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GCC Ecotourism Market Expected to Grow at CAGR of 6.2% from 2015 to 2020

Future Market Insights (FMI) released its recent report titled, “GCC Ecotourism Market Analysis and Opportunity Assessment, 2014 – 2020”. According to the report, with crude oil prices dropping steadily on account of political and economic turmoil in GCC, a shift is required for the region to maintain its current account surplus.


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GCC’s Gross Domestic Product (GDP) reached US $ 1.64 trillion in 2013, of which the oil and oil subsidiary industries contributed around 50% of the total GDP. FMI analysis reveals that further decline is expected in the region’s account surplus over 2014–2015, and a combination of offerings from the tourism and ecotourism sector can be relied upon to ensure the region’s GDP is balanced.


Ecotourism in GCC contributes 7% of the total tourism revenue generated in the region, which is expected to grow at a CAGR of 6.2% from 2015 to 2020. Lead analyst at FMI, Narasinha Varute, said, “Demand for ecotourism in GCC is subject to the collective offerings, services and innovations made by member nations to cater to the increasing volume of inbound tourists, and also to ensure a sustainable environment in future.”


The GCC ecotourism market is largely segmented into nature ecotourism, wildlife ecotourism and generic ecotourism. Among the abovementioned segments/offerings, the nature ecotourism segment accounted for over 60.6% of the GCC ecotourism market share in 2014 and is expected to increase significantly at a CAGR of 4.7% in the near future. Generic ecotourism is the fastest growing segment, increasing at a CAGR of 10.5% between 2015 and 2020, as compared to the single-digit growth of the other segments.


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Various factors expected to drive the ecotourism market in GCC nations include region-specific ethnic attractions, increasing government funding for tourism-related initiatives, city marketing, thematic sites & zones and advanced regional infrastructure. However, limited photography options with regard to landscape and scenery, low ecotourism awareness, extreme climate and political and economic instability in the region is expected to hamper the ecotourism market during the forecast period.


Tourist inflow from conventional locations such as Europe to non-conventional regions such as GCC is expected to contribute significantly to growth of the ecotourism market. On the basis of region of origin for international tourist arrivals at GCC, around 53% are from the European region. GCC’s non-conventional destinations offer adventure and wildlife-related activities and packages, interaction with indigenous communities, shopping experiences and leisure and travel. GCC region’s ability to cater to a wide variety of tourist needs at a single location is boosting the demand for ecotourism to non-conventional destinations.


Country-wise, contributions include Gross Value Added (GVA) generated through hotel stay, shopping & leisure, food & dining, airline expenditure and other goods & services. The highest GVA contributor is hotel stay, which currently accounts for approximately 40% of the total share, followed by shopping and leisure at 22%.


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Saudi Arabia, accounted for the largest revenue percentage at 30.9%, compared to other member nations in 2014. Growth of the ecotourism market remained flat between 2012 and 2013 due to economic and political turmoil in the region. However, recent improvements in this regard is expected to drive the demand for ecotourism in the region in the near future.

5 Important Points Every Airport Project must consider before Starting Construction

Air travel has come a long way in India. It is no longer considered as a luxury or a preferred mode of the rich. The advantages are many and include: comfort and shorter travel time. As air travel becomes common, old and unused airports are receiving due attention with new airport construction taking off on a larger scale. A few examples of this trend are the renewing of airports in Belgaum that takes care of air travel in North Karnataka and South Maharashtra, and the modernisation of Goa airport.

Investing in airport construction is not all about improving mobility for people; it is more about providing an impetus to business and industry, more particularly to the tourism industry. Though the Indian air-travel industry is highly developed, there is yet a vast area that still does provide access to air travel. Building new airports in remote corners of the country is a priority of the Indian government.
Airport Construction Challenges

Airport construction once used to be the exclusive domain of the Indian government, but this has changed dramatically with the government deregulating and liberalising the airport construction process in which private parties participate extensively. Yet another policy change that is likely to give the fresh push to the airport construction industry is the introduction of private airports for parking corporate-owned jets.

Constructing airports and maintaining them can be a challenging work both for the airport management and the construction companies. The biggest challenge is the designing process that requires a good layout and use of technologies that make passenger clearance a streamlined process. In addition to this is the airport security issue. When speaking about airport security, we are not just facing the terrorism issue; there is more to it – safe baggage handling, pre-boarding and post boarding, and proper aircraft movement are the other issues that need to be addressed adequately.
Considerations in Constructing Airports

Airport structures are expected to go through extended lifecycle phase and therefore must cheap to maintain and add to this they must be also aesthetically appealing. Though the terminal is the principal area that should receive maximum attention, it is also imperative to consider other supporting facilities.

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Smart Water Bottle Market expected to reach 10.7 million by 2020

Smart Water Bottle are also known as interactive water bottle. Smart water bottle are used to update the user on the hydration level in the body. The bottle collects the various information from the user such as age, weight, temperature etc. and tracks the time and amount of water intake by the user and automatically provide the update to consume water before the body gets dehydrated according to the information gathered by the bottle. Rise in Per Capita IT spending and growing concern towards healthhas brought a considerable shift in among the people towards smart water bottle


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The global smart water bottle market is estimated to value at US$ 2.5 million in 2014 and expected to reach 10.7 million by 2020, reflecting a CAGR of 27.5% during forecast period. The smart water bottle is segmented on the basis of technology which includes inbuilt smart water bottle, hardware smart water bottle and application smart water bottle.


Inbuilt smart water bottle was valued US$ 1.0 million in 2014 with 40.1% market share. It is expected to lose out its market share by 640 BPS. Hardware smart water bottle is the largest segment in terms of revenue with 57.7% market share and likely to maintain its dominance in the forecast period with 63.6% market share reflecting an increase of590 BPS over the forecast period.Application smart water bottle is likely to exhibit highest CAGR of 32.2% during 2015-2020 with rising y-o-y growth through the forecast period.


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Geographically, the market is segmented into fiveregions namely North America, Latin America, Europe, Asia-Pacific and Middle East and Africa. North America is the dominant market for smart water bottle and likely to grow at a fastest pace compared to other region followed by Europe. This growth is attributed by the easy acceptance of newer and advanced technology with high purchasing power in the developed countries


Enhanced customer experience and increasing disposable income is driving increasing acceptance for smart water bottle among the health conscious and fitness freak people.  Furthermore, advancement in sensor technology, advance product offering from supplierand rising GDP per capitaare also driving the smart water bottle market globally.


Some of the market leaders in the smart water bottle market are BluFit, HydraCoach and Caktus Inc.


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Tahini Market Analysis and Opportunity Assessment 2014 – 2020

Tahini has become a choice of ingredient for various food processing companies/ manufacturers owing to its diverse functionalities. The particular market has become even more important because of burgeoning demand for hummus/hommus and Baba ghanoush in which tahini is a major ingredient. It can be easily formulated in any food, ranging from dips/sauces to sweet spreads and halva.


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The Middle East and Mediterranean tahini market is estimated to value at US$ 783.9 Mn in 2014 and expected to reach 1,081.7 Mn by 2020, reflecting a CAGR of 5.7% during forecast period (2015-2020).


The market has been accessed by product type as paste & spreads, halva & other sweets, and sauces/dip. Sweet & savoury spread was the largest segment in 2014 by type accounting for more than half of the i.e., 51.9% market share.Representing a promising CAGR of 11.8% between 2015 and 2020, sauces & marinades is expected to be the fastest growing segment. The market is also segmented on the basis of distribution channel, wherein conventional retail stores represented 41.9% of tahini products sold in these countries.


Tahini Market in Middle East & Mediterranean


Geographically, the market is segmented into four regions namely Middle East excluding GCC (Turkey, Israel, and Lebanon), North Africa, GCC and Mediterranean Europe (France, Spain, Italy and Greece). Middle East excluding GCC and Mediterranean Europe together constituted more than 69% of the market share in 2014 which is expected to remain stable by 2020. The large market size of Middle East excluding GCC is attributed to robust export of tahini in the region. The domestic consumption is rising moderately, however, exports are largely responsible for the inflated market size. Major growth is expected to come from Mediterranean Europe and GCC. Mediterranean Europe is projected to increase 190 BPS between 2014 and 2020, while Middle East Excluding GCC is expected to lose 240 BPS.North Africa is the third largest market with 16.8%, whereas Egypt is the most potential growth market in North Africa.


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Major drivers fuelling the growth of this market are burgeoning demand for authentic Mediterranean and Arabic food, greater inclination towards seed based spreads, robust exports and upgraded technology to produce innovative products for the demanding customers. Due to strategic location Turkey, Greece and Israel have high export turnover. The U.S., Mexico, Brazil, China, India, GCC, Iraq, Russia and UK are preferred location for export where demand of Tahini is continuously rising. In addition, most of the mature markets of Euro Mediterranean countries are hit by Euro crisis and thus, people prefer to eat home cooked food, thus sale of spreads and dips is on rise in these regions.


Middle East & Mediterranean Tahini Market: Key Players


Key Middle East & Mediterranean players in the tahini market are El Rashidi El Mizan, Al-Wadi Al-Akhdar S.A.L, Halwani Bros. Co., Haitoglou Bros S.A. and Prince Tahina Ltd. Most of the major players are based in Middle East and they are adopting various go-to-market strategies to expand their market share in this growing tahini market.


The report also includes the end-user analysis of tahini market by surveying retailers, distributor and manufacturers who gave the real-time information about the market dynamics and product movement. This gives an in-depth understanding to the reader about the product and its current situation in domestic and international market. According to all the respondents, consumption of tahini through sweet/savoury spreads is highest as compared to sauces, dips & spreads, and bakery/confectionary.


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Bicycle Parking Racks Market foreseen to grow exponentially over 2028

XploreMR published a report on bicycle parking rack market for the forecast period of 2018 to 2028. This report is an analytical study on bicycle parking rack market carried out by XploreMR, which provides estimations and anticipations on the bicycle parking rack market at global, regional, and country level. This report presents growth facets of the bicycle parking rack market from both historical and futuristic slants and draws a comparison out of it. Moreover, this report on bicycle parking rack market also offers intelligence on dynamics of bicycle parking rack market, which is veritable to gauge potential of the industry. The market dynamics of bicycle parking rack market consists of imperative numbers that depict the growth clip of bicycle parking rack market. The presentations included in the report for bicycle parking rack market are of great use for stakeholders of bicycle parking rack market who are vying to strengthen their industry foothold.

Chapter 1- Executive Summary

This section starts with a quick and brisk summary of bicycle parking rack market coupled with a megatrends in bicycle parking rack market responsible for influencing the industry growth. The market white spaces of bicycle parking rack market briefs on an opportunity assessment indicating prime opportunities in bicycle parking rack market for manufacturers to exploit.

Chapter 2– Overview

This chapter, titled as overview of bicycle parking rack market, imparts a holistic introduction of bicycle parking rack market along with a formal definition of the product “bicycle parking rack”. Also, the scope of the report on bicycle parking rack market has been included in this chapter, which aids the readers to gauge the scope of bicycle parking rack market in a systematic manner.

Chapter 3- Bicycle Industry Outlook

This chapter focuses on the potential of bicycle market, which forms a foundation for framing anticipations for bicycle parking rack market. The prosperity of bicycle market is a directly proportional to growth of bicycle parking rack market. It also includes information about the bicycle fleet of every region, which is a preeminent factor responsible for determining growth of bicycle parking rack market in the respective region.

Chapter 4– Key Indicator Assessment

This chapter gives a sneak peak at the dynamics of bicycle parking rack market. The dynamics of bicycle parking rack market revolves around factors such as drivers, restraints, trends, and opportunities which are crucial for determining growth ambit of bicycle parking rack market. The investment feasibility matrix of bicycle parking rack market gives a clear understanding of areas which are remunerative enough for vendors to invest.

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Chapter 5- Price Point Analysis

This chapter embodies a price point analysis of bicycle parking rack market. The price point analysis of bicycle parking rack market has been done both ways, by region as well as by product type.

Chapter 6- Market Analysis and Forecast

This chapter draws insights on growth clip of bicycle parking rack market outlook for the forecast period of 2018 to 2028. A regional sales assessment of bicycle parking rack market has also been included to understand the sales scenario of every region. Also, market attractiveness of bicycle parking rack market has been analyzed in this chapter to highlight the areas with optimal potential.

Chapter 7– North America Bicycle Parking Rack Market Analysis

This chapter delves into market forecast and analysis of bicycle parking rack market in North America. This chapter also analyzes potential of bicycle parking rack market and prime opportunities to be leveraged on by key players of bicycle parking rack market.

Chapter 8– Latin America Bicycle Parking Rack Market Analysis

This chapter enunciates on key trends, current and future prospects of Latin America bicycle parking rack market. Country-wise intelligence on bicycle parking rack market of Latin America has also been included in detail coupled with impressive quantitative data related to the market segments and their growth clip in Latin America.

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