China Hotel Market to grow at a CAGR of 12.47% from 2021–2027

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.

China Hotel Market to grow at a CAGR of 12.47% from 2021–2027


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.

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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.

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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: info@renub.com

Web: https://www.renub.com

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Tilapia Industry globally is expected to grow with a CAGR of 2.20% from 2020 to 2027

As per Renub Research latest report, “Global Tilapia Market Forecast by Production, Import, Export Countries, Company Analysis” the Global Tilapia Market to reach US$ 7.9 Billion in 2020. The fast-growing and prolific tilapia fish is among the essential aquaculture commodities in the world. It grows fast, quickly breeds in captivity, and is tolerant of various environments and cultural systems. Farming and propagating fish requires little input, and the technology can be simple and easily adaptable by small-scale fish farmers. Investors also find tilapia farming profitable because of its reasonably good feeding efficiency in lakes and low investment cost.

Tilapia fish has become the shining star of aquaculture, with farms starting and expanding over the globe while consumption races ahead of even the numerous ambitious farm building plans. All types of Cichlid fish species are commonly known as the tilapia, which is second only to carps as the world’s most widely farmed freshwater fish. These fishes are primarily found in shallow streams, ponds, rivers, and lakes but can also be observed in brackish water.

Further, tilapia fish is a rich source of protein, selenium, vitamin B-12, phosphorus, potassium, niacin and is low in fat and saturated fat, calories, omega-3 fatty acids, carbohydrates, and sodium. The increasing popularity of tilapia fishes leads to introducing new and innovative products of various tilapia fishes and frozen types of tilapia products, including whole tilapia and tilapia fillets.


Moreover, the rapid expansion of aquaculture has catalyzed the growth of the tilapia industry globally. Since it is omnivorous, hard and has good resistance to diseases, they are affordable and accessible even for small farmers to grow. The increasing use of Tilapia pharmaceutical and the fashion industry is expected to increase market demand for Tilapia.


China is the World’s Biggest Producer and Exporter of Tilapia Fish

Based on producing country, China is the world’s biggest producer and exporter of tilapia fish globally. Tilapia fish is a vital food commodity in China; its production was mainly taken out in the southern and southeastern coastal places where subtropical conditions favored the species’ growth and reproduction, with Nile tilapia fish being the most popular important. The tilapia fish farming industry in China is growing rapidly. China is by far the highest tilapia producing country and is producing one half of the global supply. China primary tilapia fish exporting country is the United States, Mexico, Russia, and the European Union. The United States and Mexico have been the traditional markets; however, the Russian market share began to expand. The European Union market grew steadily year on year.


Besides, Indonesia is also the significant producer of tilapia ?sh globally. The tilapia fish production sector plays a vital role in Indonesia’s economy through income generation, livelihoods diversi?cation, supply of animal proteins, and foreign exchange earnings. In addition, tilapia fish is one of the worldwide most demanded fish in the United States market regarding its price and nutritional quality. United States tilapia fish imports create sales, jobs, income, value-added, and tax impacts on the economy. The majority of tilapia fish imported into the United States comes from China and Taiwan, followed by Indonesia, Ecuador.

Impact of COVID – 19 on Tilapia Fish Industry

Coronavirus has spread worldwide, and most countries are adopting lockdown measures to control the spread of the virus and secure public health. All business and production activities are fully shut down except the necessary ones such as the food and medical sector or others, leading toward the economic crisis in the country. Fishing efforts have been reduced, and tilapia stock is finishing with inactive trade and transportation, disrupting the whole supply chain is majorly affecting the tilapia market.


Competitive Landscape

The global tilapia fish market is highly competitive owing to many players such as Seatrade, Atlantic Capes Fisheries, Inc, Atalanta Corporation, Ideal Foods Ltd, and Sea Delights. This essential company operating in the tilapia fish market concentrates on backward integration to expand their goods collection and better check the final product’s quality. Backward integration within the value chain leads to higher profit margins for the manufacturers. As they can produce high-quality aquafeed additives, lowered distribution costs, and improved control over goods price.

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Market Summary

  • Production Countries – We have covered top 10 producing country in the Global Tilapia Fish Market (China, Indonesia, Brazil, Philippines, Vietnam, Thailand, Colombia, Mexico, Costa Rica, and Israel)
  • Import Countries – Report covers top 10 importing country in the Global Tilapia Fish Market (United States, Israel, Germany, Spain, United Kingdom, Japan, Guatemala, Switzerland, Hong Kong, South Korea)
  • Export Countries – Our Report covers top 10 exporting country in the Global Tilapia Fish Market (China, Indonesia, Honduras, Mexico, Taiwan, United States, Netherlands, Peru, Germany, Malaysia)
  • All the key players have been covered from 2 Viewpoints (Overview, Recent Development) Seatrade, Atlantic Capes Fisheries, Inc, Atalanta Corporation, Ideal Foods Ltd, and Sea Delights

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: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

Global Augmented Reality Market to Grow at 37.6% CAGR during 2021 – 2026

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.

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Report Summary

  • Segments – We have covered by segment in the Augmented Reality Market breakup by 6 viewpoints (E-Commerce, Hardware, Ad spend, Apps, Games, Enterprise), Region (North America, Europe, APAC, Rest of World)
  • Region – Our Report covered by Region in the Augmented Reality Market breakup by 4 viewpoints (North America, Europe, Asia-Pacific, ROW)
  • End User – Renub Research Report covered by End User the Augmented Reality Market breakup by 2 viewpoints (Enterprise, Consumer)
  • Headset by Types – This report covered by Headset type the Augmented Reality volume breakup by 3 viewpoints (Screen-less Viewer, Standalone HMD, and Tethered HMD)
  • All the key players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Kopin Corporation, Seiko Epson Corporation, Vuzix, Sony Corporation, Lenovo Group Limited, and Samsung Electronics Co. Ltd

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: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

United States Real Estate Market will be US$ 1,751 Billion by 2027

Renub Reserch latest report, titled United States Real Estate Market by Segments (Private, Public) Construction, Category (Residential & Non- Residential), Company Analysis, Forecast” the United States Real Estate Market is expected to reach US$ 1,751 Billion by 2027. Globally the real estate sector is the most recognized industry. In the United States, the real estate industry has been a big business generating billions of dollars in revenue annually. There are ample openings for entrepreneurs to turn a profit. Hence, Real estate plays an essential role in the U.S. economy. Moreover, real estate accounts for a significant portion of all economic activity at the aggregate level, and changes in the real estate market also have broader effects on the economy.

United States Housing Market will grow with a CAGR of 5.45% from 2020 to2027

The American real estate sector has witnessed high growth with a rise in demand for office and residential spaces. The government of America and the governments of respective states has taken several initiatives to encourage development in the sector. Besides, the growth of the real estate sector in the United States is well complemented by the positive change in the corporate environment and the demand for office space and urban and semi-urban accommodations.


Additionally, the real estate construction sector will bene?t from renovating and upgrading the existing stock, including redevelopment, additions, renovations, and retro?ts. Also, the real estate development engine in the U.S. has impressive additional fuel to burn due to the awaited positive growth in the aggregate of households. Further, the newest development will likely occur in the more prospering cities, drawing residents from declining areas and rendering the housing in those areas obsolete.


By Segment – United States Real Estates Market revolves around Private Construction and Public Construction. Further, Private Construction and Public Construction comprises lodging, office, commercial, health care, educational, religious, public safety, amusement and recreation, transportation, communication, sewage and waste disposal, water supply, manufacturing, power, highway and street, conservation and development for buying, selling, and renting leasing of property, and condominiums.


Impact of COVID-19 on United States Housing Industry

The outburst and rapid spread of COVID-19 in early 2020 and stretching through October 2020 and assuredly beyond was one of the most severe collapses that the vast preponderance of the globe will eternally live through. Similar to other catastrophes or world wars, the novel coronavirus affected and continues to affect virtually every individual in every country in the world. So far in 2020, the United States real estate has been broadly negatively affected by COVID-19. Properties with a general application component like offices, retail, apartments, hotels, sports and entertainment venues have been singled out as latent spreading locations for the novel coronavirus.


United States Real Estate Market Size was USD 1,208 Billion in 2020

Currently, as evidenced by housing market conditions, despite increased housing insecurity caused by the pandemic, many housing market indicators have thus far remained strong in the nation. Contributing to rising prices and increased sales in housing inventory, the supply of homes for sale/on the market has decreased. Moreover, housing inventory was low even before the pandemic. However, it is possible that the pandemic exacerbated the shortage by causing people to put off selling their homes, in which case supply would be expected to increase somewhat in 2021.


Notwithstanding, the pandemic built a frenzied real estate market in maximum parts of the United States that have to let up, with demand for housing still outpacing the abundance of homes coming on the market, giving sellers a heavy upper hand in most of the country. But as per our estimates, the market cooled off a bit in July 2021, reasonably indicating that the wild price hike of the past year will have panicked off some buyers who favour waiting until things calm down to stay put or to continue renting.


United States Housing Industry Players Analysis

Some of the leading real estate companies running in the United States are Jones Lang Lasalle Incorporated, Hathaway home services, Cbre Group Inc., Brookfield properties LLC, Berkshire Cushman & Wakefield Holdings Inc.

As per our analysis, the upcoming year promises to bring evolution to the real estates’ industry in every region of the United States. For instance, Northern Arizona University plans for large construction projects that include STEM disciplines and the Biological Sciences Building renovation. The Southwest Florida International Airport is planning a huge amount of USD 250 Million terminal expansion, and residents in the city of Shoreline will see a USD 64.3 Million roadway reconstruction project introduced in 2022 and many more cities.

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Market Summary:

Segment – We have covered Private Construction and Public Construction of the United States Real Estates Market.

Private Construction – This report studies Private Construction Market which has further been divided into two categories Residential and Non-Residential. Non-Residential Category is more on divided into fourteen sub-categories namely Lodging,Office, Commercial, Health Care, Educational, Religious, Public Safety, Amusement & Recreation, Transportation, Communication, Power, Sewage & Waste Disposal, Water Supply and Manufacturing

Public Construction –  This report covers the Public Construction Market, divided into two categories: Residential and Non-Residential. Non-Residential Category is further divided into 12 Sub-Categories namely Office, Commercial, Health Care, Educational, Public Safety, Amusement & Recreation, Transportation, Power, Highway & Street, Sewage & Waste Disposal, Water Supply and Conservation & Development

Key Players – We have studied the company by overviews, recent developments and revenue of following companies Jones Lang Lasalle Incorporated, Cbre Group Inc., Brookfield properties LLC, Berkshire Hathaway home services, Cushman & Wakefield Holdings 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 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: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

China Hotel Industry will grow with a double digit CAGR of 12.47% during 2020-2027

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.

China Hotel Market Share, Forecast 2021-2027

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.

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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: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

Europe Automobile Market Size is expected to grow with a CAGR of 3.38% from 2020 to 2030

The European automotive industry has been booming and has become a global leader and driver of Europe’s growth and prosperity. In recent years, the European automobile sector has ascended to the top of the worldwide industry. Moreover, the European automotive industry has achieved record sales and is a significant employer and a source of considerable grant making in European society. According to Renub Research, European Automotive Vehicle Market is expected to reach 21.59 Million Units by 2030.

Europe Automotive Vehicle Market Forecast 2021-2030

Notwithstanding, the automotive industry has brought Europe freedom and access from mobility while making it increasingly time-efficient, safer, and more affordable. The automotive sector also contributes to environmental welfare. At the same time, the industry is thriving in keeping the disturbing impact on the environment of the steep hike in numbers of cars on the road in check, mainly through effective emission reductions. Also, the automotive sector seems to be a strong industry with attractive job opportunities and a growth engine of Europe’s economy. Hence, the industry is economically robust but with a clear gap to highly profitable sectors.

Mild Hybrid Vehicle is expected to provide Significant Growth over the Next Decade in European Automobile Industry

Furthermore, the European automotive industry is uniquely situated to become a centre for developing, testing, and eventually adopting new mobility technologies. By Category, the European automobile industry’s principal categories include Electric Vehicle (EV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Mild Hybrid Vehicle (MHEV), Natural Gas Vehicle (NGV), Fuel Cell Electric Vehicle (FCEV), Diesel Vehicle and Petrol Vehicle. The MHEV market is dominant, increasing, and expected to provide significant growth over the next decade. In Europe, PHEVs are expected to almost completely replace pure internal combustion engine (ICE) vehicles in the future. Moreover, MHEVs will play a significant role in a balanced powertrain portfolio for the next decade.

Europe Automobile Market Size is expected to grow with a CAGR of 3.38% from 2020 to 2030

Remarkably, the regions and players in the conventional automotive set are also obtaining momentum, and a growing wave of technological megatrends is redefining versatility. Even the core competencies for future prosperity are changing rapidly. In the coming years, European automotive players will require to develop these competencies and manage an employment transition to sustain their position at the vanguard of the industry.

In addition, the Europe automobile sector is expected to stay ahead in the changing competitive landscape, and therefore leaders will need to make some complex decisions. Above all, a shared vision concerning the European automotive sector’s positioning is necessary as well. The automotive passenger vehicles as a cornerstone for individual mobility and the commercial, automotive vehicle as the backbone of the European economy contribute tremendously to society, environment, economic welfare, and growth in Europe.

Coronavirus devastating effect on European Automotive Vehicle Industry

European car markets are gracing to deceive as sales promotions look good but only when contrasted with 2020, smashed by the shock of coronavirus shutdowns and short-term economic disaster. Our analysis expects a solid recovery as the year progresses and coronavirus vaccinations become ubiquitous. At the same time, apprehensions about the impact of the coming wave of Covid infections and a chip shortage remain in the background until the world is ultimately set free from the virus.

Europe Automotive Market was 15.49 Million Units in 2020

As per our analysis, over the following years and decades, the automotive industry will undergo a disruptive transformation towards a mobility industry. Many forces within and from outside the industry will try to transform the sector. The automotive ecosystem will open up, new players will enter, and industry boundaries will become fluid or disappear. In other words, we are going to see a global industry reshuffle.

The Europe Automotive Vehicles Market is consolidated with several international players. The major players are Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company and Honda Motor Company. These players make joint ventures, partnerships and launch new products with advanced technology to dominate their competitors. For instance, in 2020, Toyota launched KINTO, a single brand for mobility services in Europe. Similarly, in 2021, Ford announced a new strategy to go all-electric in Europe by 2030.

Renub Research latest report titled “Europe Automotive Vehicle Market, By Category (EV Volume, HEV Volume, PHEV Volume, MHEV Volume, NGV Volume, FCEV Volume, Diesel Volume and Petrol Volume), Company (Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company and Honda Motor Company)” provides a detailed analysis of Europe Automotive Vehicle Market

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=europe-automotive-vehicle-market-p.php

By Category – Europe Automotive Volume have been covered from 8 viewpoints:

1.    Electric Vehicle (EV)

2.    Hybrid Electric Vehicle (HEV)

3.    Plug-in Hybrid Electric Vehicle (PHEV)

4.    Mild Hybrid Electric Vehicle (MHEV)

5.    Natural Gas Vehicle (NGV)

6.    Fuel Cell Electric Vehicle (FCEV)

7.    Diesel Vehicle

8.    Petrol Vehicle

Company Insights:

•    Overview

•    Recent Development & Strategies

•    Financial Insights

Company Analysis:

1.    Volkswagen

2.    Toyota Motor Corporation 

3.    Daimler AG 

4.    Ford Motor Company

5.    Honda Motor Company

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: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

Next Generation Sequencing Market will reach US$ 34.8 Billion by 2027

Next-generation sequencing refers to the deep, high-throughput, in-parallel DNA sequencing technologies developed a couple of decades after the Sanger DNA sequencing method first emerged in 1977. It is a massively parallel sequencing technology that offers scalability, ultra-high throughput, and high speed to determine the order of nucleotides in the entire genome. DNA pre-sequencing is one of the most significant steps in the overall sequencing protocol as it involves the preparation of the sample for the subsequent sequencing reaction. Further, the expansion of the worldwide next-generation sequencing market is majorly driven by a rise in genome mapping programs, a rise in applications of next-generation sequencing; an increase in healthcare expenditure; and technological advancements in sequencing platforms. According to Renub Research, The Next Generation Sequencing Market will reach US$ 34.8 Billion by 2027.

next generation sequencing market share by renub research

Impact of COVID-19 Pandemic

The potential advantage of NGS diagnostic technology was to determining the genetic sequence of a virus and helping scientists understand the change of the virus. Throughout the COVID-19 pandemic, government authorities worldwide are constantly working with the private sector to bring NGS technology the potential diagnostic tool within the market. In 2020, the (US FDA) United States Food and Drug Administration issued an emergency use authorized (EUA) to Illumina Inc. for the first COVID-19 diagnostic test adopting NGS technology. The FDA approved the Illumina COVID Seq Test for the qualitative detection of SARS-CoV-2 RNA.

Based on Type

Next Generation Sequencing Market includes Targeted Re-sequencing (TPS/WES), RNA-Sequencing, Whole Genome Sequencing, Chip-Sequencing, De Novo Sequencing, and Methyl-Sequencing. Targeted Re-sequencing holds the largest market share; the technology allows economic options for WGS (World Geodetic System) and facilitates the in-depth study of genomic regions. RNA-based targeted sequencing is expected to witness lucrative growth in the coming years due to the growing demand for differential expression analysis. As per this report, the Next-generation Sequencing Industry will grow with a CAGR of 22.94% during 2020 – 2027.

Moreover, in recent years, NGS has been considered the most potent tool in diagnostics and research to understand the treatment regimen for various diseases, including cancer, infectious diseases and cardiovascular diseases. In cancer diagnostics, due to the widespread adoption of liquid biopsies, there has been a significant increase in the utilization of NGS technologies. These technologies utilize cell-free circulating tumour DNA (ctDNA) as a non-invasive cancer biomarker for real-time cancer monitoring and detection.

NGS is steadily being integrated into user verticals like Academic and Research Institutes, Biopharmaceutical Industry, Diagnostics Industry, Governments Agencies, Hospitals and Clinics. The academic and Biopharmaceutical Industry dominates the NGS industry. Academic created the most significant revenue to the high usage of the next-generation sequencing platforms for basic research programs within universities and institutes. As per this study, Next-generation sequencing Market Size was US$ 8.2 Billion in 2020.

In addition, Next-generation sequencing informatics Services are used in clinical applications of NGS, technological advancements in NGS informatics tools, growing preference toward personalized medicines and early disease diagnosis, and the increasing demand for NGS services and investments by key companies.

next generation sequencing industry

The key players include Illumina, Thermo Fisher Scientific, Pacific Biosciences, Oxford Nanopore Technologies, and Roche. They were operating in the global next-generation sequencing market. In 2020, Illumina Inc. acquired GRAIL, a healthcare company focused on multi-cancer early detection, for cash and stock consideration of US$ 8 Billion upon closing of the transaction.

Renub Research latest report “Next-generation sequencing Market by Types of Test (Targeted Re-sequencing (TPS/WES), RNA-Sequencing, Whole Genome Sequencing, ChIP-Sequencing, De Novo Sequencing, and Methyl-Sequencing) by Disease (Reproductive Health NGS test , NGS Test Market (Rare Disease Diagnostics), Cancer (Risk Prediction, therapy Selection & Respose), Metabolic Immune (Diagnostic), Cardiovascular NGS Test Market, Others NGS Test Market) by Informatics (NGS Informatics Services, Primary and Secondary Data Analysis Tools, Computing, Storage, Biological Interpretation and Reporting Tools, LIMS (Laboratory Information Management System) by End User (Academic and Research Institutes, Biopharmaceutical Industry, Diagnostics Industry, Governments Agencies, Hospitals and Clinics)” provides a detailed analysis of Next-generation sequencing Industry.

Request a Free Sample Copy of the Report https://www.renub.com/request-sample-page.php?gturl=next-generation-sequencing-market-p.php

Types of Test – Next Generation Sequencing Market have been covered from 6 viewpoints:

  1. Targeted Re-sequencing (TPS/WES)
  2. RNA-Sequencing
  3. Whole Genome Sequencing
  4. ChIP-Sequencing
  5. De Novo Sequencing
  6. Methyl-Sequencing

Disease – Global Next Generation Sequencing Test Market have been covered from 6 viewpoints:

  1. Reproductive Health NGS test
  2. NGS Test Market (Rare Disease Diagnostics)
  3. Cancer (Risk Prediction, therapy Selection & Response)
  4. Metabolic Immune (Diagnostic)
  5. Cardiovascular NGS Test Market
  6. Others NGS Test Market

Informatics – Global Next Generation Sequencing Market have been covered from 6 viewpoints:

  1. NGS Informatics Services
  2. Primary and Secondary Data Analysis Tools
  3. Storage
  4. Computing
  5. Biological Interpretation and Reporting Tools
  6. LIMS (Laboratory Information Management System)

next generation sequencing market size

End User – Global Next Generation Sequencing Market have been covered from 5 viewpoints:

  1. Academic and Research Institutes
  2. Biopharmaceutical Industry
  3. Diagnostics Industry
  4. Governments Agencies
  5. Hospitals and Clinics

Company Insights:

• Overview
• Recent Development

Companies Covered:

  1. Illumina
  2. Thermo Fisher Scientific
  3. Pacific Biosciences
  4. Oxford Nanopore Technologies
  5. Roche

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: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

Managed Service Market is anticipated to reach US$ 460.6 Billion by 2027

Around the world, managed services are becoming increasingly popular with businesses. People are adopting managed services to better organize operate and safeguard their business. The appropriation of managed services entails transferring a higher degree of power to a third party; deciding when and how to adopt them is key. Enterprises and government agencies worldwide migrate from test environments to cloud and compute instances for more of their mission-critical workloads. The need for IT skilled professionals and the high cost of downtime and data loss drive managed services among large enterprises. According to Renub Research, Global Managed Service Market is anticipated to reach US$ 460.6 Billion by 2027.

managed service market share by renub research

managed service market

Furthermore, the demand for data centers is increasing as well as Security Services, Network, Data Center & IT Infra, Communication & Collaboration, Mobility Service, and Information Services has a result of the expanded usage of IoT, Big Data and cloud, analytics as a fundamental part of numerous enterprises digital transformation strategies. This is supporting the expansion of the managed service sector. Cloud adoption is projected to rise as demand grows. Furthermore, security concerns, combined with IT functions to seize control of organizational networks and IT infrastructure, are projected to boost managed services market growth. The Managed Service Market Size is expected to grow with a double-digit CAGR of 17.23% during 2020-2027.

How Managed Services made Growth in COVID-19

The demand for cloud-based solutions has seen robust growth due to remote working models being employed by enterprises. Various industries such as Telecom, IT, Consumer, Manufacturing, BFSI ((Banking, Financial Services and Insurance), Healthcare, and Others have observed a growth in their earnings during 2020. MSPs offer services to enterprises running in such industries. Globally, the IT sector is a significant market for the managed services due to the high rate of various technological adoptions, increased frequency of confirmation of the BYOD policy (Bring your own device), an increased need for high-end security rapidly growing data among the organizations.

Regional Analysis of Managed Services Industry

North America dominated the global managed service market; this is mainly due to major market players who focus on increasing their presence in significant industries. These include telecommunication, medical, finance, and government. The Asia Pacific is expected to increase significantly during the forecast period. Growing investment in SMEs by emerging nations such as China and India is likely to drive the demand for managed services market. As per this research report, Worldwide Managed Service Industry was US$ 151.4 Billion in 2020.

global managed service market

Company Analysis

The large tech companies such as Accenture, Broadcom, Cisco, AT&T Inc., Lenovo Group give managed computing services to companies of all sizes around the world. In 2021, Masergy Wraps Cisco Webex into Managed Services.

Renub Research latest report “Managed Services Market, Global Forecast by Deployment Type (Cloud, On-Premise), Organization (SME,Large), Vertical (Telecom, IT, Consumer, Manufacturing, BFSI, Healthcare, Education,Energy &Utilities,Media & Entertainment and others), Service type (Security Services, Network, Data Center & It Infra, Communication & Collaboration,Mobility Service,and Information Services), Region (North America, Europe, APAC,MEA, Latin America), Companies (Accenture,Broadcom (Symantec Corporation), Cisco,AT&T Inc.,Lenovo Group )” provides a detailed analysis of Managed Service Industry.

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=managed-service-market-p.php

Deployment Type – Managed Services Market have been covered from 2 viewpoints:

  1. Cloud
  2. On-Premise

Organization – Managed Services Market have been covered from 2 viewpoints:

  1. SME
  2. Large

Vertical –Managed Services Market have been covered from 10 viewpoints:

  1. Telecom
  2. IT
  3. Consumer
  4. Manufacturing
  5. BFSI (Banking, Financial Services and Insurance)
  6. Healthcare
  7. Education
  8. Energy &Utilities
  9. Media & Entertainment
  10. Others

Service Type –Managed Services Market have been covered from 6 viewpoints:

  1. Security Services
  2. Network
  3. Data Center & It Infra
  4. Communication & Collaboration
  5. Mobility Service
  6. Information Services

managed service market size

Region – Managed Services Market have been covered from 5 viewpoints:

  1. North America
  2. Europe
  3. APAC (Asia-Pacific)
  4. MEA (Middle East and Africa)
  5. Latin America

All companies have been covered from 3 viewpoints

• Overview
• Company Initiatives
• Sales Analysis

Company Analysis:

  1. Accenture
  2. Broadcom (Symantec Corporation)
  3. Cisco
  4. AT&T Inc.
  5. Lenovo Group

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: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

Automotive Seat Market is expected to be a US$ 87.46 Billion by 2027

At present, the automotive industry is the third-largest spender on research and development, behinds healthcare and software and electronics. Automobiles, seats are one of the essential components of automotive. Emerging trends, which directly impact the dynamics of the automotive seat industry, include the development of the link between seat systems & smartphones. Customer approaches for automotive comfort are growing, and the advance of automotive seats that origin minute fatigue for extensive distance driving is essential.

automotive seat market

Automotive makers recognize comfort as a significant trade point, as it plays a substantial role for buyers. Luxurious, comfortable, and safe automotive seating systems are gaining preference among consumers, which, in turn, is prompting OEMs (Original Equipment Manufacturer) to seek automotive seats that could satisfy consumer expectations. According to the Renub Research report, the Global Automotive Seat Market is expected to be a US$ 87.46 Billion by 2027.

Material Used & Types of Seat

Based on material, the global automotive seat market includes Fabric, Synthetic Leather, and Genuine Leather. The fabric segment holds the largest market share due to almost invariably tri-laminate polyester. The automotive seat type has been classified into the bucket seat, bench seat, and others. The bucket seat is separate with an armrest and contoured platform to seat a single person. Bucket seats are widely utilized as a driver and co-driver seats in passenger and commercial vehicles.

The popularity of Automotive Seats in Vehicles Globally

Worldwide, SUV popularity has increased significantly. Traditionally, the SUV style has been most successful in North America. The United States has the highest demand for SUVs seats. Vehicles seats in Europe and the Asia Pacific have also begun to pick up steam in recent years. Four out of 10 passenger vehicles sold in the Asia Pacific were SUVs, compared to about one third in Europe. Small and crossover automotive seat segment sales and compact SUV seats like the Dacia Duster have grown the most. The improvements in safety, weight, and fuel economy are significant factors in its appeal to a broader audience. The Global Automotive Seat Industry will grow with a CAGR of 7.24% from 2020 to 2027.

Regional Analysis of Automotive Seats Industry

Globally, the North American automotive seat market is dominated by the premium car market (2M units per annum), and pickup trucks are one of the largest in the world. Europe and the Asia Pacific regions are expected to lead the market for Automotive Seats during the forecast period. The market growth in Europe and Asian countries associated with the growing need for affordable vehicles due to changes in customer behaviour amid pandemics. Customers’ preference for luxury cars has led to a rapid rise in the premium automotive seat market in Europe. As per our analysis, the Global Automotive Seat Market Size was valued at US$ 53.62 Billion in 2020.

COVID-19 Impact on Automotive Seats Business

Coronavirus outbreak is one of the biggest shocks for the automotive business worldwide. The COVID-19 pandemic hindered the growth of the automotive seat market as there were constant lockdowns and travel constraints across the world to contain the virus. Moreover, the supply chain of the market got hit while manufacturing units were closed and with social distancing rules to follow limited staff available to run production lines with all safety standards. Besides, this high cost of modular & advanced seats compared to traditional seats may hamper the growth of the automotive seat market.

global automotive seat market

The key companies such as Toyota Boshoku, Faurecia Magna International, Inc., Lear Corporation, Johnson Controls, and Grammer AG come together to research and develop innovative and novel automotive seating solutions. In 2020, Toyota Boshoku Developed Seats for Toyota’s New Model Yaris.

Renub Research latest report ”Global Automotive Seat Market by Material (Fabric, Synthetic Leather, Genuine Leather), Seat Type (Bucket, Bench, Others), Energy Source (Gasoline, Diesel, Electric, LPG), Vehicle Type (Small Cars, Pickups, Compact Cars, MPVs, Large Cars, Mid-Size Cars, HCVs, SUVs & Crossovers, Others), Technology (Powered Seats, Standard Seats, Ventilated Seats, Others), Region(North America, Europe, Asia Pacific, Middle East America, Middle East America), Company (Toyota Boshoku, Faurecia Magna International, Inc., Lear Corporation, Johnson Controls, and Grammer AG)” provides a detailed analysis of Worldwide Automotive Seats Industry.

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=automotive-seat-market-p.php

Material – Global Automotive Seat Market have been covered 3 viewpoints:

  1. Fabric
  2. Synthetic Leather
  3. Genuine Leather

Seat Type – Global Automotive Seat Market have been covered by 3 viewpoints:

  1. Bucket
  2. Bench
  3. Others

Energy Source – Global Automotive Seat Market have been covered by 4 viewpoints:

  1. Gasoline
  2. Diesel
  3. Electric
  4. LPG

Vehicle Type –Global Automotive Seat Market have been covered 9 viewpoints:

  1. Small Cars
  2. Pickups
  3. Compact Cars
  4. MPVs
  5. Large Cars
  6. Mid-Size Cars
  7. HCVs
  8. SUVs & Crossovers
  9. Others

Technology –Global Automotive Seat Market have been covered 3 viewpoints:

  1. Powered Seats
  2. Standard Seats
  3. Ventilated Seats
  4. Others

automotive seat industry

Region –Global Automotive Seat Market have been covered 5 viewpoints:

  1. North America
  2. Europe
  3. Asia Pacific
  4. Middle East America
  5. South America

All companies have been covered from 3 viewpoints

• Overview
• Recent Development
• Revenue

Company Analysis

  1. Toyota Boshoku
  2. Faurecia Magna International
  3. Inc., Lear Corporation
  4. Johnson Controls
  5. Grammer AG.

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: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

Japan Tourism Market expected to reach US$ 3.1 Billion by 2026

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.

japan inbound tourism market 2020 – 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: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research