Wednesday, August 23, 2023

Lights, Camera, VOX: The Reigning Giant of UAE's Cinema Market : Ken Research

 VOX Cinemas is one of the leading cinema chains in the UAE and the wider Middle East region, operated by Majid Al Futtaim, a leading shopping mall and leisure company.

STORY OUTLINE

Impressive Cinema Presence: VOX Cinemas operates numerous locations in the UAE, with 11 cinemas in Dubai, 5 in Abu Dhabi, and a total of 28 cinemas in Dubai City.

Technological Advancements: VOX Cinemas leads in technological breakthroughs, incorporating cutting-edge features like laser projection, Dolby Atmos sound, IMAX, and 4DX experiences, enriching the movie-watching experience.

Dominant Player: As the largest and fastest-growing exhibitor in the Middle East, VOX Cinemas dominates the UAE's cinema scene, staying ahead of competitors like Novo and Star Cinema.

Expansion Plans: VOX Cinemas is geared towards growth, with plans to invest Dhs ~2 bn in developing 600 screens in Saudi Arabia by 2023, demonstrating its commitment to regional expansion.

Focus on Local Content: Part of their strategy includes producing 25 Arabic movies in the next five years, aiming to cater to the preferences of the local audience and contribute to the growth of Arabic cinema.

VOX Cinemas operates numerous cinema locations in the UAE, offering a wide range of movie screening options to audiences. VOX Cinemas, the largest and fastest-growing exhibitor in the Middle East, boasts an impressive network of 57 locations with a total of 573 screens across the region. In the UAE alone, they operate 237 screens, and their reach extends to Lebanon, Oman, Bahrain, Egypt, Saudi Arabia, and Kuwait with a strong presence of 15, 63, 30, 44, 149, and 17 screens, respectively.

  1. VOX Cinema: Revolutionizing Fun with Technological Breakthroughs

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VOX Cinemas has been at the forefront of technological advancement in the cinema industry, continually enhancing the movie-watching experience for its audiences. Some notable technological advancements implemented by VOX Cinemas include:

  • Laser Projection: VOX Cinemas has adopted cutting-edge laser projection technology, providing viewers with superior image quality, vibrant colors, and enhanced clarity on the big screen.
  • Dolby Atmos Sound System: The cinemas are equipped with Dolby Atmos, an advanced audio technology that delivers immersive, three-dimensional sound, enveloping the audience from all directions.
  • IMAX and 4DX Experiences: VOX Cinemas offers IMAX and 4DX screenings, providing viewers with larger-than-life visuals and motion seats that move in sync with the on-screen action, creating an interactive and engaging cinematic experience.
  1. Box Office Royalty: VOX Dominates UAE's Cinema Scene

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Vox stands as the front-runner in the UAE Movie Cinema Market, facing competition from challengers like Novo and Star Cinema. Vox is a Leader due to strong vision with plans of investment and strong ability to execute. Reel Cinema is a Visionary since it has plans to expand.

VOX Cinemas boasts the most extensive cinema presence in the UAE, with 11 locations in Dubai and 5 in Abu Dhabi. Out of the 69 cinemas, an impressive 28 are situated within Dubai City.

  1. Game-Changing Strategies: How to Dominate and Be the Best

VOX Cinemas excels by customizing each cinema location to match the local market and customer preferences. With a diverse array of experiences, including luxury concepts, THEATRE, and GOLD, they also feature the signature MAX concept, offering mega-screens and Dolby Atmos surround sound for the ultimate blockbuster experience.

VOX Cinemas aims to invest Dhs 1.96 bn in developing 600 screens across Saudi Arabia by 2023. As part of its strategy, VOX Cinemas plans to produce 25 Arabic movies within the next five years.

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In conclusion, VOX Cinemas stands as a pioneering force in the entertainment industry, revolutionizing the movie-watching experience with its state-of-the-art technology and diverse cinema offerings. With a strong presence in the UAE and ambitious expansion plans across the Middle East, VOX continues to lead with innovative strategies, solidifying its position as a game-changer in the region's cinema market.

U.S. Flat Glass Market reached 28 billion US$ in 2022, lets explore the factors behind this growth: Ken Research

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The US Flat Glass Market is expecting steered growth through increased Urbanization, technological advancement, rise in Internet Penetration, increased E-Commerce Electronics expenditure, Infrastructural Development, Automotive industry Growth, and Solar installations.

Story Outline

  • Increased Building Permits and Residential Construction leading to the evolution of the US Flat Glass Market.
  • Solar Panel installations were at its peak during 2022, and even the start of 2023 has witnessed around 2 gigawatts of solar capacity being installed leading to increased production of Solar Panels Which directly benefits US Flat Glass Market.
  • Increased Urbanization is leading to a rise in demand of light commercial vehicles for transportation of goods which is helping US Glass Market to grow.
  • With an Internet Penetration rate of around 91%, high E-Commerce Electronics spending is noted among the US population leading to increased use of Flat Glass.

The US Flat Glass Market which is expected to grow at a CAGR of 6% in the forecast period 2023-2028, is being driven by increased Urbanization, rise in residential construction permits, high Internet Penetration rate, and growing awareness about Solar Energy

1.Urbanization leading to increased Infrastructural development and construction sites helping US Flat Glass Market achieve excellence.

US Flat Glass Market

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The stats show the total construction done in US from the year 2005-2022. As of May 2022, total Residential construction done was around 935.15 billion USD, Non-Residential approx. 490.20 billion USD, and Public around 345.45 billion USD. US Construction is a major contributor to US economy. The industry creates approx. 1.7 trillion USD worth of structures every year.

Flat glass is mainly used for construction, architecture, and infrastructural development due to its features and many other options it offers. A notable rise in US building permits is also seen at a rate of around 5.7% in May 2023 leading to more construction sites and an increased need for architectural glass in the construction of those buildings.

An increased Urbanization rate of around 18% is seen in US from 2010 to 2021, leading to enhanced infrastructural development and residential construction which is helping US Glass market grow at an expected CAGR of 6% in the forecast period of 2023-2028.

2.Growing awareness of Solar energy utilization, becoming the reason for the growth of the US Flat Glass Market.

US Flat Glass Market

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The number of solar installations was at its peak in 2022. The cumulative Solar Photovoltaic PV capacity of Us in 2002 was approximately 111.5 gigawatts (GW). It is seen that solar panels installations in the first few months of 2023 have been commendable with around 6.2 gigawatts of solar capacity being installed. This number is enough to power more than 4 million homes.

Solar Panels are made of toughened glass also called tempered glass. The specific qualities of this glass make it suitable for manufacturing solar panels.

Solar energy is one of those power that is renewable, generated from clean source, doesn’t produce carbon emissions, and is available each and every day, even on cloudy days. The unlimited benefits like Solar Investment Tax credit, low cost, and increased demand across Private and Public sectors is helping US Flat Glass Market to grow at a considerate level.

According to the report released by Solar Energy Industries Association (SEIA) and Wood Mackenzie, the solar market is expected to total installed capacity of 379 gigawatts by 2028. The increased awareness and demand for solar panels is directly benefitting the US Flat Glass Market in its growth.

3.Automotive industry growth, increased vehicle manufacturing giving US glass market a promised growth.

US Flat Glass Market

The stats show the total vehicle sale in US from July 2022 to April 2023. The total sales were approx. 15 million in April 2023.

Automotive glass is useful in the manufacturing of Windscreens, and windows, it protects cars from UV rays, rain, fog, dust, and wind. With an increased rate of urbanization of around 18% from 2010-2021; the demand for light commercial vehicles also increased for transporting goods.

As a result, the US automotive industry produced approximately 10.05 million vehicles including passenger cars, light commercial vehicles, heavy trucks, buses, and coaches in 2022. The increased production and growing demand for vehicles are helping US Glass Market to grow at an expected CAGR of 6% in the forecast period 2023-2028.

4.High Internet penetration rate increasing E-Commerce Electronics spending of consumers leading to high revenue of US Smart Glass Market.

US Flat Glass Market

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The stats show the percentage of the population using internet. The active internet users in US as on January 2023 were approx. 311.3 million. The internet Penetration rate stood at around 91% of the total population at the start of 2023.

An increase in internet activity of people in US has led to a rise in e-commerce spending power of people; the E-Commerce sale of US was around 88 million USD in 2022. As a result, the E-commerce electronic market has seen a visible rise in its market size. Shopping for electronic products has become easier and more convenient for customers due to rising internet penetration.

As a result the US Flat Glass Market is directly benefitted because of increased internet penetration and technological advancement.

Conclusion

The US Flat Glass Market is growing at a considerate level with the help of its end-user industries (Construction, Automotive, Solar, Electronics, Furniture, and others). Expecting growth with a CAGR of 6% the US Flat Glass Market is ready to gain more benefits from increasing Urbanization, a high Internet penetration rate, and increase in the E-Commerce spending capacity of customers.

Wondfo's POC Immunoassay Analyzers: Revolutionizing Healthcare in Brazil: Ken Research

 Wondfo is a well-known Chinese biotech company that specializes in producing and distributing rapid diagnostic test kits for various medical purposes. Wondfo reported a net cash flow of ~16 billion from operating activities in the year 2022.

STORY OUTLINE

  • With innovative "Nine Technology Platforms," Wondfo drives point-of-care diagnostics, ensuring swift and reliable testing, improving patient outcomes in Brazil.
  • Wondfo's wide range of rapid test kits, including infectious diseases and pregnancy tests, meet healthcare needs, gaining popularity in Brazil.
  • Wondfo's R&D breakthroughs led to U-Box and U-Card Dx systems' success, while dual-core strategy and product innovations drive expansion.
  • Wondfo's rapid test kits and cutting-edge technology elevate diagnostics, contribute to targeted interventions, and improve disease management in Brazil.

Brazil POC Immunoassay Analyzers market

Wondfo has established a significant presence in Brazil's healthcare market, with its rapid diagnostic test kits widely utilized across various medical applications. With a focus on continuous innovation, Wondfo plays a crucial role in advancing point-of-care diagnostics in Brazil, contributing to improved patient outcomes and better disease management. The company's "Nine Technology Platforms" offer a diverse array of testing capabilities, including immune colloidal gold, immune-fluorescence, electrochemistry, dry biochemistry, chemiluminescence, molecular diagnostics, instruments, pathology, and biological raw materials.

1. Diagnostics in Brazil with Top-Notch Technology

Brazil POC Immunoassay Analyzers market

Explore Wondfo’s Testing Volume in Brazil

With a focus on continuous innovation, Wondfo plays a crucial role in advancing point-of-care diagnostics in Brazil, contributing to improved patient outcomes and better disease management. The company's "Nine Technology Platforms" offer a diverse array of testing capabilities, including immune colloidal gold, immune-fluorescence, electrochemistry, dry biochemistry, chemiluminescence, molecular diagnostics, instruments, pathology, and biological raw materials.

Through these innovative technologies, Wondfo strives to enhance the accessibility and efficiency of diagnostic testing in Brazil, ensuring that healthcare professionals and patients have access to reliable and swift diagnostic solutions.

In recent years, Wondfo launched a molecular diagnostic technology platform for more accurate diagnosis of influenza diseases, infectious diseases, and tumor concomitant.

2. Wondfo's Rapid Test Kits in High Demand

Brazil POC Immunoassay Analyzers market

Discover Wondfo’s Testing Volume in Brazil

Wondfo is a well-known biotech company that produces and distributes a wide range of rapid test kits for various applications. Their test kits cover areas such as infectious diseases (e.g., COVID-19, HIV, HCV), fertility, pregnancy, drug abuse, and more.

These rapid test kits are designed to provide quick and accurate results, making them valuable tools in healthcare and diagnostic settings. Wondfo's commitment to innovation and quality has made them a reputable player in the rapid diagnostics industry.

Rapid tests enabled targeted interventions, reducing transmission by 70% (PLOS Neglected Tropical Diseases).

3. Strategic Breakthroughs Propel Business Growth

Wondfo Biotech's dedication to innovative research and development led to remarkable progress in various strategic areas, driving business growth. Notably, the U-Box system gained approval in China and the U-Card Dx system obtained CE certification, expanding its regional pilot distribution.

Wondfo's next step involves establishing a dual-core business system, emphasizing the 2B segment. The company is committed to an "innovation-driven, scenario-oriented" product strategy, centered on major panels like cardiovascular disease, tumor, respiratory disease, infectious disease, maternity and childcare, and drug of abuse.

Wondfo plans to launch new products and services, enhance quality, and reduce costs. By integrating major platforms of immunoassay, molecular diagnosis, and electrochemistry, Wondfo aims to secure a leading position in technology and product offerings.

In Conclusion, Wondfo Biotech's dedication to continuous innovation and strategic breakthroughs has positioned them as a prominent player in the global healthcare market. Through their top-notch technology and diverse range of rapid test kits, they have transformed diagnostics in Brazil and beyond, contributing to improved patient outcomes and advancing point-of-care diagnostics. With a strong focus on product integration, digitalization, and internationalization, Wondfo strives to become a leading IVD enterprise influential worldwide.

The Driving Force behind Australia's Lubricants Market Growth: Ken Research

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The lubricant market in Australia was showing steady growth and significant potential. Lubricants play a crucial role in various industries, including automotive, industrial, marine, and aerospace, among others.

STORY OUTLINE

  • Lubricants Demand Surges: Australia used ~460 ML of lubricating oil in 2018-2019, majorly by diverse sectors like industry, mining, automotive, and transport.
  • Maintenance Awareness Boosts Demand: Preventive maintenance awareness drives regular equipment upkeep, spurring specialty lubricant demand tailored to specific machinery needs.
  • Regulations Reshape Market: Stringent emission standards compel compliant lubricants, with government incentives and grants fostering sustainable options and technological growth.
  • Lubricants Extend Lifespan: Lubricants decrease repairs, safeguard equipment from corrosion, reduce downtime, and potentially save up to 5% in maintenance costs.

Australia Lubricant Market

In the fiscal year 2018-2019, Australia's lubricating oil consumption amounted to a significant ~460 Mega Liters. The primary consumers of lubricating oil were diverse, encompassing industrial and mining companies, major producers, the automotive industry, and transport companies. According to the Australian Institute of Petroleum's report, approximately 85% of all lubricating oil sales in the country were attributed to these commercial users.

1. Australia's Lubricants Market Surges with Maintenance Awareness

Australia Lubricant Market

Explore Analysis of Industrial Lubricants Market

When businesses and individuals recognize the significance of preventive maintenance, they tend to follow regular maintenance schedules for their machinery and equipment. As a result, there is an increase in the demand for lubricants, as they play a vital role in any comprehensive maintenance program.

Preventive maintenance practices often involve using specialized lubricants tailored to specific machinery and operating conditions. This shift towards customized lubrication solutions can lead to increased demand for specialty lubricants.

2. How Government Regulations are Reshaping Australia's Lubricants Market

The automotive industry is obligated to adhere to government emissions standards. To ensure optimal engine performance and reduced emissions, lubricants utilized in vehicles must meet these stringent requirements. As a result, there is an increased demand for lubricants formulated to comply with emission regulations.

Governments may levy taxes or offer incentives based on the environmental impact of lubricants. For example, there might be tax benefits for using bio-based lubricants or penalties for using non-compliant lubricants. Such financial incentives can sway the market towards more sustainable lubricant options.

Government support in the form of research and development grants can encourage lubricant manufacturers to invest in developing innovative and sustainable lubricant solutions. This support can spur technological advancements in the industry, leading to new market opportunities.

3. The Crucial Role of Lubricants in Australia's Repair Reduction

Australia Lubricant Market

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Lubricants play a vital role in reducing the need for repairs and extending the lifespan of machinery and equipment across various industries in Australia. Lubricants provide corrosion protection, especially in harsh environmental conditions, extending the lifespan of equipment.

Well-lubricated machinery tends to experience fewer breakdowns, resulting in reduced downtime for repairs. inadequate lubrication causes around ~35% of all premature equipment failures.

A well-maintained lubrication program has the potential to save up to ~5% of an organization's total maintenance budget.

In Conclusion, Australia's lubricants market gains momentum through maintenance awareness and government regulations, with lubricants proving crucial in minimizing repairs. This synergy fosters sustainability and efficiency across industries, reflecting a dynamic and forward-looking approach to maintaining equipment and reducing environmental impact.

Tuesday, August 22, 2023

France's Agri Equipment Market Gears Up for 13.5% CAGR Boost with Strategic Factors: Ken Research

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France has a significant agricultural sector, and the market for agricultural equipment has been robust.

STORY OUTLINE

  • Tractor Dominance: Tractors spearhead the Agri equipment sector in France due to their versatile functions, serving both small-scale and large-scale farmers for various tasks.
  • Digital Evolution: The convergence of agriculture and digital technology introduces innovative pathways, marking the evolution toward smart farming solutions.
  • Market Consolidation: The top players, including John Deere, AGCO, CNH Industrial, CLAAS, and Kubota, drive market consolidation and expansion through acquisitions and research investments.
  • Automation Advancements: Automation integration gains momentum, addressing labor shortages and boosting efficiency, becoming a hallmark of modern agricultural equipment.
  • Tech-Driven Growth: The rise of smart equipment, remote monitoring, and fuel diversification contributes to the projected Compound Annual Growth Rate (CAGR), shaping the future of France's Agri equipment market.

The agricultural equipment market in France is a substantial and important sector within the country's broader agricultural industry. France has a rich history of agriculture, and its market for agricultural machinery reflects the need for advanced equipment to support modern farming practices. The market encompasses a wide range of equipment, including tractors, combine harvesters, plows, tillers, planters, sprayers, irrigation systems, and precision farming technologies. These segments cater to the diverse needs of various crop types and farming practices.

1. Tractors Lead the Charge in Reshaping France's Agri Equipment Sector

France Agri-Equipment Market

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Tractors lead the Agri-equipment market because it is the base of farm mechanization. It is a multi-purpose vehicle and hence owned my majority of the farmers.

The primary purpose of a tractor is to pull farm equipment, but modern tractors can be outfitted with a variety of attachments to suit just about any farming need. For this reason, tractors are common-sense purchases for small and large-scale farmers alike.

A new frontier of innovation emerged as agriculture met digital technology, opening various paths to a smart agricultural future. Tractor manufacturers are competitive, and companies constantly strive to innovate and ensure product differentiation at affordable prices.

2. Players Redefining the Agri Equipment Landscape

France Agri-Equipment Market

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The French market for agricultural machinery displays significant consolidation, where over ~80% of the market share is held by the top five companies. Players within this market are strategically prioritizing the expansion of their market presence, primarily achieved through acquisitions, substantial investments in research and development, and streamlining supply chain operations.

John Deere, AGCO Corporation, CNH Industrial, CLAAS KGaA mbH, and Kubota stand as the dominant key players in France's agricultural equipment market.

One noteworthy trend within the competitive landscape is the adoption of automation technologies. Given the challenges posed by factors like labor shortages and rising costs, there is a noticeable inclination among farmers and land operators to incorporate automation into their machinery. This trend is set to gain more prominence as the market progresses, with automation technologies becoming a pivotal component of modern agricultural equipment.

3. Tech Innovation Paves the Path to Projected CAGR

Integration of smart equipment, drones, and remote monitoring enhances operational efficiency and enables proactive responses to challenges, aiding in the achievement of the projected CAGR.

The agricultural tractor industry witnesses a considerable demand for tractors that run on different fuels, such as plant-oil and biogas-powered tractors.

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The extensive pressure to improve agricultural land productivity is expected to foster over the forecast period, which will directly promote the tendency of farmers or land operators toward incorporating automation technologies in this equipment.

In conclusion, the agricultural equipment market in France stands as a pivotal force within the nation's agricultural landscape, with tractors leading the transformation toward modernized and efficient farming practices. The market's evolution showcases a fusion of traditional expertise and cutting-edge technology, underscored by the dominance of key players and the integration of automation. As France's agricultural sector continues to embrace innovation, the industry's future promises sustained growth and enhanced productivity.

France Agri-Equipment Market

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?

Australia Parking Management Market

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

Australia Parking Management Market

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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?

Australia Parking Management Market

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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.

Monday, August 21, 2023

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

Philippines Logistics Market

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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

Philippines Logistics Market

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

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

Philippines Logistics Market

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

Philippines Logistics Market

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

Philippines Logistics Market

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 ResearchDubai Industrial City and Maersk partnership streamline logistics with integrated solutions, driving sustainable prosperity.

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

UAE Cold Chain Market

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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

UAE Cold Chain Market

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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

UAE Cold Chain Market

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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

UAE Cold Chain Market

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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

New Royalty-Free Application US

Emerging Players in US Still Image Market

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

Stock Illustrations Sector 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.

US Stock Vectors Industry

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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.

US Still Photos Market

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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.

US Medical Still images

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.

Vietnam Logistics Market

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

Vietnam Logistics Market

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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.

Vietnam Logistics Market

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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