Press Releases from Makreo Research And Consulting (138 total)
Vietnam Auto Finance Market to Reach USD 12.82 Billion by 2030, Driven by Econom …
The Vietnam auto finance market, a vital component of the nation's financial ecosystem, has faced notable volatility in recent years. In 2023, the market experienced a sharp decline as the automotive sector struggled. Vehicle sales dropped by -25.37%, while motorcycle and scooter sales fell by -16.21%. High bank interest rates and economic difficulties in the real estate and securities markets played a significant role in this downturn.
Despite these challenges, the…
India's Warehousing Market Poised for Remarkable Growth with 30 Million Sq. Ft. …
The demand for warehousing space in Asia has been on a steady upward trajectory, fueled by key factors such as the e-commerce surge, supply chain diversification, rapid urbanization, population growth, infrastructure enhancements, and cutting-edge technological innovations. Leading markets, including China, India, Japan, and Southeast Asia (spanning Singapore, Vietnam, and Malaysia), are experiencing unprecedented growth in warehousing demand, supported by these transformative trends.
► Asia-Pacific Logistics Rentals on the Rise:
Makreo Research reports…
What's Driving the Global Sustainable Packaging Market Projected to 7.73% CAGR b …
According to Makreo Research, the Global Sustainable Packaging Market is witnessing robust growth, fueled by the escalating demand for eco-friendly packaging solutions. In 2023, the market recorded a remarkable year-on-year growth rate of 7.91%. Over the period from 2019 to 2023, the market maintained a compound annual growth rate (CAGR) of 6.52%. This surge reflects a global shift toward sustainability as businesses and consumers respond to mounting environmental concerns.
The COVID-19…
Vietnam Cold Chain Market: What's Driving the Projected 12.02% CAGR by 2029 Amid …
According to Makreo Research, the Vietnam Cold Chain Market is a burgeoning yet relatively nascent sector that plays a pivotal role in preserving perishable goods by maintaining low temperatures. Cold storage warehouses, essential components of the cold chain, are designed to maintain optimal conditions to safeguard stored products. As of 2023, Vietnam is home to 101 commercial cold storage providers with a design capacity exceeding 1 million pallets. Despite rapid…
Global Construction Chemical Market - What's Fueling 2.2% CAGR Amid Infrastructu …
Makreo Research highlights the remarkable resilience and adaptability of the global construction chemical market, which achieved a compound annual growth rate (CAGR) of 2.2% from 2018 to 2022. This growth has been driven by ambitious infrastructure projects such as Libya's Great Man-Made River, Japan's Chuo Shinkansen, Saudi Arabia's Jubail II, and Dubailand in Dubai. With the rise of green building initiatives and increased investments in sustainable construction practices, the market…
India Flexible Packaging Market to Grow at 10.1% CAGR - Key Innovations, Leading …
According to Makreo Research, the packaging industry in India has seen substantial growth, with an annual growth rate of around 22-25% recorded in 2021. Today, packaging ranks as the fifth-largest sector in the Indian economy and has consistently shown growth over recent years. This expansion reflects a strong potential, particularly in export markets. Key exports from the packaging industry in India include flattened cans, printed sheets, crown corks, lug caps,…
UAE Cold Chain Market - What's Driving the Expansion in Dubai and Abu Dhabi's Lo …
According to Makreo Research, the UAE Cold Chain Market has experienced significant growth, achieving a compound annual growth rate (CAGR) of 8.42% from 2020 to 2023. This growth is a testament to the increasing demand for temperature-controlled supply chain solutions, driven by the country's strategic location, growing population, and the rising need to preserve the integrity of perishable goods.
Employing approximately 5,000 professionals across cold storage, transportation, and logistics operations, the…
India's Toy Market Poised for 11-15% Annual Growth as Urbanization and Middle-Cl …
Toys have long been a cornerstone of Indian culture and heritage, but the Indian toy industry has evolved significantly in recent years. The nature of play is rapidly changing, adapting to technological advances and shifting market demands. Today, the market is flooded with a diverse range of both traditional and modern toys, catering to an expanding consumer base.
According to Makreo Research, India's toy industry is undergoing significant transformations, driven by…
U.S. Corrugated Packaging Box Market Grows at 10% CAGR, Driven by FMCG Expansion …
The US Corrugated Packaging Box Market during the year 2018-2022 grew at CAGR of 10%. The country's corrugated box packaging market is a developed and highly competitive sector. With companies like International Paper, Tetrapak, Reynolds Group, Ball Corporation, and Owens-Illinois among its packaging juggernauts, US is one of the world's largest consumer of packaging.
The ongoing expansion of the FMCG sector, particularly in processed food, personal care, and pharmaceutical industries, has…
Global Machine Tools Market Surpasses USD 90 Billion in 2023, Driven by 3.05% Yo …
According to Makreo Research, the global machine tool market has experienced significant growth, surpassing USD 90 billion in 2023, with a year-over-year increase of 3.05%. This growth is driven by several factors, including advancements in automation and precision engineering, a growing demand for electric vehicles and renewable energy infrastructure, and heightened investments in manufacturing technologies across various industries. The transition towards Industry 4.0, which focuses on smart manufacturing and digitalization,…
India's Mobile Gaming Market Poised for Explosive Growth: USD 2.8 Billion Invest …
India is emerging as one of the fastest-growing gaming industries in the world, accounting for only 1% of the global gaming market. In recent years, India has witnessed a significant increase in its proportion of new paying users (NPUs) in gaming, fueled by a rapidly expanding customer base and robust e-commerce platforms. This environment presents a substantial opportunity for the Indian game developer ecosystem to innovate and create engaging content…
India Adult Vaccine Market: Addressing Low Urban Vaccination Rates (2%-5%) Despi …
India's position as a global leader in vaccine production is undeniable, manufacturing approximately 60% of the world's vaccines as of 2023. Despite this leadership, the country faces significant challenges in adult vaccination coverage, particularly in urban populations. With 16.2% of the adult population classified as elderly, only 2%-5% of urban adults receive vaccinations, highlighting the critical need for improved access and awareness in adult immunization programs.
For more details:
India Adult…
Egypt Remittance Market: Steady Growth Amid Challenges with 10-15% Annual Increa …
As of 2023, Egypt holds a pivotal position in the global remittance landscape, leading the Middle East and North Africa (MENA) region in remittance inflows. However, recent data reveals a concerning trend, with remittance flows to Egypt plummeting by 38% in the first half of 2023. This decline is primarily attributed to a significant gap between official and parallel foreign exchange rates, prompting many expatriates to turn to unofficial channels…
US Equipment Rental Market Grows Amidst Booming Construction Sector, Supporting …
The US Equipment Rental Market is witnessing significant growth, propelled by the continued strength of the construction sector. According to a recent report by Makreo Research, the equipment rental industry expanded at a CAGR of 3% from 2018 to 2022. This expansion, however, has been marked by fluctuations year-on-year, with the market seeing a surge in demand, particularly in 2021, and continued momentum into the first quarter of 2022.
For More…
Makreo Research Projects Global Banana Powder Market Revenue to Surge by 6.37% i …
The global banana powder market is on track to maintain a positive growth trajectory, with revenue expected to rise by 6.37% in 2024. This growth is attributed to several factors, including demographic trends, increased demand across various industries, and the rising popularity of natural ingredients in cosmetics and food products.
For more details: (Sample Report Available)
Global Banana Powder Market Size and Forecast (2019-2028)
https://www.makreo.com/report/global-banana-powder-market-size-and-forecast-2019-2028
► Youth Demographic Drives Consumption in Asia
A substantial…
Global Pharmaceutical Logistics Market Grows by USD 4.79 Billion in 2023 - Promi …
The global pharmaceutical logistics market exhibited substantial growth in 2023, increasing by USD 4.79 billion and reflecting a robust compound annual growth rate (CAGR) of 7.42% over the past five years. This surge is attributed to pharmaceutical companies and healthcare providers strengthening their supply chains and logistics capabilities in response to unprecedented global health challenges. Technological advancements and digitalization have significantly enhanced supply chain visibility and efficiency, enabling improved tracking…
India's Sustainable Tableware Market Surges with Rising Demand for Bagasse Produ …
In an interview with Makreo Research, Ajay Somaiya shares insights into his journey in the Bagasse Tableware market, recent developments, challenges, future opportunities, and more.
Ajay Somaiya is known in the Bagasse tableware market. The founder of Quit Plastic, Mr. Somaiya leads the Charge in Reducing Plastic Waste with his sustainable tableware products.
India's growing demand for sustainable alternatives is driving the rapid expansion of the bagasse tableware market. With environmental concerns…
Global Banknote Market Set to Surge with a Projected 6% CAGR Amidst Technologica …
According to Makreo Research, the global banknote market is poised for significant growth over the next five years, with an anticipated compound annual growth rate (CAGR) of 6% from 2023 to 2028. This expansion is driven by multiple factors, including the rising circulation of banknotes, the increasing need for faster and more accurate currency counting solutions, and the growing threat of counterfeit currency. The surge in counting errors and damaged…
Indonesia Cold Chain Market Poised for Growth: 12.5M m³ Cold Storage Capacity B …
The Indonesia cold chain logistics market, currently supported by 12.5 million cubic meters of cold storage capacity, is on the brink of substantial growth. This expansion is driven by increasing demand within Indonesia's pharmaceutical and food sectors. The pharmaceutical distribution market in Indonesia, dominated by 12 key distributors, ensures comprehensive coverage across the archipelago. In critical industries such as chemicals, pharmaceuticals, and drugs, cold chain logistics play a vital role…
India Spices Market Soars with 7.72% Growth in 2023; Exports Hit Record USD 4.46 …
The Indian Spices Market is experiencing remarkable growth, with a 7.72% year-over-year increase in 2023. As the world's leading producer, exporter, and consumer of spices, India exports its products to over 180 countries, with annual production surpassing 11 million tonnes. This expansion is driven by the growing versatility of spices, rising domestic and international demand, and advancements in processing and distribution technologies. The substantial increase in market revenue highlights the…
Philippines Auto Finance Market Achieves 7.31% CAGR, Surpassing 430,000 Unit Sal …
The Philippines Auto Finance Market demonstrated remarkable resilience and growth, achieving a compound annual growth rate (CAGR) of 7.31% from 2019 to 2023. Despite facing high inflation and interest rates in 2023, consumer spending on motor vehicles remained robust, with sales reaching a historic high of approximately 430,000 units. This significant uptick underscores a strong recovery and expansion phase for the industry, marked by increased sales of both passenger and…
Indonesia Auto Finance Market: Navigating Growth with 4.10% CAGR Amidst Economic …
The Indonesia Auto Finance Market experienced a slight slowdown in growth in 2023, following a robust performance in 2022. Despite this, the sector has shown resilience, with a compound annual growth rate (CAGR) of 4.10% from 2019 to 2023. In 2022, Indonesia produced 1.79 million passenger cars and commercial vehicles. This substantial output positively impacted related sectors, such as oil and fuel filters, which saw a revenue increase of 22.12%,…
Asia-Pacific Pharmaceutical Logistics Market Achieves 6.41% CAGR from 2019-2023, …
The Asia-Pacific Pharmaceutical Logistics Market has demonstrated robust growth, achieving a notable Compound Annual Growth Rate (CAGR) of 6.41% from 2019 to 2023. Notably, the sector saw a significant surge of 12.77% in 2021, driven by heightened demand during the COVID-19 pandemic. This growth underscores the region's pivotal role in distributing essential medical supplies, vaccines, and treatments across diverse markets.
Download the free sample report now for more details!
Asia-Pacific Pharmaceutical Logistics…
North America Pharmaceutical Logistics Market Expands by USD 6.68 Billion (2019- …
The North America pharmaceutical logistics market has experienced substantial growth, with revenue increasing by USD 6.68 billion from 2019 to 2023. This impressive expansion is driven by robust economies, a diverse and aging population, and significant advancements in IoT, AI, blockchain, and automation technologies. In 2023, North America's GDP reached an impressive USD 30.11 trillion, with the U.S., Mexico, and Canada significantly contributing to the global economy. The United States…
Europe Pharmaceutical Logistics Market Surges 8.64% CAGR, Driven by Pandemic Dem …
The Europe Pharmaceutical Logistics Market has shown impressive growth, boasting a Compound Annual Growth Rate (CAGR) of 8.64% from 2019 to 2023. The COVID-19 pandemic further accelerated this trend, with a notable 10.7% revenue increase in 2020 driven by heightened demand for vaccines and medications. As Europe continues to prioritize efficient supply chain management amidst growing product complexity, the logistics sector plays a critical role in ensuring the safe and…
India's Used Car Market Surges to USD 35.46 Billion, Driven by SUV and Hatchback …
India's used car market has experienced a robust growth trajectory, achieving a compounded annual growth rate (CAGR) of 9.7% from 2018 to 2023, culminating in a total revenue of USD 35.46 billion. The market witnessed a surge in sales, with 4.6 million units sold in the first nine months of 2023 alone, up from 4.2 million units in 2022. Key urban areas like Bengaluru, Delhi-NCR, and Hyderabad emerged as hotspots…
Saudi Arabia Infrastructure Market - Vision 2030 to Increase GDP Contribution fr …
Riyadh, June 18, 2024 - Saudi Arabia is experiencing an extraordinary growth trajectory in its infrastructure market, driven by the ambitious Vision 2030 initiative. This strategic roadmap, crafted to diversify the Kingdom's economy and enhance the quality of life for its citizens, is setting the stage for Saudi Arabia to become a global investment hub. The infrastructure sector's contribution to GDP is projected to rise from 5.3% in 2020 to…
Global Online Sports Betting Market Poised for Explosive Growth: 15.59% CAGR fro …
The global online sports betting market has experienced rapid growth in recent years, driven by increasing legalization and the rising popularity of online sports viewing. A new report titled "Online Sports Betting Market Size and Forecast (2018-2028) - Regional Analysis (North America, Europe, APAC, South America)" by Makreo Research provides an extensive overview of this dynamic market. The report offers valuable insights into the industry's performance, covering various regional markets,…
US Health Insurance Market Analysis: 8% of Americans Uninsured Amidst Rising Pre …
The United States boasts the world's largest health insurance market, yet approximately 8% of Americans remain uninsured, contributing to the highest rate of health premium increases in North America. With a mix of private and public insurance, including significant contributions from non-profit organizations in healthcare facilities, the nation experiences unparalleled healthcare expenditure. Both public payers and private insurers, alongside individual contributions, shoulder these costs. The growing digital landscape and increased…
Philippines Used Car Market Surges Past 1.2 Million Units, Projected 8.10% Reven …
Transformative Surge in the Philippines' Used Car Market
Robust Growth Propelled by 12% CAGR from 2019 to 2023
The Philippines' used car market is experiencing a transformative surge, driven by a robust Compound Annual Growth Rate (CAGR) exceeding 12% from 2019 to 2023. Sales have surpassed an impressive 1.2 million units, with tier 2 cities emerging as pivotal players, while tier 1 cities like Metro Manila, Quezon City, and Cebu City maintain…
Indonesia Logistics & Warehousing Sector Thrives: CAGR Hits 9.44%, Cold Storage …
The logistics and warehousing industry in Indonesia are experiencing a revolutionary shift, driven by a confluence of factors including market consolidation, post-pandemic economic resurgence, and ongoing infrastructural advancements. This transformation is vividly reflected in the market's remarkable growth trajectory, boasting a remarkable Compound Annual Growth Rate (CAGR) of 9.44% over the past half-decade. Of particular note is the burgeoning prospects within the processing industry segment, poised to present lucrative opportunities…
Indonesia Used Car Market Surpasses 2.5 Million Units Sales, Reflecting Resilien …
The Indonesia used car market has indeed exhibited resilience amidst the challenges posed by the Covid-19 pandemic. Despite the upheavals in various sectors, the Indonesia used car industry has managed to maintain a positive trajectory, with consumers increasingly favoring pre-owned vehicles over new ones. This shift in consumer behavior is evidenced by the remarkable volume of used car sales, which surpassed 2.5 million units in 2019, highlighting a growing preference…
Australia's Logistics Landscape: Major Players Transforming the Industry with In …
In Australia, the logistics and warehousing market exhibits a relatively low concentration of market share. While certain companies may dominate specific segments within the integrated logistics industry, their overall market share across the entire sector remains modest.
Makreo Research in its recently published research study on Australia logistics and warehousing sector has identified key market players and their performance. The study conducted by Makreo Research on the "Australia Logistics and Warehousing…
India Warehousing and Logistics Market Expands, Driven by Surge in Cold Chain an …
In 2023, India took the lead in expanding the warehousing and cold chain markets across the Asia Pacific region, foreseeing an addition of over 30 million square meters. This expansion is prominently driven by key cities such as Bengaluru, Delhi-NCR, and Mumbai, which have emerged as frontrunners in this surge. Notably, this growth trajectory has led to a surge in rental rates in 2023.
This demonstrates the pivotal role that the…
Driving India's Economic Renaissance: The Thriving Used Car Market
India's Economic Renaissance Fuels Surge in Pre-Owned Car Market
India is in the midst of an economic renaissance, marked by rapid development, an expanding workforce, and an increase in disposable income across the nation. This surge in economic growth has given rise to a burgeoning middle class, armed with greater purchasing power and a penchant for personal vehicles, particularly pre-owned cars. This shift in consumer behavior is poised to reshape the…
In Global Warehousing the Cold Storage Market Set to Reach $915.70 Billion by 20 …
In a groundbreaking revelation, the latest report on the global warehouse cold storage market unveils staggering figures, showcasing unprecedented growth and unrivalled potential in the industry. Titled "'Global Warehousing and Cold Storage Market Size and Forecast (2020-2030)," the report, published by Makreo Research delves into the dynamic landscape of cold storage warehousing, shedding light on key trends, developments, and forecasts shaping the industry's trajectory.
Cold storage warehouses, comprising specialized facilities…
Global Mattress Market Witnesses Noteworthy Growth Amidst Pandemic
The global mattress market has witnessed significant expansion, rising from USD 37 billion in 2018 to USD 40 billion in 2019, reflecting a remarkable year-on-year growth rate of 9.92%. This growth comes amidst unprecedented challenges posed by the COVID-19 pandemic, underscoring the resilience and adaptability of the industry.
► Global Mattress Market Size and Growth Trends
The size of the worldwide mattress market has experienced a noteworthy expansion, with a remarkable year-on-year…
Warehousing and Storage Market in North America Poised for Growth, Driven by E-c …
The North American warehousing and storage market is projected for steady growth in the coming years, fueled by the booming e-commerce sector and the increasing need for temperature-controlled facilities. The United States holds the dominant position in the market, with major players actively investing in innovative technologies to enhance operational efficiency and cater to the rising demand for cold storage solutions.
Market Landscape:
United States Leads the Way: The U.S. boasts major…
German Warehousing Market Booms on E-commerce Surge and Trade Growth
Throughout 2022, the German warehouse and logistics market experienced a notable uptake, totaling approximately 8.5 million square meters. While this figure slightly fell short of the record set in the previous year, which stood at 8.67 million square meters, it still surpassed the five-year average by a significant margin of 19%. This suggests a sustained and robust demand for warehouse facilities within the country.
The surge in demand for warehousing across…
North America Mattress Market: Growth Trends and Forecasts 2018-2030
In North America, more than one individual in five was aged 60 or over in recent years. The population of different districts are becoming older too. The local population matured 60 years or over, numbered 962 million every year, over two times as extensive as in 1980, when there were 382 million more older people across the district. The rise in the number of old consumers is increasing the interest…
Mattress Market Soars: Sustainability, Innovation, and Online Boom Drive Global …
The size of the global mattress market witnessed a noteworthy expansion, rising by USD 9.5 billion from 2019 to 2023, indicating a remarkable year-on-year growth. Amidst the pandemic, the mattress industry exhibited notable growth within the broader furniture sector. As individuals found themselves compelled to spend more time at home, there was a substantial upswing in the desire for home improvements, translating into an accelerated need for the replacement of…
Sweden's Warehousing and Logistics Sector Booms Amidst High Demand and Global Re …
The Swedish logistics market is currently experiencing a surge, marked by consistently high levels of contemporary logistics space being introduced each quarter. Despite this influx, the demand for modern logistics facilities far exceeds the available supply, particularly driven by the growing popularity of e-commerce. In Q4 2021, the Logistics Prime Yield hit an unprecedented historical low of 3.45%, indicating a robust market with further compression anticipated in Q1 2023.
► E-commerce…
Navigating India's Logistics Renaissance - A Comprehensive Insight into Warehous …
The landscape of the warehousing and cold chain sector in India is undergoing substantial changes, propelled by the rapid expansion of the economy, shifts in consumer preferences, and advancements in technology. A recent in-depth report from Makreo Research and Consulting meticulously explores the intricacies of the warehousing and cold chain market, providing a thorough understanding of the key players striving for prominence in this dynamically evolving industry. The industry is…
Asia-Pacific Mattress Market Surges with Remarkable Growth, Fueled by Evolving C …
The Asia-Pacific region is positioned as the primary consumer market for mattresses, driven by the substantial population in India, China, and Indonesia. The growth of the mattress industry in this region is influenced by various factors, including an increase in household numbers, evolving consumer preferences, technological advancements, a higher demand for hybrid and gel-filled mattresses, supportive government policies, rising disposable income, and lifestyle changes.
According to Makreo Research, Asia-Pacific Mattress Market…
India's Flexible Packaging Market Soars with a Projected 13.9% CAGR, Makreo Rese …
According to Makreo Research, India flexible packaging market is expected to grow at a rate of 10.1%. A significant number of biaxial film production lines have increased their capacity from around 1.3 million tons in 2019 to approximately 2.6 million tons as of March 31, 2022. One of the industries in India experiencing the fastest growth is packaging, which is the fifth-largest industry by market size. The business is expanding…
Sleeping Innovations: Navigating the Dynamic Landscape and Futuristic Trends of …
According to Makreo Research the European mattress market has emerged as a dynamic and thriving industry, showcasing notable trends, significant growth, and innovative strides. Europe is the third-largest market, with the United Kingdom and Germany being the largest. A recent analysis of this market reveals compelling insights into its evolution, driven by changing consumer preferences and technological advancements.
In recent years, the European mattress market has experienced a remarkable surge,…
Sleeping Giants: Unveiling the Booming Trends and Innovations in the India Mattr …
India's Mattress Industry: Riding High on Evolving Trends and Innovations
The organized modern Indian mattress market comprises Polyurethane (PU) Foam, Rubberised Coir, and Spring mattresses. In the Indian market, PU foam mattresses enjoy a dominant market share. Moreover, the growth of end-user industries like bedding & furniture, electronics, automotive, and building & construction contributes to the expanding demand for PU foam mattresses.
The mattress industry in India is currently experiencing an extraordinary…
Makreo Research: Tailored Research Solutions for Your Business Success
In the rapidly evolving landscape of business, information stands as the linchpin of smart decisions and a competitive edge. Navigating this intricate terrain requires the expertise of market research professionals who can unravel the complexities of data, providing invaluable insights into customer behavior, industry trends, and market opportunities. Makreo Research and Consulting, India's trusted market research company, takes the lead in offering bespoke market research solutions that empower businesses with…
Philippines Remittance Market Report: A Dynamic Landscape of Overseas Contributi …
According to Makreo Research analysis, the Philippines stands as the world's fourth-largest remittance market, trailing only India, China, and Mexico, as reported by the World Bank. In 2020, personal remittances from overseas Filipinos played a pivotal role, constituting a substantial 9.6% of the nation's GDP. Throughout 2022, remittances experienced a boost due to several factors. Strong oil prices in Gulf Cooperation Council (GCC) countries contributed to increased incomes for migrants.…
The Flourishing Growth of Poland's Plant-Based Food Market: A Comprehensive Anal …
The Plant-Based Food Trend in Poland
Poland, like many other nations, has witnessed a surge in the popularity of plant-based foods, driven by a multitude of factors, including concerns about health and the environment. Consumers are increasingly seeking alternatives to traditional animal-based products. Notably, the plant-based trend gained significant traction in Poland around 2018, with Polish vegans and vegetarians having early access to plant-based meat alternatives, thanks to pioneering companies like…
