How will Smart Parking Solutions for Australia help it exceed the revenue of $4 Bn in the coming future? – Ken Research

 STORY OUTLINE

Technology Advancements: AI, machine learning, and image recognition enhance the user experience in parking management. L&T Technology Services' smart parking solution with AI capabilities streamlines the process.

Acquisitions for Connectivity: FLASH's acquisition of Ballparc drives connected mobility hubs and participation in the mobility economy, transforming isolated parking facilities into smart components of cities.

1. Rising demand for parking space is driving the market growth?

Advancing parking management opportunities

The parking management industry is expanding due to the rising demand for effective parking space usage worldwide. Today's increased automobile population leads to global mismanagement of parking places. The authorities managing parking spots invest more money in cutting-edge parking management technologies for maximum company performance and error-free operations. In large cities and non-residential regions, for example, between 50 to 70 percent of the land is designated for parking, as opposed to the global average of 35 percent in residential neighborhoods, while there are 8 parking spaces available for every vehicle in Australia. As a result, it is anticipated that demand for parking management systems will increase throughout the projection period due to the increased need for optimal parking space usage.

2. Driving into the Future: The Rise of Automated Parking Management Services

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Technology plays a critical role in transforming the parking management landscape, leading to increased efficiency, improved user experience, and optimized space utilization. The growing trend of automation in parking services is revolutionizing the way parking spaces are managed and accessed.

One of the significant advancements in parking management technology is the development of automated parking systems. These systems utilize various technologies such as machine learning, computer vision, sensors, and data collection to enable vehicles to park without the need for human intervention. Automated parking solutions can locate available parking spaces, guide drivers to the nearest spot, and even park the vehicle automatically. mobile applications and digital platforms play a vital role in technology-driven parking management. Mobile apps provide drivers with real-time information about available parking spaces, enable cashless payments, and allow for advanced reservations. Users can plan their parking in advance, reducing the time spent searching for parking and contributing to a more seamless traffic flow.

3. Parking Management Market Segmentation: Off-Street vs. On-Street Parking - Key Insights and Projections?

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The Parking Management Market is categorized into two segments based on parking site type; off-street parking and on-street parking. In 2022, the off-street parking sector dominated with a considerable market share due to the challenges posed by the increasing number of vehicles on the streets. Off-street parking is preferred for its convenience, speed, and reliability, making it an essential component of traffic management strategies.

Conversely, the on-street parking segment is projected to witness significant growth in the forecast period. This growth is attributed to its ability to improve access to public transportation stops and stations, while also addressing the issue of obstructive and disorderly parking on the streets. As cities prioritize efficient use of public spaces and aim for better urban mobility, on-street parking solutions play a crucial role in promoting smoother traffic flow and reducing congestion.

The parking management market is witnessing a transformative phase, driven by technological advancements and changing consumer needs. The integration of smart parking solutions, IoT-based sensors, real-time data analytics, and seamless payment systems has revolutionized the way parking is managed and experienced. As urbanization and vehicle ownership rates continue to rise, the demand for efficient parking solutions is expected to grow exponentially.

Uncovering Philippines' Logistics: Will it Triumph Over Customs Challenges and Resource Reliance? : Ken Research

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In the dynamic landscape of the Philippines' logistics industry, a crucial question looms: Can it maintain its growth trajectory while grappling with inefficient customs clearance processes and a heavy reliance on human resources? The industry's potential for expansion is undeniable, yet the road ahead is fraught with challenges. As the nation strives to position itself as a regional logistics hub, the intricate balance between sustained growth, streamlined customs procedures, and optimizing human capital becomes paramount. In this exploration, we delve into the interplay of factors shaping the industry's evolution. Want to know how the market navigates through these hurdles? Read the complete White paper.

1. Philippines, with a population of 113.9 Mn, is one of the most lucrative and fastest-growing economies in ASEAN with a GDP of $394 Bn in 2021, opens up a sea of opportunities for the logistics sector

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2. The country’s transportation sector suffered due to cross-border restrictions, but E-commerce played a crucial role in keeping the logistics market afloat during the pandemic

3. Government’s support with better Infrastructure, Rise in demand from E-Commerce Sector, and Growth in Digital Logistics are some of the growth drivers in the Philippines Logistics Market

4. Yet, the logistics industry faces challenges in the form of Inefficient custom clearance processes, high dependence on human resources, and traffic congestion in major regions indirectly affect the freight industry too

4.1 The Freight industry faces cascading issues driven by the logistics sector such as high traffic congestion and inefficient supply chain processes which leads to increased operating costs

4.2 Facing such shortcomings in the freight segments, the majority of the companies have GPS-enabled vehicles and are aiming to adopt modern technologies like platooning and autonomous vehicles in the coming years to make the industry more robust

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

• Vietnam Logistics Market Outlook to 2027 Driven by Infrastructural and Government Investments Coupled with the Growth of E-Commerce Sector in Vietnam
• UAE Cold Chain Market Outlook to 2027 Driven by rising consumption of dairy, meat and seafood, smooth domestic and international connectivity and automation in warehouses
• Vietnam Cold Chain Market Outlook to 2026 Driven by Rising Meat and Seafood Consumption and Increasing Awareness of Applying Cold Chain in Protecting Foods in Vietnam
• KSA Warehousing Automation Market Outlook to 2027 Driven by Bolstering Ecommerce Industry & Ambitious Government Plans for Digitalization to Pave Strong Grounds for Automation
• South Korea Warehouse Automation Market Outlook to 2027 Driven By increasing demand from end-user industries and factors such as increasing labor cost and labor shortage in the country

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Philippines Logistics Industry

Dubai Industrial City and Maersk Collaborate to Elevate UAE's Cold Chain Logistics Sector: Ken Research

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Dubai Industrial City and Maersk's collaboration revolutionizes UAE's cold chain logistics, boosting sustainability and efficiency. As the nation gears up for COP 28 in 2023, the partnership aims to elevate UAE's global logistics standing.

Storyline

1. Dubai Industrial City enhances UAE's industrial and logistics sector, supporting Operation 300bn strategy.
2. Maersk establishes UAE's cold store facility, meeting rising demand for cold chain logistics.
3. Maersk offers a comprehensive suite of cold chain solutions, including B2B/B2C fulfilment and value-added services.
4. As per Ken Research, Dubai Industrial City and Maersk partnership streamline logistics with integrated solutions, driving sustainable prosperity.

1. Dubai Industrial City Bolsters UAE's Industrial and Logistics Sector

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In pursuit of the operation 300bn strategy, Dubai Industrial City is leveraging its intelligent infrastructure and integrated solutions to strengthen the UAE's industrial and logistics sector. Aligning with the National Food Security Strategy and Dubai Economic Agenda 'D33,' the city aims to drive sustainable prosperity in the local industrial landscape. As the nation prepares to host COP 28 in 2023 and commemorates the 'Year of Sustainability,' Dubai Industrial City's strategic partnerships hold significant promise for the region's growth.

2. Maersk's Pioneering Cold Store Facility in UAE

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Maersk, a leading logistics company, takes a major step in the UAE's cold chain logistics by establishing its first cold store facility. With a capacity of 12,500 pallet positions, this cutting-edge facility responds to the surging demand for frozen, chilled, and ambient storage in the UAE. The state-of-the-art Cold Store facility is poised to transform the landscape of cold chain logistics in the region, offering a wide range of services and unmatched value to customers.

In addition to the Cold Store facility, Maersk is set to offer a comprehensive suite of cold chain solutions. The facility will cater to both B2B and B2C fulfilment operations, providing eCommerce solutions to retailers, distributors, and FMCG brands. Value-added services like co-packing, labelling, and repacking will further enhance the range of offerings. Last-mile delivery to retail outlets ensures seamless and efficient product distribution.

3. Seamlessly Integrated Logistics for Enhanced Efficiency

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Maersk's integrated logistics approach is set to revolutionize supply chains in the UAE. By combining the Cold Store facility with surface, air, and ocean transportation services, customs clearances, and supply chain management, the company offers a streamlined and efficient experience to its customers. The advanced warehouse management system provides clear visibility at the Purchase Order (PO) or SKU level, empowering businesses with greater control and predictability.

4. Dubai Industrial City's Role in Driving Sustainable Prosperity

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As part of TECOM Group's esteemed portfolio, Dubai Industrial City plays a pivotal role in driving growth and innovation in the region's industrial and logistics sectors. The city's commitment to sustainability, combined with strategic partnerships like the one with Maersk, positions Dubai as a leading global logistics hub. The collaborative efforts support the UAE's economic diversification plans, fostering long-term growth and sustainable development.

Conclusion

As per Ken Research, the collaboration between Dubai Industrial City and Maersk signifies a crucial step in transforming the UAE's cold chain logistics sector. With a focus on sustainability, efficiency, and innovation, this strategic partnership promises to elevate the nation's position as a key player in the global logistics landscape. As the UAE embraces the 'Year of Sustainability' and prepares to host COP 28 in 2023, the integration of intelligent infrastructure and advanced technologies holds the potential to revolutionize the cold chain industry and enhance overall economic growth.

The US Still Images Market is expected to reach ~US $ 2 Billion by 2028: Ken Research

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The US Still Images Market is segmented heavily in sectors like medical imaging, advertising, web designing etc. making this market heavily prolific, with an expectation to reach a market value of ~US $ 2 Bn by 2028.

STORY OUTLINE

• Increased demand for visual content has pushed the rise of Still Images Market in US.
• Since the Covid-19 pandemic, the demand for total visual representation, has marked the growth of the market.
• Social Media influencers requires a lot of still images to expand their reach out to the world, making their demand grow the market even more.
• Web Designing, creative projects and designs and developments, require mostly still images or stock images to begin with, marking the demand increase in the

Emerging Players in US Still Image Market

1. Eased demand for visual content has pushed the rise of Still Images Market in US.

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• Increasing demand for visual content creation has surged due to the rise in increased use of online domains like social media, blogs, online broadcasting
• Since visual is responsible for proper understanding of the topic, businessmen and creators are increasing their shift to visual content by 80%.
• With visual content, success rate for the companies creating content has gone up by 90%.
• With increased visual content in social medias, 94% more views, higher click-through-rate and a 12% increase in web traffic has been observed, making all the markets to grow with it.

According to Ken Research, the US Still Image Market has been ever growing since visual representation was made an important requirement in the corporate and other informative sectors, tending to millions of needs and transforming the traditional ways into innovative graphical infographics, making understanding easier. The US Still Image Market is climbing with the total digitization ranging from various sectors with an expected market value of ~US $2 Billion by 2028.

2. Since the Covid-19 pandemic, the demand for total visual representation, has marked the growth of the market.

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• Covid-19 has resulted in a surge for online content visualization, online transaction with at least 55% visual representation of how to use that particular system.
• With a shift from traditional office commute to a work-from home condition, resulted in the visual transformation of the workspace and modules, with 7% rise in work flow success rate.
• A visual representation has successfully resulted in the 10% increase in memory retention in the workspace.
• With visual representation, an updraft of memory retention has proved the increase in employee output, surging the individual companies.

3. Social Media influencers requires a lot of still images to stand out, making their demand grow the market even more.

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• Upgraded Visual Appeals and User Experience, helps stimulate the better understanding of the subject required, resulting in more engagement.
• Social Media and Branding are the current emerging techniques, with promising results ensuring customer’s memory retention.
• With platforms like Instagram, Facebook, Twitter, the demand for still images has gone up due to engaging content that requires still images to begin with.
• With the increase in diverse projects, companies are now making progress by adding visual representation or infographics, in order to retain information much better.

4. Web designing, creative projects and designs demands the most still images to begin with, marking the demand increase in the market.

Leading Players In US Still Image Market

• With AI and Machine Learning, newer and automatic image generation has made a 20% rise in the market.
• With huge infrastructure supported by high speed internet, a high traffic in image generation has been observed.
• LinkedIn has shown to be the most effective in making its infographics and visual representation, with a 97% rise in usage.
• A rise of 74% social media users have been observed since the still images are being used at a larger amount.

Conclusion

According to Ken Research, the US Still Images Market is evolving with the rapid digitization occurring worldwide. With the diversity in projects and content, visual representation has become a deemed necessary asset that is helping every individual get a better grasp of things. With a vision of rapidly upgrading the informative world, the US Still Images Market is pushing its boundaries and is expected to reach a ~US $2 Billion, by 2028.

The Powerhouse Behind Vietnam Logistics Market: Freight Forwarding Sector Generates over USD 50 Bn in 2022, Fueled by Growing Road Freight Transport Sector and Favorable Government Regulations. What Lies Ahead? Ken Research

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The Vietnam Logistics Market is highly fragmented with competitive rivalry among the competitors. Some of the popular logistics brands like Vietnam Post, DHL and Viettel Post compete on the basis of revenue, location, warehousing space, number of warehouses and number of fleets.

1.Driving Forward: Vietnam's Growing Road Freight Transport Sector Expands with Government-led Infrastructure Development.

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Vietnam’s road quality urgently needs improvement given that road transport is the backbone of the country’s logistics and transport industry. 20% of roads are paved with medium to low-quality materials that result in cracks and bumpy surfaces.

Construction of 1,800 Km HCMC-Hanoi highway will aid transport and goods movement throughout the country.By 2030, the Government aims to achieve a cargo transportation capacity of 4.4 Bn tons and a road transport capacity capable to move 2.7 Tons of cargo per year.

2.Unraveling Vietnam's Government Rules and Regulations: Navigating Freight Forwarding's Transportation and Capital Requirements.

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Regulation on Road Freight:

• Permissible width of loading cargoes should not exceed 1.1 times of the total length of the vehicle not more than 20.0 meters.
• Rudimentary vehicles are not allowed to load cargoes exceeding the rear and front more than the 1/3 of body length.

Regulation on Air Freight:

Charter Capital Requirements for airlines with maximum of:

• 10 aircrafts: $ 29.8 Mn (international) and $ 12.8 Mn (domestic transportation).
• 11-30 aircrafts: $ 42.6 Mn (international services) or $ 25.5 Mn (domestic flights)
• 30 aircrafts: $ 55.4 Mn (international) and $ 29.8 Mn (domestic).

Market Maxomony

Vietnam Logistics Market Segmentation

By Service Mix

• Freight Forwarding
• Warehousing
• CEP
• Value Added Services

Vietnam Freight Forwarding Market Segmentation

By Mode of Freight

• Road Freight
• Sea Freight
• Air Freight

By Type of Freight

• International Freight
• Domestic Freight

By Types of Operators

• Small Fleet Operator (SFO)
• Medium Fleet Operator (MFO)
• Large Fleet Operator (LFO)

By End-User

• Retail
• Oil and Gas
• Textiles
• Pharma
• Others

Vietnam Warehousing Market Segmentation

By Warehousing Types

• General/Industrial/Retail
• CFS/ICD
• Cold Storage
• Agriculture and Others

By Warehouse Locations

• Northern
• Central
• Southern

By End-User

• Retail
• Oil and Gas
• Textiles
• Pharma
• Others

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Major Players Mentioned in the Report:

• Yusen Logistics
• Transimex
• Gemadept Corporation
• Maersk
• Kuehne+Nagel
• MP Logistics
• ITL
• Vietnam Post
• Viettel Post
• Vietnam Maritime Corporation
• Expeditors
• Bee Logistics
• DB Schenker
• Vinafrieght Joint Stock Company
• CJ Gemadept
• Ceva Logistics
• GHN Express
• DHL VNPL Express
• EMS

Key Target Audience

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

Time Period Captured in the Report:

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

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

Vietnam Logistics Market Outlook to 2027

Related Reports by Ken Research: –

Indonesia Logistics Market Outlook to 2027

Global Industrial Robotics Market Size & Share Report – Ken Research

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What Is The Size Of Global Industrial Robotics Industry?

Global E-Bike Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027.

The Global E-Bike Market is largely Factors such Rising penetration of the IoT and investments in robotics across regions have been major contributors to the market's growth. For instance, the “Made in China 2025” announcement aimed to broadly upgrade the Chinese industry by moving toward quality-focused and innovation-driven manufacturing. However, high cost of investment hinders the market growth. Furthermore, improvement in automation infrastructure is expected to offer lucrative opportunities for the industrial robotics market growth. Governments of various countries are taking initiatives to improve the automation sector by encouraging R&D in the industry alongside inviting investments.

Industry 4.0, the newest industrial revolution, has fueled the development of new technologies, like collaborative robots, AI-enabled robots, etc., and has enabled industries to use robots to streamline many processes, increase efficiency, and eliminate errors. Increased workplace safety and improved production capabilities have further driven industries to invest in robotic systems.

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Global Industrial Robotics Market segmentation by Robot type

The Global Industrial Robotics Market is segmented by type into Linear Robots, Articulate Robots, SCARA, Cylindrical Robots & Others. The Articulate robot type accounted for the largest share of market whereas the cylindrical segment is expected to witness growth at the highest CAGR during the forecast period.

Global Industrial Robotics Market Segmentation By End-User

The Global industrial Robotics Market is segmented by End-user type into Automotive Industry, Chemical Construction Industry, Construction Chemical, Food & Beverage Industry, Pharmaceutical Industry & Others. The Automotive Industry accounted for the major chunk of market share.

Global Industrial Robotics Market Segmentation By Region

The Global Industrial Robotics Market is segmented by region into Asia Pacific, Europe, Latin America, Middle East, North America Others. The Asia Pacific dominated the industrial robotics industry in 2022 and contributed toward a share of over 65%. The region is expected to dominate throughout the forecast period as well.

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Competition Scenario In Global Industrial Robotics Market

The Global Industrial Robotics market is a highly competitive and diverse industry with many major players operating in the region. Here are some of the leading catering companies in the global Industrial Robotics Market. Top players such as ABB Ltd, Yaskawa, Denso Corporation, Fanuc Corporation, Kuka AG market is largely driven by rising demand for automation.

What Is The Expected Future Outlook For The Industrial Robotics Market Across The Globe?

The Global E-Bike Market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027. 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 Global Industrial Robotics Market is driven by rising penetration of the IoT and investments in robotics across regions. For instance, the “Made in China 2025” announcement aimed to broadly upgrade the Chinese industry by moving toward quality-focused and innovation-driven manufacturing.

Some of the major factors driving the market include rising demand for high-quality products (which need proper end-to-end visibility in the manufacturing process), the need for energy conservation, and rising focus on workplace safety. Incremental advancements in technology, coupled with a sustained increase in the development of manufacturing facilities, are also expected to drive this market, for instance, according to the Association for Advancing Automation (A3), which monitors industrial robot sales in North America. Companies ordered 44,196 robots in 2022, 11% more than in 2021.

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

Industrial Robotics Market

Australia Lubricant Market on Fast Track with Impressive ~5.9% Projected CAGR by 2027: Ken Research

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The lubricant market in Australia was dynamic and competitive, with both domestic and international companies operating in the market. The industry attracted various players offering a wide range of lubricant products and services.

STORY OUTLINE

• The demand for automotive lubricants in Australia is projected to rise significantly due to the increasing production and sales of light commercial vehicles and heavy-duty vehicles, particularly for trade transport purposes.
• The automotive sector plays a crucial role in lubricant consumption, driven by the growing number of vehicles on the road and a rising ownership rate, leading to higher demand for automotive lubricants.
• The expansion of the industrial sector, including manufacturing, mining, construction, and agriculture, further contributes to the overall demand for lubricants in Australia as machinery and equipment require proper lubrication for optimal performance.
• Environmental concerns have sparked an evolution in the lubricant market, leading to a growing demand for eco-friendly and sustainable lubricant solutions to meet consumer preferences and comply with environmental regulations.

Explore More About Automotive Lubricant Industry

The rising production and sales of both light commercial vehicles and heavy-duty vehicles, particularly for trade transport purposes, are projected to drive the demand for automotive lubricants across Au in the foreseeable future. The automotive sector plays a crucial role in lubricant consumption in the country, with an increasing number of vehicles on the road and a growing ownership rate, leading to a corresponding increase in demand for automotive lubricants. Additionally, the expansion of the industrial sector, encompassing manufacturing, mining, construction, and agriculture, further contributes to the overall demand for lubricants in Australia.

1. Rising Vehicle Sales Fuels, the Australia Lubricant Boom

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The automotive industry's revenue in Australia has reached an all-time high, largely driven by increased vehicle sales and servicing demands. Over the last year, vehicle sales in Au have experienced a consistent rise of 15%.

Australia's automotive sector experienced consistent growth, with rising vehicle sales over the years. This trend boosted the demand for automotive lubricants as more vehicles were on the road, requiring regular maintenance and lubrication.

With more Australians purchasing new vehicles, the demand for quality lubricants has soared. Manufacturers, distributors, and retailers in the lubricant industry are experiencing a boost in business, as they strive to meet the needs of this expanding market.

2. Industrial Expansion Fuels a Booming Australia Lubricant Market

The expanding industrial sector, including manufacturing, mining, construction, and agriculture, drove the demand for lubricants. As industries grew, the need for lubricants to ensure the smooth functioning of machinery and equipment also increased.

Australia's mining industry plays a critical role in the nation's economy, given its abundant mineral and natural resource deposits. As a significant consumer of lubricants, the mining sector heavily relies on these products for maintaining its heavy mining equipment.

Lubricants are essential in this industry as they contribute to improved equipment productivity and reduced downtime, ensuring the smooth functioning and longevity of mining machinery.

3. Environmental Concerns Fuel Australia's Lubricant Market Evolution

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The growing environmental consciousness among consumers and industries led to an increasing demand for environmentally friendly lubricants with lower environmental impact, driving the market for bio-based and sustainable lubricants.

Several lubricant manufacturers and suppliers in Australia have been investing in research and development to offer sustainable lubricant solutions to meet the growing demand for eco-friendly products.

The adoption of environmentally friendly lubricants in various industries, including automotive, industrial, and marine, has been on the rise, driven by environmental regulations and consumer preferences.

Moreover, the lubricant market is undergoing a transformation fueled by environmental concerns, with a rising demand for eco-friendly and sustainable lubricant solutions. Manufacturers and suppliers are investing in research and development to cater to this growing segment, aligning their products with environmental regulations and consumer preferences.

Will Innovation and Demand Drive Unprecedented Growth in the US Real Estate Services Market? : Ken Research

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National home prices reach record high amid signs of weakening market, with the Pacific division experiencing sharp price declines.

Existing-home sales hampered by housing inventory shortage as sellers hold on to lower-rate mortgages, hindering market growth.

2. Opportunities remain in US real estate service market despite headwinds

US real estate transactions, 2022

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The latest Federal Housing Finance Authority (FHFA) House Price Index (HPI) shows national home prices rose at a seasonally adjusted rate of 0.7% between March and April and 3.1% from a year ago, culminating in the index reaching a new record high of 400 in April. The FHFA HPI is a collection of indices measuring single-family home values across all 50 states and over 400 cities using data derived from conforming mortgages provided by Fannie Mae and Freddie Mac.

The census divisions East South Central and New England showed the biggest 12-month price gains at 6.1% and 6%, respectively, according to the index. The Pacific experienced the sharpest price declines from last year at -3.8%.

Though existing-home median sales prices are down from their eye-watering June 2022 peaks, prices have been creeping back up since February.

The median existing-home sales price in May rose to $396,100, according to the National Association of Realtors (NAR). However, this is down 3% from a year ago and the fourth consecutive month of year-over-year national home price declines after a 131-month streak of record increases.

2. Some Experts Foresee Sluggish Housing Market Recovery

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Although weekly averages for 30-year mortgage rates are down from their fall 2022 peak, if the ongoing oscillation between 6.5% and 7% continues—or rates break through 7% again—it’s hard to imagine housing market conditions significantly improving anytime soon.

Considering there are still 91% of borrowers with mortgage rates below 6% and roughly 82% of homeowners sitting on rates below 5%, according to Redfin, a sustained uptick in mortgage applications isn’t likely to materialize in the immediate future.

“Purchase applications increased for the third consecutive week to the highest level of activity since early May but remained more than 20% lower than year-ago levels,” said Joel Kan, vice president and deputy chief economist at the Mortgage Bankers Association. Existing-home sales continued to be held back by a lack of for-sale inventory as many potential sellers are holding on to their lower-rate mortgages.”

Mortgage originations amounted to only $344 billion in the first quarter of 2023, their lowest total since the second quarter of 2014, according to a Freddie Mac report. Meanwhile, though existing-home sales did record a nominal gain of 0.2% from April to May, sales are down 20.4% from a year ago, per NAR.

The US real estate market remains a dynamic and influential force, shaped by various factors, including economic conditions, population trends, technological advancements, and shifting consumer preferences. Over the years, it has shown resilience and adaptability, with periods of both growth and challenges. Despite occasional fluctuations, the market continues to hold significant potential for investors, homeowners, and industry professionals alike.

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US Real Estate Industry

Shopping Showdown: Phoenix Market City vs. Orion Mall - Which Reigns Supreme? – Ken Research

 Orion Mall and Phoenix Market City are both prominent shopping destinations in Bangalore, India. Each offers unique experiences and features that cater to diverse customer preferences.

STORY OUTLINE

• Orion Mall and Phoenix Market City are two prominent shopping destinations in Bangalore, offering unique experiences to cater to diverse customer preferences.
• Orion Mall, established in 2012, boasts upscale retail space with a curated selection of luxury brands, targeting discerning shoppers seeking premium experiences.
• Phoenix Market City, established in 2011, stands as Bangalore's largest mall, covering a vast area with a diverse mix of brands, appealing to a broader audience.
• Both malls provide an array of dining options to cater to different tastes and budgets, from upscale restaurants to family-friendly eateries.
• The entertainment offerings at Phoenix Market City attract a higher footfall, featuring a larger entertainment complex compared to Orion Mall, which focuses on providing a premium cinema experience.

Opening its doors in 2012 in Bangalore, Orion Mall has quickly gained renown for its sophisticated and elegant ambiance, drawing in discerning shoppers in search of a premium and upscale shopping experience.

Established in Bangalore in 2011, Phoenix Market City stands as the city's largest mall, spanning an extensive area of 1,400,000 square feet (130,000 m2), with 1,000,000 square feet (93,000 m2) designated for retail space spread across four floors. Housing a remarkable assortment of 296 stores, a cutting-edge nine-screen PVR Cinemas multiplex, and a diverse food court, the mall is designed to cater to the diverse needs of its visitors.

1. Orion and Phoenix Compete in Retail Space and Brand Diversity

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Orion Mall: Orion Mall boasts a vast retail space of approximately 8,00,000 sq. ft., offering a curated selection of luxury and high-end brands. It caters to upscale shoppers seeking premium shopping experiences.

Phoenix Market City: With an expansive retail area of around 8,20,000 sq. ft., Phoenix Market City accommodates a diverse mix of brands, catering to a broader audience, including mid-range and popular brands.

2. Orion Mall vs. Phoenix Market City - The Battle of Dining Delights

Explore Customer and Retailer Perception

Orion Mall: Offers a selection of upscale restaurants and fine dining options, catering to gourmet enthusiasts. It hosts approximately 40 premium dining outlets.

Phoenix Market City: Provides a diverse range of dining choices, including fast-food outlets, cafes, and family-friendly restaurants. The mall features around 70 dining establishments, appealing to various tastes and budgets.

3. Orion and Phoenix Compete for Bangalore's Entertainment Crown

Discover Customer Survey Index for Events and Promotions

Orion Mall: Features a multiplex cinema with state-of-the-art facilities, offering a premium movie-watching experience. The cinema attracts an average of 3,000 moviegoers per week.

Phoenix Market City: Boasts a larger entertainment complex, including a multiplex cinema, gaming zones, and an indoor amusement park. On average, the entertainment facilities attract over 6,000 visitors per week.

4. Phoenix Market City vs. Orion Mall - The Ultimate Parking Face-Off

Orion Mall: Conveniently caters to shoppers and visitors with parking space for about 2,500 vehicles.

Phoenix Market City: Accommodates a higher volume of shoppers and event attendees, offering parking facilities for around 3,000 vehicles.

5. Phoenix vs. Orion - Who Draws the Bigger Crowds?

Orion Mall: Witnesses an average annual footfall of around 4 million visitors, driven by its premium retail offerings and upscale positioning.

Phoenix Market City: Records a higher annual footfall of approximately 6 million visitors, owing to its diverse brand mix, vibrant events, and entertainment offerings.

In conclusion, Orion Mall and Phoenix Market City represent two prominent shopping landmarks in Bangalore, each catering to distinct shopper preferences. While Orion Mall boasts upscale luxury retail and a refined ambiance, Phoenix Market City's vast space and diverse brand mix appeal to a broader audience. Both malls excel in providing dining options, but Phoenix Market City's entertainment offerings draw a larger footfall. Ultimately, these shopping destinations enrich Bangalore's retail landscape, offering unique experiences for all.

Future Outlook of UK Real Estate Service Industry: Ken Research

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What Is The Size Of UK Real Estate Service Industry?

UK Real Estate Service market is growing at a double digit CAGR in 2017-2022 and is expected to reach UKD ~ Bn by 2028. The UK Real Estate Service Market is largely driven by a strong and growing economy creates demand for commercial properties, office spaces, and residential housing, leading to increased opportunities for real estate services. As the population grows, there is a higher demand for housing and infrastructure development, driving the need for real estate services in both residential and commercial sectors. UK Real Estate Service Market is at a growing stage. It is a fragmented market with the presence of many companies.

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The market has seen emergence of abundant players in the past 5 years and the industry will further boost owing to the needs and wants of consumers for a more customized pet food platform. Few major UK Real Estate Service players are Jones Lang Lasalle Incorporated, CBRE Group Inc., Brookfield Properties LLC, Home services of America Inc., Cushman & Wakefield Holdings Inc., Silverpeak Real Estate Partners LP, The Long & Foster Companies Inc. etc. North America to dominate the global cat food market. An increase in awareness and lifestyle changes is the fundamental driver of Pet market growth. Customers are more likely to remain loyal when their needs are customized.

UK Real Estate Service Market Segmentation by Property Types

The UK Real Estate Service market is segmented by Property Types. Residential property was the dominant form.

UK Real Estate Service Market Segmentation by Service

The UK Real Estate Service market is segmented by Service. Property Management was the most dominant in 2022.

UK Real Estate Service Market Segmentation by Region

The UK Real estate service market is segmented by Region into England, Wales, Northern Ireland, Scotland and Other Regions. England held the major market share in market in 2022.

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Competition Scenario in UK Real Estate Services Market

The UK real estate service market is fragmented. The report covers the major players operating in the United States Real Estate Services. The UK real estate services market has both international and local players. Some of the prominent players in the industry are Jones Lang Lasalle Inc., CBRE Group, Brookfield properties LLC, Home services of America Inc., and Cushman & Wakefield Holdings Inc. The growing real estate market, adoption of new technology by real estate services providers, and a few other factors will increase the growth of the market.

What Is The Expected Future Outlook For The Overall UK Real Estate Services Market?

The UK Real Estate Services market was valued at UKD ~ billion in 2022 and is anticipated to exceed UKD ~ billion 2028, witnessing a robust CAGR during the forecast period 2022-2028. 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 UK Real Estate Services market is driven by the trend of people moving to urban areas drives demand for real estate services, as cities expand, and new properties and developments are required.

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Low mortgage rates encourage homebuying and real estate investment, leading to increased demand for real estate services like property sales and mortgage financing. The government has set forth ambitious strategies to leverage digital technologies extensively in enhancing its services, processes, and decision-making capabilities, as well as facilitating efficient data sharing with the public. Similarly, in response to the increasing demand for sustainable housing solutions, real estate companies have been introducing novel and innovative products into the market.

The concept of sustainable construction practices is proving to be a highly advantageous investment and a responsible choice for the environment when it comes to real estate development. With increasing concerns about the ecological impact of building materials and waste management in construction, there is a push for new policies and legislation that require developers to prioritize sustainable building materials and adopt eco-friendly construction practices. These measures aim to ensure that real estate projects take responsibility for minimizing their environmental footprint and contribute to a more sustainable and greener future for the industry. The global real estate market is projected to grow significantly during 2022-2028, driven by increasing awareness of sustainable development and eco-friendly construction practices. Governments are adopting green building certifications and policies to encourage responsible choices among real estate developers and investors.

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UK Real Estate Service Market Outlook to 2028

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