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Agriculture Market Analysis High Input Costs Due To Inflation To Have A Positive Impact On The Market, By The Global Market Model

The Global Market Model provides global agriculture industry overview which includes key agriculture industry statistics, agriculture industry trends, SWOT analysis of agriculture industry, agriculture market drivers, and more across 60 geographies for the seven key regions.

As per the Global Market Model's, latest forecast for the agriculture market the expected forecast growth (CAGR) for the market will remain unchanged over the next ten years. The high input costs on feeds and fertilizers due to inflation, which resulted in higher end-product prices in the short term, were already factored in during our previous forecast update. As a result, our forecasts for this market remained unchanged during this update cycle.

What was the agriculture market size in 2022?

The global agriculture market was valued at $12373.8 billion in 2022. The market accounted for 12.2% of the global GDP. The crop production market was the largest segment of the agriculture market, accounting for 43.1% of the total in 2022. China was the leading market in the agriculture market, accounting for 26.6% of the total in 2022.

What will the agriculture market growth rate be in the forecast period?

The market is expected to grow at a compound annual growth rate (CAGR) of 9.1% during 2022 to 2032. The following factors will drive the market growth in the forecast period:

• Increasing use of biomass
• Increase in veganism
• Rising demand for natural sweeteners

The market intelligence database also offers insights on the following key industry indicators for the agriculture industry -

• Arable land
• Livestock population
• Poultry population
• Area cultivated for grains
• Area cultivated for oil seeds
• Area cultivated for vegetables
• Area cultivated for fruits
• Number of enterprises
• Number of employees

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The Global Market Model, The Business Research Company's flagship product, is the world's largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

High Raw Material Prices To Drive Growth In The Chemical Industry, By The Global Market Model

The Global Market Model provides global chemicals industry outlook covering key areas such as chemicals industry market size, chemicals industry trends and drivers, chemical industry challenges, chemicals market drivers, and more across 60 geographies for the seven key regions.

The Global Market Model's, in its latest forecast for the chemicals market, has expected stable forecast growth rate or the compound annual growth rate (CAGR) over the next ten years. Factors such as inflation, economic headwinds, the impact of the Russia-Ukraine war, and increased raw material prices due to supply chain disruptions, which eventually led to increased prices of the end products, were already considered during our previous forecast update. Hence, our forecasts for this market are similar during this update cycle.

Key highlights from the Global Market Model's forecast for the chemical industry are -

• The global chemicals market was valued at $4726.1 billion in 2022, accounting for 4.6% of the global GDP
• The market is expected to grow at a compound annual growth rate (CAGR) of 8.8% during 2022 to 2032
• The ethyl alcohol and other basic organic chemical market was the largest segment of the chemicals market in 2022, accounting for 25.4% of the total
• China was the leading market in the chemicals market in 2022, accounting for 22.8% of the total
• The increase in demand from various applications, such as packaging and the automobile industry, is expected to drive the market during the forecast period

Global Market Model provides insights on the following key industry indicators for the chemicals industry -

• Number of enterprises
• Number of employees

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The Global Market Model, The Business Research Company's flagship product, is the world's largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

The Construction Industry Report - Market Size and Forecast, By The Global Market Model

The Global Market Model construction market research provides the construction market analysis of key parameters such as construction market size, construction market growth drivers, construction market share, construction market trends, and more across 60 geographies for the seven key regions.

What is the construction industry market?

Get in-depth analysis about the construction market with The Global Market Model (GMM), the world's largest database of integrated market information. GMM provides forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors, for 27 industries across 60+ geographies.

What is the market size of construction sector?

Per the Global Market Model's latest forecast from December 2022, revising the previous forecasts made in September 2022, the global construction market was valued at $14393.6 billion in 2022, accounting for 14.2% of the global GDP. The market is expected to grow at a compound annual growth rate (CAGR) of 6.1% during 2022 to 2032 attributing to the following factors -

• Increase in infrastructure development expenditure by governments
• Green construction
• Rise in industrialization

Global Market Model, in its latest forecast for the construction market, has kept the expected forecast growth (CAGR) over the next ten years unchanged. The low housing prices due to high interest rates and fewer mortgages in circulation, were already taken into account during our previous forecasts update. Hence, our forecasts for this market remained same during this update cycle. The demand for construction activities is likely to get impacted due to recession pressure.

What is the largest region in the global construction industry?

The USA was the leading market in the construction industry, accounting for 21.6% of the total in 2022.

Gain exclusive insights with The Global Market Model, on the key industry metrics of the construction industry such as -

• Number of households
• Construction spending
• Number of new households
• Number of enterprises
• Number of employees

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Electrical And Electronics Market Overview - Key Factors Propelling Growth And Segments Companies Must Invest In, By The Global Market Model

The Global Market Model provides insights on the global electrical and electronics industry which includes key electrical and electronics industry statistics, electrical and electronics industry trends, SWOT analysis of electrical and electronics industry, electrical and electronics market drivers, and more across 60 geographies for the seven key regions.

How much is the electronics industry worth?

The global electrical and electronics market was valued at $3501 billion in 2022. The market accounted for 3.4% of the global GDP. In terms of per capita consumption, the market accounted for $448.7.

What will the electrical electronics industry growth rate be in the forecast period?

The market is expected to grow at a compound annual growth rate (CAGR) of 6.8% during 2022 to 2032. Technology advancements such as the internet of things (IoT) technology, virtual reality technology, advance sensor technologies, and communication technologies such as 5G are expected to drive the market during the forecast period.

What are the segments and region electronics industry companies should invest?

The electrical equipment market was the largest segment of the electrical and electronics market, accounting for 43.2% of the total in 2022. China was the leading market in the electrical and electronics market, accounting for 24% of the total in 2022. Companies should focus on electrical equipment segment and China region for maximum monetization.

How will electrical and electronics grow in the coming years?

The Global Market Model, in its latest forecast for the electrical and electronics market, has expected stable forecast growth (CAGR) over the next ten years. The factors economic headwinds, impact of Russia-Ukraine war, and squeezed consumer spending due to inflation and recession pressure, were already taken into account during our previous forecast update. Hence, our forecasts for this market are fairly similar during this update cycle.

The Global Market Model also offers insights on the following key industry indicators for the electrical and electronics industry -

• Number of enterprises
• Number of employees

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The Global Market Model, The Business Research Company's flagship product, is the world's largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

Financial Services Industry Overview – Growth To Be Powered By High Interest Rates, Banking And Interchange Fees, By The Global Market Model

The Global Market Model is the world’s largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

How big is the financial services market?

Per Global Market Model’s latest forecast made in December 2022, the global financial services market was valued at $26060 billion in 2022, accounting for 25.6% of the global GDP. The lending and payments market was the largest segment of the financial services market, accounting for 33.8% of the total in 2022.The USA was the leading market in the financial services market, accounting for 24.2% of the total in 2022.

Global Market Model, in its latest forecast for the financial services forecast market, has expected stable forecast growth (CAGR) over the next ten years. The factors such as inflation which led to increased interest rates, increase in banking and interchange fees and declining investment banking revenues dearth in IPOs, were already taken into account during our previous forecast update. Hence, our forecasts for this market are fairly similar during this update cycle.

What is driving the financial services market growth?

The financial services market is expected to grow at a compound annual growth rate (CAGR) of 8.4% during 2022 to 2032. The factors such as increasing wealth of high-net-worth individuals, rising demand for alternative investments, increasing use of blockchain to reduce fraudulent transactions and more are expected to drive the market during the forecast period.

What are the key indicators of financial services market covered in the Global market model?

• Number of enterprises
• Number of employees

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Global Food And Beverage Industry Statistics, By The Global Market Model

The Global Market Model's food and beverage market research provides the food and beverage industry analysis on food & beverage market size, food and beverage market growth drivers and market trends, food and beverage market segments and more across 60 geographies for the seven key regions.

What is the market size for food and beverages?

Per the Global Market Model's analysis, the global food and beverages market was valued at $6724.5 billion in 2022, accounting for 6.6% of the global GDP. The meat, poultry and seafood market was the largest segment of the food and beverages market, accounting for 22.3% of the total in 2022. China was the leading market in the food and beverages market, accounting for 19.2% of the total in 2022.

The market is expected to grow at a compound annual growth rate (CAGR) of 6.4% during 2022 to 2032. This growth can be attributed to:

• Increase in demand for individual quick freezing
• Increase in organic food consumption
• Demand for convenience foods
• Use of advanced cigarette filter technologies

Food and beverage industry growth rate analysis

Per Global Market Model's latest forecast for the food and beverages market, the expected forecast growth or the compound annual growth rate (CAGR) over the next ten years is kept unchanged as Russia-Ukraine conflict's impact on supply chain disruptions for wheat, sunflower seed, barley, and maize due to and short-term increased prices of consumer goods due to high inflation were already taken into account during previous forecast update.

The Global Market Model also offers insights on the following key industry indicators for the food and beverages industry -

• Number of enterprises
• Number of employees
• Livestock primary meat

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The Global Market Model, The Business Research Company's flagship product, is the world's largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

Healthcare Services Market Overview – Increased Medical Care Prices Due to Inflation Will Drive Growth, By The Global Market Model

The Global Market Model provides insights on the global healthcare services industry which includes key healthcare industry sectors, healthcare industry companies, healthcare services industry value, healthcare services industry trend, healthcare services market drivers, and more across 60 geographies for the seven key regions.

The Global Market Model's, in its latest forecast for the healthcare services market, has expected stable forecast growth (CAGR) over the next ten years. The factors such as economic headwinds and inflation that led to increased medical care service prices due to increasing operations, supplies, administration, and labor costs were already taken into account during our previous forecast update. Hence, our forecasts for this market are fairly similar during this update cycle.

Key healthcare industry statistics

• Healthcare industry worth - the global healthcare services market was valued at $7686.4 billion in 2022
• Healthcare industry growth rate - the market is expected to grow at a compound annual growth rate (CAGR) of 5.5% during 2022 to 2032
• Healthcare services industry consumption - the market accounted for 7.6% of the global GDP
• In terms of per capita consumption, the market accounted for $985.2

Major drivers propelling growth

• Technology advancements in diagnostics and therapeutic equipment
• Improvement in survival rates and quality of life

Top segment and region

The hospitals and outpatient care centers market was the largest segment of the healthcare services market, accounting for 53.6% of the total in 2022. USA was the leading market in the healthcare services market, accounting for 38.1% of the total in 2022.

The Global Market Model also offers insights on the following key industry indicators the healthcare services industry -

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• Europe: +44 207 1930 708
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The Global Market Model, The Business Research Company's flagship product, is the world's largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

Less Discretionary Income To Restrain The Market Growth, Hospitality Industry Insights, By The Global Market Model

The Global Market Model's hospitality market research provides hospitality market analysis including key parameters such as hospitality market size, hospitality market growth drivers, hospitality market trends, hospitality market segments and more across 60 geographies for the key seven regions.

How big is the hospitality market?

Per the Global Market Model's latest forecast, the global hospitality industry was valued at $4350.6 billion in 2022, accounting for 4.3% of the global GDP and worth $557.6 in terms of per capita consumption.

The hospitality industry is expected to grow at a compound annual growth rate (CAGR) of 5.6% during 2022 to 2032. Driven by the following factors -

• Rise in the trend of solo traveling
• Liberalization of visa regulations in many countries
• Rise in demand for convenience foods
• Rise in global mobility for work, and more.

The food and beverage services market was the largest segment of the hospitality market, accounting for 80.8% of the total in 2022. The USA was the leading market in the hospitality market, accounting for 23.8% of the total in 2022.

The Global Market Model, the world’s most comprehensive database of integrated market information, is the world’s largest database of market forecasts. GMM provides insights on the key industry indicators of the hospitality industry such as -

Global Market Model in its latest forecast for the hospitality market, has kept the expected forecast growth (CAGR) over the next ten years unchanged. The consumers spend on hospitality services reduced due to less discretionary income and cost-of-living crisis, were already taken into account during our previous forecast update. Hence, our forecasts for this market remained same during this update cycle.

The world's most comprehensive database

• Contact us now! Global Market Model
• Europe: +44 207 1930 708
• Asia: +91 88972 63534
• America: +1 315 623 0293

The Global Market Model, The Business Research Company's flagship product, is the world's largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

Information Technology Industry Analysis - Expected Market Growth Rate More Than 8% During The Forecast Period 2022-2032, By The Global Market Model

The Global Market Model provides a global information technology industry overview that includes key insights on information technology industry trends, SWOT analysis of the information technology industry, the impact of the COVID-19 pandemic on the information technology industry, information technology market drivers, and more across 60 geographies for the seven key regions.

The Global Market Model, in its latest forecast for the chemicals market, has expected stable forecast growth rate or the compound annual growth rate (CAGR) over the next ten years. Factors such as inflation, economic headwinds, the impact of the Russia-Ukraine war, and increased raw material prices due to supply chain disruptions, which eventually led to increased prices of the end products, were already considered during our previous forecast update. Hence, our forecasts for this market are similar during this update cycle.

• The global information technology market size is expected to grow at a compound annual growth rate (CAGR) of 8.4% during 2022–2032
• The global information technology market was valued at $7989.7 billion in 2022
• The IT industry accounted for 7.9% of the global GDP
• The IT services market was the largest segment of the information technology market, accounting for 40.5% of the total in 2022
• The USA was the leading market in the information technology market, accounting for 27.8% of the total in 2022

What is driving the information technology industry growth in the forecast period?

The growth of the information technology market in the forecast period can be attributed to IoT technology adoption, rising penetration of e-commerce, increasing investments in the creation of smart cities, an expected rise in the use of technologies such as AI (artificial intelligence), AR/VR (augmented and virtual reality), blockchain across industries, an expected rise in spending on data security solutions, plus the emergence of 5G and its impact on rapid technology advancements.

Where is the information technology market headed over the next coming years?

The Global Market Model, in its latest forecast for the information technology market, has kept the expected forecast growth (CAGR) over the next ten years unchanged. The companies' spending on IT products and services reduced drastically due to budget constraints, high technology costs, and slower demand for IT services post-pandemic, which were already taken into account during our previous forecast update. Hence, our forecasts for this market remained the same during this update cycle. Thousands of workers have been laid off by tech companies in recent months. It is estimated that over 120,000 people were laid off at some of the biggest technology companies, including Meta, Amazon, Netflix, and Google.

Global Market Model provides insights on the following key industry indicators for the information technology industry -

• Number of internet users
• Number of households with computers
• Number of smartphone users
• Number of households with broadband access
• Number of enterprises
• Number of employees

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Machinery Industry Outlook - Machinery Market To Be Driven By Increased Raw Material Prices Due To Supply Chain Disruptions, By The Global Market Model

The Global Market Model is the world’s largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

Per Global Market Model’s latest forecast made in December 2022, stable forecast growth is expected for the machinery market over the next ten years. The market is expected to grow from $3542.5 billion in 2022 at a compound annual growth rate (CAGR) of 7.1% during 2022 to 2032.

The factors such as inflation, economic headwinds, impact of Russia-Ukraine war and increased raw material prices due to supply chain disruptions, which eventually led to increased prices of machinery, were already taken into account during our previous forecast update. Hence, our forecasts for this market are fairly similar during this update cycle.

Some other key highlights from the Global Market Model’s forecast for the machinery industry are -

• The machinery market accounted for 3.5% of the global GDP
• The largest segment of the machinery market - agriculture, construction, and mining machinery market, accounted for 21.1% of the total in 2022
• Key drivers of the machinery market include technological advances, digitization of machines, favorable government policies and growth from end user markets

For the machinery industry, The Global Market Model, your one-time solution for all your market research needs, provides insights on the key industry indicators including -

• Number of enterprises
• Number of employees

Which country is famous for machinery in the global machinery industry?

China was the leading market in the machinery market, accounting for 22.3% of the total in 2022.

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Overview Of The Media Industry – A Boost In Growth Forecasted By Increase In Penetration Of Internet Usage, By The Global Market Model

The Global Market Model provides media industry overview including key parameters such as media market definition, media market share, media market drivers, media industry trends, and more across 60 geographies for the seven key regions.

Per research, the global media market was valued at $2214.4 billion in 2022. The market accounted for 2.2% of the global GDP. The web content, search portals and social media market was the largest segment of the media market, accounting for 29.2% of the total in 2022. The USA was the leading market in the media market, accounting for 31% of the total in 2022.

The Global Market Model, the world’s most comprehensive database of integrated market information, by The Business Research Company, is the world’s largest database of market forecasts.

The Global Market Model, in its latest forecast for the media market, has kept the expected forecast growth, compound annual growth rate (CAGR) over the next ten years unchanged. The media market size is expected to grow at a CAGR of 8.8% during 2022 to 2032. The companies spend on media services reduced due to budget constraints. The consumers spend on these services reduced due to less discretionary income and cost-of-living crisis, were already taken into account during our previous forecast update. Hence, our forecasts for the global media industry are parallel to the media market share 2022 – 2023.

Per media industry forecast report, some of the factors driving the global media market are -

• High forecast growth rates in web content, search portals and social media market
• Increase in the use of internet-accessible devices
• Increase in network speeds, and others.

Global Market Model provides insights on the following key industry indicators for the media industry-

• Number of enterprises
• Number of employees

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Medical Equipment Industry Overview – Insights On Market Size, Growth Rates, Major Drivers And Top Opportunities, By The Global Market Model

The Global Market Model provides pertinent data on the global medical equipment industry, covering key opportunities in the medical device industry, medical equipment industry segments, medical device industry growth rate, medical equipment industry trends, medical equipment industry leaders, medical equipment market drivers, and more across 60 geographies for the seven key regions.

The latest forecast for the medical equipment industry made in December 2022, by the Global Market Model provides the following key insights on the industry:

How much is the medical equipment industry revenue, and what are its key drivers?

The global medical equipment market was valued at $647.4 billion in 2022. The market accounted for 0.6% of the global GDP. The market is expected to grow at a compound annual growth rate (CAGR) of 8.1% during 2022 to 2032. Technological advancements such as 3D printing, robotics and minimally invasive surgery technologies parts are expected to drive the market during the forecast period.

Largest medical equipment growth segments and region

The in-vitro diagnostics market was the largest segment of the medical equipment market, accounting for 14.8% of the total in 2022. The USA was the leading market in the medical equipment market, accounting for 29% of the total in 2022.

Medical equipment and supplies industry analysis and forecast for 2022-2032

The Global Market Model, in its latest forecast for the medical equipment market, has expected stable forecast growth (CAGR) over the next ten years. The factors such as inflation, economic headwinds, the impact of the Russia-Ukraine war, and shortages of raw materials such as electronic components, metals, and plastics due to supply chain disruptions, which eventually led to increased prices of medical equipment, were already taken into account during our previous forecast update. Hence, our forecasts for this market are fairly similar during this update cycle.

The Global Market Model also offers insights on the following key industry indicators for the medical equipment industry -

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The Global Market Model, The Business Research Company's flagship product, is the world's largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

Metal And Mineral Industry Outlook - Information On Market Size And Growth Rates, Key Trends, And The Main Driving Factors, By The Global Market Model

The Global Market Model provides in-depth information on the global metal and mineral industry covering metal and mineral industry segments, metal and mineral industry growth rate, metal and mineral industry trends, metal and mineral industry leaders, metal and mineral market drivers, and more across 60 geographies for the seven key regions.

The Global Market Model is the world's largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geopolitical, and sector-specific factors.

The current forecast for the metal and mineral industry made in December 2022 provides the following key insights on the industry -

How much is the metal and mineral industry value, and what are its key drivers?

The global metal and mineral market was valued at $7418.9 billion in 2022. The market accounted for 7.3% of the global GDP. The market is expected to grow at a compound annual growth rate (CAGR) of 5.2% during 2022 to 2032. The factors such as increase in the use of aluminum as a lightweight and cheaper substitute, and high demand for copper from end-user industries are expected to drive the market during the forecast period.

Top metal and mineral segments and region

The metal market was the largest segment of the metal and mineral market, accounting for 52.4% of the total in 2022. China was the leading market in the metal and mineral market, accounting for 27.7% of the total in 2022.

Metals and mining industry analysis and forecast for 2022-2032

Global Market Model, in its latest forecast for the metal and mineral market, has decreased the expected forecast growth (CAGR) over the next ten years by 1.7%. The average price of metals has come down significantly, which is expected to restraint the market during this period. The prices of commodities had a huge spike until September, but then eventually normalized. The decrease in demand for metal and minerals from end-user industries such as construction had a negative impact on the market.

The Global Market Model also offers insights on the following key industry indicators for the metal and mineral industry -

• Number of enterprises
• Number of employees

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Mining Market Industry Analysis and Growth Trajectory, By The Global Market Model

The Global Market Model provides the mining industry overview including key parameters such as mining market definition, global mining market size, mining market growth drivers, mining industry trends, and more across 60 geographies for the seven key regions.

How is the mining industry growing?

The global mining market was valued at $2008.9 billion in 2022. The market is then expected to grow at a compound annual growth rate (CAGR) of 5.8% during 2022 to 2032. Following factors are expected to drive the global media market growth -

• Rise in infrastructure development
• Increase in the implementation of autonomous equipment
• Increase in construction projects

Per Global Market Model’s latest forecast for the mining market, the expected forecast growth (CAGR) over the next ten years has been reduced by 1.3%. The decline in metal, and non-metal prices and the decrease in crude oil prices are expected to restraint the market during this period.

The Global Market Model, the world’s most comprehensive database of integrated market information, by The Business Research Company, is the world’s largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

The Global Market Model also offers insights on the following key industry indicators for the mining industry-

• Number of enterprises
• Number of employees

Stay ahead of your competitors with Global Market Model’s latest and accurate forecast! Contact us now:

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Oil And Gas Industry Outlook 2023 - Decrease In Crude Oil And Natural Gas Prices To Stabilize The Market Growth, By The Global Market Model

The Global Market Model provides global oil and gas industry overview which includes key insights on oil and gas industry market size, oil and gas industry trends, oil and gas industry market share, oil and gas industry segments, oil and gas industry challenges, oil and gas market drivers, and more across 60 geographies for the seven key regions.

The Global Market Model, in its latest forecast update for the oil and gas market, has kept the expected forecast growth (CAGR) over the next ten years unchanged. The spike in oil and gas prices due to the Russia-Ukraine conflict, supply chain disruptions, and prices of crude oil and natural gases stabilizing in the long term were already taken into account during our previous forecast update. Hence, our forecasts for this market remained the same during this update cycle.

Key insights covered in the Global Market Model’s oil and gas industry overview include –

• Oil and gas industry worth - the global oil and gas market was valued at $6747 billion in 2022, accounting for 6.6% of the global GDP
• Oil and gas industry growth rate - the market is expected to grow at a compound annual growth rate (CAGR) of 4.9% during 2022 to 2032
• Drivers propelling the oil and gas industry market size - the factors such as rapid pace of innovation in the oil and gas exploration, drilling and refining technologies and advanced technologies to extract oil and gas from depleted reserves is expected to drive the market during the forecast period
• Top oil and gas industry segments and region - the oil & gas upstream activities market was the largest segment of the oil and gas market, accounting for 58.9% of the total in 2022 and the USA was the leading market in the oil and gas market, accounting for 15.9% of the total in 2022

The Global Market Model also offers insights on the following key industry indicators for the oil and gas industry -

• Oil reserves
• Gas reserves
• Active rigs
• Oil refinery throughput
• Oil refinery capacity
• Number of enterprises
• Number of employees

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• Europe: +44 207 1930 708
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The Global Market Model, The Business Research Company's flagship product, is the world's largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

Paper, Plastics, Rubber, Wood, and Textile Market Analysis: Price Inflation Due to Supply Chain Disruptions Will Drive the Market, By The Global Market Model

The Global Market Model is the world’s largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

The Global Market Model, in its latest forecast for the paper, plastics, rubber, wood, and textile markets, has expected stable forecast growth (CAGR) over the next ten years. Factors such as inflation, economic headwinds, the impact of the Russia-Ukraine war, and increased raw material prices due to supply chain disruptions, which eventually led to increased prices of the end products, were already taken into account during our previous forecast update. Hence, our forecasts for this market are fairly similar during this update cycle.

The following are key takeaways from the Global Market Model's forecast for the paper, plastics, rubber, wood, and textile industry -

• The market is expected to grow at a compound annual growth rate (CAGR) of 7% during 2022 to 2032
• The factors such as rapid growth in ecommerce, increasing retail penetration in developing economies, technological advances and government initiatives are expected to drive the market during the forecast period
• The market accounted for 6.5% of the global GDP
• The plastics and rubber products market was the largest segment of the paper, plastics, rubber, wood and textile market, accounting for 20.5% of the total in 2022
• The USA was the leading market in the paper, plastics, rubber, wood and textile market, accounting for 19% of the total in 2022

The Global Market Model also offers insights on the following key industry indicators for the paper, plastics, rubber, wood and textile industry -

• Number of enterprises
• Number of employees

The Global Market Model provides global paper, plastics, rubber, wood and textile industry outlook covering key areas such as paper, plastics, rubber, wood and textile industry size, paper, plastics, rubber, wood and textile industry growth rate, paper, plastics, rubber, wood and textile industry trends and drivers, paper, plastics, rubber, wood and textile industry challenges, and more across 60 geographies for the seven key regions.

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Pharmaceuticals Market Industry Overview - Growth To Be Powered By Increased Prices of Active Pharmaceutical Ingredients (API), By The Global Market Model

The Global Market Model provides pharmaceutical industry analysis with the economic analysis of pharmaceutical industry including key parameters such as pharmaceuticals market trends, pharmaceuticals market drivers, and more across 60 geographies for the seven key regions.

The Global Market Model, the world's most comprehensive database of integrated market information, by The Business Research Company, in its latest forecast for the pharmaceuticals market, has expected a stable forecast growth (a stable compound annual growth rate (CAGR)) for over the next ten years. The factors such as inflation, economic headwinds, impact of Russia-Ukraine war, and shortage of active pharmaceutical ingredients (API) due to the supply chain disruptions were already considered during our previous forecast update. Hence, our forecasts for the global pharmaceuticals industry are parallel to the pharmaceutical industry trends 2022 - 2023.

What is the pharmaceutical industry size and forecast?

The pharmaceuticals market is expected to grow at a compound annual growth rate (CAGR) of 6.6% during 2022 to 2032. The growth in the forecast period can be attributed to new emerging drug delivery methods such as microneedle patches, microchip technologies and adoptions of new technologies such as stem cells and organ chip technologies.

How much does the pharmaceutical industry make a year?

The global pharmaceuticals market was valued at $1609 billion in 2022. The market accounted for 1.6% of the global GDP. In terms of per capita consumption, the market accounted for $206.2. The anti-infective drugs market was the largest segment of the pharmaceuticals market, accounting for 15.5% of the total in 2022. USA was the leading market in the pharmaceuticals market, accounting for 42.8% of the total in 2022.

Gain exclusive insights with The Global Market Model, on the key industry metrics of the pharmaceuticals industry such as -

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Professional Services Industry Overview – Anticipated Market Size And Growth Rate, Major Drivers, Leading Segments And Geographies, By The Global Market Model

The Global Market Model is the world’s largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

The Global Market Model, in its latest forecast for the professional services forecast market, has kept the expected forecast growth (CAGR) over the next ten years unchanged. The companies' spending on professional services reduced drastically due to budget constraints and slower demand for professional services post-pandemic, which were already taken into account during our previous forecast update. Hence, our forecasts for this market remained the same during this update cycle.

Key highlights from the Global Market Model’s forecast for the professional services industry are -

• The global professional services market was valued at $5890.1 billion in 2022
• The market accounted for 5.8% of the global GDP
• The market is expected to grow at a compound annual growth rate (CAGR) of 5.6% during 2022 to 2032
• The factors such as increasing investments in smart cities, regulatory reforms and financial reporting standards transition are expected to drive the market during the forecast period
• The design, research, promotional and consulting services market was the largest segment of the professional services market, accounting for 73.6% of the total in 2022
• The USA was the leading market in the professional services market, accounting for 33.3% of the total in 2022

The Global Market Model also offers insights on the following key industry indicators for the professional services industry -

• Number of enterprises
• Number of employees

The Global Market Model covers information on what factors are transforming the professional services industry, including key areas such as professional services market growth rate and market size, professional services industry trends and drivers, professional services industry challenges, and more across 60 geographies for the seven regions.

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The Recreation Industry Is Expected To Grow At 7% Annual Growth Rate Through 2022-2032 Growth To Be Powered By High Interest Rates, Banking And Interchange Fees, By The Global Market Model

The Global Market Model provides global recreation services market analysis that gives an understanding of recreation market size, recreation market growth drivers, recreation market restraints, key trends in the leisure and recreation industry, and more across 60 geographies for the seven key regions.

Key highlights as per the Global Market Model’s latest forecast made in December 2022 for the recreation industry are -

• The global recreation market was valued at $1358.6 billion in 2022, accounting for 1.3% of the global GDP
• The recreation market is expected to grow at a compound annual growth rate (CAGR) of 6.9% during 2022 to 2032
• In terms of per capita consumption, the recreation market accounted for $174.1
• The amusements market was the largest segment of the recreation market, accounting for 34.4% of the total in 2022
• The USA was the leading market in the recreation market, accounting for 28.7% of the total in 2022
• Key drivers of the recreation market include increasing wealth of high-net-worth individuals, rising demand for alternative investments, increasing use of blockchain to reduce fraudulent transactions and increase in home ownership and mortgages

Key indicators of the recreation market covered in the Global Market Model's recreation industry coverage are -

• Number of enterprises
• Number of employees

Recreation Industry Forecast - Less Discretionary Income To Restrain The Market Growth

Global Market Model, in its latest forecast for the financial services forecast market, has expected stable forecast growth (CAGR) over the next ten years. The factors such as inflation which led to increased interest rates, increase in banking and interchange fees and declining investment banking revenues dearth in IPOs, were already taken into account during our previous forecast update. Hence, our forecasts for this market are fairly similar during this update cycle.

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The Global Market Model, the world's most comprehensive database of integrated market information, is the world’s largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors.

High Consumer Prices Will Drive Retail And Wholesale Industry Growth In The Forecast Period Of 2022–2032, By The Global Market Model

The Global Market Model is the world’s largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

The Global Market Model, in its latest forecast for the retail and wholesale forecast markets, has expected stable forecast growth (CAGR) over the next ten years. Factors such as inflation, economic headwinds, the impact of the Russia-Ukraine war, and supply chain disruptions, which eventually led to increased consumer prices, were already taken into account during our previous forecast update. Hence, our forecasts for this market are fairly similar during this update cycle.

Wholesale and retail industry statistics

The global retail and wholesale market was valued at$72762.1 billion in 2022. The market accounted for 71.6% of the global GDP.

Wholesale and retail industry growth rate

The market is expected to grow at a compound annual growth rate (CAGR) of 7.2% during 2022 to 2032. The technology advancements such as self-checkout technology beacons, robotics, automation, and augmented reality are expected to drive the market during the forecast period.

Top segments and region retail and wholesale companies should focus

The wholesale market was the largest segment of the retail and wholesale market, accounting for 63.6% of the total in 2022. USA was the leading market in the retail and wholesale market, accounting for 23.2% of the total in 2022.

The Global Market Model provides insights on the following key industry indicators in the retail and wholesale industry:

• Number of retail stores
• Number of enterprises
• Number of employees

The Global Market Model provides global retail and wholesale industry overview which includes key insights on retail and wholesale industry trends, retail and wholesale industry growth rate, retail and wholesale industry market size, retail and wholesale market drivers, and more across 60 geographies for the seven key regions.

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Services Industry Analysis – Growth To Be Powered By Increased Services Prices, By The Global Market Model

The Global Market Model provides global services industry overview which includes key services industry statistics, services industry trends, SWOT analysis of services industry, services market drivers, and more across 60 geographies for the seven key regions.

The Global Market Model, in its latest forecast for the services market, has expected stable forecast growth (CAGR) over the next ten years. The factors such as economic headwinds and inflation that led to increased service prices due to increasing labor costs were already taken into account during our previous forecast update. Hence, our forecasts for this market are fairly similar during this update cycle.

What was the services market size in 2022?

The global services market was valued at $14139.7 billion in 2022. The market accounted for 13.9% of the global GDP.

Top segments in services that are in demand

Commercial services market was the largest segment of the services market, accounting for 36.9% of the total in 2022. The USA was the leading market in the services market, accounting for 23.7% of the total in 2022.

What will the services industry growth rate be in the forecast period?

The market is expected to grow at a compound annual growth rate (CAGR) of 8.7% during 2022 to 2032. The factors such as outsourcing businesses non-core operations to reduce their overall expenditures and to focus on their core business and technological advances are expected to drive the market during the forecast period.

The Global Market Model provides insights on the following key industry indicators in the the services industry:

• Tons of waste collected
• Tons of waste recycled
• Number of enterprises
• Number of employees

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The Global Market Model, The Business Research Company's flagship product, is the world's largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

Social Services Industry Outlook – Growth To Be Powered by Increasing Social Service Prices Due To Inflation, By The Global Market Model

The Global Market Model offers relevant insights into the global social services industry, providing a comprehensive understanding of key social services industry trends, social services industry challenges, social services industry competitors, social services market drivers, and more across 60 geographies for the seven key regions.

The Global Market Model, in its latest forecast for the social services industry, has expected stable forecast growth (CAGR) over the next ten years. Online learning, crowd funding, and integrating smart technologies into learning are expected to drive the market during the forecast period. The factors such as economic headwinds and inflation that led to increased prices for social services due to increasing labor costs were already taken into account during our previous forecast update. Hence, our forecasts for this market are fairly similar during this update cycle.

How much is the social services industry worth?

The global social services market was valued at $4801.6 billion in 2022. The market accounted for 4.7% of the global GDP. The market is expected to grow at a compound annual growth rate (CAGR) of 7.5% during 2022 to 2032. The factors such as online learning, crowd funding, and integrating smart technologies into learning are expected to drive the market during the forecast period.

What is the largest segment and region in the social services industry?

The educational services market was the largest segment of the social services market, accounting for 66.4% of the total in 2022. China was the leading market in the social services market in 2022, accounting for 15.2% of the total.

The Global Market Model provides insights on the following key industry indicators in the the social services industry -

• Number of students
• Number of enterprises
• Number of employees

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The Global Market Model, The Business Research Company's flagship product, is the world's largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

The Transport Industry Is Expected To Grow At A Rate Of More Than 7% During The Forecast Period 2022–2032, By The Global Market Model

The Global Market Model provides global transport industry overview which includes key insights on transport industry trends, transportation industry growth rate, transportation industry market size, transport market drivers, and more across 60 geographies for the seven key regions.

How much is the transportation industry worth? How does transport contribute to the economy?

The global transport market was valued at $5918.2 billion in 2022. The market accounted for 5.8% of the global GDP. The market is expected to grow at a compound annual growth rate (CAGR) of 7.7% during 2022 to 2032. The factors such as demand for self-driving cars, electric vehicles, and demand for smart solutions in mobility, are expected to drive the market during the forecast period.

Is the transportation industry growing?

Global Market Model, in its latest forecast for the transport market, has decreased the expected forecast growth (CAGR) over the next ten years by 1%. Automotive purchases are expected to be stalled due to squeezed consumer spending and recession pressure, restraining the market growth during this period.

What are top transportation industry segments and regions?

The motor vehicle parts market was the largest segment of the transport market, accounting for 43.5% of the total in 2022. China was the leading market in the transport market, accounting for 19.5% of the total in 2022.

The Global Market Model provides insights on the following key industry indicators in the the transport industry -

• Number of vehicles produced
• Number of vehicles sold
• Number of vehicles installed
• Number of enterprises
• Number of employees

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The Global Market Model, The Business Research Company's flagship product, is the world's largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

Transport Services Industry Overview – Forecast Market Value and Growth Rate, Top Industry Drivers And Segments, By The Global Market Model

The Global Market Model the world’s most comprehensive database of integrated market information provides accurate insights on global transport services industry analysis covering key transportation industry segments, transport services industry trends, transportation services industry leaders, transport services market drivers, and more across 60 geographies for the seven key regions.

The Global Market Model is the world’s largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geopolitical, and sector-specific factors. The current forecast for the transport services industry made in December 2022 provides the following key insights on the industry:

How much is the transportation industry worth, and what are its key drivers?

The global transport services market was valued at $7330.2 billion in 2022. The market accounted for 7.2% of the global GDP. In terms of per capita consumption, the market accounted for $939.5.
The market is expected to grow at a compound annual growth rate (CAGR) of 8.5% during 2022 to 2032. Factors such as the adoption of data analytics, improved air cargo services, increasing e-commerce, and a rise in tourism are expected to drive the market during the forecast period.

Largest transportation industry segment and region

The general transport market was the largest segment of the transport services market, accounting for 30% of the total in 2022. The USA was the leading market in the transport services market in 2022, accounting for 21.5% of the total.

Transportation services industry forecast for 2022-20232

The Global Market Model, in its latest forecast for the transport services forecast market, has increased the expected forecast growth (CAGR) over the next ten years by 1%. The air transport market is expected to have a strong recovery post-COVID and will benefit from the increasing air travel demand. The high inflation that has led to increases in labor costs and fuel prices, which eventually led to increased transport service prices, is expected to drive the market during this period.

The Global Market Model provides insights on the following key industry indicators in the the transport services industry -

• Number of commercial vehicles installed
• Number of enterprises
• Number of employees

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• Europe: +44 207 1930 708
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The Global Market Model, The Business Research Company's flagship product, is the world's largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

The Utilities Industry Is Expected To Grow At A More Than 6% Annual Rate Through 2022-2032, By The Global Market Model

The Global Market Model provides accurate global utilities industry overview, that gives an understanding of key utilities industry trends, utilities industry challenges utilities industry leaders, utilities market drivers, and more across 60 geographies for the seven key regions.

The Global Market Model's latest forecast, the utilities industry is expected to grow at a compound annual growth rate (CAGR) of 6.9% during 2022 to 2032. The global utilities market was valued at $6050.6 billion in 2022. The market accounted for 6% of the global GDP. The rapid growth in investments in renewable power generation capacities is expected to drive the market during the forecast period.

Which segment and region holds the largest utility industry market share?

The electric power generation, transmission, and distribution market was the largest segment of the utilities market, accounting for 74.2% of the total in 2022. China was the leading market in the utilities market in 2022, accounting for 19.6% of the total.

Utilities industry forecast - decreasing natural gas prices likely to offset the market growth

The Global Market Model, in its latest forecast for the utilities market, has kept the expected forecast growth (CAGR) over the next ten years unchanged. Natural gas prices will have an impact on electricity prices. The spike in natural gas prices due to the Russia-Ukraine conflict, supply chain disruptions, and prices of natural gases stabilizing in the long term were already taken into account during our previous forecast update. Hence, our forecasts for this market remained the same during this update cycle.

What comes under utilities industry indicators?

The Global Market Model offers insights on the following key industry indicators for the utilities industry-

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The Global Market Model, The Business Research Company's flagship product, is the world's largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

Veterinary Healthcare Market Analysis – Expected Market Size And Growth Rate, Key Drivers, Top Segments And Regions, By The Global Market Model

The Global Market Model is the world’s largest database of market forecasts. Forecasts for over 5000 markets are updated every six months on the basis of economic, geo-political and sector-specific factors. The current forecast was made in December 2022, revising the previous forecasts made in September 2022.

The Global Market Model in its latest forecast for the veterinary healthcare market, has decreased the expected forecast growth or the compound annual growth rate (CAGR) over the next ten years by 1%. Due to less discretionary income and recession pressure, there is a reduction in pet adoption rates and pet spending, which will restrain market growth during this period.

Key highlights from the Global Market Model’s forecast for the veterinary healthcare industry are -

• The global veterinary healthcare market was valued at $179.4 billion in 2022
• The veterinary healthcare market accounted for 0.2% of the global GDP
• The veterinary healthcare market is expected to grow at a compound annual growth rate (CAGR) of 6.9% during 2022 to 2032
• Key drivers of the veterinary healthcare market include increase in penetration of pet insurance and sophisticated treatment options
• The veterinary services market was the largest segment of the veterinary healthcare market, accounting for 72.6% of the total in 2022

The Global Market Model offers insights on the following key industry indicators for the veterinary healthcare industry -

The Global Market Model provides global veterinary healthcare industry outlook covering key areas such as veterinary healthcare industry size, veterinary healthcare industry growth rate, veterinary healthcare industry trends and drivers, veterinary healthcare industry challenges, and more across 60 geographies for the seven key regions.

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