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

 Buy Now

Global Logistics and Warehouse Market Ecosystem

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

Interested to Know More about this Report, Request a Free Sample Report

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

1. Evolving digital technology solutions

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

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

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

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

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

Visit this Link:- Request for custom report

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

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

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

Global Logistics Market

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

 Buy Now

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

Interested to Know More about this Report, Request a Free Sample Report

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

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

Visit this Link:- Request for custom report

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

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

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

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

Global Fitness Service Market

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

 Buy Now

What Is The Size Of Global Industrial Packaging Industry?

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

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

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

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

Interested to Know More about this Report, Request a Free Sample Report

Global Industrial Packaging Market by product type

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

Global Industrial Packaging market by kind of material

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

Global Industrial Packaging Market By End User

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

Visit this Link:- Request for custom report

Global Industrial Packaging Market By Region

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

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

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

Time Period Captured in the Report

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

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

Global Industrial Packaging Market

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

 Buy Now

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

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

1. Joint Venture: A Game-Changing Move?

Interested to Know More about this Report, Request a Free Sample Report

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

2. Will Exide Industries Benefit from Governmental Reforms?

Visit this Link:- Request for custom report

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

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

India EV lithium battery Market

With a CAGR of 5.4% between 2017 & 2021 Innovative Warehousing technologies are changing the warehousing ecosystem for good. Is it a feasible solution for long term growth? – Ken Research

 1. Increasing demand for cold chain facilities coupled with investments in automated warehousing facilities are gaining traction in UAE warehousing market.

Interested to Know More about this Report, Request a Free Sample Report

Manufacturers and logistics companies are adopting advanced technologies for improved productivity & efficiency, improved customer experience, pushing advanced inventory control high up the industry agenda and sharpening cost-control, space optimization and competitiveness. Increasing demand for food quality, availability, and delivery has resulted in the rising importance of cold chain warehousing facilities in the global food distribution sector. Moreover, increasing demand for food quality, availability, and delivery has resulted in the rising importance of cold chain warehousing facilities in the global food distribution sector.

2. Increased Automation due to rising Investment in Newer Technologies is driving the demand for Modern Warehouses in UAE

Visit this Link:- Request for custom report

Next generation supply chains in UAE are utilizing robotics and automation to perform task such as picking, sorting, inspecting, handling to improve overall efficiency and speed to market. Some warehouses are turning to autonomous vehicles to bring merchandise to sortation while Drones & RFID will be used for Inventory Management. The opportunities seem endless which will result in greater efficiency and productivity.

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

UAE Logistics Market Report

The Global Industrial Packaging Industry generated $ 60 Bn revenue in 2022-How will the market further shape in future? Ken Research

 Buy Now

Increasing industrialization, growing e-commerce sector, shift towards sustainable packaging and Healthcare industry expansion are major factors contributing towards development of Global Industrial packaging Market.

1. The COVID-19 pandemic has had both positive and negative impacts on the Industrial Packaging Market.

Interested to Know More about this Report, Request a Free Sample Report

There is growing demand for customized packaging. Industries are increasingly adopting customized packaging solutions to meet specific product requirements and enhance brand differentiation. Customization offers benefits such as improved product presentation, better shelf visibility, and enhanced consumer engagement. The healthcare industry's growth, driven by an aging population, advances in medical technology, and increasing healthcare spending, has contributed to the demand for specialized packaging solutions for pharmaceuticals, medical devices, and healthcare products.

2. Recycling and environmental concerns associated with the Industrial Packaging Market.

Visit this Link:- Request for custom report

According to the World Economic Forum, every year, at least 8 Mn tons of plastic leaks into the ocean, which is equivalent to dumping the contents of one garbage truck into the ocean every minute. This is expected to increase to two per minute by 2030 and four per minute by 2050, which can destroy the ecosystem. About 90% of all the trash in the oceans is from plastic. Estimates suggest that industrial packaging represents the major share. Hence, recycling becomes a major challenge in the industrial packaging industry, which provides re-use value, and results in lower wastage.

3. The role of Government around the world in Global Industrial Packaging Market

Governments around the world are implementing regulations to ensure that industrial packaging materials are safe for consumers and the environment. These regulations are observed to boost the production of industrial packaging in a sustainable way. Along with the rising demand for sustainable packaging solutions from multiple industries, technological advancements in packaging solutions are observed to fuel the market’s growth. Technological advancements have led to the development of new packaging materials, such as biodegradable and compostable materials, which are environmentally friendly and have better properties than traditional packaging materials.

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

Global Industrial Packaging Market

 

UAE’s Logistics Market to grow at the rate of 7.5% in the upcoming period between 2021-2026 owing to government initiatives such as Expansion of sea ports alongside technological innovations such as Real-Time Tracking : Ken Research

 Buy Now

History of steady growth alongside a positive future forecast provides UAE’s logistics Market increasing confidence & interest of stakeholders, says a report by Ken Research

1. Expansion of existing sea ports, emergence of e-commerce sector coupled with rising maritime, air cargo & land transport sector serves as major catalyst for the growth and development of logistics industry in UAE.

Download a Free Sample Report

The government of UAE is aiming to establish it as a Logistics Hub by huge investments in the infrastructure. Initiatives such as development of sea ports (USD 1.09 Billion to enhance logistical infrastructure for serving trading operations) alongside a growing pharmaceutical & maritime industry will help UAE government to achieve the economic growth targets by 2040. The country’s strength lies mainly in its maritime sector. As per relevant data, the Bunker Supply Index ranked UAE 3^rd globally in transport services and 5^th globally as a key competitive maritime hub. As of 2022, there were more than 10 million cubic meters of crude and oil products storage capacity at Fujairah, making Fujairah the world’s No. 3 bunkering hub, which contributes in strengthening UAE’s position as a reliable supplier of crude oil. All in all, the country has a huge potential when it comes to expansion of its logistics sector.­­­­

Visit this Link:- Request for custom report

2. “Integrating Technology to market’s growth prospects:” With the increasing technological innovations and advancements across the world, logistics sector in UAE is also getting benefitted.

Technology options such as Real Time Tracking, Control Tower, smarter operations & greater service quality serve as a major benefit for UAE’s Logistics Market. A major benefit of technologies such as warehouse Management System is that) it further optimizes and accelerates key warehousing tasks by directing receiving, put-away, picking, packing, shipping and space utilization along optimized routes is that they have a large Shipper and Trucker Base and offer services such as Freight Listing, Freight Brokerage and Online Transactions to earn revenue. All in all, technological innovations are anticipated to be inculcated deep into the logistics systems in UAE.

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

Technological Trends in UAE’s Logistics Market

 Buy Now

Global Lubricants Market by Type of Lubricant (Automotive Lubricant)

The Global Automotive Lubricants market is segmented by type of lubricant into Passenger oil, heavy duty diesel engine oil, hydraulic oil, gear oil & greases. Motor oil is projected to dominate the Global lubricants market in the upcoming years.

Global Lubricants Market By Type Of End Use (Industrial Lubricant)

The Global Industrial Lubricants market is segmented by type of end use into Metal production, general manufacturing, food industry, commercial & others. Transportation is anticipated to be the largest end –use industry. The high demand can be attributed to high demand in railway, aviation & marine sector.

To Know More about this report, download a Free Sample Report

Global Lubricants Market by Type of END USE (Automotive Lubricant)

The Global Automotive Lubricants market is segmented by type of end use into Commercial vehicle, passenger car, motor cycle, marine, others. Commercial segment is expected to grow at a fast pace. Reason being, rapid industrialization.

Competition Scenario In Global Lubricants Market

The Global Lubricants market is consolidated with major players occupying almost half of the market. The key players operating in the market are not only competing based on product quality and promotion but are also focusing on strategic moves to hold larger market shares. The major companies dominating the Global Lubricants market for its products, services, and continuous product developments are Castrol, Saudi Aramco, Chevron, Gulf, Fuchs, Petromin, Valvoline, Total Energies among others.

What is the Expected Future Outlook for the Global lubricants Market Across the globe?

The Global lubricants 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 lubricants market is driven by is driven by rapid industrialization, rise in process automation in most of the industries & an increase in the number of on-road vehicles. Moreover, an ever-evolving e-commerce sector & demand for renewable energy serve as major opportunities for the market. However, volatile crude oil prices & environmental norms can possibly hinder the market growth.

Visit This link:- Request for Custom Report

The Global Lubricants market is expected to grow at a steady rate during the period 2022-2027. The market is driven by rapid industrialization, rise in process automation in most of the industries & an increase in the number of on-road vehicles. Moreover, an ever-evolving e-commerce sector & demand for renewable energy serve as major opportunities for the market. However, volatile crude oil prices & environmental norms can possibly hinder the market growth. The rising possession of passenger cars & rapid industrialization is expected to contribute to the market growth over the forecast period. The market is expected to grow at a ~% CAGR during 2022-2027 owing to high penetration with multiple players.

Key Target Audience

• Lubricants Manufacturers
• Lubricants Distributors
• Base-oil Companies
• Additive Companies
• Refining Companies
• Construction and Mining Industry
• General Manufacturing Industry
• Metal Production Industry
• Power Generation Industry
• Food Processing Industry
• Agriculture Industry
• Medical Industry
• Automotive OEMs

Time Period Captured in the Report:

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

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

Global Lubricants market

Follow Us

Facebook | Twitter | LinkedIn | Instagram

 

Spicing Up the Plate: India’s Packaged Food Market Sizzles as Ready-to-eat Delights Take Center Stage – Ken Research

 The desire for convenience items driven by busier lifestyles is consistently giving India's packaged food industry a big boost. Due to the introduction of modern technology, as well as other developments like urbanization, busier lifestyles, a rise in the number of women working, and the growth of nuclear families, Indian cooking methods have seen significant changes in recent years. To save time on meal preparation, people are increasingly turning to ready-to-eat food options. People are becoming more aware of the health and sanitary standards linked with food products due to increased media exposure, literacy rates, and standards of living. Recently, especially in urban and semi-urban areas, there has been a movement in the customers' priorities from price to quality. The consumption of hygienically packaged fortified foods has been replacing openly or loosely offered food goods.

Here is an overview of India’s Packaged food industry directly from the Ken Research exclusive report. Read out to know the exciting trends and future possible opportunities in the market.

1. India is classified as an emerging and developing country (EDC) which is currently experiencing rapid economic development changes leading the country to be one of the largest economies

Request a Call with Expert to know more about the business model

2. In the country, there has been a noteworthy change in the eating habit in Metropolitan Cities. Due to the fast-paced life in urban cities, about 79% of the urban people prefer to have ready-to-eat food in their regular meal

3. Due to this, the packaged food market has seen multiple changes in terms of packaging or distribution along with an increasing number of supply-side entities to meet the rising consumption demands

4. Presently, India’s Packaged Food Market is driven by the changed consumer behavior over the years considering healthy substitutes, safety and hygiene, shelf life, and more

5. The market is anticipated to grow owing to the changes in the population growth trends with the rise in working population along with their rising preferences for packaged snacks food

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

• Germany Packaged Food Industry Outlook to 2018 - Focus on Nutritional Food and Staples Market
• Vietnam Edible Oil Market Outlook 2026F driven by Rise in Disposable Income, Prevalence of Health Problems and Increasing Inclination towards Healthy Lifestyle
• Vietnam Pudding Market Outlook to 2025F – Driven by Robust Population of Millennial Consumers along with Proliferation of Food Tech Apps
• Thailand Frozen Foods Market Outlook to 2022 - By Type of Frozen Foods (Frozen Seafood and Meat, Frozen Ice-Cream and Desserts, Frozen Ready-to-Eat Meals and Frozen Processed Fruits and Vegetables) and By Cities (Bangkok, Phuket, Pattaya, Chiang Mai and Others)
• India Online Meat Delivery Market outlook to FY2027F - Driven by the assurance of safety and hygiene by the online players, new innovative product categories and doorstep express service

To Know more about this Whitepaper, Visit this link:-

India’s Packaged Food Market

The Global Pharmacy Retail Market Is Growing At A Robust CAGR In 2017-2022 And Is Expected To Be A $1 Trillion Market By 2027 – Ken Research

 Buy Now

Global Pharmacy Retail Market By Drug Type

The Global Auto Finance market is segmented By Drug Type into Patented Drugs and Generics.

Competition Scenario in Global Pharmacy Retail Market

The Global Pharmacy Retail Market is medium to highly competitive. Major players in the Pharmacy Retail market globally include Ahold Delhaize, Albertsons Companies Inc., Cipla, CVS Pharmacy, GlaxoSmithKline, Loblaw, Merck KGaA, Novo Nordisk and Sanofi, etc. Competition is expected to intensify by the end of the forecast period due to the lucrative opportunities available to various players in the market.

What is the Expected Future Outlook for the Overall Global Pharmacy Retail Market? 

The global Pharmacy Retail market was valued at USD 600 Bn in 2022 and is projected to reach USD 1 trillion by 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.

To Know More about this report, download a Free Sample Report

Changing disease profiles, innovative marketing strategies, the introduction of new business models and an upsurge in hospital-based pharmacies and wellness stores have been anticipated to propel thrust in the sales of pharmaceutical retail in the future. The growing incidence of chronic diseases like hypertension, diabetes, cardiovascular diseases, and cancer, which require prolonged medication, is expected to further drive the growth of the pharmacy retail market during the forecast period. With the rise in public healthcare expenditure, pharmaceuticals have become more accessible, thereby fueling the pharmacy retail market, especially in rural areas and tier-II cities.

Competition is projected to intensify in the coming years, particularly from big-box retailers and mail-order and online pharmacies. The pandemic motivated many consumers to use mail-order and online pharmacies to reduce their risk of exposure to COVID-19, some of whom will continue to use these services rather than go back to their local pharmacy. Payors have also steered consumers toward mail orders, such as by covering a 90-day supply of medications delivered to the home versus only a 30-day supply available at a brick-and-mortar pharmacy. Finally, Internet pharmacies are aggressively targeting cash-paying customers by offering medications at a reduced cost.

Moreover, the COVID-19 pandemic has accelerated the growth in traditional pharmacy retail outlets as well as online pharmacy channels. Globally, medical retail outlets were categorized as essential services, but online pharmacies emerged as the most dynamic channel for procuring drugs and devices because of the fear of the virus.

Visit This link:- Request for Custom Report

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

• Pharmaceutical Manufacturing Companies
• Pharmacy Retail Companies
• Independent Pharmacies
• Industry Associations
• Regulatory Bodies
• Telemedicine Companies
• Pharmaceutical Distributors & Wholesalers
  Time Period Captured in the Report
• Historical Period: 2017-2022
• Base Period: 2022
• Forecast Period: 2022-2027

Companies

Major Players Mentioned in the Report 

• Ahold Delhaize
• Albertsons Companies Inc.
• Cipla
• CVS Pharmacy
• GlaxoSmithKline
• Loblaw
• Merck KGaA
• Novo Nordisk
• Rite Aid
• Sanofi
• Walgreens Boots Alliance

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

Global Pharmacy Retail Market

Follow Us

Facebook | Twitter | LinkedIn | Instagram

Stepping Up The Pharmacy Game In Australia: How Is The Market Booming With More Footfalls And Organic Expansion? – Ken Research

 Buy Now

Over the study period of 2015–20, Australia's retail pharmacy market had modest growth. The increase in the Australian pharmacy retail market has been aided by factors such as the rise in chemists, the proportion of an aging population, the number of healthcare issues, per capita healthcare spending, the number of insured patients, the PBS Scheme, etc. New South Wales, Victoria, and Queensland states have the highest customer traffic and the largest average basket sizes. The expansion of pharmacies in terms of the number of stores, services, and home drug delivery to patients throughout the nation all contributed to the market's growth.

In this edition, we’ll dig into all the supporting factors that have helped and will further support the growth of the Australia Pharmacy retail industry in the future.

1. Australia Retail Pharmacy is in its growing stage & has evolved over the years from Small Independent Pharmacies to Franchise & Banner Groups in Australia

2. Preference of Australians & No. of Prescriptions dispensed by Age Groups wherein >50% of medicines were dispensed for >65 Years of Population are the current Key Market Trends

3. Further, E-Health Services along with Consolidation of Pharmacy chain brands into Banner Groups is a Growing Trend in Australia

Request a Call with Expert to know more about the business model

4. Accessing different policies & dimensions in the Australia Pharmacy Retail Market will strength the Industry and will enable it to grow in the coming years

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

• Indonesia Pharmacy Retail Market Outlook to 2025 By Market Structure (Organized & Unorganized); By Region (West Java , East Java , Central Java , Jakarta , North Sumatra & Others); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products & Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs)
• Vietnam Pharmacy Retail Market Outlook to 2025-By Market Structure (Organized & Unorganized); By Region (North, South & Central); By Hospital-based & Street/Mall-based; By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products & Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs)
• Thailand Pharmacy Retail Market Outlook to 2025 - By Market Structure (Organized & Unorganized Segment); By Region / Cities (Bangkok & its Vicinity, Central, South, Northeast, North, Eastern & West); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products and Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs)
• Taiwan Pharmacy Retail Market Outlook to 2025 - By Market Structure (Organized and Unorganized), By Region (Taipei Division, Northern Division, Central Division, Southern Division, KaoPing Division and Eastern Division), By Product Sales (Prescribed Medicines, OTC Products, Non Pharma Products and Medical Equipment’s), By Drug Type (Generic And Patented) and By Therapeutic Class
• Philippines Pharmacy Retail Market Outlook to 2025 - By Market Structure (Organized and Unorganized), By Location (Standalone and Hospital Based), By Region (North, Central and South), By Product Sales (Prescribed Medicines, OTC Products, Non Pharma Products and Medical Equipments), By Drug Type (Generic And Patented) and By Therapeutic Class

To Know more about this Whitepaper, Visit this link:-

Australia's retail pharmacy market

Global Used Vehicle Market Size & Share, Analysis, Trends By 2027 – Ken Research

 Buy Now

Competition Scenario In Global Used Vehicle Market

The global used vehicle industry is largely unorganized due to the preference of consumers towards stand-alone local, independent dealers or the ones located in used car exchanges, along with peer-to-peer sales, facilitated by online auto-classified platforms. The used vehicle market has witnessed the entry of various online classified portals and marketplaces in recent years. These players follow various different business models and aim to harness the untapped potential of the industry. Few players include True Vehicle, Inc, Lithia Motors, Inc., Group 1 Automotive, Inc., The HERTZ Corporation etc.

What is the Expected Future Outlook for the Overall Global Used Vehicle Market?

The Global Used Vehicle market was valued at USD 1.25 trillion in 2022 and is anticipated to reach USD 2.5 trillion by the end of 2027, witnessing a robust CAGR 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.

To Know More about this report, download a Free Sample Report

The Global Used Vehicle market is driven by driven by Inflation, High price of new vehicles, Availability of used vehicles at lower prices are major factors contributing towards development of Global Used Vehicle Market. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

Government has ambitious plans to use digital technologies extensively to strengthen its services, processes, and decision making, as well as its ability to share data with constituents. Most consumers these days make used vehicle buying decision after searching online which necessitates synchronizing online and showroom experiences and sharing product information, offering sales support & servicing online. Online platforms can introduce an additional service wherein consumers can go through all the used vehicle auctions taking place around them or that are scheduled for the future. At present, there is not much used vehicle content on Tik-Tok and Snapchat. Currently, there is only 3% digital presence and it is expected to be around 22% in the future.

Visit This link:- Request for Custom Report

Dealerships are expected to introduce their own official website/platforms to showcase their used vehicle inventory. Online auto portals are expected to venture into omni-channel experiences & offer varied services such as vehicle subscription. Value-added services such as vehicle inspection, financing options, insurance, ownership transfer & more is expected to be a focus area for used vehicle dealers to provide a hassle-free experience to the buyers.

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

• Used Vehicle Dealers
• Used Vehicle Equipment Manufacturers and Distributors
• Auto Portals
• Online Dealers
• Vehicle Showrooms
• Unauthorized Dealers
• Market Research and Consulting Firms
• Automotive Companies
• Vehicle manufacturing Companies
• Tourism Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report

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

Companies

Major Players Mentioned in the Report

Leading companies

• TrueVehicle, Inc
• Lithia Motors, Inc.
• Group 1 Automotive, Inc.
• THE HERTZ CORPORATION
• Pendragon PLC
• Asbury Automotive Group, Inc.
• AutoNation, Inc
• VehicleMax Business Services LLC
• Cox Automotive
• Hendrick Automotive Group.
• Batfa Japan Inc.
• India Kawasaki Motors Pvt. Ltd.
• Droom, Motorbikes 4 All
• Triumph Motorcycles
• Yamaha Certified Pre-Owned
• Motohunt Inc.
• Blade Motorcycles
• Mundimoto Europe SL

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

Global Used Vehicle Market

Follow Us

Facebook | Twitter | LinkedIn | Instagram

Unveiling India’s MBO 2 Wheeler Boom: Discover the Driving Forces Here! – Ken Research

 Buy Now

1. Indian 2W Market has multiple MBOs that either source their inventory from an authorized dealer by purchasing 2Ws or selling 2Ws on behalf of authorized dealers by keeping certain commission

Request a Call with Expert to know more about the business model

2. In India, MBOs are now being looked at as the next emerging megatrend especially in the EV segment

3. 2W MBO market in India witnessed a huge no. of players entering the market after the 2000s, along with the entry of multiple foreign brands

4. However, MBO industry has been witnessing several headwinds in the recent past, including subdued demand for 2Ws concurrently affecting the MBO sales

5. But, Diversification, Digitalization, and Expansion will help the industry to proliferate in the country in the coming years

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

• KSA Automotive Market Outlook to 2027 Driven by rising influx of women drivers and domestic manufacturing in the KSA
• USA EV & EV Charging Equipment Market Outlook to 2027 Driven by growing market driven by government support and customer drive towards cost-efficient mobility
• Global Used Vehicle Market Outlook to 2027 Driven by Type of Market Structure, by Type of Vehicle, by Age of vehicle, by kms Driven and by Region
• Vietnam Car Rental Market Outlook to 2027F Driven by Increasing Internet Penetration Rate, Tourism and Urbanization
• Nigeria Lubricants Market Outlook 2027F Driven by demand for expanding wind energy sector & rising demand for high performance lubricants
  

To Know more about this Whitepaper, Visit this link:-

India MBO 2W Market

Europe and LAMEA Stem Cell Banking Market Surpasses USD 2 Bn in 2022: Revolutionizing Healthcare through Stem Cell Banks and AI Applications and What’s more? Ken Research

 Buy Now

1. Cooperation Fuels Growth in Europe's Stem Cell Banking Market: Collaborative Efforts between Stem Cell Banks and Maternity Clinics for Vital Stem Cell Acquisition.

The European stem cell banks are broadening their service offerings through a merger, which now involves producing advanced therapy medicinal products using mesenchymal stem cells. These products \are utilized for experimental treatment in specialized medical institutions and for developing their own Cell & Gene Therapies.

The utilization of private storage has undergone a notable shift, moving away from treating diseases related to the blood and immune system and toward the realm of regenerative medicine.

The demand for stem cell banking is increasing because of the strong collaboration between maternity clinics and gynecologists, allowing for the collection of the freshest and most crucial stem cells right after childbirth.

Numerous companies in the area are actively working to stimulate the growth of the market. One example is Vita34, which partners with multiple maternity facilities in Europe. They consistently train their clinic staff to professionally collect umbilical cord blood and tissue, along with other relevant responsibilities, following the relevant national regulations.

Also, Check Market Sizing of Global Stem Cell Banking Market

2. UAE Government Eases Regulations to Attract Foreign Investment and Enhance Healthcare Standards in LAMEA Stem Cell Banking Market.

The UAE is actively working towards establishing the first Stem Cells Bank in the MENA region, positioning the country as a hub for stem cell tourism.

In the region, several hospital construction projects are underway, with the Dubai Health Authority leading efforts to integrate medical technology into the development of smart cities.

To attract foreign investment and improve healthcare standards, the UAE government is implementing regulatory relaxations. Notably, the government has allocated a significant portion, 8.4% of its total budget, to healthcare for the period of 2022-2028.

3. Emerging Trends in the Global Stem Cell Banking Market: AI Applications, Modernization of Storage, Growing Approvals, and Start-up Surge.

Download a Free Sample Report

AI plays a crucial role in various aspects of stem cell research, including understanding cell behavior, identifying cell types, characterizing cells through mathematical models, and predicting transplantation risks.

Advancements in storage technology, such as the transition to multi-compartment storage bags, enhance flexibility and viability. The BioArchive® System, a fully automated storage and retrieval system, revolutionizes cryopreservation of valuable cell samples.

The FDA continues to expand its list of approved stem cell therapies and associated diseases based on positive clinical trial outcomes. Currently, FDA-approved stem cell products primarily target blood-related disorders.

Notable startups in the market, like Mogrify, Aspen Neuroscience, and Cellino Bio, have secured substantial funding for their promising ventures.

Major Players Mentioned in the Report:

• CBR Systems
• CryoCell
• ViaCord
• Stemcyte Inc,
• Sartorius
• Smart Cells International Ltd.
• VITA 34
• Global Cord Blood Corporation
• Life Cell
• Cord Life

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

• Stem Cell Banking Companies
• Biopharmaceuticals Companies
• Cord Blood Banks
• Machinery and Equipment Suppliers for Stem Cell Banking
• Cryogenic Healthcare Equipment Manufacturers
• Biotechnology - Therapeutics and Diagnostics Companies
• Pharmaceutical Companies
• World Marrow Donor Association
• Cord Blood Association
• The International Stem Cell Banking Initiative (ISCBI) – PubMed
• Healthcare Research Institutes
• Healthcare Technology Research Institutes
• Healthcare Technology Regulatory Authorities
• Government Ministries and Departments of Healthcare

Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2028

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

Global Stem Cell Banking Industry

Related Reports by Ken Research: –

Global Stem Cell Banking Market

UAE Health Tech Market Outlook to 2026

Global Warehousing Market Size, Trends & Analysis - Forecasts to 2027 - Ken Research

 Buy Now

The Global Logistics and Warehousing market is segmented by End-User into Food and Beverages, Retail, Manufacturing, Automotive, Oil and Gas and Others includes Healthcare, Telecommunication and many more.

The largest end users of warehousing services include FMCG and Commodities (such as Steel, cement, etc.) industry which provides maximum revenue. These are followed by Agriculture, Electronic, Automotive, Pharmaceutical, etc. sectors. The pharmaceutical companies generally prefer their own warehouses due to the extra precautions measures needed.

Competition Scenario in Global Logistics And Warehousing Market

The Global Logistics and Warehousing Market are highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Logistics and Warehousing. Large global players constitute ~20% of competitors, while regional players represent the second largest number of competitors. Some of the major players in the market include Deutsche Post DHL Global, XPO Logistics, Ryder System Inc, NFI Industries Inc, Americold Logistics, FedEx Corporation, Lineage Logistics, NF Global Logistics Ltd, APM Terminals, DSV Panalpina AS, MSC Mediterranean Shipping Co. SA

To Know More about this report, download a Free Sample Report

What is the Expected Future Outlook for the Overall Global LOGISTICS AND WAREHOUSING Market Across the globe?

The Global Logistics and Warehousing 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 Logistics and Warehousing market is driven by in Road Freight Services, Improving Infrastructure and Rising Digital Innovations

Increasing infrastructural development, increasing foreign investments and booming e-commerce. The logistics industry is likely to witness entry of new players and new mergers and acquisition between the players. The growing demand of perishable products in the country will consequently augment the requirement for fast delivery impacting cold chain markets of UAE. In addition to this, increasing investments in the manufacturing sector aiming to promote economic diversification will pave a path of growth trajectory for logistics and warehousing market globally.

E-Commerce companies are heavily investing and building their warehouses in order to reduce a lead time of delivery. For instance, Amazon is building two more mega warehouses of 4.1 million-square-foot and 3.8 million-square-foot in Ontario, California, U.S. and in Loveland, Colorado, U.S. respectively. Moreover, in June 2022, company announced that, the company will invest $300 million to build 3.1 million-square-foot distribution center in Niagara, New York, U.S. Such development in the e-commerce industry has become a critical component to enhanced retail customer services and thereby drives the market for of warehousing and distribution logistics across the e-commerce industry during the forecast period.

Visit This link:- Request for Custom Report

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

• E-commerce Companies
• Third-Party Logistic Providers
• Potential Market Entrants
• Freight Forwarding Companies
• Warehousing Companies
• Cold Storage Companies
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities
  Time Period Captured in the Report
• Historical Period: 2017-2022
• Base Period: 2022
• Forecast Period: 2022-2027

Companies

Major Players Mentioned in the Report

• Deutsche Post DHL Global
• XPO Logistics
• Ryder System Inc
• NFI Industries Incb
• Americold Logistics
• FedEx Corporation
• Lineage Logistics
• NF Global Logistics Ltd
• APM Terminals
• DSV Panalpina AS
• Kane Is Able
• MSC Mediterranean Shipping Co. SA

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

Global Logistics Market

Follow Us

Facebook | Twitter | LinkedIn | Instagram

From Cold to Cutting-Edge: How Will Technology Shape Singapore's Cold Chain Market?

 Buy Now

From 2016 to 2021, Singapore cold chain market witnessed remarkable expansion fueled by the rising demand for processed foods and the emergence of opportunities in vaccine transport. But the journey doesn't stop there. Brace yourself for even greater growth as new and advanced technologies such as Warehouse Management Systems (WMS), automation, and the Internet of Things (IoT) make their mark on the Singaporean cold chain industry. Be at the forefront of this dynamic sector by delving deeper into the trends and opportunities that lie ahead.
Read more to uncover the future of Singapore's Cold Chain Market and seize the advantage.

1. Cold chain is a lucrative business in Singapore with high initial investment ensuring a constant return on a long-term basis

2. Majority of the companies operate on manual semi- automated technologies and are yet to adopt the modern technologies present in other developed markets

3. High operational costs, growing real estate cost, and food loss along the supply chain are some other major challenges that directly affect the cold chain market in Singapore

Request a Call with Expert to know more about the business model

4. But Cold chain industry is experiencing a new wave of technological developments which are essential for end users of cold storage services and for the organic growth companies

5. Further, Developments in supply chain operations and IoT- enabled temperature monitoring are advantageous to end users of cold storage services, and driving the growth of the sector

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

• Global Cold Chain Market Outlook to 2027 Driven by Rising Import-Export Trade Volume and Domestic Consumption of Meat, Seafood, Fruits and Vegetable, the popularity of Ready to Eat frozen processed food
• Saudi Arabia Warehouse Automation Market Outlook to 2026 Bolstering Ecommerce Industry & Ambitious Government Plans for Digitalization to Pave Strong Grounds for Automation
• Philippines Logistics Industry Outlook to 2027F Driven by Infrastructural Developments, Technological Advancement and Government Support
• Indonesia Cold Chain Market Outlook to 2026F Driven by Rising Fisheries Industry & Convenience Food Consumption Owing to Growing Population and Infrastructural Development
• KSA Cold Chain Market Outlook to 2027F Driven By Increase in Retail Spending, Government Initiatives and Infrastructural Development

To Know more about this Whitepaper, Visit this link:-

Cold Chain Market in Singapore

Singapore Logistics Market will be valued over 40 Bn SGD in 2028. Will Singapore Logistics Market stand on this expected figure? Ken Research

 Buy Now

There are about 2,500 freight companies in Singapore with majority of them offering sea and road freight services in the country. Logistics Market in Singapore highly fragmented with highly competitive rivalry among the competitors. . Singapore logistics industry is catered by the domestic and international players and Singapore Post, CWT, YCH group are the top players offering Freight, Warehousing, Cold Chain and CEP services and many more compete on the basis of type of fleet, warehousing space, freight volume, clients, and more.

Checkout: Trends and Developments in Singapore Logistics Market

1. Technological Advancements Fostering Logistic Support

Download a Free Sample Report

Singapore Logistics Association (SLA) has begun piloting the use of Automated Guided Vehicles (AGVs) with local robotics firm Hope Technik in a third-party logistics (3PL) warehouse. It will help not only to reduce cost but also to minimize human errors and reduce time lags.

Exxon Forklift, Sectors:

This automated guided vehicle (AGV) forklift is a fully automated vehicle that is operated with a drive by wire system. In addition to being autonomous, the AGV forklift is also equipped with GPS, to navigate reliably to its intended destination and back.

The Last Mile Delivery (LLMD) is an autonomous mobile robot (AMR) equipped with a complex sensor suite. This technology focuses on efficiency and safety. For instance, in a hospital environment, the LLMD creates a ‘safety bubble’ while delivering medical and daily necessities to a patients as it does not require any human to human contact.

Line Picking Assembly (LPA) - With the aid of a robotic arm, the Line Picking Assembly (LPA) is a system designed to automate the handling of Horizontal Wafer Shipper (HWS) at both the pre and post auto packer stations in a wafer fabrication plant.

Click and Collect System- The Click and Collect System is a dedicated automated robot arm receiving area which places merchandise into designated ‘pigeon hole’ shelves for temporary storage to be retrieved at the patron’s convenience at a shopping mall.

2. Infrastructure Development is on rise in Singapore.

The development of logistics infrastructure, such as intermodal connectivity, logistics parks, and ports, is creating business opportunities. The government is also accelerating the development of Singapore’s public charging infrastructure for electric vehicles.

Singapore has always been a strong performer in the global logistics scene and is considered one of the world’s leading logistics clusters, thanks to its:

- world-class logistics infrastructure

- global connectivity

- efficient customs handling

- liberal taxation policies

- especially the rise of the ASEAN region as a new economic powerhouse, considering

its location in the heart of Southeast Asia and at the center of major shipping lanes.

The World Bank has ranked Singapore as the No.5 Logistics Hub amongst 160 economies

globally in the 2014 Logistics Performance Index.

In terms of its Air Logistics Sector, both of its “Quality of Air Transportation” and “Quality of Air Transport Infrastructure” have been ranked as No.1 in IMD1 «World Competitiveness

Yearbook 2013» and in World Economic Forum «Global Competitiveness Report 2013-2014»

respectively. On the other hand, its “Quality of Port Infrastructure” has been ranked No.2 by World Economic Forum in «Global Competitiveness Report 2013-2014.

Major Players Mentioned in the Report:

• Poh Tiong Choon Logistics Limited
• CWT Pte Ltd.
• CEVA Logistics Singapore Pte Ltd
• Geodis Singapore Pte Ltd1
• DHL Express (Singapore) Pte Ltd
• DSV
• Yusen Logistics (Singapore) Pte Ltd.
• YCH Group Pte Ltd
• Yamato Transport (S) Pte Ltd
• Federal Express (Singapore) Pte Ltd
• ACW Logistics Pte Ltd
• Singapore Post Limited
• Richland Logistics Services Pte Ltd
• Storbest SSHK Cold Logistics
• Global Cold Chain Solutions1
• ST Logistics

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

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

Time Period Captured in the Report:

• Historical Period: 2019-2022
• Base Year: 2022
• Forecast Period: 2022-2028

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

Singapore Logistics Industry

Related Reports by Ken Research: –

USA Logistics Industry Outlook to 2026

Australia Logistics Market Outlook to 2025

With over 3,00,000 countrywide Malaria Cases as of 2019, GOI is expected to increase initiatives when it comes to Malaria eradication. Will be beneficial for the Untreated Mosquito Nets Market: Ken Research

Buy Now

With over 3,00,000 countrywide Malaria Cases as of 2019, GOI is expected to increase initiatives when it comes to Malaria eradication. Will be beneficial for the Untreated Mosquito Nets Market: Ken Research

1. ‘Government to focus on disease eradication:’ Favorable Government Policies in order to eradicate malaria are driving the Untreated mosquito market.

Click to Read Full Article: India Untreated Mosquito Nets Market Outlook

Manipur government aims to achieve “zero malaria status” by 2021, 9 years ahead of the national target of eliminating malaria by 2030. Various states governments procure untreated and treated mosquito nets for distribution. It is considered a cheap and effective method of mosquito repellence. In 2017, 11 Mn long-lasting insecticidal nets (LLINs) were distributed in Odisha, enough to cover every resident in high-endemic regions of the state. In 2016, the state government started implementing a programme called Durgama Anchalare Malaria Nirakaran (elimination of malaria in inaccessible regions), or DAMaN.

2. ‘Contemporary demand increment:’ Increase in demand expected as the production capacity of Petrochemicals increases

In March 2017, production commenced for a petrochemical complex in Dahej PCPIR, by ONGC Petro additions Ltd (OPaL), a Joint Venture of ONGC, Gail and State Petroleum Corporation. Reliance Industries has commissioned a duel feed off gas cracker on January 2, 2018, at Jamnagar refinery with 1.5 million MT/year ethylene plant capacity. The new Jamnagar cracker will raise Reliance's total ethylene capacity to 4 million MT/year. Export of HDPe in 2017-18 amounted to INR 2000 crore and INR 8000 crore worth of HDPE was imported. As production of HDPE is expected to rise, it might push down prices of mosquito nets, causing an increase in demand. Use of other materials in production of mosquito nets is expected to further decline with respect to HDPE.

To learn more about this report Download a Free Sample Report

3. ‘Steady growth but a long way to go:’ India untreated mosquito nets Market to witness a robust growth owing to favorable government policies & rising health consciousness in the market

Visit this Link: – Request for custom report

India untreated mosquito nets market is expected to witness a steady growth in toddler homes & camp nets with online market in the forecasted year. Moreover, consumers are expected to engage with mosquito net companies more than ever before in an attempt to adopt healthier lifestyles and build supporting communities. Even though the market is declining currently in urban areas, the market is expected to have a steady journey in Tier 2 & Tier 3.