Latest news with #urbanization
Yahoo
13 hours ago
- Business
- Yahoo
From AI to hydrogen planes: My Wildest Prediction second season wrap-up
The second season of My Wildest Prediction has come to an end. Over the last eight months, we have delved into the business world through the words of entrepreneurs, researchers, futurists and experts from around the globe. Our goal has been to understand the challenges facing our economy and society, exploring how they affect our lives now and in the years to come. My Wildest Prediction is a podcast series from Euronews Business where we dare to imagine the future with business and tech visionaries. Among other topics, we discussed work. Some guests, like bestselling author Bruce Daisley, painted a pessimistic picture, predicting that 'work will get worse before it gets better'. Others, like futurist Dom Price, offered a more radical point of view, arguing that we will abandon the productivity myth — the idea that constantly working is the key to success. Overall, our guests agreed that work will become increasingly mobile, with entrepreneur Karoli Hindriks arguing that 'passports will be obsolete' and marketing expert Rory Sutherland saying that people will adopt a nomadic lifestyle. We also explored the future of our cities and our relationship with the environment. Urbanist Greg Clark predicted that by 2080, there will be more than 10 billion people on Earth, with 90% living in cities. Additionally, explorer Bertrand Piccard forecast that hydrogen planes will fly commercially by 2035. And of course, artificial intelligence (AI) was extensively discussed in our podcast and remained a polarising topic. Human resources expert Patty McCord believes 'AI will not be the big scary thing we think', while others like professor Scott Galloway predicted that AI will fuel US domestic terrorism. This is just a glimpse of the predictions shared during our season. Watch the wrap-up and listen to the episodes on YouTube or your favourite audio platforms.
Yahoo
14 hours ago
- Business
- Yahoo
Sofas That Save Space: A USD 4.9 Billion Segment Forecasted to Grow with Urban Living Trends
Urbanization and compact living are driving demand for space-saving, versatile furniture like beds, foldable dining tables, and storage chairs. Rising housing costs push consumers towards multifunctional solutions, emphasizing style and utility. Multifunctional Furniture Market Dublin, June 20, 2025 (GLOBE NEWSWIRE) -- The "Multifunctional Furniture Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" report has been added to Global Multifunctional Furniture Market was valued at USD 15.9 billion in 2024 and is estimated to grow at a CAGR of 4.9% to reach USD 25.4 billion by 2034, fueled by a surge in urbanization and the shift toward smaller living spaces. As more people migrate to urban areas, housing becomes increasingly compact, particularly in high-density residential buildings. Rising real estate costs have made space-saving a top priority, pushing consumers to invest in versatile furniture that combines practicality with smart design. These products are becoming essential in modern homes, offering multiple functionalities without occupying extra space. Sofas that double as beds, dining tables that fold away, and chairs with storage compartments are just a few examples of how furniture adapts to limited square footage. The increasing popularity of studio and micro-apartments has further amplified this trend. Consumers are gravitating toward multifunctional solutions that help maximize usability without compromising on style or comfort. The market continues to expand as design innovation meets the demand for space-efficient, user-friendly, and aesthetically pleasing furniture. Eco-conscious buyers help shape the market by favoring products that blend sustainability with modern 2024, the sofa segment in the multifunctional furniture market generated USD 4.9 billion and is forecasted to grow at a CAGR of 5.4% through 2034, fueled by the need for versatile, space-saving furniture in compact living environments. Multifunctional sofas are especially favored in single-room or small apartments where every square foot matters. These sofas not only offer comfort but also eliminate the need for additional furniture, such as separate beds or storage units, by combining multiple features in one compact design. As urban spaces continue to shrink, consumers are prioritizing furniture that adapts seamlessly to limited living areas without compromising on aesthetics or wooden furniture segment maintained a 43% share in 2024 and is projected to grow at a CAGR of 5.2% from 2025 to 2034, driven by increased consumer demand for sustainable and durable home furnishings. More brands are shifting to ethically sourced timber and environmentally friendly production practices in response to changing consumer preferences. The appeal of wooden multifunctional furniture lies in its ability to merge natural textures with minimalist forms, making it a preferred choice in homes that balance modern style with traditional design States Multifunctional Furniture Market was valued at USD 4.4 billion in 2024. Urbanization trends, particularly in densely populated cities, have resulted in smaller apartments and a growing shift toward modular and space-optimizing furniture. As living spaces contract, multifunctional designs have become essential rather than optional. The rise of tech-integrated furniture is also gaining momentum, as U.S. consumers increasingly seek smart, connected living solutions that align with broader digital home maintain a competitive edge, companies such as IKEA, Furl, Ligne Roset, The Futon Shop, Ashley Furniture Industries, Expand Furniture, Hafele, Wayfair, CasaKids, Murphy Wall-Beds Hardware, Clei, Natuzzi Group, Lifetime Furniture, Sofa Bed Company, and La-Z-Boy Incorporated are investing heavily in product innovation and sustainable materials. Many are enhancing their online presence and direct-to-consumer channels to boost accessibility. Additionally, strategic partnerships, customization options, and AI-driven design features are adopted to meet evolving consumer preferences and strengthen brand Market Analysis and Forecast Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape Competitive landscape with Porter's Five Forces and PESTEL analysis Market size, segmentation, and regional forecasts In-depth company profiles, business strategies, financial insights, and SWOT analysis Key Attributes Report Attribute Details No. of Pages 220 Forecast Period 2024-2034 Estimated Market Value (USD) in 2024 $15.9 Billion Forecasted Market Value (USD) by 2034 $25.4 Billion Compound Annual Growth Rate 4.9% Regions Covered Global Key Topics CoveredChapter 1 Methodology & ScopeChapter 2 Executive Summary2.1 Industry 360 degree synopsis, 2021-2034Chapter 3 Industry Insights3.1 Industry ecosystem analysis3.1.1 Factor affecting the value chain.3.1.2 Profit margin analysis.3.1.3 Disruptions3.1.4 Future outlook3.1.5 Manufactures3.1.6 Distributors3.2 Impact of Trump administration tariffs3.2.1 Trade impact3.2.1.1 Trade volume disruptions3.2.1.2 Retaliatory measures3.2.2 Impact on industry3.2.2.1 Supply-side impact (raw materials)3.2.2.1.1 Price volatility in key materials3.2.2.1.2 Supply chain restructuring3.2.2.1.3 Production cost implications3.2.2.2 Demand-side impact (cost to customers)3.2.2.2.1 Price transmission to end markets3.2.2.2.2 Market share dynamics3.2.2.2.3 Consumer response patterns3.2.3 Key companies impacted3.2.4 Strategic industry responses3.2.4.1 Supply chain reconfiguration3.2.4.2 Pricing and product strategies3.2.4.3 Policy engagement3.2.5 Outlook & future considerations3.3 Supplier landscape3.4 Key news & initiatives3.5 Regulatory landscape3.6 Pricing trend analysis3.7 Impact forces3.7.1 Growth drivers3.7.1.1 Increasing urbanization leads to smaller living spaces3.7.1.2 The shift towards more flexible and adaptable living spaces3.7.1.3 Consumers are increasingly aware of the benefits of space-efficient furniture3.7.2 Industry pitfalls & challenges3.7.2.1 Cost constraints3.7.2.2 Design complexity and durability3.8 Growth potential analysis3.9 Porter's analysis3.10 PESTEL analysisChapter 4 Competitive Landscape, 20244.1 Introduction4.2 Company market share analysis4.3 Competitive positioning matrix4.4 Strategic outlook matrixChapter 5 Market Estimates & Forecast, by Product Type, 2021-2034 (USD Billion, Million Units)5.1 Key trends5.2 Sofa5.3 Chair5.4 Beds5.5 Ottoman5.6 Table5.7 Storage units5.8 Others (desks, foldable furniture, etc.)Chapter 6 Market Estimates & Forecast, by Material, 2021-2034 (USD Billion, Million Units)6.1 Key trends6.2 Wood6.3 Metal6.4 Plastic6.5 Others (glass, fabric, etc.)Chapter 7 Market Estimates & Forecast, by Price Range, 2021-2034 (USD Billion, Million Units)7.1 Key trends7.2 Low7.3 Medium7.4 HighChapter 8 Market Estimates & Forecast, by Application, 2021-2034 (USD Billion, Million Units)8.1 Key trends8.2 Residential8.2.1 Living room8.2.2 Bedroom8.2.3 Kitchen8.2.4 Outdoor8.3 Commercial8.3.1 Offices8.3.2 Hotels8.3.3 Restaurants & cafes8.3.4 Educational institutions8.3.5 Others (retail spaces, hospitals, etc.)Chapter 9 Market Estimates & Forecast, by Distribution Channel, 2021-2034 (USD Billion, Million Units)9.1 Key trends9.2 B2B9.3 B2C9.3.1 Online9.3.1.1 E-commerce9.3.1.2 Company website9.3.2 Offline9.3.2.1 Home improvement stores9.3.2.2 Specialty stores9.3.2.3 Others (individual stores, carpenter workshop, etc.)Chapter 10 Market Estimates & Forecast, by Region, 2021-2034 (USD Billion, Million Units)10.1 Key trends10.2 North America10.2.1 U.S.10.2.2 Canada10.3 Europe10.3.1 UK10.3.2 Germany10.3.3 France10.3.4 Italy10.3.5 Spain10.3.6 Russia10.4 Asia-Pacific10.4.1 China10.4.2 India10.4.3 Japan10.4.4 South Korea10.4.5 Australia10.5 Latin America10.5.1 Brazil10.5.2 Mexico10.6 MEA10.6.1 UAE10.6.2 Saudi Arabia10.6.3 South AfricaChapter 11 Company Profiles11.1 Ashley Furniture Industries11.2 CasaKids11.3 Clei11.4 Expand Furniture11.5 Furl11.6 Hafele11.7 IKEA11.8 La-Z-Boy Incorporated11.9 Lifetime Furniture11.10 Ligne Roset11.11 Murphy Wall-Beds Hardware11.12 Natuzzi Group11.13 Sofa Bed Company11.14 The Futon Shop11.15 Wayfair For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Multifunctional Furniture Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
15 hours ago
- Business
- Yahoo
From AI to hydrogen planes: My Wildest Prediction second season wrap-up
The second season of My Wildest Prediction has come to an end. Over the last eight months, we have delved into the business world through the words of entrepreneurs, researchers, futurists and experts from around the globe. Our goal has been to understand the challenges facing our economy and society, exploring how they affect our lives now and in the years to come. My Wildest Prediction is a podcast series from Euronews Business where we dare to imagine the future with business and tech visionaries. Among other topics, we discussed work. Some guests, like bestselling author Bruce Daisley, painted a pessimistic picture, predicting that 'work will get worse before it gets better'. Others, like futurist Dom Price, offered a more radical point of view, arguing that we will abandon the productivity myth — the idea that constantly working is the key to success. Overall, our guests agreed that work will become increasingly mobile, with entrepreneur Karoli Hindriks arguing that 'passports will be obsolete' and marketing expert Rory Sutherland saying that people will adopt a nomadic lifestyle. We also explored the future of our cities and our relationship with the environment. Urbanist Greg Clark predicted that by 2080, there will be more than 10 billion people on Earth, with 90% living in cities. Additionally, explorer Bertrand Piccard forecast that hydrogen planes will fly commercially by 2035. And of course, artificial intelligence (AI) was extensively discussed in our podcast and remained a polarising topic. Human resources expert Patty McCord believes 'AI will not be the big scary thing we think', while others like professor Scott Galloway predicted that AI will fuel US domestic terrorism. This is just a glimpse of the predictions shared during our season. Watch the wrap-up and listen to the episodes on YouTube or your favourite audio platforms.
New York Times
19 hours ago
- General
- New York Times
As Dense Cities Encircle India's Busiest Airports, Dangers Multiply
Bhavesh Patni had just sat down with his family for a lunch of eggplant and potato curry when an Air India plane took off from the runway behind their home in the city of Ahmedabad, flew over their heads and crashed into a medical college campus visible from their building. As Mr. Patni climbed up to his terrace to watch the flames from a disaster that would ultimately kill 241 people on the plane and at least 34 on the ground, he shuddered as he thought about his family's proximity to the nightmare below them. In Ahmedabad, as in cities across this country of 1.4 billion people, there is little buffer between the increasingly busy airport and the densely populated neighborhoods that encircle it. That puts residents in the danger zone if anything goes wrong during takeoffs and landings, the time when most aviation accidents occur. This reality illustrates a pressing challenge for India. The country's growing wealth has given it the means to be more on the move. Air passenger traffic has doubled over the past decade, as has the number of operational airports. But India's expanding aviation ambitions have been superimposed on existing urban infrastructures that are already pushed to the limit by the rapid growth of cities. Want all of The Times? Subscribe.
Associated Press
a day ago
- Business
- Associated Press
Dishwasher Market Size and Share Analysis Report 2025-2033: Smart Features and Technological Advancements, & Emerging Hospitality and Foodservice Industry Bolster Growth
DUBLIN--(BUSINESS WIRE)--Jun 19, 2025-- The 'Dishwasher Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to offering. The Global Dishwasher Market size was USD 35.57 billion in 2024 and is expected to grow significantly to reach USD 44.42 billion by the year 2033. This growth is led by rising urbanization, rising disposable incomes, and a rise in the use of automated kitchen appliances. The market is forecasted to develop at a high compound annual growth rate (CAGR) of 2.50% for the 2025-2033 period. A dishwasher is a home appliance that cleans and sanitizes dishes, pots and pans, and utensils automatically. It employs hot water, detergent, and strong jets to eliminate food debris and bacteria, which significantly lessens the drudgery of washing by hand. Contemporary dishwashers have numerous cycles for multiple levels of cleaning, energy-efficient features, and even smart connectivity to operate from a distance. Worldwide, the use of dishwashers has increased with busy lifestyles, heightened hygiene awareness, and the trend towards smart homes. In developed economies such as North America and Europe, dishwashers are now standard kitchen equipment. However, their use is quickly increasing in emerging markets such as China and India as urbanization increases and middle-class consumers demand convenience. Moreover, the increasing number of dual-income households has also led to the demand for time-efficient kitchen solutions. With energy efficiency, water conservation, and space-saving designs as the focus of innovations, dishwashers are becoming a top choice in residential and commercial kitchens globally. Growth Driver in the Global Dishwasher Market Increasing Urbanization and Shifting Lifestyles With urbanization gaining momentum worldwide, more consumers are shifting to fast-paced, convenience-driven lifestyles, which is fueling demand for time- and effort-saving appliances. Dishwashers, especially, have been popular among dual-income working professionals and families looking to reduce daily work. Increased numbers of nuclear families and city apartments with modular kitchen facilities favor the use of dishwashers. In addition, growth in disposable incomes for middle-class consumers in emerging markets is driving appliance adoption. Along with rising awareness of kitchen cleanliness and hygiene, these factors are driving dishwasher sales into a consistent growth in both developed and developing markets internationally. Around 55% of the global population currently resides in urban centers, and this is projected to grow to 68% (about 7 billion people) by the year 2050. The majority of this growth, as much as 90%, will be seen in Asia and Africa. Smart Features and Technological Advancements New dishwashers have energy-saving technology, AI-based washing cycles, and IoT-activated features that attract consumers with a high degree of technological affinity. Features like soil sensors, auto-dosing, steam cleaning, and app-operated functionalities provide customized and effective cleaning solutions. Smart home ecosystems' integration has also boosted consumer interest, enabling dishwashers to be synchronized with other devices for hassle-free control. Sustainability through minimized water and power consumption by manufacturers is also attracting environmental-friendly consumers. These innovations do not only increase functionality but also broaden the market scope by dealing with age-long issues of water consumption, decibel levels, and cleaning proficiency. In July 2022, Samsung Electronics Singapore has released a new generation of dishwashers, complementing their lineup of home appliances. The innovation seeks to upscale the lives of Singaporean consumers by ensuring cleanliness of kitchen items through effective washing. These dishwashers are loaded with various smart technologies to make the cleaning process faster and more personalized. Emerging Hospitality and Foodservice Industry Increased growth of the global hospitality industry comprising restaurants, hotels, cafes, and catering services - is playing a pivotal role in fueling the demand for commercial dishwashers. Such businesses need high-capacity, sanitary, and time-saving cleaning options to ensure food safety levels and customer satisfaction. As the foodservice sector recovers from the pandemic, demand for dependable dishwashing equipment has increased. Also, rising tourism, events, and quick-service restaurants globally are fueling investments in commercial kitchens and equipment. March 2024, Miele Professional introduces MasterLine, a new range of dishwashers for both home and commercial use. MasterLine provides outstanding hygiene, efficiency, and convenience with powerful cleaning performance on two levels and a range of accessories. Obstacles to the Global Dishwasher Market Initial Cost and Installation Hindrances Although dishwasher advantages, these remain a comparably high-cost appliance, particularly in emerging economies. The machine's initial price, combined with plumbing and electric installation, repels price-conscious buyers. Households in most markets continue to consider dishwashers as indulgence goods rather than as necessity items in the kitchen. Complexity in installing in old kitchens, together with the availability of kitchen space, restricts further uptake. Buyers frequently must retrofit or replace cabinetry, which contributes to the overall expense. Also, compatibility issues with local dishware sizes and materials continue to be a concern. Overcoming these obstacles with compact designs, reasonable prices, and plug-and-play installations will be instrumental in achieving mass-market penetration worldwide. Low Market Penetration in Developing Countries Penetration of dishwashers is still low in most developing nations because of cultural, economic, and infrastructural reasons. In Asia-Pacific, Africa, and parts of Latin America, manual dishwashing remains an integral part of day-to-day routines, often with the aid of domestic labor. This cultural influence, combined with low awareness and affordability, hampers dishwasher adoption. In rural and semi-urban areas, sporadic water supply and electricity further hamper market development. Consumers even in urban households might be lacking in awareness about water- and time-saving benefits. Increasing educational campaigns and launching small, energy-saving, and region-relevant models are essential to resolving this challenge. Key Players Analyzed Key Attributes: Key Topics Covered: 1. Introduction 2. Research & Methodology 3. Executive Summary 4. Market Dynamics 4.1 Growth Drivers 4.2 Challenges 5. Global Dishwasher Market 6. Market Share Analysis 6.1 By Products 6.2 By Application 6.3 By Distribution Channel 6.4 By Countries 7. Product 7.1 Freestanding 7.2 Built-in 8. Application 8.1 Commercial 8.2 Residential 9. Distribution Channels 9.1 Offline 9.2 Online 10. Countries 10.1 North America 10.1.1 United States 10.1.2 Canada 10.2 Europe 10.2.1 France 10.2.2 Germany 10.2.3 Italy 10.2.4 Spain 10.2.5 United Kingdom 10.2.6 Belgium 10.2.7 Netherlands 10.2.8 Turkey 10.3 Asia-Pacific 10.3.1 China 10.3.2 Japan 10.3.3 India 10.3.4 Australia 10.3.5 South Korea 10.3.6 Thailand 10.3.7 Malaysia 10.3.8 Indonesia 10.3.9 New Zealand 10.4 Latin America 10.4.1 Brazil 10.4.2 Mexico 10.4.3 Argentina 10.5 Middle East & Africa 10.5.1 South Africa 10.5.2 Saudi Arabia 10.5.3 United Arab Emirates 11. Porter's Five Forces Analysis 11.1 Threat of New Entry 11.2 The Bargaining Power of Buyer 11.3 Threat of Substitution 11.4 The Bargaining Power of Supplier 11.5 Competitive Rivalry 12. SWOT Analysis 12.1 Strength 12.2 Weakness 12.3 Opportunity 12.4 Threats 13. Merger & Acquisitions 14. Key Players Analysis 14.1 Overviews 14.2 Key Person 14.3 Recent Developments 14.4 Product Portfolio 14.5 Revenue For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: RETAIL HOME GOODS SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 06/19/2025 10:33 AM/DISC: 06/19/2025 10:31 AM
