Consumer Spending in the United States increased to 16291.80 USD Billion in the first quarter of 2025 from 16273.20 USD Billion in the fourth quarter of 2024. This dataset provides the latest reported value for - United States Consumer Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Personal Saving Rate (PSAVERT) from Jan 1959 to May 2025 about savings, personal, rate, and USA.

The global total consumer spending on clothing and footwear in was forecast to continuously increase between 2024 and 2029 by in total ***** billion U.S. dollars (+***** percent). After the ninth consecutive increasing year, the fashion-related spending is estimated to reach *** trillion U.S. dollars and therefore a new peak in 2029. Consumer spending, in this case footwear-related spending, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP). The shown data adheres broadly to group **. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data is shown in nominal terms which means that monetary data is valued at prices of the respective year and has not been adjusted for inflation. For future years the price level has been projected as well. The data has been converted from local currencies to US$ using the average exchange rate of the respective year. For forecast years, the exchange rate has been projected as well. The timelines therefore incorporate currency effects.Find more key insights for the total consumer spending on clothing and footwear in countries like North America and Australia & Oceania.

Personal savings in the United States reached a value of 975 billion U.S. dollars in 2024, marking a slight increase compared to 2023. Personal savings peaked in 2020 at nearly 2.7 trillion U.S. dollars. Those figures remained very high until 2021. The excess savings during the COVID-19 pandemic in the U.S. and other countries were the main reason for that increase, as the measures implemented to contain the spread of the virus had an impact on consumer spending. Saving before and after the 2008 financial crisis During the periods of growth and certain economic stability in the pre-2008 crisis period, there were falling savings rates. People were confident the good times would stay and felt comfortable borrowing money. Credit was easily accessible and widely available, which encouraged people to spend money. However, in times of austerity, people generally tend to their private savings due to a higher economic uncertainty. That was also the case in the wake of the 2008 financial crisis. Savings and inflation The economic climate of high inflation and rising Federal Reserve interest rates in the U.S. made it increasingly difficult to save money in 2022. Not only does inflation affect the ability of people to save, but reversely, consumer behavior also affects inflation. On the one hand, prices can increase when the production costs are higher. That can be the case, for example, when the price of West Texas Intermediate crude oil or other raw materials increases. On the other hand, when people have a lot of savings and the economy is strong, high levels of consumer demand can also increase the final price of products.

Household Saving Rate in the United States decreased to 4.50 percent in May from 4.90 percent in April of 2025. This dataset provides - United States Personal Savings Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Honeymoon Tourism Market Size And Forecast

Honeymoon Tourism Market size was valued at USD 130.60 Billion in 2023 and is estimated to reach USD 161.5 Billion by 2031, growing at a CAGR of 4.5% from 2024 to 2031.

Global Honeymoon Tourism Market Drivers

The market drivers for the Honeymoon Tourism Market can be influenced by various factors. These may include:

People with more money to spend can afford more luxurious honeymoons now that their spending incomes are higher. Growth in Travel and Tourism: The overall growth of the travel and tourism business helps honeymoon tourism grow by making more places to visit and ways to travel available. Access to International Destinations Has Grown: Better transportation and easier access to international destinations urge couples to take their honeymoons in unique and interesting places.

Global Honeymoon Tourism Market Restraints

Several factors can act as restraints or challenges for the Honeymoon Tourism Market. These may include:

Downturns in the economy: Unstable or recessionary economies can make people less likely to spend extra money on expensive travel, which can affect the demand for honeymoon tourism. Travel Restrictions: Couples may not be able to travel because of visa, health, or travel warnings that make it unsafe to do so, which can have an effect on the market. The high cost of luxury vacation packages may stop some couples from going, especially if they are on a tight budget.

Fine Jewelry Market size was valued at USD 49.8 Billion in 2023 and is projected to reach USD 87.2 Billion by 2031, growing at a CAGR of 6.7% during the forecast period 2024-2031.

Global Fine Jewelry Market Drivers The market drivers for the Fine Jewelry Market can be influenced by various factors. These may include:

Growing Disposable Income: The market for fine jewelry is mostly driven by rising disposable income, especially in emerging economies. People’s purchasing power rises with financial progress, opening up the possibility of luxuries like exquisite jewelry. This change in the population makes it possible for buyers to purchase fine jewelry for themselves or as gifts. The market is growing because high-net-worth individuals are also looking for distinctive things. Luxury items are now more easily accessible thanks to e-commerce platforms, which let customers browse and buy whenever it’s convenient for them. It is anticipated that when the state of the world economy improves, more money will be spent on luxury jewelry.

Gen Z and Millennials’ Increasing Demand: Gen Z and millennials are changing the definition of luxury consumption, which is fueling demand for fine jewelry. These generations are more interested in brands that allow customisation and use sustainable processes, placing a premium on individual expression and distinctive designs. Because they are digital natives, they use influencer marketing and social media to research and confirm their purchases, which influences market trends. To target these tech-savvy customers, fine jewelry businesses are putting more and more emphasis on digital marketing techniques by partnering with influencers and providing online exclusives. The focus on storytelling and authenticity appeals to younger consumers looking to make meaningful purchases, which boosts sales in a number of fine jewelry categories.

Global Fine Jewelry Market Restraints Several factors can act as restraints or challenges for the Fine Jewelry Market. These may include:

Variations in the Economy: The fine jewelry market is directly impacted by changes in consumer spending power, which is greatly impacted by fluctuations in the economy. People tend to prefer necessities over luxuries during economic downturns, which lowers sales. Changes in the amount of discretionary income may also deter buyers from purchasing expensive jewelry. Changes in exchange rates also have an impact, increasing the cost of imported jewelry in some areas and potentially decreasing demand. In addition, customers may take a more frugal approach to luxury spending as a result of economic uncertainty, delaying purchases or choosing less expensive options. Together, these economic variables limit market expansion and profitability.

Shifting Preferences of Customers: The ever-changing demands of consumers in the fine jewelry sector place conventional jewelers under pressure. Consumers are searching for brands that share their beliefs as there is an increasing demand for jewelry made from ethical and sustainable sources. Younger generations are also drawn to unconventional materials and designs, frequently placing a higher value on individuality and self-expression than on conventional luxury status. This change could put pressure on well-known brands to innovate and change what they offer to stay competitive. Brands must reevaluate their marketing strategy because consumers are becoming more and more lured to personalized jewelry options and unique styles due to the rise of digital platforms and social media.

Contemporary Walk In Wardrobe Market Outlook

The global walk-in wardrobe market size is expected to grow significantly, with market size projections of USD 5.3 billion in 2023 and anticipated to reach approximately USD 9.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period. This growth is driven by a variety of factors including rising consumer disposable incomes, increased focus on interior aesthetics, and the growing trend of home renovation and remodeling projects.

The burgeoning need for efficient storage solutions due to decreasing residential space and an increased preference for organized living are major growth factors propelling the market. Walk-in wardrobes offer a luxurious and practical solution for homes, providing ample storage while enhancing the aesthetic appeal of living spaces. The trend towards urbanization, especially in developing nations, has further amplified the need for sophisticated and space-saving storage solutions, thereby fostering the demand for walk-in wardrobes.

Technological advancements and the integration of smart features in wardrobes are also driving market growth. Modern walk-in wardrobes now come with features such as automated lighting, climate control, and even integrated security systems to protect valuable items. These innovations not only enhance the user experience but also add significant value to residential and commercial properties. As consumers become more tech-savvy and demand more from their home furnishings, the market for technologically advanced walk-in wardrobes is expected to expand further.

Another significant growth driver is the increasing consumer awareness and preference for customized and modular furniture solutions. Consumers are now looking for wardrobes that can be tailored to their specific needs and preferences, allowing for greater flexibility in design and functionality. The availability of a wide range of materials and finishes also allows consumers to match their wardrobes with the overall interior décor of their homes, driving the market for customized and modular wardrobe solutions.

In addition to walk-in wardrobes, the demand for Homewear has seen a notable increase as consumers prioritize comfort and style within their living spaces. Homewear, which includes cozy loungewear and home textiles, complements the aesthetic appeal of modern interiors. As people spend more time at home, the integration of stylish and comfortable homewear becomes essential, reflecting personal taste and enhancing the overall ambiance. This trend is particularly evident in urban settings where space optimization and personal comfort are paramount. The synergy between homewear and walk-in wardrobes creates a seamless living experience, where every aspect of home life is tailored to individual preferences.

Regionally, North America and Europe are expected to dominate the market due to high consumer spending on home improvement and renovation projects. However, the Asia Pacific region is anticipated to witness the highest growth rate due to the rapid urbanization and rising disposable incomes in countries such as China and India. The increasing popularity of luxury home furnishings in these regions is expected to drive significant market growth. Latin America and the Middle East & Africa, while smaller in market size, are also expected to witness steady growth driven by increasing urbanization and a burgeoning middle class.

Product Type Analysis

The product type segment in the walk-in wardrobe market comprises modular wardrobes, custom wardrobes, open wardrobes, and others. Modular wardrobes are gaining popularity due to their flexibility, ease of installation, and ability to be customized according to the userÂ’s needs and space constraints. The modular design allows for efficient space utilization, making them an ideal choice for modern homes. The growth in urban living spaces and smaller apartments has driven the demand for modular wardrobes, which can maximize storage space while maintaining a sleek and modern appearance.

Custom wardrobes are another significant segment, driven by the increasing consumer preference for personalized and bespoke furniture solutions. Custom wardrobes allow consumers to specify the exact dimensions, materials, and finishes, creating a tailored solution that fits seamlessly into their living spaces. This segment is particularly appealing to high-end consumers and those wit

Personal Budget Software Market Outlook

In 2023, the global personal budget software market size was valued at approximately USD 1.5 billion, and it is projected to surge to an impressive USD 2.8 billion by 2032, reflecting a compound annual growth rate (CAGR) of 7.1%. This growth trajectory is largely driven by the increasing adoption of digital financial tools across various user groups, including individuals, families, and small enterprises. The growing need for efficient financial management and budgeting solutions, coupled with the increasing penetration of smartphones and the Internet, is fostering the demand for personal budget software worldwide. As financial literacy and awareness about personal finance continue to rise, users are increasingly seeking sophisticated platforms to manage their financial activities.

The growth of the personal budget software market is significantly influenced by technological advancements that simplify financial management tasks. With the rise of artificial intelligence and machine learning, modern personal budget software now offers enhanced features like predictive analytics for future financial planning, automated categorization of expenses, and personalized financial advice. These technologies enable users to gain insightful data about their spending habits and make informed decisions, thus driving the demand for such software. Additionally, the integration of these software platforms with other financial services, such as banking apps and investment tools, enhances their usefulness, providing a seamless financial management experience for users.

Another growth factor contributing to the market expansion is the increasing financial awareness among individuals and small businesses. With access to a plethora of information and resources, people are becoming more conscious of the importance of financial planning and personal budgeting. Particularly among millennials and Generation Z, thereÂ’s a noticeable trend towards adopting digital tools for managing finances, which aligns well with their tech-savvy nature. This demographic shift is propelling the market forward, as these younger generations prefer interactive and intuitive platforms that offer real-time insights and ease of use.

Moreover, the shift towards remote working and digital transactions spurred by the COVID-19 pandemic has accelerated the adoption of personal budget software. As individuals and small enterprises seek to streamline their financial operations and maintain better control over their expenses during uncertain economic times, the reliance on digital financial management tools has increased. The pandemic has not just highlighted the necessity for financial preparedness but also emphasized the ease and accessibility that personal budget software can offer, further boosting its adoption across various user segments.

Regionally, North America leads the market, owing to the high adoption rate of digital technologies and significant awareness about personal finance management. The regionÂ’s robust financial infrastructure and the presence of major software providers contribute to its dominant position. Meanwhile, the Asia Pacific region is expected to witness the highest growth rate, driven by the rapid digitization of financial services and an expanding middle class with rising disposable incomes. Europe also holds a significant market share, supported by favorable governmental policies promoting financial literacy and the increasing use of technology in personal finance.

Personal Finance Management has become an essential skill in today's fast-paced world, where financial stability and security are paramount. With the increasing complexity of financial products and services, individuals are seeking tools and resources that can help them navigate their finances effectively. Personal budget software plays a crucial role in this context, offering users the ability to track expenses, set financial goals, and gain insights into their spending habits. By leveraging these tools, users can develop better financial habits, make informed decisions, and ultimately achieve their financial objectives. The integration of personal finance management into everyday life is not just about managing money, but also about empowering individuals to take control of their financial future.

Platform Analysis

The personal budget software market is segmented by platform into Windows, macOS, Android, iOS, and web-based platforms. Windows-based so

Party Rentals Market Outlook

The global party rentals market size reached USD 3.4 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.2%, reaching approximately USD 5.8 billion by 2032. This robust growth is driven by the increasing demand for rental services for various events such as corporate gatherings, weddings, and private parties. The rising trend of social gatherings and the increasing preference for professional party setups are significant growth factors contributing to the expansion of this market.

Firstly, the rise in disposable incomes across various demographics has led to an increase in spending on events and entertainment. People now have more financial flexibility to host grand events, leading to a higher demand for party rental services. This trend is particularly noticeable in urban areas where there is a growing culture of celebrating life events on a large scale. Additionally, the increasing awareness of the convenience offered by rental services has propelled market growth as individuals and organizations prefer hassle-free setups for their events.

Secondly, the surge in corporate events and functions has substantially contributed to the demand for party rentals. Companies are increasingly recognizing the importance of team-building activities, product launches, and corporate social events, which require professional party setups. The need for specialized equipment such as audio/visual gear, lighting, and themed decor for these events has driven the market. The integration of advanced technologies in party rentals, such as digital kiosks and state-of-the-art sound systems, also plays a crucial role in market expansion.

The rise of Conference Equipment Rental has become a pivotal aspect of the party rentals market, especially in the context of corporate events. As businesses aim to create impactful conferences and meetings, the demand for specialized equipment such as projectors, microphones, and video conferencing tools has surged. This trend is further fueled by the need for seamless communication and presentation capabilities in a professional setting. Rental companies are increasingly offering comprehensive packages that include state-of-the-art equipment and technical support, ensuring that corporate clients can focus on the content and delivery of their events without worrying about logistical challenges. The flexibility and cost-effectiveness of renting conference equipment make it an attractive option for organizations looking to optimize their event budgets while maintaining high standards of quality and performance.

Thirdly, the impact of the COVID-19 pandemic has led to a paradigm shift towards smaller, more intimate gatherings, which has resulted in a higher reliance on rental services. As large-scale events were curtailed, there was an increased demand for high-quality, personalized setups for smaller events. This trend is expected to persist as people continue to prefer controlled and well-organized celebrations. Furthermore, the growing influence of social media has amplified the need for aesthetically pleasing event setups, which in turn drives the market for party rentals.

Regionally, North America holds a significant share in the party rentals market, driven by a high number of corporate events, weddings, and private parties. The region's well-established event management industry and high consumer spending power contribute to this dominance. Europe follows closely, with a strong tradition of social gatherings and celebrations. The Asia Pacific region is expected to witness the highest growth rate, driven by the increasing disposable income and a burgeoning middle-class population. The cultural emphasis on celebrations in countries like India and China further propels the market growth in this region.

Product Type Analysis

The product type segment in the party rentals market encompasses a wide range of items essential for various events. This includes tents, tables and chairs, linens, flatware and glassware, lighting, audio/visual equipment, and others. Each product sub-segment caters to specific event needs, ensuring a comprehensive solution for party planners and hosts.

Tents are a crucial component of outdoor events, providing shelter and a defined space for gatherings. The demand for tents has surged with the increasing preference for outdoor and destination events. Tents come in various sizes and styles, cater

This study explores public attitudes in the ten member nations of the European Economic Community. The monitoring of attitudes on European integration, life satisfaction, and social goals undertaken in previous Euro-Barometers was continued in this data collection. Respondents were asked questions regarding the European Community, specifically which nations they would prefer not be members of the Community. Respondents were also questioned concerning their consumer attitudes and buying habits, particularly concerning foreign products. German and British respondent attitudes toward present levels of government spending in a number of areas were also investigated. Additional questions, asked in Germany, France, Italy, the Netherlands and Great Britain, measure respondent support for various political movements, such as ecology and anti-nuclear groups. This survey is part of a continuing series designed to measure public awareness of, and attitudes to, the Common Market and other European Community institutions. In addition to continuing to monitor attitudes on European integration, life satisfaction, and social goals, this study questioned respondents as to which of the member countries they would prefer not belonged to the European community. Respondents were also asked whether or not they planned to vote in the upcoming elections to the European parliament and about the reasons for their turnout decision, as well as being questioned concerning their consumer attitudes and buying habits, particularly as concerns foreign products. Variables include: nation; weight; is R registered to vote at present address; satisfaction with life; satisfaction with the way democracy works in own country; political involvement and orientations, incl does R persuade others to share his views; country's goals for next 10-15 years, how often does R discuss politics with friends; state of R's personal life, incl health income, leisure time, local government, personal safety, living accommodation, work, family, public services; prefer to invest money for future or spend it now; has R joined public demonstration in past years; concerns for future, incl young people taking drugs, foreign labourers, businesses about to collapse, increase in population of poor countries, joblessness among young people, international tensions, job losses in some areas and industries, lack of increase in standard of living, pollution, crime and terrorism; would unified Europe improve prospects of today's children; effect of people with pacifist ideas on the security of R's country; do people supporting ecological ideas have a real effect on protection of environment; economic outlook and personal efficacy, incl changes in general economic situation in last year, change in financial situation of R's household in past year, control R has over life, change in household income relative to cost of living, worries in household about losing or not finding job, unemployment in neighbourhood, financial situation of people like R; government economic policy, incl effect of government policies on economic situation, on unemployment, on prices, on R's employment prospects, on financial situation of R's household, on general economic situation; R ever angry about government economic policies; political parties which offer best policies for handling the economy; attitudes toward foreign products and companies, incl would R buy foreign car, borrow money from foreign bank, seek out products from other countries, vote for party advocating buying domestic products; attitude to foreign advertising; pride in nationality; would R continue working if he had enough money to live comfortably; consumer habits, incl attitude to consumer decision making, trying new products, spending for quality, judging people by their possessions, right to spend money on self, reasons for not buying; financial outlook for retirement, incl expected financial situation when retired, amount of pension, guaranteed pension, personal payments to pension schemes; attitudes to social and political issues, incl violence, rights of employees, importance of family, research spending, patriotism, censorship, solar energy, unemployment, are students parasites, trade unions, courts of law, nuclear power plants, homosexuals, military expenditures, energy crisis, income differences, television, free abortions, peace, racism, likelihood of world war, God, immigrant labour, electricity vs fossil fuels; would R be willing to pay more taxes to protect environment, how much; government spending on defense, public security, education, health care, recreation, housing, environmental protection, trade and industry, transportation, social security, aid to developing countries, art and culture, technological development, support for EC policies; support for political movements, incl ecology movements, anti-nuclear power, anti-war; left-right self-placement; attitude to societal change; political party closeness; attitudes toward EC, including knowledge of European parliament, attitudes to efforts to unify western Europe; preferred name for EC; areas on which the EC should concentrate; countries R would prefer not to be in the EC; is EC membership a good thing; benefits to country from EC; reaction if the EC were scrapped; opinions on a European passport, European currency, single European olympic team, extradition, single ambassador, unrestricted hiring, uniform social benefits, free trade between EC countries; importance of European parliament; intention to vote in European parliamentary election, reasons; goals of European parliament members and of parliament; attitudes toward political parties, incl types of parties for which R might vote. Demographic data includes: religion; importance of religion in R's life; marital status; age finished full-time education; vote intention if general election were held tomorrow; vote recall; sex; age; number of persons, of children, of teenagers living in R's home; family income; occupation; number of persons working at R's place of work; relation to and occupation of head of household; size of locality; subjective size of community; region; province; linguistic region. Constructed indices include: cognitive mobilization index; materialist/post-materialist values index; political orientation typology; support for Common Market index.

Dog Toilets Market Outlook

As of 2023, the global dog toilets market size is estimated to be approximately USD 1.2 billion and is projected to reach USD 2.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.2% during the forecast period. This growth is primarily driven by increasing pet ownership and urbanization trends across the globe. As the number of pet owners continues to rise, so does the demand for convenient and hygienic pet care solutions, such as dog toilets, making this market a burgeoning sector of the pet products industry.

The surge in pet adoption rates has been a significant growth factor for the dog toilets market. This trend is particularly evident in urban settings where space constraints limit outdoor access for pets. Dog toilets offer a viable solution for pet owners who need an indoor or easily accessible outdoor solution for their pets' sanitation needs. This is not only a convenience but also addresses hygiene concerns, which are increasingly important in densely populated areas. Furthermore, the trend of humanizing pets, where pet owners are willing to invest in premium products for their pets' comfort and well-being, has given a considerable boost to the demand for innovative dog toilet solutions.

Another critical factor propelling the growth of the dog toilets market is the rise in disposable income. As more people can afford to spend on luxury and convenience items, there is an increased willingness to invest in high-quality pet care products. Modern dog toilets, which often come with advanced features like odor control and easy maintenance, are gaining popularity among pet owners who are looking for products that offer functionality as well as aesthetic appeal. Additionally, the COVID-19 pandemic saw a spike in pet ownership, further augmenting the demand for pet-related products, including dog toilets, as people spent more time at home with their pets.

Technological advancements in product design and functionality have also contributed significantly to market growth. Companies are continuously innovating to create dog toilets that are not only user-friendly but also environmentally sustainable. For instance, some products now incorporate biodegradable materials or feature water-saving technologies. These innovations appeal to eco-conscious consumers looking to reduce their environmental footprint, thus expanding the market's reach. Additionally, the integration of smart technology, such as sensors and mobile app connectivity, caters to tech-savvy pet owners, offering them enhanced convenience and control.

The regional outlook for the dog toilets market reveals robust growth potential in regions such as North America, Europe, and the Asia Pacific. North America, with its high pet ownership rates and strong consumer spending power, represents a significant share of the market. In contrast, the Asia Pacific region is expected to witness the fastest growth due to rapidly increasing pet adoption rates and rising disposable incomes. Europe remains a mature market, where established pet care practices and a focus on pet hygiene continue to drive product demand. The Middle East & Africa and Latin America are also emerging markets, with growth driven by changing lifestyles and increased awareness of pet care products.

In addition to dog toilets, another essential product gaining traction among pet owners is Dog Diapers. These products are particularly beneficial for managing incontinence in older dogs, females in heat, or for puppies undergoing house training. Dog diapers provide a convenient and hygienic solution for pet owners, ensuring cleanliness and comfort for both the pet and the household. As pet owners become more aware of such products, the demand for dog diapers is expected to grow, complementing the overall market for pet sanitation solutions. The availability of various sizes and materials caters to different breeds and preferences, making dog diapers a versatile addition to pet care routines.

Product Type Analysis

The product type segment of the dog toilets market is diverse, encompassing indoor dog toilets, outdoor dog toilets, and portable dog toilets. Indoor dog toilets are designed for use within homes, especially in urban apartments where outdoor spaces are limited. These products are gaining popularity due to their convenience and ease of use, offering a practical solution for pet owners who face weather-related and logistical challenges when taking their dogs outside.

Stowable Bench Market Outlook

The global stowable bench market size is poised to grow from USD 1.5 billion in 2023 to USD 2.8 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.1% during the forecast period. This market growth is driven by increasing consumer preference for flexible and space-saving furniture solutions, advancements in product design, and the burgeoning trend towards minimalistic living spaces.

One of the primary growth factors for the stowable bench market is the rising demand for multifunctional furniture, which is particularly favored in urban areas where space is often a premium. Consumers are increasingly looking for furniture that can serve multiple purposes and can be easily stored when not in use. This trend is driven by the growing number of people living in apartments and smaller homes, particularly in metropolitan areas, necessitating the need for space-efficient furniture solutions. Additionally, the increasing awareness of sustainable living practices is pushing consumers towards buying furniture that is not only functional but also environmentally friendly.

Technological advancements in the furniture manufacturing industry are also contributing significantly to market growth. Enhanced materials and innovative designs are now enabling the production of stowable benches that are durable, lightweight, and easy to use. Manufacturers are focusing on creating products with improved functionality and aesthetics, catering to the diverse needs of consumers. Furthermore, the integration of smart features such as foldable mechanisms and quick assembly options is attracting a larger customer base, thereby propelling market growth.

The evolving consumer preferences and lifestyle changes are also key drivers of the stowable bench market. The increasing trend towards outdoor activities and the need for portable furniture that can be conveniently transported and set up is boosting the demand for stowable benches. Moreover, the expansion of e-commerce platforms has made these products more accessible to a broader audience, further accelerating market growth. The growing influence of social media and online interior design platforms is also playing a crucial role in shaping consumer preferences, as more people are exposed to innovative furniture designs and ideas.

Indoor Upholstered Benches are gaining popularity as a stylish and comfortable addition to modern living spaces. These benches offer a blend of functionality and aesthetics, making them an ideal choice for both residential and commercial interiors. With the growing trend of creating cozy and inviting indoor environments, upholstered benches provide a versatile seating solution that can enhance the overall decor. They are available in a variety of fabrics, colors, and designs, allowing consumers to customize their spaces according to personal preferences. Additionally, the comfort offered by upholstered benches makes them suitable for prolonged use, whether in dining areas, entryways, or as accent pieces in living rooms. As consumers continue to seek furniture that combines style with practicality, the demand for indoor upholstered benches is expected to rise, contributing to the broader market growth.

Regionally, North America and Europe are expected to dominate the stowable bench market due to the high urbanization rates and consumer spending power in these regions. These regions also have a mature market for multifunctional and modular furniture, further bolstering the demand for stowable benches. Meanwhile, the Asia Pacific region is anticipated to witness substantial growth during the forecast period, driven by rapid urbanization and increasing disposable incomes. The rising middle-class population in countries like China and India is likely to contribute significantly to market expansion.

Product Type Analysis

The stowable bench market is segmented based on product type into folding stowable benches, collapsible stowable benches, and portable stowable benches. Each type has distinct features and applications, catering to varied consumer needs. Folding stowable benches are one of the most popular types due to their ease of use and versatility. These benches can be folded and stored away when not in use, making them ideal for small living spaces. Their popularity is particularly high in urban areas where space-saving solutions are essential. Moreover, folding benches are available in a range of materials and designs, enhancing their appeal

Mobile Advertising Platform Market was valued at USD 175.61 Billion in 2023 and is projected to reach USD 750.22 Billion by 2030, growing at a CAGR of 23.2% during the forecast period 2024-2030.

Global Mobile Advertising Platform Market Drivers

The market drivers for the Mobile Advertising Platform Market can be influenced by various factors. These may include:

Quick Rise in Mobile Users: The potential market for mobile advertising has grown as smartphones and other mobile devices become more widely used worldwide. Advertisers are using mobile platforms to reach a wider range of users as more people utilize mobile apps and the internet. Consumer Behavior Shift: As more individuals spend time on mobile devices for social media, shopping, and entertainment, advertisers are turning their attention to mobile platforms as a result of changes in consumer behavior. Wherever people are spending a large portion of their digital time, advertisers want to engage them. Technological Developments: The efficiency of mobile advertising has increased thanks to technological developments including better analytics, more precise targeting, and the incorporation of AI and ML into advertising platforms. Advertisers can now provide users with more relevant and tailored content. Increased Usage of Mobile Apps: Due to the considerable rise in popularity of mobile apps, there has been a rise in the amount of money spent on in-app advertising. Marketers are using mobile app engagement levels to their advantage by showing users personalized and engaging advertisements. Growth of Programmatic Advertising: One major factor driving this trend has been the development of programmatic advertising, which uses automated systems to purchase and distribute advertisements. Real-time bidding and effective targeting are made possible by programmatic advertising, which improves return on investment for marketers. Mobile Video Advertising: As the amount of video content consumed on mobile devices increases, advertisers are now investing in mobile-specific video advertisements. Brands choose video advertising because it offers a more immersive and engaging experience. Data-driven insights: Advertisers are now able to assess the success of their campaigns, refine their tactics, and make well-informed decisions thanks to the availability of data-driven insights and analytics tools. Improved ROI and campaign performance are a result of this. Globalization & Market Expansion: More and more, marketers are trying to reach a wider audience worldwide. Mobile advertising systems give marketers the ability to run campaigns that are customized for particular geographic areas by giving them the ability to target people in different geographies. Emergence of 5G Technology: By offering quicker and more dependable connections, the introduction of 5G technology has the potential to substantially improve the capabilities of mobile advertising. More sophisticated and interactive ad forms can be supported by this.

How much time do people spend on social media? As of 2025, the average daily social media usage of internet users worldwide amounted to 141 minutes per day, down from 143 minutes in the previous year. Currently, the country with the most time spent on social media per day is Brazil, with online users spending an average of 3 hours and 49 minutes on social media each day. In comparison, the daily time spent with social media in the U.S. was just 2 hours and 16 minutes. Global social media usageCurrently, the global social network penetration rate is 62.3 percent. Northern Europe had an 81.7 percent social media penetration rate, topping the ranking of global social media usage by region. Eastern and Middle Africa closed the ranking with 10.1 and 9.6 percent usage reach, respectively. People access social media for a variety of reasons. Users like to find funny or entertaining content and enjoy sharing photos and videos with friends, but mainly use social media to stay in touch with current events friends. Global impact of social mediaSocial media has a wide-reaching and significant impact on not only online activities but also offline behavior and life in general. During a global online user survey in February 2019, a significant share of respondents stated that social media had increased their access to information, ease of communication, and freedom of expression. On the flip side, respondents also felt that social media had worsened their personal privacy, increased a polarization in politics and heightened everyday distractions.

Estimates suggest that in 2026 U.S. adults will spend around ** percent of their time watching traditional TV each day. This figure has generally fallen in recent years and the downward trend is forecast to continue in the years to come. Screen time Although average daily time spent watching TV appears to be decreasing, this does not necessarily mean that people are spending less time in front of screens; this drop is likely due to an increasing amount of time spent with phones, tablets, and laptops. With on-demand streaming services such as Netflix gaining massive popularity, people can watch a huge range of programming whilst on the go, meaning that screen time is no longer limited to time spent at home in front of the TV. Young people around the world have been especially quick to adopt smartphone-based video streaming habits meaning that television screen time will likely fall even further in the future. Television in the U.S. As mentioned above, the way people are consuming their video entertainment content is rapidly changing in the United States. By 2028, estimates suggest that only **** million U.S. households will pay for traditional TV services, down from over ** million as of 2019. In order to compete for people’s business, cable and satellite providers must find a way to adapt in a way the meets the needs of today’s increasingly mobile consumers. Some are launching their own streaming services in a bid to tackle cord-cutting, most notably Comcast.

The number of people enrolled in Medicaid decreased by *** percent in 2024, while expenditure increased by *** percent. Due to Medicaid unwinding in 2025 Medicaid enrollment is projected to decline by *** percent, while the spending is expected to grow by *** percent. Impact of COVID-19 on Medicaid Approximately ** percent of Americans were covered by Medicaid in 2020. The total number of Medicaid enrollees continues to increase each year and is projected to surpass ** million in 2019. A steadily improving economy in the United States is one reason for the slower enrollment growth experienced in recent years. However, unemployment numbers surged due to the COVID-19 pandemic, and Medicaid enrollment is expected to rise over the coming months as millions of people lose their employer-based health insurance. Medicaid expenditure set to increase Medicaid expenditure in 2019 was projected to *** billion U.S. dollars, an increase year on year. Medicaid spending rose by *** percent in 2020, but the economic downturn caused by COVID-19 is likely to significantly increase both state and federal expenditures. More people are now eligible for Medicaid because they have lost income, and the costs of coronavirus testing and treatment are escalating. Many states may not have the budget to pay for it all, especially at a time when tax revenues are declining.

In the 1st quarter of 2025, personal savings amounted to 3.97 percent of the disposable income in the United States. The personal savings rate peaked in 2020, when U.S. households saved on average over 15 percent of their income. After that, it has remained between three and five percent. Savings during recessions During recessions, households often tend to increase their savings due to economic uncertainty and to compensate for any possible loss of income, which could occur, for example, in the case of falling into unemployment. For example, as seen in this statistic, the savings rate increased noticeably between 2007 and 2012, coinciding with a period of crisis. However, there are also factors that affect the amount of money that households can manage to set aside, such as inflation. Saving can be particularly difficult during periods when the inflation rate has been higher than the growth rates of wages. Savings accounts The value of savings deposits and other checkable deposits in the U.S. amounted to roughly 11 trillion U.S. dollars in early 2025, even after a significant fall in the amount of money placed in those types of instruments. In other words, savings accounts are a type of financial asset that is very widely used among households to save money. Nevertheless, interest rates of savings’ accounts differ a lot from one financial institution to another. Some of the lesser-known online banks had the highest interest rates, while the major banks often offered lower interest rates.

Annual average net outlays for vehicle purchases came to above ***** U.S. dollars for all U.S. consumers in 2023, ranging between around ***** U.S. dollars for those in the lowest income bracket to nearly ****** U.S. dollars for consumers in the highest income group.

Genshin Impact is a free-to-play cross-platform action RPG. On mobile, Genshin Impact is particularly popular in Japan, where players generated an average revenue per download of 102.53 U.S. dollars. Singapore ranked second, with a cumulative RPD of 64.86 U.S. dollars. Genshin Impact – a free-to-play success story With an annual IAP revenue of 1.56 billion U.S. dollars, Genshin Impact is one of the highest-grossing mobile games of 2023. The game was released in September 2020 and initial reviews were mixed, describing the setting and theme as a clone of Nintendo’s The Legend of Zelda: Breath of the Wild. However, this stance was quickly abandoned by critics as Genshin Impact came into its own. The game features regular content releases to keep the player engaged as the story continues to evolve and new characters and regions are revealed. In August 2024, Genshin Impact launched the content update 5.0 which featured the new Natlan region and several new characters, quests, and in-game events. Genshin Impact is a live service game, also known as the Games-as-a-Service (GaaS), which is one of the strongest-growing revenue models in gaming right now. Gacha monetization mechanics In addition to the live service model, Genshin Impact is also a successful example of the gacha monetization trend in mobile games. Similar to loot boxes, a gacha system leads the player to spend in-game currency to receive random in-game items. In Genshin Impact, the gacha system is implemented via several so-called banners featuring characters or weapons which only are available for a limited amount of time. Spending in-game currency on these banners is the main way of unlocking new characters in the game. Players can earn the necessary currency either via completing game quests or through purchases in the virtual item shop with real money.In October 2024, Genshin Impact’s monthly mobile app revenue amounted to 35 million U.S. dollars, with China, Japan, and the United States leading in terms of revenue.