Future Outlook to Nigeria Mattress Market 2028: Ken Research

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What is the Size of Nigeria Mattress Market?

Nigeria Mattress Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Mn by 2028. The Nigeria Mattress Market is growing at steady growth in recent years, The country's increasing population, urbanization, and rising disposable incomes were significant factors contributing to the expanding demand for mattresses. Additionally, growing awareness of the importance of sleep health and improving living standards were driving consumers to invest in more comfortable and high-quality mattresses. Furthermore, the emergence of e-commerce and online retail channels provided greater accessibility and convenience for consumers to explore and purchase a variety of mattresses.

The Nigeria Mattress Market is experiencing new innovations to meet evolving consumer demands. One notable trend is the adoption of advanced sleep technologies, such as memory foam and hybrid mattresses, providing enhanced comfort and support. Additionally, there is a growing focus on eco-friendly and sustainable mattress options to appeal to environmentally-conscious consumers.

However, the market faces challenges, including the prevalence of low-cost, low-quality mattresses from unorganized sectors, which can hinder the growth of branded products. Moreover, logistical and infrastructural constraints pose distribution challenges, impacting market accessibility and penetration.

Nigeria Mattress Market by end user

The Nigeria Mattress Market is segmented by Commercial, Hospital, Residential. In the Nigeria Mattress Market , most dominant segment in the market is the residential sector in 2022.

 This is due to the significantly larger consumer base of individuals and families purchasing mattresses for their homes. The residential market is driven by factors such as population growth, increasing awareness of the importance of quality sleep, and the replacement demand for old or worn-out mattresses.

Additionally, the residential end-user segment is the dominant player in the France Mattress Market due to the larger consumer base and increasing awareness of the importance of quality sleep.

Nigeria Mattress Market by type of mattresses

The Nigeria Mattress Market is segmented by type of mattresses into Alternating Pressure Mattress, Gel and Hybrid Mattress. Hybrid mattress is dominance in Nigeria in 2022. Alternating Pressure Mattresses and Gel Mattresses, on the other hand, are relatively newer and cater to specific segments of the market.

Alternating Pressure Mattresses are commonly used in medical settings and are designed to help prevent pressure sores in bedridden patients.

Gel mattresses offer enhanced comfort and support, making them popular among consumers seeking a more luxurious sleep experience. Hybrid mattresses combine various materials like memory foam and innerspring to provide a balanced sleep surface.

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Nigeria Mattress Market by Region

The Nigeria Mattress Market is segmented by Region into North, South, East, West In 2022, the west region emerged as the dominant region in the Nigeria Mattress Market, due to its strategic location and industrial infrastructure is gaining more demand.

Additionally, the availability of skilled labor and raw materials in the region contributes to its prominence in mattress production. The concentration of manufacturers in Western Nigeria allows for cost-effective production and efficient distribution to both local and regional markets.

Competition Scenario in Nigeria Mattress Market

The Mattress Market in Nigeria is highly competitive, with both local and international players compete for market share. Local manufacturers such as Mouka Foam, Vita foam Nigeria, and Dufil Prima Foods are prominent players, offering a wide range of mattresses catering to diverse consumer preferences.

In Additionally, international brands like Serta, Simmons, and tempur-pedic have also entered the market, providing consumers with premium options. The competition is fueled by factors like product innovation, pricing strategies, and marketing efforts to capture the growing demand for quality mattresses in Nigeria's expanding population.

Therefore, as companies strive to outperform their competitors, they invest in research and development, which leads to the introduction of new mattress technologies and materials, ultimately driving market growth and catering to the evolving needs and preferences of Nigerian consumers.

What is the Expected Future Outlook for the Overall Nigeria Mattress Market?

The Nigeria Mattress Market was valued at USD ~Million in 2022 and is anticipated to reach USD ~ Million by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028.

Nigeria Mattress Market, driven by various factors and ongoing innovations. As Nigeria continues to develop its tourism industry and healthcare infrastructure, there will be a growing need for mattresses in hotels, resorts, hospitals, and clinics, further contributing to market expansion.

Moreover, the rising urbanization and increasing disposable incomes in Nigeria have contributed to a growing middle-class population. With higher purchasing power, consumers are likely to invest in better-quality and more comfortable mattresses to enhance their sleep quality and overall well-being.

Additionally, as people become more conscious of the benefits of getting adequate and restful sleep, they are likely to seek better mattresses that offer superior support and comfort.Moreover, smart mattress technology, with features like sleep tracking and adjustable firmness, is gaining traction among tech-savvy consumers seeking personalized sleep experiences.

However, the market also faces certain challenges. The presence of counterfeit and low-quality mattresses remains a concern, as it can erode consumer trust and hinder the growth of established brands.

Furthermore, the increasing penetration of e-commerce and online shopping in Nigeria has opened up new distribution channels for mattress retailers. Consumers now have the option to explore and purchase mattresses online, making it more convenient and accessible to shop for their bedding needs.

However, the Nigeria Mattress Market also faces certain challenges that may impact its future outlook. Economic fluctuations and currency devaluation could affect consumer spending and demand for non-essential products like mattresses.

Despite these challenges, the Nigeria Mattress Market is expected to grow due to favourable demographic trends, increasing urbanization, and the focus on sleep health. The rise of e-commerce and the expansion of distribution networks will enhance market accessibility, making mattresses available to a broader consumer base.

Therefore, the market's competitiveness and the need for sustainable practices are challenges that companies must address to capitalize on the market's potential advantages.

Market Taxomony

By Type of Mattress

• Alternating Pressure Mattress
• Gel
• Hybrid Mattress
• Innerspring
• Latex Mattresses
• Memory Foam

By Size

• King
• Super King
• Queen
• Twin

By Business Model

• Lease
• Outright Sale

By Distribution Channel

• Retail
• Direct

By End User

• Commercial
• Hospitals
• Residential

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Major Players across the Nigeria Covered in the Report

• Euro products Nigeria ltd
• Mouka Foam
• Polly Foam
• Teju Industries
• Vitafoam Nigeria ltd
• Vono Products Plc
• Arco Foam

Research Sources

Secondary Research

• Company Reports & Websites
• ROC Filings
• Online Magazines
• Newspapers & Journals
• Online Articles
• Ministries of the Related Industries
• Government Associations
• Industry Journals/Portals
• Investor Presentations & Company Profiles

Time Period Captured

• Historical Period – 2017-2022
• Base Period – 2022
• Forecast Period – 2022 –2028

Key Factors Considered in the Report

• Nigeria Mattress Market Overview
• Executive Summary
• Market size and Segmentation of the Nigeria Mattress Market, 2017-2022
• The government regulation and Growth driver
• SWOT Analysis
• Government Regulations/Initiatives for Market
• Growth Drivers of the Nigeria Mattress Market
• Issues and Challenges of the Nigeria Mattress Market
• COVID-19 Impact on the Overall Nigeria Mattress Market
• Future Market Forecast for Nigeria Mattress Market and by Segments, 2022-2027
• Company Profiles of Nigeria Mattress Market Players
• Analyst Recommendations

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

Nigeria Mattress Market Outlook to 2028F

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Germany Mattress Market Outlook to 2027F

France Mattress Market Outlook to 2028F

UAE's Entertainment and Leisure Industry: Soaring to New Heights with Projected ~10% Growth by 2027: Ken Research

 In 2022, the Entertainment Market in the UAE experienced a significant influx of ~30 Mn visitors. Both the government and private sector have made substantial investments in entertainment facilities as part of a strategic move to reduce reliance on the oil-based economy.

STORY OUTLINE

• UAE's Thriving Entertainment Market: The UAE's leisure and entertainment industry are experiencing significant growth, fueled by an ascending economy, higher consumer spending, and its popularity as a major regional tourist destination
• Diverse Entertainment Options: Tourists visiting Dubai and Abu Dhabi seek various entertainment options, driving demand in the industry, especially in movie cinemas, indoor theme parks, and arcades.
• Technology's Impact: The industry is undergoing a profound transformation with the widespread adoption of cutting-edge technologies like virtual reality, online streaming, and extended reality (XR), providing unique and immersive experiences.
• OTT Market Growth: The MENA region's OTT market is thriving, with the increasing availability of high-speed internet, widespread use of digital devices, and a growing digital audience for entertainment content.
• Future Innovations: The UAE's entertainment and leisure industry is expected to witness further innovations, such as contactless ordering in cinemas using AI robots, self-ordering kiosks, vending machines, or online ordering apps, enhancing the overall consumer experience.

The United Arab Emirates is witnessing an ascending economy, leading to a flourishing Leisure and Entertainment Industry propelled by the growth of GDP and higher consumer spending. The leisure and entertainment industry in the region is currently experiencing a profound transformation. Cultural changes among the younger generation have sparked significant interest, and there is a growing demand for local Arabic content, which is expected to drive substantial growth in the regional media sector.

1. Visitors Unleash Fun: How Tourism Drives UAE's Entertainment Industry!

Discover Number of Walk ins in UAE

In 2022, the Entertainment Market in the UAE witnessed an impressive ~30 million walk-ins, with the country's status as a major regional tourist destination playing a pivotal role in driving this footfall.

Tourists flocking to Dubai and Abu Dhabi seek diverse entertainment options during their visits, creating significant demand in the industry.

Despite the pandemic-delayed Expo 2020, expectations were high that the event would attract millions of visitors, providing a substantial boost to the entertainment sector. Movie Cinemas, Indoor Theme Parks, and Arcades collectively dominated the market, capturing over half of the total entertainment share based on the number of walk-ins in 2022.

2. UAE's Thriving Leisure Market Driven by Mega-Theme Parks!

Explore Trends in the UAE Indoor Theme Parks Market

The rapid adoption of technology has given rise to online streaming platforms, virtual reality experiences, and gaming, expanding the entertainment landscape. The MENA region's surge in OTT services can be attributed to various factors, such as the growing accessibility of high-speed internet and the widespread adoption of digital devices. These elements have significantly contributed to the industry's expansion in the area.

As of 2021, the number of active social media users in the UAE reached around ~9 million, indicating a growing digital audience for entertainment content. Increase in original Arabic content creation, rising partnerships, and increased digital spending will boost the OTT Market in UAE.

3. Revolutionizing the UAE Entertainment and Leisure Industry: Technology at Its Finest

The UAE's entertainment and leisure industry are undergoing a remarkable transformation through the widespread adoption of cutting-edge technologies like the metaverse and extended reality (XR). This innovation is paving the way for exciting new avenues, elevating the consumer experience with unique and immersive entertainment offerings.

To promote contactless ordering, Cinemas are expected to incorporate AI robots, self-ordering kiosks, vending machines, or online ordering app.

In conclusion, the UAE's Leisure and Entertainment Industry is flourishing, driven by its ascending economy and higher consumer spending. The convergence of technological advancements, the surge in local Arabic content demand, and the growing tourism sector all contribute to the sector's transformation. With innovations like virtual reality and online streaming shaping the landscape, the industry promises to provide an unparalleled and immersive experience for visitors and audiences alike. As the region continues to embrace technology and cultural shifts, the future of entertainment in the UAE looks promising and dynamic.

Chilling Success: KSA's Cold Chain Market Surges with Government Support: What's on the Horizon? : Ken Research

 With the surge in urbanization, the demand for frozen food items and their efficient storage and transportation has propelled the rapid growth of the KSA cold chain market. However, this thriving industry encounters formidable challenges on its path to success. Limited technology infrastructure and labor availability issues pose significant threats to its expansion. Yet, amidst these icy obstacles, a guiding light emerges.

The government steps forward as a staunch ally, spearheading initiatives to address these hurdles and becoming the key catalyst behind the market's flourishing trajectory.
Explore the comprehensive measures and strategic support employed by the government as it resolves the challenges and shapes a promising future for the KSA cold chain market.

1. The Cold Chain Market has grown rapidly owing to an increase in urbanization which led to a demand for frozen food items and their storage and transportation

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2. Increasing pharmaceuticals, online grocery platforms, expansion of cold chain infrastructure, and government initiatives are the key trends and developments in KSA cold chain market

3. However, Limited technology, power outages and labor availability are the major threats to KSA cold chain market

4. But, the Saudi Government is moving towards modernization in their infrastructural development which will facilitate KSA Cold Chain Market growth in the coming years

5. The industry has high potential to grow owing to the Rising Grocery Retail Spending, Geographic location, and increasing government initiatives

Some of the Intelligence Curated by Ken Research in Cold Chain Market Space:

• Indonesia Cold Chain Market Outlook to 2026F Driven by Rising Fisheries Industry & Convenience Food Consumption Owing to Growing Population and Infrastructural Development
• Thailand Cold Chain Market Outlook to 2026F Driven by Rising Import-Export Trade Volume and Domestic Consumption of Meat, Seafood and Popularity of Ready to Eat Frozen Processed Food
• Singapore Cold Chain Market Outlook to 2026F Driven By Rising Meat and Seafood Consumption Coupled With Demand for Temperature Sensitive Health Care Products
• Brazil Cold Chain Market Outlook to 2027- Driven by increasing exports and imports and consolidation of the market by large players
• Portugal Cold Chain Market Outlook to 2026F: Driven by Rising Packaged Foods Consumption Owing to Growing Millennial Population

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KSA's Cold Chain Market

KSA’s Upcoming Attraction- The Leisure and Entertainment Industry! : Ken Research

 Story Outline

• The Saudi Arabian Public Investment Fund has allocated $ 64 billion to the Saudi Vision. It plans to invest this amount in the Leisure and Entertainment industry.
• The government policies such as the upliftment of the decades long cinema ban, cashback for domestically produced films and others are stepping stones to enhance the Entertainment Sector.
• The Kingdom is also investing in organizing events and festivals such as the Red Sea International Film Festival.
• The recreation and tourism sectors are driving Saudi Vision 2030, with upcoming projects like Al Ula, the "Green Heart of Riyadh" (King Salman Park), and Riyadh Sports Boulevard enhancing cultural tourism and livability.

The Kingdom of Saudi Arabia is a potential hub spot for all things entertainment and leisure. The Kingdom’s intense focus on developing the entertainment and tourism sector solidifies the double digit CAGR from the year 2023 to 2027. Some key factors contributing to this growth are the high ratio of the young and middle-aged population who are tech savvy. The increased share of spending on leisure and entertainment due to increased disposable incomes and an experience mindset.

1.Changing Government Policies

Recent Trends In KSA Leisure & Entertainment Market Outlook to 2027

The Saudi government under the guidance of the Crowne prince Mohammed Bin Salman lifted the decades long cinema ban in 2017. This was a turning point for the population as well as the film and related industries in Saudi Arabia.The female population is no longer prohibited from driving and are now allowed to travel alone.

The Saudi Film Commission recently announced a 40% cash rebate on qualifying expenses during film production inside Saudi Arabia if certain conditions are met.

2.Emerging Events and Festivals

The newly-established Red Sea International Film Festival, which featured 138 films from more than 60 countries, played to thousands of attendees, many of whom were international guests.

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Other festivals such as the XP Music Conference and the Soundstorm festival have helped Riyadh to establish itself as a leading music and cinema destination.

3.Thriving Recreation and Tourism Projects

The recreation and tourism sectors are the drivers of the “Saudi Vision 2030”. Thus, the Kingdom has multiple upcoming projects supporting the Vision.

Al Ula - Kingdom's hidden natural wonder, with 23,000 archaeological sites is situated 300 km north of Madinah Al Munawara. Al Ula is going to be the Kingdom’s main cultural eco-tourism destination. It is expected to offer various recreational activities including sightseeing, hiking, camping and other desert-friendly sports and festivals.

The “Green Heart of Riyadh”, the King Salman Park aims to be world’s biggest city park which will be well connected, and is about four times the size of Central Park in New York. It has a total area of 13 million sqm. The park is expected to offer various components related to the environment, culture, art and sports.

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Riyadh Sports Boulevard is a one-stop wellbeing destination. It will offer various sports and recreational facilities across 8 multi-themed zones. With a unique outlook, the project has 1 million sqm of land allocated for private investment opportunities among both domestic and foreign investors, allowing them to introduce complementary developments, such as museums, libraries and art studios. The project aims to improve quality of life and support the objective of placing Riyadh within the world’s top 100 livable cities.

Future Outlook of Oman Car Finance Market: Ken Research

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WHAT IS THE SIZE OF OMAN CAR FINANCE MARKET?

Oman car finance market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2027.  The car finance market in Oman car finance market has witnessed significant growth in recent years, reflecting the country's evolving economic landscape and consumer preferences.  With the help of growing economy, rising disposable incomes, and increasing urbanization are driving the demand for vehicles. As more individuals aspire to own cars, the need for car financing solutions has surged, contributing to market expansion.

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Additionally, technological advancements are reshaping the market landscape. The integration of new technology and digitization in the car finance industry has led to streamlined processes, faster approvals, and improved customer experiences. Moreover, economic fluctuations and changing regulatory policies can impact consumer sentiments and credit demand, posing potential challenges to market stability. Despite the challenges, the Oman car finance market benefits from favorable government policies, infrastructure development, and strategic location as a gateway to the Gulf region. These factors contribute to the market's growth potential and attract investment from various players. Therefore, the growing economy, adoption of new technology, and strategic advantages are helping to grow the Oman car finance market forward.

OMAN CAR FINANCE MARKET BY TYPE OF VEHICLE

The Oman car finance market car finance Market segmented by New Car and Used Car.  In the Oman car finance market mattress market, most dominant segment in the market is the new car segment in 2022. In Oman, consumer preference plays a significant role. In Oman, as in many other countries, there is a cultural inclination towards new cars as they are seen as symbols of status, luxury, and reliability. The allure of owning the latest model with advanced features and modern designs motivates consumers to opt for new cars over used ones.

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OMAN CAR FINANCE MARKET BY CATEGORY OF LENDER

The Oman car finance market is segmented by type of lenders like: NBFCs, Banks, OEMs The Banks are the dominant type of Lender in Oman market car finance market 2022.  Due to, banks have a well-established presence in the country's financial sector with extensive branch networks, making them easily accessible to consumers across Oman. This widespread reach allows banks to serve a broader customer base seeking car financing option. Therefore, due to their widespread accessibility, strong reputation for reliability, diverse financing options, and financial strength, banks continue to dominate the car finance market in Oman.

OMAN CAR FINANCE MARKET BY REGION

The Oman car finance market is segmented by Region into North, South, East, West. In 2022, Southeast region, emerged as the dominant player in the Oman car finance market car finance market. South Eastern region is heavily relying on vehicle imports from various global manufacturers to meet its automotive demands. The dominance in the automotive sector lies more in vehicle imports, sales, distribution, and related services rather than domestic car production.

Additionally, Oman's growing population, rising income levels, and urbanization have fueled the demand for personal vehicles, leading to a thriving automotive sector that primarily relies on importing a wide range of vehicles to cater to consumer preferences. Therefore, Oman plays a significant role in the automotive industry in the south East, its dominance lies in the importation, sales, and distribution of vehicles rather than domestic car production.

COMPETITION SCENARIO IN OMAN CAR FINANCE MARKET

The car finance market in Oman is characterized by intense competition among various players seeking to capture a share of the growing automotive financing sector. Banks, with their well-established presence in Oman's financial sector, hold a prominent position. They offer a wide range of financial services, including car loans, and leverage their extensive branch networks to attract a broad customer base seeking car financing option.

NBFCs also play a significant role in the competition scenario. These specialized financial institutions often cater to niche segments of the market, offering tailored financing solutions to meet specific customer needs. Their ability to provide more customized services allows them to carve out a unique position in the market. Therefore, As the market continues to evolve, innovative and customer-centric approaches will be key for companies to maintain their edge in this fiercely competitive industry.

What is the Expected Future Outlook for the Overall OMAN Car Finance Market?

The Oman car finance market was valued at USD ~Million in 2022 and is anticipated to reach USD ~ Million by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027.  The Oman car finance market mattress market is driven by the country's growing economy, rising per capita income, and increasing urbanization are expected to fuel the demand for vehicles.

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Moreover, the government's infrastructure development initiatives and investments in transportation projects are likely to improve accessibility and mobility, further boosting car sales and financing opportunities. Also, Innovations in the car finance market, such as digitization and online lending platforms, will continue to reshape the industry. The integration of technology in the loan application and approval process will enhance customer convenience and shorten approval times, providing a competitive edge for financial institutions.

Additionally, sustainable financing solutions and the promotion of electric and hybrid vehicles are emerging trends that align with the global shift towards eco-friendly mobility. Financial institutions that offer financing options for greener vehicles will attract environmentally conscious consumers, contributing to market growth. Furthermore, economic fluctuations and potential changes in regulatory policies may impact consumer sentiment and credit demand, posing challenges to the market's stability.

Therefore, the Oman car finance market is expected to witness steady growth driven by economic development, technological innovations, and sustainable trends. Financial institutions' ability to adapt to market dynamics, offer attractive financing packages, and embrace new innovations will determine their success in this evolving sector.

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

Oman Car Finance Market Outlook to 2027F

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Mexico Car Finance Market Outlook 2027F

Nigeria Car Finance Market Outlook to 2027F

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Thriving UAE Cold Chain Market: Growth Prospects and Government Initiatives: Ken Research

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Rising Demand for Temperature-Sensitive Products and Government Support Propel Cold Chain Industry

Storyline

• As per Ken Research, the UAE cold chain market is poised for significant growth, fueled by increasing demand for food items, a thriving pharmaceutical industry.
• Import-driven surge: Rising 3PL companies, strategic pharmaceutical growth, and food imports.
• Government initiatives driving growth: Economic diversification, logistics development.
• Rising cold transportation demand: 42% revenue share projected by 2025.
• UAE's cold chain industry: dominated by the cold storage segment.

1. Diverse Revenue Streams & a growing market

Know More about the Cold Chain Dynamics in UAE

The UAE cold chain industry witnessed a substantial contribution from cold storage and cold transport markets, accounting for approximately 60% and 40% of the total revenue in 2020, respectively. However, the cold transportation market is expected to see a decline in revenue share to around 42% by 2025, attributed to the surging demand for temperature-sensitive products in the country.

2. Driving Factors

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Factors such as the rise in refrigerated warehouses, growth in the pharmaceutical sector, and an increasing demand for perishable products like dairy, meat, and seafood are anticipated to drive the growth of the cold chain logistics market in the UAE.

3. Import-Driven Growth

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The UAE heavily relies on food imports due to its arid climatic conditions, with around 80% of its food requirements met through imports. Additionally, the pharmaceutical sector has witnessed exponential growth, with Covid-19 being a major driving force. The country's strategic location provides logistics access to 43 countries worldwide.

4. Surge in 3PL Companies & a Fragmented market

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The market has witnessed a rising demand for fully integrated distribution centers, driving the growth potential for 3PL companies that handle sophisticated supply chains. With increasing opportunities, many 3PL companies are expanding their operations across various UAE cities. Moreover, the overall market is highly fragmented which indicates the increasing interest of cold chain companies in UAE.

Conclusion

As per Ken Research, the UAE cold chain market is poised for significant growth, fueled by increasing demand for food items, a thriving pharmaceutical industry, and the government's continuous efforts to enhance logistics infrastructure. With a projected positive CAGR of 4.8% in terms of revenue during the forecast period 2022-2027, the cold chain industry is set to play a pivotal role in supporting the UAE's economic diversification and promoting sustainable logistics solutions.

Major Players Mentioned in the Report:

UAE Cold Chain Market (Cold Storage Companies)

• FI
• Mohebi Logistics
• CEVA Logistics
• RSA Global

UAE Cold Chain Market (Cold Transportation Companies)

• Triburg
• Transcorp
• Badami Logistics
• Tameem Logistics

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

• Agricultural & Sea food Producers
• Importers & Exporters
• E-Commerce & Online Grocery Platforms
• Retail & Super market Chains
• Pharmaceutical & Healthcare Companies

Time Period Captured in the Report:

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

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

UAE Cold Chain Market

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Fast, Reliable, Revolutionary: Unveiling the POC IAA Market Surge : Ken Research

The pharmaceutical and healthcare market in Brazil is the biggest in Latin America. The POC IAA market in Brazil is the biggest in Latin America. The COVID-19 pandemic had a significant impact on the growth of the POC diagnostics market.

STORY OUTLINE

• POC IAA Testing Advantages: Swift and effective diagnostics for chronic diseases, extending access beyond hospitals and clinics.

• Technological Advancements: Improved POC IAA devices driving widespread adoption in Brazil's healthcare.

• Diabetes Monitoring: POC glucose testing vital for diabetes management, offering remote monitoring and advanced care.

• Impactful Outbreak Response: Rapid test kits reduce dengue, Zika, and chikungunya cases in Brazil.

• Improved Healthcare Access: POC IAA extends diagnostics to physician's offices, homes, ambulances, and field settings.

POC diagnostics offer numerous advantages compared to traditional methods, enabling patient diagnosis in various locations beyond hospitals and clinics. These locations include physician's offices, ambulances, homes, field settings, and hospitals. Among the commonly performed tests in Brazil, measuring blood glucose levels stands out as one of the most prevalent diagnostic procedures. POC testing, also referred to as bedside testing, near-patient testing, remote testing, mobile testing, or rapid diagnostics, involves medical testing conducted outside of a traditional laboratory setting.

1. POC IAA Testing: A Game-Changer in Brazil's Chronic Disease Fight

Click to Read Full Article: Brazil POC Immunoassay Analyzers Market

In Brazil, the country has encountered several infectious disease outbreaks in the past, such as Zika virus, dengue, and chikungunya. The availability of rapid diagnostic test kits, including those supplied by Wondfo, has played a crucial role in promptly diagnosing these diseases and effectively managing their spread.

The demand for efficient and swift diagnostic methods has increased in response to the rising prevalence of chronic diseases like diabetes, thyroid disorders, and autoimmune conditions. Point-of-care immunoassay tests (POC IAA) have emerged as a favored option among both healthcare providers and patients, as they offer quick results, enabling timely diagnosis and better management of these conditions. WHO's revelation that one in three adults worldwide is affected by obesity, along with IDF's report of 463 million adults with diabetes and AARDA's estimation of 23.5 million autoimmune cases in the US, highlight the scale and seriousness of these health challenges.

2. Tech Breakthroughs: Reshaping POC IAA Market in Brazil

Ongoing advancements in technology have led to the development of more accurate, sensitive, and user-friendly POC IAA testing devices. Improved technology encourages healthcare facilities and professionals to adopt POC IAA testing, leading to market growth. Monitoring devices offer advanced care, mobile monitoring, and drug details to patients. They range from health statistics monitoring to remote testing, enabling healthcare staff to share results with professionals. Diabetes is a major application area for POC IAA tests. POC glucose testing is a prominent application of POC IAA devices. The market for POC glucose testing is projected to grow.

3. Rapid Test Kits Revolutionize Outbreak Response in Brazil

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Utilizing rapid test kits in Brazil led to an impressive ~90% reduction in dengue cases, expediting early diagnosis and intervention, and curbing the spread of the disease (BioMed Research International).

With a remarkable 95% accuracy rate, rapid test kits provided timely identification of Zika virus infections, enabling prompt isolation and treatment measures in affected individuals (BMJ Journals). Rapid tests played a vital role in Brazil's efforts to combat chikungunya, facilitating targeted interventions that led to a significant 70% reduction in transmission rates of the disease (PLOS Neglected Tropical Diseases)

In conclusion, Point-of-Care (POC) IAA testing has emerged as a game-changer in Brazil's healthcare landscape, offering numerous advantages over traditional methods. With the support of advanced technology and rapid test kits, the country has been able to respond effectively to infectious disease outbreaks and tackle the rising prevalence of chronic conditions like diabetes. POC IAA testing's accessibility and convenience have transformed patient diagnosis, making a significant impact on healthcare outcomes in various settings beyond hospitals and clinics. As technology continues to evolve, the POC IAA market in Brazil is poised for further growth and innovation in the healthcare sector.

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According to Ken Research, strong future growth for the POC IAA market in Brazil, driven by increasing chronic diseases, technological advancements, and the demand for accessible and rapid diagnostics in diverse healthcare settings. As POC IAA testing becomes increasingly integral to Brazil's healthcare system, investment in innovative technologies and strategic partnerships are anticipated to fuel sustained growth in the market.

Also Read: Global Immunoassays Market, Brazil Healthcare IT Market, Brazil Medical Device Market, Medical Devices, Diagnostics, Diagnostic Imaging, Neurology Devices

Future Outlook of Oman Mattress Market: Ken Research

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What is the Size of Oman Mattress market? 

Oman Mattress market is growing at a CAGR of % in 2017-2022 and is expected to reach USD Bn by 2027. The mattress market in Oman has been experiencing significant growth in recent years, reflecting a mature and competitive industry. With increasing population and urbanization, leading to a higher demand for residential and commercial spaces. As more individuals and businesses set up homes and establishments, there is a growing need for mattresses, boosting market demand. Moreover, the increasing disposable income and improving standard of living in Oman have resulted in higher purchasing power among consumers.

As a result, there is a shift towards premium and more comfortable mattresses that offer better sleep experiences, including memory foam and orthopedic options. Additionally, advantage of the Oman Mattress market is the growing presence of international mattress brands and a diverse range of products available. These brands offer innovative and technologically advanced mattresses, catering to the evolving preferences of consumers seeking better sleep solutions. Therefore, the Oman Mattress market is witnessing notable growth, fueled by factors like population expansion, increasing disposable income, and a greater emphasis on sleep health.

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Oman Mattress market by end user

The Oman Mattress market is segmented by Household, Healthcare, Hospitality. In the Oman Mattress market, most dominant segment in the market is the household segment in 2022, this is due to the higher population of residential consumers who require mattresses for personal use in their homes.

As the population grows and urbanization continues, the demand for mattresses in households increases, making it the largest segment in the market. Therefore, the dominance of each segment can vary over time based on economic conditions, changes in consumer preferences, and developments in the healthcare and tourism sectors.

Oman Mattress market by type of mattress

The Oman Mattress market is segmented by type of mattresses into Innerspring, Memory Foam and Latex. Among these, Memory Foam is dominant mattress in 2022. Due to several reasons, Memory foam mattresses have gained immense popularity among consumers in recent years due to their unique features and benefits.

Additionally, Memory Foam mattresses often come with advanced features, such as motion isolation and hypoallergenic properties, making them suitable for various sleeping preferences and needs These attributes cater to a broad spectrum of consumers, further contributing to the dominance of Memory Foam mattresses in the Oman market.

Oman Mattress market by Region

The Oman Mattress market is segmented by Region into North, South, East, West.

In 2022, the region of north in Oman is known to manufacture a significant portion of mattresses and emerged as the dominant player in the Oman Mattress market, As the population in the North region grows and more individuals set up households or commercial establishments, the need for mattresses increases, contributing to potential market dominance.

Additionally, the North region of Oman is also home to a significant number of hospitality establishments, including hotels and resorts, which require a substantial supply of mattresses for their guest rooms. This demand from the hospitality industry further contributes to the potential dominance of the mattress market in the North region.

Competition Scenario in Oman Mattress market

The competition in the Oman Mattress market is intense, with a mix of domestic and international players compete for market share. Additionally, E-commerce and online retail platforms have also emerged as significant players in the Oman Mattress market.

With the increasing popularity of online shopping, consumers in Oman have access to a wide range of mattress options from both local and international brands. Moreover, to stay competitive, mattress manufacturers and retailers in Oman focus on product differentiation, marketing promotions, and providing excellent customer service. Many companies also emphasize the use of eco-friendly materials and sustainability in their mattress offerings to appeal to environmentally conscious consumers.

The Oman Mattress market is driving innovation, quality improvements, and customer-centric strategies, benefiting consumers with a diverse selection of mattresses to choose from.

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What is the Expected Future Outlook for the Overall Oman Mattress market      ?

The Oman Mattress market was valued at USD ~Million in 2022 and is anticipated to reach USD ~ Million by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027. Oman, mattress market is growing faster, driven by various factors and ongoing innovations, as the steady growth of the residential and commercial construction sectors in Oman, is expected attract more demand for mattresses.

Additionally, the expanding hospitality and tourism sectors in Oman are expected to grow demand for mattresses in the hotel industry. As Oman attracts more tourists and business travelers, hotels and accommodations will require a steady supply of comfortable and high-quality mattresses to ensure a pleasant guest experience. As more homes, hotels, and other accommodation facilities are built or renovated, the need for mattresses to furnish these spaces will increase.

Furthermore, the growing urbanization and rising disposable incomes in Oman are likely to boost consumer spending on household items, including mattresses. Urban centers are expected to witness higher demand for mattresses due to the concentration of population and economic activities.

The shift towards online shopping and the rise of e-commerce platforms in Oman are also expected to influence the mattress market. Consumers are increasingly embracing the convenience of online purchasing, allowing them to access a wide range of mattress options from various brands and compare prices easily.

However, the Oman Mattress market also faces some challenges. The competition from both local and international manufacturers and retailers may lead to price sensitivity among consumers, putting pressure on profit margins.

Moreover, the economic conditions in the region, as well as fluctuations in oil prices, can impact consumer spending and overall market growth. Companies in the mattress industry need to be adaptable to changing economic conditions and consumer preferences to remain successful.

Therefore, overall Oman Mattress market is positive, driven by factors such as increasing awareness of sleep health, growth in the construction sector, urbanization, and the rise of e-commerce. To thrive in the future, mattress manufacturers and retailers should focus on innovation, product differentiation, and providing excellent customer experiences to meet the evolving needs of consumers in Oman's dynamic market.

Market Taxomony

By Product Type

• Innerspring
• Memory Foam
• Latex
• Alternating Pressure
• Gel
• Hybrid

By Size

• Single
• Double
• Queen-size
• King-size

By End User

• Household
• Healthcare
• Hospitality

By Distribution Channel

• Specialty Stores​
• Furniture Retailers​
• Owned Franchise Stores​
• Online
• Others

Major Players across the Oman Covered in the Report

• IKEA
• Sleep Ezze
• Raha
• Al Hosni Group International
• JLH Mattress
• Medical Mattress World
• Amazon

Time Period Captured

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

Key Factors Considered in the Report

• Oman Mattress market Overview
• Executive Summary
• Market size and Segmentation of the Oman Mattress market, 2017-2022
• The government regulation and Growth driver
• SWOT Analysis
• Government Regulations/Initiatives for Market
• Growth Drivers of the Oman Mattress market
• Issues and Challenges of the Oman Mattress market
• COVID-19 Impact on the Overall Oman Mattress market
• Future Market Forecast for Oman Mattress market and by Segments, 2022-2027
• Company Profiles of Oman Mattress market Players
• Analyst Recommendations

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

Oman Mattress market Outlook to 2027F

Related Reports by Ken Research: –

Germany Mattress Market Outlook to 2027F

Nigeria Mattress Market Outlook to 2028F

Retail Revolution: Phoenix Market City Takes Bangalore by Storm! - Ken Research

Phoenix Market City is a popular chain of shopping malls in India owned by the K Raheja Corp Group. It is one of the leading retail destinations in several major cities, including Mumbai, Pune, Bangalore, Chennai, and others.

STORY OUTLINE

• Phoenix Market City offers a diverse retail mix, featuring a wide range of national and international brands in various product categories.
• The malls generate significant employment opportunities, benefiting local communities and contributing to economic growth.
• Phoenix Market City provides an elevated leisure experience with dedicated entertainment zones, multiplex cinemas, and recreational facilities for all ages.
• Spanning an impressive 1.4 million sq. ft., Phoenix Market City in Bangalore aims to revolutionize shopping and leisure habits, setting new standards for retail excellence.

Phoenix Market City malls have strategically positioned themselves in prime areas of major cities, ensuring easy accessibility to a vast population. In Bangalore, Phoenix Market city aims to revolutionize shopping and leisure habits with its unparalleled shopping centre—a one-of-a-kind experience unseen anywhere in the city before. Spanning an impressive 1.4 million sq. ft., Phoenix Market city is set to become the new benchmark for retail excellence in Bangalore.

1. From Fashion to Gadgets: Phoenix Market City's Diverse Retail Mix Has It All

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Phoenix Market City offer a diverse mix of national and international brands across various product categories, including fashion, electronics, home decor, entertainment, and dining. This variety attracts shoppers with different preferences and increases the chances of foot traffic.

Phoenix Market City malls typically house hundreds of retail stores, including both national and international brands. The total number of retail outlets may exceed 500 to 1000, depending on the size of the mall.

2. Phoenix Market City Empowers with Job Openings Galore!

Phoenix Market City malls create a multitude of job opportunities, encompassing roles such as retail staff, security personnel, administration, and more, contributing to significant employment in the local communities. The combined workforce across all Phoenix Market City locations has provided livelihoods to thousands of individuals, fostering economic growth and prosperity in the regions they serve.

Serving a vast community of more than 7000 working professionals within a spacious area spanning 2,50,000 sq. ft. Offering convenient access to a wide range of on-site services such as banks, ATMs, Forex, travel assistance, and various other amenities.

3. Phoenix Market City Elevates Leisure to New Heights

Explore More Events and Promotions Phoenix Mall

Developing entertainment zones, multiplex cinemas, gaming arcades, and other recreational facilities require additional investment to enhance the shopping experience.

Phoenix Market City malls have dedicated entertainment zones that offer a diverse range of activities, such as kids' play areas, interactive exhibits, and immersive experiences for visitors of all ages.

Phoenix Market City in Bangalore revolutionizes family and friends' quality time with: 30,000 sq. ft. of entertainment zones – bowling, skating, races, and more. Performance zones for movie promos, concerts. Soft zones for kids' play. Thrill zones with roller coasters and thrilling rides.

In conclusion, Phoenix Market City stands as a visionary retail destination, strategically positioned to meet the diverse needs of consumers. With its unparalleled shopping experience, extensive entertainment offerings, and positive impact on employment, it continues to redefine the way people shop, socialize, and spend quality time in major cities.

With Only A 3% Penetration Rate, Will Credit Card Industry Sustain Growth In India? : Ken Research

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With the onset of the coronavirus pandemic, contactless payments have seen a huge spurt in demand, which has resulted in increased issuance of debit as well as credit cards in the country. Over the last few years, the credit card industry has grown significantly in India with many developments happening in the space which include various innovations and changes in technology. Credit card issuers are also making efforts to bring more innovation and awareness to the segment that will contribute to the growth of India’s credit card market.
However, the adoption of credit cards has been fairly paltry across India, with only around 3% of the population having a credit card, which is way off the 30% benchmarks set by World Bank.
The Indian middle class mostly has a conservative stance towards credit card usage, with belief that high fees would ultimately lead to no benefit, and hence restrain themselves to use credit cards, which is definitely not a good sign. So, will the credit card industry in India sustain its positive growth in the future? Let’s find out.

1. The financial services sector has witnessed a massive shift towards digital technology; growth is primarily driven by retail loans and increasing penetration of credit cards in the economy

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2. The Credit Card Industry is currently in its growth stage, with Credit Card issuance growing at a roughly 20% CAGR over the last 5 years

3. Introduction of BNPL & increasing popularity of contactless payments post-pandemic among others is contributing to enhancing the adoption of Credit cards in the Indian Market

4. Adoption of Cashless Society coupled with adoption of usage of credit cards at Transit Systems are driving the Credit Card Industry Growth in India

5. To expand the consumer base and include NIP customers, Alternate Assessments like Employment letters, Fixed Deposits, Add-on cards, and Healthy bank balances are done

6. Though the Credit Card consumer base is at the expansion stage, there are a few challenges associated such as new regulations, and low penetration

7. However, Indian government is performing a major role in the journey of credit card adoption and helping the industry to thrive in the country with a CAGR of ~24% in the future.

Some of the Intelligence Curated by Ken Research in Credit-Card Space:

• Asia Credit Cards Market Outlook to 2025 - By Commercial and Personal Credit Cards; By Transactions at ATM and POS Terminals; by Total Cards in Circulation; Transaction Value and Volume through Issuers and Operators; and by Countries (Japan, South Korea, India, China, Indonesia, Philippines, Singapore and Others
• Turkey Cards and Payments Market Outlook to 2023 – Rapid Acceptance of TROY Cards and Contactless Cards Coupled with Rising Penetration of Credit Cards to Drive Market Growth
• Saudi Arabia Cards and Payments Market Outlook to 2023 – Increasing Penetration of Islamic Credit Cards Coupled with Rising Preference for Online Shopping to Drive Market Growth
• Brazil Cards and Payment Market Outlook to 2027F By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS and ATM's), By Payment Instruments (Credit Transfers, Direct Debit, Cheques, Cash and Payment Cards)
• Malaysia Buy Now Pay Later Market Outlook to 2027F Driven by Digitalization, Rising Tech-Savvy Population, Increasing M&A Deals, Partnerships between BNPL players and Banks along with shifting preference towards BNPL

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Indian Credit Card Industry