Emergency and Other Relief Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Emergency and Other Relief Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030” report has been added to ResearchAndMarkets.com’s offering.
Major players in the emergency and other relief services market are The International Federation of Red Cross and Red Crescent Societies (IFRC), International Disaster Emergency Service, The American National Red Cross, The Salvation Army, and Direct Relief.
The global emergency and other relief services market is expected to grow from $73.22 billion in 2020 to $82.42 billion in 2021 at a compound annual growth rate (CAGR) of 12.6%. The market is expected to reach $113.83 billion in 2025 at a CAGR of 8.4%.
The emergency and other relief services market consists of the revenues from emergency and other relief services and related goods by entities (organizations, sole traders and partnerships) that provide food, shelter, clothing, medical relief, resettlement, and counseling to victims of domestic or international disasters or conflicts (e.g., wars). Only goods and services traded between entities or sold to end consumers are included.
The economic slowdown hampers the growth of the emergency and other relief services market. The market is dependent on individuals and businesses who contribute monetarily to support various causes to provide food, clothing and shelter to those in need. The economic slowdown caused by the pandemic or recession will significantly impact the market. According to the World Bank estimates, the global economy is expected to shrink by 5.2% in the year 2020. This will impact businesses at large and also impact the disposable income of individuals, reducing the donations received by organizations in the emergency and other relief services market.
The emergency and other relief services market covered in this report is segmented by service type into food; shelter; medical assistance; others and by category into short-term assistance; deferred assistance; long-term assistance.
Organizations in the emergency and other relief services market are integrating technology in their services for faster response and better reachability. For instance, in 2018, the American Red Cross of Alaska has used the RC view and RC Collect applications that help streamline some of its procedures. The use of RC View to help dispatch Disaster Action Teams (DAT) to emergencies and RC Collect for collecting information during damage assessments of homes and property after the disasters have significantly reduced response times and streamlined data collection.
The increasing support from large corporations and organizations in the form of funds, grants or programs is expected to drive the growth of the global emergency and other relief services market. Corporations and organizations are making efforts to meet the requirements of people affected by different disasters across the globe. Therefore, the growing support from various individuals and corporations fuels the emergency and other relief services market.
Key Topics Covered:
1. Executive Summary
2. Emergency and Other Relief Services Market Characteristics
3. Emergency and Other Relief Services Market Trends and Strategies
4. Impact of COVID-19 on Emergency and Other Relief Services
5. Emergency and Other Relief Services Market Size and Growth
5.1. Global Emergency and Other Relief Services Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Emergency and Other Relief Services Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Emergency and Other Relief Services Market Segmentation
6.1. Global Emergency and Other Relief Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Food
- Shelter
- Medical Assistance
- Others
6.2. Global Emergency and Other Relief Services Market, Segmentation by Category, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Short-term Assistance
- Deferred Assistance
- Long-term Assistance
7. Emergency and Other Relief Services Market Regional and Country Analysis
7.1. Global Emergency and Other Relief Services Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Emergency and Other Relief Services Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Companies Mentioned
- The International Federation of Red Cross and Red Crescent Societies (IFRC)
- International Disaster Emergency Service: Direct Relief
- The Salvation Army
- The American National Red Cross
For more information about this report visit https://www.researchandmarkets.com/r/yu0mi5
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