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Leisure Travel Market is set to experience a significant growth rate | Himin Solar Energy Group, V-Guard Industries Ltd, Ariston Thermo SpA

Leisure Travel Market by Traveler Type (Solo and Group), Sales Channel (Conventional Channels, Online Channels), By Age Group (Baby Boomers, Generation X, Millennials and Generation Z) and By Expenditure Type (Lodging, Transportation, Food & Beverages, Events & Entertainment and Others): Global Opportunity Analysis and Industry Forecast, 2021-2027  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Leisure Travel market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Leisure Travel market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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The global leisure travel market size was valued at $1,006.5 billion in 2019, and is projected to reach $1,737.3 billion by 2027, registering a CAGR of 22.6% from 2021 to 2027. Leisure travel is a form of vacation which involves a number of activities ranging from visiting newThe global solar water heater market was valued at $4.7 billion in 2019, and is projected to reach $6.7 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027.

 

Solar water heater, also known as solar domestic hot water systems, is majorly used as a cost-effective way to generate hot water for residential, commercial, and industrial end users. The system consists of a water tank and a solar collector. Solar collectors are of two types, glazed and unglazed. Glazed solar collectors are often preferred for large applications due to their high absorption efficiency. Some of the major applications of solar water heater include preheating boiler feed water and washing & cleaning in hospitals, hotels, and dormitories.

 

Increase in demand for cost-effective energy solutions for water heating is expected to boost the market growth. Zero emission from solar water heater makes it a suitable choice over conventional gas water heaters. In addition, solar water heaters consume zero natural resources such as oil and gas. For instance, the sun shining on 1m² of roof replaces 100 liters of heating oil or 100m³ of natural gas. Furthermore, rise in concern from governments on installation of solar products is anticipates to positively impact the market growth. Governments across the globe implement new rebate and incentive schemes to attract new customer segments. For instance, all residential and commercial areas in Victoria, Australia rebates are worth up to $700 depending on the type and size of the system installed. However, solar water heating needs large roof area and direct exposure to sunlight as it may not function on cloudy or foggy days. Nonetheless, advancements in back up energy systems maintaining performance on cloudy days are projected to create lucrative opportunities in the market.

 

The global solar water heater market is segmented on the basis of type, capacity, and end user. On the basis of type, it is divided into glazed and unglazed. Glazed water heater can absorb much sunlight than unglazed water heater, which makes it suitable for different climates throughout the year. Based on capacity, it is categorized into 100 liter, 150 liter, 200 liter, and others. The 200 liter capacity segment accounted for significant revenue share. This is attributed to increase in demand in the residential sector. Based on end user, it is segmented into residential, industrial, and commercial. The residential sector accounted for significant revenue share, owing to rise in investment in the construction sector in the re-establishment and refurbishment of buildings. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA, with country level analysis of each region.

 

Major players have adopted product launch, business expansion, and acquisition to sustain the intense market competition. The key players profiled in the report include Himin Solar Energy Group, V-Guard Industries Ltd, Ariston Thermo SpA, KODSAN Company, Solav Energy, Zhejiang JiaDeLe Solar Co., Ltd., SunPower Corporation, A.O. Smith, and Alternate Energy Technologies.

 

COVID-19 scenario analysis:

– The global solar water heater market is expected to witness significant downfall in the long term.

– This is attributed to shortage of manpower and social distancing norms, which delayed new installations.

– In addition, the sharp decline in consumer expenditure highly affected the demand for various solar panels and solar collectors.

– Moreover, the upstream and downstream channels have been negatively impacted during the lockdown, which led to increase in inventory carrying cost.

– Furthermore, high dependency on Chinese exports for solar cell and solar module negatively impacted the market. Since the manufacturing firms in China were idle for the last few months, it highly impacted the production process in India.

 

Key benefits for stakeholders:

– The global solar water heater market analysis covers in-depth information of major industry participants.

– Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.

– Major countries have been mapped according to their individual revenue contribution to the regional market.

– The report provides in-depth analysis of the global solar water heater market for the period 2020-2027.

– The report outlines the current global solar water heater market trends and future estimations of the global solar water heater market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.

– Key drivers, restraints, & opportunities and their detailed impact analysis of the global solar water heater market are explained in the study.

Key market segments

– By Type

– Glazed

– Unglazed

– By Capacity

– 100L

– 150L

– 200L

– Others

– By End User

– Residential

– Industrial

– Commercial

location, staying in resorts or hotel, experiencing various tourist attractions to going to health clubs and more. People often opt for leisure travel to unwind and experience new cultures and meet new people.

The leisure travel economy comprised of a well-entrenched biosphere of industries including but not limited to logistics, accommodation, food, retail, recreation and other tourism services Companies, large and small in associated industries continuously strive to create experiences bringing people together, support communities and boosting economics of country. Substantial investment on tourism have multiplier effects in the expansion of economy including infrastructure development, stimulating private investment, aggregate demand and jobs. Tourism offers direct and indirect aid to a nation’s economy as a result past few years have saw remarkable growth in the attention paid by tourism development experts, policy makers, and industry leaders especially in the developing region of Asia-pacific and Africa region.

Recent years have seen paradigm shift towards experience rather than goods. Spending on consumer durables, apparels have seen faltering however, experiential spending on recreation, travel, and eating have seen rapid growth. As a result, travel is outpacing demand for goods. The trend is in sync with growing number of global outbound tourists in the last few years. The robust growth is expected to continue in the estimated future, driven primarily by the expansion of low cost airlines, government initiatives and technological advancements.

While the expansion in tourism industry has led to creation of jobs, a proliferation of tour operators, and increased ease in booking accommodation, logistics and services, the push comes with its own set of unique challenges-economic slowdown, infrastructure, and political tensions, among other.

The leisure travel market has been segmented based on traveler type, sales channel, age group, expenditure type and region. Based on traveler type, the leisure travel market is bifurcated into solo and group. Based on sales channel the global market is studied across conventional channels, online channels. By age group, it is divided into baby boomers, generation X, Millennials and Generation- Z. On the basis of expenditure type, the market is categorized into lodging, transportation, food and beverages, events & entertainment and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA

The key players profiled in the report includes Expedia Group, Priceline Group, Carlson Wagonlit Travel, JTB Americas Group, World Travel, Inc., American Express Travel, Travel Leaders Group, TUI Group., Thomas Cook (India) Limited and Cox & Kings Ltd.

 

KEY BENEFITS FOR STAKEHOLDERS

– This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the leisure travel market analysis from 2019 to 2027 to identify the prevailing leisure travel market opportunities.

– The market research is offered along with information related to key drivers, restraints, and opportunities.

– Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.

– In-depth analysis of the leisure travel market segmentation assists to determine the prevailing market opportunities.

– Major countries in each region are mapped according to their revenue contribution to the global market industry.

– Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

– The report includes the analysis of the regional as well as global leisure travel market trends, key players, market segments, application areas, and market growth strategies.

 

KEY MARKET SEGMENTS

– By  Traveler Type

o Solo

o Group

– By Sales Channel

o Conventional Channels

o Online Channels

 

– By Age Group

o Baby Boomers

o Generation X

o Millennials

o Generation Z

 

– By Expenditure Type

o Lodging

o Transportation

o Food and Beverages

o Events & Entertainment

o Others

Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

Study Explore :

  • Market Behavior/ Level of Risk and Opportunity
  • End Industry Behavior/ Opportunity Assessment
  • Expected Industry Recovery Timeline

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Each study, more than 100+ pages, is packed with tables, charts and insightful narrative including coverage on: Report Ocean provides complete tailor-made market reports that deliver vital market information on industry. Our market reports include: Market Sizing and Structuring,  Micro and macro analysis,  Regional dynamics and Operational landscape,  Demographic profiling and Addressable market,  Legal Set-up and Regulatory frameworks,  Profitability and Cost analysis,  Segmentation analysis of Market,  Existing marketing strategies in the market,   Best practice,   GAP analysis,  Competitive landscape,   Leading market players,   Benchmarking,  Future market trends and opportunities – Scenario modeling

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

 

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis Our team will be able to provide clear answers, identify key opportunities, new investments, and recommend high quality strategy routes in the market. These answers will include a holistic analysis of the:  Existing market infrastructures,    Market challenges and opportunities,    Potential for growth in certain industries in the coming years,    End-consumer target groups and their potential volumes of operation,    Best regions and segments to target ,    Pros and cons of various promotion models,    Touch points and an opportunity breakdown within the value chain,    Market size and growth rate during forecast period.,    Key factors driving the Market.,    Key market trends cracking up the growth of the Market.,    Challenges to market growth.,    Key vendors of Market.,    Detailed SWOT analysis.,    Opportunities and threats faces by the existing vendors in Global Market.,    Trending factors influencing the market in the geographical regions.,    Strategic initiatives focusing the leading vendors.,    PEST analysis of the market in the five major regions.

The  market factors described in this report are:
Key Strategic Developments in the Market:
The research includes the key strategic developments of the market, comprising R&D, M&A, agreements, new product launch, collaborations, partnerships, joint ventures, and regional growth of the key competitors functioning in the market on a global and regional scale.

Key Market Features in Global Market:
The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition to that, the study provides a comprehensive analysis of the key market factors and their latest trends, along with relevant market segments and sub-segments.

Analytical Market Highlights & Approach
The report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.

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Key Points Covered in Leisure Travel Market Report:

Global Leisure Travel Market Research Report
Section 1: Global Leisure Travel  Industry Overview
Section 2: Global Economic Impact on Leisure Travel  Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Leisure Travel  Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Leisure Travel  Market Forecast

……..and view more in complete table of Contents

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