In a recent published report, Kenneth Research has updated the market report for Vacation Ownership (Timeshare) Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Vacation Ownership (Timeshare) Market products.
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A report on Vacation Ownership (Timeshare) Market has recently been added into the repository of market research reports of Kenneth Research. The report, which is calculated for the forecast period 2021 2025, provides an in-depth analysis on the opportunities, latest trends, challenges and the growth drivers that are associated with the growth of the market. The market is thriving on account of the growing need for chemicals that are less toxic, backed by the stringent government regulations to regulate chemical pollution. It is estimated that more than 3 million tons of toxic chemicals have been released by industries till date in the year 2021. On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide.
The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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According to Azoth Analytics research report, “Global Vacation Ownership (Timeshare) Market: Analysis By Type (Travel Clubs, Fractional), By End Users (Private, Group), By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023) – By Region (North America, Central & South America, Caribbean, EMEA, Asia-Pacific), By Country (U.S., Canada, Mexico, Aruba, Jamaica, United Kingdom, Germany, Dubai, China, India, Australia)”, global Vacation Ownership (Timeshare) market is projected to display a robust growth represented by a CAGR of 7.05% during 2018 – 2023.
Point based vacation Ownership market segment is expected to witness growth at a noteworthy rate in the forecast period on account of increasing adoption of vacation Ownership (Timeshare) due to the rising traction among millennial population coupled with flexibility in decision making, availability of enhanced benefits such as access to VIP weekends, selection of club locations, luxury accommodations etc. is anticipated to propel thrust in the sales of Vacation Ownership (Timeshare)s in the future. The demand of shared vacation ownership (timeshare) among private users is anticipated to witness propelling growth in the forecast period due to gamut of factors such as increasing importance placed on family togetherness coupled with rising family tourism.
During 2018-23, Vacation Ownership (Timeshare) Market is anticipated to grow at an increased rate due to the evolving consumer vacation preferences, up surge in the international tourism arrivals, growing high net worth population increasing consolidation of market players across the globe. Amongst the regions, North America accounts for the largest regional share in the global Vacation Ownership (Timeshare) market in 2018. Key factors driving the robust growth rate of North America region include increasing trend of social sharing backed with escalating leisure travel of consumers in recent years and rise in the health and wellness travel across the region are some of the significant factors driving the demand for Vacation Ownership (Timeshare) in the market.
The report titled “Global Vacation Ownership (Timeshare) Market: Analysis By Type (Travel Clubs, Fractional), By End Users (Private, Group), By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023) – By Region (North America, Central & South America, Caribbean, EMEA, Asia-Pacific), By Country (U.S., Canada, Mexico, Aruba, Jamaica, United Kingdom, Germany, Dubai, China, India, Australia” has covered and analysed the potential of Global Vacation Ownership (Timeshare) market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges, opportunities and competitive analysis in the global Vacation Ownership (Timeshare) market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Market (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Vacation Ownership (Timeshare) Market – Size, Growth, Forecast
• Analysis By Product Type – Point based Ownership, Week based Ownership
• By End Users – Private, Group
Regional Markets – North America, Central and South America, Caribbean, EMEA, Asia-Pacific (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Vacation Ownership (Timeshare) Market – Size, Growth, Forecast
• Analysis By Product Type – Point based Ownership, Week based Ownership
• By End Users – Private, Group
Country Analysis – U.S., Canada, Mexico, Aruba, Jamaica, United Kingdom, Germany, Dubai, China, India and Australia (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Vacation Ownership (Timeshare) Market – Size, Growth, Forecast
• Analysis By Product Type – Point based Ownership, Week based Ownership
• By End Users – Private, Group
Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• Porter Five Force Analysis
• SWOT Analysis
• Competitive Analysis
• Policies and Regulations
• Competitive Landscape
• Company Analysis – Wyndham Destination, Marriott Vacation Worldwide, Hilton Grand Vacations, Diamond Resorts, Disney Vacation Club Management Corporation, Bluegreen Vacations, Interval International and Westgate Resorts
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Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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