Australia Corporate Training Market Is Growing At A CAGR Of ~% In 2017-2022 And Is Expected To Reach AUD ~ Bn By 2027F – Ken Research

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What Is The Size Of Australia Corporate Training Industry?

The Australia Corporate Training Market is largely driven by virtual training, organizations need and rise in learning requirement.  Also, Video-based e-learning has quickly became one of the most useful forms of education. The use of videos in the learning process, both uploaded and streamed, is a result of advances in high-speed internet networks.

Learning techniques are enhanced by video-based learning. Furthermore, video-based learning allows the user to watch the video at any time and from any location, and students can rewind, save, and re-watch the content at their leisure.

Additionally, to ensure workforce efficiency, an increasing number of organizations in Australia has modernized their training environment by incorporating e-learning tools.

Learning management systems, which provide all of the requirements for successful training practice management, such as performance management, administration, and content management, as well as the delivery of distinct and customized courses for employees, complement these solutions.

As a result, people's attention is shifting to online learning platforms, which is helping the LMS market grow.

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Australia Corporate Training Market By Industry Verticals

The Australia Corporate Training market is segmented by industry verticals into IT, telecom, FMCG, automotive, manufacturing, BFSI and healthcare.  Telecom vertical holds the largest share as they need new fresher’s trained on large scale regularly.

Australia Corporate Training Market By Deployment

The Australia Corporate Training market is segmented by deployment into on-site and off-site.

Off-site has been a preferred mode especially in cases where in the client lacks the required training infrastructure and cost para meters. However, if the client’s is resourceful and has requirement has a lot of customizations aligned to their business goals, they might opt for an On-site training mode. Due to Covid-19 Pandemic most of the trainings was shifted to online platforms.

Australia Corporate Training Market by Designation of employee

The Australia Corporate Training market is segmented by designation of employee into managerial, non-managerial and integrated.

Freshers and young professionals who are just 1-3 years old in their career are given most of the non-managerial trainings. Also, Managerial trainings are on the rise in Australia. Managers are required to avail trainings in new innovative business models & disruptive technologies for efficient deployment of resources.

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

• Corporate Training Companies
• Ed-tech Companies
• Self-Based Learning Platforms Companies
• Freelance Trainers
• Industry/Corporate Coach
• Contractual Professional Trainers
• Industry Veterans
• IT Solutions and Support Companies
• Top UG/PG Private Universities
• Retired Experienced Faculties
  Time Period Captured in the Report
• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2027F

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Australia Corporate Training Market

Bahrain Catering Service Market Size, Revenue, Forecast to 2027: Ken Research

 What Is The Size Of Bahrain Catering Service Industry?

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

The Bahrain Catering Service Market is largely driven by rising adoption of automated kitchen in catering services, surging focus on healthier meals and rising tourism in the nation.

The Bahrain Catering Service 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.

Contactless payments and in-app ordering are two of the newest developments in the in-flight catering industry.

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Furthermore, by providing high-quality food and guaranteeing little wait time, catering service companies are attempting to improve the complete client experience.

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.

Bahrain Catering Service Market By Type

The Bahrain Catering Service market is segmented by Type into Contract catering and non-Contract catering.

Non-Contract type was the most dominant type in Bahrain Catering Service market in 2022.

Bahrain Catering Service Market By End-User

The Bahrain Catering Service market is segmented by End-User into In-Flight, Oil & Gas, Hospitality, Healthcare, Education, Corporate and Others.

The corporate users were the most dominant segment in the Bahrain Catering Service Market. This is a result of multinational corporations expanding their presence and boosting their expenditures within the nation.

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Competition Scenario In Bahrain Catering Service Market

Bahrain Catering Service Market is in the growing stage, having a consolidated market with just few companies acquitting the major portion of the market. Bahrain Catering Service market is fragmented with the manifestation of small, medium and large corporations. Some of the major players in the Bahrain Catering Service market are Promoseven Holdings, United Caterers and Contractors, Mohammed Jalal Catering, Foosco, Food City etc.

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

The Bahrain 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 Bahrain Catering Service market is driven by rising adoption of automated kitchen in catering services, surging focus on healthier meals and rising tourism in the nation. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

The Bahrain Catering Services Market is projected to show significant growth in the coming 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. Growing health consciousness such as being vegan and eating green food in Bahrain cuisines is affecting an individual’s order pattern.

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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 Bahrain.

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Bahrain Catering Market Outlook to 2027F

Australia Plastic Pipes Market Analysis, Revenue, Outlook to 2027: Ken Research

 What Is The Size Of Australia Plastic Pipes Industry?

Australia Plastic Pipes Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach AUD ~ Bn by 2027F.

The Australia Plastic Pipes Market is largely driven by expansion of the infrastructure, government initiatives, high demand, and more awareness.

PVC pipes have gained popularity across continent owing to their favorable properties such as light-weight, cost-effectiveness, easy installation and durability. Apart from this, their excellent heat and electrical insulation properties have led to their usage in electrical fittings. These pipes do no rot, wear or rust over time and can withstand rigorous shaking and extreme movement in earthquake-prone zones. Owing to these factors, PVC pipes are continuously replacing other piping materials.

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Also, the primary driving factors in the market is the growing use of PVC pipes in the construction industry for applications such as water supply, housing and commercial, sewage and drainage, and irrigation. Furthermore, an increase in demand for PVC pipes in variety of applications such as chemical handling, building infrastructure, PVC molded material, as well as the good physical qualities such as durability, mechanical stability, chemical resistance, mouldability of such pipes, drives rising demand for PVC pipes.

Australia Plastic Pipes Market By End-User Application

The Australia Plastic Pipes market is segmented by end-user application into plumbing and civil, agriculture, mining and industrial, telecom and electrical and others.

Plumbing and civil application has comparatively higher market share in 2022 due to large scale of real estate construction undertaken by the private sector in Australia.

Mining, Chemical and Oil sectors are widely present in Australia owing to which, these industries contributed a significant share in the demand for plastic pipes and fittings in the country. Other applications include transfer of gas, HVAC, and other related industries.

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Australia Plastic Pipes Market By Type Of Pipes

The Australia Plastic Pipes market is segmented by types of pipes into PVC, Polyethylene and others. PE pipes had the largest market share. PVC pipes had second biggest market share as these types of pipes are less costly compared to PE pipes and are widely used in various sectors such as water pipelines and sewage pipelines. It has been witnessed that PVC has been mainly substituted by PE pipes in various application, which resulted in PE pipes gaining significant market share in the overall market.

Australia Plastic Pipes Market By Type Of Market Structure

The Australia Plastic Pipes market is segmented by types of market structure into organized and unorganized market.

Australia Plastic Pipes has higher share of organized market players in 2022 as there are few top players in the market which holds most of the market share.

Also, the organized companies have a strong market presence, a wide distribution network, and the ability to offer consistent quality products. They have also invested in research and development, innovation, and marketing efforts to maintain their competitive edge.

In contrast, the unorganized market segment consists of smaller, local players with limited resources and less stringent adherence to industry standards. They also face challenges in terms of product quality, distribution capabilities, and branding.

Competition Scenario In Australia Plastic Pipes Market

Australia Plastic Pipes Market is at growing stage and has consolidated market. Top three players which include Iplex Pipelines, Vinidex and Pipemakers.

Iplex Pipelines, Australia is the biggest manufacturer of plastic pipes and fittings in the country. It is followed by Vinidex and Pipemakers. The manufacturers compete more on the basis of quality of the products and product availability in the wholesale and retail outlets and product customization at the time of bulk orders and price.

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What Is The Expected Future Outlook For The Overall Australia Plastic Pipes Market?

The Australia Plastic Pipes market was valued at AUD ~billion in 2022 and is anticipated to reach AUD ~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 Australia Plastic Pipes market is driven by rising awareness, rapid urbanization and domestic manufacturing, antimicrobial additives for plastic pipes. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

Also, the plastic pipes and shapes market are expected to benefit from the rising awareness of advantages of plastic pipes and fittings over their substitutes. Plastic pipes and fittings are lighter in weight and cheaper than traditionally used metal pipes, and they do not rust or corrode. Plastic pipes also have insulative properties, which prevent the forming of condensation on pipes carrying cold water and decrease the heat loss in pipes carrying hot water. Other benefits of plastic pipes include quick installation times and long service life. The installation time for a PVC pipe was around 30% faster than a concrete pipe of the same size.  These factors are likely to boost the demand for plastic pipes and shapes and drive the market going forward.

Additionally, with this large and growing population, the demand for expansion of infrastructure and the construction of new building is also rising as more people are moving from rural to Urban cities. This is creating demand for infrastructure such as water supply and drainage system, gas supply system and sewage treatment plants etc., thus fueling the growth in plastic pipe industry of Australia.

Furthermore, The Australian government effort to promote housing industrialization will also contribute to the growth of plastic pipe industry as plastic pipe are often used in these projects because of their lightweight, corrosion resistance and ease of installation.

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Australia Plastic Pipe Market Outlook to 2027F

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Indonesia Plastic Pipes and Fittings Market Outlook to 2025

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Belgium Fitness Services Market, Overview and Genesis of the Industry Outlook to 2027: Ken Research

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What is the Size of Belgium Fitness Service Industry?

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

The Belgium Fitness Service Market is largely driven by increasing health awareness, rising obesity rates, technological advancements, corporate wellness programs, fitness tourism, changing lifestyles, and government initiatives.

Belgium, like many other developed countries, has been experiencing a rise in obesity rates. This has created a greater demand for fitness services as individuals seek to lose weight, maintain a healthy lifestyle, and combat obesity-related health issues.

The integration of technology in fitness services has played a crucial role in driving market growth. Fitness apps, wearable devices, and smart equipment have made it easier for progress, set goals, and access  personalized workout routines, thus enhancing the overall fitness experience.

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Belgium has a relatively high standard of living, and there has been a steady increase in disposable income among the population. This allows individuals to allocate a greater portion of their income towards fitness services, gym memberships, personal training, and other related activities.

The Belgian government has taken initiatives to promote physical activity and improve public health. These initiatives include campaigns, subsidies, and policies that encourage individuals to engage in regular exercise and fitness activities, leading to the growth of the fitness service market.

Belgium Fitness Service Market by market structure

The Belgium 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.

Belgium Fitness Service Market by gender

The Belgium 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.

Belgium Fitness Service Market by Revenue stream

The Belgium 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 Belgium 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.

Belgium Fitness Service Market by subscription

The Belgium 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.

Belgium Fitness Service Market by session type

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

In 2022, group sessions gained popularity in the Belgium 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.

Belgium Fitness Service Market by Payment Method

The Belgium Fitness Service market is segmented by Payment method into Card, Cash, Bank Transfer, Digital wallet and Others.

the dominant segment in the Belgium Fitness Service market is the "Digital wallet" segment. Digital wallets provide convenience, security, and ease of use for both customers and fitness service providers. They allow seamless transactions and eliminate the need for physical cards or cash.

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Competition Scenario in Belgium Fitness Service Market

The Belgium fitness service market is growing due to heightened health consciousness among its urbanized and young population. It is witnessing competition between traditional gyms and emerging digital fitness platforms, both striving to offer personalized and diverse training programs. The market is fragmented, featuring a mix of local and international brands that provide a range of services, including group classes and premium wellness experiences. Urban areas exhibit greater concentration and competition, due to better accessibility and affordability. Meanwhile, rural regions remain relatively unexplored, presenting potential avenues for growth. As digitalization progresses and demographics evolve, market competition is expected to intensify.

What is the Expected Future Outlook for the Overall Belgium Fitness Service Market Across the globe?

The Belgium 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 Belgium Fitness Service market is driven by increasing health awareness, rising obesity rates, technological advancements, corporate wellness programs, fitness tourism, 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.

Belgium's population stands around 11.5 million in 2023. A significant portion, nearly 65%, is aged between 15 and 64 years. This demographic, combined with a growing older population keen to maintain health and fitness, forms a substantial consumer base for the fitness industry which will led to market growth in the upcoming years.

With a GDP per capita of approximately $46,000 in 2023, Belgium ranks among the wealthiest countries in the world. High disposable incomes facilitate larger expenditures on health and fitness services, which will be a major growth driver for the market.

Belgium has a high urbanization rate, approximately 98% in 2023, resulting in easy access to fitness facilities and a propensity towards organized fitness services.

In Belgium, nearly 49% of adults were overweight or obese in 2023. This statistic is driving an increase in health consciousness, with many seeking fitness services to improve their health.

Belgium boasts an internet penetration rate of about 89% in 2023. This high connectivity provides a robust platform for online fitness services, including live-streamed classes and fitness apps.

Companies in Belgium are increasingly integrating wellness programs into their benefits packages. In 2023, approximately 40% of companies offered such programs to promote employee health and productivity.

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Belgium Fitness Service Market Outlook to 2027F

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France Fitness Services Market Outlook to 2027F

Germany Fitness Services Market Outlook to 2027F

Australia Catering Services Market Trends, Revenue, Outlook To 2027F: Ken Research

 What is the Size of Australia Catering Service Industry?

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

The Australia Catering Service Market is largely driven by changing lifestyle and the increase in adoption of new Technology.

The Australia Catering Service Market is largely driven by adoption of new technology 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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Major operators of catering businesses are investing in mobile apps, digital kiosks, tableside ordering systems, and dedicated pick-up areas or drive-thru lanes for mobile orders.  Due to the nation's rising veganism trend, eateries in Australia are reorienting their menus to include healthier choices including plant-based, locally produced and fresh cuisine.

The growing preference among customers for fresher, healthier foods is boosting the Australia catering services market. The catering service operators have shifted their emphasis towards 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.

Australia Catering Service Market By Type

The Australia Catering Service market is segmented by Type into Contract catering and non-Contract catering. Contract Catering type was the most dominant type in Australia Catering Service market in 2022.

Australia Catering Service Market By Length Of Contract

The Australia Catering Service market is segmented by Length of Contract into Short-Term, 1 year and more than 1 year.

The contract catering services in Australia were mainly dominated by 1 yearlong contract as they accounted for majority of the share of the catering contracts revenue in 2022 as the customers initially look for good quality catering service. Once satisfied with the services, they tend to renew the contracts after 1 year.

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Australia Catering Service Market By End-User

The Australia Catering Service market is segmented by End-User into Industrial, Government, In-Flight, Corporate, Education, Event, Healthcare and Others. The flight and airport sector has accounted for the maximum share of the revenue in 2022. This sector is driven by the rising expectations of all the passengers to have healthy nutritious food and the growing number of flyers.

Competition Scenario in Australia Catering Service MARKET

Australia Catering Service Market is in the growing stage, consisting of many players with just few companies acquitting the major portion of the market. Australia Catering Service market is fragmented with the manifestation of small, medium and large corporations. Some of the major players in the Australia Catering Service market are Sirrom Corporation, Nisbet Australia, Alpha Flight Services, Life’s a party group, Compass Group, Sodexo Australia etc.

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What is the Expected Future Outlook for the Overall Australia Catering Service MARKET?

The Australia 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 Australia Catering Service market is driven by changing lifestyle and the increase in adoption of Technology. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

The Australia Catering Services Market is projected to show significant growth. It is expected to be driven by the demand for healthy food and the convenience of delivering with the development of the hospitality sector. Growing health consciousness such as being vegan and eating green food is affecting an individual’s order pattern which is one of the major driving forces creating demand for catering services in the country.

Moreover, favorable government regulations are also expected to facilitate the catering business in the country. The expansion of foreign tourists in the country increases the in-flight services of the catering business which is further increasing the market.

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

The market for catering services is expected to grow 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 Australia.

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Australia Catering Services Market Outlook To 2027F

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What Is The Size Of Australia Lubricant Industry?

The Australia Lubricant Market is largely driven by rapid growth in industrialization and infrastructural developments, rising private & government investments and cost-effective manufacturing operations. The lubricant market in Australia has experienced growth over the years, primarily driven by the expanding automotive, industrial, and manufacturing sectors.

The growth of Australia's industrial and manufacturing sectors is leading a higher demand for lubricants, particularly for use in machinery and equipment. In addition to that, Australia's strong mining and construction sectors are contributing a major demand for lubricants in the heavy-duty machinery and equipment used in these industries.

The Australian government is also playing a major role in shaping the lubricant market through policies and regulations related to quality standards, pricing, and importation of lubricants. The Australian Competition and Consumer Commission (ACCC) enforces regulations that protect consumers and ensure fair competition in the market.

Furthermore, as awareness of the importance of high-quality lubricants and their environmental impact grows, Australian consumers are gradually shifting towards better-quality, environmentally friendly lubricants, thus fueling the growth in the market.

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Australia Lubricant Market By Type

The Australia Lubricant market is segmented by Type into Industrial Lubricant and Automotive Lubricant.

Australia Lubricant Market By Grade Of Lubricant

The Australia Lubricant market is segmented by Grade of Lubricant into Mineral, Semi-Syntenic and Synthetic.

Australia Lubricant Market By End Use Of Industrial Lubricant

The Australia Lubricant market is segmented by End Use of Industrial Lubricant into Construction and Mining, General Manufacturing, Metal Production, Power Generation, Food Processing and Others (Agriculture, Medical, etc.)

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Australia Lubricant Market By Type Of Industrial Lubricant

The Australia Lubricant market is segmented by type of industrial lubricant into Hydraulic Fluid, Grease, Gear Oil, Metalworking Fluid and Others (Turbine Oil, Compressor Oil, etc.)

Australia Lubricant Market By Industrial Distributional Channel

The Australia Lubricant market is segmented by Industrial Distributional Channel into Dealer Network and Direct Sales.

Australia Lubricant Market By End Use Automotive Lubricant

The Australia Lubricant market is segmented by End Use of Automotive Lubricant into Commercial Vehicles, Passenger Cars, Motor Cycles, Marine and Others (Aviation, Railways, etc.)

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

• Infrastructure and Real Estate Companies
• Mining Companies
• Government Entities
• Construction Companies
• Oil and Gas Companies
• Automotive lubricants manufacturers and other stakeholders
• Automotive OEMs

Time Period Captured in the Report

• Historical Year: 2017-2021
• Base Year: 2022
• Forecast Period: 2023F– 2027F

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Australia lubricants market

4 Catalyst to growth in Vietnam Pharmaceutical Market: Ken Research

 Storyline

• Vietnam's growing affluent class and population of over 98 Mn have led to increased expenditure on medicines, reflecting a high paying capacity for healthcare.
• The country is undergoing a demographic shift, with an aging population expected to reach over 20% by 2038 and approximately 25% by 2049, further driving the demand for pharmaceutical drugs.
• The Vietnamese government has implemented proactive measures to enhance the healthcare system and pharmaceutical industry, including regulatory strengthening, streamlined drug registration processes, and support for domestic pharmaceutical production.
• Specialty drugs are in high demand due to the rising prevalence of chronic diseases like cancer and diabetes, offering targeted therapies and improved outcomes for patients amidst Vietnam's epidemiological transition.

Introduction

With a population of over 98 Mn and a growing affluent class, Vietnam's Expenditure on Medicines has risen significantly, showcasing its high paying capacity for healthcare. The country's aging population further contributes to the demand for pharmaceutical drugs. To address these needs, the Vietnamese government has implemented healthcare reforms and initiatives to boost domestic pharmaceutical production. Specialty drugs are sought after to combat the increasing prevalence of chronic diseases like cancer and diabetes, providing better outcomes for patients.

1. High Paying Capacity/Expenditure on medicines

Medicine And Vaccine Supply in Vietnam

Vietnam has a relatively large market size with a population of over 98 Mn and a life expectancy of approximately 76 years. Around 30% of the Vietnamese population that can afford relatively expensive western medicine is growing, equal to 30 Mn 2005, per capita drug spending was $9.85, in 2010 it was $22.25 and in 2019 it was $75. The average growth rate in the period 2010-2019 is 14.8%.

2. Increase in Aging Population in Vietnam

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According to the General Department of Population, Vietnam will become a country with an aging population by 2038 with the proportion of people aged 60 and over reaching over 20%. By 2049, the proportion of elderly people will account for about 25% of the population. With that, the demand for pharmaceutical drugs and medicines is only going to increase in the future.

3. Government Initiatives and Reforms

The Vietnamese government has implemented initiatives to improve the healthcare system and pharmaceutical industry. This includes measures to strengthen the regulatory framework, streamline drug registration processes, encourage domestic pharmaceutical production, and enhance intellectual property protection. These initiatives create a favorable environment for pharmaceutical companies to invest and expand their operations.

4. Growing Demand for Specialty Drugs

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The cancer incidence rates for all cancers per 100,000 persons, which have been reported by the International Agency for Research on Cancer (IACR) in 2012, are 173 for males and 114.3 for females.

Therefore there is a dire need for speciality drugs in Vietnam which will cure diseases like cancer prevailing among the masses.

Mortality measures from sample-based surveillance: evidence of the epidemiological transition in Vietnam

According to Bull Health Organ, 2022

• Vietnam is experiencing an epidemiological transition, with a growing prevalence of chronic diseases such as cancer, diabetes, autoimmune disorders, and rare genetic conditions.
• Specialty drugs play a vital role in treating these complex diseases, offering targeted therapies and improved outcomes for patients.

According to Ken Research: Vietnam's high paying capacity, coupled with an increase in the aging population, has led to a surge in expenditure on medicines. The government's initiatives and reforms aim to strengthen the healthcare system and pharmaceutical industry, creating opportunities for growth and investment. The growing demand for specialty drugs reflects the rising prevalence of chronic diseases, particularly cancer, in the country. As Vietnam undergoes an epidemiological transition, the availability of targeted therapies and advanced treatment options becomes crucial for improving patient outcomes.

Bahrain Fitness Services Market, size, Revenue Outlook to 2027F:Ken Research

 What is the size of bahrain fitness service industry?

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

The Bahrain Fitness Service Market is largely driven by rising middle class, influx of investment, increasing digitization and rising awareness towards health.

The government of Bahrain has been actively promoting health and fitness initiatives. They have launched campaigns and programs aimed at encouraging people to adopt a healthier lifestyle, including regular exercise. Such initiatives have created awareness and contributed to the growth of the fitness service market.

Bahrain has experienced economic growth, leading to an increase in disposable income among its citizens. With higher income levels,

people have more financial resources to spend on fitness services, including gym memberships, personal training, and specialized fitness classes.

 

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Bahrain's urban areas have been rapidly expanding, with an increasing number of residential and commercial developments. Urbanization brings with it a demand for fitness facilities in close proximity to residential areas and workplaces. This trend has led to the establishment of numerous fitness centers

The rise of social media platforms has played a significant role in driving the growth of the fitness service market in Bahrain. Fitness influencers, online workout programs, and fitness challenges have gained popularity.

Bahrain fitness service market by market structure

The Bahrain 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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Bahrain fitness service market by gender

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

Due to traditional restrictions connected with women in Bahrain, the market for fitness services has been primarily driven by the country's male population. Women have become more conscientious, but there has been an increase in the number of female members at various fitness service facilities across the country in 2022.

Bahrain fitness service market by revenue stream

The Bahrain 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 Bahrain 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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Bahrain fitness service market by subsriction

The Bahrain 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.

Bahrain fitness service market by session type

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

Group sessions tend to be more popular in 2022 as they offer a sense of community, motivation, and social interaction among participants. Additionally, group sessions are often more cost-effective and can accommodate a larger number of individuals, making them appealing to a wider audience.

Bahrain fitness service market by payment method

The Bahrain Fitness Service market is segmented by Payment method into      Card, Cash, Bank Transfer, Digital wallet and Others.

Card payment is the dominant segment in 2022. With the increasing digitalization and convenience offered by card payments, it is often the preferred choice for customers in various industries, including fitness services. Card payments provide ease of transaction, security, and compatibility with online platforms and subscription-based models.

Competition scenario in bahrain fitness service market

The Bahrain fitness service market is experiencing growth driven by a surge in health consciousness among its young and urbanized population. Traditional gyms, along with emerging digital fitness platforms, are competing to offer personalized, diverse training regimes. The market is fragmented, with both local and international brands providing varied services, from group classes to high-end wellness experiences. Urban regions show higher concentration and competition due to increased

accessibility and affordability. However, rural areas remain relatively untapped, offering potential growth opportunities. The market competition is anticipated to intensify with further digitalization and demographic shifts.

What is the expected future outlook for the overall bahrain fitness service market across the globe?

The Bahrain 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 Bahrain Fitness Service market is driven by rising middle class, influx of investment, increasing digitization and rising awareness towards health. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

Bahrain, with a population of about 1.7 million in 2023, has a median age of approximately 32.5 years. The young, urban, and health-conscious demographic is a significant driver for the fitness service market.

Bahrain has one of the highest GDP per capita in the Middle East, at ~$26,925 in 2023. This high-income level drives the demand for premium fitness services as it increases the target audience which is more susceptible to premium services, which will be a major growth driver for the market.

Rising health awareness is another major factor for the growth in the market. As of 2023, around 30% of adults in Bahrain are obese, prompting increased health awareness and fitness initiatives.

Increase in digitization is also expected to contribute to the market growth. With internet penetration rate exceeding 98% in 2023, the potential for online fitness services and fitness apps is significant in Bahrain.

Furthermore, Bahrain attracted around 12 million tourists in 2022, and the wellness tourism segment is expanding, indirectly promoting the fitness service market as the a Bahrain's government actively promotes sports and fitness, such as the “Sports for All” initiative, further driving the fitness service market.

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

Bahrain Fitness Services Market Outlook to 2027F

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China Corporate Training Market Size, Forecast, Trends to 2027: Ken Research

 What Is The Size Of China Corporate Training Industry?

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

The China Corporate Training Market is largely driven by country's economic development, government support, digital transformation, increasing focus on skills development, and demand from various industries.

Government Initiatives: The Chinese government has recognized the importance of training and development for its workforce. It has implemented various policies and initiatives to support corporate training, including subsidies, tax incentives, and partnerships between educational institutions and businesses.

The adoption of digital technology has played a crucial role in the corporate training market.

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E-learning platforms, online courses, and virtual training solutions have gained popularity due to their convenience, scalability, and cost-effectiveness.

The demand for training programs focusing on specific skills and competencies has increased. This includes areas such as leadership development, technical skills, sales and marketing, language proficiency, and cross-cultural communication, which has a huge scope in the market.

Furthermore, the government promotes international cooperation and exchanges in the field of corporate training. This includes collaborations with foreign training institutions, participation in international conferences and exhibitions, and the exchange of best practices and experiences.

China Corporate Training Market By Industry Verticals

The China Corporate Training market is segmented by industry verticals into IT, telecom, FMCG, automotive, manufacturing, BFSI and healthcare.

IT sector is the dominant segment in the China corporate training market in 2022.

China has experienced significant growth in its IT sector, driven by technological advancements and digital transformation. As a result, the demand for training programs focusing on IT skills, such as programming, software development, cybersecurity, and data analytics, has also risen. The IT industry has also fast-paced nature, continuous skill requirements, and the need to stay abreast of technological advancements requirement.

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China Corporate Training Market By Deployment

The China Corporate Training market is segmented by deployment into on-site and off-site.

Off-site training is the dominant segment in 2022. Off-site training offers greater flexibility, scalability, and cost-effectiveness compared to on-site training. It allows employees to access training programs remotely, facilitates customized and on-demand learning, and enables organizations to leverage external expertise and resources. Additionally, the COVID-19 pandemic has accelerated the adoption of remote and online training, further driving the growth of off-site deployment in the corporate training market.

China Corporate Training Market By Mode Of Learning

The China Corporate Training market is segmented by Mode of Learning into

Instructor Led Classroom Only, Blended Learning, Virtual Classroom, Online or Computer Based Methods and Mobile and Social Learning.

Blended mode is the dominant segment in 2022 in the market. Blended learning provides a well-rounded and immersive learning experience, catering to different learning styles and preferences. It allows for interactive activities, collaborative discussions, and self-paced online modules, providing a balanced and effective training solution that meets the diverse needs of learners in the corporate environment.

China Corporate Training Market By Types Of Training Services

The China Corporate Training market is segmented by types of Training into Technical, Leadership, Managerial, Sales, Customer Management, Quality Training, Technical Training, Soft Skills and Brand Training.

Leadership and the managerial are the two major segment in the China Corporate training market in 2022. Leadership and managerial training are in high demand as organizations focus on developing effective leaders and managers to drive growth and innovation.

China Corporate Training Market By Designation Of Employee

The China Corporate Training market is segmented by designation of employee into managerial, non-managerial and integrated.

Managerial Segment is the dominant segment in the market in 2022. Managerial training programs focus on leadership development, strategic thinking, communication, and other essential skills necessary for effective management. As companies in China prioritize leadership development and talent enhancement. Developing competent managers is crucial for organizations to navigate complex business environments and achieve their goals.

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Competition Scenario In China Corporate Training Market

The competition scenario in the China corporate training market is highly dynamic and competitive. Numerous training providers, including multinational corporations are vying for market share. Key players like Ultima hub, Nanning corporate etc are expanding their offerings, leveraging digital platforms, and focusing on customized and industry-specific training solutions to gain a competitive edge.

Additionally, emerging players and startups are entering the market, introducing innovative approaches and disrupting traditional training models. This intense competition is driving innovation, quality improvement, and a diverse range of training options for businesses and individuals.

What Is The Expected Future Outlook For The Overall China Corporate Training Market?

The China Corporate Training 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 China Corporate Training market is driven by country's economic development, government support, digital transformation, increasing focus on skills development, and demand from various industries. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With China's focus on technology-driven innovation and economic transformation, there is likely to be a continued emphasis on skills development in areas such as digital literacy, data analytics, artificial intelligence, cybersecurity, and other emerging technologies. This trend will drive the demand for training programs that cater to these specific skill sets.

The digital transformation of the corporate training market is expected to continue in China. E-learning platforms, virtual training solutions, mobile learning, and other digital technologies are likely to gain further traction due to their scalability, cost-effectiveness, and ability to reach a geographically dispersed workforce.

Furthermore, the integration of artificial intelligence (AI) and automation technologies in corporate training is expected to increase. AI-powered learning platforms can personalize content, provide intelligent recommendations, and track learner progress, enhancing the effectiveness and efficiency of training programs.

China's increasing global presence and its integration with the global economy may lead to greater international collaboration in the corporate training market. Partnerships with international training providers, cross-border training initiatives, and the exchange of best practices are likely to foster innovation and diversity in training offerings. These trends indicate a positive future outlook for the corporate training market in China.

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

China Corporate Training Market Outlook to 2027F

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India Catering Services Market forecasted to grow further into USD opportunity by 2027 : Ken Research

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What is the Size of India Catering Service Industry?

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

The India Catering Service Market is largely driven by increasing Urbanization and the increase of tourism in the country.

The India Catering Service 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.

To run a food catering business in India, it is mandatory to obtain the FSSAI license to continue activities related to any stage of manufacturing, storage, packaging, processing, catering services, import and includes catering services, food services, sale of food as well as the sale of food ingredients.

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.

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India Catering Service Market by type

The India Catering Service market is segmented by Type into Contract catering and non-Contract catering. Non-Contract type was the most dominant type in India Catering Service market in 2022.

India Catering Service Market by Length of Contract

The India Catering Service market is segmented by Length of Contract into Short-Term, 1 year and more than 1 year.

The contract catering services in India were mainly dominated by 1 yearlong contract as they accounted for majority of the share of the catering contracts revenue in 2022 as the customers initially look for good quality catering service. Once satisfied with the services, they tend to renew the contracts after 1 year.

India Catering Service Market by End-user

The India Catering Service market is segmented by End-User into Industrial, Government, In-Flight, Corporate, Education, Event, Healthcare and Others. The event and marriage sector has accounted for the major share of revenue in catering services. The establishment of a large number of malls, schools, companies, colleges, IT parks, factories, and hospitals will widen the scope of the food catering business in India.

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Competition Scenario in India Catering Service Market

India Catering Service Market is in the growing stage, consisting of ~ players (banks and digital payment companies) with just few companies acquitting the major portion of the market. India Catering Service market is fragmented with the manifestation of small, medium and large corporations. Some of the major players in the India Catering Service market are Sodexo, Compass India, Box8, Levy, HungerBox, LSG Sky Chefs, ABC Corp etc.

What is the Expected Future Outlook for the Overall India Catering Service Market?

The India 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 India Catering Service market is driven by increasing Urbanization and Tourism in the country and also due to changing lifestyles. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

The India Catering Services Market is projected to show significant growth in the coming 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. Growing health consciousness such as being vegan and eating green food in Indian 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 India.

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

India Catering Service Market

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