Australia Catering Services Market Trends, Revenue, Outlook To 2027F: Ken Research

 What is the Size of Australia Catering Service Industry?

Australia Catering Service market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F.

The Australia Catering Service Market is largely driven by changing lifestyle and the increase in adoption of new Technology.

The Australia Catering Service Market is largely driven by adoption of new technology and changing lifestyles. There has been a change in the demand for catering services in recent years, supported by the quickly developing business-to-business (B2B) events sector and food and beverage services being offered at a growing number of corporate events. Furthermore, the market for catering services is growing because of factors including hectic lifestyles and difficulties associated with cooking.

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Major operators of catering businesses are investing in mobile apps, digital kiosks, tableside ordering systems, and dedicated pick-up areas or drive-thru lanes for mobile orders.  Due to the nation's rising veganism trend, eateries in Australia are reorienting their menus to include healthier choices including plant-based, locally produced and fresh cuisine.

The growing preference among customers for fresher, healthier foods is boosting the Australia catering services market. The catering service operators have shifted their emphasis towards providing healthier meals made in-house using fresh ingredients. The market is expanding because of the increased focus on implementing technology to enhance the customer experience and minimize time spent waiting for food.

Australia Catering Service Market By Type

The Australia Catering Service market is segmented by Type into Contract catering and non-Contract catering. Contract Catering type was the most dominant type in Australia Catering Service market in 2022.

Australia Catering Service Market By Length Of Contract

The Australia Catering Service market is segmented by Length of Contract into Short-Term, 1 year and more than 1 year.

The contract catering services in Australia were mainly dominated by 1 yearlong contract as they accounted for majority of the share of the catering contracts revenue in 2022 as the customers initially look for good quality catering service. Once satisfied with the services, they tend to renew the contracts after 1 year.

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Australia Catering Service Market By End-User

The Australia Catering Service market is segmented by End-User into Industrial, Government, In-Flight, Corporate, Education, Event, Healthcare and Others. The flight and airport sector has accounted for the maximum share of the revenue in 2022. This sector is driven by the rising expectations of all the passengers to have healthy nutritious food and the growing number of flyers.

Competition Scenario in Australia Catering Service MARKET

Australia Catering Service Market is in the growing stage, consisting of many players with just few companies acquitting the major portion of the market. Australia Catering Service market is fragmented with the manifestation of small, medium and large corporations. Some of the major players in the Australia Catering Service market are Sirrom Corporation, Nisbet Australia, Alpha Flight Services, Life’s a party group, Compass Group, Sodexo Australia etc.

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What is the Expected Future Outlook for the Overall Australia Catering Service MARKET?

The Australia Catering Service 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 Australia Catering Service market is driven by changing lifestyle and the increase in adoption of Technology. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

The Australia Catering Services Market is projected to show significant growth. It is expected to be driven by the demand for healthy food and the convenience of delivering with the development of the hospitality sector. Growing health consciousness such as being vegan and eating green food is affecting an individual’s order pattern which is one of the major driving forces creating demand for catering services in the country.

Moreover, favorable government regulations are also expected to facilitate the catering business in the country. The expansion of foreign tourists in the country increases the in-flight services of the catering business which is further increasing the market.

In addition, hotels and restaurants are developing novel catering services, which are expected to fuel the catering service industry.

The market for catering services is expected to grow because of factors including hectic lifestyles and difficulties associated with cooking at home. Also, hotels and restaurants are coming up with innovative catering services, which are expected to fuel the catering service industry. The market will also expand because of the increased focus on implementing technology to enhance the customer experience and minimize time spent waiting for food. Specialized catering services are increasing in demand as global multinational corporations are quickly expanding in emerging regions of Australia.

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Australia Catering Services Market Outlook To 2027F

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What Is The Size Of Australia Lubricant Industry?

The Australia Lubricant Market is largely driven by rapid growth in industrialization and infrastructural developments, rising private & government investments and cost-effective manufacturing operations. The lubricant market in Australia has experienced growth over the years, primarily driven by the expanding automotive, industrial, and manufacturing sectors.

The growth of Australia's industrial and manufacturing sectors is leading a higher demand for lubricants, particularly for use in machinery and equipment. In addition to that, Australia's strong mining and construction sectors are contributing a major demand for lubricants in the heavy-duty machinery and equipment used in these industries.

The Australian government is also playing a major role in shaping the lubricant market through policies and regulations related to quality standards, pricing, and importation of lubricants. The Australian Competition and Consumer Commission (ACCC) enforces regulations that protect consumers and ensure fair competition in the market.

Furthermore, as awareness of the importance of high-quality lubricants and their environmental impact grows, Australian consumers are gradually shifting towards better-quality, environmentally friendly lubricants, thus fueling the growth in the market.

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Australia Lubricant Market By Type

The Australia Lubricant market is segmented by Type into Industrial Lubricant and Automotive Lubricant.

Australia Lubricant Market By Grade Of Lubricant

The Australia Lubricant market is segmented by Grade of Lubricant into Mineral, Semi-Syntenic and Synthetic.

Australia Lubricant Market By End Use Of Industrial Lubricant

The Australia Lubricant market is segmented by End Use of Industrial Lubricant into Construction and Mining, General Manufacturing, Metal Production, Power Generation, Food Processing and Others (Agriculture, Medical, etc.)

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Australia Lubricant Market By Type Of Industrial Lubricant

The Australia Lubricant market is segmented by type of industrial lubricant into Hydraulic Fluid, Grease, Gear Oil, Metalworking Fluid and Others (Turbine Oil, Compressor Oil, etc.)

Australia Lubricant Market By Industrial Distributional Channel

The Australia Lubricant market is segmented by Industrial Distributional Channel into Dealer Network and Direct Sales.

Australia Lubricant Market By End Use Automotive Lubricant

The Australia Lubricant market is segmented by End Use of Automotive Lubricant into Commercial Vehicles, Passenger Cars, Motor Cycles, Marine and Others (Aviation, Railways, etc.)

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

• Infrastructure and Real Estate Companies
• Mining Companies
• Government Entities
• Construction Companies
• Oil and Gas Companies
• Automotive lubricants manufacturers and other stakeholders
• Automotive OEMs

Time Period Captured in the Report

• Historical Year: 2017-2021
• Base Year: 2022
• Forecast Period: 2023F– 2027F

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Australia lubricants market

4 Catalyst to growth in Vietnam Pharmaceutical Market: Ken Research

 Storyline

• Vietnam's growing affluent class and population of over 98 Mn have led to increased expenditure on medicines, reflecting a high paying capacity for healthcare.
• The country is undergoing a demographic shift, with an aging population expected to reach over 20% by 2038 and approximately 25% by 2049, further driving the demand for pharmaceutical drugs.
• The Vietnamese government has implemented proactive measures to enhance the healthcare system and pharmaceutical industry, including regulatory strengthening, streamlined drug registration processes, and support for domestic pharmaceutical production.
• Specialty drugs are in high demand due to the rising prevalence of chronic diseases like cancer and diabetes, offering targeted therapies and improved outcomes for patients amidst Vietnam's epidemiological transition.

Introduction

With a population of over 98 Mn and a growing affluent class, Vietnam's Expenditure on Medicines has risen significantly, showcasing its high paying capacity for healthcare. The country's aging population further contributes to the demand for pharmaceutical drugs. To address these needs, the Vietnamese government has implemented healthcare reforms and initiatives to boost domestic pharmaceutical production. Specialty drugs are sought after to combat the increasing prevalence of chronic diseases like cancer and diabetes, providing better outcomes for patients.

1. High Paying Capacity/Expenditure on medicines

Medicine And Vaccine Supply in Vietnam

Vietnam has a relatively large market size with a population of over 98 Mn and a life expectancy of approximately 76 years. Around 30% of the Vietnamese population that can afford relatively expensive western medicine is growing, equal to 30 Mn 2005, per capita drug spending was $9.85, in 2010 it was $22.25 and in 2019 it was $75. The average growth rate in the period 2010-2019 is 14.8%.

2. Increase in Aging Population in Vietnam

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According to the General Department of Population, Vietnam will become a country with an aging population by 2038 with the proportion of people aged 60 and over reaching over 20%. By 2049, the proportion of elderly people will account for about 25% of the population. With that, the demand for pharmaceutical drugs and medicines is only going to increase in the future.

3. Government Initiatives and Reforms

The Vietnamese government has implemented initiatives to improve the healthcare system and pharmaceutical industry. This includes measures to strengthen the regulatory framework, streamline drug registration processes, encourage domestic pharmaceutical production, and enhance intellectual property protection. These initiatives create a favorable environment for pharmaceutical companies to invest and expand their operations.

4. Growing Demand for Specialty Drugs

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The cancer incidence rates for all cancers per 100,000 persons, which have been reported by the International Agency for Research on Cancer (IACR) in 2012, are 173 for males and 114.3 for females.

Therefore there is a dire need for speciality drugs in Vietnam which will cure diseases like cancer prevailing among the masses.

Mortality measures from sample-based surveillance: evidence of the epidemiological transition in Vietnam

According to Bull Health Organ, 2022

• Vietnam is experiencing an epidemiological transition, with a growing prevalence of chronic diseases such as cancer, diabetes, autoimmune disorders, and rare genetic conditions.
• Specialty drugs play a vital role in treating these complex diseases, offering targeted therapies and improved outcomes for patients.

According to Ken Research: Vietnam's high paying capacity, coupled with an increase in the aging population, has led to a surge in expenditure on medicines. The government's initiatives and reforms aim to strengthen the healthcare system and pharmaceutical industry, creating opportunities for growth and investment. The growing demand for specialty drugs reflects the rising prevalence of chronic diseases, particularly cancer, in the country. As Vietnam undergoes an epidemiological transition, the availability of targeted therapies and advanced treatment options becomes crucial for improving patient outcomes.

Bahrain Fitness Services Market, size, Revenue Outlook to 2027F:Ken Research

 What is the size of bahrain fitness service industry?

Bahrain Fitness Service market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F.

The Bahrain Fitness Service Market is largely driven by rising middle class, influx of investment, increasing digitization and rising awareness towards health.

The government of Bahrain has been actively promoting health and fitness initiatives. They have launched campaigns and programs aimed at encouraging people to adopt a healthier lifestyle, including regular exercise. Such initiatives have created awareness and contributed to the growth of the fitness service market.

Bahrain has experienced economic growth, leading to an increase in disposable income among its citizens. With higher income levels,

people have more financial resources to spend on fitness services, including gym memberships, personal training, and specialized fitness classes.

 

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Bahrain's urban areas have been rapidly expanding, with an increasing number of residential and commercial developments. Urbanization brings with it a demand for fitness facilities in close proximity to residential areas and workplaces. This trend has led to the establishment of numerous fitness centers

The rise of social media platforms has played a significant role in driving the growth of the fitness service market in Bahrain. Fitness influencers, online workout programs, and fitness challenges have gained popularity.

Bahrain fitness service market by market structure

The Bahrain Fitness Service market is segmented by market structure into organized and unorganized market structure.

Organized fitness service providers such as gyms, fitness centers, and boutique studios have been on the rise, driven by increasing health consciousness and the demand for professional fitness services. These organized establishments offer a structured and well-equipped environment, diverse fitness programs that attracts more customers.

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Bahrain fitness service market by gender

The Bahrain Fitness Service market is segmented by gender into male and female.

Due to traditional restrictions connected with women in Bahrain, the market for fitness services has been primarily driven by the country's male population. Women have become more conscientious, but there has been an increase in the number of female members at various fitness service facilities across the country in 2022.

Bahrain fitness service market by revenue stream

The Bahrain Fitness Service market is segmented by revenue stream into membership, personal training and supplementary services.

On the basis of revenue model, the membership segment exhibited the highest growth in Bahrain fitness market. Memberships generally form the core revenue stream for fitness service providers, offering recurring income and long-term commitment from customers. While personal training and supplementary services contribute less to revenue, the membership segment often represents a larger customer base and consistent source of income also.

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Bahrain fitness service market by subsriction

The Bahrain Fitness Service market is segmented by subscription into 1 month, 3 months, 6 months, 1 year.

3 months subscription plan has the highest share as it budgets friendly for new joiners.

Bahrain fitness service market by session type

The Bahrain Fitness Service market is segmented by session type into group and solo.

Group sessions tend to be more popular in 2022 as they offer a sense of community, motivation, and social interaction among participants. Additionally, group sessions are often more cost-effective and can accommodate a larger number of individuals, making them appealing to a wider audience.

Bahrain fitness service market by payment method

The Bahrain Fitness Service market is segmented by Payment method into      Card, Cash, Bank Transfer, Digital wallet and Others.

Card payment is the dominant segment in 2022. With the increasing digitalization and convenience offered by card payments, it is often the preferred choice for customers in various industries, including fitness services. Card payments provide ease of transaction, security, and compatibility with online platforms and subscription-based models.

Competition scenario in bahrain fitness service market

The Bahrain fitness service market is experiencing growth driven by a surge in health consciousness among its young and urbanized population. Traditional gyms, along with emerging digital fitness platforms, are competing to offer personalized, diverse training regimes. The market is fragmented, with both local and international brands providing varied services, from group classes to high-end wellness experiences. Urban regions show higher concentration and competition due to increased

accessibility and affordability. However, rural areas remain relatively untapped, offering potential growth opportunities. The market competition is anticipated to intensify with further digitalization and demographic shifts.

What is the expected future outlook for the overall bahrain fitness service market across the globe?

The Bahrain Fitness Service 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 Fitness Service market is driven by rising middle class, influx of investment, increasing digitization and rising awareness towards health. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

Bahrain, with a population of about 1.7 million in 2023, has a median age of approximately 32.5 years. The young, urban, and health-conscious demographic is a significant driver for the fitness service market.

Bahrain has one of the highest GDP per capita in the Middle East, at ~$26,925 in 2023. This high-income level drives the demand for premium fitness services as it increases the target audience which is more susceptible to premium services, which will be a major growth driver for the market.

Rising health awareness is another major factor for the growth in the market. As of 2023, around 30% of adults in Bahrain are obese, prompting increased health awareness and fitness initiatives.

Increase in digitization is also expected to contribute to the market growth. With internet penetration rate exceeding 98% in 2023, the potential for online fitness services and fitness apps is significant in Bahrain.

Furthermore, Bahrain attracted around 12 million tourists in 2022, and the wellness tourism segment is expanding, indirectly promoting the fitness service market as the a Bahrain's government actively promotes sports and fitness, such as the “Sports for All” initiative, further driving the fitness service market.

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Bahrain Fitness Services Market Outlook to 2027F

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Egypt Fitness Services Market Outlook to 2025F

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Morocco Fitness Services Market Outlook to 2025F

China Corporate Training Market Size, Forecast, Trends to 2027: Ken Research

 What Is The Size Of China Corporate Training Industry?

China Corporate Training Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F.

The China Corporate Training Market is largely driven by country's economic development, government support, digital transformation, increasing focus on skills development, and demand from various industries.

Government Initiatives: The Chinese government has recognized the importance of training and development for its workforce. It has implemented various policies and initiatives to support corporate training, including subsidies, tax incentives, and partnerships between educational institutions and businesses.

The adoption of digital technology has played a crucial role in the corporate training market.

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E-learning platforms, online courses, and virtual training solutions have gained popularity due to their convenience, scalability, and cost-effectiveness.

The demand for training programs focusing on specific skills and competencies has increased. This includes areas such as leadership development, technical skills, sales and marketing, language proficiency, and cross-cultural communication, which has a huge scope in the market.

Furthermore, the government promotes international cooperation and exchanges in the field of corporate training. This includes collaborations with foreign training institutions, participation in international conferences and exhibitions, and the exchange of best practices and experiences.

China Corporate Training Market By Industry Verticals

The China Corporate Training market is segmented by industry verticals into IT, telecom, FMCG, automotive, manufacturing, BFSI and healthcare.

IT sector is the dominant segment in the China corporate training market in 2022.

China has experienced significant growth in its IT sector, driven by technological advancements and digital transformation. As a result, the demand for training programs focusing on IT skills, such as programming, software development, cybersecurity, and data analytics, has also risen. The IT industry has also fast-paced nature, continuous skill requirements, and the need to stay abreast of technological advancements requirement.

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China Corporate Training Market By Deployment

The China Corporate Training market is segmented by deployment into on-site and off-site.

Off-site training is the dominant segment in 2022. Off-site training offers greater flexibility, scalability, and cost-effectiveness compared to on-site training. It allows employees to access training programs remotely, facilitates customized and on-demand learning, and enables organizations to leverage external expertise and resources. Additionally, the COVID-19 pandemic has accelerated the adoption of remote and online training, further driving the growth of off-site deployment in the corporate training market.

China Corporate Training Market By Mode Of Learning

The China Corporate Training market is segmented by Mode of Learning into

Instructor Led Classroom Only, Blended Learning, Virtual Classroom, Online or Computer Based Methods and Mobile and Social Learning.

Blended mode is the dominant segment in 2022 in the market. Blended learning provides a well-rounded and immersive learning experience, catering to different learning styles and preferences. It allows for interactive activities, collaborative discussions, and self-paced online modules, providing a balanced and effective training solution that meets the diverse needs of learners in the corporate environment.

China Corporate Training Market By Types Of Training Services

The China Corporate Training market is segmented by types of Training into Technical, Leadership, Managerial, Sales, Customer Management, Quality Training, Technical Training, Soft Skills and Brand Training.

Leadership and the managerial are the two major segment in the China Corporate training market in 2022. Leadership and managerial training are in high demand as organizations focus on developing effective leaders and managers to drive growth and innovation.

China Corporate Training Market By Designation Of Employee

The China Corporate Training market is segmented by designation of employee into managerial, non-managerial and integrated.

Managerial Segment is the dominant segment in the market in 2022. Managerial training programs focus on leadership development, strategic thinking, communication, and other essential skills necessary for effective management. As companies in China prioritize leadership development and talent enhancement. Developing competent managers is crucial for organizations to navigate complex business environments and achieve their goals.

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Competition Scenario In China Corporate Training Market

The competition scenario in the China corporate training market is highly dynamic and competitive. Numerous training providers, including multinational corporations are vying for market share. Key players like Ultima hub, Nanning corporate etc are expanding their offerings, leveraging digital platforms, and focusing on customized and industry-specific training solutions to gain a competitive edge.

Additionally, emerging players and startups are entering the market, introducing innovative approaches and disrupting traditional training models. This intense competition is driving innovation, quality improvement, and a diverse range of training options for businesses and individuals.

What Is The Expected Future Outlook For The Overall China Corporate Training Market?

The China Corporate Training 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 China Corporate Training market is driven by country's economic development, government support, digital transformation, increasing focus on skills development, and demand from various industries. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With China's focus on technology-driven innovation and economic transformation, there is likely to be a continued emphasis on skills development in areas such as digital literacy, data analytics, artificial intelligence, cybersecurity, and other emerging technologies. This trend will drive the demand for training programs that cater to these specific skill sets.

The digital transformation of the corporate training market is expected to continue in China. E-learning platforms, virtual training solutions, mobile learning, and other digital technologies are likely to gain further traction due to their scalability, cost-effectiveness, and ability to reach a geographically dispersed workforce.

Furthermore, the integration of artificial intelligence (AI) and automation technologies in corporate training is expected to increase. AI-powered learning platforms can personalize content, provide intelligent recommendations, and track learner progress, enhancing the effectiveness and efficiency of training programs.

China's increasing global presence and its integration with the global economy may lead to greater international collaboration in the corporate training market. Partnerships with international training providers, cross-border training initiatives, and the exchange of best practices are likely to foster innovation and diversity in training offerings. These trends indicate a positive future outlook for the corporate training market in China.

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China Corporate Training Market Outlook to 2027F

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India Corporate Training Market Outlook to 2027

India Catering Services Market forecasted to grow further into USD opportunity by 2027 : Ken Research

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What is the Size of India Catering Service Industry?

India Catering Service market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F.

The India Catering Service Market is largely driven by increasing Urbanization and the increase of tourism in the country.

The India Catering Service Market is largely driven by urbanization and changing lifestyles. There has been a change in the demand for catering services in recent years, supported by the quickly developing business-to-business (B2B) events sector and food and beverage services being offered at a growing number of corporate events. Furthermore, the market for catering services is growing because of factors including hectic lifestyles and difficulties associated with cooking.

To run a food catering business in India, it is mandatory to obtain the FSSAI license to continue activities related to any stage of manufacturing, storage, packaging, processing, catering services, import and includes catering services, food services, sale of food as well as the sale of food ingredients.

The growing preference among customers for fresher, healthier foods is boosting the worldwide catering services market. The catering service operators have shifted their emphasis to providing healthier meals made in-house using fresh ingredients. The market is expanding because of the increased focus on implementing technology to enhance the customer experience and minimize time spent waiting for food.

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India Catering Service Market by type

The India Catering Service market is segmented by Type into Contract catering and non-Contract catering. Non-Contract type was the most dominant type in India Catering Service market in 2022.

India Catering Service Market by Length of Contract

The India Catering Service market is segmented by Length of Contract into Short-Term, 1 year and more than 1 year.

The contract catering services in India were mainly dominated by 1 yearlong contract as they accounted for majority of the share of the catering contracts revenue in 2022 as the customers initially look for good quality catering service. Once satisfied with the services, they tend to renew the contracts after 1 year.

India Catering Service Market by End-user

The India Catering Service market is segmented by End-User into Industrial, Government, In-Flight, Corporate, Education, Event, Healthcare and Others. The event and marriage sector has accounted for the major share of revenue in catering services. The establishment of a large number of malls, schools, companies, colleges, IT parks, factories, and hospitals will widen the scope of the food catering business in India.

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Competition Scenario in India Catering Service Market

India Catering Service Market is in the growing stage, consisting of ~ players (banks and digital payment companies) with just few companies acquitting the major portion of the market. India Catering Service market is fragmented with the manifestation of small, medium and large corporations. Some of the major players in the India Catering Service market are Sodexo, Compass India, Box8, Levy, HungerBox, LSG Sky Chefs, ABC Corp etc.

What is the Expected Future Outlook for the Overall India Catering Service Market?

The India Catering Service 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 India Catering Service market is driven by increasing Urbanization and Tourism in the country and also due to changing lifestyles. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

The India Catering Services Market is projected to show significant growth in the coming years. It is expected to be driven by quickly developing business-to-business (B2B) events sector and food and beverage services being offered at a growing number of corporate events. Growing health consciousness such as being vegan and eating green food in Indian cuisines is affecting an individual’s order pattern which is one of the major driving forces.

The growing demand for locally produced fresh farm produce, such as fruits, vegetables, and meat items, is also fueling the catering services market.

In addition, hotels and restaurants are developing novel catering services, which are expected to fuel the catering service industry.

Moreover, the market for catering services will be growing because of factors including hectic lifestyles and difficulties associated with cooking at home. Also, hotels and restaurants are coming up with innovative catering services, which are expected to fuel the catering service industry. The market will also expand because of the increased focus on implementing technology to enhance the customer experience and minimize time spent waiting for food. Specialized catering services are increasing in demand as global multinational corporations are quickly expanding in emerging regions of India.

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India Catering Service Market

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Australia Catering Services Market Outlook to 2027

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China Catering Service Market Outlook, Share, Analysis to 2027: Ken Research

 What Is The Size Of China Catering Service Industry?

China Catering Service Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F.

The China Catering Service Market is largely driven by the growing demand for business entertainment, many people are going to restaurants, pubs, tea houses and other eateries for everyday meals and gatherings with friends. This has urged the development of catering services.

The China Catering Service Market is also largely driven by urbanization and changing lifestyles. There has been a change in the demand for catering services in recent years, supported by the quickly developing business-to-business (B2B) events sector and food and beverage services being offered at a growing number of corporate events.

Furthermore, the market for catering services is growing because of factors including hectic lifestyles and difficulties associated with cooking.

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The growing preference among customers for fresher, healthier foods is boosting the China catering services market. The catering service operators have shifted their emphasis to providing healthier meals made in-house using fresh ingredients. The market is expanding because of the increased focus on implementing technology to enhance the customer experience and minimize time spent waiting for food.

China Catering Service Market By Type

The China Catering Service market is segmented by Type into Independent outlets and Chained Outlets. Chained outlets type was the most dominant type in China Catering Service market in 2022.

Chained Outlets are the most dominant segment in the China Catering Market in 2022.

China Catering Service Market By Type Of Catering

The China Catering Service market is segmented by type of catering into Event Catering, Government Catering, Industry Catering, Leisure Catering, Hospital catering and Airline Catering.

In 2022, the revenue of full-service restaurants in China amounted to around 2.69 trillion-yuan, accounting for around more than half of the total revenues of catering services in China. Fast food and leisure catering were the fastest-growing market sectors.

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Competition Scenario In China Catering Service Market

The China catering market is fragmented with major global and national players occupying almost half of the market. The key players operating in the market are not only competing based on product quality and promotion but are also focusing on strategic moves to hold larger market shares. The major companies dominating the China Catering market for its products, services, and continuous product developments are ZKungfu, Yershari, Zhejiang grandma’s Home Catering operation company, Quanjude, Qianxihe, KFC, Haoxianglai, Haidilao, Donglaishun, Pizza Hut among others.

What Is The Expected Future Outlook For The Overall China Catering Service Market?

The China Catering Service 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 growing demand for business entertainment, many people are going to restaurants, pubs, tea houses and other eateries for everyday meals and gatherings with friends. This has urged the development of catering services. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

The China Catering Services Market is projected to show significant growth in the coming years. As per the research, it is expected that China's catering industry would be larger than that of United States in 2023, and become the biggest catering market in the world. Moreover, digitization & brand establishment with the use of flexible assets, operation & management methods are some elements that can be included in the upcoming years. It is expected to be driven by quickly developing business-to-business (B2B) events sector and food and beverage services being offered at a growing number of corporate events.

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Growing health consciousness such as being vegan and eating green food in China n cuisines is affecting an individual’s order pattern which is one of the major driving forces. The growing demand for locally produced fresh farm produce, such as fruits, vegetables, and meat items, is also fueling the catering services market.

In addition, hotels and restaurants are developing novel catering services, which are expected to fuel the catering service industry.

Moreover, the market for catering services will be growing because of factors including hectic lifestyles and difficulties associated with cooking at home. Also, hotels and restaurants are coming up with innovative catering services, which are expected to fuel the catering service industry. The market will also expand because of the increased focus on implementing technology to enhance the customer experience and minimize time spent waiting for food. Specialized catering services are increasing in demand as global multinational corporations are quickly expanding in emerging regions of China.

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

China Catering Market Outlook 2027F

From Rust to Robust: How the Malaysian Government Fuels Growth in the Automotive Aftermarket Service Sector? – Ken Research

 The Malaysia after-sales service market recorded a positive CAGR of ~3% during the period 2015-2020. However, the market witnessed a decline in the demand for aftermarket services during the 2nd quarter of 2020 owing to the COVID-19 situation. During that time, the Malaysian market witnessed a decline in new car & used car sales in 2020 which also impacted the automotive aftermarket service sector.

But the interesting part is Used car sales in Malaysia were steady despite the pandemic, as it has deterred people from using public transport leading to higher demand for post-warranty service from multi-brand workshops.
Here, we have shed light on the government plans that have been helping the Malaysian automotive aftermarket service industry.

1. Surging Demand for Used Cars in Malaysia Leading to Growth in Service Requirement industry in Malaysia

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1.2. Moreover, Growing Car Parc coupled with the Penetration of Companies in the Automotive Aftermarket are also creating the demand for aftermarket services in the country

2. However, COVID-19 impacted the sales of new cars which also affected the growth of the Automotive Aftermarket Service Industry in Malaysia

3. But, National Automotive Policy (NAP) & National Roadmap for Automotive Aftermarket (NRAA) are focusing to Strengthen the Automotive Industry in Malaysia and will enable to grow positively in the future

Some of the Intelligence Curated by Ken Research in Automotive Aftermarket Service Space:

1. Egypt Automotive Aftermarket Service Industry Outlook to 2027: Driven by burgeoning population, vehicle sales growth and government moves to combat auto emissions”
2. UAE Automotive Aftermarket Service Industry Outlook to 2026: Driven by increasing number of startups and consumers shifting preference towards online and organized sector
3. Indonesia Automotive Aftermarket Service Market Outlook to 2026: Influx of new players and car variants from abroad are contributing to the growth of automotive aftermarket service industry in Indonesia
4. KSA EV Charging Equipment Market Outlook to 2027F Driven by Government Initiatives, Demand for Eco-friendly Transportation and Entry of New Brands in the market

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Malaysia Automotive Market

Netherland Logistics Industry Size, Growth, Outlook to 2027: Ken Research

 What Is The Size Of Netherland Logistics Industry?

Netherland Logistics Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F.

The Netherland Logistics Market is largely driven by the increasing demand for e-commerce and cross-border trade, supported by its strategic location and robust transportation infrastructure.

The rise of e-commerce has fueled the demand for efficient logistics services in the Netherlands. As more consumers turn to online shopping, logistics providers are experiencing a surge in parcel deliveries, requiring robust warehousing, last-mile delivery, and fulfillment solutions.

The Netherlands is strategically positioned as a gateway to Europe, making it an attractive location for cross-border trade. The country's well-connected transportation infrastructure, including ports like Rotterdam and Schiphol Airport, facilitates smooth logistics operations and enhances trade flows, attracting businesses seeking to expand their international operations.

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The Dutch government actively supports the logistics sector through favorable policies, investments in infrastructure development, and initiatives to promote trade and international collaboration. Government support enhances the competitiveness of the Netherlands logistics market and attracts foreign direct investment, further driving growth in the sector.

Netherland Logistics Market By End-Users

The Netherland Logistics Market is segmented by end-users into food and beverages, industrial & construction, retail (garment, cosmetics), automotive & engineering and others (include telecom, horticulture). Food and Beverages has the most share in end user segment as compared to other segments as it is the basic need of everyone as they are basic needs for Netherland’s population.

Netherland Logistics Market By Domestic/International

The Netherland Logistics Market is segmented by domestic/international into domestic and international. Netherland does international logistics more as compare to domestic as they are mainly depending on other countries for many things.

Netherland Logistics Market By Type Of Mode

The Netherland Logistics Market is segmented by type of mode into sea, road, air and rail.

Netherland Logistics Market By Type Of Fleet

The Netherland Logistics Market is segmented by type of fleet into small, medium and large fleet operators. Netherland uses more large fleet type as compare to other. There road logistics uses large amount of fleet.

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Netherland Logistics Market By 3pl/Integrated

The Netherland Logistics Market is segmented into 3PL and Integrated.

Netherland Logistics Market By Type Of Shipment

The Netherland Logistics Market is segmented by type pf shipment into same day, next day, 2 days and more than 2 days. Most of the delivery take more than 2 days as they are standard time taken by logistics companies and also, they deliver goods in bulk so loading and unloading consume more time.

Netherland Warehousing Market By Business Model

The Netherland Warehousing Market is segmented by Business Model into Industrial / Retail, ICD/ CFS and Cold Storage.

Netherland Warehousing Market By 3pl/Integrated

The Netherland Warehousing Market is segmented by warehousing space into Tech Enabled Warehouse Space, Non-Tech Warehouse Space, Organized, Warehouse Space, Unorganized Warehouse Space, Racked Warehouse Space and Unracked Warehouse Space.

Netherland Warehousing Market By Area

The Netherland Warehousing Market is segmented by Area into Closed and Open.

Netherland Warehousing Market By 3pl/Integrated

The Netherland Warehousing Market is segmented by 3PL/Integrated.

Netherland Warehousing Market By End-User

The Netherland Warehousing Market is segmented by End-User into Food and Beverages, Industrial & Construction, Retail (Garment, Cosmetics), Automotive & Engineering and Others (including telecom, Horticulture).

Netherland Warehousing Market By Region

The Netherland Warehousing Market is segmented by Region into Breda, Tilburg, Eindhoven and Venlo.

Etherland Express Market By Domestic/International

The Netherland Express Market is segmented by Domestic/International.

Netherland Express Market By Business Model

The Netherland Express Market is segmented by Business Model into B2B, B2C and C2C.

Netherland Express Market By Type Of Shipment

The Netherland Express Market is segmented by type of shipment into Same Day, Next Day, Two Days and More than 2 Days.

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Competition Scenario In Netherland Logistics Market

The Netherlands logistics market is characterized by intense competition among various players aiming to capture a significant market share. The market is highly fragmented, with numerous logistics service providers, including global players, regional players, and specialized niche operators.

Key factors driving competition in the market include service quality, reliability, pricing, geographic coverage, and the ability to provide end-to-end logistics solutions. Companies compete to offer efficient and cost-effective logistics services, including transportation, warehousing, inventory management, and value-added services. Technological advancements, such as automation, data analytics, and digital platforms, have become crucial in gaining a competitive edge by improving operational efficiency and customer experience.

The market also witnesses competition based on specialization, with some companies focusing on specific industries or niche segments, such as pharmaceuticals, perishable goods, or e-commerce. These specialized logistics providers offer tailored solutions and industry expertise to meet the unique requirements of their target customers.

Some of the major players in the Netherlands logistics market are Deutsche Post DHL Group, DSV Panalpina, Kuehne + Nagel Logistics B.V, XPO Logistics and CEVA Logistics Netherlands B.V.

What Is The Expected Future Outlook For The Overall Netherland Logistics Market?

The Netherland Logistics 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 Netherland Logistics market is driven by the increasing demand for e-commerce and cross-border trade, supported by its strategic location and robust transportation infrastructure. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

For instance, In November 2022, Bleckmann opened a new fulfillment center in Venlo to increase its capacity in Europe's logistics hotspot, which has an area of nearly 30,000 sq. m.

In October 2022, October 2022: Neele-Vat opened a new warehouse spanning an area of 11,000 sqm in Hazeldonk.

Furthermore, With the Netherlands' densely populated urban areas, logistics companies are exploring innovative solutions such as autonomous delivery vehicles, electric bikes, and drones to ensure fast and reliable delivery services which will further drive the market in future.

The Netherlands' strategic geographical position as a gateway to Europe makes it an attractive logistics hub. The country's well-connected transportation infrastructure, including its ports, airports, and extensive road and rail networks, facilitates efficient distribution of goods across the continent, which will continue to be the major growth driver in the future as well.

The Netherlands places a strong emphasis on sustainability and environmental responsibility. Logistics companies are likely to invest in eco-friendly practices, including electric and hydrogen-powered vehicles, green logistics hubs, and carbon-neutral initiatives, to align with the country's sustainability goals and meet customer demands for environmentally friendly logistics services which is likely to drive the growth in the market in future.

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

Netherlands Logistics Market Outlook to 2027F

Related Reports By Ken Research:-

USA Logistics Industry Outlook to 2026

Australia Logistics Market Outlook to 2025

Indonesia Car Rental Market, overview and genesis of the industry Outlook to 2027F : Ken Research

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What is the Size of Indonesia car rental Industry?

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

The Indonesia Car Rental Market is largely driven by expanding middle class, growing tourism sector, and the emergence of ride-hailing.

The expanding middle class and rising disposable income in the country is driving the demand for car rentals. As more individuals attain higher levels of income and financial stability, they seek convenient transportation options for various purposes, including business trips, family outings, and leisure activities. This increasing affluence translates into a higher propensity for individuals to rent vehicles, especially for short-term periods.

Furthermore, the emergence and development of ride-hailing services and shared mobility platforms have contributed to the growth of the car rental market. These platforms have gained immense popularity in Indonesia, providing on-demand transportation services to a large user base.

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Indonesia is a popular tourist destination, attracting millions of visitors each year. The growth in international and domestic tourism has increased the demand for rental cars as travelers prefer the convenience and flexibility of having their own transportation.

Rapid urbanization and improved infrastructure have made it easier for people to access car rental services, particularly in major cities like Jakarta, Bali, Surabaya, and Bandung.

Indonesia Car Rental Market by type of vechiles

• The Indonesia Car Rental market is segmented by type of vehicles into small cars/hatchbacks, Sedans, SUVs and others.
• The Small Cars/Hatchbacks are the dominant segment in the market in 2022.
• These vehicles are cost-effective, fuel-efficient, and well-suited for navigating congested urban areas. They are popular among both domestic and international travelers looking for affordable and practical transportation options. Additionally, small cars/hatchbacks generally offer better availability and a wider range of options compared to other segments.

Indonesia Car Rental MARKET by market structure

• The Indonesia Car Rental market is segmented by market structure into organized and unorganized market structure.
• Organized market structure is the dominant segment in the market in 2022.
• Organized car rental companies typically have established operations, professional services, standardized processes, and a wide range of vehicle options. They offer greater reliability, quality assurance, and customer support, making them preferred choices for both individual and corporate customers seeking a more structured and trustworthy car rental experience.

Indonesia Car Rental MARKET by ICE/EV

• The Indonesia Car Rental market is segmented by ICE/EV into
• ICE (Internal Combustion Engine) and
• Electric Vehicles.
• The internal Combustion engine segment in the dominant segment in the Indonesia Car rental market in 2022.
• This is because electric vehicles (EVs) are still relatively new and their infrastructure, such as charging stations, may not be as widespread or readily available in Indonesia compared to countries with more mature EV markets. However, it's important to note that the adoption of EVs is growing globally, and the dominance of segments may shift in the future.

Indonesia Car Rental MARKET by Mode of Booking

• The Indonesia Car Rental market is segmented by mode of booking into online and offline.
• Online booking dominates the Indonesia car rental market in terms of revenue in 2022 and is registers a significant growth in terms of revenue during the forecast period. The rise in the use of internet and mobile phone applications across the country is likely to enhance the use of online booking platforms.

Indonesia Car Rental MARKET by application

• The Indonesia Car Rental market is segmented by application into business and leisure.
• Leisure trips hold a significant market share in the Indonesia car rental market in 2022, due to the increasing number of tourist arrivals contributing to increasing the country’s GDP as well.

Indonesia Car Rental MARKET by Region

• The Indonesia Car Rental market is segmented by Region into Jakarta, Surabaya, Bali, Yogyakarta and Others.
• Jakarta hold the most dominant region in the Indonesia car rental market in 2022.
• Jakarta, as the capital city and a major economic hub, would be a dominant segment due to its large population, higher tourism activity, and business travel. Surabaya, Bali, and Yogyakarta are also popular tourist destinations. These regions also include popular tourist spots such as Bandung, Lombok, and Medan. The demand for car rentals in these areas is influenced by factors like tourism attractions, business activities, and transportation infrastructure, making them potential dominant segments in the market.

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Competition Scenario in Indonesia Car Rental Market

The competition scenario in the Indonesia car rental market is characterized by a mix of established car rental companies, regional players, and local operators. The market is relatively fragmented, with a wide range of options available to consumers. Established car rental companies and online aggregators dominate the organized segment, offering a diverse fleet of vehicles, competitive pricing, and convenient online booking platforms. These players often have nationwide or regional networks and cater to both individual and corporate customers.

However, the market also comprises numerous smaller, unorganized operators, especially in tourist destinations and local markets. These operators may offer more flexible pricing options but may have limitations in terms of fleet size, service quality, and consistency.

What is the Expected Future Outlook for the Overall Indonesia Car Rental Market?

The Indonesia 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 Indonesia Car Rental market is driven by expanding middle class, growing tourism sector, and the emergence of ride-hailing. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

For Instance, In June 2022, an exciting development took place as CARRO and PT Mitra Pinasthika MustikaTBK joined forces through a binding agreement. The collaboration involved a substantial investment of SGD 75 million (approximately USD 55.7 million) by CARRO, resulting in the acquisition of a 50% ownership stake in PT Mitra Pinasthika MustikaTBK. This strategic alliance marked a significant milestone in their partnership, setting the stage for future growth and cooperation in the market.

In May 2022, PT Blue Bird Tbk and PT AngkasaPura made an official announcement regarding their partnership. The collaboration aimed to offer convenient and comfortable transportation services for travelers from

Jenderal Ahmad Yani International Airport to various destinations in Semarang. This strategic alliance was in line with Blue Bird's mission to promote mobility as a service and support the transportation ecosystem of the airport. By joining forces, the two companies aimed to enhance the overall travel experience for passengers, ensuring seamless connectivity and efficient transportation solutions.

Furthermore, During March 2022, Minister of Tourism and Creative Economy, Sandiaga Uno, engaged in a significant meeting with 18 foreign investors. The purpose of the meeting was to present sustainable tourism projects amounting to USD 1.5 billion. These projects were aimed at bolstering the tourism industry in Indonesia and were expected to contribute to approximately 20% of the sector's growth. Moreover, the investments were projected to contribute to a 5% expansion in the overall national economy for the year 2022.

In conclusion, the future outlook of the car rental market in Indonesia appears promising. Factors such as the expanding middle class, growing tourism sector, and the emergence of ride-hailing services are likely to drive demand. However, increasing competition may lead to price wars and improved services. The market may also witness a shift towards electric vehicles, necessitating infrastructure development. Furthermore, technology integration and government regulations will play crucial roles in shaping the industry's future.

For More Insights On Market Intelligence, Refer to the Link Below: –

Indonesia Car Rental Market

Related Reports by Ken Research: –

Vietnam Car Rental Market Outlook

Belgium Car Rental Market Outlook 

Bahrain Car Rental Market Outlook