According to Renub Research report titled “China Hotel Market Forecast 2021-2027, Industry Trends, Share, Insight, Growth, Impact of COVID-19, Opportunity Company Analysis” the China Hotel Market is expected to reach USD 131.15 Billion by 2027. The Hotels industry in China has developed rapidly over the past decade and is an increasingly important industry in many cities and regions in China. The hotel industry represents a crucial component of financial industry outputs, job creation, and business opportunities contributing to local economic development. Evaluating hotel performance is vital for hotel management and strategy by indicating gaps and guiding future Improvement.
With increasing business travel and domestic tourism, the hotel market in China is far from reaching its saturation point. The continuous improvement of the hotel's occupancy rate, people's demand for leisure activities and tourism continues to increase. Notwithstanding, in China hotel industry is driven by more significant numbers of domestic and international tourists and increasing living standards and per capita spending for tourism. More elevated demand for services and quality, higher room prices, and industry deregulation has also supported revenue growth over the period. With the increasing demand for international and domestic tourism, China's total number of hotels is rapidly increasing. All International Chain High-End Hotels are Present in China Besides, China's largest populations to use their hotel services are business people. China has focused on creating convention centers in their large cities and high-end hotels that is good for meetings and talking. There are many different types of hotel-like High-End Hotel, Mid-Scale Hotel; Budget Hotel is in China. High-End Hotel is a well-known international chain and brand stared hotel. Many foreign hotel brands and their chains continued to expand in China, while the domestic brands are converging on increasing their footprint into mergers and acquisitions. The Chinese government has launched the Greater Bay Area Plan and the Belt and Road Initiative to increase higher demand for luxury hotels. Similarly, Mid-Scale hotels in China benefit considerably from the recovery of meeting, incentive, conference and exhibition (MICE) services in China because they offer affordable prices and quality services. Middle- and low-end hotels accelerate their development in online booking services. For middle- and low-end hotels with small scale and small client groups, competing with high-end hotels owning large scale and high reputation is getting increasingly difficult. Online booking services help them to reach a broader range of people and thus acquire more clients. Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=china-hotel-market-p.php Number of Hotels in Hong Kong Doubled between 2010 and 2020 Beijing's capital city of China hotel industry has benefited from enhanced intercity transportation and tourism facility. Therefore, Shanghai, one of China's most important business hubs, is home to a buzzing hospitality market that continues to grow. Moreover, Hong Kong hotel has visited centres for central tourist hubs in China as Chinese visitors from the mainland spend relatively more money. At the same time, during their stay in Hong Kong, the tourism and hotel sector highly depend on mainland Chinese visitors' revenue. As per our research, with the growing number of overnight visitors, the number of hotels in Hong Kong doubled between 2010 and 2020, while available hotel rooms increased by more than 40 percent. In addition to providing subsidies by China government, the Hong Kong administration initiated a holiday at promoting hotel bookings, home campaigns and touristic offers to Hong Kong residents. Impact of COVID-19 on China Hotel Industry The China hotel industry is comparatively less affected by the COVID-19 pandemic during 2020, as the market shifted from International to domestic travellers. The international travellers who account for a less share in the market recorded a sharp decline in transactions as most nations are primarily affected by the sudden pandemic. But as the domestic conditions stabilized and the vaccination rate against coronavirus increased significantly, the impact of the pandemic is steadily diminishing. Thus confidence in the China domestic hotel market is gradually restored, and the dawn of hotel performance is also ushering in, casting out the gloomy mist. Key Hotel Players Performance The key hotel players present in China are Huazhu Hotels Group Ltd, Shanghai Jin Jiang International Hotels (Group) Company Limited, Zhejiang New Century Hotel Management Co. Limited, Jinmao Hotel and Ctrip. These players in the China hospitality industry are opting for technological upgrading of their properties throughout the country. For instance, in 2021, Huazhu Group Limited announces License Agreement between Steigenberger and Porsche Design Group to Establish a Joint Hotel Brand. Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/china-hotel-market-p.php Market Summary Hotel Type – Report covers by hotel type in the China hotel market breakup of 3 viewpoints (High End Hotel, Mid-Scale Hotel and Budget Hotel), Platform (Online and Offline) Ordering Platform – We have covered by Ordering Platform in the China hotel market breakup by 2 viewpoints (Online and Offline) City – Our Report covers by city in China hotel market breakup by 6 viewpoints (Beijing, Shanghai, Guangzhou, Shenzhen, Hong Kong, Macau) All the key players have been covered from 3 Viewpoints (Overview, Recent Development, and Hotel Revenue) Huazhu Hotels Group Ltd, Shanghai Jin Jiang International Hotels (Group) Company Limited, Zhejiang New Century Hotel Management Co. Limited, Jinmao Hotel and Ctrip About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets. Contact Us: Renub Research Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research Renub Research latest report titled "Augmented Reality Market Global Forecast by Segments, Region, End-User, Headset Volume, Company Analysis" the Global Augmented Reality Market is projected to reach US$ 85.47 Billion by 2026. Augmented Reality (AR) is a unique technology that involves the overlay of computer graphics in the real world. It only enhances objects in the modern world by superimposing virtual images into them. Augmented reality offers interactive experiences into multiple sensory, auditory modalities, including haptic, visual, somatosensory, and more. AR is a system that incorporates three essential features: a combination of real and virtual worlds, real-time interaction, and accurate 3D registration of virtual and real objects.
Factors Driving Worldwide Augmented Reality Market Further, the global AR market is influenced by several factors, such as the proliferation of smartphones, increased popularity of gaming, cost-efficient benefits of augmented and virtual reality-based solutions, and a surge in the adoption of AR technologies by enterprises. These factors are to drive the growth of augmented reality. Worldwide Augmented Reality Industry was US$ 12.56 Billion in 2020 Worldwide, augmented reality’s businesses continue to expand and become more pervasive among various segments like E-Commerce, Hardware, Ad spending, Apps etc. Augmented reality in the e-commerce market web design gives consumers an immersive experience, allowing real-time communication with products while remaining in their environment. Augmented reality bridge-whist the gap felt by customers between physical stores and online shopping experiences. Moreover, the various advancements in the gaming industry, AR technologies earning much market due to it’s unlike virtual reality, augmented reality utilizes existing environment and enhances it with an overlay of distinct features. Over the last few years, the expansion of the core augmented digital reality market can be attributed to several beneficial factors, such as the proliferation of mobile apps, the increased use of smartphones, and the increasing use of digital reality in advertising. North America is driving the Demand of Augmented Reality Market In North America, increasing investment in immersive technologies is boosting the AR demand in the region. Similarly, the US government is keen on promoting the adoption of immersive technology, strengthening the region’s hold on the augmented reality industry. For instance, in 2019 US Defense Advanced Research Projects Agency showed interest in IMT Atlantique and contacted the company for developing similar smart contactless lenses for the US military. Moreover, AR technology is benefiting both the enterprise and consumer industry in Asia- Pacific. The increasing usage of AR devices to improve product assortment, advertisement, catalogue management, Research and information visibility led to the selection of AR headsets among enterprises. However, the growing adoption of AR apps and smartphone users is adopted of the AR headsets product. Moreover, better field of view, technological advancements and usage of high-performance sensors at a discounted price coupled with the expanding adoption of smart glasses adopted by consumer application. Based on headset type, the AR headsets market is segmented into standalone HMD, tethered HMD and Screen-less Viewer. The tethered HMD were the foremost or introductory tools in the industry. The AR product demand is primarily attributed to the enterprises which practice high-performance AR applications and immersive objects. In Addition, the standalone HMD comprise optical see-through, near-eye display, and LCoS technology cameras. Thus, these products provide an immersive experience without the help of any system or smartphone. Growing usage of low-price imaging sensors, microphones, and other sensors Covid-19 has Positively Impacted Augmented Reality Demand The COVID-19 pandemic has critically impacted global industries. It has resulted in restricted travelling, social distancing, fewer on-site staff, lack of training tools, and much more. However, AR technology offers massive support during the crisis and fuel the market potential. Increasing adoption of augmented reality technologies as more businesses have turned to remote working. Competitive Landscape The companies in the global AR market are receiving huge funds and investments across the globe. Companies such as Kopin Corporation, Seiko Epson Corporation, Vuzix, Sony Corporation, Lenovo Group Limited, and Samsung Electronics Co. Ltd. are collaborating with various industries to expand their markets. For instance, in 2021, Kopin ® Corporation announced a multi-year agreement with a leading Japanese electronics Company that develops superbright 2K x 2K full-color Light Emitting Diode (LED) micro displays on silicon. Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=augmented-reality-market-p.php Report Summary
About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets. Contact Us: Renub Research Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research China was the first country hammered by the health crisis (COVID-19), so the China Hotel Industry was the first to see the outcome. With strict travel constraints in various parts of the Chinese mainland, the hotel business was severely staggered in the absence of inbound tourists in 2019. However, during the year 2020, China saw turbulence for China hotel industry from "the dark moment" to "the glowing moment". Though the current international epidemic situation is still severe, the country has entered a normalization stage of epidemic prevention. According to Renub Research new report, China Hotel Market is expected to reach USD 131.15 Billion by 2027.
Consumers Preferring Online Hotel Booking over Offline Medium Notwithstanding, in China, By Ordering Platform the market constitutes Online Hotel Market and Offline Hotel Market. The online hotel market targets various consumer groups with different behaviour types with an offer that equates to their demands and budget level. With the progression in technology, the online hotel market is soaring at a fast pace. On the other hand, COVID-19 has accelerated the digitization of the travel agent model; creating more shop closures as in-store agencies switch operations online, creating the downfall of the country's offline hotel booking market. As per this report, post-COVID-19 recovery, the China Hotel Industry will grow with a double digit CAGR of 12.47% during 2020-2027 By Hotel Type, the China Hotel Market revolves around High-End Hotel, Mid-Scale Hotel, Budget Hotel and Luxury Hotel. By reviewing the hotel industry dynamics amidst the pandemic, hotels in budget and mid-upper scales are more resilient to recovery. The budget hotels and mid-upper scales mainly provide local services were more prone to recovery than post-COVID policies, and people could not travel too far away from home. Therefore, the overall recovery effect is the best when combined with the rise of surrounding tours. However, Mid-Scale hotels benefit a considerable amount from the recovery of meeting, incentive, conference and exhibition (MICE) services in China because they offer affordable prices and quality services during the pandemic. Although the pandemic has hit hard in the hospitality industry worldwide, but with the large-scale vaccination, China hotel industry is gradually recovering. The impact among cities was uneven. For instance, among the cities in China, in Beijing because of the pandemic, the number of international visitor arrivals plummeted in 2020. Consequently, in 2020, the average occupancy rate of five-star hotels in Beijing dropped significantly in 2019. Similarly, in Shanghai, international visitor arrivals decreased sharply in 2019 compared to the figures of 2020. Business travellers gained up the lion's share of total visitor arrivals because of stringent entry quarantine restrictions. The average occupancy rate of five-star hotels in 2020 plunged to the lowest, especially in February and March. It was also the first time in the past four years that the ADR of five-star hotels dropped. Road to Recovery: Second Half of 2020 China Hotel Market However, things started to change in the second half of 2020, compared to the rest of the world. The local tourism market steadily rebounded in the second half of 2020, boosting the recovery of the hotel sector. Even though the pandemic affects globally, luxury hotels were opened in Shanghai in 2020. Also, new luxury hotels were opened in Beijing in the second half of 2020. The US-based Hilton Hotels recommenced its quick expansion in China even during the pandemic. Moreover, the group opened two upscale hotels in Beijing in 2020: The Hilton Beijing Daxing and the Hilton Beijing TongzhouBeitou. Hence, it can be concluded that although the COVID-19 pandemic has caused devastating disruption to the travel and hospitality industry across China, leading to unprecedented economic and social consequences. Since the second half of 2020, the hotel market in China has shown signs of recovery gradually. As per our analysis, the hotel industry has been observed on a growth track during the study period. Home-grown hotel companies primarily dominate the hotel industry in China. Domestic brands and their chains cover the total market in the country. Our research findings show that China Hotel Market Size was USD 57.62 Billion in 2020. Key Hotels Performance in China The key players in China Hotel Market studied in the report are Huazhu Hotels Group Ltd, Zhejiang New Century Hotel Management Co. Limited, Shanghai Jin Jiang International Hotels (Group) Company Limited, Jinmao Hotel and Ctrip. The industry is expected to expand with several new openings, mergers and acquisitions, which will enhance the market value and result in more revenue generation. Renub Research report titled “China Hotel Market & Forecast by Type (High End Hotel, Mid-Scale Hotel and Budget Hotel), Platform (Online and Offline), City (Beijing, Shanghai, Guangzhou, Shenzhen, HongKong, Macau,), Companies (Huazhu Hotels Group Ltd, Zhejiang New Century Hotel Management Co. Limited, Shanghai Jin Jiang International Hotels (Group) Company Limited, Jinmao Hotel and Ctrip)” provides a complete analysis of Chinese Hotel Industry. Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=china-hotel-market-p.php Hotel Type – China Hotel Market has been covered from 3 viewpoints: 1. High End Hotel 2. Mid-Scale Hotel 3. Budget Hotel Ordering Platform – China Hotel Market has been covered from 2 viewpoints: 1. Online Hotel Market 2. Offline Hotel Market Beijing - Five Star Hotel Status has been covered from 4 viewpoints: 1. Room Average Daily Rate (ADR) 2. Occupancy Rate 3. Room Stock 4. International Visitors in City Shanghai - Five Star Hotel Status has been covered from 4 viewpoints: 1. Room Average Daily Rate (ADR) 2. Occupancy Rate 3. Room Stock 4. International Visitors in City Guangzhou - Five Star Hotel Status has been covered from 4 viewpoints: 1. Room Average Daily Rate (ADR) 2. Occupancy Rate 3. Room Stock 4. International Visitors in City Shenzhen - Five Star Hotel Status has been covered from 4 viewpoints: 1. Room Average Daily Rate (ADR) 2. Occupancy Rate 3. Room Stock 4. International Visitors in City hong kong - Five Star Hotel Status has been covered from 4 viewpoints: 1. Room Average Daily Rate (ADR) 2. Occupancy Rate 3. Room Stock 4. International Visitors in City Macau - Five Star Hotel Status has been covered from 4 viewpoints: 1. Room Average Daily Rate (ADR) 2. Occupancy Rate 3. Room Stock 4. International Visitors in City All companies have been covered from 3 viewpoints: 1. Overviews 2. Recent Initiatives 3. Hotel Revenue Company Analysis: 1. Huazhu Hotels Group Ltd 2. Zhejiang New Century Hotel Management Co. Limited 3. Shanghai Jin Jiang International Hotels (Group) Company Limited 4. Jinmao Hotel 5. Ctrip About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra- competitive markets. Contact Us: Renub Research Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research Hydroponics plays a vital role in changing the way people think about plant growth and the future of gardening and farming. Hydroponics farming has become a new trend in the Agricultural sector, especially with the growing need for food and limited resources. It simply means growing fresh vegetables and fruits in nutrient-rich water instead of soil require less space and resources. Worldwide, modernized techniques, soil-less farming result in higher productivity in a controlled climate and with no risk of pests and insects.
According to the World Economic Forum, the global population is expected to reach nearly 10 Billion by 2050, making the requirement of food 60 per cent higher than it is today. The growing need for exotic vegetables such as tomatoes, lettuce, peppers, cucumbers, herbs, and others used in intercontinental cuisines is a prime factor driving the global Hydroponics Market. Besides, the increasing awareness among the consumers of eating fresh vegetables is also expected to fuel the market in the future. The demand for exotic vegetables like tomatoes and red lettuce in food and retail chains like Burger King and KFC is anticipated to boost sales during the forecast period. According to Renub Research, Global Hydroponics Market is estimated to reach US$ 19.08 Billion by 2027. Based on Technology Heating Ventilation & Air Conditioning (HVAC) plays a vital role in the development of indoor growers; to control the climate, hardware components such as climate control systems and lighting systems are essential. Further, the HVAC costs less than other technology like Irrigation systems, Led Grow Lights, Aeration systems and utilities that go into hydroponics. Global Hydroponics Market Size was US$ 10.30 Billion in 2020. Region-wise Growth for Hydroponics Market Size Worldwide, North America and Europe hold the largest market share; factors such as Europe has traditionally been at the front of implementing advanced techniques in hydroponic innovative greenhouse horticulture. Countries such as France, Netherlands and Spain have large areas under greenhouse cultivation. In the United States, enhancing demand for hydroponics and rising need for food and higher yield than traditional agricultural methods factors driving the hydroponics industry. Moreover, the rise in the consumption of exotic vegetables is adding value to the United States hydroponics market. As per our study, the Worldwide Hydroponics Industry will grow with a CAGR of 9.21% by 2020-2027. The COVID- 19 pandemics has made it necessary to understand the importance of adequate nutrition to boost immunity, maximize health, and decrease the risk and impact of the virus. Having a strong and resilient immune system is a demand for hydroponics farming. Thus, the destructive aftermath of the pandemic should be a catalyst to expand taste, knowledge and awareness and contribute to the adoption of hydroponics for a sustainable food system globally. global hydroponics market Companies Initiatives in Hydroponics Industry The world is witnessing an increased adoption of hydroponics globally. Many companies such as Signify Holding, Village Farms, Argus Control Systems Limited, Emirates Hydroponics Farms, Terra Tech Corp are investing massively into R&D for achieving state-of-art technologies that boost the productions and bring about a variety of cultivations possible. In 2019, Argus Control Systems Ltd partnered with Hydrofarm Holdings Group Inc. to provide exceptional environmental systems and services for horticultural production in the United States and Canada. Renub Research Latest Report “Global Hydroponics Market by Type (Aggregate, liquid) by Input (Nutrients, Growth Medium) by Crops (Tomatoes, lettuce, Pepper, cucumber, Herbs,Others) by Technology (Led Grow Lights, HVAC, Irrigation System, Aeration System) by Region (North America, Europe, Asia Pacific, south America, Middle East & Africa) by Company Analysis (Signify Holding, Village Farms, Argus Control Systems Limited, Emirates Hydroponics Farms, Terra Tech Corp)” studies the Global Hydroponics Market. The report also comprises qualitative factors such as drivers, restraints, and opportunities. Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=hydroponics-market-p.php Type - Global Hydroponics Market have been covered from 2 viewpoints • Aggregate • Liquid Input - Global Hydroponics Market have been covered from 2 viewpoints • Nutrients • Growth Medium Crops - Global Hydroponics Market have been covered from 4 viewpoints 1. Vegetables 2. Herbs 3. Fruits 4. Others Technology - Global Hydroponics Market have been covered from 4 viewpoints 1. Led Grow Lights 2. HVAC 3. Irrigation System 4. Aeration System worldwide hydroponics industry Region - Global Hydroponics Market have been covered from 5 viewpoints 1. North America 2. Europe 3. Asia Pacific 4. South America 5. Middle East & Africa Company Insights: • Overview • Recent Development • Revenue Analysis Company Analysis: 1. Signify Holding 2. Village Farms 3. Argus Control Systems Limited 4. Emirates Hydroponics Farms 5. Terra Tech Corp About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions. Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today's ultra-competitive markets. Contact Us: Renub Research Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research Today, the smart home is a revolutionary invention worldwide, facilitating the home keeper to power and track intelligent devices in the house. Smart homes provide facilities like automatic heating, lighting, security, and entertainment. Similarly, Japan offers a productive market opening for the smart home industry. The driving force behind Japan smart homes market growth is the infrastructure assistance, establishing general ECHONET Standard helping HEMS devices, and public connected home plans. Furthermore, the market is driven by smart devices, including smartphones, which already deems for more than half the market and are extending to grow due to their ability to connect IoT devices conveniently. According to this research report, the Japan Smart Home Market is expected to reach US$ 12.3 Billion by 2026.
Smart Home Devices Growth in Japan Japan's smart speaker market is expected to grow more than two folds by 2026, along with the increased use of other multimedia devices equipped with intelligent voice assistants. Deployment of devices such as a smart thermostat, monitoring camera, video doorbell, smart light bulb, motion sensor, smart light switch, door/window sensor, smart door lock, smart plug and smart smoke detector is also on the rise. At the same time, innovative specialized services account for the remainder of this rapidly expanding market. The Smart Home Market Share of Japan for the year 2020 was US$ 5.3 Billion. In recent year, Global tech giants such as Google and Amazon have launched a series of innovative home products tailored to the Japanese market. The increasing use of remote-control services and automated services also allows for the widespread collection of vast amounts of consumer data, which interests these tech giants and is another market that will continue to grow. The smart home market in Japan is positively fierce and embodies several significant players. Companies working in Japan's home automation space can be roughly divided into two camps such as Panasonic and Sony. Secual Inc. and Connected Design are some other companies working in Japan Smart home space. COVID-19 Impact on Japan Smart Home Market: The COVID-19 pandemic has promoted the growth of the Japanese smart home industry. The pandemic has pushed the sales of home automation devices in Japan due to its contactless features. Smart homes in Japan have gained rapid popularity among residential consumers due to the benefits and comfort achieved by connecting household products to the internet due to the virus's progression. The Japan Home Automation Market is expected to grow with a double-digit CAGR in future. The Japan Home Automation Market is expected to grow by 15.06% during the forecast period of 2020-2026. Renub Research report titled “Japan Smart Home Market, Number of Active Households & Households Penetration by Application (Energy Management, Comfort and Lighting, Home Entertainment, Control and Connectivity, Security, Smart Appliances), Products (Smart speaker, Interactive Security System, Smart Thermostat, Monitoring Camera, Video doorbell, Smart light bulb, Motion sensor, Smart light, switch, Door/window sensor, Smart door lock, Smart plug, Smart smoke detector, Garage door opener, Smart electrical socket, Others), Companies (Panasonic Corporation, Sony Corporation, Secual Inc., Connected Design Inc)” is a market research report on smart homes market of Japan. Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=japan-smart-home-market-volume-home-automation-entertainment-energy-management-security-ambient-assisted-living-aal-p.php Application – Market, Number of Active Households & Households Penetration has been covered from 6 viewpoints: 1. Energy Management 2. Comfort and Lighting 3. Home Entertainment 4. Control and Connectivity 5. Security 6. Smart Appliances Products – Market has been covered from 15 viewpoints: 1. Smart speaker 2. Interactive Security System 3. Smart Thermostat 4. Monitoring Camera 5. Video doorbell 6. Smart light bulb 7. Motion sensor 8. Smart light switch 9. Door/window sensor 10. Smart door lock 11. Smart plug 12. Smart smoke detector 13. Garage door opener 14. Smart electrical socket 15. Others All companies have been covered from 3 viewpoints: • Overview • Recent Development • Revenue Company Insights: 1. Panasonic Corporation 2. Sony Corporation 3. Secual Inc. 4. Connected Design Inc About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions. Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today's ultra-competitive markets. Contact Us: Renub Research Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research Japan located on the Pacific Ocean and often called "the land of the rising sun". It is a country comprising culture that can be traced back by centuries and very distinct from other cultures. Inbound tourism is an essential part of economic growth and regional revitalization in Japan. Japan's inbound tourism industry is a growing market that has shown great potential in the past years. In 2021, Japan is going to host Olympic and Paralympic Games, giving a significant boost to its soft power image on a global scale. In recent years, the tourism industry in Japan is being treated as an engine to support its economic growth. According to the Renub Research report, Japan Tourism Market expected to reach US$ 3.1 Billion by 2026.
The tourism market in Japan is on the cusp of becoming a primary economic engine for the country. The exponential growth in tourism over the years by the Japanese government recognized inbound tourism as a profitable business. The gradual easing of travel visa for countries including Thailand, the Philippines, and China since 2013; an increase in the figure of budget airlines in Asia; and a depreciation in the Yen has made Japan inbound tourism popular. The Japan National Tourism Organization (JNTO) and rising awareness of inbound tourism's benefits also promote the market. But, the language and cultural barriers account for some restraining factors in the market. Our study suggests that the Japan Inbound Tourism Industry expected to grow with a staggering CAGR of 11.65% from 2020 to 2026. Inbound tourism remains a vital part of the Japanese economy and Japanese culture. The majority of the inbound tourists prefer leisure trips, or other recreational activities. Japan is an important global hub for commerce, technology, cuisine, popular culture, and shopping. Apart from that, sightseeing attracts tourists like Himeji Castle, Historic Monuments of Ancient Kyoto, and Nara Japan has 19 World Heritage Sites. More to this, Hiroshima, capital city Tokyo, Mount Fuji, ski resorts such as Niseko in Hokkaido, riding the shinkansen attracts numerous foreigner tourists. As per our research report, the Japan Inbound Tourism Market was valued at US$ 1.6 Billion in 2020. We have covered inbound visitors to Japan by countries a total of top sixteen countries covered in the report. South Korea, United States, Philippines, Australia, United Kingdom, Canada, and France have peaked in Japan's inbound tourism. Neighbouring South Korea is Japan's most important source of inbound tourists. Renub Research latest report titled “Japan Tourism Market, Inbound Tourists by Countries (China, South Korea, Taiwan, Hong Kong, United States, Thailand, Australia, Philippines, Malaysia, Vietnam, Singapore, United Kingdom, Indonesia, Canada, France, Rest of World), Spending (Accommodation, Food and Drink, Transportation, Entertainment Service, Shopping, Others), Survey Insights” provides a detailed analysis of Japan Inbound Tourism Industry. Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=japan-inbound-tourism-market-p.php Japan Inbound Tourist’s Survey Insights have been covered from 4 viewpoints: 1. Characteristics of Visitors and Trips — by Area of Visit 2. Average Number of Nights — by Area of Visit 3. Main Purpose of the Trip 4. Places to Shop in Japan Japan Inbound Tourism Market Analysis has been covered from 3 viewpoints: 1. Total Inbound Tourism Market 2. Total Inbound Tourist Numbers 3. Average Per Capita Spending by Types Average Per Capita Spending by Types have further been covered from 6 viewpoints: 1. Accommodation 2. Food and Drink 3. Transportation 4. Entertainment Service 5. Shopping 6. Others Market & Volume by Countries – Inbound Tourism Market have been covered from 15 Countries and Rest of World: 1. China 2. South Korea 3. Taiwan 4. Hong Kong 5. United States 6. Thailand 7. Australia 8. Philippines 9. Malaysia 10. Vietnam 11. Singapore 12. United Kingdom 13. Indonesia 14. Canada 15. France 16. Rest of World Countries – Inbound Tourist Market & Volume have further been covered from 4 viewpoints: 1. By Holiday & Leisure 2. By Business 3. By Others 4. Per Capita Spending by Types (Accommodation, Food and Drink, Transportation, Entertainment Service, Shopping, Others) About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions. Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today's ultra-competitive markets. Contact Us: Renub Research Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research Saudi Arabia In Vitro Diagnostics Market is expected to reach US$ 1,400.92 Million by 20275/28/2021
In-vitro diagnostics (IVD) plays a significant role in the Saudi Arabia healthcare system by providing accurate diagnosis and prognosis, thus enabling improved monitoring and treatment. Saudi Arabia represents the largest market for IVD in the GCC region. Diagnostics constitute a significant share of the total Kingdom’s healthcare spending. They are critical in medical decision-making and reducing diseases and healthcare expenditures. Saudi Arabia Health care Agenda, its vision of 2030 is to transform through diverse aspects, and one of the main areas of Vision 2030 is the healthcare sector. Ministry of Health plans and expenditure of 23 Billion SAR as new initiatives in the healthcare sector. According to the Renub Research report, Saudi Arabia In Vitro Diagnostics Market is expected to reach US$ 1,400.92 Million by 2027.
There has been stable growth in the adoption of IVD in Saudi Arabia. Growing occurrence rates of different infectious and chronic diseases show some of the market's drivers in Saudi Arabia. Some of the other factors catalysing the growth of IVD in Saudi Arabia include rising healthcare expenditures, improving healthcare infrastructure, initiatives by the government, rising awareness levels, etc. As per our research findings, Saudi Kingdom IVD Market was valued US$ 866.74 Million in 2020. Furthermore, due to the rising infectious diseases, cancer cases, and several people with diabetes in Saudi Arabia, it is believed that Saudi Arabia IVD Market will grow effortlessly in the coming years. Due to COVID-19 pandemic, all industry across the sector was impacted and so do Saudi Arabia IVD market. As per our study, this market would overcome during the forecast period. Looking forward, Renub Research expects the Saudi Arabia IVD Industry to exhibit growth with a CAGR of 7.10% during 2020-2027. By Segments – Immunochemistry is driving the Saudi Arabia IVD Market. Immunochemistry IVD devices have next-generation sequencing tests, which can help to sense genomic variation in person DNA. The growing old age population and increasing growth in the prevalence of chronic and infectious diseases are amongst the fundamental factors enhancing the growth and demand of the immunochemistry IVD market in Saudi Arabia. By Disease type – Infectious hold significant Saudi Arabia IVD Market market, which is attributable to the rising incidence of infectious diseases such as HIV, AIDS, SARS-CoV-2, tuberculosis, and pneumonia. Besides, an increase in the development of infectious disease detection assays by market players for IVD is expected to drive the segment. By End User – Government Hospitals & Laboratory holds the Largest Market. Most often, diagnostic centres collaborate with hospitals; hence, hospitals have their own diagnostic set up. Furthermore, the ongoing development of government healthcare infrastructure is anticipated to enhance the existing hospital facilities. Thus, the demand for Government Hospitals & Laboratory-based IVD tests is increasing. The market for IVD in Saudi Arabia is moderately competitive, and major players are actively present in the country, promoting high product availability in Saudi Arabia. Among the top companies operating in the In-Vitro Diagnostics in Saudi Arabia, Roche, Abbott, Siemens Healthineers, Sysmex Corporation, and Danaher Corporation has been studied thoroughly in the report. Renub Research report titled “Saudi Arabia In Vitro Diagnostics (IVD) Market, by Segments [Immunochemistry, Clinical Chemistry, Hematology, Hemostasis, Microbiology, Molecular Diagnostic, Self Monitoring of Blood Glucose (SMBG) and Point of Care Testing (POCT)]; by Applications (Infectious Diseases, Cardiovascular Diseases, Oncology, Diabetes and others); By End User (Government Labs & Hospitals, Private Labs & Hospitals and others) and by Companies (Roche, Abbott, Siemens Healthineers, Sysmex Corporation and Danaher Corporation)” provides a complete analysis of Saudi Arabia In-Vitro Diagnostics (IVD) Market. Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=saudi-arabia-in-vitro-diagnostics-market-p.php Segments – Market have been covered from 8 viewpoints 1. Immunochemistry 2. Clinical Chemistry 3. Hematology 4. Hemostasis 5. Microbiology 6. Molecular Diagnostic 7. Self-Monitoring of Blood Glucose (SMBG) 8. Point of Care Testing (POCT) Disease Type - Market has been covered from 5 viewpoints: 1. Infectious Diseases 2. Cardiovascular Diseases 3. Diabetes 4. Oncology 5. Others End User - Market has been covered from 3 viewpoints: 1. Government Labs & Hospitals 2. Private Labs & Hospitals 3. Others All companies have been covered from 3 viewpoints: • Overviews • Recent Developments • Revenues Company Analysis: 1. Roche 2. Abbott 3. Siemens Healthineers 4. Sysmex Corporation 5. Danaher Corporation About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions. Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today's ultra-competitive markets. Contact Us: Renub Research Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research The entertainment industry of Saudi Arabia is growing massively. Saudi Arabia has been putting its best effort to build a unique and world-class entertainment hub that includes innovative rides, cultural or historical attraction, and mega sporting events. It will also have accommodation facilities and merchandise in amusement parks that are gaining popularity among visitors of all age groups. Its entertainment sector offers an enormous opportunity for companies operating in this space. According to Renub Research, the Saudi Arabia Entertainment & Amusement market will reach US$ 1170.72 Million by the end of the year 2030.
The Saudi government has played a central role in supporting the growth of the entertainment sector by implementing the General Authority for Entertainment (GAE) established under the umbrella of the Public Investment Fund (PIF). The introduction of new tourism visa is expected to drive this market further. Even Saudi Arabia’s real estate industry continues to be well-positioned to benefit from the growth of the kingdom’s fledgeling entertainment industry. The Saudi Arabia entertainment market includes Theme Park/Amusement Park, Festivals and Concerts Market, and revenues from other Entertainment sources. As per this research study, Kingdom’s Entertainment and Amusement Industry will grow at a staggering CAGR of 47.65% during 2020-2030. Saudi Entertainment and Amusement (SEA) exhibition, a newly launched show to support accelerate industry growth in the run-up to the Kingdom's VISION 2030. SEA will be the Kingdom's first-ever trade event dedicated to the entertainment and amusement industry. In Saudi Arabia, there is a massive demand for theme parks and amusement parks. For Entertainment, Vision 2030 aspires to increase household expenses on entertainment from 2.9% to 6.0%. Saudi Arabia Amusement & Entertainment Market was US$ 23.77 Million in 2020. COVID – 19 Impact on Kingdom’s Entertainment Industry Due to COVID-19 pandemic, industries have suffered lockdowns, restriction, and so on Saudi’s. The entertainment sector has faced immense revenue decline due to this pandemic. In order to contain the Coronavirus, amusement and theme parks were closed from time to time for the last two years. As per our study post-pandemic i: e from 2022, Saudi Arabia Amusement Market will start reviving. Opportunities for Entertainment Companies In 2019, Projects like Qiddiyah were an entertainment megaproject established in Riyadh, where a six flags theme park is found inside sports arenas, water and snow sport facilities, motor tracks, venues to host cultural activities and vacation homes. In December 2017, the Saudi Kingdom decision to lift the ban on cinemas has opened a plethora of opportunities for international and regional entertainment companies. Renub Research report titled "Saudi Arabia Entertainment & Amusement Market, (By Theme Park/Amusument Park Market, Festivals and Concerts Market, Other Sources Market) (By Revenue - Indoor Family Entertainment Centres - FEC’s, Outdoor Amusement Parks) Festival, Concerts, by Regions (Riyadh, Jeddah, Dammam / Khobar, Others (Jizan, Tabouk, Taif and Al Baha), End-User (Family, Spouse, Alone, Kids Only, Others) Company (Al Hokair Group, Al Othaim, Fakieh Group, Jungle Land, Saudi Aramco Amusement Park, Event Plus, Squares Entertainment, Time Entertainment, First Entertainment Company, Belle Gate)" provides a detailed analysis of Kingdom’s Entertainment & Amusement Industry. Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=saudi-arabia-entertainment-and-amusement-market-p.php Theme Park/Amusument Park – Market breakup from 2 viewpoints Revenue 1. Indoor Family Entertainment Centres (FEC’s) Market 2. Outdoor Amusement Parks Market Region - Market breakup from 5 viewpoints 1. Riyadh 2. Jeddah 3. Dammam/Khobar 4. Mekkah and Madina 5. Others (Jizan, Tabouk, Taif and Al Baha etc) End User - Market breakup from 5 viewpoints 1. Family 2. Spouse 3. Alone 4. Kids Only 5. Others Festivals and Concerts Market Region - Market breakup from 4 viewpoints 1. Riyadh 2. Jeddah 3. Dammam/Khobar 4. Others (Jizan, Tabouk, Taif and Al Baha etc) End-User - Market breakup from 5 viewpoints 1. Family 2. Spouse 3. Alone 4. Kids Only 5. Others Company Analysis have been covered from 2 viewpoints • Overview • Recent Development and Initiatives Theme Park/Amusument Park Companies 1. Al Hokair Group 2. Al Othaim 3. Fakieh Group 4. Jungle Land 5. Saudi Aramco Amusement Park Festivals and Concerts Companies 1. E-PLUS (Event Plus) 2. Time Entertainment 3. First Entertainment Company 4. Belle Gate 5. Squares Entertainment About the Company: Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions. Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today's ultra-competitive markets. Contact Us: Renub Research Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND) Email: [email protected] Web: https://www.renub.com Follow on Linkedin: https://www.linkedin.com/company/renub-research |
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