Bahrain Car Rental Market Outlook to 2027F: Ken Research

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What Is The Size Of Bahrain Car Rental Industry?

Bahrain Car Rental market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F. The Bahrain Car Rental Market is largely driven by favorable government policies and rising tourism in the country.

Bahrain’s keenness to develop the ICT infrastructure and adopt many initiatives and projects to improve the readiness and security of information, in a way that enhances its advanced world-standard digital infrastructure and contributes to protecting its cybersecurity. The Kingdom is one of the leading countries in the region in the field of cybersecurity. It has launched the necessary initiatives and set up the basic rules of cybersecurity to put in place a robust and sustainable electronic environment.

The new infrastructure plans by government, will work to improve air quality and reduce traffic in the Kingdom. According to a study conducted by Pub Med Central, Bahrain has a high annual concentration of PM 2.5, and now citizens are starting to become aware to the health risks associated with air quality. According to UN Environment, reducing emissions from transport is a critical factor in decreasing air pollution in the Kingdom of Bahrain. Transport in Bahrain relies heavily on roads, with private cars being the most dominant mode of transportation, which is expected to fuel the car rental market in Bahrain.

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Bahrain Car Rental Market By Market Structure

The Bahrain Car Rental market is segmented by market structure into organized and unorganized market. There is a preference towards the organized sector as most of the tourists look for legal documents and certifications of the vehicle to avoid security patrolling for safety measures.

Bahrain Car Rental Market By Type Of Vehicles

The Bahrain Car Rental market is segmented by type of vehicles into small cars/ hatchbacks, sedans, SUVs and others. The SUV has the highest market share among other types of vehicles in the Bahrain Car Rental Market in 2022.

Bahrain Car Rental Market By End-User Type

The Bahrain Car Rental market is segmented by End-User into Self-Driven and Chauffeur. There is a preference towards the Self-Driven vehicles as they getting popular and still chauffeur still hold the most of the market share.

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Bahrain Car Rental Market By Vehicle Type

The Bahrain Car Rental market is segmented by Vehicle type into Economy Cars and Luxury Cars. Economy cars segment dominates the Bahrain Car rental market in 2022.

Bahrain Car Rental Market By Mode Of Booking

The Bahrain Car Rental market is segmented by mode of booking into online and offline. Online mode of booking is more as compare to offline as it is quick and have more options. Also, tourist from other countries who don’t know to location can also easily book their cars online.

Competition Scenario In Bahrain Car Rental Market

In Bahrain Car Rental Market there are limited players operating in the overall market, and top players accounted ~% share in the market in terms of revenue. The major parameters on which these players complete includes increasing demand for car rental services from tourists, business travelers, and locals, introduction of new technologies such as AI and the increasing number of hotels and restaurants.

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What Is The Expected Future Outlook For The Overall Bahrain Car Rental Market Across The Globe?

The Bahrain Car Rental market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Bahrain Car Rental market is driven by favorable government policies and rising tourism in the country. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

The Kingdom of Bahrain has seen a massive growth in population from 1.5Mn in 2017 to 1.52 Mn in 2022 which has led to a remarkable increase in the number of vehicles and expansion of road networks, according to WHO. BTEA has announced launch of special travel packages to welcome GCC tourists, in collaboration with tourist partners which will increase the requirement of rental cars.

The Bahrain Tourism and Exhibitions Authority (BTEA) has announced the launch of special travel packages to welcome GCC tourists, in collaboration with tourism partners. BTEA Chief Executive Officer said that the launch of the packages coincides with the Bahrain Festive Season this December, during which BTEA has prepared a program filled with festivals and events. The tourism packages will grant GCC nationals and residents the opportunity to visit Bahrain with special rates for hotel reservations, access to sightseeing activities tailored to their budget, and entry to various events.

Self-drive, a UAE car rental tech platform is expanding to Qatar and Bahrain due to increase adoption of digital car rental market. Seamless customer experience and range of product offerings will be required. The enhance infrastructure cooperation, Bahrain and Saudi are committed to cooperate in developing infrastructure, road services etc. All these factors are leading to rise in demand for rented cars in Bahrain.

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Bahrain Car Rental Market

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Vietnam Car Rental Market Outlook to 2027F

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Future Outlook of Egypt Car Rental Market: Ken Research

 What Is The Size Of Egypt Car Rental Industry?

Egypt Car Rental market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F.

The Egypt Car Rental Market is largely driven by boost in tourism sector in Egypt, increasing trend for On- Demand services, rising internet penetration along with government initiatives on infrastructure and electric vehicles.

In recent years, the impact of technological advancements has revolutionized the industry. The increasing use of smartphone-based online rental car booking apps is significantly contributing to market growth. With the help of online booking mobile applications for the convenience of customers, companies in the market have been able to capture a large customer base.

The Egypt car rental market is currently expanding. The pandemic has caused a precipitous drop, which has had a negative impact, but with the reopening of the travel industry, the tourism sector is expected to grow with the inflow of tourists.

The pandemic had a negative impact on market growth due to a halt in activities as a result of the lockdowns and travel and transportation restrictions imposed by the Egypt government to combat the spread of the coronavirus. Furthermore, as the tourism industry, both international and domestic, suffered a significant blow as a result of the pandemic, demand for car rentals decreased, as car rental services are widely used by tourists.

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Egypt Car Rental Market By Market Structure

The Egypt Car Rental market is segmented by market structure into organized and unorganized market. There is a preference towards the organized sector as most of the tourists look for legal documents and certifications of the vehicle to avoid security patrolling for safety measures.

Egypt Car Rental Market By Type Of Vehicles           

The Egypt Car Rental market is segmented by type of vehicles into small cars/ hatchbacks, sedans, SUVs and others. The SUVs has the highest market share among other types of vehicles in the country as most of the region is desert and major tourist spot in the country is also located in the desert area.

Egypt Car Rental Market By Ice/Ev

The Egypt Car Rental market is segmented by ICE/EV into ICE (internal combustion engine) and electric vehicles. There is a preference towards the ICE vehicles as they have been very common and EVs are new concept and they are expensive also.

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Egypt Car Rental Market By Cities

The Egypt Car Rental market is segmented by cities into Cairo, Alexandria, Giza, Qalyubia, Port Said and Suez. Cairo has the most market share in car rental in Egypt as compare to other cities.

Egypt Car Rental Market By Mode Of Booking

The Egypt Car Rental market is segmented by mode of booking into online and offline. People preferred online mode more as compared to offline as it is efficient, fast and offers more options.

Egypt Car Rental Market By Duration

The Egypt Car Rental market is segmented by Duration into Long and Short. Long hold most of the market share as travel agencies rent cars for longer period for their businesses.

Egypt Car Rental Market By Pick-Up

The Egypt Car Rental market is segmented by pick-up into on-airport and off-airport. On-airport holds the market share in Egypt Car Rental Market as people wants to get picked from the airport.

Competition Scenario In Egypt Car Rental Market

Egypt’s Car Rental Market is a moderately consolidated market which is still in the growing phase. With increasing tourism in the country and more internet penetration in rural areas are the major reason for the entrance of the new players. Sone of the major players in the Egypt car rental market are Kayak, Sixt, Europcar, Avis Rent a Car System, LLC, Locanfy, Bikebookig.com.

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What Is The Expected Future Outlook For The Overall Egypt Car Rental Market Across The Globe?

The Egypt Car Rental market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Egypt Car Rental market is driven by boost in tourism sector in Egypt, increasing trend for On- Demand services, rising internet penetration along with government initiatives on infrastructure and electric vehicles. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

The Egypt Car Rental Market will expand in the coming years as a result of the increased focus of car rental companies on corporate clients, an increase in foreign travelers. With this trend, the inflow of investments will increase in the future. For Instance, Zoomcar, the world's largest emerging market focused car sharing marketplace, is looking to double its investments in Egypt in the coming three years.

The government's initiative will attract tourism in the country and is expected to contribute to the overall market growth. With the announcement of the Red Sea Bridge which will join Saudi Arabia and Egypt will a become a major growth booster for the car rental market in the Egypt as the majority of the business in car rental market is derived by the trading companies. The bridge connecting Saudi Arabia with Egypt will boost trade between the two countries. Both the countries have signed 17 agreements to enhance bilateral ties.

Furthermore, the share of EVs is expected to increase many folds, as Egypt plans to shift to electric mobility and plans to begin subsidizing electric vehicle. On the infrastructure side, the government is working on plans to establish a nationwide charging network. In other efforts to advance the industry, Egypt’s House of Representatives just gave its final approval to a bill that will establish a new regulatory body to set policy for auto assembly in the country, including EVs, and provide financial incentives for manufacturers which is expected to boost the Car Rental market in Egypt.

For More Insights On Market Intelligence, Refer To The Link Below: –

Egypt Car Rental Market Outlook to 2027F

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Netherlands Car Rental Market Outlook to 2027F

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Future Outlook of Bahrain Remittance Market: Ken Research

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What is the Size of Bahrain Remittance Industry?

Bahrain Remittance market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F. The Bahrain Remittance Market is largely driven by the increasing inflow of expatriates, digitization, e wallets and major government investments.

Bahrain has been an expat hotspot for decades because of multi-cultural environment and a progressive nation which is known to offer a good quality of life to its residents. With the recent economic and political reform, the country has seen a tremendous growth in infrastructure development, thus creating more job opportunities and an attractive destination for expatriates. With the increasing inflow of expatriates also increases the inflow of remittance to other countries, thus fueling the Bahrain remittance market.

With the adoption of ‘cloud-first’ policy in 2017 by the Bahrain Government, the Country has attracted some of the world’s leading tech players to set up operations in the Kingdom. Most notably, cloud computing giant Amazon Web Services (AWS) launched its hyperscale Cloud Region in Bahrain in 2019, its first in MENA and a landmark investment.

Furthermore, the government has planned to invest billions of dollars to improve infrastructure, industry, housing and connectivity to call for more diverse economic base.  As part of Bahrain’s 2021 Economic Recovery Plan, Bahrain announced over 22 strategic infrastructure projects worth over $30 billion, which has fueled the Remittance market of Bahrain.

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Bahrain Remittance Market In International Inbound By Channel

The Bahrain Remittance market is segmented by Channel into Banking Channels, MTOs, M-Wallet and Others. Banking Channels were the most dominant form of channel used in Bahrain Remittance market in 2022.

Bahrain Remittance Market By Inflow Of Countries

The Bahrain Remittance market is segmented by Inflow of Countries into India, Pakistan, Bangladesh, Sri Lanka, Egypt and Indonesia. Indonesia was the most dominant among others followed by India and Pakistan in 2022.

Bahrain Remittance Market In International Outbound By Channel

The Bahrain Remittance market is segmented by Channel into Banking Channel, MTOs, M-Wallets and Others. Banking channel was the most preferred form of channel in 2022 in Bahrain Remittance market.

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Bahrain Remittance Market International Outbound By Outflow Countries

The Bahrain Remittance market is segmented by outflow countries into India, Pakistan, Bangladesh, Sri Lanka, Egypt and Indonesia. Indonesia held the major market share in Bahrain International Outbound Remittance market in 2022.

Bahrain Remittance Market By Point Of Contact

The Bahrain Remittance market is segmented by Point of Contact into Branch Pick-up, Mobile payment & Online Transaction and Prepaids cards. Branch Pickups held the majority of the share in the Bahrain Remittance market in 2022.

Competition Scenario In Bahrain Remittance Market

Bahrain Remittance Market is in the growing stage, consisting of limited players (banks and digital payment companies) with just few companies acquitting the major portion of the market. Bahrain international remittance market is fragmented with the manifestation of small, medium and large corporations. Some of the major players in the Bahrain Remittance market are Western Union, MoneyGram, Al Barka Bank etc.

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What Is The Expected Future Outlook For The Overall Bahrain Remittance Market Across The Globe?

The Bahrain Remittance market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Bahrain Remittance market is driven by the increasing inflow of expatriates, digitization, e-wallets and major government investments. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

Government has ambitious plans to use digital technologies extensively to strengthen its services, processes, and decision making, as well as its ability to share data with constituents. There is specific emphasis on improving the individual organizational capabilities of Government entities by aligning their digital strategies with the national Digital Government Strategy 2020, strengthening the governance mechanisms, enabling a digital workforce, reinforcing agile development and analytical platforms while deploying robust cyber security measures and controls which will led to increase employment in the digital sector, thus fueling the inflow of workers in the country.

The inbound remittance is expected to showcase a CAGR close to ~% and the outbound remittance is anticipated to showcase a CAGR close to ~% by value of transactions USD ~Mn. The government's infrastructure development operations are likely to enhance job possibilities in the country in the upcoming years. The majority of these positions are likely to be in the country's flourishing private sector, resulting in a considerable rise in the number of expatriates in the country. This will undoubtedly have a significant impact on rising remittance inflows and outflows, which are highly influenced by the country's expatriate community. The domestic remittance sector will also see a rise in the future with the increasing digital money transfer company.

For More Insights On Market Intelligence, Refer To The Link Below: –

Bahrain Remittance Industry

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MENA Remittance Market Outlook to 2027

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Generating a revenue of USD 87 Bn in 2027 via improving trade relations, Indonesia’s Freight Forwarding market provides a strong hand for the country’s Logistics Market: Ken Research

 A strong ecosystem alongside an improving export-import scenario are two of the major factors responsible for the growth of Indonesia’s Freight Forwarding market, says a report by Ken Research

1. With trade surplus of $35.34 Bn, Indonesia’s Export-Import scenario is a decent fit for its Logistics Market.

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The growing export-import activities are the key factor driving the freight logistics market growth in Indonesia. As a result of higher oil prices, rising industry demand, and businesses expanding operations, imports increased by 30.85% (YOY) to USD 21.97 billion in March 2022, driven mostly by a rise in raw materials and capital goods. In November 2021, exports reached a record high of USD 22.84 Bn, while imports reached a record high of USD 21.35 Bn.

Rising global commodity prices are expected to have a positive impact on Indonesia's trade during the forecast period, as rising prices of export commodities such as coal and CPO outweigh rising costs of imports, especially crude oil. As of March 2022, China remains Indonesia's largest export destination, with non-oil and gas exports worth her USD 5.48 billion. Therefore, increasing import and export activities in the country will increase the demand for supply chain and logistics improvements, driving the growth of the Indonesian freight logistics market during the forecast period.

2. “Technology to the Rescue:” Efficient Freight Matching, Better Profitability, Smarter Operations and Greater Service Quality are some of the benefits of Digital Freight Aggregator Platforms.

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Technology options such as Efficient Freight Matching, better profitability, smarter operations & greater service quality serve as a major benefit for Indonesia’s Logistics market. A major benefit of Digital Truck Aggregator Platforms is that they have a large Shipper and Trucker Base and offer services such as Freight Listing, Freight Brokerage and Online Transactions to earn revenue. Furthermore, digital Truck aggregator platforms are reshaping the trucking industry in Indonesia by increasing operational efficiency, reducing costs & increasing profitability.

Major Players Mentioned in the Report:

Indonesia Freight Forwarding Market

• DHL
• JAS
• DSV
• Agility
• Lotte Global Logistics
• Bollore Logistics
• Linfox
• Cargo
• Pancaran Group
• Samudera Shipping
• Hiba Group
• Ironbird Logistics
• Kargo
• BGR

Indonesia Warehousing Market

• BGR
• Toll
• Supra
• Ironbird
• Punnar Logisitcs
• Linc

Indonesia CEP Market

• JNE
• J&T Express
• POS
• Ninja Express
• Paxel

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

• E-commerce Companies
• Third-Party Logistic Providers
• Potential Market Entrants
• Freight Forwarding Companies
• Warehousing Companies
• Cold Storage Companies
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

• Historical Period: 2017-2021
• Base Year: 2021
• Forecast Period: 2021-2027

For more insights on the market intelligence, refer to below link:-

Indonesia Semi-Automated Warehouse Market

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With Clean Energy & digitalization trends in place, massive investment inflow alongside a growth rate of 11% is being anticipated for Africa’s Data Center & Cloud Services Market. Are Policy Reforms the way ahead? : Ken Research

 Africa’s Data Center & Cloud Services market is experiencing a series of digitalization & clean energy reforms with companies anticipated to expand their market share in the upcoming years, says a report by Ken Research

1. “Digitalization as a boon:” African economy has seen a massive breakthrough in terms of digitalization attracting a massive investment inflow.

Recent Trends in African Data Centre Market

In the last couple of years, South Africa has attracted data center infrastructure investments from big tech companies like Google, Amazon, Microsoft, and Oracle, as well as other data center infrastructure companies like Teraco, Africa Data Centers, and Convergence partners. Most of the development is the market is being carried out of as a result of rapid digitalization which means that tons of data is being produced, driving up the demand for public cloud facilities and hyper-availability zones. Companies like Amazon & Microsoft were amongst the first to recognize the massive opportunity in 2019, utilizing local data facilities to power their public clouds in South Africa. Today, over 80% of the space in these facilities is used by these public cloud providers, or hyperscalers as they are known.

2. Clean energy is becoming the trend with African companies opting to integrate clean energy sources.

A new trend has emerged in the African Data Centre market with companies opting for clean energy technologies. Africa Data Centers has a target to power all its data centers with clean, zero-carbon sources of energy. “This new deal will provide over 30% of our South African data centers with renewable energy, a great stride forward in our aim to reach carbon neutrality.”

DPA is a pan-African renewable energy company with key operations in South Africa, Kenya and Zimbabwe whose vision is to power Africa to a brighter future. Commenting on the partnership Norman Moyo, CEO of DPA, said: “Our customers are looking for cost-effective and efficient ways of meeting their green targets and reduce energy costs for their businesses in a climate of increased power shortages. We are excited to embark on this milestone project with Africa Data centers as it will demonstrate our innovation in deploying renewable energy solutions.”

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Time Period Captured in the Report:

• Historical Period:2017- 2022
• Base Year: 2022
• Forecast Period: 2022-2027

Key Target Audience:

• Hospital
• ASC
• Consulting service Providers
• Government
• IT Service providers

Companies Covered:

• Interkel
• NTT Global Data Center
• African data Centers
• Paratus Namibia
• MainOne
• IX Africa
• Icolo

For more insights on market intelligence, refer to the link below: –

Africa Data Center and Cloud Service Market

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What Is The Size Of Belgium Agriculture Machinery Industry?

 Belgium Agriculture Machinery market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F.

The Belgium Agriculture Machinery Market is largely driven by rising awareness for the advance equipments, increasing demand for agriculture equipment rental services, use of smart farming, integration of Agriculture 4.0 along with strong government support.

The Government of Flanders (Belgium) has signed new agreement with the Food and Agriculture Organization of the United Nations (FAO) to bolster the implementation of the new phase (2022P-2025) of FAO’s Flexible Voluntary Contribution (FVC), which is expected to boost the Belgium Agriculture Machinery market.

Agricultural equipment rental service is being driven mostly by the need to ease farmers' financial burdens rises due to pandemic and to provide better equipment to the farmer for better yield and productivity to meet the market demand and provide a quality product.

Also, Larger farming tools like tillage equipment, mower conditioners, and forage harvesters are not only more expensive but also take longer to produce the required outcomes. As a result, renting farm equipment is offering a better alternative to farmers, thus fueling the Belgium agriculture equipment market.

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Belgium Agriculture Machinery MARKET by Product

The Belgium Agriculture Machinery market is segmented by Product into Tractors, Combine Harvesters, Agriculture Implements and Rice Transplanters. Combine harvesters held the largest market share in the Belgium agriculture machinery market in 2022.

Belgium Agriculture Machinery MARKET by Tractor

The Belgium Agriculture Machinery market is segmented by Tractors into 8HP – 15HP, 20HP – 35 HP, 36HP – 47HP, 48HP – 75HP, 75HP – 100HP, 100HP – 120HP and Above 120 HP.  75Hp – 100Hp were the most preferred tractors in the Belgium agriculture machinery market in 2022.

Belgium Agriculture Machinery MARKET by COmbine Harvesters

The Belgium Agriculture Machinery market is segmented by Combine Harvesters into 70HP and below, 75HP – 105HP and Above 105 HP. 75 Hp – 105HP combine harvesters were the most preferred one according to their crops in 2022.

Belgium Agriculture Machinery MARKET by rice transplanters

The Belgium Agriculture Machinery market is segmented by Rice Transplanters into 4 Row RT, 6 Row RT and 8Row RT. 6 Row RT was the dominant rice transplanters followed by 8 Row RT in Belgium agriculture machinery market in 2022.

Competition Scenario in Belgium Agriculture Machinery Market

Belgium Agriculture Machinery Market is a moderately consolidated market which is still in the growing phase. With Increasing innovation in agriculture sector, integration of Agriculture 4.0 and use of smart farming are some of the factors that will drive the Belgium Agriculture Machinery Market. Some of the major players in the Belgium Agriculture Machinery Market are MTZ (Minsk Tractor Factory), New Holland, ASI, Oliver Farm Equipment Company and John Deere etc.

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What is the Expected Future Outlook for the Overall Belgium Agriculture Machinery Market Across the globe?

The Belgium Agriculture Machinery market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Belgium Agriculture Machinery market is driven by rising awareness for the advance equipments, increasing demand for agriculture equipment rental services, use of smart farming, integration of Agriculture 4.0 along with strong government support. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

The development of cutting-edge technologies is leading to a wide range of notable applications, including crop health monitoring, crop productivity analysis, soil nutrition management, rainfall monitoring, and pest infestation monitoring, which is opening up numerous opportunities for farmers, consumers, and other stakeholder

to increase crop yield and quality. The development of decision support tools, remote monitoring and fertilizing systems, and automated irrigation systems as a result of increased research and development efforts is assisting businesses in reducing costs and maximizing employee productivity. Further drawing significant attention and investment, these cutting-edge technologies have the potential to increase food production while reducing environmental harm.

Furthermore, with the use of Agriculture 4.0 in Belgium agriculture market which includes systems that employ drones, robotics, vertical farms, artificial intelligence, and solar energy, among others which will enables farmers and companies to Integrate digital technology into farming practices which will increase their yields, reduce costs associated with farming, minimize crop damage and optimize usage of fertilizers, water, and fuels. This is also expected to reduce cost and provide high-quality food which will fuel the growth in the agriculture machinery market in Belgium in the upcoming years.

For more insights on the market intelligence, refer to the link below: –

Future Outlook of Belgium Agriculture Machinery Industry

How Is Asia Pacific Expected To Shape The Future Outlook Of Global Logistics And Warehouse Market In Next 5 Years? Will The Global Market Reach Valuation Of $1 Trillion By 2028: Ken Research

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Global Logistics and Warehouse Market Ecosystem

The Global Logistics and Warehousing Market are highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Logistics and Warehousing. Some of the major players in the market include Deutsche Post DHL Global, XPO Logistics, Ryder System Inc, NFI Industries Inc, Americold Logistics, FedEx Corporation, Lineage Logistics, NF Global Logistics Ltd, APM Terminals, DSV Panalpina AS, MSC Mediterranean Shipping Co. SA

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• Large swings in consumer demand & domestic goods consumption has created resilience against COVID-19 downfall.
• Global exports to China significantly increased in 2021 due to rattling exports of dairy and wood products.
• Demand for Pharmaceutical products along with FMCG and Food products during the COVID-19 pandemic contributed to the high growth of Land Transportation during 2020.

1. Evolving digital technology solutions

• Key warehouse market trends identified by our research include the ability of warehouse service providers to update their value chain procedures via the usage of developing digital technology solutions.
• The growth of corporate software programmes and cloud-based product lines has enabled warehouse service providers to better manage their inventory and test out an on-demand service model for customers to meet the demands of seasonal markets.
• By minimising inventory errors, enhancing resource productivity, assuring end-to-end system transparency, and giving accurate inventory projections for smart demand management, the adoption of digital technology may also help warehouse organisations overcome operational challenges.

Click to know more: Growth Drivers in Logistics and warehousing Industry

2. Big Data is developing reliable warehouse and logistics operations.

• The largest success story for big data in the logistics sector may well be UPS.
• The business has significantly improved operational effectiveness and cost savings through data collecting, analysis, and demand forecasting.
• Around 200 onboard sensors in 80,000 cars track things like speed, braking, location, and idle time.
• Several of the sensors gather diagnostic information on the battery and tyre pressure of the car, enabling preventive maintenance. The objective is to reduce the amount of time a vehicle spends in the shop.

3. Present era, Asia-Pacific dominates the global market for warehouse and storage services.

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Asia-Pacific now holds the largest market share in the world for warehouse and storage services, and it is predicted that over the projected period. Due to the region's high perishable food consumption, refrigerated warehousing techniques are more necessary. Throughout the predicted shelf life of these food products, there will likely be a substantial increase in the number of food and beverage enterprises manufacturing a wide variety of perishable food goods and frozen foods. As part of its warehousing solutions development into the Asia-Pacific region, Rhenus Logistics announced in 2019 that it now provides end-to-end logistics solutions to India, Greater China, Hong Kong, the Philippines, Thailand, Singapore, Malaysia, and Vietnam.

Analysts at Ken Research in their latest publication “Global Logistics and Warehousing Market Outlook to 2028- Driven by the Rising Demand from Manufacturing, F&B, Retail, and other industries along with increasing Government Initiatives to Strengthen the Logistics Infrastructure” observed that Global Logistics Market is in a growing phase. Increasing demand for food, beverages, and manufacturing products in Global and Government support to improve transport facilities are some of the factors that will contribute to the Global Logistics market growth over the period of 2023-2028. It is expected that Global Logistics Market will grow at a positive CAGR for the above-forecasted period.

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Global Logistics Market

The Global Gym Industry Has a Growth Rate Of around 8.5% Per Year in The Upcoming Years, Making It One of the World’s Fastest-Growing Sectors - Ken Research

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The Global Fitness Services Market is fragmented and has high intensified competition within industry players. Top players such as LA Fitness, Life Time Fitness, 24 Hour Fitness, and Anytime Fitness are the key players in Global Fitness Services Market. The market is largely driven by growing awareness about importance of health, the rising disposable incomes worldwide.

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1. The pandemic helped the global fitness app market reach a valuation of nearly $4 billion in 2020.
Fitness Apps Such as Fitbit Cure. Fit and Home Workout and Others are Enabling the Fitness Market to grow more in the coming years. The advent of fitness apps has played a key role in the increased popularity of exercising throughout the nation. This has encouraged health awareness and exercising to become an essential trend, which has been burgeoning among people in the world. The market size of the fitness industry in world reached more than USD 200 billion in 2021, with a robust CAGR.

2. There Are More Than 180 Mn Gym Members in Total Worldwide: Showing Growing Health Awareness Amongst the People.

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Fitness industry is growing to be biggest in the world as more and more people are increasingly taking up gym membership in lieu of growing health awareness and stress management. During the forecast period, the increasing sense of health-consciousness amongst the consumers is expected to stimulate the demand for taking fitness services.

3. There Are More Than 200,000 Gyms Available to Members Worldwide.

Fitness clubs provide customers with the infrastructure for their workouts and physical activity in exchange for a membership fee. The market size of the global fitness industry has been steadily increasing in recent years. Some of the largest health clubs worldwide in terms of revenue include 24 Hour Fitness and Life Time Fitness. At the very top of this list sits LA Fitness, which generated revenue exceedingly around 2 billion U.S. dollars in 2018. Moreover, the country with the most gyms is the United States with 41,370 locations. Brazil has the 2nd most gyms with around 29,000 and Mexico has the 3rd most with around 12,000.

For more insights on market intelligence, refer to the link below: –

Global Fitness Service Market

Global Industrial Packaging market is growing at a double digit CAGR in 2017-2022 and is expected to reach USD ~ Bn by 2027 – Ken Research

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What Is The Size Of Global Industrial Packaging Industry?

The Global Industrial Packaging Market is largely driven by changing demand for sustainable and recyclable industrial packaging products keeping in view the health and environmental issues.

Global Industrial Packaging Market is at a growing stage. It is a fragmented market with the presence of many packaging companies. The packaging market has seen emergence of abundant players in the past 5 years and the industry will further boost owing to the needs and wants of consumers for a more personalized learning platform.

Few major global Industrial players are WERIT Kunststoffwerke W. Schneider GmbH & Co, Mondi Plc, Greif Inc, Mauser Packaging Solutions, WestRock Company. The high growth rate can be attributed to many middle-income groups in developing countries like India, a preferred market for vendors.

An increase in awareness and lifestyle changes is the fundamental driver of Packaging market growth. Customers are more likely to remain loyal when their needs are customized. Depending on the size, texture, color, and design of the beverage packaging, the packaging solutions can be customized.

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Global Industrial Packaging Market by product type

The Global Industrial Packaging market is segmented by product type. Corrugated boxes were the most dominant form of provider used in the global beverage market in 2022.

Global Industrial Packaging market by kind of material

The Global Industrial Packaging market is segmented by kind of material into Plastic, Wood, Metal, Paperboard and Others. Paperboard was the most dominant in 2022.

Global Industrial Packaging Market By End User

The Global Industrial Packaging market is segmented by End User into Food & beverage, Automotive, Pharmaceutical, Chemical, Oil & Lubricant, Building & Construction, Others. Food & beverage was the most preferred form of course in 2022 in Global Industrial Packaging market.

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Global Industrial Packaging Market By Region

The Global Industrial Packaging market is segmented by Region into North America, Europe, Asia Pacific, Middle East & Africa and South America. Asia Pacific held the major market share in Global Industrial Packaging market in 2022.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Packaging Machinery Manufacturers
• Packaging Machinery Investors
• Packaging Machinery Providers
• Packaging Machinery Suppliers
• Packaging Machinery Components Suppliers
• Allied Industries of Packaging Machinery
• Government Ministries and Departments of Engineering Industry
• Packaging Machinery Research and Development Companies
• Potential Entrants into Packaging Machinery Industry

Time Period Captured in the Report

• Historical Period: 2017-2022
• Base Period: 2022
• Forecast Period: 2022-2027

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Global Industrial Packaging Market

Exide industries: Assumed Li-ion Battery Business Shines with Rs1700 Crore Revenue – Ken Research

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Exide Industries, a prominent player in the storage battery market, confidently asserts its substantial lead over competitors in the lithium-ion battery business. To solidify its position, the company established a wholly-owned subsidiary called Exide Energy Solutions in 2022, anticipated to commence operations by the end of FY25, the cell manufacturing factory represents a significant investment of ~Rs4000 crore in its initial phase.

The current order book for the Exide industries module and pack making facility amounts to ~600-700 crore. These orders are expected to be fulfilled within the next 12-15 months. The company is geared up to execute these orders efficiently, ensuring timely delivery and meeting customer requirements.

1. Joint Venture: A Game-Changing Move?

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In a strategic move to enter the lithium-ion battery systems and energy solutions sector and tap into India's electric vehicle market, the company established a joint venture with Leclanché SA, headquartered in Switzerland. The joint venture has come into market in June 2018, the joint venture has been actively involved in manufacturing lithium-ion battery modules and packs in Gujarat. Nexcharge has so far invested INR~2.5 Bn in building and setting up the plant which has also have cell testing lab.

2. Will Exide Industries Benefit from Governmental Reforms?

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The Central Government recently approved a PLI scheme on such batteries. The scheme outlay of Rs 18,100 crore is intended to establish 50 Giga Watt Hour (GWh) of advanced cell chemistry and 5 GWh of niche advanced cell chemistry. Exide is currently rising the game by setting-up a green-field multi-gigawatt lithium-ion cell manufacturing unit in Karnataka. The total estimated cost for the project is INR 6000 Cr.

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India EV lithium battery Market