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Leisure Travel Market by Traveler Type, Sales Channel, By Age Group and By Expenditure Type: Global Opportunity Analysis and Industry Forecast, 2021-2027

  • ID: 5237521
  • Report
  • November 2020
  • Region: Global
  • 241 pages
  • Allied Analytics LLP
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
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • Spain
  • Italy
  • Austria
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Australia
  • Turkey
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Rest of LAMEA
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
  • Solo
  • Group
By Sales Channel
  • Conventional Channels
  • Online Channels
By Age Group
  • Baby Boomers
  • Generation X
  • Millennials
  • Generation Z
By Expenditure Type
  • Lodging
  • Transportation
  • Food and Beverages
  • Events & Entertainment
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • France
  • Italy
  • Germany
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • South Africa
Note: Product cover images may vary from those shown
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segment
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

Chapter 2: Executive Summary
2.1. Key Findings of the Study
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. CXO Perspective

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Porter's Five Forces Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Pursuit of Unique Experiences to Augment the Global Tourism Industry
3.3.1.2. Mobile Applications, Big Data Analytics, and Artificial Intelligence Evolving Together Amidst Proliferating Tourism Industry
3.3.1.3. Rise of Social Media Positively Impacting the Travel Industry
3.3.2. Restraints
3.3.2.1. Increase in Unrest Due to Terrorism and Domestic Issues in Countries
3.3.2.2. Confined Tourism Due to Natural Environmental Conditions
3.3.3. Opportunities
3.3.3.1. Unique Destinations Gaining High Traction Among Tourists
3.3.3.2. Eco Friendly Tourism-New Trend Among Millennial
3.4. Covid-19 Impact on Leisure Tourism Market
3.5. Global Business Travel Market Size
3.5.1. Overview

Chapter 4: Leisure Travel Market, by Traveler Type
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Solo
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast
4.2.3. Market Analysis by Country
4.3. Group
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast
4.3.3. Market Analysis by Country

Chapter 5: Leisure Travel Market, by Sales Channel
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Conventional Channels
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast
5.2.3. Market Analysis by Country
5.3. Online Channels
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast
5.3.3. Market Analysis by Country

Chapter 6: Leisure Travel Market, by Age Group
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Baby Boomers
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast
6.2.3. Market Analysis by Country
6.3. Generation X
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast
6.3.3. Market Analysis by Country
6.4. Millennials
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast
6.4.3. Market Analysis by Country
6.5. Generation Z
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast
6.5.3. Market Analysis by Country

Chapter 7: Leisure Travel Market, by Expenditure Type
7.1. Overview
7.1.1. Market Size and Forecast
7.2. Lodging
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast
7.2.3. Market Analysis by Country
7.3. Transportation
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast
7.3.3. Market Analysis by Country
7.4. Food & Beverages
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast
7.4.3. Market Analysis by Country
7.5. Events & Entertainment
7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast
7.5.3. Market Analysis by Country
7.6. Others
7.6.1. Key Market Trends, Growth Factors, and Opportunities
7.6.3. Market Size and Forecast
7.6.4. Market Analysis by Country

Chapter 8: Leisure Travel Market, by Region
8.1. Overview
8.1.1. Market Size and Forecast, by Region
8.2. North America
8.2.1. Key Market Trends, Growth Factors, and Opportunities
8.2.2. Market Size and Forecast by Traveler Type
8.2.3. Market Size and Forecast by Sales Channel
8.2.4. Market Size and Forecast by Age Group
8.2.5. Market Size and Forecast by Expenditure Type
8.2.6. Market Analysis by Country
8.2.6.1. U.S.
8.2.6.1.1. Market Size and Forecast by Traveler Type
8.2.6.1.2. Market Size and Forecast by Sales Channel
8.2.6.1.3. Market Size and Forecast by Age Group
8.2.6.1.4. Market Size and Forecast by Expenditure Type
8.2.6.2. Canada
8.2.6.2.1. Market Size and Forecast by Traveler Type
8.2.6.2.2. Market Size and Forecast by Sales Channel
8.2.6.2.3. Market Size and Forecast by Age Group
8.2.6.2.4. Market Size and Forecast by Expenditure Type
8.2.6.3. Mexico
8.2.6.3.1. Market Size and Forecast by Traveler Type
8.2.6.3.2. Market Size and Forecast by Sales Channel
8.2.6.3.3. Market Size and Forecast by Age Group
8.2.6.3.4. Market Size and Forecast by Expenditure Type
8.3. Europe
8.3.1. Key Market Trends, Growth Factors, and Opportunities
8.3.2. Market Size and Forecast by Traveler Type
8.3.3. Market Size and Forecast by Sales Channel
8.3.4. Market Size and Forecast by Age Group
8.3.5. Market Size and Forecast by Expenditure Type
8.3.6. Market Analysis by Country
8.3.6.1. UK
8.3.6.1.1. Market Size and Forecast by Traveler Type
8.3.6.1.2. Market Size and Forecast by Sales Channel
8.3.6.1.3. Market Size and Forecast by Age Group
8.3.6.1.4. Market Size and Forecast by Expenditure Type
8.3.6.2. France
8.3.6.2.1. Market Size and Forecast by Traveler Type
8.3.6.2.2. Market Size and Forecast by Sales Channel
8.3.6.2.3. Market Size and Forecast by Age Group
8.3.6.2.4. Market Size and Forecast by Expenditure Type
8.3.6.3. Italy
8.3.6.3.1. Market Size and Forecast by Traveler Type
8.3.6.3.2. Market Size and Forecast by Sales Channel
8.3.6.3.3. Market Size and Forecast by Age Group
8.3.6.3.4. Market Size and Forecast by Expenditure Type
8.3.6.4. Germany
8.3.6.4.1. Market Size and Forecast by Traveler Type
8.3.6.4.2. Market Size and Forecast by Sales Channel
8.3.6.4.3. Market Size and Forecast by Age Group
8.3.6.4.4. Market Size and Forecast by Expenditure Type
8.3.6.5. Russia
8.3.6.5.1. Market Size and Forecast by Traveler Type
8.3.6.5.2. Market Size and Forecast by Sales Channel
8.3.6.5.3. Market Size and Forecast by Age Group
8.3.6.5.4. Market Size and Forecast by Expenditure Type
8.3.6.6. Rest of Europe
8.3.6.6.1. Market Size and Forecast by Traveler Type
8.3.6.6.2. Market Size and Forecast by Sales Channel
8.3.6.6.3. Market Size and Forecast by Age Group
8.3.6.6.4. Market Size and Forecast by Expenditure Type
8.4. Asia-Pacific
8.4.1. Key Market Trends, Growth Factors, and Opportunities
8.4.2. Market Size and Forecast by Traveler Type
8.4.3. Market Size and Forecast by Sales Channel
8.4.4. Market Size and Forecast by Age Group
8.4.5. Market Size and Forecast by Expenditure Type
8.4.6. Market Analysis by Country
8.4.6.1. China
8.4.6.1.1. Market Size and Forecast by Traveler Type
8.4.6.1.2. Market Size and Forecast by Sales Channel
8.4.6.1.3. Market Size and Forecast by Age Group
8.4.6.1.4. Market Size and Forecast by Expenditure Type
8.4.6.2. India
8.4.6.2.1. Market Size and Forecast by Traveler Type
8.4.6.2.2. Market Size and Forecast by Sales Channel
8.4.6.2.3. Market Size and Forecast by Age Group
8.4.6.2.4. Market Size and Forecast by Expenditure Type
8.4.6.3. Japan
8.4.6.3.1. Market Size and Forecast by Traveler Type
8.4.6.3.2. Market Size and Forecast by Sales Channel
8.4.6.3.3. Market Size and Forecast by Age Group
8.4.6.3.4. Market Size and Forecast by Expenditure Type
8.4.6.4. South Korea
8.4.6.4.1. Market Size and Forecast by Traveler Type
8.4.6.4.2. Market Size and Forecast by Sales Channel
8.4.6.4.3. Market Size and Forecast by Age Group
8.4.6.4.4. Market Size and Forecast by Expenditure Type
8.4.6.5. Rest of Asia-Pacific
8.4.6.5.1. Market Size and Forecast by Traveler Type
8.4.6.5.2. Market Size and Forecast by Sales Channel
8.4.6.5.3. Market Size and Forecast by Age Group
8.4.6.5.4. Market Size and Forecast by Expenditure Type
8.5. LAMEA
8.5.1. Key Market Trends, Growth Factors, and Opportunities
8.5.2. Market Size and Forecast by Traveler Type
8.5.3. Market Size and Forecast by Sales Channel
8.5.4. Market Size and Forecast by Age Group
8.5.5. Market Size and Forecast by Expenditure Type
8.5.6. Market Analysis by Country
8.5.6.1. Latin America
8.5.6.1.1. Market Size and Forecast by Traveler Type
8.5.6.1.2. Market Size and Forecast by Sales Channel
8.5.6.1.3. Market Size and Forecast by Age Group
8.5.6.1.4. Market Size and Forecast by Expenditure Type
8.5.6.2. Middle East
8.5.6.2.1. Market Size and Forecast by Traveler Type
8.5.6.2.2. Market Size and Forecast by Sales Channel
8.5.6.2.3. Market Size and Forecast by Age Group
8.5.6.2.4. Market Size and Forecast by Expenditure Type
8.5.6.3. South Africa
8.5.6.3.1. Market Size and Forecast by Traveler Type
8.5.6.3.2. Market Size and Forecast by Sales Channel
8.5.6.3.3. Market Size and Forecast by Age Group
8.5.6.3.4. Market Size and Forecast by Expenditure Type

Chapter 9: Competitive Landscape

Chapter 10: Company Profiles
10.1. American Express Travel
10.1.1. Company Overview
10.1.2. Key Executive
10.1.3. Company Snapshot
10.1.4. Operating Business Segments
10.1.5. Product Portfolio
10.1.6. Business Performance
10.2. Carlson Wagonlit Travel
10.2.1. Company Overview
10.2.2. Key Executive
10.2.3. Company Snapshot
10.2.4. Product Portfolio
10.3. Cox & Kings Ltd.
10.3.1. Company Overview
10.3.2. Key Executive
10.3.3. Company Snapshot
10.3.4. Operating Business Segments
10.3.5. Product Portfolio
10.3.6. Business Performance
10.3.7. Key Strategic Moves and Developments
10.4. Expedia Group
10.4.1. Company Overview
10.4.2. Key Executive
10.4.3. Company Snapshot
10.4.4. Operating Business Segments
10.4.5. Product Portfolio
10.4.6. Business Performance
10.4.7. Key Strategic Moves and Developments
10.5. Jtb Usa, Inc.
10.5.1. Company Overview
10.5.2. Key Executive
10.5.3. Company Snapshot
10.5.4. Product Portfolio
10.6. Priceline(Booking Holdings Inc.)
10.6.1. Company Overview
10.6.2. Key Executive
10.6.3. Company Snapshot
10.6.4. Product Portfolio
10.6.5. Business Performance
10.6.6. Key Strategic Moves and Developments
10.7. Thomas Cook India Ltd.
10.7.1. Company Overview
10.7.2. Key Executive
10.7.3. Company Snapshot
10.7.4. Product Portfolio
10.7.5. Business Performance
10.7.6. Key Strategic Moves and Developments
10.8. Travel Leaders Group
10.8.1. Company Overview
10.8.2. Key Executive
10.8.3. Company Snapshot
10.8.4. Product Portfolio
10.9. Tui Group
10.9.1. Company Overview
10.9.2. Key Executive
10.9.3. Company Snapshot
10.9.4. Operating Business Segments
10.9.5. Product Portfolio
10.9.6. Business Performance
10.9.7. Key Strategic Moves and Developments
10.10. World Travel, Inc.
10.10.1. Company Overview
10.10.2. Key Executive
10.10.3. Company Snapshot
10.10.4. Product Portfolio
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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