Outbound Tourism Market Trend, Segmentation, Top Key Players Analysis Industry, Opportunities and Forecast to 2030

The GCC outbound tourism market is poised to expand at a stellar pace in the years to follow. The tourism industry across the gulf countries has been growing at an exponential rate over the past decade. The liberalisation of policies across these countries, especially in the context of cross-country trade and commerce, has been a crucial driver of market demand. Several of the GCC nations are at important junctures of their journey to fruition, and the tourism industry would play an important role in meeting the prime goals of these nations. Outbound tourism has been a source of intellectual as well as economic growth for the GCC. On account of the factors mentioned above, it is safe to expect the GCC outbound tourism market would attract formidable investments in the times to follow.

In this syndicate review, Transparency Market Research (TMR) sheds light on several factors pertaining to the growth of the GCC outbound tourism market. It is imperative for the vendors operating in GCC outbound tourism market to leverage on opening of borders to new regions. The aviation industry has also played a crucial role in driving sales across the GCC outbound tourism market.

GCC Outbound Tourism Market: Notable Developments

• As airports across the GCC reopen with relaxations in lockdowns, the GCC outbound tourism industry could recover from its perils. The outbreak of the coronavirus had brought travel and tourism to a standstill. However, the tourism industry is projected to come back stronger over the next quarters of the year. The companies providing key services for outbound tourism can leverage the reopening of airports to their advantage. These companies can improve their functional standards to keep abreast of the changing times.

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• Outbound tourism for business is expected to gather momentum in the years to follow. Most people are expected to refrain from travelling to foreign countries for leisure and entertainment. Henceforth, the vendors operating in the GCC outbound tourism market are expected to focus on attracting business travellers. These companies are resorting to online marketing and outreach campaigns to clock in a decent chunk of the market share. Several new policies governing tourism and travel in the GCC have emerged in these times.

GCC Outbound Tourism Market: Growth Drivers

• Business Opportunities Outside the GCC

The ties of the GCC with other nations have improved in recent times, opening doors to several other nations. Arabs have become more inclined toward looking for business prospects in new regions that are outside of their immediate nations or territories. Furthermore, governments across several GCC territories such as the UAE, Saudi Arabia, and Qatar encourage their nationals to undertake business and commerce tours to other regions. The presence of a seamless tourism sector in these countries has aided the growth of the outbound tourism market. The GCC has witnessed several changes to the trade and commerce fabric, creating new opportunities for travel and tourism.

• Educational Travel and Trips

The education sectors of most GCC countries are still in the phase of maturing, and there are limited opportunities for budding scholars. Governments across the GCC provide several scholarships to students and research scholars willing to go on educational trips and expeditions to western countries. This factor is projected to fetch humongous revenues within the GCC outbound tourism market. Several GCC nations have amended their tourism and travel guidelines and policies to encourage and assist more people in travelling the world. It is evident that the GCC outbound tourism market would expand at a stellar pace in the years to follow.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Competitors Analysis of Equestrian Equipment Market from 2020 to 2028

The introduction of new materials and technologies in the equine industry may assist the equestrian equipment market to blossom across the forecast period of 2019-2028. Equestrian equipment such as saddle pads, helmets, riding boots, horseshoes, protective vests, and protection boots assure good protection for the jockey as well as the horse. Therefore, the use of equestrian equipment during recreational sports activities and tournaments may accelerate the growth rate of the equestrian equipment market to a great extent. The equestrian equipment is made using diverse materials such as aluminum, fabric, steel, and fabric.

This report offers useful breakthroughs that influence the growth of the equestrian equipment market positively. It also focuses on various parameters such as key trends, competitive structure, regional assessment, etc. The segmental study enables an individual to thoroughly understand the different growth aspects of the equestrian equipment market in a well-ordered manner.

Equestrian Equipment Market: Competitive Scenario

The manufacturers in the equestrian equipment market invest heavily in research and development activities to create cutting-edge equipment that offer maximum comfort and convenience. The induction of smart technologies in the equestrian equipment has rung a bell among many manufacturers. Therefore, new products with the inculcation of technologies like the Internet of Things (IoT) are expected to make a mark across the market.

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Mergers, acquisitions, joint ventures, partnerships, and collaborations also play an important role in attracting growth for the equestrian equipment market. For instance, the American Equestrian Trade Association recently partnered with Dallas Market Center to host the world’s largest equestrian marketplace in the world. Such developments lead to a boost in sales, eventually aiding the equestrian equipment market for exponential growth. HKM Sports Equipment GmbH, Cavallo GmbH, Dainese S.p.A, and Ariat International are some of the well-entrenched players in the equestrian equipment market.

Equestrian Equipment Market: Technological Advancements

The equestrian equipment market is embracing technologies like sensors and the Internet of Things (IoT) for a more secure and efficient horse-racing experience. Novel equestrian equipment equipped with good quality material and cutting-edge technologies are expected to bring great growth opportunities for the equestrian equipment market. For instance, a company, known as Gallop Equine has created a Bluetooth-connected SmartBoot. The boots are made from leather and consist of an inertial measurement unit that helps in movement detection. When the heel moves higher than the toes, the rider is notified through a transducer that softly buzzes around the foot. The use of wearable sensors is also expected to gain traction across the forecast period.

Equestrian Equipment Market: Key Trends

Initiatives and campaigns by various equine organizations to raise awareness about equestrian equipment may serve as growth generators for the equestrian equipment market. The campaign, ‘Safety Week’ by the British Equestrian Trade Association (BETA) is organized every year to raise awareness about the safety and importance of equestrian equipment.

Fashionable equestrian equipment is also penetrating deep in the equestrian equipment market. Manufacturers are paying attention to design unique equestrian equipment with a tinge of fashion. Equipment with Swaroski elements and stainless steel neck rings are garnering considerable support and are anticipated to gain greatly across the forecast period.

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Equestrian Equipment Market: Geographical Landscape

The equestrian equipment market is geographically segmented into North America, the Middle East and Africa, Latin America, Asia Pacific, and Europe. The U.S. has an upper hand in conducting numerous events relating to equestrian sporting. According to the American Horse Council, more than 2 million people from the U.S. engage in the sport annually. The Equine Business Association also foresees the participation of 16 million people across the world. These statistics highlight the growing influence of equestrian sports across the world. Thus, the growing participation will eventually benefit the equestrian equipment market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Beard Oil Market: Competitive Dynamics & Global Outlook 2027

 

• Beard oil is used to nourish the beard and the skin underneath it. Beard oil helps maintain a shiny, soft, and smooth beard. Various artificial and natural products are utilized to lend a scent to the oil.
• Beard oil can be used as a substitute for aftershave or cologne. Some of the popular beard oil ingredients include argan oil, jojoba oil, grape seed, castor oil, almond oil, vitamin E, and eucalyptus.
• Economic condition of developing countries is improving due to rapid industrialization and urbanization. This is anticipated to fuel the demand for Beard Oil during the forecast period.

Increasing consumers spending on facial products to Drive the Global Beard Oil Market

• Increase in spending on facial products by consumers, in order to improve their personality, is estimated to boost the market. It has been observed that a large number of millennial and generation X men are spending on beard oil products. The trend of growing a thick beard is being witnessed across the globe. Moreover, endorsement by celebrities and fashion experts is driving consumers to spend on beard oils. Companies are hiring celebrities to promote their products. For instance, in February 2019, cosmetic brand Chrisla Essentials launched their new scented oil that was endorsed by Namibia-based morel Wellem Kapenda.

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North America to Hold a Leading Share of Global Beard Oil Market

• Geographically, the global Beard Oil market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
• North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the Beard Oil market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the Beard Oil market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America Beard Oil market is segmented into Brazil, and Rest of South America.
• North America dominates the market share due to growing consumer preference for beard growth which has increased global sales of Beard Oil.
• However, Asia Pacific is anticipated to grow at a fastest CAGR growth rate during the forecast period. Change in lifestyle and expenditure patterns of consumers has increased the demand for beard grooming products. Like women, men are also spending on self-grooming and becoming more conscious and indulgent about self-care.

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Key Players Operating in the Beard Oil Market:

Considering that the market offers significant opportunity, these companies are focused on expansion of their product portfolios in order to consolidate their share in the market. For instance, India-based manufacturer Bombay Shaving Company started its business with shaving blades and razors sales.

Subsequently, the company expanded its product range to include facial hair grooming products such as beard growth oil, a combination of vetiver, coconut, jojoba seed, sesame seed, and amla and brahmi oils.

Companies are expanding their business across different region to cater to the demand of consumers. A few of the key players operating in the global Beard Oil market are:

• BOSSMANBRANDS
• Leven Rose
• MOUNTAINEER BRAND PRODUCTS
• Brickell men’s Product
• Prophet and Tools
• The American Beard Company
• The Gentleman’s
• Honest Amish
• Viking Revolution

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Anti-Slip Tiles Market Size, Share, Development by 2027

 

• Anti-slip tiles offer friction between human foot and flooring surface to avoid slippage accidents. Anti-slip tiles are also referred to as anti-skid tiles.
• Anti-slip tiles are primarily used in heavy foot traffic areas and damp environments, such as kitchen, bathroom, courtyard/backyard, garden floor/outdoors, swimming pool, gym, commercial office stair & lobby, and manufacturing & processing industry premises 
• Commercial tile manufacturers have developed new techniques of applying anti-slip coatings to installed tiles in order to enhance its anti-slip property
• Increase in infant and elderly population and rise in floor slips falls resulting in injury-related deaths have driven homeowners to install anti-slip tiles. This factor is anticipated to drive the global anti-slip tiles market.

High Demand for Anti-Slip Tiles in Manufacturing and Processing Industries to Drive the Global Anti-Slip Tiles Market

• In terms of end-use industry, the global anti-slip tiles market can be segregated into residential, commercial, and industrial. The residential segment is estimated to account for a major share of the global anti-slip tiles market in the near future.
• Floor slippage accidents account for 30% of the total industry accidents in the world. In order to counter these issues and improve safety, there are numerous regulations that instruct manufacturers and processors to maintain the specified coefficient of friction (COF) for industrial floorings.
• High degree of COF is observed in anti-slip tiles that comply with American National Standards Institute (ANSI) and National Floor Safety Institute (NFSI) standards and are widely installed in manufacturing and processing industries 
• Industrial workplace fluid spills and employee slippage rate is observed to be higher in food & beverages, chemical, pharmaceutical, and petrochemical industries. Increase in adoption rate of anti-slip tiles in these manufacturing and processing industries is anticipated to boost the growth of the global anti-slip tiles market.

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Increase in Demand for Anti-Slip Tiles in Residential Applications

• Anti-slip tiles are primarily used in residential buildings in kitchen, bathrooms, living room, garden outdoors, and parking spaces. Tiles that are installed in residential buildings are manufactured using distinct materials, such as ceramic, porcelain, PVC, and polyurethanes.
• Anti-slip tiles offer high slip resistance that prevent major accidents in damp environments, such as kitchen and bathrooms. These tiles provide excellent durable and scratch resistance that enhance their durability. Anti-slip tiles incur low maintenance cost and are cost effective as compared to other alternative substitutes.
• Demand for anti-slip tiles in kitchen, bathroom, living room, garden outdoors, and parking spaces is expected to increase in the near future, owing to their safety, low cost and maintenance, durability, and aesthetical characteristics.
• Anti-slip tiles are extensively employed in kitchens and bathrooms, as they offer impressive designs, themes, shapes, sizes, and comfort. Furthermore, rise in the standard of living and increase in demand for anti-slip tiles for design and aesthetic purposes are estimated to boost the demand for anti-slip tiles.

Asia Pacific Leads Global Anti-Slip Tiles Market

• Geographically, the global anti-slip tiles market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
• Asia Pacific accounted for a major share of the global anti-slip tiles market in 2018 due to the presence of large residential and commercial consumer base in the region
• This market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to rise in the standard of living of people in countries, such as China and India, and those in the ASEAN region
• Advent and emergence of anti-slip tile production techniques are likely to offer an drive their production in Asia Pacific
• Increase in adoption of anti-slip tiles for outdoor areas in residential buildings and for aesthetic purpose in the commercial industry in Asia Pacific is anticipated to drive the anti-slip tiles market in the region during the forecast period.

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• Production capacity expansions by manufacturers of anti-slip tiles in China and India are likely to boost the demand for anti-slip tiles in the near future
• Large manufacturing and processing industries in Europe are compelled to follow the British European Standards for industrial floorings. High demand for anti-slip tiles in these industries is propelling the growth of the anti-slip tiles market in the region
• North America and Latin America also held significant share of the global market in 2018, owing to the constant demand for anti-slip tiles in residential and commercial industries in these regions
• Rise in construction activities, such as infrastructure remodeling, repairs & renovations, residential housing, and commercial project permits in the U.S. are projected to drive the global anti-slip tiles market during the forecast period

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Detox Product Market : Top Trends to Look for in 2020-2027

Detoxification process helps body improve immune system, digestion and helps the body relieve harmful toxins.

And, the global detox product market is set to chart a decent growth over the forecast period of 2019 to 2027. The steady CAGR (Compound Annual Growth Rate) that the market would witness will create worthy growth opportunities for market players to dabble with.

It is being driven ahead by increasing levels of drug addiction and high levels of drinking alcohol and smoking. And education of masses about the adverse effects of these is generating demand for these products.

Global Detox Product Market: Notable Developments

The global detox product market is witnessing numerous developments that are not just significant for players to take note of but also to understand how the market would operate over the coming years. An in-depth dive in can be had in our upcoming report.

In 2018, red tea detox was unveiled and it was a hit as it not just detoxified the body but also helped with weight loss in a major way. This brings us to how significant it is for companies to develop new products and thereby, diversify their portfolios.

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The global detox product market is slightly consolidated and moving steadily towards fragmentation and prominent players in the market include Pfizer Inc.; Novartis AG.; West-Ward Pharmaceuticals Corp.; Mallinckrodt PLC.; Biodelivery Sciences International Inc.; Mylan N.V.; Body Ecology, Inc.; Detoxify LLC.; Himalaya Global Holdings Ltd.; The Bioforce Group; and others. Players are focusing on improving their products to keep an edge over competitors.

Global Detox Product Market: Key Trends and Drivers

Certain factors are shaping the growth curve for global detox product market. They are paving the way for how market would operate over the coming years. A glimpse is shared below.

• The incidence of drug abuse is rising over the world. As per data from the United Nations Office on Drugs and Crime (UNODC), the prevalence of drug use is deep – about 3.4% to 7.0% globally. And governments are scurrying to fix the issue, leading to growth in the detox products markets. As of now, the demand for treatment is particularly high in Western and Central Europe. Here, the maximum patients are from the opioid usage category. There were about 1.5 million of opioid users in the continent in 2013. And, about 700000 of these asked for treatment. The trend is set to continue. Also, cannabis use in Asia stay high, creating opportunities of growth for players in detox market.
• The herbal segment is looking at improved demand, especially the green tea segment. It has numerous health benefits, especially for smokers, who are creating a high demand for the product in the market. Thus, it doesn’t come a surprise that more novel flavours hit the market every now and then.

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Global Detox Product Market: Geographical Analysis

North America holds a major share of the market. And, the Unites States plays a big role in helping the region maintain its position of dominance. This is primarily because it is seeing a massive increase in addicts and the government is leaving no stone unturned to improve the situation. And, thus it is running a number of programs that aim at educating and spreading awareness about the adverse effects of substance use and how to fight the menace once someone is caught up in its web.

However, it might be worth noting here that the region that will demonstrate new growth opportunities is Asia Pacific (APAC). The region is in its worst phase of drug addiction, especially areas such as Punjab in India, etc and would need detox products over the forecast period. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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High-definition Audio Products Market: Deep Company Profiling of Leading Players 2020-2027

 

• High-definition audio products also known as high-resolution audio products is a technical and marketing term for audio greater than 44.1kHz sample rate or higher than 16-bit audio bit depth.
• In layman’s terms, The Digital Entrainment Group, Consumer Electronic Association, and The Recording Academy together have defined high-definition audio products as lossless audio that is capable of reproducing the full range of sound from recordings that have been mastered from better than CD quality music sources.
• The main benefit of high-resolution audio quality is the superior sound quality over compressed audio formats.

Key Drivers of the Global High-Definition Audio Products Market

• Increasing demand for high quality music, especially among audiophiles is one of the key reasons for the growth of high-definition audio products. Additionally, increasing demand for high quality wireless audio technology and devices have prompted the growth of high-definition audio products worldwide.
• Demand for such high quality wireless audio devices is not just from the residential segment but also from the commercial sector and niche segments such as security services and military departments. The automotive industry is also experiencing robust demand for high-definition audio speakers as well as music systems. This is helping in generating more traction for the growth of the high-definition audio products market.

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Affordability Issue of High-definition Audio Products Anticipated to Hamper the Growth of the Market

• One of the key factors hampering the growth of the high-definition audio products market is its affordability. These products are expensive in nature owing to their application, primarily in the niche market. File size is another concern. Unlike a normal audio file, a high resolution audio file can be typically tens of megabytes in terms of size which quickly eats up the storage of the device. Added to this, numerous high-resolution audio file formats are available to choose from, all of which have their own compatibility requirements. All these factors restrain the growth of the high-definition audio products market.

Increasing demand for all surround systems and other audio devices to offer attractive opportunities for the growth of the high-definition audio products market

• Increasing demand for sound bars and home theater systems in emerging economies could create lucrative opportunities for the growth of high definition audio products. Its commercial application especially in offices as well as in recreational spaces could also help in creating greater traction for the growth of the high-definition audio products market.

Asia Pacific Offers Growth Avenues for the High-Definition Audio Products Market

• Geographically, the high-definition audio products market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).

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• North America and Europe boast some of the key manufacturers of high-definition audio products.
• Asia Pacific on the other hand is a prominent region that is home to some of the top consumer electronic companies specialized in the audio industry.
• Other regions such as South America and Middle East & Africa have strong potential growth for the high-definition audio products market.

Key Players Operating in the Global High-Definition Audio Products Market

The high-definition audio products market is moderately consolidated with presence of many key global players specialized in the audio industry along with many regional players providing niche products to specialized clients. A few of the key players operating in the global high-definition audio products market include:

• Astell&Kern
• Bowers & Wilkins
• FiiO Electronics Technology
• Harman International
• Koninklijke Philips N.V.
• LG
• Naim Audio
• Samsung

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Cosmetic Wax Market: Growth Opportunities to Tap into in 2020-2027

 

• Cosmetic wax is generally used in cosmetics and for personal care & grooming applications. It provides texture and structure to cosmetic products including lip balms, lipsticks, creams, and lotions. Natural, semi-synthetic, and synthetic waxes are a mix of esters, alcohols, and fatty acids. Cosmetic wax is broadly used in personal care formulations to modify skin feel and improve the performance of the product. It is majorly used for the process of hair removal, known as waxing. Beeswax is a cosmetic wax which is naturally produced by honeybees.

Increase in population of working women and rising disposable income drives the market

• The increase in number of working women indirectly affects the cosmetic wax market. Rise in disposable income has increased the spending power of users. Women nowadays are more independent and spend accordingly to their needs. The impact of the beauty industry and social media influence are encouraging women to look more presentable which ultimately increases the usage of cosmetic products. These factors majorly lead to the expansion of the cosmetic wax market.  

Growing beauty and fashion industry to impact growth of the global cosmetic wax market

• Cosmetic wax is generally used in cosmetic products and for hair removal purposes. It is majorly used to beautify the skin. Growth of the beauty and fashion industry is expected to positively impact the cosmetic wax market. People in the film industry and beauty & fashion industry need to groom themselves regularly and remain presentable which boosts the usage of cosmetic wax. Also, the extensive usage of cosmetic wax containing products such as lip balms, lipsticks, creams, and lotions in these industries are projected to drive the sales of cosmetic wax in the near future.

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Rising trend of natural products to create more opportunities in the cosmetic wax market

• Nowadays, people are increasingly demanding natural products due to concerns about health and skin care. The growing awareness about benefits of natural products is set to create more opportunities for the natural cosmetic wax market in the coming years.  

Asia Pacific to Lead the Global Cosmetic Wax Market

• In terms of region, the global cosmetic wax market can be divided into North America, Asia Pacific, Europe, and Middle East & Africa.
• Country-level analysis of North America includes Canada, the U.S., and Rest of North America. Analysis and forecast of the cosmetic wax market in Asia Pacific features India, China, Japan, and Rest of Asia Pacific. Similarly, Europe includes markets across the U.K., Germany, France, and Rest of Europe. Middle East & Africa cosmetic wax market includes South Africa, GCC countries, and Rest of Middle East & Africa. The South America is segmented into Brazil, and Rest of South America for the analysis of the cosmetic wax market.
• Asia Pacific is likely to witness maximum demand for cosmetic wax from 2019 to 2027 followed by North America.
• Leading manufacturers of cosmetic wax have extensive distribution networks along with deep product penetration. Several manufacturers of cosmetic wax are focusing on innovation in their products and manufacturing products with more variations.

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Key Manufacturers Operating in the Market

Key manufacturers operating in the global cosmetic wax market are:

• Xanitalia
• Cirepil
• Rica Group
• GiGi
• Tuel
• Koster Keunen
• Dow
• CALWAX
• LCM company

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