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

 What Is The Size Of China Catering Service Industry?

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

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

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

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

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

China Catering Service Market By Type

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

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

China Catering Service Market By Type Of Catering

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

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

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Competition Scenario In China Catering Service Market

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

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

The China Catering Service market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

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

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

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

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

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

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China Catering Market Outlook 2027F

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

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

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

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

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

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

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

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

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

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Malaysia Automotive Market

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

 What Is The Size Of Netherland Logistics Industry?

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

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

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

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

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

Netherland Logistics Market By End-Users

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

Netherland Logistics Market By Domestic/International

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

Netherland Logistics Market By Type Of Mode

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

Netherland Logistics Market By Type Of Fleet

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

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Netherland Logistics Market By 3pl/Integrated

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

Netherland Logistics Market By Type Of Shipment

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

Netherland Warehousing Market By Business Model

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

Netherland Warehousing Market By 3pl/Integrated

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

Netherland Warehousing Market By Area

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

Netherland Warehousing Market By 3pl/Integrated

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

Netherland Warehousing Market By End-User

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

Netherland Warehousing Market By Region

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

Etherland Express Market By Domestic/International

The Netherland Express Market is segmented by Domestic/International.

Netherland Express Market By Business Model

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

Netherland Express Market By Type Of Shipment

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

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Competition Scenario In Netherland Logistics Market

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

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

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

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

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

The Netherland Logistics market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

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

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

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

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

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

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

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Netherlands Logistics Market Outlook to 2027F

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USA Logistics Industry Outlook to 2026

Australia Logistics Market Outlook to 2025

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

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What is the Size of Indonesia car rental Industry?

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

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

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

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

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

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

Indonesia Car Rental Market by type of vechiles

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

Indonesia Car Rental MARKET by market structure

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

Indonesia Car Rental MARKET by ICE/EV

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

Indonesia Car Rental MARKET by Mode of Booking

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

Indonesia Car Rental MARKET by application

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

Indonesia Car Rental MARKET by Region

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

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Competition Scenario in Indonesia Car Rental Market

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

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

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

The Indonesia Car Rental market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

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

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

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

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

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

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

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Indonesia Car Rental Market

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Vietnam Car Rental Market Outlook

Belgium Car Rental Market Outlook 

Bahrain Car Rental Market Outlook

Global Catering Market Growth, Trends, Outlook To 2027: Ken Research

What is the Size of Global Catering Industry?

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

The Global Catering Market is largely driven by urbanization and changing lifestyles.

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

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The growing preference among customers for fresher, healthier foods is boosting the worldwide catering services market.

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

Global Catering Market by service type

The Global Catering Market is segmented by service type into contractual and non-contractual. There is a preference towards the contractual catering service segment as contract catering has emerged as a cost-effective way of managing food services in a very less stressful manner for various events. Owing to this, contract catering is being rapidly adopted across diverse sectors, including education, corporate, healthcare, defense, sports, senior care, aerospace, etc.

Global catering Market by end user

The Global Catering Market is segmented by end-user type into healthcare, corporates, education, hospitality, industrial, in-flight and others. The event sector has the largest share as events and function happens in all the other sectors and they need catering services.

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Global catering Market by region

The Global Catering Market is segmented by region into North America, Europe, Asia-Pacific, Middle East & Africa and South America. The Asia-Pacific has the largest share in all the region owning to hectic lifestyle, urbanization, taste and preferences.

Global catering Market by basis of applications

The Global Catering Market is segmented by basis of applications type into wedding caterings, corporate caterings, social events catering and others.

Competition Scenario in global catering Market

Global Catering Market is at growing stage and has highly fragmented market. There more than 50 thousand players in market. Top players such as Compass Group Plc, Aramark Corporation and AVI Food Systems in Global Catering Market hold major market share. The market is largely driven by rising demand for healthier fresh food and international cuisine and rising culture of on-site catering.

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What is the Expected Future Outlook for the catering Market Across the globe?

The Global Catering 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 Catering Market is driven by customers' growing preference for fresher, healthier foods is driving growth in the global catering services market.

 Catering service providers have shifted their focus to providing healthier meals prepared in-house with fresh ingredients. The market is expanding as a result of a greater emphasis on implementing technology to improve the customer experience and reduce time spent waiting for food.

 Specialized catering services are becoming more popular as global multinational corporations rapidly expand into emerging markets. Catering businesses now offer healthy dining options such as organic meals, a balanced vegan diet, and healthy snacks as a result of the worldwide trend of rising health consciousness.

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

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

 Although factors such as the growing preference for home-cooked foods may impede market growth, the increasing popularity of online catering is clearly driving market growth. Our researchers examined the data with 2022 as the starting point, as well as the key drivers, trends, and challenges. A comprehensive analysis of drivers will assist businesses in refining their marketing strategies in order to gain a competitive advantage.

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Global Catering Market Outlook to 2027

Related Reports By Ken Research: -

Global Catering and Food Service Contractor Market 2019

India Catering Services Market Outlook to 2027F

Australia Catering Services Market Outlook To 2027F

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

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What Is The Size Of France Fitness Service Industry?

France Fitness Service market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F. The France Fitness Service Market is largely driven by increasing avg age of the country, rising obesity rates, technological advancements, corporate wellness programs, changing lifestyles, and government initiatives.

France, like many other countries, has witnessed a rise in obesity rates. This has created a greater need for fitness services as individuals strive to maintain a healthy lifestyle, lose weight, and address obesity-related health concerns.

The integration of technology in the fitness industry has played a significant role in driving market growth. Fitness apps, wearable devices, and online training platforms have made it easier for people to track  their progress, access personalized workout routines, and receive virtual coaching, enhancing the overall fitness experience.

Many companies in France are implementing corporate wellness programs to promote employee health and well-being. These programs often include fitness services, such as gym memberships, on-site fitness facilities, and wellness initiatives, contributing to the growth of the fitness service market.

France is a popular destination for fitness tourism, attracting visitors who are interested in fitness activities, wellness retreats, and sports events. The availability of diverse fitness services, such as yoga retreats, outdoor activities, and specialized fitness centers, drives the growth of the fitness service market in the country.

France Fitness Service Market By Market Structure

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

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

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

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France Fitness Service Market By Gender

The France Fitness Service market is segmented by gender into male and female. The industry has experienced an increasing interest in fitness among individuals of all genders, reflecting a balanced participation and demand. The market caters to the needs and preferences of both males and females, offering a wide range of fitness services and facilities to accommodate diverse goals and interests but in 2022 male still dominates the market.

France Fitness Service Market By Revenue Stream

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

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

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Key Target Audience:

• Fitness Equipment Manufacturers
• Fitness Equipment Distributors
• Fitness Centres
• Government Organizations

Time Period Captured in the Report:

• Historical Period:FY’17- FY’22P
• Base Year: FY’22P
• Forecast Period: FY’23-FY’27F

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Digital Fitness Market in France

Germany Fitness Services Market Growth, Revenue, Outlook to 2027F: Ken Research

WHAT IS THE SIZE OF GERMANY FITNESS SERVICE INDUSTRY ?

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

The Germany Fitness Service Market is largely driven by increasing avg age of the country, rising obesity rates, technological advancements, corporate wellness programs, changing lifestyles, and government initiatives.

There has been a notable shift in consumer behavior towards prioritizing health and wellness. More people in Germany are becoming conscious of the importance of maintaining an active lifestyle and taking care of their physical and mental well-being. This increased health consciousness has led to a growing demand for fitness services across the country.

Boutique fitness studios offering specialized workout experiences have gained popularity in Germany. These studios typically focus on specific exercise formats like yoga, Pilates, HIIT, cycling, and CrossFit, attracting fitness enthusiasts who seek a more intimate and tailored fitness experience.

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The integration of technology into fitness services has played a significant role in the market's growth. Fitness tracking devices, smartphone apps, and wearable fitness tech have become increasingly popular among German consumers.

The German government has taken steps to promote physical activity and healthy lifestyles. Public health campaigns, subsidies for sports clubs and fitness facilities, and initiatives to integrate physical education into schools have all contributed to the growth of the market.

GERMANY FITNESS SERVICE MARKET BY MARKET STRUCTURE

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

The Germany Fitness Service Market is largely driven by increasing avg age of the country, rising obesity rates, technological advancements, corporate wellness programs, changing lifestyles, and government initiatives.

There has been a notable shift in consumer behavior towards prioritizing health and wellness. More people in Germany are becoming conscious of the importance of maintaining an active lifestyle and taking care of their physical and mental well-being. This increased health consciousness has led to a growing demand for fitness services across the country.

Boutique fitness studios offering specialized workout experiences have gained popularity in Germany. These studios typically focus on specific exercise formats like yoga, Pilates, HIIT, cycling, and CrossFit, attracting fitness enthusiasts who seek a more intimate and tailored fitness experience.

The integration of technology into fitness services has played a significant role in the market's growth. Fitness tracking devices, smartphone apps, and wearable fitness tech have become increasingly popular among German consumers.

The German government has taken steps to promote physical activity and healthy lifestyles. Public health campaigns, subsidies for sports clubs and fitness facilities, and initiatives to integrate physical education into schools have all contributed to the growth of the market.

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GERMANY FITNESS SERVICE MARKET BY MARKET STRUCTURE

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

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

 

GERMANY FITNESS SERVICE MARKET BY GENDER

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

The industry has experienced an increasing interest in fitness among individuals of all genders, reflecting a balanced participation and demand

The market caters to the needs and preferences of both males and females, offering a wide range of fitness services and facilities to accommodate diverse goals and interests but in 2022 male still dominates the market

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GERMANY FITNESS SERVICE MARKET BY REVENUE STREAM

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

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

GERMANY FITNESS SERVICE MARKET BY SUBSRICTION

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

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

GERMANY FITNESS SERVICE MARKET BY SESSION TYPE

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

In 2022, group sessions gained popularity in the Germany fitness service market due to their ability to foster a sense of community, motivation, and social interaction among participants. Not only are group sessions cost-effective, but they also provide the opportunity to accommodate a larger number of individuals, making them attractive to a broader audience.

COMPETITION SCENARIO IN GERMANY FITNESS SERVICE MARKET

The fitness service market in Germany exhibits intense competition, characterized by varied offerings catering to different consumer preferences. Despite the challenges posed by recent health crises, the industry sees a paradigm shift towards digital and home-based fitness solutions, with traditional gyms reinventing their strategies. Increasing awareness about physical health and wellness keeps consumer demand high. However, the market faces headwinds due to rising competition from budget-friendly, online fitness platforms.

The industry also grapples with the volatility due to ongoing pandemic-related restrictions, yet remains resilient, with a positive long-term growth trajectory forecasted, driven by technology and innovative business models.

WHAT IS THE EXPECTED FUTURE OUTLOOK FOR THE OVERALL GERMANY FITNESS SERVICE MARKET ACROSS THE GLOBE?

The Germany Fitness Service market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Germany Fitness Service market is driven by increasing avg age of the country, rising obesity rates, technological advancements, corporate wellness programs, changing lifestyles, and government initiatives.  However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

Germany has one of the oldest populations in the world, with approximately 22% aged 65 or over in 2023. The elderly demographic's focus on fitness for healthy aging is driving the growth of fitness services designed for their needs.

The German government promotes physical fitness and health awareness, such as the "IN FORM" initiative, which aims to improve national health in the long term

Germany has one of the highest GDP per capita in Europe, approximately $42,000 in 2023, allowing more individuals to afford fitness services and memberships. High disposable incomes facilitate larger expenditures on health and fitness services, which will be a major growth driver for the market.

As of 2023, nearly 53% of the German population is overweight or obese, encouraging a surge in fitness consciousness and increasing the demand for fitness services.

In 2023, urban population makes up around 76% of the total population in Germany. Urban dwellers tend to have higher fitness center memberships, thus driving the market growth.

With an internet penetration rate of over 89% in 2023, Germany offers considerable scope for online fitness platforms, live-streamed workouts, and fitness apps.

Approximately 42% of corporations in Germany offered fitness-related wellness programs for their employees in 2023, supporting the growth of the fitness service market.

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Germany Fitness Services Market Outlook to 2027F

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Mexico Car Finance Trends, Market, Revenue, Outlook 2027F: Ken Research

What is the Size of Mexico Car Finance INDUSTRY?

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

The Car Finance Market is largely driven by growing middle-class population, rising vehicle sales, urbanization, accessible financing options, and partnerships with automakers.

The growing demand for auto financing in Mexico can be observed through increased vehicle sales. For example, according to the Mexican Automotive Industry Association (AMIA), new vehicle sales in Mexico surged by 22.2% in the first half of 2021 compared to the same period in the previous year.

Auto finance companies in Mexico offer diverse financing options to cater to different customer needs.

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instance, they provide traditional car loans with varying interest rates and terms, as well as leasing options that allow customers to use a vehicle for a specific period without full ownership.

The expanding middle-class population in Mexico is driving the demand for car financing. As more individuals enter the middle-income bracket, their purchasing power and desire for vehicle ownership rise.

The adoption of digital platforms and technological advancements have transformed the car finance industry. Online loan applications, digital documentation, and automated processes have improved the efficiency and convenience of obtaining car financing which has fueled the growth in the market.

MEXICO CAR FINANCE MARKET BY TYPE:

The Mexico Car Finance market is segmented By Type into New Car and Used Car.

Used car segments dominates the car finance market in Mexico in 2022.

Due to the country's economic conditions, affordability considerations, and the availability of a diverse range of used vehicles in the market. The used car segment often attracts a larger customer base due to lower purchase prices and potentially more flexible financing options, making it a popular choice among consumers looking for cost-effective transportation solutions.

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MEXICO CAR FINANCE MARKET BY TYPE OF CAR

The Mexico Car Finance Market is segmented By Type of Car Hatchback, Sedan, SUV, Multipurpose and others.

Sedan cars dominates the market in 2022, followed by SUVs.

Sedans have traditionally been popular in the Mexican market due to their versatility, affordability, and fuel efficiency. Sedans cater to a wide range of customers, including individuals, families, and professionals, making them a versatile choice for various purposes. Additionally, sedans often offer competitive pricing compared to SUVs and multipurpose vehicles, making them more accessible for customers seeking auto financing.

MEXICO CAR FINANCE MARKET BY TYPE OF INSTITUION

The Mexico Car Finance market is segmented by type of institution into Bank, NBFC and Captives.

Banks Dominates the Mexico car finance market in 2022.

Banks have a strong presence in the financial sector and often have well-established lending capabilities and extensive customer bases. They are typically associated with offering a wide range of financial services, including auto financing, and have the resources to provide competitive interest rates and flexible loan terms. Banks brand reputation, trustworthiness, and extensive branch networks position them as preferred choices for many customers seeking auto financing.

MEXICO CAR FINANCE MARKET BY TENURE

The Mexico Car Finance market is segmented by Tenure into 3-4 years & 4-5 years.

3-4 years loan tenure is more preferred by the customers in Mexico in 2022.

3–4-year tenure is commonly preferred by customers due to several reasons. Firstly, it aligns with typical ownership periods for many individuals who prefer to upgrade their vehicles within a few years. Secondly, a shorter tenure generally results in lower interest costs and faster loan repayment. This appeals to customers seeking to minimize overall interest expenses and have the flexibility to change vehicles more frequently.

MEXICO CAR FINANCE MARKET BY PRICE

The Mexico Car Finance market is segmented by Price into High (500,000+), Medium (200k-500k) and Low (below 200K).

Medium (200k-500k) is the dominant segment in the market in 2022.

Firstly, it covers a wide range of vehicles that cater to various customer preferences and needs. Secondly, the medium price segment represents a balance between affordability and features, making it appealing to a significant portion of the market. Lastly, financing options are typically more accessible for medium-priced vehicles, attracting a larger customer base.

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MEXICO CAR FINANCE MARKET BY MODE OF BOOKING

The Mexico Car Finance market is segmented by Mode of Booking into Online and Offline.

Online segment dominates the Mexico car finance market in 2022.

The growth of e-commerce and digital platforms has significantly influenced consumer behavior, including the way they research and purchase vehicles. Online booking offers convenience, accessibility, and the ability to compare financing options and terms from various providers. Additionally, the COVID-19 pandemic has accelerated the adoption of online channels for car finance transactions

COMPETITION SCENARIO IN MEXICO CAR FINANCE MARKET

The Mexico auto finance market is highly competitive, with several players vying for market share. These companies offer a range of financing options to cater to different customer segments. The market is characterized by competitive interest rates, flexible loan terms, and diverse promotional campaigns.

Digitalization has become increasingly important, with many finance companies offering online platforms and mobile applications for convenient loan applications and account management. Transparency and customer service have become focal points, with companies striving to provide clear fee structures and efficient support. Overall, the current market scenario reflects a competitive landscape where finance companies continuously innovate to attract and retain customers

WHAT IS THE EXPECTED FUTURE OUTLOOK FOR THE OVERALL MEXICO CAR FINANCE MARKET?

The Mexico Car Finance market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Mexico Car Finance market is driven by growing middle-class population, rising vehicle sales, urbanization, accessible financing options, and partnerships with automakers. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

For instance, in February 2023 BYD, the world’s leading manufacturer of new energy vehicles, recently formed a strategic partnership with Santander Bank (Santander) in Mexico, a multinational banking group for Auto financial solutions in Mexico. This partnership seeks to facilitate access to all new energy BYD vehicles to customers and non-customers of the Bank with an offer of a 10% down payment and financing of up to 72 months, in addition to plans with 0% commission for opening.

Mexico's projected economic growth and rising middle-class population indicate a positive outlook for the car finance market. As the economy strengthens, more individuals are likely to enter the middle-income bracket, leading to increased purchasing power and a higher demand for auto financing. For example, according to the International Monetary Fund (IMF), Mexico's GDP is forecasted to grow by 4.3% in 2023.

Advancement in Technology like providing personalized and convenient customer experiences. This includes offering customized financing solutions, faster loan approvals, and superior after-sales services. For instance, Banco Santander México has implemented digital tools and simplified processes to enhance the customer experience and reduce loan approval times which will further fuel the market growth.

As the global automotive industry transitions towards electric mobility, Mexico is expected to follow suit. The government's commitment to sustainable transportation and the growing availability of EV models in the market will drive the demand for EVs. This, in turn, will present opportunities for innovative financing options specific to EVs, such as subsidized interest rates or extended repayment periods.

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

Mexico Car Finance Market Outlook 2027F

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Unmasking the Pain Points: Brazil's Quick Commerce Market Faces High Costs and Low Margins - Can it thrive against the Odds? : Ken Research

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Propelled by the surge in digital adoption and internet penetration during the global COVID-19 pandemic, Brazil's quick commerce market has witnessed a phenomenal rise. However, like any success story, it faces its fair share of challenges. The market is grappling with soaring operational costs, demanding technological advancements, and slim profit margins, all casting a shadow of uncertainty over its future trajectory. Will this growth narrative persevere amidst these obstacles? Let’s find out together.

1. The number of internet users increase from 150 Mn to 160 Mn in 2021; ~14% of Brazil’s Digital Market is used in online food delivery

About 81% of the population is consuming internet in 2021, compared to only 67.0% in 2018, reflecting a growth rate of 20.9% between the years.

Brazil had about 160 million Internet users in 2022, or 74.0% of the population aged ten or older.

The Brazil Digital Market is distributed between various sectors with Online Food Delivery comprising of 14.2% of total usage and 11.2% is used for Food & Personal Care means.

2. This was due to the imposition of lockdown by governing authorities that caused customers to adapt to online shopping which boosted Brazil’s Quick Commerce Market

2.1 Moreover, Contrary to traditional shopping, Q-commerce services are available 24 hours a day, and higher availability of products

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3. The increasing usage of the Internet & latest technology in services among others have been driving the growth of the Quick Commerce market in Brazil

4. However, some major challenges like high Operating Costs coupled with the latest technology requirements and low margins are faced by players operating in the market

5. But still, with changes in consumer patterns and awareness of e-commerce services post covid 19 pandemic, the growth trend of the Brazil Quick Commerce market is only expected to rise in the future

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Brazil Quick Commerce Market

Total Warehousing Space in 2027 is expected to be 60 Mn sqm (including Captives) in KSA. Will KSA Warehousing market stand on this projected figure? : Ken Research

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1.High demand of Technology warehouses with Automation especially by E-commerce companies

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Investment in technology: Adopting new technologies, such as IoT sensors and real-time monitoring systems, can help improve the efficiency and accuracy of the warehouse operations.

Collaboration with suppliers: Collaborating with suppliers to establish a well-coordinated warehousing ecosystem can help ensure the quality of temperature-sensitive products.

 2.Saudi Vision 2030

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The expansion of the logistics industry has been emphasized in Saudi Arabia's Vision 2030, a comprehensive strategy for economic diversification. The government wants to make the nation a hub for global logistics by luring foreign capital and creating a welcoming environment for storage and logistics businesses.

50% non-oil exports as percentage of GDP by 2030, up from 16% in 2016 has boosted need for warehouses in KSA.

3.Favorable Location

Major cities such as Riyadh, Jeddah, Dammam and Mecca are the most populous cities in the country and are emerging as a hot bed for warehousing since most of the industrial regions are also located nearby.

• Fastest Growing Port: King Abdullah Port (KAEC) with 4 Mn TEU Annual Capacity
• Annual Port Capacity: Saudi Arabia handles more than 8 Mn TEU Annual Capacity
• Red Sea Trade: Saudi Arabia’s ports handle more than 90% of Red Sea Trade transits and ~ 30% of the East African Trade Transits

KSA's strategic location as a gateway between Europe, Asia, and Africa makes it an attractive hub for trade. The country has been actively promoting foreign trade and industrialization, attracting international companies to set up manufacturing facilities and distribution centers. This leads to an increased demand for warehousing services to support import, export, and local supply chains.