience. Moreover, sustainability and craftsmanship are becoming significant considerations, driving demand for eco-friendly materials and artisanal designs.

Segmentation Analysis

By Board Material
The market is segmented by board material into   wood, glass, and plastic .
By Age Group
The market by age group includes   children, adults, and seniors .
By Player Type
Based on player type, the market is divided into   casual players   and   competitive players .

Regional Insights

North America:   The largest market at USD 1.87 billion in 2024, driven by established brands, strong online communities, and frequent chess tournaments, especially in the U.S.

Europe:   The second-largest region, with a rich cultural chess heritage in Germany, Russia, the U.K., and France, supported by clubs and prestigious events.

Asia Pacific:   Experiencing rapid growth, led by rising interest in India, increasing disposable incomes, and national successes in global chess competitions.

South America & MEA:   Emerging markets with growing educational initiatives and tournaments, particularly in Brazil and Cuba, though still in early development stages.

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Key Developments

• January 2025:   The Balvenie collaborated with designer Ellie Mercer to release a luxury collector’s chess set with a premium whisky offering.
• October 2024:   The Indian Chess Company launched a sustainable collection of luxury chess boards made from premium materials like ebony and rosewood.

Market Overview

According to Fortune Business Insights the Global   Metal Furniture Market   is experiencing robust growth, with the market size valued at USD 90.81 billion in 2024. It is projected to expand from USD 97.02 billion in 2025 to USD 158.75 billion by 2032, reflecting a CAGR of 7.29% during the forecast period.

Rising urbanization, expanding residential and commercial infrastructures, and a surge in disposable incomes globally are fueling demand for durable, aesthetic, and premium furniture options such as metal-based furniture.

Urbanization continues to be a critical growth driver, especially in emerging economies like India and China, where the burgeoning middle class is boosting demand for better living standards and quality home décor. As per the   Government of India’s Economic Survey 2023-24 , by 2030, over   40% of India’s population   is expected to live in urban areas, enhancing the potential customer base for furniture, especially compact and multifunctional metal furniture solutions suitable for urban homes and workspaces.

Competitive Landscape

The market is fragmented, with key players including:

• IKEA (Netherlands)
• Herman Miller Inc. (U.S.)
• Steelcase Inc. (U.S.)
• HNI Corporation (U.S.)
• Furniture Root (India)
• Allsteel Inc. (U.S.)

Innovation remains a strategic focus for these companies. For instance,   Beflo   launched the   Tenon modular smart desk   in 2023, integrating advanced technology for productivity in home offices. Additionally, companies like   Vestre   are pioneering sustainable production, with the world's first   100% fossil-free steel furniture   introduced in 2023.

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Market Dynamics

Drivers

One of the key growth drivers in the metal furniture market is the   rapid technological advancements   in furniture production. With the integration of smart features such as   adjustable components, built-in charging stations, and LED lighting , metal furniture is becoming increasingly aligned with the smart home and office trends. These advancements not only enhance convenience but also improve the functionality of furniture, appealing to tech-savvy consumers. For example, in   January 2022 , The Sleep Company introduced smart adjustable bed frames that leverage technology to improve sleep comfort, driving demand for metal-based furniture components.

Restraints

However, the market faces challenges, particularly from the   volatility in raw material prices . Fluctuating costs of metals like steel and aluminum can disrupt pricing strategies for manufacturers, making final products expensive and affecting consumer demand. Price uncertainty can deter potential buyers or push them towards alternative materials, thereby restraining market growth.

Opportunities

The expansion of   online retail platforms   presents a significant opportunity for market players. E-commerce channels provide wider product variety, easy price comparisons, and the convenience of home delivery, thereby reshaping the furniture buying experience. Additionally, digital tools like   augmented reality (AR)   and   virtual interior designing apps   allow consumers to visualize furniture in their spaces before purchase, boosting confidence in online shopping. For instance, in   March 2025 , POS Interiors launched "Brands by POS," an online platform that simplifies office furniture procurement, marking the growing role of digital sales channels.

Trends

The market is witnessing a pronounced trend toward   sustainability . As environmental consciousness rises, especially in   North America and Europe , manufacturers are increasingly using   recycled metals and eco-friendly coatings   to reduce carbon footprints. Metal furniture, being inherently durable and recyclable, aligns well with these sustainability goals, further driving its adoption.

Regional Insights

The global metal furniture market exhibits diverse growth trends across regions, influenced by urbanization, consumer preferences, manufacturing capabilities, and economic conditions.   Asia Pacific   leads the market, supported by rapid urbanization, rising disposable incomes, and robust manufacturing infrastructure, particularly in   China and India .   Europe   follows with a strong presence of premium and innovative designs, driven by sustainability trends and home décor preferences.   North America   shows significant growth due to increasing demand for smart, space-saving, and eco-friendly furniture, alongside the expansion of e-commerce platforms. Meanwhile,   South America and the Middle East & Africa   are witnessing rising demand owing to infrastructure development, rapid urbanization, and growing awareness of durable and aesthetic furniture solutions. This regional diversification enhances the global growth outlook of the metal furniture market, with each region contributing uniquely based on local market drivers and consumer trends.

Key Industry Developments

• December 2024 -  Czech design brand Two Hundred Tons introduced a new furniture collection called Unroll, which utilizes standard steel tubes that are laser-cut and unfolded to create lightweight yet robust structural components. This innovative approach allows for the transformation of tubular steel into flat, wave-like panels that can be used in various furniture pieces, such as shelving units, coffee tables, and coat hooks.

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The global metal furniture market is poised for sustained growth driven by urbanization, technological innovation, and sustainability trends. With expanding online retail channels and rising consumer preference for durable, eco-friendly furniture, the market offers significant growth opportunities across regions. Companies focusing on innovation, customization, and sustainable practices are well-positioned to thrive in this evolving landscape.

Market Overview

According to Fortune Business Insights the Global   Disposable Wipes Market   was valued at USD 3.13 billion in 2024 and is projected to grow from USD 3.33 billion in 2025 to USD 5.32 billion by 2032, at a CAGR of 6.02% during the forecast period.

Disposable wipes have emerged as indispensable products across personal care, household, and industrial applications due to their convenience, ease of use, and portability. The Asia Pacific region dominated the market in 2024, accounting for 30.67% of the global share, driven by increasing disposable incomes, rising hygiene awareness, and expanding e-commerce channels.

Disposable wipes are typically crafted from materials like polypropylene, polyester, or cotton, and are often infused with cleaning agents for specific purposes. These products are available in various forms, including makeup remover wipes, disinfecting wipes, baby wipes, and household cleaning wipes. The surge in consumer preference for quick and hygienic cleaning solutions, especially in urban and fast-paced environments, is fueling market growth globally.

Competitive Landscape

The global disposable wipes market is competitive, with key players including:

• Kimberly-Clark Corporation
• Johnson & Johnson
• 3M Company
• Reckitt Benckiser Group plc
• Diamond Wipes International, Inc.
• Nice-Pak Products, Inc.
• Medline Industries, Inc.

Companies focus on product innovation, sustainable materials, and expanded distribution channels to maintain market positions.

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Market Drivers

1. Increasing Focus on Hygiene and Cleanliness

Heightened global emphasis on health, hygiene, and cleanliness remains the primary driver for the disposable wipes market. Consumers are increasingly adopting hygiene products to reduce risks of infections and illnesses, a trend significantly amplified post-COVID-19. Social media advocacy, coupled with government campaigns, has further elevated public awareness regarding sanitation, prompting higher sales of single-use wipes. For example, the   World Health Organization (WHO)   reported a 71% surge in cholera-related deaths in 2023 compared to 2022, highlighting the critical role of hygiene in disease prevention.

2. Rising Demand for Convenient and Portable Solutions

Modern lifestyles characterized by busy schedules and frequent travel have propelled demand for convenient and portable cleaning solutions. Disposable wipes cater to this need effectively, providing quick and efficient cleaning without the necessity of water or traditional cleaning tools. Their ease of use, especially in personal care and baby care, bolsters their widespread adoption across diverse demographics.

Market Restraints

1. Environmental Concerns and Waste Generation

Despite the benefits, the market faces challenges due to growing environmental concerns. Single-use wipes significantly contribute to global waste, exacerbating pollution and landfill issues. According to the   World Bank , global waste generation is projected to reach   3.40 billion tons by 2050 , raising alarms over the sustainability of disposable products. Even biodegradable wipes may contain chemicals that can harm ecosystems, while the availability of reusable alternatives like cloth wipes, paper towels, and sanitizers presents further competition.

Market Opportunities

1. Demand for Sustainable and Eco-Friendly Products

The rising consumer consciousness around sustainability presents a significant opportunity for market players. There is growing demand for   eco-friendly wipes   made from biodegradable, recyclable, or plant-based materials. Brands focusing on ethical production and minimal environmental impact are likely to capture a larger market share. Moreover, online sales channels provide further growth prospects, especially as consumers increasingly prefer the convenience of e-commerce platforms for purchasing hygiene products.

2. Growth in Customized Disposable Wipes

An emerging trend within the market is the demand for   customized disposable wipes   tailored to specific needs. Brands are developing wipes in various materials, designs, and functionalities for branding, marketing, and specialized applications. Customized offerings, such as branded wipes for hospitality or healthcare sectors, add value and foster customer loyalty, opening new revenue streams for manufacturers.

Regional Insights

The global market exhibits diverse growth patterns across various regions, influenced by economic development, consumer preferences, and regulatory landscapes.   Asia Pacific   often leads in market share due to rapid urbanization, rising disposable incomes, and expanding middle-class populations, especially in countries like   China, India, and Southeast Asia .   North America   typically showcases strong demand driven by high consumer awareness, advanced retail infrastructure, and the presence of major industry players.   Europe   stands out for its emphasis on sustainability and eco-friendly products, with stringent environmental regulations shaping consumer choices. Emerging regions like   South America   and the   Middle East & Africa   are witnessing growing adoption of modern products fueled by increasing urbanization, improving healthcare access, and rising hygiene awareness. These regional trends, coupled with digital transformation and e-commerce growth, collectively drive the global market forward.

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Notable developments include:

• March 2021:   EarthSafe Chemical Alternatives launched surface disinfection wipes.
• January 2021:   Cintas Corporation introduced new hand sanitizing and disinfecting wipes.

The global disposable wipes market is poised for steady growth, driven by heightened hygiene consciousness, demand for convenience, and sustainability trends. While environmental concerns pose a challenge, opportunities in   eco-friendly product development and digital sales expansion   remain robust. Companies that align with sustainability, innovation, and customer-centric solutions will likely lead the market in the years ahead.

Market Overview:

According to Fortune Business Insights The Global   Waterless Cosmetics Market   size was valued at USD   11.23 b illion in 2023. The market is expected to expand from USD   11.78   b illion in 2024 to USD   19.81   b illion by 2032, exhibiting a CAGR of   6.71 % over the study period.

Waterless cosmetics are inclusive of water-free beauty products that mostly do not contain water as a main ingredient. The increasing adoption of healthy skincare routines among women is expected to expedite product demand, augmenting market growth. The consciousness among women about the ingredients in their skincare products is increasing, and they are searching for formulations that do not contain harmful chemicals.

The COVID-19 pandemic resulted in extensive lockdowns and restrictions that led to upheavals in the supply of raw materials and transportation disruptions. As a result, the production units were influenced, making it problematic for cosmetics brands to maintain their supply chains while serving consumer demand for waterless products. Despite this, the market witnessed the adoption of DIY beauty regimens and self-care routines by several consumers as more time was spent at home.

List of Key Players Mentioned in the Report:

• L’Oréal S.A. (France)
• The Procter & Gamble Company (U.S.)
• Kao Corporation (Japan)
• Henkel AG & Co. KGaA (Germany)
• The Estée Lauder Companies Inc.(U.S.)
• Amway (U.S.)
• Biotique (India)
• Revlon Inc. (U.S.)
• Coty Inc. (U.S.)
• Shiseido Company, Ltd. (Japan)
• Ruby's Organics (India)
• Clensta (India)
• Olaplex (U.S.)
• Bath & Body Works (U.S.)
• B Blunt (India)

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Segmentation:

Delivery of Concentrated Formulations by Waterless Skincare Products to Escalate Segment Expansion

In terms of product, the market is categorized into haircare, skincare, makeup, and others. The skincare segment dominates the market, which can be credited to the delivery of concentrated formulations with various advantages by these products. This inclines consumers seeking efficiency in their beauty regimens.

Availability of a Huge Range of Products to Foster   Hypermarkets/Supermarkets Segment Growth

On the basis of sales channel, the market is classified into online channels, specialty stores, hypermarkets/supermarkets, and others. The hypermarkets/supermarkets segment registered the largest waterless cosmetics market share in 2023, propelled by the availability of a massive range of products in the same store. These stores are also considered one-stop shopping destinations.

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

Report Coverage

The market research report offers a detailed analysis of the competitive strategies leveraged by leading companies to sustain their industry leadership. It further provides a comprehensive coverage of the key segments, top trends, notable industry developments, and COVID-19 pandemic impact. Besides this, the major factors impacting the market growth have been mentioned in the report.

Drivers and Restraints:

Technological Developments With Respect to Cosmetic Products to Impel Market Growth

The innovations in formulation technology lead to the development of effective waterless cosmetics that can maintain the performance and stability of the product without the requirement for water. For example, the creation of new synthetic ingredients, including emulsifiers and polymers, enables the formulation of cleansers, serums, and creams that offer efficacy and hydration like traditional products.

Despite such opportunities, the side effects related to chemical-based cosmetics and unawareness may hamper waterless cosmetics market growth.

Regional Insights:

Asia Pacific Led Impelled by Rapid Growth in Disposable Incomes

Asia Pacific waterless cosmetics market obtained the largest share of the market in 2023, fueled by the rapid surge in the disposable incomes of consumers in Asia. As a result, the demand for premium beauty products has increased. The search for effective and innovative skincare solutions by consumers in various nations is further leading to market growth.

Europe market growth is augmented by the availability of a varied range of offerings, such as powdered cleaners, concentrated serums, and solid shampoos. This variety helps consumers find products that cater to their particular requirements, which boosts the uptake of these products.

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Competitive Landscape:

Top Players Emphasize Product Development Strategies to Cater to Consumer Demand

Capacity expansions, joint ventures, acquisitions, and mergers are some of the strategies deployed by leading companies to reinforce their industry position. A wide range of companies are prioritizing the development of enhanced waterless cosmetics to cater to the growing demand among consumers.

Key Industry Development:

April 2022 –   Kao Corporation announced the release of a new dry shampoo called Space Shampoo Sheet. The new product demonstrates a perforated design to help with cleansing. The firm claims that it can remove stickiness, odor, dust, and other fine particles.

Market Overview

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

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

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

Key Companies :

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

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Market Scope   The event tourism market encompasses various sectors including sports, music, business exhibitions, and cultural events, covering both domestic and international tourism. The scope extends to online and offline booking channels and incorporates physical and virtual event formats.

Event tourism contributes significantly to local economies by boosting hospitality, transportation, and retail sectors. This growth is further supported by government initiatives, infrastructure development, and cross-industry collaborations aimed at enhancing destination appeal.

Market Analysis   In-depth market analysis reveals a steady transition toward digital and hybrid models, allowing broader accessibility and participation. The integration of cutting-edge technologies such as   AI, VR, and AR   is enhancing the overall attendee experience, especially for international participants unable to travel.

Moreover, the focus on   sustainable tourism practices   aligns with global environmental goals, prompting key players to innovate and reduce their carbon footprints while maintaining event quality and engagement.

Market Dynamics

Drivers

• Rising demand for   unique event experiences , especially among   Millennials and Gen Z .
• Growth of the   MICE (Meetings, Incentives, Conferences, Exhibitions)   sector, backed by globalization and government investments.
• Strategic partnerships among key players enhancing event offerings and visibility.

Restraints

• High costs   of premium event packages, making participation less accessible to price-sensitive consumers.

Opportunities

• Online booking platforms   broadening accessibility to diverse event packages.
• Integration of   VR, AR, and hybrid event formats   for immersive experiences.
• Increasing collaborations between   event organizers, sponsors, and local tourism boards .

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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).
• OYO   introduced Oravel Travel Solutions for corporate travel (October 2024).
• Jandec Travel   launched exclusive MICE packages (April 2024).
• DreamSetGo   released travel packages for major sports events (May 2022).

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

List of Key Players Mentioned in the Report:

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

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Segmentation:

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

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

Durable Nature of Synthetic Fiber to Impel Segment Growth

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

Surging Demand in the Female Fashion Industry to Spur Segment Expansion

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

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

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

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

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

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

Report Coverage

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

Drivers and Restraints:

Sustainability and Technological and Manufacturing Advancements to Propel Market Growth

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

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

Regional Insights:

Asia Pacific Holds Leading Position Due to Rising Disposable Income

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

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

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Competitive Landscape:

Major Companies Deploy Partnerships to Boost Their Position

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

Key Industry Development:

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

Report Overview-

According to Fortune Business Insights™ the Global   Video Games Market   size was valued at USD 188.73 billion in 2021 and is projected to grow from USD 199.74 billion in 2022 to USD 307.19 billion by 2029, exhibiting a CAGR of 6.3% during the forecast period. The market is slated to expand significantly owing to growing popularity of competitive multiplayer games.

Segments-

Easy Access to 5G Networks will Drive Market Growth

As per device, the market is divided into PC/laptop, smartphones, and consoles. Among these, the smartphones segment captured the largest video games market share. Easy access to 5G networks and launch of smartphones with advanced features resulted in a surge in the number of gamers.

Tech Savvy Populace will Promote Market Growth

Based on age group, the market is split into generation X, generation Y, and generation Z. Generation Z is tech savvy as they grew up in an era of technological advancements, availability of high-speed internet, and growing smart phone penetration.

Launch of Gaming Smartphones will Contribute to Market Elevation

According to platform type, the market is segmented into offline and online. The online segment dominated the market and is expected to grow in the coming years due to the launch of gaming smartphones with advanced features. Digitization in emerging countries such as India and China has driven the growth of online games.

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

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List of Key Players Present in the Market :

• Sony Group Corporation (Japan)
• Microsoft (U.S.)
• Nintendo (Japan)
• Tencent (China)
• Activision Blizzard (U.S.)
• Electronic arts (U.S.)
• Epic Games (U.S.)
• Take-two interactive (U.S.)
• Ubisoft (France)
• Bandai Namco Holdings Inc. (Japan)

Report Coverage-

The report explains drivers and challenges affecting market proliferation in the upcoming years. It includes an exhaustive analysis of the market by fragmenting it into segments and regions. Moreover, the report entails a company profiles section inclusive of strategic decisions undertaken by them recently. It also studies the impact of COVID-19 and enables investors to make informed decisions by providing accurate predictions regarding market conditions.

Drivers & Restraints-

Rising Consumer Inclination Toward Multiplayer Games to Fuel Market Growth

Gamers are more inclined toward competitive multiplayer mobile games such as Call of Duty (COD) and Player Unknowns Battlegrounds (PUBG). The increasing popularity of Esports is another factor fueling the market. These video games allow gamers to interact with fellow players, thus increasing engagement. These games enable players to compete with others in real-time and create a sense of self-achievement, which further increases their popularity and boosts demand.

On the other hand, governments impose bans on some developers and games to protect players against data breaches, exposure to violence, or cyber security threats, which will hinder the video games market growth.

Regional Insights-

Asia Pacific to Lead Backed by Growing Smartphone and Internet Penetration

Asia Pacific held the largest market share in the recent past due to increasing internet and smartphone penetration in China and India. Furthermore, various leading players have their headquarters in China which also contributes to market expansion in this region. The availability of social media platforms has allowed gamers to socialize beyond games which enhances the reach of video games.

Meanwhile, North America is predicted to grow substantially in the coming years due to technological advancements and easy access to high-speed internet

Competitive Landscape-

Launch of Innovative Products to Promote Market Expansion

Industry leaders often make strategic decisions such as partnerships, collaborations, and mergers & acquisitions to enlarge profit margins and strengthen their foothold in the market. One such move is the launch of new products & technologies to meet ever-growing needs of consumers.

To get to know more about this market, please visit :
https://www.fortunebusinessinsights.com/video-game-market-102548

Key Industry Developments-

December 2022 : Nintendo announced the launch date of its well-known franchise Fire Emblem. The new Fire Emblem Engage will be launched in January 2023 with upgrades and developments in characters and new features which shall make the game more engaging.