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Most Recent Press Releases are listed first. To read the full article click on title

Growing Religious and Business Tourism, Corporate Events, and Education Sectors are likely to be the key drivers for Saudi Arabia Catering Services Market – 6Wresearch
07 December 2017

According to 6Wresearch, Saudi Arabia Catering Services market is projected to reach $6.9 billion by 2023. Catering to remote sites such as oil rigs and construction sites have remained a prominent markets in Saudi Arabia as it is the company’s responsibility to provide meal to its employees at such sites. Decline in new construction awards and taxes on expatriates living & working in Saudi Arabia has forced the company’s to increase the percentage of Saudi nationals in workforce.

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Healthy Competition and Significant Innovation to Drive the Germany E-Cigarette Market in the Midst of New Regulations– 6Wresearch
07 December 2017

According to 6Wresearch, Germany e-cigarette market is poised to reach $852 million by 2023. With e-cigarette regulations gradually falling in place, market consolidation with more emphasis on quality & flavors and significant changes in product portfolio is expected in the near-future. Though, negative sentiments have surfaced up in regards to the new regulations, however, a positive trend is expected during the forecast period attributed to certain key factors such as healthy competition and significant innovation in e-cigarette devices.

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Rising Number of Gyms & Health Clubs Coupled with Growing Awareness towards Physical Fitness are the Key Factors Driving the Growth of Fitness Equipment Market in India– 6Wresearch
01 December 2017

According to 6Wresearch, India fitness equipment market is projected to grow at a CAGR of over 15% during 2017-23. The cardiovascular training equipment segment acquired largest revenue share in 2016, however, with evolving workout preference of consumers, strength training segment is likely to record highest growth rate during the forecast period. Amongst all the end user applications, gyms and health clubs captured majority of the revenue share. Additionally, with growing penetration of international fitness chains, gyms & health clubs segment is likely to lead during the forecast period.

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Saudi Arabia Industrial Pumps Market Revenue is Buoyed to Grow at a CAGR of 2.4% by 2023 – 6Wresearch
30 November 2017

According to 6Wresearch, Saudi Arabia industrial pumps market revenues are projected to grow at a CAGR of 2.4% during 2017-23. Expansion of petrochemical and chemical industries in the region coupled with rising investment in infrastructure projects is expected to drive growth of industrial pumps market in near-future. Additionally, growing water & electricity consumption propelled by rising population as well as expansion of non-oil sector would further aid in driving market revenues.

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Growth of Health Clubs and Gyms are Majorly Driving the Market for Equipment in UAE– 6Wresearch
29 November 2017

According to 6Wresearch, UAE fitness equipment market is projected to grow at a CAGR of 4.4% during 2017-23. Over the next six years, UAE fitness equipment market is anticipated to surge due to expected additions in the number of health clubs and gyms, opening of gyms in commercial offices, growing awareness amongst the users, and increasing spending of individuals in extracurricular activities.

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