Market Material Research

  Vacation Rental Industry Overview The global vacation rental market size was valued at USD 74.64 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2030. Rising expenditure on travel, vacations, and accommodation among the millennials generation is driving the market. According to Copyrise, 200,000 million global tourists are millennials and they spend around USD 180 billion on travel every year. However, the COVID-19 pandemic has negatively impacted the growth of the market. For instance, according to AirDNA, there has been a significant drop in weekly bookings between the beginning of January and March 2020. Moreover, the number of bookings in Beijing dropped by 96%, Shanghai by 71%, Seoul by 46%, and Rome by 41%. Gather more insights about the market drivers, restrains and growth of the Global Vacation Rental market Travelers in the market are more inclined towards vacation rental property over hotels owing to the comfor...

  Smart Home Security Camera Industry Overview The global smart home security camera market size was valued at USD 6.42 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 18.7% from 2022 to 2030. Rapid growth in smart home penetration across North America is positively impacting the demand for smart home security cameras. According to a report by Security InfoWatch in July 2021, the U.S. has the highest smart home technology penetration rate in the world at 40.1%. Additionally, according to a study by Fixr, in 2019, 68% of people in the U.S. were familiar with smart security systems and 53% were most likely to own one.The COVID-19 pandemic has brought about a seismic shift in people’s attitudes toward wellness and security. The industry has been witnessing a few pivoting factors determining consumers’ spending on security devices i.e., working from home, conducting purchases through online platforms, and additional spending leeway realized from no...

  Kids Furniture Industry Overview The global kids furniture market size was valued at USD 38.82 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 18.9% from 2022 to 2030. Rising real estate prices are expected to impact the sizes of houses and children’s rooms, which is projected to create growth opportunities for companies offering compact, easy-to-move, and “assemblable” furniture for kids’ rooms. The outbreak of the COVID-19 pandemic led to worldwide lockdowns and school closures that resulted in an increase in demand for kids furniture, including chairs, tables, cabinets, dressers, and chests. Owing to the ongoing pandemic, children are now required to attend online classes, necessitating a separate study space in order to accommodate themselves comfortably for long school hours. Moreover, the worldwide population's per capita and disposable income is rising, particularly in developing nations, boosting the expansion of the kids furniture ...

  Tabletop Kitchen Products Industry Overview The global tabletop kitchen products market size was valued at USD 41.68 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.1% from 2022 to 2030. The rising adoption of serving ware for everyday domestic use, coupled with significant development in the foodservice and hospitality industry, has been majorly driving the demand for tabletop kitchen products. Furthermore, the growing trend of nuclear families is creating more growth opportunities for the market. Developments in the residential category are expected to drive the product demand during the forecast period. The rising trend of separate beverage counters in the commercial and residential sectors has significantly contributed to higher demand for the drinkware category. The evolving concept of structuring bar counters at homes is also expected to positively impact the tabletop drinkware application. Gather more insights about the market drivers...