Supermarkets have maintained stable volume-driven business strategies amid a pricing environment that has been in the spotlight. Conflict in the Middle East, avian flu outbreaks and other inflationary pressures have driven prices up, with many stores passing on these costs to consumers. While consumers are paying more for groceries and upstream suppliers are seeing their margins shrink, supermarkets Coles and Woolworths have maintained relatively stable profit margins, among the highest in the world. The continued expansion of Aldi and Amazon has forced the two established industry giants to shift gears recently to remain price-competitive on both the physical store and online service fronts, launching short-term price discounting initiatives. These supermarket giants also rely on loyalty programs and promotions. Coles and Woolworths have displayed interest in data analytics, strengthening their relationships with analytics data giants like Palantir to optimise their marketing and operational processes. The ACCC's landmark supermarkets inquiry, while not finding evidence of price gouging, identified 20 key recommendations that would ensure a more sustainable market and avoid oligopolistic exploitation. Supermarket and grocery revenue rose significantly following the COVID-19 outbreak. A combination of panic buying, along with the suspension of many specials and promotions in supermarkets, boosted grocery turnover at the beginning of the period, spiking revenue for the two years through 2020-21. This high benchmark at the start of the period has resulted in an industry correction and an annualised revenue contraction of 0.4% to $144.3 billion over the five years through 2025-26. Revenue is estimated to climb 0.4% in 2025-26, reflecting the price-driven industry growth that falling tobacco sales have offset. Supermarkets and grocery stores are set to perform well, with industry revenue slated to climb at an annualised 1.5% through 2030-31 to $155.6 billion. Population growth will remain a key growth factor that stores rely on, as many continue a volume-driven business approach to generating revenue. Should the transparency-related recommendations from the ACCC's inquiry be implemented, some price-driven growth may be curtailed. Eventually, when inflationary pressures subside and consumer sentiment returns to a positive level, supermarkets and grocers will be well-positioned to take advantage of consumer appetite for value-added and premium goods. Strong growth in online sales is set to continue.

In 2023, the value of grocery retail sales from supermarkets in Australia exceeded *** billion Australian dollars. This marked an increase from the previous year, in which grocery retail sales were valued at just shy of *** billion Australian dollars. Which supermarkets dominate Australia’s grocery landscape? Australia’s supermarket and grocery sector is highly concentrated, with the top four companies, Woolworths, Coles, German company Aldi, and IGA (Metcash) holding over ** percent of the country’s grocery retailer market share. The top two supermarkets, Woolworths and Coles, have extensive retail networks across the country, with around ***** stores in the Woolworths network as of May 2025, including Woolworths Supermarkets, Ampol Woolworths, and EG Ampol locations. Inquiry into Australia’s grocery sector Going into 2024, the price of groceries was one of the most pressing financial issues for many Australian households, with almost ** percent of consumers surveyed in April 2024 saying they felt grocery prices had increased compared to the previous year. Only ** percent of Australian consumers indicated in the same survey that, in their view, grocery products were priced fairly by supermarkets. Following price gouging allegations against major supermarket chains in the country, including Australia’s supermarket duopoly, Woolworths and Coles, the Australian Consumer Competition Commission (ACCC) launched its inquiry into the country’s grocery retail sector in January 2024. The inquiry endeavors to highlight key issues across the supermarket sector and introduce improved regulatory framework and pricing mechanisms, enabling better market access for smaller grocery retailers and discounters, as well as improving customer, supply chain contributor, and farmer satisfaction.

Major US steelmakers hike rebar prices by $60 per ton amid market fluctuations and demand changes.

Supermarket giant Woolworths Group had the highest presence across Australia’s leading supermarket and convenience store chains as of May 2025, with around ***** locations across its network, including Woolworths Supermarkets, Ampol Woolworths, and EG Ampol locations. Its grocery retail rival, Coles Group, came in second, with over ***** locations nationwide, encompassing Coles Supermarkets and Coles Express. American convenience store chain 7-Eleven also makes its mark, with an extensive number of stores in Australia. European supermarkets, Aldi and Spar, have also expanded their networks over the past two decades, slowly eating away at Woolworths, Coles, and Metcash’s grocery retail market share. ACCC investigates Australia’s grocery retail market Australia’s supermarket scene is oligopolistic; the top four companies, Woolworths, Coles, Metcash (IGA), and Aldi, control over ** percent of the country’s grocery retail market share, with around ** percent held by Woolworths and Coles alone. In 2024, the Australian Competition and Consumer Commission (ACCC) began its inquiry into the country’s supermarket sector to review pricing and competitive practices following price gouging allegations against Australia’s leading grocery retailers. Alongside the ACCC investigation, consumer advocacy group CHOICE started to create government-funded price transparency and comparison reports, such as average grocery basket price evaluations, to deliver in-depth insights to customers to help them save money amid excessive price increases. In March 2025, the ACCC's review concluded, with its key recommendations encompassing publishing requirements for major supermarkets regarding pricing, promotions, shrinkflation, and loyalty program benefits to offer more transparency to consumers, as well as curb misleading promotional tactics. Nonetheless, the ACCC’s findings were inconclusive on whether price gouging was taking place and noted that profitability was not prohibited. How have Australia’s consumers responded to grocery price inflation? According to a 2024 survey, around ** percent of Australian consumers perceive the pricing of groceries and related products as unfair, with almost ***** in ** expressing that they felt these products had continued to become costlier since 2023. Convenience, familiarity with a particular store’s layout, and collecting reward points were the key reasons to shop exclusively at a supermarket chain among Australian consumers in a recent survey. Nonetheless, as grocery costs across the country climb, several consumers' grocery retailer loyalties are being tested. Consumers increasingly shop across various stores or switch to cheaper brands to save money and take advantage of price promotions.

TNC Geofence Dynamic Pricing Integration Market Outlook

According to our latest research, the global TNC Geofence Dynamic Pricing Integration market size reached USD 2.14 billion in 2024, reflecting robust adoption across transportation and logistics sectors. The market is expected to grow at a CAGR of 15.7% during the forecast period, projecting a value of USD 7.05 billion by 2033. This impressive growth trajectory is primarily driven by the rising need for real-time, location-based pricing strategies among transportation network companies (TNCs) and related service providers, as they seek to optimize revenue, enhance user experience, and respond to fluctuating demand patterns in urban mobility ecosystems.

The TNC Geofence Dynamic Pricing Integration market is experiencing significant momentum due to the rapid digital transformation in urban mobility and logistics. The proliferation of smartphones and IoT devices has enabled real-time geolocation tracking, making geofencing technology more accessible and effective for dynamic pricing models. TNCs and fleet operators are increasingly leveraging these capabilities to implement flexible fare structures that align with local demand, traffic conditions, and special events. By integrating geofence-driven dynamic pricing, companies can maximize utilization rates, reduce idle times, and incentivize drivers to serve high-demand zones, thus improving operational efficiency and customer satisfaction. The growing adoption of AI and machine learning algorithms further enhances the precision and responsiveness of these pricing strategies, contributing to the market’s robust expansion.

Another key growth factor is the increasing pressure on urban transportation networks to reduce congestion and improve service reliability. Municipal authorities and public transportation agencies are embracing geofence dynamic pricing as a tool to influence commuter behavior, manage peak loads, and promote equitable access to mobility services. For instance, by adjusting fares dynamically within predefined geofenced areas, cities can encourage off-peak travel or reroute demand away from congested corridors. This approach not only supports sustainable urban development but also opens new revenue streams for public and private stakeholders. Additionally, the integration of dynamic pricing with geofencing enhances transparency and fairness in pricing, addressing concerns of price gouging and ensuring compliance with regulatory frameworks.

The evolution of mobility-as-a-service (MaaS) platforms and the rise of multimodal transportation are further catalyzing the adoption of TNC Geofence Dynamic Pricing Integration solutions. As consumers increasingly expect seamless, on-demand access to various mobility options, service providers must differentiate through personalized and context-aware pricing models. Geofence-enabled dynamic pricing allows for granular segmentation of service zones, enabling tailored promotions, loyalty programs, and targeted incentives. This level of customization not only boosts customer retention but also empowers TNCs and fleet operators to adapt swiftly to market shifts and competitive pressures. The convergence of geospatial analytics, cloud computing, and API-driven integrations is streamlining deployment and scalability, making these solutions attractive to both established players and new entrants in the mobility ecosystem.

Regionally, North America continues to lead the market, driven by the presence of major TNCs, advanced digital infrastructure, and supportive regulatory environments. The region accounted for over 38% of the global market share in 2024, with the United States representing the largest contributor. Europe and Asia Pacific are also witnessing accelerated adoption, fueled by smart city initiatives, growing urbanization, and increased investment in intelligent transportation systems. While Latin America and the Middle East & Africa are still emerging markets, they present substantial growth potential due to ongoing investments in digital mobility solutions and expanding urban populations. Overall, the global landscape is characterized by rapid innovation, competitive differentiation, and a strong emphasis on enhancing urban mobility outcomes.

Component Analysis

The Component segment of the TNC Geofence Dynamic Pricing Integration market is divided into software, hardware, and services, each playing a crucial role in the over

The dynamic pricing software market is experiencing robust growth, driven by the increasing need for businesses to optimize revenue and remain competitive in fluctuating market conditions. The market, estimated at $5 billion in 2025, is projected to exhibit a healthy Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033, reaching approximately $15 billion by 2033. This expansion is fueled by several key factors: the proliferation of e-commerce, the rise of data-driven decision-making, and the growing adoption of artificial intelligence (AI) and machine learning (ML) technologies within pricing strategies. Businesses across various sectors, including retail, travel, and manufacturing, are increasingly leveraging dynamic pricing to personalize offers, react swiftly to market changes, and maximize profitability. The trend towards subscription-based pricing models and the expanding adoption of cloud-based solutions further contribute to market growth. However, challenges remain. Implementation costs and the complexity of integrating dynamic pricing software with existing systems can act as barriers to entry for smaller businesses. Furthermore, ensuring data accuracy and ethical considerations surrounding price manipulation are crucial aspects that companies must address. The competitive landscape is populated by a mix of established players like SAP and Pricefx, and emerging innovative companies like Prorize and COMPETERA, each offering unique functionalities and catering to specific market segments. Future growth will likely be driven by the development of more sophisticated AI-powered pricing algorithms, enhanced integration with other business systems, and a greater focus on providing user-friendly interfaces to simplify adoption and management. The market segmentation will continue to evolve with niche solutions emerging for specific industry verticals, further fueling market expansion.

Netflix had the most expensive subscription plan among video streaming services in the U.S., with its ad-free premium tier costing just under 23 U.S. dollars per month as of October 2024. By contrast, the streaming giant’s most basic plan supported with ads costs subscribers nearly seven U.S. dollars on a monthly basis. Peacock and Paramount+ were priced lower than the larger, more established SVOD providers like Netflix, Max, and Disney+, with the latter recently increased their fees. Consumer behavior after price hikes Video streaming services regularly increase their subscription costs. However, in light of recent economic developments, it is particularly taxing for consumers who must decide whether they can still afford the luxury of having multiple streaming subscriptions. According to a 2024 survey, the main reasons for consumers to stop the use of streaming offers were cost-related, and they are increasingly looking for alternative monetization models and bundling options. DTC business under pressure In order to keep their customers engaged and boost income, streaming providers needed to take action. Disney, for example, not only increased subscription fees, but also announced several cost-cutting measures to become profitable in the direct-to-consumer business in the upcoming years. These included laying off thousands of employees and reducing content spending by removing TV shows and movies from their services.

In 2023, the price of fabricated structural steel in the United Kingdom has fallen by over ** percent. That came after the cost of that building material soared between 2020 and 2022. Most of that price increase happened in 2021, with a growth rate of **** percent that year. Structural steel is widely used for construction because it is durable, malleable, and strong, while also being cheaper than many other metals. For example, it is often used as a structural material for skyscrapers and other buildings, as well as for infrastructure. Why has the price of steel increased? Those price increases seen until 2022 have not just affected the UK, but many other countries around the world. For example, the cost of fabricated structural metal in the U.S. and that of structural steel and other steel products in Germany reached their highest growth rate in 2022. Supply chain disruptions along with a decrease in the global production of crude steel in 2020 were some of the main reasons for those price hikes in 2021. In addition to that, the price of iron ore, which is the main component of steel, and energy also had a strong impact on the final price of steel products those years. Largest steel producers In the past couple of years, China was by far the largest steel producer in the world, with a production volume that was well over ***** times higher than that of the second country in the ranking: India. Although the United States was also on that list along with Japan and Russia, it was not among the leading exporters of steel. The reason for that discrepancy is that a big share of the production in countries of the size of the U.S., China, and India goes to fill their own domestic needs. Meanwhile, **** of the ** companies with the highest output of steel came from China, with the rest coming from Luxembourg, Japan, South Korea, India, and the U.S.