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Sarika's Blog – May 2023 Archive (101)

Events Industry Size Worth USD 1,552.9 Billion by 2028

According to a new report published by Allied Market Research, titled, “Events Industry by Type, Revenue Source, Organizer and Age Group: Global Opportunity Analysis and Industry Forecast, 2021–2028,” The global events industry size was valued at $1,135.4 billion in 2019, and is projected to reach $1,552.9 billion by 2028, registering a CAGR of 11.2% from 2021 to 2030.







Request The Free Sample PDF Of This Report:… Continue

Added by sarika on May 31, 2023 at 12:44pm — No Comments

Virtual Event Industry to Generate $701.39 Billion by 2028

As per the report published by Allied Market Research, the global virtual event market was accounted for $57.71 billion in 2019, and is estimated to reach $701.39 billion by 2028, growing at a CAGR of 12.6% from 2021 to 2028.



Rise in trend of work-from-home, surge in the globalization of businesses, low operational cost involved in organizing virtual events, and rise in sponsorship for virtual events have boosted the growth of the global virtual event industry. However, lack of… Continue

Added by sarika on May 31, 2023 at 12:40pm — No Comments

Incentive Travel Market is set to reach a worth of $216.8 Billion by 2031

The demand for incentive travel is increasing owing to the change in organizations’ prospective towards travel-based incentives, which is expected to boost the global incentive travel market. Based on region, the Asia-Pacific region is expected to manifest the fastest CAGR of 12.79% during the forecast period. The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global incentive travel market.



According to the report published by Allied Market Research,… Continue

Added by sarika on May 31, 2023 at 11:46am — No Comments

Lab Grown Diamonds Market to Reach $55.6 Billion, Globally, by 2031 at 9.8% CAGR

Allied Market Research published a report, titled, "Lab Grown Diamonds Market by Manufacturing Method (HPHT, CVD), by Size (Below 2 carat, 2-4 carat, Above 4 carat), by Nature (Colorless, Colored), by Application (Fashion, Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global lab grown diamond industry generated $22.3 billion in 2021 and is anticipated to generate $55.6 billion by 2031, witnessing a CAGR of 9.8% from 2022 to… Continue

Added by sarika on May 31, 2023 at 11:39am — No Comments

Travel Retail Market to Reach $187.1 Billion, Globally, by 2031

Allied Market Research published a report, titled, "Travel retail Market by Product Type (Perfume & Cosmetics; Electronics; Wine & Spirits; Food, Confectionery, & Catering; Tobacco; Luxury Goods; and Others), and Sales Channel (Airports; Cruise Liners; Railway Stations; and Border, Downtown, & Hotel Shop): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global travel retail industry generated $52.7 billion in 2021 and is anticipated to… Continue

Added by sarika on May 31, 2023 at 11:32am — No Comments

Wearable Technology Market Is Estimated To Develop at A Substantial CAGR

According to a new report published by Allied Market Research, titled, “Wearable Technology Market," by Product Type, Application and Devices: Global Opportunity Analysis and Industry Forecast, 2022-2031," the Wearable Technology Market size was valued at at $54,841.40 million in 2020, and is estimated to reach $184,403.60 million by 2031, growing at a CAGR of 12.8% from 2022 to 2031. North America is expected to be the leading contributor to the global wearable technology market, followed by… Continue

Added by sarika on May 31, 2023 at 11:28am — No Comments

Pet Travel Services Market is estimated to reach $1.3 billion by 2031

According to a new report published by Allied Market Research, titled, “Pet Travel Services Market," The pet travel services market was valued at $782.41 million in 2021, and is estimated to reach $1.3 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.



Due to rise in consumer disposable income pet owners are keenly focusing on spending money on pet vacations thus, the pet travel services industry is expanding globally. Rise in number of nuclear families, rapid humanization… Continue

Added by sarika on May 31, 2023 at 11:23am — No Comments

Online Travel Market Expected to Reach $1,835.6 Billion by 2031

The travel market has evolved considerably over the past few years, owing to digitalization of travel services and the growth intravelling trend, worldwide. The proliferation of mobile devices largely supplements the growth of this market. The market is witnessing consolidation, with leading online travel agencies (OTAs) acquiring the start-ups and other smaller players, thereby, giving a tough competition to the established direct travel suppliers and travel… Continue

Added by sarika on May 31, 2023 at 11:18am — No Comments

Furniture Market is Anticipated to Grow at a Sluggish CAGR of 3.8% through 2022 to 2031

Global demand for furniture is expected to increase, owing to rapid urbanization and high purchasing power of millennial generation. The residential segment dominates the market, owing to growing phase of infrastructure and the real estate market. Moreover, advance technology of manufacturing has lowered the cost and time for manufacturing. However, manufacturers believe that rise in raw material prices would have a long-term impact on the market and hamper growth of market during the forecast… Continue

Added by sarika on May 31, 2023 at 11:13am — No Comments

FMCG Market to Reach $18,939.4 Billion, Globally, by 2031 at 5.1% CAGR

According to a new report published by Allied Market Research, titled,” Global FMCG Market by Type and Distribution Channel: Opportunity Analysis and Industry Forecast, 2018 – 2025,”the global FMCG market size was valued at $10,020.0 billion in 2017 and is projected to reach $ 15,361.8 billion by 2025, registering a CAGR of 5.4% from 2018 to 2025.





Ask for sample copy of this report @:… Continue

Added by sarika on May 31, 2023 at 11:07am — No Comments

MICE Industry by Event Type to Reach $2.1 Trillion, Globally, by 2031 at 15.2% CAGR

Allied Market Research published a report, titled, “MICE Industry by event type (Meetings, Incentives, Conventions, and Exhibitions): Global Opportunity Analysis and Industry Forecast, 2021-2031.” According to the report, the global MICE industry by event type was estimated at $345.8 billion in 2021, and is anticipated to generate $2.1 trllion by 2031, registering a CAGR of 15.2% from 2022 to 2031.







Prime determinants of growth

The increase in the presence of… Continue

Added by sarika on May 29, 2023 at 12:55pm — No Comments

Incentive Travel Market to Generate $216.8 Billion by 2031

The demand for incentive travel is increasing owing to the change in organizations’ prospective towards travel-based incentives, which is expected to boost the global incentive travel market. Based on region, the Asia-Pacific region is expected to manifest the fastest CAGR of 12.79% during the forecast period. The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global incentive travel market.







According to the report published by Allied Market… Continue

Added by sarika on May 29, 2023 at 12:52pm — No Comments

Event Pro-Av Services Market Size | Industry Thriving Worldwide at a Significant Growth | Forecast to 2031

"The increase in demand for corporate events, entertainment events and increase in spending power of the people will drive the event pro-av services market during the forecast period. The factors such as growth in various virtual platforms as well as technologies will provide lucrative opportunities to the event pro-av services market"







According to a new report published by Allied Market Research, titled, "Event Pro-Av Services Market," The event pro-av services market… Continue

Added by sarika on May 29, 2023 at 12:48pm — No Comments

Professional Beauty Services Market Size | Industry Thriving Worldwide at a Significant Growth

According to a new report published by Allied Market Research, titled, “Professional Beauty Services Market," The professional beauty services market was valued at $211.5 billion in 2021, and is estimated to reach $348.4 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.







In the professional beauty services market, consumers shifting attitudes toward personal care, combined with a constant desire to boost overall well-being, are benefiting the professional… Continue

Added by sarika on May 29, 2023 at 12:43pm — No Comments

Events Industry to Reach $1.55 Bn, Globally, by 2028

Allied Market Research published a report, titled, "Events Industry by Type (Music Concert, Festivals, Sports, Exhibitions & Conferences, Corporate Events & Seminars, and Others), Revenue Source (Ticket Sale, Sponsorship, and Others), Organizer (Corporate, Sports, Education, Entertainment, and Others), and Age Group (Below 20 years, 21–40 years, and Above 41): Global Opportunity Analysis and Industry Forecast, 2021–2028." According to the report, the global events industry was estimated… Continue

Added by sarika on May 29, 2023 at 12:40pm — No Comments

Europe Events Industry to generate $123.9 billion by 2030

According to the report published by Allied Market Research, the Europe events market generated $31.4 billion in 2020, and is estimated to generate $123.9 billion by 2030, witnessing a CAGR of 8.7% from 2021 to 2030. The report offers a detailed analysis of changing market trends, value chain, top segments, key investment pockets, regional scenarios, and competitive landscape.







Increase in corporate activities such as brand promotions, conferences/seminars, and employee… Continue

Added by sarika on May 29, 2023 at 12:36pm — No Comments

Lab Grown Diamonds Market to Reach $55.6 Billion, Globally, by 2031 at 9.8% CAGR

Allied Market Research published a report, titled, "Lab Grown Diamonds Market by Manufacturing Method (HPHT, CVD), by Size (Below 2 carat, 2-4 carat, Above 4 carat), by Nature (Colorless, Colored), by Application (Fashion, Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global lab grown diamond industry generated $22.3 billion in 2021 and is anticipated to generate $55.6 billion by 2031, witnessing a CAGR of 9.8% from 2022 to… Continue

Added by sarika on May 29, 2023 at 12:32pm — No Comments

Commercial Cooking Equipment Market (2021-2027) | Recent Research Results for Top Companies

According to a new report published by Allied Market Research, titled, “Commercial cooking equipment Market by Product Type and End Use: Opportunity Analysis and Industry Forecast, 2021–2027,” The global commercial cooking equipment market size was valued at $10,680.0 million in 2019, and is projected to reach $12,948.1 million by 2027, registering a CAGR of 5.2% from 2021 to 2027. Commercial cooking equipment provides the ease of food preparation in addition to food safety in the commercial… Continue

Added by sarika on May 29, 2023 at 12:28pm — No Comments

Fan Market to Reach $16.9 Billion. Globally, by 2031 at 4.3% CAGR

Allied Market Research published a report, titled, “Fan Market by Product Type (Ceiling Fan, Pedestal Fan, Table Fan, Exhaust Fan, Wall Fan, and Others), by End User (Residential and Light Commercial), by Distribution Channel (Multi Brand Store, Hypermarkets, Exclusive Store, and Online): Global Opportunity Analysis and Industry Forecast, 2021-2031.” According to the report, The global fan market size was valued at $11.1 billion in 2021 and is projected to reach $16.9 billion by 2031, growing… Continue

Added by sarika on May 29, 2023 at 12:25pm — No Comments

Commercial Cooking Equipment Market (2021-2027) | Recent Research Results for Top Companies

According to a new report published by Allied Market Research, titled, “Commercial cooking equipment Market by Product Type and End Use: Opportunity Analysis and Industry Forecast, 2021–2027,” The global commercial cooking equipment market size was valued at $10,680.0 million in 2019, and is projected to reach $12,948.1 million by 2027, registering a CAGR of 5.2% from 2021 to 2027. Commercial cooking equipment provides the ease of food preparation in addition to food safety in the commercial… Continue

Added by sarika on May 26, 2023 at 1:40pm — No Comments

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